Gleiss Lutz advises tech investor Greenoaks on Series E of Personio
Munich/ San Francisco — A Gleiss Lutz team has advised US private equity firm Greenoaks Capital Partners as lead investor in the second closing of its Series E round financing of software company Personio. This was a further $200 million increase on the initial financing raised in October 2021. The new financing brings the capital raised through the 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 company focuses on long-term investments in technology-based companies around the world.
The software company Personio offers a people operating system for small and medium-sized companies 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 customers throughout Europe.
Advisor Greenoaks: Gleiss Lutz
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.