Deal Details

Acquired by StepStone GmbH, a subsidiary of Axel Springer SE

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Summary

About

Appcast, Inc. (“Appcast” or the “Company”), a portfolio company of Baird Capital Partners (“Baird Capital”), was recently acquired by StepStone GmbH (“StepStone”), a subsidiary of Axel Springer SE (“Axel Springer”). The acquisition supports Stepstone’s growth strategy and further expands the group’s portfolio of intelligent recruiting and matching tools.

Appcast provides programmatic ad technology for online recruitment. The Company offers pay-per-applicant job ads and serves as an exchange for over 120 million job seekers on a monthly basis. Appcast also offers a SaaS product, Clickcast, a job ad bidding platform that is licensed by large recruitment ad agencies, RPOs, and job boards. Founder and CEO, Chris Forman, will continue to lead the company after the transaction. The Company is headquartered in Lebanon, New Hampshire.

Baird Capital is a global private equity firm focused on partnering with company management, founders and entrepreneurs across its sectors of focus: healthcare, industrial solutions and technology and services. Since 1989, Baird Capital has raised and managed more than $3.1 billion and invested in nearly 300 portfolio companies across a broad range of industries and transaction structures. Baird Capital is headquartered in Chicago, Illinois.

StepStone operates an online job board in Germany, used by more than 60,000 companies for the recruitment of qualified specialists and executive staff. Founded in 1996, StepStone operates over 10 brands with 60 million visits and more than 600,000 jobs per month. StepStone operates as a subsidiary of Axel Springer, the largest digital publishing house in Europe. StepStone is based in Dusseldorf, Germany.

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