Simpson Thacher represented AllianzGI, Ardian and Capital Four as senior secured lenders, in connection with the financing of IK Partners’ investment in Francks Kylindustri Group Holding AB. The transaction closed on October 31, 2025.
AllianzGI is a leading global asset manager with over €550 billion in AUM across public and private markets, including a Private Credit platform overseeing more than €40 billion in infrastructure debt and corporate credit strategies.
Ardian is a world-leading private investment firm that manages or advises $192 billion across Europe, the Americas, Asia and Middle East, on behalf of more than 1,860 clients globally.
Capital Four is a global credit asset manager that currently manages over $27 billion in AUM globally.
Founded in 1950 and headquartered in Sweden, Francks is a leading specialist provider of installation and aftermarket services within commercial and industrial refrigeration systems. With more than 75 years of experience, Francks has established itself as a trusted partner to a broad and diversified blue-chip customer base of over 1,000 customers who rely on the Company for complex and business critical refrigeration and cooling systems.
IK Partners is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the U.K. Since 1989, IK has raised more than €20 billion of capital and invested in over 200 European companies. IK Partners supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects.
The Simpson Thacher team included Hadrien Servais, Jacob Durkin and Eline Souffriau (Credit).