TeamSystem, the Italian business software provider, is exploring a potential stake sale that could value the company at up to €8 billion. Its current private equity owners, Hellman & Friedman and Hg, are assessing options, with Hg, a specialist software investor, having been involved with TeamSystem since 2010. This move follows a period of significant growth for TeamSystem, which has expanded its offerings in SaaS, AI, and cloud technologies, achieving a 2025 revenue of €1.15 billion, a 12% organic increase from the previous year, and serving over 3.1 million customers globally.
The potential transaction would allow HgCapital Trust (HGT), an investment trust managed by Hg, to realize further returns on its investment. HGT's investment in TeamSystem has already seen substantial uplifts, including a 10% increase to £24.3 million in a previous March valuation. Earlier, in October, a minority stake sale to Abu Dhabi Investment Authority and CapitalG resulted in a 68% uplift, adding 2.9p to HGT's net asset value per share. The company has consistently delivered strong performance, with HGT shares surging 34% over the last 12 months, placing it among the top performers in its sector.
TeamSystem's strategic focus on digital transformation for SMEs and professionals, particularly in Italy and Europe, has driven its success. The company has completed a €250 million investment plan in AI a year ahead of schedule and plans to accelerate further investments until 2030. CEO Tommaso Cohen highlighted that AI is being integrated into daily solutions for businesses, with a 25% increase in AI adoption by customers and a 42% growth in AI-related revenue in Q1 2026. This technological leadership and market expansion are key drivers behind the high valuation.
While the original article from the FT could not be accessed directly, information regarding TeamSystem's ownership, valuation, and performance was compiled from publicly available financial news and company reports.
