1E Sells to TeamViewer for $720 Million

Deal News | Dec 10, 2024 | The Carlyle Group

Global investment firm Carlyle has agreed to sell 1E, a leader in Digital Employee Experience (DEX) software, to TeamViewer SE for an enterprise value of $720 million. 1E, established in 1997, specializes in providing a DEX platform that improves IT productivity and employee experiences by offering real-time visibility and solutions for enterprise IT environments. Carlyle's involvement with 1E led to advancements in leadership, market presence, and operational efficiency, establishing the company as a frontrunner in its field. The acquisition is expected to enhance TeamViewer's product offerings and market capabilities in endpoint management through collaborative technologies. This transaction is pending customary regulatory approvals and marks a strategic divestment by Carlyle Europe Technology Partners IV, complementing recent sales of Work & Co and Jagex. Carlyle maintains its global investment focus, with assets under management reaching $447 billion.

Sectors

Software
Private Equity
Technology

Geography

United Kingdom – 1E is headquartered in London, making the UK a significant geography for the company's operations and relevance in the article.
United States – As one of the countries where 1E operates, the US is an important market for its software solutions and broader global strategy explored in the article.
Germany – TeamViewer SE, the purchasing company, is based in Germany, highlighting its strategic geographic positioning in the acquisition.

Industry

Software – The article revolves around 1E, a company specializing in Digital Employee Experience (DEX) software solutions, highlighting its importance in software development and IT solutions.
Private Equity – Carlyle, a major player in private equity, is integral to the transaction as it sells 1E, demonstrating private equity's role in facilitating business growth and strategic exits.
Technology – The core focus of the article on the technological advancements and software products provided by 1E, as well as their integration with TeamViewer’s capabilities, situates the narrative firmly within the technology sector.

Financials

$720 million – The enterprise value at which 1E is being sold to TeamViewer.
$447 billion – The total assets under management by Carlyle as of September 30, 2024.

Participants

Name	Role	Type	Description
1E	Target Company	Company	1E is a leader in Digital Employee Experience (DEX) software solutions, targeted for acquisition by TeamViewer SE.
The Carlyle Group	Seller	Company	The Carlyle Group is a global investment firm facilitating the sale of 1E.
TeamViewer SE	Buyer	Company	TeamViewer SE is acquiring 1E to expand its capabilities in IT management and connectivity solutions.
Sumir Karayi	Founder of 1E	Person	Sumir Karayi is the founder of 1E, playing a vital role in its development as a DEX leader.
Mark Banfield	CEO of 1E	Person	Mark Banfield serves as the CEO of 1E, overseeing its operations and strategic transitions.
Fernando Chueca	Managing Director on the CETP Advisory Team	Person	Fernando Chueca is involved in the investment advisory, impacting key decisions made during Carlyle's ownership of 1E.