EQT VII to sell global enterprise software provider IFS to successor funds and TA Associates
· EQT VII to sell IFS, the leading global enterprise software provider that enables businesses to digitalize their core operations, to successor funds and TA Associates for a transaction value in excess of EUR 3 billion · During EQT VII’s ownership, IFS has grown into the global leader within Field Service Management software by focused investments into the product and the organization as well as targeted add-on acquisitions · Under EQT VII’s tenure, IFS’ revenues have doubled to SEK 7.3 billion, EBITDA has quadrupled, and the employee base has increased by 50 percent The