Hellman & Friedman (H&F) is weighing options for its Italian cloud software maker TeamSystem, a business which could be valued at several billion euros, two people familiar with the matter told Reuters. Private equity investors are showing interest in TeamSystem, which may also attract sovereign wealth funds, they said. Hellman & Friedman is likely to begin a formal sales process next month, they added. Hellman & Friedman acquired TeamSystem in 2016 and in 2021 moved the company from one of its funds to another. TeamSystem's management reinvested in the company as part of the 2021 transaction, and private-equity firm Hg held a minority stake. TeamSystem, which was founded in 1979, generated revenue of 545 million euros in 2021, while posting adjusted core earnings of around 235 million euros, according to company results on its website. The business provides accounting, payroll, and business management software for small and medium-sized enterprises. Enterprise resource planning (ERP) software providers benefitted during the pandemic when businesses were forced to bolster their technology, while Italy's electronic invoice legislation also spurred TeamSystem's revenue growth....

Uolo, an Indian edtech platform that works with private K-12 schools to offer online learning programs to middle and low-income families, has raised $22.5 million in a funding round led by UAE-headquartered VC fund Winter Capital. Uolo says it is reducing that cost by operating in a business-to-business-to-consumer model, working with private schools to let them offer online learning programs to their students and levy the charges as part of the school fees. The startup's programs are also designed in tandem with the curricula of the partnered schools, making it easier for students to double down on learning the same lessons. 'We take edtech to the masses of India. And when we do that, the idea is that you make it cheap enough, affordable enough for people to be able to take it for their children,' said Pallav Pandey, chief executive of Uolo, in an interview with TechCrunch. Schools tying up with Uolo get an ERP platform called the Uolo School Platform for free. It works as a unified platform where schools can access fee management, report card management and attendance management on a single dashboard....