Archives

Winshuttle’s EnterWorks Platform to Automate Product Page Audits through New Partnership with Content Status

Stg Partners

EnterWorks MDM/PIM Clients are First to Gain Seamless Capability to Ensure Complete Accuracy of Product Pages Across Selling Platforms

Bothell, WA – November 12, 2020 – Winshuttle, the provider of the EnterWorks industry-leading Master Data Management (MDM) and Product Information Management (PIM) platform announced it is partnering with Content Status to provide clients with the capability to automate product page auditing. Content Status is a new utility that fully automates product page content auditing for brands and retailers. The new partnership will allow EnterWorks clients to ensure pages are live and accurate across all of their selling platforms.

“We are pleased to be the first MDM/PIM platform to offer Content Status as part of our ongoing mission to be proactive in integrating new capabilities in the EnterWorks platform,” said Kerry Young, Vice President and General Manager of EnterWorks at Winshuttle. “Up until now, we haven’t found an easy, affordable way for our client’s to audit and monitor all their product pages so most companies don’t do it.”

According to Content Status, over 52% of product pages fail minimum quality standards and over 10% have critical errors, driving lower conversions and expensive returns. The Content Status tool fully automates the entire auditing and monitoring process, providing clarity and transparency as to what is wrong, where, and how to fix it.

“We like that they’re 100% focused on page auditing versus trying to do everything. It allowed them to focus on building the best solution to solve the problem. And their self-service, usage-based model is the only one that makes sense for our clients.

The new partnership will allow Winshuttle clients to initiate an audit job of retailers from within the MDM/PIM platform. The Content Status tool then audits the page, grades for quality, flags hard to find errors, highlights used keywords, and defines the Perfect SKU® – all in just minutes. It also features an interactive editing process that ensures the right improvements or users can make the edits right within EnterWorks.

“We are excited to partner with Winshuttle to help them complete the ideal cycle: organized product content, syndication, and now auditing to ensure the right content is live, complete, accurate, and optimized. Unfortunately, pages disappear, are incorrectly categorized, or content gets changed without approval, crushing the bottom line.”

“Business teams now have an easy and affordable tool that gives them critical page insights in minutes and the tools to make the improvements, “ said George Koenig, Content Status co-founder. “If you’re selling online, then you want to start each day with the peace of mind knowing that all your product pages are live and selling.”

For more information about Winshuttle and the EnterWorks platform, please visit winshuttle.com/enterworks.

About Winshuttle
Over 2,400 enterprises across the globe trust Winshuttle’s automation, product information management (PIM), and multi-domain master data management (MDM) software to drive business results at scale, become more agile and transform digital into a competitive advantage.

Winshuttle’s EnterWorks solution is a Multi-Domain MDM & business process automation solution provider that powers leading brands such as Fender, GSK, Thomson Reuters, Mary Kay, IDEA, US Foods, Ecolab, Carhartt, Rich Products, and many more. The EnterWorks platform is highly ranked by industry analysts as a Multi-Domain Master Data Management hub with deep Product Information Management (PIM) and Digital Asset Management (DAM) capabilities. Our flexible platform enables customers to deliver high-quality data and experiences across systems, channels, and audiences. Learn more at winshuttle.com/enterworks.

About Content Status
Content Status is a new utility that fully automates product page content auditing, insights, and monitoring for retailers, brands, distributors, and agencies. Featuring customizable content grading, error-flagging, proprietary rule builder, and the Perfect SKU® algorithm, the subscription service requires no on-boarding, no programming and no IT involvement. For more information, visit contentstatus.com.

Press contact

Mary Lee
425-527-6639

mary.lee@winshuttle.com

Categories: News

Tags:

Platinum Equity to Sell PrimeSource to Clearlake Capital Group

Platinum

Press Release · November 13, 2020

Global Distributor of Specialty Building Materials will Serve as Clearlake’s Latest Platform for Organic Growth and Add-on Acquisitions in the Specialty Distribution Sector

LOS ANGELES, CA, SANTA MONICA, CA AND IRVING, TX (November 13, 2020) – Platinum Equity announced today the signing of a definitive agreement to sell PriSo Holding Corporation (“PrimeSource”, or the “Company”) to Clearlake Capital Group, L.P. (together with affiliates, “Clearlake”). Terms of the transaction were not disclosed.

PrimeSource is a leading global distributor of specialty building materials serving residential, commercial, and industrial new-construction and remodeling markets. Founded in 1990, PrimeSource manages a highly diversified global supply chain, distributing over 23,000 SKUs sourced from more than 500 vendors in 16 countries throughout Asia, Europe and North America. The Company plays a crucial role for its customers who rely on its superior brand value, breadth of offering and sourcing and logistics capabilities.

Platinum Equity acquired PrimeSource in 2015 from Itochu Corporation. Following the acquisition, Platinum Equity’s M&A and operations teams drove a comprehensive operational improvement and transformation program.

“We deployed the full range of our M&A&O toolkit, helping the company grow strategically while enhancing its capabilities in supply chain management, logistics, salesforce effectiveness and technology applications,” said Platinum Equity Partner Jacob Kotzubei. “By investing in growth and fundamentally improving the Company’s operational underpinnings, PrimeSource substantially increased earnings and is well positioned to sustain its momentum.”

“PrimeSource has been a fantastic success story,” said Platinum Equity Managing Director Todd Golditch. “Platinum Equity has a demonstrated track record successfully investing in and creating value in the building products space over many years and PrimeSource is no exception.  It has been a pleasure partnering with the PrimeSource management team led by Tom Koos, and we look forward to following the company’s continued success in the years ahead.”

“We deployed the full range of our M&A&O toolkit, helping the company grow strategically while enhancing its capabilities in supply chain management, logistics, salesforce effectiveness and technology applications,” said Platinum Equity Partner Jacob Kotzubei.

PrimeSource CEO Tom Koos said he is proud of the collaboration with Platinum Equity and excited about the opportunity to partner with Clearlake.

“We are grateful to Platinum Equity for the support over the past several years.  They have been instrumental in transforming PrimeSource and their operating model has been key to our success,” said Mr. Koos. “Our leadership group is thrilled for the next step. I have known José  E. Feliciano, Behdad Eghbali, Colin Leonard and the team at Clearlake for over a decade, having not only been a CEO for one of their previous portfolio companies but also in my capacity as a board member and advisor to several Clearlake portfolio companies. They are the optimal partners for PrimeSource at this stage in our Company’s evolution.  We are looking forward to continuing our exciting growth trajectory in the coming years.”

“We are excited to partner with Tom, Bill, and the entire PrimeSource management team,” said José E. Feliciano, Co-Founder and Managing Partner at Clearlake. “This new investment is a great example of our focus and expertise in the specialty industrial distribution sector. We look forward to leveraging Clearlake’s O.P.S.® playbook to capitalize on the Company’s market leadership and strong momentum to accelerate growth through both organic initiatives and acquisitions.”

“We have long admired PrimeSource for the breadth of its distribution network and unparalleled sourcing infrastructure. We look forward to investing behind the Company to bolster these capabilities, expand our product offering and increase the value PrimeSource delivers to its customers,” said Colin Leonard, Partner at Clearlake.

Moelis & Company is serving as Platinum Equity’s financial advisor on the sale of PrimeSource and Gibson, Dunn & Crutcher LLP is serving as Platinum Equity’s legal advisor. Deutsche Bank Securities is acting as Clearlake’s financial advisor and Kirkland & Ellis LLP is serving as Clearlake’s legal counsel on the transaction.

About PrimeSource
With 34 distribution centers throughout the US and more than 1,100 employees, PrimeSource is a global distributor of building materials serving residential, commercial, and industrial new-construction and remodeling markets as a value-added link in the distribution chain. Core products distributed under the nationally known Grip-Rite® and Pro-Twist® brands include: nails, screws, and collated fasteners; tools, compressors and accessories; residential and commercial roofing products; diamond blades and accessories, gypsum accessories, weather protection and covers, adhesives and caulks, contractor bags and poly sheeting, building accessories; rebar and concrete accessories; and fencing and wire. For more information, please visit www.primesourcebp.com, www.grip-rite.com, www.pro-twist.com.

About Platinum Equity
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $23 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 25 years Platinum Equity has completed more than 250 acquisitions.

About Clearlake
Clearlake Capital Group, L.P. is a leading investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are industrials, technology and consumer. Clearlake currently has approximately $25 billion of assets under management, and its senior investment principals have led or co-led over 200 investments. The firm has offices in Santa Monica and Dallas. More information is available at www.clearlake.com and on Twitter @ClearlakeCap.

Investor Relations
and Media Contacts:

Mark Barnhill
Partner
+1 310.228.9514 E-mail Mark

Dan Whelan
Principal
+1 310.282.9202 E-mail Dan

Categories: News

Tags:

DIF Capital Partners bolsters team with senior hires

DIF

Continuing to build on the firm’s strong current momentum, DIF Capital Partners (“DIF”) is pleased to announce the hiring of three senior investment professionals to bolster its investment team.

Most recently, DIF hired Caine Bouwmeester as Managing Director in London, further strengthening the global activities in renewable energy. He brings more than 13 years of renewable energy experience and has a track record of developing, acquiring and financing more than 2GW of wind and solar projects globally, enabling over €3 billion of investment.

Prior to DIF, Caine was most recently a senior vice president at Macquarie’s Green Investment Group (GIG) in London where he was responsible for the origination, structuring and execution of renewable energy investments in Europe. He has a Master’s degree in Finance from INSEAD and Bachelor Business Administration and Financial Mathematics degrees from Wilfrid Laurier University (Canada).

In addition, Marcel Beverungen has been hired as a Senior Director in the investment team in Frankfurt and Pierre Boschin as a Senior Director in the investment team in Paris to further expand and strengthen our local practices.

Marcel is an experienced infrastructure specialist, having worked as a Director in the energy, power and infrastructure team at Rothschild in Germany. Prior to Rothschild, Marcel worked at UBS and Dresdner Kleinwort, in their energy and renewables teams, advising many institutional investors and strategics on M&A, ECM and debt advisory type of transactions in German speaking countries. He has Master’s degrees from the University of Erlangen-Nuremberg (Germany) and the University of Sankt Gallen (Switzerland).

Pierre has a broad experience in the infrastructure and energy markets. Prior to joining DIF, Pierre was Managing Director at French leading M&A boutique Messier Maris & Associés, where he advised numerous transactions for major French utilities, blue chips and prime PE houses in the energy and industrial segments, in France and Southern Europe. Prior to that, he worked as an investment banker for Credit Suisse and Lazard. Pierre has Master’s degrees from the Ecole Polytechnique (France) and Oxford University (UK).

Wim Blaasse, Managing Partner: “We are excited to welcome Caine, Marcel and Pierre to DIF Capital Partners. We are delighted to have recruited three such high calibre professionals to strengthen DIF’s investment team. They will play a key role in the further growth of our platform and transacting attractive deals for our funds.”

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.

Categories: People

Raptor Technologies® Announces Gray Hall as New Chief Executive Officer

JMI Equity

Hall Brings Decades of Experience Driving Growth at High-Tech Companies

HOUSTON, Nov. 12, 2020 (GLOBE NEWSWIRE) — Raptor Technologies®, the nation’s leading provider of integrated school safety technologies, today announced that Gray Hall has joined Raptor as Chief Executive Officer. Hall succeeds Jim Vesterman who was Raptor’s CEO since 2012 and will remain on Raptor’s Board of Directors.

Hall’s career spans over 20 years of driving growth at cutting-edge technology companies. He was previously Chairman and CEO of Alert Logic where he grew the company from less than $10 million in revenues to over $125 million in revenues. Prior to that, Hall was co-founder and CEO of VeriCenter where he grew the company to over $80 million in annual recurring revenues.

“I’ve had the privilege of leading two tech companies through sustained rapid growth, while significantly impacting their respective market segments,” said Hall. “The team at Raptor is redefining and modernizing K-12 school safety and I’m excited to be playing a role in building the leading software company in such an important industry.”

“I believe that Gray will be a tremendous leader for Raptor as we continue to expand our partnerships with schools across the United States and follow our mission to protect every child, in every school, every day,” said Vesterman. Under Vesterman’s leadership, Raptor grew from serving 7,000 K-12 schools to serving more than 34,000 schools across the nation. Today, Raptor leads the country in providing K-12 software solutions for Visitor Management, Emergency Management, and Volunteer Management on one integrated technology platform.

“We are delighted to welcome Gray as Raptor’s CEO,” said Bob Nye, General Partner at JMI Equity and member of Raptor’s Board of Directors. “His exceptional leadership record, passion for building great teams, and ability to drive company growth will help Raptor continue expanding its market leadership in SaaS solutions for school safety.”

About Raptor Technologies®
Raptor Technologies is the nation’s leading provider of integrated school safety technologies for K-12 schools. Founded in 2002 with the mission to protect every child, every school, every day, Raptor® solutions include: Raptor Visitor Management, Raptor Emergency Management and Raptor Volunteer Management. Raptor’s newest product is Raptor Alert, an Alyssa’s Law compliant mobile panic alert system that expedites rapid response to school or district-wide emergency situations with a simple tap on a mobile device.

Currently, the Raptor system is being used by schools nationwide to screen students, staff, and visitors for COVID-19 via customized health screening questions and to run detailed contact tracing reports.

As of 2020, over 34,000 U.S. schools trust Raptor to help protect their students and staff.

Raptor Technologies is a privately held corporation based in Houston, Texas. For more information, visit www.raptortech.com.

About JMI Equity
JMI Equity is a growth equity firm focused on investing in leading software companies. Founded in 1992, JMI has invested in over 150 businesses in its target markets, successfully completed over 100 exits, and raised more than $4 billion of committed capital. JMI partners with exceptional management teams to help build their companies into industry leaders. For more information, visit www.jmi.com.

Media Contact
Ida Yenney, KCPR for Raptor Technologies
818-419-0516
idayenney@gmail.com

 

Categories: People

JMJ Associates Announces New CEO, Jeff Williams, Marking a New Phase of Development and Growth

3I

JMJ Associates, a leading global consultancy specializing in transforming people, performance, and culture to deliver breakthrough results, announces the appointment of Jeff Williams as Chief Executive Officer. The company’s Chief Financial Officer, Andy Fisher, had served as interim CEO since January and will continue in his role as CFO.

Jeff Williams brings extensive global consulting experience to JMJ. He is a seasoned leader and expert in the energy sector, delivering innovative enterprise-wide transformation. He recognizes that people are a company’s greatest asset, and he brings a deep understanding of the importance of focusing on human capital to achieve breakthrough performances.

“We are excited to welcome Jeff to the team,” says Peter Regan, Chairman. “Jeff brings with him a wealth of consulting experience and is known for designing and executing transformational solutions for clients. We look forward to benefitting from the insights and expertise he has accumulated over his 24 year consulting career, building and leveraging on JMJ’s existing capabilities and strengths as we chart a course for the next stages of our development and growth.”

“I would also like to express my deep appreciation to Andy Fisher for his sound leadership and commitment to the business in his role as interim CEO, particularly through these current times. Andy’s steady hand helped our global community navigate this turbulent period in our markets and helped set a firm foundation for our future.”

During Jeff’s consulting career, he has worked with top-level executives and Fortune 500 clients across various industries, including energy, healthcare, pharmaceutical, and manufacturing. His expertise includes refreshing corporate visions and strategies, aligning executive leadership teams, enabling operational excellence, and post-merger transformations. He has authored dozens of articles and studies on business transformations and is a regular speaker at industry events.

“I am truly honored to be chosen to lead this great transformational consulting organization,” says Jeff. “I am looking forward to working with JMJ’s global talent to further our mission of enabling people to reach their full potential, thrive in their workplace, and live more rewarding lives. JMJ is uniquely positioned to meet the demands of businesses looking for results beyond the predictable. Together, we will help clients solve their toughest challenges to deliver breakthrough performances.”

Most recently, Jeff served as the Global Consulting Leader for EY’s Oil & Gas Practice while also leading their Energy Consulting Business for the Americas. Before EY, Jeff served as General Manager for Slalom Consulting, a modern, cross-industry strategic consulting business. Jeff began his consulting career with Accenture (previously Andersen Consulting), where he spent 18 years serving many of the largest clients in the energy sector. Jeff is also a co-founder and board member of Umbrage Studios, a creative product development studio headquartered in Houston, Texas.

“This is a strange and challenging year. Many companies face volatility, uncertainty, and ambiguity and need to create breakthroughs in human performance and productivity. Being able to offer JMJ’s distinct capabilities in cultural transformation and organizational performance more broadly and in a modernized way, blending physical, virtual and digital client experiences, and refining the practice of management and leadership is what is exciting to me.”

 

logo-jmj.png

Categories: People

JMJ Associates Announces New CEO, Jeff Williams, Marking a New Phase of Development and Growth

3I

JMJ Associates, a leading global consultancy specializing in transforming people, performance, and culture to deliver breakthrough results, announces the appointment of Jeff Williams as Chief Executive Officer. The company’s Chief Financial Officer, Andy Fisher, had served as interim CEO since January and will continue in his role as CFO.

Jeff Williams brings extensive global consulting experience to JMJ. He is a seasoned leader and expert in the energy sector, delivering innovative enterprise-wide transformation. He recognizes that people are a company’s greatest asset, and he brings a deep understanding of the importance of focusing on human capital to achieve breakthrough performances.

“We are excited to welcome Jeff to the team,” says Peter Regan, Chairman. “Jeff brings with him a wealth of consulting experience and is known for designing and executing transformational solutions for clients. We look forward to benefitting from the insights and expertise he has accumulated over his 24 year consulting career, building and leveraging on JMJ’s existing capabilities and strengths as we chart a course for the next stages of our development and growth.”

“I would also like to express my deep appreciation to Andy Fisher for his sound leadership and commitment to the business in his role as interim CEO, particularly through these current times. Andy’s steady hand helped our global community navigate this turbulent period in our markets and helped set a firm foundation for our future.”

During Jeff’s consulting career, he has worked with top-level executives and Fortune 500 clients across various industries, including energy, healthcare, pharmaceutical, and manufacturing. His expertise includes refreshing corporate visions and strategies, aligning executive leadership teams, enabling operational excellence, and post-merger transformations. He has authored dozens of articles and studies on business transformations and is a regular speaker at industry events.

“I am truly honored to be chosen to lead this great transformational consulting organization,” says Jeff. “I am looking forward to working with JMJ’s global talent to further our mission of enabling people to reach their full potential, thrive in their workplace, and live more rewarding lives. JMJ is uniquely positioned to meet the demands of businesses looking for results beyond the predictable. Together, we will help clients solve their toughest challenges to deliver breakthrough performances.”

Most recently, Jeff served as the Global Consulting Leader for EY’s Oil & Gas Practice while also leading their Energy Consulting Business for the Americas. Before EY, Jeff served as General Manager for Slalom Consulting, a modern, cross-industry strategic consulting business. Jeff began his consulting career with Accenture (previously Andersen Consulting), where he spent 18 years serving many of the largest clients in the energy sector. Jeff is also a co-founder and board member of Umbrage Studios, a creative product development studio headquartered in Houston, Texas.

“This is a strange and challenging year. Many companies face volatility, uncertainty, and ambiguity and need to create breakthroughs in human performance and productivity. Being able to offer JMJ’s distinct capabilities in cultural transformation and organizational performance more broadly and in a modernized way, blending physical, virtual and digital client experiences, and refining the practice of management and leadership is what is exciting to me.”

 

logo-jmj.png

Categories: People

IK Investment Partners to acquire GeoDynamics

ik-investment-partners

IK Investment Partners (“IK”) is pleased to announce that the IK Small Cap II Fund has reached an agreement with Peter Vermeesch, Stijn Stragier and Sofindev to acquire a majority stake in GeoDynamics (“the Company”). GeoDynamics is a leading SaaS provider specialising in location-based software solutions for mobile workforces. Financial terms are not disclosed.

GeoDynamics was founded in 2004 and is headquartered in Kortrijk, Belgium. The Company’s software solutions serve over 2,700 customers across construction, utilities, technical and manufacturing services, in addition to local municipalities. The proprietary cloud-based platform allows customers to manage their vehicle fleets in real-time and account for mobile workers’ time and activity registration.

IK will be acquiring a majority stake from Sofindev and the management team, led by founders and joint Managing Directors, Peter Vermeesch and Stijn Stragier. Following the transaction the business will continue to be led by both founders, who will also be reinvesting alongside IK.

Peter Vermeesch and Stijn Stragier, joint Managing Directors and co-founders of GeoDynamics, said: “We are excited to be partnering with IK as we look to expand beyond our home market of Belgium and bring our innovative solutions to SMEs further afield.  With their strong track record and on the ground presence in our key target market of Belgium, we are confident we have the right team to help facilitate our growth. We are also very grateful to Sofindev for their support over the last four years.”

Sander van Vreumingen, Partner at IK Investment Partners and advisor to the IK SC II Fund, said: “GeoDynamics provides a unique proposition, particularly among SMEs operating in construction, utilities and technical services, who are looking to optimise the efficiency of their workforces and value the ability to integrate this software into their existing systems. We believe there is huge potential for GeoDynamics to replicate its success in Belgium across other adjacent regions and markets and look forward to working with Peter and Stijn to deliver this goal.”

Jan Camerlynck, Partner at Sofindev, said: “We have been proud to support GeoDynamics since 2016 in a partnership with Peter and Stijn. They have done a tremendous job, together with their team, to  develop the company’s position as the number one provider in Belgium with a truly unique SaaS software solution for mobile workforce management. As the business has reached a scale to expand to new markets now is the right time to join with a new partner and we wish them every success with IK.”

For further questions, please contact: 

Maitland/AMO
James McFarlane
T: +44 (0) 20 7379 5151
jmcfarlane@maitland.co.uk 

IK Investment Partners
Nastasja Vojvodic
T: +44 (0) 20 7304 4300
nastasja.vojvodic@ikinvest.com

About IK Investment Partners

IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €13 billion of capital and invested in over 135 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com

Categories: News

Tags:

JMJ Associates Announces New CEO, Jeff Williams, Marking a New Phase of Development and Growth

3I

JMJ Associates, a leading global consultancy specializing in transforming people, performance, and culture to deliver breakthrough results, announces the appointment of Jeff Williams as Chief Executive Officer. The company’s Chief Financial Officer, Andy Fisher, had served as interim CEO since January and will continue in his role as CFO.

Jeff Williams brings extensive global consulting experience to JMJ. He is a seasoned leader and expert in the energy sector, delivering innovative enterprise-wide transformation. He recognizes that people are a company’s greatest asset, and he brings a deep understanding of the importance of focusing on human capital to achieve breakthrough performances.

“We are excited to welcome Jeff to the team,” says Peter Regan, Chairman. “Jeff brings with him a wealth of consulting experience and is known for designing and executing transformational solutions for clients. We look forward to benefitting from the insights and expertise he has accumulated over his 24 year consulting career, building and leveraging on JMJ’s existing capabilities and strengths as we chart a course for the next stages of our development and growth.”

“I would also like to express my deep appreciation to Andy Fisher for his sound leadership and commitment to the business in his role as interim CEO, particularly through these current times. Andy’s steady hand helped our global community navigate this turbulent period in our markets and helped set a firm foundation for our future.”

During Jeff’s consulting career, he has worked with top-level executives and Fortune 500 clients across various industries, including energy, healthcare, pharmaceutical, and manufacturing. His expertise includes refreshing corporate visions and strategies, aligning executive leadership teams, enabling operational excellence, and post-merger transformations. He has authored dozens of articles and studies on business transformations and is a regular speaker at industry events.

“I am truly honored to be chosen to lead this great transformational consulting organization,” says Jeff. “I am looking forward to working with JMJ’s global talent to further our mission of enabling people to reach their full potential, thrive in their workplace, and live more rewarding lives. JMJ is uniquely positioned to meet the demands of businesses looking for results beyond the predictable. Together, we will help clients solve their toughest challenges to deliver breakthrough performances.”

Most recently, Jeff served as the Global Consulting Leader for EY’s Oil & Gas Practice while also leading their Energy Consulting Business for the Americas. Before EY, Jeff served as General Manager for Slalom Consulting, a modern, cross-industry strategic consulting business. Jeff began his consulting career with Accenture (previously Andersen Consulting), where he spent 18 years serving many of the largest clients in the energy sector. Jeff is also a co-founder and board member of Umbrage Studios, a creative product development studio headquartered in Houston, Texas.

“This is a strange and challenging year. Many companies face volatility, uncertainty, and ambiguity and need to create breakthroughs in human performance and productivity. Being able to offer JMJ’s distinct capabilities in cultural transformation and organizational performance more broadly and in a modernized way, blending physical, virtual and digital client experiences, and refining the practice of management and leadership is what is exciting to me.”

 

logo-jmj.png

Categories: People

Tags:

Divestment of Three Scandinavia’s telecom tower business and assets

Investor

2020-11-12 13:00 GMT+01

Patricia Industries, a part of Investor AB, has agreed to divest its 40 percent share of Three Scandinavia’s tower business and assets by:

  • Transferring its share of Three Scandinavia’s passive network infrastructure assets to CKH Networks, an operator of CK Hutchison’s European tower business with assets in Austria, Denmark, Ireland, Italy, Sweden and the United Kingdom.
  • Participating in the divestment of CKH Networks for EUR 10bn to Cellnex, the leading European independent operator of wireless telecommunications infrastructure. The consideration attributable to Patricia Industries will be 5 percent of the total consideration.

“This is a value creative transaction that will further strengthen our balance sheet,” says Investor AB President and CEO Johan Forssell.

“We believe this transaction creates value by finding a good, focused home for the tower assets, and allowing Three Scandinavia to focus on its core business of providing customers with high-quality mobile services. Three Scandinavia will continue investing in its network and services,” says Christian Cederholm, Co-head of Patricia Industries.

For the 12-month period ending September 30, 2020, Three Scandinavia’s reported EBITDA amounted to SEK 4,042m. Following the transaction, the company will establish service contracts with Cellnex for the utilization of the divested passive infrastructure.

The transaction is expected to close on a country by country basis, subject to regulatory approval, into 2021.

About Three Scandinavia
Three Scandinavia, founded in 2000, is a provider of mobile voice and broadband services in Sweden and Denmark. CK Hutchison owns 60 percent and Investor AB 40 percent of the company.  

About Patricia Industries
Patricia Industries is a long-term owner that invests in companies and works to develop each company to its full potential. Patricia Industries is a part of the industrial holding company Investor AB, whose main owner is the Wallenberg Foundations.

For further information:

Viveka Hirdman-Ryrberg, Head of Corporate Communication and Sustainability,
Phone +46 70 550 3500
viveka.hirdman-ryrberg@investorab.com

Magnus Dalhammar, Head of Investor Relations,
Phone +46 73 524 2130
magnus.dalhammar@investorab.com

Our press releases can be accessed at www.investorab.com

Investor, founded by the Wallenberg family in 1916, is an engaged owner of high quality global companies. We have a long-term investment perspective. Through board participation, as well as industrial experience, our network and financial strength, we work continuously to support our companies to remain or become best-in-class. Our holdings include, among others, ABB, Atlas Copco, Ericsson, Mölnlycke and SEB.

Categories: News

Tags:

Mindful Chef finds new home with Nestle after 5x growth

Piper

We are delighted to announce that Mindful Chef has been bought by Nestlé. In a wonderful two-year journey since we invested £6m in December 2018, sales have increased fivefold to £50m.

It’s astonishing how something so special has been built in such a short period of time – school friends Giles Humphries, Myles Hopper and Robert Grieg-Gran only founded the company in 2015. Since then, it has delivered over 9.5 million meals to households across the UK and become the nation’s highest rated recipe box according to Trustpilot.

As the name suggests, it has come to embody a mindfulness about the suppliers it chooses, the healthy ingredients it uses, and the brand’s impact on the environment. As well as being a certified B-Corp, for every meal sold, a school meal is donated to a child living in poverty through the firm’s ‘One Feeds Two’ initiative, which has seen more than five million meals donated so far.

The brand’s focus on health and nutrition has also seen Mindful Chef appointed the official nutrition partner for the English Institute of Sport while its partnership with the British Heart Foundation aims to raise awareness of how a healthy, balanced diet can help support heart and circulatory health. Testament to this, Sir Andy Murray, Victoria Pendleton CBE and Will Greenwood MBE are among its legions of fans.

As a truly purpose-driven brand, we are proud to have backed a team that embody our own values. We love nothing more than finding great custodians for our partner brands and, in Nestle, they now have a lifelong partner that can help them achieve their mission of getting more people to eat healthily.

Categories: News

Tags: