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LAURALU builds its future backed by EVOLEM

Evolem

Lyon, Tuesday, January 15, 2019 – EVOLEM acquires a majority stake in the steel and textile temporary structures specialist called LAURALU.

Located in Saverdun (Ariège) and created in 1998, LAURALU supplies high quality space solutions to logistics operators and industries (SMEs, retailers and institutional and public authorities). Olivier Hohn, Spaciotempo’s (GL Event business unit) former director, took over the company in 2014 with a view to initiate a radical change of the business model from sale to rental, but also to grow internationally through the opening of subsidiaries in United Kingdom and Spain.

LAURALU has established itself as a major player in the manufacturing and leasing of metal and textile structures with a turnover of more than 12 M€ in 2018. The rental offer appears today as an obvious solution for companies’ modular and flexible needs.
With this deal Olivier Hohn wanted to back-up the company with a financial shareholder able to provide long-term support to drive future growth of the company and on which he could rely in order to realise buy and build operations, both in France and abroad.
« The entrepreneurial nature of the Family Office Evolem, the personality of the management team and its clearly expressed desire for external growth have totally convinced me of this choice despite strong interest of other French and international funds.
This operation should help the team build a major European player. »,
explain Olivier Hohn.
« Since the acquisition of LAURALU by Olivier Hohn in 2014, the Company has seen its turnover more than triple with a radical change of its business model offering better visibility on its activity. Olivier Hohn’s experience in this market, his international profile as well as various expansion opportunities have convinced us.»,
testifies Sandrine Escaleira.

Intervenants de l’opération
Buyers : EVOLEM (François NOIR, Sandrine ESCALEIRA, Victor d’HEROUVILLE), SOFILARO (Christophe ROMEYER), Pierre ASSEO, MANAGERS, AUTRES
Legal advisors (buy-side) : ALCYA CONSEIL (Laurent SIMON, Sabine PRADES, Marion MENU)
Legal, social and fiscal due diligence : ALCYA CONSEIL (Laurent SIMON, Sabine PRADES, Marion MENU), CUATRE CASAS (Helene BAUS), STEVENS BOLTON (Nick ATKINS)
Financial Due Diligence : EIGHT ADVISORY (Xavier MESGUICH, Bilel DJEMMALI)
Senior debt : CREDIT AGRICOLE SUD MEDITERRANEE (Sebastien EPALZA, Didier HOCHET), CREDIT AGRICOLE TOULOUSE (Eric ESPIE, Franck ARMANDET, Philippe CHAMOULAUD)
Legal advisor (debt) : PACT AVOCATS (Benjamin DAHAN)
Sellers : MANAGERS, Pierre ASSEO
Legal advisor (vendor) : ALTIJ (Patrick NADRAULT)
M&A advisor (vendor): CAMBON PARTNERS (Guillaume TEBOUL, Philippe BACKES)

About Evolem
Evolem, is a French family office, created and 100% owned by an entrepreneur: Bruno ROUSSET (founder of April group). Evolem’s investment approach is based on a long term strategic vision shared with the management, and no exit horizon in order to accompany the development of leading players in specific sectors.
In the context of majority transactions, Evolem invests in companies with sales between 10 M€ and 80 M€ and operating in niche markets, with the objective of growing small to intermediate size (100 M€ to 150 M€ in sales) through organic and external growth and increased international reach.
Having completed 44 add-ons operations including 11 abroad, Evolem has a solid experience in carrying out such transactions for its platforms, in the identification of potential targets, approach, negotiations and execution.

More information on : https://www.evolem.com/

Press contact :
Peggy DESOUTTER
peggy.desoutter@evolem.com
+33 (0)4 72 68 98 00
+33 (0)6 88 23 15 63

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Segulah completes generation shift

Segula

Gabriel Urwitz, founder and Chairman of Segulah, will step down from the role of Chairman. Having founded the business in 1994 and served as Managing Partner as well as Chairman for 25 years,
Gabriel will remain a member of the Investment Committee for the duration of the Segulah V investment period, as well as board member in several portfolio companies.

Sebastian Ehrnrooth, currently Managing Partner, will take on the role of Chairman.

Sebastian, who joined Segulah in 2000 as a deal partner, has led and participated in a large number of transactions in Segulah II, III, IV and V.

Marcus Planting-Bergloo, currently deal partner, will take on the role of Managing Partner. Marcus, who joined Segulah in 2007 and became a Partner in 2013 has led and participated in numerous successful Segulah acquisitions, including Isaberg Rapid, Scan Coin, Beerenberg, Oglaend Industries, Sandbäckens, Hermes Medical Solutions and most recently Francks Kylindustri.

These changes will become effective April 1st, 2019.

 

For questions, please contact:

Gabriel Urwitz, urwitz@segulah.se,  +46 705 908 900

Sebastian Ehrnrooth, ehrnrooth@segulah.se, +46 733 604 205

Marcus Planting-Bergloo, planting@segulah.se, +46 702 291 185

Categories: People

Cinven invests in RTB House

Cinven

Investment in global provider of high-growth digital advertising technology

International private equity firm, Cinven, today announces that it has signed an agreement to invest in RTB House (‘the Company’), a leading global provider of state-of-the-art retargeting technology for leading brands, for an undisclosed consideration.

Headquartered in Warsaw, Poland, RTB House is leveraging deep learning algorithms in order to enable its retail clients to deliver highly relevant digital advertising campaigns to potential customers who have displayed a purchase intent. RTB House has a blue-chip customer base of close to 1,500 clients worldwide including Adidas, Trivago, Orange and Walmart. Established in 2012, RTB House has global operations with 20 offices worldwide and employs more than 400 people across EMEA, APAC and the Americas.

RTB House has achieved several awards for its strong growth and innovative technology. In 2018, RTB House won The AIconics Award in Best Application of Artificial Intelligence (‘AI’) for Sales & Marketing; and was named by the Financial Times as the 8th fastest growing company in the technology sector in Europe.

Cinven’s TMT Sector team worked closely with its Emerging Europe Regional team to develop this primary investment opportunity, given the following attractive attributes:

  • Strong structural growth trends in the global digital advertising software market;
  • Innovative application of AI;
  • Blue-chip customer base of leading brands globally;
  • Opportunity to accelerate the Company’s growth organically; and
  • Excellent management team, led by Robert Dyczkowski, Chief Executive, Bartłomiej Romański, Chief Technology Officer, Daniel Surmacz, Chief Operating Officer, and Wojciech Głowacki, VP of Sales, with a proven execution track record and significant sector technology experience in advertising and e-commerce.

Cinven’s strategy for RTB House is to work alongside the industry leading management team to:

  • Further internationalise the business drawing on Cinven’s presence in the US;
  • Continue investing in the Company’s cutting edge technology;
  • Selectively pursue value- accretive buy and build acquisitions; and
  • Further professionalise the business with international best practices.

Chris Good, Partner at Cinven, said:

“RTB House is a very exciting business that has demonstrated significant growth, has a strong blue-chip client base, and impressive market-leading technology. 

“We look forward to working with the highly talented management team to further grow the business internationally, both organically and through acquisitions. There are particularly exciting growth opportunities in North America where Cinven has previously successfully grown technology-related businesses including CPA Global.”

Adam Prindis, Principal at Cinven, added:

“RTB House operates in a highly dynamic and fast-growing segment of the technology sector. As e-commerce continues to grow, retailers are focusing increasingly on ways to improve their marketing mix with retargeting playing a very important role. We are very excited about the investment in RTB House which offers truly differentiated solutions, based on advanced AI.”

Robert Dyczkowski and Bartłomiej Romański, CEO and CTO of RTB House, commented:

“We are delighted to be working with Cinven. The team’s expertise in the TMT sector, as well as Cinven’s clear ability of working with companies to internationalise their businesses, will immensely benefit RTB House. We will continue to invest in our state-of-the art and innovative technology to drive the Company’s business performance.”

Paweł Chodaczek, the Company’s co-founder and lead investor prior to the transaction, added:

“I am proud of the remarkable success that Robert, Bartłomiej and the whole RTB House team have achieved and that I have had the pleasure to support them at the challenging earliest stages. Cinven’s investment is a sign of not only great appreciation for the team’s efforts so far, but also a unique chance to boost the company’s further growth.”

The transaction is subject to customary regulatory and antitrust approvals.

Advisors to Cinven on the transaction included: Clifford Chance, Deloitte, Medialink, Prohaska, RBC Capital Markets and Vienna Capital Partners.

Advisors to the Company and Shareholders on the transaction included: CC Group and Weil.

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Blackstone Hires Jon Korngold to Lead New Growth Equity Investing Platform

Blackstone

New York, January 14, 2019 – Blackstone (NYSE:BX) today announced that Jon Korngold, a former senior leader at General Atlantic, will join the firm as a Senior Managing Director and head of Blackstone’s Growth Equity investing platform. Jon will be responsible for building and running this new platform which will provide capital to companies during the critical phase between venture capital investments and traditional buyouts.

Stephen A. Schwarzman, Blackstone Chairman, CEO and Co-Founder, said: “We are very pleased to welcome Jon Korngold to Blackstone and announce the launch of our growth equity platform.  This is a highly synergistic expansion area for the firm and a natural extension of our existing businesses. We are pleased to be growing in this area with a dynamic industry veteran like Jon, who has a successful track record investing in and building scale businesses.”

Jon Gray, Blackstone President & COO, said: “Expansion into growth equity investing represents a compelling opportunity for the firm and our Limited Partners.  Jon is the ideal leader for this new platform. He will build upon Blackstone’s capabilities and strengthen all of our investing businesses through his deep expertise in the rapidly evolving technology sector.”

Jon Korngold added: “I am pleased to join Blackstone as it expands into growth equity investing. The firm has a strong history of successfully innovating into new business areas and I am excited about the opportunity to build a world-class investing platform. The scale, geographic reach and global operating resources that Blackstone can provide fast-growing companies are unparalleled, and will be a real competitive advantage.”

At General Atlantic, Mr. Korngold was a member of the firm’s Management Committee, Chairman of the Portfolio Committee and Global Head of the firm’s Financial Services and Healthcare sectors.  In his 18 years at General Atlantic, he sourced and executed billions of dollars of growth equity investments across the technology services, enterprise software, healthcare, financial services and consumer sectors.  For each of the last three years, Mr. Korngold was ranked #1 among investors on Institutional Investor’s “Fintech Finance 40” list, which recognizes top dealmakers in the financial technology industry. Prior to General Atlantic, he worked in Goldman Sachs’ Principal Investing and M&A groups in London and New York.

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 $457 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, 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.

Contact
Matt Anderson
+1-212-390-2472
matthew.anderson@blackstone.com

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Unica acquires Dotwood and strengthens ICT positioning

Triton

Hoevelaken/Amsterdam (The Netherlands), 10 January 2019 – Unica, a Triton Fund IV company, announced the acquisition of DotWood, a specialist in Microsoft Dynamics solutions. The acquisition will strengthen Unica’s activities in the field of ICT, an area Unica Schulte ICT, a Unica company, operates in. The purchase price has not been disclosed.

With DotWood’s solutions, Unica expects to be able to respond even better to its customers’ increasing need for simplifying business processes. Microsoft Dynamics offers powerful applications that enable organizations to improve customer relationship management and planning. Because Microsoft Dynamics can be linked to more and more operational systems, integrated optimization and analysis of business processes is possible.

About Unica
Unica provides a wide diversity of technical solutions for your buildings. Using top-of-the-range, innovative technology and an all-round service package, Unica contributes to socially relevant issues in the field of security, comfort & health, ICT, and energy and sustainability. With a network of ten companies, Unica – with 14 sites and over 2,200 employees – is one of the largest providers of technical services in the Netherlands. Unica is amongst the ‘Top 250 Scale-ups in the Netherlands’, an initiative of the Dutch Ministry of Economic Affairs.

For further information: www.unica.nl

About DotWood
Over the years, DotWood has offered consistent, high-quality services to Microsoft Dynamics customers and thereby assures them of important business benefits of the Microsoft Dynamics CRM solutions. Our expertise comes from years of experience and our solutions meet the requirements of real estate companies, manufacturing & distribution companies, Life Science and service companies.

Our experts communicate in an understandable language, without too many technical concepts. In addition, we believe it is important to integrate our software in a way that suits your company culture and way of working.

DotWood is a Microsoft Gold Partner.

Read more at: www.dotwoodcrm.com/

About Triton
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 38 companies currently in Triton’s portfolio have combined sales of around €13.1 billion and around 85,000 employees.

Read more at: www.triton-partners.com

 

Press Contacts:

Triton
Marcus Brans
Phone: +49 69 921 02204

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Triton to sell Nordic Tankers to MOL Chemical Tankers

Triton

Copenhagen (Denmark) 08 January 2019– Funds advised by Triton (“Triton”) today announced the sale of Nordic Tankers A/S (“Nordic Tankers”) to MOL Chemical Tankers Pte. Ltd. (“MOLCT”), a wholly-owned subsidiary of Mitsui O.S.K. Lines, Ltd. (“MOL”), which is one of the largest shipping companies in the world and listed on the Tokyo Stock Exchange.

Nordic Tankers is a leading chemical tanker company, mainly operating in trade lanes in the Americas, trans-Atlantic and Europe. Triton acquired the company in 2012 and has since strengthened it through initiatives such as recruiting a new management team, investing in new vessels and participating in consolidation through the Crystal Nordic JV, which was sold separately last year.

“We would like to thank the management team, the employees and all other stakeholders for their contributions to Nordic Tankers’ development during Triton’s ownership. We view this as an appropriate time for a long term industrial owner to continue developing the company further” says Peder Prahl, Director of the General Partner to the Triton fund.

About Nordic Tankers
Nordic Tankers A/S is a leading chemical tanker company that transports specialized liquid products in bulk for large chemical producers and oil majors. Building on many years of industry experience, Nordic Tankers offer premium services in all designated core trade lanes. For more information, please visit www.nordictankers.com


About Triton
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.

Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 38 companies currently in Triton’s portfolio have combined sales of around € 13.1 billion and around 85,000 employees.

The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.

For more information please visit: www.triton-partners.com

Press contacts:

Triton
Fredrik Hazén
Phone:  +46 709 483 810

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Burnett Specialists Selects Erecruit’s Enterprise Staffing Software Platform to Drive Business Transformation

STG Partners

Erecruit™, the leading global technology provider and visionary for the staffing industry, today announced Burnett Specialists, Texas’ largest employee-owned staffing & placement agency, has selected Erecruit’s Enterprise Staffing Software Platform to help increase automation and deliver exceptional talent, value and service to customers, consultants and employees as the company continues to scale.

Since 1974, Burnett Specialists has matched thousands of talented and skilled job seekers with top employers across a long list of industries. As the Burnett team has continued to build the company over the years, they have amassed a number of proprietary software applications and have realized those solutions need to be consolidated onto one enterprise-class solution to continue and accelerate their growth.  As technology is evolving and shaping the way recruitment and staffing companies operate, Burnett also made it a point to find a next-generation platform with enterprise-level configurable workflow, alerts and automation within the user interface.

After conducting a thorough ROI analysis on the software options under consideration, Burnett Specialists selected Erecruit’s Enterprise Staffing Software Platform to innovate service delivery while maximizing operational efficiency across the entire staffing lifecycle. Erecruit’s Front Office, Middle Office, eStaff365 Onboarding and TempBuddy modules are designed to automate administrative tasks and integrate with numerous third-party vendors that Burnett works with every day. Additionally, Erecruit’s strong integration with payroll and accounting systems will allow the Burnett team to use margin and financial information to prioritize the most profitable tasks and make the informed decisions that lead to increased revenue and profits. From a desk perspective, Erecruit will help automate dozens of time-consuming administrative tasks so that more time can be spent with candidates, clients, and on strategic activities rather than on administrative processes.

“We are pleased to partner with Erecruit and leverage their Enterprise Staffing Software Platform,” said Sue Burnett, Founder and President, Burnett Specialists. “As we continue to grow, it is imperative to utilize a comprehensive, all-inclusive solution that addresses the needs of our daily business activities today and in the future. Erecruit will empower us to accelerate our digital transformation and ensure we have the ability to grow Burnett Specialists.”

“With the tight labor market, Erecruit helps to differentiate enterprise staffing firms in the constant need to attract, source and onboard candidates,” said Dominic Gallello, President & CEO, Erecruit. “Working with Burnett, we look forward to continuing to enhance our industry leading Pay & Bill solution.”

About Erecruit

Erecruit offers the most comprehensive and innovative end-to-end staffing software platform designed to empower users to achieve exceptional results. The company serves the entire recruitment lifecycle with Erecruit Front Office, Middle Office, Credentialing and VMS solutions for enterprise staffing firms; Adapt Front and Back Office software for newly formed to mid-sized firms, eStaff365 Onboarding, and TempBuddy temporary workforce management platform. Learn more at www.erecruit.com

About Burnett Specialists

Burnett Specialists is a privately-held, employee-owned, Houston-based recruiting, temporary staffing, and headhunting company with offices in Houston, The Woodlands, Austin, El Paso, San Antonio, and Dallas, where they operate as Choice Specialists. Nationally certified as a woman-owned business, Burnett Specialists is widely respected as a diversity vendor.

Burnett Specialists offers their employers and clients the convenience of utilizing one localized source for all their recruitment needs from temporary staffing employees to direct-hire salaried professionals.  They have dedicated recruiting teams that focus specifically on unique skill specializations including: accounting, administrative / clerical, convention support, engineering, healthcare, HR, IT, legal, light industrial, management / professional, manufacturing, medical admin, mortgage / banking / credit union, sales / marketing, supply chain, customer service / call center, and corporate training.

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Aritco acquires TKS Heis, a leading Norwegian manufacturer and installer of platform lifts

Latour logo

Investment AB Latour (publ) has, through its subsidiary Aritco Group, acquired TKS Heis AS based in NÆRBØ, Norway. Closing will take place on 31 January, 2019.

TKS Heis is a leading Norwegian manufacturer and installer of platform lifts and installer of passenger lifts. The company was founded in 1997 and has built a business with development and manufacturing at the head office in NÆRBØ and a sales, installation and aftermarket organization that serves the majority of the Norwegian market. Sales for 2018 amounted to NOK 155 million and the company has 74 employees.

The acquisition of TKS Heis complements Aritco’s product portfolio and strengthens its offering to existing distribution networks. In addition, the acquisition strengthens an already strong position in the Norwegian market.

“TKS Heis has been a reseller of Aritco’s products in Norway since 1997 and I am very pleased to have Latour and Aritco as a new owner. I am convinced that Aritco as a long-term and industrial owner with a customer base in a large number of markets will constitute an excellent foundation for continued growth for TKS Heis and our products in and outside Norway”, Says Tønnes Helge Kverneland, CEO of T. Kverneland & Sønner AS.

“We have had a close partnership with TKS Heis since 1997 and we have come to know TKS as a very professional player, the acquisition secures this relationship for the future. TKS gives us access to a product that complements our existing range in an excellent way. In addition, TKS Heis adds great experience and expertise in the aftermarket field, which will help us in our development of aftermarket products and services” says Martin Idbrant, CEO of Aritco Group.

Göteborg, 11 January, 2019

INVESTMENT AB LATOUR (PUBL)
Jan Svensson President and CEO

For further information, please contact:
Martin Idbrant, VD Aritco group AB, 0727 15 36 52
Gustav Samuelsson, affärsutveckling Investment AB Latour, 0735 52 55 59

Aritco Group is a globally leading manufacturer of platform lifts for one-family houses and accessibility adaptation of public/commercial buildings. Sales go through a strong network of local partners in Europe, Middle East and Asia.

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 ten substantial holdings with a market value of about SEK 49 billion. The wholly-owned industrial operations has an annual turnover of about SEK 11 billion.  

 

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Segulah V L.P. acquires Francks Kylindustri

Segula

Segulah V L.P. has entered into an agreement to acquire Francks Kylindustri AB from the Franck family and CEO Per Hannius.

Francks is a leading company within the industrial refrigeration market with a turnover of approximately MSEK 450. The company, founded in 1950, has approximately 200 employees and is headquartered in Norrköping. With offices at ten locations from Ludvika in the north to Helsingborg in the south, Francks undertakes complex refrigeration installations in a number of industries.

Both current Chairman Göran Franck and CEO Per Hannius will remain as shareholders alongside Segulah.

”I look forward to working with Segulah to grow Francks and develop the business for our customers. With Segulah as a new, strong majority shareholder, we get the opportunity to invest further, both organically and through strategic acquisitions”, says Per Hannius.

“Segulah, who previously has completed several successful investments in the installation sector, is pleased to be the new majority shareholder of Francks and look forward to develop the business together with Francks’ strong management team”, says Marcus Planting-Bergloo, Partner at Segulah Advisor AB.

The acquisition is the eight investment for Segulah V L.P.

 

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

Per Hannius, CEO, Francks, +46 73 53 99 225

Marcus Planting-Bergloo, Partner, Segulah Advisor AB, +46 70 22 91 185

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Aritco acquires TKS Heis, a leading Norwegian manufacturer and installer of platform lifts

Latour logo

Investment AB Latour (publ) has, through its subsidiary Aritco Group, acquired TKS Heis AS based in NÆRBØ, Norway. Closing will take place on 31 January, 2019.

TKS Heis is a leading Norwegian manufacturer and installer of platform lifts and installer of passenger lifts. The company was founded in 1997 and has built a business with development and manufacturing at the head office in NÆRBØ and a sales, installation and aftermarket organization that serves the majority of the Norwegian market. Sales for 2018 amounted to NOK 155 million and the company has 74 employees.

The acquisition of TKS Heis complements Aritco’s product portfolio and strengthens its offering to existing distribution networks. In addition, the acquisition strengthens an already strong position in the Norwegian market.

“TKS Heis has been a reseller of Aritco’s products in Norway since 1997 and I am very pleased to have Latour and Aritco as a new owner. I am convinced that Aritco as a long-term and industrial owner with a customer base in a large number of markets will constitute an excellent foundation for continued growth for TKS Heis and our products in and outside Norway”, Says Tønnes Helge Kverneland, CEO of T. Kverneland & Sønner AS.

“We have had a close partnership with TKS Heis since 1997 and we have come to know TKS as a very professional player, the acquisition secures this relationship for the future. TKS gives us access to a product that complements our existing range in an excellent way. In addition, TKS Heis adds great experience and expertise in the aftermarket field, which will help us in our development of aftermarket products and services” says Martin Idbrant, CEO of Aritco Group.

Göteborg, 11 January, 2019

INVESTMENT AB LATOUR (PUBL)
Jan Svensson President and CEO

For further information, please contact:
Martin Idbrant, VD Aritco group AB, 0727 15 36 52
Gustav Samuelsson, affärsutveckling Investment AB Latour, 0735 52 55 59

Aritco Group is a globally leading manufacturer of platform lifts for one-family houses and accessibility adaptation of public/commercial buildings. Sales go through a strong network of local partners in Europe, Middle East and Asia.

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 ten substantial holdings with a market value of about SEK 49 billion. The wholly-owned industrial operations has an annual turnover of about SEK 11 billion.  

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