Riverside-backed GermanPersonnel acquires Evint

Riverside acquired GermanPersonnel in May 2018, deploying equity via Riverside Europe Fund V, which held a final close in September 2017 on €240m. The fund targets businesses with EBITDA of €5-15m and aimed to make 15-20 acquisitions in Europe. It has made nine platform investments, according to Unquote Data.

Evint is the second add-on for GermanPersonnel, which Riverside intends to continue to develop as an end-to-end HR platform. It acquired market peer Compana in 2019.

Company
Evint was founded in 2010 and is based in Fulda. The company provides software to assist corporates with cloud-based workforce management, focusing on time management, personnel, and job applicant administration, billing and compliance management. It employed 18 people in 2018, according to its financial statements for that year.

People
Riverside Europe – Michael Weber (partner); Matthias Fink (principal); Florian Halama (senior associate); Bernd Starrock (senior finance executive); Julian Heerdegen (operating partner).
GermanPersonnel – Marco Kainhuber (CEO).

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• Topics
• Expansion
• DACH
• Technology
• Build-up
• Acquisition finance
• Germany
• Riverside