IK Partners to tap €1.2bn Small Cap III Fund for Stein buyout

Jan 5, 2022 | News

Pan European buyout house IK Partners has agreed to tap its €1.2bn Small Cap III Fund to acquire e-commerce platform Stein.

Established in 1999, Stein runs a B2B e-commerce platform for barrier technology, municipality, construction site and facility management supplies. Its clients include construction firms, local craftsmen, municipalities and facilities management firms.

The company said it aims to further develop through new customer acquisitions and expanding product offering through the partnership with IK.

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Ingmar Bär, director at IK Partners and advisor to the IK Small Cap III Fund, said, “STEIN HGS occupies the leading position in a growing market due to the shift towards online purchasing and the Company’s strong focus on delivering the best-in-class customer service. We look forward to partnering with Stephan Otte and his team as they continue to expand the product offering and customer base while entering new markets.”

IK closed its €1.2bn Small Cap III Fund last year within just three months.

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.

Source: Alt Assets

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