06 October 2022
Our M&A and private equity team has advised on the sale of Caboodle Technology Group to Access People, a division of The Access Group, a leading provider of business management software to mid-market organisations across the UK, Ireland, and Asia Pacific.
Founded by Catherine Bennett in 2009, Caboodle provides its market-leading platform to support organisations in rewarding, recognising and retaining their workforce. The company operates out of its head office in Sandbach and services over 500,000 employees with its platform, offering one of the widest ranges of benefit schemes on the market.
Having worked with Caboodle previously, we were engaged as lead advisers to help the shareholders find the right partner to continue the company’s impressive growth journey in the rapidly expanding employee benefits market. Following a full marketing process, Access People was selected as the preferred partner – due to the business and cultural fit, and the opportunities that being part of Access People will bring to Caboodle.
The acquisition by Access People, which employs around 5,000 staff, will support the expansion of its range of HR services. Both organisations will work together to invest and develop software that will provide customers with a more comprehensive and seamless HR service.
Transaction team: Nick Wyatt, Clare Martin, Alyssia Kaczmarczyk, and Joseph Stiles.
‘We achieved a fantastic outcome for the shareholders and found a great home for the business. We’re hugely grateful to Nick and the team at RSM for their support, guidance, and management through the whole process. I would highly recommend them to anyone looking to enter a process.’
Catherine Bennett, Managing Director
Caboodle Technology Group Limited