Advent International and Corvex Private Equity completed the acquisition of Heidrick & Struggles for $1.3bn.

Private equity firms Advent International and Corvex Private Equity completed the acquisition of Heidrick & Struggles, a global leadership advisor, with participation from Salem Capital Management, Mousse Partners, TF Cornerstone, HighSage Ventures, and Barcliff Partners, for $1.3bn. “With the support of Advent International, Corvex Private Equity, a distinguished network of long-term investors, and substantial investment from Heidrick & Struggles partners and leaders, we will be positioned to create even more value for our clients and our colleagues. This new platform will allow us to strengthen our world-class search business and the critical advisory and talent solutions our clients rely on. I’m grateful to our outgoing Board for their leadership and for positioning us for long-term success. For our clients and our people, our commitment and day-to-day operations remain unchanged,” Tom Monahan, Heidrick & Struggles Chief Executive Officer.