Archives

Orion Advisor Solutions and Brinker Capital Complete Merger, Leapfrogging Competitors With 10,000-plus Active Advisors on Combined TAMP

TA associates

Support from financial partners Genstar and TA Associates fuels the creation of a fully integrated, tech-enabled advisor-client journey

OMAHA, Neb. & BERWYN, Pa.–(BUSINESS WIRE)–Today, Orion Advisor Solutions (Orion) and Brinker Capital announce the closing of their merger, unifying the industry’s foremost technology provider for fiduciary advisors with the largest privately held turnkey asset management platform (TAMP).

What’s next for Orion and @BrinkerCapital? You won’t have to wait long to see how our combined strengths help advisors drive growth through client satisfaction

Tweet this

Orion, architect of the tech-enabled fiduciary process that empowers the advisor-client journey by enabling advisors to Prospect, Plan, Invest, and Achieve within a single, connected experience; and Brinker Capital, a highly respected investment management company serving the needs of advisors at insurance and independent broker-dealers; now form an industry-leading organization based on both companies’ long-standing reputations of innovation and industry disruption.

The union of Orion and Brinker Capital, first announced in June, will massively extend the scale and capabilities of the combined firm. The newly unified TAMP will grow to $44 billion in assets, providing more than 10,000 active investment advisor representatives with access to investment strategies from seasoned, in-house portfolio managers, as well as vetted third party strategist partners. With Orion’s technology currently supporting 2,100 firms representing $1.3 trillion in assets under administration, the number of accounts serviced by the newly combined firm will exceed 3.9 million across tech and TAMP.

Orion’s Eric Clarke will lead as CEO of the combined business while Noreen D. Beaman will become the president of Brinker Capital Investments, fusing Brinker Capital’s in-house investment management resources with those of CLS Investments. Chuck Widger, executive chairman and founder of Brinker Capital, will remain an investor and strategic advisor for the combined business.

“With the merger of Orion and Brinker Capital, we are able to capture the momentum created by the increasing connectivity of technology and fiduciary advice, and channel it into the pursuit of a transformative advisor-client journey,” said Clarke and Beaman in a joint statement. “As our companies continue to grow together, our complementary strengths will drive the entire fiduciary process with planning tools, guided or open-architecture investment solutions, and behavioral insights; powering organic advisor growth through client satisfaction.”

Cultural compatibility and the alignment of vision between Orion and Brinker Capital have allowed the companies to complete their merger with speed and ease rarely seen in the financial services industry. Advisors will begin to see the results of this collaboration within weeks, not months. Starting in October, Brinker Capital’s series of dynamic multi-asset risk-based portfolios will be made available through Orion Portfolio Solutions, Orion’s open architecture investment management platform, and through the Orion Communities model marketplace.

Brinker Capital’s Wealth Advisory high-net-worth offering will be made available to Orion advisors in early 2021. Around the same time, Brinker Capital’s clients will gain access to Orion’s technology, helping them foster stronger advisor-client relationships with integrated tools like Market*r, Orion’s automated prospecting and marketing campaign builder; Orion Planning, which guides the creation of engaging and immediately actionable financial plans; and new proposal generation technology that ties investment proposals directly to investors’ specific needs and incorporates behavioral investing tendencies to keep advisors apprised of potential investor reactions to market events.

“The culmination of the deal between Orion and Brinker Capital speaks to the strength and longevity of both companies,” said Tony Salewski, managing director of Genstar Capital, a San Francisco-based private equity firm that has invested in the combined business alongside TA Associates, Orion’s existing private equity partner.

“It has been gratifying to play a part in the closing of this merger,” Salewski said. “It takes resilience and adaptability for financial services firms to thrive against the headwinds of a global pandemic and market uncertainty. Orion and Brinker Capital stand out in terms of their aligned vision, and have wasted no time magnifying their shared strengths. We look forward to seeing their next steps together as a unified force in the marketplace.”

Roy Burns, managing director of TA Associates and a member of Orion’s board of directors, said the merger will continue to propel Orion beyond its roots as a provider of portfolio management technology for RIAs. “Orion has a strong history of strategic growth through powerful partnerships. Combining their legacy of agility and forward-thinking innovation with Brinker Capital’s deep investment management capabilities creates a company in a category of its own. We are thrilled to be part of what we believe will be an unstoppable trajectory to much greater success.”

To learn more about the new capabilities and resources available to advisor clients of Orion and Brinker Capital, visit our website.

About Orion Advisor Solutions

Orion Advisor Solutions is the premier provider of the tech-enabled fiduciary process that transforms the advisor-client relationship by enabling financial advisors to Prospect, Plan, Invest, and Achieve within a single, connected, technology-driven experience. Combined, our brand entities, Orion Advisor Tech, Orion Portfolio Solutions, and CLS Investments, create a complete yet modular offering that empowers firms to seamlessly attract new clients; connect goals more meaningfully to investment strategies and outcomes; and ultimately track progress toward each investor’s unique definition of financial success. As a result, Orion supports more than 2,100 advisory firms with $1.3 trillion in assets under administration and an additional $44 billion of combined assets (Orion Portfolio Solutions and Brinker Capital) on the open architecture TAMP, making Orion the platform of choice for all growth-focused advisory firms looking to strengthen their client relationships, gain a competitive edge in a crowded marketplace, and build strong, profitable businesses. Learn more at www.orion.com.

About Brinker Capital

Brinker Capital is an investment management company with $26 billion in assets under management (as of August 19, 2020). For over 30 years, Brinker Capital’s purpose has been to deliver an institutional multi-asset class investment experience to individual clients. Brinker Capital’s highly strategic, disciplined approach has provided investors the potential to achieve their long-term goals while controlling risk. With a focus on wealth creation and management, Brinker Capital serves financial advisors and their clients by providing high-quality investment manager due diligence, asset allocation, portfolio construction, and client communication services. Brinker Capital Investments, LLC, is a registered investment advisor.

About Genstar Capital

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high-quality companies for over 30 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $19 billion of assets under management and targets investments focused on targeted segments of the financial services, healthcare, industrial, and software industries. Genstar’s current and former portfolio companies in the investment management sector include Apex Group, AssetMark, Artivest, Ascensus, Cetera Financial Group, ISS and Mercer Advisors.

About TA Associates

TA Associates is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high-quality growth companies. TA has raised $33.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $2 billion per year. The firm’s more than 90 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.

Contacts

Company Contact:
KELLY WALTRICH
Chief Marketing Officer, Orion
402.896.7406
kelly@orion.com

Media Contacts:
JIMMY MOOCK
Gregory FCA for Orion
610.348.7849
jimmy@gregoryfca.com
orion@gregoryfca.com

MICHELE STEINMETZ
Director, Public Relations and Social Media, Brinker Capital
215.817.5610
msteinmetz@brinkercapital.com

CHRIS TOFALLI
Chris Tofalli Public Relations, LLC for Genstar Capital
914.834.4334
chris@tofallipr.com

MARCIA O’CARROLL
Director of Marketing, TA Associates
617.852.1345
mocarroll@ta.com

Categories: News

Tags:

Centerbridge to Acquire AHEAD from Court Square, Setting the Stage for Next Phase of Innovation and Growth

Court Square

Investment will enable the enterprise cloud leader to expand its digital solutions portfolio and geographic reach

CHICAGO–(BUSINESS WIRE)–AHEAD, a leading provider of enterprise cloud solutions, today announced a definitive agreement for funds advised by Centerbridge Partners, L.P., a leading private investment firm, to acquire a majority stake in the company. In addition, funds managed by Berkshire Partners LLC will purchase a minority stake in AHEAD, while the AHEAD management team will continue to own a significant position in the business.

With support from Centerbridge, a deeply experienced investor in enterprise services, software and hardware businesses, AHEAD is well-positioned to accelerate its market leadership in enterprise cloud infrastructure and grow its offerings, including through the expansion of its services and partnerships, in the vital areas of intelligent operations and cloud-native application development.

Over the last five years, as a portfolio company of Court Square Capital Partners, AHEAD grew revenues from $365 million to more than $1.3 billion in 2020, in the process acquiring four firms. During this same period, AHEAD’s professional services business grew from $18 million to more than $100 million—an average annual growth rate of 41 percent—as the company expanded its services capabilities in the areas of cloud, enterprise service management and enterprise monitoring and analytics.

“We’ve enjoyed our partnership with Court Square and are thankful for their early support of the AHEAD journey. The Centerbridge investment will help us continue to innovate and enhance our offerings in an effort to help clients transform and create more agile and efficient applications, operations and platforms,” said Daniel Adamany, CEO of AHEAD. “This is a pivotal moment in our history, and we can’t wait to get to work with our new partners.”

“With its sophisticated enterprise software and hardware solutions, as well as its growing professional services business, AHEAD attracts a large and loyal customer base with a highly compelling growth trajectory,” said Jared Hendricks, senior managing director at Centerbridge.

“A client-focused culture is the foundation for the company’s product and service offerings, driving customer satisfaction and growth,” added Chris Litchford, managing director at Centerbridge. “We look forward to partnering with AHEAD on its next phase of innovation and growth.”

“We are grateful to have partnered alongside the AHEAD management team. The company has grown tremendously during our investment hold and we’re excited for the opportunity going forward for AHEAD and their new partners,” said Jeff Vogel, partner at Court Square.

Guggenheim Securities, LLC served as exclusive financial advisor to AHEAD and Court Square on the transaction. Dechert LLP served as legal counsel to AHEAD and Court Square. Jefferies LLC, RBC Capital Markets and Deutsche Bank served as exclusive financial advisors to Centerbridge. RBC Capital Markets, Deutsche Bank, Barclays, KKR Capital Markets and Macquarie Capital are providing financing for the deal. Kirkland & Ellis LLP served as legal counsel to Centerbridge Partners. Ropes & Gray LLP served as legal counsel to Berkshire Partners.

About AHEAD

AHEAD builds platforms for digital business. By weaving together advances in enterprise cloud infrastructure, intelligent operations, and modern applications, we help enterprises deliver on the promise of digital transformation. Learn more at www.thinkahead.com.

About Centerbridge Partners

Centerbridge Partners, L.P. is a private investment management firm employing a flexible approach across investment disciplines—from private equity to credit and related strategies, and real estate—in an effort to find the most attractive opportunities for our investors and business partners. The Firm was founded in 2005 and as of June 30, 2020 has approximately $26 billion in capital under management with offices in New York and London. Centerbridge is dedicated to partnering with world-class management teams across targeted industry sectors and geographies to help companies achieve their operating and financial objectives. For more information, please visit www.centerbridge.com.

About Berkshire Partners

Berkshire Partners, a Boston-based investment firm, has made more than 130 private equity investments since its founding over 30 years ago. Berkshire has developed industry experience in several areas including business services & technology, communications, consumer, healthcare, and industrials. Berkshire has a strong history of partnering with management teams to grow the companies in which it invests. For additional information, visit www.berkshirepartners.com.

About Court Square Capital Partners

Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 230 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare, and technology and telecommunications sectors. The firm has $7.0 billion of assets under management and is based in New York, N.Y.

Source: Business Wire

Categories: News

Tags:

C5 Further Invests in Ionir to Usher in New Era of Data Democratization

C5 Capital

Today, we announce C5 Capital’s investment in Ionir. The Ionir container native storage and data management platform for Kubernetes and clouds, enables customers to instantly transport data volumes at scale between clouds. We were delighted to participate in the $11 million round led by Jerusalem Venture Partners.

Our new commitment follows C5’s initial investment in 2017, and underlines our confidence in the Ionir leadership team to realise a revolutionary new capability in data mobility. Ionir has created a formidable business, and their technology is fundamental to enabling multi-datacenter, hybrid cloud, and multi-cloud strategies.

At C5 Capital, we seek to invest in companies that not only show tremendous growth and promise, but are fulfilling a core need in the market. In addition to our investment we provide these companies with access to our global network of expertise, helping to power their international growth.

Ionir is ideally placed to support its customers in these challenging times where the pandemic has uprooted millions of companies and organisations of all sizes from the confines of their physical office space to conducting operations virtually.  The shift to enable working from home has brought a new set of data management hurdles, and added complexity to storing information across multiple environments. We have witnessed accelerated digital transformation and cloud adoption yet unseen, as companies rushed to ensure business continuity in the digital world. Businesses have migrated to multi cloud architectures to support remote workloads at scale.

Ionir is helping international companies and organizations move applications and data between clouds efficiently and speedily. Through its new platform capability Data Teleport, it is leading a new era of data democratization and redefining IT workflows.

This platform delivers the industry’s first instant mobility capability for persistent volumes, that allows stateful applications to be copied or moved instantly between Kubernetes clusters in under 40 seconds, independent of the size of the volume or the amount of data involved. Based on the unique and proven technology developed by Reduxio, Ionir’s platform eliminates the complexity of storage and data management for Kubernetes-based clouds by allowing customers to build a seamless data layer and a common set of data management workflows independent of the underlying cloud or infrastructure.

Ionir’s unique proposition and proprietary technology enables it to meet the needs of its rapidly growing customer base and positions it for continued strong expansion and growth. We are excited to be part of that journey, sharing the Ionir team’s vision and passion to transform its markets.

André Pienaar, Founder and Managing Director of C5 Capital has joined the Board of Directors at Ionir to support their next phase of growth. André said, “As a specialist investor in the cutting-edge cloud and data management solutions powering our digital future, we are thrilled to support Ionir in transforming this market. Data mobility between clouds has historically required advanced planning and significant amount of time, making it difficult for customers to move applications and data to maximise effectiveness of their IT, or to provide resilience in the case of an outage. Ionir is bringing a paradigm shift by eliminating data gravity and time from the equation. The company’s innovative Data Teleport instant data mobility capability is redefining IT workflows in both hybrid cloud and multi-cloud deployments.”

Categories: News

Tags:

ICG establishes Milan Office

15 September 2020

Intermediate Capital Group (ICG) is pleased to announce that it has opened an office in Milan, headed by Luigi Bartone, Head of ICG Italy; he will be joined by Giulio Piccinini, Managing Director, previously based in London.

Luigi Bartone joined ICG in 2004 from AT Kearney and holds an MBA from INSEAD. ICG has invested regularly in the region ever since.

Giulio Piccinini joined ICG in 2017 from Vision Capital. Prior to his private equity investment career, Giulio worked in the investment banking division of Bank of America Merrill Lynch and as a management consultant at Bain & Co. Giulio holds an MBA from New York University.

Commenting on ICG’s move to establish an office in Milan, Luigi Bartone, Managing Director, Head of Italy, said, “Italy is a significant market for ICG and the opening of a permanent office strengthens our presence and commitment to the country. There is plenty of activity in Italy and with an office in Milan we will capture even more opportunities across asset classes; we will be closer to our portfolio companies, and to entrepreneurs and management teams willing to partner with ICG to accelerate their companies’ growth”.

For further information please contact:

ICG
Alicia Wyllie
Co-Head of Corporate Communications
Tel: +44 (0)203 201 7994
Mobile: +44 (0)7808 610080
Email: alicia.wyllie@icgam.com

Helen Gustard
Co-Head of Corporate Communications
Tel: +44 (0)203 201 7760
Mobile: +44 (0)7932 486928
Email: helen.gustard@icgam.com

Maitland/amo
Sam Turvey
Partner
Tel: +44 (0)207 379 5151
Mobile: +44 (0)78 2783 6246
Email: sturvey@maitland.co.uk

About ICG
ICG is a global alternative asset manager with over 30 years’ history.

We manage €45.6bn* of assets in private debt, credit and equity, principally in closed-end funds. We provide capital to help companies grow through private and public markets, developing long-term relationships with our business partners to deliver value for shareholders, clients and employees. We operate across four asset classes – corporate, capital market, real asset and secondary investments. In addition to growing existing strategies, we are committed to innovation and pioneering new strategies across these asset classes where the market opportunity exists.

ICG is listed on the London Stock Exchange (ticker symbol: ICP). Further details are available at: www.icgam.com . You can follow ICG on LinkedIn.

*as at 30 June 2020

Read the press release

Categories: News

Tags:

CapMan Procurement Services CaPS expands to the Baltic region – establishes joint venture with BaltCap

CapMan/CaPS press release
16 September 2020 at 9:00 am EEST

CapMan Procurement Services CaPS expands to the Baltic region – establishes joint venture with BaltCap

CapMan Procurement Services CaPS accelerates the international expansion of its operations and introduces its procurement service concept in the Baltic region through CaPS Baltics, a newly established joint venture together with the leading Baltic private equity fund manager BaltCap.

The geographic expansion follows the introduction of CaPS in Sweden and provides over 40 BaltCap portfolio companies as well as existing CaPS member companies with operations in the Baltic region with access to centralised procurement for non-strategic products and services across many categories ranging from logistics to IT.

“Expansion of our business to include the Baltic countries is a natural progression as many of our members already operate in the region and we see significant growth opportunities there. The joint venture with BaltCap demonstrates the scalability of the CaPS concept by utilising the same processes and tools across a wide array of companies and markets to help even more companies improve their procurement practices. We are constantly considering new categories and services that bring added value to our members and develop our service accordingly. We are also selectively assessing new potential markets, in which to introduce the CaPS concept,” says Maximilian Marschan, Managing Partner at CaPS.

“We are very excited to introduce the CaPS concept to our portfolio. Making procurement more efficient and systematic across BaltCap portfolio companies is without doubt a great value and benefit for our growing portfolio. The accomplishments of CaPS team in the past ten years in driving savings and improving customer satisfaction for its member companies in Finland and Sweden are remarkable. We trust the service provides also our companies a clear competitive edge enabling us to better achieve our goal of building business champions,” says Martin Kõdar, Managing Partner at BaltCap

Hannes Laaser has been appointed Procurement Director for the joint venture. Hannes has more than 15 years of sourcing and management experience, and he joins CaPS Baltics from Glamox Group where he was responsible for direct and indirect materials procurement. Laaser’s responsibilities will include member acquisition and tenders for new categories and service partners in the Baltic region. He is based in Tallinn.

“I am pleased to welcome Hannes to our team. His experience and networks are spot on for building our presence and serving this new market,” Marschan says.

For more information, please contact:
Maximilian Marschan, Managing Partner, CaPS, tel. +358 50 591 1282

About CaPS

CaPS centralises the procurement of its member companies’ non-strategic products and services in Finland and Sweden and now in the Baltic states through the joint venture. CaPS has over 200 member companies, which together employ over 80,000 persons in Finland, Sweden, Estonia, Latvia and Lithuania, and have an aggregate revenue of EUR 15 billion. The network has over 250 supplier partners, which benefit from larger volumes and the concentration of sales through one channel. The service creates added value to its network through savings, more efficient procurement processes and new customer relationships. CaPS was established in 2010 and is part of private assets group CapMan. See more: www.caps.fi

About BaltCap

BaltCap is the largest private equity investor in the Baltic region covering buyout, growth, venture capital and infrastructure investments. Since 1995, BaltCap has invested in over 100 companies across different industries and raised aggregate capital of over €600 million. As an active owner, BaltCap strives to build international business champions by partnering with top management teams and entrepreneurs with a strong vision to grow. BaltCap’s portfolio currently includes over 40 portfolio companies across investment strategies. The latest initiatives by BaltCap include establishing Nordic Ninja venture capital fund as a joint venture with Japanese JBIC IG Partners and launching successor Private Equity Fund III, focusing on the New Nordics, Baltics and Nordic companies with a Baltic nexus. See more: www.baltcap.com

Categories: News

Tags:

H.I.G. Capital Hires Andrew Liau as Co-Head of Infrastructure Team

LONDON – September 16, 2020 – H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $40 billion of equity capital under management, announced today that it has hired Andrew Liau to co-lead its infrastructure team alongside Ed Pallesen. Andrew will be based in London, with primary day-to-day responsibility for the infrastructure teams’ activity in Europe, while Ed will continue to be based in New York with primary focus on the Americas.

Andrew has over 20 years of experience in private equity and investment banking. Before joining H.I.G., he was a Senior Managing Director in the infrastructure group at Ardian, a leading Paris based private equity firm, where he led a number of successful core plus investments. Prior to Ardian, he was a founding member of First State Investments’ European infrastructure team. He began his career at RBC, where he worked on infrastructure financings.

H.I.G.’s infrastructure investments are focused on mid-market opportunities and target mostly operating companies that can benefit from H.I.G.’s value added operating expertise. H.I.G. has previously completed more than a dozen such investments.

Sami Mnaymneh and Tony Tamer, founders and co-CEOs of H.I.G. commented: “We are excited to welcome Andrew to the team. His impressive background and experience will be instrumental in growing our infrastructure business”.

Ed Pallesen added: “I am looking forward to working with Andrew as we build on H.I.G.’s unique capabilities and track record. The market opportunity for value-added, middle market infrastructure investments globally has never been more attractive”.

About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $40 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:

  1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
  3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.

Categories: People

The Efficy group acquires INES CRM to create a customer relationship front player in France and become the European Champion

Fortino Capital

Brussels, September 10, 2020 – INES CRM, one of the French cloud-based CRM pioneers, is joining the Efficy group. The stated ambition is to complete the consolidation of the French market in order to conquer Europe!

Obvious product complementarity

Founded in 2005 in Brussels, Efficy publishes a highly flexible CRM intended for medium and large accounts, and positions itself as a partner close to its customers. Already present in 7 European countries and leader in the Benelux, the Efficy group offers CRM solutions at the right price. Daily used by 170,000 users, the group’s solutions support more than 3,500 companies in their growth.

Founded in 1999 in Lyon, INES CRM publishes and integrates an open collaborative SaaS platform, serving business development and the entire customer journey. This solution is particularly suitable for companies with 10 to 50 employees, wishing to quickly set up a personalized CRM solution.

“INES CRM is an ingenious addition to the Efficy group’s range of CRM solutions. Our teams are now able to offer a solution adapted to all contexts. Whether it is a start-up buying a CRM license on the web, a company with 40 employees that wants a customizable solution, or even a group that has several thousand users, ” emphasizes Damien Duchateau, co- founder of INES CRM.

“Joining the Efficy group will allow the INES CRM solution to be enriched with new functionalities. Mobile application, artificial intelligence, gamification, document management and customer extranet functions will quickly complete the INES CRM solution,” adds Max Patissier, co-founder of INES CRM.

A desire to consolidate the European market

The Efficy group aims to represent 5% of the CRM market share on the European scene in four years. This operation is part of this ambition.

The acquisition of INES CRM by Efficy creates a group of 220 employees in Europe with cumulative annual turnover of € 26.5 million for 2019. The customer portfolio stands at 4,500 references.

“In recent years, we have organized and structured ourselves to accelerate the pace of our growth. INES CRM allows us to establish ourselves durably in France. We are planning such operations in other countries in the coming months. Our desire: to become a very serious alternative to the American mastodons on European soil,” concludes Cédric Pierrard, CEO of the Efficy group.

The Efficy CRM group at a glance

Key figures (2019)

  • € 26,5m turnover
  • 220 employees in 9 countries
  • 4 500 clients
  • 185 000 users in 33 countries
  • 46% average growth over the past 5 years

Latest highlights

  • 2017: Acquisition of DESICO, publisher of the Vente Partner solution, in France
  • 2018: Acquisition of E-Deal in France
  • 2019: Acquisition of SumaCRM in Spain
  • 2019: Arrival of Fortino Capital as shareholders

About EFFICY

Efficy is a software provider offering medium & large businesses a complete, flexible and extended CRM (Customer Relationship Management) solution which helps companies manage their Customer Relationship. Efficy has over 170,000 daily users in 33 countries. Founded in 2005, the Efficy Group, ISO 9001 certified, works with companies from a wide variety of sectors: Banking (Belfius, BNP Paribas, Fortuneo), Insurance & Mutual insurance (Amma, Thélem), Social housing, Industry (CEA, Gradus, Poujoulat), Services, Tourism & Transport (Kinepolis, Geneva Tourism), Retail (La Redoute, Groupe Gautier), Local authorities & Chambers of commerce. Headquartered in Brussels, Efficy has approximately 165 employees in its 7 local offices in Belgium, France, the Netherlands, Spain, Luxembourg, Switzerland and Germany.

About INES CRM

French publisher and integrator for 20 years, INES CRM offers a collaborative, open and mobile SaaS platform, serving business development and the entire customer journey.

INES CRM teams support BtoB companies and ensure the sustainability of their digital transition. The INES solution is a tool designed to respond to the problems of different departments (sales, marketing, customer service, etc.) by giving companies a 360 ° view of their customer relationship.
www.inescrm.fr

Contact

For more information, please visit www.efficy.com or contact:
Laëtitia Baret
lba@efficy.com
+33 6 13 03 63 67

Categories: News

Tags:

Hg announces the sale of A-Plan Group

HG Capital

Hg announces the sale of A-Plan Group (“APG”), one of the UK’s largest specialist insurance intermediaries, to Howden, the international insurance broking group. The terms of the transaction are not disclosed and the acquisition remains subject to regulatory approval.

Hg partnered with APG in 2015, recognising the business’ best-in-class customer success model – a personal, service-oriented approach, leading to very high levels of customer satisfaction alongside strong organic growth.  Since then Hg has worked with management to transform APG from a predominantly branch-based, personal lines insurance broker, to a business with a national footprint across multiple lines of business, supported by industry-leading data and analytics capabilities.

APG has more than doubled its revenues under Hg’s ownership and now has 1.3 million policies compared with 600,000 at acquisition. Renewal rates are strong and NPS scores remain exceptionally high and are supported by excellent customer service. APG has also implemented a new cloud IT broking platform, achieving efficiencies and providing data insights to drive new business growth and improve customer retention. APG has also undertaken a significant M&A programme which has led to a more diverse and scaled position in the UK insurance market. Investment in talent across APG’s key functions and broad equity ownership across APG’s employee base has also been a key driver for growth.

“We would like to thank Carl and the team for the great partnership and exceptional performance over the last 5 years.  The company has delivered excellent organic growth, whilst also executing 56 accretive M&A transactions and building an MGA capability.

Using our technology expertise, Hg has also worked with management to put software and data at the heart of the business which has greatly improved efficiency and performance.  The team’s biggest achievement, however, has been to maintain A-Plan’s strong culture, which has been responsible for its industry-leading customer satisfaction and loyalty, as well as its trusted insurer relationships throughout this period of rapid change.”

Thorsten Toepfer, Partner at Hg

“We have had a great journey with Hg, together building on a long-term track record of sustainable growth that we are very proud of. Today we employ over 2,000 staff, a number which has almost doubled during Hg’s investment.

We are delighted by the prospect of working with Howden; it’s a business that is so evidently aligned with us on the central importance of looking after its people, clients and insurers but will also support us in M&A as we deliver on Howden’s ambition for UK regional insurance distribution.”

Carl Shuker, CEO of A-Plan Group

Categories: News

Tags:

MineralTree Raises $50M Series D Funding and Acquires Inspyrus and Regal Software

Great Hill Partners

New investment and acquisitions fuel growth in fast-growing AP automation and B2B payments market

| Source: MineralTree, Inc.

CAMBRIDGE, Mass., Sept. 24, 2020 (GLOBE NEWSWIRE) — MineralTree, an Accounts Payable (AP) and payments automation solution provider, today announced that it has closed a $50 million Series D investment round with participation from existing investors Great Hill Partners, .406 Ventures, and Eight Roads Ventures. In addition, MineralTree has acquired two companies in the AP automation and B2B payables space, Inspyrus and Regal Software, to further expand its market position in providing AP and payment automation to middle market companies.

The investment round and acquisitions come at a time when MineralTree is seeing increasing demand for its solutions as businesses of all sizes are becoming focused on addressing both pandemic-related work-from-home mandates and rising costs associated with manually processing invoices and B2B payments. $27 Trillion in B2B payments are made in North America every year and businesses spend an estimated $510B on direct and indirect manual AP costs making those payments. By automating AP, businesses can save as much as 80% of these costs and allow their AP process to function seamlessly while working fully remote.

Today’s additional funding and strategic company acquisitions equip MineralTree with expanded product capabilities, partnerships, and scale to serve the needs of a much larger portion of the middle market and up into the enterprise market. Additionally, the funding and acquisitions will bolster capabilities available to existing MineralTree customers and Bank partners.

“Mid-market companies of all sizes continue to show strong interest in automating their AP and payments processes, but as a market segment have been overlooked and underserved,” said MineralTree Chief Executive Officer, Micah Remley. “Our vision to revolutionize B2B commerce starts with making the invoice to payment processes simple, speedy, and secure for mid-market customers and our Bank partners. This new funding, combined with expanded product capabilities and scale that come as a result of acquiring Inspyrus and Regal Software, uniquely positions MineralTree to do just that.”

Silicon Valley-based Inspyrus is an AP automation software solution for large mid-market and enterprise customers. Since its founding in 2008, Inspyrus has built significant scale in AP automation and currently processes over 15 million invoices, representing more than $100B in AP spend, annually in its software platform. It provides out-of-the-box integrations with leading ERP systems such as SAP and Oracle’s E-Business, JD Edwards, PeopleSoft, and ERP Cloud systems. With Inspyrus, MineralTree adds robust product features such as advanced PO matching, Artificial Intelligence-enabled predictive coding, and real-time invoice capture.

“Mid-market companies continue to lag behind their enterprise contemporaries in automating,” stated Inspyrus Founder and Chief Executive Officer Nilay Banker. “Automating these processes can deliver not only significant cost savings, but also increased financial visibility, and fraud reduction. The combination of capabilities from Inspyrus and MineralTree will help accelerate the digitization of Accounts Payable and B2B payments processing across more companies globally.”

Regal Software, founded in 2008 and headquartered in Atlanta, Georgia, provides easy-to-use ERP connectors to more than 160 different ERP systems. Its RegalPay solution is used by more than 350 corporate customers and partners including leading banks, card issuers, and financial services institutions to serve their business customers’ needs. Regal Software expands MineralTree’s ability to integrate with both bank and business financial systems, removing one of the biggest barriers to adoption of e-payments.

“We are thrilled to become part of the MineralTree family today,” commented Regal Software Founder and Chief Executive Officer, Kofi Conduah. “The combined strengths of MineralTree and Regal Software position us as the only choice to help mid-market companies easily transition to electronic payments and empower Banks to help their commercial customers do the same.”

Resources:
Industry Report: The State of AP 2020: A Research Report
Product Overview: End-to-End AP Automation – How it Works
Blog Post: Blog: Top 3 AP Automation Misconceptions
Webinar: Building the Modern Finance Function through Digital Transformation

About MineralTree
MineralTree provides modern, secure, easy-to-use, end-to-end Accounts Payable (AP) Automation solutions that reduce costs by more than 75%, increase visibility and control, and mitigate fraud and risk, while improving cash flow. More than 2,000 mid-market and mid-enterprise companies, as well as more than 25 financial institutions rely on MineralTree to digitize and optimize the entire AP Automation and Payments process, preserving control over the complete invoice-to-payment workflow, improving vendor relationships, maximizing ROI, and transforming the finance function from a cost center to a profit center. For more information, visit https://www.mineraltree.com.

 

Media Inquiries
Tim Walsh
617.512.1641

Categories: News

Tags:

NUVIA Raises $240M Series B Funding as it Accelerates Plans to Deliver Industry Leading CPU Performance to the Data Center

Atlantic Bridge

NUVIA Raises $240M Series B Funding as it Accelerates Plans to Deliver Industry Leading CPU Performance to the Data Center

Santa Clara, Calif., September 24, 2020 – NUVIA, a leading-edge silicon design company, today announced the close of its Series B funding round, raising $240M.  The funding round was led by Mithril Capital in partnership with Sehat Sutardja and Weili Dai (founders of Marvell Technology Group), funds and accounts managed by BlackRock, Fidelity Management & Research Company LLC., and Temasek, with additional participation from Atlantic Bridge, Redline Capital, Capricorn Investment Group, Dell Technologies Capital, Mayfield, Nepenthe LLC and WRVI Capital. The closure of NUVIA’s Series B round builds on a $53M Series A round, raised in November 2019. NUVIA was founded in February 2019 by John Bruno, Manu Gulati and Gerard Williams, with the vision to create the world’s leading server processor.

“The opportunity in front of NUVIA has never been brighter, with an industry that’s looking for a new way to get the performance needed to power the next generation of cloud and enterprise computing,” said Gerard Williams III, CEO, NUVIA. “We’re very fortunate to have an incredible group of investors behind us as we close Series B and take the next steps in our vision to redefine performance, energy efficiency, scalability, compute density and total cost of ownership within the data center.”

NUVIA is building a leading-edge SoC and CPU core, codenamed “Orion” and “Phoenix,” that are designed to deliver industry leading performance on real cloud workloads. More details on performance for the Phoenix CPU can be found at https://nuviainc.com/blog/performancedeliveredanewway.

About NUVIA

Headquartered in Santa Clara, NUVIA was founded on the promise of reimagining silicon design for high-performance computing environments. The company is focused on building products that blend the best attributes of compute performance, power efficiency and scalability. For more information, please visit www.nuviainc.com.

Categories: News

Tags: