KKR Completes Acquisition of Ramky Enviro Engineers

KKR

KKR Global Impact Makes Second Investment

MUMBAI, India–(BUSINESS WIRE)–Feb. 10, 2019– Global investment firm KKR and Ramky Enviro Engineers Limited (“REEL” or the “Company”), a leading provider of environmental services and solutions in India and overseas, today announced the completion of their previously announced transaction. Under the terms of the transaction, KKR has acquired a 60% stake in REEL for approximately US$510 million via a combination of primary and secondary investments. In addition to investing in REEL from its KKR Asian Fund III, the investment is part of KKR’s Global Impact strategy, which is focused on identifying and investing behind businesses with positive social or environmental impact that measurably contribute solutions to one or more of the United Nations Sustainable Development Goals.

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M. Goutham Reddy, Managing Director & CEO of REEL, said, “India is home to some of the world’s most pressing waste management needs, and REEL has an important role to play in providing critical solutions to communities across the country. KKR’s expertise in environmental issue management, extensive global and local resources, and aligned vision to enact positive change makes KKR the ideal partner to help us keep pace with the environmental challenges facing our society and provide impactful solutions. We are off to a great start with multiple strong hires added to the management team and process enhancements work to better our ESG efforts.”

Rupen Jhaveri, Managing Director at KKR, added, “Supporting promising companies that offer solutions to global challenges in areas such as the environment, health and human capital has become an increasingly important focus for KKR worldwide. REEL is exemplary in being a comprehensive environmental management company whose work supports the Swachh Bharat (Clean India) Mission to reduce pollution and improve critical sanitation infrastructure nationwide. We are confident that, with our industry experience and resources, REEL will be better positioned to achieve its social mission over the long term.”

Robert Antablin and Ken Mehlman, Co-Heads of KKR Global Impact, said, “Responsibly managing waste is a critical global challenge, particularly in one of the world’s fastest growing nations. We believe REEL will address this critical need while advancing two of the United Nations Sustainable Development Goals.”

Over the last decade, KKR has been a leader in driving and protecting value throughout the firm’s private markets portfolio through thoughtful Environmental, Social and Governance (“ESG”) management, as well as measuring and reporting on performance to the public and investors. The firm also has a history of investing in businesses that promote sustainable solutions to societal challenges. This experience of responsible investment combined with a changing landscape of global challenges led to KKR’s decision to create a dedicated Global Impact business in 2018. KKR’s Impact strategy and investment in REEL will build on this experience.

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About Ramky Enviro Engineers

Ramky Enviro Engineers Limited (“REEL”) is a leading provider of comprehensive environmental management services. Through the provision of its technical and operational expertise, REEL offers cost-effective, custom solutions to a variety of complex environmental needs across areas including Industrial, Municipal and Medical Waste Management, Wastewater and Water Treatment, Environmental Services, Recycling and Remediation, among others. REEL today operates waste treatment facilities in more than 60 locations across India, Singapore, the Middle East, and Africa. The Company handles 3.5 million tons of municipal waste, 1 million tons of industrial waste, and caters to 20,000 healthcare establishments. Many of REEL’s facilities are ISO 9001-, ISO 14001-, ISO 17025- and OHSAS 18001-certified to ensure excellence in environmental and waste management. For more information, visit: http://ramkyenviroengineers.com.

About KKR

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

Source: KKR

Media
KKR Asia
Anita Davis, +852 3602 7335
Anita.Davis@KKR.com
or
KKR Americas
Kristi Huller / Cara Major, +1 212-750-8300
Media@KKR.com
or
Edelman (For KKR India):
Siddharth Panicker, +91-9820-857-522
Siddharth.Panicker@Edelman.com

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Altamar closes latest secondary Fund on €541M

altamar-logo

The firm has announced that it has reached the final close of 541 millions of euros for its latest secondaries Fund, Altamar Global Secondaries IX FCR. The vehicle was launched in 2016 with a 500 millions of euros target, and has closed not far short of reaching its 550 millions of euros hard cap.

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The AFT Micromechanics Company joins the Acrotec Group

Castik Capital

Acrotec announces the entrance of AFT Micromechanics into their group.

Acrotec strengthens their diversification strategy with the addition to their group of a new company that specialise in the medical field. M Frésard, General Director of AFT Micromechanics who will remain at the head of his company, looks forward to this important move for his company. ” I am extremely happy to join the Acrotec group who will enable us to continue to advance the

Since its creation in 1997, AFT Micromechanics has specialised in the production of implants for orthopaedic and dental surgery as well as in the fields of urology, ENT and ophthalmology.

AFT benefits from extremely high-performance machining technology that guarantees impeccable quality and advantageous production costs. Since 2014, AFT has a 3D printing system for tool production and for the fast manufacturing of prototypes.

M François Billig, President of the Acrotec Group explains the logic behind this new development: “The acquisition of AFT Micromechanics is consistent with our industrial diversification plans by expanding our presence in the high precision medical field”.

 

– ENDS –

 

For further information please contact:

M.Michele Caracciolo – Tél. +41 77 410 35 60 – mcb@agencecrp.ch

About AFT Micromechanics :

Located in Fillinges, Haute Savoie (France), the company is situated along the Arve valley. Specialists for over 20 years in the machining of medical devices, they meet all the requirements of this market in order to guarantee an optimal level of quality and continual improvement, AFT Micromechnics are registered with FDA (Food and Drug Administration aux Etats-Unis). The company is certified ISO 13485/2016. www.aft-micromecanique.fr

 

About the Acrotec Group :

Acrotec is an independent group created by micromechanical professionals. Their main objective is to be the preferred subcontractor offering a wide range of precision component manufacturing processes. Their strategy is both to provide quality products « Swiss Made » to the entire watch-making industry as well as to the automotive, medical, jewellery and aeronautic industries. Acrotec distinguish themselves by their extent of know-how  provided under one roof, in their precision machining (CNC turning, multi-spindle CNC profile-turning, cam profile-turning, 3 & 5 axes milling, micro- profile-turning, transfer and machining of precious metals), by their support processes (surface treatment, gearing, assembling, heat treatment, laser decorating and engraving) and by their specific processes (UV-Liga component manufacturing, EDM, synthetic stone machining, laminating, spring shaping, design and manufacturing of machines and tooling, Silicon etching by DRIE process).  Today, the group has over 800 employees. www.acrotec.ch

 

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CBPE completes investment in Simbec-Orion

CBPE

CBPE Capital (“CBPE”) is pleased to announce that it has acquired Simbec-Orion Group Limited (“Simbec-Orion” or “the Company”) from the Wales Life Sciences Investment Fund LP (“WLSIF”). CBPE is investing alongside the management team led by CEO, Ronald Openshaw. The terms of the transaction have not been disclosed.

Simbec-Orion is a boutique full service clinical phase I-III contract research organisation (“CRO”) serving biotech companies and small and mid-cap pharmaceutical companies. The Company has particular specialism in the areas of oncology, rare diseases and orphan indications, respiratory conditions and translational medicine.

Simbec-Orion operates across Europe and North America and has conducted studies in more than 30 territories worldwide. It is one of the very few CROs able to offer its clients a genuine full spectrum of clinical development services including Phase I Healthy Volunteer programmes, Phase I-III patient programmes, delivering project management, clinical operations, data management, statistics, IMP management, central laboratory and pharmacovigilance services.

The investment in Simbec-Orion continues CBPE’s strong track record of investing in companies in the healthcare sector and helping to build strong, sustainable platforms for growth. The current portfolio includes Rodericks, a leading provider of NHS, private and specialist dental services; SpaMedica, which provides leading ophthalmic services; Optima Health, the largest occupational health services provider in the UK and Medica Reporting, the UK market leader in teleradiology.

CBPE’s investment in Simbec-Orion will support the continued growth of the business. CBPE will work with the management team to enhance the operations and facilities of the Company and to pursue further geographic expansion, particularly in North America and Europe.

Ronald Openshaw, Chief Executive of Simbec-Orion said:
“When Simbec-Orion was formed through the merger of Simbec Research and Orion Clinical in June 2014, it provided the base to create a growing CRO in the European mid-market. Since then, we have developed a strategy and a clearly defined and differentiated offering for our biotech and pharmaceutical clients. We are delighted to be working with CBPE to realise our ambitions for the future growth of the Company”.

Anand Jain, Partner at CBPE, said
“We have been following Simbec-Orion’s growth since the merger in 2014 and are delighted to be supporting the business through the next phase of its development. We are excited about providing Simbec-Orion with the investment and support required to further develop their services and to expand geographically both organically and through acquisitions”.

CBPE’s investment in Simbec-Orion was led by Anand Jain with support from Jolyon Latimer and Adam Richardson. Anand Jain and Adam Richardson will join the Board of Simbec-Orion.

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Questel acquires intellectual property services company Concur IP

ik-investment-partners

Today, Questel announces a majority investment in Concur IP, an India and US based IP services company well known for its patent drafting and standard essential patents related capabilities. This investment adds an essential piece to Questel’s existing suite of IP services. Questel can now support its clients throughout the entire IP lifecycle offering patentability search, patent drafting, translations, and international filing, as well as post grant support during licensing negotiations and litigations. Nitin Agrawal and Sachin Sinha will continue to operate as Concur IP’s Co-CEOs post this merger.

“Concur IP’s drafting service will dovetail nicely with Questel’s prior art search service,” said Charles Besson, Questel’s CEO. “Our full suite of services, including International Filing and Translation, meets a growing desire for more efficiency and clarity in connection with Intellectual Property costs, which we can now substantially guarantee to our customers”.

After noting Concur IP’s diverse experience, Nitin Agrawal, said “We believe corporate IP departments are committed to finding cost effective ways to delegate routine tasks, so they can focus their time on higher level activities. Our team of highly skilled and experienced IP professionals, having drafted more than 3,000 patent applications cumulatively, is well positioned to fulfil the demand of high quality patent applications at reasonable cost.”

Another key benefit Concur IP brings to Questel is their “Standard Essential Patent (SEP)” expertise, which is already being utilized by large telecom companies and law firms during licensing negotiations, litigations, and patent acquisitions. “Our SEP services enable companies to determine fair and reasonable licensing terms for standardized technologies. Our methodology is now well established in the market and has been adopted by the court, companies, and economists to calculate royalty rates. With Questel and their sophisticated platforms, we look forward to bringing more transparency in the process of technology standardization and the associated IP practices” said Sachin Sinha.

Questel is one of the world’s leading intellectual property management companies, delivering complete software and service solutions for each stage of the innovation lifecycle. And, for both software and services, Questel leverages a comprehensive and unique collection of intellectual property and scientific databases. With recent acquisitions of ITIP and Multiling, Questel now delivers the world’s largest and highest quality services for foreign filing of patent applications and translations. These services, when added to Questel’s e-learning and general IP consulting, make Questel the final destination to fulfill the most critical IP and Innovation needs. www.questel.com

Concur IP was formed with the specific purpose of providing high-end IP consulting services in a cost-effective manner. Concur IP’s solutions cater to various IP needs of corporates, law firms, universities, research organizations, consulting firms, and licensing support firms. Core services offerings include patent application drafting, office action responses, patent licensing & litigation support services, patent research and analytics. www.concurip.com

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VALEDO invests in the Nordic region’s leading suppliers of fresh fish and seafood

Valedo

Valedo Partners III AB (”Valedo”) has, together with previous owners and key employees, invested in five companies which together constitute the leading supplier of fresh fish and seafood in Sweden and Denmark.

Through the combination of the Swedish companies Kvalitetsfisk and Fisk Idag and the Danish companies Copenhagen Seafood, FSG Foods and Fiskerikajen, a group is created with leading product offerings, product development and refinement capabilities. The group serves restaurants within fine dining, lunch and sushi and has a nationwide reach in both Sweden and Denmark. The group has revenues of around SEK 1.2 billion and 320 employees.

”The vast knowledge, experience and passion that exists within the group will be invaluable in the continued development towards establishing the Group as the leading supplier of seafood to quality-conscious customers in Northern Europe. Through the mergers, the Group gets access to resources and expertise for increased focus on innovation, product development and sustainability, which will benefit all stakeholders, including customers, suppliers and employees”, says CEO, Mikael Salenstedt.

Previous owners, key employees and the Board of Directors have invested in the group alongside Valedo.

The terms and conditions of the transactions are not disclosed.

For further information on Kvalitetsfiskgruppen, please contact:

Mikael Salenstedt, CEO
+46 (0)8 447 50 60
mikael.salenstedt@kvalitetsfisk.se

About Kvalitetsfiskgruppen:
Kvalitetsfiskgruppen is a service partner within fish and seafood with focus on quality and always with respect for the environment and our oceans. The group has some 320 employees and revenues of around SEK 1.2 billion.

www.kvalitetsfisk.se

About Valedo:
Valedo is an independent Swedish investment group that invests in high-quality small and mid-cap companies in the Nordic region. Valedo focuses on companies with clear growth and development potential where Valedo can actively contribute to and accelerate the companies’ development. Being an active owner and contributor of both capital and industrial experience, Valedo helps to ensure that its companies can achieve their full potential.

www.valedopartners.com

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Lima pushes industry boundaries – invests in digitization and in-hospital manufacturing

eqt

3D printed hips and shoulders, bio-wireless electronics and digital orthopaedics. No, this is not an instruction manual for building a robot – it is today’s reality for EQT’s portfolio company LimaCorporate (“Lima”), a global leader in orthopaedic devices. Following the new collaboration with the Hospital for Special Surgery, US’ top-ranked orthopaedic hospital, and the recent acquisition of the orthopaedic software company, TechMah Medical, Lima will continue to drive innovation and industry transformation. 
Lima was founded in 1945 by the Lualdi family, an Italian family of entrepreneurs who pioneered the processing of metals, including titanium which eventually lead to the development of orthopaedic implants. Today, the company is a global leader in additive manufacturing of 3D printed orthopaedic implants, covering the entire spectrum of large joint and extremities reconstruction including custom-made implants for shoulders, elbows, hips and knees.

During EQT’s ownership period, the strategy has been focused on further penetrating existing markets, specifically the US as the world’s largest orthopaedic market, and to drive innovation by leveraging EQT’s deep sector expertise in healthcare and tech. Lima leads continuous advancements in new technologies beyond 3D printed implants, a technology the company pioneered more than 10 years ago.

Challenging established business models

In early January 2019, Lima announced a new collaboration with Hospital for Special Surgery (“HSS”), the US’ number one orthopaedic hospital, located in New York City. Founded in 1863, HSS is the world’s leading academic medical center focused on musculoskeletal health, and in 2017 provided care to some 135,000 patients performing more than 32,000 surgical procedures. HSS was attracted to Lima’s innovative advancements within orthopaedic 3D printing and the collaboration will provide Lima with an advantageous gateway to the US market.

Together with HSS, Lima will establish the first hospital-based additive manufacturing facility for personalized, 3D printed implants offering tailor-made solutions for patients with the most complex surgical cases. The concept of on-site manufacturing is challenging the industry’s established business model, which has remained unchanged for decades. The new facility, which will be operated by Lima on the hospital’s main campus, will leverage the combination of Lima’s proprietary 3D printing technology and HSS’ expertise in clinical care.

Luigi Ferrari, CEO at Lima, comments: “The partnership with HSS will foster and accelerate innovation in advanced orthopaedic joint care and it further leverages Lima’s strategy to grow its footprint in the US. Orthopaedic 3D printing is disrupting the industry as we know it and the ambition of the partnership with HSS is to develop new products and solutions improving the quality of life for patients in the US and across the world.”

Digitizing orthopaedic care

In the fall of 2018, Lima further strengthened its capabilities within digital orthopaedics through the milestone-based acquisition of TechMah Medical (“TechMah”), a medical device software company founded in 2014 by industry veteran Dr. Mohamed Mahfouz and focused on digital technologies dedicated to orthopaedic surgery. Headquartered in Knoxville, Tennessee, TechMah develops bio-wireless electronics, biomechanics, imaging and instruments that will be used with Lima’s implants and devices. TechMah’s expertise in reconstructive software is highly complementary to Lima’s innovative implant portfolio bringing the companies to the forefront of digital transformation by providing innovative digital solutions which will change the approach to orthopaedic surgery.

Dr. Mohamed Mahfouz, founder and CEO of TechMah, comments: “Lima is the most innovative and agile company in orthopaedics today and the ideal partner for us to develop our technology and advance the digitization of the industry.”

Michael Bauer, Partner and Head of EQT’s Healthcare team, concludes: “During the last 10 years, Lima’s products have helped more than 700,000 patients around the world. As global life expectancy continuous to rise, and with a growing proportion focusing on active lifestyles, the market for orthopaedic implants is expected to continue to grow at mid single-digit rate. The demand within Lima’s focus areas, extremities and highly complex cases, is expected to increase significantly more. The alliance with HSS will generate exciting growth opportunities in the US as Lima now starts on-site production of 3D printed implants in the world’s largest orthopaedics market. The geographical expansion, coupled with the digital capabilities from TechMah, constitute the next chapter in Lima’s growth journey as they future-proof their role in advancing  orthopaedics.”

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Söderberg & Partners Welcomes KKR as a Significant Shareholder

KKR

Market leader in pensions advice, wealth management and non-life insurance receives investment from KKR to further develop its product portfolio and support international expansion

STOCKHOLM–(BUSINESS WIRE)–Feb. 8, 2019– Söderberg & Partners together with TA Associates and certain other selling shareholders have today reached an agreement on the terms of an investment from KKR, a leading global investment firm. KKR will acquire a substantial minority shareholding in the founder-led business, with Per-Olof Söderberg (Chairman and co-founder), Gustaf Rentzhog (CEO and co-founder) and other key founding members remaining as long-term shareholders.

The transaction is subject to ordinary conditions precedent including regulatory approval, and is expected to be completed during the second quarter of 2019.

Söderberg & Partners is a leading non-bank provider of wealth management and corporate pension and insurance services in the Nordic region and the Netherlands. Founded in 2004, the business has seen consistent growth in AUM and is the clear market leader in Sweden, and began its expansion across the Nordic region in 2014, entering the Norwegian, Danish and Finnish markets, and expanding its pension advisory service into the Netherlands.

KKR will continue to support and assist Söderberg & Partners on its strategy of rolling out its successful platform across the Nordic region and internationally, developing its product portfolio and services proposition, and enhancing its capabilities across investment management and research. The transaction builds on KKR’s successful track record in the Nordic region and globally of working with founder-entrepreneurs to support their growth objectives and further scale their businesses.

Per-Olof Söderberg, Chairman and co-founder, said: “I am extremely pleased to welcome KKR as a significant shareholder to help us deliver the next growth phase of Söderberg & Partners. We thank at the same time TA Associates for their strong support and partnership over the years that has enabled the company to become a leading player in the Nordic region.”

Gustaf Rentzhog, CEO and co-founder, said: “I look forward to working together with KKR to continue delivering our successful platform to companies and individuals both in existing and new markets. This enhances not only the position of, and possibilities for, Söderberg & Partners, but I also believe it will significantly enhance the products and services we are able to deliver to our customers. KKR brings investment and intellectual capital, a global network of financial and industrial experts, and an unrivalled understanding of global markets and macro-economic trends to Söderberg & Partners.”

Daan Knottenbelt, Member and Head of EMEA Financial Services at KKR, said: “We are delighted to be working with Per-Olof, Gustaf and the team at Söderberg & Partners. KKR has an exceptionally strong track record in the Nordic region and investing in founder-led businesses, and this, together with our in-depth understanding of financial intermediaries, differentiated us to the founders and management team. Söderberg & Partners benefits from an extremely strong business model and market position, as well as supportive growth dynamics, and we look forward to the next phase of the business’ development.”

Chris Parkin, Managing Director, TA Associates, said: “It has been our privilege to support Söderberg & Partners’ management in executing their growth strategy. Since we invested in 2014, Gustaf and team have consistently executed on their plan to create a leading independent wealth manager, pension adviser and insurance brokerage group. We confidently expect them to build on this success in the years ahead.”

KKR’s investment was made through its European Private Equity funds.

Citigroup Global Markets Limited acted as exclusive financial adviser and PG Magnusson Advokatbyrå AB and Mannheimer Swartling Advokatbyrå AB acted as legal advisors to the selling shareholders in connection with the transaction.

About Söderberg & Partners
Söderberg & Partners was founded in 2004 and is today a leading non-bank provider of wealth management and corporate insurance services in the Nordic region and the Netherlands. Söderberg & Partners has in 15 years achieved a market leading position with regards to customer satisfaction and market presence within all segments in which it is active. For additional information about Söderberg & Partners, please visit Söderberg & Partners’ website at www.soderbergpartners.se.

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

About 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 Associatescan be found at www.ta.com.

Source: KKR

Media:
Söderberg & Partners
Louise Hagsten
Chief Communication & HR
louise.hagsten@soderbergpartners.se
+46 (0)76-149 50 17

KKR
Alastair Elwen
Finsbury
alastair.elwen@finsbury.com
+44 (0)20 7251 3801

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Ronnie Leten appointed new Chair at Piab

Investor

Press release

Stockholm, February 8, 2019

Ronnie Leten appointed new Chair at Piab
Ronnie Leten has been appointed Chair at Piab, a subsidiary within Patricia Industries,
effective February 11, 2019, succeeding Anders Jonsson. Ronnie Leten is currently
Chair in Ericsson and Epiroc and a board member of SKF. He will resign as board
member of IPCO.

For further information:
Viveka Hirdman-Ryrberg, Head of Corporate Communication and Sustainability,
Phone +46 70 550 3500
viveka.hirdman-ryrberg@investorab.com
Magnus Dalhammar, Head of Investor Relations,
Phone +46 735 24 2130
magnus.dalhammar@investorab.com

Categories: People

Adelis acquires Mobilhouse – targeting accelerated growth

Adelis Equity

Adelis Equity Partners (“Adelis”) has acquired a majority share in Mobilhouse, a company that manufactures, sells and leases modular buildings that can be used for offices, schools, student housing, temporary accommodation and on building sites.

Adelis is investing in Mobilhouse, which the past few years has seen strong growth and in 2018 closed to tripled its earnings. The positive development continued during 2018 and will be accelerated under Adelis’ ownership.

Mobilhouse was founded initially in 1961 as a manufacturer of modular spaces for the construction industry. Since then, the business has gone through a significant transformation and today around 100 employees manufacture and deliver the company’s standard modules and tailored solutions to private and public sector customers across Denmark.

”Mobilehouse has delivered solid financial results for a number of years and is poised for continued success in markets that offer good growth opportunities. We are seeing a significant increase in demand for temporary and permanent housing as well as office- and school- buildings, areas where Mobilhouse has a strong market position. We already have the necessary experience and expertise required to develop and manufacture mobile solutions for an increasing number of customers. With access to Adelis’ management experience and capital we will be able to develop and scale the business to accelerate growth further,” says Benny Møller, CEO of Mobilhouse.

”There is a rising need for both temporary and permanent square metres, and Mobilhouse has created a solid platform for growth through the opening of a new manufacturing facility in March 2018 and through its strong concept and know-how. In addition, the development is creating a good starting point for expanding the rental portfolio. We are looking forward to contributing with strategic insights and targeted investments, so that we together with management and employees can create the optimal platform for leveraging Mobilhouse’s strong position and the attractive market trends,“ says Steffen Thomsen from Adelis.

The investment is Adelis’ sixth in the Danish market since the firm was founded in 2012. In connection with the transaction current management will become minority owners.

For further information:

Benny Møller, Mobilhouse, +45 20 20 62 66,bm@mobilhouse.dk

Steffen Thomsen, Adelis Equity Partners, +45 40 28 34 09, steffen.thomsen@adelisequity.com

Mobilhouse

Mobilhouse manufactures, sells and leases modular buildings that can be used for offices, schools, student housing, temporary accommodation and on building sites. The business was founded in 1961 and has 40 permanent and 55 temporary employees that manufacture and deliver standard modules and tailored solutions to private and public sector customers across Denmark. Mobilhouse is headquartered and has two manufacturing sites in Fredericia as well as offices, a warehouse and final assembly in Bjæverskov. For more information please visit www.mobilhouse.dk.

Adelis Equity Partners

Adelis is an active partner in creating value at mid-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 19 companies and making more than 50 add-on acquisitions. Adelis now manages approximately €1 billion in capital. For more information please visitwww.adelisequity.com.

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