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Francisco Partners and KKR Buy TeamSystem Stakes

Francisco Partners and KKR have agreed to acquire minority stakes in Italian software provider TeamSystem. The transaction values the company between eight and ten billion euros. The deal provides liquidity to main investor Hellman and Friedman.

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Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid

Francisco Partners and KKR & CO INC have agreed to acquire minority stakes in TeamSystem from Hellman & Friedman, valuing the Italy-based software group at up to €10B ($11.59B).
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