Allianz , EDF Invest and DIF to acquire 5% in Autostrade per l’Italia

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The Board of Directors of Atlantia, the listed global operator of motorway and airport infrastructure, has accepted a binding offer by Allianz, EDF Invest and DIF to acquire a 5 percent stake in Autostrade per l’Italia, the largest Italian toll road network. The transaction is subject to signing of final contracts over the next days and fulfilment of the conditions precedent therein.

Autostrade per l’Italia is the largest toll motorway concession asset in Europe representing more than 50 percent of Italy’s toll motorway network and 61 percent of kilometers travelled. Autostrade per l’Italia Group’s network of around 3,000 km stretches across 16 Italian regions comprising 21 toll motorways, covering essential transport links mainly in the Northern part of Italy around the major economic urban areas as well as the two principal north-south routes, the A1 Milan-Naples and the A14 Bologna-Taranto.

The consortium is comprised of long-term infrastructure investors Allianz Capital Partners on behalf of the Allianz Group (74%), EDF Invest (20%) and DIF (6%) and it will also have a call option on a further 2.5% interest in Autostrade per l’Italia.
“By investing in a prime core infrastructure in the European toll road sector we will further diversify our infrastructure portfolio across sectors and regions”, said Christian Fingerle, Chief Investment Officer, at Allianz Capital Partners. “We are very pleased to set up a new partnership amongst Allianz and Atlantia as leading international infrastructure operator and to work with them and other investors on the success of this company.”

EDF Invest’s Managing Director, Guillaume d’Engremont said: “ASPI stands out by the quality of its installations as well as its management. Besides, the network has potential for expansion through projects which are essential for the country. Our stake in ASPI will ideally complement our core infrastructure portfolio. We are very pleased to further strengthen our relationship with Atlantia, following our joint investment in Aéroports de la Côte d’Azur last year.”
Wim Blaasse, Managing Partner of DIF, said: ”DIF is very pleased to establish this long term relationship with Atlantia and to invest in this high quality and diversified operating toll road network, which is a very good complement to DIF’s infrastructure portfolio”.
The closing of the transaction is expected to occur by the end of July.
April 28, 2017

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Kinnevik acquires 18.5% in Com Hem

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Kinnevik

 

Kinnevik AB (publ) (“Kinnevik”) today announced that it has agreed to acquire 33.9 million shares, corresponding to an approximate 18.5% interest, in Com Hem Holding AB (publ) (“Com Hem”) from NorCell S.à r.l., the indirect investment holding company of funds advised by BC Partners LLP, for a cash consideration of SEK 110 per share, or SEK 3.7 billion in total.

Com Hem offers broadband, TV, play and telephony services to Swedish households and companies. With its powerful and future-proofed broadband network covering half of the country’s households, Com Hem is an important driver of creating a digital Sweden. Com Hem’s shares are listed on Nasdaq Stockholm under the ticker code COMH.

Kinnevik’s acting CEO, Joakim Andersson, commented:

“Com Hem has a strong market position in the Swedish broadband and TV market, and offers attractive growth and cash flow. The acquisition enables Kinnevik to take a leading position in an asset complementing our existing mobile and media companies.”

Closing is expected to occur on 4 May. The acquisition will be fully financed by cash at hand and existing credit facilities and capital market programs.

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HBM Healthcare Investments commits EUR 20 million in growth capital to Switzerland based Amicus SA

HBM Healthcare Investments today announced the closing of a new equity investment of EUR 20 million
in two tranches into the privately held and Switzerland based Amicus SA.
The financing willallow Amicus to accelerate the growth of its pharmaceutical business in Central and Eastern
Europe (CEE).
Amicus is a revenue generating company and was established by the former founders ofPharmaSwiss SA, in which HBM Healthcare Investments was a significant shareholder from 2007 until 2011 when the company was sold.
The company specializes in the distribution of pharmaceutical products, medical equipment and over the counter brands in countries where the originators decide notto maintain a direct presence. Leading healthcare companiessuch as Alcon,Bristol Myers Squibb, Cardinal Health, Expanscience, Grupo Ferrer, General Electric, Genexo, Pfizer, PharmaNutra and Salvat Biotech, amongst others, are represented by Amicus.
For further information, please contact Dr. Andreas Wicki on +41 41 710 75 77, or at
andreas.wicki@hbmhealthcare.com
Information on HBM Healthcare Investments Ltd
HBM Healthcare Investments invests in the healthcare sector. The Company holds and manages
an international portfolio of promising companies in the human medicine, biotechnology, medical
technology and diagnostics sectors and related areas. Many of these companies have their lead
products already available on the market or at an advanced stage of development. The portfolio
companies are closely tracked and actively guidedin their strategic direction. This is what makes HBM Healthcare Investments an interesting alternative to investments in big pharma and biotechnology companies. HBM Healthcare Investments has an international shareholder base and is listed on SIX Swiss Exchange (ticker: HBMN).

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IK Investment Partners to acquire Colisée

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IK Investment Partners (“IK”), a leading Pan-European private equity firm, is pleased to announce that the IK VIII Fund has reached an agreement with Eurazeo PME and the management team to acquire a majority stake in Colisée Group (“Colisée”), a leading player in the elderly care segment in France. The management team as well as the founder will reinvest alongside IK. Financial terms of the transaction are not disclosed and completion of the transaction is subject to regulatory approvals.

Colisée is a leading provider of nursing home and homecare services. With more than 90 nursing home facilities and 70 home care services agencies, the Group has developed a geographical footprint across France, Italy, Spain, and more recently in China. Colisée employs approximately 6,700 people and has a turnover exceeding 390 million euros.

”We are very pleased to welcome IK Investment Partners as our new majority shareholder. Supported by the founding family as well as our existing financing banks, we will pursue alongside IK our acquisition strategy through selective buy-and-build as well as the development of innovative services for the elderly people. Building on our 6,700 employees, we remain committed to implementing a responsible and respectful group providing best-in-class daily care to our residents, patients, homecare beneficiaries and their relatives”, said Christine Jeandel, CEO of Colisée.

”We have been very impressed by Colisée’s long and successful heritage within elderly care as well as its growth track record demonstrated over the past years. Led by an experienced management team, Colisée has been able to build solid market positions while having an uncompromising focus on quality. We are delighted to have the opportunity to support Colisée and its management team in their growth strategy both organic and through selected add-on acquisitions in France and across Europe”, added Dan Soudry, Partner at IK.

Parties involved

IK Investment Partners – Dan Soudry, Remi Buttiaux, Diki Korniloff, Vincent Elriz, Guillaume Veber

Buyer
Financial advisor: Sycomore (Olivier Barret, Tristan Dupont), Clearwater (Laurent Camilli, Nicolas Saint-Pierre)

Seller
Financial advisor: Lazard (Isabelle Xoual, Francois Guichot-Perere)
Strategic DD: Roland Berger (Patrick Biecheler, Julien Gautier, Nick Hwang)
Financial DD: PwC (Martin Naquet-Radiguet, Sofia Bennis)
Legal advisor: Goodwin (Maxence Bloch, Pierre-Louis Sevegrand, Simon Sevran-Schreiber, Rémi Pages, Marie-Laure Bruneel, Frederic Guilloux)
Financing banks: BOI (Olivier Meary, Maxime Alban), CACIB (Thibery Gleizes, Francois de Montlivault), CIC (Brice Bourrely, Valerie Benquet, Arnaud Lecaudey), ING (Gregoire Villiaume, Bastien Lefevre)
Legal advisors Bank: Latham & Watkins (Xavier Farde)

For further questions, please contact:

Colisée
Agnès Gilbert
Phone: +33 1 70 38 25 54
a.gilbert@eudoxie-pr.com

IK Investment Partners
Dan Soudry, Partner
Phone: +33 1 44 43 06 60

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

About Colisée
Colisée is a key player in the global health care and old-age dependency sector, and has developed a real expertise in elderly people care and well-being. Its network includes 90 facilities in France, Italy and Spain and close to 70 home-based services agencies in France. In those two business segments, Colisée employs more than 6,700 people. For more information, please visit www.groupecolisee.com

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 has raised more than €9 billion of capital and invested in over 100 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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Capio acquires a Swedish eye specialist clinic Globen Ögonklinik in Stockholm

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Capio has signed an agreement to acquire 100% of the shares in Globen Ögonklinik (PanSyn Sweden AB, including subsidiaries) (“Globen”). The clinic is specialized in ophthalmology and offers complex eye treatments, including cataract surgery, RLE (Refractive Lens Exchange) and refractive laser treatments. Net sales in 2016 were MSEK 75.

Globen provides ophthalmology treatments at two locations in the southern part of Stockholm and performs annually about 36,000 consultations and 4,600 surgeries. The clinic serves both public and private pay patients, with its main focus being on supporting the public healthcare system (about 80% of net sales are publicly financed). The acquisition follows the acquisition of Scanloc (Sweden) in August 2016 and Capio’s recent acquisition of Augenklinik Universitätsallee (Germany), and further strengthens Capio’s healthcare offering within ophthalmology and expands the Group’s footprint in the Nordics.

Globen will be included in Capio Medocular, which is part of the business area Capio Specialist Clinics. Capio Medocular was founded in 1986 and is today one of the largest private companies within ophthalmology treatments in the Nordics, specialized in general eye care, cataract surgery and treatment of sight disorders.

Enterprise value is MSEK 75 and the acquisition, which is subject to approval by the county council (SLL), is expected to be closed and included in Capio from May 31, 2017. The acquisition is not expected to significantly impact the Group’s earnings in 2017.

For information, please contact:

Olof Bengtsson, CFO
Telephone: +46 761 18 74 69

Kristina Ekeblad, IR manager
Telephone: +46 708 31 19 40

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IK Investment Partners opens Amsterdam office

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IK Investment Partners opens Amsterdam office

IK Investment Partners (“IK”), a leading Pan-European private equity firm, announces today that it has opened an office in Amsterdam at UNStudio, 13th floor, Gustav Mahlerlaan 350, 1082 ME Amsterdam.

The Amsterdam office will be led by Partner and Head of Benelux, Remko Hilhorst who has been with IK since 2001. In addition to the existing mid cap team, consisting of a total of six investment professionals, IK is extending its small cap strategy and establishing a Benelux-dedicated team. Together, the two Amsterdam-based teams will focus on investments with enterprise values of up to €500m, partnering with entrepreneurs who are looking for support to help them achieve the next stage of their company’s growth and development.

IK has been present in the Benelux region since 1995 and has completed thirteen successful investments during this time. IK’s current portfolio includes four companies in the Benelux region including CID LINES, the dedicated supplier of innovative hygiene solutions, Salad Signature, the leading producer of spreadable salads, Ampelmann, the global market leader in offshore access and DGI, a leading supplier of power, motion and control solution for the oil & gas, maritime and high-end machine building industries. Having an office and teams located in the region will allow IK to better help companies to achieve their growth plans.

To date, over €1bn has been invested into the Benelux region through IK’s funds. In recent years, IK has been one of the most active regional players with notable transactions including Vemedia, the market leader of OTC drugs which was sold to Cooper last year, Wehkamp, one of Holland’s leading online retailers, Magotteaux, the leading manufacturer of cast wear parts for cement and mining industries and fund administrator Vistra, amongst many others.

Remko Hilhorst, Partner and Head of Benelux at IK Investment Partners said:
“We are excited to announce the opening of our Amsterdam office. Ever since IK’s inception in 1989, we identified the Benelux as a unique region fertile with investment opportunities thanks to the number of entrepreneurs and family-owned businesses which operate here. We are particularly pleased to have both a mid cap and small cap practice operating on the ground, allowing the firm to capitalise on the synergies which are present in the market and giving the teams a superb investing platform from which to execute transactions.”

Christopher Masek, Partner and CEO at IK Investment Partners said:
“Our strategy remains focused on partnering with ambitious management teams and growth businesses, and helping them realising their full potential. Given the success IK has seen with its investments in the Benelux over the years, we look forward to further building on our track record and supporting the local business community.”

For further questions, please contact:

IK Investment Partners
Remko Hilhorst, Partner
Phone: +44 207 304 4300

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

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 has raised more than €9 billion of capital and invested in over 100 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 http://www.ikinvest.com

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GBL pursues its portfolio diversification with the acquisition of 15.0% of Parques Reunidos in Spain

Groupe Bruxelles Lambert («GBL») announces that it has reached an agreement with Arle Capital Partners
(«Arle») to acquire, through a wholly-owned subsidiary, a 15.0% interest in the capital of Parques
Reunidos Servicios Centrales, S.A.
(«Parques»), representing an investment of EUR 208 million for GBL.
Parques is a leading global operator of leisure parks across Europe, North America and Asia.
Listed on the Madrid stock exchange, Parques generated EUR 584 million of revenues in 2016.
.
Welcoming this investment, GBL’s co-CEOs Ian Gallienne and Gérard Lamarche stated: “We are pleased to become a significant shareholder of Parques. The company’s long-term growth potential fits well with our Incubator strategy and its geographical exposure will complement our existing portfolio as Parques is GBL’s first Incubator investment in Spain.”
The transaction isexpected to settle around April 20th and is not subject to any regulatory or other third
party approvals. The acquisition will be financed using part of GBL’s existing cash.
***
GBL is a holding company which has been listed since 1956 and whose shares a
re admitted to trading on the regulated market of Euronext Brussels. GBL’s primary objective is to create value for its shareholders. GBL aims at building a portfolio of investments focusing on a small number of industrial and services companies that are leaders in their markets, in which it can play its role as a long-term professional shareholder.
The portfolio is intended to evolve over time as companies mature and market opportunities arise.
GBL invests and divests according to its objectives of value creation while maintaining a solid financial structure.

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New Access Banking Software acquires the Ambit Private Banking business

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New Access Banking Software, a global provider of critical front-office software solutions to the private banking industry, announced today the acquisition of the Ambit Private Banking business from FIS™. The Ambit Private Banking business, provides a comprehensive suite of software solutions, including Apsys and CIM, designed to help Swiss and international private banks to build a strong competitive advantage. The solution suite includes core banking, client management, analysis and control, market management, fund accounting and alternative investments solutions.

This transaction will create significant commercial synergies between New Access and Ambit Private Banking solutions. It will also allow the group to further invest in R&D to develop software solutions adapted to the private banking market shaped by disruptive technologies, and tightening regulatory requirements. “New Access’ solutions are aimed at turning these challenges into opportunities, and getting tangible benefits for their customers”, said Vitus Rotzer, General Manager of the Ambit Private Banking business, who becomes Managing Director responsible for business development of the combined group. “We are confident the addition of the Ambit Private Banking solution will benefit customers of both businesses through an enriched product and services offering, while bringing a comprehensive, integrated solution to the private banking market.”

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Exxelia refinances its debt structure

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Exxelia refinances its debt structure

Exxelia, the world leading manufacturer of high-performance complex passive components and subsystems focusing on highly demanding end-markets such as civil aeronautics, space and defence, has refinanced and simplified its debt structure.

The former structure, which comprised both senior debt as well as a mezzanine debt financing, was enforced in March 2014 before the acquisition by IK Investment Partners, has been replaced at the same leverage by the issuance of a new senior tranche of 160 million euros. The debt has been arranged by a club of European blue chip banks and financial institutions: CM-CIC, HSBC and Société Générale acted as Global Coordinators, while Bank of Ireland, BNP Paribas, Crédit du Nord, Idinvest, ING, KBC, LCL, SCOR and Siemens Bank also participated in the new financing.

Led by a new management team, Exxelia demonstrated a solid financial performance, on the back of growing underlying markets. The French group will benefit from an attractive financing structure with improved terms and a simplified documentation.

Exxelia has completed three add-on acquisitions since 2015, whereof two in the US, and its new flexible financial structure, which is compatible with its build-up strategy, will allow the group to move forward on its growth trajectory.

Exxelia was advised by Canaccord Genuity, 8Advisory, Advention and White & Case throughout the debt refinancing process.

For any questions, please contact:

Exxelia
Natacha Vidovic
Executive assistant to the CEO
Phone : +33 1 49 23 10 64

IK Investment Partners
Mikaela Hedborg
Director Communications & ESG Phone : +44 77 87 573 566

About Exxelia
For over 50 years, Exxelia has been focusing its business on the design and manufacture of innovative electronic and electromechanical solutions, with sales of 145 million euros in 2016 and production sites based in France, Morocco, USA and Vietnam. The group offers a large range of high-performance passive components (capacitors, filters, precision mechanics, and wound magnetic components), engineered to withstand the harshest environments in the space, aeronautics, defence, transportation, medical, energy, and telecommunications sectors. Exxelia also offers innovative precision subsystems such as position sensor, slip rings and precision mechanics to the same market segments. The durability and reliability of Exxelia’s products have established the company as an international leader. To learn more, visit www.exxelia.com

About IK Investment Partners
IK Investment Partner is a pan-European private equity firm investing across Northern Europe, the DACH region (Germany, Austria, and Switzerland), France and Benelux. Since 1989, IK has raised over 9 billion euros in capital and invested in over 100 companies in Europe. IK invests alongside management teams in mid-size companies benefitting from strong growth potential and operating in four core sectors: services, care, industrial goods and consumer goods. To learn more, visit www.ikinvest.com

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Broodstock Capital becomes majority owner in Billund Aquaculture A/S

Seafood investor Broodstock Capital invests in international recirculation system player Billund
Aquakulturservice A/S (“Billund Aquaculture”) to become majority shareholder with 51 percent
ownership share. Billund Aquaculture Chile S.A (“Billund Chile”) will be part of the new group.
The purchase price is undisclosed. Billund Aquaculture has 30 years’ experience in design, installations,
operations and service of intensive land based “Recirculation Aquaculture Systems” , also known as “RAS”. The company has so far delivered more than 120 recirculated systems in 26 countries worldwide, providing
intensive production facilities for more than 25 different cold and warm ,
fresh and saltwater fish species.
“Billund Aquaculture has built up an impressive position in the growing RAS market. The company has
a highly diversified order backlog and client list for its recirculation systems. We want to build on
the company’s impressive heritage through a partnership approach with the current owners, as we believe
this will be most beneficial for the company’s clients,” says Simen Bjørnstad, partner in Broodstock
Capital, which is a pure play seafood investor focusing on small and medium sized companies.
The current majority shareholder of Billund Aquaculture, Stensgaard Holding A/S, will retain a 49
percent ownership share in the company.
Christian Sørensen will continue in his current role as executive chairman.
Managing director Bjarne Hald Olsen will also remain in his role in Billund Aquaculture as well as Managing director Marcelo Varela will remain in his role in Billund Chile.
Members from Broodstock Capital will strengthen the company’s board of directors.
“Our investment in the company is in line with our strategy to grow businesses by co-operating with current owners and management teams in the ongoing industrialization of the sector. We have a clear objective of growing the business, which in turn will create more jobs,” says Kjetil Haga, partner in Broodstock Capital.
Billund Aquaculture is headquartered in Billund in Denmark.
Billund Chile is located in Puerto Montt, Chile. The group currently employs approximately120 people and has combined revenues of more than DKK 180 million.Executive chairman Christian Sørensen says that Broodstock Capital’s approach feels like an ideal match for him and his colleagues.
Our clients request larger and more sophisticated RAS systems which requires increased financial solidity and flexibility. Broodstock will provide us with capital required to give our clients exactly what they need.
They are financial investors with a long term industrial perspective and sector specific expertise which will be of huge benefit to our business. I look forward to the next chapter in our company’s history,” says Christian Sørensen, executive chairman of Billund Aquaculture.

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