Warburg Pincus and Carlyle Announce Agreement to Sell NEOGOV to EQT and CPP Investments

Carlyle and Warburg Pincus agreed on 28 July 2025 to sell NEOGOV to EQT X and CPP Investments. NEOGOV’s subsequent company release identifies it as an EQT portfolio company and part of CPPIB. An EQT vehicle separately reported acquiring its ownership interest on 26 September 2025; that date and its $100 million ticket are not the full buyout’s closing date or price. Carlyle’s individual proceeds remain unconfirmed.