P&I | Permira

P&I

P&I is a leading DACH-focused provider of integrated software solutions for Payroll, Core HR and Human Capital Management. See how we are backing its growth organically and through acquisition…

Germany

Current

Why we backed them

  • To support an experienced management team who have delivered more than 10 years consecutive profitable growth
  • To back a strong business with high maintenance renewal rates and low churn amongst its client base
  • To help capitalise on the expected growth in market demand; currently growing at 8-9% p.a. in Germany
  • To benefit from its strong position in HR market which has high barrier to entry due to its regulatory framework and country-specific requirements

The investment strategy

  • To further cross- and upsell into the existing client base
  • To strengthen the sales force in order to fully capture the market potential
  • To consolidate the fragmented market of smaller competitors
  • To expand into new customer segments including the >20,000 SMEs in DACH (150-250 employees)

www.pi-ag.com

The metrics

2016

Acquisition year

15k

Customers

€835m

Transaction value