Private equity firm Kohlberg Kravis Roberts & Co (KKR) has acquired Northgate Information Solutions in a deal valued at over £1bn.

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.”

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 programme 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.

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.”

The deal completed in accordance with the original timetable at an enterprise valuation of £1.1bn.