Press Release May 12, 2020

Sale of CoreHR to the Access Group

The London Private Equity team acted for CoreHR and its shareholders, including longstanding firm clients JMI Equity and JMI Services, in connection with the sale of CoreHR to The Access Group. 

The Access Group, a portfolio company of TA Associates and Hg Capital, is a London-headquartered business management software company, specialising in HR and payroll technologies. 

CoreHR, a UK and Ireland market leader in HR and Payroll software for Mid-Market & Enterprise level businesses, provides a comprehensive suite of cloud-based HR and payroll software solutions to over a million users in 270 mid-market customers across the UK and Ireland. With a very strong presence across the Public, Government & Education, Retail, Hospitality & Leisure and FMCG, Distribution & Manufacturing sectors, CoreHR currently serves some of the UK’s best known organisations including, Aston Villa, Cineworld, JD Sports, Pfizer, Rank Group and the University of Oxford. 

JMI Equity is a growth equity firm focused on investing in leading software companies. Founded in 1992, JMI has invested in over 150 businesses in its target markets, successfully completed over 100 exits, and raised over $4 billion of committed capital. 

With the combination of Access’ existing market presence and the addition of CoreHR, The Access Group will become the HR and Payroll leader in the UK and Ireland markets, with the capabilities to support organisations of any size, with all their HR and Payroll needs. 

 The deal team was led by Gemma Roberts and Sam Bateman and Samantha Lamontagne. Specialist tax advice was provided by Katie Leah. Commercial and intellectual property advice was provided by Gretchen Scott and Rachel Thurbon.

For additional details, please read the press release.