Mentha sells Paradigma Group to Castik Capital

Mentha Capital

Mentha is selling its majority stake in paraDIGMA group to Castik Capital. paraDIGMA group, active in the field of employee health & wellbeing, has grown considerably in recent years in collaboration with Mentha, founder Rudo Vissers and the wider management team. Now the group will be owned by Castik Capital and will take the next step in the strategy and growth plan, under the leadership of the current management.

Through various companies, paraDIGMA group focuses on sustainable employability within organisations, by offering curative and preventive services aimed at the health, well-being, and job satisfaction of employees. The largest division of the group, De Arbodienst, adopts a progressive approach aiming towards prevention. The focus is on creating a healthy organizational culture and working on personal leadership with the objective to actively reduce absenteeism. In addition, it offers related services such as vitality policy, reintegration issues, psychological or physical guidance and training and development. All with the common goal: improved health, more job satisfaction and enthusiasm and less absenteeism in the Dutch working population.

The collaboration with Mentha started in 2020 and resulted in a professionalization and growth surge for the organization. The number of employees has quadrupled, and national coverage has been achieved through an office network with nine locations spread across the Netherlands. In addition to strong growth through expansion of the organization and attracting new customers, various acquisitions have expanded the service offering of the paraDIGMA group. Now is the time to look ahead to the next phase, including exploring opportunities abroad.

Barend Rutten of Mentha comments: “It was a great pleasure to work together with Rudo Vissers, Peter Kruissen, the wider management team and all the talented employees. We have worked extremely hard over the past four years to build the organization into what it is today: a sizable, unique player in the Netherlands. We now confidently transfer the organization to Castik Capital, the right partner for paraDIGMA group. We wish Castik and paraDIGMA group all the best for the future.”

Peter Kruissen, CEO paraDIGMA group adds: “Together with Mentha, we have grown rapidly in the past few years and taken significant steps in professionalisation. Now it is time for the next phasestep. I am confident that we will achieve this together with Castik Capital.”

The sale is subject to approval from the Dutch Healthcare Authority (NZa) and the Dutch Authority for Consumers and Markets (ACM).

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ASSA ABLOY acquires Nomadix and Global Reach in the USA and UK

Melker Schorling
ASSA ABLOY has signed an agreement to acquire Nomadix and Global Reach, leading US and UK based providers of Wi-Fi access and engagement platform solutions for the hospitality and commercial real estate industry. The companies offer a comprehensive tech platform of hardware, software and analytics tools to securely connect and engage with customers and devices via Wi-Fi networks.

“I am very pleased to welcome Nomadix and Global Reach into the ASSA ABLOY Group. This acquisition is an exciting technological addition to the ASSA ABLOY Group and will reinforce our current offering within the hospitality business, and provide complementary growth opportunities,” says Nico Delvaux, President and CEO of ASSA ABLOY.

“Nomadix and Global Reach are excellent additions to Global Solutions and will with their strong technical expertise expand our portfolio and end-to-end offering for our hospitality business and adjacent verticals. I look forward to working with the experienced teams to continue the successful journey,” says Stephanie Ordan, Executive Vice President and Head of Global Technologies business unit Global Solutions.

Nomadix and Global Reach were founded in 1998 and have some 120 employees. The main offices are located in Los Angeles and London. Nomadix and Global Reach operate as two separate entities under a central top management and ownership, and will be part of Global Solutions business area Hospitality.

Sales for 2023 amounted to about MUSD 30 (approx. MSEK 300) with a strong EBIT margin. The acquisition will be accretive to EPS from the start.

The acquisition is subject to customary closing conditions and is expected to close during the second quarter of 2024.

 

For more information, please contact:

Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68, e-mail: bjorn.tibell@assaabloy.com

About ASSA ABLOY

The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 61,000 employees and sales of SEK 141 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY’s innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world.

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Onex Partners to Invest in Morson Group

Onex

Onex Corporation (“Onex”) (TSX: ONEX) today announced that Onex Partners V has completed a majority investment in Morson Group (“Morson” or the “Company”), a leading UK engineering and technical staffing and workforce solutions business, with growing operations in the UK, U.S., Italy, Canada and Australia. The investment has been made alongside the founding family CEO Ged Mason and members of the management team. Financial terms were not disclosed.

Headquartered in Manchester, United Kingdom, Morson Group provides services including: (i) contingent workforce solutions, relating to the placement of engineering, IT and technical contractors with customers, (ii) permanent recruitment and recruitment process outsourcing (RPO), (iii) related planning workforce support management and training, and (iv) engineering consultancy and design services. With a history stretching back over 55 years, the Company employs more than 1,500 people in over 60 locations, with a vision to create a better, more innovative world through inspiring, supporting, reskilling, and nurturing talent. Morson deploys specialist recruitment and engineering expertise on STEM skills in its focus sectors of aerospace, defence, IT and technology, rail, marine, nuclear, multi-disciplined engineering, professional services, construction, and manufacturing.

“Morson’s ability to deploy unique sector knowledge and innovative solutions to its clients in highly resilient sectors of the economy is unique. We are attracted by its growth profile, corporate culture and multiple opportunities for value creation going forward. Most importantly, we are delighted to be partnering with Ged Mason and the management team, to continue building on what they have accomplished,” said Nigel Wright, Co-Head of Onex Partners. Adrien Faure, a Managing Director of Onex Partners, added “Morson is an excellent business and a leader with pedigree in its core markets. The investment aligns with our theme of investing in businesses that help to solve the need for technical and specialist skills alongside the best management teams. It builds on our track record in the broader human capital management sector.”

Ged Mason, who will continue as CEO of Morson Group, said “We have found a true partner in Onex, and a team whose values are aligned with ours. Onex shares our vision. It has an impressive track record of helping companies to grow and we are confident about the contribution our new partner will make to achieving our goals.”

About Onex

Onex is an investor and asset manager that invests capital on behalf of Onex shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Onex’ two primary businesses are Private Equity and Credit. In Private Equity, we raise funds from third-party investors, or limited partners, and invest them, along with Onex’ own investing capital, through the funds of our private equity platforms, Onex Partners and ONCAP. Similarly, in Credit, we raise and invest capital across several private credit, public credit, and public equity strategies. Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, insurance companies and family offices. In total, Onex has US$49.7 billion in assets under management, of which US$8.1 billion is Onex’ own investing capital. With offices in Toronto, New York, New Jersey, Boston and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.

Onex is listed on the Toronto Stock Exchange under the symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedarplus.ca.

About Morson Group

Morson Group is a leading provider of complete talent solutions, offering services across contingent workforce, design consultancy, and permanent recruitment through a variety of delivery models. The Company’s proprietary technology underpins managed service provider (MSP) and recruitment process outsourcing (RPO) offerings alongside other service models. Morson employs over 1,500 people in more than 60 locations in the UK, Australia, the United States, and Canada. With revenues in excess of £1.3 billion, Morson is ranked by SIA as the world’s third largest engineering and technical staffing business.

Disclaimers

This press release may contain, without limitation, statements concerning possible or assumed future operations, performance or results preceded by, followed by or that include words such as “believes”, “expects”, “potential”, “anticipates”, “estimates”, “intends”, “plans” and words of similar connotation, which would constitute forward-looking statements. Forward-looking statements are not guarantees. The reader should not place undue reliance on forward-looking statements and information because they involve significant and diverse risks and uncertainties that may cause actual operations, performance, or results to be materially different from those indicated in these forward-looking statements. Except as may be required by Canadian securities law, Onex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or other factors. These cautionary statements expressly qualify all forward-looking statements in this press release.

For Further Information:

Onex

Jill Homenuk

Managing Director – Shareholder Relations and Communications

JHomenuk@onex.com

+1 416.362.7711

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Portobello closes the sale of Grupo CTC to Randstad

Portobello

Transaction signed in June, antitrust clearance achieved
Madrid, 25th October 2023.- Today Portobello Capital, the leading independent midmarket private equity manager based in Spain, announced it has closed the sale of
Grupo CTC to Randstad NV, the world’s largest talent company.

Grupo CTC provides outsourced industrial, logistics and sales & marketing services to
customers in its home market of Spain and in Portugal. The company currently operates
from 14 regional offices and 11 owned logistics facilities, servicing over 200 customers.
Demand for outsourcing services is growing significantly in Spain and, with the proposed
acquisition, Randstad will continue to expand its leadership presence in the region. The
move is in keeping with Randstad’s broader strategic objective of strengthening its
capabilities in value added services for customers in key markets.

“We are investors in the different companies which are now part of CTC since 2006.
During this period, CTC has become the absolute leader in the outsourcing market, and
we want to compliment Juan-Cruz Alcalde and the rest of the management team for
growing this organization to date. We are absolutely convinced that as part of Randstad,
Grupo CTC will continue to accelerate and deliver excellence to its customers in Spain
and Portugal.”

— Luis Peñarrocha, Founding Partner of Portobello
The transaction was signed in July and completion was subject to antitrust clearance,
which was achieved on October 11th.

about randstad
Randstad is the world’s largest talent company and a partner of choice to clients. We are committed to
providing equitable opportunities to people from all backgrounds and help them remain relevant in the rapidly
changing world of work. We have a deep understanding of the labor market and help our clients to create
the high-quality, diverse and agile workforces they need to succeed. Our 46,000 employees around the
world make a positive impact on society by helping people to realize their true potential throughout their
working life.

Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. In 2022, in our 39 markets,
we helped more than 2 million people find a job that feels good and advised over 230,000 clients on their
talent needs. We generated revenue of €27.6 billion. Randstad N.V. is listed on the Euronext Amsterdam.
For more information, see www.randstad.com

about Grupo CTC
Grupo CTC was created through the complementary integration of two leading companies in the outsourcing
industry, Stock Uno, specialized in operational marketing, and CTC Externalización, leader in logistic and
industrial processes. Grupo CTC renders a wide range of high value-add services to customers enhancing
productivity, flexibility, focus on core tasks and capital management. Headquartered in both Madrid and

PORTOBELLO CAPITAL GESTIÓN SGEIC, S.A
ALMAGRO, 36 – 28010 MADRID NIF: A-86262375
Inscrita en el Registro de la Comisión Nacional del Mercado de Valores, nº 92
y en el Registro Mercantil de Madrid, tomo 29.064, folio 80, sección 8ª, hoja M-523.318
Barcelona, Grupo CTC counts with a rich 35 year history in the market, possessing significant capillarity
across 14 branch offices in Spain and Portugal. For more information, please refer to the Grupo CTC website
at www.grupoctc.com/

about Portobello Capital
Founded in 2010, Portobello Capital is a leading independent mid-market private equity manager based in
Spain and operating across Southern Europe. Portobello Capital has assets under management worth more
than 2 billion euros, an experienced team of 40 professionals and a current portfolio of 22 companies. For
more information, please refer to the Portobello Capital website at www.portobellocapital.es/en/

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Ardian announces the sale of its stake in Mobius Group to Groupe Saretec

Ardian

Ardian, a world-leading private investment house, announces that it has sold its stake in Mobius Group, a tech-enabled mobility and fleet management operator headquartered in Madrid, Spain.

Founded in 2014 by José Piñera, Mobius is a pioneer fleet management, car repair, appraisals, and mechanical warranties player. The company leverages a set of proprietary technological solutions to help customers to digitalize their processes.

With more than €40 million in sales, Mobius is the leading Iberian platform for fleet managers assisting top tier renting and rent-a-car international players as well as major Spanish financial institutions and insurance companies.

Since the Ardian’s Growth team took a stake in the company in 2018, Mobius has more than doubled its revenues and completed 4 acquisitions enabling the company to both diversify its product offering and enlarge the customer base. Mobius has also strengthened its technological expertise by investing in and commercializing new software tools.

“The Ardian’s Growth team has supported us in our development both in terms of new product deployment and build-up plan. Since their investment, they helped us challenge our strategy to scale the company and strengthen our technological positioning. “ José Piñera, Founder and CEO of Mobius Group

“Congratulations to José and the whole Mobius team. It has been very exciting to work alongside them in these years.  Mobius is a great example of Ardian growth’s playbook: identify the leading companies in Europe and help them accelerate the growth via product and geographical expansion as well as build-up strategy.“ Romain Chiudini, Managing Director Growth, Ardian

PARTICIPANTS

  • MOBIUS

    • MOBIUS: JOSÉ PIÑERA, FERNANDO PÉREZ GRANERO
    • M&A ADVISOR: ARCANO
    • LEGAL ADVISOR: GOMÉZ-ACEBO & POMBO ABOGADOS
  • ARDIAN

    • ARDIAN: ROMAIN CHIUDINI, NICCOLÒ SALIGARI
    • LEGAL ADVISOR: MCDERMOTT, WILL & EMERY (DIANA HUND)

ABOUT ARDIAN

Ardian is a world-leading private investment house, managing or advising $150bn of assets on behalf of more than 1,470 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 16 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ABOUT MOBIUS

Founded in 2014 by José Piñera and headquartered in Madrid, Mobius is the leading Iberian player in the supervision of maintenance, repair and appraisal services for fleet managers.
With more than 250 experts and a large network of garages across Spain, the company offers an end-to-end platform allowing process digitalization, data management and cost optimization.

PRESS CONTACT

ARDIAN

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Projective Group grows its team to over 1100 financial industry experts and further strengthens its service offering with the acquisition of Finance Club

GIMV
  • Projective Group’s team grows to over 1100 financial industry specialists, positioning the company as a leading, end-to-end consultancy firm for financial services in Europe.
  • Complementary with Talent service offering of Projective Group and other offerings in Data, Transformation, Risk & Compliance, and Payments.
  • Latest acquisition aligns with Projective Group’s core DNA and is the latest milestone of the buy-and-build strategy of the group.

1 September 2023, Brussels – In a significant move, financial services consulting company Projective Group has successfully acquired Finance Club, a respected Dutch Staffing & Talent organisation. This strategic acquisition catapults Projective Group’s team to an impressive count of over 1100 financial industry experts across Europe, affirming its unparalleled stronghold in the region’s financial services sector.
Founded in 2015 by Stijn van den Borne and Michiel Van Brussel, Finance Club is a young organisation driven by the ambition to become the best-in-class Staffing & Talent provider to the Dutch financial industry. Their expertise encompasses various domains such as Compliance (KYC & AML), Finance, Banking, Risk & Audit, PMO, and Data & Analytics. In a period of less than 8 years, the company has evolved to a team of 400+ professionals that are deployed at the tier 1 banks in the Netherlands.

Stefan Dierckx, CEO Projective Group said: “The addition of Finance Club to our group, signifies a strategic move towards our mission of becoming the premier partner for financial institutions across Europe. In addition to their expertise, they bring along a team of 400 specialists, augmenting our team to over 1100 professionals, all possessing a unique expertise in the financial industry. This level of expertise sets us apart and is nearly unmatched in the field.”

“From our initial discussions, it became clear that there was a strong synergy between our clients and expertise. This presented us with a chance to enhance the value we provide to our clients and create new paths for growth and opportunities both for Finance Club and Projective Group employees. This merger into the group embodies the idea, in every sense, that the whole is indeed greater than the sum of its parts.”Stijn van den Borne, co-founder Finance Club.

Finance Club’s services seamlessly complement Projective Group’s existing Talent offering (Exellys) which is currently offered in Belgium, The Netherlands, and The United Kingdom. Furthermore, by blending Finance Club’s strengths in Staffing & Talent with Projective Group’s Talent and in-depth consulting expertise, they will be able to take on more responsibility, serve their clients even more effectively and generate durable outcomes as a complete solutions provider.

Michiel van Brussel, co-founder of Finance Club said: “We were ready for the next step in our journey, searching for an exciting new challenge that would
propel us forward not only within Dutch borders but also on an international scale. When Projective Group approached us, it was immediately evident that our offering, culture, aspirations, and outlook for the future were closely aligned. We’re very excited for what lies ahead.”

Through this recent acquisition, Projective Group solidifies its position as a driving force for change and excellence in the financial industry. This development also foreshadows further impactful initiatives on the horizon.

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Balance Point Announces its Follow-On Investment in Concord Servicing

Balance Point Capital
Westport, CT, August 30, 2023 – Balance Point Capital Advisors, LLC (“Balance Point”), in conjunction with its affiliated fund, Balance Point Capital Partners V, L.P., is pleased to announce its follow-on investment in Concord Servicing Corporation (“Concord”, “the Company”), a portfolio company of Inverness Graham Investments (“IGI”). Balance Point provided a creative, flexible financing solution that facilitated Concord’s acquisition of Equiant.
Founded in 1988 and headquartered in Scottsdale, AZ, Concord is a full-scope loan servicer delivering innovative, flexible, and scalable portfolio servicing and SaaS solutions to meet the demands of loan originators and capital providers across multiple asset classes including home improvement, solar, energy efficiency, and vacation ownership.
Based in Chandler, Arizona, Equiant is a loan servicer in the vacation ownership market with a $1.5 billion loan portfolio including more than 175,000 individual consumer loans. Equiant offers software solutions and servicing expertise for loan account receivables, billing, collateral document management, backup servicing, securitizations, debt recovery and disaster recovery.
“Balance Point is excited to continue its partnership with IGI and the Company.  Both Concord and Equiant are established industry leaders, and the combined platform will benefit from increased scale and operational synergy,” said Balance Point Partner Adam Sauerteig.
Jason Alexander, CEO of Concord, said “Balance Point’s understanding and support of our business have been essential as we have continued to pursue our growth objectives, and their creative capital structuring was instrumental to completing this transaction. We are very pleased to continue our partnership with Balance Point.”
About Balance Point
Balance Point is an alternative investment manager focused on the lower middle market. With approximately $2.1 billion in total capital commitments, Balance Point invests debt and equity capital in select lower middle market companies across a variety of investment vehicles. Balance Point takes a long-term, partnership approach to investing and is committed to building lasting relationships with its partners, management teams and intermediaries.
Balance Point is a registered investment advisor. Further information is available at www.balancepointcapital.com.

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Nordic Capital-backed Max Matthiessen acquires two companies – and expands to Denmark

Nordic Capital

Max Matthiessen continues to future-proof its business as it expands its footprint outside of Sweden. With the acquisitions of the two Danish companies, PensionsSelskabet and StockRate Asset Management, Max Matthiessen will have a significant presence on the Danish market.

“We’ve ambitious growth targets and are in the process of taking Max Matthiessen to the next level. With us, the customer is always at the centre. The entry into the Danish market is very positive. For future growth, the ambition is to establish a presence in Denmark both organically and through acquisitions,” said Jacob Schlawitz, CEO at Max Matthiessen.

PensionsSelskabet pension & health care services has an attractive business model, based on solid partnerships, and has demonstrated a solid track-record of growth and expansion. Its business strategy focuses on ensuring high quality and putting customers’ best interest first.

PensionsSelskabet and its employees look forward to joining Max Matthiessen, as it expands its Life & Pension offering and footprint in Denmark. The acquisition will widen the selection of products and services accessible to customers in Denmark.

“It’s very promising that this is becoming a reality, and we’re all looking forward to joining. With Max Matthiessen’s strength and experience, we can improve and develop our services and range of innovative products in Denmark,” said Stig Wetterstrom, CEO at PensionsSelskabet.

Max Matthiessen also acquires StockRate Asset Management, a leading provider of personal wealth management services, and by that increases its market shares within the segment. With the ambition to expand further internationally, the StockRate acquisition is a perfect match. It brings a presence on the Danish market and is an excellent addition to Max Matthiessen’s product assortment. Furthermore, it will give StockRate employees the opportunity to benefit from Max Matthiessen’s established collaborations and access to Max Matthiessen Group’s business solutions.

The strengthened investment solutions will be beneficial for the customers. StockRate has a solid business model based on flourishing partnerships and a very strong Private Banking branch.

“StockRate is a customer-oriented organisation where the customers’ needs, wishes and satisfaction are at the centre of our decision-making, strategies, and activities. We always strive to create value to our customers through customised products, attentive customer service and continuous improvement in our performance. With Max Matthiessen, we’ll be stronger and able to offer additional investment solutions that earlier haven’t been available in Denmark,” said Kristian Kjer, Administrative Director at StockRate Asset Management.

 

Press contact:
Hanna Ericsson
Press Officer, Max Matthiessen
Tel: +46 73 463 66 31
e-mail: hanna.ericsson@maxm.se

About PensionsSelskabet pension & health care services
PensionsSelskabet mediates pension- and healthcare systems for companies, entrepreneurs, and individuals, as well as advises on everything from the composition of the company’s pension system to an individual employee’s own solution. The company has more than 25,000 customers, 35 passionate pension specialists and offices in Aalborg, Aarhus, Esbjerg, Herning, Sonderborg, Odense and Copenhagen. The company offers both traditional and innovative pension solutions for companies and their employees.

About StockRate Asset Management
StockRate aims to have a positive impact on the investment industry and to be a responsible and decent asset manager for its clients. It puts the customer at the centre and prioritises personal and independent advice based on its customers’ financial wishes and individual situation. StockRate has extensive expertise in the areas of global equities, bonds, rental housing and alternative and sustainable investing. The company manages more than DKK 8 bn for Danish private professional investors. StockRate strives to deliver value to clients through personal, transparent, and independent advice that makes a real difference.

About Max Matthiessen
Max Matthiessen, founded in 1889, is a leading Swedish advisor within pensions, insurance and investment, offering advice, analysis, administration and procurement of pension and insurance solutions to employers, entrepreneurs and individual customers. The Company also offers advice within savings, investment advisory and asset management. Max Matthiessen has 560 employees at 36 locations throughout Sweden. In 2022, revenues were EUR 190 m. For further information, please see https://www.maxm.se/

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ToxStrategies Acquires Modality Solutions

Renovus

August 8, 2023 – PHILADELPHIA – ToxStrategies, a best-in-class, multidisciplinary scientific consulting firm, today announced the acquisition of Modality Solutions (“Modality”). Founded in 2011 by Gary Hutchinson and Dan Littlefield, Modality optimizes the biopharmaceutical cold chain for novel, fragile, and controlled-temperature medical therapies and provides expert counsel on the complex filing requirements for these advanced drug products. In addition, Modality specializes in shipping validation testing using next generation, multi-modal simulation technologies. Pharmaceutical and biotech clients increasingly depend upon Modality to assist in the development of cold chain operations, as therapies have become more sensitive to changes in temperature. ToxStrategies is a portfolio company of Renovus Capital Partners. Terms of the transaction were not disclosed.

ToxStrategies partnered with Renovus Capital Partners in November 2022 with the goal of expanding its existing client base and developing new end markets. The acquisition of Modality by ToxStrategies brings together two best-in-class consulting firms within the life sciences industry, creating greater diversification across the customer base. Mssrs. Hutchison and Littlefield will continue to lead Modality as a Division of ToxStrategies.

“The partnership between ToxStrategies and Modality is an ideal strategic fit,” said Laurie Couture Haws, President of ToxStrategies. “Our centralized platform will allow us to cross leverage expertise to better serve our clients across life sciences sectors. We are pleased to welcome Gary, Dan, and the Modality team to ToxStrategies.”

Mr. Hutchison added, “We are thrilled to become part of the ToxStrategies platform. The combination of our capabilities will provide continued growth opportunities by allow us to engage with a broader client base, as well as with a with additional segments of the drug development life cycle than before.”

“ToxStrategies has benefitted from being one of several Renovus portfolio companies in the life sciences industry, giving it access to a vast network of relationships, capabilities, and industry expertise,” said Jesse Serventi, a founding partner at Renovus Capital Partners. “We are now excited to support ToxStrategies’ acquisition of Modality, which brings deep expertise in cold chain development and the regulatory processes central to the life sciences industry. We are confident that this acquisition will further enhance ToxStrategies’ capabilities as a leading life sciences consultant and create numerous growth opportunities for the company.”

About ToxStrategies

ToxStrategies is a multidisciplinary scientific consulting firm specializing in toxicology, epidemiology, exposure sciences, industrial hygiene and safety, and regulatory compliance. They are a cutting-edge firm that strives to develop innovative solutions to address the complex scientific, technical, and regulatory challenges confronting their clients. ToxStrategies has a reputation for applying sound science and novel approaches tailored to meet the specific needs of their clients, whether a rapid response or a comprehensive analysis is required. The ToxStrategies’ team of toxicologists, epidemiologists, industrial hygienists, engineers, exposure scientists, modelers, biostatisticians, information specialists, and regulatory specialists are recognized as leaders in their respective disciplines and bring a high level of technical expertise to every project. ToxStrategies has extensive experience assessing potential health risks associated with exposures to a wide variety of consumer products, food ingredients and additives, pharmaceuticals, medical devices, pesticides, industrial chemicals and environmental contaminants. ToxStrategies is headquartered in Texas and has offices and remote consultants throughout the US, Canada and England. For more information, please visit www.toxstrategies.com and on LinkedIn.

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Eurazeo signs agreement with Blackstone to provide financing equity for Groupe Premium

Eurazeo

Eurazeo, the management team led by Olivier Farouz and Montefiore Investment today announced that they have entered into a strategic financing agreement where funds managed by Blackstone (“Blackstone”) have agreed to provide Groupe Premium with €400m of financing equity. As part of the transaction, Blackstone will also acquire a limited minority stake in the business. Blackstone’s investment will provide Groupe Premium with further flexibility to grow the business. On the financing side, Barings renews its support to the Group with a new debt package of €300m.

The completion of the transaction would value the company at €1.15bn.
Eurazeo and its affiliates would realize a 3.3x cash-on-cash multiple at the completion date, including c.€185m of cash proceeds (of which c.€65m for Eurazeo balance sheet), the remainder of c.€135m being reinvested in the operation.

The transaction remains subject to the approval of the Group’s supervisory authorities.
Eurazeo would retain control of the company, reaffirming its trust in the Group for years to come.

Founded in 2000, Groupe Premium is a leading player in wealth management in France, through its three activities of brokerage in life insurance and retirement savings products through the Predictis and Cap Finances networks, asset management through its subsidiary Flornoy-Ferri and wealth management consulting. The Group manages €8.5bn assets and achieved in 2022 a turnover of €188m, growing of + 80% vs 2021 and aims for a level of activity of €263m in 2023.

In 2018, Montefiore invested in Groupe Premium and supported the acceleration of the company’s development before handing over control to Eurazeo in July 2021. Since Eurazeo’s entry into the capital, Eurazeo has supported the group by providing it with the human and financial resources necessary for its structuration and its development, in particular through the geographical expansion of its network of independent agents in France which counts 1100 partners, and by the creation of the Group’s wealth management consulting division, which today represents €3bn in assets under management and is the result of 8 acquisitions made over the past two years. Over these last five years, sales have been multiplied by ten.

Driven by the renewed confidence of its historical shareholders, the group intends to continue its strong organic growth by continuing to strengthen its product range and digitalization, while accelerating its active external growth policy, both France and internationally.

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