Go to deals
Private Equity | Business Support Services | TMT

Xexec has sold a majority stake to Castik Capital and Abry Partners

The founding shareholders of Xexec Ltd., a leading employee engagement tech firm, have sold a majority stake to funds advised by Castik Capital S.à r.l. and leading Boston-based private equity firm Abry Partners.

Headquartered in London, Xexec is a leading provider of employee reward and recognition, benefits and discounts, concierge services and innovative employee engagement solutions for large corporations. It also offers customer loyalty programs which enable corporate clients to engage with and retain their own end customers.

“We are thrilled that Xexec will be joining our family of portfolio companies and to have this opportunity to work closely with the founders, Jacqueline Benjamin and Saul Meyer. We are impressed by their journey and look forward to accelerating and promoting Xexec’s ongoing success”, said Michael Phillips, Partner at Castik.

Brian St. Jean, Partner at Abry, said: “We were impressed by what the founders and their team have built over the years given its strong entrepreneurial spirit, its impressive customer client base, in particular within professional services, and the attractive growth opportunity in the US market. We are excited to partner with Xexec’s founders and look forward to leveraging our significant expertise in HCM software to support Xexec’s future growth.”

Oaklins Cavendish, based in the UK, acted as advisor to Xexec Ltd. in this transaction.

Parties
“Castik and Abry are the ideal partners that truly appreciate the company’s culture and have a profound knowledge of the industry. The partnership will allow to us better serve our clients, bringing enhanced engagement solutions and additional resources, in particular for sales and marketing, as we continue to expand our business and pursue bolt-on acquisitions as part of our strategy to accelerate growth. We look forward to our new partnership with the Castik and Abry teams. We commend all our outstanding team members for their commitment in growing the business into the market leader that it is today. We further thank our loyal client base for entrusting the engagement of their most precious assets – their people and customers – into the hands of Xexec.”

Jacqueline Benjamin and Saul Meyer

Founders and co-CEOs, Xexec Ltd.

Talk to the deal team

 John  Farrugia

John Farrugia

Managing Partner
London, United Kingdom
Oaklins Cavendish
 Mike  Dinsdale

Mike Dinsdale

Director
London, United Kingdom
Oaklins Cavendish
 Sam  Kavanagh

Sam Kavanagh

Director
London, United Kingdom
Oaklins Cavendish

Related deals

HC Partners has successfully raised debt financing for the acquisition of AQ Group
Private Equity | Business Support Services

HC Partners has successfully raised debt financing for the acquisition of AQ Group

HC Partners, a Netherlands-based private equity firm, has raised debt financing for its acquisition of the HVAC installation business AQ Group. The financing was provided by ING and Aegon Asset Management. The tailored debt package provides the necessary flexibility in accordance with HC Partners’ vision and AQ Group’s foreseen growth trajectory.

Learn more
Unica has agreed to acquire the Dutch fire & gas business unit from Dräger
Private Equity | Business Support Services | Construction & Engineering Services

Unica has agreed to acquire the Dutch fire & gas business unit from Dräger

Unica, one of the largest providers of technical services in the Netherlands, has signed an agreement for the acquisition of Dräger's Dutch fire & gas business unit. With this acquisition, Unica strengthens its fire safety portfolio. The acquisition of the specialist in fire and gas detection and fire extinguishing materials results in a deepening and expansion of Unica’s fire safety cluster, a leading player in integrated fire safety solutions with 450 specialists.

Learn more
Grothe Bau has been acquired by TERRAS Tiefbau Group
Private Equity | Construction & Engineering Services

Grothe Bau has been acquired by TERRAS Tiefbau Group

The private shareholder of the civil engineering company Grothe Bau Group has sold a majority stake to the TERRAS Tiefbau Group. With this transaction, the combined group reinforces its market position and future growth potential in the civil engineering sector.

Learn more