M&A Deal Summary

TÜV SÜD Acquires Carspect

On August 14, 2024, TÜV SÜD acquired automotive company Carspect from IK Partners

Acquisition Highlights
  • This is TÜV SÜD’s 1st transaction in the Automotive sector.
  • This is TÜV SÜD’s 1st transaction in Sweden.

M&A Deal Summary

Date 2024-08-14
Target Carspect
Sector Automotive
Buyer(s) TÜV SÜD
Sellers(s) IK Partners
Deal Type Add-on Acquisition

Target

Carspect

Bromma, Sweden
Carspect is a provider of vehicle surveys, driver examinations, vehicle registrations and automotive quality and testing services, vehicle damage inspections, and repair repair and maintenance services. Carspect was founded in 2010 and is based in Bromma, Sweden.

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Buyer(S) 1

Buyer

TÜV SÜD

Munich, Germany

Category Company
Founded 1866
Sector Safety/Security
DESCRIPTION

TÜV SÜD is a provider of safety, security and sustainability solutions. The Company specializes in testing, certification, auditing, and advisory services for different industries. TÜV SÜD was formed in 1866 and is based in Munich, Germany.


DEAL STATS #
Overall 3 of 3
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Sweden M&A 1 of 1
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-02 SIG

Atlanta, Georgia, United States

SIG was founded to deliver sustainability services and education to the building and real estate industry. SIG is serving the entire A.E.C. (architecture, engineering and construction) marketplace, with not only environmental and engineering consultancy, but a suite of technology and Corporate Sustainability services. SIG was founded in 2008 and is based in Atlanta, Georgia.

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 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 118 of 122
Sector: Automotive M&A 2 of 2
Type: Add-on Acquisition M&A Deals 43 of 44
Country: Sweden M&A 30 of 30
Year: 2024 M&A 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-14 Acadomia

Paris, France

Acadomia is a provider of supplementary education in France. The Company provides educational services for over 50,000 students through more than 20,000 teaching professionals annually. Acadomia provides both home-based tutoring services as well as classroom based education. Acadomia was founded in 1989 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-07 Pinard Beauty Pack

Martignat, France

Pinard Group specializes in the design and manufacture of packaging solutions for prestige and luxury brands in the BPC space through the Pinard Beauty Pack (PBP) subsidiary and for pharmaceutical customers through its Lablabo subsidiary. The Group addresses prestige and masstige brands while serving a long-standing clientele. Distribution is primarily focused in France (60%) where most trades are, followed by the Rest of Europe (30%) and the US (10%). Pinard Beauty Pack was founded in 1970 and is based in Martignat, France.

Sell -