DIRK SMULDERS takes over as CEO of DIESEKO GROUP

NPM Capital

Dirk Smulders (42) assumed the role of CEO and Chairman of the Board at Dieseko Group on 1 January 2019. He succeeded Ton Kraak, who will remain a shareholder and consultant of the company. Kraak had served as CEO of the Group since 2008. As Chief Operations Officer (COO), Smulders had been a Board member since September 2017.

In his new role as Chairman and CEO, Dirk Smulders is responsible for implementing the strategy set and refining it where necessary. Dieseko’s key strategic objective has remained unchanged: to continue the company’s growth and further develop it as a global market leader in high-quality, innovative vibro technology.

Dirk Smulders: “I feel it’s a huge honour, as well as a challenge, to be given the opportunity to be CEO of Dieseko Group. I look forward to providing our customers worldwide with even better services through our innovative products, together with my fellow board members, management and employees. I would like to thank my predecessor, Ton Kraak, for his valuable guidance during my enjoyable training period and the Works Council, Supervisory Board and our shareholder NPM Capital for the trust they have placed in me.”

Read the profile of Dieseko Group

Categories: Personalia

Cristina Stenbeck, Erik Mitteregger and Mario Queiroz will not stand for re-election in 2019

Kinnevik

Cristina Stenbeck, Erik Mitteregger and Mario Queiroz will not stand for re-election in 2019, and the Nomination Committee proposes two new Directors to the Kinnevik Board

 

Kinnevik AB (publ) (“Kinnevik”) today announced that it has been informed that Cristina Stenbeck, Erik Mitteregger and Mario Queiroz have decided not to stand for re-election to Kinnevik’s Board of Directors at the 2019 Annual General Meeting, and that the Nomination Committee will propose Susanna Campbell and Brian McBride as new Board members.

Cristina Stenbeck was elected to the Board of Kinnevik in 2003 as Deputy Chairman. Over the last 16 years, she has led the transformation of Kinnevik from a mobile, media and packaging investment holding company into a leading digital growth investor. Cristina will continue to support the business and influence material strategic matters in her role as an active owner. She will also continue to lead the Nomination Committee work together with her partners.

James Anderson, Member of the Nomination Committee, commented:

“On behalf of all shareholders, this is a moment to reflect on the extraordinary commitment, energy and leadership that Cristina has provided over the last 16 years. Her willingness to take responsibility from a young age has been remarkable and the many achievements of the company she has led have been admirable. We are confident that Cristina’s thoughts and ambitions and her backing as principal shareholder will continue to be deeply beneficial to Kinnevik, to its now established management team, and to our work on the Nomination Committee.”

Susanna Campbell currently serves as Chairman of Röhnisch Sportswear, Ljung & Sjöberg, and Babyshop Group. She is currently a Board member of Telia Company, Indutrade, Northvolt and Nalka Invest, as well as a member of Norrsken’s Investment Committee. Between 2012-2016, she was the Chief Executive Officer of Swedish investment firm Ratos, having joined the company in 2003 from McKinsey & Co. Susanna holds an MSc from Stockholm School of Economics.

Brian McBride is the former Chairman of ASOS, the global online fashion and beauty retailer. He is currently a non-executive director of Wiggle, a private-equity owned online cycling and apparel business, and of AO World, an online retailer specializing in household appliances. Brian also sits on the UK government’s Government Digital Service Advisory Board, supporting the delivery of digital quality public services, is a senior adviser at Lazard, and a member of the Advisory Board of Scottish Equity Partners. Prior to assuming Chairmanship of ASOS, Brian was the Managing Director of Amazon UK, and prior to that the Managing Director of T-Mobile UK.

Cristina Stenbeck, Chairman of the Nomination Committee, commented:

“The Nomination Committee is pleased to be able to propose the elections of Susanna Campbell and Brian McBride. Susanna brings experience from different stages of private investing in sectors like e-Commerce, Healthcare and TMT. Susanna has also agreed to serve as Chairman of the Board’s Remuneration Committee, and will join its Audit Committee. In Brian McBride, Kinnevik will have a Director with an exceptional operational background from e-Commerce and TMT, drawing on his experience at companies such as ASOS, Amazon and T-Mobile. The Board looks forward to leveraging Brian’s insights gained during his distinguished career.”

Cristina Stenbeck continued:

“Susanna will replace Erik Mitteregger, who joined Kinnevik’s Board already back in 2004. During his 15-year tenure Erik has consistently stood for value creation for all shareholders, the systematic release of capital through consolidation, and the re-allocation of capital into growth companies. In a fast-changing environment, he has driven important strategic initiatives that have come to define Kinnevik during these eventful years. Mario Queiroz has after three years on the Board of Kinnevik also decided not to stand for re-election. Mario has since joining the Board contributed with valuable perspectives on the importance of technological and product platforms within Kinnevik’s investee companies. For this, I am joined by the many who thank them.”

The Nomination Committee’s complete proposals will be presented in the notice convening Kinnevik’s Annual General Meeting to be held on 6 May 2019. The Nomination Committee comprises Cristina Stenbeck appointed by Verdere S.à r.l. and Camshaft S.à r.l., Hugo Stenbeck appointed by AMS Sapere Aude Trust, James Anderson appointed by Baillie Gifford, Ramsay Brufer appointed by Alecta, and Marie Klingspor.

This information is information that Kinnevik AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08.00 CET on 18 January 2019.

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Changes in Ratos’s management group

Ratos

Ratos is carrying out changes in its management group, meaning that it will now consist of:

Jonas Wiström, CEO
Helene Gustafsson, Head of IR and Press
Henrik Lundh, Vice President (new member since January 2019)
Anders Slettengren, Vice President
Magnus Stephensen, General Counsel
Peter Wallin, CFO (new member since December 2018)

Robin Molvin, Vice President and previous member of the management group, and Johan Rydmark, Director, are leaving Ratos. Meanwhile, Henrik Lundh has been appointed as Vice President and member of the management group.

“I look forward to welcoming Henrik Lundh as a member of Ratos’s management group, where I’m sure that his experience and knowledge will be of immense benefit in the future.

I want to extend a sincere thanks to Robin Molvin, whose important work with several of our portfolio companies throughout his many years here at Ratos has created significant value. Over the years, Robin has strengthened and assumed responsibility for Ratos’s presence in Denmark, which was the driving factor behind the acquisition of airteam and Oase Outdoors. At airteam, Robin has led the company’s growth journey and expansion into Sweden through strategic bolt-on acquisitions. I also want to thank Johan Rydmark, whose previous investment responsibilities at the portfolio companies Nebula and Serena, and previous operational development of portfolio companies such as Stofa, have created important value for Ratos”, says Jonas Wiström, CEO of Ratos.

The changes will take effect as of today, 17 January 2019.

For further information, please contact:
Jonas Wiström, CEO, Ratos, +46 8 700 17 00
Helene Gustafsson, Head of IR and Press, Ratos, +46 8 700 17 98

About Ratos:
Ratos owns and develops unlisted medium-sized companies in the Nordic countries. Our goal as an active owner is to contribute to long-term and sustainable operational development in the companies we invest in and to make value-generating transactions. Ratos’s portfolio consists of 12 medium-sized Nordic companies and the largest segments in terms of sales are Construction, Industrials and Consumer goods/Commerce. Ratos is listed on Nasdaq Stockholm and has approximately 12,300 employees.

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Segulah completes generation shift

Segula

Gabriel Urwitz, founder and Chairman of Segulah, will step down from the role of Chairman. Having founded the business in 1994 and served as Managing Partner as well as Chairman for 25 years,
Gabriel will remain a member of the Investment Committee for the duration of the Segulah V investment period, as well as board member in several portfolio companies.

Sebastian Ehrnrooth, currently Managing Partner, will take on the role of Chairman.

Sebastian, who joined Segulah in 2000 as a deal partner, has led and participated in a large number of transactions in Segulah II, III, IV and V.

Marcus Planting-Bergloo, currently deal partner, will take on the role of Managing Partner. Marcus, who joined Segulah in 2007 and became a Partner in 2013 has led and participated in numerous successful Segulah acquisitions, including Isaberg Rapid, Scan Coin, Beerenberg, Oglaend Industries, Sandbäckens, Hermes Medical Solutions and most recently Francks Kylindustri.

These changes will become effective April 1st, 2019.

 

For questions, please contact:

Gabriel Urwitz, urwitz@segulah.se,  +46 705 908 900

Sebastian Ehrnrooth, ehrnrooth@segulah.se, +46 733 604 205

Marcus Planting-Bergloo, planting@segulah.se, +46 702 291 185

Categories: Personalia

Blackstone Hires Jon Korngold to Lead New Growth Equity Investing Platform

Blackstone

New York, January 14, 2019 – Blackstone (NYSE:BX) today announced that Jon Korngold, a former senior leader at General Atlantic, will join the firm as a Senior Managing Director and head of Blackstone’s Growth Equity investing platform. Jon will be responsible for building and running this new platform which will provide capital to companies during the critical phase between venture capital investments and traditional buyouts.

Stephen A. Schwarzman, Blackstone Chairman, CEO and Co-Founder, said: “We are very pleased to welcome Jon Korngold to Blackstone and announce the launch of our growth equity platform.  This is a highly synergistic expansion area for the firm and a natural extension of our existing businesses. We are pleased to be growing in this area with a dynamic industry veteran like Jon, who has a successful track record investing in and building scale businesses.”

Jon Gray, Blackstone President & COO, said: “Expansion into growth equity investing represents a compelling opportunity for the firm and our Limited Partners.  Jon is the ideal leader for this new platform. He will build upon Blackstone’s capabilities and strengthen all of our investing businesses through his deep expertise in the rapidly evolving technology sector.”

Jon Korngold added: “I am pleased to join Blackstone as it expands into growth equity investing. The firm has a strong history of successfully innovating into new business areas and I am excited about the opportunity to build a world-class investing platform. The scale, geographic reach and global operating resources that Blackstone can provide fast-growing companies are unparalleled, and will be a real competitive advantage.”

At General Atlantic, Mr. Korngold was a member of the firm’s Management Committee, Chairman of the Portfolio Committee and Global Head of the firm’s Financial Services and Healthcare sectors.  In his 18 years at General Atlantic, he sourced and executed billions of dollars of growth equity investments across the technology services, enterprise software, healthcare, financial services and consumer sectors.  For each of the last three years, Mr. Korngold was ranked #1 among investors on Institutional Investor’s “Fintech Finance 40” list, which recognizes top dealmakers in the financial technology industry. Prior to General Atlantic, he worked in Goldman Sachs’ Principal Investing and M&A groups in London and New York.

About Blackstone
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with $457 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

Contact
Matt Anderson
+1-212-390-2472
matthew.anderson@blackstone.com

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Announcing Partner promotions at EQT

eqt

2018 was yet another eventful year for EQT. The various EQT buy-out funds invested in 52 companies and exited, or partially exited 18. The pace was high also on the fundraising side with three funds successfully closed; EQT Mid Market Asia III (at USD 800 million), EQT Mid-Market Credit II (at EUR 2.3 billion which was more than four times the size of its predecessor fund), and EQT VIII (at its hard cap of EUR 11 billion after less than six months of fundraising).

The EQT organization has continued to grow both geographically, with offices opened in San Francisco and Berlin, and in terms of new investment strategies, with Public Value being the most recent initiative. EQT also welcomed some 80 new colleagues to the firm and today, EQT has close to 600 employees across the globe.

Being an organization where the most important asset is the employees, it is a great pleasure to announce the yearly Partner promotions – the following Directors have been promoted to Partners, effective as of January 1, 2019.

Christian Sinding, CEO and Managing Partner comments: “I would like to express my warmest congratulations to the new Partners. They have all demonstrated a strong dedication and an entrepreneurial spirit, providing valuable contributions to the EQT platform, our culture and values. I look forward to working together for continued success as we enter the next phase of EQT’s growth journey.”

In addition, EQT is happy to announce the recruitment of two new Partners to the EQT Ventures advisory team; Lyle Fong and Johan Svanström. Lyle has founded several companies in enterprise software and gaming, and Johan was most recently worldwide President of Hotels.com, and a member of the global management team of its parent, Expedia Group Inc. Both will be based in London.

Thomas von Koch, Deputy Managing Partner, adds: “I am thrilled about the Partner promotions, these individuals play a key role in EQT’s vision to become the most reputable investor and owner and they are truly passionate about developing companies. I also look forward to collaborating with Lyle and Johan in my new capacity focusing on EQT’s various growth areas – their experiences as serial entrepreneurs will be invaluable for EQT Ventures’ future development.”

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TA Associates Announces 2019 Global Staff Promotions

TA associates

BOSTON – TA Associates, a leading global growth private equity firm, today announced promotions earned by 10 staff members in the firm’s Boston, Menlo Park, Hong Kong and Mumbai offices, effective January 1, 2019.

“We are delighted to announce these team members’ promotions, which were earned through their hard work and dedication to TA, our portfolio companies and our limited partners,” said Brian J. Conway, Chairman and Managing Partner at TA Associates. “Each of these individuals have played an important role in our growth and evolution as a firm, and we are pleased to recognize their accomplishments and look forward to their continued successes and contributions to TA.”

Dhiraj Poddar was promoted to Managing Director from Director. He heads the Indian operations of TA Associates Advisory Pvt. Ltd. in Mumbai, focusing on investments in companies in India. Mr. Poddar advised on TA’s investments in Atria Convergence Technologies (ACT), Fincare, Fractal Analytics, Ideal Cures, IndiaIdeas.com (BillDesk), Prudent Corporate Advisory Services, RateGain, Shilpa Medicare and Tega Industries. He serves on the Board of Directors of Atria Convergence Technologies (ACT), Fincare, Fractal Analytics, Ideal Cures, IndiaIdeas.com (BillDesk), Prudent Corporate Advisory Services and Tega Industries, and is a Board Observer of RateGain. Mr. Poddar received a degree from the Institute of Chartered Accountants of India and an MBA from the Indian Institute of Management, Ahmedabad.

Ethan Liebermann was promoted to Director from Principal. He is based in TA’s Boston office, focusing on investments in healthcare companies. Mr. Liebermann led TA’s investments in Aldevron and MedRisk; co-sponsored CCRM, Datix and SoftWriters; and was actively involved in the firm’s investment in eviCore healthcare (formerly MedSolutions). He serves on the Board of Directors of Aldevron, CCRM and Datix, and formerly served on the Board of MedRisk and SoftWriters. Prior to joining TA in 2007, Mr. Liebermann worked in the Global Healthcare Corporate and Investment Banking group at Banc of America Securities. He received a BA degree in Economics and Biology from the University of Pennsylvania and an MBA from the Harvard Business School.

Jason Mironov was promoted to Director from Principal. He is based in TA’s Menlo Park office, focusing on investments in business, financial, technology-enabled and other services companies in North America. Mr. Mironov led TA’s investment in Procare Software; co-sponsored Conservice, DiscoverOrg and Plusgrade; and was actively involved in the firm’s investment in The Collected Group (formerly Dutch). He serves on the Board of Directors of Conservice, DiscoverOrg and Procare Software, and formerly served on the Board of Plusgrade. Prior to joining TA in 2012, Mr. Mironov was an Associate at Spectrum Equity Investors and also worked in the Investment Banking Division of JP Morgan in New York and Sub-Saharan Africa, as well as at Technology Crossover Ventures. He received a BBA degree, with Distinction, from the University of Michigan Ross School of Business and an MBA from the Harvard Business School.

Clara Jackson was promoted to Principal from Senior Vice President. She is based in TA’s Boston office, focusing on investments in financial services and technology and other services companies in North America. Ms. Jackson co-sponsored TA’s investment in Financial Information Technologies (Fintech), NorthStar Financial Services Group, Rectangle Health (formerly Retriever Medical/Dental Payments) and Russell Investments. She serves on the Board of Directors of Financial Information Technologies (Fintech) and NorthStar Financial Services Group, and is a Board Observer of Russell Investments. Prior to joining TA in 2014, Ms. Jackson was a Vice President at Fireman Capital Partners, where she served on the Board of Directors of Skip Hop. She was previously an Associate at TPG Growth and an Analyst at Goldman, Sachs & Co. Ms. Jackson received a BS degree, summa cum laude, Phi Beta Kappa, in Economics from Vanderbilt University and an MBA from the Harvard Business School.

Emily McGinty was promoted to Principal from Senior Vice President. She is based in TA’s Menlo Park office, focusing on investments in healthcare companies in North America. Ms. McGinty led TA’s investment in Behavioral Health Works and Healix, where she also serves on the Board of Directors. She was actively involved in the firm’s investment in eviCore healthcare (formerly MedSolutions). Prior to joining TA in 2007, Ms. McGinty worked in the Consumer, Healthcare and Retail Group at JPMorgan Securities. She received a BA degree, summa cum laude, in Economics from Boston College and an MBA from the Stanford Graduate School of Business.

Daniel Brujis was promoted to Senior Vice President from Vice President. He is based in TA’s Hong Kong office of TA Associates Asia Pacific Ltd., focusing on investments in companies in the Asia-Pacific region with a focus on technology, consumer products, business and financial services. Mr. Brujis has been actively involved in TA’s investments in Fisher Funds, RateGain, Söderberg & Partners, Speedcast International and Yarra Capital Management. He is a Board Observer of Yarra Capital Management. Before joining the Hong Kong office, Mr. Brujis spent three years with TA in London focusing on European investments. Prior to joining TA in 2011, he was an Investment Banking Analyst in the Financial Institutions Group at Lazard Frères & Co. Mr. Brujis received a BS degree, magna cum laude, in Operations Research and Financial Engineering from Columbia University.

Michael Libert was promoted to Senior Vice President from Vice President. He is based in TA’s Boston office, focusing on investments in technology companies. Mr. Libert has been actively involved in TA’s investments in Answers, Bomgar, IDERA, insightsoftware, MRI Software, Nintex, PDI and Prometheus Group. He serves on the Board of Directors of insightsoftware and Nintex, and is a Board Observer of IDERA, MRI Software and PDI. Prior to joining TA in 2011, Mr. Libert led Corporate Strategy for Nintex and worked as an Associate Consultant at Bain & Company. He received an AB degree, cum laude, in Economics from Harvard College and an MBA from the Stanford Graduate School of Business.

Tony Marsh was promoted to Chief Capital Markets Officer from Director of Capital Markets. He is based in TA’s Boston office, and leads all new acquisition financings and capital markets activities for TA portfolio companies globally, as well as manages the firm’s relationships with corporate finance providers and advisors. Prior to joining TA in 2013, Mr. Marsh was a Director at Credit Suisse in the Financial Sponsors Group, focusing on leveraged finance transactions. He received a BS degree in Business Management from Brigham Young University and an MBA, with Distinction, from the University of Michigan Ross School of Business.

Melanie Toomey was promoted to Chief Financial Officer, Management Company from Corporate Controller. She is based in TA’s Boston office, and is responsible for the accounting and financial reporting for TA’s investment adviser, co-investment program and general partner entities. Prior to joining TA in 2007, Ms. Toomey was a Finance Manager at Investors Bank & Trust Company. She also was an Auditor at Ernst & Young LLP. Ms. Toomey received a BS degree in Business Administration and an MA degree in Accounting from the University of North Carolina at Chapel Hill, and is a Certified Public Accountant.

Gregory Wallace was promoted to Chief Financial Officer, Funds from Fund Controller. He is based in TA’s Boston office, and is responsible for oversight of the financial operations of the TA Funds, including the preparation of financial statements, valuation, cash management and tax compliance. Prior to joining TA in 2010, Mr. Wallace was an Audit Manager in the Asset Management practice at PricewaterhouseCoopers. He received a BS degree in Analytical Finance and an MS degree in Accounting from Wake Forest University, and is a Certified Public Accountant.

About TA Associates
TA Associates is one of the largest and most experienced global growth private equity firms. Focused on five target industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in growth companies. TA has raised $24 billion in capital since its founding in 1968 and is committing to new investments at the pace of $2 billion per year. The firm’s more than 85 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.

Categories: Personalia

DIF appoints two new Partners

DIF

Schiphol, 19 December 2018 – DIF is pleased to announce the appointment of Marko Kremer and Andrew Freeman to Partner. Their promotion from Managing Director is in response to their personal contributions to the success and growth of the firm.

Speaking on behalf of the existing Partners, Managing Partner Wim Blaasse said, “We are very pleased to welcome Marko and Andrew into the Partnership. Marko and Andrew have contributed strongly to the success of DIF and I am confident that they will continue to play leading roles in the further build out of the DIF platform.”

About Marko
Marko Kremer is Head of Australia. He leads the Sydney office and is responsible for the origination, execution and optimisation of transactions in Australia and New Zeeland. He joined DIF in 2008 as a member of the Origination Team in DIF’s Schiphol office in the Netherlands. In 2015 he moved to Australia to establish the Sydney office, which he has successfully built out to seven team members and completed the acquisition of nine assets in the region.

Prior to joining DIF, he was in the Leveraged Finance Team at ABN AMRO, responsible for originating, structuring and executing leveraged finance opportunities. Marko holds a master’s degree in Management Engineering from the University of Twente and is a CFA and CAIA charter holder.

About Andrew
Andrew Freeman is Head of Exits and Head of the UK office. He is responsible for leading, preparing and executing the exit of projects and Funds managed by DIF. This includes the landmark sale of the remaining 48 projects in DIF Infrastructure II, with a combined value of ca. €650 million, to APG in 2017. In addition, he is responsible for the management of the UK office. He joined DIF in 2011 as a member of the Origination Team, focused on the origination, execution and optimisation of transactions in the United Kingdom.

Prior to joining DIF, he was in the Infrastructure Team at PwC, responsible for advising on primary and secondary PPP transactions, with a focus on fund setups and exits, listings and valuations. Andrew holds a bachelor’s degree in Accountancy from the University of Portsmouth and is registered as a Chartered Accountant with the Institute of Chartered Accountants of Scotland.

About DIF

DIF is an independent infrastructure fund manager, with €5.6 billion of assets under management across seven closed-end infrastructure funds and several co-investment vehicles. DIF invests in greenfield and brownfield infrastructure assets located primarily in Europe, North America and Australasia through two complementary strategies:

  • DIF Infrastructure V targets equity investments in public-private partnerships (PPP/PFI/P3), concessions, regulated assets and renewable energy projects with long-term contracted or regulated income streams that generate stable and predictable cash flows.
  • DIF Core Infrastructure Fund I targets equity investments in small to mid-sized infrastructure assets in the energy, transportation and telecom sectors with mid-term contracted income streams that generate stable and predictable cash flows.

DIF has a team of over 110 professionals, based in eight offices located in Schiphol (the Netherlands), Frankfurt, London, Luxembourg, Madrid, Paris, Sydney and Toronto. Please see www.dif.eu or further information on DIF.

For further information please contact:

Allard Ruijs, Partner
Email: a.ruijs@dif.eu

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Peter Hofvenstam appointed new CEO of Nordstjernan

Nordstjernan

The Board of Directors of Nordstjernan AB has appointed Peter Hofvenstam as the new CEO. Peter Hofvenstam is currently Deputy CEO and head of the Unlisted Holdings business area, which represents approximately half of Nordstjernan’s operations. He was born in 1965, has an MSc Economics, and has held various positions at Nordstjernan since 1999. He is a board member of Rosti and Swedol, as well as the chairman of Nordstjernan Kredit. Tomas Billing will continue as CEO until the transition, which will take place at the Annual General Meeting in May 2019.

“Taking Nordstjernan forward will be an exciting challenge. I look forward to work closely with our professional team to further reinforce our model of active long-term ownership in order to develop our companies and to create good returns,” says Peter Hofvenstam.

“As the chairman of Nordstjernan, it is a pleasure to present a strong internal successor to Tomas Billing. Peter has a genuine understanding of long-term value creation. He is responsible for Nordstjernan’s Unlisted Holdings, a business area that has developed very well through both growth in profits and sound business transactions. I look forward to working with Peter in his new role,” says Viveca Ax:son Johnson.

Outgoing CEO Tomas Billing will continue to work at Nordstjernan after the transition, in a role as senior advisor. He will work on nomination committees and boards in Nordstjernan’s holdings.

“I would like to thank Tomas Billing, who has been CEO for a full 20 years. When he started, Nordstjernan’s net asset value was SEK 2.7 billion, and we had one investment – NCC. Today, our net asset value is SEK 30 billion and we have 15 active investments. Two unlisted companies – Rosti and Etac – currently comprise Nordstjernan’s largest holdings. That is quite an achievement,” says Viveca Ax:son Johnson.
Questions will be answered by:

Viveca Ax:son Johnson
Chairman of Nordstjernan AB
Telephone: +46 8 788 50 18
E-mail: vaj@nordstjernan.se

Stefan Stern
Senior advisor, responsible for communications, Nordstjernan AB
Telephone: +46 70 636 74 17
E-mail: stefan.stern@nordstjernan.se
Nordstjernan AB is a family-controlled investment company whose business concept is to be an active owner that creates long-term and positive value growth. More information about Nordstjernan can be found on www.nordstjernan.se.

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Jean-Marc Huët joins Bridgepoint Advisory Board

Bridgepoint

Bridgepoint, the international private equity group, has appointed Jean-Marc Huët to its Advisory Board with effect from 1st January 2019.

Mr Huët is a former CFO of Unilever plc/NV, Bristol-Myers Squibb and Royal Numico NV and began his career at Goldman Sachs International. He currently holds non-executive directorships at Heineken, Canada Goose and J2.

A Dutch national, Mr Huët was educated at Dartmouth College, New Hampshire and has an MBA from INSEAD.

Welcoming the appointment, Bridgepoint managing partner William Jackson, said: “Jean-Marc is a seasoned international executive with a strong track record across several industries. He will bring a global view and important insight to Bridgepoint. We look forward to working with him.”

Jean-Marc Huët said: “I am enthusiastic about the opportunity at Bridgepoint and contributing to the team’s assessment of sectors and specific companies as it continues to consolidate its middle market position in the alternative assets space.”

The Advisory Board provides external perspectives and advice to Bridgepoint’ senior leadership team and is also involved on an individual member basis on value creation at portfolio companies.

Press enquiries

For all press enquiries, contact James Murray on +44 (0) 20 7034

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