Monthly Archives: October 2018

Montagu and Astorg enter into an exclusive agreement to form a partnership on Nemera

Montagu

17 October 2018 – Montagu Private Equity (“Montagu”) and Astorg (“Astorg”) today announce that Montagu has signed an agreement to sell Nemera (“the company”), a leading global manufacturer of drug administration systems for the pharmaceutical industry, to Astorg.

While committing to acquire the business in full, Astorg has offered Montagu the opportunity to reinvest as a partner in the next phase of Nemera’s growth, alongside its management team. Given the strength and growth potential of the company, Montagu has elected to exercise this option and form an equal partnership with Astorg to support Nemera’s management team in delivering the company’s ambitious development plans. Further terms of the transaction were not disclosed.

Headquartered in La Verpillière (France), Nemera designs, develops, and manufactures a full range of drug delivery devices including auto-injectors, inhalers, insulin pens, eye droppers and pumps from four state-of-the-art manufacturing sites in France, Germany and the US. Its products are sold to a variety of blue-chip customers from the pharmaceutical, biotech and generics industries. Nemera employs 1,950 full-time-equivalent employees.

With the support of Montagu, Nemera has grown its sales by 50% and increased by 25% its workforce since its carve out from Rexam PLC in 2014. The company has also further strengthened its world-class innovation centre and developed new services in line with its long-term commitment to improve patients’ lives and remain the partner of choice for its longstanding clients.

Following the transaction, Astorg will jointly control Nemera with Montagu, providing the financial resources and sector expertise required to support management’s ambitious growth plans, both organically and via carefully selected add-on acquisitions.

Marc Haemel, Nemera’s CEO, said “We are excited about our new partnership with Astorg and Montagu. We have been very impressed by Astorg’s in-depth understanding of our business, as well as their overall expertise in the healthcare space, which will help us fulfill our growth ambitions. We are also delighted to continue working with Montagu, who has significantly contributed to our success.

This transaction opens a promising new chapter for the company. It will allow us, with the support of Astorg and the continued commitment of Montagu, to build upon the company’s strengths and accelerate the development of our proprietary device portfolio and innovation capabilities, while also exploring additional value-creating opportunities.”

Completion of the transaction is subject to satisfactory clearance from relevant anti-trust authorities.

Astorg was advised by Citigroup and Latham & Watkins. Montagu was advised by HSBC, Morgan Stanley and Weil Gotshal.

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KKR and Regal London Acquire Strategic New Site In London’s SW9

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KKR

London, 17 October 2018 – Leading developer Regal London, and joint venture partner KKR, a leading global investment firm, have acquired a strategic new site at 340a Clapham Road, SW9, situated between Stockwell and Clapham North. The site represents Regal London’s and KKR’s first development through their joint venture. Upon completion, the total GDV of the scheme is expected to be in the region of £50million.

The brownfield site (formerly a tool hire depot), will become a vibrant mixed use, residential-led development, set to total 94,740 sq ft (GIA). It will deliver 62 one, two and three bedroom apartments – 12 of which will be available for Shared Ownership – spread over nine floors. The ground and lower ground floors will comprise approximately 18,250 ft² (GIA) of flexible B1/A1 commercial space. Planning permission was granted in June 2017 following a collaborative working relationship with the London Borough of Lambeth.

With a high quality and contemporary design, both of which are hallmarks of every Regal London scheme, the development will complement the surrounding streetscape of new build and period properties. Every apartment will benefit from a private balcony, while residents will also have access to communal gardens and a roof terrace.

An established network of transport links is within easy reach of the development, with Stockwell Underground Station just 0.2miles away, as well as Clapham North Underground Station and Clapham High Street Overground Station both within a short walk.

A thriving social and leisure scene is also nearby, led by the bars, pubs, restaurants and cafes, as well as a selection of amenities, in situ along the lively Clapham High Street and its surrounds.

Simon De Friend, CEO, Regal London, comments:

“Ensuring that our sites are attached to wider areas of investment and regeneration is fundamental to our development strategy. 340a Clapham Road has the necessary infrastructure to support a thriving community. With the character and amenities of both Clapham High Street and Stockwell just a stone’s throw away, it is set to be a sought-after proposition for first time buyers and young professionals alike.”

Guillaume Cassou, Member and Head of European Real Estate at KKR, adds:

“We are excited about our first transaction with Regal London, which comes at a time when London continues to require attractive and affordable housing, and builds on our strong track record of working with leading developers in markets around Europe.”

Christopher Shaw, CEO, Shaw Corporation Limited, comments:

“Shaw Corporation Limited acting for the landowner, David Pearl’s Totsbridge Limited, secured planning permission for the redevelopment of this strategic site in June 2017 having worked collaboratively with the London Borough of Lambeth to achieve agreement on the mixed use proposals.  We are delighted that Regal London and its joint venture partner, KKR, will take this development forward and deliver our collective vision that completes the regeneration of this part of Clapham Road, providing new high quality homes, including much needed affordable homes, and flexible workspace.”

Work is set to begin on site at 340a Clapham Road in H1 2019. Completions are expected to be from late 2021.

KKR’s investment is being made through its Real Estate Partners Europe fund.

Media contacts

For Regal London:
Tahlie Cooper
Edelman
Email: tahlie.cooper@edelman.com
Tel: 020 3047 4158

For KKR:
Alastair Elwen
Finsbury
Email: Alastair.elwen@finsbury.com
Tel: 0207 251 3801

About Regal London
Regal London is a privately held property development firm which has been delivering outstanding mixed used developments in the London market since 1998. The company has over 475,000 sq ft of high quality commercial space completed and underway, as well as 3,250 residential units, ranging from eight-bedroom luxury houses to chic city apartments, all of which have Regal London’s hallmark of quality, with superior specifications and customer service.

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.

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Altas to Acquire a Significant Interest in Hub International

Altas Partners

Altas Partners announced today that it has signed an agreement to acquire a significant interest in Hub International Limited (Hub), a leading full-service global insurance brokerage.

Headquartered in Chicago, Illinois, Hub International provides property and casualty, life and health, employee benefits, investment and risk management products and services. With more than 11,000 employees in offices located throughout North America, Hub’s vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions.

The transaction is expected to close before the end of 2018 and is subject to customary closing conditions and regulatory approvals.

For more information, visit https://www.hubinternational.com/en-CA/

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Onex Invests in Ryan – A Leading Global Tax Services and Software Provider –

Onex

Toronto, Ontario and Dallas, Texas, October 17, 2018 – Onex Corporation (“Onex”) (TSX: ONEX) today announced it acquired a 42% interest in Ryan, LLC (“Ryan”) for $317 million, which values the company at $1.1 billion.
Headquartered in Dallas, Texas, Ryan is a leading global tax services and software provider with an integrated suite of federal, state, local, and international tax services, and is the largest firm in the world dedicated exclusively to business taxes. Its multi-disciplinary team of more than 2,200 professionals and associates serves over 14,000 clients, including many of the world’s most prominent companies.

“Onex is the ideal partner for us given its strong track record and focus on growing companies and supporting the management teams in which it invests,” said G. Brint Ryan, Founder, Chairman and Chief Executive Officer of Ryan. “In recent years, we’ve significantly expanded our business, adding new service lines and growing our premium client roster. With the backing of Onex, we’ll continue this momentum to increase the value we bring to our clients.”
“Ryan is a trusted advisor to many of the world’s most respected organizations. This is a direct reflection of the caliber and values of Ryan’s people who are completely aligned with the success of their clients and work relentlessly on their behalf,” said Amir Motamedi, a Managing Director with Onex. “We’re delighted to be in business with Brint and his team and look forward to the years ahead.”
Onex invested $86 million of equity as a limited partner in Onex Partners IV. Onex expects to begin accruing fees on Onex Partners V, a $7.15 billion fund raised in 2017, once its previously announced acquisition of KidsFoundation closes later this year.
BofA Merrill Lynch acted as financial advisor and Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisor to Onex. Baker & McKenzie LLP acted as legal advisor to Ryan.

About Onex
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 $33 billion of assets under management, including $6.8 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’ businesses have assets of $48 billion, generate annual revenues of $31 billion and employ approximately 211,000 people worldwide. 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. Onex’ security filings can also be accessed at www.sedar.com.

About Ryan
Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. With global headquarters in Dallas, Texas, the Firm provides an integrated suite of federal, state, local, and international tax services on a multi-jurisdictional basis, including tax recovery, consulting, advocacy, compliance, and technology services. Ryan is a six-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan’s multi-disciplinary team of more than 2,200 professionals and associates serves over 14,000 clients in more than 50 countries, including many of the world’s most prominent Global 5000 companies. “Ryan” and “Firm” refer to the global organizational network and may refer to one or more of the member firms of Ryan International, each of which is a separate legal entity. For more information on Ryan, visit its website at www.ryan.com.

This news release may contain forward-looking statements that are based on Onex and Ryan management’s current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Onex and Ryan are under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.

Onex
Emilie Blouin
Director, Investor Relations
+1.416.362.7711
Ryan
Patty Sullivan
Director, Communications
+1.469.399.4721 or patty.sullivan@ryan.com

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InfraRed Active Real Estate Fund IV reaches its final close

InfraRed Capital Partners

InfraRed Capital Partners has reached the final closing of its latest real estate fund, InfraRed Active Fund IV, (“Active Fund IV” or “the Fund”) with total equity commitments of £522m (c. US$690m), exceeding its £500m target.

With the associated leverage envisaged for its strategy, Active Fund IV has an investment capacity of over £1.2bn. The Fund continues InfraRed’s successful strategy of focusing on intensively managed, high value-add opportunities in core markets, primarily in Germany, France and the UK. InfraRed has already committed more than 30% of the Fund’s capital to five assets, including office projects in Munich, Paris and Frankfurt.

Over 30 investors across the globe have committed to Active Fund IV, including pension plans, foundations, wealth managers and family offices from North America, Europe, the Middle East and Asia.

Chris Huxtable, Head of European Real Estate, noted: “We are very pleased with the support we have received from our investors, many of whom have experienced our disciplined and hands-on investment style over several years. The scope and quality of our investor base is testament to InfraRed’s track record and team.”

Commenting on the fundraising, Andreas Katsaros, Head of Real Estate Strategy & Origination, said: “Reaching deep into a select number of fundamentally strong markets, unearthing high quality opportunities, working with our tenants and creating highly desirable core assets with long-term purpose has been the mainstay of our investment approach. Our Fund IV investments in Munich, Paris and Frankfurt are great examples of this formula, and we are excited about the new projects we are expecting to add to the portfolio soon.”

Atlantic-Pacific Capital acted as global placement agent for InfraRed.

Enquiries

Tulchan Communications
+44 (0) 20 7353 4200
Toby Bates
Sheebani Chothani

 

More Information

About InfraRed Capital Partners:

InfraRed is a leading global investment manager focused on infrastructure and real estate. It operates worldwide from offices in London, Hong Kong, New York, Seoul and Sydney. With around 140 professionals it manages in excess of USD 10bn of equity capital in multiple private and listed funds, primarily for institutional investors across the globe.

Since its inception over 25 years ago, InfraRed has launched 18 funds, including two companies listed on the London Stock Exchange: HICL Infrastructure Company Limited and The Renewables Infrastructure Group. To date, six of these funds have been realised.

InfraRed has been an active real estate investor and manager from the start  and focuses on assets which suit its intensive management style, targeting well-located, mostly multi-let properties in the key urban growth centres of Europe. InfraRed has also been an investor and manager in Asian real estate for over 10 years and is one of the leading international investors in the Greater China real estate market.

InfraRed implements best-in-class practices to underpin asset management and investment decisions, promotes ethical behavior and has established community engagement initiatives to support good causes in the wider community. InfraRed is a signatory of the Principles of Responsible Investment.

Further details can be found on InfraRed’s website, www.ircp.com.

 

About Atlantic-Pacific Capital, Member FINRA and SIPC:

Atlantic-Pacific Capital is one of the largest privately-owned global placement agents and advisory firms dedicated to raising capital for alternative investments. Since its founding in 1995, the firm has executed more than 100 capital raising assignments aggregating over $70 billion for an extraordinary group of alternative asset managers. Typical mandates include private equity, real estate, real assets, natural resources and infrastructure fund placements. Atlantic-Pacific provides global marketing distribution and project management execution using a focused and customized approach. With experienced professionals located in seven offices throughout the United States, London and Hong Kong, Atlantic-Pacific maintains a global network of trusted relationships with influential institutional investors.

Further details can be found on www.apcap.com

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The Carlyle Group acquires EnerMech from Lime Rock Partners

Carlyle

Acquisition will support continued global growth of energy services company

London, UK, 15 October 2018 – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announces that it has agreed to acquire EnerMech Group Ltd, an international services company providing critical asset support to the energy, infrastructure and industrials sectors, from Lime Rock Partners. The transaction is expected to close in Q4 2018, subject to customary anti-trust and regulatory approvals.

Equity for this investment will come from Carlyle International Energy Partners (CIEP), a $2.5 billion fund that invests in the global oil and gas sector outside North America. The Fund’s mandate includes exploration & production, mid-stream, downstream and oil field services. Credit Suisse, Lloyds and DNB have underwritten the all-senior rated loan financing the acquisition.

EnerMech provides a range of mechanical, electrical and instrumentation services to the global energy and infrastructure industries. With operations in Australia, the Americas, Europe, Middle East, Caspian, Africa and Asia, the business provides innovative integrated solutions that maximise efficiencies across multiple phases of the asset lifecycle from pre-commissioning, commissioning, maintenance and operations support, through to late life support.

Doug Duguid, CEO of EnerMech, said: “This transaction marks the beginning of a new chapter for EnerMech as we continue to develop our business, grow our global footprint and enter new markets. We are excited to be partnering with CIEP, whose expertise and track record in the energy space will provide valuable support for our strategy and next phase of growth.”

Marcel van Poecke, Head of Carlyle International Energy Partners, said: “EnerMech is an attractive, well-positioned international integrated energy, infrastructure and industrial services company, led by a strong team. The company has multiple avenues for growth. We believe potential synergies across CIEP’s portfolio companies as well as the broader Carlyle family are attractive. We look forward to working with the team and supporting EnerMech’s continued growth.”

John Reynolds, Co-Founder and Managing Director of Lime Rock Partners, said: “We have greatly valued our partnership with Doug Duguid, Michael Buchan and the entire EnerMech team as we supported the business’s growth and transformation since inception. We are confident that the company will continue to thrive under Carlyle’s ownership.”

*****

For More Information

EnerMech Ltd

Stephen Rafferty
+44(0)7980 598764
stephen@surepr.co.uk

The Carlyle Group

Katarina Sallerfors
Tel: +44 (0) 207 894 3554
Email: katarina.sallerfors@carlyle.com

About EnerMech

Formed in April 2008, EnerMech provides a broad range of asset support services to the international energy and infrastructure sectors, from pre-commissioning through operations and maintenance and late-life support/decommissioning. The business is focused on offering a safer, more customer-focused, responsive service at lower cost, while delivering a much greater level of engineering and technical support than competitors can offer.

With a 3,500-strong workforce, EnerMech specialises in providing integrated supply, operations, maintenance and engineering solutions in its core services of Cranes and Lifting, Electrical and Instrumentation, Equipment Rental, Hydraulic products and services, Industrial Services, Process, Pipeline and Umbilicals (PPU), Maintenance and Integrity Services, Training and Valve supply and services.

The group is headquartered in Aberdeen with bases in Great Yarmouth, Bristol (UK); Stavanger, Bergen, (Norway); Houston, Broussard, Pasadena, Sulphur, Casper, Williston (USA), Trinidad, Mexico, Abu Dhabi, Iraq, Qatar, Saudi Arabia, Azerbaijan, Kazakhstan, Georgia, Singapore; Perth, Melbourne, Sydney, Brisbane, Darwin, Gladstone, Chinchilla (Australia); Malaysia, China, South Korea, India, Ghana, Nigeria, Angola and South Africa.

Website: www.enermech.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 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’s Energy Platform

Carlyle has constructed a broad-based global energy, natural resources and infrastructure platform (currently with $25 billion in assets under management and 107 active portfolio companies), consisting of International Energy, North American Energy, North American Power and Global Infrastructure.

About Carlyle International Energy Partners (CIEP)

Established in May 2013, the Carlyle International Energy Partners team focuses on oil and gas exploration and production mid- & downstream, refining and marketing and oil field services in Europe, Africa, Latin America and Asia.

The team, based in London, consists of 13 investment professionals, all with extensive international oil and gas industry investment and operational expertise. In addition to Marcel van Poecke, it includes Managing Directors Bob Maguire and Joost Dröge, both industry veterans with 55 years’ combined successful energy investing experience, as well as Paddy Spink, Senior Advisor, with 35 years’ upstream experience in Africa, Latin America & Europe. Since its inception the fund has completed nine investments.

For more information: https://www.carlyle.com/our-business/real-assets/carlyle-international-energy-partners.

About Lime Rock Partners

Since its inception in 1998, Lime Rock Management has raised $8.6 billion in private equity funds and affiliated co-investment vehicles for investment in the energy industry through Lime Rock Partners, investors of growth capital in E&P and oilfield services companies in the U.S. shales and elsewhere, and Lime Rock Resources, acquirers and operators of oil and gas properties in the United States. For more information, please visit: www.lrpartners.com.

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The Carlyle Group Leads Investment in Adicon, an Independent Clinical Laboratory Company in China

Carlyle

Carlyle’s Global Healthcare Network and Experience to Help Expand the Business

Hangzhou, China – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that it, together with Meinian Onehealth Healthcare Holdings Co., Ltd., has invested in and become the single largest shareholder of, Adicon Holding Limited, one of the largest independent clinical laboratory (ICL) companies in China. Equity for the investment came from Carlyle Asia Partners V, Carlyle’s flagship US$6.55 billion fund focused on buyout and strategic investments across a range of sectors in Asia Pacific.

Established in 2004, Adicon operates 20 fully-owned diagnostic laboratories in China, offering diagnostic testing outsourcing services to more than 10,000 active customers, including hospitals, clinics and contract research organizations (CROs) in 28 provinces. China’s ICL industry is a fast-growing market, driven by growing healthcare expenditure, rising diagnostic demand, continued technology innovation and hospital cost control trends. As an ICL industry pioneer, Adicon has developed a scalable operation with high quality standards and a network of laboratories certified with China National Accreditation Services for Conformity Assessment (CNAS). Adicon’s comprehensive test portfolio includes a range of esoteric tests, addressing diverse customer demands.

Ling Yang, Managing Director of the Carlyle Asia Buyout advisory team, said, “We are excited to have the opportunity to invest in Adicon. Adicon is a platform company, which taps into the sustained growth and innovation in China’s healthcare market and helps the health system achieve cost savings. We have seen ICL leaders grow into substantial businesses in mature markets, and believe Adicon has similar potential. We look forward to working with our partners and the existing management team to build this company together.”

The Carlyle Group has invested more than US$11.5 billion of equity in more than 65 transactions in the global healthcare industry as of June 30, 2018. In Asia, Carlyle has invested approximately US$1.5 billion in 10 healthcare companies.

As one of the first and most active international private equity investors in China, Carlyle has adopted a local approach towards investments in China for two decades. Carlyle has invested more than US$8 billion of equity in nearly 100 private equity transactions across China through its US dollar and RMB investment vehicles as of June 30, 2018.

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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

Media Contacts:

Brian Zhou
+86 10 57067070
Brian.zhou@carlyle.com

Tammy Li
+852 2878 5236
Tammy.li@carlyle.com

 

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The Carlyle Group to Acquire Apollo Aviation Group, a Commercial Aviation Investment Firm

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Carlyle

Carlyle Expands Global Credit Platform with Acquisition

Firm Manages $5.6 Billion in Institutional Capital and Structured Aircraft Financings

New York, NY – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced it has agreed to acquire 100% of Apollo Aviation Group (AAG), a global commercial aviation investment and servicing firm with $5.6 billion in assets under management including 243 aircraft owned, managed or committed to purchase. AAG will become a new business line, operating as Carlyle Aviation Partners Ltd., within Carlyle’s Global Credit Segment. The transaction is subject to customary conditions and is expected to close no later than January 31, 2019.

Established in 2002, AAG raises closed-end funds from limited partners to provide financing solutions to the commercial aviation sector. AAG purchases, leases and manages portfolios of commercial aircraft. This acquisition will allow Carlyle’s Global Credit platform to offer long-duration exposure to commercial aviation markets through a variety of credit, equity and structured finance instruments.

Carlyle Co-CEO Kewsong Lee said, “This corporate acquisition expands Carlyle’s Global Credit capabilities, particularly in the growing asset-based credit market. AAG is a scalable platform with strong growth prospects given its 16-year history and track record of performance.”

Mark Jenkins, Head of Carlyle’s Global Credit Segment, said, “AAG’s expertise in managing and investing in aviation assets and use of long-term fund structures allows it to invest well through economic cycles. We are excited to welcome the highly accomplished AAG management team, which is a proven force in the growing commercial aviation finance market.”

Bill Hoffman, Chairman of Apollo Aviation, said, “The Carlyle Group has demonstrated itself to be one of the leading alternative asset managers worldwide and Robert and I couldn’t think of a better home for the business we’ve built over the past 16 years.”

Robert Korn, President of Apollo Aviation, added, “Joining forces with The Carlyle Group allows us to continue to support our airline customers and play an even greater strategic role in the aviation sector.”

Aviation / Lessor Market Growth

• Global passenger traffic has doubled every 15 years (1973 –2015)

• Passenger growth: 1987 – 1 billion; 2005 – 2 billion; 2013 – 3 billion

• ~41,000 aircraft with a value of ~$6.1 trillion are forecast to be delivered by 2038

• The percentage of operators’ fleets sourced through lessors has grown from 20% to 40% since 1998; expected to grow to 50%+ of the global fleet by 2020

Carlyle’s Global Credit platform, with $36 billion in assets as of June 30, 2018, includes funds in Loans & Structured Credit, Direct Lending, Opportunistic Credit, Energy Credit and Distressed Credit. These businesses have more than 100 investment professionals in New York, Washington, DC, Los Angeles, Chicago, Hong Kong and London.

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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 Apollo Aviation Group

Apollo Aviation Group is a multi-strategy aviation investment manager that seeks to capitalize on its extensive technical knowledge, in-depth industry expertise and long-standing presence in the mid-life commercial aviation sector. Founded in 2002, Apollo Aviation has total assets under management of $5.6 billion, with over 80 employees and offices in the US, Ireland and Singapore. The company has 243 aircraft owned, managed or committed to purchase, and 11 aircraft engines, with 110 airlines lessees in 58 countries.

Media Contact:

Chris Ullman
+1 (202) 729-5450
chris.ullman@carlyle.com

Public Market Investor Relations:

Daniel Harris
Phone: +1 (212) 813-4527
daniel.harris@carlyle.com

 

Categories: News

The Carlyle Group Leads Investment in Adicon, an Independent Clinical Laboratory Company in China

Carlyle

Carlyle’s Global Healthcare Network and Experience to Help Expand the Business

Hangzhou, China – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that it, together with Meinian Onehealth Healthcare Holdings Co., Ltd., has invested in and become the single largest shareholder of, Adicon Holding Limited, one of the largest independent clinical laboratory (ICL) companies in China. Equity for the investment came from Carlyle Asia Partners V, Carlyle’s flagship US$6.55 billion fund focused on buyout and strategic investments across a range of sectors in Asia Pacific.

Established in 2004, Adicon operates 20 fully-owned diagnostic laboratories in China, offering diagnostic testing outsourcing services to more than 10,000 active customers, including hospitals, clinics and contract research organizations (CROs) in 28 provinces. China’s ICL industry is a fast-growing market, driven by growing healthcare expenditure, rising diagnostic demand, continued technology innovation and hospital cost control trends. As an ICL industry pioneer, Adicon has developed a scalable operation with high quality standards and a network of laboratories certified with China National Accreditation Services for Conformity Assessment (CNAS). Adicon’s comprehensive test portfolio includes a range of esoteric tests, addressing diverse customer demands.

Ling Yang, Managing Director of the Carlyle Asia Buyout advisory team, said, “We are excited to have the opportunity to invest in Adicon. Adicon is a platform company, which taps into the sustained growth and innovation in China’s healthcare market and helps the health system achieve cost savings. We have seen ICL leaders grow into substantial businesses in mature markets, and believe Adicon has similar potential. We look forward to working with our partners and the existing management team to build this company together.”

The Carlyle Group has invested more than US$11.5 billion of equity in more than 65 transactions in the global healthcare industry as of June 30, 2018. In Asia, Carlyle has invested approximately US$1.5 billion in 10 healthcare companies.

As one of the first and most active international private equity investors in China, Carlyle has adopted a local approach towards investments in China for two decades. Carlyle has invested more than US$8 billion of equity in nearly 100 private equity transactions across China through its US dollar and RMB investment vehicles as of June 30, 2018.

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About The Carlyle Group

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ARDIAN and PRELIOS SGR complete the sale of two office buildings in central Milan

Ardian
Milan, 15 October 2018 – Ardian, a world-leading private investment house, together with Prelios SGR S.p.A. today announces the sale of two office buildings in central Milan to a foreign institutional investor.
AREEF 1 – SICAF S.p.A., a company managed by Prelios SGR S.p.A. and fully subscribed by Ardian Real Estate European Fund SCS (AREEF I) managed by Ardian, sold the two core buildings located in Via Giorgio Washington 70 and Corso Italia 13, with a total rental area of ca. 23.500 square meters.The assets were part of the Mirò transaction executed in March 2017. This was followed by an intensive value creation program to renovate the buildings and reduce vacancy in line with Ardian Real Estate’s strategy.
For this transaction, Ardian and Prelios SGR were advised by GVA Redilco (real estate advisor) and Chiomenti (Legal advisor).

Andrea Cornetti, General Manager at Prelios SGR, said: “The transaction is in line with Prelios SGR’s strategy and delivers excellent returns. We want to emphasize the success of the value creation strategy which vastly improved the two building’s rental profile and quality. The sale confirms the continued interest of international investors in the Italian property market and recognizes Prelios SGR as a trusted manager of property funds and alternative vehicles like SICAFs.”

Rodolfo Petrosino, Managing Director for Southern Europe at Ardian Real Estate, added: “This is a great achievement and confirms the strength of our investment approach for Ardian’s first Real Estate fund. We believe commercial real estate in Italy offers strong growth opportunities for our investors and we intend to continue our focus on core plus-value added asset class primarily in Milan and Rome, two of the most interesting cities for real estate investment in Europe.”

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$72bn 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 750 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

ABOUT PRELIOS SGR

Prelios SGR is part of the Prelios Group. With assets under management for 4.1 billion Euro and 32 funds (as of December 31, 2017), Prelios SGR is one of Italy’s leading real estate asset managers. It operates primarily in setting up and managing real estate funds alongside more than 180 Italian and international institutional professional investors.

The Prelios Group is the gateway to Italy’s asset management, credit servicing and integrated real estate services market. The Chair of the Prelios Group is Fabrizio Palenzona. The CEO is Riccardo Serrini.

The Prelios Group moved to its new HQ in Via Valtellina, Milan, in May 2018, and employs around 450 people in Italy and Europe – of whom more than 300 in its Milanese offices. It is one of the leading Italian and European players in alternative asset management and specialized property services, with assets under management for a total of more than 30 billion Euro.

Follow Prelios on Twitter @Prelios and on Linkedin linkedin.com/company/prelios-spa/

www.prelios.com
PRESS CONTACTS
ARDIAN
Headland
Carl Leijonhufvud
cleijonhufvud@headlandconsultancy.com
Tel: +44 020 3805 4827
PRELIOS GROUP PRESS OFFICE
+39 02 6281.4176/4826/33628 – pressoffice@prelios.com
Community Strategic Communications Advisers
+39 02 89404231 – prelios@communitygroup.it

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