CFO Martin Öhman has left the Handicare Group

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Handicare

As part of a huge cost saving and downsizing operation there has been decided to outsource the Kista finance function to a UK shared service center. This has made the position of Mr. Öhman redundant. He was CFO of the business unit Patient Handling.

With the recent purchase of Prism Medical ltd. Handicare seems to concentrate their business on the USA and UK market only. Also the bookkeeping of the Dutch subsidiary Bathroom Safety has been closed from October. Most of finance in Heerhugowaard (Handicare Stairlifts) has also been moved to the UK already.

The Swedish Handicare Group is suffering in a highly competence healthcare market.
Last year the company already divested 60% of the business with the sale of Handicare Mobility to Sunrise Medical.
The company is currently owned by private equity company Nordic Capital.

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Ratos – Magnus Agervald assumes his position as CEO November 14

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Ratos

2016-09-29

In accordance with previous announced decision, the Board of Directors has decided to appoint Magnus Agervald as the new CEO of Ratos. Magnus assumes his new position at November 14, 2016.
 

Magnus assumes his new position as CEO of Ratos at November 14, 2016. Magnus Agervald has been President & CEO of the publicly listed Byggmax Group since 2008, prior to which he was a consultant at McKinsey & Company, an Investment Manager at the Nordic private equity firm IDI, and the founder of Icomera, a mobile internet company.

In conjunction with Magnus Agervald assuming his position in November, Acting CEO Lars Johansson will return to his role as Investment Director at Ratos.

For further information, please contact:
Elin Ljung, Head of Corporate Communications, elin.ljung@ratos.se, +46 8 700 17 20

– See more at: http://www.ratos.se/en/Press/Press-releases/2016/Ratos-AB-Magnus-Agervald-assumes-his-position-as-CEO-November-14/#sthash.CTzMn1tx.dpuf

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Ardian – RGI Acquires Kapia Solutions

Ardian

Milan, September 29 2016 – RGI a leading provider of software products and technology services to the insurance industry, and a portfolio company of Ardian, today announced the acquisition of a 100% stake in Kapia Solutions SAS, a French competitor which focuses specifically on life insurance.

Kapia Solutions is a leading technology vendor in France in the life insurance industry, as wel as in pension and wealth management, with offices in Paris, Lille and Luxemburg. Know for its unique agility and flexibility, Kapia Solution has built a strong reputation among French insurers. Its expertise has helped it establish succesful partnerships across the industry.

Founded in 1987, RGI specializes in software products for insurance compamies. It offers a range of services aimed at managing products, processes and insurance networks, as well as in activity customization, application maintenance and customer assistance. RGI has a leading position in EMEA region, working with some of the most prominent insurance companies, both in Italy and across Europe. Ardian having acquired a 72% stake in RGI in May 2014, will continue to support RGI’s global growth plans through it’s global network and dedicated team. In 2015 RGI registered more than 55 million euro’s revenues.

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Peter Nilsson appointed as new CEO of Speed Group

2016-09-28

Peter Nilsson has been appointed as the new CEO of Speed Group, a Swedish logistics and staffing services provider. After six years with the company, Catrin Wirfalk has chosen to leave Speed Group to pursue new challenges.
 

Peter Nilsson has extensive experience from senior positions in the logistics industry, most recently as Managing Director of DHL’s Norwegian and Swedish supply chain operations, and previously held various executive positions at Tetra Pak. Peter will assume his new role as CEO of Speed Group in October. Since Ratos’s acquisition, Peter has been a member of Speed Group’s Board of Directors, sharing his extensive expertise from the logistics industry. In July, Ingvar Nilsson took over as Chairman of Speed Group. Ingvar joined the Board from his role as Regional Director for Northern Europe at Schenker and, along with Peter, has strengthened the company’s expertise in the area of logistics.

“Over the past few years, Catrin and her colleagues have successfully developed Speed Group into a leading Swedish company in its market segment. Speed Group’s business model, which combines logistics services and specialised staffing, has given the company a competitive offering in areas which Peter, with his extensive experience, can further develop. We continue to see excellent potential in Speed Group’s business model and strong position in an attractive market niche,” says Henrik Joelsson, Investment Director at Ratos.

Ratos acquired 70% of the shares in Speed Group in 2015. The company’s founder owns the remaining 30%. The company has approximately 1000 employees and sales of SEK 536m for 2015.

For further information, please contact:
Elin Ljung, Head of Corporate Communications, +46 8 700 17 20
Henrik Joelsson, Investment Director, +46 8 700 17 47

– See more at: http://www.ratos.se/en/Press/Press-releases/2016/Ratos-AB-Peter-Nilsson-appointed-as-new-CEO-of-Speed-Group/#sthash.NIvTAqn5.dpuf

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Ratos acquires Plantasjen

Ratos

Ratos has signed an agreement to acquire 100% of the shares in Plantasjen, the Nordic region’s leading chain store for plants and gardening accessories from funds advised by Apax Partners, a leading global private equity advisory firm. The purchase price (equity value) for 100% of the company is approximately NOK 1.2 billion, corresponding to an enterprise value of approximately NOK 2.9 billion.

Plantasjen is the Nordic region’s leading chain for sales of plants and gardening accessories, with a total of 124 stores in Norway, Sweden and Finland, and a primary focus on the consumer segment. The market for plants and gardening accessories is supported by stable growth and underlying positive trends in the form of increased interest in cultivation, plants and interior design. Since its founding in 1986 in Norway, Plantasjen has developed its operations, strengthened its brand and established itself broadly in the Nordic region, and it now holds a leading position in the market. Plantasjen has about 1,200 employees and generated sales of approximately NOK 3.7 billion in the last twelve months leading up to June 2016, with operating profit (EBITDA) of approximately NOK 370m.

“Plantasjen’s leading market position, strong brand and product offering in a market with stable growth is highly attractive. We anticipate continued high potential for increased sales in both current garden centres and the new investments in smaller, more centrally located stores. The company is currently working to sharpen its focus on its range of plant products, in order to meet the increased interest in plants and cultivation, which we consider to be a successful strategy for continued growth in value. Our experience in driving growth in consumer companies, combined with the company’s strong management and ambitious business plan, makes this a particularly interesting investment for Ratos,” explains Lars Johansson, Acting CEO at Ratos.

“The plant industry has considerable potential. Plantasjen’s operations are based on a positive core product that customers and employees cherish and have a genuine interest in. Plantasjen has a strong brand and a broad establishment in the Nordic region, and operates within an attractive market segment where we see considerable development potential to further build on these strengths. Combined with Ratos’s experience, competence and capital, the capacity represented by the leading brand of plants in all channels offers great potential to further strengthen our market position in the Nordic region,” says Jon Abrahamsson Ring, President and CEO of Plantasjen.

Ratos is acquiring 100% of the shares of Plantasjen. The purchase price (equity value) for 100% amounts to approximately NOK 1.2 billion. Based on estimated net debt on completion, the enterprise value for the transaction equals approximately NOK 2.9 billion. The acquisition is subject to approval by the relevant authorities and is expected to be completed in the fourth quarter.

 

For further information, please contact:

Elin Ljung, Head of Corporate Communications at Ratos, +46 8 700 17 20

Lars Johansson, Acting CEO of Ratos, +46 8 700 17 00

Johan Ramsten, Media Relations at Plantasjen, +46 70 971 12 85

Ratos is an investment company that owns and develops unlisted medium-sized Nordic companies. Our goal as an active owner is to contribute to long-term and sustainable business development in the companies we invest in and to make value-generating transactions. Ratos’s portfolio consists of 21 medium-sized Nordic companies and the largest segments in terms of sales are Construction, Industrials and Consumer goods/Commerce. Ratos is listed on Nasdaq Stockholm and has a total of approximately 16,100 employees.

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Evatic acquires Tesseract

Evatic, a leading software vendor within Service Management, has acquired Cranbox Ltd in the UK. Cranbox Ltd. is the owner of the Tesseract service management software product trading under the name Tesseract. Together Evatic and Tesseract will complement each other’s product portfolio and strengthen the product offering within the service management field in the market. Tesseract has its main office in High Wycombe just outside London and an US office in Reston, Virginia.

“We are extremely happy to add Tesseract to our product family” says Pål M. Rødseth, CEO of Evatic. “We have known Colin and his team for years and we believe that the two organizations will complement each other both when it comes to products, industries and geographies. The Tesseract solution with a cloud based platform will make a great addition to the Evatic software suite.”

“I believe that Tesseract is in the best hands going forward”, says Colin Brown, founder and CEO of Tesseract. “With more than 150 customers in a wide range of industries, there is very little overlap with Evatic both when it comes to customer industries and geographies, and I am confident that the product and the customers will continue to thrive under the Evatic ownership”.

Evatic is a leading European service management software company with head office in Trondheim, Norway and offices in Sweden, Germany, France, Poland and Singapore. With a global reach and more than300 customers in 30+ countries Evatic offers a brand product suite for companies that need to make their services profitable. Evatic is a private company owned by the founders and Viking Venture.

 

For further information, please contact:

Pål M. Rødseth, Evatic CEO, + 47 73 80 22 00, www.evatic.com

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CapMan Real Estate sells school property in Stockholm ahead of schedule

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CapMan Oyj

CapMan Nordic Real Estate fund has agreed to sell The English School property in Älvsjö, Southern Stockholm following its recent conversion of the building from office to school use. The buyer is Fastighets AB Stenvalvet, a Swedish property company owned by pension funds. Stenvalvet owns and develops properties for public use.

CapMan Real Estate originally invested in the vacant 7,930 square-meter office property in August 2015 in order to convert the building into modern school premises for Internationella Engelska Skolan (IES), which signed a long-term lease for the property. The conversion work was finalised as originally scheduled and the school opened its doors in August this year.

“Älvsjö is a fast growing suburb with high demand for services and our school project has generated great interest from both pupils and their families. Investor interest has also been very strong. We are very happy about the smooth collaboration we have enjoyed with IES in Älvsjö and look forward to continuing our excellent relationship on other future projects,” comments Ed Williams, Senior Partner at CapMan Real Estate.

The English School is the fourth exit of the CapMan Nordic Real Estate fund. The focus of the €273 million fund is to acquire mainly office, retail and residential properties located in established submarkets of major Nordic cities. The fund was established in 2013.

 

For further information, please contact:

Ed Williams, Senior Partner, CapMan Real Estate, tel. +46 8 445 1051

 

CapMan www.capman.com

CapMan is a leading Nordic investment and asset management company active in the private equity industry. For more than 25 years, we have been developing companies and real estate and supporting their sustainable growth. We are committed to understanding the needs of our customers in an ever-changing market environment. Our objective is to provide attractive returns and innovative solutions for our investors and value adding services for professional investment partnerships, growth-oriented companies and tenants. Our independent investment partnerships – Buyout, Real Estate, Russia and Nest Capital – as well as our associated company Norvestia are responsible for investment activities and value creation. CapMan’s service business offering includes fundraising advisory services, purchasing activities and fund management services to both internal and external customers. CapMan has 100 private equity professionals and assets under management of €2.8 billion.

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IK Investment Partners and Five Arrows complete the acquisition of I@D

IK Investment Partners (“IK”) and Five Arrows Principal Investments (“FAPI”) are pleased to announce they have completed the acquisition of I@D Holding (“I@D” or the “Company”), a services platform dedicated to the first network of independent real estate agents in France. The founders Malik Benrejdal, Jade Benrejdal and Jerome Chabin as well as NAXICAP Partners, shareholder since 2012, are reinvesting 37% alongside IK and FAPI.

Founded in 2008 with the ambition to offer an alternative way of buying and selling residential property, I@D is a fast-growing digital platform offering a large range of value-added support services to independent real estate agents. The Company has demonstrated a stellar track record of organic growth since inception and has grown to become the largest network in France with ca. 3,200 local agents and over 11,800 transactions intermediated last year. I@D posted revenues of ca. €80 million for fiscal year ending June 2016.

“We are delighted to have the opportunity to contribute to the future success of I@D. We have been very impressed with the Company’s achievements so far and believe that I@D has tremendous growth potential with further market penetration in France, expansion of its real estate service offering and potential development in selected countries in Europe. We will support the management team in the implementation of its strategic plan, and aim to preserve the entrepreneurial spirit of the Company,” said Dan Soudry, Partner at IK and advisor to the IK VII Fund.

“We are very proud to support I@D in the next stage of its development. We are looking forward to collaborating with the management team and helping the Company to further scale its operations in France and accelerate its recent international expansion,” said Emmanuel Roth, Co-Managing Partner at Five Arrows Principal Investments.

“We are very pleased to welcome IK and Five Arrows who share our long term strategic vision for the business and plan to support our successful track record of delivering strong growth of the network domestically, as well as expand to adjacent segments or new geographies,” said Malik Benrejdal, CEO of I@D France.

“Since 2012, we have appreciated the quality of the management and have recorded the relevance of I@D’s business model whose turnover has increased from €23m to €80m. We are convinced of the potential of development in France that is still high and of the success of the model’s duplication worldwide. That’s why NAXICAP Partners is very pleased to support I@D in this new project,” said Laurent Sallé, Managing Partner at NAXICAP Partners.

Parties involved

IK Investment Partners – Dan Soudry, Rémi Buttiaux, Vincent Elriz, Thibaut Richard
Financial advisor: goetzpartners (Guillaume Piette, Cedric Hawthorn, Adrien Hautefeuille, Julien Pascal, Leo Fallourd)
Strategic DD: ATKearney (Jerome Souied, Hugo Azerad, Nicholas Veg, Charlotte Lescop)
Financial DD: KPMG (Vincent Delmas, Stephanie Taupin, Maroua Bouchareb)
Legal advisor: Willkie Farr & Gallagher (Eduardo Fernandez, Gregory De Saxce, Gil Kiener, Stanislas Curien, Mathilde de Wiljes)
Debt financing: Permira (David Hirschmann, Roy Awad)

Five Arrows Principal Investments – Emmanuel Roth, Nicolas Robin, Brahim Ammor, Stéphane Gaudard
Financial advisor: UBS (Jerome Pin, Anne-Sophie Serre)
Legal advisor: De Pardieu Brocas Maffei (Jean-François Pourdieu, Matthieu Candia)

I@D France Founders – Malik Benrejdal, Jade Benrejdal, Jérôme Chabin
NAXICAP Partners – Laurent Salle, Clemence Rousselet
Financial advisor: Edmond de Rothschild Corporate Finance (M&A: Christophe Marchand, Inès Reinmann-Toper, Sebastien Auger, Sara Napolitano, Arthur Pignot; financing: Gregory Fradelizi, Paul O’Mahony)
Strategic DD: Eleven (Ambroise Huret, Thomas Littee)
Financial DD: Accuracy (Arnaud Lambert, Florence Westermann)
Legal advisor: Pinot de Villechenon & Aassociés (Gilles Roux, Tristan Segonds)
IT advisor: Octo Technology (Jean-Damien Blanc, Stephen Perin)
Founders’ special advisor: Hoche Société d’Avocats (legal: Guillaume Martinet, Alexia Berbain Faguer; tax: Eric Ginter, Julien Bellet), Groupe Pictet (Paul Puech), Banque Privée 1818 (Pierre-Emmanuel Eveillard)

For further questions:

I@D France
Malik Benrejdal, CEO
Phone: +33 1 64 43 49 50

 

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CapMan Real Estate sells the Rantasipi Sveitsi hotel in Hyvinkää to Kiinteistörahasto Sveitsi Ky

CapMan Oyj

CapMan Hotels RE Ky fund sells 100% of its ownership in the Rantasipi Sveitsi hotel property based in Hyvinkää, Finland to Sveitsi Kiinteistörahasto Ky, which is owned by a consortium of investors established to develop the hotel. The transaction was completed on 20 September 2016.

Restel’s lease of the property came to an end in spring 2016. The new owner will convert the hotel property into a versatile centre for active travel and leisure suitable for both conference guests and families. In addition, the city of Hyvinkää and the new owner have agreed to expand the existing public swimming pool in Hyvinkää into a spa-like facility. 

“The timing to sell the asset is most convenient from the fund’s perspective, as the lease has recently expired. We are very pleased that we have found an energetic new owner for Rantasipi Sveitsi, who is committed to developing this hotel and revitalising it to its full splendour, taking its colourful history into account. We believe that the project will have a positive effect on the city of Hyvinkää by increasing the attractiveness of the area,” comments Pirjo Ojanperä, Partner of CapMan Real Estate.

CapMan Hotels RE Ky fund was established in 2008 and it manages 39 hotel properties in Finland and Sweden. The fund includes, among others, the hotel properties of Crowne Plaza and GLO Hotel Art in central Helsinki.

For additional information, please contact:
Pirjo Ojanperä, Partner, CapMan Real Estate, tel. +358 50 388 3306

CapMan www.capman.com

CapMan is a leading Nordic investment and asset management company. For more than 25 years, we have been developing companies and real estate and supporting their sustainable growth. We are committed to understanding the needs of our customers in an ever-changing market environment. Our objective is to provide attractive returns and innovative solutions for our investors and value adding services for professional investment partnerships, growth-oriented companies and tenants. Our independent investment partnerships – Buyout, Real Estate, Russia and Nest Capital – as well as our associated company Norvestia are responsible for investment activities and value creation. CapMan’s service business offering includes fundraising advisory services, purchasing activities and fund management services to both internal and external customers. CapMan has 100 professionals and assets under management of €2.8 billion.

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Gimv provides EUR 30 million of growth equity to fast-growing medical device company Spineart

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GIMV

Gimv provides EUR 30 million of growth equity to fast-growing medical device company Spineart

Spineart today announces that it secured a EUR 30 million investment from Gimv[1], which thus becomes an important shareholder in the company. These proceeds will be used to reinforce the company’s sales organization and processes, for further geographical expansion in selective markets such as the US, as well as for continued development of innovative and disruptive products.

Spineart (www.spineart.com) is a fast-growing Swiss medical device company focused on simplifying spinal surgery by designing, developing and promoting safe and efficient solutions to surgeons, operating room teams and patients. Spineart is a pioneer in its field, having introduced unique patented and clinically validated technologies in the fields of motion preservation, fusion, biologics, minimally invasive surgery and fractures treatment. Spineart markets a complete portfolio combining traceable barcoded sterile packed implants with compact instrument sets, thus promoting greater safety, cost-efficiency, and compliance at the hospital. On top it offers strong customer service as well as high-quality training to physicians.

The company was co-founded in 2005 by Jérome Levieux and Stéphane Mugnier-Jacob, who both have over 20 years’ experience in the spine industry and co-lead Spineart. Over the past five years, Spineart grew by 16% on a yearly basis to reach a worldwide turnover of EUR 34 million in 2015. The goal for the coming years is to continue and further accelerate its expansion, by growing its market share in Europe and the US as well as by entering new markets. The company currently employs about 100 FTEs.

“Gimv is the partner we need to reach the next level. Its Health & Care team’s experience in accompanying fast growing companies will help to reach Spineart’s ambitious goals. Therefore, we are very pleased to have them on board and are excited to write together the next chapter in Spineart’s history,” said Jérôme Levieux and Stéphane Mugnier-Jabob, co-founders and co-CEOs of Spineart.

Peter Byloos, Partner in Gimv’s Health & Care team, comments: “Spine surgery is an attractive global market offering plenty of room for challengers such as Spineart. Next to its broad product portfolio and recognized European brand, the company differentiates itself by a strong focus on product innovation and full R&D pipeline. We look forward to share our expertise in the field of Building Companies and International Operations with Spineart’s experienced and committed leadership team. After EndoStim (US-NL), G-Therapeutics (CH) and Topas Therapeutics (GE) this is the fourth new investment of our Health & Care platform since the beginning of the year.”


[1] Joint-investment by Gimv and the Gimv Health & Care Fund

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