Maine Capital Partners

Dec 1, 2021

December 2, 2021 - Advertisement - LONDON, Dec 1 (Businesshala) – Dutch recruitment software firm Textkernel, backed by private equity firm Maine Capital Partners, has acquired American rival SovRen, Maine Capital Partners said, in a deal aimed at expanding its business in North America and Asia Pacific. to strengthen and strengthen its technology base. - Advertisement - Based in Sovran, Texas and which provides similar artificial intelligence software to TextKernel, will boost the Dutch firm’s position in so-called “search and match” technology, which is used by recruiters to screen candidates, its private equity. Owner Maine Capital Partners said in a statement. - Advertisement - A market source said the deal was valued at 30 million to 40 million euros ($34.01 million – $45.35 million). Register now for free unlimited access at Businesshala.com register - Advertisement - “We expect to be more active in the United States in the short to medium term […] Peter van Bodegraven, Managing Partner, Main Capital, said, “We see great potential for several of our European platforms to begin operations in the United States through procurement and manufacturing strategies. Based in The Hague, Maine Capital Partners purchased Textkernel in 2020. The buyout fund has 29 active portfolio firms and has completed 24 new investments in portfolio firms and add-on acquisitions since January 2021. ($1 = 0.8821 Euro)