The Caisse de dépôt et placement du Québec and the Public Sector Pension Investment Board are among a group of investors that has acquired the global advisory firm AlixPartners from the private equity firm CVC Capital Partners for more than $2.5 billion.
“The resilient nature of [AlixPartners’] activities and its strongly diversified business model make it an attractive investment for CDPQ,” Roland Lescure, chief investment officer and head of private equity at Caisse, said in a release.
“By working with partners that share our long-term vision, we aim to support AlixPartners’ growth for many years to come and help further expand the firm’s footprint and capabilities.”
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“The firm has a leading market position, tremendous opportunity for further expansion, and, importantly to us, an outstanding entrepreneurial culture that will drive its continued success,” said Guthrie Stewart, senior vice-president and global head of private investments at PSP Investments.
The other members of the group are the alternative investment provider Investcorp and the founder of AlixPartners Jay Alix. The organization’s managing directors will continue to hold a significant stake in the firm and will have access to a new equity system.
The New York-based firm was founded in 1981 and employs 1,600 professionals in 25 offices on four continents.