Hello Hubsters,
It’s Irien Joseph bringing you the Europe edition of the Wire from the London newsroom.
Let’s kick things off today with an analysis into the main trends behind private equity’s growing focus on the HR software sector.
Next, we turn to a carve-out deal as Triton has announced plans to acquire Bosch Group’s security and communications technology product business.
To wrap things up, I feature nine exits we covered in Europe and North America in this week’s deal highlights.
Reshaping HR with tech
Private equity interest in the HR software sector surged in 2024, fueled by advancements in AI, payroll automation and the digitization of employee benefits. These trends are not only redefining how companies manage their workforces but are also driving significant M&A activity. With the sector likely poised for further growth, here’s a look at how these trends influenced deals in 2024 and are setting the stage for dealmaking momentum in 2025.
You can find our full sector breakdown here. It covers three main trends in the HR software sector and features firms such as EQT, Bain Capital and Main Capital Partners.
Subscribers can read more details in the premium version of the Wire.
Second time’s the charm
Triton has agreed to acquire the security and communications technology product business BSCT from Bosch Group.
You can find more details in the premium version of the Wire.
For more on carve-outs, check out Nina Lindholm’s deep dive into Astorg’s Cook Medical carve-out.
Exit action
In this week’s deal highlights, the focus is on nine exits PE Hub covered in North America and Europe.
Subscribe to the premium version of the Wire to find out the exits we covered this week.
That’s it from me. John R Fischer will be with you in the New York morning with the US edition and Craig McGlashan will bring you the Europe edition of the Wire on Monday.
Warmly,
Irien
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