Fri, 16 Aug 2024 | BUSINESS SALE
The Unseen Group, a Manchester based software company operating in the graduate careers industry, has completed its seventh acquisition. The group, which trades as GradTouch, has acquired North East company Evolve Assess.
Founded in 2016, Evolve Assess provides psychometric assessments and candidate feedback, working with clients including NatWest Group and St James' Place. Following the acquisition, the company will work closely with Unseen Group business TopScore, a provider of digital assessment centre technology for large-scale employers.
Unseen Group Chief Executive Zac Williams called Evolve Assess “an amazing platform with a highly skilled team behind it”.
He continued: "As we grow as a group, we're dedicated to offering educators and employers a wider range of tools and services that all come together to ensure that no pathway goes unseen for the next generation of talent. Evolve Assess is a crucial piece of that puzzle."
Evolve Assess founder Richard Anderson said that the company would complement Unseen Group’s “growing list of products and services with our online test platform.”
He added: "This deal was a no-brainer for me, and I'm incredibly proud to now be a part of this thriving business. Joining a group of highly innovative and dynamic brands will only strengthen and grow the service we offer our clients."
The deal comes less than two months after Unseen Group secured fresh private equity backing, with Maven Capital exiting the business after seven years in June and the group receiving equity investment from Pelican Capital and a multi-million-pound acquisition facility from ThinCats.
The funding will enable the group to pursue acquisitions and accelerate its organic growth by further developing its product portfolio. Pelican Capital Investment Manager Elliot Vickerstaff said that, with Pelican’s backing, Unseen Group was “poised to create a market-leading platform in the early careers sector through a well-executed strategic buy-and-build approach."
Andrew Feeke, Head of Corporate Finance at MHA, which acted as lead corporate finance and tax advisor to Unseen Group, said it was “a fast-growing business in a fragmented and rapidly developing sector.”
Find out more about M&A trends in the UK professional services sector
Read about another recent Unseen Group acquisition
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