Hg Capital to acquire an additional stake in P&I from Permira at a €5.5bn valuation.

Hg Capital, an investor in European and transatlantic software and services businesses, agreed to acquire an additional stake in P&I, a provider of modern, cloud-based HR solutions based in Germany, from Permira, a private equity firm, at a €5.5bn valuation. Founded in 1968 and based in Germany, P&I has been at the forefront of HR innovation for over 50 years, providing cutting-edge technology to streamline and optimise HR processes. The company has grown substantially over the last 20 years and serves more than 15,000 customers across Europe, ranging from SMEs and large corporations across all industries to public sector customers of all sizes.