SCHEMA Group adds Docware to its portfolio of companies

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SCHEMA Group, a developer of software solutions for content lifecycle management (Component Content Management System SCHEMA ST4 and Content Delivery Solution SCHEMA CDS), is completing a full takeover of Docware GmbH with effect from 20 January 2020. The service information system manufacturer is the latest addition to the SCHEMA Group’s portfolio of companies. SCHEMA Group had already reinforced their position in this area back in May 2019, by increasing its stake in TID Informatik from 27% to 100%. With the acquisition of Docware GmbH, the SCHEMA Group is now even stronger in this sector. In addition, the SCHEMA Group develops software solutions for generating and maintaining ‘Technical Information’, which, in combination with ‘Service Information’, is seen as the basis for smart content integration into Industry 4.0 and the Internet-of-Things devices.

“The decision to integrate Docware into the SCHEMA Group not only resolves succession issues, it also provides excellent future prospects for our customers and our employees,” enthuses Werner Hofmeister, founder and Managing Director of Docware GmbH. “Under the umbrella of the SCHEMA Group, Docware – together with TID Informatik – is strengthening its presence on the market, which is not only more attractive for decision-makers, but also means customers have a broader product portfolio to choose from. I am sure that this merger will help us to generate huge growth potential for the future.”

Marcus Kesseler, founder and Managing Director of SCHEMA Group, explains: “With Docware, we are gaining another company that has been firmly established on the market for many years. All three companies in the group are leaders in their segment and are showing significant growth. We are also working together on new product innovations, which should give us access to new markets. In the SCHEMA Group, we offer a unique range of products and services that provides significant added value for our customers.”

The acquisition of Docware will increase the number of SCHEMA Group employees to over 250. Together, the companies have more than 1000 customers in over 25 countries. This means SCHEMA Group is now one of Germany’s leading software manufacturers.

What is SCHEMA?
The SCHEMA Group was founded in Nuremberg in 1995 and is a medium-sized software manufacturer with more than 130 employees. The SCHEMA Group produces component content management and content delivery solutions for editorial offices that create product-related content. Software from SCHEMA helps companies to describe complex products and to produce and distribute these descriptions on different media.

The XML editing system SCHEMA ST4 is one of the most widely used systems for the modular creation of documentation, package inserts and marketing materials. The system covers all areas of creation, versioning, variant control, translation, administration and publication of product-related content – from authoring support during input to the finished layout for the print catalog.
The SCHEMA Content Delivery Server offers companies a standard solution for automatically distributing intelligent information created in editorial systems to end users in a targeted and context-specific manner. This ensures that exactly the right information arrives automatically on mobile devices.

SCHEMA’s software solutions are used by more than 500 customers in the mechanical engineering, automotive, information technology, electronics, medical technology and pharmaceutical industries. Customers such as ABB, Agilent, Andritz, Bentley, Bombardier, Bosch, Bundesanzeiger, Carl Zeiss, Caterpillar, Daimler, Datev, Doppelmayr, General Electric, KSB, MAN, Miele, Österreichische Bundesbahnen, Philips, Porsche, Roche, Schaeffler Group, SEW Eurodrive, Siemens, SMA, Toyota, TüV, Voith and Wincor Nixdorf and many others rely on SCHEMA systems.

SCHEMA. Complex documents easy. www.schema.de

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IK Investment Partners joins Amin Khiari and Quilvest by investing in GEDH to accelerate its development

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Groupe EDH (“GEDH” or the “Group”), controlled by Quilvest Capital Partners (“Quilvest”) and Amin Khiari, has announced that IK Investment Partners (“IK”), a leading Pan-European private equity firm, has acquired a minority stake in the Group. The investment demonstrates a common willingness to pursue a strong development strategy for the private higher education Group, expanding both in France and internationally.

A pioneer in the field of communication (EFAP), cultural management (ICART) and journalism (EFJ), the Group, managed by Amin Khiari since 2014, received investment from Quilvest in 2017 in order to support its growth plan and in particular its external growth operations. GEDH has since completed the acquisitions of the Brassart and Aries schools, both specialised in the field of digital creation, now combined under the Brassart brand with a presence in 13 cities in France. More recently, the Spanish communication and design university CESINE, based in Santander, joined the Group.

“Our Group has undergone a significant development phase over the past five years through a combination of organic growth, geographic expansion and external growth, increasing from 2,000 to nearly 7,000 students, from three to five schools and from five to twenty campuses. We are proud of these results, rewarding a continuous improvement strategy of both our programs and educational methods to offer an ever better service and professional insertion to our students. The investment from IK will provide us with the necessary resources to pursue a next phase of growth in the coming years, in keeping with the identity and values of our schools,” said Amin Khiari, Chairman of GEDH

IK’s investment will allow the Group to keep up with the financing requirements in its existing schools and through their geographic roll-out, as well as for the acquisition and integration of new campuses in France and abroad, strengthening the position of GEDH as a leader in private higher education in France.

“We are delighted that the management of GEDH and Quilvest have decided to place their trust in us and to be able to contribute to the wider development of these schools. Our approach is based on a clear ambition: to build a champion in higher education in the fields of communication, culture and creation, in France and abroad,” added Thomas Grob, Partner at IK Investment Partners.

Quilvest Capital Partners retains its reference shareholding position in Groupe EDH, alongside Amin Khiari.

“We are familiar with the professionalism and quality of IK Investment Partners’ team and we look forward to building this new team alongside the management of Groupe EDH and continue the fantastic development that we have experienced for several years,” stated Thomas Vatier, Partner at Quilvest Capital Partners.

Parties involved in the transaction

Buyside
IK Investment Partners:  Thomas Grob, Thibaut Richard, Florent Labiale, Adrien Normand
Legal advisor: Goodwin (Thomas Maitrejean, Mathieu Terrisse)
Commercial advisor: PMSI (Rémi de Guilhermier, Lucinda Nicholson)
Financial advisor: Eight Advisory (Lionnel Gerard, Guillaume Catoire)
Legal and tax advisor: PwC Société d’avocats (Jérôme Gertler, Marc-Olivier Roux, Bernard Borrely)

Sellside
Quilvest Capital Partners: Thomas Vatier, Loeiz Lagadec, Hichem Hadjoudj
M&A advisor:  Eurvad Finance (Charles Guigan, Yassine Jnan, Martin Klotz)
Legal advisor: Mayer Brown: Corporate (Olivier Aubouin, Patrick Loiseau Renan Lombard-Platet, Alexandre de Puysegur); Financing (Patrick Teboul, Marion Minard, Julien Léris); Tax structure (Elodie Deschamps, Pauline Barbier)
Financing advisor: Finaxeed (Vincent Rivaillon, Matthieu Lecomte)
Financial advisor: Exelmans (Stéphane Dahan, Richard Dahan, Chenwei Xu, Géraud Delloye)
Legal, tax and real-estate advisor: Delsol: Corporate (Henri-Louis Delsol et Alexandre Zitoune); Tax (Julien Monsenego et Margot Lasserre); Social (Delphine Bretagnolle, Jessica Neufville et Céline Coelho); Real estate (Benoît Boussier et Cérine Chaieb)
Private lenders advisor: Allen & Overy (Jean-Christophe David, Thomas Roy)

Management team
Amin Khiari, CEO
Legal advisor: Gomel Avocats (Arnaud Gomel)
Tax advisor: Ayache Salama (Bruno Erard)

Joint advisors
Private lenders: CIC Private Debt (Pierre-Jean Mouesca, Marie de Taisne, Maureen Planchard); Idinvest (Eric Gallerne, Maxime de Roquette Buisson, Emmanuelle Tanguy)

For further questions, please contact:

IK Investment Partners
France:
CTCom
Sibylle Descamps
+33 (0) 6 82 09 70 07
sibylle.descamps@ct-com.com

International:
Maitland
James McFarlane
+44 (0) 207 379 5151
jmcfarlane@maitland.co.uk

FTI Consulting for Quilvest Capital Partners
Anna Adlewska
+33 (0) 1 47 03 68 56
anna.adlewska@fticonsulting.com

GEDH
Emmanuelle Baruch
e.baruch@groupe-edh.com

About Groupe EDH
Founded in 1961 by Denis Huisman, and succeeded by Amin Khiari in 2014, GEDH is comprised of 5 reference schools, namely EFAP (Communication), ICART (Art and Culture Management), EFJ (Journalism), Brassart (Digital Creation), and CESINE (Design, Marketing and Communication) with 20 campuses in France and abroad.

Benefiting from a powerful network of international partners from the corporate and academic world, GEDH has developed a unique pedagogy focused on strong professional exposure and work experiences. The different schools account for more than 7,000 students and 30,000 alumni throughout the world.

About IK Investment Partners
IK Investment Partners is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €10 billion of capital and invested in over 130 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com

About Quilvest Capital Partners
Quilvest Capital Partners is the private equity arm of the Quilvest Group, a leading, global, independent wealth manager and private equity investor, which was created by a family of entrepreneurs in Paris a century ago. Since 1972, Quilvest Capital Partners partners with family owners and entrepreneurs of private small and medium sized companies in their ambitious, long-term growth projects. Over the last 40 years, Quilvest has backed over 150 mid-sized companies. Quilvest has a team of 15 investment professionals based in Paris and New York and invests equity tickets comprised between 20 and 70 million euros, through both majority and minority stakes. Quilvest Capital Partners also manages several investment programmes in private equity funds, private debt and private real estate. Quilvest Capital Partners manages around $5 billion of assets.

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General Fusion Closes $65M of Series E Financing – Gimv contributes to the search of an answer for a carbon-free energy future

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GIMV

Funding Enables the Company’s Fusion Demonstration Plant

VANCOUVER, Canada – General Fusion announced that it has successfully
closed USD$65 million of Series E equity financing. The financing was led by
Temasek, a global investment company headquartered in Singapore.
This USD$65 million of new financing, together with the release of CAD$50
million in additional investment from Canada’s Strategic Innovation Fund,
enables the Company to formally launch the program to design, construct, and
subsequently operate its Fusion Demonstration Plant. This prototype facility is
intended to confirm the performance of General Fusion’s magnetized target
fusion technology in a power plant relevant environment. Pursuit of this next
important step toward commercially viable fusion energy reflects the growing
global collaboration between public and private stakeholders in this
transformative technology. General Fusion has attracted more than USD$200
million in funding to develop its practical approach to fusion energy.

“The world is pivoting toward fusion as the necessary complement to other
technologies which, collectively, will enable the carbon-free energy future we
all need,” said Chief Executive Officer Christofer Mowry.

“The success of our financing is further evidence that the global stakeholders in this endeavor are leaning into this challenge with action. We are proud and honored that
Temasek and our other investors have demonstrated their confidence in Share General Fusion with this funding.”

In addition to Temasek, the Cleantech Practice of Business Development Bank
of Canada (BDC), the DLF Group, Gimv, I2BF Global Ventures, Disruptive
Technology Advisers (who also assisted the Company in the financing), Hatch and several individual impact investors have become new investors in General Fusion.

They were joined in this Financing by many existing international
investors in the Company, including Chrysalix Energy Venture Capital, Bezos
Expeditions, Khazanah Nasional Berhad, Braemar Energy Ventures,
Entrepreneurs Fund, and SET Ventures.

About General Fusion
General Fusion is pursuing the fastest and most practical path to commercial
fusion energy, and is based in Vancouver, Canada, with locations in Washington
D.C., and London, U.K. The company was established in 2002 and is funded by
a global syndicate of leading energy venture capital firms, industry leaders, an technology pioneers.

Learn more at www.generalfusion.com.

About Temasek
Temasek is an investment company with a net portfolio value of S$313 billion
(US$231 billion) as at 31 March 2019. Temasek actively seeks sustainable
solutions to address present and future challenges, as it seeks to capture
investment and other opportunities that help to bring about a better, smarter
and more sustainable world. Headquartered in Singapore, Temasek has 11
offices around the world Beijing, Hanoi, Mumbai, Shanghai and Singapore in
Asia; and London, New York, San Francisco, Washington D.C., Mexico City, and
Sao Paulo outside Asia. For more information on Temasek, please visit
www.temasek.com.sg.

Contact:
To interview a General Fusion spokesperson, please contact:
Paul Sullivan
Office: +1 604 685 4742
Mobile: +1 604 603 7358
paul.sullivan@generalfusion.com

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EQT AB (publ) Quarterly Announcement Q4 2019

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Good exit activity in the fourth quarter. Strategic options for Credit being evaluated.
HIGHLIGHTS DURING THE FOURTH QUARTER 2019

  • Total investments by the EQT funds in the quarter amounted to EUR 1.9bn
    • Private Capital: Investments include, among others, SHL Medical in Switzerland and Recover Nordic in Norway (both in EQT VIII)
    • Real Assets: Investment in Metlifecare in New Zealand (EQT Infrastructure IV)
    • Credit: Investments across Special Situations, Direct Lending and Senior Debt
  • Total gross fund exits in the quarter amounted to EUR 2.4bn and were mainly within Private Capital
  • EQT Ventures II closed at approximately EUR 620m in fee-generating AUM. Other fundraising efforts in the period focused on EQT Real Estate II and preparations for EQT IX
  • Expected value creation (Gross MOIC) developing ”On plan” in key funds in Private Capital and Real Assets, while EQT Infrastructure III as of December 31, 2019, continued to develop ”Above plan”

HIGHLIGHTS DURING 2019 (JAN – DEC 2018)

  • Good investment activity across the EQT funds with total fund investments of EUR 11.9bn (EUR 8.6bn), of which EUR 2.3bn (EUR 1.1bn) within Credit
  • Investment level in key funds as of December 31, 2019: 70-75% in EQT VIII (30-35% as of December 31, 2018) and 55-60% in EQT Infrastructure IV (5-10% as of December 31, 2018)
  • Good exit activity with EUR 8.0bn (EUR 5.1bn) in total gross fund exits across the EQT funds, of which EUR 1.1bn (EUR 1.0bn) within Credit
  • Fee-generating AUM increased to EUR 39.9bn as of December 31, 2019 (EUR 36.6bn). This was primarily driven by the successful closing of EQT Infrastructure IV with a final close in March 2019
  • Number of full-time equivalent employees and on-site consultants (FTE plus) amounted to 706 (601) at the end of the period, of which FTEs amounted to 645 (527)

EVENTS AFTER THE REPORTING PERIOD

  • Investment level in key funds as of January 23, 2020, were 70-75% in EQT VIII and 60-65% in EQT Infrastructure IV
  • The target size for the EQT IX fund has been set at EUR 14.75bn
  • EQT has initiated a review of future strategic options for the business segment Credit
    • The growth prospects of Credit are in avenues further away from EQT’s core business of active ownership where EQT can make a strong impact and fully utilize the EQT platform
    • JP Morgan has been appointed as financial advisor to evaluate strategic options for Credit

Presentation of EQT AB’s Q4 2019 announcement
A telephone conference which will be held at 08:30 CET. Presentation materials for the telephone conference will be available on www.eqtgroup.com/shareholders/financial-reporting

At the telephone conference, Christian Sinding, CEO and Managing Partner, Caspar Callerström, COO, and Kim Henriksson, CFO, will present EQT AB’s Q4 announcement in English, followed by a Q&A session also joined by Åsa Riisberg, Partner & Head of Shareholder Relations and Pawel Wyszynski, Shareholder Relations Officer.

To participate, please use the following dial-in details below, at least 10 minutes in advance.
Sweden:                               +46 8 566 42 651
UK:                                      +44 333 300 0804
USA:                                    +1 631 913 1422
Confirmation Code:               27944395

The telephone conference can be followed live on www.eqtgroup.com/shareholders/financial-reporting and a recording will also be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT will publish quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors will be published. Finally, EQT will also publish an annual report including sustainability reporting.

Please note that the EQT AB´s Year-end Report 2019 will be released on the 12th of February 2020.
Contact
Åsa Riisberg, Partner & Head of Shareholder Relations, +46 8 506 55 342
Nina Nornholm, Head of Communications, +46 70 855 03 56
Pawel Wyszynski, Shareholder Relations Officer, +46 72 987 36 44
EQT Press Office, press@eqtpartners.com , +46 8 506 55 334

This is information that EQT AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CET on January 23, 2020
About EQT
EQT is a differentiated global investment organization with a 25-year track-record of consistent investment performance across multiple geographies, sectors and strategies. With strong values and a distinct corporate culture, EQT manages and advises funds and vehicles that invest across the world with the mission to generate attractive returns to the fund investors.

EQT’s talent base and network allow it to pursue a unique value creation approach and thematic investment strategy, with the aim of future-proofing the companies which EQT invests in, creating superior returns and making a positive impact with everything EQT does.

EQT has more than EUR 62 billion in raised capital since inception, currently around EUR 41 billion in assets under management across 19 active funds within three business segments – Private Capital, Real Assets and Credit. EQT is a thought leader within the private markets industry with deep expertise in responsible and long-term ownership, corporate governance, operational excellence, digitalization and sustainability. EQT has offices in 15 countries across Europe, Asia Pacific and North America with more than 700 employees.

The EQT AB group comprises EQT AB (publ) and its direct and indirect subsidiaries, which includes general partners and fund managers of EQT funds as well as entities advising EQT funds.

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

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HLD Europe enters into exclusive negotiations with IK Investment Partners to acquire Exxelia

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HLD Europe has entered into exclusive negotiations with IK Investment Partners (“IK”), a leading Pan-European private equity firm to become the majority shareholder of Exxelia Group (“the Group”), the European leader in the manufacturing of high reliability passive components and electromechanical systems. Exxelia’s management will reinvest alongside HLD Europe.

The completion of the transaction is subject to the consultation of employee representative bodies and the approval of the competition authorities as well as the French and American administrations.

Exxelia develops and manufactures complex passive components and electromechanical solutions for niche industrial markets such as aeronautics, space, defence, medical and rail, where product reliability and performance are essential. The Group serves institutional clients, systems and equipment manufacturers. Exxelia offers a complete and custom product range (capacitors, inductors, resistors, filters, position sensors and rotary joints) embedded into a large number of programs including: the Airbus A350 and Boeing 787 Dreamliner, the Ariane 6 launcher, satellite constellations (such as Galileo and Oneweb), the Rafale and F-35, subway coaches and high-speed trains and medical equipment such as MRI machines and defibrillators.

With an expected proforma revenue of around €170 million for 2019 and around 2,000 employees, Exxelia is present today in more than 30 countries operating in Europe, the US, Morocco and Vietnam through production sites, design centres and networks of sales partners.

With the support of its new shareholder, Exxelia will be able to intensify its operational excellence and innovation efforts, pursue its international growth strategy through entering high-growth markets such as India or China, and accelerate its development in the US.

Paul Maisonnier, CEO of Exxelia:

“I am delighted to embark on a new stage of development with our new shareholders, with whom we share the same vision. Together, we aim to strengthen Exxelia’s unique “one-stop-shop” by offering high-reliability custom products combined with a strong capacity for innovation. We will pursue our continuous improvement approach and internationalisation strategy to make Exxelia a world leader in our niche markets. In that regard, HLD’s experience in international business development is invaluable to us. We thank IK Investment Partners for their support over the past five years which has enabled us to set up a solid platform capable of supporting our ambitions for global growth, which we are delighted to continue with HLD.”

Dan Soudry, Managing Partner at IK Investment Partners and advisor to the IK VII Fund:

“As shareholders of Exxelia since 2015, we are very pleased to have supported the various stages of transformation and growth of the Group, through a deep structuring phase led by the management team and an ambitious growth strategy. This has strengthened the Group’s presence in the US, in particular with the acquisition of Raf Tabtronics, Deyoung, and Micropen, and diversified its expertise on new product lines.”

Jean-Bernard Lafonta, Founding Partner of HLD Europe and Jean-Hubert Vial, Partner:

“HLD supports successful companies with no restrictions on duration. We believe this specificity was important in the choice of Exxelia’s new shareholder: it is essential to achieve the ambition of growth while considering the long-term nature of Exxelia clients’ programs. We are delighted to be associated with the group’s project, whose entrepreneurial culture echoes the entrepreneurial spirit that drives HLD. We are convinced that we can help Exxelia’s teams by giving them the means to meet their ambitions.”

Parties involved in the transaction

Buyside

HLD Europe: Jean-Bernard Lafonta, Jean-Hubert Vial, Salim Helou, Maxence Gailliot, Christophe Bernardini, Julie Le Goff

M&A advisor: DC Advisory (David Benin), Canaccord Genuity (Olivier Dardel, Denis Vidalinc)

Legal advisor: Bredin Prat (Olivier Assant, Clémence Fallet, Florence Haas)

Financial advisor: Deloitte (Cyril Stivala, Renaud Adam)

Tax advisor: Arsène Taxand (Denis Andrès, Yoann Chemama, Vincent Briand)

Strategic advisor: BCG (Benjamin Entraygues, Florian Kahn, Florent Berthod, Vincent Benoist)

Sellside

IK Investment Partners: Dan Soudry, Remi Buttiaux, Diki Korniloff, Thibaut Richard, Deborah Collignon, Mathieu Carton

M&A advisor: Rothschild (Laurent Baril, Nicolas Perianin), HSBC (Emilie Bauvillard), Lincoln (Guillaume Suizdak, Charles de Fels)

Legal advisor: Willkie Farr & Gallagher (Eduardo Fernandez, Cédric Hajage, Hugo Nocerino)

Financial advisor: 8Advisory (Justin Welstead, Mathieu Morisot)

Strategic advisor: Kearney (Jerome Souied, Nicholas Veg)

Management team advisors

Oloryn Partners (Eric Lesieur, Frédéric Jannin)

Hoche (Grine Lahreche, Audrey Szultz)

Jeausserand-Audouard (Tristan Audouard)

For further questions, please contact:

 

IK Investment Partners

France:

CTCom

Sibylle Descamps

+33 (0)6 82 097 007

sibylle.descamps@ct-com.com

 

International:

Maitland

James McFarlane

+44 (0) 207 379 5151

jmcfarlane@maitland.co.uk

 

About Exxelia

Exxelia was born from the merger of five long-established companies with complementary know-how (Eurofarad, Firadec, Sic Safco, Microspire et Astema) then joined by Temex, Dearborn, N’Ergy, Raf Tabtronics, DeYoung and Micropen. Exxelia is a manufacturer of complex passive components and innovative subsystems, designed to withstand severe environments. Exxelia’s products (capacitors, filters, slip rings, magnetic components and precision mechanical parts) are mainly used in power electronics, energy generation and storage, filtering and signal processing. Exxelia operates in advanced industrial markets such as defence, space, aviation, energy, transport, medical and telecommunications.

 

Exxelia is recognised for its ability to meet complex technical specifications and to design standard and custom products meeting the most demanding qualification procedures: MIL, QPL, etc.

Exxelia generated around €170 million in pro forma revenue in 2019 and employs around 2,000 employees in 13 sites in four countries (France, the US, Morocco and Vietnam).

 

About HLD Europe

Founded in 2019 by Jean-Philippe Hecketsweiler, Jean-Bernard Lafonta and Philippe Donnet, HLD has experienced remarkable growth in the private equity world. The investment holding company currently has 12 companies in France and in Europe (including Tessi, Kiloutou, Coyote, Santé Cie or Rafaut, etc.), representing a combined revenue of almost 2 billion euros and 17,000 employees. True to the will of its shareholders, that brings together many European entrepreneurs, including the Decaux and Dentressangle families as well as Claude Bébéar, HLD invests with no restrictions on duration. This particularity has enabled to create strong links with the managers of the companies in the portfolio, and to foster the development of companies over the long term, in Europe and internationally.

Today, the group is active in Luxembourg, Paris, Milan and Zurich.

 

About IK Investment Partners

IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €10 billion of capital and invested in over 130 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects.


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EQT and Temasek launch O2 Power, a renewable energy platform in India

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  • EQT Infrastructure and Temasek establish O2 Power, a renewable energy platform in India
  • O2 Power will be led by CEO Parag Sharma and have an experienced management team, possessing strong local knowledge and a proven track record of renewable projects in India

Singapore, 22 January 2020 – The EQT Infrastructure IV fund (“EQT” or “EQT Infrastructure”) and Temasek today announced the establishment of O2 Power (or “the Platform”), a renewable energy platform in India. O2 Power will target over four gigawatts of installed capacity across solar and wind and has received total commitments of USD 500 million in equity from EQT and Temasek to be deployed over the coming years.

Headquartered in Gurgaon in the Northern Indian state of Haryana, O2 Power will focus on developing utility scale renewable projects across solar, wind, and hybrid with good quality off-takers via both Greenfield project development and M&A.

The Platform will be led by Parag Sharma as CEO together with an experienced management team consisting of Peeyush Mohit as COO, Nimish Agrwal as Head, Solar and Rakesh Garg as Head, Wind, all with strong local knowledge and proven track records of executing renewable energy projects in India.

The investment in the Platform is in line with EQT’s thematic approach to invest in sustainable solutions, guided by the United Nations’ Sustainable Development Goals (SDGs). The Platform contributes to society by providing households with renewable energy hence addressing the SDG 7 – ensure access to affordable, reliable, sustainable and modern energy for all.

Fabian Gröne, Partner at EQT Partners and Investment Advisor to EQT Infrastructure, commented: “India presents significant investment opportunities being the second largest renewable energy market in the world and EQT is delighted about teaming up with Temasek and O2 Power. CEO Parag Sharma and his management team have a successful  track record and EQT looks forward to work together in creating a future-proofed renewable energy platform. This is not only EQT Infrastructure’s first investment in India, it is also well in line with our ambitions to contribute to a cleaner future.”

Nagi Hamiyeh, Joint Head, Investment Group at Temasek, added: “We seek opportunities to invest in solutions that contribute to a better and more sustainable world. The partnership with EQT to establish O2 Power is consistent with our focus on sustainable living, and in particular, the development of eco-conscious energy solutions.”

Parag Sharma, CEO of O2 Power, concluded: “We are excited about joining forces with EQT Infrastructure and Temasek. Besides capital from two of the most prominent investors in the world, we are looking forward to leverage their know-how and industry relationships to support the development of the O2 Power platform.”

With this transaction, EQT Infrastructure IV is expected to be 60-65 percent invested.

Contact
Fabian Gröne, Partner at EQT Partners and Investment Advisor to EQT Infrastructure, +65 6595 1831
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
Temasek Media Team, media@temasek.com.sg

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.

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

About Temasek
Temasek is an investment company with a net portfolio value of S$313 billion (US$231 billion) as at 31 March 2019. Temasek’s Charter roles as an investor, institution and steward, shape its investment stance, ethos and philosophy, to do well, do right and do good. Its investment philosophy is anchored around four key themes – Transforming Economies, Growing Middle Income Populations, Deepening Comparative Advantages, Emerging Champions.

Temasek actively seeks sustainable solutions to address present and future challenges, as it capture investment and other opportunities that help to bring about a better, smarter and more sustainable world.

Temasek has had an overall corporate credit ratings of Aaa/AAA by rating agencies Moody’s Investors Service and S&P Global Ratings respectively, since inaugural credit ratings in 2004.

Headquartered in Singapore, Temasek has 11 offices around the world: Beijing, Hanoi, Mumbai, Shanghai and Singapore in Asia; and London, New York, San Francisco, Washington D.C., Mexico City, and Sao Paulo outside Asia.

For more information on Temasek, please visit www.temasek.com.sg


This release was sent by Cision

https://news.cision.com/eqt/r/eqt-and-temasek-launch-o2-power–a-renewable-energy-platform-in-india,c3014442

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Partners Group to acquire European renewable energy developer VSB Group

Partners Group

Partners Group, the global private markets investment manager, has, on behalf of its clients, agreed to acquire an 80% equity stake in VSB Group (“VSB” or “the Company”), a leading European developer, owner and operator in the renewable energy sector. VSB’s founder will retain the remaining equity stake alongside Partners Group.

Founded in 1996, VSB operates throughout the renewable energy value chain, from the development of projects, to asset management and the technical and commercial management of operational sites, as well as having a broad offering in energy solutions. VSB has successfully developed and built over 1.1GW of onshore wind and solar PV generating assets to-date and manages over 1.4GW of wind assets. VSB has successfully expanded from its headquarters in Dresden, Germany, to become a European renewable platform active in eight countries with over 300 employees, 19 offices and ten service hubs. The transaction value includes a significant allocation to fund future growth, allowing for the option to retain ownership of assets and develop an Independent Power Producer.

Andreas Dorner, Founder and Managing Director, VSB Group, says: “VSB has enjoyed great success to-date as an independent, multinational company. However, given the vast opportunity for renewable energy, we wanted a like-minded partner to accelerate our next phase of growth. In Partners Group, we have found a global partner with significant operational resources and a wealth of international experience in hands-on renewable energy investment. We are looking forward to building on our shared values as we grow VSB together.”

David Daum, Member of Management, Private Infrastructure Europe, Partners Group, states: “We are very excited to partner with VSB to support its continued growth at a time when climate change sits high on political and social agendas. The Company’s proven development track record, strong and engaged management team, and sizable project pipeline make it an excellent fit for Partners Group’s platform expansion strategy. VSB is very well-positioned to capitalize on increased demand for environmentally-friendly sources of energy throughout Europe; we believe it has potential to become the preeminent European renewable energy platform. We will work closely with the management team to realize this ambition by leveraging our experience of institutionalizing businesses to accelerate the conversion and development of VSB’s renewable energy pipeline.”

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Latour completes acquisition of S+S Regeltechnik

Latour logo

On October 22nd 2019, Investment AB Latour, through its wholly-owned subsidiary Bemsiq AB, signed an agreement to acquire S+S Regeltechnik GmbH, a company based in Nürnberg in Northern Bavaria, Germany. All closing conditions have now been fulfilled and the transaction has been completed as of January 22nd, 2020.

Göteborg, January 22, 2020

INVESTMENT AB LATOUR (PUBL)
Johan Hjertonsson, CEO

For further information, please contact:
Johan Hjertonsson, President and CEO Investment AB Latour +46 702 29 77 93
Björn Lenander, CEO Latour Industries AB, +46 708 19 47 36
Mikael J Albrektsson, CEO Bemsiq AB, +46 733 23 36 06

Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listing holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of nine substantial holdings with a market value of about SEK 68 billion. The wholly-owned industrial operations has an annual turnover of SEK 13 billion.

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Ardian private debt holds final close on fourth generation platform

Ardian

The €3bn fourth generation platform is Ardian’s largest to date, closing significantly above its €2.5bn target

Paris, 22nd January 2020 – Ardian, a world leading private investment house, announces it has raised €3bn from investors for its fourth generation private debt platform to provide financing to mid-market companies across Europe. Established in 2005, the Ardian Private Debt team now has $7bn assets under management with over 120 deals completed since inception.

The latest platform, which closed above its €2.5bn target, builds on the success of Ardian’s third generation platform, which raised €2 billion in 2015, and will continue to provide flexible and tailor-made financing to companies across Europe. The platform’s offering has been broadened to include stretched senior debt to capture more of the buyout market and compete more effectively against bank lenders.

The platform attracted over 90 investors from 15 different countries, across Europe, Asia, and North America. Investors include major insurance companies, pension funds, banks, endowments, and foundations and government agencies. There was particular growth among Asian and North American investors, reflecting Ardian’s strong global reach and diversified client base.

Vincent Gombault, Member of the Executive Committee and Global Head of Fund of Funds and Private Debt, said: “With a strong 15-year track record in the market with four generations of funds, Ardian has firmly cemented its position as a leading debt financer to European mid-market companies. The successful fundraise is testament to our experienced investment advisory team, Ardian’s excellent asset management capabilities and strong global relationships. As a longstanding player in the private debt space, active through credit cycles, Ardian is well placed to take advantage of private debt’s increasingly important role in global finance.”

Mark Brenke, Head of Ardian Private Debt and Managing Director, added: “This fundraise demonstrates the momentum of Ardian Private Debt and the increasing attraction of the asset class as demand for financing from dynamic, middle-market European companies grows. Building on Ardian’s strong track record, the platform’s expanded offering provides greater opportunities to venture more and more into territory that used to belong exclusively to the banks.”

Ardian Private Debt has deployed more than €1bn each year during the past couple of years, benefiting from a growing team and diversified geographical deal flow. The number of opportunities sourced and reviewed in depth per year has increased significantly over the past years, whilst the team has become even more selective in order to focus solely on the highest quality opportunities.

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$96bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.

Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 640 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 1,000 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

PRESS CONTACTS

 HEADLAND
TOM JAMES
tjames@headlandconsultancy.com
Tel: +44 (0)20 3725 7508

Categories: News

Cinven announces Partner promotion for Head of Milan

Cinven

International private equity firm Cinven, today announces that it has promoted Eugenio Preve to Partner with effect from 1 January 2020.

Eugenio is Head of the Milan office, a member of the Industrials sector team and leads the regional team for Italy. He has worked on a number of investments, including Amadeus, Avio, Eurovita and Medpace. He joined Cinven in 2009.

Cinven has significant experience in the Italian market both investing in Italian-headquartered businesses and on behalf of other portfolio companies that have operations in Italy.  For example, Avio, the leading aerospace business, was a successful investment for Cinven having sold its two divisions to both GE and Leonardo-Finmeccanica ahead of listing on the Milan Stock Exchange, respectively.

Cinven is currently invested in Italian-headquartered Eurovita, the independent Italian life insurer that has completed a number of acquisitions in Italy.  Other Cinven investments with considerable operations in Italy include Stada, the European manufacturer of prescription generics and over the counter products, and Synlab, a European market leader for laboratory diagnostics.

Commenting on this promotion, Stuart McAlpine, Managing Partner of Cinven Partners LLP, said:

“2019 was a busy year for Cinven, with the closing of our latest fund, the Seventh Cinven Fund at €10 billion. As we look forward to 2020 and the opportunities it presents, I am delighted to announce the promotion of Eugenio to Partner.

“Eugenio leads our Italian regional team and is a key member of our Industrials sector team. His promotion reflects his considerable hard work and commitment to both existing portfolio performance and deal origination.”

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