IK Investment Partners to enter into negotiations for the acquisition of Bretèche Industrie

IK Investment Partners to enter into negotiations for the acquisition of Bretèche Industrie

IK Investment Partners (“IK”), a leading Pan-European private equity firm, is pleased to announce that the IK VIII Fund (“the Fund”) has entered into exclusive negotiations with Equistone and the management team to acquire a majority stake in Bretèche Industrie Group (“Bretèche” or “the Group”), a global leading manufacturer of industrial equipment for the production of food, pharmaceutical, and cosmetic products. The management team will reinvest alongside the Fund. Financial terms of the transaction are not disclosed and the completion of the transaction is subject to regulatory approvals.

Bretèche consists of six leading companies within their respective markets, designing, engineering manufacturing, and installing equipment for food, cosmetics and pharmaceutical production lines. The Group employs nearly 1,000 people and generated a turnover of approximately 220 million euros in 2016.

“We are very pleased to welcome the Fund, advised by IK Investment Partners, as our new majority shareholder. Together we will continue to pursue our strategy of technological innovation, commercial development, and selective acquisitions,” said Didier Soumet, CEO of Bretèche.

Arnaud Thomas, Partner at Equistone Partners Europe, said: “We are proud of our active support for the teams at Bretèche, both to develop original business lines and to pursue its international external growth strategy, particularly with the acquisition last summer of Shick the field of dosing equipment in the United States.”

“Bretèche possesses all the characteristics we look for in an investment: a leading market position, a proven track record of commercial success, and an experienced management team. We aim to actively support the management team in their strategy of international growth and innovation, while simultaneously pursuing targeted acquisition opportunities,” added Rémi Buttiaux, Partner at IK and advisor to the IK VIII Fund.

Parties involved

IK Investment Partners: Rémi Buttiaux, Dan Soudry, Vincent Elriz, Guillaume Veber, Mirko Jablonsky, Alexander Dokters, Daniel-Vito Günther
Buyer Financial advisor: BNP Paribas (Marc Walbaum, Sylvina Mayer)
Buyer Strategic DD: LEK (Serge Hovsepian, Maxime Julian)
Buyer Financial DD: Ernst & Young (Laurent Majubert, Eric Roussel)
Buyer Legal advisor: Willkie Farr & Gallagher LLP (Eduardo Fernandez, Grégory de Saxcé, Paul Lombard)

Equistone Partners Europe: Guillaume Jacqueau, Arnaurd Thomas, Grégoire Schlumberger
Seller Financial Advisor: Lazard (Nicolas Constant, Jean-Philippe Bescond, François Guichot-Pérère)
Seller Strategic DD: Arthur D. Little (Vincent Bamberger)
Seller Financial DD: Eight Advisory (Stéphane Vanbergue)
Seller Environment advisor: ERM (Julie de Valence)
Seller Legal advisor: Paul Hastings (Olivier Deren, Sébastien Crepy)

For further questions, please contact:

Bretèche
Didier Soumet, CEO
Phone: +33 2 40 73 70 73

IK Investment Partners
Rémi Buttiaux, Partner
Phone: +33 1 44 43 06 60

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

Equistone
Marie Le Goff Plichon
Kablé Communication
Phone: +33 7 87 96 12 74
marie.legoff@kable-communication.com

About Bretèche
Bretèche is a global leader in the supply of industrial equipment for the production of food, pharmaceutical, and cosmetics. The group consists of leading companies in their respective markets, designing, engineering, manufacturing, and installing equipment for both industrial and traditional production. Through its various subsidiaries, the group employs approximately 1,000 people. For more information, visit www.breteche.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

About Equistone
Equistone is an independent investment firm wholly-owned and managed by its executives. The company is one of Europe’s leading investors in mid-market buyouts with a strong, consistent track record spanning over 30 years, with more than 350 transactions completed in this period. Equistone has a strong focus on change of ownership deals and aims to invest between €25m and €125m of equity in businesses with enterprise values of between €50m and €300m. The company has a team of 37 investment professionals operating across France, Germany, Switzerland and the UK, investing as a strategic partner alongside management teams. Equistone is currently investing its fifth buyout fund, which held a final closing at its €2bn hardcap in April 2015. Equistone is authorised and regulated by the Financial Conduct Authority. www.equistonepe.com

 

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Partners Group to acquire Civica, a leading UK-based provider of software and services

Partners Group to acquire Civica, a leading UK-based provider of software and services

Partners Group, the global private markets investment manager, has agreed to acquire Civica (“the Company”), a leading UK-based provider of specialist software, digital solutions and outsourcing services, on behalf of its clients. The Company is being acquired from OMERS Private Equity, the private equity arm of OMERS, the pension plan for municipal employees in Ontario, Canada, in a transaction that gives the business an enterprise value of just over GBP 1 billion.

Founded in 2002 and headquartered in London, Civica provides business-critical software and technology-based outsourcing services to both public sector organizations and to commercial organizations in highly regulated sectors. The Company has a highly diversified customer base, including local and central governments, healthcare providers, housing associations, schools, and police and fire services, serving 2,000 major customers in ten countries. Its software and services support functions ranging from financial management and tax & benefits processing to medical records management and are used by over two million professionals every day, streamlining the services provided to 100 million people and businesses. Civica employs approximately 3,700 employees and has established offices in the UK and Ireland, Australia, Singapore, India and North America.

Following the acquisition, Partners Group will work with Civica’s management team, led by Founder and Executive Chairman Simon Downing and CEO Wayne Story, to expand the Company both organically and through select acquisitions, with a particular focus on accelerating Civica’s growth in existing international hubs such as Australia and Singapore.

Simon Downing, Chairman of Civica, states: “We are very happy to join forces with Partners Group, which shares the same purpose and mission as we do at Civica: to put our clients at the center of what we do and to be a highly reliable and value-adding partner for the long term. We are also excited to continue to substantially invest in our leading software platform and to help our clients to prosper in times of change.”

Wayne Story, CEO of Civica, adds: “We are pleased to welcome Partners Group as our new owner and look forward to building further on the strong momentum we have experienced over the last few years. Civica’s solutions are mission-critical to key public organizations and commercial firms in regulated markets, helping our customers to automate processes and raise service standards, while keeping costs under control. Partners Group brings highly relevant experience and relationships to help us build our business further in the UK as well as continuing to expand internationally.”

Bilge Ogut, Managing Director, Private Equity Europe, Partners Group, comments: “We have been impressed by Civica’s track record of long-term growth. We see our investment as an opportunity to back a high-quality market leader in a sector with evolving customer needs and the potential to gain scale through select acquisitions. Local and regional governments everywhere are digitalizing their processes in order to offer more cost-effective and user-friendly services to the public and Civica has the necessary expertise in supporting digitalization and efficiency gains in the public sector. We are excited to work with Civica under Simon and Wayne’s leadership and to continue to grow the business.”

 

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EURAZEO enters into exlusive negotiations to sell its stake in ANF IMMOBILIER to ICADE

Eurazeo has entered into exclusive negotiations with the real estate group Icade to sell its majority stake in ANF Immobilier -50.48% of share capital and 53.73% of voting rights- to be followed by an Icade takeover bid for the remaining capital. The proposed takeover price of €22.15 per share represents a premium of 10.2% on the average price overthe past three months.

In an intrinsically linked process, ANF Immobilier also entered into exclusive negotiations with Primonial REIM, a leading French real estate investment manager, for the sale of ANF Immobilier’s historic housing and commercial portfolio, mainly located in Marseille, and a building in Lyon, for €400 million.

Linking ANF Immobilier with a commercial property investor and a property developer such as Icade will accelerate ANF Immobilier’s presence in dynamic regional cities, as sector consolidation advances.

Eurazeo would realize a disposal gain of €213 million on this sale, an investment multiple of 2.3x and an IRR of13%.

The employee representative bodies and the decision-making bodies concerned will be consulted regarding these transactions.Given the time required for these consultations and decisions, the parties believe the transactions could be finalized in the 4th quarter of 2017. The takeover bid for the remaining ANF capital would be filed subsequent to the sale of the controlling stake.

Eurazeo CEO Patrick Sayer said:

“As a long-term responsible shareholder, Eurazeo is proud to have Accompanied ANF Immobilier’s development for 13 years. With the consolidation of the real estate sector in France and Europe, it’s time to write the next chapter in this company’s history And accelerate its pure player strategy centered on tertiary real estate in regional cities. This development matches perfectly with the investment policy conducted by Icade. With Eurazeo Patrimoine, Eurazeo retains a number of real estate assets through its different companies(Grape Hospitality,CIFA) and will continue to monitor opportunities in this fast-Changing sector.”

About Eurazeo

With a diversified portfolio of approximately €6 billion in assets under management, of which €1 billion is from third parties, Eurazeo is one of the leading listed investment companies in Europe. Its purpose and mission is to identify, accelerate and enhance the transformation potential of the companies in which it invests. The Company covers most private equity segments through its five business divisions – Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo Brands. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term.

Eurazeo is notably a shareholder in AccorHotels, ANF Immobilier, As modee, CIFA, CPK, Desigual, Elis, Europcar, Fintrax, Grape Hospitality, Les Petits Chaperons Rouges, Moncler, Neovia, Novacap, Sommet Education, Trader Interactive, and also SMEs such as Péters Surgical and Flash Europe International, as well as start-ups such as Farfetch and Vestiaire Collective.

> Eurazeo is listed on Euronext Paris.

 

 

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Kinnevik invests a further USD 65 million in Betterment

Kinnevik

Kinnevik AB (publ) (“Kinnevik”) today announced an investment of USD 65m into Betterment LLC (“Betterment”), the largest independent automated investing service company in the United States, as the company extends its financing round from last year.

The USD 70m extension to the March 2016 financing round was done by existing investors and led by Kinnevik. The transaction is subject to customary US regulatory approvals, and is expected to be completed by end of August. Post the investment, valuing Betterment at USD 800m, Kinnevik will own 16% of the company’s share capital.

Betterment is the largest independent automated investing service in the United States, managing nearly USD 10bn of assets for more than 270,000 customers. Since Kinnevik’s initial investment in March 2016, Betterment has grown their assets under management by over 135% and launched a series of industry-leading product innovations. In addition to the market’s leading digital investing service, customers now also have access to licensed financial advisors on the phone, advanced tax-efficiency tools and a range of other new features that helps them achieve better returns at low and transparent fees.

Kinnevik’s acting CEO, Joakim Andersson, commented: “The follow-on investment into Betterment forms part of our strategy of growing our ownership share in key private assets, as well as strengthening our financial services vertical. Betterment has continued to impress us with its strong growth, customer-centric focus, cutting-edge technology and talented team. We are excited to provide additional capital to the company to accelerate the roll-out of further products and services to help customers maximise their returns. “

“Kinnevik and Betterment have formed a strong partnership over the last year, and we welcome their increased commitment to our growth story” added Jon Stein, CEO and Founder of Betterment. “We are uniquely positioned to help our customers get better advice and the returns they deserve, and the additional funding will fortify our ability to build personalised financial services around the customer to allow them to optimise their financial life.”

 

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

 

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CVC Fund III and PAI Europe VI to reinvest in Grupo Cortefiel

CVC Capital Partners (“CVC”) and PAI Partners (“PAI”) today announced that CVC Fund III and PAI Europe VI have agreed to reinvest in Cortefiel, one of the largest specialised clothing retailers in Spain.

Cortefiel operates over 2,000 points of sale in 90 countries with three main brands: Cortefiel, aimed at men and women over 40; Springfield, aimed at 30-40 year old men and women; and, Women’s Secret, Iberia’s largest specialised lingerie chain. In recent months, Grupo Cortefiel has experienced strong growth and positive momentum, driven by the new management team’s corporate strategy and an improving underlying market environment.

The equity provided by the CVC funds and the PAI funds, in addition to new debt financing fully underwritten by Credit Suisse, Société Générale, BNP Paribas and Credit Agricole CIB will allow the repayment of the existing Cortefiel facilities at par.

Jaume Miquel, CEO of Cortefiel, said: “We are delighted that CVC and PAI, our long-term partners, have reconfirmed their support for Cortefiel, demonstrating their commitment to the Company and its employees. We’ve seen very strong growth and solid performance across brands, and now look forward to continuing our successes, taking advantage of the stable capital structure and strong balance sheet which is being put in place as a result of the deal.”

 

 

Media contacts

PAI Partners

Greenbrook Communications: Matthieu Roussellier / Annabel Clay

Tel.: +44 20 7952 2000

DGM: Michel Calzaroni / Olivier Labesse / Hugues Schmitt

Tel.: +33 1 40 70 11 89

 

 

CVC Capital Partners

Carsten Huwendiek, Head of Communications

Tel: +44 20 7420 4240

Grupo Cortefiel

Comunicación Corporativa

Tel: +34 91 387 55 29

 

About PAI Partners

PAI Partners is a leading European private equity firm with offices in Paris, London, Luxembourg, Madrid, Milan, Munich, New York and Stockholm. PAI manages €8.3 billion of dedicated buyout funds. Since 1994, the company has completed 61 transactions in 11 countries, representing €41 billion in transaction value. PAI is characterised by its industrial approach to ownership combined with its sector-based organisation. They provide the companies they own with the financial and strategic support required to pursue their development and enhance strategic value creation. www.paipartners.com

 

 

About CVC Capital Partners

CVC Capital Partners is a leading private equity and investment advisory firm. Founded in 1981, CVC today has a network of 24 offices and approximately 430 employees throughout Europe, Asia and the Americas. To date, CVC has secured commitments of over US$105 billion from some of the world’s leading institutional investors across its private equity and credit strategies, and, in total, CVC currently manages over US$60 billion of assets. CVC Funds have completed over 300 private equity investments in a wide range of industries and countries across the globe. Today, funds managed or advised by CVC are invested in more than 50 companies worldwide, employing c. 285,000 people in numerous countries. Together, these companieshave combined annual sales of approximately US$55 billion. For further information about CVC please visit: www.cvc.com

About Cortefiel

Cortefiel is one of the leading European fashion retailers. Founded in 1880, Cortefiel currently operates c. 2,000 points of sales across 90 count ries. The group is comprised of 5 main brands, Cortefiel, Pedro del Hierro, Springfield, Women’s Secret and Fifity Factory, the outlet avenue of the Group. Cortefiel employs c. 10,000 employees across the world. For further information please visit www.grupocortefiel.com

 

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Nordic Capital divests fast-growing payments company Bambora to global payments leader Ingenico Group

Nordic Capital Logo

Nordic Capital Fund VIII (“Nordic Capital”) has signed an agreement to divest global payment company Bambora to Ingenico Group (publ.) for an Enterprise Value of approximately EUR 1.5 billion. Less than three years after its start-up, Bambora is now an industry innovator with a unique and compelling position in the global payments industry. Ingenico Group is one of the world’s largest payment companies and the acquisition of Bambora strengthens its online positioning and growth profile with its global omni-channel payments solutions. Nordic Capital and the management team in Bambora have managed to realise a strong vision to change the payments landscape, resulting in a fast-growing customer-orientated company based on modern products and technology, within just a few years.

Based on a platform carve-out from one of the large Nordic banks, Nordic Capital together with the strong and experienced management team saw an opportunity to change the payments landscape through a carefully crafted acquisition strategy and significant investment in products, capability and the organisational framework. In 2015, Bambora was launched as a single brand and platform with a strong technological base and a customer-centric offering and culture.

Today, Bambora simplifies payments and helps 110,000 customers to grow in 70 different markets, manages transactions with a value of over EUR 55 billion per year, of which more then 70% are online and mobile. Bambora gained 15,000 new customers during the first six months of 2017, had an annual revenue amounting to EUR 202 million in 2016 and is performing with a very high organic growth. Bambora employs more than 700 people, of which 400 are newly recruited in the last 2.5 years.

Ingenico Group is the global leader in seamless payment with the world’s largest payment acceptance network, and generated revenues of over EUR 2.3 billion in 2016. With Ingenico Group as new owners, Bambora will be able to further leverage its technology platform and strong team within Ingenico Group’s footprint for even faster growth and expansion.

“Bambora is an excellent example of entrepreneurial business innovation, and yet another great Swedish unicorn leveraging strong local tech capabilities to create a global digital leader. Bambora is the result of a strong vision based on deep insight into the market, followed by fast and innovative execution by the management team. I am immensely proud of the team behind Bambora and would like to thank them for their dedication and exceptional work over the last few years”, says Fredrik Näslund, Partner, NC Advisory AB, advisor to the Nordic Capital Funds.

“I’m really happy about this deal, because it will benefit all our customers. I’m also very proud of the company culture we have built together, based on high energy, collaboration and always putting our customers first. Our unique cooperation with Nordic Capital has probably set a new record in moving from a vision to a start-up to a recognised industry innovator. With Ingenico Group as the new owner, we will be able to take the next natural step in our development and together provide even better conditions for our customers to support their growth”, says Johan Tjärnberg, CEO of Bambora.

“Anticipating the future evolutions of commerce, Ingenico Group has, in recent years, been pursuing a strategy of expanding its offering towards integrated payment services. The acquisition of Bambora represents a key milestone in our strategic plan providing a more integrated client offering and omni-channel solutions. It will enhance our customer centric approach and will reinforce our online and in-store positioning through a perfect complementarity. This transaction will be additive to our growth profile and will create value for our shareholders, customers and employees” said Philippe Lazare, Chairman and CEO of Ingenico Group.

The Technology and Payment sector is one of Nordic Capital’s core sectors. Together with its industry-leading tech investment team, Bambora is the second Swedish headquartered global payments company that Nordic Capital has created within the payments industry, the first one being the payment terminal and software company Point, which was exited in 2011. The divestment of Bambora follows a period where Nordic Capital has maintained a high level of transaction activity with ten successful exits and five new platform investments since the beginning of 2016.

The transaction is subject to approval by the relevant competition and regulatory authorities. Closing is expected in the fourth quarter of 2017.

 

Press contact:

Nordic Capital

Elin Ljung, Director of Communication and Sustainability
NC Advisory AB, advisor to the Nordic Capital Funds
M: +46 708 66 10 40, E: elin.ljung@nordiccapital.com

 

About Nordic Capital

Nordic Capital is a leading private equity investor in the Nordic region with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a proven track record. Core sectors are Healthcare, Technology & Payments, Financial Services, Industrial Goods & Services and Consumer & Retail, and key regions are the Nordics, Northern Europe, and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 11 billion through eight funds. The Nordic Capital Funds are based in Jersey and are advised by six advisory companies, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital, please visit www.nordiccapital.com

 

About Bambora

Bambora helps businesses grow. With a suite of simple payment products, it’s easy to keep track of daily transactions both online, in-store, or in-app. Founded in 2015, Bambora has been built with assets having significant experience in the payments industry. Now an international presence, with more than 700 employees, customers in 70 markets, and 300 commercial partners, Bambora processes EUR 55 billion per year. For more information, please visit www.bambora.com

 

About Ingenico Group

Ingenico Group (Euronext: FR0000125346 – ING) is the global leader in seamless payment, providing smart, trusted and secure solutions to empower commerce across all channels, in-store, online and mobile. With the world’s largest payment acceptance network, Ingenico Group deliver secure payment solutions with a local, national and international scope. Ingenico Group are the trusted world-class partner for financial institutions and retailers, from small merchants to several of the world’s best known global brands. The solutions enable merchants to simplify payment and deliver their brand promise. Learn more at www.ingenico.com

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KKR, Altamar Capital Partners, Deutsche Finance and other investors create Elix Vintage Residencial Socimi to invest in the Spanish residential sector

altamar-logo

KKR, Altamar Capital Partners, Deutsche Finance and other investors create Elix Vintage Residencial Socimi to invest in the Spanish residential sector

KKR, a leading global investment firm, and a group formed by local and international investors including Altamar Capital Partners and Deutsche Finance Group have created, together with Elix, a specialist residential real estate firm, an investment platform to invest €100 million in the Spanish residential real estate market.

The new platform, Elix Vintage Residencial Socimi, S.A., has been created in a Socimi vehicle and aims to invest its capital within the next three years to create a diversified portfolio of residential assets, mainly located in Madrid and Barcelona, which will be refurbished and rented. Elix will be the property manager, owing to its successful track record in similar investments since it was founded in 2003 by Jaime Lacasa and Jorge Benjumeda. Elix also has a large project team with diverse skills along the value creation chain and a recognized brand and style.

Guillaume Cassou, Member and Head of European Real Estate at KKR and Chairman of the Socimi commented: “We are delighted with this new investment in Spain, where KKR has built up a strong presence and investment track record over the last years, and in a sector which we believe has a long-term upside. We also look forward to working closely with our partners Altamar and Elix.”

Jaime Lacasa and Jorge Benjumeda, founders of Elix added: “This deal represents a milestone for Elix’s development due to the cooperation with renowned international investors who will support the growth and institutionalization of our company.”

The advisors to the transaction have been Freshfields, RCD (Rousaud Costas Durán) and BDO Abogados.

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JAB Completes Acquisition of Panera Bread Company

  1. JAB Holding
  2. LOUIS, MO-July 18, 2017–

Panera Bread Company (“Panera” or the “Company”) (NASDAQ: PNRA) and JAB today announced the successful completion of the acquisition of Panera by an investment vehicle of JAB Consumer Fund and JAB Holding Company.

The acquisition was announced on April 5, 2017, and the transaction closed and became effective today.Under the terms of the transaction, Company shareholders will receive $315 per share in cash for each share they own. As a result of the completion of the acquisition, Panera’s common stock will cease trading as of today on the NASDAQ Global Select Market.

About Panera

Thirty years ago, at a time when quick service meant low quality, Panera set out to challenge this expectation. We believed that food that was good and that you could feel good about, served in a warm and welcoming environment by people who cared, could bring out the best in all of us. To us, that is food as it should be and that is why we exist. So we began with a simple commitment: to bake fresh bread every day in our bakery – cafes. No short cuts, just bakers with simple ingredients and hot ovens. Each night, any unsold bread and baked goods were shared with neighbors in need.

These traditions carry on today, as we have continued to find ways to be an ally to our guests. That means crafting a menu of soups, salads and sandwiches that we are proud to feed our families. Like poultry and pork raised without antibiotics on our salads and sandwiches. A commitment to transparency and options that empower our guests to eat the way they want. Seasonal flavors and whole grains. And a commitment to removing artificial additives (flavors, sweeteners, preservatives and colors from artificial sources) from the food in our bakery – cafes. Why? Because we think that simpler is better and we believe in serving food as it should be. Because when you don’t have to compromise to eat well, all that is left is the joy of eating. We’re also focused on improving quality and convenience. With investments in technology and operations, we now offer new ways to enjoy your Panera favorites — like mobile ordering and Rapid PickUp for to- go orders — all designed to make things easier for our guests.

As of June 27, 2017, there were 2,043 bakery – cafes in 46 states and in Ontario, Canada operating under the Panera Bread(R), Saint Louis Bread Co. (R) or Paradise Bakery & Cafe(R) names. For more information, visit panerabread.com or find us on Twitter (@panerabread), Facebook (facebook.com/panerabread) or Instagram (@panerabread).

About JAB

JAB Holding Company and JAB Consumer Fund invest in companies with premium brands, attractive growth and strong margin dynamics in the Consumer Goods category. Both JAB Holding Company and JAB Consumer Fund are overseen by its three Senior Partners, Peter Harf, Bart Becht (Chairman) and Olivier Goudet (CEO). Together, JAB Holding Company and JAB Consumer Fund have controlling stakes in Keurig Green Mountain, a leader in single – serve coffee and beverage technologies, Jacobs Douwe Egberts (JDE), the largest pure – play FMCG coffee company in the world, Peet’s Coffee & Tea, a premier specialty coffee and tea company, Caribou Coffee Company, a specialty retailer of high-quality premium coffee products, instein Noah Restaurant Group, Inc., a leading company in the quick-casual segment of the restaurant industry, Krispy Kreme Doughnuts, a global specialty retailer and wholesaler of premium – quality sweet treats, and in Espresso House, the largest branded coffee shop chain in Scandinavia.

 

JAB Holding Company is also the largest shareholder in Coty Inc., a global leader in beauty, and owns a controlling stake in luxury goods companies including Jimmy Choo, Bally and Belstaff as well as a minority stake in Reckitt Benckiser PLC, a global leader in health, hygiene and home products. For more information, please visit the company’s website at: http://www.jabholco.com.

Contacts Panera:

Mike Bufano

Senior Vice President & CFO

mike.bufano@panerabread.com

Steve West

Vice President of Investor Relations

steve.west@panerabread.com

 

JAB:

Abernathy MacGregor Group

Tom Johnson/Pat Tucker

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PAI Partners to exit ADB Safegate, a global airport solutions provider

Global alternative asset manager, The Carlyle Group (NASDAQ:CG) today announced it has entered into a definitive agreement to acquire ADB SAFEGATE, a global airport performance solutions provider, from PAI Partners, alongside existing management of the company.

Paris, France – Zaventem, Belgium – Global alternative asset manager, The Carlyle Group (NASDAQ:CG) today announced it has entered into a definitive agreement to acquire ADB Safegate, a global airport performance solutions provider, from PAI Partners, alongside existing management of the company.

The transaction is expected to close in the second half of 2017 subject to customary requirements and regulatory approvals. Equity for the investment will come from Carlyle Europe Partners IV (CEP IV), a European-focused upper-mid market buyout fund. Further financial details of the transaction were not disclosed.

ADB Safegate delivers intelligent solutions that support superior airport performance. The company designs, develops and produces systems, products and solutions for airfield ground lighting, aircraft docking guidance and air traffic control, complemented by a full range of integrated end to end services. The company’s ground-breaking solutions address critical challenges faced by airports globally, including congestion, operational complexity, environment and sustainability performance as well as digital disruption.

Founded in 1920 by Adrien de Backer, the company has a long history of innovation and geographical footprint expansion, organically and through acquisitions. Today, it serves more than 2,500 airports across over 175 countries. ADB Safegate has more than 900 employees, four production facilities in Belgium, Germany, USA and China and a software development centre in Austria. Its footprint is reinforced by a strong global commercial presence including more than 100 agents and distributors and a vast network of dedicated R&D facilities.

Christian Onseleare, CEO, ADB Safegate, said: “We are grateful for PAI’s strong support as ADB Safegate embarked on a journey of transformation towards a pro-active, consultative provider of integrated end to end Airport Performance Solutions. We are delighted and proud to continue this journey with Carlyle as a powerful partner. Together with Carlyle we will grow and further consolidate our position in the aviation industry while keeping the core values that made ADB Safegate successful in the first place: passion, quality, leadership and care.”

Laurent Rivoire, Partner at PAI Partners, commented: “When we acquired ADB in 2013, it was a leading player in airfield ground lighting. Four years later, through organic initiatives and the transformational combination with Safegate, the group has become the global leader in airfield guidance systems, providing airports worldwide with unique end-to-end airfield management solutions. We would like to thank the ADB Safegate management team led by Christian Onselaere for this successful partnership with PAI, and we wish them well in their next development phase.”

Jonathan Zafrani, Managing Director, Carlyle Europe Partners, added: “We are very impressed with ADB Safegate’s longstanding performance and in particular by its growth through strategic acquisitions. We welcome the opportunity to support the ADB Safegate’s management team’s goal to become the global solutions provider of choice for airports around the world. Partnership with Carlyle will enable the company to benefit from our global scale and network and our experience in many of the company’s end markets.”

Citi and Lazard acted as financial advisors and Freshfields Bruckhaus Deringer acted as legal advisor to The Carlyle Group. Credit Suisse and Rothschild acted as financial advisors and Willkie Farr & Gallagher acted as legal advisor to PAI Partners. Callisto and Clairfield acted as financial advisors to the management team.

About PAI Partners

PAI Partners is a leading European private equity firm with offices in Paris, London, Luxembourg, Madrid, Milan, Munich, New York and Stockholm. PAI manages €8.3 billion of dedicated buyout funds. Since 1994, the company has completed 61 transactions in 11 countries, representing c. €41 billion in transaction value. PAI is characterised by its industrial approach to ownership combined with its sector-based organisation. They provide the companies they own with the financial and strategic support required to pursue their development and enhance strategic value creation.

About the Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $162 billion of assets under management across 287 investment vehicles as of March 31, 2017. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,550 people in 31 offices across six continents.

About Carlyle Europe Partners

Carlyle Europe Partners seeks to invest in upper and mid-size companies in Europe across a wide range of sectors and industries, accelerate their growth and support their efforts to expand internationally. The current fund is now the fourth in the CEP franchise. The fund is managed by a team of 41 investment professionals across five offices.

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EDF Invest to invest in Q-Park alongside KKR Infrastructure

 EDF Invest
17, July 2017 EDF Invest to invest in Q-Park alongside KKR Infrastructure.
EDF Invest announces that it is investing alongside KKR Infrastructure in the Dutch car-park operator Q-Park NV.
Q-Park is one of Europe’s leading parking services providers, with more than 870,000 parking spaces in over
6,300 secure, clean, and well -managed parking facilities across ten Northwest European countries.
The company employs over 2,100 full-time employees and delivers efficient mobility services to its customers
through the use of increasingly smarter solutions and systems. EDF Invest’s Managing Director, Guillaume d’Engremont said: “Q-Park stands out by the quality of its car parks and the breadth of its portfolio in Europe. We are pleased to join KKR Infrastructure in this acquisition which will ideally complement our core infrastructure portfolio”.
EDF Invest will be involved in the governance with a seat at the Supervisory Board of Q-Park NV.
Closing is expected to occur in the second semester.
About EDF Invest
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 manages a portfolio of over €5bn equity investments
through three asset classes: infrastructure, real estate and private equity.
The existing infrastructure portfolio includes stakes in RTE (the French electricity transmission company), Géosel
(an oil storage company based in Manosque), Thyssengas (the third largest gas transport company in Germany),
Aéroports de la Côte d’Azur (the second largest French airport operator, in joint control with Atlantia), TIGF (a gas
transport and storage company operating in the South – West of France), Madrileña Red de Gas (the operator of the
main gas distribution network in the region of Madrid) and Porterbrook (one of the three main rolling stock owning
companies in the UK). It will also be complemented by a stake in Autostrade per l’Italia (which operates 50% of
Italy’s toll motorway network) when the transaction closes in the second semester.

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