Latham & Watkins has advised Ardian, a global private investment firm, on a transaction valued at approximately US$1 billion to support the next phase of growth of HR Path, a global leader in HR consulting.
The transaction reflects Ardian’s decision to continue supporting HR Path through the raising of a continuation fund, confirming its confidence in the group’s strategy and long-term value creation potential. The transaction also drew strong interest from more than 30 international investors, underlining the appeal of the HR Path model.
As part of the transaction, new senior debt of €340 million was raised, together with a RCF of nearly €70 million.
The Latham team was led by corporate partner Olivier du Mottay, with associates Emma Dalle Nogare and Pauline Sassard, and by finance partner Carla-Sophie Imperadeiro.
