Crem International continues its expansion with Welbilt as new owner

Priveq

2018-02-26 12:34

Priveq Investment Fund IV L.P. has together with the other owners of Crem International entered into an agreement to divest Crem International to Welbilt, Inc., a leading global provider of foodservice equipment listed on NYSE.

Crem International is a global company of recognized prestige in the production of professional coffee machines, adding more than 50 years of experience in the market and sales into more than 80 countries. Crem International develops, manufactures and markets coffee machines under three strong brands – Coffee Queen, Expobar and Spengler.

In 2012, Priveq invested as a majority owner in Crem International alongside with SEB Venture Capital, the founders Georg Möller and the Olaso family, and the management in Crem International led by the CEO Sebastian Lindström. Crem International has for the duration of Priveq’s ownership grown to a leading player in the market for professional coffee machines in all important segments.

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EQT strengthens position as a leading investor and owner – closes eighth Equity fund at EUR 10.75 billion

eqt

  • EQT VIII holds first and final close at EUR 10.75 billion hard cap (USD 13.2 billion)
  • Strong support for EQT’s responsible investment and ownership approach – growth, transformation and “future-proofing” of high-quality companies
  • Official launch of EQT VIII in September 2017 – less than six months in fundraising

EQT today announces that the eighth fund within the Equity investment strategy, EQT VIII (or the “fund”), held a first and final close at its hard cap of EUR 10.75 billion. The fund officially launched in September 2017.

Investor demand from both existing and new investors was strong with approximately 70% of the commitments to EQT VIII made by investors in the predecessor Equity fund, EQT VII.

“The successful fundraising of EQT VIII confirms the support for EQT’s investment and ownership approach. We are extremely proud to have earned investors’ trust and are fully committed to using EQT’s experience to find solid businesses with transformational potential. EQT seeks to create superior and sustainable value by improving companies with the support of EQT’s superb Industrial Network and the investment advisory teams at EQT Partners”, comments Christian Sinding, Head of the EQT Equity investment advisory team and Deputy Managing Partner at EQT Partners.

EQT VIII will continue the investment strategy of the previous EQT Equity funds. The Equity funds have a strong track record of “future-proofing” companies, on average their portfolio companies increased sales by 10% and earnings by 13% annually during such funds’ ownership. The fund will be deployed into high-quality companies with strong development potential using the EQT value creation toolbox, global platform, digitalization experience and proven governance model to drive performance. Through a thematic and sector-based approach, and by being local with locals, EQT intends to source unique investment opportunities in EQT VIII’s target markets. Investment opportunities will be sought primarily in Northern Europe, focusing on three core sectors, Healthcare, TMT and Services, as well as selectively investing in Industrial Technology and Consumer Goods.

When deploying the fund, EQT VIII will utilize the expertise of the Equity investment advisory team at EQT Partners, as well as the specialists from EQT’s independent Industrial Network.

Thomas von Koch, CEO and Managing Partner at EQT Partners, continues: “EQT VIII marks yet another milestone in our long-term strategy, manifesting EQT’s position as a leading global investment firm. With EQT’s vision of becoming the most reputable investor and owner, our strategy is to make EQT VIII the best possible home for companies poised for growth, as well as be a responsible corporate citizen in the societies where we operate.”

The fundraising was led by the in-house Investor Relations team within EQT Partners. Jussi Saarinen, Partner and Head of Investor Relations, says: “We are humbled by the confidence that the investors have in EQT and very pleased with the high quality of the fund’s investor base.”

EQT VIII is backed by a global blue-chip investor base including, among others, AP2, AP6, Ardian, Argentum, CNP Assurances, Daido Life Insurance Company, The Dai-ichi Life Insurance Company, Danske Bank Wealth Management, Elo, Fubon Life Insurance Company, GIC, GoldPoint Partners, HarbourVest Partners, Harel Insurance, Ilmarinen, Keva, The Andrew W. Mellon Foundation, Nan Shan Life Insurance Company, The New York City Retirement Systems, Northwestern Mutual Life Insurance, P+, Partners Group, PFA Pension, Sampension, Signal Iduna, Teacher Retirement System of Texas, Teachers’ Retirement System of the State of Illinois, TryghedsGruppen, Universities Superannuation Scheme and Varma.

Contacts:
Christian Sinding, Head of the EQT Equity investment advisory team and Deputy Managing Partner at EQT Partners, +41 44 266 6800
EQT Press Contact, +46 8 506 55 334

About EQT
EQT is a leading investment firm with approximately EUR 49 billion in raised capital across 26 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 – in short, future-proofing portfolio companies.

More info: www.eqtpartners.com

About the EQT VIII fund
EQT VIII is a EUR 10.75 billion fund that will target primarily control equity investments as well as significant influence investments in companies with strong market positions, significant potential for revenue and earnings growth, strong cash flows and a solid platform that can retain and attract high-quality management. EQT VIII will seek to make equity investments typically ranging between EUR 150 million and EUR 1,000 million. The geographical focus will primarily be Northern Europe and the fund will mainly focus on investments in the Healthcare, TMT and Services sectors.

The fundraising for EQT VIII has now closed. Accordingly, the foregoing should in no way be treated as any form of offer or solicitation to subscribe for or make any commitments for or in respect of any securities or other interests or to engage in any other transaction.

This press release is translated into multiple languages for information purposes only. In case of a discrepancy, this version shall prevail.

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Disposal of PARSHIP ELITE Group and Verivox

oakleycapital

Oakley Capital Private Equity II (“Fund II”) is pleased to announce it has reached an agreement to sell its 38.5% stake in PARSHIP ELITE Group (“PEG”) and 9.9% stake in Verivox to NuCom Group (“NuCom”), ProSiebenSat.1’s Commerce unit. The agreement is subject to approval by the responsible antitrust authorities.

PARSHIP ELITE Group

Following increased focus on the digital consumer sector, Oakley partnered with the management of Parship, the leading German online dating site, in April 2015. A combination of strong organic growth and the synergistic acquisition of premium matchmaker ElitePartner has resulted in EBITDA increasing by more than 3x since Fund II’s original investment.

In September 2016 Fund II sold a controlling stake in PEG to ProsiebenSat.1 valuing the business at €300m and returning €125.3 million to the Fund. Today NuCom is acquiring Fund II’s remaining 38.5% stake in PEG based on an enterprise value of €440 million.  Fund II will receive further gross proceeds of c.€138 million generating overall returns of 4.7x gross money multiple and a gross IRR of approximately 119% for Fund II.

Verivox

In a separate transaction, Oakley has also agreed to sell its remaining 9.9% stake in Verivox to NuCom at an enterprise value of €530 million marking the end of a long and successful relationship with the business.

Oakley originally partnered with Verivox, the online price comparison website, back in 2009 and sold a majority stake to ProSiebenSat.1 in August 2015. The partnership with ProSiebenSat.1 has helped drive further growth through media investment, with revenues more than doubling since 2014. Fund II will receive gross proceeds of c.€53 million, crystallising returns of approximately 2.5x gross money multiple and approximately 43% gross IRR for Fund II.

Peter Dubens, Managing Partner of Oakley Capital Private Equity, commented:

“The success of our digital consumer strategy continues. In this case we identified the lead players in developing local markets and combined with strong management teams have enjoyed impressive organic growth. In addition, Oakley facilitated ambitious and transformative M&A in combining Parship with ElitePartner shortly after our investment. Alongside ProSiebenSat.1 we have supported Verivox in their continued diversification into new product verticals and increased investment in offline advertising to drive revenue growth.

We would like to thank Tim Schiffers, Henning Rönneberg and Marc Schachtel at PARSHIP ELITE Group and Chris Öhlund at Verivox along with their respective management teams, as well as the team at ProSiebenSat.1. We wish them all the very best as they take the businesses forward to the next phase of growth.

The digital consumer sector remains a focus for Oakley and with our investments in Facile.it and Casa & atHome, we continue to build on our expertise in the area.”

 

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IK Investment Partners closes EUR 550 million Small Cap II Fund

ik-investment-partners

IK Investment Partners (“IK”), a leading Pan-European private equity advisory group, is pleased to announce that it has closed the IK Small Cap II Fund (“IK Small Cap II” or “the Fund”) at its hard cap of EUR 550 million. IK Small Cap II was substantially oversubscribed and allocated to existing IK platform investors.

The Fund is nearly double the size of IK’s maiden small cap fund, which closed at its hard cap of EUR 277 million in March 2016. IK Small Cap I Fund has invested in 12 companies of which three have been successfully realised to date.

IK Small Cap II will continue to target growing businesses in IK’s core markets within the Benelux, DACH, France, and the Nordics. The capital raised will be deployed by a dedicated team across IK’s regional offices in Amsterdam, Hamburg, Paris and Stockholm.

“We have always believed that the companies that fall into the size bracket of our Small Cap fund are the real growth drivers and job creators of the European economy. The continued confidence and support shown by our investors is a further testament to the importance of investing in this key part of the market and enabling companies to grow to the next level,” said Christopher Masek, CEO at IK Investment Partners.

“We saw an unprecedented level of investment opportunities in 2017 across a multitude of forward-thinking companies displaying enormous creativity and drive. We look forward to continuing to identify these future industry leaders and helping them reach their full potential”, said Kristian Carlsson Kemppinen, Partner and Responsible for IK Small Cap funds at IK Investment Partners.

Kirkland & Ellis acted as legal counsel to the IK Small Cap II Fund.

This press release is not an offer of securities for sale in the United States or any other jurisdiction and interests in the Fund may not be offered or sold in the United States or any other jurisdictions save in accordance with applicable law.

For further questions, please contact:

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

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €9.5 billion of capital and invested in over 110 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com

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Tieto acquires Petrostreamz to strengthen its position in the Upstream business of Oil & Gas

Viking venture

PetroStreamz, a Viking Venture portfolio company, is acquired by Tieto. 

Tieto has signed an agreement to acquire Petrostreamz, a rapidly growing provider of advanced software and services for integrated asset modeling (IAM) onshore and offshore. The acquisition further expands Tieto’s growing portfolio of advanced solutions and capabilities in the upstream business of oil and gas industry. Petrostreamz has 15 employees with offices in Houston, Dubai, Rio de Janeiro, London, Oslo and Trondheim.

Within the oil and gas industry, there is a clear agenda and a variety of initiatives on how to derive increased value from data. Over the last two decades, Tieto’s Energy Components (EC) has evolved extensively as more knowledge has been captured and new functional areas have been added to the product suite. Holding the official record of all production data in EC, Tieto is uniquely positioned and in continuous dialogue with its customers on how to increase the value from these data.

“This acquisition is a catalyst to our journey in becoming the leading supplier of Hydrocarbon Management Solutions, and will create significant added value for our existing customers within the oil and gas sector. Our ambition is to drive a compelling value proposition to customers in the industry, support their business renewal initiatives and create competitive advantages for them,” says Kaare Lunde, Vice President of Oil & Gas, Tieto.

Joining forces with Petrostreamz, Tieto is adding Pipe-It to its offering portfolio and stepping into the Integrated Asset Modeling (IAM) domain. Further, by combining Pipe-It and EC for optimization, forecasting and decision support, Tieto is capable of providing integrated Hydrocarbon Management (HCM) solutions based on the data already available in EC.

The two companies have already partnered on some key projects globally, and started seeing the business opportunities and synergies in how customers can receive value from joining forces.

Tieto has an ambition of helping businesses in finding the right balance between productivity and cost effectiveness, thus adding value in a competitive market. The solutions have become the industry standard for many of the world’s largest oil and gas companies, who benefit from our expert knowledge and pioneering software solutions for the industry.

Tieto Oil & Gas has today 330+ solution experts located in 12 offices around the globe. In addition to EC, Tieto Oil & Gas delivers solutions for personnel logistics for both oil and gas regional hubs and individual companies. Tieto has a growth agenda for its business within oil and gas, an agenda that includes both further market and customer acquisitions, business functional coverage and eco-system expansions.

For further information:

Aleksander Juell, Petrostreamz
Tel: +47 984 07 708, Email: aleks[at]petrostreamz.com

Kaare Lunde, Tieto Oil & Gas Solutions
Tel: +47 98 89 88 25, kaare.lunde[at]tieto.com

About Tieto
Tieto aims to capture the significant opportunities of the data-driven world and turn them into lifelong value for people, business and society. We aim to be customers’ first choice for business renewal by combining our software and services capabilities with a strong drive for co-innovation and ecosystems. www.tieto.com

About Petrostreamz
Petrostreamz AS is a software company with its origin in the advanced petroleum phase behavior (PVT) and streams technology developed at Petroleum Engineering Reservoir Analysts (PERA AS) since 1988. Their flagship product, Pipe-It, which was formally launched in 2011 has been providing the oil and gas industry unprecedented capability to build complex Integrated Asset Models (IAM). They have implemented solutions for assets ranging from 1 to 3000 + wells. www.petrostreamz.com

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EQT Credit provides financing to support Hydro International

eqt

EQT Credit, through its Mid-Market Credit investment strategy today announces that it has provided a new financing solution to support Agilitas’ acquisition of Hydro International (or the “Company”), a leading provider of wastewater and stormwater management systems.

Headquartered in the UK, Hydro International is an R&D-led engineering business specializing in products and services designed to help municipal, industrial and construction customers with processing, treating and managing water.

Paul Johnson, Partner at EQT Partners’ Credit team, Investment Advisor to EQT Credit, commented: “We are thrilled to support Agilitas in their acquisition of Hydro International, an international company that has demonstrated industry leading and technologically differentiated product and services for the water management industry. We look forward to supporting the Company and the management team under Agilitas’ ownership”.

Contacts:
Paul Johnson, Partner at EQT Partners, Investment Advisor to EQT Credit, +44 2033 729 424
EQT Press Office, +46 8 506 55 334, press@eqtpartners.com

About EQT
EQT is a leading investment 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 4.5 billion across approximately 155 companies since inception in 2008.

More info: www.eqtpartners.com/Investment-Strategies/Credit

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Nordic Capital forms a leading European dental clinic platform

Nordic Capital

Funds advised by Nordic Capital (“Nordic Capital”) today announced the formation of a leading European dental clinic group, comprising the acquisition of three fast-growing and quality focused dental clinic chains in the Netherlands, Switzerland and Germany, as well as an innovative dental technology and laboratory company with a strong base in the German market (the “Group”).

As part of the transactions, Nordic Capital has signed agreements to acquire Top Mondzorg BV, the owner of Dental Clinics Nederland and TopOrtho (“Dental Clinics”) with a combined 88 clinics in the Netherlands and Adent Cliniques Dentaires Groupe SA (“Adent”) with 22 clinics in Switzerland. Nordic Capital acquired Adent and Dental Clinics from Oaktree Capital Management. In addition, Nordic Capital has agreed to acquire DPH Dental Partner Holding GmbH, Germany’s largest dental laboratory operator and SFE Beteiligungsgesellschaft mbH, the owner of Zahnstation, the Cologne-based dental clinic chain with 6 locations.

Nordic Capital intends to continue the investment into the Group’s leading quality standards, best-in-class operating model and strong local brands, which are recognised for the best clinical environments, leading edge technology and highly trained staff by patients and dentists alike. With its scale and expanding presence in the most attractive European dental care markets, the Group will be at the forefront of innovation, remaining focused on providing the best dental care for its patients.

“Through these acquisitions Nordic Capital will establish a leader in the European dental services markets with best in class operational capabilities and a strong track record of organic and acquisitive growth. The European dental care markets remain very fragmented and there is significant potential to continue to actively drive consolidation. We aim to draw on Nordic Capital’s extensive experience from ownership of high quality and rapidly expanding healthcare clinic chains, including the leading European veterinary care provider AniCura, to capitalise on this growth opportunity. We look forward to working together with management to continue to grow the Group in its existing markets in the Netherlands, Switzerland, Germany, and beyond” says Jonas Agnblad, Partner, Advisor to the Nordic Capital Funds.

Nordic Capital is a leading healthcare investor with a 25-year track record of building high quality, sustainable healthcare businesses in Europe and the US.

The transactions are subject to customary regulatory approvals.

 

Media contacts:

Katarina Janerud, Communications Manager
Advisor to the Nordic Capital Funds
Tel: +46 8 440 50 50
e-mail: katarina.janerud@nordiccapital.com

About Dental Clinics

Dental Clinics is an innovative, leading dental care provider in the Netherlands with 88 dental and orthodontic clinics operating under the Dental Clinics and TopOrtho brands. The modern clinics offer a full range of general and specialist dental treatments and serve more than 500,000 patients annually. The Company was founded in 2007 and has subsequently expanded through organic growth and a successful clinic acquisition strategy. Dental Clinics’ patient-oriented operating model is underpinned by strong focus on team work, relentless quality management and an efficient organisation. The Company is focused on offering high quality dental care in a modern and safe environment.

About Adent

Adent is a quality focused dental chain with 22 large clinics in Switzerland, and the only Swiss dental care provider operating across the French and German speaking regions of the country. The Company was founded in 1997 when the first clinic was opened in Ecublens, and has subsequently expanded through clinic acquisitions and the opening of new sites. Adent’s clinics offer a full range of general and specialist dental treatments, and operate extended opening hours in accessible locations to ensure best service and quality of care for its patients.

About Dental Partner Holding

Dental Partner Holding is a leading European provider of high technology dental laboratory services, operating a country-wide network of 35 laboratories in Germany under the Flemming Dental brand together with 3 locations in Norway under the Artinorway brand. Founded in 1998, the Company is headquartered in Hamburg with a technology centre in Leipzig for the modern, digitally enabled manufacturing of dental prostheses. The Company’s operations are based on the highest quality standards, comprehensive local services to dentists and efficient centralised manufacturing using the latest digital technologies.

About Zahnstation

Zahnstation is a fast-growing dental chain in Germany, currently operating a network of 6 dental clinics in the Cologne area. Zahnstation’s clinics offer a range of general and specialist dental treatments, with a focus on high quality care and patient convenience through extended opening hours and accessible locations.

About Nordic Capital

Nordic Capital private equity funds have invested in mid-market companies primarily in the Nordic region since 1989. Through committed ownership and by targeting strategic development and operational improvements, Nordic Capital enables value creation in its investments. The Nordic Capital Funds invest in companies in northern Europe and in selected investment opportunities internationally. The most recent fund is Nordic Capital Fund VIII with EUR 3.5 billion in committed capital, principally provided by international institutional investors such as pension funds. The Nordic Capital Funds are based in Jersey, Channel Islands, and are advised by the NC Advisory companies in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital please see www.nordiccapital.com

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Swiss IT Security joins forces with alphaBit

Ufenau

Pfäffikon, February 2018

Partners and friends of Ufenau Capital Partners, we are pleased to announce that Swiss IT Security AG has joined forces with alphaBit GmbH. Swiss IT Security AG is one of the leading providers of IT cyber security in Switzerland. Since the year 2002 the company serves a broad and renowned customer base from the insurance, pharma and retail sector.

alphaBit GmbH headquartered in Wiesbaden (Germany), is a nationwide mid-sized IT Consulting Company, that provides IT infrastructure and security Solutions to the public sector as well as to larger companies since 20 years. IT security solutions are integrative elements of almost all projects. alphaBit has >100 employees and is an ideal complementary addition to the Swiss Security in terms of geographic reach and provided services.

Mehmet Gökhan and Michael Wielsch, CEOs of alphaBit:

We are very pleased that we have found Swiss IT Security AG as Partner, who shares our ambitions and supports our growth strategy. Our shared objective is the joint creation of leading IT Security Service Group with focus on the German speaking Europe.” Philipp Stebler, CEO of Swiss IT Security AG, adds: “With this partnership we have completed a very important step, that strengthens our geographic presence in Germany and expands the offered services of the group. We are looking forward to the joint development of the Group together with alphaBit.

In addition to the healthy organic growth of the Swiss IT Security Group, further add-on acquisitions shall be executed to increase the geographical footprint and service offering. We are looking forward to the positive development of the Group.

Sincerely, your

Ufenau Team

 

About Ufenau Capital Partners

Ufenau Capital Partners is a privately owned Swiss Investor Group headquartered at the Lake Zurich which advises private investors, family offices and institutional investors with their investments in private equity. Ufenau Capital Partners is focused on investments in service companies in German-speaking Europe and invests in the Education & Lifestyle, Business Services, Health Care and Financial Services sectors. Through a renowned Group of experienced Industry Partners (Owners, CEOs, CFOs), Ufenau Capital Partners pursues an active value-adding investment approach on eye-level with entrepreneurs and managers.

 

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NGD on top of the world

InfraVia

Europe’s largest data centre campus secures £125 Million of new business and commences build out of 2 50,000 sq ft top floor

Cardiff Capital Region – 8 February 2018:

Next Generation Data (NGD) today announced the build out of an additional 250,000 sq ft of capacity at its mega data centre campus near Cardiff, South Wales. This follows a spate of new customer contracts worth in excess of £125 Million over the next five years including agreements with several Fortune 100 companies. Construction work is already underway on NGD’s top floor to accommodate the new private and shared data halls. The scale and complexity of the project requires more than 500 construction workers to be permanently on site, creating further substantial employment for locally based contractor firms. “Our latest long term contract successes demonstrate major multinationals are continuing to find NGD’s UK- based world class facility is unbeatable on price and performance, especially when it comes to our space, power, connectivity and 100 per cent service level record,” said Simon Taylor, NGD’s Chairman.

“NGD’s industry leading 16 week build out timescales and the financial resources of our funding partner Infravia Capital Partners is enabling us to respond extremely quickly to global market opportunities.”

Added Phil Smith, NGD’s Construction Director, recently joined from global construction engineering firm Spie:

NGD’s 750,000 sq ft multi-tier facility has already reached 30% Occupancy with 31data halls but we still have abundant space and power available to future proof customer requirements as well as soak up new business demand. The largely pillar-free top floor is ideal for a variety of scalable data hall designs including private and shared facilities.”

Since opening its multimillion pounds data centre campus for business eight years ago NGD has already notched up over 32MW of built space and remains Europe’s largest data centre campus.

In 2016 the company secured multimillion pound funding from Infravia Capital Partners to accelerate expansion. The highly secure facility features a vast 180 MW renewably sourced power capacity and multiple high speed low latency fibre network connections. NGD is ideally suited to meeting demanding Cloud and High Performance Computing requirements.

 

About NGD Europe

Located in the Cardiff Capital Region, NGD is a purpose-built carrier-neutral Tier 3 facility offering 750,000 sq feet (gross internal area) of highly secure and cost-effective space housing up to 22,000 racks. These can be arranged into self-contained and colocation data halls of various sizes all with independent services, resilient power and cooling systems. NGD Europe’s environmentally- friendly high level technology infrastructure has been designed to meet and exceed the ever increasing demand for more computing power. Among its many features are a high capacity 180 MVA power supply direct from the super grid and sourced from 100 per cent renewable energy; and a variety of on-site high-speed, low latency carrier interconnects.

 

For more information please visit

www.ngd.co.uk

For further information, visit

www.ngd.co.uk

For further information:

Next Generation Data Ltd

Tel: 01633 674 518

www.ngd.co.uk

 

 

 

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GROUPE ETIENNE JOINS ALLIANCE ETIQUETTES

Activa Capital

Alliance Etiquettes announces that Groupe Etienne, specialised in wine bottle labels, has merged with Alliance Etiquettes. This is the sixth build -up for the Alliance Etiquettes “buy-and-build” platform created in 2015.

Following the operation, Alliance Etiquettes will become the market leader in France of premium wine bottle labels, with turnover of €50 million euros and more than 300 employees.

Founded in Doué-la-Fontaine, France, in 1961 by the Etienne family, Etienne has become one of the leading French producers of adhesive and traditional labels for the wine-producing industry. Over the years the group has expanded to include six companies. It was acquired in 2007 via an MBI led by Eric Le Floch with the backing of Paluel-Marmont Capital.

In 2011, the group was taken over by its management backed by Alliance Entreprendre, Paluel-Marmont Capital and Sodero. Eric Le Floch was named Chairman of the Supervisory Board With Philippe Gauthier as Chief Executive Officer. Led by Olivier Laulan,  Alliance Etiquettes is composed of the Groupe Laulan, Editions Enès, Maumy Impression, Imprimerie D3 and Applic’Etains. Olivier Laulan and Groupe Etienne’s management will reinvest alongside Activa Capital.

This merger creates the market leader in France by reinforcing our presence among independent winemakers as well as large négociants and wine cooperatives. It also reinforces our geographical network by adding Anjou, Touraine, and South-East France, said Olivier Laulan, CEO, Alliance Etiquettes.

With this investment, Alliance Etiquettes is further developing its buy-and uild platform. Our ambition is to become the European leader on the market for premium labels. To this end, we will continue to identify and study external growth opportunities, in France and abroad, added Christophe Parier, Partner, Activa Capital.

We have accompanied Groupe Etienne for the past six years, a period of sustained development by both organic and external growth. Joining Alliance Etiquettes is an important new step for the company that creates a leader in wine bottle labels, said Laurent Colléatte, Deputy CEO of Alliance Entreprendre.

About Alliance Etiquettes

Alliance Etiquettes is a French company specialised in high-end labels for the wine, spirits, and agro-food sectors. With Olivier Laulan as CEO, the company generates turnover of €50 million in France and outside France. For further information, please visit our website: allianceetiquettes.com

About Activa Capital

Activa Capital is a leading French mid-market private equity firm. Activa Capital manages over €500m of private equity funds on behalf of a wide range of institutional investors. Activa Capital partners with ambitious mid-sized French companies, valued at €20m to €200m, seeking to accelerate their growth and their international footprint. Learn more about Activa Capital at activacapital.com or on Twitter @activacapital

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