Coalesce Capital (a private equity firm focused on investing in business services companies) announced a majority growth recapitalization in executive compensation and leadership consultancy Pearl Meyer & Partners. And Pearl Meyer’s management team retains a meaningful stake in the company and will partner closely with Coalesce. The existing minority institutional investors have exited their investment.
Pearl Meyer is a leading independent advisor to boards and senior management, helping organizations build, develop, and reward leadership teams that drive long-term success. The company provides strategy-driven compensation, leadership, and governance consulting services. Coalesce will be supporting Pearl Meyer’s next phase of growth and enhancing 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. And Ropes & Gray served as legal advisor to Coalesce Capital. The financial terms of the transaction were not disclosed.
KEY QUOTES:
“Having Coalesce on board represents a strategic step forward as they share our vision for the future impact of executive compensation and leadership consulting. Coalesce has a deep understanding of what makes professional services firms successful, and this commitment from Coalesce provides our firm with the capital and expertise to unlock our next chapter of growth.”
– Beth Florin, CEO of Pearl Meyer
“As a firm focused on human capital-driven businesses, we know the rewards for being at the forefront of selection, development and incentivization of talent are greater than ever before. In a fragmented market with few scale players, we identified Pearl Meyer as a leader well positioned to build on its base of world-class advisors to solve the increasingly urgent and complex needs of boards.”
– Stephanie Geveda, Founder & Managing Partner at Coalesce Capital
“We were blown away by Pearl Meyer’s reputation in the market – supporting companies and boards in navigating the most critical issues they face. We are excited to partner with Beth and the team to create the leading advisor to boards on all matters related to talent and human capital.”
– Jon Gurss, Partner at Coalesce Capital
