StepStone Solutions, the Talent Management solutions division of StepStone ASA, has been acquired by private equity investor HgCapital.
The acquisition will be completed together with the current management team, led by Group Managing Director, Matthew Parker.
StepStone Solutions is a SaaS (Software as a Service) company with over 400 staff located in 16 countries across the globe. Over 1,400 organisations, use its solutions to recruit, retain and develop talent.
StepStone ASA is a wholly-owned subsidiary of Germany-based publishing and media company Axel Springer AG, which is retaining ownership of the online division of the company.
Commenting on the acquisition, Kai Romberg, a director in HgCapital’s TMT team was quoted as saying: “We are excited about the opportunity to back StepStone Solution’s management team and help accelerate the company’s growth both organically and by select add-on acquisitions, taking it to the next stage of its development”.