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CapMan Real Estate strengthens team in Denmark by hiring prominent real estate professional Carsten Kirk

CapMan Real Estate press release

June 01 2022 at 09:00 EEST

CapMan Real Estate strengthens team in Denmark by hiring prominent real estate professional Carsten Kirk

CapMan Real Estate hires Carsten Kirk as Development Director to strengthen its capabilities in Denmark. Mr. Kirk comes with extensive experience and a broad network within the Danish real estate industry. In this new role, he will further execute CapMan Real Estate’s strategy in Denmark and prepare the business for future growth.

CapMan Real Estate has appointed Carsten Kirk to Development Director at CapMan Real Estate Denmark. In this key role, he will be responsible for CapMan Real Estate’s development projects in Denmark. Mr. Kirk will be based in Copenhagen and start in his position on 1 June 2022.

This appointment is a central building block in the execution of CapMan Real Estate ‘s strategic ambitions in Denmark. The team has demonstrated a consistent track record of productive dealmaking and executed on several successful value-add projects. Most recently, the team leased out a unique office space in Copenhagen which is undergoing a complete transformation from a 140-year-old warehouse building, originally used as a storage and brewery for Carlsberg, into high-end office premises. CapMan Real Estate is looking to further expand its scope of activities in Denmark and to further diversify its current platform, keeping ahead of the curve to be able to fulfil future investment needs.

“We are very happy to get Carsten onboard with us. His skill set and character are a perfect fit for CapMan, and we expect our co-operation to be productive on many levels. By appointing Carsten into this new role, we want to further strengthen our existing asset management platform while preparing for future growth. Carsten plays a key role in this development, and as we move forward, executing on our strategy, we expect there will be more hires to follow in the near future,” says Peter Gill, Partner, and Head of CapMan Real Estate Denmark.

“I am very pleased with joining the team at CapMan and bringing my more than 35 years of experience in investing, dealmaking, and developing real estate to good use. I look forward to acquainting myself with the team and tasks and get to work, focusing on value optimization and generating a sustainable and attractive return for CapMan’s investors”, shares Carsten Kirk, Development Director at CapMan Real Estate.

Mr. Kirk has over 35 years of experience working within the Danish real estate industry, where he also has a significant and relevant network. Most recently he worked as Project Director at MT Højgaard Projektudvikling, where he stayed for over seven years. Mr. Kirk is an accomplished real estate professional, having accumulated experience from virtually every segment within the industry, often working on the most demanding cases.

For more information, please contact:

Peter Gill, Partner, Head of CapMan Real Estate Denmark, tel: +45 20 43 55 63

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation. As one of the private equity pioneers in the Nordics we have built value in unlisted businesses, real estate, and infrastructure for over three decades. With over €4.7 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We are dedicated to set science-based targets to reduce our greenhouse gas emissions in line with the Paris Agreement. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover minority and majority investments in portfolio companies and real estate, and infrastructure assets. We also provide wealth management solutions. Our service business includes procurement and analysis, reporting and back office services. Altogether, CapMan employs approximately 180 professionals in Helsinki, Stockholm, Copenhagen, Oslo, London and Luxembourg. We have been listed on the Nasdaq Helsinki since 2001. Read more at www.capman.com.

Photo: Carsten Kirk by Richard-Clark

Categories: People

The Specialist Group to be sold to Oaktree and TSG Management

Parcom

The Specialist Group (“TSG”), Parcom and funds managed by Oaktree Capital Management, L.P. (“Oaktree”) today announced that TSG founder Francois Claeijs and Parcom have reached an agreement to sell their stake in TSG to Oaktree and TSG management.

Headquartered in Moerdijk, Netherlands, TSG is a leading staffing provider of technical engineering specialists for attractive, structurally growing end markets such as power, chemicals, infrastructure, renewables and life sciences. TSG also serves as a key partner to its clients and asset owners, supporting them on their energy transition agenda, a segment underpinned by persistent tailwinds. Parcom acquired STAR Group, TSG’s flagship label, in 2011, and has supported the company’s expansion strategy through the acquisitions of Sentijn in 2018 and Or-Quest in 2020.

The proposed transaction will support TSG as it accelerates its next phase of growth. As an Oaktree portfolio company, TSG will benefit from Oaktree’s expertise in energy transition and from the exposure to the wider portfolio of Brookfield, one of the world’s largest infrastructure and renewable asset owners and developers.

Sil Hoeve, Chief Executive Officer at The Specialist Group: “In Oaktree we found a partner that can help us accelerate our strategy, adding scale, diversification and complementary offerings to the existing platform of TSG. We are grateful for the support and opportunities that Parcom has provided to TSG over the past years and we look forward to working with Francesco and the Oaktree team in the years to come. ”

Anouar Noudari, Board Member at The Specialist Group: “Throughout our ownership period, TSG has been on a steady growth trajectory. Sil and the TSG team have done an outstanding job leading the transition from a world class niche staffing business in the Oil & Gas industry to a highly scalable, multi brand specialist staffing platform for engineers driving the energy transition.”

Francesco Giuliani, Managing Director in Oaktree’s Power Opportunities Group: “Building on TSG’s established platform and track-record of successful acquisitions, we see a clear path to take TSG to the next phase of growth both organically and through additional acquisitions with a focus on energy transition. Working closely with Sil and the broader team, our goal is to create a European leader in white collar technical engineering recruitment services with a focus on enabling the energy transition for key companies across various target industries.”

The transaction is subject to customary closing conditions and is expected to close in Q3 2022.

About The Specialist Group
Group is a platform that deploys technical specialists on a secondment and project basis. TSG serves >350 clients across technical end-markets such as power, chemicals, infrastructure, renewables and life sciences with a focus on enabling the energy transition. The Company operates via five labels (STAR Group, Sentijn, Or-Quest, Fellow and ECC Solutions) and provides regional coverage across the Netherlands, Belgium and Germany, focussing on both young professionals and experienced candidates. More information: https://www.thespecialistgroup.com/.

About Oaktree
among global investment managers specializing in alternative investments, with $164 billion in assets under management as of 31 March 2022. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 1,000 employees and offices in 20 cities worldwide. More information: http://www.oaktreecapital.com/.

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Industry Leader Caroline O’Connell Joins Motive Partners

Motive Partners

Financial industry strategic and innovation leader brings broad expertise across financial services, wealth management and insurance industries to further enhance portfolio company growth as Industry Partner
New York and London, June 1, 2022 – Motive Partners (“Motive”), a specialist private equity firm focused on financial technology, today announced the appointment of Caroline O’Connell as an Industry Partner.
Motive Partners believes the adoption of new digital channels, innovative processes, and technologies will yield value-creating opportunities for forward-thinking investment firms that attract and develop world-class talent. As an Industry Partner, Caroline will advise the Motive Funds’ portfolio companies, bringing her unique expertise across the financial technology space as a seasoned operator. In this role, Caroline will focus on several areas including the design and execution of marketing, communications, human resources, and procurement strategies.

Before joining Motive Partners, Caroline was a member of the Operating Committee and the first Chief Strategy and Customer Experience Officer of Equitable, a financial services and insurance firm. Prior to Equitable, Caroline was a member of the Operating Committee of BNY Mellon and the Executive Committee of BNY Mellon Investment Services, where she was the first Chief Marketing Officer.
In addition, Caroline was the first Chief Strategy Officer and Chief Marketing Officer at BNY Mellon Pershing, building Pershing’s marketing function from the ground up and leading strategy, communications, and product management.
Rob Heyvaert, Founder & Managing Partner at Motive Partners, commented: “As we continue to prove that technology has the ability to unlock huge value for financial technology portfolio companies, building out our team of world-class talent is an area of critical focus at Motive Partners, and one that I remain more passionate than ever about. With Caroline’s appointment, we continue to extend our edge, and look forward to working closely with Caroline as we design and execute our value creation plans with our portfolio companies.”

About Motive Partners
Motive Partners is a specialist private equity firm with offices in New York City and London, focusing on growth equity and buyout investments in software and information services companies based in North America and Europe and serving five primary subsectors: Banking & Payments, Capital Markets, Data & Analytics, Investment Management and Insurance. Motive Partners brings differentiated expertise, connectivity and capabilities to create long-term value in financial technology companies.
More information on Motive Partners can be found at www.motivepartners.com
For more information please contact:
Sam Tidswell-Norrish
Managing Director, Investor Relations
+447855910178 | sam@motivepartners.com

Biography
Caroline O’Connell is an innovator and accomplished marketing, strategy, and client experience executive who has added value to special purpose acquisition companies (SPACs), venture capital and private equity firms, and Fortune 200 and 500 global companies across the financial services, wealth management, and insurance industries. Caroline is recognized for her strategic impact by leading and delivering innovative B2B, D2C, and B2B2C marketing strategies, human-centered design approaches, and transformational initiatives.
Caroline is an Independent Director and member of the Compensation Committee of Kingwood Acquisition Corp., a New York Stock Exchange-listed special purpose acquisition company (SPAC) focused on the wealth management industry. She is a Senior Advisor and member of the Omega Network for Omega Venture Partners. She is also an Advisor to Provable Markets and Trove Collective.
Caroline was a member of the Operating Committee and the first Chief Strategy and Customer Experience Officer of Equitable.
Caroline O’Connell, Industry Partner at Motive Partners commented: “I am thrilled to join the talented team of investors, operators and innovators at Motive Partners. This is a terrific opportunity to bring my experience, knowledge, skills, and industry relationships together to help build a transformational set of solutions for the Motive wealth management ecosystem. Working with Rob and the team, I look forward to helping the portfolio of companies further realize their significant potential. It is my firm belief that investment firms that combine capital with transformational capability will be well placed to create significant long-term value for all stakeholders.”
Prior to Equitable, Caroline was a member of the Operating Committee of BNY Mellon and the Executive Committee of BNY Mellon Investment Services, where she was the first Chief Marketing Officer.
Caroline was the first Chief Strategy Officer and Chief Marketing Officer at BNY Mellon Pershing. She built Pershing’s marketing function from the ground up and led strategy, communications, the chief of staff function for the Chief Executive Officer, innovation, and product management.

Caroline was a member of BNY Mellon’s Global Diversity and Inclusion Operating Committee, the first co-chair of Pershing’s Diversity Advisory Board, and was a member of the BNY Mellon Women’s Initiative Network Executive Committee at its inception.
The Financial Communications Society (FCS) awarded Caroline the Jamie E. DePeau Leadership Award, its highest honor, in recognition of her work that inspires others to think big and perform at their highest potential. She was an invited participant at the Aspen Institute Roundtable for Institutional Innovation. She was nominated to attend Harvard Business School’s Women’s Leadership Forum and the Next Women 50 Executive Leadership Forum. She was also a guest lecturer in the Executive MBA program at Temple University’s Fox School of Business.

Caroline is active in industry organizations and board service. She is a member of Extraordinary Women on Boards and is a founding member of the Outthinker Chief Strategy Officer Network and Chair of its Advisory Board. She was a member of the Board of Trustees of the Securities Industry Institute® (SII) at the Wharton School of the University of Pennsylvania and a member of the Board of Directors of the Insured Retirement Institute. She was also a member of the FCS Marketing Leadership Roundtable.
Caroline earned a Bachelor of Arts and Master of Business Administration from Old Dominion University in Norfolk, VA.

Important Information
Forward-looking statements herein are based on the beliefs and assumptions using information currently available. Forward-looking statements speak only as of the date they are made. They also involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. Motive’s Industry Partners are third-party consultants engaged for their recognized expertise to advise Motive personnel and are not employees of Motive Partners.

Categories: People

CVC Credit provides PEI Media with facilities to support its continued strategic development

CVC Capital Partners

CVC Credit provides PEI Media with facilities to support its continued strategic development

14 Jun 2022

CVC Credit is pleased to announce that it has provided further debt facilities to PEI Media (“PEI”), the global provider of insight, market data and business conferences for alternative assets professionals. The new facilities include both senior and acquisition financing and will support the company’s ongoing strategic development.

CVC Credit has supported PEI since 2018, when it financed Bridgepoint Development Capital’s acquisition.

Founded in 2001 and headquartered in London, PEI provides alternative asset management professionals globally with news, analysis, data, marketing solutions, as well as must-attend events and conferences. In 2018, the business partnered with Bridgepoint Development Capital to further its growth ambitions and over the last four years has, significantly grown revenues and profits.

CVC, having supported Bridgepoint with the acquisition of PEI, was identified as the preferred lender and was able to quickly offer a solution tailored to the company’s size and strategic position. The facilities provided have been designed to facilitate the company’s next phase of growth and have factored in sustainability considerations through the inclusion of an ESG margin ratchet.

Simone Zacchi, Managing Director at CVC Credit, commented: “Since partnering with Bridgepoint, PEI Media has proven itself an innovative and resilient company, with the capability and drive to meet the needs of its fast-growing market. We look forward to continuing to support their ongoing development.”

John Empson, Partner & Co-Head of Private Credit at CVC Credit, added: “Our approach, is to build trusted partnerships and to provide bespoke solutions. This allows us to develop deep long term relationships with experienced sponsors and management teams as they define and execute their strategies to deliver great performance and growth in the companies they manage and advise.”

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Industry Leader Caroline O’Connell Joins Motive Partners

Financial industry strategic and innovation leader brings broad expertise across financial services, wealth management and insurance industries to further enhance portfolio company growth as Industry Partner
New York and London, June 1, 2022 – Motive Partners (“Motive”), a specialist private equity firm focused on financial technology, today announced the appointment of Caroline O’Connell as an Industry Partner.
Motive Partners believes the adoption of new digital channels, innovative processes, and technologies will yield value-creating opportunities for forward-thinking investment firms that attract and develop world-class talent. As an Industry Partner, Caroline will advise the Motive Funds’ portfolio companies, bringing her unique expertise across the financial technology space as a seasoned operator. In this role, Caroline will focus on several areas including the design and execution of marketing, communications, human resources, and procurement strategies.
Before joining Motive Partners, Caroline was a member of the Operating Committee and the first Chief Strategy and Customer Experience Officer of Equitable, a financial services and insurance firm. Prior to Equitable, Caroline was a member of the Operating Committee of BNY Mellon and the Executive Committee of BNY Mellon Investment Services, where she was the first Chief Marketing Officer.
In addition, Caroline was the first Chief Strategy Officer and Chief Marketing Officer at BNY Mellon Pershing, building Pershing’s marketing function from the ground up and leading strategy, communications, and product management.
Rob Heyvaert, Founder & Managing Partner at Motive Partners, commented: “As we continue to prove that technology has the ability to unlock huge value for financial technology portfolio companies, building out our team of world-class talent is an area of critical focus at Motive Partners, and one that I remain more passionate than ever about. With Caroline’s appointment, we continue to extend our edge, and look forward to working closely with Caroline as we design and execute our value creation plans with our portfolio companies.”
About Motive Partners
Motive Partners is a specialist private equity firm with offices in New York City and London, focusing on growth equity and buyout investments in software and information services companies based in North America and Europe and serving five primary subsectors: Banking & Payments, Capital Markets, Data & Analytics, Investment Management and Insurance. Motive Partners brings differentiated expertise, connectivity and capabilities to create long-term value in financial technology companies.
More information on Motive Partners can be found at www.motivepartners.com
For more information please contact:
Sam Tidswell-Norrish
Managing Director, Investor Relations
+447855910178 | sam@motivepartners.com

Biography
Caroline O’Connell is an innovator and accomplished marketing, strategy, and client experience executive who has added value to special purpose acquisition companies (SPACs), venture capital and private equity firms, and Fortune 200 and 500 global companies across the financial services, wealth management, and insurance industries. Caroline is recognized for her strategic impact by leading and delivering innovative B2B, D2C, and B2B2C marketing strategies, human-centered design approaches, and transformational initiatives.
Caroline is an Independent Director and member of the Compensation Committee of Kingwood Acquisition Corp., a New York Stock Exchange-listed special purpose acquisition company (SPAC) focused on the wealth management industry. She is a Senior Advisor and member of the Omega Network for Omega Venture Partners. She is also an Advisor to Provable Markets and Trove Collective.
Caroline was a member of the Operating Committee and the first Chief Strategy and Customer Experience Officer of Equitable.
Caroline O’Connell, Industry Partner at Motive Partners commented: “I am thrilled to join the talented team of investors, operators and innovators at Motive Partners. This is a terrific opportunity to bring my experience, knowledge, skills, and industry relationships together to help build a transformational set of solutions for the Motive wealth management ecosystem. Working with Rob and the team, I look forward to helping the portfolio of companies further realize their significant potential. It is my firm belief that investment firms that combine capital with transformational capability will be well placed to create significant long-term value for all stakeholders.”

Prior to Equitable, Caroline was a member of the Operating Committee of BNY Mellon and the Executive Committee of BNY Mellon Investment Services, where she was the first Chief Marketing Officer.
Caroline was the first Chief Strategy Officer and Chief Marketing Officer at BNY Mellon Pershing. She built Pershing’s marketing function from the ground up and led strategy, communications, the chief of staff function for the Chief Executive Officer, innovation, and product management.
Caroline was a member of BNY Mellon’s Global Diversity and Inclusion Operating Committee, the first co-chair of Pershing’s Diversity Advisory Board, and was a member of the BNY Mellon Women’s Initiative Network Executive Committee at its inception.
The Financial Communications Society (FCS) awarded Caroline the Jamie E. DePeau Leadership Award, its highest honor, in recognition of her work that inspires others to think big and perform at their highest potential. She was an invited participant at the Aspen Institute Roundtable for Institutional Innovation. She was nominated to attend Harvard Business School’s Women’s Leadership Forum and the Next Women 50 Executive Leadership Forum. She was also a guest lecturer in the Executive MBA program at Temple University’s Fox School of Business.

Caroline is active in industry organizations and board service. She is a member of Extraordinary Women on Boards and is a founding member of the Outthinker Chief Strategy Officer Network and Chair of its Advisory Board. She was a member of the Board of Trustees of the Securities Industry Institute® (SII) at the Wharton School of the University of Pennsylvania and a member of the Board of Directors of the Insured Retirement Institute. She was also a member of the FCS Marketing Leadership Roundtable.
Caroline earned a Bachelor of Arts and Master of Business Administration from Old Dominion University in Norfolk, VA.
Important Information
Forward-looking statements herein are based on the beliefs and assumptions using information currently available. Forward-looking statements speak only as of the date they are made. They also involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. Motive’s Industry Partners are third-party consultants engaged for their recognized expertise to advise Motive personnel and are not employees of Motive Partners.

Categories: People

Why we invested in Komon: Web3 platform to empower creator communities

Adara

We are pleased to announce our recent investment in Komon, a platform that permits creators to launch NFT-powered communities. Adara participated in the $2 million pre-seed round alongside Samaipata, Inveready, Shilling, and several business angels.

We are excited to back Komon founders Sebastián Fernández-Medrano, former Principal at Samaipata, and Manuel Bevilacqua, a computer scientist with years of experience in companies such as Capchase, Returnly, and Stubhub.

Both founders share a deep passion for art in all its forms. Beyond their professional experience, Sebastián is a trained actor and Manuel is a professional violinist, which has led them to take the leap to change creative industries through technology.

The challenge: One-sided creator platforms

Digital creators face many challenges, often sacrificing ownership over their audiences and potential revenue depending on the platforms they choose to distribute their work. First-generation models (YouTube, Twitch, Spotify) have helped creators make money primarily through digital ads but still require a significant following and traffic numbers to generate meaningful revenue. And while second-generation models (Patreon, OnlyFans) have helped creators unlock additional revenue by charging fans subscription fees to access content, dependence on any one platform forever limits the creator’s potential audience size, engagement, and revenue.

Enter Komon: Enabling direct creator-community relationships

Komon offers an alternative to these existing models, helping creators regain control over their entire content production, monetization, and distribution processes.

The Madrid-based startup is developing a platform that will allow creators and artists to build and manage a community and engage directly with their audiences. Community members can unlock access and rights to a creator’s exclusive content through utility-focused NFTs, or “Komon Keys,” which are governed by smart contracts. Members can also resell, rent, or give away “Komon Keys” to transfer their community membership to someone else.

Komon will use the funding to develop the platform and build out its team in Europe and the US.

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The Adara view: Web3 & and empowering the new creator economy

We’re fascinated to see how Web3 will harness the power of digital communities and the future of commerce. To build and run these communities is time-consuming, costly, and complex, and we believe creator tools and platforms like Komon will catalyze audience engagement in the same way that e-commerce infrastructure has unlocked distribution for D2C brands.

We were very impressed with Sebastian and Manu’s deep “Problem-Founder Fit,” having both experienced firsthand the current difficulties the creative industry faces, and we believe they have a product-first approach to a very large market opportunity. The potential for NFTs to provide creators with more autonomy over how they engage with their audiences and monetize their work is enormous. We are thrilled to support Komon on their mission to help creators worldwide build income in a way that truly enables their creative work.

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Cottonwood recruited Patrick Claessen as Partner

Cottonwood Technology Fund is happy to announce that Patrick Claessen will be joining Cottonwood Technology Fund as Partner starting June 1, 2022. He will be working at our office in the Netherlands. Patrick has 25+ years’ experience in investment management of innovative technology-driven businesses

Before joining Cottonwood Technology Fund, Patrick worked at Brightlands Venture Partners, an impact venture capital fund manager in the Southern Netherlands with a focus on renewable chemistry and materials, agrifood, sustainability and health. As a Senior Investment Manager of BVP Fund IV, Chemelot Ventures and the Brightlands Agrifood Fund, Patrick acted as a shareholder representative and board member for several portfolio companies.
Furthermore, Patrick held various positions at Essent during his 10-year employment at the company, including Senior Participations Manager, leading several corporate venture investments, and director of multiple joint ventures in the energy sector.
Prior to that he worked as an Investment Manager at the Brabant Development Agency (BOM), where he was responsible for investing in technology-driven early stage ventures, and as an Analyst at Van Lanschot Corporate Finance as well as Sumitomo Mitsui Banking Corporation (formerly Sakura Bank).

Patrick holds a MSc degree in Business Economics from Tilburg University and a master’s degree in Financial & Strategic Management from VLEKHO Business School.

Categories: People

Planet DDS Announces Significant Investment from Aquiline Capital Partners

Aquiline

NEWPORT BEACH, Calif. and NEW YORK, June 1, 2022 – Planet DDS (the “Company”), a leading provider of cloud-based software solutions for dental practices in North America, today announced that it has entered into a definitive agreement to be recapitalized by Aquiline Capital Partners LLC (“Aquiline”). Aquiline is a private investment firm based in New York and London with $8.7 billion in assets under management, which focuses on investing in companies across the financial services and technology, healthcare, and business services industries.

In conjunction with Aquiline’s investment, Level Equity Management, LLC (“Level Equity”), a New York-based private investment firm specializing in capital-efficient, rapid-growth companies, will roll a portion of its existing equity in Planet DDS and invest additional capital. The investments from Aquiline and Level Equity will be used to accelerate the Company’s growth plans.

Since its founding in 2003, Planet DDS has improved the efficiency and operational performance of dental practices through innovative industry-leading technology. The Company’s solutions provide customers with practice management, dental imaging, and patient engagement and retention capabilities that enable them to streamline operations. The Company is growing rapidly with current partners and customers including American Dental Partners, the U.S. Army and Navy, and Dental Care Alliance.

“Today’s announcement is an exciting next chapter in our story as we continue to scale and improve our offerings to meet the needs of the dental industry,” said Eric Giesecke, CEO of Planet DDS. “Aquiline brings new capabilities to the business that will help drive growth. Level Equity has been a great partner since 2019 and I am excited they will continue to support the business.”

“Eric and his team have built a comprehensive and highly scalable platform that is well-positioned to meet the growing demand for cloud-based dental practice management software,” said Jeff Greenberg, Chairman and CEO of Aquiline Capital Partners. “We are excited to partner with Level Equity and the Planet DDS management team to provide our expertise and network to further accelerate the Company’s growth.”

“It is simply amazing what Eric and the Planet DDS team have accomplished since our acquisition less than three years ago,” said Ben Levin, Co-Founder and CEO of Level Equity. “The Company has completed three strategic acquisitions allowing them to deliver the most comprehensive offering in the dental market and the only purpose-built, fully cloud-based solution for solo practitioners and DSOs alike. Organic growth has accelerated meaningfully with recurring revenue growing over 500%, and they have assembled a world class set of managers. We had a wealth of choice in selecting a new equity partner and were all compelled that Aquiline was the ideal partner to help Planet DDS become the dominant market leader in dental. Their deep healthcare and payments experience are ideal complements and we could not be more excited to partner with them.”

SVB Securities acted as exclusive financial advisor to Planet DDS and Level Equity. Goodwin Procter LLP acted as legal advisor to Planet DDS and Level Equity, and Ropes & Gray LLP acted as legal advisor to Aquiline. The transaction is expected to close in the third quarter of 2022 subject to customary closing conditions. Additional financial details of the transaction were not disclosed.

About Planet DDS

Planet DDS is a leading provider of cloud-enabled dental software solutions serving over 10,000 practices in North America with over 60,000 users. The company delivers a complete platform of solutions for dental practices including Denticon Practice Management, Apteryx XVWeb Digital Imaging, and Legwork Patient Relationship Management. Planet DDS is committed to creating value for its dental practice clients by solving the most urgent challenges facing today’s dental practices in North America. For more information, please visit www.planetdds.com.

About Aquiline Capital Partners

Aquiline Capital Partners, founded in 2005, is a private investment firm based in New York and London investing in companies across financial services and technology, healthcare, and business services. The firm had $8.7 billion in assets under management as of March 31, 2022. For more information about Aquiline, its investment professionals, and its portfolio companies, please visit www.aquiline.com.

About Level Equity

Based in New York and San Francisco, Level Equity is a private investment firm focused on providing capital to rapidly growing software and technology-driven businesses. Level provides long term capital across all transaction types in support of continued growth. The firm has raised $3.0 billion in committed capital and has made over 90 investments since inception. For more information, visit www.levelequity.com.

Media Inquiries:

Planet DDS: Innsena Erin Van Zomeren erinvanzomeren@innsena.com

Aquiline Capital Partners: Prosek Partners Josh Clarkson / Maria Jose Gonzalez jclarkson@prosek.com / mjgonzalez@prosek.com

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Cinven expands its Portfolio team

Cinven

International private equity firm Cinven today announces that it has hired a new Managing Director in its Portfolio team.

Sebastian Jaeger, Managing Director – Sebastian joins Cinven from Kloeckner Pentaplast, where he was Chief Transformation Officer, responsible for Business Transformation, Corporate Strategy & Development, Corporate M&A, Group Sustainability and Group Communications. Prior to Kloeckner Pentaplast, Sebastian worked at AlixPartners, where his role included leading transformation and value creation projects. Prior to that Sebastian worked at Bosch Power Tools and Robert Bosch France.

Commenting on Sebastian’s appointment, Thilo Sautter, Partner at Cinven who leads the Portfolio team that provides strategic operational expertise to Cinven’s portfolio companies, said:

“We are delighted to welcome Sebastian to the team. He brings with him a wealth of international management and consulting experience across a range of sectors, which will be vital to us and our portfolio companies.

“Sebastian’s appointment and the continued expansion of the Portfolio team not only highlights the importance of the team within Cinven, but Cinven’s commitment to investing in, and developing, the talent within each team and across the wider firm.”

Categories: People

Ardian invests in Odealim alongside TA Associates

Ardian
  • 01 June 2022 Buyout France, Paris
  • Ardian, a world-leading private investment house, announces today it has signed an agreement with TA Associates (“TA”), a global growth private equity firm, to become a co-controlling shareholder of Odealim, a leader in real estate insurance and credit brokerage in France. The Group, managed by Xavier Saubestre (Chairman and CEO) and Xavier Paturel (CEO), has revenues of over €160m.

TA, Odealim’s majority shareholder since 2018, will reinvest in the transaction alongside Raise Investissement, an existing minority shareholder, and the management team. The investment, made by the Buyout team at Ardian, will enable the company to move into the next phase of its development and consolidate its position as an integrated leader in the real estate sector through the continuation of its organic growth, diversification and geographic expansion, notably through strategic acquisitions.

Founded in 1998, the company became the leading insurance brokerage specialist for real estate professionals (primarily property managers, institutional investors, co-ownerships, etc.) by developing insurance solutions for their properties (including multi-risk building insurance, structural damage policies and unpaid rent guaranties).

Backed by TA, the Group has grown revenues from €30m in 2018 to €160m today and increased its geographic coverage across France, through multiple acquisitions, including Ripert de Grissac and Pisano in Marseille, Brun, Assurgérance and BVD in Lyon, Fidentialp in Grenoble and Bâti-assure in Tours.

More recently, Odealim has also diversified into mortgage brokerage and mortgage insurance by investing in Digital Insure (2020), an insurtech focused on mortgage insurance, and via the acquisition of real estate mortgage broker Artémis Courtage (2021). Through those two acquisitions, the Group further strengthened its position across the real estate vertical and developed the opportunity for cross-selling synergies between its activities.

Thanks to this new investment, the company will be positioned to continue its strong organic growth, further integrate the recently acquired companies, and capitalize on its extensive M&A pipeline. Ardian and TA, both with proven track-records in financial services, will support the Group in further consolidating its positions in existing markets, notably in construction (policies covering structural damage, decennial liability etc.), as well as in new sectors of activities like the institutional real estate market.

“We have followed Odealim closely for several years and have been impressed by the development project led by Xavier Saubestre and Xavier Paturel. We are convinced of the company’s future growth prospects as the French leader in insurance and financing brokerage for real estate professionals. Odealim has demonstrated an impressive organic growth during this period and strong resilience throughout the COVID-19 pandemic, as well as in the current inflationary market context.” Yann Bak, Managing Director in the Ardian Buyout team

“Odealim is a key player in insurance and real estate financing brokerage in France. The Group benefits from a recurring business model, significant organic growth prospects, and is a natural consolidator in its different sectors of activity. We are extremely pleased to continue being part of the Odealim story alongside the management team and Raise, and to welcome Ardian, an experienced investor in insurance brokerage.” Patrick Sader & Jeremy Drean, Managing Director & Principal, TA Associates

“The investment from Ardian, alongside TA, will enable us to continue delivering on our ambitious expansion plans. I am proud of how far we have come with TA whom I would like to thank for their renewed trust. Our teams are working to offer to our clients and partners a high level of expertise and proximity. I would also like to thank Odealim’s executive committee members, who have been involved in this project for several years and have made it a successful, innovative and dynamic company.” Xavier Saubestre, Chairman and CEO, Odealim

Parties to the transaction

  • Odealim

    • Xavier Saubestre, Xavier Paturel

  • Ardian

    • Yann Bak, Edouard Level, Jean-Baptiste Hunaut, Anaïs Robin

  • TA Associates

    • –

  • RAISE Investissement

    • Alexandra Dupont, Aymeric Marraud des Grottes

  • Sell-side advisors

    • Financial advisors: Lazard
    • Legal corporate & structuring advisors: Latham & Watkins
    • Financial due diligence: Deloitte
    • Legal & Labor due diligences: Latham & Watkins
    • Tax due diligences: Deloitte Avocats

  • Buy-side advisors

    • Financial advisors: Nomura, Mirabaud Advisors
    • Legal corporate & structuring advisors: Weil, Gotshal & Manges
    • Commercial due diligence: Roland Berger
    • Financial due diligence: KPMG
    • Digital due diligence: Magellan Consulting
    • Legal, Labor & Tax due diligences: KPMG Avocats
    • ESG due diligence: Indefi

ABOUT ODEALIM

Created from the consolidation of several regional insurance brokers, active on real estate markets, Odealim is the first specialist in real estate insurance brokerage on the French market today.
With a strong geographical footprint and a powerful network of partner insurers, Odealim can guarantee to its customers, professionals and individuals, a real support and customized solutions.

www.odealim.com

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$130bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.
Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.
Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 880 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of more than 1,300 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

www.ardian.com

ABOUT TA ASSOCIATES

TA is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – the firm invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 550 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $47.5 billion in capital since its founding in 1968. The firm’s more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong.

www.ta.com

Media Contacts

ARDIAN

HEADLAND

ardian@headlandconsultancy.co.uk +44 (0) 020 3805 4822

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