IK sells Minimax Viking to Kirkbi

Over the past eight years, under IK's stewardship, the company has doubled its revenues to €1.2bn and headcount has increased from 3,200 to more than 7,000.

With the support of its new owners, Minimax Viking will look to continue is global expansion.

Previous investment
IK acquired the company in 2006 and then supported its acquisition of US-based CFP in 2007.

Minimax merged with US-based Viking Group in November 2009, in a deal that brought the company's combined turnover up to €1bn, with staff count of 6,000.

Company
Minimax Viking specialises in the fire protection market; it offers fire suppression products and distribution, system integration and services.

The company generates revenues of €1.2bn and employs more than 7,000 people. It is headquartered Bad Oldesloe, Germany.

People
Detlef Dinsel is managing partner at IK. Jens Tonn is head of Germany for ICG.

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• Topics
• Exits
• DACH
• IK Investment Partners
• Intermediate Capital Group
• Germany