DIF Capital Partners closes the acquisition of 100% of energy platform BluEarth Renewables

DIF

DIF Capital Partners, through its most recent fund DIF Infrastructure V (“DIF V”), is pleased to have closed the acquisition of 100% of BluEarth Renewables LP (“BluEarth”) from Ontario Teachers’ Pension Plan (“OTPP”).

BluEarth is a leading, independent, power producer that develops, builds, owns and operates wind, hydro and solar facilities. Since its inception in 2010, BluEarth has developed and acquired 19 hydro, wind and solar projects across North America, representing 405 MW of gross capacity. In addition it has over 1,000 MW of projects under development. Headquartered in Calgary, Alberta, the company has been recognized as one of Alberta’s Top 75 Employers.

“We are very pleased to close this transaction,” said Paul Huebener, Partner and Head of DIF Americas. “BluEarth is an attractive investment that will provide attractive returns and stable cash flows to our investors. As we’ve been working together over the last several months, we also see strong growth potential ahead for BluEarth – particularly in the U.S. market.”

To support the company’s U.S. growth objectives, BluEarth recently established a commercial U.S. office located in Phoenix, Arizona.

DIF V was advised by Baker McKenzie, BMO Capital Markets, Agentis Capital, and KPMG. Financing is provided by BMO, Desjardins, and National Bank.

About DIF Capital Partners

DIF is an independent infrastructure fund manager, with €5.6 billion of assets under management across seven closed-end infrastructure funds and several co-investment vehicles. DIF invests in greenfield and brownfield infrastructure assets located primarily in Europe, the Americas and Australasia through two complementary strategies:

  • DIF Infrastructure funds target equity investments in public-private partnerships (PPP/PFI/P3), concessions, utilities and renewable energy projects with long-term contracted or regulated income streams.
  • DIF CIF funds target equity investments in small to mid-sized infrastructure assets in the energy, transportation and telecom sectors with mid-term contracted income streams.

DIF has a team of over 135 professionals, based in nine offices located in Amsterdam (Schiphol), Frankfurt, London, Luxembourg, Madrid, Paris, Santiago, Sydney and Toronto. Please visit www.dif.eu for further information.

Contact:
Allard Ruijs, Partner
Email: a.ruijs@dif.eu

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CapMan Buyout has sold its shares in Harvia Plc

CapMan Buyout press release 19 November 2019 at 6.00 p.m. EET

CapMan Buyout has sold its shares in Harvia Plc

CapMan Buyout X Fund A L.P and CapMan Buyout X Fund B Ky (together the “funds managed by CapMan”) have sold all their shares in Harvia Plc (“Harvia”) to Onvest Oy. The funds managed by CapMan sold a total of 2,305,679 Company’s shares, which is 12.3 per cent of the shares and votes in Harvia. The price in the share sale was EUR 9.25 per share and the gross sales proceeds amounted to approximately EUR 21.3 million.

The funds managed by CapMan owned the majority of Harvia’s shares before the company’s IPO in March 2018, and they continued as significant investors of Harvia after the listing.

Pia Kåll, Managing Partner of CapMan Buyout, comments: “Harvia has been a great investment for CapMan, and we are proud of Harvia’s excellent performance as a listed company. We invested in Harvia in 2014, and the Company has since implemented the growth strategy that we together with the management developed for it. As a result, Harvia has strengthened its position as one of the leading sauna and spa companies in the world. Harvia is positioned to continue to perform well in the future. However, as owning shares of a listed company lies beyond the strategy of our funds, it was time for us to relinquish our ownership and finalise our exit. We believe Onvest Oy will be a strong long-term anchor investor for Harvia.”

“Harvia is a solid and very profitable company, whose strong Finnish roots and great brand fit exceptionally well with Onvest’s values and investment strategy. Harvia has succeeded with its growth strategy and we believe Harvia’s strategic direction is correct. We are extremely pleased to be taking a role in Harvia’s development”, says Kalle Kekkonen, Onvest Managing Director.

Further information:
Pia Kåll, Managing Partner, CapMan Buyout, +358 207 207 555

About CapMan
CapMan Buyout is part of CapMan Group, a leading Nordic private asset expert with an active approach to value-creation in its portfolio companies and assets, with assets under management of more than €3 billion. CapMan has a broad presence in the unlisted market through our local and specialised teams. The investment strategies cover Private Equity, Real Estate and Infra. CapMan also has a growing service business that includes procurement services, fundraising advisory, and analysis, reporting and wealth management services. Altogether, CapMan employs 140 people in Helsinki, Stockholm, Copenhagen, London, Moscow and Luxembourg. For more information, please visit www.capman.com

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Platinum Equity Acquires Global Marine Contractor De Wave Group

Platinum

LOS ANGELES (October 30, 2019) – Platinum Equity today announced the acquisition of De Wave Group from Xenon Private Equity. Financial terms were not disclosed.

Headquartered in Genoa, Italy, De Wave is a marine contractor that specializes in cruise ship interiors, providing both new build and refit services to ship builders and cruise operators.

“With more than 60 years in the maritime industry, De Wave is an experienced and highly respected partner to many of the world’s leading ship builders and operators,” said Platinum Equity Partner Louis Samson. “The company’s exceptional design, engineering and technical capabilities, combined with its high quality standards and global reach, have led to impressive long-term customer relationships and a strong track record of growth.”

De Wave operates five facilities in Italy, Poland, Singapore and the United States, with vertically integrated production lines that offer full control throughout the product development process.

“We have built a successful global business by consistently delivering well-designed, high-quality solutions to our marine customers,” said De Wave CEO Giovanni Battisa Bozzo. “I am confident that Platinum Equity is the right partner to help us achieve the next stage of growth and expansion.”

“With more than 60 years in the maritime industry, De Wave is an experienced and highly respected partner to many of the world’s leading ship builders and operators,” said Platinum Equity Partner Louis Samson. “The company’s exceptional design, engineering and technical capabilities, combined with its high quality standards and global reach, have led to impressive long-term customer relationships and a strong track record of growth.”

De Wave specializes in all aspects of ship interiors, including cabins, bathroom units, galley catering systems and public areas. The company also provides extensive upgrade, maintenance and spare parts capabilities, providing solutions for the full lifecycle of its customer’s vessels.

“The company’s position today is the result of a build-up operation started in 2015 by Xenon Private Equity that led in four years to the creation of a leader in its market,” said Franco Prestigiacomo, Managing Director of Xenon Private Equity. “It is with great satisfaction that we pass the baton to Platinum, which we are sure will be the ideal partner to pursue continued growth of the De Wave Group.”

Mr. Samson said Platinum Equity will support De Wave’s long-term ambitions for continued growth.

“We intend to further grow the business organically and through prospective acquisitions, with an emphasis on expanding the company’s product offering into areas of the supply chain or manufacturing process that can add more value for customers,” Mr. Samson added.

Platinum Equity’s acquisition of De Wave is the latest example of the firm’s increasing momentum in Europe. In June Platinum Equity acquired Spanish seafood provider Iberconsa. Last year Platinum Equity completed the $2.1 billion acquisition of Zug, Switzerland and Chesterbrook, PA-based blood glucose monitoring company LifeScan from Johnson & Johnson. The firm also acquired Wyndham’s European vacation rental business for $1.3 billion.

Brera Financial Advisory, Deloitte, E&Y Tax and Latham & Watkins served as advisors to Platinum Equity on the acquisition of De Wave. Fineurop Soditic and Pavia e Ansaldo Studio Legale served as advisors to Xenon Private Equity.

About Platinum Equity
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $19 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 25 years Platinum Equity has completed more than 250 acquisitions.

About Xenon Private Equity
Xenon has 30 years of experience in investing in lower mid-market export-oriented industrial businesses based in Italy now Xenon is managing its seventh fund with €300 million of commitments having asset under management for over € 600 million. Xenon is specialised in collaborating with the entrepreneurs in build-up projects (in 30 years more than 120 acquisitions have been completed), it is currently managing 10 portfolio company across different industries.

Contacts:

Dan Whelan, Platinum Equity
(310) 282-9202
dwhelan@platinumequity.com

Franco Prestigiacomo, Xenon Private Equity
Franco.Prestigiacomo@xenonpe.com

Ilaria Fadda, De Wave Group
ilaria.fadda@dewavegroup.com

Investor Relations
and Media Contacts:

Mark Barnhill
Partner
+1 310.228.9514 E-mail Mark

Dan Whelan
Principal
+1 310.282.9202 E-mail Dan

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Nexstim Plc: Shares subscribed for in the directed share issue have been registered

Capricorn

Helsinki, Finland: 18 November 2019 – Nexstim Plc (NXTMH:HEX, NXTMS:STO) announced on 15 November 2019 that an aggregate of 15,687,350 new shares of Nexstim were subscribed for in the directed share issue. Such new shares have today been registered with the Trade Register.

Pursuant to the registration of the shares issued in the directed share issue with the Trade Register, the number of shares in the company is 61,599,912.

The trading of the new shares registered will begin approximately on 19 November 2019 in Nasdaq First North Growth Market Finland and approximately on 20 November 2019 in Nasdaq First North Growth Market Sweden.

More info on Nexstim‘s website.

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AURELIUS closes sale of Scandinavian Cosmetics Group to Accent Equity

Aurelius Capital

Successful transformation into a leading Nordic brand management company

The buyer, Accent Equity, will support Scandinavian Cosmetics in its next growth phase

Munich, November 18, 2019 – AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) has successfully completed the sale of its subsidiary Scandinavian Cosmetics Group to Accent Equity 2017, a Scandinavian investment fund.

Successful transformation into a leading Nordic brand management company

After the carve-out from the former owner, the Swiss Valora Group, the company was positioned in the market as a unitary group under AURELIUS and developed into a leading brand management company by means of an extensive transformation program. The restructuring engineered by AURELIUS included efficiency enhancement and business development measures, as well as the add-on acquisitions of Solis AS and Alf Sörensen AB, leading to a 25 percent revenue increase since the acquisition. Scandinavian Cosmetics today is the biggest manufacturer-independent luxury and consumer brand management company in Scandinavia.

The buyer Accent Equity will support Scandinavian Cosmetics in its next growth phase

Accent Equity has extensive experience in growing businesses in different industries and sectors and is ideally positioned to support the international growth of Scandinavian Cosmetics Group, both organically and through add-on acquisitions. The company’s continued development will be supported by the highly experienced management team, the strong position in the Scandinavian market and the company’s excellent positioning in all stages of the value chain.

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EQT Credit leads recapitalization of Bartec and becomes largest shareholder

eqt

EQT Credit, through its Credit Opportunities strategy, is pleased to announce that it has led the recapitalization of Bartec (“the Company”), a global market leader in explosion protection. With the transaction, EQT Credit becomes the largest shareholder in the Company.

Founded in Germany in 1975, Bartec is one of the market leading global players in explosion protection. With a broad product portfolio and a strong long-term track record of industry experience, Bartec caters to specific customer requirements worldwide. Its key applications are in the fields of Electrical Safety Systems, Electrical Heating Systems, Technology Systems and Enterprise Mobility.

EQT Credit and other shareholders are investing EUR 80 million of equity in the Company, significantly strengthening its balance sheet, and as part of the transaction, Bartec’s debt is reduced by approximately EUR 280 million.

EQT will support Bartec and its management team on its value creation initiatives centered around operational excellence, customer focus and best in class products.

Martin Schefter, CEO of Bartec, commented: “This is an exciting day for Bartec. With a strong portfolio of world leading products, excellent customer relationships and renewed financial flexibility we are well positioned to capture the significant opportunities we see ahead of us.”

Cyril Tergiman, Partner at EQT Partners and Investment Advisor to EQT Credit, added, “EQT Credit believes there is a real potential for growth with Bartec and looks forward to supporting its management in building the Company’s position as an industry leader.”

Dominik Mattmann, Managing Director at EQT Partners and Investment Advisor to EQT Credit, concluded: “As Bartec’s largest shareholder, EQT Credit will work with other shareholders to put in place an experienced and high-caliber Board of Directors of senior industrialists to support management in their efforts to drive value in the coming years.”

Contact
Cyril Tergiman, Partner at EQT Partners and Investment Advisor to EQT Credit fund, +44 20 7430 5510
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About EQT
EQT is a differentiated global investment organization with more than EUR 62 billion in raised capital and around EUR 41 billion in assets under management across 20 active funds. 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.eqtgroup.com
Follow EQT on Twitter and LinkedIn

About Bartec
Bartec is a leading manufacturer of explosion proof equipment preventing explosions wherever hazardous substances could occur. Bartec’s product portfolio ranges from complex measurement and analysis technology via innovative heating technology solutions to explosion-proof components and systems for automation, control and communication. Bartec’s customers (comprising a balanced mix of OEMs, EPCs and end customers) operate in a wide range of industries including oil & gas, chemical, petrochemical, mining and pharmaceutical. Bartec operates globally and is headquartered in Bad Mergentheim, Germany.

More info: www.bartec.de/en

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Rabo Frontier Ventures partners with Northzone’s Fund IX

Rabo Frontier Ventures

Rabo Frontier Ventures (“RFV”) has committed to Northzone’s brand new venture fund (Northzone IX). Northzone Ventures (“Northzone” or the “Firm”) is a leading European technology investment firm and has been investing in technology companies for 23 years. Northzone has a pan-European focus and operates from its bases in the UK and the Nordics.

Northzone’s investment team is widely regarded as being highly experienced with privileged access to some of the world’s best entrepreneurs. Northzone has a history of strong performance with many successful deals and exits such as Spotify, iZettle and Avito.

Northzone

Northzone is an early stage venture capital fund, founded in 1996. It is one of the most experienced venture capital funds in Europe, and operates from its offices in Stockholm, London and Oslo. The firm also has a New York presence, and makes investments in select verticals in the US.

Northzone has raised 9 funds to date, and including the latest fund, the firm has raised a total of €1.5 billion. Over the past 2 decades, Northzone has invested in over 150 companies, including seminal names in European tech such as Spotify, iZettle, Klarna, Avito, Trustpilot, lastminute.com, Stepstone, Zopa and others.

Northzone’s focus is on disruptive technology companies and the fund makes investments across Europe and the US East Coast. The latest fund, Norhthzone IX, will back strong-minded entrepreneurs building category leading businesses in both the consumer and enterprise segments. The fund will invest at Series A and B stage, with selective seed bets also a part of the strategy.

“Northzone is a great partner and our commitment to their fund will give a good first indication of the fund of funds (FoF) strategy that we follow. This year we started with our early stage FoF strategy in order to generate relevant deal flow for our direct fund and to institutionalise existing relations with top performing VC funds. Our commitment in Northzone’s brand new venture fund marks the start of the execution of this strategy. Part of our strategy is also to leverage knowledge of Rabobank and to make it accessible for Northzone and its portfolio companies. Herewith creating a platform in order to add value to our VC partners and their portfolio companies”

Jeroen van Doornik, Partner RFV

Rabo Frontier Ventures

RFV is a €150 million investment fund of Rabobank, focusing globally on innovative Fintech and Agtech companies. RFV aims to invest directly in the early growth stage (series B) of companies that are disrupting or influencing the current business of Rabobank and invest indirect in leading general tech funds.

 

 

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EQT closes second Ventures fund, securing commitments totaling EUR 660 million

  • One of Europe’s largest VC funds, bringing EQT Ventures’ total capital raised to just over EUR 1.2 billion
  • Data-driven approach with Motherbrain continues to transform VC investment process
  • Team of founders and operators ensures hands-on support for bold, ambitious European and US founders

EQT today announced the successful closing of EQT Ventures II (or the “Fund”), securing commitments totaling EUR 660 million, of which approximately EUR 620 million are fee paying, just 3.5 years after EQT Ventures I launched. The Fund is one of the largest European venture capital (“VC”) funds and demand from both existing and new investors was strong.

EQT Ventures II will build on the multi-stage strategy of its predecessor fund EQT Ventures I, which secured commitments totaling EUR 566 million in 2016, investing in the next generation of ambitious founders and building global winners out of Europe. In addition to partnering early on with bold European founders (typically at Series A and B funding rounds), the Fund will continue to bridge the US and Europe, providing support and capital for US founders (typically at Series B and C rounds) keen to scale into Europe. Motherbrain, EQT’s proprietary in-house developed artificial intelligence system that helps source attractive investments, will also remain central to the Fund’s strategy.

Born inside the EQT Ventures advisory team and spun out to its own dedicated team in 2016, Motherbrain is managed as a start-up inside EQT. Keeping track of millions of companies every day, Motherbrain enables the EQT Ventures advisory team to assess companies faster, improve assessment accuracy and spend more time on the right companies earlier. The self-learning platform is involved in prioritizing and evaluating all potential investments and deeply integrated throughout the sourcing process. Five EQT Ventures’ portfolio companies have been sourced by Motherbrain so far – Peakon, Handshake, AnyDesk, Warducks and Standard Cognition.

The EQT Ventures advisory team, consisting of former founders and entrepreneurs from companies such as Spotify, King, Booking.com, Lithium, Huddle and Hotels.com, supports portfolio companies in a wide range of disciplines. These include product, marketing and communications, engineering, analytics, user experience, international expansion, sales, partnerships and finance.

With advisory teams in Stockholm, London, San Francisco, Amsterdam and Berlin, EQT Ventures’ “local-with-locals” approach and hands-on support for founders started to produce strong results early on. Just 2.5 years after its launch, the EQT Ventures I fund had its first exit when it sold its stake in mobile games company Small Giant Games to leading social games developer Zynga Inc. (Nasdaq: ZNGA) in a deal valued at USD 700 million.

Hjalmar Winbladh, Partner at EQT Partners and Investment Advisor to the EQT Ventures funds, commented: “Building a global success story requires more than just capital. It requires grit, ambition, teamwork and support from people who have experienced the start-up journey firsthand. Being a large multi-stage investor, the EQT Ventures advisory team supports and coaches entrepreneurs on their journeys so they can scale and deliver long-term sustainable growth. Europe has never lacked ambition, talent or innovation but compared with the US, European start-ups have often struggled to access the capital they needed to grow from bright ideas into proven businesses. With this fund, EQT Ventures wants to continue to close this funding gap and its size is clear evidence of the growing confidence in European tech, which is punching above its weight. The team is looking forward to partnering with more of the boldest founders in Europe and the US.”

Christian Sinding, CEO and Managing Partner of EQT Partners, added: “Digital innovation is reshaping industries by disrupting existing business and operating models. This presents an opportunity for businesses and entrepreneurs keen to transform every sector imaginable. With the EQT Ventures advisory team’s deep experience of founding and supporting start-ups, they are ideally positioned to support the next wave of founders and this is evident in the superb performance of the first fund. We are proud of what the team has achieved so far and looking forward to the next stage of EQT Ventures’ journey.”

EQT Ventures II is backed by a global blue-chip investor base consisting of, among others, pension funds, insurance companies, financial institutions, foundations and family offices. Backing from new and existing investors from Europe, the US and Asia, highlights the growing confidence in European tech start-ups and talent.

Recent additions to EQT Ventures’ portfolio include Einride (USD 25 million Series A), BEAT81 (EUR 6.4 million Series A) and Standard Cognition (USD 35 million Series B).

EQT Ventures’ dedicated investment advisory team will continue to leverage the global network of EQT’s advisors and global platform, as well as the proven governance model and growth-focused approach to drive performance.

The fundraising for the Fund has now closed. Accordingly, the foregoing should in no way be treated as any form of offer or solicitation to subscribe for or make any commitments for or in respect of any securities or other interests or to engage in any other transaction.

Contact
Lucy Wimmer, Communications Partner, EQT Ventures, lucy@eqtventures.com, +44 7551 289 177
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About EQT Ventures
EQT Ventures is a multi-stage VC fund that partners with the most ambitious and boldest founders in Europe and the US. The fund is based in Luxembourg and has investment advisors stationed in Stockholm, Amsterdam, London, San Francisco and Berlin. Fuelled by some of Europe’s most experienced company builders and scalers, EQT Ventures helps the next generation of entrepreneurs with the capital and hands on support needed to build global winners.

More info: www.eqtventures.com
Follow EQT Ventures on Twitter and LinkedIn

About EQT
EQT is a differentiated global investment organization with more than EUR 62 billion in raised capital and around EUR 41 billion in assets under management across 20 active funds. 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.eqtgroup.com
Follow EQT on Twitter and LinkedIn

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AURELIUS portfolio company NDS Group AS enters biggest supplier agreement in the Norwegian Aftermarket

Aurelius Capital

  • Multiyear agreement accounts for more than 7% sales growth of the company
  • Major milestone in strategic development of the company achieved

Munich, November 2019 – NDS Group AS, a portfolio company of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8), will become first supplier for the workshop chain Snap Drive and main independent aftermarket supplier for the Bertel O. Steen Group. The multi-year contract, starting from 2nd of January 2020, is the biggest supplier contract in the Norwegian market with a total volume of approx. 150 million NOK and will account for more than 7% sales growth of the overall company.

Snap Drive, a daughter company of the car import & retail group Bertel O. Steen, is a leading workshop chain in Norway located in the major urban areas of the country. Snap Drive has shown strong growth during recent years and has ambitious growth plans to further expand the workshop chain. “We are looking forward to the partnership with NDS Group, and with this agreement we are preparing the ground for sustainable growth for our chain going forward“ says Morten Harsem, CEO of Snap Drive. The contract includes becoming main independent Aftermarket supplier to the Bertel O. Steen retail group, which imports  the brands Mercedes-Benz, Kia, Peugeot, Citroën, DS, Opel, smart®, Fuso and Setra. “Based on an overall assessment of quality, logistics, administration and price we made our choice and are entering this partnership agreement with NDS Group” says Tom Harstaad, Director – Strategic purchases of Bertel O. Steen. “We are very excited about this partnership. It shows that customers in Norway see great benefits in dealing with a local, flexible and highly serviced minded company. Winning the biggest supplier contract in Norway shortly after the restructuring of the company shows that we are on the right path. ” says Janno Gröne, CEO of the NDS Group.

NDS Group, former Hellanor, has been acquired by Aurelius in December 2018. After the carve-out from the Hella Group the company has been streamlined, rebranded and turned into a dynamic stand-alone business. The company recently launched a specialized ERP system for Automotive workshops and its own private label range which is sourced via NDS’ recently established sourcing center in Asia. Next to this contract NDS won also in the workshop equipment division significant new volume which is expected to lead to double-digit growth in 2020.

ABOUT NDS

NDS is the second largest automotive aftermarket wholesaler in Norway, with its headquartered in Skytta near Oslo. NDS supplies its customers, typically automotive workshops, car dealerships and local wholesalers, with spare parts from its central warehouse in Skytta as well as from 19 branches across the country. In addition, NDS offers workshop franchise concepts to its clients under its own AutoMester brand as well as for third-party concepts such as Bosch Car Service. Within its AutoMateriell business segment NDS supplies workshop equipment of leading equipment OEMs such as John Bean and MAHA.

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EQT brings in GIC as minority partner in Anticimex

eqt

  • EQT brings in GIC, a large institutional investor, in a 9.9% minority stake sale in Anticimex
  • With the partnership, Anticimex aims to internationalize the shareholder base and accelerate further growth and expansion in Asia
  • EQT remains as controlling owner and continues to support Anticimex in becoming the global leader in preventive pest control

The EQT VI fund (“EQT VI”) today announced the decision to bring in GIC as a minority partner through a 9.9% stake sale in Anticimex (“the Company”), in a transaction valuing the Company at approximately EUR 3.6 billion. GIC will hold the same mix of instruments as EQT.

Founded in 1934 and headquartered in Stockholm, Sweden, Anticimex is a leading global specialist within pest control, operating in 154 branches in 18 countries across Europe, Asia-Pacific and the US. Since acquired by EQT VI in 2012, Anticimex has transformed from a Nordic services conglomerate into a global player and a market leader in digital pest control. During the ownership period, EQT has backed Anticimex’ organic growth trajectory and ambitious buy-and-build strategy, completing over 200 add-on acquisitions worldwide. EQT has also supported the launch of the Company’s digital and environmentally friendly pest control monitoring system, “Anticimex SMART”.

By bringing in GIC as a minority partner, EQT aims to internationalize the Company’s shareholder base and accelerate Anticimex’ regional expansion in the Asian markets through GIC’s global networks. Anticimex plans to leverage its local know-how and experience to replicate its successful go-to-market strategy across Asia.

Per Franzén, Partner at EQT Partners and Investment Advisor to EQT VI, commented: “EQT is pleased to welcome GIC as a new investor and business partner that can help strengthen Anticimex’ position in Asia. Anticimex will now continue its journey towards becoming the global leader in preventive pest control with further international expansion and investments in the next generation of digital pest control technologies. Bringing in investors like GIC is part of EQT’s continuous effort to internationalize Anticimex’ shareholder base and strengthen the Company with value-adding partners.”

Jarl Dahlfors, CEO of Anticimex. added: “Anticimex has grown tremendously together with EQT and we see attractive opportunities to continue expanding our business globally. Adding GIC, a well-respected investor with deep roots in Asia, gives us an even stronger foundation in Asia. We are well positioned to continue our historic growth and margin improvements.”

During EQT’s ownership period, Anticimex has almost quadrupled its revenues and increased operating earnings by six times.

The transaction is expected to be completed during Q4 2019.

Contacts
Per Franzén, Partner at EQT Partners and Investment Advisor to EQT VI, +46 8 506 55 300
EQT Press Office, +46 8 506 55 334

About EQT
EQT is a differentiated global investment organization with more than EUR 62 billion in raised capital and around EUR 40 billion in assets under management across 19 active funds. 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.eqtgroup.com
Follow EQT on Twitter and LinkedIn

About Anticimex
Anticimex is a leading global specialist in preventive pest control with operations in 18 countries across Europe, Asia-Pacific and the US with headquarters in Stockholm, Sweden. With its approximately 6,000 employees, Anticimex serves around 3 million customers across the globe and offers a broad range of preventive pest control solutions, including the digital solution Anticimex SMART and pest insurance.

More info: www.anticimex.com

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