Goldman Sachs Acquires Majority Stake in PeopleStrong for $130 Mn

Goldman Sachs Acquires Majority Stake in PeopleStrong for $130 Mn

Goldman Sachs has acquired a majority stake in PeopleStrong, a Gurgaon-based HR software-as-a-service (SaaS) firm, for $130 million (approximately ₹1,200 crore) reported The Economic Times. The deal involved Goldman Sachs purchasing Multiples PE’s 84% stake in PeopleStrong, along with a portion of the employee stock option (Esop) pool. This acquisition marks a significant move in the HR SaaS space, following a similar private equity buyout earli…

Goldman Sachs Alternatives acquires India-based HR SaaS company PeopleStrong from Multiples PE, sources say for $130M; Tracxn: Multiples PE held an 84.3% stake

Pranav Mukul / The Economic Times: Goldman Sachs Alternatives acquires India-based HR SaaS company PeopleStrong from Multiples PE, sources say for $130M; Tracxn: Multiples PE held an 84.3% stake  —  This is a second major private equity buyout deal of a SaaS firm this year, after Singapore-based private equity firm Everstone …