TeamViewer Advances with $720 Million Acquisition of 1E
Deal News | Dec 11, 2024 | Paul Hastings
Paul Hastings LLP provided legal advisory services to TeamViewer, a company listed on the Frankfurt Stock Exchange, in its recent $720 million acquisition of 1E, a UK-based Digital Employee Experience (DEX) platform. The purchase was executed from Carlyle Europe Technology Partners, part of the global investment firm Carlyle. 1E enhances TeamViewer's portfolio by adding robust international DEX capabilities. The legal team from Paul Hastings that led the transaction included partners Nikolaos Paschos and Jamie Holdoway, supported by Of Counsels and associates with expertise in various fields. Paul Hastings is recognized globally for its expertise in complex domains such as mergers & acquisitions and private equity transactions.
Sectors
- Remote Connectivity Solutions
- Digital Workplace Solutions
- Private Equity
Geography
- Germany – TeamViewer is listed on the Frankfurt Stock Exchange, making Germany a key geography for this transaction.
- United Kingdom – 1E is a UK-based company, making the United Kingdom a central geography in the context of this acquisition.
Industry
- Remote Connectivity Solutions – TeamViewer is a global leader in remote connectivity, and the acquisition of 1E enhances its offerings in this industry.
- Digital Workplace Solutions – 1E is a platform providing Digital Employee Experience solutions, scaling TeamViewer's capabilities in enhancing digital workplace efficiency.
- Private Equity – Carlyle Europe Technology Partners is a part of Carlyle, a global investment firm, indicating the role of private equity in this transaction.
Financials
- $720 million – The enterprise value of the acquisition of 1E by TeamViewer.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TeamViewer | Buyer | Company | A global leader in remote connectivity and digital workplace solutions, listed on the Frankfurt Stock Exchange. |
| 1E | Target Company | Company | A UK-based international Digital Employee Experience (DEX) platform. |
| Carlyle Europe Technology Partners | Vendor | Company | Part of Carlyle, a global investment firm, which owned 1E prior to the acquisition. |
| Paul Hastings LLP | Legal Advisor | Company | A premier law firm providing legal advisory services globally, involved in the transaction aiding TeamViewer. |