ALIXPARTNERS, the US advisory firm, has completed its acquisition of Zolfo Cooper Europe in a deal thought to be around $100m (£65m).
The deal expands AlixPartners’ UK and continental European practice and will add 200 senior professionals to its operations across the region. Operating from offices in London, Birmingham, Leeds, Manchester, and Glasgow the arrival of the Zolfo Cooper team will create a regional practice of close to 600 people.
Zolfo Cooper Europe – which operated as a separate entity to its US affiliate but uses the same name under licence will be rebranded AlixPartners effective from today, across all its offices and practice areas.
“The mutual attraction between our two firms is based on similarities in culture and commitment, and a common ethos to answer to our clients’ most urgent challenges, finding solutions where none seem to exist,” said Fred Crawford, CEO of AlixPartners.
Terms of the deal were not disclosed, but the takeover of Zolfo’s UK business is expected to result in significant payouts for its partners.