Heidrick & Struggles completes take-private transaction, ceases Nasdaq trading

Heidrick & Struggles 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 and Corvex Private Equity, 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 $1.3B, the transaction creates a foundation for Heidrick & Struggles to execute an ambitious multi-year growth strategy. 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. With the completion of the transaction, Heidrick & Struggles’ common stock has ceased trading on the Nasdaq Global Select Market.