EQT X and CPP Investments Acquire NEOGOV from Warburg Pincus and Carlyle

July 28, 2025

EQT’s EQT X fund and Canada Pension Plan Investment Board (CPP Investments) have agreed to acquire NEOGOV, a provider of HR and compliance software for U.S. public-sector agencies. The deal is signed to be completed in the coming months and will bring NEOGOV’s cloud-native employee lifecycle and compliance platform to a new private ownership phase.

Buyers
EQT X (EQT), Canada Pension Plan Investment Board (CPP Investments)
Targets
NEOGOV
Sellers
Funds managed by Warburg Pincus, Carlyle
Industry
Software
Location
California, United States
Transaction Type
Buyout

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