Category Archives: News

Carlyle Commits Over $100 Million in Battery Storage and Electric Vehicle Infrastructure Technologies to Accelerate the Energy Transition

Carlyle

New York, New York – Global investment firm Carlyle (NASDAQ: CG) today announced complementary growth investments by Carlyle-managed funds in community-scale clean energy developer NineDot Energy and electric vehicle (“EV”) charging and services company Fermata Energy, representing a more than $100 million commitment to technological disruptions advancing the energy transition.

The investments in NineDot and Fermata Energy bring total capital committed by funds managed by Carlyle’s infrastructure platform in the last 24 months to renewable and sustainable energy companies to more than $1.2 billion.

Founded in 2015, NineDot Energy is a New York City-based clean-tech developer that designs and deploys community-scale energy generation and battery storage projects. Carlyle’s investment will enable NineDot to develop, build, and operate over 1,600 megawatt hours (MWh) of clean energy systems by 2026 that strengthen local power grid infrastructure and provide clean, reliable, and resilient power to tens of thousands of New York households and businesses. As a top developer focused on the New York City market, NineDot aims to support New York State’s mission to achieve its goal of 100% clean energy by 2040, including a recently-doubled target of 6,000 MW of energy storage by 2030.

Founded in 2010, Fermata Energy is an electric vehicle (“EV”) charging and services company targeting the growing bi-directional EV charging market, working with leading automakers, including Ford and Nissan. Fermata Energy designs, supplies, and operates the technologies required to integrate EVs into the home, buildings, and electric grid. Fermata Energy’s “Vehicle-to-Everything” (“V2X”) platform incorporates a bi-directional charger and proprietary software with the EV and electricity user, allowing the vehicle to act as a dispatchable energy storage resource when the vehicle is not in use.

Pooja Goyal, Chief Investment Officer of Carlyle’s Infrastructure Group, said, “There is a large and growing investment opportunity in building the renewable energy capacity required to power a lower-carbon grid.  Batteries and the greater penetration of electric vehicles within our transportation mix both play a vital role in transitioning to a cleaner, more reliable grid. We are proud of our new partnerships with NineDot and Fermata Energy, and look forward to leveraging Carlyle’s deep industry expertise, broad network, and late-stage development capabilities to support our partners in expanding into broader energy transition growth channels.”

NineDot and Fermata Energy have an existing partnership in place with Revel to deploy vehicle-to-grid (V2G) technology to supply energy back to the power grid during times of peak electricity demand.

David Arfin, CEO and Co-Founder of NineDot Energy said, “NineDot Energy thrives on developing innovative business models and projects that support a more resilient electric grid while simultaneously delivering economic savings and reducing carbon emissions. Carlyle’s investment will enable NineDot to further advance its leadership position in providing community clean energy solutions in New York and beyond.”

David Slutzky, Founder and CEO of Fermata Energy said, “To enable the transition to a clean energy economy, abundant energy storage must be deployed quickly and at scale. The investment from Carlyle allows Fermata Energy to make EVs more affordable, help fortify the electric grid, and create positive climate action.”

Strategic partnerships with NineDot and Fermata Energy further Carlyle’s growth in renewable and sustainable energy investing, which includes a focus on investments in renewable power generation, energy storage solutions, distributed energy, transportation electrification, and supply chain de-carbonization.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $293 billion of assets under management as of September 30, 2021, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 1,800 people in 26 offices across five continents. Further information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.

Media Contact:

Brittany Berliner
(212) 813-4839
brittany.berliner@carlyle.com

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Chess.com Announces Growth Investment from General Atlantic

Chess.com, one of the world’s largest chess platforms, today announced that General Atlantic, a leading global growth equity investor, has become a significant investor and partner in their mission to grow the game of chess. Terms of the transaction were not disclosed.

Launched in 2007, Chess.com is a leading online destination for playing, learning and watching chess, with over 75 million registered users and more than 10 million games played every day. Chess.com offers an extensive suite of free and paid options to both novice and experienced players, including online chess gameplay, puzzles, game analysis, and hundreds of lessons taught by chess grandmasters and coaches. Members can engage with friends through a social community via the Chess.com app and website, ChessKid, Learn Chess with Dr. Wolf, and other apps. Chess.com has also become a key content provider to the global chess community, streaming some of the world’s largest chess tournaments, including the World Chess Championship. Chess.com currently has 300 full-time team members.

The ancient game of chess has enjoyed a renaissance over the past few years driven by the convergence of several factors including the Covid-19 pandemic, mainstream media such as Netflix’s hit show “The Queen’s Gambit,” and the growing popularity of chess in esports channels such as Twitch and YouTube.

“Our mission is simple: help people enjoy chess,” said Erik Allebest, CEO and co-founder of Chess.com. “As a mission-driven, bootstrapped company that never raised venture funding, we knew we needed an experienced, savvy partner to help us in our next stage of growth. General Atlantic has a longstanding commitment to partnership in helping companies grow and thrive, and we are beyond excited to work with them to bring the joy of chess to millions more across the globe.”

Anton Levy, Co-President, Managing Director, and Global Head of Technology Investing at General Atlantic, commented, “As interest in chess continues to grow, we believe Chess.com has an opportunity to make this classic game even more accessible to new and existing players around the world. We are thrilled to support Chess.com’s vision to leverage technology to further build the global chess community and look forward to partnering with Erik and the team to grow the platform.”

Tanzeen Syed, Managing Director at General Atlantic, continued, “Chess.com is early in its growth story. Looking ahead, we’re excited to help Chess.com drive the continued international expansion of its platform, develop new products and features, and further build its loyal and engaged community of global chess players.”

Houlihan Lokey advised on the deal. Legal services were provided by Latham & Watkins; Paul, Weiss; Herzog Fox & Neeman; Shartsis Friese; and Poultan & Yordan.

About Chess.com

Chess.com is one of the world’s largest chess platforms, with a community of more than 75 million members from around the world playing more than 10 million games every day. Launched in 2007, Chess.com is a leader in chess news, lessons, events, and live entertainment. Visit Chess.com to play, learn, and connect with chess—the world’s most popular game.

About General Atlantic

General Atlantic is a leading global growth equity firm with more than four decades of experience providing capital and strategic support for over 445 growth companies throughout its history. Established in 1980 to partner with visionary entrepreneurs and deliver lasting impact, the firm combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to scale innovative businesses around the world. General Atlantic currently has over $86 billion in assets under management inclusive of all products as of September 30, 2021, and more than 215 investment professionals based in New York, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, Singapore and Stamford. For more information on General Atlantic, please visit the website: www.generalatlantic.com.

Media Contacts

Emily Japlon & Casey Gunkel
General Atlantic media@generalatlantic.com

Grant Lee
Chess.com press@chess.com

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True Wind Capital Announces Strategic Investment in W Energy Software

Truewind

Growth Equity Investment to Accelerate Company’s Expansion into New Markets and Position it to Capitalize on Energy Transition

Mark Hill Appointed CEO Following Leadership Succession Plan

SAN FRANCISCO – January 13, 2022 – True Wind Capital (“True Wind”), a San Francisco-based private equity firm focused on investing in leading technology companies, today announced a strategic growth investment in W Energy Software (the “Company”). M33 Growth, LLC, a Boston-based venture and growth-stage investment firm that previously invested in W Energy Software, along with the Company’s founders and other shareholders, are rolling a meaningful portion of their investment into the transaction.

Based in Tulsa, OK, W Energy Software is a leading provider of cloud-based accounting and ERP software, delivering high levels of speed, ease, and accuracy to enterprise and mid-market customers across the energy and commodities value chain. The Company’s modern SaaS platform delivers efficiencies and insights for its blue-chip customer base through faster processing speeds, superior functionality, and full end-to-end visibility.

W Energy Software also recently executed a long-planned leadership succession plan. Mark Hill, the Company’s Chief Revenue Officer, was appointed Chief Executive Officer, and Pete Waldroop, W Energy Software’s founder and CEO, was appointed Chairman of the Board. Mr. Hill has more than 30 years of industry experience and worked alongside Mr. Waldroop for nearly three years. A recognized thought leader in the energy and commodities software space, Mr. Hill has held executive leadership positions at several energy technology companies including P2 Energy Solutions and leading commodity management provider Allegro Development.

Sean Giese, a Partner at True Wind, said, “As energy and commodities businesses navigate a highly dynamic operating environment, they are relying more than ever on technology partners who can streamline their operations and create efficiencies at scale. W Energy Software’s unique offerings, management team, and execution have positioned it well to assume a leading role in the overall energy transition movement. We are excited to support the business through this next chapter, both organically and through strategic M&A initiatives.”

“We are thrilled to embark on our new partnership with True Wind Capital and look forward to leveraging their proven expertise as we continue to embark on our growth trajectory,” Mr. Hill commented. “True Wind’s strategic investment, support, and proven track record in building enduring technology businesses will be a tremendous resource as we seek to expand into new markets, continue to invest in and enhance our differentiated SaaS platform and leading products, and execute a strategic M&A strategy. On a personal level, I would like to thank Pete for his endless contributions to W Energy Software and his endorsement in my ability to lead it through this important chapter.”

Will Heldfond, a Principal at True Wind, added, “We look forward to partnering with Mark and W Energy Software’s talented team to identify attractive areas for expansion and provide technology-enabled solutions that support the rapidly evolving landscape of energy creation, management and distribution.”

Orrick, Herrington & Sutcliffe LLP served as legal advisor to True Wind and Baird served as its financial advisor. Cooley LLP served as W Energy Software’s legal advisor and Aeris Partners served as its financial advisor.

About True Wind Capital
True Wind Capital is a San Francisco-based private equity firm focused on investing in leading technology companies. True Wind has a broad investing mandate, with deep industry expertise across software, data analytics, tech-enabled services, internet, financial technology, and hardware. Founded in 2015, True Wind has completed 11 platform investments and 20 add-on acquisitions. For more information, please visit https://www.truewindcapital.com.

About W Energy Software
Headquartered in Tulsa, Oklahoma, W Energy Software offers the energy industry a unified ERP solution built for the cloud that is relied on by more than 130 upstream and midstream companies to accelerate business performance, improve operational efficiency, and reduce costs. W Energy Software combines precision-built software in one extendable cloud-based workspace with an intimate understanding of the energy business to deliver solutions that offer flexibility, affordability, and continuous upgrades. With W Energy Software, energy companies stay lean and agile with the tools they need to adapt to market changes and meet evolving customer needs head-on, all while gaining the confidence that their business is running on the latest technology. For more information, please visit www.wenergysoftware.com.

About M33 Growth
M33 Growth is a venture and growth-stage investment firm that partners with founders and CEOs who have successfully bootstrapped their companies to strong growth and are positioned to rapidly scale their companies and breakthrough as market leaders. With deep experience fueling sales and marketing engines, driving acquisitions, and building value through data assets, M33 Growth seeks to propel portfolio companies to succeed in their markets. Founded by veterans of renowned investment firms with considerable operational experience, the Boston-based firm seeks to invest in companies in the software, healthcare, and services sectors throughout North America. Learn more at https://www.m33growth.com/.

Media Contacts:
For True Wind Capital:
Jonathan Gasthalter/Nathaniel Garnick
Gasthalter & Co.
(212) 257-4170

For W Energy Software:
Ben Parker
Stratos Agency
(281) 636-9055
ben.parker@stratosagency.com

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Partners Group sells Voyage Care, a leading UK specialist care provider

Partners Group

London, UK; 14 January 2022

  • Voyage Care supports over 3,500 people and has more than 10,000 staff
  • The Company has industry-leading quality ratings from the Care Quality Commission
  • During its ownership, Partners Group invested in increasing the scale and quality of care

Partners Group, a leading global private markets firm, acting on behalf of its clients, and Duke Street, a European mid-market private equity group, have agreed to sell Voyage Care (or “the Company”), a provider of specialist care in the UK, to Wren House, the London-based global infrastructure investment manager.

Founded in 1988 and headquartered in Lichfield, Voyage Care provides specialist care and support to people with learning and physical difficulties, brain injuries, autism, and other complex needs across the UK. A large majority of those supported by the Company typically require high levels of support throughout their lives. Voyage Care supports over 3,500 people and has more than 10,000 members of staff. The Company’s commitment to delivering the highest quality care is demonstrated by its industry-leading quality ratings. In England, 95%[1] of Voyage Care’s registered care homes are rated as ‘Good’ or ‘Outstanding’ by the independent Care Quality Commission, which far exceeds the market standard.

Partners Group and Duke Street acquired Voyage Care in 2014 alongside its management team. Key value creation initiatives introduced during the past seven years of ownership include deepening the healthcare experience of its best-in-class management team with key strategic hires, continuing to invest in increasing its market-leading quality of care, further developing its specialisms, and expanding capacity via developments and select acquisitions. Voyage Care is well-positioned to continue consolidating the specialist care market whilst achieving its purpose of providing great quality care and support to those it serves.

Andrew Cannon, Chief Executive Officer, Voyage Care, comments: “Voyage Care has a strong operational and reputational track record which has been driven by the successful execution of our growth strategy. Partners Group and Duke Street have been hugely supportive, investing in the key resources needed to maintain our position as a leading specialist care provider in the UK. We strive to deliver the highest possible levels of care across all our communities, as well as attract and retain the most skillful and dedicated care professionals.”

Andrew Deakin, Managing Director, Private Equity Services, Partners Group, says: “Voyage Care makes a lifelong difference to the people and families it supports, which resonates strongly with Partners Group’s mission to create lasting, positive stakeholder impact. During our holding period, we worked with Voyage Care’s experienced management team to grow the Company sustainably, whilst ensuring it never lost sight of its mission to deliver the highest-quality care. We firmly believe that Voyage Care now has solid foundations on which to build and continue its success story.”

Remy Hauser, Managing Director, Private Equity Health & Life, Partners Group, adds: “The specialist care market remains highly fragmented in the UK, with a range of different providers catering to very specific needs. This has created growth opportunities for Voyage Care, which has acquired and carefully integrated several specialist learning and pediatrics care providers during our ownership, in addition to organically expanding its business to meet changing needs. Through this dual approach, Voyage Care has helped to ensure consistently high standards of care quality across its different specialisms. We wish the management team all the best for the future.”

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Carlyle acquires 8 prime distribution logistics assets in Germany

Carlyle

Munich, Germany, 13 January 2022 – Global investment firm Carlyle (NASDAQ: CG) today announced that it has acquired 8 distribution logistics assets, located close to major urban hubs in Germany.

The assets, which totals 62,000 sq m in aggregate, are situated in key metropolitan areas in Germany, and are complementary to Carlyle’s existing distribution logistics portfolio in Europe. Spread across five separate transactions, Carlyle has acquired two assets located close to Düsseldorf, two assets close to Munich, two assets in Bremen and single assets in the Cologne and Stuttgart regions.

Equity for the investment came from Carlyle Europe Realty (CER), Carlyle’s pan-European real estate platform. In October 2020, CER acquired a portfolio of 27 distribution logistics assets in France and Germany, added three additional German assets to the platform in January 2021 and acquired a single German asset in March 2021. These additional acquisitions increase the scale of the platform and continue to extend CER’s exposure to the German distribution logistics segment, a core part of its investment strategy in Europe.

The European logistics market, an area of focus for CER since 2016, has experienced a surge in growth in recent years. There has been an increased shift towards e-commerce as a result of the Covid-19 disruption, accelerating demand for distribution logistics space in established metropolitan hubs.

Erik Orbach, Director on the Carlyle Europe Realty advisory team, said: “Germany represents one of Europe’s most established markets for prime urban logistics assets and we are delighted to increase our exposure in this core geography. This string of acquisitions represents a continuation of CER’s focus of identifying high-quality assets strategically located close to major urban hubs.”

CER has been active in the distribution logistics space in recent months including in markets such as France, UK, the Netherlands, and Italy, and has also announced a partnership with Montano Real Estate to invest in logistics assets with a focus on distribution assets in Germany.

CER’s advisory team for this latest set of acquisitions consisted of DLA Piper, PMJL, PWC, and Actum Real Estate Investment.

 

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About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $293 billion of assets under management as of September 30, 2021, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 1,800 people in 26 offices across five continents. Further information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.

 

Press Inquiries:

Charlie Bristow

Charlie.bristow@carlyle.com

+44 (0) 7384 513568

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KKR and Velero expand residential real estate portfolio with the acquisition of around 14,400 units from Adler Group

KKR

January 13, 2022

• KKR acquires c. 14,400 residential and commercial real estate units in an asset deal from Adler Group
• The portfolio will be managed by KKR’s portfolio company Velero, and is complementary to Velero’s existing footprint with units located in eastern Germany, the greater Berlin area and North Rhine-Westphalia
• All existing rental agreements and leases as well as c. 170 employees connected to the portfolio will be assumed

Frankfurt, Berlin, 13 January 2022 – KKR, a leading global investment firm, today announced that KKR has signed definitive agreements to acquire a portfolio of c. 14,400 residential and commercial real estate units from Adler Group. The vast majority of the units are residential. The properties will be managed by KKR’s portfolio company Velero, a fully integrated platform for residential property and asset management. Most of the acquired units are located in strong and stable markets in which Velero is already active, including the cities of Cottbus, Leipzig, Halle, Erfurt, Jena, Dresden and Chemnitz, as well as other cities in eastern Germany, the greater Berlin area and North Rhine-Westphalia.

As a result of the transaction, the managed portfolio has grown to more than 23,000 residential real estate units, making it one of the largest privately-held real estate companies in the German residential real estate market (by number of managed residential units).

Jan Baumgart, Managing Director and Head of Real Estate Germany at KKR, commented: “The acquisition of this portfolio is a testament to our ability to execute on highly attractive opportunities in the German residential real estate market. We look forward to working with Velero to enhance the quality of living, improve the energy efficiency, reduce vacancy and drive operational improvements. We will invest substantially into the properties to achieve these objectives.”

Sascha Giest and Thomas Lange, co-CEOs and founders of Velero, added: “We are very proud to have, together with KKR, sourced such an attractive and rare portfolio through our long-standing network within the German real estate community. This transaction marks a milestone in the growth journey of Velero. The acquired units make for a valuable addition to our existing portfolio of managed properties and our location strategy. The acquisition of the portfolio will enable us to leverage economies of scale in property management – all while ensuring a smooth transition and high-quality services to our tenants.”

In addition, Velero will take on all c. 170 Adler employees performing operational and other asset-related tasks in relation to the acquired portfolio. This will ensure that on-site support for tenants will continue to be provided by the staff that is already well-acquainted with both the properties and tenants.

Lease contracts for all tenants of the portfolio will remain unchanged by the transaction in order to continue providing high-quality housing at affordable rates.

KKR makes its investment from Real Estate Partners Europe II (REPE II) and other managed funds. The transaction is structured as an asset deal and subject to customary closing conditions for an asset deal and clearance by the German Federal Cartel Office.

About KKR
KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About Velero
Founded in 2015, Velero is a Berlin-based asset manager specializing in the acquisition and management of German residential real estate with a focus on affordable housing. With the acquisition of a majority stake by leading global private equity firm KKR in 2020 the company has evolved into a fully integrated residential real estate platform. Together with its partners, Velero invests in residential portfolios in emerging cities and regions across Germany. In addition to transactions and financing, the range of services includes the complete value chain of asset management, property management and facility management. The portfolio managed by Velero consists of more than 23,000 residential units with a current focus on the eastern German states and North Rhine-Westphalia.

Media Contacts

KKR Germany

Finsbury Glover Hering
Thea Bichmann
Mobile: +49 172 13 99 761
Email: thea.bichmann@fgh.com

Finn Bode
Mobile: +49 151 16 30 36 59
Email: finn.bode@fgh.com

Velero

Jürgen Herres
Feldhoff & Cie.
Mobile: +49 176 60 73 86 82
E-Mail: jh@feldhoff-cie.de

Anke Sostmann
Feldhoff & Cie.
Mobile: +49 159 04 02 85 05
E-Mail: as@feldhoff-cie.de

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Allecra Therapeutics and ADVANZ PHARMA Sign Exclusive License and Supply Agreement for Allecra’s Antibiotic Cefepime/enmetazobactam in Europe

Andera Partners

Allecra receives upfront, development and commercial milestone payments, in addition to double-digit royalties
• ADVANZ gains commercial rights for cefepime/enmetazobactam in the European Union, the United Kingdom, Switzerland, and Norway
• Cefepime/enmetazobactam has completed a Phase III clinical trial against standard of care in treating complicated urinary tract infection, including acute pyelonephritis

ADVANZ PHARMA Corp. Limited (“ADVANZ PHARMA”), a specialty pharmaceutical company with a strategic focus on hospital medicines in Europe, and Allecra Therapeutics (“Allecra”) today announced that the companies have signed an exclusive license agreement under which ADVANZ PHARMA gains the rights to develop and commercialize Allecra’s antibiotic drug candidate cefepime/enmetazobactam within the European Union, the United Kingdom, Switzerland, and Norway. In exchange for the exclusive license, Allecra will receive an upfront payment and development and sales milestones for cefepime/enmetazobactam, as well as double-digit tiered royalties. In addition, the two companies have signed a supply agreement under which Allecra will supply the cefepime/enmetazobactam finished product in the agreed upon territories. No further financial details have been disclosed.

“ADVANZ PHARMA is building a leadership position in Europe as a specialty pharmaceutical company and they are an ideal commercialization partner for Allecra as we advance toward regulatory submission for cefepime/enmetazobactam,” stated Andreas Kranzusch, Chief Financial Officer at Allecra Therapeutics. “This agreement, together with our license agreement with Shanghai Haini for commercialization in China, reflects the understanding that there remains a need worldwide to address the dangerous increase of resistance  to standard-of-care antibiotics. The pandemic has only heightened this awareness.”

Graeme Duncan, Chief Executive Officer of ADVANZ PHARMA, commented: “The importance of antibiotics and the quest to find new agents to overcome the issue of increasing resistance cannot be underestimated. As we continue to push forward with our goal to become the partner of choice for commercializing hospital medicines in Europe, this is a great addition to our anti-infectives portfolio, and will further help enhance choice and access for patients. We look forward to adding cefepime/enmetazobactam to our portfolio upon regulatory approval.”

Cefepime/enmetazobactam is a combination of enmetazobactam, a extended-spectrum β- lactamase inhibitor, combined with the 4th generation cephalosporin cefepime. Due to their efficacy and safety, β-Lactams are the most widely used class of antibiotics, referred to commonly as penicillins and related β-lactam classes of cephalosporins, and cephamycins, among other names. Due to the extensive use, a growing number of pathogens have become resistant to a wide range of β-lactam antibiotics, posing a growing risk in both developed and developing countries. In the US alone, Extended-Spectrum β-lactam Resistant Pathogens (ESBLs) have increased >50% over a 6-year period. The consummation of the licensing transaction is subject to regulatory approval and other customary conditions precedent.

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CBRE with Devar Claims and Overlord SPV sell NPL portfolio with €60m GBV in the secondary market to vehicles advised by AnaCap

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Anacap

CBRE, a worldwide leader in real estate advisory services announces it has supported Guber Banca and securitisation vehicles Devar Claims and Overlord SPV in the disposal of a NPL portfolio with a Gross Book Value (“GBV”) of more than €60 million to vehicles advised by AnaCap Financial Partners (“AnaCap”).

For the process, CBRE structured two phases to enable the secondary market sale of the real estate secured loans. The portfolio, which comprises 6 borrowers, is characterised by a large component of Cash-in-Court strategy.

Andrea Calzavacca, Head of Loan Advisory & Alternative Investments at CBRE Italy, commented: “Distressed credit opportunities linked to secondary market trades represent a key part of the current market dynamics which will follow on from the deleveraging activity witnessed in recent years.”

He continued: “This deal also demonstrates the depth of secondary market sales, as well as our ability to select suitable investors interested in such products. The clear appetite for these opportunities paved the way to structure the process in the two phases that were ultimately executed. Strong interest in these opportunities, together with the participation of institutional parties on both sides of the transaction, has meant the process closed in less than two months which is a testament to all parties involved.”

Natalia Joubrina, Investment Director, Credit at AnaCap, commented: “AnaCap continues to be a key player in the lower to mid-market space where we see attractive opportunities across the credit landscape in the Italian market, including secondary NPL market opportunities. AnaCap has been a very active investor in the Italian market since 2012 and we look forward to deal flow in the geography across different asset classes including Non-Performing Loans, Performing Loans, Direct Real Estate and Corporate Credit. Our extensive knowledge of the Italian market combined with a local presence has enabled us to deliver consistently with regular seamless and efficient execution. Our ability to provide flexible and tailored solutions in the Italian market where we have strong track record enabled us to secure this deal in a limited competition process.”

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Active Capital Company launches Special Investment Fund

ActiveCapital

Active Capital Company (“ACC”), a hands-on investor in Dutch and German technical SME companies, has raised a Special Investment Fund, which focuses on investments where the circumstances are challenging or the transaction situation is complex, such as in certain carve-outs. The fund focuses on industrial companies in the Netherlands and Germany with a turnover of € 10m to € 100m.

ACC sees a combination of factors that are expected to lead to a wave of restructurings of businesses that are healthy in their core. Covid is such a factor, but certainly not the only and most important one. “Rising inflation, tight labour markets conditions and severe shocks in various value chains are other examples of factors that will lead to more problems within the corporate sector.” said Werner Krabbe, newly appointed partner at Active Capital Company. Krabbe has a broad background in strategy, investing and operations, amongst others at Triacta, H2 Equity Partners and OC&C Strategy Consultants.

Many SMEs work with relatively large suppliers and customers, and therefore may be of risk to get stuck with their working capital and translating higher costs into sales prices. Dick Zeldenthuis, Managing Partner of Active Capital Company, continues: “We are delighted with the arrival of Werner. The causes of this shift are both incidental and structural in nature. This mix of developments will lead to situations in which, besides additional capital, the transformation of businesses will be central. Fast and thorough decision making, and the necessary flexibility in structure, enables us to come to a tailor made solution within weeks.”

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Arseus Medical Group announces new partnership with Heart Medical Europe BV

GIMV

13/01/2022 – 09:00 | Portfolio

Heart Medical Europe BV is a distributor of interventional (paediatric) cardiology, interventional radiology and cardio-thoracic surgery products in the Benelux. As a Belgian top player and reference in the distribution of medical and paramedical products, Arseus Medical wants to be a partner in innovation for the healthcare sector and offer their customers the best brands in their domain.

We are convinced that this partnership makes both the Arseus Medical Group and Heart Medical Europe BV a lot stronger. The motto of our group is ‘Together strong in patient care’. As a distributor, we want to be a partner to our customers in the healthcare sector in terms of

innovation and expertise. We want to be a house of specialists that our customers can rely on. And Heart Medical’s philosophy fits in nicely with that. The extensive expertise of their people over the years has enabled them to build a strong position and make a difference for their customers.
We look forward to setting out on the road to further growth and innovation together in 2022.

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