Linklaters has advised P&I Personal & Informatik AG on a full takeover by means of a squeeze-out by the financial investor HgCapital. On 2 September 2014, the general meeting of P&I Personal & Informatik AG had already adopted the corresponding resolution to transfer the shares of the minority shareholders to Argon GmbH, which belongs to HgCapital, in return for payment of reasonable cash compensation in the amount of €70.90 per share. The transfer of the shares from the minority shareholders to Argon GmbH became effective on registration of the transfer resolution on 27 October 2014.

P&I Personal & Informatik AG offers software-development and IT services for the field of human resources. The enterprise, which was founded in 1968 and has its headquarters in Wiesbaden, operates at 13 sites throughout Europe and is one of the most prominent companies in Europe’s HR industry. Its customers include over 15,000 European end customers, large computer centres and international HR service providers.

A Linklaters team led by Dr Nikolaos Paschos and Dr Alexander Jüngst (both Corporate, Düsseldorf) advised on the transaction. The team also included Sebastian Goslar, Kristina Klaaßen and Dr Eva Kotthaus (all Corporate, Düsseldorf).