Hg, ADIA and CPP Investments acquire minority stake in IFS at €15 billion valuation
April 9, 2025
Hg has increased its stake in enterprise software provider IFS to become a co-control shareholder alongside EQT, as new minority investors — a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and the Canada Pension Plan Investment Board (CPP Investments) — buy shares from EQT, TA Associates and other minority holders. The transaction values IFS at over EUR 15 billion and supports the company’s continued AI-driven growth after surpassing €1 billion in ARR and more than 7,000 employees globally.
- Buyers
- Hg, A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), Canada Pension Plan Investment Board (CPP Investments)
- Targets
- IFS
- Sellers
- EQT (selling via EQT VIII and EQT IX funds), TA Associates, Other minority investors
- Industry
- Software
- Location
- Sweden
- Transaction Type
- Growth capital
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