PageUp: EQT Partners Acquires HR-Software Provider from Battery Ventures
Deal News | Nov 01, 2024 | Ropes & Gray
In a significant transaction in the HR-tech industry, EQT Partners has acquired PageUp Group, a human-resources and talent software provider, which was previously majority-owned by the investment firm Battery Ventures. The acquisition was facilitated by the legal expertise of Ropes & Gray, whose team included specialists in private equity, tax, employment, intellectual property, litigation, and cybersecurity. This acquisition is indicative of EQT Partners' interests in bolstering their portfolio with cutting-edge technology companies that specialize in workforce management solutions. While the financial terms of the transaction were not disclosed, the completion of the deal was officially announced in a press release dated October 31.
Sectors
- Human Resources Technology
- Private Equity
Geography
- Global – EQT Partners is a global investment firm, and PageUp operates internationally in the HR technology sector.
Industry
- Human Resources Technology – The acquisition involves PageUp, a company that develops software for HR and talent management, placing it within the HR-Tech sector.
- Private Equity – EQT Partners, a private equity firm, facilitated the acquisition, highlighting the industry's role in M&A activities.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PageUp Group | Target Company | Company | A human-resources and talent software provider. |
| EQT Partners | Acquirer | Company | A global investment firm acquiring PageUp to enhance its tech portfolio. |
| Battery Ventures | Vendor | Company | An investment firm that was the majority owner of PageUp before the sale. |
| Ropes & Gray | Legal Advisor | Company | Law firm representing EQT Partners in the transaction. |
| Martin Ruhaak | Private Equity Partner | Person | Ropes & Gray partner involved in the transaction. |
| Neill Jakobe | Private Equity Partner | Person | Ropes & Gray partner involved in the transaction. |
| Elaine Murphy | Tax Partner | Person | Tax partner at Ropes & Gray. |
| Jen Cormier | Employment Partner | Person | Employment partner at Ropes & Gray. |
| Regina Sam Penti | IP Transactions Partner | Person | IP transactions partner at Ropes & Gray. |
| Andy Dale | Litigation & Enforcement Partner | Person | Litigation & enforcement partner at Ropes & Gray. |
| Ed McNicholas | Data, Privacy & Cybersecurity Partner | Person | Data, privacy & cybersecurity partner at Ropes & Gray. |