Veronis Suhler Stevenson Invests in Thomsons Online Benefits

Veronis Suhler Stevenson has put an undisclosed amount into Thomsons Online Benefits Ltd., a SaaS-based benefit and pension administration, workflow and reporting company. The investment was made in conjunction with ABRY Partners‘ acquisition of Thomsons.


Veronis Suhler Stevenson (VSS), a global private investment firm focused on the information, education, media, marketing and business services industries, today announced that it has made an investment in Thomsons Online Benefits Ltd. (“Thomsons”), a SaaS-based benefit and pension administration, workflow and reporting solutions, and ancillary consulting services company based in the UK. VSS’s investment was made through its second structured capital fund, VSS Structured Capital II, and was made in conjunction with ABRY Partners’ acquisition of Thomsons.

Founded in 2000, Thomsons is headquartered in London with additional offices in Singapore and Romania. Thomsons provides a complete outsourced benefits administration through their benefits management SaaS product (“Darwin”). Darwin software provides a one-stop platform that allows customers, employees and benefit providers to make real-time changes and analysis to their benefit schemes. The company’s client base is a mixture of UK mid-market and multi-national corporations.

“Thomsons’ SaaS implementation of its employee benefit managements system offers a good mix of current technology and a complex business requirement coming together to solve a real customer problem. The underlying technology employed to solve the business problem is straight forward but the business problem itself is both complex and critical, a good combination to deliver value,” said Hal Greenberg, Co-Manager, VSS Structured Capital Funds.

“For 23 years VSS has been successfully investing in Europe and we are pleased to add Thomsons to our portfolio. We are excited by the company’s future prospects and growth potential. VSS’s investment will allow Thomsons to expand in the UK and globally,” said Morgan Callagy, Partner, VSS Europe. The VSS investments in Europe span 12 countries and 9 industry segments.

About Thomsons Online Benefits Ltd.

Thomsons Online Benefits is a benefits management software-as-a-service (SaaS) company with deployments at 260+ clients worldwide. The Company offers a complete benefits and pension administration, workflow and reporting cloud-based product together with high value benefits consulting services.

About Veronis Suhler Stevenson

Veronis Suhler Stevenson is a private equity and debt capital fund management company dedicated to investing in the information, education, media, marketing and business services industries in North America and Europe. VSS provides capital for buyouts, recapitalizations, growth financings and strategic acquisitions to lower middle-market companies and management teams with a goal to build companies both organically and through a focused add-on acquisition program. Since the closing of the first VSS Buyout Fund in 1987, VSS has managed four Buyout Funds and two Structured Capital Funds with aggregate committed capital in excess of $3.1 billion. The six funds have to date invested approximately $2.8 billion in 72 portfolio companies which have in turn completed over 320 add-on acquisitions.