IK Investment Partners Acquires Majority Stake in ALBA Baving Group
November 6, 2020
IK Investment Partners' IK Small Cap II Fund has agreed to acquire a majority stake in ALBA Baving Group from the founding Baving family. ALBA is a German provider of municipal infrastructure cleaning and maintenance services (street sweeping, sink-box cleaning, highway maintenance, winter and greenspace services); IK will support management to accelerate organic growth and expand the company's service offering. Financial terms were not disclosed and the transaction remains subject to regulatory approval.
- Buyers
- IK Investment Partners
- Targets
- ALBA Baving Group
- Sellers
- Dr. Jörg Baving, Claus Baving
- Industry
- Environmental Services
- Location
- North Rhine-Westphalia, Germany
- Transaction Type
- Buyout
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