Korn Ferry (NYSE: KFY) shares began Tuesday higher on announcing the completion of its acquisition of UK-headquartered AMS from OMERS Private Equity.
As AMS now joins Korn Ferry, it brings together two iconic brands to create a global leader in talent and organizational consulting. And at the heart of this combination is a shared belief: people are the catalyst for organizational success.
Together, Korn Ferry and AMS offer one of the most comprehensive organizational and talent solutions portfolios in the world. The combined firm has nearly 17,000 colleagues in more than 130 offices across the globe, complementary strengths and more expansive industry coverage, with a shared commitment to driving business performance.
AMS brings profound operational capability, delivering technology-enabled talent solutions at scale, supported by long-term contracted client relationships.
In accordance with the terms of the acquisition agreement and in the context of the lock-box structure of the transaction, at the closing, Korn Ferry (i) paid a combination of approximately £473 million and $326 million in cash (as consideration to the sellers, in repayment of AMS’s indebtedness, and in satisfaction of other AMS transaction obligations) and (ii) issued 3,118,628 shares of Korn Ferry common stock to the sellers.
KFY shares captured 53 cents to $85.96.
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