P+P advises the chairman of the board of P&I AG on the sale to Hg Capital
P&I AG is one of the leading European providers of cloud-based HR software and is headquartered in Wiesbaden. The company was founded in 1968 and provides products and service solutions to simplify and automate HR duties in companies and organizations of all sizes. Over 400 employees currently serve more than 15,000 customers, primarily in Germany, Austria and Switzerland.
Hg took over the P&I Group in November 2013 from the investment firm Carlyle. In September 2016, the participation was sold to Permira and now reacquired. The transaction is the fourth investment of the Hg Saturn 1 Fund, launched at the beginning of 2018. In addition to Visma, IRIS, Access Group, Citation Group and Allocate Software, P&I is the sixth company in Hg's current portfolio.
As it previously did on the sale of the participation to Permira in 2016, P+P Pöllath + Partners advised the chairman of the board of P&I AG on the sale of the participation to Hg with the following Munich-based team:
- Dr. Tim Kaufhold (partner, lead, M&A/private equity)
- Dr. Nico Fischer (partner, tax)
- Matthias Oberbauer (associate, M&A/private equity)
