HR Path receives EUR225 million in Financing
PR95911
ATLANTA, Ga May 11, 2022 /PRNewswire=KYODO JBN/ --
This round combines the raising of external growth-oriented bank financing and
a reorganization of equity around Andera Partners, a partner of the group since
2019, which is structuring a dedicated co-investment fund for the occasion. The
creation of such a fund for a company the size of HR Path is unprecedented on
the market. This new financing method not only offers liquidity to investors
and shareholders but also allows the international group to benefit from
additional financial resources to continue its growth.
The EUR225 million funding round was led by Andera Partners and a dozen of its
subscribers, including Societe Generale Capital Partenaires (SGCP). Six French
banks (Societe Generale, BNP Paribas, Credit Agricole Ile de France, Banque
Palatine, LCL and Caisse d'Epargne Ile de France) have also subscribed to this
operation. The assistance of Volt Associés, and this co-investment fund made
this fundraising. Andera Partners, the co-investment fund and SGCP remain
minority shareholders of the group.
HR Path's services range from HR strategy consulting (Advise) through the
implementation of software solutions (Implement) to payroll outsourcing (Run).
The international Group aims to continue its expansion and expand its value
proposition in all countries of the world, especially in the 19 countries where
the group is already present.
With a double growth, both organic and external HR Path aims to:
- Double its turnover within 5 years;
- Receive 400 people a year in the coming years
- Become the world leader in the digital transformation of the HR function.
"This new round will allow us to give ourselves the means to achieve our
ambitions. We want to contribute to the improvement of HR performance,
including through the acquisition of new companies. We want to share our HR
expertise with large international groups and create HR innovation with them,"
says Francois Boulet, co-president of HR Path.
Cyril Courtin, co-president of HR Path, adds: "The topics around human capital
are more than ever a priority: adapting to change, data security, employee
attraction and employee engagement. Thanks to our own talents, their
expertise and their involvement alongside our customers, HR Path is able to
meet all these challenges that allow companies to improve HR experience. That
is why we strongly believe in our potential and we welcome the confidence,
renewed for some, of our financial partners."
Francois-Xavier Mauron and Antoine Le Bourgeois, partners of Andera Partners,
declare: "For the past 3 years, we have financed and supported the change of
scale of this champion wishing to become a leading global player in its
market. It is with pleasure that we will continue to support HR Path in its
projects. This new method of managing shareholdings allows us to continue to
create value on a performing asset for which we have a strong conviction. "
Marc Jacquin, Director of Participations at SGCP explains: "After having
accompanied the group on the occasion of its first operation in 2015 and again
in 2017, SGCP is pleased to participate in this new stage of the HR Path group
and to support the management in its ambition to build a global player in a
dynamic and strategic market of the HR function for companies."
About HR Path
HR Path, global leader in Human Resources, supports companies for which the
human experience is essential to their digital transformation. Our 3 business
lines, Advise, Implement & Run, contribute to the HR performance of its
customers.
Created in 2001 in Paris and with its 1,300 talents, HR Path advises,
integrates, and operates in 19 countries for more than 1,500 clients. Its
turnover to date amounts to 140 million euros.
More information: www.hr-path.com
Logo - https://mma.prnewswire.com/media/1813833/HR_Path_Logo.jpg
Press Contacts
Epoka Agency for HR Path
Nicolas CREPIN
ncrepin@epoka.fr
06 52 32 10 11
HR Path
Fabienne LATOUR
fabienne.latour@hr-path.com
Common Good Advisory pour Andera Partners
Marie-Charlotte POTET
mc.potet@bcadvisory.fr
+33 6 47 97 39 46
Clement BENETREAU
c.benetreau@bcadvisory.fr
+33 6 76 14 02 02
SOURCE: HR Path
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