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US private equity firm invests in German company providing software to staffing firms

July 11, 2019

Private equity firm The Riverside Co. announced an investment in Compana, a Feucht, Germany-headquartered provider of recruiting software for staffing firms.

This deal follows a separate transaction last year when The Riverside Co. invested in GermanPersonnel, a Munich, Germany-based recruitment software firm. Its software-as-a-service offerings are focused on midsize and enterprise customers and aim to automate the e-recruitment process.

However, Compana and GermanPersonnel will remain independent and responsible for their own brands. Managing Directors Axel Trompeter of Compana and Marco Kainhuber of GermanPersonnel will continue to lead their respective companies and remain shareholders.

The Riverside Co. is a global private equity firm with a headquarters office in Cleveland.

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