KKR will acquire a stake in Employment Hero, a Sydney, Australia-based employment management platform provider, from SEEK Investments.
The transaction is expected to be completed by the first quarter of calendar year 2025.
Founded in 2014 and led by CEO Ben Thompson, Employment Hero offers an employment operating system (eOS) that optimises stages of the employment process. Its platform combines HR, payroll, recruitment, and employee engagement tools with the 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, the company reduces administrative burdens by up to 80%, enabling organisations to focus on their goals and create more productive, engaged teams.
For Employment Hero, KKR’s investment followed its acquisition of Canadian employment platform Humi in January. In addition, it has surpassed A$250M in annual recurring revenue (ARR).
SEEK Investments is the manager of the SEEK Growth Fund, a long-term investment fund focused on human capital management. The SEEK Growth Fund continues to be a material investor in Employment Hero.
FinSMEs
18/02/2025