P+P advises the CEO of P&I AG on the sale to Permira
The private equity investor Permira aquired a majority stake in P&I from Hg Capital and the management. P&I AG provides software programs for companies, inter alia for payroll solutions.
According to official figures, the company has about 400 employees and serves 15,000 customers, primarily in Germany, Austria and Switzerland.
Hg Capital aquired the P&I group from private equity investor Carlyle in November 2013. The transaction is still subject to approval by the relevant antitrust authorities.
P+P Pöllath + Partners advised the CEO of P&I AG on the sale of his shares to Permira with the following Munich team: