Wendel, an investment firm, agreed to acquire a 51% stake in IK Partners, a private equity firm, for €383m. “We are very proud to embark on this new entrepreneurial stage in Wendel’s development with a high-quality company like IK, sharing the same values and investment philosophy. Wendel and IK are strongly committed to creating value in their portfolio companies, with a strong focus on establishing solid governance and supporting their operational and external growth. We look forward to working with the IK teams to ensure the success of this value-creating partnership. I am convinced that, in the years to come, we will find new opportunities for external growth and direct investments that will create value for Wendel’s shareholders.” Laurent Mignon, Wendel Group CEO.