CVC's AlixPartners picks up Zolfo Cooper

According to unquote" sister title Accountancy Age, the deal is thought to be worth $100m (£65m).

Zolfo Cooper Europe offers a range of specialist business advisory services including restructuring, pensions advisory, forensic and litigation support, debt advisory and corporate finance to companies and stakeholders.

Following the deal, AlixPartners will take on Zolfo Cooper Europe's 200 senior professionals, including 19 managing directors. Zolfo Cooper Europe operates from offices in London, Birmingham, Leeds, Manchester and Glasgow – all of which will be brought into AlixPartners.

The combined entity will count 600 employees. Zolfo Cooper Europe will be rebranded as AlixPartners across all of its offices and practice areas.

CVC acquired AlixPartners in April 2012 from previous backers Hellman & Friedman, in a deal thought to be worth $1bn.

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• Topics
• Advisory
• Portfolio management
• CVC Capital Partners