TeamSystem acquires AIG Classic to expand in Spain: advisors
TeamSystem – an Italian tech & AI company, provider of digital platforms for business management for companies and professionals – has acquired AIG Classic, a Spanish company active in the development of management and accounting software for SMEs, micro-enterprises and professionals. TeamSystem was advised on the transaction by Garrigues on legal and employment law matters, and by KPMG on financial and tax due diligence. AIG Classic and Tresmares were advised by Evergreen as legal counsel.
The transaction forms part of TeamSystem’s international growth strategy and the strengthening of the Group’s presence in Spain, a particularly strategic market given its strong similarities with the Italian business landscape and its central role in the Group’s European development path, states the company.
Founded in 1994 in Vigo, Galicia, AIG Classic recorded revenues of more than €5.5 million in 2025 and serves over 34,000 customers. Over the years, the company has developed solutions designed to meet the concrete operational and regulatory needs of small and micro-enterprises, building a broad customer base in the Iberian market.
TeamSystem is an Italian tech & AI company that develops digital platforms to enhance the competitiveness of businesses and professionals. The Group supports its clients in the digital transformation of the entire supply chain through a comprehensive offering of technologies based on AI, SaaS and cloud solutions to manage internal processes. Operating in Italy and abroad, TeamSystem closed 2024 with revenues of €1 billion.
On the Garrigues side, the advisers who worked on this transaction were Carla Frangoni (partner), Gorka Esnal (principal associate) and Mikel Intxausti (senior associate), from the M&A team, all pictured from left to right.
The Evergreen team advising on the transaction was led by Ignacio Freire, partner and head of the M&A practice, together with partner Luis Vegas, and lawyers Marina Roji, senior associate, and Guillermo Albarracín, associate.
Pictured below, from left to right, Ignacio Freire and Luis Vegas.
