IFS has closed its acquisition of Mxi Technologies Ltd, a Canadian provider of maintenance software for the global aviation industry. No financial terms were released for the deal, which was announced in December. It provided an exit to Moelis Capital Partners, a U.S. private equity firm that acquired Ottawa’s Mxi in May 2012. Moelis currently co-manages a private equity capital pool with NexPhase Capital. Linköping, Sweden-based IFS, an enterprise applications company, is backed European private equity firm EQT.
Full Article: Buyouts Insider / Argosy Group LLC
Source : Buyouts Insider / Argosy Group LLC