CapMan Buyout invests in award-winning Finnish architectural firm SARC Architects

Capman

 

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21 June 2022 at 12:00 EEST

CapMan Buyout invests in award-winning Finnish architectural firm SARC Architects

CapMan Buyout has agreed to invest in award-winning Finnish architectural firm SARC Architects. SARC is one of the leading architectural firms in Finland, specialised in demanding architectural projects and the development of urban environments. CapMan Buyout aims to support SARC in further developing and growing their business. The current owners of the firm, Sarlotta Narjus and Antti-Matti Siikala, will continue as significant shareholders in the company, while SARC also appoints new employee partners.

SARC Architects, founded in 1965, is specialised in the design and planning of both new builds and renovations of office, retail, and residential real estate. The firm also has competence and experience in designing hospitals, laboratories, universities, museums, and public spaces. SARC has received multiple awards for their work in Finland and abroad. For instance, the firm was awarded the Finlandia architecture prize for their design of the new children’s hospital in Helsinki. The firm employs around 80 employees.

“We are very impressed by the development of SARC and its people. Over the years, the team has built an admired and ambitious firm with several long-term client relationships and very competent personnel. The company’s current position and competitive advantages are an excellent foundation for future development, and we are pleased to support the team in their aspirations towards becoming an even more prominent player in their field.” says, Antti Karppinen, Partner at CapMan Buyout.

”I am very satisfied with this next step on our firm’s journey. CapMans’ investment will provide us with stronger resources for continuous development over the coming years, and as such grant us better opportunities to focus on our core work, architecture. Going forward, as over the past 50 years, we continue to feel a sense of responsibility towards our clients and society to confront architectural and societal challenges with ambition and expertise – while listening to our clients,” comments, Sarlotta Narjus, CEO at SARC.

In the transaction, CapMan acquires a majority equity share in the company. The company’s founding partners remain significant shareholders and the company appoints three current employees as partners. The investment is made from the CapMan Buyout XI fund, which was established in 2019, and is the fund’s fifth investment. The transaction is expected to close on 30 June 2022.

The CapMan Buyout team includes investment professionals working in Helsinki and Stockholm. The funds managed by CapMan Buyout invest in mid-sized, unlisted companies in the Nordic countries.

For more information, please contact:

Antti Karppinen, Partner, CapMan Buyout, +358 50 534 0614

Sarlotta Narjus, CEO and Partner, SARC Architects, +358 40 502 0351

Antti-Matti Siikala, Partner, SARC Architects, +358 40 580 5650

About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation. As one of the private equity pioneers in the Nordics we have built value in unlisted businesses, real estate, and infrastructure for over three decades. With over to €4.7 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We are dedicated to set science-based targets to reduce our greenhouse gas emissions in line with the Paris Agreement. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover minority and majority investments in portfolio companies and real estate, and infrastructure assets. We also provide wealth management solutions. Our service business includes procurement and analysis, reporting and back office services. Altogether, CapMan employs approximately 180 professionals in Helsinki, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. Read more at www.capman.com.

About SARC

SARC is a Finnish architectural firm with over 50 years of wide-ranging and diverse experience within the different fields of architectural planning and design. SARC designs prominent urban and functionally challenging new buildings and renovation projects. Besides office, retail and residential projects, we design and plan hospital, university and public buildings as well as laboratories and museums. Demanding renovation projects, changes in use and development projects for protected sites and investment properties are our strengths. Many of our buildings have started with broader urban and town planning projects. SARC employs over 80 architecture professionals.

In the picture: The New Children’s Hospital

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Main enters growth partnership with Enterprise Architecture (EA) leader Bizzdesign

Main Capital Partners

Main Capital Partners today announces the acquisition of a majority stake in Bizzdesign, a global Enterprise Architecture software company. Bizzdesign’s Enterprise Architecture cloud platform helps customers with complex digital business changes by giving them insights to increase the success rate of business transformation and drive strategic execution. The partnership with Main strengthens Bizzdesign’s market-leadership position and fuels its growth strategy by further expanding its global footprint and executing strategic add-on acquisitions.

Bizzdesign, headquartered in The Netherlands, was founded in 2000 by a team of Dutch innovators as the commercial spin-off of a Research and Development institute. The company’s growth has accelerated significantly over the years, fuelled by its inspiring customer-centric vision, relevant and innovative product offerings, talented employees, and a dedicated global partner system. Bizzdesign has local international operating offices in Boston (USA), London (UK), and Gronau (Germany).

In 2021, Bizzdesign was recognised as a leader in Gartner’s Magic Quadrant for Enterprise Architecture for the 6th consecutive time. Bizzdesign Horizzon, its flagship Enterprise Architecture SaaS platform, brings together strategy, IT architecture, operating models, data, capabilities, change portfolios and ideas into a single, intuitive, collaborative business design platform. Real-time visibility of key metrics and trends allows customers to take action quickly.

Bizzdesign has more than 350 customers globally with a strong customer presence in the financial services and public sectors. The company counts many blue-chip giants amongst its global base, including Desjardins Technology Group, Maersk, T-Mobile and ASML. Bizzdesign has direct operations in EMEA and North America, and it has recently expanded to the Asia-Pacific region with a presence in Australia.

International growth acceleration
Supported by Main’s international software expertise, Bizzdesign will now look to further develop its product portfolio offering to enable customers to achieve rapid time to value of their business transformation initiatives. In addition, Bizzdesign and Main will jointly aim to accelerate its already impressive growth trajectory. This strategy will include the expansion and delivery of its innovative product offering and roadmap, and strategic add-on acquisitions with a prerequisite for geographical expansion.

Hugo Ehrnreich, Chief Executive Officer of BiZZdesign, commented:
“We’re proud of how we’ve consolidated and expanded our global leadership position over the last five years. We’ve done so thanks to our growing world-class customer base, uniquely powerful Enterprise Architecture cloud platform, and above all, our unique culture and the unrivalled expertise, passion and dedication of our team. But this is only the beginning. We see immense untapped potential to ‘take our company to the next level’ and unleash the full value and power of Enterprise Architecture for our customers’ businesses and the broader enterprise, business, solution and security architect community. We’re therefore delighted to partner with Main to accelerate this path to ‘next-level value’ and strengthen our product offering and innovation, geographic footprint and global strategic partner network through selected strategic add-on acquisitions.”

Dr. Harmen van den Berg, co-founder of Bizzdesign, said:
“Over the past 22 years, Bizzdesign has grown from a small Dutch R&D start-up to a Global Leader in Enterprise Architecture and we’re partnering with some of the largest private and public organizations in the world. As founders, we’re proud to welcome Main as co-investors to the Bizzdesign family. It was critical for us to find the right partner with the right cultural fit and a strong expert team to support us in scaling further while ensuring continuity for our customers and our team. With Main, we’re convinced that we’ve found this partner and we’re excited to write the next chapter of our company’s story together.’’

Pieter van Bodegraven, Managing Partner Benelux at Main Capital Partners, added:
We have known the founders and management team of Bizzdesign for several years and have been consistently impressed by their performance. Bizzdesign is a leading software provider in the Enterprise Architecture market, which has been rapidly expanding in recent years. The increasing need to align business strategy with IT and the complexity of these change projects is expected to continuously drive growth moving forward. We are therefore delighted to partner with the Bizzdesign team and combine forces to further strengthen and accelerate the company’s profitable growth track record through the combination of strong continued organic growth and strategic add-on acquisitions.

Bizzdesign
Founded in 2000, Bizzdesign is the trusted global SaaS Enterprise Architecture platform and recognized as a leader by major analyst firms. They help the world’s leading public and private organizations guarantee the success of investment prioritization, transformation initiatives, and risk management. Bizzdesign helps architects and executives to see a full multi-dimensional picture, find and design the right path and execute with confidence to their targeted future. The company believes that success should not be a matter of luck. It should be by design.

Main Capital Partners
Main Capital Partners is a leading software investor in the Benelux, DACH and the Nordics. Main has almost 20 years of experience in strengthening software companies and works closely together with management teams of its portfolio companies as a strategic partner, in order to realize sustainable growth and build excellent software groups. Main counts over 50 employees and has offices in The Hague, Stockholm and Düsseldorf. As of October 2021, Main has over EUR 2.2 billion of assets under management. Main has invested in more than 130 software companies to date, whom have created jobs for approximately 5,000 employees.

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Ratos company HENT signs major contract to build 70,000 square metres of office premises in Stavanger

Ratos

The construction company HENT has been appointed as general contractor for the Valhall project, where 70,000 square metres of modern, flexible and energy-efficient office premises will be completed in the middle of 2025 in Jåttåvågen, Stavanger. The land is owned by Hinna Park Utvikling (HPU), and the buildings will be, among other things, home to the new headquarters of Aker BP and Aker Solutions in Stavanger.

The project, which is worth NOK 2 billion, will be carried out with HENT as general contractors after a collaboration phase within HENT’s “Project agreement model”.

Ratos strongly believes in partnering and collaboration in construction contracts. Partnering leads to more satisfied customers, lower total costs for customers and significantly fewer miscommunications.

“As the company’s owner, we are proud that HENT will be involved in building another landmark in an important region in Norway. We will do our utmost to live up to the trust invested in us,” says Christian Johansson Gebauer, Chairman of the Board of HENT and President, Business Area Construction & Services, Ratos.

“We are very pleased that after a good and constructive phase of collaboration, we can realize the project as general contractors. The building will, in line with the best sustainability standards, be certified to BREEAM Excellent and WELL GOLD and thus become an office building adapted to current and future sustainability requirements. Rogaland is a region that HENT will continue to invest in moving forward,” says Jan Jahren, CEO of HENT.

For further information and media contact:
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21

About Ratos
Ratos is a business group consisting of 14 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2021, the companies have approximately SEK 25 billion in net sales. Our business concept is to own and develop companies that are or can become market leaders. 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 companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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Linden Announces Agreement to Acquire Majority Stake in Aspirion

Linden

Chicago, IL and Columbus, GA (June 21, 2022) – Linden Capital Partners (“Linden”), a Chicago-based private equity firm focused exclusively on the healthcare industry, today announced that it has signed a definitive agreement to make a majority investment in Aspirion (the “Company”), a leader in technology-enabled healthcare revenue cycle management (“RCM”). Following the transaction, the Company’s management team and Aquiline Capital Partners (“Aquiline”), a private investment firm based in New York and London, will remain investors in the Company.

Aspirion is a leading healthcare RCM provider across complex claims and revenue integrity, offering a broad array of technology-driven solutions for the most specialized revenue cycle challenges faced by hospital systems and healthcare providers. The Company’s team of healthcare, legal, and technical professionals, in conjunction with its proprietary AI-enabled software, help hospitals and physicians improve claims processing time and increase overall collections. Aspirion’s product suite is centered on complex claims, an umbrella category for third party liability claims related to non-traditional payors, and revenue integrity, which addresses clinically complex claims with traditional medical payors.

“We are very excited to enter into this partnership with Linden and leverage Linden’s deep healthcare experience, relationships, and strategic support to execute against our shared value creation plan and better serve our clients,” said Jason Erdell, CEO of Aspirion.

Kam Shah, Partner at Linden, said “We congratulate Jason and the entire Aspirion management team on their collective roles in building a highly regarded provider of specialized RCM solutions whose differentiated capabilities help hospital systems and providers navigate a difficult operating environment characterized by increasing denial rates and growing complexity in patient clinical records. We look forward to supporting Aspirion and positioning the Company for continued growth, particularly through strategic investments in technology, product, and M&A.”

“We are proud to have helped Aspirion become an industry leader in complex claims RCM through investing in people, technology and strategic acquisitions,” said Jeff Greenberg, Chairman and CEO of Aquiline Capital Partners. “We look forward to continuing as investors and, alongside Linden, supporting Aspirion through its planned next phase of growth.”

The transaction is subject to customary closing conditions. Baird is serving as exclusive financial advisor and Ropes & Gray LLP is serving as legal counsel to Aquiline and Aspirion. Guggenheim Securities, LLC and Cain Brothers, a division of KeyBanc Capital Markets Inc., are serving as financial advisors and Kirkland & Ellis LLP is serving as legal counsel to Linden. Twin Brook Capital Partners is providing debt financing for the transaction.

About Aspirion
Aspirion, headquartered in Columbus, GA, helps hospitals and physicians recover otherwise lost claims revenue from Motor Vehicle Accidents, Workers’ Compensation, Veterans Affairs, and TRICARE as well as out-of-state Medicaid, Medicaid eligibility, underpayments, and denials. Aspirion’s experienced team of healthcare, legal, and technical professionals combined with industry-leading technology platforms help ensure that providers receive their Complex RCM revenue so that providers, hospitals, and their staff can focus on patient care. The Company serves over 140 clients across 45 states, including 40% of the largest health systems in the U.S.

About Linden Capital Partners
Linden Capital Partners is a Chicago-based private equity firm focused exclusively on the healthcare industry. Founded in 2004, Linden is one of the country’s largest dedicated healthcare private equity firms. Linden’s strategy is based upon three elements: (i) healthcare specialization, (ii) integrated private equity and operating expertise, and (iii) its differentiated human capital program. Linden invests in middle market platforms in the medical products, specialty distribution, pharmaceutical, and services segments of healthcare. Since its founding, Linden has invested in over 40 healthcare companies encompassing over 200 total transactions. The firm has raised over $6 billion in limited partner commitments since inception. For more information, please visit www.lindenllc.com.

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Linden Announces Agreement to Acquire Majority Stake in Aspirion from Aquiline Capital Partners

Aquiline

Chicago, IL and Columbus, Ga. (June 21, 2022) – Linden Capital Partners (“Linden”), a Chicago-based private equity firm focused exclusively on the healthcare industry, today announced that it has signed a definitive agreement to make a majority investment in Aspirion (the “Company”), a leader in technology-enabled healthcare revenue cycle management (“RCM”). Following the transaction, the Company’s management team and Aquiline Capital Partners (“Aquiline”), a private investment firm based in New York and London, will remain investors in the Company.

Aspirion is a leading healthcare RCM provider across complex claims and revenue integrity, offering a broad array of technology-driven solutions for the most specialized revenue cycle challenges faced by hospital systems and healthcare providers. The Company’s team of healthcare, legal, and technical professionals, in conjunction with its proprietary AI-enabled software, help hospitals and physicians improve claims processing time and increase overall collections. Aspirion’s product suite is centered on complex claims, an umbrella category for third party liability claims related to non-traditional payors, and revenue integrity, which addresses clinically complex claims with traditional medical payors.

“We are very excited to enter into this partnership with Linden and leverage Linden’s deep healthcare experience, relationships, and strategic support to execute against our shared value creation plan and better serve our clients,” said Jason Erdell, CEO of Aspirion.

Kam Shah, Partner at Linden, said “We congratulate Jason and the entire Aspirion management team on their collective roles in building a highly regarded provider of specialized RCM solutions whose differentiated capabilities help hospital systems and providers navigate a difficult operating environment characterized by increasing denial rates and growing complexity in patient clinical records. We look forward to supporting Aspirion and positioning the Company for continued growth, particularly through strategic investments in technology, product, and M&A.”

“We are proud to have helped Aspirion create its industry-leading complex claims RCM platform through investing in people, technology and strategic acquisitions,” said Jeff Greenberg, Chairman and CEO of Aquiline Capital Partners. “We look forward to continuing as investors and, alongside Linden, supporting Aspirion through its planned next phase of growth.”

The transaction is subject to customary closing conditions. Baird is serving as exclusive financial advisor and Ropes & Gray LLP is serving as legal counsel to Aquiline and Aspirion. Guggenheim Securities, LLC and Cain Brothers, a division of KeyBanc Capital Markets Inc., are serving as financial advisors and Kirkland & Ellis LLP is serving as legal counsel to Linden. Twin Brook Capital Partners is providing debt financing for the transaction.

About Aspirion Aspirion, headquartered in Columbus, Ga., helps hospitals and physicians recover otherwise lost claims revenue from Motor Vehicle Accidents, Workers’ Compensation, Veterans Affairs, and TRICARE as well as out-of-state Medicaid, Medicaid eligibility, underpayments, and denials. Aspirion’s experienced team of healthcare, legal, and technical professionals combined with industry-leading technology platforms help ensure that providers receive their Complex RCM revenue so that providers, hospitals, and their staff can focus on patient care. The Company serves over 140 clients across 45 states, including 40% of the largest health systems in the U.S.

About Linden Capital Partners Linden Capital Partners is a Chicago-based private equity firm focused exclusively on the healthcare industry. Founded in 2004, Linden is one of the country’s largest dedicated healthcare private equity firms. Linden’s strategy is based upon three elements: (i) healthcare specialization, (ii) integrated private equity and operating expertise, and (iii) its differentiated human capital program. Linden invests in middle market platforms in the medical products, specialty distribution, pharmaceutical, and services segments of healthcare. Since its founding, Linden has invested in over 40 healthcare companies encompassing over 200 total transactions. The firm has raised over $6 billion in limited partner commitments since inception. For more information, please visit www.lindenllc.com.

About Aquiline Capital Partners Aquiline Capital Partners, founded in 2005, is a private investment firm based in New York and London investing in companies across financial services and technology, healthcare, and business services. The firm had $8.7 billion in assets under management as of March 31, 2022. For more information about Aquiline, its investment professionals, and its portfolio companies, please visit www.aquiline.com.

Media Contacts Katie Kornel for Linden Capital Partners info@lindenllc.com 312-506-5600

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Clearlake Capital-backed Wheel Pros agrees to acquire Transamerican auto parts from Polaris

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Clearlake

Strategic Acquisition Creates a Vertically Integrated Omnichannel Platform for Aftermarket Automotive Parts and Accessories

 

GREENWOOD VILLAGE, CO and COMPTON, CA – June 16, 2022 – Wheel Pros, a designer, manufacturer and distributor of proprietary branded aftermarket vehicle enhancements for light trucks, SUVs, passenger cars and ATVs/UTVs backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and in partnership with management, today announced it has entered into a definitive agreement to acquire Transamerican Auto Parts (“TAP” or “the Company”) from Polaris  Inc. (NYSE: PII), the global leader in powersports. TAP is a vertically integrated manufacturer, distributor, retailer and installer of off-road Jeep and light truck parts and accessories. In 2021, TAP generated nearly $760 million in revenue.

 

“We are thrilled to combine with TAP and build a vertically integrated omnichannel platform for aftermarket automotive enhancements across a wide range of vehicles,” said Randy White, Co-Founder and CEO, and Brian Henderson, Chief Strategy Officer, at Wheel Pros. “TAP’s extensive product portfolio, proprietary brands, manufacturing capabilities, and omnichannel platform have resulted in an automotive and off-roading enthusiast following that we have long admired. We look forward to working with the TAP team as we undertake new initiatives to accelerate the growth of the combined business and continue to drive value for our customers, suppliers, and partners.”

 

Headquartered in Compton, California, TAP sells and installs an extensive line of parts and accessories for Jeep and truck enthusiasts, including products manufactured under its six proprietary aftermarket brands: SMITTYBILT®, PRO COMP®, RUBICON EXPRESS, POISON SPYDER™, G2™, and 4WP FACTORY. TAP’s omnichannel platform operates under the 4 WHEEL PARTS brand, and serves automotive and off-roading enthusiasts through retail, eCommerce, and wholesale. The Company has a growing online presence via  4WheelParts.com and 4WD.com, and TAP’s integrated platform enables buy online, pick-up, and install in store.

 

“TAP is a scaled player in the aftermarket automotive industry, and the combination with Wheel Pros creates a vertically integrated omnichannel platform that better serves automotive and off-roading enthusiasts,” said José E. Feliciano, Co-Founder and Managing Partner, and Colin Leonard, Partner, at Clearlake. “We look forward to continuing to leverage our O.P.S.® framework in partnership with the Wheel Pros team to drive both organic and inorganic growth as the company builds upon its position as a premier automotive aftermarket enthusiast platform.”

 

“With this combination, we have brought together two well-known businesses in the automotive aftermarket industry,” said Dilshat Erkin, Senior Vice President at Clearlake. “We are excited to welcome the TAP team to the Wheel Pros organization and continue to support the combined business as they embark on new innovative projects to accelerate growth.”

 

The transaction is expected to close early in the third quarter, subject to customary closing conditions. Baird acted as financial advisor to Polaris in connection with the transaction. Kirkland & Ellis LLP served as legal counsel to Wheel Pros and Clearlake.

 

ABOUT WHEEL PROS

 

Founded in 1995, Wheel Pros serves the automotive enthusiast industry with a wide selection of vehicle enhancements from its portfolio of lifestyle brands, including Fuel-Off-Road, American Racing, KMC, Rotiform and Black Rhino. Utilizing its expanding global network of distribution centers spanning North America, Australia and Europe, Wheel Pros serves over 13,500 retailers and has a growing ecommerce presence to provide enthusiast consumers with access to the products they desire. More information is available at www.wheelpros.com.

 

ABOUT TAP

 

TAP sells and installs an extensive line of parts and accessories for Jeep and truck enthusiasts, including products manufactured under its six proprietary aftermarket brands: SMITTYBILT®, PRO COMP®, RUBICON EXPRESS, POISON SPYDER™, G2™, and 4WP FACTORY. TAP’s omnichannel platform operates under the 4 WHEEL PARTS brand, and serves automotive and off-roading enthusiasts through retail, eCommerce, and wholesale. More information is available at www.transamericanautoparts.com.

 

ABOUT CLEARLAKE

 

Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials, and consumer. Clearlake currently has over $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. More information is available at www.clearlake.com and on Twitter @Clearlake.

 

Contact

 

For Wheel Pros:

Max Krapff

Backbone Media

970.658.5252 ext. 1174

max.krapff@backbone.media

 

For Clearlake:

Jennifer Hurson

Lambert & Co.

+1 845-507-0571

jhurson@lambert.com

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Ratos carries out major investment in new platform – acquires majority stake in Knightec

Ratos

Ratos has signed an agreement to acquire 70% of the consulting company Knightec, thereby entering into a partnership with co-founder and CEO Dimitris Gioulekas. Over the past 12 months, Knightec had sales of SEK 941m, with adjusted EBITA of SEK 140m. The cash-free, debt-free purchase price for 100% of the company (enterprise value) amounts to SEK 1,625m, corresponding to a multiple of 11.6 (EV/EBITA).

Knightec was founded in 2003 and has experienced strong growth ever since, mainly generated organically but also through strategic acquisitions. The company stands out thanks to its rapid rate of change and industry-leading profitability. Through its unique customer offerings and strong community involvement, Knightec has established a strong market position in technology, design and digitalisation of products and services.

“I am impressed by Knightec’s development in recent years, and Ratos is proud to have been entrusted to enter into a partnership with CEO and co-founder Dimitris Gioulekas and thereby contribute to the company’s continued growth. Knightec currently holds a strong position in the market and is an excellent start to our focus on this sector, which will be an important area for Ratos going forward. Through this acquisition, we will gain exposure to the growing consultancy industry, where we already have solid experience,” says Jonas Wiström, President and CEO, Ratos.

“Knightec will remain a driving force in the digital transformation towards sustainable products and services. Our ability to establish partnerships with key customers and partners has been crucial to our success. This partnership with Ratos will create excellent opportunities to continue investing in new areas in order to strengthen our market position and continue to deliver industry-leading growth and profitability,” says Dimitris Gioulekas, co-founder and CEO, Knightec.

With over 800 employees across Sweden, Knightec specialises in advanced projects that straddle technology, design and digitalisation. Its customers include large corporations with a leading position in various sectors, such as automotive, pharmaceutical, medical technology, finance, telecom, media and security.

Financing and impact on Ratos
The acquisition was financed with Ratos’s own funds and bank financing. For the Ratos Group, the acquisition corresponds to a pro forma increase in sales of just over 4% and an increase of 7% in adjusted EBITA for LTM May 2022. The Ratos Group’s leverage in April 2022 amounted to 0.8x EBITDA and will increase pro forma to 1.4x EBITDA. The CEO and other key employees of Knightec will make a reinvestment in conjunction with the transaction, with their holding amounting to approximately 30% of the shares in the company. After a certain period of time and at the earliest in full after five years, both these key employees and Ratos have a customary right to demand that Ratos acquire the shares at market value.

The acquisition of Knightec is conditional on customary competition clearance.

Press briefing
Representatives of the media are welcome to a press briefing at 09.45 a.m. CEST at Ratos’s office, Sturegatan 10 in Stockholm. Participants will be Jonas Wiström, President and CEO at Ratos and Dimitris Gioulekas, CEO at Knightec. It is also possible to participate digitally via Teams. Mandatory registration, contact VP communication Josefine Uppling, +46 76 114 54 21 or e-mail josefine.uppling@ratos.com.

For further information and media contact:
Jonas Wiström, President and CEO, Ratos, +46 76 114 54 21
Dimitris Gioulekas, CEO, Knightec, +46 70 569 96 88
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21

This is information that Ratos AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 07:00 a.m. CEST on 16 June 2022.

About Ratos
Ratos is a business group consisting of 14 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2021, the companies have approximately SEK 25 billion in net sales. Our business concept is to own and develop companies that are or can become market leaders. 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 companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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CapMan Growth exits semiconductor equipment company Picosun

Capman

CapMan Growth press release

16 June 2022 at 2:45 p.m. EEST

CapMan Growth exits semiconductor equipment company Picosun  

Picosun Oy has been acquired by Applied Materials, Inc., a US-based leading semiconductor equipment company. This is the largest exit in CapMan’s operating history, measured by the portfolio company’s exit value. The investment has been very successful, taking the Growth 2017 fund into carry upon exit.

CapMan invested in Picosun in 2019, and since then Picosun has grown as a company, building new facilities, opening new markets, and developing ALD technology primarily for specialty semiconductors. Based in Espoo, Finland, the company has operations in Europe, the United States and Asia. The company serves hundreds of customers, including Nasdaq top-10 companies, and has over 200 employees worldwide.

ALD, or Atomic Layer Deposition, a technology originally developed in Finland, enables the fabrication of ultrathin precise films, which is a prerequisite for the functionality of modern electronics. ALD is used in, among others, silicon wafers, electronic sensors, optoelectronics, and medical devices with new applications being established constantly.

“Picosun is a highly successful growth story and has achieved global recognition and a loyal customer base. The strengthened management team and expanded production capacity have built a strong foundation for further growth with the new owner. This journey has been a great success thanks to the extraordinary Picosun team lead by CEO Jussi Rautee. It has also been an honour to work in close co-operation with a truly committed main owner Stephen Industries (family office of Kustaa Poutiainen) and other active investors,” says Juha Mikkola, Senior Partner at CapMan Growth.

CapMan Growth Equity 2017 Fund Ky starts generating carried interest following the completion of the exit and the fund has eight companies remaining. Picosun is the largest exit in CapMan’s operating history, measured by the portfolio company’s exit value.

For more information, please contact:

Juha Mikkola, Senior Partner, CapMan Growth, +358 50 590 0522

About CapMan Growth

CapMan Growth is a leading Nordic growth investor making significant minority investments in companies targeting strong growth and internationalisation. CapMan Growth is part of CapMan, a leading Nordic private asset expert with an active approach to value creation. As one of the private equity pioneers in the Nordics we have built value in unlisted businesses, real estate, and infrastructure for over three decades. With over to €4.7 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We are dedicated to set science-based targets to reduce our greenhouse gas emissions in line with the Paris Agreement. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover minority and majority investments in portfolio companies and real estate, and infrastructure assets. We also provide wealth management solutions. Our service business includes procurement and analysis, reporting and back office services. Altogether, CapMan employs approximately 180 professionals in Helsinki, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. For more information, visit growth.capman.com and www.capman.com

About Picosun

Picosun provides the most advanced ALD (Atomic Layer Deposition) thin film coating solutions for global industries. Picosun’s ALD solutions enable technological leap into the future, with turn-key production processes and unmatched, pioneering expertise in the field – dating back to the invention of the technology itself. Today, PICOSUN® ALD equipment are in daily manufacturing use in numerous leading industries around the world. Picosun is based in Finland, with subsidiaries in Germany, USA, Singapore, Japan, South Korea, China mainland and Taiwan, offices in India and France, and a world-wide sales and support network. Visit www.picosun.com.

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AnaCap signs agreement with Nets, part of Nexi Group, for the acquisition of its digital invoice distribution and bill payment solutions business EDIGard

Anacap
  • EDIGard is a leading pan-Nordic end-to-end SaaS platform covering the full bill payments ecosystem for enterprises and SMEs
  • AnaCap to back ambitious entrepreneurial management team to drive further growth in additional European jurisdictions

AnaCap Financial Partners (“AnaCap”), a leading specialist mid-market private equity investor in technology enabled companies across financial and related business services, today announces that it has signed an agreement with Nets, part of Nexi Group, for the acquisition of its pan-Nordic digital invoice distribution platform and bill payment solutions business EDIGard AS (“EDIGard”).

EDIGard is headquartered in Norway and operates across Sweden, Denmark, Finland, UK and Germany. It comprises the EdiEX branded platform and is part of Nets Issuer & eSecurity Services umbrella. The decision to sell EDIGard resulted from a strategic review of the Nexi Group’s perimeter following the completion of the mergers with Nets and SIA.

EDIGard’s software platform ediEX, is an end-to-end invoicing platform that is strongly integrated with clients’ enterprise resource planning (“ERPs”) and accounting software. It enables customers to optimise the invoicing process as a whole whilst also providing wider services such as payment service provider (“PSP”) integration, payment reminders and invoice reconciliation.

EDIGard strategically focuses on addressing the invoicing requirements of large enterprises such as banks, utilities, debt collection (low-ticket, high volume, recurring invoices) whilst also serving local SMEs via its partner network.

Tassilo Arnhold, Partner & Alberto Sainaghi, Investment Director at AnaCap, commented: 

“We are delighted to sign an agreement for EDIGard and partner with this already strong management team that in recent years has achieved impressive growth across the Nordics. We strongly believe that the business aligns with a number of AnaCap’s core strengths including the continuous demand for the adoption of tech-enabled and digitalisation processes, new payment integration methods and a general focus on the broader invoicing ecosystem.”

Rune Løbersli, Chief Executive Officer at EDIGard, concluded:

“EDIGard has great scope to continue its recent successes and evolution across the Nordics and further internationalise its offering into additional European jurisdictions. We have found in AnaCap the right partner to continue this expansion given their impressive track record in building businesses with high growth potential in tech-enabled financial services and its activity in the payments sector across Europe more broadly.”

Jun 16 2022

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3i invests in Digital Barriers to drive international growth, accelerate new channel sales and further develop its unique technology

3I

3i Group plc (“3i”) announces that it has agreed to invest in Digital Barriers, a leading provider of IoVT (Internet of Video Things) surveillance and security products. 3i is investing alongside existing investor, Volpi Capital LLP, who will maintain a minority stake in the business.

Headquartered in the UK with offices across the US and Europe, Digital Barriers’ unique video compression technology allows live streaming over low-bandwidth environments, including cellular body worn cameras, and an ever growing set of commercial applications. When coupled with its cloud-based, video management platform Digital Barriers is able to provide an end-to-end solution incorporating a wide range of AI-based operational, safety and business intelligence analytics – the only such cloud video platform that works as effectively on cellular as on fixed networks.

The company has been a trusted partner to leading law enforcement, intelligence and defence agencies around the world for many years and will continue to serve this market. Working closely with Intel, Digital Barriers has leveraged its unique IP to develop commercial off-the-shelf products that are now being sold by blue chip telecom and security partners such as AT&T, Vodafone, Fujitsu and G4S to a wide range of commercial and public sector customers across various end-markets.

The partnership with 3i will enable Digital Barriers to accelerate its international expansion, invest further in its unique technology, significantly grow its go-to-market capabilities to support its channel partners and pursue targeted acquisitions to build out its differentiated solution.

David Stephens, co-Head of 3i’s UK Private Equity team, commented: “Digital Barriers provides a highly attractive market and growth opportunity with a strong executive team, led by Zak Doffman. The video surveillance industry is at an inflection point with a shift towards live-streaming, growing cloud adoption and increased analytics enabling greater scalability and opening up more commercial applications. Digital Barriers’ unique technology positions it at the forefront of this movement and we look forward to supporting Zak and the team as they continue to build on the company’s strong relationships with blue chip partners and expand their global operations.”

Zak Doffman, CEO of Digital Barriers, said: “We are delighted to be partnering with 3i and benefiting from their expertise and global reach as we expand our offering with new products, move towards a subscription-based model and broaden our customer base, whilst continuing to provide a highly differentiated product and market-leading technology. We have now made live video over cellular networks a reliable and affordable reality for the first time – working with 3i and our new channel partners we can take these disruptive solutions out much more widely.”

The transaction is conditional upon certain regulatory approvals and is expected to complete in Q3 2022.

For further information, contact:

3i Group plc

 

Silvia Santoro

Investor enquiries

 

Kathryn van der Kroft

Media enquiries

 

 

Tel: +44 20 7975 3258

Email: silvia.santoro@3i.com

 

Tel: +44 20 7975 3021

Email: kathryn.vanderkroft@3i.com

 

About 3i Group

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

About Digital Barriers

Digital Barriers is a leading provider of IoVT (internet of video things) surveillance and security products. Headquartered in the UK with regional offices in the US, Europe and Asia-Pacific, Digital Barriers has developed a trusted global customer-base spanning industries such as defence and national security, law enforcement, border security, first responders, critical national infrastructure, transportation agencies, automotive and mobility and private security in over 60 over countries.

Regulatory information

This transaction involved a recommendation of 3i Investments plc.

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