HR Path receives €225 million in Financing

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This round combines the raising of external growth-oriented bank financing and a reorganization of equity around Andera Partners, a partner of the group since 2019, which is structuring a dedicated co-investment fund for the occasion. The creation of such a fund for a company the size of HR Path is unprecedented on the market. This new financing method not only offers liquidity to investors and shareholders but also allows the international group to benefit from additional financial resources to continue its growth.

The €225 million funding round was led by Andera Partners and a dozen of its subscribers, including Societe Generale Capital Partenaires (SGCP).  Six French banks (Société Générale, BNP Paribas, Crédit Agricole Ile de France, Banque Palatine, LCL and Caisse d’Épargne Ile de France) have also subscribed to this operation. The assistance of Volt Associés, and this co-investment fund made this fundraising.  Andera Partners, the co-investment fund and SGCP remain minority shareholders of the group.

HR Path’s services range from HR strategy consulting (Advise) through the implementation of software solutions (Implement) to payroll outsourcing (Run). The international Group aims to continue its expansion and expand its value proposition in all countries of the world, especially in the 19 countries where the group is already present.

With a double growth, both organic and external HR Path aims to:

–  Double its turnover within 5 years 

–  Receive 400 people a year in the coming years 

–  Become the world  leader in the digital transformation of the  HR function.

This new round will allow us to give ourselves the means to achieve our ambitions.  We want to contribute to the improvement of HR performance, including through the acquisition of new companies.  We want to share our HR expertise with large international groups and create HR innovation with them,” says François Boulet, co-president of HR Path.

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