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Main Capital backs Swedish financial software player Björn Lundén

Main Capital

Stockholm, July 7, 2021- Software investor Main Capital backs Björn Lundén. Björn Lundén is one of the leading players offering financial software for SME and accountancy customers in the Swedish market. With a team of 120 employees headquartered in Hudiksvall, Sweden, the company serves over 30.000 customers with a comprehensive portfolio of solutions. Main Capital will acquire a majority stake in Björn Lundén.

Building on its heritage as accountancy and bookkeeping publisher and course provider, Björn Lundén shifted towards delivering modern software solutions in the early 2000’s. This in-depth heritage of knowledge combined with a suite of modern cloud solutions creates a unique value proposition for accountancy firms and SME’s in the Swedish market. Björn Lundén’s products provide customers with intuitive solutions in accounting, billing, reporting, consolidation, payrolling, legal and tax administration to optimize workflows, provide actionable insight and follow latest regulations.

With the support of Main Capital, Björn Lundén will initially focus on further strengthening its market position in Sweden through a combination of organic growth and a buy-and-build strategy, focused on acquiring complementary solutions to provide additional value for its customers. Main Capital has significant experience in the financial software market through successful investments in companies such as KING Software, Cleversoft and Onguard.

Charly Zwemstra (Managing Partner Main Capital Partners): “Björn Lundén is a strong household name for accountancy software in Sweden and has been very successful in its transformation towards becoming a modern SaaS vendor. We see good opportunity to leverage Main’s previous experience in this market and together with the management team we will focus on building out Björn Lundén’s already strong market position, through further product development and a selective buy-and-build strategy.”

Ulf Svensson (CEO Björn Lundén): “We are ready to begin the next chapter in our journey and doing so while maintaining our independence, in an increasingly consolidating industry, is particularly exciting. With our strong proposal including both software and content and organic growth we now add Main´s successful “Buy and build”-strategy. This will enable us to compete for the top positions of our industry.”

About Björn Lundén
Björn Lundén founded in 1987, provides accounting and financial software solutions targeted at accountancies and SMEs. From its office in Hudiksvall, the company serves over 30.000 companies in the Swedish market. The company has developed a comprehensive portfolio of solutions and tools for administration, finance, accounting, tax, legal and personnel administration and in addition offers knowledge tools, books and courses in the aforementioned areas.

About Main Capital
Main Capital is a strategic investor with an exclusive focus on the software sector in the Benelux, DACH and Nordics. Main has a long-term horizon around successful partnerships with management teams, with the aim of building larger software groups together. Main has approximately € 1 billion in assets under management for investments in mature and growing software companies. Within the software sector, Main is the most specialized player in management buyouts and later-stage growth capital for acquisitions. An experienced team of professionals manages these strategic investment funds from offices in The Hague, Düsseldorf and Stockholm.

Main Capital’s current portfolio includes fast growing software and SaaS-software companies such as SIVIS (DACH, SAP), Paragin (NL, Learning software), FOCONIS (DACH, financial services software), Relyon (NL, fieldservice management), Perbility (DACH, HR software), Pointsharp (SE, Security Software) MACH AG (DACH, government software), Textkernel (NL, HR software), Exxellence (NL, government software), WoodWing (NL, ECM/DAM software), Alfa (SE, healthcare/government software), Optimizers (NL, SCM software), Assessio (SE, HR software), GBTEC (DACH, BPM/GRC software), Onventis (DACH, procurement software), HYPE Innovation (DACH, innovation management software), cleversoft (DACH, RegTech), Enovation (NL, healthcare software), SDB Group (NL, healthcare HR software), Jobrouter (DACH, BPM/WFM software), GOconnectIT (NL, GIS/FSM software), Inergy (NL, BI software), KING Software (NL, ERP/accounting software), Artegic (DACH, marketing software), OBI4wan (NL, social media monitoring software), b + m Informatik (DACH financial services software) and ChainPoint (NL, SCM software).

Successful former companies that grew significantly under Main’s leadership include RVC (NL, healthcare software), Connexys (HR software), Roxit (NL, government software), Axxerion (NL, facilities management software), Ymor (NL, APM software), Onguard (NL, credit management software), Sofon (NL, CRM/CPQ software) and TPSC (NL, healthcare GRC software).

Note for editors:
The sender of this press release is Main Capital. For more information you can contact:

Sonja Hartgring (Manager Marketing & Communications)
Main Capital Partners B.V., Paleisstraat 6, 2514 JA, The Hague
+31 (0) 70 324 3433 / +31 (0) 6 24 22 71 06
sonja@main.nl
www.main.nl

Press in the Nordics:
Wessel Ploegmakers (Partner & Co-head Nordics)
Artillerigatan 6, 114 51, Stockholm, Sweden
+46 (0) 73 261 1700
wessel@maincapital.se
www.maincapital.se

Ulf Svensson (CEO Björn Lundén)
Näsviksvägen 23, 820 64, Näsviken, Sweden
+46 (0) 70 444 9043
ulf.svensson@bjornlunden.se
www.bjornlunden.se

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Ardian signs lease agreement with international law firm Allen & Overy, for “Renaissance Project”, Paris based office complex

Ardian

06 July 2021 Real Estate France, Paris

Paris, 6 July 2021 – Ardian, a world leading private investment house, today announces the formal signing of a lease with Allen & Overy for the historic building complex, known as the “Renaissance Project”. Ardian acquired the building site in May 2018 to redevelop and refurbish it.

Centrally located in the heart of Paris’ Golden Triangle, 32 rue François 1er the building complex was the former headquarters of Europe 1. It is currently being redeveloped and, on completion, will provide office space encompassing around 6,900 sq.m of office space and a further 2,300 sq.m of retail space.

The building is composed of private mansions on Rue François 1er and is connected to a newly constructed six-storey building. The project, designed by the architectural firm, CALQ, and decorator Tristan Auer, aims to combine the building’s rich heritage with modern needs, while ensuring environmental efficiency.

The building will envelop gardens, patios, and green terraces – with works scheduled for completion by the end of 2021.

By choosing this office complex for its future Paris office, the international business law firm Allen & Overy, member of the “Magic Circle”, will offer its Paris based employees a modular and resolutely modern working environment for the next 12 years. The space will enable collaboration among teams and provide an exceptional location for meetings with clients.

Stéphanie Bensimon, Head of Ardian Real Estate explains: “We are very proud to have concluded this agreement with the renowned law firm Allen & Overy. The Renaissance Project is an emblematic transaction of our AREEF I fund initiated in 2017, which invests in value-creating transactions. The signing of this lease prior to delivery demonstrates our team’s ability to completely transform obsolete assets into unique buildings – preserving their historical character yet designing them for the future.”

Sébastien Bégué, Director at Ardian Real Estate, commented: “This was an exceptional opportunity for us to design a building in the heart of the Golden Triangle – arguably the most attractive area for office location in the heart of the city. The complex is now largely newly constructed and offers a high degree of flexibility – which is much sought after for innovative offices. We also see the success of this agreement as further proof of the resilience of the Parisian high-end market. It proves our case, that, well-located, high-quality buildings continue to attract high-profile tenants looking to optimize workspace and attract talent.”

Hervé Ekué, Managing Partner of Allen & Overy in Paris, added: “This move is part of the firm’s dynamic growth and marks an important step in Allen & Overy’s development in France. We would like to thank the Ardian team for their flexibility and support in this. We are certain that these new premises will enable us to transform our office offering. Now, boasting more open and bright spaces, we expect that this space will enhance working conditions, encourage collaboration, and innovation, while contributing to the well-being of each individual. Our new address also expresses the firm’s desire to continue to offer its clients an exceptional place to meet.”

The signing of this BEFA follows the signings of long-term leases on the RIO and Great projects, also developed by Ardian Real Estate, in the central business district of Paris.

LIST OF PARTICIPANTS

  • Ardian

    • Ardian was advised by Linklaters, BNP, JLL AMO.

 

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of more than US$112bn managed in Europe, South America, North America and Asia. The company is majority-owned by its employees and generates sustainable, attractive returns for its investors.
Through its commitment to positive outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth. Ardian’s investment philosophy is aligned with the three guiding principles of excellence, loyalty and entrepreneurship.
Ardian maintains a global network with more than 700 employees and 15 offices in Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), South America (Santiago de Chile), North America (New York and San Francisco) and Asia (Beijing, Seoul, Singapore and Tokyo). It manages funds on behalf of more than 1,100 clients in five investment areas: Fund of Funds, Direct Funds, Funds of Funds, Infrastructure, Private Debt and Real Estate.
Follow Ardian on Twitter @Ardian

www.ardian.com

Press contacts

ARDIAN – Headland

GREGOR RIEMANN

griemann@headlandconsultancy.co.uk Tel: +44 7920 8026 27

 

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cleversoft group and CDDS Join Forces with the Support of Main Capital

Main Capital

Luxembourg/Munich, July 6, 2021 – cleversoft group, the Munich-based RegTech provider for the financial services sector, together with software investor Main Capital, announces the 100% acquisition of CDDS Luxembourg S.A. and CDDS International S.A. (together “CDDS”), a software and data provider group, based in Luxembourg, that specializes in Know your Customer (KYC) and Anti-Money Laundering (AML) solutions.

Customer Due Diligence Solutions (CDDS), founded in 2009 by Philippe Lassine, has developed into a market-leading provider in the Luxembourg GRC (Governance, Risk & Compliance) sector. CDDS provides Anti-Money-Laundering (AML) software that can automatically carry out checks for official sanctions, Politically Exposed Persons (PEP) lists, and adverse media for single client names and large databases — something unique in the industry. The automation of these types of checks ensure adherence to various AML and KYC compliance regulations while providing risk classifications for each individual.

In addition to the software solution, CDDS also maintains and updates a comprehensive database to perform the name checks and is therefore not dependent on a third-party vendor. The company currently serves over 700 clients in the financial services industry and adjacent verticals (e.g. banks, asset managers, trust service providers), which are located in 42 countries especially in Luxembourg, Monaco, Switzerland, France and the Netherlands.

CDDS marks the third step in cleversoft’s buy and build strategy after the combination with the risk and regulatory reporting expert SecondFloor in 2019 and the Financial Crime Risk Surveillance solution provider BusinessForensics in 2020. The product portfolio of CDDS is complementary to cleversoft’s current AML offering and fits well into the group’s path to establish its Financial Crime Suite as the one-stop-shop solution in the market for the increasing AML/KYC obligations that financial institutions are facing under the 6th European AML directive. Together, cleversoft group and CDDS create an organization with more than 180 employees and a strong footprint in the DACH, Benelux, Nordics and French regulatory compliance markets. Over the last years both companies grew organically with ca. 20% p.a. and are on track to jointly reach over EUR 20M in revenues in 2021.

Partnership cleversoft – CDDS – Main Capital

René Blaschke, Managing Director of cleversoft, explains the strategic rationale of the acquisition: “We are very excited to welcome Philippe and his team to the cleversoft family. By joining forces with CDDS, cleversoft strengthens its footprint in the French-speaking part of Europe and further enriches its product portfolio, thus being able to extend its AML/KYC platform offering for all its clients. The merger opens new opportunities for both companies to jointly grow in the GRC market and beyond.”  

Philippe Lassine, CEO of CDDS, adds: “We are really looking forward to work with cleversoft and their international ecosystem to provide our clients with a broader offering to comply with their regulatory obligations. Over the last 12 years, CDDS evolved into a leading player in the European AML market. With cleversoft, we found the right partner for the next growth phase of our company. We are therefore happy to contribute to the further development of CDDS and the new group, and look ahead with great confidence.”

Sven van Berge Henegouwen (Partner Main Capital DACH): “Main Capital and cleversoft follow a joint buy and build strategy since 2018 in order to complement the group’s product offering and strengthen its leading position in the European RegTech market. We are very impressed by CDDS’ development and how the team positioned the company in the GRC market. With their specialized KYC and AML solutions, the offering is highly complementary to the current ForensicCloud solutions from BusinessForensics, thus providing further value for all customers.”  

About cleversoft
Founded in 2004, the cleversoft group is a leading cloud-based RegTech provider for financial services. The company is headquartered in Munich with offices in Amsterdam, The Hague, Frankfurt, Nuremberg, Luxembourg and Sofia. cleversoft provides digital solutions to more than 300 financial institutions around the globe to support business processes for regulatory documents, marketing materials, as well as commission payments including regulations like MIFID II, 6AMLD, PIFI2, Solvency II, IFRS 17, PRIIPs, IORP.

About CDDS
Founded in 2009 in Luxembourg, CDDS is a holistic software developer and data provider specialized in Anti-Money-Laundering (AML) solutions for banks, asset managers, and other financial institutions. With a strong experience in GRC (Governance, Risk & Compliance), CDDS’ solutions help their clients to be compliant with regards to their AML obligations throughout Europe.

 About Main Capital Partners
Main Capital is a strategic investor with an exclusive focus on the software sector in the Benelux, DACH and Nordics. Main has a long term horizon around successful partnerships with management teams, with the aim of building larger software groups together. Main has approximately € 1 billion in assets under management for investments in mature and growing software companies. Within the software sector, Main is the most specialized player in management buyouts and later-stage growth capital for acquisitions. An experienced team of professionals manages these strategic investment funds from offices in The Hague, Düsseldorf and Stockholm.

Main Capital’s current portfolio includes fast growing software and SaaS-software companies such as Sivis (DACH, identity management software) Paragin (NL, education software), FOCONIS (DACH, financial services software), Relyon (NL, fieldservice management), Perbility (DACH, HR software), Pointsharp (SE, Security Software) MACH AG (DACH, government software), Textkernel (NL, HR software), Exxellence (NL, government software), WoodWing (NL, ECM/DAM software), Alfa (SE, healthcare/government software), Optimizers (NL, SCM software), Assessio (SE, HR software), GBTEC (DACH, BPM/GRC software), Onventis (DACH, procurement software), HYPE Innovation (DACH, innovation management software), cleversoft (DACH, RegTech), Enovation (NL, healthcare software), SDB Group (NL, healthcare HR software), JobRouter (DACH, BPM/WFM software), GOconnectIT (NL, GIS/FSM software), Inergy (NL, BI software), KING Software (NL, ERP/accounting software), Artegic (DACH, marketing software), OBI4wan (NL, social media monitoring software), b+m Informatik (DACH financial services software) and ChainPoint (NL, SCM software).

Successful former companies that grew significantly under Main’s leadership include Sofon (NL, CRM/CPQ software), Connexys (HR software), Roxit (NL, government software), Axxerion (NL, facilities management software), Ymor (NL, APM software), Onguard (NL, credit management software), TPSC (NL, healthcare GRC software) and RVC (NL, healthcare software).

Note for the editor:

For more information, please contact:

Sonja Hartgring (Manager PR & Marketing)
Main Capital Partners
Tel: +31 6 24227106 / +31 (0)70 324 34 33
e-mail: sonja@main.nl

Sven van Berge Henegouwen (Partner)
Main Capital Partners
Tel: +49 173 4823712 / +49 211 731 49 339
e-mail: sven@mainsoftware.de

René Blaschke (Managing Director)
Contact cleversoft group
Tel: : +49 (0) 89 288 511 10
email: rene.blaschke@clever-soft.com

Philippe Lassine (CEO)
Contact CDDS Luxembourg S.A.
Tel: +352 20 21 16 20
e-mail: p.lassine@cdds.lu

 

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Gimv enters partnership with Klotter Elektrotechnik and lays foundation for further growth

GIMV
Topic: Investment

  • Gimv enters a partnership with Klotter, a leading and fast-growing electrical engineering company
  • Werner Klotter, founder and co-owner, joins the advisory board; internal appointees Eric Albrecht and Fabian Klotter form new management team

Gimv has invested in Klotter, setting the first cornerstone for further growth in this fragmented market. Klotter Elektrotechnik (Rheinau, DE – www.klotter.de) offers end-to-end electrical engineering solutions, including service and maintenance, in the fields of transformer stations, industrial automation, distribution boards and building technology. The company, founded in 1997 by Werner Klotter and Roswitha Wiegert-Klotter, employs around 60 people and enjoys an excellent reputation in both its sector and home region.

With its focus on planning and implementation of electrical installations, Klotter sets high quality standards and is already at the forefront of digitalisation in its sector. Its customers include industrial companies as well as hospitals and data centres. The electrical engineering sector is expected to grow strongly in the future, driven by technological advances as well as increasing electrification and digitalisation.

As part of the partnership with Gimv, Klotter is planning for significant growth with both existing and new customers and for a corresponding increase in staff. Further growth is also planned through acquisitions in the fragmented electrical engineering market and in adjacent segments where Klotter will be able share its expertise in the areas of digitalisation, quality assurance and process efficiency. Werner Klotter will support the group as an advisory board member, while Eric Albrecht and Fabian Klotter advance from within the company’s ranks to form the new management team of Klotter.

“With Gimv, we have found a strong partner with longstanding experience in developing and expanding mid-sized businesses. I am convinced that Klotter Elektrotechnik will continue to grow and, at the same time, keep its entrepreneurial and agile company spirit. In addition, we can now acquire companies in our region and further afield. Our employees can look optimistically into the future”, explains Werner Klotter, founder of Klotter Elektrotechnik and co-owner.

Maja Markovic, Partner at Gimv and responsible for Gimv’s Sustainable Cities platform in the DACH region, adds: “In the coming years, the electrical installation sector will see strong growth, especially due to upgrading of outdated buildings and infrastructure, electrification and digitalization of production and buildings as well as increasing electromobility. We are pleased to have set a first cornerstone in this field with such an exciting and dynamic company as Klotter.”

The investment is part of Gimv’s Sustainable Cities platform, which focuses on both B2B services and sustainability across a range of sectors. The transaction has been closed and represents Gimv’s sixth transaction in 2021 as well as the sixth buy & build investment in the DACH region. Further financial details will not be disclosed.

Read the full press release:

English – French – Dutch – German
Gimv
Karel Oomsstraat 37, 2018 Antwerpen, Belgium
www.gimv.com

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Latour invests in software company to accelerate digital service offering

Latour logo
2021-07-05 08:30

Investment AB Latour has, through its wholly-owned subsidiary Swegon Group AB, signed an agreement to acquire the majority in the Finnish digital software company 720° (Seven Twenty degrees). 720° was founded in 2012 and has 8 employees with the head office in Helsinki. The company provides analytical software to monitor, visualise and predict the indoor climate in buildings. This investment will accelerate Swegon’s offering in digital services and strengthens Swegon’s position as one of the leading companies for indoor environment solutions. 720° currently has their offering in place at over 200 buildings, mainly in Finland. Net sales in 2020 amounted to 0.5 MEUR.

“We are very happy to announce this strategically important investment with 720°. 720° is in the forefront of monitoring, analysing, and visualizing the indoor climate and it gives Swegon a unique position as full-service providers of indoor climate solutions. We will together with 720° not only visualize the indoor climate, but also provide suggestions of how to improve the environment in a building. The indoor environment has in the past year become increasingly important and more and more people are becoming aware of the effect that it has on our health and productivity. Since the indoor environment is invisible and complex, we want to be able to provide property owners, tenants and other building users with clear insights and suggestions on their indoor environment”, says Andreas Örje Wellstam, CEO at Swegon Group.

“Both Swegon and 720° have a focus on indoor environmental quality and in particular from the human perspective. This partnership combines our technologies and services and allow us to reach a much larger customer base and even new markets. 720°’s knowledge and technological development of monitoring, analysing, and visualizing the indoor climate complements Swegons current portfolio in a very good way”, says Rick Aller, founder, and CEO of 720°.

The investment will be completed in August 2021.

Göteborg, 5 July, 2021

INVESTMENT AB LATOUR (PUBL)
Johan Hjertonsson, CEO

For further information, please contact:
Andreas Örje Wellstam, CEO Swegon +46 31 89 58 00
Matthew Goodrick, Corporate Development Swegon +46 31 89 58 00

Swegon Group is a market leading supplier in the field of indoor environment, offering solutions for ventilation, heating, cooling and climate optimisation, as well as connected services and expert technical support. Swegon has subsidiaries in and distributors all over the world and 16 production plants in Europe, North America and India. The company employs more than 2 600 people and in 2020 had a turnover of 6 billion SEK.

Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listing holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of nine substantial holdings with a market value of about SEK 83 billion. The wholly-owned industrial operations has an annual turnover of SEK 15 billion.

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EQT Infrastructure to acquire Cypress Creek Renewables, a leading integrated renewable energy platform in the US

eqt
  • EQT Infrastructure will support Cypress Creek’s continued growth and strategic vision – through development pipeline execution, fleet optimization and expansion, and scaling of the operations & maintenance services business
  • The acquisition of Cypress Creek marks EQT Infrastructure’s first acquisition of a renewable energy platform in the US and directly aligns with EQT’s thematic approach to investing in sustainable, values-focused businesses
  • Cypress Creek will benefit from EQT’s global advisor network and in-house digitalization and sustainability expertise

EQT is pleased to announce that the EQT Infrastructure V fund (“EQT Infrastructure”) has agreed to acquire Cypress Creek Renewables (“Cypress Creek” or the “Company”), a leading vertically integrated renewable energy platform, from certain funds managed by HPS Investment Partners, LLC (“HPS”) and Temasek.

One of the leading solar and storage energy companies, Cypress Creek develops, owns, and operates projects throughout the US. With approximately 300 employees, the company’s integrated platform provides the foundation for continuous innovation, securing the company’s leadership position in the energy transition.

The Company operates across 25 states, with 1.6GW in operating assets and a proven track record, having commercialized 11GW since inception in 2014. Cypress Creek is deeply rooted in the U.S. renewable energy market, offering a full suite of services across utility-scale and distributed solar and storage, with an expansive pipeline of future development and O&M services opportunities.

Cypress Creek, with its forward-thinking leadership team, is well-positioned to take advantage of the growing renewable energy market and continued investment in the US, supported by expanding federal and state policy, technology cost optimization, and corporate sustainability goals.

EQT Infrastructure is committed to building upon the success of Cypress Creek by making investments in operational, organizational, digital and sustainability initiatives to help the Company continue expanding and differentiating. EQT will leverage its extensive global experience of partnering with renewable energy and sustainability driven businesses, and network of global EQT advisors, to support Cypress Creek in its next phase of growth, as the Company continues to execute on its objective of becoming the most reputable sustainable energy company in the market.

Alex Darden, Partner within EQT Infrastructure’s Advisory Team, said, “Cypress Creek plays a critical role in North America’s renewable energy development and infrastructure market. Its platform is optimally situated to benefit from tailwinds of increasing and durable demand for clean and responsible energy. EQT is excited to invest in and partner with CEO Sarah Slusser and the entire Cypress Creek team as the Company pursues its next phase of growth and strategic vision. This investment aligns directly with our thematic approach of investing in sustainable businesses that have a positive impact on society. As a responsible investor, we are committed to working with Cypress Creek on transforming and supporting North America’s green energy future.”

Sarah Slusser, CEO of Cypress Creek, commented, “Cypress Creek Renewables is thrilled to have EQT backing our talented team and multi-year growth plan, centered on our mission of powering a sustainable future, one project at a time. With EQT, we will accelerate our sustainable growth in developing the highest-value solar and storage energy projects, providing best-in-class O&M services for ourselves and our customers, and expanding our fleet of operating assets.”

The transaction is subject to customary conditions and approvals and is expected to close in the second half of 2021.

Barclays served as financial advisor to EQT Infrastructure in connection with the transaction and Simpson Thacher & Bartlett LLP served as legal counsel. Morgan Stanley & Co. LLC served as the exclusive financial advisor to Cypress Creek in connection with the transaction and Kirkland & Ellis LLP served as legal counsel.

With this transaction, EQT Infrastructure V is expected to be 35-40 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) based on its target fund size, and subject to customary regulatory approvals.

Contact
Daniel Yunger, daniel.yunger@kekstcnc.com, +1 917 574 8582

About EQT
EQT is a purpose-driven global investment organization with more than EUR 67 billion in assets under management across 26 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 175,000 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 Cypress Creek Renewables
Cypress Creek Renewables is powering a sustainable future, one project at a time. We develop, finance, operate and own utility-scale and distributed solar energy and storage facilities across the US. With 11GW of solar developed and more than 3.7GW under operations and maintenance management, Cypress Creek is a leading solar and storage energy company. 

More info: ccrenew.com

About HPS Investment Partners
HPS Investment Partners is a leading global investment firm with over $72 billion of assets under management as of July 2021. HPS seeks to provide creative capital solutions and generate attractive risk-adjusted returns for clients. HPS manages various strategies across the capital structure that include syndicated leveraged loans and high yield bonds to privately negotiated senior secured debt and mezzanine instruments, asset-based leasing and private equity.

More info: www.hpspartners.com

About Temasek
Temasek is an investment company with a net portfolio value of S$306B (US$214B) as of March 2020. Its three roles as an Investor, Institution and Steward, as defined in the Temasek Charter, shape Temasek’s ethos to do well, do right and do good. Temasek actively seeks sustainable solutions to address present and future challenges, through investment and other opportunities that help to bring about a better, smarter, and more sustainable world.

More info: www.temasek.com.sg

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EQT Private Equity and Goldman Sachs Asset Management to acquire Parexel, a leading global clinical research organization, for USD 8.5 billion

eqt
  • Parexel is a leading global provider of clinical research and consulting services to the pharma and biotech industry
  • Parexel’s services enable the development of innovative new medicines that improve the health of patients across the world
  • EQT Private Equity and Goldman Sachs Asset Management are committed to making significant investments to further Parexel’s offering, including best-in-class service delivery, quality, and client focus

The EQT IX fund (“EQT Private Equity”) and the Private Equity business within Goldman Sachs Asset Management (“Goldman Sachs”) have agreed to acquire Parexel (the “Company”), a leading global clinical research organization from Pamplona Capital Management for an enterprise value of USD 8.5 billion.

Parexel was founded in 1982 and is co-headquartered in Durham, NC and Newton, MA, USA. The Company has significant expertise across the drug development and commercialization continuum, offering a comprehensive suite of outsourced clinical research services, as well as regulatory, market access, and strategy consulting services. Parexel’s services enable the pharma and biotech industry to develop innovative new medicines that improve the health of patients across the world. The Company has a strong patient centric focus, having been a driving force in the market shift towards decentralized clinical trials and increased patient diversity over the last few years. Parexel employs more than 17,000 people and conducts clinical trials in more than 95 different countries.

Eric Liu, Partner and Global Co-Head of Healthcare at EQT, commented, “We have followed Parexel closely during the past few years and have been impressed by the Company’s development and trajectory. Our investment in Parexel reflects EQT’s thematic focus on the life sciences industry, as well as our commitment to partnering with businesses that have a positive impact on society. We are excited to partner with Goldman Sachs for the next stage of Parexel’s journey, and to back Jamie, who prior to his role at Parexel had been a long-time senior advisor to EQT, as well as the rest of the Parexel team.”

Jo Natauri, Partner and Global Head of Private Healthcare Investing within Goldman Sachs Asset Management, commented, “We are thrilled to partner with Jamie Macdonald, the entire Parexel management team and EQT to support Parexel, which has a distinguished track record of delivering clinical excellence to their large pharma and biotech customers globally. We believe this investment will accelerate Parexel’s growth as it builds on the company’s global footprint, strong operational capabilities and expansive healthcare network.”

Jamie Macdonald, CEO of Parexel, commented, “We are proud of what Parexel has achieved over the recent years in collaboration with Pamplona, and the transformative journey that we have embarked on. EQT and Goldman Sachs are two leading global institutions with significant experience and expertise in the healthcare sector, and I am excited to partner with both in the next stage of our journey.”

The transaction is subject to customary conditions, including receipt of applicable regulatory approvals.

Goldman Sachs and Jefferies LLC acted as financial advisors to EQT Private Equity and Goldman Sachs Asset Management, and Simpson Thacher & Bartlett LLP provided legal counsel.

With this transaction, EQT IX fund is expected to be 55-60 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication).

Contact
Daniel Yunger, daniel.yunger@kekstcnc.com, +1 917 574 8582
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About EQT
EQT is a purpose-driven global investment organization with more than EUR 67 billion in assets under management across 26 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 175,000 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 Goldman Sachs Asset Management Private Equity
Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of March 31, 2021. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure. Established in 1986, the Private Equity business within Goldman Sachs Asset Management has invested over $75 billion since inception. We combine our global network of relationships, our unique insight across markets, industries and regions, and the worldwide resources of Goldman Sachs to build businesses and accelerate value creation across our portfolios. 

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About Parexel
Parexel supports the development of innovative new medicines to improve the health of patients. We provide services to help life science and biopharmaceutical clients everywhere transform scientific discoveries into new treatments. From clinical trials to regulatory and consulting services to commercial and market access, our therapeutic, technical and functional ability is underpinned by a deep conviction in what we do. Parexel was named “Best Contract Research Organization” in December 2020 by an independent panel for Informa Pharma Intelligence.

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EQT Private Equity to sell Iver, one of the leading Nordic managed IT services providers

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  • EQT Private Equity sells Iver, one of the leading Nordic managed IT services providers with a multi-cloud offering and complete IT outsourcing capabilities, to ICG
  • EQT Private Equity founded Iver through the merger of Candidator and DGC IT Services with the aim to create a platform for consolidation of the highly polarized and fragmented Nordic market, and has since then completed 10 additional strategic add-ons in Sweden and Norway
  • Under EQT Private Equity’s ownership, Iver has more than tripled revenues, while achieving industry low churn and top ranked customer satisfaction

EQT is pleased to announce that the EQT Mid Market Europe fund (“EQT Private Equity”) has agreed to sell Iver Holding AB (“Iver” or the “Company”) to Intermediate Capital Group plc (“ICG”), a UK-based global alternative asset manager.

Headquartered in Stockholm, Sweden, Iver offers full IT-outsourcing capabilities and focuses on high-growth areas such as multi-cloud, digital transformation, cybersecurity and DevOps-services. Iver is the preferred partner for customers with complex IT needs, such as demanding digital infrastructure, security, and regulatory compliance requirements. As part of its multi-cloud offering, Iver partners with major public cloud vendors, such as Amazon and Microsoft, while offering a proprietary European public cloud alternative, compliant to all industry, regulatory, and security requirements. Iver employs more than 1,300 people across its 25 local offices in Sweden and Norway.

Iver was founded in May 2018 through the merger of EQT portfolio companies Candidator and DGC IT Services, which were acquired in February 2018 and May 2018, respectively. The two companies’ strategically complementary characteristics, along with the market fragmentation, brought unique opportunities to build a platform for industry consolidation.

Since then, EQT Private Equity has supported Iver’s ambitious M&A agenda, and in addition to delivering strong organic growth, the Company has completed 10 strategic add-ons in Sweden and Norway. Iver has transformed into an integrated Nordic industry leader with deep capabilities in high growth areas. The Company has more than tripled revenues over the last three years and generated SEK 2.5 billion in 2020. With support from EQT and the board, Iver has increased its focus on ESG and is measuring, analyzing and following-up on its climate impact and CO2 emissions throughout the Company’s entire supply chain. In addition to complying to multiple ISO certifications, the Company’s datacenters are fully powered by renewable energy.

Albert Gustafsson, Partner within EQT Private Equity’s Advisory Team, commented, ”We are grateful to have worked alongside Iver’s entrepreneurial and visionary management team and employees, who have driven the transformation from an industry challenger into a Nordic leader. Iver is uniquely positioned and is supported by strong structural trends, such as the increasing pace of outsourced IT services and growing demand for IT security. We are confident in management’s ability to continue the successful path with Iver’s new owner.”

Carl-Magnus Månsson, CEO of Iver, said, “Modern digital infrastructure is a fundament for accelerating digital innovation and protecting digital values. We are on an exciting journey, the support from the EQT has significantly contributed to helping us transform the business and accelerate growth by making substantial investments. We would like to thank the EQT team, as well as the Iver board, for their support and we look forward to the next phase in our development together with ICG”.

The transaction is subject to customary conditions and approvals and is expected to close in August 2021. The parties have agreed not to disclose the transaction value.

EQT Private Equity was advised by EY (financial and tax) and White & Case (legal).

Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About EQT
EQT is a purpose-driven global investment organization with more than EUR 67 billion in assets under management across 26 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
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About Iver
Iver develops, packages, and provides IT services that offer digital competitive advantages and enable innovation. We guide our clients through an ever-changing IT landscape and make it easy for them to adopt new technologies and modern methodologies. Our client base spans every sector, and we provide services for medium- and large-sized companies, organisations, and the public sector. Iver’s registered office is in Stockholm, but we operate throughout the Nordic region, where our agenda is one of continued expansion while remaining, at all times, close to our clients. Iver has a turnover of just over SEK 2.5 billion and approximately 1,300 employees who work at one of our 25 offices in Sweden and Norway. We are big, but we are close to our clients, both geographically and at heart.

More info: www.iver.com

Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

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EQT Infrastructure to sell Unilode Aviation Solutions

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  • EQT Infrastructure to sell Unilode Aviation Solutions, the global market leader in specialty aviation infrastructure leasing, to Basalt Infrastructure Partners
  • Unilode provides mission critical equipment to the aviation industry through its unique pooling model that enables a superior and long-term economic proposition for all stakeholders
  • Under EQT Infrastructure’s ownership, the Company completed a transformative growth journey, more than doubled its EBITDA, developed an award-winning IoT solution creating the world’s largest digital Unit Load Devices fleet, while fortifying its global market leadership position

EQT is pleased to announce that the EQT Infrastructure II fund (“EQT Infrastructure”) has agreed to sell Unilode Aviation Solutions (“Unilode” or “the Company”) to Basalt Infrastructure Partners, an independent infrastructure investment firm with a transatlantic focus on mid-market infrastructure.

Headquartered in Zurich, Switzerland, Unilode Aviation Solutions is the global market leader in specialty aviation infrastructure leasing. The Company owns and manages a fleet of 145,000 Unit Load Devices (ULD) that are provided under long-term, full-service leasing agreements to airlines and cargo carriers. ULDs are mission critical containers and pallets used for the transportation of baggage and cargo on aircraft. The Company operates a global network of c.50 service centers that offer a wide array of infrastructure servicing solutions for ULDs and galley carts. The Company launched short-term ULD leasing and digital solutions providing tangible internal benefits and high value-add for its customers, based on equipping ULDs with multi-sensor Bluetooth tags combined with a global interoperable reader infrastructure.

EQT Infrastructure acquired CHEP Aerospace Solutions from the global supply-chain logistics provider Brambles in 2016. Following a corporate carve-out and rebranding to Unilode, EQT Infrastructure initiated a transformative growth journey which allowed the Company to achieve a 100 percent renewal rate in full-service leasing and achieve several major new customers acquisitions.

In addition to steadily broadening its customer base and growing organically, Unilode has expanded its global footprint and opened new service centers in Europe, the Americas and Asia Pacific. Under EQT Infrastructure’s ownership, Unilode also ventured into adjacent areas by introducing a short-term leasing offering in 2019 as natural extension and growth complement to its core product offering. Moreover, the Company launched an award-winning digital solution with the support of EQT’s in-house Digital Team, with Unilode today operating the world’s largest IoT-enabled ULD fleet.

Ulrich Köllensperger, Partner within EQT Infrastructure’s Advisory Team, said, “Unilode is a great example of EQT’s value creation strategy. Under the leadership of a new management team and a complementary industrial board we have made significant investments into the Company and implemented a customer centricity and operational focused value creation plan. Unilode’s growth story is underpinned by strong megatrends such as the sharing economy and digitization and the mission criticality of its offering has been proven during Covid-19 when the business has shown strong resilience. We wish the Company, management, and all its employees every success in the future.”

Benoit Dumont, CEO of Unilode, said, “I joined Unilode because I shared the vision of EQT to create the undisputed global market leader in ULD management. Under EQT’s ownership, we have significantly scaled the business, expanded our customer base and product offering and introduced an award-winning digital solution providing unprecedented insights and visibility for the air cargo supply chain. I see substantial further growth potential in the years to come driven by a new outsourcing wave currently emerging and supported by our pooling synergies and state-of-the art digital infrastructure.”

The transaction is expected to close during Q3 2021.

Deutsche Bank acted as financial advisor and Bär & Karrer as legal advisor to EQT Infrastructure.

About EQT
EQT is a purpose-driven global investment organization with more than EUR 67 billion in assets under management across 26 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
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About Unilode
Unilode owns and manages the world’s largest fleet of approximately 145,000 unit load devices (ULDs), for use in the aviation industry, and owns and operates the largest global network for the maintenance and repair of ULDs and inflight food service equipment. Unilode provides management, repair, short term leasing and digitalisation solutions to over 90 airlines through a network of more than 550 airports, 18 regional offices and 49 certified repair stations, supported by 600+ employees.

More info: www.unilode.com

About Basalt Infrastructure Partners LLP
Basalt Infrastructure Partners LLP is a leading mid-market infrastructure firm wholly owned by its partners with offices in London and New York. The Basalt equity investment funds focus on investments in utilities, power, transport, and digital infrastructure in North America and Europe. Following the successful raising of Basalt III, the Basalt funds have over $5 billion in funds under management and have made investments in 20 companies across the three funds. The current team of 30 investment professionals continue to grow to support the Basalt franchise.

More info: www.basaltinfra.com

Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

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CapMan Buyout exits Solera Beverage Group to Royal Unibrew

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CapMan Buyout Press Release
2 july 2021 at 08:30 a.m. EET

CapMan Buyout exits Solera Beverage Group to Royal Unibrew

Funds managed by CapMan Buyout have agreed to sell Solera Beverage Group to the listed beverage company Royal Unibrew A/S.

Solera Beverage Group is a leading importer and distributor of wine and other beverages in the Nordic monopolised markets. The group houses over 700 world-renowned brands and sold over 44 million litres of beverages, reaching sales of NOK 1.9 billion in 2020.

Royal Unibrew, the Danish multi-regional beverage company listed on OMX Copenhagen, has today entered into an agreement to acquire the shares in Solera Beverage Group from Funds managed by CapMan Buyout. The acquisition will add Norway and Sweden to Royal Unibrew’s geographical footprint while complementing the already established business in Finland.

“During CapMan’s ownership period we have developed the business both organically and through strategic add-on acquisitions. We have seen strong organic growth, on the back of a stable and non-cyclical industry, through several operational initiatives. For example, Solera has expanded the number of brands represented, developed the Multibev business focusing on low and non-alcoholic beverages, and established several own brands during the years.” tells Johan Pålsson, Co-Managing Partner at CapMan Buyout.

“We believe Royal Unibrew is a good new owner of Solera. The strategic fit is strong between the two companies and the combined platform will accelerate the development of the two companies. I want to thank the entire Solera organisation for great cooperation over many years” Pålsson continues.

“I am pleased to welcome Royal Unibrew as a new owner of Solera Group. The combination forms a strong platform for a multi-beverage business across the Nordics and around the Baltic Sea, and I look forward to further develop and grow the business together. At the same time, I want to thank CapMan for their instrumental support in developing Solera during their holding period into a pan-Nordic player with a strong multi-beverage offering.” says Ole Petter Wie, Group CEO of Solera.

CapMan Buyout IX fund made the investment in Solera Beverage Group in 2011. The transaction is expected to close in Q3 2021. The transaction is subject to regulatory approval. Lincoln International acted as financial advisor and Wiersholm as legal advisor to CapMan Buyout in the transaction.

For further information, please contact:

Johan Pålsson, Co-Managing Partner, CapMan Buyout, tel. +46 705 956 224

About CapMan

CapMan Buyout is part of CapMan Group, a leading Nordic private asset expert with an active approach to value-creation in its portfolio companies and assets, with assets under management of close to €4 billion. CapMan has a broad presence in the unlisted market through our local and specialised teams. The investment strategies cover Private Equity, Real Estate and Infra. CapMan also has a growing service business that includes procurement services, wealth management, and analysis, reporting and back office services. Altogether, CapMan employs around 150 people in Helsinki, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are a public company listed on Nasdaq Helsinki since 2001 and a signatory of the UN Principles for Responsible Investment (PRI) since 2012. Read more at www.capman.com.

About Royal Unibrew A/S

Royal Unibrew is a leading regional multi-beverage company providing strong brands to our main markets Denmark, Finland, Italy, Germany, France and the Baltics, and to 65+ countries in the rest of the world. We serve our consumers by offering high quality beverages within beer, malt beverages, soft drinks as well as ciders, ready-to-drink, juice, energy and water products. In addition to our own brands, we offer license-based international brands from PepsiCo and Heineken in Northern Europe.

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