Deals & Cases

HgCapital acquires 91.85% in P&I Personal & Informatik AG and launches public tender offer

12 January 2014 – A company within the HgCapital Group has entered into an agreement to acquire 91.85% of all outstanding shares in P&I Personal & Informatik AG (P&I AG) from The Carlyle Group. The transaction is subject to regulatory approval. In the meantime, an affiliated company of the HgCapital Group has launched a public tender offer for the remaining shares in P&I AG. P&I AG has been listed in the Prime Standard segment of the Frankfurt Stock Exchange since 1999.

HgCapital is a leading European private equity investor with funds under management of more than EUR 6 bn. It mainly invests in the technology, media and telecommunications sector, industry, the service sector, healthcare and renewable energies. P&I AG is a leading German payroll and transactional HR software provider and also provides HR software and outsourcing services.

Walder Wyss AG advises HgCapital on all Swiss related aspects in this transaction. The team has been led by Alex Nikitine (Managing Associate, Capital Markets, Corporate/M&A) and Luc Defferrard (Partner, Banking Finance, M&A) and further includes David Hadad (Associate, Banking Finance) and Simone Wetzstein (Associate, Corporate/M&A).