Current investments

  Innovad
Country

Belgium

Sector

Consumer goods / Food

Acq. date

Apr/21

Innovad

Innovad is a global supplier of animal health and nutrition solutions, primarily targeting the monogastric (pigs and poultry) as well as the ruminant segments. The Company offers a broad array of both welfare and technological additives, fulfilling a wide range of needs across the animal nutrition and health spectrum through comprehensive health programmes as well as by enhancing feed quality. Innovad is predominantly active in the premium intestinal health and mycotoxin stress control segments through an innovative offering. It is furthermore also present in the preservatives, digestive aids, feed attractants and pigments categories.

The Company employs over 100 people globally, including veterinarians and nutritionists who partner with customers to develop tailored solutions to improve the health of livestock.

The investment was acquired from the Company’s Co-Founder and Chief Executive Officer, with the remaining management investing alongside IK Partners.

Country

Belgium

Value creation strategy
Investment history
  • The IK IX Fund acquired Innovad from management in April 2021.
  Skill & You
Country

France

Sector

Consumer goods / Food

Acq. date

Mar/21

Skill & You

Skill & You is a high-growth leader in online vocational learning in France and Spain, providing online courses in a wide range of fields. S&Y focuses on educational content, supported by a tech platform and a coaching system to ensure a high success rate for its students. 

Country

France

Value creation strategy
Investment history
  • The IK IX Fund acquired Skill & You from Andera Partners in March 2021
  Valoria
Country

France

Sector

Business services

Acq. date

Jan/21

Valoria

Founded in 2012 by serial financial services entrepreneur, Romain Lefèvre, Valoria serves several thousand customers offering a diversified range of saving products from a wide panel of leading asset managers and will manage over one billion Euros of assets under management by 2021.

Country

France

Value creation strategy
Investment history
  • The IK Small Cap II Fund acquired Valoria from the founders in January 2021.
  LSA
Country

France

Sector

Business services

Acq. date

Jan/21

LSA

Founded in 1970, LSA is a leading online insurance brokerage platform providing Property & Casualty (P&C) cover for individuals and small businesses in France. The Company specialises in automotive insurance products for non-standard risks, leveraging the prominence of its main brand Assurpeople.com and its fully digital customer experience. LSA covers the whole value chain of insurance products, including acquisition, subscription, contract and claim management through its proprietary IT platform.

Country

France

Value creation strategy
Investment history
  • The IK Small Cap II Fund acquired LSA from BlackFin Capital Partners in January 2021.
  Kersia
Country

France

Sector

Healthcare

Acq. date

Dec/20

Kersia

Kersia was formed as a new company in 2016 after Hypred acquired Antigerm, LCB Food Safety, G3, Kilco, Choisy Laboratories and Holchem, with each acquisition carefully chosen for their complementary technologies, leading market positions, and business expertise. The Company has tripled in size in less than four years.

Country

France

Value creation strategy
Investment history
  • The IK IX Fund acquired Kersia from Ardian in December 2020.
  Questel IX
Country

France

Sector

Business services

Acq. date

Dec/20

Questel IX

Questel is a major intellectual property solutions provider that operates worldwide, developing SaaS products and an automated brand services and patent filing platform. The company works with close to 6,000 clients, including a number of large multinationals, offering end-to-end collaborative patent and brand management solutions across the innovation and intellectual property cycle, from invention, through to filing and renewal.

Country

France

Value creation strategy
Investment history
  GeoDynamics
Country

Belgium

Sector

Business services

Acq. date

Dec/20

GeoDynamics

GeoDynamics was founded in 2004 and is headquartered in Kortrijk, Belgium. The Company’s software solutions serve over 2,700 customers across construction, utilities, technical and manufacturing services, in addition to local municipalities. The proprietary cloud-based platform allows customers to manage their vehicle fleets in real-time and account for mobile workers’ time and activity registration.

Country

Belgium

Value creation strategy
Investment history
  • The IK Small Cap II Fund acquired GeoDynamics from Sofindev in December 2020
  ALBA
Country

Germany

Sector

Business services

Acq. date

Nov/20

ALBA

Founded in 1964 by Albert and Hans Baving in Neuenkirchen, ALBA has developed into one of Germany’s largest service providers for municipal infrastructure services. The Company provides street sweeping, sink box cleaning, road and highway maintenance and other infrastructure services as well as winter and greenspace maintenance and swept material recycling services. ALBA sweeps more than 2,000 kilometres of road per day in over 120 German cities and municipalities, cleans over 500,000 sink boxes annually, and contributes to the maintenance, cleanliness and safety of critical infrastructure for municipalities and B2B customers. IK will be acquiring a majority stake from Dr. Jörg Baving and Claus Baving who became shareholders and took roles as Managing Partners after a generational change in 1999. Today the business is led by CEO Philipp Wernsmann, and following the transaction, Dr. Jörg Baving and Claus Baving will continue to support ALBA in an advisory role.

Country

Germany

Value creation strategy
Investment history
  • The IK Small Cap II Fund acquired ALBA from the founding family in November 2020.
  You Sure
Country

Netherlands

Sector

Business services

Acq. date

Nov/20

You Sure

You Sure is a leading Dutch insurance distribution platform, providing insurance to small businesses and individuals. Operating mainly in the Property and Casualty (“P&C”) segment, You Sure acts both as an insurance broker and a Managing General Agent (“MGA”), and currently serves over 60,000 customers.

Country

Netherlands

Value creation strategy
Investment history
  • The IK Small Cap II Fund acquired You Sure from Synergia Capital Partners in November 2020.
  Forthglade
Country

United Kingdom

Sector

Consumer goods / Food

Acq. date

Aug/20

Forthglade

Forthglade is a fast-growing natural pet food brand producing premium wet and dry dog food and treats.

Based in Devon, Forthglade was founded in 1971 and employs over 130 people in the UK, distributing across supermarkets, independent specialist pet retailers and online retailers, including its own website.

The Company’s award-winning recipes are valued by customers for their natural ingredients, high meat content, gentle cooking methods, and grain free recipes. Forthglade was founded in 1971 and has been led by Gerard Lovell and Chris Brooking since their management buyout in 2011.

Country

United Kingdom

Value creation strategy
Investment history
  • The IK Small Cap II Fund acquired Forthglade from Piper in August 2020.
  MDT Technologies
Country

Germany

Sector

Engineered products

Acq. date

Mar/20

MDT Technologies

MDT is a leading manufacturer of building automation products based on the KNX standard.

Having entered the KNX market in 2009, MDT has become a leading manufacturer of smart building components, enabling the automation and control of multiple functions including heating, ventilation and lighting in both residential and commercial buildings.

MDT offers a full range of innovative KNX components distributed mainly through electrical wholesalers in Germany. The attractive end-customer proposition has helped MDT to continuously outgrow the market and become one of the leaders in the KNX-field.

Country

Germany

Value creation strategy
Investment history
  • The IK VII Fund acquired MDT Technologies in March 2020
  Acture Groep
Country

Netherlands

Sector

Business services

Acq. date

Mar/20

Acture Groep

Acture Groep is a unique collective of innovative businesses providing specialised outsourced services to Dutch corporates and temporary staffing agencies to manage cases of illness or disability in their workforces.

The company was founded by current CEO, Maudie Derks, and two other co-founders in 2008 with the purpose of reducing absenteeism and employer costs amidst the complex and evolving Dutch social security system.

Country

Netherlands

Value creation strategy
Investment history
  • The IK Small Cap II Fund acquired a stake in the business from the founders in March 2020
  Ondal Medical Systems
Country

Germany

Sector

Healthcare

Acq. date

Jan/20

Ondal Medical Systems

Ondal is a leading Original Design Manufacturer (“ODM”) of medical pendant systems used mainly in operating rooms and intensive care units.

Founded in 1945, Ondal has become the global #1 provider of medical pendant systems. With its innovative and broad product portfolio applied in settings such as operating rooms, intensive care units as well as diagnostic and imaging rooms, Ondal sets the global quality standard for medical pendant systems in terms of reliability, functionality and usability. Products manufactured by Ondal are internationally certified in various regulated markets, ensuring compliance with the highest quality standards.

Headquartered in Hünfeld, Ondal operates three strategically located manufacturing sites in Germany, the US and China, employing over 500 people.

Country

Germany

Value creation strategy
  • Continued organic growth of light and medium duty and monitor carrier system segments driven by the roll-out of the updated, VALiA prodict portfolio
  • Capture new business from blue-chip MedTech companies moving to outsource heavy duty products
  • Execution of buy-and-build strategy to become a sub-system provider by entering other medical pendant systems and adjacent areas such as examination lights
Investment history
  • The IK VIII Fund acquired Ondal Medical Systems from Capvis in January 2020
  Mabtech
Country

Sweden

Sector

Healthcare

Acq. date

Dec/19

Mabtech

Mabtech is a biotech company specialising in immune monitoring and is recognised for its high quality antibodies and technical innovation.

Founded in Sweden in 1986, Mabtech has gained worldwide recognition for its high quality monoclonal antibodies and technical innovation capabilities and is viewed as a pioneer within the growing detection platform techniques of ELISpot and FluoroSpot. To complement its offering, the Company successfully entered the instruments market by launching its first reader, IRIS, in December 2018. Mabtech’s products are used by researchers and companies worldwide to study immune responses in e.g. cancer, allergy, infectious diseases as well as to monitor vaccine trials.

Country

Sweden

Value creation strategy
  • Capitalise on structural growth drivers in Mabtech’s niche market where its leadership position provides opportunity to outgrow the fast growing antibody market
  • Expand current offering by adapting existing antibodies to alternative test methods
  • Accelerate international growth, especially in China and the US
  • Strengthen commercial focus and sales organisation
Investment history
  • The IK Small Cap II Fund acquired Mabtech from the founders in December 2019
  LAP Laser
Country

Germany

Sector

Healthcare

Acq. date

Jul/19

LAP Laser

LAP Laser is a leading provider of laser positioning systems as well as quality assurance (“QA”) software and hardware used during radiotherapy treatments. 

LAP was established in 1984 and has become a leading provider of laser measurement and projection systems used in highly attractive and diversified niche end-markets within the healthcare and industrial segments. The company’s high quality, easy-to-use and reliable product portfolio is fit-for-purpose and meets customer as well as market-specific quality and regulatory requirements.

Headquartered in Lüneburg, Germany, the Company operates three manufacturing sites and employs about 350 people.

Country

Germany

Value creation strategy
  • Continued growth of the core healthcare patient positioning business
  • Roll-out of the QA software business
  • Cross-selling opportunities
  • Buy-and-build to enter new markets and product areas
Investment history
  • The IK VIII Fund acquired LAP Laser from capiton in July 2019
  Eres
Country

France

Sector

Business services

Acq. date

Jul/19

Eres

Eres is a leading French independent player in the advisory and structuring, asset management and distribution of employee profit sharing plans (PEE, PEI, PERCO and PERCOI), retirement schemes (PERP, PERE) and employee shareholding plans.

Eres distributes its products through a network of more than 2,400 distributors (wealth management advisors, insurance brokers, accountants) and addresses directly mid-sized companies and large groups.

Country

France

Value creation strategy
Investment history
  • IK acquired a majority stake in Eres from the management team and Parquest Capital in July 2019
  Recocash
Country

France

Sector

Business services

Acq. date

Jun/19

Recocash

Since 1971, Recocash provides its clients with an unrivalled approach to debt servicing, addressing both B2B and B2C debt claims. Recocash offers tailor-made solutions adapted to each customer environment, resulting in a high level of efficiency and customer satisfaction.

Thanks to its proprietary credit management software Eagle-Act, Recocash offers through its subsidiary Altisys a full range of debt collection services from software to services to a diversified client base.

Recognised as one of the top players in the French debt servicing market, Recocash employs c. 150 people over two sites in Rambouillet and in Lyon. On an annual basis, the company handles over 500 000 debt claims, helping clients to optimise their payment cycles and improve cash-flow.

Country

France

Value creation strategy
  • Further development of the B2B segment
  • Achieve market consolidation
  • Diversification into new services
Investment history
  • Acquired from Verdoso in June 2019
  BST
Country

Sweden

Sector

Business services

Acq. date

May/19

BST

BST Brandskyddsteamet is a leading Swedish provider of active fire protection services. 

BST provides a wide range of sprinkler system services, including consultancy & design, installation and repair & maintenance. Through its strong local presence across Sweden with a full-service offering and blue-chip client base, the company has established a solid market position.

The Swedish sprinkler market has experienced strong growth historically and is expected to continue to grow at a high pace driven by favourable trends such as tightening regulation, increased safety awareness and urbanisation.

Country

Sweden

Value creation strategy
  • Continue to develop the network of branches in Sweden
  • Selective buy-and-build
  • Operational improvements and implementation of best practices
Investment history
  • IK Small Cap II Fund acquired BST from Infrea AB (publ) in May 2019
  Infradata
Country

Netherlands

Sector

Business services

Acq. date

Jan/19

Infradata

Infradata was founded in the Netherlands in 2004, where it continues to be headquartered. The company has an additional presence in Germany, UK, France (Nomios), Belgium, Poland and the US, with ambitious expansion plans. The company provides cybersecurity and secure networking solutions, from design and delivery to aftermarket support and managed services.

Infradata supports many large blue-chip clients with high security and data requirements across the industrial, advanced manufacturing, financial, telecommunications and e-commerce sectors.

Country

Netherlands

Value creation strategy
Investment history
  • The IK VIII Fund acquired Infradata from Waterland Private Equity Fund V in January 2019
  Quanos
Country

Germany

Sector

Business services

Acq. date

Nov/18

Quanos

Founded in 1995, Quanos provides sophisticated component content management system (CCMS) software for creating modular documentation in technical content and other editing contexts and targets a broad range of different global industries such as engineering, pharmaceuticals and medical technology.

CCMS solutions are required to efficiently master the high complexity when writing, managing, and publishing product-related content while at the same time ensuring process security. The software addresses the increasing global complexity created by tightening of regulations, digitalisation and globalisation trends as well as shorter product lifecycles.

Quanos is an innovation leader and has set international industry standards regarding the range of features and standardisation of CCMS over the last 20 years. Its products enable customers to realise substantial cost and time savings and increase the content processes efficiency.

Country

Germany

Value creation strategy
  • Upselling opportunities and increased customer penetration
  • Roll-out of new content delivery solution (CDS)
  • Expansion into new end-industries and international markets
  • Strategic add-on acquisitions
Investment history
  • Acquired from the founders in December 2018
  2Connect
Country

Netherlands

Sector

Business services

Acq. date

Nov/18

2Connect

2Connect is a leading manufacturer of specialised cables and connectors, designing, developing and producing tailored interconnection solutions for OEM and ODM customers worldwide.

The product portfolio includes specialised designed cables, molded connectors, electronic packaging and interconnection modules.

Founded in 2000, the company prides itself on setting new standards for interconnection solutions by designing high quality and cost-effective units in close cooperation with its long-term client base.

Country

Netherlands

Value creation strategy
  • Continue to grow share of wallet with its current customer base
  • Intensified focus on new customer acquisition
  • Broaden end-markets applications within adjacent niche segments
  • International expansion
Investment history
  • The IK Small Cap II Fund acquired 2Connect in November 2018 from the van der Put family
  Carspect Group
Country

Sweden

Sector

Business services

Acq. date

Aug/18

Carspect Group

Carspect Group (which includes Carspect AB, SIA Scantest, Autotest Polska Sp. Z.o.o and A-Ülevaatus OÜ) is a leading provider of vehicle inspection services in Northern Europe.

With a network of 375 employees and 106 stations, the Group is a leading provider of vehicle inspection services in Sweden, Estonia, Latvia and Poland.

Its service offering includes Periodic Technical Inspections (PTI), registration inspections, voluntary checks and related services for passenger cars, light trucks, buses and lorries.

Country

Sweden

Value creation strategy
Investment history
  • Acquired from A-Katsastus Group Oy in August 2018
  Mademoiselle Desserts
Country

France

Sector

Consumer goods / Food

Acq. date

Jul/18

Mademoiselle Desserts

Established in 1984, Mademoiselle Desserts has grown to become the leading manufacturer of premium frozen industrial finished and semi-finished pastry in Europe.

Through its manufacturing sites in France, the UK and the Netherlands and highly experienced teams, the Group works closely with its customers to develop bespoke desserts to the highest food standards.

Country

France

Value creation strategy
  • Build-up market leadership in France and the UK via acquisitions
  • Development of new products / segments and focus on implementation of synergies
  • Active M&A strategy in Europe and the US
Investment history
  • Acquired from Equistone in July 2018
  KLINGEL medical metal
Country

Germany

Sector

Healthcare

Acq. date

Jul/18

KLINGEL medical metal

Klingel medical metal is  a leading independent contract manufacturer of high-precision, hard-to-machine parts made from titanium and high-grade types of stainless steel.

The company operates a vertically integrated business model with in-house capabilities spanning the entire production value chain from design to manufacture to final packaging with a strategic focus on medical technology.

KLINGEL’s high precision components go into various orthopaedic, cardiovascular and dental implants as well as instruments for endoscopy and robotic surgery. Working in partnership with its OEM customers across the medical technology as well as measurement and control industries, KLINGEL has gained a reputation for uncompromising quality. 

Country

Germany

Value creation strategy
  • Organic growth with existing and new customers focused on the med tech segment
  • Targeted M&A to gain access to new customers and expand the product portfolio
  • Expansion into new geographies
Investment history
  • Acquired from Halder in July 2018
  Aspia
Country

Sweden

Sector

Business services

Acq. date

Jul/18

Aspia

Aspia is one of the leading companies in accounting, payroll and related advisory services with 71 offices and approximately 1,450 employees across Sweden.

Aspia supports over 27,000 small and medium-sized enterprises (SMEs). 

Country

Sweden

Value creation strategy
  • Continued organic growth and market share gains from increased penetration in the urban areas of Sweden
  • Potential to add further services and cross-sell to the large customer base of SMEs
  • Pursue growth through M&A
Investment history
  • Aspia was carved out from PwC Sweden in July 2018
  • In September 2018, Aspia acquired KPMG Sweden's division for accounting, payroll and related advisory services, adding approximately 300 employees
  Bahr Modultechnik
Country

Germany

Sector

Engineered products

Acq. date

May/18

Bahr Modultechnik

Bahr Modultechnik is a leading manufacturer of modular positioning systems, focused on delivering individual solutions based on a sophisticated portfolio of customisable and technologically leading products.

Accurate and robust positioning systems are required in a wide variety of industries from mechanical engineering to medical technology. The company’s unique linear positioning systems are sold in more than 20 countries around the globe.

Country

Germany

Value creation strategy
  • Enhance the sales organisation to unlock growth potential with existing customers and gaining of new customers
  • Further expansion into new end markets with the current product offering as well as with newly developed products
Investment history
  • The IK Small Cap II Fund acquired Bahr Modultechnik from the founders in May 2018
  Domia Group
Country

France

Sector

Consumer goods / Food

Acq. date

May/18

Domia Group

Domia Group is the owner of the French number one player in the private tutoring market (Acadomia) and the French fast-growing home cleaning provider (Shiva).

Acadomia is the leading player in the primary, secondary, higher-education and test-prep tutoring markets (at-home, centres and online). Since 1989, Acadomia and its employees have continuously innovated to offer quality learning experiences to more than 1 million families across different geographies, backgrounds, subjects and learning needs. Acadomia now operates a network of 100 agencies and 20,000 tutors dedicated to help over 90,000 students per year meet their academic goals and enhance their educational life. Acadomia is recognised for its unrivalled brand awareness, its customer-satisfaction ratings and the proven academic success of its students.
 
Shiva is one of the leading and the fastest-growing actors in the home cleaning market. Through its network of 165 franchised agencies, Shiva helps its 45,000-strong client-base to improve their quality of life by taking care of their house cleaning on a regular basis thanks to a unique network of 8,000 selected, trained and highly-experienced maids. Shiva is contributing to transform the highly fragmented home cleaning market by delivering a high-quality hassle-free interior experience.

Country

France

Value creation strategy
Investment history
  • Acquired from Metric Capital in May 2018
  Optimum Group
Country

Netherlands

Sector

Consumer goods / Food

Acq. date

Jan/18

Optimum Group

Optimum Group is a printer of self-adhesive labels, banding and shrink sleeves, primarily serving the food and retail market. The Group operates through five printing facilities, of which four in the Netherlands and one in Belgium.

Optimum is active in the faster-growing segments within the Benelux labelling market, which is estimated to be worth approximately €700 million. In particular, the Group focuses on the food labelling market, which has grown by over 5% year-on-year. Optimum has a broad offering but is looking to expand its technological capabilities, such as inkjet technology, and end-market coverage in the food, beverage, chemicals, pharmaceutical and logistics sectors.

Country

Netherlands

Value creation strategy
  • Expansion in specialty labels and digital printing technologies
  • Increased system integration of historical build-ups
  • Drive centralisation to extract synergies
  • Continue buy-and-build to consolidate the Benelux market and expand abroad
Investment history
  • The IK VIII Fund acquired Optimum Group from Mentha Capital and the founders in January 2018
  Studienkreis
Country

Germany

Sector

Consumer goods / Food

Acq. date

Dec/17

Studienkreis

Since its inception in 1974, Studienkreis has developed into one of the leading providers of tutoring services on the German market.

Operating a dense network of over 1,000 learning centres, Studienkreis offers small group tutoring to c. 60,000 primary and secondary school students across Germany, covering all common subjects as well as special preparatory courses for pre graduation exams. The Company has further developed a true online offering, comprising the Studienkreis App supporting students with their homework and tutoring schedule.

Renowned for its high quality tutoring services as well as proven learning concept – developed and refined over 40 years, Studienkreis benefits from high brand awareness and customer satisfaction in the German market and has continuously been certified by various testing institutes.

Country

Germany

Value creation strategy
Investment history
  • In December 2017, the IK Small Cap I Fund acquired Studienkreis from Aurelius Equity Opportunities
  Debitor Inkasso
Country

Germany

Sector

Business services

Acq. date

Nov/17

Debitor Inkasso

Debitor Inkasso is a German mass debt collection agency focused on recovering overdue claims and debts on behalf of its clients, primarily in the e-commerce/social media, insurance and publishing industries.

With a highly automated and continuously refined collection process as well as a broad communication platform (including modern communication channels such as email, WhatsApp and SMS), Debitor Inkasso acts as a link between its customers and their debtors, and is renowned as a reliable and trustworthy partner in the sector.

Country

Germany

Value creation strategy
Investment history
  • Acquired by the IK Small Cap I Fund from Hubert Burda Media Group in November 2017
  Linxis Group
Country

France

Sector

Engineered products

Acq. date

Oct/17

Linxis Group

LINXIS Group is a global leading manufacturer of industrial equipment for the food, pharmaceutical, cosmetic and dairy industries.

Founded in 1988, the Group offers state-of-the-art service and solutions through its six companies. LINXIS’s strength stems from its global footprint, strong focus on innovation and R&D and industry-leading product designs which provide maximum value to their customers.

Country

France

Value creation strategy
  • Organic growth in the bakery, pharma and cosmetics segments through continued growth in core geographies, cross-sell opportunities in the US following the acquisition of Shick and footprint development in fast-growing emerging markets
  • Improve operations via increased share of after sales revenues and the extraction of procurement synergies
  • Selective buy-and-build strategy in Europe, the US and Asia
Investment history
  • The IK VIII Fund acquired LINXIS Group, then Bretèche Industrie, from Equistone Partners Europe in October 2017
  Pinard Beauty Pack
Country

France

Sector

Consumer goods / Food

Acq. date

Jul/17

Pinard Beauty Pack

Founded in 1970, Pinard Beauty Pack (previously Pinard Emballages) specialises in the design, development and manufacturing of high-end plastic bottles mainly for the cosmetics, fragrance and personal care markets. Its product portfolio mainly comprises standard plastic bottles as well as custom bottles tailored to clients’ specific needs.

The Company is recognised as a trusted supplier to several French as well as and internationally prestige brands because of its technical know-how, product quality and service level. Managed by brothers Thomas and Pierre-Olivier Pinard, the family business employs approximately 90 people and operates two production facilities and a logistics site close to Oyonnax, in the heart of France’s “plastic valley”.

Country

France

Value creation strategy
  • Acquired in July 2017
Investment history
  • Continued organic growth in its core market leveraging its existing customer base and gaining new customers in France and on export markets
  • Address adjacent opportunities via buy-and-build to secure decoration capabilities, gain further technical capabilities and build capacity in other geographies
  • Maintain operational excellence and protect margin level and cash generation
  Messerschmitt Systems
Country

Germany

Sector

Engineered products

Acq. date

May/17

Messerschmitt Systems

Founded in 1994, Messerschmitt Systems has gained a reputation for combining system integration and product design, providing its clients with cutting-edge solutions which increase guest comfort and save energy.

The company’s multifunctional ‘Room Management Systems’ and innovative ‘Access Control Systems’ are trusted by more than 2,000 hotels worldwide.

Founded by Hartmut Messerschmitt, the company has grown into a leader within its niche with a fully integrated value chain from development, engineering and manufacturing to supply, installation and the related aftersales market.

Country

Germany

Value creation strategy
  • Organic growth in existing key regions (Germany and Middle East) by expansion of sales force and broadening/intensifying international reach into adjacent European geographies
  • Strategic development and growth of aftermarket business (development of concept related to maintenance/service contracts, hotline, etc.)
  • Continued product development and innovation
Investment history
  • Acquired by the IK Small Cap I Fund in May 2017
  Alanta Health Group
Country

Germany

Sector

Healthcare

Acq. date

Dec/16

Alanta Health Group

Alanta Health Group is one of the largest industrially organised §13 AMG  (‘Arzneimittelgesetz’) certified compounders for patient-individualised infusions applied mainly in oncology treatment in Germany.

Alanta Health Group is based in Hamburg, where it runs a state-of-the-art compounding facility.

Country

Germany

Value creation strategy
  • Leverage leading market position to increase sales and market penetration
  • Drive consolidation of the compounding market
  • Build an integrated healthcare group
Investment history
  • Acquired December 2016
  iad
Country

France

Sector

Business services

Acq. date

Sep/16

iad

Founded in 2008 with the ambition to offer an alternative way of buying and selling residential property, iad is a fast-growing digital platform offering a large range of value-added support services to independent real estate agents.

The company has demonstrated a stellar track record of organic growth since inception and has grown to become the largest network in France with ca. 3,200 local agents and over 11,800 transactions intermediated during 2015.

Country

France

Value creation strategy
  • Further penetrate the French market
  • International expansion by developing the company in neighbouring countries organically or through acquisitions
  • Development in adjacent segments, especially property rental and rental management
Investment history
  • In September 2016, the IK VII Fund acquired a majority stake in iad, alongside Five Arrows Principal Investments, from founders and Naxicap Partners
  Netel
Country

Sweden

Sector

Business services

Acq. date

Jul/16

Netel

Netel is a leading Nordic service provider for communication and electrical networks, offering services ranging from planning and project management to design and maintenance.

With its project management focus, extensive sub-contractor network, and entrepreneurial heritage and culture, the company acts as a collaborative partner to telecom operators, network owners, property owners, construction companies, housing companies and cooperative housing associations.

Headquartered in Stockholm, Netel has around 340 employees and generated pro forma revenue of approximately MSEK 1,500 in 2015.

Country

Sweden

Value creation strategy
  • Organic growth in existing core segments (fixed and mobile telecom)
  • Further diversification into adjacent segments and geographies
  • Selective add-on acquisitions
  • Operational improvements
Investment history
  • Acquired from Axcel in July 2016
  OPEN
Country

Sweden

Sector

Business services

Acq. date

Jun/16

OPEN

OPEN is a leading Nordic payment solution provider. Headquartered in Gothenburg, the company offers a full service product and software portfolio to its client base, including restaurants, casinos, arenas and other customer verticals.

With its in-house development capabilities and strong focus on innovation, OPEN can offer the entire value chain of payment solutions, making it a single point of contact for >8,000 customers throughout Scandinavia.

Country

Sweden

Value creation strategy
  • Continue to penetrate current customer verticals, locally as well as in the Nordic market
  • Continuous focus on product development and innovation
  • Strengthen organisation to support growth and potential expansion to other European markets
  • Selectively evaluate and pursue add-ons
Investment history
  • Acquired from the founder in June 2016
  Visolit
Country

Norway

Sector

Business services

Acq. date

Mar/16

Visolit

Visolit is a leading supplier of hybrid cloud services to SME companies in Norway and Sweden, providing technology agnostic one-stop-shop IT outsourcing with a primary focus on application hosting & management, helpdesk services and digital transformation.

Visolit employs approximately 1,200 people across eleven locations and serves more than 3,000 corporate customers in the Nordic region.

Country

Norway

Value creation strategy
  • Leverage the company’s strong position in the Nordic market to continue organic growth
  • Develop value proposition and make operational improvements
  • Strategic add-on acquisitions
Investment history
  • Acquired from Ferd Capital in March 2016
  • Rebranded from TeleComputing to Visolit in January 2019
  • During IK's ownership, Visolit has completed twelve add-on acquisitions
  Løgismose Meyers
Country

Denmark

Sector

Consumer goods / Food

Acq. date

Jan/15

Løgismose Meyers

L+M is the merger of Løgismose and Meyer which are two of the strongest and most recognised high-end food brands in Denmark offering a wide range of gourmet food products and services across various channels including retail distribution, food service, B2B wholesale and selected own outlets 

L+M is headquartered in Copenhagen, Denmark.

Country

Denmark

Value creation strategy
  • Realising growth potential
  • Realising synergies
  • Selected add-on acquisitions
Investment history
  • Acquired in January 2015
  Exxelia Group
Country

France

Sector

Engineered products

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
  Ampelmann
Country

Netherlands

Sector

Business services

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 35 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