Limerston Capital Partners I, L.P. announce the acquisition of AdviserPlus

Limerston Capital LLP (“Limerston Capital”) is pleased to announce the second investment of its debut fund, Limerston Capital Partners I, L.P. – the acquisition of AdviserPlus Business Holdings Ltd (“AdviserPlus”), one of the UK’s leading providers of HR advisory solutions employing 300 employees.

Working with large organisations and FTSE 100 companies, AdviserPlus enables its clients to sustainably 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 has a wide ranging client base that includes UK public and private companies, as well as public sector organisations.

Joao Rosa, Limerston Capital Founding Partner, said “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, said “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, said “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.”

About Limerston Capital
Limerston Capital was founded by Joao Rosa (formerly of TDR Capital and Anchorage Capital Group), James Paget (formerly of UBS, Goldman Sachs and JP Morgan) and Martim Avillez (formerly of Nomura, HSBC and Citi). They are joined by a fully integrated team of operating partners, participating in all aspects of deal origination, value creation and portfolio management.  Limerston Capital pursues control investments in UK lower mid-market companies and seeks to create value through the firm’s operationally focused model. The firm targets businesses with EBITDA of between £4 million and £10 million, that have a solid value proposition, but have potential for operational improvements, have mispriced underlying returns on capital or provide opportunities for strategic repositioning and consolidation. AdviserPlus is the second investment of Limerston Capital Partners I, L.P., the team’s debut fund, following the successful acquisition of Spark Energy in August 2016.

For more information, please contact:

Joao Rosa
Limerston Capital Founding Partner
joao.rosa@limerstoncap.com

James Paget
Limerston Capital Founding Partner
james.paget@limerstoncap.com

Martim Avillez
Limerston Capital Founding Partner
martim.avillez@limerstoncap.com

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