Horizon Capital Is Said to Revive Sale of IT Services Firm Sabio

Horizon Capital has revived plans to sell technology services firm Sabio Group, according to people with knowledge of the matter said.

The private equity firm is working with HSBC Holdings Plc on the potential divestment of Sabio, which could be valued at £300 million to £400 million ($401 million to $535 million), the people said. Deliberations are ongoing and Horizon Capital could decide to keep the business for longer, said the people, who asked not to be identified as the information is private.

Founded in 1998, Sabio provides digital customer services such as virtual assistant, customer journey analytics and live ...