SINGAPORE – Global HR consulting firm HR Path has secured €500 million (approx. US$544 million) from private investment house Ardian. The amount raised is the largest in the history of HR Path and marks a significant milestone in its growth trajectory, the firm said.

The funds are expected to drive HR Path’s international expansion across Asia, Australia, the US, Canada, Germany, and the Nordic countries.

HR Path offers a model geared towards recruitment optimisation, talent development and retention, and HR management, which are considered in the talent industry as key success factors and competitive advantages for businesses.

The company said it positions itself as a “one-stop shop for HR” and provides a customised approach to various HR concerns.

With three core business lines – Advise, Implement, and Run – the firm aims to deliver consultancy services, HR systems implementation, and payroll outsourcing to help companies of all sizes and from various industries enhance their HR function.

Strategic growth in Asia Pacific

HR Path said its strategic approach has established it as a leading HR consultancy globally.

In the Asia Pacific region, the firm operates across five locations, namely Australia, India, Indonesia, Singapore, and Vietnam; employs over 50 people; and serves more than 70 companies.

Notable clients include DFS, NTUC First Campus, Sacombank, Panasonic Sales Vietnam, Chandra Asri, Petrosea, and XL Axiata. Turnover in Asia Pacific exceeds €5 million, with a compound annual growth rate (CAGR) of 10% since 2021, the firm said.

Future plans and expansion

HR Path believes the recent €500 million funding round from Ardian will be instrumental in its plans for further growth in the Asia Pacific region.

“Securing this €500 million financing from Ardian is a transformative step for HR Path. This operation will enable us to strengthen our local position and develop new service offerings to meet the needs of our clients,” said Teck Seng Lee, Managing Director for APAC at HR Path.

HR Path plans to leverage the new funding to accelerate its external growth strategy in APAC, which began in 2021. This move has already seen the integration of Daya Dimensi Global Pte Ltd (DDG), a regional company specialising in SuccessFactors since 2012.

The firm said it is exploring several avenues for partnerships and collaborations to expand its geographical presence and service offerings.

The fresh capital injection is set to pave the way for HR Path to deliver customised HR solutions globally, while significantly enhancing its market position and service capabilities in APAC, the firm said.