Buyout (LBO, MBO, MBI) • Financial Services

Hellman & Friedman Acquires AlixPartners

On August 4, 2006, private equity firm Hellman & Friedman acquired financial services company AlixPartners

Acquisition Context
  • This is Hellman & Friedman’s 6th transaction in the Financial Services sector.
  • This is Hellman & Friedman’s 19th transaction in the United States.
  • This is Hellman & Friedman’s 4th transaction in New York.
Investment Fate
  • AlixPartners was sold to a consortium of financial buyers in 2012.
  • AlixPartners was sold to a consortium of financial buyers in 2016 for 2.5B USD.

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M&A Deal Summary

Date August 4, 2006
Target AlixPartners
Sector Financial Services
Buyer(s) Hellman & Friedman
Deal Type Buyout (LBO, MBO, MBI)

Target Company

AlixPartners

New York City, New York, United States
AlixPartners is a performance improvement, corporate turnaround and financial advisory services firm. The AlixPartners' 'one-stop-shop' suite of services range from financial restructuring and operational performance improvement across all major corporate disciplines (manufacturing, supply chain, IT, sales & marketing, working capital, etc.), to financial advisory services (including financial reporting, corporate governance and investigations) to technology-enabled restructuring and claims management. AlixPartners was founded in 1981 and is based in New York City, New York.
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Buyer Overview 1

Buyer

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 115.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.


Deal Context for Buyer #
Overall 25 of 90
Sector: Financial Services 6 of 12
Type: Buyout (LBO, MBO, MBI) 8 of 16
State: New York 4 of 7
Country: United States 19 of 62
Year: 2006 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 Upromise

Newton, Massachusetts, United States

Upromise, Inc. operates a multi-company loyalty program that allows members to direct their everyday purchases to selected vendors to earn cash rebates in a tax-free savings vehicle to finance their children's college education. Upromise also offers its own 529 College Savings product sponsored by the State of Nevada directly to its customers, in partnership with Vanguard. Upromise is based in Newton, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-16 Change Healthcare

Nashville, Tennessee, United States

Change Healthcare is a provider of revenue cycle management and clinical communication solutions that enables payers, providers and patients to improve healthcare business processes. Change Healthcare is based in Nashville, Tennessee.

Buy -