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ONCAP Partners with Merrithew

Onex

Toronto, ON, February 17, 2022 – ONCAP today announced it has purchased a majority stake in Merrithew International Inc. (“Merrithew” or the “Company”), in partnership with the Company’s founders, Lindsay and Moira Merrithew.

Merrithew is a global leader in mindful movement as one of the largest developers, manufacturers and retailers of Pilates equipment, accessories, content and education worldwide. The Company’s innovative education and certification programs for fitness instructors operate under several global brands including STOTT PILATES®, ZEN•GA®, Total Barre®, Halo® Training, Merrithew Fascial Movement, and CORE™ Athletic Conditioning and Performance Training™. Founded in 1988 and headquartered in Toronto, Ontario, Merrithew has trained more than 60,000 instructors and partners worldwide since inception.

“Today’s announcement marks an exciting new chapter for Merrithew’s continued global growth and expansion with the support of ONCAP,” said Lindsay G. Merrithew, President & CEO of Merrithew. “ONCAP’s impressive track record backing founder-owned businesses gave our family the utmost confidence they are the ideal partner for us.”

“Merrithew is recognized by consumers globally for its high-quality and innovative equipment, accessories and education courses and content, with an unparalleled commitment to exceptional customer service,” said Wole James, a Managing Director with ONCAP. “We are delighted to be partnering with Lindsay, Moira and the Merrithew team to further build on the Company’s tremendous success and global expansion through a variety of organic and acquisition growth initiatives.”
The investment was made by ONCAP IV, Onex Corporation’s (TSX:ONEX) $1.1 billion fund. The terms of the transaction are not being disclosed at this time.

About ONCAP
ONCAP is the mid-market private equity platform of Onex. In partnership with operating company management teams, ONCAP invests in and builds value in North American headquartered small- and medium-sized businesses that are market leaders and possess meaningful growth potential. For more information on ONCAP, visit its website at www.oncap.com.
Founded in 1984, Onex manages and invests capital on behalf of its shareholders, institutional investors and high net worth clients from around the world. Onex’ platforms include: Onex Partners, private equity funds focused on mid- to large-cap opportunities in North America and Western Europe; ONCAP, private equity funds focused on middle market and smaller opportunities in North America; Onex Credit, which manages primarily non-investment grade debt through tradeable, private and opportunistic credit strategies as well as actively managed public equity and public credit funds; and Gluskin Sheff’s wealth management services. In total, as of September 31, 2021, Onex has approximately $47 billion of assets under management, of which approximately $7.9 billion is its own investing capital. With offices in Toronto, New York, New Jersey, Boston and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.
Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.

About Merrithew
Merrithew™ is the global leader in mind-body education, content and equipment. Founded in 1988, the company has trained more than 60,000 instructors and partners worldwide, developed six innovative education programs— STOTT PILATES®, ZEN•GA®, Total Barre®, Halo® Training, Merrithew Fascial Movement and CORE™ Athletic Conditioning & Performance Training™— and has produced an extensive line of professional and at-home equipment and accessories for personal and professional use.
In 2020, Merrithew launched Merrithew Connect™, a video streaming platform featuring new and signature Pilates, fitness and mind-body workouts, training and education from its internationally-recognized team of presenters. For more information, visit www.merrithew.com.

For Further Information:
Onex
Jill Homenuk
Managing Director – Shareholder
Relations and Communications
Tel: +1 416.362.7711
Merrithew
Meghan Gogan
Vice President, Marketing and
Communications
Tel: +1 647.725.0960

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CVC Credit partners with AlphaPet to support its ongoing growth plans

CVC Capital Partners

17 Feb 2022

CVC Credit is pleased to announce that it has provided unitranche debt facilities to support the growth strategy of AlphaPet, a leading German pet food business. CVC will support the ongoing organic and acquisitive growth of the business, including the recent acquisition of Arden Grange, a UK-based premium pet food brand, through the provision of a term loan as well as a committed acquisition facility.

Headquartered in Germany, AlphaPet is a digital brand platform and an online leader in the premium pet food market. Its portfolio of eight leading brands includes Wolfsblut, Wildes Land and Müller’s Naturhof. Through its ecommerce channels, the company has direct access to over one million direct customers, as well as an offline presence through a network of more than 13,000 points of sale with independent retailers and partners.

Established in 2016, AlphaPet has grown rapidly through both organic growth and scaled via acquisition. The addition of Arden Grange greatly complements the existing brands and expands the business’s footprint into new geographies.

Neale Broadhead, Partner in the Private Credit team at CVC Credit, commented “We are delighted to announce our commitment to AlphaPet and our first investment from CVC European Direct Lending Fund III, which focuses on lending to established medium and large European companies with proven business models. CVC has significant experience in the pet retail sector through our private equity investments in Petco in the US and Medivet in Europe, and this knowledge was essential in accurately evaluating this transaction.”

David Deregowski, Director in the Private Credit team at CVC Credit, added: “AlphaPet is the dominant digital player in Germany with a portfolio of premium brands that command a large and loyal customer base. It is active in a growing and resilient market that benefits from favourable demographic trends and is very well-positioned to continue its strong buy-and-build track record. CVC is delighted to support the business for its next chapter of growth.”

Marco Hierling, Founder and Managing Director of AlphaPet Ventures, said of the acquisition: “Arden Grange is a strong and well-positioned premium brand for which we see great potential not only in the UK but also in DACH. Above all, we can make a good contribution to the further growth of the brand through our digital know-how, direct end-customer access as well as through our sales team in DACH with access to over 13,000 points of sale. With Arden Grange, we are coming a big step closer to our goal of establishing AlphaPet as the leading digital platform for premium pet food in Europe. We are building on the existing and long-standing supplier and customer relationships in the UK and look forward to expanding these further in the coming year.”

Stefan Pfannmöller, Founder of AlphaPet Ventures GmbH and Partner at Venture Stars commented: “Having accompanied AlphaPet with Venture Stars since its foundation, we are initiating the further internationalisation of AlphaPet with already the second acquisition in the last two years. We are pleased to take this step together with our long-term equity partners and the renowned debt fund CVC. We will consistently carry out the further buy-and-build strategy together to establish our leading pan-European position as a digital brand platform.”

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Drawbrigde Realty recapitalizes $1.7B innovation -focused office portfolio and expands KKR partnerschip with long-term funding from Global Atlantic

February 17, 2022

NEW YORK & SAN FRANCISCO–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced that Global Atlantic Financial Group (“Global Atlantic”), on behalf of its affiliated insurance companies, has recapitalized an approximately $1.7 billion portfolio of 95% leased, Class A office properties held by investment vehicles managed by Drawbridge Realty (“Drawbridge”). In connection with the transaction, KKR and Drawbridge have established a new venture that will enable Drawbridge’s investment platform to source a pipeline of attractive investment opportunities for Global Atlantic. With committed long-term insurance capital from Global Atlantic, Drawbridge is positioned to accelerate its investments in high-quality, innovation-focused, net-leased office properties in growth markets nationwide with a goal to more than double the size of its portfolio over the next two to three years.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220217005813/en/

Drawbridge is a real estate investment manager focused on acquiring, developing and managing strategically important properties leased to large corporate users, emphasizing well-located, predominately single tenant office, R&D, life science and industrial buildings in technology and innovation markets with secular growth. The company has a more than 20-year history of executing on its investment strategy and assisting major public and private corporations, as well as institutional owners of commercial property, with their real estate needs while creating value for investors. As a result of the new venture, Drawbridge expects to significantly expand its pace of acquisitions in its existing markets while also entering several new markets.

KKR’s insurance business Global Atlantic is recapitalizing the entirety of Drawbridge’s portfolio which comprises approximately 5.4 million square feet of Class A office assets in innovation-driven growth markets, currently concentrated across the West Coast and Sunbelt regions. The properties are over 95% leased to high-quality corporate tenants, predominantly under triple net leases. Under the terms of the agreement, Drawbridge will continue to oversee and manage the portfolio following the recapitalization.

“This transaction delivers a great outcome for our fund investors. My partners and I are excited to enter the next chapter of our strategic alliance with KKR,” said Mark Whiting, Drawbridge’s Co-Founder and CEO. “Since 2014, with KKR’s support, we have scaled our differentiated operating model and portfolio of high-quality corporate real estate. The stability of capital provided by Global Atlantic’s insurance company balance sheet will enable us to deliver enhanced solutions for our corporate clients and positions Drawbridge for accelerated growth.”

“Drawbridge’s high-quality portfolio is a great fit for our rapidly expanding sources of real estate capital. We are pleased to deepen our relationship with Drawbridge and its experienced team,” said Billy Butcher, Chief Operating Officer of KKR’s global real estate business. “Our new partnership will help to expand Drawbridge’s market presence further and provide KKR and Global Atlantic with access to a growing, diversified portfolio of well-leased, strategically important corporate properties.”

KKR and Drawbridge initially partnered in 2014 to recapitalize a portfolio alongside strategic institutional investors. Since then, the portfolio has tripled in total value while delivering attractive returns to investors. KKR will maintain its ownership stake in the investment manager alongside Drawbridge’s management team following the transaction.

About Drawbridge Realty

Drawbridge Realty is a San Francisco-based real estate investment company focused on acquiring, developing and managing commercial property investments in high growth technology and innovation driven markets across the U.S. Its portfolio primarily consists of strategically important office and research properties leased long-term to large corporations. Drawbridge has a successful history of creating value for corporate clients and investors and has completed transactions with many major companies including Apple, Bayer, Broadcom, Collectors Universe, IBM, Google, Johnson & Johnson, L3Harris Technologies, Lockheed Martin, Medtronic, NI, Northrop Grumman and Take-Two Interactive. https://www.drawbridgerealty.com

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 and on Twitter @KKR_Co.

Media:
For Drawbridge Realty:
Andrew Neilly and Nancy Amaral
925-930-9848
andrew@gallen.com / nancy@gallen.com

For KKR:
Julia Kosygina and Miles Radcliffe-Trenner
212-750-8300
media@kkr.com

Source: KKR

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Baird Capital Portfolio Company SourceDay Raises $31.5M in Series C Funding

Baird Capital

Today, Baird Capital portfolio company SourceDay, a leading supplier collaboration engine for the direct spend industry, and one of Austin’s fastest-growing companies, announced it closed a $31.5 million Series C round of funding. Baird Capital participated in the round of funding—which Norwest Venture Partners led—and was joined in participation from existing investors ATX Ventures, Draper Associates, Ring Ventures and Silverton Partners.

This Series C news comes at a critical time for manufacturers, distributors, consumer packaged goods brands and retailers as they are challenged with continued supply chain disruptions and first-mile issues accelerated by the pandemic. Baird Capital initially invested in SourceDay in April of 2020.

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Ratos company Aibel receives extension of Equinor frame agreement

Ratos

Equinor has decided to exercise a contract option for maintenance and modifications services on the Norwegian Continental Shelf (NCS). Aibel estimates that the value of the extension is approx. NOK 5.5 billion. Aibel will work on continuous improvements, digitalization of processes, and contribute to a sustainable development of the NCS.

Aibel’s frame agreements with Equinor for maintenance and modifications comprise work on ten offshore installations and five onshore facilities, and the agreements constitute a major part of Aibel’s activities. The current agreements expire at the end of February 2023, and the new extension prolongs the agreement until February 2026.

“As owners, we are proud of Aibel and thankful to Equinor for the award. It means securing jobs and it is a message of strength for Aibel’s future operations,” says Christian Johansson Gebauer, member of the board of Aibel and President Business Area Construction & Services at Ratos.

Going forward, Aibel and Equinor will continue to work on several common objectives within HSE, efficiency improvements, new technologies and implementation of digital tools. In addition, there will be a strong focus on low-carbon deliveries and ensuring safe, smart and cost-effective deliveries.

“The frame agreement is very important for Aibel. Maintenance and modifications contract provides significant activity, not at least in North of Norway, and we are very pleased to have continued our long-term relationship with Equinor. The agreement offers interesting tasks and good predictability for the approximately 1,000 employees who regularly work on M&M services from our offices, yard and on off- and onshore installations,” says Aibel President and CEO, Mads Andersen.

About Aibel
Aibel is a full-range supplier of innovative and sustainable solutions. The company builds and maintains critical infrastructure for energy companies and is one of the largest suppliers on the Norwegian continental shelf. Aibel holds a leading position within electrification of offshore oil and gas installations and onshore processing plants and is a significant supplier to the European offshore wind industry. More than 4,300 skilled employees work close to the customers at the company’s offices in Norway, Thailand and Singapore. In addition, Aibel owns two modern yards in Haugesund, Norway, and in Laem Chabang, Thailand, with significant prefabrication and construction capacity.

For further information:
Christian Johansson Gebauer, Board member in Aibel and President Business Area Construction & Services, Ratos, +46 8 700 17 00
Mads Andersen, President and CEO, Aibel, +47 982 96 501
Josefine Uppling,VP Communication, Ratos, +46 76 114 54 21

About Ratos
Ratos is a business group consisting of 13 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2020, the companies have approximately SEK 36 billion in sales. Our business concept is to develop companies headquartered in the Nordics that are or can become market leaders. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas for Ratos. Everything we do is based on Ratos’s core values: Simplicity, Speed in Execution and It’s All About People.

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Bain Capital Private Equity has received a definitive binding offer from D’Ieteren Group to purchase Parts Holding Europe

BainCapital

Bain Capital Private Equity has received a definitive binding offer from D’Ieteren Group to purchase Parts Holding Europe

London, February 14, 2022 – Bain Capital Private Equity (“Bain Capital”), a leading global private investment firm, announced that it has received a definitive binding offer from D’Ieteren Group, a family-controlled listed investment firm, to purchase Parts Holding Europe (“PHE”), also known as Autodistribution, a leading European digitally-enabled automotive parts distributor.

With c.€2 billion total sales, PHE is a European leader in B2B and online B2C distribution of  spare parts for light vehicles and trucks. Under Bain Capital’s ownership, PHE has built a truly pan European footprint expanding in the Benelux, Italy and Spain, and invested in state-of-the-art logistic capabilities and industry-leading digital services to its customers contributing to a consistent trajectory of organic growth above its end-markets and peers.

“I would like to thank Bain Capital for their partnership and valuable support”, said PHE CEO Stéphane Antiglio, who will continue to lead the business. “In the past five years, PHE has achieved a remarkable acceleration of its trajectory and significantly enhanced its competitive position through continuous investments. We have consolidated our strong leadership position in France and repositioned the business through digitalization and a successful and accretive pan-European expansion. We look forward to building on this strong foundation going forward under D’Ieteren Group’s ownership.”

“We are proud to have participated alongside PHE’s management in the creation of a pan European leader in B2B distribution with differentiated digital capabilities” said David Danon, managing director of Bain Capital. “The success story of PHE builds on Bain Capital’s strong track record investing in European B2B distribution, which includes IMCD, Brenntag, MKM and Brakes.”

Completion of the proposed acquisition will be subject to obtaining the necessary clearances from the competent antitrust and regulatory authorities, as well as the information and consultation processes of the relevant employee representative bodies in accordance with applicable laws. Further announcements will be made in due course.

Bain Capital was advised on this deal by Rothschild & Co and Latham & Watkins LLP.

About Parts Holding Europe
Parts Holdings Europe is a leading, integrated, digitally-enabled omnichannel distributor of automotive spare parts in continental Western Europe, contributing to affordable and sustainable mobility. The Group operates in the independent aftermarkets in Belgium, France, Italy, Netherlands and Spain, and has nearly 60 years of experience and a winning business model that drives superior value creation in distribution. Since the acquisition of Oscaro in November 2018, the Group has become an omnichannel (online and offline) distributor focused on both business-to-business (“B2B”) and business-to-consumer (“B2C”) offerings. The Group considers its target market to be vehicles aged over three to five years and up to 30 years. The Group benefits from having a wide assortment and strong purchasing advantage, a state-of-the-art logistics footprint, a powerful network of affiliated garages, and a differentiated value proposition with digitalization across the value chain.

About Bain Capital Private Equity
Bain Capital Private Equity has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since its founding in 1984. Bain Capital Private Equity’s global team of approximately 270 professionals creates value for its portfolio companies through its global platform and depth of expertise in key vertical industries including healthcare, consumer/retail, financial and business services, industrials, and technology, media and telecommunications.

Bain Capital has 22 offices on four continents. The firm has made primary or add-on investments in more than 1,000 companies since its inception. In addition to private equity, Bain Capital invests across asset classes including credit, real estate, public equity and venture capital, managing approximately $155 billion in total and leveraging the firm’s shared platform to capture opportunities in strategic areas of focus. For more information, visit www.baincapitalprivateequity.com.

 

This announcement does not constitute or form part of, and should not be construed as, an offer or invitation or inducement to subscribe for, underwrite or otherwise acquire, any securities of Parts Europe S.A. or any of its affiliates, nor should it or any part of it form the basis of, or be relied on in connection with, any investment decision with respect to securities of Parts Europe S.A. or its affiliates or any other company.

This announcement includes forward-looking statements that are based on current expectations and projections about future events. All statements other than statements of historical fact included in this document, including, without limitation, statements regarding the future financial position, risks and uncertainties related to the business, strategy, capital expenditures, projected costs and the plans and objectives for future operations, may be deemed to be forward-looking statements. Words such as “believe,” “expect,” “anticipate,” “may,” “assume,” “plan,” “intend,” “will,” “should,” “estimate,” “risk” and similar expressions or the negatives of these expressions are intended to identify forward-looking statements. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. In addition, any forward-looking statements are made only as of the date of this announcement, and Bain Capital does not intend, and does not assume any obligation, to update forward-looking statements set forth in this announcement.

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AURELIUS Equity Opportunities subsidiary BMC Benelux acquires De Rycke Bouwmaterialen

Aurelius Capital
  • Strong start to the year also in the area of add-on acquisitions: Add-on-acquisitions to Building Partners Group, EIG and BMC with combined revenues of over EUR 80 million and strong EBITDA contribution
  • Strategic add-on acquisition De Rycke with significant synergy potential to BMC
  • Continuing exciting market environment with great opportunities for the AURELIUS business model expected

Munich, 14 February 2022 – AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) announces the third add-on acquisition in year 2022. The group subsidiary BMC Benelux signed an agreement to acquire the building materials division of De Rycke, based in Beveren near Antwerp (Belgium). Together with the add-on acquisitions of Building Partners Group and EIG that have been announced since the start of the year, this increases AURELIUS consolidated revenues by over EUR 80m. The equity investment for all three add-on acquisitions is in the single-digit million euro range. The three companies make a mid-single-digit EBITDA contribution to the consolidated result, which will increase significantly through synergies with the existing portfolio companies.

The AURELIUS subsidiary BMC Benelux, a leading Belgian building materials merchant in the B2B sector, has agreed to acquire the building materials business of De Rycke. De Rycke Bouwmaterialen offers its customers a diverse product range and comprehensive services and consulting from new build projects to renovation. The Beveren location will be significantly strengthened by the integration into the BMC Benelux business and network. Through this acquisition, BMC Benelux will gain a presence in the Ghent – Antwerp – Brussels region. For De Rycke and BMC, this creates significant synergy and market potential to the existing business.

“With these three acquisitions, we have made a very good start to the new year in terms of acquisitions and have been able to strategically strengthen three of our group companies through add-ons,” Matthias Täubl, CEO of AURELIUS Equity Opportunities, is pleased to report. “The market environment remains exciting, we continue to see great opportunities for our business model in the turbulence caused by the ongoing coronavirus pandemic. We expect the market for group spin-offs to remain dynamic and this will create interesting opportunities for us to make acquisitions in all three segments we address – co-investments, platform investments and also in the area of strategic add-on acquisitions to strengthen our existing group companies.”

BMC Benelux is one of the top five players in a large market that remains highly fragmented. Under the two brand names YouBuild and Mpro, BMC Benelux primarily targets small and medium-sized professional customers in the construction industry. The retail chain has a dense branch network throughout Belgium, a wide product range and excellent services, such as delivery, cutting and rental of specialty tools. BMC Benelux has been part of AURELIUS since October 2019.

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Peak Rock Capital affiliate completes acquisition of Ziyad Brothers, a leading provider of branded middle eastern and mediteraanean foods

Peak Rock Capital

Austin, Texas, February 11, 2022 – An affiliate of Peak Rock Capital (“Peak Rock”), a leading middlemarket
private investment firm, announced today that it has completed an acquisition of Ziyad
Brothers (“Ziyad” or the “Company”), in partnership with the Company’s management team and the
Ziyad family.

Ziyad is a leading omni-channel provider of branded Middle Eastern and Mediterranean foods. The
Company has a 50-year track record of delivering a diverse product portfolio of over 800 SKUs to
thousands of customers, including local specialty grocers, supermarkets, national accounts, and ecommerce
platforms. Headquartered in Chicago, with additional facilities in New Jersey and
California, Ziyad has earned a strong reputation for its exceptional portfolio of brands, reliable service,
national distribution, deep relationships, and category expertise.
Steve Martinez, President of Peak Rock, said, “Ziyad represents a unique opportunity to invest in an
exceptional business and team that has differentiated itself as the unparalleled authority on Middle
East and Mediterranean cuisine. Ziyad’s history of service and dedication to its partners’ and
customers’ success, coupled with its strong and consistent track record of growth, make it an ideal
platform investment for Peak Rock. We are looking forward to partnering with the Company to
accelerate the execution of strategic growth investments.”

Nassem Ziyad, commented, “For generations, our family has been proud to serve our brand partners,
retail customers, and local communities. After an exhaustive search, it was clear that Peak Rock was
the right partner as we begin this next growth phase. Peak Rock truly understands our business, our
heritage, and our dedication to supporting our partner brands and customers. We look forward to our
partnership, which will position Ziyad for continued rapid growth across products, brands, and
retailers.” In conjunction with the transaction, Nassem Ziyad has been named as the Company’s Chief
Executive Officer.

“This transaction further exemplifies Peak Rock’s deep experience investing in founder and familyowned
businesses and highlights our continued interest in attractive investments in the food, beverage,
and distribution sectors. We continue to seek consumer-oriented platforms and acquisitions that we
believe could benefit from our ability to drive rapid growth and expansion,” added Anthony
DiSimone, Chief Executive Officer of Peak Rock.
The acquisition of Ziyad represents Peak Rock’s thirteenth investment in the food, beverage and
consumer industry in recent years.
CG Sawaya Partners served as financial advisor and Kirkland & Ellis LLP served as legal advisor to
Peak Rock on this transaction.

ABOUT ZIYAD
Ziyad is a leading omni-channel provider of branded Middle Eastern and Mediterranean food and
beverage products. Founded as a small bakery in 1966 in Chicago, Ziyad now owns numerous brands
and partners with dozens of world-class companies on an exclusive basis to deliver their brands to the
North American market. For more information on Ziyad, visit us online at www.Ziyad.com.

ABOUT PEAK ROCK CAPITAL
Peak Rock Capital is a leading middle-market private investment firm that makes equity and debt
investments in companies in North America and Europe. Peak Rock’s equity investment platform
focuses on opportunities where it can support senior management to drive rapid growth and
performance improvement, with expertise in corporate carve-outs and partnering with families and
founders seeking first-time institutional capital. Peak Rock’s credit platform invests across capital
structures, with a broad mandate to provide flexible, tailored capital solutions to middle-market and
growth-oriented businesses. Peak Rock’s real estate platform makes equity and debt investments in
small to mid-sized real estate assets in attractive, growing geographies. For further information about
Peak Rock Capital, please visit www.peakrockcapital.com.

Media Contact:
Daniel Yunger
Kekst CNC
(212) 521-4800
daniel.yunger@kekstcnc.com

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EQT Partner promotions

eqt

It is a great pleasure to announce this years’ Partner promotions!
2021 was an unprecedented year for EQT. We continued to build on our strengths and delivered the best year in our history on almost every metric. This would not have been possible without the exceptional individuals who drive our success and demonstrate dedication to our culture and values.
Having left a year for the history books behind, EQT looks forward to what we can accomplish together in 2022. We are happy to announce the following Partner promotions, effective as of 11 February 2022:Private Equity
Ali Farahani, Stockholm, joined 2013
Matteo Thun, Zürich, joined 2011
Nils Ketter, Munich (on relocation in Paris), joined 2012

EQT Exeter
John Toukatly, London, joined 2007
Thomas Wang, Oakland, joined 2012
“This year, we are promoting five colleagues who all determinedly contribute to our platform and are bearers of our shared ethos.”
Christian Sinding, CEO and Managing Partner, commented, “I extend my warmest congratulations to the individuals promoted today – welcome to the EQT partnership! This year, we are promoting five colleagues who all determinedly contribute to our platform and are bearers of our shared ethos. They will be instrumental as we continue to grow and expand our business and in making sure that we stay focused on performance, while at the same time contributing to the societies EQT invests in.”

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Ardian announces the sale of its stake in MBK Fincom (ProduceShop) to Gilde Buy Out Partners

Ardian

Ardian, a world-leading private investment house, announces that it has sold its stake in MBK Fincom (“MBK”), known as ProduceShop.

MBK, based in Switzerland, has developed a data-driven technology platform to create a new e-commerce model that gives customers access to a wide range of products. Leveraging its expertise in data analytics, MBK develops and markets its own digital brands across Europe and offers the best value for money for a wide range products, ranging from home furnishings, gardening and fitness equipment.

Alongside its 29 proprietary brands, MBK also sells products from partner brands on its ProduceShop website. MBK’s European presence is growing, with the company now selling in 24 countries, including Italy, France, Germany, Spain, Austria and Switzerland.

Since Ardian Growth took a stake in the company in 2020, MBK has tripled its revenues by accelerating its international development and diversifying its product offerings. It has also strengthened its technological expertise by investing in software tools.

“The partnership with Ardian has enabled us to accelerate our development,. Subsequently, we have rapidly taken on a European dimension while strengthening our internal resources, both human and technological. We are now entering a new chapter in our history and we look forward to working with Gilde in this new stage.” The Co-Founders, MBK

“We were very pleased to work with and support the growth of MBK. This is a perfect example of the entrepreneurial journeys we wish to support: ambitious founders and managers who aim for international development. This transaction follows several European investments in the digital sector, notably in Italy and Germany, and demonstrates our ability to be a strategic partner for European entrepreneurs. We would like to thank the entire MBK team.” Romain Chiudini, Managing Director within the Ardian Growth Team

“MBK is a perfect example of entrepreneurs who continue to innovate, even in the e-commerce market. Thanks to our multi-local European network, recently strengthened by a presence in Italy, and our cross-fertilisation expertise within Ardian’s Growth team, we identify talented entrepreneurs and act as a partner in scaling them up.” Bertrand Schapiro, Managing Director within the Ardian Growth Team

LIST OF PARTICIPANTS

  • ARDIAN

    • ROMAIN CHIUDINI, BERTRAND SCHAPIRO, OLIVIER ROY

ABOUT ARDIAN

Ardian is one of the world’s leading private equity firms with $125 billion under management and/or advice in Europe, America and Asia. The company, which is majority-owned by its employees, has always placed entrepreneurship at the heart of its approach and offers its international investors a first-class performance.
Through its commitment to sharing the value created with all stakeholders, Ardian contributes to the growth of companies and economies around the world.
Building on its values of excellence, loyalty and entrepreneurship, Ardian has an international network of over 780 employees in 15 offices in Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco), South America (Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). The firm manages funds for 1,200 clients through its five investment pillars: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

Follow Ardian on Twitter @Ardian

https://www.ardian.com/

ABOUT MBK FINCOM

MBK Fincom is a dynamic and technology-driven e-commerce company based in Switzerland, active in the sale of home & living branded goods, Europe-wide. MBK co-designs and improves the features of its products in order to offer consumers the best value-for-money option. The mission of MBK is to simplify the online process of research and purchase, including free home delivery. The variety of articles, together with the attention to quality and design, has allowed MBK to grow rapidly into a prominent European leader in the sector.

https://mbkfincom.com/

MEDIA CONTACTS

ARDIAN

HEADLAND

ardian@headlandconsultancy.com

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