- Sector: Application Software
- Deal Type: Private Equity Deals
- Engagement type: Sellside
- Size: $934 million
Arma Partners is pleased to announce that it has acted as financial advisor to HgCapital on the sale of its portfolio company, Personal & Informatik AG (“P&I”), to Permira. The terms of this transaction have not been disclosed.
Founded in 1968 and headquartered in Wiesbaden, Germany, P&I is a leading supplier of integrated HR software solutions for payroll, strategic HR and analytics. The company serves more than 15,000 customers, ranging from small and medium-sized private businesses (SMB) to public sector organisations of all sizes mainly across Germany, Switzerland and Austria (DACH region), but also in ten other European countries. P&I’s resilient business model, with a high share of recurring revenue, high growth and cash flow performance, is underpinned by constant investment into innovation and expansion of its products, driving cross-sell of new HR technology including HCM, recruiting and analytics solutions to its existing customer base, as well as strong wins of new customers.
This transaction highlights Arma Partners’ deep expertise and strong track record in enterprise software, notably in HCM and HR software, and our strong deal flow in the DACH region.