AlixPartners to Acquire Zolfo Cooper to Expand Restructuring (1)

AlixPartners LLP is combining forces with Zolfo Cooper LLP in the latest effort to expand the firm’s global turnaround and restructuring practice.

The global consulting firm agreed to acquire Zolfo, the financial advisory and interim management firm, in a transaction that’s expected to close in the fourth quarter of this year. The terms weren’t announced. Combined, the firm’s global turnaround and restructuring division will include around 350 senior professionals, including 66 managing directors, according to a company statement.

New York-based AlixPartners is the latest firm to pair up with an existing financial adviser in the restructuring space, after Guggenheim Partners ...