P+P advises Elvaston on acquisition of HR software provider Infoniqa
The private equity firm Elvaston has acquired a majority stake in Infoniqa Payroll Holding GmbH. P+P advised Elvaston on the transaction.
Infoniqa is headquartered in Thalheim, near Wels, Austria and is one of the leading providers of human resource software and outsourcing solutions for the HR sector in the German-speaking region. As a full-service provider, the company handles payroll (software and outsourcing), HCM (personnel management) and T&A (time tracking and access authorization). Infoniqa has approximately 150 employees in eight locations in Germany, Austria and Switzerland (DACH region) and serves over 2,800 customers with more than 2.75 million employees.
Elvaston is a private equity firm led by entrepreneurs that specializes in medium-sized technology companies in the German-speaking region. As a new strategic partner and majority stakeholder, Elvaston will support the strong growth of Infoniqa and the continued development of its market position.
P+P Pöllath + Partners advised Elvaston on all tax matters within the scope of the transaction with the following Munich-based team: