FRANKFURT, June 12 IK Investment Partners has
sold a majority stake in German fire extinguisher maker Minimax
Viking to Danish family holding Kirkbi A/S and asset manager
Intermediate Capital Group Plc, IK said on Thursday.
IK did not reveal financial details of the transaction.
Financial sources said separately the sale values Minimax at
1.37 billion euros ($1.9 billion).
IK Investment Partners acquired Minimax in 2006 from
Investcorp backed with 530 million euros of loans. The business
has grown considerably since a 2007 acquisition of Consolidated
Fire Protection in the US and a merger with US rival Viking in
($1 = 0.7345 Euros)
(Reporting by Alexander Huebner and Jonathan Gould; editing by