Category Archives: News

Questel acquires intellectual property services company Concur IP

ik-investment-partners

 

Today, Questel announces a majority investment in Concur IP, an India and US based IP services company well known for its patent drafting and standard essential patents related capabilities. This investment adds an essential piece to Questel’s existing suite of IP services. Questel can now support its clients throughout the entire IP lifecycle offering patentability search, patent drafting, translations, and international filing, as well as post grant support during licensing negotiations and litigations. Nitin Agrawal and Sachin Sinha will continue to operate as Concur IP’s Co-CEOs post this merger.

“Concur IP’s drafting service will dovetail nicely with Questel’s prior art search service,” said Charles Besson, Questel’s CEO. “Our full suite of services, including International Filing and Translation, meets a growing desire for more efficiency and clarity in connection with Intellectual Property costs, which we can now substantially guarantee to our customers”.

After noting Concur IP’s diverse experience, Nitin Agrawal, said “We believe corporate IP departments are committed to finding cost effective ways to delegate routine tasks, so they can focus their time on higher level activities. Our team of highly skilled and experienced IP professionals, having drafted more than 3,000 patent applications cumulatively, is well positioned to fulfil the demand of high quality patent applications at reasonable cost.”

Another key benefit Concur IP brings to Questel is their “Standard Essential Patent (SEP)” expertise, which is already being utilized by large telecom companies and law firms during licensing negotiations, litigations, and patent acquisitions. “Our SEP services enable companies to determine fair and reasonable licensing terms for standardized technologies. Our methodology is now well established in the market and has been adopted by the court, companies, and economists to calculate royalty rates. With Questel and their sophisticated platforms, we look forward to bringing more transparency in the process of technology standardization and the associated IP practices” said Sachin Sinha.

Questel is one of the world’s leading intellectual property management companies, delivering complete software and service solutions for each stage of the innovation lifecycle. And, for both software and services, Questel leverages a comprehensive and unique collection of intellectual property and scientific databases. With recent acquisitions of ITIP and Multiling, Questel now delivers the world’s largest and highest quality services for foreign filing of patent applications and translations. These services, when added to Questel’s e-learning and general IP consulting, make Questel the final destination to fulfill the most critical IP and Innovation needs. www.questel.com

Concur IP was formed with the specific purpose of providing high-end IP consulting services in a cost-effective manner. Concur IP’s solutions cater to various IP needs of corporates, law firms, universities, research organizations, consulting firms, and licensing support firms. Core services offerings include patent application drafting, office action responses, patent licensing & litigation support services, patent research and analytics. www.concurip.com

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DiscoverOrg Acquires ZoomInfo

Carlyle

Combination creates unrivaled B2B intelligence for sales, marketing, and recruiting professionals

Vancouver, WA – DiscoverOrg announced today that it has acquired Zoom Information, Inc (ZoomInfo). The two companies are coming together to provide sales, marketing, and recruiting professionals access to the most trusted and comprehensive B2B data available in the market.

“High-quality data is the fundamental go-to-market requirement for growth,” says DiscoverOrg co-founder and CEO Henry Schuck. “In the near future, CRM and marketing automation systems will be defined not by their empty-box capabilities but by the data that is housed inside them.”

He added: “To effectively capitalize on growth opportunities, companies of all sizes need accurate firmographic, technographic, contact, and intent data. Combined, DiscoverOrg and ZoomInfo deliver the trifecta: B2B data of the highest quality, quantity, and depth.”

DiscoverOrg’s research-verified accuracy and deep buying insights complement ZoomInfo’s comprehensive coverage of 100 million business professionals worldwide. Both organizations use highly advanced proprietary technologies and tools to gather, cleanse, and maintain company and contact data.

Within the next month, mutual customers will have a light integration that allows them to easily access both data platforms. Over the next year, DiscoverOrg will bring together the databases onto a single B2B intelligence platform, while accelerating the launch of new features, integrations, and advanced analytics.

By bringing together their complementary strengths and increasing investment in innovation, DiscoverOrg and ZoomInfo will help companies achieve what used to seem impossible: sales and marketing teams will have a go-to-market operating system that identifies the target accounts that should be engaged every day, week and month based on fit, engagement, and intent data collected in a multitude of ways. They will also have a 360-degree view of the buyers who are making the purchase decisions with accurate contact details, organizational charts, and buying profile insights.

“The combination of DiscoverOrg and ZoomInfo creates the only solution in the market that fully delivers data of the highest quality and quantity to drive sales and marketing efforts,” says ZoomInfo CEO Derek Schoettle. “I’m thrilled that our customers will benefit from the best B2B intelligence platforms coming together.”

“Today, effective sales and marketing relies on data that combines deep insightful context with high-quality broad coverage.  Being able to access that kind of data in a single place is something that every team is looking for,” notes John Donlon, Sr. Research Director at SiriusDecisions, a leading research and advisory firm.

Schoettle will serve in an advisory capacity during the transition, and Schuck will lead the combined organization, which now has almost 15,000 customers and 120,000 active users across the globe.

Both DiscoverOrg and ZoomInfo were recognized by G2Crowd as 2019 Top 100 Software Products and Top 10 Best Products for Sales.  They have also secured multiple consecutive honors on the Inc. 5000 list of the world’s fastest growing private companies.

DiscoverOrg’s investors include TA Associates, The Carlyle Group, and 22C Capital.

 * * * * *

About DiscoverOrg

Whatever your next stage of growth, DiscoverOrg will get you there faster. Growthbound organizations depend on DiscoverOrg’s deep B2B intelligence to drive their sales, marketing and recruiting activities. Our award-winning solutions provide a stream of accurate and actionable company and contact insights that can be used to find, connect with and sell to target buyers and hires more effectively – all integrated into the leading CRM, Sales Engagement and Marketing Automation Tools on the market. DiscoverOrg’s biggest differentiator is the combination of proprietary technology, tools and integrations with a layer of human-verification that allows us to deliver the highest guaranteed accuracy of any B2B provider in the market. Visit www.discoverorg.com

About ZoomInfo

Zoom Information Inc.(ZoomInfo) brings together data and technology to drive the revenue engine. Backed by the most comprehensive business database in the market, ZoomInfo combines user behaviors, business data, and artificial intelligence to streamline the sales workflow and deliver revenue results. For more information, visit www.zoominfo.com, demo our data dashboard, or call 866-904-9666.

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Nordic Capital acquires Orchid Orthopedic Solutions – a world leader in design and manufacture of orthopedic implants

Nordic Capital

  • Orchid is a world leading supplier of design and manufacturing solutions for the rapidly growing global orthopedic implant market
  • As a strategic partner to global orthopedic implant brands, Orchid offers innovative end-to-end manufacturing solutions with industry leading quality standards
  • Nordic Capital to acquire controlling majority holding in Orchid, with Altor retaining a significant minority holding
  • Nordic Capital is excited to support Orchid’s continued investment in product and manufacturing innovation, uncompromised clinical quality and integrated offerings

Nordic Capital Fund IX (“Nordic Capital”) announced today that it has agreed to acquire a majority holding in Orchid Orthopedic Solutions (“Orchid”), from Altor Fund III (“Altor”) who will retain a significant minority holding in the company.

Headquartered in Holt, Michigan, Orchid is a world leader in the design and manufacture of implants to the global orthopedic market. Orchid’s leading offerings span hip, knee, trauma, extremity and spinal implant products, as well as single-use and multi-use complex instruments used in implant related surgical procedures.

As a strategic partner to the leading global medical device OEMs, Orchid offers solutions in product and procedure design and possesses the full range of manufacturing processes required to produce finished, packaged products. The company serves a global customer base from its 12 manufacturing sites in the US, UK, Switzerland and China. Orchid innovates continually to provide differentiated processes yielding unique products, while simplifying its customers’ supply chains, delivering outstanding quality and offering end-to-end solutions benefitting from the broadest implants portfolio in the market.

The orthopedic implant market benefits from strong secular growth driven by larger and increasingly active elderly populations, obesity, medical advancements and increased access to surgical orthopedic care. As a leader in the industry and with Nordic Capital’s support, Orchid is ideally positioned to capitalise on this demand growth while helping its customers become more competitive.

“We are impressed by Orchid’s strong management team and attractive position in the growing orthopedic implant market, and look forward to supporting the company through its next phase of development. Orchid has a unique set of implant manufacturing capabilities across product categories, and is a true innovator simplifying and improving its customers’ supply chains. We are fully committed to supporting Orchid’s growth strategy in close partnership with management,” says Jonas Agnblad, Partner and Co-head of Healthcare at the advisor to the Nordic Capital Funds.

Orchid’s current management team, led by CEO Jerry Jurkiewicz, will continue to lead the company, building on its strong track record of both organic and acquisitive growth.

“We are very proud of what we have achieved in recent years and are very excited to continue this journey with Nordic Capital as our new partner. We are building the Orchid platform with a focus on satisfying our customers with a broad array of innovative implants procedure solutions from a global network of operationally excellent sites. With a great partner like Nordic Capital, I am confident our progress will only accelerate” says Orchid CEO Jerry Jurkiewicz.

Nordic Capital is the pre-eminent European healthcare investor with a strong track-record of successful healthcare investments in North America. Since inception in 1989 the Nordic Capital Funds have deployed more than EUR 6 billion in 27 healthcare platform investments across Europe and North America, supporting active value creation agendas to build industry winners.

The parties have agreed not to disclose financial details of the transaction, which remains subject to customary regulatory approvals. Goldman Sachs and Citi acted as financial advisors to Nordic Capital and Kirkland & Ellis LLP acted as its legal advisor.

 

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 Orchid Orthopedic Solutions

Orchid is a world leader in orthopedic medical device solutions, providing design and manufacturing services globally. As a strategic partner, Orchid has the capability of providing entire implant procedure and product design services, as well as, complete single source manufacturing. Orchid has the broadest portfolio in the industry, ranging from design and development through finished goods manufacturing and packaging, improving customers’ supply chains and adhering to the highest quality standards in the industry. Orchid specializes in implants, single use instruments and innovative technologies within joint reconstruction, hips, knees, spine, trauma, extremities and dental. For further information, please see www.orchid-ortho.com


About Nordic Capital

Nordic Capital is a leading European 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, Industrial Goods & Services and Consumer & Retail, and key regions are the Nordics, Northern Europe, and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 13 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

 

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DISCOVERORG acquires ZOOMINFO

TA associates

COMBINATION CREATES UNRIVALED B2B INTELLIGENCE FOR SALES, MARKETING, AND RECRUITING PROFESSIONALS

Vancouver, Wash., February 4, 2019 – DiscoverOrg announced today that it has acquired Zoom Information, Inc (ZoomInfo). The two companies are coming together to provide sales, marketing, and recruiting professionals access to the most trusted and comprehensive B2B data available in the market.

“High-quality data is the fundamental go-to-market requirement for growth,” says DiscoverOrg co-founder and CEO Henry Schuck. “In the near future, CRM and marketing automation systems will be defined not by their empty-box capabilities but by the data that is housed inside them.”He added: “To effectively capitalize on growth opportunities, companies of all sizes need accurate firmographic, technographic, contact, and intent data. Combined, DiscoverOrg and ZoomInfo deliver the trifecta: B2B data of the highest quality, quantity, and depth.”

DiscoverOrg’s research-verified accuracy and deep buying insights complement ZoomInfo’s comprehensive coverage of 100 million business professionals worldwide. Both organizations use highly advanced proprietary technologies and tools to gather, cleanse, and maintain company and contact data.

Within the next month, mutual customers will have a light integration that allows them to easily access both data platforms. Over the next year, DiscoverOrg will bring together the databases onto a single B2B intelligence platform, while accelerating the launch of new features, integrations, and advanced analytics.

By bringing together their complementary strengths and increasing investment in innovation, DiscoverOrg and ZoomInfo will help companies achieve what used to seem impossible: sales and marketing teams will have a go-to-market operating system that identifies the target accounts that should be engaged every day, week and month based on fit, engagement, and intent data collected in a multitude of ways. They will also have a 360-degree view of the buyers who are making the purchase decisions with accurate contact details, organizational charts, and buying profile insights.

“The combination of DiscoverOrg and ZoomInfo creates the only solution in the market that fully delivers data of the highest quality and quantity to drive sales and marketing efforts,” says ZoomInfo CEO Derek Schoettle. “I’m thrilled that our customers will benefit from the best B2B intelligence platforms coming together.”

“Today, effective sales and marketing relies on data that combines deep insightful context with high-quality broad coverage. Being able to access that kind of data in a single place is something that every team is looking for,” notes John Donlon, Sr. Research Director at SiriusDecisions, a leading research and advisory firm.

Schoettle will serve in an advisory capacity during the transition, and Schuck will lead the combined organization, which now has almost 15,000 customers and 120,000 active users across the globe.

Both DiscoverOrg and ZoomInfo were recognized by G2Crowd as 2019 Top 100 Software Products and Top 10 Best Products for Sales. They have also secured multiple consecutive honors on the Inc. 5000 list of the world’s fastest growing private companies.

DiscoverOrg’s investors include TA Associates, The Carlyle Group, and 22C Capital.

About DiscoverOrg

Whatever your next stage of growth, DiscoverOrg will get you there faster. Growthbound organizations depend on DiscoverOrg’s deep B2B intelligence to drive their sales, marketing and recruiting activities. Our award-winning solutions provide a stream of accurate and actionable company and contact insights that can be used to find, connect with and sell to target buyers and hires more effectively – all integrated into the leading CRM, Sales Engagement and Marketing Automation Tools on the market. DiscoverOrg’s biggest differentiator is the combination of proprietary technology, tools and integrations with a layer of human-verification that allows us to deliver the highest guaranteed accuracy of any B2B provider in the market.

About ZoomInfo

Zoom Information Inc.(ZoomInfo) brings together data and technology to drive the revenue engine. Backed by the most comprehensive business database in the market, ZoomInfo combines user behaviors, business data, and artificial intelligence to streamline the sales workflow and deliver revenue results. For more information, visit www.zoominfo.com, demo our data dashboard, or call 866-904-9666.

Media Contact

Katie Bullard
DiscoverOrg
pr@discoverorg.com

Categories: News

Blackstone to Acquire Aadhar, India’s Largest Independent Affordable Housing Finance Company

Blackstone

Mumbai, February 3, 2019 – Blackstone (NYSE:BX) today announced that private equity funds managed by Blackstone (“Blackstone”) have entered into a definitive agreement to acquire the entire stake in Aadhar Housing Finance Limited (“Aadhar”) held by the existing controlling shareholders.  As part of the transaction, Blackstone will simultaneously infuse INR 8,000 million primary equity capital into Aadhar to fund the company for future growth.

Aadhar is India’s largest independent affordable housing finance company with a network of 316 branches across 19 states and an AUM of approximately INR 100 billion (~USD 1.4 billion) which comprises 100% secured lending to retail customers with an average loan ticket size of less than INR 1 million.

Mr. Amit Dixit, Head of India Private Equity and Senior Managing Director at Blackstone, said: “Aadhar has the strongest origination capability in the sector with 316 branches. Our primary capital infusion of INR 8,000 million will double the company’s Net Worth and reduce its Debt to Equity ratio by roughly half. We expect the rating agencies and company’s lenders to welcome the ownership transition to a long term, well capitalized and patient investor in Blackstone.  We are proud to support the Government’s ‘Housing for All’ mission and provide capital and much needed confidence to the HFC/NBFC sector. Finally, we want to thank the current owners for building a great company with a strong management team and robust credit underwriting process. We plan to take the baton forward, back the management team, and fulfill their ambition of becoming the #1 company in the sector on all dimensions.”

Mr. Deo Shankar Tripathi, Managing Director and CEO at Aadhar, said: “The entire management team is excited to partner with Blackstone, the world’s largest alternative asset manager with AUM of USD 472 billion. Blackstone’s ownership and the upfront capital infusion will be perceived very positively by all stakeholders of the Company. This investment is a testament to the dedication of our outstanding employees who have built this Company. We look forward to take the Company further on its vision and growth plans.”

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

About Aadhar Housing Finance Limited

Aadhar Housing Finance Limited (Aadhar) is one of the largest housing finance companies in India servicing the home financing needs of the low-income segment.  Aadhar endeavours to empower underserved millions to own their first homes. Established in 1990 as Vysya Housing Finance Limited, Aadhar has a long history. Today, its 316 branches across 19 states help to reach more than 90% of the country’s low-income population and provide credit solutions that make home-ownership accessible to everyone.

Further information is available at www.aadharhousing.com

About Blackstone

Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with approximately USD 472 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on global basis.

Blackstone has been active in India since 2006 and has committed USD 9.8 billion of investments in India through private equity and real estate.

Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

Contact

Matthew Anderson
+1 (212) 390 2472
Matthew.Anderson@blackstone.com

Deepa Jayaraman
+91 900 877 8681
Deepa.Jay@outlook.com

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AURELIUS sells the remaining parts of its public-sector business in Great Britain and Northern Ireland

Aurelius Capital

Munich / London, February 5, 2019 – AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) will sell the remaining parts of its public-sector business in Great Britain and Northern Ireland. The homecare business in Northern Ireland was sold to the longtime minority shareholder, the Mackle family. The business of community rehabilitation services for the British public authorities (so-called CRCs, Community Rehabilitation Companies) will be transferred in accordance with them to services company Seetec, based in Hockley (Great Britain).

AURELIUS had already sold the homecare business in England, Scotland and Wales to the Health Care Resourcing Group (CRG), based in Prescot (Great Britain), at the end of 2018. With the current sale, AURELIUS has now withdrawn completely from the business of outsourced services for the public authorities in Great Britain. The further development of this market will largely depend on public budgetary conditions. Government savings constraints have already led to a substantial consolidation of this industry in the past few years.

After being acquired by AURELIUS, these activities were subjected to an extensive restructuring program, including the introduction of a much improved IT infrastructure, the enhancement of service quality, and cost reductions in the areas of personnel, overhead costs and rents.

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EURAZEO announces the sale of its stake in NEOVIA

Eurazeo

Paris, February 1, 2019 – Eurazeo, Idia, Future French Champions, and Unigrains, Neovia shareholders
since 2015 alongside InVivo (historical majority shareholder), have today announced the effective sale of
all Neovia shares to Archer Daniels Midland Company (NYSE: ADM).

Over the past three years, spurred by Eurazeo and InVivo, its historical shareholder, as well as its
management team, Neovia has undergone an in-depth transformation and accelerated its international
reach, while expanding into high added-value businesses. Over the period, the company carried out more
than 15 acquisitions worldwide, boosting its revenue outside Europe from 52% to nearly 75%. Backed by
its new shareholder, with its highly complementary market positions, Neovia is well positioned to further
its global leadership in animal nutrition.

Transaction sales proceeds for Eurazeo and its investor partners total €225 million, including €170 million
for Eurazeo, representing a return on its initial investment of nearly 2x and an IRR of approximately 20%.

About Eurazeo
Eurazeo is a leading global investment company, with a diversified portfolio of €17 billion in assets under management, including nearly €11 billion from third parties, invested in over 300 companies. With its considerable private equity, venture capital, real estate, private debt and fund of funds expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its 235 professionals and by offering deep sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term. Eurazeo has offices in Paris, New York, Sao Paulo, Buenos Aires, Shanghai, London, Luxembourg,
Frankfurt and Madrid.

• Eurazeo is listed on Euronext Paris.
• ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

Categories: News

Coller Capital’s fund enters a strategic relationship with Liquid Stock

Coller Capital

Liquid Stock (“Liquid”) today announced the launch of a fully independent, institutionally backed firm providing liquidity to employees and stockholders of privately held companies.  This strategy will align the interests of employees and shareholders by converting option holders into owners, providing companies with an alternative to tender offers and offering employees and shareholders full value for their stock.  Liquid’s team brings together a multi-disciplinary approach of leaders in liquidity solutions, venture capital and private equity investing, to provide liquidity to individual counterparties. Liquid is well-positioned to become the leading source of capital for private companies looking to provide liquidity to their employees through tax efficient, company-wide share purchase programs.

Funds managed by Goldman Sachs Asset Management, Morgan Stanley AIP and Coller Capital have entered into a strategic relationship with Liquid, making substantial capital commitments to Liquid’s fund.

Robert Pitti, Founding Partner of Liquid commented, “Our team brings a long history with a strong track record of collaboratively solving the challenges faced by private companies and their employees, as well as a strong understanding of their businesses.  Our strategic investors provide Liquid the ability to scale immediately to meet the needs of even the largest private companies, as well as a deep understanding of the global markets.”

Harold Hope, Managing Director and Global Head of Goldman Sachs Asset Management’s Vintage Funds commented, “Liquid’s depth of experience, diversity of skills and quality of team uniquely positions them as the liquidity provider of choice for employees and stockholders of privately held companies. As venture-backed companies are staying private for longer, we believe the Liquid offering provides an important liquidity tool for these stakeholders.”

Jeremy Coller, Chief Investment Officer of Coller Capital, said, “This is an innovative product that enhances liquidity options for those who work and invest in privately held businesses. We’re pleased to be partnering with Liquid in this exciting development.”

About Liquid Stock

Liquid Stock, headquartered in San Francisco and Los Angeles, is the first fully independent, institutionally backed firm, providing liquidity to employees and stockholders of privately held companies. Liquid intends to become the leading source of liquidity for employees and investors holding valuable, illiquid assets, and for companies looking to address their employees’ liquidity needs through tax efficient share purchase programs. More information about Liquid can be found at www.liquidstock.com.

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CAMPUS ENERGY PARTNERS takes ownership of certain ALTAGAS ENERGY INFRASTRUCTURE and supply assets

Birch Hill

Calgary, AB – February 1, 2019: Campus Energy Partners LP (“Campus Energy” or the “Company”)
today announced the closing of the acquisition of certain natural gas midstream, power, and commercial
and industrial marketing assets from AltaGas Ltd. (“AltaGas”).
Campus Energy Partners is a newly formed private entity owned by Birch Hill Equity Partners (“Birch
Hill”).

The Company’s energy infrastructure assets are located throughout Western Canada and include two
natural gas transmission pipeline systems, five natural gas gathering and processing facilities, an LNG
processing facility, and two power peaking units. Its energy supply solutions include providing natural
gas and electricity to customers in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario.
Campus Energy will be headquartered in Calgary and led by Jeremy Baines, newly appointed President
and Chief Executive Officer. Baines was formerly Senior Vice President of Strategic Projects with
AltaGas.

“We are a new company at Campus Energy, but we also have a long history of serving customers with
energy solutions. As Campus Energy, we will continue to operate safely, provide customers with creative
solutions, and be a contributor to the communities where we operate. We’ll also be actively seeking
opportunities to grow our business both organically and through acquisitions,” said Baines.
“It’s an exciting time for Birch Hill when we add a new partner company. We look forward to working
with Jeremy and his team of talented people at Campus Energy to build on their past successes as part of
AltaGas. The new company has a strong base of assets and operations to build from so we look forward
to expanding their customer reach and supporting their future growth plans,” said Michael Salamon, a
Partner with Birch Hill.

Additional information on Campus Energy can be found at www.campusenergy.ca.

About Birch Hill Equity Partners
With over $3 billion in capital under management, 17 partner companies and 45 fully realized investments
since 1994, Birch Hill is the leader in long-term value creation in the Canadian mid-market. For more
information about Birch Hill Equity Partners, please visit www.birchhillequity.com.

Contact:
Jeremy Baines – President and CEO – Campus Energy Partners
(403) 206-2832

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Investor AB supports Electrolux proposal to split the Group

Investor

2019-02-01 07:33 GMT+01

As announced yesterday, Electrolux Board of Directors has initiated work in order to propose that a shareholders meeting decides to separate its professional appliances business, Electrolux Professional, into a new company and to distribute it to the shareholders of AB Electrolux in 2020. As the largest owner of Electrolux, Investor supports this proposal.

“We believe that the intended split will further sharpen focus and add customer value both in Electrolux core consumer business and in the professional appliances business. A separation will create two strong platforms with good prospects for profitable growth and long-term value creation. Upon completion of the split both companies will be listed core investments within Investor”, comments Johan Forssell, Investor’s President and CEO.

Investor is Electrolux largest owner, holding 16.4 per cent of the capital and 28.3 per cent of the votes.

For further information:

Viveka Hirdman-Ryrberg, Head of Corporate Communication and Sustainability,
Phone +46 70 550 3500
viveka.hirdman-ryrberg@investorab.com

Magnus Dalhammar, Head of Investor Relations,
Phone +46 73 524 2130
magnus.dalhammar@investorab.com

Our press releases can be accessed at www.investorab.com

Investor, founded by the Wallenberg family a hundred years ago, is the leading owner of high quality Nordic-based international companies. Through board participation, our industrial experience, network and financial strength, we strive to make our companies best-in-class. Our holdings include, among others, ABB, Atlas Copco, Ericsson, Mölnlycke and SEB.

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