Three-Hills backed LCap Group acquire PeopleWise with support from GCS
GCS (formerly, GRAPH Strategy) is pleased to have provided Commercial Due Diligence to the LCap Group, the global, tech-enabled leadership advisory firm, on its acquisition of London-based leadership consultancy Peoplewise.
Founded in 1992, Peoplewise delivers evidence-based services that support leadership development, resilience, and sustainable performance. The business will continue to operate independently as part of the LCap Group, joining a growing portfolio of specialist firms under the LCap umbrella, including Confidas People (management due diligence) and DRAX (leadership advisory, pre-deal and executive search).
In 2023, Three Hills Capital Partners invested £32.5 million in LCap to support its M&A strategy. GCS previously supported Three Hills with CDD at the time of its initial investment, and again in 2025 with CDD for LCap’s acquisition of Confidas. This latest engagement reflects GCS's long-standing relationship with both Three Hills and LCap, and builds on our deep expertise in the professional services and human capital sectors.
GCS's work on the Peoplewise transaction focused on assessing the company’s market positioning and the synergies between Peoplewise and LCap’s existing portfolio.
The GCS team was led by James Tetherton and Linda Wei working alongside Graham Roadnight and Samuel Robberts from LCap.
This latest work builds upon GCS's strong track record in professional services and human capital, supporting investors and management teams to build conviction in high-growth, people-driven businesses.
