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Announced

Completed

Horizon Capital completed the acquisition of TopSource and PEO Worldwide for £22m.

Financials

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Transaction Value£22m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Single Bidder

Majority

Payroll

Acquisition

Completed

Private Equity

hr services

payroll

Private

Friendly

Domestic

Synopsis

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Horizon Capital, a private equity firm, completed the acquisition of payroll and HR solutions providers TopSource and PEO Worldwide, for £22m. “This is an exciting opportunity for PEO to combine with a high quality business in the employment solutions sector. By combining our skills and knowledge we can expand our premium service capabilities and launch into new markets," Paul Sleath, PEO Co-Founder.

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