HG Capital to acquire a minority stake in IFS.

HG Capital, a private equity firm, agreed to acquire a minority stake in IFS. Financial terms were not disclosed. "EQT's relationship with IFS started in 2015 and it has been remarkable to see the company's growth since then. Starting as a software vendor focused on Northern Europe, IFS has become a global provider of enterprise solutions while embracing the power of AI for the benefit of its industrial clients. It's a prime example of EQT's ability to "run with the winners", where we partner with management teams over the long-term to scale regional players into global champions. We are excited to work alongside Hg to continue supporting IFS through this next phase," Johannes Reichel, EQT Private Equity Partner and Co-Head of Technology.