Industri Kapital acquires Minimax from Investcorp

Mumbai, May 17 (UNI) Industri Kapital, a Norwegian private equity fund company, has acquired the Indian arm of Minimax - an European fire-protection service provider - from Investcorp, an European corporate investment company.

A company release quoting Delief Dinsel, partner at Industri Kapital said, ''We are delighted to have acquired Minimax and we are looking forward to work with the management team. Minimax has benefited from the leading market for fire protection and will continue to grow organically. We will further internationalise the business and implement industri Kapital's successful buy-and-build strategy via add-on acquisitions. The final goal will be to significantly grow the business and bring it to a different size category of a billion euro plus of sales.'' Yves Alexandre, Manging Director at Investcorp said, ''We value the partnership we have developed with this excellent management team.

Under the leadership of Klaus Hoffmann and Dr Volker Bechtloff, Minimax has been able to extend its leadership in the German fire protection market and to accelerate an extremely successful internationalisation strategy. We are convinced that industri Kapital is the right partner to support Minimax's plans for continued growth.'' The transaction is subject to customary merger control approvals.

Majumdar&Co. International Lawyers mumbai, acted for Indusri Kapital as Indian legal counsel.

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