AlixPartners plans sale of minority stake amid booming deal frenzy
- AlixPartners has engaged Goldman Sachs to facilitate a sale of a minority stake in the consulting firm.
- The firm is significantly owned by Canadian pension funds and a private equity firm, with a smaller portion owned by its partners.
- PSP plans to sell its stake, reflecting a continuing trend of active deal-making within the professional services sector.
In recent weeks, AlixPartners, a prominent consulting firm based in Canada, has engaged financial advisers to facilitate the sale of a minority stake in the company. This move is part of a larger trend in which professional services firms are increasingly involved in deal-making activities, demonstrating robust market dynamics in the sector. Goldman Sachs has been selected to oversee the sale process, which is anticipated to commence shortly. Internal communications have confirmed that AlixPartners staff were notified of the strategic decision. The ownership structure of AlixPartners reveals that a significant majority is held by Canadian pension funds, specifically Caisse de dépôt et placement du Québec and Public Sector Pension Investment Board, alongside private equity firm Investcorp. Meanwhile, the stakeholders of the firm, including partners and founder Jay Alix, hold the remaining shares. However, it has been disclosed from a reliable source that Public Sector Pension Investment Board plans to divest its stake, prompting questions about the future direction and control of the firm. Given the ongoing high levels of activity in the market for professional services, the sale's outcome remains of considerable interest to analysts and stakeholders alike. This anticipated sale reflects wider industry trends, where firms are maneuvering to position themselves strategically amidst competitive pressures, demonstrating an evolving landscape for professional services firms in Canada and beyond.