Madison Dearborn Partners Acquires Majority Stake in Advanced Personnel Management (APM)
Private equity firm, Madison Dearborn Partners, involved in purchasing APM Group International
In a significant move for the human resource management industry, American private equity firm Madison Dearborn Partners (MDP) has completed its first major Australian acquisition by purchasing a controlling stake in Advanced Personnel Management (APM).
Founded in 1992, APM is a leading provider of employment services for people with disabilities, making a notable impact in the Australian job market. The transaction, which took place on June 30, 2020, marks MDP's entry into the Australian HR services sector.
The deal saw APM's majority shareholder, Quadrant Private Equity, part ways with the company. Hoskin & Harcourt S.E.N.C.R.L./s.r.l., a Canadian law firm, acted as MDP's legal advisor in the acquisition.
The legal team at Hoskin & Harcourt included Shahir Guindi, Hugo-Pierre Gagnon, Jean-Philippe Bertrand, Véronique Fortin-Latreille (corporate law), Michelle Lally (competition and foreign investment law), Julien Ranger-Musiol (pension and benefits), Damian Rigolo, Shari Cohen (employment and labor law), Michael Fekete, and Sam Ip (technology).
Despite the change in ownership, APM's founder, CEO, and current management will continue to participate in the company's management, ensuring a smooth transition and continuity of services.
APM's Canadian subsidiary, WCG International Consultants Ltd, will also remain under the company's umbrella. The acquisition is expected to bring about growth opportunities for both APM and MDP, as they collaborate to expand HR services and potentially enter new markets.
The integration of advanced technologies like artificial intelligence (AI) and machine learning (ML) is a growing trend in the human resource management industry. With this acquisition, MDP demonstrates its commitment to leveraging technology to enhance employee experiences and streamline processes.
As the field of human resource management continues to evolve with technological advancements and strategic management practices, the acquisition of APM by MDP signifies an exciting step forward in optimizing HR services and employee performance, particularly for individuals with disabilities.
A significant portion of the funding for the acquisition of Advanced Personnel Management (APM) by Madison Dearborn Partners (MDP) likely originated from their finance department.
Post-acquisition, Madison Dearborn Partners (MDP) may prioritize investing in technology like artificial intelligence (AI) and machine learning (ML) to enhance employee experiences and streamline processes within APM.
