March 2, 2018 – N2Growth, a King of Prussia, PA-based management consulting and executive search firm, has acquired an interest in the Landelahni Group, an executive search and leadership development firm based in South Africa.
Financial terms of the transaction were undisclosed.
Sandra Burmeister, CEO and co-founder of Landelahni, will now serve as N2Growth’s regional president covering Africa. Founded in 1996, Landelahni is one of the largest and most successful diversified professional services firms in Africa. It has additional offices in Kenya and Nigeria.
“Landelahni has developed a reputation among clients for its results-driven executive search, leadership development and diversified consulting services,” said Mike Myatt, chairman of N2Growth. “With the acquisition of an interest in Landelahni, N2Growth gains a talented team of professionals who all have deep operating experience across multiple industries.”
Effective immediately, Landelahni will operate as N2Growth Africa which will preserve Landelahni’s Broad-Based Black Economic Empowerment (BBBEE) Level 1 status as a black-owned African firm, which makes N2Growth the only major multinational professional services firm to hold this status. “Perhaps the most critical aspect of this deal is its structure,” said Mr. Myatt.
Ms. Burmeister said Landelahni is excited to have found a global partner that mirrors its culture and values. “The synergies between both businesses were so clear from the outset that it was a natural evolution for Landelahni to merge with N2Growth,” she said. “Many firms come to Africa with a buyers mindset, and what we truly appreciated about N2Growth is their nuanced understanding of how to blend geo-politics and business acumen to bring their formidable global presence to Africa in a way that truly benefits local ownership and local markets.”
N2Growth’s CEO Mike Kerouac said Landelahni is well respected across the continent. “It is also an opportunity for us to add value to Landelahni’s client relationships by providing them access to our global platform and innovative technology,” he said. “We share a deep commitment to Africa and look forward to a long and successful collaboration.”
“We have always believed that a global perspective with a local footprint was the right approach for us to provide our clients with a customized holistic suite of search and consulting services,” said Jaco Erasmus, N2Growth’s CEO for EMEAA. “I am very proud to announce the acquisition of Landelahni Group, which provides N2Growth a dominant local presence across sub-Saharan Africa with their offices in Johannesburg, Lagos, and Nairobi. This further expands our presence in EMEAA.”
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N2Growth is a global leadership consultancy with practice areas in executive search, culture shaping, leadership development, strategy, organizational design, risk, digital transformation and executive coaching. The firm has more than 40 locations across the Americas, Europe, MENA and APAC.
The economy of Africa consists of trade, industry, finance, construction and agriculture. According to recruiters expanding in the region, business is booming, and as a result a number of search firms have continued their migration to the continent. The South African economy is one with enormous potential across a broad base in commerce and industry. Over the years, South Africa has been renowned for its often leading edge capabilities in various sectors, including manufacturing, mining, the petrochemical industry, agriculture, pharmaceutical, the medical and healthcare industry, ICT and the financial services industry, among others.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Andrew W. Mitchell, Managing Editor – Hunt Scanlon Media