AlixPartners, LLP, the global business advisory firm, and CVC Capital Partners (“CVC”) today announced they have agreed to a recapitalization by which funds affiliated with CVC will purchase majority ownership of AlixPartners. AlixPartners’ 125 Managing Directors will maintain a considerable equity stake in the enterprise. The transaction is subject to customary closing conditions and is expected to close this summer.
Terms of the transaction were not disclosed. Hellman & Friedman made a significant investment in AlixPartners in 2006; as part of that transaction, Jay Alix, who founded the firm in 1981, transferred a substantial portion of his interest. He will maintain a substantial minority stake in the firm.
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