Private equity firm IK Investment Partners has opened an office in Amsterdam.
Located at UNStudio, 13th floor, Gustav Mahlerlaan 350, 1082 ME Amsterdam, the office will be led by partner and head of Benelux, Remko Hilhorst who has been with IK since 2001.
In addition to the existing mid cap team, consisting of a total of six investment professionals, IK is extending its small cap strategy and establishing a Benelux-dedicated team.
Together, the two Amsterdam-based teams will focus on investments with enterprise values of up to EUR500 million, partnering with entrepreneurs who are looking for support to help them achieve the next stage of their company’s growth and development.
IK has been present in the Benelux region since 1995 and has completed 13 investments during this time. IK’s current portfolio includes four companies in the Benelux region including CID LINES, a supplier of innovative hygiene solutions, Salad Signature, a producer of spreadable salads, offshore access company Ampelmann and DGI, a supplier of power, motion and control solution for the oil and gas, maritime and high-end machine building industries.
To date, over EUR1 billion has been invested into the Benelux region through IK’s funds. In recent years, IK has been one of the most active regional players with notable transactions including Vemedia, a provider of OTC drugs which was sold to Cooper last year, Wehkamp, an online retailer, Magotteaux, a manufacturer of cast wear parts for cement and mining industries, and fund administrator Vistra.
Remko Hilhorst, partner and head of Benelux at IK Investment Partners, says: “We are excited to announce the opening of our Amsterdam office. Ever since IK’s inception in 1989, we identified the Benelux as a unique region fertile with investment opportunities thanks to the number of entrepreneurs and family-owned businesses which operate here. We are particularly pleased to have both a mid cap and small cap practice operating on the ground, allowing the firm to capitalise on the synergies which are present in the market and giving the teams a superb investing platform from which to execute transactions.”
Christopher Masek, partner and CEO at IK Investment Partners, says: “Our strategy remains focused on partnering with ambitious management teams and growth businesses, and helping them realising their full potential. Given the success IK has seen with its investments in the Benelux over the years, we look forward to further building on our track record and supporting the local business community.”
