Coalesce Capital (Coalesce), a private equity firm focused on investing in business services companies, has completed a majority growth recapitalisation in executive compensation and leadership consultancy, Pearl Meyer & Partners (Pearl Meyer).
As part of the deal, Pearl Meyer’s management team has retained a meaningful stake in the company and will partner closely with Coalesce. Existing minority institutional investors meanwhile, have exited their investment.
Pearl Meyer is an independent advisor to boards and senior management, helping organisations build, develop and reward leadership teams that drive long-term success. The company offers strategy-driven compensation, leadership and governance consulting services.
According to a press statement, Coalesce will support Pearl Meyer’s next phase of growth and enhance its industry leadership through talent development initiatives, the addition of complementary capabilities and service areas and investments to enhance their client service capabilities.
Citizens served as financial advisor and Locke Lord served as legal advisor to Pearl Meyer and its shareholders. Ropes & Gray served as legal advisor to Coalesce Capital. Financial terms of the transaction have not been disclosed.
