Skip to main content

All News

2021-11-18
Portfolio Company News

Klingel medical metal acquires Swiss-based MedTech company Ruetschi

Klingel medical metal group (“Klingel”), owned by the IK Partners’ funds, announces that it has signed an agreement to acquire Ruetschi Technology Holding AG (“Ruetschi”). Ruetschi is a leading contract manufacturer for medical devices, with a special focus on sterile packaged single-use procedure kits for orthopedic, spinal and dental surgery. This transaction represents the fourth acquisition for Klingel since IK Partners (“IK”) acquired a majority stake in 2018.

Ruetschi was founded in 1960 and employs more than 200 people at three production sites in Muntelier (CH), Yverdon (CH) and Renquishausen (DE). Like Klingel, Ruetschi is a leading one-stop-shop with profound expertise in engineering, product innovation and development as well as regulatory requirements. It operates a state-of-the-art machine park and serves a number of top MedTech OEM customers.

Through the acquisition, Klingel further strengthens its leading position as MedTech CMO in Europe and a key partner for its global customer base highest quality requirements.

Ralf Petrawitz, CEO of Klingel, said: “Ruetschi is the perfect complement for our growing MedTech platform in Europe. The combination does not only add further manufacturing capabilities to Klingel’s offering, but also brings leading MedTech customers to the group. We look forward to continuing the journey and grow stronger and larger together with Ruetschi.”

Christoph Ruetschi, CEO of Ruetschi, said: “We are very happy to have found a good partner with Klingel to form a clear leader in our field. Klingel is the perfect home for our 200 employees and will enable the company to thrive as part of a European group. Together we will be able to serve our customers even better by offering a broader set of services.”

Press Contacts

Klingel medical metal
Ralf Petrawitz
+49 7231 6519 0

IK Partners
Maitland/AMO
James McFarlane
jmcfarlane@maitland.co.uk

Download
2021-11-9
Press Releases

IK Partners to acquire Truesec

IK Partners (“IK”) is pleased to announce that the IK IX Fund has signed an agreement to acquire Truesec Group AB (“Truesec” or “Group”) from Sobro, alongside management and employees who will be reinvesting. Financial terms of the transaction are not disclosed.

Founded in 2005 by Marcus Murray and headquartered in Stockholm, Sweden, Truesec is the leading independent cybersecurity service provider in Sweden. Its purpose is to prevent and reduce impact from cyberattacks, making a true difference to today’s connected society. This purpose, coupled with its strong culture and diverse opportunities, ensures that Truesec successfully attracts the best talent in the cybersecurity industry. At present, the Group employs approximately 180 individuals.

The Group has a loyal and diverse customer base comprising of predominantly enterprise clients who are spread out across various industries. It is the most natural and preferred cybersecurity partner to many organisations due to its broad range of competencies, highly skilled experts and long-standing customer relationships.

Since inception, the Group has enjoyed a continuous growth in revenues, strengthened its market-leading position as an independent cybersecurity service provider, been able to recruit the top cybersecurity experts and evolved from a nascent challenger to a best-in-class end-to-end cybersecurity partner. The next phase of the journey will focus on continuing to recruit the best talent within the cybersecurity industry, continuing to be the preferred cybersecurity partner to both Swedish and international companies and developing new and relevant services and capabilities while growing the Truesec position internationally. The Group will continue to be led by CEO Anna Averud and her team.

Anna Averud, CEO of Truesec, said: “We firmly believe that a partnership between Truesec and IK will form a solid basis for capturing value creation opportunities across several dimensions, specifically helping us to further solidify the Group’s market position in the Nordics as well as expand its presence outside current core markets.”

Marcus Murray, Founder of Truesec, said: “We’re delighted to have IK’s trust and support as we mark the beginning of Truesec’s journey to become an international leader in cybersecurity. The demand for our expertise and capabilities to prevent breach and minimise the impact from cybercrime has never been greater. With IK’s support, we are confident that we will become a stronger partner to our clients and be able to expand our international footprint to create world-class solutions to meet the global challenge of defending against cybercrime today and tomorrow.”

Alireza Etemad, Partner at IK Partners and Advisor to the IK IX Fund, said: “At IK, we pride ourselves on being ‘People-First Private Equity because it’s amazing what happens when you put people first. We discover new ways to grow together, better ways to build on success and we see possibilities everywhere. We feel that this ethos, together with our core values, aligns well with those of Truesec’s. The Group is a real success story and has experienced tremendous growth in a very short time. With plenty of opportunities to further expand, coupled with a very experienced management team, we look forward to a strong partnership with them and look forward to supercharging the next phase of their growth journey.”

David Stenlund Sager, Partner at Sobro, commented: “We are proud to have supported Truesec for the past three years as it has accelerated its growth and strengthened its position as the leading pure-play cybersecurity services provider in Sweden. It has been a pleasure working with the team and we wish both management and IK all the very best for the future.”

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

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

Download
2021-11-8
Press Releases

IK Partners to sell BST to Norvestor

IK Partners (“IK”) is pleased to announce that the IK Small Cap II Fund has signed an agreement to sell its entire stake in BST Group Nordic AB (“BST” or “the Company”) to Norvestor. Financial terms of the transaction are not disclosed.

Founded in 2012 and headquartered in Stockholm, Sweden, BST is a market leading full-service provider of active fire protection services. The Company, which is the largest pure-play active fire protection services provider in Sweden with an emerging presence across the Nordics, employs approximately 430 people across the region.

IK partnered with BST in May 2019 and since then has helped facilitate the Company’s strategic development through its investments in the operations and leadership functions as well as accelerating the Company’s organic growth in existing business areas. During the partnership, BST has also expanded into new service niches such as fire engineering, The organic growth-focused efforts were paired with an ambitious buy-and-build strategy, which entailed six bolt-on acquisitions in addition to greenfield establishments in Denmark and Norway.

Kristian Carlsson Kemppinen, Managing Partner at IK Partners and Advisor to the IK Small Cap II Fund, said: “BST has grown substantially over the course of our partnership from a local sprinkler specialist in Sweden into a national active fire protection leader with a growing Nordic presence. Through a focus on operational excellence and strong organic growth coupled with selective acquisitive growth, we’ve achieved almost a tripling of EBITA and entry into new attractive business areas and markets. We wish the team at BST every success in the future.”

Peter Bühler, CEO and Co-Founder of BST, commented: “IK has been a terrific partner over the last two and a half years, combining direct knowledge of our sector and offering value accretive hands-on support. Their support enabled our growth ambitions to materialise, allowing us to accelerate the growth of our core business as well as expanding our service offering organically and through complementary acquisitions.”

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

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

Download
2021-11-2
Portfolio Company News

Leading cybersecurity company Infradata continues European expansion as Nomios

THE NETHERLANDS, November 2nd 2021 –  Leading security and network service provider Infradata has changed its name to Nomios. Under the Nomios Group, all Infradata companies in Belgium, Germany, the Netherlands, Poland and the United Kingdom can focus on further European expansion in the coming years.

The name change marks the transformation of the company. Infradata started 17 years ago as a network integrator, and since expanded to also become a cyber security expert. New offices and acquisitions resulted in international expansion. The company saw its turnover grow by 30% per year to 250 million euros and now has more than 500 employees worldwide, throughout twenty locations. It provides cybersecurity and network services to over 2,500 clients worldwide, including many large enterprises, tier-1 service providers, public institutions, datacenter and cloud providers. Nomios has longstanding strategic partnerships with the key vendors in the industry like Palo Alto Networks, Juniper Networks, F5 Networks, Cisco, Vectra AI, Fortinet, Cybereason, and others.

Nomios’ focus will remain the same: be a trusted partner in a collaborative approach with clients and vendors to create the best possible solutions and services when it comes to cybersecurity and network infrastructure. As the digitization of society and the economy has accelerated over the past years, those solutions and services have never been more important. Many of the company’s clients are part of the vital digital infrastructure and rely on Nomios to manage and monitor their networks.

Ad Scheepbouwer, the former CEO of KPN and TNT, among others, was appointed Non-Executive Chairman of the Board of Directors in 2019. “The growing demand for cybersecurity services has allowed the company to operate on an increasingly large scale in Europe. As Nomios Group, we are in a position to become the largest pan-European supplier of cybersecurity and network services,” says Scheepbouwer.

“Nomios plays a key role in many large scale data networks throughout Europe. The name change marks a new phase in our journey. As a relatively young company, we have experienced significant growth. We look forward to continuing our expansion as Nomios and to secure and connect our clients’ digital infrastructures,” says Nomios Group CEO Sébastien Kher.

Note to editors:

For more information, media can contact Richard Landman, Head of Digital Marketing at Nomios, Mob: +31 -624693070, Email: richard.landman@infradata.com. Also visit: www.nomios.com.

Download
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

Download
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

Download