Encore Holdings buys employee platform Circle In as first acquisition
Make us a preferred source
Make us a preferred source on Google
The news: Encore Holdings has made its first acquisition — Australian employee benefits platform Circle In.
The context: Founded in 2017, Circle In provides on-demand access to advice for caregiving employees and their managers, and help client companies including EY, Xero and Qantas build safe and inclusive workplaces.
Encore is corporate and legal advisory firm Tiger & Bear Partners' newly established business which aims to acquire and operate small- to mid-sized Australian tech businesses.
The sale will see Circle In's co-founders Jodi Geddes and Kate Pollard step away from their roles. Under new leadership, Circle In will aim to strengthen its resources and expand its reach, Encore said.
Encore's team is led by chief executive and managing director Isaac Ward, and Tiger & Bear Partners CEO Alex Feldman who serves as executive chair.
Encore's advisory board includes former amaysim CEO and Tiger & Bear chair Peter O’Connell, EVP partner Justin Lipman, and angel investor Tim Olshansky.
What they said: "This transaction marks the first of many for Encore and we’re thrilled to become a long-term custodian of Circle In," Ward said.
"We are a team that loves to build and grow businesses, and our approach allows us to focus on the long-term sustainable success of the businesses we acquire."
Circle In co-founder Geddes said: "As we hand over the reins, we reflect with pride on all we’ve accomplished over the past eight years".
"While we’re excited about what’s next for Circle In, we’ll always remain deeply committed to its mission and hopeful for its future impact," she said.
The source: Encore media release
