Archives

Tikehau Capital completes the sale of ENSO to Igneo Infrastructure Partners

Tikehau

ENSO is Spain’s leading bioenergy platform, dedicated to decarbonising industrial customers. It currently operates 200MWth of installed thermal capacity and has a scalable pipeline to develop additional 400MWth over the next three years.

• The transaction demonstrates Tikehau Capital’s value creation strategy through its Private Equity Decarbonisation Strategy, transforming an asset carve-out from Gestamp Renewables into Spain’s leading industrial decarbonisation platform. • Under Igneo’s ownership, ENSO is expected to continue to deliver top-tier services to existing clients such as García Carrión, Solvay, Acor and International Paper, among others.

• The scope of the transaction is 100% of the shareholding in ENSO. Tikehau Capital, the global alternative asset management group, and Igneo Infrastructure Partners (Igneo), today announced the completion of the sale of ENSO to Igneo. Headquartered in Madrid, ENSO is Spain’s leading integrated bioenergy platform, specialising in the engineering, development, financing, construction, operation and supply of electric, thermal and cogeneration biomass plants. These facilities are designed for large thermalintensive industrial clients aiming to decarbonise onsite heat and/or electricity generation, replacing natural gas or other fossil fuels. ENSO’s ambitious growth strategy targets the development of approximately 400MWth in biomass projects over the next three years, supported by an initial investment programme of approximately €450 million. The platform currently operates five assets and manages a robust pipeline of projects at various stages of development, with several now entering the construction phase. This initiative aims to offset up to 500,000 tonnes of CO2 emissions, reflecting ENSO’s mission to deliver sustainable thermal energy solutions to top-tier industrial clients across the Iberian Peninsula. The company is also actively seeking to contribute to the renewable fuels transition by capturing and supplying biogenic CO2, leveraging the experience gained in the first carbon capture unit (CCU) already operational in its portfolio. This project is being carried out in partnership with Carburos Metálicos under the LIFE granting scheme.

Tikehau Capital invested in ENSO in 2020 through the carve-out of Acek Renewables’ biomass businesses from the Gestamp Group. In response to rising demand for renewable thermal energy to reduce CO2 emissions, ENSO has become a trusted partner for corporates in sectors such as food & beverage, paper and chemicals, supporting their transition to lowcarbon operations. The acquisition of ENSO further expands Igneo’s renewables footprint in the Iberian Peninsula, highlighting its long-term commitment to driving the global energy transition. Other assets in Igneo’s European renewables sector include DAH Group, an integrated renewable energy company in Germany, and Finerge, Portugal’s second-largest renewable energy producer. 1 2 PRESS RELEASE  MADRID, 18 DECEMBER 2024

David Martín, Co-Head of Iberia at Tikehau Capital, declared: “ENSO’s growth under Tikehau Capital’s stewardship embodies our core mission: identifying and empowering companies that drive meaningful, transformative change. Since our investment in 2020, ENSO has established itself as a key player in the decarbonisation and reindustrialisation of critical sectors across Spain and Portugal. We are proud to have supported ENSO in reaching this significant milestone and are confident that, under Igneo’s ownership, the company will continue to play a pivotal role in the energy transition.”

Hamish Lea-Wilson, Partner and Head of Europe at Igneo Infrastructure Partners, commented: “We are delighted to support ENSO in its mission to decarbonise leading Spanish industrial players, provide the financial support to deliver its current project pipeline, and to contribute to both Spain’s energy independence and net zero targets. Our proactive and long-term approach to investing is fully aligned with ENSO’s strategy. With its impressive track record, ENSO is an ideal platform to further grow and support circular solutions for the Spanish economy while actively driving role the biofuels transition.” Elías Hernández, CEO of ENSO, said: “ENSO’s success has been an exciting journey with Tikehau Capital, and I believe Igneo is the right partner to further accelerate our progress. I also want to acknowledge the value generated by ENSO’s team, who have transformed the company from an industrial conglomerate’s business unit into Spain’s leading industrial decarbonisation platform. Together with Igneo, we remain committed to diving innovation and sustainability in the industry.” PRESS RELEASE  MADRID, 18 DECEMBER 2024 PRESS

CONTACTS: Tikehau Capital: Valérie Sueur – +33 1 40 06 39 30 Spain – Kreab: Borja Miquel – +34 635 58 54 41 UK – Prosek Partners: Philip Walters – +44 (0)7773331589 US – Prosek Partners: Trevor Gibbons – +1 646 818 9238 press@tikehaucapital.com Igneo Group: MHP Group – igneo@mhpgroup.com SHAREHOLDER AND INVESTOR CONTACTS (Tikehau Capital): Louis Igonet – +33 1 40 06 11 11 Théodora Xu – +33 1 40 06 18 56 shareholders@tikehaucapital.com

ABOUT TIKEHAU CAPITAL Tikehau Capital is a global alternative asset management Group with €47.1 billion of assets under management (as of 30 September 2024). Tikehau Capital has developed a wide range of expertise across four asset classes (credit, real assets, private equity and capital markets strategies) as well as multi-asset and special opportunities strategies. Tikehau Capital is a founder-led team with a differentiated business model, a strong balance sheet, proprietary global deal flow and a track record of backing high quality companies and executives. Deeply rooted in the real economy, Tikehau Capital provides bespoke and innovative alternative financing solutions to companies it invests in and seeks to create long-term value for its investors, while generating positive impacts on society. Leveraging its strong equity base (€3.1 billion of shareholders’ equity as of 30 June 2024), the Group invests its own capital alongside its investor-clients within each of its strategies. Controlled by its managers alongside leading institutional partners, Tikehau Capital is guided by a strong entrepreneurial spirit and DNA, shared by its 767 employees (as of 30 September 2024) across its 17 offices in Europe, the Middle East, Asia and North America. Tikehau Capital is listed in compartment A of the regulated Euronext Paris market (ISIN code: FR0013230612; Ticker: TKO.FP). For more information, please visit: www.tikehaucapital.com.

ABOUT IGNEO INFRASTRUCTURE PARTNERS Igneo is an autonomous investment team in the First Sentier Investors Group. It invests in high-quality, mature, mid-market infrastructure companies in renewables, digital infrastructure, waste management, water utilities and transportation/logistics sectors in the UK, Europe, North America, Australia and New Zealand. Operating since 1994, the team works closely with portfolio companies to create long-term sustainable value through innovation, a focus on responsible investment and proactive asset management. Igneo manages €17.9bn worth of assets (as at 30 September 2024) on behalf of more than 200 institutional investors around the world. For more information, visit www.Igneoip.com. 3 PRESS RELEASE  MADRID, 18 DECEMBER 2024

 

DISCLAIMER The strategy mentioned in this press release is reserved for professional investors and is managed by Tikehau Investment Management SAS, a portfolio management company approved by the AMF since 19/01/ 2007 under the number GP-07000006. Non-contractual document intended exclusively for journalists and media professionals. The information is provided for the sole purpose of enabling them to have an overview of the transactions, whatever the use they make of it, which is exclusively a matter of their editorial independence, for which Tikehau Capital declines all responsibility. This document does not constitute an offer to sell securities or investment advisory services. This document contains only general information and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current forecasts, prevailing market and economic conditions, estimates, projections and opinions of Tikehau Capital and/or its affiliates. Owing to various risks and uncertainties actual results may differ materially from those reflected or expected in such forward-looking statements or in any of the case studies or forecasts. Tikehau Capital accepts no liability, direct or indirect, arising from the 4 information contained in this document. Tikehau Capital shall not be liable for any decision taken on the basis of any information contained in this document. All references to Tikehau Capital’s advisory activities in the US or with respect to US persons relate to Tikehau Capital North America

Categories: News

Tags:

Gryphon Investors Completes Successful Sale of Kano Laboratories

Gryphon Investors

Exits Iconic Premium Branded Chemicals Platform After ~3x Revenue GrowthDuring Gryphon’s Ownership

Gryphon Investors (“Gryphon”), a leading middle-market private equity firm, announced today the sale of Kano Laboratories (“Kano” or “the Company”), a leading branded manufacturer of premium industrial penetrants and synthetic greases. Terms of the transaction were not disclosed.

Founded in 1939, Kano is a leading manufacturer of iconic Kroil®-branded penetrating oils used to loosen corroded metal parts. In early 2024, Kano acquired Synco Chemical Corporation, a manufacturer of food-grade greases, oils, and lubricants sold under the Super Lube brand. The Company serves diverse professional users in the industrial maintenance, repair, and operations (“MRO”) sector and specialty trades. Over the Company’s longstanding history, both brands have developed a passionate, enthusiastic customer base for their best-in-class products, which professionals and DIY enthusiasts trust to solve high-cost, mission-critical problems.

Keith Stimson, Deal Partner and Co-Head of Gryphon’s Heritage Group, said, “We are proud to have realized our vision of building on the impressive history of the iconic 85-year-old Kroil brand, positioning it for continued success as a market-leading platform of branded MRO chemicals. During our four-year hold, we built a terrific management team and collaborated with them to institute a sophisticated go-to-market strategy, enter new distribution channels, and build out our product portfolio through the acquisition of Super Lube. We were able to establish Kano as a scarce and scalable platform that is well poised to execute on many exciting growth opportunities ahead.”

Kano CEO Mark Klein commented, “Our partnership with Gryphon allowed us to transform the business as we scaled and solidified our place as a leader in premium branded penetrants, lubricants and greases.  The Gryphon operating resources we were able to collaborate with were truly value-add and helped us set and execute on a distinctive growth strategy including successfully penetrating more trade channels.”

BMO served as Gryphon’s lead financial advisor, and Houlihan Lokey served as financial advisor. Kirkland & Ellis acted as Gryphon’s legal advisor.

# # #

About Gryphon Investors

Gryphon Investors is a leading middle-market private investment firm focused on profitably growing and competitively advantaged companies in the Business Services, Consumer, Healthcare, Industrial Growth, Software, and Technology Solutions & Services sectors. With approximately $9+ billion of assets under management, Gryphon prioritizes investments in which it can form strong partnerships with founders, owners, and executives to accelerate the building of leading companies and generate enduring value through its integrated deal and operations business model. Gryphon’s highly differentiated model integrates its well-proven Operations Resources Group, which is led by full-time, Gryphon senior operating executives with general management, human capital acquisition and development, treasury, finance, and accounting expertise. Gryphon’s three core investment strategies include its Flagship, Heritage, and Junior Capital strategies, each with dedicated funds of capital. The Flagship and Heritage strategies target equity investments of $50 million to $500 million per portfolio company. The Junior Capital strategy targets investments of $10 million to $25 million in junior securities of credit facilities, arranged by leading middle-market lenders, in both Gryphon-controlled companies, as well as in other private equity-backed companies operating in Gryphon’s targeted investment sectors.

Contact:
Lambert by LLYC

Caroline Luz

203-570-6462

cluz@lambert.com

or

Jennifer Hurson

845-507-0571

jhurson@lambert.com

Categories: News

Tags:

B+N acquires KÖBERL Group, a leading provider of facility management and technical building services, from Gimv

GIMV

The European investment company Gimv has sold its majority stake in KÖBERL Group, a leading German provider of facility management and building technology services, to the Hungarian company B+N Referencia Zrt. (“B+N”), the facility management market leader in Central and Eastern Europe. Armin and Karl Köberl, co-owners and co-CEOs, will remain shareholders and managers.

Based in Aschheim-Dornach near Munich, KÖBERL Group (www.koeberl.group) can look back on over 120 years of history. Today, the company is an established partner in the areas of facility management and building technology. With around 600 employees, the Köberl Group offers comprehensive solutions for residential, commercial and industrial properties. Thanks to a clear focus on quality and customer orientation, the Group has established itself as a leading full-service provider.

Gimv with the Messrs. Köberl have, since the start of their partnership in 2020, invested strongly in the expansion and strategic development of the company as well as its further digitalization. In addition to significant organic growth, particularly in facility management and in other regions, the service portfolio was expanded with targeted acquisitions and focus on recurring customers and revenues was strengthened.

Armin and Karl Köberl, Managing Directors and co-owners of the KÖBERL Group, declare: “With Gimv, we had an experienced and reliable partner at our side who provided us with significant support in implementing our growth strategy. We are looking forward to the next chapter with B+N to continue our success story, open up new potential for our customers and offer our employees even more prospects.”

Ferenc Kis-Szölgyémi, Managing Director and owner of B+N, declares: “We are delighted to support the KÖBERL Group, together with Messrs. Köberl, in the next phase of growth, especially in the further international expansion and the strengthening of vertical integration, specifically in infrastructural facility management. With Gimv’s guidance, Messrs. Köberl have built a high-performance company that responds to the critical needs of its customers and has a DNA that combines service orientation, agility and proximity – just like B+N. We are therefore particularly proud to have convinced Messrs. Köberl of our ability to support them in accelerating the Group’s development.”

Maja Markovic, Partner Gimv Sustainable Cities and Advisory Board Member of the KÖBERL Group, adds: “Our partnership with the KÖBERL Group is a success story in the German market. Together with Messrs. Köberl, we were able to significantly accelerate the Group’s growth and expand the company to become a leading full-service provider in building technology and management – one of the core product and services areas of Gimv’s Sustainable Cities platform. We would like to thank the entire KÖBERL Group team for their trusting cooperation.”

With this transaction, Gimv once again demonstrates its expertise in building leading companies through sustainable value creation and its ability to develop successful partnerships with entrepreneurs and management teams. The transaction is expected to close in Q1 2025.

Gimv anticipates a positive impact of approximately 1 euro per share on NAV as of September 30, 2024. The return achieved significantly exceeds Gimv’s long-term portfolio return target. The parties have agreed not to disclose further financial details of the transaction.

Categories: News

Our Series A Investment in Nuitée: API Infrastructure for Global Travel

Accel

Accel has a deep history of partnering with companies at scale, often based outside of Silicon Valley, led by truly great leaders, and have little to no external capital, like Atlassian, Braintree, Qualtrics, and Bird (formerly MessageBird). This approach aligns perfectly with our latest partnership, Nuitée, a company that has been quietly building a profitable business outside Silicon Valley for the past seven years.

Nuitée, led by CEO and founder Med Benmansour, is a global infrastructure provider powering the travel and hotel industry. Originating from Morocco and Spain, it has become an unexpected force: partnering with industry leaders like Hopper, Expedia, Priceline, Google, and Uber. Nuitée’s core strength lies in simplifying a complex web of suppliers and hotels into a single, user-friendly API, enabling businesses to offer travel products seamlessly.

Their approach reminds us of other interesting API-first companies in our portfolio, such as Checkr, Braintree, Scale AI, and Snyk. Med’s operational discipline echoes that of Atlassian, Braintree, and Qualtrics, building a scaled global business while generating cash every year.

Already, Nuitée is poised to disrupt the $75B B2B hotel market, which has surpassed pre-pandemic levels. The current B2B hotel industry is a fragmented mix of hotels, agents, bed banks, aggregators, and third-party suppliers, often plagued by poor coverage, unreliable technology, and opaque pricing. Nuitée’s modern tech stack and strong, direct hotel relationships offer a refreshing alternative.

As Nuitée becomes an increasingly integral part of B2B inventory distribution, it is also building a range of software solutions for hotels and sellers alike to distribute and operate their businesses more effectively. Over time, we believe Nuitée will become a central pillar of the travel ecosystem.

While Med didn’t need to “raise” capital, we admire his global ambition to build a unique and special company. We’re excited to lead Nuitée’s $48M Series A and partner with Med and his team as they work towards becoming the API backbone of the travel industry.

Categories: News

Tags:

Global Travel Technology Company OYO Completes Acquisition of G6 Hospitality from Blackstone Real Estate

Blackstone

New Delhi & Dallas – Oravel Stays, the parent company of the global travel technology company OYO, today announced that it has completed its previously announced acquisition of G6 Hospitality, the leading economy lodging franchisor and parent company of the iconic Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million.

Advisors
Goldman Sachs & Co. LLC acted as Blackstone’s lead advisor and Jones Lang LaSalle Securities, LLC and PJT Partners acted as financial advisors. Simpson Thacher & Bartlett LLP served as Blackstone’s legal advisor.

Deutsche Bank & Mizuho Securities served as OYO’s advisor in various capacities.

The transaction was announced on September 20, 2024.

###

About OYO
OYO is a global platform that empowers entrepreneurs and small businesses with hotels and homes by providing full-stack technology products and services that aim to increase revenue and ease operations; bringing easy-to-book, affordable, and trusted accommodation to customers around the world. OYO offers 40+ integrated products and solutions to patrons who operate over 175K hotel and home storefronts in more than 35 countries including India, Europe and Southeast Asia. For more information, visit here

About G6 Hospitality LLC
G6 Hospitality LLC is a leading economy lodging franchisor, with nearly 1,500 economy lodging locations under the iconic Motel 6 brand and the Studio 6 Extended Stay brand in the United States and Canada. G6 Hospitality is committed to making hospitality accessible to all through responsible business practices and unparalleled opportunity for franchisees to build a legacy through ownership. Both Motel 6 and Studio 6 were recognized in the 2024 Entrepreneur Franchise 500® report, with Motel 6 ranking in the top 50 of all franchises. The Carrollton, Texas, based company was named a 2024 Leader in Diversity by Dallas Business Journal. For more information, please visit http://www.g6hospitality.com/.

About Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $336 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office and hospitality. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT). Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).

CONTACTS:

OYO
Anupriya Malik
Anupriya.d@oyorooms.com

G6 Hospitality
Maggie Giddens
Giddens_Maggie@g6hospitality.com
 
Blackstone
Jeffrey Kauth
Jeffrey.Kauth@Blackstone.com

Categories: News

Tags:

Novacap Announces Partnership with Consilium Insurance

Novacap

Montreal, December 9, 2024 – Novacap, a leading North American private equity firm, announced today its partnership with Consilium Insurance (“Consilium”), a leading property & casualty insurance firm specializing in commercial and personal insurance solutions. This strategic partnership aims to accelerate Consilium’s growth, expand its operations across Canada, and establish a robust national platform in the damage insurance brokerage industry.

Consilium is headquartered in Montreal and was founded in 2013 with the mission to bring large-company expertise and service levels to the middle market. The Company has built a strong reputation for delivering tailored insurance services to individuals, businesses, and organizations. The company’s client-centric approach and deep insurance expertise have positioned it as a trusted advisor in the insurance sector.

“Novacap is thrilled to partner with Consilium and support their vision of becoming a leading national insurance brokerage” said Jean-Philippe Garant, Principal, Financial Services, at Novacap. “Consilium’s commitment to excellence and service aligns perfectly with our values. Together, we will create long-term value by leveraging our combined resources to drive growth.”

“Joining forces with Novacap marks a significant milestone for Consilium. Their extensive experience in the insurance industry and strategic support will be invaluable as we embark on this next phase of growth,” commented Christian Foisy, President of Consilium. “We look forward to expanding across Canada and North America while maintaining the high standards of service we offer our clients.”

This investment underscores Novacap’s dedication to fostering growth in the financial services sector by partnering with dynamic companies poised for expansion. Consilium becomes the seventh platform investment in Novacap’s Financial Services I fund.

About Consilium Insurance

Founded in 2013 and headquartered in Montreal, Quebec, Consilium specializes in delivering comprehensive commercial and personal insurance brokerage services. With a focus on personalized solutions and client satisfaction, Consilium serves a diverse clientele across various industries. For more information, visit www.groupeconsilium.ca.

About Novacap

Novacap is a leading North American private equity investor and one of Canada’s most experienced private equity firms. Founded in 1981 to partner with visionary entrepreneurs, Novacap focuses on middle market companies in four core sectors: Technologies, Industries, Financial Services, and Digital Infrastructure. Novacap combines deep sector-specific expertise with strategic and operational excellence to support entrepreneurs and management teams. Since its inception, the firm has made primary and add-on investments in more than 250 companies. With over C$10 billion in assets under management and a presence across offices in Montreal, Toronto, and New York, Novacap continues to drive innovation and growth. For more information, please visit: https://novacap.ca.

Categories: News

Tags:

BC Partners agrees to sell majority stake in Synthon to Goldman Sachs Alternatives

BC Partners Logo
  • Under BC Partners’ active ownership, Synthon has expanded rapidly, more than doubling EBITDA
  • Transaction maintains BC Partners’ momentum in realisations, generating c.€13bn in monetisations over the past 18 months, and c.€9bn in 2024

BC Partners, a leading international investment firm, and Goldman Sachs Alternatives today announced that they have entered into an agreement under which the Private Equity business at Goldman Sachs Alternatives will acquire a majority stake in Synthon, a leading international pharmaceutical company, from funds advised by BC Partners. BC Partners will retain a minority stake in Synthon to support future growth. Terms of the transaction were not disclosed.

BC Partners acquired its majority stake in Synthon from the company’s founders in 2019 through a bilateral transaction. Leveraging its significant pharmaceutical and generic drugs sector expertise – gained through prior investments such as Pharmathen – BC Partners, together with the management, was able to drive significant organic growth and geographic expansion with a focus on commercial excellence, R&D, technology differentiation, and operational excellence. Since the initial investment five years ago, Synthon has more than doubled EBITDA and cemented its leading position in the sector.

Mark Hersee, Partner and Co-Head of Healthcare at BC Partners, said: “Synthon is a fantastic business and it has been a pleasure to partner with Anish and the rest of the team since we first invested in 2019. During our ownership we have heavily invested in additional complex technologies, expanded manufacturing capabilities, and strengthened the team to enter new geographies, all building on the great work of the Founders. We see great potential for Synthon, and it is for that reason we are delighted to partner with the Goldman Sachs Alternatives team in continuing to grow and expand the business.”

Anish Mehta, Synthon CEO, said: “The journey over the last few years with BC Partners has been an exciting one – and we thank them for their support and collaboration. They have been an important strategic partner for Synthon and the management team as we transformed the business into a best-in-class, high-growth development company. Working together to identify opportunities, we made significant strategic investments to accelerate our growth, improve our operational network and advance our R&D platforms and capabilities for increasingly complex generics. As we look to the next phase of our growth journey, we are excited to be partnering with Goldman Sachs Alternatives, and continuing to work with BC. The network, expertise and combined resources of both firms will be a key enabler for our continued growth and success in the coming years.”

Adam Dawson, Managing Director and Global Co-Head of Healthcare Private Equity at Goldman Sachs Alternatives, said: “We look forward to collaborating with management to drive value creation through product and pipeline development and operational excellence initiatives as well as execute on our joint vision to strengthen Synthon’s global impact. Synthon’s track record and expertise in complex drug development, intellectual property formation, and manufacturing position it well to capture the secular growth of generic medicines and increase access to affordable medicines for patients globally.”

Michael Bruun, Partner and Global Co-Head of Private Equity at Goldman Sachs Alternatives, said: “We have keenly followed Synthon’s trajectory for many years and see tremendous opportunities for future growth. We are thrilled to partner with BC Partners and Synthon’s management. We look forward to supporting management with the Goldman Sachs network and value acceleration resources.”

With this transaction, BC Partners has generated c.€13bn in proceeds over the past 18 months, delivering c.€9bn in 2024 alone. These monetisations demonstrate the high quality of businesses and exit optionality which underpin BC Partners’ portfolio and position in the market. Recent monetisations include the exit of Forno d’Asolo Group, IMA Industria Macchine Automatiche SpA, Presidio and GardaWorld as well as the successful listing of Springer Nature on the Frankfurt Exchange in October 2024.

BC Partners was advised by Rothschild & Co, Barclays, Latham & Watkins, and PwC.

The transaction, which is subject to customary closing conditions, is expected to close in Q2 2025.

–ENDS —

About BC Partners BC Partners is a leading investment firm with circa €40 billion in assets under management across private equity, private debt, and real estate strategies. Established in 1986, BC Partners has played an active role for over three decades in developing the European buy-out market. Today BC Partners integrated transatlantic investment teams work from offices in Europe and North America and are aligned across our four core sectors: TMT, Healthcare, Services & Industrials, and Consumer. Since its foundation, BC Partners has completed over 128 private equity investments in companies with a total enterprise value of over €160 billion and is currently investing its eleventh private equity buyout fund. For further information, please visit https://www.bcpartners.com/

About Synthon Synthon is a vertically integrated, global leader in the development and manufacturing of complex generics. For over three decades, the Company has established a proven track record of launching IP differentiated, complex products at market formation. Synthon has a global footprint with direct presence in eight countries, including four R&D labs as well as four manufacturing sites located in Spain, Czech Republic, Argentina, and Chile. The Company is headquartered in the Netherlands and has approximately 1,600 employees. With a portfolio of over 70 molecules, and diversified base of more than 200 customers serving around 100 countries, Synthon is delivering on its mission of Enabling Affordable Medicines Globally. Follow us on LinkedIn. For further information, please visit https://www.synthon.com/

Categories: News

Tags:

Gryphon Investors Announces Investment in phData

Gryphon Investors

Partners with Management to Scale Next Generation Data and AI Services Platform

Gryphon Investors (“Gryphon”), a leading middle-market private equity firm, announced today that it has completed a majority growth recapitalization of phData (the “Company”), an industry leader in developing and delivering modern data applications and AI solutions. This investment will support phData’s continued growth of its differentiated set of end-to-end offerings and its expert global team. As part of the transaction, the Company’s management team, including CEO Ryan Bosshart, will retain a significant equity stake in the Company. Financial terms for the transaction were not disclosed.

phData, one of the largest pure-play data engineering companies globally, is certified as a Snowflake Elite Services Partner and an AWS Advanced Consulting Partner. Specializing in AI and data applications, phData offers services including data engineering, AI and machine learning, analytics, and visualization. Founded in 2014 and based in Minneapolis, MN, phData serves the world’s top brands in the financial services, manufacturing, healthcare & life sciences, and retail & CPG industries.

Gabe Stephenson, Partner and Head of the Technology Solutions & Services Group at Gryphon, said, “phData is incredibly well-positioned to capitalize on the punctuated change and positive tailwinds driven by data and AI. phData has an advantaged market position and leading brand in data and AI services, underpinned by strong and long-term customer relationships, a highly talented team of skilled engineers, and a humble and hungry management team. We look forward to partnering with phData to help the Company capture the tremendous opportunity that exists.”

phData represents Gryphon’s fourth platform investment in a Technology Solutions & Services company, following partnerships with 3Cloud, NewRocket, and Caylent.

Mr. Bosshart added, “We are excited to have found a partner in Gryphon that shares our vision of innovative, efficient data and AI solutions driving real world business value. Their proven track record of helping leading solutions and services companies scale in the technology space will enable us to build on our momentum and accelerate our growth.”

Guggenheim Securities acted as financial advisor to phData. Latham & Watkins, Winthrop & Weinstine, and Gunderson Dettmer acted as legal advisors to phData. Kirkland & Ellis acted as legal advisor to Gryphon, and Lazard acted as financial advisor to Gryphon.

# # #

About phData

phData is a leading AI and data services company that specializes in AI and data applications, from conception to production. The company’s global delivery team partners with the world’s top brands to execute data initiatives in artificial intelligence, data engineering, applications, analytics, and managed services for cloud platforms.

About Gryphon Investors

Gryphon Investors is a leading middle-market private investment firm focused on profitably growing and competitively advantaged companies in the Business Services, Consumer, Healthcare, Industrial Growth, Software, and Technology Solutions & Services sectors. With approximately $9+ billion of assets under management, Gryphon prioritizes investments in which it can form strong partnerships with founders, owners, and executives to accelerate the building of leading companies and generate enduring value through its integrated deal and operations business model. Gryphon’s highly differentiated model integrates its well-proven Operations Resources Group, which is led by full-time, Gryphon senior operating executives with general management, human capital acquisition and development, treasury, finance, and accounting expertise. Gryphon’s three core investment strategies include its Flagship, Heritage, and Junior Capital strategies, each with dedicated funds of capital. The Flagship and Heritage strategies target equity investments of $50 million to $500 million per portfolio company. The Junior Capital strategy targets investments of $10 million to $25 million in junior securities of credit facilities, arranged by leading middle-market lenders, in both Gryphon-controlled companies, as well as in other private equity-backed companies operating in Gryphon’s targeted investment sectors.

Contact:

Lambert

Caroline Luz

203-570-6462

cluz@lambert.com

or

Jennifer Hurson

845-507-0571

jhurson@lambert.com

Categories: News

Tags:

CDPQ invests USD 240 million to propel TerraPact’s growth in North America

Cdpq

CDPQ, a global investment group, and TerraPact, an owner and operator of real estate that underpins America’s wireless, broadband, and energy sectors, announced today the conclusion of an agreement under which CDPQ will provide USD 240 million (CAD 335 million) in senior financing to support the growth of TerraPact’s real estate portfolio across the United States and in British Columbia, Canada. The investment will also refinance TerraPact’s existing debt structure.

TerraPact, a Columbia Capital portfolio company, manages a highly diversified platform comprised of long-term ground leases and rights of way for more than 700 assets. The platform benefits from long-term and resilient cash flows, as each site underprops critical digital, utility and energy infrastructure.

“TerraPact is a strategically positioned ground lease platform which occupies a core position in the infrastructure value chain, delivering connectivity and energy across North America,” said  Marc Cormier, Executive Vice-President and Head of Fixed Income at CDPQ. “With this transaction, CDPQ is providing a bespoke infrastructure financing solution as sole lender, tailored to propel TerraPact’s growth ambitions over the years to come.”

“We are excited to continue our partnership with CDPQ,” said Ben Myers, CEO of TerraPact. “This growth financing will allow us to continue our multi-year strategy of becoming one of America’s premier energy and digital infrastructure landowners. We couldn’t be more excited to move forward with CDPQ’s best-in-class financing team.”

ABOUT CDPQ

At CDPQ, we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public pension and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at June 30, 2024, CDPQ’s net assets totalled CAD 452 billion. For more information, visit cdpq.com, consult our LinkedIn or Instagram pages, or follow us on X.

CDPQ is a registered trademark owned by Caisse de dépôt et placement du Québec and licensed for use by its subsidiaries.

ABOUT TERRAPACT

Founded in 2012 and headquartered in Waltham, Massachusetts, TerraPact is a leading acquirer and manager of real estate assets critical to infrastructure within North America’s wireless, broadband, and energy sectors. TerraPact offers asset owners a unique opportunity to divest and monetize their holdings through flexible and economically rewarding transactions. For more information, please visit terrapact.com.

ABOUT COLUMBIA CAPITAL

Columbia Capital was founded over 30 years ago and, in that time, has developed a repeatable investment model guided by a specialized and experienced team. Columbia focuses on the investments in the digital infrastructure, enterprise technology, and mobility spaces and has raised over $8B in fund commitments. For more information, please visit www.colcap.com.

– 30 –

For more information

Categories: News

Tags:

Warburg Pincus Announces $2.2B Multi-Asset Continuation Fund

Warburg Pincus logo

New York, NY – December 16th, 2024 – Warburg Pincus, the pioneer of private equity global growth investing, today announced the first close of its first multi-asset continuation fund transaction, with over $2.2 billion in commitments. The transaction was co-led and fully capitalized by HarbourVest Partners, Ardian and Canada Pension Plan Investment Board (CPP Investments).  The lead investors underwrote the entirety of the raise with no required syndication. The fund includes Warburg Pincus portfolio companies that are diversified across geographies and industry sectors.

This strategic transaction offered the Limited Partners optionality, either locking in strong returns and eliminating future market and business risk through this sale, or rolling into the Continuation Fund to maintain asset exposure and potential future upside.  Additionally, the transaction provides the portfolio companies with incremental time and capital to pursue additional valuation creation initiatives under the continued stewardship of Warburg Pincus and with ongoing relationship consistency for management teams.

“Our focus is on driving value and realizing attractive returns for our investors through active portfolio and risk management, including developing creative and flexible paths to liquidity. It is this mindset and approach that has allowed us to be a net provider of capital back to our investors in nine of the last ten years, a fact we are incredibly proud of,” said Jeffrey Perlman, CEO, Warburg Pincus. “We are also proud of the success each of these companies have achieved to-date and strongly believe that this transaction will provide the portfolio with greater resources, time and flexibility to execute on its next phase of growth.”

“This transaction provides our investors with an option to take accelerated liquidity at a market-driven price, while allowing the portfolio companies the opportunity to continue to pursue their long-term growth plans, a win-win for all involved,” added Eddie Huang, Managing Director, Global Head of Fundraising and Investor Relations, Warburg Pincus. “We look forward to partnering with HarbourVest Partners, Ardian and CPP Investments on this new fund and working with our portfolio companies on their next phase of growth.”

Kirkland & Ellis served as legal counsel and Evercore served as financial advisor to Warburg Pincus.

About Warburg Pincus

Warburg Pincus LLC is the pioneer of private equity global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $86 billion in assets under management, and more than 230 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.

The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com or follow us on LinkedIn.

Contact

Kerrie Cohen | Managing Director, Global Head of Communications & Marketing

kerrie.cohen@warburgpincus.com

Categories: News

Tags: