AlixPartners is global consulting firm specialising in improving corporate financial and operational performance, executing corporate turnarounds and providing litigation consulting, forensic accounting and IT/information management services, primarily in urgent, high-impact situations.
Transforming the business transformers
Transforming the business transformers
A shared international ambition
AlixPartners has more than three decades of operating history and extensive experience working with leading Fortune 500 and middle-market companies in the Americas, Europe, the Middle East and Africa and Asia. In 2011, the firm's management and its founder, Jay Alix, sought an investor who could help accelerate growth in many of its European and Asian markets.
CVC, with its scale, extensive footprint, existing portfolio and deep executive and advisor relationships, was selected as AlixPartners' investment partner. As well as a collective ambition to expand internationally, the partnership team shared the ability to move at speed, to make big decisions and to bring a personal and professional commitment to the business.
Our unique approach… has been key to our success. We are very grateful to CVC who shared our vision and played an integral role in the firm's growth over the last four and a half years.
Simon Freakley CEO, AlixPartners
Value creation strategy to build a better business
CVC acquired a majority stake in AlixPartners in June 2012 and, following a management and organisational assessment and redesign, a strategic plan was developed to position the company for sustained growth and scalability.
- CVC actively supported expansion across AlixPartners' industry specialities, sectors and geographies, leveraging its network and global presence to boost international growth, recruitment and business development
- An acquisition programme was set in motion and a dedicated resource hired to manage three successful in-fill and niche acquisitions
- CVC played a pivotal role in the firm's financing and refinancing arrangements
During CVC's four-year period of ownership, AlixPartners grew from 950 to 1,600 professionals and expanded its offices from 17 to 25 across four continents.
Having remained in close partnership with CVC throughout ownership, in 2016, Jay Alix agreed an exit strategy with CVC that would allow him to maintain both a board and a minority equity position in the firm. Options were considered collaboratively and ultimately, Jay Alix hand-picked three long-term investors to join him in a consortium that would oversee the next phase of the firm's growth.