The financial investor Permira continues to cash in on the software provider TeamViewer.
The placement of 13 million shares will reduce the share from almost 21 percent to around 14 percent, the Bloomberg news agency reported, citing a press release. The papers are being offered for 13.90 euros each, around seven percent below the XETRA closing price on Monday. If the shares were sold for that price, the financial investor would earn another around 180 million euros.
Permira had already raised 5.4 billion euros through the IPO and sale of shares in the following years. The renewed placement would increase the financial investor’s total proceeds to around 5.6 billion euros. In addition, there is the remaining 14 percent package, which, measured at the close of trading on Monday, is worth another 400 million euros. Permira only bought TeamViewer in 2014 for around 870 million euros and then took it public in autumn 2019.
Permira alone raised 2.2 billion euros in the largest German tech IPO since the dot-com bubble burst at the turn of the millennium.
/e.g
FRANKFURT (dpa-AFX)
Selected leverage products on TeamViewer
With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the lever you want and we will show you suitable open-end products on TeamViewer
The leverage must be between 2 and 20
Advertising