IK sells Minimax Viking to Kirkbi, Intermediate Capital
STOCKHOLM, June 12
STOCKHOLM, June 12 (Reuters) - Swedish private equity firm IK Investment Partners said on Thursday it had sold its stake in industrial fire fighting equipment maker Minimax Viking Group to Danish Kirkbi A/S and capital manager Intermediate Capital Group.
IK Investment did not disclose the financial details of the deal but said in a statement that Minimax, which has more than 7,000 employees, had posted revenues of 1.2 billion euros last year. (Reporting by Niklas Pollard; editing by Mia Shanley)