TID Informatik becomes part of the SCHEMA Group

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The SCHEMA Group (SCHEMA) is expanding its previous 27% shareholding in TID Informatik GmbH (TID) to 100%.

TID Informatik GmbH (TID), headquartered in Inning am Ammersee and with a branch in Amberg, Germany, produces the CATALOGcreator® software and specializes in electronic spare parts catalogs and the management of service and spare parts information. With its products SCHEMA ST4 and SCHEMA CDS, SCHEMA is the leading manufacturer of professional software solutions for product and process documentation.

As a new wholly-owned subsidiary of the SCHEMA Group, TID Informatik will continue to operate as an independent company on the market alongside SCHEMA Consulting and SCHEMA Systems. The previous managing directors, founders Robert Schäfer and Rafi Boudjakdjian, will continue to run TID Informatik GmbH as managing directors.

With this acquisition, the SCHEMA Group is expanding its portfolio as a provider of system solutions for content lifecycle management. With more than 300 customers from various industries, TID Informatik is the leading producer of software for the creation of electronic parts catalogs and service information systems. TID has recorded strong and profitable growth in recent years and employs around 50 people at its Inning am Ammersee and Amberg locations. The SCHEMA Group has thus grown to a total of 180 employees.

“I am delighted that TID Informatik and SCHEMA will be working even more closely together in the future. Through integrated software solutions and services, we can offer a unique platform for digitization and automation of product and service information,” explains Robert Schäfer, founder and Managing Director of TID Informatik GmbH.

“We are pursuing the same strategic goals together and complement each other perfectly,” emphasizes Marcus Kesseler, founder and Managing Director of the SCHEMA Group.

“Digitization and Industry 4.0 is based on professionally created, digitized and integrated product and service information. Together, we can offer our customers a unique product and service offering.”

What is SCHEMA?
The SCHEMA Group was founded in Nuremberg in 1995 and is a medium-sized software manufacturer with more than 130 employees. The SCHEMA Group produces component content management and content delivery solutions for editorial offices that create product-related content. Software from SCHEMA helps companies to describe complex products and to produce and distribute these descriptions on different media.

The XML editing system SCHEMA ST4 is one of the most widely used systems for the modular creation of documentation, package inserts and marketing materials. The system covers all areas of creation, versioning, variant control, translation, administration and publication of product-related content – from authoring support during input to the finished layout for the print catalog.
The SCHEMA Content Delivery Server offers companies a standard solution for automatically distributing intelligent information created in editorial systems to end users in a targeted and context-specific manner. This ensures that exactly the right information arrives automatically on mobile devices.

SCHEMA’s software solutions are used by more than 500 customers in the mechanical engineering, automotive, information technology, electronics, medical technology and pharmaceutical industries. Customers such as ABB, Agilent, Andritz, Bentley, Bombardier, Bosch, Bundesanzeiger, Carl Zeiss, Caterpillar, Daimler, Datev, Doppelmayr, General Electric, KSB, MAN, Miele, Österreichische Bundesbahnen, Philips, Porsche, Roche, Schaeffler Group, SEW Eurodrive, Siemens, SMA, Toyota, TüV, Voith and Wincor Nixdorf and many others rely on SCHEMA systems.

SCHEMA. Complex documents easy. www.schema.de

Translated with www.DeepL.com/Translator

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GBfoods enters exclusive final negotiations with CVC Fund V to acquire Continental Foods

Continental Foods owns portfolio of iconic local consumer brands such as Liebig, Royco, D&L, Erasco and Blå Band.

GBfoods, a food company headquartered in Spain, announced today that it has entered into exclusive final negotiations with CVC Fund V following a firm offer made by GBfoods for the acquisition of the European group Continental Foods.

Continental Foods was established in 1933 as a division of the Campbell Soup Company and was acquired by CVC Fund V in 2013. With a turnover of around 400 million euros and a team of over 1,000 employees, it operates in five key European markets: Belgium, where also its HQ is located, France, Germany, Sweden and Finland. Continental Foods owns a portfolio of iconic local consumer brands such as Liebig, Royco, D&L, Erasco and Blå Band, among others, with a long heritage and brand awareness among consumers.

Commenting on the transaction, Ignasi Ricou, CEO of GBfoods, said: “GBfoods is delighted to have entered into exclusive final negotiations for the acquisition of Continental Foods. Continental Foods is a great group of very similar culture to GBfoods, complementary markets, local culinary brands, a long heritage and a great team.”

Steven Buyse, Partner at CVC Capital Partners, added: “We are proud of the transformation that the management team at Continental Foods has realised under CVC Fund V’s ownership. Continental Foods is a fantastic company and would be a great addition to GBfoods, who share the same passion for local brands.”

The GBFoods was advised by AZ Capital, PWC, and Clifford Chance. CVC Fund V was advised by UBS, ING and Cleary Gottlieb Steen & Hamilton LLP.

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Cinven raises €10 billion for the Seventh Cinven Fund

Cinven

International private equity firm Cinven announces the close of the Seventh Cinven Fund (‘the Fund’) at its hard cap of €10 billion (c. US$11 billion)

Key highlights:

  • The Fund reached its hard cap in less than four months and was oversubscribed; follows successful fundraise for the Sixth Cinven Fund, which reached its hard cap of €7 billion in four months in 2016;
  • Significant support from longstanding investors, with a very high re-up rate;
  • Diversified investor base comprised of more than 180 investors representing more than 30 countries globally;
  • Reflects Cinven’s strong fund performance, with c. €11 billion of realised value in the last three years; and
  • Consistent investment strategy focused on European buyouts and selective North American investments.

Throughout its c. 30 year track record, Cinven has focused on building world class companies using its European focus and sector expertise. Cinven targets companies in which it can drive strategic growth and operational improvement, both in Europe and globally. Its functional specialists – the global Portfolio and Capital Markets teams – work closely with Cinven’s Sector and Regional teams to implement Cinven’s value creation strategies, resulting in revenue and profit growth both organically and through buy and build.

Alexandra Hess, a Partner of Cinven and Head of Investor Relations, said:

“It is a significant milestone for Cinven to have successfully concluded another fundraise in record time. It is testament to our longstanding investment performance through economic cycles, the strength of the Cinven team and the longstanding relationship Cinven has with its investors.

“Importantly, the continued partnership with existing investors, coupled with the support of select new investors, demonstrates their confidence in the Fund’s investment strategy and expertise in our defined sectors. The Cinven team views its relationship with the investors in our Fund as a partnership, and we are grateful for their support in enabling us to complete the fundraise in less than four months.”

Stuart McAlpine, Managing Partner of Cinven, added:

“We have raised a Fund that is right-sized for the market opportunity, and, through Cinven’s Sector and Regional teams, we continue to identify attractive investment opportunities that we can target to define angles and strategies to step-change growth.

“Cinven has a first class track record in internationalising businesses and executing successful buy and build strategies; as well as in creating market leaders in domestic markets and working in close partnership with management teams. We continue to invest in our team of more than 170 people; this ensures that we continue to have the platform to deliver strong and sustainable growth to investors in our Fund and their beneficiaries, both today and in the future.” 

Cinven has one of the longest standing successful European buyout track records. The Fifth Cinven Fund, a 2012 vintage fund, has generated a net Distributed:Paid-In (‘DPI’) multiple of c. 1.4x and is one of the strongest funds of its peer group.  Of the 17 investments in the Fifth Cinven Fund, nine have been fully exited at an aggregate money multiple of c. 3.2x.  Its latest fund, the Sixth Cinven Fund, has committed to 15 companies headquartered in 11 different countries to date. The unrealised portfolio of the Sixth Cinven Fund generated double-digit EBITDA growth last year. In addition, over the two most recent Funds, Cinven has completed more than 200 add-on acquisitions through its portfolio companies, reflecting Cinven’s strong buy and build capabilities.

Since January 2017, Cinven has completed seven successful exits, including the sales of CeramTec, a global manufacturer of high performance ceramics (3.2x); Medpace, a global contract research organisation (3.5x); and Ufinet Group, a leading independent fibre network operator (6.0x).

To date, Cinven has raised Funds totalling c. €37 billion and has invested in c. 135 companies across Europe and in North America. It became independent from the British Coal pension scheme in 1995 and raised its first independent Fund in 1996.

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Apax Funds, CPPIB and PSP Investments agree to sell Acelity and its KCI Subsidiaries to 3M for $6.725 Billion

Apax

KCI is a leading global medical technology company focused on advanced wound care and specialty surgical applications. 

SAN ANTONIO and NEW YORK, May 2, 2019: A consortium comprised of funds advised by Apax Partners (the “Apax Funds”), together with Canada Pension Plan Investment Board (“CPPIB”) and the Public Sector Pension Investment Board (“PSP Investments”), today announced that it has entered into a definitive agreement to sell Acelity, Inc. and its KCI subsidiaries worldwide to 3M for approximately $6.725 billion. KCI markets a broad range of negative pressure wound therapy, specialty surgical and advanced wound dressing products in approximately 90 countries.

Since 2011, Apax Partners, CPPIB and PSP Investments worked closely with Acelity/KCI’s senior leadership team to transform the business into a leading global company focused on advanced wound care and specialty surgical solutions. The company’s strategic M&A program included targeted acquisitions, such as Systagenix, in 2013, and Crawford Healthcare, in 2018, and disposals of non-core businesses, such as the LifeCell business unit, which was sold for $2.9 billion in 2017, and the Therapeutic Support Systems (TSS) unit, which was sold in 2012. The company also has undertaken a range of organic growth initiatives including investments in R&D, clinical studies, and the expansion of its sales force.

The product offering includes the KCI-branded negative pressure wound therapy, advanced wound dressings, and negative pressure surgical incision management systems. The company’s industry-leading brands include V.A.C.® Therapy, PREVENA™ Therapy and PROMOGRAN PRISMA™ Matrix, as well as the iOn Digital Health platforms. Upon completion of the transaction, KCI will become an integral part of 3M’s Medical Solutions business, which applies 3M’s science to deliver safe and effective solutions that improve clinical outcomes and healthcare economics.

“Today, KCI embarks upon a new era in its long history as a pioneer in healthcare,” said R. Andrew Eckert, CEO of Acelity. “The combination of KCI with 3M will accelerate the reach of a business that is a leader in innovation, customer experience and clinical and economic evidence. Backed by the resources and expertise of 3M,KCIwill be able to offer clinicians and patients even more compelling solutions designed to speed healing and improve outcomes. I would like to thank Apax, CPPIB and PSP Investments for their close partnership and strategic direction over the years shaping KCI into a premier global advanced wound care company.”

Steven Dyson, Chairman of the Board of Acelity and Partner at Apax Partners, said, “We are proud of our close work with management to successfully transform KCI through a range of growth initiatives, including an M&A program, that enhanced the Company’s strategic direction. We believe the business will have a great future with 3M. Lastly, we are grateful for the opportunity to have joined in this highly successful investment with CPPIB and PSP, two long-standing investors in the Apax Funds.”

“CPPIB is pleased to have supported KCI’s delivery of medical devices and products that benefit millions of patients around the world. During our investment, the company helped restore lives with the launch of innovative solutions and expansion into new geographies,” said Ryan Selwood, Managing Director, Head of Direct Private Equity, CPPIB.

“We are proud to have supported KCI and its management team during its exciting transformation journey, in partnership with Apax and CPPIB,” said Simon Marc, Managing Director and Head of Private Equity, PSP Investments. “KCI has successfully invested into novel organic growth initiatives and we are confident about its continued growth prospects with 3M.”

The transaction will be effected through the sale of Acelity, Inc., a direct wholly-owned subsidiary of Acelity L.P. Inc., and is expected to close in the second half of 2019, subject to customary closing conditions and regulatory approvals.

JP Morgan and Goldman Sachs are acting as financial advisors to the consortium. Simpson Thacher & Bartlett LLP and Jackson Walker LLP are acting as legal advisors to the consortium.

About KCI, an Acelity Company
KCI, an Acelity Company, is a well trusted brand in advanced wound care. We are a leader in negative pressure wound therapy, providing solutions for both wound healing and surgical management. Our product offerings are available in more than 90 countries and deliver value through solutions that speed healing. KCI is a leader in quality, safety and customer experience and is committed to advancing the science of healing.  Headquartered in San Antonio, Texas, KCI employs approximately 4,500 people worldwide.

About Apax Partners
Apax Partners is a leading global private equity advisory firm. Over its more than 40-year history, Apax Partners has raised and advised funds with aggregate commitments of over c.$50 billion. The Apax Funds invest in companies across four global sectors of Healthcare, Tech & Telco, Services, and Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see: www.apax.com.

In Healthcare, the Apax Funds have invested c.$8 billion of equity across medical devices, pharmaceuticals, healthcare services and healthcare IT. Within the medical devices sub-sector, the Apax Healthcare team has partnered with a variety of businesses such as Mӧlnlycke, Vyaire Medical, Candela and Healthium to create strategic leaders in their space.

About Canada Pension Plan Investment Board
Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits on behalf of 20 million contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, São Paulo and Sydney, CPPIB is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At December 31, 2018, the CPP Fund totalled C$368.5 billion.For more information about CPPIB, please visit www.cppib.com or follow us on LinkedInFacebook or Twitter.

About PSP Investments
The Public Sector Pension Investment Board (PSP Investments) is one of Canada’s largest pension investment managers with C$158.9 billion of net assets as of September 30, 2018. It manages a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and private debt. Established in 1999, PSP Investments manages net contributions to the pension funds of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. For more information, visit investpsp.com or follow us on Twitter and LinkedIn.

###

Acelity Media Contacts:

Cheston Turbyfill,
VP, Corporate Communications Acelity
cheston.turbyfill@acelity.com
+1 312-952-0837

Acelity Investor Contacts:

David Clair, CFA,
Westwicke Partners
investors@acelity.com
+1-646-277-1266

Apax Partners: 

Global Media: Andrew Kenny, Apax | +44 20 7 872 6371 | andrew.kenny@apax.com
USA Media: Todd Fogarty, Kekst | +1 212-521 4854 | todd.fogarty@kekst.com
UK Media: Matthew Goodman, Greenbrook | +44 20 7952 2000 | apax@greenbrookpr.com

CPPIB:

Darryl Konynenbelt
Phone: +1 416-972-8389
Email: dkonynenbelt@cppib.com

PSP Investments:

Verena Garofalo
Phone: +1 (514) 218-3795
Email: media@investpsp.com

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kate.albert@apax.com

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Acelity

Leading provider of therapies and products for the advanced wound care, tissue regeneration and therapeutic support system markets

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Oakley Capital agrees to invest in spanish digital insurance brokers

oakleycapital

Oakley Capital (“Oakley”), a leading Western Europe-focused private equity firm, has agreed to form a joint venture with Admiral Group plc (“Admiral”) to acquire two of Spain’s most well-regarded digital brokers for insurance and other financial products, Rastreator Comparador Correduría de Seguros S.L. (“Rastreator”) Asesor Seguros Online S.L. and Asesor Consumer Services S.L. (together “Acierto.com”). Completion of the transaction is subject to merger control clearance by the EU Commission as well as the approval of the Directorate-General for Insurance and Pension Funds in Spain.

Rastreator, a digital insurance broker, was founded in 2009 and allows users to buy insurance, financial products, travel, offers, telephone services, energy, finance and cars by comparing quotations. The business is currently 75% owned by Admiral, a British insurance company specialising in the direct sale of car insurance, and 25% by Mapfre, a Spanish multinational company dedicated to the insurance and reinsurance sectors.  In 2018, Rastreator generated revenues of €29 million.

Founded in 2007, Acierto.com is a digital insurance broker which enables consumers to compare prices from over 30 car, motorcycle, health, life and home insurance companies. Currently, Acierto.com is majority-owned by its two founders, Carlos and Mario Brüggemann, who will retain a stake in the combined group following the transaction.  In 2018, Acierto generated revenues of €13 million.

This transaction continues Oakley’s successful track record of investing in digital platforms across Europe. Having previously invested in Verivox, Germany’s leading energy price comparison website, and Facile, the price comparison market leader in Italy, Oakley has considerable expertise in the price comparison market.  The Spanish market is at an early stage in its development, and therefore presents a similar growth opportunity to that experienced by Verivox and Facile as the market develops.

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Industrifonden leads Series A round in IIoT pioneer Crosser

Industriefonden

We are glad to welcome the team at Crosser to the portfolio, as the company has closed a EUR 3 million financing round to support international expansion.

Together with German early stage tech VC 42CAP, we led the round, with participation from existing investors Spintop Ventures, Almi Invest and Norrlandsfonden.

With the IoT market growing in a rapid pace, we spend a lot of time thinking about industrial IoT and the next paradigm shift for the industry: industry 4.0. Crosser stands out because they understand the big picture, and has built a platform that complements and improves the customers’ existing technology. We are really excited about this partnership and what it will bring, says Martin Gemvik, Senior Investment Manager at Industrifonden.

Factory/Asset owners and machine builders are looking into digital solutions to increase uptime, optimize processes and find new business models. The Crosser real-time analytics platform helps enterprises to integrate the machine world with the rest of their business and accelerate their digital transformation.

We are very pleased to have two new investors with a strong interest in industrial technologies, says Martin Thunman, CEO and co-founder of Crosser. This round of funding enables us to expand internationally, build out our partner ecosystem and to invest further in the development of our platform. The first step will be to expand into Germany, the leading industrial country in Europe.

Crosser recently announced its “Bring Your Own AI” strategy with support for a variety of third-party machine learning frameworks and an open ecosystem approach for machine learning algorithms in the Edge. The Crosser platform offers a unique simplicity to deploy and orchestrate advanced machine learning algorithms, data processing, analytics and data integration in the Edge at scale.

More on Crosser

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Onex Invests in Convex

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Onex

Toronto, April 30, 2019 – Onex Corporation (“Onex”) (TSX: ONEX) today announced Onex
Partners V and a consortium of co-investors have committed to invest $1.8 billion in Convex
Group Limited (“Convex”), of which approximately $1.6 billion has been funded.
Convex is a de novo specialty property and casualty insurance company headquartered in Bermuda
with an office in London. The company will write insurance and reinsurance with a focus on
underwriting complex specialty risks across a diversified range of business lines. The company is
led by Stephen Catlin, Paul Brand and a team of well-respected insurance industry experts.
“We’re very excited to partner with Stephen, Paul and the rest of the Convex team. They have a
reputation for disciplined underwriting and strong relationships as well as a multi-decade track
record of delivering market outperformance,” said Bobby Le Blanc, a Senior Managing Director
of Onex.

Todd Clegg, a Managing Director of Onex continued, “Consolidation within the insurance sector
has created opportunity for an independent carrier with a focused, specialist proposition, capable
of serving clients with complex risk exposures. The Convex platform is designed to satisfy this
demand.”

“Onex has a track record of successful investing in the insurance industry and a consistent view of
the market opportunity making it the ideal partner for us,” said Stephen Catlin, Chairman and Chief
Executive Officer of Convex. “With Onex’ support, Convex is uniquely positioned to provide a
high touch, client-service focused approach and leverage innovative and proprietary technology to
enhance the value we bring to our clients.”
The funded investment includes $750 million from Onex Partners V, $780 million from
co-investors, including PSP Investments, and $50 million from the Convex management team.
Onex’ portion of the equity investment as a Limited Partner in the Fund is $124 million.

About Onex
Onex is one of the oldest and most successful private equity firms. Through its Onex Partners and
ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with
talented management teams. At Onex Credit, Onex manages and invests in leveraged loans,
collateralized loan obligations and other credit securities. Onex has $31 billion of assets under
management, including $6.4 billion of Onex proprietary capital, in private equity and credit
securities. With offices in Toronto, New York, New Jersey and London, Onex and the team are
collectively the largest investors across Onex’ platforms.
Onex’ businesses have assets of $51 billion, generate annual revenues of $32 billion and employ
approximately 217,000 people worldwide. Onex shares trade on the Toronto Stock Exchange
under the stock symbol ONEX. For more information on Onex, visit its website at
www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.
Forward-Looking Statements

This news release may contain forward-looking statements that are based on management’s current
expectations and are subject to known and unknown uncertainties and risks, which could cause
actual results to differ materially from those contemplated or implied by such forward-looking
statements. Onex is under no obligation to update any forward-looking statements contained
herein should material facts change due to new information, future events or otherwise.

For further information:
Emilie Blouin
Director, Investor Relations
Tel: +1 416.362.7711

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Italian wholesaler Raico changes name to KRAMP after integration

NPM Capital

Raico and Kramp have been fully integrated and will continue under the name Kramp. The name change ensues from the acquisition of Raico by Kramp, the Dutch supplier of parts and accessories for the agricultural sector, in 2018. The five stores in Italy that focus on the consumer market will keep the Raico brand name.

“We have strengthened our position in the Italian market through the acquisition of Raico,” says Kramp CEO Eddie Perdok. “The two companies have been merged at one location and we are going to build a warehouse with office space in the vicinity of Reggio Emilia. Becoming one company with one name marks a key milestone in our integration.”

New opportunities
“The combination of Kramp and Raico opens up new opportunities for our customers,” says Sales Director Italy Rafael Massei. “We have succeeded in integrating the strengths of Kramp and Raico. This results in a wider range, access to Europe’s largest webshop for agricultural machinery parts and accessories and better services for our customers. Our Italy-wide organisational structure will remain unchanged: our customers will retain their own contact person and will continue to be assured of quick deliveries from our central warehouse in Reggio Emilia.”

Background
Raico has collaborated with numerous suppliers that are specialised in the agricultural sector in Italy for more than 30 years. Kramp, which is an NPM Capital portfolio company, has a similar history, being founded in 1951. Kramp Groep is represented in 24 European countries and achieved a revenue of € 840 million in 2018.

Also read ‘Kramp: The success behind the “Amazon” of technical parts’

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Viridium Group completes acquisition of Generali Lebens- versicherung

Cinven

  • Viridium Group portfolio grows by around 3.8 million contracts
  • Full continuity for all policyholders of Generali Lebensversicherung guaranteed
  • Viridium Group CEO Dr Heinz-Peter Roß: “We will be concentrating single-mindedly on integration”

Viridium Group (“Viridium”), the leading specialist in the efficient management of life insurance portfolios, has completed the acquisition of Generali Lebensversicherung AG (“Generali Leben”) with effect from 30 April 2019. All the employees who have been servicing the portfolio of Generali Leben already have moved from Generali to Viridium Group. This means with the new portfolio company around 300 employees at its Hamburg and Munich locations have now become part of Viridium Group.

Full continuity is guaranteed for the policyholders of Generali Leben. Their contracts will con- tinue unchanged, and the contractually promised guarantees and benefits will be retained. The contacts in customer service and their contact data will also not change. Long-term service and cooperation contracts with Generali Deutschland AG (“Generali Deutschland”), amongst others on the management of the collective corporate pension business, will also guarantee continuity and stable business operations. The claims of brokers will remain unaffected.

The subsequent rebranding of Generali Leben is planned for autumn 2019 after a transition period. Written notification of this will be provided to customers in due time.

Generali Deutschland continues to hold a stake of 10.1% in Generali Leben.

Dr Heinz-Peter Roß, CEO of Viridium Group, commented: “We are delighted that from now on Viridium is privileged to take over responsibility for the customers of Generali Leben and their contracts. Over the coming months, we will be concentrated strongly on integration so that customers at Generali Leben can benefit from the advantages of our uniform, efficient plat- form.”

Following the acquisition, Viridium’s portfolio will amount to almost 4.8 million insurance con- tracts, and its portfolio companies will manage assets totalling approximately €60 billion (pro forma numbers as of the end of 2018). Viridium has subsequently significantly expanded its leading position in the efficient management of life insurance portfolios.

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INFRAVIA sells to Valorem its participation in Force Hydraulique Antillaise

InfraVia

InfraVia today announces it has agreed to sell to Valorem SA its 49% stake in
Force Hydraulique Antillaise SAS (“FHA”), the leading developer and operator
of hydro power plants in the French Caribbean islands.
FHA provides essential renewable electricity generation services in the French
Caribbean islands, a territory heavily dependent on fossil fuels.
With this transaction, Valorem acquires 51% of FHA from InfraVia and its founder
Raphael Gros (who keeps a 49% stake in the company).
InfraVia had invested in FHA in 2010 when the company operated a portfolio
of 1MW. Today, FHA owns 10.4MW of small scale operational plants, 6.4MW of
ready-to-build assets and has a further pipeline of c.100MW.
For this transaction, InfraVia has been advised by Astris (M&A) and Weil, Gotshal
& Manges (legal).

ABOUT INFRAVIA
InfraVia is an independent investment manager dedicated to the infrastructure
sectors. Founded in 2008, InfraVia manages several infrastructure funds, all
positioned as long-term investors across the European infrastructure mid-market.
InfraVia manages EUR 4 billion of assets with 32 people, deployed through 30 portfolio companies across 11 countries in Europe.
www.infraviacapital.com

ABOUT VALOREM
Valorem was founded in 1994 and is based in Bègles. Valorem is an independent
renewable energy company which develops renewable energy projects for its own
account and on behalf of third parties. Its services include technical assistance and
development, engineering, construction and operation and maintenance. The company
predominantly develops onshore wind farms, as well as solar and hydro power plants in
France and internationally.
www.valorem-energie.com

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