Category Archives: News

Bure has acquired shares in Mentice AB

Bure

2019-06-18 13:00

Bure Equity AB (publ) (“Bure”) has, in connection with the IPO of Mentice AB (“Ovzon”), acquired 2,448,000 shares corresponding to 10.1 percent of the total number of shares and votes in the company for SEK 120 million. Mentice was listed today, 18 June 2019, on Nasdaq First North Premier Stockholm.

Bure Equity AB (publ)


For more information contact:

Henrik Blomquist, CEO
Tel. +46 (0)8-614 00 20

The information was submitted for publication at 13:00 CET on 18 June 2019.

 

 

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EVRY and Tieto joining forces to create a leading Nordic digital services company

Apax

18 June 2019

Fornebu/ Espoo, 18 June 2019: EVRY and Tieto have today announced a merger agreement to create the most competitive digital services and software company in the Nordics.

With combined revenue of close to EUR 3 billion and 24 000 professionals, the combined company will be well-positioned to create digital advantage for Nordic enterprises and society. The transaction will be highly complementary from a geographical, offering and customer perspective. The combined company will be named TietoEVRY and it will serve thousands of enterprise and public sector customers in more than 90 countries.

Tieto and EVRY have rich and complementary capabilities in areas of digital consulting, industry software, advanced cloud and infrastructure services.  The combination brings especially strong value proposition with advanced Fintech solutions for the global Financial Services industry. Furthermore, the combined company will have comprehensive solutions for healthcare and welfare as well as the public sector in the Nordics, well positioned for the extensive national reforms ahead.

With more than 5 000 digital consultants with deep customer knowledge in the Nordics and around 10 000 globally, the new company is set to accelerate its customers digital transformation. The new company will be a leading employer in digital services and software in the Nordics.

A strong presence in Norway, Sweden and Finland together with global delivery centers, provide a good foundation for future growth; Fintech solutions, industry specific software and product development services form the spearheads for further international expansion. With the combined capacity to invest in new services and capabilities, the combination is well positioned to drive innovation.

“This combination announced today will create a company well positioned to be a leading provider of digital transformation across the Nordics for the benefit of our customers, employees, shareholders and the society. With continued investments in our people, latest technologies such as robotics, cloud and artificial intelligence, the combination will be a truly competitive digital partner for our customers. We have a strong foundation based on Nordic values with utmost respect for every individual and focus on life-long learning. I believe we will create exciting opportunities for professional and personal growth for employees in both companies – and a strong value proposition for our customers. I foresee a very exciting journey ahead,” says Kimmo Alkio, President and CEO of Tieto.

“EVRY has during the last years taken important steps and become a preferred partner for digital transformation to our customers. The two companies, EVRY and Tieto, share a strong Nordic values promoting openness, trust and diversity. I believe that the new company will attract the right competence, customers and partners,” says Per Hove, CEO of EVRY.

Thomas Franzén will be proposed to the shareholder meetings to be the Chairman of the Board of Directors and following the completion of the merger, Kimmo Alkio will be Chief Executive Officer of the combined company. Per Hove will continue in his role as CEO of EVRY until the closing of the transaction and work closely with Tieto CEO Kimmo Alkio in the integration of the companies.

The new company will have its headquarters in Espoo, Finland.  The corporate and management functions will be distributed across Oslo, Stockholm and Espoo.

Following completion of the merger the shares in the combined company will continue to be listed on the official list of Nasdaq Helsinki and Nasdaq Stockholm. In addition, an application for listing on Oslo Stock Exchange will be made.

The transaction is subject to approval by the shareholders. It is expected that the merger will be completed during the fourth quarter of 2019, or during the first quarter of 2020 at the latest.

Read also the Stock Exchange Release: https://www.tieto.com/globalassets/files/investor-relations/2019/tietoevry-stock-exchange-release.pdf

Further information

EVRY

Investors:
Henrik Schibler, CFO, tel +47 4001 0303, henrik.schibler (at) evry.com

Media:
Unni Strømstad, EVP Communications & Marketing, tel +47 9775 3453, unni.stromstad@evry.com,

Tieto

Investors:
Tomi Hyryläinen, CFO, tel. +358 50 555 0363, tomi.hyrylainen (at) tieto.com

Media:
Kia Haring, Head of Global Communications and Corporate Responsibility, +358 40 765 3700

About EVRY
EVRY is a leading Nordic tech and consulting company. Together with our customers and an ecosystem of the best global digital experts, we shape the future today by applying new technologies to improve end user experiences, and the performance of people, processes and systems.

We are close to our customers and represent a Nordic mindset on responsibility, quality and security.

We leverage our Nordicness to do business in more than 18 countries. EVRY is listed on Oslo Stock Exchange. Our 8 800 employees are passionate about creating digital advantage and shaping the future – today.

About Tieto
Tieto aims to capture the significant opportunities of the data-driven world and turn them into lifelong value for people, business and society. We aim to be customers’ first choice for business renewal by combining our software and services capabilities with a strong drive for co-innovation and ecosystems.

Headquartered in Finland, Tieto has around 15 000 experts in close to 20 countries. Tieto’s turnover is approximately EUR 1.6 billion and shares listed on NASDAQ in Helsinki and Stockholm. www.tieto.com

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InfraRed backed Statera Energy enters into strategic partnership with Statkraft to faciliate low carbon transition in the UK

InfraRed Capital Partners

InfraRed Capital Partners (“InfraRed”) is pleased to announce that Statera Energy (“Statera”), the UK’s leading developer, owner and operator of flexible infrastructure, has entered into a 15-year strategic partnership with Statkraft to realise a 1 GW portfolio of utility scale flexible generation and energy storage projects.

Statera Energy will provide one of the UK’s largest battery facilities to store renewable energy at times of excess production. Statera will also deliver high efficiency gas reciprocating engines to flexibly generate electricity at times of under-production or peak demand. The assets will complement Statkraft’s 3.8 GW UK renewable generation portfolio, contributing to a reduction in conventional, less flexible, fossil fuel generation and carbon emissions in the UK’s electricity system.

Statera, backed by global investment manager InfraRed Capital Partners, will continue to develop, build, own and operate its flexible gas generation and energy storage portfolio throughout the partnership. As new assets come online, they will be integrated into Statkraft’s virtual power plant and advanced trading platform.  Statkraft will provide market optimisation, trading and risk management services to the assets.

Statkraft, strives to be a leading route-market-services provider to ensure a secure, renewable and cost-efficient electricity system of the future. Flexible power generation will continue to form an essential part of enabling the viability of renewables in the coming decades, at the lowest cost to consumers.

Duncan Dale, head of Statkraft’s markets business in UK, said:

“Statkraft recognises the importance of flexible power generation for the provision of secure energy supply in the years to come until multi-day mass energy storage becomes economically viable. It is vital that any new generation capacity is highly efficient and ultra-flexible, like Statera’s.

We have partnered with Statera because of their project development approach and relentless optimisation of the project design and operations. Everything about these projects suggests that new efficiencies can be made, which means lower carbon emissions and lower costs to the consumer. The energy market and the UK’s transition to a low carbon future should benefit greatly from unlocking this potential.”

Tom Vernon, Managing Director of Statera Energy, said:

“Statera is excited to be able to continue to deliver best-in-class energy storage and highly flexible and efficient gas generation to the renewable energy market in the UK. We intend to do our part to support security of supply and facilitate the low carbon transition enabling a more renewable future.

We have partnered with Statkraft because of its industry-leading trading capabilities and innovative approach to the future energy market. The UK generation mix and electricity market design will continue to evolve rapidly in the coming years, becoming increasingly volatile and challenging to trade. Statkraft will optimise the increasing dependence that its renewable portfolio has on flexible generation and storage, to help balance the electricity system using Statera’s assets for the next 15 years.”

Enquiries

Tulchan Communications
+44 (0) 20 7353 4200
Sheebani Chothani

More Information

About InfraRed Capital Partners 

InfraRed Capital Partners is a global investment manager focused on infrastructure and real estate. It operates worldwide from offices in Sydney, London, Hong Kong, New York, Seoul and Mexico City. With around 150 professionals it manages US$12bn of equity capital in multiple private and listed funds, primarily for institutional investors across the globe. InfraRed Capital Partners is authorised and regulated in the UK by the Financial Conduct Authority.

InfraRed Capital Partners has been investing in the Infrastructure market for over 20 years and is an expert in the development, financing and management of infrastructure projects from their conception, design and construction into their operating phases.

InfraRed Capital Partners was the lead sponsor responsible for the development and execution of this complex and unique transaction for Curtin University.

InfraRed Capital Partners implements best-in-class practices to underpin asset management and investment decisions, promotes ethical behaviour and has established community engagement initiatives to support good causes in the wider community. InfraRed Capital Partners is a signatory of the Principles of Responsible Investment.

Further details can be found on InfraRed’s website, www.ircp.com.

 

About Statera Energy

Statera Energy is the UK’s leading developer, owner and operator of battery storage projects. It has been operating two of the UK’s largest batteries (c.100MW) from 2017, with a further 600MW of projects consented and ready for  construction. In addition, Statera Energy is pioneering highly flexible, highly efficient, gas reciprocating engines.  These fast-action power plants enable the UK to continue to grow its renewable energy portfolio, protecting the National Grid against the intermittent and unpredictable nature of weather dependent energy sources. In 2016 the company commissioned a 50MW flexible gas-fired power generation plant and has since secured consents for a further 200MW of projects which are ready for construction. Beyond this the company is actively developing a large pipeline of transmission and distribution connected projects at strategic locations in the UK. Statera Energy is majority owned by Infrared Capital Partners.

Further details can be found on Statera Energy’s website, www.stateraenergy.co.uk

 

About Statkraft

Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 3,600 employees in more than 16 countries.

In the UK Statkraft develops, owns and operates renewable production facilities and is also involved in the trading, origination and optimisation of energy from own projects and those of third parties using our sophisticated and in-house developed Virtual Power Plant technology.

As a leading provider of Power Purchase Agreements for renewable and flexible generators and energy storage facilities, Statkraft has facilitated over 6 GW of new-build assets for third parties

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Axcel invests in Phase One

Axcel

Axcel has agreed to acquire a majority stake in Phase One, a leading technology business specialising in high-end digital imaging software and equipment. The existing management team will reinvest alongside Axcel and continue to own a significant stake in the company.

In recent years, Phase One has been successfully transformed into a market-leading imaging technology company through its two divisions:

  • Software Imaging Systems (SIS), which provides market-leading raw image-processing software to photographers and enterprises under the Capture One brand; and
  • Image Capture Solutions (ICS), which supplies ultra-high-end, medium-format camera systems for industrial applications and specialty photography.

Today, the majority of growth and profitability comes from sales of software solutions, where the company has managed to grow by ~40% p.a. in revenue in the last four years and also expects significant growth in 2019. The company is headquartered in Copenhagen, Denmark, and has operations in Germany, Hong Kong, Israel, Japan and the US.

“We’re very happy that we’ve been able to find a new owner in Axcel, which has significant experience of developing technology businesses,” says CEO Henrik Håkonsson. “We see a significant opportunity to grow and further strengthen our position in the coming years. I’m convinced that, together with Axcel, we can take Phase One to the next level.”

Christian Bamberger Bro, who is responsible for the investment at Axcel, is pleased with the transaction:

“Phase One has built its position on deep technical expertise and an innovative product portfolio, and we’re impressed by what the management team has achieved over the last few years. We look forward to applying our experience of growing software businesses and to partnering with the management in their pursuit of further growth.”

Asbjørn Hyldgaard, a partner at Axcel, adds:

”Phase One is an exciting investment opportunity for Axcel where we can utilise our track record within a number of sectors, namely technology, industrial and consumer. There are many ways in which we can create value in Phase One in the years to come.”

Phase One is being acquired from Silverfleet Capital and its management. The parties have agreed not to disclose any financial terms. The transaction is subject to customary regulatory approvals.

Phase One is the eighth investment in Axcel V.

Axcel has been advised by Deloitte Corporate Finance, Deloitte Transaction Services, Bain & Company, Moalem Weitemeyer Bendtsen and Ropes & Gray.

 

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Nordic Capital builds on its existing Healthcare sector track record with further expansion into US market

Nordic Capital

and announces latest investment in US-based provider of life sciences software

The Advisor to the Nordic Capital Funds announces its further expansion into the US, building on Nordic Capital’s reputation as a leading investor in global healthcare and already established track record in the US market. After ten years of Nordic Capital successfully investing in the US healthcare space, the Advisor to the Nordic Capital Funds will open new offices in New York during the Autumn of 2019. The initiative is led by Dr Raj Shah M.D, Partner and Co-Head of Healthcare. Thomas Vetander, Partner and an experienced member of the Healthcare team will relocate from Stockholm to New York later this year.

Nordic Capital is one of the most active and experienced investors in healthcare globally and enjoys a long track-record of investing in US-based healthcare companies and building industry leaders. Since inception in 1989, Nordic Capital has invested over EUR 5.4 billion in healthcare companies, of which c. EUR 1.4 billion has been invested into US-based healthcare companies.

Dr Raj Shah M.D, Partner at the Advisor to the Nordic Capital Funds, said: “The US is a key global market for healthcare companies and offers opportunities that are consistent with Nordic Capital’s healthcare investment strategy for both new investments as well as existing portfolio companies. Nordic Capital has been investing in the US healthcare market for many years and establishing an advisory office in the US for healthcare is a natural evolution. We look forward to building on Nordic Capital’s thirty-year track record in global healthcare investment.”

Thomas Vetander, Partner at the Advisor to the Nordic Capital Funds, added: “Nordic Capital favours segments that are well placed to achieve long term growth driven by favourable sector trends such as changing population demographics, continued technological and scientific innovation, and public and private cost pressures. Nordic Capital looks to partner with businesses where it can bring a powerful combination of capital and strong operational skills to accelerate growth and support positive transformative change.”

Nordic Capital Fund IX’s latest investment is US-based ArisGlobal, a leading global provider of life sciences software that is transforming the way today’s most successful life sciences companies develop medical breakthroughs and bring new drugs to market. In January 2019 Nordic Capital Fund IX acquired Orchid Orthopedic Solutions, a world leader in design and manufacture of orthopaedic implants based in Holt, Michigan. Another US based portfolio company is ERT, a Nordic Capital Fund VIII investment, which is a Pennsylvania-based data and technology company offering solutions to minimise risk and uncertainty for its customers’ clinical trials.

To date, Nordic Capital has invested a total of EUR 14 billion, of which approx. 40% has been deployed in healthcare globally.

Footnote: “Nordic Capital” or the “Nordic Capital Funds” refers to any, or all, Nordic Capital branded or associated funds or investment vehicles and their respective management entities. Nordic Capital is advised by its exclusive advisors, the NC Advisory entities and the Nordic Capital Investment Advisory entities, any or all of which is referred to as the Advisor to the Nordic Capital Funds.

Media contacts:

Nordic Capital

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


About Nordic Capital

Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a proven track record. Core sectors are Healthcare, Technology & Payments, Financial Services and in addition, Industrial Goods & Services and Consumer. Key regions are the Nordics, Northern Europe and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 14 billion in over 100 investments. The most recent fund is Nordic Capital Fund IX with EUR 4.3 billion in committed capital, principally provided by international institutional investors such as pension funds. The Nordic Capital Funds and vehicles are based in Jersey. They are advised by several advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany, the UK and the US, any or all of which is referred to as the Advisor to the Nordic Capital Funds. For further information about Nordic Capital, please visit www.nordiccapital.com

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Nordic Capital acquires ArisGlobal, a leading global provider of life sciences software

Nordic Capital

  • As a leading healthcare and technology investor, Nordic Capital will further support and accelerate ArisGlobal’s growth

Nordic Capital Fund IX today announced an agreement to acquire US-headquartered ArisGlobal, a leading global provider of innovative SaaS software solutions, which are transforming the way the most successful life sciences companies handle drug safety, clinical development, regulatory compliance, and medical affairs. Drawing on its deep understanding of both the healthcare and technology sectors, Nordic Capital will support ArisGlobal’s continued development. The founders of ArisGlobal will remain as minority shareholders.   

ArisGlobal is a visionary technology company that has successfully developed a next-generation platform that uses advanced cognitive computing and machine learning to automate all core functions of drug safety, regulatory compliance and medical affairs. Currently, more than 200 life sciences companies such as AstraZeneca, NovoNordisk, Merck and Novartis, CROs and government health authorities, as well as 40 of the top 50 global biopharmaceutical companies, rely on ArisGlobal’s solutions. Benefiting from deep expertise, longstanding customer relationships and a 30-year track record, ArisGlobal assists clients in maintaining regulatory compliance, managing and mitigating risk, and improving operational efficiency.

ArisGlobal is headquartered in Miami, FL, USA, with regional offices in Europe, India, Japan and China. It has 1,200 employees globally and c. USD 100 million of annual revenues. In recent years, ArisGlobal has invested in transforming its traditional on-premise offering to a hosted solution sold through a SaaS model.

“This transaction is representative of our rapid growth in the global life sciences industry, which is further proven by the adoption of our LifeSphere platform by the U.S. FDA. We look forward to partnering with Nordic Capital to leverage our common vision, values and combined talents to offer the most innovative technology platform to the life science industry. Nordic Capital has extensive experience in the pharma IT market from previous investments, and a proven track-record building strong teams which can further accelerate ArisGlobal’s growth. Nordic Capital also has a long track-record of partnerships with founding families and is well positioned to support our continued growth over the years to come,” says Deepak Abbhi, Founder and Chairman of the Board of ArisGlobal.

“We are now embarking on a new chapter that will accelerate our ability to achieve our mission. Our unwavering focus on our customers’ needs will continue to be the core of who we are as a company. It drives the development of our LifeSphere platform. It fuels our passion for becoming the premier innovative technology company in the world. We share a closely aligned vision with Nordic Capital for the future of the industry and this partnership gives us immediate access to deep resources and expert guidance that will help us in our journey. I am more excited than ever about the future,” says Sankesh Abbhi, President and CEO of ArisGlobal.

“This investment lies at the heart of Nordic Capital’s investment strategy as a leading healthcare and technology investor. We have followed the pharmacovigilance market closely for several years and know the industry well. ArisGlobal has a top-quality management team and its success is based on its commitment to develop leading and innovative cloud-based software that help organisations maintain regulatory compliance, manage and mitigate risk, and improve operational efficiency. ArisGlobal’s SaaS native software is becoming the preferred choice for life sciences companies because it enables them to quickly implement cost-effective solutions for drug safety reporting, regulatory compliance, and medical affairs,” says Daniel Berglund, Principal at the Advisor to the Nordic Capital Funds.

“The US is a key global market for healthcare companies and offers opportunities that are consistent with Nordic Capital’s investment strategy. ArisGlobal is a company that fits well within the portfolio and is well placed to achieve long term growth driven by favourable sector trends such as continued technological and scientific innovation, serving an attractive innovation driven customer base. We look forward to partnering with ArisGlobal where Nordic Capital can deploy its unique combination of capital and strong operational skills to accelerate growth and support positive transformative change.” says Dr Raj Shah, Partner, Co-Head of Healthcare at the Advisor to the Nordic Capital Funds.

The parties have agreed to not disclose any financial details. The transaction is subject to customary regulatory approvals.

Since inception in 1989, Nordic Capital has made 28 healthcare platform investments across Europe and North America and an additional 14 investments in the Technology & Payments sector, supporting active value creation agendas to build industry winners. Previous investments in the US include ERT, a leading provider of high-quality patient safety and efficacy endpoint data collection solutions for use in clinical drug development, and Orchid Orthopedics Solutions, a leader in the design and manufacture of implants to the global orthopaedic market.

The investment in ArisGlobal coincides with the Advisor to the Nordic Capital Funds expanding into the US, where it will open a permanent office in New York during the Autumnof 2019, building on Nordic Capital’s reputation as a leading investor in global healthcare and already established track record in the US market.

Footnote: “Nordic Capital” or “Nordic Capital Funds” refers to any, or all, Nordic Capital branded or associated funds or investments vehicles and their associated management entities. Nordic Capital is advised by its exclusive advisors, the NC Advisory entities and the Nordic Capital Investment Advisory entities, any or all of which is referred to as the Advisor to the Nordic Capital Funds.

 

Press contacts:

Nordic Capital
Katarina Janerud, Communications Manager,
The Advisor to the Nordic Capital Funds
Tel: +46 8 440 50 50
e-mail: katarina.janerud@nordiccapital.com

 

ArisGlobal

Sam Stein, VP, Marketing & Commercial Strategy
Tel: +1-786-814-0365
e-mail: sstein@arisglobal.com


About ArisGlobal

ArisGlobal is a visionary technology company that’s transforming the way today’s most successful life sciences companies develop breakthroughs and bring new products to market. ArisGlobal’s LifeSphere® drug development platform integrates cognitive computing technologies to automate the core functions of the product lifecycle. Designed with deep expertise and a long-term perspective that spans more than 30 years, the LifeSphere platform delivers actionable insights, boosts efficiency, ensures compliance, and lowers total cost of ownership through a multi-tenant SaaS model. ArisGlobal is headquartered in Miami, Florida, USA, with regional offices in Europe, India, Japan and China.  For more information about ArisGlobal, please visit www.arisglobal.com

 

About Nordic Capital

Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a proven track record. Core sectors are Healthcare, Technology & Payments, Financial Services and in addition, Industrial Goods & Services and Consumer. Key regions are the Nordics, Northern Europe and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 14 billion in over 100 investments. The most recent fund is Nordic Capital Fund IX with EUR 4.3 billion in committed capital, principally provided by international institutional investors such as pension funds. The Nordic Capital Funds and vehicles are based in Jersey. They are advised by several advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany, the UK and the US, any or all of which are referred to as the Advisor to the Nordic Capital Funds. For further information about Nordic Capital, please visit www.nordiccapital.com

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H.I.G. Europe to Acquire Polyurethane Systems Business from Covestro

H.I.G. Europe

HAMBURG – June 17, 2019 – H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm with over €26 billion of equity capital under management, is pleased to announce that an affiliate has signed a definitive agreement to acquire the European Polyurethane Systems Business (the “Company”) in a carve-out transaction from Covestro AG. The transaction is subject to clearing by the relevant antitrust authorities with closing anticipated for the second half of 2019.

The European Polyurethane Systems Business operates four systems houses in Germany, Denmark, the Netherlands and Spain. It employs approximately 250 full-time employees and generates annual sales of approximately €230 million. Systems houses develop and formulate tailor-made ready-to-use chemical blends for the production of a wide range of polyurethane products such as insulation materials, foams, shoe soles, and building materials. The Company serves a wide range of small- and mid-sized customers across Europe and will be led by Dr. Jörg Schottek, an experienced executive in the chemical industry.

“Tailor-made polyurethane solutions are used in a wide range of applications across a large number of industries. Systems houses offer vital value-add to customers by providing product development, technical support and supply chain services. Polyurethanes are highly versatile materials and new applications are constantly being developed, which provides further demand for the services the Company offers,” said Dr. Johannes Natterer, Managing Director at H.I.G.

“Following the carve-out from Covestro, the Company will be a leading independent polyurethane systems business in Europe and we aim to further expand its pan-European footprint organically and through add-on acquisitions,” Dr. Holger Kleingarn, Managing Director at H.I.G., commented. “The business will continue to have strong ties with Covestro as a key supplier of raw materials. We are pleased that with Dr. Jörg Schottek, we have attracted a highly experienced CEO in the chemical industry to run the business.”

Dr. Jörg Schottek added: “The polyurethane systems business of Covestro is known for providing innovative solutions and market-leading services to clients across Europe. As an independent company, we will build on this position and will continue to strive for product excellence, flexibility and impeccable customer service. I look forward to working together with the Company’s experienced and successful management team.”

About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with over €26 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused / value-added approach:

  1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
  3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of €28 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.

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Auctus Capital Partners, H2 Equity Partners and Sherpa Capital create Optimum Alliance

Auctus

Optimum Alliance is a new network of high performing mid-market investors in Europe. The Alliance covers key European private equity markets and consists of partners with a proven track-record of value creation and facilitates accelerating European rollouts and privileged access to scarce resources in deal origination and transactions.

The objective of the Optimum Alliance is to create a platform of independent – high performing – firms that can share best-practises, investment experiences, cooperate on deal situations as and when appropriate and allow co-investment.

Portfolio companies of Optimum Alliance members benefit from “local access” to the extensive networks of the Alliance’ members. Many of our portfolio companies have extensive export operations or are looking to expand cross-border. Facilitating this and supporting our management teams has been one of the key drivers for the establishment of the Optimum Alliance.

As we strengthen our cooperation, we will look to gradually expand the Optimum Alliance with relevant new members – that do not compete with any of the existing members – and share our focus on our market segment and proven out-performance.

The founding partners of Optimum Alliance are:

  • Auctus Capital Partners – a German mid-market private equity firm focusing on buy & build investments in the DACH area
  • Sherpa Capital – a Madrid based mid-market private equity firm focusing on distressed and underperforming companies in Spain and Portugal
  • and H2 Equity Partners – a leading hands-on mid-market private equity firm focused on the UK, Ireland and the Benelux

The founding partners believe that there is a significant value add in creating the Optimum Alliance and are excited to build the alliance and remain at the forefront of high-return private equity investing.

For more information about the Optimum Alliance and its founding partners please refer to:
www.optimum-alliance.com
www.h2ep.co.uk
www.sherpacapital.es
www.auctus.com

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Wireless Logic Group acquires Netherlands-based SIMPoint

Montagu

Wireless Logic Group, Europe’s leading IoT connectivity platform provider today announced the acquisition of SIMPoint, one of the fastest growing IoT connectivity specialists in The Netherlands.

Founded in 2012 and located in Eindhoven, SIMPoint delivers customised M2M (Machine-to-Machine) connectivity solutions based on cellular (2G, 3G and 4G) and Low Power Wide Area Networks (LoRa) technologies and is a partner to KPN.

 

The business offers customised data plans, variable durations, extended security (VPN’s and customised APN’s) and control for customers via an industry leading customer portal. Highly customisable offers and excellent customer service have enabled SIMPoint to grow a base of over four thousand highly satisfied customers across a wide range of industry verticals including retail, security, healthcare, water management, automotive, utilities, smart cities and agriculture.

 

The acquisition by Wireless Logic Group for an undisclosed sum is the group’s sixth in just four years. It is the second since Montagu Private Equity invested into the organisation earlier in June 2018.

Commenting on the SIMPoint acquisition, Oliver Tucker, Group CEO for Wireless Logic Group said: “I’m delighted to welcome SIMPoint into the Wireless Logic family. This acquisition significantly strengthens our connectivity solutions offering and adds scale and reach to our European operations. The growth that Rob Lammers and his team have delivered over the last six years is hugely impressive and we are excited to welcome their expertise, energy and drive into the group.”

For SIMPoint, Rob Lammers, CEO and founder said: “Since SIMPoint was founded in 2012, we have delivered rapid growth by delivering industry leading IoT connectivity services across a range of applications and verticals. The incredible team at SIMPoint has achieved this success through their expertise and absolute determination to deliver for our customers.

 

“We are now very much looking forward to becoming part of a global player in the world of IoT connectivity. The synergies between the businesses will significantly strengthen the customer offer and deliver a strong and sustainable European footprint for Wireless Logic Group.”

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Wireless Logic Group acquires Netherlands-based SIMPoint

Montagu

Wireless Logic Group, Europe’s leading IoT connectivity platform provider today announced the acquisition of Matooma, the Montpellier, France-based IoT connectivity specialist which has grown rapidly since its inception in 2012. Today, Matooma is recognised for its expertise and innovation within the cellular IOT (Internet of Things) connectivity space, with a broad base of customers using their secure network solutions across multiple applications.

The Matooma acquisition, for an undisclosed sum, is Wireless Logic’s third major purchase in 2019 having already welcomed Dutch-based M2MBlue and SIMPoint in February and June respectively. The three new organisations join the UK-headquartered IoT connectivity platform provider as it continues to deliver rapid expansion throughout its European network. With Matooma on board, the group has an increased presence in France working alongside Wireless Logic’s existing Aix-en-Provence team, and will enhance its European reach which includes offices in Denmark, France, Germany, Netherlands and Spain. The group’s European focus with global reach is backed by Montagu Private Equity who came on board in June 2018.

Commenting on the most recent acquisition, Oliver Tucker, Group CEO of Wireless Logic Group said: “We are delighted to be welcoming the Matooma team into the group. In just seven years, they have built an enviable reputation in France by delivering highly responsive and tailored IoT connectivity services, supported by exceptionally strong leadership. Over the coming months our integration programme will enable the group to enhance our best-in-class connectivity platform solutions to which Matooma will play a significant role, particularly within their core markets.”

On behalf of Matooma, founder and CEO Frédéric Salles said: “The success of Matooma has been based around the innovative use of secure mobile technology, a winning approach to nurturing long-lasting mobile network partnerships and in the strength and character of the Matooma team – our people have been so fundamental to where we are now today. Our journey so far has been short, fast-moving and with every opportunity seized. We are looking forward to combining our strengths with Wireless Logic and together building an even more exciting future as we develop and evolve the IoT connectivity market across France and further afield.”

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