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New Deal


Announced

Completed

FNZ completed the acquisition of Irish Progressive Services International from Irish Life Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Acquisition

Single Bidder

Ireland

Majority

software development

Software

Private

Friendly

Synopsis

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FNZ, the global platform-as-a-service provider, completed the acquisition of Irish Progressive Services International, a Dublin-based third-party administration solutions provider, from Irish Life Group, an insurance company. Financial terms were not disclosed. "We are excited to be taking this next step in FNZ’s European growth strategy and gaining significant oversight and operational TPA experience with the acquisition of IPSI," Adrian Durham, FNZ Group CEO.

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