DarkLight mode
News – 19.12.24
Buzzacott advises Rose Street Partners on its investment in Kenwood Damp Proofing PLC
Discover how Buzzacott supported Rose Street Partners on its investment in Kenwood Damp Proofing PLC … Read more
Insight – 18.12.24
Start-up guide: Everything you need to know about Tronc schemes to set your new hospitality business up for success
One challenge for new hospitality businesses is the management of tips and service charges. … Read more
Upcoming event – 16.01.25
VAT on Private School fees training
This in-depth, interactive training seminar is designed to provide school administrators, bursars, finance officers, accountants, and trustees with tailored support and expert insights on the practical implementation of VAT. … Read more
Find us quickly
130 Wood Street, London, EC2V 6DL
enquiries@buzzacott.co.uk T +44 (0)20 7556 1200
Client: Leesman Limited
Type of deal: Sale
Sector: Employee experience
Value: Undisclosed
Date: June 2022
We are delighted to have been involved in Leesman’s journey to an exit from the early stages, and ultimately to have supported the business in finding an excellent buyer in HqO.
Leesman is a world leader in measuring and analysing the experiences of employees in their workplaces, having collated valuable data over 12 years.
HqO is a US based end-to-end tenant workplace experience platform and completed its most recent Series C fundraise in April 2021.
Leesman is a truly one-of-a-kind business and has gathered the world’s largest dataset on workplace experience. It pivoted and innovated during the pandemic to continue to be of critical importance to its clients in informing decisions about return to the office and the future of work, which was interesting for us at Buzzacott to have insight into during the period we were advising them.
Culture and fit were extremely important for the shareholders of Leesman in finding a buyer, so we worked closely with them to understand these goals and ensure that the two parties were fully aligned on the future potential of the two businesses and synergies.
This deal marks yet another transaction for the Buzzacott team in selling UK-headquartered businesses to US buyers. There were some barriers to overcome with regards to different legislations and practices, as well as the time difference, but with our experience in cross-border transactions, we were able to work through these with a fully collaborative approach. We completed the transaction swiftly so that Leesman and HqO could focus on their combined offering as soon as possible.
To see further transactions that we have advised on, please see our transactions page.
When you’ve spent 12 years building a business for this moment, you want to work with people who see more than just the transaction. There’s a huge weight of trust and responsibility shouldered by the advisors you gather around you, but I wanted a team that would feel more like an extension of our own business, rather than merely external advisors. Buzzacott achieved this very early on in the relationship and congratulations are due to them for pushing us as they did. Meera did an outstanding job at the helm, with Matt’s experience in oversight and Sri’s operational delivery providing a brilliant team structure. The deal we did was testament to their deep understanding of us, our business and their staying power.
Tim Oldman, Founder and CEO of Leesman
If you would like to receive notifications of our future deals, or insights from our team on raising finance or selling a business, complete the form below to sign up to our mailing list. You can also leave us a question regarding our services in the text box, and one of our team members will be in touch.
Corporate Finance Transactions
1
26 May 2022
19 April 2022
Meera Shah.jpg)
Sriram Ainkaran
Contact us
6
