Global law firm White & Case LLP has advised IFS on its acquisition of all the issued and outstanding common shares of Copperleaf Technologies Inc.
IFS will pay CA$12 in cash per share, representing a total equity value of approximately CA$1 billion on a fully diluted basis.
IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build and maintain assets and manage service-focused operations.
Headquartered and listed in Canada, Copperleaf is a global provider of AI-powered enterprise asset investment management and planning software for clients that collectively manage trillions of dollars of both physical and digital assets.
The transaction is not subject to a financing condition as IFS’ sponsors, EQT, Hg and TA Associates, have provided equity commitments.
The White & Case team which advised on the transaction was led by partner Patrik Erblad (Stockholm and London) and included partners Adam Cieply, Henrik Patel (both New York), John Timmons, Michael Engel (both London) and Jonathan Olier (Singapore), counsel Samantha Rozell (Chicago) and associates Abigail Alm-Pandeya, Jonas Brandt, Andreas Lexhag, Denise Sparremo (all Stockholm), Aishwarya Jha (London), Nicole Mao (Singapore), Lucee Laursen (Chicago), Leticia Calbacho (Madrid), Mark Kim (New York), Tom Carberry and Katerina Psathas (both Melbourne).
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