104 LAWYER MONTHLY JUNE 2023 NorthEdge Backs the Management Buyout of Cezanne HR About the Deal EM Law’s corporate finance team has advised Cezanne HR Limited (Cezanne) in connection with an MBO into Cezanne by Northern-based private equity firm NorthEdge. Trusted by thousands of HR professionals in the UK and worldwide, Cezanne is a leading UK provider of flexible HR software and payroll services. With customers across virtually every sector, from finance and legal to high tech and performing arts, Cezanne provides a comprehensive software proposition for midsize businesses that takes the cost and complexity out of HR, improves employee engagement and boosts insight and compliance. Cezanne serves users in over 120 countries worldwide and has experienced significant growth over the last four years. Manchester-headquartered NorthEdge is backing the growth plan of Cezanne co-founder and chief executive Alberto Gabbai, chief operating officer John Hixon and their team. The private equity backing is intended to support customer acquisition and retention in addition to further product development and investment in people. NorthEdge’s SME Fund I funded the investment, led by partner and chief investment officer Jon Pickering alongside director Dan Matkin and investment manager Simone Masterson. Matkin will join the board on behalf of NorthEdge, while Ian Kelly joins as non-executive chair. “The partnership with NorthEdge marks the beginning of an exciting new chapter for Cezanne HR,” said Cezanne chief executive Alberto Gabbai. “NorthEdge’s support will give us more strength, financially and otherwise, to accelerate our growth towards becoming the leading provider of cloud-based leading-edge HR and payroll solutions to the UK market.” Transaction Interview Advisor to Cezanne HR:
RkJQdWJsaXNoZXIy Mjk3Mzkz