New York – March 2, 2018 – Cooley advised Gartner on its definitive agreement to sell CEB Talent Assessment to Exponent Private Equity, a UK-based private equity firm, for $400 million. Cooley partners Robert Sanchez and Daniel Peale led the team advising Gartner.
The agreement comes at the end of a previously announced process to evaluate strategic alternatives for CEB Talent Assessment, formerly SHL, which was acquired by Gartner last year as part of the CEB acquisition. The transaction is expected to close in the first half of 2018 and is subject to customary closing conditions.
“This transaction with Exponent is a positive step for CEB Talent Assessment clients and associates as it represents an opportunity to bring a renewed focus on the business to better support innovation, product development and long-term growth,” said Gene Hall, CEO of Gartner, in a news release.
CEB Talent Assessment is a leading global provider of talent assessment solutions. Its best-in-class product portfolio of science-based assessment tools, benchmark data, predictive technologies and consultancy services drive business results by equipping organizations to assess, select and develop the right people for the right roles.
Gartner, which trades on the NYSE under the symbol “IT,” is the world’s leading research and advisory company and a member of the S&P 500. It equips business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities and build the successful organizations of tomorrow.
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