Investcorp, a global provider and manager of alternative investment products, yesterday said that it has completed acquisition of a stake in AlixPartners, a leading global financial and operational consulting firm.
Investcorp acquired its stake in AlixPartners alongside a consortium of investors that included Jay Alix, the founder of AlixPartners. AlixPartners’ Managing Directors will continue to hold a significant stake in the Company. Founded in 1981, AlixPartners works with clients to help them restore, grow and create sustainable value, in high-impact situations. Its services comprise performance improvement; turnaround and restructuring; investigations, disputes and risk; digital transformation; and transformative leadership. AlixPartners is composed of over 1,600 professionals, spread across 27 offices on four continents. Commenting on the deal, Johannes Glas (pictured), Managing Director at Investcorp in Qatar, said, “AlixPartners is one of the leading names in the consulting world. With a highly experienced team in place, we are confident that AlixPartners will be able to grow further in terms of geographical reach.”
Simon Freakley, Chief Executive Officer of AlixPartners, said: “We are delighted to welcome Investcorp and our other new strategic investors. Their commitment will allow us to continue to grow our business and best serve our clients. We are now in our 35th year and, with revenues of $1bn, I believe that AlixPartners is on a great trajectory.”
