Oncgnostics reaches the funding limit on seedmatch of € 750,000 early

BM-T

Oncgnostics GmbH has reached the funding limit of € 750,000 on the crowdfunding platform seedmatch 39 days before the end of the campaign. The first funding threshold of € 100,000 was already reported 2.5 hours after the start of the seedmatch campaign on 14 December 2017.

The company is a spin-off of the Gynecological Clinic of the University of Jena and develops – based on patented epigenetic markers – highly reliable molecular biology tests for early diagnosis, treatment decision and follow-up in cancer diagnostics.

With the raised crowd investment, oncgnostics will promote the positioning and marketing of the product GynTect® in the European and North American markets. Additionally further studies will be performed to reach a broad acceptance of GynTect® with the health insurance companies.

http://www.oncgnostics.com/?lang=en

 

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Silver Lake and Weld North Education Announce Strategic Partnership

KKR

Investment to Advance Weld North’s Mission to Provide the Most Innovative and Effective Digital Curriculum to Students, Teachers and Administrators Across America

NEW YORK, Jan. 4, 2018 /PRNewswire/ — Silver Lake, the global leader in technology investing, announced today that it will acquire a majority stake in Weld North Education (WNE), a leading digital education technology company focused on developing digital curriculum and tools for preK-12th grade. Silver Lake’s investment will help WNE accelerate its long-term growth initiatives to serve the rapidly changing technology demands for educating preK-12 students. Jonathan Grayer, Chairman and CEO of Weld North, will continue to lead the company, which is being sold by its prior majority owner, KKR. Terms of the transaction were not disclosed.

Founded in 2010 as a partnership between Grayer and KKR, Weld North Education seeks to redefine the capability of digital learning curricula to improve student outcomes. Beginning with its acquisition of e2020 in July 2011 (later renamed Edgenuity) and further advanced with the purchase of Imagine Learning, WNE has invested substantially into both SaaS platforms to adapt to every student’s evolving learning needs. Edgenuity’s vast K-12 online curriculum, supplemental material and instructional services are deployed at nine of the top 15 school districts in the U.S. Imagine Learning’s leading animation-driven language and literacy software improves how elementary students learn English in districts across the country.

Weld North LLC’s other platform companies, Performance Matters and The Learning House, are not included in the Silver Lake transaction.

“Since inception, our focus at Weld North, in partnership with KKR, has been to create an important preK-12 digital curriculum platform that would improve a teacher’s ability to educate and a student’s ability to learn. By adapting to the strengths and weaknesses of a student in real time, digital curricula can improve learning outcomes more quickly than print and legacy methods,” said Jonathan Grayer, CEO of Weld North.

“I’m enormously proud of what our team has accomplished so far. We are recognized as a market leader in both the number of schools that use our products – over 3,000 school districts – and in the way we have innovated to maximize the power of digital curricula,” Mr. Grayer added. “Our new relationship with Silver Lake represents the next important phase of our growth strategy as we partner with another world-class firm, one particularly well-known for its ability to help scale technology businesses. We are excited about what this can all mean for students, educators and parents.”

“Jonathan and his world-class management team have built an exciting platform at the vanguard of preK-12 digital learning, harnessing the power of technology to bring the highest quality education to America’s schools,” said Greg Mondre, Managing Partner of Silver Lake. “We look forward to working alongside Jonathan and his team, including supporting them with additional growth capital, as they execute on Weld North’s vision to build the market leader in preK-12 digital education.”

“KKR’s partnership with Jonathan Grayer and his team in building Weld North has been gratifying both in terms of financial results and societal impact,” said Richard Sarnoff, Head of KKR’s Media and Communications industry team. “Educating students remains mission critical for our country’s long-term vitality, and Weld North’s digital curriculum platform – unique for preK-12 – has delivered exceptional and sustainable value to students and educators in districts across the U.S. We are excited to see Silver Lake invest in the business for its next stage of growth, and wish the firm great success in its future work with Weld North Education.”

Macquarie Capital and Centerview Partners acted as the financial advisors to Weld North and KKR in the transaction, while Latham & Watkins LLP acted as the companies’ legal advisor. Ropes & Gray LLP acted as legal advisor to Silver Lake in the transaction.

About Silver Lake
Silver Lake is the global leader in technology investing, with about $39 billion in combined assets under management and committed capital and a team of approximately 100 investment and value creation professionals located in Silicon Valley, New York, London, Hong Kong and Tokyo. Silver Lake’s portfolio of investments collectively generates more than $140 billion of revenue annually and employs more than 300,000 people globally. The firm’s current portfolio includes leading technology and technology enabled businesses such as Alibaba Group, Ancestry, Broadcom Limited, Cast & Crew, Ctrip, Dell Technologies, Endeavor, Fanatics, Global Blue, GoDaddy, Motorola Solutions, Red Ventures, Sabre, SoFi, SolarWinds and Symantec. For more information about Silver Lake and its entire portfolio, please visit www.silverlake.com.

About Weld North
Weld North operates a platform of digital and SaaS educational solution businesses and makes control investments in high potential businesses in the education industry. By attracting highly motivated and distinctly talented professionals, Weld North looks to accelerate growth through an obsessive focus on enhancing the customer experience, operational excellence, marketing expertise and disciplined financial management.

About KKR
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit and, through its strategic manager partnerships, hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside its partners’ capital and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

Cision View original content:http://www.prnewswire.com/news-releases/silver-lake-and-weld-north-education-announce-strategic-partnership-300577463.html

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Vaaka Partners sells Ovenia

VAAKA PARTNERS SELLS OVENIA, THE LEADING FINNISH REAL ESTATE MANAGEMENT SERVICES COMPANY, TO COLLIERS INTERNATIONAL

Ovenia is the leading property management service provider in the Finnish market. The company offers real estate management related services for shopping centers, business premises and residential property owners and users with nationwide operations. Today, Ovenia has an annual turnover of over 45 million euro and it operates from 26 locations. Customers are served by over 500 real estate professionals who provide property and residential management services, technical, environmental and energy efficiency services, and commercial leasing.

”It has been a great journey to take part in developing Ovenia into a leading player within property management in Finland. We are very satisfied to see that we have found a new strong international owner for Ovenia that will continue to develop the company in its following development phase. During our ownership, Ovenia has tripled in size and developed into a full scope property management company serving all real estate customer segments with a broad service offering”, comments Ilkka Hietala, Partner at Vaaka Partners.

“This acquisition represents an important milestone in our Nordic and Pan-European growth strategy,” said Chris McLernon, Colliers International EMEA CEO. “Our clients have been asking us to strengthen our presence in the Nordics for some time and with this investment, we enter the market as the undisputed leader. Our new business in Finland also enhances our existing property and asset management platform throughout the Nordics and wider EMEA region.”

“With a shared culture of service excellence together with the best professionals in the property management industry, we have created an industry leader in Finland,” said Sirpa Ojala CEO of Ovenia. “We currently manage a property portfolio of more than ten million square meters and offer a wide range of best-in-class property management and advisory services to blue-chip clients. Our entire leadership team is excited to be joining Colliers International and to take advantage of their additional resources, unique entrepreneurial culture and ability to serve clients both locally and globally,” she concluded.

About Ovenia

The Ovenia Group is Finland’s leading provider of property and real estate management services and leasing services. The Group comprises Ovenia Oy, Ovenia Isännöinti Oy and Realprojekti Oy. The Ovenia Group is responsible for the maintenance of 19 shopping centres and 1,500 business premises, and the administration of over 50,000 apartments. All services are provided in accordance with the ISO 9001 certification for property management. Ovenia Group operates in 26 localities across Finland and employs over 500 property professionals. www.ovenia.fi, www.realprojekti.fi

About Colliers International Group Inc.

Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

 Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that helps clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm. Colliers also has been ranked the top property manager in the world by Commercial Property Executive for two years in a row.
For the latest news from Colliers, visit
Colliers.com or follow us on Twitter (@Colliers) and LinkedIn.

More information:

Ilkka Hietala, Partner, Vaaka Partners, mobile: +358 50 358 6929, ilkka.hietala@vaakapartners.fi 
Sirpa Ojala, CEO, Ovenia, mobile: +358 40 566 3466, sirpa.ojala@ovenia.fi

 

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Apax Digital leads $60 million funding round in SoYoung

Apax Digital

Apax Digital’s backing of China’s leading online marketplace for aesthetic medical treatments is the Fund’s second investment 

New York and London, 3 January 2018 – Apax Digital (“the Fund”) has today announced that it has led the $60 million Series D funding round in SoYoung, the largest online marketplace for aesthetic medical treatments in China. Through SoYoung’s native app and websites, customers can research aesthetic medical treatments, doctors, and clinics, and can directly book procedures with participating providers. Apax Digital was joined in the funding round alongside new and existing investors.

The Chinese aesthetic medicine market is large and growing, driven by favourable socio-economic, demographic, and cultural trends. Against this backdrop, SoYoung, founded in 2013 and headquartered in Beijing, has experienced impressive growth and market share gains, driven by its strong value proposition connecting consumers and providers. The new funding will be used to continue to drive marketplace improvements, geographic expansion, and customer acquisition.

Jin Xing, CEO of SoYoung, said: “We are delighted to welcome Apax Digital as a partner and investor in our business. Apax Partners’ extensive track record in digital marketplaces, experience in healthcare investment, leading Chinese market presence, and proven operating team made it the ideal partner for our business as we continue to bring our app and services to a greater number of consumers. We look forward to working with Apax Digital as we move into the next phase of our growth.”

Marcelo Gigliani, Managing Partner of the Apax Digital team, said: “We have been very impressed with the strong value that SoYoung brings to both consumers and clinics, and with the company’s world-class traffic growth, engagement, and monetization model. We are eager to leverage our experience investing in digital marketplace businesses by partnering with Jin Xing and his team to continue SoYoung’s market leadership expansion over its next exciting growth phase.”

Richard Zhang, Partner and Head of Apax Greater China, said: “Apax Partners has long been actively involved in the Chinese market. With the completion of SoYoung, Funds advised by Apax Partners (“the Apax Funds”) have invested c.$400m in China during 2017. We are very pleased to work alongside Apax Digital with this investment; SoYoung is a leading player in a market with huge growth potential.”

The investment in SoYoung constitutes the eighth digital marketplace investment by the Apax Funds. Prior recent digital marketplace investments include Auto Trader (UK), Boats Group (US), idealista (Spain), SouFun (China), and Trader Corporation (Canada).

The investment also follows the announcements last month of Apax Digital’s successful raising of its $1 billion fund, which reached its hard cap, and its first investment – in Moda Operandi, a leading, multi-brand luxury ecommerce business known for selling runway apparel on an exclusive basis.

About Apax Digital
Apax Digital is a $1 billion fund raised in 2017 focused on minority and buyout investments in high-growth enterprise technology and internet companies globally.  Advised by Apax Partners, a global private equity firm, Apax Digital’s investments are focused on subsectors where Apax Partners has expertise, including vertical software, data & analytics, tech-enabled services, marketplaces, digital media, and disruptive e-commerce. For further information about Apax Digital, please visit http://digital.apax.com.

Over its more than 35-year history, Apax Partners has raised and advised funds with aggregate commitments of $51 billion*. These funds provide long-term equity financing to build and strengthen world-class companies. For further information about Apax Partners, please visit http://apax.com.

* Funds raised since 1981, commitments converted from fund currency to USD at FX rates as at 30 September 2017.

About SoYoung
Founded in 2013, SoYoung is the largest Chinese online medical aesthetic marketplace, allowing in-market consumers to research treatments, clinics, and providers, and book services directly through its proprietary platforms. The Company is a community-driven lead generation marketplace, comprised of user-generated reviews, rankings, videos, and other info about medical aesthetic treatments, doctors, and hospitals. For further information about SoYoung, please visit http://soyoung.com.

Media Contacts 

Apax Partners LLP – Global media inquiries
Andrew Kenny, Head of Communications
Tel: +44 20 7872 6371
Email: andrew.kenny@apax.com

Apax Partners LLP – NorAm and LatAm media inquiries
Todd Fogarty
Tel: +1 212 521 4854
Email: todd.fogarty@kekst.com

Apax Partners LLP – EMEA media inquiries
Greenbrook Communications
James Madsen, Matthew Goodman, Annabel Clay
Tel: +44 20 7952 2000
Email: apax@greenbrookpr.com

SoYoung – Media inquiries
Mo Lv
Tel:  +86 10 5707 6564
Email: marketing@soyoung.com

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EQT Credit provides financing to support Spanish Metalcaucho

eqt

The EQT Mid-Market Credit fund (“EQT Credit”) today announces that it has provided a new financing solution to support the fund ABAC Solutions (SCA) SICAR (“ABAC”) and management’s investment in Metalcaucho (or the “Company”), a leader in non-OEM spare parts.

Headquartered in Barcelona, Spain, Metalcaucho is a leading automotive spare parts designer and distributor focused on rubber, plastic and metal parts for the independent automotive aftermarket, supplying over 12,500 SKUs across Europe. The new financing will support Metalcaucho with its strong organic and inorganic growth profile through continued product development and international expansion to consolidate its leading position further.

Alexandre Hökfelt, Director at EQT Partners’ Credit team, Investment Advisor to EQT Credit, commented: “Under ABAC’s ownership and with its exceptional management team and strong product offering, Metalcaucho has achieved significant growth and development in a short time period. EQT Credit is excited to support the Company and the management team as it continues its impressive track record of growth and expansion.”

Contacts:
Alexandre Hökfelt, Director at EQT Partners, Investment Advisor to EQT Mid-Market Credit, +44 7742 9069 12
EQT Press Office, +46 8 506 55 334, press@eqtpartners.com

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: www.eqtpartners.com

About EQT Credit
The EQT Credit platform, which spans the full risk-reward spectrum investing with three strategies: senior debt, direct lending and credit opportunities, has invested approximately EUR 4.0 billion across approximately 150 companies since inception in 2008.

For more information: www.eqtpartners.com/Investment-Strategies/Credit

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