Terminal One Welcomes Port Authority Decision to Redevelop JFK Terminal One as Part of Advancing Airport’s Ambitious Vision Plan

Carlyle

  • Strong commitment to inclusion and labor participation with unprecedented focus on diversity and MWBE opportunities throughout the project targeting a 30% goal
  • Featuring world-class architecture, security, shopping and convenience
  • Establishing an Airport Academy to train local workers in airport operations and management
  • New terminal will be fueled by a target of 100% renewable energy

New York, NY – The Terminal One Team, comprising Terminal One Group Association (TOGA) and its world-class team of operating and financial partners, today welcomed the Port Authority of New York and New Jersey’s decision to move forward with the redevelopment and expansion of John F. Kennedy (JFK) Airport’s Terminal One in accordance with Governor Cuomo’s Vision Plan for JFK. Terminal One Group Association comprises Air France, Lufthansa, Korean Air and Japan Airlines – all of which partnered in 1994 for the original development of Terminal One at JFK. TOGA is joined by a world-class team of operating and financial partners to help deliver one of the largest public-private partnership projects in America. The TOGA team is an innovative coalition of airlines, labor, minority- and women-owned businesses and strong financial partners that includes: The Carlyle Group, together with its dedicated airport platform, CAG Holdings, JLC Infrastructure, Ullico and Munich Airport International.

“The TOGA airlines are committed to providing world-class levels of service to the people of New York State and New York City. The TOGA partner airlines have been serving JFK for more than 60 years,” said Arthur Molins, Managing Director for TOGA. “We have demonstrated our commitment to the New York market for decades, are confident in its growth potential and look forward to our sustained presence here well into the future.”

“Governor Cuomo has thrashed all the myths about minority participation in major infrastructure projects by insisting on a 30 percent standard throughout the project,” said Earvin “Magic” Johnson, co-founder of JLC Infrastructure. “The old excuses – there are not enough minority contractors, not enough minority financing, not enough minority entrepreneurs – have all been tossed out the window with this project.” JLC Infrastructure is a Port Authority-certified minority owned business and will provide financing for the project.

The new Terminal One will encompass 3 million square feet of terminal space on what is now Terminal One, Terminal 2 and the site of the former Terminal 3 – with 23 new gates (potentially increasing to 27) and additional aircraft parking positions, providing significant additional capacity for millions of passengers.

The Terminal’s architecture will be a unique and iconic gateway, inspired by New York City and all it offers; one such upgrade will be the arrivals corridor, which draws from New York City’s High Line, and will make a grand first impression with clear views of the city’s iconic skyline. The new terminal will bring the current AirTrain inside the facility, improving access and convenience, while offering family-friendly play areas, indoor parks and best-in-class concessions with a strong local Queens flavor.

The facility will offer a seamless, state-of-the-art security experience, cutting down on wait times and providing a more advanced screening process, along with a top-of-the-line baggage claim process to allow passengers to move quickly through the terminal. The new, cutting-edge screening technology will be highly adaptable to combat the ever-evolving threats faced by airports.

The Terminal One Team has also committed to environmental sustainability for its redevelopment of JFK. The redevelopment will reduce energy use in the terminal by 30 percent and switch to 50 percent renewable energy with a target of up to 100 percent renewable energy by 2025. The new terminal will also implement 100 percent composting of organic waste and recycling of inorganic waste.

Construction is expected to begin in early 2020 and finish during the second half of 2025, with the new terminal opening in phases to ensure uninterrupted gate capacity and a seamless transition.

“This project will put thousands of union members to work for a long period of time. With union investment in this deal, this is a partnership model that works for workers, management and investors. The Terminal One Team, in line with the objectives outlined by Governor Cuomo and the Port Authority, went the extra mile to make sure this project is a winner for all parties,” said Edward Smith, President and CEO for Ullico Inc.

The Terminal One Team has also made the JFK community an important element of its plan, including a preference for local businesses, jobs for local residents and quarterly job fairs for New Yorkers, paving paths to permanent employment and community development. In addition, the team is establishing an Airport Academy at JFK to help Queens and regional residents learn the skills needed to work in airport operations, whether at JFK, LaGuardia or anywhere in the world.

“We’re supporting TOGA to deliver a world-class travel experience,” said Peter Taylor, Co-Head of Carlyle’s global infrastructure fund. “TOGA has partnered with Labor and Minority- and Women-Owned Business Enterprises (MWBE), including capacity building and training. TOGA’s MWBE goal is throughout the project, from engineering and architecture, to financial and legal as well as construction.”

“JFK is the world’s gateway to New York and the United States’” added Amit Rikhy, CEO of CAG Holdings. “Working with TOGA, our collaborative, local and world-class team and plan will deliver a redeveloped Terminal One that is part of the unified, interconnected and premier airport New Yorkers deserve.”

See our video here: https://www.carlyle.com/media-room/corporate-videos/ready-fly-%E2%80%93-one-jfk

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About TOGA

TOGA is a New York-based limited partnership of four international airlines: Air France, Japan Airlines, Korean Air and Lufthansa. TOGA was originally formed in 1994 and entered into a long-term Site Lease with the Port Authority of New York & New Jersey to finance, construct, maintain and operate a new passenger terminal facility at JFK, now known as Terminal One. The Terminal is home to the four TOGA Airlines plus 19 other international airlines and is on pace to process approximately 7.7 million passengers to over 38 nonstop international destinations in 2018.  With 10 international gates, Terminal One has been operated by TOGA since May 1998 and is one of only two terminals at JFK that can serve the Airbus 380 superjumbo aircraft.

For media inquiries, contact Arthur Molins at arthur.molins@dlh.de or at +1 516 296 9234.

About The Carlyle Group and CAG Holdings

The Carlyle Group (NASDAQ:CG) is a global alternative asset manager with approximately $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. www.carlyle.com

CAG Holdings is The Carlyle Group’s dedicated US-based investment platform for airport infrastructure investment opportunities globally. CAG Holdings is led by an experienced management team with a track record of over 70+ airport projects globally combined with a deep, localized understanding of the US airport market.

For media inquiries, contact Chris Ullman at chris.ullman@carlyle.com or at +1-202-729-5450.

About JLC Infrastructure

JLC Infrastructure is an investor and asset management firm focused on the transportation, communications, energy, utilities and social infrastructure sectors in the United States. The firm was formed in 2015 by Loop Capital and Magic Johnson Enterprises and currently manages investments in the redevelopments of Terminal B at LaGuardia Airport and Jeppesen Terminal at Denver International Airport (the Great Hall Project).

For media inquiries, contact info@jlcinfra.com.

About Ullico 
For more than 90 years, Ullico, the only labor-owned insurance and investment company, has been a proud partner of the labor movement, keeping union families safe and secure. From insurance products that protect union members, leaders and employers, to investments in building projects that have created thousands of union jobs, our customers continue to trust us with protecting their families, employees and investments. The Ullico Inc. Family of Companies includes The Union Labor Life Insurance Company; Ullico Casualty Group, LLC.; Ullico Investment Company, LLC (Member FINRA/SIPC).; and Ullico Investment Advisors, Inc.

For media inquiries, contact Cori Houlihan at choulihan@ullico.com or at +1 202 354 8044.

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AURELIUS GROUP establishes a Luxembourg-based Real Estate Investment platform

Aurelius Capital

  • Further investment arm with a flexible, operational focus on the real estate sector
  • Experienced team with an interdisciplinary, international network

Luxembourg, October 4, 2018 – With the newly formed AURELIUS Real Estate Opportunities S.à r.l. (AREO) based in Luxembourg, the AURELIUS Group has opened up a new asset class: AREO‘s investment strategy is particularly focused on real estate projects with potential for operational upside, whose value and income situation can be sustainably improved over the long term through active asset management. Reletting as well as densification and repositioning scenarios can be realised by this manage-to-core approach. The flexible investment approach will be applied to residential, office, retail, hotel, nursing care properties as well as parking in major metropolitan areas and fast-growing cities and university towns.

Munich-based AUREPA Management AG will act as advising investment and asset manager in Germany for AURELIUS Real Estate Opportunities. AUREPA Management AG is managed by an experienced team headed up by Managing Partner Hannes Eckstein. Hannes Eckstein has over 15 years experience in the real estate business. Before joining AUREPA Management AG, among other positions he was responsible for building up the commercial investment business of PATRIZIA Immobilien AG since the early 2000´s, and was Managing Partner of a platform for project development, investment and asset management.

Website AURELIUS Real Estate Opportunities

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KKR and Tencent Lead Investment in the Philippines’ Voyager Innovations

KKR

Investment in the Philippines’ Leading Technology Company Supports Greater Financial Inclusion and Access to Mobile Internet for Filipinos

MANILA, Philippines–(BUSINESS WIRE)–Oct. 4, 2018– PLDT Inc. (NYSE: PHI|PSE: TEL), the leading telecommunications and digital services provider in the Philippines, global investment firm KKR (NYSE: KKR), and Tencent Holdings Ltd.(0700.HK), a leading provider of internet services in China, announced today the signing of agreements under which investors led by KKR and Tencent will separately subscribe to a total of up to US$175 million worth of newly-issued shares in Voyager Innovations, giving them a substantial minority stake in the Philippines’ leading digital technology company.

This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20181004005328/en/

Upon the closing of the transaction, which is expected within the fourth quarter of 2018, PLDT will remain as the majority shareholder of Voyager Innovations. The agreements also contain provisions for Voyager Innovations to issue additional shares to other investors which, if this were to occur, would reduce PLDT’s ownership to less than 50% while still remaining as the largest shareholder.

The new external funding in Voyager Innovations marks the largest investment to date in a Philippine technology company. With the global expertise and fresh capital from the new investors, Voyager Innovations will enable greater access to mobile payments and the internet as a whole for the country’s population.

Voyager Innovations’ mission is to accelerate digital and financial inclusion in the Philippines and enable the broader Filipino population to participate in the digital economy. The company’s award-winning technology platforms support the following digital services:

  • PayMaya, the most recognized prepaid payment wallet service in the Philippines, enabling Filipinos to shop online, pay bills, buy airtime load, and send money;
  • PayMaya Business, the largest mobile acquiring service in the Philippines, enabling enterprises of all sizes to accept digital payments;
  • Smart Padala, the largest mobile-based remittance network in the Philippines;
  • Lendr, the largest digital lending platform in the Philippines; and,
  • freenet, the most popular rewards app for free access to the internet and apps in the Philippines.

Manuel V. Pangilinan, Chairman, President and CEO of PLDT, said: “Having global powerhouses such as KKR and Tencentas investors in Voyager Innovations demonstrates not only their confidence in the company’s ability to execute its vision, but also their confidence in the Philippine technology industry as a whole.”

Orlando B. Vea, President and CEO of Voyager Innovations, said: “This is a watershed moment not only for Voyager Innovations but also for the Philippines. With this investment by KKR and Tencent, we will trigger an inflection point in digital adoption and financial inclusion in the country.”

Terence Lee, Director on KKR’s Southeast Asia team, said: “We are excited about Voyager Innovations and to further invest behind online payments leaders in emerging markets. Voyager Innovations provides critical digital and financial services to millions of Filipinos looking to join the digital economy for work and play. We look forward to leveraging our industry expertise and resources to help enhance the company’s mission of financial inclusion and accelerate its growth at a time when the digital economy is more important than ever.”

KKR’s investment in Voyager Innovations is being funded from KKR Asian Fund III. The investment is KKR’s first private equity investment in the Philippines and is part of the firm’s strategy to invest in high-growth markets that the firm believes can benefit from a rapid increase in technology adoption. Other investments KKR has made in the technology and fintech sectors include Go-Jek (Indonesia’s leading on-demand mobile platform for ride hailing, food delivery, and mobile payments), Suishou Technology (one of China’s largest personal finance management platforms) and First Data (global payment technology and services solutions provider with a presence in 118 countries).

James Mitchell, Chief Strategy Officer of Tencent, said: “Voyager Innovations connects the growing smartphone population in the Philippines to online payments and financial services. Tencent is glad to support Voyager Innovations and to advance financial inclusion.”

The foregoing investment in Voyager Innovations is not subject to the compulsory merger notification regime under the Philippine Competition Act and its Implementing Rules and Regulations. In addition, the Bangko Sentral ng Pilipinas, the Philippines’ central bank, confirmed that it interposes no objection to the investment.

Bank of America Merrill Lynch is acting as financial advisor to Voyager Innovations. Latham & Watkins and Picazo Buyco Tan Fider & Santos are acting as legal counsel to PLDT and Voyager Innovations. Paul, Weiss, Rifkind, Wharton & Garrison, and Sycip Salazar Hernandez & Gatmaitan are acting as legal counsel to KKR and Tencent.

ABOUT PLDT

PLDT is the leading telecommunications provider in the Philippines. Through its principal business groups–fixed line and wireless–PLDT offers a wide range of telecommunications services across the Philippines’ most extensive fiber optic backbone and fixed line, and mobile network. PLDT is listed on the Philippine Stock Exchange (PSE: TEL) and its American Depositary Shares are listed on the New York Stock Exchange (NYSE:PHI). PLDT has one of the largest market capitalizations among Philippine listed companies. Further information can be obtained by visiting the web at www.pldt.com.

ABOUT VOYAGER INNOVATIONS

Voyager Innovations is the leading technology company in the Philippines focused on developing customer-centric emerging market platforms in the areas of digital payments, digital finance, and marketing technologies. For more information, visit www.voyagerinnovation.com.

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 TENCENT

Tencent uses technology to enrich the lives of Internet users. Our social products WeChat and QQ link our users to a rich digital content catalogue including games, video, music and books. Our proprietary targeting technology helps advertisers reach out to hundreds of millions of consumers in China. Our infrastructure services including payment, security, cloud and artificial intelligence create differentiated offerings and support our partners’ business growth. Tencent invests heavily in people and innovation, enabling us to evolve with the Internet.

Tencent was founded in Shenzhen, China, in 1998. Shares of Tencent (0700.HK) are traded on the Main Board of the Stock Exchange of Hong Kong.

Source: KKR

INVESTORS:
PLDT
Anabelle L. Chua
alchua@pldt.com.ph
Melissa V. Vergel de Dios
mvvergeldedios@pldt.com.ph
Voyager Innovations
Duane Williams
investor@voyagerinnovation.com
KKR
Craig Larson
investor-relations@kkr.com
TENCENT
Jane Yip
janeyip@tencent.com
PH Cheung
phcheung@tencent.com
MEDIA:
PLDT
Ramon R. Isberto
rrisberto@pldt.com.ph
Voyager Innovations
Nick B. Wilwayco
pr@voyagerinnovation.com
KKR
Cara Major
Cara.Major@KKR.com
David Katz
David.Katz@KKR.com
TENCENT
Jane Yip
janeyip@tencent.com
PH Cheung
phcheung@tencent.com

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Blackstone announces agreement to acquire Clarus, a Leading Life Sciences Investment Firm

Blackstone

Firm Announces Launch of Blackstone Life Sciences Investment Platform

New York, October 4, 2018 – Blackstone (NYSE:BX) today announced that it has agreed to acquire Clarus, a leading global life sciences investment firm that has raised $2.6 billion since its founding.  Clarus, with offices in the life sciences hubs of Boston and San Francisco, is focused on funding growth-stage investments, often in partnership with major biopharmaceutical companies through R&D collaborations.  These investments bring to market promising new medicines that improve patients’ lives.  Clarus is led by a team of seasoned experts who have invested in more than 50 companies in the biopharmaceutical, medical device and diagnostic sectors—as well as across multiple disease areas, primarily in the oncology space.

This acquisition launches Blackstone Life Sciences, an industry-leading private investment platform with capabilities to invest across the life-cycle of companies and products within the key life sciences sectors. The business will fill a critical void in the industry, which is seeing unprecedented growth, but lacks the necessary funding to bring medicines and healthcare technologies to market.  Blackstone Life Sciences will build on Clarus’ significant domain expertise and record of success, and Blackstone’s experience, operating platform and global scale, to jointly advance breakthrough products to address unmet medical needs.

Jon Gray, Blackstone President and Chief Operating Officer, said: “This is a unique moment where rapid advancements in science and technology are creating unprecedented innovation and unparalleled impact on human health.  Private capital can play an important role in accelerating the lengthy clinical development process to help bring vital, but underfunded, drugs to market.  Building on the foundation of the world-class Clarus team, Blackstone Life Sciences is uniquely suited to provide much needed capital and expertise to this sector.”

Joe Baratta, Global Head of Private Equity at Blackstone, added: “Clarus’ investment model— working in partnership with major biopharmaceutical companies to provide them with necessary capital and operating expertise to expand their development budgets and bring medicines to market— is consistent with our investment philosophy across our various businesses.  Drawing on the expertise of the Clarus team, we are excited to partner with companies across the industry to develop and commercialize important medicines and technologies that will make a measurable difference in people’s lives.”

Upon closing of the transaction, Nick Galakatos, PhD, Managing Director of Clarus, will become Head of Blackstone Life Sciences. Galakatos co-founded Clarus in 2005 and has over 30 years of experience in the healthcare sector. Clarus’ team includes both clinical and investing experts with deep experience in the industry, including prior sector experience with 10 of the world’s leading life sciences companies.

Galakatos said: “We are excited to join Blackstone and anchor a dedicated life sciences investing business. The firm’s unmatched global scale, strong operating platform and track record in growing businesses, together with Clarus’ deep industry expertise, make this new platform an ideal partner to the industry that will bring significant benefits to investors seeking exposure to life sciences.  We look forward to building on Clarus’ success with the added power of Blackstone.”

Blackstone has extensive experience and capabilities in the healthcare sector, including investing over $19 billion in healthcare and healthcare-related transactions across more than 40 deals, and other investments across the firm, and is the second largest owner of life sciences office space in the world.

Blackstone’s acquisition of Clarus is subject to customary closing conditions and is expected to close in the fourth quarter of 2018.

About Blackstone
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with approximately $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, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

Contact
Jennifer Friedman
+1 (212) 583-5122
Jennifer.Friedman@blackstone.com

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Altamir expands its investment policy and subscribes to the Apax Development and Apax Digital funds

Altamir

Paris, 3 October 2018 – Reaffirming its ambitious long-term growth and value-creation strategy, Altamir has decided to expand its investment policy and make commitments to two new funds:  Apax Development, launched by Apax Partners SAS in the small-cap segment in France; and Apax Digital, launched by Apax Partners LLP, which invests worldwide in technology companies.

Altamir’s objective is to seize new investment opportunities in dynamic markets, while capitalising on the competitive advantages offered by Apax Partners: sector expertise and an ability to create value through digital transformation, acquisitions and internationalisation.

After consulting with Altamir’s Supervisory Board, the Board of Directors of Altamir Gérance decided to commit €15m to the Apax Development fund and $5m to the Apax Digital fund, keeping in mind that these amounts will be invested over the next 3-4 years.

Apax Development

Following the 2017 acquisition of EPF Partners, a renowned specialist in the small-cap segment in France, Apax Partners SAS is now launching the Apax Development fund, for which it aims to raise €225m. France’s small-cap segment is a large, dynamic market, attractive in terms of price and corporate growth potential.

The investment strategy consists in taking majority stakes in companies with an enterprise value of up to €100m in Apax’s four sectors of specialisation: TMT, Services, Consumer and Healthcare. This strategy complements that of the other funds managed by Apax Partners SAS, which invest in companies with a valuation in excess of €100m.

In March 2018, Apax Development made its first investment in Eric Bompard, the European leader in cashmere.

Apax Digital

Drawing on more than 30 years of experience and deep investment expertise in the technology and telecommunications sectors, Apax Partners LLP created a dedicated team in 2017, which raised $1.1bn for the Apax Digital fund.

The investment strategy is to take minority or majority stakes in enterprise technology and consumer internet companies that are smaller than companies in which the Apax VIII LP and Apax IX LP funds invest and are located in Apax Partners LLP’s geographical scope, i.e. Europe, North America, Brazil, China, India and Israel.

Apax Digital currently has four investments. They include two consumer internet companies, US company Moda Operandi (leading luxury fashion e-commerce platform) and Chinese company So Young (aesthetic medical treatments marketplace), and two enterprise tech companies, US company Wizeline (high-end software product development) and Solita (one of Finland’s largest digital transformation services companies).

Portfolio reporting

Given the smaller size of the investments that will be made via Apax Development and Apax Digital, Altamir’s investment in each fund will appear as a single line in Altamir’s portfolio, without the detail of underlying investments realised by these funds.

 

About Altamir

Altamir is a listed private equity company (Euronext Paris-B, ticker: LTA) founded in 1995 and with nearly €800m in assets under management. Its objective is to provide shareholders with long term capital appreciation and regular dividends by investing in a diversified portfolio of private equity investments.

Altamir’s investment policy is to invest via and with the funds managed by Apax Partners SAS and Apax Partners LLP, two leading private equity firms that take majority or lead positions in buyouts and growth capital transactions and seek ambitious value creation objectives.

In this way, Altamir provides access to a diversified portfolio of fast-growing companies across Apax’s sectors of specialisation (TMT, Consumer, Healthcare, Services) and in complementary market segments (mid-sized companies in French-speaking European countries and larger companies across Europe, North America and key emerging markets).

Altamir derives certain tax benefits from its status as an SCR (“Société de Capital Risque”). As such, Altamir is exempt from corporate tax and the company’s investors may benefit from tax exemptions, subject to specific holding-period and dividend-reinvestment conditions.

For more information: www.altamir.fr

 

Contact

Agathe Heinrich

Tel: +33 1 53 65 01 74

E-mail: investors@altamir.fr

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Fresks acquires XL-BYGG Mellerud

Litorina

Fresks continues to expand through the acquisition of XL-Bygg Mellerud, a building material store located in Mellerud, Västra Götaland. The previous owner, Benny Mattsson, will reinvest a significant part of the proceeds from the transaction in Fresks Group.

XL-BYGG Mellerud was founded in 2008 and has been run by Benny Mattsson and his son Thomas Mattsson since 2012. The business consists of the building store in Mellerud, which is located in Dalsland county in Västra Götaland. The store is a part of the XL-BYGG chain. Today, the company has 8 employees and a turnover of approximately SEK 30 million.

After the acquisition Fresks Group will have a total of 32 stores with pro forma revenues of approximately SEK 2 billion and more than 500 employees.

For further information, please contact:

Leif Lindholm, +46 70 698 27 00, CEO Fresks Group

Fresks, founded in 1862 is a leading Swedish building material retail chain in Sweden focused on the professional segment. The company has 32 stores under various local brands whereof the majority is branded XL-BYGG. Fresks sells high quality building material with high degree of service primarily to small and mid-sized professional customers. For more information, please visit www.fresks.se

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Waterlogic acquires Minnesota Water and Water Engineering Technologies

Castik Capital

Waterlogic, a leading global designer, manufacturer, distributor and service provider of purified drinking water dispensers, is pleased to announce the acquisitions of Minnesota Water and Water Engineering Technologies.

Minnesota Water, based in Maplewood, Minnesota, has been a leading provider of PHSI point-of-use water coolers since 2012. The acquisition provides Waterlogic with a direct operation in the Minneapolis-St. Paul area, increasing Waterlogic’s direct service and sales presence to 50 markets throughout the U.S. and Canada including all the top 40 U.S. Metropolitan Statistical Areas.

Steve and Shelly Norenberg, owners of Minnesota Water, said, “We are delighted to have completed the sale of our business to Waterlogic. We could not have found a better option for our customers, our employees, or our family. We appreciated how honest and transparent Waterlogic was throughout the process and we will be excited to see the business grow under Waterlogic’s ownership.”

Water Engineering Technologies (W.E.T.) is a premium provider of point-of-use water coolers, headquartered in Burien, Washington since 1998. The acquisition of W.E.T.’s business strengthens Waterlogic’s market presence in the Pacific Northwest, allowing for increased and more efficient customer reach in this important market.

Chuck Lockart, Owner, Water Engineering Technologies, said, “Waterlogic was great throughout the process and I am very pleased with the transaction. I have a lot of long-time customers and I know that they will be in good hands with Waterlogic.”

With these two acquisitions, Waterlogic has now completed five acquisitions in the U.S. and Canada in the last nine months:

  • Pure Water Technology of the Inland Empire – Redlands, California
  • Streamline Water – El Paso, Texas
  • Just Pure Water – Toronto, Ontario
  • Water Engineering Technologies – Seattle, Washington
  • Minnesota Water – Minneapolis, Minnesota

With these acquisitions, and a strong focus on organic growth, Waterlogic services nearly 100,000 point-of-use coolers throughout North America, delivering on its customer promise of ‘hassle free, great tasting water, every day’.

 

“I am thrilled to add these two excellent companies to Waterlogic Americas,” said Casey Taylor, CEO Waterlogic Americas. “With Minnesota Water, we expand our presence in Minneapolis to help us provide even better service in the Twin Cities. Likewise, combining Water Engineering Technologies with our existing Seattle branch will allow us to reach more customers in the Pacific Northwest. We are adding outstanding employees from each company, with significant experience and expertise, making our team even stronger.”

Waterlogic remains dedicated to growth in the Americas, both through organic sales and through acquisition.

Waterlogic was acquired in January 2015 by funds managed by Castik Capital, the European private equity investor. Minnesota Water and W.E.T. are the most recent acquisitions as part of the company’s buy and build strategy since the acquisition by Castik, and following substantial acquisitions in the US, UK, Australia, Spain, France, Germany, and Scandinavia.

 

– ENDS –

Media Contact

Rosanna Turner, Group Marketing Communications Manager

rosanna.turner@waterlogic.com

About Waterlogic

Waterlogic is an innovative designer, manufacturer, distributor and operator of Point-Of-Use (POU) drinking water purification and dispensing systems designed for environments such as offices, factories, hospitals, hotels, schools, restaurants and other workplaces. Founded in 1992, Waterlogic was one of the first companies to introduce POU systems to customers worldwide, and has been in the forefront of the POU market, promoting product design and quality, the application of new technologies and world class sales and service. Waterlogic has its own subsidiaries in many markets and an extensive and expanding independent global distribution network in place, reaching over 60 countries around the world. Waterlogic products are currently distributed in North and South America, Europe, Asia, Australia and South Africa. Waterlogic’s leading markets are the US, Australia and Western Europe, in particular the UK, Scandinavia, Germany and France. More information can be found at www.waterlogic.com

About Castik

Castik Capital S.à r.l (“Castik”) manages investments in private equity. Castik is a European multistrategy investment manager, acquiring significant ownership positions in European private and public companies, where long-term value can be generated through active partnerships with management teams. Founded in 2014, Castik is based in Luxembourg and focuses on identifying and developing investment opportunities across Europe. The advisor to Castik is Castik Capital Partners GmbH, based in Munich. Investments are made by the Luxembourg-based fund, EPIC I SLP, the first fund managed by Castik, which had its final fund close of EUR 1bn in July 2015.

KKR Completes Acquisition of BMC Software

KKR

HOUSTON, Oct. 2, 2018 /PRNewswire/ — BMC, a global leader in IT solutions for the digital enterprise, today announced the completion of the acquisition of BMC by KKR, a leading global investment firm. The company was acquired from a private investor group led by Bain Capital Private Equity and Golden Gate Capital together with GIC, Insight Venture Partners, and Elliott Management.  The terms of the agreement, which was previously announcedin May 2018, were not disclosed.

“As we embark on our next chapter with KKR, BMC continues to provide our customers with transformational solutions that help them manage and optimize information technology across cloud, hybrid, on-premise, and mainframe environments,” said Peter Leav, President and Chief Executive Officer of BMC. “With KKR’s support, and the strength of BMC’s world-class team, we will continue to grow and invest in our future as we drive innovation and results, and meet the changing needs of our customers and the marketplace. BMC is well-positioned for future growth and success.”

Headquartered in Houston, BMC Software serves more than 10,000 customers worldwide, including 92% of the Forbes Global 100. Since 1980, BMC has consistently expanded its scope alongside constantly evolving IT markets to address the ever-changing needs of the global enterprise. This year, BMC was recognized as one of America’s best employers for the third consecutive year by Forbes.

About BMC 
BMC helps customers run and reinvent their businesses with open, scalable, and modular solutions to complex IT problems. Bringing both unmatched experience in optimization and limitless passion for innovation to technologies from mainframe to mobile to cloud and beyond, BMC helps more than 10,000 customers worldwide reinvent, grow, and build for the future success of their enterprises, including 92 of the Forbes Global 100.

BMC—the multi-cloud management company. www.bmc.com

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Waterlogic acquires Minnesota Water and Water Engineering Technologies

Castik Capital

Waterlogic, a leading global designer, manufacturer, distributor and service provider of purified drinking water dispensers, is pleased to announce the acquisitions of Minnesota Water and Water Engineering Technologies.

Minnesota Water, based in Maplewood, Minnesota, has been a leading provider of PHSI point-of-use water coolers since 2012. The acquisition provides Waterlogic with a direct operation in the Minneapolis-St. Paul area, increasing Waterlogic’s direct service and sales presence to 50 markets throughout the U.S. and Canada including all the top 40 U.S. Metropolitan Statistical Areas.

Steve and Shelly Norenberg, owners of Minnesota Water, said, “We are delighted to have completed the sale of our business to Waterlogic. We could not have found a better option for our customers, our employees, or our family. We appreciated how honest and transparent Waterlogic was throughout the process and we will be excited to see the business grow under Waterlogic’s ownership.”

Water Engineering Technologies (W.E.T.) is a premium provider of point-of-use water coolers, headquartered in Burien, Washington since 1998. The acquisition of W.E.T.’s business strengthens Waterlogic’s market presence in the Pacific Northwest, allowing for increased and more efficient customer reach in this important market.

Chuck Lockart, Owner, Water Engineering Technologies, said, “Waterlogic was great throughout the process and I am very pleased with the transaction. I have a lot of long-time customers and I know that they will be in good hands with Waterlogic.”

With these two acquisitions, Waterlogic has now completed five acquisitions in the U.S. and Canada in the last nine months:

  • Pure Water Technology of the Inland Empire – Redlands, California
  • Streamline Water – El Paso, Texas
  • Just Pure Water – Toronto, Ontario
  • Water Engineering Technologies – Seattle, Washington
  • Minnesota Water – Minneapolis, Minnesota

With these acquisitions, and a strong focus on organic growth, Waterlogic services nearly 100,000 point-of-use coolers throughout North America, delivering on its customer promise of ‘hassle free, great tasting water, every day’.

 

“I am thrilled to add these two excellent companies to Waterlogic Americas,” said Casey Taylor, CEO Waterlogic Americas. “With Minnesota Water, we expand our presence in Minneapolis to help us provide even better service in the Twin Cities. Likewise, combining Water Engineering Technologies with our existing Seattle branch will allow us to reach more customers in the Pacific Northwest. We are adding outstanding employees from each company, with significant experience and expertise, making our team even stronger.”

Waterlogic remains dedicated to growth in the Americas, both through organic sales and through acquisition.

Waterlogic was acquired in January 2015 by funds managed by Castik Capital, the European private equity investor. Minnesota Water and W.E.T. are the most recent acquisitions as part of the company’s buy and build strategy since the acquisition by Castik, and following substantial acquisitions in the US, UK, Australia, Spain, France, Germany, and Scandinavia.

 

– ENDS –

Media Contact

Rosanna Turner, Group Marketing Communications Manager

rosanna.turner@waterlogic.com

About Waterlogic

Waterlogic is an innovative designer, manufacturer, distributor and operator of Point-Of-Use (POU) drinking water purification and dispensing systems designed for environments such as offices, factories, hospitals, hotels, schools, restaurants and other workplaces. Founded in 1992, Waterlogic was one of the first companies to introduce POU systems to customers worldwide, and has been in the forefront of the POU market, promoting product design and quality, the application of new technologies and world class sales and service. Waterlogic has its own subsidiaries in many markets and an extensive and expanding independent global distribution network in place, reaching over 60 countries around the world. Waterlogic products are currently distributed in North and South America, Europe, Asia, Australia and South Africa. Waterlogic’s leading markets are the US, Australia and Western Europe, in particular the UK, Scandinavia, Germany and France. More information can be found at www.waterlogic.com

About Castik

Castik Capital S.à r.l (“Castik”) manages investments in private equity. Castik is a European multistrategy investment manager, acquiring significant ownership positions in European private and public companies, where long-term value can be generated through active partnerships with management teams. Founded in 2014, Castik is based in Luxembourg and focuses on identifying and developing investment opportunities across Europe. The advisor to Castik is Castik Capital Partners GmbH, based in Munich. Investments are made by the Luxembourg-based fund, EPIC I SLP, the first fund managed by Castik, which had its final fund close of EUR 1bn in July 2015.

Categories: News

Segulah V L.P. acquires Swedish colocation business

Segula

Segulah V L.P. acquires Swedish colocation business

Segulah V L.P. has entered into an agreement to acquire Sungard Availability Services’ Swedish business. The transaction was completed on September 28, 2018. Going forward, the business will operate under the new corporate name Conapto.

Conapto operates two data centers and one recovery site in the Stockholm area. The Company can trace its heritage back to 1982 when the first data center was set up and operated under the name Backupcentralen. Since then, the business has developed from primarily offering disaster recovery services to focusing on premium colocation services and offering related solutions such as connectivity and cloud access.

Segulah will appoint Ulf Engerby (Chairman) and Ann Hellenius as directors of the board. Ulf has significant experience from the IT infrastructure and cloud outsourcing market as co-founder and former owner of Qbranch. Ann, incoming CIO at Scandic Hotels, has extensive knowledge of digital transformation in both the private and public sectors.

Håkan Björklund will join Conapto as CEO. Håkan has previously spent almost eleven years at Sungard Availability Services’ Swedish business, most recently as Head of operations until June 2017.

“I look forward to working together with Segulah to grow Conapto and develop the business for our customers. We will create a platform for our clients where they can meet the IT needs of tomorrow, and be a natural step in their migration to the cloud”, says Håkan Björklund, new CEO at Conapto.

“We are excited about the prospects of investing in further developing and expanding the Conapto business together with an experienced team and competent board. Conapto is a high quality colocation operator in its segment with multiple avenues for further growth in a rapidly changing IT environment”, says Percy Calissendorff, Partner at Segulah Advisor AB.

 

The acquisition is the seventh investment for Segulah V L.P.

 

For further information, please visit www.conapto.sewww.segulah.com or contact:

Håkan Björklund, CEO, Conapto, +46 70 559 07 86

Percy Calissendorff, Partner, Segulah Advisor AB, +46 73 347 62 81

Johan Möllerström, Investment Manager, Segulah Advisor AB, +46 72 543 79 11

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