Latham Advises TA Associates on Minority Stake Sale in IFS, Valuing IFS at €15 Billion

Latham & Watkins has advised TA Associates (TA) as IFS, a leading provider of cloud enterprise software and industrial AI applications, announces it has achieved a valuation of over €15 billion following a significant pivot to AI-driven growth. The valuation comes as Hg increases its stake in IFS to become a co-control shareholder alongside EQT, with TA remaining as a minority shareholder. New minority shareholders also include a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and the Canada Pension Plan Investment Board (CPP Investments). Hg and the new investors are acquiring shares in IFS from EQT, which is selling through its EQT VIII and EQT IX funds, as well as from TA and other minority investors.

The Latham team was led by London corporate partner Paul Dolman, with associates Edward Coates and Zeynep Kocabas.