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KKR appoints Kimberly A. Ross as new independent Director

KKR

NEW YORK–(BUSINESS WIRE)–KKR & Co. Inc. (NYSE: KKR) today announced that Kimberly A. Ross has been appointed to the Board of Directors of KKR & Co. Inc. (the “Company” and, together with its subsidiaries, “KKR”) effective September 20, 2023. Her appointment will bring the number of independent directors to ten out of a total of fourteen Board seats.

KKR Appoints Kimberly A. Ross as New Independent Director (Photo: Business Wire)

Ms. Ross is the former Chief Financial Officer of several public companies, including WeWork Inc., Baker Hughes Company, Avon Products, Inc., and Royal Ahold N.V.
The Company’s other independent directors include Adriane Brown (Managing Partner of Flying Fish Partners), Matthew Cohler (former General Partner at Benchmark), Mary Dillon (President and Chief Executive Officer of Foot Locker, Inc.), Arturo Gutiérrez Hernández (Chief Executive Officer of Arca Continental, S.A.B. de C.V.), Dane Holmes (Co-Founder, Chairman and Chief Executive Officer of Eskalera, Inc.), Xavier Niel (Founder and Chairman of the Board of Iliad SA), Patricia Russo (former Chief Executive Officer of Alcatel-Lucent), Robert Scully (former member of the Office of the Chairman of Morgan Stanley), and Evan Spiegel (Co-Founder and Chief Executive Officer of Snap Inc.).
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.

Contacts
Investor Relations:
Craig Larson
Tel: +1-877-610-4910 (U.S.) / +1-212-230-9410
investor-relations@kkr.com
Media:
Kristi Huller
Tel: +1-212-750-8300
media@kkr.com

Categories: People

Mr Lawrence Wong appointed as Deputy Chairman of the GIC Board

GIC

Singapore, September 25, 2023 – GIC announces the appointment of Mr Lawrence Wong, currently GIC Director, as Deputy Chairman. The appointment is effective 1 October 2023.

Mr Wong has been a GIC Director and Chairman of the Investment Strategies Committee (ISC) since 1 November 2018 and 7 July 2023 respectively. As Deputy Chairman, Mr Wong will assist the Chairman to lead the Board in overseeing GIC’s long-term asset allocation and portfolio performance.

Mr Wong is currently Singapore’s Deputy Prime Minister and Minister for Finance. He is the Chairman of the Monetary Authority of Singapore, and Chairman of Singapore Economic Development Board’s International Advisory Council. He is also a member of the Future Economy Council, the Research, Innovation and Enterprise Council and the National Research Foundation Board.

Categories: People

Eurazeo and ICAPITAL® announc eglobal partnership to widen access to Eurazeo’s PRivate Markets Opportunities for Wealth managers and their clients

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Eurazeo

Eurazeo will leverage iCapital’s cutting-edge technology and iCapital Marketplace to distribute Eurazeo’s suite of alternative offerings to Wealth Managers globally

 

Eurazeo, a leading global investment company with a diversified portfolio of €35 billion in assets under management, and iCapital1, the global fintech platform driving access to alternative investments for the wealth management industry, have today announced a partnership to increase Wealth Managers’ access to Eurazeo’s broad range of private markets opportunities.

Through this partnership, Eurazeo will leverage iCapital’s cutting-edge technology and iCapital Marketplace to support Eurazeo in distributing its suite of alternative offerings to Wealth Managers globally. The first launch available will be a feeder fund into Eurazeo’s new impact fund focused on Transition Infrastructure.

Eurazeo has a long-standing, 20-year track record of providing Wealth Managers and their high-net-worth clients with innovative investment solutions. Leveraging the technology and distribution of iCapital Marketplace, the partnership will support Eurazeo’s continued commitment to bring its broad suite of capabilities to Wealth Managers globally enabling them to build diversified portfolios for their clients.

Eurazeo has significant expertise across private equity, private debt, real estate and infrastructure strategies and is invested in around 600 companies. It launched a number of new products for private clients in 2023, highlighting its deep sector knowledge and its focus on delivering the best possible opportunities for its clients.

 

Luc Maruenda, Head of Wealth Solutions at Eurazeo, said:

“Addressing private individual investors and helping them broaden access to the private markets is part of our DNA and strategy. Based on our 20-year successful track record in France, we believe iCapital will be instrumental in replicating this strategy in Europe and beyond. With its leading technology and global positioning, iCapital was a natural choice to enhance the range of investment solutions for our Wealth Managers globally.”

 

Marco Bizzozero, Head of International at iCapital, said:

“We are delighted to welcome Eurazeo, a leading global investment company with considerable private markets experience, to iCapital Marketplace to support Eurazeo in distributing its investment offering to Wealth Managers and their clients around the world. This partnership demonstrates that iCapital is the partner of choice for Asset Managers accessing the growing pool of private wealth as Wealth Managers increasingly seek to benefit from including private markets investments in a diversified portfolio for their private clients.”

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Fibbl raises €4 million to scale XR technologies in e-commerce, bridging the gap between physical and online stores

Industriefonden

Fibbl raises €4 million to scale XR technologies in e-commerce, bridging the gap between physical and online stores 

Swedish company Fibbl, a pioneer in 3D model production and XR (extended reality) technology for e-commerce, successfully closed a €4 million investment round. The round was led by Industrifonden, with support from business angels Pontus Lindwall, Göran and Henrik Garvner and John Wattin. The new funds will be utilized to boost go-to-market efforts, further cementing Fibbl’s position as a key player in the rapidly growing market.

E-commerce enterprises face significant challenges when implementing XR experiences at scale, with complex processes that require substantial time and up-front costs. Fibbl’s technology simplifies this journey by providing brands and retailers with on-demand access to consistent and unparalleled quality of 3D models, optimized for omnipresence in XR across platforms.

“We firmly believe in a future where the online product experience exceeds that of traditional brick-and-mortar stores and are thrilled to get the support from strong investors in bringing our vision to life,” said Henrik Arlestig, co-founder and CEO of Fibbl. “With our advanced XR technology and a scalable software-as-a-service business model, we are at the forefront of transforming the e-commerce landscape.”

Through seamless plug-and-play integration and easy onboarding, brands and retailers gain immediate access to 3D content and XR technologies, facilitating rapid adoption and improved shopping experiences for their end-customers. Fibbl’s agnostic and scalable technology can adapt to emerging technologies and extend beyond their current focus on sport and fashion products to various product verticals.

Caroline Wachtmeister, at Industrifonden, commented:  “As customers increasingly demand a comprehensive understanding of the products they purchase, Fibbl’s innovative solutions are poised to play a crucial role in shaping the future of online retail for the better. We are thrilled to support Fibbl in their mission to revolutionize e-commerce through the integration of 3D and XR technologies. With an exceptional team, Fibbl is well-positioned to capitalize on the immense potential of the market.”

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GBA Group expands range of toxicology services

Fields Group

Hamburg/Roßdorf, 20. September 2023. GBA Group is expanding its range of toxicology services for customers in the chemical, medical device and pharmaceutical industries with the acquisition of ICCR-Roßdorf GmbH (ICCR-Roßdorf) from investor FIELDS Group. This acquisition underlines GBA Group’s ambition to position itself broadly as an international life science service provider through targeted portfolio expansions and investment in leading CROs.

Today’s ICCR-Roßdorf GmbH (Institute for Competence Contract Research – Roßdorf) was founded in 1986 and has its headquarters with almost 100 employees in Roßdorf near Darmstadt. The focus of ICCR-Rossdorf is the investigation of the genotoxic potential of pharmaceuticals, agrochemicals, cosmetics and chemicals. For customers in the field of medical devices, the service portfolio is supplemented with modified protocols for the investigation of the effects of extracts.

Dr. Sabine Gorynia, Executive Vice President Pharma & Medical Devices, GBA Group, underlines the synergies resulting from the merger: “With more than 30 years of experience, one of the world’s leading Gentox providers enriches the portfolio and business network of GBA Group. We are pleased to further strengthen our growth in the preclinical area together with our colleagues from ICCR-Roßdorf and to be able to offer our national and international customers another important component in an even broader service portfolio.”

Dr. Markus Schulz, Managing Director of ICCR: “The constructive and open discussion in the run-up to the transaction showed that the closer cooperation between GBA Group and ICCR-Roßdorf offers great opportunities. This applies both to the broad use of the solutions and expertise we have developed in the toxicology field within the GBA Group and to joint projects in the development of innovative assays in new areas of application.”

 

About GBA Group

GBA Group is an international life science service company with more than 2,000 employees in 8 countries and a broad range of analytical, logistical and specialist services in the fields of pharmaceuticals, medical products, cosmetics, chemicals, food, drinking water and the environmental sustainability. The range of services offered by the GBA Group includes laboratory analytics, data management, special logistical services for clinical trials, as well as consulting services for private companies and public institutions in connection with their activities in the fields of research, product development, market development, and consumer protection. Through its work, the GBA Group makes a sustainable contribution to public health, the environment and society as a whole.

About FIELDS Group

FIELDS Group is an entrepreneurial, hands-on investor focused on developing businesses with potential. FIELDS invests in companies headquartered in the Benelux and DACH regions and achieves fundamental transformations with its team.

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Activa Capital sells its stake in Explore Group

Activa Capital

Activa Capital sells its stake in the capital of Explore Group, the leading provider of construction and
commercial project tender information, in favor of Intescia as part of a strategic alliance.
Founded in 1997 by Laurent Nicouleau and Philippe Raison, Explore Group has firmly established itself
as the foremost provider of information regarding tenders in the construction and commercial project
sector in France.

The acquisition of Explore Group will consolidate Intescia’s position with a unique portfolio of solutions
covering construction, real estate, business services, healthcare, and retail, serving over 20,000
customers and 100,000 users in Europe.

This recent transaction comes merely four years after Activa Capital’s initial commitment. During this
period, Explore Group has notably acquired 3 highly complementary companies, enabling the
expansion of its solution portfolio and distribution channels, reinforcing the verticalization of its
offerings, and consolidating its leadership in the real estate and construction sector.
« The alliance between the Intescia and Explore groups represents a unique opportunity to create the
European leader in BtoB business intelligence solutions based on a unique platform of brands and
services. This is the culmination of a project that began 25 years ago, accelerated by Activa Capital’s
support as part of our growth and development dynamic » said Laurent Nicouleau and Philippe Raison
founding directors of Explore.

« We are very proud to have supported the Explore Group during the 2019 primary LBO alongside the
founders and their team. With 3 acquisitions, Explore has achieved remarkable growth, doubling in size
over the period. We will continue to closely monitor this exciting industrial alliance, which is creating
the first European business intelligence platform based on AI. We wish all the best to the teams involved
in this new partnership.» added Christophe Parier and Alexandre Masson, Managing Partners of
Activa Capital.

Participants
Acquirers
Intescia: Yannick Dupuch, Damien Le Berre
Five Arrows : Younes Zemmouri, Victor de Tracy, Morgane Casalta, Lauriane Cadiou
Advisor to the acquirers
M&A: Amala Partners (Jean-Baptiste Marchand)
Transaction Services : Alvarez & Marsal (Frédéric Steiner, Simon Regard)

Lawyers: McDermott Will & Emery (Grégoire Andrieux, Fabrice Piollet)
Sellers
Activa Capital: Alexandre Masson, Christophe Parier, David Quatrepoint, Elliot Thiéblin
Management: Laurent Nicouleau, Philippe Raison
Advisors to the sellers
M&A: Bryan Garnier (Thibaut de Smedt, Stanislas de Gmeline, Jonathan Bohbot, Paul
Wertheimer, Théo Demeusoy)
Transaction Services: Iteraxon (Nicolas Bayle)
Lawyers Activa Capital: Hogan Lovells (Florian Brechon, Stéphane Huten, Shanna Hodara,
Guillaume Denis)
Lawyers founders: Fidal (Jean-François Yerle, Jironi Harivel)
About Explore Group
Explore Group is a leading player in B2B data intelligence with undisputed expertise in real estate and
construction. Building on 25 years of expertise, Explore Group is home to several brands including Explore,
the leading French provider for construction project intelligence, Wanao for public tender management,
Sendao for fully-outsourced tender submission and Codata, the leader in retail and commercial real estate
data. Explore Group operates from offices in France, Belgium and Morocco. www.explore.fr

About d’Activa Capital
Activa Capital is an independent private equity firm, owned by its partners, characterized by a proactive
build-up strategy. It currently manages more than €300 million on behalf of institutional investors by
investing in French SMEs and ETIs with high growth potential and an enterprise value of between €20 and
€100 million. Activa Capital assists them to accelerate their development and international presence. To find
out more about Activa Capital, visit www.activacapital.com

Press Contacts
Alexandre Masson Christophe Parier
Managing Partner Managing Partner
+33 1 43 12 50 12 +33 1 43 12 50 12
alexandre.masson@activacapital.com christophe.parier@activacapital.com

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Ship Spare Logistics and Global Transport Solutions join forces

FIrst Dutch

We are thrilled to announce that Ship Spare Logistics (SSL), previously a part of Burando Maritime Services and a member of the First Dutch of Companies, has been acquired by Global Transport Solutions (GTS). This strategic move brings together two industry leaders and sets the stage for a new era in marine spare parts logistics.

The union of SSL and GTS marks a significant milestone in the maritime industry. By combining their expertise, resources, and international networks, these companies are poised to deliver unparalleled service offerings. This synergy will enable them to meet the increasingly complex demands of the marine logistics sector efficiently.

Through the integration of cutting-edge technology and seamless service coordination, SSL and GTS aim to revolutionize the market. Their shared vision is to provide a disruptive and comprehensive logistics solution, streamlining the entire process from vendor to vessel. Clients can expect a streamlined and hassle-free experience thanks to the innovative solutions and deep industry knowledge that SSL and GTS bring to the table.

As part of the First Dutch group of companies, we proudly support Ship Spare Logistics on their transformative journey alongside Global Transport Solutions. This collaboration promises to create a logistics powerhouse within the maritime industry, setting new standards for excellence and customer satisfaction.

To learn more about this announcement, please click here.

Categories: News

MTWH acquires Metalstudio Group, doubling its revenues

Deutsche_Beteiligungs_AG
  • Metalstudio Group specialises in metal components for the high-end luxury goods market
  • Biggest independent supplier on the market – Metalstudio generated 2022 revenues of more than 80 million euros with “Made in Italy” products

Frankfurt/Main, 20 September 2023. MTWH, a group of Italian manufacturers of metal and plastic accessories for the luxury goods industry and a portfolio company of Deutsche Beteiligungs AG (“DBAG”), acquires Metalstudio Group, a supplier of metal goods serving the high-end luxury market segment based in Scandicci near Florence, Italy. Metalstudio’s founder Egidio Salvini will become a shareholder of MTWH, and the company’s chairman. The parties have agreed not to disclose details of the sale.

Metalstudio Group employs more than 300 specialist staff. True to its motto “Made in Italy”, the company is a supplier to some of the most prestigious Italian and French luxury fashion brands. The product range comprises accessories for leather goods and shoes, made from brass, steel and zamak alloys. The company distinguishes itself through highly efficient processes together with extensive production capacity. Its profile is complemented by high levels of craftsmanship, as befits the expression of “Luxury Made in Italy”. Metalstudio Group generated revenues in excess of 80 million euros in 2022. With this acquisition, MTWH strengthens its strategic position as an Italian centre of excellence for luxury market accessories, doubling its revenues to approximately 165 million euros.

DBAG Fund VIII, advised by Deutsche Beteiligungs AG, acquired a majority stake in MTWH in June 2022; DBAG co-invested in that transaction, using its own financial resources. Founded in 2016, MTWH Group has since enjoyed a positive performance through strategic add-on acquisitions and a successful repositioning. The company employs 250 people at its sites near Bergamo and Florence; a Paris office was recently opened to deepen relations with French luxury goods brands.  The Group serves an end market that has grown globally by an average of six per cent per annum over the past 25 years.

“MTWH is active in a market defined by structural growth. The company will further strengthen its market position with this most recent acquisition, which will trigger an increase in highly qualified employees and expand customer access. The acquisition of Metalstudio will help MTWH in its ambition to create a centre of excellence for the luxury goods industry,” said Tom Alzin, Spokesman of the Board of Management of Deutsche Beteiligungs AG.

Cesare Luzzana, Managing Director of MTWH, stated: “MTWH acquires additional expertise with Metalstudio Group that will allow us to strengthen and expand our market presence and our range of services.”

“Customer service, progress and sustainability have been the three guiding principles accompanying our 50-year journey. The collaboration with MTWH, which shares and continues to pursue these key principles, will allow us to further improve our positioning and our customer relationships,” emphasised Egidio Salvini, founder of Metalstudio Group.

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Miura Partners takes a 25% stake in GasN2, a leading company in industrial gas generation and freezing equipment

Miura Capital
    • GasN2 manufactures innovative industrial gas generation, freezing and CO2 capture equipment.
    • It is the third investment of Miura’s Impact Fund, launched in 2022 with a target size of €150 million.

GasN2 strengthens its shareholding with the entry of Miura Partners to accelerate its national and international business expansion.

Founded in 2009 and headquartered in Barcelona (Spain), GasN2 designs, develops and commercializes energy-efficient industrial equipment for a wide variety of industrial applications and market segments, such as food, pharma and healthcare.

The company offers on-site industrial gas generation and mixing equipment that is more efficient, saving more energy consumption than current alternatives. In addition, it develops industrial refrigeration and drying devices using cleaner gases, as well as CO2 capturers which are further reused in water treatment, among other solutions.

Thanks to its positioning, GasN2 has grown 25% annually over the last years and expects to reach a turnover of €10 million in 2023. The founders of GasN2, with Oriol Martínez-Huguet as CEO, will keep a majority stake and continue to lead the project.

GasN2 is Miura Impact Fund’s third transaction following the investments in Tierra and Wikiloc. The fund was launched in 2022 with a target size of €150 million, aimed at high-growth SMEs with environmental and social impact business models.

GasN2, pioneering industrial sustainability

Spain, in line with other developed economies, has an industrial sector responsible for 24% of total energy consumption and 16% of CO2 emissions in the country, according to data from the International Energy Agency (IEA).

The United Nations, in its Climate Action Plan 2020-2030, has set targets to reduce electricity consumption and carbon emissions by 2030 (-35% and -45% per capita respectively) and to achieve carbon neutrality by 2050.

GasN2’s activity contributes directly to meeting the targets set and to the sustainability of the industry in general.

Oriol Martínez-Huguet, Founder & CEO of GasN2:

“GasN2 has been looking for an investment partner to drive the company’s growth while maintaining the essence of the company: prioritizing innovation in environmental and sustainable technologies while being close to our clients and team.”

Gustavo Barroeta, partner at Miura Partners:

“GasN2 is the kind of company we are excited to support from our Impact Fund, with a clear vision, a scalable business model oriented towards sustainability and great growth potential. Together with Oriol, Pau, Bernat and the rest of the team, we will drive the growth plan while preserving the company’s core values.”

Miura Partners was advised by KPMG, Roland Berger and CMS Albiñana & Suárez de Lezo, while GasN2 has been advised by AVQ Legal and Atlantis SC.

About GasN2

Founded in 2009 and headquartered in Barcelona (Spain), GasN2 innovates, develops, manufactures and commercializes energy-efficient industrial equipment for a wide variety of industrial applications on a rental basis. Since its foundation, the company has installed and maintains more than 400 industrial equipment in Spain, Italy and France.

About Miura Partners

Miura Partners is a purpose-driven Private Equity firm. With offices in Barcelona and Madrid, the firm specializes in investing in small and medium-sized family-owned and entrepreneurial companies. Miura provides attractive growth and innovation plans with a clear focus on sustainability, under its three investment strategies: Buy-outs, Impact, and Agribusiness.

Since 2008, Miura has invested in more than 60 companies, for a total value in excess of €3.0 billion. Currently, the firm has €1.2 billion Assets under Management.

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LMtec Digital Solutions Joins Forces with Emixa

Holland Capital

Amsterdam, 18 September 203 –Emixa, the leading SAP/Siemens/Mendix technology partner, is investing in LMtec Digital Solutions, with support from its majority shareholder Holland Capital. With this partnership, Emixa expands its presence into the DACH region and further enhances its product and service offerings, accelerating the digital transformation of its international Industry 4.0 clients.

LMtec Digital Solutions is a leading partner of Siemens Digital Industries Software with offices in Germany and Switzerland, specialized in providing PLM (Product Lifecycle Management) solutions, including maintenance, technical support, and consultancy. This partnership contributes to their vision of playing a significant role in the digital transformation of the manufacturing industry, also known as ‘Industry 4.0’, through technologies such as Siemens, SAP, and Mendix. Furthermore, this collaboration offers its employees opportunities for international development within the wide range of services, technologies, and countries where the group operates.

Growth through buy-and-build

The acquisition of LMtec Digital Solutions is the next step in the buy-and-build strategy, executed with the support of Holland Capital. Including LMtec, Emixa now employs over 520 professionals, focusing on product lifecycle and asset management, IT architecture, low-code applications, system integrations, and process optimization, primarily targeting the manufacturing industry. The group aspires to become the leading player in Western Europe and has now expanded its operations to the DACH region, in addition to the Benelux and the United Kingdom.

Peter-Jan Simons, CEO of Emixa, commented, “LMtec is a strategic addition to our group, bringing high-level expertise in digital transformation to the modern industry. I am very excited about this addition, as together with LMtec, we can now better serve our customers in the DACH, UK, and Benelux regions within the technology triangle of SAP-Siemens-Mendix. Additionally, our consultants will have more international career opportunities. LMtec’s Siemens PLM expertise will boost our Siemens activities in Europe and elevate our partnership with Siemens to a higher level.”

Peter Wassmer, Managing Partner of LMtec Digital Solutions, stated, “Siemens recognizes Emixa as a leading specialist capable of delivering solutions based on SAP/Siemens/Mendix technology. Joining forces with Emixa is the perfect combination to realize our existing vision: to act as a trusted digital coach for our clients in addressing their digital thread for product and production.”

Ewout Prins, Managing Partner of Holland Capital, added, “The acquisition of LMtec is the next significant step in Emixa’s buy-and-build strategy. In addition to the Benelux and the UK, the group is now strongly represented in the DACH region. We are proud that our teams in Düsseldorf and Amsterdam have contributed to this acquisition.”

About LMtec Digital Solutions

LMtec, founded in 2014, provides digital transformation consultancy, architecture, and implementation of PLM solutions, licenses, and IT services across all industrial sectors. With a team of more than 70 experts in Central Europe, its mission is to enable valued customers to innovate and bring better products and services to the market more quickly. They achieve leading innovation through in-depth industry knowledge, PLM best practices, unique processes, and technological skills. LMtec is a Smart Expert Partner of Siemens Digital Industries Software, SAP and Mendix in the DACH region.

About Emixa

Emixa offers its clients innovative, high-quality, full-service solutions in the field of digital transformation, with a special emphasis on the manufacturing industry, also known as ‘Industry 4.0,’ using Siemens (PLM), SAP (ERP), Mendix (Low Code Applications), and other leading technologies. The group operates in the Benelux, the United Kingdom, Ireland, Germany, and Switzerland. The foundation for Emixa was established in 2022 when the companies Appronto, cards PLM Solutions, Dimensys, Magnus, and OnePLM joined forces with the support of Holland Capital.

About Holland Capital

For the past 40 years, Holland Capital has responsibly and successfully invested in more than 180 Dutch SMEs. With a clear investment strategy, they are active in the attractive growth markets of Healthcare, Technology, and Food & Agri. Their experienced and committed investment team understands entrepreneurship. They aim for an open, sustainable, and professional relationship with the management teams of the companies they invest in, with the common goal of achieving growth. Holland Capital is supported by a broad network of successful entrepreneurs in Healthcare, Technology and Food & Agri. Holland Capital has offices in Amsterdam and Düsseldorf. The acquisition of LMtec represents Holland Capital’s first acquisition in Germany.

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