AcquisitionsJun 29, 2026, 06:12 AM
Korn Ferry to Acquire AMS for $1.1B
AI Summary
Korn Ferry announced a definitive agreement to acquire Auxey Holdco Limited (AMS) for approximately $1.1 billion (£850 million). The acquisition aims to create a global leader in talent and organizational consulting by combining Korn Ferry's expertise with AMS's strengths in Recruitment Process Outsourcing and other talent solutions. The transaction is expected to be immediately accretive to earnings per share in the first full year and is anticipated to close in Korn Ferry's fiscal second quarter of FY'27.
Key Highlights
- Korn Ferry to acquire Auxey Holdco Limited (AMS) for approximately $1.1 billion (£850 million).
- Purchase price includes $881 million (£659 million) in cash and $255 million (£191 million) in KFY common stock.
- Cash portion funded by $300 million cash on hand and $581 million from existing revolver.
- AMS currently generates $650 million in Fee Revenue and $100 million in Adjusted EBITDA.
- Expected run-rate Adjusted EBITDA contribution from AMS is $140 million within a year.
- Transaction expected to be immediately accretive to EPS in the first full year.
- Closing anticipated in Korn Ferry's fiscal Q2 FY'27, subject to regulatory approvals.
- AMS's long-term contracts add over $1.5 billion in estimated fees remaining.
Price Impact
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