IK Investment Partners (“IK”) has signed an agreement to sell Etanco, the French market leader in the design, manufacturing and distribution of building fasteners and fixing systems to 3i and funds managed by 3i. The management team remains committed to the business, with CEO Ronan Lebraut re-investing alongside 3i and retaining a 25% stake in the company. Financial terms of the transaction were not disclosed.
IK Investment Partners (“IK”) has reached an agreement with Cube Infrastructure, the French infrastructure and public services investment fund manager to divest Idex, France’s largest independent energy and environmental services company. Financial details for the deal were not disclosed.
The IK Finnish-American Scholarship has been granted to Iiro Kulvik, a 24-year-old Bachelor of Science from Espoo, Finland. Iiro will use the scholarship to become one of the first Finnish Master’s students at the prestigious Stanford University.