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IK continues strong 2004 Fund exits with €1.3bn Minimax sale

12 Jun 2014

Minimax fireNordic buyout house IK Investment Partners has sealed a 2.3-times return through the €1.3bn sale of fire extinguisher businesses Minimax Viking.

The deal ensures IK’s 2004 fund continues its strong exit performance, with the overall multiple for the fund now standing at about 2.4 times.

IK 2004, which raised €825m of capital, has now returned more than €1.9bn.

The firm bought Minimax through an MBO in June 2006 when the company was a regional market leader in Europe and Germany, and ranked third in the world for its market.

Minimax has since grown to a global business, doubling its revenues to about €1.2bn last year and growing its employees from 3,200 to more than 7,000.

The company bought US-based Viking, which also provided fire suppression products, in 2009

IK managing partner Detlef Dinsel said, “The investment in Minimax Viking has been a great success.

“The company commands market leading positions across the fire protection market and has successfully transformed into a global market leader with a fully integrated offering covering fire suppression products & distribution, system integration and services.”

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