Mon, 30 Jan 2012 | BUSINESS SALE
Psychometric test provider SHL has been put up for sale by HgCapital, which has brought in Morgan Stanley to assess disposal options.
SHL is the world leader in psychometric testing and is also the biggest private employer of business psychologists in the world. It is said to be worth up to $700 million. In January 2011 SHL merged with PreVisor, its US equivalent.
HgCapital believes the sale will be of interest to private equity firms, software companies, data groups and human relations specialists. A sale is considered likely to take place later on this year. Another option for the firm would be a public listing.
The firm is headed by its chief executive David Leigh, and is headquartered in Thames Ditton, Surrey. SHL has a 850-strong workforce and runs 25 million tests each year across the globe.
The assessments provide a measure for several factors including a candidate’s suitability for a job, reliability and the risk of absenteeism.
It has over 10,000 clients, including household names Coca Cola, Arriva, Barclays, Adecco, DHL, Hilton International, Kellogs and Marks & Spencer.
The move to sell will take advantage of an increasing call for psychometric tests as firms decide to use online recruitment tests to cut costs.
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