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Ardian to acquire a stake in the Santé CIE Group alongside existing shareholders, HLD and UI Gestion

Ardian

Ardian will accompany the Santé Cie Group and its subsidiaries, Elivie and Asdia, in their international expansion and enlarging their expertise in the home medical assistance market

Paris, January 17, 2020 – Ardian, a world-leading private investment house, today announces that it has signed an agreement to acquire a majority stake in Santé Cie, a specialist in home medical assistance. Ardian will invest alongside HLD and UI Gestion, company shareholders since 2015, and the management team, to continue the consolidation of the French market and develop internationally.

With this investment, Ardian will enter the home medical assistance market. It offers the Group the opportunity to operate in a new, particularly attractive healthcare segment, while having a very positive social and societal impact. Santé Cie’s business addresses deep demographic, sociological and health challenges tied to an ageing population, an increasing prevalence of chronic illnesses, and a medical desertification in French rural areas.

Through its two operating networks, Elivie and Asdia, Santé Cie is among the most dynamic players in the home medical assistance sector in France. As a multi-specialist, it addresses the needs of patients in respiratory assistance, insulin therapy, perfusion, nutrition, post-operative care and wound treatment and healing. The company accompanies more than 150,000 patients annually and reported revenue of €240 million in 2019. It has nearly 1,700 employees and its 80 agencies offer services throughout France.

This transaction remains subject to antitrust approval and the opinion of the work council.

Larbi Hamidi, Chairman of Santé Cie: “This is a new impetus for our business. We’ll be able to actively contribute to consolidating the French market and launching our European expansion, but also investing in innovative solutions to improve the efficiency of care pathways in the face of new challenges posed by connected healthcare and telehealth.”

Jean-Bernard Lafonta, Chairman of HLD Europe, said: “We’re proud of Santé Cie’s journey since 2015 to have become one of the leading home medical assistance players in France. We’re delighted to continue our commitment alongside Santé Cie’s management to develop the business internationally and explore promising new segments such as dialysis at home.”

Olivier Jarrousse, Managing Partner of UI Gestion, added: “We’re very pleased with Santé Cie’s progress over the past 5 years and we wish to continue our active contribution to the Group’s development.”

Yann Bak, Managing Director in the Ardian Buyout team, said: ” We’re proud to enter Santé Cie’s share capital alongside existing shareholders and are confident that home medical assistance providers, by assisting patients and ensuring they are monitored by practitioners, have a role to play in the French healthcare value chain .”

Nicolas Darnaud, Managing Director in the Ardian Buyout team, added: “Santé Cie’s strong competitive advantages, its management, its scalable structure, its proven expansion and diversification capabilities, and its many growth options give it significant room for further growth in a fast-expanding market.”

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$96bn 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 640 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 around 1,000 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.Follow Ardian on Twitter @Ardian

www.ardian.com

ABOUT SANTE CIE

Created in 2016, Santé Cie is the third largest home healthcare provider in France, through its two operating networks Elivie and Asdia.
With the trust of healthcare professionals, the company supports nearly 150,000 home care patients, both children and adults, across France every day. It covers a wide range of therapeutic segments including perfusion, nutrition, insulin therapy, the treatment of Parkinson’s disease, respiratory assistance and wound treatment and healing.
By means of a medical prescription, the Elivie and Asdia teams set up all equipment required at home for the care of patients with chronic or acute illnesses. By ensuring the home care pathway, training and patient support and monitoring, the teams provide solutions to simplify and secure patient care at home, in constant contact with prescribers and in coordination with their entourage and all participants in the care chain (pharmacists, nurses, physiotherapists, etc.)
Santé Cie has nearly 1,700 employees across 80 agencies throughout France, through its Elivie and Asdia networks.
www.elivie.fr / www.asdia.fr

ABOUT HLD

Created in 2010 by Jean-Philippe Hecketsweiler, Jean-Bernard Lafonta and Philippe Donnet, HLD has experienced remarkable growth in the investment capital sector. The investment holding company now has 12 companies in France and Europe (including Tessi, Kiloutou, Coyote, Santé Cie and Rafaut), representing combined revenue of almost €2 billion and 17,000 employees. True to the wishes of its shareholders, which include many European entrepreneurs, including the Decaux, Dentressangle and Claude Bébéar families, HLD invests without any time constraints. This has enabled strong ties to be forged with portfolio company management, and HLD to support the long-term development of companies in Europe and internationally.
The HLD teams are currently present in Europe: Luxembourg, Paris, Milan and Zurich.
www.groupehld.com

ABOUT UI GESTION

A historical investment capital player for 50 years, UI Gestion is an independent management company managing more than €650 million on behalf of leading institutional investors, entrepreneurs and Family Offices.

Independent since 2004, with a regional coverage since 2010 (Paris, Nantes, Rennes, Rheims, Strasbourg and Lille), UI Gestion specializes in developing SMEs and helps their management implement growth projects and buyout and growth transactions. With the UI Academy, management benefit from complementary tools to strengthen the strategic definition of their projects and operational implementation.

Over the past 15 years, UI Gestion has raised more than €1 billion across three investment platforms (regional, national, sector-based) and has supported more than 130 companies, primarily in the health care, agro-business and equipment manufacturing sectors.

www.uigestion.com

LIST OF PARTIES INVOLVED

Ardian team: Yann Bak, Nicolas Darnaud, Nicolas Kassab, Maxime Debost
M&A Advisor: BNP Paribas (Sylvina Mayer, Marc Walbaum, Sammy Lamali, Clara Blandeau)
Commercial and strategic advisor: LEK (Arnaud Sergent, Serge Hovsepian, Leonore Bosch, Servane Perrot)
Financial DD: 8advisory (Christophe Delas, Christian Berling, Nicolas Bassi)
Legal and Tax Advisor: Latham & Watkins (Gaëtan Gianasso, Thimothée Brunello, Mayssa Sader, Xavier Renard, Yann Auregan)
CSR Advisor: Indefi (Emmanuel Parmentier, Charlotte Salmon)
IT Advisor: 8advisory IT (Jean-Christophe Fuzzati)
Digital Advisor: Singulier (Rémi Pesseguier, Diane Levy)HLD team: Jean-Bernard Lafonta, Maxence Gailliot, Julia Marc
UI Gestion team: Olivier Jarrousse, Sébastien Alauzet, Edouard Vilmer
M&A advisor to the seller: Rothschild (Laurent Baril, Robert Rozemulder)
Financial DD: Accuracy (Arnaud Lambert, Marie Madelpuech)
Legal Advisor: Weil, Gotshal & Manges (Alexandre Duguay, Pierre-Alexandre Khan, Come Wirz, Romain Ferla, Anne-Laila Abback, Cassandre Porgès, Timothée Buchet)

PRESS CONTACTS

Santé Cie
Severine Duhr
severine.duhr@elivie.fr
ARDIAN
Image 7
Anne-Charlotte Creac’h
Tel: 01 53 70 94 21
accreach@image7.fr
Flora Larger
Tel: 01 53 70 74 90
flarger@image7.fr
PD

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CVC Fund VII to acquire D-Marin’s businesses in Greece, Croatia and the UAE

Company is an operator of premium yacht marinas in the Mediterranean and United Arab Emirates

CVC Capital Partners announces that CVC Fund VII has agreed to acquire the Greek, Croatian and the UAE businesses of D-Marin, a leading operator of premium yacht marinas in the Mediterranean and United Arab Emirates (UAE), from the Doğuş Group, a leading Turkish conglomerate.

Headquartered in Istanbul, Turkey, D-Marin, under concessions or management agreements, is an international operator of premium yacht marinas in Croatia, Greece, Montenegro, Turkey and the UAE, with several new locations identified across its current geographical footprint and beyond. All marinas in Turkey (Turgutreis, Didim and Göcek) will remain under the ownership of Doğuş Group while managed by D-Marin.

István Szőke, Managing Partner at CVC Capital Partners, said: “As our first investment in the sector, we have been attracted to D-Marin given it is a geographically diversified operator of well-invested premium marinas in the Mediterranean and the UAE. Using CVC’s global network and experience in growing companies internationally, we intend to create the leading global premium marina operating company through both organic growth and acquisitions.”

Burak Baykan, CEO of D-Marin, commented: “I am proud of the success achieved by D-Marin to date. Working with Doğuş Group we have put in place a solid foundation, on which we will now plan to build a global group. We are delighted to have secured the support of CVC, a leading global investor, to expand D-Marin internationally and take the company to the next level.”

The transaction will be finalised upon fulfillment of relevant governmental approvals.

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Ardian acquires Frulact, a leading producer of added valued ingredients for the food industry

Ardian

Porto, January 16, 2020 – Ardian, a world leading private investment house, announced today that, with the support of Frulact’s management team, it is acquiring Frulact to the Miranda Family. Frulact is an innovative producer of natural fruit-based and plant-based specialty ingredients for the Food & Beverage industry. The company counts on an extensive product portfolio based on fruit & vegetables preps for dairy, ice-cream, desserts, beverages, flavors and plant-based alternatives.

Headquartered in Maia – Porto, Frulact employs more than 750 people, operates 9 facilities across Europe, Africa and North America and sells its products in more than 40 countries, generating nearly €115 million of turnover. The company, founded by the Miranda family in 1987 and led by João Miranda, has a solid track record of growth relying on both organic and acquisitions initiatives.

Ardian will support the management of the company to accelerate its strategic plan and consolidate the group as one of the global leaders in the food ingredients industry, supporting the existing business activities and enhancing its capabilities in adjacent niches and ingredients. Ardian’s strong knowledge of the food ingredients industry, its worldwide network and the support that a leading international private investment firm can offer make Ardian the best partner to identify and promote growth opportunities to transform Frulact into a global leader.

Ardian will rely on the current management team, which will continue being led by Duarte Faria as Chief Executive Officer, to develop its project. Additionally, João Miranda will continue as Non-Executive Chairman of the group.

João Miranda, Non-Executive President of Frulact, commented: “I join all Frulacteans to welcome Ardian and begin this new chapter in Frulact. We’re very pleased with this agreement and partnership, considering that Ardian will bring considerable financial and strategical resources to boost Frulact to become a strong platform, that will aggregate and integrate other adjacent businesses and activities in the added value ingredients industry, and consequently consolidate Frulact’s project, supported by our Human Capital, and allowing the company to exploit a sustainable global footprint”. In addition, he added: “Frulact will continue operating as usual, with the same management team, developing our future growth, innovation, and sustainability strategy, using our Headquarters in Portugal, to bring the company to the next stage of development and rising to a bright future ahead and to bold our aspirations”.

Gonzalo Fernandez-Albiñana, Head of Ardian Buyout Spain (advisor to Ardian France), said: “Frulact and its Management team have the know-how, capabilities and ambition required to consolidate the company as a leading natural food ingredients provider at global level, by expanding and enhancing its technical capabilities and geographical reach. Ardian will support the management in this endeavor with its expertise, network and resources”.

Philippe Poletti, Member of the Executive Committee and Head of Ardian France, said: “This transaction is a good example of Ardian’s expertise in supporting transformation and growth projects in industries we master, while maintaining the legacy of what has been created by the Miranda Family. Our experience helping companies enter new territories, combined with our understanding and respect for the tradition and the corporate values of family businesses make Ardian a preferred partner for family buyouts or carve-outs”.

Frulact is the first investment of Ardian’s Buyout team in 2020. With 50 employees across seven offices in Europe and New York, the buyout team invests in high-quality mid- and large-cap companies, applying transformational strategies to become world leaders in their niche markets.

ABOUT FRULACT

Frulact is a business group, established in 1987, positioned as a top-ranked innovative company in the supply of added value ingredients for the food & beverage industry, namely fruit & vegetables preps for dairy, ice-cream, desserts, beverages, flavors and plant-based alternatives. From the classic and typical to the most exotic combinations, Frulact has the knowledge and experience to create customized and innovative products to serve its customers’ needs. The Group has a global presence across three continents, with nine business units in five countries (Portugal, Morocco, France, South Africa and Canada), and it is ranked among the world’s top five companies in its business.
www.frulact.com

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$96bn managed or advised in Europe, North America, Asia, and South America. 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 640 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 1,000 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

www.ardian.com

PRESS CONTACTS

ARDIAN
LLYC
Tel: +34 91 563 77 22
VALVANERA LECHA
vlecha@llorenteycuenca.com
CRISTINA GONZÁLEZ-ALLER
cgonzaleza@llorenteycuenca.com

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KKR Closes $2.2 Billion Next Generation Technology Growth Fund II

KKR

Successor Fund Triples Down on Firm’s Commitment to Technology Growth Equity Sector

NEW YORK & LONDON–(BUSINESS WIRE)–Jan. 15, 2020– KKR, a leading global investment firm, today announced the final closing of KKR Next Generation Technology Growth Fund II (“NGT II” or the “Fund”), a $2.2 billion fund dedicated to growth equity investment opportunities in the technology space in North America, Europe and Israel.

NGT II is the successor fund to KKR Next Generation Technology Growth Fund (“NGT I”), KKR’s first dedicated global technology growth equity vehicle which completed fundraising in December 2016. Similar to its predecessor fund, NGT II is focused on generating strong returns for investors by investing in market-leading, high-growth technology companies through a combination of majority or minority stakes. In particular, NGT II is expected to make equity checks typically greater than $50 million in thematically targeted areas, including enterprise software, security, internet / digital media, fintech, and tech-enabled and data services.

“When we initially set out to create a dedicated technology growth equity strategy over five years ago, we did so believing we could provide a truly differentiated approach to the market by leveraging the broader KKR platform and resources. Looking back on the businesses we’ve helped scale since and the strong returns we’ve delivered for our investors while doing so, we’re proud to continue to build on this momentum with NGT II. We look forward to investing behind the many more opportunities we see ahead to partner with best-in-class businesses in the technology growth sector,” said Dave Welsh, KKR Partner and Head of Technology Growth Equity.

KKR has established a strong track record of supporting technology-focused growth companies, having invested over $2.7 billion in related investments since 2014 and having built a dedicated global team of 19 investment professionals with deep technology growth equity expertise. Over the last year alone, the Firm has executed a number of transactions as part of this strategy, including in KnowBe4 and OneStream.

For companies, KKR prides itself on offering more than access to financial capital, but also a unique set of resources to leverage including the Firm’s operational and industry expertise, deep network, global reach and insights from its more than 100 current portfolio companies worldwide.

“With this fund closing at over three times the size of its predecessor fund, we are thrilled to see the strong support from investors globally, both new and existing for our team, our commitment to this asset class, and our differentiated approach in the sector,” said Alisa Amarosa Wood, KKR Partner and Head of KKR’s Private Market Products Group.

The Fund received strong backing from a diverse group of new and existing global investors, including public pensions, insurance companies, family offices, high net worth individual investors and other institutional investors. KKR will be investing more than $265 million of capital in the Fund alongside these investors through the Firm’s balance sheet and employee commitments.

About KKR
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

Source: KKR

Media:
Kristi Huller or Cara Major
212.750.8300
Media@KKR.com

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DIF Capital Partners to invest in South Australian Schools PPP

DIF

DIF Capital Partners (“DIF”) is pleased to announce that the TESA Education consortium, comprising DIF Infrastructure V, Tetris Capital, Sarah Construction and ISS Facility Services, has reached financial close on the South Australian PPP Schools (“SA Schools”) project in Adelaide, Australia.

The SA Schools project involves the design, build, finance and maintenance of two new schools located ~40km north and south of Adelaide, respectively. Both schools will accommodate 1,500 students and will cater for an additional 100 students with learning difficulties. The schools will include community hubs, performing arts centres, gyms, sporting facilities, libraries and entrepreneurial hubs.

The availability-based project with the AA+ rated South Australian Department of Treasury and Finance has a tenor of 30 years, including a 28-year operational period.

Design and construction works will be undertaken by Sarah Construction and the facilities will be maintained by ISS Facility Services. Both schools are expected to open before the start of the 2022 academic year.

Marko Kremer, Partner and DIF’s Head of Australasia added: “DIF is excited to invest in this new schools project, which will provide modern educational facilities in fast-growing regions of the South Australian community and thereby contribute to the socioeconomic development of the region.”

About DIF Capital Partners

DIF is an independent infrastructure fund manager, with €6.0 billion of assets under management across eight closed-end infrastructure funds and several co-investment vehicles. DIF invests in greenfield and brownfield infrastructure assets located primarily in Europe, the Americas and Australasia through two complementary strategies:

  • DIF Infrastructure funds target equity investments in public-private partnerships (PPP/PFI/P3), concessions, utilities and renewable energy projects with long-term contracted or regulated income streams.
  • DIF CIF funds target equity investments in small to mid-sized infrastructure assets in the energy, transportation and telecom sectors with mid-term contracted income streams.

DIF has a team of over 135 professionals, based in nine offices located in Amsterdam (Schiphol), Frankfurt, London, Luxembourg, Madrid, Paris, Santiago, Sydney and Toronto. Please visit www.dif.eu for further information.

Contact:
Allard Ruijs, Partner
Email: a.ruijs@dif.eu

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Zinier raises $90M to transform field service workforces with AI-driven automation

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New Investor ICONIQ Capital Leads Series C Round

SAN FRANCISCO – January 15, 2020 – Zinier, the leader in intelligent field service automation, today announced that it has raised $90 million in Series C funding to transform field service workforces with AI-driven automation. New investor ICONIQ Capital led the round with new participation from Tiger Global Management, and return investors Accel, Founders Fund, Nokia-backed NGP Capital, France-based Newfund Capital and Qualcomm Ventures LLC. The funding will support global customer adoption and expansion of Zinier’s AI-driven field service automation platform, ISAC.

In the past year, more than $100 million was invested in Zinier to transform the way field service work gets done. From the electricity that lights up homes to wireless connectivity that enables communication around the world, it’s expected that these services work on demand. For companies that enable these services, the most important work falls on their field service organization. Historically, these teams have been slowed down by legacy systems and manual processes. As margins shrink and the volume of work continues to rise, it’s critical for enterprises to have real-time visibility into the field and drive productivity by automating routine work.

“Services that we rely on every day – electricity, transportation, communication – are getting by on centuries-old infrastructure that requires a major upgrade for the next generation of users,” said Arka Dhar, co-founder and CEO of Zinier. “A field service workforce powered by both people and automation is necessary to execute the massive amount of work required to not only maintain these critical human infrastructures, but to also prepare for growth. Our team is focused on enabling this transformation across industries through intelligent field service automation.”

Less than two years ago, Zinier built its own technology platform, ISAC, from the ground up and entered the market to help enterprises make the leap from reactive field service management to proactive field service automation. Since then, Zinier has worked with leading global companies like Black & Veatch and Car-Sa, and formed strategic partnerships with system integrators like Capgemini and Tata Consultancy Services.

“Zinier is poised to disrupt field service delivery as we know it,” said Will Griffith, Partner at ICONIQ Capital. “It is critical for companies to optimize this costly and complex part of their business, and Zinier has the platform-based technology and team to take on this global, multi-industry market. We are excited to partner with Zinier and support them in their mission of changing the paradigm on field service work on a global scale.”

This round of funding will accelerate:

  • Continued global expansion including entry into Australia, Brazil, Chile, France and the Iberian Peninsula.
  • R&D to expand ISAC’s AI-driven platform capabilities and configurability.
  • Expansion into additional industries that rely on field service work for business success.
  • Partnerships with leading system integrators around the world.

“Early field service software providers emerged decades ago and their solutions reflect just that,” said Dinesh Katiyar, Partner at Accel. “We continue to invest in Zinier because of its platform, its people and its potential to empower field service workforces with a dramatically more intelligent solution. Capturing and understanding data on the ‘who, what and where’ is critical to the mobile workforce of the future and Zinier is enabling enterprises to truly optimize this critical part of the business for the first time.”

2020 will be a pivotal year for companies providing services across telecom, energy, utilities and beyond. From the preparation for 5G to managing new data streams created by IoT-connected devices, field service organizations are a key driver of business growth and enabling game-changing developments that impact how we live.

About Zinier

Zinier’s intelligent field service automation platform helps organizations work smarter—from the back office to the field—to solve problems more quickly, fix things before they break, and maintain the services that we rely on every day. Field service organizations around the world use our AI-driven platform to supercharge every aspect of their field service operations. We are a global team headquartered in Silicon Valley with leading investors including Accel, ICONIQ Capital, Founders Fund, Newfund, NGP Capital, Tiger Global Management and Qualcomm Ventures LLC. Learn more at www.zinier.com.

About ICONIQ Capital

ICONIQ Capital is a privately-held financial advisory and investment firm, and a partner of choice for exceptional entrepreneurs, leaders and institutions around the world. The firm invests in technology growth equity and real estate asset classes and employs a distinctive ecosystem to build enduring businesses. ICONIQ is a trusted advisor fostering meaningful strategic relationships across industries to source powerful ideas, magnify global impact and support a new generation of entrepreneurs and companies. For a full list of investments made by ICONIQ Growth, an affiliate of ICONIQ Capital, please visit here.

About Accel

Accel is a leading venture capital firm that invests in people and their companies from the earliest days through all phases of private company growth. Acko, Atlassian, BlackBuck, BlueStone, BookMyShow, Braintree, BrowserStack, Cloudera, Collectabillia, CureFit, DJI, Dropbox, Etsy, Facebook, Flipkart, Freshworks, Housing-PropTiger, Lookout Security, Mitra Biotech, MuSigma, Myntra, Ola, Paxata, Portea, Qualtrics, Samunnati, Slack, Spotify, Supercell, Swiggy, UrbanClap and Vox Media are among the companies the firm has backed over the past 30 years. The firm seeks to understand entrepreneurs as individuals, appreciate their originality and play to their strengths, because greatness doesn’t have a stereotype. For more, visit www.accel.com, or www.twitter.com/accel_india.

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Partners Group acquires portfolio of 30 European office and logistics properties

Partners Group

Partners Group, the global private markets investment manager, has, on behalf of its clients, acquired a majority equity stake in a portfolio of 30 commercial properties in Germany, France and the Netherlands. The properties are part of a portfolio previously owned by Imfarr Beteiligungs GmbH and SN Beteiligungen Holding AG, and were acquired for a total transaction value of over EUR 550 million. The acquisition is a joint venture with Peakside Capital Advisors AG (“Peakside”).

The portfolio consists of 27 office and three logistics properties and is mostly located in Germany, with the remaining assets based in greater Paris and Amsterdam. The German portfolio includes buildings in Munich, Hamburg, and Stuttgart, as well as the greater Düsseldorf and Frankfurt regions, and comprises a well-diversified tenant base. Following the acquisition, Partners Group and Peakside will work on a range of value creation opportunities, including repositioning several properties, to optimize the portfolio’s value.

Lars Kreutzmann, Co-Head Private Real Estate Europe, Partners Group, states: “This acquisition significantly expands our real estate portfolio in Germany and underlines the importance of the German market for us on a relative value basis. The portfolio benefits from attractive prime and secondary office locations and is a great fit with our value creation strategy, whereby we focus on properties that can benefit from repositioning with sufficient time and capital. We plan to undertake a multi-year value creation program to maximize value for our clients.”

Mike Bryant, Co-Head Private Real Estate, Partners Group, adds: “This portfolio was originally part of a larger real estate portfolio that was brought to market close to a year ago. Following that sales process, which we followed closely, we were given the opportunity, through our network, to acquire the assets that best align with our relative value strategy. This targeted sourcing makes this acquisition a great fit for our Real Estate Opportunities strategy.”

In December 2019, Partners Group also agreed on behalf of its clients the sale of the “City Campus” office complex, situated on Saatwinkler Damm in the Charlottenburg district of Berlin, for a transaction value of around EUR 200 million. The property, which was repositioned during Partners Group’s holding period, includes 55,640 sqm of rental area and 479 parking spaces across six buildings. It was almost fully let to a mix of blue-chip tenants at the time of the sale.

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KKR Increases Commitment to KKR India Financial Services

KKR

Commitment to bolster financial position and enhance KIFS’ ability to provide financing solutions to companies in India

NEW YORK & MUMBAI–(BUSINESS WIRE)–Jan. 14, 2020– Global investment firm KKR today announced that it has committed to invest an additional US$150 million in KKR India Financial Services (“KIFS” or the “Company”), KKR’s alternative credit business in India. The new capital will bolster KIFS’ position in India’s structured credit space and will enable the Company to continue to partner with Indian borrowers with long-term capital needs.

Joe Bae and Scott Nuttall, Co-Presidents & Co-Chief Operating Officers of KKR, said, “Today is a unique time in the Indian credit markets, with many lenders unable to invest while the demand for alternative credit solutions continues to grow. This commitment demonstrates our ongoing support of the KIFS franchise and its future prospects. Moreover, it solidifies KIFS’ financial position, allows KIFS to be proactive in a dislocated market, and reflects our confidence in KIFS and its mission to finance India’s homegrown champions.”

KIFS provides Indian businesses with financing solutions, as well as alternative asset management and capital market strategies, and is supported by a deep local presence and KKR’s international investment expertise. KIFS has deployed more than US$5 billion of Indian credit investments over the past decade across more than 150 deals. The Company seeks to be an integral part of India’s financial system and to maintain long-term relationships with banks and mutual funds in India.

Sanjay Nayar, CEO of KKR India & CEO of KIFS, commented, “Private lending in India is more important than ever. India has been an important part of KKR’s global growth strategy in Asia, and this investment reinforces KKR’s commitment to the region and provides KIFS with additional resources to enable the continued success of its business.”

KKR will fund its commitment to KIFS through the Firm’s balance sheet. The proceeds of KKR’s investment will be used for general corporate purposes. KKR is the majority stockholder of KIFS, and will continue to coordinate with KIFS’ existing investors to drive the Company’s results. KIFS currently has a CRISIL credit rating of “AA” (Stable) and is regulated by the Reserve Bank of India as a non-bank finance company.

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE:KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About KKR India Financial Services

KKR India Financial Services (“KIFS”) is KKR’s alternative credit business in India that provides financing to companies. As of January 10, 2019, KIFS has executed over 150 deals in India worth more than US$5 billion.

Source: KKR & Co. Inc.

Media:

KKR Asia Pacific
Anita Davis
+852 3602 7335
Anita.Davis@kkr.com

AdFactors (for KKR India)
George Smith Alexander
+91 98213 56867
George.Smith@adfactorspr.com

KKR Americas
Kristi Huller & Cara Major
+1 212 750-8300
Media@kkr.com

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Questel acquires NRI Cyber Patent

ik-investment-partners

Questel, the global intellectual property software and services company, has signed the acquisition of NRI Cyber Patent in Japan, an IP Business Intelligence and Intellectual Asset Management solutions provider.

As a market leader founded 25 years ago, NRI Cyber Patent has over 50 employees and 1,000 customers. With this acquisition, Questel is now deeply embedded in the Japanese community. Questel has been present in the Japanese marketplace since the 90s through various distribution agreements.

Three years ago, Questel accelerated its investments by acquiring ULT (Questel Japan today) and Multiling with its Japanese subsidiary. The acquisition of NRI Cyber Patent makes Questel the number one provider of IP software and services in Japan.

For more information, please visit www.questel.com

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CapMan Real Estate in cooperation with Universal-Investment continues acquisitions for BVK by acquiring a property in Copenhagen from MT Højgaard

CapMan Real Estate press release
14 January 2020 at 4.30 p.m. EET
CapMan Real Estate in cooperation with Universal-Investment continues acquisitions for BVK by acquiring a property in Copenhagen from MT Højgaard

CapMan Real Estate expands Bayerische Versorgungskammer’s (BVK) Danish portfolio with the acquisition of a 8,900 sqm project developed by MT Højgaard in Flintholm. The acquisition expands the investment volume of CapMan’s mandate from BVK, which is a real estate fund held on the fund platform of Universal-Investment, to EUR 850 million based on the GAV of the portfolio.

The Flintholm property is located in Frederiksberg, an attractive residential area in Copenhagen, with park access and close to one of the main transportation hubs in the city.

The project will comprise 5,940 sqm residential area in 54 units, 500 sqm retail space and 59 parking spaces as well as storage space in the basement. All units will be equipped by either balconies or terraces.

The property is acquired on a forward funding basis from MT Højgaard, who will also be the general contractor. Construction of the property starts in the first quarter of 2020 with delivery of the turnkey project expected by the end of 2021.

“Flintholm is an excellent addition to BVK’s high quality residential portfolio. We look forward to our continued co-operation with BVK as we have a strong pipeline for further acquisitions across the Nordic countries,” comments Robert Feldt, Investment Director at CapMan Real Estate.

High requirements for architecture and townscape from Municipality of Frederiksberg

Architect Holscher Nordberg has designed an attractive project with attention to detail. This becomes apparent in the terraced building with the light shaded bricks, active zones in front of the retracted entrances, balconies with integrated plant containers and bay windows with views towards the park.

“With the development and sale of this project, we ensure a well-executed finalization of the area and delivery of a product that is in line with our own and the Municipality of Frederiksberg’s high requirements to architecture and townscape. We have been working with these features of the project, that in sum adds more value to the town and the community in the area”, comments Christina Jørgensen, Director of Project Development & PPP at MT Højgaard.

CapMan Real Estate’s Nordic organisation includes more than 40 committed real estate investment professionals, managing over €2.5 billion in real estate investments.

For further information, please contact:
Robert Feldt, Investment Director, CapMan Real Estate, tel. +45 50 51 88 41
Christina Jørgensen, Direktør for Projektudvikling & OPP, MT Højgaard, tel. +45 42 65 68 65

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. 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, fundraising advisory, and analysis, reporting and wealth management services. Altogether, CapMan employs 140 people in Helsinki, Stockholm, Copenhagen, London, Moscow and Luxembourg. Visit www.capman.com for more information.

About Bayerische Versorgungskammer:

Bayerische Versorgungskammer is the competence and service center for occupational and communal pension schemes and Germany´s largest pension scheme group under public law. As a public authority of the Bavarian Ministry of the Interior, it is the joint executive body of twelve liberal professions´ and communal pension schemes. Bayerische Versorgungskammer covers about 2.3 million insured persons in total, with contributions of €4.8 billion and €3.4 billion pension payments annually. It currently has €77 billion assets under management and 1,315 employees. www.versorgungskammer.de

About Universal-Investment

With fund assets of around EUR 491 billion under administration, thereof EUR 377 billion in own vehicles and around EUR 114 billion in, inter alia, insourcing, well over 1,400 mutual and special investment mandates and a workforce of around 750, Universal-Investment is the largest independent investment company in the German-speaking region. With the acquisition of UI labs in January 2019, the industry-leading IT data specialist now completes the Group’s service portfolio by adding front office and data solutions. The investment company is the central platform for independent asset management and unifies the investment know-how of portfolio managers, private banks, asset managers and investment boutiques. Founded in 1968, the Universal-Investment Group is headquartered in Frankfurt/Main and has subsidiaries, branches and holdings in Luxembourg, Poland and Austria. It is one of the pioneers of the investment industry and has meanwhile become the market leader in the areas of master-KVG and private label funds. According to the 2019 PwC ManCo Survey, Universal-Investment is the largest AIFM ManCo in Luxembourg; among the Third-Party-ManCos, Universal-Investment also ranks in first place (as of November 30, 2019). More information available at: www.universal-investment.com

About MT Højgaard A/S

MT Højgaard is one of the leading construction companies in the Nordics. We create those spaces that we live, work and move around in and we have been doing that for a hundred years. Today we combine our practical know-how with advanced technology and we insist on co-operation based on dialogue, curiosity, courage and enthusiasm. MT Højgaard is a part of MT Højgaard Group. The Group’s 3,600 employees focus on co-operation, innovation, processes and sustainability. Visit us at mth.dk.

 

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