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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Lumos Networks and Spirit Communications rebrand as SEGRA

eqt

EQT portfolio company Lumos Networks and Spirit Communications today announced the completion of their rebranding as SEGRASM. The name, derived from an ancient word meaning “to win,” represents Segra’s focus on providing innovative, industry-leading solutions and services. 

EQT Infrastructure III acquired Lumos Networks (“Lumos”) in 2017 with an objective to grow the company’s fiber business both organically and inorganically, and to capitalize on attractive market trends. The later purchase of a majority stake in Spirit Communications (“Spirit”) and subsequent combination of the two companies marked an important step in this ambition. Today, the combined company launched its new brand: Segra.

“Spirit and Lumos were a natural fit given their shared focus on providing innovative, industry-leading fiber-based solutions and services, and we couldn’t be more excited about the outcome. The rebranding to Segra represents the successful combination of the two companies and the creation of one of the largest independent fiber bandwidth companies in the US,” said Jan Vesely, Partner at EQT Partners and Investment Advisor to EQT Infrastructure. “EQT looks forward to continuing to support Segra as it continues to grow, innovate and better serve its customers’ needs.”

Read Segra’s rebranding press release here.

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Unica acquires Dotwood and strengthens ICT positioning

Triton

Hoevelaken/Amsterdam (The Netherlands), 10 January 2019 – Unica, a Triton Fund IV company, announced the acquisition of DotWood, a specialist in Microsoft Dynamics solutions. The acquisition will strengthen Unica’s activities in the field of ICT, an area Unica Schulte ICT, a Unica company, operates in. The purchase price has not been disclosed.

With DotWood’s solutions, Unica expects to be able to respond even better to its customers’ increasing need for simplifying business processes. Microsoft Dynamics offers powerful applications that enable organizations to improve customer relationship management and planning. Because Microsoft Dynamics can be linked to more and more operational systems, integrated optimization and analysis of business processes is possible.

About Unica
Unica provides a wide diversity of technical solutions for your buildings. Using top-of-the-range, innovative technology and an all-round service package, Unica contributes to socially relevant issues in the field of security, comfort & health, ICT, and energy and sustainability. With a network of ten companies, Unica – with 14 sites and over 2,200 employees – is one of the largest providers of technical services in the Netherlands. Unica is amongst the ‘Top 250 Scale-ups in the Netherlands’, an initiative of the Dutch Ministry of Economic Affairs.

For further information: www.unica.nl

About DotWood
Over the years, DotWood has offered consistent, high-quality services to Microsoft Dynamics customers and thereby assures them of important business benefits of the Microsoft Dynamics CRM solutions. Our expertise comes from years of experience and our solutions meet the requirements of real estate companies, manufacturing & distribution companies, Life Science and service companies.

Our experts communicate in an understandable language, without too many technical concepts. In addition, we believe it is important to integrate our software in a way that suits your company culture and way of working.

DotWood is a Microsoft Gold Partner.

Read more at: www.dotwoodcrm.com/

About Triton
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 38 companies currently in Triton’s portfolio have combined sales of around €13.1 billion and around 85,000 employees.

Read more at: www.triton-partners.com

 

Press Contacts:

Triton
Marcus Brans
Phone: +49 69 921 02204

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Triton to sell Nordic Tankers to MOL Chemical Tankers

Triton

Copenhagen (Denmark) 08 January 2019– Funds advised by Triton (“Triton”) today announced the sale of Nordic Tankers A/S (“Nordic Tankers”) to MOL Chemical Tankers Pte. Ltd. (“MOLCT”), a wholly-owned subsidiary of Mitsui O.S.K. Lines, Ltd. (“MOL”), which is one of the largest shipping companies in the world and listed on the Tokyo Stock Exchange.

Nordic Tankers is a leading chemical tanker company, mainly operating in trade lanes in the Americas, trans-Atlantic and Europe. Triton acquired the company in 2012 and has since strengthened it through initiatives such as recruiting a new management team, investing in new vessels and participating in consolidation through the Crystal Nordic JV, which was sold separately last year.

“We would like to thank the management team, the employees and all other stakeholders for their contributions to Nordic Tankers’ development during Triton’s ownership. We view this as an appropriate time for a long term industrial owner to continue developing the company further” says Peder Prahl, Director of the General Partner to the Triton fund.

About Nordic Tankers
Nordic Tankers A/S is a leading chemical tanker company that transports specialized liquid products in bulk for large chemical producers and oil majors. Building on many years of industry experience, Nordic Tankers offer premium services in all designated core trade lanes. For more information, please visit www.nordictankers.com


About Triton

The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.

Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 38 companies currently in Triton’s portfolio have combined sales of around € 13.1 billion and around 85,000 employees.

The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.

For more information please visit: www.triton-partners.com

Press contacts:

Triton
Fredrik Hazén
Phone:  +46 709 483 810

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Burnett Specialists Selects Erecruit’s Enterprise Staffing Software Platform to Drive Business Transformation

STG Partners

Erecruit™, the leading global technology provider and visionary for the staffing industry, today announced Burnett Specialists, Texas’ largest employee-owned staffing & placement agency, has selected Erecruit’s Enterprise Staffing Software Platform to help increase automation and deliver exceptional talent, value and service to customers, consultants and employees as the company continues to scale.

Since 1974, Burnett Specialists has matched thousands of talented and skilled job seekers with top employers across a long list of industries. As the Burnett team has continued to build the company over the years, they have amassed a number of proprietary software applications and have realized those solutions need to be consolidated onto one enterprise-class solution to continue and accelerate their growth.  As technology is evolving and shaping the way recruitment and staffing companies operate, Burnett also made it a point to find a next-generation platform with enterprise-level configurable workflow, alerts and automation within the user interface.

After conducting a thorough ROI analysis on the software options under consideration, Burnett Specialists selected Erecruit’s Enterprise Staffing Software Platform to innovate service delivery while maximizing operational efficiency across the entire staffing lifecycle. Erecruit’s Front Office, Middle Office, eStaff365 Onboarding and TempBuddy modules are designed to automate administrative tasks and integrate with numerous third-party vendors that Burnett works with every day. Additionally, Erecruit’s strong integration with payroll and accounting systems will allow the Burnett team to use margin and financial information to prioritize the most profitable tasks and make the informed decisions that lead to increased revenue and profits. From a desk perspective, Erecruit will help automate dozens of time-consuming administrative tasks so that more time can be spent with candidates, clients, and on strategic activities rather than on administrative processes.

“We are pleased to partner with Erecruit and leverage their Enterprise Staffing Software Platform,” said Sue Burnett, Founder and President, Burnett Specialists. “As we continue to grow, it is imperative to utilize a comprehensive, all-inclusive solution that addresses the needs of our daily business activities today and in the future. Erecruit will empower us to accelerate our digital transformation and ensure we have the ability to grow Burnett Specialists.”

“With the tight labor market, Erecruit helps to differentiate enterprise staffing firms in the constant need to attract, source and onboard candidates,” said Dominic Gallello, President & CEO, Erecruit. “Working with Burnett, we look forward to continuing to enhance our industry leading Pay & Bill solution.”

About Erecruit

Erecruit offers the most comprehensive and innovative end-to-end staffing software platform designed to empower users to achieve exceptional results. The company serves the entire recruitment lifecycle with Erecruit Front Office, Middle Office, Credentialing and VMS solutions for enterprise staffing firms; Adapt Front and Back Office software for newly formed to mid-sized firms, eStaff365 Onboarding, and TempBuddy temporary workforce management platform. Learn more at www.erecruit.com

About Burnett Specialists

Burnett Specialists is a privately-held, employee-owned, Houston-based recruiting, temporary staffing, and headhunting company with offices in Houston, The Woodlands, Austin, El Paso, San Antonio, and Dallas, where they operate as Choice Specialists. Nationally certified as a woman-owned business, Burnett Specialists is widely respected as a diversity vendor.

Burnett Specialists offers their employers and clients the convenience of utilizing one localized source for all their recruitment needs from temporary staffing employees to direct-hire salaried professionals.  They have dedicated recruiting teams that focus specifically on unique skill specializations including: accounting, administrative / clerical, convention support, engineering, healthcare, HR, IT, legal, light industrial, management / professional, manufacturing, medical admin, mortgage / banking / credit union, sales / marketing, supply chain, customer service / call center, and corporate training.

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CapMan Real Estate grows its Nordic residential mandate for BVK to €820 million as it completes a significant off-market portfolio transaction

CapMan Real Estate has completed the acquisition of a residential portfolio from the Finnish fund manager ICECAPITAL and its local investors for a fund on the account of Bayerische Versorgungskammer (BVK), Germany’s largest public pension fund group.

The acquisition of ICECAPITAL Housing Fund III portfolio comprises 37 residential assets and 1,740 apartments with a combined area of some 100,000 sqm. The apartments are located mostly in the Helsinki Metropolitan Area. The off-market transaction was sourced by CapMan.

Following the acquisition, the investment volume of CapMan’s mandate from BVK increases to approximately €820 million, invested mostly in Helsinki Metropolitan Area, Copenhagen and Aarhus.

CapMan will continue to advise the fund on sourcing and managing transactions in the Nordics. The timing and size of additional commitments will be subject to the availability of suitable investment opportunities.

“We’re very pleased to add this high-quality portfolio to the BVK fund and continue to see increasing interest from international investors for Nordic residential properties,” comments Sampsa Apajalahti, Investment Director at CapMan Real Estate.

“The growth of the mandate is an excellent example of the confidence that international institutions have in CapMan’s local expertise. Investment mandates are part of CapMan’s strategy for servicing a broader customer base through our platform of local investment experts,” says Joakim Frimodig, CapMan’s CEO.

The mandate advised by CapMan is a real estate fund held on the platform of Universal-Investment. CapMan receives long-term advisory and performance fees from the mandate in accordance with standard industry practices.

For further information, please contact:
Sampsa Apajalahti, Investment Director, CapMan Real Estate, tel. +358 40 575 2363
Mika Matikainen, Managing Partner, CapMan Real Estate, tel. +358 40 519 0707
Joakim Frimodig, CEO, CapMan Plc, tel. +358 50 529 0665

About CapMan and CapMan Real Estate
CapMan Real Estate’s team consists of over 30 professionals based in Helsinki, Stockholm and Copenhagen. CapMan Real Estate was established in 2005 and has over €1.9 billion of assets under management deployed across four different investment strategies.

CapMan is a leading Nordic private asset manager with an active approach to value-creation. CapMan employs over 120 private equity professionals and has €3 billion of assets under management. Our current investment strategies cover private equity, real estate, infrastructure and credit. We also have a growing service business that includes procurement services, fundraising, and fund management services. www.capman.com

About Universal-Investment
With fund assets of around EUR 409 billion under administration, thereof EUR 321 billion in own vehicles and around EUR 88 billion in, inter alia, insourcing, well over 1,200 mutual and special investment mandates and a workforce of around 650, Universal-Investment is the largest independent investment company in the German-speaking region. With its three key service areas Administration, Insourcing and Risk Management, the company’s lies on the efficient and risk-orientated management of funds, securities, alternative investments and real estate. The investment company is the central platform for independent asset management and unifies the investment know-how of portfolio managers, private banks, asset managers and investment boutiques. Founded in 1968, the Universal-Investment group is headquartered in Frankfurt/Main and has subsidiaries and holdings in Luxemburg and Austria. It is one of the pioneers of the investment industry and has meanwhile become the market leader in the areas of master-KVG and private label funds. According to the 2018 PwC ManCo Survey, Universal-Investment is the largest AIFM ManCo in Luxembourg; among the Third-Party-ManCos, Universal-Investment also ranks in first place (as of 30 November 2018).

More information available at: www.universal-investment.com

About Bayerische Versorgungskammer
Bayerische Versorgungskammer is the competence and service center for occupational and communal pension schemes and Germany´s largest pension scheme group under public law. As a public authority of the Bavarian Ministry of the Interior, it is the joint executive body of twelve liberal professions´ and communal pension schemes. Bayerische Versorgungskammer covers about 2.2 million insured persons in total, with contributions of €4.6 billion and €3.3 billion pension payments annually. It currently has €72 billion assets under management and 1,270 employees. www.versorgungskammer.de

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US-based Advisors Asset Management appoints Kames for global sustainable equities

Kames Capital

Advisors Asset Management, a US-based investment manager, has strengthened its investment offering with the appointment of Kames Capital as Portfolio Consultant for a new unit investment trust (UIT).

The Kames Sustainable Equity Portfolio will be available to US investors and will seek to provide above average total return by investing in a portfolio of securities selected by Kames Capital, the Portfolio Consultant to the UIT.

Craig Bonthron and Neil Goddin of Kames Capital’s Edinburgh-based global equity team will recommend stocks for the portfolio. The team has a high-conviction stock-picking approach and invests globally across the market-cap spectrum.

Commenting on the appointment, Richard Stewart, Executive Vice President and Head of UIT Product Management for Advisors Asset Management, said:

“We are excited to partner with Kames Capital, a best-in-class asset management firm and a global leader in sustainable investing. We also look forward to growing our relationship with Kames Capital and to all the possibilities that lie ahead.”

Martin Davis, CEO of Kames Capital and Head of Europe for Aegon Asset Management, said:

AAM martin quote

About Advisors Asset Management

Established in 1979, AAM has become a highly respected financial force providing complete portfolio solutions tailored to the individual needs of financial professionals and their clients.

For nearly 40 years, AAM has been a trusted resource for financial advisors and broker/dealers. It offers access to Unit Investment Trusts (UITs), open- and closed-end mutual funds, separately managed accounts (SMAs), structured products and the fixed income markets, as well as portfolio analytics and exchange-traded funds (ETFs).

As of September 30, 2018, the brokerage and advised business at AAM represents approximately $26.1 billion in assets.

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