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IK Partners

IK Partners

London, United Kingdom·Founded 1989··ikpartners.com

IK Partners is a pan-European mid-market private equity firm founded in 1989 as Industri Kapital and headquartered in London, with the UK advisory entity IK Investment Partners Limited (Companies House 02763049) authorised and regulated by the FCA. The firm invests across Mid Cap, Small Cap, Development Capital and Partnership Fund strategies, focusing on Business Services, Healthcare and Industrials, and manages around EUR 14 billion across more than 200 professionals in offices including London, Stockholm, Hamburg, Paris, Amsterdam and Luxembourg. Wendel acquired a majority stake in IK Partners in 2024.

AUM
€13.8B
Funds
18
vintages 1989–2025
Portfolio
81
Exits
137
SectorsBusiness ServicesHealthcareIndustrials

Key facts

HQLondon, United Kingdom
Founded1989
Employees200+

Recent exits

Sofia Developpement
Healthcare · 2026 · 4yr hold
Innovad
Consumer · 2026 · 5yr hold
Acture Group
Business Services · 2025 · 5yr hold
GeoDynamics
TMT · 2025 · 5yr hold

Coverage notes

18 funds tracked, 218 portfolio companies (81 active · 137 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund IK Partners has raised, with its portfolio companies. Hand-checked from public filings.

18 funds
IK Partnership Fund IIIGrowth
2025 · 1yr€500M3 active

Unrealized

3 held
OCTIMEActive
SoftwareFrance· Entry 2024
TMTFrance· Entry 2024
Business ServicesUK· Entry 2025
IK Small Cap IVBuyout
2025 · 1yr€2.0B6 active

Unrealized

6 held
FinancialsGermany· Entry 2025
AscoraActive
TMTGermany· Entry 2025
FinancialsNetherlands· Entry 2026
EndrixActive
Business ServicesFrance· Entry 2025
TELLActive
Business ServicesNorway· Entry 2025
FinancialsNL· Entry 2026
IK X (Mid Cap)Buyout
2024 · 2yr€3.3B11 active

Unrealized

11 held
BOMAActive
Business ServicesNorway· Entry 2024
Business ServicesUK· Entry 2025
DRIESCHERActive
IndustrialsGermany· Entry 2024
HealthcareFrance· Entry 2024
EurofeuActive
IndustrialsFrance· Entry 2024
IndustrialsSweden· Entry 2025
KooiActive
TMTNetherlands· Entry 2024
FinancialsFrance· Entry 2025
SterimedActive
HealthcareFrance· Entry 2025
HealthcareFrance· Entry 2025
TrusecActive
TMTSweden· Entry 2021
IK Strategic Opportunities IBuyout
2024 · 2yr€505M1 active

Unrealized

1 held
FinancialsNetherlands· Entry 2024
IK Partnership Fund IIGrowth
2022 · 4yr€335M5 active

Unrealized

5 held
A-SAFEActive
IndustrialsUK· Entry 2024
IndustrialsFrance· Entry 2022
HealthcareFrance· Entry 2023
WishcardActive
ConsumerFrance· Entry 2022
IK Small Cap IIIBuyout
2021 · 5yr€1.2B27 active · 2 realized

Unrealized

27 held
AdvisenseActive
Business ServicesSweden· Entry 2022
BIOBankActive
HealthcareFrance· Entry 2024
IndustrialsFrance· Entry 2021
Business ServicesUK· Entry 2024
DalsActive
Business ServicesUK· Entry 2021
DefibrionActive
HealthcareNetherlands· Entry 2024
IndustrialsUK· Entry 2025
IndustrialsUK· Entry 2023
Business ServicesIreland· Entry 2025
KISActive
IndustrialsNorway· Entry 2024
TMTNorway· Entry 2024
LinxeaActive
Business ServicesFrance· Entry 2023
LohoffActive
Business ServicesGermany· Entry 2025
MMSActive
Business ServicesFrance· Entry 2023
MMS GroupActive
IndustrialsFrance· Entry 2023
TMTFrance· Entry 2023
HealthcareBelgium· Entry 2021
Business ServicesFrance· Entry 2022
QconceptsActive
Business ServicesNetherlands· Entry 2024
RemazingActive
Business ServicesGermany· Entry 2022
Business ServicesSweden· Entry 2023
SansidorActive
IndustrialsNetherlands· Entry 2024
IndustrialsAustria· Entry 2024
Business ServicesSweden· Entry 2022
STEIN HGSActive
Business ServicesGermany· Entry 2022
TecomaticActive
IndustrialsSweden· Entry 2025
IndustrialsBelgium· Entry 2023

Realized

2 exits
Pr0ph3cy GroupExited 2023
TMTFrance· Entry 2021
HealthcareFrance· Entry 2022
Trade Saleto
IK IX (Mid Cap)Buyout
2020 · 6yr€2.9B14 active · 2 realized

Unrealized

14 held
AdvaniaActive
TMTIceland· Entry 2021
Business ServicesFrance· Entry 2022
FinancialsUK· Entry 2024
ConsumerNetherlands· Entry 2023
iadActive
TMTFrance· Entry 2021
iad GroupActive
Business ServicesFrance· Entry 2021
IG&HActive
TMTNetherlands· Entry 2021
KersiaActive
HealthcareFrance· Entry 2020
HealthcareFrance· Entry 2023
MÜPROActive
IndustrialsGermany· Entry 2022
QuestelActive
Business ServicesFrance· Entry 2020
IndustrialsFinland· Entry 2022
ConsumerFrance· Entry 2021
TruesecActive
TMTSweden· Entry 2021

Realized

2 exits
CONET GroupExited 2023
TMTGermany· Entry 2021
to
InnovadExited 2026
ConsumerBelgium· Entry 2021
Secondaryto
IK Partnership Fund IGrowth
2019 · 7yr€300M5 active

Unrealized

5 held
FormueActive
FinancialsNorway· Entry 2021
FinancialsFrance· Entry 2021
HealthcareFrance· Entry 2019
Business ServicesUK· Entry 2021
HealthcareFrance· Entry 2021
IK Small Cap IIBuyout
2018 · 8yr€550M2 active · 15 realized

Unrealized

2 held
EQQOActive
ConsumerSweden· Entry 2020
ConsumerUK· Entry 2020

Realized

15 exits
2ConnectExited 2022
IndustrialsNetherlands· Entry 2018
Secondaryto
Acture GroupExited 2025
Business ServicesNetherlands· Entry 2020
Secondaryto
Ascentiel GroupeExited 2024
Business ServicesFrance· Entry 2021
Secondaryto
IndustrialsGermany· Entry 2018
Trade Saleto
BSTExited 2021
IndustrialsSweden· Entry 2019
BST Group NordicExited 2021
IndustrialsSweden· Entry 2019
Secondaryto
CarspectExited 2024
Business ServicesSweden· Entry 2018
Trade Saleto
GeoDynamicsExited 2025
TMTBelgium· Entry 2020
Secondaryto
MabtechExited 2024
HealthcareSweden· Entry 2019
Secondaryto
MecenatExited 2024
Business ServicesSweden· Entry 2021
Secondaryto
NetCo GroupExited 2021
IndustrialsFrance· Entry 2019
Secondaryto
QuanosExited 2023
TMTGermany· Entry 2018
Secondaryto
RecocashExited 2022
Business ServicesFrance· Entry 2019
Secondaryto
Valoria CapitalExited 2023
FinancialsFrance· Entry 2021
Yellow HiveExited 2024
FinancialsNetherlands· Entry 2020
IK VIII (Mid Cap)Buyout
2016 · 10yr€1.9B5 active · 19 realized

Unrealized

5 held
HealthcareGermany· Entry 2016
LAP GroupActive
HealthcareGermany· Entry 2019
TMTGermany· Entry 2020
HealthcareGermany· Entry 2020
IndustrialsNetherlands· Entry 2018

Realized

19 exits
AspiaExited 2023
Business ServicesSweden· Entry 2018
Secondaryto
Cérélia GroupExited 2020
ConsumerFrance· Entry 2015
CID LINESExited 2020
HealthcareBelgium· Entry 2016
Trade Saleto
ColiséeExited 2020
HealthcareFrance· Entry 2017
Secondaryto
EllabExited 2019
IndustrialsDenmark· Entry 2016
Secondaryto
Eres GroupExited 2024
Business ServicesFrance· Entry 2019
Secondaryto
HealthcareGermany· Entry 2018
Trade Saleto
LINXIS GroupExited 2022
IndustrialsFrance· Entry 2017
Trade Saleto
LøgismoseExited 2023
ConsumerDenmark· Entry 2015
ConsumerFrance· Entry 2018
Trade Saleto
Marle GroupExited 2019
HealthcareFrance· Entry 2016
NetelExited 2025
Business ServicesSweden· Entry 2016
IPOto
Nomios GroupExited 2023
TMTFrance· Entry 2019
Secondaryto
IndustrialsFrance· Entry 2017
Trade Saleto
QuestelExited 2020
Business ServicesFrance· Entry 2018
Secondaryto
SCHOCKExited 2021
IndustrialsGermany· Entry 2016
Secondaryto
Signature FoodsExited 2021
ConsumerNetherlands· Entry 2016
Secondaryto
VisolitExited 2021
TMTNorway· Entry 2016
Trade Saleto
VPSExited 2021
IndustrialsUK· Entry 2013
IK Small Cap IBuyout
2015 · 11yr€277M1 active · 11 realized

Unrealized

1 held
TMTSweden· Entry 2017

Realized

11 exits
APOSANExited 2020
HealthcareGermany· Entry 2016
Trade Saleto
Auxiga GroupExited 2019
Business ServicesFrance· Entry 2015
Secondaryto
Domia GroupExited 2024
ConsumerFrance· Entry 2018
Secondaryto
Izium GroupExited 2017
Business ServicesFrance· Entry 2016
Trade Saleto
TMTGermany· Entry 2017
Trade Saleto
TMTSweden· Entry 2016
Trade Saleto
StudienkreisExited 2023
ConsumerGermany· Entry 2017
Trade Saleto
svt GroupExited 2018
IndustrialsGermany· Entry 2015
Secondaryto
TCM GroupExited 2017
ConsumerDenmark· Entry 2016
IPOto
Third BridgeExited 2021
Business ServicesUK· Entry 2017
Secondaryto
TouristryExited 2018
ConsumerSweden· Entry 2016
Trade Saleto
IK VII (Mid Cap)Buyout
2013 · 13yr€1.4B0 active · 9 realized

Realized

9 exits
AmpelmannExited 2025
IndustrialsNetherlands· Entry 2013
Trade Saleto
CéréliaExited 2020
ConsumerFrance· Entry 2015
Secondaryto
Evac GroupExited 2017
IndustrialsFinland· Entry 2014
Secondaryto
ExxeliaExited 2023
IndustrialsFrance· Entry 2014
Trade Saleto
IndustrialsNorway· Entry 2013
Trade Saleto
Logismose MeyersExited 2023
ConsumerDenmark· Entry 2015
Trade Saleto
RamuddenExited 2017
Business ServicesSweden· Entry 2014
Secondaryto
TransnormExited 2018
IndustrialsGermany· Entry 2014
Trade Saleto
EnergyNetherlands· Entry 2013
Secondaryto
IK 2007Buyout
2007 · 19yr€1.7B1 active · 17 realized

Unrealized

1 held
SavenaActive
AgricultureFrance· Entry 2011

Realized

17 exits
ActicExited 2017
HealthcareSweden· Entry 2012
Agros NovaExited 2015
ConsumerPoland· Entry 2010
Colosseum DentalExited 2017
HealthcareNorway· Entry 2010
IndustrialsNetherlands· Entry 2011
EPiServerExited 2014
TMTSweden· Entry 2010
EtancoExited 2011
IndustrialsFrance· Entry 2008
Europe SnacksExited 2013
ConsumerFrance· Entry 2010
FlabegExited 2013
IndustrialsGermany· Entry 2008
GHDExited 2014
HealthcareGermany· Entry 2010
Hansa GroupExited 2013
IndustrialsGermany· Entry 2011
Minimax VikingExited 2014
IndustrialsGermany· Entry 2006
Schenck ProcessExited 2017
IndustrialsGermany· Entry 2007
Solina GroupExited 2015
ConsumerUK· Entry 2011
Trigo GroupExited 2016
IndustrialsFrance· Entry 2011
Unipex GroupExited 2015
IndustrialsUK· Entry 2012
VemediaExited 2016
ConsumerNetherlands· Entry 2012
Vistra GroupExited 2015
ConsumerLuxembourg· Entry 2009
IK 2004Buyout
2004 · 22yr€825M0 active · 10 realized

Realized

10 exits
AttendoExited 2015
HealthcareSweden· Entry 2007
AxtoneExited 2017
IndustrialsPoland· Entry 2008
HealthcareFrance· Entry 2006
Secondaryto
DYWIDAG SystemsExited 2007
IndustrialsGermany· Entry 2005
ELFAExited 2008
TMTSweden· Entry 2006
Kid InteriørExited 2009
Business ServicesNorway· Entry 2005
MagotteauxExited 2011
IndustrialsBelgium· Entry 2007
MoventasExited 2011
IndustrialsFinland· Entry 2007
PrevestaExited 2007
FinancialsSweden· Entry 2005
SIA GroupExited 2009
ConsumerFrance· Entry 2005
IK 2000Buyout
2000 · 26yr€2.1B0 active · 19 realized

Realized

19 exits
Alfa LavalExited 2005
ConsumerSweden· Entry 2000
HealthcareFrance· Entry 2003
MBOto
CPS ColorExited 2008
TMTFinland· Entry 2000
DataphoneExited 2008
TMTSweden· Entry 2001
Dyno NobelExited 2005
IndustrialsAustralia· Entry 2000
Eltel NetworksExited 2007
TMTSweden· Entry 2001
EuroprisExited 2012
ConsumerNorway· Entry 2004
FortexExited 2005
TMTUS· Entry 2000
GardenaExited 2007
ConsumerGermany· Entry 2002
IndustrialsFrance· Entry 2001
IdexExited 2011
IndustrialsFrance· Entry 2004
KwintetExited 2015
IndustrialsSweden· Entry 2005
Labeyrie GroupExited 2004
ConsumerFrance· Entry 2002
Laho EquipementExited 2005
IndustrialsFrance· Entry 2000
Sport GroupExited 2015
ConsumerGermany· Entry 2006
ConsumerFinland· Entry 2005
Sydsvenska KemiExited 2005
IndustrialsSweden· Entry 2001
WehkampExited 2008
ConsumerNetherlands· Entry 2006
WelzorgExited 2011
HealthcareNetherlands· Entry 2002
IK 1997Buyout
1997 · 29yr€750M0 active · 12 realized

Realized

12 exits
Arca SystemsExited 2005
IndustrialsSweden· Entry 1998
ConsumerNetherlands· Entry 1999
DyneaExited 2014
IndustrialsNorway· Entry 1999
ElektrokopparExited 2007
IndustrialsSweden· Entry 1997
F GroupExited 2006
ConsumerDenmark· Entry 2001
i-CenterExited 2001
Business ServicesGermany· Entry 1998
Intrum JustitiaExited 2005
Business ServicesSweden· Entry 2002
IndustrialsNorway· Entry 1999
MacGregorExited 2005
IndustrialsSweden· Entry 1998
OriflameExited 2006
IndustrialsSweden· Entry 1999
ParocExited 2003
IndustrialsFinland· Entry 1999
SuperfosExited 2011
IndustrialsDenmark· Entry 1999
IK 1994Buyout
1994 · 32yr€250M0 active · 9 realized

Realized

9 exits
AddumExited 2000
IndustrialsSweden· Entry 1996
AmasExited 2001
IndustrialsNetherlands· Entry 1995
ConsolisExited 2005
IndustrialsFinland· Entry 1997
EllosExited 1997
TMTSweden· Entry 1995
Enermet GroupExited 2006
TMTFinland· Entry 1999
KCI KonecranesExited 1996
IndustrialsFinland· Entry 1994
NobiaExited 2004
ConsumerSweden· Entry 1996
PietersExited 2000
AgricultureBelgium· Entry 1998
VSM GroupExited 2006
TMTSweden· Entry 1997
IK 1989Buyout
1989 · 37yr€108M0 active · 12 realized

Realized

12 exits
IndustrialsDenmark· Entry 1992
CSE OxfordExited 1997
EducationUK· Entry 1990
GraphiumExited 1993
Business ServicesSweden· Entry 1990
GuldfyndExited 2001
ConsumerSweden· Entry 1993
Hjem-Is EuropaExited 1997
Business ServicesDenmark· Entry 1992
IdestaExited 1999
IndustrialsSweden· Entry 1989
LiberExited 1993
IndustrialsSweden· Entry 1990
LindexExited 1995
IndustrialsSweden· Entry 1993
LithellsExited 1997
ConsumerSweden· Entry 1994
Liva BilExited 1993
FinancialsNorway· Entry 1991
NYGE AeroExited 1999
IndustrialsSweden· Entry 1990
PartenaExited 1995
Business ServicesBelgium· Entry 1992
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About IK Partners

IK Partners is a British private equity and investment platform with €13.8 billion of assets under management as of December 2024, headquartered in London. The firm operates across multiple alternative strategies, with capital deployed into European businesses across industrials, business services, consumer, TMT, healthcare and financials.

Investment thesis

IK Partners operates across complementary alternative investment strategies, deploying capital into European businesses across industrials, business services, consumer, TMT, healthcare and financials. The multi-strategy platform enables diversified capital deployment across the business lifecycle from venture and growth equity to mid-cap buyouts, with capital sourced from institutional limited partners and selective family-office capital across the United Kingdom and broader European market.

Recent activity

Recent realised exits include Innovad (consumer, 2026), Sofia Développement (TMT, 2026), Netel (business services, 2025) and Acture Group (business services, 2025). The platform tracks 19 fund vehicles, 82 active portfolio companies and 138 realised exits across the strategy's history. Detailed buyer names and multiple data available on Pro at €29/month.

Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Dan Soudry
Managing Partner, Head of Mid Cap · Mid Cap funds. Healthcare sector lead. HEC Paris 1993. 30+ deals
Kristian Carlsson Kemppinen
Managing Partner, Head of Small Cap · Small Cap strategy. Stockholm. Joined IK 2001. Helsinki School of Economics
Rémi Buttiaux
Managing Partner, Business Services Lead · French Mid Cap. Business Services sector. HEC Paris 1999. Ex-Morgan Stanley
Remko Hilhorst
Managing Partner, Industrials · Mid Cap Amsterdam. Industrials sector. 40+ deals. U Amsterdam MA. Harvard Business School PLD 2008
Christopher Masek
CEO · CEO since 2012. Led transformation to multi-strategy pan-European firm. Sciences Po, Yale, KPMG CF Paris
Last updated April 2026 · Sourced from public filings