THE HOUSE OF HR NV agreed to acquire Pluss Personal Service Gmbh from Bip Fund (Sca), Sicar managed by BIP Investment Partners S.A. (ENXTBR:) on February 14, 2023. Pluss had a turnover of ?157 million and an EBITDA of more than ?9 million in 2022. Christian Baumann and Wolfgang Ungerathen of pluss will stay on board as Managing Directors, along with the full management.

The acquisition is subject to the approval of the German competition authority and is expected to close in Q1 2023. Matthias Horn, Matthias Taggeselle, Heike Weber, Ioannes Thanos, Juliane Dieckmann-Keden and Laura Thiel of Allen & Overy LLP acted as the legal advisor to THE HOUSE OF HR NV. Alexander Bischoff of KPMG AG Wirtschaftsprüfungsgesellschaft, Advisory Arm acted as financial advisor to BIP Investment Partners.