Transaction Details
November 1, 2013
Frankfurt
Sector
Technology
Deal Type
Debt advisory, M&A
Deal Value
N/D
Deal Team
Sascha Pfeiffer, Raiko Stelten, Fabian Gehlhaar, Gerd Bieding, Thorsten Weber
GCA Altium acted as financial adviser to HgCapital on the public takeover of P&I Personal & Informatik AG.
Founded in 1968, P&I is the leading German payroll and transactional HR software provider with more than 3,500 enterprise and public sector customers in Europe. P&I is the premium supplier of integrated software solutions for human resources management, especially payroll, web-based personnel management and time management solutions. Additionally, P&I offers services such as implementation, consulting, training and HR outsourcing.
In its latest financial year FY12/13, P&I generated revenues of €82.1 million and an EBIT of €24.0 million. P&I has been listed on the Frankfurt stock exchange since July 1999.
In 2009, The Carlyle Group, via its holding company Argon, acquired a 29.9% stake in P&I and following a voluntary public takeover bid subsequently increased their stake in P&I to over 90%.