Private equity investor Permira is selling 12 million shares in German software company TeamViewer through an accelerated bookbuilt offering, the bookrunner on the deal said on Tuesday.
Permira floated TeamViewer in September 2019 and has since sold down its stake gradually. At Tuesday’s closing price of 46.50 euros, the stake would be worth 558 million euros ($676 million) although such placements are usually done at a modest discount.
Source: Reuters
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.