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New Deal


Announced

Completed

IRIS Software completed the acquisition of FMP Global from Tenzing for £137m.

Financials

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Transaction Value£137m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Payroll

Private

hr services

Majority

Private Equity

United Kingdom

Acquisition

Friendly

Single Bidder

Completed

Synopsis

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IRIS, a software company, completed the acquisition of FMP Global, a provider of payroll and HR services, from Tenzing, the UK lower mid-market investor, for £137m. “As part of our acquisition strategy, we continue to identify opportunities to expand both domestically and internationally where we can apply our expertise in compliance-driven software. Bringing FMP into the Group is transformative, expanding IRIS’ footprint into the US and other international markets, while also further strengthening our position in the UK payroll and HR sectors," Kevin Dady, IRIS Software Group CEO.

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