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IK revives Minimax sale attempt following 2012 dividend recap

16 Dec 2013

fire flame burn heat energySwedish buyout house IK Investment Partners has reportedly reignited plans to sell German fire extinguisher maker Minimax a year after scrapping a planned exit in favour of a dividend recap.

Minimax could be worth about €1bn according to Bloomberg, which cited three people with knowledge of the sale process.

It said IK was likely to hire Deutsche Bank to find a buyer for the business, which has annual sales of more than €1bn.

IK bought the business form Investcorp in 2006, using €530m of bank lending to finance the deal, Bloomberg added.

It said that at the time Minimax had annual revenues of less than €500m.

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