Bolstered by the increased need to work from home, shares of TeamViewer – a remote desktop software company – have recently jumped, leading Permira to take the opportunity to sell an 11% stake in the company. Permira’s sale of 22m shares at €32 each demonstrated a strong gain for the shares which had gone for €26.25 in September 2019.
Shares had risen approximately 25% since the end of February and TeamViewer has been one of the few listed companies to grow on stock markets during the downward slide of the past weeks.
As a result of the transaction, Permira reduces its stake in the company by 11 percentage points to 51.5 percent. It has set a 90-day lock-up period during which it will not sell any more shares
Source: Die Presse