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Headwall Makes Strategic Growth Investment in Industry-Leading Hyperspectral Interpretation Software

Arsenal Capital Partners

Accelerates Machine Vision strategy with perClass BV, leader in intuitive machine-learning spectral analysis software

July 7, 2022

Bolton, MA- Headwall Photonics, a world-leader in high-performance hyperspectral imaging systems and OEM devices for applications in remote sensing and industrial machine vision including food quality/safety inspection, precision agriculture, and environmental monitoring, amongst others, announced today its strategic growth investment in perClass BV. perClass is the developer of the industry leading perClass Mira spectral analysis software package, which integrates with various spectral sensors and enables intuitive spectral imaging analysis for advanced machine vision applications in research, industrial, and various commercial deployments.

“Spectral imaging has been used in research for decades to help answer a variety of complex questions. Until recently, this involved a time-consuming process of data acquisition, model development, and lengthy data analysis typically performed by a senior level scientist,” noted Don Battistoni, President of Headwall. “perClass Mira eliminates those complexities through an intuitive interface backed up by advanced machine learning algorithms, in the process dramatically expanding the addressable use cases for spectral imaging across numerous industrial markets.”

“perClass’ mission remains to simplify interpretation of spectral imaging data to expand deployment for industrial applications,” Dr. Pavel Paclik, perClass Founder and General Manager adds. “We remain dedicated to and will continue to support and work with our many loyal and new spectral sensor manufacturer partners. This growth investment and our extended partnership with Headwall will facilitate our ability to provide best in class solutions to the market for any sensor, and our deeper integration with a leading sensor provider accelerates our goal of advancing widespread adoption of spectral imaging in real-world applications.”

Headwall’s award-winning Hyperspec® MV.X already utilizes perClass Mira to both create spectral classification models and deploy them in applications such as the detection of food contamination, material sorting in recycling, and grading of fruit and nuts, amongst other applications. Both Headwall and perClass are focused on bringing hyperspectral imaging to more industries and researchers globally by introducing more intuitive yet powerful spectral analysis workflows and by eliminating the data interpretation complexities that have historically limited broader hyperspectral imaging adoption.

About Headwall
Headwall, headquartered in Bolton, MA, designs and manufactures hyperspectral solutions and technologies for the industrial, government, academic, and research end markets. The company’s products operate across the spectral range to analyze complex hyperspectral images and provide actionable insights to its customers. For more information, please visit www.headwallphotonics.com

About perClass BV
perClass BV was founded in 2006 to bring state-of-the-art machine learning to industrial practitioners and researchers via a powerful suite of perClass software tools. Following continued software development and an evolving understanding of the needs of the industrial market, in 2018 perClass released perClass Mira, a sensor agnostic software package which dramatically simplifies interpretation of images collected from all the world’s leading spectral imaging sensors. perClass focuses on addressing real-world work-flows and on enabling professionals around the world to develop highly innovative solutions. The company has organized dozens of practical training courses for a worldwide audience. With this investment, perClass becomes part of the Headwall Group, of which the perClass shareholders are now partial owners. For more information, please visit https://www.perclass.com

For more information, please contact:
Ross Nakatsuji
Headwall Marketing Communications Manager
580 Main Street
Bolton, Massachusetts 01740
Tel: +1-978-353-4051
E-Mail: rnakatsuji@headwallphotonics.com

Dr.Pavel Paclik
perClass BV
Molengraaffsingel 12
2629JD, Delft, The Netherlands
Tel: +31 648060368
E-Mail: pavel.paclik@perclass.com

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Clearview Capital announces the sale of Elevation Labs

Clearview

Clearview Capital Fund III, L.P. (“Fund III”), an affiliate of Clearview Capital, L.P.
(“Clearview Capital”), today announced the sale of its majority interest in NCL
Acquisition Corp. and its subsidiaries (collectively “Elevation Labs” or the “Company”),
a leading formulator and manufacturer of premium beauty products. The transaction
closed on June 30, 2022.

With a reputation for exceptional product quality and breakthrough innovation,
Elevation Labs provides extensive formulation and filling capabilities to more than 100
industry-leading beauty brands across more than 80 distinct product categories. The
Company operates state-of-the-art facilities in both Idaho Falls, Idaho, and Denver,
Colorado, with a deep bench of experienced chemists and lab technicians. With more
than 20 manufacturing certifications and end-to-end capabilities spanning product
formulation, sourcing, regulatory support, logistics, manufacturing, and packaging,
Elevation Labs is a go-to provider for complex and innovative products. The Company
has further distinguished itself with its commitment to ESG through a variety of key
initiatives, including powering its facilities entirely with renewable energy.

“We initially invested in Elevation Labs with the goal of creating a leader in the
prestige and natural beauty market. Through a combination of strategic add-on
acquisitions, investments in new and upgraded facilities and state-of-the-art
equipment, and the addition of several key management team members, Elevation
Labs has achieved this goal. The Company is now widely known as a premier
formulator and developer for some of the world’s most dynamic, high-growth beauty
brands,” said Bill Case, Managing Partner of Clearview Capital. “Under Fund III’s
ownership, Elevation Labs’ revenue and EBITDA more than tripled.”

“Clearview Capital has been a trusted and valuable strategic partner for our management team,” commented Michael Hughes, Elevation Labs’
CEO. “The Clearview team understood and supported our vision for the Company and provided the necessary resources to allow us to achieve
our goal of delivering Phenomenal Customer Experiences every day, including making significant investments to expand our capabilities, build
our team and pursue our strategic growth initiatives. We are grateful for their support and partnership.”
“The sale of Elevation Labs marks our seventh successful exit from Fund III,” commented Calvin Neider, Managing Partner and Co-Founder of
Clearview Capital. “We want to credit Michael Hughes and the entire Elevation Labs team for their impressive accomplishments, leadership,
and dedication in helping us build a world-class company. We wish all the best for this team and the Company as it moves to its next phase of
growth.”
Elevation Labs and Clearview Capital were advised by William Blair & Company, L.L.C. and Alston & Bird LLP.

About Elevation Labs
Elevation Labs is a leading formulator and manufacturer of premium skincare, haircare and color products, focused on exceptional product
quality, breakthrough innovation and an unwavering commitment to solving client challenges. Headquartered in Idaho Falls, Idaho, the
Company offers custom development and comprehensive contract manufacturing solutions in both traditional and high-performance clean
beauty. Since 2018, more than 170 products innovated by Elevation Labs in collaboration with partner brands have been recognized by Allure
and other beauty awards around the country. For more information, please visit www.elevationlabs.com.
About Clearview Capital
Founded in 1999, Clearview Capital is a private investment firm specializing in the acquisition and recapitalization of lower-middle market
companies in North America in the business services, healthcare services, consumer, manufacturing and specialized distribution sectors. Since
inception, the Clearview Capital team has completed more than 150 transactions in a wide variety of industries. Clearview Capital is currently
making investments from Clearview Capital Fund IV, L.P. and its affiliate, a $550 million vehicle. The firm is headquartered in Stamford,
Connecticut and has an additional office in Los Angeles, California. For more information, please visit www.clearviewcap.com.

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Gladstone Investment Corporation Acquires Dema Plumbing

Gladstone

DENVER, CO / ACCESSWIRE / July 6, 2022 / Headquartered in Denver, CO, Dema Plumbing is the largest plumbing and mechanical systems installation and services provider to single-family residential homebuilders in Colorado’s Front Range (including Denver, Boulder, Colorado Springs, and Fort Collins). By combining high-quality workmanship, advanced plumbing knowledge, and the region’s largest labor force of licensed plumbing professionals, Dema Plumbing provides unmatched service to national homebuilders throughout the Front Range region.

Simultaneous to this acquisition, Dema Plumbing will merge with Mai Mechanical, LLC (“Mai”), an existing portfolio company of Gladstone Investment. Based in Denver, CO, Mai is a leading provider of plumbing and mechanical services focused on multi-family residential construction in the Denver area. “We are very excited to partner with John and his team at Dema, and to continue our relationship with Mai through the formation of a larger platform better positioned to continue expanding in Colorado’s Front Range,” said Travis Steele, Director of Gladstone Investment.

“We believe that these businesses are a natural strategic fit, combining the largest plumbing and mechanical contractors serving the single-family and multi-family residential markets in the Front Range, respectively. We are very excited to partner with this talented team and look forward to helping the company as it enters its next phase of growth,” said Peter Roushdy, Managing Director of Gladstone Investment.

Gladstone Investment is a publicly traded business development company that seeks to make equity and secured debt investments in lower middle market businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Additional information on the transaction can be found at www.gladstoneinvestment.com.

For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstonecompanies.com.

Forward-looking Statements:

The statements in this press release regarding the longer-term prospects of Gladstone Investment, Dema Plumbing, Mai and their management teams, and the ability of Gladstone Investment, Dema Plumbing, and Mai to grow and expand are “forward-looking statements.” These forward-looking statements inherently involve certain risks and uncertainties in predicting future results and conditions. Although these statements are based on Gladstone Investment’s current plans that are believed to be reasonable as of the date of this press release, a number of factors could cause actual results and conditions to differ materially from these forward-looking statements, including those factors described from time to time in Gladstone Investment’s filings with the Securities and Exchange Commission. Gladstone Investment undertakes no obligation to update or revise these forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

For further information: Gladstone Investment Corporation, 703-287-5893

SOURCE: Gladstone Investment Corporation

View source version on accesswire.com:
https://www.accesswire.com/707322/Gladstone-Investment-Corporation-Acquires-Dema-Plumbing

Released July 6, 2022

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Blackstone Announces $400 Million Investment in Xpansiv, the Leading Global Carbon and Environmental Commodities Exchange Platform

Blackstone

NEW YORK, NY & SAN FRANCISCO, CA – July 6, 2022 – Blackstone announced today that funds managed by Blackstone Energy Partners (“Blackstone”) have committed $400 million to lead a strategic investment in Xpansiv Limited (“Xpansiv”), the premier market-infrastructure platform for global carbon and environmental commodities.

Xpansiv connects buyers and sellers of environmental commodities and provides market data for voluntary carbon offsets, renewable energy credits (RECs), and low-carbon fuels, each of which are critical elements of global decarbonization. Xpansiv’s growing ecosystem supports companies seeking to meet environmental and emissions reduction goals.

Bilal Khan, Senior Managing Director at Blackstone, said: “We believe environmental commodities are a critical new asset class that must scale exponentially to meet climate change mitigation targets pledged by governments, companies, and entire industries. Xpansiv is a leader in this space, and we are delighted to provide the capital and resources to help them further expand their offerings and accelerate their growth.”

David Foley, Global Head of Blackstone Energy Partners, said: “As a leading private equity investor in the dynamic energy transition market, we proactively seek out companies with entrepreneurial management teams that are well positioned to benefit from fundamental long-term trends. As more corporations make net-zero commitments, there is an increasing need to efficiently connect them with—and indirectly provide funding for—the most efficient, high-quality developers of CO2 reduction projects. Xpansiv has a first-mover advantage, and Blackstone’s investment will enable them to capitalize upon that lead, creating a uniquely positioned company with ownership of critical software, technology, and a scalable exchange for trading voluntary carbon offsets and related environmental products. We believe this market will experience exponential growth over the next decade.”

“Blackstone’s support of the Xpansiv vision for commodity markets that value ESG is a major milestone and the beginning of a new chapter for the company,” said Xpansiv CEO Joe Madden. “This partnership will help us solidify our leading position in carbon and leverage our platform to scale markets and products to accelerate the energy transition across renewable energy, digital fuels, and beyond. We’re absolutely thrilled with the partnership.”

“We’re excited about this long-term commitment from Blackstone—proof of their ongoing investment in climate solutions,” said Xpansiv Chief Strategy Officer Nathan Rockliff. “This partnership will support our strategic path to accelerate our growth in global commodity markets following the acquisitions of SRECTrade, HVB, and OTX in 2021, and our investment in APX, the leading provider of registry infrastructure for energy and environmental markets.”

Blackstone’s capital will enable Xpansiv to continue driving growth across both organic initiatives and future acquisitions. The transaction continues Blackstone’s recent thematic investments in the energy-transition and climate-solutions spaces, which include Legence and Sphera.

Perella Weinberg Partners LP served as financial advisor, and Morrison & Foerster LLP and Clifford Chance LLP served as legal counsel to Xpansiv. Kirkland & Ellis and Clayton Utz served as legal counsel to Blackstone.

About Blackstone Energy Partners
Blackstone Energy Partners, Blackstone’s energy-focused private equity business, is a leading energy investor with a successful long-term record, having invested over $20 billion of equity globally across a broad range of sectors within the energy industry. Our investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering reliable and affordable energy to meet the needs of the global community. In the process, we build stronger, larger scale enterprises, create jobs, and generate lasting value for our investors, employees, and all stakeholders.

About Xpansiv
Xpansiv is the global marketplace for ESG-inclusive commodities. Our infrastructure empowers participants to value energy, carbon, and water to meet the challenges of a resource-constrained world. The company’s main business units include CBL, the largest spot exchange for ESG commodities, including carbon, renewable energy certificates, and Digital Natural Gas™; H2OX, the leading spot exchange for water in Australia; XSignals, which provides end-of-day and historical market data; and EMA, the leading multi-registry portfolio management system for all ESG-inclusive commodities. Xpansiv is the digital nexus where ESG and price signals merge. Xpansiv.com

CONTACTS

Blackstone
Kate Holderness
kate.holderness@blackstone.com
646-482-8774

Xpansiv
Rob Dalton
rdalton@xpansiv.com
206-853-8823

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DIF Capital Partners closes acquisition and refinancing of Grupo Itevelesa

DIF

DIF Capital Partners (“DIF”) is pleased to announce that DIF Infrastructure VI has closed the acquisition of Grupo Itevelesa (“Itevelesa” or the “Company”), a market leading provider of vehicle inspection services in Spain with a network of 72 stations nationwide serving ca. 2.3 million customers annually. Simultaneously, DIF has secured a long-term debt financing for the refinancing of the Company and to partially finance the acquisition. The debt financing was fully underwritten by Santander Corporate & Investment Banking which was also involved in hedging the interest rate exposure between signing and completion of the transaction.

Founded in 1982 and headquartered in Madrid, Itevelesa is one of Spain’s largest independent providers of periodical technical inspection services for vehicles, which are conducted under contracts with regional governments of which the majority is concession-based. The Company operates 72 fixed locations and 20 mobile units across 11 autonomous communities; it also provides industrial safety, metrology and environmental inspection services, playing a relevant role in ensuring ESG standards. With the long-term support of DIF, Itevelesa will aim to continue its strong growth path and further consolidation of its relevant market position.

Jesús García Gil, CEO of Itevelesa, said: “It is a pleasure to welcome DIF on board as our new shareholder. We have worked extremely closely with DIF along the last months and I truly believe that it is the ideal partner to support the Company’s growth and diversification business strategy; this transaction ensures that we can continue delivering the highest possible safety and quality service to our customers under the highest ESG standards.”

Gijs Voskuyl, Partner at DIF, said: “We are delighted to have completed the acquisition of Itevelesa. The Company provides a crucial service across Spain under a regulated environment which aligns well with our core strategy. We are looking forward to working closely with the Itevelesa team to deliver a high-quality service to its customers and continue growing in the market.”

DIF has been advised by Cantor Fitzgerald (Financial), Herbert Smith Freehills (Legal), Roland Berger (Commercial), PwC (accounting and tax) and WTW (insurance). Hayfin has been advised by Alantra (Financial) and Linklaters (Legal).

About DIF Capital Partners

DIF Capital Partners is a leading global independent investment manager, with ca. EUR 11 billion in assets under management across ten closed-end infrastructure funds and several co-investment vehicles. DIF invests in infrastructure companies and assets located primarily in Europe, the Americas, and Australia through two complementary strategies:

  • Traditional DIF funds, of which DIF Infrastructure VI is the latest vintage, target core infrastructure equity investments with long-term contracted or regulated income streams including public-private partnerships, concessions, utilities, and energy transition projects (incl. renewable energy).
  • DIF CIF funds, of which DIF CIF III is the latest vintage, target equity investments in small to mid-sized core-plus infrastructure companies in the telecom, energy transition, and transportation sectors.

DIF Capital Partners has a team of over 190 professionals, based in eleven offices located in Amsterdam (Schiphol), Frankfurt, Helsinki, London, Luxembourg, Madrid, New York, Paris, Santiago, Sydney, and Toronto. For more information please visit www.dif.eu.

Contact: Thijs Verburg, t.verburg@dif.eu.

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team.blue strengthens leadership team and prepares for further expansion

HG Capital

team.blue, a leading digital enabler for companies and entrepreneurs across Europe, today announces that it has received further investment and continued support from Hg, a leading software and services investor.

The investment will help to supercharge the business and enable team.blue to implement ambitious plans for further expansion in its product offering of online solutions, as well as increase its local presence across more countries in Europe.

team.blue is bringing additional capacity and capability into its executive management team by appointing a new CEO, President and Executive Chair.

In 2019, team.blue was created with the merger of three European hosting groups: Combell Group, TransIP Group, and Register Group. Since it was formed in 2019, the group has scaled significantly, acquired complementary businesses and has expanded its operations to four more countries and across multiple new online solutions such as privacy and compliance tools, e-commerce, agency solutions and web site development.

team.blue is also bringing additional capacity and capability into its executive management team. Claudio Corbetta, previously CEO of one of the founding members of team.blue and currently deputy CEO of the Group will become CEO of the business.  Jonas Dhaenens will move to a role of President and Dawn Marriott will be appointed as Executive Chair.

Working together, the Executive Team will leverage on decades of industry and sector experience focusing on further enhancing team.blue’s world class operations, executing an ambitious M&A strategy across Europe and developing value creation projects across the Group.

Claudio Corbetta brings more than 25 years of experience to team.blue in leadership roles that have transformed brands meeting the online needs of the small business community.

“At team.blue, we have amazing people across multiple countries, and they are the real reason why millions of businesses choose us. We speak our customers’ languages and understand their cultures and local needs. We use this local connection to customise products and services so we are there for our customers at all times. This strengthening of the team and continued long-term backing of Hg will enable us to continue to achieve this through organic expansion and acquisitions into different regions, whilst also expanding our online solutions.”

Claudio Corbetta, CEO at team.blue

As a founder of team.blue, Jonas Dhaenens has delivered a successful growth strategy, fuelling impressive growth and forging new paths into emerging segments set to play a critical role in the group’s evolution.

“Over the past 20 years, team.blue has become a digital champion offering online solutions to millions of European SMEs. Today marks the beginning of a new phase in the evolution of team.blue and I am personally excited to focus on spending more time with ambitious entrepreneurs across Europe looking to join the team.blue ecosystem.”

Jonas Dhaenens, President at team.blue

Dawn Marriott is a serial CEO and Chair, having worked at several global technology and service businesses, focused on best-in-class, senior operations. Dawn will focus on implementing an ambitious value creation plan across team.blue.

“team.blue is full of dedicated, knowledgeable, innovative and collaborative people, which is exactly what we need in order to deliver world class products to our customers. Combining this with high quality support is key to fulfil our purpose, to help our customers achieve their business potential by connecting them with the world. I am incredibly proud and excited to be part of this brilliant team.” 

Dawn Marriott, Executive Chair at team.blue

Hg has a history of backing entrepreneurs and businesses that provide digital and online services to SMEs, creating industry champions by scaling platforms internationally, through transformational M&A and organic growth, backed by Hg’s sector experience and operational support.

“team.blue have built an exceptional business addressing the need for SMEs to digitise and provide more services online. We look forward to the next phase for the business, as team.blue expands into new, adjacent products to offer its customers, whilst embarking on an ambitious value creation plan to accelerate several commercial initiatives around product and technology.” 

Nick Jordan and Joris Van Gool, Partners at Hg

The terms of the transaction have not been disclosed and completion is subject to closing conditions.

For further details:

Hg
Tom Eckersley
+44 (0)208 148 5401

Brunswick
Azadeh Varzi
+44 (0)207 404 5959
Hg@brunswickgroup.com

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Eurazeo completes the sale of its stake in Orolia Group, achieving a cash-on-cash Multiple of 4.4X

Eurazeo

Eurazeo today announces the closing of the sale of its majority stake in the Orolia group, a world leader in R-PNT (Resilient Positioning, Navigation and Timing) solutions and applications.

This sale generated cash proceeds of €189 million for Eurazeo, representing a cash-on-cash multiple of 3.7x and an internal rate of return (IRR) of around 25%.

Orolia is a perfect illustration of the Small-mid buyout team’s investment strategy: supporting the development of companies that are leaders in their markets and driven by the vision and commitment of their management teams.

Alongside Jean-Yves Courtois, founder of Orolia, and its team, Eurazeo contributed to transform Orolia into an integrated pure player in France and internationally by bringing the additional human and financial resources required for its structuration and for its development, especially in the US, where Orolia generates now more than half of its revenue.

Through an active M&A strategy – five acquisitions have been achieved since 2016, i.e. Netwave (Netherlands) and a minority investment in Satelles (US) in 2017, Talen-X (US, 2019), Skydel (Canada, 2019) and Seven Solutions (Spain, 2021) as well as targeted assets disposals – Orolia has transformed to focus on its most promising markets, evolving from a diversified holding company into a fully integrated pure player. As a result, Orolia has doubled its organic growth rate and profit margins. It has also continuously invested in research and development, allocating more than 10% of its revenue each year, giving the company a unique technological edge in its markets.

Erwann Le Ligné, Managing Director, Small-mid buyout, said:

“We wish to thank Jean-Yves Courtois, his management team and all of Orolia’s employees for the wonderful partnership we have enjoyed over these last six years. Spurred by Eurazeo and thanks to the active involvement of Jean-Yves and his teams, Orolia has expanded its footprint and become more structured, in particular through strategic acquisitions. We are very proud to have lent our support to the company for its development in Europe and North America.”

About Eurazeo

  • Eurazeo is a leading global investment company, with a diversified portfolio of €32 billion in assets under management, including nearly €23.2 billion from third parties, invested in 530 companies. With its considerable private equity, venture capital, private debt as well as real estate and infrastructure asset expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its nearly 360 professionals and by offering deep sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term.
  • Eurazeo has offices in Paris, New York, London, Frankfurt, Berlin, Milan, Madrid, Luxembourg, Shanghai, Seoul, Singapore and Sao Paulo.
  • Eurazeo is listed on Euronext Paris.
  • ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

EURAZEO CONTACT

Virginie CHRISTNACHT

DIRECTRICE DE LA COMMUNICATION

+33 (0) 1 44 15 76 44

Pierre BERNARDIN

DIR. RELATIONS INVESTISSEURS

+33 (0) 1 44 15 16 76

PRESS CONTACT

David Sturken

MAITLAND/AMO

+44 (0) 7990 595 913

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Arsenal Capital Partners Adds Marc Tremblay as an Operating Partner Forcued on Industrial Technologies

Arsenal Capital Partners

July 6, 2022

New York, NY— Arsenal Capital Partners (“Arsenal”), a leading New York based private equity firm that invests in middle market industrial growth and healthcare companies, announced today that it has expanded its team with the addition of Marc Tremblay. Mr. Tremblay will work as an Operating Partner within the firm’s industrial growth team and focus on the team’s investment themes relating to industrial technology markets particularly in test, measurement, sensing, monitoring and related businesses. Mr. Tremblay will also be joining the board of Arsenal’s latest industrial growth investment, Headwall Photonics.

Mr. Tremblay was most recently President of Fluke Corporation, a global leader in electronic test & measurement tools, sensors, and software. Prior to joining Fluke Corporation in 2019, Mr. Tremblay held numerous senior executive positions at leading testing, measurement, sensing, and imaging companies such as Thermo Fisher Scientific, DigitalGlobe Inc., and Z Corporation. Mr. Tremblay graduated with a B.S. from the University of Ottawa and a Ph.D. from Stanford University, both in Mechanical Engineering. He also received an M.B.A. from the Harvard Business School.

Joe Rooney, an Investment Partner of Arsenal commented, “We are delighted to welcome Marc to our team. Marc’s extensive career has been characterized by over 25 years of innovative executive leadership and deep technical expertise across markets that benefit from the growing value of data and rapidly improving sensing technologies available.”

George Abd, an Operating Partner of Arsenal stated, “We are very excited to have Marc add his unique set of skills to our team to help guide the growth and impact of our portfolio companies as well as the development of new investment themes as Arsenal builds its industrial technology franchise.”

Mr. Tremblay stated, “This is a uniquely exciting and important time to be working with Arsenal as it continues to enable the next generation of industrial innovation. I look forward to working with the industrial growth team to build strategically important companies in areas that are well aligned with my interests.”

Press contact:
Jacqueline Schofield at Prosek Partners: pro-arsenal@prosek.com

Categories: People

Maxicom IT Distribution and Aliter Networks are joining forces and will continue as “Circular IT Group”

Waterland

Maxicom IT Distribution and Aliter Networks are joining forces and will continue as “Circular IT Group” (www.circularITgroup.com). The group offers customers a sustainable solution for their IT needs, through a refurbished hardware proposition combined with additional services. Supported by investor Waterland, the group has the ambition to grow to over €300 million in revenue in the circular IT domain in the coming years, where growth will be accelerated by an acquisition strategy.

Contributing to a sustainable IT value chain
The group offers customers a circular and sustainable solution to their IT needs, through a refurbished hardware proposition combined with additional services. The vast majority of CO2 emissions from IT equipment are related to the raw material extraction and production phase. By using IT equipment for a longer period of time, the annual CO2 emissions related to the production phase of new equipment decreases and the use of Critical Raw Materials decreases. Circular IT Group offers a wide range of refurbished IT equipment as a sustainable solution for IT needs and thus contributes to making the IT value chain more sustainable.

Complete product range for broad customer portfolio
The group offers a wide range of circular IT solutions: IT Asset Disposition (ITAD), de-installation of old equipment, secure data removal, testing and repairs, distribution and logistics, and remarketing, rental and sale of refurbished equipment. These solutions are offered for the complete IT hardware segment, ranging from network equipment, servers and storage devices, to desktops, laptops and cell phones. With this offering, the group serves more than 10,000 customers worldwide, from business end-users, to service providers and consumers. The group has its headquarters in Zoetermeer, with additional locations in Almere and Singapore. The group employs a total of 110 FTE.

Jean-Pierre Verhoeven, interim-CEO Circular IT Group: “We have been active in this market for more than 20 years, but have seen a clear acceleration in growth in recent years due to companies’ increasing focus on the sustainability aspect of their IT strategy. Together with Aliter Networks and Waterland, we want to offer customers a complete range of products and services related to sustainable IT solutions.”

Zimin Chen, Sales Director Aliter Networks: “In recent years, we have worked hard to properly serve our international customers in the field of sustainable network solutions. In cooperation with Maxicom and Waterland, we are now extending our expertise across the product spectrum in order to further broaden and strengthen our services.”

Tomas Simons, Partner Waterland: “Reduction of greenhouse gas emissions and circularity of materials are major challenges for the world, for which circular IT offers important solutions. We therefore expect substantial growth from this young sector as sustainability becomes more prominent in corporate and government IT investments. With Waterland’s growth expertise, we can make a meaningful contribution to a better world and a stronger company through this investment.”

About Maxicom IT Distribution
Maxicom IT Distribution is a circular IT hardware supplier, based in Zoetermeer, and specialized in refurbishment, recycling, IT Asset Disposition, data wiping, de-commissioning of old infrastructure and sales of IT hardware. Maxicom was founded in 1998 and serves the European market with three different brands. Maxicom IT Distribution (www.maxicom-it.eu) is the brand that focuses on the European dealer channel. With Cirres (www.cirres.com) they serve business customers in the Benelux. Mr At (www.mr-at.nl) is the consumer brand, providing consumers with high quality refurbished IT hardware for 24 years. All brands focus on 4 customer promises: competitive prices, high quality, directly availability from stock and environmentally friendly.

About Aliter Networks
Aliter Networks (www.aliternetworks.com) is B-corp certified company and our purpose to make a difference with IT: for people, planet and profit. Our core focus is delivering premium refurbished quality for data center IT infrastructure of Cisco, Juniper, HP and Dell.
Since 2009 Aliter has been serving telecom companies, enterprises and resellers in Europe and Asia-Pacific. From the offices in Almere, the Netherlands and Singapore, with a diverse team of 42 FTE and 21 nationalities we work towards the goal of driving sustainability within the IT department of our clients.

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AURELIUS portfolio company NDS Group AS announces two add-on acquisitions and a major customer win

Aurelius Capital
  • Marine part supplier Hovdan Poly AS acquired to strengthen marine division
  • Carwash supplier Nordic Wash AS acquired to complete equipment portfolio
  • Supplier agreement won with Carfix, one of Norway’s biggest workshop chains
  • NDS Group now with four add-on acquisitions under AURELIUS´ tenure

Oslo/Munich, July 5, 2022 – AURELIUS Equity Opportunities SE & Co. KGaA (“AURELIUS”; ISIN DE000A0JK2A8) portfolio company NDS Group AS (NDS) continues steep growth path. NDS has closed the acquisitions of Hovdan Poly AS and Nordic Wash AS, marking the third and fourth add-on acquisitions, while being part of AURELIUS´ portfolio. Furthermore, NDS signed a main supplier agreement with Carfix AS. 

“With two add-on acquisitions at a time and the win of a major supplier contract, NDS is continuing its growth path and solidifying its position as a consolidator in the Norwegian spare part market. Customers will benefit from a wider product portfolio, better logistics and more modern systems”, states Janno Gröne, Chairman of the Board of NDS Group AS.

Hovdan Poly AS, founded in 1910, is a distributor of high-quality marine parts including winches, ropes, and life vests. The company has a well-recognized brand and has recently invested significantly in modernizing its B2B and B2C web shop. The product portfolio is complementary to NDS´ current offering. NDS expects to leverage major synergies from this acquisition.

Nordic Wash AS is a strategic valuable addition to NDS´ workshop equipment portfolio. The acquisition is a logical consequence of acquiring Nordic Lift AS in November last year. Nordic Wash offers carwash equipment adapted specifically to the Norwegian market and customers will benefit from the one-stop-shop solution that NDS offers in the equipment sector.

Carfix AS, one of Norwegian fastest growing workshop chains, has signed a long-term agreement with NDS. “NDS has shown that they are both ambitious and solution oriented. We are convinced that NDS is the right partner for us, as modern IT systems guarantee an efficient workshop operation,” comments Torgeir Lyssand, Carfix AS Owner and CEO.

NDS is continuously reviewing further opportunities to leverage synergies and develop the organisation with strategic acquisitions.

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