IK Partners

IK Partners' Frances Houweling, Partners Group's Jean Ghabache, and Bain Capital's Paul Moskowitz share their insight on the market's developments.

The acquisition provides Wendel Group with the foundation to raise third-party capital and for IK to branch out into other strategies.

The mid-market firm plans to back about 20 companies in Northern Europe with its IK X Fund, US pension documents show.

The fundraise comes around one year after the pan-Europe specialist raised almost €3bn for its ninth flagship strategy.

The investment manager is in market with eight funds including a dedicated Asia fund, a 2020 global fund and its third venture vehicle.

The pan-European firm has yet to begin investing the fund, which raised around €1bn from new investors.

Iberia and the DACH region also posted significant declines in the first half, according to Silverfleet’s latest Buy & Build Monitor.

Warehouse automation business Transnorm was transformed under IK Investment Partners’ ownership, doubling revenues and tripling profits.