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EQT to acquire Constellation Cold Logistics, the third largest cold storage owner-operator in Europe

eqt
  • Constellation Cold Logistics (“Constellation”) provides temperature-controlled storage infrastructure to a wide-range of food producers via a network of 26 storage facilities across seven countries in Western Europe and the Nordics
  • The Company offers critical food preservation services that are essential to the modern food supply chain, helping to feed the world safely while reducing food waste
  • EQT will support Constellation as it looks to further entrench its market-leading position, execute identified M&A opportunities and deliver major expansion developments within Europe

EQT is pleased to announce that the EQT Infrastructure VI fund (“EQT”) has agreed to acquire Constellation Cold Logistics (“Constellation” or the “Company”) from Arcus Infrastructure Partners. Financial details are not disclosed.

Constellation was established in 2020 by Arcus Infrastructure Partners, which brought together three businesses located in Belgium, Norway and the Netherlands. Just four years later, Constellation today owns and operates 26 large cold storage facilities across seven countries in Western Europe and the Nordics. The London headquartered firm employs 700 people and is expected to generate revenues over EUR 150 million in FY24.

Constellation provides temperature-controlled storage capacity and complementary services to a wide range of food producers, traders and retailers. Its sites are located either close to clients’ production and processing premises or near critical logistics routes to major cities, ports or food hubs. By offering warehousing and value-added services in these strategic locations in an efficient, flexible and responsive manner, Constellation provides a critical service to its customers that ensures their supply and logistics chains remain smooth and safe.

The European cold storage market features strong underlying growth of around seven percent per year, driven by multiple factors. For one, growing populations are leading to a greater demand for food. At the same time, the popularity of frozen and chilled foods is growing as the sector and customers recognize how these categories reduce food waste and improve quality. Producers are also increasingly adopting outsourcing, just-in-case supply chain strategies, and value-added services as the industry matures.

EQT will support Constellation as it works to capture this attractive market opportunity. Led by deeply experienced CEO Carlos Rodriguez, the Company has already proven its ability to successfully execute M&A, having completed ten deals in the past four years. With EQT, Constellation will be able to further expand within its existing catchment areas and enter new countries, both organically and through consolidation of the highly fragmented European market. Additional investment will be made into Constellation’s automation and digital capabilities to solidify a stronger foundation for growth.

Francesco Malvezzi, Managing Director within the EQT Value-Add Infrastructure Advisory Team, said: “Constellation is one of the leading cold storage providers in Europe with an excellent track record of growth, both organically and through M&A. It offers strong diversification across geographies, customers and end-markets and has impressive service offerings, customer focus and facilities. We’re excited to start working with Carlos and the team to help build an even stronger platform for continued growth. With EQT’s expertise in owning infrastructure companies that provide inherent essential services to society, we’ll be able to support Constellation as it works to deliver safe, quality food to people across Europe.”

Carlos Rodriguez, CEO of Constellation, said: “In four short years, Constellation, with support from Arcus, has expanded into one of the largest cold storage players in Europe, enabling our clients to benefit from enhanced accessibility and efficiency in their supply chains. We will maintain an absolute focus on responsiveness and customer service together with our commitment to sustainability on our path to net-zero. We’re excited to continue implementing our 2030 strategic plan with the support of EQT, which brings strong infrastructure experience, global scale, and deep expertise in areas like sustainability and digitalization. I’d like to thank the Arcus team for its dedication to this point but, most of all, I’d like to thank all Constellation’s employees for their hard work and continuous support as the company evolves.”

The transaction is subject to customary conditions and approval. It is expected to close in October 2024.

EQT was advised by UBS (M&A), Roland Berger (commercial), Milbank (legal), PwC (financial, tax).

With this transaction, EQT Infrastructure VI is expected to be 40 – 45 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) based on target fund size and subject to customary regulatory approvals.

Contact
EQT Press Office, press@eqtpartners.com

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 Infrastructure VI 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 242 billion in total assets under management (EUR 132 billion in fee-generating 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
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About Constellation Cold Logistics

More info: https://www.constellationcold.com/

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Emilia Åberg appointed as Managing Director of CapMan for Good and Tukikummit foundations

Capman

The CapMan for Good foundation and the Tukikummit foundation have together appointed Emilia Åberg as their new Managing Director. Emilia brings the foundation over 15 years of marketing experience also including work with charity driven projects. She takes on the role after supporting the foundation with the successful #Steps4Tukikummit campaign organised this spring.

CapMan manages two foundations: The CapMan for Good Foundation and the Tukikummit Foundation. These two foundations have worked to support disadvantaged youth and increase wellbeing throughout society, mostly in Finland. CapMan carries on executing the ambitious targets set for both these foundations and to develop them further and into their full potential across the Nordics.

Transitioning to a new phase in our foundations requires a professional set of new tools and resources. CapMan is delighted to welcome Emilia Åberg as the Managing Director for both foundations, as Maija Ilmoniemi steps down from the role as Managing Director.

Emilia is a multitalent that has over 15 years of experience in global marketing, creating impact, sparking purpose via multiple charity driven projects and working with diverse groups of founders and innovators. A common thread in her work and projects has been the core meaning of bringing people together and working towards a bigger goal at large.  Emilia’s work will continue in her new assignment, as Emilia will fight against youth marginalisation through the work in our foundations.

“I am thrilled to welcome Emilia into CapMan, and the CapMan for Good and Tukikummit foundations. In the current economic situation, it is increasingly important to expand our reach and use our ability to create a positive impact in society, supporting our youth, wellbeing and entrepreneurship throughout society. In Emilia, we get an empathic, solution-oriented and present agent for our foundations who will help us take them to the next level and expand our impact. I also want to give my warmest thanks to Maija Ilmoniemi for her important contributions in developing these two organisations and wish her all the best for her future endeavours”, says Joakim Frimodig, Chair of the Board of CapMan for Good and Tukikummit foundations.

“I am very honoured to be working for these two foundations which both hold great history and potential to further expand their impact in Finland and the Nordics. This role brings a lot of responsibility and accountability towards our youth, which I attend to carry with pride and care”, shares Emilia Åberg, Managing Director of Tukikummit and CapMan for Good foundations.

Emilia Åberg is appointed as Managing Director of CapMan for Good and Tukikummit foundations. Emilia was appointed as of June 6th  2024. She works for the foundations on a part-time basis (50%) and will be located in CapMan’s Helsinki office.

About Tukikummit foundation

Tukikummit Foundation was started in 2007 by a concern of among others Sauli Niinistö, President of Finland, for young people who are at risk of falling outside our society. The foundation donates funds for children in need to support their hobby activities and school attendance. CaPS has been the engine for organising the most relevant annual donations for the foundation for many years already this year CapMan took over the responsibility to manage and operate the foundation altogether. Our revised vision is to grow Tukikummit into Finland’s most significant foundation in supporting children’s hobby activities. https://tukikummit.fi/

About CapMan for Good Foundation

CapMan for Good Foundation support causes and activities that positively impact education, entrepreneurship and health and well-being especially in disadvantaged parts of society. In practice the foundation organizes and coordinates individual projects and campaigns in which CapMan’s personnel and other stakeholders can participate and share their expertise and time. The vision is to broaden the pro bono activities in all CapMan offices and to offer all CapManians the possibility to participate in doing good by taking part in our various concepts. https://www.capmanforgood.org/

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

Categories: People

Take private of a leading digitalization enabler: Bregal Unternehmerkapital enters into a binding agreement to acquire Relatech

Bregal unternehmerkapital

Zug / Munich / Milan, June 20, 2024 – Funds advised by Bregal Unternehmerkapital (“BU”) execute a binding agreement aimed at acquiring a majority stake in Relatech S.p.A. (“Relatech” or “Company”), a leading B2B partner for digital transformation whose shares are listed on the Euronext Milan Growth. The acquisition is subject to customary closing conditions and regulatory approvals. Upon closing of the acquisition, a mandatory tender offer on the remaining shares of Relatech will be launched aimed at the delisting of the Company from the Euronext Growth Milan. The management will reinvest in the Company. 

Based in Italy, Relatech is a leading provider of digital enabler solutions operating in the fast-growing Digital Transformation, Industrial Automation and Cybersecurity markets. The Company supports customers in achieving their goals and redesigning their business models by providing innovative digital services and solutions leveraging key technologies, including Artificial Intelligence, Cloud, IoT, Cybersecurity, and Big Data. Relatech employs ~700 employees and serves a long list of Italian and International blue-chip customers in diversified end markets.

Relatech is the second platform investment of the new Bregal Unternehmerkapital IV fund, which closed in May 2024 at a record amount of €2.65 billion. In terms of fund volume and the number of partnerships with “hidden champions”, BU is one of the largest mid-cap investors in the DACH region and has also been active in Italy since 2021. BU has in-depth experience in working with growth-oriented business services and software companies. Together with Relatech, the aim is now to drive organic and inorganic growth. The focus will include new cross-selling initiatives, the increased expansion of cyber security offerings in the wake of new regulatory requirements for the industry as well as possible strategic acquisitions and process optimizations.

“Since our founding in 2001, Relatech has undergone a remarkable journey, and we are thrilled to announce the partnership with BU as a stepping stone in the Company’s continued success. With the support of BU, we look forward to accelerating growth organically and via acquisitions, extending our international reach and strengthening our position as customers’ partner of choice for digital innovation, thereby leading the Digital Renaissance. We look forward to the exciting opportunities that lie ahead and are confident that this new phase will bring unparalleled benefits to all our stakeholders”, said Pasquale Lambardi, Founder, Shareholder, Chairman and Chief Executive Officer of Relatech.

Valentina Pippolo, Partner and Country Head of BU Italy, added, “We are excited to partner with Pasquale Lambardi and Relatech’s management team to support its development through both organic and inorganic initiatives. The Company is a champion in digital innovation, as demonstrated by its growth over the past years. We intend to accelerate Relatech’s growth, both in Italy and abroad, strengthening its proposition to help customers become more competitive through digital solutions that boost efficiencies within their organizations.”

BU is assisted by Mediobanca, as financial advisor, Chiomenti, as legal advisor, A&M, as accounting advisor, Essentia, as debt advisor, Legance, as structuring advisor Deloitte, as tax advisor and Code & Co. as technology advisor.

About Bregal Unternehmerkapital
Bregal Unternehmerkapital (“BU”) is a leading investment firm with offices in Zug, Munich, and Milan. With €7.0bn in capital raised to date, BU is the largest mid-cap investor headquartered in the DACH region. The funds advised by BU invest in mid-sized companies based in Germany, Switzerland, Italy, and Austria. With the mission to be the partner of choice for entrepreneurs and family-owned businesses, BU seeks to partner with market leaders and “hidden champions” with strong management teams and outbreak potential. Since its founding in 2015, the funds advised by BU have invested in over 100 companies with more than 27,000 employees. Thereby, more than 7,700 jobs have been created. BU supports entrepreneurs and families as a strategic partner to develop, internationalize, and digitize their businesses, while helping them generate sustainable value on a responsible basis with the next generation in mind.For more information, please visit www.bregal.ch/ or follow us on LinkedIn.
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Press contact
Ira Wülfing / Florian Bergmann
IWK Communication Partner
bregal@iwk-cp.com
+49 89 2000 30 30Sandra Schäfer
Head of Marketing & Communications
sandra.schaefer@bregal.de
+49 89 435 715 007

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CapMan Residential Fund makes its second investment in Sweden through the acquisition of a forward funding project in Ursvik, Sundbyberg

Capman

CapMan Residential Fund makes its second investment in Sweden through the acquisition of a forward funding project in Ursvik, Sundbyberg

CapMan Residential Fund acquires a forward funding project in Ursvik, Sundbyberg. The project is situated 10 km north of Stockholm city center and comprises 289 rental apartments, an underground parking garage with 85 parking spaces and two small commercial premises. The project is acquired from Reliwe, and the development and construction will be managed by Reliwe and Consto with expected completion in early 2027. Ursvik is a strong location in one of Sweden’s fastest-growing municipalities and offers excellent public transport connections for the residents in the area, ensuring convenient commuting to Stockholm city center and major hubs like Kista, Arenastaden and Bromma.

The acquisition is the ninth investment for CapMan’s pan-Nordic core residential fund. The investment fits well with the fund’s strategy to invest in attractive locations in the largest Nordic cities and in assets with strong sustainability profiles.

The asset will be certified with BREEAM, the Nordic Swan Ecolabel and aims to be EU Taxonomy aligned. It will achieve an EPC rating of level B at minimum and feature both geothermal heating and solar panels. Additionally, the future tenants will be provided with parking spaces equipped with EV chargers in the parking garage and have access to a car and bicycle pool, offering convenient and
eco-friendly transportation options.

“We are excited to secure our second investment in Sweden for our residential fund, marking the first within the Greater Stockholm area. This high-quality project is a fantastic addition to the existing portfolio and aligns well with the fund’s strategy to further expand its presence in Sweden. The strong sustainability profile of the project demonstrates our commitment to responsible investing,” says Pontus Danielsson, Investment Associate at CapMan Real Estate.

Since its inception in 2021, the open-ended core residential fund has successfully raised and invested nearly €1 billion of equity and aims to reach €2 billion by 2026. “We are excited about this investment and look forward to continue expanding our portfolio in Sweden and throughout the Nordics in the years ahead,” comments Magnus Berglund, Partner and Head of CapMan Real Estate Sweden and Norway.

“Our strong focus on asset quality and market selection gives us flexibility in different market conditions. We have built a dedicated investment and operating platform focused on the residential sector that enables us to develop properties at scale. As a developer, we are excited to continue supporting CapMan’s accelerated growth in the years ahead. We are impressed by the operating team at CapMan and look forward to working closely with them while delivering a fantastic residential project in Ursvik,” adds Gurmo Endale, Partner at Reliwe.

CapMan Real Estate manages approximately €4.4 billion in real estate assets, with a team of over 80 professionals located in Helsinki, Stockholm, Copenhagen, Oslo, London and Jyväskylä.

For further information, please contact:

Magnus Berglund, Partner and Head of CapMan Real Estate Sweden and Norway, +46 70 786 68 08

Pontus Danielsson, Investment Associate at CapMan Real Estate, +46 70 385 58 00

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

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CapMan Real Estate signs 20-year lease agreement with Nobis in Stockholm

Capman

CapMan Real Estate signs 20-year lease agreement with Nobis in Stockholm

CapMan Real Estate and Nobis Hospitality Group have entered a 20-year lease agreement for a new hotel operation in the Royal Haga project in Stockholm. The historic property Solna Kasernen 1 will become a unique facility with a hotel, restaurant, spa, conference rooms and offices.

The property is located in Hagaparken in Stockholm, offering an excellent location by Brunnsviken with proximity to both nature and the city. CapMan will initiate an extensive refurbishment to create a unique world-class destination hotel, and the facility is expected to open after the summer of 2025. The historic building was constructed between 1917-1922 as a military regiment and has previously been used as office space and for hotel operations. The newer part of the hotel was built in the 1990s and has been renovated in various stages. Kasernen 1 was named after the military activities conducted on the property until the early 1970s.

A destination for all purposes

When renovated, the hotel will have 215 rooms, large social areas, and a fantastic spa facility that will be one of the largest in Sweden with an accompanying wellness club. A high-standard restaurant will also be part of the hotel and open to both hotel guests and the public.

“We are excited to finally announce that Nobis will operate the hotel and attract new visitors to Royal Haga. We look forward to taking the next step for this historic building by offering fantastic facilities for future tenants and visitors. We see enormous potential in the property, combined with its unique and beautiful location in Hagaparken in Stockholm”, says Kajsa Bagler at CapMan.

“We are happy to collaborate with CapMan on this project. This hotel facility has a huge potential, and we are looking forward to creating a destination that will offer high-quality experiences”, says Alessandro Catenacci, owner of Nobis Hospitality Group.

CapMan will completely refurbish the property to elevate the hotel to a high international standard. Demolition and reconstruction work has already begun and will resume in full scale after the summer. When acquiring the property in the fall of 2022, CapMan identified investments to make the property more energy-efficient, and this work will continue until the new facility opens to the public. The green transition will enable the building to be certified according to BREEAM In-Use.

CapMan and Nobis plan to present more detailed information about the upcoming destination hotel during the fall of 2024. Further information about the facility will be communicated continuously, including the opening date, official names of the hotel and office, and illustrative concept material for the new operations.

If you are interested in leasing an office with comprehensive services available within the building, please contact Kim Grüneberger at +46 72 161 14 42. For more information, please visit www.royalhaga.se/office.

CapMan Real Estate manages approximately €4.4 billion in real estate assets, with a team of over 80 professionals located in Helsinki, Stockholm, Copenhagen, Oslo, London and Jyväskylä. The property Solna Kasernen 1 was acquired by the CapMan Nordic Real Estate III Fund in 2022.

For further information, please contact:

Kajsa Bagler, Investment Manager, CapMan Real Estate, +46 76 850 98 94

Magnus Berglund, Partner, Head of CapMan Real Estate Sweden and Norway, +46 707 866 808

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

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Our Series A in Decagon: Bringing Human-Like AI to Enterprise Customer Operations

Accel

Today we’re announcing our Series A in Decagon, an AI company powering a new generation of customer operations.

The promise of customer experience automation has been just around the corner for years. We’ve seen the industry go through many transitions from branching scripts to chat widgets, and yet it continues to be a human-in-the-loop process rife with mistakes, latency, and overall poor NPS. Mix together the broadening, global customer base that companies like Rippling, Vanta, and Eventbrite (all current Decagon customers) serve today with each company’s own expanding portfolios of products, and one can appreciate the compounding problem of delivering customer services like support, success, sales, and onboarding. It’s not getting easier.

Decagon flips the problem on its head with an AI-native solution that mirrors human capabilities and accelerates every layer of the customer operations stack. Decagon’s agents don’t just respond to customer inquiries, they proactively analyze conversations to understand insights, file bug reports, synthesize feature gaps, and even take actions on behalf of customers. In turn, engineers get the right bug reports, UX sees real-time visibility issues — and most importantly, customer issues are resolved in a fraction of the time and cost.

We’ve known Jesse and Ashwin for many years, and have seen first hand the intensity and intuition they apply to even the most unique product and company building problems. As second-time founders of both consumer and enterprise startups, they deeply understand what it means to be customer-obsessed. That’s critical, because we’re in an era of software where computer science fundamentals matter again, but founders must stay grounded in real customer problems. The winners won’t just be the ones with the biggest billboards — the winners will blend these new technical forces with deep customer understanding.

We couldn’t be more excited to partner with Decagon to redefine how companies engage with their customers. We’re hiring high-agency, passionate teammates now. Come join us!

– Ivan Zhou

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Platinum Equity’s Credit Team Provides Term Loan to Westfall Technik

Platinum

LOS ANGELES (June 13, 2024) – Platinum Equity announced today it provided a First-Lien Term Loan to Westfall Technik to refinance existing indebtedness and support future growth of the business.

Westfall Technik is a vertically-integrated manufacturer of injection molded plastic components that primarily serves the healthcare and consumer packaged goods end markets. The company provides design, tooling, molding and assembly capabilities to service the complete lifecycle of molded plastic parts.

 

“We are pleased to have delivered speed and certainty for Westfall Technik at a time when the market remains complex for middle-market borrowers. We have a lot of experience in the manufacturing and packaging sectors. That industry knowledge combined with Platinum’s partnership-focused approach allowed us to create and underwrite a financing solution that is uniquely tailored to the borrower’s needs.”

Jacob Kotzubei and Louis Samson, Co-Presidents, Platinum Equity

Westfall Technik is owned by Lee Equity Partners and BlackBern Partners.

“We are pleased to have delivered speed and certainty for Westfall Technik at a time when the market remains complex for middle-market borrowers,” said Platinum Equity Co-Presidents Jacob Kotzubei and Louis Samson in a joint statement. “We have a lot of experience in the manufacturing and packaging sectors. That industry knowledge combined with Platinum’s partnership-focused approach allowed us to create and underwrite a financing solution that is uniquely tailored to the borrower’s needs.”

The Westfall Technik financing is led by Platinum Equity’s dedicated credit team, which seeks opportunities to provide debt capital to companies for a variety of uses, including acquisitions, refinancings and recapitalizations.

“Our goal is to serve as a real strategic partner and deploy Platinum’s financial and intellectual capital to add material value for borrowers and their sponsors,” said Platinum Equity Managing Director and Global Head of Credit Michael Fabiano. “We think Westfall is a great fit for our approach. The company has a well-diversified customer base, impressive scale and operates in markets we know well. We are excited to partner with Lee Equity and BlackBern to support Westfall Technik’s growth and evolution.”

Platinum’s credit team targets companies that generally have $15 to $75 million of EBITDA and are primarily based in North America.

“Our credit team is actively looking for additional opportunities to support borrowers and their sponsors as they pursue their strategic objectives,” added Fabiano.

Houlihan Lokey acted as the sole lead placement agent to Westfall Technik.

About Platinum Equity

Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $48 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 28 years Platinum Equity has completed more than 450 acquisitions and debt financings.

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CapMan Real Estate announces strategic promotions and new role to bolster Nordic asset management

Capman

CapMan Real Estate announces strategic promotions and new role to bolster Nordic asset management

CapMan Real Estate makes key organisational enhancements including the introduction of a new leadership role to streamline Nordic asset management operations and support continued expansion.

Over recent five years, CapMan Real Estate has experienced substantial growth, with gross asset value under management surging by over €1 billion, reaching approximately €4.4 billion. The pan-Nordic team has also seen significant growth, now comprising nearly 80 professionals. To ensure smooth and efficient operations that support future growth, the company has made key organisational enhancements.

Effective 1 June 2024, Juhani Erke steps into the role of Chief Asset Management Officer (CAMO), overseeing asset management operations across the Nordic region. A CapMan team member since 2005, Erke will continue to serve on the CapMan Real Estate investment committee alongside CEO Mika Matikainen, CIO Torsten Bjerregaard, and COO Ilkka Tomperi. Erke’s extensive background in asset management and his long tenure as Head of Finland made him a perfect fit for this new position.

“CapMan Real Estate’s commitment to a fully vertically integrated business model, complete with an in-house asset management team, has been a cornerstone of our operations. The current expansion necessitates enhanced coordination of asset management activities across the Nordics. I am eager to collaborate with our local teams to foster a more streamlined asset management framework,” stated Erke.

With Erke’s transition to CAMO, Aleksi Konsti will assume the roles of Deputy Head of Finland and Head of Transactions, Finland, starting 1 October 2024. Erke will maintain his position as Head of Finland during the interim period.

Concurrently, CapMan Real Estate has promoted Investment Directors Marcus Lotzman and Hasse Wulff to the newly established positions of Head of Transactions Sweden and Head of Transactions Denmark, respectively, starting 1 June 2024. Their extensive experience and tenure at CapMan are invaluable assets to their new roles.

Magnus Berglund and Peter Gill will continue as Head of Sweden and Norway and Head of Denmark, respectively. Additionally, Anna Rannisto has been promoted to Sustainability Director, effective 1 April 2024. Under her capable leadership, CapMan Real Estate has made significant strides in establishing its sustainability objectives and effectively implementing its strategic plan.

“These strategic appointments and our recent talent acquisitions are instrumental in sustaining our growth trajectory. They enhance our ability to leverage the collective expertise of our Nordic team, fostering greater knowledge exchange and collaboration across CapMan Real Estate’s offices,” added Ilkka Tomperi, COO of CapMan Real Estate.

For further information, please contact:

Ilkka Tomperi, COO, CapMan Real Estate, +358 50 379 1903

Juhani Erke, CAMO and Head of CapMan Real Estate Finland, +358 50 549 5104

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

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Actylis Announces Appointment of Scott Thomson as Chief Executive Officer

New Mountain Capital

Company Continues Expansion of Integrated Global Specialty Ingredients Manufacturing and Sourcing Strategy

PORT WASHINGTON and NEW YORK, NY [BUSINESS WIRE] – Actylis, a leading global manufacturer and sourcing expert of critical materials and performance ingredients for the life sciences and specialty chemicals markets, today announced the appointment of Scott Thomson as Chief Executive Officer. Scott has a three-decade track record in the pharmaceutical and chemical industries, most recently as CEO of SPI Pharma, a leading global provider of pharmaceutical ingredients, systems and services, where he helped lead the sustainable improvement of its strategic development and execution. Prior to SPI Pharma, Scott was a senior executive at BASF and was responsible for several global life science and specialty ingredients businesses.

“Scott has an impressive tenure of driving long-term growth, and we look forward to welcoming Scott as we bring our client-centric, flexible customer service model and extensive product offerings to an increasing number of geographies, customers and applications,” said Rakesh Sachdev, Chairman of Actylis. “We also want to thank Gilles Cottier for his leadership as CEO of Actylis over the last five years and wish him well in his retirement.”

Joe Walker, Managing Director at New Mountain Capital, said, “Since New Mountain’s investment in 2019, Actylis has transformed into a leading manufacturer and distributor of key ingredients in pharma, biopharma, nutritional, agri-science, cosmetics and specialty chemicals markets, completing seven acquisitions and substantially expanding the company’s global reach. We are excited for Scott to leverage and accelerate Actylis’ strong growth trajectory with increasing emphasis on high growth end markets and products.”

Andre Moura, Managing Director at New Mountain Capital, added, “Actylis has tremendous runway for sustainable growth due to its strong value proposition and market positioning. We are thrilled to invest further and support Scott and the management team to realize the company’s long-term strategic vision.”

Actylis offers standard and custom ingredients through a rapidly growing portfolio of GMP and non-GMP facilities worldwide, as well as through the company’s strong sourcing partner network. Actylis’ hybrid manufacturing and global sourcing model for ingredients and raw materials delivers the most flexible and reliable solutions for its customers’ unique manufacturing requirements, supported by industry-leading standards of quality documentation and regulatory compliance.

Scott Thomson, CEO of Actylis, commented, “I feel privileged to lead the Actylis team at this exciting juncture, and I look forward to partnering with our customers, Actylis’ management and employees, and New Mountain to grow and further develop Actylis’ offerings. There is significant opportunity to accelerate the company’s growth and I look forward to building upon the company’s achievements to date both organically and inorganically.”

About Actylis

Actylis is a leading global manufacturer and sourcing expert of critical materials and performance ingredients for the life sciences and specialty chemicals markets. Actylis has a presence in 10 countries spanning three continents and offers more than 4,000 products supported by over 800 employees. Actylis has more than 75 years of manufacturing and sourcing experience across both GMP and non-GMP facilities and offers customers the flexibility to choose from a wide range of individualized solutions, all backed by the same world-class quality, supply chain reliability and regulatory expertise. Its capabilities encompass the entire R&D, product development and manufacturing spectrum, including technical sales support, R&D, manufacturing and production, quality, supply chain, global sourcing, and regulatory compliance. Actylis serves pharmaceutical, biopharmaceutical, nutritional, cosmetics, agri-science and specialty chemical end markets. The company is headquartered in Port Washington, New York. https://actylis.com/

About New Mountain Capital

New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, credit and net lease investment strategies with approximately $50 billion in assets under management. New Mountain Capital seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit https://www.newmountaincapital.com/.

Media Contact:

Actylis

Paul Staunton

pstaunton@actylis.com

New Mountain Capital

Dana Gorman

H/Advisors Abernathy

dana.gorman@h-advisors.global

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Ardian enters into revised agreement with Ferrovial to acquire a 22.6% stake in Heathrow

Ardian

This statement should be read in conjunction with Ferrovial’s statements issued November 28th 20231 , January 16th 20242  and June 14th 2024, and by Ardian on November 29th 20233.

Ardian, a world-leading private investment house, today announces that it has entered into a revised agreement to acquire a c. 22.6% stake in FGP Topco Ltd. (TopCo), the holding company of Heathrow Airport Holdings Ltd., from Ferrovial S.E. and certain other TopCo shareholders.

In November 2023, Ardian announced that it had entered into an agreement to acquire 15% of TopCo from Ferrovial.  In January 2024, certain shareholders of TopCo (the Tagging Shareholders) elected to exercise their tag along rights in respect of shares representing 35% of the share capital of TopCo.

The parties have been working towards satisfaction of the condition for the sale of the Tagged Shares to be sold alongside Ferrovial’s shares.  Following constructive discussions, Ardian has entered into a revised agreement to acquire c. 22.6% of TopCo from Ferrovial and certain of the Tagging Shareholders (together, the Sellers).  Under the terms of the revised agreement, infrastructure funds managed and advised by Ardian will acquire c. 22.6% while Saudi Arabia’s Public Investment Fund will acquire c. 15.0% of TopCo concurrently from the Sellers, through separate vehicles.  Each of the Sellers will sell a pro rata portion of their shares prior to the transaction and remain as continuing shareholders of TopCo.  Following completion of the transaction, the Sellers will retain shares representing 10.0% of the issued share capital of TopCo, in the same pro rata proportions.

Ardian is pleased to have worked closely with the parties to find this revised agreement and reiterates its strong commitment to investing the UK.

Ardian actively supports its assets to accelerate their transformation by leveraging data and new technologies to reduce emissions, creating new, more sustainable revenue sources, becoming more independent and resilient to external shocks, and improving their impact on both local and global environments. Through Ardian AirCarbon, an in-house pioneering solution that supports airports in their sustainability strategy towards net-zero by monitoring their carbon emissions and running simulations on decarbonization trajectories, Ardian aims to accelerate the decarbonization of the whole sector.

The transaction is subject to complying with right of first offer and full tag-along rights which may be exercised by the other TopCo shareholders pursuant to the Shareholders’ Agreement and the Articles of Association of TopCo. In addition, completion of the acquisition under the agreement is subject to the satisfaction of applicable regulatory conditions.
1  https://newsroom.ferrovial.com/en/press_releases/ferrovial-announces-agreement-to-sell-stake-heathrow/
2 https://newsroom.ferrovial.com/en/press_releases/tag-along-rights-exercise-in-the-framework-of-the-agreement-for-the-sale-of-heathrow/
3 https://www.ardian.com/news-insights/press-releases/ardian-enters-agreement-ferrovial-acquire-15-stake-heathrow

ABOUT ARDIAN

Ardian is a world-leading private investment house, managing or advising $166bn of assets on behalf of more than 1,600 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’s main shareholding group is its employees and we place great emphasis on developing our people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 19 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.
Through its direct infrastructure investment activities, Ardian has significant experience in owning and operating European airports. In the UK, Ardian was a 49% shareholder of London Luton Airport from 2013 until 2018. During Ardian’s period of ownership, a significant redevelopment of the terminal, transport links and infrastructure was successfully completed in close cooperation with Luton Borough Council. In Italy, Ardian is an indirect shareholder of Milan Linate, Milan Malpensa, Naples and Turin airports alongside their regions and municipalities.
At Ardian we invest all of ourselves in building companies that last.

PRESS CONTACT

5654

LIZ MORLEY

liz.morley@5654.co.uk+44 (0) 7798683108

PRESS CONTACT

5654

BEN THORNTON

ben.thornton@5654.co.uk+44 (0) 7793056329

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