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Final close of CVC Strategic Opportunities II at €4.6 billion, surpassing its target

Latest fundraising continues the successful track record for the platform, with CVC Strategic Opportunities I having secured commitments of €3.9 billion

CVC Capital Partners is pleased to announce the final close of CVC Strategic Opportunities II (“SO II”) with total commitments of €4.6 billion, surpassing the target of €4 billion.

SO II’s global investor base, made up of sovereign wealth, public and private pension funds, financial institutions, foundations, endowments and family offices, diversifies the platform’s overall investor mix and reflects the growing appetite for this type of longer life vehicle.

The Strategic Opportunities platform invests in long-term capital appreciation opportunities across Western Europe and North America which fall outside CVC’s traditional private equity strategies. The platform seeks out stable opportunities with attractive risk-reward profiles which require a longer term outlook to unlock growth. Since 2016, €3.6 billion has been committed by the platform in seven opportunities, the latest of which, GEMS Education, the world’s largest provider of private K-12 education by revenue, was announced last week.

Lorne Somerville, Co-Head CVC Strategic Opportunities said: “We are delighted to have closed CVC Strategic Opportunities II. We continue to believe this is an attractive and growing market, a belief that is clearly shared by our investors, given the success of this capital raising with a closing well above the €4 billion target.”

Jan Reinier Voûte, Co-Head CVC Strategic Opportunities added: “The Strategic Opportunities platform invests in high-quality businesses with longer growth horizons. Often this is done in partnership with families or foundations who are seeking additional capital and support from CVC’s global investment platform to take their businesses to the next stage of development. SO II will allow us to continue to support great companies with these resources.”

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KPN Ventures joins Cambridge deeptech investment fund IQ Capital

Kpn Ventures

Rotterdam, 17-07-2019 – KPN Ventures, the venture capital investment arm of KPN, has invested in the final close of the third early-stage investment fund of Cambridge, UK based IQ Capital, an independent fund manager focused on investments into UK technology companies with unique knowhow or strong IP and primarily originating from the Cambridge innovation ecosystem.

Today, there are some 5,900 technologies companies in Cambridge, including 12 companies valued over a billion dollars (i.e. ARM, Autonomy and Aveva), and circa 63,000 people working in technology firms. Through twenty years of investing, IQ Capital has built very strong connections with all key components of the Cambridge ecosystem, from professors, research labs, successful entrepreneurs and investors to young scientists and key opinion leaders within the tech industry. The fund size amounts to $175 million from which they aim to invest across six domains: Data Analytics, FinTech, Human Machine Interface, Internet of Things (IoT), Cyber Security and High Performance Engineering.

Since its inception in June 2018, the fund has made already 12 investments in for example Concirrus, Wluper, Iotic Labs and CCS.

This is KPN Ventures’ fifth investment in a European early-stage fund, focusing on innovative technology companies spinning out of university research and innovation hubs. Previously, KPN Ventures invested in Enschede-based Cottonwood Technology Fund, Paris-based PSL Innovation Fund, Leuven-based imec.xpand and Lisbon-based Armilar TechTransfer Fund. Through these investments, KPN Ventures aims to create early access to new technology partners, and build partnerships to experiment, improve and expand its offerings to customers.

The full press release on IQ Capital’s closing of the new fund can be accessed here.

About IQ Capital

IQ Capital is a venture capital firm, based between Cambridge and London, that invests in ‘deep-tech’ across sectors including machine learning, AI, robotics, and advanced engineering and materials, and data-focused propositions based on disruptive algorithms. All of the firm’s portfolio companies are capable of dominating their respective markets on a global scale. Initial investments range from £300k to £5m, with capacity for follow-on investment up to £10-15m. The IQ Capital team has achieved over 20 exits to date, to companies including Oracle, Google, Apple, Huawei, and Facebook, and several IPOs. IQ Capital has led 28 investments over the last three years. The firm is currently investing at seed and Series A stage from its third venture fund. In July 2019, IQ Capital launched its Growth Opportunities Fund, providing the capital to scale companies through to exit. For more information, please visit www.iqcapital.vc.

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Questel acquires Direct Validation

ik-investment-partners

Questel, one of the world’s largest intellectual property software and service providers, has signed an agreement to acquire Direct Validation.

Founded in 1988 and based in Stockholm (Sweden), Direct Validation is a major player in EP validations services, the process of registering granted European patents in the countries where they will ultimately be enforceable.

“Questel has provided European patent validation services in the past, mainly through partners,” says Charles Besson, Questel CEO. “This investment will provide us with yet another highly synergistic client offering within the innovation and IP lifecycle.”

”Connecting Questel’s intellectual property solutions and worldwide network with Direct Validation’s unique knowledge of EP validations will translate into deep savings for clients of both of our companies,” says Olle Bäcklund, CEO of Direct Validation.

For more information, please visit www.questel.com

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Questel acquires Direct Validation

ik-investment-partners

Questel, one of the world’s largest intellectual property software and service providers, has signed an agreement to acquire Direct Validation.

Founded in 1988 and based in Stockholm (Sweden), Direct Validation is a major player in EP validations services, the process of registering granted European patents in the countries where they will ultimately be enforceable.

“Questel has provided European patent validation services in the past, mainly through partners,” says Charles Besson, Questel CEO. “This investment will provide us with yet another highly synergistic client offering within the innovation and IP lifecycle.”

”Connecting Questel’s intellectual property solutions and worldwide network with Direct Validation’s unique knowledge of EP validations will translate into deep savings for clients of both of our companies,” says Olle Bäcklund, CEO of Direct Validation.

For more information, please visit www.questel.com

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The Carlyle Group and VICO Infrastructure Announce Partnership to Invest in U.S. Water Infrastructure

Carlyle

WASHINGTON, DC & NEWPORT BEACH, CA – Global investment firm The Carlyle Group (NASDAQ: CG) and large-scale infrastructure firm VICO Infrastructure Company (VICO) today announced a partnership through which the firms will invest in water infrastructure projects across the United States. The partnership will develop, acquire and optimize water, desalination, wastewater treatment and water reuse facilities across the country, meeting a growing need to address water scarcity due to population growth and aging infrastructure. Carlyle intends to fund this investment from its Carlyle Global Infrastructure Opportunity Fund.

“We are delighted to partner with Carlyle and leverage an incredibly wide range of expertise, resources and capital to benefit communities, clients and investors,” said Brian Cullen, President & CEO of VICO Infrastructure. “We recognize there is significant demand for investment in US water infrastructure and partnering with Carlyle will advance VICO’s mission to combine creativity, knowledge, experience and transparency into every living infrastructure project.”

“The Carlyle Group is thrilled to partner with Brian Cullen, a respected industry veteran, and the entire VICO platform,” said Peter Taylor, Managing Director and Co-Head of the Carlyle Global Infrastructure Opportunity Fund.  “Population growth and increased economic activity in areas with limited water supply are increasing constraints on water infrastructure. We see a significant opportunity for VICO and Carlyle to invest in these communities to deliver improved, sustainable and resilient infrastructure for all stakeholders.”

VICO and Carlyle intend to collaborate and pursue investments with public agencies, private industries, education facilities, real estate and related energy and smart-city technology projects as well as explore opportunities with Carlyle’s existing and future portfolio companies. As an example, the City of Lake Oswego, Oregon has shortlisted VICO and Carlyle as a potential preferred developer to lead the development and financing of a new wastewater treatment plant for the city.

Water industry veteran Brian Cullen established VICO in 2018. Prior to VICO, Brian served as President and shareholder of PERC Water Corporation for 17 years. He was instrumental in completing over 20 mid-sized water infrastructure projects valued in the hundreds of millions of dollars. Most notably, Brian led the Santa Paula, California public-private partnership, the first privately funded project of its kind in the US.

* * * * *

 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 $222 billion of assets under management as of March 31, 2019, Carlyle’s purpose is to invest wisely and create value on behalf of our investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,725 people in 33 offices across six continents. www.carlyle.com

For media inquiries, contact Christa Zipf at Christa.Zipf@carlyle.com or at +1 (212) 813-4578.

About VICO Infrastructure

VICO Infrastructure (VICO) specializes in the creative development and efficient management of large-scale infrastructure projects. VICO’s mission is to combine creativity, knowledge, experience and transparency into every living infrastructure project.  VICO solves infrastructure challenges by partnering with its clients in a strategic and transparent manner. VICO teams with talented people, best-in-class companies and smart technologies on projects that improve quality of life, enhance communities and provide attractive returns to investors.  http://www.vicoinfrastructure.com/

For more information, contact VICO Infrastructure at connect@vicoinfrastructure.com, or +1-949-375-4892.

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EQT strengthens footprint in Italy – opens office in Milan

eqt

  • EQT opens office in Milan and accelerates efforts in Italy
  • The Milan office will be led by Federico Quitadamo, Managing Director and Head of EQT Italy
  • EQT has already invested in Italian portfolio companies; Lima, a global leader in additive manufacturing of 3D printed orthopaedic implants, and Facile.it, Italy’s largest online price comparison platform for motor insurance, energy, telecoms and personal finance products

EQT today announces the opening of an office in Milan, Italy. The office will be led by Italian native Federico Quitadamo, Managing Director and Head of EQT Italy, who was previously based in EQT’s Zurich office. In alignment with EQT’s “local-with-locals” approach, the team in Milan will target thematic investment opportunities with support from EQT’s global platform and extensive Industrial Network.

Federico Quitadamo, Managing Director and Head of EQT Italy, commented: “The opening of the Milan office is a testimony to EQT’s commitment to investing in established Italian companies and developing them into strong and sustainable businesses. Italy has an abundance of investment opportunities in EQT’s core sectors, and the team is looking forward to seeking new mid- and large-cap buyout investments. In addition, EQT will also explore investment opportunities in the Infrastructure and Real Estate spaces.”

Christian Sinding, CEO and Managing Partner at EQT, commented: “We are pleased to expand into in Italy, three years after EQT’s first investment in the country. The Milan office is part of the continued ambition to establish a local presence across the regions EQT invests in. With a local team on the ground in Milan, EQT is better-positioned to stay close to its portfolio companies and to capture new investment opportunities in Italy.”

Massimo Rossi, Senior Industrial Advisor to EQT since its inception in 1994 and Italian native, commented: “At last, EQT has a firm footprint in Italy. There is plenty of activity in the Italian market, and with a permanent office in place, EQT is well-positioned to translate this into attractive investment opportunities. Having supported EQT since the start, I now look forward to working together also with the team in Milan”.

The opening of an office in Milan builds upon EQT’s successful entry into Italy in recent years. EQT made its first investment in Italy in March 2016, when EQT VII acquired Lima, a global leader in additive manufacturing of 3D printed orthopaedic implants. Founded in 1945, Lima covers the entire spectrum of large joint and extremities reconstruction including custom-made implants for shoulders, elbows, hips and knees.

In June 2018, EQT VIII announced its investment in Facile.it, Italy’s largest online price comparison platform for motor insurance, energy, telecoms and personal finance products. Every year, Facile.it helps approximately 20 million users to compare prices and save money on key elements of their household expenditure, providing access and comparison to products from 80 providers.

Contact
Federico Quitadamo, Managing Director and Head of EQT Italy, +39 345 732 0772
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

Milan office address:
EQT Partners Srl
Via Passaggio Centrale 2
Milano 20123
Italy

About EQT
EQT is a leading investment firm with more than EUR 61 billion in raised capital across 29 funds and around EUR 40 billion in assets under management. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 21 billion and approximately 127,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

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Divestment of Aleris

Investor

Patricia Industries, a part of Investor AB, has signed an agreement to divest Aleris to Triton at an enterprise value of SEK 2.8bn. Adjusted for net debt of approximately SEK 550m and estimated transaction costs of SEK 200m this equals an equity value of SEK 2bn. Doktor24 will remain within Patricia Industries and be included in Financial Investments.

Aleris is a provider of specialty care, healthcare and diagnostics with a strong footprint across Scandinavia with high medical quality, customer satisfaction and strong offerings. Aleris serves 1.1 million patients and conducts 1 million radiological examinations annually.

“During our ownership since 2010, Aleris has developed and strengthened its offering and achieved higher customer satisfaction. However, the financial performance has not been satisfactory. As owners we always strive to do what we deem is best for our companies and our shareholders. In late 2018, Aleris divested Aleris Care to Ambea, a new good owner of the business. Now the healthcare business is divested to Triton, which we see as a good owner that will continue to develop the offering to the patients and customers. Through this transaction we will free up resources for further development of our strong platforms within Patricia Industries”, says Johan Forssell, CEO of Investor.

“As a focused healthcare company, Aleris has further developed its business, accelerated the restructuring of the Swedish operations and won new contracts. With Triton as an owner with broad industry experience, the company has a strong platform to continue to provide high-quality healthcare services with satisfied customers”, says Christian Cederholm, Co-Head, Patricia Industries.

The transaction is subject to regulatory approvals and closing is expected during the third quarter 2019.

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Sale of Bosch Packaging Technology: CVC and Bosch reach an agreement

CVC Capital Partners selected for its growth strategy and broad industrial expertise

Bosch plans to sell its packaging machinery business, based in Waiblingen, to a newly incorporated entity managed by CVC Capital Partners (CVC). The company and its Pharma and Food units will remain intact. Based in Luxemburg, CVC is a leading private equity and investment advisory firm with 24 offices in Europe, Asia, and the United States. It currently manages more than US$75 billion of assets.

The parties signed an agreement on July 11, 2019 effecting the transfer of the entire packaging technology business and its 6,100 associates in 15 countries. It has been agreed that the purchase price and other details of the purchase agreement will not be disclosed. Completion of the sale is subject to the approval of various bodies, including antitrust authorities, and is expected to close at the turn of the year.

Positive prospects for the Packaging Technology business

Dr. Alexander Dibelius, Managing Partner of CVC, said: Bosch Packaging Technology is a strong company in an attractive market with long-term growth prospects. Packaging Technology has an excellent reputation for quality and innovation, a broad product range, a global footprint, and experienced associates. Together with the management team, we will work to take the business forward in the years ahead, and to make it even more competitive.”

Dr. Stefan König, the President of Robert Bosch Packaging Technology GmbH, said: “My colleagues and I in executive management regard this new partnership with CVC as a huge opportunity for our future success. Just under two years ago, we completely modified our strategy. It now includes working on a completely new range of smart and sustainable process and packaging technologies. This will allow us to offer our customers even more attractive product solutions and services in the future. Our customers and our associates will benefit from the progress we have made.”

Dr. Stefan Hartung, member of the board of management of Robert Bosch GmbH and chairman of the supervisory board Robert Bosch Packaging Technology GmbH, said: “With its experience in growing companies over the long term, its broad industrial expertise, and its viable strategy for taking the division forward, CVC was the right choice for us. The growth concept it has presented, as well as the investments it plans to make, are very promising. For Packaging Technology and all its associates, our aim was to find a reliable new owner with a long-term approach, under whose leadership the business can develop successfully. We have achieved just that.”

Bosch is consolidating its resources

Bosch announced a year ago that it was looking for a buyer for its packaging technology business. The company is giving increasing attention to mobility and connectivity over the internet of things. It is focusing its existing resources on areas of future importance, such as shaping the transformation process and preparing for further digitalization. Bosch firmly believes that the Packaging Technology division’s competitiveness, and thus also its future viability, can be further enhanced through this new partnership, and that significant stimuli for growth can be created.

 

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2i Aeroporti acquires majority stake in Trieste Airport

Ardian

Set-up of a strategic plan for the development of the airport with investments of EUR 30 million in the next 4 years

Trieste-Milan, July 12 2019 – 2i Aeroporti finalized the acquisition of a 55% stake in Aeroporto Friuli Venezia Giulia S.p.A. for a total value of EUR 32.8 million. The Friuli Venezia Giulia Region will maintain a 45% stake. 2i Aeroporti is co-controlled by F2i sgr and a consortium led by Ardian Infrastructure.
Thanks to this agreement, Trieste airport becomes part of one of the largest Italian airport networks, which includes the airports of Naples, Turin, Alghero, Milan (Linate and Malpensa), Bologna and, indirectly, Bergamo. In 2018, the airports of the 2i Aeroporti network handled c. 71 million passengers, corresponding to 39% of national traffic, with an aggregate turnover of around EUR 1.2 billion.
“Through this deal the regional airport will take part to those complex dynamics that, thanks to the involvement of private partners with proven expertise and reliability, target the development of air traffic in the skies over Friuli Venezia Giulia,” Massimiliano Fedriga, President of Autonomous Region Friuli Venezia Giulia, explained.
“Trieste airport is a very important dowel of our strategy focused on the development of an independent network of airports in Italy. This acquisition increases the network of 2i Aeroporti, which allows local airports to take advantages from efficiencies and economies of scale, made possible by the presence of strong, long-term investors with a clear infrastructural vision. I think that, thanks to the partnership between the public and private sectors, our airport will be able to play a very important role in favour of the economic development of the territory, becoming a strategic hub for the development of a regional intermodality,” Renato Ravanelli, CEO of F2i, stated.
“We share with F2i and the Friuli Venezia Giulia Region the expansion plan of Trieste Airport, which will increasingly serve passengers and the territory (companies, local authorities, neighboring communities). We will work in close synergy together with the management team, in order to increase the international destinations, leveraging on our professional skills and established relationships with the airlines that we have developed over the years, thanks to Ardian’s investments in the aviation sector and in the infrastructure assets worldwide,” Mathias Burghardt, member of the Executive Committee and head of Ardian Infrastructure, added.
The new shareholders, in agreement with the Friuli Venezia Giulia Region, will work together to further develop the connections of Trieste airport towards Italy and abroad, in order to offer quality services, with a focus on innovation, sustainability and long-term value creation. The investment plan for the next years deals with, on one hand, EUR 15 million for the strengthening of flight infrastructures, and on the other hand, EUR 11 million for further infrastructural improvements, also for airport services and other buildings. An amount of EUR 2 million will also be invested in “green projects” through the installation of renewable energy systems. Lastly, EUR 2 million will be allocated to airport security and further upgrading of access roads.
“This operation allows us to enter into a network of primary importance and thus strengthen the strategic positioning of our airport also from a commercial standpoint”, stated Antonio Marano President of Trieste Airport.

2i Aeroporti

2i Aeroporti is the largest Italian airports platform: in 2018 over 69 million passengers have passed through one of the airports owned by 2i Aeroporti, of which 51% is controlled by F2i and 49% by the consortium led by Ardian.

F2i SGR

F2i, which stands for Italian Infrastructure Fund, is an asset management company established in 2007 and led by the CEO Renato Ravanelli. F2i is the largest infrastructure fund operating in Italy and among the leading ones in Europe. Its assets under management amount to around € 5 billion, invested in key areas of the Italian economy: airports, renewables, natural gas distribution, integrated water cycle, telecommunications, logical networks, health. Through its investee companies F2i provides work to over 17 thousand people in Italy and every day millions of people use the services and infrastructure of companies in its portfolio. F2i Sgr has 19 shareholders, including banking foundations, social security funds and Italian and foreign pension funds, Italian and international financial institutions, sovereign funds. The funds managed by F2i Sgr are underwritten by Italian and foreign professional investors, in equal measure.

ARDIAN

Ardian is a world-leading private investment house with assets of US$90bn 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 610 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 880 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Ardian on Twitter @Ardian
www.ardian.com

Aeroporto Friuli Venezia Giulia – Trieste Airport

Since 1935 Trieste Airport has been the reference airport of the Friuli Venezia Giulia Region, in 2018 passenger traffic amounted to 772 thousand passengers for a total of 15,470 flights taken off of which 8245 commercial flights and 7225 general aviation. Travelers can reach the airport by car (and park in over 2500 parking spaces equipped with electric charging stations), by bus (with 3 companies that stop at the airport) but also by regional and high-speed railways (with 6 fast connections called ‘Frecce’ from and to Milan and Venice). Thanks to recent investments and partnerships with major airlines, the airport serves over 26 destinations in Italy and Europe and offers quality intermodal, sustainable and avant-garde services, providing the best hospitality for customers from the region, the Northeast and from neighbouring countries such as Slovenia, Austria and Carinthia. The recently refurbished infrastructures of the Friuli Venezia Giulia airport can satisfy the most demanding customers, with a dedicated and personalized service at every moment of the journey. In just two years and thanks to a 17.5 million euros investment, the airport is the focus point of the main Italian intermodal hub that connects the terminal directly with the “Trieste Airport Ronchi dei Legionari” stop along the Trieste – Venezia / Trieste – Udine railway lines. From a financial point of view, the company that manages the regional airport closed the 2018 with a net profit of 1.456 million euros and an EBITDA of 4.717 million euros. The increase in non-aviation revenues (commercial services) is significant, registering +40% compared to the previous year, reaching 4.7 million euros.

PRESS CONTACTS

For further information on F2i and 2i Aeroporti:
Maria Laura Sisti
External Relations Manager
Mobile: +39 347 4282170
marialaura.sisti@csc.vision.com
Chiara Cartasegna
Press Office
Mobile: +39 3489265993
chiara.cartasegna@cscvision.com
For further information on ARDIAN:
Image Building
Cristina Fossati, Luisella Murtas, Anna Pirtali
ardian@imagebuilding.it
Tel: +390289011300
For further information on Trieste Airport:
Community – Strategic Communication Advisers
Auro Palomba, Giuliano Pasini, Giovanni Benvenuti
tsairport@communitygroup.it
Tel: +390289404231 +393469702981
For further information on Friuli Venezia Giulia Region:
Agenzia Regione Cronache
Demetrio Filippo Damiani
demetriofilippo.damiani@regione.fvg.it
Tel: +39 347 5644945

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Signavio raises $177 Million led by Apax Digital to accelerate global expansion

Apax Digital

Investment to fuel further international growth and technology innovation for Signavio’s one-million users 

Berlin, New York – July 11, 2019: Signavio, a leading provider of business transformation solutions, today announced a $177 million investment to fuel continued international expansion and further investment in its world-class software suite. The transaction was led by Apax Digital, the growth equity team of Apax Partners, with participation from DTCP. Existing investor Summit Partners will retain an equity stake in the business.

Signavio’s Business Transformation Suite enables its over 1,300 customers to effectively mine, model, monitor, manage and maintain their business processes. Its intelligent decision-making tools address digital transformation, operational excellence and customer centricity, helping place process at the very heart of organizations. Signavio has grown its revenue by more than 70% in the last twelve months. Today the company’s software is used by more than one million users across industries and geographies, including leading companies such as SAP, Deloitte, Liberty Mutual, Bosch, Comcast-NBCUniversal.

This new investment will be used to accelerate international expansion and to further invest in Signavio’s product suite. The company already has 9 offices across the world and is expanding operations in Japan and India, increasing its employee base by over 50% in 2019. Earlier this year, Signavio was recognized as a March 2019 Gartner Peer Insights Customers’ Choice for Enterprise Business Process Analysis Software.

“10 years ago, we set out on a journey to tackle the time-consuming practices that limit business productivity,” said Dr. Gero Decker, CEO and co-founder of Signavio. “This significant new investment further validates our approach to solve business problems faster and more efficiently, unleashing the power of process through our unique Business Transformation Suite. We are thrilled to welcome Apax Digital as our new lead partner, and look forward to building upon our success to date by leveraging our partners’ operating capabilities and global platforms for our international expansion.”

Concurrent with this investment, Daniel O’Keefe, Managing Partner, and Mark Beith, Managing Director, of Apax Digital will join Signavio’s board of directors. Summit Partners Managing Director Matthias Allgaier will retain a seat on the company’s board of directors.

“As businesses have become more global, and workforces more distributed, business processes have proliferated, and become more complex,” noted Mr. O’Keefe and Mr. Beith. “Signavio’s cloud-native suite allows employees across an enterprise to collaborate and transform their businesses by digitizing, optimizing and ultimately automating their processes. We are tremendously excited to partner with the Signavio team and to support their vision.”

“With innovative, intelligent and easy-to-use solutions, Signavio is helping to enable digital transformation across thousands of organizations worldwide, enabling new use cases and extending the reach of BPM software from IT to business users,” said Matthias Allgaier, Managing Director with Summit Partners, which first invested in Signavio in 2015. “It has been a delight to work closely with Gero and the entire team to support the company’s impressive growth thus far. We are thrilled to welcome Apax and to continue our partnership with Signavio.”

The transaction is expected to close later this year, subject to regulatory approvals.

About Signavio
Over 1 million users in more than 1,300 organizations worldwide rely on Signavio’s unique offering to make process part of their DNA. Signavio’s business transformation suite enables mid-size and large organizations to effectively mine, model, monitor, manage and maintain their business processes. Its intelligent decision-making tools address digital transformation, operational excellence and customer centricity, placing them at the heart of the world’s leading organizations. Headquartered in Berlin, with offices in US, UK, France, Netherlands, Switzerland, Singapore and Australia, Signavio is well placed to deliver local services on a global scale. For more information, visit www.signavio.com.

About Apax Digital
The Apax Digital Fund specializes in growth equity and buyout investments in high-growth enterprise software, consumer internet, and technology-enabled services companies worldwide. The Apax Digital team leverages Apax Partners’ deep tech investing expertise, global platform, and specialized operating experts, to enable technology companies and their management teams to accelerate the achievement of their full potential. For further information, please visit http://digital.apax.com.

Over its more than 40-year history, Apax Partners has raised and advised funds with aggregate commitments of c.$50 billion. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see: www.apax.com.

About DTCP
DTCP is an investment management group with c. $1.7 billion assets under management and advisory from Deutsche Telekom and other corporate and institutional investors, and a portfolio of over 60 companies. The group provides venture and growth capital, private equity investments, and advisory services to the technology, media and telecommunication sectors. It operates and invests in Europe, the US, and Israel. To learn more about DTCP, visit www.telekom-capital.com or @TelekomCapital on Twitter.

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

Media Contacts 

For Signavio

Global Media: Geraldine Teboul, Signavio | +49 151 54070110 | geraldine.teboul@signavio.com
USA Media: Kyle Tildsley, PAN Communications | +1 978 790 2063| ktildsley@pancomm.com
Germany Media: Natascha Hass, PR-Com | +49 89 59997 801| natascha.hass@pr-com.de

For Apax Digital / Apax Partners

Global Media: Andrew Kenny, Apax | +44 20 7 872 6371 | andrew.kenny@apax.com
USA Media: Todd Fogarty, Kekst CNC | +1 212-521 4854 | todd.fogarty@kekstcnc.com
UK Media: Matthew Goodman / James Madsen, Greenbrook | +44 20 7952 2000 | apax@greenbrookpr.com

For DTCP

Global Media: Julia Wolters, DTCP |+49 160 6809906 | julia.wolters@telekom-capital.com

For Summit Partners

Global Media: Meg Devine, Summit Partners | +1 617 824 1047 | mdevine@summitpartners.com

Notes to Editors: 

London-headquartered Apax Partners (www.apax.com), and Paris-headquartered Apax Partners (www.apax.fr) had a shared history but are separate, independent private equity firms.

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