HMT LLP advised Mobeus on their £10.2million investment in LACE Partners, a full-service consultancy which focuses on optimising and transforming the HR functions of large corporates and multinationals.
LACE was founded in 2014 by Aaron Alburey and Cathy Acratopulo, after successful careers at international consultancies. Both worked together in Accenture’s HR and Human Performance teams, whilst Alburey formerly led Deloitte’s HR advisory practice in the UK. LACE has since established itself as a specialist leader in the HR consulting market, with an impressive client list consisting of multinational FTSE100 clients. LACE leverages the experience and thought leadership of its highly skilled staff base to support HR Directors and CPOs to deliver on their strategic aims.
The HR transformation market has expanded significantly as HR functions have proven themselves to be mission critical for broader business success and due to increased complexity and digital requirements. LACE, as a leading and rapidly growing specialist consultancy, is able to meet these challenges with an offering which encompasses a range of services focused on fulfilling the needs of HR Directors and CPOs. These include complex change projects for HR and payroll including people strategy and organisational design, employee experience, and systems, as well as the delivery of data and analytics insight.
Mobeus will support LACE in expanding the capability and scale of its practice areas, given the increasing demand for its services, through organic and acquisitive growth.
HMT undertook financial due diligence on this transaction.
Freddie Bacon, Investment Director at Mobeus commented:
“The help from the team at HMT was invaluable during the whole process. They showed professionalism and expertise providing us with clear and concise advice on a short time frame. Their valued input helped us to complete the transaction.”
Paul Read commented:
“We are delighted to have advised Mobeus on their investment in LACE Partners. This is the third of Mobeus’ investments in the business services sector that HMT have advised on in the past year showing the rising interest from private equity firms in investing in consultancy businesses. We look forward to working with Mobeus on future investments.”