NEW YORK, Aug. 9, 2011 /PRNewswire/ -- CTPartners Executive Search Inc., (AMEX: CTP), a leading global retained executive search firm, today announced that it has signed a Letter of Intent to acquire CTPartners Latin America Inc., its independently-owned licensee that has been operating as CTPartners in Latin America for the past five years. Seventeen partners currently operate from offices in Bogota, Caracas, Lima, Mexico City, Panama, Santiago and Sao Paulo.
Brian Sullivan, Chief Executive Officer of CTPartners said, "The formal integration of our firms will be seamless to our clients and partners -- we are already fully integrated. Our coming together, however, should provide us with additional growth capital to expand our presence in Latin America, making us more effective for our local clients and global clients looking to invest in the region."
Nestor D'Angelo, Managing Partner of Latin America said, "The last five years as a licensee of CTPartners has enabled us to utilize their global platform and provide our clients with quality methodologies to navigate the changing economies in one of the faster growing regions in the world."
Terms were not disclosed.
CTPartners is a leading performance-driven executive search firm serving clients across the globe. 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 expertise serving private equity and venture capital firms.
With origins dating back to 1980, CTPartners serves clients with a global organization of more than 350 professionals and employees, offering expertise in board advisory services and executive recruiting services in the financial services, life sciences, industrial, professional services, retail and consumer, and technology, media and telecom industries.
CTPartners' focus is straightforward: Place the right executive in the chair. Evidence of CTPartners' ability to get the job done is its 83% placement success rate and average days to placement of 123 days in 2010. CTPartners has a stick rate of 90% for the eighteen month period ending on June 30, 2009.
Methodologies used include our proprietary technology, ClientNet®, a technology tool that permits clients to access password-protected information over the internet from any place, at any time, to check the status of their search engagements, and the 40-day Audit processes, a comprehensive assessment tool that provides formal feedback and insures search milestones are met according to plan.
Headquartered in New York, CTPartners has offices in Bogota, Boston, Caracas, Chicago, Cleveland, Columbia MD, Dallas, Dubai, Geneva, Hong Kong, Lima, London, Mexico City, Miami, Panama City, Paris, Santiago, Sao Paulo, Shanghai, Silicon Valley, Singapore, Toronto, and Washington, D.C.
CTPartners Executive Search Inc.
Vice President, Marketing & Investor Relations
SOURCE CTPartners Executive Search Inc.