HgCapital has acquired P&I Personal & Informatik AG (XTRA: PUI) for an undisclosed amount.
P&I, headquartered in Wiesbaden, Germany, develops software for human resources management.
Hg will pick up 91 percent of the company through the deal. The buyer, a London private equity firm, is also invested in Nair & Co., E-conomic and IntelliFlo.
P&I is being sold by a fund of Washington, D.C.-based Carlyle Group (Nasdaq: CG), Carlyle Europe Technology Partners II LP.
K&L Gates is providing legal advice to Carlyle on the deal.