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DIF Capital Partners to acquire stakes in two Portuguese availability PPP roads

DIF

DIF Capital Partners, through DIF Infrastructure VI, is pleased to announce it has reached an agreement to acquire a 49% stake in the Norte Litoral and a 48% stake in the Via do Infante availability PPP roads from Cintra, a subsidiary of Ferrovial. Closing of the transaction is subject to customary approvals from Portuguese authorities and lenders.

Through other funds under its management DIF Capital Partners controls the remaining 51% stake in Norte Litoral as well as a 49% stake in Via do Infante, stakes it acquired from Cintra in 2016.

Via do Infante (A22) is a 133 kilometer motorway concession between Lagos and Castro Marim in the South of Portugal. This concession was awarded in 2000, with the contract running until 2030. Norte Litoral (A28 and A27) is a 113 kilometer motorway concession between Porto and Caminha, and from Viana do Castelo to Ponte de Lima, in Northern Portugal. This concession was awarded in 2001, with the contract running until 2031. Both concessions benefit from availability payments which represent ca. 95% of revenue. Cintra will continue to provide the management services for both roads.

Fernando Moreno, partner at DIF Capital Partners, said: “We are very pleased with the addition of these critical and robust road assets to the DIF VI portfolio. Given their structure, the projects have continued to demonstrate strong performance despite the Covid-19 crisis.”

About DIF Capital Partners

DIF Capital Partners is a leading global independent infrastructure fund manager, with €7.6 billion of assets under management across nine closed-end infrastructure funds and several co-investment vehicles. DIF Capital Partners invests in greenfield and operational infrastructure assets located primarily in Europe, the Americas and Australasia through two complementary strategies:

  • DIF Infrastructure funds target equity investments in projects with long-term contracted or regulated income streams including public-private partnerships (PPP/PFI/P3), concessions, utilities, and (renewable) energy projects.
  • DIF CIF funds target equity investments in small to mid-sized economic infrastructure assets in the telecom, energy and transportation sectors.

DIF Capital Partners has a team of over 145 professionals, based in nine offices located in Amsterdam (Schiphol), Frankfurt, London, Luxembourg, Madrid, Paris, Santiago, Sydney and Toronto. Please visit www.dif.eu for further information.

Contact: Allard Ruijs, Partner; a.ruijs@dif.eu.

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GI Partners Joins Charlesbank Capital Partners to Accelerate Growth at American Residential Services

Charlesbank

American Residential Services (ARS), the nation’s largest provider of residential heating, ventilation, air conditioning (HVAC) and plumbing services, announced today that GI Partners, a leading private investment firm, is making a majority investment in the company. Existing investor Charlesbank Capital Partners (Charlesbank) and management are also making significant new investments in the business.

Based in Memphis, Tennessee, ARS operates a network of more than 70 locally managed service centers in 23 states, with approximately 6,500 highly talented employees and the largest team of HVAC technicians and plumbers in the U.S. The company is dedicated to providing exceptional customer service, with an emphasis on highly skilled employees, state-of-the-art technologies including smart home and remote diagnostics, 24/7 service and a 100% money-back guarantee. It operates under the well-known national brand ARS, as well as through trusted local brands in select markets, while capitalizing on differentiated relationships with leading national retailers.

“We welcome GI Partners, our new majority partner, and are excited to work with them to build upon the considerable momentum in the business and execute on our growth opportunities,” said Dave Slott, CEO of ARS. “The GI Partners team brings deep services investment experience and operational and technological expertise that will provide significant opportunities for ARS’s employees while enhancing the customer experience. As we enter this next chapter of our evolution, we are also thrilled to continue our successful partnership with Charlesbank and are confident that these investments will accelerate our pace of both organic growth and M&A.”

Hoon Cho, Managing Director at GI Partners said, “We have great appreciation for the business that the team has built and have been impressed by the growth and resiliency evidenced by the Company to date. We are very excited to partner with management and Charlesbank to accelerate positive change and execute on the significant opportunities ahead.”

Jeff Sheu, Managing Director at GI Partners, added, “We look forward to collaborating with ARS and Charlesbank to aggressively expand ARS’s national footprint both organically and by acquiring best-in-class operators to strengthen ARS’s leading market position. We will remain committed to accelerating growth by deepening our strong relationships with customers, partners, and employees.”

Andrew Janower, Managing Director at Charlesbank, commented, “We appreciate the dedication of the senior leadership team since our initial investment in 2014, and we look forward to continuing to partner with them for the next phase of ARS’s growth as a national leader in the residential HVAC industry. We are especially grateful for the continued commitment of ARS’s front-line employees and technicians, who have worked tirelessly to provide outstanding uninterrupted service to consumers across the country through the COVID pandemic.”
The transaction is expected to close in the fourth quarter of 2020, subject to customary closing conditions and regulatory approvals.

About American Residential Services
As an Exceptional Service Provider, ARS serves both residential and light commercial customers by providing heating, cooling, indoor air quality, plumbing, drain cleaning, sewer line, radiant barrier, insulation, and ventilation services. The ARS Network features industry-leading brands including, A.J. Perri, Aksarben ARS, Allgood, Andy’s Statewide, ARS, Aspen Air Conditioning, Atlas Trillo, Beutler, Blue Dot, Brothers, Columbus Worthington Air, Comfort Heating & Air, Conway Services, Efficient Attic Systems (EAS), Florida Home Air Conditioning, Green Star Home Services, McCarthy Services, Proserv, Rescue Rooter, RighTime Home Services, RS Andrews, The Irish Plumber, Unique Services, “Will” Fix It, and Yes! Air Conditioning and Plumbing. For more information, please visit www.ars.com.

About GI Partners
Founded in 2001, GI Partners is a private investment firm based in San Francisco, California. The firm has raised over $23 billion in capital from leading institutional investors around the world to invest in private equity, real estate, and data infrastructure strategies. The private equity team invests primarily in companies in the Healthcare, IT Infrastructure, Services, and Software sectors. The real estate team invests across a broad range of platforms and strategies. The data infrastructure team invests primarily in hard asset infrastructure businesses underpinning the digital economy. For more information, please visit www.gipartners.com.

About Charlesbank Capital Partners
Based in Boston and New York, Charlesbank Capital Partners is a middle-market private investment firm managing more than $7 billion of capital. Charlesbank focuses on management-led buyouts and growth capital financings and also engages in opportunistic credit and technology investments. The firm seeks to build companies with sustainable competitive advantage and excellent prospects for growth. For more information, please visit www.charlesbank.com.

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BGF achieves three successful exits in six months

BGF

BGF’s North West Investment team is celebrating a strong run of investment activity over the last six months. Since March, it has completed two multi-million pound deals and three exits, returning £80 million from £40 million invested.

Last month, BGF successfully exited a subsidiary of Hobs Group when e-discovery business, Anexsys was acquired by US PE-backed Xact Data Discovery (XDD). BGF invested in Liverpool-headquartered Hobs Group back in 2014. Anexsys revenues grew by 250 per cent in this period, with EBITDA rising from zero to £2.5 million at the point of sale.   

This deal follows BGF’s exit from vehicle manufacturer Woodall Nicholson in April, which generated a 2.5x return. BGF backed the business in 2016 with funding supporting the business’ product development and acquisition strategy. Woodall Nicholson grew three-fold in four years and during this time the business made four acquisitions, which accelerated international expansion and broadened its market reach.  

BGF also exited web hosting company, Miss Group in February 2020. Revenues rose from £8 million to £25 million in the 18-month investment period with EBITDA of £11 million at the time of exit. The deal delivered an IRR of more than 100 per cent for BGF.  

Neil Inskip, head of BGF’s North West team, said: “This trio of exits demonstrates the strength and flexibility of BGF’s model. We backed three North West businesses at different stages of their evolution and from a range of sectors. We have facilitated several acquisitions, built out well-rounded management teams and expanded internationally. All three companies have proven to be fantastic investments, delivering excellent returns for all shareholders. 

“The average investment hold period was 3.5 years, and ranged from 18 months to nearly six years, facilitated by our investment model. Our flexibility has also allowed us to retain an investment in two of these businesses, providing future upside potential.” 

BGF has also announced two new investments in the region as it continues to support the economy in uncertain times. Lead generation technology company, ROI received £3 million to accelerate its UK and European expansion. Miss Group CEO, Mattias Kaneteg and Non-Executive Chair, Phil Male both join the ROI board. 

A Wilderness Way (AWW), a provider of specialist residential childcare and crisis intervention services, also secured backing from BGF. Fiona Lowry was appointed as Non-Executive Chair, having founded and sold several successful businesses in the healthcare sector, including The Good Care Group, a former BGF portfolio company. 

Neil Inskip added: “Our recent investments clearly show the long-term value creation and the strength of the network we’re building with the appointment of two non-executive chairs from businesses we’ve already had successful exits from. 

“The past six months have been a testing time for most entrepreneurs, but we have seen impressive resilience and reinvention from the businesses we work with. It has also been a time for entrepreneurs to take stock of their long-term goals. Our combination of flexible capital and access to experienced Non-Executive Directors through our Talent Network means we’re perfectly placed to support the ambitious business leaders driving the growth economy – even against the most challenging backdrop.” 

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Ansa Biotechnologies Raises $9.2 Million in Combined Seed and Pre-Seed Financing

Horizons Ventures

BERKELEY, Calif.–(BUSINESS WIRE)–Ansa Biotechnologies today announced that it has raised $7.9 million in an oversubscribed Seed round of funding led by Horizons Ventures, with participation from Mubadala Capital, Humboldt Fund, and additional investors. Combined with a Pre-Seed round raised in December 2018 led by Fifty Years, the company has raised $9.2 million to date.

The new investment will accelerate the development of Ansa’s next-generation DNA synthesis technology. Ansa will use the funds to recruit world-class talent, build out new, state-of-the-art R&D facilities, and establish strategic industrial partnerships. “Biology-based technology will continue to revolutionize multiple industries, and Ansa is poised to deliver the next generation of synthetic DNA to support this transformation. We believe that faster and more accurate DNA synthesis is foundational to fueling innovation in both biotechnology and basic biological research,” said Daniel Arlow, Ph.D., CEO of Ansa. “To achieve our goals, we will rapidly expand our team by hiring top talent from industry and academia over the next few months.”

“DNA read, write, and edit are the core pillars of synthetic biology,” said Seth Bannon, Founding Partner at Fifty Years. “Currently, the ability to write DNA is the main bottleneck in the synthetic biology industry. By enabling faster, longer, and higher quality DNA synthesis with their fully enzymatic process, Ansa will help accelerate the entire synthetic biology industry.”

“Ansa’s unique and versatile enzymatic approach promises to set the standard for DNA synthesis speed and accuracy,” said Patrick Zhang of Horizons Ventures. “We are excited to partner with Ansa to support the development of this critical technology that will streamline writing the DNA code that powers the synthetic biology industry.”

About Ansa Biotechnologies

Ansa Biotechnologies is building a faster and cheaper DNA synthesis service to accelerate synthetic biology research. Ansa’s core technology is a novel DNA synthesis method based on enzymes that will be faster, cleaner and more accurate than existing methods. The unique approach, developed by the founders at UC Berkeley, uses an engineered template-independent polymerase conjugated to a single nucleoside triphosphate molecule to rapidly build a DNA sequence one base at a time. For more information, visit ansabio.com or follow on Twitter and LinkedIn.

About Horizons Ventures

Horizons Ventures, the private investment arm of Mr. Li Ka-shing, is a leading investor in some of the world’s most innovative companies and disruptive technologies including Facebook, Spotify, Zoom, Impossible Foods, Perfect Day and Demetrix. For more information, visit horizonsventures.com.

About Fifty Years

Fifty Years is a San Francisco based seed fund that backs entrepreneurs solving the world’s biggest problems with technology. They’re a leading pre-seed and seed investor in synthetic biology. They’ve seeded many synthetic biology startups shaping the world for the better — companies like Memphis Meats, Solugen, Lygos, Geltor, and OpenTrons. For more information, visit www.fiftyyears.com.

Contacts

George McArthur (Head of Product, Ansa Biotechnologies)
(540) 440 1414, media@ansabio.com

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ImCheck Announces Investment by BB Pureos Bioventures to Close Series B Fundraising with Total of €54 million ($64 million)

GIMV

15/09/2020 – 11:19 | Portfolio

Marseille, France, September 15, 2020 – ImCheck Therapeutics today announced that it has secured an additional €6 million ($7.1 million) from BB Pureos Bioventures (“Pureos”) in an extension of its Series B bringing the total raised in this round to €54 million in capital (approximately $64 million).

The newly added capital underscores the broad potential of ImCheck’s butyrophilin superfamily-focused pipeline and the progress the company has achieved in the ongoing EVICTION (NCT04243499) Phase I/IIa clinical trial for the company’s first-in-class gamma9 delta2 (γ9δ2) T cell-activating monoclonal antibody ICT01 (anti-butyrophilin 3A). In addition to supporting EVICTION, the funding will also accelerate the development of the company’s pre-clinical portfolio of antibody candidates in immuno-oncology, auto-immune and infectious disease indications.

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Combination of Revint and Triage joins subject matter expertise with rapidly growing technology platform creating comprehensive Revenue Integrity and Underpayment Solution

New Mountain Capital

Revint’s merger with Triage Consulting Group extends a commitment to delivering deep industry knowledge with technology-enabled solutions 

 ATLANTA, GA – Revint Solutions, a leader in technology-enabled revenue integrity solutions for healthcare providers, announced the execution of a definitive agreement to merge with Triage Consulting Group, one of the nation’s premier healthcare revenue integrity companies. The combined organization will deliver the most comprehensive revenue integrity services and technology platform in the healthcare industry.

“Together, these two companies will deliver a revenue integrity solution unlike any other in the industry, combining advanced technology with deep subject matter expertise,” commented Lee Rivas, Chief Executive Officer of Revint. “With health systems losing billions of dollars annually in unrecovered reimbursement, it is our mission and purpose to work with our customers to identify and capture every dollar that they are entitled to. By combining our strengths into a single, powerful solution, healthcare providers will benefit from a more effective way to capture all revenue accurately, securely, and reliably.”

Since its inception in 1994, Triage has identified and recovered billions of dollars in lost revenue for more than 900 hospital clients. Triage delivers a comprehensive array of payment review, recovery, consulting, and legal support services to its clients. Their healthcare reimbursement expertise encompasses all payers including commercial health plans, government programs, and workers’ compensation. Triage is the 2020 Revenue Integrity and Underpayment Services KLAS® Category Leader, with major office locations in Atlanta and San Francisco.

“We look forward to joining forces with Revint and accelerating innovation in revenue recovery,” said Brian Neece, President of Triage. “Now, more than ever, it is critical to ensure healthcare providers remain financially strong. Together with Revint, we can leverage technology and domain expertise to recover all potential revenue and ensure providers receive accurate and timely reimbursement.”

Revint has achieved tremendous growth, enabled by the first-of-its-kind revenue integrity enterprise platform. This technology-driven safety net solution identifies and recovers revenue and is delivered through a guaranteed ROI model for health systems. The company’s rapid growth has been bolstered by investments in technology and product innovation, which has enabled a more integrated customer experience and improved recoveries.

The Revint and Triage merger is being facilitated by New Mountain Capital LLC (“New Mountain”), a growth-oriented investment firm that currently manages over $25 billion in assets.

“Bringing together these highly complementary revenue integrity companies will be a big step forward in evolving the category,” said Matt Holt, President of Private Equity, New Mountain Capital. “The combination of technology and domain expertise will set a new standard for providers.”

The transaction is expected to close later this year, subject to customary conditions and approvals.

 About Revint 

Revint is a leading provider of technology-enabled solutions for health systems, focused on offering revenue integrity and recovery services to ensure accurate and timely reimbursement for their services. Serving over 1,700 healthcare organizations in the U.S., Revint helps recover over $800 million of underpaid or unidentified revenue for its clients annually. The Company’s solution set includes suites centered around Revenue Assurance, Payer Accountability, and Medicare Reimbursement. Revint was recognized by Black Book among the highest-ranked Revenue Recovery vendors based on customer satisfaction and client experience. Revint’s Revenue Recovery solution suites have HFMA Peer Review status and are HITRUST certified. For more information, visit www.revintsolutions.com.

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Enel X and Ardian Infrastructure launch battery storage partnership in Canada

Ardian

  • 14 September 2020 Infrastructure Rome , Italy
  • The joint venture, which currently includes ten projects for around 30 MW of capacity, is dedicated to operating and developing battery storage projects in Ontario, Canada

    • Ardian Infrastructure holds 80% of the partnership, while Enel X holds the remaining 20% and will continue to manage the operations and maintenance of all projects as well as the development of future projects

Rome, September 14, 2020 – Enel X, the Enel Group’s advanced energy services business line, and Ardian, a world-leading private investment house, have entered into a joint venture to manage Enel X’s battery storage projects in Canada and support the acceleration of the development of similar projects in the country.

“Battery storage systems represent a key element in the transition towards a decarbonized energy system as they facilitate the flexibility and stability of grids, and we are committed to empowering customers to help drive the shift towards these technologies,” said Francesco Venturini, CEO of Enel X. “This partnership with Ardian Infrastructure represents an important step that will further support the expansion of innovative energy efficiency solutions in the North American market. In partnering with Ardian we are combining our financial strength and Enel X’s industry expertise to create even more value for our customers and further accelerate our growth in the region.”

“This investment bolsters Ardian’s position as a leading player in the sustainable energy sector across the Americas,” said Stefano Mion, Senior Managing Director and co-head of Ardian Infrastructure US. “This latest partnership, our first in Canada, marks an important step forward as we diversify our sustainable energy portfolio into the rapidly growing battery storage sector. Behind-the-meter battery storage is a compelling component of the sustainable energy ecosystem as it allows users to store electricity when it is least expensive and consume it when costs from the grid are most expensive. We are excited to partner with Enel X on the opportunity to accelerate the joint venture’s growth, initially in Canada but longer term across the Americas.”

Under the agreement, a dedicated vehicle company, 80% owned by Ardian Infrastructure and 20% by Enel X, has been constituted to manage the battery storage projects in Canada currently included in the joint venture for around 30 MW of capacity. The battery storage portfolio is composed of ten asset locations throughout Ontario and includes two separate 10 MW/20 MWh projects expected to reach commercial operations in 2021. Through the partnership, Enel X will continue to construct, operate, and maintain these projects and will be responsible for the development of future projects.

The partnership with Ardian is in line with Enel X’s commitment to foster the deployment of cutting-edge energy service solutions for commercial and industrial (C&I) clients, leveraging on the company’s offering of integrated services to end customers. All of Enel X’s storage projects utilize the company’s Distributed Energy Resources (DER) Optimization software that has the unique capability to maximize the earnings potential across multiple use cases, such as demand and energy management programs. Through the financial support of Ardian, the platform will enable C&I customers to deploy state-of-the-art energy storage equipment, aimed at making power consumption and infrastructure more efficient.

The deal is part of Ardian’s ongoing commitment to invest in new technology and clean energy assets with the aim to create a more sustainable energy market and address climate change, as outlined in its most recent Augmented Infrastructure report. With 50 employees across eight offices throughout the Americas and Europe, the Ardian Infrastructure team is a world leading Infrastructure Fund Manager focused on the energy and transportation sectors.

About Enel X

Enel X in North America manages over 10.5 billion US dollars in customers’ annual energy spend for approximately 4,500 business customers, spanning more than 35,000 sites. The company has approximately 4.7 GW of demand response capacity and over 70 behind-the-meter storage projects in operation or under contract. Enel X’s intelligent DER Optimization Software is designed to analyze real-time energy and utility bill data, improve performance, and manage distributed energy assets across a number of different value streams and applications.
Enel X is Enel’s global business line dedicated to the development of innovative products and digital solutions in sectors where energy is showing the greatest potential for transformation: cities, homes, industries and electric mobility. The company is a global leader in the advanced energy services field with a demand management capacity of more than 6 GW globally managed and assigned and 110 MW of storage capacity worldwide, as well as a leading operator in the electric mobility sector, with 80,000 public and private EV charging points around the globe.

Visit the website

About Ardian

Ardian is a world-leading private investment house with assets of 100 billion US dollars managed or advised in Europe, the Americas 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 690 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 1,000 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

PRESS CONTACT

Enel X – Media relations

ufficiostampa@enel.com

+39 06 8305 5699

Ardian – The Neibart Group

Emma Murphy

emurphy@neibartgroup.com

+1 347 968 6800

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The Efficy group acquires INES CRM to create a customer relationship front player in France and become the European Champion

Fortino Capital

Brussels, September 10, 2020 – INES CRM, one of the French cloud-based CRM pioneers, is joining the Efficy group. The stated ambition is to complete the consolidation of the French market in order to conquer Europe!

Obvious product complementarity

Founded in 2005 in Brussels, Efficy publishes a highly flexible CRM intended for medium and large accounts, and positions itself as a partner close to its customers. Already present in 7 European countries and leader in the Benelux, the Efficy group offers CRM solutions at the right price. Daily used by 170,000 users, the group’s solutions support more than 3,500 companies in their growth.

Founded in 1999 in Lyon, INES CRM publishes and integrates an open collaborative SaaS platform, serving business development and the entire customer journey. This solution is particularly suitable for companies with 10 to 50 employees, wishing to quickly set up a personalized CRM solution.

“INES CRM is an ingenious addition to the Efficy group’s range of CRM solutions. Our teams are now able to offer a solution adapted to all contexts. Whether it is a start-up buying a CRM license on the web, a company with 40 employees that wants a customizable solution, or even a group that has several thousand users, ” emphasizes Damien Duchateau, co- founder of INES CRM.

“Joining the Efficy group will allow the INES CRM solution to be enriched with new functionalities. Mobile application, artificial intelligence, gamification, document management and customer extranet functions will quickly complete the INES CRM solution,” adds Max Patissier, co-founder of INES CRM.

A desire to consolidate the European market

The Efficy group aims to represent 5% of the CRM market share on the European scene in four years. This operation is part of this ambition.

The acquisition of INES CRM by Efficy creates a group of 220 employees in Europe with cumulative annual turnover of € 26.5 million for 2019. The customer portfolio stands at 4,500 references.

“In recent years, we have organized and structured ourselves to accelerate the pace of our growth. INES CRM allows us to establish ourselves durably in France. We are planning such operations in other countries in the coming months. Our desire: to become a very serious alternative to the American mastodons on European soil,” concludes Cédric Pierrard, CEO of the Efficy group.

The Efficy CRM group at a glance

Key figures (2019)

  • € 26,5m turnover
  • 220 employees in 9 countries
  • 4 500 clients
  • 185 000 users in 33 countries
  • 46% average growth over the past 5 years

Latest highlights

  • 2017: Acquisition of DESICO, publisher of the Vente Partner solution, in France
  • 2018: Acquisition of E-Deal in France
  • 2019: Acquisition of SumaCRM in Spain
  • 2019: Arrival of Fortino Capital as shareholders

About EFFICY

Efficy is a software provider offering medium & large businesses a complete, flexible and extended CRM (Customer Relationship Management) solution which helps companies manage their Customer Relationship. Efficy has over 170,000 daily users in 33 countries. Founded in 2005, the Efficy Group, ISO 9001 certified, works with companies from a wide variety of sectors: Banking (Belfius, BNP Paribas, Fortuneo), Insurance & Mutual insurance (Amma, Thélem), Social housing, Industry (CEA, Gradus, Poujoulat), Services, Tourism & Transport (Kinepolis, Geneva Tourism), Retail (La Redoute, Groupe Gautier), Local authorities & Chambers of commerce. Headquartered in Brussels, Efficy has approximately 165 employees in its 7 local offices in Belgium, France, the Netherlands, Spain, Luxembourg, Switzerland and Germany.

About INES CRM

French publisher and integrator for 20 years, INES CRM offers a collaborative, open and mobile SaaS platform, serving business development and the entire customer journey.

INES CRM teams support BtoB companies and ensure the sustainability of their digital transition. The INES solution is a tool designed to respond to the problems of different departments (sales, marketing, customer service, etc.) by giving companies a 360 ° view of their customer relationship.
www.inescrm.fr

Contact

For more information, please visit www.efficy.com or contact:
Laëtitia Baret
lba@efficy.com
+33 6 13 03 63 67

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EQT acquires idealista – the leading online real estate classifieds platform in Southern Europe

eqt

  • EQT IX to acquire idealista, the leading online real estate classifieds platform in Southern Europe, present in Spain, Italy, and Portugal
  • idealista’s underlying market is supported by favorable secular megatrends, such as the increasing shift from offline to online marketing spend, as well as significant network effects driven by the platform’s strong brand recognition
  • EQT will, together with idealista’s founders and management team, support idealista’s continued growth momentum and further penetration of existing markets, by leveraging EQT’s strong digital and sector expertise, “local with locals” approach, and extensive advisory network

The EQT IX fund (“EQT IX”) has agreed to acquire idealista (“the Company”) at a transaction price of EUR 1.3 billion from funds advised by Apax Partners and management. Management will re-invest significantly into the Company while EQT IX will have majority ownership. idealista’s management team, including founder and CEO Jesús Encinar, will continue to lead the Company, building on its strong track record of growth and innovation.

Founded in 2000 and headquartered in Madrid, Spain, idealista supports approximately 40,000 real estate agents and 38 million unique monthly visitors across Southern Europe by providing an online real estate classifieds marketplace for home buyers and sellers. The Company’s online platform and diversified portfolio of digital services, such as CRM tools, data analytics, and online mortgage brokerage, help enable efficient real estate transactions, making it a key destination for prospective homeowners and sellers in Spain, Italy, and Portugal.

EQT IX will support idealista’s growth and continued pursuit of commercial excellence by investing in the Company’s online platform and further developing its portfolio of value-add services for real estate agents. Moreover, the Company is expected to leverage EQT’s inhouse digital and tech expertise, global presence, and network of advisors. Together with its founders and management, EQT will support idealista’s plans to further penetrate its core markets and strengthen its position as the market leading and go-to platform for online real estate classifieds in Southern Europe.

Bert Janssens, Partner and Global Co-Head TMT at EQT Partners and Investment Advisor to EQT IX, said: “idealista represents a truly thematic investment, within one of EQT’s core sub-sectors. This investment fits strongly with EQT’s focus of investing in high growth companies and partnering with world class management teams. We are impressed by the market leading position idealista has built over the past 20 years and EQT is excited to support idealista and its entrepreneurial management team in this next stage of growth.”

Carlos Santana, Managing Director and Head of EQT Private Equity in Spain at EQT Partners, and Investment Advisor to EQT IX, concluded: “EQT believes that idealista has the potential to grow at an accelerated pace. Together with Jesús and the management team, EQT will support further expansion within idealista’s core markets and consolidate its leadership position in Southern Europe. The investment in idealista further demonstrates EQT’s commitment to pursue investment opportunities in the region.”

Jesús Encinar, CEO at idealista, said: “We are very excited to partner with EQT and look forward to working together during the coming years. EQT’s online classifieds and real estate expertise, local presence in Spain and Italy, and extensive network of advisors will be of great value for us and key to our future success. idealista and EQT share a similar culture and passion for growth, a key decision factor for me and my team to partner with them.”

In line with the commitment to invest in sustainable businesses, EQT will accelerate idealista’s growth as it supports local and industry technological innovation by leveraging its role as a key intermediary in the real estate transactions value chain. By supporting real estate agents’ transition from offline to online and enabling efficient transaction between prospective homeowners and sellers, idealista contributes primarily to the Sustainable Development Goal 11.

The transaction is expected to close subject to customary approvals in December 2020. PwC, Allen & Overy, and Freshfields served as advisors to EQT, while Evercore served as advisor to Apax and idealista.

With this transaction, EQT IX is expected to be 10-15 percent invested, based on its target fund size.

Contact
Bert Janssens, Partner and Global Co-Head TMT at EQT Partners and Investment Advisor to EQT IX, +31 652 523 675
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About EQT

EQT is a differentiated global investment organization with more than EUR 62 billion in raised capital and around EUR 40 billion in assets under management across 19 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and North America with total sales of more than EUR 27 billion and approximately 159,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

About idealista
idealista supports approximately 40,000 real estate agents and 38 million unique monthly visitors across Southern Europe, by providing an online real estate classifieds marketplace for home buyers and sellers.

More info: www.idealista.com/en

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Bruker Announces Acquisition of Canopy Biosciences, LLC

Strengthens Bruker in Targeted Multi-Omics and High-Plex Biomarker Imaging Adds Innovative ChipCytometry Tools for Multi-Dimensional Immune Profiling

Bruker logo
BILLERICA, Massachusetts, September 11, 2020 — Bruker Corporation (Nasdaq: BRKR) today announced the acquisition of Canopy Biosciences, LLC, a leader in high multiplex biomarker imaging for immunology, immuno-oncology and cell therapy. This acquisition enhances Bruker’s offering in targeted multi-omics and fluorescence-based imaging techniques. Bruker’s global reach, complementary technologies and applications knowledge will help build on Canopy’s success to date. Financial details of the transaction were not disclosed.

“We are excited to add the multi-omics and high-content cytometry expertise of Canopy, and its novel ChipCytometry platform to Bruker,” said Dr. Mark R. Munch, the Bruker NANO Group President. “Canopy has a unique set of products that enable single cell, tissue and suspended cell-based discovery and validation in immunology and targeted proteomics, as well as a suite of complementary multi-omics services.”

“We are very pleased to join Bruker,” added Dr. Edward Weinstein, the CEO of Canopy Biosciences. “Joining forces with a leading life-science tools provider with broad geographic reach enables us to give many more researchers access to our powerful high-plex ChipCytometry platform, designed for accelerating basic immunology and clinical research, as well as biopharma drug development.”

“Canopy has built a powerful suite of multi-omics technologies,” explained Dr. Frank Witney, Operating Partner of Ampersand Capital Partners, the lead Canopy investor. “Joining Bruker will strengthen and deepen this platform, enabling researchers to better answer their scientific and translational questions with unprecedented power and precision.”

About Bruker Corporation (Nasdaq: BRKR)

Bruker is enabling scientists to make breakthrough discoveries and develop new applications that improve the quality of human life. Bruker’s high-performance scientific instruments and high-value analytical and diagnostic solutions enable scientists to explore life and materials at molecular, cellular and microscopic levels. In close cooperation with our customers, Bruker is enabling innovation, improved productivity and customer success in life science molecular research, in applied and pharma applications, in microscopy and nanoanalysis, and in industrial applications, as well as in cell biology, preclinical imaging, clinical phenomics and proteomics research and clinical microbiology. For more information, please visit: www.bruker.com.

About Canopy Biosciences, LLC

Canopy Biosciences was formed in 2016 and has rapidly built a comprehensive portfolio of products and services for gene editing, gene expression analysis and regulation, and bioprocessing. Canopy’s gene editing portfolio offers easy-to-use CRISPR kits and full-service custom cell line engineering. Canopy has also assembled an innovative multi-omic platform for immune profiling, including ultrasensitive DNA sequencing (RareSeq), RNAseq, gene expression analysis, and multiplexed protein detection in cells and tissue samples via ChipCytometry. Canopy Biosciences is headquartered in St. Louis, Missouri, and serves researchers at universities, research institutions and biotechnology and pharmaceutical companies worldwide. Additional information is available at www.canopybiosciences.com. Its subsidiary ZELLKRAFTWERK GmbH in Leipzig, Germany, designs and manufactures high-plex ChipCytometry platforms and complete workflows for high-content cytometry on cells and tissues (www.zellkraftwerk.com).

About Ampersand Capital Partners

Founded in 1988, Ampersand is a middle market private equity firm dedicated to growth-oriented investments in the healthcare sector.  With offices in Boston and Amsterdam, Ampersand leverages its unique blend of private equity and operating experience to build value and drive superior long-term performance alongside its portfolio company management teams. Ampersand has helped build numerous market-leading companies across each of our core healthcare sectors, including Brammer Bio, Confluent Medical, Genewiz, Genoptix, Talecris Biotherapeutics, and Viracor-IBT Laboratories.  Additional information about Ampersand is available at ampersandcapital.com.

Investor Contact:
Miroslava Minkova
Director, Investor Relations & Corporate Development
Bruker Corporation
T: +1 (978) 663-3660 x1479
E: Investor.Relations@bruker.com

Media Contact:
Stephen Hopkins
Content Marketing Manager
Bruker Nano Surfaces Division
T: +1 (520) 741-1044 x1022
E: steve.hopkins@bruker.com

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