HENDRIX GENETICS and SALMONES AYSEN partner to advance COHO SALMON GENETICS in Chile

NPM Capital

Animal genetics market leader Hendrix Genetics and salmon producer Salmones Aysen have announced the signing of a Genetic Service Agreement. With this agreement in place, Hendrix Genetics will stimulate the Coho salmon breeding and genetics program to advance product performance for the Chilean market.

Hendrix Genetics, a NPM Capital portfolio company, will direct the program and will integrate innovative technologies, such as genomic selection. In addition, Hendrix Genetics will support broodstock and egg production management and will analyze data collected from breeding and processing. The partnership will allow Salmones Aysen to tap into the expertise and resources of a global, multi-species breeding company.

This partnership is a natural complement to Hendrix Genetics’ owned Atlantic salmon breeding and egg production operations in Chile. The Atlantic salmon operations serve a growing demand for eggs based on high health status, proven commercial performance and year-round availability.

Pablo Baraona, Managing Director of Salmones Aysen said: “Having established a solid production base in Coho salmon over a number of years, we wanted to engage with the global leader in animal and aquaculture genetics to take our business to new heights. We believe that Hendrix Genetics will help us to improve our production and outputs and facilitate our growth plans for the next ten years.”

Neil Manchester, Managing Director Aquaculture of Hendrix Genetics states: “We are delighted to work with Salmones Aysen. Like Hendrix Genetics, Salmones Ayes is a family company with strong values and an entrepreneurial spirit, and we are convinced that this partnership will deliver significant results.”

About the companies
Hendrix Genetics, headquartered in the Netherlands, is a leading company in the fields of animal genetics. It has a multi-species focus, with core activities in the breeding of layers, turkeys, guinea fowl, pigs, salmon, trout and shrimp. Backed by a strong portfolio of leading brands, Hendrix Genetics provides expertise and resources to producers in more than 100 countries, with operations and joint ventures in 25 countries and nearly 3,400 employees worldwide. Hendrix Genetics is developing an increasing global presence in aquaculture breeding having been a pioneer in the development of genetic and genomic technologies since the 1990’s, with Atlantic salmon breeding and egg production operations in Scotland and Chile under the brand name Landcatch, trout breeding and egg production operations in the USA, Chile and UK under the brand name Troutlodge, and shrimp breeding operations in Hawaii, Malaysia and Ecuador under the brand name Kona Bay.

Salmones Aysen is one of the largest dedicated Coho salmon producers in Chile, with a reputation for quality production and premium branded products. It has offices in Chile (Santiago and Puerto Montt), Japan (Tokyo) and USA (Seattle). Through a team of seasoned professionals in the salmon industry, Salmones Aysen controls every stage of the productive chain, guaranteeing the highest quality standards demanded by different markets around the world.

Also read: ‘Hendrix Genetics launches new products for Chilean salmon industry’

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NPM CAPITAL acquires 35% stake in OHPEN

NPM Capital

First and long-time investor Amerborgh sells a part of its stake in Ohpen to NPM Capital that upon the transaction will have a 35% stake in Ohpen. Amerborgh wanted to sell this stake to finance ongoing and future projects, like the arts and culture centre ‘het HEM’ in Zaandam, the Netherlands. Ohpen is a fast-growing Fintech company. The Ohpen SaaS, cloud native core banking platform administers retail investment and savings accounts for banks and other financial institutions.

Rutger Ruigrok, Managing Director at NPM Capital explains: “The technology sector is an increasingly important focus point in our investment portfolio. Already, we have had Ohpen in sight as one of the most promising technology companies that we have seen in the past few years. We are impressed with their achievements over the past ten years: a cloud native core banking engine, an impressive customer base and a wonderful foundation for further growth. We are very enthusiastic about now being part of their future.”

Having the new shareholder on board means a broadening of our options to finance future growth, although Ohpen can still advance with the growth capital that we raised early 2018, says Matthijs Aler, CEO of Ohpen. “With Amerborgh and now also with NPM, we have a well-balanced long-term shareholder structure that enables Ohpen to realize all of its future growth ambitions. I am really looking forward to working with the NPM team.”

Ohpen is the world’s first cloud native core banking provider and became a market leader in the Dutch midsize banking market over the past few years. In the near future, Ohpen will extend its services to large banks and the pension market.

Michel Vrolijk, Managing Director at Amerborgh Netherlands is happy with the fact that the company decided to invest in Ohpen ten years ago. “Our expectations at the time have always been exceeded. We hope to be a partner of Ohpen’s incredible adventure for a long time to come.”

About Ohpen
Ohpen is the first SaaS core banking engine in the world that runs entirely in the cloud. Ohpen liberates its customers from their legacy systems, making them more flexible, safe, scalable and compliant. Founded in 2009 by a team of experienced bankers and software developers, the Ohpen platform administers savings and investment accounts for clients such as Aegon, Nationale-Nederlanden, Volksbank and other banks, investment institutions and insurers. The company employs over 120 people in the Netherlands and Spain.

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Servelec announces sale of Servelec Technologies to Laurel Solutions

Montagu

Servelec confirms the sale of its subsidiary Servelec Technologies, a market-leading provider of remote monitoring systems, secure SCADA systems, and business optimization software, to Laurel Solutions, a holding company which works with leading businesses to grow the smart use and development of industrial technology.

Servelec
Servelec, a leading software provider to the NHS and local government for over 20 years, will now focus on the healthcare, social care and children’s services markets. With a strategy to support the provision of Digital Care, Servelec’s software helps NHS trusts to deliver against the NHS 10 year plan for digital maturity and supports local authority social work, youth services and education practitioners in accessing the right information at the right time to deliver improved outcomes.

Neville Davis, Chairman of Servelec commented; “We are pleased to confirm the sale of Servelec Technologies. The company has a strong strategy in place to further develop the business and we wish David Frost, Managing Director of Servelec Technologies, and the team every success for the future.

“Servelec is now wholly focussed on our core public sector markets of NHS and local government. As these markets continue to integrate and share data to deliver improved care, we are working very closely with our customers to provide what they need for a joined-up future. Digital Care is at the heart of what we do; we are certain that this will enable the sectors we address to provide higher quality service in a more cost-effective manner.”

Servelec Technologies
“Servelec Technologies is a leading, global provider of connected remote monitoring and control solutions, helping clients and industries to realise their digital futures. The business is a leader in the UK and other water and wastewater markets, and a major player internationally in sectors including energy, transport and infrastructure. This investment further builds out our leading portfolio in remote asset monitoring and control.” said Martin Carter, CEO of Laurel Solutions. “We are excited to partner with Servelec Technologies’ highly talented management team, and plan significant investment in innovative products and solutions that will enhance their already outstanding offering.”

“We’re thrilled to have the backing of Laurel Solutions as we start a new chapter as a standalone business,” said David Frost, Managing Director at Servelec Technologies. “They bring not only the technical knowledge, but the business operations experience and capital resources that will be instrumental in our success and future growth.”

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Transaction reinforces Hg’s position as Europe’s largest software investor, with Visma’s Enterprise Value now €6.5 billion

HG Capital

18 April 2019. Hg today announces that Hg Saturn and its investors have agreed to a further c.€640 million equity investment in Visma, a leading provider of business-critical software to private and public enterprises in the Nordic, Benelux and Baltic regions. The Canada Pension Plan Investment Board (CPPIB) will also make a further investment of c.€110 million in Visma as part of this transaction.

Hg is already the majority owner of Visma, having led the original delisting of Visma from the Oslo Stock Exchange in 2006.  Hg has been the lead or co-lead investor in Visma for the last 13 years.  Cinven, who first invested in Visma in 2014, sold part of its stake to Hg and co-investors in 2017 and is now selling the entirety of its remaining shareholding in Visma as part of this transaction.  The transaction values Visma at an enterprise value of over €6.5 billion.

Hg is Europe’s largest investor in private software business and has supported Visma’s management to build a world-class company through several stages of growth and innovation since 2006.  Most importantly Visma management, backed by Hg, started to invest in cloud and Software-as-a-Service (SaaS) in 2009.  This early investment has given Visma a significant competitive advantage, having transitioned, over the last decade, from a largely on-premise software provider to being Europe’s largest provider of cloud-delivered SaaS to businesses.  Today Visma has over $1billion of SaaS revenues delivered to more than 500,000 customers, with over 70% of Visma’s revenues coming from cloud-delivered SaaS products or services.

During Hg’s ownership period over the last 13 years, Visma’s world-class management team has delivered consistent revenue and profit growth of more than 20% per year, evolving from a business valued at under €450 million in 2006 into one valued at over €6.5 billion today.

Following completion of the transaction, Hg’s managed funds will own c.63% of Visma, alongside other significant co-investors including GIC, ICG, Montagu and CPPIB.

Nic Humphries, Senior Partner and Head of the Hg Saturn Fund said: “Working closely with Øystein Moan and his team over the last 13 years has been a pleasure.  Quite simply they are a world-class team, and great fun to work with.  They have built Europe’s leading SMB SaaS business. This is a testament to their technical competence and willingness to invest early and consistently for the long-term in new technologies that, in turn, bring great benefits to their nearly 1 million customers.  Hg were able to recognise the potential of SaaS well ahead of most investors because of our longevity and focus on the sector.   We are proud to have been by Øystein and Visma’s side every step of the way on this exciting journey for the last 13 years and many more in the future.”

Øystein Moan, CEO and Chairman of Visma said: “Hg is Europe’s largest and most consistent investor in software and SaaS businesses over the last 20 years, having led more software deals than any other private investor in Europe.  To have a partner with this background is a significant advantage for any management team and this experience has helped Visma on every step of our growth.  They have been, consistently, our largest investor over the last 13 years, demonstrating what long-term support really means.  I’m delighted that two world-class investors, Hg and CPPIB, have decided to invest further in the company.”

This investment re-enforces Hg’s position as Europe’s leading software investor.  Hg has led over 40 “platform” software investments and more than 200 bolt-on acquisitions, delivering industry-leading investment returns to its investors.  Successful software/SaaS investments include: Addison Software, Allocate Software, Computer Software Group, IRIS Software, P&I, RAET, Sequel, Sovos and over 30 others.

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Cinven agrees final realisation of Visma

Cinven

Successful realisation further strengthens Cinven’s industry-leading TMT track record

International private equity firm Cinven today announces that it has agreed to sell its remaining stake in Visma (‘the Group’) to Hg and Canada Pension Plan Investment Board for an undisclosed consideration. This transaction represents Cinven’s final realisation of Visma, following its partial realisation to an Hg-led consortium in June 2017.

Visma is a leading provider of business-critical software including accounting, tax and payroll applications to small and medium sized enterprises (‘SMEs’), retailers and local authorities across the Nordic, Benelux and Baltic regions. Cinven’s TMT team identified Visma as an attractive investment opportunity given its market leading position in the Nordic region, delivery of mission-critical software to a wide customer base, subscription model with high recurring revenues and significant growth potential as customers migrate their legacy ‘on premise’ software applications to online cloud-based applications. Having followed Visma since 2008, Cinven ultimately invested in Visma in 2014.

Since 2014, Cinven has worked closely with Visma’s industry-leading management team and its co-shareholders to generate strong financial performance, with revenue growth of more than 25% per annum, alongside transforming the Group into a more “pure-play” cloud based solutions provider, driving a premium exit valuation for Cinven. Key achievements under Cinven’s ownership include:

  • Executing a successful bolt-on acquisition strategy, with more than 80 acquisitions completed in the Nordic, Benelux and Baltic regions;
  • Delivering strong underlying trading growth through investment in Visma’s marketing capabilities and infrastructure to capitalise on cross- and up-sell opportunities across Visma’s extensive product portfolio;
  • Accelerating the transition of the business from traditional ‘on premise’ software to cloud based solutions, with software-as-a-service (‘SaaS’) and SaaS-like revenues representing more than 40% of the business today (vs. c. 10% at acquisition); and
  • Rationalising the Group through the sale of non-core divisions, including Visma’s Hosting business, BPO business and certain divisions within its Retail business.

Chris Good, Partner at Cinven, said:

“Øystein and his outstanding team are creating quite simply the best financial and accounting-focused software business in Northern Europe. We have been proud to be part of the progress the company has made over the last five years, supporting over 80 acquisitions and investing behind an exciting expansion in both the regions in which it operates and its product portfolio.”

Øystein Moan, Group CEO of Visma, commented:

“It has been great working with Cinven. The Cinven team has demonstrated an excellent understanding of our business and the market and helped us reshape our organisation to drive significant growth. The business has been truly transformed into a leading SaaS business in Europe, and is in a very strong position today, largely as a result of the support from Cinven and our other co-investors.”

The successful realisation of Visma reinforces Cinven’s strong TMT track record, with recent realisations including Ufinet Group, HEG and Numericable. Alongside these successful realisations, Cinven’s TMT team has continued to actively invest in the sector, with recent acquisitions including RTB House, One.com, Ufinet International and Allegro.

Completion of the transaction is expected to take place in Q2 2019. Cinven was advised on this transaction by Freshfields.

 

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ACTIVA CAPITAL acquires MEDISYS, software publisher in the medico-social sector, alongside entrepeneur Guillaume Bouillot

Activa Capital

Activa Capital has acquired a majority position in Medisys, together with Turenne Santé, the entrepreneur
and new CEO Guillaume Bouillot and the management team. Bernard Chevalier, founder, is supporting the
operation and remains a shareholder.
Medisys is a leading software publisher in the home-care field and for institutions specialized in dependent
persons.

After nearly 30 years at the head of the company based in Aix-en-Provence and created in 1991, its founder
Bernard Chevalier hands over the management to Guillaume Bouillot, a software entrepreneur.
The new management team will build on values that have made the company successful while providing
the means to accelerate the digitalization of personal services. The challenge is to support the
transformation of organizations that bring together care institutions, home support, medical/nursing
services and aids to daily life. Medisys’ development is based on its recognized expertise in the care of
dependent persons and on its technological innovations making it possible to streamline the operators’
organization and secure the patient follow-up. The company also intends to intensify the deployment of
traceability systems for hygiene and cleaning services in sensitive environments, particularly in the medical
sector, with its Mobiserv solution.
Thanks to 17 years of experience between the creation and sale of Eudonet (a publisher of CRM solutions),
Guillaume Bouillot brings a new energy to the company with a desire to accelerate by fostering links with
customers and the ecosystem.
Activa Capital and Turenne Santé will enable Medisys to strengthen its positions through strategic
acquisitions to complete its offer.

With this transaction, Activa Capital is making the 9th investment of its latest fund, Activa Capital Fund III.
Guillaume Bouillot, President of Medisys Holding, said: “I was very impressed by Activa Capital’s unique
ability to support entrepreneurs and bring its skills and energy to bear on their ambitions. The association
with the sector specialist Turenne Santé is a key asset for this transition from one entrepreneur to another
in a consolidating sector”.

Bernard Chevalier, Founder of Medisys, added: “This is a new momentum for Medisys, which has the solid
fundamentals to pursue and expand its rapid development and satisfy our most demanding clients in the
medico-social sector”.

Christophe Parier and Alexandre Masson, Partners of Activa Capital, completed: “We were impressed by
Medisys’ history and positioning. The arrival of Guillaume Bouillot will enable the company to carry out its
ambitious development projects. This acquisition is in line with Activa Capital’s strategy of investing in
companies that are at a turning point in their growth to help them accelerate their development”.

Mounia Chaoui, Associate Director, Turenne Santé stated: “We are delighted to support Guillaume Bouillot
and the Medisys teams in the takeover of the group, in partnership with Activa Capital. Medisys has
developed a remarkable offer that facilitates the development of home services, at the heart of new
healthcare policies that we are addressing with Capital Santé 2”.

Participants
New CEO
Corporate lawyer: Allen Overy (Raphaël Bloch)

Investors
Activa Capital: Christophe Parier, Alexandre Masson, Frédéric Singer, Elliot Thiéblin
Turenne Santé: Mounia Chaoui, Grégory Dupas
Financial Due Diligence: PwC (David Willems, Pierre-Mikhaël, Kévin Barrier)
Strategic Due Diligence: PMSI (Remi de Guilhermier, Florence Royer, Lucinda Nicholson)
Social and legal Due Diligence: Hogan Lovells (Stéphane Huten, Paul Leroy, Alexandre Jeannerot)
M&A advisor: Bryan Garnier (Thibaut De Smedt, Pierre Lafitte, Alexandre Brestin)
Corporate lawyers: Hogan Lovells (Stéphane Huten, Paul Leroy, Alexandre Jeannerot), Paul Hastings
(Sébastien Crepy)
Financing lawyer: Hogan Lovells (Alexander Premont, Luc Bontoux, Adrien Gaudron)

Founder
Vendor Due Diligence: Exelmans (Stéphane Dahan, Manuel Manas, Matthieu Réglade, Philippe Pelet)
M&A advisor: Edmond de Rothschild Corporate Finance (Philippe Duval, Marguerite Mell, Lucrèce
d’Assignies, Aurélien Rivière)
Corporate lawyer: Lamartine Conseil (Vincent Libaud)
Senior financing
Senior debt: Crédit du Nord (Bertrand Descours, Amandine Proux), Crédit Agricole Provence Alpes Côte
d’Azur (Christophe Lejeune, Violaine Mahier), BNP Paribas (Mathias Ronzeaud)

About Activa Capital
Activa Capital is an independent private equity company, owned by its partners, characterized by a proactive
strategy of supporting growth (organic and external). It currently manages more than €500 million on behalf
of institutional investors by investing in French SMEs and Mid-Caps with high growth potential and an
enterprise value ranging between €20 million and €100 million. Activa Capital supports its portfolio
companies to accelerate their development and international presence, often through active build-up
programs.
To learn more about Activa Capital, visit activacapital.com

About Turenne Capital Group
With more than €220 million under management, including more than €100 million for the FPCI Capital
Santé 2, Turenne Santé supports healthcare companies in their development and transmission challenges.

As an independent private equity player in France, the Turenne Capital group manages more than €1 billion.
Its teams, composed of 55 professionals, including 38 investors, based in Paris, Lille, Lyon, Marseille and
Metz, support more than 250 companies employing more than 23,000 people in the health, hospitality,
new technology, distribution and innovative services sectors.
To learn more about Turenne Capital, visit www.turennecapital.com

Press contacts
Christophe Parier Alexandre Masson Christelle Piatto
Partner Partner Communications Manager
+33 1 43 12 50 12 +33 1 43 12 50 12 +33 1 43 12 50 12
christophe.parier@activacapital.com alexandre.masson@activacapital.com christelle.piatto@activacapital.com
Mounia Chaoui Josepha Montana
Partner Communications Manager
+33 1 53 43 03 03 +33 1 53 43 03 03
mchaoui@turennecapital.com jmontana@turennecapital.com

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IK to support fire protection company BST

ik-investment-partners

IK Investment Partners (“IK”) is pleased to announce that the IK Small Cap II Fund has reached an agreement to acquire BST Brandskyddsteamet AB (“BST Group”), a leading Swedish provider of active fire protection services, from Infrea AB (publ). Financial terms of the transaction are not disclosed, and the completion of the transaction is subject to regulatory approval. The founders and management team will remain as shareholders.

BST provides a wide range of sprinkler system services, including consultancy & design, installation and repair & maintenance. Through its strong local presence across Sweden with a full-service offering and blue-chip client base, the Company has established a solid market position. The Swedish sprinkler market has experienced strong growth historically and is expected to continue to grow at a high pace driven by favourable trends such as tightening regulation, increased safety awareness and urbanisation.

“Despite its relatively young age, BST has established itself as a Swedish market leader within the fire protection market. We are truly impressed with the management team and all of BST’s employees, and we look forward to supporting the company as it continues on its growth trajectory,” said Kristian Carlsson Kemppinen, Partner at IK Investment Partners and advisor to the IK Small Cap II Fund.

“IK is a strong partner to support BST’s future development. BST has been a successful holding for Infrea and has increased its sales by over 50% during the ownership period,” added Tony Andersson, CEO of Infrea.

“BST was founded by entrepreneurs in 2012 and has grown rapidly since. I would like to thank Infrea for their support over the past few years. We are very excited to team up with IK given their vast experience in the fire protection industry,” concluded Peter Bühler, CEO and Co-Founder of BST.

BST will be the third investment in the fire protection segment made by IK Funds. In 2009, IK facilitated the merger between Minimax and Viking, resulting in one of the world’s largest companies in fire protection, and in 2015, the IK Small Cap I Fund backed svt Group, a leading German provider of passive fire protection.

For further questions, please contact:

IK Investment Partners
Kristian Carlsson Kemppinen
Partner
Phone: +46 8 678 95 00

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

Infrea
Tony Andersson
CEO
Phone: +46 8 401 01 81

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised close to €10 billion of capital and invested in over 125 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com

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DIF consortium selected as preferred bidder for Australian Cross River Rail PPP

DIF

Sydney, 12 April 2019 – DIF is pleased to announce that the PULSE consortium, comprising DIF Infrastructure V, Pacific Partnerships, BAM PPP PGGM and Ghella Investments & Partnerships, has been selected as preferred bidder on the Tunnel, Stations & Development PPP package of the AUD 5.4 billion Cross River Rail project in Brisbane, Australia.

The availability based public private partnership contract with the Cross River Rail Delivery Authority includes the design, build, finance and maintenance of a new 10.2km rail line connecting the north and south of Brisbane, which includes twin 5.9km tunnels under the Brisbane River and central business district. The PPP package also includes the delivery of four new underground stations and maintenance works that will be provided for 24 years.

Design and construction works will be undertaken by CPB Contractors, BAM International and Ghella. UGL will be responsible for mechanical and electrical works, as well as the maintenance services.

Marko Kremer, Partner and DIF’s Head of Australasia added: “DIF is excited to be working with the Cross River Rail Delivery Authority to deliver Queensland’s highest priority infrastructure investment. This landmark project is truly city-changing and will enable higher frequency and better connected public transport across the network.”

About DIF

DIF is an independent infrastructure fund manager, with €5.6 billion of assets under management across seven closed-end infrastructure funds and several co-investment vehicles. DIF invests in greenfield and brownfield infrastructure assets located primarily in Europe, North America and Australasia through two complementary strategies:

  • DIF Infrastructure V targets equity investments in public-private partnerships (PPP/PFI/P3), concessions, regulated assets and renewable energy projects with long-term contracted or regulated income streams that generate stable and predictable cash flows.
  • DIF Core Infrastructure Fund I targets equity investments in small to mid-sized infrastructure assets in the energy, transportation and telecom sectors with mid-term contracted income streams that generate stable and predictable cash flows.

DIF has a team of over 120 professionals, based in eight offices located in Schiphol (the Netherlands), Frankfurt, London, Luxembourg, Madrid, Paris, Sydney and Toronto. Please visit www.dif.eu for further information.

Contact:
Allard Ruijs, Partner
Email: a.ruijs@dif.eu

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Nordic Capital acquires digital identity pioneer Signicat

Nordic Capital

APRIL 11 2019
Nordic Capital acquires digital identity pioneer Signicat Image

  • Signicat takes aim at the fast-growing global digital identity market
  • Nordic Capital will accelerate Signicat’s international expansion and strengthen its position as the leading digital identity hub
  • The acquisition reinforces Nordic Capital’s leading position in the Northern European Technology & Payments sectorNordic Capital Fund IX (“Nordic Capital”) today announced the acquisition of Signicat, a high-growth provider of digital identity and signature solutions that operates the leading digital identity hub in the market. Nordic Capital will, in close partnership with the company’s management and existing shareholder Viking Venture, accelerate Signicat’s international expansion and strengthen the company’s market leading position and unique product offering.

    Founded in Trondheim, Norway in 2007, Signicat leads innovation in verified digital identity solutions, reducing risk while providing a smart and intuitive user experience. Its solutions enable companies and institutions, both in regulated and non-regulated industries, to offer efficient and user-friendly advanced online authentication, identification verification and electronic signature solutions.

    Signicat has more than 500 clients, with a stronghold in the financial services sector where the company works with providers such as DNB, Klarna, Rabobank, Santander, Société Générale and Western Union. The company’s solutions are also increasingly adopted across new verticals, being used for instance by blue-chip companies such as BMW, Konica Minolta and Schibsted Media Group. Among Signicat’s largest customers are also several of Nordic Capital’s current and former portfolio companies including Nordax, Nordnet, Intrum and Resurs Bank. In 2018, Signicat generated revenues of approximately NOK 180 million (EUR 19 million), primarily consisting of recurring subscription or transaction based revenues. The company has circa 115 employees across offices in Norway, Sweden, Finland, Denmark, UK, Germany, the Netherlands and Portugal.

    Signicat was acquired from Secure Identity Holding AS and other shareholders. Viking Venture III AS, Signicat’s other major shareholder, will re-invest all proceeds and continue as a minority owner, together with employee shareholders and with Nordic Capital as the majority owner.

    “As one of the most prominent and experienced investors in the FinTech sector with a long and proven track record of growing businesses, Nordic Capital is the perfect partner to support Signicat’s accelerated international expansion strategy,” said Gunnar Nordseth, CEO and Co-Founder of Signicat. “We live in a digital society where interactions between consumers and institutions are predominantly online and mobile-first. Trust is at a premium, and digital identity is the solution. Over the last 12 years Signicat has built a digital identity platform with all the tools any institution requires to establish mutual trust with its customers. With the ongoing global digital transformation, we are ideally placed to address this burgeoning market opportunity.”

    “Born from the most advanced digital identity market in the world, Signicat is a recognised leader in one of the most exciting and fast-growing technology areas globally acting as a key enabler for the digital economy,” said Fredrik Näslund, Partner at the Advisor to the Nordic Capital Funds. “The company has shown consistent high growth since inception, driven both by a rapidly increasing number of customers and strong volume growth among existing customers. Signicat’s highly experienced management team is well positioned to capitalise on enormous growth opportunities across geographies, customer verticals and products, as the digital transformation of the economy continues. Drawing on Nordic Capital’s significant experience across enterprise software, payment technology, financial services, and from scaling businesses globally, we are enthusiastic about the opportunity to help Signicat to further strengthen its market position and customer offering.”

    “As a leading Nordic growth software investor, we at Viking Venture have backed Signicat to become the market leader within digital identity in the Nordics. Together with Nordic Capital, we will support the company to become a global leader,” said Jostein Vik, Partner, Viking Venture.

    The acquisition of Signicat is the ninth investment by Nordic Capital’s latest fund, Nordic Capital Fund IX with EUR 4.3 billion in committed capital and which closed in May 2018. The acquisition builds on Nordic Capital’s recognised expertise and outstanding track record in the technology sector. Nordic Capital has made 14 Technology & Payment platform investments, including Bambora, Point and Trustly, and more than 40 add-ons since 2001.

    The parties have agreed to not disclose any financial details.

     

    About Signicat

    Based in Trondheim, Norway, and founded in 2007, Signicat operates the largest digital identity hub in the world, offering the only complete identity platform in the market, trusted to reduce the burden of compliance in highly regulated industries. With Signicat, institutions can build and leverage existing customer credentials to connect users, devices and even ‘things’ across channels, services and markets transforming identity into an asset rather than a burden. By ditching manual, paper-based processes and replacing them with digital identity assurance, customer on-boarding is accelerated and access to services is made simple and secure. Signicat has over 500 financial services and other organisations as clients, connects to more than 20 schemes globally and verifies more than 20 million transactions per month. For further information about Signicat, please visit www.signicat.com

    About Nordic Capital

    Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a proven track record. Core sectors are Healthcare, Technology & Payments, Financial Services and in addition Industrial Goods & Services and Consumer, Key regions are the Nordics, Northern Europe and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 14 billion in over 100 investments. The most recent fund is Nordic Capital Fund IX with EUR 4.3 billion in committed capital, principally provided by international institutional investors such as pension funds. The Nordic Capital Funds and vehicles are based in Jersey and are advised by advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital, please visit www.nordiccapital.com

    About Viking Venture

    Viking Venture is a leading Nordic growth software investor with more than NOK 2 billion under management. The fund is headquartered in Trondheim, Norway and is an active minority investor in fast growing software companies with international potential. For more information about Viking Venture, please visit www.vikingventure.com

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Ratos sells property to Swedish state

Ratos

As previously announced, Ratos has been in negotiations with the National Property Board of Sweden regarding a possible transfer of ownership of its Stockholm Lejonet 4 property to the Swedish state. Following these negotiations, an agreement has now been reached for the Swedish state to purchase the property. The agreement is conditional on the National Property Board receiving authorisation to complete the agreement from the Swedish government, upon approval from parliament, by 19 July 2019 at the latest.

Ratos will receive 550 MSEK in conjunction with the sale. The consolidated book value for the property at 31 December 2018 was 56 MSEK.

“The Stockholm Lejonet 4 property was acquired by Söderberg & Haak in 1938 and by Ratos AB (publ) in 1980. The security requirements in the area surrounding the property have gradually increased, resulting in a number of restrictions and obstacles in terms of how the property can be used, including entry and exit restrictions. Allowing the National Property Board to take over the property is therefore a logical alternative”, says Jonas Wiström, CEO of Ratos.

Ratos has the option to remain in the property until the end of 2021.

For further information, please contact:
Jonas Wiström, CEO, Ratos, +46 8 700 17 00
Helene Gustafsson, Head of IR and Press, Ratos, +46 70 868 40 50

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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