KYIV, December 21, 2021 — Heidrick & Struggles (Nasdaq: HSII), a premier provider of global leadership advisory and on-demand talent solutions, has entered into an agreement to acquire WE Partners in Ukraine, a top executive search and leadership consulting firm in the country.
This acquisition forms part of Heidrick & Struggles’ strategy to expand its global footprint and grow its local presence in key strategic markets around the world. WE Partners is the top firm in the country offering integrated executive search and leadership advisory services. With this acquisition, Heidrick & Struggles will become the leading executive search and leadership advisory firm in the country and offer a broad range of offerings and capabilities to both local and multinational clients based in Ukraine.
Tetyana Furtseva, Senior Partner and Director, WE Partners commented, “We are excited to enter into an agreement with Heidrick & Struggles to become part of the firm’s renowned global executive search and leadership consulting network. We already serve the top 26% national and global companies among the top 100 Ukrainian business rated by FORBES in 2021. With Heidrick & Struggles’ global reach in working with the best executive level talent and providing leading advanced assessment and development capabilities, we will be able to meet the most complex and growing demands of Ukrainian businesses."
Tim Lüdke, Partner and Regional Leader for Heidrick & Struggles’ Strategic Growth Markets added, “As the Ukrainian market rapidly integrates into global economies, there is tremendous demand for forward-thinking, cutting edge leaders. Digital transformation accelerated by the pandemic requires innovative executives who can lead with agility and a high degree of uncertainty. Entering Ukraine is an important step in Heidrick & Struggles’ strategy to expand our global reach in fast growing markets, and we are excited to work with a truly professional team.”
Financial terms of the acquisition were not disclosed, and the transaction is expected to close in Q1 2022, subject to customary closing conditions.
About Heidrick & Struggles
Heidrick & Struggles (Nasdaq: HSII) is a premier provider of global leadership advisory and on-demand talent solutions, serving the senior-level talent and consulting needs of the world's top organizations. In our role as trusted leadership advisors, we partner with our clients to develop future-ready leaders and organizations, bringing together our services and offerings in executive search, diversity and inclusion, leadership assessment and development, organization and team acceleration, culture shaping and on-demand, independent talent solutions. Heidrick & Struggles pioneered the profession of executive search more than 65 years ago. Today, the firm provides integrated talent and human capital solutions to help our clients change the world, one leadership team at a time.® www.heidrick.com
About WE Partners Ukraine
WE Partners is a consulting company specializing in executive search, leadership assessment and development. WE Partners operates in the markets of Ukraine and Kazakhstan, serving the largest national and global companies in key industries. Total revenue recorded in 2020 exceeded $ 1.5 million, and projected revenue by the end of 2021 is expected to grow 25% to $ 2.0 million. The company is a member of the AESC, an international association of Executive Search companies that unites the world's largest players in the industry. https://wepartners.com/
Media Contacts
WE Partners
Olga Seleznova
Heidrick & Struggles
Nina Chang
nchang@heidrick.com
