Bure acquires 24.4% of ScandiNova Systems AB

Bure

Bure has entered into agreements with the intention of acquiring 24.4% of the shares in ScandiNova Systems AB (“ScandiNova”) by way of rights issue and acquisition of shares from Industrifonden and SEB Venture Capital. Bure will also offer to acquire shares from other existing shareholders which could increase Bure’s ownership. The transaction is conditional upon approval of the rights issue at ScandiNova’s EGM.

ScandiNova is a world leader in the development and production of Pulsed Power Systems with high power levels (also known as modulators). The company’s products are among others used for linear accelerators in radiotherapy (cancer treatment), science applications and in industrial applications such as cargo scanning. ScandiNovas headquarter and production is in Uppsala and the company has circa 70 employees. The company exports to over 40 countries mainly in Europe, North America and Asia.

”We have followed ScandiNova for a long time and see opportunity in being part of taking the company to the next level. ScandiNova has developed a world leading technology for pulsed modulators which they have successfully commercialized for medical and industrial applications. ScandiNova has a unique position towards customers in radiotherapy for cancer treatment which is a very exciting market” says Henrik Blomquist, CEO of Bure.

“We welcome Bure as an owner in ScandiNova and are looking forward to a long-term cooperation in our continued growth journey. Bure has shown that they are good owners of technologically intensive companies and their experience will contribute to a good development of the company” says Fredrik Mella, CEO of ScandiNova.

The holding in ScandiNova will be reported in Bure Growth, which is a wholly-owned subsidiary of Bure that invests in growth companies.

In connection with the transaction Bure will be represented on the board of ScandiNova.

Bure Equity AB (publ)

Contact at Bure:

Henrik Blomquist, CEO
Tel. +46 (0)8 614 00 20

This information is information that Bure Equity 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 above, at 14.30 CET on 11th June 2019.

Hits: 14

Categories: News

Tags:

Nordstjernan divests its holding in Salcomp

No Comments

Nordstjernan

Nordstjernan has entered an agreement to divest its holding in Salcomp, a world-leading manufacturer of chargers for mobile phones and other electronic products for the smart and connected world, to Lingyi iTech. Lingyi is a listed Chinese component manufacturer with sales of more than USD 3 billion in 2018.

Salcomp, founded in 1975, reported sales of EUR 531 million in 2018. Its customers comprise all major manufacturers of mobile phones and the company has production facilities in China, India and Brazil. Nordstjernan has been owner of Salcomp since 2007 and currently owns 55 percent of the capital and votes. The transaction is being conducted jointly with the Sixth Swedish National Pension Fund (AP6), which has owned 45 percent of the capital and votes in Salcomp.

The transaction is subject to the approval of the regulatory authorities in China and Taiwan.

“Nordstjernan has been a long-term owner of Salcomp, a world-leading company in a highly competitive global market. We have now found what we consider to be the right industrial home for Salcomp. The merger will provide the company with greater possibilities to offer its customers a broader product portfolio. I would also like to take this opportunity to extend my sincere thanks to the management and all the employees at Salcomp for our time together,” says Peter Hofvenstam, President and CEO of Nordstjernan.

Peter Hofvenstam
President and CEO
Nordstjernan AB

Questions will be answered by:

Peter Hofvenstam, CEO Nordstjernan
E-mail: peter.hofvenstam@nordstjernan.se

Stefan Stern, Head of Communications Nordstjernan
Telephone: +46 70 636 74 17
E-mail: stefan.stern@nordstjernan.se

Nordstjernan 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.


Hits: 47

Categories: News

Tags:

TowerBrook announces the sale of Metallo Group

No Comments

TowerBrook Capital Partners today announces that it has signed an agreement with Aurubis AG, Hamburg, for the disposal of Metallo Holdings 3 B.V., (“Metallo”), the Belgian-Spanish non-ferrous metals recycling Group.

Metallo is a recycling and refining company with around 530 employees at its main sites in Belgium and Spain. In the fiscal year 2018, Metallo generated revenues of approximately EUR 985 million. With the transaction, Aurubis continues to actively pursue its multi-metal and recycling strategy.

The closing of the transaction is subject to clearance by the responsible merger control authorities and is expected to take place towards the end of the year. The Supervisory Board of Aurubis AG has already approved the transaction.

Hits: 9

Categories: News

Tags:

Platinum Equity to Sell Artesyn’s Embedded Power Business to Advanced Energy

No Comments

Platinum

Partial Divestiture Separates Artesyn’s Embedded Power, Embedded Computing and Consumer Products Businesses

LOS ANGELES (May 15, 2019) – Platinum Equity announced today the signing of a definitive agreement to sell the Embedded Power business of portfolio company Artesyn Embedded Technologies, Inc., to Advanced Energy Industries, Inc. (Nasdaq: AEIS), in a transaction valued at approximately $400 million. The transaction is expected to close during the second half of 2019, subject to regulatory approval and other customary closing conditions.

Artesyn Embedded Technologies has been a portfolio company of Platinum Equity since 2013.

Artesyn’s Embedded Power business is a leading global supplier and manufacturer of highly engineered power conversion products, including AC-DC power supplies, DC input devices and board mounted DC-DC modules.

“The Embedded Power business and Advanced Energy are a great strategic fit with complementary strengths,” said Platinum Equity Partner Jacob Kotzubei. “We are pleased to have found a combination that makes great sense for both companies and their customers.”

“The Embedded Power business and Advanced Energy are a great strategic fit with complementary strengths,” said Platinum Equity Partner Jacob Kotzubei. “We are pleased to have found a combination that makes great sense for both companies and their customers.”The transaction announced today only involves Artesyn’s Embedded Power business, which includes the Artesyn and Astec brands. Artesyn’s Embedded Computing and Consumer products businesses are not part of the sale and remain part of Platinum Equity’s portfolio.

Mr. Kotzubei said separating the three businesses makes the most long-term sense.

“Artesyn serves three very different markets, each with its own customer base and unique dynamics,” explained Mr. Kotzubei. “Separating them into standalone operations opens up more opportunities with greater potential.”

Artesyn’s Embedded Power business is one of the world’s largest providers of highly engineered, application-specific power supplies for demanding applications. As a trusted technology partner to original equipment manufacturers, it serves multiple attractive growth markets, including hyperscale data centers, telecom infrastructure in next generation 5G networks, embedded industrial power applications and medical power for diagnostic and treatment applications.

JP Morgan is serving as primary financial advisor to Artesyn on the sale of the Embedded Power business. Morgan Stanley is also providing financial advisory services to the company. Morgan, Lewis & Bockius LLP and Baker & McKenzie LLP are serving as Artesyn’s legal counsel on the transaction.

About Platinum Equity
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $13 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 23 years Platinum Equity has completed more than 250 acquisitions.

Investor Relations
and Media Contacts:

Mark Barnhill
Partner
+1 310.228.9514 E-mail Mark

Dan Whelan
Principal
+1 310.282.9202

Hits: 4

Categories: News

Tags:

SPHEREA continues its growth trajectory with a consortium comprising Andera Partners and Omnes

Omnes Capital

Paris and Toulouse, 15 May 2019 – A consortium, comprising Andera Partners, via its fund WINCH Capital 4, and Omnes, via its fund Omnes Croissance 4, is taking a majority shareholding in the group SPHEREA, alongside management and its existing financial shareholders (ACE Management via Aerofund III and IRDI-SORIDEC Gestion, via SCR fund IRDI).

Since its exit and its capitalistic independence from the Airbus group, SPHEREA, created in 1965, continues its growth trajectory with the ambition of becoming first European, and then world leader in technological test solutions that enable the availability and security of critical systems for civil or military clients.

SPHEREA offers modular technology solutions for the entire lifecycle of electronic systems. A recognized market integrator, which has developed a wide range of products dedicated to electronic tests, such as the ATEC Series automatic test benches used in maintaining most Airbus and Boeing aircraft, the group relies on the synergy of its professional expertise in the fields of electronics, microwave, optronics, and power electronics. Since its exit in 2014 from the Airbus group, SPHEREA has diversified into energy and rail sectors.

The Group’s development dynamic is supported by an excess of 600 loyal customers worldwide, major players in aerospace and defence (Airbus, Dassault, Honeywell, Lufthansa Technik, DGA, Nahema, Thales, Comac), energy (EDF, Schneider Electric, RTE), or railways (SNCF, Alstom).

SPHEREA generated around €130 million in turnover in 2018, half of which came from exports (50 countries), and employs over 600 staff in France, Germany, the UK., the US and in Asia.

The aim of this deal is to allow SPHEREA to take a new step in its development based in particular on the following strategic areas:

Broadening its technological offer: in particular, developing predictive maintenance solutions, anticipating diagnostics, decision support, portable soil testing, on-board maintenance, and simulation;
Strengthening its positioning in new markets (energy and rail), drawing on its previous expertise in aeronautics;
Accelerating its international development (particularly in Asia and the US) and intensifying its policy of strategic acquisitions in France and Europe.

 

Christian Dabasse, CEO and Chairman of SPHEREA: “Our raison d’être is to ensure the reliability and security of our customers’ critical systems, we intervene where human life is at stake. Research and innovation are essential axes in a changing world in paradigm shift. Our new financial partners will enable us to expand our offering through increased R&D that responds to these challenges, as well as an ambitious external growth policy, both in France and abroad, on related trades or on new technologies in line with our mission. I especially thank Thierry Letailleur who, in 2014, as CEO of ACE Management and CEO of IRDI, was kind enough to support me in the creation of SPHEREA, and today allows us to enter a new phase of development.”

Antoine Le Bourgeois and Pierre-Yves Poirier, Partners at Andera Partners: “Management convinced us of the solidity of the Group’s historic businesses and the potential for new technological developments in the years to come. In addition, SPHEREA Group is fully committed to the investment strategy of our WINCH Capital 4 fund, which aims to support the change in scale of leading players in their market.”

Stéphane Roussilhe, Partner at Omnes: “We are delighted to support the management team in developing SPHEREA’s core business but also by helping external growth in France and internationally. This investment thesis perfectly reflects the strategy of our Omnes Croissance 4 fund.”

Thierry Letailleur, CEO, and Delphine Dinard, Partner, at ACE Management: “We are delighted to participate in this deal led by Andera and Omnes which allows us to continue supporting the group SPHEREA, which began 5 years ago. We are very proud of the journey made by Christian Dabasse and all his teams. This transaction also illustrates the ability of ACE Management to support strategic industrial companies across all phases of their development, such as the reinvestments recently made within the groups Duqueine, Nexteam, Rafaut and Socomore.”

Marc Bres-Pintat, Investment Director at IRDI-SORIDEC Gestion: “After backing Christian Dabasse and his teams during the successful spin-off from the Airbus group, IRDI-SORIDEC Gestion wanted to join this new capital-intensive operation aimed at providing SPHEREA with the means to pursue its growth strategy.”

Hits: 6

Categories: News

Tags:

Anders Invest acquires VIOS Houttechniek

Anders Invest

On May 15th, Anders Invest acquired VIOS Houttechniek with branches in Driebruggen, Hoorn and Doetinchem. VIOS, founded in 1914 and now number 1 in the Netherlands in the production and sale of wooden staircases, has a turnover of € 25-30 million and employs more than 150 people. For Anders Invest, it is the 15th company in its industry portfolio.

VIOS is the market leader in the Netherlands in the field of engineering, production and assembly of serial custom-made staircases for residential construction. The company has most large, medium and small Dutch construction companies as customers. VIOS is increasingly involved in the construction process so that the right staircase is installed at the right time and the completion of the home can proceed in a timely manner. On the sales side, VIOS is also integrated with contractors and developers with online tools with which home owners can configure their stairs. In addition to serial-produced staircases, VIOS makes exclusive, tailor-made staircases including carpentry, stair gates and stair railings.

Stairrailing factory Fremeyer in Hoorn is also part of the transaction. VIOS has a third location in Doetinchem with a showroom where various luxury staircases can be seen. VIOS increasingly inspires its customers and end users in the application of higher quality staircases, finishes and various options. VIOS has a modern and automated machine park at its factory in Driebruggen, which means that a staircase is processed very efficiently from drawing to end product.

The shares were taken over from directors Hans Diekema and Jaap Mullié, both of whom had owned VIOS since 2003. Anders Invest is doing the acquisition together with incoming director Dirk Bergman, who is acquiring a minority interest. Dirk has extensive experience in management positions at wood and building materials companies. In his most recent role, Dirk was active as CEO of Deli Home.

In the past 10 years, VIOS has acquired a leading position in the market through organic growth and through various takeovers of smaller staircase factories. Due to the increasing demands on building processes, solid prospects for the number of new homes to be delivered and the consumer who expects more customization, the company sees sufficient opportunities for further growth. VIOS is characterized by a pleasant organizational culture with loyal employees with attention to quality and craftsmanship. Anders Invest and Dirk Bergman look forward to adding a successful new period to the company’s history with them.

Hits: 3

Categories: News

Tags:

The Stephens Group Acquires Sound Seal Holdings, Inc.

Stephens Group

The Stephens Group, LLC announced today that it finalized its acquisition of Sound Seal Holdings, Inc. (“Sound Seal” or the “Company”). Terms of the transaction were not disclosed.

Based in Agawam, Massachusetts, Sound Seal is a leading manufacturer of acoustical noise control solutions, offering the widest product selection in the industry with innovative solutions and outstanding customer service. Sound Seal’s highly engineered products include soundproof doors and windows, noise curtains and barriers, fabric wrapped wall panels, enclosures, specialized floor underlayments and the award winning line of WoodTrends wall and ceiling panels. IAC Acoustics, a division of Sound Seal, is the leading developer and manufacturer of metal HVAC silencers, acoustic louvers, metal soundproof enclosures and highly engineered sound control doors and windows. Sound Seal works in a highly collaborative manner with acoustical consultants, architects, designers, industrial contractors, and building owners to address a wide range of noise control applications across industrial, architectural, medical, retail, entertainment and other end markets.

“We are very excited to add Sound Seal to our portfolio of world class companies,” said Clay Hunter, managing director at The Stephens Group. “Sound Seal is a leader in their industry with a strong and experienced management team in place. There are a number of long-term, systemic forces driving adoption of noise control products in almost every industry, and Sound Seal’s highly engineered products, scale, solutions-oriented reputation and its customer-centric culture uniquely position the company for success in this rapidly growing industry. We are excited to be partnering with Joe and his team to accelerate their growth strategy and look forward to building an enduring relationship with the Sound Seal employees and their customers.”

“The team at Sound Seal could not be more excited to move forward with The Stephens Group,” said Joe Lupone, Sound Seal’s chief executive officer. “The Stephens Group provides Sound Seal with much more than just capital. Their value-added approach to enabling organic and acquisitive growth will help us achieve our strategic vision and build long-term value without the timeline constraints of a traditional private equity investor.”

ABOUT THE STEPHENS GROUP, LLC

The Stephens Group is a private investment firm that partners with talented management teams to help build valuable businesses. Our team has a long history of providing sophisticated, strategic expertise and taking a partnership approach to help companies successfully achieve their strategic visions and build long-term value. With over $1 billion invested since 2006, The Stephens Group targets investments in industries across the U.S., including industrial and commercial products and services, specialty distribution, B2B food and consumer products, and technology infrastructure and tech-enabled services, as well as select opportunistic situations.

For more information, visit www.stephensgroup.com

CONTACT:
Ronald M. Clark
General Counsel
The Stephens Group, LLC
info@stephensgroup.com
501.377.2356

Hits: 11

Categories: News

Tags:

The Carlyle Group and Schneider Electric extend partnership to develop Critical Infrastructure projects

Carlyle

  • The partnership is designed to develop new and innovative infrastructure projects meeting the growing need for sustainable investment in critical assets and services
  • The companies will focus on delivering digitally-enabled and efficient critical assets by combining Carlyle Infrastructure’s investing and asset-operator expertise with smart energy management and automation solutions from Schneider Electric
  • The partnership builds on and expands the existing strategic alliance to widely deploy microgrids through customer adoption of energy-as-a-service offering

WASHINGTON, DC AND RUEIL-MALMAISON (FRANCE) – Global investment firm, The Carlyle Group (NASDAQ: CG) and Schneider Electric SE (EPA: SU), the leader in the digital transformation of energy management and automation, today announced the enhancement of their partnership to develop new and innovative infrastructure projects.

In addition to creating new investment and energy-as-a-service opportunities, this collaboration will apply Schneider Electric’s capabilities in advanced connectivity and real-time insights to current and future Carlyle infrastructure and microgrid investments.

In a market which faced sustained underinvestment in critical infrastructure due to funding constraints, the new partnership will offer innovative and efficient solutions meeting the needs of a rapidly changing energy landscape.

The Carlyle Group recently announced several large infrastructure projects, including the JFK Airport Terminal One Redevelopment, Munich Airport Joint Venture (Reach Airports) and Lone Star Ports Harbor Island Crude Export Terminal, which are expected to benefit from this partnership and Schneider’s breadth of technology-enabled products, solutions and services.

The JFK Airport Terminal One Redevelopment, the most recently announced project, is expected to leverage Schneider Electric’s solutions to improve the sustainability of the terminal and enhance the reliability of the airport’s energy supply through a state-of-the-art microgrid. The redevelopment is expected to reduce energy use by as much as 30% and contribute to a goal of reaching 100% renewable energy usage within the next decade.

The new partnership also entails the formation of a joint venture, named AlphaStruxure to drive from the design and engineering phase the development of smarter infrastructure projects and more reliable distributed energy and microgrid networks.  Juan Macias, formerly SVP of Energy Automation and Digital Energy Solutions at Schneider Electric, will lead AlphaStruxure as the Chief Executive Officer, drawing on his broad experience in global energy technology and new market endeavors over a nearly 30-year career in the energy and industrial sectors.

The $18 trillion U.S. economy relies on a vast network of infrastructure that was built decades ago and plays a major role in the growth of the economy[1]; delayed investment and rising maintenance costs are however limiting the economic growth potential of these critical infrastructure. Innovative private sector partnerships, such as this one, can bring new solutions to upgrade critical infrastructure within airports, seaports, water treatment and delivery, institutions, communities and the private sector to optimize energy consumption, deliver cost savings and improve productivity and reliability

“People everywhere rely daily on infrastructure that does not meet the demands of a 21st century economy,” said Andrew Marino, Managing Director and Co-Head of Carlyle’s global infrastructure team. “AlphaStruxure delivers a powerful combination of cutting-edge automation and energy management technology and expertise, and financing solutions to turn this important global issue on its head. Together, we will identify new investment opportunities, modernize core infrastructure to keep people and goods moving, and open new value and revenue streams for both public and private entities. We look forward to a prominent role in shaping the future of infrastructure around the world.”

“Strong and resilient critical infrastructure is fundamental to powering and maintaining our digital economy. We are just scratching the surface of the investment needed to create more modern airports, water systems, transportation systems and others that will support future demand and connect society,” said Jean-Pascal Tricoire, Chairman and CEO, Schneider Electric. “While infrastructure is a global issue, it can only be addressed at a local level. We believe our partnership leverages the best of our organizations’ abilities: Carlyle’s ability to get deals done with local stakeholders support and our global technology expertise and footprint to optimize projects that will provide immediate, tangible impact for economies globally.”

AlphaStruxure builds on Schneider Electric and The Carlyle Group’s strategic alliance to deliver an energy-as-a-service model that empowers customers to stabilize long-term energy costs and upgrade critical energy infrastructure. By providing energy-as-a-service, customers have a platform to own and operate microgrids without capital outlay, as well as a simpler solution to meet operational efficiency and clean energy goals.

* * * * *

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 $216 billion of assets under management as of December 31, 2018, Carlyle’s purpose is to invest wisely and create value on behalf of our investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,650 people in 31 offices across six continents.

Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

About Schneider Electric

Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. Schneider provides integrated efficiency solutions, combining energy, automation and software. Schneider believes that great people and partners make Schneider a great company and that its commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment. www.schneider-electric.com

Contact

The Carlyle Group
Liz Gill: +1 (202) 729-5385
elizabeth.gill@carlyle.com

Schneider Electric

Véronique Luneau (Roquet-Montégon) : +33 (0)1 41 29 70 76

[1] A 2014 University of Maryland study found that infrastructure investments added as much as $3 to GDP growth for every dollar spent, with a larger impact realized during a recession

Hits: 2

Categories: News

Tags:

Genstar Capital Announces Acquisition of Ohio Transmission Corporation in Partnership with Management

OTC to Benefit from Accelerating Industry Demand for Factory Automation


SAN FRANCISCO, April 9, 2019—Genstar Capital, a leading private equity firm focused on investments in targeted segments of the industrial technology, healthcare, software, and financial services industries, today announced the acquisition of Ohio Transmission Corporation (OTC), an industrial automation equipment distributor and technical service provider.

Ohio Transmission Corporation is a leading technical distributor of highly engineered products including motion control, pumps, finishing products, robotics, motors and air compressors.  OTC serves over 13,000 customers across diverse end-markets, providing highly technical sales consultation and aftermarket repair and services. Key end markets include transportation, industrial machinery, metals, chemicals, and food & beverage among others.  Founded in 1963 and headquartered in Columbus, Ohio, OTC’s geographic footprint includes 38 branch locations in 17 states.

Rob Rutledge, Managing Director at Genstar said, “OTC operates at a pivotal point in the manufacturing sector, benefiting suppliers looking to partner with distributors with broader product and service capabilities and customers who are increasingly relying on distributors with strong technical resources.  The company provides a leading brand portfolio of highly technical products, value added services and specialized solutions with a proven track record of adding new product categories.  We look forward to supporting management’s strategy of product and geographic expansion organically as well as through strategic acquisitions to better serve OTC’s customers.”

Philip Derrow, Chief Executive Officer of OTC, said, “My father founded a company that for nearly 60 years has operated with an established culture and values rooted in integrity, achievement, and growth.  Genstar has direct experience working with industrial technology companies like ours and we look forward to working with their investment and operating partners to capitalize on numerous growth opportunities to broaden our geographic reach and enhance our technical solutions offerings to better serve our customers and suppliers and create opportunities for our associates.”

OTC has been a successful integrator, completing 16 successful acquisitions since 2010, and maintains a robust pipeline of actionable platform enhancing opportunities.

Weil, Gotshal & Manges LLP acted as legal counsel to Genstar Capital in the acquisition.

About Genstar Capital

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for over 30 years.  Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $17 billion of assets under management and targets investments focused on targeted segments of the industrial technology, healthcare, software, and financial services industries.

###

MEDIA INQUIRIES:

Contact: Chris Tofalli
Chris Tofalli Public Relations
914-834-4333

 

Hits: 2

Categories: News

Tags:

ARDIAN arranges a senior financing for IK INVESTMENT PARTNERS as it buys into NETCO

Ardian

Paris, 27 March 2019 – Ardian, a world leading private investment house, announces that it has arranged a senior financing for IK Investment Partners’ acquisition of a stake in NetCo Group putting the latter alongside the founding family, Perriez, and Andera Partners. The financing will also help the planned expansion of the Group through future acquisitions in France and abroad.
Founded in France in 1902, NetCo is the European specialist in the general maintenance and servicing of conveyor systems across a range of production sectors – particularly minerals, agro-food and environmental.
Thanks to a robust full maintenance model, the Company has become a strategic partner for its clients when it comes to conveyor system maintenance. Based in Bordeaux, NetCo has a network of 55 branches and over 500 employees, mainly in France, Belgium and Luxembourg.
The Group is headed up by Samuel and James Perriez, and has been supported by Andera Partners (via WINCH Capital 3) since 2016. NetCo has increasingly outsourced its European maintenance business and has begun to expand internationally. Since 2000, the Company has made over thirty acquisitions – half of these in the last three years – which has doubled the size of NetCo in just two years.

Guillaume Chinardet, Head of Ardian Private Debt France, said: “We were impressed by the expansion of NetCo Group, which significantly increased its share of the market by opening and acquiring branches while simultaneously offering standardized, highly technical services. We are delighted to be part of the next stage in the company’s development through this senior financing.”
Jean-David Ponsin, Director at Ardian Private Debt, added: ”We are happy to be able to support NetCo’s growth in a consolidating market and we are convinced that our financing solution will give the Company the capacity and flexibility it needs for its future development.”
Pierre Gallix and Arnaud Bosc, partners at IK, added: “Ardian’s ability to offer a solution to the Group’s requirements was key to this partnership. Ardian has been extremely responsive and creative and has set up financing that is perfectly suited to the way NetCo intends to move forward.”
Samuel Perriez and James Perriez, as NetCo’s President and CEO commented: ”NetCo has an ambitious development strategy that demands a solid yet flexible financing solution. We are certain that Ardian will prove to be a valuable long-term partner, with the ability to support the Group as it expands.”
François-Xavier Mauron and Antoine Le Bourgeois, partners at Andera Partners, concluded: ”We are delighted to be able to continue to support NetCo’s growth alongside IK Investment Partners, Samuel and James Perriez and Ardian, paving the way for new international ambitions.”

ABOUT NETCO GROUP

Founded in 1902, NetCo is the European specialist in the global maintenance and servicing of conveyor systems in all production sectors. With a network of 55 locations, NetCo is known for its reactivity, efficiency and tailor-made, high-tech services. The company employs a total of 500 employees in France, Belgium and Luxembourg.
www.groupe-netco.com

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$90bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.
Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.
Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 585 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 800 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

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 close to €9.5 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.

ABOUT ANDERA PARTNERS

Founded in 2001 within the Edmond de Rothschild Group, and wholly owned by its teams since March 2018, Andera Partners is a reference in unlisted investment in France and abroad. It manages €2.3 billion in life sciences (BioDiscovery), development and capital transmission (WINCH Capital in Mid-Cap and Cabestan Capital in Small-Cap), and mezzanine sponsorless debt (ActoMezz).

LIST OF PARTICIPANTS

Ardian Private Debt: Guillaume Chinardet, Jean-David Ponsin, Gabrielle Philip
IK Investment Partners: Pierre Gallix, Arnaud Bosc, Morgane Bouhenic, Caroline Le Hen, Adrien Normand
Andera Partners: Francois-Xavier Mauron, Antoine Le Bourgeois, Arthur Milliard
Legal and financial advisors (Ardian): Willkie Farr & Gallagher – Paul Lombard, Ralph Unger, Louis Renucci
Legal and financial advisors (IK Investment Partners): Volt Associés – Alexandre Tron, François Jubin, Morgane Le Gallic

Hits: 68

Categories: News

Tags: