Amplio Private Equity, through the fund Segulah V, has entered into an agreement to sell its interest in Francks Kylindustri to the IK X Fund, a fund managed by IK Partners, a leading European private equity firm.
Francks is a leading Nordic specialist provider of installation and aftermarket services within commercial and industrial refrigeration systems. The company has over 650 employees who work across 50 sites in Sweden, Norway, Denmark and Finland.
Amplio Private Equity acquired a majority stake in 2019 and has since transformed Francks from a regional Swedish business into a Nordic market leader, driven by e.g. multiple strategic add-on acquisitions.
KANTER has advised Amplio Private Equity on the transaction.