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HighBar Partners Acquires SilkRoad Technology to Support Digital and Workforce Transformation
Friday 17 September 2021

California-based private equity investor HighBar Partners has acquired Chicago-based human capital management software company SilkRoad Technology to accelerate SaaS solutions, the company said.

Terms of the transaction were not disclosed.

In combination with the deal, HighBar Partners will provide additional growth equity financing to further develop SilkRoad's SaaS capabilities, elevate its technology stack and deliver new secure global business solutions that support digital and workforce transformation in this expanding market.

Existing investors Foundation Capital and Two Sigma Ventures are participating in the growth equity financing for SilkRoad with HighBar.

The acquisition of SilkRoad will drive significant change for enterprise organisations, to assist in the deployment of talent where the organisation needs it most, and to accelerate employee contributions delivering impactful outcomes for its customers.

Cowen, Inc., served as financial advisor to SilkRoad Technology and Winston and Strawn, LLP, served as legal counsel. Goodwin Proctor, LLP, served as legal counsel to HighBar Partners. Debt financing for the transaction was provided by Bridge Bank.
Date Published: 17/09/2021