We have advised the shareholders of Newcastle-based HR SaaS provider Hive HR, including Maven Capital Partners, on its sale to WorkBuzz, which is backed by YFM Equity Partners, Foresight Group and Mercia Asset Management PLC.

Our Corporate Finance team was delighted to act on this transaction. It was led by Partner Brett Marsden, with support from Corporate Finance Manager Joe Donnelly.

The deal brings together two trusted teams with a shared belief that when employees are heard, organisations become better places to work and perform. It also allows Hive HR’s long-term investors to realise value on their investment, while the management team continues to support the growth of the combined business.

Brett Marsden, Partner at bk plus, said:

“This was a particularly rewarding and interesting deal for bk plus, advising and bringing together institutional private equity investors, government-backed growth funds, high-net-worth investors and the management team. A great example of the work we’re doing to support shareholders through complex transactions.”

Michael Vassallo, Investment Partner at Maven, said:

“Big thanks Brett and team. Very pleased with this result and your significant contribution to getting the deal over the line. That’s two in a row now, great work!”

If you are considering a sale, investment or other transaction, get in touch with our Corporate Finance team to see how we can support you.