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New Deal


Announced

Completed

TPG-backed People 2.0 completed the acquisition of TalentWave from Serent Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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workforce compliance

Majority

Friendly

Outsourced HR and Staffing

agent of record services

Completed

Single Bidder

Private

Merger

Acquisition

Private Equity

employer of record

United States

Domestic

Synopsis

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TPG-backed People 2.0, a provider of outsourced global employer of record and agent of record services, completed the acquisition of TalentWave, a provider of EOR, AOR, and workforce compliance services from Serent Capital, a private equity firm. Financial terms were not disclosed. “Many of our clients operate internationally and stand to benefit tremendously from People 2.0’s global platform and capabilities. Particularly exciting is that TalentWave’s entire leadership team and I are assuming key roles in the combined entity, which not only provides continuity in the relationships with our clients, but also enables us to guide them personally in accessing People 2.0’s global resources,” Teresa Creech, TalentWave CEO.

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