Intermediate Capital Group (ICG) has agreed to acquire Iver Holding AB from EQT and other shareholders.
Headquartered in Stockholm, Sweden, Iver offers full IT outsourcing and focuses on high growth areas such as multi-cloud, digital transformation, cyber security and DevOps services. The Iver group employs approx. 1,400 people and has a turnover of approx. SEK 2.4 billion. The Iver group is currently in an expansion phase with focus on the Nordic market.
The transaction is subject to customary competition approvals.
ICG was advised by Mannheimer Swartling in the transaction.