Category Archives: News

New Harbor Capital Portfolio Company Quigley Eye Specialists Partners with Beraja Medical Institute

New Harbour

New Harbor Capital announced today that its portfolio company Quigley Eye Specialists has partnered with Beraja Medical Institute and Douglas Surgery Center (collectively “BMI”), a South Florida leader in the diagnosis and treatment of vision disorders. Led by Dr. Roberto Beraja and Dr. Victor Beraja, Beraja Medical Institute has been providing care to Miami-Dade County for over 30 years and now joins 19 other locations under Quigley Eye Specialists ownership in Florida. This partnership will establish Quigley Eye Specialists’ presence in Miami-Dade County.

“Partnering with BMI is an excellent opportunity for expansion into Southeast Florida,” said Dr. Thomas Quigley, Founder of Quigley Eye Specialists. “Miami-Dade is a vibrant market with impressive growth. For more than 30 years, Dr. Roberto Beraja and Dr. Victor Beraja have been taking great care of patients in Coral Gables and are respected surgeons with exemplary reputations. We look forward to our partnership and are excited about the future growth of the practice.”

The partnership will ensure patients throughout Florida will have convenient access to industry-leading specialists, innovative treatments, and state-of-the-art equipment. Together, Quigley Eye Specialists and BMI have 36 optometric physicians and ophthalmic surgeons with three surgery centers in Southwest and Southeast Florida.

Founded in 1988, Quigley Eye Specialists is one of the nation’s leading multispecialty ophthalmology practices and consists of more than 100 medical professionals, including surgeons, optometrists, retina specialists, and technicians.

BMI represents the sixth follow-on investment for Quigley Eye Specialists since New Harbor completed an equity investment in January 2020, further extending Quigley Eye Specialists’ tenured market leadership position in the Florida market.

About Quigley Eye Specialists

Technology leaders in eye care, Quigley Eye Specialists is one of the nation’s leading multispecialty ophthalmology practices specializing in cataracts, laser cataract surgery, glaucoma, iLASIK, dry eye, eyelid surgery, retinal issues, corneal conditions, routine eye care, and facial plastic surgery. As the number one choice for cataract treatment in Southwest Florida, Quigley Eye Specialists is committed to providing the highest level of quality eye care and service to the community. For more information or a full list of locations, visit www.QuigleyEye.com.

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EURAZEO receives €340M in new commitments to its growth strategy

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Eurazeo

Paris, 3rd February 2021 –
Eurazeo has come to an agreement with a group of international investors that will provide €340m additional investment capacity for its Eurazeo growth strategy. The investors will commit to a newly created continuation fund that will acquire a 32% stake in Eurazeo Growth assets which were financed through the Eurazeo balance sheet. Eurazeo remains fully committed to the development of these companies; it will hold on to the remaining 68% of these assets and will maintain full control through the management of the continuation fund. This transaction remains subject to the satisfaction of certain conditions precedent and is expected to close within Q1 2021.
Through this transaction Eurazeo will receive cash proceeds of €215m. The transaction generates an IRR of c. 25% on the investments that are being realized. Assets are valued in line with the Eurazeo NAV as of 30 June 2020.

The commitments received for this transaction will fund the acquisition of the above 32% stake and provide follow on capital for the relevant portfolio companies, and fund new investments by the Eurazeo Growth team. The investor group is comprised of leading institutional investors in Europe and North America, representing collectively over €500 bn in assets under management. It comprises both returning investors and new relationships.

This transaction is a new milestone demonstrating investor appetite for this strategy launched in 2015 from Eurazeo’s balance sheet. Eurazeo Growth consists of a multilocal (Paris, London, Berlin) team of 15 professionals investing in and developing the next generation of European tech leaders. Together with the Venture Capital team, Eurazeo manages over €4 bn in AuM in fast growing Tech assets.
Yann du Rusquec, Partner at Eurazeo Growth, commented:
“With initial returns on this portfolio of above 25%, and significant new relationships for the Eurazeo Growth team, this is a very significant step for us and validates our vision and the investment model we have built over the years. We are proud that top level international investors trust us with this renewed partnership and look forward to shared success in the years to come. »

About Eurazeo
• Eurazeo is a leading global investment company, with a diversified portfolio of €18.8 billion in assets under management, including €13.3 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, Sao Paulo, Seoul, Shanghai, Singapore, London, Luxembourg, Frankfurt, Berlin and Madrid.
• Eurazeo is listed on Euronext Paris.
• ISIN : FR0000121121 – Bloomberg : RF FP – Reuters : EURA.PA
EURAZEO EURAZEO

PIERRE BERNARDIN
HEAD OF INVESTOR RELATIONS
mail : pbernardin@eurazeo.com
Te l : +33 (0)1 44 15 16 76

VIRGINIE CHRISTNACHT
HEAD OF COMMUNICATIONS
mail:vchristnacht@eurazeo.com
Tel: +33( 1 44 15 76 44

MAITLAND/amo
DAVID STURKEN
mail:dsturken@maitland .co .uk
Tel: +44 ( 7990 595 913

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CVC Capital Partners agrees to joint venture with Shiseido in Personal Care business

CVC Capital Partners

Aiming to maximize potential of Personal Care business and pursue further growth

CVC Capital Partners announced today that CVC Capital Partners Asia Fund V has signed a definitive agreement with Shiseido Company, Limited for the transfer of Shiseido’s Personal Care business (“the New Company”).

The New Company, in which Shiseido will hold a 35% stake and CVC Asia V will acquire 65% as a joint venture, will obtain Shiseido’s strong portfolio of established global brands, including the market-leading haircare brand TSUBAKI and skincare label SENKA.

Founded in Ginza, Tokyo, in 1872, Shiseido is a global beauty brand that operates in approximately 120 countries and regions. Shiseido is known for its nearly 150-year history of innovation and category firsts that have repeatedly set new standards for the entire beauty industry.

“We are delighted to be investing in some of Japan’s most trusted brands cultivated over the years by Shiseido. Further, we are excited to be partnering with Shiseido as we embark on this next chapter of growth,” said Atsushi Akaike, Partner and Co-Head of CVC Japan.

“Using our global network and experience, CVC is committed to making these strong brands even better. Specifically, we see significant potential for growth by investing further in employees, brands, and R&D, as well as by driving digitalization and accelerating overseas expansion, with the possibility of going public in the future,” said Yukinori Sugiyama, Partner and Co-Head of CVC Japan.

The transaction is expected to close by July 1, 2021 and is subject to customary closing conditions (closing of each overseas country and region will be executed in stages).

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9TH build-up for Alliance Etiquettes with the acquisition of ETIQ’ETAINS

Activa Capital

Alliance Etiquettes, the French leader in label printing for the wine & spirits industry, continues its consolidation strategy and announces the acquisition of Etiq’Etains. With this new build-up, Alliance Etiquettes reinforces its leading position in the pewter label printing market in France.
Created in 1998 and based in Nontron (Southwestern France), Etiq’Etains addresses a diversified clientele in the wine & spirits, food and cosmetics label markets.

Alliance Etiquettes thus completes its 9th external growth operation since 2015, bringing its turnover
to over €70m. The group also continues to identify and screen new potential build-ups, both in France and abroad, particularly in Italy and Spain.

Olivier Laulan, President of Alliance Etiquettes, stated: « Etiq’Etains is of great strategic interest to the Alliance Etiquettes group. The strengthening of our positions in pewter, the integration of new customer accounts in the wine, spirits and food-processing segments and the complementarities of production techniques are all assets that will enable us to bring ever greater value and satisfaction to our customers. We are delighted and proud to welcome the Etiq’Etains team to the Alliance Etiquettes group. »
Alexandre Masson et Christophe Parier, Managing Partners of Activa Capital, added: « In line with the plan and ambition of the Alliance Etiquettes project when it was created and in line with previous acquisitions, Etiq’Etains is a further step in the project to consolidate the label publishing and printing sector in France. The company is perfectly in line with our consolidation platform and once again demonstrates Alliance Etiquettes’ ability to unite the best label printing professionals around its project.»

Participants
Buyers
Alliance Etiquettes: Olivier Laulan, Erik de Woillemont
Activa Capital: Alexandre Masson, Christophe Parier, David Quatrepoint, Camille Emin
Financial Due Diligence: 8 Advisory (Bertrand Perrette, Jean-Baptiste Blanco)
Tax and Legal Due Diligence / Legal Advisor: Altaïr Avocats (Sébastien Péronne, Jeanne Mucchielli)
Social Due Diligence: Ellipse Avocats (Arnaud Pilloix)

Sellers
Etiq’Etains: Jacques-Hervé et Olivier Vandenbosch
Legal Advisor: Fimeco (Christophe Alberola, Anaïs Jaumard)

About Alliance Etiquettes
Alliance Etiquettes is a French company specialized in the design and production of premium labels for the wine, spirits, agri-food and cosmetic market. Managed by Olivier Laulan, the group generates a turnover of
more than €70m in France and overseas. For further information, please visit our website www.allianceetiquettes.com
About Activa Capital
Activa Capital is an independent private equity firm, owned by its partners, characterized by a proactive build-up strategy. It currently manages more than €300 million on behalf of institutional investors by investing in French SMEs and ETIs with high growth potential and an enterprise value of between €20 and €100 million. Activa Capital assists them to accelerate their development and international presence. To find
out more about Activa Capital, visit www.activacapital.com

Press contacts
Alexandre Masson Christophe Parier Christelle Piatto
Managing Partner Managing Partner Communications Manager
+33 1 43 12 50 12 +33 1 43 12 50 12 +33 1 43 12 50 12
alexandre.masson@activacapital.com christophe.parier@activacapital.com christelle.piatto@activacapital.com

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Sambla and Advisa combine to create a leader in online comparison services with Nordic Capital as the new majority owner

Two of the leading independent online comparison sites for personal finance in the Nordic region, Sambla and Advisa, have today announced their intention to merge. The purpose is to further develop as a combined company to help more clients improve their personal finances by comparing terms on loans and insurance. Both companies have a very high level of customer satisfaction due to a modern user interface, strong and shared corporate values, and by bringing clear benefits to their clients. There is strong growth potential as the two companies support and complement each other very well. Nordic Capital becomes the majority owner and will actively support the new company in the next expansion phase. The goal is to be the best partner for customers, banks and lenders alike, and over time to become the Nordic region’s leading digital comparison site for personal finance.

The combination of Sambla and Advisa creates one of the largest players in the Nordic region within loan intermediation, as both companies have strong platforms to continue to build on. Both companies help clients to compare loan terms and consolidate their loans, and thereby improve the terms and reduce costs. A combination creates new great opportunities for increased product development, an even higher service level and access to additional competitive offers that will benefit more clients. The combined company will have an expected turnover of approximately SEK 575 million and it will be the second largest player in Sweden.

“We are very pleased to announce the combination of the two companies. In recent years, each of our companies have in different ways achieved market-leading customer satisfaction and growth. Together, we have a fantastic opportunity to drive the industry development; not least by product development based on the customer needs and technological innovation. We look forward to having even better opportunities to improve the economy for hundreds of thousands of people throughout the Nordic region,” says Jonathan Bollman, CEO, Advisa.

“I am very pleased that we have agreed to this strategic combination. Together, we gain the scale and position required to take advantage of the growth and expansion opportunities that exist in our market. We are both entrepreneurial companies that share the ambition to become industry leaders, and we have both driven the development of different areas in the industry. Now we have the opportunity to do it together, which will benefit our customers,” says Per Österström, Founder, Sambla.

As the majority owner, Nordic Capital will actively support the new company, drawing on its experience from previous acquisitions in financial services.

“We are deeply impressed by what these two companies have achieved separately and believe that the combined company will increase competition in the sector and be a strong force when it comes to improving consumers’ finances in the future. In addition to creating a strong platform for growth, the combined company will also drive positive development throughout the industry. Nordic Capital looks forward to supporting the business in its next phase,” says Christopher Ekdahl, Principal, Nordic Capital Advisors.

Advisa was founded in 2011 and helps consumers get better terms by comparing loans with up to 36 different banks and lenders in Sweden and Finland. The services are offered completely digitally. Advisa has 48 employees in Stockholm, Sweden and to date has helped over 400,000 customers compare their loans.

Since its inception in 2014, Sambla has helped consumers to save money on their loans by comparing banks’ and lenders’ interest rates in Sweden, Norway, Finland and Denmark. The services are offered through a combination of digital processes and advice over the phone. Sambla has 125 employees in Stockholm and Lund in Sweden. The company has partnerships with over 40 bank and lenders in Sweden, and to date Sambla has helped over 390,000 customers to compare their loans.

Nordic Capital has a long and extensive experience of developing companies in financial services, both through organic growth and add-on acquisitions. Today, Nordic Capital has seven portfolio companies in the sector, including Nordax, Bank Norwegian and Nordnet. Previous holdings include Resurs Bank. As an owner, Nordic Capital supports the portfolio companies’ development through extensive sector knowledge, capital for investments, operational experience with a focus on continued product development and support to further professionalisation of the organisation.

As part of the transaction, the shareholders Four Elements AB and Krasse & Co AB will sell their shareholding in Sambla. “We are proud to have contributed in making Sambla successful and to enable this new combination,” says Björn Krasse, Krasse & Co AB.

The terms of the transaction were not disclosed. The transaction is subject to customary regulatory approvals.

 

Press contact:

Nordic Capital

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

 

About Nordic Capital

Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested more than EUR 16 billion in over 110 investments. The most recent fund is Nordic Capital Fund X with EUR 6.1 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, Denmark, Finland, Norway, Germany, the UK and the US. For further information about Nordic Capital, please visit www.nordiccapital.com

Footnote: “Nordic Capital” refers to any, or all, Nordic Capital branded or associated investment vehicles and their associated management entities. Nordic Capital is advised by several non-discretionary sub-advisory entities, any or all of which is referred to as “Nordic Capital Advisors”.

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Solvari acquires Buldit, a network of home improvement sites

Vortex

Nieuwegein, February 2, 2021

 

Vortex portfolio company Solvari has acquired Buldit, a Belgium based company that advises consumers on improving their homes. Buldit has a large online network with over 300 websites that consumers can go to with their questions about home improvement jobs. The company was founded in 2009 and is active in the Netherlands and Belgium.

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Altamir announces the partial sale of its shareholding in Expereo, a company held through the Apax France IX fund

Altamir

Paris, 2 February 2021 – Vitruvian Partners, the international growth capital and buyout firm, has reached an agreement with Apax Partners SAS to acquire a majority shareholding in Expereo, the world’s leading provider of Managed Internet, Cloud access and SD-WAN solutions. Apax Partners will remain as a minority shareholder alongside Vitruvian Partners and the company’s management team, who will continue to lead the business. The completion of the transaction is subject to obtaining customary merger control clearances.

Expereo has a strong track record of growth, financial performance and value-enhancing acquisitions, solidifying its position as a market leader in providing managed Global Internet and network connectivity solutions to its communication service provider partners and an impressive array of multinational corporate customers spanning the globe.

 

About Altamir

Altamir is a listed private equity company (Euronext Paris-B, ticker: LTA) founded in 1995 and with an investment portfolio of more than €1.2bn. Its objective is to provide shareholders with long-term capital appreciation and regular dividends by investing in a diversified portfolio of private equity investments.

Altamir’s investment policy is to invest via and with the funds managed by Apax Partners SAS and Apax Partners LLP, two leading private equity firms that take majority or lead positions in buyouts and growth capital transactions and seek ambitious value creation objectives.

In this way, Altamir provides access to a diversified portfolio of fast-growing companies across Apax’s sectors of specialisation (TMT, Consumer, Healthcare, Services) and in complementary market segments (mid-sized companies in continental Europe and larger companies in Europe, North America and key emerging markets).

Altamir derives certain tax benefits from its status as a SCR (“Société de Capital Risque”). As such, Altamir is exempt from corporate tax and the company’s investors may benefit from tax exemptions, subject to specific holding-period and dividend-reinvestment conditions.

For more information: www.altamir.fr

 

Contact

Claire Peyssard-Moses

Tel.: +33 6 34 32 38 97

E-mail: investors@altamir.fr

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EURAZEO supporting UTAC CERAM’S development with the acquisition of MILLBROOK

Eurazeo

Paris, February 2, 2021 – Eurazeo PME has been supporting UTAC CERAM (€83 million turnover in 2019), which works in close partnership with automotive and mobility companies, since September 2020, and is today announcing that UTAC CERAM has completed the acquisition of Millbrook, group headquartered in the UK. The investment of the funds managed by Eurazeo PME following this transaction amounts to c.115 million euros.

Millbrook (£83 million turnover in 2019) was founded in 1970 in the United Kingdom and provides services and systems for testing and validating vehicles to customers in the automotive, transport, tire, petrochemicals and defense sectors, with a presence in three continents (in Europe, the United States and China). The company serves over 500 customers including some of the world’s largest vehicle, tyre and systems’ manufacturers such as Jaguar Land Rover, Bentley, Michelin, Volkswagen or Linamar.

In a market that is growing and consolidating, the combination with Millbrook represents a new milestone in UTAC CERAM’s development. This strategic acquisition forms part of the Group’s growth efforts, doubling its revenue with a common turnover expected to reach c. €180 million in 2021, and strengthening its position in new technologies: e-GMP, electrification, connected and automated vehicles, ADAS, cybersecurity and simulation. The deal fits perfectly with the Group’s policy, which is based on innovation and market consolidation, both in Europe and worldwide.

The new entity, chaired by Laurent Benoit, is transforming its governance arrangements to meet the most demanding criteria and to ensure performance, growth and innovation. As a result, the new Group is setting up an executive committee consisting of: Connor McCormack and Christophe Perge, both Executive Vice-Presidents, Andrew Nelson, Chief Financial Officer and General Secretary, and Laurent Midrier who is joining the Group as Chief Strategic Officer and who will have particular responsibility for the new Group’s integration plan and its M&A strategy.

Pierre Meignen, member of Eurazeo PME’s Executive Board, said:
“We are very proud to support UTAC CERAM in this new project. The acquisition of Millbrook represents a major milestone in the Group’s recent history and showcases its focus on creating value for customers, employees and shareholders. This deal embodies the key characteristics we look for when investing. It involves a market-leading company that is growing rapidly and is highly profitable, operating in a promising industry with a close-knit management team, and it offers us, as investors, the opportunity to support the new entity’s development plan.

The acquisition of Millbrook by UTAC CERAM is a very good example of Eurazeo PME’s expertise and commitment to support the acceleration of its portfolio companies’ development, notably in their international expansion”

Laurent Benoit, CEO of UTAC CERAM, added:
“Millbrook’s teams are driven by a great desire for innovation and development. Their integration is excellent news for our customers, who will derive even greater value from their collaboration with our group. By strengthening our consultancy expertise and by helping us to add services in new technologies, Millbrook will bolster our new group to confirm its leading position in development and validation testing, automotive homologation and new technologies related to autonomous, connected and electric vehicles. We are grateful for the support of our main shareholder Eurazeo in completing the acquisition.”

About Eurazeo
• Eurazeo is a leading global investment company, with a diversified portfolio of €18.8 billion in assets under management, including €13.3 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, Sao Paulo, Seoul, Shanghai, Singapore, London, Luxembourg, Frankfurt, Berlin and Madrid.
• Eurazeo is listed on Euronext Paris.
• ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

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Quadrum Capital Home Portfolio News Contact Investor Portal Nederlands Interstellar, new IT group and participation of Quadrum Investment Fund III, sees the light of day

Quadrum Capital

02-02-2021

With the launch of Interstellar Interstellar on 1 February 2021, the Netherlands can boast a new IT group. Interstellar is a joining of forces of six autonomous IT companies, each with its own quality, specialisation and identity. The basis for this participation by Quadrum Investment Fund III was laid by Quadrum Capital in 2017 with its participation in cloud expert Fundaments.

Managing Partner at Quadrum Capital, Arjan Hoop: “Since then, we have developed a strong portfolio in the IT domain. The launch of this new group is a fantastic crowning achievement. With its combination of generalists and specialists, the group has everything it needs to support customers on their digital journey at the very highest level. The independence of the companies within the group also guarantees a strong entrepreneurial DNA. In combination with their new combined strength, the Interstellar companies are able to successfully realise their ambition to grow into the most relevant IT service provider in the Netherlands.”

Read the press release regarding the launch of Interstellar below.

image

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FIVB partners with CVC Capital Partners to drive global growth of volleyball

CVC Capital Partners

Volleyball World will improve experience for players and fans, and optimise commercial performance for long-term success

The International Volleyball Federation (FIVB) and CVC Capital Partners Fund VII are pleased to announce the launch of Volleyball World, a new partnership which will drive innovation, growth and investment in volleyball around the globe.

Volleyball is the fourth most popular sport globally, with more than 800 million fans and high participation, across attractive markets, including Italy, Brazil, Japan, Poland, China and the US. Volleyball was the most watched sport at the 2016 Rio Olympic Games, with 2.6 billion viewer hours globally.

Volleyball World will become the commercial entity for the sport around the world, initially for FIVB and aiming at working later alongside other leagues and federations, with the goal of increasing the profile and popularity of the sport, through fresh investment for the benefit of fans, players and National Federations. Volleyball World will be responsible for the commercial operation of key volleyball and beach volleyball international events, including: the World Championships, Olympic Qualifiers and the Volleyball Nations League. The partnership will focus on event hosting, fan experience, media, data/digital opportunities, and sponsorship to grow commercial revenues for reinvestment, which will ensure the long-term success of the sport.

FIVB, together with its 222 National Federations, will remain the sole, global volleyball regulatory body with responsibility for the sport and its development. As the majority shareholder in Volleyball World, FIVB will oversee the new commercial vision for volleyball while ensuring the interests of all stakeholders are represented. CVC brings extensive experience to this partnership, with a strong track record of CVC funds investing in multiple sports businesses, including Formula 1, Moto GP, Rugby and Bruin Sports Capital. CVC also brings access to a broad international network of relationships with offices in 22 countries in Europe, Asia and the Americas, which will help accelerate the commercial growth of volleyball and investment in the sport at all levels.

Finn Taylor, who was previously the head of Cirque du Soleil’s Global Touring show business overseeing significant geographic expansion and growth, will be the CEO of Volleyball World. Fernando Lima, formerly FIVB Secretary General will Chair the Board of Volleyball World. Other Board members will include Fabio Azevedo (the current FIVB General Director) and Simon Denyer (founder and former CEO of DAZN Group).

FIVB President Ary S. Graça F° said:

“We are delighted to partner with CVC to launch Volleyball World. The FIVB is committed to constantly innovating while searching for opportunities that can sustain the development of the sport around the world. In CVC we are confident we have found a partner with the experience, network and capital to support FIVB in its mission to further professionalise the sport for the benefit of fans, players and National Federations.

“Volleyball World will boost our sport’s financial growth and deliver lasting legacies for the whole game. Working in partnership with CVC we will be able to secure volleyball’s future and emerge stronger from the current challenges.”

CVC Capital Partners Head of Sports, Media and Entertainment, Nick Clarry added:

“Volleyball is one of the most popular sports in the world and there is a huge untapped fan base and commercial potential. FIVB & CVC working together at Volleyball World, will drive innovation and greater fan engagement, which will accelerate growth and allow for substantial reinvestment back into the sport. We are delighted to be partnering with FIVB and look forward to working closely together to develop the sport globally, working collaboratively with all the players, leagues and federations in the years to come.”

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