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Eurazeo strengthens its asset management activities with a new organisation meeting the needs of its investors

Eurazeo

Christophe Bavière promoted Senior Managing Partner of Eurazeo and Head of Investment Partners

Paris, 5 October 2020

Eurazeo is a leading global investment company with more than €18.5 billion in assets under management and provides investors with valuable access to investment strategies diversified across asset classes, industry sectors and geographies. Currently, 65% of these assets are directly invested in companies’ equity or real assets. Similarly, the Group’s activities in private debt and secondary transactions make it a European leader in these areas and have seen steady growth for several years.

Underscoring the appeal of its investment strategies to investors, Eurazeo reached new heights with its fundraising bringing in €2.4 billion in 2019. Following a robust first half of this year, with €1.2 billion raised in unfavourable and uncertain market conditions, Eurazeo expects to build on this momentum over the remainder of the year, driven in particular by the success of the Eurazeo Growth III fund. This performance is not only the result of the renewed commitment and confidence of the Group’s long-standing institutional investor partners, but is also driven by Eurazeo’s increasing ability to attract new international partners.

In line with this growth trajectory and in order to offer investors services of the highest standards, Eurazeo today announced that it is strengthening its function dedicated to institutional investors and wealth management structures by bringing together the veteran management teams of Eurazeo and Idinvest. The Group’s teams who focus on maintaining and developing these relationships, are staffed by some 30 investment professionals. They are divided by specialisation, for each geographic region and type of investor (sovereign wealth funds, pension funds, insurance companies, wealth managers, strategic industrial partners, etc.) and cover all market segments seeing rapid growth (venture capital, growth equity, private debt, asset-backed securities, secondary transactions, funds of funds, real assets, and small and mid-cap buyouts).

Under the leadership of Christophe Bavière, appointed as Senior Managing Partner of Eurazeo and Head of Investment Partners, these teams will work to consolidate the Group’s leading position among French investors, increase its market share among international investors, particularly in the United States, Europe, the Middle East and Asia, and further diversify its client portfolio: from retail investors to large sovereign wealth funds, insurance companies and international pension funds.

By strengthening its ability to offer its investors the best possible service, Eurazeo is intensifying the execution of its growth strategy across all its activities, building on its capacity to generate predictable and recurring revenue over the long term, consolidating its international business network to an even greater degree, and reaffirming its ambition to become the benchmark player among investment platforms in Europe.
Christophe Bavière, Senior Managing Partner of Eurazeo, said:
I am very happy with these responsibilities, which confirm the ambitions of our Group. We serve our clients with a range of funds as well as dedicated investment solutions. We also offer them targeted and diversified investment vehicles, which go hand in hand with a robust approach to managing ESG factors.

About Eurazeo
• Eurazeo is a leading global investment company, with a diversified portfolio of €18.5 billion in assets under management, including €12.9 billion from third parties, invested in over 430 companies. With its considerable private equity, real estate and private debt expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its nearly 300 professionals and by offering in-depth sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term.

• Eurazeo has offices in Paris, New York, São Paulo, Seoul, Shanghai, London, Luxembourg, Frankfurt, Berlin and Madrid.

• Eurazeo is listed on Euronext Paris.
• ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA
EURAZEO
EURAZEO

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Rabobank, Fonds de solidarité FTQ, CDPQ and Fondaction invest $150 million in Sollio Cooperative Group

Cdpq

Sollio Cooperative Group, the largest Canadian agricultural coop with roots in Quebec, is pleased to announce that Rabobank Capital, Fonds de solidarité FTQ, Caisse de dépôt et placement du Québec (CDPQ) and Fondaction will invest $150 million in its organization.

The amounts invested will be paid into Sollio Cooperative Group’s share capital as preferred shares. The proceeds of this subscription will go toward optimizing and modernizing production and supporting the product offerings from Québec and Canada.

“We’re at the tail end of a period of major growth, and this investment will help accelerate our optimization process by facilitating digitization and innovation, maintain our leadership in agri-food and retail in Québec and Canada, and mitigate the effects of COVID‑19 on our growth plans,” said Gaétan Desroches, Chief Executive Officer of Sollio Cooperative Group.  “Such a substantial investment by these reputable financial institutions attests to their confidence in our strategies and our cooperative business model.”

Rabobank, a customer-focused cooperative bank in the Netherlands and a leading global food and agribusiness bank with extensive North American operations, is joining Sollio Cooperative Group’s Québec-based institutional investors to support the organization’s development and modernization.

“This commitment is an opportunity to invest in a solid growth model and a partner who shares our focus on cooperative values and sustainable agricultural development,” said Paul Beiboer, CEO, Rabobank North America. “Rabobank is focused on driving innovation and growth in the global food system that will lead to smarter, more efficient and more sustainable agricultural practices and food distribution around the world.”

“Throughout the pandemic, Québec’s agri-food producers, transformers and workers have been working hard to keep grocery store shelves filled with quality local products,” said Gaétan Morin, President and Chief Executive Officer of Fonds de solidarité FTQ. “Thanks to Quebecers’ savings, our reinvestment in Sollio Cooperative Group is an opportunity to reaffirm our confidence in agrifood SMEs, including several members of the cooperative, who are essential to the prosperity of our regions.”

“Sollio Cooperative Group plays a leading role in our agri-food sector,” said Marc Cormier, Executive Vice-President and Head of Fixed Income at CDPQ. “Its business model is built around companies that meet essential needs and have a clear economic impact on the whole of Québec.”

“Sustainable agri-food is one of Fondaction’s key investment priorities. By investing in Sollio Cooperative Group and its cooperative model, we’re strengthening our food chain and driving change in agricultural practices,” said Geneviève Morin, President and CEO of Fondaction. “We’re building on the nearly 100 years of history behind this collaborative management model that supports our collective wealth.”

ABOUT SOLLIO COOPERATIVE GROUP

Founded in 1922, Sollio Cooperative Group (formerly La Coop fédérée) is one of the largest agri-food enterprises in Québec, the only pan-Canadian agricultural supply cooperative and the 27th largest agri-food cooperative in the world. It represents more than 122,000 members, agricultural producers and consumers in 50 traditional agricultural and consumer cooperatives across several Canadian provinces. It employs more than 15,000 people and has sales of $7.282 billion. It operates through three divisions: Olymel S.E.C., Sollio Agriculture and BMR Group.

For more information about Sollio Cooperative Group, please visit sollio.coop.

ABOUT RABOBANK

Rabobank Group is a global financial services leader providing wholesale and retail banking, leasing, and real estate services in more than 40 countries worldwide. Founded over a century ago, Rabobank today is one of the world’s largest banks with EUR 620 billion in assets. In the Americas, Rabobank is a premier bank to the food, agribusiness and beverage industry, providing sector expertise, strategic counsel and tailored financial solutions to clients across the entire food value chain. Rabobank Canada services Canadian wholesale clients in the food and agricultural sectors as well as over 12,000 farmers under its farm inputs finance program.

Additional information is available on our website or on our social media platforms, including Twitter and LinkedIn.

ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC

Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2020, it held CA$333.0 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.

ABOUT THE FONDS DE SOLIDARITÉ FTQ

The Fonds de solidarité FTQ is a development capital investment fund that channels the savings of Quebecers. As at May 31, 2020, the Fonds had $13.8 billion in net assets and supported 221,267 jobs. The Fonds is a partner in 3,329 companies and has 707,935 shareholder-savers.

ABOUT FONDACTION

A trailblazer for 25 years now, Fondaction is the investment fund of those who seek to effect positive change in Québec’s economy, those who are striving to create a stronger, greener and more equitable and inclusive economy.

As a labour-sponsored fund, Fondaction represents tens of thousands of shareholders and hundreds of companies committed to Québec’s progress. Fondaction has more than $2.26 billion in assets under management, invested in hundreds of businesses and in financial markets, focusing primarily on investments that are economically, socially and environmental beneficial and generate returns. It helps create and maintain jobs and reduce inequalities, and contributes to the fight against climate change. For more information, go to fondaction.com or visit our LinkedIn page.

  • Hugo Larouche
    Directeur par intérim, affaires publiques et communication d’entreprise
    Sollio Groupe Coopératif
    514 384 6450, poste 3604
    hugo.larouche@sollio.coop

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ST Engineering Accelerates Hybrid Multi-Cloud Management and Governance Capabilities with Investment in CloudSphere

Atlantic Bridge

 

Singapore and Los Altos, CA., 6 October 2020 – ST Engineering today announced that its Corporate Venture Capital unit, ST Engineering Ventures, has joined Atlantic Bridge in the closing of a strategic investment round in CloudSphere Limited, a cloud management and governance provider headquartered in Los Altos, California and Dublin, Ireland.

The investment in CloudSphere also includes a commercial agreement that enables direct access to hybrid multi-cloud management and governance software and expertise, immediately enhancing ST Engineering’s current cloud portfolio beyond assessment, planning and migration. This is in line with the Group’s goal to accelerate and scale its capabilities in Professional and Managed Services in public clouds to provide greater value to its customers and drive long-term growth for the company.

“Large enterprises are operating in hybrid and multi-cloud environments, and using many different sets of tools in resource provisioning and monitoring, cost reporting, security and identity dashboards with multiple, disparate control planes. Our partnership with CloudSphere will allow our customers to gain greater visibility and control of their multi-cloud inventory, performance and costs. This enhanced cloud Managed Service Provider capability will empower us to seize the opportunities with cloud technology,” said Ravinder Singh, President of ST Engineering’s Electronics sector.

“The transition to the cloud will continue to accelerate as forward-looking organisations like ST Engineering help enterprises navigate their digital transformations,” said Patrick McNally, Chief Executive Officer of CloudSphere. “We are excited to work closely with ST Engineering on joint go-to-market activities where our expertise in automation for cloud security and identity governance will allow us collaborate and provide valuable solutions to their customers.”

CloudSphere’s flagship Cloud Governance Platform helps control the challenges of increasingly complex public cloud deployments with automation and intelligence that dramatically simplifies how operators govern access to critical resources, minimise security risks and manage spending in the cloud. It is the only Cloud Governance Platform that takes the key data points from application discovery and migration planning to group cloud resources by application. This unique approach allows more intuitive governance of cloud resources at the application level.

With offices in Singapore, San Francisco, U.S.A., and Tel Aviv, Israel, ST Engineering’s Corporate Venture Capital unit scouts for and invests in promising technology start-ups in high growth areas such as robotics, autonomous technology, data analytics, cybersecurity and emerging technologies. It aims to build successful, collaborative relationships with start-ups, combining technologies and expertise to co-create breakthrough solutions while enabling their access to the Group’s global business ecosystems, expertise and resources.

Atlantic Bridge

 

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Aquiline Capital Partners To Lead The Merger Of CodeBlue And MADSKY

Aquila Capital

NEW YORK, Oct. 2, 2020 /PRNewswire/ — Aquiline Capital Partners today announced the signing of definitive agreements in which it will merge Insurance Claims Management, Inc., which operates under the CodeBlue brand, and FV Holdings, LLC dba MADSKY Managed Repair Program (MADSKY). The combination will bring together two industry-leading providers, offering a unique and unified interior and exterior emergency services and direct repair capability. Hunter Powell, currently CEO of MADSKY, will become CEO of the combined business.

CodeBlue is a rapidly growing provider of property claims outsourcing solutions for the insurance industry, using proven science and industry-leading technology to generate superior service and cost outcomes. The company was founded by Paul Gross with the introduction of a revolutionary water damage mitigation solution. It has since expanded to provide a “whole home” set of property claims outsourcing solutions, including First Notice of Loss, Water Mitigation, Direct Property Repair, Desk Repair and Contents Valuation for a multitude of insurance companies.

MADSKY is revolutionizing the handling of roofing and exterior restoration needs in the insurance claims and broader property management space. MADSKY combines a claims concierge service with a network of vetted and highly qualified contractors. The firm offers a revolutionary program that simplifies the property restoration process and helps homeowners get back to their lives faster than ever before. In addition, leveraging its strong base of experienced roofing professionals, MADSKY offers several proprietary expert services aimed at aligning claim outcomes across stakeholders and decreasing loss severity.

“Both CodeBlue and MADSKY utilize technology-enabled claims delivery models that benefit insureds, insurance carriers and contractors,” stated Jeff Greenberg, Chairman and Chief Executive Officer of Aquiline Capital Partners. “We are excited to back Hunter, Paul and the combined leadership team as they further their market leadership in water mitigation and roofing while also entering compelling new areas where we will provide expertise and capital to support their growth.”

“Combining CodeBlue and MADSKY brings together the leaders in managing interior and exterior damage assessment and repair. The combined entity will offer unique, value-added and mutually beneficial solutions to insurance carriers, property managers and individual property owners,” said Hunter Powell. “Both firms share a purpose-driven ethos and a people-centric mentality, and together will bring unmatched focus and capabilities to delivering industry-leading services that blend results and performance with care and compassion. It is an incredible privilege to lead this organization.”

“Aquiline Capital Partners has tremendous expertise in insurance, insurance claims outsourcing and financial technology,” said Paul Gross. “Together we will continue to expand our property claim solutions offerings, extend the combined company’s technology platform and market leadership position and develop deeper carrier partnerships.”

About Insurance Claims Management (ICM) Headquartered in Springfield, Ohio with additional offices in Hudson, Ohio and Eau Claire, Wisconsin, ICM, operating under the CodeBlue brand, provides independent First Notice of Loss, Water Mitigation, Direct Repair, Desk Repair and Contents Valuation outsourcing solutions to insurance carriers throughout the United States and Canada. Leveraging proprietary technology during FNOL, CodeBlue captures live videos created by policyholders and contractors get the claim assessed, initiated, approved, and finished more quickly while reducing traditional expense. The platform facilitates CodeBlue contractor management and facilitates communication and business processes for insurance carriers, ICM, network service providers and policyholders. For more information, visit www.codeblue360.com.

About MADSKY

MADSKY is headquartered in Englewood, Colorado and provides insurance carriers and homeowners with the largest network of skilled trade professionals across the U.S. to repair roof and exterior damage following a hail or wind event. MADSKY is the trusted, go-to partner for managing the entire roof restoration process. MADSKY’s network of skilled roofing contractors, general contractors, independent adjusters, suppliers, manufacturers, and more are responsible for doing the restoration work. Learn more at www.MADSKYmrp.com.

About Aquiline Capital Partners

Aquiline Capital Partners, founded in 2005, is a private investment firm based in New York and London investing in businesses across the financial services sector in financial technology, insurance, investment management, business services, credit and healthcare. The firm has $5.3 billion in assets under management as of December 31, 2019. For more information about Aquiline, its investment professionals, and its portfolio companies, please visit: www.aquiline.com.

 

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Empowering companies to communicate more efficiently

Gp Bullhound

Paris, 2 October 2020
GP Bullhound acted as exclusive financial adviser to Bridgepoint Development Capital and BPI on a USD160m investment in Sendinblue.

Sendinblue is a leading all-in-one digital marketing platform empowering B2B and B2C businesses, e-commerce sellers and agencies to build customer relationships through end-to-end digital marketing campaigns, transactional messaging, and marketing automation.

The company offers a unique digital marketing solution developed for small and medium-sized businesses, covering tools such as email, SMS, marketing automation, sales management, and live chat. Headquartered in Paris with offices in Seattle, Berlin, Noida, and Toronto, Sendinblue supports more than 180,000 active users across 160 countries.

The proceeds will be used to drive product expansion to further support small and medium-sized businesses and accelerate growth in the North American market. Since 2018, Sendinblue has experienced 100% year-over-year growth in the US, the fastest-growing market for the company.

Guillaume Bonneton, Partner at GP Bullhound, and Joy Sioufi, Executive Director, commented: “We are delighted to have advised Bridgepoint Development Capital and BPI on their investment into Sendinblue. The company’s management will benefit from these two platforms’ experience to further expand internationally and become the leading all-in-one digital marketing platform.”

This transaction is a further testament to GP Bullhound’s expertise in software with 13 transactions completed in the last 12 months globally – 5 in France – including CVC’s $200m investment in EcoVadis, Wavecrest Growth Partners and Beringea’s $29m investment in EDITED, the acquisition of Assetic by Dude Solutions, and Accel-KKR’s $50m investment in Partnerize, among many others.
Enquiries

For enquiries, please contact:

Guillaume Bonneton, Partner

guillaume.bonneton@gpbullhound.com Joy Sioufi, Executive Director

joy.sioufi@gpbullhound.com

About GP Bullhound

GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com.

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Warburg Pincus invests INR 700 cr to acquire equity stake in True North-backed Home First One of India’s leading affordable housing finance companies

TrueNorth

Mumbai,2ndOctober,2020

Home First Finance Company India Ltd (“Home First”) announced today that it has entered into
definitive agreements with Orange Clove Investments BV an affiliate of Warburg Pincus LLC (“Warburg
Pincus”), a leading global private equity firm focused on growth investing for an investment of
approximately INR 700 crore through a combination of primary fund raise and secondary sales by
existing shareholders. Warburg Pincus joins existing marquee PE firm shareholders True North and
Bessemer Venture Partners.

Home First is a technology driven, affordable housing finance company providing home loans to
customers from low- and middle-income segments, who are building or buying their first homes. Over
the last 10 years, Home First has sanctioned home loans to more than 50,000 customers in 60 districts,
across 11 states and a union territory. Coming at a time when the whole world is navigating an
unprecedented crisis, this transaction is a huge vote of confidence for the affordable housing segment
in general and more specifically for the performance of Home First in the face of the crisis.
Divya Sehgal, Partner, True North said, “Home First is one of the fastest growing affordable housing
finance companies in India and has built strong underwriting capabilities for its new-to-credit customer
base. We are proud of the way the company has utilised technology to its advantage, adopting a digital
first approach in navigating Covid-19. We welcome Warburg Pincus and look forward to partnering
with them in the upcoming journey of Home First.”

Narendra Ostawal, Managing Director, Warburg Pincus said, “Home First has had a remarkable
journey to become a leading affordable housing finance company in a relatively short span of 10 years.
It is helmed by a very talented team and robust operating processes that continue to steer the company
to do well through the pandemic and to leverage the growth potential of the affordable segment.
Warburg Pincus looks forward to the partnership with True North and towards backing Manoj and the
management team in its next phase of expansion.”

“Warburg Pincus’ investment in Home First at this juncture, is an acknowledgement of Home First’s
inherent strengths. Our strong focus on the salaried customer segment, our investments in technology
and our deep belief in digital processes and payment mechanisms, have netted excellent dividends
through multiple disruptive events. True North has been a strong partner over the last few years and
has supported the company in its business in tight market conditions. We look forward to partnering
with our shareholders and offering industry leading solutions to our customers.” said Manoj
Viswanathan, Chief Executive Officer, Home First.

About Home First Finance Company:
Home First was founded in 2010 and over the last 10 years has established its presence in 60 districts
across 11 states and a union territory with a significant presence in the urbanized regions of Gujarat,
Maharashtra, Karnataka and Tamil Nadu. The company targets first time home buyers and leverages
technology to deliver the service with minimum disruption to the work routines of its customers. The
company’s customers are typically salaried customers who work in small firms or self-employed
customers who run small businesses. The company deploys proprietary machine learning and
customer scoring models for underwriting and delivers quick turnaround times to its customers. As of
March 31, 2020, Home First had an AUM of INR 3618 cr with a Net worth of INR 933 cr and GNPA of
0.87%

About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has
more than $53 billion in private equity assets under management. The firm’s active portfolio of more
than 185 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. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more
than $84 billion in over 900 companies in more than 40 countries. 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.

About True North
Founded in 1999, True North is India’s leading home-grown private equity firm with a focus on
investing in and transforming mid-sized profitable businesses into large well-established businesses
that are valuable, enduring and socially responsible. True North has successfully launched six separate
investment funds with a combined corpus of ~ USD 3 billion including co-investments. True North’s
deep insights and understanding of India has added value to more than 50 businesses over the last 20
years.

Ambit Capital was the lead advisor on the transaction and Axis Capital was the co-advisor.

Contact details for additional information:

Home First:
Shahab Shaikh| shahab@conceptpr.com |+91 93208 97525

True North:
Akhila Natarajan | akhila.natarajan@pitchforkpartners.com | +91-9821689525
Nitanshi Sharma | nitanshi.sharma@pitchforkpartners.com | +91-7000584756
Warburg Pincus: Malini Roy, CDR India: 9920549085

Disclaimer:
Home First Finance Company India Limited is proposing, subject to receipt of requisite
approvals, market conditions and other considerations, to undertake an initial public offer of its
equity shares and has filed a draft red herring prospectus dated November 28, 2019 (“DRHP”)
with the Securities and Exchange Board of India on November 29, 2019. The DRHP is available
on the website of the SEBI at www.sebi.gov.in, the respective websites of the book running lead
managers, i.e., Axis Capital Limited, Credit Suisse Securities (India) Private Limited, ICICI
Securities Limited and Kotak Mahindra Capital Company Limited at
www.axiscapital.co.in,https://www.creditsuisse.com/in/en/investmentbanking/regionalpresence/
asiapacific/india/ipo.html,www.icicisecurities.com and http://investmentbank.kotak.com,
respectively, the website of the National Stock Exchange of India Limited at www.nseindia.com
and the website of BSE Limited at www.bseindia.com. Investors should note that investment in
equity shares involves a high degree of risk and for details relating to such risk, see “Risk
Factors” of the DRHP. Potential investors should not rely on the DRHP for any investment
decision.

The Equity Shares offered in the Offer have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (“U.S. Securities Act”) or any state securities laws in the
United States, and unless so registered may not be offered or sold within the United States,
except pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, such
Equity Shares are being offered and sold (i) outside of the United States in offshore
transactions in reliance on Regulation S under the U.S. Securities Act and the applicable laws
of the jurisdiction where those offers and sales occur; and (ii) to “qualified institutional
buyers” (as defined in Rule 144A under the U.S. Securities Act), pursuant to the private
placement exemption set out in Section 4(a) of the U.S. Securities Act.

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Metlifecare securityholders vote in favour of APVG acquisition

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eqt

Metlifecare (NZX: MET, ASX: MEQ) announced its securityholders have overwhelmingly approved the acquisition of Metlifecare by APVG, an entity owned by EQT Infrastructure IV, at the Scheme Meeting held in Auckland, New Zealand today.

EQT is pleased to confirm that the resolution to approve the Scheme was passed by a significant majority of shareholders, with more than 90 percent of shares voted in favour of the transaction.

Metlifecare is a leading New Zealand owner and operator of retirement villages, providing rewarding lifestyles and outstanding care to more than 5,600 New Zealanders. Established in 1984, it currently owns and operates a portfolio of 25 villages in areas with strong local economies, supportive demographics and high median house prices, located predominantly in New Zealand’s upper North Island.

EQT is a differentiated global investment organization that invests in good companies across the world with a mission to help them develop into great and sustainable companies. By providing access to ownership skills and operational expertise, EQT helps acquired companies grow and prosper. Development and growth are at the core of the value creation, with digitalization and sustainability being key future-proofing drivers. Portfolio companies owned by the funds of EQT have, on average, increased sales by 10 percent, the number of employees by 7 percent and EBITDA by 12 percent per annum during the funds’ ownership.

Ken Wong, Managing Director, Head of EQT Australia & New Zealand and Investment Advisor to EQT Infrastructure IV, said: “We welcome the decision today by Metlifecare’s shareholders to support the proposed transaction and vote overwhelmingly in favour of the scheme of arrangement. EQT looks forward to applying its long-term vision to accelerate Metlifecare’s growth and deliver the highest quality care to its residents. I would also like to extend my appreciation and thanks on behalf of EQT to Metlifecare’s employees who have worked tirelessly during this period to protect the health and wellbeing of its residents during an unprecedented year.”

The closing of the transaction is subject to court approval. It is currently contemplated that the Scheme will be implemented in late October 2020.

APVG and EQT Infrastructure IV are being advised by Goldman Sachs, Bell Gully, King & Wood Mallesons, Simpson Thacher & Bartlett, EY and Colliers.

Contact
International media inquiries: EQT Press Office, press@eqtpartners.com
New Zealand media inquiries: David Lewis, david@thompsonlewis.co.nz, +64 21 976 119
Australian media inquiries: Jim Kelly, jim@domestiqueconsulting.com.au, +61 412 549 083

About EQT
EQT is a differentiated global investment organization with more than EUR 62 billion in raised capital and around EUR 40 billion in assets under management across 19 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and North America with total sales of more than EUR 27 billion and approximately 159,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

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

About Metlifecare
Metlifecare is a leading New Zealand owner and operator of retirement villages, providing rewarding lifestyles and outstanding care to more than 5,600 New Zealanders. Established in 1984, it currently owns and operates a portfolio of 25 villages in areas with strong local economies, supportive demographics and high median house prices, located predominantly in New Zealand’s upper North Island.

More info: www.metlifecare.co.nz

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Investor Allstars 2020 winners announced

London, 2 October 2020

In our 18th year of Investor Allstars, GP Bullhound remains passionate about championing diversity, creativity and ambition within the European investment and entrepreneurial universe.

With more drive than ever across the European tech space and investors and entrepreneurs working increasingly effectively together, Europe’s tech scene is growing at an unprecedented rate.

A stream of global leaders is emerging, such as Unity, Adyen, Klarna, UI Path and The Hut Group, and over 112 tech companies are valued at more than $1bn.

More than ever, this year we are proud to celebrate the resilience of Europe’s tech ecosystem amid one of this century’s most difficult and volatile periods, and the visionaries helping to change the world.

GP Bullhound’s Investor Allstars 2020 brought together hundreds of leading figures from Europe’s technology universe, with standout guest speakers and a star-studded panel discussing their views on the current technology and investment landscape in Europe. We received an overwhelming response for nominations, helping to cultivate our best-ever shortlist.

With over 120 entries and more than 2,000 votes, here are this year’s winners as voted by the public and the Investor Allstars’ judges panel:

INVESTOR ALLSTARS AWARDS 2020 WINNERS
Entrepreneur of the Year: Heini Zachariassen, Vivino
Investor of the Year: Stephen Chandler, Notion Capital
Service Provider of the Year: Orrick
Growth & Buyout Fund of the Year: Francisco Partners
Exit of the Year: Hummingbird (Peak sold to Zynga)
Young Entrepreneur of the Year (in memory of Mark Sebba): Daniel Stammler & Janosch Sadowski, Kolibri Games
Venture Capital Fund of the Year: Creandum
Tech4Good: Female Founders

“I’m very pleased to have won Entrepreneur of the Year and to be among some of Europe’s brightest tech stars for this award. The level of innovation and drive in Europe today is unprecedented, and I’m very proud that we at Vivino are a part of this. ” – Heini Zachariassen, Founder & CEO of Vivino

“European tech is in the midst of great change, as many leaders begin emerge from the region. We are extremely proud to have won the Tech4Good award and for the public recognition that women will play a crucial role in this transformation.” – Nina Wöss, Co-Founder & COO of Female Founders.

“Our awards showcase the most dedicated and inspiring individuals and organisations that are leading European tech’s charge of innovation, and we are extremely proud to bring such an immensely talented group of entrepreneurs and investors together. We look forward to seeing what this terrific energy can accomplish next year.” – Manish Madhvani, Co-Founder and Managing Partner of GP Bullhound.

For the full shortlist of the awards, please click here.

We’d like to send a special thank you to the following for making this year’s virtual event such a success:

Premium sponsor: Orrick
Sponsors: Cooley, Shoosmiths, and Berenberg
Our speakers & panellists: Priya Lakhani, Founder & CEO of Century Tech; Husayn Kassai, Co-Founder & CEO of Onfido; Jonathan Cherki, Founder & CEO of Contentsquare; Deep Shah, Partner & Co-President of Francisco Partners; and Peter McKay, CEO of Snyk.
Judges: Kerstin Cooley, Managing Partner, Brightly Ventures; Edwin Hengstmengel, Partner, Endeit Capital; Deep Shah, Partner & Co-President, Francisco Partners; Jean Bourcereau, General Partner & President, Ventech; Zoé Fabian, Managing Director, Eurazeo Growth; Rory Stirling, Partner, Connect Ventures; John Doran, General Partner, TCV; Karen McCormick, Investment Officer, Beringea; Richard Brass, Head of Wealth and Asset Management UK, Berenberg; Chris Grew, Partner, Orrick; Omri Benayoun, General Partner, Partech; George Coelho, Co-Founder of Astanor Ventures; Alexis Scorer, Executive Director, GP Bullhound; and Manish Madhvani, Co-Founder & Managing Partner, GP Bullhound.

We look forward to welcoming you back to Hilton Park Lane in London on 5 October 2021, as we host our live Investor Allstars ceremony.

Enquiries
For any enquiries, please visit www.investorallstars.com or contact investorallstars@gpbullhound.com.

About GP Bullhound

GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com

Categories: News

Tim and Ardian have finalized the investment in Inwit

Ardian

TIM holds 51% of the holding company with 30.2% of INWIT; the Consortium of investors led by Ardian holds the remaining 49%

Rome, 2 October 2020 – TIM and Ardian, a world-leading private investment house operating in the infrastructure sector, announce that they have finalised the agreement communicated last 24 June for a partial sharing of the investment in Infrastrutture Wireless Italiane S.p.A. (INWIT). The transaction consists of the purchase by a consortium of institutional investors led by Ardian of a 49% stake in Daphne 3, a newly-established holding company controlled by TIM, to which TIM has transferred a 30.2% stake in the share capital of INWIT. The holding company takes over from TIM – for the stake in INWIT transferred – in the shareholder agreement existing between TIM and Vodafone Europe B.V., by virtue of which they jointly control INWIT.

Relations between TIM (which retains control over the holding company) and the consortium led by Ardian are regulated by a specific shareholders’ agreement, the contents of which were disclosed to the market last 29 June.

The transaction does not entail any mandatory takeover bid, as confirmed by Consob, and has been approved in accordance with Golden Power regulations; the value of the transaction for TIM is 1.35 billion euros in respect of an INWIT share value of €9.47 (ex-dividend).

Of the remaining direct stake held by TIM in INWIT, equating to 3% of its capital, today 1.2% was sold for 109 million euros, to a vehicle managed and assisted by Canson Capital Partners (Guernsey) Limited, which also has an option to purchase the remaining 1.8% for a price of 161 million euros.

The Board of Directors of Daphne 3 has the following members: Marco Patuano (Chairman), Carlo Nardello (Chief Executive Officer), Davide Carlino, Sabrina Di Bartolomeo, Laurent Fayollas, Agostino Nuzzolo and Frédéric Jean Daniel Payet.

The investment in Daphne 3 represents the first step of a long-term partnership between TIM and Ardian, aimed at strengthening the leadership of INWIT on the Italian telecommunications market, leveraging the growth of data traffic and the new opportunities arising from the implementation of 5G.

Mathias Burghardt, Member of Ardian’s Executive Committee and Head of Ardian Infrastructure, said: “This investment of great strategic value further demonstrates our commitment to Italy, a core market for us in which we have been investing for more than a decade. Alongside major industrial partners, we have contributed to long-term sustainable growth plans and value creation for all stakeholders. We are very pleased to start building a strong partnership with TIM. Together with TIM and Vodafone, we will support the management team in the ambitious growth plan for this essential technological infrastructure”.

Since 2005 Ardian Infrastructure has made more than 45 investments for a total of 16 billion dollars, managed or advised, with a team of 40 professionals specialized in infrastructure investments worldwide. In Italy, always considered a key market, as a long-term strategic partner, since 2007 Ardian has invested approximately 3 billion euros in infrastructure activities, including the investment in INWIT.

ABOUT TIM

TIM is one of the top Information & Communication Technology companies in Europe and the market leader in Italy. It offers its customers fixed and mobile telecommunications, internet, premium digital entertainment content – through TIMVISION, TIMMUSIC and TIMGAMES – and advanced cloud-based platforms. All with flexible and customisable offers to meet the needs of families and businesses, on platforms accessible from a range of devices. TIM is included in the major international sustainability indexes and is committed to becoming the leading telco in the Eurozone in terms of sustainability and social responsibility. The Group includes TIM Brasil, one of the leading players on the Brazilian market; Sparkle, an international service provider and one of the top ten global operators worldwide, with a 540,000 km fibre network extending across Europe, the Americas, Africa and Asia; Olivetti, which operates in key sectors such as the Internet of Things and offering cutting-edge hardware and software.

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$100bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base. Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.
Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 670 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 1,000 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

ABOUT CANSON CAPITAL PARTNERS

Capital Partners is a leading alternative capital-focused Advisory and Merchant Banking firm. The company specialises in identifying alternative solution capital to develop strategic partnerships with businesses. Since 2017, Canson Capital Partners has advised on private equity-related transactions with an aggregate transaction value of over $54 billion.

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List of participants

  • Ardian Advisors:

    • Financial Advisor to the consortium led by Ardian: Nomura
    • Merchant Bank to the consortium led by Ardian: Canson Capital Partners
    • Financial Advisors to Ardian: Mediobanca and Vitale&Co
    • Legal Advisors: BonelliErede (Corporate), Legance-Avvocati Associati (Financing), Ashurst (Financing), Arendt (Structuring) and Weil, Gotshal & Manges (Governance at consortium level)

  • TIM Advisors:

    • Financial Advisors: Goldman Sachs International, BofA Securities
    • Legal Advisors: Gianni, Origoni, Grippo, Cappelli & Partners

Press Contact

TIM

@TIMnewsroom

+39 06 3688 2610

ARDIAN – Image Building

CRISTINA FOSSATI, LUISELLA MURTAS

ardian@imagebuilding.it +39 02 8901 1300

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Netwrix Receives Majority Investment From TA Associates

TA associates

Netwrix to use the investment to grow its portfolio of data security solutions to support current customers and to expand globally.

IRVINE, CA – Netwrix, a cybersecurity vendor that makes data security easy, today announced that TA Associates (“TA”), a leading global growth private equity firm, has completed a majority investment in the company. TA, together with the Netwrix executive management team, plan to accelerate Netwrix’s growth as the company aims to expand its portfolio of easy-to-use data security solutions to its customers globally. Members of Netwrix senior management and existing Netwrix investor Updata Partners will invest alongside TA, and will maintain a significant equity interest in the company. Financial terms of the transaction were not disclosed.

“Netwrix is thrilled to be working alongside TA as we enter our next phase of growth,” said Steve Dickson, chief executive officer of Netwrix. “The partnership with TA will provide Netwrix access to the firm’s global add-on acquisition origination and integration capabilities and deep experience in the security and horizontal application software markets, which we believe will position us for substantial organic and inorganic growth.”

While able to scale to the unique needs of large enterprises, Netwrix’s business model is ideal for the mid-market, which is defined as organizations with 500 to 10,000 employees. This underserved segment is in need of easy-to-use data security solutions to address growing security and privacy concerns. Until recently, governmental regulations, such as Sarbanes-Oxley, applied only to larger enterprises. However, with the growing number of privacy regulations, such as the GDPR and the CCPA, organizations of all sizes, including mid-market businesses, must take data security seriously.

“With its powerful, easy-to-use products and streamlined business model, Netwrix has become a leading provider of data security products for the mid-enterprise market,” said Michael Libert, a senior vice president at TA Associates. “Netwrix has an abundance of security, audit and compliance experience and more than 7,000 paying organizations that are deriving value from their experience with Netwrix.”

“Given the ongoing growth in the global data security market, we see ample new business opportunities for Netwrix,” added Harry Taylor, a managing director at TA Associates. “We are pleased to partner with Netwrix’s management team, alongside Updata Partners, and to collaborate on the company’s continued profitable growth.”

“It has been a pleasure working with the Netwrix team for the past three years and aiding in the company’s impressive and transformative growth,” said Jon Seeber, a general partner at Updata Partners. “With what we believe to be superior products and services, Netwrix has become a valued provider in security and compliance. We are pleased to welcome TA as an investor, and to continue our partnership with Netwrix.”

Joining the Netwrix board in conjunction with this transaction are Michael Libert, Harry Taylor and Amit Jain of TA Associates; and independent directors Dan Mayleben, chief executive officer at 2ndWave Software, and Matt Dircks, chief executive officer at BeyondTrust. They join existing board members Jon Seeber of Updata Partners, independent director Brian Turner and Steve Dickson of Netwrix.

About Netwrix
Netwrix makes data security easy, thereby simplifying how professionals can control sensitive, regulated and business-critical data, regardless of where it resides. More than 10,000 organizations worldwide rely on Netwrix solutions to secure sensitive data, realize the full business value of enterprise content, pass compliance audits with less effort and expense, and increase the productivity of IT teams and knowledge workers.
Founded in 2006, Netwrix has earned more than 150 industry awards and been named to both the Inc. 5000 and Deloitte Technology Fast 500 lists of the fastest growing companies in the U.S.
For more information, visit www.netwrix.com.

About TA Associates
TA Associates is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $33.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $2 billion per year. The firm’s more than 90 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.

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