Funding

HR Path Funding News – HR Path Secures €500 Mn Funding from Ardian

Jul 4, 2024 | By Team SR

HR Path, a global leader in HR consulting, announces a record €500 million fundraising from Ardian, a world-leading private investment house. This landmark fundraising, the largest of the company’s history, marks a significant milestone in HR Path’s success story. It will play a crucial role in driving the next phase of HR Path’s growth and international expansion in the United States, Canada, Germany, the Nordic countries and Australia.

SUMMARY

  • HR Path, a global leader in HR consulting, announces a record €500 million fundraising from Ardian, a world-leading private investment house.
  • HR Path, an expert, and a major player in Human Resources, helps companies for who the human experience is essential to their digital transformation.

HR Path employs a unique model to address these challenges in a global market driven by a multitude of technological solutions. By offering a comprehensive and customized approach to the full range of HR issues companies face, the Group positions itself as a true “one-stop shop for HR”.

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“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. We would like to express our heartfelt thanks to the HR Path partners, our employees, and customers for their unwavering support and dedication. 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.”

HR Path intends to use the new funding to continue and accelerate the external growth strategy initiated in 2009, which has seen the integration of 38 companies in 12 countries. The group plans to make new targeted acquisitions in strategic markets – such as the United States, Canada, Germany, the Nordic countries and Australia – to expand HR Path’s value proposition and strengthen its position in the global market.

Cyril Courtin, Co-founder and CEO of HR Path, added, “We also extend our gratitude to our partners, such as Société Générale Capital Partenaires (SGCP), one of our first financial partner and in particular Marc Jacquin, Director of Participations at SGCP, for their support and collaboration. This significant investment enables us to accelerate our growth plans and further innovate our service offerings. We are excited about the opportunities ahead and are committed to driving excellence in HR services worldwide.”

Ardian’s investment is a testament to their belief in HR Path’s potential, as they best understood our vision and the strength of its business strategy. The partnership is built on a shared vision for innovation and excellence in the HR consulting domain. HR Path is committed to addressing global transformation projects, leveraging its Advise, Implement, and Run (AIR) offerings to drive significant change and improvements in HR processes for businesses worldwide.

About HR Path

HR Path, an expert, and a major player in Human Resources, helps companies for who the human experience is essential to their digital transformation. Advise, Implement & Run are the 3 business lines of HR Path which contribute our customers corporate HR performance. Created in 2001 in Paris, France and with its 1,800 talents, HR Path advises, integrates, and operates for more than 3,000 clients in 22 countries. Its turnover will amount to €215 million euros in 2024.

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