Funding
Goldman Sachs acquires controlling stake in HR SaaS firm PeopleStrong for $130 million
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The private equity arm of investment bank Goldman Sachs has completed the acquisition of a majority stake in Gurugram-based HR software-as-a-service (SaaS) firm PeopleStrong for around $130 million (around Rs 1,200 crore), people in the know told ET.
“Goldman Sachs has acquired the Multiples PE’s 84% stake in PeopleStrong in addition to buying out a part of the Esops pool from the company’s employees,” one of the persons said.
This is a second major private equity buyout deal of a SaaS firm this year, after Singapore-based private equity firm…
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