IK Partners to sell LINXIS Group to Hillenbrand

LINXIS has completed four add-on acquisitions since IK bought the firm.

  • LINXIS is a global supplier of industrial processing equipment and automation solutions for the food, pharma and cosmetic industries
  • Equistone sold LINXIS to IK Partners in October 2017
  • LINXIS consists of six brands: VMI, Diosna, Shaffer, Shick Esteve, Unifiller and Bakon

IK Partners announced on Wednesday that it has entered into a put option agreement to sell its stake in LINXIS Group to Hillenbrand.

Headquartered in Nantes, LINXIS is a global supplier of industrial processing equipment and automation products for the food, pharma and cosmetic industries. The group has six brands under its umbrella: VMI, Diosna, Shaffer, Shick Esteve, Unifiller and Bakon.

London-based IK acquired LINXIS from Equistone in October 2017, and has since completed multiple add-on acquisitions: Unifiller in 2018 and Laramore, Bakon and Shaffer in 2021.

The buyer, Hillenbrand, is a Batesville, Indiana-based global industrial company operating in over 40 countries.

“It has been a pleasure working with the team at LINXIS for the past five years,” said Rémi Buttiaux, managing partner at IK and advisor to the IK VIII Fund. “Through a selective acquisition strategy and the development of several purchasing and aftersales initiatives, we were able to support the excellent management team led by Tim Cook (CEO) and Didier Soumet (Chairman) and drive significant growth for the business.”

“LINXIS will continue to build upon our profitable growth strategy by further strengthening and accelerating our position in the attractive food end market and enhancing the technical capabilities of our products and service offerings,” commented Kim Ryan, president and CEO of Hillenbrand.