Personal & Informatik Completes €1.205 Billion Refinancing

Paul, Weiss represented Hg Capital and its portfolio company Personal & Informatik AG (P&I), a leading provider of modern, cloud-based HR solutions based in Germany, on its €1.205 billion refinancing of its existing term loan facilities. The refinancing was implemented in connection with Hg’s further investment in, and recapitalization of, P&I, which valued the company at €5.5 billion.

The Paul, Weiss team was led by corporate partners Kanesh Balasubramaniam and Neel Sachdev and included tax partner Timothy Lowe and counsel Jamie Chambers.