InfraRed NF invests in Hong Kong’s premium self-storage provider RedBox Storage Limited

InfraRed Capital Partners

InfraRed NF, the leading Greater China real estate investment manager, is pleased to announce the acquisition of a 90% shareholding in RedBox Storage Limited (“RedBox”), a premium self-storage provider in Hong Kong.

The initial commitment of US$50 million forms the equity component of a business plan seeking to create the market leading self-storage platform in Hong Kong through a series of direct property acquisitions across the territory.

RedBox is InfraRed NF’s second investment in the self-storage market after investing US$28 million in China Mini Storage, an intelligent technology-led, leading self-storage operator in China, in 2017. InfraRed NF will bring existing knowledge of the industry as well as expertise as one of Greater China’s leading real estate investors to support RedBox’s preferred model of owning its own sites providing longevity and long-term security to its customers.

RedBox was founded in 2014 by E3 Capital Partners and offers the highest quality facilities including climate control and 24-hour security. RedBox leads the market in terms of security and the strategically located high profile sites are being optimally designed for fire safety, in keeping with local regulations.

The company is rapidly expanding to provide flexible bespoke storage solutions for personal and business customers across the territory. By the end of the investment program RedBox will command a leading market share in over seven key districts to provide its customers with clearly differentiated self-storage solutions defined by value-for-money and impeccable service.

Stuart Jackson, CEO of InfraRed NF, said: “This is an exciting time for RedBox as it continues to develop into the market leader in Hong Kong. Ownership of their properties provides an attractive real estate investment opportunity in a market where demand for self-storage is high and supply is constrained by the Government revitalisation programme and regulations following the 2016 fire in Ngau Tau Kok.”

Simon Tyrrell, CEO of RedBox, said: “InfraRed NF’s investment will be used to expand our existing operations across additional sites in Hong Kong and further develop our technology and logistics platform to continue to lead the industry into the next generation of self-storage. We are excited to work with InfraRed NF as they will bring significant value through their wealth of knowledge of the sector as well as the wider real estate market, and this will support us with the next stage of our development.”

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The Apax Digital Fund to acquire Solita

Apax Digital

19 April 2018

The investment will accelerate growth and international expansion 

London and Helsinki, April 19, 2018: The Apax Digital Fund, a growth equity fund advised by global private equity advisory firm Apax Partners, today announces the acquisition of a majority stake in leading Finnish digital transformation company Solita from Vaaka Partners. Solita management will acquire a minority stake in the business, alongside the Apax Digital Fund. Financial terms of the transaction are not being disclosed.

Solita is a digital transformation company driven by data and human insight. The company provides a range of services, including strategic consulting, service design, artificial intelligence, analytics, and managed cloud services, to its fast-growing international client roster. The company was founded in 1996 and employs more than 650 digital specialists across Finland, Sweden, Singapore, and Estonia.

The investment from the Apax Digital Fund will enable Solita to boost growth in its native Finland and accelerate its international expansion, both organically and through potential acquisitions.

Jari Niska, President and CEO of Solita, commented: “We are highly committed to be our customers’ trusted advisor on their transformation journey towards a better future, and are proud of our company’s accomplishments to date, which include a near tripling of our team and revenue over the last five years. We are especially happy to have achieved this while nurturing a unique and inspiring culture. We are now delighted to partner with the Apax Digital Fund as we embark on the next stage of Solita’s growth and believe their team’s insight and experience with other leading digital transformation companies will be invaluable as we continue to expand our business.”

“We are hugely excited to partner with Solita, the leader in digital transformation in Finland, and support Jari and his talented team in developing a pan-Nordic champion,” said Mark Beith, Managing Director of Apax Digital. “Solita has an outstanding end-to-end offering, with worldclass, cross-functional teams helping customers all the way – from crafting their strategy and designing their architecture to developing cutting-edge software and integrating best-in-class data and analytics.”

Marcelo Gigliani, Managing Partner of Apax Digital, said, “The world’s most successful companies are increasingly embracing agile technology solutions to address their digital transformations and enhance their competitive advantages. Solita has a long and proven track record in supporting its clients’ digital efforts, through its unwavering focus on innovation, excellence, and people. We aim to leverage Apax’s deep experience investing in leading global digital services companies to accelerate Solita’s growth plans.”

The investment in Solita is the Apax Funds’ tenth IT services investment. Previous notable investments in the sector include Wizeline (an Apax Digital Fund investment), GlobalLogic, ThoughtWorks, EVRY, Engineering, and Zensar.

About Solita
Solita is a digital transformation company driven by data and human insight. We create culture, services and tech solutions that help us reinvent businesses and society for the better. Our services range from strategic consulting to service design, digital development, data, AI & analytics and managed cloud services. Established in 1996, Solita employs 650 digital business specialists in Helsinki, Tampere, Oulu, Singapore, Stockholm and Tallinn. For further information, please visit https://www.solita.fi.

About Apax Digital
Apax Digital advises the Apax Digital Fund, which specializes in growth equity and buyout investments in high-growth enterprise software, internet, and technology-enabled services companies worldwide. Apax Digital leverages Apax Partners’ deep tech investing expertise, global platform, and specialized operating experts, to enable technology companies and their management teams to accelerate the achievement of their full potential. For further information, please visit http://digital.apax.com.

Over its more than 35-year history, Apax Partners has raised and advised funds with aggregate commitments of over $50 billion. These funds provide long-term equity financing to build and strengthen world-class companies. For further information about Apax Partners, please visit http://apax.com.

Press contacts:

Solita
Jari Niska, CEO, Solita | +358 40 524 6400 | jari.niska@solita.fi
Media: Minna Pinola | +358 40 5166 024 | minna.pinola@solita.fi

Apax Partners
Global Media: Andrew Kenny, Apax | +44 20 7 872 6371 | andrew.kenny@apax.com
UK Media: Matthew Goodman / James Madsen, Greenbrook | +44 20 7952 2000 | apax@greenbrookpr.com
USA Media: Todd Fogarty, Kekst | +1 212-521 4854 | todd.fogarty@kekst.com

 

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IK sells specialist tourism group Touristry to TGH

ik-investment-partners

IK Small Cap I Fund, advised by IK Investment Partners (“IK”), the leading Pan-European private equity firm, announces today that it has reached an agreement to sell Touristry Group Holding AB (“Touristry” or “the Company”), a market leading operator of sightseeing buses and boats and a provider of tourism related services, to Amsterdam-based Tourism Group Holding B.V. (“TGH”). Financial terms of the transaction are not disclosed.

Founded in Stockholm in 2011, Touristry quickly gained market share from the incumbent market dominating player. Originally launched as a new brand of “hop on, hop off” buses, Touristry transformed the Nordic tourism sector by unveiling a fleet of modern bright red vehicles equipped with free Wi-Fi and multilingual audio guides. In 2014, the Company further expanded by adding hop-on, hop off sightseeing boats to its offering in Stockholm. Touristry offers an array of tourism services to approximately 2 million customers a year.

In addition to helping cement Touristry’s market leading position in the Nordic region, IK enabled the company to expand into Germany via two add-on acquisitions. Touristy now boasts a presence across Northern European tourist destination cities, including Stockholm, Copenhagen, Helsinki, Tallinn, Riga, and Berlin.

Commenting on the sale, Kristian Carlsson Kemppinen, Partner at IK Investment Partners and advisor to the IK Small Cap I Fund said: “Touristry has been a success story and we have greatly enjoyed working with its entrepreneurial team. It has been a pleasure seeing the business grow to new heights. IK remains very interested in supporting management teams and investing in growing and innovative companies across Europe, and helping them to become market leaders like Touristry.”

Micha Gottfarb, founder of Touristry and CEO, commented: “Since our very first meeting, the business relationship with IK has been underpinned by mutual trust and a shared vision. With IK’s help we were able to transform Touristry into a truly international business, with the scale and functionality to grow and sustain our market share. I look forward to building on our success in this next chapter for the company together with our new partner, TGH.”

Dirk Lubbers, CEO of TGH, said: “In Touristry we identified a company which had all the ingredients of a great business: innovation, a unique concept, and a product that was widely loved by the market. We look forward to working with Micha and his team to expand Touristry even further and ensure that the European tourism market continues to benefit from the great customer experience Touristry is able to provide. After our very successful expansion in Amsterdam we are thrilled to be able to realise a powerful urban tourism concept abroad. And as a result of our first foreign acquisition, I am proud to announce our new name; Tourism Group International.”

For further questions, please contact:

IK Investment Partners
Kristian Carlsson Kemppinen, Partner
Phone: +46 8 678 9500

Mikaela Hedborg
Director Communications & ESG
Phone: +44 77 87 573 566
mikaela.hedborg@ikinvest.com

Touristry
Micha Gottfarb, CEO
Phone: +46 709 35 53 93
micha@touristry.se

Tourism Group Holding
Dirk Lubbers, CEO
Phone: +31 (0)20 5300 919
d.lubbers@tourismgroupholding.com

About Touristry
Touristry is a market leading provider of tourism related services in the Nordics, primarily focused on bus and boat sightseeing (“Hop-On, Hop-Off”). Headquartered in Stockholm, the company has grown rapidly by expanding with its main brands Red Buses and Red Sightseeing and today provides services to over 2 million tourists per year in the Nordic region.

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €9.5 billion of capital and invested in over 115 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com

About Tourism Group Holding
Founded by Erik de Visser in 1983, TGH has grown from a family owned ticket reseller into the leading tour operator for urban tourism in the Netherlands. Through several strategic acquisitions TGH created a fully integrated urban tourism company offering unrivalled visitor experience by offering a broad range of tickets to local museums, attractions, Amsterdam canal cruises, hop-on hop-off bus trips, and fun excursions to other places in the Netherlands and Belgium.
For more information visit www.tours-tickets.com

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GP Bullhound advises Solita Group on its sale to Apax Digital

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Gp Bullhound

GP Bullhound acted as exclusive financial advisor to digital transformation agency Solita Group on its sale to Apax Digital, a high growth tech focused minority and buyout fund advised by global private equity firm Apax Partners
Solita Group is a leading provider of data-driven digital transformation services to premier Nordic and European private and public clients, with headquarters in Tampere and offices in Helsinki, Oulu, Stockholm and Tallinn. The Company offers an end-to-end digital transformation service with a focus on using data to underpin the digital transformation process.

Jari Niska, CEO of Solita Group commented: “We are pleased to team up with Apax Digital for the next phase of our exciting journey. Apax’s superior sector expertise will be pivotal in growing Solita both internationally and domestically. The highly professional team from GP Bullhound, coupled with their global presence, was instrumental in making this process a success.”

Sven Raeymaekers, Partner at GP Bullhound, commented: “With data, machine learning and artificial intelligence impacting digital agendas across public and private organisations, we see significant international potential for agencies such as Solita. We are delighted to have advised Solita Group and Vaaka Partners on this transaction to help them find the right partner for the next phase of growth.”

This is GP Bullhound’s second transaction in Finland, following the €64m sale of Rightware to Thundersoft, and further underlines GP Bullhound’s expertise in advising category leaders in the Digital Services sector, with 27 transactions completed in the last 24 months for clients including In2Media (sold to KMD), Ansira (acquired by Advent International) and Karmarama (sold to Accenture), among many others.

Enquiries
For enquiries please contact:
Sven Raeymaekers, Partner, at sven.raeymaekers@gpbullhound.com, or Ravi Ghedia, Vice President, at ravi.ghedia@gpbullhound.com.

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

 

Dealmakers in Technology

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Gilde Buy Out Partners and Management acquire Veco Precision from SPGPrints

Gilde Buy Out

April 19, 2018 Eerbeek / Utrecht – Funds advised by Gilde Buy Out Partners (‘Gilde’) today announced the acquisition of Veco B.V. (“Veco” or the “Company”), which was sold by its parent company SPGPrints B.V. (“SPGPrints”). The terms of the agreement have not been disclosed. Veco, a leading supplier of high-precision metal components, maintains a track record of innovation and has built a strong development pipeline supporting the future growth of the Company. Under the ownership of SPGPrints, Veco has displayed consistent growth, both organically as well as through add-on acquisitions. Commenting on the sale, Joost Smits, CEO of Veco says: “I am grateful to all at Veco and SPGPrints for their contribution and support in putting the Company on a path of sustained growth. The sale of Veco to Gilde will allow us to further develop Veco as a strong, stand-alone business.” Hein Ploegmakers, partner at Gilde: “We have been following Veco for some time and are impressed with its track record of consistent growth. The Company has built a leading position in micro-precision technology and is in an excellent position to further build on this solid foundation. We are excited to support Veco in this next phase of development.” full details Read more at: http://gilde.com/news/2018/gilde-buy-out-partners-and-management-acquire-veco-precision-from-spgprints

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DIF acquires a portfolio of Norwegian social infrastructure

DIF

Schiphol, 18 April 2018 – DIF Core Infrastructure Fund I (DIF CIF I) is pleased to announce that it, together with Infranode, has completed the acquisition of a Norwegian portfolio of four rehabilitation centres, 41 care homes and seven preschools from SPG. DIF CIF I has acquired a 40% shareholding, and Infranode 60%.

The facilities are contracted and operated by renowned Norwegian and international private health and care providers, which receive their funding from local and regional public authorities. The portfolio’s assets are located in densely populated areas, with the majority located in the attractive greater Oslo region.

The investment provides mid to long-term contracted cash flows, with strong counterparties and is a good fit with DIF CIF I’s investment strategy.

Willem Jansonius, Partner at DIF added: “DIF is excited to enter the growing Norwegian private health and care market. We have established a strong partnership with Infranode and are looking forward to further growing this platform in the future.”

About DIF

DIF is an independent and specialist infrastructure fund management company, managing funds of approximately €5.1 billion across seven closed-end investment funds and several co-investment vehicles. DIF invests in the global infrastructure market through two differentiated and complementary strategies.

DIF Infrastructure V targets PPP / PFI / P3, regulated infrastructure assets and renewable energy projects.

DIF CIF I targets small to mid-sized infrastructure assets in, amongst others, the energy, transportation and telecoms sectors which generate stable and predictable cash flows that are protected over the mid-term.

Both strategies target greenfield and brownfield investments in Europe, North America and Australasia.

DIF has offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid, Toronto and Sydney.

For more information, please contact:

Willem Jansonius, Partner
Email: w.jansonius@dif.eu

Allard Ruijs, Partner
Email: a.ruijs@dif.eu

 

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Orpea aims to acquire majority stake in Dagelijks Leven

NPM Capital

Belgian health care provider Orpea Group is proposing to acquire a majority of the shares of Dagelijks Leven. Dagelijks Leven realises small-scale residential care centres for residents with memory problems.

Dagelijks Leven has been operating since 2014 and has 29 locations distributed throughout the Netherlands. All  locations are in the centre of their district and offer space for 20 residents. The wellness and well-being of residents is a central feature of the vision of Dagelijks Leven, whereby residents can feel at home as far as possible. The mission of Dagelijks Leven is to keep this form of residential care affordable for everyone.

Orpea Group is originally a French company incorporated in 1989 by Dr. J. Marian. Over nearly 30 years, Orpea has gained extensive experience in health care and services to the elderly and is internationally recognised as a high quality health care provider, caring for over 80,000 residents in 818 care facilities in 12 countries. Orpea has been listed on the Paris stock exchange since 2002.

NPM Capital is selling its majority stake in the care company. Paul Bisseling, investment manager at NPM Capital, says: “We do not usually invest in very small start-ups, but we were so enthusiastic about this concept that we made an exception. We are sorry to see our involvement come to an end, but we are also pleased with the arrival of Orpea.”

The management of Dagelijks Leven is pleased with its new partner: “Orpea has a huge amount of knowledge and experience that can benefit us in the Netherlands. We look forward to our cooperation and believe that it will add value for everyone.”

The residences of Dagelijks Leven are all realised in cooperation with the developer Amvest, a joint venture between Aegon and PFZW. CFO Dennis van Vugt of Amvest reacted enthusiastically to the acquisition by Orpea: “It is good to see that a quality international provider is also excited about this concept.”

Positive advice

The transaction is still subject to approval by NZa. The majority of the care administration offices relevant to Dagelijks Leven have now approved the deal. The works council and the relatives’ council of Dagelijks Leven have also issued positive recommendations.

There will be no initial changes for the residents and staff of Dagelijks Leven as a result of the acquisition. Later on, there will be benefits from the rich knowledge and experience available at Orpea.

 

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KKR agrees to sell its 75% equity stake in South Staffordshire Plc to Arjun Infrastructure Partners

KKR

London, 13 April 2018

KKR, a leading global investment firm, and Arjun Infrastructure Partners (“AIP”), an independent infrastructure investment advisory company, have announced an agreement by which the 75% equity stake currently owned and controlled by KKR’s infrastructure funds and other accounts in South Staffordshire Plc (the “Company”) will be sold to pension funds and other institutional investors advised by AIP. The transaction is subject to customary regulatory approvals and clearances. No financial terms are being disclosed.

South Staffordshire Plc is comprised of a regulated water company, South Staffordshire Water Plc (“SSW”), the statutory supplier of water to around 1.6 million customers in the South Staffordshire and Cambridge regions in the UK, and a significant non-regulated business which provides contractual specialist services primarily to the UK water sector.

SSW is a leading company in the UK water sector, with an established track record of high levels of customer service, fair pricing and environmentally sustainable operations. The non-regulated business, which includes SSI Services and Echo Managed Services, operates across the UK and continues to leverage Its valuable relationships with companies across various regulated sectors.

The Company is committed to serving and supporting its customers and the local community in South Staffordshire and Cambridge. Last year the business provided support to over 23,000 customers in debt, helping them to manage their water accounts and introducing the ‘Assure’ social tariff to offer a discount on bills based on income and expenditure. The Company has invested significantly in the areas which it serves, supporting the successful introduction of the £1 billion North West Cambridge development by supplying homes and community facilities with the UK’s largest rainwater recycling scheme.

Ram Kumar, Chairman of the Company and a senior member of KKR ’s infrastructure team, said:

“South Staffordshire has a long and successful track record as a UK water utility, and KKR is proud to have been involved with it over the past five years. During our ownership, we have enabled the Company to enhance the quality and reliability of its water supply, support its customers and invest in environmentally sustainable operations. We are confident that the Company is well positioned to continue delivering on its social commitments under AIP’s majority ownership.

”Adrian Page, Group Chief Executive of the Company, said: “We are delighted to have successfully worked with the team at KKR over the past five years. We welcome Arjun as a long term investor based in the UK and are looking forward to working with them and maintaining our position as a leading company in the UK water sector.

”Surinder Toor, Founding Partner of AIP, said: “We are very pleased to have completed this investment on behalf of our investors, who are all natural long-term owners of infrastructure businesses. We recognise that South Staffordshire Plc is a high quality water utility and we are excited to be working alongside the management team and the existing shareholder, Mitsubishi Corporation. Our priority will be to support Adrian Page and his team in continuing to deliver for their customers and the local community.”

About South Staffordshire Plc

South Staffordshire Plc is an integrated services group with a highly regarded regulated water supply business covering two separate supply regions (South Staffs Water and Cambridge Water), coupled with the provision of related, non-regulated specialist services within two main divisions, Echo and SSI Services. For more information about South Staffordshire Plc, please visit www.south-staffordshire.com

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic manager partnerships 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. L.P. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About Arjun Infrastructure Partners

Arjun Infrastructure Partners facilitates the direct infrastructure investment strategy of large sophisticated investors working in partnership whilst allowing each investor to retain all the benefits of a direct investment approach. Founded in 2015, AIP has now made seven investments on behalf of its investors in the UK and the Middle East. AIP is being advised on this investment by White & Case LLP and Brodies LLP(legal advisers) and Evercore (financial advisers).

Media Contacts

Alastair Elwen

Finsbury

Phone: +44(0)20 7251 3801

Email: alastair.elwen@finsbury.com

 

 

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Ardian raises €230 million for second growth fund

Ardian

The new fund is three times the size of the previous generation, attracting in record time a wide range of institutional investors and entrepreneurs

Paris, 12 April 2018: Ardian, a world-leading private investment house, today announces that it has raised €230 million for its latest Growth Equity fund, Ardian Growth Fund II. The size of this new fund, raised in four months, is three times bigger than Fund I (€70M raised in 2014) and confirms Ardian Growth’s leading position in the European growth equity market.

The fundraise has generated strong interest from both institutional investors such as the European Investment Fund (FEI) and Bpifrance – which invests on its own account and within the framework of the Investments for the Future Programme via the MultiCap Croissance fund – and as well as from more than 50 leading European entrepreneurs in the digital sector. The strong demand highlights the quality of the team and its track record, combining knowledge of entrepreneurship with deep sector expertise.

As a long-standing player in the market with around €500 million of assets under management, Ardian Growth is a preferred partner for entrepreneurs looking to grow their business. Since 1998, Ardian Growth has supported more than 100 companies in the digital sector (software, internet, etc.), most recently including Bricoprivé and Ivalua in France, Lastminute.com in Italy and T2O in Spain.

Benefitting from Ardian’s international presence and its track record in Europe and the U.S., the team takes both minority and majority positions, investing up to €25 million in fast growing and profitable companies that want to accelerate their international development and external growth. Active in France, Italy, Spain and Benelux, the team pursues a pan-European investment strategy.

Laurent Foata, Head of Ardian Growth, said: “This fundraise was completed at a record speed and was heavily over-subscribed, demonstrating the trust given to our team and strategy by both existing and new investors. By welcoming a new group of leading entrepreneurs as investors, we significantly add to our ability of offering a truly differentiated approach to portfolio companies. With the substantial size of the fund, the fundraise strengthens Ardian Growth’s positioning as a leading growth catalyst for ambitious entrepreneurs across Europe.”

During the last twelve months, Ardian Growth has been particularly active with more than 9 exits, 5 investments and 9 build-ups.

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$67bn managed or advised in Europe, North America and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.

Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 490 employees working from 13 offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco) and Asia (Beijing, Singapore, Tokyo). It manages funds on behalf of about 700 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

Follow Ardian on Twitter @Ardian

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EURAZEO Finalizes the acquisition of a 70% stake in IDINVEST PARTNERS

Eurazeo

Eurazeo is pleased to announce the acquisition of a 70% Stake in Idinvest Partners. This follows the announcement on February 5, 2018 of a final agreement between the parties In which IDI, an investment company listed on Euronext Paris, undertook to sell its entire investment in Idinvest, i.e. 51% of the share capital.

Founded in 1997, Idinvest Partners has financed nearly 4,000 European companies via its three business lines: Venture & Growth Capital, Private Debt and Dedicated Portfolios & Funds(including secondary transactions).

The company manages €7 billion for insurance companies and leading institutional investors, as well as 80,000 private individuals. Idinvest Partners draws on its experience and expertise in numerous sectors to support entrepreneurial development projects. This transaction is an integral part of Eurazeo’s long-term strategy to become the partner of trust for businesses and entrepreneurs at all stages of their development. It also supports its dual business model by developing third-party fund management.

A share acquisition price of €230 million was paid on completion of the deal, valuing Idinvest at €310 million. Idinvest will retain management autonomy and an unchanged management team, which will continue to hold 30% of the capital.

 

About Eurazeo

With a diversified portfolio of approximately €15 billion in assets under management1, including €9 billion from third parties, Eurazeo is a leading global investment company with offices in Paris and Luxembourg, New York, Shanghai and Sao Paulo. Its purpose and mission is to identify, accelerate and enhance the transformation potential of the companies in which it invests. The firm covers most private equity segments through its five business divisions– Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo Brands – and its Idinvest business divisions. 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. As a global long-term shareholder, the firm offers deep sector expertise, a gateway to global markets, and a stable foothold for transformational growth to the companies it supports.

1 proforma of Idinvest and Rhône

 

Eurazeo is listed on Euronext Paris.

ISIN: FR0000121121

Bloomberg: RF FP

Reuters: EURA.PA

About Idinvest Partners

With €7 billion under management, Idinvest Partners is a leading pan-European private equity firm focused on the mid-market segment. Idinvest Partners has developed several complementary areas of expertise including growth capital investments in innovative European start-ups; mid-market private debt (unitranche, senior loans and subordinated financing); primary and secondary investments in unlisted European companies and private equity consulting. Founded under the name AGF Private Equity in 1997, Idinvest Partners was formerly part of Allianz until 2010 when it became an independent firm.

 

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