Kai Warn has been appointed new president and CEO of Husqvarna Group. Hans Linnarson, who was appointed president and CEO in 2011, will continue to work for the group until he retires early 2014. Warn was prevously operations partner at private equity firm IK Investment Partners.
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IK Investment Partners’ IK2007 Fund is to acquire Actic from funds managed by FSN Capital. Actic is a Nordic health and fitness company. Financial terms were not disclosed. PRESS RELEASE IK Investment Partners’ (“IK”) IK2007 Fund has entered into an agreement to acquire Actic from funds managed by FSN Capital. Actic is a leading Nordic [...]
EPiServer, which is backed by IK Investment Partners, has acquired Mediachase. Financial terms weren’t disclosed. Los Angeles-based Mediachase designs and builds software for companies looking to streamline internal and external business activities. News of the deal was announced by Marcum Cronus Partners, which provided financial advice to Mediachase. PRESS RELEASE Marcum Cronus Partners LLC (Marcum [...]
IK Investment Partners‘ sale of German outdoor sport surface maker Sport Group is in limbo as private equity firms reconsider bids for the company, Reuters reported Wednesday. Bankers are concerned that Sport Group’s earnings could drop as the company is exposed to falling public spending, Reuters wrote. EQT, Nordic Capital and PAI Partners have been interested in the company, which had a price tag of around 200 to 250 million euros. Nordic Capital has already pulled out of the process.
Second round bids are due for Norway-based discount retail store Europris. The company, owned by IK Investment Partners, has attracted interest from buyout shops Nordic Capital and Warburg Pincus. Europris could reportedly fetch 400 million euros ($546.2 million) and 500 million, Reuters reported Monday.
British buyout shop 3i has secured 205 million euros ($280 million) in loans to back its acquisition of French building fastener and fixing company Etanco from IK Investment Partners, Reuters reported Wednesday. French banks CIC, Credit Agricole and Societe Generale are arranging the debt package. European private equity firm IK Investment Partners acquired Etanco in 2008 backed by 172 million euros of debt according to Thomson Reuters, publisher of PEhub.
Buyout shop IK Investment Partners is exiting its investment in Etanco, a French designer and manufacturer of building fasteners and fixing systems. 3i Group is the buyer. Etanco Chief Ronan Lebraut is investing alongside 3i and will retain a 25% stake in the company. Terms of the buyout were not released. IK Investment bought Etanco in 2008.
European buyout shop IK Investment Partners is acquiring the French food ingredient manufacturer Savena from Azulis Capital and Céréa Capital. Terms of the deal were not released. The deal is expected to close within four weeks. Azulis Capital and Cerea Capital bought Savena in 2007.
European private equity firm IK Investment Partners has bought Offshore Incorporations from Carlyle Group, Reuters reported. Terms of the deal were not released, though previous reports estimated the deal at as much as $300 million.
Nordic buyout shop IK Investment Partners is the preferred bidder for the Carlyle Group’s company formation firm Offshore Incorporations HK Ltd., Reuters reported. Affinity Equity Partners and Bain Capital also made final bids for Offshore, which specializes in company formation in Anguilla, Bahamas, British Virgin Islands and Cayman Islands, Reuters said. Bids are believed to have come in between $250 million and $300 million.