"Led by Jim Holm, the PAN senior management team did an extraordinary job in positioning the company in the highly complex and quickly evolving talent measurement industry. Our strong financial performance and ultimate investment outcome are a direct result of the management team's vision and execution," commented Bruce Hernandez, a partner at Spire Capital.
"I am proud of the PAN team and what we were able to accomplish," commented Jim Holm, PAN's CEO. "As a second time senior leader at a Spire portfolio company, I had a good sense of the strategic insight and business development input the firm would provide, as well as the overall support needed during our aggressive growth period over the last few years. It was a great partnership from start to finish," said Holm.
Houlihan Lokey acted as exclusive financial advisor to Spire Capital and PAN, while Dentons US LLP served as legal counsel.
About Performance Assessment Network
Performance Assessment Network, Inc. (PAN" is a leading global provider of online talent assessments and testing technology solutions that aid both corporate and government organizations in hiring and growing top talent. Founded in 2000, PAN offers a single point of access to the most diverse collection of online talent assessments available including hundreds of professionally developed employment tests from the most respected publishes in the industry. With a technology platform that sets the standard for online testing innovation and security, PAN has delivered millions of assessments, leveraging its vast testing center network of over 600 locations and its diverse collection of online talent assessments from more than 50 leading publishers. PAN is headquartered in Carmel, Indiana. For more information, please visit www.panpowered.com.
About Spire Capital Partners
Founded in 2000, Spire Capital is an active and experienced private equity firm with an investment focus on lead and control investments in companies within the technology-enabled business services, media, education and communications sectors. Spire Capital leads buyout investments in its areas of expertise and believes its deep industry experience and network of relationships are invaluable in helping its portfolio companies grow and create value. Spire Capital is investing out of its third fund and has managed over $900 million in private equity commitments since its founding. For more information, please visit www.spirecapital.com.
Spire Capital Disclosure: Spire Capital is a New York based investment advisor registered with the Securities and Exchange Commission under the Investment Act of 1940. Market conditions can vary over time and past fund performance does not guarantee future fund results.
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SOURCE Spire Capital Partners