The Carlyle Group completed an investment in CSS.

The Carlyle Group completed an investment in CSS, a German business software provider. Financial terms were not disclosed. "CSS is a leading player in the German accounting and HR software market. We believe the business is uniquely placed to benefit from the accelerating demand for modern, cloud-based solutions and to capture further market share from legacy players or providers who offer only accounting or HR software, rather than a combined product. In partnering with Michael Friemel and the CSS management team, we will seek to leverage our significant expertise in the sector gained from scaling similar software companies, both organically and through M&A," Thorsten Dippel, Carlyle Managing Director.