fbpx
  • About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Non Banking Mergers & Acquisitions

Investcorp Technology Partners clinches deal for sale of German HR solutions provider; second sale in 18 months

Customers have access to hundreds of job boards

Sunil Bolar by Sunil Bolar
June 15, 2022
in Mergers & Acquisitions, The Global Economics, Top Stories
Reading Time: 2 mins read
0
Investcorp Technology Partners clinches deal for sale of German HR solutions provider; second sale in 18 months

Investcorp Technology Partners clinches deal for sale of German HR solutions provider; second sale in 18 months

33
SHARES
183
VIEWS
FacebookTwitterRedditWhatsAppLinkedInShare Link

Investcorp Technology Partners (ITP), a unit of Bahrain-based Investcorp and a leading technology investor in Europe, announced that it has finalised the sale of softgarden e-recruiting to Grupa Pracuj, a leading HR technology company in Europe. softgarden e-recruiting is a leading provider of unique HR software solutions, while Grupa Pracuj is listed on the Warsaw Stock Exchange.

According to a statement from Investcorp, the transaction is expected to be complete soon, and will culminate in an ROI of over 3 times the invested capital in less than four years.

Softgarden, based in Berlin, provides mid-market and enterprise customers across Europe with a unique and innovative recruitment software platform. The platform’s award-winning Talent Acquisition Suite allows customers to manage and streamline their complete digital recruitment process in an integrated and efficient manner, fully compliant with data privacy requirements.

In addition to these features, the company’s customers also have access to a multitude of integrated job boards.

Softgarden strategically acquired absence.io in 2021, and as a result, broadened its product scope to include vacation and absence management, time-tracking and digital personnel file management.

Investcorp accelerated growth of softgarden

ITP had acquired softgarden in 2018 as part of its ITP Fund IV, and in association with the CEO and management team, accelerated growth through international expansion, strategic acquisitions and investments in product innovation as part of its market-ready strategy.

ITP, in collaboration with the management team of softgarden, oversaw revenue acceleration of the company including a massive 400 percent growth in software revenue, and entry into new markets like Poland, France and Spain. The employee count of the company also doubled during this period.

Georg Knoflach, Managing Director of ITP stated that the company was proud of the successful sale of softgarden, and further said that the investment demonstrated a successful strategy of driving value, executing M&A, and internationalisation of the business model.

He also said that he was confident that softgarden would continue to grow based on its strong foundations.

CEO of softgarden, Mathias Heese, stated that the company could not have had a better partner than ITP, and that the association had supported its growth and enabled it to deliver the best results for clients. He also said that the company looked forward to a promising future with Grupa Pracuj.

Following the sale of Avira to Norton LifeLock, the softgarden sale marked ITP’s second successful exit within 18 months.

Investcorp Technology Partners was advised by Covington & Burling, Deloitte and Kuhn & Partner. Grupa Pracuj was advised by Ebner Stolz, Houlihan Lokey and White & Case.

Via: short URL
Tags: InvestcorpM&Asoftgarden
Sunil Bolar

Sunil Bolar

Sunil is a creative person who combines his love for writing with tech and business.

Related Posts

Hungary nears agreement with European Union to access nearly $ 30 billion frozen funds
Funds

Hungary nears agreement with European Union to access nearly $ 30 billion frozen funds

by Riya Thomas
March 24, 2023
China’s March Towards Automobile Dominance
Clean Energy

China’s March Towards Automobile Dominance

by The Global Economics
March 24, 2023
Housing Risk in South Korea Worsened Due to Bizarre $828 Billion Loan Market
Real Estate

Housing Risk in South Korea Worsened Due to Bizarre $828 Billion Loan Market

by Rahil Adnan
March 24, 2023
Ford’s Electric Vehicle Unit Forecasts $3 Billion Loss in 2023
Transportation

Ford’s Electric Vehicle Unit Forecasts $3 Billion Loss in 2023

by Riya Thomas
March 24, 2023
40% Rise in Puig Annual Revenues up to €3.6 billion, in 2022
Fashion

Puig Annual Revenues Skyrocket 40% up to €3.6 billion, in 2022

by Rahil Adnan
March 24, 2023
Previous
Next
Facebook Twitter Instagram Youtube LinkedIn Soundcloud
The Global Economics

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Hungary nears agreement with European Union to access nearly $ 30 billion frozen funds

Hungary nears agreement with European Union to access nearly $ 30 billion frozen funds

March 24, 2023
China’s March Towards Automobile Dominance

China’s March Towards Automobile Dominance

March 24, 2023
Housing Risk in South Korea Worsened Due to Bizarre $828 Billion Loan Market

Housing Risk in South Korea Worsened Due to Bizarre $828 Billion Loan Market

March 24, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version