Investcorp agrees to sell softgarden for $123m

RIYADH: Investcorp Technology Partners, one of Europe’s leading technology investors, signed a definitive agreement to sell softgarden e-recruiting GmbH to Grupa Pracuj for $123 million.

The transaction, which is expected to close imminently, will yield a return greater than three times invested capital in less than four years, according to a press release.

Softgarden, which was acquired by ITP softgarden in 2018, provides human resources software solutions to a diverse set of mid-market and enterprise customers across Europe