The guiding hand of Palamon could add real value here, increasing the opportunities for growth.

Moreover, the rapid pace of technological change the industry is facing provides strong growth opportunities. Should TeamSystem be proactive and take a leading role in the adoption of new technologies, they can steal market share from slower competitors. That they need to do an overhaul on many of their programs to bring them to modern platforms seems like a great time to move directly into a leadership position - the money will be spent anyway.

There are strong opportunities for exit. If TeamSystem can capitalize on opportunities for growth, they can position themselves for either a sale or an IPO. In terms of an IPO, TeamSystem is expected to show steady growth. The market is kept relatively closed by the complexity of the Italian taxation system. Furthermore, the company has a strong leader.

The opportunity...
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