East Capital Holding acquires Monyx Asset Management

East Capital

East Capital Holding acquires Swedish fund management company Monyx, consisting of Monyx Asset Management and Nordic Fund Services S.A. from its owner NewCap Holding A/S. Monyx manages more than 3bn EUR in Nordic and global equity and fixed income funds. Monyx will remain as a separate entity within the group.

Once the transaction is completed Monyx will become a fully-owned subsidiary of East Capital Group. Monyx will continue to operate as a separate entity focusing on Nordic and Global strategies and East Capital Asset Management will retain its focus on emerging and frontier markets.

 

East Capital and NewCap cite a strong industrial logic as the driving force behind the transaction. There are significant economies of scale to be achieved in support functions and in the procurement of administrative and other external services linked to portfolio management. Reducing administration costs will provide vital additional resources to East Capital’s continued sustainability efforts and enable further investments in management teams and other core capabilities across both businesses. East Capital and Monyx also have offices and operations in Sweden and Luxembourg, further supporting seamless coordination between the two entities.

 

“We are pleased to be the new owner of Monyx, adding a new business line to the East Capital Group. We see a great opportunity in sharing our institutional investment management experience, as well as our strong sustainability and governance expertise. We plan to develop and support Monyx by providing additional resources to the investment team.”says Albin Rosengren, Partner at East Capital.

Ole Rosholm, CEO NewCap: “East Capital is one of the strongest independent investment managers in Northern Europe, with some of the world’s largest institutions among its clients and a wide European distribution network. East Capital has also been in the market for over 20 years, demonstrating both continuity and stability. We look forward to the mutual benefits our partnership will bring.”

 

This acquisition entails a change of ownership that requires approval by Swedish Financial Supervision Authority before the deal completes. Until then, East Capital refrains from providing any further details.

 

About East Capital

East Capital is an independent asset manager with various investment specializations all characterised by active management and a strong focus on responsible ownership. The main operations are East Capital Asset Management, an investment company which specialises in emerging and frontier markets, and East Capital Real Estate, which manages cash-flow generating commercial properties. Further, the securities company East Capital Direct offers a platform for transactions and investment custody. East Capital also owns a substantial part of the listed real estate company Eastnine (STO:EAST), which is an associated company in the group. East Capital was founded in Sweden in 1997 and has offices in Dubai, Hong Kong, Luxembourg, Moscow, Oslo, Stockholm and Tallinn. The company manages EUR 2.9bn for an international investor base including leading institutions.

Contact information:

Ilze Johnston, Marketing Communications Manager, East Capital

+46 8 505 88 550 mediaenquiries@eastcapital.com  

 

Andrew Fleming/ Georgie Rudkin, MHP Communications, Europe

+44 203 128 8100  eastcapital@mhpc.com  

 

Ruby Lo / Judith Bence, MHP, Asia

+852 6255 8133 / +61 415 903 849 eastcapital@mhpc.com

 

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ARDIAN arranges a unitranche financing for the acquisitions of selection1818 and aprep by DLPK GROUP

Ardian

Paris, 5 December 2018 – Ardian, a world-leading private investment house, today announces the arrangement of a Unitranche facility to support DLPK Group’s acquisitions of Sélection 1818 and APREP, which both took place towards the end of November.
DLPK Group is a major French player in the design and distribution of financial products for finance professionals, through its three specialized subsidiaries: Nortia (life insurance), Nortia Invest (securities accounts) and Haas Gestion (asset management). The group is majority owned by its management team, with BlackFin Capital Partners a minority shareholder since February 2018.
With the acquisition of Sélection 1818 and APREP, DLPK Group strengthens its position in the life insurance and securities accounts segments and becomes the leading distribution platform for financial advisers in France, with total assets under management of around €13bn.
Guillaume Chinardet, Head of Ardian Private Debt in France and Managing Director, said: “We were impressed by DLPK Group’s positioning, focused on the development of innovative financial solutions with a strong emphasis placed on quality of service and customer satisfaction, as well as the ambitions of its management team, who are determined for DLPK Group to become a leader in its market.”
“We are pleased to be able to help DLPK Group expand in a consolidating market. We are convinced that Sélection 1818 and APREP will benefit in full from DLPK’s expertise after their integration, and our Unitranche financing is particularly well suited to support the group’s expansion in the years to come” added Jean-David Ponsin, Director at Ardian Private Debt.
Vincent Dubois, chairman of DLPK Group, commented: “We are delighted to be working alongside Ardian, which has proven its creative and agile nature in providing a tailor-made financing solution, meeting the group’s needs perfectly under the framework of these two transformative acquisitions.”
Daniel Cohen-Sabban, Managing Director at BlackFin Capital Partners, added: “We are pleased to continue supporting growth at DLPK Group alongside Ardian, a long-term partner for BlackFin.”

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$82bn 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 560 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 750 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Ardian on Twitter @Ardian

ABOUT DLPK

Majority-owned by its management team, the DLPK Group counts companies specializing in the design and distribution of innovative financial solutions for financial professionals. It houses NORTIA (life insurance) and NORTIA INVEST (securities accounts), two distribution platforms which are exclusively dedicated to supporting financial advisors, as well as HAAS GESTION, an asset management company. The Group also holds a stake in the investment company NEXO CAPITAL.
Following the successive acquisitions of Sélection 1818 and APREP Diffusion, the DLPK group manages €13 billion in assets under management as of December 1, 2018.

ABOUT BLACKFIN CAPITAL PARTNERS

BlackFin Capital Partners is a sector-focused fund, specializing in Financial Services across Europe. BlackFin’s investment strategy focuses on asset-light businesses in the financial services & technology sector, across continental Europe. Businesses of interest to BlackFin include asset-management, institutional and retail brokerage, distribution of insurance and banking products, both digital and through traditional channels, payments, processing, debt management and collection, fund administration, business process outsourcing and financial technology.
BlackFin operates as an active and influential investor, supporting management teams to take their businesses to the next level.
BlackFin manages €800m through two financial services growth / buyout funds and one FinTech focused venture capital fund.
BlackFin Capital Partners is a fully independent firm, run by its four founding partners who have worked together as managers and entrepreneurs in the financial industry for decades. Altogether the team consists of 25 experienced professionals operating out of offices in Paris, Brussels and Frankfurt.

LIST OF PARTICIPANTS

Ardian Private Debt: Guillaume Chinardet, Jean-David Ponsin, Melchior Huet
DLPK: Vincent Dubois, Antoine Limare
BlackFin Capital Partners: Bruno Rostain, Sabine Mathis, Daniel Cohen-Sabban, Alexandre Chanteur
Legal and Financial Advisors (Ardian): K&L Gates – Mounir Letayf, Adeline Roboam

PRESS CONTACTS

ARDIAN
HEADLAND
TOM JAMES
Tel: +44 020 3805 4840
ardian@headlandconsultancy.com
DLPK
AGENCE FARGO
MARIE MAUREL
Tel: 01 44 82 95 54
mmaurel@agencefargo.com

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Onex Completes Acquisition of KidsFoundation

Onex

Toronto, November 27, 2018 – Onex Corporation (“Onex”) (TSX: ONEX) today announced it has completed the acquisition of KidsFoundation Holdings B.V. (“KidsFoundation”), the largest childcare provider in the Netherlands.
In total, the Onex Partners Group invested approximately $172 million, which includes capital from both Onex Partners IV and V. Onex’ portion of the investment was $48 million as a Limited Partner in the Funds. Onex will now begin accruing fees on Onex Partners V, with annualized private equity fees expected to increase by more than $50 million.

About Onex
Onex is one of the oldest and most successful private equity firms. Through its Onex Partners and ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with talented management teams. At Onex Credit, Onex manages and invests in leveraged loans, collateralized loan obligations and other credit securities. Onex has more than $33 billion of assets under management, including $6.9 billion of Onex proprietary capital, in private equity and credit securities. With offices in Toronto, New York, New Jersey and London, Onex and the team are collectively the largest investors across Onex’ platforms.
Onex’ businesses have assets of $52 billion, generate annual revenues of $32 billion and employ approximately 218,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.

For further information:
Emilie Blouin
Director, Investor Relations
Tel: 416.362.7711

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Eurazeo PME becomes new majority shareholder of EFESO Consulting, a global leader in operational excellence consulting, following Argos Wityu

Eurazeo

Paris, November 19th, 2018
EFESO Consulting, Eurazeo PME and Argos Wityu announce the signing of an agreement for the acquisition
of EFESO Consulting by Eurazeo PME, alongside management – Eurazeo PME will hold approximately 70%
of the capital. The transaction is expected to close in January 2019, after the release from suspensive
conditions and approval from competition authorities. Eurazeo PME’s investment will total approximately
€56M, including equity and quasi-equity instruments.

The shared ambition of Eurazeo PME and the management team is to accelerate the growth of EFESO
Consulting by reinforcing the company’s positioning as the world-leading specialist in operational
excellence consulting, particularly through accretive acquisitions and by deploying its renewed digital
offering. For the execution of this strategy, EFESO Consulting will have full access to Eurazeo PME’s
international network, which includes Eurazeo’s offices in the US, China, and Brazil; international
partnerships, most notably in Germany; and corporate functions (including for acquisition integration,
digital, Corporate and Social Responsibility).

Luca Lecchi and Bruno Machiels will become Co-CEOs of EFESO Consulting. Filippo Mantegazza, Founder
and President who has led the Group for thirty years, will continue to actively accompany EFESO Consulting
and will become a member of the supervisory board.

Merged with Solving International in 2007, EFESO Consulting is a consulting firm addressinoperational
agility and excellence, with an international, blue-chip customer base. The strong industrial expertise and
seniority of the Group’s 400 consultants, based in 17 offices globally, make EFESO Consulting a player of
reference within operational excellence consulting. Its clients include more than 50 Fortune 500 companies
within a wide range of sectors, who have longstanding customer relationships. The company has a strong
global presence: over 80% of 2017 sales outside of France and EFESO Consulting operates in 4 countries
per client on average. With 2017 revenue of €71M, EFESO Consulting has successfully integrated seven
acquisitions over the past six years, which has allowed the group to solidify its positioning most notably in
Italy, the Netherlands, Egypt, India, Belgium, and Ireland, as well as adding competencies in new
adjacencies and subsectors.

Pierre Meignen, Managing Director and Member of Eurazeo PME’s Management Board, declared: “We
are very enthusiastic about EFESO Consulting’s market positioning and the strong reputation of both the
company and its management team. The goals of the Group correspond perfectly with the ambition of
Eurazeo PME: to accelerate the development of a solid company in its international development”.
Filippo Mantegazza, Chief Executive Officer of EFESO Consulting: “We are closing an important phase of
our development in which, with the support of Argos Wityu, we have been able to build a leadership position
in operations consulting and design a new Strategy and a new Organization. Today we are delighted to
begin a new adventure with Eurazeo PME and we strongly believe that with the Eurazeo Team, and under
the guidance of Bruno and Luca, we will be able to accelerate our build-up strategy and focus on developing
our asset-based digital consulting model to strengthen our position and to conquer new territories in the
changing consulting market”.

Luca Lecchi et Bruno Machiels, co-CEO of EFESO Consulting: “Following the successful progression of the
business alongside Argos Wityu, we are pleased to embark on a new phase of development in partnership
with Eurazeo PME. We value Eurazeo’s approach and capacity to understand the challenges of our sector
and appreciate the strengths of our goals for the business. We are confident that Eurazeo is well-suited to
accompany EFESO, its associates and collaborators to accelerate our growth, taking advantage of and
reinforcing the quality and impact of EFESO’s competencies and innovative digital solutions”.
Louis Godron, President of the executive board of Argos Wityu: “We became shareholders of EFESO
Consulting alongside management in 2010, to reinforce their financial structure and accelerate growth. We
have accomplished these goals, with a 50% increase of sales over our hold. In the midst of the evolution of
the consulting industry, EFESO Consulting, led by a high-quality management team and our accompaniment
at their side, has established itself as a steadfast partner for its clients: 90% of EFESO’s principal clients
continue to work with the company each year in order to accelerate their progress. The recent classification
of EFESO Consulting as the 5th cabinet globally in operational excellence exemplifies this progress”.

About Argos Wityu
Argos Wityu is an independent private-equity group with offices in Brussels, Frankfurt, Geneva, Luxembourg, Milan
and Paris. Since its creation in 1989, the group has invested in more than 75 mid-sized companies (Enterprise Value
ranging from €25M to €200M). Its majority ownership investments range between €10M and €100M.
With €1Bn under management, the group develops a unique investment strategy focusing on business transformation
and growth, instead of financial leverage, and on bringing solutions to complex business and shareholding situations.
For further information: http://argos.wityu.fund

About Eurazeo PME
A subsidiary of Eurazeo, Eurazeo PME is an investment company dedicated to majority investments in French SMEs
with a value of under €250 million. As a long-term professional shareholder, it provides its investments with all the
financial, human and organizational resources necessary for long-term change, and supports those companies in its
portfolio in implementing sustainable and therefore responsible growth. This commitment is formalized and deployed
through a CSR (Corporate Social Responsibility) policy.
Eurazeo PME achieved a consolidated turnover of €1.1 billion in 2017 and supports the development of the following
companies: 2RH, Dessange International, Léon de Bruxelles, Péters Surgical, Vignal Lighting Group, Redspher, the MK
Direct Group, Orolia, Smile, In’Tech Medical and Vitaprotech. These companies are solidly established within their
market and driven by experienced management teams.
EURAZEO PME CONTACT PRESSE CONTACT

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Announcing our investment in Nested

Northzone

Nested, the startup that simplifies selling your home, has raised £120m in funds as they continue to disrupt estate agency in the UK. The round consists of £100m in debt financing from an institutional investor, and £20m in equity from leading European VCs Northzone and Balderton Capital, bringing total funding for the growing business to £165m.

Launched in 2016, Nested is the first estate agent to make home sellers chain-free. The company
provide a cash advance on the value of the property enabling customers to become cash buyers,
speeding up the process of moving home. Since launching, Nested has experienced rapid growth, helping over 400 homeowners during a period of market uncertainty with home sales falling 12% over the last year and 61% of homes for sale in London withdrawing from the market without selling, an effect of a slowing market in anticipation of Brexit.

Nested is driven by a mission to fix the broken housing market, bringing honesty to a traditionally opaque industry. In addition to the unique cash advance, Nested have built a strong reputation with customers for transparent and data-driven valuations, offering vastly improved accuracy compared to high-street estate agents. To back-up it’s ability to value homes accurately, Nested make their valuation performance public.

Matt Robinson, CEO of Nested, said: “We’re excited to receive the backing from some of Europe’s top VCs who share our vision for fixing the age-old problem of buying and selling homes. We are building an incredible team to offer an unassailable service with the most progressive technology in the property industry. This investment will allow us to continue solving the problems that prevent people from moving home with ease.”

Jeppe Zink, Partner at Northzone, said: “Selling a home is the biggest and most important transaction most people undertake. Yet the sales process remains opaque, with the resulting never-ending property chains becoming the bane of the industry. I was immediately convinced by Matt’s vision for Nested to fix this, giving home-sellers an accurate view, backed by an advance, of the price they can achieve for their property. This means they can have peace of mind and the freedom to focus on securing their new dream home. I truly believe that Nested can be a fundamental game-changer and we are incredibly excited to be part of the journey.”

1 12% decrease in Residential Property Transactions from Sept 2017 to Sept 2018: HMRC Property Transactions
2 61% of homes listed for sale in London withdraw from the market: Dataloft & Reapit
3 Nested sell for an average of 1.5% more than the average valuation: Nested Performance

About Nested: Fixing home selling in the UK
Nested is an estate agent with a difference. It provides home sellers with up to 95% of their homes value when they need it and the rest when it sells, helping them to secure their dream home and providing certainty in an uncertain market. The innovative start-up was founded by established entrepreneurs, Matt Robinson (former GoCardless co-founder and current Board member) Phil Cowans (former Songkick CTO) and trained architect, James Turford.

Nested does all the work of a traditional estate agent, but unlike other agents it provides additional
value-add services including; experts at every step of the process including a dedicated progression
team, data-driven, transparent valuations, and an advance of up to 95% of the market value. If the home sells above this amount the seller will receive that too (minus their fees) and if it sells for less, Nested will take the loss.

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Montagu Private Equity to acquire Kodak’s Flexographic Packaging Division

Montagu

Montagu Private Equity (“Montagu”), a leading private equity firm, today announces that it has reached an agreement to acquire the Flexographic Packaging Division (“Kodak’s Flexo business” or “the company”), a leading provider of graphics solutions for global packaging printing, of The Eastman Kodak Company (“Kodak”).

Kodak’s Flexo business is one of the world’s leading providers of imaging technologies for the graphics customisation of printed packaging materials. The company’s flagship flexographic plate imaging system, KODAK FLEXCEL NX, has received industry-wide acclaim for its leading image resolution quality, since debuting on the market in 2008. Flexography is the most common form of packaging printing and can apply images on almost any substrate, with a speciality in flexible packaging.

The company sells its products in more than 70 countries worldwide and has a loyal customer base that continues to enjoy the benefits offered by the KODAK FLEXCEL NX technology. Under Kodak’s stewardship, the business has consistently brought new, innovative and leading flexographic solutions to market, delivering strong organic growth above its peers. Montagu intends to work in close partnership with the management team to continue the company’s growth story, leveraging Montagu’s expertise, network and resources to further strengthen the business.

After the transaction closes, the business will operate as new standalone company and will have the same organizational structure, management team and growth culture that has served Kodak’s Flexographic Packaging Division well in recent years.

Chris Payne, who has served as President of the Flexographic Packaging Division for the last three years and will lead the new company as CEO, said: “We are very pleased that Montagu will be supporting the ongoing growth of the business going forward and that our customers will continue to experience the same product, same people, and same trusted brand. Under Montagu ownership, the company will have the focus, agility and resources to maintain a constant stream of innovation for our customers and continue the journey of transforming Flexo into the premium print process of choice for packaging.”

Ed Shuckburgh, Director at Montagu, said: “We focus on the acquisition of companies producing products or services that would be badly missed if the business did not otherwise exist, and are delighted to be investing in Kodak’s Flexo business, which has been very well established within Kodak and clearly meets our target profile. We are excited to support Chris and the team on their next stage of growth, building a standalone leader in the package printing market.”

Christoph Leitner-Dietmaier, Investment Director at Montagu, said: “Kodak’s Flexo business is well positioned to benefit from the exceptional growth in the packaging printing market. The company’s proprietary ‘Thermal Imaging Film’ technology enables them to offer a truly differentiated product that consistently produces high performing output. We are very much looking forward to working with the management as the business enters this next stage of its development”.

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Presto Brandsäkerhet and Aptum have joined forces to become the leading player in fire safety in the Nordic region. Adelis new majority owner

Adelis Equity

Presto Brandsäkerhet AB has acquired the fast-growing Aptum AB and is creating a Nordic market leader with revenue of more than SEK 700 million. Thanks to Presto’s market-leading position in fire risk management and Aptum’s innovative package solutions, the new group will become a comprehensive partner in strategic fire risk management. In connection with the transaction, Adelis Equity Partners will become the new majority owner.

Founded in 1959 by Gunnar Danielson and now under the direction of CEO Anders Danielson, Presto has developed into the largest player engaged in fire safety in the Nordic region. Presto is present in more than 50 locations in Scandinavia and supplies its services and products to more than 50,000 customers via its “Fire Risk Management” concept.

Aptum was founded in 2005 by Gustav Paringer and Gustav Nord and has become a market leader in fire-fighting solutions and fire safety in northern Sweden. Aptum offers innovative and comprehensive commitments within the fire-protection, training and fall protection sectors. Aptum will continue to operate as a subsidiary of Presto and maintain its strong local presence in northern Sweden.

“For almost 60 years, my vision has been that nobody should become injured and nothing damaged as a result of fires in workplaces. All along, Presto has challenged the industry and pushed the technology forward to create value and provide safety to our customers. Now we are once again transforming the industry and, together with Aptum, we are creating the leading global supplier of risk management for fire-fighting and safety in the Nordic region,” says Anders Danielson, CEO of Presto.

“Becoming part of this group opens up unique opportunities for both Aptum’s and Presto’s customers and employees. Thanks to Presto’s broad expertise in fire risk management and its large customer base, together we will be able to offer a comprehensive concept that will contribute to a safer work environment across the Nordic region,” says Gustav Paringer, CEO of Aptum.

To further strengthen the opportunities of the new group and promote continued growth, Adelis Equity Partners will become the principal owner of the Presto Group. Anders Danielson and the founders of Aptum will remain as the other large owners in the group.

“We have been monitoring both Presto and Aptum over a long time, and we are now proud to become owners of the Nordic region’s leading fire-safety company. We are looking forward to working with the management and to continue investments in future growth and new innovative solutions on behalf of all our customers,” says Erik Hallert at Adelis.

“Adelis has a thorough experience of investing together with successful entrepreneurs and well-managed family companies. By applying a long-term perspective and a shared view on the future, we will jointly develop Presto to become an even stronger player in Scandinavia,” reveals Jan Åkesson at Adelis.

The transaction is subject to competition approval and is expected to be completed in November-December 2018.

For further information:

Anders Danielson, CEO Presto Brandsäkerhet AB, +46 708 76 01 01

Gustav Paringer, CEO Aptum AB, +46 907 80 80 02

Adelis Equity Partners: Erik Hallert, erik.hallert@adelisequity.com, +46 709 36 80 41

About Presto Brandsäkerhet

Presto Brandsäkerhet AB is a comprehensive partner operating in the “Fire Risk Management” field, and it supplies extensive safety services and products related to fire-protection products including nationwide coverage. The company was founded in Katrineholm in 1959. Today it helps all types of companies and organizations to develop customised and efficient risk management related to fire-protection. With close to 60 years of industry experience and a close local presence with more than 300 employees, Presto today is a leading industry player. Presto has operations in Sweden, Norway and Finland. For more information, visit www.presto.se.

About Aptum

Aptum AB is a comprehensive supplier of accident prevention services with its headquarters in Umeå, but it operates throughout northern Sweden. Aptum is uniquely positioned thanks to its broad training portfolio and superior fall-protection solutions. Aptum has 80+ employees in nine different locations. For more information, visit www.aptum.se.

About Adelis Equity Partners

Adelis is an active partner in creating value at medium sized Nordic companies. Adelis was founded with the goal of building the leading middle market private equity firm in the Nordics. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, acquiring 17 platform investments and making more than 40 add-on acquisitions. Adelis now manages approximately €1 billion in capital. For more information please visit www.adelisequity.com.

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Presto Brandsäkerhet and Aptum have joined forces to become the leading player in fire safety in the Nordic region.

Adelis Equity

Presto Brandsäkerhet AB has acquired the fast-growing Aptum AB and is creating a Nordic market leader with revenue of more than SEK 700 million. Thanks to Presto’s market-leading position in fire risk management and Aptum’s innovative package solutions, the new group will become a comprehensive partner in strategic fire risk management. In connection with the transaction, Adelis Equity Partners will become the new majority owner.

Founded in 1959 by Gunnar Danielson and now under the direction of CEO Anders Danielson, Presto has developed into the largest player engaged in fire safety in the Nordic region. Presto is present in more than 50 locations in Scandinavia and supplies its services and products to more than 50,000 customers via its “Fire Risk Management” concept.

Aptum was founded in 2005 by Gustav Paringer and Gustav Nord and has become a market leader in fire-fighting solutions and fire safety in northern Sweden. Aptum offers innovative and comprehensive commitments within the fire-protection, training and fall protection sectors. Aptum will continue to operate as a subsidiary of Presto and maintain its strong local presence in northern Sweden.

“For almost 60 years, my vision has been that nobody should become injured and nothing damaged as a result of fires in workplaces. All along, Presto has challenged the industry and pushed the technology forward to create value and provide safety to our customers. Now we are once again transforming the industry and, together with Aptum, we are creating the leading global supplier of risk management for fire-fighting and safety in the Nordic region,” says Anders Danielson, CEO of Presto.

“Becoming part of this group opens up unique opportunities for both Aptum’s and Presto’s customers and employees. Thanks to Presto’s broad expertise in fire risk management and its large customer base, together we will be able to offer a comprehensive concept that will contribute to a safer work environment across the Nordic region,” says Gustav Paringer, CEO of Aptum.

To further strengthen the opportunities of the new group and promote continued growth, Adelis Equity Partners will become the principal owner of the Presto Group. Anders Danielson and the founders of Aptum will remain as the other large owners in the group.

“We have been monitoring both Presto and Aptum over a long time, and we are now proud to become owners of the Nordic region’s leading fire-safety company. We are looking forward to working with the management and to continue investments in future growth and new innovative solutions on behalf of all our customers,” says Erik Hallert at Adelis.

“Adelis has a thorough experience of investing together with successful entrepreneurs and well-managed family companies. By applying a long-term perspective and a shared view on the future, we will jointly develop Presto to become an even stronger player in Scandinavia,” reveals Jan Åkesson at Adelis.

The transaction is subject to competition approval and is expected to be completed in November-December 2018.

For further information:

Anders Danielson, CEO Presto Brandsäkerhet AB, +46 708 76 01 01

Gustav Paringer, CEO Aptum AB, +46 907 80 80 02

Adelis Equity Partners: Erik Hallert, erik.hallert@adelisequity.com, +46 709 36 80 41

About Presto Brandsäkerhet

Presto Brandsäkerhet AB is a comprehensive partner operating in the “Fire Risk Management” field, and it supplies extensive safety services and products related to fire-protection products including nationwide coverage. The company was founded in Katrineholm in 1959. Today it helps all types of companies and organizations to develop customised and efficient risk management related to fire-protection. With close to 60 years of industry experience and a close local presence with more than 300 employees, Presto today is a leading industry player. Presto has operations in Sweden, Norway and Finland. For more information, visit www.presto.se.

About Aptum

Aptum AB is a comprehensive supplier of accident prevention services with its headquarters in Umeå, but it operates throughout northern Sweden. Aptum is uniquely positioned thanks to its broad training portfolio and superior fall-protection solutions. Aptum has 80+ employees in nine different locations. For more information, visit www.aptum.se.

About Adelis Equity Partners

Adelis is an active partner in creating value at medium sized Nordic companies. Adelis was founded with the goal of building the leading middle market private equity firm in the Nordics. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, acquiring 17 platform investments and making more than 40 add-on acquisitions. Adelis now manages approximately €1 billion in capital. For more information please visit www.adelisequity.com.

 

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Altas to Acquire a Significant Interest in Hub International

Altas Partners

Altas Partners announced today that it has signed an agreement to acquire a significant interest in Hub International Limited (Hub), a leading full-service global insurance brokerage.

Headquartered in Chicago, Illinois, Hub International provides property and casualty, life and health, employee benefits, investment and risk management products and services. With more than 11,000 employees in offices located throughout North America, Hub’s vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions.

The transaction is expected to close before the end of 2018 and is subject to customary closing conditions and regulatory approvals.

For more information, visit https://www.hubinternational.com/en-CA/

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Onex Invests in Ryan – A Leading Global Tax Services and Software Provider –

Onex

Toronto, Ontario and Dallas, Texas, October 17, 2018 – Onex Corporation (“Onex”) (TSX: ONEX) today announced it acquired a 42% interest in Ryan, LLC (“Ryan”) for $317 million, which values the company at $1.1 billion.
Headquartered in Dallas, Texas, Ryan is a leading global tax services and software provider with an integrated suite of federal, state, local, and international tax services, and is the largest firm in the world dedicated exclusively to business taxes. Its multi-disciplinary team of more than 2,200 professionals and associates serves over 14,000 clients, including many of the world’s most prominent companies.

“Onex is the ideal partner for us given its strong track record and focus on growing companies and supporting the management teams in which it invests,” said G. Brint Ryan, Founder, Chairman and Chief Executive Officer of Ryan. “In recent years, we’ve significantly expanded our business, adding new service lines and growing our premium client roster. With the backing of Onex, we’ll continue this momentum to increase the value we bring to our clients.”
“Ryan is a trusted advisor to many of the world’s most respected organizations. This is a direct reflection of the caliber and values of Ryan’s people who are completely aligned with the success of their clients and work relentlessly on their behalf,” said Amir Motamedi, a Managing Director with Onex. “We’re delighted to be in business with Brint and his team and look forward to the years ahead.”
Onex invested $86 million of equity as a limited partner in Onex Partners IV. Onex expects to begin accruing fees on Onex Partners V, a $7.15 billion fund raised in 2017, once its previously announced acquisition of KidsFoundation closes later this year.
BofA Merrill Lynch acted as financial advisor and Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisor to Onex. Baker & McKenzie LLP acted as legal advisor to Ryan.

About Onex
Onex is one of the oldest and most successful private equity firms. Through its Onex Partners and ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with talented management teams. At Onex Credit, Onex manages and invests in leveraged loans, collateralized loan obligations and other credit securities. Onex has more than $33 billion of assets under management, including $6.8 billion of Onex proprietary capital, in private equity and credit securities. With offices in Toronto, New York, New Jersey and London, Onex and the team are collectively the largest investors across Onex’ platforms.
Onex’ businesses have assets of $48 billion, generate annual revenues of $31 billion and employ approximately 211,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.

About Ryan
Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. With global headquarters in Dallas, Texas, the Firm provides an integrated suite of federal, state, local, and international tax services on a multi-jurisdictional basis, including tax recovery, consulting, advocacy, compliance, and technology services. Ryan is a six-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan’s multi-disciplinary team of more than 2,200 professionals and associates serves over 14,000 clients in more than 50 countries, including many of the world’s most prominent Global 5000 companies. “Ryan” and “Firm” refer to the global organizational network and may refer to one or more of the member firms of Ryan International, each of which is a separate legal entity. For more information on Ryan, visit its website at www.ryan.com.

This news release may contain forward-looking statements that are based on Onex and Ryan management’s current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Onex and Ryan are under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.

Onex
Emilie Blouin
Director, Investor Relations
+1.416.362.7711
Ryan
Patty Sullivan
Director, Communications
+1.469.399.4721 or patty.sullivan@ryan.com