Alantra advised Tenzing Private Equity on the £30 million buy-out of Bond HR and Payroll Software Limited, Bond Payroll Services Ltd and Eurowage Ltd, together known as FMP Global (FMP), from Bond Software International plc

Jul 2016

Buy-side advisory

Alantra has advised Tenzing Private Equity on the £30 million buy-out of Bond HR and Payroll Software Limited, Bond Payroll Services Ltd and Eurowage Ltd, together known as FMP Global (FMP), from Bond Software International plc.

FMP, founded in 2006, is the UK independent market leader in international payroll services and also provides payroll bureau services and mission critical technology solutions to its UK clients. The international payroll market is growing at 15% per year and Tenzing will support the management team with continued investment in organic growth initiatives and provide ongoing support for their acquisition strategy.

Tenzing is an independent private equity investor supporting buy-outs of high growth independent market leaders, backing high energy, driven management teams and founders to accelerate their growth in the UK lower mid-market.