June 10, 2021
Willkie advised NEOGOV in the transaction.
On June 2, NEOGOV, a market leader in public sector human capital management and policy management software, announced a significant investment from The Carlyle Group (NASDAQ: CG), a global investment firm, and existing investor Warburg Pincus, a leading global growth investor. The new investment is expected to accelerate NEOGOV's strategic initiatives and growth opportunities.
The new investment will allow NEOGOV to capitalize on a number of compelling organic and inorganic growth opportunities, including investing in NEOGOV's operations and go-to-market teams, continuing to expand the company's product suite for current customers, and entering adjacent end markets. In addition to expansion into new markets, NEOGOV will continue to serve as a platform for meaningful M&A in the broader government technology landscape.
Founded in 2000, NEOGOV is a leading provider of an integrated HR, payroll, talent management, accreditation management and policy management solutions for the public sector. The company provides a market-leading software-as-a-service (SaaS) human capital management platform to automate and streamline the employee lifecycle for state and local government, education, public safety, and other public sector customers. NEOGOV's software is designed specifically for the unique requirements of these complex and regulated end-markets and serves more than 6,500 organizations.
Warburg Pincus LLC is a leading global growth investor with more than $60 billion in private equity assets under management. The firm's active portfolio of more than 200 companies is highly diversified by stage, sector, and geography. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $90 billion in over 930 companies in more than 40 countries.
The Carlyle Group is a global investment firm that deploys private capital across three business segments: Global Private Equity, Global Credit and Investment Solutions, with $260 billion of assets under management as of March 31, 2021.
The Willkie team was led by partners Mark Cognetti and Manuel Miranda, and included associate Jeffrey Daniel.
