H.I.G. Capital is delighted to announce one of its portfolio companies has taken a majority stake in Office People GmbH, a German personnel management and temporary staffing provider. Holger Kleingarn, managing director of H.I.G., was excited to make this move to join forces in building on the industry’s secular growth trends.
Established in 2005 by Olaf Hansen, the company now employs over 9,000 staff across 100 locations and offers personnel leasing, placement, and master vendor management. Mahmut Akköse, CEO of Office People, expressed that the company is now ready to open a new chapter in its history with H.I.G.
The terms of the transaction were not disclosed, however, it is clear that Office People’s management team, lead by Akköse, will remain in place. It is an exciting time for both H.I.G. Capital and Office People, with the potential for organic growth, add-on acquisitions, and a selective internationalization strategy.