ADIA and CapitalG Acquire Minority Stakes in TeamSystem

Silver Lake Makes €600M Strategic Minority Investment in TeamSystem

May 19, 2023

Software

Silver Lake has agreed to acquire a €600 million minority stake in TeamSystem from Hellman & Friedman, with H&F remaining the majority shareholder. The investment will back TeamSystem’s continued expansion of its cloud business software, fintech and AI offerings across Italy and Spain and support further growth initiatives.

Aquiline and ADIA Invest in Fullsteam

May 25, 2023

Payments & Fintech

Fullsteam LLC, an Auburn, Alabama–based payments and vertical software provider, received a significant minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) alongside founding sponsor Aquiline Capital Partners and a consortium of other investors. The growth capital will support Fullsteam’s expansion strategy, including continued organic growth and further acquisitions across its portfolio of vertical software and payments businesses.

Hg, ADIA and CPP Investments acquire minority stake in IFS at €15 billion valuation

April 9, 2025

Software

Hg has increased its stake in enterprise software provider IFS to become a co-control shareholder alongside EQT, as new minority investors — a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and the Canada Pension Plan Investment Board (CPP Investments) — buy shares from EQT, TA Associates and other minority holders. The transaction values IFS at over EUR 15 billion and supports the company’s continued AI-driven growth after surpassing €1 billion in ARR and more than 7,000 employees globally.

TeamSystem Acquires Sellsy

September 24, 2025

Cloud & SaaS

Italian software group TeamSystem has acquired French SaaS company Sellsy, a provider of lead-to-cash CRM and financial management solutions for SMEs. The deal strengthens TeamSystem's presence in France and Spain and expands its Lead-to-Cash capabilities; PSG Equity will exit its investment in Sellsy.

Francisco Partners Takes Majority Stake in GAINSystems

January 25, 2022

Cloud & SaaS

Francisco Partners has made a majority investment in GAINSystems, becoming the company’s majority shareholder after an initial strategic growth investment in July 2020. The capital and partnership are intended to help GAINSystems scale its cloud-based supply chain planning platform and expand capabilities for its manufacturing, distribution and retail customers.

Adelis Equity Partners Acquires Majority Stake in Aderian Group

December 9, 2022

IT Services

Adelis Equity Partners has become the new majority owner of Swedish IT services group Aderian to support accelerated organic growth and an active M&A strategy. Aderian, a decentralized group of local IT specialists focused on SME customers, will retain significant ownership by entrepreneurs and management and is expected to reach c. SEK 1 billion in revenue with ambitions to triple revenue over five years.