Funds managed by Warburg Pincus LLC and global investment firm Carlyle announced on July 28, 2025, the signing of a definitive agreement to sell NEOGOV to EQT X fund and Canada Pension Plan Investment Board. NEOGOV is a provider of HR and compliance software for U.S. public sector agencies.
NEOGOV, founded in 2000, delivers human capital management and public safety solutions to nearly 10,000 public sector organizations across North America. Carlyle supported NEOGOV alongside Warburg Pincus for nine years, during which the company scaled its platform, expanded its product suite, and achieved consistent top-line growth.
This transaction represents a successful exit for Carlyle, demonstrating its ability to foster growth and innovation in its portfolio companies. The sale is subject to customary conditions and approvals and is slated for completion in the coming months, marking a significant monetization event for Carlyle's investment.
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