Laurent Mignon, the CEO of Wendel, shared his excitement about this ambitious venture. He emphasized, “The acquisition of IK Partners will be the foundation of the private asset management division we are building. Given its financial strength, Wendel will have the resources to support IK Partners’ development over the long term, as well as to invest in its funds to gain access to the highly value-creating strategies implemented by its teams.”
He continued, “Implementing this ambitious strategy will accelerate Wendel’s diversification, boost recurring cash flow generation, and enhance our attractiveness as an investor and as a listed company.”
IK Partners: A Dominant Force in PE
Founded in 1989, IK Partners has left an indelible mark in the business services, healthcare, consumer, and industrial sectors across Europe. With a stronghold in the Benelux region, the DACH region, France, Nordics, and the U.K., IK Partners boasts an impressive €11.8 billion in private assets under management. Their investment portfolio showcases over 100 companies that have thrived under their strategic guidance.
Wendel To Buy European PE : A Promising Partnership
This monumental acquisition signifies a strategic partnership of epic proportions. IK Partners’ teams are set to continue their operations autonomously, operating in the same markets, pursuing the same strategies, and maintaining their unique brand identity. Wendel, in a show of unwavering commitment, has pledged “significant capital” to bolster IK’s existing and forthcoming platform funds, ensuring the perpetual growth of their strategies.
