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Q Acquires TBL Performance Plastics

3I

SOLON, OH, October 2019 – Q announced today that it has entered into an agreement to acquire TBL Performance Plastics, Sparta, NJ, a leading manufacturer of single-use bio-process components and systems including fittings, tubing, single-use assemblies, and fabrication.

TBL represents a strategic acquisition for Q’s Biopharma Business, creating a flexible and multi-faceted biopharma component and single-use assembly manufacturer with North American and European production and distribution centers.

Together, Q and TBL will offer an in-depth suite of development and manufacturing services, material technologies, and industry expertise. The combined business will also offer complete product lifecycle management with cleanroom assembly and packaging services.

Thomas J. Hook, Chief Executive of Q, commented: “We are delighted to have reached this agreement to purchase TBL. The businesses are highly complementary and the acquisition represents a critical milestone in building Q’s Biopharma Business. It will significantly enhance the value we can deliver to our North American customer base.”

P. Robert DuPont Jr., CEO of TBL, added, “We are excited to be working with Q to build an industry-leading Single-Use Technology (“SUT”) business. Q’s operational excellence, synergistic capabilities, and silicone products are powerful resources. Combined with TBL’s portfolio of other non-metallic products and services for the biotech industry, our companies are strategically aligned as key players in the industry. The alignment will benefit our customers by providing them with a greater global network, product development, and manufacturing capabilities.”

Richard Relyea, Managing Director 3i North America, commented: “3i is pleased to support Q in this strategic acquisition of TBL. The combination further supports our commitment to expanding our offering in the biopharma market. We will continue to invest to further expand our capabilities, geographic footprint and differentiated products to better support our global customer base.”

About Q
Q provides world class engineered and elastomeric solutions for the global life sciences, automotive,
and industrial markets. With Centers of Excellence in North America, Mexico, Europe, the Middle East,
India and China, Q goes to market in the life sciences as Silicone Altimex and Q Medical Devices (Qure,
Degania, Biometrix, Arthesys) and in electrical management as Quality Synthetic Rubber (QSR).

About TBL
TBL Performance Plastics manufactures non-metallic single-use products tailored for biopharmaceutical
manufacturers, CMOs, drug development companies and related OEMs. TBL offers industry-leading
expertise in developing non-metallic fluid transfer and storage products with a heavy focus on quality,
regulatory compliance, and meeting the application-specific needs of our clients.

-END-

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CapMan Real Estate invests in retail and office property in the development area of Grønttorvet in Copenhagen

CapMan Real Estate press release                    7 October 2019 at 9.00 a.m. EEST

CapMan Real Estate invests in retail and office property in the development area of Grønttorvet in Copenhagen

CapMan Real Estate II Fund has acquired a retail and office property with development potential from Chris Invest A/S.

The property has a total of 7,194 sqm leasable area and was constructed as an industrial building in 1959. The property has an attractive location in Valby, next to the 160,000 sqm development area of Grønttorvet. By 2021 the area will include approx. 2,000 residential units and 30,000 sqm office and retail space. A new metro station will be opened in the area in 2024, only a few minutes’ walk from the property.

“The property has significant refurbishment potential and an excellent location at the entrance of Grønttorvet. Our strategy is to redevelop the property into modern retail while respecting the old architecture of the building. We intend to make similar investments in retail and office properties with development potential”, comments Peter Gill, Investment Director at CapMan Real Estate.

The property is the fifteenth acquisition of the €425 million Nordic Real Estate II fund raised in 2017. The focus of the fund is to invest mainly in office, retail and residential properties located in established submarkets of major Nordic cities.

HLM Management has been assisting CapMan Real Estate on this deal and will also be working as an asset manager on the deal going forward.

CapMan Real Estate includes 38 dedicated professionals in the field of investment, asset management and property management. CapMan’s current real estate volume under management is over EUR 2.5 billion.

For further information, please contact:

Peter Gill, Investment Director, CapMan Real Estate, tel. +45 20 43 55 63

CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. Our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, fundraising advisory, and analysis, reporting and wealth management services. Altogether, CapMan employs 140 people in Helsinki, Stockholm, Copenhagen, London, Moscow and Luxembourg.

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Q Acquires TBL Performance Plastics

3I

SOLON, OH, October 2019 – Q announced today that it has entered into an agreement to acquire TBL Performance Plastics, Sparta, NJ, a leading manufacturer of single-use bio-process components and systems including fittings, tubing, single-use assemblies, and fabrication.

TBL represents a strategic acquisition for Q’s Biopharma Business, creating a flexible and multi-faceted biopharma component and single-use assembly manufacturer with North American and European production and distribution centers.

Together, Q and TBL will offer an in-depth suite of development and manufacturing services, material technologies, and industry expertise. The combined business will also offer complete product lifecycle management with cleanroom assembly and packaging services.

Thomas J. Hook, Chief Executive of Q, commented: “We are delighted to have reached this agreement to purchase TBL. The businesses are highly complementary and the acquisition represents a critical milestone in building Q’s Biopharma Business. It will significantly enhance the value we can deliver to our North American customer base.”

P. Robert DuPont Jr., CEO of TBL, added, “We are excited to be working with Q to build an industry-leading Single-Use Technology (“SUT”) business. Q’s operational excellence, synergistic capabilities, and silicone products are powerful resources. Combined with TBL’s portfolio of other non-metallic products and services for the biotech industry, our companies are strategically aligned as key players in the industry. The alignment will benefit our customers by providing them with a greater global network, product development, and manufacturing capabilities.”

Richard Relyea, Managing Director 3i North America, commented: “3i is pleased to support Q in this strategic acquisition of TBL. The combination further supports our commitment to expanding our offering in the biopharma market. We will continue to invest to further expand our capabilities, geographic footprint and differentiated products to better support our global customer base.”

About Q
Q provides world class engineered and elastomeric solutions for the global life sciences, automotive,
and industrial markets. With Centers of Excellence in North America, Mexico, Europe, the Middle East,
India and China, Q goes to market in the life sciences as Silicone Altimex and Q Medical Devices (Qure,
Degania, Biometrix, Arthesys) and in electrical management as Quality Synthetic Rubber (QSR).

About TBL
TBL Performance Plastics manufactures non-metallic single-use products tailored for biopharmaceutical
manufacturers, CMOs, drug development companies and related OEMs. TBL offers industry-leading
expertise in developing non-metallic fluid transfer and storage products with a heavy focus on quality,
regulatory compliance, and meeting the application-specific needs of our clients.

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Q Acquires TBL Performance Plastics

3I

SOLON, OH, October 2019 – Q announced today that it has entered into an agreement to acquire TBL Performance Plastics, Sparta, NJ, a leading manufacturer of single-use bio-process components and systems including fittings, tubing, single-use assemblies, and fabrication.

TBL represents a strategic acquisition for Q’s Biopharma Business, creating a flexible and multi-faceted biopharma component and single-use assembly manufacturer with North American and European production and distribution centers.

Together, Q and TBL will offer an in-depth suite of development and manufacturing services, material technologies, and industry expertise. The combined business will also offer complete product lifecycle management with cleanroom assembly and packaging services.

Thomas J. Hook, Chief Executive of Q, commented: “We are delighted to have reached this agreement to purchase TBL. The businesses are highly complementary and the acquisition represents a critical milestone in building Q’s Biopharma Business. It will significantly enhance the value we can deliver to our North American customer base.”

P. Robert DuPont Jr., CEO of TBL, added, “We are excited to be working with Q to build an industry-leading Single-Use Technology (“SUT”) business. Q’s operational excellence, synergistic capabilities, and silicone products are powerful resources. Combined with TBL’s portfolio of other non-metallic products and services for the biotech industry, our companies are strategically aligned as key players in the industry. The alignment will benefit our customers by providing them with a greater global network, product development, and manufacturing capabilities.”

Richard Relyea, Managing Director 3i North America, commented: “3i is pleased to support Q in this strategic acquisition of TBL. The combination further supports our commitment to expanding our offering in the biopharma market. We will continue to invest to further expand our capabilities, geographic footprint and differentiated products to better support our global customer base.”

About Q
Q provides world class engineered and elastomeric solutions for the global life sciences, automotive,
and industrial markets. With Centers of Excellence in North America, Mexico, Europe, the Middle East,
India and China, Q goes to market in the life sciences as Silicone Altimex and Q Medical Devices (Qure,
Degania, Biometrix, Arthesys) and in electrical management as Quality Synthetic Rubber (QSR).

About TBL
TBL Performance Plastics manufactures non-metallic single-use products tailored for biopharmaceutical
manufacturers, CMOs, drug development companies and related OEMs. TBL offers industry-leading
expertise in developing non-metallic fluid transfer and storage products with a heavy focus on quality,
regulatory compliance, and meeting the application-specific needs of our clients.

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Baird Capital and Council Capital Exit emids

Baird Capital

Baird Capital and Council Capital Exit emids

NASHVILLE, TN – September 26, 2019 – Council Capital, a healthcare-focused private equity firm based in Nashville, and Baird Capital, the direct private investment arm of Baird based in Chicago, announced today that they have sold their stakes in emids to New Mountain Capital. Terms of the transaction were not disclosed. Both firms initially invested in emids in 2013.

emids is a global provider of technology services and solutions for healthcare payers and providers. The company’s services include consulting, custom application development, and data solutions that support EHR application deployment and management, analytics, data integration and governance, software development and testing, and business intelligence. emids is headquartered in Nashville.

Since 2013, emids has grown exponentially by expanding its offerings, growing its customer base, and acquiring Encore Health, which expanded its coverage in the provider market. emids’ success has been reinforced by its outstanding team, who are responsible for emids consistently achieving strong KLAS ratings – the standard for assessing vendor quality in the healthcare market.

“We sincerely enjoyed partnering with the team at emids and are excited for the company to continue its growth,” said Grant Jackson, Managing General Partner at Council Capital. “emids is well positioned to continue to capitalize on the tremendous opportunities within the healthcare information technology services sector, and we are confident that the company will continue to thrive in partnership with New Mountain Capital.”

“We consider ourselves fortunate to have worked with emids and its talented leadership team over the last six years,” said Jim Pavlik, Partner at Baird Capital. “We are proud of emids’ growth and leadership in enabling digital transformation in the healthcare industry and are excited about the company’s opportunity to drive further innovation and value for its clients in its next phase of growth.”

Saurabh Sinha, Founder and CEO of emids, added, “We have appreciated our partnership with Council Capital and Baird Capital over the last six years. Fast-growing companies don’t have trouble accessing capital. What I needed was access to proven company builders who share best practices, open doors to fuel growth and are people I trust to have the company’s best interests at heart. Both Council and Baird delivered on this for us.”

About Baird Capital

Baird Capital makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world. Having invested in more than 300 companies over its history, Baird Capital partners with entrepreneurs and, leveraging its executive networks, strives to build exceptional companies. Baird Capital provides operational support to its portfolio companies through teams on the ground in the United States, Europe and Asia, a proactive portfolio operations team and a deep network of relationships, which together strive to deliver enhanced shareholder value. Baird Capital is the direct private investment arm of Robert W. Baird & Co. Incorporated. For more information, please visit BairdCapital.com.

About Council Capital

Council Capital is a healthcare-focused private equity firm based in Nashville, Tennessee. Council Capital invests in lower middle market healthcare-related companies where it can drive growth by applying its Council Model, which draws upon the resources and experience of its CEO Council (experienced industry executives), Strategic Healthcare Investors, and Shared Portfolio Executives. Council Capital leverages its Council Model to attract and support leading management teams and portfolio companies on the ‘right side’ of change in the healthcare industry – where growth will accelerate as cost pressure and quality demands increase. Council Capital targets control and minority investments with enterprise values between $10 million and $50 million. For more details, please visit www.councilcapital.com.

About emids

emids is a global provider of healthcare technology expertise and consulting services and solutions that serves payers, providers and tech enablers. Headquartered in Nashville, emids helps bridge the critical gaps in accessible, affordable, high-quality healthcare by providing advisory consulting services, custom application development and data solutions. Services include EHR application deployment and management, analytics, data integration and governance, software development and testing, and business intelligence. Visit www.emids.com.

Baird Capital

414-298-5101
www.bairdcapital.com

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Loopia acquires Binero Group’s mass hosting business to further strengthen its leading position in the Swedish market

Axcel

Loopia has signed an agreement with Binero Group AB (publ.) to acquire its web hosting business in Sweden and Germany. The business provides web hosting and domain registrations to small and medium sized companies and consumers and will be carved out in a transaction expected to close on August 31, 2019. For Loopia, this is another step towards having the scale to provide an even better user experience for our many customers.

The business that Loopia is acquiring offers web hosting and domain registration to small and medium size enterprises and consumers in a subscription model. The customer base and services fit well into the Loopia Group and the combined team will join forces to pursue Loopia’s ambition to deliver a superior user experience, technological innovations and outstanding local support to our customers. The purchase price was approximately SEK 380 million.

– ​We are excited to welcome employees and customers alike into the Loopia Group. Combined, we will be a clear leader in Sweden and stronger in Germany. This strengthens our capacity to invest in creating the best user experience for our many customers, says Sara Laurell, CEO of Loopia Group.

Loopia Group is an innovative European web services and hosting business with operations in Sweden, in Central Eastern Europe, and across Western Europe. This is a milestone in Loopia Group’s growth journey and follows the acquisitions of .SE Direkt with 116,000 domains in Sweden on February 12, 2019 and of WebSupport – the #1 provider in Slovakia – on March 31, 2019.

Since June 2018, Loopia Group has been owned by Axcel, a Nordic private equity firm focusing on mid-market companies. ABG Sundal Collier acted as exclusive financial adviser in the transaction.

For more information, please contact:
Sara Laurell
CEO Loopia Group
+46 72 708 4848
sara.laurell@loopiagroup.com

About Loopia Group
Loopia is an innovative European web services and hosting business with its largest operations in Sweden, in the Czech Republic with Active24 and WebSupport in Slovakia. Loopia also provides services to customers in Germany, Great Britain, the Netherlands, Norway, Serbia and Spain.

For more information, click here.

About Binero Group
Binero Group is a Swedish company with a broad range of services within hosting and cloud solutions. The share is traded on Nasdaq First North, ticker BINERO

For more information, click here.

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JOHBECO acquires the Finnish fish and seafood specialist Arvo Kokkonen

Litorina

The Swedish fresh food specialist group JOHBECO, which includes Johan i Hallen and Bergfalk & Co, strengthens its position in Finland by acquiring the Finnish fish and seafood specialist Arvo Kokkonen Oy. Thanks to this partnership, Arvo Kokkonen can now also offer its customers in Finland a complete range of high-quality meat and delicatessen products.

Arvo Kokkonen offers a complete range of fresh and frozen fish and seafood products and holds a strong position in Finland, having been operating in this sector for 40 years. The aim is to offer a varied assortment of environmentally certified products to customers throughout Finland. Arvo Kokkonen is established in Vantaa, just outside Helsinki, and Nurmes, in eastern Finland. Thousands of kilos of fish and seafood are transported daily from Vantaa to restaurants, shops and wholesalers. Thanks to its facility at Nurmes, located beside a lake, the company has access to a variety of freshwater fish and extensive experience from its own smokehouses.

Jari Kokkonen, CEO of Arvo Kokkonen Oy, feels positive about the new collaboration.
“We noted early in the discussions that we share the same opinions and passion for what we do. Being part of a larger group will make it easier for our customers to gain access to a much wider selection of food products than previously. All from a single supplier. With such a broad range of fish, seafood, meat and delicatessen products we will also be able to attract new customers” says Jari Kokkonen.

Lars Bengtsson, CEO of JOHBECO, views the acquisition as an important step in the group’s continued expansion process.
“We started off in Finland three years ago with Bergfalk & Co Oy and we felt that it was now time to further strengthen our position in the country. Our values and opinions are wholly in line with those of Arvo Kokkonen and we look forward to continuing to develop our role on the Finnish market with two strong segments there now, fish and meat” concludes Lars.


For further information, please contact:
Lars Bengtsson, CEO, JOHBECO AB
tel. +46 70 523 30 02, lars.bengtsson@johbeco.se

 

In 2019, the JOHBECO group has presented several new acquisitions. The group previously consisted of Johan i Hallen AB and Bergfalk & Co AB, but has now also added fish and seafood specialists Fiskeboa i GBG AB, Gothia Seafood AB and Fiskgrossisten i Helsingborg AB. Together with the acquisition of Arvo Kokkonen Oy, the group now has a turnover of around EUR 160 million (SEK 1.7 billion).

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Blackstone to Partner with Leading French Dark Fiber Provider Sipartech

Blackstone

Paris, France, October 4, 2019 – Blackstone (NYSE:BX) today announced the signing of definitive documentation by Blackstone Tactical Opportunities (“Blackstone”) to form an equity partnership with Sipartech S.A. (“Sipartech”), a provider of telecom infrastructure solutions in France. Sipartech holds a leading position in the deployment of dark fiber, with a focus on serving data center and hyperscaler customers that are the largest consumers of wholesale data connectivity.

Blackstone will acquire its stake from growth equity investor Summit Partners, who invested in the business alongside Founder & CEO Julien Santina in 2016. The transaction is expected to close in late 2019, subject to regulatory approval; financial terms of the transaction were not disclosed.

“Sipartech has established a world-class and differentiated network infrastructure in France focused on the most demanding and complex connectivity requirements,” said Jasvinder Khaira, a Senior Managing Director in Blackstone’s Tactical Opportunities Group. “Providing growth capital to founders to accelerate their growth is a hallmark of Blackstone’s investments in the telecom and internet infrastructure sector, and we are thrilled to support Julien and the rest of the management team as they expand their presence in the European marketplace.”

“We expect France to be at the intersection of exponential growth in fiber connectivity needs in Europe over the coming years. Investing in Sipartech substantially augments our European digital infrastructure presence, and we are excited to support the Company’s ongoing remarkable growth in France and across continental Europe,” said Thomas Senecal, also of Blackstone Tactical Opportunities.

“We have done a great job with Summit Partners over the last 3 years. As we enter the next chapter of our growth, we are proud and very excited to partner with Blackstone Tactical Opportunities, who shares our vision and will support us in our ambitious growth plans,” said Julien Santina, Sipartech’s majority shareholder and CEO.

“Julien and the Sipartech team have built a market leading fiber network in France and an impressive business. They have delivered growth that has outpaced the incumbents, and we believe the business is very well positioned for the future. It has truly been an honor to work alongside the team as the company has scaled,” said Christian Strain, a Managing Director with Summit Partners.

Sipartech is among the fastest growing dark fiber providers in France, with a strong presence in Paris and other major French metropolitan centers. The company was founded in 2008 by Julien Santina and has grown into a leading provider of B2B and wholesale dark fiber services and other telecom services. Headquartered in Paris, Sipartech owns and operates over 3,000km of fiber across France.

Blackstone was advised by Freshfields Bruckhaus Deringer LLP. Sipartech was advised by Lazard Frères & Co and Paul Hastings LLP, and Summit Partners was advised by Latham & Watkins LLP.

About Blackstone

Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with $545 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

About Tactical Opportunities
Tac Opps is Blackstone’s opportunistic investment platform.  The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities.  As part of the strategy, the team leverages the intellectual capital across Blackstone’s various businesses while continuously optimizing its approach in the face of ever-changing market conditions.

About Summit Partners
Founded in 1984, Summit Partners is a global alternative investment firm that is currently managing more than $19 billion in capital dedicated to growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the economy and has invested in more than 500 companies in technology, healthcare and other growth industries. Summit has backed more than 60 communications technology businesses, including Acacia Communications, Accedian Networks, Casa Systems, Finisar, Fuze, MACOM and Ubiquiti. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, please see www.summitpartners.com or on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 11-12 Hanover Square, London, W1S 1JJ, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

About Sipartech
Founded in 2008 by Julien Santina, Sipartech is a leading neutral and independent European infrastructure carrier. Sipartech provides a wide portfolio of connectivity products and services to more than 500 customers in the world, including data centers, hyperscalers, enterprises, and telecom operators. : www.sipartech.com

MEDIA CONTACTS:

Blackstone:
Ramesh Chhabra
+44 20 7451 4053
ramesh.chhabra@blackstone.com

Paula Chirhart
+1-212-583-5011
paula.chirhart@blackstone.com

Sipartech:
Isabelle Saint-Pol
+33 (0)1 84 13 01 00
contact@sipartech.com

Summit Partners:
Meg Devine
+1 617 824 1047
mdevine@summitpartners.com

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Cinven to invest in National Seating & Mobility

Cinven

Leading provider of complex mobility solutions in North America

Cinven, the international private equity firm, today announces that it has agreed to make an investment in National Seating & Mobility (‘NSM’), a leading provider of complex rehabilitation mobility and accessibility solutions. Financial terms of the transaction were not disclosed.

Headquartered in Nashville, Tennessee, NSM provides personalised solutions to individuals with mobility challenges by bringing together industry-leading expertise, uniquely engineered systems and breakthrough technologies. NSM’s Assistive Technology Professionals (‘ATPs’) work closely with physical and occupational therapists throughout the US and Canada to design customised, complex wheelchairs to meet the unique needs of each client. Established in 1992, today NSM has more than 1,850 employees operating from 149 branches across the US and Canada serving more than 100,000 clients annually.

Alex Leslie, Partner at Cinven, commented:

“This is an attractive opportunity for Cinven to invest in NSM, a leading player in the Complex Rehab Technology market in North America. NSM operates in an industry we have been evaluating deeply for several years through our work in the Healthcare sector team in both Europe and the US.”

John Richardson, Senior Principal at Cinven, added:

“We are looking forward to partnering with NSM’s highly experienced management team to accelerate the company’s growth, both organically and through strategic acquisitions. Cinven will invest significantly in the business to ensure that NSM remains at the forefront of providing best-in-class complex mobility solutions.”

Bill Mixon, CEO of NSM, said:

“NSM was founded with a very simple mission: to provide self-reliance for our clients through mobility. Our goal is to drive independence for those we serve, and propel the future of possibilities for the Complex Rehab Technology industry.

“We are very excited to continue pursuing our mission through our new partnership with Cinven. The Cinven team’s significant expertise in the global Healthcare sector, as well as its proven track record of investing in, and working with, healthcare companies to expand their businesses will be invaluable to us as we look to enter our next phase of growth.”

Advisors to Cinven on the transaction included: Jefferies LLC, Cain Brothers, a division of KeyBanc Capital Markets, Latham & Watkins LLP and Deloitte LLP.

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Kinly announces Robbert Bakker as new CEO

Avedon

Amsterdam, NETHERLANDS – Monday 30th September 2019, 13:00 CET – Kinly, The leading specialist in video collaboration solutions – announced today that Robbert Bakker has been named as their new CEO.

KinlyFeaturedPRRobbert, previously CEO of Knab, the Dutch online-only bank, has an outstanding track record of executive management positions across several of Kinly’s key target verticals. He has a background in digital transformation and high growth companies, which along with his experience in building organizations with Customer Focus engraved in the DNA of its people makes him the perfect candidate to join Kinly on its journey to become the leader in its industry.

“I have seen how video collaboration is changing the way we work, and I am impressed with how Kinly’s services address this transformation. We are truly solving a growing need, and I want to be part of that journey, also for the positive environmental aspects of it,” says Robbert Bakker. “The values and culture of the company are well aligned with my own, and I look forward to contributing in this regard too.”

Jos Zandhuis, Chairman of the Board in Kinly, said, “Robbert Bakker has a very strong and proven track record both as an executive, a leader and an innovator. We believe he is perfectly positioned to take Kinly to the next level. He will have full support from very competent teams of employees around the world. Kinly has already grown in revenue almost 50% over the last year and a half, and there is still a large potential for further growth as a specialist in collaboration services”

Robbert Bakker will formally join Kinly on September 30th and will be based at the company headquarters in Amsterdam. In addition to the announcement of the new CEO, Kinly would also like to announce that Mike Gries will be its new Managing Director and SVP of the Netherlands, joining the Kinly Team on October 1st.

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