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Platinum Equity Portfolio Company Hop Lun Acquires P.H. Garment

Platinum

LOS ANGELES and HONG KONG (June 6, 2024) – Platinum Equity portfolio company Hop Lun, one of the world’s largest designers and manufacturers of intimate apparels, announced today the acquisition of P.H. Garment.

Headquartered in Hong Kong, P.H. Garment is an innovative private label manufacturer of high-quality bras, shapewear and performance-driven active wear for world renowned fashion brands.

The company has three manufacturing facilities in Bangladesh and China and provides a full range of design and production services, including expertise producing bonded products (fusing fabrics seamlessly using heat or adhesive).

“We are continuing to seek opportunities for Hop Lun to expand and diversify its capabilities, increase scale and add more value for its customers. We are working with Erik and the company’s leadership team to identify and pursue additional opportunities for growth, both organically and through strategic M&A.”

Jacob Kotzubei and Matthew Louie, Co-President and Managing Director, Platinum Equity

“We welcome the P.H. Garment team to the Hop Lun family,” said Erik Ryd, Founder and CEO of Hop Lun. “We believe our businesses are highly complementary are excited to work together leveraging our combined expertise to give even better service to our customers. P.H. Garment’s expertise in bonded products, in particular, will open new avenues for growth at Hop Lun.”

Eddie Wong, Founder and Executive Director of P.H. Garment said: “The P.H. Garment team is excited to join Hop Lun and we look forward to leveraging Hop Lun’s resources, design capability and manufacturing scale to expand our services and solutions for our customers.”

Based in Hong Kong, Hop Lun employs more than 26,000 people and has manufacturing operations in Bangladesh, China and Indonesia. The company produces products for many of the world’s largest global retailers as well as for its own in-house brands.

PH Garment is the second add-on acquisition Hop Lun has completed in the last six months. In December 2023 Hop Lun acquired Rainbow West Apparel.

“We are continuing to seek opportunities for Hop Lun to expand and diversify its capabilities, increase scale and add more value for its customers,” said Platinum Equity Co-President Jacob Kotzubei and Managing Director Matthew Louie in a joint statement. “We are working with Erik and the company’s leadership team to identify and pursue additional opportunities for growth, both organically and through strategic M&A.”

Latham & Watkins LLP provided legal counsel to Hop Lun on the acquisition of P.H. Garment.

About Platinum Equity

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

About Hop Lun

Established in 1992 and headquartered in Hong Kong, Hop Lun is the leading designer and manufacturer of intimate apparels, and is the largest global provider of bra solutions.  It employs over 28,000 people across its global operations in Bangladesh, Indonesia, China and Hong Kong.

About P.H. Garment

Founded in 1988 in Hong Kong, P.H. Garment has grown into a premier private label manufacturer for innovative high-quality bras, shapewear and performance driven active wear through pioneering manufacturing know-how, a robust talent pool and strong customer relationships.  The company has three manufacturing plants in Bangladesh and China.

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TDR Capital to become majority owner of ASDA

Tdr Capital

We are pleased to announce that TDR Capital has agreed to acquire Zuber Issa’s shares in ASDA and will become the majority shareholder with 67.5% ownership. The transaction is expected to complete in Q3 2024.

TDR Capital invested in Asda alongside the Issa brothers, and together they took majority ownership of the business in June 2021. Since then, together with the other shareholders, TDR has supported Asda to accelerate its strategy, with a particular focus on delivering low prices to customers and expanding into the fast-growing convenience retail segment.

Gary Lindsay and Tom Mitchell, Managing Partners of TDR Capital, said: “We first invested into Asda over three years ago, seeing a huge opportunity to cement its position as one of the UK’s leading retail brands.”

“By combining our investment and sector expertise with Asda’s heritage of delivering value for customers, we have already made significant progress in transforming Asda. We have added a scale convenience business, grown Asda’s store footprint from 623 to 1,200 stores and food-to-go sites, and launched a hugely successful loyalty app, which now has six million active customers, accounting for around half of total sales. We remain focused on investing in Asda’s stores and online, as well as its colleagues through the highest pay in the traditional supermarket sector, to drive sustainable, long-term growth.”

“As majority owners, we will continue to work closely with the Asda management team and colleagues across the business to support its growth strategy, which we believe is the right one to continue to move Asda forward.”

Learn more about our investment in ASDA.

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Kennet closes largest fund to date at €266m as cumulative assets under management surpass €1.3bn

Kennet Partners

London, United Kingdom – July 2024

Kennet has raised €266 million for its largest fund to date, Kennet VI. Kennet has already begun to deploy this capital into capital efficient B2B SaaS companies across Europe, including Screendragon in Ireland and the UK and Fluid Topics in France.

Kennet VI builds on the success of the previous five funds and proven investment thesis. Kennet has over 25 years of experience and a proven track record across multiple market cycles. Not only has the firm raised its largest ever fund in a challenging macro environment, it has also continued to deliver exits, such as Eloomi in January 2024 generating a 3.1x cash multiple. This follows numerous successful exits in recent years including Nuxeo (5x), Dext (3.8x), CrossBorder Solutions (6.4x), Rimilia (2.5x), and Impartner (2.6x).

Kennet focuses exclusively on investing in established, high growth B2B SaaS technology companies which are founder-owned and either highly capital efficient or fully ‘bootstrapped’ – built without external capital. The investment from Kennet is typically the first external funding that companies receive and is used to scale and expand internationally, build world class management teams and build strategic value.

Michael Elias, Managing Director, said: “This fundraise marks another important milestone for Kennet as we close our largest fund to date, with a significant number of previous investors participating in this fund. At a time when the market has recognised that ‘growth at any cost’ is no longer rational, our long-standing conservative strategy has appealed to investors. Kennet’s risk-balanced strategy provides investors with the growth associated with innovative technology, while maintaining a low failure rate. We have proven over numerous fund cycles that capital efficient B2B SaaS businesses offer attractive investment opportunities and that helping entrepreneurs build outstanding management teams and enter global markets remains a winning formula.”

Hillel Zidel, Managing Director, said: “Our proven approach is based on the relationships we establish with bootstrapped founders, understanding that this will be a long-term trusted partnership. Unlike venture-backed businesses, our founders have typically not taken external investment before – they need to know they are working with the right team to realise their global ambitions. We are very proud that founders choose to work with Kennet because of our deep market knowledge, and reputation for fairness and integrity. This has enabled us to invest in great companies at sensible valuations regardless of the hype cycle. B2B software has become the engine room of many sectors, and Kennet VI will be at the forefront of the next generation of mission critical, scaling businesses.”

Kennet VI was raised as part of a successful partnership with Edmond de Rothschild Private Equity (EdRPE) which began in 2017. Edmond de Rothschild is a cornerstone investor in the Kennet VI fund and the bank’s global client base has had priority access to the fund. British Patient Capital, Federated Hermes Private Equity and Bpifrance also committed to the fund.

Francois-Xavier Vucekovic, CIO at Edmond de Rothschild Private Equity, adds: “We firmly believe that technology plays a critical role in the transformation of our economies and societies. Our commitment is to support and nurture companies that are at the forefront of innovation and value creation. The success of this fundraising effort, particularly in the current challenging environment, is a testament to the strength and relevance of Kennet’s strategic approach. By leveraging cutting-edge tech solutions, Kennet ensures the sustainability and growth of their clients’ business models, enabling them to thrive in a rapidly evolving market.”

ABOUT EDMOND DE ROTHSCHILD

As a conviction-driven investment house founded upon the belief that wealth should be used to build the world of tomorrow, Edmond de Rothschild specialises in Private Banking and Asset Management and serves an international clientele of families, entrepreneurs and institutional investors. The group is also active in Corporate Finance, Private Equity, Real Estate and Fund Services. With a resolutely family-run nature, Edmond de Rothschild has the independence necessary to propose bold strategies and long-term investments, rooted in the real economy. Founded in 1953, the Group had more than CHF 163 billion in assets under management at the end of December 2023, 2,600 employees, and 28 locations worldwide.

PRESS CONTACT:

KENNET: Andrew Malone – kennet@fieldhouseassociates.com

EDMOND DE ROTHSCHILD AM: Fany de Villeneuve : +33 6 46 24 69 38 – f.devilleneuve@edr.com

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SMG Sportplatzmaschinenbau GmbH teams up with Gimv to further accelerate global expansion

GIMV

Topic: Investment

Vöhringen, Bavaria – Founded in 1975, SMG Sportplatzmaschinenbau GmbH (www.smg-machines.com) has established itself as a global leader in the development and manufacturing of cutting-edge machines for the sports industry and today used by elite teams such as Real Madrid, FC Bayern Munich, and the Miami Dolphins. Together with Tobias and Daniel Owegeser, who remain involved as shareholders, Gimv is set to accelerate the further growth and international expansion of SMG.

SMG’s impressive portfolio includes specialized machines used in a wide array of sports and recreational settings – from playgrounds and athletics tracks to private tennis courts and soccer (training) grounds. For almost 50 years, SMG has been a trailblazer in the synthetic sports surfaces and artificial turf sectors, offering machines that expertly mix components, lay base layers, and line surfaces. Their innovative artificial turf machines are renowned for precision backfilling and maintenance, employing advanced self-propelled and ride-on technology.

With all development and production taking place in Germany, SMG collaborates closely with leading material manufacturers and installation companies to ensure top-tier quality. Boasting a global clientele of over 1,200 customers, the company is supported by 55 dedicated employees in Vöhringen and an extensive network of independent sales partners worldwide. Notably, the USA represents SMG’s largest market, with prestigious clients across high schools, colleges, universities, and American Football Clubs.

Now, with Gimv’s partnership, SMG is set to embark on the next phase of its remarkable journey. The expertise of Gimv as new majority shareholder will be instrumental in fueling further international growth with spearheading products to the next level.

Details of the transaction remain confidential.

Daniel and Tobias Owegeser, co-owners of SMG, declare: “We have already grown significantly in recent decades and have laid the foundations for the successful expansion of our business, particularly in the USA. Together with our father Johann and our brother Markus, we have decided that we want to team up with a strong partner to further boost our growth story in the years to come.  Jointly with Gimv, we now want to take the next steps towards internationalization and make targeted use of the many opportunities abroad.”

Ronald Bartel, Partner Smart Industries, declares: “With SMG, we are delighted to welcome an exceptional and impressive new technical and industrial addition to our Smart Industries platform. We are deeply convinced of the product as well as the owners and management team and look forward to supporting SMG on its global growth path.”

 

Read the full document
 

Gimv

Karel Oomsstraat 37, 2018 Antwerpen, Belgium

www.gimv.com

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FleetGO Group strengthens its position with the addition of Data2Track

Main Capital Partners

FleetGO Group, a leading provider of logistics software solutions, has acquired Dutch-based software provider Data2Track with the support of Main Capital Partners.

This marks the third strategic acquisition since Main Capital Partners’ initial investment, which resulted in the formation of the FleetGO Group. The integration of Data2Track will enhance FleetGO Group’s product suite and reinforce its technological leadership.

Data2Track, headquartered in Barneveld, Netherlands, has been a pioneer in integrated software solutions since 1995. Their cloud-based fleet management system, encompassing fleet analytics, time registration, and a Drivers App, is essential for optimizing logistical operations. Data2Track’s innovative, fully cloud-based mobile solutions offer a competitive edge in the market. They serve approximately 420 clients, predominantly in the Netherlands, including Verhoeven.eu, Schotpoort Logistics, and Koopman Logistics.

FleetGO Group offers a comprehensive suite of software solutions for transport management, warehousing, route optimization, telematics, and fleet management. With a robust presence in the DACH and Benelux regions, the addition of Data2Track’s cloud-based platform aligns with FleetGO’s strategy to deliver a holistic suite encompassing transport and order management, warehousing, asset management, route planning, telematics, tacho compliance, and fleet management. Notably, Data2Track’s Drivers App complements FleetGO’s offerings, enhancing service capabilities for both existing and new customers.

The combined product offering, shared expertise, broad geographical reach, and technological leadership position FleetGO Group to leverage the benefits of consolidation, economies of scale, technological integration, and growth.

Ronald van Tiel, CEO at FleetGO Group, says: “Data2Track is a perfect addition to FleetGO Group’s product range. The fleet management applications and the Drivers App fill a crucial gap, enabling us to offer a more comprehensive suite from a single provider. Our and Data2Track’s customers will benefit significantly from this enhanced offering.”

Rob Bouwer, Commercial Director at Data2Track, commented: “Joining forces with FleetGO allows Data2Track to advance to the next level. This integration combines two leading software providers, offering substantial potential and enabling us to maximize our capabilities within a larger group. The synergies created will provide significant added value to our customers.”

Sven van Berge, Head of DACH activities at Main Capital Partners, concludes: “The acquisition of Data2Track by FleetGO is a strategic and intelligent move. Data2Track’s solutions will expand FleetGO’s portfolio, closing critical gaps and adding experienced professionals who will strengthen FleetGO’s market position as a leading logistics software provider in Europe.”

The acquisition of Data2Track by FleetGO is a strategic and intelligent move.

– Sven van Berge Henegouwen, Head of DACH activities at Main Capital Partners

About

FleetGO Group

FleetGO Group is a pan-European logistics software company providing an extensive suite for warehouse, transportation, and fleet management. Founded in 2010, FleetGO quickly established a strong market presence with advanced telematics solutions. The company expanded significantly through a strategic combination with Wanko Informationslogistik in 2022. FleetGO’s cloud-based platform serves over 6,500 customers across Europe and is headquartered in Hattem, the Netherlands, with over 170 professionals dedicated to operational efficiency.

Data2Track

Data2Track is a software provider specializing in transport solutions, founded in 1995 and headquartered in Barneveld, the Netherlands. The company offers comprehensive track and trace systems, board computers, and innovative fleet management software. Data2Track is recognized for continuous innovation, including the development of a proprietary Drivers App, serving approximately 420 international customers across various industries.

Fenne Bijl

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IMV Technologies Group acquires Medivet Scandinavian AB

Montagu

Medivet are a leading provider of Veterinary DR X-Ray systems and other veterinary imaging modalities, based in Angelholm, Sweden with a reach throughout Scandinavia. Under the leadership of Torbjörn Hallenheim the business has developed into one of Scandinavia’s leading providers of veterinary imaging solutions.

Torbjörn comments that “we are totally thrilled to be joining the IMV Technologies group to provide us with the resources and market knowledge that will help us take our business to the next level, IMV Technologies provides us with a natural partnership in this exciting and growing market.”

IMV Technologies provides us with a natural partnership in this exciting and growing market.

Torbjörn Hallenheim, Owner & CEO, Medivet Scandinavian AB

Alain de Lambilly; CEO of IMV Technologies, adds that “Medivet is a fabulous business, and we are delighted to welcome Torbjörn and his team to IMV Technologies. We have been very impressed by the dedication shown to outstanding customer service by the Medivet team in providing the very best products and services to their clients across Scandinavia. At IMV one of our core values is Excellence and we see an amazing commitment at Medivet to ensuring their clients have the tools and knowledge to provide the best possible animal care. Medivet will join our growing and successful Companion Animal Imaging business, bringing additional experience and products – in particular their MERS Equine X-Ray technologies to our comprehensive product offering.”

Medivet is a fabulous business, and we are delighted to welcome Torbjörn and his team to IMV Technologies.

Alain de Lambilly, CEO, IMV Technologies Group

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Aquiline Raises Over $3.4 Billion of Fund Capital

Aquiline

NEW YORK and LONDON, June 6, 2024 /PRNewswire/ — Aquiline Capital Partners LP (“Aquiline” or “the Firm”), a private investment firm dedicated to financial services and related technologies, today announces that it has raised more than $3.4 billion of fund capital, following the final close of its fifth private equity fund, Aquiline Financial Services Fund V L.P. (“AFS V”), and the close of its continuation fund, Aquiline Financial Services Continuation Fund L.P. (“Continuation Fund”).

With over $2.3 billion in capital commitments, AFS V is Aquiline’s largest fund to date, significantly exceeding the size of its predecessor. The Firm received strong support from its existing investor base of financial institutions, sovereign wealth funds, public pension funds, funds of funds, and family offices. Aquiline also welcomed significant first-time commitments from investors across the U.S., Europe, the Middle East, and Asia, demonstrating confidence in its investment activities and growth trajectory.

Concurrently, Aquiline has closed on approximately $1.1 billion of capital commitments in its Continuation Fund, including a meaningful lead investment from HarbourVest Partners (“HarbourVest”). The continuation fund was established to acquire select portfolio companies in Aquiline Financial Services Fund II L.P. (“AFS II”) and Aquiline Financial Services Fund III L.P. (“AFS III”). The transaction offered investors the opportunity to capture future value creation while providing existing limited partners with an option for accelerated liquidity. A meaningful portion of the fund will be available as follow-on capital to support future growth initiatives and potential strategic acquisitions within the portfolio.

HarbourVest served as the sole lead investor in the Continuation Fund, with participation from several other new investors, including StepStone, funds managed by Ares Management, and Commonfund’s CF Private Equity business, as well as re-investment from existing limited partners. All AFS II and AFS III limited partners were provided with the option to roll their value on status quo terms, reinvest their value into the Continuation Fund, or receive full liquidity.

The combined $3.4 billion of fund capital was welcomed by Aquiline’s Managing Partners, Vincenzo La Ruffa and Igno van Waesberghe.

“Aquiline’s blend of deep financial services industry knowledge and trusted relationships has underpinned our successful fundraising activities in a challenging market. We are pleased to welcome a mix of new strategic investors from our industries, as well as institutional investors from Asia and the Middle East, to AFS V and leading institutional investors to our Continuation Fund,” said Igno van Waesberghe. “We already have strong momentum in AFS V, with capital deployed across multiple investments, and look forward to continuing the value creation journey.”

Since its formation in 2005, Aquiline has been committed to its strategy of working with companies to solve the financial industry’s biggest challenges. With a global presence and rigorous industry analysis, Aquiline can identify industry trends, both big and small, that create meaningful change in the delivery of financial services. The Firm has built deep, trusted relationships across insurance, asset and wealth management, banking and capital markets, healthcare, and payments, enabling Aquiline to partner with companies to build value for its investors alongside company management.

“We have purposefully created a firm that provides capital and expertise to outstanding companies, whether in the form of private equity capital, venture and growth funding, or credit,” said Vincenzo La Ruffa. “Along with our geographic and industry reach, this makes us a powerful partner for industry leaders, entrepreneurs, and innovators alike.”

Notes to Editors

About Aquiline Capital Partners LP

Aquiline Capital Partners LP is a private investment firm based in New York, London, Philadelphia, and Greenwich, Connecticut, that is dedicated to financial services and related technologies. The Firm has approximately $10.4 billion in assets under management as of March 31, 2024.

For more information about Aquiline, its investment professionals, and its portfolio companies, visit www.aquiline.com.

About HarbourVest Partners, LLC

HarbourVest is an independent, global private markets firm with over 40 years of experience and more than $125 billion of assets under management as of December 31, 2023. HarbourVest’s interwoven platform provides clients access to global primary funds, secondary transactions, direct co-investments, real assets and infrastructure, and private credit. HarbourVest’s strengths extend across strategies, enabled by its team of more than 1,150 employees, including more than 230 investment professionals across Asia, Europe, and the Americas. Across its private markets platform, the HarbourVest team has committed more than $59 billion to newly formed funds, completed over $53 billion in secondary purchases, and invested over $39 billion in direct operating companies. HarbourVest partners strategically and plans its offerings innovatively to provide its clients with access, insight, and global opportunities.

For further information please visit www.harbourvest.com.

Media Contacts

Apella Advisors – email: aquiline@apellaadvisors.com.

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IMV Technologies Group acquires Medivet Scandinavian AB

Montagu

Medivet are a leading provider of Veterinary DR X-Ray systems and other veterinary imaging modalities, based in Angelholm, Sweden with a reach throughout Scandinavia. Under the leadership of Torbjörn Hallenheim the business has developed into one of Scandinavia’s leading providers of veterinary imaging solutions.

Torbjörn comments that “we are totally thrilled to be joining the IMV Technologies group to provide us with the resources and market knowledge that will help us take our business to the next level, IMV Technologies provides us with a natural partnership in this exciting and growing market.”

IMV Technologies provides us with a natural partnership in this exciting and growing market.

Torbjörn Hallenheim, Owner & CEO, Medivet Scandinavian AB

Alain de Lambilly; CEO of IMV Technologies, adds that “Medivet is a fabulous business, and we are delighted to welcome Torbjörn and his team to IMV Technologies. We have been very impressed by the dedication shown to outstanding customer service by the Medivet team in providing the very best products and services to their clients across Scandinavia. At IMV one of our core values is Excellence and we see an amazing commitment at Medivet to ensuring their clients have the tools and knowledge to provide the best possible animal care. Medivet will join our growing and successful Companion Animal Imaging business, bringing additional experience and products – in particular their MERS Equine X-Ray technologies to our comprehensive product offering.”

Medivet is a fabulous business, and we are delighted to welcome Torbjörn and his team to IMV Technologies.

Alain de Lambilly, CEO, IMV Technologies Group

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Ardian Clean Energy Evergreen Fund (ACEEF) is investing in French renewable energy producer UNITe

Ardian

UNITe is a multi-technology renewable power specialist with more than 1.5 GW of projects under development
• This investment will support a new chapter of growth for UNITe and reinforce Ardian’s commitment to sustainable energy further strengthening its global renewables platform

Ardian, a world-leading private investment house, today becomes the largest shareholder in UNITe, an independent power producer and developer, through its Clean Energy Evergreen Fund (ACEEF). This strategic investment further enhances Ardian’s renewable energy portfolio by expanding its assets in hydropower, photovoltaics, and wind power. Omnes, Bpifrance (Fonds Impact Environment team) which invested in 2018, and Société Générale Capital Partenaires, which invested in 2010, agreed to sell their stake in UNITe to Ardian after successfully completing the objective they set themselves, in which UNITe has consolidated its position as an independent power producer and developer.

The UNITe – Hydrowatt Group is recognised as the leading independent player in small hydro in France, with 36 powerplants, and one of the most promising photovoltaic developers. Last year, UNITe was ranked third nationally for tenders issued by the Commission de Regulation de l’Energie.

Since 2019, UNITe has decided to significantly grow its photovoltaic development, with projects in France totalling 1.5 GWp in capacity over the coming years. Over 2023, UNITe has completed a first stage of 11 projects (140 MWp) scheduled to be operational by 2025. Ardian’s long-term support, UNITe will pursue its renewable energy strategy, participate in the expansion of these energies and embark on its next stage of development. Through ACEEF, its evergreen fund, Ardian will continue to support UNITe’s growth by helping to finance its current and future projects.

For almost 40 years, the UNITe Group has been reconciling the need for energy with respect for the environment. Today, UNITe is one of the leading independent producers of low-carbon, local, sustainable and competitive electricity in France.

Through its subsidiary GREEN-ACCESS, the group is also a leader in the valorization of green energy., notably through the sale of Guarantees of Origin and start the negotiation of contracts for the direct supply of renewable electricity to industrial consumers.

Ardian will also provide UNITe with its OPTA digital renewable energy asset management tool. OPTA is Ardian’s in-house data analytics tool designed to optimize the management of renewable energy portfolios and monitor market risk for renewable assets worldwide. Ardian now tracks more than 2.5 GW of renewable assets through OPTA.

“Through ACEEF, Ardian’s mission is to offer investors the opportunity to grow their exposure to renewables and the energy transition, and to support the development of this important sector. UNITe is an exciting addition to Ardian’s portfolio. We are excited to partner with this historically family-run business and support the impressive management team in their ambitious growth plan.” Benjamin Kennedy, Managing Director Renewables Infrastructure, Ardian

“Through this investment, UNITe will benefit from Ardian’s support as a long-term financial partner, well-adapted for supporting the group’s strong growth strategy. I am proud to be moving forward with UNITe’s formidable team, while preserving our convictions and our unique state of mind..” Alexandre Albanel, President, UNITe

Ardian is a pioneer in the energy transition, having started investing in renewable assets in 2007. Across all Infrastructure Funds, the team manages a renewable energy portfolio of more than 8GW of heat and renewable energy capacity in Europe and the Americas, and over $28bn assets under management across the globe. ACEEF will continue to focus on core renewable assets including solar, wind, and hydro, as well as emerging technologies across biogas, biomass, energy storage, and energy efficiency.

Recent investments made through the fund include the acquisitions of a Peru-based hydropower company, the diversified renewable energy platform ICQ Holding, and multiple wind parks in Finland, where fund also invested in the development and construction of Finnish Battery Energy Storage System (BESS) projects.

The deal is subject to the usual regulatory approvals.

LIST OF PARTICIPANTS

  • ARDIAN

    • M&A: ASTRIS FINANCE
    • LEGAL: GIDE LOYRETTE NOUEL
    • TECHNICAL AND ESG: EVEROZE
    • MARKET ADVISOR: AFRY
    • TAX AND FINANCE: KPMG
    • INSURANCE AND W&I: MARSH

  • UNITE

    • M&A : BNP PARIBAS
    • LEGAL (M&A) : LINKLATERS, LPP
    • TECHNICAL AND ESG: NATURAL POWER, ARTELIA
    • LEGAL, TAX AND FINANCE DD: LPA, DELOITTE, DELOITTE SOCIÉTÉ D’AVOCATS
    • INSURANCE AND W&I: MARSH, LPA

  • SELLERS’ CONSORTIUM: OMNES CAPITAL, BPIFRANCE ET SOCIÉTÉ GÉNÉRALE CAPITAL PARTENAIRES

    • M&A: BNP PARIBAS
    • LEGAL: CLIFFORD CHANCE
    • TECHNICAL AND ESG: NATURAL POWER, ARTELIA
    • TAX AND FINANCE: DELOITTE, DELOITTE SOCIÉTÉ D’AVOCATS

ABOUT ARDIAN

Ardian is a world-leading private investment house, managing or advising $166bn of assets on behalf of more than 1,600 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 19 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.

At Ardian we invest all of ourselves in building companies that last.

ardian.com

ABOUT UNITE

For almost 40 years, the UNITe group has been working to combine the need for energy with respect for the environment. Today, UNITe is one of the leading independent producers of low-carbon, local, sustainable and competitive electricity in France, with more than 60 production sites. Through its subsidiary GREEN-ACCESS, the group is also a leader in energy recovery, notably through the sale of Guarantees of Origin and start the negotiation of contracts for the direct supply of renewable electricity to industrial consumers.
UNITe is an independent, agile and financially solid group, rooted in the regions and with recognised expertise in the renewable energy sector. Led by Alexandre ALBANEL and Stéphane MAUREAU, the group is currently undergoing a phase of sustained growth.
UNITe is one of the few companies still regularly building hydroelectric power stations in France. In addition, the company leases a large amount of land in France on a very long-term basis (35 years or more) to develop ground-based photovoltaic installations, often in synergy with an agricultural activity.

Unit-e.fr

ABOUT OMNES CAPITAL

Omnes is a leading private equity firm dedicated to energy transition and innovation. With €6 billion in assets under management, our teams support long-term partnerships with entrepreneurs through our four core businesses: renewable energy, sustainable cities, deeptech and co-investment. For over 20 years, Omnes has been applying its expertise to help businesses grow in more than 15 countries, with a particular focus on sustainable development. As part of its approach as a responsible investor, the company has created the Omnes Foundation to support non-profit organisations working for children and young people in the fields of education, health, social and economic integration.

Omnescapital.com

ABOUT BPIFRANCE

Bpifrance finances companies – at every stage of their development – with credit, guarantees and equity capital. Bpifrance supports them in their innovation and international development projects. Bpifrance now also covers their export activities through a wide range of products. Consulting, university, networking and acceleration programs for startups, SMEs and ETIs are also part of the offer available to entrepreneurs. Thanks to Bpifrance and its 50 regional offices, entrepreneurs benefit from a close, single and efficient contact to help them face their challenges.
Within Bpifrance’s Private Equity direct investment team, (28 Bn€ AuM, 700 portfolio companies), the Impact & Environment team (500 M€ AuM, 40 portfolio companies) invests in climate & environmental solutions. The team’s mission is to structure the energy and ecological transition sectors by providing equity solutions as well as the tailorized support needed for the growth of key players active in addressed sectors.

Follow us on Twitter: @Bpifrance @BpifrancePresse

bpifrance.fr

ABOUT SOCIETE GENERALE CAPITAL PARTENAIRES

Société Générale Capital Partenaires (SGCP) supports shareholder-managers of SMEs and ETIs in their development and proximity approach. SGCP takes minority stakes in companies’ capital, with investments ranging from €1 million to €35 million in various contexts: development through external or organic growth, capital transfer, shareholder restructuring, and financial structure optimization. Each year, SGCP teams, based in Paris, Lille, Strasbourg, Lyon, Marseille, Bordeaux, and Rennes, invest between €150 million and €200 million in around twenty operations, reaffirming their long-term commitment to supporting business financing and the economy.

capitalpartenaires.societegenerale.com

MEDIA CONTACTS

ARDIAN

HEADLAND

ardian@headlandconsultancy.com

UNITE

OPEN2EUROPE

a.noel@open2europe.comh.bouali@open2europe.com

OMNES CAPITAL

ESTELLE EONNET

Estelle.eonnet@omnescapital.com

BPI FRANCE

JULIETTE FONTANILLAS

juliette.fontanillas@bpifrance.fr

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The Indo-Pacific Partnership For Prosperity, Global Infrastructure Partners And KKR Lead Creation Of Coalition To Mobilize Infrastructure Investment In The Indo-Pacific Region

KKR

SINGAPORE – June 6, 2024 – Today the Indo-Pacific Partnership for Prosperity (IP3), Global Infrastructure Partners (GIP), and KKR announced the formation of a new coalition to catalyze infrastructure investment in the emerging market partner economies of the Indo-Pacific Economic Framework (IPEF). GIP and KKR will serve as co-chairs of the new initiative.

The coalition aims to accelerate investment in infrastructure and support IPEF economies in achieving their economic development, human capital and sustainability goals. Coalition members will help facilitate the identification, promotion, and development of successful infrastructure projects across the region. They will also support coordination with governments, multilateral development banks and development finance institutions to create solutions to de-risk investments.

The co-chairs and IP3 will be joined in the coalition by other global investors and partners including: Allied Climate Partners, BlackRock, GIC, The Rockefeller Foundation, and Temasek. The coalition estimates that its members, taken together, have over $25 billion (USD) in capital that can be deployed in Indo-Pacific emerging market infrastructure investments in the coming years.

The coalition also includes the Center on Global Energy Policy (CGEP) at Columbia University’s School of International and Public Affairs (SIPA) as a knowledge partner.

“This coalition will play a vital role in increasing private infrastructure investment in Indo-Pacific emerging markets,” said David Talbot, Executive Director of IP3. “The coalition brings together Indo-Pacific investors, knowledge partners, governments, and development experts around the achievable mission of closing the investment gap in IPEF partner countries. IP3’s unmatched network of public, private and non-profit leaders is excited to help lead the formation of this investment accelerator.”

“GIP and KKR are proud to be leading this effort to help catalyze and enable infrastructure investment in the Indo-Pacific,” said Matt Harris, GIP Founding Partner and Co-Chairman of the investor coalition. “Together, we look forward to helping IPEF countries further their economic development and harness the opportunity private capital provides to advance efficiency and resilience in critical infrastructure.”

“There is a significant need to accelerate infrastructure investment to support Indo-Pacific countries in achieving their economic ambitions,” said Joe Bae, Co-Chief Executive Officer, KKR and Co-Chairman of IP3 and the investor coalition. “As one of the largest infrastructure investors in Asia, we see tremendous long-term opportunities in the region’s infrastructure and look forward to collaborating with the coalition to increase the deployment of private capital in the Indo-Pacific region.”

The coalition will initially focus on scaled infrastructure investments across the energy, transportation, water and waste, and digital sectors.

 

About Indo-Pacific Partnership for Prosperity

The Indo-Pacific Partnership for Prosperity (IP3) is a collaboration of public, private, and non-profit leaders dedicated to mobilizing capital and expertise to advance economic growth, sustainability, and inclusivity in the fourteen partner countries of the Indo-Pacific Economic Framework (IPEF). IP3 is a non-profit, non-governmental organization that works with partners across the region to strengthen the resilience of critical supply chains, accelerate the energy transition, and bolster workforce development and upskilling. For additional information, visit: https://www.indopacificpartnership.org/.

Launched in May of 2022, The Indo-Pacific Economic Framework (IPEF) is an initiative between the United States, Australia, Brunei, Fiji, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam, which seeks to advance the resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness of the 14 IPEF economies. This partnership revolves around three of the Framework’s pillars to include supply chains, clean economy, and fair economy.

 

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.

About Global Infrastructure Partners (GIP)

Global Infrastructure Partners (GIP) is a leading infrastructure investor that specializes in investing in, owning and operating some of the largest and most complex assets across the energy, transport, digital infrastructure and water and waste management sectors. Headquartered in New York, GIP has offices in Brisbane, Dallas, Hong Kong, London, Melbourne, Mumbai, Singapore, Stamford and Sydney.

GIP has approximately $112 billion in assets under management. Our portfolio companies have combined annual revenues of approximately $73 billion and employ over 115,000 people. We believe that our focus on real infrastructure assets, combined with our deep proprietary origination network and comprehensive operational expertise, enables us to be responsible stewards of our investors’ capital and to create positive economic impact for communities. For more information, visit www.global-infra.com.

Indo-Pacific Partnership for Prosperity (IP3) Media Contact

Matt McAlvanah

+1-202-341-9362

media@indopacificpartnership.org

Global Infrastructure Partners (GIP) Media Contact

Mustafa Riffat
+1-646-216-7788
mustafa.riffat@global-infra.com

KKR Media Contact

Liidia Liuksila

+1-212-750-8300

media@kkr.com

 

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