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Korn/Ferry International Closes Three Key Acquisitions to Secure Leadership in Important Canadian Market

May 2, 2000 10:44 AM Eastern Time
LOS ANGELES--(BUSINESS WIRE)--May 2, 2000--Korn/Ferry International KFY , the world's leading executive search firm, today announced the acquisition of three highly regarded executive search firms based in Canada: Pratzer & Partners, Inc. in Toronto, the Montreal office of Illsley Bourbonnais, and O'Callaghan, Honey, McKay in Calgary. With the coordinated approach of these three simultaneous acquisitions, Korn/Ferry continues to to further develop and expand its executive recruitment services to clients in key strategic markets.

Windle B. Priem, President and Chief Executive Officer of Korn/Ferry International, said, "We recognize Canada as an important and expanding market. We evaluated various alternatives and are delighted with the addition of these three prestigious firms to our current operations in Toronto and Vancouver. These acquisitions significantly expand our existing presence in this important market and now position us as the leading executive search firm in Canada. This step underscores Korn/Ferry's reputation for providing outstanding leadership capital solutions and services to our clients worldwide."

Mr. Priem continued, "Toronto-based Pratzer & Partners, which will be integrated with our existing office in Toronto, will strengthen our technology and financial services practices. Illsley, Bourbonnais in Montreal -- the leader in its market, with a significant position in manufacturing and technology clients -- gives us a strong presence and new market opportunity. O'Callaghan, Honey, McKay, based in Calgary, provides Korn/Ferry with the leading presence in this expanding market - with special expertise in energy, utilities and technologies."

Elan Pratzer, Managing Director of Pratzer & Partners, Inc.; Jean-Pierre Bourbonnais, Chairman of Illsley Bourbonnais; and W. Michael M. Honey and John McKay, Managing Directors of O'Callaghan, Honey, McKay, will assume leadership roles within Korn/Ferry. Additionally, Elan Pratzer will assume regional responsibility for the Canadian region, excluding Quebec, and Jean-Pierre Bourbonnais will be responsible for Quebec.


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