HR Path secures massive €500 million investment from Ardian

HR Path, a global HR consulting and HRIS implementation company, has secured a record EUR €500 million investment from Ardian, a leading private investment house.

This significant financial move marks a pivotal moment in HR Path’s ongoing growth and expansion strategy, particularly in the Asia Pacific region.

Teck Seng Lee, Managing Director for Asia Pacific at HR Path, noted the transformative potential of this new capital injection. "Securing this EUR €500 million financing from Ardian is a transformative step for HR Path. This operation will enable us to strengthen our local position and develop new service offerings to meet the needs of our clients," he said.

HR Path operates through five branch offices in the Asia Pacific – Singapore, Australia, India, Indonesia, and Vietnam. The firm serves over 70 companies in the region, including well-known entities like DFS, NTUC First Campus, and Panasonic Sales Vietnam.

The company's regional turnover since 2021 stands at more than EUR €5 million, with a compound annual growth rate (CAGR) of 10%.

The funding from Ardian will be strategically deployed to accelerate HR Path’s external growth strategy. The company has been growing through acquisitions and the integration of 38 companies since its founding in 2009. A portion of the new funds will be dedicated to further expansion in the Asia Pacific region. This follows the successful acquisition of Daya Dimensi Global Pte Ltd, a regional company specialising in SuccessFactors, in 2021.

HR Path’s approach has always been comprehensive and tailored to address the multifaceted challenges companies face in managing human resources. It offers a range of services through three primary business lines - Advise, Implement, and Run. These include consultancy services, HR systems implementation, and payroll outsourcing, designed to help companies optimise their HR functions effectively.

Globally, HR Path operates in 22 countries and employs approximately 3,000 professionals. It has shown a robust CAGR of 25% since 2021, serving over 3,000 clients. This recent fundraising effort aims to not only consolidate its position in the markets where it already has a presence but also to explore new opportunities for growth and innovation.

The partnership with Ardian is expected to bolster HR Path’s international acquisition strategy and further its aim to be a leader in HR transformation. "This operation marks a new key milestone in HR Path's success story in the Asia Pacific.

It will allow the Group to strengthen its presence there by accelerating its external growth strategy and developing new innovations to serve the HR management needs of Asia Pacific companies," affirmed Teck Seng Lee.

HR Path's focus on the Asia Pacific region is part of a broader global expansion plan that includes growth in diverse markets such as the United States, Canada, Germany, the Nordic countries, and Australia. The company aims to enhance its service offerings and establish stronger local positions in these regions.

Ardian’s investment will support HR Path's broader strategy of offering customised HR solutions to a wider range of clients globally. Having a strong financial partner like Ardian is viewed as a substantial asset for HR Path as it seeks to scale its operations and explore new partnerships and collaborations.