In what appears to be a strategic business move, Horizon Capital is reportedly rebooting the sale process of its highly-rated IT services company, Sabio. According to sources close to the matter who have spoken to Bloomberg News, the private equity firm is actually reaching out to prospective buyers with the intent of cashing in on surging demand for technology-focused services in today's prevailing market scenario.
The decision comes after the first attempt to sell Sabio some years ago. With the market for IT services providers now increasingly favorable, Horizon Capital is more confident about this deal. Indeed, the renewed effort of the company to find a buyer is aligned with investors' growing appetite in the technology sector, amid continuing digital transformation trends worldwide.
Formed in 1995, over the years, Sabio has grown into a leading expert in Customer Experience solutions, including advanced analytics, artificial intelligence, and cloud-based services. Indeed, this company has grown extensively over these years, hence positioning itself as an attractive target for strategic buyers and private equity alike. Its rich portfolio, combined with an innovative approach to problem-solving in customer interactions, helped position Sabio within the space of IT services.
Horizon Capital is working with investment banks to facilitate the sale process, according to people familiar with the matter, who asked not to be identified because the discussions are private. The firm is confident of securing a valuation that reflects Sabio's market position and future growth prospects, which could run into hundreds of millions of pounds.
The renewed sales process also comes at a time when the market for technology assets is hot. Investors are increasingly looking toward opportunities in technology-driven companies that support digital infrastructure and improve operational efficiencies. It is in this context that Sabio, with its deep experience in deploying next-generation technology solutions, becomes all the more valuable.
Chief executive of Sabio Jonathan Gale, along with Horizon Capital, refused to comment on the probable sale, though observers say the timing is great in the present investment climate, given that Sabio has provided such strong performance metrics.
This renewed interest in selling Sabio forms part of Horizon Capital's broader strategy of maximizing returns on its investment and redeploying that capital into other high-growth opportunities. The firm's portfolio spans various sectors, including healthcare, software, and consumer businesses-all aligned with the firm's strategic focus on companies with strong growth potential underpinned by operational excellence.
It will be intriguing to follow the development of a sale process, where the parties would become the front-runner in the biddings for Sabio. The result of this deal may be indicative of larger market trends and investor sentiment toward the technology services segment.
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Author: John Miller
