Main Capital acquires Perbility

The transaction was a proprietary deal and the GP did not engage external advisers, a source close to the situation told Unquote. The GP, founder and company had been in touch for three to four years.

The GP also sees strong opportunities for buy-and-build in the sector, the source added. According to a statement, Main Capital intends to support Perbility's growth by expanding its customer base.

Main Capital has made a number of investments in the HR software sector. Its current portfolio companies in the space include Assessio and Textkernel. The GP sold recruitment software platform Connexys to US-based Bullhorn in 2017.

The GP is investing via Main Capital VI, which held a final close in May 2020 on €564m, surpassing its €550m target. The vehicle focuses on small and medium-sized software businesses and generally deploys equity tickets of €3-5m, with the option of investing up to €20m. Perbility is to be the fund's sixth platform investment, according to Unquote Data.

Company
Perbility is a cloud-based HR software platform. Its functions include personnel data management, organisational planning and talent management. The software also assists users with recruiting, workforce management and e-learning. Perbility has more than 1,300 customers, according to a statement.

Founded in 2009 and based in Bamberg, the company reports revenues of €7-8m and has experienced growth of 25% per year on average since 2016.

People
Main Capital – Sven van Berge Henegouwen (partner, head of Germany).
Perbility – Andreas Meck (founder, CEO).

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