IK acquires majority stake in MDT

The GP deployed capital from its IK VIII fund, which held a final close in 2016 on its €1.85bn hard-cap. The vehicle targets deals with enterprise values in the €100-500m range across the France, Benelux, DACH and Nordic regions. The eighth-generation fund is more than 70% deployed, according to Unquote Data, and IK is fundraising for IK IX, which has a target of €2.5bn.

The GP will help MDT's management team to further strengthen the company's market position.

Company
Founded in 2009 and headquartered in Engelskirchen, MDT is a producer of components that enable integrated automation and control of heating, ventilation and lighting within both residential and commercial buildings.

People
MDT Technologies – Hans-Joachim Kremer (CEO).
IK Investment Partners – Mirko Jablonsky (partner); Alexander Dokters (associate director); Philipp Schmidt (associate).

Advisers
Equity – Alantra, Frank Merkel, Maximilian Rohardt (M&A, debt advisory); BCG, Maarten Bekking, Emmanuel Sissimatos, Martin Lueers (commercial due diligence); Deloitte, Jens Schulze-Vellinghausen, Andrea Bilitewski (financial due diligence, tax); White & Case, Stefan Koch (legal).

Company – Deloitte, Michael Caspers, Reiner Schwenk (M&A); Görg, Helmut Balthasar, Florian Wolff (legal).

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• Topics
• DACH
• Industrials
• Buyouts
• Germany
• IK Investment Partners
• Deloitte
• Alantra