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.