Simpson Thacher is representing IFS, an EQT portfolio company, in connection with its announced acquisition of WorkWave, a leading provider of highly scalable, cloud-based Software-as-a Service (Saas) solutions for the field service, last mile delivery and logistics industries. The financial terms of the transaction have not been disclosed.
IFS is a multinational enterprise software company. EQT is a leading alternative investments firm with approximately EUR 37 billion in raised capital. EQT has portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
The Simpson Thacher team includes Patrick Naughton, Izzy Lubarsky and Rex Hupy (M&A); David Rubinsky, Alisa Tschorke and Jason Fixelle (Executive Compensation and Employee Benefits); Jonathan Goldstein and Jasmine Hay (Tax); Sara Razi, Ellen Frye and John Goheen (Antitrust); Noah Leibowitz, Amber Harezlak and Marissa Lambert (Intellectual Property); Robert Lee and Jennifer Wileman (Private Funds); and Steven DeLott (Insurance).