GFI agrees to sell TeamViewer, a leading global provider of secure remote support software and online meetings, to Permira, one of Europe’s largest private equity funds.
On May 6, it was announced that Willkie client GFI Software agreed to sell TeamViewer, a leading global provider of secure remote support software and online meetings, to Permira, one of Europe’s largest private equity funds. The investment is expected to support the company’s growth plans, including further penetration of its core customer base in Western Europe and North America and continued expansion in emerging markets such as Latin America and the Asia Pacific region.
TeamViewer is the world's most downloaded remote support solution for consumers and small and medium-size businesses. Headquartered in Germany, TeamViewer’s remote support product has been installed on more than 500 million devices and is being used by 130 million active users across more than 100 countries. GFI Software, whose largest shareholder is Insight Venture Partners, develops IT solutions for small to mid-sized businesses with generally up to 1,000 users. GFI is a channel-focused company with thousands of partners throughout the world. Permira, a European private equity firm with global reach, advises funds with a total committed capital of approximately €25 billion.
The deal was handled by partners Gordon Caplan, Morgan Elwyn, Christopher Peters, Michael Katz, William Dye and Eugene Chang in New York and partners Patrick Meiisel and Dr. Stefan Jörgens in Frankfurt. Associates included Ted Powers, James Markel, Amir Ghavi, Meghan Hungate, Meredith Levy, Rose Ohanesian and Jessica Valentino in New York and Dr. Axel Wahl, Johannes Eckhardt, Jan-Claudio Munoz-Gonzalez and Christina Mann in Frankfurt.