EQT today announced that the EQT VIII and EQT IX funds have agreed to acquire IFS AB from the EQT VII fund. TA Associates will hold a significant minority stake in IFS.
The transaction has a value in excess of EUR 3 billion. JP Morgan Securities plc acted as financial advisor to EQT VIII and EQT IX. Arma Partners acted as financial advisor to TA Associates.
TA Associates will also join as a minority partner.
The transaction is subject to customary regulatory approvals. EQT expects to close the transaction at the end of August 2020.
EQT and TA Associates will support IFS’ continued growth and development journey. The companies will also invest in strengthening IFS’ product capabilities, both organically and through add-on acquisitions.
EQT’s investment in …