Investment Summary

HP Invests In ExcellerateHRO World Services

On June 19, 2009, HP invested in business services company ExcellerateHRO World Services from Towers Perrin Reinsurance and Electronic Data Systems

Investment Highlights
  • This is HP’s 3rd transaction in the Business Services sector.
  • This is HP’s 59th transaction in the United States.
  • This is HP’s 8th transaction in Texas.
Investment Fate
  • ExcellerateHRO World Services was divested to a consortium of strategic buyers in 2010.

Investment Summary

Date 2009-06-19
Target ExcellerateHRO World Services
Sector Business Services
Investor(s) HP
Sellers(s) Towers Perrin Reinsurance
Electronic Data Systems
Deal Type Stake Purchase

Target

ExcellerateHRO World Services

Plano, Texas, United States
ExcellerateHRO, LLP (EHRO), a global benefits administration and relocation services provider. EHRO’s client list includes a broad selection of FORTUNE 500 clients and growing mid-market customers, who are served by more than 1,800 human resources specialists.

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Investor(S) 1

Investor

HP

Palo Alto, California, United States

Category Company
Founded 1939
Sector Technology Hardware
Employees58,000
Revenue 53.6B USD (2024)
DESCRIPTION
HP's corporate headquarters in Palo Alto, California.
HP's corporate headquarters in Palo Alto, California.

HP is a technology company that focuses on providing hardware, printers, and personal computing products. HP was founded in 1939 and is based in Palo Alto, California.


DEAL STATS #
Overall 73 of 98
Sector: Business Services M&A 3 of 3
Type: Stake Purchase M&A Deals 1 of 1
State: Texas M&A 8 of 9
Country: United States M&A 59 of 78
Year: 2009 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-01 LeftHand Networks

Boulder, Colorado, United States

LeftHand Networks is privately held and headquartered in Boulder, Colo. It has 215 employees and more than 500 resellers and distributors worldwide. The company has more than 11,000 installations across 3,000 different customers.

Buy $360M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-17 IBRIX

Billerica, Massachusetts, United States

Ibrix Inc., a privately-held maker of clustered file system software used for creating large, highly available network attached storage architectures.

Buy -

Seller(S) 2

SELLER

Towers Perrin Reinsurance

Stamford, Connecticut, United States

Category Company
Founded 1934
Sector Insurance
DESCRIPTION

Towers Perrin Reinsurance provides insurance services.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 ExcellerateHRO World Services

Plano, Texas, United States

ExcellerateHRO, LLP (EHRO), a global benefits administration and relocation services provider. EHRO’s client list includes a broad selection of FORTUNE 500 clients and growing mid-market customers, who are served by more than 1,800 human resources specialists.

Buy -
SELLER

Electronic Data Systems

Plano, Texas, United States

Category Company
Founded 1962
Sector Information Technology
DESCRIPTION

Electronic Data Systems Corp. is a multinational information technology equipment and services company.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-26 Mphasis

Bangalore, India

Mphasis Ltd. is an IT solutions provider, offering Applications, Business Process Outsourcing (BPO) and Infrastructure services globally through a combination of technology knowhow, domain and process expertise.

Sell -