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Alliance Pharma Appoints Patrick Bennett as Chief Executive Officer

Ampersand

MALVERN, Pa., April 11, 2022 /PRNewswire/ — Alliance Pharma, a leader in small and large molecule bioanalytical services in the pharmaceutical and biopharmaceutical industry, announces that Patrick Bennett has been named Chief Executive Officer. Bennett has more than 30 years of experience in the industry, including 25 years in leadership roles at various bioanalytical contract research organizations, most recently as Vice President, Strategy and Development at PPD Laboratories. Prior to PPD, Bennett served as the Director of Global Strategic Marketing at ThermoFisher Scientific, and at various executive level positions with Tandem Labs. Frank Li, Founder of Alliance Pharma, is transitioning leadership to Bennett but will remain a key member of the Alliance team and serve as its President and on its Board of Directors. Throughout his career, Patrick has developed broad bioanalytical expertise and established a strong reputation as a leader and innovator in laboratory operations. In his most recent roles, he established biomarker, cell and gene therapy operations, and a state-of-the-art bioanalytical lab in China.

Patrick Bennett CEO Announcement“Alliance will execute an aggressive global growth strategy, and there is no one more timely, skilled, or better suited to lead Alliance than Pat. His operational expertise, global experience, long-term relationship-driven nature, and exceptional communication skills are a perfect fit for Alliance,” explained Dave Patteson, Chairman of the Board at Alliance and a Partner at Ampersand, Alliance’s principal owner.

“Frank Li has founded, built, grown and led an exceptional bioanalytical service offering and team of premier scientists, serving the pharma/biopharma industry. Our vision is to build upon this knowledge and experience, allowing Alliance to fulfill its mission as a complete global bioanalytical service provider for all drug modalities,” Patrick Bennett, New CEO of Alliance Pharma, commented.

About Alliance Pharma

Founded in 2008, Alliance is a contract research organization (CRO) in Malvern, PA just outside of Philadelphia that specializes in advanced bioanalytical research services for both small and large molecule drugs, as well as drug metabolism studies to support pharmaceutical and biotechnology companies’ drug discovery and development programs. Alliance’s mission is to build a trusted partnership with our clients to support their successful drug development programs. Our business philosophy is based on a foundation of trust, professional ethics, scientific excellence and regulatory compliance. http://www.alliancepharmaco.com/

About Ampersand Capital Partners

Founded in 1988, Ampersand is a middle market private equity firm with more than $2 billion of assets under management dedicated to growth-oriented investments in the healthcare sector. With offices in Boston and Amsterdam, Ampersand leverages its unique blend of private equity and operating experience to build value and drive superior long-term performance alongside its portfolio company management teams. Ampersand has helped build numerous market-leading companies across each of the firm’s core healthcare sectors. Additional information about Ampersand is available at ampersandcapital.com.

Categories: People

CapMan Real Estate leases unique office space to Boston Consulting Group in Copenhagen

CapMan Real Estate press release
8 April 2022 at 9:00 a.m. EEST

CapMan Real Estate leases unique office space to Boston Consulting Group in Copenhagen

CapMan Nordic Real Estate II fund has signed a long-term lease for approx. 10,000 sqm of refurbished office space and historic basement with Boston Consulting Group Denmark (BCG), a leading global management consulting firm.

The fund acquired the iconic Red Warehouse building located in Carlsberg Byen in Copenhagen in 2019. The 140-year-old building, originally used as a storage and brewery for Carlsberg, is undergoing a complete transformation into high-end office premises. When finalised, the property will combine the original structure and atmosphere of the building with contemporary sought-after elements and features, such as plenty of natural light and a roof terrace.

“It has been quite the privilege to be involved in the work with transforming this unique building into a modern office while still ensuring the preservation of the values and history from the old building. We have had an overwhelming tenant interest for this property and are very happy with having now signed a lease with BCG, whom we believe the building will be a very good fit for. A special thanks to BCG and all advisors on their side that have been part of this process and made this possible. On our side we have worked very close together with Ulrik Larsen from Revco, Steen Niebling from SN consult and Mikkel Westfall and his team of architects. They all deserve a lot of credit to make this possible,” says Peter Gill, Partner and Head of CapMan Real Estate Denmark.

The office space covers 6,000 sqm over three floors and in addition BCG will be occupying approx. 4,000 sqm of historic basement space. These rooms, complete with vaulted ceilings, were originally used as cold storage for ingredients used in beer production and are an integrated part of the original basement that runs under the old section of Carlberg Byen.

“This basement space conveys the vibrant history of the building and the entire Carlsberg Byen area and holds as such special significance for both us and for the tenant,” concludes Gill.

CapMan expects that the conversion will be completed during the second quarter of 2023 with the new tenants scheduled to move in in June 2023.

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

For more information, please contact:

Peter Gill, Partner, Head of CapMan Real Estate Denmark, +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. 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 160 professionals in Helsinki, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001.

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Beerenberg Services acquires Remotion

Segula

Beerenberg Services acquires Remotion

Beerenberg strengthens its position as a provider of cost efficient technological and sustainable surface maintenance solutions through the acquisition of Remotion. Established in 2014, Remotion is a substantial provider of technology and world leading supplier of magnetic remote-controlled vehicles for offshore splash zone operations. Over the years the technology has been further developed within the area of Fabric Maintenance where the robotic solutions assist the industry to become more sustainable, safer for both personnel and the environment.

 “With Remotion on board, we will further develop our surface maintenance services along with our clients’ expectations. As society moves faster towards net-zero emissions, Beerenberg aims to be a partner on that journey through investing in people, sustainability and technology. The use of robotics and modern technologies in industrial insulation and surface maintenance are just a few examples of how we work to reduce our carbon footprint. Remotion has an extensive record of accomplishment and a great culture that fits well with Beerenberg” says Arild Apelthun, CEO of Beerenberg.

“We are excited to be part of Beerenberg to leverage our joint base of expertise and experience to develop our technology jointly further. We know each other well from working together on many successful fabric maintenance projects, says Morten K. Urrang, the Founder and Managing Director of Remotion.

Beerenberg Services is one of the leading suppliers of maintenance and modifications services on the Norwegian Continental Shelf as well as a global provider of insulating products. Headquartered in Bergen, Beerenberg has offices in Stavanger and Skien in Norway and in Poland, South-Korea, Thailand, and Singapore.

For further information, please visit www.beerenberg.com or contact:

Sebastian Ehrnrooth, Chairman, Segulah Advisor AB
+46 73 360 42 05, ehrnrooth@segulah.se

Arild Apelthun, CEO, Beerenberg
+47 918 19 265, arild.apelthun@beerenberg.com

Morten K. Urrang, Managing Director, Remotion
+47 971 31 401, morten.urrang@remotion.no

Categories: News

Ferd brings its direct investments in stock exchange listed companies together under Ferd Capital

Ferd

As we continue to develop Ferd, we are moving towards a larger proportion of the group being concerned with active ownership and proximity to value creation at both individual companies and real estate projects. This approach to our activities supports our vision well, and Ferd’s comparative advantages facilitate robust long-term value creation through active ownership of attractive companies and projects.

Internally, we are now taking further steps to become stronger as an active owner of stock exchange listed companies. It has been decided that Ferd Invest’s financial equity portfolio will be discontinued and that the group’s direct investments in stock exchange listed companies will be brought together under Ferd Capital. Our ambition is to further develop this part of Ferd Capital in the time ahead, and the change will mean that we focus our resources, expertise and capital in a single strategic direction.

Categories: News

Ardian launches first open-ended fund dedicated to the energy transition

The Ardian Clean Energy Evergreen Fund (ACEEF) is targeting €1 billion for its first investment cycle. As an Article 9 fund under the EU’s SFDR, it is a permanent, long-term investment platform entirely dedicated to financing clean energy.

Ardian, a world-leading private investment house, today announces the launch of a new open-ended fund – Ardian Clean Energy Evergreen Fund (ACEEF).

The fund is Ardian Infrastructure’s first evergreen fund, offering investors the opportunity to grow their exposure to renewables and the energy transition. It is an Article 9 fund under the EU’s Sustainable Finance Disclosure Regulation (SFDR) and therefore meets the highest social and environmental standards in Europe.

More than half of its €1bn target has already been invested in a seed portfolio of 12 wind and solar assets, totaling 1 GW of capacity in Europe and the Americas. The fund will continue to target mature renewable technologies including solar, wind and hydroelectric, as well as emerging technologies such as biogas, biomass, storage, and energy efficiency. The strategy is focused on operational optimization to maximize value creation. The fund targets up to €150m per individual investment.

The AXA Group is the cornerstone investor of ACEEF, and this partnership perfectly aligns with AXA’s ambition to fight climate change by financing the energy transition. As an open-ended structure, the fund will provide a permanent solution to Ardian’s clients to support renewable energy as part of Ardian’s wider energy transition strategy. The launch of ACEEF follows the creation of Hy24, the world’s largest investment platform focused on clean hydrogen.

ACEEF portfolio will also benefit from Opta, Ardian Infrastructure’s in house digital tool which collects and analyses data from its renewable assets. The platform uses this data to better understand production patterns, identify areas for improvement and optimize asset performance, as well as monitoring revenues at risk.

“ACEEF is a new innovative step to provide long term capital to accelerate the energy transition. The fund, managed by a highly qualified team with a track record spanning 15 years and a large network of industrial experts, offers to our clients a unique platform to operate in the renewable energy sector with an industrial approach. Ardian’s strategy to accelerate the energy transition is more relevant than ever to fight climate change and to contribute to energy independence.” Mathias Burghardt, Head of Ardian Infrastructure and Member of Ardian’s Executive Commitee

Ardian has been one of the pioneers in energy transition, having started investing in the renewable asset class since 2007. Across all Ardian Infrastructure Funds, the team already manages more than 7.6GW of heat and renewable energy capacity in Europe and the Americas.

In the coming months, Ardian’s expertise will be further strengthened by the arrival of a new Managing Director from the renewables industry, who will be dedicated to the clean energy platform.

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$125 billion 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 850 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 1,200 clients through five pillars of investment expertise: Secondaries, Direct Funds, Infrastructure, Real Estate and Private Debt.

www.ardian.com

Media contacts

ARDIAN

HEADLAND CONSULTANCY

ardian@headlandconsultancy.com

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AURELIUS completes acquisition of Lloydspharmacy’s parent company, Mckesson UK

Aurelius Capital

Luxembourg/London, April 07, 2022 – AURELIUS is pleased to announce that it has successfully closed the acquisition of McKesson UK. McKesson UK is the parent company of a number of market leading healthcare businesses including LloydsPharmacy, John Bell & Croyden and AAH Pharmaceuticals. This landmark deal marks the fifth completed transaction in less than a year under AURELIUS’ co-investment structure.

McKesson UK comprises four divisions and holds a substantial market share across each vertical: retail, digital, homecare and wholesale. McKesson UK’s success has been underpinned by its strong LloydsPharmacy brand, its loyal customer base and its leading commercial footprint across wholesale pharmaceuticals. Over recent years, the company has benefited from the introduction of additional services delivered across its more than 1,300 pharmacies, a growing digital offering and the ability to support the increasing trend of primary care being delivered to patients in their home.

AURELIUS will ensure a smooth transition as McKesson UK separates from its former US-based parent company, McKesson Corporation. Furthermore, AURELIUS will seek to leverage McKesson UK’s established market positions to maximise the opportunities available within each division.

AURELIUS was advised by Rothschild & Co. (Corporate Finance), PwC and FRP (Financial), Interpath (Tax), Mayer Brown and DLA (Legal), Cardano (Pensions), Kearney (IT) and Mansfield (Commercial).

Categories: News

Gimv announces the creation of Olyn group, leader in omnichannel customer engagement

GIMV

Topic: Investment

Gimv invests in a newly created performance-based digital marketing group focused on omnichannel customer engagement, named Olyn. As brands have become increasingly digital and consumers have made omnichannel purchasing part of their regular shopping behaviour, Olyn provides solutions to increase sales through the acquisition, conversion and reactivation of prospects. The group relies on a strong expertise in data, content creation and customer experience.

Paris, 7 April 2022 – Supported by Gimv, Christophe Bessac (CEO of Olyn Group), Léo Hauet and Kilian Le Menestrel (co-CEO’s of hipto), Harrys Melki (CEO of Avent Media Group) and David Levy (CEO of Skaze) join forces to build a leader in customer engagement and qualified lead generation. Olyn offers a differentiating model with a strong alignment of collective interests: entrepreneur keeps on managing his or her company while benefiting  from the value created by sharing resources and talents at group level.

The first four companies composing Olyn are:

  • hipto, a conversociads© lead generation solution,
  • Avent Media, a leader in customer acquisition, traffic generation and CRM solutions,
  • Skaze, a multi-channel programmatic trading desk,
  • Influens Network, a digital agency for influencers.

With a turnover of over EUR 35 million achieved with more than 350 clients in Europe, and relying on the expertise of 100 talented employees, the Olyn group has a strong ambition for both organic growth and acquisitions in France and abroad.

From 2022 onwards, Olyn will pursue its acquisition strategy by attracting new carefully selected companies. Newcomers will demonstrate strong potential and bring complementary offers and expertise in terms of new acquisition channels or new levers to improve the conversion rate of personalised marketing campains. Discussions are ongoing with several potential targets.

Christophe Bessac, CEO of Olyn, said: “The Olyn group was born out of the conviction that, as the digital marketing market started to consolidate, entrepreneurs would be looking for an ambitious and structured project that would meet the challenges of brands developing their omnichannel sales. I am delighted to partner with such talented entrepreneurs as Léo, Kilian, Harrys and David. Together with Gimv, the group aims to become a major player in customer engagement by accelerating organic growth, recruiting around 100 new employees over the next 18 months, and pursuing our strategy to acquire new companies positioned in complementary business offerings.”

Harrys Melki, CEO of Avent Media Group, added: “I am delighted to partner with Christophe, hipto and Gimv in this new development stage, which will allow us to carry out this beautiful project we have dreamed of. Joining Olyn gives us increased means to continue to innovate and to offer our customers the most relevant, creative and efficient solutions. I would like to thank my team and my customers for placing their trust in us on a daily basis for the past 15 years.”

Léo Hauet and Kilian Le Menestrel, co-CEOs of hipto, said: “After having created a pioneering lead generation solution in France, our goal is to accelerate our international development. The Olyn project, based on committed entrepreneurs, experienced managers and an investment company, allows us to face the future with confidence and ambition, relying on a structured group, while keeping our entrepreneurial agility. Being part of Olyn alongside Christophe, Avent Media Group and Gimv, also enables us to pool our expertise and to offer our clients complementary solutions on the customer engagement value chain with performance-based models. “

David Levy, CEO of Skaze, adds : “Omnichannel and hyper-personalisation are at the heart of Skaze’s DNA. This is a new dynamic that is emerging thanks to Gimv, Christophe, Léo and Kilian, with the ambition to accelerate innovation and creativity in our digital marketing solutions. We are proud with Harrys to link up with partners who share the same objectives and the same human values and expertise.”

Guillaume Bardy, Partner at Gimv, concludes: “It is a great pleasure for Gimv to support so many entrepreneurs combining talent, ambition and expertise in the creation of the Olyn group. The roadmap shared with our new partners is clear: to make Olyn a leading omnichannel customer engagement group, through ambitious organic growth in France and internationally and by attracting new talented entrepreneurs with complementary expertise. Accompanying entrepreneurs in this differentiating and ambitious project combining organic growth and acquisitions is perfectly in line with Gimv’s mission as an investor. Moreover, Olyn fits perfectly within our Consumer investment platform, whose investment themes are embedded into digital and D2C strategies of brands.”

 

Read the full document

English – French – Dutch
 

Gimv

Karel Oomsstraat 37, 2018 Antwerpen, Belgium

www.gimv.com

Categories: News

Technology & Strategy merges Intys Partners and pursues further growth, with support of Ardian

Ardian

Technology & Strategy (T&S), the European specialist in technology consulting, announces that it has merged Intys Partners, one of the leading Belgian consulting firms in operations management and digital transformation, formerly held by Omnes.

With the support of Ardian’s Expansion team, T&S is positioned at the forefront of the European consulting and engineering industry.

Founded in 2008, T&S has established itself as a specialist in engineering, digital and project management consulting, with recognized expertise in embedded systems. The company has experienced very strong growth of more than 20% every year, both organically and externally. The merger with Intys Partners, a European firm recognized as a major partner in management consulting with more than 450 employees, is a new step for T&S in its “scale up 2024” plan. It aims to create a one-stop-shop for clients to access the best combination of specialists for their technological transformation.

The combined group will count more than 2,400 employees and show strong expertise, sector and geographic complementarities.

It is now a leading consulting firm, offering expertise in three primary areas: engineering consulting, digital consulting, and operational performance consulting. The geographical footprint is strongly reinforced in the Benelux and now extends from Europe (France, Switzerland, Germany, Benelux) to Asia (Hong Kong, Singapore).

As a multi-specialist player in high-growth niche markets, the merger with Intys Partners will enable the group to strengthen its sector expertise in Healthcare, which now represents 13% of combined revenues.

Attracting new talent – an essential pillar to the Group’s strategy – will be strengthened by offering opportunities for career growth and opportunities to work abroad.

Globally, new synergies resulting from the integration of Intys Partners will enable T&S group to develop around strong brands which are better able to serve clients.

“Intys is above all a meeting with a manager and a company with a similar history to the one of T&S. The strong complementarity of our offers, our businesses and above all of our people will enable us to achieve our common ambition of going further, stronger, together. ” Jérémie Huss, Co-Founder and CEO of T&S Group

“Recently, one of our major clients told me: “Intys, we greatly appreciate your ability to understand our business, but also the innovative way you look at our projects. The question I want to ask you is, when will you be ready to deliver the same level of quality not only in Belgium, but also further abroad?” Today, with this merger, I am convinced that we are ready. “ Philippe Metz, CEO of Intys

“Supporting high-growth, ambitious companies looking to expand outside their home market is at the heart of our investment philosophy. We are pleased to support the management of T&S in this new stage of development, which confirms the group’s abilitý to continue its growth while participating in the consolidation of the sector.” Marie Arnaud-Battandier, Managing Director Ardian Expansion

List of Participants

  • Technology & Strategy:

    • Jérémie Huss, Fabrice Tricaud

  • Intys Partners:

    • Philippe Metz, Michel Van Hemele, Katrien De Both

  • Ardian Expansion:

    • Marie Arnaud-Battandier, Arthur de Salins, Thomas Grétéré

  • Buyer Legal advisors:

    • CMS (Arnaud Van Oekel, David Prync, Candice Kunkera)

  • Tax structuring:

    • CMS (Olivier Querinjean), Delaby & Dorison (Emmanuel Delaby, Florian Tumoine, Guillaume Lacombe)

  • Buyer financing advisors:

    • Latham & Watkins (Michel Houdayer, Aurélie Buchinet, Matthieu Herviaux)

  • Buyer M&A advisors:

    • Houlihan Lokey (Sara Napolitano, Gary Kurtz, Zaid Lahsiba)

  • Commercial Due Diligence:

    • Roland Berger (Grégoire Tondreau, Benjamin Verhelst)

  • Financial Due Diligence:

    • 8 Advisory (Philippe Fimmers, Margot De Vylder, Florent Garnier, Pierre-David Forterre, Alain Kabera)

  • Legal, Tax and Social Due Diligence:

    • CMS (Arnaud Van Oekel, Benoit Gomel, David Prync, Candice Kunkera)

  • Omnes :

    • Stéphane Roussilhe, Jess Wizman, Céleste Lauriot Dit Prevost

  • Seller Legal advisors :

    • Hoche Avocats (Grine Lahreche, Sophie Millet)

  • Management Legal advisors:

    • Liedekerke (Damien Conem, Charline Cogels)

ABOUT TECHNOLOGY & STRATEGY

Technology & Strategy is a company created in 2008. Specialized in Engineering, IT, Digital and Project Management, T&S supports its customers on innovative development projects. T&S also has an integrated design office to meet the requirements of the market.
Human oriented, and definitely focused on excellence, T&S is a company that shares its expertise with a constant concern for transparency. Technology & Strategy has been able to build trusting relationships with major clients in the industrial, automotive and financial sectors.
International, with a Franco-German DNA, T&S defends an entrepreneurial model supported by its 2000 employees, composed of 30 nationalities spread over 16 agencies and 7 countries (France, Germany, Switzerland, Belgium, United Kingdom, Singapore, Hong Kong).

www.technologyandstrategy.group

ABOUT INTYS PARTNERS

Created in 2007, Intys now has more than 450 employees in 3 countries, with a strong base in Belgium. The company is recognized as a major consulting partner, particularly in the support and operationalization of strategies.
Its activities are structured around business expertise through 6 brands. Intys Consulting, Intys FSA and Univers Retail in Management Consulting, and Intys Data, Agir, and Vadis Technologies in Technology Consulting. This organization allows the development of an in-depth knowledge of both the sectors and the businesses of its clients, but also the sharing of best practices in terms of strategy execution.
Its ambition is to be a partner of choice for its customers and employees, to maintain its level of operational excellence, but also to have a stronger European footprint, even on other continents.

www.intyspartners.eu

ABOUT ARDIAN

Ardian is one of the world’s leading private equity firms with $125 billion under management and/or advisory in Europe, the Americas and Asia. The company, majority owned by its employees, has always placed entrepreneurship at the heart of its approach and offers its international investors top-tier performance.
Through its commitment to sharing the value created with all stakeholders, Ardian contributes to the growth of companies and economies around the world.
Building on its values of excellence, loyalty and entrepreneurship, Ardian has an international network of over 850 employees in 15 offices in Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco), South America (Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). The firm manages funds for 1,200 clients through its five investment pillars: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

www.ardian.com

Media Contacts

TECHNOLOGY & STRATEGY

Mickael Brandstetter

m.brandstetter@technologyandstrategy.com  

INTYS PARTNERS

Philippe Metz

philippe.metz@intys.eu  

ARDIAN

HEADLAND

ardian@headlandconsultancy.com

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3i announces the sale of QSR to Datwyler for $625m

3I

3i Group plc (“3i”) today announces that it has agreed to the sale of Q Holding’s QSR division, a leading developer and manufacturer of electrical connector seals, to Datwyler, a leading provider of high-quality, system-critical elastomeric components.

Proceeds from the sale of QSR will be used to retire the Q loan facility and return substantial capital to 3i and other investors. Following the transaction, Q Holding will consist of the current Q Medical Devices business, a leader in the production of outsourced medical devices for the cardiovascular and endosurgical markets, as well as critical silicone and other elastomeric components for the medical device and pharmaceutical markets.

Headquartered in Ohio, United States, with operations in North America and Asia, QSR’s sealing technologies offer world class and mission-critical solutions designed to safeguard electrical connections in the harshest environments such as mobility, industrial and aerospace settings. QSR’s products support a greener, safer and more connected world and are widely adopted in electric vehicles, autonomous driving applications and connectivity applications. QSR has unmatched material science, tooling, product engineering and process technology, and a history dating back to 1966.

3i invested in QSR parent Q Holding in 2014 and during its ownership has invested significantly to build and expand QSR’s manufacturing footprint in Mexico and China, grow QSR’s capabilities serving fast-growing markets such as high voltage EV applications, and support deployment of best-in-class manufacturing solutions to deliver the highest quality products to QSR’s customers.

Rich Relyea, Partner, 3i, commented: “QSR’s offering and expertise are unmatched and we are proud to have supported the tremendous QSR leadership team in executing its strategy. The Company has achieved significant growth globally, has provided its industry-leading customers with advanced solutions for exciting markets such as the electric and hybrid-electric vehicle industry, and has created a pathway for continued future growth for its new owner. We are simultaneously excited to continue our partnership with Mauricio and the rest of the Q team in expanding Q Medical’s world-class offerings to the high-growth global medical device industry.”

Mauricio Arellano, CEO, Q Holding, added: “We are incredibly proud of the business we have built and the quality of the team we have assembled to serve our customers. We are confident QSR’s team, capabilities and expertise will be a strong fit with Datwyler and we are looking forward to taking the next step in Q’s development with our partners at 3i.”

The transaction is expected to complete in Q2 2022, subject to customary antitrust approvals.

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Straco acquires stake in staffing group LPC

Straco

Straco acquires a majority shareholding in LPC next to the founders and management. Labour Power Company (LPC) is a fast-growing group in the Netherlands active in staffing international flex workers and is specialised in amongst others the food, logistics, e-commerce and technical industries. Straco, a Belgian family investment firm focused on the long term, has a proven track record in the staffing sector and fully subscribes to the ambitious buy & build strategy of LPC. The investment by Straco will enable LPC to accelerate the realization of its ambitious growth plan.

 

LPC, consisting of seven independent staffing labels, is active in amongst others the aforementioned industries and realizes annual revenues of approximately 300 million euros. Over 10,000 people are employed on a daily basis via one of LPC’s labels. Each company within LPC has a very dedicated team to deliver, day in and day out, the best result possible for its customers and its flex workers, whereby fun at work and good employership are top of mind. With Straco on board, LPC is set to realize its growth ambitions through further acquisitions in the staffing sector. LPC is specifically looking for staffing companies that are complementary, deliver quality and take the utmost care of its flex workers.

 

In the vision of LPC, flexible labour has become essential as a result of further internationalisation, aging, increased mobility and an increased average educational attainment. As a consequence of these macro trends, a structural labour shortage exists and the flexible layer forms an integral part of the Dutch labour market. LPC anticipates to this by offering all specializations to optimally service its clients. HR advice, own recruitment (domestically and abroad), brokage function, in-house constructions and career development of employees, including people at a distance to the labour market, are some of the activities that LPC offers its clients.

 

Cor Konings, CEO of LPC: “LPC has grown incredibly fast and I am proud of all people within LPC that have made this possible. I am looking forward to the future of LPC with Straco and the continuation of our relations with existing shareholders and stakeholders. Our investors understand the sector, our company and fully support our strategy to grow LPC as a high-quality player towards revenues of more than 500 million euros.”

 

Maarten Peers, Managing Director of Straco Private Equity: “We are very much impressed by the recent successes of LPC and the way they prove, again and again, to prioritize the interests of both flex workers and clients. Although some of Straco’s existing portfolio companies are already active in the Netherlands, LPC marks our first investment that is fully oriented on the Netherlands. With our new team in Amsterdam, led by Emile van Elen, the promising partnership with LPC marks an important milestone for us.”

 

Further transaction details are not disclosed.

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