Monthly Archives: November 2017

Ratos AB: Daniel Juhlin appointed new CEO of Plantasjen

Ratos

Daniel Juhlin has been appointed new CEO of Plantasjen, the Nordic region’s leading chain for sales of plants and gardening accessories. Daniel Juhlin has extensive experience from the consumer goods and retail sector, most recently as CEO of Byggmax AB, which is part of Byggmax Group AB. He will assume the position in December this year.

Daniel Juhlin has more than 15 years of experience from the consumer goods and retail sector. He most recently served as CEO of Byggmax AB, part of Byggmax Group AB, prior to this he was deputy CEO of Byggmax Group AB and Head of Marketing- and IT/online. Earlier positions include CEO of Candyking Sverige AB and CEO of Friggs AB. He is 43 years old and holds a MSc in Industrial Management from the Royal Institute of Technology in Stockholm. Daniel will assume his position as CEO of Plantasjen in December.

“In recent years, Plantasjen has implemented a number of initiatives, such as the launch of small-format store concepts, changes to the supply chain and the acquisition of SABA Blommor AB. Daniel will contribute to Plantasjen’s onward journey through his previous experience from consumer product companies and working in sales development, operational improvements and e-commerce focusing on the customer. His background is suitable for Plantasjen’s plans to develop e-commerce solutions and thereby renew its customer offering with the goal of improving customer satisfaction,” says Magnus Agervald, CEO of Ratos and company executive of Plantasjen.

Plantasjen was acquired in 2016 and is the Nordic region’s leading chain for sales of plants and gardening accessories with around 120 stores in Norway, Sweden and Finland and a primary focus on consumers. Sales amounted to NOK 3,624m and adjusted EBITA to NOK 293m in 2016. 

For further information, please contact:

Magnus Agervald, CEO Ratos, +46 8 700 17 00

Hilde Britt Mellbye, Chairman of the Board Plantasjen, +47 997 16 617
Helene Gustafsson, Head of IR and Press, +46 8 700 17 98

Financial calendar from Ratos:
Interim report January-September 2017       14 November 2017
Year-end report 2017                                    16 February 2018
Interim report January-March 2018               3 May 2018
Interim report January-June 2018                 17 August 2018
Interim report January-September 2018        25 October 2018

Ratos is an investment company that owns and develops unlisted medium-sized companies in the Nordic countries. Our goal as an active owner is to contribute to long-term and sustainable business development in the companies we invest in and to make value-generating transactions. Ratos’s portfolio consists of 14 medium-sized Nordic companies and the largest segments in terms of sales are Industrials, Consumer goods/Commerce and Construction. Ratos is listed on Nasdaq Stockholm and has a total of approximately 13,400 employees.

 

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AURELIUS acquires Cargill’s Switzerland-based animal feed business

Aurelius

  • Extensive product and service know-how in animal feed with state-of-the-art production sites in Switzerland
  • AURELIUS’ positioning as expert in complex carve-out situations again re-confirmed

Munich, November 6, 2017 – AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) acquires Cargill’s animal nutrition business in Switzerland. Cargill is a leader in animal nutrition in Europe and remains committed to that market, offering a range of compound feed, premixes, feed additives, supply chain and risk management solutions as well as software tools. Cargill generated revenues of roughly EUR 130 million in FY 2017 (ending May 31, 2017). The parties agreed not to disclose the purchase price. The transaction was signed and closed on November 6, 2017.

Cargill is a leading player in the Swiss market for animal feed with production sites in Lucens, Gossau, and Kaiseraugst. The company produces premix as well as complete feed for major species such as poultry, swine, and cattle. The Swiss product offering includes specialty feed for pets, horses, zoo animals and medicated feed. Cargill employs about 250 people who will be transitioned under existing contracts, and operates three well-equipped, state-of-the-art animal feed production sites across Switzerland, among them a new facility constructed in 2016 at its location in Lucens.

In the upcoming months, AURELIUS operational experts will support management in executing a carve-out from Cargill ensuring minimal distraction to the company’s Swiss-based animal nutrition  business, thus helping management and employees to fully focus on its customers.

“We have been able to again successfully establish AURELIUS as the preferred partner in a complex carve-out of a non-core business,” said Dr. Dirk Markus, Chairman of the Executive Board of AURELIUS Equity Opportunities. “2017 continues to be a very busy year for us. We anticipate further transactions until year-end.”

“We are confident in AURELIUS’s ability to take over ownership and continue delivering in the best long-term interest of both our customers and employees,” said Phil Graham, Group Director, Cargill. “Cargill remains committed to the European, and more specifically the Swiss market, where we have been active since 1956.”

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Eneas completes add-on acquisitions

Norvestor

Eneas Group Holding AS (“Eneas”), majority owned by Norvestor VII, L.P., has acquired Enegia Market Services OY and Enegia Sweden AB (collectively “Enegia Market Services”) and Yrittäjäin Sähkönhankinta Oy (“Sähkönhankinta”)in Finland.

With these two acquisitions, Eneas significantly strengthens its position as the leading Nordic energy intermediary for SMEs. Enegia Market Services is a leading independent energy intermediary for SMEs in the Finnish electricity market with presence also in Sweden, and until now a division of Enegia Group Oy.

Enegia Market Services offers its customer base of approximately 14,000 SMEs active procurement services. Estimated 2017 revenue for Enegia Market Services is EUR 4.7 million. In May 2017, Eneas acquired Sähkönhankinta, an independent energy intermediary for SMEs in the Finnish electricity market with approximately 3,000 customers. Following these acquisitions, Eneas provides active energy procurement services to more than 30,000 customers in the Nordics, with a combined energy consumption of approximately 7.0TWh. Eneas also offers Smart Metering and Energy Audit services. “We are very pleased to announce the acquisition of Enegia Market Services.

Following our acquisition of Sähkönhankinta, acquiring Enegia Market Services is a natural next step for the Eneas Group, which already has strong market positions in Norway and Sweden. We look forward to working with suppliers and employees – new and old –to further improve and expand the services provided to customers in Finland. Through this acquisition Eneas strengthens its’ position as the clear market leader in energy brokerage and energy services to SME businesses in the Nordics” , says Thomas Hakavik, CEO of Eneas Group.

“Since The greenfield establishment in Finland in 2016, followed by the two acquisitions, Eneas has now become market leader within active energy procurement services to SMEs also in Finland. We look forward to leveraging our product platform and Nordic position further, to the benefit of all our customers”, says Fredrik Korterud, Partner at Norvestor Equity and chairman of Eneas.

For further information:

Fredrik Korterud, Partner Norvestor Equity

Telephone: +47402 11 402

Email: fredrik.korterud@norvestor.com

Thomas Hakavik, CEO Eneas Group

Telephone: +47913 68511

Email: thomas@eneas.no

Rebecca Schau, Investor Relations Manager, Norvestor Equity

Tel.: +47 959 29 314

Email: rebecca.schau@norvestor.com

Eneas was founded in 1995 and has grown to become the leading Nordic independent electricity intermediary for SMEs, serving customers in industry, commercial and government segments. Eneas has 170 employees located in offices in Drammen,Trondheim, Östersund, Hämeenlinna and Tampere. In 1998 Eneas expanded into Sweden and has since then been able to steadily grow their customer base through their Energy Audit, Energy Broker and Smart Metering service offerings. Today, Eneas has over 30,000 SME customers across Sweden , Norway and Finland.

Read more at www.eneas.no

 

Norvestor Equity

is a leading private equity company focusing on lower mid-market buyouts in the Nordic region. The team has worked together since 1991 making it one of the most experienced private equity teams in Norway, having executed 66 investments with 260 follow-on M&A transactions, in addition to executing 43 exits including 14 IPOs. Norvestor focuses on investment opportunities in growth companies, making platform investments principally in Norway and Sweden, with potential to achieve a leading Nordic or international position either through organic growth, through acquisitions or by expanding into new countries. Funds advised by Norvest or are currently invested in the following portfolio companies; Johnson Metall, Sentech (formerly Advantec Sensing), Apsis, Aptilo, Cegal, Marine Aluminium, Crayon, Robust, iSurvey, Future Production, Nomor, PG Flow Solutions, Roadworks, Permascand, 4Service, HydraWell, Eneas, Presserv, Nordic Camping & Resort, READ Cased Hole, IT Gården,NetNordic and Wexus.

Read more at www.norvestor.com

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CSAM Health AS announces agreement to aquire Databyrån AB

Priveq

The agreed Acquisition of ProSang company strengthens CSAM’s position as the leading provider of specialized solutions in the Nordic eHealth Market.

OSLO, Norway

(November 1st , 2017) – CSAM Health AS announced today that it has signed an agreement to acquire the Swedish company Databyrån AB, makers of ProSang. With this acquisition, CSAM adds an exciting new specialized product area to its leading portfolio of eHealth niche solutions in the Nordics.

ProSang is an advanced Laboratory Information Management System (LIMS) that simplifies the entire management of blood – from blood donor call–up to transfusion. Since its inception in 1965, Databyrån AB has grown to achieve a leading market position within the Nordics. Today, more than 180 blood centres and several clinical immunology and transplantation departments use ProSang.

“Databyrån AB has established loyal and satisfied user groups in many countries, and I am incredibly impressed by what their team has accomplished with ProSang,” said Sverre Flatby, CEO of CSAM. “We are proud that the owners of ProSang have chosen to join the CSAM team, and we look forward to welcoming them and working together to secure further growth and export.”

“To continue the journey towards our ambitious vision, I am confident that CSAM is the best home for ProSang, Databyrån’s employees, and our customers,” said Daniel Wiman, Press release November 1st, 2017

Chairman of Databyrån AB. “Today’s agreement ensures that our employees can continue working as a specialized team, while benefitting from the shared services CSAM provides, and strengthening our sales and development capabilities.” The Databyrån AB transaction reinforces CSAM’s focus on accelerating growth through strategic acquisitions, strengthening the company’s portfolio of niche products and their leadership position in the Nordic eHealth market.

About CSAM Health AS

CSAM is a privately-owned eHealth company delivering software solutions that enable healthcare providers to access relevant clinical information at the point of care. CSAM’s headquarters are located in Oslo, Norway, with local offices in Stockholm, Gothenburg, Helsinki, Oulu, Tampere, and London. The company also has a fully owned software engineering subsidiary in the Philippines. CSAM has established itself as a leading Nordic niche player in the specialized eHealth market, with a unique blend of best-in-class innovative technology and outstanding human skills. Backed by strong financial owners, CSAM aspires to achieve continued growth both organically and through selected mergers and acquisitions.

For more information, visit csamhealth.com

About Databyrån AB

Databyrån AB is based in Sweden and serves healthcare professionals across the Nordics. Founded in 1965, the company is a leader in software development for transfusion medicine, developing strong relationships with its users. Databyrån AB’s clients span the fields of transfusion medicine, immunology, transplantation immunology, and tissue management.

For more information, visit databyran.se and prosang.com

For more information, please contact:

Daniel Wiman

Chairman, Databyrån AB

+46 70-482 77 57

 

daniel.wiman@databyran.se

Sverre Flatby

Group CEO, CSAM Health AS

+47 9159 9159

sverre.flatby@csamhealth.com

 

 

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Piab acquires SAS Automation – makes strategic entry into the mechanical gripping segment

eqt

EQT VII portfolio company Piab is a global technology leader within industrial automation and robot components. Founded in 1951 by the Swedish Tell family, Piab supplies a broad set of vacuum ejectors, conveyors and suction cups for lifting and holding objects in automated factory processes. Piab’s products drive productivity and energy-efficiency, and improve the working environments for customers across a broad range of end-markets.

Underlying megatrends, including an increasing number of manufacturing sectors prone for automation, higher wages and productivity requirements, alongside a rapidly growing global e-commerce market are all supporting an increasing demand for automation and robotization in the smart factory. The company’s line-critical products are used across multiple industries, primarily within packaging, automotive, food and pharmaceuticals. The importance of cost-efficiency and work environment within these industries underpin Piab’s strong growth trajectory.

“Since EQT VII acquired Piab in January 2016, management has accelerated measures to strengthen Piab’s position, both organically and through the acquisitions of adjacent technology leaders Kenos and Vaculex. With the three completed add-ons so far including SAS Automation, we see clear revenue synergies enabled by offering an expanded product portfolio through the existing channel network. Piab will now be able to respond to customers demand for a single supplier of both vacuum-based and mechanical gripping technology”, says Harry Klagsbrun, Partner and Investment Advisor to EQT VII.

The eastern growth opportunity

With the add-on of SAS Automation, Piab takes an important step forward to becoming a one-stop gripper shop, while in parallel fortifying its presence across North America. Similarly, Piab has strengthened the management team in Asia and are accelerating growth in the region, particularly in China. As the country is expected to be the number one global consumer of industrial and collaborative robot systems going forward, it is natural that it is one of Piab’s focus markets for continued global expansion.

“China alone expects to enjoy a 20% annual growth of industrial robots over the foreseeable future, which is one of many reasons for why we feel confident that the market hold significant growth potential for our business. In order to be able to capture this growth, we have over the last year scaled up our operations with both strengthened regional and local leadership”, says Anders Lindqvist, CEO at Piab.

Investments in R&D and commercial excellence

With some 60 years of experience, Piab is the frontrunner in a highly fragmented market. With more than 50% of sales generated from patented products, Piab enjoys a technology leadership with innovative, high-quality and mission-critical products in an environment where customers continuously require new technology solutions. Supported by EQT VII, Piab continues to drive for advancements in R&D with the ambition to future-proof the business through an increasingly diversified product offering.

Recent launches across segments include a new vacuum conveyor dedicated to fragile products, food contact suction cups and the new piCOMPACT all-in-one vacuum ejector. The piCOMPACT with IO-link demonstrates Piab’s strong potential within Industry 4.0. Condition information is sent real-time to the operator enabling predictive maintenance and auto-orders. Looking ahead, Piab has a well-stocked product pipeline with new launches across all product segments.

In addition to leadership improvements across Asia, Piab’s management team has recently been further strengthened with senior and second-level leadership in the US, Europe, and Latin America. To truly stay local-with-locals and secure the necessary expertise on the ground, Piab has reinforced its regional commercial organization in the US, Germany, Brazil and Spain, both through a growing direct sales force as well as a broader distributor network.

Piab

Piab’s entry into mechanical gripping through the acquisition of SAS Automation, the acceleration of growth in China, as well as increased investments into R&D and commercial excellence are all key parts in delivering on Piab’s long-term strategy, which is well on track.

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Deutsche Beteiligungs AG: Cleanpart Group sells healthcare business

Deutsche Beteiligungs AG

Sales of Healthcare division tripled in space of two years
•    Focus on semiconductor industry business
•    Objective: Expansion of market position in the US

Frankfurt am Main, Germany, 3 November 2017. Cleanpart Group GmbH, a company in the Deutschen Beteiligungs AG (DBAG) portfolio, will in future focus on providing services for the semiconductor industry and is therefore selling its healthcare business. The buyer is VAMED, a hospital services provider, majority owned by Fresenius SE & Co. KGaA. In April 2015, DBAG invested in Cleanpart alongside DBAG Fund VI for which it provides consultation; the fund had acquired the company as part of the company’s successor solution. The partial sale has been completed with an attractive valuation; it reflects the company’s development, the good course of business in the last two years and the positive outlook for the coming years. The valuation is above that of the investment value in the last interim report published by DBAG. The rise in value has already been taken into consideration in the current DBAG forecast for the 2016/2017 financial year (30 September, preliminary figures will be published on 23 November 2017).

Cleanpart Group (www.cleanpart.com) generated over 20 percent of its revenues with its healthcare business. The company prepared reusable medical products for hospitals as an external service provider. Services included manual and mechanical instrument cleaning and sterilisation as well as repair and maintenance. Cleanpart also provided hospital operators with planning and construction consultation as well as advice for the operation of central sterilisation. The healthcare business has shown very positive development over the last two years: revenues have trebled, internally, thanks to measures to broaden the service portfolio, and externally, thanks to the acquisition of a competitor. Investments were also made in a new site to expand capacity.

“The market environment in our core business – the semiconductor industry – is excellent and offers great growth opportunities with existing and new customers,” explains Dr Udo Nothelfer, Chairman of the Cleanpart Management Board. “We want to make the most of these opportunities by focussing on our core business.” This is due to the sustained high level of investment in the development of new semiconductor manufacturing facilities and the good capacity utilisation levels of existing production facilities. Cleanpart maintains process-critical components in machines that are primarily used in the production of logic chips, memory chips, etc. Since these components become contaminated and wear out, they must be regularly decontaminated, cleaned and coated to ensure that they meet the extreme purity and performance requirements in the production processes of chip manufacturers. This also extends the components’ useful lives.

Torsten Grede, Spokesman of the DBAG Board of Management, commented on the partial sale: “Cleanpart has a solid foundation and a leading market position in Europe – we will now assist the company’s management in expanding its market position in the US with a strategy based on high technological differentiation.”

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Scanship delivers a strong third quarter

Scanship delivers a strong third quarter

Scanship Holding ASA released their operational update for Q3 2017 yesterday. The strong performance continues and the company reported revenues of NOK 60.3m (Q3 2016 NOK 48.4m) and a solid EBITDA of NOK 9.3m (Q3 2016 NOK 1.9m), representing a margin of 15.3% (up from 3.9% in the same quarter last year).

“The positive results we now see are evidence of our consistent and systematic approach to operational improvements in every part of our business”, says Henrik Badin, CEO of Scanship Holding ASA

Sales and revenues are also growing, reflecting increased demand in the market for advanced environmental technologies and solutions for cleaner oceans. Shipowners and yards involved in the international cruise industry continue to be the main customer segment, but the company has also recently experienced increased attention from other industries, such as fish farming.

Order backlog at the end of September was NOK 328 million. This does not include a contract with the yard STX France for delivery to the world’s largest cruise ship, Royal Caribbean’s fifth Oasis-class vessel. This was confirmed on 4 October and takes the backlog level back to approximately the same as at the end of the second quarter this year.

“As demand for our technology and solutions increases, we will continue our quest for profitable growth by delivering world-class environmental technologies and solutions”, says Henrik Badin.

Scanship is part of Reiten | CO

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Johan Hjertonsson succeeds Jan Svensson as CEO for Latour on September 1, 2019

Latour logo

Jan Svensson, CEO for Investment AB Latour since 2003, will leave on August 31, 2019.

The Board of Directors in Latour has appointed Johan Hjertonsson new CEO for Latour with the beginning from September 1, 2019. Johan Hjertonsson, 49 years old, is since 2009 CEO for AB Fagerhult and has previously been the CEO for Lammhults Design Group AB, and has had a number of different leading positions within Electrolux Group within marketing and product development. Johan Hjertonsson is today board member of Sweco AB and Nord-Lock International AB among others.

“The Board of Latour is happy to announce that Johan Hjertonsson is appointed to be the next CEO of Latour. As the main shareholder, Latour has had the benefit to follow AB Fagerhult’s successful development under Johan´s leadership. Johan is a much appreciated leader with the ability to build successful companies in an international environment. Johan has all the qualities that are required to continue to develop Latour´s strategy as a long-term owner for companies with proprietary products with an increasing global presence,” says Olle Nordström, Chairman of Latour.

“It is with great joy and confidence that I have accepted the offer to lead Latour going forward. Before I start, my intention is to leave my present commitment in the best possible way, and I will gradually increase my engagement in Latour, for instance by joining some of the boards in Latour’s holdings during 2018”, says Johan Hjertonsson.

“Under the leadership of Jan Svensson, Latour has had a very strong development. The wholly owned industrial operations has undergone a major change, and consists today of internationally successful companies still with high development potential. On top of that, Latour is the principal shareholder in ten listed companies, of which many has been added during Jan Svensson´s time as CEO. The total return for Latour´s shareholders amounts to around 1,500 per cent since he started, almost three times better than other listed companies on average”, say Olle Nordström.

“Our intention is that Jan Svensson, after leaving as CEO and board member of Latour, will remain in the Board for a number of Latour´s listed holdings. The Douglas family, principal owners of Latour, has expressed the wish for a continued co-operation through assigning Jan Svensson as the family’s representative from September 2019 an onwards in the nomination committee of Investment AB Latour”, says Carl Douglas and Eric Douglas in a comment.

 

Göteborg, October 26, 2017

 

INVESTMENT AB LATOUR (PUBL)

Jan Svensson, CEO

 

For further information, please contact:

Olle Nordström, Chariman of the Latour Board, +46 709 40 70 83

Johan Hjertonsson, CEO Latour from September 2019, +46 702 29 77 93

Jan Svensson, CEO Latour, +46 705 77 16 40

 

Investment AB Latour is a mixed investment company consisting primarily of wholly-owned industrial operations and an investment portfolio of listed holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of ten substantial holdings with a market value of about SEK 49 billion. The wholly-owned industrial operations generated a turnover of approximately SEK 8 billion in 2016.

 

Categories: People

NPM Capital and Hillenraad Partners join forces

NPM Capital

NPM Capital and Hillenraad Partners, market leader in the field of strategy and additional services for the horticulture sector, will work closely with each other in the coming years to further strengthen the position of the Dutch horticulture sector at the international level. The combination of long-term growth capital (NPM Capital) and unique knowledge of the sector (Hillenraad Partners) has the potential to fast-track developments in Dutch horticulture, say the two parties.

Hillenraad Partners advises ambitious companies in the food, horticulture, supply and starting materials sectors, which are characterised by upscaling and internationalisation. “Access to non-bank growth capital is increasingly frequently part of the (complex) financing issues this involves. With its long-term investment horizon and active involvement on the path towards such upscaling, NPM Capital is uniquely qualified in that area,” says Martien Penning, managing partner at Hillenraad Partners.

NPM Capital has already been active in the food and agri sectors for a considerable time and sees many opportunities for investments in new growth platforms. Rutger Ruigrok, managing director of NPM Capital, welcomes this far-reaching cooperation: “Together with Hillenraad Partners, we can now much more selectively target businesses with a long-term growth strategy, be it organic or based on a buy-and-build approach. Moreover, the rapid, often disruptive technological developments in the sector provide a perfect match for our investment focus.” In the period ahead, Hillenraad Partners and NPM Capital will define the specifics of their cooperation and the potential development of a strategic portfolio in further detail. The expertise bundled in the Hillenraad100 forms a perfect starting point for this.

About the Hillenraad100 and leading entrepreneurship

The Hillenraad100 provides an annual overview of the 100 leading companies in the knowledge- and capital-intensive greenhouse and horticulture industries. The list paints a picture of the full cluster, divided into seven segments. Ever since 2003, the Hillenraad100 has been the monitor when it comes to developments in the Dutch horticultural industry. The Hillenraad100 observes, interprets and looks ahead. Only 1% of the companies in the Dutch horticulture industry make it into the Hillenraad100. A listing in the Hillenraad100 is an acknowledgement of leading entrepreneurship. These companies show vision, daring and entrepreneurship and are a guiding light in the sector. The Hillenraad100 research team analyses the companies’ performance on the basis of a unique and proprietary business model that is continually adapted. Supported by a specialised Committee of Experts, the Hillenraad100 selectively determines key trends for the future and evaluates how businesses pro-actively respond to them.

The new listings were announced at the Hortigala of the Year on Friday, 3 November 2017. This is an important “photo opportunity” for the horticultural industry.

More information: www.hillenraadpartners.nl and www.hillenraad100.nl

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Constantia Flexibles completes sale of Labels division to Multi-Color

Wendel

Wendel welcomes the completion of the sale of Constantia Flexibles’ Labels division to Multi-Color Corporation (Nasdaq:LABL) for an enterprise value of approximately €1.15 billion ($1.3 billion). All required regulatory authorities have cleared

the transaction. Constantia Flexibles has received c. €830 million in cash and will continue to participate in the future success story of Multi-Color through a 16.6% shareholding.

The transaction brings together the high-performing Food and Beverage business of Constantia Flexibles’ Labels division with Multi-Color’s strong Wine & Spirit and Home & Personal Care platforms, as well as an emerging global position in Healthcare. The combined annual revenues of the two businesses will be approximately $1.7 billion.

Frédéric Lemoine, Chairman of Wendel’s Executive Board, said: “With this high-quality transaction, Constantia Flexibles has generated new financial resources that will enable it to continue making acquisitions in the area of flexible packaging. In addition, Constantia will retain economic exposure to growth in the labels industry through its stake in Multi-Color. Finally, the transaction expresses clear strategic choices and their potential to create future value.

Successfully closing this deal was among the objectives I wanted to achieve before leaving Wendel.” This transaction will make a positive contribution to long-term value creation at Constantia Flexibles, which is 60.5% owned by Wendel, its majority shareholder.

 

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