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Hg deepens commitment to German HR software leader P&I - QuotedData

Summary by QuotedData
Hg, the manager of HgCapital Trust plc (HGT), has announced a further investment in Personal & Informatik AG (P&I), as part of a recapitalisation of the business valuing the company at €5.5bn. The investment sees Hg acquire a minority stake from Permira, which will fully exit its position, having first backed the company in 2016. HGT will commit approximately £53m to the transaction, alongside other institutional clients of Hg. The terms of the …
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QuotedData broke the news in on Monday, March 31, 2025.
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