UK employee engagement solutions provider secures majority investment
Castik Capital and Abry Partners, both leading global private equity firms, have entered into an agreement to jointly acquire a majority stake in Xexec Ltd.
Based in London, UK, Xexec is an employee engagement provider that offers a wide range of discounts and reward & recognition solutions. Through its scalable cloud-based platform, this helps companies to engage, connect, retain and motivate their staff.
Thank you to the fantastic team at Oaklins Cavendish for their unwavering support, dedication, work ethic and belief in Xexec’s mission. They were instrumental in bringing the deal to a successful completion and provided invaluable guidance throughout the process. We look forward to our new partnership with The Castik and Abry teams, who are the ideal partners as we continue to expand our business and pursue the next phase of our strategy.JACQUELINE BENJAMIN, JOINT FOUNDER AND CO-CEO, XEXEC LTD., UK
Oaklins assists in finding the right partners
Oaklins Cavendish, based in the UK, advised Xexec on the sale of a majority stake to Castik Capital and Abry Partners. Leveraging its in-depth sector knowledge of the employee benefits and rewards market, the team ran a competitive dual-track marketing process, generating strong interest from both UK-based and international trade and private equity buyers. With a tight timetable, they successfully managed this from inception to completion and negotiated equitable legal terms on behalf of the founding shareholders.
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