Carlyle Group Finalizes Sale of 1E for $720 Million
Deal News | Dec 11, 2024 | White & Case
White & Case LLP successfully advised The Carlyle Group on the sale of 1E to TeamViewer for an enterprise value of $720 million. 1E, a London-based workplace-software provider, offers a platform that improves digital employee experience through diagnostics and automation. The Carlyle Group initially acquired 1E from its founder, Sumir Karayi, and the management team in 2021. TeamViewer, known for its remote connectivity solutions, has expanded its reach with this acquisition. The legal advisory team was led by Ken Barry and Mike Weir, along with several partners and associates of White & Case.
Sectors
- Technology
- Private Equity
- Legal Services
Geography
- United Kingdom – 1E is headquartered in London, and the legal advisory team from White & Case involved in the transaction is based there.
- Global – TeamViewer, the acquiring company, has a global presence and provides connectivity solutions worldwide.
Industry
- Technology – The article involves companies providing software and digital services like workplace-software and connectivity platforms.
- Private Equity – The Carlyle Group, a private equity firm, is central to the transaction as the seller of 1E.
- Legal Services – White & Case LLP, a law firm, provides essential legal advice for the transaction discussed in the article.
Financials
- 720,000,000 – Enterprise value of the sale of 1E from The Carlyle Group to TeamViewer.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| The Carlyle Group | Selling Company | Company | A global investment firm which sold 1E to TeamViewer. |
| 1E | Target Company | Company | A workplace-software company offering a digital employee experience platform. |
| TeamViewer | Bidding Company | Company | A global technology company acquiring 1E to enhance its connectivity and monitoring solutions. |
| White & Case LLP | Legal Advisor | Company | Global law firm advising The Carlyle Group during the sale of 1E. |
| Sumir Karayi | Founder | Person | Founder of 1E, initially sold the company to The Carlyle Group. |