- Heidrick & Struggles International, Inc. HSII has agreed to acquire executive search and leadership consulting firms RosExpert in Russia and WE Partners in the Ukraine and Kazakhstan. Financial terms were not disclosed.
- WE Partners estimates revenue by the end of 2021 to grow by 25% to $2.0 million.
- With these acquisitions, Heidrick & Struggles expects to offer a broader range of offerings and capabilities to local and multinational clients in Russia, Ukraine, and Kazakhstan. The transaction is expected to close in 1Q22.
- Heidrick & Struggles held cash and equivalents of $348.3 million as of September 30, 2021.
- Price Action: HSII shares closed lower by 3.4% at $42.31 on Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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