KKR Acquires Stake in HRM Platform Employment Hero from SEEK Investments
KKR has announced the acquisition of a stake in Employment Hero from SEEK Investments, with SEEK Growth Fund remaining a material investor. Founded in 2014, Employment Hero is a leading employment management platform serving over 300,000 SMEs globally with HR management, payroll, recruitment, and employee engagement tools.
The company has achieved A$250 million in annual recurring revenue (ARR) and recently acquired Canadian platform Humi in January. The transaction, expected to complete by Q1 2025, marks KKR's latest technology growth investment in Australia through its Asia Next Generation strategy.
Employment Hero plans to focus on international expansion and platform development, leveraging KKR's experience and network. The investment follows KKR's previous growth equity investments in the region, including Advanced Navigation, SmartHR, GrowSari, KiotViet, and Privy.
KKR ha annunciato l'acquisizione di una partecipazione in Employment Hero da SEEK Investments, con SEEK Growth Fund che rimane un investitore significativo. Fondata nel 2014, Employment Hero è una piattaforma leader nella gestione delle risorse umane che serve oltre 300.000 PMI a livello globale, offrendo strumenti per la gestione HR, il payroll, il reclutamento e il coinvolgimento dei dipendenti.
L'azienda ha raggiunto A$250 milioni di entrate ricorrenti annuali (ARR) e ha recentemente acquisito la piattaforma canadese Humi a gennaio. La transazione, prevista per essere completata entro il primo trimestre del 2025, segna l'ultimo investimento di crescita tecnologica di KKR in Australia attraverso la sua strategia Asia Next Generation.
Employment Hero prevede di concentrarsi sull'espansione internazionale e sullo sviluppo della piattaforma, sfruttando l'esperienza e la rete di KKR. L'investimento segue gli precedenti investimenti in capitale di crescita di KKR nella regione, tra cui Advanced Navigation, SmartHR, GrowSari, KiotViet e Privy.
KKR ha anunciado la adquisición de una participación en Employment Hero de SEEK Investments, con SEEK Growth Fund permaneciendo como un inversor significativo. Fundada en 2014, Employment Hero es una plataforma líder en gestión de empleo que atiende a más de 300,000 pymes en todo el mundo, ofreciendo herramientas para la gestión de recursos humanos, nómina, reclutamiento y compromiso de empleados.
La empresa ha alcanzado A$250 millones en ingresos recurrentes anuales (ARR) y recientemente adquirió la plataforma canadiense Humi en enero. La transacción, que se espera completar para el primer trimestre de 2025, marca la última inversión de crecimiento tecnológico de KKR en Australia a través de su estrategia Asia Next Generation.
Employment Hero planea centrarse en la expansión internacional y el desarrollo de la plataforma, aprovechando la experiencia y la red de KKR. La inversión sigue a las anteriores inversiones de capital de crecimiento de KKR en la región, incluyendo Advanced Navigation, SmartHR, GrowSari, KiotViet y Privy.
KKR는 Employment Hero에 대한 지분 인수를 SEEK Investments로부터 발표했으며, SEEK Growth Fund는 여전히 중요한 투자자로 남아 있습니다. 2014년에 설립된 Employment Hero는 30만 개 이상의 중소기업에 HR 관리, 급여, 채용 및 직원 참여 도구를 제공하는 선도적인 고용 관리 플랫폼입니다.
회사는 A$250 백만의 연간 반복 수익 (ARR)을 달성했으며, 최근 1월에 캐나다 플랫폼 Humi를 인수했습니다. 2025년 1분기까지 완료될 것으로 예상되는 이번 거래는 KKR의 아시아 차세대 전략을 통한 호주에서의 최신 기술 성장 투자입니다.
Employment Hero는 KKR의 경험과 네트워크를 활용하여 국제 확장 및 플랫폼 개발에 집중할 계획입니다. 이번 투자는 Advanced Navigation, SmartHR, GrowSari, KiotViet 및 Privy를 포함한 KKR의 이전 성장 자본 투자에 이어집니다.
KKR a annoncé l'acquisition d'une participation dans Employment Hero de SEEK Investments, avec SEEK Growth Fund restant un investisseur significatif. Fondée en 2014, Employment Hero est une plateforme de gestion de l'emploi de premier plan servant plus de 300 000 PME dans le monde avec des outils de gestion des ressources humaines, de paie, de recrutement et d'engagement des employés.
L'entreprise a atteint A$250 millions de revenus récurrents annuels (ARR) et a récemment acquis la plateforme canadienne Humi en janvier. La transaction, qui devrait être finalisée d'ici le premier trimestre 2025, marque le dernier investissement de croissance technologique de KKR en Australie dans le cadre de sa stratégie Asia Next Generation.
Employment Hero prévoit de se concentrer sur l'expansion internationale et le développement de la plateforme, tirant parti de l'expérience et du réseau de KKR. Cet investissement fait suite aux précédents investissements en capital de croissance de KKR dans la région, y compris Advanced Navigation, SmartHR, GrowSari, KiotViet et Privy.
KKR hat die Übernahme einer Beteiligung an Employment Hero von SEEK Investments angekündigt, wobei der SEEK Growth Fund ein wesentlicher Investor bleibt. Employment Hero wurde 2014 gegründet und ist eine führende Plattform für das Beschäftigungsmanagement, die über 300.000 KMU weltweit mit HR-Management, Lohnabrechnung, Rekrutierung und Mitarbeiterengagement-Tools bedient.
Das Unternehmen hat A$250 Millionen an wiederkehrenden jährlichen Einnahmen (ARR) erreicht und kürzlich im Januar die kanadische Plattform Humi übernommen. Die Transaktion, die voraussichtlich im ersten Quartal 2025 abgeschlossen wird, markiert KKR's neueste Technologie-Wachstumsinvestition in Australien im Rahmen seiner Asia Next Generation-Strategie.
Employment Hero plant, sich auf internationale Expansion und Plattformentwicklung zu konzentrieren und dabei KKR's Erfahrung und Netzwerk zu nutzen. Die Investition folgt auf KKR's vorherige Wachstumsinvestitionen in der Region, darunter Advanced Navigation, SmartHR, GrowSari, KiotViet und Privy.
- Achieved A$250 million in annual recurring revenue
- Strong market presence with 300,000+ SME clients globally
- Recent strategic expansion through Humi acquisition in Canada
- Backing from major investors KKR and SEEK Growth Fund
- None.
Insights
Employment Hero's impressive A$250 million annual recurring revenue demonstrates strong product-market fit in the HR technology sector, with a robust 300,000 SME client base across multiple markets. The SaaS metrics suggest significant scale and operational efficiency, particularly important in the current market environment where revenue quality and sustainable growth are paramount.
KKR's investment represents more than just capital injection - it's a strategic positioning in the rapidly evolving HR tech landscape. The deal's timing is particularly noteworthy, following Employment Hero's acquisition of Humi, which expanded their presence in the Canadian market. This sequential expansion strategy, backed by KKR's extensive resources and network, could accelerate their international growth trajectory, particularly in the Asia-Pacific region where KKR has demonstrated success with similar B2B SaaS investments like SmartHR in Japan and KiotViet in Vietnam.
The retention of SEEK Growth Fund as a material investor creates an optimal ownership structure, combining SEEK's deep understanding of the employment sector with KKR's global technology scaling expertise. This partnership structure could provide Employment Hero with significant competitive advantages in product development and market expansion, particularly important as the HR tech sector continues to consolidate and mature.
Employment Hero's end-to-end platform approach, covering the complete employee lifecycle, positions them well in a market where integrated solutions are increasingly preferred over point solutions. Their focus on SMEs, traditionally an underserved market segment in terms of sophisticated HR technology, provides substantial growth runway, especially in emerging markets where SME digitalization is accelerating.
Transaction marks KKR’s latest technology growth investment in
SEEK Growth Fund continues to be a material investor in the company
Founded in 2014, Employment Hero is a leading employment management platform that provides end-to-end human resources management, payroll, recruitment, and employee engagement tools covering every stage of the employee lifecycle. Over the past decade, the Company has grown its footprint to serve more than 300,000 small and medium-sized enterprises globally.
Mukul Chawla, Partner and Head of Asia Pacific Growth Equity, KKR, said, “Employment Hero marks our latest technology growth investment in
For Employment Hero, KKR’s investment builds on its strong growth momentum and follows its acquisition of leading Canadian employment platform Humi in January. In addition, the Company has surpassed
Ben Thompson, CEO and Co-Founder at Employment Hero, said, “Employment Hero’s mission is to make employment easier and more valuable for everyone. Over 300,000 businesses globally are using our employment operating system, helping boost job creation for local economies and GDP globally. Our recent milestone of
Commenting on the transaction, Andrew Bassat, Executive Chairman and CEO of SEEK Investments, said, “The SEEK Growth Fund has been a long-term investor and supporter of Employment Hero. We retain our high conviction towards Employment Hero’s strategy and outlook. We look forward to continuing our partnership with Ben and working with KKR to help Employment Hero realise its full potential.”
KKR makes its investment from its Asia Next Generation strategy. This marks KKR’s latest growth equity investment in
The transaction is expected to be completed by the first quarter of calendar year 2025.
About Employment Hero
Employment Hero is the global authority on employment, offering a world-leading Employment Operating System (eOS) that simplifies and optimises every stage of the employment process. Its award-winning platform combines HR, payroll, recruitment, and employee engagement tools with the groundbreaking employment superapp, Employment Hero Jobs, which integrates career management and financial wellbeing. Serving over 300,000 businesses and managing more than 2 million employees worldwide, Employment Hero reduces administrative burdens by up to
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
About SEEK Investments
SEEK Investments is the manager of the SEEK Growth Fund a long-term investor and business builder currently focused on Human Capital Management. The Fund includes a portfolio of high-growth HCM businesses in Ed-tech, HR SaaS and contingent labour. SEEK Investments builds upon its team’s 100+ years of experience in investing and operating high growth technology businesses. The Fund has assets under management of over
View source version on businesswire.com: https://www.businesswire.com/news/home/20250217503570/en/
Media Contacts
For more information, please contact:
For Employment Hero
Marina Holmes
0416 663 396
marina.holmes@employmenthero.com
For KKR
Wei Jun Ong
+65 6922 5813
WeiJun.Ong@kkr.com
For SEEK Investments
Ronnie Fink
0419 895 831
rfink@seekinvestments.com
Source: KKR
FAQ
What is the expected completion date for KKR's acquisition of Employment Hero stake?
How much annual recurring revenue (ARR) does Employment Hero generate?
How many SMEs does Employment Hero currently serve globally?
What markets does Employment Hero operate in?
What was Employment Hero's most recent acquisition before the KKR investment?
