Jamieson is delighted to announce that it has advised the management team of Zellis Group (“Zellis”) on the successful sale of the business from Bain Capital to Apax.
Headquartered in Bristol, Zellis is an award-winning payroll and HR solutions provider that operates in the UK, Ireland, India and the Philippines. As a new partner, Apax will support the ambitious growth plans of Zellis’s established management team through organic and M&A investment.
Commenting on the announcement, John Petter, CEO of Zellis, said: “We received outstanding support from Jamieson during the twists and turns of a long and complex process. The team we worked with was brilliant and an absolute pleasure to work with too. Their advice was absolutely spot-on and when things moved quickly and decisively towards the end of the process they were with us right up to finish line. I would recommend them strongly to any PE CEO who is considering how to run an effective transaction process and secure a fair outcome for the efforts of his or her team.”
Stuart Coventry, Jonny Jones, Alexander Wilson and Alison Dunning advised the management team on their re-investment in the new structure and the terms of the new management equity arrangements
