GP Buys Brazilian HR Units, Plans Merger

GP Investments has agreed to buy stakes in four human resources companies in Brazil for BRL100m . The deal will combine Soma Gestao de Servicos e Desenvolvimento de Recursos Humanos, Soma Staffing Trabalho Temporario, Top Service Servicos e Sistemas and People Domus Assessoria em Recursos Humanos into a single operation to be 77.5% owned by GP. The balance will be held by the Grupo Soma’s original shareholders. The transaction is being funded through the GP Capital Partners IV fund.