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KKR partners with the Vision Group in Germany

KKR

February 23, 2022

Mannheim, 23. February 2022 – Vision Group, a residential real estate investor and asset manager based in Mannheim, Germany, is laying the foundation for further growth through a strategic partnership with KKR, a leading global investment firm.

Vision will work together with KKR to provide real estate units as investment opportunities to private investors, family offices and institutional investors. Vision and KKR will purchase residential properties and invest in them to enhance the quality of living for tenants through operational upgrades while also reducing their energy footprint. The professionally managed real estate units will then be offered for sale to private investors, providing an attractive long-term savings and retirement opportunity for clients. All rental agreements will remain in place throughout; both at acquisition as well as at the sale of the units.

The strategic partnership will focus on prospering mid-sized cities throughout Germany, with Vision Group and KKR actively looking to identify assets that will enable them to build on their strategy.

Established in 2016, Vision Group is an investor, developer and residential property owner with a portfolio currently comprising of more than 500 apartments.

“Seven years after Vision Group’s founding, we are entering the next phase of our company’s development. With this strategic partnership with KKR, we are preparing the company for future growth. Our market expertise as well as our sustainable and digital business model are the cornerstones of our success. We look forward to working with KKR to further build on this and meet the demands of private investors looking to build wealth or secure their retirement”, said Felix Balck, founder and CEO of Vision Group.

Niclas Wallrafen, COO and Partner of Vision Group, commented: “Our full-service solutions along the entire real estate value chain make our business model unique. Our investment into creating quality properties is an integral part of our approach, with a particular focus on measures to increase energy efficiency and tenant satisfaction.”

 

About Vision Group

Vision Group, headquartered in Mannheim, is a residential real estate investor and asset manager with a focus on the German market. The company is characterised by its digitalised full-service business model, which offers all services along the entire real estate value chain: from acquisition to refurbishment and modernisation to exit and tenant search. Target markets of the company are B and C locations in German metropolises and economic centres.

Press contact

Anke Sostmann

Feldhoff & Cie. GmbH

T: +49 (0) 69 2648677 – 14

M: +49 (0) 159 04028505

E: as@feldhoff-cie.de

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CVC Credit supports Markerstudy Group’s buy and build growth strategy

CVC Capital Partners

Incremental debt facilities provided by CVC Credit supported two acquisitions which will transform Markerstudy’s product offering and customer base

CVC Credit is pleased to announce that it has further supported Markerstudy Group (“Markerstudy”) by providing incremental facilities for the add-on acquisitions of Clegg Gifford Co Ltd (“Clegg Gifford”), a UK-based Lloyd’s broker which provides personal and commercial insurance products; and, BGL Insurance (“BGLi”) a digital-focused, personal lines insurance broker in the UK.

CVC Credit has supported Markerstudy since January 2021, when it financed Pollen Street Capital’s and Qatar Insurance Corporation’s investment in the business.

Founded in 2001, Markerstudy is one of the fastest growing general insurance players in the UK with close to six million policyholders, it is known for its investment in technology, underwriting expertise and sophisticated product development.

The acquisitions of Clegg Gifford and BGLi will help to grow Markerstudy’s product offering and customer base, develop in-house insurance capacity, and provide access to the Lloyds market. By leveraging Clegg Gifford’s strong reputation in the commercial space and BGLi’s strong digital and data capabilities, Markerstudy will be able to provide a more enhanced service for its customers.

Chris Fowler, Partner in CVC Credit’s Private Credit business, said: “We are delighted to continue to support Markerstudy and its sponsors in the latest phase of the business’s acquisitive growth strategy. We are also pleased to enact CVC Credit’s commitment to good ESG practices through the inclusion of a ratings-linked ESG margin ratchet as part of the financing arrangement, which will incentivise Markerstudy to continue to drive ESG standards across the business.”

Michael England, Partner at Pollen Street Capital, said, “Markerstudy has sustained its successful buy and build track record with the acquisitions of BGLi and Clegg Gifford and it is well-positioned to scale further through M&A. It is great to have the continuing support of CVC Credit who, thanks to their existing knowledge of Markerstudy and broad experience of the insurance sector, were able to move swiftly to help ensure the seamless agreement of these transactions.”

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Cinven Partners with Greater Share Education Fund

Cinven

Proceeds of Fund donated to NGOs addressing the global education crisis

International private equity firm, Cinven, today announces that it has signed up to the Greater Share Education Fund, a first-of-its-kind philanthropic investment model, harnessing the expertise of some of the world’s top performing private equity funds and highest impact educational NGOs to address the significant need in the global education field.

 The Greater Share Education Fund (‘GSEF’ or the ‘Fund’) is a fund-of-funds investment vehicle with the intention of attracting committed capital from a broad range of investors (Limited Partners or ‘LPs’).  This committed capital will then be invested in underlying private equity funds specially selected by Greater Share’s investment committee.

The returns generated by the GSEF will be split between the LPs of the Fund and NGOs who will receive a significant proportion.

Meanwhile, Cinven – alongside the other private equity funds selected for commitments by GSEF – will donate fees and any carry, in proportion to the investment made in the fund by GSEF, also to be distributed to the selected NGOs. This will create a multiplier effect on donations, providing NGOs with long-term, unrestricted funding to scale their impact.

The NGOs will also benefit from ongoing strategic, operational and legal assistance from Greater Share’s community of supporters, further building their ability to improve outcomes for children and reduce inequality by closing the education gap.

Eight high impact education NGOs, identified through a rigorous selection process, with a track record of using evidence-based child-centric models to transform children’s learning, will receive sustainable, long-term funding from Greater Share.

 

Stuart McAlpine, Managing Partner at Cinven, said:

“Cinven is delighted to join Greater Share in tackling the significant global challenge of transforming education for children in under-served communities across the world.  Cinven will join the initial group of private equity firms committed to the Greater Share Education Fund and leverage the Greater Share’s innovative investment model to maximise the philanthropic impact of investments in its Funds.

“Alongside the Cinven Foundation, founded in 2008, today’s announcement is the most recent example of Cinven’s commitment to effecting positive change in the communities in which we operate and more broadly.”

 

The eight NGOs which will receive long-term funding from Greater Share are:

  • aeioTU | transforming communities through developing children’s potential in innovative and sustainable ways in Latin America
  • CAMFED | providing opportunities for women and girls in Sub-Saharan Africa
  • Kaivalya | building the motivation and capacity of education system leaders in India
  • KIPP | operating a network of high-quality public charter schools in financially under-resourced communities in the US
  • London Early Years Foundation | providing access to high quality, affordable early childhood education and care in London
  • The National Institute for Student Success |increasing college attainment while reducing equity gaps in the US
  • Teach For All |developing collective leadership to ensure all children can fulfil their potential globally
  • West London Zone | supporting children and young people in the UK to build the relationships and skills to thrive in adulthood.

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True Wind Capital Makes Growth Investment in Sterling Capital Brokers, A Leading Canadian

Truewind

Tech-Enabled Benefit Consulting Platform

Partnership Will Enable Sterling to Accelerate Growth Initiatives and Invest in Innovation

SAN FRANCISCO & TORONTO – February 22, 2022 – True Wind Capital (“True Wind”), a San Francisco-based private equity firm focused on investing in leading technology companies, today announced a significant growth investment in Sterling Capital Brokers (“Sterling”), one of Canada’s leading independent benefit consulting firms that provides proprietary technology solutions to high-growth businesses and multinational enterprises. Terms of the transaction were not disclosed.

Founded in 2014, Sterling offers a comprehensive suite of bespoke employee benefit insurance solutions, including payroll integration, automatic billing reconciliation, and streamlined digital onboarding, to 1,000+ clients across Canada. Sterling’s proprietary platform provides competitive, cost-effective plans that dramatically reduce the administrative burden for both clients and carriers and seamlessly integrates into leading HRIS & payroll platforms. Sterling’s senior management team, including co-founders Stefan Ionescu and David Haines, and President John Griffin, will continue to lead the business from its Toronto, Ontario headquarters.

John Griffin, President at Sterling Capital Brokers, commented, “This investment from True Wind, our first institutional capital partner, will enable Sterling to accelerate our platform enhancements to deliver smarter, more integrated solutions to meet the large and growing demand for customizable and affordable insurance benefit options for Canadian businesses. We believe our innovative and easy to use technology platform has set an industry standard and we are excited to draw on True Wind’s considerable expertise and resources.”

Aaron Matto, a Partner at True Wind, said, “We are thrilled to partner with Sterling, which has built a differentiated suite of tech-enabled services that not only enables customized benefit solutions but also lowers costs and simplifies the administrative process for all constituents. We look forward to supporting Stefan, David, John and Sterling’s talented team by leveraging our proven capabilities in scaling technology-enabled businesses through both organic initiatives and strategic acquisitions.”

Gibson, Dunn & Crutcher LLP and McCarthy Tétrault LLP served as legal advisors to True Wind Capital. Borden Ladner Gervais LLP served as legal advisor to Sterling Capital Brokers.

About True Wind Capital
True Wind Capital is a San Francisco-based private equity firm focused on investing in leading technology companies. True Wind has a broad investing mandate, with deep industry expertise across software, data analytics, tech-enabled services, internet, financial technology, and hardware. Founded in 2015, True Wind has completed 12 platform investments and 20 add-on acquisitions. For more information, please visit https://www.truewindcapital.com.

About Sterling Capital Brokers
Sterling Capital Brokers was founded in 2014 and is headquartered in Toronto, Ontario. Sterling is Canada’s largest independent benefit consulting firm that specializes in servicing small to large sized businesses and multinational enterprise clients across Canada. Sterling offers comprehensive benefit consulting and customized plan management technology services that provide its clients with rapid and bespoke solutions.

Media Contacts:
For True Wind Capital:
Nathaniel Garnick/Genna Pirrong
Gasthalter & Co.
(212) 257-4170

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Ratos company Plantagen acquires Flyinge Plantshop

Ratos

Plantagen has acquired Flyinge Plantshop, which is one of the leading nurseries in Sweden and renowned for its expertise, quality and service. The company’s sales, of which more than 50% derives from corporate customers, amounted to SEK 82m in 2021, with an EBITDA of SEK 12m. The acquisition broadens the product offering and customer base in Plantagen. Plantagen is now strengthening its position as the leading garden centre for private and corporate customers within the private and public sectors.

“Add-on acquisitions of this kind are entirely in line with Ratos’s strategy. Flyinge is a well-managed family company, where the focus is on quality and a long-term approach. The acquisition will lead to synergies and contribute to the continued development of Plantagen, primarily through the unique range and expansion toward corporate customers,” says Anders Slettengren, Chairman of the Board of Plantagen and President Business Area Consumer, Ratos.

The acquisition of Flyinge Plantshop is a step in Plantagen’s work to acquire locally and regionally attractive garden centres which, with genuine professional know-how and an attractive range, appeal to both private and corporate customers in the private and public sectors.

“Our vision is to be the Nordic region’s loveliest greenhouse. This entails offering inspiration, expertise and tools to succeed in a growing life. Our focus has been weighted toward private customers and going forward, we will increase our efforts to offer corporate customers and public administrations products and services. Over the past century, the Seger family has created a first-rate company and now we are looking forward to continuing to develop the business together,” says Nina Jönsson, CEO of Plantagen.

The former owner of Flyinge Plantshop for four generations, the Seger family, will remain a driving force in the business at Flyinge. Flyinge Plantshop will continue to operate under its own brand. Closing will take place on 1 March 2022.

For further information:
Anders Slettengren, Chairman of the Board of Plantagen and President Business Area Consumer, Ratos +46 72 589 89 00
Nina Jönsson, CEO, Plantagen, +46 72 077 44 20
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21

About Ratos
Ratos is a business group consisting of 13 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2021, the companies have approximately SEK 35 billion in sales. Our business concept is to develop companies headquartered in the Nordics that are or can become market leaders. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas for Ratos. Everything we do is based on Ratos’s core values: Simplicity, Speed in Execution and It’s All About People.

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DIF Capital Partners acquires 80% stake in French waste-to-energy project Dombasle Énergie

DIF

DIF Capital Partners (“DIF”) is pleased to announce the acquisition of an 80% stake in Dombasle Énergie, a French greenfield waste-to-energy project, located in Dombasle-sur-Meurthe in the North-East of France. The investment is made through DIF Infrastructure VI, alongside Solvay (10%) and Veolia (10%).

The project comprises the replacement of three coal-fired boilers with a new boiler room equipped with two furnaces running on 350,000 tonnes per year of refuse-derived fuel (“RDF”) produced from various types of nonhazardous waste that cannot be recycled.

The EUR 225 million capex project is scheduled to become operational before the end of 2024 and will directly and indirectly employ over 1,000 people. The project will combust 344kt per annum and has a capacity of 181 MW thermal power and 17.5 MW electrical power from a steam turbine, which will be reused for the industrial process. As the first project of its kind in France, Dombasle Énergie will (i) cut the site’s carbon footprint by about 50% (240,000 tonnes of CO2 reduction) per year and (ii) create a new outlet for waste (primarily from the Grand Est and neighbouring regions) that was initially non-recyclable and which will now be transformed into green energy.

Gijs Voskuyl, Partner and head of DIF’s core infra investment strategies: “With increasing pressure on landfill capacity and concerted community efforts to reduce landfill levels, waste-to-energy represents a significant opportunity for the generation of affordable green power across the globe. We are delighted to partner with Solvay as well as Veolia in this ambitious project which will significantly reduce Solvay’s carbon footprint as well as reuse 350,000 tonnes of non-recyclable waste, of which otherwise the majority would have been landfilled. Renewable energy investments are an essential part of DIF’s investment mandate, evidencing the company’s desire to positively contribute to a more sustainable future”.

The project secured long term non-recourse debt financing from Credit Agricole Leasing & Factoring’s subsidiary Unifergie and Bpifrance. Dombasle Énergie also benefited from the support of the Grand Est region and French environmental authority ADEME, as well as other private partners.

Advisors on the transaction included De Pardieu Brocas Maffei (legal) and H3P (financial) for the sponsors. The lenders were advised by Herbert Smith Freehills (legal), SETEC (technical) and Marsh (insurance). Other advisors included Sigée Finance (model audit), Willkie Farr & Gallagher (tax audit) and ESTER (hedging).

About DIF Capital Partners

DIF Capital Partners is a leading global independent investment manager, with more than €9.8 billion in assets under management across nine closed-end infrastructure funds and several co-investment vehicles. DIF invests in infrastructure companies and assets located primarily in Europe, the Americas, and Australasia through two complementary strategies:

  • Traditional DIF funds, of which DIF Infrastructure VI is the latest vintage, target, equity investments with long-term contracted or regulated income streams including public-private partnerships, concessions, utilities, and (renewable) energy projects.
  • DIF CIF funds target equity investments in small to mid-sized economic infrastructure assets in the telecom, energy transition, and transportation sectors.

DIF Capital Partners has a team of over 180 professionals, based in ten offices located in Amsterdam (Schiphol), Frankfurt, London, Luxembourg, Madrid, New York, Paris, Santiago, Sydney, and Toronto. For more information please visit www.dif.eu.

More information:

Jorda Zuurendonk, Marketing & Communication Manager

j.zuurendonk@dif.eu

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EQT Infrastructure to acquire Stockland Retirement Living, one of the largest providers of senior living communities in Australia

eqt
  • EQT Infrastructure acquires Stockland Retirement Living, a leading provider of community living and support for over 10,000 senior Australians
  • Stockland Retirement Living will benefit from EQT’s significant experience in the healthcare space globally as the demand for high-quality retirement living and aged care services is expected to grow in Australia over the coming years
  • EQT Infrastructure is committed to investing in Stockland Retirement Living’s continued growth, broadened service offering, and further strengthening its digital backbone

EQT is pleased to announce that EQT Infrastructure V fund (“EQT Infrastructure”) has agreed to acquire Stockland Retirement Living (the “Company”) from Stockland Group, one of Australia’s largest diversified property management operators. The transaction valued Stockland Retirement Living at AUD 987 million.

Stockland Retirement Living is one of the largest providers of retirement living in Australia, with over 10,000 residents in 58 villages across Australia’s eastern seaboard, and a pipeline of 1,300 new units to be developed in attractive retirement locations.

Demand for high-quality retirement living in Australia has demonstrated consistent strong growth over recent years, underpinned by Australia’s aging population and the increased value placed on the sense of security and community offered by retirement villages. As demand for retirement living increases, it is also expected that the growing requirement for higher levels of care services within retirement villages will continue.

EQT has a well-established track record in the aged care sector, globally as well as within Australia and New Zealand. EQT will focus on leveraging this experience and its global network of industry advisors to support Stockland’s Retirement Living portfolio in growing its footprint, increasing the range of services provided to its residents, and investing in technology and digital initiatives to further improve the Company’s offering.

Tarun Gupta, CEO of Stockland Group said “I am delighted that we have found a strong Retirement Living owner and operator to acquire Stockland’s Retirement Living platform. EQT is a purpose-led organisation with a well-established track record in healthcare, aged care and retirement living. We are confident that EQT will be the right custodian for the residents and employees, and are well placed to support the continued growth of the high quality Retirement Living platform.”

“We have an accomplished and dedicated team in our Retirement Living business, who will transfer to EQT at completion of the transaction. They continue to be focused on providing the best possible care and resident experience across the portfolio.”

“The announcement today does not impact on any of the arrangements with our residents. It will be business as usual for our residents, noting on completion they will have a new partner with significant experience in running industry leading retirement living villages.”

Ken Wong, EQT’s Head of Asia Pacific, Infrastructure said, “Stockland Retirement Living is a clear leader in the Australian retirement living space and we are excited about partnering with the company and supporting its ability to continue to develop and operate high-quality retirement villages. With an aging Australian population and increased focus on enabling Australians to age in place, we are excited to have the opportunity to use our significant global experience in the aged care sector to enhance the range of services provided to current and future residents of Stockland’s villages.”

The transaction is subject to customary conditions and approvals, including the approval of the Foreign Investment Review Board. It is expected to close in late Q2 2022.

EQT Infrastructure was advised by Goldman Sachs and King & Wood Mallesons.

With this transaction EQT Infrastructure V is expected to be 70 – 75 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) and subject to customary regulatory approvals.

Contact
Australian media inquiries: Roger Newby, roger@domestiqueconsulting.com.au, 61 401 278 906
International media inquiries: EQT Press Office, press@eqtpartners.com , +46 8 506 55 334

About EQT
EQT is a purpose-driven global investment organization with EUR 73.4 billion in assets under management across 28 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

About Stockland
About Stockland: Stockland (ASX: SGP) was founded in 1952 and has grown to become Australia’s largest diversified property group – owning, developing and managing a large portfolio of shopping centres, residential communities, retirement living villages, office and industrial assets. Stockland is consistently recognised by the S&P Dow Jones Sustainability Indices (DJSI) as a global real estate leader, demonstrating world leadership across the areas of corporate governance, stakeholder engagement, climate strategy, social integration and regeneration and corporate citizenship. Stockland has been identified as a global leader for its actions and strategies in response to climate change and has been awarded a position on the Climate A List by CDP and recognised as the Regional Sector Leader for Diversified Property Companies on the Global Real Estate Sustainability Benchmark (GRESB). Stockland has also been recognised as an Employer of Choice for Gender Equality by the Australian Government’s Workplace Gender Equality Agency (WGEA).

More info: www.stockland.com.au

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Nordstjernan acquires Finnish diagnostics company Aidian

Nordstjernan

Nordstjernan has signed an agreement to acquire the Finnish in-vitro diagnostics company Aidian from funds that are managed by the Nordic private equity firm Axcel. Aidian is a leading global player in the growing market for point-of-care diagnostics. The company develops, manufactures and sells instruments and tests that are used in such fields as primary care to provide quick and accurate test results. Aidian’s offering of tests addresses several global health problems such as antimicrobial resistance (AMR), diabetes and colorectal cancer. Aidian has tests that are intended to reduce unnecessary prescriptions of antibiotics, which is a driver behind the growing threat from AMR and antibiotic-resistant bacteria.

Aidian was established in 1974 as a subsidiary of Orion, a Finnish pharmaceuticals company. In addition to its headquarters in Espoo, Finland, Aidian has a local presence in another twelve countries and a global presence via distributors in over 60 export markets. The company has over 250 employees and reported sales of approximately EUR 100 million in 2021.

“We are very pleased to have been able to make this investment. Aidian has a strong product offering as well as a leading position in the global market for point-of-care diagnostics, and the company’s instruments and tests help to address several global health challenges. We are impressed by the work that Axcel has done to establish Aidian as a leading player in the field of point-of-care diagnostics and we look forward to continuing to develop Aidian and supporting the company and its management over the long-term in its important efforts concerning many central health issues,” says Nordstjernan’s CEO Peter Hofvenstam.

“We now very much look forward to joining Nordstjernan, an organization well known for its professional and long-term development of businesses within healthcare and other industries,” says Aidian’s CEO Juho Himberg.

Nordstjernan has worked for some time to expand its investment focus in the healthcare sector, which after the acquisition of Aidian will consist of five holdings that represent over 25 per cent of Nordstjernan’s net asset value.

Completion of the transaction is expected in Q1 2022.

The parties have agreed not to disclose the conditions of the transaction.

Peter Hofvenstam
President and CEO
Nordstjernan AB

Questions will be answered by:

Peter Hofvenstam, CEO, Nordstjernan
E-mail: peter.hofvenstam@nordstjernan.se

Stefan Stern, Head of Communications, Nordstjernan
Telephone: +46 70 636 74 17
E-mail: stefan.stern@nordstjernan.se

Nordstjernan is a family-controlled investment company whose business concept is to be an active owner that creates long-term value growth. More information about Nordstjernan can be found on www.nordstjernan.se.

Aidian is a Finnish company in the field of in-vitro diagnostics. Aidian is headquartered in Espoo, Finland, and has global sales via a local presence and distributors. More information on Aidian can be found at www.aidian.eu.

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Why We Invested in Grata

Craft Ventures

 

We’re pleased to announce that Craft Ventures is leading the
$25 million Series A round for Grata, the leading private company intelligence engine. I’ve gotten to know co-founders Andrew and Nevin over the last two years and am excited to join them on the Board of Directors.

When we first met Grata, they were a scrappy team that was bootstrapping a solution to a problem they suffered from in their previous jobs in private equity and management consulting: the opacity of information available about companies in the middle market. This is an often overlooked but meaningful segment of the market. The middle market is bigger than most people realize and a lot of groups care about it: corporates, private equity funds, bankers, hedge funds, family offices, to name a few. And yet — no other data providers focus on the middle market because it’s hard: millions of companies, high volume of changes and little information readily accessible.

No other data providers focus on the middle market because it’s hard: millions of companies, high volume of changes, and little information readily accessible.

Before Grata, dealmakers would turn to Google to manually search for companies. And since the results were noisy, teams of analysts would go website by website to discover and decipher company credentials. Databases such as Dun & Bradstreet with their broad categories and stale information didn’t address their needs. What’s more, private company data is dominated by companies who had a transaction event: Pitchbook and Crunchbase report on public and private company funding news. But who covers the middle market companies who are bootstrapped or outside of the tech ecosystem and media spotlight? They account for 50% of US GDP.

Who covers the middle market companies who are bootstrapped or outside of the tech ecosystem and media spotlight? They account for 50% of US GDP.

Grata has created a highly automated technology system that ingests this thorny problem and produces an easy to access, new source of truth for all dealmakers that care about the middle market. It uses proprietary machine learning and web crawling practices to read contextual information on the web and understand how a company describes its business. The Covid pandemic thrust many businesses online out of necessity, helped by a new economy of no-code website builders, which makes Grata’s sourcing practice even more potent. Its automated way of collecting and interpreting data is scalable and supported by their team of highly technical data scientists and engineers.

That scrappy team I met two years ago now has millions in revenue, and is growing 20% month-over-month driven by the value they bring to the dealmakers they serve. Please welcome us in congratulating the Grata team. They’re hiring! You can see their jobs page here.

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Acumera acquires leading Edge Computing provider Reliant with support from an affiliate of Peak Rock Capital

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Peak Rock Capital

Acquisition to accelerate both companies’ growth, advancing technology and market positions in the US and abroad.

Austin, Texas – February 22, 2022 – Acumera, a leading provider of software-as-a-service (SaaS) solutions for network operation, visualization, and security services, today announced that it has completed its acquisition of Reliant, a leading provider of edge computing solutions for retail, hospitality, health care and convenience store enterprises.

Acumera and Reliant Logos

 

Reliant’s edge computing platform is deployed by leading global brands to support innovative, future-forward customer experiences from walk-in / walk-out shopping to contactless payments, AI-driven restaurant kitchens, and more. Reliant Platform is a hardware and cloud-agnostic solution that centralizes, automates, and controls the delivery and management of applications and systems at the network’s edge, bringing data and applications closer to the end user. Reliant Platform converges new and legacy systems into an integrated, scalable solution that provides reliability and resiliency for key workloads.

Bill Morrow, CEO of Acumera, said, “Reliant represents an opportunity to invest in and leverage a strong, growing edge computing platform, as we continue to expand our technology/services offerings and product portfolio. Reliant’s edge computing solutions are a perfect complement to our network operation, visualization and security services. We look forward to partnering with Reliant’s impressive team and leveraging their integrated and scalable solution that converges new and legacy systems.”

“We are absolutely thrilled to be part of the Acumera team,” said Richard Newman cofounder and CTO of Reliant. “The combination of our two businesses makes Acumera the clear leader in edge computing in retail and hospitality, and will enable us to bring the benefits of Reliant Platform to new markets and verticals and continue to drive innovation with our existing clients.”

The transaction was completed with a strategic growth investment from an affiliate of Peak Rock Capital (“Peak Rock”), a leading middle-market private investment firm. The relationship with Peak Rock enables Acumera and Reliant to continue expanding their edge computing technology offerings and customer service capabilities, while also positioning the combined company for accelerated strategic growth.

Learn more at acumera.com or contact Acumera at 512-687-7400.

About Reliant

Reliant is a leading provider of edge computing for retail, hospitality and c-store enterprises. Reliant Platform, Reliant’s edge computing solution, centralizes, automates, and controls the delivery and management of applications and systems, bringing data and solutions to the network’s edge. Reliant’s best-in-class industry knowledge combined with technical expertise delivers winning edge solutions for the business and IT alike. Reliant provides implementation and consulting services around applications, payments, PCI security, IoT applications, interactive technologies, POS, mobile, and converged and cloud infrastructures. Learn more at reliant.io.

About Peak Rock Capital

Peak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in North America and Europe. Peak Rock’s equity investment platform focuses on opportunities where it can support senior management to drive rapid growth and performance improvement, with expertise in corporate carve-outs and partnering with families and founders seeking first-time institutional capital. Peak Rock’s credit platform invests across capital structures, with a broad mandate to provide flexible, tailored capital solutions to middle-market and growth-oriented businesses. Peak Rock’s real estate platform makes equity and debt investments in small to mid-sized real estate assets in attractive, growing geographies. For further information about Peak Rock Capital, please visit www.peakrockcapital.com.

About Acumera

Acumera is the leading supplier of network operation, visualization, and security services via orchestration of business, networking, and security workloads. Acumera secures entire networks, point-of-sale (POS) systems, and IoT devices and safeguards data, maximizes uptime, provides device visibility, and simplifies compliance for convenience store, healthcare, restaurant, retail, unmanned parking and other businesses. Acumera’s robust, scalable platform provides a full suite of containerized edge computing workloads for security, monitoring, management, analytics, loyalty programs, and more. Acumera is listed on the Visa and Mastercard Global Registries of PCI compliant service providers. Learn more at acumera.com.

Acumera, AcuVigil, AcuLink and the Acumera logo are trademarks or registered trademarks of Acumera Inc. in the United States and other countries.

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