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Latour’s wholly-owned subsidiary, Latour Industries, has today announced a recommended cash public offer to the shareholders of Allgon AB (publ)

Latour logo

2020-12-14 08:45

Investment AB Latour’s wholly-owned subsidiary, Latour Industries AB, has today announced a recommended public offer to the shareholders of Allgon AB (publ) to tender all class B shares, which are the only outstanding class of shares, in Allgon to Latour Industries.

For more information, please refer to Latour Industries’ press release:
http://latourindustries.se/en/news/latour-industries-ab-offentliggoer-ett-rekommenderat-kontanterbjudande-om-10-75-kronor-per-aktie-till-aktieaegarna-i-allgon-ab-publ

Göteborg, 14 December 2020

INVESTMENT AB LATOUR (PUBL)
Johan Hjertonsson, CEO

For further information, please contact:
Johan Hjertonsson, CEO Latour, +46 702 29 77 93
Anders Mörck, CFO Latour, +46 706 46 52 11

Latour Industries consists of a number of operating areas, each with its own business concept and business model. The ambition is to develop independent entities within the business area which can eventually become new business areas within the Latour Group. Latour Industries has an annual turnover of SEK 3 billion.

Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listed holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of nine substantial holdings with a market value of about SEK 67 billion. The wholly-owned industrial operations has an annual turnover of SEK 15 billion.

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Listing on Euronext Growth and partial exit of Elektroimportøren

Hercules Capital

On 14 December 2020, the Herkules Fund IV and other shareholders of Elektroimportøren Invest AS (“Elektroimportøren”) completed a share offering in connection with a planned listing on Euronext Growth on 16 December 2020. Elektroimportøren is a dispuptive provider of electrial equiment and installations with a nationwide presence in Norway
The share offering was based on a market capitalisation of NOK 1bn and the share offering deal size was NOK 710m. The transaction will generate net proceeds of up to NOK 665m for Herkules Fund IV (“the Fund”), and the Fund will remain the largest shareholder, holding 20% of the shares after listing. NOK 60m of the Fund’s shares are sold as part of a stabilisation scheme and could potentially be returned to the Fund. If they are returned, Herkules Fund IV will hold up to 26% post listing and net proceeds will be lowered by up to NOK 60m. The stabilisation scheme expires 30 days after listing.
Herkules Fund IV’s post-listing shareholding is subject to a customary 6-month lock-up. The current investment team will represent the Fund on the board of directors and continue to work closely with the company.

Elektroimportøren is today a full-range provider of electrical equipment to professionals and consumers, with sales through both physical stores as well as online through www.elektroimportoren.no.

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In&motion raises 10M€ Series A for its connected wearable airbags

360 Capital

In a round co-led by 360 Capital and existing investor Upfront Ventures, Annecy-based In&motion raises 10M€ to become the leader in connected airbags.

In&motion has developed an airbag vest targeting motorbike users. The device leverages artificial intelligence onboarded in the connected In&box system to analyze drivers’ movements and anticipate accidents, allowing for real-time protection. The technology has been tested and approved by top sporting events (MotoGP and soon the Dakar rally), and has started addressing everyday users.

The startup has started commercialization in France and abroad, and will leverage the new funding round to further international expansion and continue product development.

Although bikers are the first target market, the development of diverse micromobility solutions for city commuters represent immense opportunities for In&motion.

Welcome to the 360 Capital family!

Read more on Techcrunch

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WATERLAND announces closing of€2.5 billion for their eight Fund

Waterland

Waterland Private Equity Investments (“Waterland”) is pleased to announce the closing of its eighth institutional fund, Waterland Private Equity Fund VIII (“WPEF VIII”) at €2.5 billion. The fund closed at the hard cap three months after its initial launch.

WPEF VIII was considerably oversubscribed with demand significantly exceeding the fundraising target, attributable to continued strong support from existing investors combined with significant interest from new investors.

The fundraise attracted commitments from world class institutional investors with over half headquartered in Europe, over a third in the United States, and select investors from the Middle East and Asia Pacific. Public pension plans represent the largest proportion of the investor base.

WPEF VIII expects to make control investments in medium-sized quality companies in fragmented growth markets in Europe (Benelux, DACH, Poland, UK, Ireland, Nordics and France) to finance organic and acquisitive growth. This is a continuation of the successful buy-and-build investment strategy applied to the Firm’s prior funds over the last two decades.

“The fundraising for WPEF VIII has been a great success and we are grateful for the support of our investors. It is a significant achievement for us to have closed Waterland’s largest fund to date in just three months, doing so completely remotely and during the COVID-19 pandemic. We look forward to making investments with our eighth fund, for which we see many attractive opportunities in the target region. We remain thankful for the continued support of our existing investors, and we are proud of the high quality of the new investors we now welcome into WPEF VIII.” said Frank Vlayen, Group Managing Partner.

Marc Lutgen, Head of Investor Relations, said: “The success of the fundraise of WPEF VIII despite the challenges presented by a global pandemic reflects investors’ confidence in Waterland’s strategy and team. We are grateful for the support our investors have shown us and their ease towards adapting their investment processes to enable remote diligence.”

MVision Private Equity Advisers acted as the global strategic fundraising adviser for Waterland. Kirkland & Ellis International LLP acted as the global legal, tax and regulatory counsel. De Brauw Blackstone Westbroek N.V. acted as Dutch legal counsel.

For further informationen please contact:
Marc Lutgen, Head of Investor Relations, Waterland, lutgen@waterland.nu

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PointClickCare Technologies Announces Intent to Acquire Collective Medical, Creating the Largest Combined Acute and Post-Acute Care Network in North America

JMI Equity

Post-acute technology leader to combine with leading full-continuum real-time care coordination platform to drive better outcomes for vulnerable populations with complex care needs

MISSISSAUGA, Ontario–(BUSINESS WIRE)–PointClickCare Technologies, the leader in cloud-based software technology for the long-term and post-acute care market, today announced its intent to acquire Collective Medical, the leading network-enabled platform for real-time cross-continuum care coordination. Together, PointClickCare and Collective Medical will provide diverse care teams across the continuum of acute, ambulatory, and post-acute care with point-of-care access to deep, real-time patient insights at any stage of a patient’s healthcare journey, enabling better decision making and improved clinical outcomes at lower cost. The acquisition is subject to receiving regulatory approvals and other customary closing conditions and is expected to be completed by the end of December 2020.

“The healthcare ecosystem is a mix of disconnected providers, systems, plans, processes and data. Healthcare costs and risk are on the rise, while patient care and provider-to-provider coordination are inconsistent. Our mission is to improve the lives of seniors, and we believe the best way to meaningfully advance this goal is by connecting disparate points of care,” says Mike Wessinger, founder and chief executive officer of PointClickCare Technologies. “Collective Medical offers the right fit of people and technology and together we will initiate a new era of data-enriched collaboration across the continuum that radically transforms how data and people are empowered to liberate health.”

PointClickCare supports a network of more than 21,000 skilled nursing facilities, senior living communities and home health agencies. In the United States, 97 percent of all hospitals discharge patients to skilled nursing facilities using PointClickCare. Collective Medical’s platform connects more than 1,300 hospitals, thousands of ambulatory practices and long-term post-acute care (LTPAC) providers, as well as accountable care organizations (ACOs) and every national health plan in the country, across a 39-state network. These providers come together via the Collective platform to support patients suffering from a variety of complex conditions, including substance use disorder, mental and behavioral health issues, and other care needs requiring multiple interventions and transitions across disparate care settings. The combination of PointClickCare and Collective Medical will enable care to be more seamlessly delivered for the most complex (high-cost, high-needs) patients, including the rapidly growing aging population.

“There is near-perfect alignment between Collective Medical and PointClickCare given our shared values and mission to support vulnerable populations,” says Chris Klomp, chief executive officer of Collective Medical. “We are thrilled to join forces with PointClickCare to expand our network even faster as we work to connect healthcare at scale and ensure no patient slips through the cracks of an otherwise fragmented care continuum.”

With the acquisition of Collective Medical, PointClickCare will solidify its position as a high growth, cloud-based healthcare software provider, serving a large, diversified customer base across the acute, ambulatory, post-acute, and payer spectrum. As the shift to value-based care fuels growing market demand for intelligence and collaboration tools, the company will be best positioned to provide the most fully integrated set of real-time care coordination tools across the entire continuum of care, powered by the largest network of its kind in the U.S.

The acquisition will follow a partnership, created between the companies in August 2019, which streamlined the integration of Collective Medical’s solution for care transitions with PointClickCare’s leading cloud-based software platform. Hundreds of PointClickCare customers are already leveraging this connection to the Collective platform to coordinate seamless care transitions and influence decisions at the point of care.

To learn more about PointClickCare, visit www.pointclickcare.com.

About PointClickCare

With a suite of fully-integrated applications powered by cloud-based healthcare software, PointClickCare leads the way in helping care providers connect, collaborate, and share data within their network. Over 21,000 long-term and post-acute care providers, including skilled nursing facilities, senior living communities, and home health agencies use PointClickCare today, making it the North American healthcare IT market leader for the senior care industry. For more information on PointClickCare’s software solutions, visit www.pointclickcare.com.

About Collective Medical

Collective Medical is the nation’s leading real-time care notification, activation, and collaboration platform. Proven to streamline care transitions, improve coordination, and reduce unnecessary length of stay and admissions, Collective helps improve patient outcomes and lower costs by closing communication gaps across care settings that undermine care. With a nationwide network of thousands of hospitals and health systems, primary, specialty, and post-acute clinics, health plans and ACOs, Collective integrates alongside EHRs and health information exchanges to empower decision making by highlighting essential insights and actions to take on patients a provider has already seen, is currently seeing, or should see. Learn more about Collective’s impact at www.collectivemedical.com.

Contacts

Tania DiVito
Corporate Communications Manager, PointClickCare
Tania.divito@pointclickcare.com
905-858-8885 x1997
800-277-5889 x1997

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ECI announces sale of Arkessa to Wireless Logic

ECI

We’re delighted to announce that we have completed the sale of IoT connectivity provider Arkessa to Wireless Logic, for a 2.1x return and 30%+ IRR.

Arkessa offers world-wide, world-class cellular connectivity services that make it easy to design, deploy and manage IoT devices securely, efficiently, and at scale, regardless of application or business model.

ECI first invested in Arkessa in July 2018 to help support its already strong growth in the IoT market. Since that time Arkessa has continued to demonstrate high resilience and consistent double-digit growth in subscription revenues.

 

 

During ECI’s involvement, Arkessa acquired Netherlands-based Sim Services in August 2020 to further support the firm’s international growth ambitions and cemented Arkessa’s position as one of the few independent businesses of scale in the IoT market.

ECI was invested in Arkessa’s buyer Wireless Logic from 2011 to 2015 and during that time, supported the firm’s expansion to become a leading player in the European IoT market.

In addition to Arkessa and Wireless Logic, ECI’s experience in the IoT space has also included Peoplesafe, the technology firm focused on lone worker protection, and most recently CSL, the M2M and IoT critical connectivity solutions provider. IA Global Capital acted as exclusive financial advisor to Arkessa and Squire Patton Boggs were legal advisor.

Andrew Orrock, CEO of Arkessa, said, “ECI’s exceptional track record and understanding of the IoT market was a real draw when we began our partnership in 2018. Thanks to their support, we were able to continue to fuel our international growth and focus on our goal to ‘future proof’ Enterprise connections to the Internet of Things. Wireless Logic is a natural choice for the next stage of our journey, and we look forward to working together to form the leading global player in the IoT market.”

Paul McCreadie, Partner at ECI Partners, comments, “We’re delighted to announce the sale of Arkessa to Wireless Logic. Andrew and the team have continued their strong growth trajectory this year whilst also acquiring Netherlands’ headquartered Sim Services. Arkessa has proved to be extremely resilient despite the challenging backdrop of 2020. Wireless Logic is a great fit for Arkessa and we would like to thank both teams for a successful partnership as we wish them all the best for their combined future.”

Oliver Tucker, CEO at Wireless Logic, adds, “This is a landmark acquisition for Wireless Logic, putting the group in a stronger position to serve the needs of the market as it continues to evolve. Arkessa will strengthen the group’s routes to market, bolster team expertise and boost eUICC capabilities, paving the way for further sustained business growth in the years ahead. We are looking forward to working with the talented team at Arkessa as we continue to develop solutions and services for the rapidly evolving M2M and IoT connectivity market”

Paul McCreadie
Paul McCreadie
Partner

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Andera Partners renames all its activities

Andera Partners

Andera Partners unveils today the new names of its four investment teams. Two years after becoming independent in 2018, the leading private equity management company is strengthening communication around all its activities, with a focus on the Andera brand.

BioDiscovery, which supports the development of innovative therapeutic products and medical technologies (amounts invested from €5 million to €35 million), has become ANDERA LIFE SCIENCES.

ActoMezz, the team dedicated to sponsorless mezzanine investments (amounts invested from €10 million to €100 million), has become ANDERA ACTO.

Cabestan Capital, dedicated to supporting growth SMEs (amounts invested of €7 million to €20 million), has become ANDERA EXPANSION, while Cabestan Croissance (amounts invested of €2 million to €7 million) has become ANDERA CROISSANCE.

Winch Capital, which helps growth mid-caps to upscale (amounts invested from €20 million to €100 million), has become ANDERA MIDCAP.

 

Andera Partners’ mission is to work alongside companies and their managers to support them towards strong and sustainable growth. Our performance relies on a strong partnership between the entrepreneurs in our portfolio companies and our teams, based on shared values. We therefore wanted to place this identity at the heart of our communication through a brand signature reflecting the power of collective commitment: “The Power of And”.

With the Andera brand now part of each of our business teams’ names, we are seeking to take our management company to the next level, growing it and extending its influence by highlighting the strength of our partnership.

Sylvain Charignon and Raphaël Wisniewski, managers of Andera Partners: “Andera Partners is now clearly recognized by our ecosystem as an original and attractive model, with a strong identity. More than two years after becoming independent, the Andera brand has acquired a firm footing in the market; it was therefore the appropriate time to turn the page on the historical brands associated with our teams – some of which were chosen 20 years ago, while others were adopted or created more recently. We are thus strengthening the parental links of each of our activities to the Andera brand. These new team names will raise our brand’s profile among all our stakeholders, investors, entrepreneurs, employees and advisers, by highlighting the strength of the Andera partnership, which now represents 70 employees and €2.5 billion in assets under management.”

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Wireless Logic acquires Arkessa, securing IoT leadership position

Montagu

Wireless Logic acquires Arkessa, securing IoT leadership position

Wireless Logic, a global leading IoT connectivity platform provider, today announces the acquisition of Arkessa Ltd to further strengthen its market position. This marks the latest step in Wireless Logic’s business expansion following the recent acquisition of European companies Datamobile AG and New Line Mobile BV.

Backed by Montagu, Wireless Logic has acquired Arkessa from growth-focused private equity firm, ECI Partners, with the sale completed on Wednesday 9th December.

Based in the United Kingdom, Arkessa is a leading global IoT cellular connectivity services provider, delivering a range of services and solutions through a multi-network capability spanning across the world. Its 50-person team is made up of IoT and M2M experts specialising in the integration of multiple networks and emerging wireless technologies through a single managed service. Arkessa’s growth to date can be attributed to the delivery of flexible, reliable and simplified services that empower enterprises to develop and optimise their business operations.

Bringing a customer base of over one million subscriptions, complementary services and alternative routes to market, the acquisition of Arkessa will drive incremental business growth for the Wireless Logic group. The Arkessa team also brings eUICC solutions that strongly complement Wireless Logic’s current capabilities – further emphasising the group’s solutions for the global market.

In the coming months, the Wireless Logic and Arkessa management teams will work closely to ensure the continued delivery of high quality service for customers, while also starting to leverage the benefits of increased reach, scale and capability.

Oliver Tucker, CEO at Wireless Logic, says: “This is a landmark acquisition for Wireless Logic, putting the group in a stronger position to serve the needs of its customers as it continues to evolve. Arkessa will strengthen the group’s routes to market, bolster team expertise and boost eUICC capabilities, paving the way for further sustained business growth in the years ahead. We are looking forward to working with the talented team at Arkessa as we continue to develop solutions and services for the rapidly evolving M2M and IoT connectivity market.”

Andrew Orrock, CEO at Arkessa, says: “We are delighted to be joining the Wireless Logic Group. This exciting new chapter brings together our complementary strengths and channels to market and enables us to continue to drive growth and deliver world-class service to our customers across the globe. The partnership is a natural fit and creates a formidable force to support the ever-expanding IoT market.’”

For more information, please visit Wireless Logic’s website: https://www.wirelesslogic.com/

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KeBeK Private Equity acquires a majority stake in BBC Bouwmanagement

Kebek

Etten-Leur, December 11th, 2020 – KeBeK Private Equity has acquired a majority stake in BBC
Bouwmanagement, based in Etten-Leur (the Netherlands). Founder Walther Coppens stays on
board with a minority stake and will, together with KeBeK, support the management team in
realizing the future growth plans.

BBC Bouwmanagement is active in project management, quality management and site
monitoring for large developers and investors in the Dutch real estate market. The company
assists its clients from the preparatory phases of a building project till the final completion and
handover. BBC Bouwmanagement focuses on large projects such as office buildings, hospitals,
universities and shopping centers. Furthermore, the company is also active in the earthquake area
in Groningen, focusing on damage inspections and advice on structural reinforcement projects of
buildings. The company employs over 100 people and has offices in Etten-Leur, Groningen and
Arnhem. The turnover of the company is in excess of € 10 million.

Under the leadership of Walther and Marianne Coppens, the company has grown over the recent
years into one of the leading players in the construction management industry in the Netherlands.
Earlier this year, the shareholders have transferred their operational activities to the experienced
management team under the leadership of Ronald Zilver.

KeBeK will support the management team in its further growth plans, which include the further
expansion of the services offered and the opening of one or more additional offices.
BBC Bouwmanagement is the fourth investment of KeBeK III, which has previously acquired a
controlling interest in Asbest Partners, Dekabo, and more recently, Borek.

For more information:

KeBeK – www.kebek.be
Contact Floris Vansina: floris.vansina@kebek.be or +32 2 66 99 023
KeBeK is an independent Belgian private equity fund, that invests in solid, medium-sized
companies with a demonstrable potential for further value enhancement. KeBeK actively
supports the management teams of its portfolio companies with the implementation of a jointly
defined corporate strategy. KeBeK generally acquires controlling stakes, without, however,
interfering with the daily operations. KeBeK generally acquires controlling stakes, without,
however, interfering with the daily operations. The fund is managed by 4 partners, who have
been working together for many years and who have a proven track record in the private equity
industry. KeBeK’s capital is provided by renowned institutional investors, family offices, and
successful entrepreneurs.
For more information about BBC Bouwmanagement, please visit www.bbcbouwmanagement.nl.

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Eurazeo invests in Tink, leading open banking platform

Eurazeo

Paris, 11 December 2020 – Through Eurazeo Growth, Eurazeo invests €33 million in Tink, Europe’s leading open banking platform. This round of €85million of additional funding, led by Eurazeo Growth brings the total investment in Tink during 2020 to €175 million.

After Younited Credit, Wefox and Thought Machine, Tink is Eurazeo Growth’s fourth investment in the Fintech sector and the first in the Nordics.
Tink, a Swedish company founded in 2012, has more than 350 employees and is currently serving its clients out of 13 local offices across Europe. The company offers tools to build the future of financial services across Europe. Tink connects with more than 3,400 banks reaching over 250 million banking customers across Europe.

Through one API, Tink allows customers to access aggregated financial data, initiate payments, enrich transactions and build personal finance management tools. Tink’s technology and connectivity powers digital services for over 300 world-leading banks and fintechs, including PayPal, NatWest, ABN AMRO, BNP Paribas, Nordea and SEB. Tink’s open banking platform is also used by more than 8,000 developers.
Tink is currently live in Sweden, UK, France, Spain, Germany, Italy, Portugal, Denmark, Finland, Norway, Belgium, Austria and the Netherlands. During 2020, the company made three major acquisitions, Eurobits in Spain, Instantor in Sweden and Openwrks in the UK. These acquisitions enabled Tink to further strengthen its positioning in Spain and in the UK and to complement Tink’s product offering.

The funding will fuel Tink’s continued expansion and support the further development of its technology with a particular focus on payments. The company processes close to 1 million payment transactions per month in 5 markets, for clients including the payment fintech Lydia, used by more than 5 million customers in France. Tink aims to make its payment initiation services live in 10 markets in 2021.

Yann du Rusquec, Partner at Eurazeo Growth, states:

The open banking movement continues to pick up pace, with 2021 showing every sign that it will bring increased collaboration between fintechs and large enterprises, who want to take digitally enabled services to their customers with a tried and trusted partner. Since its inception eight years ago, Tink has proven itself to be the leading open banking platform in Europe, and our investment underlines the confidence we and the industry have in Tink and open banking. We look forward to supporting them on their continued journey.”

Daniel Kjellén, co-founder and CEO of Tink, comments:

“2020 has seen payments powered by open banking take-off, and in 2021 we expect to see this scale – most prominently in the UK, followed by Europe. This funding extension and the partnership with Eurazeo Growth, Dawn Capital and our existing investors will further facilitate the development of our payment initiation services across Europe, while continuing to deliver new data-products built on open banking technology to our customers.”

About Eurazeo
• Eurazeo is a leading global investment company, with a diversified portfolio of €18.8 billion in assets under management, including €13.3 billion from third parties, invested in over 430 companies. With its considerable private equity, real estate and private debt expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its nearly 300 professionals and by offering in-depth sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term.

• Eurazeo has offices in Paris, New York, Sao Paulo, Seoul, Shanghai, Singapore, London, Luxembourg, Frankfurt, Berlin and Madrid.
• Eurazeo is listed on Euronext Paris.
• ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

The open banking movement continues to pick up pace, with 2021 showing every sign that it will bring increased collaboration between fintechs and large enterprises, who want to take digitally enabled services to their customers with a tried and trusted partner. Since its inception eight years ago, Tink has proven itself to be the leading open banking platform in Europe, and our investment underlines the confidence we and the industry have in Tink and open banking. We look forward to supporting them on their continued journey.”
“2020 has seen payments powered by open banking take-off, and in 2021 we expect to see this scale – most prominently in the UK, followed by Europe. This funding extension and the partnership with Eurazeo Growth, Dawn Capital and our existing investors will further facilitate the development of our payment initiation services across Europe, while continuing to deliver new data-products built on open banking technology to our customers.”

EURAZEO CONTACTS
PRESS CONTACT
PIERRE BERNARDIN
HEAD OF INVESTOR RELATIONS
email: pbernardin@eurazeo.com
Tel: +33 (0)1 44 15 16 76

VIRGINIE CHRISTNACHT
HEAD OF COMMUNICATIONS
mail: vchristnacht@eurazeo.com
Tel: +33 (0)1 44 15 76 44

MAITLAND/amo
DAVID STURKEN
mail: dsturken@maitland.co.uk
Tel: +4444 (0)(0) 7990 5957990 595 913913

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