Korn Ferry completed its £850 million acquisition of UK-based AMS from OMERS Private Equity on September 1. The deal combines two well-reputed brands into a leading business within the global talent and organizational consulting space, giving Korn Ferry broader market reach and coverage spanning several new industries. At closing, Korn Ferry paid approximately £473 million and $326 million in cash, covering consideration to the sellers, repayment of AMS indebtedness and other transaction obligations, and issued 3,118,628 Korn Ferry shares to the sellers, financed through a mix of existing cash, share issuance and borrowings. The acquisition extends Korn Ferry's growth trajectory, which included a sixth consecutive quarter of topline growth and 9% growth in adjusted diluted EPS of $1.43 in its recently announced first quarter results. The deal carries liquidity constraints from the significant cash outflow and dilution risk from the new shares issued, while retaining AMS's long-term client agreements depends on sustaining service standards through the transition.
Korn FerryKorn Ferry completed its £850 million acquisition of AMS, expanding market reach and extending its growth trajectory.
AMS Public Transport Holdings LtdOMERS Private Equity sold UK-based AMS to Korn Ferry for £850 million, exiting its investment.
