Goldman Sachs acquires controlling stake in HR SaaS firm PeopleStrong for $130 million

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The private equity arm of investment bank Goldman Sachs has completed the acquisition of a majority stake in Gurugram-based HR software-as-a-service (SaaS) firm PeopleStrong for around $130 million (around Rs 1,200 crore), people in the know told ET.

“Goldman Sachs has acquired the Multiples PE’s 84% stake in PeopleStrong in addition to buying out a part of the Esops pool from the company’s employees,” one of the persons said.

This is a second major private equity buyout deal of a SaaS firm this year, after Singapore-based private equity firm…



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Goldman Sachs acquires controlling stake in HR SaaS firm PeopleStrong for $130 million


The private equity arm of investment bank Goldman Sachs has completed the acquisition of a majority stake in Gurugram-based HR software-as-a-service (SaaS) firm PeopleStrong for around $130 million (around Rs 1,200 crore), people in the know told ET.

“Goldman Sachs has acquired the Multiples PE’s 84% stake in PeopleStrong in addition to buying out a part of the Esops pool from the company’s employees,” one of the persons said.

This is a second major private equity buyout deal of a SaaS firm this year, after Singapore-based private equity firm…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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