DoubleVerify Announces $350 Million Investment from Group Led by Tiger Global Management

Providence

October 28, 2020

DoubleVerify Announces $350 Million Investment from Group Led by Tiger Global Management

New Investor Group Includes Fidelity, BlackRock, and Neuberger Berman; Providence to Remain Majority Investor

NEW YORK, Oct. 28, 2020 (GLOBE NEWSWIRE) — DoubleVerify (“DV”, the “Company”), a leading software platform for digital media measurement and analytics, today announced an agreement for a $350 million investment from an investor group led by Tiger Global Management (“Tiger”). Fidelity Management & Research Company LLC also participated in the round, together with funds and accounts managed by BlackRock, and funds advised by Neuberger Berman Investment Advisers LLC, among others. Providence Equity Partners (“Providence”), which invested in DoubleVerify in 2017, remains the majority investor.

The new investment will primarily be used to purchase shares from existing shareholders and a portion will be used to support continued growth in the business. The backing from the new investor group comes as DoubleVerify continues to innovate and invest in new growth areas including media performance optimization and Connected TV analytics.

“The support of these high caliber investors speaks to DoubleVerify’s momentum, including new customer growth, product innovation and global expansion,” said Mark Zagorski, Chief Executive Officer of DoubleVerify.

“We look forward to partnering with Mark and the entire DoubleVerify management team as the Company continues the growth of its business globally,” said John Curtius, Partner, Tiger Global.

“The DoubleVerify team has consistently executed across all levels of the business,” added Davis Noell, Senior Managing Director at Providence and Chairman of the Board at DoubleVerify. “We welcome the investment by Tiger and these other premier investment firms, and we are excited to continue to support the Company.”

DoubleVerify expects the new investment round to close in the fourth quarter of 2020. Earlier this month, the Company also refinanced its credit facility and entered into a new $150 million revolving credit facility, led by Capital One, N.A., of which only a portion is currently outstanding prior to the closing of this transaction.

J.P. Morgan and Goldman Sachs & Co. LLC acted as Joint Placement Agents on behalf of the Company and Providence.

About DoubleVerify
DoubleVerify is a leading software platform for digital media measurement, data, and analytics. DV’s mission is to be the definitive source of transparency and data-driven insights into the quality and effectiveness of digital advertising for the world’s largest brands, publishers, and digital ad platforms. DV’s technology platform provides advertisers with consistent and unbiased data and analytics that can be used to optimize the quality and return on digital ad investments. Since 2008, DV has helped hundreds of Fortune 500 companies gain the most from their media spend by delivering best in class solutions across the digital advertising ecosystem, helping to build a better industry. Learn more at www.DoubleVerify.com.

About Tiger Global Management
Tiger Global Management, LLC is an investment firm that deploys capital globally. The firm’s fundamentally oriented investments focus primarily on the global internet, software, financial technology, consumer and industrial sectors. The private equity strategy has a ten-year investment horizon and targets growth-oriented private companies. Such investments have included Spotify, Harry’s, Warby Parker, Peloton, JD.com, Facebook, LinkedIn, Yandex, Mail.ru Group, Despegar, Ola and Flipkart. The public equity efforts emphasize deep due diligence on individual companies and long-term secular themes. Tiger Global Management, LLC, was founded in 2001 and is based in New York with affiliate offices in Hong Kong, Singapore, Bangalore and Melbourne.

About Providence Equity Partners
Providence is a premier global private equity firm with more than $49 billion in capital under management. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm’s inception in 1989, Providence has invested in more than 200 companies and is a leading equity investment firm focused on the media, communications, education, software and services industries. Providence is headquartered in Providence, RI, and also has offices in New York and London. For more information, please visit www.provequity.com.

Media Contacts

DoubleVerify
Chris Harihar
Crenshaw Communications
chris@crenshawcomm.com

Providence Equity Partners
Andrew Cole / Hayley Cook / Kate Gorgi
Sard Verbinnen & Co
prov-svc@sardverb.com

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Privitar Announces New Integration with AWS Outposts

IQ Capital

LONDON & BOSTON–(BUSINESS WIRE)–Privitar, the leading data privacy platform provider, has announced a new integration with Amazon Web Services (AWS) Outposts that enables organizations to safely use sensitive data for analytics in the hybrid cloud. Through the integration, customers can leverage AWS native services in Outposts to easily deploy the Privitar Data Privacy Platform™ in both on-premise and cloud environments, then scale the solution as their data needs grow and evolve.

“The integration between Privitar and AWS Outpost takes a best practice approach to safely enabling sensitive data for analytics and provides a truly hybrid experience,” said Steven Totman, Privitar’s Chief Product Officer. “The integration makes it easy for organizations to protect the privacy of sensitive data in their own data centers while preserving its analytical utility, then safely shift the protected data into the cloud while complying with data privacy and data residency regulations. By applying privacy protections to the data whenever it is needed, Privitar is accelerating access to protected data and democratizing data usage for insights and analytics.”

AWS Outposts provides the benefit of cloud services in on premise data centers, extending AWS infrastructures, APIs and toolsets into on-premises and hybrid cloud workloads for smoother migrations and better performance outcomes, closer to home. Privitar’s powerful data privacy platform enables businesses to analyze their potentially sensitive data, use that data to gain valuable insights, and support data-driven decisions, while keeping that data safe at the same time.

The integration between Privitar and AWS Outposts increases the agility of sensitive data, optimizes its analytical value, reduces associated risks, and supports compliance requirements. This is of particular value to organizations that handle large quantities of personal or otherwise sensitive information (e.g. financial services, insurance, healthcare, telecommunications). Rather than locking sensitive data away and treating it as a liability, customers can protect their data by baking privacy in so they can take full advantage of AWS analytics and machine learning tools, deriving value as they leverage sensitive data as an asset.

Privitar’s privacy protections are applied to customer data in AWS Outposts, so raw sensitive data doesn’t leave their data center, and they remain in compliance with data privacy and sovereignty regulations. In addition, protected data sets are digitally watermarked with traceable and auditable metadata.

Privitar is an Advanced Technology Partner in the AWS Partner Network (APN), has achieved AWS Competencies in “Security” and “Data and Analytics,” and is featured in the AWS Marketplace.

For more information about Privitar’s partnership with AWS, visit: https://www.privitar.com/partners/aws.

For more information about the integration between Privitar and AWS Outposts, visit https://www.privitar.com/resources/aws-outposts-privitar.

About Privitar
Organizations worldwide rely on Privitar to realize the promise of one of their most valuable assets – safe, usable data.

Privitar empowers organizations to use sensitive data to gain valuable insights, and to support data-driven decisions. By delivering comprehensive data privacy techniques and streamlining data provisioning, Privitar enables enterprises to extract the maximum value from the data they collect, manage and use, while minimizing risk.

Founded in 2014, Privitar is headquartered in London, with regional headquarters in Boston and Singapore, a development center in Warsaw, and sales and services locations throughout the US and Europe. For more information, please visit www.privitar.com.

Originally published on Business Wire.

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Nordstjernan acquires additional shares in Momentum Group

Nordstjernan

THIS PRESS RELEASE IS NOT A PUBLIC OFFER OR AN OFFER TO ACQUIRE SHARES

Nordstjernan Aktiebolag (“Nordstjernan”) has today acquired 1 share of series B in Momentum Group AB (publ) (“Momentum Group”) for SEK 120 per share. Following the acquisition, Nordstjernan owns 495 848 shares of series A and 25 901 138 shares of series B in Momentum Group. Accordingly, Nordstjernan’s shareholding represents approximately 51.9 per cent of all shares and 51.0 per cent of all votes in Momentum Group.

The acquisition of additional shares in Momentum Group means that Nordstjernan, pursuant to the Swedish Act on Public Takeovers on the Stock Market (Sw. lagen (2006:451) om offentliga uppköpserbjudanden på aktiemarknaden) as well as the Swedish Securities Council’s rulings AMN 2019:42 and AMN 2020:14, is obliged to within four weeks make a public offer to acquire the remaining shares in Momentum Group (a so-called mandatory public offer) unless Nordstjernan within this four week period sells such number of shares that its shareholding represents less than three tenths of the voting rights for all shares in Momentum Group.

Nordstjernan’s intention is to fulfil its obligation to make a mandatory public offer and will announce this by way of a separate press release.

Further information

Nordstjernan submitted this press release for publication at 18:00 CET on October 28, 2020.

Peter Hofvenstam
President and CEO
Nordstjernan AB

Questions will be answered by:

Peter Hofvenstam, CEO, Nordstjernan
E-mail: peter.hofvenstam@nordstjernan.se

Stefan Stern, Head of Communications, Nordstjernan
Telephone: +46 70 636 74 17
E-mail: stefan.stern@nordstjernan.se

Nordstjernan is a family-controlled investment company whose business concept is to be an active owner that creates long-term value growth. More information about Nordstjernan can be found on www.nordstjernan.se.

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TZP Group Named to Inc.’s 2020 List of “The 50 Best Private Equity Firms for Entrepreneurs and Founders”

TZP Group

TZP Group, a multi-strategy private equity firm focused on the lower-middle market, announced today that it was named to Inc.’s “50 Best Private Equity Firms for Entrepreneurs.” TZP seeks to invest primarily in closely-held, private companies in which the owners desire to retain a significant stake and partner with an investor with complementary operating and financial skills to accelerate company growth, increase profitability, and maximize the value of their retained stake. This recognition underscores TZP’s commitment to being a “Partner of Choice” for owners and management teams.

Introduced in 2019, the 50 Founder-Friendly Private Equity Firms list has become a go-to guide for entrepreneurs who want to grow their companies while retaining an ownership stake. To compile the list, Inc. went straight to the source: entrepreneurs who have sold to private equity. Founders filled out a questionnaire about their experiences partnering with private equity firms and shared data on how their portfolio companies have grown during these partnerships.

“We are very proud of our people and the culture that has built TZP’s reputation as a Partner of Choice and are thankful to the many founders and entrepreneurs who have entrusted us as their partners,” said Sam Katz, Managing Partner of TZP Group.
“I get the chance to interact with many entrepreneurs who have relentless drive and want to build a business that fixes problems, improves a process, or makes the world a better place. But to do that, it often takes the backing from a private equity firm that will provide more than just financial backing. It takes wholeheartedly supporting that vision and treating the founders like partners,” says, Scott Omelianuk, editor-in-chief of Inc. media.

In addition, Inc. profiled TZP’s partnership with Jenny Zhu, founder of Triangle Home Fashions. The profile highlights the value-added nature of TZP’s partnership and the resulting growth achieved at the company. “TZP has been a great partner for me and my team,” said Ms. Zhu. “They have contributed in all of the areas that they said they would and invested in the tools and resources to help my company scale.”
Full Article: https://www.inc.com/magazine/202011/graham-winfrey/founder-friendly-private-equity-firms-2020.html
Jenny Zhu Profile: https://www.inc.com/magazine/202011/joe-bargmann/triangle-home-fashions-tzp-group-private-equity-2020.html

About TZP Group
TZP Group, a private equity firm with $1.7 billion raised since inception across its family of funds including TZP Capital Partners, TZP Small Cap Partners and TZP Strategies, is focused on control, growth equity and structured capital investments in business services and consumer companies. Founded in 2007, TZP targets companies with solid historical performance and sustainable value propositions and aims to be a “Partner of Choice” for business owners and management teams. TZP seeks to invest primarily in closely-held, private companies in which the owners desire to retain a significant stake and partner with an investor with complementary operating and financial skills to accelerate company growth, increase profitability, and maximize the value of their retained stake. TZP leverages its investment professionals’ operating and investment experience to provide strategic and operational guidance and is dedicated to long-term value creation.

For more information, please visit www.tzpgroup.com.
For more media inquiries please contact: Dan Gaspar, Partner | dgaspar@tzpgroup.com

About Inc.
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community they need to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

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Lexitas announces acquisition of Registered Agent Solutions Inc.

Apax

Enhances Lexitas’ offering to customers with strong service line expansion 

Houston, October 28, 2020 – Lexitas, a leading provider of high-quality services to the legal market, today announced that it has agreed to acquire Registered Agent Solutions Inc. (“RASi”), a leading U.S. provider of outsourced Registered Agent and corporate compliance services.

The acquisition will significantly enhance Lexitas’ service line, offering existing and potential customers access to Registered Agent representation, a requirement for businesses under nearly all U.S. state laws, as well as corporate compliance services, such as annual report filing, on a subscription basis.

In conjunction with the transaction, funds advised by Apax Partners, which acquired Lexitas in 2019, have committed additional capital to Lexitas to fund the acquisition of RASi. Terms of the transaction were not disclosed.

Founded in 1987, Lexitas is a leading national provider of legal support services to law firms and insurance companies in the U.S. and today its national sales force serves over 10,000 customers across 38 offices. The company has experienced significant growth in recent years and in the last year alone it completed six acquisitions, including Axiom Requisition and Lumen Legal.

RASi, which will be Lexitas’ seventh acquisition, is a leading middle-market registered agent service company, offering innovative technologies, competitive pricing and quality legal services. Founded by Sean Prewitt and Ricardo Orozco in 2002, RASi has grown rapidly and today the company has a presence in all 50 States, the District of Columbia and international jurisdictions, representing companies and law firms across the U.S. RASi’s subscription model provides a strong revenue trajectory and will add significant value to Lexitas’ existing service offering.

Gary Buckland, CEO of Lexitas, stated, “We are extremely excited and fortunate to have RASi become a part of Lexitas. Sean Prewitt and his team have built a company that has experienced dynamic growth and become a national market leader, fueled by its dedicated employees, technology, and unflagging dedication to providing outstanding services.”

Sean Prewitt, CEO of RASi, stated, “We are elated to be joining the family of Lexitas companies, which align with our commitment to both clients and employees, in providing a one stop legal services solution to both corporations and law firms.”

Ashish Karandikar, Partner at Apax Partners, said, “I am thrilled to see Sean and his team at RASi join forces with Lexitas, creating a company that can offer a full service value proposition to law firms and corporate customers in the U.S. Since we first partnered with Lexitas in 2019, the business has expanded rapidly through six acquisitions. By integrating RASi and adding a Registered Agent solution to its already comprehensive service line, Lexitas will be poised to excel and provide an even better service to customers.”

RASi was advised by Houlihan Lokey (financial adviser).

About Lexitas 

Founded in 1987, Lexitas is a leading national provider of legal support services to law firms, corporations, third-party administrators, and insurance companies. Services include medical record retrieval, court reporting, registered agent, legal staffing, document review and commercial contracts outsourcing. For more information visit https://lexitaslegal.com.

About RASi

Registered Agent Solutions, Inc. (RASi) is an innovative leader in the Registered Agent and transactional service industry.  RASi has provided quality corporate services to organizations small and large throughout the United States and internationally. RASi is the best value for registered agent and corporate services. For more information visit: www.rasi.com

About Apax Partners

Apax Partners is a leading global private equity advisory firm. Over its more than 40-year history, Apax Partners has raised and advised funds with aggregate commitments of approximately $50 billion. The Apax Funds invest in companies across four global sectors of Healthcare, Tech & Telco, Services, and Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see: www.apax.com.

Media Contacts

For Lexitas

Brenda Keith | +1 700-704-1184| brenda.keith@lexitaslegal.com

For Apax Partners

Katarina Sallerfors | +44 207 872 6526 | katarina.sallerfors@apax.com

Todd Fogarty, Kekst CNC | +1 212 521 4854 | todd.fogarty@kekstcnc.com

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New Darifair Foods headquarters a nod to growth

Arbor Investment

Oct. 28, 2020

Jacksonville-based Darifair Foods, a culinary and food science company, broke ground Oct. 27 on its 47,500-square-foot corporate headquarters and innovation center in Flagler Center in South Jacksonville.

Darifair CEO Andy Block called it a new era for the company.

“For five generations our family has owned and operated food and dairy companies, but the Darifair we know today is completely different than the one we started 35 years ago,” he said in a news release.

Darifair described the facility as “an integral part of Darifair’s future growth strategy since partnering with private equity firm Arbor Investments” in 2019.

“We’ve advanced in so many ways and Arbor supports our vision for continued innovation; this facility is a huge nod to that commitment.”

The Block family founded and continues to lead the privately owned Darifair.

Arbor Investments, with offices in Chicago and New York, announced May 1, 2019, that it invested in the company.

Arbor Investments, founded in 1999, is a private equity firm focused on acquiring premier companies in the food, beverage and related industries. It has acquired or invested in more than 80 companies in North America.

The Darifair headquarters and center are under development at 13129 Flagler Center Blvd. at northeast Gran Bay Parkway and Flagler Center Boulevard.

The Flagler Center office and industrial park is south of Old St. Augustine Road between Interstate 95 and Philips Highway.

Jacksonville-based Stellar is designing and constructing the facility, which is expected to be completed in late 2021.

Darifair limited the groundbreaking event to company department heads and a few key members from Arbor Investments and Stellar. Darifair employees could watch remotely.

Block said the family has a rich history in food innovation, “stretching back to the 1940s when Aaron Block co-founded Reddi-wip in Jacksonville, Florida.”

He said that in the 1960s, Max Block started the first ultra-high temperature dairy plant in the U.S., extending the shelf life of dairy products from 14 to 60 days.

The release said that when Darifair was founded in 1985, it was chartered as the first National Dairy Supplier.

“Today, still under Block family leadership, Darifair has expanded its offerings, developing culinary and food science-focused solutions for restaurants and manufacturers,” said the release.

Arbor Investments partner Alan Weed said the group has “a history of making transformative investments in our portfolio companies.”

“Green-fielding a new headquarters demonstrates just how bullish we are about the future of Darifair,” he said, referring to new construction.

“This showpiece facility will not only help accelerate Darifair’s already impressive track record of growth, but continue the legacy the Block family has built,” he said.

The release said the Innovation Center’s research and development lab is the project’s most compelling aspect.

The lab features a working test kitchen and separate show kitchen, a pilot plant, a quality control lab and an integrated sensory and market research department.

“This Innovation Center cements our leadership in the industry,” Block said.

He said the building will enable the Darifair team and customers to develop and test product-specific applications “at unparalleled speed, while delivering unrivaled access to market data and consumer insights so pivotal to product development.”

Darifair Foods produces and supplies dairy products such as creams, cottage cheese, yogurt, fluid creamers, milk, ice creams, yogurt smoothies, sauces and other dairy products to clients in the U.S.

Darifair said it is a “leading culinary partner offering up insight-driven concepts and breakthrough food solutions for restaurants, retailers, and manufacturers in the United States.”

Block said Darifair has the talent and technology and soon will have the facility “to deliver food innovations of tomorrow.”

The new headquarters will house functions that include marketing, sales, customer service, R&D, finance, supply chain and IT.

The areas will include new offices, “socially distanced workstations, spacious meeting rooms, and a large rooftop entertaining area,” the release said.

Darifair President Midd McManus said the company is building with workforce growth in mind.

“This new facility provides us with space to support our future organizational needs for many years to come,” he said.

Darifair has 58 employees and the company said it plans for growth and will be hiring.

Darifair paid $2.1 million Jan. 23 for the Flagler Center development site.

The city issued a foundation permit Aug. 18 and a building permit Sept. 28 for the structure on about 5.06  acres.

The permit shows a $13 million construction cost.

Darifair is based in Mandarin at 4131 Sunbeam Road, where it occupies a 13,500-square-foot office building.

Darifair’s online history says that in 1948, Aaron Block and Aaron Lapin co-founded Reddi-wip in Jacksonville.

Lapin, in St. Louis, invented Reddi-wip and Block became the Southeast manufacturer and supplier.

 

https://www.jaxdailyrecord.com/article/new-darifair-foods-headquarters-a-nod-to-growth

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airteam wins ventilation contract in connection with the construction of the Multibrugerhuset with associated towers outside Copenhagen

Ratos

airteam has won a major ventilation contract for the construction of the so called Multibrugerhuset with associated towers at Posthusgrunden (a former post office building) in Værløse just outside of Copenhagen.

The project to construct the Multibrugerhuset building and the towers includes the construction of office buildings, residential units, hotel apartments, retail units and a health centre in the town of Værløse on the outskirts of Copenhagen. The total project encompasses an area of approximately 92,000 square metres. airteam’s contract includes the delivery and installation of many large-scale, central ventilation systems.

“The complexity of the project demands extensive professional expertise in which we focus on sustainable solutions, low energy consumption and a healthy indoor climate. We appreciate the trust we have received and we look forward to helping to shape a new district in the heart of Copenhagen in close collaboration with the customer,” says Poul Pihlmann, CEO of airteam.

“The award of this project highlights once again airteam’s strong position in the Danish market. The high level of quality and customer satisfaction that airteam has demonstrated in its projects has resulted in the company taking part in tenders for the largest ventilation contracts in Denmark, which is highly gratifying,” says Christian Johansson Gebauer, Board Chairman of airteam and Head of Business Area Construction & Services at Ratos.

The project will be completed in 2024.

For further information, please contact:
Christian Johansson Gebauer, Head of Business Area Construction & Services, Ratos, +46 8 700 17 00
Helene Gustafsson, Head of IR and Press, Ratos, +46 70 868 40 50, helene.gustafsson@ratos.com

 

About airteam:
airteam offers high-quality, effective ventilation solutions in Denmark and Sweden. With the most talented employees in the industry, airteam develops advanced systems for a wide range of industries and is solely focused on ventilation, unlike certain competitors. The company focuses on project development, project management and procurement where the projects, to a large extent, are carried out by a broad network of quality-assured subcontractors. Furthermore, airteam offers maintenance and service of its installed ventilation solutions.

About Ratos:
Ratos is a business group consisting of 12 companies divided into three business areas: Construction & Services, Consumer & Technology and Industry. In total, the companies have SEK 38 billion in sales and EBITA of SEK 1.8 billion. Our business concept is to develop mid-sized companies headquartered in the Nordics that are or can become market leaders. We enable independent mid-sized companies to excel by being part of something larger. People, leadership, culture and values are key focus areas for Ratos. Everything we do is based on Ratos’s core values: Simplicity, Speed in Execution and It’s All About People.

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C5 Capital invests in Panoply to Revolutionize the Data Analytics Stack

C5 Capital

Today, we are thrilled to announce C5 Capital’s latest investment in Panoply, the world’s first all-in-one cloud data platform, based in San Francisco and Tel Aviv. The new $10 million investment by C5 Capital and Ibex Investors will enable Panoply to expand its sales and marketing efforts and power the next phase of international growth.

Panoply’s innovative cloud data platform combines data warehousing and code-free data integrations. By simplifying ETL and data warehouse management, Panoply makes best-in-class data analysis accessible to teams of all sizes. This is a revolutionary capability in democratising the creation and management of data infrastructure.

Given the accelerated rates of enterprise digital transformation and cloud adoption in 2020, data has become an increasingly strategic asset for businesses to gain a competitive advantage. Panoply’s technology enables customers to ingest data from a wide variety of inputs including Salesforce, HubSpot, NetSuite, Xero, Quickbooks, Freshworks, major BI and analytics tools, and data warehousing services such as Google’s BigQuery or Amazon’s Redshift. The technology makes it easy for users to analyze this data using standard SQL queries, enabling AI applications and new opportunities to derive value from data-driven decision making.

Our new commitment follows C5’s initial investment in 2017, and underscores our confidence in today’s booming market for data warehousing and analytics services. Panoply is a standout among competitors as provides the only all-in-one platform solution. 

At C5 Capital, we look not only for companies with substantial growth potential, but for investments where we can serve an active partner and power international expansion to help our portfolio companies succeed. We look forward to working with the Panoply team and board of directors in their next phase of market leadership.

 

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Naxicap Partners has acquired Eureka Education Group, a major player in private professional and higher education, from Abénex and the Finoli Group

Naxicap

Partnered with majority shareholder Abénex since 2018, Eureka Education has today issued a statement on its ongoing growth strategy alongside Naxicap Partners, an affiliate of Natixis Investment Managers*.
On completion of the deal, Abénex and the Finoli Group will transfer their interest to Naxicap Partners, which will hold a majority of the group’s capital alongside managers, who are reinvesting in the deal.

Eureka Education is now a major player in private professional and higher education through its three education verticals: Silvya Terrade (beauty, cosmetics, fragrances, and hairdressing); Euridis Business School (complex B2B sales and negotiations); and SupTertiaire (real estate and social housing). Drawing on the skills of more than 1,000 teachers, the group hosts nearly 10,000 students each year for training programmes from high-school to BAC+5 on more than 50 campuses in France and Switzerland. The training courses are fully recognised by the state and professional branches and are based on Education Nationale diplomas (BAC, BTS, etc.) as well as RNCP and CQP qualifications from levels 1 to 5 (V to I in the French nomenclature).

Since its acquisition by Abénex in April 2018, the group has implemented an ambitious buy-and-build strategy with the completion of nearly 20 external growth deals, allowing for the strengthening of Silvya Terrade’s historic leadership and the addition of two new high-growth divisions (Euridis Business School and SupTertiaire).

The Group aims to pursue its organic and external growth strategy in France and in Europe by expanding its existing network of schools, acquiring schools in new education verticals, and increasing investments in the digitisation of content and teaching methods.
Bernard de Sagazan, head of Eureka Education, says, ‘We are very pleased to welcome Naxicap Partners with which we share an ambitious vision of the group’s development. This will allow us to continue to develop our training catalogue according to market needs and better understand the many recent developments in our sector such as the rise in apprenticeship and the arrival of CPF in its new form’.
Antoine Houël, a partner at Abénex, adds, ‘We are proud to have supported Eureka Education Group management during this impressive expansion phase. Eureka is now a major player in education in France, operating three renowned schools, recognised both for the quality of their teaching and their ability to facilitate students’ entry into ambitious career paths. We wish the new shareholders and management every success in continuing this way’.

‘Naxicap Partners is pleased to announce the acquisition of a majority stake in Eureka Education Group alongside Bernard de Sagazan and his teams. The group’s expertise and unique position as well as the quality of its management team make this a rare investment opportunity in the sector’, said Eric Aveillan, Chairman of the Executive Board at Naxicap Partners.

Contacts:
Eureka Education: Bernard de Sagazan
Legal – Corporate: Hugot Avocats (Olivier Hugot, Farrah Ducher)
Legal – Management: Jeausserand Audouard (Erwan Bordet, Eléonore Gaulier)
Financial Adviser – managers: Oloryn Partners (Eric Lesieur, Cyrille Leclerc)
Financial VDD: KPMG (Damien Moron, Sophie Dervain, Charles-Boris Pavard)
Finoli Group: Grégory Declercq, Pierre Juhen
Legal – M&A: Jeausserand Audouard (Erwan Bordet, Eléonore Gaulier)
M&A Adviser: Rothschild & Co. (Pierre Sader, Augustin Delouvrier)
Abénex: Antoine Houël, Karim Hoebanx
Legal – M&A: McDermott, Will & Emery (Grégoire Andrieux, Louis Leroy, Lucas Tabouret)
M&A Adviser: Rothschild & Co. (Pierre Sader, Augustin Delouvrier)
Naxicap Partners: Eric Aveillan, Laurent Sallé, Aurélien Dorkel, Simon Ricque, Agathe Baujard, Mouncef Daifallah, Corentin Desbois
Legal – M&A and Corporate: Edge Avocats (Matthieu Lochardet, Claire Baufine-Ducrocq)
Legal – Tax: Keels Avocats (Laurent Partouche, Hélène Leclère, Adélie Louvigné)
Legal – Financial: Mayer Brown (Patrick Teboul, Marion Minard, Julien Leris)
M&A Adviser: Clearwater (Thomas Hamelin – Edmond de Rothschild Corporate Finance since 01/09/2020, Sophie Lerond), Lazard (Charles Andrez)
Financial Adviser: Clearwater (Laurence de Rosamel, Paul Assael)
Financial Due Diligence: Exelmans (Stéphane Dahan, Manuel Manas, Rodolphe Savary De Beauregard)
Legal, Tax and Social Due Diligence: Edge Avocats (Matthieu Lochardet, Claire Baufine-Ducrocq)
Strategic Due Diligence: Indefi (Julien Berger, Mehdi Belefqih, Adam Laissaoui)
Financing: Barings (Alice Foucault, Benjamin Gillet, Rana Misirlizade)
Barings Legal: Nabarro & Hinge (Jonathan Nabarro)

About Eureka Education
Eureka Education is the leading institution in the field of professional education in France and Switzerland. Every year, the Group provides over 10.000 students with a large array of courses ranging from French BAC (A-Level) to Master’s degrees across a proprietary network of 50 campuses and employed more than 1.000 teachers and administrative staff.
Building on strong and diversified fundamentals, as well as strenghtened financial capabilities, Eureka Education ambitions to further enhance its position as leading consolidation platform for high-employement professional schools in France and in Europe.
www.eureka-education.fr

About Naxicap Partners
As one of the top private equity firms in France, Naxicap Partners – an affiliate of Natixis Investment Managers* – has €3.5 billion in assets under management. As a committed, responsible investor, Naxicap Partners builds solid, constructive partnerships with entrepreneurs so that their projects can succeed. The firm has 39 investment professionals spread across five offices in Paris, Lyon, Toulouse, Nantes and Frankfurt.
For more information, visit www.naxicap.fr/en

About Natixis Investment Managers*
Natixis Investment Managers serves financial professionals with more insightful ways to construct portfolios. Powered by the expertise of more than 20 specialized investment managers globally, we apply Active Thinking® to deliver proactive solutions that help clients pursue better outcomes in all markets. Natixis Investment Managers ranks among the world’s largest asset management firms1 with more than $1 trillion assets under management2 (€906.0 billion).
eadquartered in Paris and Boston, Natixis Investment Managers is a subsidiary of Natixis. Listed on the Paris Stock Exchange, Natixis is a subsidiary of BPCE, the second-largest banking group in France. Natixis Investment Managers’ affiliated investment management firms include AEW; Alliance Entreprendre; AlphaSimplex Group; DNCA Investments;3 Dorval Asset Management; Flexstone Partners; Gateway Investment Advisers; H2O Asset Management; Harris Associates; Investors Mutual Limited; Loomis, Sayles & Company; Mirova; MV Credit; Naxicap Partners; Ossiam; Ostrum Asset Management; Seeyond; Seventure Partners; Thematics Asset Management; Vauban Infrastructure Partners; Vaughan Nelson Investment Management; Vega Investment Managers;4 and WCM Investment Management. Additionally, investment solutions are offered through Natixis Investment Managers Solutions, and Natixis Advisors offers
other investment services through its AIA and MPA division. Not all offerings available in all jurisdictions. For additional information, please visit Natixis Investment Managers’ website at im.natixis.com
| LinkedIn: linkedin.com/company/natixis-investment-managers.
Natixis Investment Managers’ distribution and service groups include Natixis Distribution, L.P., a limited purpose broker-dealer and the distributor of various U.S. registered investment companies for which advisory services are provided by affiliated firms of Natixis Investment Managers, Natixis Investment Managers S.A. (Luxembourg), Natixis Investment Managers International (France), and their affiliated distribution and service entities in Europe and Asia.
1 Cerulli Quantitative Update: Global Markets 2020 ranked Natixis Investment Managers as the 17th largest asset manager in the world based on assets under management as of December 31, 2019.
2 Assets under management (“AUM”) as of June 30, 2020 is $1,017.7 billion. AUM, as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers.
3 A brand of DNCA Finance.
4 A wholly-owned subsidiary of Natixis Wealth Management.

About Abénex
Founded in 1992, Abénex is a historical player in French private equity market, specialized in growth and buyout transactions both as a minority and majority shareholder. Independent for more than 10 years, Abénex operates in three segments of private equity: Smallcaps, Midcaps and Real-estate.
In Small and Midcap segments, Abénex is a long-term investor partnering with entrepreneurs and founding families, and operationally-involved in growth and operational optimization projects. Abénex is committed to the Management team’s success, providing them with a fully dedicated operational team to support their projects of transformation and external growth strategy. Abénex invests in SMEs valued up to €50m in Smallcaps and between €50m and €500m in Midcaps.
The team is composed of 30 professionals with demonstrated and renowned expertise, located in Paris and Lyon.
Abénex is approved by the AMF (Autorité des Marchés Financiers) to manage FPCI (Fonds Professionnels de Capital Investissement) and OPCI (Organismes de Placement Collectif Immobilier) funds.
www.abenex.com

About Groupe Finoli
Groupe Finoli is a French industrial conglomerate founded in 2008 by MM Pierre Juhen and Grégory Declercq, with a strong track record of supporting long-term development projects and values. Groupe Finoli currently operates in the fields of healthcare, beauty and wellness, through its main subsidiaries PATYKA, the leading French organic skincare brand, and NUTRIMUSCLE, European leader in the field of food supplements dedicated to high-intensity ahtletes.

Press contacts

Naxicap Partners
Valérie Sammut – Tel: 04 72 10 87 99
valerie.sammut@naxicap.fr
Abenex
Antoine Houël – Tel : 01 53 93 69 18
antoine.houel@abenex.com

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Nemera boosts parenteral product portfolio and small series capabilities in latest acquisition

Montagu

This acquisition strengthens Nemera’s proprietary product offering and establishes operations footprint in Eastern Europe.

Nemera today announced that they have entered into an agreement to acquire Copernicus. Copernicus, based in Szczecin Poland, specializes in the development and manufacturing of injection devices. Their range of reusable and disposable pen injectors are tailored for the treatment of several chronic pathologies.

We’re about to write a new chapter of Nemera’s growth story and I’m really excited about our bright future.

Marc Hämel, CEO of Nemera

Founded in 2004, Copernicus is regarded as one of the most valued innovative companies in the Polish health sector. They provide a comprehensive range of services in the introduction of modern and intuitive parenteral drug delivery devices.

This acquisition reinforces Nemera’s vision of becoming the most patient-centric drug device combination solutions company. It bolsters the company’s small series production capabilities, R&D expertise and parenteral product offering. Most importantly it expands their overall proprietary product portfolio. Copernicus’s fast and agile clinical manufacturing, adapted for small series, complements Nemera’s historical large-scale manufacturing capabilities. Furthermore, Copernicus’s marketed reusable pen injectors are of great value from a sustainability standpoint.

With this acquisition Nemera establishs an operations footprint in Eastern Europe. In order to accompany Copernicus’s solid forecasted growth, they will work together to build a new state-of-the-art manufacturing facility in Szczecin, Poland.

Marc Hämel, CEO of Nemera said, “This acquisition is a great strategic and cultural fit for us. Copernicus’ strong focus on patient needs aligns perfectly with our purpose of always putting the patient at the center of everything we do. We’re about to write a new chapter of Nemera’s growth story and I’m really excited about our bright future”.

“Nemera’s unaltered focus on patient needs and passion to develop combination product solutions of the future convinced us that this was the right next step. We’re thrilled to join Nemera and together make products that truly improve patients’ lives” added Alberto Lozano, CEO of Copernicus.

Montagu first partnered with Nemera in its 2014 carve-out from Rexam.  Montagu reinvested in the business in 2019 supporting its ambitious organic and acquisitive growth plans.

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