Korn Ferry announced it has entered into a definitive agreement to acquire Hay Group for $425 million in cash and stock. Korn Ferry will combine Hay Group with its Leadership and Talent Consulting segment and brand the combined advisory business as Hay Group. The deal is expected to close at the end of calendar 2015.
Korn Ferry, executive search firm and aspirer to the leadership and talent consulting throne, announced it has entered into a definitive agreement to acquire Hay Group, a blue blood human capital consultancy that has remained aloof to upstart courtiers for decades. Now this is good theater. I always expected the marriage banns to read Hay Group weds Aon Hewitt or Mercer or Deloitte or IBM. But this is yet another surprise in a summer of surprises (thank you, Towers Watson) and I’m having fun just thinking about it.