Category Archives: News

British chain Jewson to join STARK Group

CVC Capital Partners

600 branches and distribution centres change ownership in a GBP 740 million (in EUR 850 million) transaction from the French manufacturer of building materials Compagnie de Saint-Gobain SA to STARK Group A/S, which is headquartered in Copenhagen and has operations in the Nordics, Germany, and Austria. The Group is a European leader in retail and distribution of heavy building materials to professional craftsmen.

Saint-Gobain has chosen STARK Group in a competitive process as the best future owner of the British retailer and distributor of building materials from 1836, which since the year 2000 has been owned by Saint-Gobain.

The parties have signed an agreement that will see STARK Group acquire and operate Saint-Gobain Building Distribution Ltd, which includes Jewson the general builders’ merchant, strong local brands Gibbs & Dandy and JP Corry in Northern Ireland, the specialist brands Jewson Civil Frazer and Minster, as well as International Timber.

The transaction is based on an enterprise value of GBP 740 million (in EUR around 850 million). The acquired business is expected to generate net sales of around GBP 2.3 billion (in EUR 2.7 billion) in 2022.

STARK Group is among Europe’s fastest-growing retailers and distributors of building materials, achieving annual pro forma net sales of around EUR 9 billion (in GBP 7.75 billion), including the British acquisition.

In 2019, STARK Group acquired Saint-Gobain’s German distribution business, including strong brands such as Raab Karcher, Melle Gallhöfer, Keramundo, and Muffenrohr. The German company has since doubled net sales through organic growth and acquisitions.

Group CEO Søren P. Olesen says: “We have a strategy that successfully focuses on professional craftsmen and the renovation and maintenance market, which this acquisition fits very well into. In 2019, we bought Saint-Gobain’s German distribution business, and there are many similarities in this acquisition. We will do our utmost to develop, grow and invest behind the company making it the professional craftsmen’s preferred choice in the UK. We have acquired a business with whom we can continue our growth journey.

Quotes

We are on a strong growth trajectory, at the heart of which is being a good corporate citizen

Søren P. Olesen CEO, STARK Group

“Despite the current tough macro-economic environment, the fundamental drivers for the renovation and maintenance market in the UK with its large need for energy renovation in the coming decades are attractive. We are on a strong growth trajectory, at the heart of which is being a good corporate citizen, we value all of our existing employees and are proud of our contributions to bringing down emissions.”

Focus on professional craftsmen and passion for sustainability

STARK Group went through a financial and strategic turnaround from 2016 to 2018, which set the company on its current path to growth. The company has since developed its business with the aim to make life simpler for professional craftsmen, offering better advice and services, as well as investing in the branch network and distribution centres. STARK Group is known for its employee engagement and customer satisfaction, both of which are among the best in the industry.

Sustainability is a key focus area for STARK Group. Across all of its markets, the Group explores and provides sustainable and innovative offerings, including its recycled wood ‘Rewood’ concept, as well as partnerships with suppliers and other partners. The Group has committed to the Science Based Targets initiative (SBTi) and is progressing well in bringing down emissions to zero by 2050 at the latest. STARK Group is rated among the top 1% of 75,000 companies rated on sustainability by EcoVadis. Earlier this year, the Group was awarded the prestigious Auditors’ CSR Award 2022, together with Mærsk, for its reporting on sustainability.

The transaction is expected to close in the spring of 2023.

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CapMan Infra invests in solar developer Skarta Energy to transform it into an independent power producer

Capman

CapMan Infra invests in solar developer Skarta Energy to transform it into an independent power producer 

CapMan Infra has agreed on a majority investment in Skarta Energy in a joint venture to be established together with its current parent company SkartaNYAB Plc. The joint venture will develop renewable energy projects, with initial focus on solar in Finland and a strategy to develop-to-own and becoming an independent power producer. The development of solar energy supports the green transition, while improving energy security in the Nordic countries.

Skarta Energy was established in 2021 and has a strong pipeline of mainly solar energy projects with a combined production capacity of over 1.0 GW in various phases. Skarta Energy has a unique and experienced team of eight, which has established a strong platform for further growth. Currently, Skarta Energy is developing its first utility scale solar project in Utajärvi where construction for phase 1 is expected to start in late 2023. Over the next five years the target is to develop and operate c. 500 MW of production, which corresponds to the power consumption of over 20,000 households.

“We are very excited about this first investment of CapMan Infra’s second infrastructure fund. Skarta Energy is well positioned in its own right to drive the necessary green transition and increase the security of electricity supply within our Nordic home markets. Currently, solar energy accounts for only half a percent of all electricity produced in Finland, a figure which is expected to increase significantly as Finland is targeting to become fossil fuel free by 2035. This has led to strong corporate and consumer demand and support for green electricity.  We are very excited to partner with SkartaNYAB to develop the nascent Finnish solar market and build Skarta Energy into a leading independent power producer together,” says Harri Halonen, Partner at CapMan Infra.

“We have found the right partner to accelerate our vision to build a cleaner future. SkartaNYAB’s expertise in project development and energy engineering as well as energy construction is hereby combined with CapMan’s expertise in the renewable sector and ability build and grow successful infrastructure businesses. Skarta Energy will be a significant player to improve energy self-sufficiency in Finland,” says Johan Larsson, CEO of SkartaNYAB Plc.

CapMan Infra will own 60% of the joint venture Skarta Energy. The transaction is expected to close by the end of 2022.

CapMan Infra’s investment focus is core and core+ infrastructure assets in the energy, transportation and digital infrastructure sectors in the Nordics. This investment is the first for the CapMan Nordic Infrastructure II fund established in 2022 and with a €400 million target size. The CapMan Infra team comprises 11 investment professionals based in Helsinki and Stockholm.

For more information, please contact: 

Harri Halonen, Partner, CapMan Infra, tel. +46 768 71 0062

About CapMan 

CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. With over €4.9 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, fundraising advisory, and analysis, reporting and wealth management services. Altogether, CapMan employs around 180 people in Helsinki, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are a public company listed on Nasdaq Helsinki since 2001 and a signatory of the UN Principles for Responsible Investment (PRI) since 2012. Read more at www.capman.com. 

About SkartaNYAB 

SkartaNYAB is a builder of a clean future with decades of experience in complex and demanding projects. We are enabling green transition in the Nordics by providing engineering, construction, and maintenance services to public and private sector clients regarding renewable energy and sustainable infrastructure. SkartaNYAB is headquartered in Oulu and it has more than 300 employees at different locations in Finland and Sweden. 

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EQT included in the Dow Jones Sustainability Index

eqt

EQT AB (“EQT”) has been selected for inclusion in the Dow Jones Sustainability Indices (DJSI) based on its results in the S&P Global Corporate Sustainability Assessment.EQT AB (“EQT”) has been selected for inclusion in the Dow Jones Sustainability Indices (DJSI) based on its results in the S&P Global Corporate Sustainability Assessment.

EQT is pleased to announce that it has been included in the Dow Jones Sustainability Indices. As one of the world’s foremost sustainability benchmarks, the S&P Global Corporate Sustainability Assessment (CSA) evaluates the sustainability performance of thousands of publicly listed companies across 61 industries, covering economic, social and environmental dimensions. Companies are selected for inclusion in the DJSI based on the results of the S&P Global CSA.

“Our inclusion in the Dow Jones Sustainability Indices is a welcome testament to EQT’s purpose to future-proof companies and make a positive impact. EQT’s belief is that we can help make companies more sustainable while simultaneously delivering superior returns to our investors – ultimately creating a positive impact in the societies where we operate,” said Christian Sinding, CEO & Managing Partner at EQT.

Earlier this year, EQT was included in the MSCI ESG Leaders Index, comprising the companies with the highest ESG-rated performance in each sector.

To learn more about EQT’s sustainability strategy, read the latest Annual and Sustainability Report.

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About EQT
EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of almost three decades of delivering consistent and attractive returns across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. As of the closing of the combination with BPEA, EQT has EUR 114 billion in assets under management, within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in 24 countries across Europe, Asia and the Americas and has more than 1,750 employees.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

About The S&P Global Corporate Sustainability Assessment
The Corporate Sustainability Assessment (CSA) empowers you to leverage the unique expertise and the proprietary methodology and database underlying the world’s most renowned sustainability indices. Established in 1999, the CSA has become the basis for numerous ESG indices over the last two decades. S&P Global acquired the CSA in 2019, which included the transition of the related ESG ratings and ESG benchmarking teams and that now operate out of S&P Global Switzerland.

Categories: News

Hg agrees to sale of Transporeon for €1.88 billion

HG Capital

highly successful partnership between Hg and the Transporeon team has led to continued strong revenue and EBITDA growth since 2019, furthering Transporeon’s mission to bring transportation in sync with the world.

Ulm, Germany and London, United Kingdom. 12 December 2022.  Hg, a leading software and services investor, today announces the sale of Transporeon, a leading cloud-based transportation management software platform, to Trimble in a transaction valuing the business at an enterprise value of €1.88 billion.

Transporeon provides a leading cloud-based logistics and transport management platform, solving 360-degree freight problems by enabling automation, real-time insights and collaboration on €48bn of annual freight.  This is all handled on a modern SaaS platform which enables more efficient tendering, dispatching, scheduling, real time tracking and better communication between the around 1,400 enterprises looking to move freight and close to 145 000 carriers – all whilst helping to reduce 30% waste in global transportation and to lower CO2 emissions.

A 20+ year focus on software businesses across Europe and North America led to Hg following the business and engaging with the team for almost a decade prior to investing in 2019. Since then, the business has seen strong growth and continued margin expansion across various cycles.

This robust performance has been enabled by continuous product investment and strategic initiatives, whilst also adding new offerings to Transporeon’s suite both through additional partnerships and five strategic tuck-in acquisitions.​

“The past three years has significantly accelerated Transporeon forward in our mission to bring transportation in sync with the world. Innovation in our products and an expansion of the business has meant we have built a remarkable platform in a rapidly growing sector, with solutions that are in high demand globally. This would not have been possible without the software expertise delivered by Hg. The management team thank everyone at Hg and Transporeon who have worked hard together to put us in this very advantageous position”.

Stephan Sieber, Chief Executive Officer at Transporeon

“We tracked Transporeon for many years, impressed with its globally unique logistics network, solving real supply chain issues in a heavily under-digitized sector. It has been a hugely rewarding, working initially with the founders Marc and Martin, and then with Stephan and the team to build on this. We’re particularly proud to have enabled several new solutions which have proved immensely valuable to customers and the wider global community, like AI-based analytics and prediction tools to facilitate carbon footprint reduction, whilst also expanding our addressable sector via strategic acquisitions. We wish the team the very best wishes as part of Trimble”

Stefan Margolis, Partner at Hg

“Transporeon is at the forefront of freight industry digitalisation and its cloud-based solutions continue to reduce complexity and increase efficiency for a large fragmented global logistics sector. We’re delighted for the team. We’re also proud to continue to deliver on our purpose, to return funds back to clients, with $7 billion returned during 2022.”

Justin von Simson, Managing Partner at Hg

The sale marks the fourth full Hg realisation to a strategic buyer in the last 12 months, having previously sold Medifox to ResMed, Allocate Software to RL Datix and itm8 which merged with AddPro, all contributing to over $7 billion collectively returned to clients in the last 12 months.

The transaction is expected to close in the first half of 2023, subject to customary closing conditions including regulatory approvals.

For further information, please contact:

For Hg
Tom Eckersley, Hg
+44 (0)20 8396 0930
tom.eckersley@hgcapital.com

Azadeh Varzi, Brunswick Group
+44 (0)207 404 5959
hg@brunswickgroup.com

About Transporeon

At Transporeon, our mission is to bring transportation in sync with the world. We power the largest global freight network of +1,300 industrial shippers, +100 large retailers and +145,000 carriers and logistics service providers. They execute 220,000 transactions per day on our platform and process around €48bn in freight spend per year.

Our leading Transportation Management Platform connects all actors along the supply chain. It facilitates collaboration between the different parties, helps to automate manual processes and provides valuable real-time insights. The modular Application Hubs solve specific logistics challenges and range from freight sourcing over transport execution and dock and yard management to freight audit and payment. Data hubs provide insights into logistics operations, market developments and carbon emissions, next to ensuring transparency in the supply chain through visibility. Our platform works across all geographies and all modes of transportation, empowering logistics teams to move, manage and monitor freight.

Transporeon is headquartered in Ulm, Germany, and maintains 18 offices around the globe with +1,400 employees across 27 countries. For more information visit www.transporeon.com.

About Hg

Hg is a platform for software and services champions, focused on backing businesses that change how we all do business. Deep technology expertise, complemented by vertical application specialisation and dedicated operational support, provides a compelling proposition to management teams looking to scale their businesses.

Hg has funds under management of over $55 billion, with an investment team of over 160 professionals, including a portfolio team of almost 50 operators, providing practical support to help our businesses to realise their growth ambitions. Based in London, Munich, New York, Paris and San Francisco, Hg has a portfolio of over 46 software and technology businesses, worth over $100 billion aggregate enterprise value, with over 90,000 employees globally, growing at over 20% per year.

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Partners Group to sell CWP Renewables, a major Australian renewable energy platform

Partners Group

Sydney, Australia; 7 December 2022

  • Partners Group built CWP from the ground up, transforming it into one of the largest renewable energy platforms in Australia
  • The Platform has 1.1 GW of operational onshore wind assets, including Murra Warra I & II
  • Renewable energy is a core thematic focus for Partners Group, which seeks to invest in next-generation infrastructure assets that benefit from decarbonization trends

Partners Group, a leading global private markets firm, has, on behalf of its clients, agreed to sell CWP Renewables (“CWP” or “the Platform”), a vertically integrated renewable energy platform in Australia, to Squadron Wind Energy Assets.

CWP’s renewable energy platform spans onshore wind and battery farms, and provides power to clients including Transurban, Woolworths Group, Sydney Airport, Commonwealth Bank, and Snowy Hydro. It currently operates over 1.1 GW of wind assets including Sapphire Wind Farm, which has 75 turbines generating up to 270 MW, Murra Warra I & II (with a combined 435 MW), Bango Wind Farm (244 MW), and Crudine Ridge (142 MW). CWP’s portfolio also includes a construction-ready 414 MW wind farm and a 30 MW battery project. The Platform has a project pipeline including 5 GW of near-medium term projects and an additional 15 GW at an early stage of development.

Partners Group developed CWP from the ground up in line with its long-term and thematic approach to investing in next-generation infrastructure assets that benefit from decarbonization trends. The firm invested in Sapphire Wind Farm, the first of the CWP assets to be constructed, in 2016. In building CWP, Partners Group successfully managed projects towards commercial operation dates, installed best-in-class teams to handle daily operations, arranged long-term power purchase agreements, and implemented a portfolio debt staple to replace individual asset specific project finance facilities, all with a view to the long-term sustainability of the Platform.

Martin Scott, Head of Australia, Partners Group, says: “We are proud to have built a major renewable energy platform that is set to play a key role in decarbonizing Australia’s energy mix and supporting the country and its businesses in meeting their ambitious net zero ambitions.”

Andrew Kwok, Head of Private Infrastructure Asia, Partners Group, comments: “The Platform, including late-stage construction assets, creates enough energy to power 200,000 homes, employs more than 1,000 Australians, and avoids 2.1 million tons of emissions through its renewable power generation.”

Nick Kuys, Head of Private Infrastructure Asset Management Asia, Partners Group, adds: “The assets in the CWP platform benefit from talented operations teams and long-term contracts, which provide highly visible cashflows.”

Partners Group’s Private Infrastructure business has USD 21 billion in assets under management and has made over 130 investments in 18 countries globally. Partners Group has invested over USD 3.8 billion in renewable energy assets globally.

Completion of the transaction is subject to customary regulatory approvals. Partners Group was advised by Macquarie Capital as its financial advisor and Clifford Chance as its legal advisor.

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Adelis new majority owner in IT services company Aderian

Adelis Equity

Adelis Equity Partners becomes the new majority owner in the fast-growing IT services company Aderian to support continued organic growth and acquisitions. Operating a decentralized model, Aderian consists of a group of locally strong IT specialists who deliver tailored and customer-oriented IT services to SME customers. Following the transaction with Adelis, Aderian is expected to generate revenues of c. SEK 1 billion with the ambition to triple revenues within five years while retaining strong profitability.

Adelis has significant experience from investing in the attractive and fast-growing IT services space, where service delivery is becoming increasingly complex and critical, driven by e.g. migration to cloud and need for IT security. Simultaneously, there is a growing demand – especially in the SME segment – for tailored and customer-centric solutions.

With a strong track record of investing in partnerships with leading entrepreneurs, Adelis becomes new majority owner in the IT services company Aderian, with the ambition to further develop its successful decentralized business model whilst accelerating growth. All entrepreneurs, management and key employees will remain significant shareholders following the transaction.

“We are very excited to welcome Adelis as a new growth partner to Aderian. We have a unique business model where our group companies retain their strong brands and local presence, which is highly appreciated by both customers and employees. At the same time, we cooperate within the group to provide both a broad service offering and specialist competences to always serve our customers in the best possible way”, says Mia Åslander, CEO at Aderian Group.

Following the transaction with Adelis, Aderian is expected to reach revenues of c. SEK 1 billion. With Adelis as a growth partner, the ambition is to triple revenue in five years, driven by both organic growth and an active M&A strategy in the fragmented IT industry.

“We are honored to become new majority owner in Aderian. Mia and the team of strong entrepreneurs have created a unique platform that combines the important qualities of being a local and customer-oriented IT partner, with the benefits and resources of being part of a larger group. We look forward to supporting Aderian’s continued growth and welcoming additional entrepreneurs and employees who want to join our coming growth journey”, say Erik Hallert and Jakob Wedenborn at Adelis.

The transaction is expected to close January 2023, subject to customary regulatory approvals.

For further information:

Mia Åslander, VD Aderian Group

Phone: 076-188 91 77

E-mail: mia.aslander@aderian.se

Erik Hallert, Adelis Equity Partners

Phone: 070-936 80 41

E-mail: erik.hallert@adelisequity.com

Jakob Wedenborn, Adelis Equity Partners

Phone: 073-392 59 26

E-mail: jakob.wedenborn@adelisequity.com

About Aderian Group

Aderian Group consists of leading companies with strong local brands and broad competences that, within Aderian, can find synergies and areas of cooperation to broaden their service offering and provide tailored solutions with a customer-centric approach. The strategy is to gather all the companies’ unique qualities with the goal of becoming a market leader within IT- and application operations, infrastructure, cloud services, security and digitalization. The companies in the group, primarily focused on smaller- and midsized (SME) customers, can leverage this business model to broaden their service offering and continue to grow with existing and new customers. Today, Aderian has over 300 employees and has revenues of c. SEK 800m. For more information, please visit www.aderian.se

About Adelis Equity Partners

Adelis is a growth partner for well-positioned, Nordic companies. Adelis partners with management and/or owners to build businesses in growth segments and with strong market positions. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, making 37 platform investments and more than 160 add-on acquisitions. Adelis today manages approximately €2.5 billion in capital. For more information, please visit www.adelisequity.com

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EQT Future and ATHOS, alongside other co-investors, invest in SHL Medical, a world-leading provider of advanced drug delivery solutions

eqt
  • SHL Medical is a pioneer in medical autoinjectors, which allow patients to safely self-administer medications at home while reducing the burden on healthcare systems
  • EQT first partnered with SHL Medical in January 2020 through its EQT VIII fund. Having outperformed its business plan since, SHL Medical formulated an ambitious growth strategy until 2030, for which EQT Future, ATHOS and other co-investors will serve as partners
  • The consortium will support SHL Medical in its next phase of growth, expanding its production footprint to the United States and Europe, while further strengthening the Company’s positive impact by increasing patient autonomy and through circularity and reusability initiatives

EQT Future, EQT’s new impact-driven longer-hold investment strategy, and ATHOS, alongside other co-investors (the “Consortium”), have today announced an investment in SHL Medical (“the Company”), a world-leading provider of drug delivery solutions. The Consortium will acquire a minority share of the Company from EQT’s Equity fund VIII, which will exit the Company. Roger Samuelsson, the Company’s founder, will remain the majority shareholder.

SHL Medical serves as a partner to global pharmaceutical and biotech companies in the development and production of medical autoinjectors. Autoinjectors are the preferred drug delivery solutions for highly complex biologic drugs and its biosimilar derivatives. The solutions allow patients to safely self-administer medication at home, especially for chronic diseases, which represent an increasing global health threat and require frequent treatments over long periods. Self-treatment increases patients’ quality of life while reducing the burden on healthcare systems. Headquartered in Switzerland, SHL Medical has a global presence with offices and operations in Europe, Asia, and the United States, employing more than 5,000 people worldwide.

Since the investment by EQT VIII in 2020, SHL Medical has significantly outperformed its business plan, having upgraded its manufacturing and commercial capabilities while focusing on digitalization. It has recently won several new long-term contracts, which will be a critical driver of the firm’s growth strategy through 2030. The Company is working on a range of new product launches while expanding its production footprint to the United States and Europe. EQT Future and ATHOS will support this journey while working closely with the SHL Medical management team to further strengthen the Company’s positive impact by increasing patient autonomy and through circularity and reusability initiatives.

Ulrich Faessler, CEO of SHL, commented: “Above all else, SHL Medical’s success has been predicated on an unresolving commitment to improving the lives of patients. We have a great partnership with EQT and are excited to work closely with EQT Future, ATHOS and the other co-investors to accelerate our global expansion and to develop new drug delivery solution offerings. Together, we will continue to build and grow the company to provide the best possible service to our customers and for patients around the globe.”

Andreas Aschenbrenner, Responsible Partner within EQT VIII’s Advisory Team, said: “The successes of the last three years have been a testament to Roger and his team. Ulrich together with his world class team have launched new product platforms with additional benefits for patients, automated the assembly process, accelerated geographical diversification, and with their innovations laid the foundation for SHL Medical to become a sustainability champion within its field. We believe that EQT Future, ATHOS and the other co-investors are the right partners to build on these achievements and strengthen SHL Medical’s long-term prospects.”

Rikke Kjær Nielsen, Partner within EQT Future’s Advisory Team, said: “EQT Future backs market leading businesses which improve our planet through the products and services they deliver, while having the potential to shape their industries. SHL Medical is all of this and more. Together with ATHOS, one of the leading global life sciences investors, and other co-investors, we are well positioned to support Ulrich and his team as they expand SHL Medical’s global production footprint and further strengthen the Company’s impact and sustainability strategy.”

Wolfgang Essler, General Manager at ATHOS, said: “We are proud to partner with a business as exceptional as SHL Medical. Being healthcare and life sciences investors at the very core of our DNA, we have the utmost respect for the entrepreneurial achievements of Roger Samuelsson and his team, who are pioneers in the area of medical self-injection devices for biologic drugs that increase the autonomy of patients. We look forward to collaborating with SHL Medical and EQT Future to explore the potential for patients to safely self-administer a new generation of drugs. This fits into the impact goals that we apply to our investment criteria.”

 

Contact

EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of EQT Future will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.

About EQT
EQT is a purpose-driven global investment organization with EUR 114 billion in assets under management within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia-Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

About ATHOS
ATHOS KG is a Munich based single family office. ATHOS with its heritage in healthcare and life sciences invests in teams with exceptional science expertise and technology-driven companies with an entrepreneurial and value-based approach. 

About SHL Medical
SHL Medical designs, develops and manufactures advanced drug delivery devices, such as autoinjectors, pen injectors and advanced inhaler systems, and provides final assembly, labeling, and packaging services for pharma and biotech companies worldwide. Headquartered in Switzerland with locations in Taiwan, Sweden, and the US, SHL Medical employs more than 5,000 employees worldwide.

More info: www.shl-medical.com

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Gimv exits Biolam to its management backed by investors after a fast and successful growth trajectory into a leading French group of clinical testing labs

GIMV

Topic: Divestment

Biolam and Gimv today announce an important step in the growth trajectory of Biolam. Following the group’s fast and successful development, combining organic and external growth, Gimv is selling its stake in Biolam to its founding team, backed by private equity investors. The founders, the management and their new partners will further focus on quality of service and care, and expansion in France.

In 2019, Gimv acquired a stake in Biolam 80 (www.groupebiolam.fr), an emerging group of clinical testing laboratories operating in the city of Amiens, together with Daniel Attias. The original plan, co-designed with Daniel Attias, aimed at creating a leading player in the Hauts-de-France region, in terms of size, clinical performance and level of service.

From the start Biolam has grown very quickly thanks to a combination of laboratory creation in under-serviced locations, an important enabler for accessible quality care, and strategic acquisitions. In parallel, the group continuously invested in staff, care organization, diagnostics equipment and IT backbone, serving its ambitious medical project. Altogether, these efforts enabled Biolam to become a leading laboratory group in the Hauts-de-France and Normandie region with a solid foundation for continued success.

The company currently operates a network of more than 30 labs, with 4 technical platforms and has a rich pipeline of active acquisition targets. Since Gimv’s investment in 2019, Biolam has signed 7 add-on acquisitions and has built a leading and high-quality diagnostics organization.

The transaction announced today will strengthen the company’s relentless focus on quality of service and care and expansion in its regions. The management team, with its new partners, will further invest in its organization while growing its laboratory network in order to build an even better diagnostic company for all stakeholders.

The transaction has no significant impact on the Net Asset Value of Gimv as of 30 September 2022. No further financial details will be disclosed.

Gautier Lefebvre, Partner at Gimv, and Kevin Klein, Principal at Gimv, state: “ We are extremely proud of having partnered with Biolam and Daniel Attias for its growth strategy where focus on quality diagnostics and service level to practitioners have always been paramount, especially during the pandemic. Since the start, we have been perfectly aligned with the management team, resulting in an optimal ability to build the organization and to seize growth opportunities. We are grateful for the successful and excellent cooperation with the management of Biolam and wish them – together with their new partners – all the best in their further growth trajectory.”

Daniel Attias, Chairman of the Biolam Group, says: “We have exceeded the targets we initially set ourselves with the Gimv team, which is a sign of a very effective collaboration. We are thankful for the successful partnership with Gimv that enabled the development of Biolam into an established and leading laboratory group with solid foundations for the next growth phase. and look forward to further grow with our new partners.”

 

Read the full document

English – French – Dutch
 

Gimv

Karel Oomsstraat 37, 2018 Antwerpen, Belgium

www.gimv.com

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BGF leads major investment in Makers to champion diversity and talent in tech

BGF

Makers, the London based provider of tech talent, has raised £7 million in a funding round led by BGF alongside existing investors Forward Partners and Educapital.

With this investment Makers will offer a wider variety of tech bootcamp and apprenticeship courses over the next three years. These will open up 5,000 opportunities in tech for people who would not otherwise have had access and provide Makers’ clients with diverse talent across their tech teams.

Founded in 2012, Makers identifies high potential career switchers without a background in tech, trains them as software engineers and helps place them with leading companies. Since its founding, the company has trained more than 3,000 people to become software engineers, successfully placing candidates with global brands including Google and Deloitte Digital.

As part of its mission, Makers is committed to championing diversity in tech. In addition to free apprenticeship programmes for students, 30% of places on its Bootcamp courses are taken as full scholarships, 40% of students are women (double the UK tech industry average) and 40% are from underrepresented ethnic backgrounds.

Led by BGF’s London-based investor Rahul Satsangi, this investment will help Makers expand its course portfolio, increasing the supply of highly trained and diverse candidates to address the significant labour gap in the UK technology industry.

Claudia Harris OBE, CEO of Makers (pictured), commented: “Ten years ago, Makers launched the first European Coding Bootcamp and five years later we continued to innovate, becoming early providers of software engineering apprenticeships. Now, with this investment, we will expand our offer across more technical disciplines, increasing the opportunity for people to switch careers into tech and enabling employers to fulfil all of their tech talent needs.

“We are driven by a vision of a tech industry that represents society and where people from all backgrounds can find work that they love. Tech shapes every aspect of our lives but is disproportionately run by people from a narrow segment of society. That needs to change. That’s why we recruit students from all backgrounds and from the day we were founded 10 years ago we have never focused on qualifications, just potential.

“We are incredibly grateful to our existing investors Forward Partners and Educapital for their continued support – and we are delighted to be working with BGF now as we take another step towards fulfilling our vision. From our early meetings it was clear that BGF’s investment team share our values and we are pleased to have their support during our next chapter.”

Rahul Satsangi, Investor at BGF, remarked: “Makers represents a unique and exciting opportunity to invest in a fast-growing mission-led business making a real difference promoting diversity in the tech sector. We are looking forward to working with Claudia and her dedicated senior leadership team to help drive the business forward in its next exciting stage of growth.”

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Segulah creates SELATEK – a challenger within security solutions, electrical installation and automation

Segula

In November 2021, Segulah acquired a majority stake in Levinsgruppen, a leading regional provider of electrical installation, climate control systems and turnkey industrial automation services, to support the company in its next growth phase. Since then, eight acquisitions have been completed tripling the Group’s combined revenues to around SEK 750m and expanding geographical presence to the attractive greater Stockholm region.

To address the market’s increased demand for qualified services within security solutions, electrical installation, and automation, SELATEK has been created with the ambition to take larger contracts with a focus on sustainability and technology. Through organic growth initiatives in a structurally growing market, continued acquisitions and synergies between the companies, the Group is expected to grow significantly during the next couple of years. The companies within the SELATEK Group will operate under their locally anchored and unique brands, with the previous owners and key employees remaining in their respective operational roles. The strategy is to drive Group initiatives and, with a focus on sustainability and technology, offer the market specialist competence within the technology areas security solutions, electrical installation and automation.

“SELATEK’s strategy is built on that locally strong companies with a unique brand will continue to develop with support from the Group and its subsidiaries. By taking pole position in the rapidly evolving technological development within our focus areas we will offer our customers unique expertise and high-quality deliveries. Energy efficiency solutions, power transmission and charging infrastructure are areas where SELATEK already today makes a difference.” says Magnus Löfgren, CEO of SELATEK.

For further information, please visit www.selatek.se, www.segulah.com or contact:

Magnus Löfgren                                             Marcus Planting-Bergloo
CEO, SELATEK                                                 CEO, Segulah VI Advisor AB
+46 702 09 66 14                                              +46 702 29 11 85
magnus.lofgren@selatek.se                         planting@segulah.se

 

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