Main Capital-backed Assessio buys HFM Talent Index
Main Capital portfolio company Assessio Group, a Sweden-based recruitment software developer, has acquired Dutch-based provider of talent assessment HFM Talent Index.
Dutch private equity firm Main Capital backed the add-on via its latest fund, Main Capital V, which closed on €236.5m in December 2017, according to Unquote Data.
This is Assessio's first add-on acquisition since Main Capital became a shareholder in 2019. The PE house acquired a majority stake from the Mabon family, who retained a substantial minority stake alongside management for an estimated consideration of €20m, according to Unquote Data.
The new combination of Assessio and HFM will create a group servicing almost 2,000 customers with more than 100 staff across four offices.
Assessio will follow a buy-and-build strategy aimed at improving the product offering and strengthening its geographic positioning in the European market. The company now develops software for data-driven psychological testing in HR and recruitment practices, combining solutions from the digital assessment platform Ascend, as well as providing products such as MBTI and 16pf.
Company
Founded in 1997 and headquartered in Amsterdam, HFM provides a software-as-a-service for talent assessment and development tests to help organisations find talent, develop their employees and facilitate effective collaboration. It serves approximately 250 mid-sized and large enterprise clients, predominantly in the Benelux market with an additional presence in South Africa. Example clients include Capgemini, Deloitte, Rabobank, Red Cross, FedEx and Crédit Agricole Consumer Finance.
People
Main Capital Partners – Charly Zwemstra (managing partner).
Assessio Group – Pär Cederholm (CEO).
HFM Talent Index – Evelien Schram (managing director).
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