EQT’s first US-dedicated fund closes at USD 726 million

EQT’s Mid Market US fund closes with commitments of USD 726 million
A growth buyout investment strategy involving transformation of good companies, within the US middle-market segment, into stronger, more sustainable businesses
EQT firmly established in the US with three investment strategies – Infrastructure, Equity and Mid Market

EQT today announces that its first US-dedicated fund, EQT Mid Market US, has been closed with commitments of USD 726 million. The closing date was September 30, 2016.

The EQT Mid Market US fund applies a growth buyout investment strategy which involves developing and transforming good companies into stronger, more sustainable businesses. The fund will make control and co-control investments in high-quality companies operating in sectors with strong underlying growth trends. The fund will also leverage EQT’s network of over 250 Industrial Advisors and apply the firm’s proven governance model and alignment principles to help support portfolio company growth.

Two acquisitions have already been made in the US by the fund; FocusVision (global leader in technology-enabled services in the marketing research and intelligence market) and XP Solutions (world leading provider of industry standard sustainable drainage and flood hazard software for the civil engineering and environmental sectors). The fund continues to experience a rich and robust deal flow and pipeline.

The fund is backed by notable, blue-chip investors in North America and Europe including pension funds, insurance companies and fund-of-funds, among other institutions.

The fund closing grows EQT’s footprint in the US with investment advisory teams across three investment strategies – Infrastructure (which was the first EQT strategy in the US, established in 2008), Equity and Mid Market. The Mid Market US investment advisory team comprises 10 professionals, including Matthew Levine and Brendan Scollans as local US Partners. The team is dedicated to the investment strategy and based in New York, with both local and global experience of middle market transactions across sectors.

“The closing of a US-dedicated fund is a milestone in the overall expansion of EQT, being an integrated alternative investment firm with multiple investment strategies globally. We believe EQT’s value-add industrial approach, clear corporate governance model and global platform is distinctive in the US middle market and we believe EQT offers mid market businesses more than traditional private equity firms can offer,” says Jan Ståhlberg, Head of Mid Market US and Deputy Managing Partner at EQT Partners, Investment Advisor to the EQT Mid Market US fund.

The fundraising for the EQT Mid Market fund has now closed. Accordingly, the foregoing should in no way be treated as any form of offer or solicitation to subscribe for or make any commitments for or in respect of any securities or other interests or to engage in any other transaction.

Contacts:
Jan Ståhlberg, Head of Mid Market US and Partner at EQT Partners, Investment Advisor to the EQT Mid Market fund, + 1 917 281 0849
Kerstin Danasten, EQT Press Contact, +46 8 506 55 334

About EQT
EQT is a leading global private equity group 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.

About EQT Mid Market US
EQT Mid Market US is a USD 726 million fund which will target control and co-control equity investments in companies with strong market positions, significant potential for revenue and earnings growth, strong cash flows and a solid platform that can retain and attract high-quality management. EQT Mid Market US will seek to make equity investments typically ranging between USD 35 million and USD 140 million. The geographical focus will be North America and within the following six sectors – Industrials, Consumer Goods & Retail, Services, TMT, Energy & Environment, and Healthcare.

More info: www.eqtpartners.com

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Ratos Nomination Committee and 2017 AGM

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Ratos’s Annual General Meeting (AGM) will be held on 6 April 2017 at Skandiascenen, Cirkus, in Stockholm, Sweden.

In accordance with the policy for appointing the Nomination Committee adopted at Ratos’s AGM on 14 April 2016, it is hereby announced that the company’s major owners/owner constellations have appointed a Nomination Committee with the Chairman of the Board Jonas Wiström as the convener.

The Nomination Committee comprises the following individuals:

Jan Andersson, requested to continue to serve as Chairman of the Nomination Committee by Ratos’s principal owners and a number of Swedish institutional owners
Ulf Fahlgren, nominated by Akademiinvest
Jan Söderberg, nominated by the Ragnar Söderberg Foundation and representing his own and related parties’ holdings
Maria Söderberg, nominated by the Torsten Söderberg Foundation
Per-Olof Söderberg, representing his own and related parties’ holdings
Jonas Wiström, Chairman of Ratos’s Board

In accordance with an AGM resolution, the Nomination Committee shall evaluate the composition and work of the Board of Directors and draft proposals for the 2017 AGM regarding:

election of the Board of Directors and Chairman of the Board
election of Auditor (in corporation with the Audit Committee)
remuneration to Board members and auditors
election of Chairman of the AGM
where necessary, changes to principles for composition of the next Nomination Committee

Shareholders who wish to submit proposals to the Nomination Committee may send an e-mail to yvonne.carpenter.elveljung@ratos.se (subject line “To the Nomination Committee”) or a letter to Ratos Nomination Committee, Yvonne Carpenter Elveljung, Ratos AB, Box 1661, SE-111 96 Stockholm, Sweden, not later than 9 February 2017.

Shareholders who wish to submit a proposal for consideration at the AGM should send such a proposal to the Chairman of the Board (at the above address) not later than 16 February 2017 in order for the proposal to be included in the notice of the meeting.

For further information, please contact:
Jan Andersson, Chairman of the Nomination Committee, +46 76 139 55 00
Jonas Wiström, Chairman of the Board of Ratos, +46 8 700 17 20
– See more at: http://www.ratos.se/en/Press/Press-releases/2016/Ratos-Nomination-Committee-and-2017-AGM/#sthash.K7x43Zwn.dpuf

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DIF and EDF Invest complete Thyssengas acquisition

DIF

Frankfurt, 5 October 2016 – DIF Infrastructure IV and EDF Invest, as equal shareholders in a consortium, are pleased to announce that they have closed the acquisition of 100% of Thyssengas, a German gas transportation network, from Macquarie-managed vehicles.

Thyssengas owns 4,200km of gas transportation pipelines serving industrial and municipal clients in North-Rhine-Westphalia. The company has a long standing history in the region, employs over 250 people, and realizes its allowed revenues largely under the regulation of the German Federal Network Agency (Bundesnetzagentur).

As long term infrastructure investors, DIF and EDF Invest aim to maintain the operational excellence of Thyssengas’ network, one of the leading transmission system operators in Germany.

The transaction was partially funded by an acquisition loan provided by ING, RBC and SEB. The EUR 320m note provided by Allianz will remain in place after closing.

Royal Bank of Canada (financial advisor), Clifford Chance (legal), PwC (regulatory, tax, model audit, financial), Poyry (technical and commercial) and Willis (insurance) advised the sponsors while the lenders were advised by Herbert Smith Freehills.

About DIF

DIF is an independent and specialist infrastructure fund management company, managing funds of approximately €3.3 billion. DIF invests in infrastructure assets that generate long term stable cash flows, including PPP / PFI / P3, renewable energy assets and other core infrastructure assets in Europe, North America and Australia.

DIF has offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid, Toronto and Sydney.

For more information, please contact:

Paul Nash, Partner
Email: p.nash@dif.eu

Allard Ruijs, Partner
Email: a.ruijs@dif.eu

About EDF Invest

Created in July 2013, EDF Invest is the unlisted investment arm of EDF’s Dedicated Assets, the asset portfolio which covers its long-term nuclear decommissioning commitments in France. EDF Invest targets three asset classes: Infrastructure, Real Estate and Private Equity. Its Infrastructure portfolio includes in particular a 50% stake in RTE (the French electricity transmission company) as well as significant stakes in TIGF (the gas transport and storage company operating in the South-West of France), Porterbrook (one of the three main rolling stock companies (ROSCOs) in the UK), Madrileña Red de Gas (the operator of the main gas distribution network in the region of Madrid) and Géosel (a French underground hydrocarbons storage facility).

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IK Investment Partners to invest in APOSAN

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IK Investment Partners (“IK”) is pleased to announce that the IK Small Cap I Fund has reached an agreement to acquire APOSAN Dr. Künzer GmbH (“APOSAN” or “the Company”), a leading pharmaceutical homecare company in Germany. Financial terms of the transaction are not disclosed.

APOSAN was founded in 1991 by Dr. Clemens Künzer, with the purpose to service homecare patients through the compounding of individualised infusible and injectable medication. Since then, the company has evolved to an integrated full-range pharmaceutical homecare supplier with its own manufacturing capacities and a dedicated key account management and homecare nurses team to generate and support its growing nationwide patient base. The APOSAN group of companies is organised in three main business segments: pharmaceutical homecare, providing services to patients that require long-term infusion to diseases; classical homecare, providing standard enteral nutrition solutions as well as selected standard medical devices; and ophthalmic injectables. Founder Dr. Clemens Künzer will retain a substantial shareholding in the Company. The broad and experienced management team led going forward by Rainer Schmitz as CEO, Michael Schmitz as CSO and Claudia Vitiello as COO will also become shareholders and invest alongside Dr. Künzer and IK. APOSAN is headquartered in Cologne, Germany, and serves over 10,000 patients per year.

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American Securities to acquire Chromaflo Technologies from Arsenal Capital Partners and Nordic Capital

Nordic Capital Logo

American Securities LLC, Arsenal Capital Partners, and Nordic Capital Fund VI today announced that American Securities has partnered with management and signed a definitive agreement to acquire Chromaflo Technologies Corp. (“Chromaflo” or the “Company”), a leading producer of proprietary, high-performance colorants and chemical dispersions, from Arsenal Capital Partners and Nordic Capital. The transaction is expected to close in November 2016 and is subject to customary closing conditions and regulatory approvals. Financial terms of the transaction were not disclosed.

Headquartered in Ashtabula, Ohio, Chromaflo is a leading independent global supplier of colorant systems, chemical and pigment dispersions. With more than eight decades of industry experience in colorant systems and chemical pigment dispersions, the Company’s family of brands includes more than 200 product lines and 7,000 products, serving customers across six continents.

Scott Becker, President and CEO of Chromaflo, said, “We look forward to partnering with American Securities. They are ideally positioned to support our next phase of growth and development as we look to expand our product offerings, geographies, and market reach. American Securities has significant experience in the specialty chemical sector and a broad and experienced team, which will aid in our expansion. We look forward to working with them as we continue to focus on providing highly technical colorant and chemical solutions to our customers and markets.”

Scott M. Wolff, a Managing Director of American Securities, commented, “We believe that Chromaflo’s commitment to product innovation, combined with its experienced and customer-focused management team, positions the Company for continued growth. We look forward to bringing our resources to bear to support Scott Becker and the rest of Chromaflo’s management team toward continued success.”

John Televantos, a Partner who co-heads Arsenal’s Specialty Industrials practice, said, “Through its organic growth and strategic acquisitions, Chromaflo has become the leading global innovator and supplier of colorants and chemical dispersions with broad technologies serving the coatings and thermoset plastics markets.”

Robert Furuhjelm, Partner, NC Advisory Oy, advisor to the Nordic Capital Funds, added, “Nordic Capital Fund VI is proud of the transformation of Chromaflo into a leading global player and has been very pleased with the partnership with Scott Becker and his management team for executing the Company’s growth and acquisition strategy.”

About Chromaflo Technologies
Chromaflo Technologies is a leading independent global supplier of colorant systems, chemical and pigment dispersions, serving customers in architectural and industrial coatings as well as the thermoset composites market. Headquartered in Ashtabula, Ohio, U.S., Chromaflo has production facilities in the U.S., Canada, The Netherlands, Finland, Australia, China and South Africa. Sales and technical support is also provided throughout North and South America, Europe, Australia, China, India and Southeast Asia. Commitment to excellence is driven by three core values: quality, speed and service.
Discover more at www.chromaflo.com.

About American Securities LLC
Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200
million to $2 billion and/or $50 million to $200 million of EBITDA. American Securities and its affiliates have approximately $15 billion under management.
www.american-securities.com

About Arsenal Capital Partners
Arsenal Capital Partners is a leading New York-based private equity firm that invests in middle market specialty industrial and healthcare companies. Arsenal makes investments in sectors where the firm has significant prior knowledge and experience. Arsenal targets businesses that have the potential for further value creation, and works closely with management to accelerate growth by leveraging the firm’s industry focus and operational improvement capabilities. Arsenal currently manages $2.9 billion of committed equity capital. For additional information on Arsenal Capital Partners, please visit www.arsenalcapital.com.

About 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. Nordic Capital currently has EUR 10.5 bn in assets under management. The most recent fund is Nordic Capital Fund VIII with EUR 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.

Contact Information

For Chromaflo Technologies, please contact:
Scott Becker
President and Chief Executive Officer
+1-440-536-9696
sbecker@chromaflo.com

For American Securities, please contact:
Amy Harsch
+1-212-476-8071
aharsch@american-securities.com

For Arsenal Capital Partners, please contact:
Chris Tofalli
Chris Tofalli Public Relations, LLC
+1-914-834-4334
chris@tofallipr.com

For Nordic Capital, please contact:
Katarina Janerud, Communication Manager
NC Advisory AB, advisor to the Nordic Capital Funds
+46 8 440 50 50
katarina.janerud@nordiccapital.com

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Gimv invests in Acceo’s further growth alongside management

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GIMV

04-10-2016 07:30

Gimv acquires a c. 60% stake in Acceo next to founder/CEO Stéphane Doré and management. Acceo is an independent French provider of inspection and certification services for buildings, with a focus on areas requiring specialist expertise such as elevator inspections, regulated accessibility audits and energy efficiency audits. Over the coming years, Acceo will be focusing on further profitable growth in France, penetrating new geographical markets and expanding into new business lines.

Founded in 2003, Acceo (www.acceo.eu) is an independent player active in elevator inspection and monitoring services, regulated accessibility audits and energy efficiency audits. The group also has a center of excellence for vertical transportation providing advice for elevator design in new and existing buildings. Its clients are property owners in the commercial or administrative sector (e.g. Unibail Rodamco, BNP, Allianz, EDF, Casino), municipalities or regional authorities, schools and universities, hospitals, social sector organizations, as well as property managers (e.g. Foncia, Citya, Nexity, Square Habitat). Headquartered in Gémenos near Marseille, Acceo operates a commercial network of 17 independently-managed agencies in France, Belgium and Spain. Over the years, the company was able to grow its revenues to EUR 18.4 million in 2015, driven by increasing regulatory requirements for buildings in the areas of safety, accessibility and sustainability. The ambition is to double the company’s size over five years by (i) strengthening its position in France, (ii) further geographical expansion, initially in Belgium and Spain, and (iii) expanding into adjacent services.

Gimv takes a c. 60% stake in the company by acquiring shares previously owned by Ekkio Capital (40%) and by providing partial liquidity to the founder and management.

Thomas Dewever, Partner in Gimv’s Sustainable Cities platform: “Property owners and managers are increasingly confronted with complex technical and administrative requirements to comply with safety and sustainability regulations. Acceo offers independent advice and specialist expertise to deal with these obligations and shoulder the burden for the customers. The company’s professionalism and proximity to its customers has resulted in strong customer loyalty and impressive growth. We are very happy to partner with an ambitious and entrepreneurial management team to build on this track record and continue Acceo’s growth in France and adjacent markets.”

Stéphane Doré, CEO and Founder of Acceo: “We are very happy to have Gimv on board as a partner for this new phase in our development. We have ambitious plans to continue to grow our business in France and abroad. Gimv’s track record as a growth investor together with its European dimension will help us achieve these ambitions over the coming years.”

Categories: News

CapMan appoints a Real Estate Investment Director in Denmark

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CapMan strengthens its Nordic Real Estate team by appointing Peter Gill as Investment Director starting from 1 October 2016. Peter will work from CapMan’s Copenhagen office and will reinforce the real estate transaction capabilities of the team in Denmark.

Peter brings 12 years of experience from advising on and conducting real estate transactions. He joins CapMan from PwC, the multinational professional services network, where he was Director for real estate operations and responsible for transaction services and buy and sell-side mandates. Prior to that he worked for GVA Nybolig Erhverv, a Danish commercial property agent, where he was responsible for international investments.

“We are very pleased to welcome Peter at CapMan and to strengthen our presence in Denmark further. His strong background in real estate transactions on an international scale will support our Nordic focus and value-added approach. He will be an excellent addition to our team,” says Torsten Bjerregaard, Senior Partner at CapMan Real Estate.

For additional information, please contact:
Torsten Bjerregaard, Senior Partner, CapMan Real Estate, tel. +44 7715 772 554
Mika Matikainen, Senior Partner, Head of CapMan Real Estate, tel. +358 40 519 0707

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CapMan Real Estate sells landmark ‘if’ office building in Northern Stockholm

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CapMan Nordic Real Estate fund has agreed to sell Bergshamra Bro in Solna, Northern Stockholm, to Solnaberg Property AB (publ), a company established by Catella. The price is SEK 858 million.

Bergshamra Bro is a 31,325 square-meter office building in a highly visible location spanning over and alongside the E18 road in Stockholm. The property consists of four interconnecting office buildings and its main tenant is ‘if’ P&C insurance.

“We are very happy to have reached our objective of introducing new long term tenants to the property alongside ‘if’ in order to create full occupancy and a more institutional product. In addition, we are retaining a large piece of land with surface parking on which we are currently working on changing the zoning plan to develop some building rights,” comments Ed Williams, Senior Partner at CapMan Real Estate.

“The strong demand from both private and institutional investors and attractive financing received by the buyer Solnaberg Property AB (publ) underlines CapMan’s very impressive development of the property into a more core product” says Martin Malhotra, the responsible Project Manager at Catella.

CapMan Nordic Real Estate fund invested in Bergshamra Bro in 2014 and this transaction is the fifth exit of the 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.

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