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HENT signs major agreement with Statsbygg for construction of part of new Norwegian government district

The construction company HENT, 73% of which is owned by Ratos, has signed an agreement with the Norwegian government’s building commissioner, property manager and developer Statsbygg concerning the construction of A-block, part of the new government district in Oslo. HENT already has an agreement in place for D-block.

Construction of the new government district in Oslo started in January of this year, and construction of A-block is scheduled to commence in 2023. It is a major project for HENT and, like D-block, will be carried out as a so-called partnering contract.

“I am very proud that HENT has once again been entrusted to contribute to such a central part of Norway’s infrastructure as the government district. It is also gratifying to see that HENT’s focus on partnering is yielding results and, so far, A-block and D-block are the crowning jewels for HENT in Norway when it comes to this type of collaborative project,” says Christian Johansson Gebauer, Chairman of the Board of HENT and Head of Business Area at Ratos.

The building will cover a total of 17,300 square metres across 11 storeys, featuring a distinct exterior that will provide a sense of cohesion with the entire district. The new government district in Oslo is expected to be fully completed in 2029.

“In addition to being an important project in its own right, this project will continue to strengthen HENT’s backlog of orders, where public-sector customers are playing an increasingly important role,” Christian Johansson Gebauer continues.
For further information:
Christian Johansson Gebauer, Head of Business Area Construction & Services
+46 8 700 17 00

About Ratos:
Ratos is a business group consisting of 12 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2020, the companies have approximately SEK 34 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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Ardian acquires a stake in NetCo Group, a European leader in the design and general maintenance of conveyor systems, alongside the founding family Perriez

ik-investment-partners

Paris, June 17, 2021- Ardian, a world-leading private investment house, today announces that it has acquired a stake in NetCo Group, following investment from funds managed by IK Investment Partners (“IK”) and Andera Partners.

Founded in Bordeaux in 1902 by the Perriez family, NetCo has established itself as a European leader in the market for general maintenance and servicing of conveyor systems across a wide range of production sectors – particularly food processing, logistics, minerals and agro-food.

Now led by Samuel and James Perriez, the fourth generation of the Perriez family, the Group has recently expanded through a combination of strong organic growth as well as an ambitious acquisition strategy. This is evidenced by over 20 bolt-ons carried out since 2015, including the acquisition of stakes in ABM TECNA in Belgium in 2017, and in other European companies in the same sector, in Spain and Germany among others.

Today the Group manages a network of over 100 service points across France, Spain, Belgium, Germany and Luxembourg.

With the support of the Ardian Expansion team, NetCo’s management team – led by Samuel and James Perriez – intends to continue the Group’s expansion strategy both in France and internationally, taking advantage of the growing outsourcing of maintenance services in Europe, a market still highly fragmented.

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

Alexis Lavaillote, Managing Director of Ardian Expansion, said: “We have been impressed by the growth of NetCo and we are looking forward to working with its exceptional management team in a family business. The Group’s excellent reputation and the quality of the management team led by Samuel and James Perriez have enabled it to become a major European player. Supporting NetCo in the next stage of its development through this strategic partnership is a great opportunity.”

Samuel and James Perriez from NetCo added: “Our goal, to accelerate our international development by capitalising on our values, the ones of a family business, means that we see Ardian as a natural fit with whom to join forces. We believe the Expansion team has all the skills and expertise necessary to enable NetCo Group to achieve its growth ambitions.”

Pierre Gallix and Arnaud Bosc, Partners at IK and advisors to the IK Small Cap II Fund, commented: “The transformation of NetCo into a leading player on the European market in just two years demonstrates IK’s value as an investor and partner. We have been delighted to support them in their growth and would like to take this opportunity to congratulate Samuel and James Perriez for their exceptional leadership and wish them and Ardian all the best for this new chapter.”

François-Xavier Mauron, Partner and Arthur Milliard, Investment Director of Andera MidCap added: “We met Samuel and James Perriez in 2016 and we are very proud to have supported them in their growth, which has seen the company more than tripled in size in fewer than four years. Netco has grown into an international player through its organic and external growth that has been accelerated by the support of our fellow partners at IK since 2019.”

For further questions, please contact:

IK Investment Partners
Maitland/AMO
James McFarlane
Phone: +44 (0) 7584 142 665
jmcfarlane@maitland.co.uk

Ardian
Headland
Viktor Tsvertanov
Phone: +44 207 3435 7469
VTsvetanov@headlandconsultancy.co.uk

IK Investment Partners

IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €14 billion of capital and invested in 150 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com

Ardian

Ardian is a world-leading private investment house with assets of US$112bn 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 700 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 1,100 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt. For more information, visit www.ardian.com

NetCo

Founded in 1902, NetCo is the European specialist in the design, global maintenance and servicing of conveyor systems present in all production sectors (minerals, agro-food, logistics and environmental). With a network of over 100 service points, NetCo is recognised for its responsiveness, efficiency and highly technical, tailor-made services. Today, more than 950 employees work in the company’s various activities and sectors. For more information, visit www.groupe-netco.com

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EQT Private Equity acquires majority stake in Parcel2Go, UK’s largest parcel delivery marketplace and e-commerce shipping platform

eqt
  • Parcel2Go pioneered the concept of a parcel delivery marketplace in the UK, becoming the leading e-commerce shipping platform for SMEs and prosumers
  • Parcel2Go is addressing a large and fast-growing market supported by favorable megatrends such as the accelerating shift from retail to e-commerce, the proliferation of e-commerce startups and marketplaces, and the continued innovation and investment in parcel delivery infrastructure
  • EQT Private Equity will, together with Parcel2Go’s founders, support accelerated growth and further penetration of existing markets, organically and via M&A, by leveraging EQT’s strong digital and sector expertise, global platform and extensive advisory network

EQT is pleased to announce that the EQT Mid Market Europe fund (“EQT Private Equity”) has entered into an agreement to acquire a majority stake of Parcel2Go (“P2G” or “the Company”) from Mayfair Equity Partners (“Mayfair”) and management, who will remain as minority owners. P2G’s management team, including Executive Chair, James Greenbury, will continue to lead the Company, building on its strong execution track record of growth and product innovation.

Founded over 20 years ago and headquartered in Bolton, Parcel2Go has grown to be the category leader, providing marketplace services to all major UK carriers, offering collection and delivery services throughout the UK, Europe, and countries across the world. In addition to quick and easy price comparison options, Parcel2Go provides value added services such as SmartSend – software that enables SMEs and marketplace sellers to manage their deliveries across multiple platforms including eBay, Amazon and Etsy. Parcel2Go has also developed and rolled out a white label service for carriers which includes turnkey shipping software, a fully hosted website and post-sale customer service management.

P2G is addressing a large and fast-growing market supported by favorable secular megatrends, such as the accelerating shift from retail to e-commerce, the proliferation of e-commerce startups and marketplaces, and the continued innovation and investment in parcel delivery infrastructure.

EQT Private Equity aims to continue strengthening the position of P2G as the leading parcel delivery marketplace in the UK and support the acceleration of Company’s expansion by further investing in its platform and product, as well as enabling an ambitious plan for growth and penetration of new customer segments and international markets, organically and via M&A.

Victor Englesson, Partner within EQT Private Equity’s Advisory Team, said, “We are impressed by Parcel2Go’s achievements to date and are looking forward to partnering with James Greenbury, his management team and Mayfair to help unlock the company’s full potential. Parcel2Go is supported by numerous positive secular megatrends and represents a truly thematic investment for EQT. We are excited to continue supporting the company growth by further investing into its new platform, developing new products, and expanding into new markets.”

James Greenbury, Executive Chair of Parcel2Go, said, “We’re excited to welcome EQT as another high-quality partner, and we’re pleased that Mayfair will continue with us on the journey. After 20 years, we’re still highly ambitious and look forward to capitalising on new opportunities to innovate, disrupt the market and grow Parcel2Go.”

The transaction is expected to close subject to customary approvals in July 2021. The parties have agreed not to disclose the transaction value or financial details related to the deal.

PwC and Allen & Overy served as advisors to EQT Private Equity. Drake Star Partners (corporate finance), EY-Parthenon (commercial), PwC (financial), Goodwin Procter (legal) and Liberty Corporate Finance (management advisory) served as advisers to Parcel2Go, Mayfair and Management.

Contacts
EQT Press office, press@eqtpartners.com, +46 8 506 55 334

About EQT
EQT is a purpose-driven global investment organization with more than EUR 67 billion in assets under management across 26 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 Parcel2Go
Parcel2Go has been helping its customers to organise reliable domestic and international deliveries for the past 20 years. Based in Bolton, the company operates a cost-effective online parcel delivery and international freight shipping service with sophisticated integrations in to the world’s leading marketplaces, saving customers time as well as money. Parcel2Go offers access to the world’s leading courier services offering collection and delivery services throughout Britain, Europe, and countries across the world.

Categories: News

Apax Funds invest in CyberGrants

Apax

Funds advised by Apax (the “Apax Funds”) today announced that they have reached an agreement to acquire CyberGrants (or “the Company”), a leading provider of Software-as-a-Service (SaaS) solutions for corporate social responsibility (CSR), employee engagement, and volunteer management, from Waud Capital Partners. The transaction is expected to close in Q3 2021. Financial terms were not disclosed.

CyberGrants delivers market-leading CSR software solutions to some of the most respected companies and foundations in the world, helping them quickly activate their charitable causes to realize strategic, measurable outcomes. Its single platform solution enables customers, including more than half of the Fortune 100 companies, to easily scale their CSR programs and quickly transform grants and giving initiatives into impact that closely aligns with their corporate mission and values. CyberGrants’ network connects 10 million employees and their employers with 650,000 not-for-profit organizations.

Since its inception, Apax has been committed to creating a positive impact on the people and communities in which it operates. In 2006, the firm established the Apax Foundation to focus on grants and employee donations to enable social mobility in underserved communities. This experience, coupled with the Apax Tech team’s deep expertise in enterprise software, makes CyberGrants a unique platform investment for the firm. The Apax Funds will look to support CyberGrants as it continues to enhance its product suite, attract new customers, and pursue a broader impact-oriented growth strategy.

Mark Layden, CEO of CyberGrants, said: “The market for corporate social responsibility software is rapidly evolving as organizations look for enhanced agility to manage their expanding, and increasingly sophisticated, CSR programs to achieve social impact, and we’re excited to partner with Apax for the next phase of our journey. Their experience and know-how of both enterprise software and charitable giving markets will be of great value as we continue to enhance our platform to better support customers. I would like to thank Waud Capital Partners for their unwavering support over the past six years.”

Jason Wright, Partner at Apax, said: “We are thrilled to partner with CyberGrants and we look forward to supporting them in their mission to help organizations maximize their impact. For over a decade, Apax and the Apax Funds’ portfolio companies have strived to achieve measurable ESG and CSR objectives, and we continue to look for ways to increase our positive impact on society and the environment. These initiatives are made easier with the help of companies like CyberGrants.”

Adam Garson, Principal at Apax, added: “CyberGrants’ longstanding relationships with an extensive list of blue-chip customers is testament to the quality of their software platform. They have made significant investment in their product in recent years to drive customer satisfaction and impact outcomes, and we look forward to supporting Mark and the team as they look to improve their platform and grow their product into new markets.”

Matt Clary, Partner at Waud Capital Partners, commented: “Mark and his team have built a cloud leader in the emerging category of CSR, and have stayed focused on product excellence, customer commitment, and delivering on their social mission around the globe. We are very proud to have been their partner during this exciting period of growth and know they will continue to have success with their outstanding new partner, Apax.”

Apax was advised by Evercore (financial advisor) and Skadden, Arps, Slate, Meager & Flom (legal advisor). CyberGrants and Waud Capital Partners were advised by Raymond James (lead financial advisor), Shea &Co. (co-financial advisor), and Kirkland & Ellis LLP (legal advisor).

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Apax Funds to acquire Infogain from ChrysCapital

Apax

Funds advised by Apax (the “Apax Funds”) and ChrysCapital today announce that they have reached an agreement for the Apax Funds to acquire Infogain, a Silicon Valley-based leader in digital transformation and software services. The transaction is subject to customary closing conditions and is expected to close in Q3 2021. Terms of the transaction were not disclosed.

Founded in 1990 and headquartered in Los Gatos, California, Infogain provides human-centered digital platform engineering services to its customers. With a team of 5,000 globally, Infogain serves companies, including Fortune 500 customers, in the travel, healthcare, retail/consumer packaged goods (CPG), insurance, telecom, and tech industries, supporting them in their artificial intelligence, experience design and cloud journey, using advanced software technologies.

Drawing on the Apax Tech team’s significant experience in the tech-enabled services sub-sector, with 15 deals over the last 10 years, the Apax Funds, in partnership with Infogain’s management team, will look to continue and accelerate Infogain’s journey as a market leading digital transformation partner to its customers. Infogain has built a strong platform for growth with an impressive global customer base, and the Apax Funds will support the company’s continued focus on innovation, service excellence and customer impact.

Ayan Mukerji, incoming CEO of Infogain, said “We are excited to bring Apax on board as we embark on our next growth phase. Apax’s experience, track record and deep knowledge of the industry will help supercharge our growth, organically and through new strategic acquisitions. We will leverage opportunities to deepen and diversify our service offerings to support our clients’ – and our own – transformation journeys.”

Sunil Bhatia, outgoing CEO of Infogain, added “It was a great pleasure to have built an organization that is recognized among the Global Top 50 engineering services providers[1]. It has been a privilege to work alongside a world-class team to serve our customers without whom none of this would have been possible. I wish Ayan and Infogain all the very best for the future and would like to thank ChrysCapital for their unwavering support over the past several years.”

Shashank Singh, Partner at Apax, said “Digital engineering and technological excellence continue to be key competitive advantages across industries, and Infogain, with its platform strategy and highly talented team, is exceptionally well placed to help drive innovation and support its customers in developing differentiated human-centered solutions. Infogain has built an impressive platform with global delivery, strong product capabilities, and a loyal customer base. We are excited to partner with Ayan and the team to support them and their customers in this next phase of growth.”

Rohan Haldea, Partner at Apax, added: “Digital transformation and software engineering services have been key areas of focus for the Apax Funds over the last decade, underpinned by multiple successful investments. We’re excited to bring our experience in the space to the team at Infogain and to accelerate their expansion and investment in capabilities that enhance their global platform, delivering ever greater value for customers.”

Apax was advised by Kirkland & Ellis (legal advisor). Infogain was advised by Credit Suisse (financial advisor). ChrysCapital was advised by WSGR (legal advisor).

 

[1] Everest Group FY 2021

Company

Infogain 61121

Global media contact

Katarina Sallerfors

t: +44 20 7872 6300

Luke Charalambous

t: +44 20 7872 6300

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CapMan has published its Sustainable Investments Snapshot for 2021

Capman

CapMan press release
11 June 2021 at 9:30 a.m. EEST

CapMan has published its Sustainable Investments Snapshot for 2021

CapMan has published its third Sustainable Investments Snapshot, which covers CapMan’s approach to the integration of environmental, social and governance factors in our investment process and the progress in our funds.

CapMan is an active investor in growing businesses, real estate and infrastructure in the Nordic countries. As active owners, we influence through decision-making and by setting and promoting best practices, and funds managed by CapMan can drive change on a broad scale.

Investing is a direct way of influencing behaviour and promoting activities that are aligned with a framework of values. At CapMan, we are serious about investing in companies, activities and assets that contribute to the well-being of communities in which we operate, while adhering to good governance practice.

This past year, we have continued to develop our approach to sustainable investing by going over processes, gathering data, conducting materiality analysis and defining where we can make a real difference.

Select sustainability development in our operations and portfolio in 2020:

  • SDG 5 Gender equality: +3% more women on average in Buyout portfolio company management groups compared to 2019
  • SDG 8 Decent work and economic growth: +17% average jobs growth in Growth portfolio companies in 2020
  • SDG 13 Climate action: 23% reduction in CO2 emissions from 2019 levels for Norled, CapMan’s portfolio company accounting for the largest share of CO2 emissions in CapMan’s portfolio
  • SDG 13 Climate action: 65% reduction in CapMan Group CO2e footprint from 2019 levels, mostly due to reduced business travel

Please read the snapshot for more details.

www.capman.com/company/sustainability/
Sustainable Investments Snapshot 2021

For more information, please contact: 
Linda Tierala, Director, Communications & IR, CapMan Plc, +358 40 571 7895

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 close to €4 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 150 people in Helsinki, Stockholm, Copenhagen, Oslo, London 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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Latour invests in Aqua Robur Technologies AB

Latour logo
2021-06-11 08:30

Investment AB Latour (publ) has, through its subsidiary Latour Future Solutions AB, signed an agreement to invest in Aqua Robur Technologies AB (“Aqua Robur”).

Aqua Robur designs and manufactures IoT equipment, sensors, energy-harvesting products, and software for the water industry. The company offers a complete solution to water companies in order to digitize their water networks by collecting data from all types of water pipes, with the objective to provide our vital water resource in a safe and efficient system in the future.

The business started in 2015 within Chalmers Ventures and today has 10 employees with headquarters in Gothenburg. The company has been awarded several prizes, including the European Union’s 2 MEUR scholarship within Horizon 2020 as the best solution for water network monitoring. The company has about 200 installations at 30 customers and is now entering an exciting growth phase in the European market.

“With its patented technology, Aqua Robur is involved in digitizing the water industry. Their solutions contribute, among other things, to identifying leaks in freshwater pipes. A problem that in several European cities today amounts to losses of an unimaginable 25-50 percent of all freshwater produced. We have followed the team for a while and are proud to become active in their growth journey “, says Pelle Mattisson, CEO of Latour Future Solutions.

“Latour’s investment in Aqua Robur means that we get a new strong and stable minority owner with a large industrial network, and it also opens up new expansion and development opportunities for us. We look forward to continuing to develop Aqua Robur together,” says Niklas Wicén, VD Aqua Robur.

The investment has taken place via a directed share issue in Aqua Robur, where Latour Future Solutions AB has entered as a minority owner.

Göteborg, 11 June, 2021

INVESTMENT AB LATOUR (PUBL)
Johan Hjertonsson, CEO

For further information, please contact:
Pelle Mattisson, Latour Future Solutions AB, +46 705 80 06 57

Latour Future Solutions is an investment area within Latour that targets sustainability-focused growth companies. The goal is for the investments to create a sustainable society based on all dimensions; environmental, social and economic.

Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listed holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of nine substantial holdings with a market value of about SEK 80 billion. The wholly-owned industrial operations has an annual turnover of SEK 15 billion.

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Egeria invests in Elastofirm to support its next growth phase

Egeria

Amsterdam – June 9th, 2021 – The shareholders of Elastofirm have agreed to sell a majority stake to investment company Egeria. Existing shareholders and management will reinvest going forward.

Elastofirm has achieved strong growth in recent years through a successful buy-and-build strategy in the rubber market. Today, Elastofirm operates seven production sites in the Netherlands and Germany. Through its operating companies, the group provides customized compounds and tailor-made products to a broad range of loyal customers operating in various industries. In 2021, Elastofirm acquired Poppe Elastomertechnik GmbH (Germany) and a majority stake in QEW Engineered Rubber (Netherlands).

The investment by Egeria provides the company with the financial and operational support to continue its growth through international expansion and further acquisitions. Elastofirm’s inorganic growth strategy is focused around acquiring specialized companies active in the European rubber and plastics market.

Sander van Alphen, partner at Egeria: “We are impressed by the growth track record of Elastofirm and its operating companies. Through a combination of entrepreneurship, in-depth technical knowledge, customer intimacy and an efficient production setup, Elastofirm has built a strong market position in a fragmented market. We have a lot of confidence in the team and are excited to be able to support them in realizing the next growth phase of the business.”

Wim Noorlander, Elastofirm: “We are proud of Elastofirm and our employees that have contributed to the success of the group. Elastofirm has strong growth ambitions and we look forward to work together with Egeria to achieve these in the coming years.”

About Elastofirm
Elastofirm group consist of operating companies active in the compounding and processing of rubber. The group operates in total five production sites in the Netherlands (Lelystad (2x), Vaassen, Vorden and Hoogezand) and two in Germany (Giessen and Gelnhaussen). The operating companies in the group are Polycomp, Flevorubber compounding, QEW Engineered Rubber, Flevorubber Extrusie, Technische Profielen Produktie and Poppe Elastomertechnik. The Elastofirm group has been built over the last decade by the current shareholders through a successful buy-and-build strategy.

About Egeria
Established in 1997, Egeria is an independent Dutch investment company focused on medium-sized enterprises. Egeria invests in healthy businesses with an enterprise value of between EUR 50 million and EUR 350 million. Egeria believes in building businesses jointly with enterprising management teams (Boldly Building Together). Egeria Private Equity Funds has interests in 12 companies in the Netherlands and Germany, while Egeria Evergreen has investments in 6 companies. Egeria’s portfolio companies generate combined revenues of more than EUR 2 billion and employ circa 12,000 people. Other activities include Egeria Real Estate Investments, Egeria Real Estate Development and Egeria Listed Investments. In 2018 Egeria launched Egeria Do, a corporate giving programme that supports projects in the world of art, culture and society, but also within its investee companies.

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Equestrian sports chain Epplejeck focuses on European growth with Mentha investment

Mentha
Expansion with new shops and online activities in multiple countries
Investor Mentha has entered into a partnership with Epplejeck, the biggest retailer in the Benelux for equestrian sports. This enables Epplejeck’s strong position to be further expanded in the Netherlands and Belgium and to other European countries by the rollout of stores and the strengthening of the company’s online activities.
Since its foundation in 2008, Epplejack has grown into the leading equestrian specialist in the Benelux with 16 superstores and a web shop with a European reach. The stores measure about 1,000 m2 and Epplejeck employs more than 300 people. The stores sell almost all supplies and accessories for both horse and rider under their own brands and external labels.
Jacqueline Freeke, founder of Epplejeck together with Adam Postema: “Things have really taken off in recent years, thanks in part to the efforts of our fantastic team. Our aim is to make all riders in Europe fans of our brands. Together with Mentha we can expand the number of stores where people are truly immersed in all things equestrian. In addition, we wish to expand our online activities to be able to offer the same experience digitally.”
Barend Rutten, partner at Mentha: “After football, equestrian sport is financially speaking the largest sport in the Netherlands, and Epplejeck plays a prominent role in this. We are impressed by what Jacqueline and Adam have achieved with their team and are excited to continue building together and provide the ultimate all-round shopping experience to ever more riders.”

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Icario expands consumer engagement and health action platform with acquisition of ChipRewards

CVC Capital Partners

Clients can manage full member lifecycle strategies while leveraging Icario Insights and Connect to execute customised engagement initiatives

Icario, the healthcare industry’s largest health action company, today announced it has acquired ChipRewards, a leading SaaS platform used by health plans and employers to configure and manage consumer engagement programs. With this acquisition, Icario adds self-service configurability and management capabilities that empower health plan teams to customise their approaches to engagement across enrollment, targeted health actions, retention, satisfaction and overall experience initiatives.

“We are thrilled to welcome the team that built the ChipRewards platform to Icario,” said Steve Wigginton, CEO of Icario. “They have worked in close collaboration with the leading health plans in the country to build a high level of configurability and a superior consumer experience for their clients, and we look forward to extending the platform with Icario’s Insight, Connect and Personalization Engines.”

“Our business has always been about helping health plans and employers grow and sustain relationships with members, and we can now do that even more effectively under the Icario umbrella,” said Trey Hamer, Co-founder and CTO of ChipRewards, who will assume the role of President, ChipRewards. “We look forward to the dual win of helping Icario customers benefit from our existing capabilities while also opening up the vast benefits of the Icario platform to our current customer base.”

ChipRewards offers a fully configurable, enterprise-wide incentive and engagement platform, including targeted rewards and incentives, that provides a flexible solution for health plans. The platform’s agility enables health plans to dynamically configure an unlimited number of health action engagement programs across highly diverse populations. The SaaS platform includes seamless integration of a variety of rewards and incentives options, portal and app integration. Designed for a simple and efficient end-user implementation experience, the HITRUST compliant technology enables non-technical launch and management by diverse end users across customer support, sales, client services, brokers, and health plan quality and growth leaders.

The acquisition comes as CVC Capital Partners (“CVC”), a leading global private equity firm, has completed its acquisition of a majority interest in Icario through its CVC Growth Partners II fund. That announcement was first revealed in May.

“When we announced our majority investment in Icario, we were excited to support its organic and inorganic growth ambitions based on its business roadmap,” said Aaron Dupuis, Partner at CVC. “This strategic acquisition is aligned with our vision of establishing Icario as the leading platform for driving health plan performance through personalisation at scale.”

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