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Gimv invests in German energy storage specialist Smart Battery Solutions

GIMV

28/05/2019 – 07:30 | Portfolio

Gimv has acquired a majority stake in Smart Battery Solutions GmbH (SBS) based in Kleinostheim near Frankfurt. With Gimv’s support, the company aims to continue its strong growth path in the highly dynamic battery market, to increase its workforce, and to expand its production capacity.

Smart Battery Solutions (https://smart-battery-solutions.de/) was founded in 2010 by four industry experts and today employs 50 people. The company develops, manufactures and sells lithium-ion battery systems in the low voltage segment up to 60 volts. The product range covers the entire value chain, from the customer-specific assembly of externally produced batteries to the development and production of intelligent energy storage systems and charging technologies. SBS has also developed a number of proprietary battery management systems that control the operation and safe usage of battery systems.

Smart Battery Solutions’ product range is used in a variety of eMobility applications, including e-bikes, e-scooters, watercraft and drones. Furthermore, the company’s products can be found in stationary solutions such as constant power supply devices. The company’s strength lies in its ability to adjust quickly to individual customer and application-specific requirements with regard to form and features of the respective battery pack.

Last year, the Financial Times listed SBS among the 1,000 companies from 31 European countries with the highest annual sales growth between 2013 and 2016. Focus Money magazine ranked SBS as the number one company in its sector in 2018 for German growth champions.

Ronald Bartel, Partner, responsible for Gimv’s Smart Industries platform in the DACH region, says: “We are pleased to support Smart Battery Solutions and its founding team on their ambitious growth trajectory. The company operates in a highly dynamic market environment with strong demand. SBS is known by its customers for its agility, flexibility, and high degree of technological competence to meet even the most complex customer requirements. The company is an excellent fit for our Smart Industries platform, in which we aim to support technology-oriented companies with above-average growth ambitions to develop into market-leading positions in their niches.

The founders and senior managers of Smart Battery Solutions add: “Gimv is the ideal partner for us to support our growth plans in the future. Gimv will not just provide growth capital, but also its wide experience in accompanying technology companies in expansion. Together with Gimv, we will identify further solutions for new battery applications, establish new customer groups, as well as sales channels in other European countries. We are keen to stay at the forefront of the fast-growing battery market with our Made in Germany products.”

No further financial details will be disclosed.

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LiveU Announces Majority Investment from Francisco Partners to Accelerate Growth

Franciso Partners

Enables LiveU to focus on long-term strategy and advance its business objectives

HACKENSACK, New Jersey — LiveU, the leader in live IP video solutions, is pleased to announce that Francisco Partners, a global technology-focused private equity firm, together with co-investor IGP Capital, have acquired LiveU from its existing shareholders to accelerate further the company’s global expansion. With support from its new investors, LiveU will continue the company’s strong growth momentum.

LiveU is democratizing live video by providing high quality live video solutions for TV, mobile, online and social media with its innovative portable devices and cloud services. With over 3,000 customers in 130+ countries, LiveU’s technology is the solution of choice for leading broadcasters, sport organizations, news agencies, online and social media.

Samuel Wasserman, CEO and Co-Founder of LiveU, said, “We are delighted to have Francisco Partners, a firm with an established track record, as our new majority owner. This will allow us to focus on our long-term strategy and growth objectives, benefiting our customers, partners and employees. I would like to take this opportunity to thank our previous shareholders Canaan Partners, Viola Ventures, Pitango Venture Capital, and Lightspeed Venture Partners for their valued support along the way, and contribution to our success.”

“We have made tremendous progress in delivering on our promise to establish LiveU as the clear market leader in providing live video streaming solutions for TV, digital and social media,” added Wasserman. “This could not have been possible without the tireless efforts of our amazing employees developing and driving superior technology solutions that contribute to LiveU’s current market position.”

“We are extremely excited to be partnering with LiveU as the company enters the next chapter of its growth story,” said Eran Gorev, Senior Operating Partner at Francisco Partners. “LiveU is already recognized as the industry leader, and we look forward to partnering with IGP Capital and LiveU’s management team to further enhance the company’s solutions, grow the customer base and advance its strategic goals.”

Mario Razzini, Principal at Francisco Partners, added, “The broadcast and media industries are in a period of rapid change and LiveU is distinctively positioned to help customers capitalize on this opportunity with its strong market position and unmatched product innovation and performance.”

IGP Capital General Partner Assaf Harel, added, “We are thrilled to join Francisco Partners in backing the company and its talented team of professionals. LiveU is uniquely positioned in the global broadcast and media markets and we’re excited to support the company with new investment initiatives and future growth prospects.”

Goldman Sachs acted as exclusive financial advisor to Francisco Partners.

About Francisco Partners

Francisco Partners is a leading global private equity firm that specializes in investments in technology and technology-enabled businesses. Since its launch over 19 years ago, Francisco Partners has raised over $14 billion in committed capital and invested in more than 200 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com.

About IGP

Israel Growth Partners (IGP) is a private equity investment firm established with a mission to provide growth capital to Israeli-related technology companies. With $500 million in AUM, IGP seeks to partner with exceptional companies and management teams who are eager to accelerate their growth and to reach category leadership and significant position in their respective markets. For more information visit www.igpcapital.com.

About LiveU

LiveU is driving the live video revolution, providing live video streaming for TV, mobile, online and social media. Let your audience become part of your story with high-quality and flawless live video, transmitted from anywhere in the world, through the use of our patented bonding and video transport technology. LiveU creates a consistent bandwidth and a reliable connection so you can acquire, manage and distribute high quality remote live broadcasts over IP. Our broad portfolio of products sets the industry standard for live video production. From backpacks to smartphones, and satellite/cellular hybrid to external antenna solutions, LiveU offers a complete range of devices for live video coverage anytime, anywhere. In addition, LiveU offers extensive cloud-based management and video distribution solutions. With over 3,000 customers in 130+ countries, LiveU’s technology is the solution of choice for global broadcasters, online media, news agencies and social media. For more information, visit www.liveu.tv, or follow us on Twitter, Facebook, Youtube, LinkedIn or Instagram.

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Antares Leads Financing to Support CenterOak Partners’ Merger of Service Champions and Moore Home Services

Antares

CHICAGO–(BUSINESS WIRE)–Antares announced today that it served as lead left arranger and is acting as administrative agent for a senior secured credit facility to support the merger of Service Champions and Moore Home Services by CenterOak Partners.

“With a solid management team, a focus on customer service and a leading market position, the newly formed company is well positioned for continued growth.”

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Headquartered in Orange County, CA, the merger of Service Champions and Moore Home Services creates one of the largest residential HVAC contractors on the West Coast. Service offerings include residential heating and air conditioning repair and replacement, plumbing, solar and electrical services.

“We are pleased to have Antares lead the financing for this transaction as we form one of the leading providers of home maintenance and repair services across Southern and Northern California,” said Randall Fojtasek, managing partner with CenterOak Partners. “Given our longstanding relationship with Antares and their knowledge of the sector, we were confident in their ability to execute with speed and certainty.”

“We are pleased to support CenterOak as they put their experience and resources to work for this newly formed company,” said Doug Koch, managing director with Antares. “With a solid management team, a focus on customer service and a leading market position, the newly formed company is well positioned for continued growth.”

About Antares

With approximately $24 billion of capital under management and administration as of December 31, 2018, Antares is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2018, Antares issued nearly $25 billion in financing commitments to borrowers through its robust suite of products including first lien revolvers, term loans and delayed draw term loans, 2nd lien term loans, unitranche facilities and equity investments. Antares world-class capital markets experts hold relationships with over 400 banks and institutional investors allowing the firm to structure, distribute and trade syndicated loans on behalf of its customers. Since its founding in 1996, Antares has been recognized by industry organizations as a leading provider of middle market private debt, most recently being named the 2018 Lender of the Year by ACG New York. The company maintains offices in Atlanta, Chicago, Los Angeles, New York and Toronto. Visit Antares at www.antares.com or follow the company on Twitter at www.twitter.com/antarescapital. Antares Capital is a subsidiary of Antares Holdings LP., collectively (“Antares”).

Contacts

Antares Capital
Carol Ann Wharton
475-266-8053
carolann.wharton@antares.com

Categories: News

Adelis successfully exits Logent

Adelis Equity

Adelis Equity Partners Fund I (“Adelis”) has sold its majority stake in Logent AB (“Logent”) to Stirling Square Capital Partners.

In 2013, Adelis acquired a majority stake in Logent. During Adelis’ ownership, the company has been strategically repositioned from a logistics staffing-focused company to a leading contract logistics provider, offering high value-added services.

”Mats Steen, Sara Fors and the rest of Logent’s management team have done a fantastic job in building Logent into the leading independent contract logistics company in Sweden and Norway. They have built a strong foundation for the future, and Logent’s growth is now ready to take off, as evident by the strong sales momentum. We believe Stirling Square Capital Partners will be an excellent partner to support their exciting journey going forward. We at Adelis are very proud to have been part of Logent’s transformation into a true industry leader”, says Joel Russ and Jan Åkesson of Adelis.

Mats Jönsson, Chairman of Logent says: “It has been an honor to work with such a great team at Logent. Great investments in building a foundation and culture have led to strong results for our customers, employees and owners.”

”Logent’s management team is proud of the development that the company has achieved together with Adelis and our Board over the past several years. The close cooperation has been vital for the success of the strategic transformation. I’m now looking forward to Logent’s next chapter together with Stirling Square Capital Partners and our continued positive development”, says Mats Steen, CEO of Logent.

Adelis was advised by Nordea, Vinge and Alvarez & Marsal.

The parties have agreed not to disclose the purchase price. The transaction is subject to customary regulatory approvals.

For further information:

Logent: Mats Steen, CEO, +46 70 233 83 02

Adelis Equity Partners: Joel Russ, Partner, +46 73 543 90 68

Adelis Equity Partners: Jan Åkesson, Partner, +46 70 353 11 11

Logent

Logent is an independent contract logistics partner to logistics-intensive companies in Sweden and Norway. Logent has approximately 3,000 employees and operates along the whole logistics value chain within the business areas Warehousing, Transport Management, Customs, Ports, Staffing & Recruitment and Consulting.The company has turnover of SEK 1.3 billion. For more information please visit www.logent.se.

Adelis Equity Partners

Adelis is an active partner in creating value at medium sized Nordic companies. Adelis was founded with the goal of building the leading middle market private equity firm in the Nordics. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, acquiring 20 platform investments and making more than 50 add-on acquisitions. Adelis now manages €1 billion in capital. For more information please visitwww.adelisequity.com.

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Eurazeo Patrimoine supports the acquisition of the Belledonne Clinic by C2SGroup

Eurazeo

Paris, May 23,2019 –Eurazeo Patrimoine, Eurazeo’s investment division specializing in real estate and companies holding and operating real assets, announces the acquisition of the Belledonne Clinic,located near Grenoble(Isère, France) by C2SGroup. Created in 1967 in Saint-Martin-d’Hères,near Grenoble, the Belledonne Clinic offers a diversified and comprehensive range of medical services organized around seven activity sectors and particularly, cardiology, cancer surgery and maternity services. It has a capacity of 290 medical beds and 23 procedure rooms, thus becomingC2S Group’s largest clinic. Its reputation is regularly upheld by national private hospitals rankings.

With over 1,900 beds and places and an annual revenue of around €250 million, C2S Group is a major private hospital player in France. It is present in the Rhône-Alpes Auvergne and Bourgogne Franche-Comtéregions, where it has 14 clinics. C2S Group comprises around 710 doctors, who are partners in the Group’s governance, and nearly 2,500 employees. Through its presence in the Center-East region, combining state-of-the-art and local establishments, C2S Group clinics treat over 300,000 patients each year.

Eurazeo Patrimoine has supported C2S’s development since its acquisition in March2018, backing the Group’s external growth policy and helping it invest in capacity and modernization to strengthen the quality and attractiveness of its clinics.Eurazeo Patrimoine contributes financial and human resources and its investment and real estate transformation experience. The integration of the Belledonne Clinic in the Group forms part of this strategy and is a major step in C2S’s development, confirming its position as a key player in the Center-East region.

Renaud Haberkorn,Director of Eurazeo Patrimoine said: “We’re delighted to support C2S in its acquisition of the Belledonne Clinic, a top-tier asset both on operations and real estate level. The management team has demonstrated its ability to rapidly expand the Group, both organically and through instrumental acquisitions.

Eurazeo Patrimoine supports and encourages C2SGroup to achieve its ambitions.”Jean Rigondet, Chairman of C2SGroup, added: “It is essential for patients to be treated by talented practitioners, working together as a team,and to have access to well-organized and broad medical care. The acquisition of the Belledonne Clinic provides us with a high-level, comprehensive technical platform in Greater Grenoble. We’re extremely proud to integrate this reference clinic into our Group.”***

HAVAS PARISMAEL EVINE-mail: mael.evin@havas.comTel: +33 (0)6 44 12 14 91For more information, please visit the Group’s website: www.eurazeo.com Follow us on Twitter,LinkedIn, and YouTube

PRESS CONTACT EURAZEO

CONTACTS CAROLINE COHEN Head of Investor Relations ccohen@eurazeo.comTel.: +33 (0)1 44 15 16 76

VIRGINIE CHRISTNACHT Head of Communicationsvchristnacht@eurazeo.comTel: +33 1 44 15 76 44

About Eurazeo

Eurazeo is a leading global investment company, with a diversified portfolio of €17 billion in assets under management, including nearly €11 billion from third parties, invested in over 300 companies. With its considerable private equity, real estate, private debt and fund of funds expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its 235 professionals and by offering deep sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term.

Eurazeo has offices in Paris, New York, Sao Paulo,Buenos Aires,Shanghai, London, Luxembourg, Frankfurt and Madrid.

Eurazeo is listed on Euronext Paris.oISIN: FR0000121121 -Bloomberg: RF FP -Reuters: EURA.PA

About C2 SGroup

C2S Group is a multi-regional group of clinics specializing in general medicine and a leader in Auvergne-Rhône-Alpes and Burgundy Franche-Comté, with 14 clinics. C2S Group is currently implementing a sustained acquisition strategy to provide uniform and consistent geographic coverage. Medical practitioners and health professionals in these two regions are closely involved with the Group, which adopts a sustainable and high-performing outlook to human health. It has developed a patient-centric health ecosystem and is committed to offering a comprehensive range of treatments, which anticipates the needs of each patient to provide healthcare excellence.

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EQT acquires the leading Maltese telecom operator Melita

eqt

  • EQT Infrastructure acquires Melita from Apax Partners and Fortino Capital
  • Melita owns state of the art converged fixed and mobile telecom infrastructure and is the market leading operator on Malta
  • EQT Infrastructure to support growth of Melita by investing in its network and is committed to continue to provide high quality services to current and future customer

EQT Infrastructure IV (“EQT” or “EQT Infrastructure”), has signed an agreement to acquire Melita Limited (“Melita” or the “Company”) from Apax Partners and Fortino Capital

Founded in 1991, Melita is a fully converged and diversified telecommunication infrastructure owner as well as a leading services provider in Malta. Melita services consumers, business and government customers on Malta with mainly four types of products: nationwide Gigabit broadband services for households and small businesses, mobile and fixed telephony as well as TV services. Melita also offers colocation services and operates a purpose-built data centre. Melita will continue to operate under the leadership of CEO Harald Rösch, a longstanding Industrial Advisor to EQT.

EQT Infrastructure intends to support Melita’s growth by further upgrading its fixed and mobile networks and opening an additional data centre location on Malta. It will also support Melita’s internationalization strategy including its expansion in Italy as well as its innovative IoT connectivity proposition.

Ulrich Köllensperger, Partner at EQT Partners and Investment Advisor to EQT Infrastructure IV, comments: “EQT has been built on a passion for developing companies. We invest in good companies across the globe with the aim of turning them not only into great companies but also sustainable ones. This is exactly the formula we aim to apply to Melita, which is already an innovator in the Maltese market and beyond in terms of infrastructure, products and customer service. As a result, we are confident that the coming months and years will be exciting and rewarding both for Melita’s employees and for its customers.”

Harald Rösch, CEO of Melita, said: “This transaction is another proof of our success over the last years, built on the hard work from all employees and support from our owners. Thanks to our customers’ continued loyalty and increased trust we have positioned Melita as a telecom market leader in Malta in terms of innovation, technology and customer satisfaction. With the backing of EQT Infrastructure and their extensive experience in our industry, we will continue the journey by developing our networks and providing outstanding customer experience in the years to come. Melita is ideally positioned to grow in the Maltese telecom market and beyond.”

The parties have agreed not to disclose financial details of the transaction. The proposed transaction is subject to customary regulatory approvals.

Clifford Chance and Ganado Advocates acted as legal advisors to EQT Infrastructure.

Contacts
Ulrich Köllensperger, Partner at EQT Partners, Investment Advisor to EQT Infrastructure, +41 44 266 68 08
EQT Press office, +46 8 506 55 334
Malta: Conway Wigg, BPC Communications, +356 2124 321, info@bpc.com.mt

About EQT
EQT is a leading investment firm with more than EUR 61 billion in raised capital across 29 funds and around EUR 40 billion in assets under management. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About Melita
Founded in 1991, Melita is the market leading operator and owner of future-proof and converged fixed and mobile telecom infrastructure on Malta, offering mobile, fixed telephony, broadband and TV services to consumers, businesses and government clients. Melita also offers colocation services and operates a purpose-built data center.

More info: www.melita.com 

About Apax
Apax Partners is a leading European private equity firm based in Paris. With more than 45 years of experience, Apax Partners provides long-term equity funding to build and strengthen world-class companies. Funds managed and advised by Apax Partners exceed €3.3 billion. These funds invest in fast-growing middle-market companies across four sectors of specialisation: TMT, Consumer, Healthcare and Services.Paris-headquartered Apax Partners (www.apax.fr) and London-headquartered Apax Partners (www.apax.com) have a shared history but are separate, independent firms

More info: www.apax.fr

About Fortino Capital Partners
Fortino Capital Partners is an investment company that was founded in 2013 and is led by Duco Sickinghe, Renaat Berckmoes and Matthias Vandepitte. Fortino Capital invests in remarkable companies of today and tomorrow and actively helps companies to capture opportunities. They accelerate businesses and turn ambition into growth. The company manages a venture capital fund of EUR 80 million and a digital growth fund of EUR 200 million, which focuses on software and digital transformation. Fortino Capital’s investment portfolio includes Teamleader, Bloomon, Aproplan and MobileXpense, among others.

More info: www.fortino.be

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EQT Infrastructure acquires Melita

Fortino Capital

May 2019. EQT Infrastructure IV (“EQT” or “EQT Infrastructure”), has signed an agreement to acquire Melita Limited (“Melita” or the “Company”) from Apax Partners and Fortino Capital. 

Founded in 1991, Melita is a fully converged and diversified telecommunication infrastructure owner as well as a leading services provider in Malta. Melita services consumers, business and government customers on Malta with mainly four types of products: nationwide Gigabit broadband services for households and small businesses, mobile and fixed telephony as well as TV services. Melita also offers colocation services and operates a purpose-built data centre. Melita will continue to operate under the leadership of CEO Harald Rösch, a longstanding Industrial Advisor to EQT.

EQT Infrastructure intends to support Melita’s growth by further upgrading its fixed and mobile networks and opening an additional data centre location on Malta. It will also support Melita’s internationalization strategy including its expansion in Italy as well as its innovative IoT connectivity proposition.

Ulrich Köllensperger, Partner at EQT Partners and Investment Advisor to EQT Infrastructure IV, comments: “EQT has been built on a passion for developing companies. We invest in good companies across the globe with the aim of turning them not only into great companies but also sustainable ones. This is exactly the formula we aim to apply to Melita, which is already an innovator in the Maltese market and beyond in terms of infrastructure, products and customer service. As a result, we are confident that the coming months and years will be exciting and rewarding both for Melita’s employees and for its customers.”

Harald Rösch, CEO of Melita, said: “ This transaction is another proof of our success over the last years, built on the hard work from all employees and support from our owners. Thanks to our customers’ continued loyalty and increased trust we have positioned Melita as a telecom market leader in Malta in terms of innovation, technology and customer satisfaction.  With the backing of EQT Infrastructure and their extensive experience in our industry, we will continue the journey by developing our networks and providing outstanding customer experience in the years to come. Melita is ideally positioned to grow in the Maltese telecom market and beyond.”

Thomas de Villeneuve, partner at Apax Partners, said: “We are very proud of the journey achieved by Melita over those last 3 years. Under the leadership of Harald, Melita has heavily invested in its network, its digitial transformation to become a world class operator. We congratulate Harald and the whole Melita team for the amazing work they have achieved that also benefits to the whole Maltese community”.

Duco Sickinghe, Managing Partner at Fortino Capital Partners, comments: “We have enjoyed working with Apax Partners and Melita’s dedicated management team to build a leading telecom service provider in Malta. A company that every day again tries to serve its customers in the best possible way by using the latest available technologies.”

The parties have agreed not to disclose financial details of the transaction. The proposed transaction is subject to customary regulatory approvals.

Read the press release by Melita here: https://www.melita.com/eqt-acquires-melita/

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Ardian acquires a majority stake in Sintetica, a historic swiss pharmaceutical company, to support its internationalization strategy

Ardian

Mendrisio, May 23rd 2019. Ardian, a world-leading private investment house, announces the signing of a binding agreement for the acquisition of a majority stake in Sintetica SA, a Swiss pharmaceutical company, to support its international expansion in line with the management team’s strategy. Under the agreement, current shareholders will reinvest via a minority stake.
Founded in 1921, Sintetica specializes in research, manufacturing and marketing of sterile injectable solutions, mainly in anesthetics, analgesics and adrenergic agonists. The company has manufacturing plants in Mendrisio and Couvet (Switzerland)and employs 280 people. Sintetica has a portfolio of over 50 products which are distributed in more than 45 countries. The company has experienced strong growth in recent years (+31% CAGR in the period 2016-2018) and its turnover in 2018 was approximately CHF 75 million.
Sintetica’s unique proposition is characterized by high-quality and innovative products, which are the result of its close collaboration with hospitals and universities. Over the last few years, Sintetica has developed and patented several innovative drugs and ready-to-use formulations in-house, aligned with the latest needs of both patients (e.g. less use of opioid drugs) and hospitals (by supporting, among others, one-day-surgery).

Yann Chareton, Managing Director at Ardian, said: “We are excited to join forces with Sintetica and support the company in its next growth phase by investing in innovation and further improving product quality. Leveraging Ardian’s global network and consolidated experience in partnering with entrepreneurs and managers, we intend to support the company in the development of its strategic plan in continuity with the growth path already undertaken.”

Luca Bolzani, shareholder and Chairman of Sintetica’s Board of Directors, also on behalf of current majority shareholder Daphne, declared: “We are very pleased about the new partnership with Ardian, which will allow Sintetica to further develop its presence in international markets. At the end of a detailed evaluation phase, we have chosen to share our growth project with Ardian, thanks to its credibility and its industrial approach. We are sure that the opportunities arising from the new partnership will be crucial in accelerating our development phase and ensure the necessary continuity to Sintetica’s growth. We believe that, thanks to this partnership, the best conditions have been created to further develop the project we started in the early 2000s, which led Sintetica to become one of the most innovative companies in its reference market.”

Augusto Mitidieri, CEO of Sintetica, commented: “The company’s strategy is based on a global innovation leadership. Quality without compromise and a relentless propensity to innovate are the cornerstones of our strategic plan. People are our most important asset and represent the main reason for our success. We are all pleased to share the new chapter of the company’s growth with Ardian, which will contribute to strengthening Sintetica’s global expansion.”

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$90bn 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 600 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 880 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
www.ardian.com

ABOUT SINTETICA

Founded in 1921 and based in Mendrisio, Sintetica is a Swiss pharmaceutical company specialized in the research, manufacturing and marketing of sterile injectable solutions, including anaesthetic, analgesic and adrenergic drugs, distributed in more than 45 countries. Sintetica operates with an agile distribution model based on two channels: a direct one with hospitals (in Switzerland, Germany, Austria, the United Kingdom and Ireland) and another one based on strategic partnerships through license agreements on a global basis.
With 280 employees and manufacturing plants in Mendrisio and Couvet, the company is globally recognised for its innovative human-centred organisational model, the distinctive go to market philosophy based on a 360 degrees respect and on the high quality of its products.
www.sintetica.com

LIST OF PARTICIPANTS

ARDIAN – Advisor
M&A Advisor: Leopoldo Zambeletti
Commercial Due Diligence: IQVIA – Massimiliano Rubin, Dean Griffiths
Financial Due Diligence: PWC – Emanuela Pettenò, Luca Vergani
Tax: Gitti & Partners – Diego De Francesco, Paolo Ferrandi
Legal: Gianni, Origoni, Grippo, Cappelli & Partners – Gianluca Ghersini, Valentina Dragoni, Raffaella Ceglia
Financing: Gattai, Minoli, Agostinelli & Partners – Lorenzo Vernetti, Silvia Romano, Giorgia Gentilini
Operational Due Diligence: Candesic – Marc Kitten, Floris Wentholt

SINTETICA – Advisor
Financial Due Diligence: PWC – Federico Mussi, Francesco Tieri
M&A Advisor: Rothschild & Co
Legal Advisor: NCTM – Paolo Montironi, Pietro Zanoni, Eleonora Parrocchetti, Alessia Trevisan
Tax: Ludovici Piccone & Partners – Michele Aprile, Loredana Conidi, Daniel Canola

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Ardian Real Estate acquires office bulding “3 HÖFE WORK” in Berlin from LBBW

Ardian

Third investment in Berlin underscores importance of the German real estate market in Ardian Real Estate’s investment strategy

Frankfurt am Main/Berlin, May 23, 2019 – Ardian, a world-leading private investment house, has finalized an agreement with LBBW Immobilien Development GmbH to acquire the office project “3 Höfe work”, which is currently under construction, at Lützowstrasse 107-112 in central Berlin. Financial details of the transaction will not be disclosed.

Located in close proximity to Potsdamer Platz and the City Park at Gleisdreieck, the property will have around 18,000 sqm of rental space in one of Berlin’s most sought-after office locations. The property is the third investment by Ardian Real Estate in Berlin.

The office complex is expected to be completed in the third quarter of 2021. It will have seven stories and an underground car park with 52 parking spaces. The modern architecture offers attractive and flexible floor space options – allowing for a variety of room concepts – as well as high quality fixtures and fittings. The property is well-served by public transport and is within walking distance of Gleisdreieck underground station. With an area of 4,500 sqm, the property will comprise four development units with two main entrances and around 2,500 sqm of rental space per floor.

Bernd Haggenmüller, Managing Director, Ardian Real Estate, said: “The construction project “3 Höfe work” is an ideal addition to our existing property portfolio in Berlin. With the property at Lützowstrasse 105-106, we have just recently in December 2018 acquired a property in direct vicinity to our new investment, underscoring the attractiveness of the Gleisdreieck location. We anticipate continued high demand for office space in central Berlin and, combined with low vacancies, we expect further dynamic rental and value growth potential for modern and attractive properties. Berlin is known for its thriving and diverse corporate landscape and is therefore a core market for Ardian Real Estate, which acquires and develops attractive core-plus and value-add properties in key European cities.”

Other investments made so far by Ardian Real Estate in Germany include office complexes in Berlin (Spichernstrasse and Lützowstrasse), as well as the Konrad and Heinemann Bogen office complexes in Munich. Several months after acquiring the first two properties in Berlin, Ardian achieved considerable success with their subsequent leasing activity.

Acquired in September 2018, the office building on Spichernstrasse 2 in Berlin City-West – which possesses a rental space of 12,600 sqm – has now been fully leased following a quarter of leases in the area having expired at the end of 2018. The office complex at Lützowstrasse 105-106 is also experiencing high demand for rental space. The building has a rental space of approximately 30,000 sqm, and currently has an occupancy rate of more than 90 percent. With its proven rental expertise, Ardian will also look to promote “3 Höfe work”’s attractive office location.

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$ 90bn 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 600 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 880 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Ardian on Twitter @Ardian
www.ardian.com

COMPANIES INVOLVED IN THE TRANSACTION

On the buyer’s side, Herbert Smith Freehills, REC and taxess acted in an advisory capacity during the transaction. P+P Pöllath + Partners and BNP Paribas. The debt financing for the transaction was provided by pbb Deutsche Pfandbriefbank.

PRESS CONTACT

CHARLES BARKER
Peter Steiner
peter.steiner@charlesbarker.de
Tel: +49 69 79409027
Jan P. Sefrin
Tel: +49 69 79409026

 

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CDPQ provides financing to Medavie Inc. to support advancement of strategic objectives

Cdpq

La Caisse de dépôt et placement du Québec (“CDPQ”) today announced $75 million in financing, which could be increased to $100 million, in the form of a subordinated private debt, to Medavie Inc. (“Medavie”), a Canadian non-profit organization.

Medavie operates Medavie Blue Cross, a premier all-in-one insurance carrier that provides health, dental, travel, life and disability benefits, and administers various government-sponsored health programs, along with Medavie Health Services.

“As a leading health solutions partner in Canada, we are continually reinvesting in our business to help improve the wellbeing of Canadians,” said Bernard Lord, CEO, Medavie. “Our financials are strong and trending for continued growth, and we are pleased to work with CPDQ on an investment structure that best suits our overall needs.”

This transaction, structured directly by CDPQ, will provide Medavie with additional capital as it continues to advance its growth initiative.

“Because of its resilience to economic cycles and the stable returns it generates over a long-term horizon, the insurance sector is perfectly in line with our credit strategy,” said Marc Cormier, Executive Vice-President, Fixed Income, at CDPQ. “CDPQ is delighted to support Medavie, a high-quality organization that has diversified its services to provide health care solutions across Canada.”

In addition to its interests in certain Québec insurers, CDPQ carried out major transactions in this sector abroad in the past few years, with investments in Greenstone in Australia, USI and Sedgwick in the United States, and U.K.-based Hyperion Insurance Group.

ABOUT MEDAVIE

Medavie is a national health solutions partner. Together, with our more than 6,400 employees, we are committed to improving the wellbeing of Canadians.

As a not-for-profit organization, Medavie oversees Medavie Blue Cross, a premier all-in-one benefits carrier and public health program administrator, and Medavie Health Services, a national primary health care solutions organization and the largest private provider of EMS management services in Canada.

We don’t have shareholders. Instead, we are proud to invest in the Medavie Health Foundation to address some of our country’s most pressing physical and mental health care challenges.

ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC

Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at December 31, 2018, it held CA$309.5 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.

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