NANTES, FRANCE — IK Partners announced that an affiliate of the IK VIII Fund has entered into an agreement to sell its stake in Linxis Group to Hillenbrand, Inc., for an estimated €572 million (approximately $584 million).
A leading global provider of industrial processing equipment across three business units — mixing, ingredient automation and portioning solutions — for food and other higher growth end markets, Linxis Group is composed of six brands: VMI, Diosna, Shaffer, Shick Esteve, Unifiller and Bakon.
Specializing in the design, installation and maintenance of mission-critical equipment, Linxis brands operate manufacturing facilities in 100 countries throughout Europe and North America, cementing market-leading positions in all three business units.
“We are delighted to have enjoyed a successful partnership with IK, which has seen Linxis grow significantly since 2017,” said Tim Cook, Linxis Group CEO. “The additional financial firepower and market expertise brought by the IK team has allowed us to pursue a number of inorganic growth opportunities and expand the business on a global scale. We look forward to continuing our growth trajectory in partnership with Hillenbrand.”
IK acquired Linxis from Equistone in 2017 and has transformed it through add-on acquisitions: Unifiller in 2018 and Laramore (now a Shick Esteve company), Bakon and Shaffer in 2021. Coupled with strategic product development, cross-selling capabilities and the introduction of an operational excellence program, Linxis Group’s acquisition trajectory has created significant growth through global expansion.