Argus, JSA on Rs 400 crore Multiples investment in PeopleStrong
Argus Partners advises Peoplestrong HR Services Private Limited (“PeopleStrong”) and its promoters on an investment in it by Multiples Private Equity Fund II LLP and Plenty Private Equity Fund I Limited (“Multiples PE Fund”). Argus has also advised some of the selling shareholders including HDFC Holdings Limited on the sale of their stake in the company to Multiples PE Fund. PeopleStrong is a HR outsourcing and technology firm. Multiples PE Fund has invested through a combination of primary and secondary investments. This is one of the largest deals in the HR technology industry, both in size and scope.
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