Two separate Goodwin teams advised TriSpan and Lead Edge Capital on the closing of a single-asset continuation vehicle transaction in relation to Prestige PEO Holdings LP.
Prestige is the parent company of PrestigePEO, a provider of comprehensive, outsourced human resource services to small and mid-size businesses in the United States. Since TriSpan’s original investment in 2020, Prestige has grown organically utilizing its differentiated broker model while also successfully completing five strategic acquisitions and expanding into attractive geographies.
The transaction was supported by a diverse group of existing investors, including a substantial investment from affiliates of TriSpan and will provide follow-on capital to support Prestige through its next phase of growth and value creation.
TriSpan is a private equity firm with offices in New York and London, with a focus on growth stories and small to mid-cap companies. TriSpan’s business is generally centered around buy and build strategies in business services, multi-unit healthcare services and specialty manufacturing. The TriSpan team has collectively invested c.$5bn in 130+ companies across 5 continents.
Lead Edge Capital is a $5 billion growth equity firm investing in software, internet, and tech-enabled businesses globally. One of the main drivers of Lead Edge’s success is its unique investor base, a network of 700+ executives, entrepreneurs, and dealmakers who have built and run some of the world’s most successful companies. In addition to providing flexible capital, Lead Edge leverages this global advisory group to connect portfolio companies with the customers, partners, talent, and advisors needed to accelerate growth.
Prestige is the parent company of PrestigePEO, a provider of comprehensive, outsourced human resource services to small and mid-size businesses in the United States. Since TriSpan’s original investment in 2020, Prestige has grown organically utilizing its differentiated broker model while also successfully completing five strategic acquisitions and expanding into attractive geographies.
The TriSpan deal team consisted of Zac Davidson, Nat Kubik, Zach Lupu, George Davis, Erika Pey and Ai Tajima.
The Lead Edge deal team was led by Isaac Vinyarsh, Tal Maman, Jessica Barbaria, Luca Del Ciotto and Romina Weiss.
For more information on the deal, please read the press release.