Hay Group and Korn/Ferry International in Merger
September 24, 2015
Cleary Gottlieb is representing Goldman Sachs, as financial advisor to Hay Group in the sale of the company to Korn/Ferry International for an aggregate purchase price of approximately $452 million, consisting of (i) approximately $252 million in cash, net of estimated acquired cash and after giving effect to estimated purchase price adjustments as described in the Purchase Agreement, and (ii) $200 million in Korn/Ferry common stock. The transaction was announced on September 24, 2015 and, subject to Hay Group shareholder approval, receipt of antitrust clearance and other customary conditions, is expected to close before the end of calendar year 2015.
Korn/Ferry International is the preeminent global people and organizational advisory firm that has been recruiting world class leaders for its clients for nearly half a century.
Hay Group is a global leader with 70 years’ experience in people strategy and organizational performance and, with a solid portfolio of intellectual property including several of the world’s most comprehensive management databases, helps organizations reach their highest aspirations and strategic goals by releasing the full power and potential of their people.