The Riverside Company, a global private equity investor focused on the smaller end of the middle market, has divested its interest in Brookson Group Limited through a sale to People2.0, a TPG portfolio company. Brookson is the leading compliance and services platform for freelancers and their hirers throughout the United Kingdom. Brookson maintains one of longest tenured customer bases in the industry.
Brookson uses its proprietary cloud-based SaaS platform, Brookson Connect, embellished by exemplary levels of professional services, to reduce the effort and hassle for each of its customer segments, providing the best advisory, compliance and administrative services they need – with a mission to revolutionise professional services for the changing world of work.
Riverside acquired Brookson in November 2014 and added to this substantially with the acquisitions of 1st Group in 2017 and InTouch Accounting in 2018. These acquisitions introduced a number of incremental bespoke services to the Brookson offering and expanded the company’s customer base significantly. In addition, Riverside effected the add-on of Boomerang Support Services in 2016.
Riverside was advised by Houlihan Lokey (M&A) and Jones Day (Legal).
