HG Capital completed the acquisition of a minority stake in IFS and WorkWave from EQT and TA Associates.

HG Capital, a private equity firm, completed the acquisition of a minority stake in software companies IFS and WorkWave from EQT, a private equity firm and TA Associates, a global growth private equity. Financial terms were not disclosed. “We’re proud to have built two amazing software brands - and we continue to go from strength-to-strength. We are structured to scale, we have class-leading technology, and our people and partners remain obsessed with customer satisfaction. These have been the foundations of our success at both IFS and WorkWave, and now with the additional backing and software expertise of Hg alongside EQT and TA, we have the ability to accelerate our growth even faster," Darren Roos, IFS CEO.