Veritas Petroleum Services acquires Transoil Laboratory Limited


Rotterdam, 31st January – Veritas Petroleum Services (VPS), a global fuel testing advisory company owned by IK Investment Partners (IK VII Fund) has acquired Transoil Laboratory Limited, a transformer and insulating oil testing company based in Manchester, UK. Financial terms of the transaction were not disclosed.

VPS is the market-leading fuel testing, inspection, and advisory company in shipping, with laboratories located in Rotterdam, Singapore, Houston and Fujairah. VPS tests fuels and lubricating oils, producing high quality, reliable analytical data with further expert interpretation and advice on engine condition monitoring and cost optimisation. The acquisition of Transoil enables VPS to expand its testing and advisory service offering into power industries.

Dr Malcolm Cooper, Group Managing Director of VPS said: “In Transoil, we have acquired a company with a strong technical capability and excellent reputation, which is a great fit with our existing business. The addition of transformer and insulating oils to our existing portfolio of fuels and lubricating oils enables us to service a wider range of markets, and represents a platform for further growth and diversification of our testing and advisory business.”

Peter Broadbent, founder and Managing Director of Transoil Laboratory said: “Joining forces with VPS allows us to expand our transfomer and insulating oil testing and advisory services globally. With our combined service offering in fuel, lubricating and transformer oil testing and advice, we become an even stronger partner to our customers. We are very excited about this opportunity.”

For more information, please visit

Categories: News


FSN CAPITAL V: Holmbergs Safety System has signed an agreement to acquire Fasching Safety Belts

Fsn Capital

Holmbergs Safety System Holding AB (“Holmbergs”) has signed an agreement to acquire Austria based Fasching Safety Belts GmbH (“Fasching”), which is a leading provider of safety belts for the bus and motor coach industry. The acquisition is consistent with Holmbergs’ strategy of growing its Secured Transportation business, both organically and through M&A, to complement its global market leading position in child safety systems. Fasching’s current owner will re-invest a substantial part of the transaction proceeds in Holmbergs, as well as remaining in the Board of Directors for Fasching and working actively with strengthening the Holmbergs Group’s overall position in the DACH region.

Fasching is a global leading manufacturer of safety belts for buses, commercial vehicles and wheelchairs. The company has shown strong organic annual growth in recent years, and currently has revenues of EUR 10 million. Today, Fasching has a stable global platform for continued expansion.

Anders Sandell, CEO Holmbergs:
“We are impressed by Fasching’s strong growth journey, as well as its leading market position for safety solutions in attractive niches of the transportation market, and in particular its global market leading position in the bus segment. Fasching will form a great platform for continued growth in our Secured Transportation business. Furthermore, this transaction is in line with our strategy to continue to grow our Secured Transportation business, both organically and through acquisitions of market leading niche players. Most importantly, we hereby want to welcome Fasching to the Holmbergs’ family, and we look forward to start working with Mr. Mayer and his colleagues at Fasching.”

Peter Mayer, CEO and owner of Fasching:
“It has been a great journey since I joined Fasching in 2014. Since then, we have grown topline organically by CAGR 15%, and we are today the global market leading player in safety belts for buses, with customers on multiple continents. It is my strong view that Holmbergs will be a great owner of Fasching, and the acquisition will strengthen both Holmbergs’ and Fasching’s offering.  Also, I am excited of being able to re-invest in Holmbergs, as well as continue working with Fasching, together with the Holmbergs’ team.”

Holmbergs is a global market leader in the fast-growing niche markets of safety products and systems for child safety seats, as well as for the secured transportation industry. In 2017, Holmbergs pro-forma sales is expected to exceed SEK 430 million. In partnership with FSN Capital, Holmbergs aspires to reinforce its strong market position in child safety and further accelerate international growth, primarily in Asia. Additionally, the company intends to continue to grow its adjacent Secured Transportation business, both through organic as well as in organic initiatives.



Categories: News


H.I.G. Portfolio Company Royo Group Combines with Fiora Bath Collections

HIG Capital

MADRID – January 31, 2018 – H.I.G. Capital (“H.I.G.”), a leading global private investment firm with more than €20 billion of equity capital under management, announced today that its portfolio company, Royo Group (“Royo”) has completed the integration of Fiora Bath Collections (“Fiora”) as part of its growth strategy.

Headquartered in Nájera (La Rioja, Spain), Fiora was established in 1986, and is Europe’s leading manufacturer of resin shower trays, a rapidly growing product category. Its success has been driven by innovation in the design of new bathroom materials. Resin is highly versatile and offers excellent performance. It also has the ability to imitate the look and feel of very different material types, offering consumers an infinite range of bathroom design and decoration options. Fiora´s products are available in more than 30 countries worldwide. Fiora’s current shareholders will remain as shareholders in Royo and will remain involved in their current roles, playing a leadership management role in the combined business.

The combination of Fiora and Royo is part of Royo’s strategy to grow in other geographic markets and segments, to broaden its leadership to other product categories and to continue improving customer service. The objective of the co-operation between H.I.G. and Royo Group – and now with Fiora – is to create the leading independent player in the European bathroom sector.

Royo and Fiora’s sales networks will continue to operate separately, but will benefit from joint purchasing savings and other shared services.

Jaime Bergel, Managing Director, H.I.G. Europe, said: “Fiora has been a pioneering manufacturer of resin shower trays and is largely responsible for the runaway success of this new product throughout Europe, especially in the South. Fiora’s clients are attracted by the high quality of its products, its innovative design, as well as the exceptional pre-sale and post-sale support, factors that have positioned the company as the undisputed global leader in its market. The integration of Fiora with Royo will allow the Group to continue developing its R&D activity, international expansion and growth. The company will also benefit from becoming part of an international leading specialist in bathroom furnishings”.


Raúl Royo, CEO Royo said: “The integration of Fiora is a major corporate milestone in our ONE 2020 strategy. It strengthens our position as the European market leader and complements our channel and brand strategy that we began to roll out some years ago, a strategy that has been key to our considerable growth in Europe. The integration also heralds our move into a new product category – shower trays and panels –, allowing us to offer a wide range of shower and bath furnishing solutions. Our aim is to become the preeminent player in the European bathroom sector in the next few years”.


José Barrio, one of the Fiora founders stated: “The entire Fiora team is both delighted and enthusiastic at the prospect of being part of Royo’s growth strategy supported by H.I.G., while retaining our identity, team and premium brand image. The complementary nature of our products and markets will enable us to bolster the growth already seen over the past decade and strengthen our competitive position. We are certain our employees, suppliers and sales network will support us on this new venture”.

About Fiora
Headquartered in Nájera (La Rioja, Spain), Fiora is Europe’s leading manufacturer of resin shower trays. The company also makes and distributes resin panels, bathroom furnishings, radiators and accessories. Fiora was established in the 1980s and was owned by its four founding partners until its integration into the Royo Group. Its success has been built on innovation in the design of new bathroom materials, such as resins. Fiora’s primary facilities are located at Nájera in La Rioja, Spain, where manufacturing is set to continue. The facilities span a total of 26,000 square metres and are equipped with cutting-edge technology. For more information, please refer to the Fiora website:

About Royo
The Royo Group has its roots in the partnership established among various members of the Royo family, the original founders and owners of the business with a track record dating back 45 years. The group aims to strengthen its position in the European market for bathroom products and to step up its internationalisation plans to become the leading independent player in the European bathroom sector. RGIB currently has factories in Spain, Poland and Mexico, as well as sales operations in the United States and India. The company operates in over 60 countries on 5 continents.

Royo is the only Valencia-based company – and one of just a handful in Spain – to be invited to join Smart Eureka, a cluster of smart European 4.0 companies. Being asked to join the Smart Eureka initiative is one of the main milestones in RGIB’s new expansion phase until 2020. The Spanish Government, through the Ministry of Industry, recently added the group to its “Cre100do” programme, an initiative launched by foreign trade body ICEX, Bankinter and the Círculo de Empresarios that aims to help 100 Spanish companies grow to become large businesses over the next 5 years. For more information, please refer to the RG website:

About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with over €20 billion of equity capital under management*. Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Mexico City and Rio de Janeiro, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:

  1. H.I.G.’s. equity funds invest in management buyouts, recapitalisations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
  3. H.I.G.’s real assets funds invest in value-added properties, which can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of €28 billion. For more information, please refer to the H.I.G. website at

H.I.G. European Capital Partners Spain is a legally independent advisor to H.I.G. Capital LLC, H.I.G. Europe Capital Partners, L.P. and H.I.G. Europe Capital Partners II, L.P.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.

Categories: News

Gimv invests in FIRE1, a medtech company developing a connected novel heart monitoring solution


Gimv today announced a EUR 7 million investment in Ireland-based The Foundry Innovation and Research 1, Ltd. (FIRE1), a medtech company that is developing a connected monitoring solution to improve outcomes for people suffering from an increased risk of heart failure.This investment is part of a Series C financing of in total EUR 40 million from a strong syndicate of specialised investors, led by new investor Gilde Healthcare, with the participation of new investors Gimv and Seventure as well as all existing investors.

FIRE1 ( is the 15th medical device company and the 1st European spin-out from The Foundry, a successful Menlo Park, California-based medical device company incubator. FIRE1’s first product is a novel remote monitoring solution to improve outcomes for patients suffering from an increased risk of heart failure. Early detection enables a timely intervention and adjustment of pharmacotherapy, the Us avoiding hospitalisation, improving quality of life and lowering health care costs.

FIRE1 is led by an experienced medical devices team working closely with researchers, clinicians, patients and payers to help reduce the burden of heart failure.

Patrick Van Beneden, Partner in Gimv’s Health & Care platform, on this transaction: “We are very pleased to be involved in FIRE1, a company with an experienced team That is developing a new monitoring device for heart failure. This is a market with growing unmet needs, as cardiac disease is currently the world’s leading cause of death. This financing represents one of the bigger medtech transactions in Europe over the last months and is supported by an outstanding investor syndicate.”

The current financing, in which existing investors New Enterprise Associates, Lightstone Investors and Medtronic are also participating, will be used to complete a first-in-human study as well as for the submission of an IDE.


Gimv is a European investment company with almost 38 years’ experience in private equity and venture capital. Listed on Euronext Brussels, Gimv currently manages around 1.6 billion EUR (including co-investment partnerships) of investments in about 50 portfolio companies.

As a recognized market leader in selected investment platforms, Gimv identifies entrepreneurial and innovative companies with high-growth potential and supports them in their transformation into market leaders. Gimv’s four investment platforms are: Connected Consumer, Health & Care, Smart Industries and Sustainable Cities. Each of these platforms works with a skilled and dedicated team across Gimv’s home markets of the Benelux, France and Germany and can count on an extended international network of experts.

More information on Gimv can be found on

For further information please contact:

Patrick Van Beneden, Partner in Gimv’s Health & Care platform

T +32 3290 2136 –


Frank De Leenheer, Investor Relations & Corporate Communications Manager

Gimv T +32 3 290 22 18 –


Categories: News


Blackstone-Led Consortium Announces Partnership Agreement with Thomson Reuters for Financial & Risk Business


New York, January, 30, 2018 – A consortium led by Blackstone (NYSE: BX) today announced that private equity funds managed by Blackstone (“Blackstone”) – together with Canada Pension Plan Investment Board (“CPPIB”) and GIC – have entered into a partnership agreement with Thomson Reuters (TSX / NYSE: TRI) for Thomson Reuters’ Financial & Risk (F&R) business. Under the partnership agreement, the Blackstone-led consortium will own 55 percent of the equity in a new corporation created to hold the F&R business and Thomson Reuters will retain a 45 percent equity stake, at an overall valuation of US$20 billion.

Thomson Reuters F&R is a world-leading data and financial technology platform that provides critical information and data analytics, enables financial transactions, and connects communities of trading, investment, financial and corporate professionals. It also provides leading regulatory and risk management solutions to help customers anticipate and manage risk and compliance.

Martin Brand, a Senior Managing Director at Blackstone, said: “We are excited to partner with Thomson Reuters – one of the most trusted companies in financial technology. The F&R division has tremendous assets, including a world-leading data business, essential risk and compliance solutions, OTC trading venues, wealth management software, and a strong desktop business. The partnership with Blackstone provides an opportunity to increase efficiency and accelerate revenue growth through innovation and focus on creating uniquely compelling products for F&R’s customers.”

Joe Baratta, Blackstone’s Global Head of Private Equity, said: “We are delighted to partner with Thomson Reuters in continuing to grow the Financial and Risk business. This is a landmark transaction for Blackstone and our investment partners.”

Ryan Selwood, Managing Director & Head of Direct Private Equity, CPPIB, said: “This investment in F&R will broaden our portfolio in the growing financial technology space. We are very pleased to support the evolution of a global market leader.”

Choo Yong Cheen, Chief Investment Officer of Private Equity at GIC, said: “As a long-term value investor, we believe this business transformation will enable F&R to focus on its core customer base and be in a strong position to continue delivering innovative products to the market.”

Reuters News will continue to remain a part of Thomson Reuters and will not be included in the assets being acquired. The new F&R will enter into a 30-year contract for the exclusive rights to distribute Reuters News through all F&R products. Reuters News will continue to have complete editorial independence from F&R and Thomson Reuters, as it does today.

Canson Capital Partners, BofA Merrill Lynch, Citigroup, and J.P. Morgan are acting as financial advisors to the Blackstone-led consortium, and Simpson Thacher & Bartlett LLP is acting as legal counsel to the Blackstone-led consortium. Debt financing related to the transaction is being provided by J.P. Morgan, BofA Merrill Lynch, and Citigroup. Dechert LLP is acting as legal counsel to GIC.

Matteo Canonaco, co-founder of Canson Capital Partners, said: “We are delighted to advise the Blackstone-led consortium on a transaction that epitomizes the positive role that private equity can play by teaming up with major corporations and enabling them to achieve mission-critical strategic objectives.”

The transaction is expected to close in the second half of 2018.

About Blackstone
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with over $385 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at Follow Blackstone on Twitter @Blackstone.

Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits on behalf of 20 million contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, São Paulo and Sydney, CPPIB is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At September 30, 2017, the CPP Fund totalled C$328.2 billion. For more information about CPPIB, please visit or follow us on LinkedIn, Facebook or Twitter.

About GIC
GIC is a leading global investment firm established in 1981 to manage Singapore’s foreign reserves. A disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including equities, fixed income, private equity, real estate and infrastructure. In private equity, GIC invests through funds as well as directly in companies, partnering with its fund managers and management teams to help world class businesses achieve their objectives. GIC has investments in over 40 countries and has been investing in emerging markets for more than two decades. Headquartered in Singapore, GIC employs over 1,400 people across 10 offices in key financial cities worldwide. For more information on GIC, please visit

About Thomson Reuters
Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. For more information, visit or

Blackstone Media Contact
Matt Anderson
Senior Vice President, Global Public Affairs
T: 212 390 2472

CPPIB Media Contacts

Mei Mavin
Director, Global Corporate Communications
T: +44 203 205 3406

Dan Madge
Senior Manager, Media Relations
T: +1 416 868 8629

GIC Media Contacts

Ms Mah Lay Choon
Senior Vice President, Communications
T: +65 6889 6841

Ms Wendy Wong
Senior Vice President, Communications
T: +65 6889 6928 


Categories: News


Valmet Automotive Strategy and Leadership Transition


In 2017 Valmet Automotive took significant steps in transforming from a Finland-based vehicle manufacturing business to a service provider with a broad offering to the automotive industry: a company with a special focus on electric vehicles and a strong presence in Central Europe, close to its key customers. While vehicle manufacturing continues to be a core element in Valmet Automotive’s strategy, the company is putting more emphasis on growth from new areas such as automotive engineering and battery pack supply. This complements its vehicle and roof manufacturing businesses.

In January 2017 Valmet Automotive entered into a partnership focused on electronic automotive solutions with Contemporary Amperex Technology Limited (CATL), a leading global provider of battery and energy storage solutions. This was followed in February 2017 by the acquisition of an automotive engineering company in Germany employing approximately 800 people in locations next to the leading OEMs. Following this expansion Valmet Automotive now employs circa 1,000 engineers in Europe.

The aim of building up a strong engineering team and the CATL partnership is to move Valmet Automotive closer to its key customers and become a significant European player in the rapidly evolving and fast growing electric vehicle domain. Our goal is to support the European automotive OEMs, their suppliers and selected industrial customers by engineering electric vehicle drive train solutions, integrating them into vehicles and supplying batteries. The unique assets of Valmet Automotive also offer the capability to support complete vehicle engineering, the manufacturing of vehicles and automotive roof solutions.

In vehicle manufacturing Valmet Automotive has successfully built a strong relationship with Daimler through manufacturing both the A-class car and GLC SUV in high volumes in Uusikaupunki, Finland. During 2017 Valmet Automotive manufactured a record number of vehicles. This followed the successful completion of our biggest ever recruitment campaign and extensive development of the Uusikaupunki plant. It is now the largest single site factory operation in Finland, employing over 4,000 people. Such a steep ramp-up of operations in Uusikaupunki did not produce, due to operational issues, the financial results expected. However, Valmet Automotive did manage to deliver more cars to Daimler than they had initially expected. The partnership with Daimler sets a new milestone during 2018 as Valmet Automotive starts manufacturing an as yet unrevealed new Daimler car.

In order to realize the full potential of the Valmet Automotive’s updated strategy and new assets, the Board of Directors has decided to initiate a leadership transition. CEO Ilpo Korhonen steps down from his position January 29, 2018 and leaves the company February 28, 2018. The search for the new CEO is ongoing and in the interim the General Counsel, Minna Huhtaniska, will take on the Managing Director responsibilities of Valmet Automotive’s parent company.

– Valmet Automotive has gone through a significant transformation during the recent past. While the 2017 financial results are not satisfactory, the company has grown into a meaningful European player with expanded business scope and strong capabilities not only in Finland but also in Germany and Poland. We have the keys to the future in our own hands. In order to ensure successful execution of the strategy the Board has concluded that it is the right time to make a leadership transition, says Mr. Jarkko Sairanen, Chairman of the Board, Valmet Automotive.

– I am very proud what we have done over the decades at Valmet Automotive. The company has great talent and it has been a true honor to be part of our journey. I wish Valmet Automotive all the best in realizing its strategy and building the company into a true international player with a significant role in transforming the industry towards electric vehicles, says Mr. Ilpo Korhonen, departing CEO, Valmet Automotive.

– The entire Board and the employees of Valmet Automotive want to thank Ilpo Korhonen very warmly for his 30-years contribution through several roles and in particular for his very strong dedication to the company throughout the years, continues Mr. Jarkko Sairanen, Chairman of the Board, Valmet Automotive.

The owners of the company, Pontos, Tesi and CATL support Valmet Automotive’s measures in implementing the strategy.
– Valmet Automotive is in excellent position to become an increasingly important part of the European automotive industry through the electrification of mobility, says Mr. Timo Kokkila, CEO, Pontos.

Further information:
Jarkko Sairanen, Chairman of the Board
Requests for interviews through assistant Terhi Toivari +358 40 733 6929

Timo Kokkila, CEO, Pontos Oy
+358 10 239 6359

Jussi Hattula, Director, Growth & Industrial Investments, Tesi
+358 40 066 9955
@TesiFII / @jussiha


Valmet Automotive is an experienced provider of automotive engineering, vehicle manufacturing, battery systems and convertible roof systems. Our special areas of expertise are premium cars, electric vehicles and convertibles. We employ 5500 professionals in Finland, Germany, Poland and Spain. and Facebook, LinkedIn, Twitter, YouTube


Categories: News


Partners Group sells stake in Japan Solar, a 610MW platform of Japanese solar power assets

Partners Group logo

Partners Group, the global private markets investment manager, has sold its stake in Japan Solar, a 610MW platform of Japanese solar power assets, on behalf of its clients. The stake was sold to a consortium led by Global Infrastructure Partners (“GIP”), generating a blended gross return of 3.2x on the original investment for Partners Group’s programs.

Partners Group invested alongside Equis Group to acquire its initial stake in Japan Solar in 2013, shortly after the Japanese government introduced a Feed-in Tariff to encourage investment in the renewable energy sector. Partners Group and others invested an initial USD 250 million to fund the construction of utility-scale power plants across the country. Japan Solar partnered with Nippon Renewable Energy, today one of Japan’s largest independent solar utility businesses, to support the build-out of the platform. Partners Group made a further equity investment into Japan Solar during the holding period, making it the largest shareholder in the platform.

At the time the sale to GIP was agreed, Japan Solar consisted of 27 secured projects totaling more than 610MW of capacity, of which over 200MW was operational and contracted into long-term power purchase agreements with Japanese electric utility companies. It is estimated that once Japan Solar’s secured projects become operational, they will generate enough energy to power around 133,000 households.

Benjamin Haan, Partner, Head of Private Infrastructure Asia, Partners Group, comments: “Japan Solar was a timely project and we are delighted to have contributed to the build-out of Japan’s renewable energy production capacity. The successful sale of our stake in Japan Solar ahead of our original exit timeline provides an attractive return to our clients and endorses our strategy of platform-building in markets supported by transformative trends.”

The sale of its holding in Japan Solar is Partners Group’s third announced infrastructure exit this month on behalf of its clients. Earlier in January, Partners Group announced it had agreed to sell its ownership stake in Silicon Ranch Corporation, a leading developer, owner and operator of solar energy facilities in the US, to Shell. The firm also sold its ownership stake in the Victorian Comprehensive Cancer Centre, a cancer research, treatment and education centre in Melbourne, Australia, to AMP Capital’s Community Infrastructure Fund.

Categories: News


EURAZEO Invests in CONTENTSQUARE to back its development in Europe and the U.S.

No Comments


Eurazeo has announced its acquisition of aminority stake in ContentSquare through its Eurazeo Croissance division. ContentSquare is a leader in web and mobile customer experience analytics in SaaSmode. Together with Canaan and Highland Europe, Eurazeo Croissance raised $42 million in funds to pursue the company’s development in Europe and the U.S.

In France, ContentSquare has pioneered the analysis of user behavior in terms of websites and applications. Brands can therefore boost their mobile, web and appconversion rates and significantly increase sales using the company’s expertise.

Launched in 2012, ContentSquare now has 120 clients, analyzes user data in191 countries and has recruited over 200 employees thanks to an annual revenue growth rate of 100% to 200%. ContentSquare had previously raised $20 million in the fall of 2016, enabling it to expand its international reachwith offices now established in four countries(Germany, the United States, France and the United Kingdom).

The ContentSquare platform provides brands with strategic user browsing data on a daily basis in order to notify them of web, mobile and application component performance, make optimization decisions and improve conversion. Used by e-merchants, marketing teams and UX specialists, ContentSquare’s goal is to become a fully automated digital experience optimization platform that will lead the field via the development of artificial intelligence technology.

As a new shareholder, Eurazeo fully supports the ambition and vision of ContentSquare and will provide its network and all its corporate and digital expertise to further the company’s success.

Yann du Rusquec, Managing Director of Eurazeo Croissance, declared: “It is with tremendous enthusiasm that we buy into the capital of ContentSquare, a company we’ve long admired. A pioneer in the booming user experience market, ContentSquare’s spectacular development in Europe and the U.S. seems unlimited. For Eurazeo Croissance, the investment represents an extraordinary long-term opportunity to back a success story whose influence knows no border.”

Jonathan Cherki, Chairman and Founder of ContentSquare, added: “The purpose of ContentSquare is to help businesses understand how and why clients interact with their website, telephone and applications. Using this data, our primary objective is to enhance the consumer digital experience and of course boost our clients’ sales.

By creating innovative technologies that improve and automate digital Experience analytics, and contracts with the world’s leading brands and retailers,we are rapidly becoming the secret weapon of digital teams. This capital round will bolster the value we provide our clients, and we’re delighted to announce our continuing development.


About ContentSquare

ContentSquare is a user experience analytics and optimization platform for brands that wish to understand how users interact with their websites, mobile technologies and applications. In addition to grasping and analyzing user intentions, the digital teams are able to make decisions driven by client knowledge to optimize clickstream data thanks to an easy-to-use platform that features an automatic recommendations tool based on artificial intelligence.

Founded in 2012, ContentSquare has over 200 clients worldwide, including, L’Occitane, Walmart, Priceminister, and Orange. ContentSquare has offices in Paris, London, New York andMunich.


About Eurazeo

With a portfolio of approximately €8 billion in assets under management, Eurazeo is a leading global investment company with offices in Paris, Luxembourg, New York, Shanghai and Sao Paulo. Its purpose and mission is to identify, accelerate and enhance the transformation potential of the companies in which it invests.

The firm 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, and flexible investment horizon enable Eurazeo to support its companies over the long term. As a global long-term shareholder, the firm offers deep sector expertise, a gateway to global markets nd a stable foothold for transformational growth to the companies it supports.

Eurazeo is listed on Euronext Paris.

ISIN: FR0000121121

Bloomberg: RF FP

Reuters: EURA.PA


Categories: News


EQT Mid Market to sell I-MED Radiology Network to Permira


  • EQT Mid Market to sell diagnostic imaging service company I-MED Radiology Network to the Permira funds
  • EQT Mid Market invested in I-MED in April 2014 together with Singaporean Sovereign Wealth fund GIC and Caisse de dépôt et placement du Québec, one of Canada’s leading institutional fund managers
  • During EQT Mid Market’s ownership, I-MED has had substantial organic growth, increased scale through multiple add-on acquisition, invested significantly in new equipment and technology and enhanced operating efficiency

The EQT Mid Market fund (“EQT Mid Market”) has, together with co-investors, entered into an agreement to sell I-MED Radiology Network (”I-MED” or “the Company”) to a company backed by the Permira funds.

I-MED is the leading diagnostic imaging service provider in Australia with 204 clinics and performs almost five million procedures per year. During EQT Mid Market’s ownership, the Company has grown the number of fully owned clinics with more than 30% and the number of radiologist by more than 25%. I-MED has during the last three years further strengthened its market position in Australia and for 2017 generated revenues of almost AUD 700 million. I-MED has a strong and dedicated staff with over 3,500 employees, including more than 300 radiologists who serve over 30,000 referrers in the growing healthcare market in Australia.

  • During the ownership of EQT Mid Market, I-MED has successfully enhanced its business on multiple fronts:
  • Achieved strong organic growth through establishing new clinics and entering new hospital contracts
  • Successfully completed a number of value accretive add-on acquisitions
  • Made significant investments into equipment, new technology and people
  • Implemented strategies for further enhancing the customer experience

Steven Rubic, CEO of I-MED, said: “We are proud to have been part of EQT, one of the world’s most respected global investment firms, with a strong experience within the healthcare sector. EQT have supported I-MED’s growth focused strategy and their ownership approach has provided us with a solid foundation for I-MED’s further growth.”

Fredrik Åtting, Partner at EQT Partners, Investment Advisor to EQT Mid Market, added: “We are very impressed by I-MED’s management, doctors and staff for the professional and consistent service they provide to the Australian healthcare system. Through a combination of organic and inorganic growth, I-MED has evolved into the undisputed market leader in Australia. It has been a privilege to support I-MED’s management team under the leadership of Paul McClintock and Steven Rubic.”

The transaction is expected to close in Q1 2018.

Morgan Stanley acted as financial advisor and Herbert Smith Freehills as legal advisor to EQT Mid Market.

Fredrik Åtting, Partner at EQT Partners, Investment Advisor to EQT Mid Market, +49 892 554 9950

EQT Press Contact, +46 8 506 55 334

About EQT
EQT is a leading alternative investments firm with approximately EUR 38 billion in raised capital across 25 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.

More info:

About I-MED
I-MED is one of the world’s leading diagnostic imaging providers. It was formed in 2000 and offers comprehensive and high-quality services including X-ray, PET, CT, MRI, Nuclear Medicine, Ultrasound, Mammography and Interventional Procedures. Across Australia, I-MED operates 204 clinics covering all major metropolitan areas and significant parts of rural Australia. Each year almost 5 million patient procedures are performed by I-MED’s more than 300 radiologists, 50 nuclear medicine physicians, and 3,500 staff.

More info:

Categories: News


Spiral Binding acquires Bindomatic


Spiral Binding LLC (“Spiral”) has acquired binding efficiency experts Bindomatic Holding AB (“Bindomatic”) from Valedo Partners Fund I AB (“Valedo”). Valedo invested in Bindomatic in 2008 and has since devoted significant resources to expand direct sales and increase operational efficiency.

Bindomatic is established as a global market leader in offline thermal binding solutions. The company is headquartered in Stockholm, Sweden and operates own subsidiaries in USA, Germany, Portugal and Belgium. Through close co-operation with distributors the company’s products are offered globally.

“Bindomatic has achieved a stable and consistent growth over several years with direct sales growing more than 40% since 2011 supported by; investments in our sales force, launch of the Accel machine series with market leading Drop & Go-efficiency and strengthened production set-up. We believe that Spiral’s established reach to major corporations, small to mid-sized businesses, printers, facility management organizations, as well as the U.S. government and education markets will be a tremendous boost to Bindomatic’s customer base. By combining our market-leading products with their vast network, we are in a great position to transform the binding industry with new, more efficient technology.” says Göran Tolf, CEO, Bindomatic.

The terms and conditions of the transaction are not disclosed.

About Valedo:
Valedo is an independent Swedish investment company investing in high-quality small/mid cap companies in the Nordic region. Valedo is focusing on companies with clear growth and development potential where Valedo can actively contribute to and accelerate the companies’ development. Being an active owner and contributing both capital and industrial experience, Valedo ensures that a company can achieve its full potential.

About Bindomatic:
Bindomatic is a Swedish corporation and technology-leading manufacturer of best-in-class document binding solutions, doing business on a global scale for over 40 years through a vast distributor network as well as wholly-owned subsidiaries. The group is dedicated to providing top-quality business solutions for professional document finishing. They continue to strive to be the world leaders in off-line finishing by supplying best-in-class binding machines as well as unmatched quality with a variety of covers and supplies.

About Spiral:
Spiral is a leading manufacturer and worldwide distributor of a diverse line of print-finishing, graphic-arts, and presentation products and services. Spiral maintains a highly qualified team of professionals that provides solutions to match any area of need for supplies and equipment in binding, laminating, paper handling, photo finishing, and custom imprinting services. Spiral is also the exclusive global manufacturer and distributor for the Pinchbook™ photobook and Silver Linings™ Self-Adhesive Photo Panels.


Categories: News