Hg announces investment in MeinAuto.de

HG Capital

Hg has announced today an investment in MeinAuto.de (‘MeinAuto’), a leading B2C online platform for new car purchases based in Germany. The terms of the transaction were not disclosed.

MeinAuto was founded in 2007 and is headquartered in Cologne with over 70 employees. The Company is one of Germany‘s leading online platforms for new car sales with over 16 million visitors per year and more than 9,000 dealers connected.

The investment is the first step in an initiative by Hg to develop a new integrated and technology enabled service provider in the automotive distribution & financing space. This initiative is the result of considerable sector work undertaken by Hg in recent years in the automotive services and software spaces, including prior investments in Zenith (vehicle leasing services), Epyx (an electronic network serving vehicle fleet operators and repair shops), Eucon (a platform for automotive parts pricing data) and Parts Alliance (a buying group and distribution network for after-market car parts).

Justin von Simson, Managing Partner and Head of the Munich Office at Hg, said: “We are delighted to partner with the management team of MeinAuto who have worked tirelessly over the last ten years to make the platform a true champion in the online automotive distribution space. As the online channel is gaining more and more importance for car distribution, we are excited about the opportunities that lie ahead for the business and together with the management team look forward to taking the platform to the next level of its evolution.”

Florian Wolff, Director at Hg, commented: “The automotive distribution sector is experiencing a fundamental change. We believe this creates a strong opportunity for MeinAuto given its clear and differentiated value proposition which has allowed the business to build a strong position in the sector. Hg firmly believes in the potential of MeinAuto to leverage its value proposition to further develop and grow the platform in the future. The investment is a perfect example for our approach in partnering with strong entrepreneurs and backing them to scale high-quality technology businesses.”

Alexander Bugge, Founder and Co-CEO at MeinAuto said: “In Hg we have found the right partner to take our company forward to its next level of development. Hg has deep sector knowledge and an excellent track record of building strong sustainable platforms.”

Thomas Eichenberg, Co-CEO at MeinAuto added: “We are confident that, together with Hg, we will be able to provide even better experience to our customers and further expand our offering.”

Diam Group refinances its debt

Ardian

Paris, 9 January 2018 – DIAM Group, the world leader in merchandising for luxury retail and cosmetics, today announced that it has refinanced its bank and bond debt that was arranged in September 2016 following the acquisition by Ardian, its management team and BNP Développement. Financing for the acquisition was provided by BNP Paribas, CIC, Société Générale, Banque Palatine and OFI ZenCap.

The newly-raised financing is structured around a bank debt with three tranches (Term Loan A, Term Loan B, Term Loan C) in addition to a capex line, an acquisition line and a revolving credit facility. Alongside its existing financing partners, the Group is delighted to welcome three new institutional lenders: Aviva, Allianz and Banque International à Luxembourg.

Michel Vaissaire, CEO of DIAM Group, said: “This accretive transaction for the management gives DIAM a strong financing structure to continue its growth. We have been investing heavily for several years, both at an organic level, adding two to three greenfields to our portfolio per year; and through acquisitions, three of which have taken place over the last two years. Strengthening our pool of financial partners in this high-growth environment is therefore key to reinforce our strategic agility.

With the continued support of the Ardian team, led by Arnaud Dufer, as well as the new banking pool, both supporting our strategy, we have all the elements in place to continue our development and provide our clients with the best service”.

Arnaud Dufer, Head of Expansion France at Ardian, added: “Since Ardian’s investment in the Group, DIAM has continued on its strong growth trajectory. We have supported DIAM’s management team and its CEO, Michel Vaissaire, in numerous initiatives, including the opening of new production sites in Europe, Asia and North America, and the acquisition of two companies, based in China and in France, which have provided DIAM with a portfolio of new and complementary activities. After only 15 months, the refinancing operation is a strong signal of the all the trust we all have in the company and its teams”.

 

ABOUT DIAM GROUP

With revenues exceeding €300m in 2017, DIAM is the world leader in merchandising solutions for the luxury retail and cosmetics segments. In the last few years, DIAM has grown through international expansion (with a presence in 25 countries) and by broadening its offer to provide better support to its clients. DIAM is a key player in the creative design, production and installation of merchandising solutions for cosmetics and luxury brands (Chanel, Clinique, Dior, Estée Lauder, Cartier, L’Oréal, Lancôme, Clarins, LVMH, Shiseido, Coty, P&G, etc.).

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$66bn managed or advised in Europe, North America 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 480 employees working from twelve offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco) and Asia (Beijing, Singapore). It manages funds on behalf of 640 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

Follow Ardian on Twitter @Ardian

 

LIST OF PARTIES INVOLVED

Ardian: Arnaud Dufer, Alexis Lavaillote, Caroline Pihan
Legal, financing and tax advisor: DLA Piper (Xavier Norlain, Matthieu Lampel, Maud Manon)
Financial advisor: Grant Thornton (Gregory Volpi, Jonathan Happi)
BNPP: Florent Launay, Guenaelle Kerever
CIC: Jérôme Salmon, Camille Laurent
Société Générale: Olivier Amicel, Stéphanie Kordonian
Banque Palatine: Hervé Rinjonneau, Alexis Nef
OFI ZenCap: François Caulry, Hervé Goigoux-Becker
Aviva: André Goncalvez, Benoit Faguer
Allianz: Damien Guichard, Alexandra Tixier
BIL: Julien Ruggeri, Bounouar Sayoud

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Ascensus Bolsters Defined Benefit Plan Expertise with Acquisition of Dedicated Defined Benefit Services

Genstar Capital

New and Existing Clients Stand to Benefit from Firm’s Expanding Stable of Resources

Dresher, PA, January 2, 2018— Ascensus, a technology-enabled service provider that helps more than 7 million Americans save for the future, has acquired Dedicated Defined Benefit Services (“Dedicated DB”). The defined benefit plan design, administration, and consulting firm will immediately become part of Ascensus’ TPA Solutions line of business within the company’s retirement division. With the acquisition, Ascensus will be able to offer clients access to even more retirement plan experience and expertise while adding another location to its geographic footprint.

Dedicated DB, which is based in Glendale, California, is the only national company focused exclusively on providing defined benefit plans for high-income professionals, small businesses, and individuals with self-employment income. The firm pioneered the turnkey defined benefit plan, partnering with large financial firms to open streamlined, ready-to-use plans across the country.

“We recognized Dedicated DB as an excellent candidate to join Ascensus based on their commitment to helping clients keep more of their earnings by offering the most complete and tax-efficient retirement programs available,” states David Musto, Ascensus’ president. “In addition to benefiting from Dedicated DB’s strong RIA, advisor, and institutional relationships, we’re also delighted to further expand our national footprint and offer clients enhanced access to deep defined benefit expertise.”

“At Dedicated DB, we pride ourselves on our reputation and do our best to help our clients—financial advisors, CPAs, and business owners—meet their goals,” says Karen Shapiro, Dedicated DB’s chief executive officer. “Becoming part of Ascensus ensures that we’ll be able to provide quality, quick-adoption retirement plans for many years to come.”

“Dedicated DB adds some very compelling lead-sourcing technology to Ascensus’ toolkit,” says Raghav Nandagopal, Ascensus’ executive vice president of corporate development and M&A. “We continue to look for companies that will not only allow us to assist Americans in saving for retirement, college, and healthcare, but also help our company to grow and fuel our ongoing investment in service offerings and technology.”

About Ascensus

Ascensus helps more than 7 million Americans save for the future—retirement, college, and healthcare—through technology-enabled solutions. With more than 35 years of experience, the firm offers tailored solutions that meet the needs of asset managers, banks, credit unions, state governments, financial professionals, employers, and individuals. Ascensus supports approximately 50,000 retirement plans, more than 4 million 529 college savings accounts, and a growing number of ABLE savings accounts. It also administers more than 1.7 million IRAs and health savings accounts. As of September 30, 2017, Ascensus had over $158 billion in total assets under administration. For more information about Ascensus, visit ascensus.com. For more information about Ascensus TPA Solutions, visit tpa.ascensus.com.

###

MEDIA INQUIRIES:

Roberta Hess
Senior Vice President
Marketing & Communications
Ascensus
Tel: 215-648-1426
Media@ascensus.com

 

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Corsearch Becomes Independent Company

Audax Group

January 5, 2018 – Corsearch, a global trademark solutions leader, is pleased to announce the closing of its sale to Audax Private Equity, effective today. As previously reported, in October 2017, Audax Private Equity agreed to purchase Corsearch from Wolters Kluwer. Today’s closing represents the finalization of that transaction, resulting in a newly independent Corsearch company.

The move to an independent company provides Corsearch with many opportunities in an evolving industry. Corsearch will be using its new status to enrich the industry-leading offerings in trademark and domain solutions that it offers today, as well as to expand into new areas.

Audax Private Equity is an experienced investor in lower middle-market companies. The firm’s “Buy & Build” strategy focuses on investing in – and building – successful platform companies, fueling their revenue growth, optimizing their operations, and significantly increasing their long-term value. Since its founding in 1999, the firm has invested over $4 billion in 700-plus companies.

“Today we are taking an important step that will allow us to capitalize on the exciting growth opportunities that exist in trademark, brand protection, and beyond,” said Tobias Hartmann, President & Chief Executive Officer.  “We’re thrilled to be moving forward in partnership with Audax, and to be leveraging the experience they have in helping companies like ours work to maximize growth potential.”

The new Corsearch will also see its headquarters move to a prime location in New York City’s famous Times Square area—a fitting address for a global provider that is expecting dramatic growth in the years ahead. The company currently employs over 200 people across nine countries, and provides intellectual property services that span the globe.

“All of us at Corsearch are thrilled to be writing the company’s next chapter together,” said Hartmann. “We know that our new status will help us to pave innovative new roads for our clients that will take our company to exciting new highs and allow us to bring new classes of product offerings to our industry. Stay tuned…the best is yet to come.”

Besides Mr. Hartmann, continuing in their positions on the senior leadership team at Corsearch will be:

  • Stephen Stolfi, Vice President, Global Sales & Strategic Partnerships
  • Guy Coene, Vice President of Information Technology
  • Brett Amdur, Vice President of Product Management & Marketing
  • Luc Pierlé, Global Head of Operations
  • Satoru Ogawa, Chief Financial Officer

One thing that won’t change, according to Hartmann, is the Corsearch philosophy centered on providing accurate, concise, and timely services with a uniquely personal approach. “Being customer-centric is in our DNA,” said Hartmann. “Clients should know that they will always receive the quality service and results, as well as the personal attention, that they’ve come to expect from Corsearch.”

ABOUT CORSEARCH

Corsearch is the premier provider of clearance and protection solutions for trademark and brand professionals. Its high-quality, intuitive tools and unparalleled expertise enable professionals to effectively manage their trademark screening, search review, watching, and domain management processes. With highly trained researchers, an expansive global content set and customer-designed technology tools like the Corsearch platform, Corsearch empowers its customers with the ability to easily, quickly and flexibly monitor and protect their brands in an increasingly complex business environment.

ABOUT AUDAX PRIVATE EQUITY

Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested $4.5 billion in 112 platform and 638 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. Audax Private Equity is an integral part of Audax Group, an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and San Francisco, Audax Group has over $11.5 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses. For more information, visit the Audax Group website, www.audaxgroup.com.

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Silver Lake and Weld North Education Announce Strategic Partnership

KKR

Investment to Advance Weld North’s Mission to Provide the Most Innovative and Effective Digital Curriculum to Students, Teachers and Administrators Across America

NEW YORK, Jan. 4, 2018 /PRNewswire/ — Silver Lake, the global leader in technology investing, announced today that it will acquire a majority stake in Weld North Education (WNE), a leading digital education technology company focused on developing digital curriculum and tools for preK-12th grade. Silver Lake’s investment will help WNE accelerate its long-term growth initiatives to serve the rapidly changing technology demands for educating preK-12 students. Jonathan Grayer, Chairman and CEO of Weld North, will continue to lead the company, which is being sold by its prior majority owner, KKR. Terms of the transaction were not disclosed.

Founded in 2010 as a partnership between Grayer and KKR, Weld North Education seeks to redefine the capability of digital learning curricula to improve student outcomes. Beginning with its acquisition of e2020 in July 2011 (later renamed Edgenuity) and further advanced with the purchase of Imagine Learning, WNE has invested substantially into both SaaS platforms to adapt to every student’s evolving learning needs. Edgenuity’s vast K-12 online curriculum, supplemental material and instructional services are deployed at nine of the top 15 school districts in the U.S. Imagine Learning’s leading animation-driven language and literacy software improves how elementary students learn English in districts across the country.

Weld North LLC’s other platform companies, Performance Matters and The Learning House, are not included in the Silver Lake transaction.

“Since inception, our focus at Weld North, in partnership with KKR, has been to create an important preK-12 digital curriculum platform that would improve a teacher’s ability to educate and a student’s ability to learn. By adapting to the strengths and weaknesses of a student in real time, digital curricula can improve learning outcomes more quickly than print and legacy methods,” said Jonathan Grayer, CEO of Weld North.

“I’m enormously proud of what our team has accomplished so far. We are recognized as a market leader in both the number of schools that use our products – over 3,000 school districts – and in the way we have innovated to maximize the power of digital curricula,” Mr. Grayer added. “Our new relationship with Silver Lake represents the next important phase of our growth strategy as we partner with another world-class firm, one particularly well-known for its ability to help scale technology businesses. We are excited about what this can all mean for students, educators and parents.”

“Jonathan and his world-class management team have built an exciting platform at the vanguard of preK-12 digital learning, harnessing the power of technology to bring the highest quality education to America’s schools,” said Greg Mondre, Managing Partner of Silver Lake. “We look forward to working alongside Jonathan and his team, including supporting them with additional growth capital, as they execute on Weld North’s vision to build the market leader in preK-12 digital education.”

“KKR’s partnership with Jonathan Grayer and his team in building Weld North has been gratifying both in terms of financial results and societal impact,” said Richard Sarnoff, Head of KKR’s Media and Communications industry team. “Educating students remains mission critical for our country’s long-term vitality, and Weld North’s digital curriculum platform – unique for preK-12 – has delivered exceptional and sustainable value to students and educators in districts across the U.S. We are excited to see Silver Lake invest in the business for its next stage of growth, and wish the firm great success in its future work with Weld North Education.”

Macquarie Capital and Centerview Partners acted as the financial advisors to Weld North and KKR in the transaction, while Latham & Watkins LLP acted as the companies’ legal advisor. Ropes & Gray LLP acted as legal advisor to Silver Lake in the transaction.

About Silver Lake
Silver Lake is the global leader in technology investing, with about $39 billion in combined assets under management and committed capital and a team of approximately 100 investment and value creation professionals located in Silicon Valley, New York, London, Hong Kong and Tokyo. Silver Lake’s portfolio of investments collectively generates more than $140 billion of revenue annually and employs more than 300,000 people globally. The firm’s current portfolio includes leading technology and technology enabled businesses such as Alibaba Group, Ancestry, Broadcom Limited, Cast & Crew, Ctrip, Dell Technologies, Endeavor, Fanatics, Global Blue, GoDaddy, Motorola Solutions, Red Ventures, Sabre, SoFi, SolarWinds and Symantec. For more information about Silver Lake and its entire portfolio, please visit www.silverlake.com.

About Weld North
Weld North operates a platform of digital and SaaS educational solution businesses and makes control investments in high potential businesses in the education industry. By attracting highly motivated and distinctly talented professionals, Weld North looks to accelerate growth through an obsessive focus on enhancing the customer experience, operational excellence, marketing expertise and disciplined financial management.

About KKR
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit and, through its strategic manager partnerships, hedge funds. KKR aims to generate attractive investment returns 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 its partners’ capital and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

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Tesi to invest in fast-growing KotiSun Group

Tesi

Investments in companies2017-12-27

Tesi, The CapMan Buyout X fund and Varma Mutual Pension Insurance Company have entered into an agreement to invest in KotiSun Group. The seller in the transaction is Panostaja Plc. As a result of the transaction, CapMan, Tesi and Varma will become the majority owner of KotiSun Group Oy. The management of KotiSun Group will own 30% of the company.

Founded in 2006, KotiSun Group is a nationwide company specialising in high-quality renovations of service water, heating and drainage systems. The company is the market leader in Finland with a turnover of MEUR 42.5, which has been growing at an average annual rate of 30% during the last five years. The company employs about 400 people throughout Finland and has this year successfully begun its expansion into Sweden.

“KotiSun Group is a strong company that has done groundbreaking work in its own field. The company is known for its customer-oriented approach and principles of continuous development. We are very excited about this investment, which will offer us the opportunity to grow a market leader in Finland and expand a working concept internationally. The growth driven and committed management of KotiSun has done an excellent work in developing the company and we look forward to our co-operation,” says Antti Karppinen, Investment Director at CapMan Buyout.

“Over the past years, we have developed and grown in various areas and I feel that now is the right moment to take the next step on our journey to achieve our ambitious goals related to the growth and internationalisation of the company. We wanted CapMan to be our partner because of its professional team and wide-ranging experience. In addition, CapMan operates in Finland and Sweden, which are important markets for us. Together, we can turn the company into a specialist in home renovation projects that is able to serve its customers even better than before,” says Kalle Lahtinen, CEO of KotiSun Group.

For further information, please contact:

Kalle Lahtinen, CEO, KotiSun Group Oy, tel. +358 40 4177 962
Antti Karppinen, Investment Director, CapMan Buyout, tel. +46 731 456 462
Samuel Saloheimo, Investment Manager, Tesi, tel. +358 50 438 3311

CapMan is a leading Nordic investment and specialised asset management company. As one of the Nordic private equity pioneers, we have actively developed hundreds of companies and real estate and thereby created substantial value over the past 28 years. Today, CapMan employs 110 private equity professionals and manages €2.7 billion in assets. We mainly manage the assets of our customers, the investors, but also make direct investments from our own balance sheet in areas without an active fund. http://www.capman.com | @capmanPE

Tesi (Finnish Industry Investment Ltd) is a venture capital and private equity company that accelerates companies’ success stories by investing in them directly and via funds. Tesi always invests together with other investors, providing them with access to high quality deal-flow in Finland. Our investments under management total 1 billion euros and we have altogether 723 companies in portfolio. www.tesi.fi/en | @TesiFII

Varma Mutual Pension Insurance Company is a responsible and solvent investor. The company is responsible for the statutory earnings-related pension cover of some 878,000 people in the private sector. Premiums written totalled EUR 4.7 billion in 2016 and pension payments stood at EUR 5.3 billion. Varma’s investment portfolio amounted to EUR 45.4 billion at the end of September 2017. www.varma.fi/en | @varma_tweet

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Herkules IV acquires Eterni Gruppen AS

Hercules Capital

Herkules Private Equity Fund IV has acquired a majority share of Eterni Gruppen AS. Eterni is one of Norway’s leading temporary staffing service companies.
Herkules Fund IV has entered into an agreement to acquire the majority of the shares of Eterni Gruppen AS. The management will re-invest and retain a minority stake in the company. The closing of the transaction took place on 20 December 2017.

Founded in 2011 by Rune Myrseth, Eterni is one of the leading temporary staffing service companies in Norway. Over the past 5 years, Eterni has taken significant market shares and in 2016, the company was ranked the 6th largest staffing service company in Norway. The company is headquartered in Bergen, Norway, with additional sales offices in Oslo and Trondheim, and sourcing offices in Poland, Lithuania and Slovakia. Eterni has 37 employees and approximately 800 temporary workers on contract for clients. Eterni mainly serves two key industry verticals; the construction industry and the fish and food processing industry. Eterni’s management team has long experience from the industry and has established a highly commercial corporate culture. Eterni had revenues of NOK 355 million and an EBITA of NOK 22 million in 2016.

“Eterni is one of the leading providers of temporary staffing services in Norway. Together with the management team and all the employees we believe there is great potential to continue growing the business.” says Gaute Gillebo, partner at Herkules Capital.

For further information about Eterni, please visit http://www.eterni.no/

 

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Apax Partners and Altamir support Altran’s transforming acquisition of Aricent

Apax

Paris (France), 30 November 2017 – Apax Partners and Altamir confirm their support for the acquisition of Aricent announced today by Altran Technologies, their commitment to vote in favour of  the rights issue at the EGM and their intention to participate pro-rata in the rights issue.The acquisition of the US company Aricent is a transforming operation that will allow Altran to confirm its position as the undisputed world leader in engineering and R&D services.

Apax Partners and Altamir, which have been supporting Altran’s strategy since 2008, hold 8.4% of Altran’s share capital through the Altrafin Participations holding.

For more information on this operation, please refer to Altran’s press release issued today.

 

About Apax Partners

www.apax.fr

Apax Partners is a leading private equity firm in Europe. With 45 years of experience, Apax Partners provides long-term equity financing to build and strengthen world-class companies. Funds managed and advised by Apax Partners exceed €3 billion. These funds invest in fast-growing small and mid-market companies across four sectors of specialisation: TMT, Consumer, Healthcare and Services.

About Altamir

www.altamir.fr

Altamir (Euronext Paris-B, LTA) is a listed private equity company with almost €800m in assets under management. The company invests via and with the funds managed or advised by Apax Partners France and Apax Partners LLP, two leading private equity firms in their respective markets. It provides access to a diversified portfolio of fast-growing companies across Apax’s sectors of specialisation (TMT, Consumer, Healthcare, Services) and in complementary market segments (mid-sized companies in French-speaking European countries and larger companies across Europe, North America and key emerging markets).

 

Contacts

 

Apax Partners

Coralie Cornet

Tel.: + 33 1 53 65 01 35

Email: coralie.cornet@apax.fr

 

Altamir

Agathe Heinrich

Tel.: +33 1 53 65 01 74

Email: agathe.heinrich@altamir.fr

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Industrifonden leads €3 million investment in DPOrganizer

IndustrieFonden

We are thrilled to announce our €3 lead investment in European regulation tech pioneer DPOrganizer. The financing will be used to ramp up expansion both in Sweden and globally by strengthening the product, the tech team and expand its SaaS solution that helps companies worldwide to grow with the upcoming EU directive GDPR. Welcome to the family, Egil, Lelle, Cecilia and the rest of the team! 

Blogpost: Thoughts on our investment in DPOrganizer by our investor Sara Resvik

Data protection management company DPOrganizer offers a Saas tool that helps businesses map, visualize, report on and manage their personal data processing. The software helps businesses comply with the General Data Protection Regulation (GDPR), which comes into effect in May 2018. The regulation affects any company that handles personal data about Europeans, across the globe. Due to the rapidly growing GDPR market, DPOrganizer has grown tenfold over the last year, both in number of employees and in revenue, and serves customers in Europe, Asia and the US.

“Hundreds of thousands of businesses will be affected by the GDPR, and we now stand better positioned to become an important player in the market. It has been important for us to find investors who truly understand the craft of building a business. We are very happy to get Industrifonden and Creades onboard, both of whom share our vision and can help us grow smarter and faster. ” says Egil Bergenlind, CEO and founder of DPOganizer.

The financing will be used to ramp up expansion both in Sweden and globally by strengthening the product, the tech team and expand its SaaS solution that helps companies worldwide to grow with the upcoming EU directive GDPR. With less than 6 months to go, previous studies have shown that only 6% of UK FTSE 350 companies are completely prepared for the GDPR. A Swedish study indicates that 92 % of European companies are not at all prepared for GDPR.

IK Investment Partners to sell Ramudden

ik-investment-partners

IK Investment Partners (“IK”), a leading Pan-European private equity firm, is pleased to announce that the IK VII Fund has reached an agreement with funds advised by Triton (“Triton”) to sell the Ramudden Group (“Ramudden” or “the Company”), a leading Nordic provider of work zone safety solutions. 

Founded in 2005, Ramudden is a specialist provider of work zone safety solutions for the road, construction and industrial sectors. The service offering includes rental of road barriers, signage, traffic and road signs, concrete systems, industrial heating solutions, traffic arrangement plans, surveillance and maintenance service as well as safety education programmes.

With a presence in Sweden, Norway, Finland and Estonia through their own depots, the Company has an unrivalled ability to quickly adapt to changing client expectations and market conditions, with a high level of customer satisfaction. Ramudden employs over 450 people, and has a turnover exceeding 700 MSEK (2017).

“During the past 3,5 years, we have worked closely with the management team to transform the business from a provider of temporary traffic control services to a work zone safety specialist. The Company has more than doubled the turnover, and successfully executed five add-on acquisitions, strengthening their presence in core geographies and expanding into the Baltics. We would like to thank Hans-Olov, the management team and all of Ramudden’s employees for their hard work and dedication, and wish them all the best on their continued journey,” said Kristian Carlsson Kemppinen, Partner at IK Investment Partners and advisor to the IK VII Fund.

“IK has been instrumental to Ramudden’s significant growth over the past couple of years. Thanks to their support, we have been able to rapidly expand our depot network, improve our operational structure and invest even more in our staff. We are looking forward to continuing our development together with Triton,” said Hans-Olov Blom, CEO and founder of Ramudden.

Financial terms of the transaction are not disclosed. Completion of the transaction is subject to legal and regulatory approvals.

For further questions, please contact:

IK Investment Partners
Kristian Carlsson Kemppinen
Partner
Phone: +46 8 678 95 00

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

Ramudden
Hans-Olov Blom
CEO
Phone: +46 26 66 89 80

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 more than €9 billion of capital and invested in over 110 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

About Ramudden
Ramudden provides the market in Sweden, Norway, Finland and Estonia with work zone safety solutions, including rental of essential equipment (such as traffic barriers and guide signs), traffic arrangement planning, and education, surveillance and maintenance services. Customers are mainly civil engineering contractors and construction companies. For more information, please visit www.ramudden.se

 

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