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Ardian announces Japanese fashion house and art gallery Hauser & Wirth as new tenants of its prestigious Renaissance complex

Ardian

17 January 2023 Real EstateFrance, Paris

The complex was  by Ardian in May 2018 and is located in the heart of the Parisian Golden Triangle, the city’s fashion hotspot. It will now become the home of a major Japanese fashion house and the Hauser & Wirth art gallery.

Ardian, a world-leading private investment house, acquired the 9,300m² property in May 2018. Consisting of three private mansions, its name, Renaissance, was inspired by the ambitions of Ardian, architectural firm CALQ and decorator Tristan Auer to create an exceptionally unique and modern space in an exclusive and sought-after location.

Swiss gallery Hauser & Wirth, famous for its modern and contemporary art collection, had spent 15 years searching for the perfect location to establish itself in Paris, which is renowned for its rich cultural scene and the Paris+ contemporary art fair by Art Basel. Hauser & Wirth fell under the spell of this unique building, which met all of its criteria.  The gallery will exhibit a range of artists at the heart of the capital in one of the private mansions.

Hauser & Wirth will be joined by an exclusive Japanese fashion house. Its owners were attracted to Renaissance by its prime location and design, reminiscent of the most illustrious Parisian haute couture addresses.

“It is a great source of pride for Ardian’s Real Estate teams to have envisioned and delivered this project alongside the teams at CALQ and Tristan Auer. The trust that the building’s future tenants have placed in us is testament to the success of our ambition to create a unique and timeless place in the heart of Paris. Renaissance reflects the beauty and creativity that characterize Paris – the capital of fashion, art and culture.” Stéphanie Bensimon, Head of Real Estate, Ardian

ADVISORS

  • Ardian

    • Commercialization advisor: Advisor2, SCC Vendôme

 

ABOUT ARDIAN

Ardian is a world-leading private investment house, managing or advising $140bn of assets on behalf of more than 1,400 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian is majority-owned by its employees and places great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,000+ employees, spread across 15 offices in Europe, the Americas and Asia, are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ardian.com

Press contact

Ardian

HEADLAND

ardian@headlandconsultancy.com

 

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Interalu attracts growth capital from Waterland to accelerate its international expansion as a market leader in sustainable climate ceilings.

Waterland

Interalu, based in Wilrijk (Antwerp), has over the past 50 years gained a leading position in the market for climate ceilings for non-residential buildings. Climate ceilings control the indoor climate with the highest level of comfort by means of heating and cooling radiation. Interalu is a frontrunner within the industry in terms of technology, sustainability and circularity.
Under the leadership of the Schrauwen family, the group has become the market leader in Belgium and Interalu has created compelling momentum in France, Luxembourg and the Netherlands.

With an ambition to accelerate growth and expand internationally, Interalu has engaged Waterland to support the next phase of growth. The execution of their joint growth plans will build on Interalu’s existing unique value proposition, in which the trust relationship with customers as well as innovation and sustainability are central.

Anthony Schrauwen (CEO): “With Waterland we have found a very complementary and experienced partner who can help our family business to realize the next step. Together with the entire Interalu team, I am very much looking forward to working with Waterland and supporting existing and future customers across Europe in meeting their sustainability targets.”

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AURELIUS Equity Opportunities to seek segment change

Aurelius Capital
  • Segment change from qualified Open Market (m:access) to general Open Market intended
  • Considerable savings of time and money for the company
  • Rights of shareholders linked to their shares will be preserved

Grünwald, January 16, 2023 – The Board of Directors of the general partner of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) will seek a segment change. The company assumes that its shares will be traded in the general Open Market at a stock exchange after a transition period. The current inclusion in the qualified Open Market (m:access segment of the Munich Stock Exchange) will end. The decision was reached after carefully weighing the advantages and disadvantages of the quotation of the shares.

AURELIUS Equity Opportunities has undergone a substantial transformation in the last 15 years, developing from a turnaround investor focused on Germany to a member of the pan-European AURELIUS Group specializing in private equity, private debt, and real estate.

Already since 2013, there has been no need for the company to make use of the funding possibilities afforded by the quotation of the shares in the qualified Open Market to raise equity capital. At the same time, the financial and regulatory effort entailed by the quotation of the shares in this segment, which in some cases also creates disadvantages for the company’s day-to-day business, has risen considerably in the last few years. The intended segment change was decided after a careful assessment of the corresponding advantages and disadvantages, on the basis of which it was determined that a quotation of the shares in the qualified Open Market is no longer necessary.

Therefore, the Board of Directors resolved today to file an application to revoke the quotation of the shares of AURELIUS Equity Opportunities SE & Co. KGaA in the m:access segment and to revoke the inclusion in the Open Market of the Munich Stock Exchange. AURELIUS Equity Opportunities further assumes that its shares will be traded in the general Open Market at another stock exchange in the future as well.

The rights of existing shareholders linked to their shares will be preserved after this segment change. The exact timing of the discontinuation of trading will depend on the corresponding decision to be made by the Munich Stock Exchange. The transition period could last for up to one year or possibly longer.

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HQ Group has reached an agreement with investment company NPM Capital.

NPM Capital
HQ Group, market leader in the development, production, cleaning and reuse of innovative and high-quality packaging solutions for the high-tech industry, has reached an agreement with investment company NPM Capital to welcome them as new majority shareholder. This transaction enables HQ Group to secure a long-term shareholder base, as well as support for HQ Group’s expansion strategy and international growth. NPM Capital is looking forward to the future collaboration with the current management team. HQ Group is based in Eindhoven and has worldwide activities and production locations, including state-of-the-art cleanroom facilities in Europe, America and Asia. Completion of the proposed transaction is subject to regulatory approval (ACM).

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Montagu agrees to sell Maincare

Montagu

Montagu, a leading European private equity firm, is pleased to announce that it has agreed to sell Maincare, a provider of software for French public hospitals and health authorities, to Docaposte, the digital arm of La Poste, the French postal service.

Maincare provides an end-to-end hospital information system offering in France, where it is a leader in electronic patient records as well as hospital administration, interoperability, and telemedicine solutions. Through its integrated software suite, it assists public hospitals, payers, and insurers to implement successful digital strategies for the benefit of patients.

Since Montagu acquired Maincare in 2018, it has worked with the business to respond to the rapidly changing needs of policymakers and hospitals, in particular in the wake of the Covid-19 pandemic. Significant investments in R&D led to the development of new-generation electronic patient records as well as the modernisation of Maincare’s technology ensuring that products are interoperable, SaaS-ready, and at the forefront of innovation in terms of cyber-security.

Under Montagu’s ownership, Maincare’s historically acquired business lines were combined from an organisational and technology standpoint, introducing a shared vision and strategy to the business and driving efficiencies. Led by a strong and unified management team, the changes helped to establish a customer-centric culture which put the needs of medical personnel and patients at the centre of the organisation.

Montagu Partner Guillaume Jabalot said, “Maincare is a great example of Montagu’s strategy of partnering with leading companies offering critical products and services. We are proud of the success Maincare has achieved and we are certain that the company will continue to thrive under the ownership of Docaposte. We especially would like to thank the management team and all Maincare’s employees for their hard work and dedication and we wish them all the best on their future journey.”

Maincare is a great example of Montagu’s strategy of partnering with leading companies offering critical products and services.

Guillaume Jabalot, Partner, Montagu

François-Xavier Floren, CEO of Maincare, commented: “The partnership with Docaposte will allow us to address one of the major challenges of our market – the importance of offering customers long-term support with a trusted partner present in software, hosting and services. Over the last two years, with the support of Montagu, we successfully carried out a transformation plan aimed at improving one of the persistent challenges of the French hospital system by “Giving time back to the Caregivers”. The management team and all Maincare’s employees are confident that the partnership with Docaposte will bring further significant value to our clients and to the market.”

Over the last two years, with the support of Montagu, we successfully carried out a transformation plan aimed at improving one of the persistent challenges of the French hospital system by “Giving time back to the Caregivers”.

François-Xavier Floren, CEO, Maincare

The transaction remains subject to the approval of the French competition authority.

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Ratos company Speed Group wins the Stora Hållbarhetspriset sustainability award

Ratos

Speed Group named winner of the Stora Hållbarhetspriset award for 2022. The prize is awarded by Borås Näringsliv (the Borås local business association), the University of Borås, the City of Borås and Sparbanken Sjuhärad through its owner foundation.

Speed won the prize, with the following citation: “With a clear focus on the environment that is central to the customer dialogue, and with the largest rooftop photovoltaic system in the Nordics, this year’s winner is growing quickly. The 2022 Stora Hållbarhetspriset recipient has a goal of becoming carbon neutral by no later than 2025. Suppliers for this year’s prize-winner must meet requirements for more sustainable materials, energy solutions, transportation and work clothes. Through initiatives both large and small, the winner makes a difference and demonstrates that ecological, social and financial responsibility can go hand in hand. The winner of this year’s prize intends to support innovations related to the environment and contribute to a more inclusive local community where children and young people have a fair chance. Based on its long-term and goal-oriented sustainability agenda, the jury awards the Stora Hållbarhetspriset to Speed Group.

“Sustainability is a prerequisite for remaining an attractive employer and continuing to provide an attractive customer offering. Speed Group has integrated sustainability into its core operations in an exemplary manner. Speed Group is honoured to receive this award,” says Christian Johansson Gebauer, Chairman of the Board of Speed Group and President, Business Area Construction & Services, Ratos.

“It’s incredibly exciting to win a prestigious award like the Stora Hållbarhetspriset and validation that our focus on sustainability is making a difference. Sustainability permeates everything we do and it’s gratifying to see that employees in every department share this mindset. This distinction is a source of pride for Speed Group and will spur everyone to continue this important work,” says Jesper Andersson, CEO of Speed Group.

About the Stora Hållbarhetspriset sustainability award
The Stora Hållbarhetspriset was established in 2021 by Borås Näringsliv, the University of Borås, the City of Borås and Sparbanken Sjuhärad through its owner foundation to inspire and encourage sustainable development that generates growth.

About Speed Group
Speed offers sustainable, flexible and innovative solutions to complex logistics and staffing challenges. Sustainability permeates the entire business, and the aim is to be carbon neutral by 2025. Speed has its head office in Borås, Sweden, and logistics centres in Borås, Gothenburg and Stockholm covering a combined total of more than 220,000 square metres. The company has sales of just over SEK 1.2 billion and approximately 1,500 employees.

For further information, please contact:
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21

About Ratos
Ratos is a business group consisting of 16 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2021, the companies have approximately SEK 30 billion in net sales. Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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Waterland acquires underground infrastructure specialist Van Vulpen

Mentha

Van Vulpen, a specialist in underground infrastructure, has found a new owner in Waterland Private Equity. The majority interest of Mentha and the management’s shareholding will be fully transferred to Waterland, with the current management reinvesting.

Van Vulpen is one of the top contractors in the Netherlands focusing on underground infrastructure, particularly in regard to electricity, gas and water. The Gorinchem-based company specializes in horizontal directional drilling, which enables it to lay pipelines and cables underground over large distances with minimal impact on the environment. Van Vulpen is highly regarded for the quality it delivers, its process-based approach and its leading position in the field of sustainability. This is underlined by the duration of its partnerships and its healthy contract portfolio. In 2019, Mentha took a majority stake in the company to further professionalize its operations and facilitate growth. Waterland is now taking up the challenge of further shaping this successful process.

Growth and professionalization
Mentha has spent the last few years making Van Vulpen stronger as a company, and less dependent on a few key figures within the organization, while nurturing the knowledge and experience that was available. For example, internally developed software was converted to a low-code platform so that the knowledge of external experts can also be used for its maintenance and further development.

Ralph Peeters has been in the role of general manager for a year now. He has built on the strong foundation that was already in place when he arrived. Under Mentha’s care, sales have grown by more than 40 percent since the end of 2019.

Ralph Peeters, general director of Van Vulpen, comments: “When I took office at the beginning of 2022, I joined a dynamic company with plenty of promise for the future. Talented employees, long-term relationships with clients and partners, and the quality of the work provided ensure a healthy starting position for further growth. We are grateful to my predecessor and to Mentha for this development and look forward to continuing this growth trajectory together with Waterland.”

Gijs Botman, partner at Mentha, adds: “Van Vulpen and Mentha share a similar drive: collaboration, quality and focus on effective digitization and processes. In 2019 we were impressed by what Van Vulpen had achieved so far and saw growth potential, which we were able to realize in a short time together with its strong team. The collaboration is now coming to an end, but we are convinced that Van Vulpen is in good hands with Waterland to ensure further growth.”

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KKR appoints Lea-Sophie Cramer as an Industry Advisor

KKR
  • KKR further strengthens its expertise in digital transformation and advisory capabilities with appointment of serial founder and thought leader
  • Lea-Sophie Cramer will support KKR and select portfolio companies to identify and assess new investment and value creation opportunities by capitalizing on her entrepreneurial expertise and strong network

Frankfurt, Germany, 12 January 2023 – KKR, a leading global investment firm, has appointed Lea-Sophie Cramer as an Industry Advisor to KKR’s Private Equity team, further strengthening KKR’s expertise in the European e-commerce and broader technology sector. In her role, Lea will leverage her extensive expertise as an entrepreneur to advise KKR on investment opportunities and further support selected portfolio companies with international growth strategies.

Lea is a founder, investor and one of the most prominent voices for entrepreneurship and startup culture in Germany. After leading Groupon in Asia, Lea co-founded Amorelie in 2013. Today Amorelie is a leading e-commerce player for peoples’ love life and has contributed to repositioning and growing an entire industry. Eventually Amorelie was sold to ProSiebenSat.1 and Lea left her position as CEO of the company in 2019.

Lea is an active Business Angel and VC-fund Investor and a leading advocate for female leadership and entrepreneurship. In 2022 she founded the “10-More-In” academy with modern leadership programs for women. Lea previously served as Board member of Amorelie and Conrad Electronic and is currently an active Board member of the Swiss photo products company, Ifolor Group.

In her role as Industry Advisor to KKR, Lea will join the Board of Directors of KKR portfolio company Wella Company, one of the world’s fastest-growing beauty businesses. As a Non-Executive Board Director she will leverage her expertise in developing e-commerce solutions, growing sustainable and innovative consumer and professional brands and supporting the organization on accelerating its overall growth agenda. She will also leverage her deep insights into the DACH consumer market, one of the largest and most relevant markets for Wella Company. Over the last two years since KKR assumed a majority interest of Wella Company, the professional and retail hair, nail and digital beauty tech leader has significantly accelerated its global market share while also investing in making sustainability, diversity, equity and inclusion and social impact central to its mission. Wella Company recently published its first ESG Manifesto as a public pronouncement of its long-term impact plan for People, Planet and Products including reducing its carbon impact, engaging in sustainable manufacturing operations, and innovating its products for clean and green formulation.

Lea-Sophie Cramer, Industry Advisor for KKR, said: “For the past 15 years, I dedicated my energy to building and investing in innovative customer-centric, impact-driven brands in Germanys’ Tech and Start-Up scene. KKR invests in strategic partnerships with founders, entrepreneurs and management teams and supports their companies in realizing their full potential. In this regard, I am very excited to bring in my expertise as an Industry Advisor to KKR and its portfolio companies. It is a great opportunity to be joining the Board of Wella Company and its iconic brand portfolio. I am impressed by the company’s journey under the leadership of CEO Annie Young-Scrivner and look forward to working with her and the entire team.”

Philipp Freise, Partner and Co-Head of European Private Equity at KKR, commented: “We are thrilled to welcome Lea to our team. With her impressive track record as an entrepreneur and her status as a role model for founders across Europe, she brings a wealth of experience to our firm, particularly in the technology sector where we continue to accelerate our activities globally. Lea has repeatedly demonstrated her ability to lead diverse teams and her strong dedication to innovate. We look forward to benefiting from her knowledge as we continue to invest in companies that are driving the digital transformation.”

Laura Schröder, Director at KKR, said: “Lea is a natural fit for an Industry Advisor role at KKR as she compliments our firm’s efforts to accelerate innovation, with her unique entrepreneurial mindset, excellent leadership skills and brand-building expertise. Through her continued advocacy for female entrepreneurship and modern leadership, she has rightfully become one of the leading voices for startups and businesses in Germany.”

KKR is one of the most active investors focused on building leading global technology enterprises, with global tech investments including investments in Cegid, Exact Software, Darktrace, Onestream and Box among others. Across the DACH region, KKR has been investing on the ground for over 20 years primarily through strategic partnership deals such as in Axel Springer, Contabo, Körber’s supply chain business, Scout24 Switzerland and SoftwareOne.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

Media Contacts KKR

Germany

FGS Global

Thea Bichmann

Mobile: +49 172 13 99 761

Email: kkr_germany@fgsglobal.com

  

Jan Reinholz

Mobile: +49 170 925 97 67

Email: kkr_germany@fgsglobal.com

 

 

Categories: People

Cinven announces Partner promotion

Cinven

International private equity firm, Cinven, today announces that it has promoted Juan Monge to Partner with effect from 1 January 2023.

Juan is a member of Cinven’s Strategic Financials Fund (‘SFF’) team and the Financial Services team, and has been involved in a number of transactions, including Cinven’s acquisition of specialty insurance broker Miller, alongside GIC. He joined Cinven in 2020.

Commenting on this promotion, Stuart McAlpine, Managing Partner of Cinven, said:

“I am delighted to announce the promotion of Juan to Partner. Since joining us almost three years ago, he has been a key member of the Financial Services team and driving force in the success of our inaugural SFF. Juan’s commitment and hard work has made a significant contribution to the success of the fund to date and will be instrumental as we continue to make further investments.”

Categories: People

Altor above 10% of the share capital in FLSmidth A/S

We hereby announce that we, Altor Fund Manager AB (“Altor”), on January 19th 2023 have increased our holding of shares in FLSmidth A/S (“FLSmidth”) to 10.5% of the issued and outstanding share capital and voting rights of FLSmidth. The rationale behind Altor’s acquisition of shares is further explained in the press release posted in the morning of January 19th 2023.

Altor controls, through Altor Fund (No.1) AB and Altor Fund V (No. 2) AB, the subsidiary, NewCo December 2022 AS (“NewCo”), who is the direct holder of shares in FLSmidth.

For more information, please contact:

Tor Krusell, Head of Communications, tor.krusell@altor.com, +46 705 43 87 47

Categories: News