IK Partners has sold 2Connect to Rivean Capital

2Connect

2Connect is a fast-growing designer, developer and assembler of innovative, customized interconnection solutions for customers in high-growth end markets, including off highway, semiconductor equipment, machine building and medical. Headquartered in Waalwijk, the Netherlands, 2Connect employs more than 450 full-time employees and operates state-of-the-art research and development facilities, manufacturing sites and warehouses in the Netherlands, Germany and Romania.

The Deal

Under IK Partner’s ownership, 2Connect expanded at a double-digit CAGR, driven by continued secured positions at high-growth customers, an enhanced commercial organization and the acquisitions of Wtec (2020) and Büschel Connecting Systems (2021). Following the succession of the founder as chief executive officer and a successful integration of the two add-ons, the shareholders decided to attract a new partner to support the management team in its new growth phase. Lincoln International ran a highly competitive process, from which Rivean emerged as the preferred partner by bringing relevant end-market experience and a track record of scaling companies through buy-and-build strategies.

Our Perspective

Sibert Meulenbelt, Managing Director in Lincoln’s Industrials Group, commented, “Suppliers of critical components for high-tech original equipment manufacturers continue to attract strong interest from both strategic and financial investors. The interconnect space, in particular, is very attractive due to the increasing demand for customized connectors to enable megatrends of growing electrification, automation and use of sensors.”

IK Partners

IK Partners is a European private equity firm focused on investments in Benelux, DACH, France, the Nordics and the UK. Since 1989, IK has raised more than €14 billion of capital and invested in over 160 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects.

Rivean Capital

Rivean Capital is a leading European private equity investor in middle market transactions with operations in the DACH region, Benelux and Italy. Rivean manages funds in excess of €3 billion and has offices in Utrecht, the Netherlands; Brussels, Frankfurt, Zurich and Milan. Since its inception in 1982, Rivean has supported more than 250 companies in realizing their growth ambitions.

Share: