IK Investment Partners (IK), a mid-market private equity firm focused on investing in Northern Continental Europe, closed its seventh fund, at €1.4bn.
Investors included Alberta Teachers Retirement Fund, Dansk Vækstkapital, HarbourVest, Hermes, MetLife Investments Limited, Minnesota State Board of Investment, SL Capital Partners and Varma.
The IK VII Fund makes majority investments in medium-sized companies in growing and mature industries in Northern Continental Europe. It targets companies where, in partnership with management, specific growth opportunities have been identified and uses its knowledge, experience and network, to accelerate growth and create value both organically and through acquisitions.
It focuses on the Nordics, DACH and France Benelux and has made the following investments:
– Veritas Petroleum Services, a global leader in testing and inspection services for the maritime and power sectors.
– Ampelmann, a Dutch supplier of Motion Compensated Gangway (MCG) systems to the offshore energy sector.
– Hansen Protection, a provider of specialist survival suits for extreme weather conditions and provider of rental transport suits to energy companies in the Norwegian Continental Shelf region.