The fund will focus on buyouts of companies based in continental Europe and the Nordic region.
Over the last 12 months IK has made 4 investments and 10 realisations generating approximately €1.8bn for investors. Exits the firm has made include DYWIDAG-Systems International (DSI), a global market leader in the development, manufacture and supply of post-tensioning and geotechnical systems to the construction and mining industries, based in Germany; CEVA Santé Animale, the 10th largest veterinary laboratory worldwide, based in France; Prevesta, a Swedish producer of prefabricated houses with the brands Myresjöhus and SmålandsVillan.
IK has also made a number of investments during the fundraising including Magotteaux, a supplier of grinding media and castings used in the cement, mining, aggregate and dredging industries as well as by utility companies based in Belgium and Moventas, an independent manufacturer of industrial and wind turbine gears as well as provider of gear maintenance and service based in Finland.
UBS acted as global placing agent and SJ Berwin was legal counsel to the