Minimax

MINIMAX fire detectors

€53 million

In cash proceeds

Key Stats

  • Region: Germany​
  • Date invested: 2018​
  • Date realised: 2025**
  • Sector: Industrials​
  • Underlying manager: ICG
In April 2025, ICG Enterprise Trust announced the realisation of Minimax, generating €53 million in cash proceeds to ICGT.

Minimax is an international provider of industrial and commercial fire protection solutions with over 120 years of experience and c. 10,000 employees. The business has one of the broadest product portfolios among leading sector players offering water, foam and gas-based fire suppression systems, related electronics and support services. Minimax is the only pure-play fire protection company among the global top three and is one of only two global players who can offer fire suppression products, systems and services under all major global certifications.

ICGT originally invested in Minimax in 2018 alongside funds managed by ICG.* Our realisation of Minimax in 2025 generated €53 million in cash proceeds to ICGT.**

*The original investment was through primary commitments to ICG Europe VI and ICG Europe VII as well as a direct co-investment into Minimax

** Cash proceeds received of €53m, of which ICG Enterprise Trust is reinvesting €14m alongside Management and other investors including certain ICG funds

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