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Press Releases

2021-10-28
Press Releases

IK Partners to invest in Pr0ph3cy Group to become a French Leader in Cybersecurity

During European Cybersecurity month, consulting company Silicom and e-learning SaaS platform Seela have announced their merger to create Pr0ph3cy Group (“Pr0ph3cy” or “the Group”), a provider of IT and cybersecurity services in France. Pr0ph3cy will serve large private groups and government agencies to provide solutions for their critical security needs and will offer an e-learning platform aimed at upskilling or reskilling IT, network and cyber professionals.

By anchoring the Start-up mindset with a well-established SME in the French ecosystem, Silicom and Seela will demonstrate with this new group their ambition to actively participate in the emergence of European industrial sovereignty.

The Group has signed an agreement with IK Partners (“IK”) who will acquire a significant minority stake in the Group alongside Arthur Bataille, who will retain control and management of the business.

The transaction was led by IK’s Development Capital team and is the first investment from the dedicated pool of Development Capital in the IK Small Cap III Fund, which held a final close at its hard cap of €1.2 billion earlier this year.

European Ambitions

IK, together with management, will further develop the Group through five key goals:

  • Become the French leader in securing technological products by mastering the design and integration of “Secure by Design” as well as the technical training for these products;
  • Consolidate the French cybersecurity ecosystem around its training solution to promote its technical and technological excellence internationally;
  • Recruit over 100 individuals in 2022 in France, Europe and Canada to support its clients in their growth strategies and in the securitisation of their digital products and services. This organic growth strategy could be accelerated by targeted acquisitions facilitated by its new financial partner IK;
  • Accelerate the technological shift of cybersecurity through Artificial Intelligence around SOC (Security Operation Centre) – the centre of operations focused on monitoring threats – and SIEM (Security Information Management System) – the monitoring tool used by analysts that includes software to monitor enterprise networks; and
  • Reinforce digital sovereignty and accelerate the upskilling of cyber professionals to safeguard jobs and the French economy in the digital field.

Arthur Bataille, Founder and CEO of Pr0ph3cy Group:Pr0ph3cy is a vision, a concept around innovation and the evolution of the cybersecurity market in France and internationally. As the market continues to evolve it is a decisive moment in our development. While cyber issues gain dominance, the French government is aware of the importance of reinforcing the digital security of organisations. The time has come to invest with the goal to create and promote French and European champions. To this end, we must also foster employment and training of cyber jobs in the context of talent shortage.”

Pierre Gallix, Partner at IK Partners and Advisor to the IK Small Cap III Fund: “Pr0ph3cy benefits from tremendous potential in its two business lines. We have every confidence that Arthur and his team will actively contribute to the rise of the cybersecurity market and we are very happy to support him in the deployment of his strategy.”

Pr0ph3cy PR Contact:
Leslie Toledano
Bureau de presse Leslie Toledano
+33 (0) 6 10 20 79 60
contact@leslietoledano-pressoffice.com

IK Partners PR Contact:
Maitland/AMO
James McFarlane
+44 (0) 7584 142665
jmcfarlane@maitland.co.uk / ik-maitland@maitland.co.uk

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2021-10-27
Press Releases

IK Partners acquires Plastiflex

IK Partners (“IK”) is pleased to announce that the IK Small Cap III Fund will, alongside management, acquire Plastiflex Group N.V. (“Plastiflex” or “the Company”) from 3d investors. Financial terms of the transaction are not disclosed.

Plastiflex is the market-leading global supplier of high-end customised tube system solutions for the healthcare, industrial and appliances markets. Operating seven manufacturing facilities and with a presence across four continents, the Company serves a long-standing and diversified base of blue-chip customers.  

Under the ownership of 3d investors and through its technological innovation and state-of-the-art solutions, developed by its research and development functions, Plastiflex has been able to penetrate and acquire significant market share in the healthcare and industrial markets. IK’s partnership with Plastiflex is aimed at driving further above market organic growth in the healthcare segment with share of wallet gains at existing clients, new client acquisitions and expansion of its innovative product offering to increase the addressable market.

Plastiflex will continue to be led by Chief Executive Officer (“CEO”) Piet Gruwez and his team, who will also be reinvesting alongside IK.

Piet Gruwez, CEO of Plastiflex, commented: “We’re delighted to have IK’s support in continuing to deliver the very best solutions to customers who all operate with complex requirements and in markets benefitting from long-term growth trends, including healthcare and industrials.”

Sander van Vreumingen, Partner at IK and Advisor to the IK Small Cap III Fund added: “Plastiflex is a high potential business with a very interesting market positioning. We’re delighted to be partnering with the Company and its top-quality management team to further their growth ambitions, both organically and through strategic mergers and acquisitions.”

Completion of the transaction is subject to legal and regulatory approvals.

For further questions, please contact:

IK Partners
Maitland/AMO
James McFarlane
+44 (0) 7584 142665
jmcfarlane@maitland.co.uk / ik-maitland@maitland.co.uk

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2021-10-26
Press Releases

IK Partners to acquire leading IT services provider CONET from H.I.G. Capital

IK Partners (“IK”) is pleased to announce that the IK IX Fund has signed a definitive agreement to invest in CONET (“the Company”), a leading IT consulting, systems integration and software development company. IK will be acquiring a majority stake from H.I.G. Capital (“H.I.G.”) with CONET’s management team investing alongside IK. Financial terms of the transaction are not disclosed.

CONET offers SAP consulting, communication solutions, software development and managed services to the public and private sectors. Founded in 1987 and headquartered in Hennef, Germany, the Company employs over 1,100 people in 13 offices across Germany, Austria and Croatia.

H.I.G. Capital invested in CONET in May 2017 and has since supported the management team as the Company has increased its share in the fast-growing IT services and consulting market as well as completed a series of strategic add-ons including ACT in 2017, Babiel in 2019 and Procon IT in 2020.

Together with IK, CONET plans to continue its growth plans in the DACH region by building on its existing capabilities and its strong position with public as well as private sector customers.

Completion of the transaction is subject to clearance by the relevant antitrust authorities.

Mirko Jablonsky, Partner at IK and Advisor to the IK IX Fund, said: “We are impressed by CONET’s strong track record across a diversified customer base, made possible by its driven management team and their talented colleagues with deep experience across their core markets. Building on its established, market-leading position across public and private sectors, CONET has an exciting period of growth ahead which we are delighted to support.”

Anke Höfer, Chief Executive Officer of CONET, said: “We look forward to partner with IK as we enter the next stage of growth for CONET. The trend towards digitalisation is accelerating and we believe we can capture this demand with our unique combination of IT expertise, sector knowledge and dedicated workforce of experienced consultants. We are grateful to H.I.G. for their support over the last four and a half years.”

IK Partners PR Contact:
Maitland/AMO
James McFarlane
+44 (0) 7584 142665
jmcfarlane@maitland.co.uk / ik-maitland@maitland.co.uk

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2021-10-15
Press Releases

Netel listed on Nasdaq Stockholm

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, FULLY OR PARTLY, DIRECTLY OR INDIRECTLY, WITHIN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE ADDITIONAL REGISTRATION OR ANY OTHER MEASURE THAN WHAT IS REQUIRED UNDER APPLICABLE LAW.

Netel Holding AB (publ) (“the “Company”), a full-service specialist within Infranet services in Sweden, Norway, Finland and Germany, today announced the outcome of the Offering of the Company’s shares (the “Offering”) and the listing of the Company’s shares on Nasdaq Stockholm. The Offering attracted strong interest from Swedish and international institutional investors as well as the general public in Sweden, Norway and Finland and was oversubscribed.

For more information, please see https://netelgroup.com/

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2021-09-27
Press Releases

IK Investment Partners Rebrands to IK Partners and Launches New Website

IK Investment Partners has announced that it is changing its name to IK Partners (“IK”, “the Firm”) and launched a new website.

The Firm has chosen to reinvigorate its brand and visual identity to ensure it is forward-looking and reflective of its journey to date. In line with an aesthetic change to the look and feel of the brand, IK has also developed a new website, with the strapline “People-First Private Equity”. Launching today, the website becomes www.ikpartners.com.

Announcing the change, Christopher Masek, Chief Executive Officer, said: “The entire private equity industry has evolved considerably over the last three decades and so has IK. From a transaction-centric approach of the early years, our culture has evolved to placing more focus on people through the development of strong and mutually respectful relationships. We are driven to unleash the potential we see in teams, businesses and communities and our new name and mission statement reflect this.”

The announcement comes after a busy 18 months for the European private equity firm. In this period, IK has extended its geographical footprint, achieved 10 exits and completed 18 direct investments, raised over €4 billion across its four strategies and added 50 new employees to the team.

With offices in Amsterdam, Copenhagen, Hamburg, London, Luxembourg, Paris and Stockholm, IK Partners will continue to focus on investments in the Benelux, DACH, France, Nordics and the UK across its core sectors of Business Services, Healthcare, Consumer and Industrials.

IK Partners – Key Facts

  • Founded in 1989 as Industri Kapital, IK Partners operates in local markets across Europe, partnering with growing businesses in Business Services, Healthcare, Consumer and Industrial sectors.
  • To date, IK has raised over €14 billion of capital and realised nearly €17 billion.
  • In April 2021, the IK Small Cap III Fund closed at its €1.2 billion hard cap, including a dedicated pool of €250 million for the Development Capital Strategy.
  • In May 2020, the IK IX Fund – IK’s largest to date – closed at its €2.85 billion hard cap and the IK Partnership Fund closed at €303 million.

For further questions, please contact:

IK Partners
Maitland/AMO
James McFarlane
Phone: +44 (0) 7584 142 665
Email: jmcfarlane@maitland.co.uk

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2021-08-10
Press Releases

Advania announces the acquisition of Visolit

Advania announces the acquisition of Visolit to create one of the strongest and fastest growing IT service providers in the Nordics.

Advania AB (“Advania”), one of the leading full-service IT providers in the Nordics and has reached a definitive agreement with IK Investment Partners (“IK”) to acquire Visolit AS (“Visolit”), a leading provider of corporate IT solutions and cloud services across Sweden and Norway, from the IK VII Fund and other shareholders.

The combined group (the “Company”) will be one of the strongest and fastest-growing IT service providers in the Nordics, with a total turnover in excess of SEK 9 billion in 2021 and approximately 2,550 employees. The Company will leverage the commercial strengths, resources, and expertise of both the Advania and Visolit platforms to offer a highly compelling, future-ready suite of products and services to its customer base – with the combination enabling a broader, deeper and more differentiated offering, even more closely tailored to each customer. Furthermore, the combination will create a first-rate workplace for employees, allowing the exceptional talent from both companies to thrive in an entrepreneurial environment and with a decentralised model close to customers.

  • The combined group will have a turnover in excess of SEK 9 billion, approximately 2,550 employees and will leverage the expertise of both Advania and Visolit to offer a broad and deep range of compelling IT services tailored to each customer.
  • The aim is to create the preferred Nordic IT services provider, fueled by exceptional talent from both companies to thrive in an entrepreneurial environment with a decentralized model close to the customer.
  • Advania, with a heritage dating back to its inception in Iceland in 1939, is a leading IT-provider in the Nordics with operations in Sweden, Iceland, Norway, Denmark and Finland.
  • Visolit, with a heritage dating back to its inception in Norway 1997, is a leading IT-provider in the Nordics with operations in Norway and Sweden.

Goldman Sachs Asset Management will continue to be the majority shareholder of the Advania group, whilst the IK IX Fund will join as a new minority shareholder in the combined group post-closing, forming a strong new partnership with in-depth Nordic IT-service expertise.

Mikael Noaksson, CEO of Advania, said: “We are extremely excited about the combination of our business with Visolit which represents a substantial step towards becoming the preferred Nordic IT-services company. Joining forces will enable us to get even closer to our customers and to serve our combined customer bases with a broader and better offering.”

Terje Mjøs, CEO of Visolit, said: “We are proud of what we have built at Visolit since 1997, with our position in Norway and Sweden. The combination with Advania as a leading player in the Nordics will allow us to provide the best offering to the combined customer base of this exciting new venture.”

Michael Bruun, Head of the EMEA Private Equity Business at Goldman Sachs Asset Management, said: “After the acquisition of a majority stake in Advania earlier in 2021, we are very excited about the combination of Advania and Visolit, two highly complementary businesses which we expect together will deliver a highly compelling value proposition to their combined client base.”

Alireza Etemad, Partner at IK Investment Partners and Advisor to the IK VII and IK IX Funds, said: “Since the IK VII Fund’s investment in 2016, we have supported the strong team at Visolit to grow and future-proof their business in an evolving IT landscape. The combination with Advania is a natural step in this journey of creating a leading player across the Nordics. We are delighted to continue our partnership by investing in the combined business and are excited to help create the Nordic IT services company of choice.”

Goldman Sachs Bank Europe SE, Sweden Bankfilial acted as financial advisor to Advania. Raymond James acted as financial advisor to Visolit.

The closing of the transaction is expected during second half of 2021 and is subject to, amongst other things, regulatory and antitrust review and approval.

For more information, please contact:

Advania AB
Mikael Noaksson, CEO
Email: mikael.noaksson@advania.com
Phone: +46 76 140 00 80

Visolit Group
Terje Mjøs, CEO
Email: terje.mjos@visolit.no
Phone: +47 900 34 159

Goldman Sachs Asset Management
Joseph Stein, Media Relations
Email: joseph.stein@gs.com
Phone: +44 20 7774 2523

IK Investment Partners
Maitland/AMO
Email: IK-Maitland@maitland.co.uk
Phone: +44 (0) 7342 704 229

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