BDO Mergers & Acquisitions is pleased to announce the sale of Cascade Human Resources Limited to Iris Software Group Limited. BDO acted for the shareholders of Cascade HR providing vendor advisory support and taxation advice to support the transaction.
Cascade HR offers award winning HR and payroll software solutions to the mid-market across a wide variety of sectors and is one of the top 50 fastest-growing digital technology companies in the UK. Iris Software Group is the leading provider of software and services to the UK accountancy and payroll sectors. Iris is backed by HG Capital.
"We were nervous about entering into this process as Cascade has been our life for 20 years but the BDO team have been excellent throughout and gave us confidence and reassurance. We hadn’t realised how complex and lengthy a process of this type could be and looking back the thought of doing it without BDO’s excellent team of people supporting us throughout simply wouldn’t enter our minds. We are now looking forward to working with the new owners and enjoying future success with them".
The Shareholders, Cascade Human Resources Limited