Research firms combine in $660-million acquisition
by CanadianManufacturing.com Staff
The Corporate Executive Board Co. has signed a definitive agreement to acquire SHL.
ARLINGTON, Va.—Research and advisory company The Corporate Executive Board Co., has signed a definitive agreement to acquire SHL, a global cloud-based talent measurement and management solutions firm, for $660 million in cash, subject to pre- and post-closing adjustments.
The combination creates a massive consulting firm that focuses on best practices, insights and data, powered by predictive analytics and a robust technology platform that helps companies manage talent, transform operations and reduce risk.
The acquisition will expand the markets of both companies through an increased global presence across all major developed and emerging markets.
Tom Monahan, Chairman and CEO of CEB, said in a release that the deal is expected to be accretive CEB’s 2013 EPS, depending on final cost synergies.
CEB says it will fund the acquisition with $625-million secured credit and approximately $85 million in cash.
Headquartered in the U.K., SHL’s total revenues were $209.8 million and adjusted EBITDA of $56.9 million.
CEB’s 2011 revenues were $484.7 million with EBITDA of $112.6 million in 2011.