Bridge Partnership, a consultancy specialising in leadership development and strategic transformation, is being acquired by the CIPD to boost the institute’s ability to engage with business leaders, including the most senior HR directors. This is the CIPD’s first acquisition of another business, and will cost the institute a net £3m. Further payments will be due if Bridge – which will continue to trade under its own name – hits rigorous performance objectives and earnings targets. The deal is in its final stages.