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- A leading global connectivity platform connecting anyone, anything, anytime, anywhere – active on more than 340 million devices annually with more than 2 billion installations since 2005
- Offering of existing shares expected to be completed by end of 2019, subject to market conditions
- Intended listing on the regulated market (Prime Standard) of the Frankfurt Stock Exchange
Göppingen, August 28th, 2019 – TeamViewer (currently registered as Regit Beteiligungs-GmbH), a leading global connectivity platform, together with its owner TigerLuxOne S.à r.l., a holding company majority owned by funds advised by global private equity firm Permira, intends to list its shares on the regulated market of the Frankfurt Stock Exchange (Prime Standard). The initial public offering (“IPO”) and listing of TeamViewer’s shares (after conversion into a stock corporation (AG) with the legal name “TeamViewer AG”) is expected to be completed by the end of 2019, subject to market conditions, and is anticipated to consist of existing shares held by TigerLuxOne S.à r.l. only. The offering would comprise a public offer to individual and institutional investors in Germany and to institutional investors in certain other jurisdictions. The targeted free float is expected to create a liquid market for the company’s shares.
TeamViewer is a leading global connectivity platform with the mission to connect anyone, anything, anywhere and at anytime. Headquartered in Göppingen, Germany, the company has around 800 employees and operates globally with paying customers in approximately 180 countries and sales and R&D offices amongst others in the USA, Australia, Japan, India, China, Armenia and Singapore.
Supported by user innovation, TeamViewer aims to connect any computer, tablet, laptop, mobile device or IoT endpoint to allow remote control, management and interaction between devices. TeamViewer’s connectivity platform enables customers and users to unlock significant economic value as it allows them to develop new business models, increase process efficiency, reduce or replace on-site presence and manual intervention, improve product and service quality and promote connectivity and collaboration. These multiple benefits are mirrored in over 100 different use cases TeamViewer software is deployed for today with an average of 4.5 use cases per user, according to a recent analysis. TeamViewer’s solutions run on all major operating systems and all major devices – this leading interoperability addresses the heterogeneity of modern IT landscapes and thereby helps companies to overcome technological path-dependency.
Built on its strong global network of approximately 1,000 routers, TeamViewer is cloud-native, secure and highly scalable. To date, TeamViewer’s software has been activated on more than two billion devices, with more than 340 million of them active in 2018 and up to 45 million devices online concurrently.
As a leading global remote connectivity platform, TeamViewer empowers users to connect anyone, anything, anywhere, anytime. The company offers secure remote access, support, control and collaboration capabilities for online endpoints of any kind and supports businesses of all sizes to tap into their full digital potential. TeamViewer has been activated on more than 2 billion devices; up to 45 million devices are online concurrently. Founded in 2005 in Göppingen, Germany, the company employs around 800 people in offices across Europe, the US, and Asia Pacific. For more information, go to www.teamviewer.com and follow us on social media.
Permira is a global investment firm. Founded in 1985, the firm advises private equity funds with a total committed capital of over €42.5 billion and makes long-term investments, including majority control investments as well as strategic minority investments, in companies with the objective of transforming their performance and driving sustainable growth. The Permira Funds have made over 250 private equity investments in five key sectors: Consumer, Technology, Industrial Tech and Services, Healthcare and Financial Services. The Permira Funds have a long track record of successfully investing in Technology companies around the world and have deployed around €10 billion in the sector since 1997. Current portfolio companies in that sector include Informatica, TeamViewer, Klarna, P&I, Genesys, LegalZoom and Allegro, amongst others. Permira employs over 250 people in 14 offices across Europe, North America and Asia. For more information visit www.permira.com.
This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in the United States, Australia, Canada, Japan, South Africa or in any jurisdiction to whom or in which such offer or solicitation is unlawful.
These materials may not be published, distributed or transmitted in the United States, Canada, Australia or Japan. These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities (the “Securities”) of the Company in the United States, Australia, Canada or Japan or any other jurisdiction in which such offer or solicitation is unlawful. The Securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Securities of the Company have not been, and will not be, registered under the Securities Act. There will be no public offering of the securities in the United States. The securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan subject to certain exceptions.
In the United Kingdom, this document is only being distributed to and is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “Order”) or (ii) are persons falling within Article 49(2)(a) through (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as “Relevant Persons”). This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.
This publication constitutes neither an offer to sell nor a solicitation to buy securities of the Company. No public offering of securities is currently made in any jurisdiction. Any public offering of securities in any jurisdiction would only be made pursuant to an approved and publicly available securities prospectus.
Statements contained herein may constitute "forward-looking statements." Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "plan", "expect", "anticipate", "estimate," "believe", "intend", "project", "goal" or "target" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are based on current expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause the Company's or its industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. You should not place undue reliance on forward-looking statements and the Company does not undertake publicly to update or revise any forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise.