Monthly Archives: August 2018

Headway’s latest fund completes second investment

Headway

GP restructuring of Spanish fund in partnership with Alter Capital

Headway Capital Partners LLP (“Headway”) is pleased to announce the closing of the latest secondary investment of its advised fund, HIP IV SCSp (“HIP IV”). HIP IV has completed the GP restructuring of a fund managed by Alter Capital, a Seville-based general partner. Headway worked closely with Alter Capital and has established a new vehicle, Alter Cap II SCR, SA (“Alter II”), to purchase the portfolio from Alter Capital’s previous fund and provide follow-on investment to drive further growth in the companies. The lead limited partner of the previous fund was a government-backed entity which supports growth in the Andalusia region and wished to generate liquidity now that the companies have matured since its original investment, whilst ensuring that the companies would have a new partner that could continue to support their growth; Headway was able to provide a solution that addressed the need of every party involved. Specific terms of the transaction were not disclosed.
Sebastian Junoy, founding partner of Headway, commented “We are delighted to partner with Alter Capital, who bring valuable experience in the region, deep knowledge of the portfolio companies and close relationships with their excellent management teams, to purchase this diversified and attractive portfolio. We believe our investment will allow the companies to realize their significant upside potential.”
Angel Gonzalez, Partner of Alter Capital, said “We are very pleased to work with Headway. Their significant expertise in GP restructuring transactions has provided us with a complete solution and we are excited to begin our partnership with them to maximize the potential of our portfolio.”

About Headway: Headway is an independent private equity secondary firm providing a full range of liquidity solutions to investors seeking exits or alternatives for their private equity assets. Headway purchases portfolios of direct private equity investments, minority stakes in single companies and limited partnership positions in private equity funds. Headway also supports general partners in fund restructurings and can provide funds with additional capital for investment through structured secondary transactions. Headway specialises in small to mid-size secondary transactions and invests globally with a focus on Western Europe and North America.

Headway Capital Partners LLP
250 Tottenham Court Road, 2nd Floor, London W1T 7QZ
Phone: +44 20 7518 8888 Fax: +44 20 7900 3160
Email: info@headwaycap.com
Authorised and regulated by the Financial Conduct Authority. Registered in England and Wales. Registered Number OC306661.

About Alter Capital: Alter Capital is a Seville-based general partner which specializes in investing in growth companies in the region and takes active board roles, working closely with the management teams. Alter’s principals have significant experience in investing in Spain and are currently focused on the Andalusia region. The current portfolio consists of investments in the business services, healthcare and dental sectors.

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TeleComputing acquires Swedish IT-company Excanto

ik-investment-partners

TeleComputing, a leading provider of centralised IT operations, outsourcing and system integration in the Nordic SME market, has acquired Excanto. Excanto is an industry leader in IT-solutions for real estate in Sweden, providing  swift access to the internet through its own fiber networks, and offering secure and high-speed infrastructure.

TeleComputing was acquired by the IK VII Fund in March 2016.

For more information, please see www.telecomputing.no 

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Nordic Capital acquires Macrobond – one of the leading providers of macroeconomic analytical solutions

Nordic Capital

Nordic Capital will support Macrobond in its vision to become the global platform of choice for people working in financial and economic research.Nordic Capital acquires Macrobond - one of the leading providers of macroeconomic analytical solutions Image

Nordic Capital Fund IX announces its acquisition of Macrobond, one of the world’s leading providers of research systems and macroeconomic and financial time series data from primary and third-party sources. Nordic Capital will support Macrobond on its growth journey and will invest to further strengthen the company’s market position. The company’s management team and also founders are reinvesting alongside Nordic Capital. This acquisition is the fifth investment by Nordic Capital’s latest fund, Fund IX, and builds on Nordic Capital’s recognised expertise and outstanding track record in the fintech sector.

Macrobond was founded in 2008 in Malmö, Sweden, with the intention of developing a better way for people to perform economic and financial research. Today, customers include central banks, investment banks, hedge funds, corporates, asset managers and universities. The company is well-positioned in an attractive segment of the global information services market, which is experiencing growth driven by strong industry trends such as productivity, user friendliness and integrated solutions. Macrobond has 156 employees, of which 90 are employed in data acquisition and development teams and offices in Europe, Asia, and the United States.

The company has developed a global and scalable SaaS application that offers an extensive database of macroeconomic and financial time series data coupled with powerful and dynamic analysis and charting tools. The application enables users to access and navigate time-series data and to mine data faster, automate repetitive tasks and simplify the workflow.

“Nordic Capital is one of the most prominent and experienced investors in the fintech sector in the Nordic region and therefore the ideal partner to continue supporting Macrobond’s growth strategy. With our unique database, tailored access and applications, they will support us as we continue to realise our vision to become the platform of choice for people working in financial and economic research worldwide,” says Tomas Liljeborg, CEO, Macrobond.

“The demand of financial big data analysis and visualisation is increasing continuously and Macrobond’s management team has an outstanding proven track record in financial software analytics. We look forward to working with them to expand Macrobond’s offering and its leadership as the platform of choice. With our long-term experience of accelerating growth in companies, we are confident that Nordic Capital is a great partner to support Macrobond on its growth journey,” says Fredrik Näslund, Partner at the Advisor to the Nordic Capital Funds.

The parties have agreed to not disclose the financial details of the transaction.

Nordic Capital was advised by a group of leading international advisory firms including Arma Partners and KPMG.

 

Media contacts:

 

Nordic Capital

Elin Ljung, Director of Communication and Sustainability
Advisor to the Nordic Capital Funds
Tel: +46 8 440 50 50
e-mail: elin.ljung@nordiccapital.com

Macrobond

Tomas Liljeborg, CEO
Tel: + 46 40 693 1709
e-mail: tomas.liljeborg@macrobond.com

 

About Macrobond:

Macrobond Financial is a young and rapidly expanding, international company with offices in Europe, Asia, and the United States. Its flagship product, the Macrobond application, is a single platform that combines an extensive macroeconomic and financial database with easy-to-use tools for analysis and smart data visualisation.

The application gives users access to a continuously maintained and updated global database. Data is procured from primary sources such as central banks, statistical agencies, and regulatory agencies as well as international sources such as OECD and IMF. This integrated research solution allows users to go from selecting data to immediately applying a broad range of analyses in a way that is both easy to work with and facilitates customization and full control. With the built-in charting, presentation and online-publishing tools users can deliver professional -looking charts and reports with minimal input and time, and minimize the tasks associated with maintaining and updating publications. Macrobond’s clients are professionals from both small and large private companies, organisations, and governmental institutions around the world. For further information about Macrobond please visit www.macrobond.com

 

About Nordic Capital

Nordic Capital is a leading private equity investor in the Nordic region with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a proven track record. Core sectors are Healthcare, Technology & Payments, Financial Services, Industrial Goods & Services and Consumer & Retail, and key regions are the Nordics, Northern Europe, and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 12 billion in over 100 investments. The most recent fund is Nordic Capital Fund IX with EUR 4.3 billion in committed capital, principally provided by international institutional investors such as pension funds. The Nordic Capital Funds are based in Jersey and are advised by advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital, please visit www.nordiccapital.com

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KKR to Acquire Ramky Enviro Engineers

KKR

Investment Supports Continued Growth of Leading Indian Environmental Services Business

MUMBAI, India–(BUSINESS WIRE)– Global investment firm KKR and Ramky Enviro Engineers Limited (“REEL” or the “Company”), a leading provider of environmental services and solutions in India and overseas, today announced the signing of a definitive agreement under which KKR will acquire a 60% stake in the Company for approximately US$530 million via a combination of primary and secondary investments valuing the Company at an enterprise value of US$925 million.

REEL’s suite of comprehensive offerings includes the management, collection, transport and processing of hazardous, municipal, biomedical and e-waste, as well as the recycling of paper, plastic and chemicals. The Company also focuses on renewable energy generation – with a strong focus on waste-to-energy processes – and offers consulting and integrated environmental services. REEL has a presence in over 60 locations across 20 Indian states, as well as in certain Southeast Asian, Middle Eastern and African markets.

KKR’s investment in REEL marks one of the largest buyouts in India, in addition to being the first private equity buyout in the country’s highly attractive environmental services sector. The deal comes as Prime Minister Narendra Modi’sadministration enhances its focus on environmental management through the Swachh Bharat (Clean India) Mission, an initiative to reduce pollution and improve critical sanitation infrastructure to boost living standards in cities, towns and rural villages nationwide.

M. Goutham Reddy, Managing Director & CEO of the Company, said, “REEL was founded by Mr. A. Ayodhya Rami Reddywith a vision that sustainable development is the key to success and with an objective of serving society through environmental management. With KKR as our new partner, we look forward to advancing our mission of responsibly addressing the environmental issues that emerging economies including India are facing today. Today marks the beginning of the next stage of REEL’s evolution towards serving society.”

Sanjay Nayar, Member & CEO of KKR India, said, “We are excited to partner with REEL, the only comprehensive environmental management company offering end-to-end environmental and waste management services across India. REEL’s work uniquely supports the Swachh Bharat Mission, and our team is pleased to invest in the growth of a company that provides critical services and infrastructure to reduce pollution and address the needs of India’s expanding urban population.”

“We look forward to leveraging our resources to enhance REEL’s operational best practices and add value by focusing on engineering innovation, attracting managerial talent and boosting efficiency, in addition to building on REEL’s rigorous focus on environmental, health and safety initiatives. We will work alongside REEL’s experienced management team to enhance the Company’s mission of becoming a world-class leader in environmental management at a time when implementing sustainable solutions is more important than ever,” added Rupen Jhaveri, Managing Director at KKR.

REEL has established itself as a leading and trusted provider of environmental services due to its focus on sustainability and commitment to continuous improvement. As part of this commitment, REEL uses a number of systems to monitor its procedures to ensure adherence to best environmental management standards. The Company frequently samples and analyses its business’ impact on the air, soil and water of the areas where it operates, and it manages community outreach and engagement programs. To date, REEL has been recognized for its safety and environmental efforts in numerous municipalities in India.

Barclays and EY are acting as REEL and KKR’s M&A advisors, respectively. Link Legal serves as REEL’s legal counsel, and PwC and Transaction Square act as REEL’s tax advisor. Cyril Amarchand Mangaldas and Simpson Thacher & Bartlett serve as KKR’s legal counsel, with Deloitte India acting as accounting and tax advisor. Environmental Resources Management serves as environmental management advisor to the deal.

KKR makes the investment from its Asian Fund III.

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic manager partnerships that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE:KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About Ramky Enviro Engineers

Ramky Enviro Engineers Limited (“REEL”) is a leading provider of comprehensive environmental management services. Through the provision of its technical and operational expertise, REEL offers cost-effective, custom solutions to a variety of complex environmental needs across areas including Integrated Waste Management, Wastewater and Water Treatment and Remediation, among others. REEL today operates waste treatment facilities in more than 60 locations across India, Singapore, the Middle East, and Africa. The Company handles 3.5 million tons of municipal waste, 1 million tons of industrial waste, and caters to 20,000 healthcare establishments. REEL’s facilities are ISO 9001-, ISO 14001-, ISO 17025- and OHSAS 18001-certified to ensure excellence in environmental and waste management. For more information, visit: http://ramkyenviroengineers.com.

Media
For KKR:
KKR Asia
Anita Davis, +852 3602 7335
Anita.Davis@KKR.com
or
KKR Americas
Kristi Huller / Cara Major, +1 212-750-8300
Media@KKR.com
or
For KKR India:
Edelman
Siddharth Panicker, +91-9820-857-522
Siddharth.Panicker@Edelman.com

Source: KKR

 

 

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Blackstone Signs Agreement to Invest in TaskUs

Blackstone

New York, August 9, 2018 – Private Equity funds managed by Blackstone (NYSE: BX) have entered into a definitive agreement to invest in TaskUs, a leading customer service and business process outsourcing services provider for high-growth technology companies. The investment, before funding, values TaskUs at more than $500 million.

Founded in 2008 by Bryce Maddock and Jaspar Weir, TaskUs is one of the fastest-growing companies in its industry globally. Their business process solutions, which leverage the latest technology, including AI, advanced Learning Management Systems and big data, help companies quickly scale. TaskUs will continue to be led by Mr. Maddock, Mr. Weir, and the existing management team, who have been instrumental in driving the company’s growth.

Amit Dixit, Senior Managing Director at Blackstone, said: “The growth in ride sharing, social media, online food delivery, e-commerce and autonomous driving is creating an enormous need for enabling business services. TaskUs has established a leadership position in this domain with its base of marquee customers, unique culture, and relentless focus on customer delivery. We are excited to partner with Bryce, Jaspar and the existing management team to build the world’s leading company in this area. With access to capital from Blackstone, as well our two decades of experience with BPO companies, we are confident that our investment in TaskUs can significantly accelerate the company’s growth trajectory.”

Bryce Maddock, TaskUs co-founder and CEO, commented: “We chose to partner with Blackstone because they have a track record at building category-defining businesses. Our goal is to build TaskUs into the world’s number one provider of tech-enabled business services.  This partnership will help us dramatically increase our investment in consulting, technology and innovation to support our customers’ efforts to streamline and refine their customer experience. We will also use this investment to scale globally with new investments in Europe, India and Latin America and continued expansion in the countries where we operate today – the United States, the Philippines, Mexico and Taiwan. I want to thank our investors, Navegar Partners, who are selling their stake in this transaction, for an incredible three-year partnership.”

Jaspar Weir, TaskUs co-founder and President, added: “TaskUs has always emphasized the importance of employee experience as a key business differentiator, an initiative Blackstone fully supports. We’re excited that they will continue to support our investments in creating a world-class culture which drives innovation and enables us to deliver the next generation of customer experience solutions to our clients. This investment is truly a testament to the dedication of our amazing team.”

The transaction is expected to close in the fourth quarter of 2018, subject to regulatory approvals and customary closing conditions.

About TaskUs
TaskUs provides next generation customer experience that powers the world’s most disruptive companies through the partnership of amazing people and innovative technology. TaskUs provides ridiculously good strategy and business process outsourcing utilizing revolutionary technology and the best talent to deliver transformational, digital scale. To find out more visit www.TaskUs.com.

About Blackstone
Blackstone is one of the world’s leading investment firms. Blackstone seeks to create positive economic impact and long-term value for our investors, the companies it invests in, and the communities in which it works. Blackstone’s asset management businesses, with approximately US$440 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

Media Contact
Blackstone
Matthew Anderson
+1-212-390-2472
Matthew.Anderson@Blackstone.com

TaskUs
Libby Loskota
+1-424-333-1980
libby@taskus.com

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Nordic Capital sells Unifeeder to DP World

Nordic Capital

AUGUST 07 2018

Nordic Capital sells Unifeeder to DP World Image

  • Nordic Capital further cements its outstanding track record for building strong companies that are strategically attractive to industrial buyers

Nordic Capital Fund VIII (“Nordic Capital”) has signed an agreement to divest logistics company Unifeeder Group (“Unifeeder”), the largest pan-European feeder and growing shortsea operator, to DP World for EUR 660 million1). During Nordic Capital’s five year ownership, Unifeeder has developed to become the largest and best connected feeder and an important and growing shortsea network in Europe, serving both deep-sea container hubs as well as the intra-European container freight market, providing industrial companies with door-to-door containerised freight transportation.

Founded in 1977 and headquartered in Aarhus, Denmark, Unifeeder has approximately 400 employees in 25 countries. The company is a highly-regarded leader in complex transport logistics, simplifying the tasks of choosing and managing supply chains by providing efficient and sustainable transport solutions.

Nordic Capital acquired Unifeeder in 2013 and since then has supported the company in its successful acceleration of organic and acquisitive growth, bolstered by a regional restructuring, the introduction of a new shared service centre and significant operational improvements. During these five years, Unifeeder has successfully secured market share gains through an improved and expanded offering which has driven increased volumes into commercial feeder markets and sustained high growth in its shortsea business. Today, Unifeeder’s network spans more than 100 ports in Northern and Western Europe, the Mediterranean (including North Africa and the Middle East) and the Black Sea.

Nordic Capital’s successful strategy of building stronger companies and making them strategically attractive to industrial buyers is evidenced by Unifeeder’s sale to DP World. It marks the fourth exit by Nordic Capital Fund VIII in the last 12 months, following the successful sale of AniCura and Bambora to international trade buyers, and the merger of Lindorff and Intrum Justitia.

“Unifeeder has significantly expanded its network, service offering and go-to-market model in recent years. Unifeeder is now a clear market leader in many aspects and stands stronger than ever; a great example of how Nordic Capital applies its Ownership Excellence approach to successfully building stronger companies and making them attractive for future owners. We are pleased that DP World has recognised the continued strong growth potential in the company. Nordic Capital would like to recognise the excellent partnership forged with management and the Board of Directors in making Unifeeder’s journey a clear success story, which can now continue with a new strong owner in the form of DP World,” said Lars Terney, Partner at the Advisor to the Nordic Capital Funds.

“Under Nordic Capital’s ownership, Unifeeder has grown to become the largest independent pan-European feeder and growing shortsea operator with the industry’s best-connected network. Nordic Capital has been instrumental in supporting the company during this development in the spirit of a true partnership,” said Jesper Kristensen, CEO, Unifeeder.

“We are delighted to add the Unifeeder brand under the DP World umbrella, which supports our strategy to grow in complementary sectors, strengthen our product offering and play a wider role in the global supply chain as a trade enabler. The ever-growing deployment of ultra-large container vessels has made high-quality connectivity from hub terminals crucial for our customers and Unifeeder is a best-in-class logistics provider in this space with a strong reputation in Europe. Our aim is to leverage on the in-house expertise of Unifeeder and to accelerate growth in this scalable platform to deliver value for all stakeholders,” said Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World.

The transaction is subject to customary regulatory approvals.

 

1) This is the enterprise value (equity plus net debt)

 

 

Media contacts:

 

Nordic Capital

Lars Terney, Partner
Advisor to the Nordic Capital Funds
Tel: +45 33 44 77 50
e-mail: lars.terney@nordiccapital.com

Elin Ljung,
Director of Communication and Sustainability
Advisor to the Nordic Capital Funds
Tel: +46 8 440 50 50
e-mail: elin.ljung@nordiccapital.com

Unifeeder
Jesper Kristensen, CEO
Tel: +45 88 83 00 22
e-mail: jek@unifeeder.com

DP World 
Mike Vertigans, Senior Corporate Communications Manager
Tel: +971 566 769 324
e-mail: michael.vertigans@dpworld.com

 

About Nordic Capital

Nordic Capital is a leading private equity investor in the Nordic region with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a proven track record. Core sectors are Healthcare, Technology & Payments, Financial Services, Industrial Goods & Services and Consumer & Retail, and key regions are the Nordics, Northern Europe, and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 12 billion in over 100 investments. The most recent fund is Nordic Capital Fund IX with EUR 4.3 billion in committed capital, principally provided by international institutional investors such as pension funds. The Nordic Capital Funds are based in Jersey and are advised by advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital, please visit www.nordiccapital.com

About Unifeeder

Unifeeder, the asset-light logistics company, operates approximately 60 short-term chartered vessels, carrying around 3.2m TEUs and performing some 12,000 port calls annually. Unifeeder serves two distinct markets: Feeder Services transport containers from the large European hubs to regional ports, thereby providing major international deep-sea container shipping lines easy access to ports and regions beyond their reach. Shortsea Services provide fully multimodal door-to-door transport of full-load containerized cargo for customers across Europe, combining seaborne transportation with third party road and/or rail logistical services. Founded in 1977 and headquartered in Aarhus, Denmark, Unifeeder has ~400 employees and professional representatives in 25 countries. For further information, please visit www.unifeeder.com

About DP World

DP World is a leading enabler of global trade and an integral part of the supply chain who operates multiple yet related businesses – from marine and inland terminals, maritime services, logistics and ancillary services to technology-driven trade solutions. DP World has a portfolio of 78 operating marine and inland terminals supported by over 50 related businesses in 40 countries across six continents with a significant presence in both high-growth and mature markets. The company aims to be essential to the bright future of global trade, ensuring everything it does has a long-lasting positive impact on economies and society. DP World’s dedicated team of over 36,000 employees from 103 countries cultivates long-standing relationships with governments, shipping lines, importers and exporters, communities, and many other important constituents of the global supply chain, to add value and provide quality services today and tomorrow. Container handling is the company’s core business and generates more than three quarters of its revenue. In 2017, DP World handled 70.1 million TEU (twenty-foot equivalent units) across its portfolio. With its committed pipeline of developments and expansions, the current gross capacity of 88.2 million TEU is expected to rise to more than 100 million TEU by 2020, in line with market demand. By thinking ahead, foreseeing change and innovating DP World aims to create the most productive, efficient and safe trade solutions globally. For further information, please visit www.dpworld.com

Categories: News

EQT Real Estate acquires Allee Center, a neighborhood shopping center in Leipzig, Germany, from Investa Real Estate

eqt

The EQT Real Estate I fund has acquired Allee Center, a modern shopping center located in a high-density residential area in Grünau, a suburb of Leipzig. The Allee Center was built in 1996 and comprises around 40,000 square meters of rental space.

The center was sold by Investa Real Estate via Colliers International. The transaction represents the fund’s eighth investment to date and third into Germany. Investa Real Estate was advised by Clifford Chance and Drees & Sommer.

‘We’re excited to be an integral part of the rapid growth of Leipzig in general, and Grünau in particular. Together with the center manager ECE, we hope to make an important positive contribution to the further development of the area” says Frank Forster, Director at EQT Partners and advisor to the fund.

EQT Real Estate has been advised by JLL, Ashurst and Arcadis. HSH Nordbank provided the senior acquisition facility for the acquisition of the shopping Center.

Contacts
Frank Forster, Director at EQT Partners, Investment Advisor to EQT Real Estate I, +44 20 8432 5404
Robert Rackind, Partner and Head of EQT Real Estate at EQT Partners and Investment Advisor to EQT Real Estate I, +44 207 430 5555
EQT Press Office, +46 8 506 553 34

About EQT
EQT is a leading alternative investments firm with approximately EUR 50 billion in raised capital across 27 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. 

More info: www.eqtpartners.com

About EQT Real Estate I
EQT Real Estate I will seek to make direct and indirect controlling investments in real estate assets, portfolios and operating companies that offer significant potential for value creation through repositioning, redevelopment, refurbishment and active management. The investments will typically range between EUR 50 million and EUR 200 million. The fund is advised by an experienced team from EQT Partners, with extensive knowledge of property investment, development and intensive “hands-on” asset management, and with access to the full EQT network, including 10 European offices and more than 250 industrial advisors.

About Investa Real Estate
Investa Real Estate develops and manages real estate in Germany for over 45 years. The company’s focus is in the development of high quality office and administrative buildings, hotels and healthcare real estate. Since 2013, Investa Real Estate has been developing innovative investment models for institutional investors.

 

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– ONCAP Acquires Precision Global –

Onex

– ONCAP Acquires Precision Global –
Toronto, Ontario and Greenville, South Carolina August 7, 2018 – ONCAP today announced it has acquired Precision Global (“Precision”), a leading global manufacturer of dispensing solutions. Terms of the transaction were not disclosed.
Founded in 1949, Precision’s dispensing solutions include more than 12,000 SKUs, which are sold into end markets such as personal care, household, food & beverage, industrial and pharmaceutical. Its products include aerosol valves, actuators, pumps, caps and related aerosol accessories, custom closures and other specialty dispensing solutions. The company is the largest supplier of valves in the world selling more than four billion annually and also produces and sells two billion actuators annually. Headquartered in Greenville, South Carolina, Precision employs more than 1,500 people across 18 facilities in 15 countries and six continents.
“Precision serves a growing market with high-quality, reliable and innovative products that are critical to its customers and end users.” said Ryan Mashinter, a Managing Director with ONCAP. “We are excited to partner with Precision’s management team to accelerate the company’s growth both organically and through acquisitions for years to come.”
“ONCAP’s strong investment track record and deep experience in the packaging industry, makes it an ideal partner for us,” said Mario Barbero, Chief Executive Officer of Precision. “Together, we’ll continue to invest in our business with an ongoing focus to be the best in class global supplier of quality, service and innovation in all regions.”
ONCAP IV invested approximately $111 million, of which Onex Corporation’s (TSX: ONEX) share was $44 million as a limited partner in the Fund.

About ONCAP
ONCAP is the mid-market private equity platform of Onex. In partnership with operating company management teams, ONCAP invests in and builds value in North American headquartered medium-sized businesses that are market leaders and possess meaningful growth potential. For more information on ONCAP, visit its website at www.oncap.com.

Onex is one of the oldest and most successful private equity firms. Through its Onex Partners
and ONCAP private equity funds, Onex acquires and builds high-quality businesses in
partnership with talented management teams. At Onex Credit, Onex manages and invests in
leveraged loans, collateralized loan obligations and other credit securities. Onex has more than
$32 billion of assets under management, including $6.7 billion of Onex proprietary capital, in
private equity and credit securities. With offices in Toronto, New York, New Jersey and London,
Onex and the team are collectively the largest investors across Onex’ platforms. Onex shares
trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on
Onex, visit its website at www.onex.com.
About Precision Global
Founded in 1949 by the inventor of the aerosol valve, Precision Global is one of the world’s
leading producers of aerosol valves, custom actuators and other dispensing solutions for a variety
of end markets, including personal care, household, food & beverage, industrial and
pharmaceutical. Based in Greenville, South Carolina, the Company operates a multinational
network of facilities spanning fifteen countries on six continents. For more information on
Precision Global, please visit www.precisionglobal.com.
For further information:
Onex
Emilie Blouin
Director, Investor Relations
Tel: 416.362.7711
Precision Global
Thomas Schmidt
Director Marketing and Product Development
thomas.schmidt@precisionglobal.com
2

 

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NCP IV sells Totalreform

Reiten

Nordic Capital Partners IV AS has sold its stake in Totalreform AS to First Mover Group AS (FMG), an industrial company within the office relocation space in Scandinavia. The transaction was closed in Q2 and we are pleased that Totalreform now has found a new home with one of its industry peers.

Since Totalreform was separated from NEAS in 2015, the company has made several improvements and now has a solid base for further growth and continued delivery of their services.

Totalreform will complement FMG both through competence and geographic location. In our opinion, this is a good solution for both shareholders and all other stakeholders in Totalreform.

NCP IV has received a settlement for their shares and the shareholder loan from the buyer.

Categories: News

AURELIA (GAVIO GROUP) and ARDIAN signed the framework agreement for the development of a strategic partnership in the infrastructure sector

Ardian

Tortona (Al), Paris, August 3, 2018 – Aurelia S.r.l. (“Aurelia”), the financial holding company of the Gavio family, and Ardian, a world-leading private investment house also active in the infrastructure sector (“Ardian”), signed today the framework agreement (the “Framework Agreement”) in order to develop a strategic partnership aimed at strengthening the ASTM/Sias Group in the infrastructure sector.

The Framework Agreement provides for the acquisition by Ardian of a minority stake, equal to 40% of the share capital of Nuova Argo Finanziaria S.p.A., a company that holds a 58.56% stake in ASTM S.p.A., which itself holds a 63.41% stake in SIAS S.p.A.

Following the transaction, Aurelia will maintain the full and exclusive control of Nuova Argo Finanziaria S.p.A. and in turn on both ASTM S.p.A. and SIAS S.p.A.

Ardian’s total investment for the acquisition of a 40% stake of Nuova Argo Finanziaria S.p.A., amounts to EUR 850.1 million, of which EUR 95 million as earn-out in favour of Aurelia upon the occurrence of specific conditions.

The strategic partnership between Aurelia and Ardian aims at strengthening the role and competitiveness of Gavio Group as global player in the infrastructure sector, focused on growth, international expansion and on value creation for all stakeholders, and able to successfully seize major opportunities in Europe, Latin America and the United States.These regions are characterized by important consolidation opportunities in the transport infrastructure, as well as by significant investments and projects in the road and motorway concessions sector.

Ardian Infrastructure, already partner of the Gavio Group with a 49% stake in Autovia Padana, is a leading European investor in the infrastructure and motorway concessions sector with investments in France, Spain, Portugal and, more recently, Italy. In the transport sector, Ardian has invested in airport concessions (Milan, Naples, Turin and London Luton Airport) and car parks (Indigo).

The closing of the transaction is expected to occur in the upcoming months and it is subject to the authorizations by the Brazilian and Austrian antitrust authorities.
At closing, Aurelia and Ardian will enter into a shareholders’agreement (attached to the Framework Agreement) regulating, among other things, the governance and transfers of shares of Nuova Argo Finanziaria S.p.A., ASTM S.p.A. and SIAS S.p.A., the content of which will be disclosed to the market pursuant to article 122 of t.u.f.

LIST OF ADVISORS

Aurelia – Legal advisor: Chiomenti
Ardian – Legal advisor: Bonelli Erede

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$71bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.
Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.
Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 500 employees working from fourteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo). It manages funds on behalf of around 700 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Ardian on Twitter @Ardian
www.ardian.com

ABOUT GAVIO GROUP

The Gavio Group is one of Italy’s top industrial groups and a prominent global operator in the transport infrastructure sector.
Through its subsidiaries Astm and Sias, industrial holding companies whose shares are traded on the Borsa Italiana market, the Group operates in the sectors of the management of motorway concessions, of the EPC Contractor (Engineering, Procurement & Construction), and of the technology applied to mobility.
As at the date hereof, the Group is the world’s fourth operator in the management of motorway concessions with around 4,150 kilometres of network under concession in countries such as Italy (in which the Group is the main operator in the North-West with around 1,423 kilometres of network), Brazil (in which the Group operates through Ecorodovias, a co-controlled company, with a network of around 2,640 kilometres) and the United Kingdom.
In the EPC Contractor sector, the Group operates through Itinera, one of the world’s biggest players in the realization of major infrastructure works. With an order book of more than EUR 4 billion, the Company operates in the United States by holding a controlling stake in Halmar International, one of the top five companies in the metropolitan area of New York in the transport infrastructure sector, in Latin America, Europe, Africa and the Middle East.
https://www.gruppogavio.it/en/

PRESS CONTACTS

GRUPPO GAVIO
Moccagatta Associati
Tel: +39 02. 86.45.16.95/ 02.86.45. 14.19
segreteria@moccagatta.it

ARDIAN
Image Building
Cristina Fossati, Luisella Murtas, Anna Pirtali
Tel: +39 02 89011300
ardian@imagebuilding.it

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