Rivean Capital acquires HR manager Perbility Holding

Frankfurt/ Bamberg — Rivean Capi­tal, a leading Euro­pean private equity firm, has acqui­red a majo­rity stake in Perbi­lity Holding GmbH, a leading provi­der of cloud-based human capi­tal manage­ment (HCM) soft­ware in Germany. The tran­sac­tion marks another signi­fi­cant plat­form invest­ment by Rivean Capi­tal in the tech­no­logy and soft­ware sector. Toge­ther with Perbility’s manage­ment team, Rivean Capi­tal will acquire the shares from the previous majo­rity share­hol­der Main Capi­tal Partners. 

Perbi­lity offers a compre­hen­sive range of HCM solu­ti­ons that cover the entire employee life­cy­cle from talent acqui­si­tion to talent manage­ment and orga­niza­tio­nal plan­ning. The company will achieve a turno­ver of EUR 29 million this year and also exceed the “Rule of 50”. Its more than 1,500 custo­mers include well-known compa­nies and orga­niza­ti­ons from the (semi-)public sector, inclu­ding nume­rous Volks­ban­ken and Raiff­ei­sen­ban­ken, savings banks, cities, public autho­ri­ties, foun­da­ti­ons and compa­nies from the B2B sector. Head­quar­te­red in Bamberg, Perbi­lity employs around 160 full-time staff in six offices in Germany and a near­sho­ring center in Turkey. 

“Toge­ther with Main Capi­tal Part­ners, Perbi­lity has demons­tra­ted an impres­sive growth trajec­tory, supported by stra­te­gic initia­ti­ves and a track record of M&A success. As the next stra­te­gic part­ner, Rivean Capi­tal will support Perbi­lity with exper­tise and further invest­ments to conti­nue its clear growth stra­tegy. Toge­ther we will streng­then Perbility’s market posi­tion in the German-spea­king region and expand its service offe­ring through further stra­te­gic add-on acqui­si­ti­ons,” says Matthias Wilcken, Senior Part­ner at Rivean Capital.

Andreas Meck, CEO of Perbi­lity, will remain in his role and signi­fi­cantly reinvest in the company. In addi­tion, the expan­ded manage­ment team will parti­ci­pate in the future deve­lo­p­ment of Perbility. 

“We are deligh­ted to have a strong and expe­ri­en­ced part­ner like Rivean Capi­tal at our side, who will support us with capi­tal and stra­te­gic exper­tise to achieve our growth targets. With this part­ner­ship, we are ideally posi­tio­ned to further expand our market posi­tion and acquire new custo­mers,” says Andreas Meck, CEO of Perbi­lity.

Growth and further expan­sion planned

The part­ner­ship with Rivean Capi­tal will enable Perbi­lity to further expand the HELIX plat­form and offer new modu­les and features to its exis­ting custo­mer base. Under Rivean Capital’s owner­ship, Perbi­lity plans to streng­then its orga­niza­tio­nal capa­bi­li­ties and further expand its sales team, which will enable the company to extend its reach in the (semi-)public and B2B markets and drive geogra­phic expan­sion in the DACH region — also through addi­tio­nal stra­te­gic add-on acquisitions. 

About Rivean Capital

Rivean Capi­tal is a leading Euro­pean private equity inves­tor specia­li­zing in mid-market tran­sac­tions in the German-spea­king region, the Bene­lux count­ries and Italy. The funds advi­sed by Rivean Capi­tal manage assets of over 5 billion euros. Since its foun­da­tion in 1982, Rivean Capi­tal has helped more than 250 compa­nies realize their growth ambi­ti­ons. The firm has an impres­sive track record of support­ing and scaling successful high-tech compa­nies with cross-border growth plans, inclu­ding expan­ding their market presence and opti­mi­zing opera­tio­nal excel­lence. Rivean Capi­tal is head­quar­te­red in Amster­dam and opera­tes addi­tio­nal offices in Brussels, Frank­furt am Main, Milan and Zug, provi­ding a strong local presence in key Euro­pean markets. 

About Main Capi­tal Partners

Main Capi­tal Part­ners is a leading soft­ware inves­tor in the Bene­lux, DACH, Nordics and the United States with appro­xi­m­ately €6 billion in assets under manage­ment. Main has more than 20 years of expe­ri­ence in streng­thening soft­ware compa­nies and works closely with the manage­ment teams in its port­fo­lio as a stra­te­gic part­ner to achieve profi­ta­ble growth and larger outstan­ding soft­ware groups. Main employs 75 people in its offices in The Hague, Düssel­dorf, Stock­holm, Antwerp and a branch in Boston.