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Adelis new majority owner in IT services company Aderian

Adelis Equity

Adelis Equity Partners becomes the new majority owner in the fast-growing IT services company Aderian to support continued organic growth and acquisitions. Operating a decentralized model, Aderian consists of a group of locally strong IT specialists who deliver tailored and customer-oriented IT services to SME customers. Following the transaction with Adelis, Aderian is expected to generate revenues of c. SEK 1 billion with the ambition to triple revenues within five years while retaining strong profitability.

Adelis has significant experience from investing in the attractive and fast-growing IT services space, where service delivery is becoming increasingly complex and critical, driven by e.g. migration to cloud and need for IT security. Simultaneously, there is a growing demand – especially in the SME segment – for tailored and customer-centric solutions.

With a strong track record of investing in partnerships with leading entrepreneurs, Adelis becomes new majority owner in the IT services company Aderian, with the ambition to further develop its successful decentralized business model whilst accelerating growth. All entrepreneurs, management and key employees will remain significant shareholders following the transaction.

“We are very excited to welcome Adelis as a new growth partner to Aderian. We have a unique business model where our group companies retain their strong brands and local presence, which is highly appreciated by both customers and employees. At the same time, we cooperate within the group to provide both a broad service offering and specialist competences to always serve our customers in the best possible way”, says Mia Åslander, CEO at Aderian Group.

Following the transaction with Adelis, Aderian is expected to reach revenues of c. SEK 1 billion. With Adelis as a growth partner, the ambition is to triple revenue in five years, driven by both organic growth and an active M&A strategy in the fragmented IT industry.

“We are honored to become new majority owner in Aderian. Mia and the team of strong entrepreneurs have created a unique platform that combines the important qualities of being a local and customer-oriented IT partner, with the benefits and resources of being part of a larger group. We look forward to supporting Aderian’s continued growth and welcoming additional entrepreneurs and employees who want to join our coming growth journey”, say Erik Hallert and Jakob Wedenborn at Adelis.

The transaction is expected to close January 2023, subject to customary regulatory approvals.

For further information:

Mia Åslander, VD Aderian Group

Phone: 076-188 91 77

E-mail: mia.aslander@aderian.se

Erik Hallert, Adelis Equity Partners

Phone: 070-936 80 41

E-mail: erik.hallert@adelisequity.com

Jakob Wedenborn, Adelis Equity Partners

Phone: 073-392 59 26

E-mail: jakob.wedenborn@adelisequity.com

About Aderian Group

Aderian Group consists of leading companies with strong local brands and broad competences that, within Aderian, can find synergies and areas of cooperation to broaden their service offering and provide tailored solutions with a customer-centric approach. The strategy is to gather all the companies’ unique qualities with the goal of becoming a market leader within IT- and application operations, infrastructure, cloud services, security and digitalization. The companies in the group, primarily focused on smaller- and midsized (SME) customers, can leverage this business model to broaden their service offering and continue to grow with existing and new customers. Today, Aderian has over 300 employees and has revenues of c. SEK 800m. For more information, please visit www.aderian.se

About Adelis Equity Partners

Adelis is a growth partner for well-positioned, Nordic companies. Adelis partners with management and/or owners to build businesses in growth segments and with strong market positions. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, making 37 platform investments and more than 160 add-on acquisitions. Adelis today manages approximately €2.5 billion in capital. For more information, please visit www.adelisequity.com

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EQT Future and ATHOS, alongside other co-investors, invest in SHL Medical, a world-leading provider of advanced drug delivery solutions

eqt
  • SHL Medical is a pioneer in medical autoinjectors, which allow patients to safely self-administer medications at home while reducing the burden on healthcare systems
  • EQT first partnered with SHL Medical in January 2020 through its EQT VIII fund. Having outperformed its business plan since, SHL Medical formulated an ambitious growth strategy until 2030, for which EQT Future, ATHOS and other co-investors will serve as partners
  • The consortium will support SHL Medical in its next phase of growth, expanding its production footprint to the United States and Europe, while further strengthening the Company’s positive impact by increasing patient autonomy and through circularity and reusability initiatives

EQT Future, EQT’s new impact-driven longer-hold investment strategy, and ATHOS, alongside other co-investors (the “Consortium”), have today announced an investment in SHL Medical (“the Company”), a world-leading provider of drug delivery solutions. The Consortium will acquire a minority share of the Company from EQT’s Equity fund VIII, which will exit the Company. Roger Samuelsson, the Company’s founder, will remain the majority shareholder.

SHL Medical serves as a partner to global pharmaceutical and biotech companies in the development and production of medical autoinjectors. Autoinjectors are the preferred drug delivery solutions for highly complex biologic drugs and its biosimilar derivatives. The solutions allow patients to safely self-administer medication at home, especially for chronic diseases, which represent an increasing global health threat and require frequent treatments over long periods. Self-treatment increases patients’ quality of life while reducing the burden on healthcare systems. Headquartered in Switzerland, SHL Medical has a global presence with offices and operations in Europe, Asia, and the United States, employing more than 5,000 people worldwide.

Since the investment by EQT VIII in 2020, SHL Medical has significantly outperformed its business plan, having upgraded its manufacturing and commercial capabilities while focusing on digitalization. It has recently won several new long-term contracts, which will be a critical driver of the firm’s growth strategy through 2030. The Company is working on a range of new product launches while expanding its production footprint to the United States and Europe. EQT Future and ATHOS will support this journey while working closely with the SHL Medical management team to further strengthen the Company’s positive impact by increasing patient autonomy and through circularity and reusability initiatives.

Ulrich Faessler, CEO of SHL, commented: “Above all else, SHL Medical’s success has been predicated on an unresolving commitment to improving the lives of patients. We have a great partnership with EQT and are excited to work closely with EQT Future, ATHOS and the other co-investors to accelerate our global expansion and to develop new drug delivery solution offerings. Together, we will continue to build and grow the company to provide the best possible service to our customers and for patients around the globe.”

Andreas Aschenbrenner, Responsible Partner within EQT VIII’s Advisory Team, said: “The successes of the last three years have been a testament to Roger and his team. Ulrich together with his world class team have launched new product platforms with additional benefits for patients, automated the assembly process, accelerated geographical diversification, and with their innovations laid the foundation for SHL Medical to become a sustainability champion within its field. We believe that EQT Future, ATHOS and the other co-investors are the right partners to build on these achievements and strengthen SHL Medical’s long-term prospects.”

Rikke Kjær Nielsen, Partner within EQT Future’s Advisory Team, said: “EQT Future backs market leading businesses which improve our planet through the products and services they deliver, while having the potential to shape their industries. SHL Medical is all of this and more. Together with ATHOS, one of the leading global life sciences investors, and other co-investors, we are well positioned to support Ulrich and his team as they expand SHL Medical’s global production footprint and further strengthen the Company’s impact and sustainability strategy.”

Wolfgang Essler, General Manager at ATHOS, said: “We are proud to partner with a business as exceptional as SHL Medical. Being healthcare and life sciences investors at the very core of our DNA, we have the utmost respect for the entrepreneurial achievements of Roger Samuelsson and his team, who are pioneers in the area of medical self-injection devices for biologic drugs that increase the autonomy of patients. We look forward to collaborating with SHL Medical and EQT Future to explore the potential for patients to safely self-administer a new generation of drugs. This fits into the impact goals that we apply to our investment criteria.”

 

Contact

EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of EQT Future will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.

About EQT
EQT is a purpose-driven global investment organization with EUR 114 billion in assets under management within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia-Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

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

About ATHOS
ATHOS KG is a Munich based single family office. ATHOS with its heritage in healthcare and life sciences invests in teams with exceptional science expertise and technology-driven companies with an entrepreneurial and value-based approach. 

About SHL Medical
SHL Medical designs, develops and manufactures advanced drug delivery devices, such as autoinjectors, pen injectors and advanced inhaler systems, and provides final assembly, labeling, and packaging services for pharma and biotech companies worldwide. Headquartered in Switzerland with locations in Taiwan, Sweden, and the US, SHL Medical employs more than 5,000 employees worldwide.

More info: www.shl-medical.com

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Gimv exits Biolam to its management backed by investors after a fast and successful growth trajectory into a leading French group of clinical testing labs

GIMV

Topic: Divestment

Biolam and Gimv today announce an important step in the growth trajectory of Biolam. Following the group’s fast and successful development, combining organic and external growth, Gimv is selling its stake in Biolam to its founding team, backed by private equity investors. The founders, the management and their new partners will further focus on quality of service and care, and expansion in France.

In 2019, Gimv acquired a stake in Biolam 80 (www.groupebiolam.fr), an emerging group of clinical testing laboratories operating in the city of Amiens, together with Daniel Attias. The original plan, co-designed with Daniel Attias, aimed at creating a leading player in the Hauts-de-France region, in terms of size, clinical performance and level of service.

From the start Biolam has grown very quickly thanks to a combination of laboratory creation in under-serviced locations, an important enabler for accessible quality care, and strategic acquisitions. In parallel, the group continuously invested in staff, care organization, diagnostics equipment and IT backbone, serving its ambitious medical project. Altogether, these efforts enabled Biolam to become a leading laboratory group in the Hauts-de-France and Normandie region with a solid foundation for continued success.

The company currently operates a network of more than 30 labs, with 4 technical platforms and has a rich pipeline of active acquisition targets. Since Gimv’s investment in 2019, Biolam has signed 7 add-on acquisitions and has built a leading and high-quality diagnostics organization.

The transaction announced today will strengthen the company’s relentless focus on quality of service and care and expansion in its regions. The management team, with its new partners, will further invest in its organization while growing its laboratory network in order to build an even better diagnostic company for all stakeholders.

The transaction has no significant impact on the Net Asset Value of Gimv as of 30 September 2022. No further financial details will be disclosed.

Gautier Lefebvre, Partner at Gimv, and Kevin Klein, Principal at Gimv, state: “ We are extremely proud of having partnered with Biolam and Daniel Attias for its growth strategy where focus on quality diagnostics and service level to practitioners have always been paramount, especially during the pandemic. Since the start, we have been perfectly aligned with the management team, resulting in an optimal ability to build the organization and to seize growth opportunities. We are grateful for the successful and excellent cooperation with the management of Biolam and wish them – together with their new partners – all the best in their further growth trajectory.”

Daniel Attias, Chairman of the Biolam Group, says: “We have exceeded the targets we initially set ourselves with the Gimv team, which is a sign of a very effective collaboration. We are thankful for the successful partnership with Gimv that enabled the development of Biolam into an established and leading laboratory group with solid foundations for the next growth phase. and look forward to further grow with our new partners.”

 

Read the full document

English – French – Dutch
 

Gimv

Karel Oomsstraat 37, 2018 Antwerpen, Belgium

www.gimv.com

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BGF leads major investment in Makers to champion diversity and talent in tech

BGF

Makers, the London based provider of tech talent, has raised £7 million in a funding round led by BGF alongside existing investors Forward Partners and Educapital.

With this investment Makers will offer a wider variety of tech bootcamp and apprenticeship courses over the next three years. These will open up 5,000 opportunities in tech for people who would not otherwise have had access and provide Makers’ clients with diverse talent across their tech teams.

Founded in 2012, Makers identifies high potential career switchers without a background in tech, trains them as software engineers and helps place them with leading companies. Since its founding, the company has trained more than 3,000 people to become software engineers, successfully placing candidates with global brands including Google and Deloitte Digital.

As part of its mission, Makers is committed to championing diversity in tech. In addition to free apprenticeship programmes for students, 30% of places on its Bootcamp courses are taken as full scholarships, 40% of students are women (double the UK tech industry average) and 40% are from underrepresented ethnic backgrounds.

Led by BGF’s London-based investor Rahul Satsangi, this investment will help Makers expand its course portfolio, increasing the supply of highly trained and diverse candidates to address the significant labour gap in the UK technology industry.

Claudia Harris OBE, CEO of Makers (pictured), commented: “Ten years ago, Makers launched the first European Coding Bootcamp and five years later we continued to innovate, becoming early providers of software engineering apprenticeships. Now, with this investment, we will expand our offer across more technical disciplines, increasing the opportunity for people to switch careers into tech and enabling employers to fulfil all of their tech talent needs.

“We are driven by a vision of a tech industry that represents society and where people from all backgrounds can find work that they love. Tech shapes every aspect of our lives but is disproportionately run by people from a narrow segment of society. That needs to change. That’s why we recruit students from all backgrounds and from the day we were founded 10 years ago we have never focused on qualifications, just potential.

“We are incredibly grateful to our existing investors Forward Partners and Educapital for their continued support – and we are delighted to be working with BGF now as we take another step towards fulfilling our vision. From our early meetings it was clear that BGF’s investment team share our values and we are pleased to have their support during our next chapter.”

Rahul Satsangi, Investor at BGF, remarked: “Makers represents a unique and exciting opportunity to invest in a fast-growing mission-led business making a real difference promoting diversity in the tech sector. We are looking forward to working with Claudia and her dedicated senior leadership team to help drive the business forward in its next exciting stage of growth.”

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Segulah creates SELATEK – a challenger within security solutions, electrical installation and automation

Segula

In November 2021, Segulah acquired a majority stake in Levinsgruppen, a leading regional provider of electrical installation, climate control systems and turnkey industrial automation services, to support the company in its next growth phase. Since then, eight acquisitions have been completed tripling the Group’s combined revenues to around SEK 750m and expanding geographical presence to the attractive greater Stockholm region.

To address the market’s increased demand for qualified services within security solutions, electrical installation, and automation, SELATEK has been created with the ambition to take larger contracts with a focus on sustainability and technology. Through organic growth initiatives in a structurally growing market, continued acquisitions and synergies between the companies, the Group is expected to grow significantly during the next couple of years. The companies within the SELATEK Group will operate under their locally anchored and unique brands, with the previous owners and key employees remaining in their respective operational roles. The strategy is to drive Group initiatives and, with a focus on sustainability and technology, offer the market specialist competence within the technology areas security solutions, electrical installation and automation.

“SELATEK’s strategy is built on that locally strong companies with a unique brand will continue to develop with support from the Group and its subsidiaries. By taking pole position in the rapidly evolving technological development within our focus areas we will offer our customers unique expertise and high-quality deliveries. Energy efficiency solutions, power transmission and charging infrastructure are areas where SELATEK already today makes a difference.” says Magnus Löfgren, CEO of SELATEK.

For further information, please visit www.selatek.se, www.segulah.com or contact:

Magnus Löfgren                                             Marcus Planting-Bergloo
CEO, SELATEK                                                 CEO, Segulah VI Advisor AB
+46 702 09 66 14                                              +46 702 29 11 85
magnus.lofgren@selatek.se                         planting@segulah.se

 

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Blackstone Charitable Foundation Commits $5 Million To Five New Colleges in Florida, Including New Historically Black College and University and Hispanic Serving Institutions

Blackstone

December 8, 2022, New York & Miami – The Blackstone Charitable Foundation today announced that it has committed $5 million over three years to expand LaunchPad, its entrepreneurial skills-building program to help students launch successful companies and careers, at five new colleges, including one Historically Black College and University (HBCU) and three Hispanic Serving Institutions (HSIs). The partnership is part of the Blackstone Charitable Foundation’s broader $40 million commitment to expand LaunchPad to higher-ed institutions that have a majority underrepresented population or are serving under-resourced communities. LaunchPad’s expansion is being celebrated today at an event hosted by Miami Dade College and Florida International University, with attendance from Miami Mayor Francis Suarez and Miami Dade County Mayor Daniella Levine Cava, among other elected officials.

Blackstone LaunchPad has supported University of Central Florida for the past decade, delivering entrepreneurial skill-building programs to help their students launch successful companies and careers. As part of Blackstone’s broader commitment to Florida, Blackstone LaunchPad recently partnered with Miami Dade College, Florida International University, Florida State University, Florida A&M University and Florida Atlantic University to expand its signature program. Blackstone LaunchPad looks forward to advancing career and economic mobility in Florida by equipping students with skills, resources and opportunities to succeed.

“We are thrilled to welcome this new group of Florida LaunchPad schools into our network and community,” said Maura Pally, Executive Director of the Blackstone Charitable Foundation. “Blackstone continues to be committed to Florida and to connecting students with professional networks and opportunities to help them build successful companies and careers.”

These valuable partnerships are part of the Blackstone Charitable Foundation’s effort to provide entrepreneurship skills-building opportunities to a diverse set of students. Blackstone believes entrepreneurial skills make candidates more attractive to potential hires as they provide a lifelong learning mentality, creative and critical thinking capabilities, and an ability to build social capital.

For students at these colleges, LaunchPad provides students with entrepreneurial skills-building content and programs for success in any career path they choose to pursue. Additionally, students will be able to participate in national programming such as pitch competitions and fellowships where they can build lasting professional relationships.

“Miami’s growing entrepreneurial and tech ecosystem calls for transformational investment in the home-grown talent who will fuel that growth,” said Miami Dade College President Madeline Pumariega. “Miami Dade College has a long track-record of enabling entrepreneurship in this community through The Idea Center and this partnership with Blackstone LaunchPad will allow us to further expand our entrepreneurial skills-building across the College. We look forward to having MDC scale its ability to support even more aspiring young entrepreneurs in the years to come. We know they become the backbone of this community.”

“We are extremely grateful to the Blackstone Charitable Foundation for providing us with this opportunity to expand the entrepreneurship programs at FIU,” said William Hardin, Dean of FIU School of Business. “This grant will enable us to strengthen our commitment to providing our students with the tools they need to assess new enterprise opportunities and start new ventures.”

The 2021 initiative to expand Blackstone LaunchPad to higher-ed institutions with majority underrepresented or under-resourced students has brought the program to 22 Hispanic Serving Institutions, 7 HBCUs and 4 community colleges, demonstrating continued dedication to increasing diversity among student entrepreneurs and the development of key skills for career mobility.

About Blackstone Charitable Foundation
The Blackstone Charitable Foundation has led Blackstone’s philanthropic initiatives since 2007. We are driven by the firm’s commitment to diversity and inclusion and providing access to opportunity in the communities in which we live and work. Blackstone LaunchPad helps college students learn entrepreneurial skills for success to build thriving companies and careers, with an increasing commitment to schools that have a majority diverse student population or engage with underrepresented communities. BX Connects engages Blackstone’s global employee base to partner with non-profits, supporting their missions through volunteer opportunities, fundraising, board service and other charitable activities.

Media
Emilie Stanton
Emilie.stanton@blackstone.com
347-331-9196

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Concord Prices $1.8 Billion ABS to Finance Corporate Growth Strategy

Apollo

Apollo Structured and Anchored ABS as Long-term Financing Partner

NASHVILLE AND NEW YORK – December 8, 2022 – Concord, a global leader in music publishing, recorded music and theatrical rights licensing, has successfully priced $1.8 billion of senior notes secured by a significant portion of its highly diversified catalogue of sound recordings and songs. It is the largest asset-backed securitization offering of music rights in the industry to date in terms of both size of issuance and number of assets (over one million copyrights). Apollo (NYSE: APO), through its Capital Solutions business, structured the ABS transaction and formed an investor syndicate led by Apollo-managed funds. JP Morgan served as a co-structuring agent of the transaction. Proceeds from the issuance will be reinvested to support Concord’s continued growth in 2023 and beyond.

“Concord has reached a new milestone in its own evolution and for the broader global industry in pricing the largest music ABS transaction in history,” said Bob Valentine, President of Concord. “I’m proud to help lead a company partnered with the astonishing depth and breadth of artistic talent that the works financed by this securitization represent. I’m also extraordinarily thankful that a significant number of blue-chip financial institutions have taken note of our success to date and chosen to participate in our future. As we continue to better position Concord as a bellwether in the industry, our focus remains the same: to elevate the voices of artists and musicians using the global, independent platform that we have been assembling for years. We are grateful to our financing partners at Apollo and JP Morgan who helped us develop a long-term capital solution that reflects the strength of the portfolio we have built to date and further validates our active management strategy.”

Concord’s transaction reflects the growing value of music copyrights and increased interest from financial institutions in music royalties as a long-term, annuity-like asset class. The music industry is experiencing a period of sustained expansion, fueled by exponential growth in the global streaming market, new marketing platforms, increased collector demand for vinyl records and, with the integration of new technologies, diversified platforms for music commercialization. These combined factors benefit both legacy catalogues and new releases while driving artist and songwriter revenue.

Concord’s new 5-year facility is backed by an actively managed catalogue of more than 1 million unique music assets spanning a wide-range of genres, including over 300 GRAMMY Award winners and more than 400 recordings with Gold, Platinum, Multi-Platinum and Diamond Recording Industry Association of America (RIAA) certifications. The catalogue is valued at more than $4 billion, resulting in an approximate 44% loan-to-value ratio for the offering and the notes are rated A+ by KBRA.

Apollo Partner and Head of Asset-Backed Finance Bret Leas said, “Concord’s experienced management team continues to build a world-renowned catalogue of assets with diversification and cash flow characteristics well suited for asset-based lending. We are pleased to provide a tailored, flexible structured solution that supports their continued growth.”

Apollo Capital Solutions’ Paul Sipio added, “This transaction leverages the scale of our investment platform alongside our growing Capital Solutions business to originate, anchor and syndicate a comprehensive financing solution. Having known the Concord Board and management team for many years, we are pleased to support their future success.”

Concord continues to grow as a major force in the music industry. Works in the securitization catalogue alone include songs and recordings by Phil Collins, Creedence Clearwater Revival, Daft Punk, Miles Davis, Danny Elfman, Evanescence, The Fania All-Stars, John Fogerty, Genesis, Imagine Dragons, Isaac Hayes, James Taylor, Jewel, Joan Sebastian, Nine Inch Nails, Pink Floyd, Cyndi Lauper, Little Richard, Nikki Six, Otis Redding, R.E.M., Rodgers & Hammerstein, Pete Seeger, Taking Back Sunday, Ryan Tedder, The Traveling Wilburys, The Vince Guaraldi Trio, Hans Zimmer and hundreds more.

FTI served as the valuation agent on the transaction and KBRA provided ratings services. DLA Piper served as legal counsel to Concord, and King & Spalding LLP as legal counsel to Apollo affiliates. Reed Smith and Greenberg Traurig serviced as special counsel with respect to music assets for Concord and for Apollo affiliates, respectively.

###

ABOUT CONCORD
Concord is the independent, worldwide leader in the development, management and acquisition of sound recordings, music publishing, theatrical performance rights and narrative content. Headquartered in Nashville with additional offices in Los Angeles, New York, London, Berlin, Melbourne and Miami, Concord also has staff in Auckland, Sydney, Tokyo and Toronto. The Company’s catalog consists of more than 1 million songs, composed works, plays, musicals and active recordings which are licensed in virtually every country and territory worldwide.

CONCORD LABEL GROUP is comprised of seven active labels across many musical genres: Fantasy Records, Fearless Records, Loma Vista Recordings, Rounder Records, Easy Eye Sound, Concord Records and Concord Jazz.

The company’s historical labels are managed by its Craft Recordings team, and include such storied imprints as Fania, Independiente, Milestone, Musart, Nitro, Pablo, Prestige, Riverside, Savoy, Specialty, Stax, Telarc, Varèse Sarabande, Vee-Jay, Victory and Wind-up. Concord’s master recording portfolio contains more than 275,000 active song recordings and includes no less than 300 GRAMMY® winners (representing over 6.6% of all the GRAMMYs® ever awarded) and over 400 Gold, Platinum, multi-Platinum and Diamond RIAA certifications across 215 titles.

Concord is also home to the #1 kids’ music brand, KIDZ BOP. Now in its 20th year, the global hit music franchise has sold 22.5 million albums, generated 8 billion streams, and continues to reach kids and families with new music, videos, consumer products and live tours.

CONCORD MUSIC PUBLISHING represents more than 600,000 copyrighted works by the world’s most celebrated songwriters, composers and lyricists. Spanning nearly two centuries of song, through a vast array of genres and territories, Concord Music Publishing also supports a diverse group of contemporary creators producing important and popular new songs and musical works. Concord Music Publishing is home to the world’s leading classical music publisher, Boosey & Hawkes, and operates exclusive joint ventures with top pop music publisher, Pulse Music Group and Hillary Lindsey’s Hang Your Hat Music.

CONCORD THEATRICALS is the world’s most significant theatrical company, comprising the catalogs of R&H Theatricals, Samuel French, Tams-Witmark and The Andrew Lloyd Webber Collection, plus dozens of new signings each year. Our unparalleled roster includes the work of Irving Berlin, Agatha Christie, George & Ira Gershwin, Marvin Hamlisch, Lorraine Hansberry, Kander & Ebb, Ken Ludwig, Lin-Manuel Miranda, Dominique Morisseau, Cole Porter, Rodgers & Hammerstein, Thornton Wilder and August Wilson. We are the only firm providing truly comprehensive services to the creators and producers of plays and musicals, including theatrical licensing, music publishing, script publishing, cast recording and first-class production.

CONCORD ORIGINALS is Concord’s narrative content creation division. The team develops and produces stories anchored by Concord’s artists, music and theatrical works. Concord Originals takes a proactive, narrative-driven approach to each project and partners with A-list storytellers to produce premium content for screen and beyond. The division’s slate is comprised of feature films, series, documentaries and podcasts, including remakes and re-imaginings of properties from Concord’s iconic portfolio.

Concord is a private company funded by long-term institutional capital and members of Concord’s management team. At the forefront of intellectual property valuation, acquisition and utilization, the Concord investment underscores the partners’ belief in the lasting and appreciating global value of superior original creative content.

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2022, Apollo had approximately $523 billion of assets under management. To learn more, please visit www.apollo.com.

Contact Information

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822 0491

Communications@apollo.com

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Partners Group to acquire Sunsure Energy, a leading renewable energy platform in India

Partners Group

Mumbai, India; 8 December 2022

  • Partners Group will invest up to USD 400 million to transform Sunsure into a next-generation independent power producer
  • Sunsure will help businesses in India meet their decarbonization targets
  • The Platform targets 3 GW of capacity from Partners Group’s equity commitment

Partners Group, a leading global private markets firm, has, on behalf of its clients, agreed to acquire a majority stake in Sunsure Energy (“Sunsure” or “the Platform”), a leading renewable energy and decarbonization solutions platform in India. Partners Group will invest up to USD 400 million in the Platform.

Founded in 2015, Sunsure has historically built solar plants for Commercial & Industrial (“C&I”) customers and third-party renewable power producers in India. Under Partners Group’s ownership, Sunsure will be transformed into a next-generation independent power producer that will build and own utility-scale solar, wind, solar-wind hybrid, and battery storage renewable energy projects. The Platform is targeting over 3 GW of operational capacity and will be focused on selling power directly to C&I customers through long-term Power Purchase Agreements (“PPAs”). The Platform also plans to help customers meet decarbonization and energy cost reduction targets by expanding the scope of existing client relationships to provide additional value-added services, such as energy-as-a-service and carbon credit management. India is the third largest electricity market in the world, with C&I customers consuming over 50% of the power generated in the country. This consumption is expected to continue rising in line with India’s real GDP growth. The vast majority of this power demand today is sourced from non-renewable sources.

Partners Group, which has extensive experience in the renewable energy and decarbonization sectors, will work closely with the Sunsure founding team and management on achieving the Platform’s vision and delivering value creation initiatives.

Luv Parikh, Managing Director, Private Infrastructure Asia, Partners Group, says: “Sunsure is a transformational, next-generation infrastructure investment opportunity in India’s growing renewable energy sector, which has been a thematic focus area at Partners Group for many years. We intend to help companies operating in India meet decarbonization goals and assist in the country’s overall energy transition. Through this investment, we will support Sunsure in executing on its pipeline of renewable projects and assist them in offering new services to C&I customers. We look forward to working with the team.”

Shashank Sharma, Founder and Chief Executive Officer, Sunsure Energy, comments: “At Sunsure, we are looking to bridge the gap between the availability of significant solar and wind energy resources in India and the production of solar and wind power. Since inception, we have delivered solar power to C&I clients across multiple industries in 16 states. We believe Sunsure’s transition into an independent power producer is the best way to ensure more businesses benefit from low-cost solar and wind power in the future. Partners Group’s extensive experience in the renewables and decarbonization sectors across North America, Europe, and Asia Pacific, as well as its financial resources, make the firm an ideal partner for the Sunsure platform.”

The Sunsure founding team includes Shashank Sharma, Shantanu Faugaat, Manish Mehta, Kartikeya N. Sharma, and Tarunveer Singh.

Bharath Rajagopalan, Member of Management, Private Infrastructure Asia, Partners Group, adds: “Sunsure is well-positioned to achieve positive stakeholder impact over the long term by helping businesses reduce their carbon emissions. There is also a strong economic rationale for India’s C&I customers to purchase renewable power directly from independent producers such as Sunsure. The government’s far-sighted and favorable renewable energy policy, as well as India’s resilient economic growth, are additional tailwinds that attracted us to Sunsure and the Indian renewable energy space.”

Partners Group’s Private Infrastructure business has USD 21 billion in assets under management and has made over 130 investments in 18 countries globally.

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BGF backs Environmental Essentials for future growth

BGF

BGF has committed a further £2.4 million to support Environmental Essentials’ buy-and-build growth strategy.

Environmental Essentials, one of the UK’s leading asbestos service providers, has secured follow-on investment from BGF to support the acquisition of Adams Environmental.

Adams Environmental, which specialises in the listed building and education sectors, servicing high-profile buildings such as the National History Museum and Imperial College London, is the company’s first acquisition.

Based in Stoke-on-Trent and operating from four offices throughout the UK, including Stoke-on-Trent, Glasgow, Crawley, and London, the business provides asbestos management, training and surveying to businesses, local authorities and public sector organisations. Clients include the Houses of Parliament, tier one construction companies, NHS Trusts, high street food retailers and pub operators. Richard Powner and James Riley co-founded the business in 2004.

We’re delighted to welcome Adams Environmental into the Environmental Essentials fold. This marks a significant step forward in our growth ambitions, on the back of a strong trading period throughout the Covid pandemic, and is another positive milestone on our investment journey with BGF, which has had a considerable impact on our business since 2015.

Richard Powner, Co-founder Environmental Essentials

“Asbestos management has been a core part of our business since we launched 18 years ago. However, we believe that there is significant potential to expand our offering, not just geographically but also by diversifying into complementary areas, including water hygiene and fire risk management. This will not only strengthen our proposition, but provide clients with a ‘one-stop-shop’ for key compliance services.”

It signals the start of an exciting growth phase for Environmental Essentials, as it looks to expand its geographical footprint and diversify its service offering. The additional equity funding has been committed to support future acquisitions. It takes BGF’s total investment in Environmental Essentials to £5.7 million.

Alex Sleeth, who joined the board of Directors back in early 2020 and has a wealth of experience in ‘buy and build’ within the sector, commented: “This is a really exciting time for the business, as we look to broaden our compliance service offering and complement our existing services in Asbestos and Health & Safety Training for our high-profile customers. With additional funding secured we are confident in our ability to deliver a comprehensive growth strategy for our clients, staff and shareholders.”

BGF investor, Jon Earl, added: “Since 2004, Richard and James have built up a strong reputation in asbestos management. The acquisition of Adams Environmental enables them to strengthen their position in important markets, such as listed buildings and education. Through an exciting buy and build strategy, the team will also be able to broaden their compliance offering to customers, with the additional funding strengthening their commitment to investing in proprietary technology, as well as training and development.”

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Certara Announces the Completion of Arsenal Capital Partners’ Investment and the Appointment of David Spaight to the Board of Directors

Arsenal Capital Partners

Arsenal closed the previously announced $449M stock purchase from funds controlled by EQT Private Equity

Princeton, N.J.- Certara, Inc. (Nasdaq: CERT) today announced that Arsenal Capital Partners (“Arsenal”), a private equity firm specializing in investing in and building transformational healthcare companies, closed its previously announced $449 million new investment in Certara. David Spaight, an Operating Partner at Arsenal, has been appointed to Certara’s Board of Directors, effective immediately. Stephen McLean, a Senior Partner at Arsenal, will continue to serve on Certara’s Board of Directors.

As previously announced, in a separate agreement with the company, Arsenal has agreed to a two-year lock-up prohibiting any sale of the newly purchased shares without company authorization, reflecting Arsenal’s commitment to being a long-term shareholder. Arsenal previously held a majority stake in the company through 2017 and has held a minority stake since Certara’s initial public offering in 2020.

“We are pleased with Arsenal’s continued support and confidence in Certara and welcome David Spaight to the Board of Directors,” said William F. Feehery, Chief Executive Officer of Certara. “David’s deep industry experience and expertise will be valuable to Certara as we continue to grow our impact on the global biopharmaceutical industry.”

Prior to joining Arsenal in 2016, Mr. Spaight served as the Chairman and CEO of WIL Research Laboratories, a leading pre-clinical CRO acquired by Charles River Laboratories, and, before that, as President of MDS Pharma Services, a global CRO serving all phases of pharmaceutical research and development. Mr. Spaight has also held senior leadership positions in Fisher Scientific and PerkinElmer.

“I am pleased to join Certara’s Board of Directors and bring my industry experience to a company that is transforming traditional drug discovery and development with biosimulation,” said Mr. Spaight. “I look forward to working with the Certara leadership team and Board of Directors to advance the company’s next phase of growth.”

In connection with the sale of the remaining Certara shares held by
funds controlled by EQT Private Equity, Eric Liu and Ethan Waxman have stepped down from the Board of Directors, effective immediately.

About Certara

Certara accelerates medicines using proprietary biosimulation software, technology, and services to transform traditional drug discovery and development. Its clients include more than 2,000 biopharmaceutical companies, academic institutions, and regulatory agencies across 62 countries.

Investor Relations Contact:
David Deuchler
Gilmartin Group
ir@certara.com

Media Contact:
Daniel Yunger
Kekst CNC
daniel.yunger@kekstcnc.com

Jackie Schofield
Prosek Partners
Pro-Arsenal@prosek.com

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