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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 its UK advisory entity IK Investment Partners Limited 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
88
Exits
138

Key facts

HQLondon, United Kingdom
Founded1989
Employees200+

Recent exits

Sofia Developpement
Sofia Developpement
Healthcare2026 · 4yr hold
Innovad
Innovad
Consumer2026 · 5yr hold
MDT Technologies
TMT2026 · 6yr hold
Acture Group
Acture Group
Business Services2025 · 5yr hold

Coverage notes

18 funds tracked, 226 portfolio companies (88 active · 138 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

226 companies
Industrials
70 · 31%
Business Services
43 · 19%
Consumer
33 · 15%
TMT
30 · 13%
Healthcare
25 · 11%
Financials
12 · 5%
Education
3 · 1%
MedTech
2 · 1%

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
OCTIME
OctimeActive
SoftwareFrance· Entry 2024
OCTIME GroupActive
TMTFrance· Entry 2024
Business ServicesUK· Entry 2025
IK Small Cap IVBuyout
2025 · 1yr€2.0B7 active

Unrealized

7 held
FinancialsGermany· Entry 2025
AscoraActive
TMTGermany· Entry 2025
DATAPART
DatapartActive
FintechGermany· Entry 2025
Domek Group
Domek GroupActive
FinancialsNetherlands· Entry 2026
Endrix
EndrixActive
Business ServicesFrance· Entry 2025
TELL
TELLActive
Business ServicesNorway· Entry 2025
TrustmooreActive
FinancialsNL· Entry 2026
IK X (Mid Cap)Buyout
2024 · 2yr€3.3B14 active

Unrealized

14 held
BOMAActive
Business ServicesNorway· Entry 2024
Business ServicesUK· Entry 2025
DRIESCHER
DriescherActive
IndustrialsGermany· Entry 2024
EresActive
Business ServicesFrance· Entry 2024
HealthcareFrance· Entry 2024
Eurofeu
EurofeuActive
IndustrialsFrance· Entry 2024
IndustrialsSweden· Entry 2025
Kooi
KooiActive
TMTNetherlands· Entry 2024
OCTIME
OctimeActive
IT ServicesFrance· Entry 2024
FinancialsFrance· Entry 2025
SelatekActive
Business ServicesSweden· Entry 2026
Sterimed
SterimedActive
MedTechFrance· Entry 2025
HealthcareFrance· Entry 2025
TrusecActive
TMTSweden· Entry 2021
IK Strategic Opportunities IBuyout
2024 · 2yr€505M1 active

Unrealized

1 held
Yellow Hive
Yellow HiveActive
FinancialsNetherlands· Entry 2024
IK Partnership Fund IIGrowth
2022 · 4yr€335M7 active

Unrealized

7 held
A-SAFE
A-safeActive
IndustrialsUK· Entry 2024
IndustrialsUK· Entry 2023
MueproActive
IndustrialsGermany· Entry 2022
Safic-Alcan
Safic-AlcanActive
IndustrialsFrance· Entry 2022
HealthcareFrance· Entry 2023
Wishcard
WishcardActive
ConsumerFrance· Entry 2022
IK Small Cap IIIBuyoutHarvesting
2021 · 5yr€1.2B29 active · 2 realized

Unrealized

29 held
Advisense
AdvisenseActive
Business ServicesSweden· Entry 2022
BIOBank
BIOBankActive
HealthcareFrance· Entry 2024
Blanchon
BlanchonActive
Real EstateFrance· Entry 2021
IndustrialsFrance· Entry 2021
Business ServicesUK· Entry 2024
Dals
DalsActive
Business ServicesUK· Entry 2021
DefibrionActive
HealthcareNetherlands· Entry 2024
IndustrialsUK· Entry 2025
Ipsum Group
Ipsum GroupActive
IndustrialsUK· Entry 2023
Business ServicesIreland· Entry 2025
KISActive
IndustrialsNorway· Entry 2024
TMTNorway· Entry 2024
Linxea
LinxeaActive
Business ServicesFrance· Entry 2023
Lohoff
LohoffActive
Business ServicesGermany· Entry 2025
MMSActive
Business ServicesFrance· Entry 2023
MMS Group
MMS GroupActive
IndustrialsFrance· Entry 2023
TMTFrance· Entry 2023
Plastiflex
PlastiflexActive
HealthcareBelgium· Entry 2021
Plus que PROActive
Business ServicesFrance· Entry 2022
QconceptsActive
Business ServicesNetherlands· Entry 2024
Remazing
RemazingActive
Business ServicesGermany· Entry 2022
Business ServicesSweden· Entry 2023
Sansidor
SansidorActive
IndustrialsNetherlands· Entry 2024
IndustrialsAustria· Entry 2024
Sitevision
SitevisionActive
Business ServicesSweden· Entry 2022
Skill&You
Skill&YouActive
EducationFrance· Entry 2021
STEIN HGS
Stein HGSActive
Business ServicesGermany· Entry 2022
TecomaticActive
IndustrialsSweden· Entry 2025
IndustrialsBelgium· Entry 2023

Realized

2 exits
Pr0ph3cy GroupExited 2023
TMTFrance· Entry 2021
Secondaryto
Sofia Developpement
Sofia DeveloppementExited 2026
HealthcareFrance· Entry 2022
Trade Saleto
IK IX (Mid Cap)BuyoutHarvesting
2020 · 6yr€2.9B14 active · 2 realized

Unrealized

14 held
AdvaniaActive
TMTIceland· Entry 2021
Batisanté
BatisantéActive
Business ServicesFrance· Entry 2022
FinancialsUK· Entry 2024
ConsumerNetherlands· Entry 2023
iad
iadActive
TMTFrance· Entry 2021
iad Group
iad GroupActive
Business ServicesFrance· Entry 2021
IG&HActive
TMTNetherlands· Entry 2021
KersiaActive
HealthcareFrance· Entry 2020
Medica Group
Medica GroupActive
HealthcareFrance· Entry 2023
MÜPROActive
IndustrialsGermany· Entry 2022
Questel
QuestelActive
Business ServicesFrance· Entry 2020
Renta Group
Renta GroupActive
IndustrialsFinland· Entry 2022
Skill & YouActive
EducationFrance· Entry 2021
Truesec
TruesecActive
TMTSweden· Entry 2021

Realized

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

Unrealized

5 held
Formue
FormueActive
FinancialsNorway· Entry 2021
FinancialsFrance· Entry 2021
Marle GroupActive
HealthcareFrance· Entry 2019
Third Bridge
Third BridgeActive
Business ServicesUK· Entry 2021
HealthcareFrance· Entry 2021
IK Small Cap IIBuyoutHarvesting
2018 · 8yr€550M2 active · 15 realized

Unrealized

2 held
EQQOActive
ConsumerSweden· Entry 2020
ForthgladeActive
ConsumerUK· Entry 2020

Realized

15 exits
2ConnectExited 2022
IndustrialsNetherlands· Entry 2018
Secondaryto
Acture Group
Acture GroupExited 2025
Business ServicesNetherlands· Entry 2020
Secondaryto
Ascentiel Groupe
Ascentiel GroupeExited 2024
Business ServicesFrance· Entry 2021
Secondaryto
Bahr ModultechnikExited 2022
IndustrialsGermany· Entry 2018
Trade Saleto
BST
BSTExited 2021
IndustrialsSweden· Entry 2019
Secondaryto
BST Group Nordic
BST Group NordicExited 2021
IndustrialsSweden· Entry 2019
Secondaryto
CarspectExited 2024
Business ServicesSweden· Entry 2018
Trade Saleto
GeoDynamics
GeoDynamicsExited 2025
TMTBelgium· Entry 2020
Secondaryto
Mabtech
MabtechExited 2024
HealthcareSweden· Entry 2019
Secondaryto
Mecenat
MecenatExited 2024
Business ServicesSweden· Entry 2021
Secondaryto
NetCo Group
NetCo GroupExited 2021
IndustrialsFrance· Entry 2019
Secondaryto
Quanos
QuanosExited 2023
TMTGermany· Entry 2018
Secondaryto
RecocashExited 2022
Business ServicesFrance· Entry 2019
Secondaryto
Valoria Capital
Valoria CapitalExited 2023
FinancialsFrance· Entry 2021
Secondaryto
Yellow Hive
Yellow HiveExited 2024
FinancialsNetherlands· Entry 2020
Continuation Vehicleto
IK VIII (Mid Cap)BuyoutHarvesting
2016 · 10yr€1.9B4 active · 20 realized

Unrealized

4 held
HealthcareGermany· Entry 2016
LAP GroupActive
HealthcareGermany· Entry 2019
HealthcareGermany· Entry 2020
IndustrialsNetherlands· Entry 2018

Realized

20 exits
AspiaExited 2023
Business ServicesSweden· Entry 2018
Secondaryto
Cérélia Group
Cérélia GroupExited 2020
ConsumerFrance· Entry 2015
Secondaryto
CID LinesExited 2020
HealthcareBelgium· Entry 2016
Trade Saleto
ColiséeExited 2020
HealthcareFrance· Entry 2017
Secondaryto
EllabExited 2019
IndustrialsDenmark· Entry 2016
Secondaryto
Eres Group
Eres GroupExited 2024
Business ServicesFrance· Entry 2019
Secondaryto
MedTechGermany· Entry 2018
Trade Saleto
LINXIS GroupExited 2022
IndustrialsFrance· Entry 2017
Trade Saleto
LøgismoseExited 2023
ConsumerDenmark· Entry 2015
Secondaryto
ConsumerFrance· Entry 2018
Trade Saleto
Marle GroupExited 2019
HealthcareFrance· Entry 2016
Secondaryto
MDT TechnologiesExited 2026
TMTGermany· Entry 2020
Secondaryto
Netel
NetelExited 2025
Business ServicesSweden· Entry 2016
IPOto
Nomios Group
Nomios GroupExited 2023
TMTFrance· Entry 2019
Secondaryto
Pinard Beauty PackExited 2024
IndustrialsFrance· Entry 2017
Trade Saleto
Questel
QuestelExited 2020
Business ServicesFrance· Entry 2018
Secondaryto
SCHOCK
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
Secondaryto
IK Small Cap IBuyoutRealized
2015 · 11yr€277M1 active · 11 realized

Unrealized

1 held
TMTSweden· Entry 2017

Realized

11 exits
APOSAN
AposanExited 2020
HealthcareGermany· Entry 2016
Trade Saleto
Auxiga Group
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
OPEN (OpenSolution)Exited 2024
TMTSweden· Entry 2016
Trade Saleto
StudienkreisExited 2023
ConsumerGermany· Entry 2017
Trade Saleto
svt GroupExited 2018
IndustrialsGermany· Entry 2015
Secondaryto
TCM Group
TCM GroupExited 2017
ConsumerDenmark· Entry 2016
IPOto
Third Bridge
Third BridgeExited 2021
Business ServicesUK· Entry 2017
Secondaryto
TouristryExited 2018
ConsumerSweden· Entry 2016
Trade Saleto
IK VII (Mid Cap)BuyoutRealized
2013 · 13yr€1.4B0 active · 9 realized

Realized

9 exits
Ampelmann
AmpelmannExited 2025
IndustrialsNetherlands· Entry 2013
Trade Saleto
Cérélia
CéréliaExited 2020
ConsumerFrance· Entry 2015
Secondaryto
Evac Group
Evac GroupExited 2017
IndustrialsFinland· Entry 2014
Secondaryto
ExxeliaExited 2023
IndustrialsFrance· Entry 2014
Trade Saleto
Hansen ProtectionExited 2021
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 2007BuyoutRealized
2007 · 19yr€1.7B1 active · 17 realized

Unrealized

1 held
SavenaActive
AgricultureFrance· Entry 2011

Realized

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

Realized

10 exits
AttendoExited 2015
HealthcareSweden· Entry 2007
IPO
AxtoneExited 2017
IndustrialsPoland· Entry 2008
Trade Saleto
Cerba European Lab
Cerba European LabExited 2010
HealthcareFrance· Entry 2006
Secondaryto
DYWIDAG Systems
DYWIDAG SystemsExited 2007
IndustrialsGermany· Entry 2005
Secondaryto
ELFAExited 2008
TMTSweden· Entry 2006
Trade Saleto
Kid InteriørExited 2009
Business ServicesNorway· Entry 2005
to
MagotteauxExited 2011
IndustrialsBelgium· Entry 2007
Trade Saleto
MoventasExited 2011
IndustrialsFinland· Entry 2007
Trade Saleto
PrevestaExited 2007
FinancialsSweden· Entry 2005
Trade Saleto
SIA GroupExited 2009
ConsumerFrance· Entry 2005
Secondaryto
IK 2000BuyoutRealized
2000 · 26yr€2.1B0 active · 19 realized

Realized

19 exits
Alfa LavalExited 2005
ConsumerSweden· Entry 2000
Secondaryto
Ceva Santé Animale
Ceva Santé AnimaleExited 2007
PharmaFrance· Entry 2003
MBOto
CPS ColorExited 2008
TMTFinland· Entry 2000
Secondaryto
Dataphone
DataphoneExited 2008
TMTSweden· Entry 2001
Trade Saleto
Dyno Nobel
Dyno NobelExited 2005
IndustrialsAustralia· Entry 2000
Secondaryto
Eltel NetworksExited 2007
TMTSweden· Entry 2001
Secondaryto
EuroprisExited 2012
ConsumerNorway· Entry 2004
Secondaryto
FortexExited 2005
TMTUS· Entry 2000
Secondaryto
Gardena
GardenaExited 2007
ConsumerGermany· Entry 2002
Trade Saleto
Groupe Fives-Lille
Groupe Fives-LilleExited 2004
IndustrialsFrance· Entry 2001
Secondaryto
Idex
IdexExited 2011
IndustrialsFrance· Entry 2004
Secondaryto
KwintetExited 2015
IndustrialsSweden· Entry 2005
Secondaryto
Labeyrie GroupExited 2004
ConsumerFrance· Entry 2002
Trade Saleto
Laho EquipementExited 2005
IndustrialsFrance· Entry 2000
Secondaryto
Sport Group
Sport GroupExited 2015
ConsumerGermany· Entry 2006
Secondaryto
Suomen LähikauppaExited 2012
ConsumerFinland· Entry 2005
Secondaryto
Sydsvenska KemiExited 2005
IndustrialsSweden· Entry 2001
Secondaryto
WehkampExited 2008
ConsumerNetherlands· Entry 2006
MBOto
Welzorg
WelzorgExited 2011
HealthcareNetherlands· Entry 2002
Trade Saleto
IK 1997BuyoutRealized
1997 · 29yr€750M0 active · 12 realized

Realized

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

Realized

9 exits
AddumExited 2000
IndustrialsSweden· Entry 1996
Trade Saleto
AmasExited 2001
IndustrialsNetherlands· Entry 1995
Trade Saleto
Consolis
ConsolisExited 2005
IndustrialsFinland· Entry 1997
to
Ellos
EllosExited 1997
TMTSweden· Entry 1995
Trade Saleto
Enermet Group
Enermet GroupExited 2006
TMTFinland· Entry 1999
Trade Saleto
KCI KonecranesExited 1996
IndustrialsFinland· Entry 1994
IPO
Nobia
NobiaExited 2004
ConsumerSweden· Entry 1996
Secondaryto
PietersExited 2000
AgricultureBelgium· Entry 1998
Trade Saleto
VSM GroupExited 2006
TMTSweden· Entry 1997
Secondaryto
IK 1989BuyoutRealized
1989 · 37yr€108M0 active · 12 realized

Realized

12 exits
IndustrialsDenmark· Entry 1992
Trade Saleto
CSE OxfordExited 1997
EducationUK· Entry 1990
Secondaryto
Graphium
GraphiumExited 1993
Business ServicesSweden· Entry 1990
IPO
Guldfynd
GuldfyndExited 2001
ConsumerSweden· Entry 1993
Trade Saleto
Hjem-Is EuropaExited 1997
Business ServicesDenmark· Entry 1992
Trade Saleto
IdestaExited 1999
IndustrialsSweden· Entry 1989
Trade Saleto
LiberExited 1993
IndustrialsSweden· Entry 1990
Trade Saleto
Lindex
LindexExited 1995
IndustrialsSweden· Entry 1993
IPO
LithellsExited 1997
ConsumerSweden· Entry 1994
Trade Saleto
Liva BilExited 1993
FinancialsNorway· Entry 1991
IPO
NYGE AeroExited 1999
IndustrialsSweden· Entry 1990
Trade Saleto
Partena
PartenaExited 1995
Business ServicesBelgium· Entry 1992
Trade Saleto
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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

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Last updated August 2026 · Sourced from public filings · Report an issue