AlixPartners

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AlixPartners LLP
Type Partnership
Industry Management consulting
Founders Jay Alix
Headquarters Southfield, Michigan, United States
Number of locations 22 offices
Key people Fred Crawford (CEO)
Employees 1200+
Website AlixPartners.com

AlixPartners is a consulting firm best known for its work in the turnaround space.[1] The firm was founded by Jay Alix in 1981 in order to handle the turnaround of Electrical Specialties Co., and has since moved into a more traditional consulting space, grown to a staff of over 1200, and added office locations throughout North America, South America, Europe, and Asia.[2]

Business Structure[edit]

AlixPartners' work includes enterprise improvement consulting, financial advisory services, information management services, and executing turnarounds of distressed and healthy companies. AlixPartners has been involved in several high-profile turnaround and bankruptcy assignments including GM's Saab division,[3] Kodak,[4] Barney's New York,[5] and JC Penney.[6] The firm's managing directors are frequently cited as topic experts in business publications such as Bloomberg, the Financial Times, CNBC, and Fox Business.

Market Competitors[edit]

AlixPartners competes in the traditional consulting space with firms including McKinsey & Company, the Boston Consulting Group, and Bain & Company, they also compete with turnaround specialty firms such as FTI Consulting, Alvarez and Marsal, Capstone Advisory Group, and Hilco Global.[7][citation needed]

In 2006, private equity firm Hellman & Friedman invested in AlixPartners.[8] In 2012, CVC Capital Partners acquired AlixPartners from Hellman & Friedman.[9]

References[edit]

  1. ^ Merx, Katie. "Thinking Big Thoughts." Crain's Detroit Business 19.36 (2003): 18. Regional Business News. Web. 29 May 2013.
  2. ^ Henderson, Tom. "AlixPartners Deal Gives Equity To Firm's Managers." Crain's Detroit Business 22.32 (2006): 1. Regional Business News. Web. 29 May 2013.
  3. ^ New York Times, "G.M. Hires AlixPartners to Wind Down Saab", Jan. 8, 2009, http://dealbook.nytimes.com/2010/01/08/gm-hires-alixpartners-to-wind-down-saab/
  4. ^ New York Times, "Kodak Replaces Its Restructuring Chief", Jan 23, 2012, http://dealbook.nytimes.com/2012/01/23/kodak-replaces-its-restructuring-chief/
  5. ^ New York Times, "Barneys, Debt-Laden, Is Weighing Restructuring", Feb 8, 2012, http://dealbook.nytimes.com/2012/02/08/barneys-debt-laden-is-weighing-restructuring/
  6. ^ Penney Works With AlixPartners on Cost Savings, Wall Street Journal, April 23, 2013
  7. ^ http://www.hoovers.com/company-information/cs/company-profile.Hilco_Trading_LLC.139018ea27511665.html
  8. ^ Turnaround Firm AlixPartners Is Sold
  9. ^ M&A: July 2, 2012

External links[edit]

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