Carlyle, Warburg Pincus to sell NEOGOV to EQT, CPP Investments

Funds managed by Warburg Pincus and Carlyle (CG) announced the signing of a definitive agreement to sell NEOGOV, a provider of HR and compliance software for U.S. public sector agencies, to EQT X fund and Canada Pension Plan Investment Board. Founded in 2000 and headquartered in El Segundo, California, NEOGOV delivers purpose-built human capital management and public safety solutions to nearly 10,000 public sector organizations across North America. NEOGOV’s cloud-native suite supports the full employee lifecycle – from recruitment and onboarding to performance management and compliance management – while helping agencies stay compliant with local policies and regulatory frameworks.The transaction is subject to customary conditions and approvals and is slated for completion in the coming months.