Current investments

  Exxelia Group
Country

France

Sector

Industrial goods

Acq. date

Dec/14

Exxelia Group

Exxelia Group is a leading designer and manufacturer of customised passive components. For more than 50 years, Exxelia has been developing products with the highest level of reliability to meet the requirements of aerospace, defence, rail, medical, oil & gas and telecommunications blue-chip customers. The group’s ability to produce products that combine extreme technical performance, quality and flawless reliability has established Exxelia as an international leader within its field.

Exxelia Group markets its products under various brands to reflect its multi-technology positioning: Eurofarad, Dearborn, Microspire, Firadec, Sic Safco, Temex Ceramics, Astema and Vertura. All together the group employs over 1,200 employees, and operates in Europe, the US, Asia and Africa.

Exxelia is headquarted in Paris, France.

Country

France

Value creation strategy
  • Focus on continued internationalisation of the group
  • Increase penetration in the US and expand the footprint in Asia
  • Buy and build opportunity to consolidate the market
Investment history
  • Acquired in December 2014 from LBO France
Website

www.exxelia.com

  Transnorm
Country

Germany

Sector

Industrial goods

Acq. date

Dec/14

Transnorm

Transnorm is a global market leader for high performance conveying modules and components that are used in diverse end markets such as the parcel, distribution/e-commerce and airports industries.

Founded in 1957, Transnorm manufactures high performance conveying components that are integral to many highly sophisticated automated systems. Historically best known for its belt curves, Transnorm’s various products are now used in many high-speed distribution systems, parcel centers and in airport baggage handling systems across the globe. The Transnorm Group covers one of the most attractive segments of the automated logistics value chain, benefiting from long-term global growth trends such as e-commerce.

Headquartered in Harsum, Germany, the Group has additional overseas manufacturing entities in Arlington (Texas, USA) as well as in Kluang (Malaysia).

Country

Germany

Value creation strategy
  • International expansion with continued growth in Asia-Pacific and North America
  • Continued focus on product innovation
  • Development of the aftermarket business
Investment history
  • Acquired in December 2014 from Equita
  Ramudden
Country

Sweden

Sector

Business services

Acq. date

Jun/14

Ramudden

Ramudden is a leading specialist provider of temporary traffic control services in the Nordic region, operating through a network of more than 60 depots. The company, which was founded in 2005, is a leading player in the Swedish market and is also present in Norway (since 2009) and Finland (since 2012).

Ramudden’s products and services include the rental of essential temporary traffic control equipment (such as traffic barriers and guide signs), traffic arrangement plans, education programmes, and surveillance and maintenance services. Key customers include civil engineering contractors and construction companies.

Ramudden is headquartered in Gävle and Sundsvall, Sweden.

Country

Sweden

Value creation strategy
  • Organic growth in existing locations driven by strong underlying market trends
  • Expansion of presence in current and new markets
  • Operational improvements
  • Selected add-on acquisitions
Investment history
  • Acquired in June 2014
Website

www.ramudden.se

  VPS
Country

Norway/Netherlands

Sector

Business services

Acq. date

Oct/13

Veritas petroleum services (VPS)

VPS is a leading provider of fuel testing and inspection services, working with ship owners, managers, charterers and other customers around the world. IK acquired VPS as a carve out from Norwegian company DNV (Det Norske Veritas Group).

The company operates within two main segments, Fuel Quality Testing (FQT) and Bunker Quantity Surveys (BQS).

With four fuel laboratories strategically located in Fujairah, Houston, Rotterdam and Singapore, and with access to 150 key ports worldwide for bunker quantity surveys as well as round-the-clock technical assistance. VPS has the expertise and infrastructure to provide ship owners with cost-efficient fuel solutions and ensure compliance with regulatory requirements. Known and respected throughout the maritime industry, it has a commanding market share in its niche and operates in an expanding industry with an attractive and scalable business model.

VPS is headquartered in Rotterdam, Netherlands. 

Country

Norway/Netherlands

Value creation strategy
  • Realising significant cost savings post separation from DNV
  •   Increase lab efficiency and optimise cost structure
  • Target additional potential from entering into adjacent service areas and customer segments organically as well as through add-on acquisitions
Investment history
  • Acquired in October 2013
  Ampelmann
Country

Netherlands

Sector

Industrial goods

Acq. date

Aug/13

Ampelmann

Ampelmann is a high-tech offshore company focusing on development, construction and rental of offshore access solutions. The company was founded in 2008 as a spin-off of the Delft University of Technology.

The core technology is the Ampelmann system, a motion compensated gangway system that allows easy, fast and safe access from a moving vessel to offshore structures, even in high wave conditions. With a doubling of the fleet every year since 2008, Ampelmann currently operates approximately 20 systems world-wide transferring offshore crew from various types of vessels to offshore oil & gas platforms, offshore turbines, FPSO's and all other fixed and floating structures at sea.

Ampelmann  is headquartered in Delft,  Netherlands.

Country

Netherlands

Value creation strategy
  • Institutionalise the business
  • Increase organic growth
  • Expansion among existing client base
  • Increase penetration in overseas markets
Investment history
  • Acquired in August 2013
  Hansen Protection
Country

Norway

Sector

Business services

Acq. date

Jul/13

Hansen Protection

Hansen Protection AS is a leading provider of specialist survival suits for extreme weather conditions and sole provider of rental transport suits to energy companies in the Norwegian Continental Shelf region.

The company operates a rental and service model based out of six helicopter sites in Norway, one in Denmark and two in Canada. Additional business activities include specialised survival suits for personal protection (immersion suits, work suits, life jackets), specialty textile products, mainly for the oil and gas, defence and agriculture segment, and marine products such as boat canopies.

Hansen Protection is headquartered in Moss, Norway.

Country

Norway

Value creation strategy
  • Continue growth of the rental business
  • Develop growth strategy for the personal protection business
  • Re-focus special products to oil services and execute pricing initiatives
Investment history
  • Acquired in July 2013
  Vemedia
Country

Belgium

Sector

Care

Acq. date

Dec/12

Vemedia

Vemedia develops, produces and sells owned, branded OTC (Over-The-Counter) pharmaceuticals in selected European countries.

Vemedia is the market leader in the calming & sleeping self-medication in Europe with strong market positions in the Netherlands, Portugal, Italy and Spain with its Valdispert and Sleepzz brands. In addition, the Company has strong positions with Excilor brand in medicated footcare. Vemedia is the largest self-medication company in the Netherlands, in part through its vitamin brands Dagravit, Roter and Optimax.

Vemedia is headquartered in Diemen, the Netherlands.

Country

Belgium

Value creation strategy
  • Increase organic growth through new product development
  • Expansion into selected European countries
  • Execute a focused consolidation strategy in the fragmented OTC market
Investment history
  • Acquired in December 2012
  Unipex Group
Country

France

Sector

Consumer goods

Acq. date

Sep/12

Unipex Group

Unipex Group is a leading global manufacturer and distributor of natural active ingredients and specialty chemicals for the cosmetic, pharmaceutical, nutrition and industrial sectors.

It is also active in the areas of vigilance and consumer testing through its Iris division. Its distribution and marketing network serves more than 50 countries in North America, Europe and Asia.

The Group employs 190 people and has six offices across North America and Europe.

Country

France

Value creation strategy
  • Expand the Group’s offering and leverage its market positioning
  • Expansion through selective add-on acquisitions
Investment history
  • Acquired in September 2012
  Actic
Country

Sweden

Sector

Consumer goods

Acq. date

Aug/12

Actic

Actic (formerly Nautilus Gym) is a leading low to mid market Nordic health and fitness club chain with over 140 clubs and more than 200,000 members in six countries.

The company's vision is to create a healthier society by inspiring people to better health and increased well-being. Actic's geographical focus markets are Sweden, Norway and Germany, but the company is also present in Finland, Iceland and Austria.

Actic is headquartered in Stockholm, Sweden.

Country

Sweden

Value creation strategy
  • Organic growth driven by structural market growth and via leveraging of strong market position
  • Operational improvements
  • Selected add-on acquisitions and entry into new markets
Investment history
  • Acquired in August 2012
  Trigo Group
Country

France

Sector

Business services

Acq. date

Aug/11

Trigo Group

Trigo is a world leading provider of components quality inspection and conformity upgrade services.

Trigo’s main activity is to provide quality inspection services to automotive original equipment manufacturers (“OEMs”) on behalf of their suppliers. The company is the clear market leader in France, Hungary, China and India, with rapidly expanding operations across Western Europe, Central and Eastern Europe, Russia, Asia and Turkey.

Headquartered in Nanterre (France), Trigo employs more than 3,500 people, located in 140 sites, to service 6,000 clients worldwide, including the major industrial players in the automotive, aeronautics and railway transportation sectors.

Country

France

Value creation strategy
  • Organic growth via leveraging strong market position
  • Develop the service range and diversify the offering to cover other industries
  • International expansion
Investment history
  • Acquired in August 2011
  DGI Group
Country

Netherlands

Sector

Industrial goods

Acq. date

Aug/11

DGI Group

In the field of hydraulics, pneumatics, instrumentation and controls, DGI Group has built up a leading position in the Oil & Gas, Maritime & Dredging and High-End Machine Building industries. Because of its specific knowledge and effective working method, DGI supplies worldwide on request for many tier 1 clients the complete management for their projects: from advising, customer specific system engineering & procurement to installing, commissioning and maintenance.

Since 1879 DGI has grown into a modern, innovative company with branches in the Netherlands (headquarter), Europe, the US, Middle East and Asia.

Country

Netherlands

Value creation strategy
  • Organic growth via leveraging of strong market position in growth markets
  • International expansion through organic growth and add-on acquisitions
  • Improvement of end market focus with realisation of associated cost efficiencies
Investment history
  • Acquired in September 2011
  Solina Group
Country

France

Sector

Consumer goods

Acq. date

Jul/11

Solina Group

Solina designs and produces ingredient-based functional and culinary solutions for the food industry. The company operates in four business areas: taste solutions (aromatic ingredients), meat solutions (functional ingredients), nutrition (dietetic ingredients) and food service.

Solina has four production sites and serves 4,000 clients in the food industry in France and throughout Europe with a wide range of products combining texture and taste. Clients include food industrialists, catering firms and mass distribution companies.

The company is headquartered in Bréal-sous-Montfort, near Rennes in France.

Country

France

Value creation strategy
  • Organic growth via leveraging strong market position
  • Develop the existing product range and to launch new products
  • International expansion
Investment history
  • Acquired in July 2011
  Agros Nova
Country

Poland

Sector

Consumer goods

Acq. date

Aug/10

Agros Nova

Headquartered in Warsaw, Agros Nova is a top three player in all three of its operational business segments, comprising fruit and vegetable reserves, ready-made food and non-carbonated beverages.

The company operates its manufacturing plants in central Poland, offering a wide range of quality products to all major retail outlets across the country.

Agros Nova is the market leader in both the fruit and vegetable preserves and ready-made food segments including jams, ketchup, tomato paste, sauces, ready meals, soups and frozen foods. The company also ranks third in the non-carbonated beverages market including juices, nectars and fruit drinks.

Country

Poland

Value creation strategy
  • Organic growth via leveraging the portfolio of strong consumer brands
  • Operational improvement
  • Buy and build opportunity to consolidate the market
Investment history
  • Acquired in August 2010
  Colosseum Dental
Country

Norway

Sector

Care

Acq. date

Jul/10

Colosseum Dental

Colosseum is the leading provider of private dental care in Scandinavia. The company currently operates clinics in Norway, Sweden and Denmark, offering a range of services from basic dental care to specialist surgery.

Colosseum’s business model allows dental professionals to fully focus on the provision of dental care in a flexible and stimulating working environment, supported by centralised support functions.

Colosseum is headquartered in Oslo, Norway.

Country

Norway

Value creation strategy
  • Add-on acquisitions in Scandinavian dental care market
  • Operational improvements
Investment history
  • Acquired in July 2010
  OV Group (Vistra/OIL)
Country

Luxembourg

Sector

Business services

Acq. date

Oct/09

OV Group (Vistra/OIL)

OV Group (Vistra/OIL) is a global independent provider of trust, fiduciary, corporate and fund services delivering personal and tailored solutions to international corporations, institutional investors and high net worth individuals and their families.

In 2011 Vistra became a global leader in the trust and corporate services sector following its merger with the Asian market leader, Offshore Incorporations Group, in a transformational deal which has doubled the size of the group and provided the opportunity to cross-sell corporate services on a truly international basis.

Through its Vistra brand, the group is a leading, global, independent provider of trust, corporate and fund services delivering personal and tailored solutions to international corporations and high net worth individuals (“retail”). Under the OIL brand, the group is the largest offshore company formation and services specialist in the world, with a renewal base of over 100,000 companies and serving clients a comprehensive range of corporate formation and management services (“wholesale”).

OIL is headquartered in Hongkong and over 20 offices across the world.

Country

Luxembourg

Value creation strategy
  • International expansion
  • Expansion into new service areas
  • Focus on operational excellence
Investment history
  • Acquired in August 2009
  Axtone
Country

Poland

Sector

Industrial goods

Acq. date

Oct/08

Axtone

Axtone is Europe’s largest manufacturer of buffers, draw-gear devices and related components for rail and metro vehicles and rail infrastructure. In addition the company offers the complete service of buffers being fully responsible for their servicing and logistic maintenance.  With over 200 product certificates, Axtone supplies all major rail operators and wagon manufactures in Europe and selected markets around the world.

The company is headquartered in Kanczuga, Poland and manufactures its products in five locations: in Poland, Germany, Czech Republic, Russia and China.

Country

Poland

Value creation strategy
  • International expansion
  • Focus on operational excellence
  • Selective add-on acquisitions
Investment history
  • Acquired in October 2008
  Schenck Process
Country

Germany

Sector

Industrial goods

Acq. date

Oct/07

Schenck Process

Schenck Process is one of the global market-leading providers of industrial weighing, feeding, screening and automation equipment and solutions. It has significant operations in Europe, North and South America, China and Australia and serves a diversified customer base across a wide range of International Business Segments (IBS), including Heavy, Light, Mining Power and Transport Automation.

Schenck Process is headquartered in Darmstadt, Germany.

Country

Germany

Value creation strategy
  • Leverage strong organic growth
  • Focus on operational excellence and international expansion
  • Selective add-on acquisitions
Investment history
  • Acquired in October 2007
  Attendo
Country

Sweden

Sector

Care

Acq. date

Jan/07

Attendo

Attendo is the leading Nordic provider of outsourced social and health care. In Sweden, Norway and Denmark, Attendo Care provides social care to more than 10,000 clients. In Finland, Attendo MedOne is the leading outsourcing provider in social and health care. The primary customers are local authorities that purchase services from Attendo.

Attendo is headquartered in Stockholm, Sweden.

Country

Sweden

Value creation strategy
  • Leverage strong organic growth
  • Focus on international expansion
  • Selective add-on acquisitions
Investment history
  • Acquired in January 2007
  Sport Group
Country

Germany

Sector

Industrial goods

Acq. date

May/06

Sport Group

Sport Group is a worldwide market leader of outdoor sport and recreational surface systems. Sport Group installs artificial turf fields and tracks (both running tracks and multi-purpose surfaces) and manufactures all system critical components in-house.

Sport Group has three main product groups (artificial turf, tracks and playground) used in a variety of applications. The business benefits from its unique system competence, leading technology and a strong market position, especially in Germany. The company successfully expanded its operations internationally through four add-on acquisitions in recent years and therefore strengthened its product and brand portfolio as well as its geographical presence.

Sport Group is headquartered in Burgheim, Germany.

Country

Germany

Value creation strategy
  • Leverage strong organic growth
  • Focus on international expansion
Investment history
  • Acquired in May 2006
  Kwintet
Country

Denmark

Sector

Industrial goods

Acq. date

Dec/05

Kwintet

Kwintet is the European market leader in the top-to-toe work wear with a range of strong brands and a reputation for quality amongst its customers throughout Europe. The Kwintet group supplies high-quality professional wear for a variety of uses and industries across Europe, and owns a range of strong brands including Kansas, Fristads, Wenaas and Hejco.

The company is headquartered in Malmö, Sweden.

Country

Denmark

Value creation strategy
  • Improve sourcing and logistics setup
  • Enhance product offering through increased focus on corporate and profile wear
  • Further consolidation of the European work wear market
Investment history
  • Acquired in December 2005