20th April 2016
Hewitsons Acts on Sale of Perkz Ltd
Hewitsons’ Corporate Team has recently acted for the shareholders of Perkz Ltd, which operates an online employee benefits platform, on the sale of their shares in the company.
The purchaser was International Benefits Holdings (IBH), an investment company specialising in employee engagement software which currently generates revenues of £180m.
Perkz works with a variety of retailers to provide market-leading offers to UK and Ireland employees with exclusive discounts from leading UK retailers which have included Tesco, Bosch, Haven, Currys, PC World, Eurocamp, Super Break, Halfords, House of Fraser and Apple. Discounts range from days out to savings on theatre breaks and product savings from a variety of retail stores.
The sale to IBH was led by Hewitsons’ Neil Harpham. The deal was introduced by Spencer Partners Corporate Finance with whom Hewitsons worked closely on the transaction.
Client David Tedford, the main shareholder of Perkz, started the company in 2003 having had a successful career in sales and marketing with Shell, Unilever and Barclays.
Perkz was based in Blisworth, Northamptonshire prior to the deal but will now be headquartered in Leeds as part of the combined IBH Group.