CTPartners Executive aims to price $12.5 million public sale of stock

Craig-Hallum Capital is bookrunner; deal will fund corporate purposes

By Devika Patel

Knoxville, Tenn., Jan. 26 – CTPartners Executive Search Inc. said it will raise $12.5 million in its public offering with a 30-day, 15% greenshoe of $1.88 million.

The company said on Dec. 8 that it would sell 702,703 common shares with a greenshoe of 166,120 additional shares and that selling shareholders will sell an additional 3 million shares.

Craig-Hallum Capital Group is the bookrunning manager.

Proceeds will be used for working capital and general corporate purposes.

The New York company offers expertise in board advisory services, key leadership functions, and executive recruiting services in the financial services, life sciences, industrial, professional services, retail and consumer, and technology, media and telecom industries.

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