SINGAPORE – 5 July 2024 – In a landmark achievement, HR Path, a global leader in HR consulting and HRIS integration, has successfully completed a record €500 million fundraising round with Ardian, a world-leading private investment house. This monumental funding, the largest in HR Path’s history, is set to drive the next phase of the company’s growth and international expansion, particularly in Asia, the United States, Canada, Germany, the Nordic countries, and Australia.
HR Path: Pioneering HR Transformation
The optimization of recruitment, development, and retention of talent, alongside effective human resource management, are pivotal for a company’s success. HR Path addresses these challenges with a unique model that positions itself as a comprehensive solution for all HR-related issues. By offering services through its three core business lines – Advise, Implement, and Run – HR Path provides consultancy, HR systems implementation, and payroll outsourcing, enabling businesses of all sizes and sectors to optimize their HR functions efficiently.
Accelerating Growth in Asia Pacific
In Asia Pacific, HR Path has established a robust presence, operating in five branch offices (Australia, India, Indonesia, Singapore, Vietnam), employing over 50 people, and serving over 70 companies, including notable names such as DFS, NTUC First Campus, Sacombank, Panasonic Sales Vietnam, Chandra Asri, Petrosea, and XL Axiata. With a turnover exceeding €5 million in the region and a CAGR of 10% since 2021, the company is poised for further growth.
The recent €500 million funding from Ardian is pivotal for HR Path’s expansion in Asia Pacific. Teck Seng Lee, Managing Director for Asia Pacific, remarked, “Securing this €500 million financing from Ardian is a transformative step for HR Path. This operation will enable us to strengthen our local position and develop new service offerings to meet the needs of our clients.”
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HR Path plans to use the new funds to continue and accelerate its external growth strategy in Asia Pacific, which has already seen the integration of Daya Dimensi Global Pte Ltd (DDG), a regional company specialized in SuccessFactors since 2012. The group is exploring several avenues for partnerships and collaborations to expand its geographical presence and service offerings.
About HR Path
Founded in Paris, France, in 2001, HR Path is a global leader in human resources, specializing in empowering companies through their digital transformation journeys. With approximately 3,000 professionals across 22 countries, HR Path offers consultancy, integration, and operational services to over 3,000 clients. As of March 31, 2024, the company reported an annual revenue of €215 million.
About Ardian
Ardian, managing or advising $166 billion of assets on behalf of more than 1,650 clients globally, is renowned for its expertise in Private Equity, Real Assets, and Credit. With a strong commitment to Responsible Investment, Ardian aims to deliver excellent investment performance combined with high ethical standards and social responsibility. The company’s 1,050+ employees, across 19 offices worldwide, are dedicated to making finance a force for good in society.
For more information about HR Path, visit www.hr-path.com.
