Heidrick & Struggles Agrees to Go Private in $1.3 Billion Deal

Heidrick & Struggles International, Inc., a renowned global leadership advisory firm, has announced an agreement to be acquired by a consortium led by Advent International and Corvex Private Equity. The transaction is valued at approximately $1.3 billion in cash. Shareholders will receive $59.00 per share, a premium of 26% over the company's recent average share price.

This move will transition Heidrick from a publicly traded entity to a private company, enabling enhanced focus and investment capabilities in leadership and talent solutions. The acquisition is expected to be finalized by the first quarter of 2026, subject to shareholder and regulatory approval.

Heidrick's CEO, Tom Monahan, sees the partnership with Advent and Corvex as an opportunity to drive significant growth and value creation. The company plans to leverage the consortium's resources to expand its offerings and global presence.