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M&A Deal Summary

Survitec Group Acquires Hansen Protection

On May 6, 2021, Survitec Group acquired safety/security company Hansen Protection from IK Partners

Acquisition Highlights
  • This is Survitec Group’s 1st transaction in the Safety/Security sector.
  • This is Survitec Group’s 1st transaction in Norway.

M&A Deal Summary
Date 2021-05-06
Target Hansen Protection
Sector Safety/Security
Buyer(s) Survitec Group
Sellers(s) IK Partners
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Survitec Group

London, United Kingdom
Category Company
Founded 1920
Sector Safety/Security
Employees3,000
Revenue 370M USD (2014)
DESCRIPTION

Survitec Group is a manufacturer of personal survival equipment for usage after ejecting from aircraft. The Company was originally established in 1920 and is headquartered in London.

DEAL STATS #
Overall 3 of 3
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Norway) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-03 Marine business/Cosalt/

Aberdeen, United Kingdom

Marine business/Cosalt/ supplies a range of marine safety equipment including liferafts,lifejackets and immersion suits and also provides a number of associated services to customers serving the marine industry from a network of locations in the UK and mainland Europe.

Buy £31M

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 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 93 of 121
Sector (Safety/Security) 3 of 4
Type (Add-on Acquisition) 35 of 43
Country (Norway) 5 of 6
Year (2021) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 Mecenat

Göteborg, Sweden

Mecenat is a marketing technology company connecting students, alumni and young professionals in Sweden with well-known brands by providing access to unique and relevant discounts. Mecenat was founded in 1998 and is based in Göteborg, Sweden.

Buy -
Mergr

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