EQT, Hg and TA-owned IFS valued at EUR 15 billion in minority stake sale, following investment from Hg, ADIA and CPP Investments
· Hg increases its stake in enterprise software provider IFS and becomes co-control shareholder alongside EQT, while existing minority shareholder TA Associates remains invested · New investors in this transaction include a wholly-owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) and the Canada Pension Plan Investment Board (“CPP Investments”) · IFS continues to perform strongly, having recently surpassed EUR 1 billion in ARR while growing by more than 30% year-on-yearIFS, a leading provider of cloud enterprise software and Industrial AI applications, announces it has