IK Investment Partners, through its IK VII Fund, shall acquire Evac, a provider of integrated water and waste management solutions for the marine, offshore and building industries. Oaktree Capital Management, the seller, has held a majority share in the company since early 2013. With a presence in more than 40 countries in the world, Evac has delivered over one million sanitation units for 12,000+ vessels over the years. It currently employs around 190 people and its total revenue for FY2014 is close to €70 million ($90 million). IK also recently entered into exclusive talks to buy Exxelia from LBO France.