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…
P&I
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)
The metrics
2016
Acquisition year
15k
Customers
€835m
Transaction value