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NorthEdge invests in HR software specialist

Lower mid-market private equity firm, NorthEdge, has backed a primary MBO in Cezanne HR, a UK provider of cloud-based human capital management (HCM) software and payroll services.

Lower mid-market private equity firm, NorthEdge, has backed a primary MBO in Cezanne HR, a UK provider of cloud-based human capital management (HCM) software and payroll services.

The investment was funded from NorthEdge’s SME Fund I, and was led by Jon Pickering, partner and chief investment officer, Dan Matkin, director and Simone Masterson, investment manager. The deal will see Matkin join the board on behalf of NorthEdge, alongside Ian Kelly who joins as non-executive chair.

According to a its website, Cezanne provides a software proposition for mid-size businesses across the UK and internationally that covers the entire employee lifecycle, helping to streamline and simplify HR processes, provide better HR insight, improve employee engagement and reduce data administration. The pureplay SaaS business serves users in over 120 countries worldwide and has experienced significant growth over the last four years.
 
NorthEdge was advised by PWC (corporate finance), DWF (legal), Graph Strategy and Megabuyte (commercial due diligence), BDO (financial and tax due diligence), Crosslake (technology due diligence) and KPMG (tax structuring). Cezanne HR was advised by EM Law.

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