Advent International and Corvex Management Complete Acquisition of Heidrick & Struggles for $1.3 Billion

Advent International and Corvex Management LP have completed the acquisition of Heidrick & Struggles International for $1.3 billion. The consortium will pay $59 per share and the transaction is expected to close by Q1 2026. The new owners will include significant investments from Heidrick leaders and family offices. The deal was funded through debt financing and equity commitments, with BofA Securities serving as financial advisor. Heidrick will continue to operate under the same name and brand, with its headquarters in Chicago.