ICG forms partnership with Iver, leading Nordic multi-cloud solutions player

Laser Scanning Opened Book
Intermediate Capital Group (“ICG”) today announced that ICG Europe VIII has agreed to form a partnership with Iver, a leading partner within multi-cloud solutions in the Nordics with a proven ability to realize digital transformation and modernization of IT-infrastructure for organizations with complex IT and cyber security requirements.

ICG will work in partnership with Iver’s management team to support the firm’s organic expansion.

Iver has benefitted from strong organic growth and growing market share within the Nordic IT services market. The company has also grown considerably through acquisitions, having acquired ten synergistic businesses in Sweden and Norway since inception. The company boasts full IT-outsourcing and digital transformation services capabilities with a specific focus on high growth areas such as multi-cloud, digital transformation, cyber security and DevOps-services. Iver works closely with global cloud providers such as Microsoft and Amazon in addition to having its own proprietary cloud offering.

Carl-Magnus Månsson, CEO at Iver, said:

Modern digital infrastructure is a fundament for accelerating digital innovation and protecting digital values. We are on an exciting journey, the support from EQT has significantly contributed to helping us transform the business and accelerate growth by making substantial investments. We would like to thank the EQT team, as well as the IVER board, for their continued support. ICG has acknowledged our strong position and our strategic direction as a strong fit to their ambitions of creating a strong Nordic player with European ambitions. We look forward to taking the next leap in our development together with our new friends at ICG.

Peter Berglund at ICG commented:

We have followed Iver’s growth trajectory for some time and are delighted to announce our partnership today. As demonstrated by the company’s growth in market share and undeniable success in its field, we believe there is huge further opportunity for Iver and are excited to support management on this next phase of growth.

For further details please contact:

Clare Glynn
Tel: +44 (0)20 3545 2000
Email: [email protected]