Monthly Archives: December 2018

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.

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Bolster Investment Partners sells AIO II / Medsen and Ceban

Bolster

On 12 December, Bolster reached an agreement about the sale of AIO II (pharmacy chain Medsen and compounding pharmacy Ceban) to Bencis on behalf of Van Lanschot Kempen. The transaction is subject to approval by the relevant (competion) authorities and is expected to be completed early 2019.

In recent years both Medsen and Ceban showed a strong performance. In 2017, pharmacy chain Zorgapotheek Nederland and a provider of drug dispensing machines, PharmaRobots, have been acquired by Medsen in close cooperation with Bolster. Ceban has significantly expanded its market share in recent years. Bolster would like to thank the management and employees of Medsen and Ceban for the pleasant cooperation and wishes them and the new shareholders all the best for the future.

For more information, please refer to the press release of Van Lanschot Kempen.

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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.

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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

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Trade Me and Apax Funds – scheme implementation agreement

Apax

Trade Me and Funds advised by Apax Partners enter scheme implementation agreement 

Trade Me has entered into a scheme implementation agreement under which funds advised by Apax Partners will acquire 100 percent of Trade Me shares for NZ$6.45 per share, subject to shareholder and Court approval.

This represents a 27 per cent premium to Trade Me’s one-month volume-weighted average price to 20 November 2018 , an implied equity value of NZ$2.56 billion, an enterprise value of NZ$2.74 billion and acquisition multiples of ~16.7x based on Trade Me’s underlying F18 EBITDA of NZ$164 million and ~19.7x based on underlying F18 EBIT of NZ$139 million.

Subject to an Independent Advisor’s report concluding that NZ$6.45 per share is within or above its valuation range, and in the absence of a superior proposal, the Trade Me Board unanimously recommends that Trade Me shareholders vote in favour of the scheme. Subject to those same qualifications, all directors intend to vote all Trade Me shares held or controlled by them in favour of the scheme.

Trade Me chairman David Kirk said: “The Apax Funds have increased their offer price since the indicative proposal, following the completion of their due diligence. After careful consideration, the Board has unanimously concluded that this offer is consistent with our efforts to deliver maximum value for shareholders.

“We’re confident Trade Me would have a successful standalone future, but we believe the certainty of the cash offer and material premium would be an attractive outcome and it merits being put to shareholders with our recommendation, in the absence of a superior proposal.”

The Board notes shareholders do not need to take any action at present, and currently expects the shareholder vote on the scheme to be held in April 2019.

Details of the scheme implementation agreement 

The scheme implementation agreement is publicly released alongside this announcement. It is subject to a limited number of customary conditions including:
· the approval of Trade Me shareholders and the High Court of New Zealand; and
· approval of the Overseas Investment Office.

It also contains usual termination rights for each party, including where various material adverse circumstances arise, or where a party is in material breach.

The scheme contains customary exclusivity provisions in favour of the Apax Funds, including “no shop, no talk, no due diligence” restrictions. These restrictions are subject to exclusions which permit the Trade Me Board to engage on a competing proposal which is (or is reasonably capable of becoming) a superior proposal, subject to notifications being made to Apax and to the Apax Funds’ right to match any such proposal. The agreement also sets out circumstances under which Trade Me may be required to pay the Apax Funds a NZ$19.2 million “break fee”.

Trade Me has been advised that the acquisition is expected to be funded with equity committed by the Apax Funds, and third party debt financing.

Indicative timetable and next steps 

A booklet containing information relating to the scheme, the Independent Advisor’s Report, the reasons for the directors’ unanimous recommendation and meeting information is currently expected to be mailed to Trade Me shareholders in March 2019.
The Board expects that Trade Me shareholders will have the opportunity to vote on the scheme at a meeting in April 2019. If all the conditions are satisfied, the scheme is expected to be implemented in the second quarter of 2019.

Note that these dates are indicative and subject to change.
Trade Me is being advised by Goldman Sachs.

ADDITIONAL INFORMATION:

About Apax Partners 
Apax Partners is a leading global private equity advisory firm. Over its more than 35-year history, Apax Partners has raised and advised funds with aggregate commitments in excess of $50 billion. The Apax Funds invest in companies across four global sectors of Tech & Telco, Services, Healthcare and Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. The Apax Funds have a strong track record investing in online classified businesses, combining extensive digital investment expertise with deep operational value-add. These include Auto Trader, Trader Corporation, Boats Group, Idealista and SouFun. For more information see: www.apax.com.

CONTACTS:

Trade Me Media Contact 

Paul Ford, Trade Me | mediaenquiries@trademe.co.nz
(Please note that David Kirk and Jon Macdonald are unavailable for interviews.)

Apax Media Contacts

Global Media: Andrew Kenny, Apax | +44 20 7 872 6371 | andrew.kenny@apax.com

NZ Media: Geoff Senescall, Senescall Akers | +64 214 81234 | senescall@senescallakers.co.nz

USA Media: Todd Fogarty, Aduke Thelwell, Kekst | +1 212-521 4800 | apax@kekst.com

UK Media: Matthew Goodman / James Madsen, Greenbrook | +44 20 7952 2000 | apax@greenbrookpr.com

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3i to receive £77m in proceeds from refinancing of Aspen Pumps and distribution from Audley Travel

3I

3i-backed Aspen Pumps (“Aspen”) and Audley Travel (“Audley”) to return in aggregate £77m in cash to 3i Group plc (“3i Group”).

Aspen, the global leader in condensate pumps for air conditioning and refrigeration systems, has successfully completed a refinancing following the completion of the acquisition of Advanced Engineering, Aspen’s 5th bolt-on under 3i ownership.

3i Group plc will receive £52m from the transaction, representing more than 0.8x its original equity investment. This has been enabled by the significant growth and cash generation in the business, with revenues more than doubling since 3i’s investment in 2015. The refinancing ensures Aspen is well positioned to continue investing to further accelerate growth and deliver on its ambitious plans, both organically and through acquisitions, where it has a strong pipeline.

Audley, a leading provider of tailor-made experiential travel, has completed a £30m shareholder distribution funded by cash on balance sheet. 3i Group plc proceeds from this distribution are £25m. 3i invested in Audley in 2015 to build on its market-leading UK presence and support international growth, particularly in the US, where Audley has seen a 4x increase in bookings over the last 3 years.

Alan Giddins, Managing Partner and Head of Private Equity, commented:

“Aspen and Audley are both outstanding UK businesses, with leading market positions. Both companies have demonstrated strong organic earnings growth and cash conversion since our investments, which has enabled them to return cash to shareholders.

 

-Ends-

Download this press release   

 

For further information, contact: 

3i Group plc

Silvia Santoro

Shareholder enquiries

 Tel: +44 20 7975 3258

Email: silvia.santoro@3i.com
Kathryn van der Kroft

Media enquiries

 Tel: +44 20 7975 3021

Email: kathryn.vanderkroft@3i.com

 

 

Notes to editors:

About 3i Group

3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Its core investment markets are northern Europe and North America. For further information, please visit: www.3i.com

About Aspen Pumps

Aspen Pumps is the global leader in the design, manufacture and assembly of condensate pumps focused on the air conditioning and refrigeration (“ACR”) sectors and is renowned for having the most reliable, installer friendly and innovative products. It also provides a range of market leading tools, rooftop mounting systems and accessories for ACR installers. For further information, please visit: https://www.aspenpumps.com

About Audley Travel

Audley is a leading provider of tailor-made experiential travel to over 80 destinations worldwide. Serving clients predominantly in the UK and US, Audley is renowned for its superior customer service and in-depth destination expertise delivered by its country specialists. For more information, please visit www.audleytravel.com

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Motive Partners announces acquisition of Finantix

Motive Partners

Finantix is a leading provider of technology enabling the digitalization of omni-channel advisory, sales and services processes for private banks, wealth managers and insurance companies. New York, London, 11 December 2018 –

Motive Partners today announced that it has signed an agreement to acquire a controlling interest in Finantix. Motive Partners will support Finantix and its founders in continuing to build out their market-leading suite of products and to expand their geographic footprint in to core growth markets.

Finantix is a financial technology provider with a focus on private banks, wealth managers and insurance companies. Finantix offers a suite of software components, accelerators, APIs and engines that collectively support the digitalization of sales, onboarding, advisory, products origination, services and transactions along the client life-cycle, across channels and devices for mass affluent to ultra-high net worth clients. The announced transaction follows strong financial results at Finantix, with the company having experienced significant growth in recent years.

Scott Kauffman, Partner at Motive Partners, commented: “Finantix founders Ralf Emmerich and Alessandro Tonchia, supported by a strong management team, have demonstrated their ability to create a compelling product and bring a leading technology platform to an ever-increasing set of blue chip clients. We are excited to back the Finantix team and together focus on opportunities to make Finantix a globally recognized leader in its space.”

Finantix has grown in recent years to over 250 specialists in 7 cities, with further expansion planned as Finantix and Motive Partners capitalize on the international opportunity, with substantial opportunities to continue to grow in Europe, Asia and to enter the US market. Motive Labs, the operational and technology value creation team of Motive Partners, will also work in conjunction with Finantix and its team to accelerate growth by supporting continued technology development and international expansion across Motive Labs’ international ecosystem. Other significant opportunities for value creation include further product development in response to strong customer demand and accelerated expansion through potential strategic acquisitions. Finantix founders and the current management team will continue to lead the company to achieve the shared vision and to ensure high service quality to all existing and future clients.

Ralf Emmerich, Co-founder of Finantix, commented: “Our rapid growth is based upon the strength of our front office and multi-channel components, which are recognized as best in class for their solid architecture, rich functionality, sophistication, flexibility and ability to enable effective sales, advisory, onboarding, product origination and management processes for private banks, wealth managers and insurance companies. Motive Partners’ experience growing financial technology businesses on a global scale, combined with their extensive network, makes them an ideal partner for the next stage of our growth.”

Andy Stewart, Industry Partner at Motive Partners, added: “We see substantial opportunity within this space, with Finantix well positioned to continue their strong growth. Motive Partners will bring to bear our sector-specialist expertise and capabilities to build on the company’s strong foundations to achieve our shared vision.”

 

Proskauer and EY served as advisors to Motive Partners in connection with the transaction. Osborne Clarke served as legal advisor to Finantix in connection with the transaction.

 

About Finantix

Finantix has a global customer base spanning over 45 countries, acquired over more than 15 years’ experience distilled into its flagship Finantix Components product and supported from eight offices across Europe, North America and Asia. Finantix Components are trusted by some of the world’s largest banks, insurers and wealth managers and offer a broad, solid and proven library of multi-country, multi-jurisdiction, multi-channel, omni-device reusable software modules, widgets, engines, connectors and APIs that help leading financial institutions digitize and transform key processes in the financial services industry.

 

About Motive Partners

Motive Partners is a sector specialist investment firm that is focused on technology enabled companies that power the financial services industry. Based in New York and London and comprised of investors, operators and innovators, Motive Partners brings differentiated expertise, connectivity and capabilities to create long-term value in financial technology companies. More information on Motive Partners can be found at www.motivepartners.com.

For more information please contact: Sam Tidswell-Norrish | M: +44 7855 910178 | pr@motivepartners.com

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AURELIUS completes acquisition of Norwegian wholesale business from HELLA

Aurelius Capital

Munich/Oslo, December 11, 2018 – AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) has completed the acquisition of the Norwegian wholesaler Hellanor from Nordic Forum Holding A/S, a 100% subsidiary of HELLA GmbH & Co. KGaA. Headquartered in Skytta near Oslo, Hellanor is the second-largest automotive aftermarket wholesaler in Norway, generating c. EUR 70 million in revenues with approx. 250 employees.

Hellanor supplies its customers, typically automotive workshops, car dealerships and local wholesalers, with spare parts from its central warehouse in Skytta as well as from 19 branches across the country. In addition, Hellanor offers workshop franchise concepts to its clients under its own AutoMester brand as well as for third-party concepts such as Bosch Car Service. Within its AutoMateriell business segment Hellanor supplies workshop equipment of leading equipment OEMs such as JohnBean and MAHA.

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Altamir sells its remaining stake in Albioma

Altamir

Paris, 11 December 2018 – Altamir has sold its remaining stake in Albioma to Impala, a diversified group with more than 6,000 employees operating in energy, manufacturing, brands and asset management.

Altamir’s investment in Albioma (ca. 5.5% of the share capital), which was held via Altamir’s subsidiary Financière Hélios, was sold for €31.7m.

Following this transaction, Altamir no longer holds any Albioma shares.

“I am very pleased that Jacques Veyrat has become a significant shareholder of Albioma, via the Impala group. His in-depth knowledge of the renewable energy sector at the international level should pave the way for accelerated growth at Albioma,” said Maurice Tchenio, Chairman of Altamir Gérance.

 

About Altamir

Altamir is a listed private equity company (Euronext Paris-B, ticker: LTA) founded in 1995 and with an investment portfolio of around €900m. 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 or advised by Apax Partners France 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 Continental 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

Claire Peyssard-Moses

Tel.: +33 (0)1 53 65 01 74

E-mail: investors@altamir.fr

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Jean-Marc Huët joins Bridgepoint Advisory Board

Bridgepoint

Bridgepoint, the international private equity group, has appointed Jean-Marc Huët to its Advisory Board with effect from 1st January 2019.

Mr Huët is a former CFO of Unilever plc/NV, Bristol-Myers Squibb and Royal Numico NV and began his career at Goldman Sachs International. He currently holds non-executive directorships at Heineken, Canada Goose and J2.

A Dutch national, Mr Huët was educated at Dartmouth College, New Hampshire and has an MBA from INSEAD.

Welcoming the appointment, Bridgepoint managing partner William Jackson, said: “Jean-Marc is a seasoned international executive with a strong track record across several industries. He will bring a global view and important insight to Bridgepoint. We look forward to working with him.”

Jean-Marc Huët said: “I am enthusiastic about the opportunity at Bridgepoint and contributing to the team’s assessment of sectors and specific companies as it continues to consolidate its middle market position in the alternative assets space.”

The Advisory Board provides external perspectives and advice to Bridgepoint’ senior leadership team and is also involved on an individual member basis on value creation at portfolio companies.

Press enquiries

For all press enquiries, contact James Murray on +44 (0) 20 7034

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