- Capza and the management team will reinvest in the company
- IK Partners will invest via its IK X Fund
- London-based IK is a European private equity firm
IK Partners has entered exclusive negotiations to acquire a majority stake in Eurofeu Group, a fire safety equipment manufacturer, from Capza and the management team.
Eure-et-Loir, France-based Eurofeu has 1,850 employees. It serves nearly 160,000 B2B customers and maintains an installed base of 4.2 million fire safety devices.
Capza and the management team will reinvest in the company.
IK Partners will invest via its IK X Fund.
The company plans to leverage its network, salesforce and IT tools at its disposal to drive growth, in partnership with IK and Capza, the release said. It will also expand into other European geographies and drive consolidation, the release added.
The firm will “support the Group in its next phase of growth, where European expansion will be key,” said Diki Korniloff, partner at IK and Advisor to the IK X Fund. “The Group will have access to the full breadth of IK resources and expertise, while also being able to leverage our network of European offices.”
Eurofeu has grown considerably, both organically and via an active buy-and-build strategy, under CEO Eric Hentgès and with the backing of Capza since July 2020.
The completion of the transaction is subject to legal and regulatory approvals.
London-based IK is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics, and the UK.
Capza is a European private investment firm focused on small and mid-cap companies and has €8.2 billion of assets. It is based in Paris.
No financial terms of the transaction were disclosed.