Pan European buyout house IK Partners has agreed to tap its €1.2bn Small Cap III Fund to acquire e-commerce platform Stein.
It was more than double the size of its predecessor, which closed on €550m in 2018.
Fund III will invest into businesses across the business services, healthcare, consumer and industrials sectors, that have enterprise values between €50m and €150m.
The new vehicle also includes a dedicated “Development Capital pool”, which will target smaller companies that are valued up to €50m.
Read more/Source: Alt Assets
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