Client: Selling shareholders of Hastee HR Limited
Sector: HRTech / FinTech / SaaS
Transaction Value: Undisclosed
Completion: 16 June 2025
Background
Hastee is a financial wellbeing and earned‑wage‑access provider operating a SaaS and fin-tech business model. Its platform integrates with employer payroll and HR systems, giving employees real‑time access to wages, savings tools and financial education.
Our role
We advised the selling shareholders on the negotiation of the share purchase agreement, disclosure and completion deliverables. Our work included:
– Negotiating the SPA to maximise value and de‑risk execution;
– Navigating complex IP and data‑protection issues inherent in SaaS businesses; and
– Coordinating employment, tax and regulatory advice across multiple jurisdictions.
Outcome
The transaction completed on 16 June 2025 with Hastee becoming part of the Zellis Group, the UK & Ireland’s leading HR and payroll solutions provider. The exit positions the company for accelerated growth while delivering a successful return for investors.
“The team at Buckworths were a stand‑out partner on this deal – cost‑effective, commercial and deal‑focused. Their depth of experience across SaaS and FinTech meant they were familiar with the issues that arise in deals in our sector, giving us real confidence at every stage of the process.”
Jaime Jiménez, CEO of Hastee