A Gleiss Lutz team has advised US private equity firm Greenoaks Capital Partners as lead investor in the second closing of the Series E round financing of software company Personio. This was a further increase of USD 200 million to the initial financing raised in October 2021. The new financing brings the total capital raised through Series E to $470 million.
Founded in 2012 in San Francisco, Greenoaks is a leading global tech investor based in San Francisco. In its investments, the firm focuses on long-term investments in technology companies around the world.
Personio, a software company, provides an HR operating system for small and medium-sized businesses with 10 to 2,000 employees. Its all-in-one HR software, which includes personnel management, recruiting and payroll, is now used by more than 6,000 clients across Europe.
The following Gleiss Lutz team acted for Greenoaks in the transaction: Dr. Jan Balssen (Partner, M&A/Private Equity, Munich), Dr. Kai Birke (Partner, Finance, both lead), Dr. Stefan Mayer (Partner, Tax, both Frankfurt), Dr. Olaf Hohlefelder, Dr. Stephanie Dausinger, Maximilian Imre (all M&A/Private Equity, Munich).
A team from Gunderson Detmer advised on US law.
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