Main Capital Partners sells Assessio to Pollen Street

  • 24-08-2023
  • Press release
Main Capital Partners is pleased to announce the successful signing of a sale of Assessio to Pollen Street Capital.

Main Capital Partners is pleased to announce the successful signing of a sale of Assessio to Pollen Street Capital. Over the last four years, Assessio has evolved from a local player active mainly within recruitment to a leading Northern European talent assessment player with an offering across both the pre- and post-hire space. Under the new stewardship of Pollen Street, Assessio is now well-positioned to push the boundaries of its success and expand its reach into new and exciting markets.

Main Capital Partners made its strategic investment in Assessio in 2019, recognizing its potential to become a leading talent assessment software provider. Over the course of Main’s investment period, Assessio transformed from consultancy driven business to a highly scalable SaaS-operation with a cutting-edge platform that covers both the pre- and post-hire space of recruitment. During this period, Assessio’s revenues more than doubled, solidifying its position as a market leader in the Nordic and Benelux region.

Main played a pivotal role in supporting Assessio’s growth trajectory, including strategic acquisitions that enhanced the company’s product portfolio and market presence. Main backed Assessio’s acquisition of Dutch HFMTalentindex. Additionally, Assessio further strengthened its footprint across unpenetrated Nordic markets as well as establishing a leading position in the Benelux with the acquisitions of Dutch Eelloo and Danish People Test Systems. Today, Assessio is the leading talent assessment player in both the Nordics and Benelux, servicing >1.800 clients across a wide range of industries.

The sale of Assessio to Pollen Street marks another significant achievement for Main Capital Partners. Pollen Street, as the acquiring party, recognizes the exceptional value and expertise that Assessio brings to the talent assessment market. The transaction will bring together Assessio’s innovative solutions and the means as well as support needed to expand its reach and to continue its growth journey in becoming a global leader in the industry.

Johan Masironi, CEO of Assessio, comments: ‘’Together with Main Capital, we transitioned into a scalable SaaS operation, doubling our revenues, and establishing ourselves as a leader in the Nordic and Benelux regions. We’re excited about the next chapter as we partner with Pollen Street. Their experience in scaling software businesses aligns perfectly with our goal of international expansion and tech platform enhancement. This partnership will accelerate growth, broaden our offerings, and strengthen our position as a top talent assessment partner in Europe.”

Anastasia Kovaleva, Investment Director at Pollen Street, said: “Assessio has developed an exciting and highly differentiated proposition which makes it uniquely positioned in the HCM software market. Pollen Street is proud of its track record of supporting high growth software businesses. Our investment and value creation strategy will build on Assessio’s reputation as the Nordic’s leading talent assessment software platform to build a leading pan-European talent management player in an exciting and growing market solving current challenges such as talent shortages and supporting diversity and inclusion. Assessio is led by a dynamic and highly regarded team, we are impressed by what they have achieved to date, and we look forward to working with Johan, Evelien, Peter and Staffan in the next stage of growth for the business.”

Wessel Ploegmakers, Partner at Main Capital Partners, concludes: “Since our partnership in 2019, we have seen significant growth, claiming market leading positions in the Benelux and Nordics regions as well almost tripling in size and profitability. Through organic growth and a selective buy-and-build strategy, the HR-software provider for talent assessment has emerged as a prominent player in Northern Europe. We are proud to have supported Assessio on this growth journey.”

Since our partnership in 2019, we have seen significant growth, claiming market leading positions in the Benelux and Nordics regions as well almost tripling in size and profitability.

- Wessel Ploegmakers, Partner and co-Head of the Nordics office at Main

About

Assessio

Assessio is the Nordic region’s leading e-assessment company with a platform solution that helps HR to work inclusively and time-efficiently with recruitment and development of leaders and teams. Through tests and tools, they provide organizations with data-driven insights about both current and potential employees. Assessio was founded in the 1950s and today their work psychological tests are used all over the world and in over 30 different languages.

Pollen Street Capital

Pollen Street is a purpose led and high performing private capital asset manager. Established in 2013, the firm has built deep capability across the financial and business services sector aligned with mega-trends shaping the future of the industry. Pollen Street manages over £3.4bn AUM across private equity and asset-backed credit strategies, on behalf of investors including leading public and corporate pension funds, insurance companies, sovereign wealth funds, endowments and foundations, asset managers, banks, and family offices from around the world. Pollen Street has a team of over 80 professionals with offices in London and the US.

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