Category Archives: News

Nordic Capital acquires Ober Scharrer Group, a leading ophthalmology outpatient chain in Germany

Nordic Capital

Nordic Capital Fund IX (“Nordic Capital”) today announced the signing of the acquisition of Ober Scharrer Group (“OSG” or “the Group”). OSG is Germany’s largest provider for treatments for major causes of blindness and visual impairment as well as non-invasive treatments and diagnosis of eye disorders.

OSG, founded in 1982 and headquartered in Fürth, Germany, offers a broad spectrum of specialised ophthalmic treatments and provides high quality medical care to both public and private patients. Key services provided are surgical treatments such as cataract operations and Intravitreal Operative Drug Application (IVOM) for degenerative eye disorders. The Group has 900 employees performing more than 85,000 treatments per year across its c. 80 clinics in Germany.

As a leading healthcare investor with a 25-year track record of building high quality, sustainable healthcare businesses, Nordic Capital intends to support and further develop Ober Scharrer in line with its current strategy.

“The opportunity for future growth in the fragmented ophthalmic outpatient market is extensive and we are excited about the prospects as we continue to build our business. With Nordic Capital we have found a partner and owner that share our dedication to medical excellence, patient satisfaction and quality of services as well as our vision for growth. We believe Nordic Capital’s extensive experience in healthcare, both in and outside Germany, will be very valuable in the years to come,” comments Sibylle Stauch-Eckmann, CEO of OSG.

“Nordic Capital has followed this sector for several years, observing how OSG has continued to build its strong position and reputation for delivering medical excellence. Nordic Capital looks forward to investing in and supporting OSG’s further development and growth in its field of expertise where we see a strong demand for specialised, high quality centres to provide treatments,” says Joakim Lundvall, Partner at the Advisor to the Nordic Capital Funds.

With the acquisition of OSG from Palamon Capital Partners, Nordic Capital continues to build its healthcare franchise in the German speaking region. Since inception, the Nordic Capital Funds have invested in over 20 healthcare platforms across Europe and the USA.

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

 

Media contacts:

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

 

About Ober Scharrer Group

The Ober Scharrer Group was established in 1982 by two physicians Dr Ober and Dr Scharrer. Headquartered in Fürth, the company now has c. 80 facilities across Germany, 900 employees and delivers more than 85,000 treatments per year. Key group services include cataract operations and Intravitreal Operative Drug Application (IVOM) for degenerative eye disorders, as well as non-invasive eye treatments and the diagnosis of eye disorders. For more information on the Ober Scharrer Group refer to www.osg.de

 

About Nordic Capital

Nordic Capital is a leading private equity investor in the Nordic region 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 12 billion in close to 100 investments. The Nordic Capital Funds 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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Open Systems makes the Internet a safer place

eqt

In times of increased cyber criminality and malware attacks, being able to respond to them while protecting your data is no longer a necessity, but a matter of survival. Companies today are faced with a fundamentally-shifting complex world, offering game-changing opportunities in the digital space. Digitalization allows companies to be closer to their customers, delivering faster, better and more proactive services and products. Having said that, the digital transformation also creates new and significantly larger threats of business interruption and targeted attacks. However, fear is a bad advisor to embrace the future.

EQT Mid Market Europe portfolio company, Open Systems, is a pure-play MSS provider that is committed to working on the forefront of cybersecurity. Based in Zurich, Switzerland, Open Systems monitors and secures IT networks and business-critical applications for global companies, NGOs and institutions with a digital footprint. Open Systems offers a unique and fully integrated service portfolio consisting of Secure SD-WAN as a Service, Threat Analytics and Prevention, Managed Detection & Response Services and SOC as a Service.

With offices in Zurich, Sydney and New York and deployed security services in more than 180 countries, Open Systems takes responsibility to protect their customers in their digital space. The company’s 140 employees, of which 40 are dedicated to R&D and continuous development of the security platform, are working 24/7 as DevOps Security Operations team to ensure that their customers’ data is in safe hands.

Open Systems brings more than 25 years of industry experience and enjoys a competitive advantage with regards to combining a highly scalable security platform with around-the-clock availability to highly skilled customer service, making it a one-stop-shop for holistic security solutions in the digital space. The company’s frontline staff holds all relevant international regulatory certifications, allowing them to respond and act on security breaches, threats and malware attacks on a global scale.

Since EQT invested in Open Systems in June 2017, the focus has been on strengthening the company’s go-to-market approach and sales organization, further developing the comprehensive product roadmap towards Security as a Service (SeCaaS) with full respond & defend and analyze & detect security capabilities and to continue Open Systems’ internationalization into Germany and the US by leveraging EQT’s global platform.

“The global MSS market is currently at a tipping point”

While ignoring the potential of digitalization is not an option in a competitive market, the risks involved are severe. More specifically, a single incident can kill entire companies. Recent disastrous cybersecurity incidents at enterprises such as Maersk stress that the digital value creation chain and cybersecurity risks are inseparable. Now, there is increased customer awareness of risk and cyber criminality against companies. Stringent data privacy regulations and accelerated developments in digitalization and IoT have resulted in enhanced compliance complexity for companies’ in-house IT departments. The shortage of in-house security expertise and adoption of new technologies drive customer demand to partner with MSS providers.

“The global MSS market is currently at a tipping point where it is expected to almost double in size by 2020. Open Systems’ business model is highly scalable with good operating leverage for international expansion and its technology is deeply integrated into the company’s structure, which enables a high degree of automation. EQT has deep sector expertise in this area from portfolio companies such as, Utimaco, IFS, Automic, Unomaly and Hacker One. Together with Open Systems, EQT looks forward to supporting the company’s continued growth trajectory and accelerated international expansion”, says Florian Funk, Partner at EQT Partners, Investment Advisor to EQT Mid Market Europe.

Global 2000 enterprises, as well as medium to large companies across all sectors, trust Mission Control Security Services by Open Systems to protect their businesses and end users. The spectrum of clients ranges from Gate Group (GATE:SW) to Sulzer (SUN) and from SOS Children’s Villages to UBS AG, and underlines that Open Systems’ highly standardized services are delivered to a broad range of verticals.

Open Systems’ CEO Martin Bosshardt adds: “The global MSS market is highly fragmented in terms of numbers, types of providers and their geographic coverage. The support of EQT and its Industrial Advisors will enable further advancements in Open Systems’ security platform and will empower us in taking the next step in growing our presence in primarily the DACH region and the US. Our ambition is to reinvent the market for cybersecurity. Together with EQT, we are ready to take the next step in making the Internet a safer place for our customers.”

 

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Sarnova becomes a new subsidiary within Patricia Industries

Investor

Patricia Industries, a part of Investor AB, has signed an agreement with Water Street Healthcare Partners and Sarnova founder Matthew D. Walter to acquire Sarnova Holdings, Inc., the leading U.S. specialty distributor of healthcare products in the emergency preparedness and acute care markets. Sarnova provides a wide range of highly differentiated, mission-critical products, and valued added services – including product selection, training, inventory management and logistics, as well as custom kitting – to its customers and vendor partners.

Sarnova was formed in 2008 when Water Street merged two leading specialty distributors. Over the next ten years, Sarnova completed eight acquisitions to expand its suite of medical products and services. Today, the company has full national coverage and a clear leadership position in both its end markets. Within Emergency Preparedness, Sarnova commercializes products such as automated external defibrillators, emergency response kits and specialty consumables to a broad range of customers including fire departments, ambulance companies, law enforcement and the federal government. Within Acute Care, Sarnova offers innovative respiratory and anesthesia products to hospital emergency, critical care and neonatal intensive care departments. Its focus has enabled Sarnova to develop strong differentiation in its products and value-added services.

The enterprise value amounts to USD 903 m. For the 12-month period ending in December 2017, sales amounted to USD 555 m. and the EBITDA margin was approximately 12 percent. Since 2012, annual sales growth, most of which has been organic, has averaged 6 percent. EBITDA growth and cash conversion have been strong over the same period.

Patricia Industries will inject approximately USD 500 m. in equity for majority ownership of the company. The remainder of the acquisition will be financed by external debt and equity participation by Water Street, Mr. Walter, the board, management and other key individuals.

“Sarnova has a strong and dedicated management team and a clear leadership position in attractive market niches, characteristics we typically look for when adding new companies to our portfolio”, comments Investor AB CEO Johan Forssell.

Upon closing of the acquisition, Sarnova becomes Patricia Industries’ third North American subsidiary, in addition to BraunAbility and Laborie, which were acquired in 2015 and 2016 respectively.

“In Sarnova, we see a great company that has both impressive historical performance and significant, durable long-term growth potential. Its asset-light business model makes the company highly cash generative”, says Noah Walley, Co-Head of Patricia Industries. “We are looking forward to working with Sarnova’s executive team to further invest in and develop the company”, he adds.

“I am so proud of our team’s success. This new partnership with Patricia Industries will further strengthen Sarnova’s capacity to serve our customers, vendors and employees and fulfill our mission to save and improve patients’ lives. Simply put, the Wallenberg family and the Investor Group have a values-oriented culture, much like Sarnova’s culture, and we foresee a very bright future as a part of their family”, says Sarnova CEO Jeff Prestel.

Chris Sweeney, partner, Water Street, adds, “It has been an honor to work with Matt, Jeff and the entire Sarnova team over the past ten years. Together, we created and executed a strategic plan that grew the company into a market leader that is making a meaningful impact in the acute care and emergency medical services markets. Patricia consistently demonstrated its cultural alignment with us throughout our discussions and will be a strong home for Sarnova.”

The acquisition is subject to approval by the relevant competition authorities. Closing is expected during the second quarter 2018. The transaction is not of the kind subject to disclosure obligation by Investor pursuant to the EU Market Abuse Regulation.

Patricia Industries, a part of Investor AB, makes control investments in best-in-class companies with strong market positions, brands and corporate cultures within industries positioned for secular growth. Our ambition is to be the sole owner of our companies, together with strong management teams and boards. We invest with an indefinite holding period, and focus on building durable value and capturing organic and non-organic growth opportunities.

Sarnova is the leading national specialty distributor of healthcare products in the emergency medical services (EMS) and acute care markets. The company is comprised of four major business units: Bound Tree Medical, Cardio Partners, Emergency Medical Products and Tri-anim Health Services. For more information, visit www.sarnova.com.

Water Street is a strategic investor focused exclusively on health care. The firm has a strong record of building market-leading companies across key growth sectors in health care. It has worked with some of the world’s leading health care companies on its investments including Johnson & Johnson, Medtronic, Smith & Nephew and Walgreen Co. Water Street’s team is comprised of industry executives and investment professionals with decades of experience investing in and operating global health care businesses. The firm is headquartered in Chicago. For more information about Water Street, visit www.waterstreet.com.

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EQT to sell Mongstad Group

eqt

  • EQT Infrastructure II to sell Norwegian port and supply base landlord Mongstad Group to Asset Buyout Partners
  • During EQT’s ownership, Mongstad Group has more than tripled in size following strategic acquisitions and investments in base infrastructure such as quays and storage facilities
  • Expansion and upgrade projects of more than NOK 500 million completed for Statoil and other partners – resulting in growth, increased efficiency, reduced emissions and improved supply base infrastructure and security

EQT Infrastructure II (“EQT Infrastructure”) has entered into a definitive agreement to sell Mongstad Group to Asset Buyout Partners (“ABP”), a real estate investor specialized on oil and gas clusters, founded by Norwegian private equity investor HitecVision.

Mongstad Group was acquired by EQT Infrastructure in August 2015 and is the owner of infrastructure and landlord at two high activity oil and gas supply bases at strategically located ports serving producing platforms in the Norwegian North Sea. The strategy has revolved around investing in infrastructure and properties to support the increasing supply base activity through acquisitions and contracted development projects for partners, including Statoil and various oil & gas service companies.

In total, expansion and upgrade projects of more than NOK 500 million have been completed on behalf of Statoil and Mongstad Group’s other partners to enable growth, customer cost savings and environmental benefits by improving supply base infrastructure and security.

Since EQT Infrastructure came in as owner, Mongstad Group has grown through several acquisitions at the port of Mongstad outside Bergen and expanded to Dusavik. Dusavik port is located outside Stavanger and is a key supply base serving the southern part of the Norwegian North Sea, which includes being the designated supply base for the Johan Sverdrup development, the largest oil field development on the Norwegian Continental Shelf.

With these initiatives, Mongstad Group has grown threefold in revenues from 2015 to 2018.

Tore Noto Johnsen, CEO of Mongstad Group, comments: “Together with EQT, Mongstad Group has grown its offering of infrastructure and properties supporting more than 20 producing platforms in the Norwegian North Sea served from the supply base. We are now excited to continue our journey with ABP and continue to improve our combined offering and capacity as a leading Norwegian port landlord and developer of supply base infrastructure.”

Masoud Homayoun, Partner at EQT Partners, Investment Advisor to EQT Infrastructure, adds: “Since 2015, Mongstad Group has undergone an extraordinary transformation to become an infrastructure owner and developer of critical importance to the offshore oil and gas industry. In the capable hands of the company’s management and ABP as a strong new owner, we believe that Mongstad Group will continue to prosper and support its customers.“

Closing of the transaction is subject to customary approval by the Norwegian Competition Authority.

Morgan Stanley & DNB Markets acted as financial advisers and Selmer as legal adviser to EQT Infrastructure.

The parties have agreed not to disclose the transaction value.

Contacts:
Masoud Homayoun, Partner at EQT Partners, Investment Advisor to EQT Infrastructure, +46 8 506 55 348
EQT Press contact, +46 8 506 55 334

About Mongstad Group
Mongstad Group is an owner of key infrastructure and a landlord to high activity oil and gas supply bases at the strategically located ports of Mongstad and Dusavik, supporting about 30 oil and gas fields in the Norwegian North Sea.

More info: www.mongstadgroup.no

About EQT
EQT is a leading investment firm with approximately EUR 49 billion in raised capital across 26 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About Asset Buyout Partners
Asset Buyout Partners is an industrial real estate company with a dedicated investment strategy aimed towards real estate and infrastructure assets located in Norwegian oil and gas clusters. The company Is owned by HitecVision, Europe’s leading specialist private equity investor focused on the oil and gas industry.

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Ardian Real Estate signs agreements to acquire two major buildings in Paris

Ardian

Paris, 8 March 2018 – Ardian, a world-leading private investment company, today announces the signing of two sales agreements concerning the acquisitions of two office buildings in Paris. The acquisitions represent the second and the third transactions completed by Ardian Real Estate in France, both in line with Ardian Real Estate’s strategy of investing in commercial real estate assets with a strong potential for value creation.

The first transaction is for an office building located on 2 place Rio-de-Janeiro in the 8th district of Paris, near the Parc Monceau. This complex will be subject to a complete refurbishment to bring it in line with prime standards.

The second acquisition, the radio station ‘Europe 1’’s building, has been the headquarters of the radio station since it was established in 1955. The complex is located at 26 to 32 rue François 1er in the 8th district of Paris, within the Golden triangle of Parisian real estate. The building will be subject to a large refurbishment in order to, notably, optimize office spaces to prime standards and create new spaces for high quality retail shops. This acquisition is the second completed with Lagardère, after acquiring the Europa building in Levallois-Perret in June 2017.

Stéphanie Bensimon, Managing Director Ardian Real Estate, said: “Signing these two sales agreements just a few days after successfully raising over 700 million euros for our first-time Real Estate fund is a reflection of the strength of the team, as well as its ability to find attractive investment opportunities. Both acquisitions are perfectly in line with our “core-plus/value-added” strategy and we look forward to apply our redevelopment plans to bring these properties to prime standard.”

LIST OF PARTIES INVOLVED
Place de Rio
Investment manager/ Purchaser: Ardian
Purchaser’s advisors: Arsène-Taxand, Orféo,
Architect: DTACC
Seller’s advisors: Cushman & Wakefield

Rue Francois 1er
Investment manager/ Purchaser: Ardian
Purchaser’s advisors: Linklaters, Arsène-Taxand, JLL AMO, SCC Vendôme & Studio Mainardi
Architect: CALQ
Seller’s advisors: Cushman & Wakefield, Cabinet Lacourte, Raquin, Tatar

ABOUT ARDIAN
Ardian is a world-leading private investment house with assets of US$67bn managed or advised in Europe, North America and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.

Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 490 employees working from thirteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco) and Asia (Beijing, Singapore, Tokyo). It manages funds on behalf of c.700 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Follow Ardian on Twitter @Ardian

www.ardian.com

 

CONTACTS PRESSE

ARDIAN
Headland
Carl Leijonhufvud
cleijonhufvud@headlandconsultancy.com
Tel: +44 020 3805 4827

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Semantix acquires Amesto’s translations division

Segula

On Friday 2 March 2018, Semantix and Amesto’s translations division officially agreed to join forces. Semantix has signed an agreement to acquire all shares of Amesto Translations Holding AS, including its subsidiaries in Norway, Sweden, Denmark and the UK. Together the new combined company will be the market leader in the Nordics.

The executive leaders of both companies confirm the significance of the agreement in the current landscape of the language industry.

“Overthe last years, Amesto’s translations division has done great progress and created a good platform for future growth”, explains Arild Spandow, CEO of Amesto Group, and continues, “At the same time, the translation and interpretation industry is experiencing rapid changes, thus requiring extensive consolidation and major investments. As such, we’re convinced that Semantix is the perfect future owner of our translations division as Semantix can offer increased focus, stellar competences and the necessary resources”.

Today’s language services are technology and data-driven, and both Amesto’s translations division and Semantix have been investing heavily in multilingual communication solutions supporting high-quality linguistic services. The organisation, solutions and capabilities of Amesto’s translations division are complementing Semantix perfectly to accelerate growth and support both the short and long-term strategic goals.

Manuel Lindberg, CEO of Amesto Translations, confirms the operational and strategic fit: “This is a perfect match and perfect timing, and I’m confident that our customers, partners and my colleagues will benefit greatly from this important step forward.”

CEO of Semantix, Patrik Attemark, who joined the company in 2017, has built a strong organisational team and is prepared to execute on an aspirational strategic roadmap. He emphasizes: “Semantix has the ambition to take the leadership in our changing industry and create more value for our customers, employees and partners. We have the people and the power to ensure a sustainable future business in the highly competitive global market where technology and multilingual data will dominate the agenda. The joint company will establish Semantix as the indisputable industry leader in the Nordics.”

—

Amesto Translationsis the leading language company in Norway, one of the major players in Sweden, has a growing presence in Denmark and a new office in London. Amesto Translations has a turnover of ~NOK 140 million and ~70 employees. The translations division is part of Amesto Group, a Norwegian family-owned business. The Group comprises over 600 business professionals delivering software, analytics, IT infrastructure, staffing, translation and interpretation services, payroll and accounting. In addition, Amesto Top Temp has 800 external consultants. Amesto has a global reach in over fifty countries, concentrating on payroll and accounting, secretarial, domiciliation and other administrative services catering for both SMEs and large multinationals to allow them to focus on their core business operations. For more information, please visit www.amesto.com.

Semantix is the largest language company in the Nordics, providing interpreting, translation and advanced language solutions to the public sector and private corporations for more than 50 years. Semantix has a turnover of approximately SEK 900 million and operates in accordance with ISO 9001:2015. The group has offices in Sweden, Denmark, Norway and Finland and representations in China, Chile and Spain. Semantix has some 400 employees and manages a network of thousands of language specialists across the globe. Semantix is majority-owned by the private equity fund Segulah V L.P. For more information, please visit www.semantix.eu.

 

For more information

Patrik Attemark, CEO, patrik.attemark@semantix.se ,+46 (0)70 166 56 01

Britta Aagaard, Head of Translation, britta.aagaard@semantix.dk ,+45 29 43 71 70

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FSN CAPITAL IV divests its Holding in INSTALCO

Fsn Capital

FSN Capital IV has, through Herakles Holdings Limited, a wholly-owned company, sold its holding of 5,001,210 shares (corresponding to 10.8% of the total shares), in Instalco Intressenter AB (“Instalco” or the “Company”), through an accelerated bookbuilding to Swedish and international investors and Instalco Management and Employees. The sale was made at a price of SEK 51.30 per share, a total of approximately SEK 257 million. Following the sale, FSN Capital IV no longer holds any shares in Instalco.

All proceeds, SEK 255 million net of fees, will be used to repay part the outstanding margin call facility with Danske Bank.

Instalco was listed on NASDAQ Stockholm on May 11, 2017.

FSN CAPITAL IV DIVESTS ITS HOLDING IN INSTALCO

About Instalco
The Group was formed on the initiative of its CEO, Per Sjöstrand, in February 2014 by a consolidation of five installation companies, each with long and successful history. Instalco’s business concept is to be able, through cooperation between locally leading and highly specialised units, to offer competitive multidisciplinary solutions, while at the same time achieving coordination benefits. Since its formation the Company has demonstrated strong growth (Instalco has increased its revenue by more than four times between 2014 and 2017), driven primarily by acquisitions but also through organic growth. For the 2017 financial year, Instalco had net sales of SEK 3,114 million and an adjusted EBITA of SEK 264 million, corresponding to an adjusted EBITA margin of 8.5 percent.

For more information please contact the following representatives of FSN Capital Partners (the investment advisor of FSN Capital IV):

Peter Möller, Partner
pm@fsncapital.com  +46 85 450 39 30

Morten Welo, COO & Investor Relations
mw@fsncapital.com   +47 24 14 73 00

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Mercer Advisors Acquires Traust Sollus Wealth Management

Largest RIA Acquisition Expands Mercer’s Presence in the Northeast And Deepens Firm’s Tax Expertise

DENVER, March 5, 2018 – Mercer Advisors Inc. (“Mercer Advisors”), a national Registered Investment Advisor (RIA), today announced its largest RIA firm integration to date with the acquisition of Traust Sollus Wealth Management (“TS”), a boutique wealth management firm emphasizing sophisticated financial planning, investment management and tax planning strategies for high net worth individuals.

The addition of Traust Sollus’ New York City and Princeton, NJ offices deepens Mercer’s footprint in the Northeast, brings Mercer’s total offices to 29 and, with $420 million of Assets Under Management (AUM), increases Mercer’s AUM to over $12 billion.

Traust Sollus was founded in 1982 as a CPA firm before transitioning to a RIA by Al Zdenek, Jr., TS’s President and Chief Executive Officer.  TS today provides a family office suite of services to its high net worth and ultra-high net worth clientele, and prepares over 650 tax returns each year on behalf of clients.  In addition to Mr. Zdenek, the senior management team consists of Richard Weyers, COO & CCO, and Brian Picariello, Head of Wealth Management, and their 26-person staff, will join Mercer.

Dave Welling Chief Executive Officer of Mercer Advisors, said, “This acquisition not only deepens our footprint in the Northeast but more importantly allows us to greatly expand key components of our family office suite of services.  The addition of the consequential executive talents that Al, Rick, and Brian bring to Mercer further deepens our executive bench and adds decades of wealth management experience to our organization.” Added Welling, “We are also thrilled to be expanding the scale and expertise of our tax practice through the addition of Traust Sollus’ tax team.”

Commenting on the transaction, Mr. Zdenek, said, “For more than 35 years Traust Sollus Wealth Management has partnered with clients to ensure they are always making the best financial decisions and living the life they want now and in the future – we take pride in positively transforming lives! In Mercer Advisors, we have found a partner that is as passionate and dedicated in delivering top-notch service and ensuring clients achieve their personal and financial goals.  With a deeply talented staff, a high-touch service and can-do attitude in work, along with shared values and culture, it was an easy decision to partner with Mercer.  We are thrilled to bring two leaders in the wealth management industry together and enthusiastically look forward to working together to create the premiere wealth advisory company in the nation.”

Mercer Vice Chairman David Barton, who leads the company’s M&A activity, said, “There are only a few RIA’s in the U.S. that have a footprint like ours, and we are going deeper in markets where we already are, particularly in strategic locations like New York.  Our high touch, high service, Family Office business model requires both a local presence and multi-disciplinary professionals to service the complex needs of our HNW and UHNW clients.  You cannot deliver Mayo Clinic style financial care from a single location to clients located far away just as a hospital in Columbus, OH cannot treat a patient in Princeton, NJ.”

Silver Lane Advisors LLC served as financial advisor to Traust Sollus Wealth Management.

About Mercer Advisors

Established in 1985, Mercer Advisors Inc. is a total wealth management firm that provides comprehensive, fee-only investment management, financial planning, family office services, retirement benefits and distribution planning, estate and tax planning, asset protection expertise, and corporate trustee and trust administration services. Mercer Advisors is the parent company of Mercer Global Advisors, one of the largest Registered Investment Advisors and financial planning firms in the U.S. with over $12 billion in client assets and approximately 8,000 clients. Headquartered in Denver, Mercer Advisors is privately held, has over 200 employees, and operates nationally through 29 branch offices across the country. For more information, visit www.merceradvisors.com.

Data as of February 1, 2018. AUM includes affiliates and wholly owned subsidiaries.

###

MEDIA INQUIRIES:

Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
914-834-4334

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Ardian Infrastructure partners with TPH to create Skyline Renewables and acquires 60MW wind project in Texas

Ardian

New York, March 5, 2018: Ardian, a $67 billion world-leading private investment house, today announces a partnership with Transatlantic Power Holdings (TPH) to build a renewable platform based in the United States, Skyline Renewables. Skyline Renewables’ first acquisition is Whirlwind, a wind project in Texas from Renewable Energy Systems Americas Development, Inc.

Skyline Renewables completed its first acquisition, Whirlwind Energy, a windfarm comprised of 26 turbines with a total capacity of 60 MW, located in Floyd county in the North-West of Texas. The acquisition included the buyout of tax equity interests from JP Morgan and cash equity interests from RES Americas.

Skyline Renewables will focus on acquiring operating and development projects in the onshore wind sector. Skyline Renewables plans to build one of the leading North American clean independent power platforms with a total installed capacity of 3 GW.

TPH, was founded in 2016 by Martin Mugica and Lorenzo Roccia with a group of private investors. Mr. Mugica is an industry veteran with more than 20 years of experience most recently as the former President and CEO of Iberdrola Renewables. During his tenure at Iberdrola, Mr. Mugica and his management team built Iberdrola into the second largest renewable player in North America via systematic acquisitions and organic growth. Mr. Roccia will serve as Skyline’s Chairman and Mr. Mugica will serve as Skyline’s CEO. The company’s senior management team includes additional veterans from the Iberdrola Renewables team, Vikram Bakshi, Victor Austin and Manuel Ramos.

Mathias Burghardt, Member of the Executive Committee, Head of Ardian Infrastructure, said: “Ardian Infrastructure stands for innovation and the careful pursuit of superior returns. It is important for us to work with experienced local partners, and as we carefully expand Ardian’s activities in the North American market, we are delighted to partner with TPH which has an established track record of excellence in US renewables.”

Stefano Mion, Managing Director and co-head of Ardian Infrastructure US, said: “TPH has an exceptionally strong team and a clear strategy for success. We are excited to leverage its deep industry expertise and considerable relationships for sourcing and pursuing new investment opportunities in the North American renewables sector. While our vision for Skyline Renewables is broad, Whirlwind is the ideal first investment, one in which we can actively manage the asset and optimize returns.”

Martin Mugica, President and CEO of TPH added: “Our partnership with Ardian, a company known for its sophisticated understanding of the infrastructure market, has provided both the resources and support to deliver on our strategy for building a leading North American power producer. There are great opportunities ahead and we are looking forward to taking advantage of them with Ardian’s full support.”

 

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$67bn managed or advised in Europe, North America and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.

Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 490 employees working from thirteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco) and Asia (Beijing, Singapore, Tokyo). It manages funds on behalf of c.700 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

Follow Ardian on Twitter @Ardian

 

www.ardian.com

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TeleComputing strengthening its position in the Nordic markets- acquires integration specialists iBiz Solutions

ik-investment-partners

TeleComputing has acquired the Swedish IT-company iBiz Solutions. The growth in areas such as machine learning, artificial intelligence and Internet of Things leads to more complex IT-solutions and a greater need of integrations.

“The acquisition strengthens TeleComputings position in the Nordic countries, and facilitate further growth in a market where integrations and external IT-operations are becoming increasingly important,” says CEO of TeleComputing, Terje Mjøs.

iBiz Solutions is a company with strong technical competencies, business acumen and a good reputation, which is a good match with Telecomputings position and ambitions. “The acquisition also strengthens our efforts in our advisory and consultancy services, both in Norway and Sweden,” says Mjøs.

The strengthening of portfolio of services with profound competencies in System Integration, is a good fit with TeleComputings competencies in Hybrid Cloud Solutions and IT-operations.

“Current and new customers of TeleComputing will have access to an even better service portfolio, and customers of iBiz Soltutions will have access to our broad service portfolio, and can utilize our competencies in hybrid cloud solutions and advisory capabilities,” says Mjøs. “With a strengthened service offering, we are able to cover broader aspects of customers’ requirements, both for existing and new customers.”

IBiz Solutions is one of the leading companies within systems integrations in the Nordics, and offr consultancies on IT-architecture and integration to large companies and organizations in Northern Europe. The company also has a wide offering of courses within integration and APIs.

Companies that want to strengthen their competitiveness need legacy systems and new systems to be able to “communicate”. System Integration enables systems to work together and makes room for innovation and increased competitiveness. The new opportunities within computer analysis through Big Data and the Internet of Things (IoT) presupposes apt solutions for integrations.

“IBiz Solutions is recognized as a leading company in system integrations in Sweden, and recently won the Microsoft Partner of the Year award in the category Intelligent Cloud. – The skills and customer-base of IBiZ Solutions is a good fit with TeleComputings broad service offerings and advisory capabilities,” says Mjøs.

IBiz Solutions has just over 50 employees, and shows profitable growth through many years. The revenue in 2017 was 65 million NOK. The company serves over 50 companies in the Nordic countries, such as Scandic, Olav Thon Group, Statkraft, Caverion and Forex bank. The company’s headquarters is in Karlstad, and it has offices in Oslo, Stockholm, Norrköping and Gävle.

TeleComputing is owned by the IK VII Fund. For more information (in Norwegian) please click here.

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