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TowerBrook announces acquisition of Bosal ACPS

London, 5 January 2018 – TowerBrook Capital Partners announces today that it has entered into a definitive agreement to acquire Bosal ACPS (the “Company”), a German manufacturer of tow bars with operations in Europe and the Americas, from Bosal Group. Financial terms of the transaction were not disclosed.

Bosal ACPS is a leading manufacturer of tow bars for original equipment manufacturers and suppliers (OEM/OES) and for the aftermarket in Europe, generating sales in 2017 of approximately €250m with around 2000 employees. The Company has manufacturing facilities in Germany (where it is headquartered), Hungary, Mexico, Russia and France. The Company has a history of innovation, having invented and introduced retractable tow bars in the early 2000s and the first fully electric retractable tow bar in 2010.

TowerBrook is also pleased to announce that Gerhard Boehm, Vice Chairman of Reydel Automotive, has agreed to serve on the Board as Chairman and as CEO. Mr Boehm has extensive experience of the automotive industry: his former roles include head of FM Powertrain, CEO of Peguform and head of Continental Engine Systems. Supporting Gerhard, Bosal ACPS has a highly-experienced management team with a collective 100 years of expertise in the automotive industry. The team sees significant potential for international growth, as well as opportunities for operational improvement. They also have ambitious plans to accelerate technological innovation, partnerships and acquisitions.

Ramez Sousou, co-CEO and co-founder of TowerBrook said “Bosal ACPS enjoys a leading market position underpinned by its international footprint, product quality and innovation. The business has a number of potential opportunities to drive growth and operational improvements. TowerBrook’s expertise, together with our transatlantic networks and longstanding relationships in the automotive industry, complement and support management’s ambitious plans.”

Gerhard Boehm added “I am very excited to be joining such a dynamic business and management team. Bosal ACPS enjoys favourable mega trends in the take up of tow bars, along with a focus on more comfort, energy efficiency and leisure activity, which are driving product development in both the OEM and aftermarket segments of our business. The business has a strong product pipeline and with TowerBrook’s help it will be able to ramp up in those markets in which it is currently under-represented, such as the NAFTA region, as well as pursue an international growth strategy, including potential acquisitions”.

It is anticipated that the transaction will close at the end of Q1 2018.

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Oncgnostics reaches the funding limit on seedmatch of € 750,000 early

BM-T

Oncgnostics GmbH has reached the funding limit of € 750,000 on the crowdfunding platform seedmatch 39 days before the end of the campaign. The first funding threshold of € 100,000 was already reported 2.5 hours after the start of the seedmatch campaign on 14 December 2017.

The company is a spin-off of the Gynecological Clinic of the University of Jena and develops – based on patented epigenetic markers – highly reliable molecular biology tests for early diagnosis, treatment decision and follow-up in cancer diagnostics.

With the raised crowd investment, oncgnostics will promote the positioning and marketing of the product GynTect® in the European and North American markets. Additionally further studies will be performed to reach a broad acceptance of GynTect® with the health insurance companies.

http://www.oncgnostics.com/?lang=en

 

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Silver Lake and Weld North Education Announce Strategic Partnership

KKR

Investment to Advance Weld North’s Mission to Provide the Most Innovative and Effective Digital Curriculum to Students, Teachers and Administrators Across America

NEW YORK, Jan. 4, 2018 /PRNewswire/ — Silver Lake, the global leader in technology investing, announced today that it will acquire a majority stake in Weld North Education (WNE), a leading digital education technology company focused on developing digital curriculum and tools for preK-12th grade. Silver Lake’s investment will help WNE accelerate its long-term growth initiatives to serve the rapidly changing technology demands for educating preK-12 students. Jonathan Grayer, Chairman and CEO of Weld North, will continue to lead the company, which is being sold by its prior majority owner, KKR. Terms of the transaction were not disclosed.

Founded in 2010 as a partnership between Grayer and KKR, Weld North Education seeks to redefine the capability of digital learning curricula to improve student outcomes. Beginning with its acquisition of e2020 in July 2011 (later renamed Edgenuity) and further advanced with the purchase of Imagine Learning, WNE has invested substantially into both SaaS platforms to adapt to every student’s evolving learning needs. Edgenuity’s vast K-12 online curriculum, supplemental material and instructional services are deployed at nine of the top 15 school districts in the U.S. Imagine Learning’s leading animation-driven language and literacy software improves how elementary students learn English in districts across the country.

Weld North LLC’s other platform companies, Performance Matters and The Learning House, are not included in the Silver Lake transaction.

“Since inception, our focus at Weld North, in partnership with KKR, has been to create an important preK-12 digital curriculum platform that would improve a teacher’s ability to educate and a student’s ability to learn. By adapting to the strengths and weaknesses of a student in real time, digital curricula can improve learning outcomes more quickly than print and legacy methods,” said Jonathan Grayer, CEO of Weld North.

“I’m enormously proud of what our team has accomplished so far. We are recognized as a market leader in both the number of schools that use our products – over 3,000 school districts – and in the way we have innovated to maximize the power of digital curricula,” Mr. Grayer added. “Our new relationship with Silver Lake represents the next important phase of our growth strategy as we partner with another world-class firm, one particularly well-known for its ability to help scale technology businesses. We are excited about what this can all mean for students, educators and parents.”

“Jonathan and his world-class management team have built an exciting platform at the vanguard of preK-12 digital learning, harnessing the power of technology to bring the highest quality education to America’s schools,” said Greg Mondre, Managing Partner of Silver Lake. “We look forward to working alongside Jonathan and his team, including supporting them with additional growth capital, as they execute on Weld North’s vision to build the market leader in preK-12 digital education.”

“KKR’s partnership with Jonathan Grayer and his team in building Weld North has been gratifying both in terms of financial results and societal impact,” said Richard Sarnoff, Head of KKR’s Media and Communications industry team. “Educating students remains mission critical for our country’s long-term vitality, and Weld North’s digital curriculum platform – unique for preK-12 – has delivered exceptional and sustainable value to students and educators in districts across the U.S. We are excited to see Silver Lake invest in the business for its next stage of growth, and wish the firm great success in its future work with Weld North Education.”

Macquarie Capital and Centerview Partners acted as the financial advisors to Weld North and KKR in the transaction, while Latham & Watkins LLP acted as the companies’ legal advisor. Ropes & Gray LLP acted as legal advisor to Silver Lake in the transaction.

About Silver Lake
Silver Lake is the global leader in technology investing, with about $39 billion in combined assets under management and committed capital and a team of approximately 100 investment and value creation professionals located in Silicon Valley, New York, London, Hong Kong and Tokyo. Silver Lake’s portfolio of investments collectively generates more than $140 billion of revenue annually and employs more than 300,000 people globally. The firm’s current portfolio includes leading technology and technology enabled businesses such as Alibaba Group, Ancestry, Broadcom Limited, Cast & Crew, Ctrip, Dell Technologies, Endeavor, Fanatics, Global Blue, GoDaddy, Motorola Solutions, Red Ventures, Sabre, SoFi, SolarWinds and Symantec. For more information about Silver Lake and its entire portfolio, please visit www.silverlake.com.

About Weld North
Weld North operates a platform of digital and SaaS educational solution businesses and makes control investments in high potential businesses in the education industry. By attracting highly motivated and distinctly talented professionals, Weld North looks to accelerate growth through an obsessive focus on enhancing the customer experience, operational excellence, marketing expertise and disciplined financial management.

About KKR
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit and, through its strategic manager partnerships, hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside its partners’ capital and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

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Vaaka Partners sells Ovenia

VAAKA PARTNERS SELLS OVENIA, THE LEADING FINNISH REAL ESTATE MANAGEMENT SERVICES COMPANY, TO COLLIERS INTERNATIONAL

04 Jan 2018 14:33

Ovenia is the leading property management service provider in the Finnish market. The company offers real estate management related services for shopping centers, business premises and residential property owners and users with nationwide operations. Today, Ovenia has an annual turnover of over 45 million euro and it operates from 26 locations. Customers are served by over 500 real estate professionals who provide property and residential management services, technical, environmental and energy efficiency services, and commercial leasing.

”It has been a great journey to take part in developing Ovenia into a leading player within property management in Finland. We are very satisfied to see that we have found a new strong international owner for Ovenia that will continue to develop the company in its following development phase. During our ownership, Ovenia has tripled in size and developed into a full scope property management company serving all real estate customer segments with a broad service offering”, comments Ilkka Hietala, Partner at Vaaka Partners.

“This acquisition represents an important milestone in our Nordic and Pan-European growth strategy,” said Chris McLernon, Colliers International EMEA CEO. “Our clients have been asking us to strengthen our presence in the Nordics for some time and with this investment, we enter the market as the undisputed leader. Our new business in Finland also enhances our existing property and asset management platform throughout the Nordics and wider EMEA region.”

“With a shared culture of service excellence together with the best professionals in the property management industry, we have created an industry leader in Finland,” said Sirpa Ojala CEO of Ovenia. “We currently manage a property portfolio of more than ten million square meters and offer a wide range of best-in-class property management and advisory services to blue-chip clients. Our entire leadership team is excited to be joining Colliers International and to take advantage of their additional resources, unique entrepreneurial culture and ability to serve clients both locally and globally,” she concluded.

About Ovenia

The Ovenia Group is Finland’s leading provider of property and real estate management services and leasing services. The Group comprises Ovenia Oy, Ovenia Isännöinti Oy and Realprojekti Oy. The Ovenia Group is responsible for the maintenance of 19 shopping centres and 1,500 business premises, and the administration of over 50,000 apartments. All services are provided in accordance with the ISO 9001 certification for property management. Ovenia Group operates in 26 localities across Finland and employs over 500 property professionals. www.ovenia.fi, www.realprojekti.fi

About Colliers International Group Inc.

Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

 Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that helps clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm. Colliers also has been ranked the top property manager in the world by Commercial Property Executive for two years in a row.
For the latest news from Colliers, visit Colliers.com or follow us on Twitter (@Colliers) and LinkedIn.

More information:

Ilkka Hietala, Partner, Vaaka Partners, mobile: +358 50 358 6929, ilkka.hietala@vaakapartners.fi 
Sirpa Ojala, CEO, Ovenia, mobile: +358 40 566 3466, sirpa.ojala@ovenia.fi

 

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Apax Digital leads $60 million funding round in SoYoung

Apax Digital

Apax Digital’s backing of China’s leading online marketplace for aesthetic medical treatments is the Fund’s second investment 

New York and London, 3 January 2018 – Apax Digital (“the Fund”) has today announced that it has led the $60 million Series D funding round in SoYoung, the largest online marketplace for aesthetic medical treatments in China. Through SoYoung’s native app and websites, customers can research aesthetic medical treatments, doctors, and clinics, and can directly book procedures with participating providers. Apax Digital was joined in the funding round alongside new and existing investors.

The Chinese aesthetic medicine market is large and growing, driven by favourable socio-economic, demographic, and cultural trends. Against this backdrop, SoYoung, founded in 2013 and headquartered in Beijing, has experienced impressive growth and market share gains, driven by its strong value proposition connecting consumers and providers. The new funding will be used to continue to drive marketplace improvements, geographic expansion, and customer acquisition.

Jin Xing, CEO of SoYoung, said: “We are delighted to welcome Apax Digital as a partner and investor in our business. Apax Partners’ extensive track record in digital marketplaces, experience in healthcare investment, leading Chinese market presence, and proven operating team made it the ideal partner for our business as we continue to bring our app and services to a greater number of consumers. We look forward to working with Apax Digital as we move into the next phase of our growth.”

Marcelo Gigliani, Managing Partner of the Apax Digital team, said: “We have been very impressed with the strong value that SoYoung brings to both consumers and clinics, and with the company’s world-class traffic growth, engagement, and monetization model. We are eager to leverage our experience investing in digital marketplace businesses by partnering with Jin Xing and his team to continue SoYoung’s market leadership expansion over its next exciting growth phase.”

Richard Zhang, Partner and Head of Apax Greater China, said: “Apax Partners has long been actively involved in the Chinese market. With the completion of SoYoung, Funds advised by Apax Partners (“the Apax Funds”) have invested c.$400m in China during 2017. We are very pleased to work alongside Apax Digital with this investment; SoYoung is a leading player in a market with huge growth potential.”

The investment in SoYoung constitutes the eighth digital marketplace investment by the Apax Funds. Prior recent digital marketplace investments include Auto Trader (UK), Boats Group (US), idealista (Spain), SouFun (China), and Trader Corporation (Canada).

The investment also follows the announcements last month of Apax Digital’s successful raising of its $1 billion fund, which reached its hard cap, and its first investment – in Moda Operandi, a leading, multi-brand luxury ecommerce business known for selling runway apparel on an exclusive basis.

About Apax Digital
Apax Digital is a $1 billion fund raised in 2017 focused on minority and buyout investments in high-growth enterprise technology and internet companies globally.  Advised by Apax Partners, a global private equity firm, Apax Digital’s investments are focused on subsectors where Apax Partners has expertise, including vertical software, data & analytics, tech-enabled services, marketplaces, digital media, and disruptive e-commerce. For further information about Apax Digital, please visit http://digital.apax.com.

Over its more than 35-year history, Apax Partners has raised and advised funds with aggregate commitments of $51 billion*. These funds provide long-term equity financing to build and strengthen world-class companies. For further information about Apax Partners, please visit http://apax.com.

* Funds raised since 1981, commitments converted from fund currency to USD at FX rates as at 30 September 2017.

About SoYoung
Founded in 2013, SoYoung is the largest Chinese online medical aesthetic marketplace, allowing in-market consumers to research treatments, clinics, and providers, and book services directly through its proprietary platforms. The Company is a community-driven lead generation marketplace, comprised of user-generated reviews, rankings, videos, and other info about medical aesthetic treatments, doctors, and hospitals. For further information about SoYoung, please visit http://soyoung.com.

Media Contacts 

Apax Partners LLP – Global media inquiries
Andrew Kenny, Head of Communications
Tel: +44 20 7872 6371
Email: andrew.kenny@apax.com

Apax Partners LLP – NorAm and LatAm media inquiries
Todd Fogarty
Tel: +1 212 521 4854
Email: todd.fogarty@kekst.com

Apax Partners LLP – EMEA media inquiries
Greenbrook Communications
James Madsen, Matthew Goodman, Annabel Clay
Tel: +44 20 7952 2000
Email: apax@greenbrookpr.com

SoYoung – Media inquiries
Mo Lv
Tel:  +86 10 5707 6564
Email: marketing@soyoung.com

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EQT Credit provides financing to support Spanish Metalcaucho

eqt

The EQT Mid-Market Credit fund (“EQT Credit”) today announces that it has provided a new financing solution to support the fund ABAC Solutions (SCA) SICAR (“ABAC”) and management’s investment in Metalcaucho (or the “Company”), a leader in non-OEM spare parts.

Headquartered in Barcelona, Spain, Metalcaucho is a leading automotive spare parts designer and distributor focused on rubber, plastic and metal parts for the independent automotive aftermarket, supplying over 12,500 SKUs across Europe. The new financing will support Metalcaucho with its strong organic and inorganic growth profile through continued product development and international expansion to consolidate its leading position further.

Alexandre Hökfelt, Director at EQT Partners’ Credit team, Investment Advisor to EQT Credit, commented: “Under ABAC’s ownership and with its exceptional management team and strong product offering, Metalcaucho has achieved significant growth and development in a short time period. EQT Credit is excited to support the Company and the management team as it continues its impressive track record of growth and expansion.”

Contacts:
Alexandre Hökfelt, Director at EQT Partners, Investment Advisor to EQT Mid-Market Credit, +44 7742 9069 12
EQT Press Office, +46 8 506 55 334, press@eqtpartners.com

About EQT
EQT is a leading alternative investments firm with approximately EUR 38 billion in raised capital across 25 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 EQT Credit
The EQT Credit platform, which spans the full risk-reward spectrum investing with three strategies: senior debt, direct lending and credit opportunities, has invested approximately EUR 4.0 billion across approximately 150 companies since inception in 2008.

For more information: www.eqtpartners.com/Investment-Strategies/Credit

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Tesi to invest in fast-growing KotiSun Group

Tesi

Investments in companies – 2017-12-27

Tesi, The CapMan Buyout X fund and Varma Mutual Pension Insurance Company have entered into an agreement to invest in KotiSun Group. The seller in the transaction is Panostaja Plc. As a result of the transaction, CapMan, Tesi and Varma will become the majority owner of KotiSun Group Oy. The management of KotiSun Group will own 30% of the company.

Founded in 2006, KotiSun Group is a nationwide company specialising in high-quality renovations of service water, heating and drainage systems. The company is the market leader in Finland with a turnover of MEUR 42.5, which has been growing at an average annual rate of 30% during the last five years. The company employs about 400 people throughout Finland and has this year successfully begun its expansion into Sweden.

“KotiSun Group is a strong company that has done groundbreaking work in its own field. The company is known for its customer-oriented approach and principles of continuous development. We are very excited about this investment, which will offer us the opportunity to grow a market leader in Finland and expand a working concept internationally. The growth driven and committed management of KotiSun has done an excellent work in developing the company and we look forward to our co-operation,” says Antti Karppinen, Investment Director at CapMan Buyout.

“Over the past years, we have developed and grown in various areas and I feel that now is the right moment to take the next step on our journey to achieve our ambitious goals related to the growth and internationalisation of the company. We wanted CapMan to be our partner because of its professional team and wide-ranging experience. In addition, CapMan operates in Finland and Sweden, which are important markets for us. Together, we can turn the company into a specialist in home renovation projects that is able to serve its customers even better than before,” says Kalle Lahtinen, CEO of KotiSun Group.

For further information, please contact:

Kalle Lahtinen, CEO, KotiSun Group Oy, tel. +358 40 4177 962
Antti Karppinen, Investment Director, CapMan Buyout, tel. +46 731 456 462
Samuel Saloheimo, Investment Manager, Tesi, tel. +358 50 438 3311

CapMan is a leading Nordic investment and specialised asset management company. As one of the Nordic private equity pioneers, we have actively developed hundreds of companies and real estate and thereby created substantial value over the past 28 years. Today, CapMan employs 110 private equity professionals and manages €2.7 billion in assets. We mainly manage the assets of our customers, the investors, but also make direct investments from our own balance sheet in areas without an active fund. http://www.capman.com | @capmanPE

Tesi (Finnish Industry Investment Ltd) is a venture capital and private equity company that accelerates companies’ success stories by investing in them directly and via funds. Tesi always invests together with other investors, providing them with access to high quality deal-flow in Finland. Our investments under management total 1 billion euros and we have altogether 723 companies in portfolio. www.tesi.fi/en | @TesiFII

Varma Mutual Pension Insurance Company is a responsible and solvent investor. The company is responsible for the statutory earnings-related pension cover of some 878,000 people in the private sector. Premiums written totalled EUR 4.7 billion in 2016 and pension payments stood at EUR 5.3 billion. Varma’s investment portfolio amounted to EUR 45.4 billion at the end of September 2017. www.varma.fi/en | @varma_tweet

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Ardian to Acquire Significant Minority Stakes in Industrial Engineering Group Fives

Ardian

Canadian Institutional Investors CDPQ and PSP Investments Sign an Agreement with Management and Ardian to Acquire Significant Minority Stakes in Industrial Engineering Group Fives

Montréal, December 22, 2017

– La Caisse de dépôt et placement du Québec (“CPDQ”) and the Public Sector Pension Investment Board (PSP Investments), two of Canada’s largest pension investment managers, today announced a joint investment in Fives, a global industrial engineering group headquartered in France, which designs and supplies engineered machines, process equipment and production lines for the world’s largest industrial players. CDPQ and PSP Investments will each acquire a significant minority stake in Fives, which will remain controlled by its management, to support the next development phase. Ardian, a world-leading investment house, will continue to be part of the new shareholding structure, as a minority co-investor.

Founded in 1812, Fives has participated in the modernization of various global industries, including steel, aluminium, cement, energy, and more recently, the automotive and aerospace industries, as well as logistics. The group’s rich history is grounded in constant innovation, development of proprietary technologies, international expansion and a pioneering spirit. This enables Fives to have a comprehensive global vision of the various industries in which it operates, as well as strong expertise in the design of critical equipment and solutions for industrial processes.

Today, Fives is at the forefront of innovation, taking a leading role in the “Industry of the Future” with a unique focus and expertise in digitalisation, automation and robotics to optimize industrial processes. With a network spanning four continents, the group possesses a balanced global footprint. For the year ending December 2017, the group is expected to generate over EUR1.8 billion (CAD$2.7 billion) in sales, across North America (30%), Europe (30%), Asia (22%) and the Middle-East and Africa (18%).

This transaction offers CDPQ and PSP Investments the opportunity to become important partners, contributing to the continued development of Fives’ solutions, designed to improve the overall performance of industrial plants, including the optimisation of the energy and resource efficiency and environmental footprint. The partnership with CDPQ and PSP Investments will provide Fives with the necessary resources to finance its mid- and long-term expansion plans through major growth avenues, particularly in markets like Intralogistics, as well as leverage its recently developed breakthrough technologies.

Frédéric Sanchez, Chief Executive Officer of Fives Group, said: “In the past years, with the full support of Ardian, we have invested heavily in R&D and business development, both in terms of  portfolio products and geographical reach – reinforcing our leadership in our core markets and expanding our offer in adjacent booming segments such as FAW (Fully Automated Warehouse), as well as establishing AddUp, a promising platform with Michelin in metal 3D printing (additive manufacturing). Today, we are very enthusiastic to enter a new phase of our development with CDPQ and PSP Investments. Their long-term approach to investment, their deep valuable industrial insights and their strategic vision aligned with that of the management team make them ideal partners for the group, allowing Fives to take advantage, at a global scale, of the full potential of our diversified operations.”

“For over 200 years, Fives’ technology has changed the way the industrial world operates”, said Stephane Etroy, Executive Vice-President and Head of Private Equity at CDPQ. “We are impressed by the company’s ability to continuously adapt, innovate and expand worldwide within the context of rapidly changing technological landscapes. Alongside Frederic Sanchez, his management team, and our partner PSP Investments, we look forward to contributing to the industrial advancement and improved resource efficiency through Fives.”

“We are excited to team up with Fives’ talented management team, led by Frédéric Sanchez, a true visionary in this sector, alongside our partners at CDPQ and Ardian,” said Simon Marc, Managing Director and Head of Private Equity at PSP Investments. “The transaction is a great example of partnership with successful entrepreneurs and like-minded, long-term investors. Fives has been at the forefront of innovation since its inception and we are looking forward to supporting its growth in the next industrial revolution.”

“Fives is an excellent company with a rich, unparalleled heritage,” added Dominique Gaillard, CEO of Ardian France and head of Ardian Direct Funds. “As a business, it continues to go from strength to strength and its focus on industry-leading innovation, combined with its pioneering spirit, positions it well for the years to come. We have achieved great things with Fives since we first invested. CDPQ and PSP Investments are ideal partners and, alongside Ardian, will contribute significantly to its continued development.” The completion of the transaction remains subject to approval by relevant regulatory authorities.

ABOUT FIVES

As an industrial engineering Group, Fives designs and supplies machines, process equipment and production lines for the world’s largest industrials including the logistics, aluminum, steel ,automotive, aerospace, cement and energy sectors. Located in over 30 countries and with nearly 8,600 employees, Fives is known for its technological expertise and competence in executing international projects. Fives’ multi-sector expertise gives it a global vision of the industry which provides a continuous source of innovation. The effectiveness of its R&D programs enables Fives to design forward-thinking industrial solutions that anticipate clients’ needs in terms of profitability, performance, safety and compliance with environmental standards. This strategy is backed by a human resources policy that is focused on the individual, encourages initiative-taking, technical excellence and team spirit. For more information, visit fivesgroup.com or follow us on Twitter@fivesgroup or consult our LinkedIn pages.

ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC

Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans.

As at June 30, 2017, it held C$286.5 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.

ABOUT PSP INVESTMENTS

The Public Sector Pension Investment Board (“PSP Investments”) is one of Canada’s largest pension investment managers with C$139.2 billion of net assets under management as at September 30, 2017. 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 Canada’s federal Public Service, the Canadian Armed Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, Canada, PSP Investments has its principal business office in Montréal and offices in New York and London, its European hub. For more information,

visit www.investpsp.com, Twitter @InvestPSP or LinkedIn.

 

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$66bn managed or advised in Europe, North America 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 490 employees working from twelve offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco) and Asia (Beijing, Singapore). It manages funds on behalf of 610 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

Follow Ardian on Twitter @Ardian

www.ardian.com

 

 

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Ardian Real Estate to acquire “Heinemann Bogen“ office complex in Munich-Neuperlach

Ardian

With its fourth investment, Ardian Real Estate is actively pursuing its investment strategy to focus on core plus and value-added commercial property in key European cities

Frankfurt/Munich, December 20, 2017 – Ardian, a world-leading private investment house, has signed an agreement to acquire the “Heinemann Bogen” office complex in Munich’s Neuperlach district from a fund managed by Corpus SIREO Real Estate Sireo, which is owned by Swiss Life Asset Managers. The parties agreed not to disclose the financial details of the transaction. The complex is easily accessible and has around 16,000 square meters of rented space and 228 parking spaces. This is the second transaction by the Ardian Real Estate Europe Fund (AREEF) in Germany and the fourth in Europe. Last year, Ardian Real Estate (founded in 2015 and Ardian’s newest investment activity) had already acquired the KONRAD office complex in Munich Riem.

The “Heinemann Bogen” office complex was built in 1990 and was last renovated in 2013. The prominent complex consists of a main building that is connected to four office wings with five to six stories each. The natural stone façade, two tower-like semicircular structures above the entrances and a freestanding rental unit with a striking round glass front used as a restaurant space make it highly recognisable. The rental space offers tenants flexible and efficient floorplans for all office concepts in units per floor of approx. 460 square meters to 2,400 square meters. The office building is in a prestigious corner location at Schindlerplatz square, which is clearly visible from the directly adjacent “Neuperlach-Süd” station. Travel time to downtown Munich via the nearby S-Bahn (train) and U-Bahn (subway) connection takes about 20 minutes, and the A8 is just a few minutes away by car.

Neuperlach is a well-established office and services district in Munich. As a location, its character is shaped primarily by well-known companies in the high-tech and insurance industries with national and international operations, such as Siemens AG, BSH Bosch und Siemens Haushaltsgeräte, Allianz and Wacker Chemie. Many development projects – including residential, office and commercial properties – are now contributing further to the positive development of the Neuperlach location and continue to reflect its strong dynamic. The neighboring shopping center PEP in the center of Neuperlach will increase its space to a total of around 55,000 square meters with 135 stores by spring 2018. Once completed, the new district center with stores, apartments, a hotel and a daycare center will become an architectural highlight.

Bernd Haggenmüller, Managing Director Real Estate at Ardian: “Munich is an attractive business location with a high quality of life, and the demand for commercial real estate is correspondingly high in this region. Therefore, we are pleased to gain a foothold in this attractive market with a second property already. As a core plus property, about 75% of the space in Heinemann Bogen has been leased to date, and additional floorspace is available in the short term for new or successor tenants. In view of the superb infrastructure to live and work in as well as the high demand for space, we see significant potential for the property’s rental and value growth in coming years that we will support with our asset management expertise.”

Further information about Heinemann Bogen is available at the following website:

www.heinemannbogen-muenchen.de

The transaction was advised by BNP Paribas Real Estate, Herbert Smith Freehills, Beiten Burkhardt and REC Partners.

 

 

ABOUT ARDIAN

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Almi Invest invests in gedea Biotech

Almi Invest

Almi Invest invests two million in gedea Biotech, which is developing a new treatment for vaginal infections. In the issue of a total of 11 million is also participating private investors. The money will go to clinically validate the treatment method.

In 2018, the company, which is based in Lund, Sweden, to carry out a clinical study for the treatment and prevention of vaginal yeast infection.

Many women suffer from repeated vaginal infections without being cured. Gedea Biotech active substance acts in a new way by the fungus usually located behind loses its infectivity while other fungi and bacteria is inhibited by the substance pH-lowering properties.

The substance is naturally occurring and is also approved as a food additive and its effect gives great hopes for an effective and safe treatment that does not contribute to the emergence of antibiotic resistance.

– gedea has an interesting solution with high medical value that are able to quickly and cost-effectively get to the proof-of-concept and market, says Per Antonsson, Investment Manager at Almi Invest.

Among the investors in the issue is the investment company Porte-Monnaie, which primarily invests in unlisted companies. The company was founded in 2013 by Joakim Falk, Pouyan Kasraian and Staffan Gestrelius.

– It is gratifying that we have now established cooperation with knowledgeable and committed investors. They have great skills in general construction, sales and marketing of this type of products, says Annette Säfholm, president of gedea Biotech.

 

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