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Altor enters partnership with the entrepreneurs of Eleda

Altor

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Altor Fund V (“Altor”) has signed definitive agreements to invest in a majority stake in Eleda Infra Services Group (“Eleda”) to support the entrepreneurs and management on the continued growth journey to create a leading infrastructure services group. As part of the transaction, Eleda acquires and partners with the entrepreneurs of Järfälla VA- & Byggentreprenad AB (“JVAB”). In addition, Eleda acquires ONE Nordic (“ONE”) from Altor Fund III. Management of the respective companies will remain as significant shareholders of the combined group and continue in their respective operational management roles.

The new, larger, Eleda will be an expansive infrastructure services group focusing on small to medium sized civil engineering and transmission infrastructure projects and services across a wide range of sectors including water works, road works, energy works and data centers. JVAB strengthens Eleda’s geographical coverage in the Stockholm area and has strong expertise in water works. One Nordic broadens Eleda’s capabilities into electricity transmission infrastructure services and projects focusing on electricity distribution and renewable energy (wind and hydro power). The companies have an impressive history of strong growth and a proven ability to gain additional market shares in fast-growing areas of the market. The new Eleda group had a combined turnover of ca SEK 6 billion in 2019.

“We are enthusiastic and confident that Altor’s experience of building great companies will contribute to our continued strong growth and further support our ambition to always be the partner of choice for both public and private customers within infrastructure services. The timing of this transaction in the current market turmoil is a testament to our attractive and resilient business model, and we are proud to remain as significant shareholders in the combined group”, say Johan Halvardsson and Peter Condrup, representing the management consortium in Eleda.
“ONE Nordic is stronger than ever today”, says Jonas Arvidsson, CEO of ONE Nordic. “During Altor’s ownership period, ONE Nordic has had the opportunity to expand from electricity distribution into services and projects in renewable energy, and we now look forward to a continued growth journey as part of the larger Eleda group, with whom we already have several overlapping clients and hope to expand that further”.

“We are impressed with the businesses that the entrepreneurs have built and are truly excited to partner with them for the next phase of development. It is particularly exciting to be able to contribute ONE into the combination, adding new capabilities that will result in commercial benefits for both companies. We are highly committed to extend the strong track record of the companies to date and continue to build a leading infrastructure services company in the Nordics” says Bengt Maunsbach, Partner at Altor.

“In Eleda, I see a successful entrepreneurial, decentralized organization with local decision-making and responsibility, but with the resources and methods of a large corporation”, says Torbjörn Torell, current Chairman of ONE Nordic and incoming Chairman of Eleda. “I am glad for the opportunity to continue to work alongside Altor and look forward to working with the exceptional entrepreneurs of Eleda.”

The transaction is subject to customary regulatory approvals.

For more information, please contact:
Johan Halvardsson, Eleda Group CEO, +46 70 545 95 01
Emilie Condrup Maisor, Head of Communications and ESG, Eleda, +46 70 828 04 66
Jonas Arvidsson, CEO of ONE Nordic, +46 70 304 09 70
Bengt Maunsbach, Partner at Altor, +46 867 89 115
Tor Krusell, Head of Communications at Altor, +46 705 43 87 47

About Eleda Infra Services Group
Eleda Infra Services Group is an expansive group focusing small to medium sized civil engineering and transmission infrastructure projects and services across a wide range of sectors including water works, road works, energy works and data centers. The Group operates through regional companies across southern and western Sweden. The group currently includes Akeab, KEWAB, Mark & Energibyggarna and Salboheds Bygg & Anläggningstjänster. Eleda Group’s corporate culture is marked by a strong entrepreneurial spirit, and the companies work independently in complementary geographical areas with the goal of being a leading player in their respective regional markets. Eleda Group, which has its headquarters in Stockholm, has around 800 employees and sales of approximately SEK 3.1 billion in 2019. Eleda Group is currently owned by management and a broad group of key individuals in the group. For further information please visit www.eleda.se/en

About ONE Nordic
ONE Nordic is one of Sweden’s leading suppliers of technical services in electricity transmission infrastructure and renewable energy production. With a nationwide organization and local knowledge, ONE Nordic delivers high quality services and solutions to energy producers, distributors and energy users. ONE Nordic is headquartered in Malmö and has around 1,000 employees and sales of approximately SEK 2.1 billion in 2019. ONE Nordic has been owned by Altor Fund III since 2011. For further information please visit www.one-nordic.se

About JVAB
Järfälla VA- & Byggentreprenad AB is focusing on civil engineering and transmission infrastructure in the Stockholm region. JVAB has around 150 employees and sales of approximately SEK 0.7 billion in 2019. The majority of JVAB is owned by the founding family, who will reinvest a significant portion in the combined Group.  For further information please visit www.jvab.se

About Altor
Since inception, the family of Altor funds has raised some EUR 8.3 billion in total commitments. The funds have invested in excess of EUR 4.2 billion in more than 60 companies. The investments have been made in medium sized predominantly Nordic companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Dustin, Byggmax, Piab, Aalborg Industries, Trioplast, SATS and RevolutionRace.  For further information please visit www.altor.com

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Cilia Holmes Indahl appointed Head of EQT Foundation

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eqt

The EQT Foundation today announced the appointment of Cilia Holmes Indahl, currently CEO of Katapult Group, as Head of the EQT Foundation, effective August 2020. In her new role, Cilia will be responsible for developing and executing on the Foundation’s strategic agenda.

The EQT Foundation was founded in June 2019 by a core group of Partners at EQT with the purpose of hosting and driving EQT’s global philanthropic activities, and furthering the firm’s ambitions of making a positive impact with everything it does. The EQT Foundation aligns its activities with EQT’s vision of being the most reputable investor and owner. It has a mission of creating a more inclusive tomorrow and pushing the frontiers of societal impact as well as ensuring the successful long-term development of EQT and maintaining EQT’s strong corporate culture and values. The EQT Foundation also has a right to appoint a member to the nomination committee of EQT AB according to the principles for appointing a nomination committee.

Cilia’s experience from her previous role as Sustainability Director of Aker BioMarine and from the Norwegian Permanent Mission to the United Nations, where she negotiated the Sustainable Development Goals, matches perfectly with the EQT Foundation’s mission. Cilia has a genuine passion for driving long-lasting positive change and engaging others in making a difference.

Conni Jonsson, Chairperson of the EQT Foundation, said: “We are very happy that Cilia is joining the EQT Foundation. Our ambition is that the work and efforts we pursue through the EQT Foundation will inspire others to contribute to positive long-term change and, with Cilia onboard, we are confident that we will be able to drive our positive impact agenda further and become a change catalyst in the industry.”

Christian Sinding, CEO and Managing Partner at EQT, continued: “The EQT Foundation shares the same objective as EQT, to make a positive impact with everything we do, and Cilia’s energy, engagement and experience fit this in an exceptional manner. We want every investment EQT makes to contribute to a better and cleaner tomorrow, and we see the EQT Foundation as an important pillar in achieving this.”

Cilia Holmes Indahl commented: “For me, driving the EQT Foundation is a dream job! With EQT’s culture, values and impressive portfolio of great companies, there are so many opportunities to push the sustainability agenda forward. I look forward to exploring new ways of accelerating industry transformations, leveraging the thematic expertise from the entire EQT system and driving positive impact in close collaboration with all EQT colleagues.”

In April, the EQT Foundation announced its first donation of EUR 1 million to the COVID-19 Therapeutics Accelerator (launched by the Bill & Melinda Gates Foundation, Wellcome Trust and Mastercard) as a response to the global COVID-19 pandemic. Further information about the EQT Foundation’s strategy, focus areas and initiatives will be communicated once Cilia has assumed her role.

Contact
Nina Nornholm, Head of Communications, +46 708 550 356
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About the EQT Foundation
EQT Foundation was founded in June 2019 by a company owned by a core group of Partners at EQT. It holds around one percent of the shares in EQT AB and will be a long-term shareholder. EQT Foundation is structurally independent from EQT. The purpose of EQT Foundation is to use the proceeds generated from the dividends it receives from EQT AB shares, as well as other assets and donations, for the furtherance of the mission of creating a more inclusive tomorrow and pushing the frontiers of societal impact. EQT Foundation is a foundation under Swedish law (Sw. stiftelse). 

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CapMan Real Estate sells office property in Stockholm to Fabege

CapMan Real Estate
Press Release
8 May 2020 at 12.00 p.m. EEST

CapMan Real Estate sells office property in Stockholm to Fabege

CapMan Nordic Real Estate II Fund has signed a sale agreement with Fabege regarding Påsen 1, an approx. 10,000 sqm multi-let office building in Hammarby Sjöstad. The agreed property value is SEK 441.4 million.

“We purchased this property in March 2018 and were very much drawn towards the value-add opportunities we saw at that time. Hammarby Sjöstad and its surrounding area in southern Stockholm has experienced rapid development and growth in the past few years and we have seen rental values rise significantly as a result. We are pleased to capitalise the value we have created to date and also to sell to Fabege who is a long-term owner and developer in the area,” comments Per Tängerstad, Partner at CapMan Real Estate.

Påsen 1 is the second exit of the CapMan Nordic Real Estate II Fund. The focus of the €425 million fund was to acquire mainly office, retail and residential properties located in established submarkets of major Nordic cities. CapMan is currently raising its third value-add Nordic fund.

Nordanö and Mannheimer Swartling assisted CapMan on the sale.

For further information, please contact:
Per Tängerstad, Partner, CapMan Real Estate, tel. +46 70 591 23 00

About CapMan www.capman.com

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. With over €3 billion in assets under management, 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 approx. 150 people in Helsinki, Stockholm, Copenhagen, London and Luxembourg. We are a public company listed on Nasdaq Helsinki since 2001 and a signatory of the UN Principles for Responsible Investment (PRI) since 2012.

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The Carlyle Group Enters into Binding Agreements to Acquire a Majority Stake in SeQuent Scientific Limited

Carlyle

Mumbai, May 8, 2020 – Global investment firm The Carlyle Group (NASDAQ: CG) and the existing promoters of SeQuent Scientific Limited (BSE-512529; NSE: SEQUENT) today announced that CA Harbor Investments, an affiliated entity of CAP V Mauritius Limited and The Carlyle Group (together, “Carlyle”), has agreed to acquire an equity stake of up to 74% in SeQuent Scientific Limited (“SeQuent”), the largest pure-play animal healthcare company in India.

CA Harbor Investments proposes to acquire a majority stake in SeQuent via private share purchase agreements, for a purchase price of INR 86 per share. Pursuant to the Securities and Exchange Board of India (SEBI)’s Takeover Regulations, the proposed transaction will trigger a mandatory open offer by CA Harbor Investments and CAP V Mauritius Limited for the purchase of up to 26% equity shares of SeQuent from public shareholders to be identified in the open offer documents[1]. The transaction is expected to close in the third quarter of 2020, subject to customary closing conditions and regulatory approvals. Following the completion of this transaction, CA Harbor Investments will become the new promoter of SeQuent.

Headquartered in Mumbai, SeQuent is the largest Indian pure-play animal healthcare company with global operations. SeQuent provides animal health Active Pharmaceutical Ingredients (“API”), formulations, and analytical services in over 100 countries, with more than 1,700 employees and manufacturing operations in India, Spain, Turkey, Germany and Brazil.

Arun Kumar, on behalf of the current promoter group of SeQuent, said, “We are pleased to have achieved this strategic outcome for SeQuent and its investors through this divestment. Our investment in this niche sector of the industry has played out as intended thanks to the leadership of Manish Gupta, his leadership team and employees, who have collectively created this world-class Indian animal health company. We are confident that Carlyle’s global network and resources will be a catalyst for SeQuent’s next stage of growth and innovation. We thank the Board of Directors, our employees, investors, banks and other stakeholders for their support in building SeQuent to what it is today and wish the SeQuent team the very best.”

Neeraj Bharadwaj, Managing Director of the Carlyle Asia Partners team, said, “SeQuent is led by an experienced management team, and has built strong API and formulation businesses that are poised for continued growth in the evolving animal health industry. We will draw on our global network, industry knowledge and operating expertise in healthcare to advise SeQuent on its business expansion strategy, enhance its operations, and help the company drive sales and product innovation.”

“We see strong growth potential in the global animal health industry, including the livestock segment where SeQuent is operating, thanks to increasing demand for animal protein, rising awareness of food safety, and growing disposable income,” he added.

Manish Gupta, CEO of SeQuent, said, “SeQuent emerged as India’s leading animal healthcare company within six years, completing phase one of SeQuent’s growth journey. On behalf of the entire management team, I would like to thank Mr. Arun Kumar for his vision and support in building a global animal healthcare company. We look forward to a new phase of development, where we together with Carlyle will work to grow the company into one of the top global animal healthcare companies.”

The Carlyle Group has a well-established history of investing in the healthcare sector, both in India and globally, fueled by a deep understanding of the market and an ability to create value through its operational expertise and close partnerships with management. Its investments in the Indian healthcare sector include Medanta Medicity Hospital, a leading hospital in the National Capital Region of Delhi, and Metropolis Healthcare, which operates a chain of diagnostic centers and laboratories.

The Carlyle Group is a long-standing global investment firm in India, making investments in India since 2000. With global resources, deep industry expertise and strong local knowledge, Carlyle has invested more than US$2.5 billion in India as of March 31, 2020. Its other notable investments include SBI Life, SBI Card, HDFC, India Infoline, Delhivery and PNB Housing Finance.

J.P. Morgan acted as exclusive financial advisor while Nishith Desai Associates acted as legal advisor to SeQuent and its promoters.

Nomura acted as exclusive financial advisor while AZB & Partners and White & Case acted as legal counsels to CA Harbor Investments and Carlyle. Nomura will be acting as the manager to the public tender offer.

* * *

About SeQuent Scientific Limited

SeQuent Scientific Limited (BSE-512529, NSE-SEQUENT) headquartered in Mumbai, India with a global footprint, operates in the domains of Animal Health (Alivira) and Analytical Services. SeQuent has eight manufacturing facilities based in India, Spain, Germany, Brazil and Turkey with approvals from global regulatory bodies, including USFDA, EUGMP, WHO, TGA among others. Its Vizag facility is India’s first and only USFDA approved facility for veterinary APIs. SeQuent is listed on the National Stock Exchange (NSE: SEQUENT) and BSE Limited (BSE: 512529) in India.

 

SeQuent’s revenue for the twelve months ended December 2019 was INR 11,606 million and profit after tax (before minority interest) for the same period was INR 851 million. The company was recently named “The Best Company in India/Middle East/Africa” at the Animal Pharm Awards 2019.

 

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $217 billion of assets under management as of March 31, 2020, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,775 people in 32 offices across six continents. Further information is available at www.carlyle.com. Follow The Carlyle Group on Twitter @OneCarlyle.

 

Media Contacts:

SeQuent
Tushar Mistry
Chief Financial Officer
Tel: +91 22 4111 4717
tushar.m@sequent.in

Diwakar Pingle
Christensen Investor Relations
Tel : +91 22 4215 0210
dpingle@christensenir.com

Abhishek Singhal
Investor Relations Consultants
abhishek.s@sequent.in

Carlyle

Tammy Li
Phone: +852 2878 5236
tammy.li@carlyle.com

Adfactors PR
Manibalan Manoharan
Phone: +91 9833949919
manibalan.manoharan@adfactorspr.com

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. SeQuent Scientific Ltd. and The Carlyle Group will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

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Hg strengthens executive team with four Partner promotions

HG Capital

Alongside a total of 30 promotions, the appointments support the evolution of the firm, further reinforcing Hg as the largest technology team in Europe

Hg, Europe’s leading software investor, today announces four new Partner appointments as part of a number of senior promotions across the firm.

The promotions continue to strengthen the executive leadership team and further support the evolution of the firm, having now grown to over 200 employees. Today the team is made up of over 140 investors, more than 30 operational experts and several other transaction support teams, together comprising the largest technology investor in the region.

Hg has promoted four long-standing colleagues to Partner: Martina Sanow (Deputy COO), Luke Finch (Client Services), Joris van Gool and Stefan Margolis (Investment team). The average tenure of these four individuals at Hg is close to a decade, during which time they have all made a material individual contribution to the firm’s achievements as well as helping to build and shape the firm over that period.

Hg is also pleased to promote several colleagues to Director: Yasemin Arik, Viviana Kane, Manuela Thomys, Richard Earnshaw, Hector Guinness, Benedikt Joeris and Carlo Pohlhausen.   Each of these colleagues has made a strong contribution to developing and leading investment activity at Hg over many years.

Matthew Brockman, Managing Partner at Hg, commented: “I am delighted to announce these positive developments, as we recognise individuals whose commitment and performance has stood out over years.  We are hugely committed to the long-term development of our people.  Each of these new Partners joined the firm as a junior team member nearly 10 years ago and since then have worked tirelessly across investments, deepening our client relationships and improving our business. They also share our values and each have supported several areas of the business during that time.  We are delighted to now have them as Partners.”

Martina Sanow joined the Client Services team in 2009 and has worked on all Hg fundraisings since then.  She was promoted to the role of Deputy Chief Operating Officer in 2019. Today Martina has responsibility for the firm’s operations including talent, finance, technology and ESG. She also leads the firm’s work on Diversity & Inclusion and has been leading the work in establishing the Hg Foundation. Most recently Martina was recognised in the ‘Future 40’ list of PE operators on course for stand-out roles in private markets.

Luke Finch joined Hg’s Client Services team in 2010 and has led this team for the last 18 months. Over the last decade he has worked on several fundraisings including Hg Mercury 1, Hg Genesis 7 (2012/13 vintage funds) and Hg Mercury 2, Hg Genesis 8, Hg Saturn 1 (2017 vintage funds), as well as the current fundraising activities.

Joris Van Gool joined in 2013 having previously interned with Hg when at Harvard Business School.  Joris has worked on, led and originated numerous deals on behalf of Hg. He is currently a board director of team.blue and Citation. His other investments at Hg have included Zenith, Parts Alliance, Raet/Visma (and the Benelux consolidation including Roxit, ProActive), JLA, Kinapse and A-Plan. Joris was recognised as a ‘Rising Star of Private Equity’ back in 2017.

Stefan Margolis joined in 2013 from Warburg Pincus. Stefan works from the Munich office and led current Hg investments into Transporeon and Medifox and in addition is also a Board Director of STP.  He has also been a strong contributor to a series of other successful investments including e-conomic, Speedledger, P&I, Eucon, Visma and Teufel.

Categories: People

Biotalys’ first biocontrol proves consistent with high efficacy in global fruit and vegetables field trials

GIMV

06/05/2020 – 09:30 | Portfolio

Ghent, BELGIUM – 6 May 2020 – Biotalys NV, a transformative food and crop protection company, today announced the results from more than 100 field trials with its first, breakthrough biofungicide, BioFun-1, which is on track to launch in the United States in 2022, followed by global market introductions. Developing a new generation of protein-based biocontrol solutions, Biotalys aims to help farmers protect yields and reduce food waste by both preventing crop loss and extending post-harvest protection with sustainable and safe products.

 

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A positive outlook for Eurazeo Growth in a more digital world

Eurazeo

Paris, May 6, 2020 – The Eurazeo Growth companies, which currently account for 12% of the Group’s net
asset value (more than € 700 million) are successfully weathering the crisis and most have seen the pace
pick up in their underlying markets.

Since France put in place its lockdown measures and after practices were adapted in record time, a
number of these companies have experienced a significant surge in business, as they offer a digital
alternative in industries that have been badly shaken by the current health crisis. Examples include
Doctolib, a website that enables thousands of health practitioners in France and Germany to continue
consulting patients, as well as ManoMano, Back Market and Vestiaire Collective, which have clocked up
a considerable rise in demand on their retail websites and double-digit year-on-year growth on average,
or Younited Credit, which alongside Bpifrance is distributing fully digital “Recovery Loans” to support SMEs
in France, thereby maintaining strong momentum in its B2B venture, Younited Business Solutions.

In a world undergoing wholesale changes that will need to further harness digital technology, the mediumterm outlook has improved for all Eurazeo Growth companies, in particular those facilitating the digital transformation, such as Adjust, Contentsquare and Payfit. With their strong cash position and as leaders in the market, these companies are well positioned to take advantage of the additional growth opportunities that arise.

This is demonstrated by the success of recent funding rounds, in which Eurazeo invested nearly €150
million and in particular, Back Market with Eurazeo Growth investing €35 million. The strong outlook is
also bolstered by the trust of the Group’s investor partners, which, despite uncertainty in the global market,
have confirmed their interest in the Eurazeo Growth III fund.

About Eurazeo
o Eurazeo is a leading global investment company, with a diversified portfolio of €18,8 billion in assets under
management, including €12,5 billion from third parties, invested in over 430 companies. With its considerable
private equity, venture capital, real estate, private debt and fund of funds expertise, Eurazeo accompanies
companies of all sizes, supporting their development through the commitment of its nearly 300 professionals
and by offering deep sector expertise, a gateway to global markets, and a responsible and stable foothold for
transformational growth. Its solid institutional and family shareholder base, robust financial structure free of
structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term.

o Eurazeo has offices in Paris, New York, Sao Paulo, Seoul, Shanghai, London, Luxembourg, Frankfurt, Berlin
and Madrid.
o Eurazeo is listed on Euronext Paris.
o ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

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The Carlyle Group Leads, Structures Debt Financing for Sterling Investment Partners’ Acquisition of AIMS Companies

Carlyle

NEW YORK – Global investment firm The Carlyle Group (NASDAQ: CG) today announced it led and structured the debt financing package to support Sterling Investment Partners’ recapitalization of AIMS Companies alongside AIMS’ founder and CEO, Chris Mihaletos. Carlyle’s middle market lending platform, Carlyle Direct Lending, acted as sole lead arranger and sole book runner on the financing.

With approximately $5 billion of assets under management, Carlyle Direct Lending is focused on making directly originated investments across the capital structure, including senior secured loans, unitranche loans and junior debt, primarily in private equity sponsor-backed companies. The team is comprised of more than 30 dedicated investment professionals in New York, Los Angeles, Chicago and Boston.

Miles Toben, Principal of Carlyle Direct Lending, said, “We are grateful for our long-standing relationship with Sterling and the opportunity to strengthen our partnership through the AIMS transaction. We look forward to supporting AIMS’ robust pipeline of new contract and M&A opportunities under Sterling’s ownership.”

Headquartered in Scottsdale, Arizona, AIMS is a leading national provider of infrastructure inspection, maintenance and support services to the municipal, utility, industrial and energy end-markets. The company’s complementary services, including pipe inspection and cleaning, hydroexcavation and vacuum and hydroblast cleaning, are critical to its customers’ ability to maintain operational workflow and regulatory compliance. The company’s cross-trained workforce, expansive fleet of over 400 units, strategically-positioned 15 branch locations and company-wide culture of safety and performance have enabled AIMS to become a trusted partner to its customer base.

* * * * *

About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $217 billion of assets under management as of March 31, 2020, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,775 people in 32 offices across six continents. Further information is available at www.carlyle.com. Follow The Carlyle Group on Twitter @OneCarlyle.

Carlyle Global Credit is the credit investment arm of The Carlyle Group with approximately $49 billion of assets under management. The group’s investment strategies span the credit spectrum: liquid credit, illiquid credit and real assets credit. Since 1999, Carlyle Global Credit has provided creative solutions for borrowers and delivered attractive risk-adjusted returns for investors by drawing on the deep credit expertise and disciplined underwriting capabilities of our over 150 investment professionals and by leveraging the resources and industry expertise of Carlyle’s global network.

About Sterling Investment Partners
Sterling Investment Partners is a private equity firm that has been investing in and building middle-market companies for over 29 years with a highly-experienced, cohesive team of senior investment professionals. Sterling acquires businesses that the firm believes have strong, sustainable competitive advantages and significant opportunities for value creation. Over its history, Sterling has completed over 170 transactions, representing $17.5 billion in transaction value. Key industries Sterling focuses on include value-added distribution and business services.

Media contact:
Brittany Berliner
+1 (212) 813-4839
brittany.berliner@carlyle.com

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Verso Capital acquires and accelerates spin-offs with a new €100 million fund

Tesi

INVESTMENTS IN FUNDS – 4.5.2020

The new €100 million fund acquires businesses that have strong growth potential but are not living up to their full potential in the current ownership.

Verso Capital is a growth stage buyout investor with a special focus on carve-out situations. The new €100 million sector agnostic fund acquires businesses that have €5-50 million revenues but suffer from growth or profitability bottlenecks. Typical cases are carve-outs from larger corporations and rearrangements of joint ventures, but the fund also invests in existing growth companies to help drive accelerated growth through M&A transactions. With offices in Helsinki and Munich, Verso Capital invests across Europe with a focus on the Nordic, DACH and North-European markets.

“The shift in the world economy forces companies to focus on their core activities. Verso has a quick and efficient process to carve out businesses that are not able to grow to their full potential in the current ownership,” says Anssi Kariola, Managing Partner, Verso Capital. “We build new growth companies from non-core businesses working in close co-operation with the current operative management.”

The first investors in Verso Fund III are KRR III, Tesi, pension funds Ilmarinen, Varma and Elo, as well as Nokia, Valeado AB and Etrisk Oy with a total investment commitment of €66 million. The target size for the fund is €100 million and fundraising will continue until the end of 2020.

Unique investment focus: turning non-core businesses into new growth companies

Verso Fund III acquires businesses that can grow faster as new independent companies. The Verso team has extensive transaction expertise and own methodology to speed up and simplify the carve-out process while reducing carve-out costs. The Verso team then actively supports these new growth companies to achieve international success.

Acquisition and investment targets can include non-core businesses inside larger companies, rearrangement of joint ventures, or any business that is unable to live up to its full potential in the current ownership. For example, businesses, that were transferred to a new owner as part of a larger M&A transaction but do not fully fit the buyer’s strategy, may have a better chance of success as independent companies.

“Not all businesses can be optimally developed inside large organisations. We create new international growth companies by focusing on the needs of the business as an independent company,” says Anssi Kariola, Managing Partner, Verso Capital. ”Our team has experience from more than 100 carve-out transactions, making us an efficient and reliable partner in all possible transaction situations.”

Verso Capital

Verso Capital is a growth stage buyout investor that specializes in carve-out situations. We acquire and invest in European B2B companies and businesses that have good growth potential and revenues up to €50m, but currently are suffering from growth bottlenecks. Our team has experience from over 100 carveout and M&A transactions – we have the necessary know-how and methodology to execute even complicated transactions quickly and efficiently. We are typically a majority investor and spend a considerable amount of our time working together with the management in order to solve growth and profitability bottlenecks. We manage three funds with a total of €126 million in assets under management. Our offices are in Helsinki and Munich.

Contact for more information:
Anssi Kariola

Managing Partner
Verso Capital Oy
+358 50 589 0520
anssi.kariola@versocapital.com

www.versocapital.com

 

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Argon & Co welcomes Ardian

Ardian

Paris, May 4th 2020. Argon & Co, the global management consultancy that specializes in operations strategy and transformation, is delighted to announce it has chosen to partner with Ardian, world-leading private investment house, to support its development and growth.

Argon & Co has over 270 consultants worldwide in 7 offices. Its expertise spans the supply chain, procurement, finance and shared services, working together with clients to transform their businesses and generate real change. Its consultants apply a combination of deep technical expertise, operational experience and broad business knowledge to deliver lasting results.

In a globalized economy with increasingly complex business processes, where the digital revolution favours a highly sophisticated use of data, and where environmental concerns encourage companies to re-think their operations, Argon & Co is ideally positioned to meet the challenges of its clients. The current health crisis and the operational challenges of the post-crisis period make these issues ever more critical for companies who need a specialized player to help them with high value-added consulting projects.

With Ardian’s acquisition of a minority stake, Argon & Co has the financial resources to accelerate its ambitious international development and growth strategy.

“The arrival of Ardian as a minority shareholder consolidates our development strategy. Operations management has never been so critical for our clients who are facing very short-term business recovery issues, and also issues of competitiveness and resilience of their operations, all in a context of environmental sustainability. We are applying all our expertise on these subjects alongside them to meet these challenges,” said Yvan Salamon, CEO of Argon & Co.

Geoffroy de La Grandière and Frédéric Quéru, Directors at Ardian Growth, continued “In the coming period, more than ever, Ardian Growth will be supporting entrepreneurs with ambitious projects, and we are thrilled to be partnering alongside Argon & Co which offers services that will be all the more critical and strategic for its clients in this new context.”

ABOUT ARGON & CO

Argon & Co is a global management consultancy that specializes in operations strategy and transformation. Its expertise spans the supply chain, procurement, finance and shared services, working together with clients to transform their businesses and generate real change. Its people are engaging to work with and trusted by clients to get the job done.
Argon & Co has offices in Paris, London, Abu Dhabi, Atlanta, Melbourne, Mumbai and Singapore.
www.argonandco.com

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$96bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.
Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.
Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 680 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 1,000 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
www.ardian.com

LIST OF PARTICIPANTS

– Argon & Co: Yvan Salamon, Fabrice Bonneau
– Ardian: Geoffroy de La Grandière, Frédéric Quéru, Mélissa Yvonnou- Legal and tax Advisors to Ardian: McDermott Will & Emery (Diana Hund, Herschel Guez, Marianne Zwobada – corporate / Pierre-Arnoux Mayoly, Hugo Lamour – banking)
– Financial Advisors to Ardian: KPMG (Philippe Blanadet, Arthur Texte)

– Corporate finance Advisors to Argon & Co: Rothschild & Co (Jean-Christophe Quiniou, Romain Golven)
– Legal and fiscal Advisors to Argon & Co: Paul Hasting (Olivier Deren, Charlotte Dupont, Vincent Nacinovic) and Jeausserand Audouard (Erwan Bordet, Antoine Le Roux, Elle Otto)
– Financial Advisors to Argon & Co: Oderis (Thomas Claverie, Leo Placzek)

– Bank arranger: LCL (Cécile Penard, Véronique Darchy)
– Legal Advisors to the banks: Hogan Lovells (Sabine Bironneau, Maria Klass, Aurélien Périgois)

PRESS CONTACTS

ARDIAN
Headland
Viktor Tsvetanov
vtsvetanov@headlandconsultancy.co.uk
Tel: +44 020 3435 7469
ARGON & Co
Johanna Balabane-Dugas
Johanna Balabane-Dugas@argonandco.com
Tel: +33 (0)1 55 46 13 00
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