Luminate Capital Leads Acquisition of AbsenceSoft in HR Tech Sector

Tuesday, 17 September 2024, 04:58

Luminate Capital picks up HR tech firm AbsenceSoft, marking a significant shift in the market landscape. This acquisition, advised by Raymond James, showcases a growing trend in HR technology investments. The deal is poised to leverage AbsenceSoft's innovative solutions in workforce management.
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Luminate Capital Leads Acquisition of AbsenceSoft in HR Tech Sector

Overview of the Acquisition

Luminate Capital picks up HR tech firm AbsenceSoft, a strategic move aimed at enhancing their portfolio.

Details of the Deal

  • Advisors: Raymond James provided M&A advisory services.
  • Legal representation for Norwest was Goodwin Proctor.
  • Kirkland & Ellis acted as legal advisor for Luminate.

Market Implications

This acquisition signifies a larger trend of investments in the HR tech sector, highlighting an increasing interest in workforce solutions.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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