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Press Releases

2022-05-19
Press Releases

IK Partners to sell 2Connect to Rivean Capital

IK Partners (“IK”) is pleased to announce that the IK Small Cap II Fund (“IK SC II”) has reached an agreement to sell 2Connect (“the Company”) to Rivean Capital alongside management who will be reinvesting. Financial terms of the transaction are not disclosed.

2Connect designs, develops and produces innovative and customised interconnection solutions for original equipment manufacturers (“OEMs”) and original design manufacturers (“ODMs”) globally.

Founded in 2000, the Company prides itself on setting new standards for interconnection solutions by designing high-quality and cost-effective units in partnership with its long-term client base. 2Connect employs over 450 people across its headquarters in Waalwijk, the Netherlands and three manufacturing sites in Romania and Germany. Their market reach spans over 40 countries.

IK invested in 2Connect in November 2018 and since then, the Company has more than doubled its revenues, completed two add-on acquisitions in both Germany and the Netherlands, expanded internationally and showed strong capability to scale its operations.

Mark van den Heuvel, CEO of 2Connect, commented: “We are delighted to have enjoyed a successful partnership with IK, which has seen 2Connect grow beyond all expectations and deliver on its strategic goals as a business and for our customers. Having expanded our footprint internationally we are delighted to welcome Rivean Capital on board for the next stage of the journey.”

Sander van Vreumingen, Partner at IK and Advisor to the IK SC II Fund, added: “It has been a pleasure working with the team at 2Connect for the past three years. The business is uniquely placed to capitalise on continued positive megatrends driving growth of automation and digitisation, increasing demand for sensors and advanced connectors. We are proud of everything we have achieved together and wish them well as they continue with a new partner.”

Tom Muizers, Senior Partner at Rivean Capital, said: “We are truly impressed with 2Connect’s track record of consistent growth, its entrepreneurial management team as well as its ability to maintain high standards for demanding customers while scaling up the business operationally. We are excited to join Mark and the team to build on this momentum and support them in the Company’s next phase of development and growth.”

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

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2022-04-26
Press Releases

IK Partners enters into exclusive negotiations with LGT for the acquisition of Batisanté

London, 26 April 2022 – IK Partners (“IK”) is pleased to announce that the IK IX Fund has entered into exclusive negotiations with LGT Capital Partners (“LGT”) to acquire a majority stake in Batisanté (“the Company” or “the Group”) alongside management who will be reinvesting. Financial terms of the transaction are not disclosed.

Founded in 1987 and based in Neuilly-Plaisance, France, Batisanté is a leading compliance and safety services provider, primarily servicing residential buildings and professional customers.

With approximately 500 technicians, the Company offers four main services: fire protection, pest control, diagnostics and maintenance works. Batisanté is the leading player in the Paris area and is expanding into other French regions.

The Group has been able to differentiate itself with its full-service offering, a KPI-orientated approach and solid tech-enabled capabilities. Batisanté has grown considerably over recent years, organically and via M&A. In December 2021, Batisanté completed the transformative acquisition of Bouvier, a sizeable competitor in Paris. The Company benefits from a large base of contracted revenues.

The next phase of the Company’s journey will see IK working alongside management to pursue organic growth in core verticals, cement its leadership position in the Paris area and expand into other regions.

Nicolas Milesi, CEO at Batisanté, said: “Having joined the Company in 2019, I have had the pleasure of leading the Group through a significant period of growth. Our success is due to the vast range of services we provide and our best-in-class operations. We rely on a dedicated team of experts who provide unrivalled support to all our clients. We thank LGT for their support to date and warmly welcome IK as we continue on our journey. I have no doubt that their experience and expertise will help us take the Company even further.”

Rémi Buttiaux, Managing Partner at IK and Advisor to the IK IX Fund, said: “We have been impressed with Batisanté’s journey to date and are very happy to be partnering with Nicolas and the team in the next step of their journey. The Company plays an important role in offering services that are critical for the maintenance of buildings and we have observed their resilience over time. We look forward to supporting the team with their ambitious M&A strategy.”

Etienne Haubold, Partner at LGT, said: “It has been fantastic to work with Nicolas Milesi and the wider team at Batisanté. We are delighted that we have been able to support the Company’s growth over the years; creating the French leader of the residential building protection market. We wish the team every success for the future and strongly believe that with the support of the IK team, Batisanté is very well positioned for its next phase of growth.”

For further questions, please contact:

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

Batisanté
cdellan@batisante.fr

LGT Private Debt
Phone: +33 1 81 80 56 00
guillaume.claire@lgtcp.com

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2022-04-14
Press Releases

Qualium Investissement acquires Recocash from IK Partners

Paris, 14 April 2022 – Qualium Investissement (“Qualium”) is pleased to announce that it has reached an agreement to acquire Recocash (‘the Company’) from IK Partners (“IK”). Financial terms of the transaction are not disclosed.

Since 1971, Recocash has provided its clients with an unrivalled approach to debt servicing, addressing both B2B and B2C debt claims. The Company offers tailor-made solutions adapted to each customer environment, resulting in a high level of efficiency and customer satisfaction. Thanks to its proprietary credit management software Eagle-Act, Recocash offers through its subsidiary Altisys, a full range of debt collection services from software to servicing for its diversified client base.

Recognised as one of the leading players in the French debt servicing market, Recocash employs approximately 150 people across two sites in Rambouillet and in Lyon. On an annual basis, the company handles over 1,000,000 debt claims, helping clients to optimise their payment cycles and improve cashflow.

Since 2019 and under IK’s ownership, the Company has developed rapidly and expanded its customer base, particularly in the B2B segment by leveraging its customer centric-approach and efficient servicing processes. Qualium will acquire a majority stake alongside the management.

Guillaume Peroz, Partner at Qualium, said: “Recocash is a standout player in the growing debt service market, with a long history of providing a trusted service to customers across France. With a motivated team, we are confident in the future prospects of the business and look forward to providing our support.”

Arnaud Bosc, Partner at IK and Advisor to the IK Small Cap II Fund, said: “It has been fantastic to work with Hatime, Fabienne and the Recocash team over the last few years. The Company has successfully expanded its blue-chip customer base and is now clearly recognised as a leader within the growing B2B segment. We wish everyone at Recocash every success as they move onto the next stage in their journey.”

Hatime Ouali, President of Recocash, said: “We are grateful for all the support we received from IK and are proud of the journey accomplished with the team over the past couple of years. We are excited to work together with Qualium in the next exciting phase of growth to strengthen our market position and explore new services, building on our agile organisation.”

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

Qualium Investissement
Marie Delcourt
Phone: +33 (0)6 25 35 57 04
marie.delcourt@qualium-invest.com

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2022-03-29
Press Releases

Sitevision to join forces with IK Partners

IK Partners (“IK”) is pleased to announce that the IK Small Cap III Fund has reached an agreement to invest in Sitevision AB (“Sitevision” or “the Company”), a leading Swedish content management system (“CMS”) and intranet solution provider. IK is investing from its dedicated pool of Development Capital and is acquiring its stake from the founders Anders Korsvall, Karl Eklöf, and Niclas Hedlund, all of whom will be reinvesting alongside IK and will remain majority owners. Financial terms of the transaction are not disclosed.

Sitevision is a rapidly growing and well-renowned CMS and intranet solutions platform, with a market-leading position in Sweden and a growing presence in Norway, among public institutions and mid-to-large corporate clients. The Company offers a single unified platform for both CMS and intranet solutions, allowing clients to manage content, publish information and interact with customers and employees in a flexible and accessible environment.

Sitevision was founded in 2002 in Örebro where its headquarters remain. Today, the Company has grown into one of the leading CMS and intranet providers in Sweden and has local sales presence in Stockholm, Gothenburg and more recently Oslo, as part of its strategic expansion into Norway.

Over the last 20 years, Sitevision has successfully developed and refined its proposition to meet the changing needs of its customers with regards to their external communications, as well as internally towards their employees, against the backdrop of an ever-evolving modern workplace. The core cloud-based CMS and intranet products are easy to integrate and operate with a range of customisable features which allow clients to tailor the system to their specific needs. Sitevision is in the remarkable position of having achieved Sweden’s highest customer satisfaction score for the 13th year in a row for both its CMS platform and intranet solution, according to the “Web Services Award” report.

IK will be partnering with the co-founders to continue investing in the Company’s technological platform, further strengthen its position among public and private customers in Sweden and drive international expansion in the Nordics and beyond. In addition, IK’s Operations team will support Sitevision in further developing its business operations.

Carl Jakobsson, Director at IK and Advisor to the IK funds, said: “Sitevision is a highly impressive outfit operating in an exciting and growing market space that has been subject to rapidly changing dynamics over the past few years. As organisations consciously adapt to new ways of working, the ability to interact with customers and employees efficiently has never been more critical. Anders and his team have built an outstanding reputation in Sweden as a provider of a secure, user-friendly, yet highly capable product offering. We look forward to working with them to further grow their offering and expand into neighbouring markets.”

Anders Korsvall, CEO of Sitevision, said: “After twenty years of developing our unique proposition, we are delighted to welcome the IK team as our new partner and a specialist in developing and internationalising high-potential tech-enabled business services companies. Their core values align with ours and just as we prefer to be situated close to our customers, IK’s local presence in Sweden, combined with its international platform and long track record of supporting companies of our size and position, was hugely important to us in selecting this promising partnership. We cannot wait to get started with the team and work together on our ambitious growth plans to continue being the platform of choice and fulfil our brand promise of ‘Tell your world’.

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

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2022-02-23
Press Releases

IK Partners invests in Sofia Développement

IK Partners (“IK”) is pleased to announce that the IK Small Cap III Fund has reached an agreement to invest in Sofia Développement Group (“Sofia” or “The Company”), joining existing shareholders Extens, Capital Croissance and Bpifrance to finance the acceleration of organic growth and acquisitions to come. Financial terms of the transaction are not disclosed.

Sofia is one of the leading e-health players in France and was created in 2019 following the merger of two software publishers, IDEA (Topaze and Télévitale) and SNAL (Albus). The Company supports over 31,000 healthcare professionals, including more than 17,000 independent nurses, 5,000 physiotherapists and 300 nursing centres, equipping them with its tele-transmission software as well as patient management and invoicing tech-enabled services.

Headquartered in Paris with regional offices in Antibes, Ensisheim, Nantes and Venelles, Sofia employs over 180 people and is led by CEO, Geoffroy Lapointe and Jean-Marc Salvan, Managing Director, Chairman of the Strategic Committee and Founder of IDEA. Management will be reinvesting alongside IK and the existing shareholders.

IK’s investment will help accelerate Sofia’s growth and support its strategy to expand the offering beyond web and mobile tele-transmission towards a fully integrated digital practice management solution.

Arnaud Bosc, Partner at IK and Advisor to the IK Small Cap III Fund: “We have been impressed by Sofia’s remarkable growth over the past few years. Sofia is highly recognised in its market thanks to its next-generation digital offering for healthcare professionals. We are delighted to be partnering with Geoffroy, Jean-Marc and the management team in addition to the existing shareholders with whom we share the same ambition.”

Jean-Marc Salvan, Founder of IDEA, Chairman of Strategic Committee and Managing Director of Sofia: “We would like to thank Extens, Capital Croissance and Bpifrance for their support over the past few years and look forward to welcoming IK. It is our hope that we will further accelerate our growth as a result, with the aim of becoming the leading e-health player in France.”

Geoffroy Lapointe, CEO of Sofia: “We are excited to partner with IK to keep building and accelerating Sofia’s growth. Providing our clients with innovative solutions and services, tailored to their practice and the time they dedicate to their patients, is of utmost importance to us and therefore, we would like to evolve this further to ensure we are meeting the needs of those we serve.”

Quentin Jacomet, Partner at Extens: “The Group’s track record since 2017 is a great example of Extens’ DNA and its role in supporting healthcare software champions. We are pleased to welcome IK as a co-investor who is also renowned for its strong involvement alongside management teams.”

Eric Neuplanche, Founder of Capital Croissance: “We are very pleased with our established partnership with Sofia’s management team, with whom we share common values. This has enabled the Group to accelerate its growth over the past few years and we are excited to continue this project, welcoming IK as a co-investor for the next stage on this journey.”

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

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

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2022-01-19
Press Releases

FCG partners with IK to build a leading GRC services provider in the European market

FCG Group AB (“FCG”) is pleased to announce a partnership with IK Partners (“IK”), with the target to become a leading governance, risk management and compliance (“GRC”) services provider in the European market. IK acquires its stake in FCG from Bridgepoint Group plc (“Bridgepoint”), becoming the new majority owner.

IK, a European private equity firm, announced today that IK Small Cap III Fund has signed an agreement to acquire FCG, from international private equity group Bridgepoint. The deal, which is subject to customary regulatory approvals, is expected to close in the second quarter of 2022. Financial terms of the transaction are not disclosed.

FCG is a GRC services provider, offering advisory, outsourcing, GRC technology and fund administration services to the financial services industry. With in-depth expertise, FCG helps clients manage their challenges and guide them in an ever-changing environment. Founded in 2008 and headquartered in Stockholm, Sweden, FCG has evolved to become a leading Nordic GRC player with more than 270 employees located across six offices in the Nordics and Germany. FCG is serving a diversified customer base ranging from fast-growing fintech start-ups to large banks.

Together with IK, FCG plans to continue its international growth strategy, further strengthen the service offering within key growth areas such as ESG and build its position as a leading GRC technology provider. IK is acquiring its stake alongside management and key employees who will be reinvesting and remain significant shareholders. FCG will continue to be led by the CEO Kristian Bentzer and his team.

“We are pleased to welcome IK as our new partner and majority owner as we embark on the next phase of our journey to become a leading European GRC-firm. This partnership will form a solid basis on which we can further strengthen and accelerate our growth ambitions. Since inception, we have continuously developed our offering to become a full-service GRC player in the Nordics and Germany and we look forward to expanding our geographical presence and service offering together with IK.” says Kristian Bentzer, Group CEO and Partner at FCG.

“FCG occupies a leading position in a growing market with favourable underlying drivers. In an ever-evolving regulatory environment with increased complexity, the demand for GRC services is expected to increase over time. We’ve been following FCG for many years and believe the company is well positioned to cater to that demand and we look forward to partnering with Kristian and the entire FCG team to continue to build upon their impressive track record.” says Erik Ingemarsson, Partner at IK Partners and Advisor to the IK Small Cap III Fund.

“We have had the pleasure to partner with a talented and highly committed team; the progress that FCG has achieved during our ownership has been impressive. During this period, FCG has more than doubled in size, through both internal business development and M&A, expanding the service offering across the GRC arena, added tech capabilities and software solutions and also expanded internationally. FCG is now well placed to continue its growth ambitions and development under new ownership, and we look forward to following the Company’s future development.” says Johan Dahlfors, Partner at Bridgepoint Development Capital and responsible for its investment activities in the Nordic region.

The transaction is subject to competition clearance and regulatory approvals.

For media enquiries and further information, please contact:

FCG
Kristian Bentzer, Group CEO and Partner
+46766350507
kristian.bentzer@fcg.se

Maria Sandström Anderson, Chief Marketing Officer
+46733850643
maria.sandstrom@fcg.se

IK Partners
Vidya Verlkumar, Marketing and Communications Manager
+447787558193
vidya.verlkumar@ikpartners.com

Bridgepoint
James Murray
+44 207 034 3555
james.murray@bridgepoint.eu

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