Latham & Watkins Advises Hg on Further Investment in P&I

Latham & Watkins LLP has advised Hg on a further investment in Personal & Informatik AG (P&I), a leading provider of modern, cloud-based HR solutions based in Germany. Hg will increase its stake in P&I, acquiring a minority shareholding from Permira, which will fully exit the business after investing in 2016. The transaction values P&I at €5.5 billion, representing significant growth from Hg’s initial investment at around €400 million in 2013.

The Latham team was led by private equity partners Maximilian Platzer and Oliver Felsenstein, with associates Corinna Freudenmacher, Andreas Holzgreve, Dennis Amiri, and Lennart Werbeck. Advice was also provided on tax matters by partners Verena Seevers and Alan Kimball; on antitrust matters by partners Max Hauser and Dammann de Chapto, with associate Nicolas Jung; on data protection matters by counsel Wolf-Tassilo Böhm, with associate Clemens Ganz; on real estate matters by counsel Sven Nickel, with associate Marie-Christine Welp; on IP matters by partner Susan Kempe-Müller, with associate Daniela Jaeger; and on employment matters by counsel Florian Dehmel.