New York-headquartered global advisory firm AlixPartners will acquire restructuring specialist Zolfo Cooper Europe for around $100 million (£64.9 million; €87.7 million), PDI understands.
AlixPartners approached turnaround firm Zolfo Cooper Europe and the deal has been ongoing for around 12 months. Partners at Zolfo Cooper Europe have agreed to stay with the firm for five years’ minimum as part of the merger.
