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New Deal


Announced

IK Partners to acquire CONET from HIG Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Single Bidder

Private

Pending

Acquisition

Friendly

digital transformation

Digital Services

Majority

Germany

Cross Border

Synopsis

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IK Partners, a private equity group, agreed to acquire CONET, a digital transformation company, from HIG Capital, a private equity and alternative assets investment firm. Financial terms are not disclosed. “HIG’s trustworthy and supportive guidance was an essential element for CONET to continue its exceptionally successful growth by expanding geographically and by adding additional IT and consulting solutions. Together, we have successfully grown CONET into a leading and trusted digital transformation partner for our customers. I would like to thank HIG for their strong engagement over the past few years," Anke Hofer, CONET CEO.

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