EQT, Hg and TA-owned IFS valued at EUR 15 billion in minority stake sale
- Editor
- 6 days ago
- 1 min read
Whats Happening:
IFS, a cloud enterprise software and Industrial AI applications provider, has achieved a valuation of over EUR 15 billion. Hg is increasing its stake to become a co-control shareholder alongside EQT, with TA Associates remaining as a minority shareholder. New minority shareholders include a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and the Canada Pension Plan Investment Board (CPP Investments).
Key Moves:
Hg increases stake in IFS, becoming co-control shareholder with EQT
New investors ADIA and CPP Investments join as minority shareholders
IFS achieves valuation of over EUR 15 billion following AI-driven growth
By The Numbers:
IFS surpassed EUR 1 billion in ARR
Total revenue for 2024 was over EUR 1.2 billion
Average deal size of IFS's largest customers increased by 64% year-on-year
Key Quotes:
"IFS's success and sustained growth is centred around a commitment and track record of rapidly delivering business value to our customers," said Mark Moffat, CEO of IFS.
"EQT's relationship with IFS started in 2015 and it has been remarkable to see the company's growth since then," added Johannes Reichel, Partner at EQT.
"With 20 years' experience investing in software, we recognise exceptional businesses when we see them," commented Nic Humphries, Senior Partner at Hg.
Bottom Line:
IFS's valuation of over EUR 15 billion reflects its strong growth and successful pivot to AI-driven solutions. The new ownership structure, with Hg as co-control shareholder alongside EQT, and the addition of new investors, positions IFS for continued expansion in the industrial software market.
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