MCF advised PEQ Invest on the sale of Tecomatic to IK Partners
PEQ Invest (“PEQ”), the Stockholm-based private equity firm, has reached an agreement to sell Tecomatic (“the Company”), a specialist in protecting critical infrastructure and purifying marine environments, to IK Partners (“IK”). With its long history of supporting industrial businesses, IK aims to leverage its expertise to further consolidate Tecomatic’s position in the market.
MCF provided financial advisory and facilitated the transaction by leveraging its expertise in critical infrastructure. The transaction is yet another deal that adds on to MCF’s strong track-record of delivering lasting value to our clients.
The next phase of Tecomatic’s journey will be supported by IK Partners, empowering management to accelerate growth both organically and through further consolidation of its target markets.
The Target
Founded in 1985 and headquartered in Kalmar, Sweden, Tecomatic is a specialist in protecting critical infrastructure and purifying marine environments, with end-to-end solutions for water treatment and erosion control. The Company’s comprehensive water purification solutions include sediment removal, floating walls and silt screens, which remove pollutants from storm-, process-, leachate- and waste-water before discharging them into waterways. Tecomatic’s erosion protection segment extends across land and water, providing customisable concrete mattresses and rock bags which prevent the spread of hazardous sediment as well as protect bridges, wind turbines and underwater cables.
Tecomatic operates throughout Sweden, mainly serving cities and municipalities as well as recycling, construction and infrastructure companies. The Company plays an important role in building awareness around the importance of water treatment, which drives demand throughout the value chain.
About PEQ
PEQ is a Stockholm-based private equity firm focusing on the SME segment in Sweden. PEQ invested in Järven Ecotech in 2021 and merged it with Tecomatic in 2022. PEQ has since developed and grown the business rapidly.
About IK Partners
IK Partners is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than EUR 19bn of capital and invested in 200 European companies. IK Partners supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects.
