Raymond James advised GermanPersonnel on its sale to The Riverside Company

By on Mai 22, 2018

This deal represents Raymond James‘ 15th transaction in the Human Capital Management (HCM) sector since 2017.

THE DEAL

  • The shareholders of GermanPersonnel (GP or the Company) have agreed to sell a majority stake to The Riverside Company (Riverside), a global private equity firm focused on making investments in growth companies
  • GP is a leading SaaS vendor for data-driven programmatic recruitment solutions focused on enterprise as well as medium-sized customers with high volume recruiting needs
  • The Company specializes in the automation of the entire e-recruitment process while optimizing the most important aspects in e-recruiting, i.e. reach, candidate quality, and time- as well as cost-to-hire, ultimately increasing its customers‘ recruitment-ROI
  • GP grows revenues organically at a historic rate of >50% p.a. and currently serves more than 600 customers
  • The shareholder and top management team will remain on board and significantly reinvest into the Company to continue the success story of GP together with Riverside

DEAL RATIONALE

  • Together with Riverside, GP now embarks on the next phase of their growth trajectory by further expanding its technological leadership position as well as entering into other geographical regions as well as customer segments
  • The future strategy is driven by organic initiatives (e.g. further investments into predictive analytics) as well as well-defined add-on acquisitions

DEAL BACKGROUND

  • Raymond James acted as exclusive M&A advisor to the shareholders of GP
  • This transaction was signed and closed on May 17th, 2018

RAYMOND JAMES TECH & SERVICES INVESTMENT BANKING

  • Raymond James is a leading global Technology & Services M&A advisor
  • In the last twelve months we have closed more than 70 Technology & Services transactions
  • More than 70 Technology & Services bankers across offices in North America and Europe
  • Deep sector expertise in Human Capital Management software and services with an experienced and dedicated team of >20 investment bankers located in Munich, London, Atlanta and Boston

About GermanPersonnel
GP is a leading SaaS vendor for data-driven programmatic recruitment solutions focused on enterprise as well as medium-sized customers with high volume recruiting needs. The Company is headquartered in Munich. GP’s solution portfolio encompasses three main products, i.e. PARTS (directed towards customers who have already an ATS), PERSY (directed towards customers, who not only need the Company’s programmatic recruitment solutions, but also its ATS) and POSTER (directed towards small customers). GP was founded in 2002. For more information, please visit: http://www.germanpersonnel.de

About The Riverside Company
The Riverside Company is a global private equity firm focused on making control and non-control investments on growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 520 transactions. The firm’s international portfolio includes more than 80 companies. Fore more information, please visit: http://www.riversidecompany.com

About Raymond James Investment Banking
Raymond James offers one of the most highly regarded equity offering and advisory practices. Since 2013, we have participated in raising nearly $300 billion in capital for our corporate clients. During this same time, we completed more than 540 advisory assignments including more than 460 M&A buy-side or sell-side advisory assignments. In 2016 Raymond James was named „Investment Banking Firm of the Year“ by The M&A Advisor and recently „Investment Bank of the Year“ by Global M&A Network. For more information, please visit http://www.raymondjames.com


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