Hantverksdata strengthens ownership structure to accelerate growth.

Adelis Equity

Hantverksdata has successfully grown and developed its business in the Nordic region over many years. The digitalization of the building services industry is however happening faster than ever. The company is now strengthening its ownership structure by bringing in Adelis as a majority owner in order to entrench its position as the leading ERP provider in the Nordic Region focused on the building services industry.

Hantverksdata is a leading provider of administrative software developed for craftsmen in the Nordic region. The company is leading within the electricity, HVAC, painting and glass segments with its modular system, but also active within other service and contracting segments such as alarms, flooring, plating, refrigeration, elevators and construction. Hantverksdata has around 4,000 corporate customers and 35,000 users.

“This is a forward-looking move for Hantverksdata to be able to capitalize on the opportunities available to us in the craftsmen industries in the coming years. Adelis has proven experience in developing companies both in the IT and the building services sectors. This makes them the perfect partner for us as we take the next step in building our company. Basically all current owners have chosen to continue as shareholders. This is proof of our strong belief in the future journey for Hantverksdata,” says Mikael Viotti, CEO at Hantverksdata.

“Through its software applications Hantverksdata delivers great value to its customers in an industry that is digitalizing. We are impressed by Hantverksdata’s management team and skilled employees and by the company’s strong development both in Sweden and in other Nordic countries. We are looking forward to supporting Hantverksdata on its growth journey,” says Joel Russ at Adelis.

The board of Hantverksdata will be significantly strengthened in connection with the transaction. Both Anders Böös, previously chairman of IFS, and Petter Håkanson, previously CEO of Assemblin, will join the board.

Anders Böös, incoming chairman of the board at Hantverksdata remarks: “Hantverksdata has through a first-rate product and a well-defined customer offering, built a leading market position. I am excited by the company’s opportunities, and I am looking forward to contributing to its continued growth and expansion.”

For further information:

Hantverksdata: Mikael Viotti,  mikael.viotti@hantverksdata.se, +46 70-389 00 93

Adelis Equity Partners: Joel Russ, joel.russ@adelisequity.com, +46 73-543 30 68

About Hantverksdata

Hantverksdata has more than 45 years of experience of marketing ERP systems to the building services inudstry. Hantverksdata currently has 100 employees in Sweden, Finland, Norway and Denmark and has a turnover of around SEK 165 million. The company has around 4,000 corporate customers and 35,000 users. For further information please visit www.hantverksdata.se.

About Adelis Equity Partners

Adelis is an active partner in creating value at medium sized Nordic companies. Adelis was founded with the goal of building the leading middle market private equity firm in the Nordics. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, acquiring 15 platform investments and making more than 40 add-on acquisitions. Adelis now manages approximately €1 billion in capital. For more information please visit www.adelisequity.com.

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CapMan Growth Equity to invest in nationwide earthmoving equipment company RealMachinery

Capman

CapMan Growth Equity to invest in nationwide earthmoving equipment company RealMachinery

CapMan Growth Equity has made a significant minority investment in RealMachinery, a nationwide earthmoving equipment company. The investment into RealMachinery is CapMan Growth Equity’s second new investment completed during the first half of the year from the fund focusing on growth investments with a total of eight portfolio companies.

RealMachinery Ltd, founded in 2010, is a nation-wide full-service house specialised in machinery, that sells, rents, maintains and equips earthmoving machinery for each purpose. In addition to RealMachinery, a part of the machinery house is Dae-Tek Ltd which has over 25 years of experience in machinery sales and importation. In 2017, the net sales of new RealMachinery Group were EUR 65 million and it employs approximately 100 persons in total.

With the help of CapMan Growth Equity investment, the company aims to strengthen its position in the leasing and financing market, broaden its service portfolio and enter new customer segments. The operations shall also be expanded to the Nordics by using the current brand portfolio.

“I am very pleased to enter into this agreement with RealMachinery. The company has a great culture of entrepreneurship with the courage to try and do new things which supports our vision to grow RealMachinery to a leading earthmoving equipment company in the Nordics,” says Antti Kummu, Partner of CapMan Growth Equity.

The objective of the Growth Equity investment activities is to find unlisted target companies with strong growth potential, to make significant minority investments worth more than one million in them and, as an active investor, to develop their value so as to achieve returns in excess of the market average. CapMan’s Growth Equity portfolio consists of eight unlisted Nordic companies at the moment.

For further information, please contact:
Antti Kummu, Partner, Growth Equity, CapMan Plc, tel. +358 50 432 4486

CapMan
www.capman.com
@CapManPE

CapMan is a leading Nordic private asset expert with an active approach to value-creation in its target companies and assets. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers we have developed hundreds of companies and real estate and created substantial value in these businesses and assets over the last 28 years. CapMan has today 115 private equity professionals and manages approximately €2.8 billion in assets under management. We mainly manage the assets of our customers, the investors, but also make investments from our own balance sheet. Our objective is to provide attractive returns and innovative solutions to investors. Our current investment strategies cover Real Estate, Buyout, Russia, Credit, Growth Equity and Infrastructure. We also have a growing service business that currently includes procurement services (CaPS), fundraising advisory (Scala Fund Advisory), and fund management services.

 

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IK Investment Partners acquires KLINGEL medical metal

ik-investment-partners

IK Investment Partners (“IK”) is pleased to announce that the IK VIII Fund has reached an agreement to acquire Klingel medical metal GmbH (“KLINGEL” or “the Company”), a leading manufacturer of high-precision and complex metal components mainly for a range of medical technology applications, from Halder. 

KLINGEL was established in 1986 and has become a leading independent contract manufacturer of high-precision, hard-to-machine parts made from titanium and high-grade types of stainless steel. The Company operates a vertically integrated business model with in-house capabilities spanning the entire production value chain from design to manufacture to final packaging with a strategic focus on medical technology. KLINGEL’s high precision components go into various orthopaedic, cardiovascular and dental implants as well as instruments for endoscopy and robotic surgery.

Working in partnership with its OEM customers across the medical technology as well as measurement and control industries, KLINGEL has gained a reputation for uncompromising quality. Headquartered in Pforzheim, Germany, the Company operates two manufacturing sites with over 200 CNC machines and employs more than 300 people.

“By providing mission critical components of the highest quality standards, KLINGEL has formed long-standing relationships with our customers. IK has a genuine understanding of the CMO market and shares our international growth strategy. With their support, we will continue contributing to our customers’ success by offering real added value to their end consumers,” said Ralf Petrawitz, Technical and Commercial Managing Director of KLINGEL.

“We are impressed by KLINGEL’s strong management team. Together we will continue to build on the strong market position, technical know-how and broad service offering KLINGEL has developed over the last three decades. IK is well-positioned to support KLINGEL thanks to our experience with Marle, a leading European CMO of hip and knee orthopaedic implants, acquired in 2016,” says Anders Petersson, Partner at IK.

KLINGEL represents the IK VIII Fund’s second mid cap acquisition in the past month, and the 11th acquisition announced by the Fund. Financial terms of the transaction are not disclosed.

Parties involved:

IK Investment Partners: Anders Petersson, Mirko Jablonsky, Alexander Dokters, Adrian Tanski, Daniel-Vito Günther
Buyer financial advisor: Quarton International (Lars Veit, Rolf Holtmann)
Buyer strategic due diligence: Alvarez & Marsal (Georg Hochleitner)
Buyer financial due diligence: Ebner Stolz (Claus Bähre)
Buyer legal advisor: Renzenbrink & Partner (Ulf Renzenbrink)

Halder: Michael Wahl, Christian Muschalik
Seller financial advisor: William Blair (Philipp Mohr, Moritz Rottwinkel)
Seller legal advisor: Graf von Westfalen (Lutz Zimmer, Ernst Lindl)

For further questions, please contact:

KLINGEL medical metal
Ralf Petrawitz, Managing Director
Phone: +49 7231 6519 0

IK Investment Partners
Anders Petersson, Partner
Phone: +49 40 369 8850

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

About KLINGEL medical metal
For more than 30 years, KLINGEL medical metal GmbH has been one of the leading European precision technology companies with a strategic focus on medical technology industries. Employing over 300 people, KLINGEL medical metal GmbH specialises in the precision processing of materials with low machinability, such as titanium and high-grade stainless steel. KLINGEL offers unrivalled technical quality and aesthetic perfection. For more information, visit www.klingel-med.de

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 115 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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Altor launches KonfiDents

Altor

On May 29th, Altor Fund IV (“Altor”) launched a group of dental clinics under the name KonfiDents. KonfiDents is a dental group where key opinion leaders in implantology, dental aesthetics and maxillofacial surgery are joining forces to provide and secure high-quality dental care and reshape the future of the German dental market.

Altor has signed an agreement to acquire the hospital Krankenhaus Maria-Hilf Warstein (“KMH”), which will form the foundation of KonfiDents. Altor has also acquired two dental clinics to date, the Kleinsman Varzideh Dental Center MVZ GmbH, focused on dental aesthetics, and the Palti Dentalzentrum MVZ GmbH, focused on implantology. Through this platform, Altor will continue to grow KonfiDents by acquiring best-practice dental clinics. KonfiDents offers patients consistent superior quality procedures and aims to secure access to high-quality dental care across Germany.

Altor is partnering with Prof. Dr. Margarete Bowien and Martin Hagedorn, founders of KonfiDents, and KMH’s current majority owners Deutsche Klinik Union who will continue to manage the hospital.

”We are very excited to be able to launch KonfiDents and start shaping the future of specialist dental care in Germany together with our dentist partners“, says Andreas Källström Säfweräng, Partner at Altor.

KonfiDents has also entered into a cooperation with Haranni Academy, one of the leading dental academies in Germany, to found KonfiDents Academy.

“The KonfiDents Academy is at the core of the quality promise that KonfiDents stands for,” says Prof. Dr. Margarete Bowien, co-founder of KonfiDents.

“I am thrilled to be a part of this new group of dental clinics with a focus on high-quality practices and niche competence in a field where I have spent my entire career. I believe that this is the future of dental care in Germany,” says Professor Jan-Michaél Hirsch, board member of KonfiDents and Professor Emeritus in Oral and Maxillofacial Surgery at Uppsala University.

The transaction is subject to customary regulatory requirements and approvals.

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Fortino Capital’s portfolio company MobileXpense launches new app and announces new CEO

Fortino Capital

Six months after the 20 million euro investment by Fortino Capital, the Brussels software company MobileXpense is upping its game. It has released a new app SpendCatcher and introduces its upgraded solution for travel and expense management. To secure this sustainable growth, Pieter Geeraerts joins MobileXpense as the new CEO.

MobileXpense is one of the very first Belgian SaaS (Software as a Service) companies and serves renowned multinational companies such as Bridgestone, UCB and Burger King. The core strength of its services is the intelligent integration of specific country and company regulations and policies in the solutions . This guarantee of compliance differentiates the Belgian SaaS-provider from other international players and is one of the main reasons for its success today. In December 2017, Fortino Capital invested 20 million euros to further develop the products and services and help MobileXpense to grow its business and optimize its solutions.

MobileXpense has launched a new mobile app SpendCatcher which “reads” receipts and automatically creates an expense in the MobileXpense system, allowing users to smoothly manage their expenses on the go and in a few clicks. It will also introduce a completely revamped web version of its solution, upgrading the user experience and comfort.

This growth of MobileXpense also entails a change in leadership. Pieter Geeraerts becomes the new CEO, replacing co-founder Xavier Deleval as head of the company. Deleval will stay involved as product specialist and as a board member. Matthias Vandepitte, Partner at Fortino Capital, says they are  eager to work with the the new CEO: “We firmly believe that MobileXpense has the capacity to become an even bigger player as many large corporates still rely on pen and paper or Excel sheets to process employee expenses.  Pieter Geeraert’s sector knowledge and commercial skills will be pivotal to realize this growth story.”

Pieter Geeraerts about the new solutions and the future of MobileXpense : “MobileXpense is a fast growing customer-centric company with a great solution, addressing not only the financial aspects of travel and expense management but also  compliance, data privacy, end user experience and more. I am excited to join the company at such a pivotal moment with the launch of the new solution, which will be the cornerstone for the continued growth of MobileXpense and an even higher customer satisfaction.”

Pieter Geeraerts has a proven track record in managing growth with a focus on large enterprise customers. In his most recent jobs, he has realised significant growth for Basware in the enterprise software sector as country manager for Benelux & France. Most recently, Pieter has been active in the payments sector, optimising the sales organisation and processes at Worldline, first as head of Sales for Benelux and later on at a global level as head of Global Bid Management & Strategic Deals.

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Partners Group to invest AUD 700 million in Australian renewable energy platform; announces imminent construction of Crudine Ridge Wind Farm

Partners Group

Partners Group, the global private markets investment manager, has agreed to invest a total of AUD 700 million in the development of a large-scale renewable energy platform in Australia on behalf of its clients. The platform, which will be known locally as Grassroots Renewable Energy Platform (“Grassroots”), will be seeded with the 270MW Sapphire Wind Farm project and will in addition construct over 1.3GW of new wind power, solar power and battery storage assets across Australia within the next four years. To realize the Grassroots platform, Partners Group has teamed with local developer CWP Renewables (“CWP”), also an investor in the project.

Partners Group first joined forces with CWP in 2016 when it announced an AUD 250 million investment into Sapphire Wind Farm, a 270MW development project located in the state of New South Wales. Sapphire Wind Farm, which is due to be completed by October 2018, will generate enough energy to power 110,000 Australian households and offset over 600,000 tonnes of carbon emissions during every year of operation. There are also plans to launch a community co-investment project at Sapphire Wind Farm in late 2018, which will enable members of the neighboring community to participate in the financial benefits from the sale of renewable electricity.

The second project under the Grassroots platform will be Crudine Ridge Wind Farm, a 135MW construction-ready wind farm near Mudgee in New South Wales. Construction will begin in May 2018 and will be completed by September 2019. Crudine Ridge Wind Farm will consist of 37 GE 3.63MW turbines and, once operational, will provide a further 400GWhrs of annual power output to the grid, enough to serve 55,000 homes. Half of this energy has been sold to Powershop, an Australian electricity provider that provides 100% green energy to its retail customers. The wind farm is also expected to support 75 full-time equivalent jobs during construction, stimulating further investment in local businesses and services, and deliver more than eight million tonnes of carbon emissions abatement over its lifetime.

In addition to Crudine Ridge Wind Farm, there are a number of other pipeline projects for Grassroots, which comprise a combination of wind, solar and battery storage assets.

Benjamin Haan, Partner, Head Private Infrastructure Asia-Pacific, Partners Group, states: “When we invested in Sapphire Wind Farm, one of the key attractions for us was the project’s potential to anchor an Australian renewable energy platform. Partners Group and CWP have a project pipeline of 1.3GW in generation capacity across wind and solar power, offering the scope to be selective and develop Grassroots into a quality renewables platform of significant scale. We look forward to working with the CWP team to further support the generation of clean energy in Australia.”

To-date, Partners Group has developed around 2GW of solar and wind energy capacity on behalf of its clients across the Asia-Pacific region, including Australia. Previous investments include a 550MW Taiwanese solar power development platform and the 240MW Ararat Wind Farm development in Australia, which Partners Group invested into in August 2016 and June 2015, respectively. Most recently, Partners Group announced the sale of its stake in Japan Solar, a 610MW platform of Japanese Solar power assets, which the firm had invested into in 2013.

 

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Altamir to invest via the Apax France IX fund in Netherlands-based Expereo, a global managed internet and cloud access provider

Altamir

Paris, 28 May 2018 – Apax Partners, Paris-based leading European private equity firm, has reached an agreement with The Carlyle Group to acquire 100% of the Dutch company Expereo, a global managed internet and cloud access provider, alongside the company’s management team who will continue to lead the business.

Expereo is one of the world’s largest managed internet network and cloud connectivity solutions providers, with more than 11,500 enterprise and government sites under management across over 190 countries. The company helps global enterprises in their digital transformation and has built long-term relationships with an impressive group of blue-chip clients and business partners. It has a strong track record of performance, reporting revenues of €92m in FY 2017.

With the support of Apax Partners, Expereo wishes to continue and accelerate its growth in the coming years, through enhancement of its product portfolio, complementary acquisitions and an ever higher level of excellence in the quality of the services delivered throughout the world.

The transaction remains subject to legal and regulatory approvals.

Altamir’s investment is expected to be in the region of €30m based on the upper limit of its commitment in the Apax France IX fund.

 

About Altamir

 

Altamir is a listed private equity company (Euronext Paris-B, ticker: LTA) founded in 1995 and with almost €800m in assets under management. Its objective is to provide shareholders with long term capital appreciation and regular dividends by investing in a diversified portfolio of private equity investments.

Altamir’s investment policy is to invest via and with the funds managed by Apax Partners SAS and Apax Partners LLP, two leading private equity firms that take majority or lead positions in buyouts and growth capital transactions and seek ambitious value creation objectives.

In this way, Altamir provides access to a diversified portfolio of fast-growing companies across Apax’s sectors of specialisation (TMT, Consumer, Healthcare, Services) and in complementary market segments (mid-sized companies in French-speaking European countries and larger companies across Europe, North America and key emerging markets).

Altamir derives certain tax benefits from its status as an SCR (“Société de Capital Risque”). As such, Altamir is exempt from corporate tax and the company’s investors may benefit from tax exemptions, subject to specific holding-period and dividend-reinvestment conditions.

 

For more information: www.altamir.fr

 

Contact

Agathe Heinrich

Tel: +33 1 53 65 01 74

E-mail: investors@altamir.fr

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Partners Group to lead consortium including CDPQ and Ontario Teachers’ in acquisition of Techem, a global market leader in energy sub-metering services

Partners Group

Partners Group, the global private markets investment manager, is leading a consortium of investors in the acquisition of Techem GmbH (“Techem” or “the Company”), a global market leader in the provision of heat and water sub-metering services. Partners Group, which will invest on behalf of its private equity and infrastructure clients, will be joined in the acquisition by Caisse de dépôt et placement du Québec (“CDPQ”) and Ontario Teachers’ Pension Plan (“Ontario Teachers'”) as well as Techem’s management team. The consortium is acquiring Techem from Macquarie European Infrastructure Fund 2, which acquired 100% of the Company in 2008. The transaction, which is expected to close in the third quarter of 2018, values Techem at an enterprise value of EUR 4.6 billion.

Founded in 1952 and headquartered in Eschborn, Germany, Techem caters to a global client base of real estate operators and private home owners from its 150 branches in more than 20 countries. Its principal Energy Services business provides services and devices for the metering and billing of energy and water, plus device sales, hire and maintenance. In addition, its Energy Contracting business delivers heat, cooling, flow energy and light, as well as the planning, set-up, financing and operation of energy systems and energy monitoring and controlling services. Techem is the market leader in Germany, the largest sub-metering market in the world, as well as in an additional 13 European markets. Techem solutions today account for 6.9 million tons of CO2 emission savings per year, thus contributing to global climate protection objectives. In the 2016/17 financial year, Techem’s 3,640 employees serviced 11 million apartments worldwide, recording sales of EUR 782.7 million.

Following the close of the acquisition, Partners Group together with CDPQ and Ontario Teachers’ will work with Techem’s management team, led by Frank Hyldmar, to support the development of the Company in existing markets and expand its presence geographically. One value creation initiative will focus on the introduction of new technologies to Techem’s strong existing platform and installed base to enhance the customer experience. There will also be a continued focus on customer services and quality excellence programs as the Company grows.

Frank Hyldmar, CEO of Techem, comments: “A decade after delisting from the Frankfurt Stock Exchange, Techem can show a solid track record of growth. However, even with our market-leading position today, we believe there is plenty of future growth potential for our Company and look forward to working with Partners Group, an experienced private equity and infrastructure investor, as well as its strategic partners CDPQ and Ontario Teachers’, to realize our ambitions and deliver an exceptional service to our customers around the world.”

Jürgen Diegruber, Partner, Private Equity Europe, Partners Group, adds: “Techem is a market leader in a growing industry with strong tailwinds. With increasing global awareness of energy usage, Techem’s products and services are a key element of the fight against energy waste, enabling heating and energy supplies to be managed in a more precise and sustainable manner. We look forward to working with Frank Hyldmar and his talented team, as well as with our partners CDPQ and Ontario Teachers’, to expand Techem’s market-leading position.”

Stéphane Etroy, Executive Vice-President and Head of Private Equity, CDPQ, says: “Energy efficiency, which is at the center of Techem’s offering, is key to building a sustainable future. Given CDPQ’s desire to support the transition to a low-carbon economy, investing in Techem is a very attractive opportunity for us. Techem’s business model positions it to benefit from growing urbanization and demand for housing energy efficiency, over the long term. We are confident that together with Techem’s solid management team, Partners Group, and Ontario Teachers’, the company will continue on its path of success.”

Jo Taylor, Senior Managing Director International, Ontario Teachers’, comments: “Techem is a well-positioned business that looks set for continued domestic and international growth. It serves the growing, global need for energy conservation and empowers users in multi-occupancy properties to have greater control over their own energy consumption by providing accurate billing. Ontario Teachers’ has a strong track record in the energy and infrastructure sectors, as well as significant experience in the sub-metering space and we are delighted to partner with Techem’s innovative management team and with Partners Group and CDPQ.”

 

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EURAZEO Patrimoine Partners with Dazia Capital, a residential project specialist in Madrid ID, Spain

Eurazeo

Paris, May 24, 2018 – Eurazeo Patrimoine, the Eurazeo investment division specializing in real estate asset companies, has signed a partnership with Dazia Capital, a Spanish operator and investor dedicated to the acquisition, renovation and split sale of residential buildings in Madrid and Spain’s other main cities.

The partnership, which consists in a joint venture between Eurazeo Patrimoine and Dazia Capital, named as Dazeo, will cover a three-year equity investment program of €70 million for Eurazeo, involving transactions to be completed in Madrid, Barcelona, Valencia and the Costa del Sol;

An initial and designated acquisition portfolio of €12 million in equity for Dazeo, comprising three buildings in Madrid (Alcala, Santa Engrancia, and Santa Isabela), of which the first, Alcala, has also been signed as of today.

This project will encompass a total of 2,600 m2, including a 23 apartments. Dazia Capital will be responsible for managing the projects on a daily basis, from development to the sale of finished apartments.

The partnership offers an attractive risk-return ratio for Eurazeo Patrimoine, as demand for downtown housing increases in Spain in the midst of an economic recovery. The signature of this joint venture represents an opportunity for Eurazeo Patrimoine to position itself on the Spanish market over the long term and contribute to the country’s residential real estate drive.

Quoting Renaud Haberkorn, Managing Partner of Eurazeo Patrimoine:

“In setting up this joint venture, our goal is to develop a value-added residential investment platform that will strengthen our position on the Spanish market. We are already active in Spain, where we own nine hotels, whose performance underscore the vitality of the recovery, and now we wish to capitalize on the turnaround in residential real estate, where prices have not yet reach their 2008 level. To achieve this, we can rely on the local know-how of our partner Dazia Capital, and a seasoned team of professionals with an impressive track record in project ourcing.”

Daniel Mazin, CEO of Dazia Capital, added:

“By entering into this alliance with Eurazeo, Dazia is accelerating its residential investment program in urban areas and major spanish  tourist centers. Our strategy is based on the significant investment needed to improve existing buildings in major cities or to build new ones and meet the growing demand of the population who wish to return to live in the city centre, held back by the obsolescence of the park. We fully share Eurazeo’s strategic vision and leaning on this prestigious partner and its teams with recognized skills will strongly contribute to the achievement of our objectives.”

About Eurazeo

With a diversified portfolio of approximately €16 billion in assets under management, including €10 billion from third parties, Eurazeo is a leading global investment company with offices in Paris and 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 investment divisions–Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo Brands – and through three Idinvest business divisions:

Venture Capital, Private Debt and Dedicated Portfolio & Funds.

Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term. As a global long-term shareholder, the firm offers deep sector expertise, a gateway to global markets, and 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

 

About Dazia Capital

Dazia Capital is a real estate operator in Madrid.

The business strategy is focused on the residential market in urban centres and the best tourist locations in Spain. The firm closed 2017 with a cumulative investment of 185 million euros. This investment has been carried out through the gradual acquisition, over the last three years, of different buildings and floors covering an area of 86,000 square metres and 500 homes located in Madrid and the Costa del Sol.

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EQT acquires Italian online price comparison platform Facile.it

eqt

  • EQT VIII to acquire Facile.it, Italy’s leading online price comparison platform
  • Facile.it helps approximately 20 million users in Italy to save money within motor insurance, energy, telecoms and personal financial products
  • EQT VIII will support Facile.it’s continued growth journey by leveraging EQT’s strong TMT expertise, local angles and industrial network

The EQT VIII fund (“EQT” or “EQT VIII”) has entered into an agreement to acquire Facile.it (“Facile” or “the company”) from Oakley Capital and other minority owners. Oakley Capital will re-invest into the company while EQT VIII will have a majority ownership.

Founded in 2008, Facile is Italy’s leading online destination for consumers to compare prices for motor insurance, energy, telecoms and personal finance products. Today, Facile helps approximately 20 million users to compare prices and save money on key elements of their household expenditure, providing access and comparison to products from 80 providers. Facile has achieved an average annual top-line growth of 21% over the past five years and in 2017 the company generated approximately EUR 66 million in sales.

EQT VIII will support the continued development of Facile’s growth strategy. In addition to getting access to both operational and financial resources, the company will also be able to leverage EQT’s deep TMT sector expertise, Italian presence and global network of Industrial Advisors. Facile’s current management team, including CEO Mauro Giacobbe, will continue to lead the organization, building on a strong track record of growth.

“We are impressed by Facile’s management team and the high quality of the company’s service offering. Facile holds a true market-leading position in the online price comparison space, which it has successfully built over the past decade by helping millions of consumers to make smarter purchases. EQT looks forward to supporting Facile and the management team in their continued growth journey and expansion, both online and offline”, says Dominik Stein, Partner at EQT Partners, Investment Advisor to EQT VIII and Head of EQT TMT sector team.

Mauro Giacobbe, CEO at Facile comments: “We are very excited to have EQT as our new owner and look forward to working together closely. EQT’s industrial approach, global presence, local angle and broad network will be of great value to Facile as we embark on our next phase of growth. We believe that EQT’s entrepreneurial spirit will play an important part in our future success”.

Federico Quitadamo, Director at EQT Partners, Investment Advisor to EQT VIII, concludes: “EQT believes that Facile has the potential to continue grow significantly and look forward to partnering with the strong management team to accelerate the company’s expansion and consolidate its leading position in Italy across verticals and channels. The acquisition of Facile confirms EQT’s commitment to expanding its franchise in Italy and the continued pursuit for future investment opportunities in the country”.

The transaction is expected to close in June 2018. The parties have agreed not to disclose the transaction value.

Contacts
Dominik Stein, Partner at EQT Partners, Investment Advisor to EQT VIII, +49 892 554 99 508
Federico Quitadamo, Director at EQT Partners, Investment Advisor to EQT VIII, +41 442 666 802
EQT Press office, +46 8 506 55 334

About EQT
EQT is a leading investment firm with approximately EUR 50 billion in raised capital across 27 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 Facile.it
Facile.it is Italy’s leading online destination for consumers to compare prices for motor insurance, energy, telecoms and personal finance. Today, Facile helps approximately 20 million users to compare prices on key elements of their household expenditure providing access and comparison to products from 80 providers. Facile.it has achieved an average annual top-line growth of 21% over the past five years and in 2017 generated approximately EUR 66 million in sales.

More info: www.facile.it

 

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