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Arrowpoint Advisory advises Grass Roots Group on sale to Blackhawk Network Holdings, Inc.

Grass Roots Deal Image.jpgGrass Roots Group, a leading provider of employee and customer engagement solutions, has been acquired by Blackhawk Network Holdings, Inc., a leading prepaid and payments company based in California, for approximately 90m. Arrowpoint Advisory advised the shareholders of Grass Roots Group on the transaction.

Founded in the UK in 1980 by David Evans MBE, Grass Root's shareholders also include WPP plc and current and former management, all of whom are selling their shares in this transaction.

Passionate about inspiring people, the Grass Roots Group connects brands and people, through services such as Experience and Insight, Motivation, Rewards, Benefits, Promotions and Meetings and Events. Founded in the UK in 1980, the Group has 12 offices throughout the world and has provided services in over 100 countries. Grass Roots Group companies have over 20,000 total clients, including one-third of the Financial Times Stock Exchange 100.

Richard Bandell, CEO of Grass Roots, commented: “We are really excited about the opportunities this partnership brings to Grass Roots. Joining Blackhawk opens up significant growth opportunities for Grass Roots, transforming us into a leading global business and allowing us to inspire more people worldwide.”

Throughout the transaction, the team at Arrowpoint Advisory have demonstrated an excellent grasp of the sector and supported us with first-class advice and technical knowledge to ensure the right outcome for the shareholders and the company. The complex nature of the transaction, with its multiple cross-border stakeholders played to Arrowpoint Advisory's international strengths.”

Simon Cope-Thompson, Managing Director at Arrowpoint Advisory, added: “There is an excellent strategic fit between Grass Roots and Blackhawk. We are delighted to have been able to help the shareholders of Grass Roots sell the business to a new partner that brings further international reach and increased scale and scope.”

Will Evans, Associate at Arrowpoint Advisory, concluded: “This is the second deal we have concluded with a West Coast buyer since we opened our office in Los Angeles and the third deal with a US buyer in the past month. This is further evidence of the continued appetite for large international groups to invest in successful companies in the UK.”

Simon Cope-Thompson

Managing Director

Phone: +44 20 7484 4706

Mobile: +44 7770 917468

Will Evans

Assistant Director

Phone: +44 20 7484 4737

Mobile: +44 7825 713537