Onex Agrees to Acquire Gluskin Sheff

Onex

Together they will provide investors with a comprehensive investment offering across both private and public markets

– Toronto, March 22, 2019 – Onex Corporation (“Onex”) (TSX: ONEX) and Gluskin Sheff + Associates Inc. (“Gluskin Sheff”) (TSX: GS) today announced they have entered into a definitive agreement under which Onex will acquire 100% of Gluskin Sheff for C$14.25 per share. The purchase price represents a 28% premium to Gluskin Sheff’s closing share price on March 22, 2019, and a 37% premium to the 60-day volume weighted average price (VWAP). The total cash consideration for 100% of Gluskin Sheff’s equity is approximately C$445 million.

This combination will bring together two of Canada’s most entrepreneurial and successfulinvestment firms and broaden the product suite available to Gluskin Sheff’s clients. Gluskin Sheffwill continue to be led by its existing leadership team and operate under its brand.

Gerry Schwartz, Chairman and Chief Executive Officer of Onex, said, “Gluskin Sheff is one of the largest and most respected independent wealth management firms in Canada, serving high networth families and institutional investors, with a strong long-term track-record of risk-adjusted investment returns and outstanding client service. By combining Gluskin Sheff’s public securities investing platforms with Onex’ private equity and private debt platforms the clients of both firms will have greater investment options.”

Jeff Moody, President and Chief Executive Officer of Gluskin Sheff, stated, “Onex is the ideal partner for us and our clients. We have a strong cultural fit and a like-minded approach to investing and risk management, which includes financial alignment between our teams and our investors. This partnership will provide us with the resources to better serve all of our clients and expand our product offerings with alternative investment strategies.”

Nancy Lockhart, Chair of the Gluskin Sheff Board, added, “We are delighted Onex has recognized our highly valued client base, team and reputation in the market and believe the all-cash offer represents an attractive opportunity for our shareholders.”The transaction is to be effected by way of a court-approved plan of arrangement and is expected to close in the first half of 2019, subject to receipt of Gluskin Sheff shareholder and courtapprovals, required regulatory approvals and customary closing conditions.

Recommendation of the Board

The Gluskin Sheff Board of Directors, after consultation with its financial and legal advisors, has unanimouslyapproved the transaction and determined that it is in the best interests of Gluskin Sheff, and unanimously recommends that Gluskin Sheff shareholders vote in favour of the transaction. Blair Franklin Capital Partners Inc. (unrelated to the Funds managed by Gluskin Sheff), acting as financial advisor to the Gluskin Sheff Board, has provided the Gluskin SheffBoard with its opinion (as it relates to those not rolling-over their shares as described below) that the consideration under the transaction is fair, from a financial point of view, to such Gluskin Sheffshareholders. Each of the directors and executive officers of Gluskin Sheff have entered into voting support agreements pursuant to which each has committed to vote in favour of the transaction.

Additional Transaction Details

Certain members of senior management of Gluskin Sheff have agreed to roll-over a significant portion of their Gluskin Sheff shares into Onex subordinate voting shares. The number of Gluskin Sheff shares expected to roll-over is approximately 7% of the Gluskin Sheff shares outstanding.

A special meeting of Gluskin Sheff shareholders to consider the proposed transaction is expected to be held on or before May 16, 2019. The transaction requires the approval of at least 66⅔% of the votes cast in person or by proxy at the meeting as well as the approval of a “majority of the minority” of votes cast by shareholders other than the individuals rolling-over their shares. Until closing, Gluskin Sheff is entitled to pay its regular quarterly cash dividend consistent with its dividend policy and past practice in an amount not exceeding C$0.25 per share.

The definitive transaction agreement is subject to customary non-solicitation provisions, including Gluskin Sheff’s right to consider and accept superior proposals, subject to a right to match in favour of Onex. A termination fee of C$13.3 million will be payable by Gluskin Sheff to Onexshould the transaction not close in certain circumstances, including if the transaction is not completed as a result of a superior proposal.Further information regarding the transaction will be included in Gluskin Sheff’s management information circular, which will be mailed to Gluskin Sheff shareholders in due course. Copies of the transaction agreement and the management information circular will be available on the SEDAR website at www.sedar.com.

About Onex

Onex is one of the oldest and most successful private equity firms. Through its Onex Partners and ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with talented management teams. At Onex Credit, Onex manages and invests in leveraged loans, collateralized loan obligations and other credit securities. Onex has $31 billion of assets under management, including $6.4 billion of Onex proprietary capital, in private equity and credit securities. With offices in Toronto, New York, New Jersey and London, Onex and the team are collectively the largest investors across Onex’ platforms.

Onex’ businesses have assets of $51 billion, generate annual revenues of $32 billion and employ approximately 217,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.

About Gluskin Sheff

Gluskin Sheff is one of Canada’s pre-eminent wealth management firms. Founded in 1984 and serving high net worth private clients and institutional investors, the company is dedicated to meeting clients’ needs by delivering strong risk-adjusted returns together with the highest level of personalized client service. The company’s common shares are listed on the Toronto Stock Exchange under the symbol GS.

For more information about the company, please visit www.gluskinsheff.com.

Forward-Looking Statements

This news release contains forward-looking statements about the proposed acquisition by Onex of Gluskin Sheff. Specific forward-looking statements include statements with respect to certain strategic benefits; the timing of the Gluskin Sheff shareholder meeting and publication of related materials; and the expected completion date of the proposed transaction. There can be no assurance that the proposed transaction will occur or that the anticipated strategic benefits will be realized. The proposed transaction is subject to shareholder and court approvals and the fulfillment of certain conditions, and there can be no assurance that any such approvals will be obtained and/or any such conditions will be met. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on Onex and Gluskin Sheff management’s current expectations as of the date of this news release. Onex and Gluskin Sheff disclaim any obligation to update any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law.

For further information:OnexEmilie BlouinDirector, Investor RelationsTel: +1 416.362.7711Gluskin SheffDavid R. MorrisChief Financial Officer and SecretaryTel: +1 416.681.6036

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Francks Kylindustri Invests in Energimultiplikation Kyl- & Värmeteknik i Hedemora AB

Segula

21 March, 2019

Francks Kylindustri continues its geographic expansion through the acquisition of Energimultiplikation Kyl- & Värmeteknik i Hedemora AB (”Kyl & Värmeteknik”)

Previous owners Anders Hägg, Mats Thorsander and Jan Söderström will continue to be active in the group working with Francks Kylindustri Bergslagen. In connection with the transaction, Patrik Lindblom will assume the role as CEO for Franck Kylindustri in Bergslagen. Patrik is currently the branch manager in Falun for Kyl & Värmeteknik.

“For Francks Kylindustri the acquisition of Kyl & Värmeteknik is in line with our business plan to grow in Dalarna. We look forward to work together with the previous owners to continue to develop the business.”
Per Hannius, Francks Kylindustri

“It feels good to sell the business to Francks Kylindustry Bergslagen AB who is part of a group that is a leading player within commercial cooling solutions in Sweden. Our staff will see further opportunities to broaden their skills and grow within the industry.”
Jan Söderström, Kyl & Värmeteknik

For further information:

Please visit www.franckskylindustri.se or contact:
Per Hannius, CEO, Francks Kylindustri AB, +46 73 53 99 225

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PDI Receives Investment from Insight Venture Partners to Fuel Continued Global Growth

Insight Venture Partners joins Genstar and TA Associates in backing PDI to help expand its global reach and solution portfolio.


ATLANTA, March 20, 2019 – PDI, a leading global provider of enterprise software solutions to the convenience retail, wholesale petroleum and logistics industries, announced today an investment by Insight Venture Partners (Insight) to support the company’s continued global growth. Insight Venture Partners joins Genstar and TA Associates, who will both retain minority stakes in PDI.

Insight is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has invested in more than 300 companies worldwide, working with visionary executives to provide practical, hands-on growth expertise to foster long-term success.

“Insight is an experienced investor with a long-term perspective that will help PDI continue to meet the growing and changing needs of our customers, innovate our software portfolio, and provide world-class global service. We believe the added capital and resources provided by Insight, in addition to the ongoing support and confidence from Genstar and TA Associates, will further the development of our advanced software portfolio and allow for strategic add-on acquisitions that we are confident will meet the needs of a rapidly changing market,” said Jimmy Frangis, CEO, PDI.

“This investment is a strong vote of confidence in PDI’s long-term strategy and future growth potential, and we’re thrilled to welcome the team to our portfolio,” said Deven Parekh, Managing Director, Insight Venture Partners. “PDI’s 35-year heritage of putting customers first and providing leading software solutions, technologies, and services to help them thrive in the digital economy created a strong interest in the company and was an immediate draw for us. We look forward to working with the management team, Genstar and TA Associates to continue strengthening and broadening PDI’s market footprint.”

“Throughout our partnership with PDI’s management team, PDI has successfully executed against its growth strategy through organic initiatives and accretive acquisitions, expanding its software offerings and global reach,” said Eli Weiss, Managing Director, Genstar Capital, and Hythem El-Nazer, Managing Director, TA Associates. “We are pleased to partner with Insight to continue to drive PDI’s growth and unwavering focus on software innovation that will bring a new level of experience to the customers and industries it serves.”

Added, Frangis, “PDI’s customers are truly the cornerstone of our success. This new relationship with Insight supports our objective to be a trusted partner and advisor for our customers, bring together the most innovative and advanced technologies and develop the strongest team with unprecedented industry experience.”

Lazard served as financial advisor and Irell & Manella as lead legal counsel to PDI. Additional terms of the deal were not disclosed.

About PDI

PDI helps convenience retailers and petroleum wholesalers thrive through digital transformation and enterprise software that enables them to grow topline revenue, optimize operations and unify their business across the entire value chain. Over 1,500 customers in more than 200,000 locations worldwide count on our leading ERP, logistics, fuel pricing and marketing cloud solutions to provide insights that increase volume, margin and customer loyalty. For more than 35 years, our comprehensive suite of solutions and unmatched expertise have helped customers reimagine their enterprise and deliver exceptional customer experiences. For more information about PDI, visit www.pdisoftware.com.

About Insight Venture Partners

Insight Venture Partners is a leading global venture capital and private equity firm investing in high- growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight currently has over $20 billion of assets under management and has cumulatively invested in more than 300 companies worldwide. Our mission is to find, fund and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. Across our people and our portfolio, we encourage a culture around a core belief: growth equals opportunity. For more information on Insight and all its investments,

visit www.insightpartners.com.

About Genstar Capital

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for more than 30 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar manages funds with total capital commitments of approximately $17 billion and targets investments focused on targeted segments of the financial services, software, industrial technology, and healthcare industries.

About TA Associates

TA Associates is one of the largest and most experienced global growth private equity firms. Focused on five target industries – technology, healthcare, financial services, consumer and business services

– TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in growth companies. TA has raised $24 billion in capital since its founding in 1968 and is committing to new investments at the pace of $2 billion per year. The firm’s more than 85 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.

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Francks Kylindustri Invests in Energimultiplikation Kyl- & Värmeteknik i Hedemora AB

Segula

Francks Kylindustri continues its geographic expansion through the acquisition of Energimultiplikation Kyl- & Värmeteknik i Hedemora AB (”Kyl & Värmeteknik”)

Previous owners Anders Hägg, Mats Thorsander and Jan Söderström will continue to be active in the group working with Francks Kylindustri Bergslagen. In connection with the transaction, Patrik Lindblom will assume the role as CEO for Franck Kylindustri in Bergslagen. Patrik is currently the branch manager in Falun for Kyl & Värmeteknik.

“For Francks Kylindustri the acquisition of Kyl & Värmeteknik is in line with our business plan to grow in Dalarna. We look forward to work together with the previous owners to continue to develop the business.”
Per Hannius, Francks Kylindustri

“It feels good to sell the business to Francks Kylindustry Bergslagen AB who is part of a group that is a leading player within commercial cooling solutions in Sweden. Our staff will see further opportunities to broaden their skills and grow within the industry.”
Jan Söderström, Kyl & Värmeteknik

For further information:

Please visit www.franckskylindustri.se or contact:
Per Hannius, CEO, Francks Kylindustri AB, +46 73 53 99 225

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PDI Receives Investment from Insight Venture Partners to Fuel Continued Global Growth

Insight Venture Partners joins Genstar and TA Associates in backing PDI to help expand its global reach and solution portfolio.


ATLANTA, March 20, 2019 – PDI, a leading global provider of enterprise software solutions to the convenience retail, wholesale petroleum and logistics industries, announced today an investment by Insight Venture Partners (Insight) to support the company’s continued global growth. Insight Venture Partners joins Genstar and TA Associates, who will both retain minority stakes in PDI.

Insight is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has invested in more than 300 companies worldwide, working with visionary executives to provide practical, hands-on growth expertise to foster long-term success.

“Insight is an experienced investor with a long-term perspective that will help PDI continue to meet the growing and changing needs of our customers, innovate our software portfolio, and provide world-class global service. We believe the added capital and resources provided by Insight, in addition to the ongoing support and confidence from Genstar and TA Associates, will further the development of our advanced software portfolio and allow for strategic add-on acquisitions that we are confident will meet the needs of a rapidly changing market,” said Jimmy Frangis, CEO, PDI.

“This investment is a strong vote of confidence in PDI’s long-term strategy and future growth potential, and we’re thrilled to welcome the team to our portfolio,” said Deven Parekh, Managing Director, Insight Venture Partners. “PDI’s 35-year heritage of putting customers first and providing leading software solutions, technologies, and services to help them thrive in the digital economy created a strong interest in the company and was an immediate draw for us. We look forward to working with the management team, Genstar and TA Associates to continue strengthening and broadening PDI’s market footprint.”

“Throughout our partnership with PDI’s management team, PDI has successfully executed against its growth strategy through organic initiatives and accretive acquisitions, expanding its software offerings and global reach,” said Eli Weiss, Managing Director, Genstar Capital, and Hythem El-Nazer, Managing Director, TA Associates. “We are pleased to partner with Insight to continue to drive PDI’s growth and unwavering focus on software innovation that will bring a new level of experience to the customers and industries it serves.”

Added, Frangis, “PDI’s customers are truly the cornerstone of our success. This new relationship with Insight supports our objective to be a trusted partner and advisor for our customers, bring together the most innovative and advanced technologies and develop the strongest team with unprecedented industry experience.”

Lazard served as financial advisor and Irell & Manella as lead legal counsel to PDI. Additional terms of the deal were not disclosed.

About PDI

PDI helps convenience retailers and petroleum wholesalers thrive through digital transformation and enterprise software that enables them to grow topline revenue, optimize operations and unify their business across the entire value chain. Over 1,500 customers in more than 200,000 locations worldwide count on our leading ERP, logistics, fuel pricing and marketing cloud solutions to provide insights that increase volume, margin and customer loyalty. For more than 35 years, our comprehensive suite of solutions and unmatched expertise have helped customers reimagine their enterprise and deliver exceptional customer experiences. For more information about PDI, visit www.pdisoftware.com.

About Insight Venture Partners

Insight Venture Partners is a leading global venture capital and private equity firm investing in high- growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight currently has over $20 billion of assets under management and has cumulatively invested in more than 300 companies worldwide. Our mission is to find, fund and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. Across our people and our portfolio, we encourage a culture around a core belief: growth equals opportunity. For more information on Insight and all its investments,

visit www.insightpartners.com.

About Genstar Capital

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for more than 30 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar manages funds with total capital commitments of approximately $17 billion and targets investments focused on targeted segments of the financial services, software, industrial technology, and healthcare industries.

About TA Associates

TA Associates is one of the largest and most experienced global growth private equity firms. Focused on five target industries – technology, healthcare, financial services, consumer and business services

– TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in growth companies. TA has raised $24 billion in capital since its founding in 1968 and is committing to new investments at the pace of $2 billion per year. The firm’s more than 85 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.

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PDI Receives Investment from Insight Venture Partners to Fuel Continued Global Growth

Insight Venture Partners joins Genstar and TA Associates in backing PDI to help expand its global reach and solution portfolio.


ATLANTA, March 20, 2019 – PDI, a leading global provider of enterprise software solutions to the convenience retail, wholesale petroleum and logistics industries, announced today an investment by Insight Venture Partners (Insight) to support the company’s continued global growth. Insight Venture Partners joins Genstar and TA Associates, who will both retain minority stakes in PDI.

Insight is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has invested in more than 300 companies worldwide, working with visionary executives to provide practical, hands-on growth expertise to foster long-term success.

“Insight is an experienced investor with a long-term perspective that will help PDI continue to meet the growing and changing needs of our customers, innovate our software portfolio, and provide world-class global service. We believe the added capital and resources provided by Insight, in addition to the ongoing support and confidence from Genstar and TA Associates, will further the development of our advanced software portfolio and allow for strategic add-on acquisitions that we are confident will meet the needs of a rapidly changing market,” said Jimmy Frangis, CEO, PDI.

“This investment is a strong vote of confidence in PDI’s long-term strategy and future growth potential, and we’re thrilled to welcome the team to our portfolio,” said Deven Parekh, Managing Director, Insight Venture Partners. “PDI’s 35-year heritage of putting customers first and providing leading software solutions, technologies, and services to help them thrive in the digital economy created a strong interest in the company and was an immediate draw for us. We look forward to working with the management team, Genstar and TA Associates to continue strengthening and broadening PDI’s market footprint.”

“Throughout our partnership with PDI’s management team, PDI has successfully executed against its growth strategy through organic initiatives and accretive acquisitions, expanding its software offerings and global reach,” said Eli Weiss, Managing Director, Genstar Capital, and Hythem El-Nazer, Managing Director, TA Associates. “We are pleased to partner with Insight to continue to drive PDI’s growth and unwavering focus on software innovation that will bring a new level of experience to the customers and industries it serves.”

Added, Frangis, “PDI’s customers are truly the cornerstone of our success. This new relationship with Insight supports our objective to be a trusted partner and advisor for our customers, bring together the most innovative and advanced technologies and develop the strongest team with unprecedented industry experience.”

Lazard served as financial advisor and Irell & Manella as lead legal counsel to PDI. Additional terms of the deal were not disclosed.

About PDI

PDI helps convenience retailers and petroleum wholesalers thrive through digital transformation and enterprise software that enables them to grow topline revenue, optimize operations and unify their business across the entire value chain. Over 1,500 customers in more than 200,000 locations worldwide count on our leading ERP, logistics, fuel pricing and marketing cloud solutions to provide insights that increase volume, margin and customer loyalty. For more than 35 years, our comprehensive suite of solutions and unmatched expertise have helped customers reimagine their enterprise and deliver exceptional customer experiences. For more information about PDI, visit www.pdisoftware.com.

About Insight Venture Partners

Insight Venture Partners is a leading global venture capital and private equity firm investing in high- growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight currently has over $20 billion of assets under management and has cumulatively invested in more than 300 companies worldwide. Our mission is to find, fund and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. Across our people and our portfolio, we encourage a culture around a core belief: growth equals opportunity. For more information on Insight and all its investments,

visit www.insightpartners.com.

About Genstar Capital

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for more than 30 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar manages funds with total capital commitments of approximately $17 billion and targets investments focused on targeted segments of the financial services, software, industrial technology, and healthcare industries.

About TA Associates

TA Associates is one of the largest and most experienced global growth private equity firms. Focused on five target industries – technology, healthcare, financial services, consumer and business services

– TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in growth companies. TA has raised $24 billion in capital since its founding in 1968 and is committing to new investments at the pace of $2 billion per year. The firm’s more than 85 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.

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ARDIAN INFRASTRUCTURE closes its fifth generation fund at €6.1BN

Ardian

Paris, 20 March 2019. Ardian, a world leading private investment house, today announces it has raised €6.1 billion for its latest infrastructure fund, Ardian Infrastructure Fund V, in less than six months. The Ardian Infrastructure team now has $15 billion assets under management in Europe and the Americas.

In line with its established investment strategy, the latest fund will upgrade and digitize infrastructure assets that are essential for populations across Europe. Areas of focus include transport (rail, road and airports), energy (gas, electricity and renewable energy) and other public infrastructure assets (health and environmental). Ardian Infrastructure will continue to work closely with local public and private stakeholders.

The fund attracted 125 investors from Europe, North America, Asia and the Middle East, comprising major pension funds, insurance companies, financial institutions, HNWIs and sovereign wealth funds, illustrating the attraction of the European infrastructure market.

There was particular growth among US investors as well as from Asia and the Middle East, which is reflective of Ardian’s diversified and international client base and its strong global relationships. Former investors massively re-upped their commitments, while 30% are new to Ardian.

Since the fundraising of Ardian Infrastructure Fund IV, the number of investment professionals has doubled, strengthening Ardian’s ability to grow its portfolio companies with a long-term view. To help guide its industrial investment approach, Ardian has developed a new framework called the “Augmented Infrastructure”, focusing on cutting-edge technology, a client centric approach, improving maintenance and pushing for higher health, safety and environmental measures.

Dominique Senequier, Ardian President, said: “Raising a fund of more than double the size of its predecessor in less than six months bears testament to the quality of the infrastructure team and the regard with which they are held in the market. It underlines Ardian’s focused investment strategy, its asset management capabilities and strong relationships with investors.”

Mathias Burghardt, Member of the Executive Committee and Head of Ardian Infrastructure said: “This fundraise is a proxy for interest from institutional investors to an attractive asset class and a marker of the strong performance of previous generations of Ardian Infrastructure funds. We would like to thank our loyal clients, new international investors and previous generations for their role in this record €6.1 billion fund. The fund will invest in infrastructure assets that are essential for communities, particularly in the transport and energy sectors, delivering long-term value through our disciplined industrial approach.”

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 550 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 800 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

PRESS CONTACTS

HEADLAND
CARL LEIJONHUFVUD
cleijonhufvud@headlandconsultancy.com
Tel: +44 (0)20 3805 4827

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Nyxoah receives European CE Mark approval for the Genio™ system to treat sleep apnea

GIlde Healthcare

Utrecht, The Netherlands and Mont-Saint-Guibert, Belgium – Nyxoah S.A., a healthtech company focusing on the development of innovative solutions and services for sleep related disorders, today announced that the company has received CE Mark approval for the Genio™ system in Europe. The Genio™ system is the world’s first and only battery-free, leadless and minimally invasive neurostimulator, capable of delivering bilateral hypoglossal nerve stimulation for moderate to severe obstructive sleep apnea (OSA) patients who have failed conventional therapy.

The CE Mark approval was based on the BLAST OSA (BiLAteral Hypoglossal Nerve Stimulation for Treatment of Obstructive Sleep Apnea) clinical study, a prospective study that evaluated the safety and performance of the Genio™ system in 7 centers in France and Australia.

“Patients from the BLAST OSA study show a major improvement in their sleep apnea symptoms and their Quality of Life” said Enrique Vega, Chief Executive Officer of Nyxoah.

Robert Taub, Chairman of Nyxoah said: “The sleep community is looking for alternative solutions for OSA patients who refuse currently available therapies or are not compliant. Having now received CE mark, Nyxoah’s Genio™ system is well on its way to fulfil this need”.

About Nyxoah

Nyxoah S.A., headquarted in Mont-Saint-Guibert – Belgium, is a healthtech company focused on the development of innovative, neurostimulation-based solutions and services for sleep related disorders. Nyxoah S.A. was co-founded in 2009 by Robert Taub. For more information, please visit www.nyxoah.com.

About Gilde Healthcare

Gilde Healthcare is a specialized European healthcare investor managing €1 billion across two business lines: a venture & growth capital fund and a private equity fund. Gilde Healthcare’s venture & growth capital fund invests in healthtech and therapeutics. The portfolio companies are based in Europe and North America. Gilde Healthcare’s private equity fund invests in profitable European healthcare services companies with a focus on the Benelux and DACH-region. The portfolio consists of healthcare providers, suppliers of medical products and other service providers in the healthcare market. For more information, visit the company’s website at www.gildehealthcare.com

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3i invests in Magnitude to support international acceleration

3I

3i Group plc (“3i”) today announces that it will invest c. $179m in Magnitude Software Inc., (“Magnitude”), a leading provider of unified application data management solutions, operating in the US, the Netherlands, UK, Canada and India. 3i is investing alongside Chris Ney, Chairman and CEO of Magnitude, and other senior executives, who will maintain a significant minority stake in the business. The enterprise value of the transaction is $340m.

Headquartered in Austin, TX, Magnitude offers a range of software products which enable business users to access, extract and analyse data efficiently. It has strong relationships with the leading ERP providers (SAP and Oracle), which gives the company deep insights into their product and technology roadmap. Magnitude has over 1,400 customers across a variety of sectors including manufacturers, retailers and financial services companies and its customer base includes 50% of the Fortune 100.

Magnitude has grown rapidly through a mix of organic growth and M&A. Primed for its next significant growth phase in the worldwide data revolution, Magnitude turned to 3i and its international capabilities to further its global expansion and accelerate its strategy for enabling the vast operational efficiencies promised by modern business applications.

The partnership with 3i will enable Magnitude to continue executing on its strategic expansion plans fuelled by market opportunity, its growing base of 1,400+ customers, including 50% of the Fortune 100, the expertise of the Magnitude team across North America, Europe and India, and a portfolio of award-winning software solutions that empower enterprises to unify fragmented data and deliver actionable insights for critical business decisions.

Andrew Olinick, Co-Head 3i North America, commented:

“Magnitude provides a highly attractive market and business growth opportunity backed by a strong executive team, led by Chris Ney. Management has a track record of building great teams, delivering broad customer success and rapid growth. The data opportunity, and challenge, is only getting larger with the increasing amount of data that companies generate and need to analyse.” Chris Ney, Chairman & CEO, Magnitude, added:

“The Magnitude executive team sought a strong financial sponsor and business partner with a global network, heritage of backing world-class companies, and systematic approach to international expansion. We found all that in 3i. This relationship will significantly leverage our eight acquisitions to deliver even greater value to our growing blue-chip customer base. Magnitude continues to focus on global growth across the ERP ecosystem, where SAP and Oracle represent major market share.”

For further information, contact:

3i Group plc

Silvia Santoro
Investor enquiries
Tel: +44 20 7975 3258
Email: silvia.santoro@3i.com
Kathryn van der Kroft
Media enquiries
Tel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com

 

Notes to editors:

About 3i Group

3i is a leading international investment manager focused on mid-market private equity and infrastructure. Its core investment markets are northern Europe and North America. For further information, please visit: www.3i.com.

 

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InfraRed NF successfully deploys capital committed to Hong Kong self-storage investment

InfraRed Capital Partners

  • USD$55m of initial capital committed to RedBox successfully deployed
  • Three properties acquired in last year have expanded the GFA of the RedBox portfolio by 116%
  • Further growth opportunities with compelling market dynamics

InfraRed NF, the leading Greater China real estate investment manager, is pleased to announce that it has successfully deployed its committed capital in RedBox Storage Limited (“RedBox”), the premium self-storage provider in Hong Kong.

InfraRed NF acquired a 90% stake in RedBox in 2018 committing USD$55 million for property acquisitions across Hong Kong. This capital has now been successfully deployed in three property purchases in Yau Tong, Tuen Mun and Tsuen Wan districts. The most recent purchase in Tsuen Wan district involved the acquisition of eight consecutive floors in the uppermost levels of the Metropolitan Industrial Building. The purchase of the floors also included the acquisition of the self-storage business of Canaan Mini Storage Company Limited which operated from the site. Under InfraRed NF’s ownership, RedBox has expanded the Gross Floor Area of its portfolio by 116% and is now considered by RedBox management to be the fourth largest self-storage operator in Hong Kong when measured by GFA.

InfraRed NF and RedBox are seeing favourable market dynamics with self-storage one of the fastest growing asset classes in alternative real-estate. Demand is driven by high residential prices, Hong Kong has the highest residential prices in the world with the average resident living in just 160 sq feet of space, combined with rising incomes and an increasingly consumption-driven society. Further, supply is constrained by a shortage of self-storage space – self-storage per capita in Hong Kong is 0.6 sq feet, as compared to other developed markets such as New York (3.4 sq feet), Sydney (1.9 sq feet) and London (1.3 sq feet).

Stuart Jackson, CEO of InfraRed NF, said: “Self-storage in Hong Kong continues to show significant growth potential with smaller residential unit sizes, higher income levels and an increasingly consumption-driven society driving the sector. RedBox Storage is growing rapidly and we look forward to deploying further capital to achieve our goal of making RedBox the market leader in Hong Kong.

Simon Tyrrell, CEO of RedBox, said: “As one of the largest self-storage operators in the market we are proud of the work we do to lead the industry in terms of security and innovation. The support of InfraRed NF has allowed us to expand the portfolio as we continue to deliver bespoke and flexible storage solutions for our customers.” 

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