Heidrick & Struggles Acquires IronHill Partners

Date : 05/29/2008 @ 4:30PM
Source : PR Newswire
Stock : Heidrick & Struggles International (MM) (HSII)
Quote : 25.05  1.57 (6.69%) @ 4:41PM
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Heidrick & Struggles Acquires IronHill Partners

CHICAGO, May 29 /PRNewswire-FirstCall/ -- Heidrick & Struggles International, Inc. (NASDAQ:HSII), the world's premier executive search and leadership consulting firm, today announced it has completed the acquisition of IronHill Partners, which includes their team of four partners and ten search professionals.

IronHill Partners, a leading retained executive search boutique firm in the United States, specializes in searches for clients in the venture capital sector with a particular focus on technology company placements.

"This is a beneficial arrangement in many respects," said Chief Executive Officer L. Kevin Kelly. "IronHill's search consultants should benefit from the strength of our global, multi-industry platform and well-established brand name. Heidrick & Struggles will be able to leverage IronHill's experience and client relationships in the venture capital sector to improve our search capabilities in this growing space."

Added Kelly: "As a result of this acquisition, we expect these consultants will be able to quickly realize business and productivity increases. This is a talented and energetic group with a proven track record of success. We are pleased to welcome the IronHill team to Heidrick & Struggles."

Financial terms of the deal were not disclosed.

About Heidrick & Struggles International, Inc.

Heidrick & Struggles International, Inc. is the world's premier provider of senior-level executive search and leadership consulting services, including talent management, board building, executive on-boarding and M&A effectiveness. For more than 50 years, we have focused on quality service and built strong leadership teams through our relationships with clients and individuals worldwide. Today, Heidrick & Struggles leadership experts operate from principal business centers in North America, Latin America, Europe and Asia Pacific. For more information about Heidrick & Struggles, please visit http://www.heidrick.com/.

DATASOURCE: Heidrick & Struggles International, Inc.

CONTACT: Investors & Analysts, Julie Creed, VP, Investor Relations,

+1-312-496-1774, or Media, Eric Sodorff, Director,

Communications, +1-312-496-1613, , both of Heidrick &

Struggles International, Inc.

Web site: http://www.heidrick.com/

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