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News » HR Path secures $541Mn for global expansion

HR Path secures $541Mn for global expansion

Photo from HR Path / Youtube

PARIS, FRANCE — Human resources consulting provider HR Path has secured a record-breaking €500 million (US$541 million) in financing from Ardian, a private investment house. 

The funds will be instrumental in driving the next phase of HR Path’s growth and international expansion, particularly in the United States, Canada, Germany, the Nordic countries, and Australia.

HR Path’s strategic expansion and acquisition plans

With this new funding, HR Path aims to accelerate its external growth strategy, which has already integrated 38 companies in 12 countries since 2009. 

“Securing this €500 million financing from Ardian is a transformative step for HR Path,” said François Boulet, co-founder and CEO of HR Path.

“This partnership underlines their confidence in our business model and our growth trajectory… With the support of the team and Ardian, we are poised to expand our HR digital transformation services on a global scale and deliver unparalleled value to our clients.”

Marie Arnaud-Battandier, Managing Director Expansion at Ardian, echoed this sentiment, noting, “We have been impressed by HR Path’s growth trajectory so far. We are confident that this strategic collaboration will open up exciting new opportunities.”

Comprehensive HR solutions

HR Path provides a comprehensive and customized approach to HR issues, positioning itself as a “one-stop shop for HR.”

Through its three business lines—advise, implement, and run—HR Path delivers consultancy services, HR systems implementation, and payroll outsourcing, enabling companies of all sizes and sectors to transform and optimize their HR functions effectively.

Operating in 22 countries, HR Path employs over 1,800 people and serves over 3,000 clients worldwide. The company has reported a turnover of €215 million ($232 million), with a compound annual growth rate (CAGR) of 25% since 2021.

“This significant investment enables us to accelerate our growth plans and further innovate our service offerings,” said Cyril Courtin, co-founder and CEO of HR Path.

“We are excited about the opportunities ahead and are committed to driving excellence in HR services worldwide.”

As HR Path embarks on this new chapter of growth and expansion, the company is well-positioned to strengthen its status as a global leader in HR transformations and continue delivering innovative solutions to its diverse client base.

 

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