Archives

EQT introduces the EQT Transition Infrastructure strategy with the acquisition of energy storage system developer and operator ju:niz Energy

eqt

EQT Transition Infrastructure will build on EQT’s experience in backing climate-related opportunities across strategies and more than 15 years of investing in energy transition-related infrastructure

The strategy will provide capital, as well as industrial, technological, and sustainability expertise to scale businesses and support the transition to a decarbonized and climate-resilient future

ju:niz Energy (or the “Company”), a battery energy storage system developer and operator, will be the strategy’s first highly thematic investment, to be acquired with capital from EQT’s balance sheet

Introducing the EQT Transition Infrastructure strategy
EQT Transition Infrastructure will seek to scale businesses that help enable the transition across industries to clean energy and a more resource-efficient, circular economy. Investing in North America, Europe, and Asia Pacific, the strategy will leverage EQT’s longstanding industrial experience in building businesses and deep sector expertise, and extensive experience across energy & environmental and transport & logistics investments. It will complement the Value-Add and Active Core strategies in EQT’s existing EUR 72 billion1 global infrastructure business. Since its inception over 15 years ago, EQT Infrastructure has invested over EUR 17 billion, including co-investment, in energy transition-related opportunities across 25 platform deals.

The strategy will be led by Jan Vesely, Head of EQT Transition Infrastructure in New York, and Asis Echaniz, Head of EQT Transition Infrastructure Europe in Madrid, and supported by the 130-strong EQT Infrastructure investment team. The strategy will be chaired by Francesco Starace, who joined EQT in 2023 from his position as CEO of Enel, one of the world’s largest energy utility companies and a leader in the sustainable energy transition.

Francesco Starace, Partner and Chair of EQT Transition Infrastructure, noted: “According to the International Energy Agency, technologies available today, combined with policy measures and investment, could deliver more than 80% of the emissions reductions needed by 2030. I’m excited that EQT will be able to expand its access to scaling companies with established transition-related solutions, an area that is additive to our existing infrastructure strategies. We also see this as a milestone to deepen EQT’s partnerships with our clients by offering a variety of complementary propositions addressing the huge investment need to transition to a low-carbon economy.”

Jan Vesely, Partner and Head of EQT Transition Infrastructure, commented: “The pace of technological innovation and a steady reduction in costs, coupled with digitalization and the evolution of AI, continue to drive the need for a transformation of our energy systems and the economy. Against this backdrop, EQT Transition Infrastructure will help emerging but proven solutions and businesses scale, to create the next generation of sustainable energy infrastructure.”

EQT invests in Infrastructure and Private Capital climate-related opportunities from early-stage ventures through scale-up to large buyouts. Through these investments, it aims to help strong companies address environmental challenges by driving their growth, improving their operations, and offering relevant solutions through their products and services. EQT has helped 49 portfolio companies, corresponding to 57% of its invested equity, to validate near-term Science Based Targets.2

ju:niz Energy becomes the first investment of the EQT Transition Infrastructure strategy
Headquartered in Aschheim, Germany, ju:niz Energy develops, builds, and operates utility-scale battery energy storage systems to the latest technical standards. EQT will acquire the Company from its founder, Dr. Franz Hauk.

Increasing reliance on renewable, intermittent energy sources, coupled with rising power demand from the electrification of industries and households, requires solutions to strengthen energy grid stability, including in Germany. As the largest European electricity market with rapidly expanding renewable generation capacity, the country offers significant potential for energy storage infrastructure. In this context, ju:niz Energy is well-positioned to deploy utility-scale battery energy storage systems which help support grid stability and advance decarbonization efforts.

EQT will help ju:niz Energy build on its track record and early-mover advantage to expand its business model and become an independent flexibility provider with increased asset ownership. It will support the business to build on its experience across the entire value chain to scale its development of battery energy storage projects and successfully execute on its sizeable pipeline at various levels of maturity.

Asis Echaniz, Partner and Head of EQT Transition Infrastructure Europe, added: “The introduction of this strategy reinforces EQT’s commitment to investing towards a climate-resilient future. ju:niz Energy is a perfect example of the type of business that EQT Transition Infrastructure will seek to invest in. We believe its innovative technology has strong underlying economics and the potential to help our energy infrastructure become significantly cleaner, more affordable and resilient. We look forward to partnering with the team during the Company’s next stage of growth.”

The transaction is subject to customary conditions and approvals. EQT was advised by UBS (financial), Gibson Dunn & Crutcher and Norton Rose Fulbright (legal) and McKinsey (commercial).

Contact
EQT Press Office, press@eqtpartners.com

1Total AuM as of Q3 2024
2As of Q3 2024

About

About EQT
EQT is a purpose-driven global investment organization with EUR 246 billion in total assets under management (EUR 134 billion in fee-generating assets under management), divided into two business segments: Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific, and the Americas and supports them in achieving sustainable growth, operational excellence, and market leadership.

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

About ju:niz Energy
ju:niz Energy develops and operates advanced large-scale battery storage systems designed to be both system- and grid-compatible while ensuring economic viability. The company’s value chain encompasses project development — from site acquisition to grid connection, project management — including planning, construction, and commissioning, as well as technical operations, maintenance, and commercial management, which involves coordinating market operations and optimizing system performance. ju:niz Energy’s strength lies in the seamless integration of planning and operations.

Categories: News

Tags:

Ethyca Secures $10M Investment to Accelerate Enterprise Growth; Welcomes Mozilla, Axios, and Ramp as New Customers

AXA

Ethyca scales its mission to solve the most technical challenges in data privacy for modern enterprises.

Ethyca, the leader in data privacy engineering, today announced a $10 million funding round led by Aspenwood Ventures and AVP. The investment will drive Ethyca’s continued growth and support increasing demand for its enterprise-grade data privacy and AI governance platform. Ethyca has recently added industry leaders Mozilla, Axios, Remitly, and Ramp to its customer list, further solidifying its position as the leading provider for engineered data governance in the enterprise segment.

“At Ethyca, we’re tackling the most critical challenges in data governance—ethics and trust when it comes to data privacy, and all the compliance needs associated with it,” said Cillian Kieran, CEO of Ethyca. “This new funding combined with our rapid enterprise adoption validates our thesis that compliance and data are rapidly converging for the world’s biggest companies. Their need for a comprehensive data privacy solution is greater than ever and we are ready to solve the toughest challenges out there.”

The platform provides value by improving data visibility and governance for the enterprise segment, to help clients accelerate how they can use that data for their own growth. “Enterprises increasingly leverage proprietary data to anticipate and meet consumer needs,” Manish Agarwal, General Partner at AVP said. “The demand for sophisticated engineering tooling to handle private data will soar,” he continued, “and Ethyca is uniquely positioned to meet this critical demand.”

Manish added, “Our conversations with dozens of data privacy software buyers at enterprises highlighted widespread dissatisfaction with current solutions, often seen as lacking robust backend infrastructure for comprehensive data privacy management.” Mozilla, Axios and Ramp, among many others in 2024, have all made the switch to Ethyca after discovering the breadth and depth of Ethyca’s solution compared to legacy providers and upstart market competitors.

“Ethyca has raised the bar for the privacy sector,” Lars Leckie, Managing Director of Aspenwood said, “and has set a new bar for actually doing the management and deletion of data – this is both what consumers expect and want.” The company’s novel, engineering approach to data privacy is something that, Lars added, “no one else has figured out how to bring to market.”

Engineering Privacy for the Modern Enterprise

Ethyca’s ability to solve complex data governance challenges is underpinned by its open-source privacy engineering solution, Fides. Now the most widely adopted open-source privacy platform in the world, Fides powers privacy management for enterprises. Unlike traditional approaches, Fides integrates directly into technical infrastructure, allowing engineers to embed privacy at the core of their systems—delivering seamless compliance and data ethics at scale.

“Fides is a game changer for privacy engineering,” writes Neville Samuell, VP of Engineering at Ethyca. “It empowers engineers to operationalize privacy from the start, offering transparency and flexibility that traditional solutions can’t match. It’s more than just compliance—it’s about building automated tools for data management that can adapt to the evolving landscape of privacy regulations, instead of relying on patchwork processes.”

Strategic Vision for Growth

With the backing of Aspenwood Ventures and AVP, Ethyca is set to scale its impact globally. They are joining Ethyca’s existing investors, Des Traynor (Cofounder, Intercom), Guillermo Rauch (CEO, Vercel), Scott Belsky (CSO, Adobe) and Kevin Hartz (Cofounder, Eventbrite). This investment will go towards Ethyca enhancing key product capabilities and growing its team.

Today Ethyca also announces its new rebrand. These efforts along with continued investment in product development and customer success will lead Ethyca into a new growth phase in 2025. As the world’s largest organizations face increasing privacy complexities, Ethyca is primed to lead the charge, delivering practical, scalable solutions for the future of ethical data management.

About Ethyca

Ethyca is a world leader in data privacy and AI governance, offering engineer-first solutions for scalable data privacy systems for the modern enterprise. Trusted by leading companies across all sectors, including the New York Times, Surveymonkey, Mozilla, Axios and Ramp, Ethyca transforms how organizations engineer data privacy to build consumer trust and protect data for long-term growth. For more information, visit www.ethyca.com.

About Aspenwood Ventures

Aspenwood Ventures is a leading venture capital firm focused on early-stage enterprise software companies. With a strong track record of successful investments, Aspenwood has backed innovative companies that are transforming industries. The firm’s portfolio includes high-growth companies such as Mulesoft, Five9, Sonatype, Amberdata, MobileForce, Aria Systems, Wundergraph and Klue. By partnering with exceptional entrepreneurs Aspenwood is bringing the future of enterprise software to today.

​​About AVP

AVP is a global venture capital firm specializing in high-growth, technology-enabled companies, managing more than $2 billion in assets across four investment strategies: Venture, Growth, Late Stage, and Fund of Funds. Since its establishment in 2016, AVP has invested in more than 60 technology companies in Venture and Growth stages in the U.S. and Europe. With offices in New York, London, and Paris, AVP supports companies in expanding internationally and provides portfolio companies with tailored business development opportunities to further accelerate their growth. For more information about AVP, please visit www.axavp.com.

Contacts
Ethyca
Michael Melia, Head of Marketing
press@ethyca.com
+1 (917) 830 3336

Aspenwood Ventures
Haley Etter, Executive Assistant (haley@aspenwoodvc.com)

AVP
Sébastien Loubry, Partner Business Development (sebastien@axavp.com)

Categories: News

TSG expands market presence with acquisition of Aerocar

Accent Equity

 

Stockholm, 5 December 2024

  • ThorSvecon Group (TSG) expands into southern Sweden with the acquisition of Aerocar Konsult (Aerocar), based in Helsingborg
  • The acquisition enables improved service delivery capabilities in key local markets such as Malmö, Helsingborg, and Gothenburg
  • Aerocar’s management has re-invested alongside Accent Equity and TSG management

TSG, a portfolio company of Accent Equity, is pleased to announce the acquisition of Helsingborg-based Aerocar. This strategic move strengthens TSG’s position in the freight forwarding sector and accelerates its growth by integrating Aerocar’s expertise and operational capabilities. The combined entity will offer an expanded and more competitive portfolio of logistics solutions to existing and new customers.

With this acquisition, TSG significantly enhances its footprint in southern Sweden, enabling improved service delivery in key markets including Malmö, Helsingborg, and Gothenburg.

Daniel Berglind, Head of TSG Forwarding, commented:

“The acquisition of Aerocar represents a key milestone in our growth strategy, reinforcing our presence in southern Sweden. Aerocar’s experience and capabilities allow us to extend our full suite of services across this critical region, enabling us to better support our clients in Malmö, Helsingborg, and Gothenburg.”

Founded in 2007, Aerocar has built a strong reputation in the forwarding industry, primarily serving the Helsingborg region while managing logistics operations across global markets.

Jonas Bengtsson, founder of Aerocar, expressed his optimism about the partnership:

“Becoming part of TSG is an exciting opportunity for Aerocar. This partnership enables us to leverage TSG’s local expertise and global network, providing our customers with a broader range of services. Both companies share a dynamic entrepreneurial spirit and a customer-centric focus, making this collaboration a natural fit for our growth ambitions.”

Aerocar’s operations in Helsingborg will continue under the current management team, who will also become shareholders in TSG, ensuring continuity and local expertise.

Looking ahead, TSG remains focused on its growth agenda. Daniel Berglind outlined the company’s future plans:

“This is our second acquisition in a short period and a testament to our commitment to expanding both organically and through strategic acquisitions. With the support of Accent Equity, we are well-positioned to pursue further growth opportunities and continue delivering exceptional value to our customers.”

For more information, please contact:
Mikael Strand, Associate Partner of Accent Equity, +46 70 542 50 01,
mikael.strand@accentequity.se

Eric Hjalmarsson, CEO ThorSvecon Group, +46 70 331 71 22,
eric.hjalmarsson@tsg.se

Daniel Berglind, Head of TSG Global Forwarding, +46 70 591 41 65,
daniel.berglind@tsg.se

About ThorSvecon Group:
ThorSvecon Group is a logistics company offering door to door sustainable solutions integrating short sea liner services, terminals, warehousing, forwarding and agency services. The group’s short sea liner service is calling ports in Sweden, UK, Netherlands, and Belgium. In the UK, the group operates a port terminal in the port of Hull.
www.tsg.se

About Aerocar Konsult:
Aerocar Konsult is a logistics company specializing in freight forwarding and related services. The company is dedicated to providing flexible, customer-specific solutions designed to manage complex and time-sensitive logistics needs. Established in 2007, Aerocar is headquartered in Helsingborg and serves clients with a global reach.
www.aerocar.se

About Accent Equity:
Accent Equity has since 1994 invested in private Nordic companies where a new partner or owner can serve as a catalyst. Our ambition is to invest in and develop the companies to be Nordic, European or Global leaders through a professional, hands-on and long-term oriented approach that results in superior and sustainable returns.
accentequity.se
Follow Accent Equity on LinkedIn

Categories: News

CVC DIF sells 169MW portfolio of Uruguayan wind farm projects to Pluspetrol

CVC Capital Partners
  • CVC DIF makes successful first divestment from Latin American portfolio
  • Operational improvements at the Cerro Grande and Peralta sites yielded significant efficiency gains
  • Peralta site saw all 50 towers upgraded as part of wide ranging value creation strategy

CVC DIF, the infrastructure strategy of leading global private markets manager CVC, is pleased to announce that DIF Infrastructure V (DIF V) and DIF Infrastructure VI (DIF VI) have completed the sale of the Cerro Grande and Peralta wind farm projects in Uruguay to Pluspetrol.

The portfolio represents the second largest private portfolio in Uruguay for renewable assets totalling more than 169MW of installed capacity across 72 Enercon E-92 turbines.

Cerro Grande is a c.52MW operational wind farm project acquired by DIF V in 2019. Peralta is a c.118MW operational wind farm acquired by DIF VI in 2021. During its ownership, CVC DIF successfully optimised operations at both sites, including delivering a project to upgrade all 50 towers at the Peralta site over an 18-month period.

Andrew Freeman, Partner and Head of Exits at CVC DIF, said: “We are excited to announce our first divestments in Latin America, marking a significant achievement for DIF V and DIF VI. These successful exits highlight the impact our proactive value creation approach can deliver.

CVC DIF continues to deliver superior returns for its investors whilst financing the energy transition. We remain committed to identifying and capitalizing on opportunities that drive both financial performance and sustainable growth.”

DIF V and DIF VI were advised on the transaction by Scotiabank (financial), Herbert Smith Freehills (legal, corporate) and Hughes & Hughes (legal, project).

Categories: News

Tags:

Apollo Funds Acquire 50% Stake in 2 GW Texas Solar and BESS Portfolio from TotalEnergies

Apollo logo

NEW YORK, Dec. 04, 2024 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that funds managed by Apollo affiliates (the “Apollo Funds”) have agreed to acquire a 50% stake in a Texas solar and battery energy storage system (“BESS”) portfolio from TotalEnergies. The portfolio includes approximately 2 GW of solar and BESS assets in strategic locations in Texas’ ERCOT market, consisting of three solar projects with a total capacity of 1.7 GW and two battery storage projects with a combined capacity of 300 MW. TotalEnergies will retain a 50% stake in the portfolio and continue to operate the assets, which include Danish Fields, Cottonwood and Hill Solar I.

Apollo Partner Brad Fierstein said, “We are pleased to partner with TotalEnergies, a leading energy company at the forefront of the energy transition, and to invest in a highly contracted, scaled renewable asset portfolio. Apollo’s Clean Transition strategy enables us to be a flexible and long-term capital partner, supporting the growth of TotalEnergies’ Integrated Power business and capital recycling strategy.”

Over the past five years, Apollo-managed funds have deployed approximately $40 billioni into energy transition and sustainability-related investments, supporting companies and projects across clean energy and infrastructure, including offshore and onshore wind, solar, storage, renewable fuels, electric vehicles as well as a wide range of technologies to facilitate decarbonization. Across asset classes, Apollo targets deploying $50 billion in clean energy and climate investments through 2027 and sees the opportunity to deploy more than $100 billion by 2030.

The transaction is subject to customary closing conditions and is expected to be completed in Q4 2024.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2024, Apollo had approximately $733 billion of assets under management. To learn more, please visit www.apollo.com.

Apollo Contacts

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

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

________________
i As of June 30, 2024. Deployment commensurate with Apollo’s proprietary Climate and Transition Investment Framework, which provides guidelines and metrics with respect to the definition of a climate or transition investment. Reflects (a) for equity investments: (i) total enterprise value at time of signed commitment for initial equity commitments; (ii) additional capital contributions from Apollo funds and co-invest vehicles for follow-on equity investments; and (iii) contractual commitments of Apollo funds and co-invest vehicles at the time of initial commitment for preferred equity investments; (b) for debt investments: (i) total facility size for Apollo originated debt, warehouse facilities, or fund financings; (ii) purchase price on the settlement date for private non-traded debt; (iii) increases in maximum exposure on a period-over-period basis for publicly-traded debt; (iv) total capital organized on the settlement date for syndicated debt; and (v) contractual commitments of Apollo funds and co-invest vehicles as of the closing date for real estate debt; (c) for SPACs, the total sponsor equity and capital organized as of the respective announcement dates; (d) for platform acquisitions, the purchase price on the signed commitment date; and (e) for platform originations, the gross origination value on the origination date.

Categories: News

Tags:

Kian Capital’s Forensic Engineering Platform Sdii Global Expands with Roar Engineering Acquisition

Kian Capital

Kian Capital-backed Sdii Global, LLC (“Sdii”), a forensic engineering and consulting firm primarily supporting claim resolution for the property and casualty (“P&C”) insurance industry, completed the acquisition of Roar Engineering Inc. (“Roar”).

Founded in 2015 and based in Mississauga, Ontario, Roar Engineering is a leading Canadian forensic engineering firm providing comprehensive investigations and reports to help clients successfully navigate insurance claims and disputes. The Roar team brings trial-tested expertise across numerous engineering disciplines, enabling it to serve as a one-stop-shop solution for its customer base.

As a combined platform, the duo represents an industry-leading forensic engineering services provider, offering considerable geographic and portfolio breadth and depth while maintaining the outstanding reputation of excellence each firm has earned. Roar and Sdii will continue to operate independently while sharing cross-platform resources to further enhance client outcomes.

“Roar and Sdii share a foundational and ever-present commitment to providing clients with high-quality expert support through world-class investigative techniques and meticulous reporting,” said Roar Co-Founder and Co-CEO Michael Rochon. “It was important for Roar to find a partner that held itself to the same high customer service standards, and we’re proud to say we found that in Sdii.”

“With the establishment of the partnership, Roar and Sdii will be able to offer increased client benefits with deeper expert resources, a larger geographic footprint and a continued emphasis on rapid response times, furthering our commitment to providing a top-tier client experience,” added Roar Co-Founder and Co-CEO Vincent Rochon.

Moving forward, the business plans to continue growing its geographic presence and portfolio of services through organic and strategic M&A efforts. The acquisition expands the platform into Canada, and the team will continue to deepen its North American presence in the years to come.

“In addition to large-scale geographic coverage, Roar brings diversification to the platform’s portfolio with its focus on fire and explosion investigation, accident reconstruction, electrical engineering, metallurgical engineering, environmental engineering and mechanical engineering, which complement Sdii’s core civil, structural, environmental and geotechnical business lines nicely,” said Sdii President Catherine Carty. “We’re thrilled to establish this partnership that will foster growth in these areas and expand service offerings for clients across Canada and the U.S., which will now include solutions for the automobile and marine sectors of the P&C industry.”

Kian completed a strategic majority investment in Sdii in 2022, but the firm has supported the company’s strategy since 2016, when it provided senior secured debt to facilitate a management-led buyout.

“This partnership perfectly aligns with Sdii’s growth strategy,” said Kian Partner Scott Buschmann. “Adding Roar to the portfolio expands Sdii’s geographic presence and service line offerings, driving us one step closer to our mission of growing from a regional leader to a national leader with international reach.”

Sdii is actively seeking additional partnerships with founders in forensic engineering and consulting, including electrical, mechanical and structural forensic engineering, fire and explosion investigation, accident reconstruction, failure analysis, biochemical and human factors engineering and building consulting. Business owners interested in learning more should contact David Duke, Partner, Business Development at Kian, at dduke@kiancapital.com.

Disclaimer

This article does not constitute an offer to sell or the solicitation of an offer to purchase any investments or securities, including any securities of Kian Capital (“Kian”), or any funds or accounts managed or advised by Kian in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation.

Any such offer or solicitation may be made only by means of the delivery of a confidential private offering memorandum (the “Memorandum”), which will contain material information not included herein regarding, among other things, information with respect to risks and potential conflicts of interest, and other offering and governance documents of any given fund or account (collectively with the Memorandum, the “Fund Documents”).

In addition to large-scale geographic coverage, Roar brings diversification to the platform’s portfolio with its focus on fire and explosion investigation, accident reconstruction, electrical engineering, metallurgical engineering, environmental engineering and mechanical engineering, which complement Sdii’s core civil, structural, environmental and geotechnical business lines nicely. We’re thrilled to establish this partnership that will foster growth in these areas and expand service offerings for clients across Canada and the U.S., which will now include solutions for the automobile and marine sectors of the P&C industry.

 

 

Catherine Carty
President of Sdii Global

Sdii Global

Sdii Global is an industry-leading forensic engineering and consulting firm delivering innovative solutions and expert opinions to help clients resolve complex challenges. Specializing in accurate, timely analyses, Sdii’s team of experienced professionals brings unparalleled quality and expertise to every project. Its expert technical staff is comprised of licensed geologists, geotechnical engineers, civil/structural engineers, scientists and fire origin and cause investigators. The company’s unique technology-driven approach provides real-time project status updates to clients and demonstrates its dedication to customer service excellence. Whether it’s timely property insurance claims resolution assistance or comprehensive litigation support services, Sdii Global has the specialized expertise to deliver effective solutions.

In addition to large-scale geographic coverage, Roar brings diversification to the platform’s portfolio with its focus on fire and explosion investigation, accident reconstruction, electrical engineering, metallurgical engineering, environmental engineering and mechanical engineering, which complement Sdii’s core civil, structural, environmental and geotechnical business lines nicely. We’re thrilled to establish this partnership that will foster growth in these areas and expand service offerings for clients across Canada and the U.S., which will now include solutions for the automobile and marine sectors of the P&C industry.

 

 

Catherine Carty
President of Sdii Global

Categories: News

Tags:

KKR Announces New Managing Directors

KKR

December 4, 2024

NEW YORK–(BUSINESS WIRE)– KKR today announced a newly promoted group of 41 Managing Directors, effective January 1, 2025.

“We are proud to recognize and celebrate the advancement of these exceptional leaders at KKR. These promotions reflect not only each individual’s professional achievements but also their unwavering commitment both to upholding the firm’s values and to delivering for our clients, companies and shareholders,” said Joe Bae and Scott Nuttall, Co-Chief Executive Officers of KKR. “Congratulations to the new Managing Directors on reaching this significant milestone in their careers.”

The following individuals have been promoted to Managing Director at KKR:

  • Aidan Bailey – Compliance, Dublin
  • Projesh Banerjea – Infrastructure, Singapore
  • Julian Barratt-Due – Infrastructure, London
  • Alicia Biggs – Global Operations, New York
  • Kate Bizga – Global Client Solutions, New York
  • Loretta Chon – Communications & Marketing, New York
  • Stephanie Dash – Credit & Markets, Sydney
  • Steven Endersen – Global Operations, Dublin
  • Ellen Frye – Legal, New York
  • Sasha Hamilton – Investor Relations, New York
  • Joe Hughes – Global Operations, Dublin
  • Rachel Hunter-Goldman – Real Estate Credit, New York
  • Alex Hwang – Global Macro, Balance Sheet & Risk / KKR Solutions, New York
  • Spencer Ingle – Credit & Markets, New York
  • Desiree John – Enterprise Risk, New York
  • Akshat Khaitan – Credit & Markets, London
  • Johnny Kim – Health Care Strategic Growth, New York
  • Chresten Knaff – Private Equity, London
  • Katherine Kober – Global Finance, New York
  • Drew Kolmar – Credit & Markets, New York
  • Edna Kwong – Compliance, Hong Kong
  • Turia Lahlou – Credit & Markets, San Francisco
  • Jennifer McGroarty – Legal, New York
  • Simrun Mehta – Private Equity, Mumbai
  • Josh Metz – Global Client Solutions, Chicago
  • Ami Momaya – Infrastructure, Mumbai
  • Gio Onate – Global Client Solutions, Miami
  • Kevin O’Neill – Credit & Markets, New York
  • Michael Osborne – Real Estate Equity, San Francisco
  • Justin Park – Global Client Solutions, New York
  • Ben Pederson – Next Generation Technology, New York
  • Angela Pflug – Global Client Solutions, New York
  • Shannon Rutter – Global Client Solutions, New York
  • Philipp Schaelli – Private Equity, London
  • Richard Schoenfeld – Credit & Markets, Washington, D.C.
  • Laura Schroeder – Private Equity, Frankfurt
  • Angad Singh – Private Equity, New York
  • Jyo Sinha – Capstone, Menlo Park
  • Evelyn Stevens – Credit & Markets, San Francisco
  • Wei Xin – Credit & Markets, Hong Kong
  • Jacqueline Zhuang – Global Client Solutions, Singapore

About KKR

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

Emily Cummings
(212) 750-8300
media@kkr.com

Source: KKR

 

Download PDF

Categories: People

KKR Partners with Former Halma CEO Andrew Williams to Pursue Investments in the Industrials Sector and in the UK

KKR

LONDON–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced it is partnering with Andrew Williams, former long time CEO at Halma plc (“Halma”), to pursue new acquisition opportunities in the Industrials sector and more broadly across leading UK businesses. Andrew will assume the role of Executive Advisor to KKR.

Once a company has been acquired, KKR and Andrew will work together to support breakthrough operating performance and growth. KKR expects to support acquired businesses in implementing the broad-based employee ownership and engagement model that it has developed since 2011.

“We have long admired Andrew’s extraordinary success in building Halma’s consistent track record of profitable growth and are delighted to be teaming up with such a seasoned executive. Andrew closely shares our values of partnership and commitment to helping make good companies great,” said Mattia Caprioli and Philipp Freise, Partners and Co-Heads of European Private Equity at KKR.

“I am delighted to be partnering with KKR to find and make investments in world class companies and contributing my experience and capabilities to drive long term value creation. I have discovered that KKR is great fit for me, as we share a similar philosophy on growing businesses and particularly the importance of building the right culture and attracting, developing and rewarding exceptional talent at all levels,” said Andrew Williams.

Andrew has two decades of experience leading and overseeing high quality industrial companies, most recently serving as CEO of Halma from February 2005 through March 2023. Over the course of 18 years leading Halma, he completed over 100 transactions, and managed a global portfolio of around 50 leading high quality manufacturing businesses operating across safety, health and environmental end-markets. He established Halma’s Sustainable Growth Model, and evolved the company’s high performance and inclusive culture to deliver a sustained track record of resilient growth and outstanding shareholder return over more than twenty years.

“We see tremendous opportunities in the industrials sector and in the UK more broadly. We believe our partnership with Andrew offers a differentiated value proposition to a wide range of businesses seeking to unlock accelerated growth,” said Chris Drewsen, Director and leader of the Industrials investment group for KKR’s European Private Equity business.

KKR has been investing in the UK for 25 years and in April 2023 closed its European Fund VI, an $8 billion fund that invests in the growth of leading businesses by providing access to KKR’s extensive network and business building resources. KKR is also a founding partner of the cross-sector initiative Ownership Works, a nonprofit on a mission to increase prosperity by developing and implementing broad-based employee ownership programs.

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

Media Contact:
Miles Radcliffe-Trenner
kkrpr-uk@kkr.com

Source: KKR

 

Download PDF

Categories: People

Gimv acquires Groupe Tibbloc, leader in rental of ready-to-use temporary energy solutions and related services, from Ciclad

GIMV

Gimv has acquired a majority stake in the Groupe Tibbloc, alongside its management team and founders. The aim of this transaction is to support the Group’s growth in France in all temporary energy solutions, and to accelerate its international development.

Paris (FR) & Antwerp (BE), December, 4th, 2024, 07:30 AM – Founded in 2007 near Nantes, France, Tibbloc (https://www.tibbloc.fr/) has become the French leader in temporary energy rental solutions (heating, cooling, steam, compressed air and dehumidification). Present in France, Belgium, Austria and Germany, with 11 operating platforms, the Group is characterized by its comprehensive range of services, from project design and specification to logistics and installation. The Group serves a diversified customer base, notably in district heating networks, food processing, industry, pharmaceuticals and the service sector.

In a growing market driven by the increasing use of rental offers, the development of urban energy networks and climate change, Tibbloc is recognized for its technical capabilities, operational excellence and the depth of its product range. Its flexible business model combines multi-specialist sales teams, capable of supporting customers in all aspects of their business by proposing tailor-made solutions, with highly specialized technical teams in charge of project execution throughout France and abroad.

Supported by Ciclad since 2020 and under the impetus of Eric Merilhou and Yann Dauce, respectively CEO and COO of the Group, Tibbloc has become a key player in its market. With sales of over €40 million, driven by solid organic growth, the Group now employs around 120 people. It has also made two strategic acquisitions that have enabled it to broaden its offering and geographical coverage, positioning itself as a consolidation platform in a fragmented European market.

Gimv’s investment, alongside Eric Merilhou, Yann Dauce and the management team, will provide Tibbloc with the financial and professional support it needs to accelerate its development, both in France and internationally, while continuing to invest in expanding its equipment fleet and structuring the Group. Tibbloc plans to strengthen its market position by further expanding its range of services to support its clients in their decarbonization efforts.

This investment will place Tibbloc among the top 10 participations in Gimv’s current portfolio.

Eric Merilhou, CEO of Tibbloc, and Yann Dauce, COO, declare: “We are delighted by the arrival of Gimv as shareholder to pursue our ambitious development strategy, enabling us to strengthen our position and continue innovating to offer ever more efficient and sustainable temporary energy solutions. Gimv has demonstrated a keen understanding of our challenges and how to meet them, and their know-how in terms of structuring will help us to support our growth in France and abroad.”

Nicolas de Saint Laon, Head of Gimv France, and François-Xavier Rico, Principal Sustainable Cities, add: “We are delighted to be able to support Eric Merilhou, Yann Dauce and their team in this next chapter for Tibbloc. The management team has achieved a remarkable track record and has succeeded in creating a key player in its market, capable of addressing the critical needs of its customers, with a DNA combining a sense of service, agility and proximity. We are therefore particularly proud to have convinced Eric, Yann and their team of our capability to support them in this ambitious development project, which is perfectly aligned with the investment strategy of our Sustainable Cities sector platform.”

Eric Bruguière, Partner, and Edouard de Kermadec, Investment Director at Ciclad, declare: “With founders Gilles Bertrand and Mickaël Hamon, whom we met in 2020, we recruited Éric, then Yann, while opening up the capital to all the company’s employees. After a smooth managerial transition, the company continued to expand, diversifying its activities, particularly in compressed air and dehumidification, while consolidating its positions in France and beyond, boosted by a particularly strong energy market. We are delighted with this transaction led by Gimv, which succeeded in uniting all shareholders in a highly competitive sale process. We wish Tibbloc, its team and its new partners all the success they deserve. With numerous development opportunities on the horizon, the group is now ideally structured to meet these challenges successfully.”

No further financial details will be disclosed.

Categories: News

Tags:

VIVEbiotech Secures Growth Investment from Ampersand Capital Partners to Expand Lentiviral Vector Development and Manufacturing Capabilities

Ampersand

San Sebastian, Gipuzkoa, Spain, December 4th 2024 /PRNewswire/ — VIVEbiotech, a leading lentiviral vector Contract Development and Manufacturing Organization (CDMO), today announced a growth equity investment from Ampersand Capital Partners (“Ampersand”), a private equity firm specializing in the life sciences and healthcare sectors. The partnership with Ampersand will enable the expansion of VIVEbiotech’s lentiviral vector manufacturing In San Sebatian, Gipuzkoa, Spain and support the execution of a robust pipeline of customer projects for innovators developing groundbreaking in vivo and ex vivo cell and gene therapies.

VIVEbiotech provides process development, manufacturing and analytical testing for leading biopharmaceutical companies engaged in gene therapy and cell therapy projects. With a specific focus on lentiviral vector production, the Company operates a state-of-the-art, 3,000 sq. m. (32,000 sq. ft.) GMP-compliant facility in San Sebastián, Gipuzkoa, Spain. VIVEbiotech has a proprietary platform for custom lentiviral vector development and manufacturing, and their highly educated and skilled team of over 140 employees, with more than 85% holding advanced degrees, ensures top-tier expertise and compliance with international standards.

Jon Alberdi, CEO of VIVEbiotech, states: “We are thrilled to welcome Ampersand as a key partner to accelerate VIVEbiotech’s ambitious growth plan while strengthening our flexible, plug-and-play platform. This partnership will play an important role in continuing to exceed our customers’ high expectations. The combination of Ampersand’s industry expertise and VIVE’s robust team will position VIVE as a market leader by expanding our capacity and unique capabilities.”

As part of the transaction, industry veteran Dr. Stefan Beyer has been named Chairman of VIVEBiotech. Dr. Beyer added, “Given the ongoing rapid growth of the cell and gene therapy sector, I am excited to join the VIVEbiotech team. With its state-of-the-art GMP facility, the entire VIVEbiotech team has demonstrated robust capabilities that resonate with the market. Clients are drawn to the team’s scientific expertise, and this strategic investment by Ampersand will enable continued development and growth for VIVEbiotech.” Dr. Beyer has spent his entire career in the pharmaceutical outsourcing industry as an entrepreneur and advisor, previously serving as President, Managing Director, and CEO of Vibalogics, a former Ampersand portfolio company and industry leader of process development, manufacturing, and fill & finish services for biopharmaceutical companies developing oncolytic viral therapies, gene therapies, and vaccines.

Marina Pellon-Consunji, Partner at Ampersand, comments, “We are thrilled to support VIVEbiotech in their mission to advance lentiviral vector development. The team’s scientific expertise and innovative approach make them a key player in the rapidly growing cell and gene therapy industry. Through this investment, we look forward to partnering with Jon and his team to solidify VIVE as a global leader in lentiviral vector for in vivo and ex vivo cell and gene therapy.”

About VIVEbiotech

VIVEbiotech is a Contract Development and Manufacturing Organization (CDMO) specializing in lentiviral vectors for gene and cell therapy. Founded in 2015, VIVEbiotech operates under EMA and FDA standards, serving over 40 biotech companies globally. The company focuses on scalable, high-yield manufacturing processes and cutting-edge technologies. With expertise in both ex vivo and in vivo applications, VIVEbiotech supports the development and commercialization of therapies for cancers and rare diseases. For more information about VIVEbiotech, please visit vivebiotech.com.

About Ampersand Capital Partners

Ampersand Capital Partners, founded in 1988, is a middle-market private equity firm with $3 billion of assets under management, dedicated to growth-oriented investments in the healthcare sector. With offices in Boston, MA, and Amsterdam, Netherlands, Ampersand leverages a unique blend of private equity and operating experience to build value and drive long-term performance alongside its portfolio company management teams. Ampersand has helped build numerous market-leading companies across each of the firm’s core healthcare sectors. For additional information, visit AmpersandCapital.com or follow us on LinkedIn.

Categories: News

Tags: