Global law firm Freshfields has advised global private equity firm Permira on the sale of its remaining minority interest in a leading DACH provider of cloud-based HR software solutions Personal & Informatik AG (P&I) to co-shareholder Hg. The transaction marks Permira’s full exit from P&I. The deal values the business at around €5.5bn.

P&I, based in Wiesbaden, develops cloud-based HR solutions including the LOGA3 platform and serves over 15,000 clients across the public and private sectors. The company reported revenues of approximately €300m in the last financial year. Permira had originally acquired a majority stake in 2016 and retained a minority interest after Hg regained control in 2019.

The Freshfields team was led by Partners Olga Stürmer and Markus Paul, Principal Associate Carsten Haak and Associate Iliana Diedrich (all Private Equity, all Frankfurt).