Heidrick & Struggles International INC

Market Movers (8-K)

Heidrick & Struggles International, Inc. has completed its take-private merger, delisting from Nasdaq and becoming a wholly-owned subsidiary of Heron BidCo, LLC.
Capital raise
Heidrick & Struggles International, Inc. stockholders approved the merger agreement but rejected the advisory executive compensation proposal at a special meeting.
Heidrick & Struggles International, Inc. announced the expiration of the HSR Act waiting period, satisfying a key condition for its merger with Heron BidCo, LLC.
Capital raise
Heidrick & Struggles reported strong third-quarter 2025 financial results with 15.9% revenue growth, exceeding its outlook, while also announcing a definitive agreement to be taken private for $59.00 per share.
Better than expected
Heidrick & Struggles International, Inc. will be acquired by an investor consortium led by Advent International and Corvex Private Equity for $59.00 per share in an all-cash transaction valued at approximately $1.3 billion.
Better than expected
Capital raise
Heidrick & Struggles International, Inc. reported strong second quarter 2025 financial results, with net revenue increasing 13.9% year-over-year and adjusted diluted earnings per share rising to $0.85.
Better than expected

Quarterly Earnings (10-Q)

Heidrick & Struggles International, Inc. reported significant revenue and net income growth for Q3 and the first nine months of 2025, alongside a definitive agreement to be acquired by Heron BidCo, LLC for $59.00 per share in cash.
Better than expected
Heidrick & Struggles International, Inc. reported significant revenue growth and a return to profitability in the second quarter and first half of 2025, driven by strong performance across all segments.
Better than expected
Heidrick & Struggles reports a 6.8% increase in total revenue and a 12.6% increase in Adjusted EBITDA for the first quarter of 2025.
Heidrick & Struggles International, Inc. announced its third-quarter 2024 results, showing revenue growth but also significant impairment and restructuring charges.
Worse than expected
Heidrick & Struggles experienced a slight revenue increase in Q2 2024, but faced significant impairment and restructuring charges impacting profitability.
Worse than expected
Heidrick & Struggles saw a revenue increase in Q1 2024, but experienced a decrease in net income compared to the same period last year.
Worse than expected

Annual Reports (10-K)

Heidrick & Struggles saw a revenue increase in 2024, but also recorded significant goodwill impairment charges, impacting overall profitability.
Worse than expected
Heidrick & Struggles has formalized employment terms for its new CEO and President, including base salaries, bonus eligibility, and equity awards.

Insider Trading (Form 4)

A director of Heidrick & Struggles International Inc. cashed out 6,152 restricted stock units for $59.00 per unit as part of a merger agreement.
Heidrick & Struggles CEO Thomas L. Monahan converted his common stock, restricted stock units, and performance share units into cash following the company's merger with Heron BidCo, LLC.
Heidrick & Struggles International Inc. President Thomas J. Murray III disposed of common stock and equity awards as part of the company's merger, receiving $59.00 per share in cash.
Heidrick & Struggles' Chief Legal Officer, Tracey Heaton, disposed of common stock and equity awards as part of the company's merger with Heron BidCo, LLC, receiving $59 per share.
Heidrick & Struggles Director John L. Berisford disposed of 12,279 restricted stock units for $59.00 each following the company's merger.
Heidrick & Struggles director Timothy L. Carter disposed of 6,152 restricted stock units for $59.00 per unit following the company's merger with Heron Merger Sub, Inc.

Proxy Statements (Def-14A)

Heidrick & Struggles International, Inc. stockholders are invited to a special meeting on December 5, 2025, to vote on a $59.00 per share all-cash merger agreement with affiliates of Advent International and Corvex PE Advisors.
Better than expected
Capital raise
Heidrick & Struggles reassures employees on compensation, benefits, and growth strategy following its acquisition by Advent/Corvex.
Delay expected
Capital raise
Heidrick & Struggles International, Inc. will be acquired by an investor consortium led by Advent International and Corvex Private Equity for $59.00 per share, returning the company to private ownership.
Capital raise
Heidrick & Struggles International, Inc. will be acquired by an investor consortium for $59.00 per share in cash, returning the company to private ownership.
Better than expected
Capital raise
Heidrick & Struggles achieved solid growth in 2024 with a 7.0% increase in consolidated net revenue and is focused on developing differentiated client relationships.
Worse than expected
Heidrick & Struggles is seeking stockholder approval for the Fifth Amended and Restated 2012 GlobalShare Program (GSP) to secure and retain key personnel and incentivize their performance.

Schedule 13D - Activist Investments

MAK Capital Fund LP and affiliates have disclosed a 5.8% beneficial ownership in Heidrick & Struggles International Inc., agreeing to support a pending merger and abide by a standstill agreement.

Schedule 13G - Passive Investments

Renaissance Technologies LLC and Renaissance Technologies Holdings Corporation have reported a complete divestment of their beneficial ownership in Heidrick & Struggles International Inc.
Worse than expected
Dimensional Fund Advisors LP disclosed a 5.4% passive ownership stake in Heidrick & Struggles International Inc, holding 1,120,677 common shares.
BlackRock, Inc. has filed an amended Schedule 13G, disclosing its beneficial ownership of 15.8% of the common stock of Heidrick & Struggles International Inc. as of March 31, 2025.
MAK Capital Fund LP, MAK Capital One L.L.C., and Michael A. Kaufman have jointly disclosed beneficial ownership of 5.27% of Heidrick & Struggles International Inc.'s common stock.