EQT Mid Market to acquire XP Solutions

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Press release.

  • EQT Mid Market agrees to acquire XP Solutions, a US-based global leading provider of water infrastructure and flood control software for engineers, regulators, and water authorities, from Cardno
  • EQT Mid Market is committed to supporting continued growth and expansion of the Company, through organic and acquisitive growth

The EQT Mid Market Investment strategy (“EQT Mid Market”) has agreed to acquire XP Solutions (“XP Solutions” or the “Company”) from Cardno (“Cardno”), an ASX-listed professional infrastructure and environmental services company based in Australia. The management team of XP Solutions, led by Colby Manwaring, will remain with the Company and continue to lead its growth. Financial terms of the transaction were not disclosed.

Founded in 1974, the Company provides water infrastructure and flood control software solutions to engineers, regulators, and water authorities. XP Solutions is known for its deep domain knowledge and technical expertise through 40 years of industry experience. Its solutions are uniquely embedded with regulatory standard functionality and the offerings range from hydraulics analysis software for drainage infrastructure design, storm/flood modeling, and visualization. The Company is headquartered in the US and has over 60 employees in North America, Europe, Australia, and Asia.

EQT Mid Market is keen to support the continued growth of XP Solutions both domestically and internationally. Particular focus will be on developing the Company’s North American sales function, introducing new products, and expanding the Company’s footprint through acquisitions.

Matt Levine, Partner at EQT Partners, Investment Advisor to EQT Mid Market, says:
“We are impressed with XP Solutions’ unique product offerings and market leadership position in key segments and regions. Colby and his team have built an excellent technology platform that has grown consistently over time. EQT’s strong expertise in the software and infrastructure sectors, alongside EQT’s global network, will be great support in the company´s international expansion.”

Colby Manwaring, President of XP Solutions, says:
“XP Solutions is pleased to join with EQT as we pursue the next phase of growth for the company. We are looking forward to continuing to work within a support structure that will allow us to broaden our software range and reach more clients globally. EQT shares our vision of building XP Solutions as a world leading provider of software solutions for infrastructure and environmental professionals.”

Contacts:
Kerstin Danasten, EQT Press Officer, +46 8 506 55 334
Matt Levine, Partner at EQT Partners, Investment Advisor to EQT Mid Market, +1-917-281-0849

About EQT
EQT is a leading private equity group in Europe with approximately EUR 30 billion in raised capital. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 15 billion and approximately 100,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

For further information, please visit www.eqtpartners.com

About XP Solutions
Established in 1974, XP Solutions is a world leading provider of industry standard sustainable drainage and flood hazard software for the civil engineering and environmental sectors. The software technology and professional solutions are used globally by government agencies, engineering companies and environmental management organizations to plan, design, simulate and manage the impact of human interaction with the natural world. XP Solutions is headquartered in Portland, Oregon.

For further information, please visit www.xpsolutions.com

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Investor – Acquisition of Laborie completed

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Investor

2016-09-16 17:31 GMT+02

On August 19, Patricia Industries, a part of Investor AB, announced the acquisition of the Canadian medical technology company Laborie from Audax Private Equity.

Following approval by the competition authorities, the acquisition has now been completed.

For the fiscal year 2016 (ending March), sales were USD 117 m. and reported EBITDA was USD 29 m., including non-recurring expenses of approximately USD 9 m. Since 2014, annual organic sales growth has averaged 5 percent in constant currency.

The acquisition price is approximately USD 640 m., which was provided by Patricia Industries, and Laborie’s management and board. Patricia Industries will own approximately 97 percent of Laborie upon closing and intends to replace part of its equity financing with debt at a later stage.

Categories: News

Airteam acquires Ventek Ventilation

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Ratos’s subsidiary airteam is strengthening its market position in Denmark through the acquisition of Ventek Ventilation A/S, a supplier of ventilation solutions.

airteam, a leading supplier of ventilation solutions in Denmark, is strengthening its market position in the country through the acquisition of Ventek Ventilation. The company was formed in 1982 and has approximately 45 employees, with its head office located in Nibe. Sales for 2015 amounted to approximately DKK 65m. Its offering comprises complete ventilation solutions, from design to installation and commissioning of ventilation systems. Furthermore, Ventek Ventilation offers maintenance and service of its installed solutions. The company’s offering is an excellent complement to airteam’s core operations.

“This strategic add-on acquisition further strengthens airteam’s market position in North Jutland in Denmark. Ventek is a market leader in North Jutland and has a customer-centric business culture and a dedicated team of employees. The company’s offering is a good fit for airteam’s business model,” says Poul Pihlmann, CEO of airteam.

The acquisition was completed on 15 September 2016.
For further information, please contact:
Elin Ljung, Head of Corporate Communications, +46 8 700 17 20
Robin Molvin, Investment Director, +46 08 700 17 00

– See more at: http://www.ratos.se/en/Press/Press-releases/2016/Ratos-AB-airteam-acquires-Ventek-Ventilation/#sthash.RzzYPunt.dpuf

Categories: News

HAL Completes sale of Audionova International

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Hal Holding
HAL and management completed the sale of 100% of the ownership interest in AudioNova International B.V. to Sonova Holding AG for an enterprise value of € 830 million.
This transaction was already announced on May 4, 2016.
AudioNova operates more than 1,300 stores in eight European countries and reported 2015 revenues of € 359 million and an operating income of € 47 million. The transaction resulted in a net capital gain for HAL of approximately € 490 million(€ 6.24 per share)
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HAL HOLDING N.V.
September 15, 2016

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Investor AB’s Nomination Committee for the 2017 Annual General Meeting

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2016-09-15 08:00 GMT+02

In accordance with the decision by the Annual General Meeting, the members of the Nomination Committee of Investor AB should be appointed by the four shareholders/owner groups controlling the largest number of votes in Investor AB which desire to appoint a representative. In addition thereto, the Chairman of the Board of Directors shall be a member of the Nomination Committee.

On August 31, 2016, the four owners controlling the largest number of votes (taking into account owner groups) which desired to appoint a representative to the Nomination Committee were the Wallenberg Foundations, AMF, SEB Foundation and Alecta. Each such shareholder has appointed a representative, as shown below, who together with the Chairman of the Board will form Investor AB’s Nomination Committee.

The Nomination Committee’s members are:

  •  Hans Wibom, Wallenberg Foundations
  • Peder Hasslev, AMF
  • Lars Isacsson, SEB Foundation
  • Ramsay Brufer, Alecta
  • Jacob Wallenberg, Chairman of Investor AB’s Board

The four owner representatives of the Nomination Committee represent approximately 65 percent of the voting rights for all shares of Investor AB.

The Nomination Committee shall present the following proposals for approval by the 2017 Annual General Meeting:

  • Proposal for Chairman of the Meeting;
  • Proposal for Members of the Board of Directors;
  • Proposal for Chairman of the Board of Directors;
  • Proposal for remuneration to the Members of the Board of Directors, distinguishing between the Chairman of the Board of Directors and other Members of the Board of Directors and remuneration for committee work;
  • Proposal for auditors;
  • Proposal for remuneration to Investor’s auditors; and
  • To the extent deemed necessary, proposal regarding amendments of the current instruction for the Nomination Committee.

Investor AB’s Annual General Meeting will be held on Wednesday, May 3, 2017, at City Conference Centre, Barnhusgatan 12-14, Stockholm, Sweden.

Shareholders who would like to submit proposals to the Nomination Committee can do so via e-mail: nomination.committee@investorab.com, or by ordinary mail to the address: Investor AB, Nomination Committee, SE-103 32 Stockholm, Sweden, by March 8, 2017, at the latest.

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Kinnevik: Financial results for the first six months 2016 for Global Fashion Group

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Kinnevik

Kinnevik AB (publ) (“Kinnevik”) today published financial results for the first six months 2016 for Global Fashion Group (including the regional businesses Lamoda, Dafiti, Namshi and Zalora). 

Global Fashion Group will host a conference call today, 15 September 2016, at 10.00 CET to present the results for the first six months 2016. Participants are welcome to join by phone using the below dial-in details:

DE: +49 (0) 69 2222 10633
UK: +44 (0) 20 3427 1924
USA: +1 646 254 3387
SE: +46 (0) 8 506 539 34

PIN Code: 9689105#

Summary financials for Global Fashion Group (including Lamoda, Dafiti, Namshi and Zalora) can be found on the following pages of this press release.

For further information, visit www.kinnevik.com or contact:

Torun Litzén, Director Investor Relations

Phone +46 (0)8 562 000 83
Mobile +46 (0)70 762 00 83

Categories: News

Data Respons acquires German company MicroDoc

Data Respons acquires 100 % of the shares in MicroDoc Computersysteme GmbH, a SW technology company in Germany with headquarters in Munich. The company has more than 50 specialists in SW development, Java and system design as well as SW solutions for IoT, mobile/network infrastructure and embedded applications

“With this acquisition, we strengthen us within several key strategic areas at one time. It gives us a big boost in SW development capabilities, IoT and digitising for the group as a whole. We get a strong foothold in Germany within R&D Services with further offices in Munich, Berlin and Stuttgart. Last, but not least, it gives us access to a strong customer portfolio in markets such as Automotive, Smart grid/Smart Home, Banking/Insurance, IoT and Industrial Automation” says Kenneth Ragnvaldsen, CEO of the Data Respons group.

“The acquisition strengthens Data Respons position significantly within the mega trends of digitalisation. Given Germany’s strong position as the largest economy in Europe and as an industrial forerunner, a strong foothold in the country is key to benefit from the digital revolution. We strongly believe that the acquisition of MicroDoc is a great step in the right direction for Data Respons”, says Narve Reiten, lead partner at Reiten & Co.

MicroDoc had a revenue of 12.5 MEUR in 2015 with an EBIT of 3.0 MEUR. It is agreed a cash consideration of 10.5 MEUR payable at closing with an additional amount depending on the company’s EBIT development in 2016, 2017 and 2018 (earn-out mechanism). The transaction is expected to close within the next 2 weeks.

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Acquisition Clondalkin Flexible Packaging Group

Egeria

Egeria, the Dutch based private equity firm has signed an agreement to acquire 100% of the shares of Clondalkin Flexible Packaging Group (“Clondalkin”) from an affiliate of Warburg Pincus. Completion of the transaction is expected to occur in Q4 2016. Clondalkin Flexible Packaging Group (“Clondalkin”) is a global flexible packaging manufacturer focused on delivering high quality innovative packaging solutions. Clondalkin comprises 11 manufacturing sites in The Netherlands, Germany, Switzerland, United Kingdom and USA supplying over 45 countries globally with a turnover of approximately €400 million.

Egeria has a proven track record in growing and developing international manufacturing businesses both organically and through acquisitions.  Paddy Mullaney, CEO of Clondalkin said “We are delighted to team up with Egeria for the next step of our development plan. Egeria’s experience in supporting businesses will further facilitate and strengthen Clondalkin’s continued development and expansion.”   Floris Waage, partner at Egeria, commented: “We are very excited to team up with Clondalkin. The company has a long history of delivering high value added products and putting its customers first. We are committed to supporting Clondalkin and are convinced it has attractive growth opportunities.”

Categories: News

NPM Capital buys together with Kramp management shares from Schouw

NPM Capital and the management of Kramp reached in consultation with Schouw shareholder agreement to acquire the 20% interest of the Danish investment company in Kramp. Kramp in 2013 merged with its rival Grene, at that time owned by Schouw & Co. After the merger, Schouw received a 20% stake in the combined company.

NPM Capital, which has a stake since 2010 Kramp, the largest technical wholesale for the agricultural sector in Europe has been very constructive cooperation with Schouw after the merger in 2013. Johan Terpstra, Investment Director at NPM Capital said in a note: “Kramp and Grene already formed a very good team. We have achieved after the merger of the two organizations together all the stops to the synergies we actually realize asked us when goal. With this step we underline that we want to stay a long time on board and to facilitate Kramp management in realizing its growth ambitions. “

Eddie Perdok CEO of Kramp shows to be pleased with the expansion of the interest in Kramp. “Kramp is a great company with an excellent market position in Europe. We have engaged and motivated employees and together we are working hard to get it back to do a little better every day. With this strengthening of our ownership position we underline the confidence in our organization and in our management and in our future. “

The transaction expected to close before the end of 2016.

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EQT Real Estate acquires Technologiepark – a modern and attractive grade A office park in Cologne, Germany

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  • EQT makes its first acquisition in German real estate – a 116,155 square metre office park located in close proximity to Cologne’s central business district for a purchase price of EUR 188 million
  • The park is acquired out of insolvency. EQT has identified a number of value-add strategies, with a focus on updating the physical structure of the buildings and to improve the tenant experience in the park, in order to re-gear leases
  • Ability to participate in a growing, tightly supplied Cologne office market, likely to experience substantial rental growth in the medium to near term

EQT is pleased to announce its debut investment into the German real estate market with the acquisition of this high-quality office park in western Cologne. Securing the deal has provided EQT with an opportunity to create value through hands on asset management and the injection of Capex/TI’s which will re-balance leases and maintain the quality of the assets. The transaction has placed EQT in prime position to take full advantage of the demand and supply imbalances across Cologne, driving occupancy and rent.

The acquisition comprises 7 different office buildings located within the park. Each building is accompanied with an element of parking, with a total of 2,863 spaces.

 

 

About EQT

EQT is a leading global private equity group headquartered in Stockholm, with approximately EUR 30 billion in raised capital. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 15 billion and approximately 100,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

Investment Advisor EQT Partners formed a real estate initiative in 2015, to identify investment opportunities in the real estate sector. The Real Estate team consists of 11 investment advisory professionals with vast experience in the European real estate sector.

For further information, please visit www.eqtpartners.com 

Categories: News