Heidrick & Struggles Completes Take-Private Transaction Backed by Advent International, Corvex Private Equity and a Global Network of Strategic Investors
MWN-AI** Summary
Heidrick & Struggles International, Inc., a leader in global leadership advisory and talent solutions, has successfully completed a take-private transaction valued at approximately $1.3 billion. The acquisition was led by private equity firms Advent International and Corvex Private Equity, alongside a consortium of strategic investors including Salem Capital Management and Mousse Partners. This transformative deal marks a significant shift for the 70-year-old company, signaling an ambitious multi-year growth strategy aimed at enhancing its capabilities in building strong, enduring client relationships.
With the transaction now closed, Heidrick & Struggles will maintain its brand while strategically positioning itself for future scalability and growth. In conjunction with the takeover, Carmine Di Sibio, an Operating Partner at Advent and former CEO of EY, is set to become Chairman of the Board. The company's leadership, including CEO Tom Monahan, continues to emphasize their commitment to delivering value and strengthening their world-class search and advisory services.
Tom Monahan highlighted the partnership with Advent, Corvex, and other investors as a platform that will bolster Heidrick & Struggles' operational capabilities and client offerings. Both Advent’s and Corvex’s leadership stressed their confidence in the company’s growth potential and the value of its talented workforce. The new equity structure instituted by the transaction further aligns the interests of Heidrick & Struggles’ partners and leaders with its overarching business objectives.
Additionally, with the conclusion of the acquisition, Heidrick & Struggles' common stock has ceased trading on the Nasdaq, marking the firm’s transition to a private entity. The new collaborative leadership aims to invest in technologies and capabilities that will enhance the services offered to clients globally.
MWN-AI** Analysis
Heidrick & Struggles' recent completion of a $1.3 billion take-private transaction, backed by Advent International and Corvex Private Equity, positions the company for significant future growth. This strategic move allows Heidrick & Struggles to enhance its focus on leadership advisory and talent solutions without the pressures of public market scrutiny.
From an investment perspective, the involvement of seasoned firms like Advent and Corvex signals confidence in Heidrick's leadership and operational capabilities. Advent, with a proven track record in transforming companies, combined with Corvex's hands-on investment approach, suggests that Heidrick will benefit from enhanced operational efficiencies and growth strategies designed to capitalize on current market trends and client needs.
Investors should monitor several key factors following this transition. First, the integration of new capital will likely support advancements in technology and capabilities, thereby improving service offerings and operational effectiveness. Success in these areas can lead to increased market share and client retention.
Additionally, the appointment of Carmine Di Sibio, a high-profile figure in corporate leadership, is a strategic decision aimed at leveraging his extensive experience to guide the company through its evolutionary phase. Stakeholders should consider how the insights and networks he brings can enhance Heidrick’s position as a leader in the executive search market.
However, the transition to a private entity introduces both opportunities and risks. While the company may enjoy greater operational flexibility, there are inherent risks associated with private ownership, including the need for sustainable revenue streams without periodic market assessments.
In summary, investors should view this transaction as a robust opportunity for growth, particularly if Heidrick successfully executes its multi-year strategy under its new ownership structure. Continued analysis of operational performance, client engagement, and market conditions will be essential to gauge the long-term success of this strategic shift.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Heidrick & Struggles Completes Take-Private Transaction Backed by Advent International, Corvex Private Equity and a Global Network of Strategic Investors
PR Newswire
Participating strategic investors and investment firms include Salem Capital Management, Mousse Partners, TF Cornerstone, HighSage Ventures, and Barcliff Partners
CHICAGO, Dec. 10, 2025 /PRNewswire/ -- Heidrick & Struggles International, Inc. ("Heidrick & Struggles" or the "Company"), a premier provider of global leadership advisory and on-demand talent solutions, today announced the successful completion of its previously announced transaction to become a privately held company through the acquisition by a consortium of investors led by Advent International, ("Advent") and Corvex Private Equity ("Corvex"), with support from a global network of prominent strategic investors including Salem Capital Management, Mousse Partners, TF Cornerstone, HighSage Ventures, and Barcliff Partners.
Valued at approximately $1.3 billion, the transaction creates a foundation for Heidrick & Struggles to execute an ambitious multi-year growth strategy. The move marks one of the most consequential transformations in the Company's 70-year history, positioning it to further scale and accelerate its ability to develop differentiated, deep and durable global client relationships. Heidrick & Struggles will continue to operate under its current brand and remains deeply committed to helping organizations build thriving leadership teams.
In connection with the closing, the Company intends to appoint Carmine Di Sibio, Operating Partner at Advent and Former Global Chair and CEO of EY, as Chairman of the Board of Managers. Other board members will include Heidrick & Struggles CEO Tom Monahan, representatives from Advent, Corvex, the strategic investors, and independent directors who bring deep expertise across leadership, professional services, technology, and global talent markets.
"Today marks a pivotal milestone for Heidrick & Struggles," said Tom Monahan, Chief Executive Officer. "With the support of Advent International, Corvex Private Equity, a distinguished network of long-term investors, and substantial investment from Heidrick & Struggles partners and leaders, we will be positioned to create even more value for our clients and our colleagues. This new platform will allow us to strengthen our world-class search business and the critical advisory and talent solutions our clients rely on. I'm grateful to our outgoing Board for their leadership and for positioning us for long-term success. For our clients and our people, our commitment and day-to-day operations remain unchanged."
"We are thrilled to formally complete this partnership and are eager to begin supporting this next phase of Heidrick & Struggles' evolution," said John DiCola, Managing Director at Advent International. "We see meaningful opportunity to advance the Company's growth strategy and enhance its position as a global leader in talent and advisory solutions, rooted in the strength of Heidrick & Struggles' high-caliber people and their unwavering dedication to clients."
"We are proud to support management and Heidrick & Struggles' world-class talent in this landmark partnership transaction," said Joe Costa, Managing Partner of Corvex Private Equity. "We, alongside Advent and our strategic investment partners, have deep conviction in the Company's significant growth opportunity. We look forward to investing in new technologies and capabilities that amplify the meaningful value Heidrick & Struggles' exceptional people deliver to clients around the world."
In addition to Advent, Corvex, and the strategic investor group, certain Heidrick & Struggles leaders and partners have committed to a substantial co-investment as part of the transaction. Moreover, the new capital structure supports a new, wholly incremental, partner and leader equity plan, aligning ownership and partners in support of the Company's ambitions for client impact and colleague opportunity.
With the completion of the transaction, Heidrick & Struggles' common stock has ceased trading on the Nasdaq Global Select Market.
About Heidrick & Struggles
Heidrick & Struggles is the world's foremost advisor on executive leadership, driving superior client performance through premier human capital leadership advisory services. For more than 70 years, we've delivered value for our clients by leveraging unrivaled expertise to help organizations discover and enable outstanding leaders and teams. Learn more at www.heidrick.com.
About Advent International
Advent is a leading global private equity investor committed to working in partnership with management teams, entrepreneurs, and founders to help transform businesses. With 16 offices across five continents, we oversee more than USD $100 billion in assets under management* and have made more nearly 440 investments across 44 countries.
Since our founding in 1984, we have developed specialist market expertise across our five core sectors: business & financial services, consumer, healthcare, industrial, and technology. This approach is bolstered by our deep sub-sector knowledge, which informs every aspect of our investment strategy, from sourcing opportunities to working in partnership with management to execute value creation plans. We bring hands-on operational expertise to enhance and accelerate businesses.
As one of the largest privately-owned partnerships, our 675+ colleagues leverage the full ecosystem of Advent's global resources, including our Portfolio Support Group, insights provided by industry expert Operating Partners and Operations Advisors, as well as bespoke tools to support and guide our portfolio companies as they seek to achieve their strategic goals.
To learn more, visit our website or connect with us on LinkedIn.
*Assets under management (AUM) as of June 30, 2025. AUM includes assets attributable to Advent advisory clients as well as employee and third-party co-investment vehicles.
About Corvex Private Equity
Founded in 2010 by Keith Meister, Corvex Management LP invests in high-quality businesses with positive secular tailwinds, partnering with management and boards to support long-term shareholder value. Corvex takes an owner-operator mindset, engaging collaboratively with key stakeholders and brings deep corporate governance expertise from experience serving on dozens of public boards, including MGM Resorts, Illumina, Yum! Brands, and Motorola Solutions, among others. Corvex Private Equity ("Corvex PE") was co-founded in 2024 by Joe Costa to make concentrated investments in small to medium-sized companies. Corvex PE seeks to invest in durable franchises with deep customer relationships, partnering with management teams and aligned investors to drive long-term value.
Media Contact
Bianca Wilson
Global Director, Public Relations
Heidrick & Struggles
[email protected]
SOURCE Heidrick & Struggles
FAQ**
How will the take-private transaction of Heidrick & Struggles International Inc. (HSII) by Advent International and Corvex Private Equity enhance its competitive position in the global leadership advisory market?
What are the specific multi-year growth strategies that Heidrick & Struggles International Inc. (HSII) plans to execute following its transition to private ownership?
How will the new capital structure and partner equity plan impact the long-term operational goals of Heidrick & Struggles International Inc. (HSII) and its commitment to client service?
In what ways will the leadership changes, including the appointment of Carmine Di Sibio as Chairman, influence the strategic direction of Heidrick & Struggles International Inc. (HSII) moving forward?
**MWN-AI FAQ is based on asking OpenAI questions about Heidrick & Struggles International Inc. (NASDAQ: HSII).
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