IFM Investors takes majority share in ISGM

IFM Investors takes majority share in ISGM

ISG Management (ISGM) has named IFM Investors as its new cornerstone investor, with IFM becoming a 50 per cent stakeholder.


ISGM said the new investment from IFM was timely, given the previous cornerstone investor, Ironbridge, was nearing the expiration date of its private equity fund.

IFM’s head of private capital, Steven Lipchin, described ISGM as a “highly attractive investment opportunity” and that IFM was “looking forward to supporting the firm’s growth”.

“With its experienced management team and nimble strategy, systems and operational capabilities, we believe that ISGM has an exciting future across a number of new industry sectors,” he said.

ISGM is a provider of workforce management solutions and was established in 2010.

Read more:

Insider trader jailed for 12 months

Markets plunge as UK votes to leave Europe

Contango AM announces management buyout

NAB Asset Servicing chooses new analysis platform

AMP board elects new chair

 

IFM Investors takes majority share in ISGM
investordaily image
ID logo
promoted stories

Appointments

investordaily image

Fortnum hires former Centric Wealth CEO

Staff Reporter

Deborah Ralston

SMSF Association names new chair

Katarina Taurian

Curtis Cifuentes

Avenir Capital hires investment director

Staff Reporter

Analysis

investordaily image

A correction, not a turning point

James Swanson

Martin Dropkin

Why bond covenants matter

Martin Dropkin

Maurizio Canton

Striking a balance between security and innovation

Maurizio Canton