KKR Acquires The Citation Group from Hg

Hg Reinvests and Takes Co-controlling Stake in The Citation Group with KKR

September 22, 2020

Professional Services

Hg has exercised an option to re-invest in The Citation Group, acquiring a co-controlling stake and partnering with KKR to support the company’s next phase of growth. The investment backs Citation’s tech-enabled, subscription-based HR, employment law, health & safety and ISO services to thousands of UK SMEs; terms were not disclosed.

HarbourVest Partners Invests in Citation Group alongside KKR and Hg

December 18, 2024

Cloud & SaaS

Citation Group, a UK-based provider of tech-enabled compliance and certification subscription solutions for SMEs, has welcomed a new investment from HarbourVest Partners. HarbourVest joins existing majority investors KKR and Hg to support Citation's international growth, AI product development and strategic acquisitions; financial terms were not disclosed.

The Hilb Group Acquires HR Knowledge, Inc.

November 14, 2017

Insurance

The Hilb Group, a Richmond-based insurance brokerage and portfolio company of Abry Partners, acquired HR Knowledge (HRK), a Mansfield, Massachusetts-based provider of payroll, employee benefits, and HR management services, effective November 1, 2017. The add-on deal expands THG's benefits and outsourced HR capabilities; HRK's managing directors Ken Bettenhauser and Jeff Garr will continue to operate from Mansfield.

KKR Acquires Majority Stake in Healthcare Global Enterprises from CVC

February 24, 2025

Healthcare Services

KKR funds have agreed to acquire up to a 54% stake in Healthcare Global Enterprises (HCG) from CVC Asia V for a purchase price of INR 445 per share (deal value up to about US$400m). The transaction transfers majority ownership to KKR to support HCG's continued network growth, clinical and R&D expansion, and digital transformation; the deal is expected to close in Q3 2025 subject to regulatory approvals.

Hg Acquires Focus Group from Bowmark Capital

April 15, 2024

IT Services

Hg has agreed to acquire Focus Group, a UK provider of digital workplace, telecoms and managed IT services, from Bowmark Capital. The investment will support Focus Group's organic growth, product development and continued M&A expansion; the transaction is subject to regulatory approval and terms were not disclosed.

UKG Inc. Acquires Quorbit

November 3, 2022

Cloud & SaaS

UKG Inc. has acquired Quorbit, an Oxford-based startup that provides long-term workforce planning and labor-forecasting software for frontline and hourly roles. The acquisition will integrate Quorbit’s Google Cloud–built planning capabilities into UKG’s HCM suite to enhance strategic workforce planning, employee development, and operational insights for industries such as food service, hospitality, logistics, manufacturing, and retail.