M&A Deal Summary

IK Partners Acquires Checkmate Fire

On March 5, 2024, private equity firm IK Partners acquired safety/security company Checkmate Fire from YFM Equity Partners

Acquisition Highlights
  • This is IK Partners’ 8th transaction in the Safety/Security sector.
  • This is IK Partners’ 8th transaction in the United Kingdom.

M&A Deal Summary

Date 2024-03-05
Target Checkmate Fire
Sector Safety/Security
Buyer(s) IK Partners
Sellers(s) YFM Equity Partners
Deal Type Secondary Buyout

Target

Checkmate Fire

West Yorkshire, United Kingdom
Checkmate Fire is a passive fire protection company, providing fully compliant services including survey, design, specification and installation of solutions for fire stopping/air sealing, compartmentation, fire boarding and structural steel protection. The Company also specialises in fire door surveying, restoration and installation, and provides a fully bespoke range of fire resistant glazing solutions. Checkmate Fire was founded in 1989 and is based in West Yorkshire, United Kingdom.

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Buyer(S) 1

Buyer

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

IK Partners is a private equity firm that targets control investments in lower middle-market to large-sized companies throughout Europe. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The Firm looks to commit €10 to €300 million of equity capital per transaction and targets companies with strong cash-flows. IK Investment Partners was formerly known as Industry Kapital. IK Partners was formed in 1989 and is based in London, England.


DEAL STATS #
Overall 180 of 192
Sector: Safety/Security M&A 8 of 9
Type: Secondary Buyout M&A Deals 70 of 74
Country: United Kingdom M&A 8 of 12
Year: 2024 M&A 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-28 Schwingshandl

Holzhausen, Austria

Schwingshandl is an innovative, project-oriented engineering and for extremely short lead times during planning, designing and manufacturing stages according to customer requirements. It has a strong focus on customisation relating to loading, handling and storage technologies. Schwingshandl was founded in 2003 and is based in Holzhausen, Austria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-03 Messerschmitt Systems

Nuremberg, Germany

Messerschmitt Systems is a manufacturer of specialized access control and room management systems. More than 2,000 hotels are using Messerschmitt Systems worldwide. Messerschmitt Systems was founded in 1994 and is based in Nuremberg, Germany.

Sell -

Seller(S) 1

SELLER

YFM Equity Partners

Leeds, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 300M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

YFM Equity Partners is a private equity firm focused on growth oriented investments in UK-based companies. The Firm looks to invest up to £10 million to support a variety of established, growing, and profitable businesses. YFM Equity Partners was formed in 1982 and is based in Leeds, England.


DEAL STATS #
Overall 49 of 50
Sector: Safety/Security M&A 1 of 1
Type: Secondary Buyout M&A Deals 8 of 8
Country: United Kingdom M&A 48 of 49
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-26 Smart Numbers

Southampton, United Kingdom

Smart Numbers provides small businesses with trackable inbound phone numbers that could be placed in advertising. It has since evolved into a specialist web-based performance marketing business that combines website development and optimisation services with connectivity and telephony solutions to help boost lead generation for thousands of businesses across the UK. Smart Numbers was founded in 2005 and is based in Southampton, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-05 Fuuse

Lancaster, United Kingdom

Fuuse is a software platform to constantly evolves, helping to futureproof EV charging infrastructure, for customers. Fuuse is based in Lancaster, United Kingdom.

Buy -