CHICAGO--(BUSINESS WIRE)--In another strategic move in the executive search industry, DHR International confirms that last week DHR purchased an aggregate of 1,032,000 shares of the Caldwell Partners International Inc., which represents approximately 5% of Caldwell’s issued and outstanding common shares.
In recent weeks, DHR has been in communication with Caldwell’s management regarding DHR’s interest in Caldwell, and DHR intends to continue exploring its interest in a negotiated transaction with Caldwell.
DHR expects that such a transaction would be at premium to the recent market price of Caldwell’s common shares, and that DHR would not require any external financing to complete the transaction.
DHR believes it is Caldwell Partners International’s third largest shareholder.
On July 1, DHR International acquired key strategic assets of its competitor CTPartners Executive Search, Inc. to create one of the world’s largest executive search firms.
For more than 25 years DHR International has been a leading, privately held provider of executive search solutions with more than 70 wholly-owned offices spanning the globe. DHR’s renowned consultants specialize in all industries and functions in order to provide unparalleled senior-level executive search, management assessment and succession planning services tailored to the unique qualities and specifications of our select client base. For more information on DHR International, visit www.dhrinternational.com.