Limerston acquires AdviserPlus

Under its new ownership model, the company will look to make acquisitions and operational improvements, as well as expanding into new market segments.

The deal marks the second investment from Limerston's debut fund, which, according to various reports, is targeting to close on £250-300m. In August 2016, the GP acquired domestic electricity and gas supplier Spark Energy.

Limerston was founded in 2014 by former TDR Capital investment director Joao Rosa, former Nomura executive director Martim Avillez and former UBS investment bank managing director James Paget.

Company
Founded in 2001 and headquartered in Wirral, Yorkshire, AdviserPlus provides outsourced HR services, software and consultancy. The company has a headcount of 300 and generates a turnover of £13.7m with EBITDA of £2.4m, according to publicly available records.

People
Limerston Capital – Joao Rosa (founding partner); Julian Harley (operating partner).
AdviserPlus – Chris Clarke (CEO).

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