Castik Funds partnered with Abry Partners and management to support the next growth phase of Reward Gateway. In parallel, both Funds jointly acquired a majority stake in Xexec, in partnership with its founders. Headquartered in London, UK, Xexec is an employee engagement provider that offers a wide range of employee discounts and reward & recognition solutions through its scalable cloud-based platform, complemented by an in-house tickets and travel concierge.
After <2 years with significant revenue and EBITDA growth, Castik and Abry Partners have sold the company to Edenred in 2023.
- Revenue growth: + 76%
- EBITDA growth: 102%
- Number of acquisitions: 3