Hellman & Friedman is extending its decade-long ownership of TeamSystem, making a new investment in the Italian software group alongside a fresh group of minority backers led by Francisco Partners. The deal reshapes the capital structure around a business that has grown sharply under private equity ownership. Since H&F first invested in 2016, Team System has expanded from about 200,000 customers to more than three million, and its revenue has more than quadrupled to over €1.1bn.
In 2025, it reported revenue of €1.15bn, up 12% organically. Francisco Partners and KKR join as minority backers, reinforcing TeamSystem's position as a compounding growth story in the Italian software market. H&F will remain the majority owner. Blake Kleinman, Partner at Hellman & Friedman, stated the firm is delighted to reinvest in Team System for its next growth phase.
Source: PE Insights · Summarized by HeadlinesBriefing