HgCapital Trust PLC: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Wright Reports
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HgCapital Trust plc Sells SHL To The Corporate Executive Board Company For $660 Million-DJ
Dow Jones reported that HgCapital has sold SHL, a U.K.-based talent-testing company, to U.S. group The Corporate Executive Board Company (EXBD) for $660 million. HgCapital took SHL private in a buyout worth $187 million in 2006 and subsequently merged it with Previsor, a U.S. based competitor, in January 2011. The sale nets HgCapital over three times the cash it put into its original acquisition and represents a gross return of 26% for the private equity firm's investors. SHL provides testing for companies worldwide and counts blue-chip corporations including Barclays PLC (BCS), Coca Cola Co. (K)) and Hilton Worldwide among its clients. The company delivers around 25 million talent assessments annually in over 30 languages. It had revenue of more than $200 million last year.
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