Jan 18, 2023

Northborne Transaction Announcement | Salo Acquired by Korn Ferry

MINNEAPOLIS, MN – January 18, 2023 Northborne Partners is pleased to announce that it is serving as financial advisor to Salo, LLC (“Salo”) in connection with its announced acquisition by Korn Ferry (NYSE: KFY). Korn Ferry announced today that it previously entered into a definitive agreement to acquire Salo. Terms of the deal were not disclosed.

Salo is a leading provider of finance, accounting and HR interim talent, with a strong focus on serving clients in healthcare, among other industries. Salo’s substantial interim professional solutions and contract staffing expertise will enhance Korn Ferry’s industry-leading organizational consulting portfolio.

Through the acquisition of Salo, Korn Ferry will further broaden its ability to deliver to organizations experienced professionals, who will take on impactful roles on an interim or project basis, particularly in the high-demand areas of finance, accounting and HR.

Faegre Drinker served as legal counsel to Salo.

About Northborne Partners

Northborne Partners is a preeminent middle market investment banking firm focused on providing M&A advisory services to companies in the food & consumer, healthcare, industrials and business services sectors. It specializes in advising private-equity-owned and closely held businesses on complex sell-side transactions. Northborne Partners is headquartered in Minneapolis, MN. For more information, please visit northborne.com.

Website includes transactions completed by Northborne professionals at prior firms.

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