There’s a pay cheque in the post for US tech investor Battery Ventures. Street Talk understands Swedish private equity investor EQT Partners is closing in on Melbourne-born human resources business PageUp after tabling a non-binding bid in February.
British PE investor Permira was also understood to have shown interest, although it is unclear if it submitted an offer. The company pitches its software as an end-to-end solution for companies to manage their employees from recruitment to onboarding, performance management and succession planning. Its clientele stretches from government departments and universities to hospitals, retailers, builders and mining companies. Karen Cariss, who founded PageUp in 1997, chairs the board while ex-Dell Technologies CFO Mark Rice leads the management team as the chief executive.
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