Arnold Bloch Leibler is pleased to announce that we have acted for SEEK Growth Fund in its recent transaction involving the sale of a $95 million stake in Employment Hero to global investment firm KKR.
As reported in the Australian Financial Review, Employment Hero – an all-in-one HR, payroll, and benefits platform – is one of Australia’s fastest-growing private software companies. Following the transaction, SEEK Growth Fund will retain a “meaningful stake” in the business.
The ABL team was led by Corporate and M&A partner Jonathan Wenig, with support from lawyers Michael Fisher and Noah Abelman.
Arnold Bloch Leibler has a longstanding relationship with SEEK Growth Fund, having previously advised on the establishment of the fund in 2021. Partner Jonathan Wenig commented: “This transaction highlights the evolution of SEEK Growth Fund’s investment strategy and its track record in backing transformative businesses. We are proud to have played a role in facilitating this milestone and to continue our work with SEEK Growth Fund as it pursues innovative, high-growth opportunities.”
Read the full coverage in the Australian Financial Review here.
