Leading law firm Freeths has advised YFM Equity Partners on its £4 million investment into workplace management software provider S4labour.
Founded in 2011 and currently boasting more than 250 customers, S4labour helps businesses streamline operations to manage labour and profitability. S4labour’s present day portfolio comprises high-profile names such as Bistrot Pierre, Revolution Bars, City Pub Group and Nisa, to name a few. It has developed an innovative software as a service (SaaS) platform that supports hospitality businesses in aligning workforce management, rota scheduling, payroll processing and HR reporting. It provides cost-effective, scalable solutions, improving operational efficiency and reducing administrative overhead within the hospitality sphere.
As a long-standing client, top 50 firm Freeths provided legal support on the investment which will allow S4labour to accelerate product enhancements. It will also provide scope for strategic hires in sales and marketing, allowing S4labour to expand its client reach and tap into larger managed pub groups and hospitality chains.
Leading the Freeths team on this deal was Partner Dahren Naidoo. He was supported by Managing Associates Megan Atack and Alex Angelides and Senior Associates Elle Margerison and Sarah Joseph-Bogues.
Commenting on the deal, Dahren Naidoo (pictured) said: “We are so pleased to have YFM on yet another strategic investment. YFM’s experience in scaling SaaS businesses and seeking out business growth opportunities will be invaluable to S4labour during the next stage of its journey, as it looks to bolster its client reach and offering. We look forward to seeing this partnership flourish.”
Mike Clarke of YFM added: “It was great to work with Dahren and Megan in delivering this important transaction for YFM, and builds on the strong relationship we have with Freeths nationally.”