Heidrick & Struggles Concludes Transition to Private Ownership

In a significant shift for the executive search industry, Heidrick & Struggles has finalized its departure from public markets. The move follows the completion of a billion-dollar acquisition, with the firm now operating as a private entity. Its first major industry report since the ownership change, focusing on compensation within wealth management, was released yesterday.

The acquisition, which valued the company at approximately $1.3 billion, was formally closed on December 10, 2025. Shareholders received a cash payment of $59.00 per share. The buying consortium was led by the private equity firms Advent International and Corvex Private Equity. This transaction concludes the company’s more than 25-year tenure on the Nasdaq, where it had been listed since Read more...