Human Capital: Mobeus’ investment in LACE Partners
Armstrong is pleased to have provided commercial due diligence (CDD) in support of Mobeus Equity Partners’ investment in LACE Partners (LACE), a fast-growing HR transformation consultancy.
LACE focuses on optimising and transforming the HR functions of large corporates. Founded in 2014, it has established itself as a specialist leader in the HR consulting market, with an impressive client list, including multinational FTSE 100 companies. LACE leverages the experience and thought leadership of its highly skilled staff base to support HR directors and Chief People Officers (CPOs) to deliver on their strategic aims. LACE’s services include complex HR and payroll transformation projects, including people strategy and organisational design, employee experience, and systems implementation, as well as the delivery of data and analytics insight.
Mobeus’s investment and support will help LACE to grow the capability and scale of its practice areas, given the increasing demand for its services.
Armstrong provided full scope CDD including in-depth interviews with LACE’s customers, alongside competitors and CPOs. Our commercial strategy work validated the firm’s growth strategy together with a detailed analysis of market drivers and the macro environment. Armstrong also assessed LACE’s ability to scale through adding talent in a competitive jobs market.
Freddie Bacon, Investment Director at Mobeus said: “The Armstrong team were critical in deepening our understanding of LACE’s core business and validating the scale of the opportunity in its core market. They delivered an in-depth report leveraging their experience in the sector and provided clear commercial insights to support our investment hypothesis. We thank the team for all the hard work they put into the report and look forward to working with them again in the future.”
Solomon Ishack, Senior Consultant at Armstrong said: “We really enjoyed working with LACE and Mobeus, and are delighted to have helped on this transaction. LACE is a high-quality business with an impressive management team, with great expertise in HR transformation. There is an exciting opportunity for LACE to grow, and we look forward to seeing the success of the firm going forward.”
If you are interested in talking to Armstrong about opportunities in the human capital management and professional services sectors, please contact:
Solomon Ishack, Senior Consultant
[email protected]
+44 7943 036633
Matt McNally, Head of Human Capital Management
[email protected]
+44 7894 736523
Simon Hemsley, Head of Business Services
[email protected]
+44 7957 340534