Alantra advises ICG on the partnership with Iver
SECTORTechnology
ServiceM&A
Stockholm – Alantra, the global investment banking and asset management specialist, announces that it has advised ICG, a global alternative asset manager, on the partnership with Iver, a leading Nordic IT services provider.
Founded in 1989, ICG is a global alternative asset manager that manages $59.6bn (as of 31 March 2021) of assets in third-party funds and proprietary capital, principally in closed-end funds. The company operates across four strategic asset classes: corporate, capital market, real assets, and secondary investments, and has a long history of investing in Nordic companies.
Iver is a leading Swedish managed IT services provider that belonged to EQT’s portfolio. The company has capabilities for full IT outsourcing, providing their clients with contracted services, including hosting, cloud, and application management.
Peter Berglund at ICG, commented on the operation: “We have followed Iver’s growth trajectory for some time and are delighted to announce our partnership today. As demonstrated by the company’s growth in market share and undeniable success in its field, we believe there is huge further opportunity for Iver and are excited to support management on this next phase of growth”.
Jonas Bauréus, Managing Partner at Alantra, added: “We are very pleased to have advised ICG on this landmark transaction, which builds on our strong global momentum in IT services. We are grateful to ICG for their confidence in Alantra and look forward to following their journey with Iver”.
The transaction is further evidence of the Alantra Tech team’s great momentum, having advised on more than 30 tech-related transactions in 2021.
