NVESTCORP, a global provider and manager of alternative investment products, announced Monday that it has completed the sale of IPH Group, a leading distributor of industrial supplies in Europe, to PAI Partners, a Paris-based European private equity firm in a deal that generated in excess of €210 million of realization proceeds for Investcorp and its clients. During the period of ownership by Investcorp, IPH Group tripled its sales from €293 million to €860 million and grew EBITDA from €12 million to over €62 million in 2012. Mohammed Al-Shroogi, President for Gulf Business at Investcorp, said: “Our ability to secure a healthy return from the sale of IPH Group despite the ongoing turbulence in the eurozone market is evidence of our ability to identify appropriate exit opportunities. IPH Group is on a continuing growth path and as Investcorp steps away from the business today, it leaves a reputable leader in its field.” IPH Group distributes a large range of industrial supply products and is represented in Europe by strong national networks, namely Orexad and Anfidis in France, Zitec in Germany, Biesheuvel Techniek in the Netherlands, D'hont in Belgium, and Novotech in Romania. The strength of these networks, which comprise over 250 outlets across Europe, has enabled the IPH Group to become recognized as a valued supplier for its industrial clients. — SG
