IK acquires Transnorm from Equita

IK used its IK VII Fund to finance the transaction. Equita was the majority shareholder and had held the company since June 2007.

IK stated it sees significant growth potential for Transnorm as the e-commerce sector grows and global air traffic increases. It will invest in further expansion and consolidation of the company's position worldwide. Transnorm will also develop new products in order to enter new segments.

The deal marks IK's eighth investment from its seventh vehicle and its fifth transaction in 2014. In June, IK divested Minimax Viking to ICG for €1.3bn. A week later, it sold portfolio company GHD GesundHeits GmbH Deutschland to Nordic Capital. The company was understood to have an enterprise value of €500m.

Previous funding
In 2007, Equita acquired Nord Holding's 80% stake in the business via an auction process managed by KPMG. A senior debt and mezzanine package was provided by Investkredit Bank, according to unquote" data.

Nord Holding bought the business in 2004 in a management buyout from listed company Swisslog. The deal value was reported to stand at around €25m. Senior debt and a working capital facility was provided by HypoVereinsbank.

Company
Founded in 1957, Transnorm manufactures conveyor belts and their components used in the parcel and distribution sector, as well as in airport baggage handling systems. It has generated turnover of €62m so far this year.

The Harsum-based company has additional manufacturing centres in the US and Malaysia.

People
Anders Petersson is a partner at IK and an adviser to the IK VII fund. Georg Waldmüller, Sidy Diop and Gary Cline make up Transnorm's global management team. Jan Drewitz is a partner at Equita.

Advisers
Equity – Linklaters, Rainer Traugott, Florian Harder, Daniela Seeliger, Jann Jetter, Niclas von Woedtke (Legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

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