Idera, Inc. Announces Investment from Partners Group

TA associates

Global Private Markets Investment Manager Acquires Majority Control In Partnership With Current Shareholders And Management


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Idera

Jan 22, 2021, 07:10 ET


HOUSTON, Jan. 22, 2021 /PRNewswire/ — Idera, Inc. (“Idera” or “the Company”), parent company of global B2B software productivity brands, today announced an agreement to recapitalize the Company, with global private markets investment manager Partners Group becoming majority owner, on behalf of its clients. Current shareholders HGGC and TA Associates will continue as significant equity investors moving forward, along with Idera’s management team.

This recapitalization represents the fourth equity transaction for Idera since 2014 and reflects investor confidence in the Company’s innovative business model and M&A expertise.  Since 2014, Idera has grown revenue, bookings, and earnings by more than 10X.  Organic growth from market-leading assets and acquisitions of nearly 20 companies drive the growth and foretell continued investor success.

“Since partnering with TA in 2014, we devoted ourselves to achieving results beneficial to shareholders, customers, and employees,” said Randy Jacops, Idera’s CEO.  “Our business model ensures we focus on customer priorities and attracts great investors who advise our innovations and support our belief that accepting and managing risk encourages creativity and confidence from our team.  I am honored to lead such a great company and look forward to continuing our success with Partners Group and our other investors.”

“When we first met the Idera team, we discovered a company with a unique business model focused on efficiency, reliability and speed, and one that we believed to be an attractive investment opportunity,” stated Hythem El-Nazer, a Managing Director at TA Associates.  “We became fans of Idera’s product mantra of making products easier to use, more scalable and with exceptional quality. This clear focus eliminated friction from the go-to-market process and enabled the Company to focus on the highest value ideas. We are thrilled to continue to partner with Randy Jacops and his management team on the next phase of growth.”

“When we heard the Idera story, we jumped at the chance to invest in the Company as we pride ourselves on partnering with winning management teams to drive success,” said Steve Young, HGGC Co-Founder and outgoing Idera Chairman.

“After we acquired a majority interest in 2017, we worked with Idera to ramp up the acquisition engine and closed over ten transactions in two years. This pace continues with a new deal announced this week and another pending.  We look forward to more success as continuing investors in this great company,” added Neil White, Partner at HGGC.

Partners Group made an initial investment in Idera, on behalf of its clients, in 2019. As described by Hal Avidano, Managing Director at Partners Group, “We are excited to continue our relationship with Idera and expand its strong platform. Over the past 18 months, we became further convinced of Idera’s business model and the significant market opportunity in the sector. Partners Group is a transformational investor and we believe that our thematic and platform-building expertise is an excellent fit for Idera as it capitalizes on these secular trends and achieves further growth.”

Kirkland & Ellis and Horzepa, Spiegel & Associates acted as legal counsel for Idera.  Ropes & Gray acted as legal counsel for Partners Group.  Deloitte acted as accounting and tax advisor to Idera.  Jefferies will act as lead financing partner and M&A advisor for the transaction.

About Partners Group
Partners Group is a leading global private markets investment manager. Since 1996, the firm has invested over USD 145 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally. Partners Group is a committed, responsible investor and aims to create broad stakeholder impact through its active ownership and development of growing businesses, attractive real estate and essential infrastructure. With over USD 109 billion in assets under management as of 31 December 2020, Partners Group serves a broad range of institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter.

Partners Group’s private equity business has an established track record of investing in leading businesses with development potential to generate attractive returns for its clients. With entrepreneurial governance at the heart of its approach, Partners Group’s private equity business aims to build high-performing boards and works together with management teams on targeted value creation initiatives. These enable long-term, sustainable growth, to the benefit of all stakeholders. Partners Group’s private equity business has directly invested in over 240 businesses since inception and today has USD 45 billion in assets under management.

About Idera, Inc.
Idera, Inc. delivers B2B software productivity tools that enable technical users to do more with less, faster. Idera, Inc. brands span three divisions—Database Tools, Developer Tools, and Testing Tools—with products evangelized by millions of community members and more than 50,000 customers worldwide, including some of the world’s largest healthcare, financial services, retail, and technology companies. To learn more, visit: https://www.ideracorp.com/.

About HGGC
HGGC is a leading middle-market private equity firm with over $5.4 billion in cumulative capital commitments. Based in Palo Alto, Calif., HGGC is distinguished by its Advantaged Investing approach that enables the firm to source and acquire scalable businesses through partnerships with management teams, founders and sponsors who reinvest alongside HGGC, creating a strong alignment of interests. Since its inception in 2007, HGGC has completed more than 190 platform investments, add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of over $27 billion. More information, including a complete list of current and former portfolio companies, is available at hggc.com.

About TA Associates
TA Associates is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high-quality growth companies. TA has raised $33.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $3 billion per year. The firm’s more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.

Media Contacts

Partners Group – Clare Burrows
clare.burrows@partnersgroup.com
+1 (212) 908 2708

HGGC – Tom Faust
TFaust@StantonPRM.com
646-502-3513

TA Associates – Philip Nunes
phil.nunes@backbaycommunications.com
617-391-0792

SOURCE Idera

Related Links

https://www.ideracorp.com

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TA Associates Completes Investment in Mid America Pet Food, Manufacturer of VICTOR®

TA associates

BOSTON – TA Associates, a leading global growth private equity firm headquartered in the U.S., today announced that it has completed an investment in leading pet food marketer and manufacturer, Mid America Pet Food, LLC, proud manufacturer of VICTOR® Super Premium Pet Food (“VICTOR”).

Joining TA as an investor is Rx3 Growth Partners, a growth equity fund founded by Green Bay Packers quarterback Aaron Rodgers. TA and Rx3 acquired their stakes in the company from Trinity Hunt Partners, a growth-oriented middle-market private equity firm that invested in Mid America Pet Food in 2014. Financial terms of the transaction were not disclosed.

Introduced in 2007, VICTOR offers super premium pet food in a variety of recipes to appeal to both dogs and cats, while helping to meet special dietary needs through grain inclusive and grain-free formulas, a variety of protein offerings and more. VICTOR is sold primarily in farm & feed and independent pet stores across the country, as well as through select online retailers. With a commitment to offering high-quality nutrition at a common-sense value, the company manufactures all kibble in-house at its Mt. Pleasant, Texas facility, sourcing many ingredients from farms and suppliers that are within a day’s drive of its East Texas plant. Ingredients are tested to ensure that they meet the company’s high-quality standards, with the goal of ensuring the health and safety of the animals VICTOR is entrusted to feed.

“VICTOR is a brand built on a foundation of quality and performance while delivering a common-sense value. The farm & feed customer was the first to recognize the superior quality of the product, and the brand continues to grow quickly in this important channel,” said Bill Christ, a Managing Director at TA Associates who has joined the Mid America Pet Food Board of Directors. “We believe that the Mid America Pet Food team has done an outstanding job creating a unique brand that offers a tremendous value to the end customer, and we look forward to working with them to drive continued growth.”

“TA Associates is an exciting partner for Mid America Pet Food at this stage of our growth,” said Greg Cyr, CEO and President of Mid America Pet Food. “We’ve never wavered from our commitment to delivering high-quality pet food at a common-sense value, which our customers have come to know and appreciate, helping to fuel our impressive growth. We look forward to continuing to deliver the premium nutrition that our customers expect, and we believe that TA will be key to supporting us in this effort as we scale the business. We would also like to thank the team at Trinity Hunt for their guidance and support over the last six years of our growth.”

“We are excited to back current management and the VICTOR brand, and believe that the pet sector, and premium pet food in particular, is a great place to invest given many favorable industry tailwinds,” said Jessica Gilligan, a Senior Vice President at TA Associates who has also joined the Mid America Pet Food Board of Directors. “More families are welcoming pets into their homes and spending per pet continues to increase as nearly all age groups, especially Boomers and Millennials, continue to view their pets as family members.”

Katten Muchin Rosenman LLP provided legal counsel and Houlihan Lokey served as financial advisor to Mid America Pet Food. Goodwin Procter LLP provided legal counsel and Harris Williams served as financial advisor to TA Associates.

About Mid America Pet Food, LLC
Founded in 2007, Mid America Pet Food produces VICTOR® Super Premium Pet Food (VICTOR) and Eagle Mountain Pet Food (Eagle Mountain). Based in East Texas, both brands offer reliable pet nutrition at a common-sense value. VICTOR’s super premium dog food formulas have been nationally recognized and are a trusted nutrition source for pet owners across the country, including outdoor enthusiasts, hunters, trainers and breeders. More information about Mid America Pet Food, VICTOR and Eagle Mountain is available at www.mapf.com, www.victorpetfood.com and www.eaglemountainpetfood.com.

About TA Associates
TA Associates is a leading global growth private equity firm headquartered in the U.S. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $33.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $3 billion per year. The firm’s more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.

About Rx3 Growth Partners
Rx3 Growth Partners is a growth equity fund focused on the consumer sector. Rx3 was co-founded in 2018 by Green Bay Packers quarterback Aaron Rodgers and counts a number of celebrities and professional athletes as investors. The fund seeks to align itself with high-quality brands that resonate with this network to help drive consumer awareness and long-term growth. More information about Rx3 Growth Partners can be found at www.rx3growthpartners.com.

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Priveq Investment divests 21grams to Unifiedpost Group

Priveq

Priveq Investment IV (”Priveq”) has, after a successful ownership period including three add-on acquisitions, entry into new geographies and a broadened service offering, together with the other owners divested 21grams (“21grams”) to the Belgian fintech company Unifiedpost Group.

 21grams serves companies handling large volumes of communication to optimize and digitalize these volumes to strengthen the companies’ businesses and customer relations. Headquartered in Stockholm 21grams has about 70 employees and revenue of approximately 770 MSEK. Customers include AGA, Länsförsäkringar, Rädda Barnen, ST1, Tele2, Unicef and Vasakronan.

Under Priveq’s ownership, 21grams has grown organically and through several acquisitions that has established the company into new geographies and with a broadened service offering. Revenue has grown from approximately 500 MSEK at the time of Priveq’s investment to approximately 770 MSEK today, with increased profitability.

Through 21grams innovative and agile culture the company’s offering has developed well according to increased digitalisation and demand for payment solutions. From the digital offering originally representing a small share of the product mix, the company today handles about every fourth e-invoice in Sweden.

”21grams has been developing strongly during our time as owner. The company has through its ability to innovate and its perceptiveness to its customers continued to grow and build on its already strong position. Through Unifiedpost Group’s acquisition of 21grams new opportunities to strengthen the customer value and to continue as a platform for Nordic expansion arise. 21grams’ great culture and committed employees has been of uttermost importance for our successful journey” says Louise Nilsson, Partner at Priveq Advisory AB, advisor to Priveq Investment IV and retiring board member of 21grams.

”Together with Priveq we have created structure and put down the foundation for a continued strong growth journey into new markets and new offerings. We are very pleased with the Priveq-cooperation throughout the years, especially with regards to acquisitions and strategy. The 21grams management team is excited about Unifiedpost Groups strong growth agenda that will support us in taking the next step in 21grams’ journey” says Stefan Blomqvist, CEO of 21grams.

 

For additional information contact:
Louise Nilsson, Partner and Investment Manager, Priveq Advisory AB
Tel: +46 (0)709 50 95 50
louise.nilsson@priveq.se

Stefan Blomqvist, CEO, 21grams
Tel. + 46 (0)76 808 21 21
stefan.blomqvist@21grams.com

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Altor-backed Iyuno Media Group enters agreement to acquire SDI Media

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Altor

Creating the Media and Entertainment Industry’s Largest, Most Comprehensive Global Localization Services Company

LOS ANGELES – January 22, 2021 – Iyuno Media Group, a market leader in localization services to the media and entertainment industry, today announced it has entered into an agreement with Imagica Group Inc. to acquire 100% of SDI Media. This transaction, which is subject to review and approval from relevant authorities, brings together two companies with the shared mission of supporting, innovating and leading the art of global storytelling. Terms of the transaction were not disclosed.

“SDI Media is a great fit for Iyuno,” said Shaun Gregory, CEO, Iyuno Media Group. “We are well-aligned in our quality standards, complementary strategies and compatible service offerings. As a combined company, we will continue to deliver best-in-class services and technology innovations to our industry. We are certain that new and existing clients will benefit from the collective experience and capabilities of the combined company.”

“By merging IYUNO with SDI we create a clear global leader, optimally positioned to serve the accelerating and increasingly complex demand from the leading entertainment players”, said Klas Johansson, Partner at Altor and a Board member of Iyuno Media Group. “We also build scale and capacity within technology and data, to ensure that IYUNO will continue to lead the way in terms of developing next generation services to the benefit of all our clients”

“We are excited to join Iyuno and become part of the industry’s leading localization services company,” said Mark Howorth, Chief Executive Officer, SDI Media. “We believe that the explosive global content distribution needs of the industry can only be served by a complimentary service provider that can scale with them in support of their needs.”

Iyuno was supported in this transaction by Altor, Shamrock Capital and SoftBank Ventures Asia, its primary financial partners. The three investors are pleased to see this sustained momentum in the expansion and diversification of the Iyuno Media Group portfolio. The completion of this transaction remains subject to review and approval from relevant authorities.

For more information, please contact:
Tor Krusell, Head of Communications at Altor +46 705 43 87 47

About Altor
Since inception, the family of Altor funds has raised some EUR 8.3 billion in total commitments. The funds have invested in excess of EUR 4.2 billion in more than 60 companies. The investments have been made in medium sized predominantly Nordic companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Dustin, Byggmax, Piab, Aalborg Industries, Trioplast, SATS and RevolutionRace. For further information please visit www.altor.com.

About IYUNO MEDIA GROUP
Iyuno Media Group (www.iyunomg.com) is a market leader in the localization industry with leading-edge technology providing dubbing, subtitling, and access services in any language. A technology trailblazer with grounded core values in an ever-changing industry, Iyuno Media Group uses its sophisticated in-house technology for all of its product and service offerings. Today, the company operates 35 local facilities globally, spanning a network of fully owned local sites across 30 countries in Europe, Asia and The Americas – offering clients end-to-end solutions for broadcasters, all major film studios, OTT and streaming platforms.

About SDI MEDIA
SDI Media (www.sdimedia.com) is one of the world’s leading media localization providers, offering dubbing, subtitling, and media services to content owners, broadcasters, and multi-platform distributors. SDI Media offers a complete end-to-end localization solution for theatrical releases and episodic series, using the most comprehensive suite of customizable localization software applications in the industry. With the world’s largest owned and operated network of 33 facilities in Asia, EMEA and the Americas, incorporating over 150 recording rooms and 85 mixing rooms globally.

Author: Katarina Karlsson
Date: 2021.01.22
Categories: News

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M-Files Secures $80 Million in Growth Investment

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Tesi

M-Files, the intelligent information management company, today announced that it has received a strategic investment of $80 million (€67 million). Bregal Milestone, a European growth capital firm, led the round with current investors Partech, Tesi and Draper Esprit also participating.

M-Files provides an intelligent, repository neutral platform that utilizes metadata and artificial intelligence (AI) to break down information silos and unify systems, data and content across an organization. M-Files seamlessly embeds within popular digital workplace platforms, including Microsoft 365, Salesforce and Google Workspace, enabling users to access and manage documents and information from the applications where they prefer to work.

From small and medium-sized businesses to large global enterprises, M-Files is a trusted partner to thousands of customers in over 100 countries, helping them increase efficiencies and drive productivity.  M-Files has more than 500 employees located across 11 global offices. The company’s software-as-a-service (SaaS) business model continues to propel its strong growth. M-Files has been featured in the Gartner Magic Quadrant for Content Services Platforms (formerly Enterprise Content Management) since 2012 and named a Visionary for the last five consecutive years.

Cyrus Shey (on the left) and Antti Nivala (on the right)

Antti Nivala, CEO and founder of M-Files:

“Bregal Milestone’s extensive experience investing in the B2B enterprise software sector and their philosophy in partnering with fast-growing companies like M-Files made the firm an attractive investment partner. We’ve identified opportunities to accelerate our growth and further expand M-Files’ market penetration, especially in North America. The valuable investment from Bregal Milestone, bolstered by support from our existing shareholders Partech, Tesi and Draper Esprit, will enable M-Files to deliver further innovations in product development, AI and our cloud platform.”

Cyrus Shey, Managing Partner at Bregal Milestone:

“We are thrilled to partner with the M-Files team to support Antti and his team on their very exciting growth journey. M-Files has a robust and cutting-edge solution that brings tangible value-add to its customers. We look forward to supporting management in accelerating growth and further consolidating M-Files’ leadership position, namely in the US and other key geographies. The transaction is the 9th investment made by Bregal Milestone’s inaugural growth capital fund in just over 2 years, and we couldn’t be more proud to partner with Antti and the world-class M-Files team.”

Additional information:

Antti Nivala, CEO and founder, M-Files Oy
antti.nivala@m-files.com
+358 40 556 0471

Juha Lehtola, Director, venture capital invesments, Tesi Oy
juha.lehtola@m-files.com
+358 400 647 671

 

M-Files Oy

M-Files provides a next-generation intelligent information management platform that improves business performance by helping people find and use information more effectively. Unlike traditional enterprise content management (ECM) systems or content services platforms, M-Files unifies systems, data and content across the organization without disturbing existing systems and processes or requiring data migration. Using artificial intelligence (AI) technologies in its unique Intelligent Metadata Layer, M-Files breaks down silos by delivering an in-context experience for accessing and leveraging information that resides in any system and repository, including network folders, SharePoint, file sharing services, ECM systems, CRM, ERP and other business systems and repositories. Thousands of organizations in more than 100 countries use M-Files for managing their business information and processes, including NBC Universal, OMV, Valmet, SAS Institute and thyssenkrupp. For more information, visit: m-files.fi.

Bregal Milestone

Bregal Milestone is a growth capital firm managing a €495 million pan-European fund dedicated to making investments in high-growth European companies. The firm provides growth capital and strategic assistance to support market-leading companies in the technology and technology-enabled services sectors. Bregal Milestone is part of Bregal Investments, who have invested over €15 billion to date.

Tesi (Finnish Industry Investment Ltd) is a Finnish state-owned investment company that wants to raise Finland to the front ranks of renewing economic growth by investing in funds and directly in companies. We invest profitably and responsibly, hand-in-hand with co-investors, to create the world’s new success stories. Our investments under management total 1.6 billion euros. Ambition for ownership and success – tesi.fi | @TesiFII

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Partners Group to acquire Idera, a leading global provider of software solutions

Partners Group

Partners Group, the global private markets investment manager, has agreed to acquire Idera (“Idera” or “the Company”), a leading global provider of software solutions for IT professionals, on behalf of its clients. Financial details of the transaction were not disclosed.

Founded in 2003 and based in Austin, Texas, Idera provides infrastructure software solutions to businesses for testing, application development, and database architecture and management, both on premises and in the cloud. The Company’s products are sold under a large portfolio of brands across three business segments: database tools; developer tools; and “DevOps”, which combines software development and IT operations to build products designed to increase an organization’s ability to deliver applications and services faster. The Company has 700,000 users globally across a wide range of industries, including technology, financial services, legal, pharmaceuticals, government and non-profit, energy and education. Idera has over 570 full-time employees.

In 2019, Partners Group made an initial investment in Idera, on behalf of its clients, joining TA Associates and HGGC in supporting the Company’s growth organically and through M&A. Since then, Partners Group has become further convinced of the significant opportunity in the infrastructure software sector, given the critical need for applications and tools that support digital transition and the increasing complexity of software. Idera is well-positioned to capitalize on these transformative trends, identified by Partners Group’s Thematic Sourcing strategy, and it will benefit from the firm’s extensive experience in building platform companies and creating value in technology-related businesses. Partners Group will assist the management team in partnership with TA and HGGC, all of whom will retain a minority position in the business, in developing its pipeline of strategic M&A opportunities, optimizing sales and marketing processes, and advancing fast-growing business segments going forward.

Bilge Ogut, Partner, Head Private Equity Technology, Partners Group, states: “We are excited to continue our relationship with Idera and expand its strong platform. The USD 205 billion infrastructure software market is undergoing meaningful change that hinges on continuously improving the productivity of developers. Idera has been very effective at capturing this trend by integrating high-quality products into its platform, making it an excellent fit for Partners Group’s transformational investment strategy. Going forward, we plan to work closely with the management team on various value creation initiatives as well as identifying new M&A opportunities that will accelerate Idera’s already positive trajectory, benefiting from this secular trend.”

Randy Jacops, Chief Executive Officer, Idera, says: “Through a carefully implemented strategy, we have built a portfolio of brands at the forefront of the technology adoption life-cycle in their respective markets. The highly fragmented nature of the global infrastructure software market means there are still plenty of opportunities for us to expand our footprint. Partners Group’s history of supporting high-growth technology companies and building resilient businesses, combined with the invaluable contributions it has already provided, will be critical as we continue to grow.”

Chris Russell, Managing Director, Private Equity Technology, Partners Group, adds: “We have witnessed firsthand the truly unique organization that Randy and his team have built. Idera’s innovative products are used by thousands of businesses to perform mission critical tasks and the market for software tools and apps aimed at the developer community will continue to evolve and grow. The management team has proven Idera to be a true leader in building and continuously improving the efficiency of its products for a large customer base and has successfully identified opportunities to expand its platform. By deepening our partnership with the Company, Partners Group can offer additional operational knowledge and platform-building expertise.”

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Montagu enters exclusive negotiations to acquire IMV Technologies

Montagu

Montagu enters exclusive negotiations with Qualium Investissement to acquire IMV Technologies

Montagu, announces today that it has entered exclusive negotiations with Qualium Investissement and management to acquire IMV Technologies.

Based in Normandy, France, IMV Technologies is the world leader in the design, manufacture, distribution and service of equipment and supplies used in animal reproduction and animal reproductive and clinical imaging. Its Life Sciences division features products used in human medical research and assisted reproduction. With operations in France, Brazil, China, India, the Netherlands, Russia, South Africa, the United Kingdom and the United States, and a vast network of distributors across more than 120 countries, IMV Technologies generates more than 85% of its revenue internationally.

IMV Technologies’ management team, supported by Qualium Investissement, has considerably grown the business through seven acquisitions and continued investments in R&D, which have allowed it to broaden its expertise and strengthen its global leadership in animal artificial insemination.

 

Alain de Lambilly, CEO of IMV Technologies, said: “We are delighted to be partnering with Montagu and see considerable opportunity ahead. The firm’s deep expertise in the healthcare and technology sectors will be a major asset for our company. Montagu’s partnership will enable us to further develop the company through significant investments in research and innovation. IMV Technologies thanks Qualium Investissement for bringing us to this place in our journey.”

Guillaume Jabalot, Director at Montagu, said: “The management team has accelerated growth and innovation at IMV Technologies, reinforced its leadership position globally and opened new growth avenues. The company operates in markets offering both long-term growth prospects and resilience, two core features of Montagu’s investment strategy. We are delighted to be partnering with management and supporting them in their growth strategy, both in France and internationally. With our backing, IMV Technologies will be able to continue its success as a consolidation platform in an industry which remains fragmented.”

Jacques Pancrazi, Partner of Qualium Investissement, said: “We are delighted to have supported IMV’s management team in its growth journey over the past six years. Continuing the work accomplished during Gilles de Robert’s 15-year leadership, Alain de Lambilly and his team have explored new avenues of growth through continued investment in innovation. This consistent focus on offering high value-added solutions to customers should further accelerate the company’s growth over the coming years.”

The transaction is subject to the final and definitive agreement between the parties and customary conditions and provisions.

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Ardian invests in Elée, a leading provider of software asset management solutions

Ardian

21 January 2021 Growth France, Paris

Paris, January 21, 2021 – Elée is partnering with Ardian, a world-leading private investment house, to support its development and growth.

Headquartered in Paris, Elée is one of the pioneers and the leading independent tech-enabled managed services provider of software asset management and cloud computing solutions in France. Founded in 2010 in Paris by Alain Marbach (former CIO of BNP Paribas and former Executive Committee member for Schneider Electric), Elée received initial funding from Jean-Louis Beffa (former CEO of Saint Gobain) and Denis Kibler (founder of Infra+ and angel investor of Meilleursagents.com). The company has developed an innovative tech-enabled offering that allows its customers to rapidly reduce costs, minimize their risk of non-compliance with software publishers and consistently optimize the management of their software and cloud assets.

According to Gartner, software spending accounted for $459 billion worldwide in 2020. It is estimated that software customers are currently exposed to tens of billions of dollars of unidentified non-conformity risk. To minimize this risk and optimize companies’ IT asset management, pure players have emerged, such as Elée in France. These pure players will expand both organically, through partnerships and M&A consolidation.

Elée has over 60 employees, and has developed its own proprietary software, Sambox.io, which has been acknowledged as one of the best solutions on the market at the ITAM Review Excellence Awards 2020. The company is the only French player that is part of market research company Gartner’s Magic Quadrant, which acknowledges the best companies in the sector worldwide. With 40% annual average revenue growth, Elée serves more than 100 clients, including the French State and over half of the CAC40 companies.

With Ardian’s acquisition of a minority stake in the business, Elée has the financial resources to accelerate its development in France and abroad, and accelerate the commercialization of its proprietary software, Sambox.io.

“Our sustained growth since the company’s incorporation is testament to our ability to respond to market dynamics. Ardian’s support is a recognition of our team’s performance, our clients’ satisfaction and will be a major driver in our future development, particularly internationally and in the new ecological challenges of software management.” said Alain Marbach, CEO and founder of Elée.

Olivier Roy, Investment Manager in the Ardian Growth team, commented: “Elée’s strong expertise and proprietary platform make it a key player in the software asset management market. The company has impressive growth prospects, both in France and overseas.”

Geoffroy de La Grandière, Managing Director in the Ardian Growth team, added: “In the current environment, Ardian Growth is pleased to be able to support entrepreneurs with ambitious projects more than ever. We are therefore excited to support Elée and its team in its next growth chapter.”

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Nordic Surface Group acquires MPA Måleri

Litorina

Nordic Surface Group (NSG) continues its expansion through a partnership with MPA Måleri AB. With the acquisition, NSG strengthens its position in the surface service market around Västerås and Mälardalen. MPA Måleri AB was founded in 1986 and has about 35 employees.

MPA-1

We welcome MPA Måleri AB and strengthen our position in Mälardalen with high competence. MPA has always been the preferred choice for us in the region. With this acquisition, we take further steps towards our goal of becoming the leading surface service provider in Sweden.” says Jonas Danielsson, CEO of Nordic Surface Group.

For further information, please contact:

Jonas Danielsson, +46 70 910 76 34, CEO, Nordic Surface Group

Nordic Surface Group, formed in 2020, is the second largest surface service provider in Sweden. The group has sales of SEK 1 billion and employs more than 800 people in southern Sweden, Stockholm and Mälardalen. Today’s group consists of Stoby Måleri (founded in 1969, based in Hässleholm), Ekbladhs Måleri (founded in 1967, based in Landskrona), Bruske Måleri (founded in 1936, based in Stockholm), Målerimetoder (founded in 1984, based in Stockholm, Vaksala Måleri (founded in 2006, based in Uppsala), B Krafft Måleri (more than 100 years of history, based in Örebro) and MPA Måleri (founded in 1986, based in Västerås).

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Standard Chartered and UOB provide a HK$5.29 billion green loan to Gaw Capital-led consortium for its acquisition of 1111 King’s Road

Gaw Capital

21 January 2021, Hong Kong – Standard Chartered Bank (Hong Kong) Limited (“SCBHK”) and UOB have teamed up to provide a HK$5.29 billion green loan to a Gaw Capital Partners-led consortium to support its acquisition of 1111 King’s Road (previously named as Cityplaza One) in Hong Kong.

 

1111 King’s Road currently holds a Platinum Green Building Certification under the BEAM Plus[1] assessment scheme which is recognised and accredited by the Hong Kong Green Building Council. The platinum certification is the highest possible rating based on a basket of criteria[2] including water efficiency and waste management. It recognises buildings with sustainability incorporated into their design and operation, and which contribute positively to Hong Kong’s emission intensity reduction goals.

 

SCBHK and UOB acted as joint mandated lead arrangers and joint bookrunners for the green loan facility to the Gaw Capital Partners-led consortium. The loan supports Gaw Capital’s continued efforts in implementing its sustainable strategy in line with the United Nations’ Sustainability Development Goals.

 

Ms Helen Hui, Co-Head, Client Coverage, Corporate, Commercial and Institutional Banking, Hong Kong, Standard Chartered, said, “Standard Chartered is fully committed to promoting sustainable finance and embedding sustainability in our business operations. We are pleased to provide this green loan to the Gaw Capital Partners-led consortium for the purchase of 1111 King’s Road and installation of more green facilities in this Grade-A office tower. We are keen to do more and seek opportunities to work with our clients in developing Hong Kong into a hub for green finance.”

 

Mrs Christine Ip, CEO – Greater China, UOB, said, “At UOB, financing is one way we partner our clients to promote sustainable development. Our support to the consortium led by Gaw Capital Partners demonstrates our commitment to working with our clients to help drive their sustainability efforts as we continue to forge a sustainable future with our stakeholders.”

 

Ms Christina Gaw, Managing Principal & Head of Capital Markets of Gaw Capital Partners, said, “Gaw Capital Partners has continued to integrate ESG considerations into our business since 2014. With our latest purchase in Hong Kong, we are committed to maintaining 1111 King’s Road, Hong Kong under Platinum BEAM Plus accreditation, which means that the building will reduce the environmental impact in terms of different aspects, including operation management, materials and waste aspect, energy use, water use and indoor environment quality. This green loan reflects our commitment in finding ways to finance and operate a more sustainable business.”

[1] BEAM Plus is a leading initiative in Hong Kong offering independent assessments of buildings’ sustainability performance.
[2] For details, please visit HKGBC’s website: https://www.hkgbc.org.hk/eng/beam-plus/beam-plus-references/manuals-assessment/manuals-assessment.jsp

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