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N2 Biomedical Appoints Eric Tobin To Chief Executive Officer

BEDFORD, Mass., Dec. 2, 2020 /PRNewswire/ — N2 Biomedical, a leading provider of coating and surface treatment solutions to the medical device industry, today announced that its Board of Directors has appointed Eric Tobin to President and Chief Executive Officer. With more than 30 years of experience with the company, Mr. Tobin most recently served as the company’s Chief Operating Officer. In addition to his current responsibilities, he will assume the leadership of all commercial aspects of the organization, as well as overseeing the overall implementation of the corporate growth strategy.

Mr. Tobin has served in numerous senior leadership positions at N2 Biomedical and the company’s previous corporate parent over the last three decades. He has served as Vice President and Chief Operating Officer for the company since September 2013. Prior to N2 Biomedical’s formation, Mr. Tobin joined Spire Biomedical in 1989 and served as Vice President and Chief Operating Officer from 2001-2013, where he was responsible for simultaneously managing the operations of Spire’s surface treatment business and dialysis catheter business unit. Mr. Tobin holds B.S. and M.S. degrees in Applied Physics from the University of Massachusetts at Lowell.

“We are very pleased to have Eric assume the role of Chief Executive Officer at N2,” said Trevor Wahlbrink, a Partner at Ampersand Capital Partners and member of the Board of Directors. “His years of direct experience within the organization and broad skill set uniquely position him to effectively lead the company through its next stage of growth. Under Eric’s leadership, we are confident that N2 will continue to further penetrate the medical device surface treatment and coatings industry with its unique technologies.”

Mr. Tobin commented, “I am truly honored that the Board has selected me to assume the CEO position and am excited about the prospects for the company’s future. We have a dedicated and talented staff, a great foundation of core technologies, and a solid customer base. I look forward to working with the Board and Ampersand to continue providing our customers with the high level of service that they’ve come to expect from us while also building upon our numerous strengths as a company and capitalizing on growth opportunities.”

About N2 Biomedical

Established in 2013, N2 provides coating and surface treatment development and application services for implantable and other medical devices utilized in orthopedic, cardiovascular, and other healthcare end-markets. N2 is ISO-13485 certified, FDA GMP-compliant, and operates in a 30,000 square foot facility with laboratory, manufacturing, and cleanroom space to service all customer and regulatory requirements. The company leverages its proprietary processes and equipment to provide customized solutions that enhance the characteristics of various materials in critical applications, including lubricity, infection resistance, biocompatibility and tissue integration, and wear and corrosion resistance. Additional information about N2 Biomedical is available at www.N2bio.com. 

About Ampersand Capital Partners

Founded in 1988, Ampersand is a middle market private equity firm with more than $2 billion of assets under management dedicated to growth-oriented investments in the healthcare sector. With offices in Boston and Amsterdam, Ampersand leverages its unique blend of private equity and operating experience to build value and drive superior long-term performance alongside its portfolio company management teams. Ampersand has helped build numerous market-leading companies across each of the firm’s core healthcare sectors. Additional information about Ampersand is available at ampersandcapital.com. 

Categories: People

PDFTron Acquires PDF Editing and Translation Innovator Iceni Technology

Acquisition Adds EMEA Footprint and 11,000 Global Customers, Deepens PDF Editing and Translation Product Offering

Market-leading provider of document technology solutions for software developers, PDFTron Systems Inc., today announces the acquisition of Norwich, UK-based Iceni Technology Ltd., specialists in PDF editing and translation software and producers of a series of firsts in the field of PDF manipulation.

PDFTron Founder and CTO Ivan Nincic stated, “At PDFTron, we partner with innovative companies that are leaders in their fields and offer superior value propositions to their customers. With Iceni, we’re excited to bring on an incredible team with over 15 years of developer experience innovating PDF editing and automated PDF translation. Both companies stand to benefit from each other’s strengths as we combine our offerings to power the next generation of document processing applications.”

“With PDFTron’s scale and broad platform, we can now provide our 11,000 customers worldwide greater value in terms of access to hundreds of unique PDFTron SDK features, top-quality rendering performance, and market-leading support service and responsiveness,” stated Iceni Co-Founder and Director Simon Crowfoot. “We also see synergies in the document understanding field, where our advanced PDF editing and translation features naturally augment PDFTron’s content extraction, document reflow, form and invoice recognition, and next-gen search capabilities using Deep Learning and AI.”

The Iceni acquisition marks PDFTron’s entry into the European market and builds on recent acquisitions of North American enterprise document software providers ActivePDF and BCL Technologies earlier this year. PDFTron continues to be engaged in a global search for best-in-class technology to add to its growing, end-to-end document SDK platform, including the #1-ranked commercial PDF SDK.

With PDFTron’s planned integration of the trailblazing Iceni Infix PDF Editor and its Infix TransPDF functionality, PDFTron customers can now look forward to giving their users a deep Word processor-style editing experience on PDFs and accurate, push-button translations of PDFs in 60+ languages across all platforms.

About Iceni Technology Ltd.

Formed in 1996 with a background in pre-press, newspapers and PostScript, today, Iceni Technology is an established software development company based in the city of Norwich in the UK. Iceni continues to innovate in translation and web-based PDF interaction, having previously produced a series of firsts in the field of PDF manipulation. Its products on desktop, server and web hosts, including the Infix PDF editor, are translated into most European languages for its over 11,000 professional, corporate, educator, and estate agent customers in 39 different countries. For more information, visit www.iceni.com.

About PDFTron Systems Inc.

Headquartered in Vancouver, BC, PDFTron is a premier global provider of high-performance document processing technology serving customers across a broad spectrum of industries. PDFTron’s market-leading SDK drives digital transformation and powers next generation software applications with dynamic document viewing, annotation, processing, and conversion capabilities, as well as advanced features such as document understanding, data extraction, and redaction. PDFTron technology supports all major platforms and dozens of unique file types, including support for PDF, MS Office, and CAD formats. For more information, visit www.pdftron.com.

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Novacap Acquires Logibec

Novacap

Montreal, December 2, 2020 – Novacap, one of Canada’s leading private equity firms, in partnership with Investissement Québec, today announced that it has acquired Logibec, a Montreal-based healthcare software company. The transaction brings back Logibec to Canadian ownership.

 

« We are grateful for the enthusiastic support of Novacap and its partners in this transaction, which not only brings our company back to Canadian ownership, but also positions us for expansion outside of North America. Our most recent breakthrough in foreign markets confirms that Logibec has invested in the right growth areas such as data management solutions. The Novacap team understands our Canadian heritage and is well positioned to support us in the next phase of our development. »

Marc BrunetCEO, Logibec

« Novacap has always been committed to fostering entrepreneurship and innovation right here in Quebec, and Logibec has epitomized that since inception. Novacap has a long history of successfully partnering with Canadian companies and helping them grow significantly. We are very excited to lead this investment alongside Investissement Québec and management in Logibec, a flagship provider of IT and software solutions to the Canadian healthcare ecosystem and support the company in its international expansion »

Pascal TremblayPresident, CEO and Managing Partner, Novacap

Founded in 1982, Logibec is one of Canada’s largest healthcare technology companies and is entirely dedicated to contributing to the better delivery of patient care and to assisting healthcare managers in their day to day operations through technology.

“We are grateful for the enthusiastic support of Novacap and its partners in this transaction, which not only brings our company back to Canadian ownership, but also positions us for expansion outside of North America,” said Marc Brunet, CEO, Logibec.

“Our most recent breakthrough in foreign markets confirms that Logibec has invested in the right growth areas such as data management solutions. The Novacap team understands our Canadian heritage and is well positioned to support us in the next phase of our development.”

“Novacap has always been committed to fostering entrepreneurship and innovation right here in Quebec, and Logibec has epitomized that since inception,” said Pascal Tremblay, President, CEO and Managing Partner, Novacap. “Novacap has a long history of successfully partnering with Canadian companies and helping them grow significantly. We are very excited to lead this investment alongside Investissement Québec and management in Logibec, a flagship provider of IT and software solutions to the Canadian healthcare ecosystem and support the company in its international expansion.”

“Logibec has a long history of working in collaboration with private equity sponsors, and as their new partners, we are thrilled to support management’s growth initiatives and to contribute improving healthcare by bringing innovative solutions to the market,” said Eric Desrosiers, Senior Partner, Novacap. “Our investor group is committed to providing Logibec all the resources it needs to develop new solutions and expand its footprint in new geographies.”

“The investment that our government is making in Logibec is strategic for Québec’s position in this highly competitive sector. It will enable the company to remain among the leaders in information systems for the health and social services sector. The company will thus be able to focus on developing solutions essential to the quality of care offered to patients, particularly in hospitals,” said Pierre Fitzgibbon, Minister of the Economy and Innovation.

“We’re proud to be involved in this major investment, which is helping to bring Logibec’s ownership back to Québec and consolidate the vitality of our healthcare IT ecosystem. For more than four decades, the company has applied its expertise in our healthcare institutions, standing out because of its leading-edge technologies. Alongside solid financial partners like Novacap, Investissement Québec plans to continue supporting the players and key sectors of our economy in order to spotlight our know-how and grow our investments and exports,” said Guy LeBlanc, President and CEO of Investissement Québec.

Fasken Martineau Dumoulin LLP, Ernst Young LLP, Tectonic Advisory Services Inc., Crosslake Technologies, LLC and National Bank Financial Inc. acted as advisors to Novacap.

Logibec was formerly a portfolio company of GI Partners.

 

About Novacap

Founded in 1981, Novacap is a leading Canadian private equity firm with CA$3.6 billion of assets under management. Its distinct investment approach, based on deep operational expertise and an active partnership with entrepreneurs, has helped accelerate growth and create long-term value for its numerous portfolio companies. With an experienced management team and substantial financial resources, Novacap is well positioned to continue building world-class businesses. Backed by leading global institutional investors, Novacap’s deals typically include leveraged buyouts, management buyouts, add-on acquisitions, IPOs, and privatizations. Over the last 39 years, Novacap has invested in more than 90 companies and completed more than 140 add-on acquisitions. Novacap has offices in Brossard, Quebec and Toronto, Ontario. For more information, please visit www.novacap.ca.

About Logibec

Headquartered in Montreal, Canada for nearly 40 years, Logibec deploys information systems that span the clinical, operational, and business needs of complex healthcare organizations. Logibec’s clients are also empowered to improve and innovate by utilizing our industry-leading suite of actionable analytics solutions and advisory services.

For more information, visit www.logibec.com.

About Investissement Québec

Investissement Québec’s mission is to play an active role in Québec’s economic development by spurring business innovation, entrepreneurship and business acquisitions, as well as growth in investment and exports. Operating in all the province’s administrative regions, the Corporation supports the creation and growth of businesses of all sizes with investments and customized financial solutions. It also assists businesses by providing consulting services and other support measures, including technological assistance available from Investissement Québec – CRIQ. In addition, through Investissement Québec International, the Corporation also prospects for talent and foreign investment and assists businesses with export activities.

 

For further information: Novacap: Alexandra Troubetzkoy, NOVACAP, +1 450-651-5000 ext.291, atroubetzkoy@novacap.ca

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Speechmatics wins the Scale-up Award at Barclays’ High Growth and Entrepreneurs National Awards

IQ Capital

Speecmatics, based at Cambridge Science Park, has won the Scale-up Award at the Barclays’ annual High Growth and Entrepreneur National Awards ceremony.

The awards were announced by actor, television presenter and radio DJ, Reggie Yates, during a live stream virtual event last week.

A key note speech was given by businesswoman, entrepreneur and TV Dragon, Deborah Meaden.

Speechmatics powers applications that require mission-critical, accurate speech recognition through its any-context speech recognition engine. Speechmatics’ speech recognition technology is used by enterprises in scenarios such as contact centers, legal, compliance, eDiscovery, security, media & entertainment and software. Speechmatics processes millions of hours of transcription worldwide every month in 30+ languages.

Having pioneered machine learning voice engineering, Speechmatics is enabling companies to build applications that detect and transcribe voice in any context and in real-time. Its neural networks consider acoustics, languages, dialects, multiple speakers, punctuation, capitalization, context and implicit meanings.

Katy Wigdahl, CEO, Speechmatics (pictured) said: “It has been a phenomenally challenging year for businesses across the world. Winning the scale-up of the year award for consistent and rapid growth means even more to our business in testing times. We have focused on building an innovative, automated technology that is vital to the growth and scale of many use cases and markets which has become even more critical during the pandemic.”

Juliet Rogan, National Head of High Growth at Barclays, said: “The awards are a celebration of the exceptional innovation and leadership entrepreneurs show, disproportionately driving job growth, attracting investment, and creating innovative products and services. In what has been a difficult time for businesses due to the coronavirus outbreak it is even more important than ever we celebrate and recognise their achievements. Entrepreneurs are fundamental to the UK’s economic competitive advantage, that shape our todays as well as tomorrows.”

A national judging panel made up of key industry leaders and influencers selected the overall national winners.

The awards bring the full entrepreneurial community together. This year, for the first time, Barclaycard joined the event alongside Barclays Rise and Eagle Labs as partners of the Awards. This group wide initiative started five years ago and forms an integral part of its support for entrepreneurship across the bank.

Originally published here.

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Gryphon’s Smile Brands Completes Acquisition Of Midwest Dental

Gryphon Investors

Irvine, CA – December 2, 2020 —

 

Smile Brands Inc. announced today that it completed the acquisition of Midwest Dental, a Dental Services Organization (“DSO”) with over 230 offices located primarily in the upper Midwest and New England regions. Smile Brands is a portfolio company of Gryphon Investors (“Gryphon”), a leading middle-market private equity firm based in San Francisco, CA. Terms of the transaction were not disclosed.

The combined company is one of the largest DSOs in the country, representing 650 offices and over 8,000 employees, including 2,200 dentists and hygienists operating in 30 states.

Steve Bilt, CEO of Smile Brands, said, “Our combination with Midwest Dental is a game changer for Smile Brands, and highly impactful to our industry, increasing Smile Brands’ scale and footprint by over 50% while furthering our mission of delivering ‘Smiles for Everyone.’ Midwest Dental is a top-10 DSO nationwide and a long-standing market leader. We believe the combined company will continue to deliver best-in-class support to dental practices, and thereby patient care to individuals and families nationwide, and be ideally positioned for future growth.”

Midwest Dental, founded in 1968 and based in Mondovi, WI, provides general dentistry, hygiene, and specialty dental services through a network of over 230 offices. With a staff of 2,300, Midwest Dental operates in 17 states through four brands: Midwest Dental, Mondovi Dental, Merit Dental, and Mountain Dental. Smile Brands will retain Midwest Dental’s brand identity and strong company culture, and Smile Brands’ management is very excited to work with the talented leadership team at Midwest Dental to deliver best in class support to the Midwest Dental and Smile Brands clinical teams. The combined company will continue to provide full-service administrative support to the company’s affiliated dental practices, including recruiting, purchasing, payroll, accounting, IT, billing, facilities management, and marketing.

Dr. Robert Crim, Smile Brands’ Chief Dental Officer, added, “It has certainly been a challenging year globally. The early stages of the COVID-19 pandemic dramatically impacted dental practices nationwide, including both Smile Brands and Midwest Dental. Both companies have instituted exceptional safety measures, which allowed Smile Brands and Midwest Dental to re-open rapidly following the initial stages of the pandemic and provide needed care to patients with acute dental needs. Dentistry is now correctly viewed as an essential service and vital component of the healthcare services landscape for American families, and we expect the industry to experience continued strong fundamentals and steady volumes.”

Luke Schroeder, Gryphon Deal Partner and Co-Head of Gryphon’s Healthcare Group, said, “The transaction is highly strategic for Smile Brands, which has a successful 20-year track record of growth through M&A. We believe that the pace of consolidation in the dental industry will quicken as a result of the pandemic, and Smile Brands is ideally positioned to support an increasing number of high-quality dental providers based on its unique history of successfully completing large corporate combinations.”

Kirkland & Ellis provided legal advice to Gryphon and Smile Brands. Harris Williams provided financial advice and Willkie Farr & Gallagher provided legal advice to Midwest Dental.

About Midwest Dental
Founded in 1968 and based in Mondovi, WI, Midwest Dental (www.midwest-dental.com) is a top-10 nationwide DSO with over 230 dental practices under 4 regional brands across 17 states. The company is focused on providing general dentistry, hygiene, and specialty dental services through four brands: Midwest Dental, Mondovi Dental, Merit Dental, and Mountain Dental.

About Smile Brands
Based in Irvine California, Smile Brands Inc. is one of the largest providers of support services to dental groups in the United States. Smile Brands provides comprehensive business support services through exclusive long-term agreements with affiliate dental groups, so dentists can spend more time caring for their patients and less time on the administrative, marketing, and financial aspects of operating a dental practice. The organization was founded in 1998 by a management team that included co-founder and CEO Steve Bilt and CFO Brad Schmidt and supports approximately 420 affiliated practices, with more than 700 dentists across 18 states. For more information, visit www.smilebrands.com.

About Gryphon Investors
Based in San Francisco, Gryphon Investors is a leading private equity firm focused on growing and enhancing mid-market companies in partnership with management. The firm has managed over $5 billion of equity investments and capital since 1997. Gryphon targets making equity investments of $50 million to $300 million in portfolio companies with sales ranging from approximately $100 million to $600 million. Gryphon prioritizes investment opportunities where it can form strong partnerships with owners and executives to build leading companies, utilizing Gryphon’s capital, specialized professional resources, and operational expertise. For more information, visit www.gryphoninvestors.com.

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Bizzabo Raises $138 Million to Power the Hybrid Future of Professional Events

Insight Partners

Investment led by Insight Partners will help the company meet global demand amid COVID-19 & beyond

NEW YORK, Dec. 02, 2020 (GLOBE NEWSWIRE) —  Bizzabo, the world’s leading Event Success Platform, today announced it has raised $138 million in Series E funding. The investment is led by Insight Partners, with participation from previous investors, Viola Growth, Next47, and OurCrowd. Bizzabo will use the investment to meet surging demand for its platform globally and expand its category-leading capabilities as COVID-19 reshapes the future of the professional events industry. With the round, Bizzabo sets a new precedent for the largest private investment in an event technology platform.Without in-person events, organizations have turned to virtual conferences and trade shows to connect with customers and grow their business. With that, virtual events have enabled organizers to safely reach a wide audience, ensure event ROI, and deliver valuable data points to shape future strategies. Given the benefits, even with a COVID-19 vaccine imminent, virtual events aren’t going away anytime soon. Looking forward, events that combine in-person experiences with digital components will become the new normal.“The future of professional events isn’t virtual-only,” said Eran Ben-Shushan, CEO & Co-Founder of Bizzabo. “Our data shows very clearly that while virtual events have major benefits, attendees and businesses want to get back to live events. To stay relevant, marketers and event organizers will need to implement a hybrid strategy that blends together the best parts of virtual and in-person experiences.”Bizzabo’s event success platform empowers organizations to manage, measure, and grow professional events across the globe and in any format — virtual, in-person, or hybrid.“COVID-19 has permanently transformed the professional events category,” said Matt Gatto, a Managing Director at Insight Partners, who will join the Bizzabo board of directors. “Bizzabo’s impressive growth and momentum began pre-pandemic and accelerated during it as they launched the industry’s first end-to-end event technology solution. Their pedigree in both in-person and virtual events and their impressive execution capabilities have them well-positioned to lead this rapidly evolving space. We are excited to partner with their leadership team and to support them in this new phase of growth.”

In the past year, Bizzabo has seen revenue explode over 100 percent. This is powered by a substantial shift upmarket in 2020, with a significant portion of its customer base coming from the enterprise segment. Bizzabo has powered events for the world’s leading Fortune 100 in eCommerce, technology, education and media. Bizzabo’s Event Success Platform is used to support hybrid, virtual, and in-person professional events for enterprise and mid-market organizations across industries and verticals.

“Our platform has seen unprecedented demand this year,” said Ben-Shushan. “Compared to the year prior, the number of events organized through us has grown 65 percent. Additionally, the number of attendees registering for events with Bizzabo has grown 500 percent, while overall usage is up 150x. With a vaccine likely and more hybrid events in the future, we anticipate even greater growth. Bizzabo has been the category leader, experiencing hyper-growth both pre-pandemic and during the virtual transition, we are excited to continue to lead the market forward by doubling down on product, technology, and user experience, to help organizations unlock the power of hybrid experiences.”

To meet global demand for its platform, Bizzabo will use its investment to build a comprehensive technology that successfully integrates the experiences of virtual and in-person — for both organizers and attendees. The company will also expand its go-to-market operations and triple its engineering, product, and experience teams with the opening of two new offices in Europe in the first half of 2021. In addition, Bizzabo is looking to hire over a hundred new employees, globally, in 2021.

“This investment, led by ScaleUp software investor Insight Partners, is a testament to how Bizzabo is leading the charge in the future of event technology,” added Ben-Shushan. “Events have changed overnight and event technology needs to move as quickly.”

About Bizzabo

Bizzabo is the only Event Success Platform. Bizzabo’s all-in-one event software enables in-person, virtual, and hybrid events to deliver unique attendee experiences through intelligent and intent-based personalized engagement. We help companies measure, manage and scale events towards key business outcomes, empowering every organizer, marketer, exhibitor, and attendee to unleash the power of professional events. The company was founded by Boaz Katz, Alon Alroy, and Eran Ben-Shushan, and has more than 175 employees in its New York, Tel-Aviv and Kyiv offices. For more information on Bizzabo, visit www.bizzabo.com or follow us on Twitter @bizzabo

About Insight Partners

Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Across its people and its portfolio, Insight encourages a culture around a belief that ScaleUp companies and growth create opportunity for all. For more information on Insight and all its investments, visit insightpartners.com or follow us on Twitter @insightpartners.

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Shop-Ware Announces $15 Million in Series A Funding Led by Insight Partners

Insight Partners

SAN FRANCISCO, Dec. 2, 2020 /PRNewswire/ — Shop-Ware, the automotive aftermarket’s premier cloud-based shop management software for independent repair shops, announced today that it has secured $15M in series A funding, led by Insight Partners, a leading global venture capital and private equity firm. The investment will support Shop-Ware’s continued growth, accelerate its innovation, and allow for a more aggressive go-to-market.

Carolyn Coquillette founded Shop-Ware out of her own repair shop in San Francisco to provide the transparency and sophistication that customers needed and that other systems lacked.

Shop-Ware handles everything for the next generation of auto repair, from digital customer communication to paperless shop operations, with an expansive product offering designed to reduce or remove the human effort needed to run the business. Repair shops experience 20% efficiency gains, higher gross profit, and a 12% increase in sales than over the phone. Their customers consistently boast increased satisfaction, mentioning the software in online reviews.

“Repair shops have to adapt quickly to the increased complexity of the cars they service. Shop-Ware brings automated, customized solutions to allow shops to thrive in business and inspire their customers,” said Shop-Ware founder and CEO Carolyn Coquillette. “Our team is proud to serve the community of hard-working, intelligent professionals that make auto repair possible, and Insight Partners shares our passion for delivering best-in-class products and services that this industry needs to transform.”

“With Shop-Ware, repair shop owners and technicians can maximize operational efficiencies and customer interaction using the company’s cloud-based management solution,” said Nikhil Sachdev, Managing Director at Insight Partners, who is joining Shop-Ware’s Board of Directors. “We are excited to partner with Shop-Ware to further scale their best-in-class product and capitalize on this growing market opportunity.”

The investment will be used to expand Shop-Ware’s engineering, support, and sales teams, to ramp the number of repair shops adopting the platform and speeding their onboarding period.

About Shop-Ware

Founded in 2013, Shop-Ware delivers professional-grade innovation to independent automotive service providers. As the industry’s premier enterprise-grade SaaS platform for shop management, Shop-Ware is committed to developing sophisticated tools to help the automotive aftermarket thrive and grow. Industry-first features include fully digital, cloud-based repair orders with native vehicle inspections, rich media, and customer live chat; real-time shop workflow and “expeditor” dispatch; native parts allocation and tracking for each job in progress; parts gross-profit “optimizer” that automatically seeks and attains a parts GP target; advanced analytics across unlimited repair facilities, and much more. For more information on Shop-Ware, visit www.shop-ware.com.

About Insight Partners

Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Across its people and its portfolio, Insight encourages a culture around a belief that ScaleUp companies and growth create opportunity for all. For more information on Insight and all its investments, visit www.insightpartners.com or follow us on Twitter @insightpartners.

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AURELIUS Equity Opportunities completely repays its 2015/20 convertible bond

Aurelius Capital

Munich, December 2, 2020 – AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) completely repaid its 2015/20 convertible bond (ISIN: DE000A168544) maturing on December 1, 2020 to the bond creditors. The repayment amounted to 100 percent of the aggregate principal amount plus interest for the past 12 months.

The aggregate principal amount of the AURELIUS convertible bond was originally EUR 166.3 million; this amount was reduced to EUR 103.1 million in July 2018 as a result of conversions.

“We are seeing a lot of interesting acquisition candidates right now. After the repayment of the convertible bond we are and remain very well equipped and funded to pursue opportunities we currently see in the market,” said Matthias Täubl, CEO of AURELIUS Equity Opportunities. “As a general rule we keep all financing options under consideration.”

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Gimv sells Itho Daalderop-Climate for Life – Dutch market leader in integrated sustainable solutions for energy-neutral living in the Benelux – to Parcom

GIMV

Press Release – Antwerp, 02 December 2020
Gimv sells Itho Daalderop-Climate for Life – Dutch market leader in integrated sustainable solutions for energy-neutral living in the Benelux – to Parcom

Topic: Divestment

Producer Itho Daalderop and service provider Klimaatgarant today announce an important step in their development. Gimv will sell its majority stake in Climate for Life Holding, the merger partner above the above-mentioned parties, to Parcom.
Itho Daalderop/Klimaatgarant enters a new phase after a strong growth path, including a doubling of turnover since Gimv’s entry. Bas Korte remains on board as group CEO.

In the construction sector, growing climate awareness is reflected in stricter energy performance standards (EPC) for new buildings and sustainable renovations, while comfortable, healthy and carefree living is an increasingly important theme. Itho Daalderop-Climate for Life responds to the growth potential of this market with integrated solutions for energy-neutral living, both for the renovation and new-build markets.

Itho Daalderop-Climate for Life (cflholding.com) is the result of a merger between Itho Daalderop (www.ithodaalderop.nl) and Klimaatgarant (www.klimaatgarant.nl ), facilitated by Gimv. In 2016 Gimv acquired a majority stake in the new merger group, alongside the management. With sustainable and innovative heating, mains water, ventilation and control technology, Itho Daalderop has everything for providing comfortable, healthy and energy-efficient indoor climates for everyone. Klimaatgarant develops and implements energy-neutral housing projects for municipalities, project developers and housing corporations. With this tandem, production and services, both with a strong focus on sustainability, go hand in hand.

In recent years, Itho Daalderop-CFL has grown into a major player in the Benelux in the field of HVAC products for the residential market. Today, the group enjoys a leading position in the Dutch new-build market and is an unrivalled pioneer in ground source heat pumps. All this has been made possible by substantial investments in resources, innovation and personnel in persistent pursuit of solutions for energy-neutral living.

Itho Daalderop-CFL has achieved impressive growth. Since Gimv’s entry, it has doubled its turnover and sharply increased its profitability. Today it employs around 450 people in the Netherlands (Tiel & Schiedam) and Belgium (Brussels).

Bas Korte, CEO of Itho Daalderop-Climate for Life, explains: “In 2015, after years of intensive cooperation between Klimaatgarant and Itho Daalderop, we saw opportunities to accelerate the transition towards sustainability. To this end, we drew up a Top 10 priority plan that included a solid investment agenda. We foresaw that growth would largely come from offering integrated systems and concepts with far-reaching direction and taking responsibility. Very different from traditional product manufacturers. At Gimv we immediately found understanding, faith and enthusiasm for this plan. The growth and change we have experienced in recent years is difficult to imagine without Gimv’s constant presence as an enthusiastic supporter, reliable sponsor and source of management expertise. This has certainly helped the management in realising the plans.”

Rombout Poos, Partner in the Gimv Sustainable Cities platform, on this growth story: “Gimv is proud to have been able to help power CFL’s rapid expansion in recent years through investments in people, assets, innovation and the development of integrated, sustainable HVAC solutions for residential properties. CFL’s management team has delivered a fantastic performance and the company will continue to grow on the basis of the ongoing home sustainability trend.”

The transaction is subject to the usual terms and conditions, including approval by the competition authorities. This transaction, which represents the exit of the largest shareholding on Gimv’s balance sheet, has a positive impact of about 20 million euro on Gimv’s net asset value as per 30 September 2020. No further financial details will be disclosed.

Read the full press release:

English – French – Dutch

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N2 Biomedical Appoints Eric Tobin To Chief Executive Officer

BEDFORD, Mass., Dec. 2, 2020 /PRNewswire/ — N2 Biomedical, a leading provider of coating and surface treatment solutions to the medical device industry, today announced that its Board of Directors has appointed Eric Tobin to President and Chief Executive Officer. With more than 30 years of experience with the company, Mr. Tobin most recently served as the company’s Chief Operating Officer. In addition to his current responsibilities, he will assume the leadership of all commercial aspects of the organization, as well as overseeing the overall implementation of the corporate growth strategy.

Mr. Tobin has served in numerous senior leadership positions at N2 Biomedical and the company’s previous corporate parent over the last three decades. He has served as Vice President and Chief Operating Officer for the company since September 2013. Prior to N2 Biomedical’s formation, Mr. Tobin joined Spire Biomedical in 1989 and served as Vice President and Chief Operating Officer from 2001-2013, where he was responsible for simultaneously managing the operations of Spire’s surface treatment business and dialysis catheter business unit. Mr. Tobin holds B.S. and M.S. degrees in Applied Physics from the University of Massachusetts at Lowell.

“We are very pleased to have Eric assume the role of Chief Executive Officer at N2,” said Trevor Wahlbrink, a Partner at Ampersand Capital Partners and member of the Board of Directors. “His years of direct experience within the organization and broad skill set uniquely position him to effectively lead the company through its next stage of growth. Under Eric’s leadership, we are confident that N2 will continue to further penetrate the medical device surface treatment and coatings industry with its unique technologies.”

Mr. Tobin commented, “I am truly honored that the Board has selected me to assume the CEO position and am excited about the prospects for the company’s future. We have a dedicated and talented staff, a great foundation of core technologies, and a solid customer base. I look forward to working with the Board and Ampersand to continue providing our customers with the high level of service that they’ve come to expect from us while also building upon our numerous strengths as a company and capitalizing on growth opportunities.”

About N2 Biomedical

Established in 2013, N2 provides coating and surface treatment development and application services for implantable and other medical devices utilized in orthopedic, cardiovascular, and other healthcare end-markets. N2 is ISO-13485 certified, FDA GMP-compliant, and operates in a 30,000 square foot facility with laboratory, manufacturing, and cleanroom space to service all customer and regulatory requirements. The company leverages its proprietary processes and equipment to provide customized solutions that enhance the characteristics of various materials in critical applications, including lubricity, infection resistance, biocompatibility and tissue integration, and wear and corrosion resistance. Additional information about N2 Biomedical is available at www.N2bio.com.

About Ampersand Capital Partners

Founded in 1988, Ampersand is a middle market private equity firm with more than $2 billion of assets under management dedicated to growth-oriented investments in the healthcare sector. With offices in Boston and Amsterdam, Ampersand leverages its unique blend of private equity and operating experience to build value and drive superior long-term performance alongside its portfolio company management teams. Ampersand has helped build numerous market-leading companies across each of the firm’s core healthcare sectors. Additional information about Ampersand is available at ampersandcapital.com.

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