Riverside backs GermanPersonnel

The GP drew equity for the transaction from Riverside Europe Fund V, which held an final close on $360m in September 2017. The fund invests for both minority and majority stakes.

Riverside will support GermanPersonnel's expansion by bringing in industry experts, investing in technology and growing the sales team.

Company
GermanPersonnel was founded in 2002 and is headquartered in Munich. The company develops enterprise software for programmatic recruitment. Its software automates recruitment processes while optimising reach, candidate quality and time-to-hire, according to its website. The company generated less than €2m in revenues in 2017 and employed 15 people, according to publicly available information.

People
The Riverside Company – Michael Weber (partner); Matthias Fink (principal); Florian Halama (associate); Ivica Turza (managing director).
GermanPersonnel – Marco Kainhuber (CEO).

Advisers
Equity – Lupp+Partner (legal); EY (financial due diligence); EY-Parthenon (commercial due diligence).

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