Hogenhouck advises Cammio on its sale to StepStone

Axel Springer subsidiary StepStone has acquired Cammio, a Dutch video recruiting platform that is seeing demand for its services boom as companies shift their recruitment processes online in the face of covid-19.

With over twenty online job boards, StepStone is one of Europe’s largest platforms for recruiters and job seekers. The company, which was acquired by Germany’s Axel Springer (the parent of among others Business Insider) eleven years ago, employs more than 3,500 people.

The company’s acquisition of Cammio is part of its drive to enhance its offerings in the increasingly digital talent journey space, said Sebastian Dettmers, the chief executive of StepStone. “In the future, the entire recruiting process will increasingly take place digitally and via video,” he said.

“With Cammio, we can make recruitment even more flexible, so that talents and companies can find each other quickly and at any time.” 

Cammio provides its clients – including the likes of Aegon and Randstad – with video solutions to support the entire application process – from the first contact with candidates and job interviews to the selection and recruitment of new employees. The firm was founded in 2013, and currently employs a 20-strong team in The Hague and Düsseldorf. 

The two companies have been working together for a few months, with StepStone offering Cammio’s functionality to recruiters in several countries since April. Based on the success of this pilot, StepStone’s management decided to pursue a full acquisition. 

As part of the integration, Cammio co-founder Walter Hueber (he co-founded the firm with Bas Dirkse) will continue to manage the company after the takeover by the StepStone Group. Commenting on the deal, he said: “This enables us to further develop our tool and to drive our international growth strategy forward.”

Cammio’s founding duo as well as the co-investors were advised during the sale process by Hogenhouck, a boutique Dutch M&A consultancy. “We wish them the very best with their international ambitions,” said Mark van Beusekom (Partner) and Cedric Baerts (Associate).