Zellis Group Acquires Benify from Vitruvian Partners
September 3, 2024
Zellis Group, a portfolio company of funds advised by Apax Partners, has agreed to acquire Benify from Vitruvian Partners and will combine Benify with its Benefex benefits administration and employee engagement business. Vitruvian will take a minority stake in Zellis alongside the Apax Funds; the deal creates a larger global benefits, rewards and employee engagement SaaS provider serving thousands of employers and millions of employees. Financial terms were not disclosed and the transaction is subject to customary closing conditions.
- Buyers
- Zellis Group, Apax Partners
- Targets
- Benify
- Sellers
- Vitruvian Partners
- Platforms
- Zellis Group
- Industry
- Cloud & SaaS
- Location
- Sweden
- Transaction Type
- Addon
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