Category Archives: News

NPM Capital sells Groendus to consortium of APG and OMERS Infrastructure

NPM Capital

Investment company NPM Capital has decided to sell Groendus, the sustainable energy business, to a consortium of APG and OMERS Infrastructure. Groendus was formed in March 2021 as a consolidation of six companies active in solar power, (smart) metering and energy services. Groendus serves its clients with an integrated proposition that facilitates the shift toward 100% sustainable energy, and thereby accelerates the transition to a sustainable energy system. The financial details of the agreement were not disclosed.

Starting in 2019, several companies active in sustainable energy were acquired by NPM with the goal of developing a combined green energy proposition. This group of companies was integrated in 2021 and continued under the name Groendus. Groendus now employs 130 people at its headquarters in Utrecht and has grown into a leading player in sustainable energy, counting more than 4,000 businesses, municipalities, and institutions among its clients. Put together, these clients represent more than 170 MWp of installed capacity for solar power generation, more than 42,000 connections to the Mijn.Groendus platform for insight in energy use and savings potential, and more than 12,000 smart meters for larger electricity users. In addition, over 250 business locations now have direct access to sustainably produced energy through the Groendus Energy Marketplace – without the involvement of traditional energy suppliers. The current management team of Groendus, led by CEO René Raaijmakers, remains in place.

René Raaijmakers, Groendus CEO, said: “We are very grateful to NPM Capital and to our Supervisory Board for their support and confidence over the past years. Their invaluable contribution has helped Groendus become what it is today. Through our sustainable energy sources, the insights we provide through our smart energy platform and through our unique Energy Marketplace, we can make a significant contribution to the sustainable energy transition alongside our clients. We have grown into a solid business with a clear mission and vision, and we are well-equipped to leverage our platform to realise further growth. We are very happy that NPM Capital has facilitated the acquisition of Groendus by APG & OMERS Infrastructure. This heralds a new era for Groendus. The investment power and long-term vision of these pension funds will enable us to intensify and accelerate our efforts to further expand our services to our clients.”

Jeroen de Haas, chairman of the Supervisory Board of Groendus and advisor to NPM on the investment theme Sustainable Future, said: “The current energy system is going through a massive overhaul. That transformation is not only about green energy production through wind and solar sources, but it also covers power storage and smart connectivity to monitor and manage the market’s power consumption. For clients, this new sustainable energy grid is associated with additional complexity, and the market is in dire need of a partner who can help clients seize opportunities and make the transition to 100% sustainable energy. I am proud that we were able to build up that partner for sustainable energy over the past three years, together with the Groendus management and NPM. It is encouraging to see that with this transaction, APG and OMERS are demonstrating their confidence in Groendus’ significant further growth potential.”

Leonard van Loon, Investment Director of NPM Capital, said: “We are parting sooner than expected, but we are proud of what Groendus has achieved since we started with a number of acquisitions in large-scale solar projects three years ago. It has been a pleasure to work with Jeroen de Haas and the Groendus management. We built a broad market proposition together, resulting in a leading innovative company in the sustainable energy industry. For NPM, this investment was an extension of our strategic investment theme Sustainable Future. Through our investments within this theme, we aim to make an active and relevant impact on sustainability. We thank René Raaijmakers (CEO) and Daan Bouwman (CFO) for their incredible commitment to making this effort a successful one. With the consortium of APG and OMERS Infrastructure, Groendus will have a solid and ambitious new shareholder and a healthy foundation for further growth. We wish the new owners and all the people at Groendus every success.”

Contact

Breitnerstraat 1
1077 BL Amsterdam (NL)

Poortakkerstraat 93
9051 Gent (BE)

T: +31205705555
E: info@npm-capital.com

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Dilitrust joins forces with Hyperlex, reinforcing its position as European Legaltech Champion

Isai

DiliTrust, a SaaS software developer for legal departments with more than 2,000 customers in over fifty countries, announces it is merging with contract management system Hyperlex, with the support of financial partners Cathay Capital, Eurazeo, and Sagard NewGen. The combination of DiliTrust’s and Hyperlex’s services and expertise positions the new entity as a key partner for legal departments, offering a unique mix of service, technology, and know-how. By adding the cutting-edge technological expertise of Hyperlex, an intelligent contract management and analysis solution, DiliTrust is quickly accelerating to become the European champion of LegalTech.

This transaction, which follows major fundraising from Cathay Capital, Eurazeo and Sagard NewGen, enables DiliTrust to strengthen its portfolio of solutions in the key area of contract management as Hyperlex is a SaaS solution that structures and accelerates companies’ contractual process thanks to proprietary artificial intelligence. Hyperlex is user-centric, simplifying day-to-day legal and operational work, and supports professionals by optimizing the contract life cycle and enabling recurring tasks: recognizing contract type, clauses, drafting and negotiation, signature, and life cycle monitoring. DiliTrust will thus provide legal departments with an integrated suite of secure and innovative solutions designed to meet all their needs in digital transformation, collaboration, and compliance.

The merger will also help Hyperlex expand thanks to DiliTrust’s broad global reach, with over 25 years of experience in providing legal departments of large groups and mid-sized companies with an integrated suite of secure solutions covering the management of entities, board meetings, litigation and data rooms. DiliTrust is present on four continents and generates half of its revenue outside of France.

“This transaction, carried out with the strategic and financial support of our partners Cathay Capital, Eurazeo and Sagard NewGen, confirms DiliTrust’s ambition to become the leader in solutions for legal departments thanks to its unique positioning. DiliTrust and Hyperlex share the same vision, a common passion for legal combined with technology, and the same values of innovation in customer service, team spirit and excellence. Our daily dealings with legal professionals allow us to anticipate their needs and improve the efficiency of legal departments. The promise of the DiliTrust Governance suite, which Hyperlex will reinforce, is to provide solutions that are easy to deploy and use, and that accelerate our customers’ digital transformation,” said Yves GARAGNON, CEO of DiliTrust. “One month after the new resources entrusted to us by our shareholder funds, we are pursuing our commitment to serve our clients better and better with the most relevant solutions to meet their needs,” he added.

“We are delighted to join the DiliTrust group, whose services complement Hyperlex’s perfectly. Today, companies are aware that legal processes, especially contract management, are becoming critical, and a major performance issue. Together with DiliTrust, we are ideally positioned to meet these needs. We share DiliTrust’s deep entrepreneurial culture, but above all, the ambition to become a European champion of LegalTech that will accelerate and secure legal processes to better serve companies’ business challenges” says Alexandre GRUX, CEO of Hyperlex.

The 60 members of the Hyperlex team (technology and product experts, marketing and sales forces), based in France, will join the 170 experts at DiliTrust, which plans to strengthen its workforce with an ambitious worldwide recruitment plan in 2022.

With a LegalTech market in total flux, DiliTrust makes its first major growth acquisition with Hyperlex.

About Hyperlex
Hyperlex is a user-friendly and secure online contract management solution designed to structure and accelerate companies contractual processes. From contract generation to renewal, negotiation, signature and centralized storage, Hyperlex supports legal and operational teams in a new way of working together, 100% digital and secure, so they can focus on their core business.

About DiliTrust
DiliTrust provides the DiliTrust Governance suite, designed to overcome the challenges of digital transformation for legal departments. This unified, intuitive, and user-friendly SaaS platform meets the highest international security standards. It includes different modules, such as digitizing board meetings and management of legal entities, contracts, litigation, and disputes. DiliTrust has more than 2,000 customers in approximately 50 countries. Major groups in Europe, North America, Africa, and the Middle East have placed their trust in DiliTrust

Open2Europe Press Contact
Emily Glynn – +33 1 55 02 27 93 – e.glynn@open2europe.com

Categories: News

Anders Invest buys NNDI

Anders Invest

Anders Invest has today completed a 100% participation in the Noord Nederlandse Draadindustrie (NNDI) from Dokkum. NNDI specializes in the production of wire for a wide range of industrial applications, including reinforcing steel. NNDI has a turnover of approximately €50-55 million and employs more than 55 employees.

NNDI is a continuation of the Leeuwarden Wire Industry, which was founded in 1928. The company has developed into a specialized production company for the production of drawn bare wire and reinforcing steel on coils and bars. The company also produces wire nails. Bare wire is used, for example, in hinge pins, car seats, wire baskets, nails, suspension brackets and shopping trolleys.

NNDI has a spacious and modern production facility in Dokkum. Due to the variety of finishing operations, flexibility in the machinery and qualified employees, NNDI is able to quickly serve customers with deviating wishes regarding finishing, dimensions and order size. Customers throughout Europe are served from Dokkum.

Anders Invest has acquired its interest from the current owners of NNDI and will continue to work actively with the current management to continue the growth and further professionalize the organization.

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Solar energy startup Solnet Green Energy secures EUR 15 million in growth funding

Tesi

Solnet Green Energy, a provider of smart solar energy installations and support services for business and industrial use, has secured EUR 15 million in growth funding. The company will use the funds to expand its operations in both domestic and especially in the more rapidly growing European markets.

The smartness of Solnet’s installations comprises sensors, protective layers and automatics as well as optimisation, management and surveillance features provided as cloud services.

”Our investment in Solnet promotes both Tesi’s ‘Renewable energy and energy efficiency’ impact theme as well as sustainable development goals. It also supports the pursuit for carbon neutrality and energy self-sufficiency in Finland and Europe. We want to be on board in further accelerating Solnet’s strong growth and internationalisation in the European key markets,” says Heli Kerminen, Investment Director at Tesi.

The round was led by Elite Alfred Berg Private Equity (EAB PE). Tesi made its initial investment in the company, founded in 2014.

Read more:

Additional information: 

Heli Kerminen, Investment Director
heli.kerminen@tesi.fi
+358 40 077 2833

Tesi (Finnish Industry Investment Ltd) is a state-owned investment company that wants to raise Finland to the front ranks of transformative economic growth by investing in funds and directly in companies. We invest profitably and responsibly, hand-in-hand with co-investors, to create the world’s new success stories. Our investments under management total 2.1 billion euros. www.tesi.fi | @TesiFII 

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Charterhouse Capital Partners announces investment in Amtivo

Charterhouse

Charterhouse Capital Partners LLP (“Charterhouse”), one of the longest established private equity firms operating in Europe, today announces that it has entered into an agreement to invest in Amtivo, a leading provider of accredited certification to companies in 27 countries.

Founded in 2017 and headquartered in London, Amtivo provides accredited certification, training and technology-enabled services, specialising in management system certification. Through its services, Amtivo helps to build high-performing, sustainable organisations that deliver for their customers, employees, investors and the communities in which they operate. The company has grown rapidly over recent years, through twelve acquisitions and like-for-like revenue growth of 15% year-on-year.

Charterhouse will work closely with Amtivo’s management team to help the business grow organically and continue its successful journey of acquisition-led growth.

Charterhouse is acquiring Amtivo from August Equity, a private equity firm investing in UK-based companies. As part of the transaction, August Equity will reinvest a part of its proceeds alongside Charterhouse and management, retaining a minority stake in the business.

James Cocker, Partner at Charterhouse, said: “Amtivo is one of the most exciting and distinctive businesses in the certification space, and benefits from an attractive market, highly effective operating model and an exceptional management team. We look forward to working with Mike and the team to support Amtivo’s continued growth during the next several years.”

Mike Tims, CEO of Amtivo, commented: “We have been grateful for August Equity’s expertise during our partnership and believe that our work has positioned Amtivo favourably for the next phase of our growth. We look forward to partnering with Charterhouse, whose impressive track record of transforming businesses will be invaluable as we embark on the next stage of Amtivo’s journey.”

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August Equity agree sale of Amtivo Group to Charterhouse Capital Partners

August Equity

August Equity is pleased to announce that it has reached agreement to realise its investment in Amtivo Group (“Amtivo”) to funds managed by Charterhouse Capital Partners LLP. Amtivo is a leading provider of accredited certification to companies across 23 countries. Since August formed Amtivo in 2018, the group has grown like-for-like revenues 15% year-on-year and has completed twelve acquisitions. As part of the transaction, August will reinvest alongside management and Charterhouse for a minority stake in the business.

August Partner David Lonsdale commented: “Amtivo is a fantastic business with an exceptional management team. The business is another example of August creating market leading platforms in resilient and fragmented markets which exhibit long term secular growth trends. We look forward to supporting the management team and Charterhouse on the next phase of Amtivo’s exciting growth plan.”

The August team was led by David Lonsdale, Kishan Chotai and Celine Henriksen. The exit represents August’s third exit in 2022 from August Equity Partners IV.

August were advised by Rothschild & Co (Corporate Finance), DLA Piper (Legal), OC&C (Commercial), KPMG (Financial & Tax), PwC (SPA advisory), Crosslake (Tech DD). Management were advised by Liberty Corporate Finance and DLA Piper.

Categories: News

MiddleGround Capital Acquires PVI Holdings, Inc.

Middleground

Lexington, KY, July 18, 2022: MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is thrilled to announce it has acquired PVI Holdings (“PVI”).

PVI is a market leading flow control distributor focused on serving MRO applications across marine, chemical, downstream energy, and other industrial end markets. PVI provides both third party and proprietary branded products alongside its in-house engineering and repair services. PVI operates three separate business units: Setpoint Integrated Solutions, a distributor of valves, actuators, and instrumentation primarily to the chemical and downstream energy end markets; W&O Supply, a global distributor of technical flow control products and solutions to the global military and commercial maritime markets; and AT Controls, a designer and manufacturer of valves, actuators, and process control accessories for a broad range of industrial end markets.

MiddleGround Founding Partner Lauren Mulholland commented, “PVI represents an opportunity to carve out a market-leading flow control distribution platform. We are impressed by the success these businesses have realized to date and look forward to expanding on their growth as well as identifying incremental opportunities for the company’s expansion under our ownership.”

“We are thrilled to be adding a specialty distribution business to our portfolio. PVI serves as a critical link in its supply chain and is a true value-added partner to both its customers and suppliers. We are excited to partner with the PVI management team to invest in organic and inorganic growth initiatives that will continue to expand the company’s value proposition,” added Vice President Marty Sjoquist.

“It was a cultural fit from our first meeting, MiddleGround brings a unique style to private equity that has my team fired up about the future.” said Brad Bergeron, PVI CEO. “We value their operational
expertise, passion for continuous improvement, and believe they are the perfect owner for PVI’s next phase of growth.”

“We are so excited to work with such a talented management team to help invest and accelerate growth, while also developing a corporate structure for the company.  We look forward to working with PVI to identify and take advantage of synergies between the three divisions” remarked Founding Partner Scot Duncan.

Media Contacts:

Alyssa Castelli
212-883-3802

Alyssa.castelli@moelis.com

Categories: News

Eurazeo steps up its sustainable infrastructure investments

Eurazeo

Eurazeo is delighted to announce its investment in Electra, a French company specialising in fast charging for electric vehicle (EVs). Electra is the third investment made by Eurazeo’s infrastructure strategy, after Ikaros Solar (Belgian provider of photovoltaic solutions) and Resource (Danish plastic waste sorting facility). Electra is fully aligned with the Group’s ambition to invest in energy and digital transition infrastructure and contribute to a low-carbon economy. This investment will support the decarbonisation of the transport sector, avoiding CO2 emissions by 550,000 tons by 2026 and therefore contributing to Eurazeo’s carbon-neutrality objective.

Eurazeo led a €160 million fundraising round that included several other top-tier investors: RGREEN Invest, RIVE Private Investment, Serena, Groupe Chopard, SNCF (574 Invest) and RATP Group. It provides Electra with the required funding to support its rapid growth and achieve its objective: to accelerate its coverage of France and expand in Europe to provide fast charging solutions. Electra is the only fast charging specialist in France and will now have the means to compete with major European players.

The quality of its offering is underpinned by agreements signed with blue-chip partners from the retail, hotel, automotive and fleet management industries, such as AccorInvest, Altarea, Indigo, Louvre Hotels Group, Primonial REIM France and Groupe Chopard.

With the support of its new investors, Electra intends to play a leading role in increasing EV penetration in France and Europe. The company offers high-quality infrastructure supported by both its technological expertise and its roll-out experience.

Aurélien de Meaux, Electra’s CEO, said:

“This capital raise led by Eurazeo and backed by other blue-chip investors – RGREEN Invest, RIVE Private Investment, Serena, Groupe Chopard, SNCF (574 Invest) and RATP Group – will enable us to roll out our EV charging solution on a large-scale basis. Our main objective is to propose to end users a top-notch charging experience, combining the best infrastructure with state-of-the-art digital tools. In order to support EV penetration we must offer innovative solutions improving the customer experience. In addition, Electra’s team and I are proud and happy to support the transition to a low carbon economy.”

Melissa Cohen, Managing Director, Infrastructure, Eurazeo, added:

“We are thrilled to become a cornerstone investor in Electra, which is developing a public electric vehicle fast charging network. Electra will contribute by helping to remove barriers to the adoption of electric vehicles, building high-quality and efficient infrastructure, available to all. We have been impressed by Electra’s achievements so far. Its large and experienced team of EV charging experts and its differentiated product offering (hardware and software) allow for a smooth and efficient customer experience. The electrification of transport is a key pillar of the transition to Net-Zero, which is fully in line with our ESG and sustainability focus.”

About Eurazeo

  • Eurazeo is a leading global investment company, with a diversified portfolio of €32 billion in assets under management, including nearly €23.2 billion from third parties, invested in 530 companies. With its considerable private equity, venture capital, private debt as well as real estate and infrastructure asset expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its nearly 360 professionals and by offering deep sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term.
  • Eurazeo has offices in Paris, New York, London, Frankfurt, Berlin, Milan, Madrid, Luxembourg, Shanghai, Seoul, Singapore and Sao Paulo.
  • Eurazeo is listed on Euronext Paris.
  • ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

EURAZEO CONTACT

Pierre BERNARDIN

DIR. RELATIONS INVESTISSEURS

+33 (0) 1 44 15 16 76

Virginie CHRISTNACHT

DIRECTRICE DE LA COMMUNICATION

+33 (0) 1 44 15 76 44

PRESS CONTACT

David Sturken

MAITLAND/AMO

+44 (0) 7990 595 913

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NielsenIQ and GfK to combine, creating a leading global provider of information and analytics in consumer and retail measurement

KKR
  • Combination brings together two complementary global leaders serving retailers and brands to provide extensive retail and consumer information through a total store read and state-of-the-art technology
  • Creates a leading provider of retail and consumer measurement data with strengthened omnichannel measurement capabilities
  • Combined company will have an unmatched global footprint and industry coverage, creating a strong platform to deliver innovative client solutions and opening new opportunities for growth
  • Advent International (“Advent”) will be the majority shareholder in the combined company, while Nuremberg Institute for Market Decisions (“NIM”) and KKR will remain invested as significant shareholders in the combined company

 

 

Chicago, USA and Nuremberg, Germany – July 1, 2022 – NielsenIQ and GfK SE (“GfK”), two leaders in global information services, today announced a definitive agreement through which the companies plan to combine, creating new capabilities in the consumer and retail measurement industry. Powered by state-of-the-art cloud technology, the combination will bring together complementary data and analytics assets to provide a comprehensive view of shopper spending through a total store read, enabling clients to anticipate trends and react faster to consumer needs and expectations. The terms of the agreement were not disclosed.

GfK’s leading position in technology and durables across 67 countries, combined with NielsenIQ’s leading position in the measurement of fast-moving consumer goods in 90 countries will allow for expansion within the companies’ traditional client industries as well as new market segments. With a larger technology and operations talent base around the world, the combined company will innovate and bring new products to market even faster and then scale them to a broader set of markets and industries. Both companies firmly believe in the strategic merit this combination holds and are looking to further expand the business both geographically and vertically.

 

“Over the past year, NielsenIQ has been investing both organically and inorganically in the most comprehensive coverage, advanced technologies and predictive analytics to enable our clients to have a complete understanding of their consumers,” said Jim Peck, Executive Chairman and Chief Executive Officer of NielsenIQ. “Combining our market-leading capabilities will allow us to further accelerate innovation that best serves our expanded client base and deliver significant value for all our stakeholders. Together with GfK, we have the opportunity to influence the future of global retail and consumer measurement – one that is fast, nimble and connected.”

 

Through the combination of NielsenIQ’s cloud based Connect platform and omnichannel measurement technologies and GfK’s recently launched gfknewron platform, the company will become a true analytics leader. Its solutions will provide a harmonized, granular and consistent view of consumer purchasing behavior across channels and categories, allowing for real-time decisions to enhance performance and fuel growth. The two companies will bring together an extensive range of talent and expertise, with a proven record of success in measurement and analytic capabilities.

 

“GfK has successfully navigated a digital transformation to profitable and sustainable growth over the last years. Joining forces with NielsenIQ is now the logical next step for us and will support the next stage of our company’s development,” said Lars Nordmark, Interim Chief Executive Officer and Chief Financial Officer of GfK. “The combination with NielsenIQ will enable us to empower our customers to make smarter decisions across their organizations at a truly global scale and accelerate our journey into the next chapter of innovation. This will allow us to tap into significant new growth opportunities.”

 

Ownership

 

With this transaction, Advent will become the majority shareholder of the combined company. Advent acquired NielsenIQ in a transaction that closed in 2021.

 

“We see tremendous potential to build on the two companies’ strong brands and cutting-edge platforms,” said Chris Egan, Managing Partner at Advent. “Given the capabilities and resources of the soon-to-be combined entity, we are confident in our ability to build a truly global leader in consumer and retail data. Drawing on our global footprint and operational strength, we aim to further scale the business and advance its position across established and emerging markets.”

 

Since GfK’s spin-off from NIM in 1984, NIM has been the company’s majority shareholder and will remain one of the key shareholders of the new combined company. Based on the transaction, NIM will be able to further drive and accelerate its development as a leading international research institute.

 

“GfK and NielsenIQ, two top players in market research, have almost 200 years of combined experience. We see the combination of their complementary strengths as a unique opportunity, creating exciting new business opportunities for both parties. The combination is, thus, in the best interest of their employees, customers and retail partners alike,” said Manfred Scheske, President of NIM, and continued: “As a significant shareholder of the new company, NIM will be able to continue its development as a leading international research institute, fulfill its main purpose, as defined by the association’s statutes, and live-up to its founders’ ambitions.”

 

Alongside NIM, KKR will stay invested in the combined company as a minority shareholder. The global investment firm took GfK private alongside NIM in 2017 to support GfK’s strategic transformation and pave the way for sustainable growth. In close collaboration with the company’s management team, NIM and KKR supported the company in a comprehensive transformation, focusing its portfolio, introducing cutting-edge predictive analytics offerings and accelerating its profitable organic growth.

 

“GfK is much stronger today than it was five years ago, and the 2021 results are a testament to GfK’s effort and readiness to continue its path to become an integrated data, analytics and consulting firm providing superior service to its clients. We strongly believe that GfK coming together with NielsenIQ is a transformative combination that allows GfK to proceed on its growth and innovation trajectory at an even faster pace”, said Philipp Freise, Partner and Co-Head of European Private Equity at KKR.

 

Approvals

 

The transaction is expected to close later this year or early next year, subject to the satisfaction of customary closing conditions. Until closing, NielsenIQ and GfK will remain independent companies focused on their current strategies and growth plans.

 

 

###

 

About NielsenIQ

 

NielsenIQ, a global information services company, delivers the gold standard in consumer and retail measurement, through the most connected, complete, and actionable understanding of the evolving global, omnichannel consumer. NielsenIQ is the source of confidence for the industries we serve and the pioneer defining the next century of consumer and retail measurement. Our data, connected insights, and predictive analytics optimize the performance of CPG and retail companies, bringing them closer to the communities they serve and helping to power their growth.

 

NielsenIQ, an Advent International portfolio company, has operations in 90+ markets, covering more than 90% of the world’s population. For more information, visit NielsenIQ.com.

 

About GfK

 

GfK. Growth from Knowledge.

For over 85 years, GfK has earned the trust of its clients around the world by solving critical business questions in their decision-making process around consumers, markets, brands and media. The company’s reliable data and insights, together with advanced AI capabilities, have shaped access to real-time actionable recommendations that drive marketing, sales and organizational effectiveness of its clients and partners. That’s how GfK promises and delivers “Growth from Knowledge”.

For more information, visit https://www.gfk.com.

 

 

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 390 private equity investments across 41 countries, and as of December 31, 2021, had $88 billion in assets under management. With 15 offices in 12 countries, Advent has established a globally integrated team of over 265 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 over 35 years, Advent has been dedicated to international investing and remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.

 

For more information, visit
Website: www.adventinternational.com
LinkedIn: www.linkedin.com/company/advent-international

 

About the Nuremberg Institute for Market Decisions (NIM)

 

The Nuremberg Institute for Market Decisions is a non-profit institute for the research of consumer and market decisions. At the interface between science and practice, the NIM generates new and relevant insights that aid better decision-making and better understanding of consequences. The NIM examines how decisions of consumers and company decision-makers change in the face of new trends, technologies and socio-political shifts.
The Nuremberg Institute for Market Decisions is the founder and anchor shareholder of GfK SE.

For more information, please visit www.nim.org and on LinkedIn.

 

About KKR

 

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

 

Advisors and Legal Counsel 

 

J.P. Morgan Securities LLC and HSBC Securities are serving as financial advisors to Advent International Corporation and NielsenIQ, and Ropes & Gray LLP, Covington & Burling, Weil Gotshal & Manges LLC and Squire Patton Boggs are serving as legal counsel. Goldman Sachs Bank Europe SE is serving as financial advisor to KKR and Nuremberg Institute for Market Decisions. Simpson Thacher & Bartlett LLP and Hengeler Mueller Partnerschaft von Rechtsanwälten mbB are serving as legal counsel to KKR. Rothschild & Co is serving as financial advisor to Nuremberg Institute for Market Decisions. Fieldfisher and Baker & Hostetler LLP is serving as legal counsel to Nuremberg Institute for Market Decisions. White & Case LLP is serving as legal counsel to GfK SE.

 

Media Contacts

 

For NielsenIQ

Gillian Mosher

Vice President, Communications

gillian.mosher@nielseniq.com

 

Stephanie Manning

Head of Communications, Europe, Middle East and Africa

stephanie.manning@nielseniq.com

 

Fernanda Paredes

Head of Global Communication

Fernanda.paredes@nielseniq.com

 

Edelman team

NielsenIQ@edelman.com

 

For GfK

Kai Hummel

Vice President Communications & Public Affairs

Mobile: +49 170 7700194

Email: public.relations@gfk.com

 

For Advent

FGS Global

Zachary Tramonti

Office: +1 (617) 546-4250

Email: AdventInternational-US@fgsglobal.com

  

Sophia Templin

Mobile: +1 (917) 596-8172

 

 

For NIM

Sandra Lades

Head of Communication & Events

Mobile: +49 170 5652003

Email: sandra.lades@nim.org

 

For KKR

FGS Global

Thea Bichmann

Mobile: +49 172 13 99 761

Email: kkr_germany@fgsglobal.com

  

Emily Lagemann

Mobile: +49 160 992 713 35

Email: kkr_germany@fgsglobal.com

 

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The Ratos company NVBS acquires TKBM Entreprenad AB

Ratos

NVBS, which is a fast-growing player in maintenance, upgrades and construction of critical railway infrastructure, has acquired the civil engineering company TKBM Entreprenad AB. TKBM has its operations in and around Stockholm and the acquisition marks a further advance for NVBS’s growth journey.

TKBM is a strong company in cable and trunking installations and is expected to have sales of some SEK 65m with an EBITA of SEK 5m in 2022.

NVBS, which is active in Sweden, Norway and Finland, has in the last few years undergone a number of changes focused on growth and development and has a clear acquisition agenda.

“Ratos acquired NVBS because we see that upgrades of critical infrastructure is an attractive and growing niche with considerable potential. NVBS’s acquisition of TKBM is proof that NVBS has excellent prerequisites in place for continued organic and acquisition-driven expansion, something we already witnessed in conjunction with the acquisition earlier this year,” says Christian Johansson Gebauer, Chairman of the Board of NVBS and President Business Area Construction & Services of Ratos.

“I am delighted that this acquisition will provide our customers with a strong partner with experience and a sharp groundworks offering in and around Stockholm,” says David Skalin, President and CEO of NVBS.

For further information and media please contact:
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21

About Ratos
Ratos is a business group consisting of 14 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2021, the companies have approximately SEK 25 billion in net sales. Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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