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New Deal


Announced

Completed

TeamSystem to acquire a 53% stake in Mikrogrup from Turkven-backed Dash Software.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For53%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Private

software development

Software

Turkey

Acquisition

Majority

Private Equity

Completed

Friendly

Single Bidder

Synopsis

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TeamSystem, a software solutions provider, agreed to acquire a 53% stake in Mikrogrup, an application software company, from Turkven-backed Dash Software, a software company. Financial terms were not disclosed. "We are delighted to join forces with TeamSystem, a company that shares our vision for supporting SMEs and their digital ecosystem with powerful software solutions. Together with the TeamSystem family, we will continue to focus on the unique needs of Turkish SMEs while leveraging TeamSystem’s global resources and technological capabilities. This transaction opens up new horizons for Mikrogrup, and we are committed to driving even greater value for our customers," Goktekin Dincerler, Mikrogrup Executive Chairman.

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