Following regulatory approvals Investor AB has increased its ownership in EQT AB to 23 percent

Investor

As previously announced by EQT and communicated in Investor AB’s Year-End Report 2018, EQT is reviewing different options to further strengthen its balance sheet and several steps are being taken to simplify EQT AB’s ownership structure.

Investor supports the steps being taken by EQT. As one part of these steps and after having received relevant regulatory approvals, Investor AB has now increased its ownership in EQT AB from 19 percent to approximately 23 percent. Investor AB will continue as a long-term shareholder in EQT AB.

More information on EQT:
As EQT discloses on its website, it has since its inception raised EUR 61 bn. in capital across 29 funds and currently has around EUR 40 bn. in assets under management. In 2018, EQT AB generated roughly EUR 400 m. in revenue on the back of EUR 30 bn. in average assets under management. Following the completion of the simplification of EQT’s ownership structure, EQT AB will receive 100 percent of the management fee from funds. In addition, EQT AB will be entitled to approximately 1/3 of the carried interest in the most recent as well as future funds. EQT AB’s share of carry will be lower in older existing funds. Read more about EQT at www.eqtpartners.com/About-EQT/Fast-facts/.

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Finnvera issued a EUR 1 billion ten year bond

Finnvera

Finnvera Plc Stock Exchange Release 3 April 2019

The date of the issue was 2nd April 2019. The transaction maturing in April 2029 represents Finnvera’s first benchmark bond issue this year.

More than 90 investors participated and the size of the orderbook was in excess of EUR 2.8 billion.

Lead managers for the issue were Credit Agricole CIB, Danske Bank, Deutsche Bank, Nordea and TD Securities.

The bond was issued under Finnvera’s EMTN (Euro Medium Term Note) programme. Bonds issued under the programme are guaranteed by the Republic of Finland and their rating corresponds to the rating assigned to the Republic of Finland for its long-term liabilities. The rating given by Moody’s to Finnvera is Aa1 and that given by Standard & Poor’s is AA+.

Additional information:
Ulla Hagman, CFO, tel. +358 29 460 2458
Jukka-Pekka Holopainen, Head of Treasury, tel. +358 29 460 2838

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EURAZEO partners with CIC and BNP PARIBAS to create a fund dedicated to accelerating the China growth of French and European Companies

Eurazeo

Paris, March 25, 2019 – Eurazeo has announced that it has been selected by CIC (China Investment
Corporation) and BNP Paribas to manage a €1 billion to €1.5 billion fund dedicated to French and
European companies seeking to expand rapidly in China.
The three partners – CIC, BNP Paribas and Eurazeo – will invest significantly in the fund alongside
investment partners.

Eurazeo will be responsible for managing the fund, as well as choosing and managing the investments.
Eurazeo’s selection recognizes the high quality of its investment teams and its strong presence in China,
where it has been located since 2013 and currently has a team of eight professionals.
Virginie Morgon, CEO of Eurazeo, said: “I’m extremely proud that Eurazeo has been selected for this
strategic partnership. Eurazeo’s investment teams are looking forward to contributing their expertise
together with CIC and BNP to help French and European companies to capitalize on opportunities in the
Chinese market.”
***
About Eurazeo
o Eurazeo is a leading global investment company, with a diversified portfolio of €17 billion in assets under management, including
nearly €11 billion from third parties, invested in over 300 companies. With its considerable private equity, venture capital, real estate, private debt and fund of funds expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its 235 professionals and by offering deep sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term.
Eurazeo has offices in Paris, New York, Sao Paulo, Buenos Aires, Shanghai, London, Luxembourg, Frankfurt and Madrid.

o Eurazeo is listed on Euronext Paris.
o ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

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PDI Receives Investment from Insight Venture Partners to Fuel Continued Global Growth

Insight Venture Partners joins Genstar and TA Associates in backing PDI to help expand its global reach and solution portfolio.


ATLANTA, March 20, 2019 – PDI, a leading global provider of enterprise software solutions to the convenience retail, wholesale petroleum and logistics industries, announced today an investment by Insight Venture Partners (Insight) to support the company’s continued global growth. Insight Venture Partners joins Genstar and TA Associates, who will both retain minority stakes in PDI.

Insight is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has invested in more than 300 companies worldwide, working with visionary executives to provide practical, hands-on growth expertise to foster long-term success.

“Insight is an experienced investor with a long-term perspective that will help PDI continue to meet the growing and changing needs of our customers, innovate our software portfolio, and provide world-class global service. We believe the added capital and resources provided by Insight, in addition to the ongoing support and confidence from Genstar and TA Associates, will further the development of our advanced software portfolio and allow for strategic add-on acquisitions that we are confident will meet the needs of a rapidly changing market,” said Jimmy Frangis, CEO, PDI.

“This investment is a strong vote of confidence in PDI’s long-term strategy and future growth potential, and we’re thrilled to welcome the team to our portfolio,” said Deven Parekh, Managing Director, Insight Venture Partners. “PDI’s 35-year heritage of putting customers first and providing leading software solutions, technologies, and services to help them thrive in the digital economy created a strong interest in the company and was an immediate draw for us. We look forward to working with the management team, Genstar and TA Associates to continue strengthening and broadening PDI’s market footprint.”

“Throughout our partnership with PDI’s management team, PDI has successfully executed against its growth strategy through organic initiatives and accretive acquisitions, expanding its software offerings and global reach,” said Eli Weiss, Managing Director, Genstar Capital, and Hythem El-Nazer, Managing Director, TA Associates. “We are pleased to partner with Insight to continue to drive PDI’s growth and unwavering focus on software innovation that will bring a new level of experience to the customers and industries it serves.”

Added, Frangis, “PDI’s customers are truly the cornerstone of our success. This new relationship with Insight supports our objective to be a trusted partner and advisor for our customers, bring together the most innovative and advanced technologies and develop the strongest team with unprecedented industry experience.”

Lazard served as financial advisor and Irell & Manella as lead legal counsel to PDI. Additional terms of the deal were not disclosed.

About PDI

PDI helps convenience retailers and petroleum wholesalers thrive through digital transformation and enterprise software that enables them to grow topline revenue, optimize operations and unify their business across the entire value chain. Over 1,500 customers in more than 200,000 locations worldwide count on our leading ERP, logistics, fuel pricing and marketing cloud solutions to provide insights that increase volume, margin and customer loyalty. For more than 35 years, our comprehensive suite of solutions and unmatched expertise have helped customers reimagine their enterprise and deliver exceptional customer experiences. For more information about PDI, visit www.pdisoftware.com.

About Insight Venture Partners

Insight Venture Partners is a leading global venture capital and private equity firm investing in high- growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight currently has over $20 billion of assets under management and has cumulatively invested in more than 300 companies worldwide. Our mission is to find, fund and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. Across our people and our portfolio, we encourage a culture around a core belief: growth equals opportunity. For more information on Insight and all its investments,

visit www.insightpartners.com.

About Genstar Capital

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for more than 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 manages funds with total capital commitments of approximately $17 billion and targets investments focused on targeted segments of the financial services, software, industrial technology, and healthcare industries.

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.

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ARDIAN INFRASTRUCTURE closes its fifth generation fund at €6.1BN

Ardian

Paris, 20 March 2019. Ardian, a world leading private investment house, today announces it has raised €6.1 billion for its latest infrastructure fund, Ardian Infrastructure Fund V, in less than six months. The Ardian Infrastructure team now has $15 billion assets under management in Europe and the Americas.

In line with its established investment strategy, the latest fund will upgrade and digitize infrastructure assets that are essential for populations across Europe. Areas of focus include transport (rail, road and airports), energy (gas, electricity and renewable energy) and other public infrastructure assets (health and environmental). Ardian Infrastructure will continue to work closely with local public and private stakeholders.

The fund attracted 125 investors from Europe, North America, Asia and the Middle East, comprising major pension funds, insurance companies, financial institutions, HNWIs and sovereign wealth funds, illustrating the attraction of the European infrastructure market.

There was particular growth among US investors as well as from Asia and the Middle East, which is reflective of Ardian’s diversified and international client base and its strong global relationships. Former investors massively re-upped their commitments, while 30% are new to Ardian.

Since the fundraising of Ardian Infrastructure Fund IV, the number of investment professionals has doubled, strengthening Ardian’s ability to grow its portfolio companies with a long-term view. To help guide its industrial investment approach, Ardian has developed a new framework called the “Augmented Infrastructure”, focusing on cutting-edge technology, a client centric approach, improving maintenance and pushing for higher health, safety and environmental measures.

Dominique Senequier, Ardian President, said: “Raising a fund of more than double the size of its predecessor in less than six months bears testament to the quality of the infrastructure team and the regard with which they are held in the market. It underlines Ardian’s focused investment strategy, its asset management capabilities and strong relationships with investors.”

Mathias Burghardt, Member of the Executive Committee and Head of Ardian Infrastructure said: “This fundraise is a proxy for interest from institutional investors to an attractive asset class and a marker of the strong performance of previous generations of Ardian Infrastructure funds. We would like to thank our loyal clients, new international investors and previous generations for their role in this record €6.1 billion fund. The fund will invest in infrastructure assets that are essential for communities, particularly in the transport and energy sectors, delivering long-term value through our disciplined industrial approach.”

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 550 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.

PRESS CONTACTS

HEADLAND
CARL LEIJONHUFVUD
cleijonhufvud@headlandconsultancy.com
Tel: +44 (0)20 3805 4827

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Activa Capital recruits chief financial officer with the arrival of ALEXANDRE CHOLLET

Activa Capital

Activa Capital announces the appointment of Alexandre Chollet as Chief Financial Officer.
Alexandre, 37, will be responsible for coordinating the cross-functional activities of Activa Capital
(Administrative and Financial Department, and Investor Relations in particular).
Until now, Alexandre was Director of Investor Relations at Naxicap Partners (2016-2019).
Alexandre previously was Head of Funds and Portfolio at Qualium Investissement from 2011 to 2016,
a position he held after leaving the Financial Department of iXEN Partners (formerly Natexis Industrie).
Alexandre has 14 years of experience within the finance functions of Private Equity and is a graduate
of ESCP Europe-Novancia.
Christophe Parier and Alexandre Masson, Partners at Activa Capital, declared: « We are delighted to
welcome Alexandre in whom we place all our confidence to successfully fulfill his role as CFO of Activa
Capital. »

About Activa Capital
Activa Capital is a leading French mid-market private equity firm. Activa Capital manages over €500m
of private equity funds on behalf of a wide range of institutional investors. Activa Capital partners with
ambitious mid-sized French companies, valued at €20m to €200m, seeking to accelerate their growth
and their international footprint.
Learn more about Activa Capital at activacapital.com

Press contacts
Alexandre Masson Christophe Parier Christelle Piatto
Partner Partner Communications Manager
+33 1 43 12 50 12 +33 1 43 12 50 12 +33 1 43 12 50 12
alexandre.masson@activacapital.com christophe.parier@activacapital.com christelle.piatto@activacapital.com

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IK Investment Partners opens Copenhagen office

ik-investment-partners

IK Investment Partners (“IK”), a leading Pan-European private equity firm with Nordic roots, announces the opening of a new office in Copenhagen, as part of its ongoing commitment to investing in the Nordic region.

The Copenhagen office will be led by Partner Thomas Klitbo, who has been with IK since 2007. Thomas will be supported by the existing Danish/Norwegian Mid Cap team consisting of a total of six investment professionals, as well as a local extension of IK’s Small Cap team.

Thomas Klitbo, Partner at IK Investment Partners said:

“We are thrilled to be opening a Copenhagen office. It is part of IK’s efforts to establish local presence in the geographies which we invest in. We truly believe that our local networks and knowledge combined with international capabilities differentiates IK from other private equity firms”.

IK is organised into regional teams focused on investments in the Benelux, DACH, France and Nordic regions. These teams operate from local offices in Amsterdam, Hamburg, Paris, Stockholm and now Copenhagen.

Christopher Masek, Partner and CEO at IK Investment Partners said:

“Ever since IK’s inception 30 years ago, our strategy has remained the same: making a positive difference to the companies we support whilst creating value for our investors. Growing our regional presence is central to our strategy and we value the local expertise and insights of our investment teams.”

For further questions, please contact:

IK Investment Partners
Thomas Klitbo
Partner
Phone: +44 207 304 4300

Mikaela Murekian
Director Communications & ESG
Phone: +44 77 87 573 566
mikaela.hedborg@ikinvest.com

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 €10 billion of capital and invested in over 125 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com


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Tesi in 2018: Strong performance and new initiatives to boost sustainable growth

Tesi

INVESTMENTS IN COMPANIES, INVESTMENTS IN FUNDS, IMPACT – 13.3.2019

In 2018, Tesi made new investments of €121m to accelerate the growth and internationalisation of Finnish companies. The aggregated net sales of direct portfolio companies grew on average by 19% during the financial year. Exits reached record levels in 2018, especially in the case of venture capital investments. Tesi’s social impact is manifested in the growth of portfolio companies and is exerted by promoting the development of Finland’s investment industry and enhancing skilled ownership. Another objective, alongside boosting companies’ growth, is to internationalise the Finnish venture capital and private equity market though investments made in funds as well as via direct minority investments.

CEO Jan Sasse:

“Investment volumes were very high in 2018: we gave a total of €59m in new investment commitments to eight funds and €37m via the FoF Growth III fund co-managed by Tesi and Finnish pension & insurance companies. We also made direct investments in companies totalling €62m, of which €52m were first-round investments. Tesi’s international partners invested altogether €123m in Finnish growth companies. As well as providing capital, they also brought access to valuable international business expertise and essential networks.

Our investment year was excellent, in terms of exits from both our Finnish and international funds. One outstanding example of this was Creandum’s exit from Spotify, which listed on the New York stock exchange. The year was also profitable, following the trend of previous years, although the growing uncertainty prevailing in the world economy towards year’s end kept net profit at €55m.

As a state-owned VC/PE investor, we constantly evaluate our role in the market. In doing so, we contemplate new strategic objectives and the fate of existing entities. As a new operational format, we started anchor investing to support growth companies for which an IPO is the best option, but whose size or sector makes an IPO challenging. On another front, a co-investment programme we will conduct with the European Investment Bank, hand-in-hand with private investors, will channel €100m of equity financing to promote the growth of innovative SMEs and mid-cap companies.

Tesi’s investment programmes focus on growth and the renewal of economic structures. At the end of the year, we launched a €75m Circular Economy investment programme. Its objective is to boost the growth and internationalisation of existing companies and encourage the creation of new funds investing in the circular economy.

Business environment

Finland’s economy continued to grow in 2018. The partially conflicting forecasts for the global economy during the last quarter and the uncertainty about the future they caused were reflected, of course, in market sentiments.

Finnish growth companies again reached new records in raising venture capital. The total sum raised was over €350m, with most of the financing rounds exceeding €10m in size.

Finnish buyout funds in the SME sector investing in companies in a later stage of development again saw abundant capital seeking new investees. A large part of these funds’ investment capacity had a crucial focus for Finland’s business structure – the growth and internationalisation of medium-sized companies, an increase in their numbers, and buyouts. This corporate segment has also seen increasing demand for minority investments.

Investment operations

Tesi made new investments in companies and gave investment commitments to venture capital and private equity funds amounting to €121m (€149m). Investment commitments totalling €59m (€60m) were made to eight VC/PE equity funds. Five commitments were to venture capital funds and three commitments to growth and buyout funds. Direct investments amounting to €62m (€29m) were made in altogether 26 companies.

Overall, almost €250m in new risk capital was channelled into portfolio companies, representing over four times the amount invested by Tesi. Of this capital, some €61m came from international investors.

The €75m Circular Economy investment programme was launched at the end of 2018. A direct investment in Uusioaines Oy and a fund investment in Environmental Technologies Fund III were made from the programme.

Financial performance

Tesi once again performed strongly in 2018, despite the growing uncertainty in the global economy towards the end of the year. Realised net gains from venture capital and private equity investments largely contributed to the healthy profit.

Net gains from venture capital and private investments amounted to €90m (€69m), comprising net gains from funds €72m (€53m) and net gains from direct investments €18m (€15m). The increase in net gains was largely due to numerous successful exits from portfolio companies and a general rise in valuation levels. Net gains from direct investments derived from the seven exits effected during the year. Net losses (gains) from financial securities were -€14m (+€18m), largely due to a globally difficult last quarter for both shares and interest-bearing instruments. Operating profit amounted to €68m (€80m), and profit after taxes for the financial year was €55m (€66m).

The balance sheet total at the end of 2018 was €1,031m (€1,020m) and the company’s equity amounted to €999m (€978m). The carrying value of venture capital and private equity funds at the end of 2018 was €371m (€372m) and the carrying value of direct investments €235m (€189m).

The total amount of VC/PE investments under management at the end of 2018 was €1.2 billion. This includes the capital of the FoF Growth I, FoF Growth II and FoF Growth III funds that Tesi manages, in addition to Tesi’s own commitments and investments.

The cumulative amount with which the Finnish government has capitalised Tesi from the very start of its operations is €655m. The Company’s cumulative profit from operations, including the figure for the 2018 financial year, amounted to €341m. In addition to this, Tesi has generated altogether €163m for the Finnish state in corporation tax and dividends.

Events after the financial year

In early 2019, Tesi gave an investment commitment to a Finnish growth fund (more details to be published later) and also participated in LeadDesk’s successful listing on Helsinki’s First North exchange.

Prospects

In 2018, Tesi initiated a process for updating its strategy, which will be put into practice in spring 2019. The strategic objective is twofold: to identify those market areas in which Tesi is most needed; and to develop Tesi’s means for accelerating companies’ growth and internationalisation most efficiently and with maximum social impact. As a developer of the VC/PE market, Tesi plays a role that serves and supplements the market, and we can fulfil that role by, for instance, producing market data that can be usefully exploited. Tesi also acts at a social level: investments and ownership produce a beneficial social impact as well as being profitable.

Tesi wants to broaden the Finnish and international investor base operating in Finland’s market. This will provide funds with more private capital allowing them, as a result of larger capital sums, to finance their portfolio companies for longer. A number of new Finnish VC/PE investment companies are in the process of fund-raising, and projects arising from this are expected to emerge during 2019.

Minority investment operations will continue along the lines of previous years: in promising SMEs to supplement the market’s existing financing options; and in industrial investments. The Circular Economy will remain a key investment programme.

Tesi will continue to cooperate closely with the European Investment Fund and the European Investment Bank in channelling EU funds into Finnish venture capital funds and growth companies, in collaboration with private investors.

As we enter a new financial year, Tesi has strong resources for long-term investment operations that promote the growth of Finnish companies.

Decisions of the Annual General Meeting

The Annual General Meeting was held on 8 March 2019. Kimmo Jyllilä was elected Chairman of Tesi’s Board of Directors. Marika af Enehjelm, Pauli Kariniemi, Mika Niemelä, Annamarja Paloheimo and Riitta Tiuraniemi will continue as members of the Board of Directors. Jyrki Mäki-Kala was elected as a new member of the Board of Directors.

For further information, please contact:

Board Chairman Kimmo Jyllilä, tel. +358 (0)40 502 5105
CEO Jan Sasse, tel. +358 (0)40 861 9151
Interim CFO Gösta Holmqvist, tel. +358 (0)40 570 6508

Tesi (Finnish Industry Investment Ltd) is a venture capital and private equity company that invests profitably and responsibly, creating value from day one. Our investments under management total 1.2 billion euros and we have over 700 companies in portfolio, either directly or through funds. We help Finland to the next level of growth and internationalisation. Follow our success stories: www.tesi.fi / dtg.tesi.fi and @TesiFII.

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EQT closes fourth Infrastructure fund at EUR 9 billion – strengthens position as a leading global infrastructure investor

eqt

  • EQT Infrastructure IV holds first and final close at EUR 9 billion hard cap after six months of fundraising
  • Strong investor support for EQT’s industrial approach to infrastructure investing
  • EQT Infrastructure IV has made two investments to date; Saur in France and Osmose Utilities Services in the US

EQT today announced that EQT Infrastructure IV (the “Fund”) held its first and final close at its hard cap of EUR 9 billion on March 12, 2019, after officially launching in September 2018. Demand from both existing and new investors was strong, with a majority of the commitments made by investors in the predecessor fund, EQT Infrastructure III, which closed at its EUR 4 billion hard cap in February 2017.

EQT Infrastructure IV will continue to follow the industrial approach to infrastructure investing that has been successfully applied by EQT Infrastructure since its inception in 2008. The Fund will invest in high-quality companies with infrastructure characteristics and strong value creation potential. EQT Infrastructure will leverage its global platform, proven governance model and growth-focused approach to drive performance. The Fund will be supported by a dedicated investment advisory team and EQT’s extensive network of Industrial Advisors.

EQT Infrastructure IV will primarily pursue investment opportunities in Europe and North America and may opportunistically explore opportunities in Asia Pacific. The Fund has made two investments to date: Saur, a leading French drinking and waste water management company, and Osmose Utilities Services, a leading provider of critical inspection, maintenance and restoration services for utility and telecom infrastructure in the US.

Lennart Blecher, Deputy Managing Partner at EQT Partners (acting as exclusive investments advisors to the Fund), and Head of EQT Real Assets, commented: “EQT Infrastructure has a great track record of delivering attractive, risk-adjusted returns to investors since the inception of the EQT Infrastructure platform more than 10 years ago. The successful fundraising of EQT Infrastructure IV confirms investors’ trust in EQT and illustrates the continued demand for infrastructure investments in the Fund’s core regions.”

Christian Sinding, CEO and Managing Partner of EQT Partners, added: “EQT Infrastructure IV marks another important milestone for EQT and manifests our position as a truly leading global investment firm. We are glad to welcome more than 40 new investors to EQT and excited about their trust in our responsible and growth-focused approach to investing.”

The fundraising was led by the in-house Investor Relations team within EQT Partners. Jussi Saarinen, Partner and Head of Investor Relations, said: “We are pleased with the strong support demonstrated by existing and new investors and are very pleased with the high quality of the Fund’s investor base.”

EQT Infrastructure IV is backed by a global blue-chip investor base consisting of, among others, pension funds, insurance companies, sovereign wealth funds, financial institutions, endowments, foundations and family offices. With the closing of the Fund, EQT has approximately EUR 14 billion in infrastructure assets under management.

Contact
Lennart Blecher, Deputy Managing Partner at EQT Partners and Head of EQT Real Assets +41 44 266 68 00
EQT Press Office, press@eqtpartners.com +46 8 506 55 334

About EQT
EQT is a leading investment firm with more than EUR 61 billion in raised capital across 29 funds and around EUR 40 billion in assets under management. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. 

More info: www.eqtpartners.com

About EQT Infrastructure IV
EQT Infrastructure IV is a EUR 9 billion fund that will seek to continue its historically successful strategy of investing in strong-performing infrastructure companies with the potential for significant value creation in sectors with suitable infrastructure characteristics and favorable market trends. The Fund will make primarily equity or equity related investments typically ranging between EUR 100 million and EUR 600 million where the Fund will either hold control or co-control positions or otherwise be capable of exercising a significant influence. The Fund will continue to invest in the core geographies of Europe and North America and may opportunistically explore opportunities in Asia Pacific. The Fund will primarily focus on making investments in the energy, transport & logistics, telecom, environmental and social infrastructure sectors.

The fundraising for EQT Infrastructure IV has now closed. Accordingly, the foregoing should in no way be treated as any form of offer or solicitation to subscribe for or make any commitments for or in respect of any securities or other interests or to engage in any other transaction.

This press release is translated into multiple languages for information purposes only. In case of a discrepancy, this version shall prevail.

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KKR and Tivoli Capital to Develop New Co-Working Locations in France

KKR

France, 12 March 2019: KKR, a leading global investment firm, and Tivoli Capital, a specialist in real estate development in France and the creator of the iLOV’iT Worklabs co-working space, have signed an agreement for the development of a new generation of office buildings in France’s largest cities.

The co-working market in France is developing rapidly. The concept, launched in the United States over 15 years ago and now fully developed in London, Amsterdam, Frankfurt and Madrid, grew by 80% between 2016 and 2017 in France, according to JLL’s 2018 global market report. Entrepreneurialism is growing in France, driven by increases in project-based work, working remotely and the importance of work-life balance.

The new developments build on the success of iLOV’iT, the largest co-working center in Marseille, with a surface area of almost 3,700m2, private offices, shared spaces and meeting rooms with well-being services. Tivoli Capital aims to develop its platform in this market, following the agreement with KKR. The new generation of offices will focus on having a welcoming working environment and offering various services adapted to the needs of residents. It will offer an alternative solution to entrepreneurs who want flexible, ready-to-use offices without long-term commitment.

Guillaume Pellegrin, Founder of Tivoli Capital, said “From the beginning, we wanted to develop our presence in France. We are pleased to have signed an agreement with KKR, who will support us in all areas of our development. Our goal is to transform the market, putting human beings at the heart of our project to be able to offer the ideal workspace in the 2020s for entrepreneurs and companies, regardless of their size, in all major French cities.”

Mai-Lan de Marcilly, Director at KKR in the European Real Estate team, said “Guillaume and his team have real expertise in the acquisition and development of innovative real estate projects within France, with a unique approach to improving quality of life at work. With this agreement, our aim is to become a leader in the French professional co-working space.”

KKR’s investment was made through its Real Estate Partners Europe fund.

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 partners 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. Inc. (NYSE:KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About Tivoli Capital

Created by Guillaume Pellegrin in Marseille, TIVOLI CAPITAL offers a wide range of real estate and financial services for investors wishing to diversify into regional markets. With a recognized know-how, the company has valued more than 250,000 m2 since its origin, and managed nearly 500 million euros of real estate assets for the Caisse des Dépôts, CEPAC, Carlyle, COVIVIO, and Primonial. Tivoli also managed the property and the financial director of The Camp, the first European campus dedicated to emerging technologies and the city of tomorrow. More information on www.tivoli-capital.com.

Media contacts for KKR:

France
Adding Value Conseils
Olivier Blain: ob@addingvalueconseils.com / + 33 6 72 28 29 20
Florence Taieb: ft@addingvalueconseils.com / +33 6 71 90 40 57

UK & International
Alastair Elwen, Finsbury
Email: alastair.elwen@finsbury.com
Phone: +44(0)20 7251 3801

Media contacts for Tivoli Capital:
Eve Leporq
Tel: +33 6 62 46 84 82
Email: eve@votredircom.fr

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