Firm Advises on Recapitalization of AlixPartners, LLP

April 24, 2012

Willkie represents AlixPartners founder Jay Alix in deal for funds affiliated with CVC Capital Partners to purchase a majority stake in the global business advisory firm.

On April 24, global business advisory firm AlixPartners, LLP and leading London-based private equity firm CVC Capital Partners announced they have agreed to a recapitalization whereby funds affiliated with CVC will purchase majority ownership of AlixPartners. Willkie advised AlixPartners founder Jay Alix, who will maintain a substantial minority stake in the firm. The firm’s 125 Managing Directors will also maintain a considerable equity interest. In 2006, Willkie represented Jay Alix and AlixPartners in connection the sale of a majority stake in the firm to U.S.-based private equity firm Hellman & Friedman. AlixPartners, with currently about 950 professionals in 17 offices around the world, provides comprehensive advisory services in the areas of enterprise improvement, turnaround and restructuring, financial advisory services and information management.

The deal was handled by partners Thomas Cerabino, Adam Turteltaub, Richard Reinhold and Hillel Jacobson, and associates Leah Fix and Matthew Movafaghi.