IK Investment Partners mulls sale of Minimax


European mid-market private equity firm IK Investment Partners is reported to be mulling a sale of portfolio company Minimax, a maker of fire extinguishers based in Germany.

The London-based firm is planning to select banks to advise on a sale of the business, which could launch in the first half of 2012, Reuters reported on Friday, citing unnamed sources.

The company generated €1.3bn in sales last year, the report added.

IK bought the business in 2006.

In March AltAssets reported that IK Investment Partners has hit a €1bn first close for its latest fund, bringing it more than halfway to hitting its €1.7bn final close.

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