Ardian acquires a majority stake in AD Education, a European education platform specialized in arts, digital and audiovisual alongside its founder and CEO

Ardian

  • 18 December 2020 Buyout France, Paris

Paris, December 18, 2020 – Ardian, a world-leading private equity house, announces the acquisition of a majority stake in AD Education alongside Kevin Guenegan, founder and CEO of the group as well as the management team.

Founded in 2009, AD Education is a leading European higher education platform, pure player in the field of Creative Arts, teaching to more than 15,000 students in 12 schools on 36 campuses in France, Italy, Spain and Germany. AD Education covers 4 main sub-segments: Design & Graphical Arts, Media & Digital, Audiovisual and Culture & Luxury.

Over the past 10 years, the Group has established itself as the French leader on its core educational fields, following continued organic growth as well as successful build-ups, and as a sizeable European platform following acquisitions in Italy, Spain and Germany.

Within the framework of the partnership with AD Education, Ardian will support Kevin Guenegan and the management team in accelerating both organic and external growth as well as reinforcing its geographical diversification strategy. Thanks to its solid expertise in the education sector and its international network, Ardian holds the financial and human resources to identify and seize growth opportunities and thus support AD Education in its ambitious growth plan.

Kevin Guenegan, Chairman of the AD Education Group, said: ”On behalf of all AD Education employees, I would like to welcome Ardian to this chapter that marks a new momentum for our company. We are very pleased with this agreement and partnership. With its financial and strategic resources, Ardian will enable AD Education to continue its development in line with the group’s values and its vision of education in Creative Arts, to pursue the consolidation of the different European markets, to invest in innovative programs and digital solutions to meet the needs and new trends and expectations of parents and students, while fully addressing the environmental, social and societal challenges of our societies.”

Philippe Poletti, Chairman of Ardian France, member of the Executive Committee and Head of Ardian Buyout, added: “We are delighted with this ambitious partnership with Kevin Guenegan and his management team, which also allows us to invest in a growth project in education, an attractive investment sector with a real social and societal impact.”

Emmanuel Miquel, Managing Director in the Ardian Buyout team, said: “With their renowned expertise in Creative Arts, Kevin Guenegan and his team have created a first class European platform and enabled the company to experience remarkable growth, offering coherent and innovative courses adapted to today’s challenges. We are very proud to become AD Education’s partner in the next phase of its story and to accompany them in their growth strategy and international development.”

LIST OF PARTICIPANTS

  • ARDIAN

    • Emmanuel Miquel, Nicolas Trani, Jean-Baptiste Hunaut, Anouk Daoudal
    • Buyer M&A advisors: Centerview Partners (Nicolas Constant, Pierre Pasqual, Matthieu Sommier, Cassandre Devoir),
    • Buyer legal advisor: Willkie Farr & Gallagher (Eduardo Fernandez, Gil Kiener, Louis Jambu-Merlin) (corporate), Latham & Watkins (Xavier Farde, Carla-Sophie Imperadeiro (financing), Olivia Rauch-Ravisé, Clémence Morel (structuring)),
    • Buyer strategic DD: EY Parthenon (Guéric Jacquet, Anna Grotberg),
    • Buyer financial DD: KPMG (Guilhem Maguin, Grégoire Didier),
    • Buyer legal DD: Willkie Farr & Gallagher (Eduardo Fernandez, Gil Kiener, Louis Jambu-Merlin),
    • Buyer tax DD: KPMG Avocats (Sophie Fournier-Dedoyard),
    • Buyer labor DD: Chassany Watrelot et Associés (Julien Boucaud-Maitre)
  • AD EDUCATION

    • Kevin Guenegan (Founder & CEO of AD Education), Cathay Capital (Fabien Wesse), BPIFrance (Benoist de Saint Léger),
    • Vendor M&A advisors: Lazard Frères (Charles Andrez, Jean-Philippe Bescond, Razika Abchiche), Eurvad Finance (Charles Guigan),
    • Vendor legal advisors: Gowling WLG (Patrick Mousset),
    • Vendor strategic DD: BCG (Benjamin Entraygues, Guillaume Darrieus)
    • Vendor financial DD: Alvarez & Marsal (Frédéric Steiner),
    • Vendor legal DD: Gowling WLG (Patrick Mousset),
    • Vendor tax DD: Arsène Taxand (Alexandre Rocchi),
    • Management financial advisor: Jeausserand Audouard (Jérémie Jeausserand), Oloryn Partners (Eric Lesieur).

ABOUT AD EDUCATION

Founded in 2009, AD Education is a leading European higher education platform, pure player in the field of Creative Arts and teaching to more than 15,000 students in 12 schools on 36 campuses in France, Italy, Spain and Germany. AD Education covers 4 main sub-segments: Design & Graphical Arts, Media & Digital, Audiovisual and Culture & Luxury. Over the past 10 years, the Group has established itself as the French leader on its core educational fields, following continued organic growth as well as successful build-ups, and as a sizeable European platform following acquisitions in Italy, Spain and Germany.

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$100bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base. Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world. Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 700 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 1,000 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt. Follow Ardian on Twitter @Ardian

PRESS CONTACTS

ARDIAN – Headland

VIKTOR TSVETANOV

VTsvetanov@headlandconsultancy.com +44 207 3435 7469

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Redefining e-commerce logistics

Gp Bullhound

Berlin, 18 December 2020

GP Bullhound acted as financial adviser to the shareholders of R2G Polska, operating under the Apaczka brand (“Apaczka”), a leading automation-driven online shipment platform headquartered in Warsaw, Poland, on the sale of a majority stake to Poland-based private equity firm Abris Capital. Grzegorz Iwaniuk will continue in his role as CEO and will retain a minority stake in the business.

Since 2009, Apaczka has grown into the leading e-commerce logistics provider in Central and Eastern Europe focused on increasing efficiency throughout the value chain. Apaczka functions as a technology platform and an integrator, offering comprehensive shipment services for e-commerce stores, SMEs and SOHO (small office / home office) clients. It supports companies in the development of their business, providing professional tools to facilitate daily logistics, and over the past decade has made close to 30 million shipments for more than 160,000 customers.

Grzegorz Iwaniuk, co-founder and CEO of Apaczka, said: “In addition to continuing the current strategy of increasing our market share and strengthening our leadership position, we plan to drive the growth of the business further, with the support of Abris, through the development and implementation of new solutions for entities operating in the e-commerce industry. It was a pleasure working with GP Bullhound – their deep expertise in the software sector proved to be extremely valuable.”

Julian Riedlbauer, Partner at GP Bullhound, stated: “We are delighted to have helped Apaczka find the ideal partner for their next stage of growth. They are perfectly positioned to benefit from the ongoing growth of e-commerce spending globally, which has been further boosted in 2020 by the coronavirus pandemic.”

This represents GP Bullhound’s 21st transaction in the last 12 months, of which 14 were completed within the software space, including Bridgepoint’s $160m investment in Sendinblue, CVC’s $200m investment in EcoVadis, Wavecrest Growth Partners’ and Beringea’s $29m investment in EDITED, and the acquisition of Assetic by Dude Solutions, among many others.

Enquiries

For enquiries, please contact:

Julian Riedlbauer, Partner

julian.riedlbauer@gpbullhound.com Carolin Drewes, Associate

carolin.drewes@gpbullhound.com

About GP Bullhound

GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com

Akkurate Oy announces €1.2 million in new financing

Tesi

Finnish lithium-ion battery diagnostics provider Akkurate Oy has received the investment from Fortum’s Valkea Growth Club, Tesi (Finnish Industry Investment) and existing investors including Lifeline Ventures.

The investment will help Akkurate significantly expand its market penetration and accelerate further product development. The new collaboration complements Akkurate’s battery analytics expertise with Fortum’s knowledge of electrification based on renewable energy sources. The desire of both companies is to create a cleaner world by developing the efficient use of lithium-ion batteries throughout their lifetime.

“Our investment in Akkurate marks Valkea’s first investment in an external startup. We have been impressed over recent years by the depth of the team’s know-how in lithium-ion batteries and the value proposition of DIAGNOSE,” says Mikael Myllymäki, Head of External Venturing at Fortum. “The battery ecosystem is an important and fast-moving segment for us, and our investment is a natural next step in building our strategic relationship with Akkurate.”

Deep knowledge of batteries

The future is electric. In the massive migration from fossil to electric, batteries have a pivotal role. Akkurate is a trusted technology company in whose DNA is a deep knowledge on lithium-ion batteries. Akkurate’s main product is DIAGNOSE, innovative battery analytics software that helps companies define residual value, extend the life and optimize the performance of batteries. In the future, through collaboration, DIAGNOSE will serve the circular economy as a holistic platform.

“I am very pleased about the investment, which is an important milestone for our further growth,” says Mika Kanninen, CEO of Akkurate. “With the rapid change towards renewable energy production and the electrification of transport, we are experiencing high traction for both stationary battery storages and mobile applications, while helping our customers optimize the lifetime and the value of their batteries. In addition to the financial support, we gain better insight into the energy production market and recycling. It´s exciting to see how our amazing team with decades of experience in lithium-ion batteries utilizes all that in our software”

More information:
Samppa Sirviö
Investment Manager, Tesi
samppa.sirvio@tesi.fi
+358 50 518 60 63

Tesi (Finnish Industry Investment Ltd) is a Finnish state-owned investment company that wants to raise Finland to the front ranks of renewing economic growth by investing in funds and directly in companies. We invest profitably and responsibly, hand-in-hand with co-investors, to create the world’s new success stories. Our investments under management total 1.6 billion euros. Ambition for ownership and success – tesi.fi | @TesiFII

Tesi in a nutshell

Tesi (Finnish Industry Investment Ltd) is a state-owned venture capital and private equity company that wants to raise Finland to the forefront of renewed economic growth. We invest in venture capital and private equity funds and directly in growth companies.

Tesi (Finnish Industry Investment Ltd)
Porkkalankatu 1 PL 685 , 00180 Helsinki
info@tesi.fi | @TesiFII

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Blackstone Real Estate Income Trust Completes Acquisition of Simply Self Storage for Approximately $1.2 Billion

Blackstone

NEW YORK, December 18, 2020 — Blackstone Real Estate Income Trust, Inc. (“BREIT”) today announced that it has completed its previously announced acquisition of Simply Self Storage from a Brookfield Asset Management real estate fund for approximately $1.2 billion. Simply Self Storage’s high-quality portfolio comprises eight million square feet across the U.S. With this acquisition, BREIT becomes the third largest non-listed owner of storage in the U.S.1

Simpson Thacher & Bartlett LLP served as legal advisor to BREIT, and BofA Securities and Deutsche Bank Securities Inc. served as financial advisors to BREIT. RBC Capital Markets LLC, Newmark Group Inc., and Fried, Frank, Harris, Shriver & Jacobson LLP advised Brookfield.

The transaction was announced on October 26, 2020.

Blackstone Real Estate Income Trust 
Blackstone Real Estate Income Trust, Inc. (BREIT) is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors. BREIT invests in stabilized, income-generating U.S. commercial real estate across key property types and to a lesser extent in real estate debt investments. BREIT is externally managed by a subsidiary of Blackstone (NYSE: BX), a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has approximately $174 billion in investor capital under management. Further information is available at www.breit.com.

​​​​​Contact
Ilana Mouritzen
Ilana.Mouritzen@Blackstone.com
Tel: (212) 583-5776
​​

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Vow ASA join forces to build biogas plant

Reiten

Vow ASA, technology provider for industry decarbonization, has signed a strategic memorandum of understanding with a world leading manufacturing company to build biogas production plant to reduce CO2 emissions from metallurgical processes.

The two companies will cooperate on engineering, business modelling and financing of a dedicated biogas plant for an industrial facility in continental Europe, with the aim to have the plant operational in 2022. According to the customer, which is one of the biggest globally, this will be the first dedicated biogas plant in industry sector.

The biogas will be made using Vow’s patented ‘Biogreen’ pyrolysis technology, which involves heating sustainable biomass at extremely high temperatures. The gases emitted during this process are then captured and processed into biogas, which will directly replace the use of natural gas in the metallurgical plant. By-products such as bio-coal will also be created during the process, directly replacing the use of fossil coal.

“We are very excited and committed for this cooperation, which is entirely in line with our decarbonization strategy. The agreement confirms our relevance for major industry players seeking to become CO2 neutral. Our view is long term, and by bringing expertise and technology together, we are about to position Vow for future growth in the metal production and processing industry,” says Henrik Badin, CEO of Vow ASA.

The customer has informed Vow that they will announce the agreement, which they consider to be of great strategic significance, in January 2021.

For further information, please see company press release

Categories: News

Latour acquires ELSYS

Latour logo

2020-12-18 14:30

Investment AB Latour (publ) has, through its subsidiary Bemsiq AB, signed an agreement to acquire 70 per cent of the shares of Elektroniksystem i Umeå AB (“Elsys”). The founders remain as part-owners with 30 per cent of the shares.

Elsys is an internationally leading manufacturer and seller of LoRaWAN® sensors for applications for smart buildings and cities. The company was founded in 2005 and has 7 employees with head office and manufacturing in Umeå, Sweden. Net sales in 2019 was SEK 29 million and is expected to amount to SEK 45 million in 2020.

“We have followed Elsys for a long time and have been impressed by the position the company has built up in the international market for LoRaWAN® sensors. With a broad portfolio of high quality sensors, they are a very good complement to our existing portfolio and the acquisition is a natural step in our strategy to establish ourselves as a globally leading manufacturer of sensors, room controllers and connectivity solutions for smart buildings. I look forward to continue developing the company together with the founders”, says Mikael J Albrektsson, CEO Bemsiq.

“Bemsiq offers a unique platform for Elsys to become a part of one of the leading sensor manufacturers for smart buildings in Europe. We are very happy to continue our international growth journey together with Bemsiq”, says Peter Björk, CEO Elsys.

The acquisition will be completed in January 2021.

Göteborg, December 18, 2020

INVESTMENT AB LATOUR (PUBL)
Johan Hjertonsson, CEO

For further information, please contact:
Mikael J Albrektsson, CEO Bemsiq AB, +46 733 23 36 06
Ida Saalman, Business Development Investment AB Latour, +46 727 22 88 69

Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listed holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of nine substantial holdings with a market value of about SEK 68 billion. The wholly-owned industrial operations has an annual turnover of SEK 15 billion.

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Hg invests in Geomatikk Group

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HG Capital

Hg invests in Geomatikk Group. Partnering with the business to continue its growth as a Northern European champion in Underground Mission-Critical GIS Data and Detection.

Oslo, NORWAY and London, UK. 18 December 2020: Hg, Europe’s leading software investor, today announces an investment in Geomatikk Group (“Geomatikk”).

Geomatikk is a tech-enabled services champion, managing critical ‘check-before-you-dig’ safety assessments to network owners, contractors and consulting engineers within Norway, Sweden and Finland.

Hg will support Geomatikk with its extensive experience in scaling tech champions across Europe. Hg will become the majority investor, with founders and management remaining as significant investors in the business. The full terms of the transaction are not disclosed and closing is subject to obtaining relevant regulatory approvals.

Founded in 2005, Geomatikk is a leading tech-enabled services provider managing critical “check-before-you-dig” requests in Norway, Sweden and Finland. The core product is a comprehensive mapping of all underground infrastructure in the countries it operates, which underpins an end-to-end technology platform that manages these pre-dig checks and complementary workflows such as site inspection, damage resolution and network monitoring. Geomatikk has become a one-stop source of truth for underground cable management serving network owners and the construction industry across the Nordic region.

Hg has been investing in and growing businesses across the Nordic region for close to 20 years.

Geomatikk is also Hg’s 10th investment in the Tech Services sector, where around €1 billion has now been invested. This investment will be made from the Hg Mercury 2 Fund.

Øystein Moan will also join Geomatikk as Chairman of the board. Øystein has extensive experience of building software businesses in the Nordic region, having been CEO, and currently Executive Chair, of Visma, a leading provider of business-critical software to private and public enterprises in the Nordic, Benelux and Baltic regions. Over the last 23 years Øystein has overseen revenue growth from NOK 300 million to over NOK 19 billion today at Visma. Geomatikk has the potential to follow a pattern similar to Visma and become a European champion in Underground Mission-Critical GIS Data and Detection.

“Hg has a long history of significantly scaling technology businesses in the Nordics. We believe that their extensive experience in software and technology transformation will enable us to provide an even more seamless and compelling product for our customers, whilst also the opportunity to bring our vital services to other regions in Northern Europe. This is an incredibly exciting opportunity and I would like to say thank you to our excellent team who have performed incredibly well in what has been a significant and challenging year for everyone. We look forward to what the future holds.”

Knut Bratsberg, CEO and Founder of Geomatikk

“We are hugely impressed in what Knut and the Geomatikk team have built in the Nordics. Geomatikk provides a high value service protecting critical infrastructure in the region. By building a high-quality and increasingly tech-enabled product, Geomatikk is a leading European champion in this geographic information sector. We look forward to working with Knut and the entire Geomatikk team as we use our experience of scaling technology enabled businesses to support further growth.”

David Issott, Partner at Hg

For further details:

Hg
Tom Eckersley
+44 (0)20 8396 0930

Brunswick
Diana Vaughton and Samantha Chiene (Brunswick UK)
+44 (0)207 404 5959

HG@brunswickgroup.com

About Geomatikk Group

The Geomatikk Group is a leading tech-enabled services provider delivering solutions and services to manage safe excavations, before-you-dig-requests, Utility works and Street works. The group operates in Norway, Sweden and Finland, and is establishing itself in the UK. Geomatikk is protecting the infrastructure for more than 300 network owners, handling 2 million transactions and more than 250 thousand physical field detections annually. Network owners, municipalities, contractors, civil works designers and other stakeholders collaborate and interact on the Geomatikk digital platform to optimize their construction projects and minimize asset strikes.

About Hg

Hg is a leading European investor in software and services, focused on backing businesses that change how we all do business. Deep technology expertise, complemented by vertical application specialisation and dedicated operational support, provides a compelling proposition to management teams looking to scale their businesses. Hg has funds under management of over $30 billion, with an investment team of over 140 professionals, plus a portfolio team of more than 30 operators, providing practical support to help our businesses to realise their growth ambitions. Based in London, Munich and New York, Hg has a portfolio of over 30 software and technology businesses, comprising over 35,000 employees across the UK, US and Europe. For further details, please visit the Hg website: https://hgcapital.com/.

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Consortium of Parcom and Mississippi Ventures reaches final agreement on acquisition HEMA

Parcom

Today, the consortium consisting of Parcom and Mississippi Ventures, together with HEMA and HEMA Secured Bondholders , announce that they have reached a final agreement on the acquisition of all outstanding shares of HEMA. On October 21, the parties announced a preliminary agreement. It stipulated that the consortium was allowed to conduct due diligence investigations on an exclusive basis and to secure financing by Dutch banks. These steps have now been completed to satisfaction of all parties involved. The HEMA Works Council has rendered a positive advice about the agreement. The capital structure will be submitted to the Works Council for their advice. Competition approval will also be sought from the relevant authorities. Parties expect to complete the transaction in February 2021, after which HEMA will share plans for a healthy future under the new ownership.

Tjeerd Jegen, HEMA: “Today’s announcement is a major milestone for HEMA, as the bank financing was a crucial condition for the successful conclusion of the acquisition. When we finalize the transaction early 2021, we will not only have a healthy financial situation with a significantly decreased debt level and ample room to invest in our future development, but we will also have very supportive new long term owners providing HEMA with a stable operating platform going forward. We look forward to this next stage in the development of HEMA, and are confident that this transaction is in the best interest of all our stakeholders. With this agreement we can once again fully focus on the future, and on delivering fantastic products to our customers.”

Frits van Eerd, Mississippi Ventures: “We are proud to be given the opportunity to acquire the beautiful, Dutch company HEMA. And we particularly appreciate the support of the three major Dutch banks ABN AMRO, ING and Rabobank in this transaction. Together we will prepare HEMA for a new phase, while retaining the special character of the brand and the people: good value for money, the appealing atmosphere and the signature design. We realize that we are in uncertain times, but we are convinced of a bright future for HEMA and we are incredibly excited to be part of this.”

Bas Becks, Parcom: “The resilience and perseverance of HEMA employees over the past period deserves nothing but praise and appreciation. We are incredibly proud to be part of HEMA’s future. We have come to this agreement at a pivotal time for HEMA. Together with the Van Eerd family, we will do our utmost to support the brand and the people of HEMA, continuing to build on a solid foundation.”

Calmer waters
Parcom and Mississippi Ventures emphasize that they have great appreciation for the drive of HEMA management, until recently together with Ramphastos Investments of Marcel Boekhoorn, leading its retail operations through very turbulent times. The discussions about the proposed share transaction between Parcom, Mississippi Ventures and HEMA took place in a positive and constructive atmosphere. All stakeholders expect HEMA to enter into calmer waters soon, so that the company can achieve further healthy growth.

For further information or enquiries, please contact:
On behalf of the consortium of Parcom and Mississippi Ventures:

On behalf of Mississippi Ventures
• Claire Trügg
• Phone: +31623403457
• E-mail: claire.trugg@jumbo.com

On behalf of Parcom
• Sabine Post-de Jong
• Phone: +31639576367
• E-mail: sabine.post@confidantpartners.com

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Marlin signs definitive agreement to complete growth equity investment in StarCompliance

Marlin

LOS ANGELES, December 17, 2020 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has signed a definitive agreement to complete a majority-control, growth investment in StarCompliance (“Star”), a leading provider of employee compliance and regulatory technology solutions to the financial services industry. The transaction enables Star to further expand its leadership position within the global compliance market by accelerating product innovation and supporting the company’s ongoing international expansion. Luminate Capital Partners (“Luminate”), the company’s previous majority shareholder, will retain a minority stake. The completion of the transaction is subject to applicable regulatory clearances and other customary closing conditions.

With a client base of over 500,000 users across 83 countries, Star is a market-leading, highly configurable compliance solution trusted by the world’s largest regulated firms, including asset managers, investment banks, hedge funds, private equity firms, insurance companies, professional services firms, and public corporations. The company has a rich history of innovation with its mission-critical Employee Conflicts of Interest platform, complemented by its newest platform, Compliance Control Room – two comprehensive solutions that assist global firms in efficiently and effectively managing critical aspects of the complex compliance ecosystem.

“We are incredibly proud of our tremendous growth and world-class list of clients with whom we collaborate to automate and streamline compliance oversight,” said Jennifer Sun, CEO at Star. “This investment accelerates our vision of serving as the preeminent leader in the employee compliance and conflicts of interest market and better positions us to help our clients navigate evolving regulation and intelligently manage risk across the employee lifecycle – from onboarding to supporting fast-moving day-to-day operations. We look forward to partnering with Marlin and Luminate for our next phase of growth.”

“Regulatory requirements continue to become increasingly complex with escalating penalties for non-compliance. Star is uniquely addressing this global challenge with its industry-leading technology platform,” said Michael Anderson, a managing director at Marlin. “We are excited to partner with Star and continue to expand the company’s market leadership by building upon its best-in-class product suite through further product investments and strategic acquisitions.”

About Marlin Equity Partners

Marlin Equity Partners is a global investment firm with over $7.4 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 170 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.

About StarCompliance

StarCompliance is a leading provider of compliance technology solutions. Trusted globally by enterprise financial firms in over 83 countries—including asset managers, investment banks, broker dealers, PE firms, insurance companies, and stock exchanges—the STAR Platform empowers organizations to achieve regulatory compliance while safeguarding their integrity and business reputations. Through a customizable, 360-degree view of employee activity, STAR software enables firms to automate the detection and resolution of potential areas of conflict while streamlining daily workflows and increasing efficiency. For more information, please visit www.starcompliance.com.

For additional information, please contact Peter Spasov at (310) 364-0100 or via email at pspasov@marlinequity.com.

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riton to merge portfolio companies AVS, Chevron, Fero and Ramudden

Triton

Frankfurt / Leverkusen (Germany), Thame (UK), Willebroek (Belgium), Stockholm (Sweden), 17 December 2020 – Triton has merged its portfolio companies AVS, Chevron, Fero and Ramudden, each of them being the leading traffic and other critical infrastructure safety service provider in Germany, the UK, Belgium and the Nordics, respectively. The transaction is effective immediately. Terms and conditions are not disclosed.

“Triton has a tradition of investing in companies with high-value creation potential and is working closely with them to unlock such potential. Now, we merge four top-class companies in traffic safety services with a strong local footprint, longstanding customer relationships, unique differentiation and attractive growth prospects,” said Peder Prahl, Director of the General Partner for the Triton funds.

The merger will lead to additional diversification and further strengthen the platform to drive international growth and consolidation.

“With the merger of AVS, Chevron, Fero and Ramudden, each market leaders within their respective geographies and with a track-record of successful organic and inorganic growth, Triton aims to create an international leader in critical infrastructure safety services,” adds Nadia Meier-Kirner, Investment Advisory Professional and Co-Head Business Services

The companies will be combined as one group to facilitate strategic alignment whilst ensuring operational autonomy, service continuity and local entrepreneurship. The group will have combined sales of > EUR 450m and create even more stability, growth and digitalization opportunities. It will initially combine and leverage local expertise through centers of excellence for Digital, ESG, M&A and provide other support services to the benefit of all companies, management teams, employees and customers.

About AVS Group GmbH

AVS Group GmbH, headquartered in Leverkusen, is a leading specialist provider of traffic safety services in Germany, Belgium and Europe. This includes advice and the necessary approval procedure for all temporary traffic safety installations, placement and dismantling, marking and demarking work, maintenance and inspection tours. AVS is represented at over 29 locations in Germany; internationally at 3 locations in Denmark and Latvia. AVS employs around 800 people.

For more information: www.avs-verkehrssicherung.de

About Chevron

Chevron TM is the leading independent traffic management provider operating throughout England, Wales and Scotland. The company has been providing traffic management solutions across the UK’s strategic road network since 1997. With depots in 27 locations and over 1,300 employees, Chevron TM has the resources, expertise and local knowledge required by clients, to provide physical and digital traffic management services across five sectors, Highways, Rail, Utilities, Local Authority and Events.

For further information: www.chevrontm.com

About Fero

Fero Group was established in 2001 and grew into a household name in the temporary traffic management world. The company is a full-service provider for its customers, from tendering, planning, placing, maintenance to completion and settlement and has seven locations and 300 employees. Fero provides services to various customers in the government and construction sector. As a leading player in temporary traffic management, Fero has built up a strong reputation for always helping customers quickly and professionally.

For further information: https://www.feronv.be

About Ramudden

Ramudden is a leading work zone safety services provider for critical infrastructure in the Nordics. The company is a full-service provider for its more than 5,000 customers by offering training and certifications, tendering support, planning, placing, maintenance to completion and settlement, complemented by the provision of a broad range of high-quality equipment solutions. Ramudden is represented at 63 locations in Sweden, Norway, Finland and Estonia, and employs more than 600 people.

For further information: https://www.ramudden.se/

About Triton

Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors. The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.

Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth.

The 45 companies currently in Triton’s portfolio have combined sales of around €18,2 billion and around 100,800 employees.

For further information: www.triton-partners.com

Press Contacts

Triton
Marcus Brans

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