Teamsystem, the Italian leading group that produces and distributes management software for businesses and professionals, mulls ipo but private equity funds are proposing to buy the company.
Some informal offers have actually come in the last few weeks from private equity firms to Teamsystem’s shareholder Hg Capital Partners, Il Sole 24 Ore wrote, with Hellman & Friedman among them.
Led by ceo Federico Leproux, Teamsystem expects about 260 million euros in revenues this year from 240 millions in 2014 and counts 1,800 employees. In May 2014 Mr. Leproux said at a conference that the company should have been ready to list at the Milan Stock Exchange in a couple of years ( see here a previous post by BeBeez) but he also added that “an ipo might happen earlier if market conditions are favourable”.
Last September Teamsystem bought a 51% stake in Fatture in Cloud, an innovative startup providing electronic accountance services to micro-businesses and professionals with more than 40k users in just one year lifetime (see here a previous post by BeBeez).
