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%.

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