Kings Park makes 3.8x on sale of IHS to Battery Ventures


Lower mid-market private equity Kings Park Capital has sold German sales and marketing company IHS to US-based technology-focused investment fund Battery Ventures.

Financial terms of the transaction were not disclosed, but the disposal generated a gross money multiple of 3.8x for Kings Park Capital.

The sale of Frankfurt-headquartered IHS represents the first full exit for Kings Park Capital’s inaugural fund, which closed in October 2008.

Under the fund’s ownership, IHS “substantially” increased in value, the firm said, through growth in both underlying revenue and EBITDA.

Alka Bali, managing director at Lincoln International, said, “We were very pleased to support KPC in achieving such outstanding results on their first full exit with a 3.8x money multiple. This transaction was made to measure for Lincoln international, with an integrated Anglo-German team running a competitive sell side process with interested strategic and Private Equity firms sourced from across the globe. Battery Ventures, has a wealth of experience in the travel technology space, and is ideally placed to support IHS in the next stage of its development.”

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