08:55 AM EDT, 10/06/2025 (MT Newswires) -- Heidrick & Struggles International ( HSII ) said Monday it entered into a definitive agreement to be acquired by a consortium of investors led by Advent International and Corvex Private Equity for about $1.3 billion in cash.

Under the terms of the agreement, Heidrick stockholders will receive $59 per share in cash, the company said.

Upon transaction completion, expected in Q1 2026, Heidrick will become a private company and will continue to be led by Chief Executive Tom Monahan, President Tom Murray, and its current leadership team, the company said.

Heidrick said that the investor consortium includes several family offices and will include a "significant investment from many Heidrick leaders."