EQT Private Equity and TA to welcome Hg as a significant minority partner in IFS and WorkWave at a USD 10bn valuation
· EQT VIII to sell a large part of its stake in cloud software vendors IFS and WorkWave to Hg, in a transaction valuing the Companies at USD 10bn. EQT Private Equity to remain majority shareholder alongside Hg, TA and the management teams · Since the acquisition by EQT VIII and EQT IX, IFS has grown Cash EBITDA by 51 percent p.a. and established a global leadership position within cloud software for companies which want to differentiate on service · Since separating WorkWave from IFS in 2021, WorkWave has more than tripled revenues by combining a compelling organic growth strategy