M&A Deal Summary

Rivean Capital Acquires 2Connect

On May 19, 2022, private equity firm Rivean Capital acquired technology hardware company 2Connect from IK Partners

Acquisition Highlights
  • This is Rivean Capital’s 4th transaction in the Technology Hardware sector.
  • This is Rivean Capital’s 37th transaction in the Netherlands.

M&A Deal Summary

Date 2022-05-19
Target 2Connect
Sector Technology Hardware
Buyer(s) Rivean Capital
Sellers(s) IK Partners
Deal Type Secondary Buyout

Target

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.

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Buyer(S) 1

Buyer

Rivean Capital

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Gilde Buy Out Partners (GBO) is unit of Gilde Investment Management, a Dutch private equity group. Gilde Buy Out Partners (GBO) targets investments in larger businesses valued from €75 and €600 million with at least €8 million in cash flow. Broad sectors of interest include services, consumer goods, manufacturing, and industrial products. GBO looks for investments across Western Europe, with an emphasis on opportunities in Belgium, The Netherlands, Luxembourg, France, Germany, Switzerland and Austria. Gilde was formed in 1982 and has offices in Utrecht, Paris, Brussels, and Zurich.


DEAL STATS #
Overall 69 of 76
Sector (Technology Hardware) 4 of 4
Type (Secondary Buyout) 19 of 24
Country (Netherlands) 37 of 40
Year (2022) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-07 Novasep

Lyon, France

Novasep provides cost-effective solutions for the sustainable production of molecules for the life sciences. Novasep offers a comprehensive range of services including process development, turnkey purification systems and contract manufacturing. The company specializes in challenging active molecules for pharmaceutical, biopharmaceutical, fine chemical, food and functional ingredients, as well as fermentation and chemical commodities industries. Novasep is based in Lyon, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-22 Trustteam

Kortrijk, Belgium

Trustteam is an IT partner for SMEs, focusing on cloud solutions, hardware, and networks, software, VoIP telephony, and support. Trustteam was founded in 2002 and is based in Kortrijk, Belgium.

Buy -

Seller(S) 1

SELLER

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 Investment Partners Ltd. (Formerly Industri Kapital) is a private equity firm that targets control investments in mid-sized manufacturing and service companies located in select European countries. 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 €50 to €150 million of equity capital per transaction and targets companies with 'a proven ability to generate significant cash flow' as well as an ability to 'sustain growth through various economic cycles'. IK Investment Partners was formerly known as Industry Kapital. IK Investment Partners was formed in 1989 and has offices in Hamburg, London, Paris, and Stockholm.


DEAL STATS #
Overall 99 of 117
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 40 of 49
Country (Netherlands) 8 of 9
Year (2022) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 Batisante

Neuilly-Plaisance, France

Batisante offers compliance and safety services for multi-unit residential buildings, as well as professional buildings. Batisanté offers inspection and diagnostic services for asbestos, termites, and parasites, professional risk, water quality, gas installation safety, paint lead content, elevator code compliance, and energy efficiency. Batisante was founded in 1987 and is based in Neuilly-Plaisance, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-24 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.

Buy -