Permira sold a 12.5% stake in TeamViewer for c. $1.1bn.

Institutional Investors agreed to acquire a 12.5% stake in TeamViewer, a German software company, from Permira for $1.1bn. The placement price was $44 per share, applicable to 25m shares. Permira remains TeamViewer’s largest shareholder, holding about 39% of TeamViewers share capital after the placement. In connection with the placement, Permira agrees to a lock-up period of 90 days.