Investment Summary

IK Partners and ICG Invest In Formue

On February 22, 2021, private equity firm IK Partners and mezzanine finance firm ICG invested in financial services company Formue

Investment Highlights
  • This is IK Partners’ 8th and ICG’s 11th transaction in the Financial Services sector.
  • This is IK Partners’ 8th and ICG’s 5th transaction in Norway.

Investment Summary

Date 2021-02-22
Target Formue
Sector Financial Services
Investor(s) IK Partners
ICG
Deal Type Growth Capital
Advisor(s) Houlihan Lokey (Financial)

Target

Formue

Oslo, Norway
Formue is an independent wealth manager serving private individuals, institutions, and organizationswith NOK 100 billion under management (pr. 31.12.2020). From its 21 offices across Sweden, and the UK, Formue’s 300 employees provide a comprehensive range of services, including wealth planning, portfolio management, business management, family office support, and legal services. The Company distinguishes itself from its peers by possessing a strong ancillary offering which includes the provision of financial life advice through a cohesive, omnichannel customer engagement model. Formue was founded in 2000 and is based in Oslo, Norway.

Search 215,130 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 2

Investor

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 149 of 192
Sector: Financial Services M&A 8 of 8
Type: Growth Capital M&A Deals 6 of 17
Country: Norway M&A 8 of 9
Year: 2021 M&A 6 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-18 Schock

Regen, Germany

Schock is a manufacturing technology commonly used in the production of quartz composite sinks. The combination of quartz with top-quality acrylic forms a premium compound product that is three times as hard as natural granite and is also superior in terms of many product characteristics to kitchen sinks made from other materials. The Schock range of products comprises sinks for every conceivable kitchen style and taste. Schock was formed in 1924 and is based in Regen, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 Hansen Protection

Moss, Norway

Hansen Protection is design and production of textile products safeguarding people, property and the environment. Hansen Protection was founded in 1976 and is based in Moss, Norway.

Sell -
Investor

ICG

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 33.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 271 of 294
Sector: Financial Services M&A 11 of 12
Type: Growth Capital M&A Deals 6 of 12
Country: Norway M&A 5 of 5
Year: 2021 M&A 3 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 AMEOS

Zurich, Switzerland

AMEOS is a private hospital group group and operator. The Company operates 46 hospitals (general and psychiatric) in Germany and 2 hospitals in Austria. AMEOS was founded in 2002 and is based in Zurich, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-10 Lucid Group

London, United Kingdom

Lucid Group is an international multi-capability healthcare communications group that provides medical education and communication, strategic consultancy, and digital services to its clients through an integrated group of specialist agencies. Lucid Group was formed in 2007 and is based in London, United Kingdom.

Buy -