Assessio sponsor Main Capital preps sale via William Blair

The process is at an early stage, with pre-marketing documents yet to be circulated, they added.

The company expects to turn over approximately SEK 300m (EUR 26.5m) in FY23, with an EBITDA margin north of 30%, one of the sources and a fourth source familiar said.

Assessio has been very good at transforming into a subscription play over recent years, one of the sources said, adding that it is likely to draw the interest of both private equity and strategic buyers. Another sponsor could continue the international scaling of the business, or a larger talent acquisition player could take it over, this source added.

The company is expected to raise strong interest among potential buyers, particularly given the attractiveness of HR tech, a private equity executive tracking the business said.

Main Capital acquired an undisclosed majority stake in Assessio in 2019 for EUR 20m.

Assessio, established in 1954, has developed a digital platform named Ascend, which offers tests including for personality, screening, aptitude, risk behaviour, values and culture.

Main Capital declined to comment. Assessio and William Blair did not respond to requests to comment.

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