Wendel announces the completion of the acquisition of a 51% stake in IK Partners (IK), following receipt of regulatory approvals.

IK is one of Europe's leading private equity firms, with teams in 7 Northern European countries. The company invests in the business services, healthcare, consumer goods and industrial sectors in the Benelux, DACH (Germany, Austria, Switzerland), France, the Nordic countries and the United Kingdom.

As part of this initial transaction, Wendel will invest a total of €3,831 million to acquire 51% of IK's share capital.

The Wendel Group is also entitled to 20% of the carried interest generated on all future funds raised by IK.

The remaining 49% of IK's capital will be acquired by Wendel in further transactions, which will take place between 2029 and 20323 accordingly.

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