Personal & Informatik Secures €1.2 Billion Refinancing with Hg Capital's Support
Deal News | Jun 12, 2025 | Proskauer Rose (UK) LLP
Leading international law firm Proskauer Rose LLP has advised the arrangers, lenders, and agents in the refinancing process of Personal & Informatik (P&I) AG's existing debt, amounting to a €1.205 billion Term Loan B facility and a revolving credit facility. This refinancing was strategically implemented in alignment with Hg Capital's further investment and recapitalization efforts in P&I, a company valued at €5.5 billion. P&I is a prominent HR technology company, known for its contemporary cloud-based HR solutions, and is headquartered in Germany under the ownership of Hg Capital, a private equity firm. The legal advisory team from Proskauer was led by partners Philip Bowden and Megan Lawrence, with partner Courtland Tisdale and associates Andrew Surgey, Angus McWhirter, and Venandah Madanhi contributing to the effort.
Sectors
- Legal Services
- Private Equity
- Technology (HR Solutions)
Geography
- Germany – Personal & Informatik AG, the target company being refinanced, is headquartered in Germany.
- United Kingdom – Proskauer Rose LLP, the advising law firm, is mentioned with its UK presence, which makes UK relevant.
Industry
- Legal Services – The article discusses the role of Proskauer Rose LLP, a law firm, in advising on a major refinancing deal.
- Private Equity – Hg Capital, a private equity firm, is involved in further investing and recapitalizing Personal & Informatik AG.
- Technology (HR Solutions) – Personal & Informatik AG is a leading HR technology company providing cloud-based HR solutions.
Financials
- €1.205 billion – The amount of the Term Loan B facility in the refinancing of P&I AG.
- €5.5 billion – The valuation of Personal & Informatik AG during the recapitalization.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Proskauer Rose LLP | Legal Advisor | Company | A leading international law firm advising the refinancing process of P&I AG. |
| Personal & Informatik AG (P&I) | Target Company | Company | An HR technology company specializing in cloud-based solutions, being refinanced. |
| Hg Capital | Private Equity Firm | Company | A private equity firm further investing in and recapitalizing P&I AG. |
| Philip Bowden | Partner | Person | Lead partner from Proskauer involved in the refinancing deal. |
| Megan Lawrence | Partner | Person | Partner from Proskauer involved in the refinancing deal. |
| Courtland Tisdale | Partner | Person | Partner from Proskauer involved in the refinancing deal. |
| Andrew Surgey | Associate | Person | Associate from Proskauer involved in the refinancing deal. |
| Angus McWhirter | Associate | Person | Associate from Proskauer involved in the refinancing deal. |
| Venandah Madanhi | Associate | Person | Associate from Proskauer involved in the refinancing deal. |