Activa Capital and Paluel – Marmont Capital realize their investment in Gaz Européen to DCC plc

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 Activa Capital

Activa Capital and Paluel-Marmont Capital have reached an agreement with international group DCC plc, shareholder of Butagaz since 2015, with regards to the disposal of their stake in Gaz Européen. Following the acquisition of an equity interest and a capital increase in December 2013, Activa Capital and Paluel – Marmont Capital have been accompanying the development of Gaz Européen as shareholders alongside the founders (majority shareholders ) and the management.

The DCC group has submitted a binding offer to acquire Gaz Européen, a natural gas retail and marketing business which supplies business and public sector customers in France, founded in 2005 when the French natural gas market was first deregulated and opened to competition. This acquisition which enables DCC to enter a new phase of diversification of its offer in energy businesses, is conditional on competition clearance from the French Competition Authority and is expected to complete in the first quarter of 2017.

For Yann Evin, CEO and shareholder of Gaz Européen, Activa Capital and Paluel-Marmont Capital have accompanied the transformation of the group’s supply chain model and supported the company’s strong growth for the last three years. With Butagaz, we expect to continue down that path and explore together new growth opportunities.

For Charles Diehl, Partner of Activa Capital, we are delighted to have contributed to Gaz Européen’s success, which has become a leading player in its market segment throughout France with 500,000 customers in the collective residential B2B market across 10,000 sites. We are convinced that the combination with Butagaz is an important milestone for continued success on the B2C as well as B2B markets.

For Xavier Poppe, Partner of Paluel-Marmont Capital, we are proud to have supported Gaz Européen in a period of strong growth during which the number of sites supplied has tripled and the turnover more than doubled over the last three years to exceed €200m today.

 

About Gaz Européen

The Gaz Européen group is a natural gas retailer serving the entire French territory thanks to its regional entities (Gaz de Paris, Gaz de Lille, Gaz de Nantes, Gaz de Lyon, Gaz de Marseille, Gaz de Toulouse). Specialist retailer of natural gas focusing on supplying energy management companies, apartment blocks with collective heating systems, public authorities and the service sector in France, Gaz Européen has a recognized track-record of experience in customized product and service offering which enable customers to better control their energy consumption. Learn more about Gaz Européen at www.gaz-europeen.com.

 

 

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IK Investment Partners to sell Axtone Group to ITTIK

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IK Investment Partners (“IK”) is pleased to announce that the IK 2004 Fund has reached an agreement to sell Axtone Group S.A. (“Axtone” or “the Company”), a leading manufacturer of highly engineered and customised components for railway industry, to ITT Inc., a US stock quoted manufacturer of engineered critical components and technology solutions for the energy, transportation, and industrial markets worldwide. Financial terms of the transaction are not disclosed.

Axtone is Europe’s premier manufacturer of buffers, draw-gear devices, railway springs as well as other shock absorption and safety components for rail and metro vehicles and rail infrastructure. With over 200 product certificates and customers across the globe, the Company’s solutions fulfil the requirements of European, UIC, Russian GOST and Chinese TB/T technical standards. Axtone is headquartered in Kanczuga, Poland and manufactures its products across six locations in Poland, Germany, Czech Republic and Russia as well as in a joint-venture in China.

“Together with Axtone’s management, we have successfully transformed the Company from a European freight buffer manufacturer to a global provider of customised solutions for shock absorption to the rail industry. During IK’s ownership, we supported two add-on acquisitions within railway springs as well as fostered a restructuring of the Company’s operations and footprint. Our investment in Axtone demonstrates IK’s ability to support CEE companies, particularly in terms of international expansion and the implementation of transformational agendas. We wish the Company and its management team the very best in their next step of development,” said Detlef Dinsel, Partner at IK and advisor to the IK 2004 Fund.

“The partnership with a new owner is a real acknowledgement of the achievements of Axtone, and we would like to thank IK for their support. Axtone is well-positioned to benefit from its unique technologies and brand recognition. We are pleased with the opportunity to join ITT’s legacy KONI brand, as we have a shared commitment to innovation, quality and unrivalled performance,” said Oliver Feicks, CEO of Axtone.

The transaction is expected to close in the first quarter of 2017, subject to customary closing conditions, including receipt of appropriate regulatory approvals.

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Ratos AB: Arcus prepares for IPO

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Ratos and its subsidiary Arcus (formerly ArcusGruppen), one of the leading wine and spirits suppliers in the Nordic region, intend to list the company’s shares on the Oslo Stock Exchange. A listing of Arcus is expected to deliver a strong and diversified long-term ownership base that can support the company’s continued growth strategy and strengthen its market position.

In 2005, when Ratos acquired Arcus, the company was predominantly a Norwegian spirits producer, which has developed under Ratos’s majority ownership into the Nordic region’s leading supplier of wines and spirits. In Norway, Arcus is market leader in wines and spirits and in the other Nordic markets, it is one of the leading players. The company’s best-known proprietary spirits brands include Aalborg Akvavit, Gammel Dansk and Lysholm Linie Aquavit. For wines, Arcus has both proprietary brands, such as Ruby Zin, and agency operations in which the company represents such producers as Masi and Francois Lurton.

Value creating strategic initiatives that have been implemented since 2005 include a divestment of non-core operations, greater focus on growth through Nordic expansion, a wider offering, acquisition of new brands and increased production efficiency. A major investment in a new production facility has been completed in Gjelleråsen, Norway, where production has been consolidated. Arcus now stands on a new platform for growth and its vision is to offer the best Nordic aquavit to the world and to offer the best global wines to the Nordic markets.

Arcus has enjoyed positive sales growth over the past 11 years, with an annual growth rate of approximately 11% since 2005. When the company was acquired in 2005, sales amounted to approximately NOK 863m with an adjusted EBITDA of about NOK 31m, while in 2015 sales amounted to approximately NOK 2,471m with an adjusted EBITDA of about NOK 274m. This strong performance has continued during 2016 with sales amounting to approximately NOK 2,572m and adjusted EBITDA to about NOK 340m per rolling 12 months as of 30 September 2016. Arcus’s nine-month results are part of the Ratos portfolio’s results, adjusted for Ratos’s holding, which will be published in the interim report on 10 November 2016.

“Arcus was a rough diamond when we acquired the company in 2005. It has been an extremely interesting growth journey, filled with every value-creating dimension. Together with management, we have transformed the company from being a mainly Norwegian spirits producer into a Nordic market leader. Arcus has created a platform for both continued growth and development. That is why we believe Arcus is well suited to a listing and look forward to welcoming more investors as shareholders in the company,” says Mikael Norlander, Investment Director at Ratos.

“I am very proud of Arcus’s strong consumer brands, our partners and our employees. We have track record of profitable growth and we want to continue to grow in our core business. We look forward to welcoming new shareholders and employees to take part in our continued growth journey on the stock exchange,” says Kenneth Hamnes, CEO of Arcus.

Ratos’s holding in Arcus amounts to 83%. More detailed information regarding a schedule and terms and conditions will be announced in conjunction with a decision being made on the listing. ABG Sundal Collier ASA and Skandinaviska Enskilda Banken AB (Publ), have been appointed joint global coordinators and joint bookrunners for the listing, with Carnegie AS as joint bookrunner. Advokatfirmaet Wiersholm AS will serve as legal advisor to Arcus and Ratos.

For further information, please contact:

Mikael Norlander, Investment Director Ratos, +46 8 700 17 00

Elin Ljung, Head of Corporate Communications Ratos, +46 8 700 17 20

Kenneth Hamnes, CEO Arcus, +47 952 92 049

Financial calendar from Ratos:
Interim report January-September 2016 10 November 2016

Ratos is an investment company that owns and develops unlisted medium-sized companies in the Nordic countries. Our goal as an active owner is to contribute to long-term and sustainable business development in the companies we invest in and to make value-generating transactions. Ratos’s portfolio consists of 21 medium-sized Nordic companies and the largest segments in terms of sales are Construction, Industrials and Consumer goods/Commerce. Ratos is listed on Nasdaq Stockholm and has a total of approximately 16,000 employees.

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Jacobs Douwe Egberts makes a pre – conditional offer for all of Super Group Ltd for S$1.30 per share in cash , backed by irrevocable commitments representing 60 % of shares issued

Singapore –Nov 3,2016 –
Super Group Ltd (SGX : S10.SI) (“SuperGroup”) and Sapphire Investments BV (“Sapphire”), an indirect wholly owned subsidiary of Jacobs Douwe Egberts BV (“JDE”),today announced that Sapphire has made a pre-conditional offer to acquire all the issued shares of SuperGroup,supported by irrevocable commitments received from
shareholders representing 60% of SuperGroup’s issued shares to tender their shares in the offer.This includes an
irrevocable commitment from YHS Investment,holding 11.69% of Super Group’s issued shares,whose undertakingto accept is subject to approval of its shareholders.

The offer will be at a price of S$1.30 per share or a total aggregate consideration of approximately
S$1.45 billion. The offer price represents a premium of:
approximately 34.0% over the last traded price per share as quoted on the Singapore Exchange on October 31
,2016, the date on which the shares were last traded on the Singapore Exchange prior to the trading halt on the shares which was called on October 31,2016;

and

approximately 62.6% over the volume weighted average share price of Super Group for the three month period ending
October 4, 2016, the last trading day of the shares prior to the date on which a query regarding trading activity was received on October 5, 2016 by Super Group from the Singapore Exchange.

The commencement of the offer is subject to the receipt of regulatory approvals.
The offer will be conditional upon Sapphire receiving more than 50%of Super Group’s issued shares being tendered
in acceptance of the offer. If Sapphire acquires 90% of the issued shares pursuant to the offer,
Sapphire intends to exercise its right to compulsorily acquire the remaining shares and privatise Super Group.

About Super Group.
Founded in 1987, the Company is a leading pan-Asian integrated instant food and beverage brand owner and manufacturer. Under its core Branded Consumer segment, the Company and its subsidiaries manufacture and distribute branded consumer products, primarily instant coffee and tea,
instant tea mixes and instant cereals, with a portfolio of over 160 instant beverage
and food products distributed in over 65 countries under multiple iconic brands such as
Super, Essenso, OWL and Nutremill. Under its complementary Food Ingredients segment, the
Company is one of the few companies in the world with raw material selection and manufacturing
capabilities in non-dairy creamer, instant soluble coffee powder and cereal flakes.
Super Group currently operates 15 state -of-the- art manufacturing facilities located in China, Malaysia, Myanmar,
Singapore, Thailand and Vietnam.

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IK Investment Partners to acquire ZytoService

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IK Investment Partners (“IK”) is pleased to announce that the IK VIII Fund has reached an agreement to acquire ZytoService Group (“ZytoService” or “the Company”), a leading compounder of pharmaceuticals for patient-individualised infusions, from the founders and Capiton. Financial terms of the transaction are not disclosed.

Founded in 2002, ZytoService is one of the largest industrially organised §13 AMG (‘Arzneimittelgesetz’) certified compounders for patient-individualised infusions applied mainly in oncology treatment in Germany. The Company is based in Hamburg, where it runs a state-of-the-art compounding facility.

“We are delighted to be working with IK going forward. ZytoService operates in an industry in which IK has extensive expertise, and with their support we will be well placed to further expand our competence and provide the best service to our customers,” said Enno Scheel, Co-Founder of ZytoService.

“We firmly believe in the strengths of partnering with IK. Together, we will continue investing in the business to better address the growing demands of the German healthcare market,” added Thomas Boner, Co-Founder of ZytoService.

Mr Enno Scheel and Mr Thomas Boner, Co-Founders and Co-CEOs of ZytoService will remain with the business in managerial roles, and will be shareholders alongside IK.

“Thanks to IK’s experience in the relevant sector, we quickly recognised ZytoService’s potential. We look forward to backing the management team and expanding the Company’s operational capabilities. We believe ZytoService is ideally positioned to develop further and provide highest quality services to its customers,” said Detlef Dinsel, Managing Partner at IK and advisor to the IK VIII Fund.

Completion of the transaction is subject to custom legal and regulatory approvals.

ZytoService will be the second investment of the 2016 established IK VIII Fund.

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EQT Infrastructure II to acquire CHEP Aerospace Solutions from Brambles

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EQT Infrastructure II to acquire the global leader in pooling, management, maintenance and repair of unit load devices for the aviation industry

Existing leadership team to remain in place and CHEP Aerospace Solutions to be rebranded to have its own unique identity

EQT Infrastructure committed to actively support the development of CHEP Aerospace Solutions through an industrial board of directors including senior leaders with aviation expertise

EQT Infrastructure II (“EQT Infrastructure” or “EQT”) has announced today to acquire CHEP Aerospace Solutions (the “Company”) from Brambles, a global supply-chain logistics provider. CHEP Aerospace Solutions is the global leader in pooling, management, maintenance and repair of unit load devices (ULDs) for the aviation industry. ULDs are containers and pallets used for transportation of cargo and baggage on aircraft and constitute a mission critical part of the aviation infrastructure.

CHEP Aerospace Solutions was established by Brambles in 2011 following the acquisition and integration of four leading ULD solutions companies. Through subsequent acquisitions and Brambles’ pooling expertise, the Company has become the global leader in pooling, management, maintenance and repair of ULDs for the aviation industry. Today, the Company generates around USD 80 million in revenues, owns and manages approximately 100,000 ULDs, and serves more than 90 airlines across an unparalleled network of 48 global services centers and 420 airports, supported by over 550 expert team members. EQT will support the continued development of CHEP Aerospace Solutions and will actively assist the company in capturing new growth opportunities.

The existing CHEP Aerospace leadership team will remain in place and will continue to focus on providing its world class customer service and delivering the very best solutions that create sustainable value for its clients. The Company is headquartered in Switzerland, along with regional operations centers in the United Kingdom, Thailand and the USA, in addition to global services centers in Europe, Middle East and Africa, Asia Pacific and the Americas. As part of the transaction, CHEP Aerospace Solutions will eventually be rebranded to have its own unique identity.

CHEP Aerospace Solutions President, Dr. Ludwig Bertsch, said: “We would like to place on record our thanks to the Brambles team whose support and expertise has enabled us to develop the world’s leading ULD management network. We are excited to join EQT Infrastructure, one of the world’s most respected infrastructure funds, which combines the very best people with the industry expertise in infrastructure management that will allow us to continue to grow and provide smarter solutions and unparalleled customer service to the aviation industry.”

Ulrich Köllensperger, Director at EQT Partners and Investment Advisor to EQT Infrastructure, said: “CHEP Aerospace Solutions provides critical infrastructure and services to the aviation industry and fits well with the EQT Infrastructure strategy of investing in medium sized operating infrastructure companies with opportunities for additional growth and development. The Company has a proven business model, an impressive customer base and a promising pipeline of prospective airline clients. The industrial board of directors including senior leaders with aviation expertise will support CHEP Aerospace Solutions in growing its asset base and offer pooling, management, maintenance and repair to more airlines globally.”

Tom Gorman, CEO of Brambles, said: “The launch of CHEP Aerospace Solutions in 2011 was part of Brambles’ strategy of leveraging its asset management and supply chain expertise to deliver value to customers across new industry verticals. Over the past five years, we have built a highly successful global business that now partners many of the world’s leading airlines. We are confident that the future growth of the Aerospace business will be well served under the ownership of EQT Infrastructure which has a dedicated focus on infrastructure and related services, with a proven track record of success. On behalf of everyone at Brambles, I would like to thank the CHEP Aerospace Solutions team for their commitment to becoming the industry-leaders they are today and we wish them every success for the future.”

The transaction is expected to close during November 2016.

Contacts:

Ulrich Köllensperger, Director at EQT Partners, Investment Advisor to EQT Infrastructure, +41 44 266 6800

Kerstin Danasten, EQT Press Contact, +46 8 506 55 334

About EQT

EQT is a leading global private equity group with approximately EUR 30 billion in raised capital. EQT Funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 15 billion and approximately 100,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

For further information, please visit: www.eqtpartners.com

About CHEP Aerospace Solutions

CHEP Aerospace Solutions owns and manages the world’s largest independent fleet of approximately 100,000 unit load devices (ULDs), for use in the aviation industry, and owns the largest global network for the maintenance and repair of ULDs and galley carts. The company focuses on the outsourced management and associated services for aviation containers, pallets and inflight food service equipment, and serves over 90 airlines through a network of more than 420 airports, 14 regional offices and 48 certified repair stations, supported by more than 550 colleagues.

For further information, please visit www.chep.com/aerospace

About Brambles

Brambles Limited (ASX: BXB) is a supply-chain logistics company operating primarily through the CHEP and IFCO brands. Brambles enhances performance for customers by helping them transport goods through their supply chains more efficiently, sustainably and safely. The Group’s primary activity is the provision of reusable unit-load equipment such as pallets, crates and containers for shared use by multiple participants throughout the supply chain, under a model known as “pooling”. Brambles primarily serves the fast-moving consumer goods (e.g. dry food, grocery, and health and personal care), fresh produce, beverage, retail and general manufacturing industries, counting many of the world’s best-known brands among its customers. The Group also operates specialist container logistics businesses serving the automotive, aerospace and oil and gas sectors. Brambles has its headquarters in Sydney, Australia, but operates in more than 60 countries, with its largest operations in North America and Western Europe. Brambles employs more than 14,500 people and owns more than 550 million pallets, crates and containers through a network of more than 850 service centres.

For further information, please visit www.brambles.com

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Ardian to acquire SLV from Cinven

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Frankfurt / Übach-Palenberg, October 28, 2016.
Ardian, the independent private investmentcompany, today announces that it has signed an agreement with Cinven to acquire SLV, a provider of lighting fixtures for the residential and commercial space.
The parties have agreed not to disclose details of the transaction.The completion of the transaction is
subject to the approval of the responsible antitrust authorities.

Founded more than 35 years ago and headquartered in Übach-Palenberg Germany, SLV has
experienced significant growth over the past decades and became a leading provider of lighting fixtures
in its core markets. With its assets-light business model, SLV offers its customers a diversified and innovation-
driven product offering from functional towards decorative lighting fixtures for indoor and outdoor use with
immediate availability of its products. Cinven acquired SLV in May 2011 from its founder and HgCapital
and strengthened SLV’s management team with the appointment of a new CEO, Robert Fellner-Feldegg, in
February 2014 and the appointment of Jens Aertgeerts as new CSO. With the support of Ardian as an
international and financially strong partner, SLV intends to continuously innovate its diversified productportfolio, strengthen its market leading position in Germany, further develop its international footprint and
exploit the opportunities of digitalization and online sales channels. The company’s growth is aimed to be
realized both organically as well as through selected acquisition opportunities in its fragmented market.

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Data Respons subsidiary Sylog acquires Atero AB

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Atero AB has 15 employees and are specialists within software development, system design and communication for embedded solutions and IoT.

The deal will further strengthen Sylogs strong position in Sweden within the R&D services segment. Data Respons has had 30% growth in revenue in Sweden year to date and the deal will further strenghten the position.

“We are very happy to announce that Data Respons has made another successful deal. It clearly proves that Data Respons is  able to deliver high organic growth as well as  acquiring new exciting businesses within the fast growing IoT space.  Additionally, the terms of the deals prove that the sellers believe in the synergies of joining Data Respons”, says Narve Reiten, deal partner at Reiten & Co.

The deal done on a 100% equity basis and Atero AB expect to deliver MSEK 20 in revenues with a 15% EBIT margin in 2016. The deal structure is part cash consideration and part earn out dependent on EBIT over the next 3 years.

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Ratos AB: Ratos divests Euromaint

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Ratos has signed an agreement to divest 100% of the shares in its subsidiary Euromaint, Sweden’s leading independent maintenance company for the rail transport industry, to SSVP, a mid-market private equity fund advised by Orlando Management. Enterprise Value amounts to SEK 650m. The divestment is not estimated to generate any exit results for Ratos.

Ratos acquired Euromaint in 2007 in conjunction with the ongoing deregulation of the train operator market. Throughout its history, the company has focused on delivery of high-quality rail maintenance services, thereby strengthening its market position as a leading maintenance provider for Sweden’s premium fleets, including Arlanda Express, X2000 and Stockholm commuter trains. The company has about 1,050 employees, with annual sales of approximately SEK 1,600m. The Euromaint German operations were divested in 2015 in order to streamline operations.

“Euromaint’s ability to deliver high quality services has strengthened the company’s position in the market for train maintenance. Ratos has owned Euromaint since 2007, and we believe that now is a good time for a new owner to take over,” says Lars Johansson, acting CEO of Ratos.

An agreement has been signed for the sale of 100% of the shares. The divestment is not estimated to generate any exit results for Ratos, taking into consideration the earlier announced impairment of book value that will be set in the third quarter accounts. The investment has generated a negative annual average return (IRR). The transaction is expected to be completed in the fourth quarter of 2016.

For further information, please contact:

Elin Ljung, Head of Corporate Communications, Ratos, +46 8 700 17 20, elin.ljung@ratos.se

Lars Johansson, Acting CEO Ratos, +46 8 700 17 00, lars.johansson@ratos.se

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Gimv invests in next phase of growth of MEGA International, a leading provider of Business and IT Transformation Software

GIMV

25-10-2016 07:30

Gimv acquires a 40% stake in MEGA International, a leading global software and consulting services company, which helps companies improve their business and IT agility to innovate in the digital world. MEGA’s offering has been recognized for years by customers and prominent analysts in enterprise architecture (EA), IT portfolio management (ITPM), business process analysis (BPA), and governance, risk, and compliance (GRC) markets. The other shareholders are Lucio de Risi (Founder/CEO) and the management-team of MEGA International. Over the coming years, the emphasis will be placed on the acceleration of the growth in the US, the ongoing SaaS[1]-transformation, and in extending the audience of its product offering.

MEGA International (www.mega.com) is a global software firm helping companies manage enterprise complexity by giving them an interactive view of their operations. In today’s fast-paced, and disruptive business environment, organizations must be forward-looking and agile to adapt to rapidly-changing markets, technologies, and regulatory requirements. MEGA International’s integrated set of software solutions, called HOPEX, and its consulting services, enables IT departments and/or executives gain the visibility and information they need to make the right choices for effective governance and for striking the right balance between capacity for innovation, cost optimization, and risk management when it comes to their IT strategies and digital transformation programs. MEGA has a global footprint with 8 offices around the globe (Paris – HQ, London, Berlin, Milan, Boston, Mexico, Casablanca, and Singapore). Moreover, it works with 25 business partners around the world. The company’s customers are mostly big, complex – often global – companies and government organizations, e.g. Fannie Mae, Crédit Agricole, UniCredit, Nissan, Eurocontrol, United States Department of Agriculture, SBB CFF, P&G, Gilead or Colruyt. Last year, MEGA International realized a turnover of EUR 43 million with almost 300 employees.

Gimv’s investment provides partial liquidity to the initial shareholders while preparing the company for the next phase in its development. It is the ambition in the coming 3 years’ time (i) to foster the growth among its existing clients and by signing up new customers, (ii) to establish an excellent track record in its already initiated transition to a SaaS offering, and (iii) to apply its software tools to even more applications towards a broader audience.

Gimv Smart Industries platform has a focus on innovative companies with strong technology expertise and headquarters in France, Benelux and DACH regions. During the last years, the team has built a successful track record within the sector of ICT companies, engineered products and advanced manufacturing.

Tom Van de Voorde, Partner in Gimv’s Smart Industries platform: “Globalisation, digitalisation, consolidation and regulation are driving the need for large corporations to have a clear view on and the ability to manage their IT systems. MEGA’s leadership team together with its employees have the vision and the long experience in creating value for their customers by serving their needs and increasing their competitive positioning. We are truly delighted to join this partnership.”

Lucio de Risi, CEO and Founder of MEGA International: “I am very enthusiastic about this partnership and believe Gimv can bring a lot of value through their software expertise and experience in accompanying ambitious entrepreneurs in their international growth”.

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