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Northgate Information Solutions acquired by KKR

Private equity firm acquires leading specialist software and outsourcing business at an enterprise valuation of $2.2 billion

ATLANTA - March 11, 2008

Private equity firm, Kohlberg Kravis Roberts & Co. (KKR) has acquired Northgate Information Solutions (Northgate). The acquisition is implemented by means of a scheme of arrangement, which has become effective on March 5, following which KKR controls 100% of the shares of Northgate. Northgate’s shares were delisted from the London Stock Exchange on March 7, 2008. This followed the announcement of the recommended acquisition by the Boards of NIS Acquisitions Limited, a company controlled by certain funds advised by KKR, and Northgate Information Solutions plc, made on December 21, 2007.

For Northgate HR & ARINSO, the HR Division, the plans are to strengthen the human resources outsourcing, systems integration and software businesses, both through organic growth and a program of strategic acquisitions. The plans include continued geographic expansion, with new offices being opened in fast-growing markets, as well as increased investment in existing operations.

The deal completed in accordance with the original timetable at an enterprise valuation of $2.2 billion.

Executive quote

Chris Stone, chief executive officer at Northgate Information Solutions, commented: “KKR’s investment approach makes them an ideal partner for Northgate, as we share a common business philosophy for long-term value creation. The opportunities for us to expand the business under their ownership are extremely exciting.”

According to Stone, “The acquisition of ARINSO last year was transformational,” he commented. “Now operating as a single global company, our HR division is leading the way in the global Human Resources market. Under our new ownership, we will continue to drive delivery excellence in all areas.”

Multimedia

ARINSO logo

About the company

About Northgate Information Solutions
Northgate Information Solutions (Northgate) is a market leader in providing specialist software, outsourcing and information technology (IT) services to the human resources, local government, education and public safety markets.

Northgate, which is privately owned, employs over 6,000 staff and operates in 46 countries across 5 continents.

Northgate has approximately 4,500 large/medium customers and approximately 10,500 small to medium enterprise (SME) customers worldwide. The many corporate organisations Northgate works closely with include over 20% of Fortune 500 clients, 90% of the UK local authorities and all of the UK’s police forces.

About Northgate’s HR Division: Northgate HR & ARINSO
Northgate HR & ARINSO are a leading global Human Resources software & services provider offering innovative HR business solutions to employers of all sizes, including Global Fortune 500 companies and many Public Sector organizations. We help HR executives optimize their HR service delivery through smarter process and more efficient technology, supporting key HR areas like workforce administration, payroll, benefits, recruitment, learning, and talent management.

Our 4,500 employees are dedicated to HR excellence through strategic business consulting, outsourcing services, systems integration and best-of-breed software solutions. We are one of the 5 largest HR service providers world wide and have offices in 31 countries on 5 continents.

Contact details

Michelle Homes

LEWIS PR

206-224-3177

northgateARINSOus@lewispr.com

Treat Hull

Northgate HR

647-294-2602

Treat.Hull@northgate-is.com

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Northgate Information Solutions acquired by KKR

Executive quote

Multimedia

About the company

Contact details