M&A Deal Summary

H.I.G. Private Equity Acquires Office People

On April 12, 2023, private equity firm H.I.G. Private Equity acquired staffing company Office People

Acquisition Highlights
  • This is H.I.G. Private Equity’s 7th transaction in the Staffing sector.
  • This is H.I.G. Private Equity’s 15th transaction in Germany.

M&A Deal Summary

Date 2023-04-12
Target Office People
Sector Staffing
Buyer(s) H.I.G. Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Office People

Munster, Germany
Office People is a personnel management and temporary staffing company that specializes in personnel leasing, personnel placement, and master vendor management and offers additional solutions such as on-site management and EU recruiting. Office People was founded in 2005 and is based in Munster, Germany.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.


DEAL STATS #
Overall 337 of 383
Sector: Staffing M&A 7 of 7
Type: Buyout (LBO, MBO, MBI) M&A Deals 102 of 117
Country: Germany M&A 15 of 18
Year: 2023 M&A 6 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-12 Tower Engineering Professionals

Raleigh, North Carolina, United States

Tower Engineering Professionals is an operator of engineering services firm focused on serving the telecommunications industry. Tower Engineering Professionals' services include structural analysis, civil engineering, surveying; environmental, inspection, geotechnical, renewable energy, residential, commercial, plumbing, mechanical, and electrical, and structural modification and design. Tower Engineering Professionals was founded in 1997 and is based in Raleigh, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-04 Progrexion

Salt Lake City, Utah, United States

Progrexion is a marketing and information services business serving the consumer credit information sector. The Company's unique turnkey solution combines lead generation through online and offline direct marketing, teleservice activities that support lead conversion, and proprietary analytical tools that manage customer information and relationships. Progrexion was founded in 2000 and is based in Salt Lake City, Utah.

Sell -