Apax Partners Makes ~$450M Minority Investment in IBS Software

Blackstone to Acquire Majority Stake in Priority Software

May 16, 2024

Cloud & SaaS

Blackstone Growth and affiliated funds have entered into a definitive agreement to acquire a majority stake in Priority Software, a provider of mission-critical, cloud-based ERP and business application software. Existing investors TA Associates and Fortissimo Capital will roll their stakes as Blackstone supports Priority’s continued growth across industries and markets.

IBS Software Acquires Above Property Services (APS) for $90 Million

January 16, 2024

Cloud & SaaS

IBS Software, a SaaS provider for the travel industry, has agreed to acquire Above Property Services (APS) for $90 million. The deal is intended to strengthen IBS Software’s hospitality offering by adding APS’s CRS, PMS, RMS and related call center and demand-side capabilities to its existing booking and distribution platform used by 36,000+ hotels.

Capital A Acquires Majority Stake in AB Software & Consultancy BV

March 14, 2023

IT Services

Capital A (an investment company) has acquired a majority stake in AB Software & Consultancy BV, an ERP implementation partner and software developer serving the manufacturing sector in the Netherlands. The investment will support AB's organic growth and a buy-and-build strategy to expand its portfolio of services and products; AB has about four locations in the Netherlands and roughly 80 employees.

Apax Partners Acquires PIB Group from The Carlyle Group

January 25, 2021

Insurance

Funds advised by Apax Partners acquired PIB Group alongside PIB's management team; The Carlyle Group (PIB's existing investor) will re-invest for a minority stake. Financial terms were not disclosed; Apax said the investment will support PIB's continued organic growth and accelerated M&A and international expansion. PIB is a diversified insurance intermediary employing over 2,000 people across the UK, Channel Islands, Ireland, Germany, Poland and India.

Apax Partners Acquires 3i Infotech's Software Products Business to Form Azentio Software

December 28, 2020

Software

Funds advised by Apax Partners acquired the Software Products business of 3i Infotech for INR 10 billion and transferred the assets into a newly formed company, Azentio Software, wholly owned by the Apax Funds. The carve‑out creates a PE‑backed, focused software platform serving banking, financial services and insurance (BFSI) customers with plans for increased R&D, sales investment and future M&A across the region.

The Planet Group (MidOcean-backed) Acquires Interactive Business Systems (IBS)

November 13, 2020

Staffing & HR

The Planet Group, a portfolio company of MidOcean Partners, has agreed to acquire Interactive Business Systems (IBS), an Oak Brook, Illinois–based provider of flexible IT staffing, project solutions and managed services. The deal is an add-on acquisition intended to strengthen Planet's technology services and expand its IT staffing and managed-service capabilities, including IBS's Midwest presence and offshore delivery center in India.