AgTech leader Kind Technologies attracts growth capital from Avedon to further develop its innovative offering. Avedon additionally acquires Gimv’s majority stake in the group.

GIMV

Topic: Divestment

Kind Technologies, a specialist in horticulture automation, makes an important step in its further development and welcomes Avedon Capital Partners as new investor providing further growth capital while also acquiring Gimv’s stake. The founders continue in their current roles and reinvest in the new structure that will enable the group to continue its organic growth journey complemented with further buy-and-build initiatives in horticulture automation.

In 2018, Gimv invested via its Smart Industries platform in Kind Technologies alongside the founders Alex Kind and Richard Vialle who previously acquired two machine vision companies. At the time the company was catering for a broad a range of customers and applications. Accompanied by Gimv, strategic choices combined with focused acquisitions led to a further positioning of Kind Technologies as automation expert in the AgTech domain.

In 2021, Kind Technologies completed this process by selling its activities in pharmaceutical glass inspection systems. From that moment on, Kind Technologies was able to fully focus on innovative automation within the greenhouse horticulture, an area with strong growth drivers centered around a safer and sustainable food supply chain.

Kind Technologies is leveraging its knowhow in robotics, computer vision, data and AI to scale-up its SortiPack® product family. The SortiPack® is developed in Eindhoven under the Crux Agribotics umbrella. Through Westland-based Martin Stolze, the Group offers a complete portfolio for internal logistics solutions. Kind Technologies really is where Brainport meets Greenport.

Avedon will supply Kind Technologies with growth capital to follow through with the ambition to automate the complete process from crop harvest to packed product. The group will also continue to further strengthen its position through buy-and-build.

Nick Medaer, Partner within the Gimv Smart industries team says “We proudly look back at the journey together with Alex and Richard repositioning and building Kind Technologies to where it stands today, a leading innovator in the horticulture market. Alex and Richard have demonstrated that they are true entrepreneurs, believing in their dreams and going more than the extra mile to achieve them. We wish them and Avedon a fruitful partnership.

Alex Kind and Richard Vialle, the Founders add “We are grateful for the support and trust gained from Gimv during the past five years and the pivot and progress we have made jointly. Kind Technologies is now well positioned to address the increasing demand for automation within the greenhouse horticulture market. We look forward to addressing this momentum together with Avedon in the next phase of growth and to contribute to a more safe and efficient process for growing plants, fruits and vegetables, with our cutting edge technology.”

Emily Jeffries, Partner at Avedon shares: “We are honored and excited to support Alex, Richard and the strong teams at Crux and Martin Stolze on the promising growth journey ahead. Kind Technologies’ engineering talent, innovative culture and unmatched product and service portfolio give Kind a great position to accelerate their meaningful impact for growers worldwide.”

The transaction has no significant impact on the Net Asset Value of Gimv as of 30 September 2022. Over the entire holding period Gimv realizes a return in excess of the long-term portfolio return target. No further financial details will be disclosed.

 

Read the full document

 

Gimv

Karel Oomsstraat 37, 2018 Antwerpen, Belgium

www.gimv.com

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Ratos company Vestia signs contract for approximately SEK 700m with City of Mölndal to build new school

Ratos

Vestia Construction Group (Vestia) has signed a contract with the City of Mölndal for the new construction of Västerberg School and Bifrost Preschool in Mölndal. Västerberg School will accommodate 570 pupils from the age of six to 12 (Year F–6) in 9,500-square-metre premises including a full-size sports hall and is scheduled to be completed in March 2025. Bifrost Preschool will be the largest preschool in northern Europe with 14 classes housed in 4,200 square metres. Two classes will be specifically tailored for children with functional diversity and two will be open preschool classes offering activities for children who are not yet enrolled in preschool. The preschool will be completed in December 2024.

Västerberg School and Bifrost Preschool are part of the Lyftet programme, a strategic partnership between the City of Mölndal as the developer and Vestia as the general contractor. The programme includes eight projects: preschools, schools, and education centres. The ground was broken in December 2022 for the extensive refurbishment and extension of Building C at Almås School in Lindome, which is also part of the programme.

 

“Ratos’s construction companies are building a sustainable society by constructing sustainable commercial real estate and providing the state and municipalities with buildings that are important for society. We are very proud that we have been entrusted to build these schools in Mölndal. It is important to help provide a good environment for children and young people,” says Christian Johansson Gebauer, Chairman of the board of SSEA Group, which includes Vestia, and President, Business Area Construction & Services, Ratos.

 

In total, Västerberg School, Bifrost Preschool and Almås Building C entail a contract cost/order intake of SEK 669m for Vestia.

“The strategic partnership between the City of Mölndal and Vestia means that we are now initiating three additional school projects. It is incredibly gratifying to see how our strong partnership in 2022 has now resulted in the start of production for future school premises in the municipality,” says Christian Wieland, CEO of SSEA Group, which includes Vestia.

 

As part of the Lyftet programme, the refurbishment of Building H and Building L at Fässberg School has been completed, and at Stretered School one building is being refurbished and planning of another is in progress. Future projects will be carried out at Hålsten Preschool, Östergård School and Rävekärr School.

 

About the school projects

–          Developer: City of Mölndal

–          General contractor: Vestia Construction Group

–          Architect: Liljewall

–          Size: Västerberg School, gross area 9,500 square metres; Bifrost Preschool, gross area 4,200 square metres; Almås Building C, gross area 4,100 square metres

–          Contract cost: SEK 669m

 

About SSEA Group

SSEA Group is a Swedish construction group with operations throughout the country. The Group contributes to building sustainable communities. The focus for the operations is projects with implementation in collaboration/partnering where the customer’s most important priorities are high on the agenda. The group has the two subsidiaries: Vestia and SSEA AB.

För mer information, vänligen kontakta:
Josefine Uppling, VP, Communication, Ratos, +46 76 114 54 21, josefine.uppling@ratos.com
 

About Ratos

Ratos is a business group consisting of 16 companies divided into three business areas: Construction & Services, Consumer and Industry. The companies have approximately SEK 30 billion in net sales (LTM). Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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Sustainable soap brand Seepje receives capital injection from ABN AMRO Sustainable Impact Fund and Fair Capital Impact Fund

Abn Amro Ventures

Seepje Handzeep met navulling 840x472

Sustainable detergent and soap brand Seepje from the Netherlands has raised 4.2 million euros from the ABN AMRO Sustainable Impact Fund (ABN AMRO SIF) and Fair Capital Impact Fund. The rapidly growing company, based in The Hague, will use this capital to strengthen its position in the Netherlands and Belgium by expanding its range of sustainable soap products. Seepje also has plans to continue its international expansion and increase its social impact by marketing more innovative and truly sustainable products.

Over the past five years, Seepje has grown by a staggering factor of ten. This latest investment is aimed at recording a sustained annual growth of fifty percent or better. The company hopes that its mission of sustainability will be the deciding factor. “A clean future: that’s what we want, but it will be impossible unless we all work together now to become more sustainable. We want to get rid of pollution from housekeeping and personal care products, which are crammed full of unnecessary fossil ingredients. This capital injection will help us to become the world’s most impactful soap brand,” explains Seepje co-founder Jasper Gabriëlse. “Besides money, our investors will also provide input to make our supply chain more transparent, by increasing the professionalism of our impact measurements and reports, which will help us to make an even greater impact. We want to have a positive impact on everyone involved, for example by paying fair prices at the start of the supply chain. We’re challenging other operators to follow our example.”

Sustainable investments

Seepje’s track record shows how capable the company is of attracting leading impact investors, such as social investment company DOEN Participaties (founded by the Dutch National Postcode Lottery) and Muiden-based Fair Capital Impact Fund. The ABN AMRO Sustainable Impact Fund is the latest to follow, at the same time as a new investment by Fair Capital Impact Fund. “For almost a decade now, Seepje’s founders, with their detergents and cleaning products, have been making a positive difference in the struggle to stop the planet’s natural resources from being exhausted,” comments Michelle de Rijk on behalf of Fair Capital Impact Fund. “We’re proud to help further boost the organisation and make a vital contribution to the company’s mission.”

Investment Director Erick Buckens of ABN AMRO Sustainable Impact Fund adds, “Seepje is a real gamechanger, capable of substantially influencing the sustainability transition in the housekeeping and personal care market. The radical shift towards adopting natural ingredients and fair pay in the supply chain not only benefits the planet, it also fills the surging demand from increasing numbers of conscious and sustainability-minded buyers. This slots in perfectly with ABN AMRO SIF’s vision, which is to accelerate the transition towards a sustainable and inclusive society. Our goal is to achieve both sustainable impact and financial returns.”

Consolidation and growth

Already Social Enterprise of the Year in the Netherlands, Seepje will now use this capital injection from leading impact investors to expand its position in its existing markets in the Netherlands and Belgium, and to further explore new markets. Following the company’s successful launch in Switzerland, for example, Gabriëlse foresees rapid growth there. “Our impactful innovations, such as the recent introduction of hand soap refills, will help reduce carbon emissions along the entire supply chain, for example, as well as reducing the volume of plastic waste. Coupled with the fact that 99.8% of the ingredients that we use are organic, this makes us the most sustainable product in the market. We’re going to make sure that even more people start moving towards a clean future with Seepje, in the Netherlands and beyond!”

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DIF Capital Partners invests in Canadian fiber platform RFNOW

DIF

 

DIF Capital Partners is pleased to announce that it has closed an investment in Canadian internet service provider RFNOW Inc. to fund the further growth of its telecommunications network. RFNOW currently provides enterprise fiber, residential fiber, fixed wireless internet and phone services over its 1,500 km fiber optic network and tower portfolio in Manitoba and Saskatchewan, Canada. DIF made the investment through its CIF III fund.

The company will enhance telecommunications services for residents, businesses, and public services. RFNOW’s high-speed fiber network will increase economic and societal opportunities to local communities in historically underserved areas.

This investment follows prior successfully developed fiber investments by DIF Capital Partners in rural Canada.

“This investment will provide immediate and long-term benefits to RFNOW customers and employees,” said Chris Kennedy, CEO of RFNOW. “We are extremely proud of what our team has accomplished to get us here. Now, with this new partnership, we are well-positioned to enhance our existing operations and accelerate investment in new communities and regions.”

Willem Jansonius, partner and Head of CIF at DIF Capital Partners commented: “RFNOW is offering a tremendously important internet service connecting relatively remote areas with its state-of-the-art fiber technology. The management has done a great job in bringing the company to where it is now and we are very much looking forward to growing it further together. The addition to our existing investments offers a gateway to unlock even bigger parts of Canada.”

DIF was advised by Agentis Capital, Davies Ward Phillips & Vineberg LLP, and KPMG in connection with this transaction.

About RFNOW Inc.

Founded in 2000, RFNOW Inc. is an independent internet service provider serving communities across Manitoba and Southeastern Saskatchewan. RFNOW specializes in the development, construction, and operation of fiber and wireless infrastructure. Based in Virden, Manitoba, RFNOW provides internet services to residential and commercial customers in more than 170 communities within 72 municipalities. The company provides high-speed internet and voice services to thousands of residential and business clients over a 1,500 kilometer network of owned fiber and tower portfolio. Today, RFNOW employs over 120 staff members and continues to grow and service more areas in Manitoba and Saskatchewan.

For more information, please visit www.rfnow.com.

About DIF Capital Partners

DIF Capital Partners is an independent infrastructure fund manager, with more than EUR 15 billion of AUM. DIF was founded in 2005 and has built a leading position in managing mid-market investments, primarily in Europe, North America and Australia.

DIF follows two strategies: its traditional DIF funds, of which DIF VII is the latest fund in the series, invest in lower risk mid-sized infrastructure projects and companies in the energy transition (incl. renewables) and utilities sector, as well as PPPs and concessions. The firm’s CIF funds invest in small to mid-sized companies that will thrive in the new economy. These companies are typically active in the digital, energy transition and sustainable transportation sector.

With a team of over 200 professionals in 11 offices, DIF Capital Partners offers a unique market approach combining global presence with the benefits of strong local networks and investment capabilities. DIF is located in Amsterdam (Schiphol), Frankfurt, Helsinki, London, Luxembourg, Madrid, New York, Paris, Santiago, Sydney and Toronto.

For more information please visit www.dif.eu.

 

Contact DIF: Diederik Heinink, d.heinink@dif.eu

 

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Increasing demand for innovative whistleblowing solution as European Whistleblowing Directive comes into effect

Fortino Capital
  • In December 2019 the European Union adopted a far-reaching Directive on the protection of whistleblowing ( “EU Whistleblowing Directive”)
  • Launched more than 3 years ago, the EU Directive is a far-reaching piece of legislation providing a voice and protecting the rights of millions of workers across Europe.
  • Scandals such as Wirecard, The Voice, Qatargate and Royal Mail prove the necessity of having a next-generation whistleblowing mechanism, which is what People Intouch is providing.
  • Currently 500 mid-sized and large organisations are using innovative platform, reaching millions of employees worldwide, resulting in 50,000 reports in 2022.

Amsterdam, 24 January 2023 – All companies operating in the European Union are to comply with the EU Whistleblowing Directive by the end of this year (in Belgium on February 15th). The Directive is aimed at providing a minimum standard of protection across the European Union to employees who report breaches of European law, such as fraud, misconduct or harassment with their employer. In the run-up to compliance, leading ethics & compliance software provider People Intouch has seen a rapid increase in the adoption of their whistleblowing platform SpeakUp across 60 countries. The acquisition of a majority stake in the company by B2B software investor Fortino Capital proves the market’s confidence in its mission and solution.

 

Leveraging technology & knowledge for easy compliance

Founded in 2004, People Intouch is a leading ethics & compliance software provider focused on providing whistleblowing solutions under the SpeakUp brand. Around 500 mid-sized and large organisations in over 60 countries rely on the innovative SpeakUp platform every day. This enables them to connect with and protect their employees, suppliers and the communities they operate in, by providing them with a user-friendly, secure and efficient way to report and correct irregularities and unethical behaviour. The SpeakUp platform is operational in almost every country in the world and allows employees to speak up in their native language 24/7/365 days per year via mobile app, web or telephone.

 

Adoption fuelled by the Directive

Fuelled by upcoming regulation and an overall desire for more transparency, the company is seeing the volume of reports consistently increase by high double-digit figures in recent years.  More than 50,000 reports were submitted in 2022. To meet this growth, the company decided to invest significantly in its next generation SpeakUp platform and SpeakUp Success Model. The SpeakUp platform combines anonymous communication, advanced case management and analytics functionalities. The SpeakUp Success Model ensures strong embedding in the organisation. The company’s unique approach is valued by many leading European multinationals such as Nestlé, Randstad, KLM, Skanska, Polestar, Sweco and HILTI. Fortino Capital recognised the value of the platform, the team’s deep domain knowledge and customer proximity, resulting in a majority investment and partnership with the company to help fuel its further growth.

 

Maurice Canisius, CEO of People Intouch: “Whistleblowing is a priority in many boardrooms today, and rightly so, because we all know speaking up is hard. Our mission is to help organisations combat misconduct. The way we do that is by making it easier for people to speak up. In the last few years, we managed to combine our unique expertise and knowledge into our next generation SpeakUp platform. We help our customers to more easily address the whistleblowing dilemma and navigate the journey towards organisational transparency while also making them regulatory compliant. Our entire team is looking forward to partner up with an experienced investor like Fortino. With them on board, we will be able to deliver more knowledge, keep innovating our product and make an even bigger impact with our customers and their employees.”

Ida Kuijken, Partner with Fortino Capital: “The Whistleblowing market is expected to expand tremendously, driven by societal shift towards increased transparency as well as regulatory initiatives such as the European Whistleblowing Directive. Maurice & Raymond have laid a solid foundation for the future and we are impressed with what they have managed to achieve to date. We are convinced that with a powerful, secure and user-friendly product in combination with a strong team, People Intouch is optimally positioned to capitalise on these trends. Our investment and operating teams look forward to partnering up and accelerating the business strategically and geographically”.

Ida Kuijken, Fortino Capital

Flavio de Souza, Chief Compliance Officer of Nestlé Group: “People Intouch’s team is passionate and willing to efficiently understand our needs and developments. Their unique SpeakUp technology and how they approach us have been essential for the continuity and development of our global compliance program. We are looking forward to seeing what is next.”

 

 

About People Intouch

Founded in 2004 and headquartered in Amsterdam, People Intouch is one of pioneers in the field of whistleblowing software.  We do not believe in the traditional approach to whistleblowing and aspire to help our customers move beyond paper compliance. When employees feel safe enough to speak up, no one needs to blow the whistle. Our cloud-based software solution SpeakUp® allows people to report from anywhere in the world, in any language and in full anonymity. By focusing on the dialogue, we help organisations talk to their employees and create safer work environments. Our unique approach to whistleblowing is valued by many leading European multinationals, such as Nestlé, Randstad, KLM, Skanska, Polestar, Sweco and HILTI. For more information: peopleintouch.com

About Fortino Capital

Fortino Capital is a European investment company with a focus on high-growth B2B software solutions managing two private equity funds and two venture capital funds. With offices in Belgium, the Netherlands and Germany, Fortino backs exceptional and ambitious entrepreneurs in North-Western Europe. Fortino Capital’s private equity portfolio includes Symbio (DE), VanRoey (BE), BizzMine (BE) Mobilexpense (BE), Efficy CRM (BE), Tenzinger (NL), Maxxton (NL), Bonitasoft (FR) among others. Fortino’s Venture Capital portfolio includes Vertuoza (BE), TechWolf (BE), Timeseer.ai (BE), Zaion (FR), Salonkee (LUX), Sides (DE), D2X (NL), Peers (DE), Reveall (NL) and Kosli (NO) among others.

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Ratos Company TFS HealthScience acquires Appletree CI Group

Ratos

TFS HealthScience (TFS), a global contract research organization (CRO), acquires Appletree CI Group (Appletree) to enhance the company’s existing expertise in the complex fields of ophthalmology, medical devices, and pediatric studies, simultaneously expanding geographic reach for clients.

Appletree CI Group was founded in 2013. The company is focused on five primary business areas; in addition to ophthalmology and medical devices, they have expertise in the fields of dermatology, pediatric trials, and regulatory affairs.

 

Ophthalmology is a rapidly growing field of medicine, with novel innovations and cutting-edge treatments for sight-threatening diseases.

“The acquisition is fully in line with Ratos strategy, where add-on acquisitions as part of growing existing companies in the group are an important part. We are proud of the successful development of TFS and look forward to a new year where TFS will play an important role in our increased commitment to professional services”, says Anders Slettengren, Chairman of the board of TFS and Executive Vice President, Ratos.

 

The strategic acquisition of Appletree will complement TFS HealthScience’s mission to be a market leader in ophthalmology research. The two companies will now offer complimentary and expanded service offerings to clients, including a specialized therapeutic focus in ophthalmology, significantly expanding the company’s global footprint.

 

“We are proud to partner with Appletree as we continue to provide our clients with in-depth, comprehensive knowledge and therapeutic expertise, particularly in the field of ophthalmology,” said CEO of TFS HealthScience, Bassem Saleh. “This acquisition is a clear indicator of the growth and success of TFS. The partnership with Appletree will have a measurable impact on better treatments for patients and company growth, establishing a new presence in Switzerland and additional presence in Poland, Belgium, Hungary, and the U.K.”

 

About TFS HealthScience

TFS HealthScience is a global Contract Research Organization (CRO) that supports biotechnology and pharmaceutical companies throughout their entire clinical development journey. In partnership with customers, they build solution-driven teams working for a healthier future. Bringing together nearly 800 professionals, TFS delivers tailored clinical research services in more than 40 countries.

 

About Appletree CI Group

Appletree CI Group is an expert niche CRO and global regulatory affairs service provider with track records in ophthalmology and medical device investigations. They are present in 11 European countries and have over 30 permanent staff. By having an in-depth understanding of local cultures and customs, as well as experience with national regulations they are able to facilitate your clinical development and regulatory projects.

For more information, please contact
Josefine Uppling, VP, Communication, Ratos, +46 76 114 54 21, josefine.uppling@ratos.com

About Ratos
Ratos is a business group consisting of 16 companies divided into three business areas: Construction & Services, Consumer and Industry. The companies have approximately SEK 30 billion in net sales (LTM). Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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Waterland announces closing of two new funds with €4.0 billion in capital raised in four months

Waterland

Waterland Private Equity Investments (“Waterland”) is pleased to announce the closing of its ninth institutional flagship fund, Waterland Private Equity Fund IX (“WPEF IX”) at € 3.5 billion, alongside Waterland Partnership Fund I (“WPF I”) at € 500 million. The funds closed at their respective hard caps four months after initial launch.

The fundraise attracted commitments from world-class institutional investors globally. The investor base for both funds is well diversified by geography, consisting of investors across Europe, North America, the Middle East and Asia Pacific. By investor type it consists of asset managers, public and private pension funds, insurance companies, sovereign wealth funds, endowments, foundations and family offices, amongst others.

Both funds were oversubscribed with demand significantly exceeding the fundraising targets. This is attributable to continued strong support from existing investors combined with significant interest from new investors.

WPEF IX expects to make investments in medium-sized companies in fragmented growth markets in Europe to finance organic and acquisitive growth. This is a continuation of the successful buy-and-build investment strategy applied to the firm’s prior funds over the last two decades. WPF I is a natural extension of the Waterland platform. WPF I expects to make minority investments in a very select number of Waterland portfolio companies when these are exited.

“The fundraisings for WPEF IX and WPF I have been a great success in a challenging fundraising market. It is a significant achievement for us to have closed both funds in just four months. We remain thankful for the strong support of our existing and new investors and their confidence in our team and strategy. We look forward to making investments with both funds and continue to see many attractive opportunities in our target region despite the volatile macro environment.” said Frank Vlayen, Group Managing Partner.

“We are grateful and humbled by this strong vote of confidence by our investors. We are looking forward to partnering closely with ambitious management teams across Europe to jointly execute buy-and-build programs. We will also continue to invest in our own firm to further strengthen our position as a leading local buy-and-build investor in Europe across our integrated network of 13 European offices.” said Cedric Van Cauwenberghe, incoming Group Managing Partner. As previously announced, Cedric Van Cauwenberghe will succeed Frank Vlayen as new Group Managing Partner of the firm later this year.

Marc Lutgen, Head of Investor Relations, said: “We are grateful for the strong support from existing and new LPs for this dual fundraise, despite the challenges faced by many investors in the past year. We look forward to a fruitful partnership as we strive to continue to deliver exceptional returns for our investors.”

Evercore Private Funds Group acted as the global strategic fundraising adviser for Waterland. Kirkland & Ellis International LLP acted as the global legal, tax and regulatory counsel. De Brauw Blackstone Westbroek N.V. acted as Dutch legal and regulatory counsel. Matheson LLP acted as Irish legal, tax and regulatory counsel.

About Waterland
Waterland is an independent European private equity investment group that supports entrepreneurs in realizing their growth ambitions. Waterland currently manages over € 14 billion of investor commitments and has made over 950 acquisitions, including over 150 platform investments and over 800 add-ons. Since its founding in 1999, Waterland has grown to more than 170 professionals operating across 13 offices in 11 countries. Waterland is a licensed Alternative Investment Fund Manager only offering interests to professional investors and is under the supervision of the Dutch Financial Services Authority (AFM).

For further information please contact:
Marc Lutgen, Head of Investor Relations, Waterland, lutgen@waterland.nu

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Waterland Private Equity’s UK team invests in marketing agency network Markettiers4DC

Waterland

Waterland Private Equity (“Waterland”) today announced its majority investment in Markettiers4DC (“M4DC”), a London-headquartered network of tech-enabled, data-driven, broadcast activated, strategic communications agencies. Financial details have not been disclosed.

Founded by CEO Howard Kosky in 1994, M4DC works with large national and international corporations including Rolls-Royce, Linkedin and Unilever. Today, the business employs a team of 150 people in the UK and UAE, providing services across its three key pillars of strategic communications: data and insight, broadcast and virtual / hybrid events.

M4DC aims to become a global leader in evidence-driven communications. This partnership with Waterland will support M4DC’s vision by accelerating investment in services that deliver meaningful and measurable impact to its clients, and by helping retain and attract the best people in the industry. M4DC also has international growth ambitions, predominantly focussing on entry to the North American market.

M4DC operates in the global communications market worth £69bn, growing at 7-10% per annum. This is driven by an increasingly complex and fragmented media landscape, but also growing demand from clients for more data-led communications strategies to deliver improved effectiveness. Through M4DC’s market-leading services and reputation for flawless operational delivery, the business has enjoyed 30% year-on-year revenue growth over the recent period.

With Waterland’s support, the business aims to expand internationally through an active buy and build programme. Waterland has deep experience in the marketing and communications industries from its recent and current partnerships in Dept, Intracto, Sideshow Group and Farner Consulting. Over the investment period, M4DC’s buy and build strategy is focussed on acquiring complementary communications businesses, helping the group build expertise, new capabilities and geographical coverage. Follow-on funding is available to the business to support these plans.

Howard Kosky, Founder and CEO, will continue to lead the business supported by M4DC’s leadership team of Peter Mitchell (Group MD), Nicky Marks (MD, Censuswide and Opinion Matters) and Scott Jackson (MD, Through The I).

Howard Kosky, CEO of M4DC, said: “In Waterland, we have found an experienced and supportive partner to help us achieve our growth ambitions. We see strong potential to expand our business internationally, particularly in the US, and Waterland’s experience as a specialist buy and build investor will help deliver our acquisition strategy, finding the right businesses to partner with and integrate into the growing M4DC network.”

Ryan Hallworth, Associate Principal at Waterland Private Equity, said: “M4DC has all the hallmarks of an exciting Waterland investment. Successful for nearly thirty years with a history of growth and innovation and a global client base, the business is well placed to expand both in the UK and internationally. The Company operates in a highly fragmented market offering compelling opportunities for value-adding acquisitions in both the UK and North America. We very much look forward to working alongside Howard and the team as they embark on the next stage of their growth journey.”

European private equity investment group Waterland opened its first UK office in the North West in early 2017, and expanded its presence with a London office in June 2021.
Over the last six years, Waterland UK has made seven platform investments and 38 bolt-on acquisitions, with a market-led origination strategy focusing on partnering with entrepreneurs and family businesses operating in fragmented markets.

Waterland was advised by Pinsent Masons (Legal), PwC (Tax), 8Advisory (FDD), Luminii Consulting (CDD), Rowan Group (MDD) and Clearwater (Debt Advisory). Debt was provided by Thincats. Waterland team: Ryan Hallworth, Robin Elley, Anton Holm.

M4DC was advised by PCB Partners (M&A) and Mayer Brown (Legal).

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Ratos company Semcon signs new framework agreement with GKN Aerospace Sweden AB in Trollhättan

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Ratos

Semcon has entered a new framework agreement with GKN Aerospace. The agreement is for services spanning Semcon’s entire offering, such as design, simulation and calculations, software development, and aftermarket solutions.

The aviation and aerospace industries are facing huge challenges, not least in terms of sustainability. With many years of experience and deep specialist knowledge, GKN Aerospace manufactures components for these industries, including launch rockets and the majority of the world’s aircraft engines. This is a field that is constantly under development.

“We are proud of the trust to support GKN Aerospace on their continued journey. Together, we look forward to developing tomorrow’s technology that will really make a difference,” says Markus Granlund, CEO at Semcon.

Semcon has a broad offering with expertise in many of GKN Aerospace’s business areas – everything from calculation, simulation and production methodology to digital information solutions for service and maintenance.

“It is gratifying that Semcon’s competence and experience from a wide range of industries benefit the aviation and aerospace industry. I am convinced that the collaboration will strengthen both Semcon and GKN Aerospace. The development of new technology is crucial in the transition towards to a more sustainable society,” says Anders Slettengren, Chairman of the Board at Semcon and Executive Vice President, Ratos.

The framework agreement runs indefinitely from December 2022 and includes services in both of Semcon’s business areas: Engineering & Digital Services and Product Information.

For more information, please contact
Josefine Uppling, VP Communication, Ratos
+46 76 114 54 21, josefine.uppling@ratos.com

Per Nilsson, Corporate Communication and Marketing Director, Semcon
+ 46 73 973 72 00, per.nilsson@semcon.com

About Ratos
Ratos is a business group consisting of 16 companies divided into three business areas: Construction & Services, Consumer and Industry. The companies have approximately SEK 30 billion in net sales (LTM). Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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Interalu attracts growth capital from Waterland to accelerate its international expansion as a market leader in sustainable climate ceilings.

Waterland

Interalu, based in Wilrijk (Antwerp), has over the past 50 years gained a leading position in the market for climate ceilings for non-residential buildings. Climate ceilings control the indoor climate with the highest level of comfort by means of heating and cooling radiation. Interalu is a frontrunner within the industry in terms of technology, sustainability and circularity.
Under the leadership of the Schrauwen family, the group has become the market leader in Belgium and Interalu has created compelling momentum in France, Luxembourg and the Netherlands.

With an ambition to accelerate growth and expand internationally, Interalu has engaged Waterland to support the next phase of growth. The execution of their joint growth plans will build on Interalu’s existing unique value proposition, in which the trust relationship with customers as well as innovation and sustainability are central.

Anthony Schrauwen (CEO): “With Waterland we have found a very complementary and experienced partner who can help our family business to realize the next step. Together with the entire Interalu team, I am very much looking forward to working with Waterland and supporting existing and future customers across Europe in meeting their sustainability targets.”

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