The $71.4bn global private equity firm
The Carlyle Group has been the major shareholder of Personal & Informatik since June 2004. The Carlyle Group’s indirectly held shares were sold with immediate effect on August 23, 2007 to 35 institutional investors in Europe and United States in a book-building process managed by
It is planned that the two Carlyle representatives on the P&I supervisory board, Wolfgang Hanrieder and Michael Wand, stepped down at the most recent AGM.
Michael Wand , managing director of The Carlyle Group, said: “P&I has achieved strong growth during our three year holding period: 185% increase in EBIT, 36% increase in revenues, 50% increase in license revenues and an 18% increase in headcount. These efforts also resulted in a three-fold increase in share value to all public shareholders. With this evolution P&I has fulfilled all targets of our initial investment thesis and is well positioned for future growth. More recently the company gained additional momentum through strategic partnerships including ADP and LogicaCMG. P&I now benefits from greater liquidity and a strong institutional shareholder base.”
In the year ending March 31, 2007, P&I achieved earnings before interest and taxes (EBIT) of €12.3 million (previous year: €9.8 million), boosting the EBIT margin from 19.6% in the previous year to the present 22.5%. Total sales rose by 9.1% to €54.5 million. A dividend of €1.00 per share was recommended for FY06/07 following an extraordinary pay-out of €3.00 per share in the previous year. P&I continued its strong performance in the first quarter of FY07/08, posting a 35% increase in sales and an EBIT of €4.3 million (previous year: €2.0 million), which corresponds to an EBIT margin of 27.6%.