Freshfields, Ropes & Gray and Goodwin advised on the new minority investments by KKR and Francisco Partners in TeamSystem.
TeamSystem, a leading European technology and AI company, is undertaking a transaction involving new minority investments by Francisco Partners and KKR, an increased stake for Silver Lake, and the continued shareholdings of existing investors ADIA (through its subsidiary Luxinva) and CapitalG.
Hellman & Friedman will remain the majority shareholder. TeamSystem provides cloud software and AI tools for finance, accounting, HR, and payments workflows to small and medium-sized businesses and their professional advisors. The new investment is intended to support TeamSystem’s next phase of growth, including expanding its AI-native product suite, growing its international presence and migrating its customers to cloud-native platforms. Completion of the transaction is subject to customary conditions and regulatory approvals and is expected to occur in H1 2027.
Freshfields is advising Hellman & Friedman (H&F) on the extension of its decade-long partnership with TeamSystem.
The Freshfields team was led by Private Capital Partner Tim Wilmot and Senior Associate Ted Haxby. Specialist advice was provided by Partner Cyrus Pocha (financial services regulatory), Partner Ermelinda Spinelli (antitrust and foreign direct investment) and Partner Jill Gatehouse (tax).
Ropes & Gray is advising KKR on its investment in TeamSystem as a new minority shareholder.
The private equity team was led by London Partners Aldo Piccarreta and John Newton and Milan Partner Fabrizio Scaparro, with support from Counsel Paola Pagani and Associates Filippo Noci, Michael Asprou and Imaan Ahmad.
US Partners James Dowden and Brendan Hanifin and Counsel Kurt Fowler are advising on compliance due diligence.
Goodwin advised Francisco Partners on its investment in TeamSystem alongside Hellman & Friedman, Silver Lake, ADIA, KKR, and CapitalG.
The Goodwin team was led by Anu Balasubramanian and included Jamie Holdoway, Chetan Sheth, Frederick Howell, Ray Aryal, Eram Khan, Dulcie Daly, and Andrew Henderson.
