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Arcus IT Group and Infradax join forces

Egeria

ZWOLLE, 1 February 2023 – IT service provider Arcus IT Group, which runs eight sites up and down the Netherlands, is adding Infradax to the group. “The takeover of Infradax sees Arcus IT double in size and acts to create a company that ranks among the top ICT service providers in the Netherlands. Infradax is bringing a number of interesting activities, services and market segments to the table and increasing our nationwide coverage with new locations. Infradax’ seasoned and spirited management team is also investing in the group in its own name. We consider them to be a major asset which, along with our investor Egeria, will help us to deliver on our growth ambitions in going forward”, comments Arcus IT Group CEO Rob Verbeek.

Solid market position 
Like Arcus IT, Infradax is a nationwide IT service provider that assists organisations with continuity, productivity and innovation through IT resources. Alongside Datacenter & Cloud, Modern Workstations and IT Security, Infradax specialises in circular IT services. Infradax mainly operates in the (health) care and business markets. In addition, Infradax Overheid focuses on municipalities and local authorities with specialist service delivery in the areas of application management and data management. As a result of a series of takeovers, in recent years Infradax has grown to become an organisation that is home to around 175 staff and five sites. In joining forces, we are moving to the next level with 425 enthusiastic staff members and 13 sites across the Netherlands.

The parties have submitted the proposed transaction to the Netherlands Authority for Consumers and Markets (ACM) and both works councils.

Nationwide IT service provider with regional presence
Infradax CEO Tjeerd van ‘t Veld: “We have grown quite a bit in recent years, not just in size but also in terms of our know-how and portfolio, in part courtesy of a number of takeovers. This next step will enable us to jointly work towards accomplishing our ambition to become the best nationwide IT service provider with a regional presence. In this sense, our visions are highly complementary. There is a degree of overlap in terms of services and client segments, but there is also a strong element of broadening our scope of operations, which will allow us to serve our clients even better than before. We are looking forward to implementing the next forward steps in developing our organisation in tandem with Arcus IT.”

The current year will be used to jointly lend concrete shape to our plans and to launch our working relationship in every respect. “Needless to say we are keen to give our clients the full benefit of our combined portfolio. However, in light of our size and the importance of continuity of service delivery to our clients, we do not want to act with undue haste”, explains Rob Verbeek.

Arcus IT Group
Arcus IT is a leading player on the Dutch market with well over three thousand clients in several focus sectors, including accountancy, healthcare, culture and SMEs. Arcus IT delivers a wide portfolio of products and services, including online work stations, Microsoft 365, IT security, AFAS implementation partner, VoIP phone services, Dynamics 365 and online back-up solutions. In order to efficiently serve its clients, Arcus IT Group has a proprietary Cloud platform and uses public Cloud services such as Microsoft Azure.

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FSN Capital VI acquires a majority stake in ilionx

Egeria

AMSTERDAM, 1 February 2023 – Egeria and FSN Capital VI (“FSN”) have completed the sale of ilionx, a leading IT-Services provider of business critical services to healthcare institutions, (semi) governmental organizations and commercial companies with over 500 employees.

Egeria’s investment in ilionx underscores Egeria’s focus on entrepreneurial team-ups with strong founders and ability to simultaneously execute on a high growth business case (i.e. buy and build) while transforming the organization and eliminating founder dependency.

Together with the founders and management, Egeria invested in ilionx in June 2017 to create a national IT services player with a broad service portfolio through an active buy-and-build strategy. In April 2018, ilionx doubled in size and created national coverage with the acquisition of IT service provider QNH. In 2019, ilionx strengthened its vertical focus with the acquisition of ICTZ, a healthcare specialist. In 2021-2022, ilionx announced five more acquisitions aimed at specific competences, incl. Rubix (integration), Le Blanc (architecture), Redbook (Salesforce), You-Get (hyperautomation) and Trivento (Java). During our investment period, revenue grew from €55 million to more than €200 million, a new management team took over the leadership role from the founders and the acquisitions were integrated into a strengthened, scalable organization.

About ilionx
ilionx is a B2B IT service provider that offers digital strategy, cloud-oriented application development, data & AI solutions, hyperautomation services and managed services. Headquartered in Utrecht, ilionx has national coverage with over 1,200 employees across thirteen locations in the Netherlands. ilionx was founded in 2002 and has over time demonstrated a strong ability to grow with its customers and become a trusted, long-term technology-independent IT-services provider.

About Egeria
Established in 1997, Egeria is an independent Dutch investment company focused on mid-sized companies in the Netherlands and DACH region. Egeria invests in healthy businesses with an enterprise value of between EUR 50 million and EUR 350 million, and believes in building businesses jointly with entrepreneurial management teams (Boldly Building Together). Egeria Private Equity Funds has interests in 14 companies in the Netherlands and Germany, while Egeria Evergreen has investments in 7 companies. Egeria’s portfolio companies generate combined revenues of more than EUR 2 billion and employ more than 12,000 people.

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AURELIUS portfolio company VAG acquires FKB Válvulas

Aurelius Capital
  • Second Brazil Add-on following the acquisition of RTS Válvulas in 2022
  • Increases local manufacturing capacity and expanding its global customer base
  • Further strengthens VAG’s pole position as the world’s leading supplier of water and wastewater valves

Munich/Mannheim/São Paulo, February 1, 2023 – VAG, a portfolio company of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8), announces the Add-on acquisition of FKB Válvulas, a specialist Brazil-based valve manufacturer.

VAG’s acquisition of FKB aims to strengthen the company’s product offering across penstocks and knife gate valves, as well as increasing its footprint in Brazil and expanding its customer base globally. This adds to VAG’s acquisition of RTS Válvulas in 2022, another supplier of valves headquartered in São Paulo, Brazil.

Founded in 2000, FKB specialises in the bespoke design and manufacturing of penstock and knife gate valves for customers operating in water, wastewater, dam & hydro, and other industries. The company’s foundations are built on serving its customers right across the value chain from the modelling and consultation phase right to the manufacturing and implementation of its valves.

About VAG Group

VAG is one of the leading manufacturers of valves for water treatment and distribution, wastewater systems, dams and hydropower. The company has been under AURELIUS Group ownership since November 2018. VAG is known throughout the world for its market-leading water valves since 150 years.

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Groundworks Announces KKR as a New Strategic Partner to Support Growth

KKR

Groundworks to Implement a Broad-based Equity Ownership Program for its More Than 4,000 Employees

VIRGINIA BEACH, Va. and NEW YORK, Feb. 1, 2023 /PRNewswire/ — Groundworks, LLC (“Groundworks” or the “Company”), a leading foundation repair and water management services company, and KKR, a leading global investment firm, today announced a significant investment in Groundworks as part of a new strategic partnership with KKR. Cortec Group (“Cortec”), Groundworks’ current growth partner, will remain an important shareholder in the Company and member of the board of directors.

Founded in 2016, Groundworks has more than 4,000 employees operating in 33 states providing residential foundation and water management solutions, including foundation repair, basement waterproofing, crawl space repair and encapsulation, plumbing, gutter installation, and concrete lifting services. The Company’s brands have served over one million customers in the United States.

“In 2016, Groundworks embarked on a bold vision of building the nation’s leading foundation repair and water management services company by investing and rewarding our incredibly talented tradesmen and tradeswomen,” said Matt Malone, Founder & CEO of Groundworks. “KKR is the ideal strategic partner as we enter the next chapter of evolving this industry given their experience and strong track record in supporting growth-oriented companies, extensive global resources, and our shared culture and values. The strategic partnership enables Groundworks to further invest in our predominantly blue collar workforce with equity sharing programs that will allow every colleague to participate in the success they help to create.”

“Groundworks provides essential and highly technical services to homeowners across the country, with a differentiated business model and focus on customer excellence,” said Felix Gernburd, Partner at KKR. “We’re thrilled to support Matt and the entire Groundworks team as they continue to build on their industry-leading position.”

As part of this transaction, Groundworks will expand its equity ownership program to make all employees owners of the Company. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. Since 2011, KKR portfolio companies have awarded billions of dollars of total equity value to over 50,000 non-management employees across nearly 30 companies. The new ownership program is aligned with Groundworks’ values and focus on honoring the nation’s tradesmen and tradeswomen.

“Cortec is extremely excited about Groundworks’ new strategic partnership with KKR, through which we will collectively continue what Matt and the team began building in 2016,” said Dave Schnadig, Cortec’s Co-President. “Not only will Groundworks further its leadership at its existing branches, the Company is also exceptionally well positioned to enter new markets and broaden its service offering, both organically and via acquisitions.”

KKR is making the investment primarily through its North America XIII Fund. The transaction, which is subject to receipt of required regulatory approvals and satisfying other customary closing conditions, is expected to close in the first quarter of 2023.

Harris Williams LLC served as exclusive financial advisor and Paul Hastings LLP served as legal counsel to Groundworks. Deutsche Bank Securities Inc. and William Blair & Company, LLC served as buyside financial advisors and Simpson Thacher & Bartlett LLP served as legal counsel to KKR.

About Groundworks
Groundworks®, headquartered in Virginia Beach, Va., is the nation’s leading and fastest-growing foundation and water management solutions company. Groundworks Companies provide residential foundation and water management solutions, including foundation repair, basement waterproofing, crawl space repair and encapsulation, plumbing, gutter installation, and concrete lifting services. Groundworks’ combined brands have helped over one million homeowners protect and repair their most valuable asset, their home. Groundworks operates over 50 offices and has been named for six years in a row to the Inc. 5000 Fastest Growing Companies, Qualified Remodeler Top 500, BBB integrity award, and Best Places to Work. For more information about Groundworks, visit www.Groundworks.com, and connect with us on Facebook, Twitter, LinkedIn and Instagram.

About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About Cortec
Founded in 1984, Cortec focuses on investing in and helping management build entrepreneur- and family-owned middle-market business-to-consumer and business-to-business products and services companies in consumer, healthcare, and other attractive end markets. Cortec partners with owners and management teams who want to work with Cortec to drive growth and improve business fundamentals. More information about Cortec can be found at www.cortecgroup.com.

SOURCE Groundworks

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Ardian extends global footprint with office in the United Arab Emirates

Ardian

31 January 2023 Ardian United Arab Emirates, Abu Dhabi

Ardian’s new office based at Abu Dhabi Global Market on Al Maryah Island reinforces its long-term commitment to providing a gateway between Europe and the UAE – and provides a stepping-stone into the wider region.

Ardian, a world-leading private investment house, has today announced that it is opening an office in Abu Dhabi, United Arab Emirates. This extension signals Ardian’s strong commitment to the region and strengthens its crucial role as a gateway for investment between Europe and the UAE. The inauguration was attended by his Excellency the French Minister of the Economy and Finance, Bruno Le Maire, his Excellency Khaldoon Khalifa Al Mubarak, MD and Group CEO of Mubadala Investment Company, and Hamad Al Dhaheri, Global Head of Private Equity of Abu Dhabi Investment Authority.

Ardian’s team in Abu Dhabi will serve its large base of local and regional investors and support its growing range of portfolio companies expanding into the region.

The new opening aligns with Ardian’s ambition to provide clients with a tailored and local presence, in response to increasing investor demand. Ardian will work closely together with its LPs to share knowledge and strengthen relationships, developing globally diversified portfolios of the best that private investments have to offer.

The local team, under the supervision of François-Aïssa Touazi, Chairman Ardian Limited Abu Dhabi will be composed of senior representatives from both Ardian investment teams and support functions to provide client-support services in the region.

“At the heart of Ardian’s approach is close collaboration with our partners around the world. Our new office in the United Arab Emirates is therefore a natural progression as we continue with our strategy to evolve and grow globally. Having a local presence marks our commitment to the goals of developing strategic and long-stranding partnerships in the region. We look forward to working alongside our long-standing partners in the region to provide new opportunities for growth”. Dominique Senequier, President of Ardian

“With our newly established office, Ardian looks forward to stepping up its role as a partner of choice for financial institutions in the Gulf region. The UAE’s core values of excellence, innovation, and development resonate strongly with Ardian’s own values and alongside our portfolio companies, we are confident that our activity is well-aligned in supporting the UAE on its “We the UAE 2031” development path and will strengthen economic diversification”. François-Aïssa Touazi, Senior Managing Director & Chairman Ardian Limited Abu Dhabi

Ardian has been active in the UAE and the region for two decades, responsible for $25bn of AUM from more than 60 investors and $8 billion of capital deployed in the region.

The Abu Dhabi opening marks the Ardian’s 16th  office globally.

Ardian offers a broad exposure to private markets through several activities:

Private Equity:

  •     Secondaries & Primaries
  •     Co-Investment
  •     Buyout
  •     Expansion
  •     Growth
  •     North America Fund

Real Assets:

  •     Infrastructure
  •     Real Estate
  •     Real Assets Debt

Credit:

  •     Private Credit
  •     NAV Financing

ABOUT ARDIAN

Ardian is a world leading private investment house, managing or advising $140bn of assets on behalf of more than 1,400 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian is majority-owned by its employees and places great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our1,000+ employees, spread across 16 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ardian.com

Press contact

ARDIAN

HEADLAND CONSULTANCY

ardian@headlandconsultancy.com

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Magaya completes equity recapitalization led by the Apax Digital Funds

Apax Digital

Investment follows a year characterized by record bookings growth and accelerating adoption of Magaya products by mid-market and enterprise profile international logistics provider (“ILP”) customers

Miami, FL – January 31, 2023 – Magaya Corporation (“Magaya” or the “Company”), a leading provider of supply chain automation and logistics software, today announced that funds advised by Apax Digital, the growth equity arm of global private equity advisory firm Apax, completed a recapitalization of the Company alongside existing investor LLR Partners and other shareholders. The investment will be used to support continued organic growth, platform enhancements, and strategic M&A.

Founded in 2001, Magaya’s comprehensive suite of solutions is proving to be more critical than ever as ILPs face an increasingly dynamic global trade environment with the recent global pandemic, geo-political uncertainty, and economic challenges compounding the everyday pressures faced by customers. Within this context, supply chain stakeholders are turning to digital and software solutions to become more adaptable, agile, and resilient to remain competitive.

“Magaya’s Digital Freight Platform enables logistics service providers to digitize manual processes, optimize operations and achieve real-time visibility through its highly configurable software suite, clear and transparent pricing model, and commitment to customer service and training. A key tenet of the Apax Funds’ thesis is to build upon Magaya’s momentum and expanding list of US and international enterprise profile customers by further increasing the company’s investments to satisfy their growing requirements,” said Dave Evans, Partner at Apax.

“Over the last 20 years, Magaya has created a stand-out product offering that is valued and relied upon by more than 2,300 customers across the globe. We are proud to have LLR’s continued support and look forward to leveraging Apax’s global footprint and operating resources. My team and I look forward to Apax and LLR’s combined experience helping software businesses scale as well as their commitment to continue to support Magaya’s geographic and product expansion through organic investment as well as strategic M&A,” added Gary Nemmers, CEO at Magaya.

“We want to thank Magaya’s founders Jesus, Jose and Gabriel for their commitment over the past twenty years, and for leading Magaya to this important milestone. Since investing in the business in 2019, we’ve made significant progress, investing in the team and product while expanding the platform’s capabilities through M&A. We look forward to building on this success to date alongside Apax Digital,” said David Reuter and Michael Pantilione, Partners at LLR Partners.

As part of the transaction, Dave Evans and Dave Eckley (Operating Advisor in Apax’s Operational Excellence team) will join David Reuter, Michael Pantillone, and Gary Nemmers on Magaya’s board. Magaya’s founders, Jesus Rodriguez, Jose Yoniel Garcia, and Gabriel Ruz Jr., whose “vision and expertise created the foundations of our success to date,” said Gary Nemmers, will remain minority shareholders.

For more information about Magaya’s solutions for freight forwarders, customs brokers, and other international logistics providers please visit www.magaya.com.

Harris Williams LLC served as financial advisor to Magaya in connection with this transaction.

 

About Magaya 

Magaya delivers a Digital Freight Platform that accelerates growth with flexible, interoperable, and modular cloud-based solutions designed to optimize and digitize the entire logistics operations and customer experience. Whether used together as an integrated digital freight platform or independently, Magaya solutions enable businesses of all sizes to streamline complex and redundant processes, enhance the customer experience, optimize productivity, reduce costs, and grow revenue. At Magaya, we are passionately devoted to ensuring our customers’ success through our innovative technology and comprehensive array of related professional services. We take great pride in our people, experts in the field of logistics automation, who are always willing to go the extra mile for our customers. There are no limits to your growth with Magaya.

 

About Apax and Apax Digital  

The Apax Digital Funds specialize in growth equity and growth buyout investments in high-growth enterprise software, consumer internet, and technology-enabled services companies worldwide. The Apax Digital team leverages Apax’s deep tech investing expertise, global platform, and specialized operating experts, to enable technology companies and their management teams to accelerate the achievement of their full potential. For further information, please visit www.apaxdigital.com.

Apax Partners LLP (“Apax”) is a leading global private equity advisory firm. For 50 years, Apax has worked to inspire growth and ideas that transform businesses. The firm has raised and advised funds with aggregate commitments of more than $60 billion. These funds provide long-term equity financing to build and strengthen world-class companies. For further information, please visit www.apax.com.

 

About LLR Partners 

LLR Partners is a private equity firm investing in technology and healthcare businesses. We collaborate with our portfolio companies to identify and execute on key growth initiatives and help create long-term value. Founded in 1999 and with more than $5 billion raised across six funds, LLR is a flexible provider of equity capital for growth, recapitalizations and buyouts. Learn more at www.llrpartners.com/.

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3i announces the sale of Q Holding’s Precision Components Division for proceeds of c.$172m

3I

3i Group plc (“3i”) today announces that it has agreed the sale of Q Holding’s Precision Components Division, a leading provider of silicone and elastomeric molding and extrusion capabilities to the medical device and biopharma markets, to Cirtec Medical and SaniSure. Proceeds to 3i are expected to be c.$172m.

Cirtec Medical is acquiring Precision Components’ Rock Hill and Sturtevant operations and medical extrusion capabilities, which will provide Cirtec with additional high-value capabilities, such as silicone molding, silicone extrusion and polyisoprene molding, and exposure to complementary highgrowth end-markets including robotic surgery. This transaction enhances Cirtec’s ability to deliver vertically integrated capabilities, including engineering, tooling, and the manufacturing of critical components, sub-assemblies and fully-assembled complex devices.

SaniSure, a leader in single-use bioprocessing solutions, has acquired Precision Components’ Twinsburg operations, which produce industry leading silicone tubing. The addition of the Twinsburg facility will complement SaniSure’s existing portfolio of silicone and thermoplastic tubing products, further vertically integrating the business and enabling it to provide its customers with the highest quality components and assemblies in the industry.

3i invested in Precision Components’ parent Q Holding in 2014 and during its ownership has supported the acquisitions of Degania Medical and Silicone Altimex, and invested to expand its global manufacturing footprint with new facilities in Mexico, supporting investments in Europe, China and India. In April 2022, Q Holding’s QSR division, a leading developer and manufacturer of electrical connector seals, was sold to Datwyler.

Following this transaction, Q Holding will consist of its Catheter Technologies segment, which comprises the Degania, Arthesys and Biometrix brands that serve the medical device market with a wide range of catheter products. Catheter Technologies serves leading global OEMs with catheter solutions for the cardiovascular, vascular, enteral feeding, urology and general surgery markets. The segment has facilities in Israel, France, India and Slovakia.

Richard Relyea, Partner, 3i, commented: “We are proud to have partnered with Q’s leadership team to grow Precision Components into a leading global manufacturer of highly-engineered medical device components. These transactions will enable the continued strong growth of the Precision Components operations, aligning them with highly complementary companies and teams that bring additional capabilities and enhanced solutions that will benefit their customers and patients. We look forward to continuing to work with Catheter Technologies to achieve its growth initiatives.”The transaction is expected to complete in the quarter, subject to customary antitrust approvals.

-Ends-

Download this press release  

3i Group plc
Kathryn van der Kroft
Media enquiries		 Tel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com
Silvia Santoro
Shareholder enquiries		 Tel: +44 20 7975 3285
Email: silvia.santoro@3i.com

Notes to editors:

About 3i Group

3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Its core investment markets are northern Europe and North America. For further information, please visit: www.3i.com

About Precision Components

Precision Components is a leading elastomeric solutions provider serving the medical device market. The company has decades of experience providing silicone, polyisoprene and other elastomersbased seals, valves, stoppers, duckbills, and other solutions created to customer specifications.

Regulatory information

This transaction involved a recommendation of 3i Corporation, a US wholly owned subsidiary of 3i Group.

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AE Industrial Partners Strengthens ESG Team with the Promotion of Jennifer Essigs to Head of ESG

Ae Industrial Partners

BOCA RATON, FL— January 30, 2023 – AE Industrial Partners, LP (“AEI” or the “Firm”), a U.S-based private equity firm specializing in aerospace, defense and government services, space, power and utility services, and specialty industrial markets, announced today that Jennifer Essigs has been promoted to Head of ESG, in charge of spearheading the Firm’s increased commitment to supporting ESG initiatives at both the Firm and its portfolio companies.

“We congratulate Jennifer on her promotion, which is reflective of her contributions to our firm and AEI’s continued commitment to developing a best-in-class ESG program,” said Mike Greene, Managing Partner of AEI. “The industries in which we invest have a meaningful impact on environmental and resource efficiency issues, and AEI is committed to leveraging our influence to drive significant ESG improvements within our portfolio and across the industry. We believe companies that actively manage material ESG risks are better positioned to navigate uncertainties, and building out our team and increasing our investments in ESG aligns with our goal of maximizing investor value.”

Ms. Essigs, who joined AEI in 2021, previously served as the Firm’s Director of ESG and Human Capital. In this role, Ms. Essigs led AE Industrial’s participation in the ESG Data Convergence Initiative (EDCI) and the Initiative Climate International (iCI), as well as an ILPA Diversity in Action signatory. She holds a bachelor’s degree from the W. P. Carey School of Business at Arizona State University.

“I’m honored to lead the Firm’s effort in establishing a world-class ESG program, which is central to creating more value across our portfolio,” said Ms. Essigs. “AEI is proud of the work we’ve accomplished to date, and we are strengthening our ESG capabilities with a deeper focus on helping our portfolio companies build robust, strategic ESG programs, policies, and practices.”

About AE Industrial Partners

AE Industrial Partners is a private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets. AE Industrial Partners invests in market-leading companies that can benefit from our deep industry knowledge, operating experience, and relationships throughout our target markets. AE Industrial Partners is a signatory to the United Nations Principles for Responsible Investment and the ILPA Diversity in Action initiative. Learn more at www.aeroequity.com.

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Categories: People

Convertus wins 20-yr and C$ 490m contract to build a bio-fuel facility for the Region of York (CA)

Convent Capital

)

30
Jan

Convertus Group was recently awarded a 20-year, C$490m contract by the York Region (The Regional Municipality of York) to process the Region’s curbside household green bin waste. Convertus plans to design and build a state-of-the-art biofuel facility in York Region by March 2027 that will convert York Region’s green bin waste into fertilizer and renewable natural gas. This is amazing news and is a key step towards Convertus becoming the largest and most advanced organic waste operator in North America.

https://www.newmarkettoday.ca/local-news/york-region-awards-490m-contract-for-organic-waste-facility-6369665

https://www.york.ca/newsroom/campaigns-projects/biofuel-facility

 

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BizzMine and VARIO join forces in the digitization of Quality, Safety and Environment (QMS – QHSE)

Fortino Capital

Kortrijk and Zottegem, January 30, 2023 – BizzMine and VARIO (Incerta) today announce their collaboration. Investment company Fortino Capital acquired a significant stake in BizzMine early last year and now supports this merger. The 3 parties have big plans and strongly believe in the synergy of quality management software and safety software. With 900 customers in more than 40 countries, Flanders has gained an ambitious digital player that plays a leading role in the QHSE market.

The need is high

In times of uncertainty, the demand for QHSE (Quality Health Safety Environment) software is high. Proper tracking of complaints, monitoring quality in the transportation of medicines, reducing industrial accidents, correctly complying with environmental legislation, or obtaining ISO certificates… These are just some of the applications that BizzMine and VARIO bring to the market. Users of BizzMine and VARIO users are not only covering risks better, but also strongly increasing transparency and efficiency of their organization.

 

Perfect synergy

Together, the two Flemish companies form an ideal software tandem. BizzMine is a digital platform for quality management (QMS) that enables organizations to centralize and manage all data related to complaints, audits, documents, training, etc. VARIO is a trendsetter in software for the management of safety, prevention and well-being in the workplace and facilitates the acquisition and maintenance of a VCA or ISO certificate. With their combined knowledge and experience, they can now address a wide range of sectors and respond to the growing demand for a SaaS solution for Quality and Safety Management.

 

Strong together, 1+1+1=5

Since Fortino Capital joined BizzMine less than a year ago, the team has experienced the positive dynamics of this collaboration. The growth acceleration immediately became concrete and international, the enthusiasm and confidence of the employees are increasing, and great progress is being made in sales, marketing, HR, corporate structure, reporting, etc.

As of today, Fortino’s experience and know-how will be further applied to actively support the expansion of the united team. To continue the growth, the current team of 60 employees will be significantly increased.

Chris Heyndrickx, Managing Director VARIO: “By joining forces with BizzMine, a complementary QMS company, and partnering with Fortino as a strategic investment company, we are positioning ourselves for unprecedented international growth in the QHSE market. This powerful combination will enable us to offer a broader range of innovative solutions, expand our reach into new markets, and provide unparalleled customer support. In this way, we will not only grow our QHSE business, but also revolutionize the industry and seek to shape the future of QHSE together.”

Chris Heyndrickx, Managing Director VARIO

Peter De Brabandere, Founder BizzMine: “With VARIO joining BizzMine, our solid growth story gets a big boost. The market is increasingly demanding solutions for integrated management systems, which we can now offer perfectly together. We also complement each other very well in terms of solutions for specific industries. We want to use our experience in international expansion to open up new markets at home and abroad with a broader product portfolio. Our goal is to become a leading European player in the coming years.”

Peter De Brabandere, Founder BizzMine

Jeroen Van Godtsenhoven, Partner at Fortino Capital: “The merger of BizzMine and VARIO is a step that supports our goal of becoming a leader in the QHSE market. The focus on Quality, Safety and Environment is increasing, and we are taking that opportunity. BizzMine and VARIO are leaders in their fields and Fortino is excited to put its shoulders to the wheel.”

Jeroen Van Godtsenhoven, Partner at Fortino Capital

About VARIO (Incerta)

Since 2008, Incerta BV has been operating as an IT and consulting firm focused on enterprise security policy consulting and software support. In a unique way, the team has translated its knowledge and experience with healthcare systems into a standard QHSE software package VARIO that evolves with the needs of the market. Today, more than 500 companies are already working with VARIO, including government institutions, multinationals, and SMEs. Some examples are Alheembouw, Vandersanden or the Flemish Government. For more information www.variosoftware.be

 

About BizzMine

Founded in 1995 as Vivaldi Software, BizzMine develops Cloud and web-based quality management and workflow software. The platform helps customers to better track complaints, incidents, risks, documentation, audits, calibrations, improvement actions, training, etc. BizzMine has a global presence through its diversified customer base in 40 countries and local offices in Europe, the U.S., the U.K., and Asia. Companies using BizzMine software include H.Essers, Oatly, Carbogen Amcis, Kloeckner. For more information please visit www.bizzmine.com

 

About Fortino Capital

Fortino Capital is an investment company focused on B2B software and ICT. Our mission is to help ambitious management teams realize their growth plans. We invest in young companies (venture capital) and established companies (growth capital) where growth is an essential part of the strategy. Fortino has offices in Belgium, the Netherlands and Germany and invests in Northwest Europe. Fortino’s previous investments include People Intouch, VanRoey, Odin Group, Teamleader, Efficy CRM, SigmaConso, Cenosco, MobileXpense, iObeya, etc.

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