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DIF Capital Partners raises EUR 6.8 billion for its latest infrastructure funds

DIF

The successful fund raisings for DIF VII and CIF III represent a 50% increase compared to the prior funds.

DIF Capital Partners (DIF), a leading global infrastructure fund manager, is pleased to announce it has raised EUR 6.8 billion for its latest infrastructure funds with final closes across DIF Infrastructure VII (DIF VII) EUR 4.4 billion, DIF Core-Plus Infrastructure Fund III (CIF III) EUR 1.6 billion, and certain Co-investment vehicles EUR 0.8 billion.

DIF experienced strong investor demand from both existing and new institutional investors across the globe, enabling both DIF VII and CIF III to exceed their target fund sizes of EUR 4.0 billion and EUR 1.5 billion respectively. Total commitments for the predecessor funds (DIF VI and CIF II) equaled EUR 3.0 billion and EUR 1.0 billion.

DIF VII targets infrastructure investments, often concession-based or with long-term offtake agreements offering stable and predictable cash flows as well as attractive risk-adjusted returns. Sectors covered are transportation, (renewable) energy, digital infrastructure as well as utilities.

CIF III targets investment opportunities with strong growth potential. It focuses on a broad range of infrastructure sectors including digital infrastructure (specifically datacenters and fibre), energy transition as well as sustainable transportation.

Both fund strategies target a mix of operational and greenfield investments and predominantly focus on Europe and North America.

The funds received commitments from a diverse institutional investor base of more than 110 investors across Europe, the Americas, Asia, and the Middle East, including public and private pension plans, sovereign wealth funds, insurance companies, financial institutions, foundations, and private wealth investors.

Wim Blaasse, CEO at DIF Capital Partners, said: “We are extremely grateful to our investors for their trust and support, and this successful fundraising reinforces DIF’s leading position in the infrastructure market.

In addition, we are excited by the journey ahead as we team up with CVC, and accelerate the growth of our investment capabilities, our geographic reach, and lever the CVC network”.

Gijs Voskuyl, Deputy CEO at DIF Capital Partners, said: “An ever growing demand for infrastructure capital provides an exciting investment opportunity for us, and with our investment track record and experienced teams on the ground across our network of offices in eleven countries, we are confident we can use this capital to take advantage of attractive investment opportunities.”

To date, both funds have invested or committed to nine investments each, thereby deploying around 50% of total commitments. For DIF VII this includes investments in Saur, a global water solutions provider, Fjord1, a Norwegian electric ferry concessions operator and Green Street Power Partners, a US distributed solar developer/IPP. For CIF III this includes investments in metrofibre, a German urban fibre roll-out platform, Tonaquint, a US datacenter platform and Rail First, an Australian rail leasing business.

 

About DIF Capital Partners

DIF Capital Partners is an infrastructure fund manager with more than EUR 17 billion of assets under management. DIF was founded in 2005 and has a leading position in managing mid-market investments, primarily in Europe and North America.

DIF follows two strategies: its traditional DIF funds invest in infrastructure projects and companies in the energy transition (incl. renewables) and utilities sector, as well as concessions. The firm’s CIF funds invest in companies with strong growth potential that are active in infrastructure sectors such as digital infrastructure, energy transition and sustainable transportation.

With a team of over 240 professionals in 11 offices, DIF offers a unique market approach combining global presence with the benefits of strong local networks and investment capabilities. DIF is located in Amsterdam, Frankfurt, Helsinki, London, Luxembourg, Madrid, New York, Paris, Santiago, Sydney and Toronto.

In September 2023, CVC, a leading global private markets manager, announced that it would be acquiring a majority stake in DIF Capital Partners. Closing of the transaction is subject to regulatory approvals and is expected in Q2 2024.

For more information, please visit www.dif.eu or follow us on LinkedIn.

 

Press contact:

DIF Capital Partners: press@dif.eu

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Tikehau Capital appoints Margaux Buridant and Célia Hamoum Co-Heads of Private Wealth Solutions

Tikehau

Tikehau Capital, the global alternative asset management group, today announced the
appointment of Margaux Buridant and Célia Hamoum as Co-Heads of Private Wealth
Solutions (“PWS”), the Group’s specialised entity dedicated to family offices and high
net worth individuals.

These appointments underscore Tikehau Capital’s commitment to enhancing its offer for private
investors, who are increasingly seeking access to private funds.
In 2021, Tikehau Capital established a Private Wealth Solutions Group (PWS) within its sales and
marketing division with the goal of improving direct access to Group funds for family offices and high
net worth individuals worldwide. This strategic move aimed to cater to a burgeoning client segment that
is progressively more sophisticated and inclined to increase its allocation to alternative assets.
The PWS entity enhances Tikehau Capital’s existing coverage of intermediary private clients provided
by Private Banks, Independent Financial Advisors (IFAs), and unit-linked insurance contracts.
Margaux Buridant joined Tikehau Capital on February 22nd, 2024, and will be based in New York.
Bringing 15 years of expertise in Wealth Management, she specialises in offering high-end private
clients investment advisory services and portfolio management.

In her role, she will develop and structure Private Wealth Solutions (PWS), overseeing the existing
team, to expand Tikehau Capital’s global business with Entrepreneurs, High Net Worth Individuals,
Family Offices, and North American Private Banks.
Prior to joining Tikehau Capital, Margaux served at Bank of the West (BNP Paribas, and more recently
BMO) in New York as a Senior International Wealth Strategist and Wealth Management Regional
Manager. Before that, she began her career as a Notary in France, later transitioning to legal services
as a Managing Director at Colombus Consulting Group NY.

Margaux holds a master’s degree in business & law and a Notaire diploma from Aix-en-Provence
University, as well as a US International Tax certification from New York University.
Célia Hamoum is based in Paris. She started her career with Tikehau Capital in 2015 and has been
instrumental in driving the firm’s expansion in Private Wealth ever since. Initially, she spent six years in
the Sales Distribution team as a sales representative focused on Independent Financial Advisors (IFAs),
banks, and asset managers. In 2021, she transitioned to the Private Wealth Solutions team,
concentrating on serving private clients and family offices in France, Belgium, and Luxembourg.
Célia holds a bachelor’s degree in finance from EDHEC Business School and a Master’s in Portfolio
Management from IAE Paris-Est.

Antoine Flamarion and Mathieu Chabran, co-founders of Tikehau Capital declared:
“We are delighted to welcome Margaux and congratulate Celia on their appointments to these
leadership roles. Given that Private Wealth Solutions is a pivotal area of growth for Tikehau Capital,
having an integrated team covering Entrepreneurs, High Net Worth Individuals, and Family Offices
globally across the firm’s strategies and solutions will ensure optimal service delivery. As we embark
on a new phase of expansion, we extend our best wishes to Margaux and Celia for success in this
new chapter”.

ABOUT TIKEHAU CAPITAL
Tikehau Capital is a global alternative asset management group with €43.2 billion of assets under management
(at 31 December 2023).
Tikehau Capital has developed a wide range of expertise across four asset classes (private debt, real assets,
private equity and capital markets strategies) as well as multi-asset and special opportunities strategies.
Tikehau Capital is a founder led team with a differentiated business model, a strong balance sheet, proprietary
global deal flow and a track record of backing high quality companies and executives.
Deeply rooted in the real economy, Tikehau Capital provides bespoke and innovative alternative financing solutions
to companies it invests in and seeks to create long-term value for its investors, while generating positive impacts
on society. Leveraging its strong equity base (€3.2 billion of shareholders’ equity at 31 December 2023), the firm
invests its own capital alongside its investor-clients within each of its strategies.
Controlled by its managers alongside leading institutional partners, Tikehau Capital is guided by a strong
entrepreneurial spirit and DNA, shared by its 758 employees (at 31 December 2023) across its 15 offices in Europe,
Middle East, Asia and North America.
Tikehau Capital is listed in compartment A of the regulated Euronext Paris market (ISIN code: FR0013230612;
Ticker: TKO.FP). For more information, please visit: www.tikehaucapital.com.

PRESS CONTACTS:
Tikehau Capital: Valérie Sueur – +33 1 40 06 39 30
UK – Prosek Partners: Philip Walters – +44 (0) 7773 331 589
USA – Prosek Partners: Trevor Gibbons – +1 646 818 9238
press@tikehaucapital.com

SHAREHOLDER AND INVESTOR CONTACTS:
Louis Igonet – +33 1 40 06 11 11
Théodora Xu – +33 1 40 06 18 56
shareholders@tikehaucapital.com

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Fremman Capital Enters Into A Put Option Agreement To Acquire Innovative Beauty Group, A Pioneering Turn-Key Solution Provider Servicing Retailers And Brands In The Beauty And Personal Care Space

Fremman

Fremman Capital (“Fremman”) is pleased to announce the execution of a put option agreement to acquire Innovative Beauty Group (“IBG”), a Beauty and Personal Care service provider, part of the Albéa group.

The Company offers its clients a 360-degree product development service, with end-to-end product management capabilities addressing the more complex aspects of bringing a product to market, including the ideation of the product, formulation, filling, packaging solutions and marketing.

IBG leverages its extensive global network, with 10 offices across three different continents, to provide local expertise to its +200 customers. With creative and sourcing capabilities across North America, Europe, and Asia, IBG’s 300 employees offer unrivalled expertise across the entire Beauty and Personal Care value chain, acting as a true value-added partner to its customers.

Xavier Leclerc de Hauteclocque, CEO of IBG, said: “We look forward to this next stage of growth together with Fremman as a new shareholder. We operate in an exciting and fast- growing market with a great opportunity to scale up presence and capabilities across geographies, product categories and customer segments and further elevate our value-add and quality, following our vision to provide the best service to our clients.”

Olivier de Vregille, founding partner of Fremman, said: “We look forward to working with Xavier and his team to accelerate the growth of the company. We have been following this industry for a long time and we strongly believe in the innovative IBG model which disrupts the traditional Beauty and Personal Care supply chain while driving excellence and best results for all stakeholders.”

Subject to final closing of the contemplated transaction, Fremman will have 8 platform investments in its debut fund, which closed in 2023 having raised over €600 million. Since inception in 2020, the firm has completed six platform investments in highly growing markets: Bollo Natural Fruit (Spain), VPS (Netherlands), Medinet (UK), Palex Medical (Spain), Kids Planet (UK), and Connexta (Germany), and more than 50 add-on investments. The Fund has also recently signed the acquisition of HT Médica, one of the leading radiology operators in Spain.

The contemplated transaction is subject to the consultation of the relevant employee representative bodies of the Albea group.

About IBG

IBG is a Beauty and Personal Care service provider, helping businesses create quality beauty products. The Company covers the entire value chain, offering a wide spectrum of solutions from design to formulation, packaging and marketing. IBG has an international team of over 300 people across 10 locations worldwide. For more information about IBG please visit: https://innovativebeautygroup.com/

About Fremman

Fremman is a pan-European, mid-market investment firm with offices in London, Luxembourg, Madrid, Munich and Paris that looks to partner with successful management teams to help transform businesses from local champions to multinational sustainable leaders. Its senior Partners have a long history working together, with over 100 years of combined investment experience. Fremman’s goal is to build better, more sustainable businesses that have a positive impact on society.

For more information about Fremman please visit: https://fremman.com/

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Cibus Capital raises USD 600m to invest in the sustainable food and agriculture transition

Cibus Capital

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4 March 2024, LONDON UK – Cibus Capital LLP (‘Cibus’), the specialist investment advisory firm focused on sustainable food and agriculture, is pleased to announce the successful close of its second mid-market private equity fund, Cibus Fund II (‘CF II’) with over USD 510 million in commitments, and its second venture fund, Cibus Enterprise Fund II (‘CE II’) with over USD 135 million in commitments.

The fundraise attracted investment from a diversified investor base consisting of returning and new participants. Investors in the two funds include Los Angeles County Employee Retirement Association (‘LACERA’) and Retail Employees Superannuation Trust (‘Rest’), one of Australia’s largest profit-to-member superannuation funds, amongst other major institutional investors.

“Rest expects our investment in Cibus Fund II to deliver long-term value for our members while growing our exposure to companies at the forefront of sustainable agriculture practices. It also brings us closer to our target of achieving a one per cent allocation to impact investments across our total portfolio by 2026,” said Rest’s Head of Responsible Investment & Sustainability, Leilani Weier.

CE II invests in late-stage venture through innovative companies driving technologies with the potential to disrupt food production or processing, increasing resource efficiency and sustainability. The Fund has already made ten investments across sectors, including robotics, precision chemistry for crop protection, and natural capital.

Rob Appleby, Founder and CIO of Cibus Capital comments: “Farmers and landowners have taken centre stage in the debate about food security and environmental conservation. This coincides with a clearer view of the risks and opportunities faced by investors and stakeholders alike in food production. We thank our original supporters and those looking at Cibus for the first time, for the support they have provided us as we direct capital to those companies contributing to carbon reduction, increasing biodiversity and making compelling financial returns.

Alastair Cooper, Head of Venture of Cibus Capital comments: “Agri-Food Technology provides the potential for unprecedented positive change across resource efficiency, GHG emissions, biodiversity, food security, human health and animal welfare. We are excited about the possibilities to come, deploying capital to innovative companies supporting the technological revolution much needed in our food system.”

 

—END—

About Cibus Capital LLP

Cibus Capital LLP is the London-based investment advisor to the Cibus funds. The Cibus funds partner with food and agriculture companies that provide investors with a risk-adjusted return on capital and a sustainable competitive advantage. Cibus has raised over USD 1bn to invest in two strategies: mid-market growth/buyout investments in food production and processing businesses and late-stage agrifood technology companies. For more information visit cibusfund.com.

For more information, please contact:
Montfort Communications
+44(0)7752 329 851
cibus@montfort.london

 Legal References and Disclaimer: 

References herein to  “Cibus Fund II” are references to Cibus Fund II LP; “Cibus Enterprise Fund II” refers to Cibus Enterprise Fund II LP, which are both managed by Cibus Investments II Limited and advised by Cibus Capital LLP.  References to “Cibus” are to Cibus Capital LLP.  None of Cibus or Cibus Investments Limited make any representation as to the accuracy, reliability or completeness of this Press Release. This release does not constitute an offer to subscribe for interests in the Cibus funds or any other actual or prospective fund advised by Cibus Capital LLP.

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TA Appoints Arthur Price as General Counsel

TA associates

BOSTON, MA – March 5, 2024 – TA Associates (“TA” or the “Firm”), a leading global private equity firm, today announced the appointment of Arthur Price as the Firm’s General Counsel, effective immediately. Price succeeds Jeffrey C. Hadden, who will assist with Price’s onboarding before he transitions into retirement and his new role as a Senior Advisor to the Firm.

Based in TA’s Boston office, Price will be responsible for all legal matters across the Firm and portfolio, working closely with senior leaders to manage legal and regulatory risks and assist with corporate governance matters. He will report to Jennifer Barbetta, Chief Operating Officer and Managing Director.

“I am thrilled to join TA and greatly respect its commitment to collaboration, respect and responsibility to its portfolio companies and investors,” said Price. “I look forward to leading TA’s legal function and working with TA’s impressive team to contribute to the Firm’s operational efficiency.”

Price joins TA from Thomas H. Lee Partners, where he served as a managing director, Chief Compliance Officer and Assistant General Counsel. Prior to Thomas H. Lee Partners, Price was an attorney at Ropes & Gray LLP, where he focused on securities offerings, mergers and acquisitions and general corporate representation.

“Arthur brings a wealth of knowledge and strong expertise in navigating the evolving legal and regulatory landscape. His guidance and experience make him a valuable addition to the Firm, and we are delighted to welcome him,” said Ajit Nedungadi, Chief Executive Officer at TA. “We also thank Jeff for his leadership in this role over the past decade and look forward to his continued partnership as a Senior Advisor to TA.”

Price holds a B.A. in International Relations from Georgetown University and a J.D. from Georgetown Law School.

About TA
TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries—technology, healthcare, financial services, consumer and business services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has over 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. More information about TA can be found at www.ta.com.

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Bene Bono closes a funding round of 10 million euros

AXA

Bene Bono closes a funding round of 10 million euros to accelerate the fight against food waste at its source and to become the undisputed leader in the European market.

As a service of sustainable groceries, Bene Bono saves farmers and manufacturers products from waste, to offer them to its clients at a cheaper price. The company marks a significant milestone in its green and social commitments. The foodtech player announces a 10 million euro fundraising led by AVP (AXA Venture Partners) with the participation of 2050 and historical investors (Stride VC and Project A).

1- Bene Bono: a strong appetite for combating waste at its source

As 1.6 billion tons of food are lost or wasted each year (BCG study), Bene Bono intends to fight this number for good. The company has already saved more than 2,600 tons of products. Their magical recipe? Selling all the good products that do not fit aesthetic or logistical standards. Since 2020, Bene Bono has thus been helping organic farmers and manufacturers in selling their qualitative products directly to consumers.

This way, the brand has provided access to organic, local, and seasonal fruits and vegetables, as well as over 500 grocery items that also need to be saved, such as grocery food, drinks, wines, beers, sweets, hygiene, beauty, and cleaning products, all at a discount up to 40%.

The service now covers nearly 300 cities in France, following its recent expansion to Toulouse and Bordeaux, in addition to the four metropolitan areas where it was already active (Paris, Lyon, Marseille, Lille, and their surroundings). This growth has led to the preparation of several thousand orders per week for the benefit of 30,000 active clients in 2023, three times more than the year before.

While food price inflation, reaching 21% over the last two years(1), would prevent 9 million French people from eating healthily(2), Bene Bono has enabled its loyal customers to save an average of 200 euros per year.

On the supplier side, the brand now collaborates with over 400 local organic producers, twice as many as in 2021, and 150 committed manufacturers, thereby contributing to providing them with an additional revenue and a long term professional relationship made of trust.

2- Recognized and supported commitment with a 10 million euro investment

This 10 million euro funding round was led by AVP (AXA Venture Partners) with the participation of 2050 and historical investors – Stride VC and Project A. This new funding round will allow Bene Bono to strengthen its position as a major player in the fight against waste at its source.

With this capital raise, the Foodtech player aims to:

  • Recruit new talents for strategic positions, such as a Director of Purchasing, a Head of Product, and a Lead Data Manager.
  • Expand its range of saved products to new categories, aiming for 1,000 references by the end of the year and further develop its private label (already 7 products).
  • Expand its business activities in the French market and continue the expansion of its service in Spain (particularly in Seville and Malaga).
  • Reduce its environmental footprint by implementing reusable bags and delivery by electric vehicles and bicycles, amongst other things.
  • Develop new features to continue satisfying a maximum number of customers and optimize its logistics processes.

These new features have been initiated at the end of 2023, transforming Bene Bono’s operational mode to fully customizable weekly orders, leveraging a unique technology. Indeed, customers can now fully customize their groceries, choosing from over 500 available saved products.

Sven Ripoche, co-founder of Bene Bono – “This funding round follows the very successful year of 2023 marked by our successful launch in Spain and over 2,100 tons of products saved by our users. It will allow us to fight against waste on a larger scale, offering even more good products at reduced prices to the French and Spanish people!”

François Robinet, Managing Partner at AVP – “We are delighted and extremely proud to have been selected by the founders of Bene Bono, a major player in Foodtech, to accompany them in the next chapters of their story and this new phase of growth. We have been impressed by the intrinsic merits of the company and its remarkable development so far. This investment also demonstrates AVP’s commitment to investing in key sectors for the sustainable development of our societies, such as the fight against waste. The sector in which Bene Bono operates is at the heart of the challenges of transforming everyone’s food habits. We are pleased, along with current investors and 2050, to provide Bene Bono with the means to continue developing the platform in France and Spain and to support Grégoire, Sven, Claire, and all their teams in this new stage. »

About AVP (AXA Venture Partners)

AVP (AXA Venture Partners) is a global venture capital firm specializing in high-growth, technology- enabled companies, managing $1.3 billion in assets across four investment strategies: Venture, Growth, Late Stage, and Fund of Funds. Since its establishment in 2016, AVP has invested in more than 60 technology companies in Venture and Growth stages in the US and Europe.

With offices in New York, London, and Paris, AVP supports companies in expanding internationally and provides portfolio companies with tailored business development opportunities to further accelerate their growth. AVP operates under AXA IM- Alts, the alternative investment business unit of AXA IM.

For more information, visit axavp.com
Contact: Sébastien Loubry, Partner Business development (sebastien@axavp.com)

About Project A

Project A is one of the leading early-stage tech investors in Europe with offices in Berlin and London. In addition to $1bn assets under management, Project A supports its portfolio companies with a team of over 120 functional experts in key areas such as software and product development, data, brand, design, marketing, sales and recruitment. The venture capital firm was founded in 2012 and has backed more than 100 startups. The portfolio includes companies such as Trade Republic, WorldRemit, sennder, KRY, Spryker, Quantum Systems and Voi.

About 2050

2050 (Paris, France) is a new breed of investment fund that combines performance and company alignment. It empowers those who are building a fertile future, a world aligning economic, social and ecological challenges. Through its unique structure of a stewardship-owned evergreen model, and its ecosystem investments, the fund aims to invest over one billion euros by 2030, catalyzing positive change for a better future. The young portfolio includes companies such as Sweep, Peabbl, Fifteen and Kickstarter.

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IK Partners to invest in Checkmate Fire

IK Partners

IK Partners (“IK”) is pleased to announce that the IK Small Cap III (“IK SC III”) Fund has signed
an agreement to acquire Checkmate Fire (“Checkmate” or “the Company”), the UK’s largest
passive fire protection specialist, from YFM Equity Partners (“YFM”). IK is making its first UK investment from the Fund’s dedicated pool of Development Capital. The existing management
team will be reinvesting alongside IK. Financial terms of the transaction are not disclosed.

Established in 1989 and headquartered in West Yorkshire, Checkmate provides a comprehensive range of passive fire protection services to organisations across the Healthcare, Education, Government, Social Housing and Commercial sectors. The Company inspects, installs, remediates and maintains passive fire systems and also provides installation and maintenance of active fire systems.

Checkmate engineer remediating a fire door

Checkmate operates across the UK and has over 200 employees. The Company is responsible for maintaining passive fire systems in around 2,000 buildings nationally to ensure compliance with increasingly stringent regulations, carrying out over 30,000 fire door remediations or replacements per year. The focus is on maintaining fire doors rather than replacing them; an approach that aligns with the Company’s commitment to strong environmental, social and governance practices across the business.

Since YFM’s investment and under the existing management team, Checkmate has scaled rapidly, expanding its service offering and supporting more customers in managing their passive fire systems through multi-year contracts. In partnership with IK, Checkmate will look to further develop its passive fire offering, particularly its inspections division, in a market with compelling long-term growth dynamics. The Company will also continue to invest in its people and technology to enhance operational efficiency, while also executing a targeted M&A strategy.

Completion of the transaction is subject to regulatory approvals.

John Lewthwaite, CEO at Checkmate, said: “We are very much looking forward to working with IK after a successful partnership with YFM. IK’s track record of supporting businesses in the fire protection market, combined with our position as UK’s leading passive fire specialist, means that we are best placed to drive future growth in a market with attractive dynamics. We would like to take this opportunity to thank YFM for all their support and guidance over the last five years.”

Simon May, Partner at IK and Advisor to the IK SC III Fund, added: “This is an exciting first investment for the IK Development Capital strategy in the UK. Under the stewardship of John and his team, Checkmate has established itself as a high-quality provider in a rapidly growing and increasingly regulated market. We have been impressed with the Company’s journey to date and see plenty of opportunities for continued growth. We look forward to working with the team at Checkmate and leveraging the resources and expertise of the wider IK platform to deliver an ambitious strategy.”

Steve Harrison, Partner at YFM Equity Partners, commented: “It has been an absolute pleasure working with John and the entire team at Checkmate since we first invested in 2018. The business has seen rapid growth and development during this period, establishing itself as the leading player in the UK passive fire protection market. We wish Checkmate the best of luck for the future with the support of IK.”

For further questions, please contact:

Checkmate Fire
Ian Turpin
Phone: +44 7841 443948
info@checkmatefire.com

IK Partners
Vidya Verlkumar
Phone: +44 (0) 7787 558 193
vidya.verlkumar@ikpartners.com

YFM Equity Partners
Viktoria Harrison
Phone: +44 7716 097 774
viktoria.harrison@yfmep.com

About Checkmate Fire

Checkmate Fire is the UK’s leading specialist passive fire protection company and a founder member of the BRE/LPCB passive fire protection certification scheme. Checkmate delivers a full turnkey service, from initial assessments and surveys, through to full pre-planned maintenance packages. For over three decades, the firm has served a growing list of industries with the same reliable, ethical, quality service that makes it the most trusted contractor in specialist passive fire protection. For more information, visit www.checkmatefire.com.

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About IK Partners

IK Partners (“IK”) is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €14 billion of capital and invested in over 180 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit ikpartners.com.

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About YFM Equity Partners

YFM invests £3m to £15m into businesses with strong growth potential located across the UK through a regional network of offices in London, Leeds, Manchester, Reading and Birmingham.

YFM Equity Partners are specialist, independently owned, private equity investors. Having recently celebrated 40 years of investing experience, our portfolio may have changed over the years, but our ethos has remained the same – to support small businesses across the UK in their next phase of growth. We seek to unlock value and growth potential by providing up to £10 million of equity to fuel the development of established business throughout the UK regions. We do this by helping our portfolio companies launch new initiatives, make transformative acquisitions, and upgrade technologies and systems. We are dedicated to working alongside management teams to create long-term value for our investors, the companies we invest in, and make a positive economic impact for the communities in which we work. We manage funds in excess of £630 million which include venture capital trusts and private equity funds.

YFM Equity Partners conducts its investment business through its subsidiary YFM Private Equity Limited which is authorised and regulated by the Financial Conduct Authority (FRN: 122120).

For more information, please visit www.yfmep.com or follow us on LinkedIn.

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KKR Appoints Ruchir Swarup As Chief Information Officer

KKR

NEW YORK–(BUSINESS WIRE)– KKR today announced the appointment of Ruchir Swarup as a Partner and Chief Information Officer, effective immediately. In this role, Mr. Swarup will be responsible for driving KKR’s technology strategy and vision. Based in New York, Mr. Swarup will lead the firm’s efforts to embrace new technologies and scale existing technology to create efficiencies and reduce risk across the firm.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240305984251/en/

Ruchir Swarup (Photo: Business Wire)Ruchir Swarup (Photo: Business Wire)

Mr. Swarup brings significant investment technology experience across both public and private markets. He joins KKR from Addepar, a leading software and data platform that is purpose-built for professional wealth, investment and asset management firms, where he served as Chief Technology Officer (CTO). Throughout his time at Addepar, Mr. Swarup developed and implemented a cohesive Product and Platform strategy, led the global expansion of Research & Development and identified new acquisition opportunities to expand the company’s product footprint.

“Technology remains critical to protecting the firm and supporting us in efficiently scaling our businesses. As a technology veteran with nearly three decades of industry experience, Ruchir will build upon the foundation our team has created and help deepen connectivity across the firm,” said Ryan Stork, Chief Operating Officer of KKR. “We are delighted to welcome Ruchir to KKR and look forward to leveraging his experience and exceptional management skills as we continue to advance our technology capabilities.”

“I am honored to join KKR at a key moment in the firm’s growth,” said Mr. Swarup. “KKR has an incredible reputation for innovation, and I look forward to working alongside the firm’s leadership team to drive new and transformative initiatives with a world-class technology team.”

Before Addepar, Mr. Swarup spent nearly 20 years at BlackRock in various technology leadership roles in the U.S. and Asia, most recently as a Managing Director and Global Head of the Aladdin Product Group across Business Operations and Enterprise Systems. This responsibility included the development of all post-trade capabilities, regulatory, client experience and enterprise operations technology. Mr. Swarup was also a key architect of BlackRock’s middle- and back-office technology strategy on Aladdin, an end-to-end portfolio management system, combining risk analytics and comprehensive investment tools on a single platform. He was also a member of BlackRock’s Global Operating Committee.

About KKR

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

Media
Liidia Liuksila or Emily Cummings
212-230-9722
media@kkr.com

Source: KKR

 

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BB Capital takes majority stake in health app VYTAL

BB Capital

THE HAGUE – BB Capital Investments has taken a majority stake in VYTAL, an IT platform specialized in digital total solutions for the sports and health industry. Both parties announced this today. The company from Alphen aan den Rijn will use the investment to expand its unique market position in the Netherlands and Europe.

VYTAL supplies a complete software package to support coaches in their business processes and coaching activities. The company has been active in the growing digital health solutions market since 2019. The nutrition app managed to develop into an innovative platform with a complete offering where users and providers come together. The entire team of ten employees remains active from the head office in Alphen aan den Rijn.

Stephan Laurs, founder and CEO: “With BB Capital on board, we can roll out our strategy to become the all-in-one platform for coaches even more effectively. Our mission is to create a real vitality movement where, on the one hand, we help our users to become and remain vital, while we give our coaches all the tools to support users in this. From business administration to community and marketing support.”

Susan van Koeveringe, Managing Partner BB Capital Investments: “VYTAL has a clear focus on building a digital platform within which all activities for coaches come together. With the knowledge and drive of the VYTAL team, we are working with ambition to offer a total solution in this growing but fragmented market. We are excited to build a strong and innovative company together, both through organic growth and through multiple follow-up acquisitions in the Netherlands and abroad.”

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Coller Capital becomes largest investor in Permira continuation fund

Coller Capital
  • Coller represents 50% of secondary commitments into new Permira continuation fund
  • Permira continuation fund to include assets from Permira IV and V

London, 04 March 2024 – Coller Capital, one of the world’s leading investors in the secondary market for private assets, has committed to Permira’s new continuation fund. The commitment makes Coller Capital the largest investor, accounting for 50% of the fund.

The continuation fund will include five assets from Permira’s existing funds and provide capital over a five-year period to support further value creation in the underlying companies.

This transaction is Coller Capital’s second GP-led secondary investment with Permira, having also been the lead investor on a Permira GP-led secondary transaction which closed in 2020. Coller and Permira have transacted numerous times beforehand, specifically as it relates to Permira funds IV and V, attesting to the strong partnership between the two organisations.

Martin Fleischer, Coller Capital, commented: “We are pleased to partner with Permira once again on another GP-led transaction. This is exactly the type of investment we specialise in, focusing on high quality underlying companies managed by an outstanding GP”.

This transaction demonstrates Coller’s ability to structure unique investments that provide exposure to strong growth across the private equity lifecycle. This solution allows existing investors to maintain access to these promising assets ‘status quo’ or to take liquidity if desired.

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Martin Fleischer

Principal, Investment
Press contact
Edelman Smithfield
coller@edelmansmithfield.com+44 (0)7980 684 247

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