H.I.G. Capital, a global alternative asset investment firm with $55 billion of equity capital under management, has purchased a majority stake in Office People GmbH, a company for personnel management and temporary staffing in Germany.
The company focuses on personal leasing, personnel placement and master vendor management and offers additional services such as on-site management and EU recruiting. Office People employs over 9,000 external staff across approximately 100 locations and focuses on sectors including aviation, e-commerce, logistics and mobility and automotive. The majority stake establishes a partnership with Office People founder Olaf Hansen and the management team.
“We are excited to build upon these trends together with Office People’s highly experienced founder and management team, leveraging organic growth, add-on acquisitions and a selective internationalization strategy,” comments Holger Kleingarn, managing director of H.I.G.