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

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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