AURELIUS Group to expand its management team

Aurelius Capital

  • Donatus Albrecht to look after the group-wide M&A strategy
  • Matthias Täubl newly appointed to the Executive Board with responsibility for operations

Munich, July 17, 2018 – AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) is announcing changes to its Executive Board today. From August 1, 2018, Donatus Albrecht will look after the group-wide M&A strategy of all business areas of the AURELIUS Group and will step down from the Executive Board of the listed AURELIUS Equity Opportunities SE & Co. KGaA. Matthias Täubl, who has already been with AURELIUS since 2008, will join the Executive Board with responsibility for operations at the same time.

These personnel changes are in response to the significant increase in the size of the AURELIUS Group in recent years, which now has operations as an investment group across Europe. Since it was founded, AURELIUS has progressed from being a local turnaround investor to a pan-European multi-asset manager. AURELIUS Equity Opportunities is the publicly traded investment arm with a focus on the acquisitions of companies in transitional or exceptional situations. The AURELIUS Group also operates in the Growth Capital and Debt Opportunities business fields.

Donatus Albrecht to look after the group-wide M&A strategy

Donatus Albrecht will head up the acquisitions and sales for all of the Group’s business areas in the future. Before now, Donatus Albrecht was a board member at AURELIUS Equity Opportunities, where he was responsible for the M&A activities. He has managed a total of more than 70 corporate transactions to date in his career.

Matthias Täubl newly appointed to the Executive Board with responsibility for operations

Matthias Täubl will join the Executive Board of AURELIUS Equity Opportunities, where he will be responsible for the realignment of portfolio companies. Matthias Täubl has already held various positions on the AURELIUS Task Force since 2008, responsible among other things for the very successful realignment of the Getronics group, which was sold in 2017 as the largest exit in the company’s history to date. He studied International Business Relations at the University of Applied Sciences in Eisenstadt in Austria and at Helsinki Business Polytechnic in Finland.

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Francisco Partners Announces Strategic Minority Investment by Blackstone and Goldman Sachs Asset Management

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Franciso Partners

San Francisco – Francisco Partners, a leading technology-focused private equity firm, announced that Blackstone’s (NYSE: BX) Strategic Capital Group and Goldman Sachs Asset Management’s Petershill program (“Petershill”) (NYSE: GS) have acquired a minority stake in Francisco Partners. The investment provides Francisco Partners with balance-sheet capital to continue to develop its strong platform while increasing commitments to its own funds, strengthening its alignment with limited partners. Terms of the transaction were not disclosed.

Dipanjan “DJ” Deb, Co-founder and CEO of Francisco Partners, said, “Since our inception, we have always prided ourselves on the strength of our relationships. We have the opportunity to work with great management teams who create solutions across all sectors of technology. We have incredible limited partners and now we are proud to bring on two strategic partners in Blackstone and Goldman Sachs to help us continue to grow our platform so that we can build on the success of the past 20 years. We are excited about the opportunities ahead of us and welcome the resources and expertise that these firms bring to FP.”

Scott Soussa, Head of Blackstone Alternative Asset Management’s Strategic Capital Group which specializes in acquiring long-term interests in alternative managers, said, “Francisco Partners is driven by a talented investing team with deep industry expertise. For nearly two decades, the team has stood out as a leading partner to businesses in the technology sector and we, alongside Petershill, are proud to support their continued growth.”

Robert Hamilton Kelly, Managing Director in the AIMS Group at Goldman Sachs Asset Management, said, “We look to partner with differentiated businesses with their best years ahead of them, and we believe Francisco Partners is a perfect example of such a firm. They have a well-deserved reputation for thoughtful investment and strategic operational execution across the technology space.”

Michael Brandmeyer, co-CIO of the AIMS Group at Goldman Sachs Asset Management, said “The Francisco Partners team is impressive and we appreciate the commitment and continuity of the organization. We, together with Blackstone, look forward to supporting the firm’s development and believe in its continued success.”

Evercore served as financial advisor to Francisco Partners. Kirkland & Ellis LLP served as legal counsel to Francisco Partners, Simpson Thacher served as legal counsel to Blackstone and Fried Frank served as legal counsel to Goldman Sachs.

About Francisco Partners

Francisco Partners is a leading global private equity firm that specializes in investments in technology and technology-enabled services businesses. Since its launch over 18 years ago, Francisco Partners has raised over $14 billion in capital and invested in more than 200 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com.

About Blackstone Alternative Asset Management

Blackstone Alternative Asset Management (BAAM®), Blackstone’s Hedge Fund Solutions platform, is the world’s largest discretionary investor in hedge funds, with approximately $79 billion in assets under management. BAAM manages a diversified set of businesses including a customized solutions business, a special situations platform, a hedge fund seeding business, an open-ended mutual fund platform and a business that purchases stakes in established alternative asset managers. In all of BAAM’s business lines, it carefully selects and partners with fund managers across a variety of asset classes and strategies to create solutions for its investors. Through its sharp focus on clients’ goals, a rigorous due-diligence process and access to Blackstone’s global insights, BAAM strives to generate attractive risk-adjusted returns across market cycles while preserving capital during stressed market environments.

About the Goldman Sachs Asset Management AIMS Group

The Alternative Investments & Manager Selection (AIMS) Group provides investors with investment and advisory solutions across leading private equity funds, hedge fund managers, real estate managers, public equity strategies and fixed income strategies. Institutional and individual investors access these opportunities through new fund commitments, multi-manager programs, strategic partnerships, secondary-market investments, co-investments, management-company stakes, and seed-capital investments. The Petershill Strategies are a part of the AIMS Group, which manages over $200 billion, providing manager diligence, portfolio construction, risk management, and liquidity solutions to investors around the world.

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Francisco Partners Announces Strategic Minority Investment by Blackstone and Goldman Sachs Asset Management

Blackstone

San Francisco, July 13, 2018 – Francisco Partners, a leading technology-focused private equity firm, announced that Blackstone’s (NYSE: BX) Strategic Capital Group and Goldman Sachs Asset Management’s Petershill program (“Petershill”) (NYSE: GS) have acquired a minority stake in Francisco Partners. The investment provides Francisco Partners with balance-sheet capital to continue to develop its strong platform while increasing commitments to its own funds, strengthening its alignment with limited partners. Terms of the transaction were not disclosed.

Dipanjan “DJ” Deb, Co-founder and CEO of Francisco Partners, said, “Since our inception, we have always prided ourselves on the strength of our relationships.  We have the opportunity to work with great management teams who create solutions across all sectors of technology.  We have incredible limited partners and now we are proud to bring on two strategic partners in Blackstone and Goldman Sachs to help us continue to grow our platform so that we can build on the success of the past 20 years.  We are excited about the opportunities ahead of us and welcome the resources and expertise that these firms bring to FP.”

Scott Soussa, Head of Blackstone Alternative Asset Management’s Strategic Capital Group which specializes in acquiring long-term interests in alternative managers, said, “Francisco Partners is driven by a talented investing team with deep industry expertise. For nearly two decades, the team has stood out as a leading partner to businesses in the technology sector and we, alongside Petershill, are proud to support their continued growth.”

Robert Hamilton Kelly, Managing Director in the AIMS Group at Goldman Sachs Asset Management, said, “We look to partner with differentiated businesses with their best years ahead of them, and we believe Francisco Partners is a perfect example of such a firm. They have a well-deserved reputation for thoughtful investment and strategic operational execution across the technology space.”

Michael Brandmeyer, co-CIO of the AIMS Group at Goldman Sachs Asset Management, said “The Francisco Partners team is impressive and we appreciate the commitment and continuity of the organization.  We, together with Blackstone, look forward to supporting the firm’s development and believe in its continued success.”

Evercore served as financial advisor to Francisco Partners. Kirkland & Ellis LLP served as legal counsel to Francisco Partners, Simpson Thacher served as legal counsel to Blackstone and Fried Frank served as legal counsel to Goldman Sachs.

About Francisco Partners
Francisco Partners is a leading global private equity firm that specializes in investments in technology and technology-enabled services businesses. Since its launch over 18 years ago, Francisco Partners has raised over $14 billion in capital and invested in more than 200 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in opportunities its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com.

About Blackstone Alternative Asset Management
Blackstone Alternative Asset Management (BAAM®), Blackstone’s Hedge Fund Solutions platform, is the world’s largest discretionary investor in hedge funds, with approximately $79 billion in assets under management. BAAM manages a diversified set of businesses including a customized solutions business, a special situations platform, a hedge fund seeding business, an open-ended mutual fund platform and a business that purchases stakes in established alternative asset managers. In all of BAAM’s business lines, it carefully selects and partners with fund managers across a variety of asset classes and strategies to create solutions for its investors. Through its sharp focus on clients’ goals, a rigorous due-diligence process and access to Blackstone’s global insights, BAAM strives to generate attractive risk-adjusted returns across market cycles while preserving capital during stressed market environments.

About the Goldman Sachs Asset Management AIMS Group
The Alternative Investments & Manager Selection (AIMS) Group provides investors with investment and advisory solutions across leading private equity funds, hedge fund managers, real estate managers, public equity strategies and fixed income strategies. Institutional and individual investors access these opportunities through new fund commitments, multi-manager programs, strategic partnerships, secondary-market investments, co-investments, management-company stakes, and seed-capital investments. The Petershill Strategies are a part of the AIMS Group, which manages over $200 billion, providing manager diligence, portfolio construction, risk management, and liquidity solutions to investors around the world.

Contacts
Francisco Partners
John Moore
+1 (215) 657-4971
john.moore@zenogroup.com 

Blackstone
Paula Chirhart
+1 (212) 583-5263
paula.chirhart@blackstone.com

Goldman Sachs
Patrick Scanlan
+1 (212) 902-5400

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The Carlyle Group Names Minoru Koshibe as Senior Advisor

Carlyle

Industry Veteran Brings Abundant Insights and Broad Network to Support Investments and Portfolio Management

Tokyo, Japan, July 12, 2018 – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that Minoru Koshibe, former Executive Vice President of Mitsui Chemicals, Inc., has been appointed as a Senior Advisor to Carlyle Japan advisory team.

Mr. Koshibe will advise the Carlyle team on the business environment and key trends in sectors such as the chemicals industry. He will also support the management teams of Carlyle’s portfolio companies regarding corporate governance, operations, branding and growth strategies.

Carlyle currently has a global team of more than 40 Operating Executives, Senior Advisors and Operating Advisors with an average of more than 30 years’ experience as executives and leaders at top-tier companies. They support Carlyle’s sourcing and value creation activities across a broad range of industries. In Japan, Carlyle now has five Senior Advisors with the addition of Mr. Koshibe. Others are Mr. Tamotsu Adachi, former Co-Representative of Carlyle Japan and current Representative Director, President and CEO of Benesse Holdings, Inc.; Mr. Yukio Kubota, former President of Sony Ericsson Mobile Communications Japan, Inc.; Mr. Yasuo Nishiguchi, former President and CEO of Kyocera Corporation; and Mr. Yutaka Nishimura, former President and Regional CEO of Richemont Japan Ltd.

Kazuhiro Yamada, Managing Director and Representative of Carlyle Japan LLC, said, “I would like to sincerely welcome Mr. Koshibe to our team. During his 40-year career at Mitsui Chemicals and its predecessor, Mitsui Toatsu, Mr. Koshibe has developed significant expertise spanning from on-the-field manufacturing/production to research and process development, and extending to corporate planning, sales and business development (M&A and partnerships/alliances). With his appointment, the Carlyle team in Japan will have a strong team of five Senior Advisors, helping us to source new deals and create even more value in the companies we invest in.”

Mr. Koshibe said, “I am honored to be part of Carlyle’s Senior Advisor team. I look forward to working closely with the Carlyle Japan team to achieve further success by leveraging my experience and industry knowledge. I also hope to support the value creation of Carlyle’s portfolio companies, and hence contribute to the revitalization of the overall Japanese economy.”

Mr. Koshibe joined Mitsui Toatsu Chemicals Co., Ltd. (currently Mitsui Chemicals, Inc.) in 1978 and held positions including Corporate Planning, Executive Officer, and Planning and Development Director for the Material Business Department, and Managing Executive Officer. In 2013, he was appointed Representative Director and Executive Vice President.

Mr. Koshibe has engaged in numerous domestic and cross-border mergers and acquisitions, helping to expand Mitsui Chemical’s businesses especially in the fields of healthcare and agrichemicals, and adding new products such as electronic glasses. He led the establishment of the company’s mid-term business plan and business portfolio restructuring, including new business partnerships, delistings and demergers. Currently, Mr. Koshibe serves as Senior Councilor for Mitsui Chemicals, Inc., Executive Advisor for Mitsui & Co., Ltd., and Consultant for LOTTE Corporation. He is also actively involved in a variety of industrial organizations, serving as, for instance, the Director for “Kokuryoku Baizou Juku” (a General Incorporated Association), Advisor for “Furusato TV” (a Nonprofit Organization), Representative Facilitator for Thomson Reuters Salon, and Supporter of Monozukuri Nadeshiko.

Mr. Koshibe earned his B.A. and M.A. from Osaka University’s School of Science.

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Nordic Capital and Norrsken Foundation partner up to strengthen impact entrepreneurs

Nordic Capital

Norrsken Foundation and private equity firm Nordic Capital Investment Advisory AB (“Nordic Capital”) have established a long term strategic partnership. Through the partnership, Nordic Capital will advise Norrsken’s member companies on how to scale their businesses. The partnership is part of Nordic Capital’s ambition to build long term sustainable companies that contribute positively to society.

The aim of the partnership between Norrsken Foundation and Nordic Capital is to support the social entrepreneurs in the Norrsken ecosystem to scale their business, thereby increasing their positive impact on the communities is which they are active. The partnership reinforces Nordic Capital’s commitment to sustainable behaviour.

Norrsken has the ambition to tackle the largest challenges facing humanity with the vision to help create a world optimised for people and the planet. Nordic Capital will work closely with the Norrsken Investment Team, providing advice on investment and operational excellence processes. Nordic Capital will also help Norrsken’s member companies to organise their board work and give advice on how to raise money, find investors and support the building of prospering businesses.

The Norrsken ecosystem consists of companies with sustainable business models focused on solving some of the environmental and social problems the world faces and accelerating positive change. Norrsken engages in early stage businesses by helping them to scale. Companies represented in the ecosystem include, for example: Karma, a company that reduces food waste; Hygglo, which enables users to rent the things they need and rent out the things they own; and Doctrin which provides digital solutions for doctors’ consultations which increase patient involvement and facilitate doctor-patient communication.

“Nordic Capital strives to contribute to society by building market-leading sustainable companies. We are proud to announce a partnership with Norrsken Foundation, an important incubator for small, impact-driven companies. This is a way for us to engage in early stage sustainable companies,” says Kristoffer Melinder, Managing Partner at Nordic Capital.

“Nordic Capital has a world-class record of building and scaling sustainable businesses. It is fantastic that they will now support Norrsken and impact entrepreneurs in their growth journeys. With this partnership, we can positively impact many people and even increase the chances of enabling an impact unicorn – a company positively affecting one billion people”, says Niklas Adalberth, the founder of Norrsken.

 

Media Contacts:

Nordic Capital
Elin Ljung, Director of Communication and Sustainability,
Tel: +46 8 440 50 50
e-mail: elin.ljung@nordiccapital.com

Norrsken
Funda Sezgi, Chief House Officer,
Tel: +46 72 962 39 29
e-mail:  funda@norrskenfoundation.org

 

About the Nordic Capital Funds
Nordic Capital is a leading private equity investor in the Nordic region with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a proven track record. Core sectors are Healthcare, Technology & Payments, Financial Services, Industrial Goods & Services and Consumer & Retail, and key regions are the Nordics, Northern Europe, and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 12 billion in 100 investments. The Nordic Capital Funds are based in Jersey and are advised by advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital, please visit www.nordiccapital.com.

About Norrsken
Norrsken Foundation is a Swedish non-profit organization founded in 2016 with the purpose of solving some of the world’s most pressing challenges. The Foundation runs the award winning co-working hub Norrsken House, an impact VC fund of €30M that invests in best entrepreneurs solving the biggest challenges in the world and two in-house initiatives, Klarity & 29k. The Foundation was established by Niklas Adalberth, the co-founder of the financial service company Klarna.

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KKR’s Henry McVey: New Investment Playbook Required

KKR

 

ew Mid-Year Report Provides Update on Global Macro Trends

NEW YORK–(BUSINESS WIRE)– KKR today announced the release of its 2018 mid-year outlook piece by Henry McVey, Head of Global Macro and Asset Allocation (GMAA). In New Playbook Required, McVey outlines his perspective on the current investing environment and updates his asset allocation targets.

“From a macro and asset allocation perspective, we feel confident that we are on the cusp of a secular shift where a new playbook for investing may be required,” Henry McVey says. “We now see a significant ‘baton hand-off’ in many of the markets that we cover from monetary policy towards fiscal stimulus — perhaps the most important shift in the last decade. This change in policy leads us to favor investments with greater linkages to the real economy — versus purely financial assets — than in the past.”

McVey continues, “We also continue to see nationalist agendas, particularly as they relate to cross-border trade, supplanting more global ones. Against this backdrop, we now favor more upfront yield in the portfolio, we advocate shortening duration, and we place a premium on low cost liabilities. We also continue to view Asia as the world’s incremental growth engine.”

In his latest report, Henry McVey and his team note the following macroeconomic investment trends that are driving his team’s thinking:

  1. Asset allocators and macro players must now invest through the lens of fiscal policy accommodation, not monetary policy accommodation, which has dominated the landscape since the Global Financial Crisis.
  2. Nationalist agendas are now aggressively being emphasized over global ones.
  3. The structural bid for yielding assets remains outsized, but we are further turning our focus towards hard assets that benefit more from nominal GDP.
  4. Buy complexity, sell simplicity. Similar to the late 1990s, we think that the market is giving investors a wonderful opportunity to buy complexity at a discount.
  5. We remain bullish on our ‘Deconglomerization’ thesis, and we continue to see a burst of corporate carve-outs across the globe.
  6. We are increasingly struck by how fast overall consumer behavior patterns are changing and continue to be bullish on our ‘Experiences Over Things’ thesis.
  7. While we continue to favor Emerging Markets over Developed Markets, we acknowledge that our mid-cycle pause thesis is playing out more intensely than we originally envisioned. As such, we continue to advocate more selectivity in the second phase of this secular bull market in Emerging Markets.

Key highlights of Mr. McVey’s asset allocation framework include a substantial underweight to global government bonds, particularly at the long-end of the curve; an increasing overweight to Real Assets with Yield and Growth; the decision to remain equal-weight Public Equities by underweighting Turkey and adding to the U.S.; the addition of Grains (Corn) to the portfolio; and a decrease to Cash.

Links to access this report as well as an archive of Henry McVey’s previous publications follow:

About Henry McVey

Henry H. McVey joined KKR in 2011 and is Head of the Global Macro and Asset Allocation team. Mr. McVey also serves as Chief Investment Officer for the Firm’s Balance Sheet and oversees Firmwide Market Risk at KKR. As part of these roles, he sits on the Firm’s Investment Management & Distribution Committee and the Risk & Operations Committee. Prior to joining KKR, Mr. McVey was a managing director, lead portfolio manager and head of global macro and asset allocation at Morgan Stanley Investment Management (MSIM). Earlier in his career he was a portfolio manager at Fortress Investment Group and chief U.S. investment strategist for Morgan Stanley. While at Morgan Stanley, Mr. McVey was also a member of the asset allocation committee and was the top-ranked asset management and brokerage analyst by Institutional Investor for four consecutive years before becoming the firm’s strategist in January 2004. He earned his B.A. from the University of Virginia and an M.B.A. from the Wharton School of the University of Pennsylvania. Mr. McVey is a member of the TEAK Fellowship Board of Trustees after previously serving as co-chair of the board for five years. Henry is also a member of the Pritzker Foundation Investment Committee, a board member of the University of Virginia Investment Management Company (UVIMCO), a member of the national advisory board for the Jefferson Scholarship at the University of Virginia, and a member of the Council on Foreign Relations Corporate Leader Program.

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic manager partnerships that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE:KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

The views expressed in the report and summarized herein are the personal views of Henry McVey of KKR and do not necessarily reflect the views of KKR or the strategies and products that KKR offers or invests. This release contains projections or other forward-looking statements, which are based on beliefs, assumptions and expectations that may change as a result of many possible events or factors. If a change occurs, actual results may vary materially from those expressed in the forward-looking statements. All forward-looking statements speak only as of the date such statements are made, and neither KKR nor Mr. McVey assumes any duty to update such statements except as required by law.

KKR
Kristi Huller or Cara Major
212-750-8300
media@kkr.com

Source: KKR

News Provided by Acquire Media

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Ardian opens its 14th office in Chile extending Latin American reach and expanding global footprint

Ardian

Ardian’s enhanced presence in the region reinforces its multi-local approach and long-term commitment to the Latin American private equity industry

Santiago de Chile, June 20, 2018: Ardian, a world-leading private investment house with assets of US$71bn managed or advised, today announced the opening of an office in Santiago, Chile. The new office, serving Ardian’s growing base of investors and investments in Latin America (LatAm), demonstrates Ardian’s long-term commitment to both Chile and the LatAm region. This will be Ardian’s 14th office in its global network.

Ardian will work closely with its LPs – pension funds, insurance companies and family offices — to share knowledge and strengthen relationships. Currently, Ardian’s LatAm investor base, mainly within Chile, Colombia and Peru, has leveraged a diversified range of strategies on Ardian’s platform including Private Equity Secondaries, European Direct Buyouts, Infrastructure Secondaries, European Real Estate and Global Co-Investments. Ardian sees continued investor demand in the region, as well as particular interest from LPs within Brazil and Mexico, which are looking to diversify their holdings outside of LatAm.

In addition, Ardian has become increasingly active since it first entered the region in 2010 after it began acquiring LatAm businesses as build-ups for European portfolio companies. Over the last eight years, Ardian has supported portfolio companies acquiring nine LatAm build-ups with specific exposure to Brazil, Mexico, Chile and Ecuador.

In 2016, Ardian Infrastructure made its first LatAm direct investment when it acquired 81 percent stake from Solarpack in four solar PV plants  in Chile and Peru. It will continue to target mid-market essential infrastructure assets in the energy and transport sectors to provide Ardian’s global investor base with increased opportunities to invest in high-quality LatAm infrastructure assets.
Nicolas Gazitua will lead the new Chilean office supported by a dedicated team based in Santiago in coordination with the NYC office co-headed by Mark Benedetti and Vladimir Colas. Ardian will continue to build out the Chilean team and provide additional resources over the coming years.

Benoît Verbrugghe, Member of the Executive Committee, Head of Ardian US said: “The Latin American region is very important to Ardian and this office will allow us to focus on building closer relationships with our LPs and other institutional investors in the region. Our growing international footprint highlights our commitment to a truly global, multi-local approach. We prioritize the deep knowledge and relationships that can only come from an on-the-ground perspective, allowing us to understand the needs of our investors and portfolio companies on a granular level.”

“Furthermore, the Chilean office is an important step forward in our continued efforts to provide our global investor base with opportunities in high quality LatAm investments and superior returns. We will also use the office to source secondary deals from potential LatAm sellers” said Mr. Verbrugghe.

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$71bn 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 500 employees working from fourteen 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). It manages funds on behalf of around 700 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

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Industrifonden Life Science recruits Bita Sehat as Investment Manager

IndustrieFonden

Industrifonden strengthens its Life Science investment team through the recruitment of Dr. Bita Sehat as Investment Manager. Bita brings over 10 years of scientific expertise in oncology as well as corporate experience from Europe and North America.

Prior to joining Industrifonden, Bita Sehat held the position of Head of Business Development and Strategic Partnerships for Battat Inc., a consumer goods company. Her previous experience also includes positions in the health care team at Caisse de dépôt et placement du Québec, the Canadian investment fund, and Foster Rosenblatt Consulting, a forecasting and valuation firm in the pharmaceutical area.

Therapeutics remain the core of our business. The pharmaceutical industry is in the midst of an innovation leap, spearheaded by clinically meaningful novel therapies in areas such as oncology and immunology. Bita’s deep understanding for oncology combined with her North American business experience will be a great addition to our team, says Nina Rawal, Head of Life Science at Industrifonden.

Bita Sehat holds a Master of Science in Biomedicine and a Ph.D. in molecular oncology, both from Karolinska Institute. Her scientific experience also includes two post-doctoral fellowships at Karolinska Institute and McGill University, within the area of signal transduction in breast cancer. Bita also holds an MBA degree in Strategy and Business Valuation from Concordia University John Molson School of Business.

 I’m excited to join the talented life science team at Industrifonden. The Nordic life science landscape is highly innovative and I hope to utilize my scientific expertise and commercial experience to translate strong science into commercially viable products that can improve peoples’ lives, says Bita Sehat.

Industrifonden Life Science is one of the leading venture capital investors in the Nordics, with a focus on pharmaceuticals, medical devices and digital health. Current portfolio companies include Oncopeptides, Calliditas Therapeutics, and AMRA.

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Blackstone Capital Partners Asia closes first fund at approximately $2.3B

Blackstone

June 12, 2018 – Blackstone (NYSE:BX) today announced that it has held its final close on its first Asian private equity fund, Blackstone Capital Partners Asia (“BCP Asia”), reaching its hard cap.  Together with commitments from Blackstone and its affiliates, BCP Asia has approximately $2.3B of capital commitments. This, coupled with associated commitments from Blackstone’s global buyout fund, gives the firm a minimum of $3.8B of equity to invest in Asia.

Joe Baratta, Blackstone’s Global Head of Private Equity, said: “We are thankful for our investors’ support and believe we are well-positioned to seize the ongoing opportunities in Asia. The region continues to experience strong growth compared to other major markets, presenting compelling investment opportunities across sectors.”

About Blackstone Private Equity

With approximately $111 billion of assets under management, Blackstone’s private equity business has been a global leader since 1985. We uncover value by identifying great companies and enhancing their performance by providing strategic capital and outstanding management talent.  We aim to grow stronger enterprises, create jobs, and enable our portfolio companies to build lasting value for our investors, their employees and all stakeholders.

 

Contact:

Blackstone
Christine Anderson
+1 212-583-5182
Christine.Anderson@Blackstone.com

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Bure has acquired shares in Ovzon AB

Bure

The information was publicly communicated on 18 May 2018, 13:00 CET.

Bure Equity AB (publ) (“Bure”) has, in connection with the IPO of Ovzon AB (“Ovzon”), acquired 1,007,568 shares corresponding to 12.0 percent of the total number of shares and votes in the company provided that the Over-allotment option is excercised in full (corresponding to 13.1 percent should the Over-allotment option not be excercised). Ovzon was listed today, 18 May 2018, on Nasdaq First North Premier Stockholm.

Bure Equity AB (publ)

For more information contact:

Henrik Blomquist, CEO
Tel. +46 8 – 614 00 20

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