Milbank LLP advised IK Partners on the financing of the acquisition of CONET Group.
IK Partners ("IK") is a European private equity firm focusing on investments in the DACH region, Benelux, France, the Nordics and the United Kingdom. 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.
CONET Group offers SAP consulting, communication solutions, software development and managed services to the public and private sectors in the areas of cybersecurity, cloud, mobility and data intelligence. Founded in 1987 and headquartered in Hennef, Germany, the company employs over 1,100 people in 13 offices in Germany, Austria and Croatia.
The Milbank team that advised IK on the financial aspects of the transaction was led by partner Barbara Mayer-Trautmann and included associates Jennifer Seipelt, Alexander Lang and Anna Merkl (all Finance, Munich).
