Francisco Partners, KKR take minority stakes in TeamSystem at up to €10bn valuation
Private equity firms Francisco Partners and KKR have agreed to acquire minority stakes in Italian business software provider TeamSystem from majority owner Hellman & Friedman (H&F), in a transaction that values the company at between €8bn and €10bn, according to a report by Reuters.
Private equity firms Francisco Partners and KKR have entered into an agreement to acquire minority stakes in Italian business software provider TeamSystem. The transaction, valued at between €8bn and €10bn, was reported by Reuters using unnamed sources familiar with the matter. Francisco Partners is expected to acquire around 10% of the company, while KKR will take approximately 5% stake.
This investment allows Hellman & Friedman, the majority owner, to realize a partial return on its initial $300m investment in TeamSystem back in 2016. H&F now owns 30% of the company, retaining significant exposure to the business and transferring the remaining stake to another fund managed by the firm. TeamSystem's products, including accounting, payroll, and business management software, are closely integrated with Italy's electronic invoicing infrastructure, providing potential protection against AI disruption.
Written by urgent.news from Private Equity Wire's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
