Story perspectives
Advent and Corvex to Acquire Heidrick for $1.3B
10/6/2025
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Story summary
- Advent International and Corvex Private Equity will acquire Heidrick & Struggles International for $1.3 billion in cash, taking it private.
- Stockholders will receive $59.00 per share, a 26% premium to 90-day average price.
- Ropes & Gray is advising Advent on the agreement, announced October 6, 2025.
- CEO Tom Monahan will remain; the deal is slated to close by Q1 2026.
