A group led by the firm’s founder, Jay Alix, has agreed to acquire ownership stakes from CVC Capital Partners. On November 6, global advisory firm AlixPartners announced that a group led by the firm’s founder, Jay Alix, and three leading global investors, has agreed to acquire ownership stakes in the business from CVC Capital Partners. Willkie represented Jay Alix in the transaction, which values AlixPartners at more than $2.5 billion. The new ownership structure will include Caisse de dépôt et placement du Québec, Public Sector Pension Investment Board and Investcorp Group, together with founder and current shareholder Jay Alix. AlixPartners’ managing directors will continue to hold a significant stake in the firm and have access to a new equity system. Founded in 1981, AlixPartners works with clients to help them restore, grow and create sustainable value in high-impact situations. Its services comprise performance improvement; turnaround and restructuring; investigations, disputes and risk; digital transformation; and transformative leadership. CVC acquired a majority stake in AlixPartners in 2012. The firm has since grown from 950 to more than 1,600 professionals and expanded from 17 to 25 offices on four continents. The Willkie deal team was led by partners Thomas Cerabino and Adam Turteltaub, and included partners Laura Delanoy, Jordan Messinger, Hillel Jacobson, Viktor Okasmaa and David Tayar; UK partner Henrietta de Salis; senior counsel Richard Reinhold; counsel Jonathan Konoff; and associates Laura Acker, Frances Dales, Erin Kinney, Halie Klein, Kapiljeet Dargan and Geri Anne McEvoy.