EQT and CPP Investments to acquire NEOGOV, a provider of HR and compliance software for U.S. public sector agencies, from Warburg Pincus and Carlyle
EQT (OTC:EQBBF) and CPP Investments have agreed to acquire NEOGOV, a leading HR and compliance software provider for U.S. public sector agencies, from Warburg Pincus and Carlyle. NEOGOV serves over 10,000 public sector organizations across North America with cloud-native solutions supporting the full employee lifecycle.
The acquisition will help accelerate NEOGOV's growth and expansion, with plans to advance product innovation and AI capabilities. The company's solutions assist agencies in recruitment, onboarding, performance management, and compliance with local policies. Following this transaction, the EQT X fund is expected to be 60-65% invested.
EQT (OTC:EQBBF) e CPP Investments hanno concordato di acquisire NEOGOV, un importante fornitore di software per HR e conformità destinato alle agenzie del settore pubblico statunitense, da Warburg Pincus e Carlyle. NEOGOV supporta oltre 10.000 organizzazioni del settore pubblico in Nord America con soluzioni cloud-native che coprono l'intero ciclo di vita dei dipendenti.
L'acquisizione contribuirà ad accelerare la crescita e l'espansione di NEOGOV, con l'obiettivo di potenziare l'innovazione dei prodotti e le capacità di intelligenza artificiale. Le soluzioni dell'azienda aiutano le agenzie nei processi di reclutamento, inserimento, gestione delle prestazioni e conformità alle normative locali. Dopo questa operazione, si prevede che il fondo EQT X sarà investito per il 60-65%.
EQT (OTC:EQBBF) y CPP Investments han acordado adquirir NEOGOV, un destacado proveedor de software de recursos humanos y cumplimiento para agencias del sector público de EE.UU., de Warburg Pincus y Carlyle. NEOGOV atiende a más de 10,000 organizaciones del sector público en América del Norte con soluciones nativas en la nube que cubren todo el ciclo de vida del empleado.
La adquisición ayudará a acelerar el crecimiento y la expansión de NEOGOV, con planes para impulsar la innovación de productos y las capacidades de inteligencia artificial. Las soluciones de la empresa apoyan a las agencias en reclutamiento, incorporación, gestión del desempeño y cumplimiento de polÃticas locales. Tras esta transacción, se espera que el fondo EQT X esté invertido en un 60-65%.
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ì´ë²ˆ ì¸ìˆ˜ëŠ� NEOGOVì� 성장ê³� 확장ì� ê°€ì†í™”하는 ë� ë„움ì� ë˜ë©°, ì œí’ˆ í˜ì‹ ê³� AI ì—량 ê°•í™”ë¥� 위한 계íšì� í¬í•¨ë˜ì–´ 있습니다. 회사ì� ì†”ë£¨ì…˜ì€ ê¸°ê´€ì� 채용, 온보ë”�, 성과 ê´€ë¦� ë°� ì§€ì—� ì •ì±… 준수를 ì§€ì›í•©ë‹ˆë‹¤. ì´ë²ˆ 거래 ì´í›„ EQT X 펀드는 60-65% íˆ¬ìž ì™„ë£Œë� 것으ë¡� 예ìƒë©ë‹ˆë‹�.
EQT (OTC:EQBBF) et CPP Investments ont convenu d'acquérir NEOGOV, un fournisseur majeur de logiciels RH et de conformité pour les agences du secteur public américain, auprès de Warburg Pincus et Carlyle. NEOGOV dessert plus de 10 000 organisations du secteur public en Amérique du Nord avec des solutions natives cloud couvrant l'ensemble du cycle de vie des employés.
Cette acquisition permettra d'accélérer la croissance et l'expansion de NEOGOV, avec des plans pour renforcer l'innovation produit et les capacités d'IA. Les solutions de l'entreprise aident les agences dans le recrutement, l'intégration, la gestion des performances et le respect des politiques locales. À la suite de cette transaction, le fonds EQT X devrait être investi à 60-65 %.
EQT (OTC:EQBBF) und CPP Investments haben sich darauf geeinigt, NEOGOV, einen führenden Anbieter von HR- und Compliance-Software für US-Behörden, von Warburg Pincus und Carlyle zu übernehmen. NEOGOV betreut über 10.000 Organisationen im öffentlichen Sektor in Nordamerika mit cloud-basierten Lösungen, die den gesamten Mitarbeiterlebenszyklus abdecken.
Die Übernahme soll das Wachstum und die Expansion von NEOGOV beschleunigen, mit Plänen zur Weiterentwicklung von Produktinnovationen und KI-Fähigkeiten. Die Lösungen des Unternehmens unterstützen Behörden bei der Personalbeschaffung, Einarbeitung, Leistungsmanagement und Einhaltung lokaler Vorschriften. Nach dieser Transaktion wird erwartet, dass der EQT X Fonds zu 60-65 % investiert ist.
- Strategic acquisition of NEOGOV's established platform serving 10,000+ public sector agencies
- Expansion opportunity through product innovation and AI capabilities development
- Strong existing customer base and market position in government HR software
- Partnership with experienced management team led by CEO Shane Evangelist
- Significant capital deployment required for acquisition
- Regulatory approvals pending for transaction completion
- Integration and scaling challenges in public sector market
- The EQT X fund ("EQT") and Canada Pension Plan Investment Board ("CPP Investments") have agreed to acquire NEOGOV, which serves over 10,000 public sector agencies with purpose-built government HR and compliance software solutions
- NEOGOV's cloud-native solutions support the full employee lifecycle and help public sector agencies drive efficiency and stay compliant with local policies and regulatory frameworks
- EQT and CPP Investments will partner with CEO Shane Evangelist and the management team to accelerate growth and expansion, building upon their track records in the US software sector
Founded in 2000 and headquartered in
"Local governments are the backbone of our communities. Our mission is to help them operate more efficiently and serve citizens more effectively. EQT and CPP Investments share our vision and bring the experience and capital to help us scale faster," said Shane Evangelist, CEO of NEOGOV. "Our priorities include advancing product innovation and AI capabilities to help public sector agencies drive increased efficiency and compliance adherence. EQT and CPP Investments' deep expertise in software and broad network of advisors will be instrumental to supporting NEOGOV's growth."
"We are excited to partner with Shane and the NEOGOV team, who are operators at the highest levels. The team brings a deep understanding of the challenges that public sector agencies face, and we're proud to support a company that has earned such trust in the public sector," said Arvindh Kumar, Partner and Co-Head of EQT's Global Technology Team.
Tyler Parker, Managing Director in the EQT Private Equity advisory team, added: "It's rare to find a software company that is so well-loved by its customers, and we look forward to partnering with NEOGOV to continue to modernize public sector operations and deliver impactful technology to those on the front lines of civic service."
"NEOGOV is a leading software platform with distinct customer offerings that is poised for growth due to increasing demand from its customers across
With this transaction, EQT X is expected to be 60 � 65 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication).
The transaction is subject to customary conditions and approvals and is slated for completion in the coming months. Moelis & Company LLC served as exclusive financial advisor and Willkie Farr & Gallagher served as legal counsel to NEOGOV. Jefferies LLC served as exclusive financial advisor and Ropes & Gray served as legal counsel to EQT.
Contact
EQT: EQT Press Office, [email protected]ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
CPP Investments: Asher Levine, Public Affairs & Communications, [email protected], T: +1 929 208 7939
NEOGOV: Scott Jensen, Vice President of Marketing, [email protected]
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