Early birds pick WorkWave LBO loans

Early Bird Gets Worm
By Victor Jimenez
25 Oct 2017

Industrial & Financial Systems (IFS) closed the loan funding for its acquisition of WorkWave without further syndication on Wednesday, evidence the market is still keen on small size offerings amid a raft of large deals.

IFS, the Swedish business software developer owned by EQT, will turn North America into its largest market after buying New Jersey’s WorkWave, which has 7,300 clients mostly in the US. The agreement was signed last month. 

IFS has financed the operation with a deal of below €80m, ...

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