KKR to acquire a stake in Employment Hero from SEEK Investments.

KKR, a private equity firm, agreed to acquire a stake in Employment Hero, a HRM Platform, from SEEK Investments, an investment firm. Financial terms were not disclosed. “Employment Hero marks our latest technology growth investment in Australia, a key market for our growth equity strategy, and aligns with our thematic focus on SMB (small and medium business) software. We look forward to supporting the continued platformisation and international expansion of Employment Hero, which has established itself as a leader in human resources management in multiple markets including Australia, the UK, and Canada with its cloud-native and comprehensive product suite,” Mukul Chawla, KKR Partner and Head of Asia Pacific Growth Equity.