Calculus Capital, a leading UK-based private equity firm, has recently announced its successful exit from its investment in employee engagement platform Mo. This comes after the platform was acquired by US HR and workforce technology giant UKG, resulting in a 1.8x return for investors.
The news of Mo’s acquisition by UKG has been met with great excitement and optimism, not only by Calculus Capital but also by the wider business community. Mo, a cloud-based platform that helps companies improve employee engagement and productivity, has been gaining traction in the market since its launch in 2017. With its innovative approach to employee engagement, Mo has quickly become a go-to solution for businesses looking to enhance their workplace culture and boost employee satisfaction.
The decision to invest in Mo was a strategic move by Calculus Capital, as they recognized the potential of the platform and its ability to disrupt the employee engagement market. The partnership between Calculus Capital and Mo proved to be a successful one, with the platform experiencing significant growth and expansion during the investment period. This growth was further accelerated by the pandemic, as companies around the world shifted to remote work and focused on employee well-being and engagement.
With the acquisition by UKG, Mo is now set to reach even greater heights. UKG, a global leader in human capital management solutions, has a strong presence in the US market and is rapidly expanding into other regions. The acquisition of Mo will not only strengthen UKG’s position in the employee engagement space but also provide Mo with the resources and expertise to scale its operations and reach a wider audience.
The exit of Calculus Capital from Mo marks a major milestone for both companies. For Calculus Capital, it is a testament to their successful investment strategy and their ability to identify and support innovative businesses. For Mo, it is a validation of their hard work and dedication in creating a platform that has caught the attention of a global industry leader.
In a statement, Calculus Capital’s Managing Partner, John Glencross, expressed his satisfaction with the successful exit, saying, “We are delighted to have been a part of Mo’s journey and to have supported the team in achieving this significant milestone. The acquisition by UKG is a testament to Mo’s potential and we are proud to have played a role in its growth and success.”
Similarly, Mo’s CEO and co-founder, Phil Chambers, shared his excitement about the acquisition, stating, “We are thrilled to be joining forces with UKG and are confident that this partnership will enable us to accelerate our growth and reach more businesses globally. Our partnership with Calculus Capital has been instrumental in getting us to where we are today, and we are grateful for their support and guidance.”
The successful exit of Calculus Capital from Mo is a clear indication of the strength and resilience of the UK’s private equity market. Despite the challenges posed by the pandemic, the market has continued to thrive, with investors and businesses alike showing confidence and resilience. The acquisition of Mo by UKG is also a positive sign for the UK’s tech sector, showcasing its potential to attract global investment and drive innovation.
As Mo embarks on this new chapter with UKG, the future looks promising for the platform and its investors. With the resources and expertise of UKG behind them, Mo is well-positioned to continue its growth trajectory and make a significant impact in the employee engagement market. This successful exit is a testament to the power of strategic partnerships and the potential for businesses to achieve great success when they work together towards a common goal.
In conclusion, the news of Calculus Capital’s successful exit from Mo following its acquisition by UKG is a cause for celebration and a testament to the strength and potential of the UK’s private equity market. This partnership has not only delivered a significant return for investors but also opened up new opportunities for Mo to expand its reach and impact. As we look towards the future, we can expect to see more success stories like this, as the UK’s business landscape continues to thrive and attract global investment.
