Archives

Finnvera issued a EUR 1 billion ten year bond

Finnvera

Finnvera Plc Stock Exchange Release 3 April 2019

The date of the issue was 2nd April 2019. The transaction maturing in April 2029 represents Finnvera’s first benchmark bond issue this year.

More than 90 investors participated and the size of the orderbook was in excess of EUR 2.8 billion.

Lead managers for the issue were Credit Agricole CIB, Danske Bank, Deutsche Bank, Nordea and TD Securities.

The bond was issued under Finnvera’s EMTN (Euro Medium Term Note) programme. Bonds issued under the programme are guaranteed by the Republic of Finland and their rating corresponds to the rating assigned to the Republic of Finland for its long-term liabilities. The rating given by Moody’s to Finnvera is Aa1 and that given by Standard & Poor’s is AA+.

Additional information:
Ulla Hagman, CFO, tel. +358 29 460 2458
Jukka-Pekka Holopainen, Head of Treasury, tel. +358 29 460 2838

Categories: News

Tags:

The Carlyle Group Invests in Derive Logic Limited

Carlyle

London UK – Global investment firm The Carlyle Group (NASDAQ: CG) today announces that it has agreed to invest in Derive Logic Limited to support the management team for its future development and growth plans. Equity for the investment will come from Carlyle Europe Technology Partners III (CETP) and reinvestment from the company’s founders and chairman. Financial terms of the transaction are not disclosed.

Derive Logic provides services and solutions to enable clients to achieve effective IT governance, assure digital transformation, manage their risk, compliance and performance. Its clients use Derive Logic’s strategic consulting services and managed services to optimise their IT investment while avoiding unnecessary costs and reducing financial risk.

The investment is an addition to Livingstone Technologies, a current CETP portfolio company, which operates in the software asset management (SAM) sector and which was acquired by Carlyle in May 2018.

As part of the investment, Trevor Rolls, chairman of Derive Logic, will be appointed chairman of the group of SAM companies which includes Livingstone and Derive Logic.

Trevor Rolls, Chairman, Derive Logic, said: “Having been a leader in the UK market for IT Asset Management services (ITAM), this investment from Carlyle and international support from the wider Livingstone Group, will allow the company to accelerate its growth ambitions. We believe the business is well positioned in both the ITAM market as well as the wider opportunity around Cloud and Software Portfolio Management.”

Fernando Chueca, Managing Director, The Carlyle Group, said: “Derive Logic is a well-respected player in the IT governance and digital transformation sector, differentiated by its strategic consulting approach and broad partner network. I believe Derive Logic will make a strong contribution to our strategy of building a significant global player in the provision of value-add ITAM services. We look forward to working with the company’s leadership team notably Trevor Rolls, Chris Gough (founder), Perry Fawcett (CEO) and Justyn Waterworth (Chief Commercial Officer) to support the company in its next stage of growth and development.”

* * * * *

About Derive Logic Limited

Derive Logic’s services and solutions enable its clients to achieve effective governance over their software & hardware assets.  Clients use Derive Logic’s intelligence to avoid unnecessary cost & possible financial penalties, whilst optimising their IT investments & managing their risk, compliance & performance.  From strategic reviews & assessments that identify serious issues and risk, to a complete range of managed services, Derive Logic’s services keep its clients’ business compliant, optimised, agile & secure.

Derive Logic’s customers include many large UK IT services partners along with direct customer relationships. Derive Logic is headquartered in Cirencester, UK.

About the Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $216 billion of assets under management as of December 31, 2018, Carlyle’s purpose is to invest wisely and create value on behalf of our investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,650 people in 31 offices across six continents.

Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

Press Contacts

Catherine Armstrong
Catherine.Armstrong@carlyle.com
+44 (0) 20 7894 1632

Categories: News

Tags:

3i agrees to invest in Regional Rail to support growth

3I

3i Group plc (“3i”) today announces an agreement to invest in Regional Rail, LLC (“Regional Rail”), a leading owner and operator of short-line freight railroads and rail-related businesses throughout the Mid-Atlantic U.S.

Formed in 2007, Regional Rail provides freight transportation, car storage, and transloading services in New York, Pennsylvania, and Delaware across three railroads and over 155 miles of track connecting into a diversified Class 1 railroad network. In 2018, the company moved over 13,000 carloads while serving over 70 customers across a diversified set of end-user markets including heating, fuel blending, agriculture, chemicals, and metals. The company’s wholly owned subsidiary, Diamondback Signal, is the premier provider of rail-crossing installation and maintenance services to over 100 public- and private-sector customers across 20 states.

Since inception, the company has seen steady growth of its existing line traffic, successfully expanding to neighbouring regions and into value-accretive, infrastructure services.

Regional Rail will represent 3i’s third infrastructure investment in North America since 2017 and will serve as 3i’s rail infrastructure platform for future investment in the sector.

Rob Collins, Managing Partner, 3i North American Infrastructure, commented:

“This is an exciting opportunity to partner with an established management team as we seek to put additional capital to work in North American rail infrastructure. The North American transportation market is rapidly evolving and Regional Rail is well positioned to benefit from those changes with future acquisitions.”

Al Sauer, CEO, Regional Rail, added:

“We look forward to working with 3i as we continue to focus on servicing our existing customers, growing economic development in our local communities, and expanding into new regions through strategic partnerships and acquisitions. We see tremendous opportunity in the sector and are proud to have the support and asset management expertise of 3i behind us.“

Categories: News

Tags:

HICL Infrastructure PLC – Move of Domicile

InfraRed Capital Partners

HICL Infrastructure PLC (“HICL UK”), a UK investment trust managed by InfraRed Capital Partners Limited (“InfraRed”) was admitted to trading on the London Stock Exchange yesterday morning, 1 April 2019. This is a new UK-incorporated company that has acquired the assets of HICL Infrastructure Company Limited, an Guernsey investment company (“HICL Guernsey”) which is advised by InfraRed. The shareholders of HICL Guernsey have been given new shares in HICL UK on a one-for-one basis.

The move on-shore is the culmination of a process that started with a discussion of HICL Guernsey’s domicile in its Interim Results in November 2017 and its Annual Results in May 2018. InfraRed then refreshed previously undertaken analysis of the steps that would be required to transfer HICL’s domicile from Guernsey to the UK. This work involved input from third-party legal and tax advisers and included an assessment of the economic impact on shareholders of a move to a UK investment trust structure. InfraRed also consulted informally with a number of institutional shareholders on this matter during investor meetings throughout summer 2018 and again in Q1 2019.

HICL UK’s domicile is now aligned with the location of the majority of its investors and investments. The move on-shore mitigates the potential impact of potential future changes in cross-border tax regimes.

For the RNS issued by HICL UK, please follow the link.

 

Enquiries

InfraRed Capital Partners Limited
+44 (0) 20 7484 1800
Harry Seekings
Keith Pickard

Tulchan Communications
+44 (0) 20 7353 4200
David Allchurch

Canaccord Genuity Limited
+44 (0) 20 7523 8000
David Yovichic

More Information

HICL Infrastructure Company Limited

HICL Infrastructure PLC (“HICL” or the “Company”, and together with its subsidiaries the “Group”) is a long term investor in infrastructure assets which are predominantly operational and yielding steady returns. It was the first infrastructure investment company to be listed on the London Stock Exchange. With a current portfolio of 118 infrastructure investments (including the A63 and Northwest Parkway commitments with limited conditions to completion), HICL is seeking further suitable opportunities, which are positioned at the lower end of the risk spectrum, in three target markets segments: PPP (social and transportation projects); regulated assets (e.g. gas and electricity transmission and distribution; water utilities); and demand-based assets (e.g. student accommodation and operational toll road concessions). HICL’s current investments are located primarily in the UK, but also in Australia, Europe and North America.

Further details can be found on the HICL website, www.hicl.com.

InfraRed Capital Partners Limited (InfraRed)

The Investment Adviser to HICL is InfraRed Capital Partners Limited (“InfraRed”) which has successfully invested in over 200 infrastructure projects since 1997. InfraRed is a leading international investment manager focused on infrastructure and real estate. It operates worldwide from offices in London, Hong Kong, New York, Seoul and Sydney. With c.130 professionals it manages US$12bn of equity capital in multiple private and listed funds, primarily for institutional investors across the globe. InfraRed is authorised and regulated by the Financial Conduct Authority.

The infrastructure investment team at InfraRed consists of 80 investment professionals, all with an infrastructure investment background and a broad range of relevant skills, including private equity, structured finance, construction, renewable energy and facilities management.

InfraRed implements best-in-class practices to underpin asset management and investment decisions, promotes ethical behaviour and has established community engagement initiatives to support good causes in the wider community. InfraRed is a signatory of the Principles of Responsible Investment.

Further details can be found on InfraRed’s website, www.ircp.com.

Categories: News

Tags:

AURELIUS to sell Swiss feed producer Granovit in management buy-out

Aurelius Capital

  • The buyer led by CEO Andreas Fischer will continue on the course taken in the operational restructuring
  • Granovit has been positioned as an independent company after the carve-out from the Cargill Group

Munich, April 1, 2019 –AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) will sell its subsidiary Granovit, with its headquarters in Lucens (Switzerland), to the current management team led by CEO Andreas Fischer in the form of a management buy-out. The company produces premix and compound feed for poultry, swine, beef cattle and dairy cattle for the Swiss market at three production facilities. The product portfolio also includes specialty feed for pets, horses and zoo animals, as well as medicated feed. The parties have agreed not to disclose the financial details of the transaction.

AURELIUS had acquired the company from Cargill in 2017. The carve-out from the Cargill Group was successfully completed in only three months. Among other things, an independent finance department and IT infrastructure were developed and the company was positioned in the market under the new name Granovit in 2018. The company’s structures, processes and costs were optimized and adapted to the requirements of a medium-sized Swiss enterprise. In addition, the portfolio was drastically streamlined with a focus on quality, while a new number of products were introduced to the market, which have established Granovit as a brand in the Swiss market.

Categories: News

Tags:

3i-backed Ponroy accelerates its international expansion with the acquisition of Pasquali Healthcare

3I

3i Group plc (“3i”) today announces that Ponroy Santé Group (“Ponroy”), a leading European company in the natural consumer healthcare industry in which 3i invested in January 2017 together with co-investor Cathay Capital and management, is acquiring Pasquali Healthcare, a leading pharmaceutical company in Italy.

Founded in 1999 and headquartered in Florence, Pasquali Healthcare develops and commercialises OTC products in the Italian pharmacy market. Its portfolio of products includes medicated skincare and natural food supplements. Its main brand, Dermovitamina (c. 60% of total sales), is the leading and most innovative medicated skincare brand in Italy, offering a wide portfolio of products for all skin disorders and benefiting from strong brand awareness.

Pasquali Healthcare is an innovative and fast-growing company; it has enjoyed double-digit growth over the last 5 years and generated €23m of sales in 2018.

This is the third acquisition made by Ponroy with the support of 3i, after the acquisitions of Ersa (Aragan and Synactifs brands) in September 2017 and Densmore (Suveal Duo and Memoptic brands) in July 2018. Following these acquisitions, Ponroy is now the third largest player in the French food supplement pharmacy channel and aims to replicate its successful business model across Europe.

The acquisition of Pasquali Healthcare adds a new product line to Ponroy’s offering in the pharmacy channel and will significantly strengthen Ponroy’s presence in Italy, the largest market for food supplements in Europe, where the Group currently operates through a subsidiary distributing the Vitarmonyl and Biopha Nature brands. Pasquali Healthcare will bring its unique expertise in the Italian pharmacy channel, thanks to its nation-wide distribution through 7,000 pharmacies and several distributors and will continue growing in Italy but also abroad thanks to Ponroy’s international network and digital capabilities.

Costantino Pasquali will continue to be CEO of Pasquali Healthcare and will lead the development of Ponroy in the Italian pharmacy channel.

Philippe Charrier, President and CEO of Ponroy, commented:

“Costantino Pasquali is a first-class entrepreneur and we share the same values and principles. He has built a strong brand with Dermovitamina, which we want to transform into an international brand. Our product portfolios are highly complementary and the expertise of Pasquali Healthcare in the pharmacy channel will be key for both our development in Italy and internationally. We look forward to working with Costantino Pasquali and his team.”

Costantino Pasquali, CEO of Pasquali Healthcare, added:

“I am delighted to see Pasquali Healthcare joining forces with Ponroy to initiate a new phase of its development. We will accelerate the international expansion of the Dermovitamina brand thanks to Ponroy’s international network, while we will also benefit from new and exciting opportunities granted by the product offering of the combined group.”

Rémi Carnimolla, Partner and Managing Director, 3i France, and Guillaume Basquin, Director, 3i France commented:

“This is a strategic acquisition for Ponroy and fully in line with 3i’s buy-and-build strategy of helping its portfolio companies to expand internationally. After two value-creative acquisitions in France, Pasquali Healthcare will support the development of Ponroy in the attractive Italian market.”

The acquisition is expected to close in Q2 2019.

Deal team
3i: Rémi Carnimolla, Guillaume Basquin, Jérémy Nakache, Marc Ohayon
Ponroy: Philippe Charrier, Matthieu Mourette

Advisors to Ponroy 
M&A: Marco Termini
Legal: Legance (Francesco Florio, Flavia Carmina, Pietro La Placa)
Finance: PWC (Giovanni Tinuper, Stella Guarino) Strategy: Roland Berger (Patrick Biecheler, Pierre-Antoine Bodin, Eléonore Moreau)

Advisors to Pasquali Healthcare
M&A: Azimut Global Counseling (Giancarlo Maestrini, Massimo Polidori)
Legal: Gatti Pavesi Bianchi (Stefano Valerio, Amélie Gillet, Tommaso Carcaterra)

Categories: News

Tags:

The Renewables Infrastructure Group Limited – Acquisition of Tille et Venelle wind farm

InfraRed Capital Partners

The Board of TRIG is pleased to announce that the Company has acquired a 100% interest in the Tille et Venelle wind farm (“the Project”), a 40MW onshore wind farm project currently in construction in Burgundy, France. The Project was acquired from Envision Energy, a leading turbine manufacturer and developer head-quartered in China. TRIG has invested c. €30.0m, including construction cost and net of project level and secured a €52m project-level debt financing.

Tille et Venelle was developed by Velocita Energies, a Paris-based Envision Group company, which is currently managing the construction of the windfarm with oversight from RES. The Project is due to become operational during Q1 2020 and will comprise 16 Envision EN-131 turbines with a capacity of 2.5MW each.

Despite a significant market share in China, this is the first time that Envision turbines are imported and erected in Europe. Construction is already well underway, with the first dedicated turbines now exiting the production lines (see pictures below). A thorough technical due diligence has covered areas such as technology, supply chain, import, and certification risks.

The project benefits from a 15-year subsidy in the form of an inflation linked Contract for Difference with the utility company EDF which fixes the price to be paid for the power. As a result, the Project has no power price risk for the duration of the subsidy term.

For the RNS issued by TRIG, please follow the link.

Enquiries

InfraRed Capital Partners Limited
+44 (0) 20 7484 1800
Richard Crawford
Phil George

 

Tulchan  Communications
+44 (0) 20 7353 4200
Martin Pengelley

 

 

More Information

The Renewables Infrastructure Group Limited (TRIG)

The Renewables Infrastructure Group (“TRIG” or the “Company”) is a leading London-listed renewable energy infrastructure investment company. The Company seeks to provide shareholders with an attractive long-term, income-based return with a positive correlation to inflation by focusing on strong cash generation across a diversified portfolio of predominantly operating projects. TRIG is targeting an aggregate dividend of 6.64 pence per Ordinary Share for the year to 31 December 2019.

TRIG is invested in a portfolio of 64 wind, solar and battery storage projects in the UK, France, the Republic of Ireland and Sweden including the acquisition announced today, with aggregate net generating capacity of 1,363MW. TRIG is seeking further suitable investment opportunities which fit its stated Investment Policy.

Further details can be found on TRIG’s website at www.trig-ltd.com.

 

InfraRed Capital Partners Limited (InfraRed)

TRIG’s Investment Manager is InfraRed, which has successfully invested in over 200 infrastructure projects since 1997.  InfraRed is a leading global investment manager focused on infrastructure and real estate. It operates worldwide from offices in London, Hong Kong, New York, Seoul and Sydney. With around 130 professionals it manages in excess of USD 10bn of equity capital in multiple private and listed funds, primarily for institutional investors across the globe. InfraRed is authorised and regulated in the UK by the Financial Conduct Authority.

The infrastructure investment team at InfraRed consists of c. 80 investment professionals with an infrastructure investment background and a broad range of relevant skills, including private equity, structured finance, construction, renewable energy and facilities management.

InfraRed implements best-in-class practices to underpin asset management and investment decisions, promotes ethical behaviour and has established community engagement initiatives to support good causes in the wider community. InfraRed is a signatory of the Principles of Responsible Investment.

Further details can be found on InfraRed’s website, www.ircp.com.

 

Operations Manager

TRIG’s Operations Manager is RES (Renewable Energy Systems Limited), the world’s largest independent renewable energy company.

RES has been at the forefront of wind energy development for over 35 years, with the expertise to develop, engineer, construct, finance and operate projects around the globe. RES has developed or constructed onshore and offshore wind, solar, energy storage and transmission projects totalling more than 16GW in capacity. RES’ operational asset portfolio exceeds 3.5GW worldwide for a large client base. Headquartered in Hertfordshire, UK, RES is active in 10 countries and has over 2,000 employees engaged in renewables globally.

RES is an expert at optimising energy yields, with a strong focus on safety and sustainability. Further details can be found on the website at www.res-group.com.

Categories: News

Tags:

The Carlyle Group to Invest in TOKIWA Corporation through a Strategic Business and Capital Alliance

Carlyle

Tokyo, Japan – Global investment firm The Carlyle Group (NASDAQ: CG) today announced that it has agreed to invest in TOKIWA Corporation (TOKIWA), a global cosmetics company engaging in the research, development and manufacturing of cosmetic products through a strategic business and capital alliance.

Headquartered in Nakatsugawa, Gifu, TOKIWA has been established for more than 70 years and is well-known for its innovations in cosmetic formulations and componentry. TOKIWA has advanced research and development capabilities with more than 400 patents worldwide, and is a supplier to prominent beauty brands around the world. A steady supply of high-quality products and its agility to respond to rapidly growing market demand has enabled TOKIWA to develop a strong reputation among its business partners. The company is also well positioned to benefit from the rising demand and admiration for safe, quality “Made in Japan” cosmetic products, fuelled by a booming tourism market.

Through the alliance, TOKIWA will work with Carlyle to establish itself as a global leader in the cosmetics manufacturing industry. Carlyle will leverage its in-depth knowledge of the cosmetics and consumer industries, corporate management skills, as well as its global network, to support TOKIWA’s marketing efforts and brand positioning in the growing global cosmetics market and lay the foundations for the company’s business expansion. Carlyle will help TOKIWA and its partners achieve further growth, deliver value to consumers, and support TOKIWA to become a “valuable global company that can continue sustained, long-term growth” as indicated in the company‘s philosophy.

Hitomi Hibino, Executive Vice President of TOKIWA, said, “Since our founding, we have continued to change and innovate. With ‘Sustainable Innovation’ as our motto, we have always strived to turn our customers’ confidence into lasting trust. We are pleased to work with Carlyle, which has a proven record in Japan and will add impetus to our organization’s initiatives.”

Yusuke Watanabe, Director of the Carlyle Japan advisory team, said, “We are very pleased to have been chosen as TOKIWA’s strategic partner. We will work to enhance TOKIWA’s business operations, assist its marketing efforts, and expedite the company’s domestic and overseas expansion. We look forward to working with TOKIWA as the company continues to create ’beauty, emotion and joy‘ for its customers around the world.”

Equity for this transaction will come from Carlyle Japan Partners III, L.P., Carlyle‘s third buyout fund in Japan. As one of the first global players to enter the Japanese market, Carlyle has engaged in investment activities in Japan since 2000, with 25 investments.

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. is acting as exclusive financial advisor to Carlyle, while Nishimura & Asahi is acting as legal advisor.

* * * * *

About TOKIWA Corporation

Company Overview

Name

TOKIWA Corporation

Establishment

July, 23, 1948

Head Office

3-20, Momoyamacho, Nakatsugawa, Gifu

Business Description

Research, development and manufacturing of cosmetics (for detail, please refer to the website:

https://www.tokiwa-corp.com/)

Key Subsidiaries

TOKIWA HOLDINGS AMERICA, INC. (US)

TOKIWA COSMETICS AMERICA, LLC. (US)

KUNSHAN TOKIWA COSMETICS CO., LTD. (China)

TOKIWA SUBIC CORPORATION (Philippines)

SONAX CORPORATION (headquartered in Saitama, Japan)

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $216 billion of assets under management as of December 31, 2018, Carlyle’s purpose is to invest wisely and create value on behalf of our investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,650 people in 31 offices across six continents.

The Carlyle Group is the only global investment firm that has dedicated Japan buyout funds denominated in Japanese yen. Carlyle’s Japan buyout funds, which have made 25 investments in Japan, have experience supporting Japanese companies’ business expansion overseas, enhancing their operational efficiency and strengthening their management infrastructure.

Press Contact:

The Carlyle Group
Tammy Li
Phone: +852 2878 5236
Email: tammy.li@carlyle.com

Ogilvy Public Relations Worldwide Japan
Yusuke Yamanaka, +81 (0)3-5793-2388
Abi Sekimitsu, +81(0)3-5791-8725
E-mail: CarlylePress.Tokyo@ogilvy.com

Categories: News

Tags:

Fred Kogel and KKR to acquire leading production company i&u TV; Günther Jauch will stay on as moderator for shows of i&u TV

KKR

  • i&u TV has outstanding production expertise in show business, entertainment and infotainment
  • Günther Jauch to remain show moderator and advisor for i&u TV in the coming years
  • Strong addition for Tele München Gruppe and Universum Film to build independent German content house

Cologne, 29 March 2019 – KKR, a leading global investment firm, today announced the acquisition of i&u TV (“i&u“) with the participation of Atwater Capital, LLC. i&u is an award-winning German television production company that combines information and entertainment in a unique way. The company produces TV shows such as “stern TV“, “Klein gegen Groß“, “Die Ultimative Chartshow“ and “Menschen, Bilder, Emotionen“ that have become defining parts of the German TV experience. i&u works closely with Germany´s most popular TV channels as well as with well-known show moderators such as Barbara Schöneberger, Thomas Gottschalk, Kai Pflaume, Jörg Pilawa, and Oliver Pocher.

“After i&u’s almost 20 years of success, I am grateful to the employees. Andreas Zaik will ensure continuity at the company as Managing Director and Editor-in-Chief. I will also continue to support the company both in front of and behind the camera for several more years. I am delighted that i&u will now become part of this large media company. I have known Fred Kogel for almost 40 years and respect him and his work. With Fred spearheading this powerful platform and a strong owner like KKR, i&u will benefit from new opportunities in the TV market and beyond,“ said Günther Jauch.

Strengthened TV production
“We are very happy to welcome Günther Jauch, Andreas Zaik and the great i&u team to our group. i&u creates unique TV shows and has been setting standards in journalistic entertainment for years. We want to build on this exceptional expertise. Infotainment is a key part of any future TV programming. The genre is becoming more and more important for our customers to differentiate their profile to appeal to viewers. I am looking forward to joining forces with the i&u team. Together, we will take the company to the next level,“ said Fred Kogel, CEO of the new media company.

Next stage of development
Philipp Freise, Member and Head of the European Technology, Media and Telecommunications Industry team at KKR, added: “With i&u, a first-class production company and a great team are joining our media company. We continue to realize our ambitious plans and are making great advances in reaching our goal of building a powerful content house in the German film and television industry.“
Following the closing of this transaction, the independent audio-visual content platform will include Tele München Gruppe, Universum Film and i&u. Together, the companies cover all parts of the value chain in the TV and film industry: they buy and produce feature films, series as well as TV shows and distribute this content to cinemas, TV channels, digital services, and home entertainment. At the same time, the companies own market-leading license libraries. Being independent furthermore allows the companies to provide premium content to all customers – from digital streaming providers such as Netflix or Amazon Prime to public and private TV channels. The management team around CEO Fred Kogel is currently preparing the operational start and further expansion of the media company.
The transaction is subject to regulatory approvals and other customary closing conditions. It is expected to close in May 2019. KKR is making its investment from its European Fund IV. Financial details of the transaction were not disclosed.
Further information on the new media company of Fred Kogel and KKR can be found in the press release of 21 February 2019 (link) and 25 February 2019 (link).

###

Media Contacts

KKR

Raphael Eisenmann Stephanie Lichtenberg
Hering Schuppener Consulting Hering Schuppener Consulting
Phone: +49 69 92 18 74-86 Phone: +49 69 92 18 74-24
Mobile: +49 160 90 61 11 07 Mobile: +49 171 86 29 942
E-Mail: reisenmann@heringschuppener.com E-Mail: slichtenberg@heringschuppener.com

 

i&u TV
Torben Richter
i&u TV
Phone: +49 221 951 599-967

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 i&u TV 
i&u TV represents information and entertainment. Combining these was and is the idea that’s behind the German TV production company i&u TV having the intention to develop and produce high quality prime time entertainment, weekly magazines, reports, and docu soaps. Founded in the year 2000 the company is located in Cologne, Germany. Every year about 140 employees produce far more than 100 premiere broadcasts with more than 160 hours of program on German TV.
Some of the most known and frequent shows are: „stern TV“, RTL’s annual review show, „Menschen, Bilder, Emotionen“, „Denn sie wissen nicht, was passiert – Die Jauch-Gottschalk-Schöneberger Show“, „Die Ultimative Chartshow“, „Nachsitzen! Promis zurück auf die Schulbank“, „5 gegen Jauch“ (all RTL), „Klein gegen Groß – Das unglaubliche Duell“, „Ich weiß alles“, „Zeig mir Deine Welt“, the annual review „Das Quiz“ (all ARD). In addition, i&u TV also produces all kinds of shows for other major German broadcasters.
Productions of i&u TV have won numerous awards like: Deutscher Fernsehpreis, Bayerischer Fernsehpreis, Goldene Kamera, CNN Journalist Award, Bobby, Deutscher Comedypreis, RIAS-Preis, Felix Burda Award, Medienpreis der Hanns-Seidel-Stiftung and others.

Categories: News

Tags:

Maesa enters next growth phase with Bain Capital Private Equity as its new partner

BainCapital

PARIS, NEW YORK, LONDON, March 28th, 2019 – Bain Capital Private Equity, a leading global private investment firm, has signed a definitive agreement to acquire a majority stake in Maesa, a global beauty brand incubator supplying leading retailers and beauty companies operating worldwide. Under this joint ownership of Bain Capital Private Equity and Maesa’s co-founders and management, the company will enter the next phase of its growth strategy.

Surpassing competition, Maesa has grown to be the leading global provider of beauty brand incubation and strategic outsourcing. By housing vertically integrated Marketing, Design, Engineering, Product Development and operations, Maesa provides customers unsurpassed speed to market providing exclusive products across the beauty industry including haircare, colour cosmetics, personal care and fragrance. Identifying white space opportunity globally, Maesa has incubated the creation of successful exclusive brands such as Kristin Ess Hair Care and Flower Beauty and partners with a wide range of retailers including Walmart, Target, Sephora, AS Watson, Ulta, Dollar General and H&M. It is Maesa’s unique model that combines the disciplines of designers, beauty merchants, consumer marketing and custom packaging development, which provides a truly differentiated and integrated service to its clients.

“We believe that Bain Capital Private Equity is the right partner to help us take Maesa into its next phase of growth as a global beauty supplier and beauty brand incubator” said Julien Saada & Gregory Mager, Co-Founders of Maesa. “Bain Capital Private Equity has a unique understanding and confidence in our long-term growth strategy, culture and people, bringing valuable global reach and expertise which will support us in our future growth plans”.

Bain Capital Private Equity has a distinguished track record of investing in and partnering with founders and management teams to accelerate the growth of companies. Its consumer and retail investments have included Bugaboo, Maisons du Monde, Sundial Brands, Virgin Voyages and Canada Goose. “The Bain Capital team has a long and successful history of working with founders to support the growth of differentiated business models that are leading change across their sectors,” said Nigel Walder, a Managing Director at Bain Capital Private Equity.

“Greg, Julien and the management team have built a remarkable business. We could not be more excited to partner with Maesa to continue to develop this innovative brand creation approach in an evolving beauty landscape.” said Miray Topay, a Principal at Bain Capital Private Equity.

Maesa is headquartered in New York, NY, USA and Levallois-Perret, France. Founded in 1997, Maesa has grown over the last 22 years to over 300 employees across seven offices globally and generates approximately over $230m in global annual sales. The founders and the management team of Maesa remain substantial shareholders alongside Bain Capital Private Equity and will continue to focus on driving the growth of the business, investing in leadership and developing talent. Andera Partners, a minority shareholder, will be selling its investment as part of the transaction. The team at Maesa thank Andera for their support.

The transaction remains subject to regulatory approval and is expected to complete in the first half of this year.

Maesa was advised by Financo. Bain Capital Private Equity was advised by Lazard and RBC Capital Markets.

About Maesa
Founded in 1997, Maesa is a global beauty brand incubator supplying leading retailers and beauty companies operating worldwide. Maesa designs and manufactures exclusive brands and private labels for mass, drug and specialty retailers and provide outsourcing solutions to beauty brands. In combining design, beauty merchant and production expertise under one roof, Maesa is a driving force in beauty brand incubation. For more information visit www.maesa.com.

About Bain Capital Private Equity
Bain Capital Private Equity (www.baincapitalprivateequity.com) has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since its founding in 1984. Bain Capital Private Equity’s global team of approximately 240
investment professionals creates value for its portfolio companies through its global platform and depth of expertise in key vertical industries including healthcare, consumer/retail, financial and business services, industrials, and technology, media and telecommunications. Bain Capital has 19 offices on four continents. The firm has made primary or add-on investments in more than 760 companies since its inception. In addition to private equity, Bain Capital invests across asset classes including credit, public equity and venture capital, managing approximately $105 billion in total and leveraging the firm’s shared platform to capture opportunities in strategic areas of focus. For more information, visit www.baincapitalprivateequity.com.

 

 

Categories: News

Tags: