PES is a provider of employee benefits solutions to SMEs with up to 1,000 employees. The company has developed a versatile, proprietary SaaS platform, through which a wide range of benefits are provided (e.g. workplace pensions, health insurance and flexible / voluntary benefits such as gym membership or Cycle to Work schemes). It also offers a wrap-around managed service and consultancy offering (including expert benefits advice, employee communications, full back-office administration and broking service).
Chiltern Capital invested for a significant minority stake in the business, supporting the incumbent management team of Ian Rummels (founder and Managing Director) and Ben Merrison (Operations Director).
“Chiltern understand what we are trying to achieve and their comfort and familiarity with helping high-growth tech companies made them the natural choice for us when we sought to take the business up a gear.”
Ian Rummels, MD, PES
Flexible employee benefits is a growing market and PES’s target market of companies with fewer than 1,000 employees is an under-served segment. Chiltern’s investment will facilitate continued technology development to enhance the platform and client offering, as well as recruitment of sales and marketing resource to accelerate new client wins.