Hg Capital completed an investment in Personal & Informatik, a provider of cloud-based HR software, headquartered in Germany, acquiring the holding from funds advised by Permira at a €2bn ($2.2bn) valuation. "P&I is an exceptional business and we've been in the privileged position of knowing the team there for almost two decades. Since our first investment in P&I in 2013 we remain impressed by the quality and long-term vision of the business and its management team. We're excited to partner with P&I and its team again and support them in the next phase of growth," Justin von Simson, Hg Managing Partner.