Munich – Headway Capital Partners and other shareholders have sold a majority interest in office people Personalmanagement GmbH, Münster, to H.I.G. Capital, LLC (H.I.G.). H.I.G. is a global private equity firm with more than USD 55 billion under management.
While Headway Capital is selling its entire shareholding, Mr Olaf Hansen is retaining a stake in the personnel service provider through a partnership with H.I.G., together with the office people management team.
Established in 2005 by Olaf Hansen, office people Personalmanagement GmbH now has more than 9,000 external workers on its books, making it a leading firm in the German personnel management and temporary employment sector. The current management team will continue to run the company. The transaction is currently awaiting regulatory approval. The parties agreed not to disclose details.
A team headed by lead partner Dr Martin Kuhn advised the vendors on all legal aspects of selling the shares.
CMS Germany
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Christian Linseisen, Senior Associate
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Kira Falter, Partner
Lennard Martin Lürwer, Counsel
Dr Jonas Singraven, Senior Associate
Julia Prokop, Associate, all Employment
Dr Björn Herbers, Partner, Antitrust, Competition & Trade
Dr Marc Seibold, Partner
Dr Andreas Grunert, Principal Counsel, both Banking, Finance & Insurance
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Florian Block, Partner
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