IK Investment Partners agreed to invest in Blanchon

IK Investment Partners, a European private equity firm, agreed to invest in Blanchon, a European manufacturers of woodcare solutions. Abénex, an investment management company, exits the investment. Financial terms were not disclosed. “We are delighted to have partnered with Abénex for the last few years, which has seen the successful completion of the managerial transition and paved the way for a new growth path. We are eager to continue pursuing our ambitious and sustainable growth trajectory with all our employees and with the support of IK and Abénex. We will further focus on strengthening our value proposition for our customers, on continuous improvement and relying on the pursuit of external growth operations in all of key countries and particularly internationally," Guillaume Clément, Blanchon President.