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Carlyle to Acquire Leading Global Cosmetics Packaging Company HCP from BPEA

Carlyle

Shanghai, China, May 26, 2022 – Global investment firm, Carlyle (NASDAQ: CG) today announced it has agreed to acquire a 100% stake in HCP Packaging (“HCP”), a global leader in the design, development and manufacture of cosmetic packaging, from funds affiliated with Baring Private Equity Asia (“BPEA”). Equity for this transaction will come from affiliates of Carlyle Asia Partners and Carlyle Japan Partners – two of Carlyle’s buyout funds in Asia. Terms of the transaction were not disclosed.

Founded in 1960 and headquartered in Shanghai, HCP is currently one of the world’s largest beauty packaging providers with 10 state-of-the-art production and manufacturing facilities across China, the USA, Mexico and Europe. The company has produced many innovative award-winning packaging designs and is dedicated to researching and investing in sustainable packaging solutions for the beauty industry. It works with over 250 leading cosmetics, skincare and fragrance brands including Estée Lauder, L’Oreal and Shiseido.

Carlyle will leverage its deep sector experience in the consumer and manufacturing industries to support HCP as it continues to scale its operations and grow its customer base globally. Carlyle will also work with HCP to help explore global strategic acquisitions, further strengthen the company’s leading R&D capabilities, and facilitate business synergies and alliances for HCP with its global network of portfolio companies in the cosmetics, consumer and manufacturing industries.

During BPEA’s ownership, HCP has experienced transformative growth. With BPEA’s support, HCP has become an even stronger primary packaging supplier for both color cosmetics and skincare products with expanded product technology as well as geographical footprint.

Eddy Wu, President and CEO of HCP Packaging, said: “We are incredibly proud of our journey to become a leading cosmetics packaging manufacturer and would like to thank BPEA for their support over the past six-and-a-half years. Our strategic priorities continue to be centered on driving sustainable packaging innovation and delivering top-quality services and best-in-class operational excellence to our customers around the world. We are delighted to partner with Carlyle and to have a new owner with such high calibre. We look to leverage Carlyle’s global platform strengths for our next phase of growth and as we expand our leading market position internationally.”

Wanlin Liu and Dennis Wang, Managing Directors of the Carlyle Asia Partners advisory team, said: “We are excited to partner with HCP and look forward to working with Eddy and the management team on the company’s next phase of global growth and expansion. We see long-term growth potential in the beauty and cosmetics industry and believe HCP’s business track record and commitment to R&D and ESG are market differentiators. We plan to leverage the strengths of our global platform, deep industry and market expertise, and synergies from our extensive network of portfolio companies in the consumer and manufacturing sectors to help HCP capture new growth opportunities, and take the company to the next level.”

Alex Lee, Managing Director at BPEA, said: “We are proud to have supported HCP’s growth and evolution into a global leader in packaging during our time with the company. By expanding into new markets, broadening HCP’s reach in its home market of China and developing a range of exciting new product offerings through selective bolt-on acquisitions, we’re confident that the company is very well positioned to continue growing over the longer-term. We’re also proud to have overseen the transformation of HCP’s ESG and sustainability capabilities, including developing refillable PCR packages and utilizing sustainability-certified manufacturing facilities, which will leave a more sustainable and environmentally-friendly footprint going forward.”

The transaction is subject to customary regulatory approvals and is expected to close in Q3 2022.

***

About HCP

From conception to manufacture, HCP Packaging is a global leader in the design, development, and manufacture of next generation primary packaging containers for the beauty industry. HCP’s product portfolio includes compacts and palettes, lipsticks and twist up sticks; mascara with expertise in molded & fiber brushes; lip gloss and concealer, pots, jars, and closures; pumps and droppers. Dedicated to sustainability, with world-class in-house finishing facilities, HCP enables brands to customize and transform packaging aesthetics with high quality and striking decoration. For more information on HCP, please visit the company’s website www.hcpackaging.com

 

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $325 billion of assets under management as of March 31, 2022, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs nearly 1,900 people in 26 offices across five continents.

Carlyle’s buyout funds, including Carlyle Asia Partners and Carlyle Japan Partners, have well-established experience investing in the consumer and retail as well as manufacturing and industrial sectors, with investments in TOKIWA Corporation, Beautycounter, Golden Goose, Vogue, Novolex and Logoplaste among others. Globally, Carlyle has invested approximately US$25 billion of equity in over 135 deals in the consumer, media and retail sector and over US$30 billion of equity in more than 115 deals in the manufacturing and industrial sector as of March 31, 2022.

Further information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.

 

About BPEA

Baring Private Equity Asia (BPEA) is one of Asia’s largest private alternative investment firms, with USD 21 billion of FPAUM. BPEA manages a private equity investment program, sponsoring buyouts and providing growth capital to companies for expansion or acquisitions with a particular focus on the Asia Pacific region, as well as dedicated funds focused on private real estate and private credit. The firm has a 25-year history and over 220 employees located across 10 offices in Beijing, Delhi, Hong Kong, London, Los Angeles, Mumbai, Singapore, Shanghai, Sydney, and Tokyo.

BPEA is a responsible investor that seeks to create value for all stakeholders through a sustainable approach to investing. The firm is a signatory to the UNPRI (United Nations Principles for Responsible Investment) and is committed to action within its own business and the companies in which it invests to drive sustainability across a range of issues, from climate change to social concerns to effective governance. For more information, please visit www.bpeasia.com.

 

Media contacts

HCP:
Cheryl Morgan
+44 1202 670099
cmorgan@hcpackaging.com

Carlyle:
Lonna Leong
+852 9023 1157
lonna.leong@carlyle.com

BPEA:
Fergus Herries
+852 3758 2685
fergus.herries@secnewgate.hk

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Ryan to Receive New Investment from Ares Management and Continued Investment from Onex Partners

Onex

DALLAS and TORONTO (May 26, 2022) – Ryan, LLC (“Ryan” or the “Company”) and Onex Corporation (“Onex”) (TSX: ONEX) announced today a private equity fund managed by Ares Management Corporation (“Ares”) (NYSE: ARES) has committed to acquiring a significant minority equity interest in Ryan, valuing the Company at $2.5 billion. The investment was made in partnership with Ryan’s management team and the Company’s existing investor Onex Partners, Onex’ flagship private equity platform, who will retain a significant minority equity interest in Ryan. This combined partnership will drive the next stage of growth for the Company.
Headquartered in Dallas, Texas, Ryan is a leading global tax services and software provider with an integrated suite of federal, state, local, and international tax services, and is the largest firm in the world dedicated exclusively to business taxes. Its multidisciplinary team of more than 3,500 professionals and associates serves over 18,000 clients in more than 60 countries, including many of the world’s most prominent companies.

“Ares is an excellent partner for our firm due to their experience helping great companies drive technology transformations and long-term growth,” said G. Brint Ryan, Chairman and Chief Executive Officer of Ryan. “We have been on a growth trajectory with recent strategic acquisitions, expansions of several key practice areas, and the addition of some of the world’s most respected companies to our already impressive client roster. With the backing of Ares and Onex, we’ll continue this momentum and increase value to our clients and team members around the world as we build the global brand in tax.”

“Ryan is a culture-driven, growth-oriented sector leader in the tax advisory and software industry,” said Abraham Zilkha, Partner in the Ares Private Equity Group. “We are thrilled to have the opportunity to partner with the Ryan team and with Onex, and we look forward to leveraging the breadth of our global platform to help support Ryan’s continued growth.”

“When we invested in Ryan almost four years ago, the firm’s strong track record, client-centric approach, and winning culture were very clear,” said Amir Motamedi, a Managing Director at Onex Partners. “Since then, Ryan has continued to strengthen its market position by focusing on the needs of its clients and well-being of its team members. We believe the best is yet to come, and we’re delighted to welcome Ares as our new partner.”
The transaction is expected to close in the third quarter of 2022, subject to customary closing conditions.

This news release may contain forward-looking statements that are based on Ares, Ryan, and Onex management’s current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Ares, Ryan, and Onex are under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.

About Ryan
Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. With global headquarters in Dallas, Texas, the Firm provides an integrated suite of federal, state, local, and international tax services on a multijurisdictional basis, including tax recovery, consulting, advocacy, compliance, and technology services. Ryan is a 10-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan’s multidisciplinary team of more than 3,500 professionals and associates serves over 18,000 clients in more than 60 countries, including many of the world’s most prominent Global 5000 companies. More information about Ryan can be found at ryan.com. “Ryan” and “Firm” refer to the global organizational network and may refer to one or more of the member firms of Ryan International, each of which is a separate legal entity.

About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2022, Ares Management Corporation’s global platform had approximately $325 billion of assets under management, with approximately 2,100 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.

About Onex
Onex is an investor and asset manager that invests capital on behalf of Onex shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Onex’ two primary businesses are Private Equity and Credit. In Private Equity, we raise funds from third-party investors, or limited partners, and invest them, along with Onex’ own investing capital, through the funds of our private equity platforms, Onex Partners and ONCAP. Similarly, in Credit, we raise and invest capital across several private credit, public credit and public equity strategies. Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, insurance companies and family offices. In addition, through our private wealth platform, we service high net worth clients in Canada. In total, as of March 31, 2022, Onex has $49.2 billion in assets under management, of which $8.2 billion is Onex’ 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 is listed on the Toronto Stock Exchange under the 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.

For Further Information:
Ryan
Stacey Underwood Senior Manager, Content, Communications, and Public Relations
+1 972.934.0022
stacey.underwood@ryan.com
Ares
Brittany Cash
+1 212.301.0347
or
Jacob Silber
+1 212.301.0376
media@aresmgmt.com
Onex
Jill Homenuk
Managing Director – Shareholder Relations and Communications
+1 416.362.7711

Categories: News

Bain Capital Completes Acquisition of VXI Global Solutions

BainCapital

BOSTON and HONG KONG, May 25, 2022 – Bain Capital Private Equity (“Bain Capital”), a leading global, value-added investor, announced that it has completed its acquisition of VXI Global Solutions, a leading provider of Business Process Outsourcing (“BPO”) services to businesses around the world, from The Carlyle Group. Financial terms of the private transaction were not disclosed.

Bain Capital Completes Acquisition of VXI Global Solutions

Founded in Los Angeles in 1998, VXI Global Solutions provides innovative contact center and BPO services, omnichannel and multilingual support, software development, customer experience innovation, quality assurance and infrastructure outsourcing. VXI has more than 35,000 employees operating in 42 locations in North America, Asia, Europe, and the Caribbean and plays a key role in partnering with multinational businesses as they expand their reach around the world.

Bain Capital previously invested in VXI from 2012 – 2016. During this period, VXI further penetrated the Chinese and Central American markets. Also fueling the company’s growth was the acquisition of Symbio, a leading IT outsourcing provider, which expanded VXI’s global services offering and enhanced its competitive position in China.
David Zhou, Co-Founder and Co-CEO of VXI, said: “On behalf of my Co-Founder and Co-CEO, Eva Wang and the entire VXI team, I’m extremely grateful for the close and strategic relationship we’ve fostered with The Carlyle Group over the last five years. Their continued support and confidence allowed us to grow into the leading global Customer Experience (CX) firm we are today. Reuniting once again with Bain Capital will accelerate our obsessive pursuit of creating legendary and transformational experiences for our employees, our clients and their customers as we enter the next chapter of CX and CX Advisory services. We couldn’t have a better partner than Bain Capital as we continue to disrupt the CX space by enabling challenging perspectives, developing innovative tools and investing deeply in people to unlock the art of the possible.”

Jonathan Zhu, a Managing Director at Bain Capital Private Equity, said: “This investment is testament to Bain Capital’s advantage in founder partnership deals and the result of more than 10 years of relationship building. Over the past three years, VXI has demonstrated robust organic growth, and we are confident in David and his team’s ability to accelerate this trajectory.“

BofA Securities served as the exclusive financial advisor to Bain Capital Private Equity.

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 more than 250 investment 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 23 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, public equity, venture capital and real estate, managing approximately $160 billion in total and leveraging the firm’s shared platform to capture opportunities in strategic areas of focus.

For more information, visit: www.baincapital.com

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CapMan Real Estate acquires a portfolio of four office properties located in midtown Helsinki

Capman

CapMan Real Estate press release
25 May 2022 at 14.00 pm EEST

CapMan Real Estate acquires a portfolio of four office properties located in midtown Helsinki

The CapMan Nordic Real Estate III fund (“Fund”) acquires four office properties located in the midtown Helsinki neighbourhoods of Pasila, Vallila and Kalasatama from Goldman Sachs Asset Management and Cromwell Property Group. CapMan aims to modernise the spaces and improve the energy efficiency of the assets. The assets complement the existing value-add strategy of the Fund.

The assets have a total lettable area of 35,000 square metres and are located in vibrant and accessible mid-town office areas of Helsinki. The central locations combined with unbeatable public transport connections make the assets very attractive to perspective tenants, for example, Pasilanraitio 5 is located adjacent to the Tripla shopping centre and certain key transit connections, Kumpulantie 3 is located in Vallila, close to Pasila, Elimäenkatu 26 is located in the heart of Vallila and Vanha Talvitie 11 is located in the fast-growing Kalasatama area which is located close to the metro station.

Commenting on the acquisition, Sampsa Apajalahti, Investment Director at CapMan Real Estate stated “the Pasila-Vallila-Kalastama commuter area is one of the largest office hubs in Helsinki. The prime location and availability of public rail transport offer plenty of opportunities to companies seeking office space. That said, many of the offices in the area are in need of upgrades. Our goal is to create attractive workplaces by modernising the spaces and improving their energy efficiency, with the ultimate aim of obtaining energy certificates for each of the assets. Overall, the assets are a great strategic fit for our fund”.

The EUR 564 million Fund was established in 2020 and it primarily invests in office, retail, and residential real estate in the Nordic regions.

CapMan Real Estate currently manages approximately EUR 4.0 billion in real estate assets and the Real Estate Team comprises over 60 real estate professionals located in Helsinki, Stockholm, Copenhagen, Oslo and London.

For more information, please contact:

Sampsa Apajalahti, Investment Director at CapMan Real Estate, +358 40 575 2363

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.

About Goldman Sachs Asset Management Real Estate

Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of March 31, 2022. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure.  Established in 1991, the Real Estate business within Goldman Sachs Asset Management is one of the largest investors in real estate with over $50 billion in capital invested since 2012 across the spectrum of investment strategies from core to opportunistic. Our global team invests across all sectors with deep expertise across the capital structure, in assets ranging from single properties to large portfolios, through senior mortgages, mezzanine debt and equity. Follow us on LinkedIn

 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/capman-oyj/r/capman-real-estate-acquires-a-portfolio-of-four-office-properties-located-in-midtown-helsinki,c3574366

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DIF Capital Partners to grow its district heating and energy services business platform Loimua by acquiring Pilke Energia

DIF

DIF Capital Partners (“DIF”) is pleased to announce that its Finnish district heating and energy services business platform Loimua Oy (formerly known as Elenia Heat) has agreed to acquire Pilke Energia and its subsidiaries from Lahti Energia.

Pilke Energia owns and operates biomass boilers with a capacity of 48MW across two sites in the municipality of Kärkölä, South of Finland. The company’s main responsibility is to produce energy for a local wood product company, Koskisen Oy.

Loimua’s CEO Matti Tynjälä says: “Koskisen will be a significant new customer for our industrial-scale energy services business. Renewable energy and its production serve the customer’s needs and the companies’ carbon neutrality goals in a great way. Loimua’s experience in producing renewable energy supports new cooperation in meeting Koskinen’s energy needs”.

DIF and its partners were advised by Avance (legal) and Deloitte (tax and accounting).

About Loimua

DIF Capital Partners, together with its partners Local Pensions Partnership Investments and abrdn, acquired Loimua in July 2019 with DIF Infrastructure V (link to original press release). Loimua is the second largest private supplier of district heating in Finland, providing environmentally sustainable heating to residential, commercial and public sector customers. The company owns and operates 640MW of heat production capacity across 16 networks, covering circa 500 kilometers and circa 4,600 supply points (85,000 end-users).

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:

  • 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.
  • 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 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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Applied Adhesives Acquires Alliance Adhesives

Arsenal Capital Partners

Minnetonka, MN– APPLIED Adhesives, a premier custom adhesive solutions provider in North America, today announced that it has completed its acquisition of Alliance Adhesives, a regional supplier of adhesives and dispensing equipment solutions located in Oldsmar, FL. This acquisition strengthens the company’s commitment to providing industry-leading products, technical expertise, and superior service to its customers.

“Alliance’s dedication to providing an exceptional customer experience is in direct alignment with Applied’s commitment to relentless customer focus, demonstrating an ideal cultural fit,” said John Feriancek, President and CEO of APPLIED Adhesives. “We are pleased to welcome Alliance Adhesives to APPLIED Adhesives and look forward to providing their customers with the outstanding service and innovative solutions they have come to expect.”

“Alliance always has the mindset that we are an extension of our customers’ business by supporting their needs to drive their success. Our relationship with our customers is our number one priority. We have them to thank for who we are today,” said David Rittenhouse, President of Alliance Adhesives. “Applied shares those same values and mindset. We feel the support that Applied brings to the table and their passion for relentless customer focus makes this a win for everyone.”

About APPLIED Adhesives

APPLIED Adhesives, founded in 1971, is a premier custom adhesive solutions provider in North America. The company is a value-added distributor of hot melt, water-based, and reactive adhesives as well as dispensing equipment. APPLIED Adhesives serves as a critical supply chain partner to leading adhesive manufacturers and formulators by offering reach and high service levels to an expansive customer base. For more information, please visit appliedadhesives.com or follow us on LinkedIn.

About Alliance Adhesives

Located in Oldsmar, FL, Alliance Adhesives is a regional, family-owned manufacturer and distributor of industrial adhesives. For 20 years, customers have depended on Alliance for cost-effective solutions for their adhesives needs. Alliance serves customers of all types including small- and medium-sized businesses, large enterprises, agricultural, educational institutions, government agencies, and consumers. For more information, please visit Allianceadhesives.com

APPLIED Adhesives Media Contact:
David Posadas
Vice President of Marketing
dposadas@appliedproducts.com

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Quilvest Capital Partners and IK Partners enter exclusivity with Five Arrows Principal Investments to sell a majority stake in GEDH

IK Partners

Paris, May 25th 2022 – Quilvest Capital Partners (“Quilvest”) together with IK Partners (“IK”) is pleased to announce that an exclusivity agreement has been reached to sell its respective stakes in Groupe EDH (“GEDH” or “the Group”), to Five Arrows Principal Investments (“FAPI”), alongside the management team who will be reinvesting. A potential reinvestment from both Quilvest and IK is under review and being considered.

Founded in 1961, GEDH is a leading player in the private higher education sector in France, delivering certified graduate programmes and specialised MBAs across communication, artistic and cultural management, journalism, design, cinema and digital arts. Leveraging their long-established ties with a broad network of companies across the world, the schools of GEDH develop a teaching approach that is tailored to meet the needs of students and to the requirements of work environments, specifically with regards to creative and cultural industries.

The Group is headquartered in Paris, France with close to 400 employees serving approximately 10,000 students. It encompasses eight reference schools that are spread across 25 campuses in France and beyond. At present, the Group offers 12 certified diplomas and has an alumni network of more than 45,000 graduates.

Quilvest first partnered with GEDH in November 2017 with IK joining in February 2020, having acquired a minority stake from Quilvest and Amin Khiari, Chairman and CEO of the Group. Through this combined partnership, GEDH has managed to execute on its buy-and-build plan through the: acquisition of schools with adjacent academic offerings; opening of 11 further campuses in France; accelerated roll-out of new programmes and strengthening of its organisational structure.

Amin Khiari, CEO of GEDH, commented: “Quilvest and IK have been valuable in accelerating our growth over the past few years. Most notably, they have helped us reinforce our positioning as a leading provider of higher education. We thank them for their support as it has allowed the Group to expand both geographically and in terms of academic offerings allowing us to serve a growing number of students. With continued enthusiasm and ambition, we look forward to partnering with FAPI’s team for the years ahead.”

Thomas Vatier, Partner at Quilvest Capital Partners, said: “Since our investment in 2017, we have had the pleasure of witnessing GEDH go from strength to strength. We have been impressed with their vision, know-how and drive to build a ‘best-in-class’ player in private higher education. Their accomplishments are a testament to the work from Amin and his team. We are highly confident in the successful pursuit of their journey.”

Thomas Grob, Partner at IK and Advisor to the IK Partnership Fund, added: “GEDH has grown significantly as part of our partnership; driven by both their expansion in geographical reach and continuous innovation with regards to the curriculum. This has further strengthened their position in the private higher education sector in France, which, when combined with their clear focus on operational excellence and the quality of their students’ experience, allows them to differentiate themselves amongst other players. GEDH is a solid business which benefits from strong pillars, making it well-positioned for future growth.”

Brahim Ammor, Managing Director at FAPI, said: “Since 2014, Amin and his team have built one of the leading providers in the private higher education segment in France with a remarkable growth trajectory. We are very excited to partner with GEDH to further support the expansion of the Group in France, enhance its digital profile and accelerate its international development in the coming years.”

Completion of the transaction is subject to legal and regulatory approvals.

For further questions, please contact:
Group EDH
Emmanuelle Baruch
E: e.baruch@groupe-edh.com

Quilvest Capital Partners
FTI Consulting
Mathilde Jean
T: +33 (0)1 47 03 69 54
E: mathilde.jean@fticonsulting.com

Five Arrows Principal Investments
Emma Rees
T: +44 (0) 7703 715 763
E: emma.rees@rothschildandco.com

IK Partners
Vidya Verlkumar
T: +44 (0) 7787 558 193
E: vidya.verlkumar@ikpartners.com

Or

Maitland/AMO
James McFarlane
T: +44 (0) 7584 142665
E: jmcfarlane@maitland.co.uk / ik-maitland@maitland.co.uk

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Balance Point Capital Announces its Investment in Vital Nutrients Holdings, Inc. d/b/a Blueroot Health

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Balance Point Capital
Westport, CT, May 24, 2022 – Balance Point Capital Advisors, LLC (“Balance Point”), in conjunction with its affiliated funds, Balance Point Capital Partners IV, L.P, and Balance Point Capital Partners V, L.P., is pleased to announce its investment in Vital Nutrients Holdings, Inc. d/b/a Blueroot Health (the “Company”), a portfolio company of North Castle Partners.  Continuing with its position as a leading provider of flexible capital to the lower middle market, Balance Point provided financing to support the Company’s recapitalization and its purchase of Fairhaven Health.
Founded in 2020 and headquartered in Middletown, CT, Blueroot Health is a consumer health company building brands that consists of a family of well-respected nutraceutical brands including Vital Nutrients, Bariatric Fusion, Hyperbiotics, and now Fairhaven Health.  Blueroot Health offers healthcare practitioners, their patients and consumers alike a suite of meticulously crafted, innovative products that combine the best of clinically-proven science and the cleanest ingredients, tested to exceed industry safety and quality standards.
“We are pleased to be able to support Blueroot Health, an established leader in the practitioner-focused VMS category, and to partner with North Castle Partners,” remarked Balance Point Partner Justin Kaplan. “We believe Blueroot’s diverse product portfolio of trusted brands and proven ability to innovate and expand distribution across practitioner and e-commerce platforms will continue to drive significant growth for the Company going forward.”
Jane Pemberton, Blueroot’s CEO, said “We are excited to be working with Balance Point on this transaction. Their understanding of our business and industry and capital flexibility will provide the support necessary to execute on our growth objectives.”
Roy Chin, North Castle Partners’ Principal, added “This is our second transaction with Balance Point and we are pleased to partner with Balance Point again to optimize Blueroot’s capital structure to support the Company for its next phase of growth. Balance Point’s flexibility and fast execution proved critical in this transaction.”
About Balance Point Capital
Balance Point Capital is an alternative investment manager focused on the lower middle market. With approximately $1.7 billion in assets under management as of April 2022, Balance Point invests debt and equity capital in select lower middle market companies across a variety of investment vehicles. Balance Point takes a long-term, partnership approach to investing and is committed to building lasting relationships with its partners, management teams and intermediaries.
Balance Point Capital Advisors, LLC is a registered investment advisor. Further information is available at www.balancepointcapital.com.

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Helsinki-based Helppy is revolutionising home care and has picked up €3 million to expand across Europe

Alliance Venture

Elderly home care is a highly personal form of care provision, and its an area that has been in need of a facelift. Empowered by tech, Helppy has developed a platform that will revolutionise the sector and is based around a neighbourhood care model. The concept allows for more personal care, full transparency and higher productivity than the traditional route-based shift worker model.

As proof of its concept, the previously bootstrapped company has just picked up €3 million in a round led by Alliance Venture. Pre-seed investors Icebreaker.vc, Johannes Schildt, the Co-Founder and CEO of Kry/Livi and Elias Aalto, the Co-Founder of Wolt, also participated in the round and continued to back Helppy.

Anders Hallin, Partner of Alliance VC said: “Helppy has completely redesigned the home care model, allowing them to provide better care and better experience for all parties involved. Their model is unique and can solve many of the problems the ageing population in Europe faces from nurse shortage to the rising demand for care services.”

Founded in Helsinki in 2018, Helppy was developed when founder Richard Nordström needed care for his own mother. When his mother sadly fell ill, Richard found that the existing care provisions were too hard to organise and the service too impersonal. Helppy was developed as a tech-empowered neighbourhood model, which allows the senior to be visited by familiar ‘helppers’. From Helppy, the family member gets personal, trustworthy and affordable help for the ageing parent, hassle-free.

Richard Nordström, Founder & CEO of Helppy, explained: “We’re building the next-generation model of home care. With our model, you will get named ‘helppers’ or nurses, know who visits, know their backgrounds, get visit notes and be able to communicate with them. Using tech to make it personal and trustworthy – at the same price or lower than home care in general.” 

The Finnish startup has now helped nearly a thousand families in Finland and attracted over 5000 nurses and personal assistants to sign up on the platform and offer their help to seniors in need.

Richard Nordström, added: “We believe that our type of model will be adopted by a significant part of the home care market in the next few years, and help solve the ongoing nurse shortage. We’re seeing this happening already in the US, but now also emerging in Europe. The home care market only in Europe is worth over €100 billion and growing 8% annually. With the new funding we’re launching operations now in several markets in Central Europe. ”

With the fresh funding, Helppy will now expand beyond Finland, taking its personalised care offering to families in need across the continent. In addition, the startup will welcome former Swappie Head of DACH region Lauri Tevilin to the team to head growth plans.

Riku Seppälä, a Founding Partner of Icebreaker.vc, added: “Helppy’s team has succeeded in developing technology that revolutionizes the quality of the care for the customer. Coming from Finland and having proven their concept in the world’s most developed care market, we see that Helppy can make a real impact on the elderly care system in Europe”.

Johannes Schildt, the Co-Founder of Kry, said: “Helppy innovates elderly care by using technology to make it more continuous, personal and tailored to each individual’s needs. We need great teams who develop our welfare services and Helppy injects innovation into this much-needed part of healthcare, elderly care”.

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Advent International raises $25 billion for 10th global private equity fund

Advent International
  • Advent’s largest ever fundraise, GPE X, brings firm’s assets under management to over $100 billion
  • Fundraise demonstrates confidence in Advent’s long-established and highly effective strategy of investment, focused on specific sectors and operational improvement
  • GPE X follows the $4 billion raised by Advent Tech II, Advent’s second dedicated technology fund, in 2021
  • New Fund is more than 40% larger than Advent’s previous Global Private Equity (GPE) fund, GPE IX, which raised $17.5 billion in 2019

BOSTON and LONDON, May 24, 2022 – Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced that it has completed fundraising for its flagship fund, Advent International GPE X (“GPE X” or the “Fund”). The Fund reached its hard cap of $25 billion (€22.1 billion) in commitments after less than six months in the market.

Together with GPE X’s companion fund, Advent Tech II, the firm has raised over $30 billion in commitments in approximately 12 months from its limited partners and internal capital from Advent.

Building on successful strategy
Following the same successful strategy as its prior GPE funds, GPE X will have the flexibility to deploy capital across geographies, sectors, deal types and sizes. GPE X will maintain its predecessor funds’ focus on Europe and North America, while also continuing to build Advent’s active local presence in Asia.

“In our nearly 40 years of experience, one thing we know is true is that when you partner with outstanding business leaders and together build great companies, great results follow. The GPE X fundraise, alongside our recent raise for its companion fund, Advent Tech II, are a testament to the trust our investors place in us, particularly in challenging global economic and political circumstances,” said David Mussafer, Managing Partner and Co-Chair of Advent’s Executive Committee. “We are humbled and invigorated by their trust and look forward to working hard every day to continue to earn it.”

Investments in GPE X will build on Advent’s global reach, strong operational resources and the deep expertise and entrepreneurial approach of the firm’s 265 plus investment professionals across five core sectors: Business & Financial Services; Healthcare; Industrial; Retail, Consumer & Leisure; and Technology. Advent will also continue to focus on investments where it has a strong track-record, such as complex carve-outs from major corporations and public-to-private transactions. Since its inception, Advent has invested more than $15 billion in over 90 corporate carve-outs across 28 countries and has completed more than 25 public-to-private transactions. The Fund also has the potential to co-invest with Advent Tech II and Advent’s Latin America-focused fund.

“Years of focus on operationally-intensive investing is at the heart of Advent’s track record of helping nurture and grow innovative, world-class businesses” said James Brocklebank, Managing Partner and Co-Chair of Advent’s Executive Committee. “Our expanding portfolio support ecosystem, our in-house data science capability “Advent Labs”, and our prioritization of ESG in the portfolio are all examples of how we continue to develop new ways to help management teams achieve sustainable growth at scale.”

Majority owned by its partners
Advent is a privately held firm majority-owned by its partners. This partnership model is designed so that control of the firm rests with the people who work there, creating a shared goal that ensures Advent is built to deliver for its investors, companies, team and community and will continue to do so for many years to come.

Established investor base
Commitments to the Fund were secured from a broad mix of international investors, including public and private pensions, sovereign wealth funds, endowments and foundations, institutional fund managers, family offices, and high net worth individuals. Most of the Fund’s commitments came from limited partners in prior Advent funds.

This press release is not an offer or solicitation of an offer, or an invitation or inducement, to invest in any Advent International fund. No person may invest in any Advent International fund except in accordance with and subject to the terms of the applicable fund documentation and applicable law.

About Advent International

Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 390 private equity investments across 41 countries, and at the time of closing of GPE X, Advent has over $100 billion in assets under management. With 15 offices in 12 countries, Advent has established a globally integrated team of over 265 private equity investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; health care; industrial; retail, consumer and leisure; and technology. For nearly four decades, Advent has been dedicated to international investing and remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.

For more information, visit:

Website: www.adventinternational.com
LinkedIn: www.linkedin.com/company/advent-international

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