Heidrick & Struggles to be Acquired for $1.3 Billion

By Ahmed Jameison • Monday, October 06 15:46 • Permanent Link

Heidrick & Struggles International, Inc. (NASDAQ: HSII) has recently announced a definitive agreement to be acquired by a consortium of investors led by Advent International and Corvex Private Equity, with the transaction valuing the company's equity at approximately $1.3 billion. Under the terms of the agreement, Heidrick stockholders will receive $59.00 per share in cash, representing a premium of approximately 26% to Heidrick’s 90-day volume-weighted average price per share.

The transaction, which was unanimously approved by the Heidrick board of directors, is expected to close by the first quarter of 2026, subject to the approval of the company’s stockholders and the satisfaction of required regulatory approvals and other customary closing conditions. Upon closing, Heidrick will become a private company and its common stock will no longer be listed nor traded on the NASDAQ stock market or any public exchange.

Following the transaction, the company will continue to maintain its headquarters in Chicago, Illinois, and will operate under the Heidrick & Struggles name and brand. The consortium of investors acquiring Heidrick will include a significant investment from many Heidrick leaders and several prominent family offices.

Advent International is a leading global private equity investor with 16 offices across five continents and over $100 billion in assets under management. Corvex Private Equity, co-founded in 2024 by Joe Costa, seeks to make concentrated investments in small to medium-sized companies, partnering with management teams and aligned investors to drive long-term value.

Heidrick & Struggles, a premier provider of global leadership advisory and on-demand talent solutions, has been a trusted advisor to high performing organizations for over 70 years. The company offers services in executive search, inclusion, leadership assessment and development, organization and team acceleration, culture shaping, and on-demand, independent talent solutions.

The transaction is a pivotal moment for Heidrick & Struggles, representing an exciting new chapter in the company's growth story and a tremendous opportunity to join forces with an investment consortium led by Advent International and Corvex Private Equity. Today the company's shares have moved 19.66% to a price of $58.25. For the full picture, make sure to review HEIDRICK & STRUGGLES INTERNATIONAL INC's 8-K report.

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