Novare Human Capital
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Novare Human Capital - overview
Established
2001
Location
Stockholm, -, Sweden
Primary Industry
Outsourcing
About
Novare Human Capital is a specialized consulting firm focused on recruitment, executive search, and leadership development, aiming to enhance organizational performance through strategic human capital solutions. Founded in 2001 by Fredrik Hillelson in Stockholm, Sweden, Novare Human Capital operates in the recruitment and consulting sector. The firm has engaged in two deals since its inception, focusing on tailored human capital solutions for clients across various industries and sectors. Novare specializes in recruitment, consulting solutions, and leadership training across various sectors and industries, catering to a diverse client base that ranges from entry-level positions to executive roles.
The company's core services include executive search, recruitment for specialized roles, interim staffing, and comprehensive leadership development programs. Novare operates through a group of seven specialist firms, each contributing unique expertise to meet both private and public sector needs, thereby facilitating a holistic approach to human capital development. Their client base spans numerous geographical markets, including Sweden and broader Nordic regions, focusing on helping organizations enhance their productivity and performance by investing in their human resources. In the most recent year of 2022, Novare reported a revenue of USD 5.
02 mn and an EBITDA of USD 458,171. The company generates revenue through its services by engaging in direct transactions with businesses seeking recruitment and consulting support. Novare's revenue model is primarily B2B, where clients engage for tailored solutions, often structured as service agreements or contracts. Specific services, such as executive recruitment and leadership training, are priced based on the complexity and scope of each project, ensuring clients receive specialized support tailored to their organizational needs.
In the coming years, Novare Human Capital plans to expand its offerings and geographic presence. The company is focused on developing new leadership training programs aimed at enhancing executive competencies, with a targeted release in 2024. Additionally, Novare aims to enter new markets within the Nordic region, specifically targeting Denmark and Norway by 2025. Recent funding will be directed towards these initiatives, particularly in enhancing product development and marketing efforts to facilitate this geographic expansion.
In a recent strategic move, Investor AB sold its stake in the company.
Primary Industry
Outsourcing
Sub Industries
Human Resources Services
Website
www.novare.se
Total Amount Raised
Subscriber access only
Novare Human Capital - timeline of key events
Novare Human Capital - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 75,895,000 | 56,335,000 | 81,815,000 | 16,221,000 | 19,077,000 | 23,741,000 | 22,463,000 | 35,325,000 | 52,264,000 | 51,736,000 | 50,307,000 | - | - | - |
| % Revenue Growth (YoY) | - | (25.8%) | 45.2% | (80.2%) | 17.6% | 24.4% | (5.4%) | 57.3% | 48.0% | (1.0%) | (2.8%) | - | - | - |
| EBITDA (USD) | 13,614,000 | 5,743,000 | 9,087,000 | (3,507,000) | 1,708,000 | (4,701,000) | (6,530,000) | (1,583,000) | 1,452,000 | 5,765,000 | 6,490,000 | - | - | - |
| Operating Income (USD) | 10,814,000 | 2,819,000 | 5,268,000 | (3,763,000) | 1,092,000 | (5,686,000) | (7,413,000) | (2,470,000) | 575,000 | 4,896,000 | 6,006,000 | - | - | - |
| Operating Margin | 14.2% | 5.0% | 6.4% | (23.2%) | 5.7% | (24.0%) | (33.0%) | (7.0%) | 1.1% | 9.5% | 11.9% | - | - | - |
| % EBITDA Margin | 17.9% | 10.2% | 11.1% | (21.6%) | 9.0% | (19.8%) | (29.1%) | (4.5%) | 2.8% | 11.1% | 12.9% | - | - | - |
| NET Income (USD) | 5,156,000 | 1,144,000 | 2,316,000 | 4,539,000 | 6,074,000 | 17,027,000 | 9,651,000 | 17,793,000 | 4,530,000 | 33,674,000 | 24,544,000 | - | - | - |
| % Net Margin | 6.8% | 2.0% | 2.8% | 28.0% | 31.8% | 71.7% | 43.0% | 50.4% | 8.7% | 65.1% | 48.8% | - | - | - |
Novare Human Capital - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Nordic Interim Executive Solutions AB | - | ||||||||
| Growth | Completed | Novare Human Capital | - | ||||||||
| Unspecified Exit | Completed | Novare Human Capital | - |
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Novare Human Capital - employee data
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