AlixPartners LLP and an investor group have agreed to buy the ownership stake in the advisory business from CVC Capital Partners, valuing the firm at more than $2.5 billion.
AlixPartners, headquartered in New York, provides business advisory services to corporate boards, law firms, investment banks and investors. The firm’s services include: financial and operational restructuring, digital strategy advice, arbitration and litigation, and leadership performance analysis. The firm’s CEO Jay Alix is a current shareholder leading the investor group, which also includes new investors: Caisse de dépôt et placement du Québec (CDPQ), a Canadian institutional fund manager; Public Sector Pension Investment Board, a pension investment manager based in Canada with more than $190 billion in net assets; and Investcorp Group, a Bahrain-based manager of alternative investment products. As part of the deal, the firm’s managing directors will continue to hold a significant ownership stake in the company.