ADIA and CapitalG completed the acquisition of a minority stake in TeamSystem from Hg Capital.

Private equity firms Abu Dhabi Investment Authority and CapitalG, completed the acquisition of a minority stake in TeamSystem, a software developer, from Hg Capital, a private equity firm. Financial terms were not disclosed. “We firmly believe that TeamSystem is well positioned to continue to grow in both existing and new markets. This investment aligns with our approach of supporting market-leading software businesses that offer mission-critical solutions to their customer bases," Hamad Shahwan Aldhaheri, ADIA Executive Director of the Private Equities Department.