Advised Thomsons Online Benefits, a leading global SaaS provider of employee benefits and engagement software, on its sale to Mercer
Dec 2016
(a portfolio company of ABRY Partners)
acquired by
$310 million
  • Sector: Application Software
  • Deal Type: Strategic Deals; Founder-led Businesses; Private Equity Deals
  • Engagement type: Sellside
  • Size: $310 million
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Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Thomsons Online Benefits, a leading global software business owned by ABRY Partners and Veronis Suhler Stevenson, on its sale to Mercer, a wholly-owned subsidiary of Marsh & McLennan Companies (NYSE:MMC).

Founded in 2000 and headquartered in London, Thomsons Online Benefits is a SaaS provider of global employee benefits and employee engagement software for automated employee benefits administration. It has over 1 million worldwide users and connects employees with their benefits in over 80 countries and 24 languages. Thomsons Online Benefits also has operations in Cluj-Napoca (Romania), Singapore and San Francisco, employing approximately 500 people in total.

This acquisition combines world class consulting and broking with innovative best of breed technology that is driving transformation in the way that benefits are designed, communicated and administered. This combination meets the growing demand from multinational employers to offer a common yet locally tailored employee benefits platform that delivers the latest in creative engagement, modern design, analytic insights and administrative efficiency and support.

This transaction highlights Arma Partners’ deep expertise and strong track record in Enterprise HR / Human Capital Management Software and our long-standing track record of successful high value cross-border exits to US strategic acquirers.

– Founded in 2000 and headquartered in London, Thomsons Online Benefits is a SaaS provider of global employee benefits and employee engagement software

– In 2013-15 the company successfully transitioned from a commission business model to a technology-driven SaaS business model

– It has over 1 million worldwide users and connects employees with their benefits in over 80 countries and 24 languages

– Thomsons Online Benefits also has operations in Cluj-Napoca (Romania), Singapore and San Francisco, employing approximately 500 people in total

– Mercer is a global consulting leader in talent, health, retirement and investments helping clients around the world to advance the health, wealth and careers  of their employees

– The company employs over 20,000 employees across 43 countries and operates in over 140 countries

– It is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy and people

– This acquisition combines a world class consulting and broking with innovative best of breed technology that is driving transformation in the way that benefits are designed, communicated and administered

– This combination meets the growing demand from multinational employers to offer a common yet locally tailored employee benefits platform that delivers the latest in creative engagement, modern design, analytic insights and administrative efficiency and support

– Additionally, it will provide Thomson’s clients with world class broking and consulting, as well as offering the ability to continue to work with Thomsons as an agnostic technology solution

– Mercer approached Thomsons Online Benefits with a pre-emptive proposal. Arma Partners ensured that Mercer maintained its price under the threat of a competitive process

– This transaction highlights Arma Partners’ long-standing track record of working with European clients to secure landmark high-value exits to strategic acquirers in North America

– The transaction also illustrates Arma’s leadership in advising companies in the application software sector, leveraging Arma Partners’ deep domain expertise and first class execution capabilities