Heidrick & Struggles To Acquire Consulting Firms RosExpert, WE Partners For Undisclosed Sum

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.

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