Adelis creates Danish market leader in IT outsourcing by merging IT Relation, Front-data and DSI-NEXT

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Adelis

Adelis Equity Partners (“Adelis”) has acquired majority stakes in IT Relation, Front-data and DSI-NEXT. The companies’ management teams continue as minority shareholders in the new setup.

The combined businesses will be the largest provider of IT outsourcing services to small businesses in Denmark with around DKK 300 million in revenues, 200 employees and offices in Herning, Århus, Odense and Copenhagen.

”With the combination of IT Relation, Front-data and DSI-NEXT, we have made four investments and three add-on acquisitions in Denmark since establishing Adelis less than three years ago. We are impressed by the three companies’ niche focus on small businesses, their consistent growth, and their strong cultures that make them leaders in this industry,” said Steffen Thomsen of Adelis.

“This acquisition creates a strong platform for growth. We have experience with similar companies where we have focused on finding the best platform in terms of a scalable business model combined with a strong company culture and a skilled management team,” Joel Russ of Adelis added.

The three businesses will continue activities under their own brands as part of the IT Relation Front-data Group and have access to capital and knowledge that will make it possible to accelerate their positive business development.

“We are pleased and proud to be able to work with Adelis given their significant experience building strong businesses through consolidation. Furthermore, they can contribute with their insights from previous technology investments, including within hosting. We are looking forward to the cooperation,” said Henrik Kastbjerg, CEO of IT Relation.

”I am delighted that we have created a strong foundation to deliver top-class service to our customers and to attract and retain the best employees,” said Jens Søgaard, founder of Front-data.

In connection with the transaction, Henrik Kastbjerg will become Group CEO of IT Relation Front-data. Jens Søgaard will become a member of the board, which will be chaired by former CEO of KMD, Lars Monrad-Gylling.

Nykredit has provided debt financing for the transaction. Clearwater International advised IT Relation on the transaction.

Further details concerning the transaction will not be published.

For further information:

Steffen Thomsen, Adelis Equity Partners, +45 40 28 34 09, steffen.thomsen@adelisequity.com

Joel Russ, Adelis Equity Partners, +46 73 543 90 68, joel.russ@adelisequity.com

Henrik Kastbjerg, IT Relation, +45 20 69 67 00, hvk@itrelation.dk

Jens Søgaard, Front-data and DSI-NEXT, +45 27 63 85 00, js@frontdata.dk

 About IT Relation

IT Relation was founded in 2003 and within a short period, the company has become one of the leading suppliers of it outsourcing services in Denmark. IT Relation currently has 115 employees, with offices in Herning and outside Copenhagen. For more information, please visit www.itrelation.dk .

About Front-data and DSI-NEXT

Front-data and DSI-NEXT have been part of JS Holding where the two companies have built up leading positions within each of their markets, Front-data within IT Outsourcing/Hosting and DSI-NEXT within Sharepoint, .net development and business intelligence solutions. In combination, Front-data and DSI-NEXT have 95 employees and offices in Århus, Odense and Copenhagen. Please visit www.frontdata.dk and www.dsinext.dk .

About Adelis Equity Partners

Adelis is an active investor and partner in creating value at small and medium sized Nordic companies. Adelis was founded in 2012 with the goal of building the leading lower middle market investment firm in the Nordics. Adelis’ team members have extensive Private Equity experience, have invested in over 50 companies and have been members of the board in more than 50 middle market companies. Our current fund size is approximately €400 million. For more information please visit www.adelisequity.com.

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Bure has acquired shares in Lauritz.com Group A/S

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2016-06-29 16:21

Bure Equity AB (publ) (“Bure”) has, in connection with the IPO of Lauritz.com Group A/S (‘Lauritz”), acquired 4,595,333 shares corresponding to 11.3 percent of the total number of shares and votes in the company. Lauritz is listed on NASDAQ OMX First North Premier Stockholm.

Bure Equity AB (publ)

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Prism Medical LTD. agrees to be acquired by Handicare Group AB

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Handicare

6/28/2016

June 27, 2016 – Prism Medical Ltd. and Handicare Group AB today announced that they have entered into an arrangement agreement pursuant to which Handicare will acquire all of the outstanding common shares of Prism Medical. Pursuant to the Arrangement Agreement, shareholders of Prism Medical will receive $12.50 in cash for each Prism Medical Share, which represents a 31.6% premium to the closing price of the Prism Medical Shares on the TSX Venture Exchange on June 27, 2016 of $9.50 and a premium of 34.2% to the 20-trading day volume weighted average trading price of the Prism Medical Shares on the TSXV. The total equity purchase price is approximately $62 million on a fully diluted basis.

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Asbjørn Eskild appointed CEO of Handicare Group

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Handicare

Asbjørn Eskild appointed CEO of Handicare Group

Kista, Sweden (June 20, 2016)
Asbjørn Eskild has been appointed CEO of Handicare Group as of June 8, 2016. Asbjørn Eskild has been instrumental in helping Handicare achieve very impressive revenue and profitability improvements over the past few years. During 2016, Asbjørn was appointed COO and has in this role led the strategy work for Handicare. Asbjørn is by now well familiar with Handicare Group’s opportunities, challenges and targets for the next few years to come.

Asbjørn Eskild joined Handicare in 2011. Before being appointed CEO, Asbjørn had served both as Group COO and as Senior Vice President with responsibility for two of Handicare’s business units. During 2000-2011 Asbjørn was CEO of Hamax, a global leading producer of child bike seats and toboggans.

Handicare is part of the Nordic Capital portfolio

Categories: Personalia

Adelis portfolio company Nordomatic acquires dominus

Adelis

Adelis Equity Partners Fund I (“Adelis”) portfolio company Nordomatic AB acquires dominus A/S, the leading Danish building management systems company, together with the management of the two companies.

Adelis Equity Partners Fund I (“Adelis”) portfolio company Nordomatic AB acquires dominus, the leading Danish building management systems company, together with the management of the two companies. The seller is Trefor A/S.

dominus A/S, which was acquired from the founders by Trefor A/S in 2010, has a track record of consistent strong profitable growth and is the leading provider of open building management systems in the Danish market. The company’s 72 employees are based in six locations across Denmark.

For Nordomatic, the acquisition means that the group will have turnover of approximately SEK 500 million and 250 employees.

“dominus has had the ambition to grow in the Nordics and now we have the opportunity to take this step by becoming part of a more specialized group. We will continue to invest behind and develop our business in Denmark and look forward to doing this with a financially strong partner that knows our industry well. We see even greater opportunities for developing our technology as well as our employees,” says Toke Juul, CEO of dominus A/S.

“During the past few years, Nordomatic has developed from essentially being a Stockholm-focused business to becoming the nation’s largest specialist within building automation with presence in eleven cities in Sweden. The merger with dominus is yet one more exciting step in our strategy of building a leading Nordic player within the area of ‘smart buildings’. We are very impressed both by the market position and the competence and commitment of dominus’ employees and look forward to continuing to build on the company’s strong brand in Denmark,” says Olov Schagerlund, CEO of Nordomatic AB.

“We have a very positive view on the market for building automation and ’smart buildings’. Following our acquisition of the leading Swedish player Nordomatic in March 2016, we are very pleased with being able to, in a short period of time through the acquisition of dominus, create a group with a leading position also in Denmark. We are looking forward to working with group management to continue the growth in both countries, as well as over time building a presence in other Nordic countries,” says Jan Åkesson at Adelis.

The parties have agreed not to disclose the terms and conditions of the transaction, which is expected to close during the summer of 2016.

For further information:

Jan Åkesson, Adelis Equity Partners, +46 8 525 200 01, jan.akesson@adelisequity.com

Torbjörn Torell, Chairman Nordomatic, +46 70 577 40 40, torell.torbjorn@gmail.com

About Nordomatic

Nordomatic is the leading independent provider of energy-efficient smart building solutions to property owners and general contractors. Nordomatic has offices in Stockholm, Solna, Södertälje, Linköping, Norrköping, Jönköping, Kalmar, Växjö, Borås, Göteborg and Malmö. Nordomatic has 175 employees and revenue of SEK 330m. For more information please visit www.nordomatic.se .

About dominus

dominus was founded in  1997 by the Juul family and has in a short period of time positioned itself as one of the leading suppliers for building management systems in Denmark. dominus has 72 employees and offices in Herning, Århus, Ålborg, Kolding and Copenhagen. For more information, please visit www.dominus.dk .

About Adelis Equity Partners

Adelis is an active investor and partner in creating value at small and medium sized Nordic companies. Adelis was founded in 2012 with the goal of building the leading lower middle market investment firm in the Nordics. Adelis’ team members have extensive Private Equity experience, have invested in over 50 companies and have been members of the board in more than 50 middle market companies. Our current fund size is approximately €400 million. For more information please visit www.adelisequity.com .

Categories: News

AddSecure sold to ABRY Partners

Viking Venture is pleased to announce the sale of portfolio company AddSecure to ABRY Partners, a Boston US based private equity firm. AddSecure is the Nordic market leader providing secure mission-critical machine to machine communications for security and other applications across a wide range of verticals including healthcare, public safety, transportation and utilities. 

AddSecure manages a highly secure communications platform enabling the automated control and remote monitoring and management of sensors and other devices deployed in the field.

The company was established after the merger of the Viking Venture backed company Safetel AS and Multicom Security in 2014. Safetel AS was founded in 2000 based on a fundamental belief that mobile communication networks would be well suited to provide secure critical communication. Safetel received funding from Viking Venture, B. Skaugen AS and Follum Invest and grew quickly to become a strong Nordic player.

Following the merger, AddSecure has grown into employing around 120 people, having 120,000+ active subscribers and a strong network of over 1,000+ channel partners in Norway and Sweden. The company had revenues of SEK 374 mill. in 2015 with an EBITDA of SEK 124 mill.

“AddSecure is a great example of how we can develop world class Norwegian technology into internationally leading businesses through organic and inorganic growth”, said Erik Hagen, Managing Partner at Viking Venture.

“AddSecure has managed to achieve a unique position within the Scandinavian secure communications market. Scandinavian tech companies are at the forefront of global development, and we truly believe AddSecure has the potential to establish itself as an international M2M communications player in the coming years”, said Rob Nicewicz, Principal at ABRY Partners.

Read more in Adresseavisen June 17 2016 (only in Norwegian).

About Viking Venture
Viking Venture is one of the leading Nordic venture funds and invests in growth companies within IT and Oil and Gas with a potential to grow internationally. Viking Venture is managing funds with NOK 1.4 and has invested in 40 companies. Viking Venture is based in Trondheim, Norway and has presence in the US and the UK. See www.vikingventure.com.

About AddSecure
AddSecure is a leading Nordic company within secured critical communication systems. The business emerged at the beginning of the 1970s and has today more than 100 000 business clients and 120 employees in Scandinavia. The company’s communications services for alarm and mobile data protects life, property and public functions. The offered solutions are flexible, easy to install and increases the clients’ competitive strength. The ambition is to be the preferred choice in the Nordics and a leading player in the Northern Europe. For more information please visit www.addsecure.com

About ABRY Partners
Founded in 1989, ABRY Partners is one of the most experienced and successful media, communications, business and information services focused private equity investment firms in North America. Since its founding, ABRY has completed over $61 billion of transactions, representing investments in over 550 properties.

Contact persons:
Erik Hagen, Managing Partner Viking Venture +47 920 22 430
erik.hagen@vikingventure.no

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CapMan Real Estate acquires a 50% stake in the leading outlet centre in Denmark

The CapMan Nordic Real Estate fund has acquired a 50% stake in the Ringsted Outlet centre and forms a partnership with the Danish real estate company TK Development. Ringsted Outlet is the first and leading outlet centre in Denmark. The aim of the investment is to further develop the centre and its services to correspond to the increasing demand.

“We are delighted to have the opportunity to participate in this retail niche that has truly been on the rise in recent years. The growth prospects for the outlet centre are steady and there are several value creation opportunities through improving occupancy and brand offering, among others,” comments Torsten Bjerregaard, Senior Partner at CapMan Real Estate.

“We have previous experience with TK Development working on BROEN Shopping in Esbjerg and we are looking forward to realising the full potential of the Ringsted Outlet with them,” Bjerregaard adds.

The Ringsted Outlet, awarded Denmark’s best outlet centre in 2015, covers 12,500 square meters and is the only architect-designed outlet city in Denmark following the concept of successful international outlet villages. The centre has a unique location along the E20 motorway in Sealand, a 45-minute drive from Copenhagen, with a direct rail link to Copenhagen city centre.

Ringsted Outlet has 44 Danish and some of the world’s largest international brands, including Nike, Hugo Boss, Calving Klein and many more. Currently the outlet is 85% occupied and is expected to be fully let in one year’s time. The centre had 1.5 million visitors in 2015 and has experienced double-digit growth in recent years, both in terms of visitors and turnover.

The focus of the €273 million CapMan Nordic Real Estate fund is to acquire mainly office, retail and residential properties located in established submarkets of major Nordic cities. The fund was established in 2013 and has made 17 investments of which eight are located in Denmark.

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svt Group to acquire AIK Flammadur Brandschutz

ik-investment-partners

svt Group to acquire AIK Flammadur Brandschutz

svt Group (“svt” or “the Group”) is pleased to announce the acquisition of AIK Flammadur Brandschutz GmbH (“AIK”), a manufacturer of passive fire protection products and systems. Financial terms of the transaction are not disclosed.

Established in Seevetal/Hamburg in 1969, svt is a leading passive fire protection and restoration management company in Germany. The Group operates in two segments – passive fire protection (“PFP”) and restoration management (“RM”), which share know-how and experience. svt has in total a network of 22 branches in Germany, local presence in Poland and Russia and a large international partner network.

IK Small Cap I Fund, advised by IK Investment Partners, is majority shareholder of svt since July 2015.

“AIK has a 100 year history and presence in the PFP market, a complementary product portfolio and a strong organisation, allowing us to further develop our offering and network of distributors. In addition, AIK is active in the shipping industry which enables us to benefit from an experienced team and an existing customer network. AIK will support us in our aim of improving fire safety in society, and we are very excited to team up with Jörg and his team,” says Steffen Gerdau, CEO of svt Group.

“We develop and manufacture passive fire protection products that meet the highest legal and technical standards. Looking ahead, we are confident in our new partnership with svt, and we are excited to work alongside them as we continue to develop new, future-oriented safety systems of the highest quality together,” says Jörg Hansen, CEO of AIK.

For further questions:

svt Group
Steffen Gerdau, CEO
Phone: +49 4105 409056

AIK Flammadur Brandschutz GmbH
Jörg Hansen, CEO
Phone: +49 561 58010

IK Investment Partners
Anders Petersson, Partner
Phone: +49 40 369 8850

Mikaela Hedborg, Communications & ESG Manager
Phone: +44 77 87 573 566
mikaela.hedborg@ikinvest.com

About svt Group
www.svt.de

About AIK Flammadur Brandschutz GmbH
www.aik-flammadur.de

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK funds have raised more than €7.5 billion of capital and invested in over 95 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com

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Nordic Capital announces the sale of COROB to Wise SGR

Nordic Capital Logo

Nordic Capital announces the sale of COROB to Wise SGR

Nordic Capital Fund VI (“Nordic Capital”) today announces that it has agreed to sell COROB Group, (“COROB”), a leading global provider of advanced tinting equipment to the paints and coatings industry, to WISE SGR S.p.A. (“Wise SGR”). The new owner will continue to support COROB’s growth and strategy.

COROB is a leading global provider of advanced tinting equipment to the paints and coatings industry. Headquartered in San Felice sul Panaro, Italy, COROB has three development and manufacturing sites in Italy, India and Finland and employs approximately 530 employees.

“Nordic Capital acquired COROB as a division of the Finland-based CPS Color in 2008, and separated COROB from the group’s colorant activities in 2013. With support from Nordic Capital, COROB has successfully established itself as a strong global standalone company, focused on delivering innovation to the tinting market and servicing its customers”, commented Christian Gylling, Principal, NC Advisory Oy, advisor to the Nordic Capital Funds and Board member of COROB.

Kaj Brandt, CEO of COROB, commented: “We are pleased with this important step in the history of COROB. Wise SGR is a leading Italian management company of private equity funds with a hands-on attitude and is supportive of our ambitious growth plans. I would like to thank Nordic Capital for their continuous support during the period of their ownership.”

Valentina Franceschini, Partner of Wise SGR commented: “The investment in COROB fits with the strategy of Wise SGR. The tinting equipment niche is one where Italian companies are the most innovative on a global basis. COROB is an Italy based company with an international footprint, and is exposed not just to the growth in the paints and coatings end market but also to the increased penetration of tinting globally.”

The sale is conditional upon normal regulatory approvals. Financial terms of the transaction were not disclosed.

Millington Advisory Partners acted as financial advisor to Nordic Capital in relation to the transaction.

Press contact:

Nordic Capital

Katarina Janerud, Communication Manager,
NC Advisory AB, advisor to the Nordic Capital Funds
Tel: +46 8 440 50 50
e-mail: katarina.janerud@nordiccapital.com

Wise SGR

Valentina Franceschini, Partner
Wise SGR
Tel: +39 02 8545691
e-mail: vfranceschini@wisesgr.it

Nordic Capital

Nordic Capital private equity funds have invested in mid-market companies primarily in the Nordic region since 1989. Through committed ownership and by targeting strategic development and operational improvements, Nordic Capital enables value creation in its investments. Nordic Capital Funds invest in companies in northern Europe and in selected investment opportunities internationally. The most recent fund is Nordic Capital Fund VIII with €3.5 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Funds are based in Jersey, Channel Islands, and are advised by the NC Advisory companies in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital please see www.nordiccapital.com

COROB

Headquartered in San Felice sul Panaro, Italy, COROB is one of the world’s leading suppliers of advanced tinting equipment for the global paints and coatings industry. COROB offers a complete range of point-of-sales equipment from entry-level to high-performance dispensers, as well as mixers and shakers. In addition, COROB supplies complete In-Plant tinting systems and advanced self-service vending solutions. COROB offering is supported globally by a highly recognized Service Partner network. The company’s commitment is to continue its heritage of building high quality and highly innovative products that create value to its final customers. COROB dedicates a significant part of its resources to improve its products and to develop new solutions for the tinting market. The main development and manufacturing sites are in San Felice in Italy, Daman in India and Ulvila in Finland.

www.corob.com

Wise

Wise SGR S.p.A. specializes in the management of Private Equity closed-end funds, investing in small and medium-sized companies, with a special focus on Italy. The funds managed by Wise are typically involved in leveraged buy-out and capital increase transactions, dedicated to companies that are leaders in their niche markets. The two major objectives are to lead “build-up” transactions, in order to enhance competitiveness and profitability, and to push the international development. Wise, controlled by the management team, from 2000 to today has managed three Funds: Wisequity I, with a commitment of €100 million, completely divested, Wisequity II, with a commitment of €170 million, which is in the process of disinvestment, and Wisequity III, with a commitment of over €180 million and six investments in its portfolio. Wisequity IV, with a commitment of €215 million, was launched in 2016 and the COROB investment will be the first investment from Wisequity IV.

www.wisesgr.it

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