Salvia BioElectronics

Inkef Capital

Salvia BioElectronics receives FDA Breakthrough Device Designation for innovative neurostimulation solution

 Bioelectronics solution addresses drug-refractory chronic migraine

Eindhoven, the Netherlands, November 3, 2020 – Salvia BioElectronics B.V. (“Salvia”), a neurostimulation platform company targeting chronic migraine, announced today that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Device Designation for its implantable neurostimulation system to address chronic migraine.

Salvia is developing an innovative neurostimulation solution for chronic migraine based on a novel device concept with unique benefits to both patients and physicians. Migraine is the first cause of disability in under 50s, affecting one out of seven people, predominantly women[1]. People with migraine experience episodes of throbbing, pulsating pain, sometimes accompanied by nausea, vomiting, and sensitivity to light, that can last anywhere from a few hours to a few days. More than five percent of patients suffer from chronic migraine, where they experience migraines for an average of 22 days per month[2]. Migraine does not only impact wellbeing; it has an enormous impact on work, school, family and social lives.

Wim Pollet, Chief Medical Officer of Salvia BioElectronics, noted: “The FDA breakthrough device designation of our neurostimulation system reflects the recognition of the large unmet medical need of patients suffering from refractory chronic migraine, and the potential of Salvia’s bioelectronic foil technology to address this. We look forward to working closely with the FDA to expedite the review process to accelerate the development of our therapy.”

Patients with chronic migraine suffer from 15 or more headache days per month, with an average of 22 days per month, despite best medical treatment1. Only 1 in 3 of drug-refractory chronic patients are helped with the newest generation of anti-migraine drugs, leaving many patients in medical need.

While neurostimulation has been demonstrated to be effective for these patients, there are no approved devices commercially available. Salvia was founded with the mission to help these patients suffering from chronic migraine by developing thin and conforming bioelectronic foils that uniquely adapt to the anatomy of the head.

The FDA’s Breakthrough Devices Program has been established to help patients to have more timely access to medical devices that provide more effective treatment for irreversibly debilitating diseases or conditions. The designation allows Salvia to have more frequent interaction with the FDA regulatory experts when preparing its FDA submissions, followed by prioritized reviews.

 

Enquiries

For more information please contact:

Salvia BioElectronics

Daniel Schobben, Chief Operating Officer

mb.info@salvianeuro.com

 

Optimum Strategic Communications

Supriya Mathur, Elakiya Rangarajah

+44 (0) 20 3922 1906 / +44 (0) 203 922 0891

Salvia@optimumcomms.com

 

 About Salvia BioElectronics B.V.

Salvia BioElectronics is an innovative Dutch startup active in the emerging field of bioelectronics. Salvia BioElectronics was founded in 2017 by neuromodulation industry veterans with the ambition to develop a bioelectronics therapy for people suffering from chronic migraine that is as easy as taking medication yet side-effect free. Building on research around known neural targets in migraine, the startup is working to develop the right form factor for stimulation that is effective, safe, and affordable.

Migraine is the first cause of disability in under 50s, affecting one out of seven people, predominantly women. People with migraine experience episodes of throbbing, pulsating pain, sometimes accompanied by nausea, vomiting, and sensitivity to light, that can last anywhere from a few hours to a few days. More than five percent of patients experience migraines for 15+ days per month – with an average of 22 days – a condition described as chronic migraine. www.salvianeuro.com

[1]Steiner, T.J., Stovner, L.J., Vos, T. et al. Migraine is first cause of disability in under 50s: will health politicians now take notice?. J Headache Pain 19, 17 (2018). https://doi.org/10.1186/s10194-018-0846-2

[2]Richard B Lipton, Merle L Diamond, Stewart J Tepper, Expert Perspectives—Migraine Prevention for Highly Impacted Patients.

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TorQuest Partners and Caisse de dépôt et placement du Québec Announce Investment in Barrette Outdoor Living

Cdpq

Private Equity, Québec Québec, Ontario and Middleburg Heights, Ohio,
share

 
TorQuest Partners (“TorQuest”) and Caisse de dépôt et placement du Québec (“CDPQ”) today announced a majority investment in Barrette Outdoor Living Inc. (“BOL” or the “Company”), North America’s leading manufacturer of wood-alternative fence and railing products. TorQuest and CDPQ are partnering in this transaction with BOL’s owner, Les Entreprises Barrette Ltée, who will retain a significant minority interest in the Company, and BOL’s management team, led by CEO Jean desAutels. Terms of the transaction were not disclosed.

BOL manufactures and sells vinyl, aluminum and steel fence and railing; composite decking; and other outdoor products sold through specialty retailers, home centers and lumberyards. The Company’s scale, vertically-integrated operations, and broad portfolio of fence, railing and decking systems have driven a consistent history of distribution channel penetration and market share gains in its core outdoor living repair and remodeling market. BOL has also grown through acquisitions, which have expanded the Company’s geographic reach and built its product portfolio into the most comprehensive in the industry.

Jonathan Fraser, Partner at TorQuest, said: “This investment continues our well-established strategy of building relationships with successful Canadian entrepreneurs to support ownership transitions. BOL has experienced exceptional growth over the past decade due to its unparalleled operational capabilities and its industry-leading customer service levels. We believe the business is well-positioned to capitalize on the attractive industry dynamics in the North American outdoor living sector and we look forward to partnering with the BOL team to drive the business through its next phase of growth.”

This is the tenth Fund IV platform investment for TorQuest, which recently closed its fifth fund, TorQuest Partners Fund V, with $1.375 billion of committed capital.

Kim Thomassin, CDPQ’s Executive Vice-President and Head of Investments in Québec and Stewardship Investing, added: ” With this transaction, CDPQ is delighted to support Les Entreprises Barrette, a successful Québec company, with its evolution and development plan. Thanks to its ambitious growth strategy and numerous transformative acquisitions, BOL is now a North American leader in a fast-growing industry. CDPQ’s investment and support will help accelerate the company’s expansion in the coming years, securing its position as a leader.”

CEO Jean desAutels, said, “I am extremely proud of the accomplishments of the BOL team and believe it is the right time, and TorQuest and CDPQ are the right partners, to help build the business from here. BOL has a great foundation and is ready for its next stage of growth.”

Moelis & Company LLC and PricewaterhouseCoopers Corporate Finance Inc. served as financial advisors to BOL on the transaction.

About Barrette Outdoor Living Inc.

Barrette Outdoor Living is the leading North American supplier of exterior home products to the residential market. Barrette Outdoor Living produces vinyl, aluminum and steel fence and railing; composite decking; and other outdoor products sold through specialty retailers, home centers and lumberyards. Barrette Outdoor Living employs more than 2,000 people at 10 locations throughout the United States. For more information, visit www.barretteoutdoorliving.com.

About TorQuest Partners

Founded in 2002, TorQuest Partners is a Canadian-based manager of private equity funds. With more than CA$3 billion of equity capital under management, TorQuest is currently investing from TorQuest Partners Fund IV, a CA$925 million fund that closed in June 2016.  In March 2020, TorQuest announced the closing of TorQuest Partners Fund V at CA$1.375 billion. TorQuest invests in middle market companies, and works in close partnership with management to build value. To learn more about TorQuest Partners, please visit www.torquest.com.

About Caisse de dépôt et placement du Québec

Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and para-public pension and insurance plans. As at June 30, 2020, it held CA$333.0 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit www.cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.

For more information

  • Sandy Blackwood
    Longview Communications Inc.
    416 649-8005

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Norva24 acquires platform in Southern Germany

Valedo

Norva24 has acquired Kanal-Türpe, a leading provider of Underground Infrastructure Maintenance (“UIM”) services in Southern Germany with operations in Gerolzhofen, Fulda and Blomberg. The acquisition significantly strengthens Norva24’s leading position in the highly fragmented UIM market in Northern Europe.

Kanal-Türpe has more than 50 years of experience in the industry, revenues of approximately EUR 20 million and a comprehensive service offering within UIM services. The company is headquartered in the central parts of Southern Germany and operates around 100 vehicles. In addition to the acquisition of Kanal-Türpe, Norva24 has also recently completed one acquisition in Stockholm and two smaller acquisitions in Germany, with operations in Lübeck and Lüneburg.

“We are very excited to welcome Kanal-Türpe to Norva24. Following our market entry into Germany in 2019 through the acquisition of Ex-Rohr, we now further strengthen our position as the emerging market leader in Germany. Furthermore, the acquisition implies that Norva24 now has revenues of close to NOK 2 billion, which is an important milestone in our vision to become the clear market leader within UIM services in Europe”, says Henrik Damgaard, CEO of Norva24.

The terms of the deal will not be disclosed.

For more information about Norva24, please contact:

Henrik Damgaard, CEO
henrik.damgaard@norva24.no

About Norva24:
Norva24 is the undisputed category leader in the highly fragmented UIM services market in Northern Europe, with leading position in Norway, Denmark, Sweden and Germany. Service offering includes mission-critical and non-discretionary maintenance services for underground infrastructure (“UIM”), such as pressure washing, emptying service, pipe inspection and relining. Norva24’s vision is to become a lighthouse in the development of the UIM industry in Europe through green initiatives, ESG reporting and IoT solutions. Norva24 has revenues of close to NOK 2 billion and employs around 1 200 employees.

www.norva24.com

About Valedo:
Valedo is an independent Swedish investment company investing in high-quality small/mid cap companies in the Nordic region. Valedo is focusing on companies with clear growth and development potential where Valedo can actively contribute to and accelerate the companies’ development. Being an active owner and contributing both capital and industrial experience, Valedo ensures that a company can achieve its full potential.

www.valedopartners.com

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Francks Kylindustri acquires Mats Servicepartner

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Segula

2 November, 2020

Francks strengthens its position in Katrineholm, Sweden, and the surrounding area through the acquisition of Mats Servicepartner AB. The current owner Mats Gustavsson will remain in the business and the new office in Katrineholm will have a total of 8 employees together with Francks’ existing personnel.

”We are very pleased that Mats has chosen to join Francks and strengthen our position in the market. The acquisition of Mats Servicepartner is in line with our strategy to ex-pand geographically and broaden our customer base. We look forward to continue developing the business together with Mats”, says Magnus Lekander, CEO of Francks Kylindustri Norrköping.

“It has been 12 exciting years that I have followed my customers through thick and thin. I look forward to becoming a part of Francks and continue the strong growth that we have experienced since the inception in 2008. As part of Francks, we have further opportunities to grow and broaden our expertise, and I hope that we together can strengthen the market for industrial refrigeration services in the Sörmland region”, says Mats Gustavsson, Mats Servicepartner.

For further information, please visit www.franckskylindustri.se or contact:

Marcus Planting-Bergloo, Managing Partner, Segulah Advisor AB +46 70 229 11 85, planting@segulah.se
Magnus Lekander, Francks Kylindustri i Norrköping AB +46 70 383 09 70, magnus.lekander@franckskylindustri.se

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inRiver Closes $32 Million in Funding Led by Lugard Road Capital

Industriefonden

November 2, 2020

Focus on product excellence, global expansion, and partnerships continue into 2021for the leading product information management (PIM) solution offered as a SaaS.

CHICAGO and MALMÖ, Sweden—(November 2, 2020) inRiver, a leading provider of product information management (PIM) solution that helps businesses sell more products, today announced that they have closed $32 million in funding led by Lugard Road Capital, a global investment fund, and with participation from existing investors Verdane, Industrifonden, Zobito and RoosGruppen. Funding will support the rapid growth planned to meet accelerated customer demand, continued product development, and further global expansion of inRiver.

“The growth in digital commerce, complexity of data, and the increasing importance of the technology ecosystem has been unprecedented this year,” said Thomas Zanzinger, CEO, inRiver. “Buyers now expect consistent and engaging customer experiences across channels, this means product information has to be exceptional to drive revenue. Global teams cannot waste time or money on manual processes, inaccurate data, or the inability to scale. inRiver’s latest funding means we can help even more businesses to solve those challenges.”

As more organizations expand and enhance their digital commerce offerings, the need to scale quickly and easily increases. inRiver’s product information management solution integrates smoothly with other technologies in the ecosystem to offer the most extensive and scalable multitenant SaaS solution in the market today.

The funds raised will be used to drive accelerated product leadership and extend the offering. The funding will support accelerated expansions in North America, the highest growth market, and will help open new growth markets across Europe. It will also help inRiver continue to build key partnerships and alliances to meet evolving customer demands.

“We are excited to partner with inRiver on this funding round to drive growth,” stated Jonathan Green, Partner, Lugard Road Capital. “Digital commerce is a rapidly evolving market, and this will only strengthen inRiver’s leadership position.”

To learn more about inRiver and how we help organizations speed time to market and drive revenue, visit the site here. www.inriver.com.

*Pareto Securities acted as sole manager and bookrunner in connection with the funding round.

Contacts:
For US:Erika Goldwater
erika.goldwater@inriver.com
+1.617.407.3578

For EMEA:Katja Doemer
katja.doemer@inriver.com
+49 151 52846868

About inRiver
inRiver helps organizations sell more products online via better product information. Its product information management (PIM) solution enables better customer experiences for branded manufacturers, industrial manufacturers, and retailers to sell their products and solutions across any channel or marketplace quickly and easily. inRiver helps businesses increase revenues, customer satisfaction, and brand equity for over 1,500 brands and 500 customers globally. Headquartered in Malmö, Sweden, inRiver has offices in Chicago and Amsterdam. For more information, visit inRiver.com

About Lugard Road Capital
Lugard Road Capital is a global investment fund primarily focused on public and private companies in the Internet, software, consumer, and technology sectors.

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AddSecure acquires RTL Telematics through its Smart Transport UK company, Connexas

Castik Capital

RTL’s strong technical offering of solutions for hazardous goods andadvanced vehicle cameras, is of particular importance to AddSecure and will be rolled out across the wider Smart Transport customer base.

AddSecure, a leading European provider of premium IoT solutions, with a focus on secure critical communications and data, today announced that it has acquired RTL Telematics through its Smart Transport UK company, Connexas. The objective is to further  strengthen its market leading position within Transport and Logistics in the UK, and to realize its strategy of becoming the leading provider of Fleet and Transport Management solutions in Europe.

RTL provides telematics services to fleet operators and focuses on logistics companies transporting hazardous goods. The company works with some of the world’s largest and most respected organisations, many of whose requirements are extremely complex. Including the likes of BP, Shell, Esso, Texaco, Nestle, Wincanton, and Hoyer.

“The acquisition of RTL is an opportunity to accelerate AddSecure’s strategic roadmap. AddSecure Smart Transport will benefit from significant additional technologies and added R&D resources to consolidate its innovation leadership in Fleet and Transport Management,” says Stefan Albertsson, CEO of AddSecure.

The telematics equipment and technology platform offered by RTL captures and analyzes vehicle and driver data, to provide insights to customers, and inform financial and operational decisions. Three core analytical areas are offered as part of the solution: Cost savings, contributing to reductions in fuel consumption and operational efficiencies. Performance metrics, which gauge driver and overall fleet safety in real time, identifying poor drivers and providing rectification training. And finally, legal compliance, where video footage can be used for claim intervention by providing an impartial account of events.

“I have personally known RTL’s MD, Konstantin Rainkine, for many years and look forward to working with a fellow developer and entrepreneur of telematics with a passion for customer support and delivery. This addition to the UK business will strengthen our offering and broaden our expertise in camera technology and driver behaviour. This will then be rolled out across our other AddSecure business units and accelerate our best practice services to pan-European customers. We welcome RTL and the team onboard for the exciting journey ahead”, says Andrew Overton, Managing Director of Connexas and VP of AddSecure Smart Transport UK.

“We couldn’t be more excited about this agreement. By joining forces with AddSecure and Connexas, we become part of a strong player with significant scale and financial strength to create the leading European Fleet and Transport Management provider”, says Konstantin Rainkine, Managing Director of RTL Telematics. RTL Telematics will be part of AddSecure and integrated in the Connexas offering. RTL’s Managing Director will report to Andrew Overton, Managing Director of Connexas and VP of AddSecure Smart Transport UK.

Contacts

Kristina Grandin
Press Contact
Director Corporate & Marketing Communications
kristina.grandin@addsecure.com
+46 706 89 52 08

About RTL Telematics

RTL is a custom telematics specialist for the commercial vehicle marketplace, providing sophisticated management tools that capture and analyze vehicle and driver data to optimize fleet safety and efficiency. With 25 years’ experience in vehicle telemetry, as well as working with many of the leading engine and truck manufacturers, the company is well placed to deliver advanced tracking, monitoring, and reporting systems that overcome specific operational challenges and enhance business performance. Working from regional offices in the UK and Australia, the customer base covers over twenty countries spanning six continents.

AddSecure

Add Secure is a leading European provider of premium IoT solutions with a focus on secure critical communications and data. More than 100,000 customers within the security and safety industry, rescue services, building security and automation, digital care, transport and logistics, utilities, smart cities, and more, safeguard their life and business-critical applications with solutions from AddSecure. This helps save lives, protect property and vital societal functions, and drives business. The secure and reliable end-to-end solutions within the business units Smart Alarms, Smart Care, Smart Grids, Smart Rescue, and Smart Transport, help make the world a safer and smarter place. The company, founded in the early 1970s, today employs more than 750staff in 15 countries. AddSecure is headquartered in Stockholm, Sweden, and has regional offices as well as a network of distributors around Europe. AddSecure is majority-owned by Funds managed by Castik Capital, a European private equity fund with a long-term approach to value creation, founded in 2014.

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Castik supports further growth of Customs Support Group

Castik Capital

02.11.2020

Funds advised by Castik Capital S.à r.l. (“Castik”) have entered into an agreement to acquire a majority stake in Customs Support Group (“CSG”) from Mentha Capital and CSG’s founder Oscar Driessen, who will remain a minority shareholder and advisor to the business. In addition, the management will stay on board and (re)invest in the business.

Rotterdam-based CSG is a leading independent customs services provider in Europe. With more than 450 customs experts, the company provides a comprehensive range of customs related services to over 7000 customers.

CSG is established in several European countries (Netherlands, Belgium, United Kingdom, France, Germany, and Poland) in addition to its network of partners in further European countries. Through its multiple locations and partner network, CSG is in close proximity to customers, logistics hubs and customs offices ensuring long-standing relationships and local insights for its many international customers.

In the last years, CSG has proven to be a fast growing and dynamic company that next to strong organic growth has managed to successfully acquire and integrate 18 add-ons. Furthermore, the company is investing in digitizing customs related processes for its customers, in an industry that is expected to face a substantial increase in demand given the upcoming Brexit.

Castik aims to support CSG and its leadership team in continued organic and acquisitive growth as well as the ongoing digitisation of the industry in order to continuously create value for all stakeholders.

Castik was advised on the transaction by Skadden (legal), EY (financial), Kearney (commercial), Houlihan Lokey (debt financing), White & Case (debt), PWC (tax), Ommax (digital), and Netlight (technical).

About Castik

Castik Capital S.à r.l. (“Castik Capital”) manages investments in private equity. Castik Capital is a European Private Equity firm, acquiring significant ownership positions in European private and public companies, where long-term value can be generated through active partnerships with management teams.

Founded in 2014, Castik Capital is based in Luxembourg and focuses on identifying and developing investment opportunities across Europe. Investments are made by the Luxembourg-based fund, EPIC II SLP. The advisor to Castik Capital S.à r.l. is Castik Capital Partners GmbH, based in Munich.

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Latour acquires SLT Schanze Lufttechnik

Latour logo

2020-11-02 13:30

Investment AB Latour has, through its wholly-owned subsidiary Swegon Group AB, acquired SLT Schanze Lufttechnik (SLT), a supplier of diffusers in Germany with the engineering capability to provide complex and customized solutions for its customers. The company was founded in 1985 and has 70 employees with head office and manufacturing located in Lingen, Germany. Net sales in 2019 amounted to EUR 10 m.

The acquisition strengthens Swegon’s portfolio within Room Unit products and increases Swegon’s position as one of the leading companies for indoor environment solutions.

“We are very happy to welcome SLT into the Swegon Group. SLT has an ability to think outside the box and provides top quality customized solutions with a focus on high indoor environmental quality. This acquisition gives Swegon a renowned and highly competent room units supplier in the largest ventilation market in Europe”, says Andreas Örje Wellstam, CEO at Swegon Group.

“SLT started out as a distributor of diffusers in Germany 35 years ago. At that time, we sold Swegon products. Since then, we have grown and developed our own product portfolio and manufacturing. Becoming a part of Swegon is like going back to our roots and I am confident that our customers will experience a very attractive combined offering”, says Joachim Schanze, founder of SLT.

Göteborg, 2 November, 2020

INVESTMENT AB LATOUR (PUBL)
Johan Hjertonsson, CEO

For further information, please contact:
Andreas Örje Wellstam, CEO Swegon, +46 31 89 58 00
Matthew Goodrick, Corporate Development Swegon, +46 31 89 58 00

Swegon Group is a market leader in energy efficient ventilation and indoor climate products and systems. Swegon has subsidiaries in 16 markets, distributors all over the world and 16 production plants in Europe, North America and India. The company employs more than 2,600 people with an annual turnover exceeding SEK 6 billion.

Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listing 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 68 billion. The wholly-owned industrial operations has an annual turnover of SEK 15 billion.

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Eurazeo Capital invests in Questel alongside IK Investment Partners, RAISE Investissement and the management team

ik-investment-partners

As previously announced, Eurazeo Capital, alongside IK Investment Partners, RAISE Investissement and the management team, will invest in Questel to acquire 100% of its share capital. Eurazeo and the IK IX Fund will each invest an initial amount of nearly €200 million and together will hold a majority stake. Definitive financial information will be disclosed once the transaction has been completed.

Questel is a major intellectual property solutions provider that operates worldwide, developing SaaS products and an automated brand services and patent filing platform. The company works with close to 6,000 clients, including a number of large multinationals, offering end-to-end collaborative patent and brand management solutions across the innovation and intellectual property cycle, from invention, through to filing and renewal.

Employing approximately 900 people across 30 countries throughout the world, Questel is renowned for its technological expertise and has expanded considerably since 2018, when the IK VIII Fund first invested in the company.

Eurazeo Capital, IK Investment Partners and RAISE Investissement will support the Questel management team to pursue its growth strategy to gain a foothold in new markets, regions and services, while maintaining its strong technological focus. Questel will be able to take advantage of Eurazeo’s strong international network, in particular in the US and China. Supported by its shareholders, Questel will continue to pursue its ambitions, complete acquisitions and strengthen its range of SaaS solutions and services provided internationally.

The Eurazeo China Acceleration Fund, which was set up to support Eurazeo’s investments in French and European companies that are active in sectors with high growth potential in China in order to accompany them in pursuing this strategy, will also invest in Questel.

Charles Besson, CEO of Questel, said: “IK and Raise have supported and trusted us entirely to develop Questel. The goup has tripled its size in less than three years and continued to enrich its software and services offering. We are delighted to welcome Eurazeo as a new shareholder for this new chapter.”

Marc Frappier, Managing Partner of Eurazeo and Head of Eurazeo Capital, said: “We are delighted to start working with Questel throughout the next stage of its development. This investment is a perfect example of Eurazeo Capital’s strategy to support high-potential tech companies to grow and expand internationally. We strongly believe in Charles Besson and his team, their ability to innovate and the quality of their solutions. And when combined with the expertise Eurazeo Capital is able to provide, we are sure Questel will continue to develop in a very high growth market.”

Dan Soudry, Managing Partner at IK, and adviser to the IK VIII and IK IX Funds, said: “We are proud to support Charles Besson and his team to bolster Questel’s position as the leading provider of intellectual property solutions. Over the last two years, the group has tripled in size, driven by strong organic growth and a dynamic acquisition strategy that has helped Questel diversify its range of products and services and extend its geographic footprint. We firmly believe Questel demonstrates considerable growth potential and we are very pleased to continue the journey and support its management team for the next chapter.”

Mathieu Blanc, Managing Partner at RAISE Investissement, said: “We seek to support talented entrepreneurs over the long term and through every stage of their development. Charles Besson and his team have done remarkably well over recent years to make Questel one of the world’s leading provider of intellectual property solutions. Having worked with them since 2015, we are extremely proud today to renew our backing of their ambitious growth plan for a third time.”

For further questions, please contact:

Eurazeo
Pierre Bernardin
Head of Investor Relations
pbernardin@eurazeo.com
Tel: +33 (0)1 44 15 16 76

Virginie Christnacht
Head of Communications
vchristnacht@eurazeo.com
Tel: +33 (0)1 44 15 76 44

IK Investment Partners
France:
CTCom
Sibylle Descamps
sibylle.descamps@ct-com.com
Tel: +33 (0) 6 82 09 70 07

International:
Maitland/AMO
James McFarlane
jmcfarlane@maitland.co.uk
Tel: +44 (0) 7584 142 665

RAISE Investissement
Charlotte Doyen
charlotte.doyen@raise.com
Tel: +33 674791846

About Eurazeo
Eurazeo is a leading global investment company, with a diversified portfolio of €18.5 billion in assets under management, including nearly €12.9 billion from third parties, invested in over 430 companies. With its considerable private equity, venture capital, real estate, and private debt, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its nearly 300 professionals and by offering deep 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, London, Luxembourg, Frankfurt, Berlin and Madrid. Eurazeo is listed on Euronext Paris. ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €13 billion of capital and invested in over 130 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, please visit www.ikinvest.com

About RAISE Investissement
RAISE Investissement is a capital investment company set up by the RAISE group, founded by Clara Gaymard and Gonzague de Blignières. With €410 million of committed capital, the fund supports high growth medium-sized French companies that generate revenue of between €30 million and €500 million, by investing stakes of between €10 million and €50 million to help them grow. The RAISE group is built around a financing model that combines profitability with generosity as the investment teams (RAISE Investissement, RAISE REIM, RAISE Ventures, RAISE Impact and RAISE LAB) donate 50% of their earnings through the group profit sharing scheme to an internal endowment fund, RAISESHERPAS, which supports startups and helps them grow. This initiative, pioneering in France, creates a virtuous circle involving major corporations, institutional investors, medium-sized businesses and startups. For more information, visit www.raise.co/en/

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Hg agrees the sale of STP to Bregal Unternehmerkapital

HG Capital

Together Hg and management have strengthened STP’s position as a leading legal tech provider, empowering the digitisation of insolvency and legal practitioners

Karlsruhe, Germany and London, United Kingdom – 2nd November 2020: Hg, Europe’s leading software investor, today announces that it has agreed the sale of STP, a leading DACH-based provider of legal tech solutions, to Bregal Unternehmerkapital, part of a multi-generational family-owned business that specialises in majority and minority holdings in the DACH region. The terms of the transaction were not disclosed. The transaction is subject to customary anti-trust approvals and closing is expected later this year.

Founded in 1993 and headquartered in Karlsruhe, Germany, STP is a leading one-stop shop solution provider, empowering the digitisation of insolvency and legal practitioners. It provides a fully integrated legal tech platform comprising workflow automation, ERP software, specialist technical outsourcing and data businesses. STP’s solutions are deeply embedded in the insolvency ecosystem and commercial law segment, with a dedicated full-suite offering. The business employs around 200 people, serving over 1,800 customers with critical software and services for their daily workflow.

Hg first invested in STP in 2016, together with founder Gunther Thies, having done significant work across the legal technology sector. Hg recognised the business as a strong and unique platform, selling mission-critical software and services to a high number of loyal customers in the legal space. Since then Hg has worked with the STP team and helped strengthen the business’ position in legal tech in DACH.

“STP has significantly benefited from Hg’s support over the last four years, leveraging the knowledge they have in the software and legal tech space, whilst also benefitting from valuable best-practice sharing that is promoted across Hg’s network and over 30 tech portfolio businesses. We are very excited about our new partnership with Bregal Unternehmerkapital and together plan an acceleration of new product and service introductions to help our customers drive efficiency at the workplace.”

Uwe Richter, CEO at STP

“Today STP is in a great position, owed to the hard work of our team, our brilliant employees and strategic partners. Together with Hg we have significantly professionalised the business, overseen a number of accretive acquisitions and driven strategic growth across the business. I remain fully committed to the business and look forward to investing further into our product suite and unparalleled customer experience together with our chosen partner Bregal Unternehmerkapital.”

Gunther Thies, Founder of STP

“Bregal is excited about its partnership with STP which is another example of our strategy to provide entrepreneurial expertise as well as access to our network of industry experts to help management teams achieve their long term, sustainable growth goals. We are looking forward to working together with the whole team at STP, including the founder Gunther Thies, as well as our valuable customers including some of the most successful insolvency administrators and law firm professionals to bring new, exciting products to market.”

Florian Schick, Managing Partner at Bregal Unternehmerkapital

“We are happy to have been able to support STP on its growth journey and help strengthen its position as go-to legal tech provider, with decades of expertise and best-in-class software and solutions. It has been a real privilege to work with Gunther, Uwe, Frank, Harald and the team. We are delighted to leave the business in such capable hands for future growth.”

Stefan Margolis, Partner at Hg

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