Houlihan Lokey Advises ifb Group

Houlihan Lokey is pleased to announce that ifb SE (ifb), an international digital transformation, finance, risk transformation, and compliance consultancy, headquartered in Grünwald, Germany, has been acquired by EY.

For more than 30 years, ifb, which will now be known as EY ifb, has been providing high-end, technology-enabled digital transformation services with a dedicated focus on accounting, controlling, regulation, risk management, and compliance for the finance and insurance industry.

More than 400 ifb employees from offices in Germany, Switzerland, Austria, Poland, the Netherlands, Luxemburg, the US, Canada, and Colombia will join EY.

This acquisition will enhance EY's technology-enabled capabilities in key areas, including business and technology consulting in finance and risk transformation topics, technology solutions delivery, and managed services.

As a global SAP partner for more than 25 years, ifb also brings broad experience and know-how in the financial services SAP domain and architecture.

Houlihan Lokey served as financial sellside advisor to ifb, demonstrating the firm’s expertise in the technology space.

Based on Houlihan Lokey's strong track record and expertise in the IT services and digital transformation consulting space, the firm was mandated to lead a structured and competitive sales process. Houlihan Lokey served as the exclusive financial advisor to ifb and assisted management and shareholders throughout the transaction, including information memorandum, management presentation and business plan preparation, due diligence process coordination, and transaction negotiations.