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IRIS Software Group

IRIS Software Group

diciembre 2023
Reino Unido, > £500m

Liberty advises the management team of IRIS Software Group on securing major investment from Leonard Green & Partners

Liberty Corporate Finance is delighted to announce that they have advised the management team of IRIS Software Group (IRIS), a leading global provider of mission-critical software and services in accountancy, payroll, HR and education, on their investment from Leonard Green & Partners (LGP) a Los Angeles-based private equity firm, in a transaction valuing the business at an EV of around £3.15bn.

LGP will take a co-controlling stake in the business, supporting IRIS’s US expansion ambitions with its local presence and network. Hg, a leading investor in European and transatlantic software and services businesses, will retain a co-controlling stake in acknowledgement of Hg’s transatlantic capabilities and strong 20-year relationship and experience working with the IRIS team. In addition, ICG will remain as a minority investor in the business.

Mick McDonagh

Michael McDonagh
Partner
+44 (0) 7715 705 000
michael.mcdonagh@liberty-cf.com