Category Archives: News

Eurazeo signs an agreement to invest in Neoxam, a provider of front-office, middle-office and back-office software for financial institutions

Eurazeo

Eurazeo, via its Small-Mid Buyout team is today announcing the signature of an agreement with a view to investing in NeoXam, alongside its founder Serge Delpla and its management team led by Florent Fabre.

Under the agreement, Eurazeo would invest more than €100 million, thus becoming the group’s majority shareholder. Historical partners (led by Cathay Capital and BPI), shareholders since 2018, would sell their share in this occasion.

NeoXam was created in 2014 following a carve-out from Sungard and a series of acquisitions adding complementary solutions. It now has 550 employees, of which half in R&D, across 15 offices worldwide. The company provides “data-centric” solutions used by more than 120 clients – large asset managers, financial institutions, and global banks – to structure their IT systems. NeoXam solutions cover everything from Front Office (Portfolio Management System) to Back and Middle Office, accounting (NAV) and regulatory and client reporting teams. Clients on all continents – in Europe, the US, Canada and Asia, particularly Singapore and mainland China – have chosen NeoXam for its functional and technological expertise.

Over the last four years, NeoXam has deployed its global growth strategy while also developing its business model. It has transitioned away from upfront licences to SaaS subscriptions, which now account for more than half of its revenue (€75 million) and make the company highly resilient.

Through its investment plan, Eurazeo is willing to support NeoXam in continuing ramping up growth, particularly in the Data Management and Reporting segments, and expanding internationally (particularly in Asia, the UK and US). Eurazeo also plans to provide NeoXam with its internal resources, helping NeoXam to pursue its buy-and-build strategy to complement its range of services and client base, and to accelerate its international expansion.

To achieve this, Eurazeo would give NeoXam access to its global network and expertise in developing businesses throughout their growth phase, in order to strengthen the global leading position of this asset management solution provider.

Serge Delpla, founder of NeoXam, said:

“With Eurazeo’s support, NeoXam could add a new dimension to its international growth strategy. Our products, which are used by most of the global top 20 asset managers in locations such as NY, London and Singapore, have proven their value as extraordinarily useful tools, particularly in the rapidly developing fields of Data Management and Reporting. Eurazeo would be an ideal partner, combining extensive investment capabilities, an exceptional international network and a rare understanding of the entrepreneurs it supports. We hope to enter into a partnership in the very near future, to enable NeoXam to reach its full potential.”

Florent Fabre, Managing Director of NeoXam, added:

“We are confident that Eurazeo is the best partner to accompany NeoXam in the next chapter of our story. On top of all the resources that Eurazeo can offer, its teams share with us the same human and entrepreneurial essential values, which will help us to work together to complete the next phase of our growth strategy. We will more than ever focus on the continuous investment in our solutions, client satisfaction and our workforce fulfilment.”

Pierre Meignen, Managing Director of Eurazeo’s Small-Mid Buyout team, said:

“The opportunity to work alongside NeoXam fits perfectly with our investment strategy. The company has an extremely resilient business, its core business areas displaying growth over 20% p.a. Its strong global presence will help boost growth and its teams are immensely talented.”

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Lutech, backed by the Apax Funds, enters into exclusive negotiations to acquire Atos Italia S.p.A., creating a new leader in digital transformation

Apax

Lutech, an IT services, software and technology company in Italy and other parts of Europe, and a portfolio company of funds advised by Apax Partners LLP (“Apax Funds”), today announced it has entered into exclusive negotiations with Atos Group to acquire Atos Italia S.p.A.[1] (“Atos Italia”).

Operating across 6 diversified verticals, and servicing major Italian companies, Atos Italy has built a very solid franchise and benefits from a strong reputation in the IT services market, with a total of approximately 1,600 skilled employees in over 5 sites across the country.

Following the acquisition of Lutech by the Apax Funds in 2021, this transaction is an important step towards creating a market leader in the rapidly evolving digital transformation sector. This combination will help drive increased scale, strengthen Lutech and Atos Italia’s offering by adding complementary expertise, while also bolstering their presence in strategic sectors. The integration between the two companies will take place gradually, ensuring business continuity and high level of customer service and support.

“This is an important announcement that brings together two major players in the Italian IT market”, announced Tullio Pirovano, CEO of the Lutech Group. “Today’s news is a fundamental step towards achieving our goal, in partnership with Apax, of creating a leading Italian company in the digital transformation space. This transaction brings together two cutting-edge companies, combining our skills and cultures and consolidating our leadership position as an end-to-end player in the digital market.”

Gabriele Cipparrone, Partner at Apax, added: “We are proud to partner with Lutech in this transaction. When the Apax Funds first invested in Lutech we saw the opportunity to consolidate the Italian IT services market, and this transaction is a crucial step in that process. By combining the complementary scale, expertise, and capabilities of Lutech and Atos Italia into one group, we are creating a leading provider in the market that can offer an even wider suite of products and services to clients across a more diversified set of sectors. We are excited to partner with both teams to deliver on our ambitious growth plans.”

“A new leading company will be born to enhance the country’s digital growth and support our customers.” declared Giuseppe Di Franco, President and CEO of Atos Italia. “The entire management team is proud to announce that today we have taken a further step in the consolidation of the Italian digital market. The new company will benefit from continued cooperation with the Atos Group to manage global operations in Italy and abroad. We will be able to use the combined skills of Atos Italia and Lutech, and our complementarity will allow us to better serve companies in their digital transformation journeys.”

Lutech and Apax Partners LLP were supported by several advisors, including Bain & Company (commercial advisor), Legance (legal advisor), PCB Partners (M&A advisor), and PWC (financial and tax advisor).

The transaction is subject to the consultation with representative bodies and other regulatory approvals, with closing expected in H1 2023.

 

About

Lutech Group

Lutech Group, Italian leader and European player in ICT services and solutions, supports the evolution of its clients by designing, implementing and managing end-to-end digital solutions, with a view towards continuous improvement which involves people and processes, technology and knowledge.

Evolution and transformation require a new way of interacting and connecting people, data and technologies. Lutech Group places at the foundation of the Digital Evolution five technological core entities designed to provide a complete and integrated offering, able to meet the manifold needs of digitization: LutechSolutions, LutechDigital, LutechCybersecurity, LutechServices and LutechCloud.

For more information, visit www.lutech.group

About Apax

Apax Partners LLP (“Apax”) is a leading global private equity advisory firm. For 50 years, Apax has worked to inspire growth and ideas that transform businesses. The firm has raised and advised funds with aggregate commitments of more than $60 billion. The Apax Funds invest in companies across four global sectors of Tech, Services, Healthcare, and Internet/Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For further information about Apax, please visit www.apax.com

 

[1] The transaction will not include Atos Italia’s UCC operations and EuroHPC’s contracts.

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Blackstone Commits up to $359 million (INR 2,904 crore) to Acquire a Majority Stake in R Systems

Blackstone

Mumbai and Noida, India, November 17, 2022 – Blackstone (NYSE:BX) today announced that private equity funds managed by Blackstone (“Blackstone”) have signed definitive agreements with Satinder Singh Rekhi and other current promoters to purchase a majority stake in R Systems International Limited (“R Systems”).

R Systems, founded in 1993 by Satinder Singh Rekhi, is one of the leading providers of digital Information Technology services, specializing in product engineering, and serves over 250 customers in technology, media, telecom, and financial services sectors globally. R Systems is a partner of choice for enterprise customers with a strong suite of capabilities in product engineering, artificial intelligence, data analytics, internet of things, robotic process automation and cloud, employing over 4,400 people across 18 delivery centers in North America, Europe, Asia Pacific, and India. R System’s revenue for the last twelve months, as of September 30, 2022, was INR 1,445 crore (~$189 mm), registering a 36% year on year growth.

Satinder Singh Rekhi and the other promoters currently hold ~52% stake in R Systems, which Blackstone will acquire for INR 245 per share. Blackstone will also launch a conditional delisting offer, at a price of INR 246 per share. The transaction is expected to be completed in the coming months, subject to customary closing conditions and regulatory approvals. Dr. Rekhi will continue to guide the company in his role as a non-executive advisor.

Mukesh Mehta, Senior Managing Director at Blackstone, said: “R Systems has been a reliable long-term partner to marquee global customers, guiding them on their digital transformation journeys. Their domain knowledge, service quality and global delivery centers make them a partner of choice for their customers. As a leader in outsourced software product development, R Systems is well-positioned to benefit from digitalization tailwinds, shorter product launch cycles and increased openness to outsource product development. This investment follows Blackstone’s long-standing conviction in IT services and builds on the firm’s robust track record in the sector globally. We are excited to partner with the current management team to support the company’s next phase of growth, both organically and through strategic acquisitions. I am aware of the great work that Dr. Rekhi has done in the field of the science of Happiness, and the Blackstone team is looking forward to working with him.”

Satinder Singh Rekhi, CEO of R Systems, said: “I am excited that our partnership with Blackstone will take R Systems on the path to its next level of growth. Today, R Systems is a well-known product engineering brand that attracts top-notch talent looking to work on cutting-edge solutions for our global clients. The company’s management team will be excited to welcome Blackstone and benefit from their scale, expertise, and global track record in IT services. Our employees, customers, and partners will gain immensely from this partnership with Blackstone. I am happy for my new role as an advisor to the company under Blackstone’s ownership.”

BDA Partners acted as the financial advisor to the sellers of R Systems. AZB & Partners acted as legal advisor to the sellers. KPMG, Cyril Amarchand Mangaldas and Simpson Thacher & Bartlett acted as advisors to Blackstone.

About R Systems
R Systems is a one of the leading providers of Information Technology services, specializing in digital product engineering. The firm partners with customers to enable or elevate their digital transformation with diversified digital offerings. Services and solutions span over five major business verticals i.e. technology, media, telecom and financial services.

The firm maintains 18 development and service centers to serve customers in North America, Europe, and APAC. With over 25+ years, the firm has been empowering organizations with 25+ offices worldwide and a workforce of 4,400+ professionals ensuring seamless services to clients across the globe.

About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $951 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and Instagram.

Blackstone Media Contact
Deepa Jayaraman
Deepa.jay@outlook.com
Tel: +91 90087 78681

Ellen Bogard
Ellen.Bogard@Blackstone.com
Tel: +852 3651 7737

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Regnology deepens last mile reporting expertise with b.fine acquisition Regnology, a leading software provider with an exclusive focus on regulatory reporting solutions, announces today that it has acquired b.fine, a Belgian RegTech firm which assists financial institutions on the enhancement of their reporting supply chain.

Nordic Capital

Founded in 2017 and headquartered in Belgium, b.fine has grown to a team of nearly 50 that serves over 30 institutional clients across banks, insurance companies and investment firms. b.fine  significantly reduces the regulatory burden for financial institutions by offering them an all-encompassing platform for managing their regulatory reporting processes.

It is the first platform that goes beyond regulatory reporting and fully digitises and automates the journey of a reporting team, allowing financial institutions to regain control and oversight of their different regulatory reporting streams.

b.fine’s cloud-enabled technology complements Regnology’s existing regulatory and supervisory reporting offering by enhancing its last-mile reporting capabilities and accelerating the firm’s ability to serve an extended pan-European market.

Rob Mackay, CEO of Regnology:
“b.fine has a fantastic track record of growth, and in delivering quality solutions to clients. Right from the start we were impressed by what the company has achieved in such a short space of time. We were attracted by the strong synergies between our offerings and are excited to pursue our combined ambition to address the evolution of regulatory reporting through the provision of an innovative product and service offering.”

Klaas Van Imschoot, CEO of b.fine:
“We are looking forward to becoming part of the incredibly successful team at Regnology, with a shared vision to help clients adapt to the demands of an increasingly complex regulatory system.”

Bert De Vriendt, CFO of b.fine
“By joining forces with Regnology, we believe we can allow for better integration between SupTech and RegTech, and utilise its strong connections to deliver greater automatisation and standardisation practices to new clients across Europe and beyond.”

About b.fine
b.fine, established in 2017, is a Belgian-based RegTech scale-up with an ambition to industrialize the regulatory reporting processes for financial institutions. It comprises a team of nearly 50  RegTech experts, leading financial institutions to the next era of regulatory reporting Today, more than 30 financial institutions in the Benelux rely on b.fine’s unique mix of services and solutions to transform their time-consuming reporting processes into an effective reporting supply chain. b.fine is part of the prestigious RegTech100, and its platform was recognized in 2022 as “Best Regulatory Reporting Solution” by RegTech Insight.

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Pelico raises 18.5 million euros to become te operating management system for manufacturers

Isai

Pelico, the factory operations SaaS platform that empowers manufacturers to deal with rising levels of complexity and volatility in their operations, today announced that it has raised $18M led by 83North and Serena with participation from La Famiglia & ISAI as well as multiple business angels such as Adrien Nussenbaum (Mirakl), Carsten Thoma (Hybris), Bastian Nominacher (Celonis)… This new fund will give the opportunity to Pelico to grow its team, significantly invest in its technology and expand its presence internationally.

Helping manufacturers deal with complex & volatile supply chains

Supply chain and manufacturing have become more complex than ever, with volatile demand, fragmented supply chains and an increasing complexity in products. Because operational context changes faster than the teams’ ability to plan, those teams spend their time firefighting these unplanned disruptions. This puts at risk revenue as sales are delayed, and margins as last minute solutions are costly. Pelico acts as an operations management system for factory teams. It empowers factory teams to:

  • continuously anticipate material availability issues,

  • act fast with AI-assisted recommendations and simulations,

  • quickly resolve issues with team collaboration over a common view of data.

Since its creation in 2019, multiple industry leaders in France, Germany and Switzerland chose Pelico across a diverse range of industries, from Aerospace with Collins Aerospace, to Defense with Safran or Luxury… Thanks to its experienced engineers and data scientists teams, Pelico helped Safran reduce parts shortages by 88% and Collins Aerospace reduced MRO cycle times by 50%.

“The complexity of operations in discrete manufacturing is constantly increasing as we are switching from a model of mass production to a model based on personalized products, reduced volumes and shorter cycle times. This complexity is also reinforced by recurring supply chain shocks (brexit, covid, ukrainian war…). Our job is to absorb all this complexity in order to help operational teams continuously monitor risks in the production chain and facilitate the decision-making process across the factory” explains Tarik Benabdallah, CEO and Co-founder of Pelico.

To continue its growth and become the Operating System of the modern factory, Pelico will open 50 new positions in France and in the US within the next 18 months. The company which opened an office in the US in 2022 aims to strengthen its international presence to support its customers with a global footprint. This fundraising will also give the opportunity to Pelico to invest in its technology and product, enabling its intelligent assistant to tackle more use cases for factory teams.

“The Covid crisis has created new challenges and an explosion of last-minute unplanned issues in factory operations and production planning. Pelico has enabled us, thanks to digitalization tools, to optimize and make our industrial risk management processes more robust.” Pauline Casta, SIOP and Material Manager at Collins Aerospace.

“The complexity of industrial operations has greatly increased in the pandemic and economic context of the last two years. To enable operational teams to manage their production in an optimal way, Pelico has developed a suite of analysis, collaboration and simulation tools that is unique on the market and can be deployed in only a few weeks. Two years after meeting founders Tarik, Mamoun, and Jonathan at the inception of Pelico, we are very excited to partner with them in this important expansion phase.” Xavier Lorphelin, Managing Partner at Serena

About Pelico

Pelico is a startup based in Paris created late 2019 by engineers coming from both the manufacturing and tech worlds. Pelico’s operations management system connects factory teams to manage daily volatility and deliver products on time, at cost. It empowers factory teams to continuously anticipate bottlenecks, act fast with AI-assisted recommendations, and collaborate across teams on the implementation of corrective actions.

About 83North

83North is a global venture capital firm with over $2.2B under management. The fund invests across all stages, in exceptional entrepreneurs, whose focus is to build global category leading companies.

83North has backed more than 85 companies including AeroScout (acquired by Stanley Black & Decker), Celonis, Hybris (acquired by SAP), iZettle (acquired by PayPal), Just Eat (LSE:JE), Marqeta (NASDAQ: MQ), Mirakl, Payoneer (NASDAQ: PAYO), ScaleIO (acquired by EMC), Vast, Vdoo (acquired by JFROG), Via, Wandera (acquired by Jamf) and Wolt (acquired by DoorDash).

About Serena Capital

Serena invests in bold ventures and provides them with an unrivaled level of expertise and operational resources in Paris and New York.

Serena’s portfolio can leverage an experienced team of Operating Partners and a very active C-Level community, the Serena Squad, open exclusively to present and past companies, each contributing to the other’s success.

Founded in 2008 by entrepreneurs for entrepreneurs, Serena’s core belief is that VCs should work for their organizations, not the other way around.

About La Famiglia

La Famiglia is a European seed and growth stage venture capital fund investing in technology companies that enable or disrupt large industries. We are backed by a selection of world-leading entrepreneurs from various industries that provide precious early market access, impactful partnerships and deep expertise for our portfolio companies.

More than a regular venture fund, La Famiglia serves as a trusted access platform creating unique relationships between the old and the new world, enabling real differentiated leverage on capital.

About ISAI

Nearly 300 successful entrepreneurs, who have invested in ISAI funds, and more than 50 ISAI-backed start-up co-founders share the collective ambition of co-writing great entrepreneurial stories. ISAI invests in differentiated projects run by ambitious teams that it selects rigorously and actively supports. ISAI Gestion, an investment management company approved by the AMF, with over €500 million under management, aims to finance and support high potential Tech companies, at the seed/post-seed stage (venture capital, ticket from € 150k ticket to € 3m with participations in successive rounds) or when they have already reached the break-even stage (Tech Growth/LBO, tickets from €5m to €50m).

About the business angels

  • Carsten Thomas – Founder Hybris, ex-SAP Executive

  • Adrien Nussenbaum – CEO Mirakl

  • Bastian Nominacher – CEO Celonis

  • Alex LeQuoc – CTO Datadog

  • Florian Douetteau – CEO Dataiku

  • Jonathan Benhamou & Clément Buyse – People doc

  • Charles Miglietti – CEO Toucan Toco

Categories: News

Blue Horizon launches sustainable food industry jobs board and talent network

Blue Horizon

Zurich, Switzerland, 15 November 2022 – Blue Horizon, a next-generation impact investor accelerating the transition to a new Sustainable Food System, today announces the launch of an industry-leading Jobs Board and Talent Network designed to match the industry’s brightest talent with live career opportunities.    

With over 200 active job listings already, Blue Horizon’s Jobs Board is one of the largest of its kind in the sustainable food space. The listings are updated automatically so the career opportunities are always fresh, with the number of opportunities to grow as Blue Horizon’s portfolio expands and its companies mature.

Additionally, the Blue Horizon Talent Network allows individuals to privately share their career interests with Blue Horizon’s entire ecosystem of 70+ companies so they can be actively recruited.

Hiring top talent is one of the biggest challenges for many startups and these tools help to reduce the friction in hiring for the whole industry and accelerate the transition to a new sustainable food system by creating a specialist job marketplace.

Robert Boer, Director at Blue Horizon, said: “One out of five meals we’ll eat in 2035 will be made from alternative protein. However, today there are still many challenges to be solved to reach this consumer adoption. Recruiting talent is one of the biggest challenges our industry faces and with the launch of our Blue Horizon Jobs Board and Talent Network we want to address exactly that. The timing for this launch couldn’t have been any better. We currently see massive layoffs in the tech space and these are exactly the talents we need, because accelerating the transition to a new sustainable food system requires a lot of technological innovation.”

Blue Horizon Jobs Board – https://jobs.bluehorizon.com/jobs

Blue Horizon Talent Network – https://jobs.bluehorizon.com/talent-network/login

 

Blue Horizon Launches Sustainable Food Industry Jobs Board and Talent Network (pdf)

Blue Horizon lanciert branchenführende Talent-Plattform (pdf)

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Tesi participates in Slush 2022 at Helsinki Expo and Convention Center during November 17-18th.

Tesi

Tesi’s investment teams will be present at Helsinki Expo and Convention Centre (Messukeskus) to meet with growth companies and funds. You can contact us beforehand through Slush’s Matchmaking tool and book a meeting at Slush.

We will also be co-organising two events at Slush. On Thursday, November 17th we will be hosting a lunch event for LP and GP investors together with Mountside Ventures, Slush and PwC. On Friday, November 18th, we will be hosting another lunch event together with Keva and Grove Street Advisors.

See you at Slush!

Picture: Slush / Petri Anttila

Tesi (Finnish Industry Investment Ltd) is a state-owned investment company that wants to raise Finland to the front ranks of transformative economic growth by investing in funds and directly in companies.  Our investments under management total 2.4 billion euros. www.tesi.fi | @TesiFII 

Categories: News

Infinitum raises $110 Million D-round

Next impact investment from Cottonwood Technology Fund: $110 MILLION D-ROUND FOR INFINITUM.

Funding to expand and deploy automation at 65,000 square foot facility to expedite production and meet a significant increase in demand for high-efficiency motors

November 8, 2022 – Austin, Texas – Infinitum, creator of the sustainable, breakthrough air core motor, today announced $30 million in additional growth capital from Riverstone Holdings Latin America, Alliance Resource Partners, Caterpillar Venture Capital and Cottonwood Technology Fund. The funds will be used to expedite commercial and industrial motor production by expanding and fully automating assembly at the company’s 65,000 square foot facility in Mexico to meet a significant increase in demand.         

The company also announced it has rebranded as Infinitum to support its mission of going beyond the limits of conventional motors to serve future generations. While the lifetime of traditional motors is typically 10-20 years, Infinitum goes beyond, delivering motors with class-leading efficiency and life expectancy. Infinitum motors are modular by design, making them easier to service, and allowing the housing, rotors, and stators to be reused multiple times.

“The world is increasingly moving towards electrification, which feeds the demand for more efficient electric motors and helps reduce greenhouse gas emissions across heavy industry, manufacturing, and HVAC applications,” said Juan P. Visoso, managing director of Riverstone Holdings Latin American office. “We’re excited to expand our investment in Infinitum, as part of our decarbonization strategy, so they can speed assembly and production in Mexico for their motors that are better for the planet.”

Electric motors consume more than half of the world’s electricity, with the general industry segment consuming 38 percent. Infinitum’s motor is 50 percent smaller and lighter, uses 66 percent less copper and no iron, and consumes 10 percent less energy. Infinitum motor components can be reused, allowing them to stay in service for decades.

“Partnering with our network of existing investors allows us to automate assembly in our dedicated facility so that we can scale production this year and next, to meet escalating customer demand for our highly efficient motors,” said Ben Schuler, founder and CEO of Infinitum. “Rebranding the company as Infinitum underscores our commitment to future generations by going beyond to produce motors that can power the world with less energy and waste because they are designed with circularity in mind.”

As part of its rebranding, Infinitum’s IEs Series motor for general purpose, commercial and industrial applications will be renamed to the Aircore EC. The IEm Series motor for mobility applications will be renamed to Aircore Mobility and the IEalt product line of alternators in development will become Aircore Power Gen.

To learn more about Infinitum, visit www.goinfinitum.com.

About Infinitum
Infinitum has raised the bar for a new generation of motor that is better for the planet and people. The company’s patented air core motors offer superior performance in half the weight and size, at a fraction of the carbon footprint of traditional motors, making them pound for pound the most efficient in the world. Infinitum motors open up sustainable design possibilities for the machines we rely on to be smaller, lighter and quieter, improving our quality of life while also saving energy and reducing waste. Based in Austin, Texas, Infinitum is led by a team of industry experts and pioneers. To learn more, visit goinfinitum.com.

About Cottonwood Technology Fund
Cottonwood Technology Fund is a top-decile performing early-stage venture capital fund. Its investment focus is on hard science and deep tech, providing (pre-)seed and early-stage funding to IP-driven companies. Cottonwood makes impact investments in Key Enabling Technologies such as Photonics, Micro- & Nanoelectronics, Advanced Materials, Nanotechnology, Medical Technology, Climate Tech, Advanced Manufacturing and Robotics. Cottonwood recently launched its third fund focused on startups from Northwest Europe and Southwest USA, regions with numerous national laboratories, major research universities and research centers.

Current and prior investments include Skorpios Technologies, Sarcos Robotics (NASDAQ: STRC), Exagen (NASDAQ: XGN), BayoTech, Sencure, Infinitum Electric, Flexiramics, FibeRio (acquired by Clarcor), xF Technologies, TriLumina (acquired by Lumentum), SoundEnergy, OPNT, BioFlyte, Circular Genomics and SmartNanotubes Technologies.
Visit https://www.cottonwood.vc for more information.

Press Release: https://goinfinitum.com/infinitum-electric-rebrands-as-infinitum-and-secures-30m-in-additional-growth-capital-to-expand-and-fully-automate-production-facility-in-mexico/

Skorpios Technologies, Inc.
☆☆☆☆☆
Cottonwood began working with me a year before they closed their first fund . Even though they weren ’t initially in a position to invest

…Read More

Steve Krasulick, President & CEO
Skorpios Technologies
Sencure
☆☆☆☆☆
We are gladly having Cottonwood Technology Fund on board as lead investor. They are very supportive on aligning strategy and execution. The first year they …

…Read More

Jurryt Vellinga, CEO
Sencure BV
BayoTech
☆☆☆☆☆
We would not exist, or certainly not in New Mexico, if it were not for Cottonwood. Until Cottonwood got involved we struggled to get attention …

…Read More

Justin Eisenbach, President and CEO
Bayotech Corp
Skorpios Technologies, Inc.
☆☆☆☆☆
Cottonwood began working with me a year before they closed their first fund . Even though they weren ’t initially in a position to invest

…Read More

Steve Krasulick, President & CEO
Skorpios Technologies
Sencure
☆☆☆☆☆
We are gladly having Cottonwood Technology Fund on board as lead investor. They are very supportive on aligning strategy and execution. The first year they …

…Read More

Jurryt Vellinga, CEO
Sencure BV

Categories: News

Regional Rail expands into Canada with acquisition of short-line rail portfolio

3I
3i-backed Regional Rail, a leading owner and operator of short-line freight railroads, has acquired a portfolio of freight rail assets located across western Canada from G3 Canada Limited. In addition to the Great Sandhills Railway, Regional Rail will acquire interests in three other freight rail assets located in western Canada. The rail portfolio serves a diversified set of industrial customers across a range of agricultural and energy end-markets.Al Sauer, President and CEO, Regional Rail, commented:

“We are looking forward to welcoming the employees of Great Sandhills Railway to our team and working together with our new partners to execute our top-line growth strategy.”

Rob Collins, Managing Partner and Head of North American Infrastructure, 3i, commented:

“The Great Sandhills Railway and other freight companies are a great addition to Regional Rail. We are excited to expand into the Canadian market, where we see significant industrial growth opportunities across the railroads. Since our initial investment in 2019, we have believed Regional Rail offers an attractive platform for consolidation and this acquisition further strengthens that conviction.”

Perry Pellerin, CEO, Great Sandhills Railway, and former President of the Western Canadian Short-Line Railway Association, commented:

“We appreciate the support G3 Canada has provided over the past several years and are excited to join the Regional Rail family of short-line railroads. The GSR shares Regional Rail’s focus on providing a high degree of customer service to our partners and we look forward to sharing best practices between our companies to help further grow our operations in Canada.”

Since partnering in July 2019, 3i and Regional Rail have more than doubled the size of Regional Rail with the acquisitions of ten freight railroads located across North America. The company provides freight transportation, car storage, and transloading services across the United States, in addition to freight rail services in western Canada. In addition to freight services, Regional Rail provides railroad crossing signal design, construction, inspection, and maintenance services to a diverse base of short-line and industrial customers in 20 U.S. states via the company’s Diamondback Signal subsidiary.

 

-Ends-

Download this press release   

 

For further information, contact:

3i Group plc

Silvia Santoro
Investor enquiries

Kathryn van der Kroft
Media enquiries

  

Tel: +44 20 7975 3258
Email: silvia.santoro@3i.com

Tel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com

 

About 3i Group

3i is a leading international investment manager focused on mid-market infrastructure and private equity, with core investment markets in North America and Europe. For further information, please visit: www.3i.com

About Regional Rail LLC

Regional Rail LLC is a freight transportation holding company headquartered in Kennett Square, Pennsylvania. The company provides freight rail transportation, car storage, and transloading services across the U.S. and western Canada, in addition to railroad crossing signal design, construction, inspection, and maintenance services via the company’s Diamondback Signal subsidiary. For further information, please visit: www.regional-rail.com.

Categories: News

Partners Group acquires EdgeCore Digital Infrastructure, a hyperscale data center platform in the US

  • Partners Group will invest up to USD 1.2 billion to fund the acquisition and buildout of existing and future data center sites
  • EdgeCore is a next-generation infrastructure platform that is set to benefit from global digitization themes driving demand for data center processing and storage
  • The Company signs long-term contracts with large Tier 1 data center users

Partners Group, a leading global private markets firm, has, on behalf of its clients, acquired EdgeCore Digital Infrastructure (“EdgeCore” or “the Company”), an owner, operator, and builder of hyperscale data centers in the US. Partners Group will invest up to USD 1.2 billion to fund the acquisition and buildout of existing and future data center sites.

Through this investment, Partners Group will acquire EdgeCore’s existing and under construction sites, and fund future acquisitions and buildout. Headquartered in Broomfield, Colorado, EdgeCore selects, builds, and commercializes data centers for the world’s largest cloud, internet, and technology companies. Data center contracts are often long-term, with customers charged a price based on their contracted power capacity, leading to highly visible cashflows. The Company is well-positioned to benefit from global digitization themes, such as the growth of cloud computing, machine learning, AI, and 5G technologies, which are driving increasing demand for data center processing and storage. Mobile data traffic in North America is expected to grow at 24% CAGR through to 2027[1].

Partners Group will work with EdgeCore’s experienced management team, which has over 140 years of combined industry experience, on its transformational value creation plan. Key initiatives include existing site expansion, acquiring and building future assets in the US, and expanding sustainability initiatives at its data center campuses.

Ed Diffendal, Managing Director, Co-Head Private Infrastructure Americas, Partners Group, says: “Through our thematic investing approach, we found rising demand for data centers in the US as service providers deploy more capacity to support businesses migrating to the cloud. EdgeCore is a unique next-generation infrastructure investment due to its strong portfolio of data center sites, advanced pipeline of shovel-ready assets in strategically important markets, and talented management team. We look forward to building out the platform.”

Tom Ray, Chief Executive Officer, EdgeCore, comments: “EdgeCore differentiates itself through a combination of superior site locations, excellent reliability, flexible customer solutions, and speed to market. We build data centers in areas that maximize our pool of potential customers and design them to the performance standards of the top hyperscale customers. We have identified a pipeline of opportunities across the US and believe Partners Group’s extensive experience working with infrastructure platforms, coupled with its financial resources, will enable us to execute on current and future opportunities.”

Fentress Boyse, Member of Management, Private Infrastructure Americas, Partners Group, adds: “EdgeCore has strong infrastructure characteristics and is set to benefit from structural tailwinds across the data center sector. Businesses are increasingly shifting IT infrastructure to scaled outsourced cloud service provider data centers, which have more efficient power and cooling capabilities. The Company is at an inflexion point in its growth journey and our transformational value creation plan aims to build a best-in-class sustainable digital infrastructure platform for the largest demand users in this market.”

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 was advised by Latham and Watkins, KPMG, Clifford Chance, and Ropes & Gray. EdgeCore was advised by Greenberg Traurig, RBC Capital Markets, and Ernst and Young.

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