Ardian provides financing to support IK Partners’ investment in Francks Kylindustri

Ardian, a world‑leading private investment firm, has arranged a Private Credit financing package, including Unitranche and Committed Acquisition Facilities, to support IK Partners’ (“IK”) investment in Francks Kylindustri (“Francks”, “the Company”), a leading Nordic provider of installation and aftermarket services for commercial and industrial refrigeration systems.

Founded in 1950 and headquartered in Sweden, Francks has over the past 75 years built a strong reputation as a trusted partner for complex, business‑critical refrigeration and cooling solutions. The Company serves a diversified blue‑chip customer base of more than 1,000 clients and employs over 650 people across 50 sites in Sweden, Norway, Denmark and Finland.

“We are delighted to partner with IK Partners in supporting Francks Kylindustri, as Francks stands out as a leading Nordic specialist in commercial and industrial refrigeration installation and aftermarket services. Francks has delivered strong, profitable growth through organic performance, strategic acquisitions and new site openings, evolving from a regional Swedish business into a pan‑Nordic platform. With a solid foundation for further expansion, we look forward to working with IK to help accelerate Francks’ next phase of growth.” Stuart Hawkins, Head of Private Credit UK, Ardian.

With over two decades of experience, the Private Credit activity at Ardian is among Europe’s most established players, applying a multi‑local approach to partner with private equity sponsors and management teams in advancing the growth of high‑quality companies. This transaction adds to Private Credit’s track record of successful investments in the Nordics and reflects a period of strong investment activity for the team.