HgCapital Hires Morgan Stanley To Sell SHL

HgCapital has hired Morgan Stanley (MS) to sell SHL, a U.K.-based talent-testing company, a person familiar with the situation told Dow Jones Newswires on Monday.

The business, which is valued around $700 million, provides testing for companies worldwide and counts blue-chip corporations including Barclays PLC (BCS), Coca Cola Co. (K)) and Hilton Worldwide among its clients.

HgCapital bought SHL, taking the human resources consultancy private in a buyout worth $187 million in 2006. Under HgCapital's ownership the company has grown from being a market leader in psychometric testing and services in Europe and Asia with offices in 20 countries to becoming a global company, boosted by the acquisition of U.S. market leader PreVisor in January 2011.

The merged group delivers around 15 million assessments annually in over 150 countries and over 30 languages. It had revenue of more than $200 million last year.

The company hasn't ruled out an initial public offering depending on market conditions.

-By Marietta Cauchi, Dow Jones Newswires; +44 207 842 9241; marietta.cauchi@dowjones.com

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