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JMI Equity completed a $34m investment in Employee Navigator.

Financials

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Transaction Value£25m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Software

Friendly

Private

Minority

United States

Acquisition

Domestic

human resources software

Completed

Single Bidder

Synopsis

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JMI Equity, a growth equity firm focused on investing in leading software companies, completed a $34m investment in Employee Navigator, a benefits administration & HR software provider. "George and the Employee Navigator team have built a resilient business well-positioned for accelerated growth, as demonstrated by their record new business and profitability through Covid. The Company has established itself as a leader in the benefits administration software space, with impressive employee scale on the platform and some of the most positive customer and partner reference calls we have ever completed. Most importantly, George and the team have the deep insurance industry experience that is crucial to sustained success in this space. We are incredibly excited to partner with Employee Navigator and support their compelling long-term vision," David Greenberg, JMI Equity General Partner.

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