Investcorp completes acquisition of stake in global advisory firm AlixPartners

27 Feb 2017

Investcorp, a global provider and manager of alternative investment products, has completed its acquisition of a stake in AlixPartners (or “the Company), 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.

Mohammed Al-Shroogi, Co-CEO at Investcorp, said, “AlixPartners has a solid business model, which is focused on helping blue chip companies around the world become more competitive through every stage of the business cycle. Investcorp has known AlixPartners and the value it creates for its clients for a very long time and we are pleased to have the opportunity to be a part of its future. Alongside Jay Alix, our partner investors and the Company’s Managing Directors, I am confident that we will be able to help AlixPartners continue expanding around the world and add even greater depth to its capabilities.”

Commenting on the deal, Fahad Murad, Managing Director at Investcorp in Bahrain, said, “AlixPartners is renowned for its senior team of advisers, who each bring extensive industry as well as consulting experience. We have already established an excellent partnership and I expect us to work closely as AlixPartners pursues a range of exciting growth opportunities.”

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 $1 billion, I believe that AlixPartners is on a great trajectory.”