The Turnaround At Heidrick & Struggles International Might Catch The Attention Of Private Equity Buyers - Again
John Leonard • Thu, Mar. 20
- Heidrick & Struggles International is undervalued due to lingering uncertainty as a result of the CEO departure last year and decision not to sell itself to private equity buyers.
- The high consultant turnover and leadership vacuum are in the rear view while recent quarterly results (with the EBITDA margin almost tripling) are a sign the turnaround is on track.
- Growth should accelerate as it leverages a leading position in a niche market and strong balance sheet to take advantage of increasing demand.