Limerston Capital’s debut fund has made its second investment with the acquisition of AdviserPlus, a UK-based provider of HR advisory solutions employing 300 employees.
Working with large organisations and FTSE 100 companies, AdviserPlus enables its clients to optimise people performance and business results.
AdviserPlus delivers a range of managed HR solutions – from outsourced HR advice, coaching and case management services for line managers, to HR technology solutions that support the delivery of HR services.
Solutions include data analytics and business insights to enable improved corporate governance, performance and strategic planning.
AdviserPlus’ client base includes UK public and private companies, as well as public sector organisations.
Joao Rosa, Limerston Capital founding partner, says: “AdviserPlus is an excellent platform for Limerston Capital to enter the fast growing market of HR outsourcing. We are delighted to back AdviserPlus and its successful management team. Limerston Capital’s focus on value creation through operational improvements will enable AdviserPlus to continue to develop, improve, grow existing customer relationships and establish client relationships in new market segments.”
Chris Clarke, AdviserPlus CEO, says: “We are proud of what we have achieved at AdviserPlus and see tremendous growth opportunities in the years ahead. Limerston Capital is an ideal partner to help us harness these opportunities by providing additional financial resources for investment together with strong operational and commercial skills that complement the existing AdviserPlus team.”
Julian Harley, Limerston Capital operating partner, says: “I am delighted that we have been able to acquire AdviserPlus. Chris and her excellent team have built an industry leading business with an outstanding reputation for top quality delivery and customer service. I am looking forward to working closely with the team to help them to continue to grow the company, both organically and through selective acquisition opportunities.”