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Cignal announces refinance and expansion of financing facility to €65m

InfraVia

Funds will support portfolio development and expansion of tower network
• Bank of Ireland leads lenders alongside AIB
• Backed by infrastructure investor Infravia Capital Partners

Cignal, Ireland’s fastest growing provider of telecommunications infrastructure, has today announced it has refinanced and expanded its financing facility, which will provide funding to support the expansion of its network of telecoms and broadband communications towers.

Cignal’s acquisition of Coillte’s tower portfolio in 2015 was supported by an initial €31.5m facility. This is now being refinanced and expanded to €65m, providing additional funding to be invested in new telecoms and broadband communications towers to address coverage blackspots throughout Ireland.
Bank of Ireland, who have been a lender to Cignal since the company was set up in 2015, acted as lead arranger for the new facilities along with AIB who are now a joint lender to the business.
Cignal recently announced that it had spent €15m on acquiring and building new telecoms and broadband communications towers in the past 18 months, giving it a portfolio in over 500 key locations across urban and rural Ireland.

Cignal’s CEO Colin Cunningham said:
“We are very pleased to have refinanced and enlarged our banking facility to ensure that we have capital to support our expansion plans. Having invested €15m in acquisitions and new tower developments in the past 18 months, the new bank facility will support the next phase in our growth plans’’

Cignal’s Chairman Donal O’Shaughnessy said:
‘’This development shows our commitment to provide valuable infrastructure to help provide telecoms and broadband services to local communities. The support shown by both Bank of Ireland and AIB has provided us with a flexible and enlarged facility thus ensuring we can continue to build telecoms infrastructure in the areas where it is needed most.’’
Maurice Healy, Director, Corporate Banking, Bank of Ireland said
“Lending to high quality Irish infrastructure assets is an attractive proposition and we are delighted to act as lead arranger in this enlarged lending facility for Cignal. Given the clear demand for enhanced and expanded mobile and broadband coverage across Ireland we are very comfortable with the expansion plans that Cignal have outlined to us, which will help improve coverage and speeds for mobile and broadband users across Ireland.”
The refinancing has been supported by its majority shareholder Infravia Capital Partners, a specialist infrastructure investor managing over €4bn in assets. In Ireland Infravia has acquired hospital group the Mater Private and nursing homes operator CareChoice.

Infravia Partner, Bruno Candes said:
“Infravia Capital Partners are delighted that these new facilities are now in place to support the continued growth trajectory of Cignal since we invested to support the Coillte transaction in 2015. The Cignal team have a clear roadmap to build its portfolio of towers and Infravia and both Bank of Ireland and AIB have shown their commitment to supporting this expansion”

Cignal now has 18% of the Irish market for infrastructure supporting mobile, fixed wireless broadband communications and broadcast services, with a customer base that includes all the main mobile services providers in Ireland, the emergency services and FM radio stations. Cignal is committed to further investment in the construction of new towers, and acquisitions as the market continues to consolidate.

For further information, please contact:
• Doug Keatinge, Murray, +353-1-4980379 / +353-86-0374163 / dkeatinge@murraygroup.ie

About Cignal
Cignal is Ireland’s newest provider of telecommunications infrastructure. It launched its business in 2015 with the acquisition of a portfolio of 400 tower from Irish state forestry company Coillte, and through further acquisitions and expansion now has a portfolio of over 500 towers. Cignal specialises in maximising the efficient use of tower infrastructure through hosting the equipment of multiple operators on its sites, thereby reducing costs for users and reducing the proliferation of unnecessary towers. Cignal’s main shareholders are specialist infrastructure investor Infravia Capital Partners and telecoms infrastructure veteran Donal O’Shaughnessy who also serves as Chairman of the company. The company has ambitious plans for further investment to expand its network and improve mobile and broadband coverage throughout Ireland in areas poorly served today. www.cignal.ie

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Nordic Capital has sold its remaining holding in Saferoad

Nordic Capital

SEPTEMBER 17 2018
Nordic Capital has sold its remaining holding in Saferoad ImageNordic Capital has divested its remaining shares in Saferoad Holding ASA (“Saferoad”), a European leading provider of road safety and infrastructure solutions.

“Nordic Capital acquired Saferoad a decade ago; since then the company has gone through a substantial expansion and is now positioned for further growth,” says Olof Faxander, Operating Partner, advisor to the Nordic Capital Funds.

At the time of the acquisition in 2008, Saferoad had 1,300 employees in 10 countries and the company was mainly focused on Scandinavia and Eastern Europe.  Since then Saferoad has made several add-on acquisitions and entered new markets. Today, there are 2,800 employees in more than 20 countries across Europe. During Nordic Capital’s ownership period, Saferoad’s revenue has grown from EUR 285 million (2007) to EUR 610 million (2017).

The company was listed on the Oslo Stock Exchange in May 2017 and now the journey will continue under different ownership, as Nordic Capital’s remaining holding was sold to FSN Capital V on September 11, 2018, in connection with a voluntary cash offer to acquire all of the shares in Saferoad.

Saferoad’s business comprises of road signs and technical traffic products, road marking, roadway illumination, road railings and bridge parapets, and rock and tunnel securing. The company plays an important role at various stages throughout new road construction projects and the maintenance or upgrades of existing roads.

“To summarise, Saferoad has transformed into a European market leader in the attractive road safety and infrastructure solutions space. With support from Nordic Capital working closely with the management team, the company has followed a strategy of accretive acquisitions in a fragmented space and a focus on operational improvements. Saferoad has gone far and will now continue its journey further,” says Olof Faxander.

 

Media contact:

Nordic Capital

Katarina Janerud, Communications Manager
Advisor to the Nordic Capital Funds
Tel: +46 8 440 50 50
e-mail: katarina.janerud@nordiccapital.com

 About Saferoad:

Saferoad is a leading supplier of road safety and road infrastructure solutions in Europe. The Group offers a broad range of innovative and high-quality products and solutions to those who own, build and maintain roads. Saferoad is organised in two main business areas, Road Safety  and Road Infrastructure and has approximately 2800 employees. The company design, manufacture and deliver products and solutions that improve the road safety and road infrastructure standards and the Group has leading positions in several markets across Europe, combining strong responsiveness to customer needs through an extensive local presence and a cost-effective supply chain. Saferoad Group has its roots in the North Western part of Norway where operations started back in 1947. Today, the Group has expanded its activities to more than 20 countries in Europe. For further information about SafeRoad please visit www.saferoad.com

About Nordic Capital

Nordic Capital is a leading private equity investor in the Nordic region with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a proven track record. Core sectors are Healthcare, Technology & Payments, Financial Services, Industrial Goods & Services and Consumer & Retail, and key regions are the Nordics, Northern Europe, and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 13 billion in over 100 investments. The most recent fund is Nordic Capital Fund IX with EUR 4.3 billion in committed capital, principally provided by international institutional investors such as pension funds. The Nordic Capital Funds are based in Jersey and are advised by advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital, please visit www.nordiccapital.com

 

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ARDIAN GROWTH invests in software publisher IWD

Ardian

Paris, 17 September 2018 – Ardian, a world-leading private investment house, today announces its acquisition of a minority stake in IWD through a capital increase. This global technology company offers innovative 2D, 3D and virtual reality software through its various businesses and supports luxury brands in their retail and merchandising strategies as well as in their training programs.

Founded in Paris in 2000 by Gabriel Becker and Nicolas Martin, IWD controls the entire life of the product, from its creation to its enhancement at the point of sale. The firm enables brands to build, communicate and analyze their merchandising strategies. Having established itself as a leading player in the French market with a global reach, IWD stands out with a diversified portfolio of loyal customers made up by more than 300 brands. The company’s international expansion began in 2007, with the opening of its office in New York. It continued in 2017 with the opening of two more offices in Los Angeles and Singapore, allowing IWD to build closer relationships with its international clients. Today, the company has more than 50 employees worldwide.

Ardian is partnering with IWD to support the company’s organic growth and potential acquisitions. The initial focus will be on strengthening IWD’s offering and broadening its customer portfolio, particularly through expansion into new markets.

Nicolas Martin, co-founder of IWD, commented: “Thanks to its strong digital experience and excellent track record in France and internationally, Ardian Growth stood out as our preferred partner to support our development. We really look forward to collaborating with the Ardian team to continue our growth journey.”

Gabriel Becker, co-founder of IWD, added: “In order to accelerate our development and consolidate our leading market position, we have entered a new stage of growth, which will involve targeted acquisitions and expansion of our offer into more markets. For this new stage, Ardian is the natural partner thanks to its proven ability to provide expert support across international markets and expertise in areas relevant to our strategic challenges.”

Frédéric Quéru, Director at Ardian Growth, added: “The management of IWD has great expertise in digital and retail, which has allowed the company to become a leader in its market, as evidenced by its long-term relationships with major luxury brands such as Dior, Estée Lauder, Shiseido and L’Oréal. We look forward to working with IWD on its expansion strategy acquiring new customers and rolling out its offer to new markets.”

ABOUT IWD

Founded in 2000 by Gabriel Becker and Nicolas Martin, IWD is one of the leading merchandising software publishers that collaborates with more than three hundred leading brands such as L’Oreal, LVMH, VF Corp, Chanel, Nespresso and Shiseido.
The company, based in Paris, New York, Los Angeles and Singapore, has forged strategic partnerships with mostly international players.

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$71bn 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 530 employees working from fourteen 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). It manages funds on behalf of around 700 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Ardian on Twitter @Ardian
www.ardian.com

LIST OF PARTICIPANTS

IWD: Nicolas Martin, Gabriel Becker
Legal Advisor: Solferino (Bernard-Olivier Becker, Camille Chastagnier)

Ardian: Frédéric Quéru, Louise Gros
Legal, Fiscal and Social Advisor: Lamartine Avocats (Gary Lévy, Cindy Nlem, Raphaël Saulneron)
Financial Advisor: Next ! Financial Advisory (Hervé Krissi, Romain Bardou, Victor Reveret)

PRESS CONTACTS

ARDIAN
HEADLAND
Carl Leijonhufvud
cleijonhufvud@headlandconsultancy.com
Tel: +44 020 3805 482

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CapMan Growth Fund successfully exits Fluido Oy

CapMan Growth Fund successfully exits Fluido Oy

– the Finnish growth company becomes part of an international technology frontrunner

CapMan Growth Fund has, together with its other owners, signed an agreement on selling its holdings of Fluido Oy, the leading Salesforce partner in the Nordics, to Infosys, a global technology company. Fluido will continue to operate as an independent company. The acquisition is the first exit for the CapMan Growth Fund, established in 2017. The fund held a 29 per cent stake in Fluido, with the investment providing significant returns.

Fluido is one the largest and longest tenured independent Salesforce Platinum Consulting Partners in Europe. The company provides consulting, development and integration services tailored to clients’ needs, supporting clients in digitalising their business and creating excellent cloud services experiences with Salesforce technology. Fluido is headquartered in Espoo, with offices also in Sweden, Norway, Denmark and Slovakia. The company’s team of nearly 250 professionals comprises 30 different nationalities.

“We are very pleased with our investment in Fluido. The company is a true Finnish success story. Together with the founders, management and personnel, we have succeeded in growing its revenue nearly fivefold during our ownership due to domestic growth and fast internationalisation. We shared a goal of turning Fluido into the leading Nordic player in its industry, which we have achieved with great success.  Exceptional company management and committed personnel have made this achievement possible,” says Juha Mikkola, Managing Partner of CapMan Growth.

“Cooperation with the CapMan Growth team has been truly enjoyable for us. With the help of their persevering support, we have been able to grow fast and profitably and expand our operations into international markets. The current acquisition will provide us with a unique opportunity to serve our global clients even better. We also value the fact that we will continue as our own business under the Fluido brand after the transaction, treasuring our unique culture this way,” states Kai Mäkelä, Founder and CEO of Fluido.

Additional information:
Juha Mikkola, Managing Partner, CapMan Growth, Tel. +358 50 590 0522, juha.mikkola@capman.com
Kai Mäkelä, Founder and CEO, Fluido, Tel. +358 44 213 9812, kai.makela@fluidogroup.com

 

CapMan Growth is the partner for growth companies seeking capital and know-how for growth and M&A activities. CapMan Growth makes only minority investments in both private and public companies that operate in sufficiently large markets and are able to leverage their innovative services and solutions both in Finland and internationally. Our investment criteria further include professional and committed management, innovative service/product, proven business plan, growing revenues, significant market potential and unique competitive advantage.The objective of Growth investment activities is to find unlisted target companies with the potential to grow rapidly, to make significant minority investments in them and, as an active investor, to develop their value so as to achieve returns in excess of the market average through long-term ownership. Our recent investments include Arctic Security Oy and RealMachinery Oy.

CapMan is a leading Nordic private asset expert with an active approach to value-creation in its target companies and assets. 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 and created substantial value in these businesses and assets over the last 28 years. CapMan employs today approximately 120 private equity professionals and has approximately €2.8 billion in assets under management. We mainly manage the assets of our customers, the investors, but also make investments from our own balance sheet. Our objective is to provide attractive returns and innovative solutions to investors. Our current investment strategies cover Real Estate, Buyout, Russia, Credit, Growth and Infra. We also have a growing service business that currently includes procurement services (CaPS), fundraising advisory (Scala Fund Advisory), and fund management services. www.capman.com

Fluido is the leading Salesforce Consultancy and Partner in the Nordics. Fluido’s customers include both large globally operating enterprises and growth companies across industries in all Nordic countries. Fluido offers consulting, development and integration services tailored for customer needs to help them reach their goals, transform and create outstanding customer experiences by utilizing Salesforce technology. Fluido’s headquarters are in Espoo, Finland, with additional offices in Denmark, Norway, Slovakia and Sweden. www.fluidogroup.com

 

CapMan Plc
Communications
Ludviginkatu 6
00130 Helsinki
Finland

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Visscher Caravelle: largest investment of Anders Invest

Anders Invest

On the 14th of September 2018 Anders Invest acquired a 40% stake in Visscher Caravelle from Genemuiden (NL). This company is the worldwide number 1 in the production and sales of car mats. The rapidly growing company is realizing a turnover of more than € 140 million this year and has approximately 1,700 employees. The DNAs of Anders Invest, the current owners and Visscher Caravelle fit well together, which means a growth of to € 200 to € 300 million annual turnover is possible.

 

The company produces textile and rubber (TPE) car mats and related products such as trunk mats and wall cladding for vans. She is a first-tier (“tier-1”) supplier to almost all major car manufacturers. With production sites in Poland, Mexico, China and Malaysia and sales teams in many countries, she is close to her customers. The company invests substantially in product and process development in order to stay ahead on weight reduction, sustainability, recyclability and cost price of car mats. With a distinctly modern vision on growth and development of its – on average young – employees, Visscher Caravelle focuses on a culture of transparency, trust and care for each other in all locations.

 

The company, founded in 1952, grew rapidly from around € 60 million turnover in 2009 to more than € 140 million turnover in 2018. Customers are very satisfied with quality and delivery reliability and keep awarding new car models. Through new customers and expansion of the product portfolio, the management sees sufficient opportunities in the coming years to achieve a turnover level of more than € 250 million. Visscher Caravelle sought for this growth ambition a partner that respects the character of the company, strengthens the strategy and adds professionalism. The long-term perspective of Anders Invest and its expertise in international production companies results in a good match. In addition to the investment by Anders Invest, the capital base will be strengthened by an extension of the credit facility by Rabobank and Bank Santander with approximately € 8 million.

 Gert-Jan Huisman becomes Chairman of the Supervisory Board on behalf of Anders Invest. In addition to Jur Zandbergen (ex-CFO at the Dutch branches of BASF, Syngenta and Johnson Polymers) as representative of the current owners, Han Hendriks will also be a member of the Supervisory Board. Mr. Hendriks is CTO at Yanfeng Automotive Interior Systems (formerly Johnson Controls Interiors), a tier-1 company in interior components with approximately $ 9 billion in sales. Mr. Hendriks is an authority in the field of car interiors and has a sharp vision of the increasing importance of the interior through the development of autonomous, electric (shared) cars.

 

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Bomgar Announces Acquisition of BeyondTrust to Expand Privileged Access Management Offerings

Franciso Partners

  • Combined entity will continue to be a leading cyber security company with the world’s most comprehensive privileged access management (PAM) portfolio.
  • Company will operate under the BeyondTrust name and be led by Matt Dircks, current CEO of Bomgar.

Atlanta, GA and Phoenix, AZ – Bomgar, a global leader in Privileged Access Management (PAM) solutions, today announced it has signed a definitive agreement to acquire BeyondTrust, a global leader in Privilege-Centric Security, from an affiliate of Veritas Capital. The combined company, which will be called BeyondTrust, brings together proven innovators with a shared mission of securing privileged access and helping customers to defend themselves from cyber-attacks while increasing productivity.

Bomgar secures privileged credentials, remote access sessions, and endpoints, while empowering users to be more efficient and effective. BeyondTrust offers the most extensible PAM platform that enables organizations to scale privileged security as threats evolve across endpoint, server, IoT, cloud, and network device environments. These combined solutions will result in the world’s most comprehensive PAM portfolio, currently used by more than 19,000 customers worldwide.

Matt Dircks, CEO of Bomgar, who will lead the combined company as CEO, commented, “We are extremely excited to build upon BeyondTrust’s Privileged Access Management leadership, and the significant benefits it will bring to our joint customers, partners, and people. Both organizations bring talented employees who are passionate about protecting organizations from attacks related to privileged access. The greater scale and resources of the combined company will allow us to accelerate innovation and deliver technology that protects our customers from constantly evolving threats.”

Earlier this year, Bomgar was acquired by Francisco Partners, a leading technology-focused private equity firm. Francisco Partners’ Co-Founder and Chief Executive Officer Dipanjan “DJ” Deb commented, “Both Bomgar and BeyondTrust have a long history of driving innovation and efficiency, and delivering solutions, services, and support that customers love. We believe bringing Bomgar and BeyondTrust together will result in a winning combination and create a leader in the high-growth Privileged Access Management market.”

“The BeyondTrust family is excited to join the dynamic Bomgar and Francisco Partners teams,” said Kevin Hickey, president and CEO, BeyondTrust. “I’m confident that the additional investment and scale resulting from this combination will drive innovation for our customers and new opportunities for our partners as we expand our leadership position in the fast-moving Privileged Access Management market. Working with the Veritas Capital team over the last four years, we have transformed the business by strengthening our product offering, enhancing our market position, and generating outstanding growth.”

According to Forrester, 80% of security breaches involve privileged credentials. Andras Cser, Forrester vice president and principal analyst, wrote, “The PIM (Privileged Identity Management) market is growing because more S&R (security and risk) professionals see PIM as part of the layered solution to address their top cyberthreat and data breach prevention challenges.” The combination of BeyondTrust’s market-leading PAM platform with Bomgar’s advanced privileged session and endpoint protection solutions will result in the broadest solution portfolio for securing and defending organizations against threats related to the compromise and misuse of privileges.

“Privileged Access Management is one of the top priorities for today’s security leaders, and we see incredible opportunity with the combination of Bomgar’s and BeyondTrust’s technology and talent,” said Brian Decker, Partner and head of security investing at Francisco Partners. “The joint team is focused on developing integrated and usable products, building an even stronger channel, and continuing to deliver the highest levels of customer service and support.”

The combined company will be headquartered in Atlanta, GA. Terms of the transaction, which is expected to close in October, were not disclosed.

About Bomgar

Bomgar is a global leader in Privileged Access Management solutions that secure privileged credentials, sessions, and endpoints, while empowering your workforce to run at the speed and scale of business. Bomgar offers the most comprehensive platform for enabling privileged and remote access, while defending organizations from constant and evolving threats. More than 16,000 customers and millions of users worldwide trust Bomgar to mitigate internal and external attacks, achieve compliance, and gain operational efficiency. Bomgar clients range from midsize to Fortune 100 companies and include some of the world’s most admired and valuable brands. Bomgar is headquartered in Atlanta, GA, with offices across the Americas, EMEA, and Asia Pacific. Connect with Bomgar at www.bomgar.com, the Bomgar Blog, or on Facebook, Twitter and LinkedIn.

About BeyondTrust

BeyondTrust is a worldwide leader in Privilege-Centric Security, offering the most seamless and straightforward approach to preventing data breaches related to stolen credentials, hijacked insider accounts, and misused privileges.

Our privileged access management platform is the most extensible on the market, enabling organizations to easily scale their privilege security programs as threats evolve across endpoint, server, cloud and network device environments. Only BeyondTrust unifies the industry’s broadest set of built-in capabilities with centralized management, reporting and analytics, empowering leaders to take decisive and informed actions to defeat attackers. This is backed by a flexible design that simplifies integration with other best-of-breed solutions and boosts the value of our customers’ IT security investments.

With BeyondTrust, organizations gain the visibility and control they need to confidently reduce risk, maintain productivity, and stay out of the headlines. We are trusted by over 4,000 customers and a global partner network. Learn more at www.beyondtrusts.com.

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Swegon acquires Zent-Frenger GmbH from the Uponor Group

Latour logo

Swegon, a wholly owned business area within Investment AB Latour, has acquired Zent-Frenger GmbH.

Zent-Frenger is a leading provider of radiant ceilings in Germany and in addition develops and sells customized commercial heat pumps and concrete activation products. Zent-Frenger’s products are used to create a comfortable indoor climate in commercial buildings such as offices and hotels, as well as residential apartment buildings.

The company develops and assembles its products in Heppenheim, Germany. The company employs about 100 staff with a turnover in 2017 of 29 MEUR.

“As ‘The Indoor Climate Company’, radiant ceilings is a natural addition to our room unit product portfolio. It is a growing product segment in Continental Europe, due to its high comfort characteristics”, says Hannu Saastamoinen, CEO Swegon. ”Zent-Frenger’s highly customized heat pumps is also a strong complement to our existing commercial heat pump offering. Overall, there are numerous synergies we look forward to pursuing together. This acquisition also substantially strengthens our market presence in Germany, being one of the focused growth markets for Swegon”.

“Swegon and Zent-Frenger is a very good match with a shared focus of delivering optimal indoor climate to commercial buildings. We look forward to continued development of the Zent-Frenger business as part of Swegon Group”, says Andreas Linger, Managing Director of Zent-Frenger.

The acquisition is subject to approval by antitrust authorities and closing is expected during October.

The Latour Group’s net debt increases with 18 MEUR through the transaction.

Göteborg, September 5, 2018

INVESTMENT AB LATOUR (PUBL)
Jan Svensson President and CEO

For further information, please contact:
Hannu Saastamoinen, CEO Swegon, +46 31 89 58 10
Gustaf Ahlenius, Director Corporate Development Swegon, +46 31 89 58 19

Swegon Group AB is a company in the Latour Group which manufactures and sells products and systems for an optimal indoor climate. The Swegon group has 2,200 employees with a turnover of about SEK 4 billion.

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 53 billion. The wholly-owned industrial operations has an annual turnover of about SEK 10 billion.  

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Colisée expands its European footprint with the acquisition of a nursing home platform in Spain

ik-investment-partners

Colisée, a leading player in the elderly care segment in France & Italy supported by IK Investment Partners (“IK”) since 2017, is accelerating its growth with the acquisition of STS Grup, a nursing home provider in Spain.

STS Grup’s 6 facilities representing approximately 600 beds in Catalonia, will join the Colisée Group and further strengthen its leading position in Europe in the nursing home and homecare services segments. With more than 114 nursing home facilities and 70 home care services agencies in France, Italy and Spain, the Group led by Christine Jeandel is positioned as a clear pan-European consolidator.

Following this acquisition, in order to increase its financials capabilities to pursue buy-and-build in Europe on top of financial support from IK, Colisée tapped the debt markets. By raising a new term loan of MEUR 120, the Group recharged its acquisition facility loan.

Colisée welcomed the IK VIII Fund, advised by IK Investment Partners, as the majority shareholder in June 2017. Since then, the Group has grown steadily both organically and through buy-and-build, adding 24 nursing facilities (i.e. 2,198 beds) to its perimeter.

The financial terms of the transaction are not disclosed.

For further questions, please contact:

Colisée
Marie-Gabrielle de Marchis – Nouvelle Saison
Phone: +33 6 69 40 32 17
mg.demarchis@nouvellesaison.com

IK Investment Partners
Dan Soudry, Partner
Phone: +33 1 44 43 06 60

Mikaela Hedborg
Director Communications & ESG
Phone: +44 77 87 573 566
mikaela.hedborg@ikinvest.com

About Colisée
Colisée is a key player in the global health care and old-age dependency sector, and has developed a real expertise in elderly people care and well-being. Its network includes 114 facilities in France, Italy and Spain and close to 70 home-based services agencies in France. In those two business segments, Colisée employs more than 7,800 people. For more information, please visit www.groupecolisee.com

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €9.5 billion of capital and invested in over 120 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, please visit www.ikinvest.com

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EQT Infrastructure to merge Broadnet and GlobalConnect

eqt

  • EQT Infrastructure merges Broadnet and GlobalConnect to create leading Northern European fiber-based datacom provider and supplier of cloud enabling infrastructure
  • The merger strengthens the combined company’s product and service offering in driving digital transformation for both B2B and B2C customers and provides a solid platform for accelerated investments in new technologies and continued fiber rollout
  • EQT Infrastructure is committed to actively supporting the combined company for further growth and expansion in key markets

EQT today announces the intention to combine EQT Infrastructure III (“EQT Infrastructure”) portfolio companies Broadnet Holding AS (“Broadnet”) and GlobalConnect A/S (“GlobalConnect), to create a leading Northern European fiber-based datacom provider and supplier of cloud enabling infrastructure.

Acquired by EQT Infrastructure in May 2018, Broadnet controls over 24,000 km of fiber in Norway through its nationwide back-bone and metro network, connecting more than 90 cities across the country. The company has become the front-running independent fiber-based datacom provider in the Norwegian B2B market, also serving the B2C segment through its HomeNet brand.

GlobalConnect, acquired by EQT Infrastructure in February 2017, is the leading alternative provider of fiber-based B2B data communication services as well as the largest Danish data center provider. The company operates 15,300 km of fiber network and 13,000 sqm of secure co-location space in Denmark and Northern Germany.

The combination of Broadnet’s strong position in connectivity, serving both the B2B and B2C market, and GlobalConnect’s strong position in data centers, will strengthen and expand the merged companies’ multinational offering. Last year, the two companies had combined revenues of approximately EUR 310 million and an EBITDA of EUR 110 million.

Effective today, Martin Lippert, CEO of Broadnet since 2013, has been appointed CEO of the combined company. Lippert comments: “We are proud to announce the combination of Broadnet and GlobalConnect, creating a true challenger to the incumbent telecom operators in Norway, Denmark and Northern Germany. The combined company will be a prominent Northern European fiber-based communication provider, helping local and multinational companies in accelerating its digital transformation by offering and making further investments in advanced digital platforms, services and customer support”.

Daniel Pérez, Partner at EQT Partners and Investment Advisor to EQT Infrastructure, concludes: “EQT sees great opportunities for Broadnet and GlobalConnect in the Northern European markets. EQT believes that this merger will optimally position the combined company to serve customers with mission critical and future proof communication services and cloud enabling infrastructure. EQT will continue to invest in the company and support its mission to become the leading and most agile challenger in the Northern European markets for cloud enabling infrastructure and services”.

The two companies will continue to operate under separate names and brands until further notice.

Contacts
Daniel Pérez, Partner at EQT Partners and Investment Advisor to EQT Infrastructure, +46 8 506 554 72
EQT Press office, +46 8 506 55 334, press@eqtpartners.com

About EQT
EQT is a leading investment firm with approximately EUR 50 billion in raised capital across 27 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About Broadnet
Broadnet is the largest alternative datacom provider in Norway. The company controls one of two optical fiber networks in Norway in addition to a substantial regional and local network. The group consists of two brands: Broadnet, serving the business and wholesale market, and HomeNet, serving the consumer market.

More info: www.broadnet.no

About GlobalConnect
GlobalConnect is the leading alternative provider of fiber network, data center and managed hosting services in Denmark. The company’s 15,300 km operated optical fiber network covers Denmark and Germany and it has approximately 13,000 sqm of data center space. GlobalConnect was founded in 1998 and employs more than 400 employees.

More info: www.globalconnect.dk

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Bomgar Announces Acquisition of BeyondTrust to Expand Privileged Access Management Offerings

Franciso Partners

PRESS RELEASE – SEPTEMBER 13 2018
  • Combined entity will continue to be a leading cyber security company with the world’s most comprehensive privileged access management (PAM) portfolio.
  • Company will operate under the BeyondTrust name and be led by Matt Dircks, current CEO of Bomgar.

Atlanta, GA and Phoenix, AZ – Bomgar, a global leader in Privileged Access Management (PAM) solutions, today announced it has signed a definitive agreement to acquire BeyondTrust, a global leader in Privilege-Centric Security, from an affiliate of Veritas Capital. The combined company, which will be called BeyondTrust, brings together proven innovators with a shared mission of securing privileged access and helping customers to defend themselves from cyber-attacks while increasing productivity.

Bomgar secures privileged credentials, remote access sessions, and endpoints, while empowering users to be more efficient and effective. BeyondTrust offers the most extensible PAM platform that enables organizations to scale privileged security as threats evolve across endpoint, server, IoT, cloud, and network device environments. These combined solutions will result in the world’s most comprehensive PAM portfolio, currently used by more than 19,000 customers worldwide.

Matt Dircks, CEO of Bomgar, who will lead the combined company as CEO, commented, “We are extremely excited to build upon BeyondTrust’s Privileged Access Management leadership, and the significant benefits it will bring to our joint customers, partners, and people. Both organizations bring talented employees who are passionate about protecting organizations from attacks related to privileged access. The greater scale and resources of the combined company will allow us to accelerate innovation and deliver technology that protects our customers from constantly evolving threats.”

Earlier this year, Bomgar was acquired by Francisco Partners, a leading technology-focused private equity firm. Francisco Partners’ Co-Founder and Chief Executive Officer Dipanjan “DJ” Deb commented, “Both Bomgar and BeyondTrust have a long history of driving innovation and efficiency, and delivering solutions, services, and support that customers love. We believe bringing Bomgar and BeyondTrust together will result in a winning combination and create a leader in the high-growth Privileged Access Management market.”

“The BeyondTrust family is excited to join the dynamic Bomgar and Francisco Partners teams,” said Kevin Hickey, president and CEO, BeyondTrust. “I’m confident that the additional investment and scale resulting from this combination will drive innovation for our customers and new opportunities for our partners as we expand our leadership position in the fast-moving Privileged Access Management market. Working with the Veritas Capital team over the last four years, we have transformed the business by strengthening our product offering, enhancing our market position, and generating outstanding growth.”

According to Forrester, 80% of security breaches involve privileged credentials. Andras Cser, Forrester vice president and principal analyst, wrote, “The PIM (Privileged Identity Management) market is growing because more S&R (security and risk) professionals see PIM as part of the layered solution to address their top cyberthreat and data breach prevention challenges.” The combination of BeyondTrust’s market-leading PAM platform with Bomgar’s advanced privileged session and endpoint protection solutions will result in the broadest solution portfolio for securing and defending organizations against threats related to the compromise and misuse of privileges.

“Privileged Access Management is one of the top priorities for today’s security leaders, and we see incredible opportunity with the combination of Bomgar’s and BeyondTrust’s technology and talent,” said Brian Decker, Partner and head of security investing at Francisco Partners. “The joint team is focused on developing integrated and usable products, building an even stronger channel, and continuing to deliver the highest levels of customer service and support.”

The combined company will be headquartered in Atlanta, GA. Terms of the transaction, which is expected to close in October, were not disclosed.

About Bomgar

Bomgar is a global leader in Privileged Access Management solutions that secure privileged credentials, sessions, and endpoints, while empowering your workforce to run at the speed and scale of business. Bomgar offers the most comprehensive platform for enabling privileged and remote access, while defending organizations from constant and evolving threats. More than 16,000 customers and millions of users worldwide trust Bomgar to mitigate internal and external attacks, achieve compliance, and gain operational efficiency. Bomgar clients range from midsize to Fortune 100 companies and include some of the world’s most admired and valuable brands. Bomgar is headquartered in Atlanta, GA, with offices across the Americas, EMEA, and Asia Pacific. Connect with Bomgar at www.bomgar.com, the Bomgar Blog, or on Facebook, Twitter and LinkedIn.

About BeyondTrust

BeyondTrust is a worldwide leader in Privilege-Centric Security, offering the most seamless and straightforward approach to preventing data breaches related to stolen credentials, hijacked insider accounts, and misused privileges.

Our privileged access management platform is the most extensible on the market, enabling organizations to easily scale their privilege security programs as threats evolve across endpoint, server, cloud and network device environments. Only BeyondTrust unifies the industry’s broadest set of built-in capabilities with centralized management, reporting and analytics, empowering leaders to take decisive and informed actions to defeat attackers. This is backed by a flexible design that simplifies integration with other best-of-breed solutions and boosts the value of our customers’ IT security investments.

With BeyondTrust, organizations gain the visibility and control they need to confidently reduce risk, maintain productivity, and stay out of the headlines. We are trusted by over 4,000 customers and a global partner network. Learn more at www.beyondtrusts.com.

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