Industrifonden sells its entire holding in Inriver, the leading player in the rapidly growing product information management (PIM) market, to Thomas H. Lee Partners, L.P. (THL), a premier US private equity firm investing in growth companies.
“As the first venture capital firm investing in Inriver, we were excited by the company’s state-of-the art technology, expertise and the drive of the management team. We shared a joined vision of how e-commerce could be strategically driven based on superior PIM solutions and developed a joint ownership agenda and roadmap. We’re delighted about today’s transaction - it provides a successful exit for Industrifonden as well as strong new shareholders for the company’s continued growth journey,” says Anna Ljungdahl, Investment Director at Industrifonden.
