ARDIAN enters into exclusive negotiations to support REVIMA, a major player in the aerospace MRO sector, in its development alongside Argos Wityu

Ardian

Paris, January, 16, 2019 – Ardian, a world leading private investment house announces that it is in exclusive talks to acquire a majority stake in Revima, a leading MRO (Maintenance, Repair & Overhaul) solutions provider for aircraft equipment, from private equity firm, Argos Wityu. Following the transaction, Olivier Legrand, President of the Group, and Argos Wityu will reinvest alongside Ardian. This transaction is subject to approval from the antitrust authorities as well as the opinion of the works council.

Founded in 1952, Revima is an independent company which has become a leader in the maintenance, repair and overhaul of commercial transport aircraft equipment. The group is well-known for its expertise in the maintenance of auxiliary power units (APU) and landing gears for regional, medium and long-haul aircraft. The company, which has c.750 employees, realized revenues of more than €280 million in 2018, showing double digit growth for several years.

Revima is active in a fast-growing market driven by the continued increase of aircrafts in service worldwide. The group is ideally positioned to continue this development following investment in its French site, the construction of a new industrial site in Thailand which will be operational in 2020, and the pursuit of a bolt-on acquisition strategy. In this regard, Revima is currently in exclusive negotiations for two acquisitions aimed at strengthening its skillsets in repairing engine parts and in the field of advanced predictive maintenance.

Yann Bak, Managing Director at Ardian Buyout, said: “We are very pleased to be associated with the teams at Revima, a fast-growing company positioned in a very promising niche market. We will use our experience and network to expand the group’s international presence and further accelerate its commercial development.”

Olivier Legrand, President and CEO of Revima added: “Our rapid development these last years and the existing and future opportunities for both internal and external growth make us particularly enthusiastic about Revima’s prospects. We are delighted with Ardian’s investment alongside Argos Wityu, as we share common values and entrepreneurial cultures. Our priority is for Revima to become a global player, expanding its skills and know-how into new areas, and be closer to its customers.”

Gilles Mougenot, partner at Argos Wityu concluded: “Revima perfectly illustrates a situation where we helped position the company into new areas of growth. The objective we set ourselves in 2015 was to simplify the shareholder structure while opening it up to employees, help build a supportive management team, and from 2017, invest significantly in the business, notably internationally.”

ABOUT REVIMA

Revima is a leading independent MRO (Maintenance, Repair & Overhaul) solutions provider, specialized in APUs, Engine Parts and Landing Gears, for civil and military aircraft through five dedicated services: Repair & Overhaul, Engine Parts Repair, Material Solutions, Fleet Management and Leasing.
With committed and passionate employees across locations in France, Asia, North America and the Middle East, Revima boasts over 60 years of MRO expertise. Revima supports aircraft operators, lessors, and repair stations worldwide, is an EASA & FAA Part 145 certified organization, and has approvals from numerous agencies.

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$82bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.
Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.
Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 550 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 750 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

ABOUT ARGOS WITYU

Argos Wityu is an independent European private equity group supporting management buyouts of medium sized companies and has offices in Brussels, Frankfurt, Geneva, Luxembourg, Milan and Paris.
Argos Wityu funds take majority stakes between €10m and €100m in companies with revenues from €20m to €600m.
Our investment philosophy aims at creating value through business transformation and growth, instead of financial leverage, and bringing solutions to complex situations: MBI, spin-offs, strategic repositioning, shareholding conflicts… We work in close relationship with management teams, with a strong sense of transparency, trust, entrepreneurship and social responsibility.
Argos Wityu is a member of Invest Europe as well as national associations in France (France Invest), Italy (AIFI), Switzerland (SECA) and BVA (Belgium). Argos Wityu SAS is regulated by the AMF and is AIFMD compliant.

LIST OF PARTICIPANTS

Ardian: Yann Bak, Alexandra Goltsova, Benjamin Witcher, Maxime Debost
M&A advisors: Wil Consulting (Jacques Ittah), Alantra (Franck Portais)
Legal and tax advisors: Weil, Gotshal & Manges ((David Aknin, Guillaume Bonnard and Come Wirz (corporate), Edouard de Lamy (fiscal), James Clarke (financing))
Commercial and strategic DD: Archery (Marc Durance, Thibault Espinosa), Oliver Wyman (David Stuart)
Financial DD: KPMG (Florent Steck, Stephane Kuster)

Argos Wityu: Gilles Mougenot, Thomas Ribéreau, Pierre Dumas
M&A: Canaccord Genuity (Olivier Dardel, Lucas Vuillemin, Mohamed Sagou)
Legal advisors: Mayer Brown (Thomas Philippe, Clotilde Billat) & Xavier Jaspar
Financial DD: Eight Advisory (Eric Demuyt, Jean-Sébastien Rabus, Victor Heilweck)
Commercial and strategic DD: Emerton (Sébastien Plessis, Jean-Edmond Coutris)
Tax advisors: Arsène Taxand (Brice Picard)

Management advisors:
Legal advisors: Jeausserand Audouard (Alexandre Dejardin, Elodie Cavazza, Faustine Paoluzzo)
Tax advisors: Jeausserand Audouard (Jérémie Jeausserand, Carole Furst, Charlotte Elkoun)

PRESS CONTACTS

REVIMA
C/O CMYK & CO
CYNTHIA JORDAN
cynthia@cmykandco.com
Tel: + 33 6 86 03 97 95
ARDIAN
Headland
TOM JAMES
tjames@headlandconsultancy.co.uk
Tel: +44 207 3675 240
ARGOS WITYU
toBnext
ANTOINETTE DARPY
adarpy@tobnext.com
Tel: +33 6 72 95 07 92

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Funds advised by Apax Partners invest USD 200 million in Fractal Analytics

Apax

Investment will accelerate Fractal’s path to a $1 billion-revenue company in the AI space

New York, London & Mumbai, January 16, 2019: Funds advised by Apax Partners (the “Apax Funds”) have today announced a definitive agreement to invest USD 200m for a significant minority stake in Fractal Analytics, a global provider of AI to Fortune 500 clients. The transaction, which consists of a secondary stake acquired from existing shareholders and a primary investment into the business, is expected to close by February 2019.

Founded in 2000 with the vision of powering every human decision in the enterprise, Fractal Analytics is a strategic analytics & AI partner to the most admired Fortune 500 companies globally. The company will use the investment by the Apax Funds to accelerate growth, both organically and through M&A, and to invest further in AI products and research.

Srikanth Velamakanni, Co-founder, Group Chief Executive and Executive Vice-Chairman of Fractal Analytics, said: “We are making progress on our goal to build a $1 billion-revenue company in the AI space thanks to our relentless focus on serving Fortune 500 companies globally in enabling an AI-led digital transformation in their businesses. We have been fortunate to have the backing of supportive investors in Khazanah Nasional, TA Associates and Mr. Gulu Mirchandani in this journey. We are excited about our new partnership with Apax Partners, who have an enviable track record of building scaled new-age tech services companies.”

Pranay Agrawal, Co-founder and CEO of Fractal Analytics, said: “The demand for AI is surging across the enterprise. Our AI solutions and globally-recognized team of experts empower these organizations to realize and maximize their full potential. The investment from the Apax Funds will accelerate our ability to scale and meet this rising demand globally. It also establishes Fractal Analytics as one of the world’s most well-funded AI providers.”

Rohan Haldea, Partner at Apax Partners, said: “The data and analytics sector is attractive and growing rapidly as companies increasingly see it as a core strategic function of their business. We are delighted to partner with Fractal Analytics who are extremely well-regarded in this space due to their cutting-edge advanced analytics and AI capabilities which help their blue-chip client base solve complex problems. Srikanth and Pranay have done an excellent job building a differentiated company with a clear vision. We look forward to working with them to scale the business further.”

Shashank Singh, Partner at Apax Partners, said: “We are keen to partner with successful companies, like Fractal Analytics, that have become global leaders. Fractal’s strong culture, which fosters employee engagement and innovation, has played a significant role in driving its success. Notably, its ability to attract high-quality data science and engineering talent has allowed the company to stay at the forefront of the rapidly-evolving analytics space.”

Chinta Bhagat, Head of Khazanah in India and chairman of Fractal, said “Khazanah is proud to have been Fractal’s largest shareholder during a period in which it scaled up rapidly into a leading global analytics player. In addition to providing growth capital, Khazanah worked closely with Fractal on streamlining the board, supporting product innovations, and bringing Fractal’s capabilities to Khazanah’s portfolio companies. We wish everyone at Fractal the very best as it embarks on its next stage of growth, and look forward to being supportive partners over the coming years”.

The Apax Funds investment in Fractal Analytics will be its 12th in the Tech Services space globally. Apax has significant experience in partnering with and growing technology services business, such as ThoughtWorks, GlobalLogic, Zensar and EVRY, and will leverage this expertise to help Fractal scale further.

About Fractal Analytics

Founded in 2000, Fractal Analytics is a strategic analytics partner to the most admired Fortune 500 companies globally and helps them power every human decision in the enterprise by bringing analytics & AI to the decision-making process.

Fractal has built several cutting-edge AI product startups within its ecosystem across industries, including:

 – Qure.ai to transform how radiologists make diagnostics’ decisions. Qure’s qXR solution is the first AI-based Chest X-Ray interpretation tool to receive CE certification. Qure’s recently-launched qER solution for interpreting head CT scans has been proven to have more than 95% accuracy in identifying abnormalities.

 – Cuddle.ai to transform how executives make tactical and operational decisions. Cuddle automatically alerts users on what they need to know about their business and allows them to ask questions about their business in natural language.

 – Trial Run to improve strategic and operational decisions. Trial Run is a cloud-based experimentation platform that enables companies across verticals to test, measure and refine strategies before rollout.

Fractal has more than 1,200 consultants spread across 15 global locations including the United States, UK and India. Fractal has been featured as a leader in the Customer Analytics Service Providers Wave™ 2017 by Forrester Research, a Great Place to Work by The Economic Times in partnership with the Great Place to Work® Institute and recognized as a ‘Cool Vendor’ and a ‘Vendor to Watch’ by Gartner. For more information: www.fractalanalytics.com

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 of over $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. For more information see: www.apax.com.

Media Contacts

For Fractal Analytics:

Global Media: Sharmila Shah | sharmila.shah@fractalanalytics.com

USA Media: Chris Harihar | chris@crenshawcomm.com

For Apax Partners:

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

USA Media: Todd Fogarty, Kekst | +1 212-521 4854 | todd.fogarty@kekst.com

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

 

Notes to Editors

London-headquartered Apax Partners (www.apax.com), and Paris-headquartered Apax Partners (www.apax.fr) had a shared history but are separate, independent private equity firms.

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Cristina Stenbeck, Erik Mitteregger and Mario Queiroz will not stand for re-election in 2019

Kinnevik

Cristina Stenbeck, Erik Mitteregger and Mario Queiroz will not stand for re-election in 2019, and the Nomination Committee proposes two new Directors to the Kinnevik Board

 

Kinnevik AB (publ) (“Kinnevik”) today announced that it has been informed that Cristina Stenbeck, Erik Mitteregger and Mario Queiroz have decided not to stand for re-election to Kinnevik’s Board of Directors at the 2019 Annual General Meeting, and that the Nomination Committee will propose Susanna Campbell and Brian McBride as new Board members.

Cristina Stenbeck was elected to the Board of Kinnevik in 2003 as Deputy Chairman. Over the last 16 years, she has led the transformation of Kinnevik from a mobile, media and packaging investment holding company into a leading digital growth investor. Cristina will continue to support the business and influence material strategic matters in her role as an active owner. She will also continue to lead the Nomination Committee work together with her partners.

James Anderson, Member of the Nomination Committee, commented:

“On behalf of all shareholders, this is a moment to reflect on the extraordinary commitment, energy and leadership that Cristina has provided over the last 16 years. Her willingness to take responsibility from a young age has been remarkable and the many achievements of the company she has led have been admirable. We are confident that Cristina’s thoughts and ambitions and her backing as principal shareholder will continue to be deeply beneficial to Kinnevik, to its now established management team, and to our work on the Nomination Committee.”

Susanna Campbell currently serves as Chairman of Röhnisch Sportswear, Ljung & Sjöberg, and Babyshop Group. She is currently a Board member of Telia Company, Indutrade, Northvolt and Nalka Invest, as well as a member of Norrsken’s Investment Committee. Between 2012-2016, she was the Chief Executive Officer of Swedish investment firm Ratos, having joined the company in 2003 from McKinsey & Co. Susanna holds an MSc from Stockholm School of Economics.

Brian McBride is the former Chairman of ASOS, the global online fashion and beauty retailer. He is currently a non-executive director of Wiggle, a private-equity owned online cycling and apparel business, and of AO World, an online retailer specializing in household appliances. Brian also sits on the UK government’s Government Digital Service Advisory Board, supporting the delivery of digital quality public services, is a senior adviser at Lazard, and a member of the Advisory Board of Scottish Equity Partners. Prior to assuming Chairmanship of ASOS, Brian was the Managing Director of Amazon UK, and prior to that the Managing Director of T-Mobile UK.

Cristina Stenbeck, Chairman of the Nomination Committee, commented:

“The Nomination Committee is pleased to be able to propose the elections of Susanna Campbell and Brian McBride. Susanna brings experience from different stages of private investing in sectors like e-Commerce, Healthcare and TMT. Susanna has also agreed to serve as Chairman of the Board’s Remuneration Committee, and will join its Audit Committee. In Brian McBride, Kinnevik will have a Director with an exceptional operational background from e-Commerce and TMT, drawing on his experience at companies such as ASOS, Amazon and T-Mobile. The Board looks forward to leveraging Brian’s insights gained during his distinguished career.”

Cristina Stenbeck continued:

“Susanna will replace Erik Mitteregger, who joined Kinnevik’s Board already back in 2004. During his 15-year tenure Erik has consistently stood for value creation for all shareholders, the systematic release of capital through consolidation, and the re-allocation of capital into growth companies. In a fast-changing environment, he has driven important strategic initiatives that have come to define Kinnevik during these eventful years. Mario Queiroz has after three years on the Board of Kinnevik also decided not to stand for re-election. Mario has since joining the Board contributed with valuable perspectives on the importance of technological and product platforms within Kinnevik’s investee companies. For this, I am joined by the many who thank them.”

The Nomination Committee’s complete proposals will be presented in the notice convening Kinnevik’s Annual General Meeting to be held on 6 May 2019. The Nomination Committee comprises Cristina Stenbeck appointed by Verdere S.à r.l. and Camshaft S.à r.l., Hugo Stenbeck appointed by AMS Sapere Aude Trust, James Anderson appointed by Baillie Gifford, Ramsay Brufer appointed by Alecta, and Marie Klingspor.

This information is information that Kinnevik AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08.00 CET on 18 January 2019.

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3i announces sale of OneMed generating proceeds of c. £100 million

3I

 

3i Group plc (“3i”), and funds managed by 3i, have entered into a sale and purchase agreement to sell their investment in OneMed, the leading medical supplies distributor in Northern Europe, to Nalka Invest AB.

Proceeds to 3i will be c. £100m. The transaction is expected to complete in March 2019, subject to customary antitrust approvals.

3i invested in OneMed in 2011. During 3i’s ownership, the company successfully strengthened its market positions in Sweden, Denmark and Finland and built its international footprint through three strategic acquisitions in the Netherlands and a major expansion in Norway.

For further information, contact:
3i Group plc
Silvia Santoro
Investor enquiries
Kathryn van der Kroft
Media enquiries
Tel: +44 20 7975 3258
Email: silvia.santoro@3i.com
Tel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com

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Changes in Ratos’s management group

Ratos

Ratos is carrying out changes in its management group, meaning that it will now consist of:

Jonas Wiström, CEO
Helene Gustafsson, Head of IR and Press
Henrik Lundh, Vice President (new member since January 2019)
Anders Slettengren, Vice President
Magnus Stephensen, General Counsel
Peter Wallin, CFO (new member since December 2018)

Robin Molvin, Vice President and previous member of the management group, and Johan Rydmark, Director, are leaving Ratos. Meanwhile, Henrik Lundh has been appointed as Vice President and member of the management group.

“I look forward to welcoming Henrik Lundh as a member of Ratos’s management group, where I’m sure that his experience and knowledge will be of immense benefit in the future.

I want to extend a sincere thanks to Robin Molvin, whose important work with several of our portfolio companies throughout his many years here at Ratos has created significant value. Over the years, Robin has strengthened and assumed responsibility for Ratos’s presence in Denmark, which was the driving factor behind the acquisition of airteam and Oase Outdoors. At airteam, Robin has led the company’s growth journey and expansion into Sweden through strategic bolt-on acquisitions. I also want to thank Johan Rydmark, whose previous investment responsibilities at the portfolio companies Nebula and Serena, and previous operational development of portfolio companies such as Stofa, have created important value for Ratos”, says Jonas Wiström, CEO of Ratos.

The changes will take effect as of today, 17 January 2019.

For further information, please contact:
Jonas Wiström, CEO, Ratos, +46 8 700 17 00
Helene Gustafsson, Head of IR and Press, Ratos, +46 8 700 17 98

About Ratos:
Ratos owns and develops unlisted medium-sized companies in the Nordic countries. Our goal as an active owner is to contribute to long-term and sustainable operational development in the companies we invest in and to make value-generating transactions. Ratos’s portfolio consists of 12 medium-sized Nordic companies and the largest segments in terms of sales are Construction, Industrials and Consumer goods/Commerce. Ratos is listed on Nasdaq Stockholm and has approximately 12,300 employees.

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GP Bullhound advises Method Communications on its sale to Chime Communications Group

Gp Bullhound

GP Bullhound acted as exclusive financial advisor to Method Communications, a technology PR and marketing agency based in San Francisco and Salt Lake City, on its sale to Chime Communications Group, the global sport, entertainment and communications group. Through the acquisition, Method will become part of the Chime Specialist Group, a family of best-in-class agencies that are challenging traditional agency models.

David Parkinson, CEO of Method, commented: “We are thrilled to be part of Chime and anticipate a phenomenal partnership as we move forward. GP Bullhound’s deep expertise and global network in the digital marketing sector proved invaluable in helping us find the right partner and was instrumental in making this process a success.”

Adam Birnbaum, Director at GP Bullhound, commented: “It was a pleasure to have advised Method in this strategic transaction with Chime. Method’s unique expertise and approach has enabled them to become one of the most recognized technology agencies in the U.S. and will fit very well within Chime. Method’s impressive client roster of leading technology companies will benefit from the breadth of Chime’s capabilities.”

The transaction is further testament to GP Bullhound’s expertise in advising category leaders in the digital services sector, with more than 20 transactions completed in the last 24 months including the sales of Oliver to You & Mr Jones, Namics to Merkle, Kepler Group to KYU, Solita to Apax Digital, and Karmarama to Accenture, among many others.

Inquiries
For inquiries please contact: Adam Birnbaum, Director, at Adam.Birnbaum@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound

 

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Vistara Capital Partners is proud to announce our investment in CoolIT Systems.

Vistara

Vistara Capital Partners is proud to announce our investment in CoolIT Systems, the leader in modular liquid cooling technology targeted at data centers. This investment, made by the Vistara Technology Growth Fund III LP, is expected to bolster CoolIT’s anticipated growth as the demand for liquid cooling technology continues to rise.

CALGARY, AL – CoolIT Systems, the world leader in modular, scalable data center liquid cooling technology, has partnered with Vistara Capital Partners as the company expands production capacity to service new and existing global data center customers.

Vistara’s investment was made by the recently announced Vistara Technology Growth Fund III LP, a USD$100 million fund focused on providing flexible and tailored debt financing for technology companies across North America.

“With our order backlog expanding by 400% in the last year, access to additional capital is critical for continued success,” said CoolIT Systems CFO, Peter Calverley. “With the creative financing package provided by Vistara the financial foundation is in place for 2019 to be another year of significant growth in data center liquid cooling sales for CoolIT.”

“CoolIT Systems is at an exciting inflection point, managing a significant expansion of their business as liquid cooling is experiencing accelerated adoption by data center OEMs and operators,” said Vistara Partner, Noah Shipman. “Investment structures that efficiently facilitate growth over time is a hallmark of Vistara. We are thrilled to invest in and support another emerging Canadian technology leader.”

About Vistara Capital Partners

Headquartered in Vancouver BC, Vistara Capital Partners provides highly flexible and tailored technology growth capital for tech companies across North America. Founded, managed, and funded by seasoned technology finance and operating executives, “Vistara” (Sanskrit for “expansion”) is focused on enabling the growth and expansion of its portfolio companies. Additional information is available at www.vistaracapital.com.

About CoolIT Systems

CoolIT Systems specializes in scalable liquid cooling solutions for individual servers through to the world’s most demanding data centers and HPC systems. Through its modular, rack-based Direct Liquid Cooling technology, Rack DCLC™, CoolIT enables dramatic increases in rack densities, component performance and power efficiencies. From Passive Coldplate Loops specifically designed for the latest high TDP processors from Intel, NVIDIA and AMD, to Rack Manifolds and Coolant Distribution Units (CDUs), CoolIT’s reliable technology installs into any server or rack, ensuring ease of adoption and maintenance. For more information about CoolIT Systems and its technology, email or visit https://www.coolitsystems.com/.

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CapMan Infra invests into onshore wind farm in Sweden

CapMan Infra has completed its second investment on behalf of NH Investment & Securities Co., Ltd. (“NHIS”) and NH-Amundi Asset Management Co., Ltd. (“NH-Amundi”), major financial institutions in Korea. The investment is a managed account solution into Överturingen Wind Farm, a large onshore wind farm in Southern Norrland in Sweden. The investment highlights CapMan’s capacity to serve large international investors and CapMan Infra’s ability to access high quality Nordic infrastructure opportunities.

Under the managed account, CapMan Infra will manage NHIS and NH-Amundi’s acquisition of a 50% stake in the wind farm under development. Once completed, the wind farm has a capacity of 235 MW with an ability to produce green electricity for up to 265,000 apartments or 40,000 stand-alone houses annually. Construction on the wind farm has started and the park is expected to be fully operational by the end of 2019. CapMan Infra will manage the asset and the investment will generate long-term management fee for CapMan during the investment period.

“CapMan Infra is excited to partner with NHIS and NH-Amundi to help construct one of the largest onshore wind farms in Sweden. The transaction highlights our ability to access high-quality Nordic infrastructure projects,” says Harri Halonen, Partner at CapMan Infra.

“This mandate demonstrates our ability to provide value-add service to large institutional investors looking to increase their exposure to Nordic private assets. Our strategy includes broadening our international client base, and the co-operation with NHIS and NH-Amundi is a perfect example of its successful implementation,” comments Joakim Frimodig, CapMan’s CEO.

CapMan Infra’s investment focus is core infrastructure and core+ assets with limited market or contractual risks in the energy, transportation and telecom sectors. CapMan Infra recently held a first close on its first midcap Nordic infrastructure fund. The managed account investment into the wind farm is completed exclusive of the fund. The Nordic team operates from Helsinki and Stockholm with a total of 60 years of experience in infrastructure investments.

Scala Fund Advisory acted as placement agent and Newsec as financial advisor in the completion of the managed account investment.

For further information, please contact:
Harri Halonen, Partner, CapMan Infra, tel. +46 768 710 062
Joakim Frimodig, CEO, CapMan Plc, tel. +358 50 529 0665

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 €3 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

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The Carlyle Group Makes a Strategic Investment in Crimson Midstream, a Provider of Crude Oil Transportation and Storage Services

Carlyle

Investment to Accelerate Crimson’s Growth and Increase U.S. Crude Producers’ Access to Global Markets

WASHINGTON, DC – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announces it has made a strategic equity investment in Crimson Midstream Holdings, LLC (Crimson), a provider of crude oil transportation and storage services that operates more than 2,000 miles of pipeline in the U.S. transporting approximately 400,000 barrels of crude oil per day. This strategic partnership will help enhance Crimson’s support of shippers on its Gulf of Mexico, Louisiana and California pipeline systems and grow its presence in these regions and beyond as demand for U.S. crude export infrastructure increases. Carlyle’s Global Infrastructure Opportunity Fund provided the equity for this investment.

John Grier, Founder and Chief Executive Officer of Crimson, said, “The volume of crude oil being produced in the U.S. is unprecedented. Current pipeline and export infrastructure is insufficient to meet the needs of producers and rising global demand for U.S. oil exports. We look forward to working with Carlyle to build, upgrade and maintain the infrastructure needed to alleviate transportation bottlenecks and accelerate U.S. crude production.”

Ferris Hussein, a Managing Director on Carlyle’s Global Infrastructure team, said, “The U.S. oil industry is undergoing a massive transformation. The Shale Revolution has moved the U.S. from a crude importer to a significant crude exporter. We are pleased to partner with Crimson through this remarkable growth period.”

Crimson is actively expanding U.S. crude export capacity, including development of the Swordfish Pipeline. The binding open season for the Swordfish Pipeline is underway and, once complete, will utilize existing Crimson assets to provide much-needed near-term connectivity for shippers between St. James and Raceland, Louisiana to export markets via the Louisiana Offshore Oil Port LLC (LOOP) terminal facility in Clovelly, Louisiana.

Crimson is committed to pipeline safety and to applying technologies and best practices to ensure its pipelines are properly monitored and maintained for the benefit of its customers and communities.

Market Overview

U.S. pipeline capacity and export infrastructure has not kept pace with the recent significant increase in domestic crude production. The U.S. added over 1 million barrels a day of crude production in 2018 and is currently producing a record 11 million barrels per day, according to the U.S. Department of Energy. Experts agree that meaningful investment is required to accommodate new crude flows and ensure these volumes have market access. New pipelines need to be built, existing pipelines reversed and export infrastructure constructed.  Since the U.S. government lifted its ban on crude exports in December 2015, the total volume of crude exported by U.S. producers has reached as high as 3 million barrels per day, estimated by the U.S. Energy Information Administration.

* * * * *

About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $212 billion of assets under management across 339 investment vehicles as of September 30, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,625 people in 31 offices across six continents.

Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

About Crimson Midstream Holdings, LLC
Crimson Midstream Holdings, LLC is a provider of crude oil transportation and storage services in California, Louisiana and offshore Gulf of Mexico. Crimson safely and reliably operates more than 2,000 miles of pipeline transporting approximately 400,000 barrels of crude oil per day to end users. Crimson is led by a management team with deep experience in pipeline operations and management. For further information on Crimson, visit the company’s website at http://www.crimsonmidstream.com/.

Contact

The Carlyle Group
Liz Gill: +1 (202) 729-5385
elizabeth.gill@carlyle.com

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Ratos acquires remaining shares in TFS

Ratos

Ratos has acquired the remaining shares (40%) in the subsidiary Trial Form Support International AB (TFS) from partner and founder Daniel Spasic for an equity value of approximately EUR 11m. After the acquisition, Ratos’s ownership share totals 100%.

Ratos acquired 60% of TFS, an international service provider and a so-called contract research organization (CRO) that conducts clinical trials for pharmaceutical, biotechnology and medical device companies, from founder and owner Daniel Spasic in 2015. With the acquisition of the remaining 40%, Ratos now owns 100% of the company. The acquisition price for the remaining shares amounts to approximately EUR 11m.

“I am delighted that we have reached an agreement with Daniel to acquire the remaining shares of TFS. We strongly believe in this company, which operates in an attractive industry,” says Johan Rydmark, Director at Ratos and responsible for TFS.

TFS has approximately 650 employees and sales for the rolling 12-month period at 30 September 2018 totalled EUR 85.1m.

For further information, please contact:
Johan Rydmark, Director, Ratos, +46 76 109 94 41
Helene Gustafsson, Head of IR and Press, Ratos, +46 8 700 17 98

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