Monthly Archives: May 2019

Bain Capital Double Impact and Rodeo Dental & Orthodontics Partner to Deliver Best in Class Patient Experience and Access to Care

BainCapital

FORT WORTH, TX, and BOSTON – May 29, 2019 – Bain Capital Double Impact, the impact investing business of Bain Capital, today announced an investment in Rodeo Dental & Orthodontics, a premier group-practice provider of specialty dental services to families throughout the state of Texas. The partnership and investment by Bain Capital Double Impact will enable Rodeo Dental to rapidly expand patient access — regardless of means — to high-end, oral health care services in Texas and beyond. Financial terms of the private transaction were not disclosed.

Rodeo Dental & Orthodontics was founded in 2009 by Dr. Saam Zarrabi, Fellow and Diplomate Dr. Yahya Mansour, Board Certified Pediatric Dentist – Dr. William Dunklin, Orthodontist – Dr. Brian Dugoni, & Dr. Raffy Kouyoumdjian. Since inception, the Rodeo Dental founders have been focused on their mission of “Giving Every Family the Key to Access High-End Dental Care”. Today, Rodeo delivers on this promise with its award-winning, comprehensive team of dentists and specialists that include board certified pediatric dentists, orthodontists, endodontists and oral surgeons. Rodeo hosts over 250,000 annual patient visits, across 21 large group practice locations. The more than 50,000 5-star Google & Facebook reviews from its patients are a testament to the company’s fun, engaging, and educational experience. Moreover, Rodeo’s Creative Services and Software Development teams have created new types of original art productions, technologies, and applications that evoke positive feeling and unique, one-of-a-kind patient experiences.

“We are excited to partner with Bain Capital Double Impact to expand access to high-end dental care for families across the nation,” said Dr. Zarrabi, Executive Chairman of Rodeo Dental & Orthodontics.  “They share our vision of providing education, access to specialists, affordable services, and a high-end patient experience that boosts smile confidence and celebrates peak moments of pride and dental accomplishment with a commitment of giving back to the communities we serve. At Rodeo, we believe the large group practice model that integrates all dental specialties under one roof is poised to become one of the many great dental platforms to lead the future. We are proud of the amazing contributions of our dentists and team members in shaping an incredible practice culture that delivers outstanding patient care.”

Bain Capital has deep investing experience across the healthcare services sector, having invested in and added value to companies such as HealthDrive, Arosa+LivHome, Aveanna Healthcare, Beacon Health Options, HCA, Surgery Partners, and Waystar (formerly Navicure and ZirMed).

“Rodeo Dental’s founders, together with CEO Ben Rouse, have done an exceptional job building a high-end, scalable, and cost-effective service dedicated to improving the health of families and children across Texas,” said Deval Patrick, a Managing Director at Bain Capital Double Impact.  “We are inspired by Rodeo’s mission-driven team, its collaborative culture, and the passion, energy, and Smile DNA its professional doctors and staff bring to work every day to ensure the best outcomes for each patient.”

“The linkage between oral health and children’s educational trajectory as well as mental wellbeing is well documented,” said Peter Spring, a Managing Director at Bain Capital Double Impact. “By partnering with Rodeo Dental, we have the opportunity to create a national pediatric dental platform that is focused on improving the overall health of every child.”

“The Rodeo Dental and Double Impact mission statements were cut from the same cloth,” said Rouse. “Both have built-in needs to do social good and are intent on finding creative ways to help more people.  Rodeo’s mission, core values, internally developed technology and patient-centric platform are massively scalable and powered by our unique company culture.  We are humble – yet excited to leverage the expertise, resources, and strategic advice inherent in Bain Capital Double Impact.”

Committed debt financing for the transaction was provided by THL Credit. Houlihan Lokey provided financial advice to Rodeo Dental & Orthodontics. Kirkland & Ellis and Dykema provided legal representation to Bain Capital Double Impact.  Choate, Hall, and Stewart served as legal representation to Rodeo Dental.

About Rodeo Dental & Orthodontics
Rodeo Dental & Orthodontics is one of the fastest growing, multi-specialty dental groups in the country.  Born in the Fort Worth Stockyards, the company’s team of 100+ award-winning doctors provide a full range of general dentistry, orthodontics, endodontics, oral surgery, and board-certified pediatric dental services in 21 Rodeo locations throughout the state of Texas.  Rodeo fuels its brand reputation by providing a high-end Patient Experience. Rodeo has the largest production stages in the healthcare industry, with themed lobbies, upscale audio/visual equipment, and colorful window graphics that set the mood and experience backdrop.  Additional color, music, fashion, and team vibe are mixed in to create an interactive pop art experience that sparks emotion and fuels one-of-a-kind interactions that patients share and remember.  Patients are fanatical about the Rodeo brand and have submitted over 50,000 5-Star Google & Facebook reviews.  The dentists and the company have won numerous awards including Best Place to Work in Fort Worth two years in a row.  For more information, visit www.rodeodental.com.

About Bain Capital Double Impact
Bain Capital Double Impact (www.baincapitaldoubleimpact.com) is the impact investing strategy of Bain Capital, a leading global private investment firm. Bain Capital Double Impact utilizes Bain Capital’s proven, deep diligence, value-added approach to build great companies that deliver both competitive financial returns and meaningful, measurable social and environmental good. Bain Capital Double Impact focuses on health & wellness, sustainability, and community building to create long-term value and meaningful impact at scale. Its goal is to enable the next phase of financial and impact growth for our partner companies, which are solving critical social problems, and doing so profitably. We believe that our value-added approach, experienced team, and broad platform expertise will help our partner companies to thrive.

Categories: News

CipherHealth Names New CPO & COO as Company Accelerates Growth

JMI Equity

NEW YORK, May 29, 2019 /PRNewswire/ — As part of its expansion and strategic growth initiative, CipherHealth, the leading patient engagement software company, has announced the new roles of Chief People Officer (CPO) and Chief Operating Officer (COO).

Jennifer Compagni has joined CipherHealth as Chief People Officer and Jake Pyles, the current Chief Financial Officer at the company, is expanding his role to include Chief Operating Officer.

Both will help further CipherHealth’s mission of empowering healthcare providers across the care continuum with integrated patient engagement solutions that improve patient communication and care coordination.

Compagni has an extensive background in corporate business, research, government and educational institutions as an HR executive. She has led HR teams and projects at Warner-Lambert Company, (Pfizer, Adams USA), Antenna Software, Revlon, Alpharma Inc. and The National Research Council of the National Academies. Prior to CipherHealth, Compagni also led the HR organization at SmartLinx Solutions, a growing SaaS company in the workforce management space.

As CPO at CipherHealth, Jennifer Compagni ensures a fluid human resource strategy that supports the overall business plan and strategic direction at the company to attract and retain great talent and make sure employees have an amazing career experience. She also provides strategic leadership by articulating HR needs and plans to the executive management team, shareholders and the board of directors.

“The award winning patient engagement product suite and mission-driven culture attracted me to CipherHealth. The team is an amazing, smart, cohesive group of people working together to enable patients to heal and thrive,” said Compagni.

Jake Pyles, who became CipherHealth’s CFO in August 2018, will now also lead the company’s operations function. With more than twenty-five years of financial and operations experience at various software companies, Pyles has a significant amount of experience with managing high-growth technology companies. Prior to CipherHealth, Pyles spent four years as CFO at Paradigm Geophysical, leading the company to its eventual sale to Emerson Electric.

“We are thrilled with the addition of Jennifer and Jake’s expanded role to help us continue delivering solutions that ensure patients get the best care possible,” said CipherHealth CEO and Co-Founder Randy Cheung.

ABOUT CIPHERHEALTH
Ranked as the top-performing vendor for patient outreach and digital rounding by KLAS in 2019, CipherHealth is a proven healthcare technology partner committed to enhancing communication and care team coordination throughout the patient journey. CipherHealth’s suite of integrated patient engagement solutions empowers healthcare organizations across the continuum to achieve the Quadruple Aim.

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OpenSesame Raises $28 Million in Growth Equity Led by FTV Capital

FTV Capital

elearning Leader Expands Machine Learning Curation to Revolutionize How Employees are Trained

Portland, Oregon — OpenSesame, the elearning innovator providing the world’s most comprehensive online catalog of curated employee training courses, today announced it raised a $28 million growth equity round led by FTV Capital. OpenSesame will use the proceeds to continue enhancing its machine learning-driven curation tools, expand its course offerings, and scale its sales and marketing functions to serve businesses worldwide. This funding round includes participation from existing investors including Altos Ventures. As part of the transaction, FTV partner Chris Winship will join the OpenSesame board of directors.

As workforce training rapidly shifts from classroom to online delivery, OpenSesame is disrupting the standard elearning model by curating the most comprehensive catalog of over 20,000 elearning courses from hundreds of the world’s top publishers and helping companies ensure the success of their training programs. OpenSesame helps businesses around the world find courses, map them to core competencies, sync them with a company’s learning management system (LMS) to increase utilization and improve learning & development (L&D) programs.  OpenSesame has flexible buying options to meet every training need, and the technology platform is simple to integrate and use. Leveraging machine learning and expert advisors, OpenSesame helps curate the best variety of courses for evolving enterprise training requirements, driving employee engagement and increasing elearning utilization. OpenSesame serves a wide range of clients, including governments and Global 2000 companies in services, manufacturing, technology, and highly regulated industries such as financial services and health care.

“Our goal is to make elearning accessible, convenient, and meaningful to all EnerSys employees.” said Drew Krajewski, director of global training & development for EnerSys, a Fortune 1000 OpenSesame customer. “Actual customer service of this caliber is a rarity, and OpenSesame does it right. We don’t consider OpenSesame a vendor. They’re our partner.”

“Based on FTV Capital’s long and successful enterprise SaaS investment track record, we are excited to have them lead our Series C funding,” said Don Spear, CEO of OpenSesame. “This investment coupled with their extensive network of strategic advisors will help OpenSesame to continue to rapidly grow and innovate to meet the constantly evolving training needs of our customers as they prepare their employees for the future of work.”

“Enterprises spend over $30 billion annually on external learning content and programs to maintain a highly skilled, competitive workforce, as well as to comply with complex regulatory requirements,” said Chris Winship, FTV Capital partner. “OpenSesame is capitalizing on key trends that are transforming the workplace, including a more mobile workforce, evolving millennial preferences and behaviors, and the rapid adoption of enabling technologies such as cloud and collaboration. We are extremely impressed with the OpenSesame management team, the market leading solution they have built and their outstanding growth trajectory, and we are excited to join forces in this next phase of growth.”

About OpenSesame

OpenSesame helps develop the world’s most productive and admired workforces. With the most comprehensive catalog of elearning courses from the world’s top publishers, we are here to help you every step of the way, from finding courses, mapping them to your core competencies, syncing them with your LMS to increasing utilization and improving your L&D programs. Not only will you have the flexibility of multiple purchasing options from OpenSesame, you’ll find it simple to use and administer your e-learning courses. To learn more, visit www.opensesame.com.

About FTV Capital

FTV Capital is a growth equity investment firm that has raised over $2.7 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology & services, financial services and payments & transaction processing. FTV’s experienced team leverages its domain expertise and proven track record in each of these sectors to help motivated management teams accelerate growth. FTV also provides companies with access to its Global Partner Network®, a group of the world’s leading enterprises and executives who have helped FTV portfolio companies for two decades. Founded in 1998, FTV Capital has invested in 108 portfolio companies. FTV has offices in San Francisco and New York. For more information, visit www.ftvcapital.com.

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ECI announces investment in Send For Help

ECI

Send For help is the largest lone worker protection service in the UK, Europe and globally. It has three brands; Skyguard, Guardian24 and People Safe

 

Send For Help Group, encompassing Skyguard, Guardian 24 and Peoplesafe

ECI is delighted to announce our investment in Send For Help, the world’s leading provider of lone worker protection. The partnership will support the company’s growth strategy and internationalisation.

Founded in 2010, Send For Help operates under its three subsidiary brands, Skyguard, Peoplesafe and Guardian 24. The company protects more than 150,000 lone workers in the UK and Ireland with it’s innovative personal safety devices and mobile phone apps, all linked to a dedicated Alarm Receiving Centre (ARC), staffed 24 hours a day. Users can request help at the touch of a button through their device or app’s ‘SOS’ function. Highly trained ARC staff will offer them assistance and escalate to the appropriate emergency service, providing a faster response than 999. Customers include NHS trusts, local authorities, utilities and major corporations.

The company has achieved rapid growth and success, becoming one of only a handful of businesses to be named in The Sunday Times Fast Track 100 list on three consecutive occasions and gaining recognition from the Financial Times as one of Europe’s fastest growing businesses.

Send For Help ranked in the Financial Times 1000 Fastest Growing Companies in Europe

With an estimated 8 million lone workers in the UK, 23 million in the US and 30 million Europe, the lone worker protection market in Europe and America is forecast to double from £105 million per annum to £226 million by 2021 according to research by analysts Berg Insight.

Send For Help has recently appointed Richard Houghton, former co-founder of Xchanging, as Chairman.

Tom Wrenn, Partner at ECI Partners, said: “Send for Help is just the type of business that ECI wants to work with- offering an excellent service to clients, enjoying a leading position in a growing market, and boasting a highly effective management team. We look forward to working with James and his team to help them realise the next stage of their growth plan.”

James Murray, CEO of Send for Help, said: “ECI have a strong track record of partnering with technology-enabled support service providers and we’re delighted to be working with Tom and the broader ECI team. We have ambitious growth plans to build on our number one market position by reaching ever more customers in the UK and abroad, and helping them to keep their employees safe.”

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Gimv invests in German energy storage specialist Smart Battery Solutions

GIMV

28/05/2019 – 07:30 | Portfolio

Gimv has acquired a majority stake in Smart Battery Solutions GmbH (SBS) based in Kleinostheim near Frankfurt. With Gimv’s support, the company aims to continue its strong growth path in the highly dynamic battery market, to increase its workforce, and to expand its production capacity.

Smart Battery Solutions (https://smart-battery-solutions.de/) was founded in 2010 by four industry experts and today employs 50 people. The company develops, manufactures and sells lithium-ion battery systems in the low voltage segment up to 60 volts. The product range covers the entire value chain, from the customer-specific assembly of externally produced batteries to the development and production of intelligent energy storage systems and charging technologies. SBS has also developed a number of proprietary battery management systems that control the operation and safe usage of battery systems.

Smart Battery Solutions’ product range is used in a variety of eMobility applications, including e-bikes, e-scooters, watercraft and drones. Furthermore, the company’s products can be found in stationary solutions such as constant power supply devices. The company’s strength lies in its ability to adjust quickly to individual customer and application-specific requirements with regard to form and features of the respective battery pack.

Last year, the Financial Times listed SBS among the 1,000 companies from 31 European countries with the highest annual sales growth between 2013 and 2016. Focus Money magazine ranked SBS as the number one company in its sector in 2018 for German growth champions.

Ronald Bartel, Partner, responsible for Gimv’s Smart Industries platform in the DACH region, says: “We are pleased to support Smart Battery Solutions and its founding team on their ambitious growth trajectory. The company operates in a highly dynamic market environment with strong demand. SBS is known by its customers for its agility, flexibility, and high degree of technological competence to meet even the most complex customer requirements. The company is an excellent fit for our Smart Industries platform, in which we aim to support technology-oriented companies with above-average growth ambitions to develop into market-leading positions in their niches.

The founders and senior managers of Smart Battery Solutions add: “Gimv is the ideal partner for us to support our growth plans in the future. Gimv will not just provide growth capital, but also its wide experience in accompanying technology companies in expansion. Together with Gimv, we will identify further solutions for new battery applications, establish new customer groups, as well as sales channels in other European countries. We are keen to stay at the forefront of the fast-growing battery market with our Made in Germany products.”

No further financial details will be disclosed.

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LiveU Announces Majority Investment from Francisco Partners to Accelerate Growth

Franciso Partners

Enables LiveU to focus on long-term strategy and advance its business objectives

HACKENSACK, New Jersey — LiveU, the leader in live IP video solutions, is pleased to announce that Francisco Partners, a global technology-focused private equity firm, together with co-investor IGP Capital, have acquired LiveU from its existing shareholders to accelerate further the company’s global expansion. With support from its new investors, LiveU will continue the company’s strong growth momentum.

LiveU is democratizing live video by providing high quality live video solutions for TV, mobile, online and social media with its innovative portable devices and cloud services. With over 3,000 customers in 130+ countries, LiveU’s technology is the solution of choice for leading broadcasters, sport organizations, news agencies, online and social media.

Samuel Wasserman, CEO and Co-Founder of LiveU, said, “We are delighted to have Francisco Partners, a firm with an established track record, as our new majority owner. This will allow us to focus on our long-term strategy and growth objectives, benefiting our customers, partners and employees. I would like to take this opportunity to thank our previous shareholders Canaan Partners, Viola Ventures, Pitango Venture Capital, and Lightspeed Venture Partners for their valued support along the way, and contribution to our success.”

“We have made tremendous progress in delivering on our promise to establish LiveU as the clear market leader in providing live video streaming solutions for TV, digital and social media,” added Wasserman. “This could not have been possible without the tireless efforts of our amazing employees developing and driving superior technology solutions that contribute to LiveU’s current market position.”

“We are extremely excited to be partnering with LiveU as the company enters the next chapter of its growth story,” said Eran Gorev, Senior Operating Partner at Francisco Partners. “LiveU is already recognized as the industry leader, and we look forward to partnering with IGP Capital and LiveU’s management team to further enhance the company’s solutions, grow the customer base and advance its strategic goals.”

Mario Razzini, Principal at Francisco Partners, added, “The broadcast and media industries are in a period of rapid change and LiveU is distinctively positioned to help customers capitalize on this opportunity with its strong market position and unmatched product innovation and performance.”

IGP Capital General Partner Assaf Harel, added, “We are thrilled to join Francisco Partners in backing the company and its talented team of professionals. LiveU is uniquely positioned in the global broadcast and media markets and we’re excited to support the company with new investment initiatives and future growth prospects.”

Goldman Sachs acted as exclusive financial advisor to Francisco Partners.

About Francisco Partners

Francisco Partners is a leading global private equity firm that specializes in investments in technology and technology-enabled businesses. Since its launch over 19 years ago, Francisco Partners has raised over $14 billion in committed capital and invested in more than 200 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com.

About IGP

Israel Growth Partners (IGP) is a private equity investment firm established with a mission to provide growth capital to Israeli-related technology companies. With $500 million in AUM, IGP seeks to partner with exceptional companies and management teams who are eager to accelerate their growth and to reach category leadership and significant position in their respective markets. For more information visit www.igpcapital.com.

About LiveU

LiveU is driving the live video revolution, providing live video streaming for TV, mobile, online and social media. Let your audience become part of your story with high-quality and flawless live video, transmitted from anywhere in the world, through the use of our patented bonding and video transport technology. LiveU creates a consistent bandwidth and a reliable connection so you can acquire, manage and distribute high quality remote live broadcasts over IP. Our broad portfolio of products sets the industry standard for live video production. From backpacks to smartphones, and satellite/cellular hybrid to external antenna solutions, LiveU offers a complete range of devices for live video coverage anytime, anywhere. In addition, LiveU offers extensive cloud-based management and video distribution solutions. With over 3,000 customers in 130+ countries, LiveU’s technology is the solution of choice for global broadcasters, online media, news agencies and social media. For more information, visit www.liveu.tv, or follow us on Twitter, Facebook, Youtube, LinkedIn or Instagram.

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Antares Leads Financing to Support CenterOak Partners’ Merger of Service Champions and Moore Home Services

Antares

CHICAGO–(BUSINESS WIRE)–Antares announced today that it served as lead left arranger and is acting as administrative agent for a senior secured credit facility to support the merger of Service Champions and Moore Home Services by CenterOak Partners.

“With a solid management team, a focus on customer service and a leading market position, the newly formed company is well positioned for continued growth.”

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Headquartered in Orange County, CA, the merger of Service Champions and Moore Home Services creates one of the largest residential HVAC contractors on the West Coast. Service offerings include residential heating and air conditioning repair and replacement, plumbing, solar and electrical services.

“We are pleased to have Antares lead the financing for this transaction as we form one of the leading providers of home maintenance and repair services across Southern and Northern California,” said Randall Fojtasek, managing partner with CenterOak Partners. “Given our longstanding relationship with Antares and their knowledge of the sector, we were confident in their ability to execute with speed and certainty.”

“We are pleased to support CenterOak as they put their experience and resources to work for this newly formed company,” said Doug Koch, managing director with Antares. “With a solid management team, a focus on customer service and a leading market position, the newly formed company is well positioned for continued growth.”

About Antares

With approximately $24 billion of capital under management and administration as of December 31, 2018, Antares is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2018, Antares issued nearly $25 billion in financing commitments to borrowers through its robust suite of products including first lien revolvers, term loans and delayed draw term loans, 2nd lien term loans, unitranche facilities and equity investments. Antares world-class capital markets experts hold relationships with over 400 banks and institutional investors allowing the firm to structure, distribute and trade syndicated loans on behalf of its customers. Since its founding in 1996, Antares has been recognized by industry organizations as a leading provider of middle market private debt, most recently being named the 2018 Lender of the Year by ACG New York. The company maintains offices in Atlanta, Chicago, Los Angeles, New York and Toronto. Visit Antares at www.antares.com or follow the company on Twitter at www.twitter.com/antarescapital. Antares Capital is a subsidiary of Antares Holdings LP., collectively (“Antares”).

Contacts

Antares Capital
Carol Ann Wharton
475-266-8053
carolann.wharton@antares.com

Categories: News

Adelis successfully exits Logent

Adelis Equity

Adelis Equity Partners Fund I (“Adelis”) has sold its majority stake in Logent AB (“Logent”) to Stirling Square Capital Partners.

In 2013, Adelis acquired a majority stake in Logent. During Adelis’ ownership, the company has been strategically repositioned from a logistics staffing-focused company to a leading contract logistics provider, offering high value-added services.

”Mats Steen, Sara Fors and the rest of Logent’s management team have done a fantastic job in building Logent into the leading independent contract logistics company in Sweden and Norway. They have built a strong foundation for the future, and Logent’s growth is now ready to take off, as evident by the strong sales momentum. We believe Stirling Square Capital Partners will be an excellent partner to support their exciting journey going forward. We at Adelis are very proud to have been part of Logent’s transformation into a true industry leader”, says Joel Russ and Jan Åkesson of Adelis.

Mats Jönsson, Chairman of Logent says: “It has been an honor to work with such a great team at Logent. Great investments in building a foundation and culture have led to strong results for our customers, employees and owners.”

”Logent’s management team is proud of the development that the company has achieved together with Adelis and our Board over the past several years. The close cooperation has been vital for the success of the strategic transformation. I’m now looking forward to Logent’s next chapter together with Stirling Square Capital Partners and our continued positive development”, says Mats Steen, CEO of Logent.

Adelis was advised by Nordea, Vinge and Alvarez & Marsal.

The parties have agreed not to disclose the purchase price. The transaction is subject to customary regulatory approvals.

For further information:

Logent: Mats Steen, CEO, +46 70 233 83 02

Adelis Equity Partners: Joel Russ, Partner, +46 73 543 90 68

Adelis Equity Partners: Jan Åkesson, Partner, +46 70 353 11 11

Logent

Logent is an independent contract logistics partner to logistics-intensive companies in Sweden and Norway. Logent has approximately 3,000 employees and operates along the whole logistics value chain within the business areas Warehousing, Transport Management, Customs, Ports, Staffing & Recruitment and Consulting.The company has turnover of SEK 1.3 billion. For more information please visit www.logent.se.

Adelis Equity Partners

Adelis is an active partner in creating value at medium sized Nordic companies. Adelis was founded with the goal of building the leading middle market private equity firm in the Nordics. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, acquiring 20 platform investments and making more than 50 add-on acquisitions. Adelis now manages €1 billion in capital. For more information please visitwww.adelisequity.com.

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Eurazeo Patrimoine supports the acquisition of the Belledonne Clinic by C2SGroup

Eurazeo

Paris, May 23,2019 –Eurazeo Patrimoine, Eurazeo’s investment division specializing in real estate and companies holding and operating real assets, announces the acquisition of the Belledonne Clinic,located near Grenoble(Isère, France) by C2SGroup. Created in 1967 in Saint-Martin-d’Hères,near Grenoble, the Belledonne Clinic offers a diversified and comprehensive range of medical services organized around seven activity sectors and particularly, cardiology, cancer surgery and maternity services. It has a capacity of 290 medical beds and 23 procedure rooms, thus becomingC2S Group’s largest clinic. Its reputation is regularly upheld by national private hospitals rankings.

With over 1,900 beds and places and an annual revenue of around €250 million, C2S Group is a major private hospital player in France. It is present in the Rhône-Alpes Auvergne and Bourgogne Franche-Comtéregions, where it has 14 clinics. C2S Group comprises around 710 doctors, who are partners in the Group’s governance, and nearly 2,500 employees. Through its presence in the Center-East region, combining state-of-the-art and local establishments, C2S Group clinics treat over 300,000 patients each year.

Eurazeo Patrimoine has supported C2S’s development since its acquisition in March2018, backing the Group’s external growth policy and helping it invest in capacity and modernization to strengthen the quality and attractiveness of its clinics.Eurazeo Patrimoine contributes financial and human resources and its investment and real estate transformation experience. The integration of the Belledonne Clinic in the Group forms part of this strategy and is a major step in C2S’s development, confirming its position as a key player in the Center-East region.

Renaud Haberkorn,Director of Eurazeo Patrimoine said: “We’re delighted to support C2S in its acquisition of the Belledonne Clinic, a top-tier asset both on operations and real estate level. The management team has demonstrated its ability to rapidly expand the Group, both organically and through instrumental acquisitions.

Eurazeo Patrimoine supports and encourages C2SGroup to achieve its ambitions.”Jean Rigondet, Chairman of C2SGroup, added: “It is essential for patients to be treated by talented practitioners, working together as a team,and to have access to well-organized and broad medical care. The acquisition of the Belledonne Clinic provides us with a high-level, comprehensive technical platform in Greater Grenoble. We’re extremely proud to integrate this reference clinic into our Group.”***

HAVAS PARISMAEL EVINE-mail: mael.evin@havas.comTel: +33 (0)6 44 12 14 91For more information, please visit the Group’s website: www.eurazeo.com Follow us on Twitter,LinkedIn, and YouTube

PRESS CONTACT EURAZEO

CONTACTS CAROLINE COHEN Head of Investor Relations ccohen@eurazeo.comTel.: +33 (0)1 44 15 16 76

VIRGINIE CHRISTNACHT Head of Communicationsvchristnacht@eurazeo.comTel: +33 1 44 15 76 44

About Eurazeo

Eurazeo is a leading global investment company, with a diversified portfolio of €17 billion in assets under management, including nearly €11 billion from third parties, invested in over 300 companies. With its considerable private equity, real estate, private debt and fund of funds expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its 235 professionals and by offering deep sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term.

Eurazeo has offices in Paris, New York, Sao Paulo,Buenos Aires,Shanghai, London, Luxembourg, Frankfurt and Madrid.

Eurazeo is listed on Euronext Paris.oISIN: FR0000121121 -Bloomberg: RF FP -Reuters: EURA.PA

About C2 SGroup

C2S Group is a multi-regional group of clinics specializing in general medicine and a leader in Auvergne-Rhône-Alpes and Burgundy Franche-Comté, with 14 clinics. C2S Group is currently implementing a sustained acquisition strategy to provide uniform and consistent geographic coverage. Medical practitioners and health professionals in these two regions are closely involved with the Group, which adopts a sustainable and high-performing outlook to human health. It has developed a patient-centric health ecosystem and is committed to offering a comprehensive range of treatments, which anticipates the needs of each patient to provide healthcare excellence.

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EQT acquires the leading Maltese telecom operator Melita

eqt

  • EQT Infrastructure acquires Melita from Apax Partners and Fortino Capital
  • Melita owns state of the art converged fixed and mobile telecom infrastructure and is the market leading operator on Malta
  • EQT Infrastructure to support growth of Melita by investing in its network and is committed to continue to provide high quality services to current and future customer

EQT Infrastructure IV (“EQT” or “EQT Infrastructure”), has signed an agreement to acquire Melita Limited (“Melita” or the “Company”) from Apax Partners and Fortino Capital

Founded in 1991, Melita is a fully converged and diversified telecommunication infrastructure owner as well as a leading services provider in Malta. Melita services consumers, business and government customers on Malta with mainly four types of products: nationwide Gigabit broadband services for households and small businesses, mobile and fixed telephony as well as TV services. Melita also offers colocation services and operates a purpose-built data centre. Melita will continue to operate under the leadership of CEO Harald Rösch, a longstanding Industrial Advisor to EQT.

EQT Infrastructure intends to support Melita’s growth by further upgrading its fixed and mobile networks and opening an additional data centre location on Malta. It will also support Melita’s internationalization strategy including its expansion in Italy as well as its innovative IoT connectivity proposition.

Ulrich Köllensperger, Partner at EQT Partners and Investment Advisor to EQT Infrastructure IV, comments: “EQT has been built on a passion for developing companies. We invest in good companies across the globe with the aim of turning them not only into great companies but also sustainable ones. This is exactly the formula we aim to apply to Melita, which is already an innovator in the Maltese market and beyond in terms of infrastructure, products and customer service. As a result, we are confident that the coming months and years will be exciting and rewarding both for Melita’s employees and for its customers.”

Harald Rösch, CEO of Melita, said: “This transaction is another proof of our success over the last years, built on the hard work from all employees and support from our owners. Thanks to our customers’ continued loyalty and increased trust we have positioned Melita as a telecom market leader in Malta in terms of innovation, technology and customer satisfaction. With the backing of EQT Infrastructure and their extensive experience in our industry, we will continue the journey by developing our networks and providing outstanding customer experience in the years to come. Melita is ideally positioned to grow in the Maltese telecom market and beyond.”

The parties have agreed not to disclose financial details of the transaction. The proposed transaction is subject to customary regulatory approvals.

Clifford Chance and Ganado Advocates acted as legal advisors to EQT Infrastructure.

Contacts
Ulrich Köllensperger, Partner at EQT Partners, Investment Advisor to EQT Infrastructure, +41 44 266 68 08
EQT Press office, +46 8 506 55 334
Malta: Conway Wigg, BPC Communications, +356 2124 321, info@bpc.com.mt

About EQT
EQT is a leading investment firm with more than EUR 61 billion in raised capital across 29 funds and around EUR 40 billion in assets under management. 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 Melita
Founded in 1991, Melita is the market leading operator and owner of future-proof and converged fixed and mobile telecom infrastructure on Malta, offering mobile, fixed telephony, broadband and TV services to consumers, businesses and government clients. Melita also offers colocation services and operates a purpose-built data center.

More info: www.melita.com 

About Apax
Apax Partners is a leading European private equity firm based in Paris. With more than 45 years of experience, Apax Partners provides long-term equity funding to build and strengthen world-class companies. Funds managed and advised by Apax Partners exceed €3.3 billion. These funds invest in fast-growing middle-market companies across four sectors of specialisation: TMT, Consumer, Healthcare and Services.Paris-headquartered Apax Partners (www.apax.fr) and London-headquartered Apax Partners (www.apax.com) have a shared history but are separate, independent firms

More info: www.apax.fr

About Fortino Capital Partners
Fortino Capital Partners is an investment company that was founded in 2013 and is led by Duco Sickinghe, Renaat Berckmoes and Matthias Vandepitte. Fortino Capital invests in remarkable companies of today and tomorrow and actively helps companies to capture opportunities. They accelerate businesses and turn ambition into growth. The company manages a venture capital fund of EUR 80 million and a digital growth fund of EUR 200 million, which focuses on software and digital transformation. Fortino Capital’s investment portfolio includes Teamleader, Bloomon, Aproplan and MobileXpense, among others.

More info: www.fortino.be

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