Archives

Genius Sports Group to go public through combination with NYSE-listed dMY Technology Group II

Apax

27 October 2020

27 October 2020: Genius Sports Group (“GSG” or “Genius”), a portfolio company of Funds advised by Apax Partners (“Apax” or “Apax Funds”), and dMY Technology Group, Inc. II (NYSE: DMYD) (“dMY II”), a publicly traded special purpose acquisition company, today announced that they have entered into a definitive business combination agreement (the “Business Combination Agreement”) pursuant to which GSG and dMY II will combine. As a result of the business combination, GSG and dMY II shareholders will exchange their shares for shares in a new combined company, which will be publicly listed on the New York Stock Exchange (the “NYSE”). The transaction implies a pro forma enterprise value of approximately $1.5 billion. The Apax Funds will remain the largest single shareholder of the combined company.

Founded in 2000, Genius Sports Group is a leading provider of sports data, content, and technology powering the global sports, betting, and media ecosystem. The company’s technology both empowers sports leagues to capture, manage, and distribute live data and video and provides sports betting operators with secure, high-quality data and content. Genius maintains long-term partnerships with over 500 sports organizations globally, including the NBA, NCAA, FIBA, FIFA, English Premier League, and NASCAR.

Recognising the enormous growth potential of sports data and technology, the Apax Funds acquired Genius in 2018. In the two years since, the Apax Funds have supported GSG Founder and CEO Mark Locke’s efforts to expand the company’s international footprint and develop innovative new technologies and services. Today, Genius provides data on over 240,000 events each year – effectively every hour of every day. It is the official provider for over 170,000 of these events.

The Apax Funds have a strong track record of investing in the software sub-sector, having completed 14 investments over the past 15 years across multiple geographies, including Duck Creek Technologies, Epicor and Sophos.

Gabriele Cipparrone, Partner at Apax Partners, said: “We are proud to have partnered with Mark Locke and his team of experienced and driven entrepreneurs over the last two years. Pairing Apax’s operational expertise with Genius’ peerless technology and reputation for high-integrity data has created a game-changing and indispensable technology player that is driving the rapid expansion of the industry it serves. We look forward to continuing our partnership with Genius.”

Mark Locke, Chief Executive Officer of Genius Sports Group said: “I greatly appreciate the support and counsel that Apax provided during this critical time in GSG’s growth. Together, we have created a comprehensive digital infrastructure connecting the global sports betting ecosystem. We look forward to continuing our growth as a listed company and are proud to count the Apax Funds as our largest investor.”

The transaction will require the approval of dMY II’s shareholder, and is subject to other customary closing conditions.

About Apax Partners LLP

Apax Partners is a leading global private equity advisory firm. Over its more than 40-year history, Apax Partners has raised and advised funds with aggregate commitments of approximately $50 billion. The Apax Funds invest in companies across four global sectors of Tech & Telco, Services, Healthcare and Consumer. These funds provide long-term equity financing to build and strengthen world-class companies.

About Genius Sports

Genius sports is the official data, technology and commercial partner that powers the global ecosystem connecting sports, betting and media. The company is a global leader in digital sports content, technology and integrity services. Its technology is used in over 150 countries worldwide, empowering sports to capture, manage and distribute their live data and video, driving their digital transformation and enhancing their relationships with fans.

Apax Media Contacts 

Katarina Sallerfors | +44 207 872 6526 | katarina.sallerfors@apax.com

Greenbrook | +44 20 7295 2000 | apax@greenbrookpr.com

Kekst and Company | +1 212 521 4854 | todd-fogarty@kekst.com

 

Categories: News

Tags:

DIF Infrastructure VI reaches final close at €3.03 billion

DIF

DIF Capital Partners (“DIF”) is pleased to announce the final close of DIF Infrastructure VI (“DIF VI) at €3.03 billion, exceeding its €2.5 billion target.

DIF VI targets equity investments in projects and companies with pre-dominantly long-term contracted or regulated income streams including public-private partnerships, concessions, utilities, and (renewable) energy projects, that generate stable and predictable cash flows as well as attractive risk-adjusted returns. The fund targets both greenfield and operational investments in Europe, the Americas and Australasia.

DIF VI has seen strong backing from existing and new investors to the DIF platform, receiving commitments from leading institutional investors across the globe.

Allard Ruijs, Partner at DIF Capital Partners said: “We are proud of this achievement, especially in the challenging times in which we live, which is a testimony to the strength of the DIF platform and the attractiveness of the DIF VI proposition. Over the past 15 years the team has been able to generate attractive returns for our investors by consistently investing in high quality projects, enhancing project value during our ownership through active shareholder engagement, as well as by achieving successful realisations. We are confident that DIF VI will be a successful continuation of this strategy, leveraging DIF’s unique global office network and dedicated local teams to source and manage attractive investment opportunities and build robust and diversified portfolios. We are thankful for the strong support received from investors for the DIF VI partnership.”

DIF VI has made a strong start, having committed to three investments to date thereby deploying ca. 20% of the fund. This includes investments in (i) BluEarth, a Canadian renewable energy platform, (ii) Cascade, a 900 MW long-term contracted Canadian power project, and (iii) stakes in Norte Litoral and Via do Infante, two Portuguese availability-based PPP roads. Furthermore, the fund has a strong pipeline of investments across its target sectors and geographies, including both greenfield and operational projects.

About DIF Capital Partners

DIF Capital Partners is a leading global independent infrastructure fund manager, with €8.5 billion of assets under management across nine closed-end infrastructure funds and several co-investment vehicles. DIF Capital Partners invests in greenfield and operational infrastructure assets located primarily in Europe, the Americas and Australasia through two complementary strategies:

  • DIF Infrastructure funds target equity investments with long-term contracted or regulated income streams including public-private partnerships (PPP/PFI/P3), concessions, utilities, and (renewable) energy projects.
  • DIF CIF funds target equity investments in small to mid-sized economic infrastructure assets in the telecom, energy and transportation sectors.

DIF Capital Partners has a team of over 150 professionals, based in nine offices located in Amsterdam (Schiphol), Frankfurt, London, Luxembourg, Madrid, Paris, Santiago, Sydney and Toronto. Please visit www.dif.eu for further information.

Contact: Allard Ruijs, Partner; a.ruijs@dif.eu.

Share

Categories: News

Tags:

Nemera boosts parenteral product portfolio and small series capabilities in latest acquisition

Montagu

his acquisition strengthens Nemera’s proprietary product offering and establishes operations footprint in Eastern Europe.

Nemera today announced that they have entered into an agreement to acquire Copernicus. Copernicus, based in Szczecin Poland, specializes in the development and manufacturing of injection devices. Their range of reusable and disposable pen injectors are tailored for the treatment of several chronic pathologies.

We’re about to write a new chapter of Nemera’s growth story and I’m really excited about our bright future.

Marc Hämel, CEO of Nemera

Founded in 2004, Copernicus is regarded as one of the most valued innovative companies in the Polish health sector. They provide a comprehensive range of services in the introduction of modern and intuitive parenteral drug delivery devices.

This acquisition reinforces Nemera’s vision of becoming the most patient-centric drug device combination solutions company. It bolsters the company’s small series production capabilities, R&D expertise and parenteral product offering. Most importantly it expands their overall proprietary product portfolio. Copernicus’s fast and agile clinical manufacturing, adapted for small series, complements Nemera’s historical large-scale manufacturing capabilities. Furthermore, Copernicus’s marketed reusable pen injectors are of great value from a sustainability standpoint.

With this acquisition Nemera establishs an operations footprint in Eastern Europe. In order to accompany Copernicus’s solid forecasted growth, they will work together to build a new state-of-the-art manufacturing facility in Szczecin, Poland.

Marc Hämel, CEO of Nemera said, “This acquisition is a great strategic and cultural fit for us. Copernicus’ strong focus on patient needs aligns perfectly with our purpose of always putting the patient at the center of everything we do. We’re about to write a new chapter of Nemera’s growth story and I’m really excited about our bright future”.

“Nemera’s unaltered focus on patient needs and passion to develop combination product solutions of the future convinced us that this was the right next step. We’re thrilled to join Nemera and together make products that truly improve patients’ lives” added Alberto Lozano, CEO of Copernicus.

Montagu first partnered with Nemera in its 2014 carve-out from Rexam.  Montagu reinvested in the business in 2019 supporting its ambitious organic and acquisitive growth plans.

Categories: News

Tags:

MineralTree Introduces Automated Purchase Order Matching for Sage Intacct Users

.406 Venture

Cambridge, Mass., October 20, 2020 – MineralTree, an Accounts Payable (AP) and payments automation solution provider, today announced the addition of automated PO/invoice matching for Sage Intacct, a cloud-based accounting and financial management platform. The new capability equips MineralTree customers using Sage Intacct to automatically match incoming invoices against purchase orders or receipts and then insert them into users’ internal workflows for invoice approval and payment. As a result, Intacct users can save substantial finance staff time, reduce payment processing costs, and eliminate overcharges and double payments due to manual error.

The announcement coincides with the start of Sage Intacct Advantage, the premier user event for Sage Intacct customers, partners, and prospects which takes place virtually Oct. 20-21.  MineralTree will be a featured presenter at the event and will also be part of the Advantage Sponsor Showcase.

For many middle-market businesses, manually matching and reconciling incoming invoices against purchase orders is a tedious and error-prone process that consumes AP staff time and results in a variety of costly errors including overcharges, double payments, and late fees. As part of MineralTree’s end-to-end AP and payments automation solution, automated PO matching eliminates those challenges and increases financial control while improving cash management.

“As companies grow and look to better manage their spend, the use of purchase orders becomes standard operating procedure, especially in industries such as manufacturing, retail, and healthcare,” said Elle Kowal, Chief Product Officer at MineralTree. “With the addition of automated PO matching for Intacct, we can better serve the needs of larger middle-market businesses and continue to expand the footprint and value of their AP automation efforts.”

Thanks to its deep, two-way integration with Sage Intacct, MineralTree uniquely supports two PO matching workflows:

  • Standard matching – MineralTree automatically syncs POs from Intacct. When new invoices are received, MineralTree’s PO matching algorithm intelligently links line-items from invoices to line-items in purchase orders and automatically applies the proper coding.
  • Receipt-based matching – For customers who use the Intacct PO Receivers workflow to track receipt of ordered items, MineralTree can uniquely match invoice line-items against received quantity. With receipt-based matching, customers can prevent payment from being made before goods have been received.

With MineralTree’s flexible invoice approval routing rules, users can define approval workflows for both PO and non-PO invoices. They can also take advantage of a dedicated exception handling workflow for mismatched PO invoices to ensure quick resolution. Completing the loop, MineralTree automatically syncs vendor invoices to Sage Intacct with links to the original purchase order, ensuring that the PO-to-Invoice reconciliation is complete.

Sage Intacct is the latest ERP system for which MineralTree supports Automated PO Matching. The feature is also currently available for NetSuite, Sage 100, and Xero, along with hundreds of leading ERPs through MineralTree’s Universal Connector.

Categories: News

Tags:

BGF exits investment in Chase Distillery

BGF

BGF has today announced the exit of its minority investment in Chase Distillery, the owner of Chase GB Gin and the award-winning Chase Original Potato Vodka, after Diageo announced that it has reached an agreement to acquire the spirits portfolio.

The BGF Midlands team originally acquired a minority stake in the business in 2017. The investment was used to support the company’s clear vision of building a globally recognised brand.

Headquartered in Hereford, Chase Distillery is an award-winning, family-owned business that produces sustainable spirits. Founded by entrepreneur William Chase, sustainability and a relentless focus on quality are at the heart of everything the Chase Distillery does. The spirits portfolio is distilled from scratch using British-grown potatoes, apples and all-natural botanicals on the Chase Farm.

Over the last three years, Chase has expanded its global presence in the US, Australia and the UAE. Chase Original Potato Vodka is now served at some of the world’s top bars, as well as sold online and in major shops across Europe.

BGF is also an investor in Warwickshire based Purity Brewing, having backed the business in 2018 with £7.5m growth capital; Cheltenham based Off Piste Wines, which received BGF investment of £8m in 2019 and Renegade Spirits, owner of Waterford Distillery located in the south east of Ireland.

Gurinder Sunner, head of BGF’s Midlands office, said: “We’ve thoroughly enjoyed working with William and the wider team at Chase Distillery. As a British, family-owned business, they have developed a premium product and brand that resonates with its consumers and have been steadfast in their vision for the future.

“The business understands the necessity of quality and care in crafting high-end spirits in a competitive market and our investment has helped to facilitate growth – both in the UK and internationally.”

Andrew Carter, Managing Director at Chase Distillery, said: “We’re excited to be joining the Diageo family. We’ve grown rapidly over the last three years and this acquisition marks the next step on the journey of the brand.

“BGF’s investment played a key role in getting us to this position. They’ve been a supportive backer and their help and expertise has helped to guide the team as we’ve grown internationally and expanded our market reach.”

 The acquisition is expected to close in early 2021 subject to regulatory clearances.

Categories: News

Tags:

InfraRed Capital Partners portfolio company HS1 unveils plans to become carbon neutral by 2030

InfraRed Capital Partners

High Speed 1 (“HS1 Limited”), the UK’s high-speed railway link to the Channel Tunnel, majority-owned by funds advised and managed by InfraRed Capital Partners Limited (“InfraRed”), including HICL Infrastructure PLC (“HICL”), has announced a new sustainability strategy with a view to becoming carbon neutral by 2030. As part of this sustainability strategy, the concessionaire for the infrastructure, HS1 Limited is aiming to become the first UK railway to run solely on renewable energy, with trains powered by wind and solar energy. It has now secured the necessary Renewable Electricity Guarantee of Origin (REGO) certificates from its energy supplier, npower, enabling it to report zero-carbon emissions for the electricity used to power trains and stations.

HS1 Limited is also working with its operators, Eurostar and Southeastern High Speed (LSER), to reduce the carbon footprint of every passenger by 25% and to cut energy per train journey by 10% by 2030. HS1 Limited will report progress on its sustainability strategy in its annual report, focusing on the well-defined targets in the priority areas of climate change, energy use, resource use & waste impacts, social impacts, biodiversity and transparency.

Harry Seekings, InfraRed’s Head of Infrastructure, commented: “We commend HS1 Limited on the release of its new sustainability strategy, which clearly articulates the key targets that the company has put in place to achieve its ambitious objective of being the most sustainable option for transport from the UK into Europe. We are looking forward to working with HS1 Limited to support the attainment of these targets, particularly in relation to becoming carbon neutral by 2030, as this closely aligns with InfraRed’s own sustainability objectives, one of which is to support United Nations Sustainable Development Goal (UN SDG) 13 (Climate Action).”

Dyan Crowther, HS1 Ltd’s Chief Executive Officer, added: “HS1 is the Green Gateway to Europe. Through our sustainability strategy we are helping consumers reduce their carbon footprint while still enjoying safe, fast and reliable travel at home and abroad. As the UK’s only high-speed railway, we already deliver phenomenal environmental benefits to the UK and beyond, offering a more environmentally friendly alternative to cars and planes.”

Alongside the carbon emissions already avoided through train travel, HS1’s international high-speed services currently avoid around 750,000 tonnes of carbon dioxide emissions per year compared to air travel, which is the equivalent of 60,000 short-haul flights. Its domestic services remove 6,000 lorries and cars from the roads every year.

For the full version of the HS1 sustainability strategy please follow this link: https://highspeed1.co.uk/about-us/sustainability.

 

About High Speed 1

HS1 Limited has the 30-year concession to own, operate and maintain High Speed 1 (HS1), the UK’s only high-speed railway, as well as the stations along the route: St Pancras International, Stratford International, Ebbsfleet International and Ashford International.

HS1 is the 109km rail line between St Pancras International in London and the Channel Tunnel and connects the international high-speed routes between London and Paris, London and Brussels and London and Amsterdam, as well as the domestic route from London to Kent.

In July 2017, HS1 Limited was acquired by a consortium comprising of funds advised and managed by InfraRed Capital Partners Limited and Equitix Investment Management Limited.

 

About InfraRed Capital Partners

InfraRed Capital Partners is an international investment manager focused on infrastructure and real estate. It operates worldwide from offices in London, Hong Kong, New York, Sydney, Seoul and Mexico City. With more than 190 professionals, it manages US$12bn of equity capital in multiple private and listed funds, primarily for institutional investors across the globe. InfraRed Capital Partners is authorised and regulated in the UK by the Financial Conduct Authority.

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 has been a signatory of the Principles of Responsible Investment since 2011 and has been awarded triple A+ score in 2019 PRI assessment. InfraRed’s sustainability programme is aligned with the United Nations (UN) Sustainable development Goals (SDGs) framework. InfraRed proactively works with its portfolio companies to make a positive contribution to the SDGs they have chosen to support.

Effective from 1 January 2019, InfraRed is a certified CarbonNeutral® company in accordance with The CarbonNeutral Protocol.*

*The CarbonNeutral Protocol was created and is managed by Natural Capital Partners. First developed and published in 2002, The Protocol is revised and updated annually to reflect developments in climate science, international policy, standards and business practice. The Protocol is updated annually with input from an Advisory Council of external experts to ensure it reflects the latest industry and scientific best practice. Further information can be found on the following webpage: www.carbonneutral.com/protocol.

 

About HICL Infrastructure PLC

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.

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

Categories: News

Tags:

Career Air Force Supply Chain and Logistics Leader Col (ret) Kieran Keelty Joins Triman Industries to Head Partner Supply Chain Operations

Ae Industrial Partners

FOR IMMEDIATE RELEASE

Career Air Force Supply Chain and Logistics Leader Col (ret) Kieran Keelty Joins Triman Industries to Head Partner Supply Chain Operations

WEST BERLIN, N.J., October 26, 2020 – Triman Industries, Inc. (“Triman” or the “Company”), a leading provider of distribution, supply chain and repair management solutions to the military aftermarket, announced today that Kieran Keelty has joined the Company as Vice President, Partner Supply Chain Operation. The appointment is effective immediately. Triman is a portfolio company of AE Industrial Partners, LP (“AEI”), a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation and Specialty Industrial markets.

“Triman is continuing on its strong growth trajectory with an ever-increasing focus on providing world-class aftermarket services to our OEM partners and customers,” said Scott Truskin, CEO of Triman. “Kieran has a unique and diverse set of skills and relationships that will be a great fit within the Company. He will report directly to our president, Dan Edwards, and play a key role in developing and executing our strategic growth plan.”

“Triman is a pure play military distribution partner with an outstanding reputation in the industry. I’m truly excited to join a company that has been built upon a solid foundation of relentless support of the mission and warfighter while pursuing a value proposition grounded in the growth of their OEM partners and suppliers,” said Mr. Keelty. “I am anxious to bring my supply chain and logistics experience to what is already a very strong team at Triman.”

“Kieran brings a pedigree of military supply chain and DLA experience to Triman,” said Dan Edwards, President of Triman Industries. “He is truly a passionate leader and supply chain expert who will drive significant value for our partner base further enhancing our mission to be a high-touch, full-service military aftermarket supply chain innovator. We are confident he will deepen our partner relationships and identify new growth opportunities.”

In this newly created supply chain executive role, Mr. Keelty will be responsible for leading the development and execution of a comprehensive program to optimize the supply chain for Triman’s partners and suppliers. He will also be pursuing new business within DoD programs and OEMs through relationship development, innovative problem solving, gap analysis and identification of opportunities that are aligned with Triman’s unique value proposition.

Col (ret) Keelty brings over 25 years of active duty US Air Force experience to Triman. He was most recently the Commander of the 748th Supply Chain Management Group at Hill AFB, Utah where he led 925 personnel in managing a $1.2 billion annual supply chain budget sustaining 34 weapons systems. He also held key leadership positions at Air Mobility Command where he was the Chief of the Logistics Readiness division as well as the Deputy Commander of the Air Force’s largest Mission Support Group at Kadena Air Base, Japan, supervising 4,200 personnel. He has an MS in Supply Chain Management from the Air Force Institute of Technology, an MA in National Security and Strategic Studies from the US Naval War College and a BA in political Science from the University of North Carolina.

About Triman Industries
Triman is a leading provider of distribution, supply chain and repair management solutions to the military aftermarket. Founded in 1995 and based in West Berlin, NJ, Triman has mastered the business of partnering with OEM suppliers and their military customers to form the critical link between the product and the end-user in the supply chain. Today, Triman represents a growing list of over 50 OEMs and provides a full suite of value-added services including inspection and testing, packaging, labeling, marking, processing, export management, contract administration and repair management services. The Company’s proven track record, reputation for quality and responsiveness, and deep list of certifications and accreditations have allowed it to establish a leading market position and valuable partnerships in its marketplace. For more information, please visit www.trimanindustries.com.

About AE Industrial Partners
AE Industrial Partners is a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets. AE Industrial Partners invests in market-leading companies that can benefit from its deep industry knowledge, operating experience, and relationships throughout its target markets. Learn more at www.aeroequity.com.

# # #

CONTACT:
Lambert & Co.
Jennifer Hurson
(845) 507-0571
jhurson@lambert.com

or

Caroline Luz
203-656-2829
cluz@lambert.com

Categories: News

Tags:

Francisco Partners to Acquire Forcepoint from Raytheon Technologies

Franciso Partners

Francisco Partners to Acquire Forcepoint from Raytheon Technologies

Press Release – October 26 2020

Under new ownership Forcepoint will accelerate product development and growth

AUSTIN, Texas, WALTHAM, Mass., and SAN FRANCISCO, California — Forcepoint, a leading provider of cybersecurity solutions that protects the critical data and networks of thousands of customers throughout the world, and Francisco Partners, a leading global investment firm that specializes in partnering with technology and technology-enabled businesses, announced today that Francisco Partners has signed a definitive agreement to acquire Forcepoint from Raytheon Technologies.

“We have followed Forcepoint for years and have a deep appreciation for its outstanding portfolio of innovative security products,” said Brian Decker, Partner at Francisco Partners. “Security is an increasingly important strategic investment area for enterprises, creating significant opportunities for Forcepoint to continue to build upon its track record of success.”

“Executing divisional carve-outs has been a core focus of Francisco Partners since we founded the firm in 1999,” added Andrew Kowal, Partner at Francisco Partners. “We look forward to working with the Forcepoint management team to help the company realize its full potential as an independent company while delivering enhanced value to the company’s customers, partners, and the end users its products protect.”

Forcepoint offers a leading portfolio of cybersecurity solutions, helping enterprises worldwide monitor and protect networks, endpoints, data, and users. The company’s behavior-based solutions adapt to risk in real-time and are delivered through a cloud-native security platform that protects network users and cloud access, prevents confidential data from leaving the corporate network, and eliminates breaches caused by insiders. Thousands of customers in more than 150 countries trust Forcepoint to safeguard their organizations while driving digital transformation and growth and providing secure access that enables employees to create value.

“We are proud to have built an industry-leading portfolio of security products that protect our customers’ infrastructure, people, and data,” said Matt Moynahan, CEO of Forcepoint. “This transaction represents an exciting opportunity for Forcepoint to continue to innovate and drive growth with Francisco Partners. We believe that this partnership will help us to continue to invest in our products and organization while delivering increased value to our customers.”

Evan Daar, Principal at Francisco Partners, added, “Forcepoint has established a leadership position as a provider of cybersecurity solutions to customers around the world. We look forward to partnering with the Forcepoint team to further invest in the company’s cloud security portfolio.”

Debt financing for this transaction was provided by Credit Suisse. Paul Hastings LLP and Kirkland & Ellis acted as legal advisors to Francisco Partners. Barclays acted as exclusive financial advisor and Davis Polk & Wardwell LLP acted as legal advisor to Raytheon Technologies. The transaction is subject to customary regulatory review.

About Forcepoint

Forcepoint is the global cybersecurity leader for user and data protection. Forcepoint’s behavior-based solutions adapt to risk in real-time and are delivered through a converged security platform that protects network users and cloud access, prevents confidential data from leaving the corporate network, and eliminates breaches caused by insiders. Based in Austin, Texas, Forcepoint creates safe, trusted environments for thousands of enterprise and government customers and their employees in more than 150 countries. For more information on Forcepoint, please visit www.forcepoint.com.

About Raytheon Technologies

Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With 195,000 employees* and four industry-leading businesses – Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense – the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics, and quantum physics. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Waltham, Massachusetts.
*As of 4/3/20

About Francisco Partners

Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has raised over $24 billion in committed capital and invested in more than 300 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit franciscopartners.com.

Media Contacts
Raytheon Technologies: Michele Quintaglie, corporatePR@rtx.com
Francisco Partners: Whit Clay and Dan Zacchei, wclay@sloanepr.com and dzacchei@sloanepr.com
Forcepoint: Joe Stunkard, joseph.stunkard@forcepoint.com

Categories: News

Tags:

Bridgepoint completes acquisition of EQT Credit

Bridgepoint

Bridgepoint, the international alternative asset manager, is pleased to announce that it has completed the acquisition of EQT Credit. The acquisition will merge with Bridgepoint’s existing credit business to create an enlarged group which will represent over €7 billion of total assets under management.

Bridgepoint managing partner William Jackson said: “This transaction significantly accelerates the growth of our Credit activities, in line with our wish to continue to offer a diversified range of investment products to our investors. It strengthens Bridgepoint Credit’s existing local presence in London and Paris and adds new credit teams in Germany, the Nordic region and the US.”

Commenting on the newly combined Bridgepoint Credit business, managing partner Andrew Konopelski added: “Bridgepoint Credit continues to be open for business but with significantly enhanced investment firepower. We now have a dedicated team of 50 professionals in seven countries investing three highly complementary strategies that cover corporate credit from syndicated loans through European direct lending to opportunistic credit. Together we’ve been doing this since 2008 and coming together with Bridgepoint marks a new chapter that will mutually strengthen our knowledge of companies, industries and key trends in today’s market. This is a continuation of the same, but only better.”

Categories: News

Tags:

Oliver Thym Joins Thoma Bravo to Lead Credit Business

Thomabravo

SAN FRANCISCO – Thoma Bravo, a leading private equity firm focused on the software and technology-enabled services sectors, today announced that Oliver Thym has joined the firm as a partner to lead the Thoma Bravo Credit platform, which is focused on investing in the debt of software and technology companies.

Thym will oversee the firm’s credit funds and strategic debt investments, building upon a strong foundation in place with the goal to grow Thoma Bravo’s credit platform and drive value for investors. He joins the firm amid strong momentum in its credit business, with Thoma Bravo having invested or committed $3.5 billion across 48 issuers since the inception of the firm’s credit platform in 2017.

“Oliver’s deep expertise in credit and strong, long-standing relationships across sponsors and institutional investors will help us grow our credit business,” said Orlando Bravo, a founder and managing partner at Thoma Bravo. “We are thrilled to welcome Oliver to our team as we add scale to our platform to take advantage of the exciting opportunities in the credit markets.”

“Thoma Bravo is a clear leader in software and technology investing, and they have built a highly successful credit platform on the strength of a tested strategy,” said Oliver Thym. “I’m very excited to join the team at this pivotal moment to further grow the platform and continue to drive value for investors.”

Thym joins Thoma Bravo after a more than 23-year career at Goldman Sachs where he was a Partner and Head of the Private Credit Group in the Americas for the Merchant Banking Division. The Private Credit Group managed approximately $45 billion of assets under management and invested across the credit capital structure. Oliver served on various divisional and firmwide committees, including the Merchant Banking Credit and Corporate Investment Committees and Risk Committee. Oliver earned an MBA from the Stanford Graduate School of Business after receiving a BS in Operations Research and Industrial Engineering and a BA in Economics from Cornell University, where he graduated Phi Beta Kappa.

About Thoma Bravo
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With more than $70 billion in assets under management as of June 30, 2020, Thoma Bravo partners with a Company’s management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. The firm has offices in San Francisco and Chicago. For more information, visit www.thomabravo.com.

Categories: People