Archives

Change in ownership: The largest shareholder of LTP Group, a company that has reshaped food logistics, is changing – the Company continues to target strong growth

LTP Group, which has achieved strong growth with Vaaka Partners over the past few years, is changing ownership. LTP Group has accomplished the goals set for the joint journey between its founder Matti Tuominen, and Vaaka Partners. A majority stake in LTP Group will be sold to Sponsor Capital. LTP management will continue as significant shareholders together with Sponsor also post transaction. The company will continue its rapid growth by carrying on with its mission of ensuring that the products from food producers of all sizes can make their way to dining tables across Finland. This is achieved by uniquely efficient logistics solutions that help conserve the environment and save money.

LTP Group’s joint journey with Vaaka Partners has been a success. Over a period of six years, the company has tripled its net sales and profitability. Net sales will exceed EUR 70 million this year. LTP Group, which currently employs over 450 people, targets high growth also going forward.

– “We have reshaped food logistics by consolidating many small flows of goods into a single large flow in a manner that no other operator has previously managed to execute successfully. It is a model that benefits everyone: producers, retailers, restaurants, consumers, and the environment. I am confident that this recipe will continue to create growth going forward, both for our customers and ourselves,” says Matti Tuominen, founder and CEO of LTP Group.

Giving small and medium-sized producers access to the national market

LTP Group’s primary competitive advantage lies in its unique solution for the picking and consolidation of foodstuff. Instead of each producer’s foodstuff taking a separate route to shops and restaurants, LTP Group collects products on a customer-specific basis and consolidates smaller flows of goods from multiple producers into boxes and truckloads based on the needs of shops and restaurants.

Another source of competitive advantage for LTP Group is its comprehensive nationwide distribution network, which covers shops, commercial kitchens and restaurants throughout Finland. LTP’s combination of these two competitive advantages create a unique and efficient food logistics solution.

– Our volume is large enough that our routes cover even the most remote towns. Our nationwide coverage and volumes enable us to serve small food producers along the way. This gives small and medium-sized food producers the opportunity to join a larger logistics chain and sell their products to the national market, which would, otherwise, be difficult or impossible for many of them,” Tuominen explains.

Shops and restaurants, in turn, gain access to a diverse range of products from various producers, consolidated in a single delivery according to their needs. This allows them to provide their respective customers with a wide product range that also includes specialty products. It is a solution that benefits all parties.

Efficient logistics reduces the burden on the environment

An efficient logistics solution that consolidates products from many players also reduces emissions. The same amount of goods can be transported more efficiently packed, using fewer vehicles and driving fewer kilometres.

– “With Vaaka Partners’ support, we have invested in automation and data-driven performance management. This has made us highly cost-conscious in terms of both environmental costs and financial costs,” Tuominen adds.

The change in the majority shareholder will not lead to any significant changes in the day-to-day business for LTP Group’s customers and partners. The company will continue to implement its proven recipe for growth, and the familiar day-to-day operations will remain unchanged.

The completion of the transaction is pending approval of the Finnish Competition and Consumer Authority.

For more information, please contact:

Matti Tuominen, CEO, LTP Group
tel. +358 40 503 5905, matti.tuominen@ltplogistics.fi

Tuomas Siponen, Partner, Vaaka Partners
tel. +358 50 571 3767, tuomas.siponen@vaakapartners.fi

Sami Heikkilä, Partner, Sponsor Capital
tel. +358 50 352 8905, sami.heikkila@sponsor.fi

LTP Group in brief:

LTP Group is a pioneer in food logistics that includes LTP Logistics Oy, which specialises in in-house logistics and customer-specific product picking; Lännen Teollisuuspalvelu, which specialises in Transbox washing and pallet services; and LTP Cargo Oy, which focuses on delivery operations. Together, the companies offer flexible and customisable logistics solutions that include picking, warehousing and transport services. LTP Group operates throughout Finland. The companies have over 450 employees and their combined net sales exceed EUR 70 million this year.

Vaaka Partners in brief:

Vaaka Partners is an ambitious private equity company that helps medium-sized Finnish companies to become business champions. Current Vaaka champions include Framery, AINS Group, Cloudpermit and Staria, among others. The company is responsible for over EUR 0.6 billion of private equity funds. Vaaka’s approach combines strategic and operational expertise with trust-based collaboration. The largest investors in Vaaka funds are Europe’s leading pension funds.
www.vaakapartners.fi

Sponsor Capital in brief:

Sponsor Capital is a Finnish private equity firm founded in 1997. The firm makes mainly majority investments in Finnish mid-sized companies that have an excellent management, stable market position and predictable cash flow. Sponsor Capital operates responsibly and long term as well as in a strongly goal-oriented mode and believing in management’s entrepreneurial spirit. Large Finnish institutions invest their capital through Sponsor Capital.
www.sponsor.fi

Categories: News

Tags:

True Wind Capital and Elyan Partners Make Strategic Growth Investment in Envoy Global

Truewind

SAN FRANCISCO, PARIS, CHICAGO January 24, 2022 –True Wind Capital (“True Wind”), a San Francisco-based private equity firm focused on investing in leading technology companies, and Elyan Partners (“Elyan”), a member of the Edmond de Rothschild Private Equity partnership, today announced a growth investment in Envoy Global (“Envoy”), a leading, mission-driven provider of software and services solutions to the global business immigration market. True Wind and Elyan are partnering with Palladium Equity Partners (“Palladium”), affiliates of which acquired Envoy in September 2021 and which will remain the company’s largest shareholder.

Based in Chicago, Envoy is a leading provider of workforce management solutions that empower companies to hire the best talent regardless of where they live while enhancing transparency and efficiency for both employees and employers. The company serves nearly 1,000 customers, including many Fortune 500 companies, across a broad range of industries, such as technology, healthcare, and finance, with an emphasis on STEM workforce needs. Envoy leverages proprietary technology and expert legal representation to help simplify and assist highly skilled foreign nationals, HR professionals and enterprises with immigration filing processes and human capital business needs.

Sean Giese, a partner at True Wind who will join the board of Envoy as part of this transaction, said, “Envoy is a dynamic, market leading company with a compelling value proposition that has become an important resource for companies and employees navigating the increasingly complex global immigration process. We look forward to supporting the company by leveraging our proven capabilities in building and scaling technology businesses, and working alongside management and our partners, Palladium and Elyan, to accelerate growth.”

“We welcome True Wind and Elyan as partners as we continue to simplify global immigration compliance programs and the sponsorship and management of work authorizations in key markets around the world,” said Dick Burke, President and Chief Executive Officer of Envoy. “Importantly, True Wind and Elyan share our values and recognize the critical work we do every day for the coalition of cultures, ethnicities and nationalities hoping to maximize their opportunities and reach their potential.”

Alex Funk, Principal at Palladium, added, “As Envoy continues on its growth trajectory, we are glad to have True Wind and Elyan join us in supporting the management team. We believe True Wind’s operational approach and legacy of helping build and transform software businesses, coupled with Elyan’s deep international presence and global relationships, make them valued partners in our collective efforts to expand and enhance Envoy’s impressive platform and reach.”

Jean-François Felix, Managing Partner at Elyan, commented, “Envoy is uniquely positioned in the U.S. immigration services market with its innovative and market-leading solution for businesses. We look forward, together with our partners Palladium and True Wind, and with the support of the Edmond de Rothschild group’s deep European network, to helping Envoy expand its services outside the U.S. and particularly in Europe, where similar market complexities create a strong opportunity to assist international companies with their staffing needs and facilitate the onboarding of international talent.”

Orrick served as legal advisor to True Wind, Dechert served as legal advisor to Elyan, and O’Melveny and Myers served as legal advisor to Envoy and Palladium.

About True Wind Capital

True Wind Capital is a San Francisco-based private equity firm focused on investing in leading technology companies. True Wind has a broad investing mandate, with deep industry expertise across software, data analytics, tech-enabled services, internet, financial technology, and hardware. Founded in 2015, True Wind has completed 11 platform investments and 20 add-on acquisitions. For more information, please visit https://www.truewindcapital.com.

About Envoy

Founded in 1998, Envoy is a global immigration services provider with an international footprint, working across offices in APAC, EMEA and the Americas. Envoy offers an immigration management platform that makes it seamless for companies to hire and manage an international workforce by combining expert legal representation — for both inbound and outbound immigration — and proprietary technology. Envoy empowers companies to acquire the best talent regardless of their global footprint; helps mobilize employees around the world to take advantage of business opportunities; and enables the management of entire global workforces, providing a strategic, proactive view into workforce and financial forecasting and compliance. Envoy has managed more than 30,000 cases and served more than 2,000 customers in a broad range of industries.

Website, technology platform and administrative services are provided by Envoy Global Inc., a Delaware corporation. U.S. legal services are provided by two U.S. law firms — Global Immigration Associates, PC and Corporate Immigration Partners, LLP. Global immigration services are provided by Envoy or Envoy’s global immigration service providers. All U.S. legal and global immigration services are fully integrated with the Envoy Platform for a seamless customer experience. Please visit www.envoyglobal.com for more information.

About Palladium Equity Partners, LLC

Palladium is the oldest minority-owned private equity buyout firm in the industry with over $3 billion of assets under management. The firm seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital, strategic guidance and operational oversight. Since its founding in 1997, Palladium has invested over $3 billion of capital in 38 platform investments and 148 add-on acquisitions, realizing 22 of these platform investments. The firm focuses primarily on buyout equity investments in the range of $50 million to $150 million. The principals of the firm have meaningful experience in consumer, services, industrials, and healthcare businesses, with a special focus on companies they believe will benefit from the growth in the U.S. Hispanic population. Palladium is based in New York City. For more information, visit www.palladiumequity.com.

About Elyan Partners and Edmond de Rothschild Private Equity

Elyan Partners is a member of the Edmond de Rothschild Private Equity partnership and is the exclusive financial advisor for the ERES (Edmond de Rothschild Equity Strategies) and Privilege funds, together totaling close to €1 billion in assets under management. Through a collaborative investment strategy with management teams and shareholders, Elyan is committed to supporting the sustainable growth of midcap companies in Europe and the United States.

Edmond de Rothschild Private Equity is an independent firm, part of Edmond de Rothschild Asset Management, with over CHF3 billion in assets under management. With an entrepreneurial approach to finance and backed by strong convictions, Edmond de Rothschild Private Equity builds and develops differentiating investment strategies that provide a sustainable response to environmental and social issues. Created in 1953, the Edmond de Rothschild group has CHF 168 billion in assets under management, 2,500 employees and 33 locations worldwide.

Media Contacts:

For True Wind Capital:
Jonathan Gasthalter/Nathaniel Garnick
Gasthalter & Co.
(212) 257-4170

For Palladium Equity Partners:
Todd Fogarty/Jeffrey Taufield
Kekst CNC
todd.fogarty@kekstcnc.com/jeffrey.taufield@kekstcnc.com

For Elyan Partners and Edmond de Rothschild Private Equity:
Laura Barkatz
Steele & Holt
+336658255414
laura@steeleandholt.com

Categories: News

Tags:

EURAZEO to invest in BMS Group, a high growth independent (RE)Insurance broker, alongside BCI, PCP and Management

Eurazeo

Eurazeo, through its Mid-large buyout team1 and its affiliates, to invest up to £355m in BMS Group and acquire up to 34% of its share capital. Eurazeo and its affiliates will join BMS alongside its existing shareholders British Columbia Investment Management Corporation (BCI), Preservation Capital Partners (PCP) and BMS’ management and employees. Eurazeo and BCI together will be majority shareholders of the Company for its next phase of growth. Completion of the transaction is subject to obtaining relevant regulatory approvals.

Definitive financial information will be disclosed once the transaction has been completed.

Established in 1980, BMS is a leading independent (re)insurance broker delivering comprehensive, customised solutions in the field of wholesale, reinsurance and retail insurance as well as capital markets advisory services. Headquartered in London, BMS benefits from a strong reputation for placement of large and complex risks and operates across 14 countries with 28 offices around the world (US, Canada, Latin America, Australia, Europe and Asia).

BMS represents Eurazeo’s latest investment in financial services, one of its four key sector of focus. Eurazeo, BCI and PCP will support, Nick Cook, CEO of BMS, and the rest of the BMS senior management team to pursue its proven growth strategy. In the period 2019 to 2022, revenues at BMS have increased from c.£100m to more than £250m, while staff numbers have risen by nearly 75% to c.900 people globally. The investment from Eurazeo and other shareholders is expected to enable BMS to further expand as a global independent specialty (re)insurance broker by growing its foothold internationally both organically and through an active M&A strategy.

EURAZEO’S DEEP EXPERTISE IN FINANCIAL SERVICES

With over €2.5 billion invested in financial services in over 30 companies across all stages of their lifecycle, Eurazeo has developed a strong expertise in this sector with over 30 global investment professionals across strategies (Venture, Growth and Buyout). Eurazeo’s unique “investment flywheel” has led to deep industry knowledge and key relationships across the financial services sector. The specialty insurance segment has been a key focus for Eurazeo, with existing investments such as Albingia (commercial P&C specialty insurer) and Descartes Underwriting (MGA focused on specialty risks).

Marc Frappier, Member of the Executive Board, Managing Partner of Mid-large buyout, commented:

“Our “investment flywheel” operates across the entire Eurazeo group, accelerating and enhancing our sourcing, due diligence and value creation activities in our core sectors, notably financial services. We offer a rare combination of deep sector expertise, global presence and collaborative culture to support successful businesses, like BMS, and their management team achieve their global growth ambitions”.

Maxime de Bentzmann and Eric Sondag, Managing Directors – Mid-large buyout, said:

“We have been exploring specialty insurance and reinsurance markets for some time and we are impressed by BMS’ growth trajectory over the recent years including significant expansion of its US Reinsurance business segment. Together with our powerful international network, we are convinced that the Group has tremendous potential across the globe both organically and through M&A”.

Nick Cook, BMS CEO, stated:

“The Eurazeo DNA focused on culture, agility and global ambitions resonates strongly with BMS values, making Eurazeo a clear partner of choice for our next stage of growth. We are excited to partner with them and leverage their deep sector expertise and transformational growth experience”.

——————–

1 Part of the Eurazeo Mid Cap Company

Categories: News

Tags:

Gimv invests in the energy transition and critical infrastructure in Germany and announces a partnership with Rohrleitungsbau Münster

GIMV

Topic: Investment

Gimv invests in Rohrleitungsbau Münster GmbH & Co. KG (www.rohrleitungsbau-muenster.de), an engineering, construction as well as maintenance and servicing company for pipeline and cable networks. In partnership with Gimv, Rohrleitungsbau Münster aims to sustainably grow its activities in the repair and maintenance of outdated infrastructure as well as its modernisation and expansion. Headed by managing directors Udo Kiewel and Markus Warmuth, the management team will take a stake in the company as part of the transaction.

Gimv’s goal is to build a complete service provider for the expansion, repair and maintenance of pipeline and cable networks in various supply media, investing both in employees and technology as well as regional expansion. Rohrleitungsbau Münster is a reliable partner to utilities, municipalities and industry. Aside from engineering and the expansion of infrastructure networks, Rohrleitungsbau Münster concentrates its efforts on recurring and local network maintenance, repair and servicing. Thanks to a high level of certification, a broad portfolio, technical expertise and an entrenched network of customers with strong regional ties, the company enjoys an excellent reputation for quality, safety, flexibility and technical competence – criteria that are very important to customers, which are primarily municipal and regional utilities. This has enabled Rohrleitungsbau Münster to develop an extensive, recurring customer base over recent decades.

Uwe Giebelstein, founder and former shareholder of Rohrleitungsbau Münster, notes: “With Gimv, we are delighted to have found a reliable and financially strong partner for the company’s continuation, who is eager to further develop Rohrleitungsbau Münster. Employees and customers alike will benefit from this growth.”

Commenting on the opportunities for the future, Udo Kiewel adds the following on behalf of the management of Rohrleitungsbau Münster: “Together with the entire workforce and the existing management team, we look forward to the future with confidence. Together with Gimv, we will implement our joint growth vision based on long-term added value, reliability and the highest quality standards. We will invest in modern technology whilst creating new jobs and further growth enabling us to offer additional services to our customers with the high level of quality and reliability they have come to expect.”

“The market for pipeline construction and cabling laying is characterised by strong growth trends and energy transformation in Germany, which we intend to shape with our Sustainable Cities platform. The energy transition, nationwide broadband expansion and recurring conservation measures of outdated network infrastructure increase the demand for competent and reliable providers with relevant permits, such as Rohrleitungsbau Münster. We are looking forward to this collaboration in order to drive forward Rohrleitungsbau Münster’s further growth” explains Maja Markovic, Partner at Gimv and responsible for the DACH region’s Sustainable Cities Platform

This participation will become part of Gimv’s Sustainable Cities platform, which focuses on sustainability over various different sectors as well as B2B services. This transaction is subject to the usual conditions, including approval by the competition authorities. Further financial details have not been disclosed.

 

Read the full document

Gimv

Karel Oomsstraat 37, 2018 Antwerpen, Belgium

www.gimv.com

Categories: News

Tags:

CapMan Special Situations invests in Aro Systems

Capman

CapMan Special Situations press release
23 December 2022 at 09:15 EET

CapMan Special Situations invests in Aro Systems

CapMan Special Situations invests in Aro Systems, a building technology services contractor. The objective is to develop the company as a frontrunner for energy efficient solutions in new development and renovations.

Aro Systems is one of the leading electrical and HVAC project service contractors and technical building service and maintenance providers in Finland. Founded in 1954, the company has successfully expanded under Aro family ownership. Aro Systems employs close to 350 professionals in the field of building technology in the Helsinki metropolitan area as well as in the Tampere and Oulu regions. In addition to installation services for demanding projects, the company delivers solutions that improve energy efficiency.

CapMan Special Situations fund becomes the majority owner in Aro Systems following this arrangement, while Aro Yhtiöt maintains significant ownership. In conjunction, a new Board of Directors will be established with Panu Routila, advisor for the CapMan Special Situations fund, to step up as Chairperson of the Board. Mika Huovinen will continue as the company’s CEO.

“The building technology market is growing and undergoing rapid transition. Aro Systems is well-positioned as a sustainable service provider and one of the frontrunners in energy efficient solutions. This transaction enables the acceleration in growth of the company’s maintenance service business as well as further development of contracting service processes,” says Antti Uusitalo, Partner at CapMan Special Situations.

“The involvement of CapMan supports our company’s profitable growth and development and is excellent news for our customers, employees and the business overall. Customer focus, service quality and an entrepreneurial spirit have guided us for almost 70 years. In the past few years, we have undertaken a rigorous renewal of the company. Together with the expertise provided by CapMan, we can accelerate the company’s profitable growth and improve its competitiveness,” says Paavo Aro, the Chairperson of Aro Yhtiöt.

The investment in Aro Systems is the fourth of the CapMan Special Situations fund.

The completion of this transaction is subject to approval by the Finnish Competition and Consumer Authority.

For more information, please contact:

Antti Uusitalo, Partner, CapMan Special Situations, +358 40 020 2663

About CapMan Special Situations

CapMan Special Situations pursues event-driven investment situations by providing flexible capital solutions and strong operational capability to deliver step-change performance improvements.

CapMan Special Situations is part of CapMan Group, a leading Nordic private asset expert with an active approach to value creation and approx. €5 billion in assets under management. Our objective is to pro,vide attractive returns and innovative solutions to investors. We are dedicated to set science-based targets to reduce our greenhouse gas emissions in line with the Paris Agreement. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover minority and majority investments in portfolio companies and real estate, and infrastructure assets. We also provide wealth management solutions. Our service business includes procurement and analysis, reporting and back office services. Altogether, CapMan employs approximately 180 professionals in Helsinki, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

Aro Systems

Aro Systems Oy is one of the leading providers of building technology expertise and services with close to 70 years of experience. Together with close to 350 professionals, the company is building a better environment for living and working. The company’s services encompass the entire life cycle of properties and building technology services in new construction and renovation projects. The company is established in the Helsinki metropolitan area as well as the Tampere and Oulu regions.

Categories: News

Tags:

Ardian acquires Milan office building in Via Vespucci 2, Porta Nuova district

Ardian

22 December 2022 Real Estate Italy, MILAN

The building will be transformed to meet Grade A Green+ and Net Zero Energy standards in line with Ardian Real Estate’s team commitment to ESG

Ardian, a world-leading private investment house, has finalized the acquisition of a Milan-based office building from a real estate fund managed by InvestiRE Sgr S.p.A. (Banca Finnat Group) through a co-investment vehicle with Primonial REIM France.

The property is located on Amerigo Vespucci 2 street in the heart of Milan’s Porta Nuova district. The building consists of approximately 12,300 sqm of floor space across for a total of 11 floors – of which nine are above ground.

The property is mainly vacant and will benefit from a major investment and redevelopment plan to transform it into a Grade A Green+ building. This certification is one of the highest sustainability rankings available for minimizing consumption and emissions. As part of the redevelopment, it will also become a Net Zero Energy Building.

“Ardian will invest heavily in transforming this property through a ‘Build-to-Green+’ strategy. As part of the development, we will work in accordance with the terms of the Paris Agreement to minimize CO2 emissions during construction and over the building’s lifetime. We have already launched a design competition inviting some of the most prestigious international studios to submit plans for the building. Our goal is regenerate an important part of the city by creating an attractive place to live for the local community and turning this iconic building into a pioneering example of sustainable redevelopment. “ Matteo Minardi, Managing Director, Ardian

” Even in a difficult geopolitical and macroeconomic climate, Ardian is continuing to invest in strategically located assets in the Italian real estate market. As a result of the Covid-19 pandemic and amid the energy transition, we have seen a shift in demand towards higher quality assets aligned to international ESG standards. Ardian’s strategy is to respond to this market trend by delivering high-performing and sustainable assets.” Rodolfo Petrosino, Senior Managing Director, Ardian

Advisor

  • Ardian

    • Legal: Ashurst
    • Fiscal: 5Lex
    • Administrative law: Gattai, Minoli, Partners
    • Technical aspects: Yard Reeas, General Planning
    • Notary office: Milano Notai
    • Commercial due diligence: JLL

  • Seller

    • InvestiRE SGR S.p.A

ABOUT ARDIAN

Ardian is a world leading private investment house, managing or advising $140bn of assets on behalf of more than 1,400 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks and family offices worldwide. Ardian is majority-owned by its employees and places great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1000+ employees, spread across 15 offices in Europe, the Americas and Asia, are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

www.ardian.com

Press contacts

Ardian

HEADLAND

ardian@headlandconsultancy.com  

Categories: News

Tags:

Tredence Raises $175 Mn in Series B Funding from Advent International

Advent International

The funding from Advent International will help Tredence build on growth momentum, strengthen vertical capabilities, and reach a broader customer base

SAN JOSE | BOSTON | BANGALORE | MUMBAI – December 22, 2022 – Tredence, the Data Science and AI Solutions company, today announced it has raised USD 175 million in Series B funding from Advent International (“Advent”) to accelerate data-fueled growth and AI value realization for industries. Advent is one of the largest and most experienced global private equity investors. The full financial terms of the agreement have not been disclosed.

Advent will acquire a minority stake in Tredence with the $175 million investment. Advent has significant investment experience in the technology services and software sectors. Recent IT and information services investments include Encora, CI&T, NielsenIQ, Neoris, Sophos Solutions, Aareon, Canvia, and QuEST Global Services.

The existing investor Chicago Pacific Founders (“CPF”), a leading private equity firm, will continue to be a meaningful shareholder in Tredence. CPF made its initial investment in Tredence in December 2020.

Founded in 2013 by Shub Bhowmick, Sumit Mehra, and Shashank Dubey, Tredence aims to bridge the gap between insight delivery and value realization, providing customers with a differentiated approach to data and analytics through tailor-made solutions.

Advent, alongside Tredence’s co-founders and CPF, will work with the company through continued investment in vertical and domain expertise, IP and accelerator repository, channel partner development, and operational excellence. The partnership will help drive Tredence’s vision to become the world’s most indispensable data and analytics partner. As a part of the transaction, Advent will be joining the Tredence board.

“We are thrilled to welcome Advent as a partner to Tredence,” said Tredence CEO Shub Bhowmick. “Advent’s global reach, deep sector expertise, and vast experience in scaling businesses like ours through organic and inorganic growth will be invaluable to us as we look to drive continued business innovation. Tredence was founded to help clients solve some of the most complex challenges across industries through pragmatic innovation and continuous experimentation. CPF has been a value-added partner over the last few years, and we are excited to be joined by Advent on this journey.”

“Data analytics is an exciting segment within digital IT services with secular growth. The practice is fueled by the rise in data created and captured globally, the reduced cost of compute and storage, and the opportunity for enterprises to tap into valuable insights to drive competitive advantage,” said Shweta Jalan, Managing Partner at Advent International in India. “Tredence has built the business with deep domain expertise that positions it well to become a category-defining leader in the space. We are very excited to partner with Tredence in the next chapter of growth as they build a $500M revenue organization.”

“Tredence is leading the way in designing data analytics strategies, uncovering actionable insights, and implementing outcomes-based AI engagement models for clients,” said Mary Tolan, Founder & Managing Partner, Chicago Pacific Founders. “Through its portfolio of AI/ML solutions, the company has led the charge for world-class data transformation initiatives for enterprises across industries. We remain confident in Tredence’s ability to deliver long-term financial results for its shareholders.”

In 2021, the company devised a vertical AI go-to-market strategy that combines deep data science expertise with business context to solve daunting industry problems. The company’s vertical AI strategy will focus on ATOM.AI, an integrated accelerator ecosystem that guides enterprises from design to experience to value.

About Tredence Inc.

Tredence is a global data science solutions provider focused on solving the last mile problem in AI. The ‘last mile’ is the gap between insight creation and value realization. Headquartered in San Jose, the company embraces a vertical-first approach and an outcome-driven mindset to help clients win and accelerate value realization from their analytics investments. Tredence is 1,800-plus employees strong with offices in San Jose, Foster City, Chicago, London, Toronto, and Bangalore, with the largest companies in retail, CPG, hi-tech, telecom, healthcare, travel, and industrials as clients.

For more information, please visit www.tredence.com and follow us on LinkedIn.

 

About Advent International

Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 400 private equity investments across 41 countries, and as of September 30, 2022, had $89 billion in assets under management. With 14 offices in 12 countries, Advent has established a globally integrated team of over 285 private equity investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; health care; industrial; retail, consumer and leisure; and technology.

For more information, please visit www.adventinternational.com and follow Advent on LinkedIn.

 

About Chicago Pacific Founders

Based in Chicago and San Francisco, Chicago Pacific Founders (“CPF”) is a leading healthcare private equity firm focused on investing in growth companies within value-based care, healthcare services, AI and tech enabled services, and providing for aging populations. CPF’s leadership team is made up of former healthcare founders, entrepreneurs, and investment professionals with a passion and track record of building high quality businesses.

For more information, please visit http://www.cpfounders.com and follow CPF on LinkedIn

 

Media contacts

India
Sivaram K
Tredence Inc.
Tel: +91 99860 70780
Sivaram.k@tredence.com

US
Sophia Templin
FGS Global
US PR Contact for Advent
Tel: +1 646 805 2000
Adventinternational-US@fgsglobal.com

Joanne Hogue
Smart Connections PR
US PR Contact for Tredence
Tel: +1 860 941 7065
joanne@smartconnectionspr.com

Categories: News

Tags:

First acquisition in Germany for Equistone portfolio company: Andra Tech Group strengthens its position through acquisition of metal precision components specialist Mayer Feintechnik

Equistone

Andra Tech Group (“ATG”), a leading group of companies focused on the manufacture of precision mechanical components, is making its first acquisition in Germany under Equistone’s ownership. With the majority acquisition of Mayer Feintechnik GmbH, the Dutch company is further expanding its portfolio and laying the groundwork for continued growth in the highly attractive German market. Former Mayer Feintechnik shareholder and CEO Frank Neuschulz, who sold his majority stake as part of the transaction, will reinvest in ATG.

Since its foundation in 1973, Andra Tech Group (formerly Kusters Beheer) has grown into a leading group in manufacturing high-tech precision parts and modules. Headquartered in the Netherlands, its five companies and c. 350 highly qualified employees serve an international customer base focused primarily on the semiconductor market and aerospace, transport, packaging, food and medical industries. In addition to developing and producing high-tech prototypes and small to medium-sized precision components, the group combines a high level of expertise in processing complex metals, plastics and composites with state-of-the-art technologies (including 3D metal printing and cleanroom assembly systems).

Based in Göttingen, Germany, Mayer Feintechnik has been a specialist in precision metalworking for over 50 years. The business is an established partner for the development and manufacture of high-complexity precision parts, systems or components in small and medium-sized batches. Mayer Feintechnik serves a broad range of customers across a number of high-tech sectors, including optics, lasers, medtech and semiconductors, acting as a reliable partner from project definition and conception to engineering, production and assembly. The company currently employs c.120 experienced, highly qualified people.

This acquisition makes Mayer Feintechnik the sixth company and first German business to join the fast-growing Andra Tech Group. As a result of the transaction, Mayer Feintechnik will be well placed to meet the increasing customer demand for its products and supporting processes, such as cleanroom services. Both companies will also share expertise and focus on maximising operational synergies through capacity utilisation and joint machine and material procurement.

“Mayer Feintechnik is now an important member of this fast-growing, leading group of companies. We look forward to starting a new chapter in our history together with Andra Tech Group and Equistone,” said Frank Neuschulz, previous shareholder and CEO of Mayer Feintechnik.

Geert Ketelaars, CEO of Andra Tech Group: “We are looking forward to working together with the employees and management of Mayer Feintechnik to support and grow the business and our customers. Mayer Feintechnik’s strong foothold in Germany is an important first step in the realisation of our ambition to grow the Andra Tech Group internationally.”

“With Mayer Feintechnik, Andra Tech Group has gained another highly professional partner. The acquisition not only accelerates ATG’s market entry in Germany but also creates a platform to support further acquisitions and geographical expansion in this highly attractive customer market,” said Philipp Gauß, Investment Manager in Equistone’s Munich office.

Hubert van Wolfswinkel, Dr Marc Arens and Philipp Gauß led the transaction on Equistone’s behalf. Equistone was advised on the transaction by De Angelis and Allen & Overy (Legal), PwC (FDD & Tax) and Livingstone (M&A).

PR Contacts

GERMANY / SWITZERLAND / NETHERLANDS

Munich, Zurich, Amsterdam

  • IWK Communication Partner
  • Ira Wülfing / Florian Bergmann
  • Tel: +49 (0)89 2000 30 30
  • E-Mail IWK

Categories: News

Tags:

Elise van Dam and Willem van der Graaf promoted to Investment Manager at Torqx Capital Partners

Torqx Capital

The partners at Torqx are extremely pleased to announce that both Elise van Dam and Willem van der Graaf have been promoted to Investment Manager.

Lennert Spek, Managing Partner at Torqx comments: “Both Elise and Willem demonstrated a very strong professional development in the past years and made a significant impact on various deal processes, our broader portfolio and Torqx overall.

Elise specifically has been instrumental in the acquisitions and further acceleration of both THB Verhoef and Fabory, including leading key add-on acquisitions. She is also the driving force in maintaining our connection with the broader financing community.

Willem played a key role in the acquisition of Intreso, VHE and CSi, and continues to make a big impact on working with the teams at VHE, CCG and Carwash. He further has a leading role in driving ESG across our portfolio as well as managing our Internship & Torqx Young Business Accelerator programs.

We congratulate both Elise and Willem on this important step in their careers and look forward to continuing building better businesses together and jointly driving the success of Torqx and our portfolio companies.”

Categories: People

CapMan Real Estate acquires a centrally located office property in Oslo, Norway

Capman

CapMan Real Estate acquires a centrally located office property in Oslo, Norway

The CapMan Nordic Real Estate III Fund (CMNRE III) has agreed to acquire Sørkedalsveien 6, an office property located in Majorstuen, Oslo city centre from Entra. The property, immediately located in the second largest public transport hub in the area, has altogether 19,300 m2 of space spread over 18 floors above ground and two below. CapMan Real Estate aims to modernise the building focusing amongst other things on improving its energy efficiency and targeting a BREEAM in-use Excellent or Outstanding rating.

Sørkedalsveien 6, is a prime office property located in Majorstuen, Oslo. The iconic property consists of approximately 17,200 m2 office, 1,300 m2 retail and 900 m2 storage space distributed across 18 floors above ground and two underground floors. It also has 70 parking spaces in the basement.

Majorstuen is the second largest public transport hub in the area with around 12 million annual commuters. The nearest subway station and several bus and tramlines are only a two-minute walk away from Sørkedalsveien 6 and a new subway line connecting Majorstuen all the way to Fornebu, a growing residential area, will start running in 2029 and further increase the asset’s connectivity.

Currently, the building is fully let to KPMG and Power Norge AS. The building serves as KPMG’s Norwegian headquarters since its construction in 2001. KPMG are expected to vacate the property at the latest in June 2026.

CapMan Real Estate plans to modernise the office and retail spaces, improving their energy efficiency and overall tenant attractiveness. The property is currently certified BREEAM In-Use Very Good. CapMan Real Estate is targeting a BREEAM in-use Excellent or BREEAM in-use Outstanding rating through its ambitious ESG investment plan.

”We look forward to developing this asset, creating a modern and attractive office space answering future tenants needs. The area is expected to become even more connected going forward and I see excellent potential for this iconic asset,” shares Magnus Berglund, Partner, Head of CapMan Real Estate Sweden and Norway.

The EUR 564 million CapMan Nordic Real Estate III Fund was established in 2020 and invests primarily in office, retail, and residential real estate in the Nordic regions.

CapMan Real Estate currently manages approximately EUR 4.5 billion in real estate assets and the Real Estate Team comprises over 65 real estate professionals located in Helsinki, Stockholm, Copenhagen, Oslo and London.

For more information, please contact:

Magnus Berglund, Partner, Head of CapMan Real Estate Sweden and Norway, magnus.berglund@capman.com, +46 707 866 808

About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation. As one of the private equity pioneers in the Nordics we have built value in unlisted businesses, real estate, and infrastructure for over three decades. With approx. €5 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We are dedicated to set science-based targets to reduce our greenhouse gas emissions in line with the Paris Agreement. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover minority and majority investments in portfolio companies and real estate, and infrastructure assets. We also provide wealth management solutions. Our service business includes procurement and analysis, reporting and back office services. Altogether, CapMan employs approximately 180 professionals in Helsinki, Stockholm, Copenhagen, Oslo, London and Luxembourg. We have been listed on the Nasdaq Helsinki since 2001. Read more at www.capman.com.  

Categories: News

Tags: