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
Location
North Rhine-Westphalia, Germany
Transaction Type
Buyout

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