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New Deal


Announced

Completed

Francisco Partners-backed EG Group completed the acquisition of EasyUpdate.

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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Cross Border

Friendly

Private Equity

Completed

Majority

Single Bidder

Norway

software development

Acquisition

Software

Private

Synopsis

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Francisco Partners-backed EG Group, an IT solutions provider, completed the acquisition of EasyUpdate, a software developer. Financial terms were not disclosed. "In this industry, we know and respect each other as competitors and colleagues, and I look forward to being part of an exciting and ambitious journey with EG. Combining the best of both worlds gives us a greater potential for investing in the best possible solution for our customers," Jan Idar Vikse, EasyUpdate Founder and Owner.

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