M&A Deal Summary

IK Partners Acquires Mupro

On May 24, 2022, private equity firm IK Partners acquired building materials company Mupro from Perusa Fund and ATP Private Equity Partners

Acquisition Highlights
  • This is IK Partners’ 6th transaction in the Building Materials sector.
  • This is IK Partners’ 26th transaction in Germany.

M&A Deal Summary

Date 2022-05-24
Target Mupro
Sector Building Materials
Buyer(s) IK Partners
Sellers(s) Perusa Fund
ATP Private Equity Partners
Deal Type Secondary Buyout

Target

Mupro

Wiesbaden, Germany
Mupro manufactures and distributes leading fixing technology mainly for the installation of heating, air conditioning, and ventilation equipment in commercial and residential buildings, industrial plants, and aboard ships. Mupro was founded in 1964 and is based in Wiesbaden, Germany.

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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 165 of 191
Sector: Building Materials M&A 6 of 6
Type: Secondary Buyout M&A Deals 61 of 74
Country: Germany M&A 26 of 28
Year: 2022 M&A 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 2Connect

Waalwijk, Netherlands

2Connect designs, develops and produces innovative and customised interconnection solutions for OEMs and ODMs globally. Thee Company prides itself on setting new standards for interconnection solutions by designing high quality and cost-effective units in close cooperation with its long-term client base. 2Connect was founded in 2000 and is based in Waalwijk, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-25 Groupe EDH

Paris, France

Groupe EDH is an independent player in the private higher education sector, operating five reference schools – EFAP (Communication), ICART (Art and Culture Management), EFJ (Journalism), BRASSART (Digital Creation) and CESINE (Design, Marketing and Communication) – across 25 campuses in France and abroad. Groupe EDH was founded in 1961 and is based in Paris, France.

Sell -

Seller(S) 2

SELLER

Perusa Fund

Guernsey, Channel Islands

Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 357M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Perusa Fund is a German private equity firm that invests in small to mid-sized businesses in the EU. Perusa Fund generally looks for businesses facing 'change'. Examples include businesses in need of capital to expand or acquire, management successions, carve outs, or companies facing insolvency. Target companies typically have revenues of €50 to €300 million. Perusa Fund was formed in 2007 and is based in Channel Island.


DEAL STATS #
Overall 8 of 9
Sector: Building Materials M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 4
Country: Germany M&A 4 of 5
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 XD Connects

Rijswijk, Netherlands

XD Connects is a designer & provider of niche segments for higher-quality functional promotional products/business gifts for the B2B and B2C market, serving 4,500 distributors all over Europe. XD Connects was founded in 1986 and is based in Rijswijk, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-27 SCHROTH

Arnsberg, Germany

SCHROTH is a manufacturer of safety products for tuning, racing, aviation, and military applications. SCHROTH specializes in technical restraint systems, passenger lap belts for all major commercial aircraft, structural airbags for Airbus and Boeing platforms, and cockpit security components for the Airbus A350 and A380 platforms. SCHROTH was established in 1946 and is based in Arnsberg, Germany.

Sell -
SELLER

ATP Private Equity Partners


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

ATP Private Equity Partners is a Danish institutional investment firm focused on investing in private equity funds across Europe, North America, and select emerging markets. The Firm is supported by ATP, Denmark's largest pension fund. In addition to investing in private equity funds, ATP also looks to for co-investment situations. ATP Private Equity Partners was formed in 2001 and is headquartered in Copenhagen, Denmark.


DEAL STATS #
Overall 30 of 35
Sector: Building Materials M&A 1 of 1
Type: Secondary Buyout M&A Deals 11 of 12
Country: Germany M&A 2 of 3
Year: 2022 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-15 McGraw Hill Education

New York City, New York, United States

McGraw Hill Education is a provider of educational material and learning solutions for students, instructors, and institutions around the world. McGraw Hill Education was founded in 1888 and is based in New York City, New York.

Sell $4.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-27 SCHROTH

Arnsberg, Germany

SCHROTH is a manufacturer of safety products for tuning, racing, aviation, and military applications. SCHROTH specializes in technical restraint systems, passenger lap belts for all major commercial aircraft, structural airbags for Airbus and Boeing platforms, and cockpit security components for the Airbus A350 and A380 platforms. SCHROTH was established in 1946 and is based in Arnsberg, Germany.

Sell -