PARIS, July 3, 2024 /PRNewswire/ -- HR Path, a global
leader in HR consulting, announces a record €500 million
fundraising from Ardian, a world-leading private investment house.
This landmark fundraising, the largest of the company's
history, marks a significant milestone in HR Path's success story.
It will play a crucial role in driving the next phase of HR Path's
growth and international expansion in the
United States, Canada,
Germany, the Nordic countries and
Australia.
HR Path: HR Transformation for Efficient and Customized HR
Management
The optimization of recruitment, the development and retention
of talent and the effective management of human resources are key
success factors and competitive advantages for companies.
HR Path employs a unique model to address these challenges in a
global market driven by a multitude of technological solutions. By
offering a comprehensive and customized approach to the full range
of HR issues companies face, the Group positions itself as a true
"one-stop shop for HR."
Through its three business lines - Advise, Implement & Run -
HR Path provides consultancy services, HR systems implementation
and payroll outsourcing, enabling companies of all sizes and
sectors to effectively transform and optimize their HR
functions.
A Record Fundraising to Enter a New Phase of Growth
This position has enabled HR Path to establish itself as one of
the world's leading HR consultancies. The group now operates in 22
countries, employs over 1,800 people, and serves over 3,000 clients
worldwide. It has a turnover of €215 million, with a CAGR of 25%
since 2021.
To accelerate this growth, HR Path, has just closed a €500
million funding round from Ardian. "Securing this €500 million
financing from Ardian is a transformative step for HR Path,"
said François Boulet, co-founder and CEO of HR Path.
"This partnership underlines their confidence in our business
model and our growth trajectory. We would like to express our
heartfelt thanks to the HR Path partners, our employees, and
customers for their unwavering support and dedication. With the
support of the team and Ardian, we are poised to expand our HR
digital transformation services on a global scale and deliver
unparalleled value to our clients."
HR Path intends to use the new funding to continue and
accelerate the external growth strategy initiated in 2009, which
has seen the integration of 38 companies in 12 countries. The group
plans to make new targeted acquisitions in strategic markets - such
as the United States, Canada, Germany, the Nordic countries and Australia - to expand HR Path's value
proposition and strengthen its position in the global market.
Cyril Courtin, Co-founder and
CEO of HR Path, added, "We also extend our
gratitude to our partners, such as Société Générale Capital
Partenaires (SGCP), one of our first financial partner and in
particular Marc Jacquin, Director of
Participations at SGCP, for their support and collaboration. This
significant investment enables us to accelerate our growth plans
and further innovate our service offerings. We are excited about
the opportunities ahead and are committed to driving excellence in
HR services worldwide."
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Media contact:
fabienne.latour@hr-path.com
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