Category Archives: News

Torqx Capital Partners acquires majority of the shares of ELCEE and Prins Castings & Forgings

Torqx Capital

Torqx Capital Partners (“Torqx”) is pleased to announce that it has acquired a majority share in ELCEE, a leading fabless supplier of mechanical components and assemblies for a wide range of industries. The company is active in the (co-)development, design, engineering, sourcing, supply chain-and inventory management of mechanical engineered parts. ELCEE is headquartered in Dordrecht and operates through local offices across Europe combined with technical support centers in China, The Netherlands and Poland.

Together with Torqx Capital Partners ELCEE straightaway acquires Prins, a supplier of tailor-made castings and forgings, headquartered in the Netherlands with sourcing & test centers in China and India. The Prins acquisition will complement ELCEE’s current product portfolio, customer base and geographic reach. By joining forces with Prins, the company will be able to offer more value-added solutions to customers and leverage synergies in operations, procurement, and engineering.

Torqx has followed ELCEE with great interest over the last years and is very familiar with its end markets and business model via relevant experience from previous investments. On the back of deep industry understanding and extensive experience, Torqx will support the management team to realize ELCEE’s future organic (and inorganic) growth plans. It is Torqx’ ambition to help ELCEE further develop into the undisputed market leader in its core countries.

Peter Fluitsma, CEO of ELCEE states that: “With Rivean Capital’s support, ELCEE has evolved beyond its Dutch origins to become a pan-European industrial supplier driven by an active buy-and-build strategy. Coming from 9 separate operating companies and refining the ELCEE strategy as of 2018, we created a solid platform ready to facilitate the next phase of profitable growth. Going forward Torqx is a partner that shares our vision and values and has a proven track record of building better businesses in a wide range of manufacturing- technical distribution- and other, mostly B2B industries. With Torqx as our partner and Prins in our group, we will have more resources, capabilities and opportunities to grow and develop ELCEE further.”

Marcel Pot, CEO Prins Castings & Forgings; “With over 85 years of experience, Prins has become a prominent supplier specialised in castings and forgings. Our journey reflects a commitment to quality and innovation, leading us from our origins as a trading entity to our present role as a valued business partner. Joining forces with ELCEE represents a significant milestone. This strategic collaboration, supported by Torqx’s experience and proven track record in building businesses, promises new opportunities and synergies. Together, we’ll leverage our combined strengths and resources to deliver even greater value to our customers and establish our position as a global market leader in the industry.”

Rik Leunissen, Partner at Torqx, further states that: “Over the last years, ELCEE has proven itself as the go-to supplier for customer-specific, mission-critical engineered mechanical components and assemblies. We admire ELCEE as a thriving enterprise that has achieved notable success over the past years and is set for the next phase of accelerated growth. Also, we believe it provides a unique opportunity to both companies to combine ELCEE and Prins as one group – with that further solidifying its market leading position in the Benelux and increasing scale in a.o. the German market. This will allow the companies to be able to become even more successful using ELCEE’s and Prins’ combined market power and scale. We are excited to partner with- and support management in further refining and executing their strategy, leveraging Torqx’ extensive experience with similar businesses and deep industry understanding.”

For this transaction, Houthoff and DLA Piper acted as legal advisors to Torqx, with PwC providing financial and tax due diligence services.

About ELCEE
ELCEE is the go-to fabless supplier of mission-critical engineered and standard mechanical components and assemblies for leading manufacturing industries in North-West Europe. The company has approximately 250 FTE’s and is headquartered in Dordrecht, the Netherlands with local sales offices across Europe and technical support centers in China, The Netherlands and Poland. ELCEE provides in-house engineering support as well as quality control and inventory management and serves customers across the material handling, agri- & food processing, equipment manufacturing, construction- and shipbuilding industries, among others. ELCEE carries a strong engineering driven portfolio, as well as an assortment of products from world class brands Crosby, igus® and Wärtsila which are used as single assortments as well as in assemblies. For more information, please visit www.elcee.com.

About Prins Castings & Forgings
Prins is a supplier of tailor-made castings and forgings and helps out in the engineering, design, and quality control phases. Prins has approximately 50 FTEs, is headquartered in Amersfoort, The Netherlands and has locations in China and India to support local operations. Prins is stockholder for custom made products and serves a variety of industries a.o. railinfra-structure, earthmoving equipment, commercial vehicles, building and construction equipment. For more information, please visit www.primepro.eu.

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Regional Rail continues the expansion of its network in the Midwest via the acquisition of two short-line freight railroads

3I

3i-backed Regional Rail, a leading owner and operator of short-line freight railroads across North America, has agreed to acquire Indiana Eastern Railroad and Ohio South Central Railroad, which operate a combined 107 miles of mainline freight railroad across Indiana and Ohio. The rail lines serve an attractive set of industrial customers across a variety of end-markets, including food & agriculture and chemicals. The acquisition further expands Regional Rail’s existing Midwest U.S. presence, which it built out through the acquisition of the Effingham Railroad Company, South Point & Ohio Railroad, and Illinois Western Railroad Company in December 2022, in addition to the company’s freight rail operations at the Port of Indiana-Burns Harbor that commenced in October 2022.

Al Sauer, President and CEO, Regional Rail, commented:

“We are excited to partner with the existing teams at the Indiana Eastern Railroad and Ohio South Central Railroad to expand our operations in the Midwest and look forward to building on the companies’ track records of providing a high-quality service to their customers and driving additional growth.”

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

“We believe that these railroads are a great fit for Regional Rail’s strategy of partnering with strong local operators to help grow their business over the long term. We look forward to continuing to support the Regional Rail platform.”

George Andres, CEO of Indiana Eastern Railroad and Ohio South Central Railroad, commented:

“We are proud of what we have established and built with these railroads over many years and believe that Regional Rail is the perfect partner to continue our legacy and support our employees and customers going forward.”

Since partnering in July 2019, 3i and Regional Rail will have more than quadrupled the number of railroads under Regional Rail’s control, growing to 15 freight railroad operations located across North America. The company provides freight transportation, car storage, and transloading services across the United States and 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

Shareholder 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

Notes to editors:

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.

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BPEA EQT to commence Tender Offer to privatize Benesse Holdings, Inc. in partnership with its founding family

eqt

EQT is pleased to announce that BPEA Private Equity Fund VIII (“BPEA EQT”) has agreed to partner with the founding family of Benesse Holdings, Inc. (“Benesse”, or the “Company”, ticker symbol: TSE 9783) to commence a Tender Offer to privatize the Company. Benesse is Japan’s leading education and nursing care provider and is listed on Tokyo Stock Exchange. The Company’s board of directors has approved the Tender Offer and recommends that shareholders tender into the Tender Offer, once commenced.

Headquartered in Okayama, Japan, Benesse is Japan’s largest provider of education services for all ages and is a household brand within the domestic education sector. Moreover, the Company is also the largest operator of fee-paying nursing care homes in Japan and operates over 350 facilities nationwide. Benesse has over 16,000 employees and JPY 411.8 billion (USD 2.7 billion) in net sales as of FY March 2023.

Japan’s education sector is growing, driven by an increasing demand for adult training and reskilling of its labor force, as well as increased demand for eLearning modalities in the K-12 segment. The nursing care sector is also growing, driven by demographic tailwinds of Japan’s aging population. Together with the founding family, EQT aims to further accelerate Benesse’s growth, leveraging its vast experience from developing education and elderly care platforms worldwide.

With this transaction, BPEA Private Equity Fund VIII is expected to be 40-45 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication).

Please note that the commencement and consummation of the Tender Offer are subject to conditions.

Contact
EQT Press Office, press@eqtpartners.com

 

Regulations on Solicitation
This press release is intended to provide information relating to the Tender Offer to the public and has not been prepared for the purpose of soliciting an offer to sell shares. If shareholders wish to make an offer to sell their shares, they should first read the Tender Offer Explanation Statement concerning the Tender Offer and make an offer to sell their shares at their own discretion. This press release shall neither be, nor constitute a part of, an offer to sell or purchase, or solicitation to sell or purchase, any securities, and neither this press release (or a part of this press release) nor its distribution shall be interpreted to constitute the basis of any agreement in relation to the Tender Offer, and this press release may not be relied upon at the time of entering into any such agreement.

US Regulations
The Tender Offer shall be implemented in compliance with the procedures and information disclosure standards provided by the Financial Instruments and Exchange Act of Japan, which procedures and standards are not necessarily identical to the procedures and information disclosure standards applied in the United States. Specifically, Section 13(e) or Section 14(d) of the U.S. Securities Exchange Act of 1934 (as amended; “Securities Exchange Act”) or the rules promulgated under such Sections do not apply to the Tender Offer, and the Tender Offer is not necessarily in compliance with the procedures and standards thereunder. Any financial information in this press release has been prepared based on Japanese generally accepted accounting principles and may not necessarily be directly comparable to financial statements of companies in the United States. Also, because the tender offeror and the Company are corporations incorporated outside the U.S. and their directors are non-U.S. residents, it may be difficult to exercise rights or demands against them that can be claimed based on U.S. securities laws. In addition, shareholders may not be permitted to commence any legal procedures in courts outside the U.S. against non-U.S. corporations or their directors based on a breach of U.S. securities laws. Furthermore, U.S. courts are not necessarily granted jurisdiction over non-U.S. corporations or their directors.

The financial advisors of the tender offeror or the Company, and the tender offer agent and their respective affiliates may, within their ordinary course of business, purchase, or conduct any act toward the purchase of, the shares of the Company for their own account or for their customers’ accounts outside the Tender Offer prior to the commencement of, or during, the period of the Tender Offer in accordance with the requirements of Rule 14e-5(b) under the Securities Exchange Act to the extent permissible under the financial instruments and exchange laws and other applicable laws and regulations in Japan. If any information concerning such purchase is disclosed in Japan, the disclosure of such information will be made in the United States in a similar manner. 

The tender offeror and its affiliates may purchase, or conduct any act toward the purchase of, the shares of the Company prior to the commencement of the Tender Offer in accordance with the requirements of Rule 14e-5(b) under the Securities Exchange Act to the extent permissible under the financial instruments and exchange laws and other applicable laws and regulations in Japan, and to the extent described in this press release. If any information concerning such purchase is disclosed in Japan, the disclosure of such information will be made in the United States in a similar manner.

If shareholders exercise their right to demand purchase of shares less than one unit in accordance with the Companies Act, the Company may purchase its own shares during the tender offer period in accordance with legal procedures.

All the procedures in connection with the Tender Offer shall be taken in the Japanese language. While a part or all of the documents in connection with the Tender Offer may be prepared in English, the Japanese documents shall prevail in case of any discrepancies between Japanese documents and corresponding English documents.

This press release contains “forward-looking statements” as defined in Section 27A of the U.S. Securities Act of 1933 (as amended) and Section 21E of the Securities Exchange Act. The actual results may be grossly different from the projections implied or expressly stated as “forward-looking statements” due to known or unknown risks, uncertainties or other factors. None of the tender offeror, the Company or any of their respective affiliates assures that such express or implied projections set forth herein as “forward-looking statements” will eventually prove to be correct. “Forward-looking statements” contained herein were prepared based on the information available to the tender offeror as of the date of this press release and, unless required by laws and regulations, neither the tender offeror nor its related parties including related companies shall have the obligation to update or correct the statements made herein in order to reflect the future events or circumstances.

Other National Regulations
Some countries or regions may impose restrictions on the announcement, issue or distribution of this press release. In such cases, please take note of such restrictions and comply with them. In countries or regions where the implementation of the Tender Offer is illegal, even upon receiving this press release, such receipt shall not constitute a solicitation of an offer to sell or an offer to buy shares relating to the Tender Offer and shall be deemed a distribution of materials for informative purposes only.

About EQT
EQT is a purpose-driven global investment organization with EUR 232 billion in total assets under management (EUR 128 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia-Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

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

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AMCS acquires Figbytes to reinforce its commitment to ESG solutions for its customers globally

Clearlake

Adding FigBytes’ technical expertise and market presence will allow AMCS to offer a powerful EHSQ and ESG solution to serve clients worldwide

 

Limerick, Ireland/OTTAWA, Ontario, Canada – October 31, 2023 – AMCS, a leading global supplier of integrated cloud-based software and vehicle technology for the environmental, utilities, waste, recycling, and resource industries, announced today that it has acquired FigBytes, creators of the leading Sustainability Platform for impact-focused organizations, for an undisclosed amount.

 

This is the second strategic move for AMCS in the Environmental, Social, and Governance (ESG) space, following the acquisition of Quentic in June 2022. These recent acquisitions highlight the company’s commitment to invest globally in the environmental services industry. The strong market presence of FigBytes technology in North America is complementary to the presence AMCS has established in Europe. This acquisition will enable AMCS to better serve clients around the world with cloud-based SaaS solutions that help them reach their sustainability goals and manage increasingly complex regulatory reporting requirements.

 

“Our mission is to create an environmentally sustainable future for our clients and their families, and we are excited to have FigBytes join us in these efforts,” said Jimmy Martin, CEO of AMCS. “This acquisition underscores our mission to provide integrated, secure, and future-proof environmental software solutions that help clients across the globe accelerate their growth and sustainability.”

 

The FigBytes platform will further strengthen AMCS’ current offerings for ESG reporting and data management and complement the company’s existing capabilities. AMCS now has ESG expertise spanning Europe and North America and can offer global solutions for sustainability and compliance to customers, encompassing all the regulatory considerations of the different regions. For example, the new mandatory EU CSRD regulation will affect most companies at different times in the future. These companies must manage their ESG data and ensure auditable reporting through the ESRS reporting framework. For effective data management and accurate reporting and to fulfill requirements related to this regulation and others, FigBytes provides added value for AMCS customers.

 

“For nearly a decade, we have equipped sustainability leaders everywhere with robust tools, resources, and expertise in order to put their ESG and sustainability programs into action,” said Ted Dhillon, CEO and co-founder of FigBytes. “The combination of FigBytes’ award-winning Sustainability Platform and the AMCS suite of Environmental Software Solutions provides organizations with a unique, compelling offering and one of the clearest digital pathways to a more sustainable future while enabling them to comply with ESG regulations around the world.

 

I’m incredibly confident that our alignment with AMCS will unlock tremendous opportunities for organizations to make an even greater positive change for people and the planet.”

 

About FigBytes

FigBytes software platform helps customers track and report on their ESG targets in areas including carbon accounting, climate action, water impacts, and supply chain activities. The FigBytes system automates reporting and provides complete insight into ESG activities in a single platform. To learn more, visit https://figbytes.com/.

 

About AMCS

AMCS is a market leader in integrated software and vehicle technology for the environmental, waste, recycling, and resource industries and provides optimization solutions for the broader transportation and logistics market. AMCS helps more than 4,000 customers worldwide reduce operating costs, increase asset utilization, optimize margins, and improve customer service. The company’s enterprise software and SaaS solutions deliver digital innovation to the emerging circular economy around the world. Learn more at www.amcsgroup.com.

 

Media Contact:

Clara O’Mahoney

AM O Sullivan PR

Clara@amosullivanpr.ie

M +353 (87) 9261207

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Official launch: 819 Capital Partners

819 Capital Partners

With a resolute mission to drive innovation, growth and value creation, 819 Capital Partners officially announces its launch.

819 Capital Partners is a dynamic and forward-thinking investment firm specializing in venture capital, private equity, and corporate finance. The firm operates from offices in Deventer and Amsterdam.

Our mission is to drive innovation, growth and value creation for our partners through a diverse portfolio of investments, positively impacting key sectors.

Our vision is to invest in sectors that are changing as a result of an aging population, sustainability, and digitalization. We currently prioritize the healthcare, technology and leisure sectors, addressing the vital importance of healthcare, the necessity for technological advancement and the role of leisure in improving well-being.

Our activities include:

  • Venture Capital: Our venture capital investments are designed to ignite growth, propel startups to new heights, and turn ideas into reality. Our recently launched 819 Evergreen Fund has a focus on early stage ventures with a focus on deep-tech, addressing societal challenges in key sectors like healthcare.
  • Private Equity: We are dedicated to building and growing promising platform companies, organically and via add-on acquisitions. We invest in companies with strong market positions and where buy-and-build enables us to further accelerate growth and success.
  • M&A and Valuation: Next to investment activities, we are active in M&A and valuation services. We perform these activities for both our portfolio companies and as service for clients

819 Capital Partners extends a warm invitation to investors and companies looking for a strategic partner in their growth efforts. We are eager to connect and explore the possibilities together!

Categories: News

Unanet Launches New Asset, Inventory and Project Manufacturing Capabilities to Give GovCons the Scalable Solutions They Need for Complex Projects

JMI Equity

Acquisition of Flowtrac yields new capabilities to meet federal standards, automate tasks and improve productivity

Dulles, VA, November 1, 2023 – Unanet today announced new inventory and project manufacturing features for government contractors (GovCons). As the leading provider of enterprise resource planning (ERP) and customer relationship management (CRM) solutions for GovCons, Unanet is following through on its commitment to innovating its technology and meet the ever-growing needs of its customers. 

Carefully managing materials, inventory, assets, and the manufacturing process is a growing need among thousands of GovCons that deliver made-to-order products to their federal agency clients. From ruggedized laptops for the military to packaging vaccines for delivery, these products are highly specialized and require detailed and unique specifications along with ongoing project management, all of which must meet various compliance requirements. In addition to automating procurement, tracking government furnished property (GFP), supply chain management and other operations, Unanet’s customers can stay compliant by keeping inventory and manufacturing aligned with their accounting and ongoing project management.  

“GovCons told us they want these capabilities synchronized with their accounting and project management, so we listened and acted. We are committed to ensuring our customers have the tools they need for success,” said Craig Halliday, CEO of Unanet. “We’re effectively integrating best-in-class capabilities, so our customers have a one-stop-shop that meets all their needs upon implementation. Today’s news is just one more example of how we’re redefining what it means to be a customer-first solution provider.” 

Unanet’s inventory and project manufacturing capabilities come through a recent acquisition of Flowtrac Software, an exclusive Unanet partner who has fully integrated offerings within the Unanet platform. GovCons of all sizes such as Blue Halo and Innoflight have successfully integrated Unanet ERP with the Flowtrac tools.  

“The integration of Unanet and Flowtrac allowed us to streamline our processes and reporting to effectively manage procurement and inventory. We have seen reduced processing time and overhead costs while also getting everything we need for audit compliance,” said Patrick Lenahan, CFO of Innoflight. 

By acquiring the capabilities, Unanet now has the features as part of its platform, while also having the ability to invest in and refine the tools so they meet customers’ expanding needs. 

Available today, Unanet GovCon ERP with inventory and project manufacturing gives customers: 

  • Automatic connections between inventory, assets, manufacturing and finance. 
  • Simplified compliance with built-in guardrails and audit trails. 
  • Bill of materials (BOM) integration and project matching to track and allocate costs automatically.  
  • Ability to track products by quantity, lot, and even by serial/tag code. 
  • Inventory status and location down to aisle, bin and shelf. 
  • Receiving and ordering with BOM integration to automate backorder and task assignments. 
  • Customizable invoicing and billing workflows. 

Unanet’s acquisition of Flowtrac was a strategic move to add capabilities that will enrich the overall GovCon customer experience. Flowtrac will continue to provide industry-leading asset, inventory, and project manufacturing capabilities to the wide variety of industries it serves today. Currently, Flowtrac’s solutions are used by dozens of major GovCons and other successful companies.  

“Unanet’s customer focus, its drive to innovate, and its designation as a top workplace align closely with our culture, and our two companies complement each other perfectly,” said Stacy Tate, President and Founder of Flowtrac. “We are thrilled with the value our combined companies will deliver and look forward to a bright future, together.” 

“We welcome Flowtrac’s team and customer base to the Unanet family,” continued Halliday. “The possibilities for growth in a wide variety of industries and geographies are beneficial near-term and long. As a united team we will demonstrate true service and innovation, so our customers can achieve success on their terms.”  

About Unanet
Unanet is a leading provider of project-based ERP and CRM solutions purpose-built for government contractors, architecture, engineering, construction, and professional services. More than 3,700 project-driven organizations depend on Unanet to turn their information into actionable insights, drive better decision-making, maintain regulatory compliance, and accelerate business growth. All backed by a people-centered team invested in the success of your projects, people, and financials. For more information, visit www.unanet.com.  

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Warburg Pincus celebrates 10 years of investing in Vietnam

Warburg Pincus logo
  • U.S. Ambassador to Vietnam and Deputy Minister of Ministry of Planning and Investment of Vietnam speak to commemorate the event
  • The celebration marks a successful decade of investment, growth, and partnership in Vietnam
  • A substantial donation was announced to be made to support literacy program for primary school children, especially ethnic minorities, in Vietnam

Hanoi, November 9, 2023 – Warburg Pincus, the oldest private equity firm and a leading global growth investor, celebrates its 10th anniversary of investing in Vietnam. A celebration event was hosted in Hanoi with the attendance of Mr. Marc E. Knapper, U.S. Ambassador to Vietnam, and Mr. Tran Duy Dong, Deputy Minister of Ministry of Planning and Investment of Vietnam, along with senior leaders of the government agencies and business partners who have been pivotal in Warburg Pincus’ decade-long journey in Vietnam. On this special occasion, Warburg Pincus also announced a substantial donation of VND3.6 billion (US$150,000) to Room to Read, an international non-governmental organization (“NGO”) dedicated to improving education for children in Vietnam. This donation aims to support Room to Read’s Literacy Program for primary school children, especially ethnic minorities, across Vietnam.

Vietnam is one of Warburg Pincus’ top 5 investment destinations globally and currently the 3rd largest investment destination in Asia. Since 2013, Warburg Pincus has been at the forefront of investing in Vietnam, playing a significant role in the country’s economic growth and development. The company has invested nearly US$2 billion in businesses in Vietnam, making it the largest and most active global private equity investor in the country.

As a trusted partner of choice, Warburg Pincus has supported and partnered with best-in-class entrepreneurs across various sectors to drive innovation and sustainable development. Its equity investments range from real estate to financial services and technology, including BW Industrial, a leading logistics and industrial real estate platform in Vietnam; Vincom Retail, a leading retail real estate platform in Vietnam; MoMo, a leading digital financial services platform in Vietnam; Techcombank, a leading retail banking franchise in Vietnam; Lodgis, a leading hospitality platform and developer in Southeast Asia, and others. These industry leaders have collectively created more than 40,000 jobs across Vietnam, contributing to Vietnam’s economic growth and development. Additionally, the firm has completed two of the largest IPOs in Vietnam – Vincom Retail and Techcombank.

Chip Kaye, CEO of Warburg Pincus, in his opening remarks at the anniversary event, said, “Over the past decade, we have had the privilege of being part of Vietnam’s incredible growth journey. We have witnessed firsthand the remarkable progress that Vietnam has achieved under the leadership of its government, and we are proud to have played an important role in supporting the country’s economic development and transformation. Leveraging our global network, expertise, and capital, we have been able to support and build many industry leaders across multiple high-growth areas, contributing to Vietnam’s economic success. We are a strong believer in Vietnam’s future growth prospects and will remain steadfast in our commitment to the market in the decade ahead.”

Jeffrey Perlman, President of Warburg Pincus, announced the firm’s donation of VND3.6 billion (US$150,000) to Room to Read, an international NGO that has been dedicated to improving the lives of children through quality education and literacy programs in Vietnam for over 20 years.

“We would like to take this opportunity to share our deep appreciation for all of our partners and friends in Vietnam, whose passion and constant pursuit of excellence have been instrumental in getting us here today. Business success aside, we are immensely proud of the lasting value that we’ve created for our partners and the local community. Giving back to the community is deeply rooted in the firm’s DNA and we strongly believe that education is the key to unlocking the potential of individuals and improving their social and economic well-being. With this belief, we are truly excited about our new partnership with Room to Read to help improve literacy among children and ethnic minorities across Vietnam,” said Jeffrey Perlman.

***

Contact

Lisa Liang | Senior Vice President, Head of Marketing and Communications, China and Southeast Asia | E: lisa.liang@warburgpincus.com

Warburg Pincus

Warburg Pincus LLC is a leading global growth investor. The firm has more than US$84 billion in assets under management. The firm’s active portfolio of more than 250 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Since its founding in 1966, Warburg Pincus has invested more than US $113 billion in over 1,000 companies in more than 40 countries across its private equity, real estate, and capital solutions strategies. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com. Follow us on LinkedIn.

Warburg Pincus in Vietnam

Warburg Pincus started investing in Vietnam in 2013. Today, it has become the largest and most active global private equity investor in Vietnam, with nearly US$2 billion invested in the country. As a trusted partner of choice for entrepreneurs, the firm has built a strong track record as an investor in Vietnam, having backed business leaders, such as Vincom Retail, a leading retail real estate platform in Vietnam; BW Industrial, a leading logistics and industrial real estate platform in Vietnam; Lodgis, a leading hospitality platform and developer in Southeast Asia; Techcombank, a leading retail banking franchise in Vietnam; and MoMo, a leading digital financial services platform in Vietnam. These industry leaders have collectively created over 40,000 jobs, contributing to Vietnam’s economic growth and development. Additionally, the firm has completed two of the largest IPOs in Vietnam – Vincom Retail and Techcombank.

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Nordic Capital acquires majority share in IntegriChain, the only fully integrated platform for pharma commercialization and market access

Nordic Capital
  • Investment will accelerate IntegriChain’s ambitious growth targets and cement its status as a leading platform for pharma manufacturers to bring their science to market 
  • Further strengthens Nordic Capital’s record as a leading healthcare and technology investorNordic Capital has signed an agreement to acquire a majority share in IntegriChain, a leading provider of pharmaceutical technology, data, consulting, and outsourcing solutions designed to improve how life sciences products reach customers. IntegriChain delivers pharma’s only fully integrated platform for commercialization and market access, helping manufacturers bring their science to market while ensuring patients have affordable, timely, and sustainable access to therapy. Nordic Capital is acquiring the majority stake from Accel-KKR, a global software private equity firm, which first invested in IntegriChain in 2016.IntegriChain’s integrated ICyte Platform helps connect the commercial, financial, and operational dimensions of drug access and profitability. ICyte enables pharmaceutical innovators to achieve better commercial outcomes by digitalizing daily and recurring business activities and integrating data and operations across contracting, pricing, channel and distribution, and gross-to-net.

    “IntegriChain has established a significant position over the last 17 years as a leader in access and commercialization for life sciences – helping manufacturers of all size from strategy to operational execution. We are confident that the company will continue its already strong record of growth by helping customers address their most pressing market access challenges as the industry evolves. The fact that IntegriChain supports more than 400 pharmaceutical customers speaks to the quality of the platform, data, and services they provide. We’re certain that Nordic Capital’s experience supporting companies with similar ambitions, our extensive industry networks, and deep-sector knowledge will take the company to even greater heights,” said Daniel Berglund, Co-Head of Healthcare, Nordic Capital Investment Advisors.

    Josh Halpern, Co-Founder and CEO of IntegriChain, said: “We’re pleased to have Nordic Capital as a new partner to support us on our journey. We are immensely proud of the team at IntegriChain and how we help pharma manufacturers deliver winning commercialization strategies while optimizing their net revenue. With Nordic Capital’s invaluable healthcare and technology experience and expertise, I’m confident that this partnership will enable us to extend our position as a leading platform for pharma manufacturers to bring their science to market. We thank Accel-KKR for their many years of sound guidance and support to help us ready IntegriChain for this important next phase of our business development.”

    The terms of the transaction were not disclosed. Completion of the transaction is expected before year end and is subject to customary closing conditions, including relevant regulatory approvals.

    Morgan Stanley & Co. LLC and Harris Williams LLC are acting as financial advisors to IntegriChain. Evercore is acting as financial advisor to Nordic Capital.


    Media contacts:

    Nordic Capital
    Katarina Janerud
    Communications Manager, Nordic Capital Advisors
    Tel: +46 8 440 50 50
    e-mail: katarina.janerud@nordiccapital.com

    IntegriChain
    Jennifer Guinan
    Sage Strategic Marketing
    +1 610.425.8659
    jennifer@sagestrat.com


    About IntegriChain
    IntegriChain helps pharma manufacturers bring their science to market, ensuring patients have affordable, timely, and sustainable access to therapy. IntegriChain delivers Pharma’s only data-driven commercialization platform — from strategy to operational execution. The Company’s unique focus on data, technology, consulting, and outsourcing helps connect the commercial, financial, and operational dimensions of drug access and profitability. Through the ICyte Platform, IntegriChain enables pharmaceutical innovators to achieve better commercial outcomes by digitalizing daily and recurring business activities and by integrating data and operations across contracting, pricing, channel and distribution, and gross-to-net. IntegriChain is backed by Accel-KKR, a leading Silicon Valley technology private equity firm, and is headquartered in Philadelphia, PA, with offices in Ambler, PA, and Pune, India. For more information, visit www.integrichain.com or follow on LinkedIn.


    About Nordic Capital

    Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested EUR 23 billion in 140 investments. The most recent entities are Nordic Capital XI with EUR 9.0 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway, and South Korea. For further information about Nordic Capital, please visit www.nordiccapital.com.

    “Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures, and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”

     

    About Accel-KKR

    Accel-KKR is a technology-focused investment firm with $19 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for top-line and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs, and going-private transactions. Accel-KKR’s headquarters is in Menlo Park, with offices in Atlanta, London, and Mexico City. Visit accel-kkr.com to learn more.

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Second largest office letting in Hamburg in 2023: Ardian lets 15,000 sqm to new Fielmann headquarters

Ardian

Ardian, a world-leading private investment house, has signed a rental agreement for almost 15,000 m² of office space with Fielmann Group AG (“Fielmann”). Fielmann will relocate its headquarters to the Q21 Offices, located at Fuhlsbüttler Str. 399 in Hamburg-Barmbek, in mid-2025 and lease all of the office space on a long-term basis. The signing of the contract is the second largest office rental in Hamburg this year to date.

Ardian acquired the office and commercial building at the end of 2021. The current main tenant of the office space is Hochtief AG (“Hochtief”), which will remain in the building until March 2024.

Built in 2012, the building is being extensively upgraded by Ardian, with a focus on sustainability. The partially defective facade is currently being completely replaced by an attractive clinker brick facade with modern insulation, while  the common areas will be revised and the underground car park will be completely renovated. As part of the upgrade program, the existing DGNB Gold certification is to be expanded to include a BREEAM Excellent certification. Following Hochtief vacating the premises at the beginning of 2024, the office space will also be expanded to a modern, high-quality finish in line with Fielmann’s requirements.

In addition to the office space, there is attractive retail space for tenants on the ground floor of the complex with branches of Rewe, Denns Biomarkt, Budnikowsky and Targobank. There are also attractive dining options, which will soon be supplemented by another restaurant.

“We are pleased to have won Fielmann Group AG as a long-term tenant with the concept for the office space in Q21. The new lease is a perfect example of the current corporate trend of reducing office space and moving to higher quality, sustainably developed properties in locations with strong infrastructure. At the same time, the new rental is a positive signal for the Hamburg rental market.” Bernd Haggenmüller, Senior Managing Director Real Estate, Ardian

“With the comprehensive modernization, the property will be significantly upgraded, meeting Fielmann’s high standards regarding ESG criteria. We are also confident that the area around our building will benefit in the long term from this well-known anchor tenant.” Moritz Pohlmann, Director Real Estate, Ardian

LIST OF PARTICIPANTS

  • ARDIAN

    • ARCHITECTS BUILDING IMPROVEMENT: SHE ARCHITECTS
    • TENANT EXPANSION: OFFICE GROUP
    • ADVISOR TO LANDLORD: BNP PARIBAS REAL ESTATE
    • ADVISOR TENANT: CBRE
    • LAWYER LANDLORD: CLIFFORD CHANCE
    • TENANT ATTORNEY: NORTON ROSE

ABOUT ARDIAN

Ardian is a world-leading private investment house, managing or advising $156bn of assets on behalf of more than 1,470 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. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 17 offices in Europe, the Americas, Asia and Middle East 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.

ardian.com

PRESS CONTACT

ARDIAN

HEADLAND

ardian@headlandconsultancy.com

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Ratos takes an additional step in its investment in Nordic infrastructure and launches the Expin Group brand with Robert Röder as CEO

Ratos

Ratos is now gathering its operations within rail infrastructure under the Expin Group brand with Robert Röder as CEO. Expin Group will become a full-service provider of new construction, refurbishment and maintenance for all rail infrastructure owners in the Nordics. The new group structure creates better conditions for increased value generation, more transactions and more effective synergies between the companies.

Robert Röder has worked in rail infrastructure for his entire working life and has spent the last 25 years in senior roles. He most recently served as CEO of NRC Group Sverige, where his task was to consolidate and integrate several companies after acquisitions and to further develop the company, which he did with great success. Before this, he held several leading positions at Strukton Rail, including COO, CEO and Board member.

“Our Nordic infrastructure investment is developing rapidly. There is great demand for our services within infrastructure in all three focus areas: energy, roads and rail transport. Expin Group was formed to increase our ability and to meet demand for high-quality services within rail transport. With his extensive background and strong name in the industry, Robert Röder is the right person to work with all talented employees to take our operations to the next level,” says Christian Johansson Gebauer, Chairman of Expin Group and President, Business Area Construction & Services, Ratos.

“I’m pleased and proud over the confidence placed in me to lead Expin Group. There are significant advantages with a clearer structure in order to make it easier for us to focus on core operations: rail infrastructure. The Nordic market will grow sharply in the coming year. There is a great need for the construction of new tracks as well as maintenance of existing ones in order to ensure a punctual and safe journey for passengers and freight. Increased digitalisation will also increase the capacity of existing systems and thereby meet growing demand for rail transportation,” says Robert Röder, CEO of Expin Group.

“Rail infrastructure is also crucial to the successful transition to a long-term sustainable society. With its employees and passion for infrastructure, Expin Group is now helping to build a better tomorrow, which is meaningful as well as profitable,” continues Robert Röder.

David Skalin and Daniel Skalin, who founded NVBS, will serve in other operative roles and as Board members of Expin Group.

“We look forward to continue to develop and create value in our strong operations. Together with Robert Röder we’re taking the next exciting step in the Group’s development,” says David Skalin, co-founder of Expin Group.

The following operational companies are part of Expin Group:

  • Elektrosignal Infra – experts in electricity, signalling and telecommunications installations for rail infrastructure in Sweden.
  • NVBS companies – experts in critical infrastructure projects in Sweden and Norway.
  • Prador Infra – experts in projects and maintenance related to rail infrastructure facilities in Sweden.
  • Ratatek –  experts in electrification of rail infrastructure in Finland and Sweden.
  • Sportek – experts in construction of rail infrastructure in Norway.
  • Svenska Mätteknikgruppen – experts in surveying and mapping, machine work and planning.
  • TKBM Entreprenad – Experts in small construction contracts in Mälardalen.

Ratos will also continue to carry out infrastructure maintenance focused on roads in Norway and Sweden through the Norwegian company Presis Infra.

For more information, please contact:
Josefine Uppling, VP Communication, Ratos, +46 76 114 53 21, josefine.uppling@ratos.com
Robert Röder, CEO, Expin Group, +46 76 169 55 18, robert.roder@expin.se
David Skalin, co-founder, Expin Group, +46 76 316 61 36

www.expin.se

About Ratos
Ratos is a business group consisting of 17 companies divided into three business areas: Construction & Services, Consumer and Industry. The companies have approximately SEK 34 billion in net sales (LTM). 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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