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September 02, 2015 4:50 AM ET

IT Services

Company Overview of Northgate Information Solutions Holdings Limited

Company Overview

Northgate Information Solutions Holdings Limited, through its subsidiaries, provides technology solutions and services for human resources management worldwide. It provides human resources (HR) services, such as payroll outsourcing, HR outsourcing, technology consulting, and application management services, as well as various platforms and tools. Northgate Information Solutions Holdings Limited was founded in 1969 and is headquartered in Hemel Hempstead, the United Kingdom.

Maylands Avenue

Peoplebuilding 2

Peoplebuilding Estate

Hemel Hempstead,  HP2 4NW

United Kingdom

Founded in 1969

9,771 Employees

Phone:

44 1442 204500

Key Executives for Northgate Information Solutions Holdings Limited

Group Chief Executive, Executive Director and Chief Executive of NGA Human Resources Division
Age: 51
Chief Executive of Northgate Public Services Division
Age: 53
Managing Director of Managed Services
Chief Executive of NorthgateArinso
Age: 51
President of North America Region - NGA Human Resources Division
Compensation as of Fiscal Year 2015.

Northgate Information Solutions Holdings Limited Key Developments

Cinven, ABRY Reportedly Ready Final Bids For KKR's Northgate Unit

United States and European buyout funds are preparing final bids to acquire a division of Kohlberg Kravis Roberts & Co. L.P.'s (NYSE:KKR) Northgate Information Solutions Holdings Limited in a deal that could value the asset at up to £470 million, sources familiar with the process said. Cinven Limited is working on submitting a binding offer ahead of a November 27, 2014 deadline, the sources said. Northgate Public Services Limited expects to receive another three or four offers from a combination of generalist and technology-centred buyout groups including ABRY Partners, LLC, one of the sources said. NPS, which is advised by Rothschild, will select a buyer in December 2014 hoping to fetch a price of eight to ten times its projected core earnings of £47 million, two sources said. Representatives at Northgate, Rothschild and Cinven declined to comment. A spokesman for ABRY could not be reached for comment, Reuters reported.

Bankers Ready $482 Million Debt For Northgate Unit Sale

Bankers are preparing about $482 millionof debt to back Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR)'s potential sale of the public sector division Northgate Public Services Limited of Northgate Information Solutions Holding Limited, banking sources said. Northgate Public Services (NPS), whose clients include Britain's police, local government agencies and the National Health Service, was put up for sale earlier in 2014. NPS is attracting interest from a number of potential buyers and first round bids in an auction process are due next week, the banking sources said. KKR declined to comment.

KKR To Sell Public Sector Division Of Northgate

Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) is looking to sell the public sector division, Northgate Public Services Limited of its software firm Northgate Information Solutions Holding Limited. The business will be marketed to private equity funds in an auction later this year and could be worth around $600 million, two sources familiar with the situation said. KKR has appointed Rothschild to handle the sale, sources said. KKR, which was in turn advised by JPMorgan, was interested in merging the two companies under a new private equity investor but talks fell through, partly because such a combination would have triggered an antitrust review, said the second source who can't be named because the matter is confidential.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 22, 2014
Northgate Public Services Limited
 

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