- One of the leading providers of comprehensive and cloud-native human capital management (HCM) software
- Strong positioning across German (semi-)regulated and B2B sectors
22 October 2024
Frankfurt/Bamberg – Rivean Capital, a leading European private equity investor, has signed an agreement to acquire a majority stake in Perbility Holding GmbH, one of the leading HCM software providers in Germany. The transaction marks another significant platform investment by Rivean Capital in the technology and software sector. Together with Perbility’s current management team, Rivean Capital will acquire the shares from the existing majority shareholder Main Capital Partners.
Perbility’s comprehensive HCM suite – the HELIX platform – covers the entire HCM value chain, including talent acquisition, core HR, organizational planning, talent management, employee experience and engagement, and administrative digitization. The company serves more than 1,500 customers, with notable customer references in the financial services sector, the (semi-)public and B2B sectors. Perbility is expected to reach EUR 29 million revenue in 2024, having developed itself into a “Rule of 50” company. Headquartered in Bamberg, the company employs approximately 160 full-time employees across six offices in Germany and a nearshoring center in Turkey.
“Under Main Capital Partners’ ownership, Perbility has shown an impressive growth trajectory, supported by strategic initiatives and a track record in M&A. As 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 further enhance its suite offering through additional strategic add-on acquisitions,” says Matthias Wilcken, Senior Partner at Rivean Capital.
Andreas Meck, founder and CEO of Perbility, will maintain his current position and make a substantial reinvestment in the company. The broader management team will also invest alongside him in the future development of the company.
“We are pleased to have Rivean Capital as a strong and experienced partner by our side, who will support us with capital and strategic expertise to achieve our growth ambitions. With this partnership, we are well-positioned to further expand our market position and attract new customers”, says Andreas Meck, founder and CEO of Perbility.
Next phase of growth and expansion
The new partnership with Rivean Capital will enable Perbility to accelerate its up- and cross-selling efforts across its existing customer base, while further expanding the HELIX platform with new modules. Under Rivean Capital’s ownership, Perbility plans to strengthen its organizational capabilities, and further strengthen its sales team, which will enable the company to expand its reach in the (semi-)public and B2B markets and pursue geographic expansion within the DACH region – also via additional strategic add-on acquisitions.
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About Rivean Capital
Rivean Capital is a leading European private equity investor for mid-market transactions, active in the DACH region, the Benelux countries, and Italy. Funds advised by Rivean Capital manage over EUR 5 billion in assets. Since its inception in 1982, Rivean has supported more than 250 companies in realizing their growth ambitions and has a strong track record of supporting and scaling successful high-tech businesses with cross-border growth agendas, including footprint expansions and operational excellence trajectories. Headquartered in Amsterdam, Netherlands, Rivean Capital also has offices in Brussels, Frankfurt/Main, Milan, and Zug, enabling a strong local presence across key European markets.
About Perbility
Perbility is a software provider of cloud-based HR software solutions, founded in 2009 and headquartered in Bamberg, Germany. The company specializes in delivering flexible and intuitive tools that help organizations digitize their HR workflows and enhance operational efficiency. Perbility’s comprehensive suite covers the HCM value chain, including talent acquisition, core HR, organizational planning, talent management, employee experience and engagement, and administrative digitization. With a diverse customer base of over 1,500 clients, primarily in the German mid-market, and a dedicated team of approximately 160 full-time employees, Perbility is committed to empowering organizations to optimize their HR processes and drive workforce success.
About Main Capital Partners
Main Capital Partners is a leading software investor in the Benelux, DACH, the Nordics, and the United States with approximately EUR 6 billion in assets under management. Main has over 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. As a leading software investor managing private equity funds active in Northwestern Europe and North America, Main has 75 employees operating out of its offices in The Hague, Düsseldorf, Stockholm, Antwerp, and an affiliated office in Boston.
Media contact Rivean Capital
Susanne Jahrreiss / Ralf Geissler
Jahrreiss Communications
Tel.: +49 89 30 90 52 950
E-mail: welcome@jahrreiss.com
