Ratos company Speed Group wins the Stora Hållbarhetspriset sustainability award

Ratos

Speed Group named winner of the Stora Hållbarhetspriset award for 2022. The prize is awarded by Borås Näringsliv (the Borås local business association), the University of Borås, the City of Borås and Sparbanken Sjuhärad through its owner foundation.

Speed won the prize, with the following citation: “With a clear focus on the environment that is central to the customer dialogue, and with the largest rooftop photovoltaic system in the Nordics, this year’s winner is growing quickly. The 2022 Stora Hållbarhetspriset recipient has a goal of becoming carbon neutral by no later than 2025. Suppliers for this year’s prize-winner must meet requirements for more sustainable materials, energy solutions, transportation and work clothes. Through initiatives both large and small, the winner makes a difference and demonstrates that ecological, social and financial responsibility can go hand in hand. The winner of this year’s prize intends to support innovations related to the environment and contribute to a more inclusive local community where children and young people have a fair chance. Based on its long-term and goal-oriented sustainability agenda, the jury awards the Stora Hållbarhetspriset to Speed Group.

“Sustainability is a prerequisite for remaining an attractive employer and continuing to provide an attractive customer offering. Speed Group has integrated sustainability into its core operations in an exemplary manner. Speed Group is honoured to receive this award,” says Christian Johansson Gebauer, Chairman of the Board of Speed Group and President, Business Area Construction & Services, Ratos.

“It’s incredibly exciting to win a prestigious award like the Stora Hållbarhetspriset and validation that our focus on sustainability is making a difference. Sustainability permeates everything we do and it’s gratifying to see that employees in every department share this mindset. This distinction is a source of pride for Speed Group and will spur everyone to continue this important work,” says Jesper Andersson, CEO of Speed Group.

About the Stora Hållbarhetspriset sustainability award
The Stora Hållbarhetspriset was established in 2021 by Borås Näringsliv, the University of Borås, the City of Borås and Sparbanken Sjuhärad through its owner foundation to inspire and encourage sustainable development that generates growth.

About Speed Group
Speed offers sustainable, flexible and innovative solutions to complex logistics and staffing challenges. Sustainability permeates the entire business, and the aim is to be carbon neutral by 2025. Speed has its head office in Borås, Sweden, and logistics centres in Borås, Gothenburg and Stockholm covering a combined total of more than 220,000 square metres. The company has sales of just over SEK 1.2 billion and approximately 1,500 employees.

For further information, please contact:
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21

About Ratos
Ratos is a business group consisting of 16 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2021, the companies have approximately SEK 30 billion in net sales. Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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GTCR-Backed Paya to be Acquired by Nuvei

Sale of Leading Integrated Payments Provider Follows Significant Transformation and Successful Execution of The Leaders Strategy™ within the Payments Industry
CHICAGO, IL — January 9, 2023

GTCR, a leading private equity firm, announced today that portfolio company Paya Holdings Inc. (NASDAQ: PAYA), a leading integrated payments provider, has signed a definitive agreement with Nuvei Corporation (TSX: NVEI) (NASDAQ: NVEI) to be acquired in an all-cash transaction through a tender offer with a total enterprise value of approximately $1.3 billion. Following Paya’s listing as a publicly-traded company, GTCR remained Paya’s largest shareholder and the firm supports this transaction.

Headquartered in Atlanta, Georgia, Paya is a leading pure-play integrated payments platform serving customers in attractive and growing end markets such as B2B, government, utilities, non-profit and healthcare end markets. In total, Paya processes over $45 billion of annual payment volume, making it a top 10 provider of card-not-present payment processing in the U.S., and serves over 100,000 end-customers through over 2,000 software vendors and other key distribution partners.

GTCR originally acquired Paya in 2017 and, alongside Paya’s management team, helped transform the business through accelerated organic growth and several accretive acquisitions. In October 2020, Paya became a NASDAQ-listed public company.

“Nuvei’s acquisition of Paya marks a significant milestone in the transformation of this business,” said Aaron Cohen, Managing Director and Head of Financial Services & Technology at GTCR. “Since the initial corporate carveout from Sage, the Company has worked side-by-side with our team to implement a growth strategy centered on investing in technology and an enhanced product suite to reach new customers in attractive markets.”

“Paya’s evolution from a corporate subsidiary to a highly strategic business within the broader payments ecosystem is a great illustration of the GTCR Leaders StrategyTM,” said Collin Roche, Managing Director and Co-CEO of GTCR. “We’d like to thank Jeff Hack and the rest of the Paya management team for their hard work which led to this important achievement.”

“Today is the culmination of a five-year journey for the Paya business alongside GTCR, and we see a very bright future for Paya with Nuvei,” said Jeff Hack, Paya CEO. “GTCR has been an exceptional partner. They have worked closely with management to transform our business and their contributions to Paya’s strategy and success have been invaluable. Together, we were able to leverage GTCR’s deep domain expertise in payments and Paya’s leading-edge solutions to execute an organic growth and M&A investment plan that has established the Company as one of the leading providers of integrated payments solutions.”

J.P. Morgan Securities LLC and Raymond James & Associates are serving as financial advisors to Paya and Kirkland & Ellis LLP is serving as Paya’s legal advisor. Simpson Thacher & Bartlett LLP is serving as legal counsel for GTCR.

About GTCR
Founded in 1980, GTCR is a leading private equity firm that pioneered The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through organic growth and strategic acquisitions. GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications sectors. Since its inception, GTCR has invested more than $24 billion in over 270 companies, and the firm currently manages over $26 billion in equity capital. GTCR is based in Chicago with offices in New York and West Palm Beach. For more information, please visit www.gtcr.com. Follow us on LinkedIn.

Additional Information about the Tender Offer and Where to Find it
The tender offer referenced in this communication has not yet commenced. This communication is for information purposes only and is neither an offer to buy nor a solicitation of an offer to sell any securities of Paya Holdings, Inc. (“Paya”), nor is it a substitute for the tender offer materials that Pinnacle Merger Sub, Inc. (“Merger Sub”) will file with the Securities and Exchange Commission (“SEC”) upon commencement of the tender offer. The solicitation of an offer to sell and the offer to buy shares of Paya’s common stock will only be made pursuant to a tender offer statement on Schedule TO, including an offer to purchase, a letter of transmittal and other related materials that Merger Sub, a wholly owned subsidiary of Nuvei Corporation (“Nuvei”), intends to file with the SEC. In addition, Paya will file with the SEC a Solicitation/Recommendation Statement on Schedule 14D-9 with respect to the tender offer.

Stockholders and Investors are strongly advised to read these documents when they become available, including the Solicitation/Recommendation Statement of Paya on Schedule 14D-9 and any amendments or supplements thereto, as well as any other documents relating to the tender offer and the merger that are filed with the SEC, carefully and in their entirety prior to making any decisions with respect to whether to tender their shares into the tender offer because they contain important information, including the terms and conditions of the tender offer.

Once filed, investors will be able to obtain the tender statement on Schedule TO, the offer to purchase, the Solicitation/Recommendation Statement of Paya on Schedule 14D-9 and related offer materials with respect to the tender offer and the merger, free of charge at the SEC’s website at www.sec.gov or from the information agent that will be named in the tender offer materials. Investors may also obtain, at no charge, the documents filed with or furnished to the SEC by Paya under the “Investors” section of Paya’s website at https://investors.paya.com.

Cautionary Statement Regarding Forward-Looking Statements
Certain statements either contained in or incorporated by reference into this document, other than purely historical information, including statements relating to the acquisition of Paya by Nuvei and any statements relating to Paya’s business and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements.” These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Forward-looking statements are based on management’s current expectations and beliefs, as well as a number of assumptions, estimates and projections concerning future events and do not constitute guarantees of future performance. These statements are subject to risks, uncertainties, changes in circumstances, assumptions and other important factors, many of which are outside management’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements.  Such forward-looking statements include those relating to the ability to complete and the timing of completion of the transactions contemplated by the merger agreement including the parties’ ability to satisfy the conditions to the consummation of the tender offer and the other conditions set forth in the merger agreement and the possibility of any termination of the merger agreement. Actual results may differ materially from current expectations because of numerous risks and uncertainties including, among others: (i) the risk that the proposed transaction may not be completed in a timely manner or at all; (ii) uncertainty surrounding the number of shares of Paya’s common stock that will be tendered in the tender offer; (iii) the risk of legal proceedings that may be instituted related to the merger agreement, which may result in significant costs of defense, indemnification and liability; (iv) the possibility that competing offers or acquisition proposals for Paya will be made; (v) the possibility that any or all of the various conditions to the consummation of the offer or the merger may not be satisfied or waived, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the offer or the merger; (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; and (vii) the effects of disruption from the transactions of Paya’s business and the fact that the announcement and pendency of the transactions may make it more difficult to establish or maintain relationships with employees and business partners. The risks and uncertainties may be impacted by the COVID-19 pandemic (including supply chain constraints, labor shortages and inflationary pressure). The foregoing factors should be read in conjunction with the risks and cautionary statements discussed or identified in Paya’s public filings with the SEC from time to time, including Paya’s most recent Annual Report on Form 10-K for the year ended December 31, 2021 and Quarterly Reports on Form 10-Q. Paya’s stockholders and investors are cautioned not to unduly rely on these forward-looking statements. The forward-looking statements speak only as of the date hereof and, other than as required by applicable law, Paya expressly disclaims any intent or obligation to update or revise publicly these forward-looking information or statements.

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Inflexion announces Partnership Capital minority investment in YER

Inflexion

Inflexion is pleased to announce it has agreed to make a minority investment into YER, a leading Netherlands-based specialist secondment and recruiting agency. The investment is Inflexion’s second in the Netherlands in the last 12 months following its investment into e-bike component manufacturer enviolo in March 2022. The investment is being made by Inflexion’s dedicated minority investment fund, Partnership Capital II.

Founded in 1987, YER offers high scarcity talent in undersupplied fields such as engineering, IT, public sector and finance to a range of specialist end market verticals. The business has over 950 clients including ASML, Bosch, DAF, KLM, VDL and Rabobank, and operates internationally from nine local offices in the Netherlands, four in the USA and one in Belgium. Inflexion has deep experience in this sector following investments in FDM, K2 Partnering Solutions, Red Commerce, Sparta and Calco.

Working closely with the founder of YER, Jaap Kooijman, and the management team led by CEO Johan Overgaauw, Inflexion will support the growth of the business by further developing existing and new customer relationships and through continued international expansion, both organically as well as through selective M&A.

The transaction is subject to customary regulatory approvals and is expected to close in Q1 2023. 

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BGF leads major investment in Makers to champion diversity and talent in tech

BGF

Makers, the London based provider of tech talent, has raised £7 million in a funding round led by BGF alongside existing investors Forward Partners and Educapital.

With this investment Makers will offer a wider variety of tech bootcamp and apprenticeship courses over the next three years. These will open up 5,000 opportunities in tech for people who would not otherwise have had access and provide Makers’ clients with diverse talent across their tech teams.

Founded in 2012, Makers identifies high potential career switchers without a background in tech, trains them as software engineers and helps place them with leading companies. Since its founding, the company has trained more than 3,000 people to become software engineers, successfully placing candidates with global brands including Google and Deloitte Digital.

As part of its mission, Makers is committed to championing diversity in tech. In addition to free apprenticeship programmes for students, 30% of places on its Bootcamp courses are taken as full scholarships, 40% of students are women (double the UK tech industry average) and 40% are from underrepresented ethnic backgrounds.

Led by BGF’s London-based investor Rahul Satsangi, this investment will help Makers expand its course portfolio, increasing the supply of highly trained and diverse candidates to address the significant labour gap in the UK technology industry.

Claudia Harris OBE, CEO of Makers (pictured), commented: “Ten years ago, Makers launched the first European Coding Bootcamp and five years later we continued to innovate, becoming early providers of software engineering apprenticeships. Now, with this investment, we will expand our offer across more technical disciplines, increasing the opportunity for people to switch careers into tech and enabling employers to fulfil all of their tech talent needs.

“We are driven by a vision of a tech industry that represents society and where people from all backgrounds can find work that they love. Tech shapes every aspect of our lives but is disproportionately run by people from a narrow segment of society. That needs to change. That’s why we recruit students from all backgrounds and from the day we were founded 10 years ago we have never focused on qualifications, just potential.

“We are incredibly grateful to our existing investors Forward Partners and Educapital for their continued support – and we are delighted to be working with BGF now as we take another step towards fulfilling our vision. From our early meetings it was clear that BGF’s investment team share our values and we are pleased to have their support during our next chapter.”

Rahul Satsangi, Investor at BGF, remarked: “Makers represents a unique and exciting opportunity to invest in a fast-growing mission-led business making a real difference promoting diversity in the tech sector. We are looking forward to working with Claudia and her dedicated senior leadership team to help drive the business forward in its next exciting stage of growth.”

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FSM Group has joined Ambitious People Group

Capital-A

FSM Group has joined Ambitious People Group with the backing of Investment company Capital A. Ambitious People Group has acquired a majority stake in the FSM Group, an international recruitment consultancy operating with four brands in 5 countries. Ambitious People Group is advancing its 2026 Vision through its strategy of Organic Growth, Buy-and-Build and Digitalisation.

Four brands, five countries

The current management of FSM Group will remain on board. In fact, several key managers will also join as shareholders. David Jacob, MD: “We are very excited about this partnership as it will allow us to further our growth plan in opening up new offices, new brands, and joining a very like-minded firm in Ambitious People Group”.

Continuing ambition

FSM Group has four specialized brands: James Woodman (Finance Recruitment), Eye Tech Solutions (IT Recruitment), Fuse Engineering and LEDR Executive Solutions. With nearly one hundred and fifty employees and 8 offices, the company is in five countries, with its headquarters in Brussels. FSM Group was awarded a Trends Gazelle for 2020 – an award for the fastest growing companies in Belgium – and Best Place to Work in 2022.

Strong growth

Dennis Grefkens, Ambitious People Group, CEO: “We are very impressed with the strong international growth that FSM Group has shown year after year. We believe that the ambitions of FSM perfectly fits with those of APG. Together we will continue to focus on digitalization, accelerated international growth and buy-and-build.”

About FSM Group

FSM Group (Fun, Success, Meritocracy) is an international recruitment consultancy, active in five countries, with just under one hundred and fifty employees, and eight physical offices in five countries. The Brands are James Woodman, EyeTech Solutions, Fuse Engineering and LEDR Executive Solutions. Started in Brussels in 2008, its specialized, candidate centric approach has ensured fast growth, and earmarked it as a market leader in helping candidates, clients and staff reaching their full potential.

About Ambitious People Group

Ambitious People Group is an international recruitment consultancy, active with five brands, almost two hundred employees and twenty-four offices in six countries. The brands are SAM Recruitment, Ardekay IT Recruitment, LMH Engineering, Four Life Sciences and Five Finance. Since our start in Amsterdam in 2007 we have been matching candidates and companies in different, specific sectors. Our mission is to help people and organizations to realize their ambitions. Our consultants with their specialism, deep market knowledge and large database are indispensable to make the right match. Ambitious People Group was awarded a FD Gazelle for ten consecutive years. That is an award for the fastest growing companies in the Netherlands. Grefkens: “We have doubled every four years. Together we will accelerate that growth path further.”

About Capital A

Capital A is one of the longest active private equity investors in the Netherlands, with a focus on investing in very fast (both autonomous and acquisitive) growing companies. Originally started at ABN AMRO in the 1980’s as an investment fund focused on SMEs, Capital A continued independently in 2018 with support from investors such as ABN AMRO, Five Arrows, Alpinvest, Bregal, LGT, entrepreneurs of former portfolio companies and the Capital A team itself. From offices in Amsterdam and Antwerp, Capital A manages approximately EUR 900 million in assets under management and has a portfolio of more than 30 growth companies that are predominantly active in Europe.

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Blue Horizon launches sustainable food industry jobs board and talent network

Blue Horizon

Zurich, Switzerland, 15 November 2022 – Blue Horizon, a next-generation impact investor accelerating the transition to a new Sustainable Food System, today announces the launch of an industry-leading Jobs Board and Talent Network designed to match the industry’s brightest talent with live career opportunities.    

With over 200 active job listings already, Blue Horizon’s Jobs Board is one of the largest of its kind in the sustainable food space. The listings are updated automatically so the career opportunities are always fresh, with the number of opportunities to grow as Blue Horizon’s portfolio expands and its companies mature.

Additionally, the Blue Horizon Talent Network allows individuals to privately share their career interests with Blue Horizon’s entire ecosystem of 70+ companies so they can be actively recruited.

Hiring top talent is one of the biggest challenges for many startups and these tools help to reduce the friction in hiring for the whole industry and accelerate the transition to a new sustainable food system by creating a specialist job marketplace.

Robert Boer, Director at Blue Horizon, said: “One out of five meals we’ll eat in 2035 will be made from alternative protein. However, today there are still many challenges to be solved to reach this consumer adoption. Recruiting talent is one of the biggest challenges our industry faces and with the launch of our Blue Horizon Jobs Board and Talent Network we want to address exactly that. The timing for this launch couldn’t have been any better. We currently see massive layoffs in the tech space and these are exactly the talents we need, because accelerating the transition to a new sustainable food system requires a lot of technological innovation.”

Blue Horizon Jobs Board – https://jobs.bluehorizon.com/jobs

Blue Horizon Talent Network – https://jobs.bluehorizon.com/talent-network/login

 

Blue Horizon Launches Sustainable Food Industry Jobs Board and Talent Network (pdf)

Blue Horizon lanciert branchenführende Talent-Plattform (pdf)

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Blue Horizon announces seed investment in Nucicer in a round led by Leaps by BayerrAYER

Blue Horizon

Blue Horizon today announced a Seed investment in NuCicer, an agri-food technology company pioneering ultra-high protein, non-GM chickpeas by harnessing the rich biodiversity of wild chickpea. The funding, is led by Leaps by Bayer, the impact investing arm of Bayer AG – the largest global seed company, with participation from Blue Horizon, Lever VC, and Trellis Road. The latest funding will allow NuCicer to scale production of its first-generation chickpea varieties with 75% higher protein content, targeting to reduce chickpea protein ingredient costs by 50%, and expand existing work with downstream partners and customers to bring affordable, sustainable plant proteins to end-consumers in 2023.

NuCicer’s machine learning and genome-guided breeding platform works to revolutionize the plant protein industry by increasing the protein content of chickpeas, a high-demand yet high-cost protein source, to reduce production costs and fulfil consumer demand. The technology is rooted in decades-long scientific research led by Professor Douglas Cook at UC Davis, the world’s preeminent expert on chickpea genetics and NuCicer’s co-founder and Chief Scientific Officer. With 40x more genetic diversity than commercial varieties, the Company’s vast germplasm library integrates wild chickpea genetics with elite cultivars through cross breeding, creating desirable traits that support major opportunities at every stage of the food system.

 

Long-term, the stability of the global food system relies on improving the climate resilience of crops. Chickpeas naturally possess several climate resilient traits, including high water-use efficiency and nitrogen fixation capabilities that contribute to soil regeneration. NuCicer’s genomic-guided breeding platform enables the discovery of genetic controls for key traits that further enhance climate resilience such as tolerance to heat, drought, acidic soils, and disease.

 

Nate Crosser, Principal at Blue Horizon, said: “Chickpea is one of the most exciting crops that can be re-optimized for human nutrition and natural resilience. NuCicer is clearly poised to lead this movement and to deliver a new generation of affordable, sustainable, delicious, healthy plant proteins. I’d encourage all food formulators to reach out to NuCicer to learn how ultra-high protein chickpeas can transform their product offering.”

To date, Blue Horizon has raised funds of over $850 million and invested in 75+ companies with a focus on protein alternatives and food tech. Some of the firm’s investments include Tropic Biosciences, a pioneering agricultural biotechnology company focused on a crop portfolio of bananas, coffee and rice, Planted, one of the emerging leaders of plant-based meat alternatives and Mosa Meat, which is developing tissue engineering technologies to mass produce affordable, cultured meat and dairy formulation.

Blue Horizon announces Seed investment in NuCicer in a round led by Leaps by Bayer (pdf)

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ProjectiveGroup grows further with acquisition of Dutch Charco & Dique

GIMV

8/10/2022 – 09:00 | Portfolio

Projective Group, the international consulting firm, has today announced its acquisition of the Dutch specialists in legal, risk & compliance, Charco & Dique. With this acquisition, Projective Group expands its team to about 700 experts across Europe.

Since Projective Group and Gimv joined forces in 2021, Projective Group has already made several strategic acquisitions throughout Europe. With this acquisition of Charco & Dique, Projective Group strengthens its position on the Dutch market.

The expertise and experience in legal, risk & compliance of Charco & Dique as well as their initiatives such as the Ministry of Compliance or their application Ruler brings Projective Group one step closer to becoming the one-stop-shop financial services provider in Europe.

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Audax Private Equity Announces Acquisition of DISA Global Solutions

Audax Group

Audax Private Equity (“Audax”) announced the acquisition of DISA Global Solutions, Inc. (“DISA” or the “Company”), a leading tech-enabled provider of employee screening, compliance, and workplace health & safety solutions, from Court Square Capital Partners. Financial terms of the transaction were not disclosed.

Headquartered in Houston, Texas with operations across the U.S., DISA specializes in providing a comprehensive suite of employee testing, screening, and compliance management solutions to a diverse set of end markets. The Company differentiates itself through its proprietary consortium model, speed and quality of its full suite of testing and screening services, direct-lab network, and leading proprietary technology database & customer platforms. DISA remains focused on growing organically and through acquisition, and is seeking add-on acquisitions that help to expand its geographical footprint, enter into new end-markets, and strengthen its core existing service portfolio.

John Peterson, CEO of DISA, commented, “We are thrilled to be partnering with Audax as we enter an exciting new chapter in our history. This investment will help DISA accelerate growth and expand its employee screening, compliance, and workplace health & safety solutions offerings to customers. Partnering with Audax will enhance our ability to continue doing what we do best – providing trusted solutions to our clients.”

“We are excited to work with John and the management team at DISA. Under their leadership, the Company has differentiated itself in a large and highly fragmented market by establishing a broad portfolio of comprehensive and best in class solutions. These solutions are critical in helping DISA’s customers deliver a safer workplace for both their employees and the environment,” said Young Lee, Managing Director at Audax Private Equity. “We look forward to leveraging our prior experience and working with John and the rest of the management team’s leadership to drive growth both organically and through strategic M&A.”

Beau Thomas, Managing Director at Audax Private Equity, added, “DISA is a distinguished leader in the employee screening, compliance, and workplace health & safety solutions space. We look forward to supporting the Company through investments in technology, innovation, and talent to help accelerate the platform’s growth in both existing and new verticals and to continue to provide best in class solutions for its customers.”

Harris Williams served as financial advisor to Audax and Piper Sandler and Stifel served as financial advisors to the Company. Ropes & Gray served as legal counsel to Audax and Dechert served as legal counsel to the Company.

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Change of ownership for leading migration service provider: Serco Group Plc acquires ORS Group

Equistone

Funds advised by Equistone Partners Europe (“Equistone”) have sold their majority stake in ORS Group (“ORS”), a leading European provider of immigration services in the DACH region and Italy. The company has been acquired by Serco Group Plc (“Serco”), an international governmental service provider. Equistone acquired ORS in July 2013 and helped strengthen its international presence by entering the German and Italian markets.

ORS Group – short for Organisation for Refugee Services – was established in Zurich in 1992 and specialises in offering immigration services with a focus on public customers and governments in Switzerland, Germany, Austria and Italy. The internationally recognised group, which enjoys a leading position in Europe, ensures that refugees receive professional care from their arrival and housing, through the care they receive during their asylum proceedings, to the assistance given to them with their professional and social integration. ORS Group currently has over 2,000 employees.

Equistone secured a majority stake in ORS in July 2013 and has worked in close collaboration with the management team since then to help the company expand its international presence. For example, the company successfully entered the German and Italian markets in recent years. With its sale to Serco, ORS is joining an experienced international service firm that specialises in providing migration-related services for national governments, in addition to other services.

Jürg Rötheli, CEO of ORS, states: “Demand from governments for support services in the area of migration has risen consistently in recent years. Thanks to the new partnership with Serco our customers will benefit from an even stronger global network. At the same time, we will also guarantee the same level of service and professionalism that customers have come to expect. Our new partner’s support and expertise will help us to keep developing ORS, while maintaining our commitment to quality services and high standards of care.”

David Zahnd and Stefan Maser led the transaction on behalf of Equistone. Equistone was advised by KPMG (M&A) and Vischer (Legal & Tax).

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