Freshfields advises Permira on exit from P&I

Global law firm Freshfields has advised global private equity firm Permira on the sale of its remaining minority interest in a leading DACH provider of cloud-based HR software solutions Personal & Informatik AG (P&I) to co-shareholder Hg. The transaction marks Permira’s full exit from P&I. The deal values the business at around €5.5bn.