Venero ranked #1 HR Tech M&A advisor in 2022, sees strong momentum for HR Tech M&A in 2023

LONDON, PARIS, BERLIN, LOS ANGELES, 9 January, 2023 – In 2022 Venero Capital Advisors ranked as the #1 HR Tech focused M&A and corporate finance advisor globally by deal volume. The firm has been delivering almost a deal per month on average and in the last two years completed 17 M&A, debt financing, and equity financing advisory transactions for HR Tech and Work Tech businesses across Europe, N. America and Australasia – a track record that is by far the largest within the HR Tech sector compared to any other investment bank. 

The year 2022 was a challenging one for HR Tech and Work Tech companies on public markets. This was especially true for high-growth, lower-margin businesses, which saw their valuations fall more significantly. However, the impact on HR Tech valuations in private markets was more subdued, as reflected in the performance of Venero's HR Tech M&A practice. For the highest quality businesses, the team at Venero was able to deliver transactions at valuations that were broadly equivalent to those achieved before the recent correction.

Looking ahead in 2023, as the macro-environment stabilises, inflation comes under control, and interest rates peak, we expect HR Technology and the broader Work Tech sector to attract investor interest and maintain access to capital in resurgent M&A and fundraising markets. This is underpinned by the long-term structural tailwinds of the HR Tech industry, the ongoing consolidation within the space and the continued digital transformation of the workplace.

Venero is incredibly proud to be the financial advisor of choice for Future of Work businesses globally, with more WorkTech/HRTech companies trusting Venero to deliver a successful M&A transaction than any other investment bank.

Find out more about the deals on which we have advised across the world in 2022, as well as our previous transactions, here.