IK Investment Partners buys 2Connect

The company plans to use the fresh capital to accelerate its growth, strengthen its market position via operational improvements and deliver additional business value to its clients.

To finance the investment, IK deployed capital from its IK Small Cap II Fund, which held a final close on its €550m hard-cap in February 2018. The vehicle targets companies with an enterprise value up to €100m based across the DACH, Nordic and Benelux regions, and France.

This transaction represents the fourth investment made by the fund, following the acquisitions of software developer Schema, modular positioning systems manufacturer Bahr Modultechnik and Carspect, a provider of vehicle inspections in northern Europe.

According to a statement, the GP was attracted to 2Connect’s combination of in-house tailored design and low- to medium-volume manufacturing capabilities, which puts the company in a strong position to further develop its offering and gain market share.

Company
Established in 2000 and based in Waalwijk, 2Connect designs and produces tailored cables, connectors, electronic packaging and interconnection modules for OEM and ODM customers worldwide.

People
IK Investment Partners - Sander van Vreumingen (partner).
2Connect - Marc van der Put (CEO).

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• Topics
• Buyouts
• Benelux
• Industrials
• IK Investment Partners
• Netherlands