With the support of Eurazeo PME, the Redspher group announces the acquisition of Speed Pack Europe and expands the scope of its activities in Spain

Eurazeo

The Redspher Group, European leader in on-demand transport logistics, announces the acquisition of
Speed Pack Europe, a Spanish company specializing in maximum emergency transport services.
The acquisition of Speed Pack is part of Redspher’s desire to cover all services related to on-demand
transport, from parcels to pallets, for individuals and multinationals in all sectors. It will enable Redspher
to strengthen its presence in Spain and pave the way for new opportunities in Europe for its logistics and
transport solutions.

Founded in 2005, Speed Pack Europe specializes in land transport services of the highest urgency. With
nearly 20 employees and a vast network of partner carriers, the company achieved turnover of around ten
million euros in 2018. The company is based in Barcelona, Catalonia and also has a division in Morocco
importing and exporting to and from all over Europe.

With the support of Eurazeo PME, Redspher continues its internationalization and the implementation of
its digital strategy. Since 2015, the Group has doubled its turnover to nearly €300 million in 2018. Today,
Redspher conducts more than 60% of its business outside France in Europe and the United States.
Philippe Higelin, President of Redspher: “The Redspher Group is particularly proud of this combination
with Speed Pack Europe with which we have been collaborating for some years now. Logistics and transport
are business sectors with very high growth potential in which it is important to invest for the future. We
see this acquisition as an opportunity to strengthen our leadership position. We are establishing standards
of quality and efficiency in accordance with the future expectations of the market. ”
Mario García Cánovas, founder of Speed Pack “Integrating Redspher is the best solution for Speed Pack.
We will share our know-how on very specific transport while benefiting from the group’s technology and
its leading position in Europe. ”

Erwann Le Ligné, Managing Director – Member of the Eurazeo PME Executive Board: “We are very
pleased to be supporting Redspher in this new phase of the company’s development in Spain, a country in
which Eurazeo PME recently committed itself with the acquisition of MCH Private Equity. We are delighted
with the progress made with Redspher and its teams since our arrival in 2015 and the prospects for the
coming years thanks to its international and digital positioning, which makes it a unique player in its
market. ”

About Eurazeo PME
A Subsidiary of Eurazeo, Eurazeo PME is an investment company dedicated to majority investments in French SMEs
with a value of under €250 million. As a long-term professional shareholder, it provides its investments with all the
financial, human and organizational resources necessary for long-term change, and supports those companies in its
portfolio in implementing sustainable and therefore responsible growth. This commitment is formalized and
deployed through a CSR (Corporate Social Responsibility) policy.
Eurazeo PME achieved a consolidated turnover of €1.3 billion in 2018 and supportsthe development ofthe following
companies: 2Ride Holding, Dessange International, Léon de Bruxelles, Péters Surgical, Redspher, the MK Direct
Group, Orolia, Smile, In’Tech Medical, Vitaprotech and EFESO Consulting. These companies are solidly established
within their market and driven by experienced management teams.

About Redspher
Redspher is a transport and logistic european group that gathers all its companies within one digital open platform
that simplifies and facilitates on demand delivery. Redspher incorporates Flash Europe International,
Schwerdtfeger, Easy4Pro, Easy2Go, Upela, Roberts.eu, Genius Academy, Easy2Trace and Yoctu. Redspher’s
ambition is to disrupt and shape the on-demand delivery market by integrating its physical and digital dimensions.
Today, Redspher employs more than 700 people in Europe and keeps recruiting to support its growth. Redspher is
a group owned by its employees and supported by the Eurazeo PME investment Fund.
***

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Nordic Capital acquires digital identity pioneer Signicat

Nordic Capital

APRIL 11 2019
Nordic Capital acquires digital identity pioneer Signicat Image

  • Signicat takes aim at the fast-growing global digital identity market
  • Nordic Capital will accelerate Signicat’s international expansion and strengthen its position as the leading digital identity hub
  • The acquisition reinforces Nordic Capital’s leading position in the Northern European Technology & Payments sectorNordic Capital Fund IX (“Nordic Capital”) today announced the acquisition of Signicat, a high-growth provider of digital identity and signature solutions that operates the leading digital identity hub in the market. Nordic Capital will, in close partnership with the company’s management and existing shareholder Viking Venture, accelerate Signicat’s international expansion and strengthen the company’s market leading position and unique product offering.

    Founded in Trondheim, Norway in 2007, Signicat leads innovation in verified digital identity solutions, reducing risk while providing a smart and intuitive user experience. Its solutions enable companies and institutions, both in regulated and non-regulated industries, to offer efficient and user-friendly advanced online authentication, identification verification and electronic signature solutions.

    Signicat has more than 500 clients, with a stronghold in the financial services sector where the company works with providers such as DNB, Klarna, Rabobank, Santander, Société Générale and Western Union. The company’s solutions are also increasingly adopted across new verticals, being used for instance by blue-chip companies such as BMW, Konica Minolta and Schibsted Media Group. Among Signicat’s largest customers are also several of Nordic Capital’s current and former portfolio companies including Nordax, Nordnet, Intrum and Resurs Bank. In 2018, Signicat generated revenues of approximately NOK 180 million (EUR 19 million), primarily consisting of recurring subscription or transaction based revenues. The company has circa 115 employees across offices in Norway, Sweden, Finland, Denmark, UK, Germany, the Netherlands and Portugal.

    Signicat was acquired from Secure Identity Holding AS and other shareholders. Viking Venture III AS, Signicat’s other major shareholder, will re-invest all proceeds and continue as a minority owner, together with employee shareholders and with Nordic Capital as the majority owner.

    “As one of the most prominent and experienced investors in the FinTech sector with a long and proven track record of growing businesses, Nordic Capital is the perfect partner to support Signicat’s accelerated international expansion strategy,” said Gunnar Nordseth, CEO and Co-Founder of Signicat. “We live in a digital society where interactions between consumers and institutions are predominantly online and mobile-first. Trust is at a premium, and digital identity is the solution. Over the last 12 years Signicat has built a digital identity platform with all the tools any institution requires to establish mutual trust with its customers. With the ongoing global digital transformation, we are ideally placed to address this burgeoning market opportunity.”

    “Born from the most advanced digital identity market in the world, Signicat is a recognised leader in one of the most exciting and fast-growing technology areas globally acting as a key enabler for the digital economy,” said Fredrik Näslund, Partner at the Advisor to the Nordic Capital Funds. “The company has shown consistent high growth since inception, driven both by a rapidly increasing number of customers and strong volume growth among existing customers. Signicat’s highly experienced management team is well positioned to capitalise on enormous growth opportunities across geographies, customer verticals and products, as the digital transformation of the economy continues. Drawing on Nordic Capital’s significant experience across enterprise software, payment technology, financial services, and from scaling businesses globally, we are enthusiastic about the opportunity to help Signicat to further strengthen its market position and customer offering.”

    “As a leading Nordic growth software investor, we at Viking Venture have backed Signicat to become the market leader within digital identity in the Nordics. Together with Nordic Capital, we will support the company to become a global leader,” said Jostein Vik, Partner, Viking Venture.

    The acquisition of Signicat is the ninth investment by Nordic Capital’s latest fund, Nordic Capital Fund IX with EUR 4.3 billion in committed capital and which closed in May 2018. The acquisition builds on Nordic Capital’s recognised expertise and outstanding track record in the technology sector. Nordic Capital has made 14 Technology & Payment platform investments, including Bambora, Point and Trustly, and more than 40 add-ons since 2001.

    The parties have agreed to not disclose any financial details.

     

    About Signicat

    Based in Trondheim, Norway, and founded in 2007, Signicat operates the largest digital identity hub in the world, offering the only complete identity platform in the market, trusted to reduce the burden of compliance in highly regulated industries. With Signicat, institutions can build and leverage existing customer credentials to connect users, devices and even ‘things’ across channels, services and markets transforming identity into an asset rather than a burden. By ditching manual, paper-based processes and replacing them with digital identity assurance, customer on-boarding is accelerated and access to services is made simple and secure. Signicat has over 500 financial services and other organisations as clients, connects to more than 20 schemes globally and verifies more than 20 million transactions per month. For further information about Signicat, please visit www.signicat.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 and are advised by advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital, please visit www.nordiccapital.com

    About Viking Venture

    Viking Venture is a leading Nordic growth software investor with more than NOK 2 billion under management. The fund is headquartered in Trondheim, Norway and is an active minority investor in fast growing software companies with international potential. For more information about Viking Venture, please visit www.vikingventure.com

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HQ Equita successfully concludes fundraising for HQ Equita V

HQ Capital

Bad Homburg, April 11 2019 – HQ Equita has successfully concluded fundraising for its fifth fund, HQ Equita V (“Fund V” or the “Fund”), with capital commitments totaling €308 million. With the Fund now closed, at a level comparable to its main predecessor fund, HQ Equita remains true with its strategic investment focus.

Established as a GmbH & Co. KG based in Bad Homburg, Germany, Fund V will focus on investments in small- and medium-sized enterprises (“SMEs”) in German-speaking Europe. The Fund’s limited partners include entrepreneurial families, foundations, and select institutional investors, consistent with HQ Equita’s historical investor base comprised of entrepreneurial capital. With investors from both European and non-European countries committing to the Fund, HQ Equita continues to expand its international network.

“Our strategy of developing partnerships to further advance and create value for German-speaking SMEs attracted great interest from investors. We will leverage our team’s deep experience and our broad network to support our portfolio companies’ growth and generate value for both the companies and our investors. With Fund V, we will continue to invest in SMEs, seek to expand our team and advance our strategic development even further,” said Christine Weiß, Partner and Managing Director at HQ Equita.

Since 2017, Fund V has already invested in four attractive companies. The portfolio includes WELL PLUS TRADE (2017), The Packaging Group – consisting of FAWEMA and HDG – (2018), r2p (2018), and EBERTLANG (2019). WELL PLUS TRADE is a specialist developer of protein-based sports nutrition. The Packaging Group is a leading manufacturer of packaging machines. r2p is an international provider of digital systems for public transportation. And EBERTLANG is a leading value-added distributor of infrastructure software for SMEs in German-speaking Europe.

With these four investments, HQ Equita continues to pursue its nearly three-decade long focus on investing in highly specialized small- and medium-sized “hidden champions” in Germany, Austria and Switzerland. By investing in companies with revenues ranging between €20 million and €150 million, HQ Equita is able to provide sustainable growth capital, enact succession planning solutions, and provide the network necessary to develop corporate structures and internationalize the businesses.

“HQ Equita has continued to enhance its profile over the years and remains a trusted partner for growth capital and succession planning solutions for SMEs in German-speaking Europe. With the successful closing of Fund V and the initiation of the generational management change, the foundation for long-term stability and continuity at HQ Equita is firmly in place,” said Dr. Bernd Türk, Managing Director and Chairman of the Executive Committee of HQ Capital.

After three successful investments in the last 12 months, HQ Equita will continue to strategically deploy capital in attractive portfolio companies in the German-speaking DACH region.

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HQ Capital Real Estate’s Investment and Sales Activity Nearly $1 Billion in 2018

HQ Capital

[New York, NY / Bad Homburg, 9 April 2019]. HQ Capital, a leading independent manager of alternative investments, announces $840 million of real estate activity in 2018. Over the past year, the firm invested in eight multifamily investments throughout the U.S. in Arizona, California, Colorado, Georgia, Massachusetts, Tennessee and Texas, representing nearly 1,800 units with total project costs of $410 million.

 

“We experienced strong rental apartment demand, driven by healthy job gains last year,” said Justin Sorem, Vice President of Real Estate Asset Management at HQ Capital. “In the coming year, we expect to see this absorption continue, which will position our projects for further successful sales to apartment buyers.”

Beyond its investments, HQ Capital sold 11 residential and commercial properties valued at approximately $430 million and representing more than 2,300 apartment units and 360,000 square feet of commercial space throughout the U.S. The properties, which were sold to various institutional and private investors, were located in Growth markets primarily in the Southern and Western regions of the U.S.

“In 2018, we continued to successfully invest in and sell U.S. multifamily properties,” said Jeremy Katz, Co-Head of Real Estate at HQ Capital. “We are benefiting from a highly active sales market in which institutional investors seeking nonvolatile current returns are attracted to the core product we are delivering.”

In addition to its investment and sales activity, HQ Capital added a 68,000-square foot office building in Washington, D.C. to its third-party asset management portfolio.

The company expects to continue its current level of business activity in 2019.

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StageBio and Tox Path Specialists Merge

Two market leaders join forces to meet the growing demand for high-quality histopathology and neuropathology services in the preclinical therapeutics market

JACKSON, VA and FREDERICK, MD (USA) – April 10, 2019 – StageBio has merged with Tox Path Specialists, LLC (TPS) to create the leading provider of research and preclinical histology, pathology, specialized neuropathology and archiving services for the biopharmaceutical, medical device and contract research industries. StageBio was recently created by the merger of Histo-Scientific Research Laboratories (HSRL) and Vet Path Services (VPS) and is a portfolio company of Ampersand Capital Partners.

“We are very excited to merge operations with Dr. Mark Butt and his team at Tox Path Specialists as we continue to broaden our service offerings to both new and existing clients,” said Tom Galati, StageBio CEO. “It is our intent to position StageBio as the most capable histopathology company in the industry”.

Dr. Mark Butt, Founder & CEO of Tox Path Specialists, commented, “StageBio and TPS are a natural fit. The broad spectrum of histopathology services of StageBio coupled with our specialty neuropathology capabilities are a great match and will further streamline the research process for our clients”. The merger adds laboratory space in Frederick, MD, and more importantly adds staff with vast experience in specialty neuropathology techniques to complement the StageBio team based in Virginia, Ohio and Massachusetts. The combined business has over 20 board-certified pathologists and a total employee base of over 100.



About StageBio

StageBio is the leading provider of GLP-compliant research and preclinical histology, pathology and specimen archiving services for the biopharmaceutical, medical device and contract research industries. We provide our customers with a fully-integrated breadth of histopathology services, including tissue analysis, efficacy determination for new compounds and devices, toxicological evaluation of products subject to FDA approval, detailed pathology reporting for GLP studies, medical device pathology and immunohistochemistry. We operate four state-of-the-art sites in the US, with substantial continued investment in our facility and technology infrastructures to meet the growing demand for high-quality histopathology services. With more than 20 board-certified veterinary pathologists and over 50 laboratory technicians on staff, we are ideally positioned to deliver on our unified commitment to quality, scientific integrity and customer service excellence. Additional information about StageBio is available at www.stagebio.com.

About Tox Path Specialists

Founded in 2006, TPS is one of the leading neuropathology laboratories in North America. Founded and led by Dr. Mark Butt, TPS specializes in comprehensive evaluations of the central and peripheral nervous system. TPS is a full-service GLP histopathology laboratory, offering expertise in histology, pathology immunohistochemistry, image analysis and stereology. Its staff consists of 2 board-certified (ACVP) veterinary pathologists, 6 highly-trained histology technicians as well as dedicated Quality Control (QC) and Quality Assurance (QA) units, all of whom are committed to quality work, excellent customer service and meeting demanding timelines. Additional information about TPS is available at www.toxpath.net.

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, MA and Amsterdam, Netherlands, Ampersand leverages a 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 its 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.

For further information contact:

Sam Jeffrey
Director of Corporate Development
info@stagebio.com

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Hengli Investments Holding Group and Gaw Capital Partners Close Acquisition of Cityplaza Three & Four in Hong Kong

Gaw Capital

April 11, 2019, Hong Kong – Hengli Investments Holding (Group) Ltd. (“Hengli Group”) and real estate private equity firm Gaw Capital Partners, through a fund under its management, today closed the acquisition of portions of Cityplaza Three (including 10 high zone office floors and commercial areas) and Cityplaza Four from Swire Properties. The partners closed the acquisition of the two office towers for HK$15 billion, amounting to an average price of around HK$19,350 per sq. ft.

Located in the growing business center of Taikoo Shing in Hong Kong’s Eastern District, the two 22-storey Grade-A office towers have a combined GFA of around 775,000 sq. ft. and enjoy views over the Victoria Harbor with direct walkways connecting the buildings to Tai Koo MTR station and Cityplaza shopping mall. With the recent opening of the Central-Wan Chai Bypass, the towers also have quick and convenient access to the Central business district.

Chang Wei Chen, Chairman of Hengli Investments Holding (Group) Ltd., said, “Record-high rents in traditional business areas have created demand for more cost-effective and spacious Grade-A office buildings in emerging commercial districts, creating huge potential for areas like Taikoo Shing. Working closely with Gaw Capital’s team, we look forward to adding strategic value to Cityplaza Three and Four through property enhancement work, leveraging the towers’ attractive location in the fast-growing Eastern District to capture this new wave of tenants. This investment is one of the long-holding properties of our Group in Hong Kong, which provides continuous stable rental returns.”

Mr. Chen, possessing over 30 years of experience in investment, industrial and commercial sectors and real estate development, is the key decision maker on strategic development for Hengli Group. Mr. Chen is currently the second-largest shareholder of Wanda Hotel. Wanda Hotel is principally engaged in property development, property letting, property management and investment holding activities.

Kenneth Gaw, President and Managing Principal of Gaw Capital Partners, said, “We are delighted to be partnering with Hengli Group to purchase portions of Cityplaza Three (including 10 high zone office floors and commercial areas) and Cityplaza Four and to reposition them into attractive office space that appeals to the new wave of businesses moving into Taikoo district. Riding on the properties’ promising location, we will deploy a creative approach to asset management that strengthens the buildings’ pull factors and makes them a key destination for firms that are looking to relocate to the Eastern District.”

Gaw Capital has over 13 years of experience investing in and/or turning around commercial properties in Greater China, including Hong Kong. The firm successfully transformed and repositioned properties such as 133 Wai Yip Street in Hong Kong, a former 12-storey industrial building turned creative office space; and Sky Bridge HQ, a mixed-use project located in the heart of Linkong Economic Park in Shanghai. In recent years, the firm also purchased 29 local Hong Kong shopping malls from Link REIT, which it intends to reposition and revitalize into attractive hubs of community life.

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The Carlyle Group Agrees to Sell vwd, a Provider of Innovative Software Solutions to the Investment Industry, to Infront

Carlyle

Carlyle Supported vwd‘s Development to Become a Significant European Information and Technology Solutions Provider

London/Frankfurt – Global investment firm The Carlyle Group (NASDAQ: CG) announced today that it has agreed to sell vwd Vereinigte Wirtschaftsdienste GmbH (vwd), a European provider of software solutions for investment professionals, to Infront ASA (Infront). Infront is a European market leader for real-time market data, trading, news and analytics applications based in Oslo, Norway. The transaction is subject to approval from the relevant antitrust and financial regulatory authorities.

Headquartered in Frankfurt, Germany, vwd is a provider of software for the investment industry. With its intuitive solutions on a modular technology platform, vwd empowers wealth management and investment professionals to make smarter, more efficient and regulatory-compliant investment decisions.

Carlyle invested in vwd in 2012 through Carlyle Europe Technology Partners II (CETP II), a pan-European small & mid-market buyout fund dedicated to investing in technology-focused B2B companies with annual revenues of €15 to €150 million. The CETP team has extensive global experience in the management of technology companies, as well as in German-speaking countries.

Infront was founded by CEO Kristian Nesbak and CIO Morten Lindeman in 1998 and is listed on the Oslo stock exchange. It is a leading market data and trading solution provider in the Nordics with customers in more than 50 countries.

In this new strategic partnership, vwd’s comprehensive offering covering data & feed, portfolio & advisory, regulatory & calculation and publication & distribution solutions will be complemented by Infront’s best-in-class market data and trading solutions. vwd will therefore be able to continue pursuing its unified platform product strategy with Infront adding a highly sophisticated front-office trading product suite. Both vwd and Infront customers will benefit from the two companies combining their sector-defining capabilities across regulation, private wealth management and market data.       

Kristian Nesbak, Infront CEO, commented: “The merger of vwd and Infront will allow us to create one of the largest and most relevant players in Europe. Our highly complementary product solutions and core markets will enable us to pursue an ambitious common growth plan.”   

Shiva Ramabadran, vwd CEO said: “Joining forces with Infront will allow us to be an even stronger partner for our customers who will greatly benefit from a more diversified solutions offering. Due to vwd’s significant contributions to the new combined entity, we will be able to continue fulfilling all customer requests and be on the ground in our core markets.”   

Thorsten Dippel, Managing Director of the Carlyle Europe Technology Partners (CETP) team said: “Infront is an ideal partner for vwd. We are delighted to see that Infront will support and accelerate vwd’s successful strategic development. We would like to thank vwd’s management team for their trust and cooperation during our successful partnership and wish vwd and Infront continued future success.” 

vwd’s management team will be fully integrated into the new joint executive team and will remain as ongoing contacts for all vwd customers and business partners.

* * * * *

Media contacts:

Catherine Armstrong
+44 20 7894 1632, catherine.armstrong@carlyle.com

Katharina Gebsattel
T +49 172 718 68 57, katharina.gebsattel@vub.de

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $216 billion of assets under management as of December 31, 2018, Carlyle’s purpose is to invest wisely and create value on behalf of our investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,650 people in 31 offices across six continents.

Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

About Infront

Infront provides a unique combination of global market data, news, analytics and trading tools. With over 20 years of product development driven by our clients’ business needs, the Infront Professional Terminal is the most user-friendly and flexible terminal in the financial market. We help buy-side and sell-side institutions grow their businesses, reduce costs, adapt to fast changing market requirements and work more effectively with ever-increasing amounts of information. Over 40,000 professional subscribers worldwide rely on Infront’s services. Infront is listed on the Oslo Stock Exchange and has offices in eight countries across Europe and South Africa.

About vwd

vwd is a leading software provider for the investment industry, With its intuitive solutions on a modular technology platform, vwd empowers wealth management and investment professionals to make smarter, more efficient and regulatory compliant investment decisions. Headquartered in Frankfurt, vwd has offices in 6 countries where it serves more than 2,400 businesses with data, services and software solutions.

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Bregal Partners announces closing of its second Fund with $650 million of commitments

Bregal Partners

New York, NY, April 11, 2019 – Bregal Partners today announced the closing of its second fund, Bregal Partners II LP. The fund closed on $650 million of capital commitments sourced from its current limited partners. The $650 million brings Bregal Partners to a total of $1.25 billion in committed capital under management.

“Our team is proud and appreciative of the support we’ve received from our limited partners,” said Scott Perekslis, Co-Founder and Managing Partner of Bregal Partners. “We sincerely value these relationships and the confidence our investors have shown in our team and investment strategy.”

Charles Yoon, Managing Partner at Bregal Partners, added, “We are long-term partners to entrepreneurs, founders, and management teams, working with them to build and scale their businesses. Fund II is off to a great start having already invested in three founder-owned platforms in the consumer, food and retail industries.”

About Bregal Partners

Bregal Partners is a leading middle-market private equity firm with $1.25 billion in total committed capital. Founded in 2012, the firm specializes in three core verticals: consumer and multi-unit, food and beverage, and business services. The firm invests in primarily founder-owned companies within its target industries that generate $5 to $75 million or more of EBITDA. Bregal Partners is committed to promoting corporate social responsibility in all aspects of its business. For more information, please visit www.bregalpartners.com.

About Bregal Investments

Bregal Investments is a global private equity investment firm with investment teams based in New York, London, Munich and Dallas, managing commitments on behalf of several limited partners. Bregal Investments is an operating company of COFRA, a privately held group of companies headquartered in Europe which also include a global fashion retail business (C&A) and real estate business (Redevco).

Bregal Investments’ investment teams specialize in private equity buy-outs, special situations, credit, energy and private equity fund investing. The firm focuses on transforming and growing businesses for future success, with its funds focusing on longer-term value creation. Bregal was founded in 2002 and has grown extensively since then, with approximately $16 billion invested to date. For more information, please visit www.bregal.com.

Contact:
Antonia Schwartz
Director, Head of Capital Development
(212) 704-3014
antonia.schwartz@bregal.com

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Genstar Capital Announces Acquisition of Ohio Transmission Corporation in Partnership with Management

OTC to Benefit from Accelerating Industry Demand for Factory Automation


SAN FRANCISCO, April 9, 2019—Genstar Capital, a leading private equity firm focused on investments in targeted segments of the industrial technology, healthcare, software, and financial services industries, today announced the acquisition of Ohio Transmission Corporation (OTC), an industrial automation equipment distributor and technical service provider.

Ohio Transmission Corporation is a leading technical distributor of highly engineered products including motion control, pumps, finishing products, robotics, motors and air compressors.  OTC serves over 13,000 customers across diverse end-markets, providing highly technical sales consultation and aftermarket repair and services. Key end markets include transportation, industrial machinery, metals, chemicals, and food & beverage among others.  Founded in 1963 and headquartered in Columbus, Ohio, OTC’s geographic footprint includes 38 branch locations in 17 states.

Rob Rutledge, Managing Director at Genstar said, “OTC operates at a pivotal point in the manufacturing sector, benefiting suppliers looking to partner with distributors with broader product and service capabilities and customers who are increasingly relying on distributors with strong technical resources.  The company provides a leading brand portfolio of highly technical products, value added services and specialized solutions with a proven track record of adding new product categories.  We look forward to supporting management’s strategy of product and geographic expansion organically as well as through strategic acquisitions to better serve OTC’s customers.”

Philip Derrow, Chief Executive Officer of OTC, said, “My father founded a company that for nearly 60 years has operated with an established culture and values rooted in integrity, achievement, and growth.  Genstar has direct experience working with industrial technology companies like ours and we look forward to working with their investment and operating partners to capitalize on numerous growth opportunities to broaden our geographic reach and enhance our technical solutions offerings to better serve our customers and suppliers and create opportunities for our associates.”

OTC has been a successful integrator, completing 16 successful acquisitions since 2010, and maintains a robust pipeline of actionable platform enhancing opportunities.

Weil, Gotshal & Manges LLP acted as legal counsel to Genstar Capital in the acquisition.

About Genstar Capital

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for over 30 years.  Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $17 billion of assets under management and targets investments focused on targeted segments of the industrial technology, healthcare, software, and financial services industries.

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MEDIA INQUIRIES:

Contact: Chris Tofalli
Chris Tofalli Public Relations
914-834-4333

 

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Ratos sells property to Swedish state

Ratos

As previously announced, Ratos has been in negotiations with the National Property Board of Sweden regarding a possible transfer of ownership of its Stockholm Lejonet 4 property to the Swedish state. Following these negotiations, an agreement has now been reached for the Swedish state to purchase the property. The agreement is conditional on the National Property Board receiving authorisation to complete the agreement from the Swedish government, upon approval from parliament, by 19 July 2019 at the latest.

Ratos will receive 550 MSEK in conjunction with the sale. The consolidated book value for the property at 31 December 2018 was 56 MSEK.

“The Stockholm Lejonet 4 property was acquired by Söderberg & Haak in 1938 and by Ratos AB (publ) in 1980. The security requirements in the area surrounding the property have gradually increased, resulting in a number of restrictions and obstacles in terms of how the property can be used, including entry and exit restrictions. Allowing the National Property Board to take over the property is therefore a logical alternative”, says Jonas Wiström, CEO of Ratos.

Ratos has the option to remain in the property until the end of 2021.

For further information, please contact:
Jonas Wiström, CEO, Ratos, +46 8 700 17 00
Helene Gustafsson, Head of IR and Press, Ratos, +46 70 868 40 50

About Ratos:
Ratos owns and develops unlisted medium-sized companies in the Nordic countries. Our goal as an active owner is to contribute to long-term and sustainable operational development in the companies we invest in and to make value-generating transactions. Ratos’s portfolio consists of 12 medium-sized Nordic companies and the largest segments in terms of sales are Construction, Industrials and Consumer goods/Commerce. Ratos is listed on Nasdaq Stockholm and has approximately 12,300 employees.

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