US EditionWarburg Pincus and Carlyle Announce Agreement to Sell NEOGOV to EQT and CPP Investments
- EQT has agreed to acquire Neogov in a deal valued at over $3 billion, including debt, as reported by Reuters.
- The deal represents a complete exit for Warburg Pincus and Carlyle, who have owned Neogov since 2016 and 2021, respectively.
- Neogov serves nearly 10,000 public sector organizations in North America, providing cloud-native human capital management solutions.
- The sale is subject to customary conditions and approvals and is expected to close in the coming months.
17 Articles
17 Articles
Albuquerque Journal
Warburg Pincus and Carlyle Announce Agreement to Sell NEOGOV to EQT and CPP Investments
Sale reflects NEOGOV's industry-leading position in purpose-built government HR and compliance software solutions, providing an essential service to public-sector agencies
EQT to acquire HR software firm Neogov in $3B deal from Warburg Pincus and Carlyle - Tech Startups
Just weeks after private equity firm Warburg Pincus sold its stake in cybersecurity startup A-lign, it’s offloading another portfolio company—this time in the HR software space. Private equity firm EQT has agreed to acquire Neogov, a California-based provider of workforce […] The post EQT to acquire HR software firm Neogov in $3B deal from Warburg Pincus and Carlyle first appeared on Tech Startups.
Warburg Pincus and Carlyle agree to sell NEOGOV to EQT X fund and CPP Investments
Funds managed by Warburg Pincus and Carlyle have entered into a definitive agreement to sell NEOGOV, a provider of HR and compliance software for U.S. public sector agencies, to EQT X fund and Canada Pension Plan Investment Board (CPP Investments). NEOGOV, founded in 2000 and based in El Segundo, California, serves nearly 10,000 public sector organizations across North America with its cloud-native human capital management suite.“During our nine…
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