HELLMAN & FRIEDMAN takes majority stake in TEAMSYSTEM

Private equity firm Hellman & Friedman (H&F) has entered into an agreement to acquire a controlling equity interest in Italian software provider TeamSystem from an exiting investor group comprising HgCapital, Bain Capital, and ICG. Under the newly restructured corporate framework, the incumbent management team will continue to invest in the business, while historical sponsor HgCapital will roll over a portion of its proceeds to retain a minority stake. The transaction, which facilitates Bain Capital's full exit following an eleven-year investment lifecycle, was executed with Mediobanca advising H&F and Rothschild acting as financial advisor to HgCapital. For Hellman & Friedman, the buyout leverages its deep sector expertise to back CEO Federico Leproux and his management team in driving the next phase of corporate growth. The joint commercial roadmap focuses on reinforcing TeamSystem's leadership position within the Italian market by accelerating the rollout of its cloud-enabled software suite to a highly diversified base of over 200,000 professional and SME clients. For HgCapital, rolling over a minority position provides partial liquidity on a successful investment while maintaining strategic exposure to the platform's robust future growth opportunities.

Previously, the company had already undergone several LBOs, notably led by Bain Capital in 2004 and Hg Capital in 2010. This succession of buyouts, combined with an active build-up strategy, highlights the strong attractiveness of the company's business model.