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Korn/Ferry buys executive coaching firm

October 15 2008

Korn/Ferry International Inc. (NYSE: KFY) agreed to acquire Lore International Institute Inc., a provider of executive coaching and leadership development services that has offices in Durango CO and Zurich, Switzerland. Terms were not disclosed. The deal is set to close in 30 days and add to Korn/Ferry's earnings within the fist 12 to 18 months of ownership.

Lore's management, including Chairman and CEO Terry Bacon, will join Korn/Ferry.

Los Angeles-based Korn/Ferry provides executive recruitment and recruitment process outsourcing services. It ranked No. 47 on Staffing Industry Analysts' list of largest staffing firms based on U.S. revenue.

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