M&A Deal Summary

Horizon Capital UK Acquires TopSource Worldwide

On December 16, 2020, private equity firm Horizon Capital UK acquired staffing company TopSource Worldwide

Acquisition Highlights
  • This is Horizon Capital UK’s 2nd transaction in the Staffing sector.
  • This is Horizon Capital UK’s 33rd transaction in the United Kingdom.

M&A Deal Summary

Date 2020-12-16
Target TopSource Worldwide
Sector Staffing
Buyer(s) Horizon Capital UK
Deal Type Buyout (LBO, MBO, MBI)

Target

TopSource Worldwide

London, United Kingdom
TopSource Worldwide provides a comprehensive range of payroll, accounting, and HR-related services. These include gross-to-net calculation, Auto-enrolment, Workplace Pensions, BACS processing, timesheet processing, holiday tracking, staffing solutions, and much more. TopSource Worldwide was formed in 2004 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Horizon Capital UK

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Horizon Capital UK is a private equity firm that targets investments in middle-market companies valued up to £100 million. The Firm has a preference for UK-headquartered businesses and will consider opportunities in the technology services, software, data/analytics, and business services sectors. Prospective transaction situations include buyouts with potential for consolidation. Horizon Capital UK was formed in 1999 and is based in London, United Kingdom.


DEAL STATS #
Overall 37 of 45
Sector: Staffing M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 21 of 22
Country: United Kingdom M&A 33 of 41
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 PEO Worldwide

Birmingham, United Kingdom

PEO Worldwide supports companies looking to expand into new territorial markets. The company offers a full employment service internationally using its extensive infrastructure. Allowing new and established businesses to employ in country personnel without the need to incorporate in territory. Specialties include Global payroll, Global employee benefits, Employment contracts, ASO, PEO, RPO, BPO, and HCM. PEO Worldwide was formed in 2013 and is based in Birmingham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Style Analytics

London, United Kingdom

Style Analytics Ltd. is an independent provider of global investment research and portfolio analysis applications. Style Analytics was founded in 1996 and is based in London, United Kingdom.

Sell -