Industrials

IK Partners has acquired a majority stake in Ascora Group a French insurance broker, as part of a management buyout.

The acquisition marks the company’s first acquisition since Axis and CLC came together to create a combined platform.

While deal volume figures from earlier this year looked gloomy, data from the third quarter suggests activity may be picking up.

'Many sponsors hold large, mature portfolios and there is an increasing need to return capital as fund lives stretch. With cleaner run‑rates and more predictable trading, more assets will come to market.'

Veradek supplies planters, side tables, deck boxes, waste bins and other décor items to e-commerce and retail channels throughout Canada and the US.

Aquatec is an Australian provider of water and wastewater management services.

Mutares acquired the operations of Terranor in Sweden and Finland in 2020 through a carve-out from NCC, followed by the acquisition of the Danish business in 2021.