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Conscia continues European expansion with acquisition in Belgium

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Nordic Capital

With the acquisition of Silta, Conscia makes a market entry into Belgium, continuing its pan-European expansion to support customers across the Benelux region. In addition to a wider geographical footprint, the acquisition strengthens Conscia’s customer value proposition within cybersecurity, managed services, and hybrid cloud.

“We are delighted to welcome Silta to Conscia as our gateway to the Belgian market, aligning with our strategy to position Conscia as a pan-European player. Silta shares our focus on high expertise within key technology areas. Moreover, their customer focus, business model, and values mirror ours,” says Group CEO Erik Bertman, Conscia.

Based in Antwerp, Belgium, Silta is a medium-sized technology company founded in 2018 with expertise in secure, connected, and managed hybrid cloud solutions and services. The company is renowned for its strong customer base and team of 20 skilled professionals.

“At Conscia Netherlands, we have looked for a way into Belgium for some time and are happy to have found a great match with Silta. They have built a rock-solid reputation in Belgium with customers in public, industry and service sectors. Our products and services complement each other effectively, and we see many opportunities for our value proposition in the Belgian market, which is characterized by a few very large organizations and many smaller players,” says Marcel Cappetti, General Manager at Conscia Netherlands.

All employees at Silta will collaborate closely with their Dutch colleagues, fostering knowledge exchange and providing customer support in the Benelux region.

“For many years, Silta has been a valued strategic IT partner for our customers in Flanders. We have been able to distinguish ourselves through our high level of knowledge of cybersecurity, managed services and cloud, and our strategic collaboration with leading technology partners. Together with Conscia, we are entering a new phase of growth for our organization, customers and employees,” says Gunter Van de Cauter, Sales Director, Silta.

Silta will continue as Conscia Belgium. The current directors of Silta, Gunter Van de Cauter and Ronnie Dibbaut, will continue to lead the organization and are the first point of contact for customers and partners in Belgium as part of the management team of the newly established Benelux organization.

Conscia has made 21 acquisitions in nine European geographical markets since 2013. The parties have agreed not to disclose financial details of the transaction.

For further information, please contact:
Group Chief Sales & Marketing Officer Daniel Siberg, Conscia
+46 734 082 778, dasi@conscia.com.

About Silta
Silta is an IT specialist based in the port of Antw

Categories: News

Yingling Aviation Acquires Global Engineering & Technology, Inc.

Ae Industrial Partners

cquisition further expands Yingling’s strategic footprint in Wichita, KS with additional capacity and strong expertise across the full spectrum of aircraft interior services

WICHITA, Kan.–(BUSINESS WIRE)–Yingling Aviation (“Yingling”), a leading, full-service provider of maintenance, repair, and overhaul (MRO) and fixed-base operation (FBO) services to business and general aviation aircraft, today announced that it has acquired Global Engineering & Technology, Inc. (“GETI”), an aircraft interiors service provider based in Wichita, Kansas. The financial terms of the transaction were not disclosed.

Founded in 1991, GETI specializes in aircraft interior design and restoration and has fabricated interiors for over 4,500 business aircraft to-date. With this acquisition, Yingling will gain access to GETI’s proven capabilities and track record of excellence across the full spectrum of aircraft interior repair and design services, including cabinet restoration, upholstered panel recovering, new furniture production, and seat recovering and refurbishment. Additionally, Yingling will continue to expand its Wichita footprint, with GETI’s over 60,000 square feet of facility space further strengthening capacity for growth.

“Integrating GETI into our operations will allow us to greatly increase our scope of work for interior renovations while accelerating client turnaround times,” said Bob Rasberry, CEO, Yingling Aviation. “Having collaborated closely with GETI over the years, we have firsthand knowledge of the quality of their team and its outstanding reputation across the industry.”

“Together, we have the potential to unlock real synergies by combining our knowledge and experience in interior fabrications with Yingling’s deep maintenance and repair expertise,” said Kurt Smith, President of GETI. “We look forward to working closely with the Yingling team as we integrate our organizations, diversify our customer base, and bring our comprehensive capabilities to market.”

“The acquisition of GETI marks another milestone in our strategy to build a unique independent MRO platform with deep operating experience and technical expertise to serve the business aviation market,” added Jon Nemo, Managing Partner at AE Industrial Partners. “The range of services GETI provides is a natural complement to Yingling’s MRO business and will allow us to unlock new growth opportunities together.”

About Yingling Aviation

Yingling is a full-service maintenance, repair, and overhaul (MRO) and fixed-base operations (FBO) business located at Dwight D. Eisenhower airport in Wichita, Kansas. Yingling has extensive capabilities from nose to tail, including airframe maintenance, avionics, interiors, paint, propellers, and parts sales in support of a diverse range of business and general aviation airframes. Learn more at www.yinglingaviation.com.

About Global Engineering & Technology, Inc.

Global Engineering & Technology, Inc. (GETI) is a premier provider of aircraft interior solutions based in Wichita, Kansas. Offering the industry’s most versatile and luxurious selection of custom furniture, cabinetry, and upholstery, GETI specializes in enhancing and modifying aircraft interiors. Committed to quality and innovation, the company excels in both new cabin installations and refurbishments, delivering tailored solutions that meet each client’s unique needs.

About AE Industrial Partners

AE Industrial Partners is a private investment firm with $5.6 billion of assets under management focused on highly specialized markets including national security, aerospace and industrial services. AE Industrial Partners has completed more than 130 investments in market-leading companies that benefit from its deep industry knowledge, operating experience, and network of relationships across the sectors where the firm invests. With a commitment to driving value creation in partnership with the management teams of its portfolio companies, AE Industrial Partners invests across private equity, venture capital, and aerospace leasing.

Media Contact:
Stanton Public Relations
Matthew Conroy
(646) 502-3563
aeroequity@stantonprm.com

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IK opens Munich office and promotes three to Partner

IK Partners

IK Partners (“IK” or “the Firm”), a leading European private equity firm, is pleased to announce that it has opened a new office in Munich, Germany as part of its ongoing commitment to investing in the DACH region.

The Munich office will be led by Joachim Dettmar, Partner within IK’s Operations Team and Adrian Tanski, who has been promoted to Partner and sits within the Partnership Fund team. Previously based in IK’s Hamburg office, Adrian joined the Firm as an Associate Director in the DACH Mid Cap team in 2018, where he was involved in a range of transactions, including the exit of KLINGEL Medical Metal in 2023 as well as the acquisitions of MÜPRO in 2022 and CONET in 2021.

IK’s Partnership Fund strategy was launched in 2019 and targets larger, more established businesses at the higher end of the mid-market. IK invests alongside existing owners or new partners through minority positions.

In addition, IK is delighted to announce two further promotions to Partner across the Firm’s Hamburg and London offices:

  • Ingmar Bär – Development Capital Investment Team, Hamburg
  • Alexandra Kazi – Finance and Administration Team, London

Christopher Masek, Chief Executive Officer at IK, commented: “After what has been another very successful year for IK, we are delighted to celebrate the contributions of Adrian, Ingmar and Alexandra, whose commitment and efforts have been recognised through their promotions to the Partner Group. Furthermore, we are reinforcing our well-established base in the DACH region with the opening of a new office in Munich, helping to cement our position as one of the leading partners to European small and medium-sized enterprises.”

Adrian Tanski, Partner at IK, commented: “I am thrilled to be heading up IK’s new Munich office, together with Joachim, to strengthen our presence in the dynamic and attractive DACH market. Munich’s thriving economy, strong industrial base and access to high-calibre talent make it an ideal location for expanding our reach and originating exciting investment opportunities.”

For further questions, please contact:

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

ENDS

Adrian Tanski

  • Adrian Tanski joined IK in 2018 and is the Partner responsible for the DACH Partnership Fund Investment team, based in Munich.
  • He specialises in the Industrials sector and has been involved in several Mid Cap and Partnership Fund transactions across the DACH region.
  • Prior to joining IK, Adrian worked at Emeram Capital Partners, having gained an MBA from London Business School as well as a BA in Business Administration from the University of St. Gallen.
  • In addition to his professional skills, Adrian is an accomplished concert pianist.

Ingmar Bär

  • Ingmar Bär joined IK in 2018 and is the Partner responsible for the DACH Development Capital Investment team, based in Hamburg.
  • He has been involved in several Small Cap and Development Capital transactions across the DACH region.
  • Prior to joining IK, Ingmar worked at Triton Partners, having gained an MBA from INSEAD, a MSc in Finance from Bocconi University and a MSc in Accounting from Rotterdam School of Management.

Alexandra Kazi

  • Alexandra Kazi joined IK in 2017 and is the Partner responsible for Tax, Legal and Corporate Operations at IK.
  • She has responsibility for structuring matters across IK, its funds and transactions, as well as oversight of tax reporting, governance and various operational initiatives.
  • Prior to joining IK, Alexandra was employed at PwC, having qualified as an ACA Accountant and gained a BSc in Economics and Chinese Studies from the University of Nottingham.

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 €17 billion of capital and invested in more than 195 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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Ardian launches a Continuation Fund with Syclef to support its next phase of growth

Ardian

Ardian, a world-leading private investment house, announces the successful closing of a newly formed Continuation Fund for Syclef, a leading European firm specializing in the installation and maintenance of refrigeration and air conditioning systems.

Representing Ardian’s first Private Equity Continuation Fund, this fund will be managed by Ardian and capitalized by Eurazeo as senior lead investor and Astorg as co-lead investor, following a competitive auction process. The fund comprises commitments from existing investors of Ardian Expansion Fund V and new investors, alongside a significant equity contribution from both Syclef’s Management team, and the Expansion team. The Continuation Fund includes substantial additional capital to further support Syclef’s organic growth plan and acquisition pipeline.

Since Ardian’s investment in November 2020, Syclef has continued to demonstrate outstanding performance. The company has consolidated its market position in France while successfully pursuing its M&A strategy internationally. Today, the Group is recognized as a key player in the energy transition, supporting its customers in the installation of custom-designed natural fluid systems across the refrigeration and air conditioning markets.

Ardian will support the company’s next phase of growth, enabling Syclef to further pursue its international expansion and support the refrigeration and air conditioning industries in transitioning to more efficient natural fluids, allowing Syclef’s clients to improve their energy efficiency and reduce environmental impact.

“We are very proud to have completed the first Private Equity Continuation Vehicle of Ardian with close to 50% of new LPs. It is a great recognition of the Expansion team’s investment strategy to support visionary entrepreneurs in mission-critical companies.” François Jerphagnon, Executive President of Ardian France and Head of Expansion, Ardian

“We are delighted to extend our collaboration with Syclef and the Group’s Management team. We are confident that the extension of this strategic partnership will enable Syclef to pursue its continuing growth trajectory across Europe and further establish itself as a European leader in natural fluids refrigeration and air conditioning systems.” Marie Arnaud-Battandier, Managing Director Expansion, Ardian

“We are delighted to renew our support for Syclef in this next phase of its development. Syclef is now recognized as a key player driving the energy transition across the high-growth refrigeration and air conditioning sectors.” Arthur de Salins, Managing Director Expansion, Ardian

“The entire Management team is delighted to renew its partnership with Ardian’s Expansion team. With Ardian’s support, Syclef has become a much more diversified player geographically. The Group has broadened its offer to the market and is in a stronger position both in financial and extra-financial terms. Thanks to its local presence across Europe and strong expertise in business services, Ardian will be a valuable asset in the ambitious next phase of the Group’s development.” Hervé Lohéac, Chairman, Syclef

LIST OF PARTICIPANTS

  • Participants

    • Ardian : Marie Arnaud-Battandier, Arthur de Salins, Thomas Grétéré, Badr M’haidra
    • Eurazeo: Christophe Simon, Amine Rais, Théo Charpentier, Mahdi Benerradi
    • Astorg: Sebastiaan van den Berg, Michal Lange, Ben Deanfield, Chuck Sandilya

  • Continuation fund

    • Advisor: Lazard Private Capital Advisory (Marion Cossin, Jérôme de Vienne, Thibault Principaud)
    • Fund Lawyers: Clifford Chance (Xavier Comaills, Elodie Cinconze, Alexandre Gardini, Laura Ferrier
    • Corporate Lawyers: Latham & Watkins (Olivier du Mottay, Louise Gurly)
    • Financing Lawyers: Latham & Watkins (Xavier Farde, Carla-Sophie Imperadeiro)
    • Strategic Due Diligence: LEK (David Danon-Boileau, Charles Petracco, Pierre Demuyt)
    • Financial Due Diligence: KPMG (Olivier Boumendil, Benjamin Patte)
    • Legal, Tax and Social Due Diligence: Delaby & Dorison (Emmanuel Delaby, Romain Hantz, Romain Bellamy); GCA (Thomas Brillet)
    • Alexandre Gaudin, Guillaume Oger, Athida Nhouyvanisvong); Valoren (Virginie Lockwood)

ABOUT ARDIAN

Ardian is a world-leading private investment house, managing or advising $176bn of assets on behalf of more than 1,720 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 its 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. At Ardian we invest all of ourselves in building companies that last.

ardian.com

ABOUT SYCLEF

Founded in 2003, Syclef is a leading European player in the installation and maintenance of refrigeration systems. The Group is specialized in medium and large refrigeration installations, in industrial refrigeration (logistics platforms, storage warehouses, food processing, etc.), commercial refrigeration (supermarkets, convenience stores, etc.) and air conditioning. The Group’s customer base relies on Syclef to manage its complex and critical refrigeration systems. The Group benefits from a key player position in the energy transition, using innovative sustainable technologies such as natural refrigerant fluids.

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Nordic Capital-backed Cary Group expands into France through acquisition of 123 Pare-Brise

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Nordic Capital

Cary Group, a European market leader in vehicle glass repair and replacement (VGRR) services, has signed an agreement to acquire 51% of the French company 123 Pare-Brise, a leading independent VGRR specialist in France.

Founded in 2020 and headquartered in Marquette-lez-Lille and Bourgoin-Jallieu, 123 Pare-Brise operates a network of 129 owned workshops across France. The acquisition provides Cary Group with a strategic entry into the French VGRR market, which has significant size and growth potential. As a leading player in the French market, 123 Pare-Brise operates with a fully integrated network of workshops and a business model that is focused on direct-to-consumer sales. The company employs just under 900 employees with total sales of approximately 100 MEUR.

“The acquisition of 123 Pare-Brise is a significant milestone for Cary Group as we continue to expand our presence in Europe. The French market for repair, replacement and calibration of vehicle glass is an important part of the European market. The acquisition of 123 Pare-Brise is a natural step in our consolidation journey and strengthens Cary Group’s position in Europe. We are impressed by the strong growth of the company, the exceptional quality of their services and workshop network and we look forward to working closely with their talented team“, says Anders Jensen, CEO of Cary Group.

“We are excited to join forces with Cary Group, a company that shares our commitment to quality and customer satisfaction. This partnership will enable us to leverage Cary Group’s resources and expertise to further enhance our services and expand our reach in the French market”, says Norbert Sibert, Alberic Bienvenu and Ludovic Vaesken, founders of 123 Pare-Brise.

The current management team of 123 Pare-Brise, will remain in place to ensure continuity and drive the company’s growth post-acquisition.

Cary Group’s acquisition strategy focuses on platform acquisitions to enter new geographic markets, add-on acquisitions to strengthen its presence in existing markets, and smaller acquisitions to improve its footprint and achieve additional scale. Over the past four years, Cary Group has made several key platform acquisitions, including Autoglass Clinic and Touring Glass in Belgium, Dansk Bilglas in Denmark, Autoglas in Luxemburg, Expressglass in Portugal, Auto Cristal Ralarsa in Spain, and Zentrale Autoglas in Germany. These acquisitions have not only increased revenue but also established Cary Group in new markets, contributing to the consolidation of the highly fragmented European VGRR market.

For further information, please contact:

Helene Gustafsson, Head of Corporate Communication, Cary Group
Tel: +46 70 868 40 50
Email: Helene.gustafsson@carygroup.com

 

About Cary Group
Cary Group specialises in sustainable solutions for vehicle glass repair and replacement, with a complementary offering in vehicle damage repair. With good accessibility, high-quality products and smart solutions, we help our customers make simplified and sustainable choices. We call it Smarter solutions for sustainable car care. For more information, please visit www.carygroup.com.

 

About 123 Pare-Brise

Founded in May 2020 by industry experts, 123 Pare-Brise is a French brand specializing in the repair and replacement of all types of auto glass. With fast, reliable and accessible services, it has established itself as a benchmark player in France. 123 Pare-Brise is based in the Hauts-de-France and Auvergne Rhône Alpe regions of France and relies on a branch network to guarantee consistent quality of service in all its centres. With its strong workforce, the company will have 130 centres by early 2025 and has a clear ambition: to become the leading independent integrated network in France.

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Smartfin closes third growth fund at €250 million with backing from EIF

Smartfin

investments in Europe’s leading B2B technology scale-ups

  • Smartfin closes its fifth fund (and third growth fund) at its €250m target.
  • Backers of the new fund include returning private and institutional investors as well as new ones, including for the first time the European Investment Fund through its ESCALAR program.
  • The new fund enables the firm to double down on investing in Europe’s most promising B2B technology companies, with now more than €600m in total investment commitments.
  • Two recent investments with the new fund, dubbed Smartfin Capital III, have already been announced: CrazyGames and Emma.

Brussels, Belgium – 9 January 2025: Smartfin, a leading growth equity investor in European B2B technology companies, has successfully closed its third growth fund at its €250 million target.

This fund marks a significant milestone for the firm, with an introductory participation of the European Investment Fund (EIF) through its ESCALAR program to address the financing gap experienced by European high-growth companies.

The closure of its third growth fund brings Smartfin’s total investment commitments to over €600 million, only a decade after its founding in 2014.

The successful fundraise, notably in challenging market conditions, underscores the trust and confidence of both new and returning investors in Smartfin’s investment strategy and track record.

The new fund, dubbed Smartfin Capital III, will focus on growth-stage B2B technology companies across Europe, furthering Smartfin’s commitment to supporting transformative tech scale-ups that drive innovation and deliver long-term value.

Smartfin has already made its first two investments with the new fund: CrazyGames (a global browser-based casual gaming platform) and Emma (a leading multi-cloud management platform designed to streamline and optimize cloud infrastructure).

A Proven Track Record of Success

Smartfin Capital III is the firm’s fifth fund, building on the success of its two early-stage funds (Smartfin Ventures I & II) and two prior growth funds (Smartfin Capital I & II). In the past decade, Smartfin has established itself as a key player in the European tech ecosystem, with a portfolio of innovative companies that span multiple sectors.

Notable active and past investments across its funds include Deliverect, a leading provider of food delivery integration software; Bright Analytics, a consolidated management reporting platform;  Recharge, a global one-stop-shop branded payments platform; Hex-Rays, a specialist in reverse engineering software; Zivver, a secure communications platform for email, video and file sharing; Silverfin, a cloud-based platform transforming accounting workflows acquired by Visma; Theo Technologies, a global leader in video streaming technology acquired by Dolby; Newtec, a pioneer in satellite communications acquired by ST Engineering; and UnifiedPost, a publicly listed fintech company revolutionizing invoicing and payments for SMEs.

For more information on our portfolio, please visit https://smartfinvc.com/portfolio/.

These investments demonstrate Smartfin’s ability to identify and support exceptional growth companies, helping them scale and succeed in competitive markets. Smartfin’s approach combines strategic guidance, operational expertise, a long-term view and access to an extensive network, ensuring that portfolio companies are well-positioned to achieve their growth ambitions.

“This successful fundraise reflects the strength of our team and the confidence our investors place in us.” said Jürgen Ingels, Founding Partner of Smartfin. “The partnership with EIF, through the ESCALAR program, is an international quality stamp that reaffirms our commitment to backing exceptional entrepreneurs and fostering innovation in Europe’s B2B technology ecosystem. We are excited to continue building on our strong track record and scaling the next generation of tech leaders.”

EIF Partnership: A Stamp of Quality

The inaugural participation of the EIF in Smartfin Capital III through its ESCALAR program represents a significant endorsement of Smartfin’s investment philosophy and performance.

ESCALAR, established by EIF to provide growth financing to high-potential funds and companies, will enable Smartfin to expand its impact and support more promising ventures across Europe, while at the same time providing a stepstone in further institutionalizing its operations.

“Investing in scale-ups and technology is not just about fostering innovation; it’s about empowering the next generation of leaders who will drive Europe’s economic growth and global competitiveness. With Smartfin we want to support an innovation ecosystem where European technology companies and entrepreneurship can thrive,” commented Marjut Falkstedt, EIF Chief Executive.

About Smartfin

Smartfin is a European venture and growth capital investor, managing over €600 million in investment commitments and investing in early and growth-stage B2B technology companies. Smartfin has an open-ended investment philosophy and invests throughout Europe. Smartfin’s team combines a successful venture capital and private equity investment track record with extensive operational experience in setting up, building, and managing leading international technology companies. This differentiates Smartfin as an experienced and entrepreneurial, truly hands-on and value-added partner to its portfolio companies. For more info, please visit https://www.smartfinvc.com.

About EIF

The European Investment Fund (EIF) is part of the European Investment Bank Group. Its central mission is to support Europe’s micro, small and medium-sized enterprises (SMEs) by helping them to access finance. The EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, the EIF fosters EU objectives in support of sustainability, innovation, research and development, entrepreneurship, growth and employment. For more info, please visit https://www.eif.org/index.htm.

 

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Thomas Kamm appointed as Partner and Head of Communications at Antin Infrastructure Partners

Antin

09th Jan 2025

Antin Infrastructure Partners announces the appointment of Thomas Kamm as Partner, in charge of Communications, effective 6 January 2025.

Mr. Kamm brings 45 years of experience in media, corporate communications and consulting to this newly-created position, in which he will lead Antin’s communications strategy to enhance the firm’s visibility and engagement with key stakeholders.

Prior to joining Antin, Mr. Kamm served since 2005 as a Partner at Brunswick Group in Paris and São Paulo, where he specialized in advising clients on strategic positioning as well as media and investor relations. Mr. Kamm began his career as a journalist at the International Herald Tribune before joining The Wall Street Journal, where over 18 years he covered Europe, South America and Africa, holding various positions including Chief South American Correspondent and Bureau Chief for Southern Europe. From 2000 to 2005, he worked at PPR (now Kering), the French luxury group, where he was a member of the Group’s Executive Committee, in charge of Corporate Affairs and Communications.

Mr. Kamm holds a BA in History from the University of Paris 1 Panthéon-Sorbonne.

Alain Rauscher, Co-Founder, Chief Executive Officer and Chairman of the Board, said: “We are delighted to welcome Thomas to Antin, a firm he knows very well, having worked alongside us as an advisor almost since our inception. His wealth of experience in media, corporate communications and strategic positioning will be invaluable as we continue to expand our infrastructure investments across Europe and the United States.”

Thomas Kamm commented: “I am honoured to join Antin as the Head of Communications and Partner and look forward to contributing to the firm’s continued success. Infrastructure is at the heart of major societal challenges, including energy transition and digitalisation. In today’s dynamic investment environment, strategic communications play a critical role, and I am excited to work with the team to amplify Antin’s pioneering vision and achievements.”

 

About Antin Infrastructure Partners

Antin Infrastructure Partners is a leading private equity firm focused on infrastructure. With over €32 billion in assets under management across its Flagship, Mid Cap and NextGen investment strategies, Antin targets investments in the energy and environment, digital, transport and social infrastructure sectors. With offices in Paris, London, New York, Singapore and Luxembourg, Antin employs over 240 professionals dedicated to growing, improving and transforming infrastructure businesses while delivering long-term value to portfolio companies and investors. Majority owned by its partners, Antin is listed on Euronext Paris (Ticker: ANTIN – ISIN: FR0014005AL0).

 

 

Media Contacts

Antin Infrastructure Partners

Thomas Kamm, Partner, Head of Communications

Email: media@antin-ip.com

Nicolle Graugnard, Communication Director

Email: media@antin-ip.com

Ludmilla Binet, Head of Shareholder Relations

Email: shareholders@antin-ip.com

 

Brunswick

Tristan Roquet Montegon +33 (0) 6 37 00 52 57

Email: antinip@brunswickgroup.com

Categories: People

Hans Sahlin new CEO of Speed Group

Ratos

Ratos has appointed Hans Sahlin as the new CEO of Speed Group (Speed), a leading logistics and staffing company in the Nordics. Hans Sahlin previously served as Deputy CEO of the company. He took over his new role today, 8 January 2025, succeeding Jesper Andersson, one of Speed Group’s founders and CEO since 2022. Jesper Andersson will move into an advisory role.

Hans Sahlin has a solid background in leadership and business development at logistics and property companies. Since his recruitment as Deputy CEO, he has played an important role in driving strategic initiatives and ensuring Speed’s continued positive development. With a clear focus on growth, innovation and sustainability, he is now ready to lead the company into its next phase.

“Hans Sahlin has made very positive contributions, so we are delighted that he has accepted the offer to become the company’s new CEO. Now that we’ve secured a new multi-billion deal with our major customer Ericsson, and with an overall stable performance in the company, this is great timing for a new CEO to take the reins. I look forward to our future collaboration. I would also like to thank Jesper Andersson for his outstanding and important contributions to Speed over all these years,” says Christian Johansson Gebauer, Chairman of the Board of Speed Group and President, Business Area Construction & Services, Ratos.

“I’m pleased and honoured to be entrusted to lead Speed into its next phase. The company has a strong position in the market and a unique business model that I look forward to continuing to develop together with our employees and customers,” says Hans Sahlin, incoming CEO of Speed Group.

Jesper Andersson, who has played a key part in Speed’s journey from startup to one of the leading providers of logistics and staffing solutions in the Nordics, is now passing the baton. However, he will remain at Speed Group in an advisory role.

“Speed has been a part of my life for two decades and I’m incredibly proud over what we’ve achieved together. I look forward to continuing to contribute in my new role and to following the company’s development under Hans Sahlin’s leadership,” says Jesper Andersson.

About Speed Group
Speed offers sustainable, flexible and innovative solutions to complex logistics and staffing challenges. Sustainability permeates the entire business, and the aim was to become carbon neutral by 2025, something that was already achieved by 2023. Speed has its head office in Borås, Sweden, and logistics centres in Borås, Gothenburg, Stenungsund and Stockholm covering a combined total of more than 220,000 square metres. The company has sales of approximately SEK 1 billion and employs around 1,000 people.

For more information, please contact:
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21
Hans Sahlin, incoming CEO, Speed Group, +46 76 607 30 87

About Ratos
Ratos is a Swedish business group focusing on technological and infrastructure solutions, consisting of 16 companies divided into three business areas: Construction & Services, Industry and Consumer. The companies have approximately SEK 32 billion in net sales (September LTM). We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in Execution and It’s All About People. We enable independent subsidiaries to excel by being part of something larger. People, leadership, culture and values are key focus areas.

Attachments
Press release

Categories: People

Paycor to be acquired by Paychex

Apax-Global-Alpha

The Apax IX Fund (“Apax IX”), in which Apax Global Alpha Limited (“AGA”) is a limited partner, has announced that portfolio company Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of human capital management (HCM) software, has entered into a definitive agreement with Paychex, Inc. (Nasdaq: PAYX) (“Paychex”) to be acquired in an all-cash transaction for $22.50 per share.

Including prior distributions, this transaction is expected to deliver a total gross Multiple on Invested Capital (“MOIC”) of 3.3x1 and a gross Internal Rate of Return (“IRR”) of 26%1 for Apax IX. The transaction values AGA’s look-through investment in Paycor at approximately €38m. This represents an uplift of c.69% to the last Unaffected Valuation2 and an uplift of c.€16m in the Net Asset Value (“NAV”) of AGA at 30 September 2024. The transaction is expected to close in H1 2025, subject to customary closing conditions.

Note that these figures relate to AGA’s look-through position of Apax IX’s overall investment in Paycor and are stated before taking into account any closing adjustments, fees, costs, Holdco facilities, and carried interest, and are translated based on the latest exchange rates available where applicable3.

The Apax Funds acquired a majority stake in Paycor in 2018 and took the Company public in 2021. Over the past six years, Apax has partnered closely with Paycor’s leadership team in the transformation of the company – accelerating its top-line growth, expanding it into tier one cities across North America, and building a modern HCM platform for the mid-market.

AGA, whose shares are listed on the London Stock Exchange, provides investors with access to a diversified portfolio of private equity funds advised by Apax as well as a focused portfolio of mostly debt investments. In 2016, AGA made a commitment of c. $350m to Apax IX4.

For more information about the transaction, please visit:
https://www.apax.com/news/press-releases/

END

Contact details:
Investor.relations@apaxglobalalpha.com

Footnotes

  1. Gross MOIC and Gross IRR shown for Apax IX EUR Fund
  2. Unaffected Valuation is determined as the fair value as at 30 September 2024
  3. Based on Bloomberg closing EUR/USD FX rate on 6 January 2025 of 1.039
  4. AGA’s commitment in Apax IX of c.$350m represents a commitment of $175m in the USD tranche and €154.5m in the euro tranche.

Notes

  1. Note that references in this announcement to Apax Global Alpha Limited have been abbreviated to “AGA” or “the Company”. References to Apax Partners LLP have been abbreviated to “Apax”, or “the Investment Adviser”.
  2. Please be advised that this announcement may contain inside information as stipulated under the Market Abuse Regulations (EU) NO. 596/2014 (“MAR”).
  3. his announcement is not for release, publication or distribution, directly or indirectly, in whole or in part, into or within the United States or to “US persons” (as defined in Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”)) or into or within Australia, Canada, South Africa or Japan. Recipients of this announcement in jurisdictions outside the UK should inform themselves about and observe any applicable legal requirements in their jurisdictions. In particular, the distribution of the announcement may be restricted by law in certain jurisdictions.
  4. The information presented herein is not an offer for sale within the United States of any equity shares or other securities of Apax Global Alpha Limited (“AGA”). AGA has not been and will not be registered under the US Investment Company Act of 1940, as amended (the “Investment Company Act”). In addition, AGA’s shares (the “Shares”) have not been and will not be registered under the Securities Act or any other applicable law of the United States. Consequently, the Shares may not be offered or sold or otherwise transferred within the United States, or to, or for the account or benefit of, US Persons, except pursuant to an exemption from the registration requirements of the Securities Act and under circumstances which will not require AGA to register under the Investment Company Act. No public offering of the Shares is being made in the United States.
  5. This announcement may include forward-looking statements. The words “expect”, “anticipate”, “intends”, “plan”, “estimate”, “aim”, “forecast”, “project” and similar expressions (or their negative) identify certain of these forward-looking statements. These forward-looking statements are statements regarding AGA’s intentions, beliefs or current expectations concerning, among other things, AGA’s results of operations, financial condition, liquidity, prospects, growth and strategies. The forward-looking statements in this presentation are based on numerous assumptions regarding AGA’s present and future business strategies and the environment in which AGA will operate in the future. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results, performance or achievements of AGA to be materially different from those expressed or implied by such forward looking statements. Many of these risks and uncertainties relate to factors that are beyond AGA’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behaviour of other market participants, the actions of regulators and other factors such as AGA’s ability to continue to obtain financing to meet its liquidity needs, changes in the political, social and regulatory framework in which AGA operates or in economic or technological trends or conditions. Past performance should not be taken as an indication or guarantee of future results, and no representation or warranty, express or implied, is made regarding future performance. AGA expressly disclaims any obligation or undertaking to release any updates or revisions to these forward-looking statements to reflect any change in AGA’s expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based after the date of this announcement, or to update or to keep current any other information contained in this announcement. Accordingly, undue reliance should not be placed on the forward-looking statements, which speak only as of the date of this announcement.

About Apax Global Alpha Limited

AGA is a Guernsey registered closed-ended investment Company listed on the London Stock Exchange. It is regulated by the Guernsey Financial Services Commission.

AGA’s objective is to provide shareholders with capital appreciation from its investment portfolio and regular dividends. The Company is targeting an annualised Total Return, across economic cycles, of 12-15% (net of fees and expenses).

The Company makes Private Equity investments in Apax Funds, and has a portfolio of primarily Debt Investments, derived from the insights gained via Apax’s Private Equity activities.

Further information regarding the Company and its publications are available on the Company’s website at www.apaxglobalalpha.com.

About Apax

Apax Partners LLP (“Apax”) is a leading global private equity advisory firm. For over 50 years, Apax has worked to inspire growth and ideas that transform businesses. The firm has raised and advised funds with aggregate commitments of nearly $80 billion. The Apax Funds invest in companies across three global sectors of Tech, Services, and Internet/Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For further information about Apax, please visit www.apax.com.

Apax is authorised and regulated by the Financial Conduct Authority in the UK.

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Jensen Hughes Names Marc Kaplan New President & Chief Operating Officer

Gryphon Investors

ensen Hughes, a global leader in safety, security, and risk-based engineering and consulting, today announced the appointment of Marc Kaplan as its new President & Chief Operating Officer (COO). The appointment follows an extensive search that attracted top talent from around the world.

With more than 25 years of executive leadership experience, Kaplan has a distinguished track record of driving operational excellence, innovation and growth across a diverse array of organizations — from dynamic startups to multibillion-dollar global enterprises — with notable success in professional services consulting. Most recently, Kaplan served as Chief Executive Officer (CEO) of CIBT, a global mobility services leader, where he revitalized the business post-pandemic.

Kaplan previously held executive roles at Deloitte, including Principal and Chief Strategy and Transformation Officer, where he led one of the firm’s fastest-growing business units and drove transformational initiatives. He has also held key positions at The Associated Press and ChekMarc, Inc., a digital software company he co-founded in 2020.

“Marc brings a rare combination of people focus, strategic thinking and a collaborative, hands-on approach to Jensen Hughes,” said Raj Arora, CEO of Jensen Hughes. “With his expertise in operational efficiency and growth, culture-building and talent management in professional services, his leadership will be invaluable as we continue to innovate and expand into new regions and service lines.”

In his new role as President & COO, Kaplan will oversee Jensen Hughes’ global operations, leading a diverse team of professionals and managing multiple business units. His responsibilities will include guiding top operational leaders, implementing strategic growth-driven initiatives, optimizing performance metrics and fostering employee engagement and retention.

Kaplan assumes this critical role at an exciting time for the company, as 2025 marks a decade of the Jensen Hughes brand and its continued expansion. Since 2014, strategic acquisitions have broadened the company’s expertise in fire and life safety, code consulting, risk analysis, process safety management, security risk, emergency management and forensics while strengthening its global presence. Jensen Hughes is backed by middle market private equity firm Gryphon Investors.

“I’m honored to join Jensen Hughes at such a pivotal time in the company’s journey,” Kaplan said. “Raj and the team have built an incredibly strong business foundation and culture, seamlessly blending experience in legacy services, innovative solutions, industry-leading expertise and cutting-edge technology. My focus will be on enhancing and executing our existing strategies in order to unlock new opportunities for growth while continuing to deliver exceptional value to our clients and communities.”

About Jensen Hughes

Jensen Hughes is the global leader in engineering, consulting and technology that make our world safe, secure and resilient. Worldwide, we are recognized most widely for our leadership in fire protection engineering while also specializing in other critical competencies core to our purpose – strategic capabilities we have been expanding for years. These include accessibility consulting, risk and hazard analysis, industrial process safety, forensic investigations, security risk, and emergency management, as well as digital innovation across many of our services. Today, our 1,700+ engineers, consultants, analysts and strategists work from over 100 offices, supporting clients in over 100 countries across all markets – from government, healthcare, science and technology to energy, mission-critical and transportation. For more information, visit www.jensenhughes.com.

About Gryphon Investors

Gryphon Investors is a leading middle-market private investment firm focused on profitably growing and competitively advantaged companies in the Business Services, Consumer, Healthcare, Industrial Growth, Software and Technology Solutions & Services sectors. With approximately $9+ billion of assets under management, Gryphon prioritizes investments in which it can form strong partnerships with founders, owners and executives to accelerate the building of leading companies and generate enduring value through its integrated deal and operations business model. Gryphon’s highly differentiated model integrates its well-proven Operations Resources Group, which is led by full-time Gryphon senior operating executives with general management, human capital acquisition and development, treasury, finance and accounting expertise. Gryphon’s three core investment strategies include its Flagship, Heritage and Junior Capital strategies, each with dedicated funds of capital. The Flagship and Heritage strategies target equity investments of $50 million to $500 million per portfolio company. The Junior Capital strategy targets investments of $10 million to $25 million in junior securities of credit facilities, arranged by leading middle-market lenders, in both Gryphon-controlled companies, as well as in other private equity-backed companies operating in Gryphon’s targeted investment sectors. For more information, visit www.gryphoninvestors.com.

Categories: People