Monthly Archives: February 2020

KKR Closes $1.3 Billion Global Impact Fund

KKR

Fund to Invest in Solutions-Oriented Businesses

NEW YORK–(BUSINESS WIRE)–Feb. 12, 2020– KKR, a leading global investment firm, today announced the final closing of KKR Global Impact Fund SCSp (“KKR Global Impact” or the “Fund”), a $1.3 billion fund dedicated to investment opportunities in companies whose core business models provide commercial solutions to an environmental or social challenge.

KKR Global Impact is focused on identifying and investing behind opportunities across the Americas, Europe and Asia where financial performance and societal impact are intrinsically aligned. Specifically, the Fund is focused on generating private equity risk-adjusted returns by investing in companies in the lower middle market that contribute measurable progress toward one or more of the United Nations Sustainable Development Goals (“SDGs”).

“The UN SDGS were developed to mobilize citizens, policymakers, technologists and investors to address global challenges. As investors, we have a significant role to play in building businesses that contribute to SDG solutions while also generating financial returns for our fund investors by doing so,” said Robert Antablin and Ken Mehlman, KKR Partners and Co-Heads of KKR Global Impact.

In particular, KKR has identified the following macro themes where it believes KKR Global Impact can contribute meaningfully to helping achieve the SDGs: Mitigating and adapting to climate change; protecting clean water; learning and workforce development; responsible waste management; leveraging technology to enhance safety, mobility and sustainability; serving globally conscious consumers healthier and more sustainable products and services; and upgrading declining industry and infrastructure.

Over the last decade, KKR has been a leader in driving and protecting value throughout the firm’s private markets portfolio through thoughtful Environmental, Social and Governance (“ESG”) management, as well as measuring and reporting on performance to the public and investors. The firm also has a history of investing in businesses that promote solutions to broader societal challenges, having invested $5.5 billion across 35 companies in solutions-oriented businesses that address policy imperatives including workforce development, green energy, responsible waste management, clean water protection and others.

Building on its track record of responsible investment, KKR launched its global impact business in 2018. Since then, the 12 person global team has executed a number of transactions as part of this, including in Barghest Building Performance (BBP), Ramky Enviro Engineers, KnowBe4, Burning Glass, and the formation of a wastewater treatment platform.

The Fund received strong backing from a diverse group of new and existing global investors, including public pensions, family offices, high net worth individual investors and other institutional investors. KKR will be investing more than $130 million of capital in the Fund alongside these investors through the Firm’s balance sheet and employee commitments.

“We are thrilled to see our investors’ shared enthusiasm for the tremendous opportunity we see ahead for KKR Global Impact and will build on this to help set the new standard across investing, value creation and measuring success in the space,” said Alisa Amarosa Wood, KKR Partner and Head of KKR’s Private Market Products Group.

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 partners 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.

Source: KKR

Media:
Kristi Huller or Cara Major
212.750.8300
Media@KKR.com

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Sun Capital Partners Affiliate Acquires West Dermatology

Sun Capital

Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm focused on investing in market-leading companies, today announced that its affiliate has completed the acquisition of West Dermatology (“West” or “the Company”), a leading, clinical, cosmetic and research dermatology platform with 55+ clinic locations throughout Arizona, California and Nevada. Terms of the private transaction were not disclosed.

Founded in 1962 and headquartered in Newport Beach, Calif., West Dermatology is a rapidly growing practice management group focused exclusively on clinical research, medical dermatology services, and cosmetic dermatology. The Company offers more than 800,000 annual patients cosmetic and clinical expertise and continued care for common skin conditions, cancer prevention and remediation, elective cosmetic procedures as well as critical, specialty services such as dermatopathology, innovative research trials and Mohs microsurgery.

West Dermatology boasts a strong foundation in the healthcare community, including maintaining long-term membership and leadership participation with the American Academy of Dermatology, Skin Cancer Foundation, American College of Mohs Surgery, American Society for Dermatologic Surgery, and the American Academy of Allergy, Asthma and Immunology.

“Dermatology is a recession-resistant and growing industry within the broader retail health landscape, and West is a premier player poised to grow further in partnership with Sun Capital” said Marc Leder, Co-Chief Executive Officer of Sun Capital. “We are excited to begin working with CEO Chris Kane and his team and look forward to growing West organically and through continued best-in-class add-on acquisitions.”

West Dermatology has executed 22 acquisitions since 2016 and has recorded sustained multi-year organic growth at more than twice the industry rate as a portfolio company of Enhanced Healthcare Partners.

“Having undergone significant growth over the past five years, West is now at a point where we are prepared to leverage our core competencies to grow in partnership with Sun Capital,” said Kane. “We’re confident Sun Capital’s proven expertise will help us to enhance operations, and better fulfill our mission of serving each of our patients to the best of our ability, every day.”

“West is a true strategic platform that benefits from a carefully assembled portfolio of best-in-class providers, a strong management team prepared to execute an ambitious growth strategy, great strategic payor relationships, and a deep bench of clinical and cosmetic dermatologists recognized as true thought leaders,” added Daniel Florian, Managing Director at Sun Capital Partners. “With support from Sun Capital, West will accelerate its disciplined growth strategy and will further build on the Company’s legacy of excellence.”

For more information, please contact:

Emily Meringolo

Stanton

646-502-3559

emeringolo@StantonPRM.com

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Bisnode strengthens its offering within bank account information

Ratos

Bisnode has started a strategic partnership with Tink, Europe’s leading open banking platform. The partnership will enable Bisnode to provide bank account data based on Tink’s account aggregation and data enrichment technologies in 7 of its markets across Europe.

“This is an important strategic move for Bisnode to build strength in our future risk and credit offerings,” says CEO Magnus Silfverberg.

The partnership with Tink will strengthen Bisnode’s leadership in the risk and credit space and give customers access to key datasets for risk decisions. In combination with Bisnode’s strong offering in credit reports and credit scores, bank account data will be an important basis for making credit decisions in the near future.

“This will be a game changer for lenders in the future and thus for Bisnode as a key provider of risk and credit data,” says CEO Magnus Silfverberg.

For more information: https://www.bisnode.com/about-bisnode/about-us/news/tink-partnership/

For further information, please contact:
Helene Gustafsson, Head of IR & Press, Ratos, +46 8 700 17 98, helene.gustafsson@ratos.se
Tomas Hedenius: +46 70 247 29 02, tomas.hedenius@bisnode.com
David Nilsson Nannini: +46 722 50 41 79, david.nannini@bisnode.com
About Ratos:
Ratos is a corporate group consisting of 12 companies divided into three business areas: Consumer & Technology, Construction & Services and Industry. In total, the companies have SEK 38 billion in sales and EBITA of SEK 1.8 billion. Our business concept is to develop medium-sized companies with headquarters in the Nordic region that are or have the potential to become market-leading. We make it possible for independent medium-sized companies to excel by being part of something larger. A focus on people and leadership, culture and values are key components of Ratos. Everything we do is based on our core values: Simplicity, Speed in Execution and It’s All About People.

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EQT and OMERS acquire Deutsche Glasfaser, a leading provider of fiber-optic internet access in Germany

eqt

  • EQT Infrastructure and OMERS acquire Deutsche Glasfaser, the fastest growing provider of gigabit internet connections through fiber-to-the-home (“FTTH”) to more than 600,000 households and 5,000 businesses across Germany, creating a more sustainable and inclusive society
  • Deutsche Glasfaser will be combined with EQT Infrastructure IV portfolio company inexio to form a leading FTTH player in rural Germany. EQT Infrastructure will own 51% in the combined group and OMERS will own 49%
  • Over the coming years the combined group is committed to invest over EUR 7 billion into the roll-out of fast-speed internet infrastructure in Germany, thereby significantly contributing to the German government’s plan to provide nation-wide gigabit convergent internet infrastructure by 2025

The EQT Infrastructure IV fund (“EQT” or “EQT Infrastructure”) and OMERS Infrastructure Management Inc. (“OMERS Infrastructure”) (acting on behalf of OMERS, one of Canada’s largest defined benefit pension plans) today announced the agreement to jointly acquire Deutsche Glasfaser (the “Company”) from KKR Infrastructure and Reggeborgh.

Since its establishment by Dutch investor Reggeborgh in 2011, Deutsche Glasfaser invested heavily in fiber infrastructure in underserved rural and sub-urban communities in Germany and today provides high-speed internet access to more than 600,000 households and 5,000 businesses. Deutsche Glasfaser’s scalable network, consisting of more than 30,000 kilometers of fiber-optic infrastructure, together with its best-in-class roll-out machine provides a strong platform for continued growth.

Looking ahead, the management team of Deutsche Glasfaser plans to continue the rapid growth of the Company by pursuing a large-scale deployment of FTTH internet access in rural Germany. FTTH is the fastest, most reliable and future-proof internet connectivity solution available and the only technology that will be able to handle the strongly growing internet bandwidth demands of the future.

Deutsche Glasfaser will be combined with EQT Infrastructure IV portfolio company inexio to form a leading FTTH player in rural Germany as well as one of the leading telco companies in Germany. EQT and OMERS Infrastructure as well as Deutsche Glasfaser’s and inexio’s management teams are convinced that the close collaboration between both companies will accelerate the ramp-up of the FTTH roll-out and create various areas for synergy realization.

Germany is among the countries in Europe with the lowest penetration of FTTH connectivity and will require significant investments over the coming years. Drawing on EQT’s and OMERS Infrastructure’s vast sector experience and strong financial support, the combined group intends to invest over EUR 7 billion over the coming years to further accelerate the fiber roll-out pace in the country’s rural regions. This represents a significant contribution to the German government’s plan to provide a nation-wide gigabit convergent internet infrastructure by 2025.

Uwe Nickl, Chief Executive of Deutsche Glasfaser, said: “We are excited to welcome EQT and OMERS as our new owners and we are fully aligned to further develop Germany’s digital infrastructure. With the industry experience and financial support from EQT and OMERS, Deutsche Glasfaser is well-positioned to take the next step on our growth journey and accelerate the fiber roll-out across Germany. On top, we as a management team are excited to join forces with inexio, which will help us to combine our highly complementary skill-sets and to further accelerate our growth.”

David Zimmer, Chief Executive of inexio, said: “The inexio management team is looking forward to the opportunity of building a leading FTTH provider in Germany with the support of EQT and OMERS, alongside our fellow colleagues at Deutsche Glasfaser.”

Matthias Fackler, Partner at EQT Partners, said: “We have followed Deutsche Glasfaser for some time and are impressed with Uwe Nickl’s and his management team’s commitment to digitizing Germany. EQT has a long history of developing strong fiber companies and looks forward to leveraging this experience, and together with OMERS, contribute to the German government’s plan to deliver nationwide gigabit Internet access by 2025. Deutsche Glasfaser and inexio combined will play a vital role in enabling digital inclusion and sustainable economic growth.”

Marco Pugliese, Managing Director at OMERS Infrastructure, said: “We are pleased to announce our partnership with EQT to accelerate the fiber roll-out in Germany’s rural communities. OMERS is eager to support Deutsche Glasfaser’s and inexio’s ambitious growth plans. This investment follows OMERS recent investment to deploy FTTH to more than 8 million homes in France and meets OMERS Infrastructure’s strong desire to seek exposure to essential digital infrastructure in high quality jurisdictions.”

The closing of the transaction is expected in Q2 2020, subject to customary regulatory approval.

With this transaction, EQT Infrastructure IV is expected to be 70-75% invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication).

Contact
Matthias Fackler, Partner at EQT Partners, +49 89 25 54 99 0
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About EQT
EQT is a differentiated global investment organization with more than EUR 62 billion in raised capital and around EUR 41 billion in assets under management across 19 active funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 21 billion and approximately 127,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

EQT Infrastructure owns multiple leading providers of Gigabit fiber infrastructure across Europe, including inexio (Germany), Delta Fiber (Netherlands), IP-Only (Sweden) and Global Connect (Denmark/Norway).

More info: www.eqtgroup.com
Follow EQT on Twitter and LinkedIn

About OMERS and OMERS Infrastructure
OMERS Infrastructure manages investments globally in infrastructure on behalf of OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario, Canada. Investments are aimed at steady returns to help deliver sustainable, affordable and meaningful pensions to OMERS members.

OMERS diversified portfolio of large-scale infrastructure assets exhibits stability and strong cash flows, in sectors including energy, transportation and government-regulated services. OMERS has employees in Toronto and other major cities across North America, the U.K., Continental Europe, Asia and Australia. OMERS is one of Canada’s largest defined benefit pension funds with net assets of C$97 billion.

More info: www.omersinfrastructure.com

About Deutsche Glasfaser
Deutsche Glasfaser is the fastest-growing provider of fiber optic internet connections for retail and business customers in Germany. In the retail customer segment, growth is driven by rising data volumes and the growing use of video streaming, whilst in the business segment, fiber optic connections for small and medium-sized businesses are the key driver of growth. Just over a decade after its establishment, Deutsche Glasfaser is well positioned in rural and small-town communities in Germany, providing internet access to more than 600,000 households and 5,000 businesses.

More info: www.deutsche-glasfaser.de

About inexio
inexio is a fast-growing provider of broadband connectivity services for retail and business customers in Germany. The Company is well positioned in rural and small-town communities in Southwest and Southern Germany, providing internet access to more than 300,000 households and 6,000 businesses.

More info: www.inexio.net

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Speed Group to install Nordic region’s largest solar-panel roof

Ratos

2020-02-10

The Nordic region’s largest rooftop photovoltaic (PV) system – both in terms of size and capacity – will be installed on Speed Group’s new head office and warehouse, located outside Borås, Sweden. The system, which will cover an area as big as 11 football pitches, is expected to produce 4GWh of green electricity per year, equivalent to the annual consumption of 400 villas. The initiative will provide Speed Group with an attractive green logistics offering and make the warehouse CO2 positive.

“We can now offer our new and existing customers an attractive green logistics solution, which is becoming increasingly sought after. This warehouse will provide our customers with a CO2-neutral solution. As we automate our warehouses, our energy needs are also increasing, and these needs can now be met with solar power produced at our own facility,” says Mats Johnson, CEO of Speed Group.

Speed Group’s new warehouse and head office will be completed on an ongoing basis, with the entire building, comprising 83,000 square metres, expected to be fully operational by May 2020. The PV system will cover an area of 60,000 square metres.

“This initiative is an exciting and natural step both from a business perspective for Speed Group and from a social and sustainability perspective. Ratos is convinced that there is a strong link between sustainability and long-term value creation, and these issues are top priorities for us in our ownership role,” says Christian Johansson Gebauer, Head of Business Area Construction & Services at Ratos and Chairman of the Board of Speed Group.

Ratos became the majority owner of Speed Group in 2015. Today, Speed Group is a national supplier of logistics, staffing, recruitment and training services, with a strong position in an attractive underlying market. The company has approximately 1,050 employees and sales of SEK 707m for 2019.

For further information, please contact:
Christian Johansson Gebauer, Head of Business Area Construction & Services, Ratos, +46 8 700 17 00
Helene Gustafsson, Head of IR and Press, Ratos, +46 8 700 17 98

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KKR Sells Deutsche Glasfaser to EQT and OMERS

KKR

Under KKR’s ownership, the company has become the German market leader in next-generation digital infrastructure

LONDON–(BUSINESS WIRE)–Feb. 10, 2020– KKR, a leading global investment firm, today announces the signing of an agreement with EQT Infrastructure IV fund (“EQT” or “EQT Infrastructure”) and OMERS, for EQT and OMERS to jointly acquire Deutsche Glasfaser (“DG”).

Deutsche Glasfaser was founded in 2011 and KKR acquired a majority position in 2015 from Dutch investor Reggeborgh. Under KKR’s ownership, Deutsche Glasfaser has become the fastest growing provider of gigabit internet connections through fiber-to-the-home (“FTTH”) in Germany. With KKR’s operational and financial support the company invested over €1.2bn in fibre infrastructure and deployment in underserved rural and suburban communities in Germany, increasing connections to more than 600,000 households and 5,000 businesses.

During that period, KKR has provided consistent support to the DG team including through its dedicated Capital Markets team, which has led several successful rounds of financing for the company to support its growth. The investment demonstrates KKR’s unique expertise in growing and expanding businesses in the infrastructure sector while making an important contribution to increasing broadband penetration, supporting SME growth and helping bring market-leading connectivity to underserved communities in Germany.

Vincent Policard, Partner at KKR in European Infrastructure, said: “A big thank you to Uwe Nickl, Jordi Nieuwenhuis and their management team for an incredible journey over the past years. We are delighted to have contributed to this by supporting the growth of a company which has transformed German connectivity, making huge progress in ensuring that all German households and businesses have access to the digital infrastructure necessary to drive economic growth and help societal development. We wish the company continued success in further developing the German gigabit society.”

Uwe Nickl, CEO of Deutsche Glasfaser, said: “I am very happy to have worked with the team at KKR who have helped us immensely over the past few years with our growth journey as a business. KKR’s industry expertise, deep international network and continued support throughout the process has been invaluable, helping us to scale effectively, establish our market-leading position and bring digital infrastructure to more homes in Germany than ever before.”

The investment in Deutsche Glasfaser was made through KKR’s Infrastructure Fund II. KKR has been active in the infrastructure sector for a decade and currently has around $20bn AUM. The global infrastructure platform has completed over 30 investments in that period, half of those in Europe, across the energy and utility, transportation and telecommunications sectors. The team is currently investing KKR Global Infrastructure Investors III, a $7.4bn vehicle raised in 2018, and has been active in Europe in recent months with transactions including the acquisition of a majority stake in Hyperoptic, a leading UK fibre broadband provider.

The closing of the transaction is expected in Q2 2020, subject to customary regulatory approval. Morgan Stanley acted as financial advisor to KKR and Clifford Chance served as legal counsel on the transaction.

For more information:

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 partners 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.

Source: KKR

International
Alastair Elwen
Finsbury
Alastair.elwen@finsbury.com
+44 20 7251 3801

Germany
Raphael Eisenmann
Hering Schuppener
+49 69 92 18 74-86
reisenmann@heringschuppener.com

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JenaValve Technology Closes $50 Million Financing

GIMV

Equity Round led by Bain Capital Life Sciences

IRVINE, Calif. (February 5, 2020) – JenaValve Technology, Inc., developer and manufacturer of the
JenaValve Pericardial Transcatheter Aortic Valve Replacement (TAVR) System for the treatment of
aortic valve disease, announces that it has raised $50 million in an equity financing led by Bain Capital
Life Sciences. Additional participants in the financing included existing investors Andera Partners, Gimv,
Legend Capital, NeoMed Management, RMM, Valiance Life Sciences and VI Partners. The Company
also announces the appointment of Andrew Hack, MD, PhD, Managing Director of Bain Capital, to the
JenaValve Board of Directors.

“We are pleased to complete this financing led by new investor Bain Capital Life Sciences, a wellrespected name in healthcare, as well as strong participation from our existing venture investors,” said John Kilcoyne, JenaValve’s Chief Executive Officer. “This announcement comes on the heels of receiving Breakthrough Device designation from the U.S. Food and Drug Administration (FDA), which
allows for priority review of our Align Clinical Trial for the treatment of symptomatic, severe aortic
regurgitation (AR) and AR-dominant mixed aortic valve disease. Our TAVR system is differentiated in
that no other transcatheter valve device has FDA approval for patients suffering from severe AR who are
at high risk for surgery, which we believe is a multi-billion-dollar market opportunity. This financing
supports our ongoing clinical program and plans to file for U.S. Humanitarian Device Exemption (HDE)
approval in the second half of 2020.”

JenaValve is conducting a global multicenter clinical program for the treatment of patients with severe
AR and AR-dominant mixed aortic valve disease who are at high risk for surgery. Following completion
of the HDE portion of the trial, patient enrollment will continue in support of submitting a Premarket
Approval (PMA) application to the FDA under the Breakthrough Device program. The Company also
anticipates filing the JenaValve® for CE mark approval for both aortic stenosis and aortic regurgitation in
the second half of 2020.
“We welcome Dr. Hack to our Board and look forward to Bain Capital’s contribution to governance and
strategy,” added Mr. Kilcoyne. “Andrew’s industry knowledge and experience, as well as his success as
an institutional investor and chief financial officer will add valuable perspectives to our Board.”
Dr. Hack commented, “I’m delighted to join the JenaValve Board as the Company works to gain approval
for a solution to a significant unmet medical need. JenaValve’s focus on advancing a breakthrough
technology with the ability to improve patient lives embodies the characteristics we seek at Bain Capital
Life Sciences. We are committed to providing both financial assistance and oversight in support of
JenaValve’s success.”

Dr. Hack has served as a Managing Director at Bain Capital Life Sciences since 2019. He previously
served as Chief Financial Officer of Editas Medicine (Nasdaq: EDIT) and as a healthcare portfolio
manager at Millennium Management. Prior to that, he was a securities analyst at a number of healthcare focused hedge funds and investment banks. Dr. Hack received an MD and a PhD in molecular genetics
and cell biology from the University of Chicago.

About the JenaValve Transfemoral TAVR System
The JenaValve Pericardial TAVR System consists of a bioprosthesis comprised of a self-expanding nitinol
stent with a porcine pericardial valve manufactured using state-of-the-art tissue processing techniques.
The TAVR System is available in three sizes to treat a broad range of aortic annulus diameters.
The JenaValve Pericardial TAVR System is an investigational device, and is not available for sale in the
United States or internationally.

About Bain Capital Life Sciences
Bain Capital Life Sciences (www.baincapitallifesciences.com) pursues investments in biopharmaceutical,
specialty pharmaceutical, medical device, diagnostics and enabling life science technology companies
globally. The team focuses on companies that both drive medical innovation across the value chain and
enable that innovation to improve the lives of patients with unmet medical needs. Since 1984, Bain
Capital has developed global reach, deep expertise and a proven track record in life sciences industries
across its Private Equity, Credit, Public Equity and Venture business units. Bain Capital Life Sciences
builds on the differentiated skillset and enables the firm to pursue opportunities created by several longterm trends in healthcare.

About JenaValve
JenaValve Technology, Inc., with locations in Irvine, Calif., Leeds, U.K. and Munich, Germany, develops
and manufactures transcatheter aortic valve replacement (TAVR) systems to treat patients suffering from
aortic valve disease. The Company is in clinical development of its next-generation transfemoral TAVR
system in both the U.S. and CE mark countries for treating patients with aortic stenosis and/or aortic
regurgitation. In addition to Bain Capital Life Sciences, JenaValve is backed by European and Asian
investors, including Andera Partners (formerly Edmond de Rothschild Investment Partners), Gimv
(Euronext: GIMB), Legend Capital, NeoMed Management, RMM, Valiance Life Sciences and VI
Partners. Additional information is available at www.jenavalve.com.
###
Investor and Media Contact:
Matt Clawson
W2Opure
(949) 370-8500
mclawson@w2ogroup.com

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Medisys announces its first build-up with Sykio, Ogust managersoftware Publisher

Activa Capital

A few months after the partnership of Medisys with Activa Capital and Turenne Santé, the software publisher in the home-care field for dependent people in homes and institutions is pursuing its development with the acquisition of Sykio, publisher of the Ogust Manager software. This transaction enables Medisys to expand its client portfolio to private players in the home-care field for dependent people. Ogust Manager is a full-web and mobile management solution for managing human services activities. Created in 2007, the company is still managed by one of the two founders, Didier Humbert. Newfund, a shareholder since 2012, is selling its stake.With growth of more than 15% per year, Ogust Manager complements Medisys’ SaaS offering with software that is highly appreciated by Medisys’ previously unaddressed private homecare customers. Didier Humbert joins the Medisys management team led by Guillaume Bouillot. Karim Abichat, co-founder, will support the operation by remaining a shareholder.On the occasion of this merger, Medisys has drawn down its additional financing line put in place at the closing of the transaction in May 2019. This transaction underlines the ability of Activa Capital(majority shareholder)to support management teams in the transformation of growing SMEs, particularly through the structuring of external growth operations.Regarding this acquisition, Turenne Santé has brought his sector investor expertise contributing to the consolidation of these two software publishers.Guillaume Bouillot, President of Medisys Holding, said: «Sykio and its Ogust Manager software complement Medisys’ in-home offering with a solution that is perfectly in line with the rapidly growing demands of private structures and franchise networks. We are very pleased to join forces with Didier Humbert and to leverage synergies, particularly commercial synergies, to accelerate the already strong growth of Ogust Manager.»Christophe Parier and Alexandre Masson, Managing Partners of Activa Capital, completed: «Helped byinitial contact initiated before the closing of the Medisys transaction, the combination with Sykio accelerates the development of Medisys and strengthens the company in the medico-social sector. » Mounia Chaoui andGrégory Dupas, Turenne Santé, declared: « We thank all parties for this very nice operation which allows Medisys to offer a complete suite of ERP software for the management of public, associative and private SSIADs and SADs.»

Patrick Malka, co-founder of Newfund, added: We have been accompanying Didier and Karim since 2012. Today a page is turned in the best possible way as this backing of Medisys reflects the founders’ first choice. Congratulations to Medisys and Activa for this operation and good luck to Didier and Karim in their new respective adventures.»Didier Humbert, co-founder of Sykio, stated: «This partnership with Medisys is a great opportunity to enable Ogust to grow faster and continue its sustained pace of innovation in the human services sector. The combination of Medisys and Ogust will enable us to offer a complete technical offering that is unparalleled on the market.

Participants Buyers Medisys:

Guillaume Bouillot Activa Capital: Christophe Parier, Alexandre Masson, Frédéric Singer, Elliot ThiéblinTurenne Santé:Mounia Chaoui, Grégory Dupas Financial Due Diligence: Exelmans (Stéphane Dahan, Manuel Manas, Matthieu Réglade)Social, tax and legal Due Diligence: PwCavocats(Erick Hickel, Nicolas Arfel)Corporate lawyers:Hogan Lovells (Stéphane Huten, Paul Leroy, Alexandre Jeannerot)SellersSykio: Karim Abichat, Didier Humbert Newfund: Patrick MalkaFounders lawyer: ID3 Avocats (Bruno Bibollet)Newfund lawyer: Stance Avocats (Romain Franzetti)Senior financingSeniordebt: Crédit du Nord (Bertrand Descours), Crédit Agricole Provence Alpes Côte d’Azur(Christophe Lejeune), BNP Paribas (Mathias Ronzeaud)

About Medisys

Based in Aix-en-Provence and created in 1991, Medisys is a leading software publisher in the field of home and facilities help and care for dependent persons. Bernard Chevalier, the founder of Medisys, handed over the company in April 2019 to Guillaume Bouillot, a software entrepreneur, associated with the company’s three experienced managers.AboutSykioSykio publishes the management software of the Ogust suite, dedicated to companies and associations of human services, nurseries, cleaning companies and training organizations. The first management software available in SaaS mode, the Ogust range adapts to all specificities (configurable modules or specific developments). Ogust is an innovative French startup based in Paris that designs online management software for human services companies. Its ambition is to enable its customers to develop rapidly thanks to technology (software). Its solutions are used in 8 countries. Ogust offers many functionalities developed mainly to make the organization more efficient, improve the quality of services (extranet access for stakeholders and customers-beneficiaries), improve cash flow (remote transmission CESU) and develop turnover.

About Activa Capital

Activa Capital is an independent private equity company, owned by its partners, characterized by a proactive strategy of supporting growth (organic and external). It currently manages more than €500 million on behalf of institutional investors by investing in French SMEs and Mid-Caps with high growth potential and an enterprise value ranging between €20 million and €100 million. Activa Capital supports its portfolio companies to accelerate their development and international presence, often through active build-upprograms.To learn more about Activa Capital, visit www.activacapital.com

About Turenne Santé

With more than €220 million in assets under management, including more than €120million for FPCI Capital Santé 2 (currently in the fundraising stage), Turenne Santé, Healthcare team of Turenne Group,helps healthcare companies to face challenges related to their growth and transfer.Over the last 20 years, the Turenne Group, a leading private equity firm in France, has helped business owners carry out their innovation, development and transfer projects. As an independent player, the Group managed €1 billion as of 30 June 2019. It employs 61 professionals, including 46 investors, basedin Paris, Lille (Nord Capital), Lyon, Marseille and Metz, who provide assistance to more than 250 business leaders in the healthcare, hospitality, new technologies, distribution or innovative services sectors.The Turenne Group advocates a Socially Responsible Investor approach. It provides financial support and runs the Béatrice Denys Foundation for Therapeutic Innovation, which rewards the most successful projects within French academic medical research, under the auspices of the Foundation for Medical Research.www.turennecapital.com

About Newfund

Founded in 2002 by François Véron and Patrick Malka, Newfund is a €230 million early stage investment fund subscribed by entrepreneurs and family offices committed to entrepreneurial development. In 2019, Newfund has more than 80 active investments, including Aircall, In2Bones and Eqinov. The fund has made some fifteen significant exits, including Luckey Homes (acquired by Airbnb), Medtech SA and Beyond Ratings (acquired by London Stock Exchange Group). Newfund is also one of the only French early-stage funds present in the United States, in Silicon Valley, with already more than 25 companies. More information on:

www.newfundcap.com

Press contacts:Activa Capital:Alexandre MassonChristophe ParierChristelle PiattoManaging PartnerManaging PartnerCommunication Managers+33 1 43 12 50 12+33 1 43 12 50 12+33 1 43 12 50 12alexandre.masson@activacapital.comchristophe.parier@activacapital.comchristelle.piatto@activacapital.comTurenne Santé:Mounia ChaouiJosepha MontanaPartnerCommunications& SRIManager+33 1 53 43 03 03+33 1 53 43 03 03mchaoui@turennecapital.comjmontana@turennecapital.com

Categories: News

Nordstjernan divests its holding in PriceRunner

Nordstjernan

Nordstjernan has signed an agreement to divest its holding in PriceRunner, a company that provides a leading digital consumer service for price comparisons and product information from both online shops and brick-and-mortar stores, to the eEquity investment fund and Nicklas Storåkers.

PriceRunner was founded in 1999, and Nordstjernan has been the owner since 2016 with 35 percent of the shares in the company. PriceRunner has approximately 130 employees with operations and sites in Sweden, Denmark and the UK.

“Nordstjernan has been an owner of PriceRunner alongside Nicklas Storåkers and Karl‑Johan Persson. Together with the company’s management, we created an independent and competitive comparison service. The company is now entering a new stage of development, and I would like to extend my deepest thanks to management and employees for their efforts. I am pleased that an experienced investor like eEquity will be a new owner of PriceRunner”, says Peter Hofvenstam, President and CEO of Nordstjernan.

The parties agree not to disclose the terms of the transaction.

Peter Hofvenstam
President and CEO
Nordstjernan AB

Questions will be answered by:

Peter Hofvenstam, CEO, Nordstjernan
E-mail: peter.hofvenstam@nordstjernan.se

Stefan Stern, Head of Communications, Nordstjernan
Telephone: +46 70 636 74 17
E-mail: stefan.stern@nordstjernan.se

Nordstjernan is a family-controlled investment company whose business concept is to be an active owner that creates long-term value growth. More information about Nordstjernan can be found on www.nordstjernan.se.

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CapMan Nordic Real Estate II signs agreement with the Swedish Police to lease in excess of 30,000 sqm of space in Eskilstuna, Sweden

CapMan Real Estate Press release
7 February 2020 at 02.00 p.m. CET

CapMan Nordic Real Estate II signs agreement with the Swedish Police to lease in excess of 30,000 sqm of space in Eskilstuna, Sweden

CapMan Nordic Real Estate II fund has entered into an agreement with the Swedish Police to lease more than 30,000 sqm of space on a long-term basis at its Vintergatan 19 property in Eskilstuna for a new police station.     

CapMan acquired the 63,000 sqm Vintergatan 19 property in March 2018, which sits on a site of 6.5 hectares on Kungsgatan 71 in central Eskilstuna. In 2019, the main existing tenant, ASSA ABLOY, extended its lease on 11,000 sqm for a period of 12 years. In addition to this, CapMan will now develop a modern police station at the property, which will be ready in 2024 and be of significant value to the Police Authority, its employees and the Södermanland County community.

“We are very excited to enter into a long-term agreement with the Police Authority and to develop a new facility for them.  The Police Authority have for some time been searching for a good solution to meet their future needs in Eskilstuna and CapMan is delighted to assist them with this. Completion of this agreement is a major step towards achieving our business plan for the property,” comments Per Tängerstad, Partner at CapMan Real Estate.

Wigge & Partners acted for CapMan in the transaction.

CapMan Nordic Real Estate II is a €425 million fund raised in August 2017. The focus of the fund is to acquire mainly office, industrial, retail and residential properties located in established submarkets of major Nordic cities.

CapMan Real Estate has a team consisting of 40 real estate professionals in Helsinki, Stockholm, Copenhagen and Oslo. CapMan’s current real estate volume under management is over EUR 2.5 billion.

For further information, please contact:
Per Tängerstad, Partner, CapMan Real Estate, tel. +46 70 591 23 00

About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. Our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, fundraising advisory, and analysis, reporting and wealth management services. Altogether, CapMan employs 140 people in Helsinki, Stockholm, Copenhagen, London and Luxembourg. CapMan is a signatory of the PRI since 2012 and has established the Nordic chapter of the Level 20 network that promotes diversity in the private equity industry. CapMan Plc’s shares are publicly traded on Nasdaq Helsinki since 2001. Please visit www.capman.com for more information.

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