- Sector: Cloud Managed Services; Infrastructure Software & Cybersecurity
- Deal Type: Private Equity Deals
- Engagement type: Sellside
- Size: $5,160 million
Arma Partners is pleased to announce that it has acted as financial advisor to team.blue, Europe’s leading digital enabler for entrepreneurs and SMBs, on a significant minority investment by CPP Investments and Sofina, valuing the company at an enterprise value of €4.8 billion. Hg, a leading investor in European and transatlantic software and services businesses and investor in team.blue since 2019, will remain the largest single investor in the business and has invested further funds as part of this transaction to fuel product innovation and expansion through further acquisitions. The combination of CPP Investments and Sofina alongside Hg and the founders provides team.blue with strong multi-institutional shareholder support to continue the company’s exceptional growth and value creation journey.
Founded in 2019 through the merger of Combell group, transIP group and Register group, team.blue is Europe’s leading digital enabler for 3.3m SMB customers across 22 countries. The company continues to expand its product offering to help customers remain relevant, competitive and successful in their digital journey. team.blue enhances security, ensures GDPR compliance, boosts website visitor attraction and conversion rates, improves customer engagement and assists in both online and offline commerce strategies.
This investment represents a significant milestone for team.blue, which has grown revenues eight-fold since Hg first invested in 2019. Today, with over 2,500 employees, including many technology entrepreneurs who have joined the group and continue to build the business, team.blue has cemented its position as a category leader and one of the largest privately owned technology companies in Europe. Hg, CPP Investments, Sofina and the founders will continue to support team.blue’s management to deliver on multiple growth vectors by expanding the company’s portfolio of SaaS solutions with further AI-led product innovation.
This transaction demonstrates Arma Partners’ successful track record of orchestrating large multi-investor transactions leveraging diverse pools of institutional capital from sovereign wealth funds, pension funds and family offices. The deal further highlights Arma Partners’ leadership in the European SMB digitisation ecosystem, having previously advised on landmark transactions including dogado, one.com, Register, Access, Iris, Unit4 and Visma.