May 14, 2020

Permira sells Teamviewer shares for $1.1B

Nicolas Cole

Recently, Permira sold TeamViewer shares to institutional investors for a price of €41 per piece, totalling proceeds worth €1.03b ($1.1 billion).

TeamViewer’s product offers a popular piece of software used for Internet-based remote access and support. With many people now working from home, TeamViewer has increased in popularity, announcing a 75% jump in first quarter billing last week.

Since the software firm began trading back in 2019, their shares have gained more than 70%.

Source: Reuters

Nicolas Cole

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