Advent(US:ADN) Prnewswire·2025-12-10 13:45Core Insights - Heidrick & Struggles has successfully transitioned to a privately held company through an acquisition led by Advent International and Corvex Private Equity, supported by a consortium of strategic investors [1][2][4] - The transaction is valued at approximately $1.3 billion and aims to facilitate a multi-year growth strategy for the company, marking a significant transformation in its 70-year history [2][4] - The company will continue to operate under its current brand and maintain its commitment to helping organizations build effective leadership teams [2][4] Company Leadership and Governance - Carmine Di Sibio, Operating Partner at Advent and former Global Chair and CEO of EY, will be appointed as Chairman of the Board of Managers [3] - The board will include Heidrick & Struggles CEO Tom Monahan, representatives from Advent, Corvex, strategic investors, and independent directors with expertise in leadership and global talent markets [3] Strategic Vision and Investment - The partnership is expected to enhance Heidrick & Struggles' growth strategy and solidify its position as a global leader in talent and advisory solutions [4] - Significant co-investment from Heidrick & Struggles leaders and partners is part of the transaction, supporting a new equity plan that aligns ownership with the company's ambitions [4] Market Impact - Following the completion of the transaction, Heidrick & Struggles' common stock has ceased trading on the Nasdaq Global Select Market [5]