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IK Investment Partners has exited survival kit manufacturer Hansen Protection to trade buyer Survitec Group after eight years in its portfolio.
The European private equity firm acquired a majority stake in Hansen from Montagu Private Equity in 2013.
Under IK’s ownership the company has bolted-on a survival suit rental company in the Netherlands, a protective rainwear manufacturer in Denmark and a PPE rental services for the offshore wind industry.
IK previously attempted to exit the company through an IPO in 2018, but that was cancelled due to the plunging of stock prices according to a Bloomberg report from the time.
Terje Gorm Hansen, CEO of Hansen Protection, commented: “It has been our privilege to have partnered with IK, an organisation that shares our Nordic roots and drive for excellence. With their support, we have strengthened our product range and service standards to better serve those that rely on us through the most challenging conditions.”
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