IK Partners (“IK”) is pleased to announce that the IK Small Cap III (“IK SC III”) Fund has signed a definitive agreement to acquire Lohoff Pension Services GmbH (“Lohoff” or “the Company”), a German specialist provider of occupational pension administration solutions, from the founding family. IK is investing from its dedicated pool of Development Capital, alongside the Company’s existing management team. Financial terms of the transaction have not been disclosed.

Founded in 1992 by Petra and Heinz-Günter Lohoff and headquartered in Isernhagen, Germany, Lohoff is a full-service provider of occupational pension administration solutions, offering its clients and their employees a comprehensive, fully digitalised and software-enabled pension administration platform. The Company primarily focuses on managing complex occupational pension schemes for large corporations. Its offering includes highly automated and customisable processes, systems and reporting structures. As a result, Lohoff has built longstanding partnerships with a broad and diversified base of customers, including many notable blue-chip clients.

Lohoff has a highly experienced team, focused on designing and delivering tailored solutions for the occupational pension market. The Company operates from two locations: its main office in Isernhagen, near Hanover and a secondary base in Warnemünde, near Rostock.

With IK’s support, Lohoff plans to strengthen its market position by expanding its product and software offerings across existing verticals and complementary service areas, while continuing to invest in operational scalability, systems enhancements and digital infrastructure.

Petra Lohoff, Founder and Shareholder of Lohoff, said: “I am very pleased to see the vision my husband and I built being carried forward by IK, in partnership with the management team at Lohoff. IK brings the right combination of experience and perspective to support the Company’s continued growth. I wish all parties every success in this new chapter.”

Martin de Vries, Managing Director at Lohoff, said: “I am extremely proud of what we have achieved at Lohoff. With over two decades of experience in designing, implementing and administering pension plans, we are well positioned to benefit from long-term structural growth in the market. This new partnership comes at the right time as we look to enhance our offering and continue delivering a best-in-class service. We are excited to work with IK, who bring the strategic insight and expertise required to support Lohoff in its next phase of growth.”

Sebastian Hinz, Managing Director at Lohoff, commented: “We are proud of the strong and differentiated position we have built over the last two decades. Lohoff’s unique capabilities in digital integration and service customisation have allowed us to build lasting relationships with clients that manage complex pension structures. We look forward to working with IK as we scale the business and broaden our service offering.”

Ingmar Bär, Partner at IK and Advisor to the IK SC III Fund, added: “Lohoff has positioned itself as a leading provider of specialist pension administration services in an attractive, resilient market supported by strong regulatory tailwinds. Its strong IT capabilities, high quality standards and flexible offering provide a solid foundation for continued growth. We are pleased to be partnering with Martin, Sebastian and their team to accelerate the Company’s development and leverage our expertise in the Business Services sector to support its ambitions.”

For further questions, please contact:
IK Partners
Vidya Verlkumar
Phone: +44 (0)7787 558 193
vidya.verlkumar@ikpartners.com

Wiesbaden, April 2nd, 2025 – MÜPRO International GmbH (“MÜPRO” or “the Group”), a portfolio company of IK Partners’ funds, is pleased to announce that it has signed an agreement to acquire MSS Building Services Ltd (“MSS” or “the Company”), a specialist distributor of advanced support systems based in Ireland. This acquisition marks MÜPRO’s first direct presence in the Irish market, reinforcing its commitment to serve customers across borders with local expertise and technical excellence.

Headquartered in Dublin, Ireland, MSS has developed a strong reputation for its deep technical know-how and reliability, particularly in the fast-growing Data Centre sector. The company is known for its comprehensive range of mechanical and electrical support systems, including bespoke prefabricated solutions for complex infrastructure environments. Its experience in high-performance and mission-critical settings – especially supporting datacentre construction and fit-outs – has made MSS a trusted partner to major players in the Irish and European markets and has an existing relationship with MÜPRO as a supplier.

Since the investment by funds managed by IK Partners into MÜPRO, this transaction is the second acquisition of MÜPRO and is part of its long-term strategy to become a leading European player in the pipe fastening market by growing in core markets and new geographies both organically and through M&A. The acquisition of MSS also marks an important cornerstone for further growth in the UK and Ireland and better enables the group to serve multinational customers, especially those in the datacentre and technology infrastructure space. The transaction is subject to customary regulatory approvals.

Dr. Wolfgang Gödel, CEO of MÜPRO Group, said:
“We are delighted to welcome MSS to the MÜPRO family. Its outstanding service level, high-quality solutions and deep customer relationships with key clients in Ireland complement our own strengths and ambitions. Establishing a direct presence in Ireland and expanding our expertise in data centre projects is an important milestone in our international expansion, and we look forward to building on the strong foundations MSS Services has created.”

Darren Kiely, Director of MSS Services Ltd, commented:
“Becoming part of MÜPRO marks an exciting new chapter for MSS Services. This partnership will allow us to leverage MÜPRO’s extensive product portfolio, R&D capabilities, and international network while continuing to deliver the same trusted service to our clients. We look forward to growing together and bringing even more value to our customers.”

William McDonald, Director of MSS Services Ltd, added:
“MÜPRO shares our hands-on, customer-first philosophy, and that was incredibly important
to us. We’re confident that this collaboration will open new opportunities not just for our team,
but also for our clients, who will benefit from an even broader range of solutions backed by a
global brand.”

IK Partners (“IK” or “the Firm”), a leading European private equity firm, is pleased to announce that it has closed its 10^th Mid Cap fund, the IK X Fund (“IK X” or “the Fund”), having reached its hard cap of €3.3 billion and representing the largest fund the Firm has raised to date. IK’s previous Mid Cap fund, IK IX, raised €2.85 billion in 2020.

IK X attracted significant interest from a high-quality institutional investor base across EMEA (64%), Asia (20%) and the Americas (16%), with a record amount of capital raised from limited partners investing in IK funds for the first time.

This announcement follows a period of record activity for the Firm which saw IK invest in 20 new companies and exit 11 since the start of 2024.

IK X has already made seven investments to date and will continue investing in established European mid-market businesses valued above €200 million across four core sectors of Business Services, Healthcare, Consumer and Industrials.

Christopher Masek, CEO of IK Partners, said: “We are grateful to have once again secured the support of our investors to continue delivering on the strategy of our flagship fund, supporting exceptional businesses in the European mid-market to achieve their full potential. After a record year of activity in 2024 and strong start to 2025, we look forward to maintaining this momentum and driving value across the entire IK platform.”

Dan Soudry, Managing Partner and Head of Mid Cap Strategy, commented: “We are very pleased to announce the final close of IK X in our flagship Mid Cap strategy, which has generated significant interest from a diverse mix of investors. We have already made good progress with the deployment of capital from the Fund and look forward to continuing to invest in leading companies across Europe in all our target sectors.”

Mads Ryum Larsen, Managing Partner and Head of Investor Relations, added: “We thank each of our investors – both existing and new – for placing their trust in IK by contributing to the successful close of our largest ever fund. Against a challenging market environment, we are delighted that IK’s proposition continues to resonate and are grateful for their continued confidence and support.”

For further questions, please contact:

IK Partners
Vidya Verlkumar
Phone: +44 (0) 7787 558 193
vidya.verlkumar@ikpartners.com

H/Advisors Maitland
Finlay Donaldson
Phone: +44 (0) 7341 788 066
finlay.donaldson@h-advisors.global

IK Partners (“IK”) is pleased to announce that the IK Partnership III (“IK PF III”) Fund has signed an agreement to acquire a minority stake in Seventeen Group (“Seventeen” or “the Group”), a leading independent insurance and risk management organisation in the UK, from the founding shareholders and management team. This transaction represents IK’s first investment in the UK Insurance market, building on a well-established track record of supporting similar businesses across Europe. Financial terms are not disclosed and completion of the transaction is subject to customary regulatory approvals.

Founded in 1982 and headquartered in London, UK, Seventeen is a multi-disciplinary insurance group which provides a comprehensive range of services, including broking, underwriting, risk and claims management.

The Group comprises:

• James Hallam, a UK-wide brokerage platform focused on serving commercial, personal, specialty and high-net-worth clients domestically and globally.
• Touchstone, a specialist independent managing general agency servicing more than 550 brokers.
• London Re, a joint venture with MRH Trowe and domiciled in Düsseldorf, Germany.

At present, Seventeen operates from 25 offices across the UK, DACH and the Isle of Man, collectively managing around £400 million in premiums.

The investment represents a major milestone in Seventeen’s history. With the support of IK, the Group aims to further accelerate its growth, enhance innovation and leverage technology to capitalise on attractive opportunities in new and existing markets — all while staying true to the core values that have shaped the business to date.

Paul Turner, Executive Chairman and Paul Anscombe, CEO, said: “Seventeen Group is proud to be the UK’s longest-serving independent insurance distribution group of scale. As we enter this next phase of growth, we are delighted to welcome the team at IK who share the passion and belief that our independent model provides a differentiated proposition for our clients, acquisition partners and colleagues. This long-term investment reflects the conviction in our strategy, the opportunities ahead and most importantly, is testament to the hard work of our staff which has enabled a great business to be built.”

Adrian Tanski, Partner at IK and Advisor to the IK PF III Fund, added: “We have been very impressed by Seventeen’s journey to date and believe that the Group is well positioned to continue its strong development, off the back of its strong customer service focus, broad coverage of the value chain and longstanding expertise in the insurance brokerage and underwriting space. We are excited to work with both the Pauls and their team to further develop the Seventeen platform and pursue consolidation opportunities in the UK and beyond.”

For further questions, please contact:

Seventeen Group
Jackie Knight
Group Marketing and Events Director
Phone: +44 (0)7824 486319
jackie.knight@seventeengroup.co.uk

IK Partners
Vidya Verlkumar
Director of Communications and Marketing
Phone: +44 (0)7787 558 193
vidya.verlkumar@ikpartners.com

Beringen, Belgium – Plastiflex Group N.V. (“Plastiflex”, “Plastiflex Group” or “the Group”), a leading manufacturer of high-end tubing systems and custom components is pleased to announce that it has made two transformational acquisitions with the addition of both Smooth-Bor Plastics (“Smooth-Bor”) and TIK d.o.o. (“TIK”). These investments will further enhance the global growth and technological leadership profile of Plastiflex by consolidating the Group’s strong position in the fast-growing respiratory care market and by adding new end-markets with high growth potential to its fluid management segment (such as filters or bloodlines for dialysis patients).

A Strengthened Group

The acquisition of Smooth-Bor strengthens Plastiflex’s leading position in tubing systems for the rapidly- growing respiratory care market, while the acquisition of TIK provides Plastiflex entry to the catheter manufacturing market to complement its current healthcare fluid management offering. The Group will now have 12 manufacturing facilities globally, with 7 dedicated healthcare facilities in North America (USA and Mexico), EMEA (Germany, Slovenia and Turkey) and Asia (China and Malaysia).

Since IK Partners’ investment in 2021, Plastiflex Group has accelerated its buy-and-build strategy, making a total of four add-on acquisitions in the Healthcare sector. At present, the Group expects to generate approximately €200 million in sales and roughly €50 million in EBITDA in 2025, with the vast majority derived from customers in the sector. Plastiflex envisions a clear trajectory to continue its growth, aiming to double its sales in the coming years by leveraging its current footprint and client portfolio in these fast-growing end markets while continuing to execute on its buy-and-build strategy.

Smooth-Bor

Founded in 1971 and headquartered in California, USA, Smooth-Bor is a leading healthcare company, specialised in the production of corrugated heated tubes for continuous positive airway pressure (“CPAP”) devices, as well as other tubing systems and masks for the respiratory care market with a specialisation in sleep apnoea. The company employs over 100 people who are based across its manufacturing sites in North America and Malaysia.

Through the partnership with Smooth-Bor, Plastiflex will be able to further consolidate its leading position in the market and utilise additional production capacity in USA and Southeast Asia, in line with the Group’s operational strategy of regional self-sufficiency.

Smooth-Bor will continue to be led by CEO Eric Carlson as well as President and CFO Steve Caiozzo.

TIK

Established in 1971 and headquartered in Kobarid, Slovenia, TIK is a leading manufacturer of disposable medical devices, specialised in the production of coated urethral catheters and follicle aspiration needles. The company also produces a wide range of tubing systems for other applications in the field of respiratory care, gynaecology and gastroenterology. At present, TIK employs over 90 people.

By joining forces with TIK, Plastiflex will be able to further extend its product portfolio in the fluid management market space and utilise additional production capacity in Europe, in line with the Group’s operational strategy of regional self-sufficiency.

TIK will continue to be led by Managing Director Petra Borovinšek, who has been in place since 2018.

Piet Gruwez, CEO of Plastiflex, said: “We’re delighted to announce the acquisitions of Smooth-Bor and TIK as we continue to strengthen Plastiflex’s as a leading medical device manufacturer of tubing systems. The acquisition of Smooth-Bor will further strengthen our leadership position in the fast-growing respiratory care market, while the acquisition of TIK provides us with access to the catheter manufacturing market, a market with huge growth potential for the group. We look forward to working closely with the employees of both companies to integrate them fully within the ever-evolving Plastiflex Group.”

Eric Carlson, CEO of Smooth-Bor Plastics, commented: We are very happy about the further development of Smooth-Bor within this strategic partnership with the Plastiflex Group and we are convinced that, together, we will be able to offer a further enhanced product portfolio to all our customers across the globe.”

Petra Borovinšek, Managing Director of TIK, added: “We are thrilled to be joining forces with Plastiflex, leveraging our shared experience to continue sales growth in Europe, further enhance our product portfolio and reinforce the Group’s position as an indispensable partner to distributors.”

For further questions, please contact:

Plastiflex Group
Piet Gruwez
Chief Executive Officer
Phone: +32 11 45 03 99
piet.gruwez@plastiflex.com

IK Partners (“IK”) is pleased to announce that the IK Small Cap III (“IK SC III”) Fund has signed an agreement to invest in Tecomatic (“the Company”), a leading Swedish provider of water treatment and erosion control solutions, from PEQ Invest (“PEQ”). IK will invest from the fund’s dedicated pool of Development Capital, alongside the management team who will be reinvesting. Financial terms of the transaction are not disclosed and the completion of the transaction is subject to regulatory approval.

Founded in 1985 and headquartered in Kalmar, Sweden, Tecomatic is a specialist in protecting critical infrastructure and purifying marine environments, with end-to-end solutions for water treatment and erosion control. The Company’s comprehensive water purification solutions include sediment removal, floating walls and silt screens, which remove pollutants from storm-, process-, leachate- and waste-water before discharging them into waterways. Tecomatic’s erosion protection segment extends across land and water, providing customisable concrete mattresses and rock bags which prevent the spread of hazardous sediment as well as protect bridges, wind turbines and underwater cables.

Tecomatic operates throughout Sweden, mainly serving cities and municipalities as well as recycling, construction and infrastructure companies. The Company plays an important role in building awareness around the importance of water treatment, which drives demand throughout the value chain.

Emil Eriksson, Head of Water Treatment at Tecomatic, said: “Since merging with Järven Ecotech in 2022, Tecomatic has successfully integrated operations and broadened its product offering, executing numerous projects and establishing a recurring customer base. As we enter the next phase of growth, we are delighted to welcome the IK team, who brings both significant experience and expertise in the Nordics and beyond.”

Patrik Stockhaus, Director at IK and Advisor to the IK SC III Fund, added: “We are excited to be partnering with Tecomatic, which has demonstrated strong growth and an attractive pipeline in Sweden and the rest of the Nordics. The Company also provides essential flood control, water protection and soil erosion solutions, all of which are helping to strengthen resilience against growing environmental challenges. IK has a long history of supporting Industrials businesses and we aim to leverage our expertise to further consolidate Tecomatic’s position in the market.”

For further questions, please contact:

IK Partners
Vidya Verlkumar
Director of Communications and Marketing
Phone: +44 7787 558 193
vidya.verlkumar@ikpartners.com