Italy’s private equity weekly roundup. News from Teamsystem, Ambienta, Sia, Elco, Farbanca, Gavio, Orange

Teamsystem, an Italian software provider for corporates and accountants that belongs to Hellman&Friedman, generated a turnover of 417.9 million euros and an adjusted ebitda of 170.5 million with a net financial debt of 750.9 million (see here a previous post by BeBeez). According to the value of the transactions for the sector, Teamsystem may be worth 10 - 13x ebitda or 1.7-2.2 billion euros. The coronavirus impact on the tech sector has not been relevant and H&F might be ready for a divestment. In December 2015, Hellman&Friedman acquired the majority of Teamsystem from Hg Capital, which reinvested for a minority, while Bain Capital sold all of its interest in the business. Ambienta is finally buying a 70% stake in Ita