Right Management Acquires Holding Company

Philadelphia, Pennsylvania-based Right Management Consultants, a global human resource consulting firm specializing in career transition and organizational consulting services, completed a US$105 million acquisition of the holding company of Coutts Consulting Group, a career transition and organizational consulting firm headquartered in London. The deal closed on March 22, 2002.

Baker & McKenzie provided legal services worldwide to Right Management through its general legal counsel, Fox Rothschild, O’Brien and Frankel in Philadelphia with respect to the acquisition and in the completion of a US$180 million acquisition financing for the transaction (including refinancing of existing indebtedness and the provision of a revolver to provide working capital). In Toronto the Baker & McKenzie legal team included Charles Magerman and Nurhan Aycan.

Allan Chadd of Moore & Van Allen, PLLC in Charlotte, North Carolina acted for the lenders, with Brian Keith of Borden Ladner Gervais LLP in Toronto providing Canadian advice.