Category Archives: News

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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Telematics specialist YellowFox accelerates growth with new partner ECM

Ecm

Telematics specialist YellowFox accelerates growth with new partner ECM

  • YellowFox is one the fastest-growing providers of intelligent telematics solutions. These can be used in all industries, vehicle types and company sizes.
  • The focus is on digital fleet and object management of movable assets including heavy trucks, vans, cars, construction machinery and containers.
  • Around 60,000 vehicles are already equipped with YellowFox’ solutions, ensuring transparency, productivity, cost savings and compliance with applicable regulation.
  • ECM supports the further development of YellowFox as an entrepreneurial partner. Co-founder Hendrik Scherf remains CEO and significantly invested in the company. Together, the partners intend to lead the telematics specialist into the next phase of growth.

German Equity Partners V (‘GEP V’ or the ‘Fund’), a fund managed by independent German investment company ECM Equity Capital Management GmbH (‘ECM’), has invested in the telematics software provider YellowFox GmbH (‘YellowFox’) in the context of a partnership investment. YellowFox offers modular, cloud-based SaaS software solutions for digital fleet and object management that enables substantial increases in productivity and cost efficiency as well as regulatory compliance. The solutions are suitable for all industries, fleet sizes and vehicle types. Co-founder Hendrik Scherf as well as the other shareholders will retain a stake in the company. Together with ECM, Hendrik Scherf and the management team will lead the telematics specialist into the next phase of its development. The parties have agreed not to disclose financial details of the transaction.

The entire telematics world from a single source

YellowFox was founded in 2003 with headquarters in Kesselsdorf near Dresden and employs 70 people today. The company has a broadly diversified customer base across the DACH region and Benelux with around 60,000 active systems operated by both large companies and small businesses. YellowFox serves a wide range of industries – from the transport and logistics sector to industrial service providers, the construction industry, craftsmen and waste disposal providers, as well as rail, bus and taxi companies. YellowFox’ telematics solutions enable simple and efficient generation, analysis and presentation of data as well as communication between the company, employees, fleet vehicles, objects and mobile devices. The high degree of standardisation, cloud architecture, interfaces and modular design allow new customers and additional systems to be connected quickly and without significant implementation efforts.

The company follows a holistic approach – from internal software development and product manufacturing to the operation of data centres in Germany, sales and marketing as well as customer support. This ensures the highest quality, innovative strength, availability as well as customer service and thus a high level of customer satisfaction. Since inception, YellowFox has continuously expanded its solutions portfolio to include innovative features that go beyond traditional telematics. The customer’s entire vehicle fleet and movable asset base can be tracked, evaluated and controlled with just one click. The telematics offering is modular and can be expanded as required to include various functionalities such as tachographic data management, driving style analysis, object management, working time and activity recording, driving licence control, expense accounting, route planning as well as comprehensive fleet and order management solutions.

Expansion of the leading market position in a dynamically growing market

Due to increasingly strict legal regulations throughout Europe with regard to commercial drivers and data management of digital control devices as well as constantly increasing efficiency requirements, the use of telematics is now indispensable for competitive workflow management and cost-efficient operation of fleets and movable assets. The increasing adoption rate of telematics solutions results in strong market growth. YellowFox has firmly established itself as a leading provider and is one of the fastest-growing companies in Europe in this fragmented market. The successful growth is now to receive additional impetus with ECM as an entrepreneurial partner. The focus will be on product innovation and the acquisition of new customers as well as sales partnerships. The growth strategy also includes increasing penetration of sectors and applications where the adoption rate is still comparatively low. Targeted acquisitions to extend the solutions portfolio, also in related software spaces, and expand geographically are to complement organic growth.

With its extensive experience in supporting growth, internationalisation as well as buy-and-build strategies in medium-sized companies ECM will actively contribute to YellowFox’ further development. ECM has already backed various software companies as well as the logistics provider inTime. As such, ECM brings functional and industry-specific know-how as well as a long-standing industry network to its partnership with YellowFox.

Hendrik Scherf, co-founder and CEO of YellowFox, explained: ‘I am proud of the team at YellowFox, whose passion for telematics has helped develop the company into one of the market leaders in the DACH region. We would also like to thank our loyal customers and sales partners, with whom we always work as equals. For the next step in our development, we have now found in ECM an entrepreneurial investor with a great feel for SMEs. Together we want to take YellowFox to the next level.’

Florian Thelenberg, partner at ECM, added: ‘There is already no way around the use of intelligent telematics solutions in many sectors – if only to meet legal requirements and to realise transparency, efficiency and cost benefits. The requirements will continue to increase across all sectors. We see great potential for YellowFox. The areas of application for the telematics solutions are far from exhausted and the growth prospects are therefore exceptionally good. We are very pleased to support Hendrik Scherf and the highly motivated team in further developing YellowFox.’

GEP V was advised on this transaction by Taylor Wessing (legal), Flick Gocke Schaumburg (structuring), Codex (market due diligence), Ebner Stolz (finance and tax), Code & Co (IT) and Willis Towers Watson (insurance). Florian Thelenberg, Axel Eichmeyer, Tim Krume and Christoph Demers are responsible for the transaction at ECM. YellowFox was advised on the transaction by Carl Finance (M&A) and Deloitte Legal (legal and structuring).

About Yellow Fox GmbH (‘Yellow Fox’)

YellowFox, based in Kesselsdorf, develops telematics solutions for a wide range of industries, vehicles and movable assets as well as companies of various sizes. Development, sales and customer support are managed in-house. The company offers a comprehensive, modular and scalable solutions portfolio for digital fleet and object management. YellowFox thus supports its customers in increasing their productivity, cost efficiency, regulatory compliance and digitisation.

Further information at: www.yellowfox.de.

 

On behalf of ECM:

Charles Barker Corporate Communications GmbH
Georg Schattney, Kornelia Spodzieja, Tel.: +49 (0)69 7940 9044
Georg.Schattney@charlesbarker.de, Kornelia.Spodzieja@charlesbarker.de

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The Onex Group to Invest in K-12 Industry Leader Weld North Education

Onex

Furthers Weld North Education’s Mission to Deliver Innovative and Comprehensive Digital-firstCurriculum Solutions and Servicesto Teachers and Students Across the U.S.
New York, NY, Toronto, ON, February 1, 2021 – Weld North Education (“WNE”) and Onex Corporation (“Onex”)(TSX: ONEX) today announced that Onex Partners V, Onex’ $7.2 billion fund, and certain co-investors, including Onex (the “Onex Group”), have agreed to make a significant investment in WNE, in partnership with the management team and the company’s existing investor, Silver Lake.

WNE is the leading K-12 digital curriculum company in the U.S., focused on unlocking the power of innovative technologies for learning, serving ten million students and seven thousand school districts with a comprehensive array of digital first curriculum solutions and services.
Jonathan Grayer, Chairman and CEO of Weld North Education stated,“Since we launched WeldNorth Education in 2010,our unwavering commitment remains the same: to deliver products, capabilities and solutions that transform how teachers teach and how students learn by enablingthe power of data-driven instruction. As the leader in K-12 digital curriculum, we are proud ofourwork this past year in supporting schools, teachersand students during this unprecedented period of upheaval caused by the pandemic and weare privileged to be valued partners with administrators, teachers and students in harnessing technology to enhance the learning experienceand improve outcomes, both today and tomorrow.”

“We are delighted to partner with Jonathan, the team at Weld North Education and Silver Lake to invest in the future of transforming education. We have hands-on knowledge of the benefits of increased technology usage in K-12 education and are excited about Weld North Education’s commitment to improving student outcomes through a digital-first learning experience that gives teachers the tools they need,” said Laurence Goldberg, an Onex Managing Director.
“We are excited to welcome the Onex team as our new partners at Weld North Education. Onex shares our passion for education technology and has an impressive track record investing behind industries undergoing transformation. Since the time we first invested three years ago, we have never been more enthusiastic about Weld North Education’s future and we look forward to working closely with Onex and Jonathan for years to come,” said Silver Lake Managing Director Jonathan Durham.

The transaction is anticipated to close by the end of the first quarter subject to customary conditions and regulatory approvals. Further terms of the investment are not being disclosed at this time.
About Weld North Education
Weld North Education is a leading digital education technology company focused on developing digital curriculum and tools for PreK–12 students. The Company is built around two underlying businesses, Edgenuity and Imagine Learning. Edgenuity is a leading digital courseware provider focused on providing online curricula and intervention solutions. Imagine Learning is a leading digital supplemental solutions provider focused on addressing language, literacy and math. Read more about Weld North Education at www.weldnorthed.com.

About Onex
Founded in 1984, Onex invests and manages capital on behalf of its shareholders, institutional investors and high net worth clients from around the world. Onex’ platforms include: Onex Partners, private equity funds focused on larger opportunities in North America and Europe; ONCAP, private equity funds focused on middle market and smaller opportunities in North America; Onex Credit, which manages primarily non-investment grade debt through collateralized loan obligations, senior loan strategies and other private credit strategies; and Gluskin Sheff’s wealth management services including its actively managed public equity and public credit funds. In total, as of September 30, 2020, Onex has approximately $36.6 billion of assets under management, of which approximately $6.7 billion is its own shareholder capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.
The Onex Partners and ONCAP businesses have assets of $36 billion, generate annual revenues of $22 billion and employ approximately 149,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.

About Silver Lake
Silver Lake is a global technology investment firm, with approximately $75 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe and Asia. Silver Lake’s portfolio of investments collectively generates more than $180 billion of revenue annually and employs more than 400,000 people globally. For more information about Silver Lake and its portfolio, please visit www.silverlake.com.

Contacts:
Weld North Education
Elliot Sloane
ThroughCo Communications
esloane@throughco.com
917-291-0833
Onex
Jill Homenuk
Managing Director – Shareholder Relations and Communications
jhomenuk@onex.com
416-362-7711
Silver Lake
Jennifer Stroud
Edelman Jennifer.Stroud@Edelman.com
646-565-1792

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Apax closes Apax X at its $11 billion hard cap

Apax

29 January 2021

Apax Partners LLP (“Apax”), a leading global private equity advisory firm, today announced the successful final close of the Apax X fund (“Apax X” or “the Fund”) at its hard cap of $11 billion, excluding affiliated entities. As with its predecessor funds, Apax X is a dual-currency fund (USD and EUR). Aggregate commitments across all funds advised by Apax now total more than $60 billion.

With Apax X, Apax will continue to pursue its sector-focused strategy, identifying opportunities across the Tech, Services, Healthcare and Consumer sectors. The Fund has already made eight investments in specialist sub-sectors, including tech-enabled services, software, digital marketplaces and healthcare services, and is now 22% invested[1].

The Fund received commitments from a combination of new and returning investors from across the globe and their support is an endorsement of Apax’s approach of creating value through business improvement. The investors include private and public pension funds, sovereign wealth funds, fund of funds, insurance companies, endowments and charitable foundations. Apax is grateful for the support of all investors, new and returning alike, who have contributed to the successful closing of Apax X.

About Apax Partners LLP
Apax is a leading global private equity advisory firm. Over its more than 40-year history, the firm has raised and advised funds with aggregate commitments of more than $60 billion. The Apax Funds invest in companies across four global sectors of Tech, Services, Healthcare and Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see: www.apax.com.

Contact 

Katarina Sallerfors
Tel: +44 207 872 6526
Email: katarina.sallerfors@apax.com

Categories: News

EQT takes next step in its Asia-Pacific strategy – opens office in Japan

eqt

In line with EQT AB’s strategic roadmap outlined at the IPO in 2019, growing in the Asia-Pacific region is a key focus area. As the next step on that strategy, EQT is happy to announce the establishment of a local EQT Partners office in Japan. The first EQT investment advisory team to establish in Japan is the Private Equity business line with the team based in Tokyo. EQT is in the process of both recruiting local talent and relocating EQT resources to build a team representing both EQT’s DNA and local-with-locals approach.

Christian Sinding, CEO and Managing Partner of EQT AB, says: “Japan is a major and increasingly exciting market for private capital and one of the largest geographic opportunities we have globally. We are now making a long-term commitment to developing EQT’s presence in Japan and believe that our unique value-added approach and industrial heritage will be highly relevant. Core EQT skills such as supporting companies to internationalize, go through a digital transformation and become sustainability leaders, are all areas where we could support many Japanese companies”.

To ensure effective access to the Japanese market, and that EQT’s industrial, growth-focused investment approach is adapted to domestic market conditions, EQT is also delighted to announce that it will collaborate with a local leading private equity firm Japan Industrial Partners (“JIP”). The specific area of focus will be in finding sizable investment opportunities where global expansion is required, mainly in healthcare, TMT, industrial technology and services sectors. JIP has an outstanding track record in the Japanese market and has been in operation since 2002.

Simon Griffiths, Partner and Head of EQT Private Equity Asia-Pacific, says: “The Japanese market is developing rapidly, and we see many examples where EQT’s expertise and approach can support Japanese companies. JIP has a very similar approach to investing, taking a long-term view, and seeking to develop the strategy and operations of each company in close collaboration with management. We look forward to working together with JIP to help create global growth opportunities for Japanese industries.”

The establishment of EQT Partners’ Japan office is subject to obtaining registration under the Financial Instruments and Exchange Act in Japan.

Contact
Simon Griffiths, Partner and Head of EQT Private Equity Asia-Pacific, +65 6978 3833
Nina Nornholm, Head of Communications, +46 70 855 03 56
EQT Press Office, press@eqtpartners.com

About EQT
EQT is a purpose-driven global investment organization with close to three decades of consistent investment performance across multiple geographies, sectors, and strategies. EQT has raised more than EUR 84 billion since inception and had as of December 31, 2020 more than EUR 52 billion in assets under management across 17 active funds within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in 17 countries across Europe, Asia-Pacific and North America with more than 700 employees.

More info: www.eqtgroup.com

Follow EQT on LinkedIn, Twitter, YouTube and Instagram

Categories: News

Gimv announces share buyback in the context of a share purchase plan for its personnel

GIMV

The Board of Directors of Gimv has decided, in application of Art. 7:215, §1, al. 3 of the Companies Code, to start a share buyback program of 40,000 shares in the framework of a share purchase plan for certain Gimv employees. Gimv will start the buyback program on February 1, 2021 until the targeted volume has been purchased with a final end date of March 15, 2021.

The buyback program will be conducted in accordance with applicable regulations. For this purpose, Gimv will mandate an independent broker to execute the program through open market purchases on Euronext Brussels. The purchased shares will be held as treasury shares until they have been transferred to the personnel.

Gimv will inform the market on the progress of the program in line with the applicable regulations.

Read the full press release:

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

Categories: News

Quadrum Capital acquires a stake in EMM, an innovative supplier of high-performance and productivity-enhancing solutions to international paint-processing industries

Quadrum Capital

From 27 January 2021. Quadrum Capital is a joint shareholder in EMM, an innovative supplier of high-performance and productivity-enhancing solutions to international paint-processing industries – including automotive, aviation, marine and industrial.Peter Oostenenk, Managing Partner at Quadrum Capital: ‘EMM is a fantastic company and a market leader in the international automotive repair business. Boasting growing sales worldwide, the company is known as a quality player. Together, we will raise EMM’s global profile in the coming years.”

https://www.emm.com/en_gb/news/emm-attracts-quadrum-capital-to-accelerate-growth-strategy./

image

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CapMan to publish its 2020 Financial Statements Bulletin on Thursday 4 February 2021

Capman

CapMan Plc press release
28 January 2021 at 8.30 a.m. EET

CapMan to publish its 2020 Financial Statements Bulletin on Thursday 4 February 2021

CapMan will publish its 2020 Financial Statements Bulletin on Thursday 4 February 2021 around 8.30 a.m. EET. The company will present the results for the review period over a webcast press conference starting at 9.00 a.m. EET accessible at https://capman.videosync.fi/2020-q4-results. The conference will be held in English. The report and presentation material will be available at CapMan’s website (https://www.capman.com/shareholders/financial-reports/).

Webcast participation does not require advance registration. Due to the Covid-19 pandemic, we will not arrange an in-person press conference at our office.

For further information, please contact:
Linda Tierala, Director, Communications and IR, tel. +358 40 571 7895, linda.tierala@capman.com

Webcast:
4 February 2021 at 9.00 a.m. EET
https://capman.videosync.fi/2020-q4-results
About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. With over €3.5 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, fundraising advisory, and analysis, reporting and wealth management services. Altogether, CapMan employs around 150 people in Helsinki, Stockholm, Copenhagen, London and Luxembourg. We are a public company listed on Nasdaq Helsinki since 2001 and a signatory of the UN Principles for Responsible Investment (PRI) since 2012. Read more at www.capman.com. 

Categories: News

Signavio to be Acquired By SAP

Apax

27 January 2021

The Apax Digital Fund (“ADF”), DTCP and Summit Partners, today announced they have agreed to sell portfolio company Signavio, a leader in the enterprise business process intelligence and process management space, to SAP. The transaction is expected to close by Q2 2021, subject to approvals by antitrust authorities. Financial terms of the transaction were not disclosed. Signavio to be Acquired By SAP

Founded in 2009, Signavio is a leading provider of SaaS-based business-process analysis and decision-management software that helps companies design, implement, analyse and manage complex processes, decisions and workflows. Signavio’s Business Process Intelligence Suite includes a centralised collaborative hub and three core product offerings : ‘Signavio Process Manager’, which allows customers to design and build process and decision models; ‘Signavio Workflow Accelerator’ which transforms business process models into standardised workflows; and ‘Signavio Process Intelligence’, which ingests transactional data from customers’ systems to analyse and optimise processes.

Following the 2019 investment round, led by ADF with participation from DTCP, Signavio has achieved high growth while continuing to deliver its innovative business transformation suite to over one million users worldwide.

Dan O’Keefe, Managing Partner of Apax Digital, said: “We are pleased to announce the sale of Signavio. When ADF invested, we backed an incredible management team, led by CEO and co-founder Gero Decker, in what we knew was a stand-out offering in an exciting space. The progress we’ve made together in partnership, against such a dynamic backdrop, is humbling to have witnessed.” Mark Beith, Partner of Apax Digital, added: “It has been a pleasure working with Gero and the whole Signavio family, we’re thrilled by the rapid progress we’ve made together, and wish them all the best for the future in partnership with SAP.”

Matthias Allgaier, Managing Director with Summit Partners, added: “Summit partnered with Signavio in 2015 as the company’s first institutional investor, and over the course of the last five years we have been fortunate to have a front row seat to this great growth story. The company has grown significantly in that time, expanding its geographic reach and impact to serve more than 1 million users across 2,000 organizations around the world. Today, we want to celebrate the vision and execution of Gero and the entire Signavio team – and to recognize the beginning of a new chapter on their growth journey.”

Thomas Preuss, Partner at DTCP, commented: “We knew Gero and his team long before we invested and always believed in their ability to deliver the strong growth and fast developments of recent years. This transaction is a testament to the great work of the team, and we are delighted that a German corporation like SAP is acquiring a German leader in Enterprise SaaS. We are happy that DTCP Growth could team up with Apax to become part of this tremendous success story.”

ENDS

About Signavio
Over 1 million users in more than 2,000 organizations worldwide rely on Signavio’s unique offering to make process part of their DNA. With its powerful mining, modelling and automation capabilities, Signavio’s Business Process Intelligence Suite is a cloud-based management platform that enables mid-size and large organizations to understand, improve and transform all of their business processes faster than ever and at scale, providing new levels of business process speed and real-time intelligence. Its intelligent decision-making tools address digital transformation, operational excellence and customer centricity, placing them at the heart of the world’s leading organizations. Headquartered in Berlin, with offices in the US, UK, France, Netherlands, Switzerland, Sweden, Canada, Singapore, Japan, India and Australia, Signavio has helped optimize over 2 million processes across the globe. The company is backed by Apax Digital, DTCP and Summit Partners. For more information, visit www.signavio.com.

About the Apax Digital Fund
The Apax Digital Fund specializes in growth equity and buyout investments in high-growth enterprise software, consumer internet, and technology-enabled services companies worldwide. The Apax Digital team 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 digital.apax.com.

Over its more than 40-year history, Apax Partners has raised and advised funds with aggregate commitments of c.$50 billion. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see: www.apax.com.

About DTCP
DTCP is an investment management firm focused on growth equity and digital infrastructure. Founded in 2015, the firm has raised more than $1 billion in funds from corporate and institutional investors and invested in over 60 companies. DTCP Growth invests in leading enterprise application and infrastructure software companies. To learn more about DTCP, please visit dtcp.capital.

About Summit Partners
Founded in 1984, Summit Partners is a global alternative investment firm that is currently managing more than $23 billion in capital dedicated to growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the economy and has invested in more than 500 companies in technology, healthcare and other growth industries. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, please see www.summitpartners.com or follow on LinkedIn.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 11-12 Hanover Square, London, W1S 1JJ, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Media Contacts 

Apax Partners
Katarina Sallerfors / +44 20 7666 6526 / Katarina.Sallerfors@apax.com
Luke Charalambous / +44 20 7872 6494 / Luke.Charalambous@apax.com
Matthew Goodman / James Madsen, Greenbrook | +44 20 7952 2000 | apax@greenbrookpr.com

DTCP
John Klein
john.klein@dtcp.capital
+49 160 680 9906

Summit Partners
Meg Devine
mdevine@summitpartners.com
+1 617 824 1047

 

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Signavio Acquired By SAP

DTCP

The Apax Digital Fund (“ADF”), DTCP and Summit Partners, today announced they have agreed to sell portfolio company Signavio, a leader in the enterprise business process intelligence and process management space, to SAP

The transaction is expected to close by Q2 2021, subject to approvals by antitrust authorities. Financial terms of the transaction were not disclosed.

Founded in 2009, Signavio is a leading provider of SaaS-based business-process analysis and decision-management software that helps companies design, implement, analyse and manage complex processes, decisions and workflows. Signavio’s Business Transformation Suite includes a centralised collaborative hub and three core product offerings : ‘Signavio Process Manager’, which allows customers to design and build process and decision models; ‘Signavio Workflow Accelerator’ which transforms business process models into standardised workflows; and ‘Signavio Process Intelligence’, which ingests transactional data from customers’ systems to analyse and optimise processes.

Following the 2019 investment round, led by ADF with participation from DTCP, Signavio has achieved high growth while continuing to deliver its innovative business transformation suite to over one million users worldwide.

Dan O’Keefe, Managing Partner of Apax Digital, said: “We are pleased to announce the sale of Signavio. When ADF invested, we backed an incredible management team, led by CEO and co-founder Gero Decker, in what we knew was a stand-out offering in an exciting space. The progress we’ve made together in partnership, against such a dynamic backdrop, is humbling to have witnessed.” Mark Beith, Partner of Apax Digital, added: “It has been a pleasure working with Gero and the whole Signavio family, we’re thrilled by the rapid progress we’ve made together, and wish them all the best for the future in partnership with SAP.”

Matthias Allgaier, Managing Director with Summit Partners, added: “Summit partnered with Signavio in 2015 as the company’s first institutional investor, and over the course of the last five years we have been fortunate to have a front row seat to this great growth story. The company has grown significantly in that time, expanding its geographic reach and impact to serve more than 1 million users across 2,000 organizations around the world. Today, we want to celebrate the vision and execution of Gero and the entire Signavio team – and to recognize the beginning of a new chapter on their growth journey.”

Thomas Preuss, Partner at DTCP, commented: “We knew Gero and his team long before we invested and always believed in their ability to deliver the strong growth and fast developments of recent years. This transaction is a testament to the great work of the team, and we are delighted that a German corporation like SAP is acquiring a German leader in Enterprise SaaS. We are happy that DTCP Growth could team up with Apax to become part of this tremendous success story.”

 

ENDS

 

About Signavio
Over 1 million users in more than 2,000 organizations worldwide rely on Signavio’s unique offering to make process part of their DNA. With its powerful mining, modelling and automation capabilities, Signavio’s Business Transformation Suite is a cloud-based management platform that enables mid-size and large organizations to understand, improve and transform all of their business processes faster than ever and at scale, providing new levels of business process speed and real-time intelligence. Its intelligent decision-making tools address digital transformation, operational excellence and customer centricity, placing them at the heart of the world’s leading organizations. Headquartered in Berlin, with offices in the US, UK, France, Netherlands, Switzerland, Sweden, Canada, Singapore, Japan, India and Australia, Signavio has helped optimize over 2 million processes across the globe. The company is backed by Apax Digital, DTCP and Summit Partners. For more information, visit www.signavio.com.

 

About the Apax Digital Fund
The Apax Digital Fund specializes in growth equity and buyout investments in high-growth enterprise software, consumer internet, and technology-enabled services companies worldwide. The Apax Digital team 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 digital.apax.com.

Over its more than 40-year history, Apax Partners has raised and advised funds with aggregate commitments of c.$50 billion. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see: www.apax.com.

 

About DTCP

DTCP is an investment management firm focused on growth equity and digital infrastructure. Founded in 2015, the firm has raised more than $1 billion in funds from corporate and institutional investors and invested in over 60 companies. DTCP Growth invests in leading enterprise application and infrastructure software companies. To learn more about DTCP, please visit dtcp.capital.

 

About Summit Partners
Founded in 1984, Summit Partners is a global alternative investment firm that is currently managing more than $23 billion in capital dedicated to growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the economy and has invested in more than 500 companies in technology, healthcare and other growth industries. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, please see www.summitpartners.com or follow on LinkedIn.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 11-12 Hanover Square, London, W1S 1JJ, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

 

Media Contacts

 

Apax Partners

Katarina Sallerfors / +44 20 7666 6526 / Katarina.Sallerfors@apax.com

Luke Charalambous / +44 20 7872 6494 / Luke.Charalambous@apax.com

Matthew Goodman / James Madsen, Greenbrook | +44 20 7952 2000 | apax@greenbrookpr.com

 

DTCP

John Klein

john.klein@dtcp.capital

+49 160 680 9906

 

Summit Partners

Meg Devine

mdevine@summitpartners.com

+1 617 824 1047

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