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AlixPartners founder acquires ownership stake from CVC

A group led by the AlixPartners’ founder Jay Alix and three global investors has agreed to acquire ownership stakes in the business from CVC Capital Partners.

The transaction values AlixPartners at more than USD2.5 billion.
 
The new ownership structure will include Caisse de dépôt et placement du Québec (CDPQ), Public Sector Pension Investment Board (PSP Investments) and Investcorp Group, together with founder and current shareholder Alix.
 
AlixPartners’ managing directors will continue to hold a significant stake in the firm and have access to a new equity system.
 
Founded in 1981, AlixPartners works with clients to help them restore, grow and create sustainable value in high-impact situations. Its services comprise performance improvement; turnaround and restructuring; investigations, disputes and risk; digital transformation; and transformative leadership.
 
CVC acquired a majority stake in AlixPartners in 2012. The firm has since grown from 950 to more than 1,600 professionals and expanded from 17 to 25 offices on four continents.
 
Simon Freakley, chief executive officer of AlixPartners, says: “We are delighted to welcome CDPQ, PSP Investments and Investcorp as long-term shareholders. Their commitment will allow us to continue to grow our business and best serve our clients. We are now in our 35th year and, with revenues of USD1 billion, AlixPartners is on a great trajectory.”
 
Freakley adds: “Our unique approach, assigning experienced teams, acting quickly and delivering practical solutions for very complex problems, has been key to our success and allows us to work with some of the world’s largest companies. We are very grateful to CVC, who shared our vision and played an integral role in the firm’s growth over the last four and a half years.” 

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