Talent measurement and management solutions firm SHL is to be acquired for $660m (£420m) by advisory firm The Corporate Executive Board Company (CEB).
The cash for the deal comes from funds managed by HgCapital and Veronis Suhler Stevenson. HgCapital previously acquired SHL in 2006, with Veronis becoming a co-investor in 2011 following SHL’s merger with the talent assessment firm PreVisor.
In 2011, SHL’s total revenues totalled $209.8m.
Tom Monahan, chairman and chief executive of CEB, says: “We see a continual increase in the demand for talent measurement and analytics to drive organisational performance.
“We are confident that we have the infrastructure and resources in place to successfully and seamlessly integrate SHL into the growing CEB suite of offerings, and we look forward to welcoming all of SHL into the CEB family.”
SHL chief executive David Leigh adds: “This is an exciting new chapter for SHL and its talented employees, who will have new opportunities as part of the combination, and whose expertise will be valued by the broader combined client base.”
SHL has 10,000 clients in 111 countries.
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