EQT VII ACQUIRES 68% OF VOTES AND 63% OF CAPITAL IN IFS FOR SEK 362.50 PER SHARE

EQT
VII[1] (http://file///C:/Users/ANDBSE/Documents/Press%20release/EQT/Ireland%20
-%20press%20release%20English%20(FINAL%202).docx#_ftn1) (”EQT”), through IGT
Holding IV
AB[2] (http://file///C:/Users/ANDBSE/Documents/Press%20release/EQT/Ireland%20
-%20press%20release%20English%20(FINAL%202).docx#_ftn2) (”IGT Holding”), has
acquired shares in Industrial and Financial Systems, IFS Aktiebolag (publ)
(“IFS”) corresponding to 68 per cent of the votes and 63 per cent of the total
number of shares in
IFS.[3] (http://file///C:/Users/ANDBSE/Documents/Press%20release/EQT/Ireland%20
-%20press%20release%20English%20(FINAL%202).docx#_ftn3) The acquisitions were
made from IFS’s main shareholders including Förvaltnings AB Wasatornet, Gustaf
Douglas, Catella Fondförvaltning AB, Lannebo Fonder AB, SEB, AP4, Anders Böös
AB, Greenfield AB (Bengt Nilsson), Heinz Kopfinger, DNB (together the “Main
Shareholders”) and others.

IGT Holding has acquired the shares at a price of SEK 362.50 per share,
regardless of share class. The price paid is approximately 20 per cent (and 21
per cent) higher, compared to IFS’s six months volume-weighted average share
price on Nasdaq Stockholm for IFS’s B-shares (and A
-shares).[4] (http://file///C:/Users/ANDBSE/Documents/Press%20release/EQT/Irelan
d 
%20-%20press%20release%20English%20(FINAL%202).docx#_ftn4)

Through the acquisitions, IGT Holding has passed the mandatory bid threshold of
30 per cent of the votes in IFS, which IGT Holding according to Chapter 3,
Section 1 of the Swedish Public Takeover Act (2006:451) must disclose. This
press release constitutes such a disclosure. IGT Holding is now under an
obligation to launch a mandatory bid for the remaining shares in IFS within four
weeks from the acquisitions, i.e. no later than 25 December 2015. IGT Holding
will within this period, following a formal board resolution, launch a mandatory
bid for the remaining shares in IFS for a consideration of SEK 362.50 per share
through a separate press release.

Per Franzén, Partner at EQT Partners AB comments:

“IFS is a strong independent player in the global ERP market. It has developed
unique positions in industry verticals such as Oil & Gas, Aerospace & Defence
and Field Service Management. In order to achieve the company’s strategic
objectives, we believe significant, immediate and long-term investments are
necessary.
EQT[5] (http://file///C:/Users/ANDBSE/Documents/Press%20release/EQT/Ireland%20
-%20press%20release%20English%20(FINAL%202).docx#_ftn5) will continue to support
IFS in developing and strengthening these positions by providing the necessary
financial resources, investing in IFS’s customer offering and its global
organization. We place great value on IFS’s management team and employees and
are convinced that EQT with its unique global network, its software expertise
and governance framework is very well positioned to support IFS in further
accelerating its growth,” says Per Franzén, Partner at EQT Partners AB which
acts as investment advisor to EQT funds.

CEO at IFS comments:

“IFS has executed well in recent years and has established a strong position in
our target sectors with a very competitive world class product, a strong
customer base and a loyal and effective team of employees. The expertise of EQT
together with its investment resources will enable us to scale rapidly and
realise our true potential. Both I and the senior management team of IFS are
very excited about embarking on this new growth chapter and firmly believe it
will deliver huge benefit for our customers, staff and partners,” says Alastair
Sorbie, CEO at IFS.

IFS’s Main Shareholders comment:

“IFS has created substantial shareholder value over the last years. Our opinion
is that EQT VII's price fairly values the company's potential. As a result, we
have decided to sell our shares. We are convinced that EQT VII will be a
responsible owner and support the company and its employees going forward.”

Background to the acquisitions and EQT’s interest in IFS

IFS is active in the development, sale and implementation of enterprise software
for enterprise resource planning (ERP). The Company was founded in 1983 and
currently has over 2,700 employees, supporting more than 2,400 customers
worldwide from its network of local offices and through a growing ecosystem of
partners. IFS has approximately 1 million users in businesses all over the
world, who rely on IFS’s software for mission critical business processes. IFS
is listed on Nasdaq Stockholm, Mid Cap.

EQT is a growth focused investor and owner with vast experience from developing
companies in various industries across the globe. During ownership, EQT’s
portfolio companies have on average increased number of employees by 11 per
cent, sales by 8 per cent and EBITDA by 11 per cent each year.

EQT is impressed by the development and direction of the company. IFS has
established an attractive position in specific areas of the manufacturing and
engineering ERP market including the Enterprise Asset Management segment. In
addition, IFS is focused on certain selected customer verticals where the
Company is able to exert market leadership with its domain knowledge on a global
scale, such as Oil & Gas, Aerospace & Defence and Field Service Management.

EQT supports IFS’s strategy of:

  · continuing to invest into the further development of the industry-specific
product suite to maintain and enhance the strong customer satisfaction that IFS
enjoys in the market; and
  · leveraging its deep domain knowledge to deliver differentiated solutions to
customers in certain industry sectors which other competitors cannot deliver;
and
  · leveraging its heritage and the current strong position in the Enterprise
Asset Management segment and accelerating the development of “Internet of
Things” applications; and
  · focusing on M&A to complement its product offering and capabilities and
accelerate the execution upon the objectives listed above.

EQT supports IFS’s strategic objectives and believes IFS is well positioned to
successfully execute. However, EQT also believes IFS would benefit from further
investments into its sales and marketing, partner network and product
development in order to fully achieve its strategic objectives. These
investments are typically strategic and long term oriented and even though it
may lead to benefits in the longer term it will have an adverse impact on short
to mid-term financial performance.

EQT believes it can assist IFS in a private setting, among other things,
through:

  · long-term investments into the customer offering and the organization to
further strengthen the market position in selected customer verticals; and
  · supporting IFS in developing its global partner ecosystem so that it can
continue to improve its ability to offer cost effective global solutions; and
  · providing financial and strategic resources to IFS to accelerate its M&A
strategy.

EQT is convinced that, with the financial resources available to it as well as
its long-term perspective as an investor, is very well positioned to support IFS
upon the execution of this strategy. By leveraging its unique global network,
EQT is able to support IFS to increase its global brand awareness and get access
to new customers.

IGT Holding IV AB

The board of directors

The information was submitted for publication on 30 November 2015 at 07.00
(CET) by EQT and is available: http://news.cision.com/igt-holding-iv-ab/r/eqt
-vii-acquires-68--of-votes-and-63--of-capital-in-ifs-for-sek-362-50-per
-share%2cc9875812

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[1] (http://file///C:/Users/ANDBSE/Documents/Press%20release/EQT/Ireland%20
-%20press%20release%20English%20(FINAL%202).docx#_ftnref1) EQT VII comprises EQT
VII (No.1) Limited Partnership, EQT VII (No.2) Limited Partnership (together the
“Partnerships”) as well as certain co-investment schemes established to invest
alongside the Partnerships. EQT Services (UK) Limited acts as the manager of the
Partnerships and certain of the schemes, and is authorized and regulated by the
United Kingdom Financial Conduct Authority.

[2] (http://file///C:/Users/ANDBSE/Documents/Press%20release/EQT/Ireland%20
-%20press%20release%20English%20(FINAL%202).docx#_ftnref2) A newly formed
company indirectly wholly owned by EQT VII, under name change from Goldcup 11920
AB.

[3] (http://file///C:/Users/ANDBSE/Documents/Press%20release/EQT/Ireland%20
-%20press%20release%20English%20(FINAL%202).docx#_ftnref3) Based on total number
of shares outstanding, excluding treasury shares held by IFS.

[4] (http://file///C:/Users/ANDBSE/Documents/Press%20release/EQT/Ireland%20
-%20press%20release%20English%20(FINAL%202).docx#_ftnref4) Six months volume
-weighted average share price for A-shares of SEK 298.87 per share and B-shares
of SEK 302.39 per share, respectively.

[5] (http://file///C:/Users/ANDBSE/Documents/Press%20release/EQT/Ireland%20
-%20press%20release%20English%20(FINAL%202).docx#_ftnref5) “EQT” refers to EQT
Holdings AB and its associates and, where the context requires, any one or more
EQT branded funds.
Alastair Sorbie, IFS. Telephone: 44 1494 428900, press@ifsworld.com

Kerstin Danasten, EQT. Telephone: 46 8 506 55 34, press@eqt.se
EQT in brief

EQT is the manager of 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. Close to
EUR 17 billion has been invested in around 140 companies and today, EQT funds
own around 60 companies in a variety of industries across the world with some
140,000 employees and revenues of approximately EUR 17 billion in total. EQT
have offices in 15 countries on three continents with in total around 335
employees.

In the management of a portfolio company, EQT focuses on introducing a sense of
urgency and an entrepreneurial mindset to motivate management to continuously
seek growth and develop initiatives. Key components in EQT’s business model are
a jointly established business plan as well as a common mindset established
through co-ownership and a transparent communication of goals and objectives.

About IFS

IFS (http://www.ifsworld.com/en/)™ 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. For more information visit:
www.ifsworld.com.

Follow us on Twitter: @ifsworld (http://twitter.com/ifsworld)

Visit the IFS Blog on technology, innovation and creativity:
http://blog.ifsworld.com/

Important information

This press release is not a public offering to acquire shares. Anyone passing
the mandatory bid threshold of 30 per cent of the votes in a company with shares
admitted to trading on a regulated market must according to Chapter 3, Section 1
of the Swedish Public Takeover Act (2006:451) disclose the passing of the
mandatory bid threshold. This press release constitutes such a disclosure.