Monthly Archives: October 2017

CapMan establishes new pan-Nordic open-ended real estate fund

Capman

CapMan establishes a new pan-Nordic real estate fund, CapMan Nordic Property Income Fund (“CMNPI”), which is CapMan’s first open-ended real estate fund with a non-UCITS structure.

CapMan Real Estate widens its product offering by establishing the CMNPI fund, which focuses on stable income generating properties in the largest and most liquid Nordic cities with solid long-term growth fundamentals. In line with the recently announced second pan-Nordic value-add fund, CapMan Nordic Real Estate II, the CMNPI fund targets mainly offices and necessity-driven retail assets, but it also will invest in other real estate sectors providing stable and predictable income, such as logistics properties.

By launching the CMNPI fund CapMan aims to offer its real estate expertise to an increasing number of investors. In addition to CapMan’s typical large institutional clients, the open-ended structure of the fund makes it suitable for smaller investors. The fund accepts new investments each quarter, while the investors may redeem their investments on a semi-annual basis. The fund has a strong pipeline of investment opportunities, and expects to make its first acquisitions during 2017. The fund has no pre-set target size, but aims to accumulate over EUR 200 million of equity during the first two years of its operations.

“In the prevailing low interest rate environment there is an immense demand for income-producing real estate instruments that also provide liquidity. During the pre-marketing the fund has received strong interest from prospective investors. CapMan Nordic Property Income Fund targets stable returns by diversifying its portfolio across the Nordic growth cities. We typically target properties with long leases with strong anchor tenants or expect the properties to have a well-diversified tenant base,” says Mika Matikainen, Managing Partner of CapMan Real Estate.

“CapMan Nordic Property Income  Fund is CapMan’s first open-ended fund. Our target is to offer more flexible investment products to our clients, and to be able to serve an ever-wider group of investors. CapMan’s new open-ended real estate fund is an example of a product that is well-suited for many different investor groups. CapMan Real Estate has a unique platform with a strong experience and track record in the Nordics, which will be instrumental for the success of the new fund,” says Joakim Frimodig, CEO of CapMan Plc.

CapMan Real Estate has a team consisting of over 30 real estate professionals in Helsinki, Stockholm and Copenhagen. CapMan Real Estate was established in 2005 and it currently has over EUR 1.7 billion of assets under management.

For further information, please contact:
Mika Matikainen, Managing Partner, CapMan Real Estate, tel. +358 40 519 0707
Joakim Frimodig, CEO, CapMan Plc., tel. +358 50 529 0665

CapMan  
www.capman.com
twitter.com/CapManPE

CapMan is a leading Nordic investment and specialised asset management company. As one of the Nordic private equity pioneers we have actively developed hundreds of companies and real estate and thereby created substantial value in these businesses and assets over the last 28 years. CapMan has today 110 private equity professionals and manages €2.7 billion in assets. We mainly manage the assets of our customers, the investors, but also make direct investments from our own balance sheet in areas without an active fund. Our objective is to provide attractive returns and innovative solutions to investors and value adding services to professional investment partnerships, growth-oriented companies and tenants. Our current investment strategies cover Buyout, Growth Equity, Real Estate, Russia, Credit, Infrastructure and Tactical Opportunities. We also have a growing service business that currently includes fundraising advisory, procurement activities and fund management.

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EQT Acquires Clinical Innovations, LLC

eqt

  • EQT acquires Clinical Innovations, the leading global, pure-play provider of single-use clinician-preferred medical devices for Labor & Delivery departments within hospitals
  • EQT to continue accelerating Clinical Innovations’ growth by leveraging EQT’s experience in scaling medical device businesses, through further investment in bringing the leading products to international markets, and by continuing to add new clinician-preferred products to the portfolio

The EQT Mid Market US fund (“EQT Mid Market US”) today announced that it has acquired a majority stake in Clinical Innovations (the “Company”). Clinical Innovations is the leading global, pure-play provider of single-use clinician-preferred medical devices for Labor & Delivery (“L&D”) departments within hospitals. The Company has recently expanded its product portfolio to also serve the Neonatal Intensive Care Unit (“NICU”).

Clinical Innovations, founded in 1993 and headquartered in Salt Lake City, Utah, is the largest medical device company exclusively focused on L&D. Already a market leader in several categories with products such as the Kiwi® Vacuum-Assisted Delivery System and Koala® Intrauterine Pressure Catheter, Clinical Innovations is developing state-of-the-art technologies and innovative medical devices that fulfill its mission of improving the lives of mothers and babies. The Company’s manufacturing facility in Utah is ISO 13485 certified. Clinical Innovations has built the industry’s largest specialized L&D-focused sales force and has developed strong relationships with specialty medical device distributors. The Company has approximately 165 full time employees and serves more than 80 countries globally.

Brendan Scollans, Partner at EQT Partners Inc. and Investment Advisor to EQT Mid Market US, said: “We look forward to supporting Clinical Innovations’ CEO Ken Reali and his team through their next phase of growth. The Company’s portfolio of innovative and high-growth new products, combined with an impressive global sales organization, has enabled it to become a market leader within L&D. EQT’s healthcare expertise and global presence will help the Company continue accelerating its international expansion and the broadening of its of best-in-class L&D and NICU product set through acquisitions.”

Jerry He, Partner at EQT Partners Asia Limited stated: “We are impressed by Clinical Innovations’ success in the fields of L&D and Neonatal care. Its product portfolio offers unique value to doctors, mothers and babies around the world. We are committed to supporting the Company’s international growth strategy, especially as it looks to bring the strong product lineup to China and other Asian markets.”

“We are eager to partner with EQT as we continue to develop our L&D and NICU strategy that we have executed over the past several years” said Ken Reali, President and CEO of Clinical Innovations. “EQT is an ideal fit for Clinical Innovations and our continuing growth. EQT’s relationships, global presence and philosophy fit well with the Company culture and our strong commitment to delivering excellent products to clinicians to care for mothers and their babies”, Reali added.

Simpson Thacher & Bartlett LLP is serving as legal advisor to EQT Mid Market US. Moelis & Company and Cain Brothers served as financial advisors to Clinical Innovations.

Contacts:
Brendan Scollans, Partner at EQT Partners, Investment Advisor to EQT Mid Market US, +1 (917) 281 0849
KEKST: + 1 (212) 521 4800 (US media) Daniel Yunger, daniel.yunger@kekst.com
EQT Press Office, +46 8 506 55 334

About EQT
EQT is a leading alternative investments firm with approximately EUR 37 billion in raised capital across 24 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. EQT is an active investor and owner in the healthcare sector, including recent investments in Certara, Press Ganey, Ottobock, Sivantos, and Lima Corporate.

More info: www.eqtpartners.com

About Clinical Innovations
Clinical Innovations is one of the largest medical device companies exclusively focused on labor and delivery and the neonatal intensive care unit. The company is already a market leader in several categories with products such as the Koala® Intrauterine Pressure Catheter; Kiwi® Vacuum-Assisted Delivery System; ROM Plus® Rupture of Membranes Test; traxi® Panniculus Retractor; ClearView Uterine Manipulator; babyLance Safety Heelstick; and the recently added ebb Complete Tamponade System. Clinical Innovations is expanding its global presence while developing state-of-the-art technologies and innovative medical devices that fulfill its mission of improving the lives of mothers and their babies throughout the world.

More info: www.clinicalinnovations.com

 

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Bridgepoint sells Leeds Bradford Airport

Bridgepoint

AMP Capital, on behalf of investors in its global infrastructure equity platform, has agreed to acquire 100 per cent of Leeds Bradford Airport from Bridgepoint Advisers Limited. Leeds Bradford Airport is an international airport serving the cities of Leeds, Bradford and the broader Yorkshire area, with four million annual passengers.

Leeds Bradford Airport is a compelling investment for AMP Capital due to its excellent location and strong growth prospects as well as AMP Capital’s expertise and successful track-record of investing in airports globally within its infrastructure portfolio for more than 20 years.

A mix of low-cost, charter and major international airlines operate at the airport, which benefits from a catchment area containing 5.3 million people, 2.9 million of whom live less than one hour from the airport.   Leeds and Bradford are the third and seventh largest cities in the UK, respectively, and the Leeds City Region is home to the UK’s largest financial and business services centre outside London.  The airport primarily offers international short-haul flights to customers as well as an established network of domestic destinations.

Simon Ellis, Head of Origination, Europe at AMP Capital, said: “With its strong underlying fundamentals including freehold ownership with well-invested infrastructure, a diversified airline mix and its catchment area in an economic hub of the North of England, Leeds Bradford Airport is a highly attractive investment and a great fit for AMP Capital’s global infrastructure platform, which includes the Global Infrastructure Fund.

“We believe there is a clear opportunity for performance enhancement through tailoring and improving the customer experience and working collaboratively with our key partners including airlines, government and local businesses.  In addition, the airport serves the Yorkshire and the Humber region, one of the fastest-growing regions in the UK with a population growth of 6 per cent since 2001 and there is also potential for further route development.

“AMP Capital’s heritage in transportation infrastructure investment and our experience of owning airports means we are well placed to develop the exciting opportunities presented by this investment.”

Michael Davy, Partner at Bridgepoint, said: “Over the past five years of Bridgepoint ownership, passenger numbers have grown by almost 40 per cent to over four million, c. £30 million has been invested in capex projects including a terminal upgrade, employee numbers have grown from 200 to around 460, and EBITDA has grown by over 25 per cent per annum.”

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Verdane IX invests in Safira to boost international expansion

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Verdane

Fashionable Development Europe AB, online retailer of jewellery and accessories under the brand name Safira, today announced Nordic private equity fund Verdane Capital IX as a new investor. Together, they will build a fast fashion jewellery brand with international ambitions.

The Swedish online retailer of jewellery and accessories, Safira offers a variety of fashion and traditional jewellery products, including gold and silver rings, necklaces, bracelets and watches. The company has received a lot of attention for its partnership with Swedish fashionista Molly Rustas, and their joint collection Safira by Molly Rustas.

“People live much of their life online. Couples meet online, and then of course, the wedding ring is bought online. Safira and the products become part of people’s special occasions and everyday life as the online home of fashion accessories,” says Jeff Petterson, CEO in Safira.

So far, Safira has primarily focused on the Swedish consumer market, through Safira.se and its newly opened flagship store in Gothenburg. Following the investment by Verdane Capital IX, the company now targets expansion across the Nordics and beyond.

“Verdane has extensive experience building e-commerce successes in a broad range of industries, leveraging its leading online expertise and know-how. We look forward to working together with Verdane on taking Safira to the next level internationally, and offer fashion accessories online to many more markets,” says Pettersson.

In contrast to the fashion apparel industry, which has seen an influx of major e-commerce platforms in recent years, the movement towards bringing the jewellery industry online has been lagging. According to Staffan Mörndal in Verdane, this is about to change.

“Clearly, the jewellery market is a highly attractive space, and we expect strong growth in online penetration. We believe Safira is well positioned to take part in the offline to online transformation of the industry, and become a market leader within fashion accessories and gold and silver jewellery online,” he says.

For further information, please contact:

Staffan Mörndal, staffan.morndal@verdanecapital.com or +46 70 93 15 235

Jeff Pettersson, jeff@safira.se or +46 73 39 81 105

About Safira

Founded in 2012, Safira is a Swedish-based online retailer and maker of jewellery and accessories, offering a mix of its own and external brands of a variety of products, including gold and silver rings, necklaces, bracelets and watches.

About Verdane

Verdane funds provide flexible growth capital to fast growing software, consumer internet, energy or high-technology industry businesses. The funds are distinctive in that they can invest either in a single company, or in portfolios of companies. Verdane funds have €900m under management and have invested in over 300 holdings over the past 14 years. Verdane Capital Advisors has 25 employees working out of offices in Oslo, Stockholm, and Helsinki. More information can be found at: www.verdanecapital.com

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3i announces three new hires in its Private Equity team

3I

3i announces three new hires in its Private Equity team. The new hires highlight the strength and growth of the business across its core markets in Europe.

Philipp Bruchmann has joined as a Director in the Frankfurt office. Before joining 3i, Philipp was Vice President of Group Corporate Development and M&A Execution at Deutsche Telekom. Prior to this, he was a Principal at Warburg Pincus in Frankfurt and London, where he focused on the German-speaking markets across the TMT and business services sectors.

Jamie Supple has joined as a Senior Associate in the London office. Before joining 3i, Jamie was an Investment Manager at Duke Street, where he focused on the healthcare and services sectors, and prior to that worked in the investment banking team at Hawkpoint Partners in London.

Karel van der Voorden has joined as an Associate in the Amsterdam office. He is a deal team member for Basic-Fit (European discount fitness chain) and Euro-Diesel (manufacturer of power back-up systems. Prior to joining 3i, Karel worked in Morgan Stanley’s Benelux investment banking team in London.

3i’s Private Equity team has had a busy six months, with three new investments, Hans Anders (Benelux), Formel D (Germany) and Cirtec (North America). In addition, a number of its portfolio companies have made strategic bolt-on acquisitions, including Ponroy, ATESTEO and Etanco.

Alan Giddins and Menno Antal, Managing Partners and co-heads of Private Equity, commented:

“We would like to offer a warm welcome to our new colleagues in Frankfurt, London and Amsterdam. Their skills and experience will add greatly to the team as it seeks to identify attractive mid-market investment opportunities across our target markets of Europe and North America.”

-Ends-

For further information, contact:

3i Group plc
Kathryn van der Kroft
Media enquiries
Tel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com

Imogen Harvey
Media enquiries
Tel: +44 20 7975 3027
Email: imogen.harvey@3i.com

Notes to editors:

About 3i Group

3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Its core investment markets are northern Europe and North America. For further information, please visit: www.3i.com

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Fresks acquires XL-BYGG Edvardssons

Litorina

Fresks continues to expand through the acquisition of Edvardsson Bygg & Material i Skärstad AB (XL-BYGG Edvardssons) who operates in Skärstad north of Huskvarna. Previous owner Mikael Edvardsson will reinvest a significant share of the proceeds from the transaction in Fresks Group.

Rolf Edvardsson founded today’s XL-BYGG Edvardssons in 1966 and has focused on serving the market north of Jönköping with quality building material and associated services ever since. Today, XL-BYGG Edvardssons has a turnover of c. SEK 90 million and employs 20 people.

After the acquisition Fresks Group will have a total of 25 stores with pro forma revenues of more than SEK 1.5 billion and c. 400 employees.

For further information, please contact:

Leif Lindholm, +46 70 698 27 00, CEO Fresks Group

Fresks, founded in 1862 is a leading Swedish building material retail chain in Northern Sweden focused on the professional segment. The company has 25 stores under the brands XL-BYGG Fresks, XL-BYGG Östergyllen and Gärdin & Pärsson. Fresks sells high quality building material with high degree of service primarily to small and mid-sized professional customers. For more information, please visit www.fresks.se and www.gardinpersson.se

 

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3i announces first North American infrastructure transaction with investment in Smarte Carte

3I

3i Group plc (“3i”) today announces it has agreed to invest alongside management in Smarte Carte International Holdings, Inc. (“Smarte Carte” or the “Company”), a leading concessionaire of essential infrastructure equipment. With over 140,000 owned units consisting primarily of airport baggage carts and self-storage lockers, the Company serves the global travel and leisure industry. The enterprise value of the transaction is $385m.

Founded in 1967, Smarte Carte currently operates at over 2,500 locations across seven countries including the U.S., Canada, Australia, New Zealand, Sweden, the U.K., and Singapore. Over the last 50 years of successful operations, the Company has sustained market leadership in airport baggage carts, self-storage lockers and other vended equipment through long-term customer contracts. Smarte Carte’s average customer relationship is over 24 years. Recently, the Company was selected as the preferred vendor for customised delivery lockers for the United States Postal Service pilot programme.

With 80% of Smarte Carte’s revenue derived within the U.S., the Company is poised for additional domestic and international growth. 3i will appoint Greg Hart, Chief Operating Officer for United Airlines, as a non-executive director to the Smarte Carte board of directors (alongside two 3i directors), to help guide this future growth. For over 20 years, Greg has held various leadership positions at United Continental Holdings (NYSE: UAL) overseeing global airport operations, customer service and technical operations.

Rob Collins, Managing Partner, 3i North American Infrastructure, commented:

“The global travel and leisure market has changed in recent years and now provides more revenue opportunities from outsourced baggage carts and other essential services. As the market leader, Smarte Carte has grown durable cash flows through decades of economic cycles. Our team looks forward to partnering with management to grow Smarte Carte’s global footprint, especially in Europe where 3i has an established track record in the airport sector through its investments in Belfast City Airport and (through 3i Infrastructure plc) in airport ground-handling equipment company TCR.”

Ed Rudis, President & CEO, Smarte Carte, added:

“We look forward to working with 3i and rolling management equity alongside 3i’s equity investment. We feel that the 3i team’s approach, sector knowledge and international presence make them the right partner to support the next stage of Smarte Carte’s growth.”

In March 2017, 3i launched its North American infrastructure investment platform. 3i intends to fund further North American infrastructure investments initially with its own balance sheet with a view towards deploying third-party capital in due course.

-Ends-

For further information, contact:

3i Group plc
Silvia Santoro
Shareholder enquiries
Tel: +44 20 7975 3258
Email: silvia.santoro@3i.com

Kathryn van der Kroft
Media enquiries
Tel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com

About 3i Group

3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Its core investment markets are northern Europe and North America. For further information, please visit: www.3i.com

About 3i’s Infrastructure business

3i is a leading global infrastructure investor, with a track record of investing in infrastructure since 1987. The team of approximately 35 investment professionals manages or advises a number of infrastructure investment vehicles, including 3i Infrastructure plc, 3i European Operational Projects Fund, 3i India Infrastructure Fund, 3i MIA and two PPP-focused funds, BIIF and BEIF II.

About Smarte Carte

Headquartered in White Bear Lake, Minnesota, the Company is a leading supplier and manager of vended equipment in the travel and leisure industry. Smarte Carte owns and manages baggage carts as the sole provider in 125 locations (including 49 of the top 50 airports in the U.S.). The Company also owns and manages lockers and other consumer-rental equipment in amusement parks, fitness clubs, shopping malls and ski resorts.

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Nordic Capital becomes the largest shareholder in Nordax Group AB (publ)

Nordic Capital becomes the largest shareholder in Nordax Group AB (publ) Image

Nordic Capital Fund VIII (“the Fund”) has acquired 9.96% of the listed shares in Nordax Group AB (publ) (“Nordax”). In addition the Fund has entered into a call option agreement which entitles Nordic Capital Fund VIII to acquire an additional 5.04% of the shares, subject to approval by the Swedish Financial Supervisory Authority.

Established in 2003 and operating from a centralised platform in Stockholm, Nordax is a leading niche bank in Northern Europe with approximately 120,000 loan customers and 28,000 savings customers. Nordax is focused on large, long duration personal loans and deposit accounts. Nordax was listed on Nasdaq Stockholm on 17 June 2015 and currently has a total market capitalisation of approximately SEK 5bn (based on the last price paid for the Nordax share on 12 October 2017).

Nordic Capital[1] is one of the longest established and most active private equity investors in the Nordic region, investing in five core sectors comprising Healthcare, Technology & Payments, Financial Services, Industrial Goods & Services and Consumer & Retail. Nordic Capital has a strong track record from investments in the financial services sector, including Resurs Bank, Lindorff and Nordnet. Nordic Capital holds majority or minority positions in private or public companies, and typically acts as an active owner, contributing to the long term development of the company through representation on the Board of Directors.

“Nordic Capital has extensive experience and an excellent track record in the financial services sector, and sees Nordax as an interesting company with strong potential and a great management team. There is rapid underlying growth in this market niche and opportunity for companies like Nordax to take new steps in digitalization and product development. Nordic Capital has strong expertise in these areas and looks forward to becoming a committed shareholder in Nordax” says Kristoffer Melinder, Managing Partner, NC Advisory AB, advisor to the Nordic Capital Funds.

The transaction was executed by way of a reversed book building process where a total of 15% of the capital was acquired by Nordic Capital (9.96%) and Carnegie Investment Bank AB (“Carnegie”) (5.04%). Nordic Capital has entered into a call option arrangement with Carnegie to which Nordic Capital has the right to acquire all of the Nordax shares currently held by Carnegie. It is the intention of Nordic Capital to exercise this call option upon receipt of necessary approvals from the SFSA. Until SFSA approval has been obtained, and prior to any exercise of the call option, there will be no voting cooperation, veto rights or other agreements or understandings between Nordic Capital and Carnegie as regards exercise of influence over Nordax. A filing for SFSA approval that will give Nordic Capital the right to exercise the option will be made today.

Press contact:

Elin Ljung, Director of Communication and Sustainability

NC Advisory AB, advisor to the Nordic Capital Funds

Tel: +46 8 440 50 50 e-mail: 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 advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital please see www.nordiccapital.com

 

[1] Nordic Capital refers to Nordic Capital Fund VIII and any, or all, of its predecessor funds depending on the context.

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Latour acquires Micor AB

Latour logo

Investment AB Latour has, through its subsidiary LSAB Group AB, part of Latour Industries, signed an agreement to acquire Micor AB, based in Laholm. The acquisition is part of LSAB’s strategy to strengthen its position as a supplier of tools to the industrialized wood sector.

Micor develops and manufactures circular saw blades for industrial applications and was founded by one of the pioneers behind the technology to craft circular saw blades with cemented carbide. Micor has 19 employees and annual sales of approximately SEK 27 m, of which about 50 per cent comes from export.

With this acquisition, LSAB will strengthen its position as a manufacturer and supplier of saw blades on both the Swedish and international markets.

Hans Ekholm, CEO of LSAB Group AB comments on the acquisition: “During the summer we started a collaboration that has now concluded in the acquisition the company. With Micor, we are expanding our existing range of saw blades and we see great synergies in utilizing our respective company’s customer base as well as expertise in the production of saw blades.”

“LSAB and Micor complement each other very well in terms of both range and geography. Respective companies’ customers will gain access to a broader range and portfolio with strong brands such as Westlings, LSAB and Micor”, says Stig Niklasson, Micor’s current CEO and owner.

Göteborg, October 12 2017

INVESTMENT AB LATOUR (PUBL)
Jan Svensson, CEO

For further information, please contact:
Hans Ekholm, CEO LSAB Group AB, +46 730 399 760
Björn Lenander, Chairman of the Board in LSAB Group AB, +46 708 194 736

LSAB Group, with headquarter in Göteborg, has annual sales of almost SEK 500 m and about 300 employees in subsidiaries located in seven different countries. LSAB Group is part of Latour Industries, which is one of four wholly owned business areas within Investment AB Latour.

Latour Industries AB consists of a number of operating areas, each with its own business concept and business model. The ambition is to develop independent entities, which can eventually become new business areas within Latour.

Investment AB Latour is a mixed investment company consisting primarily of wholly-owned industrial operations and an investment portfolio of listed holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of ten substantial holdings with a market value of about SEK 49 billion. The wholly-owned industrial operations generated a turnover of approximately SEK 8 billion in 2016.

 

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Ardian Private Debt and CVC Credit Partners provide financing to support acquisition of Voogd & Voogd

Ardian

London, October 11, 2017 – Ardian Private Debt and CVC Credit Partners, announced today that they have provided financing supporting Five Arrows Principal Investments (“FAPI”) in their acquisition of Voogd & Voogd, a leading technology-enabled insurance intermediary based in the Netherlands. The financing also includes a committed debt facility to further support Voogd & Voogd’s expansion plans.

Founded in 1909, Voogd & Voogd is a leading technology-enabled insurance distribution and software platform. Providing a range of value-added administrative services and solutions, the company’s platform forms the commercial and logistical link between insurers and c.2,000 brokers in the Netherlands. Mark Brenke, Managing Director & Co-Head Ardian Private Debt, said: “As a financing partner, we are delighted to be supporting Bas de Voogd (CEO Voogd & Voogd), Michael de Nijs (CFO Voogd & Voogd) and FAPI who have a strong track record investing in technology enabled B2B services businesses. Voogd & Voogd has a very long track record as the leading insurance service provider in the Dutch market, leveraging its proprietary technology platform to support the administration and distribution of insurance policies in the Netherlands. The business has been a major innovator in an evolving sector, enabling the digitisation of the personal and commercial lines insurance market.”

Neale Broadhead, Managing Director & Portfolio Manager in CVC Credit Partners’ direct lending business, said: “We are very excited to announce our latest investment in the Netherlands. Voogd & Voogd is the leading intermediary player in the Dutch insurance market, with superior scale, technology capabilities and reach into the insurers and brokers networks. We look forward to working with FAPI as they position Voogd & Voogd to take advantage of the growth in the Dutch insurance market.”

ABOUT ARDIAN

Ardian, founded in 1996 and led by Dominique Senequier, is an independent private investment company with assets of US$65bn managed or advised in Europe, North America and Asia. The company, which is majority-owned by its employees, keeps entrepreneurship at its heart and delivers investment performance to its global investors while fuelling growth in economies across the world. Ardian’s investment process embodies three values: excellence, loyalty and entrepreneurship.

Ardian maintains a truly global network, with more than 470 employees working through twelve offices in Paris, London, Frankfurt, Milan, Madrid, Zurich, New York, San Francisco, Beijing, Singapore, Jersey, Luxembourg. The company offers its 610 investors a diversified choice of funds covering the full range of asset classes, including Ardian Funds of Funds (primary, early secondary and secondary), Ardian Private Debt, Ardian Buyout (including Ardian Mid Cap Buyout Europe & North America, Ardian Expansion, Ardian Growth and Ardian Co-Investment), Ardian Infrastructure, Ardian Real Estate and Ardian Mandates.

www.ardian.com

ABOUT CVC CREDIT PARTNERS

CVC Credit Partners is the credit management business of CVC. Formed through a merger of predecessor firms that date back to 2005 and supported by a team of 51 dedicated investment professionals, CVC Credit Partners is a global credit asset manager with offices in the US and UK and $17.9bn assets under management, as at Q2 2017.

CVC Credit Partners seeks to generate for its investors positive absolute returns and attractive risk-adjusted returns on capital throughout the credit cycle. CVC Credit Partners has built a diverse platform which creates significant synergies across its three investment strategies: Performing Credit, Credit Opportunities & Special Situations and Private Debt.

http://www.cvc.com/Credit-Partners.htmx

ABOUT FIVE ARROWS PRINCIPAL INVESTMENTS

Five Arrows Principal Investments is the corporate private equity business of Rothschild Merchant Banking and has €1.4 billion under management. With offices in London, Paris and Luxembourg, Five Arrows Principal Investments employs a pan-European investment strategy focused on investing in middle market companies which have entrenched market positions, business models with high revenue visibility and multiple untapped levers for value creation.

www.rothschild.com/en/merchant-banking/corporate-private-equity

PRESS CONTACTS

  • CVC CREDIT PARTNERS
  • Nina Suter, Head of Communication
  • nsuter@cvc.com
  • Tel: +44 20 7420 9122

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