HIG takes majority stake in Office People

• Office People specialises in personnel leasing, personnel placement, and master vendor management 
• The management of Office People, led by CEO Mahmut Akköse, will remain in place
• Office People is present at over 100 locations

HIG Capital has acquired a majority stake in Office People, a German personnel management and temporary staffing company. No financial details of the transaction were disclosed.

Headquartered in Münster, Office People specialises in personnel leasing, personnel placement and master vendor management. The company offers additional services such as on-site management and EU recruiting. Office People, founded in 2005, focuses on sectors with structurally high workforce demand including aviation, e-commerce, logistics and automotive, according to a statement.

The company employs over 9000 external staff across over 100 locations.

“The temporary labour market offers compelling opportunities based on secular growth trends,” said Holger Kleingarn, managing director of HIG. “We are excited to build upon these trends together with Office People’s highly experienced founder and management team, leveraging organic growth, add-on acquisitions and a selective internationalisation strategy.”

The management of Office People, led by CEO Mahmut Akköse, will remain in place.

HIG, headquartered in Miami, is a global private equity and alternative assets investment firm with $55 billion of equity capital under management.