The IK 2007 Fund has received an irrevocable binding offer for the sale of Solina Group.

Solina is a leading provider of food ingredient solutions in Europe with over 40 years' experience in the design and production of ingredient-based functional and culinary solutions for the food industry. The Group was created following IK's acquisition of Savena in 2011 and the subsequent acquisition of Sfinc in the Benelux area. During IK's ownership, Solina Group has successfully completed several add-on acquisitions in Sweden, Denmark, Finland and France to expand its operations and further shape the Group's geographic footprint. In total, Solina Group has 8 R&D centres and 11 production plants across Europe and Asia, with around 1,000 employees worldwide. In 2014, the Group generated pro forma sales of €305m.

SPEAS has made an investment commitment of EUR 25m to the private equity fund IK 2007.

View the press release from IK Investment Partners here

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