activpayroll secures investment from Tenzing
Aberdeen-headquartered global payroll specialist activpayroll has secured investment from Tenzing Private Equity.
The amount invested my Tenzing remains undisclosed.
This investment supports activpayroll’s strategic vision to continue to expand both domestically and internationally whilst delivering best in class bespoke payroll and mobility solutions to customers, large or small across all industry sectors.
Tenzing has backed activpayroll’s senior management team, led by founder CEO Alison Sellar and COO Euan Sellar.
Tenzing’s investment, its team and its entrepreneurs panel will support the company with continued technical product development, investment in sales and developing its acquisition and international strategy, to ensure the business continues to expand and remains at the forefront of the global payroll market.
Activpayroll is a global professional service organisation, providing integrated global and domestic payroll solutions, expatriate taxation services and online HR people management tools to over 1,000 companies in more than 140 countries worldwide.
Tenzing Private Equity is an independent private equity firm, based in London, that targets investments in high growth businesses, across the UK and Ireland. The firm invests in niche market leaders and challenger businesses across a broad range of industry sectors.
Activpayroll was advised on the investment by PwC Corporate Finance and Addleshaw Goddard. Tenzing was advised by Atlantra Corporate Finance, PwC, Osborne Clarke, Intuitus, and Continuum.
Alison Sellar OBE, founder and CEO of activpayroll, said: “Over recent years activpayroll has expanded significantly whilst maintaining an extremely high level of customer satisfaction and this must be attributed to the activpayroll team. We look forward to working in close cooperation with the Tenzing team and accessing their growth eco-system to continue the exciting activpayroll journey.”
Guy Gillon, managing partner at Tenzing, said: “We’re absolutely delighted to have backed Alison, Euan and the activpayroll team to take activpayroll on the journey to becoming the undisputed market leader in international payroll. We are as excited as the activpayroll team about the next stage of their impressive journey and share their significant ambitions for the business. We are very much looking forward to supporting the team at this exciting time.
“We are as excited as the activpayroll team about the next stage of their impressive journey and share their significant ambitions for the business. We are very much looking forward to supporting the team at this exciting time.”