The Times

An American firm is buying two employee benefit suppliers and is planning to merge the businesses

The owners of two employee benefit suppliers are reaping multimillion-pound rewards after agreeing to sell to an American private equity firm that plans to merge them.

Vivup, which has 3.3 million customers largely in the public sector, including 85 per cent of NHS trusts, and Perkbox, which supports more than 600,000 employees, have been acquired by Great Hill Partners for an undisclosed sum. Two sources familiar with the deal confirmed that Perkbox’s valuation was in the region of £130 million, with Vivup valued at more than that.

The companies work with employers to provide staff with everything from supermarket discounts to gym membership.