IK Investment Partners has sold Norway-based protective clothing and equipment producer Hansen Protection to Survitec, a UK-based safety equipment company backed by GPs including Searchlight Capital Partners.
Buyout reportedly values the pharmaceutical glass packaging producer at around €900m
Vehicle will co-invest in European tech scale-ups alongside the venture capital funds in which it is invested
Procuritas will become the majority shareholder, while the founders of the companies will have a significant minority ownership of the merged entity
ProFounders Capital scores 25x money on the listing; other investors include Partech