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The Carlyle Group to Acquire 29.34% of Personal & Informatik AG

The Carlyle Group to Acquire 29.34% of Personal & Informatik AG
 
Global private equity firm The Carlyle Group today announced that it is acquiring 29.34% of Personal & Informatik AG, a leading human resources software and services vendor to small and medium sized enterprises based in Wiesbaden, Germany. Carlyle acquired 24.9% of P&I shares directly and has been granted options to buy the additional 4.44% of P&I shares. Carlyle intends to exercise these options after having obtained antitrust clearance in Germany and other jurisdictions. The purchase price was not disclosed.
 
P&I is a rapidly growing vendor of human resources software solutions and related consulting services for enterprises across Europe. Leading international HR service providers and more than 3000 direct customers process their HR business using P&I solutions. P&I is stock exchange listed in the Prime Standard segment of the Frankfurt Stock Exchange in the business year 2008/2009 it achieved a turnover of 59 million with an EBIT of 13 million.

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