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Enegia becomes EnerKey-driven energy management expert – Gasum buys Enegia’s market services

Enegia, Finland’s leading independent energy expert, is to sell its energy market services business to Gasum, the leading gas sector player in the Nordic countries. The acquisition will intensify Enegia’s strategy in the strongly growing EnerKey energy management services.

Enegia Group Oy signed an agreement to sell its energy market services business to Gasum Ltd. The transaction includes the capital stocks of Enegia Consulting Oy, Enegia Portfolio Services Oy and intStream Oy. Energy market services will continue its business and service provision to current customers. The some 35 professionals employed by energy market services will transfer to Gasum’s service on completion of the transaction. The transaction is subject to the approval of the authorities and is expected to complete in early fall 2018

‟With the transaction Enegia will become a focused EnerKey-driven expert in energy management and the reorganization of Enegia’s strategy started last year has now been completed We’re happy that Gasum as the new energy market services owner will strengthen the further development and expansion of this business as well,” says Enegia Group Oy Managing Director Kalle Ahlstedt.

“The EnerKey energy management system is the undisputed market leader in property energy data management in Finland. There is also growing international potential for these scaleable services, which creates excellent preconditions for future growth and success,” says Ilari Anttila, who became CEO of Enegia Energy Management Services Oy in May.

‟As the new owner, Gasum will enable the development of energy market services to be taken to a new level drawing on the diverse excellence of both companies in the energy industry,” notes Vice President, Enegia’s Energy Market Services Mikko Askolin.

‟The energy sector and gas market are changing rapidly. The competencies of Enegia’s experts will diversify and strengthen Gasum’s service mix. The acquisition will enable us to offer more comprehensive services to our current customers and lead the way in the energy sector,” says Gasum CEO Johanna Lamminen

For further information please contact:

Kalle Ahlstedt, Managing Director, Enegia Group Oy
Phone: +358 50 453 3507, firstname.surname(a)enegia.com

Mikko Askolin, Vice President, Energy Market Services
Phone: +358 40 841 9462, firstname.surname(a)enegia.com

Jouni Haikarainen, Senior Vice President, Natural Gas, Gasum Ltd
Phone: +358 40 709 5690, firstname.surname(a)gasum.com

Enegia is one of the leading Nordic independent energy expert organizations for the energy industry. Over half of the 100 largest Finnish companies use Enegia’s services, and Enegia Group’s net sales in 2017 were €119.7 million. Enegia’s electricity trade volume is 15 TWh, corresponding to approximately one quarter of Finland’s electricity use. Enegia’s EnerKey is the leading energy data and energy process management system in the Nordic countries. The system is used by approximately 300 organizations to manage energy consumption information from 75,000 meters in 15,000 properties. Enegia is majority-owned by the Finnish private equity firm Vaaka Partners Oy. www.enegia.com

 The energy company Gasum is a Nordic gas sector expert. Together with its partners, Gasum is building a bridge towards a carbon-neutral society on land and at sea. Gasum imports natural gas to Finland and promotes the circular economy by processing waste and producing biogas and recycled nutrients in Finland and Sweden. The company offers energy for heat and power production, industry as well as road and maritime transport. Gasum is the leading supplier of biogas in the Nordic countries. The company has a gas filling station network that also serves heavy-duty vehicles. The Gasum subsidiary Skangas is the leading liquefied natural gas (LNG) player in the Nordic market. The company continues to strengthen the position and infrastructure of LNG and supplies LNG to maritime transport, industry and heavy-duty vehicles in Finland, Sweden and Norway. www.gasum.com

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EQT granted exclusivity to acquire Azelis

eqt

EQT granted exclusivity to acquire Azelis, a global distributor of specialty chemicals and food ingredients

  • EQT VIII, with PSP Investments as co-investor, is in exclusive discussions to acquire Azelis, a leading distributor of specialty chemicals and food ingredients with a global presence in more than 40 countries
  • Azelis provides a diverse range of products and innovative services to more than 43,000 customers and 2,000 principals
  • EQT VIII to support Azelis’ continued growth by leveraging EQT’s experience with buy-and-build strategies, digital capabilities and global network of industrial advisors

The EQT VIII fund (“EQT” or “EQT VIII”), in partnership with the Public Sector Pension Investment Board (“PSP Investments”) as co-investor, has been granted exclusivity to finalize the discussions to acquire Azelis (“Azelis” or “the company”) from funds advised by Apax Partners.

Azelis was established in 2001 through the merger of Novorchem (Italy) and Arnaud (France). It has since followed an active acquisition strategy to create a leading specialty chemical distribution network in Europe. Today, Azelis supports more than 43,000 customers who benefit from its application
know-how and technical support and have access to a wide product portfolio from more than 2,000 specialty raw materials producers. The company has 1,800 employees and sales of around EUR 1.8 billion.

EQT will support Azelis’ continued development by providing access to both operational and financial resources and by leveraging EQT’s expertise with buy-and-build strategies. In addition, EQT will provide digital capabilities and grant the company access to a global network of industrial advisors. Azelis’ current management team, under the leadership of Dr. Hans-Joachim Müller, will continue to lead the organization.

“Azelis holds a leading position in the attractive specialty chemical distribution space,” said Bert Janssens, Partner at EQT Partners, Investment Advisor to EQT VIII. “We have been impressed by how Azelis’ management team transformed the business from a predominantly European operator to a leading global platform. EQT looks forward to working with Hans-Joachim and his team on their continued growth journey.”

“We are constantly strengthening our capabilities to serve our key suppliers (“principals”) and our diverse base of customers,” said Dr. Hans-Joachim Müller, CEO of Azelis. “We are grateful for Apax’s support over the past three years and are excited to continue our journey together with EQT.”

EQT draws on comprehensive expertise and competence in business services. Since 1994, EQT has invested in many companies within the services sector. “EQT applies a long-term, responsible and sustainable development approach, relying on a consistent industrial logic,” explained Kristiaan Nieuwenburg, Partner at EQT Partners, Investment Advisor to EQT VIII. “Azelis will benefit from this growth-focused investment philosophy, as well as our sector expertise.”

“Strong relationships with leading private equity firms are at the core of our investment strategy, and we are excited to partner with EQT for the acquisition of Azelis,” said Simon Marc, ‎Managing Director and Head of Private Equity at PSP Investments. “Azelis is a global leader in an attractive market that has strong consolidation prospects. We are very pleased to back Azelis and its world-class management team in their next stage of growth.”

The transaction is subject to regulatory approvals and the necessary consultation with employee representatives being conducted, and is expected to close in the fourth quarter of 2018. The parties have agreed not to disclose the transaction value.

Contacts
Bert Janssens, Partner at EQT Partners, Investment Advisor to EQT VIII, +31 202 62 4001
EQT Press office, +46 8 506 55 334
Verena Garofalo, Advisor, External Communications and Media Relations, PSP Investments, +1 514 218-3795, media@investpsp.ca

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 information: www.eqtpartners.com

About Azelis
Azelis is a leading distributor of specialty chemicals and food ingredients present in over 40 countries across the globe with around 1,800 employees. Our knowledgeable teams of industry, market and technical experts are each dedicated to a specific market within Life Sciences and Industrial Chemicals. We offer a lateral value chain of complementary products to over 40,000 customers, creating a turnover of EUR 1.8 billion. In the US we operate under a number of renowned co-brands that cater to the various markets in the region.

More information: www.azelis.com

About PSP Investments
The Public Sector Pension Investment Board (PSP Investments) is one of Canada’s largest pension investment managers with USD 153 billion of net assets as of March 31, 2018. It manages a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and private debt. Established in 1999, PSP Investments manages net contributions to the pension funds of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York and London. For more information, visit www.investpsp.com or follow us on Twitter and LinkedIn.

 

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Gilde Buy Out Partners and Management acquire Elcee Group from TransEquity Network

Gilde Buy Out

Mr. Mathias van Roij stays on as CEO and substantial shareholder Dordrecht/Utrecht/’s-Hertogenbosch – Funds advised by Gilde Buy Out Partners (“Gilde”) announced the acquisition of Elcee Group B.V. (“Elcee” or “The Company”), a leading supplier of engineered industrial parts, from TransEquity Network (“TransEquity”) and Mr. M.A.J. van Roij. Completion of the transaction is anticipated to take place in July, subject to clearance of the relevant competition authorities. The terms of the agreement have not been disclosed.
Elcee, with turnover of approximately €100 Mio., has developed from being a purely Dutch player into a pan-European industrial supplier through an active buy-and-build strategy. Recent acquisitions include the acquisitions of Gildemeister a+f Components (Germany), Global Suplliers (Belgium) and Global Supplier Group (the Nordics and Poland). As the new reference shareholder, Gilde will further support the Company’s acquisitive growth strategy.
Commenting on the sale, Mathias van Roij, the Company CEO, says:
“I am grateful to all at Elcee and TransEquity for their contribution and support over the years and for putting the Company on its recent growth path. Meanwhile, Elcee’s Management and I are excited to continue and accelerate our growth strategy with a new partner and believe the transaction will allow the Company to fulfill its international ambitions.”
Tom Muizers, partner at Gilde:
“Elcee presents us with an attractive opportunity to invest in a leading player in the European industrial components market. With its focus on the West- and North-European market, Elcee is at the sweetspot of Gilde’s geographical focus, and we are excited to support the Company’s growth across Europe.”
Jurgen van Olphen, founding partner at TransEquity:
“Elcee has realized spectacular growth in recent years, due to the continuous effort of Mathias van Roij and the broader management team. We are convinced that Elcee has found an excellent partner in Gilde to continue the international expansion.” Read more at: http://gilde.com/news/2018/gilde-buy-out-partners-and-management-acquire-elcee-group-from-transequity-network

Categories: News

The acquisition of Piab completed

Investor

On April 30, 2018, Patricia Industries, a part of Investor AB, announced the acquisition of leading gripping and moving solutions company Piab from EQT.

Following approval by the competition authorities, the acquisition has now been completed.

The acquisition price is SEK 6.95 bn. For the 12-month period ending March 31, 2018, sales amounted to approximately SEK 1.2 bn. (pro forma) and the EBITDA and EBITA margins were 29-30 and 28-29 percent respectively. Since 2013, average annual sales growth has been approximately 20 percent, of which 11 percent organic. Continued growth in both sales and profit is expected during 2018.

Patricia Industries has injected SEK 5.5 bn. in equity financing for approximately 90 percent ownership of the company. The remainder of the enterprise value has been financed by external debt and equity participation by Piab’s management and the founding family Tell.

This information is not of the kind subject to disclosure obligation by Investor AB pursuant to the EU Market Abuse Regulation.

About Patricia Industries
Patricia Industries, a part of Investor AB, makes control investments in leading companies with strong market positions, brands and corporate cultures within industries positioned for secular growth. Our ambition is to be the sole owner of our companies, together with strong management teams and boards. We invest with an indefinite holding period, and focus on building durable value and capturing organic and non-organic growth opportunities.

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KPMG Sweden sells Business Accounting Services division to IK Investment Partners

ik-investment-partners

IK Investment Partners (“IK”), a leading Pan-European private equity firm, is pleased to announce that the IK VIII Fund has reached an agreement with KPMG Sweden (“KPMG”) to acquire its division for accounting, payroll and related advisory services (“Business Accounting Services”). 

Business Accounting Services is a leading provider of accounting, payroll and related advisory services with approximately 300 employees across Sweden. The transaction represents an attractive opportunity for both employees in accounting and payroll administration and for KPMG as a whole.

In February 2018, IK announced the acquisition of Aspia, which operated as a separate division within PwC, supporting over 27,000 small and medium-sized enterprises (SMEs). Aspia is one of the leading companies in accounting, payroll and related advisory services with 71 offices and approximately 1,100 employees across Sweden. The transaction is expected to close 2nd July 2018.

The plan is to integrate Aspia and Business Accounting Services, and the combined entity will operate under the brand name of Aspia. Together, the two businesses had a turnover of more than SEK 1.25 billion.

“Aspia and Business Accounting Services share similar expertise, service offering, customer base and presence as well as cultural heritage. Both companies have a vision to innovate and create new ways of working for SME businesses, especially through our strong digital service offering, and we can’t wait to welcome our new colleagues,” said Magnus Eriksson, Service Line Leader at PwC and Incoming CEO of Aspia.

“The acquisition of Business Accounting Services marks an important milestone for Aspia, and we at IK are incredibly proud to be part of this combination of two great businesses,” said Alireza Etemad, Partner at IK Investment Partners.

“Aspia will give our employees in Business Accounting Services a new home where their expertise is a core skill, with good opportunities to be competitive as well as resources to develop staff skills and drive technology development in the sector. At the same time, KPMG will strengthen its audit agenda and free up resources for strategic efforts in the digital arena and recruiting key employees,” said Magnus Fagerstedt, CEO of KPMG Sweden.

The terms of the transaction were not disclosed. The transaction is subject to customary approvals.

For further questions, please contact:

IK Investment Partners
Alireza Etemad, Partner
Phone: +46 8 678 95 24

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

KPMG
Magnus Fagerstedt, CEO
magnus.fagerstedt@kpmg.se
Phone: +46 8 723 91 00

Björn Bergman, Head of Communications
bjorn.bergman@kpmg.se
Phone: +46 708 76 24 53

Aspia
Magnus Eriksson, Service Line Leader at PwC and Incoming CEO of Aspia
Phone: +46 709 29 11 25

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 115 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, visit www.ikinvest.com

About KPMG
At KPMG we work with our clients to inspire confidence and empower change. What drives us is a desire to pass on business insights and provide expert audit, tax and advisory services tailored to specific industries. Our global network of 197,000 specialists in 154 countries makes us one of the world’s leading knowledge companies. In Sweden we have a strong local presence with 1,700 employees at around 50 locations. Read more at www.kpmg.se

 

 

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CapMan Buyout to sell The North Alliance to Norvestor

Funds managed by CapMan Buyout have agreed to sell their holdings in The North Alliance to funds managed by Norwegian private equity company Norvestor.

CapMan Buyout funds continue to deliver successful exits of portfolio companies with The North Alliance (“NoA”) as the fifth transaction within the last eight months.

Pan-Scandinavian NoA offers an integrated range of services within design, communications, and technology. NoA consists of leading agencies in Sweden, Denmark and Norway with offices in Stockholm, Copenhagen, Oslo, Krakow, Chicago and Los Angeles. In 2017 the net sales of NoA was approximately MEUR 80 in agency fee and it employed approximately 730 persons. Funds managed by CapMan acquired NoA in 2014 and both growth and profitability of the company has developed favourably during the ownership period of CapMan.

“During the last four years since NoA was formed, it has grown into one of the most successful agency networks in Scandinavia and achieved global recognition for its creativity and innovation capabilities. Our strategy under CapMan’s ownership to create a Nordic leader has been achieved through establishment of offices in Scandinavian capitals and through key strategic acquisitions. By working extensively with the right type of integration of these agencies, NoA has managed to come to the market with a unique offering, benefiting from cross selling, operational best practice, centralized back office and PMO functions while increasing the quality in its creative output as demonstrated by the many awards in Scandinavia and internationally. This was of course only possible by having a very skilled and dedicated management team supporting the CEO Thomas Høgebøl, who came to us with this vision in 2013,” says Tobias Karte, Investment Director at CapMan Buyout and responsible for the investment in NoA.

“We have achieved a lot during these four years and the story of NoA is still in its beginning. CapMan has supported me in realizing the vision I had for NoA in a very good way, contributing with expertise and support in how to build a company of this size and realizing the strategic agenda we have had. I am happy that the development of NoA can continue with a new strong owner who is willing to support us further in realizing our vision,” says Thomas Høgebøl, CEO and founder of The North Alliance.

The completion of the transaction is pending certain conditions including approval from competition authorities.

The CapMan Buyout team comprises 12 investment professionals working in Helsinki and Stockholm. The funds managed by CapMan Buyout invest in medium-sized, unlisted companies in the Nordic countries.


For more information, please contact:
Tobias Karte, Investment Director, CapMan Buyout, tel. +46 733 442 896
Thomas Høgebøl, CEO, the North Alliance, tel. +47 950 92 000

CapMan
www.capman.com
@CapManPE

 

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 has today approximately 120 private equity professionals and manages 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 Equity and Infrastructure. We also have a growing service business that currently includes procurement services (CaPS), fundraising advisory (Scala Fund Advisory), and fund management services.

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InfraRed acquires 40% stake in 228MW Australian onshore wind farm

InfraRed Capital Partners

18 Jun 2018

InfraRed Capital Partners has acquired a 40% stake in the Lal Lal Wind Farm, a 228MW greenfield onshore wind farm project in Australia. The investment makes InfraRed one of the largest shareholders in a consortium of investors.

Lal Lal will comprise 60 x 3.8MW Vestas turbines across two sites near Ballarat in the state of Victoria. Construction has started and the sites are expected to be fully operational in late 2019. The project will benefit from revenue offtake with two Australian industrials. Once fully operational, Lal Lal is expected to generate over 650GWh per annum, enough energy to power over 92,000 households.

Edward Hunt, Investment Director, Infrastructure, InfraRed states: “Lal Lal is an attractive opportunity to invest in a high-quality onshore project alongside experienced partners. It marks an important milestone for InfraRed’s global energy platform as we will be able to bring our experience in greenfield energy projects across the Americas and Europe to support the generation of clean energy in Australia.”

Sebastien Pochon, Director, Infrastructure, InfraRed adds: “InfraRed manages over 2GW of capacity worldwide. We have been investing in Australia since 2009 and are delighted to be expanding our offer here. We are proud of our role in facilitating global renewables growth and actively continue to pursue opportunities in low carbon generation, grid services and energy storage.”

 

Enquiries

Tulchan Communications
+44 (0) 20 7353 4200
Latika Shah
Sheebani Chothani

 

 

More Information

About InfraRed Capital Partners:

InfraRed is a leading global investment manager focused on infrastructure and real estate. It operates worldwide from offices in London, Hong Kong, New York, Seoul and Sydney. With around 130 professionals it manages in excess of US$10bn of equity capital in multiple private and listed funds, primarily for institutional investors across the globe.

Since its inception, InfraRed has launched 17 funds, including two companies listed on the London Stock Exchange: HICL Infrastructure Company Limited and The Renewables Infrastructure Group (TRIG), both of which are members of the FTSE 250. To date, InfraRed has realised six funds, demonstrating its ability to create real value for its stakeholders.

InfraRed has been investing in the Infrastructure market for over 20 years and is one of world’s largest managers of social and transportation infrastructure projects. InfraRed has evolved its business from principally managing PPP projects at its inception to a diversified and international investment business, with around 80 infrastructure investment professionals, managing over 200 investments in PPP projects, renewable energy, regulated and economic infrastructure businesses.

InfraRed implements best-in-class practices to underpin asset management and investment decisions, promotes ethical behaviour and has established community engagement initiatives to support good causes in the wider community. InfraRed is a signatory of the Principles of Responsible Investment and its infrastructure business has been awarded the highest rating.

Further details can be found on InfraRed’s website, www.ircp.com.

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The Renewables Infrastructure Group Limited -Acquisition of Solwaybank onshore wind farm in the UK

InfraRed Capital Partners

18 Jun 2018

The Board of TRIG is pleased to announce that it has acquired an onshore wind farm in the UK, Solwaybank, located in Dumfries and Galloway, Scotland. Solwaybank is in the early stages of construction and expected to become operational in Q1 2020. Once complete, Solwaybank will comprise 15 Senvion MM100 wind turbines, each with a rated capacity of 2.0MW, amounting to 30MW.

Solwaybank will be one of few onshore wind farms in the UK to benefit from the attractive Contract for Difference tariff (“CfD”) which fixes the power price during the first 15 years of operations. Solwaybank has an allocated strike price of £82.50 per MWh in 2012 prices (equivalent to £91.14 in current prices).

The project was acquired from TRIG’s Operations Manager, RES, pursuant to TRIG’s right of first offer agreement. The total consideration for the project is expected to be approximately £82 million, including construction costs. Of this, £39 million was invested at acquisition, partly funded through a drawdown of the Group’s revolving acquisition facility which now stands at £134 million drawn. The project does not have any third-party project level debt.

Following this acquisition, TRIG’s construction exposure is 12% of its portfolio value, measured on a fully invested basis. By the year-end, this exposure is expected to reduce to c.7%.

The Investment Manager is evaluating a strong pipeline of investment opportunities for the Company in wind and solar assets in the UK, Ireland, France and Scandinavia.

Richard Crawford, Director, Infrastructure at InfraRed Capital Partners, said:

“Solwaybank is an important addition for the TRIG portfolio, being its first CfD wind farm in the UK. Together with the two French wind farms acquired last week, Solwaybank enhances the Company’s revenue visibility as part of a balanced portfolio. The windfarm is being constructed by RES who have an impressive track record in developing and building renewable energy assets.”

For the RNS issued by TRIG, please follow the link.

Enquiries

InfraRed Capital Partners Limited
+44 (0) 20 7484 1800
Richard Crawford
Phil George

 

Tulchan  Communications
+44 (0) 20 7353 4200
Martin Pengelley
Latika Shah

 

 

More Information

The Renewables Infrastructure Group Limited (TRIG)

The Renewables Infrastructure Group (“TRIG” or the “Company”) is a leading London-listed renewable energy infrastructure investment company. The Company seeks to provide shareholders with an attractive long-term, income-based return with a positive correlation to inflation by focusing on strong cash generation across a diversified portfolio of predominantly operating projects. TRIG is targeting an aggregate dividend of 6.50 pence per Ordinary Share for the year to 31 December 2018.

TRIG is invested in a portfolio of 61 renewables projects (including onshore and offshore wind, solar PV and power storage projects) in the UK and Northern Ireland, France and the Republic of Ireland, with aggregate net output capacity of 938 MW following completion of its assets under construction.

Further details can be found on TRIG’s website at www.trig-ltd.com.

InfraRed Capital Partners Limited (InfraRed)

TRIG’s Investment Manager is InfraRed, which has successfully invested in over 200 infrastructure projects since 1997.  InfraRed is a leading global investment manager focused on infrastructure and real estate. It operates worldwide from offices in London, Hong Kong, New York, Seoul and Sydney. With around 130 professionals it manages in excess of USD 10bn of equity capital in multiple private and listed funds, primarily for institutional investors across the globe. InfraRed is authorised and regulated in the UK by the Financial Conduct Authority.

The infrastructure investment team at InfraRed consists of c. 80 investment professionals with an infrastructure investment background and a broad range of relevant skills, including private equity, structured finance, construction, renewable energy and facilities management.

Further details can be found on InfraRed’s website, www.ircp.com.

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Industrifonden Life Science recruits Bita Sehat as Investment Manager

IndustrieFonden

Industrifonden strengthens its Life Science investment team through the recruitment of Dr. Bita Sehat as Investment Manager. Bita brings over 10 years of scientific expertise in oncology as well as corporate experience from Europe and North America.

Prior to joining Industrifonden, Bita Sehat held the position of Head of Business Development and Strategic Partnerships for Battat Inc., a consumer goods company. Her previous experience also includes positions in the health care team at Caisse de dépôt et placement du Québec, the Canadian investment fund, and Foster Rosenblatt Consulting, a forecasting and valuation firm in the pharmaceutical area.

Therapeutics remain the core of our business. The pharmaceutical industry is in the midst of an innovation leap, spearheaded by clinically meaningful novel therapies in areas such as oncology and immunology. Bita’s deep understanding for oncology combined with her North American business experience will be a great addition to our team, says Nina Rawal, Head of Life Science at Industrifonden.

Bita Sehat holds a Master of Science in Biomedicine and a Ph.D. in molecular oncology, both from Karolinska Institute. Her scientific experience also includes two post-doctoral fellowships at Karolinska Institute and McGill University, within the area of signal transduction in breast cancer. Bita also holds an MBA degree in Strategy and Business Valuation from Concordia University John Molson School of Business.

 I’m excited to join the talented life science team at Industrifonden. The Nordic life science landscape is highly innovative and I hope to utilize my scientific expertise and commercial experience to translate strong science into commercially viable products that can improve peoples’ lives, says Bita Sehat.

Industrifonden Life Science is one of the leading venture capital investors in the Nordics, with a focus on pharmaceuticals, medical devices and digital health. Current portfolio companies include Oncopeptides, Calliditas Therapeutics, and AMRA.

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FSN CAPITAL V forms new challenger in Nordic IT Services

Fsn Capital

FSN Capital V (“FSN Capital”) has agreed with the owners of Office-IT Partner (“OITP”), Zetup and Dicom to form a new challenger within the Swedish IT services market. FSN Capital V will become a majority owner of the new group, which aims to become a Nordic market leader within IT infrastructure, cloud services and process digitalization. Focusing on medium-sized organizations, OITP, Zetup and Dicom provide managed IT and outsourcing services to customers across all industries including workspace IT, infrastructure and application management as well as digitalization services.

The new group will have more than 500 employees with an annual turnover of SEK 1 billion, serving its customers from 33 offices across Sweden. FSN Capital will support the continued development of the group while strengthening its platform, accelerating knowledge sharing and developing the group’s service offering within IT and digitalization services both organically and via acquisitions. The group entities will maintain their strong focus on customer partnerships and business improvements.

Lotta Widorson Lassfolk, CEO of Office IT-Partner, will assume to role as the group’s interim CEO. Widorson-Lassfolk comments: “We are excited about forming this group and welcoming FSN Capital as our new growth partner. We are entering the next stage of growth in the Swedish IT services market and our partnership with FSN Capital will enable us to continue to develop our platform and service offering as well as attract new talents to the group. We will continue to work on our customer centric offering providing our customers with high quality, efficient and innovative solutions while integrating new services into our offer to become a true digitalization partner to our customers.”

Claes Willén, CEO of Dicom, adds: “Dicom, OITP, and Zetup share the same commitment of delivering superior value to our customers with highest customer satisfaction. We complement each other well when it comes to skillset and customer mix. We are very much looking forward to growing together as a group and building a leading Nordic managed IT services group.”

Mats Franzén, CEO of Zetup, says: “Zetup has since its inception focused on delivering superior value to our customers driving continued business improvements. We are excited to have found a group of companies that shares the same values and can help us to expand our offer and customer base. We are very happy about the new partnership and are confident that it will allow us to deliver even better services to our customers going forward.”

“We have followed the IT infrastructure services market for some time and see a great opportunity to establish a leading group at the forefront of digitalizing mid-size companies across the Nordics. Against this backdrop, Office IT-Partner, Zetup and Dicom represent an optimal platform due to their strong customer focus, well-oiled delivery model and shared vision for the future. We are thrilled to partner with management, founders and employees in building a new innovative force within IT” says Andreas Bruzelius, Principal at FSN Capital Partners AB, acting as investment adviser to FSN Capital V.

FSN Capital V was advised by UB Capital, The Boston Consulting Group, Baker McKenzie and PWC.

 

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