HgCapital Trust plc has announced a further investment in Personal & Informatik AG  after acquiring a stake from Permira. HgT will invest a further £53 million in P&I with other institutional clients of Hg investing alongside HgT. Personal & Informatik AG (‘P & I’) is a leading provider of modern, cloud-based HR solutions based in Germany.

Justin Von Simson, Managing Partner at Hg, said:

“We want to be a long-term partner to the companies we work with and continue to back the winners over many years or decades. P&I is a leader in HR software with an outstanding product and a great track record of consistent growth, high recurring revenue and exceptional retention rates, that aligns perfectly with our investment approach. Our partnership with Vasilios, and Permira since 2016, leaves the company perfectly positioned to benefit from the continued transition to the cloud among its customers in the German Mittelstand and public sector and this new investment reflects our confidence in P&I’s growth trajectory.”