Great Hill to Acquire Reward Gateway from Inflexion for £140M
July 30, 2015
Great Hill Partners has entered into a binding agreement to acquire Reward Gateway, provider of enterprise employee engagement software, from Inflexion Private Equity. The transaction is valued at £140 million, which will generate a 7.7x return on Inflexion's original investment with a 59% IRR. Founded in 2006, Reward Gateway's services power employee benefits, employee recognition and total reward statements, among other features, on behalf of more than 1,100 enterprise clients such as American Express, Discovery, AOL and IBM. Inflexion has backed the company since December 2010.