Global law firm Freshfields has advised TeamViewer on financing its acquisition of 1E, a leader in Digital Employee Experience (DEX) management tools based in London. TeamViewer has signed an agreement with Carlyle Europe Technology Partners, part of global investment firm Carlyle, to buy 1E at an enterprise value of $720m on a cash-free, debt-free basis. Financing will be provided via existing credit lines and new debt instruments. The transaction is expected to close in early 2025 after obtaining all necessary regulatory approvals.

1E, with about 300 employees, offers a leading DEX platform that delivers real-time visibility on enterprise IT landscapes, promptly identifying issues as they arise and automating remediation directly on the endpoint. TeamViewer is a global leader in remote connectivity and digital workplace solutions. This transformational transaction positions TeamViewer as a strong player in the digital workplace market by integrating TeamViewer’s remote access and support expertise with 1E ’s autonomous IT platform.

The Freshfields team was led by Partner Michael Josenhans and further comprised Counsel Alexander Pospisil, Principal Associate Laura Korndörfer as well as the Associates Lucas Lengersdorf and Thilo Köhler (all Finance, Frankfurt).

Freshfields has also advised TeamViewer in the past, for example on an ESG-linked credit facility in 2022. Freshfields also accompanied TeamViewer’s IPO, which was the largest in Europe in 2019.