Calgary and Vancouver advise Benevity in Canada’s largest software deal completed in the last ten years

Our Calgary and Vancouver offices advised Benevity, a Calgary-based software company, on its sale to UK private equity firm HG Capital LLP. The transaction is the largest in the environmental, social and governance (ESG) space and is the largest software deal completed in Canada in the last decade.

Existing shareholders include current Benevity management and employees, as well as US-based private equity firms JMI Equity and General Atlantic. The management team will retain an interest in the company following the closing of the transaction, which occurred in January 2021.  

Founded in Calgary in 2008, Benevity specializes in providing a corporate social responsibility platform, giving companies and non-profits access to a range of employee engagement, workplace giving, and grant management products and programs. In just over a decade, it has grown from a small start-up to a 650-person operation that services a number of Fortune 500 corporate clients.