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Nordic Capital invests in Autocirc, an industry leader with a circular business model for recycled automotive spare parts

Nordic Capital to support growth acceleration and European expansion

Nordic Capital has entered into an agreement to acquire Autocirc, a leader in the automotive aftermarket with a circular business model built on a closed-loop eco-system for reused and recycled automotive original spare parts, from the Nordic sustainable investment fund Alder. The investment is made in partnership with Autocirc’s founders Johan Livered and Mattias Pettersson and aims to accelerate the company’s growth plans and further strengthen its circular offering with a mission to significantly reduce CO2 emissions in the automotive aftermarket industry.

Autocirc is a fast-growing and profitable leader in the automotive aftermarket industry, offering high-quality reused original spare parts to insurers, workshops and car owners. Extending the lifecycle of auto parts significantly reduces costs for insurers and end-customers while at the same time contributing to significant climate savings by lowering carbon emissions with up to 75 percent. The European demand for spare parts is high, and Autocirc’s business model reuses more car parts and revives leftover materials with a clear benefit to the environment. Autocirc is based in Borås, Sweden, and has seen rapid growth supported by 37 acquisitions since inception and has c. 570 employees. The company’s turnover is c. SEK 1.2 bn as of September 2022 and is present in Sweden, Norway, Finland and the UK.

Nordic Capital invests in Autocirc alongside the founders Johan Livered and Mattias Pettersson and management team, to support the company in the next phase of its growth journey to create increasing circular effects at a growing scale. Nordic Capital is an active owner with deep experience in growing industrial and business services companies, and the acquisition of Autocirc follows the well-proven strategy of supporting leading companies through growth acceleration.

Joakim Andreasson, Managing Director, Nordic Capital Advisors, says: “Autocirc is a green pioneer in the automotive aftermarket industry, offering sustainable aftermarket services that significantly reduces emissions and climate impact while providing exceptional value to its customers. We have followed Autocirc for a long time and are very impressed by the founders and the management team who have built a very strong platform with great potential for further expansion in existing and new geographies. Autocirc fits perfectly into Nordic Capital’s strategy to build sustainable, first-class companies with great growth potential, and we look forward to supporting Autocirc with expertise, resources and broad external network”.

Johan Livered, CEO of Autocirc, says: “We are very proud of Autocirc’s growth over the past years and we are excited to enter into a partnership with Nordic Capital as one of the leading European private equity investors with strong international reach and an impressive track record of successful growth acceleration in the industrial and business services sectors. We look forward to further accelerating our journey to truly create a sustainable European leader, with great potential in expanding our offering, both in existing and new markets and across the entire value chain. We have had a tremendous development in recent years and look forward to the next chapter together with Nordic Capital”.

Completion of the transaction is expected to occur in Q1 2023 and is subject to customary closing conditions, including relevant regulatory approvals.

Media contacts:

Nordic Capital
Katarina Janerud, Communications Manager
Nordic Capital Advisors
Tel: +46 8 440 50 50
e-mail: katarina.janerud@nordiccapital.com

Autocirc
Johan Livered, CEO
Tel: +46 727 164 666
e-mail: johan.livered@autocirc.com

About Nordic Capital

Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested close to EUR 22 billion in 130 investments. The most recent fund is Nordic Capital Fund XI with EUR 9 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland and Norway. For further information about Nordic Capital, please visit www.nordiccapital.com.

“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”

About Autocirc

Autocirc is a Nordic group that offers reused and recycled spare parts to the automotive industry. The company’s operations are based on the circular economy model where car parts and materials can be used longer, which means a competitive advantage and major positive effects for the environment. Autocirc was founded in 2019 and has since grown significantly both organically and through acquisitions in Northern Europe. The company’s turnover is c. SEK 1.2 bn as of September 2022 and has a presence in Sweden, Norway, Finland and the UK. The head office is located in Borås in Sweden and there is a total of c. 570 employees in the group. For further information about Autocirc, please visit autocirc.com

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Ardian and Mubadala Capital announce US$2.1 billion private equity partnership transaction

Ardian

15 December 2022 Secondaries & Primaries USA, NEW YORK

Transaction builds on a long-standing relationship between the two organizations

Ardian, a world-leading private investment house, and Mubadala Capital, the asset management arm of Mubadala Investment Company, today announced a new partnership that will see Ardian invest in a portfolio of high-quality private equity assets managed by Mubadala Capital, and in parallel Ardian will make a primary commitment to Mubadala Capital’s Private Equity funds.

Ardian and Mubadala Capital have built a strong relationship since forming a successful initial partnership in 2017, a milestone transaction that established Mubadala Capital as a third-party asset manager and represented the first time a sovereign wealth fund has managed capital on behalf of institutional investors.

As part of this latest transaction, Ardian and Mubadala Capital curated a portfolio of ten limited partnership interests with a leading group of General Partners predominantly in North America and Europe, as well as six high-quality direct investments. All of the assets in the new portfolio were previously held on Mubadala Capital’s balance sheet following a successful spin-off from Mubadala Investment Company in 2021.

Mubadala Capital’s private equity strategy focuses on direct investments in North America and Europe in core sectors where the team has a strong network and track record, including media, sports and entertainment, consumer and food services, financial services and business services.

“This transaction is the culmination of a highly collaborative and close working relationship with Mubadala Capital over the past five years. They are a well-respected team with an established track record, and this latest transaction is indicative of the importance we place on being a valuable long-term partner.” Mark Benedetti, Member of the Ardian Executive Committee and Co-Head of Ardian US

“We are proud to once again partner with a leading firm such as Ardian, with whom we have now been successfully working with for over five years and value the partnership tremendously. This transaction is a significant vote of confidence in our ability to create value for our investors and partners by executing against our strategy and differentiated approach to the private equity market.” Hani Barhoush, Managing Director and CEO of Mubadala Capital

Evercore acted as exclusive financial advisor to Mubadala Capital on this transaction.

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 and family offices 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 990+ 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.

www.ardian.com

ABOUT MUBADALA CAPITAL

Mubadala Capital is the wholly owned asset management subsidiary of Mubadala Investment Company, a $284 billion global sovereign investor headquartered in Abu Dhabi. Mubadala Capital manages c. $17 billion in aggregate across its own balance sheet investments and in third-party capital vehicles on behalf of institutional investors, including four private equity funds, three early-stage venture funds and two funds in Brazil focused on special situations. The growth of Mubadala Capital as a global asset management firm with headquarters in Abu Dhabi and a focus on international investment activities is a further testament of Mubadala Investment Company’s entrepreneurial approach to business building and a continued diversification away from a reliance on natural resources.

mubadalacapital.ae

Press contacts

ARDIAN

THE NEIBART GROUP Emma Murphy

ardian@neibartgroup.com  

MUBADALA CAPITAL

Salam Kitmitto

sakitmitto@mubadala.ae +971 50 276 9286

Categories: News

GBC Gruppe acquires IT system software integrator Maxxys

GBC Gruppe entered into an agreement to acquire Maxxys. The acquisition is the third in GBC’s buy and build story and added a managed services provider with a focus on infrastructure and security managed services to the group.

Pride Capital Partners continues to support GBC’s buy and build strategy. The investment will enable GBC on its path to building a leading IT managed services group in the market with a clear focus on added customer value and the creation of a preferred place to work for talents.

Maxxys is founded in 2002 and is located in Butzbach, Germany. The company offers services and consulting for endpoint management, service management, security, operation and automation. The product portfolio consists of well-known software solutions such as USU, DriveLock and invanti, thereby serving large blue chip customer base.

According to Pascal Bechtel (CEO GBC Gruppe) , this acquisition fits in the ambitions of the organization: “We are pleased to embark on this joint path with Maxxys, as we will be able to significantly expand our expertise in the area of security and operations and provide our customers with a broader portfolio.”

Bernhard Bock, CEO of Maxxys, will stay on board to support future growth: “We want to take Maxxys AG to the next level to support SMEs even better with the expert team of the entire GBC Group. The merger allows us to expand and broaden our business. We look forward to leveraging synergies for the benefit of our customers.”

Lars van ‘t Hoenderdaal, Managing Partner Pride Capital Partners, likes to emphasize that “GBC management is able to build a strong managed service group in the DACH region with a profitable and recurring business model. We are enthusiastic in supporting GBC in this strategic acquisition, as well as future acquisitions”.

Pride Capital Partners

Pride Capital Partners invests into growing companies in Software and IT services. By combining private debt and equity, Pride Capital Partners enables entrepreneurs to realize growth ambitions with a flexible capital solution. Typical scenarios include growth, acquisitions, and management buyout transactions. The focus is on companies in the Benelux, DACH region and Nordics. Pride Capital Partners has offices in Amsterdam, Cologne, Frankfurt and per 2023 also in Copenhagen.

Pride Capital Partners’ resources have been made available by shareholders, institutional investors, wealthy individuals, family offices and (former)entrepreneurs. The current portfolio includes Benelux companies Blue Field Agency, Spotzer Digital, Fivespark, Fairbanks, Netaxis, ScanmarQED, Archipel, Matrixian and Dileoz, as well as DACH companies Wagawin, GBC Gruppe, Architrave, Kendox, moveXM, eKomi, Talentsconnect and Link11.

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tepeo raises £10.5 million to transform the way homes are heated

BGF

tepeo, the British designer of the Zero Emission Boiler (ZEB®), has secured £10.5 million in funding to fuel the next stage of the company’s growth and bring it a step closer to its ambition of transforming the way homes are heated.

BGF is leading the round and is joined by tepeo’s existing investors Clean Growth Fund (CGF), Bonheur and Renewable Environmental Investments Ltd, all backing the future of clean, green and affordable home heating.

tepeo’s patented ZEB is a direct plug-n-play replacement for a gas, oil, LPG or electric boiler, and is a low carbon alternative without compromising on performance. Instead of relying on fossil fuels, its proprietary technology is powered by electricity and works like a battery to store heat efficiently until it is needed.

At present, 17% of all UK carbon emissions come from heating our homes. For most people this means that their homes present one of the easiest ways to reduce their carbon emissions significantly. Reducing this figure is a key component in addressing the climate crisis and meeting the UK’s ambitious carbon reduction targets by 2035.

The benefits of a ZEB stretch beyond carbon reduction, tackling local air pollution by eliminating the emission of particulates and other pollutants from domestic boilers. ZEBs have been designed to provide Demand Side Response (DSR) and flexibility services such as frequency response to Distribution Network Operators and National Grid, thereby supporting the needs of an increasingly low carbon electricity grid.

The funding will enable the British firm to develop its Wokingham head office, growing its production, R&D, assembly and commercial teams, as well as expanding sales across the UK. The goal is to decarbonise domestic heating and provide grid stability services that will support the deployment of further renewable generation across the national grid.

Johan du Plessis, founder and CEO of tepeo, said: “In the last twelve months we have launched our first ZEB and received an overwhelming amount of interest from consumers. We’ve tripled the size of the business and built a solid foundation for scale. This investment from BGF and our existing investors will enable us to scale-up our manufacturing and commercial operations, to offer ZEBs to more and more people across the UK and to start making meaningful progress on decarbonising heating. A ZEB is a simple, low carbon, plug ‘n’ play boiler replacement for consumers and will increasingly play a critical role in reducing the cost of the energy transition and stabilising the electricity networks. This funding is a clear vote of confidence in the enormous size of the opportunity ahead of us and our plans for expansion in order to address it.”

Dennis Atkinson, investor at BGF, said: “We are excited to be investing in tepeo, and in doing so, supporting the UK transition to a low carbon economy. Tepeo is at the forefront of the urgent activity being undertaken to reduce emissions from households and their innovative technology has an important role to play in the electrification of heating. tepeo’s ability to store and discharge heat in a cost-effective manner will also prove crucial in delivering this transition in an efficient way, at a time when energy costs are of crucial importance to consumers.  We look forward to working with Johan and his talented team and supporting tepeo to achieve its full growth potential.”

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DataVisor Announces $40 Million Strategic Growth Investment Led by Brighton Park Capital

Brighton Park Capital

New Funding Will Accelerate Global Go-to-Market Strategy and Increase Platform Scale

Mountain View, CA, December 14, 2022 – DataVisor, a US company and a global leader in online fraud detection and risk management software for financial services and digital commerce, today announced that it has secured a $40 million strategic growth investment led by Brighton Park Capital (“Brighton Park”), an investment firm that specializes in collaborating with software, healthcare, and tech-enabled services businesses. All major existing investors, including NewView Capital and GSR Ventures, also participated. The new capital will accelerate DataVisor’s global go-to-market strategy and drive further expansion at scale.

Founded by Yinglian Xie, PhD and Fang Yu, PhD, who met while working on large-scale distributed systems at Microsoft, DataVisor’s Fraud and Risk Platform applies both business-specific rules and machine learning models to help users proactively identify fraudulent patterns and potential areas of vulnerability with high detection accuracy. Unlike signals, or single use-case point solutions, DataVisor’s holistic platform approach addresses risk at every touchpoint in the customer journey, helping fraud leaders, business users, and data analysts across the organization dramatically reduce fraud and friction. DataVisor has rapidly grown its diverse customer base to include many Fortune 500 financial services and e-commerce organizations globally, including DCI, NASA Federal Credit Union, Neo Financial, Galileo Financial Technologies, and Air Asia, and experienced 3x ARR growth in FY22.

“Digital innovation is not just transforming how consumers transact, but also how fraudsters leverage technology to identify and exploit exposures to data,” said Yinglian Xie, CEO and Co-Founder of DataVisor. “Businesses today need access to advanced technology to counter these sophisticated fraudsters, and to do so in a cost-effective manner. DataVisor’s platform approach allows organizations to adopt a cutting-edge fraud management solution that is effective, efficient, and delivers instant ROI.”

Xie continued, “Since founding DataVisor in 2013, our team has been keenly focused on developing a best-in-class platform that meets the holistic and comprehensive needs of customers around the world. Now is the right time to further scale our platform through a strong go-to market strategy, which is why we are thrilled to be partnering with Brighton Park. Their team of investment professionals not only has significant expertise in enterprise SaaS and fintech, but also broad industry connections and deep experience executing B2B and go-to-market strategies.”

“The proliferation of online financial services has been accompanied by an increase in frequency, scale, and success rate of fraudulent activity. As fraudsters have become more sophisticated, single use-case and rules-based systems are no longer working, and most AI-based fraud detection tools are not built for enterprise scale,” said Tim Drager, Principal at Brighton Park. “Yinglian and Fang have applied their world-class expertise in large scale AI systems to build a leading enterprise fraud and risk platform that addresses the sophistication and magnitude of these attacks, as evidenced by their exceptional customer roster. We are thrilled to partner with the team to help combat this growing global problem and accelerate the Company’s growth.”

This investment is the latest in a year of significant milestones for DataVisor. Read more about DataVisor’s significant product growth and expanded capabilities accomplished in 2022 here.

The addition of DataVisor builds on Brighton Park’s active cybersecurity portfolio, which currently includes Darktrace, Coralogix, and OPSWAT.

About DataVisor
DataVisor is the world’s leading fraud and risk management platform that enables organizations to respond to fast-evolving fraud attacks and mitigate risks as they happen in real time. Its comprehensive solution suite combines patented machine learning technology with native device intelligence and a powerful decision engine to provide protection for the entire customer lifecycle across industries and use cases. DataVisor is recognized as an industry leader and has been adopted by many Fortune 500 companies across the globe.

About Brighton Park Capital
Brighton Park is a Greenwich, CT-based investment firm that specializes in software, healthcare, and technology-enabled services. The firm invests in companies that provide highly innovative solutions in partnership with great management teams. Brighton Park brings purpose-built value-add capabilities that match the unique requirements of each of its companies. For more information about Brighton Park, please visit www.bpc.com.

Media Contact
Julie Rudnick / Elizabeth Lake
FGS Global
BrightonPark@FGSGlobal.com

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retrain.ai Named to Globes’ Most Promising Israeli Startups and Reaches Total Funding of $34M

.406 Ventures

NYC / December 14, 2022 – retrain.ai, a leading AI-driven Talent Intelligence Platform, has been honored as one of the top 10 most promising startups for 2022 by Globes, as designated by Israel’s premier venture capital firms. The company is also reporting today it has closed an additional $14 million investment round led by AI-focused Radical Ventures, bringing their total funding raised to $34M.

“We are incredibly honored to be recognized by Globes as a standout among the thousands of other tech companies surveyed. Our position as a startup primed for global impact is the reason we’re able to attract forward-thinking investors like Radical Ventures,” said retrain.ai Co-founder and CEO Dr. Shay David. “Radical’s investment will help accelerate immediate value, with proceeds fueling retrain.ai’s growth into international markets where we will continue to pursue our vision of helping millions of people find their place in the job market by gaining 21st century skills.”

Radical Ventures is an early-stage venture capital firm investing in entrepreneurs applying deep technology to transform massive industries. They focus their investments on people who are using Artificial Intelligence to disrupt different market segments.

“retrain.ai is helping businesses navigate an economy and workforce in the midst of a generational transition,” said Jordan Jacobs, Managing Partner of Radical Ventures who also joins the retrain.ai board. “By leveraging powerful AI models, retrain.ai is reducing both the time-to-hire and increasing employee performance and retention.”

Radical Ventures joins other retrain.ai investors including Square Peg, Hetz Ventures, TechAviv, .406 Ventures, Schusterman Family Investments and Splunk Ventures.

“AI has the potential to dramatically improve how businesses manage their most essential resource, their talent,” says retrain.ai Co-founder and COO Isabelle Bichler-Eliasaf.  “Our Talent Acquisition and Talent Management modules are powered by Responsible AI helping unveil skills and capabilities for job candidates and employees alike, revealing maximum potential and new career opportunities so HR leaders can make data-driven decisions. Being named to the Globes Top Ten list is further recognition of the impact our technology is having on the future of work.”

Globes, Israel’s number one economic newspaper, publishes a list of the ten most promising start-ups annually based on selection by leading global investment funds in the Israeli high-tech market. VC participants were asked to name startups that have demonstrated proven impact and who may be the next unicorns. Past awardees included companies like Monday.com and Fivver, who have gone on to do multi-billion dollar IPOs.

Out of the 4,000 tech firms analyzed by Globes, retrain.ai was recognized for its cutting-edge AI and its potential impact in helping millions of people gain in-demand, emerging skills for a more productive, fulfilling and lasting career.

 

About retrain.ai

retrain.ai is a leading Talent Intelligence Platform designed to help enterprises hire, retain, and develop their workforce, intelligently. Leveraging Responsible AI and the industry’s largest skills architecture, enterprises unlock talent insights and optimize their workforce effectively with retrain.ai’s Talent Acquisition and Talent Management modules in order to lower attrition, win the war for talent and the great resignation in one, data-driven solution. To learn more, visit www.retrain.ai

 

About Radical Ventures

Radical Ventures is an early-stage venture capital firm investing in people applying artificial intelligence to shape the future of how we live, work and play. From healthcare and financial services to infrastructure and manufacturing, Radical partners with entrepreneurs who understand the transformational power of AI. Learn more at www.radical.vc.

Press Contact:
Karen Sackowitz
E: karen.sackowitz@retrain.ai
P: +1 978.697.3845

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CapMan Real Estate promotes Thomas Laakso as Partner and fund director for the Hotels fund

Capman

Thomas Laakso, Investment Director at CapMan Real Estate, has been promoted Partner. Simultaneously, he takes over leadership of the CapMan Hotels II fund from Pirjo Ojanperä, who transitioned to a Senior Advisor role in December after a long career at CapMan.

CapMan Hotels II fund is one of the largest owners of hotel properties in the Nordics. Mr. Laakso, who has extensive experience from hotel operations, development, consulting and asset management across Europe, the Middle East, Africa and the USA, started working with CapMan’s Hotels investment strategy one year ago with the ambition to expand and internationalise its operations.

“I’m very excited with the direction for the Hotels strategy under Thomas’ leadership. His background and expertise will help realize the fund’s Northern European focus for fundraising and deal flow. I also want to thank Pirjo for her outstanding work with managing the current hotel asset portfolio and her extensive career at CapMan,” says Mika Matikainen, Managing Partner of CapMan Real Estate.

“I appreciate the trust and am particularly grateful for Pirjo Ojanperä for all she has done for the fund and for me personally.  This is an exciting time for the hotel fund. The speed of the hotel industry’s post-Covid recovery has exceeded everyone’s expectations and the long-term fundamentals are sound. With some repricing pressure in the market, we see interesting acquisition opportunities going forward,” says Thomas Laakso, Partner, CapMan Real Estate.

“I’m grateful for the long journey together with CapMan and its knowledgeable real estate team and stakeholders over the years. Together, we have served and advanced the hospitality market. In Thomas, the fund now has a very qualified new leader and I want to warmly welcome him as he continues our development efforts which I will continue to support as Senior Advisor,” says Pirjo Ojanperä, Senior Advisor at CapMan Real Estate.

CapMan Hotels II fund is a semi-open-ended fund with an evergreen structure and a continuous term. It invests in hotel properties generating a stable and predictable income. The current portfolio consists of 27 assets across Finland and Sweden with multiple leading operators as tenants and a weighted average lease term (WALT) of 25 years based on 100% index linked leases. The fund has €368 million in equity commitments and the open-ended structure of the fund allows for growth through new capital and portfolio expansion. The attractive structure combined with the existing strong portfolio create an excellent foundation for future growth. The fund is classified as Article 8 under the EU Sustainable Finance Disclosure Regulation.

CapMan’s Real Estate team comprises 65 real estate professionals in Helsinki, Stockholm, Copenhagen, Oslo, Jyväskylä and London. CapMan Real Estate currently manages over €4.0 billion in real estate assets.

For more information, please contact:

Mika Matikainen, Managing Partner, CapMan Real Estate, +358 40 519 0707

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. With approx. €5 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, wealth management, and analysis, reporting and back office services. Altogether, CapMan employs around 180 people in Helsinki, Stockholm, Copenhagen, Oslo, London, Jyväskylä and Luxembourg. We are a public company listed on Nasdaq Helsinki since 2001 and a signatory of the UN Principles for Responsible Investment (PRI) since 2012. Read more at www.capman.com.

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Jan Woods joins Oakley Capital

oakleycapital

I’m excited to be joining Oakley at such a critical growth stage for the firm. Oakley has an enviable track record delivering strong outcomes for stakeholders by applying proven value creation strategies including talent acquisition.

Oakley Capital Welcomes Jan Woods as Partner responsible for portfolio company talent

Oakley Capital, the leading pan-European private equity investor, is pleased to welcome Jan Woods as Partner. Jan will be responsible for portfolio company talent, supporting Oakley’s portfolio companies to create future-ready organisations. Focusing on Organisation Design, Talent Strategies and Team Performance, Jan will advise teams on how to attract and retain the best talent and build strong systems and cultures.

Previously, Jan was a Director at a consumer-focused private equity firm, where she helped to develop human resource (‘HR’), executive development and business transformation strategies for portfolio companies. Before this, Jan held a series of senior, international HR roles at PepsiCo and IBM. She holds a BA in Theology and an MBA in Business Administration.

Oakley Capital co-Founder and Managing Partner Peter Dubens, said: “We’re pleased to welcome someone of Jan’s calibre to Oakley Capital. Her appointment reflects our commitment to attracting and developing the very best talent for our companies, as we build for the future. We also want to support our portfolio companies to do the same as they look to accelerate growth, and I believe Jan’s skillset and experience will help them achieve this.”

 

Oakley Capital Partner Jan Woods said: “I’m excited to be joining Oakley at such a critical growth stage for the firm. Oakley has an enviable track record of delivering strong outcomes for stakeholders, including founders, management teams and investors, by applying proven value creation strategies including talent acquisition. I look forward to working with my colleagues and the management teams of our portfolio companies to help build successful HR systems, teams and cultures that can sustain growth.”

Categories: People

Latour acquires Dalair

Latour logo
2022-12-14

Investment AB Latour has, through its wholly-owned subsidiary Swegon Group AB, signed an agreement to acquire Dalair Ltd. Closing is expected to take place in January, 2023. The company was founded in 1981, has 150 employees, with the head office in Wednesbury and two additional sales offices in London and Manchester, UK. Net sales in 2021 amounted to GBP 17 m.

Dalair is a family-owned manufacturer of bespoke air handling units (AHU) based in Wednesbury just outside Birmingham. The company is one of the AHU market leaders in the UK, with a highly regarded brand and offers air handling units in various segments covering commercial buildings, offices, retail, health care and pharmaceutical industries.

“I am glad to welcome Dalair to the Swegon family. Dalair has over the last four decades become a renowned brand in the market that is well-known for their strong customer relationships and high-quality products. With the growing demand of bespoke AHU’s we now take an important step together with Dalair to complement and broaden Swegon’s offering in the UK and reach a wider customer base”, says Andreas Örje Wellstam, CEO at Swegon Group.

“With Swegon we see a continued successful journey for Dalair. We share the same focus on quality and aim to be a trusted and competent partner for our customers, which makes Swegon a perfect fit for us. We look forward to becoming a part of Swegon, which will enable us to strengthen our position in the UK even further”, says Glyn Moseley, founder of Dalair.

As an effect of the acquisition the net debt of the Latour Group is expected to increase with about SEK 0.4 billion.

Göteborg, 14 December, 2022

INVESTMENT AB LATOUR (PUBL)
Johan Hjertonsson, CEO

For further information, please contact:
Andreas Örje Wellstam, CEO Swegon +46 31 89 58 00
Rebecca Palm Ballesta, Corporate Development Swegon +46 31 89 58 00

Swegon Group is a market leading supplier in the field of indoor environment, offering solutions for ventilation, heating, cooling and climate optimisation, as well as connected services and expert technical support. Swegon has subsidiaries in and distributors all over the world and 19 production plants in Europe, North America and India. The company employs close to 3,000 people and a turnover of SEK 6 billion.

Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listing holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of ten substantial holdings with a market value of about SEK 68 billion. The wholly-owned industrial operations has an annual turnover of SEK 22 billion.

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Oyster Raises $3.6 Million Seed Funding to Modernize Personal Insurance

New Stack Ventures

New Stack Ventures leads round alongside Conversion Capital, GFC

Today, we’re excited to announce that Oyster has raised $3.6 million in Seed funding to launch a modern personal insurance platform for seamless point-of-sale and post-purchase experiences.

We’re grateful to be supported by an incredible group of angels and investors, led by New Stack Ventures alongside Global Founders Capital, Conversion Capital, Cambrian Ventures, Kearny Jackson, Valia Ventures, Interlace Ventures, V1 VC, Polymath Capital, Position Ventures, Kevin Mahaffey (Founder of Lookout), Garrett Koehn (President of CRC Insurance), Gokul Rajaram (executive at DoorDash), Eugene Marinelli (Founder of Blend), Joe Schmidt (Partner at a16z), and Tanay Jaipuria (Partner at Wing).

Together, we’re working to build a better customer experience from the ground-up in the world of personal insurance, anchored by a strong belief in the potential of technology.

Insurance doesn’t work for consumers

Over the last two decades, the world has seen a boom in the investment of technology that powers finance. The development and success of entirely new capabilities, like instant stock trading, to new purchasing paradigms, like buy-now-pay-later, teaches us two lessons: (1) across industries, consumer expectations are rising when it comes to the way they interact with everyday facets of their lives; and (2) the successful application of technology can have a transformational impact on both an entire industry and the way consumers interact with that industry.

Today, insurance is one of the remaining financial sectors that has yet to see the same kind of impact from all of the technological advances of the last two decades. Understanding of insurance remains low amongst consumers, every process from discovery to application to claims remains arduously manual and opaque, and incumbents in an inherently risk-averse industry have been unsuccessful in changing the status quo.

For many of our most valuable possessions, a service that protects against theft, damage, and loss is invaluable. However, the decoupling of the insurance-buying journey from the actual purchase of the item drives issues of discoverability, unclear coverages and processes, pricing and underwriting inefficiencies, and higher loss ratios, which all ultimately lead to a poor customer experience and widespread coverage gaps.

 

Introducing Oyster

Oyster was founded to solve these problems from first principles, bringing innovation to the P&C insurance industry through technology and underwriting.

Oyster’s omni-channel platform allows merchants to offer insurance to their customers at the point-of-sale. With a focus on point-of-sale underwriting, technology, and partnerships with retailers, we’re solving each of these issues while simultaneously helping customer-centric merchants offer better protection to their customers, open new revenue streams, and most importantly, provide a differentiated customer experience in an increasingly competitive market.

The new investment will propel the launch of our point-of-sale insurance platform and expand our merchant partnership network to make personal insurance accessible to more consumers at the point-of-sale. At the same time, we’re ensuring that personal property in any category can be covered by rolling out a comprehensive suite of insurance products that cover bikes, eBikes, jewelry, collectibles, phones, electronics and more.

Retailers such as Bulls Bikes, Jewels by Grace, Zooz Bikes, Bario Neal, Area 13 Ebikes, The New Wheel, and more rely on Oyster to provide a seamless insurance experience both online and in-store for their customers. But the journey for Oyster has just begun. We have a lot of challenging problems to solve, and if we can do so, an immense opportunity to change the way people interact with insurance.

The insurance industry is still in the early innings of digital transformation. As such, we’re accelerating the speed of innovation in order to provide the best-in-class products and services to our customers and partners. If you’re interested in building a future of insurance that is powered by technology and data, reach out to us and share your big ideas.

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