KKR (KKR) and SEEK Investments announced the signing of definitive agreements under which funds managed by KKR will acquire a stake in Employment Hero from SEEK Investments. The SEEK Growth Fund continues to be a material investor in Employment Hero. Mukul Chawla, Partner and Head of Asia Pacific Growth Equity, KKR, said, “Employment Hero marks our latest technology growth investment in Australia, a key market for our growth equity strategy, and aligns with our thematic focus on SMB software. We look forward to supporting the continued platformisation and international expansion of Employment Hero, which has established itself as a leader in human resources management in multiple markets including Australia, the UK, and Canada with its cloud-native and comprehensive product suite.” The transaction is expected to be completed by the first quarter of calendar year 2025.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KKR:
- Bain Capital withdraws from battle with KKR for Fuji Soft
- Private Equity Giant KKR Fails to Win the Heart of U.K Property Group Assura in $2 Billion Bid
- KKR Beats Bain Capital in Bidding War for Fuji Soft
- KKR mulling Nissan investment following failed Honda talks, Bloomberg reports
- Columbus McKinnon to acquire Kito Crosby in $2.7B all-cash transaction