Omni Partners has sold its majority stake in wellbeing and employee benefits provider Vivup to growth equity firm Great Hill Partners, with the transaction subject to FCA approval and expected to close in Q2 2024.
Omni first invested in Vivup in late 2022 and has overseen organic revenue increases at a 44% CAGR, headcount doubling to more than 160 employees, a nearly 8× increase of the company’s client base and the completion of two acquisitions.
This transaction will also see Vivup combine with global benefits and reward platform Perkbox and enable the combined entity to scale its go-to-market capabilities, innovate its product offering and accelerate organic and inorganic growth opportunities, according to a press release. Omni will maintain a minority stake in the new business.
Vivup and Omni were advised by Mayer Brown and RSM. Great Hill were advised by Sidley Austin and Alvarez & Marsal.
