Gateley acquires business psychologists Kiddy & Partners

Law-led professional services group Gateley (Holdings) plc has snapped up London-based business psychologists Kiddy & Partners.

Kiddy will continue trading under its existing name following the acquisition, with all employees relocating to Gateley’s office in the capital.

The company provides workforce consultancy services, with a focus on assessment, talent management and leadership development. Its client list spans 80 of the FTSE Global 500 businesses and 20 of the FTSE 100.

In the year to December 31 2017, Kiddy generated an operating profit of £213k against revenues of £2.42m.

Gateley has paid an initial £850k for the firm in cash and shares. A deferred consideration of up to c.£2.15m is payable based on Kiddy’s EBITDA performance up to April 30 2021.

Gateley CEO Michael Ward said: “This acquisition significantly broadens and strengthens our employment and people services offering.

“There will be clear opportunities for us to collaborate and deliver integrated advice and services to a broader set of large-scale employers and across a wide range of industries.”

Kiddy & Partners’ managing partner, Simon Brittain, said: “We have a reputation as leaders in our field, providing specialist services that focus on commercial outcomes and we are excited to be joining Gateley who are like-minded and forward-thinking in their approach.”

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