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Apollo’s PK AirFinance Names Eelco van de Stadt as President

Apollo Global

Van de Stadt to Assume President Position in January 2021

NEW YORK, Nov. 05, 2020 (GLOBE NEWSWIRE) — PK AirFinance, the aviation lending business managed by affiliates of Apollo Global Management, Inc. (together with its consolidated subsidiaries, “Apollo” or the “Firm”) (NYSE: APO), today announced it has named Eelco van de Stadt as its President, effective January 2021. The appointment follows PK AirFinance President Per Waldelof’s decision to retire at the end of the year.

“Eelco is one of the most experienced aviation finance professionals, having spent the past 15 years in global and regional leadership positions in the sector, and we’re pleased to welcome him as President of PK AirFinance,” said Gary Rothschild, Partner and Head of Aviation at Apollo. “We also want to thank Per for his leadership and his contributions to PK over the last 25 years, including overseeing its successful integration into Apollo’s aviation business. We believe the business is well positioned for growth and long-term success in its continued evolution.”

“I am proud to have been a part of the PK AirFinance team since 1995. During this time, PK has extended its product offering across a wide variety of loan types and eligible assets to best serve the needs of airline and investor clients worldwide, across business cycles,” said Per Waldelof. “Following the successful combination with Apollo, it is a natural moment for me to now pass the baton to Eelco and wish the team continued success.”

Eelco van de Stadt said, “I am thrilled to join PK AirFinance as President, leading a global team in an exciting next chapter for the business. As part of Apollo’s broader aviation business and integrated investment platform, PK AirFinance is uniquely positioned to not only manage its significant loan book but also grow the business, with access to technical aircraft support, expanded sourcing and pools of quality-oriented, permanent capital. I look forward to working with my future colleagues to accelerate PK’s trajectory in the marketplace.”

As President, van de Stadt will be based in London. He joins PK AirFinance from MUFG, where he served as Global Head of Origination Aviation Finance for nearly a year following MUFG’s acquisition of DVB Bank’s aviation finance client lending portfolio. Previously, van de Stadt was the Global Head of Aviation for DVB Bank, where he spent approximately 18 years focusing on aviation lending and investment management and in roles of increasing responsibility. He started his career in finance nearly 28 years ago and is a graduate of the University of Groningen in the Netherlands.

More About PK AirFinance

PK AirFinance is a premier specialized aircraft and aircraft engine lending business, with a team of professionals whose experience spans geographies, products and industry cycles. The business serves airlines, aircraft traders, lessors, investors, financial institutions and manufacturers.

In December 2019, Apollo closed on the acquisition of PK AirFinance’s aircraft lending platform. The transaction aligned PK’s leading platform with Apollo’s complementary expertise in loan origination, the aviation sector, and investment management across diversified assets and geographies.

Commenting on the state of the business, Rothschild added, “Over the past 11 months, the team has worked hard to seamlessly integrate PK AirFinance to leverage all of the associated expertise across the Apollo platform.  Our capabilities allow us to originate and underwrite loans based on both credit and asset risk to seek attractive risk-adjusted returns for our insurance and institutional investors. We believe we’re well positioned to grow the business profitably in the current market environment and beyond.”

As of the third quarter of 2020, PK’s total managed portfolio was $4.5 billion across 359 assets, flying with more than 94 operators in over 51 countries.

About Apollo

Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo. Apollo had assets under management of approximately $433 billion as of September 30, 2020 in credit, private equity and real assets funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. For more information about Apollo, please visit www.apollo.com

Contact Information

For investor inquiries regarding Apollo:

Peter Mintzberg
Head of Investor Relations
Apollo Global Management, Inc.
212-822-0528
pmintzberg@apollo.com

Ann Dai
Investor Relations Manager
Apollo Global Management, Inc.
212-822-0678
adai@apollo.com

For media inquiries regarding Apollo:

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
212-822-0491
jrose@apollo.com

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Source: Apollo Global Management, Inc.

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AURELIUS acquires Pullman Fleet Services from Wincanton plc

Aurelius Capital

  • Acquisition of market-leading commercial fleet management business, servicing blue chip customers across the UK
  • As a standalone business, Pullman will focus on growth and expanding its offering into related services including accident management and vehicle leasing
  • AURELIUS will work with Pullman to develop further commercial and growth opportunities through potential collaboration with AURELIUS-owned Rivus Fleet Solutions
  • Pullman is AURELIUS’ second carve-out announced in two weeks, underscoring its expertise in complex carve-outs, and marking another successful acquisition of a unique asset in fleet services

Munich/London, November 5, 2020 – AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) (“AURELIUS”) today announces that it has agreed to acquire Pullman Fleet Services from Wincanton plc. As a market leader with a particular focus on heavy goods vehicles (“HGV”) in the UK, Pullman Fleet Services (“Pullman”) will complement AURELIUS-owned Rivus Fleet Solutions (“Rivus”) which has an offering for light commercial vehicles (“LCV”s).

Headquartered in Doncaster, Pullman Fleet Services is the UK’s largest independent provider of commercial fleet management and maintenance, with a focus on heavy goods vehicles. Pullman has a strong reputation and track record for excellence, throughout 35 years of providing a reliable, flexible and quality service offering, and will be further supported under the ownership of AURELIUS.

Pullman is the second complex carve-out executed by AURELIUS in two weeks, following the announcement of its acquisition of GKN Wheels & Structures from GKN.

Pullman reported revenues of £44m in the financial year 2019/2020. With 27 service centres, over 70 mobile service vehicles, and more than 430 employees and highly trained technicians, Pullman’s offering provides a full suite of services for HGV and LCV fleet management outsourcing, repair and maintenance, and pay as you go flexibility depending on a customer’s needs.

AURELIUS will capitalise on Pullman’s position as the only multi-marque operator of scale for HGVs in the UK, welcoming the business into a portfolio that includes Rivus Fleet Solutions, formerly BT Fleet Solutions, and deploying in-house operational expertise to maximise the commercial potential. Pullman’s blue chip customer base operates across the retail, logistics, industrial and service sectors, with a strong growth outlook and sales pipeline. The business will also continue in partnership with Wincanton as its preferred supplier for fleet management, repairs and maintenance following completion.

Joining the AURELIUS portfolio of companies will enable Pullman to take advantage of expertise and market potential developed through its ownership of Rivus Fleet Solutions. Headquartered in Solihull, Rivus Fleet Solutions offers a comprehensive suite of fleet management services, through a network of 55 locations, supported by 800 employees and mobile technicians.

Commenting on today’s announcement Dr Dirk Markus, CEO of AURELIUS, said: “I am delighted Pullman Fleet Services is joining our portfolio, shortly after we agreed to acquire GKN Wheels & Structures from GKN. AURELIUS will empower Pullman to capitalise on the strong market growth potential and develop an expanded service offering, for example in leasing and accident management in the months ahead, alongside our portfolio company Rivus Fleet Solutions. Despite the significant uncertainty created by the Covid-19 pandemic, this transaction demonstrates our confidence in the strong position of AURELIUS, our ability to transact through downturns, and build a portfolio of companies that will grow and thrive across multiple sectors throughout Europe.

“Complex carve-outs are a unique expertise of AURELIUS, our investment and operational teams. Following from the successful acquisitions of Pullman and GKN Wheels, AURELIUS expects to see another increase in special situations and divestment opportunities in the months ahead.”

Tristan Nagler, UK Managing Director of AURELIUS, said: “I would like to welcome Pullman to the AURELIUS Group, and look forward to partnering with the management team on the next stage of its journey with us. We have confidence that our operational experts, and deep experience in fleet services with Rivus Fleet Solutions, working alongside management will ensure the standalone Pullman business has a solid platform from which to capture the significant growth opportunity available in the UK market.”

Categories: News

Unified Women’s Healthcare Announces New Investment from Altas Partners

Altas Partners

November 5, 2020

Unified Women’s Healthcare Announces New Investment from Altas Partners and Ares Management to Accelerate Mission of Empowering Physicians to Transform Women’s Healthcare

Unified Women’s Healthcare (“Unified” or the “Company”), the leading practice management platform in women’s healthcare, today announced that it has entered into a definitive agreement to add Altas Partners (“Altas”) as a strategic partner. Altas, a long-term oriented investment firm, will become Unified’s largest investor, while Ares Management Corporation (“Ares”), in equal partnership with Altas, will continue to be a significant investor in the Company. As part of the transaction, private equity funds managed by Ares will make a significant new investment in the Company. The investments from Altas and Ares, alongside the physicians who are Unified’s partners, will enable the Company to expand the breadth of services it provides to its affiliated practices, provide capital for growth, and allow the Company to further invest in market-leading value-based care capabilities for providers and payers.

Founded in 2009, Unified’s mission is to empower physicians to positively impact and lead the effort to transform women’s healthcare for the benefit of their patients. Its strategic focus remains on the preservation of clinical autonomy and decision-making at the practice level, while advancing the impact of private practice through value-based care transformation. In addition to offering professional management expertise and innovative technology, Unified seeks to grow its affiliated practices through ancillary services and platform acquisitions. Today, Unified supports more than 1,800 providers in 12 states and the District of Columbia, who collectively care for more than 2 million women each year.

“We are thrilled to welcome Altas as our partner, and alongside Ares and our physician-owners, their collective investment is a testament to the strength of our affiliated practices and the national platform we have built,” said Bob LaGalia, President and Chief Executive Officer of Unified. “Altas and Ares both understand and support our core mission, which is to continue to support outstanding physicians as they improve women’s healthcare. This investment will allow Unified to continue to support our affiliated practices as they attract great physicians, provide best-in-class capabilities, and further our investments in value-based care.”

The transaction is expected to close in December 2020, subject to customary closing conditions and regulatory approvals.

About Unified Women’s Healthcare

Founded in 2009, Unified Women’s Healthcare is the largest Ob-Gyn physician practice management company supporting more than 1,800 providers across 12 states and the District of Columbia. Unified remains an indispensable source of business knowledge, innovation, and support to empower physicians to make the greatest impact on transforming women’s healthcare for their patients. For more information, visit www.unifiedwomenshealthcare.com.

About Altas Partners

Founded in 2012, Altas Partners is an investment firm with a long-term orientation focused on acquiring significant interests in high-quality, market-leading businesses in partnership with outstanding management teams. The firm manages approximately US$7 billion on behalf of endowments, foundations, family offices, public pension funds, and other institutional investors. The firm’s past and present portfolio companies include DuBois Chemicals, University of St. Augustine for Health Sciences, Tecta America, Hub International, PADI, Medforth Global Healthcare Education, Capital Vision Services (MyEyeDr.), and NSC Minerals. For more information, please visit www.altas.com.

About Ares Management Corporation

Ares Management Corporation is a leading global alternative investment manager operating integrated businesses across Credit, Private Equity, Real Estate and Strategic Initiatives. Ares Management’s investment groups collaborate to deliver innovative investment solutions and consistent and attractive investment returns for fund investors throughout market cycles. Ares Management’s global platform had approximately $179 billion of assets under management as of September 30, 2020 with more than 1,400 employees operating across North America, Europe and Asia Pacific. For more information, please visit www.aresmgmt.com.

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Nwestco, LLC Successfully Completes the Acquisition of W. Banks Moore, Inc. and Moore Services, Inc.

Westview

Thursday, November 5, 2020

DENVER, CO (November 05, 2020) – Nwestco, LLC (“Nwestco” or the “Company”), a Denver,CO-based distributor, installer, and maintenance service provider to petroleum and car wash
service stations, has successfully completed the acquisition of W. Banks Moore, Inc. (“Banks”) and Moore Services, Inc. (“Moore Services”), collectively referred to as “Banks Moore.”

Founded in 1979, Banks Moore has evolved into a full-service maintenance service and petroleum equipment distributor to retail and commercial petroleum and car wash service stations across
central California. Since 1979, Banks Moore has been owned and operated by multiple generations of the Moore family out of Banks Moore’s headquarters in Fresno, California. Tim Gibbar, Nwestco’s CEO, commented “Banks Moore’s combination of years of success as a Gilbarco distributor, coupled with the ongoing growth of their car wash operations, sets up exceptionally well for customers and employees of both organizations.” Ryan May, Nwestco’s President, added “the Nwestco team is thrilled to partner with John and Pat Moore, and the rest of the team at Banks Moore to continue their 40+ year legacy of superior service and customer satisfaction.” Following the transaction, John and Pat Moore will remain with the newly combined businesses for a handful of years as they begin to evaluate their future life plans after many years in the petroleum and car wash industry.

The acquisition of Banks Moore marks the third acquisition Nwestco has completed since WestView Capital Partners invested in the Company in mid-2017. The combination of Banks and
Nwestco is a logical next step for the Company as it solidifies its dominant presences throughout the Western US, Rocky Mountains, and Southeastern states.

About Nwestco
Nwestco is a leading equipment distributor, installer, and maintenance provider to retail fuel stations and car washes in the Pacific Northwest, Rocky Mountain, and Southeastern regions of the US. The Company provides a one-stop solution for its customers’ equipment and service needs, offering a comprehensive product portfolio and delivering high-quality installation and ongoing maintenance services. Nwestco is based in Denver, Colorado and operates eight additional branches across Montana, Washington, Oregon, Idaho, Arkansas, and California. Additional information can be found by visiting www.nwestco.com.

About WestView Capital Partners
WestView Capital Partners, a Boston-based private equity firm focused exclusively on middlemarket growth companies, manages approximately $1.7 billion in capital across four funds.
WestView partners with existing management teams to sponsor minority and majority recapitalizations, growth, and consolidation transactions in industries such as healthcare technology and outsourcing, business services, software and IT services, consumer, and growth industrial. WestView invests in companies with operating profits between $3 million and $20 million with investment sizes ranging from $10 million to $60 million. For more information, please visit www.wvcapital.com.

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Mobile testing platform Kobiton raises $14M, acquires competitor Mobile Labs

Fulcrum

Atlanta-based Kobiton, a mobile testing platform that allows developers and QA teams to test their apps on real devices, both on their own desks and through the company’s cloud-based service, today announced that it has acquired Mobile Labs, another Atlanta-based mobile testing service.

To finance the acquisition of its well-funded competitor, Kobiton raised a $14 million extension to its $5.2 million Series A from its existing investor BIP Capital and new investor Fulcrum Equity Partners.

As Kobiton CEO Kevin Lee told me, we shouldn’t take that as the acquisition price, but it’s probably a fair guess that the real price isn’t too far off. The companies declined to disclose the exact price, though. Mobile Labs, which was founded in 2011, had raised about $15 million before the acquisition, according to Crunchbase. The last time it raised outside funding was in 2014. Kobiton and Mobile Labs do not share any common investors.

Kobiton CEO Kevin Lee. Image: Kobiton

It’s interesting that Kobiton, which launched in 2017 and which may seem like a smaller player at first glance, was able to acquire Mobile Labs. Lee argues that one of the reasons Mobile Labs decided to sell is that while his company has long focused on using machine learning to help developers build the tests for their apps — and the open-source Appium testing framework — Mobile Labs had fallen behind in this area.

“They were a little slow to invest in [AI] and I think they realized — and the rest of the market, I think will realize it — if you don’t invest heavily and early, you kind of get behind the eight ball,” Lee told me.

He also noted that there are a lot of obvious synergies between the two companies. Mobile Labs has a lot of clients in the gaming and financial services space, for example. A lot of those clients are relatively new to mobile, while Kobiton’s existing customer base is often mobile-first.

“They’ve been around for 10 years and [have] a lot of partners, a lot of stuff outside the U.S.,” Lee noted. “They have mainly focused on what I would call large established enterprises in regulated industries or industries that are really concerned about IP protection — so behind the firewalls — where they really succeeded well.”

Those Mobile Labs customers, Lee said, were also looking for AI/ML-based testing solutions and the acquisition will now allow the two companies to layer Kobiton’s technology on top of the Mobile Labs solution. There will be an upgrade path for these customers and they’ll be able to do so at their own pace. There’s no plan to sunset Mobile Labs’ existing services for the time being, though some of Mobile Labs’ individual brands may change names.

With this acquisition, Kobiton will more than double the number of its U.S.-based employees, though that’s in part because a good portion of the company’s team is based in Vietnam.

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Vector Capital Portfolio Company Emarsys Completes Sale to SAP

Vector Capital

SAN FRANCISCO–(BUSINESS WIRE)–Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced the successful sale of Emarsys, a leading provider of cloud-based talent management software, to SAP SE (NYSE: SAP). Terms of the transaction were not disclosed.

Headquartered in Vienna, Austria, Emarsys is a market-leading global provider of cloud-based marketing technology serving more than 1,500 companies worldwide. Emarsys empowers digital marketing leaders and business owners with the only omnichannel customer engagement platform built to accelerate business outcomes.

Vector Capital initially invested in Emarsys in 2015 and served as the company’s first outside institutional investment partner. Over the past six years, Vector worked closely with Emarsys’ founders and management team to successfully launch in the U.S. market, invest in product innovation, and efficiently scale its sales and marketing teams. During Vector’s investment, Emarsys significantly accelerated its revenue growth, increased profitability, and became recognized as a market leader by industry analysts including Forrester and Gartner.

Alex Slusky, Managing Director and Chief Investment Officer at Vector Capital, said, “As Emarsys’ first outside, institutional investment partner, we are extremely proud of the growth the company achieved during our ownership and to have reached a successful outcome for our investors. This investment exemplifies our successful track record of investing behind leading marketing technology platforms, accelerating North American expansion for European-based companies, and closely partnering with founders and strong management teams to help them successfully scale their businesses. Emarsys is a fantastic company and I am confident its best days are ahead as part of SAP.”

Hagai Hartman, Emarsys Founder and Chief Innovation Officer, said, “Vector Capital has been a terrific partner over the past six years. Their operational expertise has been invaluable in helping us establish our position as a market leader in cloud-based marketing technology. With Vector’s help, we expanded our geographic reach, particularly in North America, which has been one of our fastest growing markets. We look forward to our next chapter under SAP’s ownership.”

Morgan Stanley & Co. LLC acted as financial advisor to Emarsys in this transaction, and Wilson Sonsini Goodrich & Rosati and Freshfields Bruckhaus Deringer LLP acted as legal advisors.

About Vector Capital
Vector Capital is a leading global private equity firm specializing in transformational investments in established technology businesses. With more than $3 billion of capital under management, Vector actively partners with management teams to devise and execute new financial and business strategies that materially improve the competitive standing of businesses and enhance value for employees, customers, and all stakeholders. For more information, visit http://www.vectorcapital.com.

Contacts

Nathaniel Garnick/Grace Cartwright
Gasthalter & Co.
(212) 257-4170

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Kinnevik’s Chairman Dame Amelia Fawcett will not make herself available for re-election

Kinnevik

Kinnevik AB (publ) (“Kinnevik”) today announced that the Chairman of the Board of Directors, Dame Amelia Fawcett, has informed the Nomination Committee that she will not make herself available for re-election at the Annual General Meeting in 2021.

Dame Amelia Fawcett joined Kinnevik’s Board of Directors in 2011, was appointed Deputy Chairman in 2013, and was elected Chairman in 2018. Kinnevik’s Nomination Committee has initiated the search for a replacement for Dame Amelia in time for the Annual General Meeting of shareholders in 2021.

Anders Oscarsson, Chairman of the Nomination Committee, commented: “On behalf of the Nomination Committee, I would like to extend our gratitude to Dame Amelia for her significant contribution during her ten years on the Board of Kinnevik, and her leadership during her last three years as Chairman. The Nomination Committee looks forward to presenting its proposal for the new Chairman of Kinnevik as the company continues its successful transformation.”

Dame Amelia Fawcett commented: “It has been an honor and a privilege to serve on Kinnevik’s Board for ten years. During this time, Kinnevik has undergone a significant strategic transformation and today Kinnevik is in a strong position in the Nordic and global markets. The company has an exciting portfolio of widely recognized growth companies, delivering significant value to shareholders by building long-term sustainable businesses. I would like to thank all shareholders for their support in giving me the opportunity to be a small part in the great story that is Kinnevik.”

This information is information that Kinnevik AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 12.30 CET on 5 November 2020.

For further information, visit www.kinnevik.com or contact:

Torun Litzén, Director Investor Relations
Phone +46 (0)70 762 00 50
Email press@kinnevik.com

Kinnevik is an industry focused investment company with an entrepreneurial spirit. Our purpose is to make people’s lives better by providing more and better choice. In partnership with talented founders and management teams we build challenger businesses that use disruptive technology to address material, everyday consumer needs. As active owners, we believe in delivering both shareholder and social value by building long-term sustainable businesses that contribute positively to society. We invest in Europe, with a focus on the Nordics, the US, and selectively in other markets. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinnevik’s shares are listed on Nasdaq Stockholm’s list for large cap companies under the ticker codes KINV A and KINV B.

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Atlas Air Worldwide and Titan Aviation Holdings Announce Financing Facilities with CDPQ, BNP Paribas, and volofin

Cdpq

Capital Solutions PURCHASE, NEW YORK,
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Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced that Titan Aircraft Investments Ltd., a joint venture of its Titan Aviation Holdings, Inc. subsidiary and Bain Capital Credit, has entered into a US$300 million warehouse financing agreement with a subsidiary of Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, and BNP Paribas as joint lead arrangers and lenders. Titan Aircraft Investments has also separately entered into a US$200 million bridge financing agreement with volofin Capital Management being the sole lender and arranger.

The warehouse facility will provide debt capital to finance the acquisition of freighter aircraft leases by Titan Aircraft Investments and the bridge facility will provide debt capital to finance the conversion of passenger aircraft into freighter configuration.

“We are excited to partner with CDPQ, BNP Paribas, and volofin on these key financing facilities,” said Michael T. Steen, President and Chief Executive Officer of Titan Aviation Holdings and Executive Vice President and Chief Commercial Officer of Atlas Air Worldwide. “These facilities will enable Titan Aircraft Investments to serve the strong market demand for freighters and airfreight capacity, supported by the rapid expansion of express and e-commerce networks worldwide.”

“By partnering with best-in-class air cargo solutions provider, Titan Aviation, as well as leading aviation lender, BNP Paribas, and investor, Bain Capital Credit, we have the opportunity to leverage our deep knowledge of the evolving transportation and global e commerce sectors with our capacity to craft innovative financing structures,” said Martin Laguerre, Managing Director, Capital Solutions, CDPQ. “This investment is well aligned with our Capital Solutions strategy to create tailored solutions backed by high-quality assets in great demand by strong counterparties, such as global freight aircraft lessors, and to achieve attractive risk-adjusted returns.”

“It has been great to work with the Atlas and Titan teams on this project,” added Stewart Tanner, Senior Managing Director, volofin Capital Management. “volofin has used its extensive market knowledge and experience to create a bespoke and innovative structure to allow Titan the flexibility it needs within the bridge facility to both acquire and convert in-demand aircraft.”

Titan Aviation Holdings and Bain Capital Credit formed the joint venture in December 2019 to develop a diversified freighter aircraft leasing portfolio with an anticipated value of approximately US$1 billion. The long-term joint venture aims to capitalize on demand for cargo aircraft, underpinned by robust e-commerce and express market growth. Under the joint venture, Bain and Titan have committed to collectively provide US$400 million of equity capital to acquire aircraft over the next several years, which may be supplemented with additional commitments over time. Titan is also providing aircraft- and lease-management services to the venture.

The air cargo industry plays a very important role in the global economy, fueled by accelerated demand for e-commerce and express services. Titan Aircraft Investments is well-positioned to contribute to the growth of the global freighter fleet.

About Titan Aviation Holdings, Ltd. and Atlas Air Worldwide

Titan Aviation Holdings is a freighter-centric leasing company that provides dry leasing solutions to airlines worldwide. Titan’s fleet of cargo aircraft support customers including international flag carriers, express operators, e-commerce providers, and regional and domestic carriers. Titan’s deep airfreight domain expertise and innovative asset management solutions help customers quickly ramp up their aviation operations while minimizing capital investment. Since its inception in 2009, Titan has grown to become the third largest freighter lessor globally by fleet value with 30 aircraft and book value of over $1.4 billion.

Atlas Air Worldwide is a leading global provider of outsourced aircraft and aviation operating services. It is the parent company of Atlas Air, Inc., Southern Air Holdings, Inc. and Titan Aviation Holdings, Inc., and is the majority shareholder of Polar Air Cargo Worldwide, Inc. Our companies operate the world’s largest fleet of 747 freighter aircraft and provide customers the broadest array of Boeing 747, 777, 767 and 737 aircraft for domestic, regional and international cargo and passenger operations.

Atlas Air Worldwide’s press releases, SEC filings and other information may be accessed through the company’s home page, www.atlasairworldwide.com.

About Bain Capital Credit

Bain Capital Credit is a leading global credit specialist with approximately $41 billion in assets under management. Bain Capital Credit invests up and down the capital structure and across the spectrum of credit strategies, including leveraged loans, high-yield bonds, distressed debt, private lending, structured products, non-performing loans and equities.

About Caisse de dépôt et placement du Québec (CDPQ)

Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and para-public pension and insurance plans. As at June 30, 2020, it held CA$333.0 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit www.cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.

About BNP Paribas

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 71 countries, with approximately 199,000 employees, of which more than 151,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance.

In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending.

BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

About volofin Capital Management

volofin Capital Management is a finance company focused on delivering reliable and innovative financing solutions for the commercial aviation market. Formed in January 2019, it has grown quickly to support the needs of both airlines and lessors throughout the industry, is headquartered in London and its 17 staff are split between offices in London and New York.

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Leadec strengthens its position with AVI GmbH

Triton

Leadec strengthens its position with AVI GmbH

05.11.2020

Stuttgart/Hoyerswerda (Germany), 5 November 2020 – Leadec, a Triton Fund IV portfolio company and one of the leading technical service providers for the manufacturing industries worldwide, acquired AVI GmbH with key activities in automation and industrial IT, effective 1 November 2020.

With this acquisition, Leadec further expands its Automation & Engineering Division to offer its customers solutions for controlling and integrating production processes from a single source and to accompany them on their way to Industry 4.0.

“Making the factory of today ready for the production of tomorrow: digitized, networked and efficient – this is the challenge many manufacturing companies are facing. At the same time, the data volume of modern industrial facilities is growing continuously because of the Internet of Things (IoT) and companies require smart solutions to utilize this data. With AVI GmbH, we therefore strengthen our position in a sector that is very important for the future,” says Dr. Achim Agostini, Executive President of the Automation & Engineering Division at Leadec.

“We at AVI have focused on “automation full of ideas” for over 25 years, we are rooted in the region and work worldwide. Both our services and our corporate culture are an excellent fit for Leadec. As part of a global group, we can use our shared expertise to better support our customers in digitizing their production processes and making them efficient,” Mirko Wittek and Frank Seifert, Managing Directors of AVI, agree.

“Leadec offers its customers an integral digitization concept throughout the entire factory life cycle. By acquiring AVI GmbH, we are consistently pursuing our growth strategy in the Automation & Engineering Division and expanding our Industry 4.0 expertise,” adds Markus Glaser-Gallion, CEO of the Leadec Group.

AVI GmbH specializes in planning individual control and automation solutions. The company has in-depth know-how in instrumentation and control, automation as well as production IT. Since 1992 operators of complex industrial facilities or infrastructure supply systems have relied on the competence of the more than 50 employees. In addition, AVI provides machine and plant manufacturers with turnkey solutions that match the technical challenge.

With the TERANiS, [LuQ2] and [LuQ2] machine tools developed by AVI, automated manufacturing processes can be planned, controlled, visualized and monitored. They perfectly complement the solutions developed by Leadec Automation & Engineering such as jitCATS for production control. Other focus areas are process planning, simulations and project management as well as production optimization services.

About Leadec

Leadec is the leading provider of technical services for the automotive and manufacturing industries. The company, which is headquartered in Stuttgart, employs about 20,000 people worldwide. In 2019 Leadec earned sales of around EUR 900 million. For almost 60 years, Leadec has been supporting its customers along the entire production supply chain. The service provider is based at more than 300 sites, often directly at the customers’ plants and facilities.

Leadec’s global services comprise: Engineer (Production Planning & Optimization, Automation and Production IT), Install (Electrical Installation, Mechanical Installation and Relocation), Maintain (Production Equipment Maintenance and Technical Cleaning), Support (Technical Facility Management, Infrastructural Facility Management and Logistics) as well as other local services. The services are provided either in projects or permanently on site at the customer’s premises.

For more information: www.leadec-services.com

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
Anja Schlenstedt
Phone: +49 69 9210 2190
Leadec
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Nordic Capital acquires RegTech, a leading provider of regulatory reporting software

Nordic Capital

Nordic Capital has signed an agreement with management and technology consulting firm BearingPoint to acquire BearingPoint RegTech (“RegTech” or the “Company”), a leading European provider of unique software solutions across the regulatory value chain. Nordic Capital intends to support RegTech’s next phase of innovation and sustainable growth by investing in the Company’s continued product development, enhancing its organisational capacity and expanding its international footprint.

Nordic Capital today announced the agreement to acquire BearingPoint’s Regulatory Technology business, RegTech, a leading provider of software solutions for regulatory reporting. BearingPoint will continue to serve as a strategic consulting partner and will retain a minority stake in the Company.

Founded over 25 years ago, RegTech is today firmly established as a leading European provider and market leader in Germany, Austria and Switzerland. RegTech’s flagship products are used by more than 6,000 reporting firms including banks, insurance companies, supervisory authorities and financial services providers. RegTech is headquartered in Frankfurt am Main, Germany, and has 17 offices across 10 countries with a total workforce of approximately 630 employees. The Company is expected to generate revenues of close to EUR 100 million in 2020.

The Company’s solutions enable financial institutions to increase the efficiency of their regulatory and tax reporting, risk and data management processes, facilitating for them to comply rapidly with ever-changing regulatory requirements. RegTech also offers solutions supporting central banks and supervisory authorities in handling data management, processing and analysis. Through close cooperation with supervisory authorities and as a member of key standardisation committees, RegTech is actively involved in preparing and developing regulatory standards.

With Nordic Capital as its new owner, RegTech will be able to even more effectively create value for customers through investments in continued product development and enhancement in organisational capacity. The current RegTech management team will remain and work in close partnership with Nordic Capital, who will actively support RegTech’s further development and continued product innovation.

“We are delighted to welcome Nordic Capital to RegTech. The new ownership will support our further development and will also benefit our customers. With Nordic Capital we have a strong new partner at our side with extensive experience in developing and growing leading businesses in the software industry. We have used the past two years to establish the autonomy of the RegTech business within the BearingPoint Group. Together with Nordic Capital, we have formed an ambitious growth agenda and will continue to invest in our proven, reliable, and forward-looking software solution suite to extend our footprint in our core markets. Our vision is to become one of the strongest international players in the RegTech space,” says Jürgen Lux, CEO of RegTech.

“RegTech’s unique portfolio of software and solutions is highly acclaimed in the industry and has already earned the trust of more than 6,000 reporting firms including banks, insurance companies, supervisory authorities and financial services providers. We are very impressed by the Company’s market position, its platform and its potential for further expansion. Our broad experience in supporting the growth and development of software and technology companies makes Nordic Capital an ideal partner to play a formative role in the next phase for RegTech together with the Company’s management team,” says Fredrik Näslund, Partner and Head of Technology & Payments, Nordic Capital Advisors.

Kiumars Hamidian, Managing Partner, of BearingPoint, commented: “RegTech is benefitting from the increasing regulatory requirements around the world. As an independent company with a strong new owner, RegTech will have the necessary agility and flexibility to make the best possible use of these opportunities. We are pleased to retain a minority interest through BearingPoint Capital headed by Patrick Palmgren, whose team also led the M&A process from our side, and to continue create value for our joint clients.”

Technology & Payments is one of Nordic Capital’s focus sectors, with 17 platform investments made since 2001. It has a strong and active sector network and a dedicated team with local presence across Northern Europe, including Germany where RegTech is headquartered.

Nordic Capital’s previous experience in this sector includes investments such as Bambora, Board International, Conscia, Itiviti, Macrobond, Trustly and Signicat. RegTech is Nordic Capital’s second Technology & Payments platform investment in 2020, following Siteimprove, a leading global Software-as-a-Service (SaaS) company providing software solutions which improves digital accessibility and compliance, announced in September.

The terms of the transaction were not disclosed. The transaction is subject to customary regulatory approvals.

 

Footnote: “Nordic Capital” refers to any, or all, Nordic Capital branded or associated investment vehicles and their associated management entities. Nordic Capital is advised by several non-discretionary sub-advisory entities, any or all of which is referred to as “Nordic Capital Advisors”.

 

Press contacts

Bearing Point RegTech

Sandra Hering
Head of RegTech Marketing & Communications
Tel: +49 69 13022 3666
e-mail: sandra.hering@bearingpoint.com

 

Nordic Capital
Katarina Janerud, Communications Manager
Nordic Capital Advisors
Tel: +46 8 440 50 50
e-mail: katarina.janerud@nordiccapital.com

 

About BearingPoint RegTech

BearingPoint RegTech, is a leading international provider of innovative regulatory, risk, and supervisory technology solutions (RegTech, RiskTech, and SupTech) and services along the regulatory value chain for financial services. Customers representing 6,000 firms worldwide, among them large international banks, a major part of the largest European banks, leading insurance companies as well as supervisory authorities and central banks, trust RegTech’s products and services. RegTech works closely with regulators and, as a member of standardization bodies such as XBRL, actively contributes to the standard-setting process. RegTech combines regulatory know-how with a proven, reliable and forward-looking RegTech solution suite, expert consulting capabilities, and managed services. For more information, please see www.reg.tech/en/

 

About Nordic Capital

Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested more than EUR 15.5 billion in over 110 investments. The most recent fund is Nordic Capital Fund X with EUR 6.1 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, Denmark, Finland, Norway, Germany, the UK and the US. For further information about Nordic Capital, please visit www.nordiccapital.com

 

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