Board ApprovalThe proposed transaction has been unanimously approved by Heidrick's Board of Directors, indicating strong internal support for the acquisition.
Premium ValuationThe all-cash transaction values Heidrick at approximately $1.3 billion, offering a premium of 26% to the company’s 90-day volume-weighted average price per share.
Strategic AcquisitionThe agreement to be acquired by an investor consortium led by Advent International and Corvex Private Equity brings a unique set of financial and strategic resources to create more value for clients and colleagues.