Market Chatter: KKR, Francisco Partners Buy Minority Stakes in H&F-Backed TeamSystem

MT Newswires Live
1 hour ago

KKR (KKR) and Francisco Partners have agreed to buy minority stakes in Italian software company TeamSystem from its main investor, Hellman & Friedman, Reuters reported Friday, citing three people familiar with the matter.

Hellman & Friedman agreed to sell around 10% of TeamSystem to Francisco Partners, while a further roughly 5% stake was sold to other investors, including KKR, the report said.

TeamSystem provides accounting, payroll, and business management software and is valued at between 8 billion euros and 10 billion euros ($9.27 billion to $11.59 billion), the report said.

KKR, Francisco Partners, and Hellman & Friedman did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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