Category Archives: News

Owl Rock leads $401 million financing for Arctic Wolf

Blue Owl logo

Owl Rock, a division of Blue Owl, leads $401M financing round for Arctic Wolf. Blue Owl’s David Jar and Ilan Aharoni commented that, “We are delighted to expand our partnership with Arctic Wolf. Arctic Wolf addresses several of the key themes we see across the cybersecurity landscape: the challenge of monitoring and securing increasingly complex IT environments, the difficulty in keeping pace with sophisticated threat actors, the need to unify disparate and sprawling toolsets, and the major talent shortage in security.”

To learn more about the transaction, please view the press release from October 6, 2022 below.

EDEN PRAIRIE, MN — Arctic Wolf®, a leader in security operations, today announced the closing of a convertible notes offering in the aggregate principal amount of $401 million, led by existing investor Owl Rock, a division of Blue Owl Capital, with participation from new and existing investors including Viking Global Investors, the Ontario Teachers’ Pension Plan, and funds advised by Neuberger Berman.

This announcement marks another milestone in Arctic Wolf’s journey, amidst a strong demand for end-to-end security operations solutions which has seen the Arctic Wolf Security Operations Cloud scale to become a leading data platform in cybersecurity, processing more than 2.5 trillion security events per week.

Building on strong demand for the Arctic Wolf Security Operations Cloud and the cybersecurity outcomes it helps enable across the entire security operations framework, Arctic Wolf’s business has continued to accelerate in the last year. Currently, Arctic Wolf serves over 3,000 customers that range from large enterprises to small and mid-sized businesses (SMBs), while working with a growing roster of over 1,100 channel partners worldwide that support our fast-paced, frictionless go-to-market model.

In the last twelve months, Arctic Wolf has also doubled its headcount driven by expansion into new global markets including most recently, South Africa, Benelux, and the Nordics, as well as an upcoming launch into APAC. This international expansion follows on the heels of Arctic Wolf opening its EMEA headquarters in Newcastle, England and the establishment of its first European security operations center (SOC) in Frankfurt, Germany.

As a leading technology company helping to define the security operations market, Arctic Wolf continues to develop new capabilities that advance its offering of a comprehensive range of technology and services designed to further the company’s mission to end cyber risk. Specifically, Arctic Wolf has recently introduced new incident response offerings via its Tetra Defense business unit, further enhanced its Security Operations Warranty offering, which offers eligible customers up to $1 million in financial assistance in the event of certain cyber attacks, and launched a new Data Exploration module which allows internal IT and security teams to quickly find answers to critical security questions with data that spans their security and IT toolset.

These new and enhanced offerings further extend Arctic Wolf’s leadership in the security operations space which continues to be highlighted by leading industry analysts and the IT and security user community. According to the Gartner® report, Market Share: Managed Security Services, Worldwide, 2021[1], Arctic Wolf was the fastest growing MDR Managed Security Service vendor by revenue in 2021. While on Gartner Peer Insights™, 99% of reviewers would recommend Arctic Wolf for Managed Detection and Response as of September 30, 2022. Arctic Wolf was also the only company to be named to all four of the Forbes Cloud 100, CNBC Disruptor 50, Fast Company Most Innovative Companies, and Fortune and Great Place to Work®’s Best Medium Workplaces lists for 2022, further underscoring the company’s place not just as an emerging force in cybersecurity industry, but across the technology sector as a whole.

“We’re delighted to expand our partnership with Arctic Wolf” said Ilan Aharoni, vice president at Owl Rock, a division of Blue Owl Capital. “Many businesses lack the expertise and resources to secure themselves against today’s growing challenges. Arctic Wolf’s continued growth and expansion amidst a tumultuous market is a testament to the strong value proposition of its one-stop cloud native platform coupled with its differentiated delivery model.”

“Arctic Wolf addresses several of the key themes we see across the cybersecurity landscape: the challenge of monitoring and securing increasingly complex IT environments, the difficulty in keeping pace with sophisticated threat actors, the need to unify disparate and sprawling toolsets, and the major talent shortage in security” said David Jar, managing director at Owl Rock, a division of Blue Owl Capital. “We’re thrilled to deepen our relationship with the management team as they continue their relentless focus on customers and executing against the market opportunity.”

“This latest investment is a testament to our opportunity to unify the market at hand through our security operations platform, while solving the ever-present cyber talent crisis,” said Nick Schneider, Arctic Wolf’s president and chief executive officer. “By bringing our holistic platform to our customers, we are bridging the security operations gap faced by businesses of all sizes. We are excited to leverage this latest financing round to continue our hypergrowth journey.”

Morgan Stanley served as financial advisor to Arctic Wolf and acted as the sole placement agent for the note offering, Cooley LLP served as Arctic Wolf’s legal counsel and Latham & Watkins LLP served as Owl Rock’s counsel.

[1] Gartner, “Market Share: Managed Security Services, Worldwide, 2021”, Hardeep Singh, Mark Wah, et al, April 11, 2022.

Gartner and Peer Insights are trademarks of Gartner, Inc. and/or its affiliates. All rights reserved. Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

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Antin successfully holds first close for Flagship Fund V, with more than €5 billion in commitments

Antin

Strong investor demand brings fund to over 50% of its target size, with a second close expected before year-end

Paris, London, New York

Antin Infrastructure Partners announced today that it has successfully held a first close for its fifth flagship fund, its largest to date, raising more than €5 billion to invest in infrastructure opportunities. Antin expects to hold a second closing before year-end.

With a target of €10 billion and hard cap set at €12 billion, Flagship Fund V will continue to seek controlling equity investments in the energy and environment, telecom, transport and social infrastructure sectors in Europe and North America. Strong demand resulted in a swift first close, demonstrating strong support from both existing and new investors for Antin’s approach to infrastructure investing and recognition of the firm’s successful 15-year track record of value creation.

The investment period for Flagship Fund V began on 2 August 2022, when Antin announced its majority investment in Blue Elephant Energy, a renewable energy platform focused on developing, acquiring, and operating solar and wind farms across Europe. The fund has a strong pipeline of additional actionable investment opportunities across its four sectors.

 

About Antin Infrastructure Partners

Antin Infrastructure Partners is a leading private equity firm focused on infrastructure. With approximately €27 billion in assets under management across its Flagship, Mid Cap and NextGen investment strategies, Antin targets investments in the energy and environment, telecom, transport and social infrastructure sectors. With offices in Paris, London, New York, Singapore and Luxembourg, Antin employs over 190 professionals dedicated to growing, improving and transforming infrastructure businesses while delivering long-term value to portfolio companies and investors. Majority owned by its partners, Antin is listed on Euronext Paris (Ticker: ANTIN – ISIN: FR0014005AL0).

 

Media Contacts

Antin Infrastructure Partners

Nicolle Graugnard, Communication Director

Email: nicolle.graugnard@antin-ip.com

 

Ludmilla Binet, Head of Shareholder Relations

Email: ludmilla.binet@antin-ip.com

 

Brunswick

Email: antinip@brunswickgroup.com

Tristan Roquet Montegon +33 (0) 6 37 00 52 57

Gabriel Jabès +33 (0) 6 40 87 08 14

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Ideagen and ProcessMAP to combine their strengths to create a world-leading health and safety software solution

HG Capital

Ideagen, a trusted name in software solutions for regulated industries, has today announced it has entered into a definitive agreement to acquire ProcessMAP.

“Both organisations share a common purpose, and this provides a compelling opportunity to do more to support the safe hands and quiet voices that protect the world. Adding ProcessMAP into Ideagen’s existing suite of solutions builds on our combined strengths and enhances the ways we support organisations to manage their quality, health, safety and environmental needs.”

Ben Dorks, CEO of Ideagen

Today’s announcement will see ProcessMAP become “ProcessMAP – an Ideagen solution” with customers benefiting from Ideagen’s expertise as a leading regulatory software provider and access to a wider portfolio of solutions including quality, collaboration audit, and risk management. It also provides an opportunity for Ideagen to enhance its health and safety offering to the 10,000 organisations it already supports worldwide.

“The increased importance of strong corporate ESG strategies has prompted our customers to think and act responsibly to ensure safe and ethical practices for employees and customers. By combining with Ideagen, we will create a category leading EHSQ software business, sharing talent, technology, innovation, and geographical reach to expand globally, leveraging each other’s infrastructure and customer base.”

Dave Rath, CEO of ProcessMAP

ProcessMAP’s existing customers are in good company, Ideagen helps the world’s top seven aerospace and defence companies, 15 of the top 20 pharmaceutical companies, nine of the top 10 accounting firms, over 250 hospitals in the UK and US and over 300 aviation organisations globally, to protect their businesses.

“We have, within our global footprint, a diverse mix of large corporations, small, and mid-market customers, whose need for software solutions increase as they grow in size, geographic spread, or place increasing importance on ESG reporting. This combination provides us with an exciting opportunity to support existing and new customers with a best-in-class health and safety solution that is appropriate to their needs and flexible enough to scale as they evolve.”

Ben Dorks, CEO of Ideagen

This will be Ideagen’s second acquisition of 2022 and the fifth since the summer of 2021, as it continues to strengthen its portfolio of software solutions for regulated industries.

Hg, a leading software and services investor, will remain as majority investor in the combined business.

“This is a significant milestone for both businesses and it’s exciting to see such strategic progress so early in our work together. Both Ideagen and ProcessMAP are high quality businesses, with complementary product suites and diversified regional cover across Europe, North America and APAC. Together the business will be better positioned to serve its customers and take advantage of the numerous tailwinds in regulation, compliance and ESG. We are looking forward to further expansion in the coming months.”

Christopher Fielding, Joris Van Gool and Jean-Baptiste Brian, Partners at Hg

The transaction is expected to close in 2022 and is subject to customary closing conditions.

NOTES TO EDITORS

For more information contact Rebecca Watson – Global PR Manager
Rebecca.Watson@ideagen.com or +44 (0)7899 755 636

About Ideagen

Ideagen is a leading provider of global regulatory and compliance software, serving highly regulated industries such as life sciences, healthcare, banking and finance and insurance. Its award-winning portfolio of software solutions support the safe hands that protect organisations, helping to minimise risk, strengthen compliance and keep people safe.

Over 10,000 companies use our solutions to help protect their organisations including over 300 global aviation organisations, nine of the top ten UK accounting firms, seven of the top global aerospace and defence companies and 15 of the top 20 global pharmaceutical companies.

Ideagen is headquartered in the UK, with key hubs in the UK, USA, Australia, Middle East and South East Asia.

About ProcessMAP

ProcessMAP Corporation, a leader in data-intelligence-driven smart environmental, health, and safety (EHS) software solutions, empowers global customers to make informed decisions today for a better tomorrow. Our platform gives customers the ability to automate, aggregate, track, and analyze their business operations to drive their EHS and ESG commitments.  ProcessMAP headquarters are located in Ft. Lauderdale, Florida, with innovation centers across the globe. The company supports customers in over 140 countries.  Visit https://www.processmap.com/ to learn more.

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 80,000 employees globally, growing at over 20% per year.

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DIF Capital Partners invests in leading global renewable energy platform Qair

Qair, a fast growing renewable energy platform company, and DIF Capital Partners, a leading global independent investment manager, are pleased to announce that they have signed a partnership agreement whereby DIF, through DIF Infrastructure VII, will invest in the company to accelerate its growth and portfolio build out.

Qair is an independent power producer that develops, owns, and operates multi-technology renewable energy projects. The platform is focused on a wide range of technologies including onshore and offshore wind, utility scale solar, energy from waste, hydroelectricity, (battery) storage, hydrogen production, as well as tidal energy. Qair is a global player with a presence in 20 countries. The majority of its activities are based in France, Poland, Germany, Italy, Spain and Brazil. The company has 550 employees and is headquartered in Paris, France.

Qair has an operational portfolio of c. 1 GW, which is mainly comprised of (onshore) wind (c. 75%) and solar projects, as well as a development pipeline of 25 GW. The company benefits from strong development capabilities and foresees to add around 4 GW of renewable projects over the next five years.

Louis Blanchard, CEO of Qair: “With my partners Jean Marc Bouchet and RGreen, and the broader Qair team, we are happy to welcome DIF Capital Partners and join forces to pursue the development of our group’s strategy. We are confident that with the entrepreneurial spirit that drives us both, DIF will offer us the best support in our mission to accelerate the energy transition, especially within the current complex energy market.”

Gijs Voskuyl, Partner at DIF and Head of Investments for DIF Infrastructure VII adds: “DIF is delighted to partner with Qair and its management team and support them in their next phase of growth. We believe the company has built up an excellent track record and an impressive pipeline across a wide range of renewable energy sectors and countries and is very well positioned to play a leading role in the continuous decarbonization of the global economy”.

Qair was advised by August Debouzy, PSP Avocats, NM Advisory, 8 Advisory, PwC, Niddam-Drouas and Drooms. DIF was advised by Astris Finance, KPMG, H3P, Clifford Chance, UL, DNV, Baringa and Marsh.

About DIF Capital Partners

DIF Capital Partners is a leading global independent investment manager, with ca. EUR 14 billion in assets under management across eleven closed-end infrastructure funds and several co-investment vehicles. DIF invests in infrastructure companies and assets located primarily in Europe, the Americas, and Australia through two complementary strategies:

  • DIF CIF funds, of which DIF CIF III is the latest vintage, target equity investments in small to mid-sized core-plus infrastructure companies in the telecom, energy transition, and transportation sectors.
  • Traditional DIF funds, of which DIF Infrastructure VII is the latest vintage, target core and build-to-core infrastructure equity investments with long-term contracted or regulated income streams including public-private partnerships, concessions, utilities, and energy transition projects (incl. renewable energy).

DIF Capital Partners has a team of over 200 professionals, based in eleven offices located in Amsterdam (Schiphol), Frankfurt, Helsinki, London, Luxembourg, Madrid, New York, Paris, Santiago, Sydney, and Toronto. For more information please visit www.dif.eu.

Contact: Thijs Verburg, t.verburg@dif.eu.

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Ideagen and ProcessMAP to combine their strengths to create a world-leading health and safety software solution

HG Capital

Ideagen, a trusted name in software solutions for regulated industries, has today announced it has entered into a definitive agreement to acquire ProcessMAP.

“Both organisations share a common purpose, and this provides a compelling opportunity to do more to support the safe hands and quiet voices that protect the world. Adding ProcessMAP into Ideagen’s existing suite of solutions builds on our combined strengths and enhances the ways we support organisations to manage their quality, health, safety and environmental needs.”

Ben Dorks, CEO of Ideagen

Today’s announcement will see ProcessMAP become “ProcessMAP – an Ideagen solution” with customers benefiting from Ideagen’s expertise as a leading regulatory software provider and access to a wider portfolio of solutions including quality, collaboration audit, and risk management. It also provides an opportunity for Ideagen to enhance its health and safety offering to the 10,000 organisations it already supports worldwide.

“The increased importance of strong corporate ESG strategies has prompted our customers to think and act responsibly to ensure safe and ethical practices for employees and customers. By combining with Ideagen, we will create a category leading EHSQ software business, sharing talent, technology, innovation, and geographical reach to expand globally, leveraging each other’s infrastructure and customer base.”

Dave Rath, CEO of ProcessMAP

ProcessMAP’s existing customers are in good company, Ideagen helps the world’s top seven aerospace and defence companies, 15 of the top 20 pharmaceutical companies, nine of the top 10 accounting firms, over 250 hospitals in the UK and US and over 300 aviation organisations globally, to protect their businesses.

“We have, within our global footprint, a diverse mix of large corporations, small, and mid-market customers, whose need for software solutions increase as they grow in size, geographic spread, or place increasing importance on ESG reporting. This combination provides us with an exciting opportunity to support existing and new customers with a best-in-class health and safety solution that is appropriate to their needs and flexible enough to scale as they evolve.”

Ben Dorks, CEO of Ideagen

This will be Ideagen’s second acquisition of 2022 and the fifth since the summer of 2021, as it continues to strengthen its portfolio of software solutions for regulated industries.

Hg, a leading software and services investor, will remain as majority investor in the combined business.

“This is a significant milestone for both businesses and it’s exciting to see such strategic progress so early in our work together. Both Ideagen and ProcessMAP are high quality businesses, with complementary product suites and diversified regional cover across Europe, North America and APAC. Together the business will be better positioned to serve its customers and take advantage of the numerous tailwinds in regulation, compliance and ESG. We are looking forward to further expansion in the coming months.”

Christopher Fielding, Joris Van Gool and Jean-Baptiste Brian, Partners at Hg

The transaction is expected to close in 2022 and is subject to customary closing conditions.

NOTES TO EDITORS

For more information contact Rebecca Watson – Global PR Manager
Rebecca.Watson@ideagen.com or +44 (0)7899 755 636

About Ideagen

Ideagen is a leading provider of global regulatory and compliance software, serving highly regulated industries such as life sciences, healthcare, banking and finance and insurance. Its award-winning portfolio of software solutions support the safe hands that protect organisations, helping to minimise risk, strengthen compliance and keep people safe.

Over 10,000 companies use our solutions to help protect their organisations including over 300 global aviation organisations, nine of the top ten UK accounting firms, seven of the top global aerospace and defence companies and 15 of the top 20 global pharmaceutical companies.

Ideagen is headquartered in the UK, with key hubs in the UK, USA, Australia, Middle East and South East Asia.

About ProcessMAP

ProcessMAP Corporation, a leader in data-intelligence-driven smart environmental, health, and safety (EHS) software solutions, empowers global customers to make informed decisions today for a better tomorrow. Our platform gives customers the ability to automate, aggregate, track, and analyze their business operations to drive their EHS and ESG commitments.  ProcessMAP headquarters are located in Ft. Lauderdale, Florida, with innovation centers across the globe. The company supports customers in over 140 countries.  Visit https://www.processmap.com/ to learn more.

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 80,000 employees globally, growing at over 20% per year.

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August Equity announces significant investment in OneTouch, including acquisition of tri.x

August Equity

August Equity has announced its investment into OneTouch. Led by founder and CEO Dermot Clancy, OneTouch is an end-to-end care management software platform that supports the management of all care delivery needs, from client and carer scheduling, HR management, incident tracking, care planning and family communications for care providers across Ireland and the UK.

August’s investment provides funding for the business to support its ambitious growth plans, including investment into sales and marketing, further product development and funding for strategic acquisitions that bring highly complementary software and service offerings to the group to benefit OneTouch’s customer base of care providers, including homecare agencies, care homes, local authorities and specialist care providers. Dr Sati Sian joins the board as Chairman, bringing a depth of experience across the technology and healthtech space.

As part of the investment, OneTouch has acquired Signis Limited, which trades under the tri.x brand and has been carved out from BGF-backed Antser Holdings. Tri.x is the market leader in the provision of effective online adult and children’s social care procedures solutions, supporting all Local Authorities and a number of independent care providers across England, and provides a highly complementary content-based offering to OneTouch’s software platform.

OneTouch and tri.x together offer care organisations a wealth of content, functionality and digital tools to support carers to deliver the highest quality care to clients, communicate easily with clients and families and ensure that carers have the maximum visibility and flexibility over their work schedules.

Christian Dubé and Katie Beckingham, August Equity, commented, “We are delighted to have invested in OneTouch and tri.x, bringing together two unique and valuable businesses in the care sector, at a time when digitisation and technology is at the forefront of care delivery. At August, we have a long history of investing in social care businesses and understand the challenges faced by the sector and the benefit that a truly end-to-end care management platform and compliance platform can bring to care providers. We look forward to working with Dermot, Sati and the team to continue the strong growth of the business to date.”

Dermot Clancy, CEO of OneTouch, said, “We are really excited for the next stage of OneTouch’s growth with August’s backing and experience scaling businesses and delivering acquisitions. Bringing tri.x into the OneTouch group provides our customers with a fantastic resource of policies, procedures and best-practice handbooks, which is a great addition to the software offering and functionality that we have built to support them in delivering the highest quality and most efficient care to their clients.”

Dr Sati Sian, Chairman of OneTouch, added, “Given the already proven unique assets that OneTouch and tri.x bring to the care sector, combined with August’s successful history of supporting businesses in the sector, I am really looking forward to working with Dermot and his excellent management team in driving OneTouch to its next stage of growth.”

August Equity was advised by CMS (legal), KPMG (financial and tax), CIL (commercial), Lockton (insurance), and Xaeus Blue (technology).

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TrustQuay secures Hg investment to further accelerate its vision to digitalise the Trust, Corporate and Fund Service sector

HG Capital

Fleet and London, United Kingdom. 4 October 2022. TrustQuay, a leading technology provider to the global trust, corporate and fund services industry, has today announced that Hg, a leading software and services investor, has become majority investor in the business.

TrustQuay provides entity management, client accounting, practice management, compliance and workflow software for trust, fund and corporate service providers around the world.

Over the next phase of growth, TrustQuay aims to scale further as a global leader by accelerating the digitalisation of this segment, including with the roll-out of TrustQuay Online, a brand new, sector-leading and feature-rich SaaS offering that will revolutionise how customers operate in this industry.

TrustQuay serves more than 360 customers and 26,000 users in over 30 jurisdictions, through eleven offices worldwide in key jurisdictions including Australia, Guernsey, Jersey, Luxembourg, Singapore, and the United Kingdom.

“Our mission is to automate and digitalise the trust, corporate and fund services software sector – offering our customers the combination of best functional capabilities with the most modern, up-to-date technology. This enables customers to digitally transform their businesses to become more efficient and differentiate themselves in the market.

“I’d like to thank Silverfleet Capital for their support over the last three years. We’re incredibly excited to reach this significant milestone and it is an excellent endorsement of our mission and progress over those three years. Hg has an amazing track record of supporting technology software providers to financial markets and we’re excited about what this new tech expertise and resource will deliver for our customers, our team and our industry.”

Keith Hale, Executive Chairman of TrustQuay

“At Hg we focus on SaaS and technology businesses that are leading their sector towards change and a better way of working. TrustQuay is an exciting business which is applying this vision to the trust, corporate services and fund industry, having developed a quality, modern product and with ambitious future plans.  To date we’ve aggregated over a decade of experience in fintech, investing over $1 billion in more than 10 fintech leaders in the last five years alone. We’re excited to apply this experience as we partner with Keith and a great entrepreneurial team.”

Richard Earnshaw, Director at Hg

“TrustQuay is a high-quality business, and we are delighted to have helped the company achieve its objectives under our ownership. We have again demonstrated our skills at executing a high-growth plan through both organic expansion and acquisitions, and our ability to help our portfolio companies undergo significant digital transformation. Our thanks go to the TrustQuay management team who have continued to build on the global leading position of the business and to roll-out major new releases of the software including TrustQuay Online.”

Ian Oxley, Partner at Silverfleet Capital

As part of the transaction, the TrustQuay management team continues in the business whilst the former majority owner Silverfleet Capital has fully exited its position.

The Hg team was advised by Skadden, Arps, Slate, Meagher & Flom LLP. The Silverfleet Capital team was advised by Eversheds Sutherland and Baird. The TrustQuay management team was advised by K&L Gates, Jamieson and BDO.

For further information, please contact:

TrustQuay:
Narrative
Simon Anderson
simon.anderson@narrative.uk.com
+44 7393 636 982

Hg:
Tom Eckersley
+44 (0)208 148 5401

Brunswick:
Azadeh Varzi
+44 (0)207 404 5959

Silverfleet Capital:
Citigate Dewe Rogerson
Patrick Evans / Camilla Wyatt
patrick.evans@citigatedewerogerson.com / camilla.wyatt@citigatedewerogerson.com
+44 (0)7774 133934 / +44 (0)7585 706829

About TrustQuay

TrustQuay is a global leader in technology for the corporate services, trust and alternative fund administration industry, offering the most functionally rich, scalable and secure front to back-office platform.

Serving more than 360 customers and 26,000 users in over 30 jurisdictions, TrustQuay has 11 offices around the world, including Australia, Guernsey, Jersey, Luxembourg, Singapore and the United Kingdom.

TrustQuay helps corporate services, trust and alternative fund administrators to reimagine their processes no matter where they are on their digitalisation pathway. We work with providers to help them consolidate data and systems onto a single digital platform, reduce regulatory burden, increase efficiencies and reduce costs through automation, and create competitive advantage via a clearly differentiated proposition for clients.

To find out more, contact us at info@trustquay.com or visit www.trustquay.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 and New York, Hg has a portfolio of over 45 software and technology businesses, worth over $100 billion aggregate enterprise value, with over 80,000 employees globally, growing at over 20% per year

Visit www.hgcapital.com for more information and sign up for the Hg Newsletter to stay updated with Hg and portfolio news.

About Silverfleet Capital

Silverfleet Capital has been a leading European mid-market private equity investor for more than 30 years building its track record across more than 120 deals, with €3.7bn of investments and €6.4bn of proceeds since 1990. Recent activity includes:

  • The sale of Care Fertility, a leading chain of fertility clinics in the United Kingdom
  • The sale of CoreDux, a leading designer and manufacturer of ultra-purified and specialised metallic hoses, based in Holland and France;
  • The acquisition of Digitall (previously ec4u & BULPROS), a leading European IT service provider in Digital Transformation, cloud-based digital solutions and Cyber Security;
  • The acquisition of OneStock, a European leader in modern and agile order management software (OMS) for retail

Silverfleet Capital specialises in creating value by identifying businesses within its core sectors that will benefit from selected macro growth criteria and then working with its portfolio companies to transform their growth prospects. These transformation strategies include investing to accelerate organic growth, increasing the international profile of each business, making follow-on acquisitions, and focusing on operational improvements.

Silverfleet Capital’s portfolio includes companies with headquarters across the UK and Ireland, the DACH region, Benelux and the Nordics.

To find out more:  www.silverfleetcapital.com

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Ratos company Speed Group to acquire Scandi Terminal

Ratos

Speed Group (Speed) has signed an agreement with Profura Gruppen regarding the acquisition of Scandi Terminal AB. With this acquisition, Speed is expanding its logistics offering to include niche solutions for bulk products.

Speed is one of Sweden’s largest providers of 3PL and 4PL services. With the acquisition of Scandi Terminal AB, Speed’s customer offering will be further expanded through the addition of warehousing, transport and repackaging of bulk products.

 

“The acquisition of Scandi Terminal AB is entirely in line with Ratos’ acquisition strategy, in which both larger and smaller add-on acquisitions in existing companies play an important role. With the acquisition of Scandi Terminal AB, Speed is taking another step in expanding its customer offering. It will create positive synergies for the customers, and bodes well for continued profitability,” says Christian Johansson Gebauer, Chairman of the Board of Speed Group and President, Business Area Construction & Services, Ratos.

 

“We have a stated acquisition strategy that focuses on profitable companies that can provide Speed’s customers with new service segments. As an operator in a niche with a great deal of potential, Scandi Terminal AB fits into this strategy well. With our experience and expertise in logistics, we are convinced that we have excellent opportunities to positively develop both the company and our customer relationships in the area,” says Mats Johnson, CEO of Speed Group.

 

Scandi Terminal, which operates out of Stenungssund, has been part of Profura Gruppen since 2006 and is an important provider of logistics and materials handling to customers in the process industry. The company’s sales in 2021/22 amounted to just over SEK 40m.

 

About Speed Group

Speed Group offers sustainable, flexible and innovative solutions to complex logistics and staffing challenges. Sustainability permeates the entire business, and the aim is to be carbon neutral by 2025. Speed has its head office in Borås, Sweden, and logistics centres in Borås, Gothenburg and Stockholm covering a combined total of more than 200,000 square metres. The company has sales of just over SEK 1 billion and approximately 1,600 employees.

For further information, please contact
Mats Johnson, CEO of Speed Group, +46 73 367 75 45
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21

About Ratos
Ratos is a business group consisting of 15 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2021, the companies have approximately SEK 26 billion in net sales. Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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Ardian and iCapital® partner to broaden private markets investment access for wealth managers globally

Ardian

Ardian’s network of wealth managers serving high-net-worth clients will gain streamlined access to Ardian’s offerings via customized technology and solutions powered by iCapital.

Ardian, a world leading private investment house, has entered into a partnership with iCapital, the leading global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, to provide wealth managers with access to Ardian’s private market investment strategies. Notably, iCapital products created as a result of this partnership will be available through Allfunds, one of the world’s leading B2B WealthTech platforms.

Ardian will leverage iCapital’s technology platform and structuring solutions to provide wealth managers and their clients with access to Ardian’s deep private markets expertise and suite of alternative investment strategies, based on its global network of 15 offices in Europe, the Americas and Asia. Ardian’s alternative investment strategies spanning Private Equity, Real Assets and Private Credit, will be available to wealth managers.

Private Wealth has always been an important part of Ardian’s investor base. Today, this segment represents more than $8.3 billion of AuM and over 600 investors. Over the past three years and following the launch of its Private Wealth Solutions unit, Ardian has been developing new ways to give private clients and wealth managers greater access to private market assets.

With more than $141 billion in alternative assets under management and long-standing experience as a private investment house, Ardian’s partnership with iCapital comes amid a surging interest in alternative investing from the global wealth management community and their clients, who have historically had more limited access to appropriately structured alternative investing opportunities. These investors are also increasingly prioritising ESG when making their investment decisions. Ardian has been developing its approach to responsible investment for over 10 years, notably through its annual Secondaries portfolio ESG monitoring. Ardian’s objective is to amplify its impact by assessing GP’s practices and actively engaging with them to improve ESG integration in private investments.

“In 2020, we launched our Private Wealth Solutions initiative based on our conviction that alternative investment opportunities should be accessible to wealth managers and their private clients around the world. Joining forces with iCapital ensures that wealth managers can now seamlessly access our broad expertise in Private Equity, Real Assets and Private Credit investing. Through this partnership, we are combining iCapital’s innovative technology platform with our long-standing commitment to meet the evolving demands of the global wealth management community, to bring a leading solution to wealth managers and help their clients achieve their investment goals.” Erwan Paugam, Head of Private Wealth Solutions and Managing Director at Ardian

“Our mission is to solve the fundamental challenges of investing in private markets for wealth managers and their private clients. iCapital’s solutions help asset managers and wealth managers facilitate their clients’ access to the growth and diversification opportunities of private markets. This partnership represents another important milestone in our global expansion. We are very pleased to support Ardian’s commitment to bring attractive alternative investment opportunities to the wealth management channel globally and to help advisors and their clients achieve their investment objectives.” Marco Bizzozero, Head of International at iCapital

ABOUT ARDIAN

Ardian is a world leading private investment house, managing or advising $141bn of assets on behalf of more than 1,300 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. We also provide a specialist service for private clients through Ardian Private Wealth Solutions. Ardian is majority-owned by its employees and places great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 900+ employees, spread across 15 offices in Europe, the Americas and Asia, are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

www.ardian.com

ABOUT iCAPITAL

Founded in 2013, iCapital is the leading global fintech company powering the world’s alternative investment marketplace. iCapital has transformed the way the wealth management, banking, and asset management industries facilitate access to private markets investments for their high-net-worth clients by providing intuitive, end-to-end technology and service solutions; education tools and resources; and robust diligence, compliance, and portfolio analytics capabilities. iCapital’s solutions enable organizations to streamline and scale their alternative investments operational infrastructure and to provide access to direct investments and feeder funds at lower minimums through simplified digital workflows. iCapital-managed platforms offer wealth advisors and their high-net-worth clients access to an extensive menu of private investments including equity, credit, real estate, infrastructure, structured investments, annuities and risk-managed solutions. iCapital has been recognized on the Forbes FinTech 50 list in each year 2018 through 2022, the Forbes America’s Best Startup Employers in 2021 and 2022, and MMI/Barron’s Industry Awards as Solutions Provider of the Year in 2020 and 2021. As of August 31, 2022, iCapital services more than US$138 billion in global client assets, of which more than US$32.7 billion are from international investors (non-US Domestic), across more than 1,100 funds. Employing more than 1,000 people globally, iCapital is headquartered in NYC and has offices worldwide including in Zurich, London, Lisbon, Hong Kong, Singapore, and Toronto.

icapitalnetwork.com

Media contacts

ARDIAN – HEADLAND

ardian@headlandconsultancy.com  

iCAPITAL – UNITED KINGDOM

Viktor Tsvetanov

icapital@headlandconsultancy.com Tel.: +44 (0)20 3435 7469

iCAPITAL – NORTH AMERICA

Morgan Miller

icapital@neibartgroup.com Tel.: +1 919- 602-2806

iCAPITAL – SWITZERLAND

Tanja Kocher

tanja.kocher@holisticom.ch Tel.: +41 31 311 43 48

iCAPITAL – ITALY

Marina Riva

m.riva@barabino.it Tel.: +39 02 72 02 35 35

iCAPITAL – ASIA

Marylene Guernier

icapital@secnewgate.hk Tel.: +852 5225 7820

Categories: News

Ligentia completes deal to acquire VGL Solid Group to form a diverse, customer-focused and responsive global supply chain management business

Equistone

Ligentia Group (Ligentia), a global tech-enabled supply chain manager, announced today that its acquisition of VGL Solid Group (VGL) is now complete. This further strengthens Ligentia’s position as a leading  provider of supply chain and logistics services, with revenues of over £1bn, accelerating its ambitions to leverage its technology and experience by growing into new, fast-growing territories and sectors.

“This is an exciting day for both Ligentia and VGL Solid customers and colleagues, and a natural extension from our highly successful joint venture, which we have operated together for nearly 10 years”, said Ligentia CEO Nick Jones. “We would like to give a warm welcome to Marcin and Grzeg, the VGL co-founders, and their management shareholders, who all become shareholders in our new combined business.”

Jones continued, “This is an important and significant step in a Growth Strategy that we set out with Equistone at the start of their investment in 2021. We are committed to continuing to invest in our technology platform, and an ambitious program of digitalisation and automation, but we also recognise the power of regional expertise and experience, and we believe that one of Ligentia’s key differentiators is its ability to combine technology and people in a way that gives customers quite a unique and tailored solution.”

This combination strengthens Ligentia’s presence on the Asia-Europe and Transpacific trade lanes, at a time when customers are facing increasing complexity in managing their international supply chains. Ligentia’s market-leading technology platform, Ligentix, provides its customers’ planners and logistics teams with full visibility through a SKU level control tower platform that connects factories, carriers, customs, warehouses and delivery to the end customer in a way that gives enhanced control over inventories anywhere in the world.

In 2021, Ligentia received significant investment from Equistone Partners Europe to deliver its ambitious growth plans. Commenting on the deal, Investment Director, Sebastien Leusch, and Director, Chris Candfield, said: “We are proud to support the Board in this acquisition which enables the business to expand into new geographies and sectors, continue to innovate its technology and strengthen its position in a dynamic market. The team have delivered exceptional growth over the last two years, including the launch of its US business, and we have been hugely impressed by the clear ambition to scale and build a diverse, customer-focused and responsive global supply chain management business.”

VGL founding members, Grzegorz Dobkowski and Marcin Gruchala will join the Ligentia Group Board, working alongside the existing Board members and Chairman Garry Watts.

The deal is financed with the support of Ligentia’s existing funders, Partners Group and Santander.  Ligentia has been supported in this transaction by Rothschild, DC Advisory, Squire Patton Boggs, KPMG, Roland Berger and Addleshaw Goddard. VGL Solid Group has been supported by PwC, GKW, Skadden, Żelaznowski & Głowiński and KPMG.

 

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