Korn Ferry has agreed to acquire U.K.-based AMS from OMERS Private Equity for approximately £850 million (approximately $1.1 billion), combining Korn Ferry’s organizational consulting and executive search capabilities with AMS’s recruitment process outsourcing (RPO), talent acquisition and workforce services platform.
The purchase price includes approximately £659 million (about $881 million) in cash—funded with $300 million of cash on hand and $581 million drawn from Korn Ferry’s existing revolving credit facility—and approximately £191 million (around $255 million) in Korn Ferry (NYSE: KFY) common stock.
AMS is a global provider of recruitment process outsourcing, talent acquisition and workforce services. The combined organization will employ more than 16,000 professionals and add more than $1.5 billion of contracted backlog fees, strengthening long-term revenue visibility.