International legal practice Osborne Clarke has advised the management team of Reward Gateway, global HR technology and employee engagement company, on their agreements associated with the recently announced sale to private equity firms Abry Partners and Castik Capital. The transaction is subject to customary closing conditions.
Reward Gateway offers a leading SaaS employee engagement platform that centralizes employee reward and recognition, discounts, communications, surveys, wellbeing and flexible benefits. Its strategic products support companies with today’s most difficult people challenges, such as the digitization of the workplace, attracting and retaining talent, aligning and supporting remote workforces and handling complex cultural issues. Previously backed by Great Hill Partners, the company has seen more than 180% growth in revenue since 2015 and currently supports more than 1,900 customers with over five million employees globally.
The Osborne Clarke team was led by Partner Tim Hewens with support from Senior Associate Leanne Maund (both from the Private Equity team) together with tax Partner David Nisbet.
Osborne Clarke’s corporate team are considered a go-to practice working with leading global businesses, fast-growth start-ups, market challengers and tech industry investors. The team advises investors in their strategic investment and companies at every stage of the corporate life cycle including equity and debt fundraisings, M&A, IPOs and joint ventures.