Presidio, Inc. Announces Definitive Agreement to be Acquired by BC Partners

Aug. 14, 2019 (GLOBE NEWSWIRE) — Presidio, Inc. (NASDAQ:PSDO) (together with its subsidiaries, “Presidio” or the “Company”), a leading North American IT solutions provider delivering Digital Infrastructure, Cloud and Security solutions to create agile, secure infrastructure platforms for commercial and public sector customers, today announced it has entered into a definitive agreement to be acquired by funds advised by BC Partners, a leading international investment firm, in an all-cash transaction valued at approximately $2.1 billion, including Presidio’s net debt.

Under the terms of the agreement, Presidio stockholders will receive $16.00 in cash for each share of Presidio common stock they own. The purchase price represents a premium of 21.3% over Presidio’s closing stock price of $13.19 on August 13, 2019, and a premium of 18.3% over the Company’s 60-day volume-weighted average share price leading up to this announcement. The Presidio Board of Directors unanimously approved the agreement with BC Partners and recommends that Presidio stockholders vote in favor of the transaction.

“We believe this transaction will provide immediate and substantial value to Presidio stockholders, while providing us with a partner that can add strategic and operational expertise to our business, with a focus on executing our long-term strategy,” commented Bob Cagnazzi, Chief Executive Officer of Presidio.

“Over the last several years, Presidio has become the leader in designing, developing, deploying and managing agile secure IT infrastructures that drive real business value for thousands of commercial and public sector entities across the United States,” said Fahim Ahmed, lead deal Partner of BC Partners. “We look forward to supporting the Company in its next phase of growth.”

“Presidio fits squarely with our key investment priorities. Its markets benefit from secular growth, as IT systems and networks have become increasingly complex. It is well positioned as a leader in a fragmented industry, offering scope for further expansion. We’re excited to partner with Bob and his team to support the future growth of the business,” said Raymond Svider, Partner and Chairman of BC Partners.

TRANSACTION DETAILS

Closing of the transaction is subject to customary conditions, including approval by the holders of a majority of the outstanding shares of Presidio common stock, expiration or early termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, and other required regulatory approvals, including approval from CFIUS. AP VIII Aegis Holdings, L.P., an affiliate of investment funds managed by affiliates of Apollo Global Management, LLC, which owns approximately 42% of the outstanding shares of Presidio common stock, has entered into a voting agreement with BC Partners, pursuant to which it has agreed, among other things, to vote its shares of Presidio common stock in favor of the merger, and against any competing transaction, so long as, among other things, the Presidio board continues to recommend that Presidio stockholders vote in favor of the merger.

Presidio expects to continue to pay its regular quarterly dividend of $0.04 per share, during the pendency of the transaction.

The parties expect the transaction to close in the fourth quarter of 2019. Upon completion of the transaction, Presidio will become a privately held company, and its common stock will no longer be listed on the NASDAQ stock market.

Under the terms of the definitive merger agreement, Presidio’s Board and advisors may actively initiate, solicit and consider alternative acquisition proposals during a 40-day “go shop” period starting from the date of the definitive agreement. Presidio will have the right to terminate the merger agreement to accept a superior proposal subject to the terms and conditions of the merger agreement. There can be no assurances that this process will result in a superior proposal, and Presidio does not intend to disclose developments with respect to this solicitation process unless and until Presidio’s Board makes a determination requiring further disclosure.

Fully committed debt financing for the transaction will be provided by Citi, JPMorgan Chase Bank, N.A. and RBC Capital Markets. LionTree Advisors is acting as financial advisor to Presidio, and Wachtell, Lipton, Rosen & Katz is acting as its legal counsel. Citi, J.P. Morgan Securities LLC and RBC Capital Markets are acting as financial advisors and Kirkland & Ellis LLP is acting as legal counsel to BC Partners.

ABOUT PRESIDIO
Presidio is a leading North American IT solutions provider focused on Digital Infrastructure, Cloud and Security solutions to create agile, secure infrastructure platforms for commercial and public sector customers. We deliver this technology expertise through a full life cycle model of professional, managed, and support services including strategy, consulting, implementation and design. By taking the time to deeply understand how our clients define success, we help them harness technology advances, simplify IT complexity and optimize their environments today while enabling future applications, user experiences, and revenue models. As of June 30, 2018, we serve approximately 8,000 middle-market, large, and government organizations across a diverse range of industries. Approximately 2,900 Presidio professionals, including more than 1,600 technical engineers, are based in 60+ offices across the United States in a unique, local delivery model combined with the national scale of a $2.8 billion dollar industry leader. We are passionate about driving results for our clients and delivering the highest quality of service in the industry.

ABOUT BC PARTNERS
BC Partners is a leading international investment firm with over €22 billion of assets under management in private equity, private credit and real estate. Established in 1986, BC Partners has played an active role in developing the European buy-out market for three decades. Today, BC Partners executives operate across markets as an integrated team through the firm’s offices in North America and Europe. Since inception, BC Partners Private Equity has completed 111 private equity investments in companies with a total enterprise value of €135 billion and is currently investing its tenth private equity fund. For more information, please visit www.bcpartners.com.

FORWARD-LOOKING STATEMENTS

This communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. Forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as “anticipate,” “intend,” “plan,” “will,” “would,” “estimate,” “expect,” “believe,” “target,” “indicative,” “preliminary,” or “potential.” Forward-looking statements in this communication may include, without limitation: statements about the potential benefits of the proposed acquisition, anticipated growth rates, Presidio’s plans, objectives, expectations, and the anticipated timing of closing the acquisition. Risks and uncertainties include, among other things, risks related to the satisfaction of the conditions to closing the acquisition (including the failure to obtain necessary regulatory approvals) in the anticipated timeframe or at all, obtaining the requisite approval of the stockholders of Presidio; risks related to the debt financing arrangements; disruption from the transaction making it more difficult to maintain business and operational relationships; significant transaction costs; unknown liabilities; the risk of litigation and/or regulatory actions related to the proposed acquisition; other business effects, including the effects of industry, market, economic, political or regulatory conditions; future exchange and interest rates; changes in tax and other laws, regulations, rates and policies; future business combinations or disposals; competitive developments; and other risks and uncertainties discussed in Presidio’s filings with the SEC, including the “Risk Factors” and “Cautionary Statements Concerning Forward-Looking Statements” sections of Presidio’s most recent annual report on Form 10-K and subsequently filed Form 10-Qs. The Company does not undertake any obligation to release publicly revisions to any “forward-looking statement,” including, without limitation, outlook, to reflect events or circumstances after the date of this presentation, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued “forward-looking statement” constitutes a reaffirmation of that statement. Continued reliance on “forward-looking statements” is at investors’ own risk.

IMPORTANT INFORMATION ABOUT THE TRANSACTION AND WHERE TO FIND IT
In connection with the proposed transaction between the Company and BC Partners, the Company will file with the U.S. Securities and Exchange Commission (the “SEC”) a preliminary Proxy Statement of the Company (the “Proxy Statement”). The Company plans to mail to its shareholders the definitive Proxy Statement in connection with the transaction. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY AS THEY BECOME AVAILABLE BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, BC Partners, THE TRANSACTION AND RELATED MATTERS. Investors and security holders will be able to obtain free copies of the Proxy Statement and other documents (when available) filed with the SEC by the Company through the website maintained by the SEC at www.sec.gov. In addition, investors and security holders will be able to obtain free copies of the documents filed with the SEC by the Company in the Investor Relations section of the Company’s website at investors.presidio.com or by contacting the Company’s Investor Relations at investors@presidio.com or by calling 866-232-3762.

PARTICIPANTS IN THE SOLICITATION
Presidio and certain of its directors, executive officers and employees may be considered participants in the solicitation of proxies in connection with the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the shareholders of the Company in connection with the transaction, including a description of their respective direct or indirect interests, by security holdings or otherwise, is included in the Proxy Statement described above filed with the SEC. Additional information regarding the Company’s directors and executive officers is also included in the Company’s proxy statement for its 2018 Annual Meeting of Stockholders, which was filed with the SEC on October 2, 2018, or its Annual Report on Form 10-K for the year ended June 30, 2018, which was filed with the SEC on September 6, 2018. These documents are available free of charge as described above.
Source: Presidio, Inc.

Media Inquiries

Investor Relations Contact:
Ed Yuen
866-232-3762
investors@presidio.com

Media Relations Contact:
Catherine Johnson
626-818-9287
Pro-bcpartners@prosek.com

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Novacap completed its largest acquisition at US $889 million

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Cdpq

Nuvei, one of Novacap’s portfolio companies, executes SafeCharge’s acquisition for US $889 million
Novacap, one of Canada’s leading private equity firms, is proud to announce that its portfolio company Nuvei, a Montreal-based payment technology company, has completed the acquisition of SafeCharge International Group Limited for US $889 million. SafeCharge provides global omni-channel payments services from card acquiring and issuing to payment processing and checkout, all underpinned by advanced risk management solutions. Its fully featured proprietary payment platform connects directly to all major payment card schemes including Visa, Mastercard, American Express and UnionPay International, as well as over 150 local payment methods.The acquisition creates a global leading payment solutions provider with significant scale, able to service clients of any size across the world. Montreal, Quebec, will become the worldwide headquarters for the combined organization.

Novacap played a critical role in this transformative and complex acquisition, which saw SafeCharge being privatized from the AIM stock exchange in London at a valuation of US $889 million. Nuvei’s acquisition of SafeCharge was done with great support from Novacap and Caisse de dépôt et placement du Québec (CDPQ).

The acquisition is highly strategic and complementary to both businesses, aimed at accelerating the growth of the combined organization. “By marrying SafeCharge’s market-leading technology and Nuvei’s established distribution channels in the US and Canada, Nuvei will now be able to deliver fully-supported payment solutions to its clients and distribution networks, regardless of size, vertical or geography,” said David Lewin, Partner at Novacap (TMT).

“I would like to thank our partner Philip Fayer for being the driving force behind this acquisition, while continuing to successfully excute on Nuvei’s strong growth potential, as well as CDPQ, our partner in Nuvei, for their constant support. I am very happy to say that Safeharge is the largest acquisition in Novacap’s 38 year history making Nuvei another Novacap platform that is a leader in its industry with headquarters in Montreal” added Pascal Tremblay, Novacap’s President and Managing Partner (TMT).

“Without Novacap and CDPQ, Nuvei would not have been able to complete this acquisition,. I am very proud to have them as my partners” stated Philip Fayer, Nuvei’s Chairman and CEO.

ABOUT NUVEI

Nuvei is the first-ever community of payment experts. They provide fully-supported payment solutions designed to promote and advance our partners’ success. Nuvei works with ISOs, ISVs, payment facilitators, developers, and eCommerce platforms, supporting them with the technology, expertise, and customer service they need to stand out. Backed by their full-service, globally connected platform, their vision is to build a network in which all partners can truly thrive. Nuvei’s goal is to create bigger and better payment opportunities for all, paving the way to great partnerships. Learn more at  www.nuvei.com

ABOUT NOVACAP

Founded in 1981, Novacap is a leading Canadian private equity firm with $3.2 billion of assets under management. Its distinct investment approach, based on deep operational expertise and an active partnership with entrepreneurs, has helped accelerate growth and create long-term value for its numerous portfolio companies. With an experienced management team and substantial financial resources, Novacap is well positioned to continue building world-class businesses. Backed by leading global institutional investors, Novacap’s deals typically include leveraged buyouts, management buyouts, add-on acquisitions, IPOs, and privatizations. Over the last 38 years, Novacap has invested in more than 90 companies and completed more than 130 add-on acquisitions. The company has offices in Toronto, Ontario and Brossard, Quebec. For more information, please visit  www.novacap.ca.

ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC

Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2019, it held CAD 326.7 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.

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Baird Capital Portfolio Company Apervtia Merges with Qcentive

Baird Capital

Baird Capital portfolio company Apervita today announced the acquisition of Boston-based Qcentive. The combined Apervita-Qcentive solutions will integrate clinical and financial insights into a single, secure platform to enable healthcare organizations to create value-based contracts that drive greater efficiency and quality of care.

Here the press-release:

Combined company to provide performance measurement, performance improvement and value-based contract administrative solutions to more than 1 in 5 U.S. hospitals and leading insurers

CHICAGO, August 13, 2019 – Apervita, the leading platform for performance-based collaboration in healthcare, today announced the acquisition of Boston-based Qcentive, a leader in value-based contract and alternative payment administration solutions for healthcare organizations. The combined Apervita-Qcentive solutions will integrate clinical and financial insights into a single, secure platform to enable healthcare organizations to create value-based contracts that drive greater efficiency and quality of care.

“Qcentive is the perfect complement to Apervita,” said Paul Magelli, CEO of Apervita. “Apervita has focused on performance measurement and improvement for providers and plans, including the ability to engage providers directly in their workflow. Qcentive’s focus on performance-based contracts between plans and providers and their associated economics is a natural extension.”

“Value-based relationships are critical building blocks to changing the way we buy and sell healthcare,” said Christopher Pilkington, co-founder and CEO of Qcentive. “Linking plans and providers through a trusted secure platform that aligns incentives across quality, efficiency and consumer satisfaction is absolutely essential. The Apervita-Qcentive combination is the first healthcare industry platform with the ingredients to make that happen at scale.”

Qcentive was launched in 2016 by Blue Cross Blue Shield of Massachusetts, a nationally recognized leader for value-based payment innovation. BCBSMA has engaged Apervita and will continue to be a customer of Qcentive technologies.

“Several years ago, we realized we needed a cloud-based analytics solution to make it easier to navigate the complex demands of a new generation of value-based contracts,” said Patrick Gilligan, executive vice president of sales, marketing and product for BCBSMA and CEO of its venture investment subsidiary, Zaffre Investments. “Not finding a solution in the market, we incubated Qcentive with the intent of sharing its innovations with the broader market. The combination of Apervita and Qcentive makes this vision a reality.”

Value-based contracts align financial and clinical quality incentives between healthcare insurance plans and hospitals, physicians, and other clinicians. These contracts establish metrics to measure the quality of care that consumers receive. BCBSMA’s Alternative Quality Contract, one of the largest and longest-running value-based models in the country, has substantially moderated cost growth while producing significant improvements in the quality of patient care, a recent Harvard Medical School study found.

Qcentive was designed to allow other healthcare organizations to create their own value-based models. It provides detailed insights into the quality of clinical care and financial results to both payers and providers on a continuous, year-round basis.

The combined Apervita and Qcentive entity will operate under the Apervita brand with offices in Chicago and Boston.

About Apervita
Apervita, Inc. is the first platform-as-a-service (PaaS) for the healthcare industry that enables providers, payers and their stakeholders to easily connect, build and share critical applications that lower costs, improve consumer and clinician experience, and improve healthcare outcomes. With Apervita, health enterprises can collaborate freely and securely within and outside of their organizations, streamlining, standardizing and auditing quality measures, operational metrics and care pathways. Apervita is used by approximately 1,000 U.S. hospitals.

About Qcentive
Founded in 2016 and based in Boston, Qcentive is the nation’s leading platform for streamlining the administration of value-based contracts and payment relationships in healthcare. The company’s cloud tools support the end-to-end lifecycle of value contract operations, including collaborative modeling and negotiation, rolling financial/clinical performance calculations and reports, actionable insight tied to actual financial rewards, and accurate final settlement/reconciliation.

About Blue Cross Blue Shield of Massachusetts
Blue Cross Blue Shield of Massachusetts is a community-focused, tax-paying, not-for-profit health plan headquartered in Boston. Blue Cross Blue Shield of Massachusetts is committed to the relentless pursuit of quality, affordable healthcare with an unparalleled consumer experience. Consistent with its promise to always put its members first, the company is rated among the nation’s best health plans for member satisfaction and quality.

For further information, contact:
Michelle Schallhorn
Vice President of Marketing
773.320.9788
michelle.schallhorn@apervita.com

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LPA acquires Tel Aviv based Modelity Technologies in a strategic move to become the leading CapTech player

Motive Partners
Lucht Probst Associates (LPA) acquires 100% of the shares in Modelity, a leading Israeli tech company for the financial and capital market industry
Combining the product and customer portfolios of Modelity and LPA makes the combined company the CapTech market leader in Europe
International expansion continues with a location in the Israeli technology metropolis of Tel Aviv, one of the most important tech hotspots worldwide

Frankfurt am Main, Tel Aviv 13.08.2019: The contracts have been signed: LPA, a leading provider of technology innovations for capital markets and financial institutions (CapTech) has acquired 100% of the shares of Modelity Technologies Ltd. The company, which has had a new majority shareholder in Motive Partners since the fall of 2018, is thus making further progress in its internationalization and on its way to becoming the global market leader for CapTech.

CapTech companies develop technology solutions and products that help financial services companies to increase their ability to innovate in their capital market activities. Specifically, they use their offerings and services to support their customers in scaling their business activities (through automation for example) and improving their business processes through sustainable optimisation and digitalisation – always in compliance with existing and future regulatory standards.

By acquiring Modelity Technologies, an experienced CapTech provider that was established in 2000 and employs 80 highly skilled technology capital markets and regulatory professionals, LPA has significantly expanded its customer base outside the DACH region, making it the largest and leading CapTech provider in Europe. By integrating Modelity, LPA has added state-of-the-art products and solutions to its own extensive CapTech suite. Whereas LPA has focused its technological activities on the digitalisation and automation of documents and processes, for example, Modelity now adds a multi-award-winning technology for financial and regulatory analytics to complete LPA’s future offerings. Based on this technology, Modelity recently developed Unicost, a system for monitoring regulatory reporting (e.g. costs & charges, product governance) between MiFID manufacturers and distributors and marketplace, a fully automated multi-dealer platform for the issuance and processing of personal investment products.

With the company’s location in Tel Aviv, LPA is gaining access to an extensive pool of top talents and to the great innovative strength of the Israeli technology scene and can continue to expand its own CapTech expertise. This opens up new ways for the company to generate further renowned national and international customers and recruit highly talented professionals.
The management team of Modelity will continue to serve the company. The old and new CEO of Modelity is Ayal Leibowitz, one of the founders of the company, who has more than 20 years of experience in management and software development and capital markets. Asaf Seri will continue as President and Chief Operating Officer (COO). Like Leibowitz, he has many years of experience and extensive expertise in software development and project management.

Peter Schurau, CEO of LPA: “Modelity and Tel Aviv fit perfectly with LPA. Experts in the Israeli technology metropolis have long been setting new trends in the digitalisation of the financial market industry. Making use of this know-how, combining it with LPA’s own expertise and working with our new colleagues in Tel Aviv on developing innovative products and solutions – that’s a really exciting prospect. I am very much looking forward to working with Ayal Leibowitz, Asaf Seri and the entire Modelity team.”

Stefan Lucht and Roland Probst, founders and directors of LPA: “The integration of Modelity Technologies is a strategic and significant milestone in the history of our company and adds the latest piece to our internationalisation strategy jigsaw. Above all, it strengthens our positioning as the market leader in the CapTech segment. Together we will be able to gain major new customers in highly attractive regional markets.”

Ayal Leibowitz, CEO of Modelity and new member of the Global Executive Committee of LPA: “The fact that we now belong to the LPA group is a wonderful opportunity for Modelity to add our in-depth expertise acquired over many years in developing technology solutions for the capital markets and to apply our know-how in a powerful group of companies. We will work together to achieve our common goal to become the leading global provider of capital market technologies”

About Lucht Probst Associates (LPA):
Lucht Probst Associates is a technology company specialising in the demands and characteristics of the capital market sector. The core business of LPA is the continual development and expansion of its portfolio of technology solutions for automated consultancy (LPA Digital Client Interaction), sales (LPA Captano) and documentation (LPADoc) for financial instruments, structured products and OTC derivatives. LPA offers market-leading solutions that support banks in efficient compliance with the requirements of MiFID II, PRIIPs and FIDLEG in conjunction with the Key Investor Information Document (KIID). This document contains the essential information about a financial product, including financial terms, risks and historical performance data for private investors. In addition to the development of technology solutions for the capital market, LPA offers strategic consultation, management and implementation services. Following the integration of Modelity, almost 300 technology and capital market experts are working on the international client portfolio at nine international locations.

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Advanced Attracts Investment From BC Partners

12th August 2019 – London, UK – Advanced announced today that it has secured an investment from Funds advised by BC Partners (“BC Partners”), a leading international private equity firm. The funds from BC Partners will support Advanced’s rapid growth aspirations to become the number-one provider of business software solutions in the UK, whilst expanding its global footprint. Vista Equity Partners (“Vista”), a leading investment firm focused on enterprise software, data, and technology-enabled businesses who acquired Advanced in 2015, will continue as an investor, partnering with BC Partners and the Advanced team to accelerate adoption of the Company’s cloud-based ERP, vertical market and application modernisation software solutions. Terms of the transaction were not disclosed.

This investment comes after a period of rapid growth and transformation for Advanced, the UK’s third largest software and services company. Since 2015, the Company has realigned its structure and successfully recruited more than 900 new hires across three regional hubs. More recently, Advanced has launched 14 cloud-based SaaS solutions and completed six acquisitions, further extending its offerings to UK mid-market organisations in the public, private and third sectors.

“This investment is an exciting development for Advanced. Today’s business leaders are under constant pressure to innovate, in order to sustain a competitive advantage. Vista and BC Partners share our vision for the future and will work to support our growth, benefitting our customers through continued improvement of our cloud-based software solutions and extending our offering through M&A and further innovation,” said Gordon Wilson, CEO, Advanced.

Going forward, Advanced will benefit from two committed investment partners with complementary areas of expertise. Vista’s experience growing world-class software companies, with BC Partners’ extensive cross-sector experience and local market expertise across Europe, will support continued long-term growth through strategic acquisitions and investments in product innovation across the company’s solutions.

Nikos Stathopoulos, Partner at BC Partners said, “Advanced has the hallmarks we look for in our investments – a market leader in a growing sector, with a strong management team and multiple levers for growth, both organic and by acquisition. We are pleased to partner with Vista and the Advanced leadership team to drive even more success for this high-quality business.”

Philipp Schwalber, lead deal Partner at BC Partners added: “We see significant, long-term potential to build on what Advanced has accomplished over the past four years, including its strong track record providing mission-critical ERP, vertical market and application modernization software solutions to its over 19,000 customers.”

Robert F. Smith, Founder, Chairman and CEO of Vista Equity Partners said, “Since 2015, we have worked closely with Gordon and the Advanced team to transform the Company into a leader in business software solutions. We are proud of the success the company has achieved and we are thrilled to have BC Partners join as an investment partner as we look forward to the Company’s next phase of growth.”

About Advanced

We are the third largest British software and services company in the UK. We help organisations create the right digital foundations that drive productivity, insight and innovation – all while remaining safe, secure and compliant.

We enable our customers to achieve increased efficiencies, savings and growth opportunities through focused, right-first-time software solutions that evolve with the changing needs of their business and the markets they operate in.

Our solutions for both commercial and public sector organisations simplify business challenges and deliver immediate value, positively impacting millions of people’s lives.

We have a strong track record in helping our customers journey to the Cloud. We manage private, public and hybrid Cloud environments as well as deliver sector specific Cloud-based solutions and services. We are certified partners with Amazon Web Services (AWS) and Microsoft, and have achieved the highest levels of accreditations.

Our Cloud solutions are used by organisations of all shapes and sizes including Highways England, Performing Rights Society (PRS) and Aspire Furniture.

www.oneadvanced.com

About BC Partners

BC Partners is a leading international investment firm with over €22 billion of assets under management in private equity, private credit and real estate. Established in 1986, BC Partners has played an active role in developing the European buy-out market for three decades. Today, BC Partners executives operate across markets as an integrated team through the firm’s offices in Europe and North America.

Since inception, BC Partners Private Equity has completed 111 private equity investments in companies with a total enterprise value of over €135 billion and is currently investing its tenth private equity fund. For more information, please visit www.bcpartners.com.

About Vista Equity Partners

Vista Equity Partners is a U.S.-based investment firm with offices in Austin, Chicago, New York City, Oakland, and San Francisco with more than $50 billion in cumulative capital commitments. Vista exclusively invests in enterprise software, data, and technology-enabled organizations led by world-class management teams. As a value-added investor with a long-term perspective, Vista contributes professional expertise and multi-level support towards companies to realize their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity. For more information, please visit www.vistaequitypartners.com.

Media Inquiries

Advanced

Andrea Hounsham
andrea@fireworkpr.co.uk
+44 07783 535928

Clare Homer
clareh@fireworkpr.co.uk
+44 07825 744134

BC Partners

Pro-bcpartners@prosek.com
+44 (0)20 8323 0475

Vista Equity Partners

Alan Fleischmann
vista@laurelstrategies.com
+1 202-776-7776

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Scandlines completes investment gradedebt financing

3I

Scandlines, a market leading European ferry operator between Denmark and Germany, has successfully raised a €305.6million debt facility which complements the financing platform put in place in 2017.The lending group is made up of international institutional investors active in the infrastructure financing space. The structure has been rated BBB by Fitch, with a portion of the proceeds used to prepay short-dated debt. 3i will receive €98.8m as part of the refinancing.

-Ends-

3i Group plc

Silvia Santoro Shareholder enquiries

Kathryn van der Kroft Media enquiries Tel: +44 20 7975 3258

Email: silvia.santoro@3i.comTel: +44 20 7975 3021

Email: kathryn.vanderkroft@3i.com

Notes to editors:

About 3i Group

3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Its core investment markets are northern Europe and North America.

For further information, please visit: www.3i.com

About Scandlines

Scandlines operates two short-distance ferry routes between Germany and Denmark with high frequency and large capacity. Our eight ferries provide efficient and reliable transportation services to the professional freight and private passenger markets, with more than 43,000 departures annually.

Regulatory information

This transaction involved a recommendation of 3i Investments plc, advised by 3i Germany.

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IK Investment Partners to sell Ellab to EQT

ik-investment-partners

IK Investment Partners (“IK”), a leading Pan-European private equity firm, is pleased to announce  that the IK VIII Fund has reached an agreement to sell Ellab A/S (“Ellab” or “the Company”), a leading global supplier of solutions and services for measuring, recording, monitoring and validating critical parameters of thermal processes to EQT. 

During the past 70 years, Ellab has grown from a small Danish manufacturer of thermometers to a leading global supplier of thermal validation solutions and services. The Company serves both small and large clients within the pharmaceutical, medical and food industries by providing solutions for applications like sterilisation, freeze drying, heat tunnels and pasteurisation, among others. Ellab’s solutions are well known for their industry-leading quality and are used by customers like Pfizer, Astra Zeneca, Mars, Getinge and many hospitals.

During IK’s ownership, Ellab has successfully broadened its product portfolio, executed a M&A strategy and continued to strengthen its organisation. The Company also more than doubled its number of employees over the past three years, creating over 100 new jobs whilst maintaining its strong profitability. Most recently, Ellab extended its offering to monitoring equipment through the acquisition of Hanwell in the UK.

“Thanks to IK, Ellab was able to make significant investments in human capital and strengthen its sales and service organisation, creating value for our customers. They have actively supported our ambitious growth agenda and helped us launch several new products. We now look forward to continuing on our next chapter in the Ellab story,” said Peter Krogh, CEO of Ellab.

“Ellab truly has proven the scalability of its business model, making it the right time to hand over the Company to a new owner. It has been a pleasure working with Peter and all of Ellab’s employees over the past three years and we would like to thank them for all their hard work and dedication,” said Alireza Etemad, Partner at IK Investment Partners and advisor to the IK VIII Fund.

Ellab is the first exit of the IK VIII Fund. Financial terms of the transaction are not disclosed. Completion of the transaction is subject to legal and regulatory approvals.

For further questions, please contact: 

IK Investment Partners
Alireza Etemad, Partner
+46 8 678 95 00

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

Ellab A/S
Peter Krogh, CEO
Phone: +45 4452 0500

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

About Ellab
Since the late 1940’s Ellab A/S has been a leading manufacturer of complete Thermal Validation Solutions for food, medical, pharmaceutical and other industries where thermal processing involves safety, energy savings, improvement of quality, and optimization. Ellab offers both wireless data loggers and wired thermocouple systems for highly accurate and reliable validation. For more information, visit www.ellab.com

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Hackman Capital Partners Acquires Film and TV Studio Production Services Platform The MBS Group from The Carlyle Group for $650 Million

Carlyle

Washington and Los Angeles  Hackman Capital Partners announced today that it has acquired, through an affiliated entity, The MBS Group (“MBS” or the “Company”), a film and TV studio real estate and production services platform, for $650 million from global investment firm The Carlyle Group (NASDAQ: CG).

MBS operates two separate, yet complementary businesses: MBS Media Campus and MBS Services. MBS Media Campus, or Manhattan Beach Studios as it is commonly known, is a 22-acre, 587,000 square foot, state-of-the-art studio production facility located in Manhattan Beach, California.  Hackman Capital Partners acquired the real estate asset in a joint-venture with an investment partnership led by Square Mile Capital Management.  MBS Services is a multi-national, studio-based, best-in-class production services and infrastructure business with a network of more than 35 partner studios including approximately 259 stages across the top TV and film production markets globally. Together, MBS Services provides the resources and infrastructure necessary for content production, consultation services, development, management and operational oversight. The Company’s customer base includes major media and digital content producers as well as best-in-class studio real estate owners with locations in the world’s top production markets.

Michael Hackman, CEO of Hackman Capital Partners, said, “The MBS Group has become the premier platform for content producers around the world and we are thrilled to add the MBS Media Campus to our growing portfolio of studio and media assets.  As competition for content continues to increase, we see tremendous opportunities to grow this real estate platform globally with MBS’s experienced and first-rate management team.”

Edward Samek, Managing Director at Carlyle, said, “We are proud of MBS’s evolution over the past 12 years, having built from scratch the services business and expanded the platform both organically and inorganically to create a network of top studios globally. MBS is well-positioned for continued growth, and we are confident they have a bright future ahead.  We are pleased to transition this operating business to the Hackman Capital Partners team who have continued to demonstrate extraordinary stewardship of these iconic media assets.”

Richard Nelson, President and CEO of MBS, said, “Ed and the Carlyle team have been exceptional partners for over a decade. Leveraging Carlyle’s global platform, operational expertise and resources, we created and launched an innovative business that expanded from a single location in Los Angeles to become a multi-national provider of services and high-tech solutions for media and entertainment companies. We look forward to partnering with the Hackman Capital Partners team as we continue to grow our platform of providing best-in-class service to the world’s top content creators.”

Carlyle’s US real estate arm, Carlyle Realty Partners, acquired MBS Media Campus from Oaktree Capital Management in 2007. Carlyle transitioned the studio from a third-party managed real estate asset to a full-service, “one-stop-shop” TV and feature film production studio led by a hand-selected, in-house management team. Building on the success of its approach to production services at the Manhattan Beach facility, the Company launched MBS Services to expand with its growing roster of blue-chip customers. Since its inception in 2013, MBS has evolved from a single location in Los Angeles, to become a global market leader, with a physical studio network across ten states in the U.S., and multiple locations across Canada and the U.K. including many of the worlds’ most iconic film studios.

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About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $223 billion of assets under management as of June 30, 2019, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,775 people in 33 offices across six continents.

About Hackman Capital Partners
Founded in 1986, Hackman Capital Partners is a privately-held, real-estate investment and operating company that focuses on buying, renovating and re-imaging vintage commercial, industrial, and studio properties.  The company started by acquiring industrial properties throughout the U.S. having owned through affiliated entities over 400 buildings in 41 states totaling 35-plus million square feet.  Recognizing the growing demand in the urban markets, Hackman Capital Partners was one of the early pioneers of converting industrial properties into creative office and media space in Southern California.  Notable projects include The Culver Studios, a historic 14.3-acre television and film studio in downtown Culver City and home to Amazon Studios; Television City Studios, the iconic former CBS broadcasting facility on 25-acres in the heart of West Hollywood; 5500 West Jefferson Blvd in Los Angeles; the Beats/Apple Southern California headquarters; Westwood One Studios in Culver City and 888 Douglas, a 550,000-square-foot creative media campus conversion on 30 acres in El Segundo.  Since inception, the Company has invested more than $4.0 billion in properties and is currently constructing approximately one million square feet of creative office and media-related campus space in Southern California.

About Square Mile Capital Management
Square Mile Capital Management LLC is an integrated institutional real estate and investment management firm based in New York. The firm’s opportunistic equity platform takes a value-oriented approach to its investment activities, with an emphasis on opportunities to acquire or capitalize real estate assets or enterprises that are undervalued, complex or undercapitalized. Square Mile Capital’s commercial real estate debt platform provides customized capital solutions for real estate owners and developers throughout the United States.  For more information, visit www.squaremilecapital.com.

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Anders Invest acquires Van Dam Machines

Anders Invest

On August 6th Anders Invest acquired Van Dam Machines. Van Dam, founded in 1962 and based in Amsterdam is one of the largest players in the world in the production and sale of printing machines for plastic and paper cups and trays, especially for the food industry. The company has a turnover of € 15-20 million and employs more than 60 people. It is the 16th investment for Anders Invest.

 

Van Dam is a world market leader in engineering, production and service of printing machines for plastic and paper packaging. The company has a worldwide customer base, consisting of printers and producers of packaging materials for the food industry. In its nearly 60 years of existence, the company has built up a large installed base of several thousand machines that can last up to 20 years, which is exceptional in this industry. Partly because of this, Van Dam has an extremely strong name in the market.

 

Van Dam, in close collaboration with an ink supplier and the largest customer, has developed a so-called In-Direct Flexo (IDF) technology with which the machines with the 4 CMYK colors can print all the required colors with a higher resolution than the conventional dry-offset technology and nevertheless at the same speed. Changeover times and batch sizes can therefore be reduced significantly. When printing paper packaging materials, IDF is the only technology capable of providing high-quality printing on this type packaging in an economical way. We expect that the paper packaging market will grow because of its sustainable image.

 

Van Dam assembles the machines in its factory in Amsterdam and sells them from the Netherlands and its American sales location in Fairfield to a worldwide clientele. The shares were acquired from director René Jepma, owner of Van Dam since 2009. The company is characterized by impressive technical expertise and a loyal and innovative team. Anders Invest is looking forward to be able to contribute to this great company. Van Dam is a good addition to our portfolio, which already has more machine manufacturing companies. Due to its exposure to the food industry it is in a robust business segment.

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K1 Announces Investment in Graduway, Leading Provider of Alumni Engagement and Career Services Management Software

K1

MANHATTAN BEACH, Calif., Aug. 7, 2019 /PRNewswire/ — K1 Investment Management (“K1”), a leading investment firm focusing on high-growth enterprise software companies, today announced its investment in Graduway, the global leader in alumni engagement and career services management software for educational institutions and non-profit organizations.

K1’s investment provides Graduway with significant resources to continue its path of accelerated growth and innovation and to rapidly expand its product suite. Additionally, the investment will allow Graduway to grow its operations in North America and to strengthen its position as the largest vendor in the market.

Graduway’s platform provides engagement, mentoring and development solutions for a global set of customers including colleges, universities, K-12 and independent schools and non-profit institutions. The company currently serves over 1,000 customers across more than 40 different countries, including an impressive list of top universities and schools such as UCLA, University of Oxford, University of Wisconsin, University of Arizona and Tulane University.

“K1’s track record of building category leaders and its experience working with high-growth software companies made them a compelling choice for partnership,” said Daniel Cohen, CEO and Founder of Graduway. “The K1 team’s unmatched resources and operational capabilities are enabling us to execute on our growth plans.”

Since K1’s initial investment in Graduway, the company has completed several strategic acquisitions to expand the capabilities and reach of its platform. These include the alumni relations and career services assets of CampusTap and the acquisition of VineUp, a rapidly growing provider of alumni mentoring software for higher education institutions. Most recently, Graduway announced the acquisition of the Communities Division of EverTrue and an exclusive integration partnership with its advancement automation platform.

The strategic consolidation of the industry solidifies Graduway’s position as the world’s largest provider of alumni relationship management software. The company has plans to further expand its suite of intelligence products, volunteering modules, event management and career services.

“We are thrilled to partner with Daniel and the Graduway team for the company’s next chapter of growth and market leadership,” said Mike Velcich, principal at K1. “Since we underwrote the investment, Graduway has already doubled its revenue and grown its team by over 80 employees.”

K1 is the only institutional investor in the company. Transaction terms were not disclosed. For additional information on the transaction, Graduway’s press release is available at https://www.prnewswire.com/news-releases/graduway-secures-60-million-investment-from-k1-investment-management-300885546.html.

About Graduway

Headquartered in the U.K. with operations in the U.S., Canada and Israel, Graduway is trusted by 1,000+ educational institutions and non-profits to power their alumni relations and digital career communities, including UCLA, Johns Hopkins and the University of Oxford. Founded in 2013 by Daniel Cohen, author of ‘Alumni Therapy’ and ‘The Mentoring Revolution’, Graduway exclusively hosts the Graduway Leaders Summit as a key gathering of leaders and executives from Alumni Relations, Career Services and Advancement. Visit Graduway at www.graduway.com.

About K1

K1 builds category leading enterprise software companies. As a global investment firm, K1 assists high-growth businesses achieve successful outcomes. K1 invests alongside strong management teams that continue to guide their organizations on a day-to-day basis. With over 85 professionals, K1 changes industry landscapes by assisting with operationally-focused growth strategies. Since inception of the firm, K1 has partnered with over 110 enterprise software companies including industry leaders such as Apttus, Buildium, Certify, Checkmarx, ChiroTouch, Chrome River, Clarizen, ControlUp, Granicus, IronScales, Jobvite, Onit, Rave Mobile Safety, RFPIO, Smarsh and WorkForce Software. For more information about K1, please visit http://www.k1capital.com or http://www.linkedin.com/company/k1im.

Source: https://www.prnewswire.com/news-releases/k1-announces-investment-in-graduway-leading-provider-of-alumni-engagement-and-career-services-management-software-300898124.html

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