Hannes Snellman Counsel to EQT in the Acquisition of 68% of Votes and 63% of Capital in IFS

EQT has today announced that they have acquired shares corresponding to 63 percent of the total number of shares and 68 percent of the total number of votes in Industrial and Financial Systems, IFS Aktiebolag (“IFS”), and thereby passing the mandatory bid threshold. EQT has acquired the shares at a price of SEK 362.50 per share, valuing IFS to approximately SEK 9 billion. EQT will launch a mandatory offer. EQT is a leading group of private equity funds with operations in Northern Europe, Eastern Europe, US and China. EQT manages funds active within buy-outs, growth financing and infrastructure. EQT has a unique industrial approach and a strong record of successful investments. EQT was founded in 1994 by Investor AB, Scandinavia’s largest industrial holding group and part of the Wallenberg group, and has since the foundation raised approximately EUR 29 billion from over 300 global institutional and professional investors. IFS is a globally recognized leader in developing and delivering enterprise software for enterprise resource planning (ERP), enterprise asset management (EAM) and enterprise service management (ESM). IFS brings customers in targeted sectors closer to their business, helps them be more agile and enables them to profit from change. IFS is a public company (XSTO: IFS) founded in 1983 and currently has over 2,700 employees. IFS supports more than 2,400 customers worldwide from its network of local offices and through a growing ecosystem of partners.

Hannes Snellman is acting as legal advisor to EQT. Our team includes: Sören Lindström, Björn Kristiansson, Peter Forsberg, Paula Röttorp, Anna Partovi, Viggo Bekker Ståhl, Ebba Werkell, Patrik Erblad, Xandra Carlsson, Frida Aronsson Jostrand and
Per Samuelsson.