Argus Partners Advises PeopleStrong, and HDFC Bank Limited on the stake sale by Multiples P.E. to Goldman Sachs Alternatives
We are pleased to share that Argus Partners advised the founders and management team of PeopleStrong, a leading human capital management SaaS provider, on the stake sale by Multiples P.E. to the private equity business of Goldman Sachs Alternatives for USD 130 million.
Argus Partners also advised PeopleStrong`s existing investor, HDFC Bank on the stake sale.
This acquisition marks a pivotal milestone for PeopleStrong, highlighting its significant role in the global HR technology landscape and accelerating its next phase of growth, particularly in AI-led product innovation.
Commenting on the stake sale, Sandeep Chaudhary, CEO of PeopleStrong stated, “We have remained focused on balanced, sustainable growth and are proud to stand out today as one of the few EBITDA-positive SaaS companies with a leading market position. We are excited to join forces with Goldman Sachs. With their global expertise in SaaS and AI, we look forward to driving the next phase of our growth together through continued innovation and operational excellence."
The transaction team at Argus Partners advising the founders and management team of PeopleStrong, consisted of, Rachika Agrawal Sahay (Partner), Siddhant Satapathy (Principal Associate), Mrinal Mishra (Senior Associate), and Govind Sharma (Associate).
The team at Argus Partners advising HDFC Bank consisted of, Adity Chaudhury, Arka Majumdar (Partners) and Pulkit Gera, Sakshi Mehta (Associates).
The team at Argus Partners advising PeopleStrong on the data retention policy aspects consisted of, Udit Mendiratta (Partner) and Apeksha Singh (Associate).
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