Caldwell Completes Sale of IQTalent to WinMil

Caldwell Partners International has concluded the sale of most of the assets of its subsidiary, IQTalent Partners, to WinMil. The decision follows a strategic review, as Caldwell aims to concentrate on its core competency in executive search and advisory services.

IQTalent, known for its unique on-demand recruitment model, will continue under WinMil's management, retaining its name and brand. The transaction was valued at approximately $4.7 million, featuring cash and Caldwell share exchanges. This move reduces Caldwell's outstanding shares by about 4.9%.

Caldwell will maintain its minority interest in HootRecruit and retain certain tax benefits. A two-year referral agreement is in place, ensuring ongoing collaboration between Caldwell and WinMil.

Caldwell plans to review the allocation of cash proceeds with forthcoming financial updates. The company remains focused on its dedication to executive recruitment and advisory excellence.