William Fry advises EQT Private Equity on the acquisition of a majority stake in AMCS, a global leader in performance and sustainability software to resource-intensive industries.

William Fry is pleased to have worked alongside Clifford Chance advising EQT X and EQT Future (jointly “EQT Private Equity”), one of the world’s largest private equity investors, on the acquisition of a majority stake in AMCS, a supplier of cloud-based and AI-enabled planning, performance, and sustainability focused software for waste management, recycling and other resource-intensive industries.  AMCS was founded in 2003 and is headquartered in Limerick, Ireland.

EQT Private Equity will invest from EQT X, its flagship private equity fund, and EQT Future, its impact-driven, longer-hold fund, and leverage its capabilities in software and impact value creation to support AMCS.

The co-founder, management and other existing investors, including Insight Partners, as well as Clearlake Capital, Highland Europe and the Ireland Strategic Investment Fund, are expected to retain minority stakes.

The transaction is subject to customary conditions and approvals, and is expected to close before Q1 2025.

The William Fry Team, based in London, Dublin and Cork, was led by Corporate M&A and Private Equity Partners, Ivor Banim, Brian Butterwick and Fiachra Cork and Corporate M&A and Equity Incentives Consultant, Colm Manning supported by Corporate M&A Associates, Ben Kennedy, Gavin White, Will Foley and Lucy Thornton.  This core team was supported by a multi-disciplinary team across the firm.

William Fry acted as Irish counsel and global law firm Clifford Chance acted as lead global counsel on the cross-border transaction.