Going Private • Staffing

Advent International and Corvex Private Equity Acquire Heidrick & Struggles International

On October 6, 2025, private equity firms Advent International and Corvex Private Equity acquired staffing company Heidrick & Struggles International for 1.3B USD

Acquisition Context
  • This is Advent International’s 2nd and Corvex Private Equity’s 1st transaction in the Staffing sector.
  • This is Advent International’s 22nd and Corvex Private Equity’s largest (disclosed) transaction.
  • This is Advent International’s 106th and Corvex Private Equity’s 1st transaction in the United States.
  • This is Advent International’s 8th and Corvex Private Equity’s 1st transaction in Illinois.

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M&A Deal Summary

Date October 6, 2025
Target Heidrick & Struggles International
Sector Staffing
Buyer(s) Advent International
Corvex Private Equity
Deal Type Going Private
Deal Value 1.3B USD
Advisor(s) BofA Securities (Financial)
Paul Hastings (Legal)

Target Company

Heidrick & Struggles International

Chicago, Illinois, United States
Heidrick & Struggles International serves the executive talent and leadership needs of the world's top organizations as the provider of leadership consulting, culture shaping and senior-level executive search services. Heidrick & Struggles International was founded in 1953 and is based in Chicago, Illinois.
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Buyers Overview 2

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


Deal Context for Buyer #
Overall 353 of 353
Sector: Staffing 2 of 2
Type: Going Private 23 of 23
State: Illinois 8 of 8
Country: United States 106 of 106
Year: 2025 12 of 12
Size (of disclosed) 22 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-11 Zentiva

Prague, Czech Republic

Zentiva is a generics pharmaceutical company, offering generic medicines across all key therapeutic areas. Zentiva is based in Prague, Czech Republic.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-04 Lanteris Space Systems

Palo Alto, California, United States

Lanteris Space Systems provides engineering and manufacturing services for satellite structures and components. The Company develops mechanical systems, payload mounts, and spacecraft structures for use in commercial, government, and defense missions. Lanteris Space System is headquartered in Palo Alto, California.

Sell $800M
DESCRIPTION

Corvex Private Equity was founded to make concentrated investments in small to medium-sized companies throughout the US. Corvex PE seeks to invest in durable franchises with deep customer relationships, partnering with management teams and aligned investors to drive long-term value. Corvex Private Equity was formed in 2024 and is based in New York, New York.


Deal Context for Buyer #
Overall 1 of 1
Sector: Staffing 1 of 1
Type: Going Private 1 of 1
State: Illinois 1 of 1
Country: United States 1 of 1
Year: 2025 1 of 1
Size (of disclosed) 1 of 1