Main Capital Partners acquires majority in Dutch talent management player TMA

This investment marks Main’s sixth platform investment in the HR-Tech software industry in North-Western Europe, one of the core focus markets of Main Capital.

Founded in 1999 and headquartered in Utrecht (NL), TMA is one of the leading Dutch providers of talent management solutions in the HR-Tech software space. TMA’s integrated talent management platform enables customers to manage their talents through assessments and employee development in the pre- and post-hiring phase. By combining strong industry expertise, market knowledge, and the latest IT developments, TMA has developed the scientifically based ‘TMA Method’. This method takes a positive approach by focusing on people’s talents instead of their shortcomings. With these solutions, customers can identify employees’ talents, motivations and the employees’ fit with their current role. By leveraging employees’ talents, organizations achieve better performance, higher job satisfaction and increased engagement of all stakeholders.

TMA’s client base mostly consists of a wide range of clients from small consultancy and coaching firms to large enterprises, including organizations within the government, healthcare, business and education segments. Customers are, among others, the Royal Dutch Army, bol., Action, University of Applied Sciences Utrecht, Maastricht UMC and many municipalities such as Rotterdam, Vlaardingen, The Hague, Zwolle and Amsterdam. Through its extensive partner network, TMA has an international reach, with its software used in 21 countries and in 11 languages.

Collaboration between TMA and Main

The current management team of TMA will retain a significant minority stake and stay closely involved post-closing. Main is an experienced strategic party in the HR-Tech domain, through (previous) investments in Connexys, Assessio, PERBILITY, Textkernel, BCS HR Software and TimePlan. The proposed growth strategy for TMA aims to further consolidate their position in the Netherlands while pursuing international expansion through a buy-and-build approach.

Bastian Müller, CEO of TMA, said, “We are thrilled to announce our partnership with Main after more than 25 years of developing TMA into the one of the leading talent management platforms in it is today. Over the years, we’ve supported countless organizations and individuals in identifying key drivers and talents, helping them align their strengths with the right roles together with our vibrant partner community. We believe happy people create performing organizations! Now that we are welcoming Main as our strategic partner, we’re excited to expand the reach of our solutions and philosophy, enabling more organizations to benefit from our expertise.”

Charly Zwemstra, Managing Partner & CEO at Main, concluded, “We are very pleased to announce that Main is joining forces with talent management software player TMA. Talent management remains a top priority for employers, who face a daily scarcity of talent. The HR-Tech domain is of great importance for Main, as we recognize the necessity for tools to manage human capital effectively. Our investment in TMA marks our sixth investment in the HR-Tech domain, underscoring Main’s role as a key contributor to this field in Europe. TMA offers an innovative product suite, based on their proprietary method, and is trusted by numerous large organizations both in The Netherlands and internationally. We are eager to embark on this new partnership and together with the management team, we will focus on expanding TMA into a leading international talent management player through both organic growth and add-on acquisitions.”