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2010-08-16

Kai Wärn to join IK as Partner Strategy, Operations and Business Control

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IK Investment Partners (“IK”), a Pan-European private equity firm, announces that Kai Wärn will be joining as Partner with future responsibility for Strategy, Operations and Business Control. He is currently Chief Executive of Swedish-listed company Seco Tool AB and will begin at IK in January 2011. Kai will be based in IK’s Stockholm office.

Kai Wärn is a highly successful hands-on professional with more than 25 years experience in the industry. He began his career with ABB where he spent nearly 20 years holding various senior international positions including roles in Belgium, Germany and the UK. Most recently he was responsible for the Business Unit Robotics. Following his departure from ABB in 2004, Kai was appointed President and CEO of Seco Tools AB, a listed Swedish industrial tools business with 4,500 employees and operations in more than 40 countries globally.

Björn Savén, Executive Chairman at IK, commented: “We are excited by Kai’s appointment and look forward to welcoming him to the team in due course. Kai’s significant industry expertise fits perfectly with IK’s hands-on approach with our portfolio companies which, in today’s challenging climate, is imperative in order to generate attractive returns for investors and we are proud to say that this approach is one of IK’s key strengths.”

For questions:

IK Investment Partners
Charlotte Laveson, Communication Manager
Tel: +44 207 304 7136

About IK Investment Partners

IK Investment Partners (formerly known as Industri Kapital) (“IK”) is a European private equity firm, having raised a total of EUR 5.7 billion, including EUR 1.7 billion in the latest fund IK2007. Since 1989, IK has acquired 71 European companies. The current portfolio encompasses 20 companies with a total turnover close to EUR 7 billion. IK invests mainly in mid-sized companies with strong cash flow and profit improvement potential, operating in mature industries with fundamental underlying growth. For more information visit our website: www.ikinvest.com.

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