Ethos invests in People Value

Harwood Private Capital provided senior debt to support the deal.

Ethos deploys equity tickets of £3-10m, funded on a deal-by-deal basis.

The firm invests in UK-based companies with minimum EBITDA of £1m and enterprise values in the £5-30m range. It targets majority and minority acquisitions, via both buyouts and growth capital transactions. 

Company
Founded in 2002 and headquartered in Wheatley, Oxfordshire, People Value provides software for organisations looking to improve employee engagement and performance by delivering reward and recognition, benefits and wellbeing solutions.

The company serves 400 customers, from SMEs to large enterprises.

People
Ethos Partners – Pascal Wittet (partner).
People Value – Andy Caldicott (CEO).

Advisers
Equity – BDO (financial due diligence); Latitude Consulting (commercial due diligence); Polestar (debt advisory); Harrison Clark Rickerbys (legal).

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