Private equity firm Intermediate Capital Group acquired a stake in Minimax Viking, which provides fire protection equipment, from Kirkbi, the Kirk Kristiansen family’s holding and investment company, for £1.2bn. Thomas Lau Schleicher, Chief Investment Officer Kirkbi, said: “The development of Minimax Viking has significantly outperformed the initial business case and we have been impressed by the financial performance of the company. Kirkbi is generally a long-term owner and we engaged in Minimax Viking with the intention of a long-term ownership horizon. We choose to divest our shares in the company after four years because the cooperation and governance between executive management and shareholders has not lived up to our expectations.”