HgCapital will back existing management and its growth strategy and assume majority ownership from the management shareholders and CVC Capital Partners. The amount of the deal was not disclosed.
Led by Kobe Verdonck, CEO, Raet specializes in HR cloud software and HR services.
Active in the Netherlands since 1965, Raet serves over 10,000 customers enabling HR for some 3 million people internationally through its cloud solutions.
The company currently employs over 1,000 staff with a presence in the Netherlands, Belgium, Spain, Argentina, Peru, Chile and Colombia.