Plantasjen is acquiring SABA Blommor AB


Ratos’s subsidiary Plantasjen is acquiring SABA Blommor AB, one of the leading service providers of in-store solutions for flowers in Sweden. With over 700 points of sales across the country, mostly in the grocery segment, the acquisition propels Plantasjen’s journey from garden center into a leading brand for plants.

Plantasjen is strengthening its position through the acquisition of SABA Blommor AB from SABA Logistics, a Dole Food Company. The company has approximately 160 employees, and an annual turnover of approximately SEK 330m. With the acquisition Plantasjen’s offer leaps from 40 garden centers to over 700 points of sales.

“Through combining SABA’s more than 700 points of sales and competence as a leading supplier of flowers to the grocery segment, with Plantasjen’s industry leading supply-chain and know-how of plants, we will increase the availability for our customers. The acquisition is an important part of our strategy to create a unique offering with an outstanding supply-chain and increased market presence for more people to enjoy life with plants,” says Plantasjen’s CEO Jon Abrahamsson Ring.

In addition, SABA is not present in Norway and Finland where grocery sales of plants are less developed but fast growing which provides additional opportunities for Plantasjen’s growth going forward.

The acquisition is subject to approval by the relevant authorities and is expected to be completed in the second quarter of 2017

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Joining forces to challenge the dominating grocery chains

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Merger plans between Adams Matkasse and in Norway: Joining forces to challenge the dominating grocery chains

Merger plans between Adams Matkasse and in Norway: Joining forces to challenge the dominating grocery chains

The two online dinner bag providers, Adams Matkasse and are joining forces and intend to finalize a merger. With this, they will be able to challenge the three dominating grocery chains in Norway.
“Both Adams and have since the start had a strong ambition and desire to increase the competition in the Norwegian grocery market. Through this merger, we will become a real contender to the established grocery chains”, says the founder Kjetil Graver. He is convinced that the merger will result in substantial cost synergies, which is crucial to compete against the grocery chains’ scale advantages.Kjetil Graver and his co-founders are now merging the company they established in 2010 with the Bergen-based dinner bag provider Adams Matkasse. The shareholders of will receive shares in Linas Matkasse as payment. Linas Matkasse, a company backed by the Norwegian private equity firm Herkules Capital, owns more than 90% of Adams Matkasse.Adams Matkasse and have an annual revenue base of NOK 330 and 390 million and close to 25 000 and 30 000 customers respectively. The two brands will continue to operate as separate concepts, and resources will be committed to further strengthen and enhance the two brands.Adams Matkasse has 74 employees, while employs about 65 people. Both companies have during the last years focused heavily on finding local suppliers across the country who have a great sense of traditional heritage. This has contributed to additional growth and has increased employment at several smaller food suppliers outside the larger cities.

“Our disruptive business model is based on excluding expensive intermediaries like the large wholesalers. Instead, we offer high quality products delivered directly from the manufacturers. These quality conscious and traditional suppliers are too small to get shelf space at the large grocery chains. Thus, the merger will provide these manufacturers with a much greater opportunity to reach a national audience”, says Managing Director at Adams Matkasse, Veslemøy Tvedt Fredriksen.

With this transaction, Herkules takes another big bite of the Nordic grocery market. In 2015,  Herkules acquired 35% of the shares of Linas Matkasse. Linas will own 100% of the newly merged company.

“This transaction fits into our long-term strategy to focus on the grocery market both in Norway and internationally. We feel that this structure and business model can credibly challenge the established players and make money at the same time. Herkules can contribute with both growth capital and considerable industry knowledge”, says Sverre B. Flåskjer Managing Partner at Herkules Capital.

The merger is subject to approval from the Norwegian competition authority.

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Bregal Unternehmerkapital supports the online printing platform Helloprint to accelerate its growth

Bregal unternehmerkapital

The European online printing market is growing and will continue to win significant market share from offline competitors in the years to come. Rotterdam-based Helloprint is a key player in the industry and one of Europe’s fastest growing online platforms, offering more than 2,000 products via its network of over 100 international printers. To increasingly benefit from the positive market development, Helloprint has entered into a long-term partnership with Bregal Unternehmerkapital and Project A, the Berlin-based venture capital investor, who are investing several million euros to acquire a minority stake in Helloprint via their holding Onlineprinters.

This investment will provide Helloprint with additional financial and strategic resources to continue accelerating its growth and to expand its platform business more rapidly. Currently, Helloprint provides printed products to more than 150,000 customers in the Netherlands, Belgium, France, Italy, the UK, Spain, Germany and Ireland.

Helloprint will use the injection of capital to enhance its IT systems, grow its team and implement new customer acquisition efforts. Thanks to the company’s service-oriented platform model, Helloprint is able to grow without major capex investments. The new funding follows a seed financing round providing start-up capital and several million euros in series A financing by private investors.

Bregal is excited to have found another strong partner in a very promising market and is looking forward to actively supporting Helloprint in its growth ambitions.

Press contact:

Dr. Reinhard Saller
Phone: +49 89 2000 30-30

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3i announces sale of ESG generating proceeds of £30 million

3i Group plc (“3i”), and funds managed by 3i, today announce the sale of ESG, a UK based provider of testing, inspection and compliance (“TIC”) services, focused on Infrastructure, Built Environment and Energy & Waste to Socotec, a French headquartered, global leader in Inspection, Measurement, Certification and Training.

Proceeds to 3i total £30m, which represent a 23% uplift on its December 2016 valuation and a 39% uplift on its March 2016 valuation. The transaction is due to complete later this week.

Pete Wilson, Partner 3i, commented:
“During our investment period, ESG has cemented its position as the market leader in the provision of TIC services to its chosen sectors in the UK. I would like to thank Ian Sparks and his management for their significant commitment over the last few years, and I wish them well through the next phase of ESG’s growth with Socotec”.

Ian Sparks, CEO of ESG added:
“3i has been an extremely supportive partner to ESG and their in depth knowledge of the TIC sector has been invaluable in helping support our ambitious growth plans. The business is well positioned for future growth and I am looking forward to continuing to deliver for our clients as part of the Socotec group”.

3i’s advisers on the transaction were DC Advisory (financial adviser), Travers Smith (legal), KPMG (financial, pensions & IT), Deloitte (tax) and OC&C (commercial).


For further information, contact:

3i Group plc
Kathryn van der Kroft
Media enquiries
Tel: +44 20 7975 3021

Silvia Santoro
Investor enquiries
Tel: +44 20 7975 3258

Notes to editors:

About 3i Group

3i is an investment company with two complementary businesses, Private Equity and Infrastructure, specialising in core investment markets in Northern Europe and North America. For further information, please visit:

3i’s Private Equity team provides investment solutions for growing companies, backing entrepreneurs and management teams of mid-market companies with an EV typically between €100m – €500m. We back international growth plans, providing access to our network and expertise to accelerate the growth of companies across the consumer, industrials and business and technology services industries.

Regulatory information
This transaction involved a recommendation of 3i Investments plc.

Categories: News


BerGenBio heads for IPO


Investinor’s portfolio company BerGenBio announces its intention to launch an Initial Public Offering and apply for a listing on Oslo Stock Exchange.

Completion of the IPO will be subject to receiving the relevant approvals from Oslo Børs as well as prevailing equity capital market conditions.

Read the full announcement at OSE’s website.

BerGenBio is a clinical-stage biopharmaceutical company focused on developing a pipeline of first-in-class drug candidates to treat multiple aggressive cancers.

The Company has pioneered the research and understanding of the central role of Axl kinase in a broad range of aggressive cancers that spread, avoid the immune system and are resistant to existing
drugs. Tumours with these characteristics are the cause of the majority of cancer deaths.

BerGenBio is developing a number of Axl kinase inhibitors, which represents a novel approach to address the key mechanisms leading to tumours becoming malignant and
aggressive. This approach presents the Company with an opportunity to create new therapeutic options for cancer patients.

The Company is also developing a pipeline of additional Axl inhibitors, including an anti-Axl kinase antibody and antibody drug conjugate (ADC), which are currently in preclinical stage.

In addition, BerGenBio is developing companion diagnostics to identify cancer patients whose tumours express Axl kinase and are therefore more likely to respond to treatment
with Axl inhibitors.

Richard Godfrey, CEO of BerGenBio, commented:

”BerGenBio is pioneering a new approach to treating aggressive cancers based on its deep understanding of Axl biology. Our lead compound, BGB324, the only highly selective Axl
inhibitor in clinical development, has already delivered encouraging clinical data in patients with AML/MDS and NSCLC, indicating it could provide an important new improved treatment option for these indications.

The clinical collaboration with MSD announced today will allow us to assess BGB324 in combination with its immune checkpoint inhibitor KEYTRUDA. Our
planned IPO will provide BerGenBio with the funds needed to develop BGB324 through to regulatory trials and to generate significant value for shareholders. We will continue to
evaluate the optimal strategy for further development and commercialisation of BGB324, either alone or in conjunction with partners.”

Stein H. Annexstad, Chairman of the Board, commented:

“The IPO is a natural next step in the Company’s development that will help it secure a broader, long-term shareholder base. In addition, the listing will enhance BerGenBio’s
visibility among potential partners, ensure organised and regulated trading of the shares as well as provide access to the capital markets.”

Offering Highlights
The IPO will comprise a public offering to institutional and retail investors in Norway and Sweden, and a private placement to certain institutional investors internationally. The largest
existing shareholder has indicated that it will offer strong support through the IPO of the Company.

ABG Sundal Collier, Arctic Securities and DNB Markets are acting as Joint Global Coordinators and Joint Bookrunners in the IPO.

Richard Godfrey, CEO, +47 917 86 304

Petter Nielsen, CFO, +47 922 47 464

For International media enquiries
David Dible / Mark Swallow / Marine Perrier, Citigate Dewe Rogerson, +44 207 638 9571

For media enquiries in Norway
Mitra Hagen Negård, Kari Holm Hejna, First House,, +47 957 936 31
Important Notice

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.

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Bisnode acquires Global Group


Ratos’s subsidiary Bisnode is acquiring Global Group Dialog Solutions AG, a German leading marketing solutions provider. The acquisition is a key element of Bisnode’s strategy to become the most wanted partner for data and analytics in Europe. In conjunction with the transaction, Ratos is contributing approximately SEK 54m for its holding.

Bisnode is strengthening its market position through the acquisition of Global Group. The company has approximately 60 employees and its head office in Idstein, Germany. Annual sales are approximately EUR 10.5m. Through its strong customer relationships, its marketing service portfolio offering and its proprietary consumer database, Global Group is one of the leading marketing providers for the German-speaking world.

“With its proprietary consumer database and sophisticated marketing solutions capabilities, Global Group represents a key building block in continuing to deliver on Bisnode’s strategy to become the most wanted partner for data and analytics in Europe. Global Group will enable us to offer further services to our German-speaking markets, but its offering also contributes to Bisnode’s product development initiatives for the next generation of marketing solutions,” says Magnus Silfverberg, CEO of Bisnode.

The acquisition is expected to be completed at the end of April 2017.

Ratos became a principal owner of Bisnode in 2005. Today, Bisnode is one of the leading European providers of decision support, focusing on helping companies and organisations to make smart decisions.
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3i to invest €120m in Lampenwelt to support international expansion

3i Group plc – link to home page

3i Group plc (“3i”) today announces that it has agreed to invest €120m in Lampenwelt, the largest European online specialist in the lighting space. 3i will invest alongside management and one of the current owners of the business, Walter Neumüller. In addition, 3i will provide a short term refinancing loan to Lampenwelt of €54 million which is expected to be refinanced shortly after completion.

Founded in 2004 by Thomas Rebmann and his brother Andreas Rebmann, Lampenwelt is the #1 specialty online retailer of lighting products in Europe. The company is headquartered in Schlitz near Frankfurt am Main, Germany. From there, it distributes own-brand and 3rd party products to customers in 12 countries across Europe. Following the transaction, the company will retain its global headquarters in Schlitz and will continue with its plans to open a new warehouse in Schlitz in the coming months.

Lampenwelt differentiates itself from its competitors through an extensive range of over 45,000 products, in-depth product knowledge, excellent customer service and high product availability. The company generated €61m of sales in 2016, of which 45% came from outside Germany, and has grown strongly in Germany and through a steady roll-out across Europe in recent years.

3i has been following Lampenwelt’s successful growth for several years and during 2016 approached the company to discuss a potential investment in the business. 3i was therefore able to undertake its diligence outside of a formal sale process, with full access to the business and senior management. Lampenwelt’s growth plans fit well with 3i’s strategy of supporting mid-sized companies to grow internationally.

Peter Wirtz, Managing Director, 3i Germany, commented:
“We are investing in a successful company with strong growth potential. We believe there are significant opportunities for Lampenwelt to further expand internationally and build on its best-in-class digital and online marketing capabilities. We are looking forward to working with the excellent management team to realise these ambitions.”

Thomas Rebmann, CEO of Lampenwelt, added:
“We are delighted to be partnering with 3i for the next stage in our growth story. 3i has extensive experience in the consumer sector and an impressive network which will help us enlarge our footprint in Europe.”

Walter Neumüller, current co-owner of Lampenwelt, commented:
“As the owners of Lampenwelt, we originally had an investment horizon beyond 2020. However, after its direct approach, 3i convinced us that as an experienced investor they would be able to strongly support Lampenwelt in its ongoing internationalisation efforts. There is a strong cultural fit between Lampenwelt and 3i and I am glad to be able to guarantee continuity both as a co-shareholder and as a member of the Lampenwelt Board also going forward.”

Jochen Wilms, a seasoned expert in both the building supply and online industries with prior experience at Bertelsmann, Schüco and Grohe, will join the board as Executive Chairman and co-invest alongside 3i and management. Thomas and Andreas Rebmann will continue in their roles as CEO and COO respectively.

The transaction is subject to customary and anti-trust approvals.


For further information, contact:

3i Group plc
Silvia Santoro
Investor enquiries
Tel: +44 20 7975 3258

Kathryn van der Kroft
Media enquiries
Tel: +44 20 7975 3021

Notes to editors:

About Lampenwelt

Lampenwelt is the largest specialty online retailer of lighting products in Europe. Headquartered in Schlitz near Frankfurt am Main, the company generated €61m sales with around 240 employees in 2016. Lampenwelt is led by the brothers Thomas and Andreas Rebmann, who founded the company in 2004. Lampenwelt delivers over 45,000 own-brand and 3rd party products to customers in 12 countries across Europe.

About 3i Group

3i is an investment company with two complementary businesses, Private Equity and Infrastructure, specialising in core investment markets in Northern Europe and North America.

3i’s Private Equity team provides investment solutions for growing companies, backing entrepreneurs and management teams of mid-market companies with an EV typically between €100m – €500m. We back international growth plans, providing access to our network and expertise to accelerate the growth of companies across the consumer, industrials and business and technology services industries.

For further information, please visit:

Categories: News


Kinnevik invests USD 12.5 million in Livongo

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Kinnevik AB (publ) (“Kinnevik”) today announced that it has invested USD 12.5m as part of a USD 52.5m funding round in Livongo Health Inc. (“Livongo”), a California based consumer digital healthcare company helping people with diabetes to live healthier lives. Kinnevik will own 3.5% of Livongo after the funding round.

The financing was co-led by Kinnevik and existing investor General Catalyst.

Livongo is a digital chronic care management platform that provides diabetes patients with a personalized, end-to-end service, from measurement of blood glucose levels to real-time, contextual feedback and access to live coaching by certified diabetes educators. Diabetes is one of the largest chronic diseases in the world affecting more than 400 million people. Livongo is helping more than 25,000 patients manage their diabetes and counts almost 15% of Fortune 100 companies amongst its fast growing client base.

Joakim Andersson, Interim CEO of Kinnevik, commented: “Livongo is our second investment in healthcare, a sector where we see the opportunity for technology-enabled platforms to deliver better outcomes at more affordable prices. Diabetes is a large, growing and life-long condition that requires a comprehensive approach to address patient needs. We have been impressed by Livongo’s platform and their impact on the US diabetes market to date, and are delighted to partner with the team to build a global leader in chronic care management over the long-term.”

For further information, visit

Categories: News


Metronet (UK) targets superfast London growth with acquisition of Venus Business Communications


Metronet (UK), the UK’s fastest growing connectivity and internet infrastructure provider, backed by mid-market private equity firm Livingbridge, today announces its acquisition of Venus Business Communications, a leading high growth fibre network provider.

The acquisition of Venus follows Metronet (UK)’s £47.5m purchase of leading internet infrastructure and hosting company M247 in October 2016. Venus will provide the Group with access to the strategically important London market as it seeks to build a national disruptive platform with ‘last mile’ control, faster connectivity and communications to end users and a powerful transit network across Europe.

Venus will add six new strategically important datacentres to the Group’s network so that, following the acquisition, Metronet (UK)’s network is now connected to all key strategic UK data centre locations as well as 14 of the world’s largest and most important Internet Exchanges.

Founded in 2005 by telecoms entrepreneurs Brian Iddon and Justin Keery, Venus covers all of central London and the City, providing superfast, high speed fibre at up to 10 gigabit/sec, almost 100 times quicker than the leading alternative broadband connection. Venus is delivering revenues of £7.8m and supplies companies across a range of sectors including design, media, broadcast and financial services who place a particularly high value on low latency communications.

Metronet (UK) operates the most advanced hybrid ISP network in the UK and, by combining its unique offering of wireless and wired technology, is able to offer scalable connectivity solutions that are typically implemented five times quicker than traditional fibre and copper based services. As an organisation, it prides itself on connecting businesses through innovative, integrated technology for enhanced productivity. It does this through a number of complementary products and services, including; connectivity, hosting, voice and security; enabling businesses to access the tools they need to succeed on a 24/seven basis.

The combined Group will now employ around 230 people across six sites including Manchester, Newcastle, London and Bucharest. It will support almost 34,000 customers across 92 countries, from SMEs to Enterprise clients including Intu, On The Beach, Sofology and, and deliver revenues of nearly £50m.

Livingbridge first invested in Metronet (UK) in June 2014 as part of a £45m secondary buyout of the firm. Follow on funding to support the Group’s acquisition strategy and the investment in Venus has been made by the Livingbridge 5 fund.

Matthew Caffrey, Partner at Livingbridge, said:
“The acquisition of Venus neatly complements Metronet’s existing capabilities and will enable the business to build a world class wireless network in London on top of Venus’ core transit and last mile fibre capability. Metronet’s national services now include connectivity applications across the wireless and fibre spectrums as well as voice, security and hosting and we are very excited about the Group’s continued growth prospects.”

Lee Perkins, Chief Executive at Metronet (UK), said:
“Venus is a fantastic business which has established itself as a leading player in the London market thanks to its market leading levels of speed and reliability. Just as importantly, Venus has the same entrepreneurial and customer-centric culture as us so I have no doubt that it will be an excellent fit with our business.”

Brian Iddon, Director and Founder at Venus, said:
“I am immensely proud of the business we have built over the past 12 years and am excited about what we will be able to achieve as part of the Group’s wider offer. I have known Lee and the team for a number of years and feel that Metronet are the perfect fit for us as we look to build on the strong momentum we have generated to date.”

Categories: News


Onlineprinters to Acquire Leading UK Online Printer Solopress

Bregal unternehmerkapital

Investment in strongly growing UK market

Essex / Neustadt a. d. Aisch – Onlineprinters, one of Europe’s largest B2B online printing companies, is about to acquire Solopress, a leading player in the UK online printing market. Solopress was founded in 2004 and has grown significantly in recent years reaching 225 employees in 2016. With “print delivered tomorrow” Solopress is uniquely positioned to fulfil customer demand for speed and quality. Solopress’ founders Aron Priest and Andy Smith will continue to lead Solopress as Managing Directors and become shareholders of Onlineprinters Group. Last year Bregal Unternehmerkapital became the new majority shareholder of Onlineprinters partnering with Project A and founder Walter Meyer to lead the company to its next phase of growth.

The parties involved in the acquisition have agreed not to disclose details of the transaction.

Onlineprinters was one of the First Movers in online printing, and in 2016 produced over 2.1 billion printed items. Having expanded its clientele by 100,000 new customers in 2016, the company welcomed its 600,000th customer in January 2017 and currently has more than 650 employees. Onlineprinters CEO Dr. Michael Fries commented about the deal, “We are glad that Solopress with its premier position in the UK market will become part of the Onlineprinters Group. The experience of the founders Aron Priest and Andy Smith will be instrumental in developing our UK business and helping to further develop Onlineprinters as a European leader in online printing.”

“With Onlineprinters we have found a partner who is one of the pre-eminent international players within the European online printing sector. The Onlineprinters Group provides the right framework to continue the successful development of Solopress,” says Solopress’ Co-Founder Aron Priest.

Growth strategy

The UK is one of the major European printing markets which has recently begun to accelerate in the transition to online print. “With Solopress we have a partner with a well established brand in the UK, a broad customer base, knowledge of the market and an efficient production facility, with high quality standards. The acquisition of Solopress strengthens the market position of Onlineprinters as one of Europe’s Top-5 online print providers,” explains Dr. Michael Fries.

Award winning quality and service

Solopress has grown year-on-year and won seven prestigious awards, including ‘Business of the Year’ and ‘Business to Business of the Year’. Onlineprinters was awarded for excellent customer service several times in the past few years and has earned many commendations by renowned media outlets.

About Onlineprinters

Onlineprinters GmbH is one of Europe’s top online print providers. In line with the motto “Print simply online!“ the company sells printed products to 600,000 customers in 30 European countries through its 16 web shops. Internationally, the company is known under the brand name “Onlineprinters“; in Germany it operates under the name ““. The product range comprises of 1,400 printed products from business cards, stationery and flyers to catalogues, brochures and large-format advertising systems. The formula to successfully produce customised prints in terms of Industry 4.0 rests on three pillars: online sales, fully integrated production from ordering to shipping and gang run printing. The latter uses so-called combined forms to collectively produce print jobs, therefore minimising costs and reducing the environmental impact. Selected products allow customers to choose the option of same day printing (produced on the same working day), overnight delivery, climate neutral production and custom size specification. Onlineprinters GmbH employs 650 staff and produces over two billion printed items per year.

About Solopress

Solopress is one of the UKs largest independent online printers, offering a wide range of business related printed products, including business cards, leaflets, brochures, posters and banners. With the maxim “Print Delivered Tomorrow” the company ships over 85% of its print jobs within 24 hours of being ordered. Last year alone Solopress produced over 300,000 online orders, and hit the 1,000,000th order milestone in October 2016. Within Solopress’ two sites covering more than 63,000 sq ft. the company boasts an impressive plant list including; 7 Heidelberg Speedmasters, 5 Xerox iGens and 9 Polar guillotines. These machines combined with an internally developed workflow and superb customer service (rated Excellent on Trustpilot with over 8,500 reviews) have seen Solopress achieve double digit growth for twelve consecutive years.

About Bregal Unternehmerkapital

Bregal Unternehmerkapital is part of a family-owned business that has been built up over generations. Its investment activity is based on long-term commitment and independent of developments in the financial markets. Bregal Unternehmerkapital identifies companies, with strong management teams, that are regarded as market leaders or “hidden champions” in their particular segment. Flexible financing and transaction structures enable it to acquire both minority and majority stakes. In doing so, Bregal Unternehmerkapital is also able to handle complex industry spin-offs, management buy-outs and succession situations in a sensitive, non-dogmatic manner. Bregal Unternehmerkapital aims to help companies to achieve a sustained improvement in sales and profitability, and provides them with capital, proven financial expertise and access to a broad network of entrepreneurs and industry experts.

About Project A

Project A is an operational VC that provides its ventures with capital, an extensive network and exclusive access to a wide range of operational expertise. The Berlin-based investor makes use of the €260m in assets under its management to back early-stage companies in the digital technology space. With its unique organizational structure featuring 100 operational experts, Project A offers its portfolio companies hands-on support in the areas of IT, Marketing & Brand Building, Business Intelligence, Sales and Recruiting. The portfolio includes companies such as Catawiki, WorldRemit, Tictail, Contorion, nu3, and ZenMate. More about Project A on  and on our blog

Press contact Onlineprinters

Onlineprinters GmbH
Patrick Piecha
Head of Press & Public Relations
Phone:    +49 9161 6209807
+49 174 3077250

Press contact Solopress

Julia Murray
Digital Marketing Manager
Phone:    +44 1702 460047
+44 7702 202580

Press contact Bregal Unternehmerkapital

Dr Reinhard Saller / Florian Bergmann
Phone:      +49 89 2000 30-30

Press contact Project A

Project A
Konstanze Pflüger
Corporate Communications
Phone:      +49 30 340 606 321

Categories: News