AURELIUS Equity Opportunities completely repays its 2015/20 convertible bond

Aurelius Capital

Munich, December 2, 2020 – AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) completely repaid its 2015/20 convertible bond (ISIN: DE000A168544) maturing on December 1, 2020 to the bond creditors. The repayment amounted to 100 percent of the aggregate principal amount plus interest for the past 12 months.

The aggregate principal amount of the AURELIUS convertible bond was originally EUR 166.3 million; this amount was reduced to EUR 103.1 million in July 2018 as a result of conversions.

“We are seeing a lot of interesting acquisition candidates right now. After the repayment of the convertible bond we are and remain very well equipped and funded to pursue opportunities we currently see in the market,” said Matthias Täubl, CEO of AURELIUS Equity Opportunities. “As a general rule we keep all financing options under consideration.”

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Gimv sells Itho Daalderop-Climate for Life – Dutch market leader in integrated sustainable solutions for energy-neutral living in the Benelux – to Parcom

GIMV

Press Release – Antwerp, 02 December 2020
Gimv sells Itho Daalderop-Climate for Life – Dutch market leader in integrated sustainable solutions for energy-neutral living in the Benelux – to Parcom

Topic: Divestment

Producer Itho Daalderop and service provider Klimaatgarant today announce an important step in their development. Gimv will sell its majority stake in Climate for Life Holding, the merger partner above the above-mentioned parties, to Parcom.
Itho Daalderop/Klimaatgarant enters a new phase after a strong growth path, including a doubling of turnover since Gimv’s entry. Bas Korte remains on board as group CEO.

In the construction sector, growing climate awareness is reflected in stricter energy performance standards (EPC) for new buildings and sustainable renovations, while comfortable, healthy and carefree living is an increasingly important theme. Itho Daalderop-Climate for Life responds to the growth potential of this market with integrated solutions for energy-neutral living, both for the renovation and new-build markets.

Itho Daalderop-Climate for Life (cflholding.com) is the result of a merger between Itho Daalderop (www.ithodaalderop.nl) and Klimaatgarant (www.klimaatgarant.nl ), facilitated by Gimv. In 2016 Gimv acquired a majority stake in the new merger group, alongside the management. With sustainable and innovative heating, mains water, ventilation and control technology, Itho Daalderop has everything for providing comfortable, healthy and energy-efficient indoor climates for everyone. Klimaatgarant develops and implements energy-neutral housing projects for municipalities, project developers and housing corporations. With this tandem, production and services, both with a strong focus on sustainability, go hand in hand.

In recent years, Itho Daalderop-CFL has grown into a major player in the Benelux in the field of HVAC products for the residential market. Today, the group enjoys a leading position in the Dutch new-build market and is an unrivalled pioneer in ground source heat pumps. All this has been made possible by substantial investments in resources, innovation and personnel in persistent pursuit of solutions for energy-neutral living.

Itho Daalderop-CFL has achieved impressive growth. Since Gimv’s entry, it has doubled its turnover and sharply increased its profitability. Today it employs around 450 people in the Netherlands (Tiel & Schiedam) and Belgium (Brussels).

Bas Korte, CEO of Itho Daalderop-Climate for Life, explains: “In 2015, after years of intensive cooperation between Klimaatgarant and Itho Daalderop, we saw opportunities to accelerate the transition towards sustainability. To this end, we drew up a Top 10 priority plan that included a solid investment agenda. We foresaw that growth would largely come from offering integrated systems and concepts with far-reaching direction and taking responsibility. Very different from traditional product manufacturers. At Gimv we immediately found understanding, faith and enthusiasm for this plan. The growth and change we have experienced in recent years is difficult to imagine without Gimv’s constant presence as an enthusiastic supporter, reliable sponsor and source of management expertise. This has certainly helped the management in realising the plans.”

Rombout Poos, Partner in the Gimv Sustainable Cities platform, on this growth story: “Gimv is proud to have been able to help power CFL’s rapid expansion in recent years through investments in people, assets, innovation and the development of integrated, sustainable HVAC solutions for residential properties. CFL’s management team has delivered a fantastic performance and the company will continue to grow on the basis of the ongoing home sustainability trend.”

The transaction is subject to the usual terms and conditions, including approval by the competition authorities. This transaction, which represents the exit of the largest shareholding on Gimv’s balance sheet, has a positive impact of about 20 million euro on Gimv’s net asset value as per 30 September 2020. No further financial details will be disclosed.

Read the full press release:

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KKR Awards Grants to 80 Small Businesses and Nonprofits as part of COVID-19 Relief Effort

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KKR

December 1, 2020

 

NEW YORK – December 1, 2020 – KKR today announced it has awarded the first round of grants in two of the cornerstone programs of the KKR Relief Fund (the “Fund”) focused on supporting small business owners and nonprofits. The $50 million Fund was created by KKR and its employees earlier this year to support those impacted by the COVID-19 pandemic and its resulting economic dislocation.

 

In the first round of the KKR Small Business Builders (SBB) program, KKR has awarded $10,000 each to 55 small business owners from a diverse range of backgrounds across gender, race, ethnicity, business industry, size and geography. The grants will provide financial assistance, hands-on support from KKR employees and resources from KKR’s partner organizations to help the small businesses to maintain day-to-day operations and jobs while also supporting their future growth.

 

The first round of SBB recipients are located in the U.S. and Asia, with 24 states across the U.S. represented. Over 50% of the recipients are minority-owned businesses, over 61% are owned by women and 22% are owned by veterans or their immediate family members. All of the businesses have between 5 and 50 employees and 75% reported less than $1 million in annual revenue.

 

“Small businesses are the lifeblood of our communities and across the U.S. alone, hundreds of thousands of businesses have been forced to close temporarily, and the data show that of those businesses, 60% are closed forever,”[1] said Henry Kravis and George Roberts, Co-Chief Executive Officers and Co-Founders of KKR. “At a time when the challenges facing communities are tremendous, these grants aim to support small business owners and high-impact nonprofits to enable them, and ultimately the greater community, to meet this moment of immense disruption.”

 

“All businesses start small and desire to grow. KKR’s Small Business Builders initiative is partnering with Hello Alice to provide small business owners grants, online resources and a thriving online community of peers,” said Elizabeth Gore, Co-Founder and President of Hello Alice. “Small businesses are the heart of our country, and we are proud to work with KKR to ensure their growth during these trying times.”

 

In this first round of the KKR Grants initiative, which is focused on identifying and supporting nonprofits whose work supports priorities related to Opportunities, Communities, and Heroes, KKR awarded over $3 million to 25 nonprofit organizations around the world that are playing critical roles in addressing the challenges resulting from the COVID-19 crisis. Grant recipients included both international nonprofits and locally focused organizations in the U.S., U.K., Ireland, and Germany.

 

“COVID-19 has created unfathomable physical, economic and social disruption for people and communities around the world and the non-profit sector will continue to play a vital role in the recovery. We look forward to supporting our partners in the days and months ahead,” said Ali Hartman, KKR’s Global Head of Citizenship.

 

SBB and KKR Grants are available to organizations around the world with recipients selected in rounds on an ongoing basis.

 

  • Small businesses around the world can learn more and apply for SBB grants at helloalice.com.
  • The application for nonprofits is available at kkr.com/grants. The next round opens January 4, 2021.

 

KKR’s Relief Fund is helping address challenges facing our shared communities through four key pillars: supporting portfolio company employees; engaging our employees as leaders and change-makers; assisting small businesses; and providing strategic grants and partnerships. Read a personal story about notifying grant recipients here.

 

About KKR Small Business Builders

 

KKR Small Business Builders is a grants-based program created to support small business owners who are struggling to navigate the challenges of the pandemic. KKR has joined forces with small business experts at Hello Alice and GEN Global to identify diverse and dynamic small business owners in need of assistance. Through SBB, KKR is awarding $10,000 grants to small business owners who will also receive support from KKR employees and the Hello Alice platform to help them better sustain their operations, maintain or create jobs and manage or pivot their business model.

 

About KKR Grants

 

KKR Grants is a global effort focused on identifying and supporting the most innovative and effective nonprofits whose missions are aligned with priority areas, including delivering immediate aid to vulnerable populations impacted by the pandemic, providing innovative pathways of workforce recovery and development, and supporting our heroes including teachers, first responders, essential workers and front-line medical professionals. KKR is supporting these organizations with financial grants and strategic support.

 

KKR Small Business Builders Round 1 Recipients

 

Nick Anderer

Anton’s | New York, NY

 

Gary Carter

Sitpinyo Muay Thai & Fitness | Hong Kong

 

Justin Gurland and Zac Clark

Release Recovery | Yorktown Heights, NY

 

Lisle Richards

The Village Den | New York, NY

 

Trishala Bhansali

Lekha | New Orleans, LA

 

Daymara Baker

Rockin’ Baker Incorporated | Fayetteville, AR

 

Hossein Akbari

The Discovery Years | San Jose, CA

 

Beth Plante

Charleston Power Yoga | Charleston, SC

 

Warren Norgaard

Milkweed Arts | Phoenix, AZ

 

Teri Van Goethem

DC Born & Bread | Washington, D.C.

 

Francine Zodda

A Child’s Place | McHenry, IL

 

Thomas C. Trotman

TNT Construction Training | Denver, CO

 

Michael A. Robinson

Dallas Costume Shoppe | Dallas, TX

 

Monica Wong

Little Green Cyclo | South San Francisco, CA

 

Athanasios Hatzinas

Yetter’s Diner | Augusta, NJ

 

Kareem Badr

The Hideout Theatre | Austin, TX

 

Tyrone Foster

Precision Landscape Services | Portland, OR

 

Janie Deegan

Janie’s Life-Changing Baked Goods | New York, NY

 

Lexi Beach

The Astoria Bookshop | New York, NY

 

Anna Peters

Art Coop | Urbana, IL

 

Sherille D. Barber

Barber Therapy & Associates | Rock Hill, SC

 

Brenda Bueno

Little Daydreamers Learning Center 2 | New York, NY

 

Alina Ackenbom

Camp Friendship | Palmyra, VA

 

Bridget Manzanares

Flagship Real Estate Group | Encinitas, CA

 

Melissa Anelli

Mischief Management | New York, NY

 

Lane Velayo

Synergos Association Management | Indianapolis, IN

 

Cate Phillips

Capstone Calling | West Bend, WI

 

Jimmie Richard

Richards Family Group | Willowick, OH

Jessie Lipkowitz

Polarity | Ann Arbor, MI

 

Charlotte Guyton

Bard & Baker | Troy, NY

 

Dennis Williams

W.Heir’s | Winter Springs, FL

 

Eric Cruz

Progressive Health & Performance | Murrieta, CA

 

Jaime Adams

Poshy Paws | Peoria, AZ

 

Zoe Schuler

ZMD | Madison, WI

 

Jonathan Byun

Playcenter | Lakewood, CA

 

Debbie Hall

Century Travel | Austin, TX

 

Jim O’Connor

Homestead Inn | Wolf Point, MT

 

Laura Oldaker

Academy for Caregiving Excellence | Tucson, AZ

 

Nicole Phillips

Inner Me | Houston, TX

 

Mona Ghattas

Duran Central Pharmacy | Albuquerque, NM

 

Mary Williams

Urgent & Primary Care Of Clarksdale | Clarksdale, MS

 

Kyle Black

RollerCade | Detroit, MI

 

Patrick Lai

Game Theory Restaurant + Bar | Fort Worth, TX

 

Sandra Stroehmann

Elixir Mind Body Massage | Denver, CO

 

Deborah Carlin

Debbie’s Dance Studio | Williamson, WV

 

Christian Davis

Supply Locale | Chicago, IL

 

Tom Rummel

MrCleanSD | San Diego, CA

 

Sheila Rhodes

Small Batch Kitchen Cafe and Market | Lansdale, PA

 

Cristina Atencio

Isabel Blackwell | Portland, OR

 

Sarah Ribner

PiperWai | New York, NY

 

Evonya Easley

Love E | Atlanta, GA

 

Kristi K May

Legend Acres | Surprise, AZ

 

Moiz Bohra

Nova Home Care | Farmington Hills, MI

 

Alda Escobar

Madre Luna | Corona, CA

 

Sian DeLuca

SensationAll Kids Gym | Concord, CA

 

 

 

 

KKR Grants Round 1 Recipients

 

COMMUNITIES

Support for food security, safe housing, public health, and crisis relief

 

CareMessage

USA

 

Children’s Rights

USA

 

Deutsche Franziskanerprovinz KdöR

Germany

 

Headstrong Counselling

United Kingdom

 

Hour Children

USA

 

La Casa de las Madres

USA

 

Little Essentials

USA

 

Martha’s Table

USA

 

Meals on Wheels of San Francisco

USA

 

New Alternatives for Children

USA

 

North Texas Food Bank

USA

 

Single Homeless Project (SHP)

United Kingdom

 

The Bowery Mission

USA

 

Women’s Aid Ireland

Ireland

 

 

OPPORTUNITIES

Support for innovative pathways of workforce recovery and development

 

Defy Ventures

USA

 

Eight Million Stories, Inc.

USA

 

Clubhouse International

USA

 

The HOPE Program

USA

 

Year Up, Inc.

USA

 

 

HEROES

Support for teachers, first responders, essential workers and front line medical professionals

 

826 Valencia

USA

 

N.Y. Police and Fire Widows’ & Children’s Benefit Fund, Inc.

USA

 

Save the Children

USA

Small Steps Nurturing Center

USA

 

Southern Area Hospice Services

United Kingdom

 

TalkingPoints

USA

 

# # #

 

 

About KKR

 

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, credit and real assets, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

 

About Hello Alice

 

Hello Alice is a free, multichannel platform that helps businesses launch and grow. With a community of more than 250,000 business owners in all 50 states and across the globe, Hello Alice is building the largest network of owners in the country while tracking data and trends to increase the success rate for entrepreneurs. Our partners include enterprise business services, government agencies, and institutions looking to serve small- and medium business owners to ensure increased revenues and promote scale. Founded by Carolyn Rodz and Elizabeth Gore, we believe in business for all by providing access to all owners, including women, people of color, veterans, and everyone with an entrepreneurial spirit. To learn more, visit www.helloalice.com, as well as Twitter, LinkedIn, Instagram, and Facebook.

 

 [1] Bialik, C., & Gole, D. (2020, September). Yelp: Local Economic Impact Report (Rep.). Retrieved https://www.yelpeconomicaverage.com/business-closures-update-sep-2020.html

 

Media Contact:

Cara Major or Miles Radcliffe-Trenner

212-750-8300

media@kkr.com

 

 

KKR Small Business Builders

KKR Grants

 

Categories: News

CVC Capital Partners Fund VII agrees to acquire Vivartia

CVC Capital Partners Fund VII agrees to acquire Vivartia

01 Dec 2020

CVC Capital Partners today announced that CVC Fund VII has agreed to acquire Vivartia Holdings SA (“Vivartia”).

Vivartia is a diversified food company in Greece, with leading market positions in each of its core business lines: Dairy & Drinks (Delta, UMC), Frozen Foods (Barba Stathis, Chrysi Zymi), Food Services & Entertainment (Goody’s, Flocafe, Everest and La Pasteria).

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

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Vector Capital to Acquire Mood Media

Vector Capital

SAN FRANCISCO–(BUSINESS WIRE)–Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced it has entered into a definitive agreement to acquire Mood Media, the world’s leading in-store media solutions company dedicated to elevating the Customer Experience. Under the terms of the agreement, Vector Capital will make a meaningful equity investment in Mood Media’s business, and the company’s existing lenders, including investment funds and accounts managed by HPS Investment Partners, LLC, will continue to support Mood Media with a new credit facility at closing.

Austin-based Mood Media offers global retail, fashion, restaurant, healthcare, hospitality, and consumer brands audio, visual, messaging, scent, social, and mobile services designed to create greater emotional connections between brands and consumers. The company reaches more than 150 million consumers each day through more than 500,000 subscriber locations in 100+ countries around the globe.

“Vector Capital has a long track record of building and growing global technology businesses,” said David Hoodis, CEO of Mood Media. “We are eager to leverage their industry expertise and deep operating capabilities as we continue to enhance our product offerings to assist leading brands in connecting with customers. I believe, with the great Mood team and Vector’s support, our best days are ahead.”

“We are excited to partner with Mood Media, which has developed a global, market-leading presence and proven ability to enhance the customer experience for the most demanding customers across the retail, fashion, restaurant, hospitality, and healthcare sectors,” said David Fishman, a Managing Director at Vector Capital. “We are confident that our long-term capital support will enable Mood Media to invest in the technology initiatives and acquisitions that will further differentiate Mood and accelerate our product vision.”

“Mood Media has an impressive management team and a motivated employee base to support its global platform, broad blue-chip client base, and strong business model,” added Sandy Gill, a Principal at Vector Capital. “We look forward to partnering with Mood Media during its next stage of growth and helping the company’s leadership team accelerate its development through both organic initiatives and strategic acquisitions.”

The transaction is subject to standard and customary closing conditions and is expected to close in the fourth quarter of 2020.

Paul Hastings LLP served as legal counsel to Vector Capital on the transaction. PJ SOLOMON acted as financial advisor, and Milbank LLP served as legal counsel to Mood Media.

About Vector Capital
Vector Capital is a leading global private equity firm specializing in transformational investments in established technology businesses. With more than $3 billion of capital under management, Vector actively partners with management teams to devise and execute new financial and business strategies that materially improve the competitive standing of businesses and enhance value for employees, customers, and all stakeholders. For more information, visit http://www.vectorcapital.com.

About Mood Media
Mood Media is the world’s leading in-store media solutions company dedicated to elevating the Customer Experience. We create greater emotional connections between brands and consumers through the right combination of sight, sound, scent, social and systems solutions. We reach more than 150 million consumers each day through more than 500,000 subscriber locations in 100+ countries around the globe. Mood’s clients include businesses of all sizes and market sectors, from the world’s most recognized retailers and hotels to quick-service restaurants, local banks and thousands of small businesses. For more details: www.moodmedia.com.

Contacts

For Vector Capital:
Nathaniel Garnick / Grace Cartwright
Gasthalter & Co.
(212) 257-4170

For Mood Media:
Caroline Traylor / PR & Communications Director
caroline.traylor@moodmedia.com
(210) 365-8761

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Market Access Transformation (MAT) Secures First Institutional Funding Led by Silversmith Capital Partners

Market Access Transformation (MAT), a global healthcare company that uses cutting edge technology to automate and modernize how life sciences companies capture mission-critical insights that drive decision-making across the product lifecycle, today announced a $30 million minority investment from Silversmith Capital Partners, a Boston-based growth equity firm. The investment marks the first time MAT has raised outside capital and will be used to expand the company’s team and accelerate innovation of its product offerings.

Founded in 2016, MAT has revolutionized the way Global Payer Market Research is conducted by developing Rapid Payer Response (RPR), the industry’s only on-demand global platform for gathering critical payer insights. In five years, the company has built a client base of more than 45 biopharma and device manufacturers – including all of the Top 10 pharma companies. MAT’s partnership with Silversmith solidifies its market leadership position in providing technology-driven solutions to the healthcare community.

“Providing our clients with new and improved offerings that address unmet needs within healthcare research and analytics has been our primary focus since we started MAT,” said Baiju Aurora, MAT’s CEO and Co-Founder, who along with Co-Founder Paul Howard will continue to lead the company. “We are incredibly proud of what our team has achieved in such a short period of time and are excited to partner with Silversmith as we look to accelerate our product development initiatives.”

RPR is built on the company’s proprietary SaaS platform that enables manufacturers to obtain more robust insights, in 1/3 the time and 1/2 the cost of more traditional, manual-based approaches. RPR is powered by an expansive global payer network – which spans over 40 countries – and leverages a unique payer selection and vetting process. “While RPR has enabled us to deliver technology solutions to a wide variety of pharma companies across the globe, our expert team of pricing and market access specialists drive client engagement and satisfaction,” added Paul Howard.

“One of the biggest challenges life sciences organizations face is gathering payer insights in an agile manner to drive optimal clinical and commercial product strategies as regulatory and market dynamics evolve,” said Brian Peterson, Principal of Silversmith. “What impressed us most about MAT was their platform’s ability to deliver insights in days instead of months, while maintaining industry-leading quality on a global scale. We are thrilled to partner with Baiju, Paul and the entire MAT team, and look forward to working with them as they continue to bring innovative offerings to the market.”

As part of the investment, Brian Peterson and Jim Quagliaroli, Managing Partner of Silversmith, have joined MAT’s Board of Directors, along with Baiju Aurora and Paul Howard.

Choate, Hall & Stewart served as legal counsel to Silversmith Capital Partners and Day Pitney served as legal counsel to MAT.

About Market Access Transformation

With offices in the US, UK, and India, Market Access Transformation specializes in developing cutting edge technologies that enable the healthcare community to gather and exchange insights that assess the real-world potential of their products. MAT’s first product, Rapid Payer Response™ (RPR), is an online platform-based information exchange that allows healthcare manufacturers to secure On-Demand expert insight from the largest and most diverse global payer network in as little as 5 days. For more information about MAT, please visit www.marketaccesstransformation.com.

About Silversmith Capital Partners

Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $2.0 billion of capital under management. Silversmith’s mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies. Representative investments include ActiveCampaign, Appfire, Centauri Health Solutions, DistroKid, Impact, LifeStance Health, MediQuant, Panalgo, Unily, Validity, and Webflow. The partners have over 75 years of collective investing experience and have served on the boards of numerous successful growth companies including ABILITY Network, Archer Technologies, Dealer.com, Liazon, Liberty Dialysis, MedHOK, Net Health, Passport Health, SurveyMonkey, and Wrike. For more information about Silversmith, please visit www.silversmith.com.

For media Inquiries, please contact:

Kate Castle

Silversmith Capital Partners

P: 617.670.4345

kate@silversmithcapital.com

Ivanti Acquires MobileIron and Pulse Secure to Deliver Intelligent and Secure Experiences Across All Devices in the Everywhere Enterprise

Siris

Ivanti Acquires MobileIron and Pulse Secure to Deliver Intelligent and Secure Experiences Across All Devices in the Everywhere Enterprise

The combination cements Ivanti’s position as a global market leader in Unified Endpoint Management, Zero Trust Security, and IT Service Management

SALT LAKE CITY, UT — December 1, 2020 — Ivanti, Inc., which automates IT and security operations to discover, manage, secure and service from cloud to edge, announced it has closed the acquisitions of MobileIron, a leading provider of mobile-centric unified endpoint management solutions, and Pulse Secure LLC, a leading provider of secure access and mobile security solutions. This business combination further solidifies Ivanti, which is backed by Clearlake Capital Group, L.P. and TA Associates, as a global market leader in Unified Endpoint Management (UEM), Zero Trust Security, and IT Service Management (ITSM).

“We are excited to welcome the MobileIron and Pulse Secure teams into the Ivanti family,” said Jim Schaper, Ivanti Chairman and CEO. Our intelligent experience platform will power business through hyper-automation and secure connections on every device, for any user, wherever and however they work. This enables our customers to collaborate and innovate more freely, while reducing the risk of data breaches and enhancing employee experiences. We have a tremendous opportunity ahead of us, and I’m very excited for the future.”

By bringing MobileIron and Pulse Secure into the Ivanti portfolio, organizations will be able to proactively and autonomously self-heal, self-secure, and self-service devices in the everywhere enterprise – in which employees, IT infrastructures, and customers are everywhere – and deliver better user experiences and outcomes. Through zero trust security and contextual automation, Ivanti’s solutions will make IT connections smarter and more secure across remote infrastructure, devices, and people. Ivanti is uniquely positioned to provide a comprehensive level of end-to-end coverage on every device.

Customers will benefit from real-time intelligence into the health, security, and performance of all devices from cloud to edge, enabling them to proactively detect and remediate vulnerabilities before they impact the business. Customers will be able to discover and manage devices, implement secure zero trust access with contextual automation, and deliver personalized employee experiences – improving productivity with better operational speed, cost, and quality of service.

Transaction Highlights

  • Under the terms of the agreement with MobileIron, Ivanti acquired all outstanding shares of MobileIron common stock for a total value of approximately $872 million. MobileIron stockholders received $7.05 in cash per share, representing a 27% premium to the unaffected closing stock price as of September 24, 2020.
  • MobileIron shareholders approved the acquisition at a special stockholder meeting on November 24, 2020. Over 91% of the voted shares were in favor of the acquisition.
  • Pulse Secure was acquired from affiliates of Siris Capital Group, LLC. The terms of the Pulse Secure transaction were not disclosed.

About Ivanti

Ivanti is redefining enterprise security with the industry’s first intelligent experience platform that makes every IT connection smarter and more secure across remote infrastructure, devices, and people through automation. From PCs and mobile devices to virtual desktop infrastructure and the data center, Ivanti discovers, manages, secures and services IT assets from cloud to edge in the everywhere enterprise — while delivering personalized employee experiences. In the everywhere enterprise, corporate data flows freely across devices and servers, empowering workers to be productive wherever and however they work. Ivanti is headquartered in Salt Lake City, Utah and has offices all over the world. For more information, visit www.ivanti.com and follow @GoIvanti.

 

###

Media contacts:

Erin Jones
Avista Public Relations
Representing Ivanti
+1 704-664-2170
ejones@avistapr.com

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Inkef Capital – EclecticIQ raises €20 million in Series C funding

Inkef Capital

December 1st, 2020, 09:00am CET – EclecticIQ, a global threat intelligence, hunting and response technology provider, has raised €20 million ($24 million) in Series C financing, led by Ace Management, Europe’s leading cyber growth investor.

Other contributors to the funding round include Capricorn Digital Growth Fund and Quest for Growth, Invest-NL, Arches Capital and existing investors INKEF Capital, KEEN Venture Partners and KPN ventures. This brings the company’s total funding raised to €47 million over a four-year period, making it among the best funded global cybersecurity scale-ups based in Europe.

Funding will go towards deepening the company’s commitment to government, large enterprises and service providers, expanding its portfolio and increasing the company’s global footprint. With this investment EclecticIQ will accelerate its strategy to transform from a leading threat intelligence platform vendor into an innovative cybersecurity leader across the globe.

As cyber threats continue to evolve rapidly, intelligence-led cybersecurity has become the norm. EclecticIQ’s growing customer base relies on its threat intelligence platform as the single source of truth for cyber threats and incidents. The financing will drive further innovation of the platform with new use cases, enabling governments, large enterprises and service providers to effectively manage threat intelligence, create situational awareness and adopt an intelligence-led cybersecurity approach.

Having mastered threat intelligence technology, the company sees adjacent opportunities in operationalizing threat intelligence, as this is a problem that has not been solved in the market yet. With the recent acquisition of PolyLogyx’s end-point technology, the company is well positioned to develop new solutions that re-imagine how organizations detect, hunt and respond to sophisticated threats.

To accelerate growth, EclecticIQ will use the funding to expand its commercial teams in Europe and the United States, and establish a presence in the Middle East, Africa and Asia Pacific. Leveraging its experience with governments, and some of the most targeted enterprises globally, the company will expand its focus to new segments and strengthen its global partner ecosystem.

François Lavaste, Partner at Ace Management who will join EclecticIQ’s board of directors, said: “We are convinced that Ace Management’s new investment will help the company to improve and accelerate its solutions that enable the world’s biggest governments and commercial enterprises to identify and protect against the most intense cyber threats.

Joep Gommers, EclecticIQ’s co-founder and chief executive officer said, “It is exciting to bring in a high-caliber cyber investor like Ace Management, which shares our vision of threat intelligence at the core of cybersecurity, and sees the opportunity to transform the industry by solving massive challenges faced in threat detection, hunting and response. This financial investment will enable EclecticIQ to drive the industry forward and support our clients more effectively facing an ever-evolving threat landscape.

EclecticIQ has seen impressive growth over the years:

  • Growth: In 2019, the company grew its revenue by 84 percent by successfully expanding the company’s market segments from government to larger financial organizations, telecoms and big tech companies.
  • Product: EclecticIQ is continuing to push the envelope, with a new intelligence ingestion engine introduced to the EclecticIQ Platform, improving robustness and scalability of the company’s core threat intelligence technology.
  • Industry alliances: The company is a sponsor member of OASIS, EclecticIQ joined the Open Cybersecurity Alliance (OCA), along with some of the biggest names in cybersecurity.
  • Leadership: The company further strengthened its leadership team, adding Wytse Bouma (ex Rockstart) as CFO, and Ciaran Bradley (ex Adaptive Mobile, Kemp) as CTO.
  • Board: Three new members have been appointed to its board: Ben Verwaayen (KEEN Venture Partners, previously CEO of BT Group PLC Alcatel-Lucent, President of KPN Telecom and Vice-Chairman of Lucent Technologies), François Lavaste (Partner, Ace Management) and Katrin Geyskens (Partner, Capricorn Partners). The Board is chaired by Sam van der Feltz (ex Unilever, TNS & EMI).

Bryan, Garnier & Co acted as sole financial advisor and sole placement agent for EclecticIQ.

To learn more about the funding and what the company is doing with the investment read the blog post by our CEO Joep Gommers.

About EclecticIQ

EclecticIQ is a global threat intelligence, hunting and response technology provider. Its clients are some of the most targeted organizations, globally. To build tomorrow’s defenses today, these organizations have to understand the threats against them – and align their efforts and investments to mitigate their risks. EclecticIQ helps governments, large enterprises and service providers effectively manage threat intelligence, create situational awareness and adopt an intelligence-led cybersecurity approach. The company extended its focus towards hunting and response with the acquisition of Polylogyx’s end-point technology in 2020. Founded in 2014, EclecticIQ operates globally with offices across Europe, North America, and via certified value-add partners. More information.

About Ace Management

Ace Management, a subsidiary of Tikehau Capital, is a private equity firm specialised in strategic industries and technologies, with over €1Bn in assets under management.
Founded in 2000, Ace invests through sector-focused approaches (midmarket private equity in Aerospace & Defence and venture and growth capital investments in Cybersecurity / Digital Trust). Ace has built its model on strategic partnerships with large corporates (including Airbus, Safran, Dassault Aviation, Thales, EDF, Naval Group, Sopra Steria), which invest in its funds and maintain an ongoing dialogue with the firm, enabling Ace to take a differentiated approach to investing. Ace operates offices in Paris (HQ), Toulouse, Bordeaux and Montréal, and benefits from the worldwide presence of Tikehau Capital. More information.

About Capricorn Partners

Capricorn Partners is an independent European manager of venture capital and equity funds, investing in innovative European companies with technology as competitive advantage. The investment team of Capricorn is composed of experienced investment managers with deep technology expertise and a broad industrial experience. Capricorn Partners is managing the venture capital funds Capricorn Digital Growth Fund, Capricorn Sustainable Chemistry Fund, Capricorn ICT Arkiv, Capricorn Health‐tech Fund, Capricorn Cleantech Fund and Capricorn Fusion China Fund. In addition, it is the management company of Quest for Growth, quoted on NYSE Euronext Brussels, and the investment manager of Quest Cleantech Fund and Quest+, sub‐funds of Quest Management SICAV, registered in Luxembourg. More information.

About InvestNL

Invest-NL is an impact investor committed to businesses and projects that will make the Netherlands more sustainable and innovative. Its focus lies on the energy transition and on innovative, fast-growing companies, or scale-ups. Invest-NL supports innovative entrepreneurs through financing and advice according to one simple principle: impact is our goal, return is our means. As the Dutch partner for European investment institutions, Invest-NL is dedicated to cooperation and always works together with other investors. Invest-NL is headquartered in Amsterdam and employs a staff of 50 people. More information.

About Arches Capital

Arches Capital is a fast-growing group of business angels that invests in startup and scale-up companies with a large growth potential. Through its investments Arches Capital bridges the gap between formal investors (VCs) and informal investors (business angels), by joining the best of both worlds: “we source, select and invest like a VC; we engage, care and inspire as the angel we are”. Arches Capital differentiates itself by bringing superior deal flow, professional knowledge and a lower risk profile to the participating angel investors, while supporting its successful portfolio companies from start to exit through follow-on investments. For this Arches Capital is building the leading platform of actively engaged business angels that know how to operate and manage their investments in a professional and standardized manner. More information.


EclecticIQ press contact

Ronald Fabbro, VP Marketing EclecticIQ
+31 (0) 20-737 10 63
marketing@eclecticiq.com

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Keen – EclecticIQ Raises €20M in Series C Funding

Keen

December 1, 2020 — EclecticIQ, a global threat intelligence, hunting and response technology provider, has raised €20 million ($24 million) in Series C financing, led by Ace Management, Europe’s leading cyber growth investor.

Other contributors to the funding round include Capricorn Digital Growth Fund and Quest for Growth, Invest-NL, Arches Capital and existing investors INKEF Capital, KEEN Venture Partners and KPN ventures. This brings the company’s total funding raised to €47 million over a four-year period, making it among the best funded global cybersecurity scale-ups based in Europe.

Funding will go towards deepening the company’s commitment to government, large enterprises and service providers, expanding its portfolio and increasing the company’s global footprint. With this investment EclecticIQ will accelerate its strategy to transform from a leading threat intelligence platform vendor into an innovative cybersecurity leader across the globe.

As cyber threats continue to evolve rapidly, intelligence-led cybersecurity has become the norm. EclecticIQ’s growing customer base relies on its threat intelligence platform as the single source of truth for cyber threats and incidents. The financing will drive further innovation of the platform with new use cases, enabling governments, large enterprises and service providers to effectively manage threat intelligence, create situational awareness and adopt an intelligence-led cybersecurity approach.

Having mastered threat intelligence technology, the company sees adjacent opportunities in operationalizing threat intelligence, as this is a problem that has not been solved in the market yet. With the recent acquisition of PolyLogyx’s end-point technology, the company is well positioned to develop new solutions that re-imagine how organizations detect, hunt and respond to sophisticated threats.

To accelerate growth, EclecticIQ will use the funding to expand its commercial teams in Europe and the United States, and establish a presence in the Middle East, Africa and Asia Pacific. Leveraging its experience with governments, and some of the most targeted enterprises globally, the company will expand its focus to new segments and strengthen its global partner ecosystem.

François Lavaste, Partner at Ace Management who will join EclecticIQ’s board of directors, said: ”We are convinced that Ace Management’s new investment will help the company to improve and accelerate its solutions that enable the world’s biggest governments and commercial enterprises to identify and protect against the most intense cyber threats.

Joep Gommers, EclecticIQ’s co-founder and chief executive officer said, “It is exciting to bring in a high-caliber cyber investor like Ace Management, which shares our vision of threat intelligence at the core of cybersecurity, and sees the opportunity to transform the industry by solving massive challenges faced in threat detection, hunting and response. This financial investment will enable EclecticIQ to drive the industry forward and support our clients more effectively facing an ever-evolving threat landscape.

EclecticIQ has seen impressive growth over the years:

  • Growth: In 2019, the company grew its revenue by 84 percent by successfully expanding the company’s market segments from government to larger financial organizations, telecoms and big tech companies.
  • Product: EclecticIQ is continuing to push the envelope, with a new intelligence ingestion engine introduced to the EclecticIQ Platform, improving robustness and scalability of the company’s core threat intelligence technology.
  • Industry alliances: The company is a sponsor member of OASIS, EclecticIQ joined the Open Cybersecurity Alliance (OCA), along with some of the biggest names in cybersecurity.
  • Leadership: The company further strengthened its leadership team, adding Wytse Bouma (ex Rockstart) as CFO, and Ciaran Bradley (ex Adaptive Mobile, Kemp) as CTO.
  • Board: Three new members have been appointed to its board: Ben Verwaayen (KEEN Venture Partners, previously CEO of BT Group PLC Alcatel-Lucent, President of KPN Telecom and Vice-Chairman of Lucent Technologies), François Lavaste (Partner, Ace Management) and Katrin Geyskens (Partner, Capricorn Partners). The Board is chaired by Sam van der Feltz (ex Unilever, TNS & EMI).

Bryan, Garnier & Co acted sole financial advisor and sole placement agent for EclecticIQ.

To learn more about the funding and what the company is doing with the investment read the blog post by Joep Gommers here.

About EclecticIQ
EclecticIQ is a global threat intelligence, hunting and response technology provider. Its clients are some of the most targeted organizations, globally. To build tomorrow’s defenses today, these organizations have to understand the threats against them – and align their efforts and investments to mitigate their risks. EclecticIQ helps governments, large enterprises and service providers effectively manage threat intelligence, create situational awareness and adopt an intelligence-led cybersecurity approach. The company extended its focus towards hunting and response with the acquisition of Polylogyx’s end-point technology in 2020. Founded in 2014, EclecticIQ operates globally with offices across Europe, North America, and via certified value-add partners. More information

Gryphon Investors Sells Matrixx, Maker of Zicam Cold Remedy Brand, to Church & Dwight

Gryphon Investors

San Francisco, CA – December 1, 2020 —

 

Gryphon Investors (“Gryphon”), a San Francisco-based private equity firm, announced today that it has completed the sale of its portfolio company Matrixx Initiatives, Inc. (“Matrixx” or “the Company”) to Church & Dwight Co., Inc. (NYSE: CHD), a leading consumer packaged goods company. Gryphon originally invested in the Company in December 2017.

Matrixx, headquartered in Bridgewater, NJ, makes and markets over-the-counter remedies, including the best-selling Zicam® cold remedy brand, to shorten colds and treat nasal congestion and allergies.

Keith Stimson, Deal Partner and Head of Gryphon’s Heritage Fund, noted, “We are extremely pleased with the outcome of this transaction, our second investment in the Consumer Health space in partnership with Steve LaMonte and Dr. John Clayton.” Gryphon previously successfully exited its investment in C.B. Fleet Company, Inc. to Prestige Brands in December 2016.

Mr. LaMonte, Exclusive Executive Advisor to Gryphon and Executive Chairman of Matrixx, said, “Under Gryphon’s ownership, we have instituted numerous strategic and operational enhancements to create value. Foremost among those is the appointment of Marc Rovner as CEO. Marc has assembled a terrific management team and helped the Company accelerate its value creation initiatives, including new product innovation, growth with our retail partners, and aggressive efforts to build out e-commerce channels through investments in digital marketing and social influencer programs.”

Mr. Rovner added, “Our team has had tremendous success based on Gryphon’s investment thesis, growing Zicam’s share of the cough and cold category in a short amount of time and achieving our growth objectives on an accelerated timeline. This growth wouldn’t have been possible without the support of a sponsor like Gryphon, who brought differentiated experience and expertise in the Consumer Health sector to the Board.”

Ryan Fagan, Senior Vice President at Gryphon, added, “Matrixx is a great case study for Gryphon’s proactive sector initiative to identify and invest behind leading brands and experienced executives in Consumer Health. This category will continue to be a focus area for us in the future.”

Sawaya Partners, LLC acted as financial advisor to Gryphon, and Kirkland & Ellis LLP served as Gryphon’s legal counsel.

About Matrixx Initiatives, Inc.
Matrixx is engaged in the development and marketing of over-the-counter health care products that utilize innovative drug delivery systems. The company manufactures and markets a full line of Zicam brand Homeopathic and Allopathic OTC products, including its clinically proven ZICAM® Cold Remedy Nasal Spray and Swab, ZICAM® Cold Remedy RAPIDMELTS®, ZICAM® Cold Remedy Medicated Fruit Drops, ZICAM® Extreme Congestion Relief, and ZICAM® Intense Sinus Relief. For more information regarding Matrixx products, please visit www.zicam.com.

About Gryphon Investors
Based in San Francisco, Gryphon Investors is a leading private equity firm focused on growing and enhancing mid-market companies in partnership with management. The firm has managed over $5 billion of equity investments and capital since 1997. Gryphon targets making equity investments of $50 million to $300 million in portfolio companies with sales ranging from approximately $100 million to $600 million. Gryphon prioritizes investment opportunities where it can form strong partnerships with owners and executives to build leading companies, utilizing Gryphon’s capital, specialized professional resources, and operational expertise. For more information, visit www.gryphoninvestors.com.

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