Tag Archives: Investments

Mirabaud Asset Management launches Private Equity Business

Paris, 4 July 2017 – Mirabaud Asset Management has expanded its offering, which already covers several asset classes, to include a new growth industry: the private equity business. To implement this strategy, Mirabaud Asset Management has enlisted the services of Renaud Dutreil, former French Minister of Small & Medium-Sized Businesses and former Chairman of LVMH North America; he will be supported in this remit by Luc-Alban Chermette. This is the first fund dedicated to entreprises du patrimoine vivant (living heritage companies) and was launched today with a first closing of 50 million euros.

In line with the entrepreneurial approach of the Group, which was founded in 1819, Mirabaud Asset Management aims to be an innovator in the private equity business. An initial theme-based fund dedicated to entreprises du patrimoine vivant in the luxury and lifestyle sector has been successfully launched today. An initial transaction of 50 million euros was closed with the participation of top-tier private and institutional investors. Located in Paris, the team in charge of implementing the private equity strategy is headed up by Renaud Dutreil, Head of Private Equity with Mirabaud. The second and final closing of this new fund is scheduled for the end of the year on a total amount of 150 million euros.

This new offering will enable family-run SMEs that have been active not only in France but also in Switzerland, Italy and other European countries for at least 50 years to receive assistance for their international development and their innovation strategy. This assistance will be provided not only in the form of investment, but equally in strategic, legal, managerial, marketing and business advice to promote economic growth.

A successful launch

Lionel Aeschlimann, Managing Partner of the Mirabaud Group and CEO of Mirabaud Asset Management, is excited about the implementation of the private equity strategy. “It is extremely satisfying to develop a sector of activity in which we have bold ambitions and which suits us. In addition, in Renaud Dutreil we have found a top-quality professional who through his international experience, his creditability within the economic fabric of French and European SMEs, and his passion for the world and spirit of entrepreneurship will help us to offer our clients – families, entrepreneurs and institutions – first-class solutions in the field of private equity. This first theme-based product dedicated to patrimoine vivant has attracted a great deal of interest and the success of the second and final closing is already taking shape.”

For Renaud Dutreil, “the Mirabaud Group has all the characteristics investors are looking for: an international presence on a human scale, a clear and specialized positioning, a proactive management approach, a passion for investing, entrepreneurship and the business world in general, a real long-term vision, and a DNA that puts excellence and the alignment of interests at the heart of its value chain. For Luc-Alban and myself, working with Mirabaud and its almost 200 years of family and entrepreneurial history in the world of management and investment was the obvious choice. The industrial living heritage has always been my passion. In my time as Minister I was instrumental in the creation of the entreprise du patrimoine vivant label. As an investor I am determined to give these European flagships all the necessary means for a successful future.”

Renaud Dutreil, former Minister of Small & Medium-Sized Businesses, Commerce, Consumer Affairs, and Crafts and Liberal Professions within the French government (2002–2007), was Chairman of LVMH North America for four years. He has solid experience of private equity in the areas of SMEs, both within France and internationally. This experience comes from his role on the Board of Directors of the L Capital Europe fund for several years, from his responsibility within the LVMH group, and from the investments he has made in a private capacity. Within the scope of his former government functions, Renaud Dutreil was instrumental in the creation of the entreprise du patrimoine vivant label – www.patrimoine-vivant.com – as well as the Dutreil Acts facilitating the financing and transfer of SMEs in France.

Luc-Alban Chermette has over 15 years of experience in the field of private equity, involving more than forty transactions assisting SMEs of all sizes, often with excellent knowledge in a wide range of business areas. One of Luc-Alban Chermette’s most noteworthy roles was as Chairman of La Vélière Capital, a management company registered with the Financial Market Authority, between 2010 and 2016.

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Markus Hökfelt will head Almi Invest’s new Green Tech Fund

Markus Hökfelt, current Vice President at Fortum Charge & Drive, has been recruited to Almi Invest. Where he takes up August 21 in service as Fund Manager at Almi Invest’s new National Green Tech fund of 650 million.

Markus Hökfelt, who is an engineer in the ground, has built its expertise and experience from a number of senior positions at Fortum, founder of start-up companies as well as a management consultant at Accenture.

The purpose of Almi Invest Green Tech fund is to bridge the marknadsgap that exists between demand and supply of venture capital investments in innovative companies that contribute to the reduction of greenhouse gases. Fund is open for investment in a variety of areas such as renewable energy, smart grid, biogas, Agritech, advanced environmentally friendly materials, sensor networks like. Co-financiers to fund the ALMI, Almi Invest Energy Agency and the European Regional Development Fund.

At Almi Invest will also be responsible for investment in green tech area. The fund aims to invest in 50 companies until the 2023rd

I am driven by the combination of innovation, entrepreneurship and sustainability creates new business opportunities. Green Tech Fund offers great opportunities to work with some of Sweden’s most promising growth companies in the energy and environmental sector where the need for venture capital is high. We look forward to co-invest with private venture capital firms and business angels to double capital to companies and share the financial risk. The fund will be ready to invest in early growth in Q4, says Markus Hökfelt, incoming Fund Manager at Almi Invest Green Tech Fund

We are delighted to welcome Markus Hökfelt to us. In recent years we have focused more and more on the importance of sustainable investments, both at the time of investment, and as we develop the portfolio companies until the exit. With Mark’s extensive background and our new fund, we will strengthen our skills and and increase our investments in green tech area, says Mikael Karlsson, CEO Almi Invest

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Markus Hökfelt will head Almi Invest’s new Green Tech Fund

Markus Hökfelt, current Vice President at Fortum Charge & Drive, has been recruited to Almi Invest. Where he takes up August 21 in service as Fund Manager at Almi Invest’s new National Green Tech fund of 650 million.

Markus Hökfelt, who is an engineer in the ground, has built its expertise and experience from a number of senior positions at Fortum, founder of start-up companies as well as a management consultant at Accenture.

The purpose of Almi Invest Green Tech fund is to bridge the marknadsgap that exists between demand and supply of venture capital investments in innovative companies that contribute to the reduction of greenhouse gases. Fund is open for investment in a variety of areas such as renewable energy, smart grid, biogas, Agritech, advanced environmentally friendly materials, sensor networks like. Co-financiers to fund the ALMI, Almi Invest Energy Agency and the European Regional Development Fund.

At Almi Invest will also be responsible for investment in green tech area. The fund aims to invest in 50 companies until the 2023rd

I am driven by the combination of innovation, entrepreneurship and sustainability creates new business opportunities. Green Tech Fund offers great opportunities to work with some of Sweden’s most promising growth companies in the energy and environmental sector where the need for venture capital is high. We look forward to co-invest with private venture capital firms and business angels to double capital to companies and share the financial risk. The fund will be ready to invest in early growth in Q4, says Markus Hökfelt, incoming Fund Manager at Almi Invest Green Tech Fund

We are delighted to welcome Markus Hökfelt to us. In recent years we have focused more and more on the importance of sustainable investments, both at the time of investment, and as we develop the portfolio companies until the exit. With Mark’s extensive background and our new fund, we will strengthen our skills and and increase our investments in green tech area, says Mikael Karlsson, CEO Almi Invest

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Georgi Ganev appointed CEO of Kinnevik

Kinnevik

Kinnevik AB (publ) (“Kinnevik”) today announced that it has appointed Georgi Ganev as its Chief Executive Office with effect from 1 January 2018.

Chairman of the Board of Kinnevik, Tom Boardman, commented:

“In Georgi Ganev, Kinnevik will have a CEO with a keen appreciation of Kinnevik’s strategy, our markets and our companies. Georgi combines a successful track record as a CEO, taking a fast-growing digital e-commerce company public, with a solid experience from the Nordic TMT sector. I am very pleased that he has accepted the position as CEO of Kinnevik in our next phase of identifying, scaling and transforming businesses to continue to create value for our shareholders.”

Georgi Ganev commented:

“I am proud and excited to become the CEO of Kinnevik. Having started my career at Tele2, I know that Kinnevik has a unique culture and capability as a business builder. Using my operational experience that I have gained across relevant sectors I will focus on unlocking further value from Kinnevik and its portfolio companies. I also look forward to working with the Kinnevik team and the broader network of founders, boards and management teams to continue to grow the digital investment business.”

Georgi Ganev joins Kinnevik from Dustin where he has served as CEO since 2012. He is also a board member of Tele2 since 2016. Prior to Dustin Georgi was CMO at Telenor Sweden AB between 2010-2012 and CEO of Bredbandsbolaget AB 2007-2010. Between 2002 and 2007, Georgi worked within the Kinnevik Group as Sales & Marketing Director and Product Manager at Tele2. Georgi holds a MSc in Engineering in Information Technology from Uppsala University.

Joakim Andersson will remain Acting CEO of Kinnevik until Georgi Ganev assumes the position as CEO on 1 January 2018.

 

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Adelis Equity Partners Closes €600 million Second Fund

Adelis

Adelis Equity Partners Fund II has held a final close. The Fund will continue its predecessor fund’s focus on investments in the Nordic lower mid market.

Adelis Equity Partners Fund II (Adelis II) was launched in March 2017 and closed on its hard cap of €600 million on June 9, 2017. Investors include leading pension funds, foundations and fund-of-funds from Europe and North America. Adelis’ employees have committed to invest €30 million.

Adelis Equity Partners Fund I closed on SEK 3.7 billion in October of 2013 and has so far invested in twelve companies in Sweden, Denmark and Finland. These portfolio companies have in turn made more than 20 add-on acquisitions.

Adelis II will continue its predecessor fund’s successful strategy of acquiring majority interests in Nordic companies with Enterprise Values between €20 million and €200 million.

“We are grateful for the strong support from our existing investors and very pleased to have broadened our investor base with several blue chip institutions from Europe and North America” says Jan Akesson at Adelis.

Adelis received legal advise from O’Melveny Myers and Vinge in the fundraising process. Park Hill Group served as exclusive placement adviser

For further information:

Jan Akesson, Partner, +46 8 525 200 01

Adalbjörn Stefansson, Head of Investor Relations, +46 8 525 200 04

About Adelis Equity Partners

Adelis is an active investor and partner in creating value at medium sized Nordic companies. Adelis was founded in 2012 with the goal of building the leading middle market investment firm in the Nordics. Adelis’ team members have extensive Private Equity experience, have invested in over 50 companies and have been members of the board in more than 50 middle market companies. For more information please visit www.adelisequity.com .

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Ratos presents updated strategic agenda

Ratos, in conjunction with its Capital Markets Day being held today, is presenting an updated strategic agenda. Through increased value creation and earnings levels in the portfolio companies, the long-term intention is to lay the foundation for a larger part of cash-flow-generated financing of the future dividends of the Ratos share. The investment interval for new investments has been updated and the central management costs have been reduced through internal efficiency measures. Ratos has chosen six sectors to focus its acquisition and company development efforts on going forward.

Ratos’s CEO Magnus Agervald comments:

“Ratos will continue to operate under the same business concept, but with increased focus on acquisition and company development efforts within six sectors. We regard Ratos as having a unique position in the market, with our flexible investment horizon, strong brand and history, and a transparent and value-driven culture. We also have broad expertise, a large network and extensive experience in operational development,” says Ratos’s CEO Magnus Agervald.

“To gain greater flexibility to make new acquisitions, we are changing our lowest investment interval and lowering the upper interval to create a better spread of risk in the portfolio. We are working closely with our portfolio companies to take measures more quickly, but also to continue investing in and focusing on improvement programmes in the companies that we regard as having continued potential. Through higher levels of earning in our portfolio companies and through ownership of certain companies over a longer time, our long-term ambition is to be able to finance a larger portion of the Ratos share dividends through cash flow from the portfolio companies.”

“In addition to these initiatives, we have been working for some time to improve our internal processes and operations, which has enabled a reduction in our central costs. Ratos has progressed from operational management costs of SEK 261m for 2016 to the current SEK 150m on a prospective annual basis.”

Changed investment criteria
To create greater flexibility to make new acquisitions, the former lowest investment interval of SEK 250m in equity has been removed. The goal for new acquisitions is instead that the company in question must have the potential to reach SEK 0.5 billion in equity in the next five years. The upper investment interval has been lowered from SEK 5 billion in equity to SEK 2 billion in equity to create a better balance and risk spread in the portfolio.

Long-term ownership provides the opportunity to finance the Ratos share dividend
Ratos’s potential for long-term ownership is a strength in many investments, particularly partnerships in which we develop companies in cooperation with the former owners. Owning and developing profitable companies over a long period of time provides the possibility of receiving continuous cash flow from these portfolio companies. In the future, it should be possible to partly finance the dividend of Ratos’s common share using the current cash flow from the portfolio companies. Ratos will thus own certain companies for a longer time and work to reduce the debt level in the companies to enable dividends from these.

Focus on more rapid change
We are increasing our impatience of companies that do not deliver the desired results by taking measures more quickly, and continuing to invest in and focus on improvement programmes in the companies that we regard as having continued favourable potential.

To build internal structural capital and competence more effectively, Ratos has changed its working methods and the investment organisation is now structured in six sectors; Business Services, Construction, Consumer/Retail/Leisure, Healthcare/Lifescience, Industrials and TMT (Technology, Media, Telecom). Ratos has also launched a number of operational focus areas to effectively support the development of the companies. Such examples are Purchasing, Digitalisation and Sustainability.

Ratos’s central costs
In the past year, Ratos’s central organisation has undergone efficiency enhancements, which has led to a smaller organisation and, accordingly, reduced central operational management costs. Ratos’s operational management costs are expected to be approximately SEK 150m on an annual basis in the future (compared with SEK 261m for 2016) excluding transaction and financing costs.

The presentations at today’s capital markets day are available at www.ratos.se

For further information, please contact:
Magnus Agervald, CEO Ratos, +46 8 700 17 00
Helene Gustafsson, Head of IR & Press, +46 8 700 17 98

– See more at: http://www.ratos.se/en/Press/Press-releases/2017/Ratos-AB-Ratos-presents-updated-strategic-agenda/#sthash.NQMxZeV8.dpuf

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Eurazeo welcomes the Decaux family as a shareholder with 15.4% of its capital.

Eurazeo is pleased to announce that the entire 15.4% stake in Eurazeo, previously held by Crédit Agricole SA, has been acquired by the Decaux family through its investment vehicle, JCDecaux Holding.

This transaction underlines the attractiveness of Eurazeo, one of Europe’s leading listed investment companies, at a time when the company has accelerated its strategic development through a number of significant initiatives, notably in international markets. Eurazeo has thus demonstrated, through its performance in recent years, its capacity to create value over the long-term through its specific business model, the quality of its teams and the companies in which it is a shareholder. The investment by the new shareholder confirms the relevance of Eurazeo’s strategy and the potential for appreciation of its portfolio.

The investment is based on a spirit of long-term shareholder commitment and embodies respect for the values of independence and sustainable value creation.

This transaction, which also includes a governance agreement, consolidates Eurazeo’s independence which has long been founded on a stable core of entrepreneurial and family shareholders.

Michel David-Weill, Chairman of Eurazeo’s Supervisory Board, said: “We are very pleased to welcome the Decaux family as a new core shareholder, with whom we share the same strategic vision, the same entrepreneurial DNA and the same Commitment to Eurazeo’s independent model.

We are grateful to Crédit Agricole for its support over the last 20 years.”

Patrick Sayer, CEO of Eurazeo, added: “With the support of a shareholder of the quality of the Decaux family, Eurazeo will continue to ramp up its unique strategy, helping to grow and transform its companies and creating value for its shareholders.” Jean-Charles Decaux, Chairman of JCDecaux Holding, said:

“We are especially pleased to be able to accompany Eurazeo in the long term and to participate in the acceleration of its development.

This significant investment bears witness to our conviction that Eurazeo has the potential to grow, thanks to the quality of its strategy and its management.”

Governance agreement In light of the long-term nature of JC Decaux Holding’s investment, the transaction will include a governance agreement between JCDecaux Holding and Eurazeo, to take effect upon the acquisition of Crédit Agricole SA’s stake, in order to consolidate Eurazeo’s independence which has long been founded on a stable core of entrepreneurial and family shareholders. This governance agreement, which will last 10 years, provides for the nomination of two JCDecaux Holding representatives to the Eurazeo Supervisory Board. These representatives will also be proposed as members of the Compensation Committee and the Audit Committee. In addition, one of them will be proposed as Vice-Chairman of the Finance Committee.

JCDecaux Holding will respect a 23% cap on its holding in Eurazeo subject to certain termination events and exceptions.

In addition, any possible sale of the Eurazeo stock held by JCDecaux Holding will be covered, except in certain cases, by a three-year lock-up. Finally, after those three years, any subsequent sale will be governed by apriority negotiating rights mechanism and a right of first refusal for Eurazeo. The main requirements of the agreement will be the subject of a notification to the AMF, which will publish a summary in line with the applicable regulations.

About Eurazeo

With a diversified portfolio of approximately €6 billion euros in diversified assets and €1 billion in assets under management, Eurazeo is one of the leading listed investment companies in Europe. Its purpose and mission is to identify, accelerate and enhance the transformation potential of the companies in which it invests. The Company covers most private equity segments through its five business divisions- Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo Brands.

Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term. Eurazeo is a shareholder in AccorHotels, ANF Immobilier, Asmodee, CIFA, Desigual, Elis, Europcar, Fintrax, Grape Hospitality, Les Petits Chaperons Rouges, Moncler, Neovia, Novacap, Sommet Education, and also SMEs such as Péters Surgical, and Flash Europe International, as well as start-ups such as Farfetch and Vestiaire Collective.

Eurazeo is listed on Euronext Paris.

 

 

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Partners Group raises over EUR 1 billion for innovative multi-asset credit program;continues to see strong deal flow in the corporate and asset-backed middle market

Partners Group

Baar-Zug, Switzerland,6 June 2017

Partners Group raises over EUR 1 billion for innovative multi-asset credit program;continues to see strong deal flow in the corporate and asset-backed middle market.

Partners Group, the global private markets investment manager, has raised over EUR 1 billion for the latest offering in its Multi-Asset Credit (MAC) series of investment programs.

The capital was raised via the firm’s third dedicated comingled MAC program, MAC 2016 (III), as well as a number of separate client mandates. Partners Group’s global MAC investment strategy provides investors with comprehensive exposure to corporate and asset-backed private markets debt.

The strategy focuses on senior secured debt and aims to generate attractive risk-adjusted returns within a relatively short build-up period compared to traditional private market credit offerings.

The MAC strategy was first launched in 2014 as a complement to the firm’s long-running corporate credit-focused Private Markets Credit Strategies series of investment programs.

At the time of its final close, MAC 2016 (III) had already been committed to over 30 credits across a diverse range of sectors and regions.

Corporate investments include Diligent, a US-headquartered global provider of online collaboration tools for company boards and leadership teams ;

Claranet, a leading UK-based managed IT services provider; as well as Loungers, a fast-growing UK-based operator of café-bars in the casual dining sector. Asset-backed investments include the debt financing of a mixed use real estate site in the City of London.

Christopher Bone,Managing Director and Head of Private Debt Europe at Partners Group, comments:

“The MAC series of programs has proven to be an attractive offering for our clients who want broad access to private credit with attractive risk-adjusted returns. We continue to see excellent relative value in the mid-market globally. Our proven arranging capabilities, coupled with global reach, mean that we are able to find and access great assets to invest in on behalf of our clients.”

Scott Essex, Partner and Co-Head of Private Debt at Partners Group, states: “We continue to see strong appetite for our private debt offerings from institutional investors searching for yield at a time when traditional fixed income investments are still offering low to negative yields. Combined, our range of private debt programs and mandates allow clients to access the full spectrum of private market credit opportunities.”

About Partners Group

Partners Group is a global private markets investment management firm with over EUR 54 billion (USD 57 billion) in investment programs under management in private equity, private real estate,

private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, Denver, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Manila, Shanghai, Seoul, Tokyo and Sydney.

The firm employs over 900 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees.

 

www.partnersgroup.com

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Johan Van de Steen joins IK Investment Partners

ik-investment-partners

Johan Van de Steen joins IK Investment Partners

IK Investment Partners (“IK”), a leading Pan-European private equity firm, is pleased to announce that Johan Van de Steen has joined the firm as Operating Partner as of April 2017. Johan will head IK’s Strategy, Operations and Business Control (SOBC) team.

Johan Van de Steen, 51, has substantial hands-on industrial experience, acquired over more than two decades in the corporate, management consulting and private equity environments. He began his career in industry, working for Siemens before joining McKinsey & Company as a strategy consultant.  He then became one of the founding European team members of KKR Capstone. Johan spent 15 years in private equity before joining IK.

In total, Johan brings more than 23 years of operating experience to IK. He will work closely with IK investment professionals and management teams to support IK’s existing portfolio companies to reach their full potential.

Johan holds a Master of Business Administration from INSEAD in France and a Master of Science degree in Electronics Engineering from Katholieke Universiteit Leuven in Belgium.

“Johan has a unique background with an exceptional toolkit of operational skills, a vast network of industrial contacts and a firm command of several European languages. As such, he is particularly well fitted to contribute to IK’s active ownership model. We are looking forward to taking a further step in sharpening our firm’s operational skill set,” said Christopher Masek, CEO of IK Investment Partners.

“I was very much attracted to IK’s strong operational focus and hands-on approach as they partner with management teams to help businesses grow and expand. I look forward to collaborating closely with the investment teams and the companies across IK’s portfolio,” said Johan Van de Steen, Operating Partner at IK Investment Partners.

For further questions, please contact:

IK Investment Partners
Christopher Masek, CEO
Phone: +44 207 304 4300

Mikaela Hedborg
Director Communications & ESG
Phone: +44 77 87 573 566
mikaela.hedborg@ikinvest.com

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €9 billion of capital and invested in over 100 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com

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IK Investment Partners opens Amsterdam office

ik-investment-partners

IK Investment Partners opens Amsterdam office

IK Investment Partners (“IK”), a leading Pan-European private equity firm, announces today that it has opened an office in Amsterdam at UNStudio, 13th floor, Gustav Mahlerlaan 350, 1082 ME Amsterdam.

The Amsterdam office will be led by Partner and Head of Benelux, Remko Hilhorst who has been with IK since 2001. In addition to the existing mid cap team, consisting of a total of six investment professionals, IK is extending its small cap strategy and establishing a Benelux-dedicated team. Together, the two Amsterdam-based teams will focus on investments with enterprise values of up to €500m, partnering with entrepreneurs who are looking for support to help them achieve the next stage of their company’s growth and development.

IK has been present in the Benelux region since 1995 and has completed thirteen successful investments during this time. IK’s current portfolio includes four companies in the Benelux region including CID LINES, the dedicated supplier of innovative hygiene solutions, Salad Signature, the leading producer of spreadable salads, Ampelmann, the global market leader in offshore access and DGI, a leading supplier of power, motion and control solution for the oil & gas, maritime and high-end machine building industries. Having an office and teams located in the region will allow IK to better help companies to achieve their growth plans.

To date, over €1bn has been invested into the Benelux region through IK’s funds. In recent years, IK has been one of the most active regional players with notable transactions including Vemedia, the market leader of OTC drugs which was sold to Cooper last year, Wehkamp, one of Holland’s leading online retailers, Magotteaux, the leading manufacturer of cast wear parts for cement and mining industries and fund administrator Vistra, amongst many others.

Remko Hilhorst, Partner and Head of Benelux at IK Investment Partners said:
“We are excited to announce the opening of our Amsterdam office. Ever since IK’s inception in 1989, we identified the Benelux as a unique region fertile with investment opportunities thanks to the number of entrepreneurs and family-owned businesses which operate here. We are particularly pleased to have both a mid cap and small cap practice operating on the ground, allowing the firm to capitalise on the synergies which are present in the market and giving the teams a superb investing platform from which to execute transactions.”

Christopher Masek, Partner and CEO at IK Investment Partners said:
“Our strategy remains focused on partnering with ambitious management teams and growth businesses, and helping them realising their full potential. Given the success IK has seen with its investments in the Benelux over the years, we look forward to further building on our track record and supporting the local business community.”

For further questions, please contact:

IK Investment Partners
Remko Hilhorst, Partner
Phone: +44 207 304 4300

Mikaela Hedborg
Director Communications & ESG
Phone: +44 77 87 573 566
mikaela.hedborg@ikinvest.com

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €9 billion of capital and invested in over 100 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well positioned businesses with excellent long-term prospects. For more information, visit http://www.ikinvest.com

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