Epassi Group Acquires UK-based Zest

FPE Capital Acquires Zest Technology

July 23, 2021

Cloud & SaaS

FPE Capital LLP has acquired Zest Technology, a UK-based employee benefits SaaS provider previously owned by Fintel plc. FPE said it will support Zest’s international expansion and scale the executive team to accelerate growth in the UK and beyond.

Accenture Acquires Zestgroup

December 16, 2021

Energy

Accenture has acquired Zestgroup, a Netherlands-based services firm specializing in energy transitions, net-zero projects and renewable procurement. The undisclosed deal brings over 120 Zestgroup professionals into Accenture Operations to expand Accenture's sustainability, procurement and energy-reconciliation capabilities and integrate with its SynOps platform.

Epassi Group Acquires VIP District

June 17, 2025

Cloud & SaaS

Epassi Group has acquired VIP District, a Madrid-headquartered employee engagement and rewards platform, expanding Epassi’s footprint into Spain and Portugal and strengthening its pan‑European employee benefits offering. The deal brings VIP District’s ~3,000 corporate customers and digital engagement capabilities into Epassi’s multi-benefit, mobile-first platform.

TA Associates & Warburg Pincus Acquire Epassi Group; Epassi Acquires Exercite from Waterland

August 9, 2023

Staffing & HR

Funds advised by TA Associates and Warburg Pincus completed a majority investment in Helsinki-based Epassi Group (acquiring the stake from Bregal Milestone). Simultaneously, Epassi announced the strategic acquisition of Exercite (owner of Hansefit, Bedrijfsfitness Nederland and Fitbase) from Waterland and the Exercite founders, expanding Epassi's footprint into Germany and the Netherlands and materially increasing its merchant and corporate customer network.

Focus Group (Bowmark-backed) Makes Strategic Investment in Zest4

January 26, 2023

Telecommunications

Bowmark-backed Focus Group has made a strategic investment in Zest4, a UK channel-focused unified communications wholesale provider. The investment is intended to accelerate Focus Group's regional expansion, strengthen its channel offering and create new growth opportunities while allowing Zest4 to scale alongside Focus Group's existing direct business.

Apax Partners Acquires Zellis Group from Bain Capital

April 15, 2024

Cloud & SaaS

Funds advised by Apax Partners LLP have entered a definitive agreement to acquire Zellis Group from Bain Capital. Zellis is a leading UK and Ireland payroll, HR and benefits software provider (headquartered in Bristol) with a high degree of recurring revenue, serving around one third of the FTSE 100 and processing pay for roughly 5 million people monthly; Apax said it will support further investments and M&A to accelerate growth.