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Vivup provides employee health and wellbeing benefits to over 550 public and private sector organisations, supporting more than 1.5 million employees mentally, physically and financially through bespoke benefits programmes.
The buy-out, supported by an investment from Omni Partners, will further expand the company's offering to employees across the UK and other jurisdictions. The transaction is set to be completed in Q3 of 2022, subject to customary closing conditions, including FCA authorisation.
TLT’s Ian Roberts led on the deal, supported by Philip Barratt and Sam Jones, advising Vivup’s Sellers and Management team.
Simon Moyle, CEO of Vivup commented:
“Times are changing and now more than ever employers are focused on the welfare of their staff and fostering a work environment which engages and empowers their people.
We are committed to providing word-class employee health and wellbeing benefits and this MBO will allow us to further enhance our offering and continue to transform work cultures through impactful benefit programmes. We are grateful to the team at TLT for their guidance throughout the MBO which proved invaluable.”
Ian Roberts, corporate partner at TLT, said:
“Employee wellbeing and retention is key to business growth, especially against the current backdrop of such a volatile job market and the Great Resignation. Vivup’s innovative approach to employee benefits gives businesses the tools they need to prioritise the wellbeing of their people which, in turn, contributes to a thriving and successful business.
It has been a pleasure to support Vivup during this milestone and we look forward to seeing what comes next.”
21 July 2022