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Did Leonard Green buy Iris software?

Get in Touch Buyout firm Leonard Green & Partners agreed to buy a stake in Iris Software from Hg in a deal that values the company at about £3.15 billion ($4 billion), marking a rare private equity deal in the tech sector.

Will Leonard Green Invest in Iris?

The investment by Leonard Green will help support Iris’s expansion into North America, which now accounts for more than 25% of the company’s revenue, the firms said. Buyout firm Hg first invested in Iris in 2004, according to the statement. London-based private equity firm Intermediate Capital Group Plc will remain a minority investor in Iris.

Will Hg sell Iris software to Leonard Green & Partners?

Hg is nearing a deal to sell Iris Software to rival buyout firm Leonard Green & Partners, after negotiations with KKR & Co. stumbled at the eleventh hour, people with knowledge of the matter said. The transaction may be announced as soon as this week, according to the people.

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