- Consulting firms - ABC
- 01 July 2014
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AlixPartners is a hybrid company that presents itself as a restructuring consultant. Difficult to dig without knowing anyone there as very little information is available, and ultimately none on France. The company does not publish its results and only has an American corporate site.
Founded by Jay Alix in 1981, the firm changed hands in March 2012. Following a 2006 recapitalization operated by the US fund Hellman & Friedman alongside management, it was CVC Capital Partners that took over the reins of a company then valued around one billion dollars. The directors and Jay Alix retained only a minority stake. As far as French management goes, this rather singular shareholding is not an issue, the company is doing very well, dividends are trending upwards, everything is normal...
Its main competitor on a global level is Alvarez & Marsal, another leading restructuring consultancy, primarily a financial activity, highly operational, consisting of making cash available on a very short term to enable the continuation of activity. These high-flying interventions can be compared to the interim management by former CFOs of large groups, result-oriented adventurers.
In France, behind the marketing aspect of “restructuring”, the office of fifty consultants established in 2006 by Yahya Daraaoui, Eric Bernardini and Laurent Petizon actually frequently intervenes on general management missions, typical of what AT Kearney might do (and a number of Parisians partners come from there), but with a nice big difference: the profile of the teams. Because at Alix there are no, or at least very few, junior consultants. What is being sold ismaturity, partners working on projects, gray hair, content, action. An alternative positioning likely to bring real value to customers in need of experienced consultants.
11 Managing Directors:
Last updated: September 2015
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