NEW YORK--(BUSINESS WIRE)--CTPartners Executive Search, Inc. announced that its Board of Directors has formed a Special Committee, composed solely of independent directors, to review strategic alternatives for the Company, including a previously announced unsolicited, non-binding proposal from DHR International, Inc. to acquire all of the outstanding shares of the Company for $7.00 a share and a range of other alternatives. The Special Committee has engaged Robert W. Baird & Co. to serve as its financial adviser.
The Company does not currently plan to provide interim updates on the Special Committee's work, and does not expect to report on the strategic review process until the Special Committee has completed the process and made its recommendation to the full Board of Directors for its consideration and action, if any. The Special Committee has not established a timetable and there is no assurance that the review process will result in any transaction being announced or completed.
CTPartners is a leading global executive search firm that is designed to deliver in-depth expertise, creative strategies, and outstanding results to clients worldwide. Committed to a philosophy of partnering with its clients, CTPartners offers a proven track record in C-Suite, top executive, and board searches, as well as extensive experience in serving private equity and venture capital firms.
From its 44 offices in 24 countries, CTPartners serves clients with a global organization of more than 500 professionals and employees, offering expertise in board advisory services, key leadership functions, and executive recruiting services in the financial services, life sciences, industrial, professional services, retail and consumer, and technology, media and telecom industries.