Priveq – new growth partner of Metenova

Priveq

Metenova, a MedTech company delivering products and solutions for the pharmaceutical and biotech production of aseptic and sterile products, has chosen to incorporate Priveq Investment (“Priveq”) as a new growth partner for the future. Founder, CEO and Management will continue to be a part of the ownership group to a large proportion.

Metenova was founded ten years ago, consisting of a management and founders with over four decades of experience within product design and development of mixer solutions for aseptic and sterile pharmaceutical production. The customer base is mainly leading pharmaceutical companies and biological drug producing companies. The portfolio consists of mixers adapted to different types of applications based on the company’s patented technologies. Metenova operates globally with sales in more than 30 countries, mainly through a distributor network with headquarters in Mölndal, in the south of Sweden and a subsidiary in New Jersey, USA.

With an increasing proportion of biological pharmaceuticals, a large proportion of traditional pharmaceuticals such as block busters, as well as high growth in the Chinese market as a result of a shift to defined pharmaceuticals, there is a high underlying growth for products and knowledge from Metenova. New potent pharmaceuticals and personalized pharmaceuticals also give increased interest in new products within Metenova’s focus area. Through the partnership with Priveq, good conditions are created for taking advantage of the opportunities that can arise in the market as well as continued growth and development of the company.

”We are impressed by how Metenova has managed to establish itself as a technology leader in a relatively short period of time with a strong offering and a unique position in the market. We know the founders and management since we owned the company NovAseptic together and therefore have great respect for the knowledge that exists and being built in Metenova. We are looking forward to working with the owners and management of Metenova and actively supporting the company in the future.” says Louise Nilsson, CEO and partner at Priveq.

”We are very happy to bring Priveq in as growth partner in Metenova. Priveq has a broad experience from 125 growth companies and we are convinced that Priveq will help us take the next step in our development. In addition, we have previously worked together with Priveq and therefore we look forward to a new journey together with confidence.” says Johan Westman, CEO at Metenova.

“With Priveq as a strong owner, we see great opportunities to continue our planned growth. This gives us a good position to realize the opportunities we see in the market and to carry through the ventures we want in order to reach maximum potential.” says Lennart Myhrberg, one of the founders of Metenova.

 For more information, please contact:

Louise Nilsson, CEO and partner, Priveq Investment
Tel: +46 (0)709 50 95 50
louise.nilsson@priveq.se

Johan Westman, CEO Metenova
Tel: +46 (0)706 02 41 21
johan.westman@metenova.com

 

About Metenova

Metenova is a global supplier of critical products and solutions for production of aseptic and sterile pharmaceuticals. The company has a long experience of product development, manufacturing and sales within this area with high regulatory requirements. Metenova operates globally with leading companies within pharmaceutical and biotech industries mainly through a distributor network. The headquarters are located in Mölndal, in the south of Sweden and there is also a subsidiary in New Jersey, USA.

More information is available at www.metenova.com


PDF

For further information, please contact

Louise Nilsson medarbetare

Louise Nilsson

Partner & CEO

Phone: +46 8 459 67 63
Mobile: +46 70 950 95 50

Read more »

Categories: News

Tags:

Peter Hofvenstam appointed new CEO of Nordstjernan

Nordstjernan

The Board of Directors of Nordstjernan AB has appointed Peter Hofvenstam as the new CEO. Peter Hofvenstam is currently Deputy CEO and head of the Unlisted Holdings business area, which represents approximately half of Nordstjernan’s operations. He was born in 1965, has an MSc Economics, and has held various positions at Nordstjernan since 1999. He is a board member of Rosti and Swedol, as well as the chairman of Nordstjernan Kredit. Tomas Billing will continue as CEO until the transition, which will take place at the Annual General Meeting in May 2019.

“Taking Nordstjernan forward will be an exciting challenge. I look forward to work closely with our professional team to further reinforce our model of active long-term ownership in order to develop our companies and to create good returns,” says Peter Hofvenstam.

“As the chairman of Nordstjernan, it is a pleasure to present a strong internal successor to Tomas Billing. Peter has a genuine understanding of long-term value creation. He is responsible for Nordstjernan’s Unlisted Holdings, a business area that has developed very well through both growth in profits and sound business transactions. I look forward to working with Peter in his new role,” says Viveca Ax:son Johnson.

Outgoing CEO Tomas Billing will continue to work at Nordstjernan after the transition, in a role as senior advisor. He will work on nomination committees and boards in Nordstjernan’s holdings.

“I would like to thank Tomas Billing, who has been CEO for a full 20 years. When he started, Nordstjernan’s net asset value was SEK 2.7 billion, and we had one investment – NCC. Today, our net asset value is SEK 30 billion and we have 15 active investments. Two unlisted companies – Rosti and Etac – currently comprise Nordstjernan’s largest holdings. That is quite an achievement,” says Viveca Ax:son Johnson.
Questions will be answered by:

Viveca Ax:son Johnson
Chairman of Nordstjernan AB
Telephone: +46 8 788 50 18
E-mail: vaj@nordstjernan.se

Stefan Stern
Senior advisor, responsible for communications, Nordstjernan AB
Telephone: +46 70 636 74 17
E-mail: stefan.stern@nordstjernan.se
Nordstjernan AB is a family-controlled investment company whose business concept is to be an active owner that creates long-term and positive value growth. More information about Nordstjernan can be found on www.nordstjernan.se.

Categories: Personalia

Tags:

L Brands announces sales agreement for La Senza

No Comments

Regent

Columbus, Ohio (Dec. 13, 2018) — L Brands, Inc. (NYSE: LB) today announced that following its previously announced comprehensive review process, it has signed a definitive agreement to transfer ownership and operating control of La Senza – inclusive of the home office organization, North American stores and e-commerce and international partnerships – to an affiliate of Regent LP, a global private equity firm.  The company will sell 100 percent of its assets in La Senza in exchange for the buyer’s agreement to assume La Senza’s operating liabilities and provide L Brands potential future consideration upon the sale or other monetization of La Senza, as defined in the agreement.  The company expects to complete the transaction and transfer ownership in early January.

Operating results for La Senza are included in the company’s Other segment for financial reporting. The company estimates that La Senza’s 2018 revenues and operating loss will be approximately $250 million and $40 million (approximately $0.12 per share), respectively.

L Brands was advised on the sale by Financo.

 

ABOUT L BRANDS:

L Brands, through Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel, is an international company.  The company operates 3,115 company-owned specialty stores in the United States, Canada, the United Kingdom and Greater China, and its brands are sold in more than 800 additional franchised locations worldwide.  The company’s products are also available online at www.VictoriasSecret.com, www.BathandBodyWorks.com, www.HenriBendel.com and www.LaSenza.com.

 

ABOUT REGENT:

Regent is a global private equity firm focused on innovating and transforming businesses. The firm’s mission is to create long-term value for its partners, the companies it invests in and the communities in which it works. Regent’s investments span the globe and operate in a wide array of industry verticals including technology, media, consumer products, industrial, retail and entertainment.

Selected investments include Sassoon, Sunset Magazine, Lillian Vernon and a media portfolio comprised of 18 newspapers, magazines and television platforms including Military Times, Army Times, Navy Times, Defense News, PBS TV’s Defense News Weekly, Federal Times and the HistoryNet Magazines. Regent is based in Beverly Hills, California.

For more information, please visit www.regentlp.com.

For further information, please contact:

Regent LP:
Media Relations
Graydon Sheinberg
(310) 299-4108
gs@regentlp.com

L Brands:
Investor Relations
Amie Preston
(614) 415-6704
apreston@lb.com

Media Relations
Tammy Roberts Myers
(614) 415-7072
communications@lb.com

Categories: News

Tags:

Silver Lake to Acquire Majority Stake in ServiceMax from GE Digital

Silverlake

Strategic partnership to accelerate growth of leading provider of Field Service Management software
GE to continue as minority investor

SAN RAMON, CALIF. & MENLO PARK, CALIF. – DECEMBER 13, 2018 – GE Digital (NYSE: GE) and Silver Lake announced today an agreement for GE Digital to sell a majority stake in ServiceMax, a leading provider of cloud-based software productivity tools for field service technicians, to Silver Lake, the global leader in technology investing. Under the agreement, GE will retain a 10% equity ownership in ServiceMax. Since GE Digital acquired the company in 2016, ServiceMax has continued to invest in its technology and delivered growth that has outpaced the market over the past two years. ServiceMax and GE Digital have also entered into a reseller agreement to ensure ongoing collaboration to serve their joint customers, including GE’s industrial business units, and plan to continue to deeply integrate their technology offerings.

In collaboration with Silver Lake, ServiceMax will enjoy increased agility to accelerate its growth initiatives, pursue new strategic partnerships and execute a dedicated Field Service Management agenda. ServiceMax offers cloud software tools that improve the productivity of complex service and equipment-centric business operations for over 400 corporate customers across dozens of industries. As a separate company, ServiceMax will have the strategic focus required to penetrate the vast $34 billion global Field Service Management software market opportunity. The majority of the approximately 39 million field technicians globally who install, maintain and repair machines do not currently have access to any Field Service Management software such as ServiceMax.

“ServiceMax has a strong foundation of customers inside and outside the GE customer base,” said Scott Berg, CEO, ServiceMax. “In Silver Lake, we have found a partner with a technology growth mindset and unique expertise in separating companies into standalone businesses. Joining the Silver Lake family will provide the investment we need in continued technology development and market expansion in areas where we have seen significant traction, such as medical devices, construction and manufacturing industries. The new company structure gives us both the flexibility to provide solutions to all industrial manufacturers and the strategic backing of GE to continue to pursue the industrial asset operator markets.”

“Field Service Management is a core element in the digital transformation of industrial operations, and ServiceMax’s innovative platform provides field technicians with next-generation, business-critical software and technology,” said Kenneth Hao, Managing Partner and Managing Director of Silver Lake. “We look forward to working with ServiceMax and GE to bring ServiceMax’s technology to a broader customer base, increase investments in product development and help the company achieve its long-term potential.”

As part of GE Digital, ServiceMax accelerated market reach into new regions, expanded its Field Service Management capabilities and introduced its offerings to new industries. With this new relationship, GE Digital and ServiceMax will continue to work together to provide solutions that help companies transform how they operate and manage their industrial assets across the entire asset lifecycle. The two
companies will continue to advance the integration between GE Digital’s Predix Asset Performance Management suite and ServiceMax’s field service management solution – arming customers with a complete solution for proactive and predictive maintenance.

For almost 20 years Silver Lake has invested behind enterprise technology leaders in partnership with management. ServiceMax joins current and prior Silver Lake portfolio companies such as Broadcom (then Avago Technologies), Cast & Crew, the Dell Technologies family of businesses (including Pivotal, SecureWorks and VMware), GoDaddy, NXP, Red Ventures, Skype, SolarWinds and Unity.
The transaction is expected to close in early 2019. Financial terms of the deal were not disclosed.
Morgan Stanley & Co. LLC served as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Silver Lake.

About GE Digital
GE Digital is reimagining how industrials build, operate and service their assets, unlocking machine data to turn valuable insights into powerful business outcomes. GE Digital’s Predix portfolio – including the leading Asset Performance Management and Field Service Management applications, as well as Predix Private Cloud – helps its customers manage the entire asset lifecycle. Underpinned by Predix, the leading application development platform for the Industrial Internet, GE Digital enables industrial businesses to operate faster, smarter and more efficiently, wherever their operations require. For more information, visit www.ge.com/digital.

About Silver Lake
Silver Lake is the global leader in technology investing, with about $45.5 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 and Hong Kong. Silver Lake’s portfolio of investments collectively generates more than $225 billion of revenue annually and employs more than 390,000 people globally. The Silver Lake 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, Symantec, Unity, Weld North Education and WP Engine. For more information about Silver Lake and its entire portfolio, please visit www.silverlake.com.

Media Contacts
For GE Digital:
Amy Sarosiek
925-968-7871
amy.sarosiek@ge.com
For Silver Lake:
Patricia Graue
212-333-3810
silverlake@brunswickgroup.com

Categories: News

Tags:

CapMan Nordic Property Income Fund (non-UCITS) acquires a mixed-use industrial property in Copenhagen

CapMan Nordic Property Income Fund (non-UCITS), has acquired Stamholmen 70, a light production and office property, in a sale and lease back transaction.

The approx. 14,000 sqm property is situated in Avedøre Holme, a mixed industrial and commuter suburb to Copenhagen. The property is fully let with a long lease agreement to the seller Intermail A/S, a Danish publicly listed communications company. The property is located close to the E20 highway, which provides easy access to Kastrup Airport and Copenhagen city centre.

“The Danish market provides many opportunities in line with CapMan Nordic Property Income fund’s cash flow focused investment strategy. We are very pleased with this acquisition and the continued co-operation with Intermail. The flexible layout of the property combined with its logistics capabilities are attractive for potential future tenants. The excellent location and good income outlook make it a perfect fit for the CapMan Nordic Property Income fund,” says Sampsa Apajalahti, Investment Director and Fund Director of CapMan Nordic Property Income Fund.

CapMan Nordic Property Income Fund (non-UCITS) is an open-ended special investment fund which accepts new subscriptions on a quarterly basis. The Fund focuses on stable income generating properties in the largest and most liquid Nordic cities with solid long-term growth fundamentals. CMNPI fund targets mainly offices and necessity-driven retail assets. In addition, the fund will also invest in other real estate sectors providing stable and predictable income. The acquisition of Stamholmen 70 is the fund’s fifth transaction and its second in Denmark.

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

For further information, please contact:
Sampsa Apajalahti, Investment Director, Fund Director, CapMan Real Estate, tel. +358 40 575 2363
Peter Gill, Investment Director, CapMan Real Estate, tel. +45 20 43 55 63

About CapMan
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 30 years. CapMan employs today approximately 120 private equity professionals and has 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 Buyout, Growth, Real Estate, Infra, Credit and Russia. We also have a growing service business that currently includes procurement services (CaPS), fundraising advisory (Scala Fund Advisory), and fund management services. www.capman.com

Categories: News

Tags:

Gaw Capital Partners and Consortium Partners Win Bid to Acquire 12 Shopping Centers in Hong Kong

Gaw Capital

December 12, 2018, Hong Kong – Gaw Capital Partners today announced that the firm, through a fund under its management, and consortium partners, including Goldman Sachs, have won a bid to acquire a retail portfolio comprising 12 shopping centers in Hong Kong from Link Asset Management Limited at HK$ 12.01 billion and an average price of around HK$7,839 per sq. ft. excluding parking.

The portfolio is comprised of a number of strategically-located properties across Hong Kong Island, Kowloon and the New Territories that sit in the heart of densely-populated communities. The GFA of the portfolio totals 1.1 million sq. ft. of prime retail space and comes with over 4,700 parking spaces that are connected to highly-convenient transport links. Their excellent accessibility and holistic shopping environments have made them attractive destinations for retailers and hubs of community life for residents.

The shopping centers included in the portfolio are: Retail and Car Park within Ap Lei Chau Estate, Chun Shek Shopping Centre, Fortune Shopping Centre, King Lam Shopping Centre, Lei Tung Commercial Centre, Ming Tak Shopping Centre, Shan King Commercial Centre, Siu Hei Commercial Centre, Retail and Car Park within Tai Ping Estate, Wah Ming Shopping Centre, Wah Sum Shopping Centre, Wang Tau Hom (Wang Fai Centre).

Goodwin Gaw, Chairman and Managing Principal of Gaw Capital Partners, said, “We and our partners are confident about Hong Kong’s future, and believe these malls will continue to serve important functions in the community. Followed by the bid we won together with our consortium partners to acquire 17 shopping malls in 2017, we will further leverage our experience to evolve these malls into refreshed and renewed centers of local life and collaborate with the local NGOs and existing tenants to build a better neighborhood for themselves.”

Kenneth Gaw, President and Managing Principal of Gaw Capital Partners, commented, “We worked closely with the community over the past 12 months and implemented a series of initiatives to better make use of these malls for the community. We look forward to applying our expertise in repositioning commercial property to add significant strategic value to this additional portfolio.”

Gaw Capital has over 13 years of experience investing in and/or turning around commercial properties in Greater China, including Hong Kong. The firm successfully transformed and repositioned properties such as 133 Wai Yip Street in Hong Kong, a former 12-storey industrial building turned creative office space; Sky Bridge HQ, a mixed-use project located in the heart of Linkong Economic Park in Shanghai; Pacific Century Place in Beijing, a 170,000 sqm (1.8 million sq. ft.) renovated mixed-use commercial property with two office towers and two serviced apartment blocks on a retail podium; Cross Tower in Shanghai, a 22-storey office with a two-storey retail podium; Ciro’s Plaza in Shanghai, a mixed-use property with a 39-storey office building and a 28,000 sqm (302,000 sq. ft.) retail mall; Plaza 353 in Shanghai, a 40,000 sqm (430,000 sq. ft.) renovated mall with historical heritage status; Popark Plaza in Guangzhou, a 92,400 sqm (994,000 sq. ft.) retail mall connected to the Guangzhou East Railway Station, with high-speed trains to Shenzhen and Hong Kong, and access to two major subway lines; and Metropolitan Plaza in Guangzhou, a 88,800 sqm (956,000 sq. ft.) mall located above two subway lines.

Categories: News

Tags:

East Capital Holding acquires Monyx Asset Management

East Capital

East Capital Holding acquires Swedish fund management company Monyx, consisting of Monyx Asset Management and Nordic Fund Services S.A. from its owner NewCap Holding A/S. Monyx manages more than 3bn EUR in Nordic and global equity and fixed income funds. Monyx will remain as a separate entity within the group.

Once the transaction is completed Monyx will become a fully-owned subsidiary of East Capital Group. Monyx will continue to operate as a separate entity focusing on Nordic and Global strategies and East Capital Asset Management will retain its focus on emerging and frontier markets.

 

East Capital and NewCap cite a strong industrial logic as the driving force behind the transaction. There are significant economies of scale to be achieved in support functions and in the procurement of administrative and other external services linked to portfolio management. Reducing administration costs will provide vital additional resources to East Capital’s continued sustainability efforts and enable further investments in management teams and other core capabilities across both businesses. East Capital and Monyx also have offices and operations in Sweden and Luxembourg, further supporting seamless coordination between the two entities.

 

“We are pleased to be the new owner of Monyx, adding a new business line to the East Capital Group. We see a great opportunity in sharing our institutional investment management experience, as well as our strong sustainability and governance expertise. We plan to develop and support Monyx by providing additional resources to the investment team.”says Albin Rosengren, Partner at East Capital.

Ole Rosholm, CEO NewCap: “East Capital is one of the strongest independent investment managers in Northern Europe, with some of the world’s largest institutions among its clients and a wide European distribution network. East Capital has also been in the market for over 20 years, demonstrating both continuity and stability. We look forward to the mutual benefits our partnership will bring.”

 

This acquisition entails a change of ownership that requires approval by Swedish Financial Supervision Authority before the deal completes. Until then, East Capital refrains from providing any further details.

 

About East Capital

East Capital is an independent asset manager with various investment specializations all characterised by active management and a strong focus on responsible ownership. The main operations are East Capital Asset Management, an investment company which specialises in emerging and frontier markets, and East Capital Real Estate, which manages cash-flow generating commercial properties. Further, the securities company East Capital Direct offers a platform for transactions and investment custody. East Capital also owns a substantial part of the listed real estate company Eastnine (STO:EAST), which is an associated company in the group. East Capital was founded in Sweden in 1997 and has offices in Dubai, Hong Kong, Luxembourg, Moscow, Oslo, Stockholm and Tallinn. The company manages EUR 2.9bn for an international investor base including leading institutions.

Contact information:

Ilze Johnston, Marketing Communications Manager, East Capital

+46 8 505 88 550 mediaenquiries@eastcapital.com  

 

Andrew Fleming/ Georgie Rudkin, MHP Communications, Europe

+44 203 128 8100  eastcapital@mhpc.com  

 

Ruby Lo / Judith Bence, MHP, Asia

+852 6255 8133 / +61 415 903 849 eastcapital@mhpc.com

 

Categories: News

Tags:

TrophoSYS, a biotech company based in Jena, Germany, successfully closed its seed financing round, securing the company´s next stage of development

BM-T

TrophoSYS GmbH is developing an innovative and sustainable new method for the separation of gametes. bm|t beteiligungsmanagement thüringen gmbh acted as the lead investor and was joined in the investment round by Sparkasse Jena-Saale-Holzland and a private investor.

The company´s innovative new method allows for gender-specific selection of productive animals, which could dramatically improve productivity and enhance food security.  Importantly, the innovation is based solely on the physiological differences of the cell surfaces and allows for the gamete separation without any manipulation of genetic material.

The technology could be effective for all mammalian animals, creating a significant opportunity for improvement to the status quo and implying a large market potential.  Especially noteworthy is the potential in the pork industry, which is urgently searching for gentle and effective alternatives to the anesthesia-free castration method. TrophoSYS´ solution potentially offers an attractive animal-and-farmer-friendly alternative.

The founder and head of development of TrophoSYS, Dr. Stephan König described the business model as follows: “Modern animal rearing should not focus solely on economic aspects rather it must also consider natural and environmental elements. Our approach unifies economic and ecological aspects in a way that benefits animals, producers, and consumers of animal products.”

After having internally financed the preliminary development stages, we are delighted to have gained bm|t as a highly-competent and financially strong lead investor for our first external financing round. We are convinced that, together with bm|t and the co-investors, we will successfully reach our goals and thus create an important breakthrough for a sustainable future,” said Martin Reichenbach, CEO and founder of TrophoSYS.

 

About TrophoSYS GmbH

The Jena company, TrophoSYS, specializes in the development of biotechnologies that improve or potentially displace existing methods.  In this scope, the company has developed many solutions focused on the productive animal field, through which it aims to create important improvements in the quality and security of food and human health.

About bm|t

Erfurt-based, bm-t beteiligungsmanagement Thüringen (bm|t) – a subsidiary of the Thuringia Development Bank, is the first address for investments in Thuringia, Germany.  bm-t currently manages eight investment funds with a total volume of 320M EUR.  bm-t invests in innovative companies with strong growth potential across all sectors and all phases of the corporate lifecycle.

Categories: News

Tags:

NPM CAPITAL sells educational service provider IDDINK GROUP to SANOMA LEARNING

NPM Capital

On 11 December 2018, Sanoma Learning announced its intention to acquire the educational service provider Iddink Group (‘Iddink’) from its current owner, NPM Capital. The acquisition comprises all parts of the group in the Netherlands, Belgium and Spain. After the acquisition, Malmberg and Iddink Group will collaboratively develop integrated digital solutions to improve and personalise secondary and vocational education. The intended acquisition is subject to approval from the Dutch Authority for Consumers & Markets (ACM) and the works council of Iddink Group.

Iddink Group is best known as a distributor of learning tools and as the developer of the widely used student information systems Magister and Eduarte. In recent years, Iddink Group has built a strong position as a supplier of digital learning platforms. Finnish company Sanoma Learning is the owner of leading educational publishers in several different countries, including Malmberg in the Netherlands and VAN IN in Belgium.

NPM Capital acquired Iddink Group in 2014. Bart Coopmans, Managing Director of NPM Capital, said in a brief explanation about the intended sale: ‘From 2014 onwards we have supported Iddink in its ambition to grow and its digital transition, with a shared mission to help improve the education landscape. We are convinced that the company will be able to further accelerate its successful digital strategy under ownership of a strong strategic shareholder such as Sanoma Learning.’

 

Collaboration for the sake of better education

The acquisition of Iddink Group will enable Sanoma Learning to create the most user-friendly and inspirational digital learning solutions in collaboration with their intended users in the education sector, thereby allowing schools to make a breakthrough in personalised learning methods. Of course Iddink Group will continue its close collaboration with all publishers and its solutions and platforms will remain available across the market. The companies will operate as separate operational companies, whose non-exclusive collaboration remains open to all other providers of content and platforms.

 

History, experience and vision

Malmberg (established in 1885) and Iddink (established in 1922) share a long history and a common vision on the future of education. John Martin, CEO of Sanoma Learning, believes the two will complement each other well: ‘We offer tailored solutions for students and aim to unburden schools. We complement each other in the development of educational methods, platforms and services. We share a common goal: to offer the best personalised and affordable educational solutions.’

Malmberg and Iddink Group have been working together for many years, with developments in digital technology leading to an increasing amount of overlap in their services. ‘I am enthusiastic about the fact that we will now be able to really offer educational solutions that meet the needs of modern education,’ said Wijnand Spring in ’t Veld, CEO of Iddink Group. ‘Malmberg, VAN IN and Iddink Group will continue their independent operations in the Dutch and Flemish market, each with their own specific portfolio of products and services. By lowering the thresholds between publisher and service provider we can optimally address the wishes of teachers, school managers, students and their parents.’

 

About Sanoma Learning

Sanoma Learning is one of Europe’s leading learning companies. It supports over a million teachers in their efforts to enable every student to fully develop his or her talents. With over 1,400 employees in companies in the Netherlands, Belgium, Poland, Finland and Sweden, net sales totalled over €300 million in 2017. Sanoma Learning is a subsidiary of Sanoma Corporation, the Finnish learning and media company listed on Nasdaq Helsinki. In the Netherlands, Sanoma’s best-known subsidiary is Sanoma Media Netherlands, publisher of titles such as NU.nl, Donald Duck and Libelle.

 

About Iddink Group

Iddink Group operates in educational services in the Netherlands, Belgium and Spain. Through its three brands Iddink, Eduarte and Magister it offers digital learning environments, apps, and advanced learning tools and solutions that enable over two million users every day to develop their talents in a personalised manner. Also part of the Iddink Group is The Implementation Group (TIG), the leading business intelligence specialist for the education sector. The company employs over 300 people, more than half of the employees working in educational technology.

Categories: News

Tags:

KKR Backs Energy Savings Solutions with Investment in Singapore’s BBP

KKR

Investment Made as Part of Firm’s Impact Strategy Focused on Addressing Global Societal Challenges

SINGAPORE–(BUSINESS WIRE)–Dec. 12, 2018– Leading global investment firm KKR today announced an investment in Barghest Building Performance (“BBP” or the “Company”), a Singapore-based provider of energy savings solutions to Heating, Ventilation and Air Conditioning (“HVAC”) systems in commercial and industrial buildings. KKR will be investing up to S$45 million in the Company.

This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20181212005347/en/

BBP’s energy efficiency solution applies a combination of proprietary software, customized engineering, and equipment to deliver the same cooling load to sites while consuming up to 40% less energy. The solution is applicable for all central chiller plant systems, regardless of brand or age. BBP also supports its clients with continuous commissioning technologies and comprehensive asset management services that sustain the level of savings over long periods of time. BBP offers the solution on a yearly subscription based on 3rd party verified energy savings, eliminating the need for upfront investment costs by customers. The Company prides itself on minimizing operational risk and maximizing system availability. BBP has helped customers across Asia Pacific in commercial office space, hotels, district cooling and large complex industrial facilities such as semiconductor fabrication sites. Further details on the Company’s projects and customers can be found here.

“We invested in BBP because we share the passion of this dynamic, entrepreneurial team to build BBP into a pan-Asian energy solutions leader. We’re excited to be investors, and we’re equally excited to be customers as we believe that many of KKR’s portfolio companies will also benefit from BBP’s solutions,” said Ashish Shastry, KKR Member & Head ofSoutheast Asia.

“When we first set out to design a solution to improve energy efficiency in existing systems throughout Asia, we knew the impact could be quite large. Now with KKR and their resources onboard, we are thrilled knowing how much greater that impact can be – well beyond Asia – and we are greatly looking forward to working with KKR in accomplishing our mission,” said Poyan Rajamand, BBP Co-Founder and CEO.

For KKR, the investment is part of the firm’s Impact strategy, which is focused on identifying and investing behind businesses with positive social or environmental impact that measurably contribute solutions to one or more of the UnitedNations Sustainable Development Goals (“SDGs”).

“Our Global Impact team is focused on investing behind companies whose core commercial product or service addresses global environmental or social challenges. BBP contributes solutions to two of the United Nations SDGs – Affordable and Clean Energy, and Industry, Innovation and Infrastructure – with a business model meant to fundamentally change best practices for energy management. BBP’s motivation, as is ours, is to achieve meaningful and sustainable costs savings for customers directly alongside long-term and measurable environmental impacts for society,” said Robert Antablin and Ken Mehlman, Co-Heads of KKR Global Impact.

BBP currently operates across eight markets, including Southeast Asia, China, India and Taiwan, and is accredited by Singapore’s national government bodies such as the Infocomm Media Development Authority, National Environment Agency and Building and Construction Authority. Since its founding in 2012, the Company has received many accolades, most recently including recognition on The Peak’s Power List, ranked on the first-ever APAC 25 list, awarded IFMA Singapore’s FM Technology Provider of the Year, and honorable mention recipient for Best Practices at the 2017 and 2018 EENP Awards.

About KKR Impact

KKR’s Impact strategy focuses on identifying and investing behind global opportunities where financial performance and societal impact are intrinsically aligned – in other words, where there is no trade-off between impact outcomes and financial outcomes. Specifically, the strategy is focused on businesses providing commercial solutions that contribute measurable progress toward the SDGs.

Over the last decade, KKR has been a leader in driving and protecting value throughout the firm’s private markets portfolio through thoughtful Environmental, Social and Governance (“ESG”) management, as well as measuring and reporting on performance to the public and investors. The firm also has a history of investing in businesses that promote sustainable solutions to societal challenges. This experience of responsible investment combined with a changing landscape of global challenges led to KKR’s decision to create a dedicated Global Impact business in 2018. KKR’s Impact strategy will build on this experience.

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors 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 the capital it manages for fund investors 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. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About BBP

Barghest Building Performance (“BBP”) provides energy savings solutions to Heating, Ventilation and Air Conditioning (HVAC) systems in commercial and industrial buildings. BBP uses sensors, software algorithms, equipment controls, and customized engineering design to seek to reduce electricity consumption in chiller systems. BBP currently operates within Southeast Asia, China, India and Taiwan.

Source: KKR

Media
KKR Asia
Cara Major
Cara.Major@KKR.com

KKR Americas
Kristi Huller
+1 212-750-8300
Media@KKR.com

Categories: News