Bond Payroll Services, Bond HR & Payroll Software and FMP Global Bidco will join together to form a new company, ‘FMP Global’ officially in place from the 19th August 2016. FMP Global will specialise solely in payroll and HR services and maintain a name for being the UK’s leading independent international payroll supplier. FMP Global will keep and expand existing payroll and HR software platforms whilst also offering complimentary services as part of a complete package.
Tenzing Private Equity, who financed the buyout, will be focussing strongly on continued investment into accelerating the company’s organic growth and are excited about the acquisition:
Justin Cottrell, CEO of FMP Global said “Tenzing shares our vision for the next stage of growth, their track record and acquisition support, tenacity shown throughout the process, support for the management and cultural fit with the business and our team made them the perfect partner for the next stage of the development of our business.”
National and international customers will experience a seamless transition with the new ownership, as their current teams and points of contact will remain as they are. All parties are looking positively ahead to the future with FMP Global being the HR & Payroll sector’s ‘employer of choice’.
Justin concludes: "We are excited about investing into the business, broadening our offering and continuing to drive service excellence for our clients and partners worldwide."