Monthly Archives: September 2018

Colisée expands its European footprint with the acquisition of a nursing home platform in Spain

ik-investment-partners

Colisée, a leading player in the elderly care segment in France & Italy supported by IK Investment Partners (“IK”) since 2017, is accelerating its growth with the acquisition of STS Grup, a nursing home provider in Spain.

STS Grup’s 6 facilities representing approximately 600 beds in Catalonia, will join the Colisée Group and further strengthen its leading position in Europe in the nursing home and homecare services segments. With more than 114 nursing home facilities and 70 home care services agencies in France, Italy and Spain, the Group led by Christine Jeandel is positioned as a clear pan-European consolidator.

Following this acquisition, in order to increase its financials capabilities to pursue buy-and-build in Europe on top of financial support from IK, Colisée tapped the debt markets. By raising a new term loan of MEUR 120, the Group recharged its acquisition facility loan.

Colisée welcomed the IK VIII Fund, advised by IK Investment Partners, as the majority shareholder in June 2017. Since then, the Group has grown steadily both organically and through buy-and-build, adding 24 nursing facilities (i.e. 2,198 beds) to its perimeter.

The financial terms of the transaction are not disclosed.

For further questions, please contact:

Colisée
Marie-Gabrielle de Marchis – Nouvelle Saison
Phone: +33 6 69 40 32 17
mg.demarchis@nouvellesaison.com

IK Investment Partners
Dan Soudry, Partner
Phone: +33 1 44 43 06 60

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

About Colisée
Colisée is a key player in the global health care and old-age dependency sector, and has developed a real expertise in elderly people care and well-being. Its network includes 114 facilities in France, Italy and Spain and close to 70 home-based services agencies in France. In those two business segments, Colisée employs more than 7,800 people. For more information, please visit www.groupecolisee.com

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €9.5 billion of capital and invested in over 120 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, please visit www.ikinvest.com

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EQT Infrastructure to merge Broadnet and GlobalConnect

eqt

  • EQT Infrastructure merges Broadnet and GlobalConnect to create leading Northern European fiber-based datacom provider and supplier of cloud enabling infrastructure
  • The merger strengthens the combined company’s product and service offering in driving digital transformation for both B2B and B2C customers and provides a solid platform for accelerated investments in new technologies and continued fiber rollout
  • EQT Infrastructure is committed to actively supporting the combined company for further growth and expansion in key markets

EQT today announces the intention to combine EQT Infrastructure III (“EQT Infrastructure”) portfolio companies Broadnet Holding AS (“Broadnet”) and GlobalConnect A/S (“GlobalConnect), to create a leading Northern European fiber-based datacom provider and supplier of cloud enabling infrastructure.

Acquired by EQT Infrastructure in May 2018, Broadnet controls over 24,000 km of fiber in Norway through its nationwide back-bone and metro network, connecting more than 90 cities across the country. The company has become the front-running independent fiber-based datacom provider in the Norwegian B2B market, also serving the B2C segment through its HomeNet brand.

GlobalConnect, acquired by EQT Infrastructure in February 2017, is the leading alternative provider of fiber-based B2B data communication services as well as the largest Danish data center provider. The company operates 15,300 km of fiber network and 13,000 sqm of secure co-location space in Denmark and Northern Germany.

The combination of Broadnet’s strong position in connectivity, serving both the B2B and B2C market, and GlobalConnect’s strong position in data centers, will strengthen and expand the merged companies’ multinational offering. Last year, the two companies had combined revenues of approximately EUR 310 million and an EBITDA of EUR 110 million.

Effective today, Martin Lippert, CEO of Broadnet since 2013, has been appointed CEO of the combined company. Lippert comments: “We are proud to announce the combination of Broadnet and GlobalConnect, creating a true challenger to the incumbent telecom operators in Norway, Denmark and Northern Germany. The combined company will be a prominent Northern European fiber-based communication provider, helping local and multinational companies in accelerating its digital transformation by offering and making further investments in advanced digital platforms, services and customer support”.

Daniel Pérez, Partner at EQT Partners and Investment Advisor to EQT Infrastructure, concludes: “EQT sees great opportunities for Broadnet and GlobalConnect in the Northern European markets. EQT believes that this merger will optimally position the combined company to serve customers with mission critical and future proof communication services and cloud enabling infrastructure. EQT will continue to invest in the company and support its mission to become the leading and most agile challenger in the Northern European markets for cloud enabling infrastructure and services”.

The two companies will continue to operate under separate names and brands until further notice.

Contacts
Daniel Pérez, Partner at EQT Partners and Investment Advisor to EQT Infrastructure, +46 8 506 554 72
EQT Press office, +46 8 506 55 334, press@eqtpartners.com

About EQT
EQT is a leading investment 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 Broadnet
Broadnet is the largest alternative datacom provider in Norway. The company controls one of two optical fiber networks in Norway in addition to a substantial regional and local network. The group consists of two brands: Broadnet, serving the business and wholesale market, and HomeNet, serving the consumer market.

More info: www.broadnet.no

About GlobalConnect
GlobalConnect is the leading alternative provider of fiber network, data center and managed hosting services in Denmark. The company’s 15,300 km operated optical fiber network covers Denmark and Germany and it has approximately 13,000 sqm of data center space. GlobalConnect was founded in 1998 and employs more than 400 employees.

More info: www.globalconnect.dk

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Bomgar Announces Acquisition of BeyondTrust to Expand Privileged Access Management Offerings

Franciso Partners

PRESS RELEASE – SEPTEMBER 13 2018
  • Combined entity will continue to be a leading cyber security company with the world’s most comprehensive privileged access management (PAM) portfolio.
  • Company will operate under the BeyondTrust name and be led by Matt Dircks, current CEO of Bomgar.

Atlanta, GA and Phoenix, AZ – Bomgar, a global leader in Privileged Access Management (PAM) solutions, today announced it has signed a definitive agreement to acquire BeyondTrust, a global leader in Privilege-Centric Security, from an affiliate of Veritas Capital. The combined company, which will be called BeyondTrust, brings together proven innovators with a shared mission of securing privileged access and helping customers to defend themselves from cyber-attacks while increasing productivity.

Bomgar secures privileged credentials, remote access sessions, and endpoints, while empowering users to be more efficient and effective. BeyondTrust offers the most extensible PAM platform that enables organizations to scale privileged security as threats evolve across endpoint, server, IoT, cloud, and network device environments. These combined solutions will result in the world’s most comprehensive PAM portfolio, currently used by more than 19,000 customers worldwide.

Matt Dircks, CEO of Bomgar, who will lead the combined company as CEO, commented, “We are extremely excited to build upon BeyondTrust’s Privileged Access Management leadership, and the significant benefits it will bring to our joint customers, partners, and people. Both organizations bring talented employees who are passionate about protecting organizations from attacks related to privileged access. The greater scale and resources of the combined company will allow us to accelerate innovation and deliver technology that protects our customers from constantly evolving threats.”

Earlier this year, Bomgar was acquired by Francisco Partners, a leading technology-focused private equity firm. Francisco Partners’ Co-Founder and Chief Executive Officer Dipanjan “DJ” Deb commented, “Both Bomgar and BeyondTrust have a long history of driving innovation and efficiency, and delivering solutions, services, and support that customers love. We believe bringing Bomgar and BeyondTrust together will result in a winning combination and create a leader in the high-growth Privileged Access Management market.”

“The BeyondTrust family is excited to join the dynamic Bomgar and Francisco Partners teams,” said Kevin Hickey, president and CEO, BeyondTrust. “I’m confident that the additional investment and scale resulting from this combination will drive innovation for our customers and new opportunities for our partners as we expand our leadership position in the fast-moving Privileged Access Management market. Working with the Veritas Capital team over the last four years, we have transformed the business by strengthening our product offering, enhancing our market position, and generating outstanding growth.”

According to Forrester, 80% of security breaches involve privileged credentials. Andras Cser, Forrester vice president and principal analyst, wrote, “The PIM (Privileged Identity Management) market is growing because more S&R (security and risk) professionals see PIM as part of the layered solution to address their top cyberthreat and data breach prevention challenges.” The combination of BeyondTrust’s market-leading PAM platform with Bomgar’s advanced privileged session and endpoint protection solutions will result in the broadest solution portfolio for securing and defending organizations against threats related to the compromise and misuse of privileges.

“Privileged Access Management is one of the top priorities for today’s security leaders, and we see incredible opportunity with the combination of Bomgar’s and BeyondTrust’s technology and talent,” said Brian Decker, Partner and head of security investing at Francisco Partners. “The joint team is focused on developing integrated and usable products, building an even stronger channel, and continuing to deliver the highest levels of customer service and support.”

The combined company will be headquartered in Atlanta, GA. Terms of the transaction, which is expected to close in October, were not disclosed.

About Bomgar

Bomgar is a global leader in Privileged Access Management solutions that secure privileged credentials, sessions, and endpoints, while empowering your workforce to run at the speed and scale of business. Bomgar offers the most comprehensive platform for enabling privileged and remote access, while defending organizations from constant and evolving threats. More than 16,000 customers and millions of users worldwide trust Bomgar to mitigate internal and external attacks, achieve compliance, and gain operational efficiency. Bomgar clients range from midsize to Fortune 100 companies and include some of the world’s most admired and valuable brands. Bomgar is headquartered in Atlanta, GA, with offices across the Americas, EMEA, and Asia Pacific. Connect with Bomgar at www.bomgar.com, the Bomgar Blog, or on Facebook, Twitter and LinkedIn.

About BeyondTrust

BeyondTrust is a worldwide leader in Privilege-Centric Security, offering the most seamless and straightforward approach to preventing data breaches related to stolen credentials, hijacked insider accounts, and misused privileges.

Our privileged access management platform is the most extensible on the market, enabling organizations to easily scale their privilege security programs as threats evolve across endpoint, server, cloud and network device environments. Only BeyondTrust unifies the industry’s broadest set of built-in capabilities with centralized management, reporting and analytics, empowering leaders to take decisive and informed actions to defeat attackers. This is backed by a flexible design that simplifies integration with other best-of-breed solutions and boosts the value of our customers’ IT security investments.

With BeyondTrust, organizations gain the visibility and control they need to confidently reduce risk, maintain productivity, and stay out of the headlines. We are trusted by over 4,000 customers and a global partner network. Learn more at www.beyondtrusts.com.

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The Carlyle Group completes acquisition of Abacus, a pharmaceutical company in East Africa

Carlyle

Partnership will support expansion into new markets and broaden supplier relationships

Johannesburg, South Africa, 13 September 2018 – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announces that it has completed the acquisition of a majority stake in AK Life Sciences (Abacus), a pharmaceutical company in East Africa. Equity for the transaction came from Carlyle Sub-Saharan Africa Fund (CSSAF). Financial terms are not disclosed.

Founded in 1995, Abacus is one of the largest distributors of pharmaceutical products in East Africa and the largest manufacturer of parenterals (IV fluids, ear, eye and nose drops) in Uganda. The company has a differentiated product offering, ranging from mission critical parenterals to branded generics for chronic therapeutic areas such as oncology, diabetes and cardiovascular. Abacus has an extensive distribution network with 30 wholesale branches across Uganda, Tanzania, Burundi, Rwanda and Kenya, of which many are located in remote and rural areas. The company is the distributor of choice for many multinational pharmaceutical companies looking to enter the East African market because of its strong brand recognition, reputation for quality and extensive distribution network.

Ramesh Babu, Co-Founder and Managing Director at Abacus, said, “Abacus has grown to become one of the leading pharmaceutical companies in East Africa, and today we employ more than 800 people throughout the region and have a distribution network of 30 wholesale branches. We have created a strong platform for further growth and have established good relationships with large multinational pharmaceutical companies and local suppliers. We are excited to partner with Carlyle and expect to benefit from their deep industry knowledge and experience, and look forward to building on our company’s success to date.”

Genevieve Sangudi, Managing Director at The Carlyle Group, said: “Abacus has best-in-class distribution capabilities and an established regional platform to build on, taking advantage of the favorable demographics and growing pharmaceutical demand throughout East Africa. We see an opportunity to support Abacus and to leverage Carlyle’s platform to provide the company with access to new markets as well as broadening supplier relationships with European and North American innovators. We look forward to working closely with the founders and the management team to drive growth in the next phase of the company’s development.”

The Carlyle Group has invested more than US$11.5 billion of equity in more than 65 transactions across the global healthcare industry as of June 30, 2018.

Carlyle was advised on the transaction by McKinsey (commercial), Clifford Chance (legal), and KPMG (financial).

*****

Contact:

The Carlyle Group
Katarina Sallerfors
Katarina.sallerfors@carlyle.com
+44 (0)20 7894 3554

About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $210 billion of assets under management across 335 investment vehicles as of June 30, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,625 people in 31 offices across six continents.

Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

About Carlyle Sub-Sahara Africa Fund (CSSAF)

Established in 2012, CSSAF and its affiliates, with $698 million of committed capital, have invested over $550 million to date across a variety of industries, including energy, financial services, TMT, retail, logistics, business services and mining services, and across a variety of geographies, including South Africa, Gabon, Nigeria, Mozambique, Zambia, Tanzania, and the Democratic Republic of the Congo. CSSAF makes buyout and growth capital investments in private and public companies from offices in Johannesburg, South Africa and Lagos, Nigeria.

About AK Life Sciences (Abacus)

Abacus was incorporated in 1995 under the flagship of the Kiboko Group of companies. Within a span of 15 years the Company has grown from a small distributor to one of the leading importers and distributors of pharmaceutical formulations and surgical and non-surgical items. Abacus represents several reputable pharmaceutical companies spread across India, China, Middle East, Pakistan, UK and Kenya.
For Web: https://abacuspharma.com/

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The Carlyle Group to become majority investor in Sedgwick in $6.7 billion transaction

KKR

Investment will foster continued growth of global claims management provider

MEMPHIS, Tenn. and NEW YORK, Sept. 12, 2018 /PRNewswire/ — Sedgwick, a global provider of technology-enabled risk, benefits and integrated business solutions, announced today that affiliates of funds managed by The Carlyle Group (NASDAQ : CG  ) have agreed to become the majority owner of Sedgwick in a transaction valued at approximately $6.7 billion. Current majority shareholder KKR will fully exit its position following the transaction. Funds managed by Stone Point Capital LLC and Caisse de dépôt et placement du Québec (CDPQ), together with Sedgwick management, will remain minority investors.

“At Sedgwick, taking care of people is at the heart of everything we do, and I am proud that The Carlyle Group appreciates the value our colleagues create when they put our caring counts® philosophy into practice,” said Dave North, president and CEO of Sedgwick. “We are humbled by the confidence they have shown in our business model, and we look forward to partnering with Carlyle on developing and delivering innovative solutions for our clients around the world. We are grateful for the strong and value-added partnership with KKR over the last handful of years.”

On an annual basis, Sedgwick handles more than 3.6 million claims and has fiduciary responsibility for claim payments totaling more than $19.5 billion.

Stephen H. Wise, Managing Director and Global Head of Healthcare for The Carlyle Group, said, “Dave North and Sedgwick’s world-class management team have built the company into an industry leader over the last two decades. We are excited to collaborate with Sedgwick, which has distinguished itself by constantly improving the claims management and loss adjusting process to the benefit of all key stakeholders, including its colleagues, customers, insurance companies and brokers.”

“We are pleased to partner with the exceptional management team and highly talented colleagues of Sedgwick. We look forward to participating in Sedgwick’s next chapter of growth and innovation and working with the company as it builds out its global platform to meet the increasingly complex needs of its clients around the world, while leveraging the One Carlyle network,” said John C. Redett, Carlyle Managing Director and Co-head of Global Financial Services.

“We have greatly valued our partnership with Sedgwick and its exceptional management team,” said Tagar Olson, director of Sedgwick, Member of KKR, and head of KKR’s financial services investing efforts. “We look forward to watching the company’s continued success in delivering high quality technology-driven insurance solutions to clients and consumers around the globe.”

The parties are working to close the deal later this year, subject to customary closing conditions, including regulatory approvals.

Equity capital for the investment will come from Carlyle Partners VII, an $18.5 billion fund that focuses on buyout transactions in the U.S., and Carlyle Global Financial Services Partners III, L.P., a dedicated financial services buyout fund.

BofA Merrill Lynch served as financial advisor to Sedgwick, and Simpson Thacher & Bartlett LLP served as legal advisor. BofA Merrill Lynch, Morgan Stanley and KKR Capital Markets are expected to provide debt financing for the transaction. Morgan Stanley and Sandler O’Neill + Partners, L.P. served as financial advisors to Carlyle, and Wachtell, Lipton, Rosen & Katz served as legal advisor.

About Sedgwick 

Sedgwick is a leading global provider of technology-enabled risk, benefits and integrated business solutions. The company provides a broad range of resources tailored to clients’ specific needs in casualty, property, marine, benefits and other lines. At Sedgwick, caring counts®; through the dedication and expertise of more than 21,000 colleagues across 65 countries, the company takes care of people and organizations by mitigating and reducing risks and losses, promoting health and productivity, protecting brand reputations, and containing costs that can impact the bottom line. For more, see sedgwick.com.

About The Carlyle Group

The Carlyle Group (NASDAQ : CG  ) is a global alternative asset manager with $210 billion of assets under management across 335 investment vehicles. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – corporate private equity, real assets, global credit and investment solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including aerospace, defense and government services, consumer and retail, energy, financial services, health care, industrial, real estate, technology and business services, telecommunications and media, and transportation. The Carlyle Group employs more than 1,625 people in 31 offices across six continents.

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Ratos divests its shares in Gudrun Sjödén Group

Ratos

 

Ratos has signed an agreement to sell all of its shares, corresponding to a holding of 30%, in the associated company Gudrun Sjödén Group to the company’s founder and CEO Gudrun Sjödén. In conjunction with the transaction, Gudrun Sjödén will resume full ownership of the company. Ratos will receive a consideration of approximately SEK 225m for its shares.

Gudrun Sjödén Group, an international design company with a unique, colourful design and a clear sustainability profile, was founded in 1976 by Gudrun Sjödén. Gudrun still runs the company as an active owner, CEO and Creative Director.

“After two years partnership, Ratos and Gudrun Sjödén have agreed that the company will be wholly owned by Gudrun going forward. We are convinced that the company will continue to perform well under an ownership led by Gudrun, CEO, owner and founder. By selling our shares, Ratos ends a good investment and continue the work of developing our portfolio,” says Jonas Wiström, CEO of Ratos.

“Our partnership with Ratos over the past two years has also been a learning experience for Gudrun Sjödén Group. I remain highly committed to the active ownership and development of the company, which is why I have chosen to reinvest in the company and continue our growth toward becoming a more global and digital Gudrun Sjödén Group,” says CEO and owner Gudrun Sjödén.

Ratos has been a part-owner of Gudrun Sjödén Group since September 2016. During Ratos’s holding period, the company has displayed a positive earnings trend and developed as a brand through investments in its organisation, digitalisation and increased customer value. An agreement has now been signed to sell all of Ratos’s shares. Ratos will receive a consideration of approximately SEK 225m for its shares. The total investment in the company amounts to SEK 160m for a 30% holding.

The divestment is expected to generate a positive exit gain of approximately SEK 30m and is scheduled to be completed in the third quarter of 2018.

For further information, please contact:
Jonas Wiström, CEO, Ratos, +46 8 700 17 00

Anders Slettengren, Vice President, Ratos, +46 72 589 89 00

Helene Gustafsson, Head of IR and Press, Ratos, +46 70 868 40 50

Financial calendar from Ratos:

Interim report January-September 2018        25 October 2018

Year-end report 2018                                     15 February 2019

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 13 medium-sized Nordic companies, with the largest segments in terms of sales being Industrials, Construction and Consumer goods/Commerce. Ratos is listed on Nasdaq Stockholm and has a total of approximately 12,700 employees.

 

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The Carlyle Group to become majority investor in Sedgwick in $6.7 billion transaction

KKR

Investment will foster continued growth of global claims management provider

MEMPHIS, Tenn. and NEW YORK, Sept. 12, 2018 /PRNewswire/ — Sedgwick, a global provider of technology-enabled risk, benefits and integrated business solutions, announced today that affiliates of funds managed by The Carlyle Group (NASDAQ : CG  ) have agreed to become the majority owner of Sedgwick in a transaction valued at approximately $6.7 billion. Current majority shareholder KKR will fully exit its position following the transaction. Funds managed by Stone Point Capital LLC and Caisse de dépôt et placement du Québec (CDPQ), together with Sedgwick management, will remain minority investors.

“At Sedgwick, taking care of people is at the heart of everything we do, and I am proud that The Carlyle Group appreciates the value our colleagues create when they put our caring counts® philosophy into practice,” said Dave North, president and CEO of Sedgwick. “We are humbled by the confidence they have shown in our business model, and we look forward to partnering with Carlyle on developing and delivering innovative solutions for our clients around the world. We are grateful for the strong and value-added partnership with KKR over the last handful of years.”

On an annual basis, Sedgwick handles more than 3.6 million claims and has fiduciary responsibility for claim payments totaling more than $19.5 billion.

Stephen H. Wise, Managing Director and Global Head of Healthcare for The Carlyle Group, said, “Dave North and Sedgwick’s world-class management team have built the company into an industry leader over the last two decades. We are excited to collaborate with Sedgwick, which has distinguished itself by constantly improving the claims management and loss adjusting process to the benefit of all key stakeholders, including its colleagues, customers, insurance companies and brokers.”

“We are pleased to partner with the exceptional management team and highly talented colleagues of Sedgwick. We look forward to participating in Sedgwick’s next chapter of growth and innovation and working with the company as it builds out its global platform to meet the increasingly complex needs of its clients around the world, while leveraging the One Carlyle network,” said John C. Redett, Carlyle Managing Director and Co-head of Global Financial Services.

“We have greatly valued our partnership with Sedgwick and its exceptional management team,” said Tagar Olson, director of Sedgwick, Member of KKR, and head of KKR’s financial services investing efforts. “We look forward to watching the company’s continued success in delivering high quality technology-driven insurance solutions to clients and consumers around the globe.”

The parties are working to close the deal later this year, subject to customary closing conditions, including regulatory approvals.

Equity capital for the investment will come from Carlyle Partners VII, an $18.5 billion fund that focuses on buyout transactions in the U.S., and Carlyle Global Financial Services Partners III, L.P., a dedicated financial services buyout fund.

BofA Merrill Lynch served as financial advisor to Sedgwick, and Simpson Thacher & Bartlett LLP served as legal advisor. BofA Merrill Lynch, Morgan Stanley and KKR Capital Markets are expected to provide debt financing for the transaction. Morgan Stanley and Sandler O’Neill + Partners, L.P. served as financial advisors to Carlyle, and Wachtell, Lipton, Rosen & Katz served as legal advisor.

About Sedgwick 

Sedgwick is a leading global provider of technology-enabled risk, benefits and integrated business solutions. The company provides a broad range of resources tailored to clients’ specific needs in casualty, property, marine, benefits and other lines. At Sedgwick, caring counts®; through the dedication and expertise of more than 21,000 colleagues across 65 countries, the company takes care of people and organizations by mitigating and reducing risks and losses, promoting health and productivity, protecting brand reputations, and containing costs that can impact the bottom line. For more, see sedgwick.com.

About The Carlyle Group

The Carlyle Group (NASDAQ : CG  ) is a global alternative asset manager with $210 billion of assets under management across 335 investment vehicles. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – corporate private equity, real assets, global credit and investment solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including aerospace, defense and government services, consumer and retail, energy, financial services, health care, industrial, real estate, technology and business services, telecommunications and media, and transportation. The Carlyle Group employs more than 1,625 people in 31 offices across six continents.

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Scanship signs contract with Atlantic Sapphire

 

Reiten

Scanship has signed a contract with Billund Aquakulturservice for the delivery of a sludge handling system to Atlantic Sapphire – the world’s largest onshore salmon fishfarm based in Miami. Atlantic Sapphire’s facility will be built in several steps and the Scanship contract includes supplying its “environmental protection and circular economy” technology for the first step.

Atlantic Sapphire’s facility will be the worlds largest with an annual production capacity of 90.000 tonn when completed.

“With this milestone contract, we are now in all three segments of a growing aquaculture market for smolt, seabased closed cage and landbased farms”, says CEO in Scanship Henrik Badin.

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ARDIAN Real Estate acquires office complex in Berlin’s City West

Ardian

Eighth investment by Ardian Real Estate continues investment strategy with focus on key cities in Germany, France and Italy

Frankfurt am Main/Berlin, September 11 2018 – Ardian, a world-leading private investment house, has signed an agreement with Conren Land AG to acquire an office complex at Spichernstrasse 2-3 in the City West district of Berlin.

Located in the heart of Berlin, the property has around 12,600 square metres of rental space. The acquisition represents the third transaction by the Ardian Real Estate Europe Fund (AREEF) in Germany and the eighth overall. The fund has assets under management of more than €700 million.

Continuously maintained since it was built in 1993, the complex fulfils modern office standards. Furthermore, it is situated in an attractive location south of the prime City West area – Berlin’s premier office district. The complex is in the direct vicinity of two major shopping streets, Kurfürstendamm and Tauentzienstrasse, and the KaDeWe department store. Located beside the Spichernstrasse underground station, the property has excellent connections to local public transport. The eight-storey building, which has an impressive roof terrace, has a maximum rental area of 1,750 square metres per floor. Each floor can be divided into three separate rental units with a minimum size of 380 square metres, allowing the space to be used efficiently and flexibly. A two-storey underground car park with 80 parking spaces is also part of the property. The building is fully let to eight companies at present. No financial details of the transaction are to be disclosed.

Bernd Haggenmüller, Managing Director, Ardian Real Estate said: “As one of the leading cultural, political and business centres in Europe, Berlin is well known for its dynamic innovation and start-up scene. City West is an attractive office location in Berlin, characterised by high demand for office space and low vacancy rates. We see considerable potential for both rental income and value growth in the core-plus property that we have now acquired in Spichernstrasse, which we intend to realise using our asset management expertise. It fits perfectly into the AREEF investment strategy, in which we acquire and develop attractive core-plus and value-add properties in key European cities.”

Other investments made so far by Ardian Real Estate include the Konrad office complex, the Heinemann Bogen office complex (both located in Munich), four office buildings in Paris and an Italian portfolio with office properties in Milan and Rome. AREEF focuses on transactions with a volume between €50 million and €150 million.

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 530 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.

Follow Ardian on Twitter @Ardian

www.ardian.com

LIST OF PARTIES INVOLVED

Herbert Smith Freehills, CBRE PREUSS VALTEQ, taxess, Pinsent Masons and BFIN acted in an advisory capacity during the transaction.

PRESS CONTACTS

ARDIAN
Headland
Carl Leijonhufvud
cleijonhufvud@headlandconsultancy.com
Tel: +44 020 3805 4827

Categories: News

Funds advised by Apax Partners invest in Paycor

Apax

Cincinnati and New York, September 11, 2018 – Funds advised by Apax Partners announced they have agreed to invest in Human Capital Management company Paycor. Paycor provides HR, payroll, time, recruiting, benefit administration and other services to over 38,000 medium and small-sized companies. Paycor is committed to building great software and delivering differentiated, personal client experiences.

The company has achieved 18 consecutive years of growth, recruited industry veterans to its executive team and increased headcount for proactive customer success management. At the helm is Founder and CEO, Bob Coughlin, who will continue to lead the company.

“Paycor is built on relationships – first and foremost with our customers, but also with partners, associates, investors and the community at large. Since 1990, we have dedicated ourselves to furthering these relationships, and today we are positioned better than ever to continue that mission,” said Bob Coughlin, CEO and Founder of Paycor. “We are proud to be partnering with Apax who is aligned with our strategic growth plans, shares our dedication to exceptional client service and whose expertise in software will support our SaaS HCM platform.”

Jason Wright, Partner at Apax Partners, said: “We have been tracking the payroll and HCM software market for some time due to its size and healthy growth rate. Paycor stood out for the breadth of its product offering, track record of organic growth, and customer-centric approach.

“We look forward to working with Bob and his team to continue to grow the business through investment in product development and geographic expansion.”

Funds advised by Apax Partners invest in Paycor

About Paycor

Paycor is a trusted partner to more than 38,000 medium and small-sized businesses. Known for delivering modern, intuitive recruiting, HR and payroll solutions, Paycor partners with businesses to optimize the management of their most valuable asset — their people. Paycor’s personalized support and user-friendly technology ensure that key business processes, including recruiting, onboarding, reporting, timekeeping, compliance and payroll, run smoothly. Paycor’s people operations solutions are recommended by today’s most innovative brokers, bankers, and CPAs. Learn how Paycor can transform your business by starting a conversation at http://www.paycor.com.

About Apax Partners  

Apax Partners is a leading global private equity advisory firm. Over its more than 35-year history, Apax Partners has raised and advised funds with aggregate commitments of over $50 billion. The Apax Funds invest in companies across four global sectors of Tech & Telco, Services, Healthcare and Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see: www.apax.com.

Media Contacts

For Paycor:

Tanaya Lukaszewski | +1 916-712-3791 | tanaya@offleashpr.com

For Apax Partners:

Global Media: Andrew Kenny, Apax | +44 20 7 872 6371 | andrew.kenny@apax.com

USA Media: Todd Fogarty, Aduke Thelwell, Kekst | +1 212-521 4800 | apax@kekst.com

UK Media: Matthew Goodman / James Madsen, Greenbrook | +44 20 7952 2000 |

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