Tuesday, December 01, 2015

IFS taken over by Swedish PE firm

Well, a buyout by Microsoft would have been more fun for us here at the Graveyard, but now we'll never know.  Sweden-based IFS has sold a majority stake to Sweden-based private equity firm EQT Partners.  The deal works out to about 2.7 times TTM revenues of US $330M, and nearly 30x EBIT of $35M.