M&A Deal Summary

Tenzing Private Equity Acquires Payroll Software & Services Group

On September 23, 2020, growth capital firm Tenzing Private Equity acquired software company Payroll Software & Services Group

Acquisition Highlights
  • This is Tenzing Private Equity’s 2nd transaction in the Software sector.
  • This is Tenzing Private Equity’s 9th transaction in the United Kingdom.

M&A Deal Summary

Date 2020-09-23
Target Payroll Software & Services Group
Sector Software
Buyer(s) Tenzing Private Equity
Deal Type Consolidation

Target

Payroll Software & Services Group

Newcastle upon Tyne, United Kingdom
Payroll Software & Services Group is a provider of software and outsourcing solutions for HR, Payroll, and Business Support in the UK and International markets. Payroll Software & Services Group is based in Newcastle upon Tyne, United Kingdom.

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Buyer(S) 1

DESCRIPTION

Tenzing Private Equity is a growth oriented private equity investor focused on in founder owned tech and tech-enabled businesses. The Firm seeks businesses valued from £50 to £200 million and operating in the UK and Northern Europe. Target companies typically exhibit high recurring revenue with strong organic growth and provide mission critical B2B products/services. Tenzing Private Equity Was formed in 2015 and is headquartered in London.


DEAL STATS #
Overall 9 of 21
Sector: Software M&A 2 of 6
Type: Consolidation M&A Deals 1 of 1
Country: United Kingdom M&A 9 of 19
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-29 Activpayroll

Aberdeen, United Kingdom

Activpayroll is a global professional service organization, providing integrated global and domestic payroll solutions; expatriate taxation services, and online HR people management tools to over 1,000 companies in more than 140 countries worldwide. With offices in Australia, Singapore, Dubai, South Africa, Germany, France, the UK, and the USA. Activpayroll was founded in 2001 and is based in Aberdeen, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-27 VIPR Solutions

London, United Kingdom

VIPR Solutions is a provider of back-office insurance software operating in a niche within the UK insurance market. VIPR Solutions was formed in 2009 and is based in London, United Kingdom.

Buy -