Inside the Deal
A Finance Monthly “Inside the Deal” feature
Sector: Enterprise Software / SaaS
Transaction Type: Majority acquisition via public tender offer
Deal Status: Completed
Completion Date: January 2026
Inside the Deal is Finance Monthly’s transaction feature combining independent deal coverage with in-depth advisor insight into how complex deals are structured and executed.
Deal Overview
Permira has acquired a majority stake in TeamViewer, the Germany-headquartered enterprise software provider best known for its remote connectivity, IT support, and industrial augmented-reality platforms.
Founded in Göppingen, Germany, TeamViewer serves more than 600,000 customers globally, with a strong footprint across enterprise IT, industrial digitalisation, and secure remote access solutions. The company has increasingly positioned itself beyond its legacy consumer brand, focusing on large enterprise clients, subscription-based revenues, and embedded industrial use cases.
Under the transaction, Permira acquired its stake through a public tender offer, taking majority ownership while maintaining TeamViewer’s Frankfurt Stock Exchange listing. The structure allows the company to retain public-market discipline while benefiting from long-term private equity sponsorship to accelerate operational execution and product investment.
Permira brings extensive experience scaling global software platforms, having previously invested in companies across cloud infrastructure, cybersecurity, and enterprise SaaS. The firm will work closely with TeamViewer’s management team to support product expansion, margin optimisation, and disciplined capital allocation.
Transaction Context
The acquisition followed a period of operational transition for TeamViewer, as the company recalibrated its go-to-market strategy after high-profile sports sponsorship investments and refocused on enterprise-led growth. Permira’s approach centred on restoring predictable earnings visibility while preserving innovation capacity across industrial and augmented-reality solutions.
The transaction required coordination across Germany, the United Kingdom, and the United States, with regulatory approvals and public-market disclosure obligations running in parallel. Deal execution balanced speed with shareholder engagement, ensuring minimum acceptance thresholds were achieved without triggering a full delisting.
Strategic Rationale
For Permira, the investment reflects confidence in TeamViewer’s long-term relevance as remote access, secure connectivity, and industrial digitalisation become permanent features of enterprise infrastructure. The firm sees significant upside in expanding TeamViewer’s enterprise penetration, deepening customer retention, and monetising industrial use cases at scale.
For TeamViewer, the deal provides strategic stability and access to operational expertise at a critical inflection point. With a simplified capital structure and a supportive anchor shareholder, management is positioned to prioritise execution, reduce volatility, and rebuild investor confidence around recurring revenue growth.
Advisors
Permira was advised by Freshfields Bruckhaus Deringer as legal counsel and Goldman Sachs as financial advisor.
TeamViewer was advised by Latham & Watkins as legal counsel, with J.P. Morgan acting as financial advisor.
