AlixPartners $435 million credit facility targeted to launch Thursday

By Sara Rosenberg

New York, Sept. 11 - AlixPartners LLC is targeting a bank meeting on Thursday to launch its proposed $435 million credit facility, according to a market source.

Lehman and Deutsche Bank are the lead banks on the deal, with Lehman the left lead.

The facility consists of a $50 million revolver and a $385 million term loan B, the source said.

Proceeds will be used to help fund the acquisition of the company by Hellman & Friedman LLC. AlixPartners' 78 managing directors, along with the remainder of its more than 500 employees, also will gain a considerable equity stake in the enterprise.

The transaction puts the total enterprise value of the firm in excess of $800 million.

AlixPartners is a Southfield, Mich., provider of operational management, risk evaluation, corporate restructuring, and legal and financial advisory services to underperforming and troubled companies.

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