H.I.G. Capital, a Miami-based private equity firm, announced one of its portfolio companies acquired a majority stake in Office People GmbH, a personnel management and temporary staffing provider based in Germany.

“The temporary labor market offers compelling opportunities based on secular growth trends,” said Holger Kleingarn, managing director of H.I.G. “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 internationalization strategy.”

Founded in 2005 by Olaf Hansen, Office People employs over 9,000 external staff across 100 locations and specializes in personnel leasing, placement and master vendor management. 

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

“After years of significant growth, we are ready to open a new chapter in our firm’s history together with H.I.G,” Akköse said.

Terms of the transaction were not announced.