Permira gets strong reception for €1bn TeamViewer sale

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By Sam Kerr
14 May 2020

A €1bn block of shares in TeamViewer, the German remote access software company, sold by investment firm Permira, one of its IPO sellers, garnered strong demand from investors on Wednesday evening.

Bank of America, Goldman Sachs and Morgan Stanley were bookrunners on the trade for 25m shares.

The deal was covered during a wall-crossing process conducted before launch and was priced at €45 a share, a 9.1% discount to the last trade in the stock beforehand.

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