TopSource Worldwide acquires Compandben


Posted September 30, 2021 by ellief

Growth plans continue at pace with third acquisition in nine months for Horizon Capital backed business

 
TopSource Worldwide has acquired Compandben, one of the first global Employer of Record (EOR) and multi-country payroll (MCP) businesses. This is the third acquisition in nine months for the Horizon Capital backed employer services, payroll and EOR provider.

Compandben was founded in Switzerland in 2001 and is one of the longest established international providers of employment solutions including global HR support, global payroll and Employer of Record services to over 80 clients across 89 countries, including a range of US universities, NGOs and ambitious global businesses.

The combination of the businesses will support TopSource Worldwide in its strategy to become the leading global EOR and MCP business. Guil Hastings, CEO, commented: “I am excited to be joining forces with one of the most established businesses in our space. Compandben has grown over 20 years to be a well-respected leader in supporting the growth ambitions of organisations worldwide.”

He continued, “Whilst we increase our breadth of geographic coverage, we are also increasing our payroll and EOR capabilities. We anticipate service to Compandben clients to be positively transformed by our ‘PEO Hub’ and workflow software.”

John Tinsley, founder and CEO at Compandben said: “I’ve known Guil for many years and kept a keen eye on TopSource Worldwide, watching the business go from strength to strength. The company has a great team and a respected reputation in the marketplace. When the opportunity arose, it seemed like a great fit for both our Compandben customers and team.”

Tom Maizels, Director at Horizon Capital added: “Compandben brings deep experience and expertise in the group and the combination of the two businesses is an important step in our journey to create the leading global employer services business with truly international payroll, EOR and MCP coverage. We look forward to continuing our support of TopSource Worldwide’s organic growth and M&A strategies.”

ENDS



Notes to Editors:

About TopSource Worldwide
TopSource Worldwide provides a complete suite of employer services that allows clients to employ and pay people promptly, consistently and compliantly, locally and internationally as it suits their business needs.
TopSource Worldwide is backed by Horizon Capital and has an international footprint and the far-reaching expertise needed to truly support clients with their local payroll, global Employer of Record or global payroll needs.
Payroll anywhere. Employ everywhere.
For more information, please visit - www.topsourceworldwide.com

About Compandben
Compandben was founded in Switzerland in 2001 and is one of the longest established international providers of HR related services including global HR support, and international payroll and Employer of Record solutions. The company services over 80 clients across 89 countries, including a range of US universities, NGOs and ambitious global businesses and it has in the past provided services in countries such as Brunei, the Falkland Isles, and Mongolia.

For more information, please visit - https://compandben.com

About Horizon Capital
Horizon Capital is a private equity investor specialising in technology and business services. The firm was established by senior investment professionals who identified a significant market opportunity to invest in businesses in these sectors valued up to £50m.
The partnership prides itself on its approach to helping business owners and managers realise their ambitions. Buy and build is at the heart of every Horizon Capital investment and the firm is a market leader in supporting companies pursuing this strategy.
Horizon Capital has a proven track record in generating premium returns on investments. The unprecedented growth it delivers in its portfolio companies has been underpinned by deep and long-term investor relationships that span across two decades.
For more information, please visit - www.horizoncapital.co.uk
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Contact Email [email protected]
Issued By TopSource Worlwide
Country United Kingdom
Categories Business , Human Resources
Tags employer services
Last Updated September 30, 2021