Hg Sells Remaining Investment in TeamSystem

8th July 2024

Hg has announced the sale of its remaining investment in TeamSystem, to funds advised by Hellman & Friedman LLC. TeamSystem is a provider of business software solutions to businesses and accountants in Italy, Spain and Turkey.

Hg first invested in TeamSystem in 2010 as majority shareholder, before H&F acquired majority control in 2016.

This transaction values HgT’s investment in TeamSystem at approximately £24.3 million. This would represent an uplift of £2.2 million (10% or 0.5 pence per share) over the carrying value of £22.1 million in the Net Asset Value (“NAV”) of HGT at 31 March 2024.

Request 1/1 with HG Management