Category Archives: News

EQT Credit completes financing to leading premium school group Inspired

eqt

EQT Credit, through its Mid-Market Credit investment strategy, today announces that it has provided EUR 115 million of financing to support Inspired’s (the “Company”) acquisition strategy.

Inspired is a leading global operator of over 30 premium schools in Europe, Australia, Africa, the Middle East and Latin America. The Company has grown rapidly by building new schools and acquiring existing successful ones around the world and currently educates over 24,000 students between the ages of 1 and 18.

Inspired was founded by Nadim M. Nsouli, Chairman and controlling shareholder. Additional shareholders include TA Associates, Oakley Capital, the Oppenheimer family, the Mansour Group, Genesis Capital and Graeme Crawford (founder of Reddam House).

Paul Johnson, Partner at EQT Partners’ Credit team, Investment Advisor to EQT Credit, commented: “Inspired has rapidly developed into one of the largest international premium K-12 platforms and we have been impressed by the high-quality portfolio of schools. Inspired is led by an ambitious and driven management team, and we are pleased that EQT Credit has been able to provide a financing solution to suit the requirements of the Company and its shareholders”.

Nadim Nsouli, Founder and Chairman of Inspired, commented: “We are pleased to team up with EQT Credit as we continue to acquire some of the leading premium schools around the world. Inspired has an ambitious growth plan driven by an entrepreneurial team and supported by world class educators. EQT Credit’s support will be greatly valued in the coming years.”

Contacts:
Paul Johnson, Partner at EQT Partners, Investment Advisor to EQT Credit, +44 207 430 5554
Nakul Sarin, Director at EQT Partners, Investment Advisor to EQT Credit, +44 755 128 9396
EQT Press Office, +46 8 506 55 334, press@eqtpartners.com

About EQT
EQT is a leading alternative investments firm with approximately EUR 38 billion in raised capital across 25 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 EQT Credit
EQT Credit invests through three complementary strategies: senior debt, Mid-Market Credit (direct lending) and credit opportunities. Since inception, EQT Credit has invested approximately EUR 4.0 billion in 150 companies. EQT Credit’s direct lending strategy seeks to provide flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. These businesses may be privately-owned corporates seeking alternative funding to grow or be the subject of private equity-led acquisitions or refinancings.

For more information: www.eqtpartners.com/Investment-Strategies/Credit

About Inspired
Inspired is a leading premium schools group operating in Europe, Australia, Africa, the Middle East and Latin America educating over 24,000 students across a global network of over 30 schools in 10 countries. Inspired offers a fresh and contemporary approach to education by re-evaluating traditional teaching methods and curriculums, and creating a more dynamic, relevant and powerful educational model.

For more information: www.inspirededu.co.uk

 

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Mérieux Développement and Gimv announce the signature of an exclusivity agreement with a view to acquiring Stiplastics Healthcaring

GIMV

Mérieux Développement and Gimv, together with the management team, announce that they have signed an exclusivity agreement with Stage Capital, Stiplastics Healthcaring’s majority shareholder, with a view to acquiring the company.

Stiplastics Healthcaring, which was founded in 1985 and has been owned by Stage Capital (formerly NBGI) since 2013, designs, develops and manufactures standard and smart plastic solutions for the pharmaceutical industries and the health sector. Based in Saint-Marcellin (Isère – France), the company currently employs over 90 people on a 10,000 m2 industrial site opened last October. The Group expects to achieve turnover of EUR 21 million in the current 2017/2018 financial year, 98% of which will be generated by the health sector. Exports account for 55% of Stiplastics’ turnover, thanks to its development of devices for the dispensing of solid-form medications (especially in the USA).

Stiplastics Healthcaring has over 30 years’ experience in medical plastics. It works with customers throughout the entire process, from formulating the exact needs until the product is launched. It is a recognised specialist in the area of treatment observance, and its range of “intelligent” pill dispensers encourage treatment observance, and make administering and taking medicines easier and safer. It has also built solid expertise in solutions for respiratory diseases. Stiplastics Healthcaring works in partnership with pharmaceutical industry leaders and has recently developed an inhalation device.

The company has a strong development potential in the connected health sector, with new products in the pipeline and a modern workshop for the production of electronic products in a controlled environment. In order to meet the new needs of patients and healthcare actors faced with changing pathologies and uses, and more specifically the increasing prominence of connected care, the Group has set up its IoC [Internet Of Care]® unit, which is dedicated to designing, developing and producing e-health medical devices. In addition, several partnership agreements were finalised in 2017 in what is an extremely promising sector, which will benefit patients and practitioners alike.

Mérieux Développement and Gimv[1] have joined forces to acquire Stiplastics Healthcaring. They will contribute their complementary expertise in the health sector and support the growth of this French company. Stiplastics Healthcaring will remain under the operational management of Jérôme Empereur and Laetitia Le Gall, who have successfully developed this high-performing industrial platform, whilst creating real sales momentum in recent years.

“The Mérieux Développement – Gimv consortium is an ideal tandem that will allow Stiplastics Healthcaring to grow further and accelerate its development. They bring to the table health sector specialists as well as substantial financial resources, which is perfectly suited to support the Group’s growth challenges” explained Jérôme Empereur, Stiplastics Healthcaring’s Chairman-CEO.

“Our decision to invest in Stiplastics Healthcaring is based on our assessment of the strength of the management team and our shared ambition on the company’s future. In particular, we have jointly identified the increased need for innovative solutions to improve observance and administration of medicines. We are delighted to be the new reference shareholder of this French company and to be given this opportunity to support its innovative strategy and international development plans.” says Jean-François Billet, Senior Partner at Mérieux Développement.

“Stiplastics Healthcaring has all the necessary assets to become a European market leader, including cutting-edge production facilities, excellent regulatory expertise and a deep understanding of its clients’ needs. We are very proud that Jérôme Empereur and the entire management team have chosen the Mérieux Développement-Gimv consortium to support them in their ambitious growth plans,” adds Benoit Chastaing, Partner Health & Care at Gimv.

The transaction is expected to close by the end of January 2018. No further financial details about this transaction will be disclosed.

 

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Eurazeo Patrimoine announces the acquisition of C2S GROUP

Eurazeo

Eurazeo Patrimoine, the Eurazeo division specializing in investments in tangible assets, is pleased to announce the acquisition of C2S Group from Bridgepoint. The investment company will invest c. €100 million to become the group’s majority shareholder, alongside management and medical practitioners.

The transaction is subject to the approval of the French Competition authority and should be completed in the first quarter of 2018. C2S Group is the eighth largest private clinic operator in France and a regional leader in Auvergne, Rhône-Alpes and Burgundy Franche-Comté. It operates 11 clinics, primarily specializing in short and medium-length stays in general medicine, surgery and follow-up care. It also wns the buildings for seven of its clinics. The group has 500 medical practitioners, who are partners in the group’s governance and nearly 1,800 employees. In 2016, it treated over 235,000 patients (75% as outpatients) and reported revenue of €158 million. The group’s growth is founded on long-term societal trends. The French hospital care market was €195 billion 2015 (second largest in Europe) and is growing steadily.

C2S also enjoys an ideal regional footprint in one of the most densely populated and attractive areas in France. C2S Group has strengthened the management of its operations and real estate assets, while implementing an active external growth strategy,acquiring notably Hôpital Privéd’Ambérieu in 2015 and the Avenir Santé Group in 2016.

Since 2015, it has invested heavily in modernizing the group and improving its operating performance, benefiting from a relationship of trust with regional health authorities. Eurazeo Patrimoine’s experience in accompanying companies, combined with its real estate management expertise and its historical knowledge of the region, will drive the acceleration of C2S Group’s development, particularly through external growth.

For Renaud Haberkorn, Managing Partner and Head of Eurazeo Patrimoine: “We’re thrilled to offer our real estate and operational support and expertise to C2S Group. Its development and transformation in recent years has been quite remarkable. With its strong local footprint and Eurazeo Patrimoine’s support, we’re sure the group will continue its growth momentum and seize the many development opportunities available to it. This investment fits perfectly with Eurazeo Patrimoine’s strategy at the crossroads of the real estate and private equity businesses.”

For Jean Rigondet, Chairman of C2SGroup: “We’re delighted to welcome Eurazeo onboard and to work together to continue the group’s development strategy. With Bridgepoint ’s support, we successfully completed several projects and undertook essential work across all our clinics. We’re now eager to start a new chapter in C2S Group’s history alongside Eurazeo Patrimoine.

Further improvements in performance will be founded on exemplary medical governance and our teams, of which we are immensely proud, confirming our position in the Greater Center-East region.”

About Eurazeo

With a diversified portfolio of approximately ~€8 billion in assets under management, Eurazeo is a leading global investment company with offices in Paris and Luxembourg, New York, Shanghai and Sao Paolo. Its purpose and mission is to identify, accelerate and enhance the transformation potential of the companies in which it invests. The firm covers most private equity segments through its five business divisions – Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo Brands. 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. As a global long-term shareholder, the firm offers deep sector expertise, a gateway to global markets, and a stable foothold for transformational growth to the companies it supports.

Eurazeo is listed on Euronext Paris.

ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

 

 

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Fresks acquires Färingsö Trä

Litorina

Fresks continues to expand through the acquisition of Byggvaruhuset Färingsö Trä AB (Färingsö Trä) who operates a building material store in Ekerö outside Stockholm. Previous owners will reinvest part of the proceeds from the transaction in Fresks Group and Peter Skoog will remain CEO of Färingsö Trä post the transaction.

Färingsö Trä was founded shortly after World War II as a branch to Bromma Trä. Peter Skoog and Stefan Poulsen, who have worked in Färingsö Trä since the 1980s, have run the company and been its main owners since 2004. Today, Färingsö Trä has about 40 employees and a turnover of approximately SEK 130 million.

After the acquisition Fresks Group will have a total of 26 stores with pro forma revenues of approximately SEK 1.7 billion and c. 470 employees.

For further information, please contact:

Leif Lindholm, +46 70 698 27 00, CEO Fresks Group

Fresks, founded in 1862 is a leading Swedish building material retail chain in Sweden focused on the professional segment. The company has 26 stores under the brands XL-BYGG Fresks, XL-BYGG Östergyllen and Gärdin & Persson. Fresks sells high quality building material with high degree of service primarily to small and mid-sized professional customers. For more information, please visit www.fresks.se and www.gardinpersson.se

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SoftBank Vision Fund invests €460 million in DN Capital Portfolio Company AUTO1

DN Capital

AUTO1 Group, Europe’s leading multi-sided platform for the used car sector, today announced a € 460 million investment by SoftBank Vision Fund. The investment, of which around half will be made through the issue of new shares, values AUTO1 at €2.9 billion and will support the Group’s continued growth and international expansion. DN Capital led the Series A round in 2013. AUTO1 Group’s technology enables dealers as well as private individuals to trade seamlessly throughout Europe via an analytics and logistics platform that most efficiently matches supply and demand for used cars. Since launching in 2012, AUTO1 Group has expanded into more than 30 countries, trading with over 35,000 professional partners and selling over 40,000 cars per month. SoftBank’s Akshay Naheta will join the AUTO1 Group board following the investment.

AUTO1 Group Co-CEO Hakan Koç said: “We are delighted to welcome SoftBank Vision Fund, one of the largest tech funds in the world, as an investor in AUTO1 Group. We believe that the Fund’s deep investment and technology expertise will help us to accelerate our growth as we continue to focus on making the used vehicle market more efficient and transparent.”

 

Akshay Naheta, Partner at SoftBank Investment Advisors, said: “AUTO1 Group has built a fast growing, data-enabled platform introducing efficiency and transparency to the fragmented used car market, which is worth more than $300 billion annually. The SoftBank Vision Fund’s capital and our operational expertise with marketplace businesses will support continued global growth.”

 

 

About Auto1 Group

Founded in 2012, AUTO1 Group is Europe’s leading multi-sided platform for the used car sector. As an independent multi-brand platform, AUTO1 Group is aimed primarily at the used car trade and offers over 35,000 professional partners the opportunity to access a diversified portfolio of more than 40,000 vehicles. By connecting buyers and sellers through technology the company enables dealers and increasingly consumers to trade seamlessly throughout Europe. AUTO1 Group owns business units like AUTO1.com, Autohero.com or wirkaufendeinauto.de. AUTO1 Group matches supply and demand for used cars in over 30 countries. In 2016 the company sold more than 300,000 vehicles and achieved revenues of EUR 1.5 billion. For more information please visit www.auto1-group.com.

About DN Capital

DN Capital is a leading early stage and growth capital investor focused on Seed, Series A and select series B investments in marketplaces, digital health, fintech, SaaS, digital media, e-commerce, mobile applications and software companies. The firm was founded in 2000 and has operations in London, Berlin and Silicon Valley. DN Capital’s previous funds are top performers and the firm is one of the lead investors in companies such as Endeca (sold to Oracle), Shazam (one of the world’s leading mobile apps), Auto1 (world’s largest used car marketplace), Purplebricks (IPO London) and Quandoo (sold to Recruit). The professionals at DN Capital bring over 75 years of private equity & venture capital experience to their investments, and actively work with portfolio companies to steward their growth through the various stages of development. Additional information about the firm and its portfolio companies can be found at http://www.dncapital.com.

For further information

Kanira Shah

Investor Relations

DN Capital

Kanira@dncapital.com

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ONELA, Colisée’s new home care services Brand Name

ik-investment-partners

Paris – January 15th 2018 – Colisée reaffirms its commitment to senior citizens and their loved ones’ care with the launch of its Brand Name ONELA, Bien à la Maison and Nouvel Horizon Services’ new common Brand Name.

With close to 70 agencies, ONELA, home services specialist, is abundantly present throughout the country, without brand franchising, in order to insure standardized values and good practices shared by its 2900-employee staff. ONELA is renowned for the quality of the services it provides to elderly and handicapped people as well as people in recovery and their caregivers.

Thanks to their proximity, responsiveness and 24-hour activity the ONELA teams are able to meet the needs expressed in all circumstances by more than 12.000 beneficiaries daily.

ONELA emphasizes its demanding recruitment process and its training policy devised to ensure an efficient and homogeneous service. With this objective, ONELA fully profits from the Colisée Group’s renowned expertise, both in France and internationally, in the elderly people’s sector.

To outline its difference, ONELA relies on a strong identity highlighted by its motto “Etre bien chez soi” (“Feeling good at home”) and new additional services such as tele-advice or teleconsultation: a 24-hour, 7 days a week medical service which makes it possible for someone to get in touch strictly confidentially with a doctor in order to talk, get some advice or reassurance and if necessary be directed towards an appropriate service.

With its brand-new redesigned website (https://www.onela.com) which promotes both the staff and the agencies and boasts a recruiting section and an easily noticeable identity, ONELA will endeavour to find and offer regular new services, truly suited to the current expectations of senior citizens who would like to live independently and at home as long as possible.

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Nexans to accelerate sustainable mobility with investment in IES

Eurazeo

Nexans to accelerate sustainable mobility with investment in IES, global expert of EV fast-charging solutions Investment in fast-charging specialist will enable Nexans to extend its range of solutions and services for electric vehicle infrastructure to provide a comprehensive global offer for DC and AC applications.

Paris La Défense, January 15,2018

Nexans has announced a capital investment in IES, leader in the production of charging solutions for electric vehicles. Nexans’ investment comes as part of a new fund-raising round for the company, including further investment by Eurazeo, IES’s majority shareholder.

The funds raised will allow IES to develop its commercial potential, expand its product range, and strengthen its international presence. The passenger electric vehicle (EV) market is continuing to show strong growth, with worldwide sales Expected to exceed 1.1 million of vehicles in 2017 – an increase of close to 50 Percent on 2016.1

For sustainable mobility to truly become mainstream, the world needs extensive infrastructure to support EVs in the form of smart, fast-charging stations that will make them as convenient and easy to use as conventional petrol or diesel-fueled vehicles.

Nexans has taken the next step in meeting this challenge by announcing a capital investment in IES, the specialist manufacturer of fast-charging direct current (DC) solutions. IES, an industry leader with over 25 years of know-how in charging solutions With its innovative fast-charging solutions, based on unique high frequency power switching technology, IES has become a global market leader serving automotive OEMs, as well as industrial EV OEMs and EV charging infrastructure providers.

IES has 25 years of know-how in charging solutions and specializes in the design and manufacture of onboard and external vehicle charging systems rated at up to 100 kilowatts. The company is headquartered in France, with affiliates in the US, China and Germany.

 

“IES has established an excellent reputation as a specialist supplier of EV charging systems offering the highest levels of quality, reliability and performance. This has enabled us to achieve 25 percent average year-on-year growth in sales for the past three years,” said Jean-Michel Cornille, President of IES. “The presence at our side of an international leading industrial actor, on top of our historic partner, Eurazeo, will create excellent synergies to accelerate our development. By leveraging Nexans’ international sales force, extending our product & service solutions, and adding major investment to further accelerate our new product development, we look forward to taking our business to the next level and reinforcing our leading position on the dynamic and fast-growing e-mobility market.”

 

A strategic partnership aligned with Nexans’ ‘Paced for Growth 2018-2022’ plan The cooperation with IES builds on Nexans’ existing investments in EV charging solutions, including alternating current (AC) charging stations. These strategic partnerships enable Nexans to offer a comprehensive portfolio of charging hardware, software and services for all applications, both DC and AC.

Christopher Guerin, Nexans Senior EVP, Europe and Telecom/Datacom, Power Accessories Business Groups, said:“IES is a valuable addition to our sustainable mobility portfolio, both for its advanced fast-charging technology and the strong relationships it has already established with major players in the industrial EV, automotive OEM and charging infrastructure sectors. This investment is a perfect illustration of our recently announced strategy for 2018-22 to extend Nexans’ offer in our Building & Territories segment beyond cables to provide complete solutions for EV charging stations.”

Currently, Eurazeo is the main shareholder of IES. Following this investment Nexans will own a 27.8 percent stake in IES, with Eurazeo and the management Holding the remainder of the capital.

 

Yann du Rusquec, Managing Director and Head of Eurazeo Growth, added:

“Since our investment in 2013, IES has significantly progressed thanks to the extension of its high quality product range and its promising international development. Today, in light of the strong market potential combined with IES’s growth , we are renewing our commitment by investing once again in the company. Having Nexans at our side will allow IES to capture significant and positive new development opportunities over the coming years.”

1 EV-Volumes, Global Plug-in Vehicle Sales for 2017 H1 + July, August Update

About IES

IES (Intelligent Electronic Systems) is a leading company recognized for advanced electric vehicle battery charging solutions. Founded more than 25 years ago, IES has created a high expertise for designing and manufacturing high frequency battery chargers at the edge of the technology. First engaged on the industrial vehicle market, where reliability and compacity were key, IES has developed a complete range of on-board chargers recognized by top leading industrial actors in the world.

IES has also actively participated to the emergence of the electric passenger vehicle market , becoming for instance the exclusive on-board charger supplier for one vehicle from a top French manufacturer. Working closely with a leading German car maker, IES has also elaborated in 2010 one of the first CCS Combo DC fast chargers. Combining compacity, performances and reliability, the IES technology is used today by many leading car OEMs in the world to help developing their new electric vehicles. Thanks to the support of Eurazeo, who acquired a majority of the company shares in 2013, IES has builta strong international presence for fast charging infrastructures. The KEYWATT technology has been selected as the core solution of many charging infrastructure actors in Europe, North America, and more recently in China through its joint venture created with WANMA in 2015. At end of 2017, more than 4,0 00 KEYWATT chargers have been deployed in the world, making IES as one of the leading companies for the transition to electric mobility.

 

For more information, please consult:

www.ies-synergy.com

IES contact:

Jean-Benoit Moreau

Marketing Director

Tel: +33 (0) 4 30 05 00 28

jean-benoit.moreau@ies-synergy.com

 

About Nexans

Nexans brings energy to life through an extensive range of cables and cabling solutions that deliver increased performance for our customers worldwide. Nexans’ teams are committed to a partnership approach that supports customers in four main business areas:

Power transmission and distribution (submarine and land), Energy resources (Oil & Gas, Mining and Renewables), Transportation (Road, Rail, Air, Sea) and Building (Commercial, Residential and Data Centers). Nexans’ strategy is founded on continuous innovation in products, solutions and services, employee development, customer training and the introduction of safe, low -environmental- impact industrial processes.

In 2013, Nexans became the first cable player to create a Foundation to introduce sustained initiatives for access to energy for disadvantaged communities worldwide. Nexans is an active member of Europacable, the European Association of Wire & Cable Manufacturers, and a signatory of the Europacable Industry Charter. The Charter expresses its members’ commitment to the principles and objectives of developing ethical, sustainable and high-quality cables.

Nexans, acting for the energy transition, has an industrial presence in 40 countries, commercial activities worldwide, is employing close to 26,000 people and generating sales in 2016 of 5.8 billion euros. Nexans is listed on Euronext Paris, compartment A.

 

For more information, please consult:

www.nexans.com

& follow us on:

Nexans contacts:

 

Press

Angéline Afanoukoe

Tel: +33 (0)1 78 15 04 67

angeline.afanoukoe@nexans.com

 

Investor relations

Michel Gédéon

Tel: +33 (0)1 78 15 05 41

michel.gedeon@nexans.com

 

About Eurazeo

With a diversified portfolio of approximately €8 billion in assets under management, Eurazeo

is a leading global investment company with offices in Paris and Luxembourg, New York, Shanghai and Sao Paolo. Its purpose and mission is to identify, accelerate and enhance the transformation potential of the companies in which it invests. The firm covers most private equity segments through its five business divisions –Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo Brands. 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. As a global long-term shareholder, the firm offers deep sector expertise, a gateway to global markets, and a stable foothold for transformational growth to the companies it supports.

 

Eurazeo is listed on Euronext Paris.

ISIN: FR0000121121

–

Bloomberg: RF FP

–

Reuters: EURA.PA

Eurazeo contacts:

Caroline Cohen

Sandra Cadiou

Head of Investor Relations

Communication Director

Email:

ccohen@eurazeo.com

Email:

scadiou@eurazeo.com

Tel: +33 (0)1 44 15 16 76

Tel: +33 (0)1 44 15 80 26

Eurazeo Press Contact

 

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Partners Group to sell stake in Silicon Ranch Corporation to Shell

Partners Group

Partners Group, the global private markets investment manager, has, on behalf of its clients, agreed to sell its 43.83% ownership stake in Silicon Ranch Corporation (“Silicon Ranch” or “the Company”), a leading developer, owner and operator of solar energy facilities in the US. Partners Group is selling its equity stake to Shell for minimum proceeds of USD 193 million and up to USD 217 million, dependent on the Company achieving predetermined milestones. In addition, Partners Group will continue to support Silicon Ranch through a newly issued junior debt financing simultaneous with the closing of the sale.

Founded in 2011 and headquartered in Nashville, Tennessee, Silicon Ranch is one of the fastest-growing, independent solar power producers in the US. Since Partners Group’s investment into Silicon Ranch in April 2016, the Company has quadrupled its operating portfolio of commercial- and utility-scale solar projects. It now has approximately 880MW of contracted, under construction, or operating solar PV systems across 14 US states, as well as close to 1GW of additional development pipeline. As the Company’s largest shareholder, Partners Group worked closely with the management team and other shareholders during a period of rapid growth.

Todd Bright, Partner, Head of Private Infrastructure Americas, Partners Group, states: “We are immensely proud of having supported Silicon Ranch in its recent expansion. With our support, the Company has been able to execute its growth plan faster than expected and we are taking the opportunity to divest our equity stake to a strategic investor ahead of the original investment plan. Nonetheless, we remain convinced of Silicon Ranch’s growth potential, as well as of the appetite for solar energy in the US, and are pleased to be able to continue to support the Company as an investor on behalf of our clients.”

Partners Group is a significant investor in renewable energy projects worldwide on behalf of its clients, with a particular focus on solar and wind energy. In addition to the continued support of Silicon Ranch, Partners Group recently announced the acquisition of a 45% equity stake in Borssele III/IV, a 731.5MW construction-ready offshore wind farm in the Netherlands

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Partners Group sells stake in Victorian Comprehensive Cancer Centre in Melbourne, Australia

Partners Group

Partners Group, the global private markets investment manager, has, on behalf of its clients, sold its 21% stake in the Victorian Comprehensive Cancer Centre (“VCCC” or “the Centre”), a cancer research, treatment and education centre in Melbourne, Australia, to AMP Capital’s Community Infrastructure Fund.

Partners Group was part of the winning Plenary Health consortium selected by the Victorian Government in late 2011 to deliver the VCCC in a public-private-partnership (PPP) project. As Australia’s first dedicated, state-of-the-art cancer research and treatment facility, the Centre was envisaged to save lives through the integration of research, education and patient care. The PPP project scope included the design, construction and commissioning of the VCCC facilities as well as their ongoing maintenance under a 25-year concession agreement. The completed Centre has 13 levels, 160 inpatient beds, 110 day beds and eight operating theatres, and can host up to 1,200 researchers. Plenary Health completed the VCCC on time and on budget at a total cost of AUD 1 billion and operations began seamlessly in June 2016.

Benjamin Haan, Partner, Head of Private Infrastructure Asia, Partners Group, states: “We are immensely proud of having supported the Victorian Government in realizing its innovative vision for the future of cancer care by delivering this critical social infrastructure project on time and within budget, alongside our consortium partners. With the facility now fully operational, and having received strong interest from potential buyers, Partners Group decided to divest its stake in this groundbreaking Centre ahead of the original investment plan to an experienced investor with a long-term investment horizon and a socially responsible investment remit.”

Partners Group continues to be a strong supporter of Australian PPP projects on behalf of its clients. In September 2014, it announced it was investing into the PPP project to build and operate the new Sydney Metro Northwest rail service for the New South Wales Government. In November 2016, the firm announced it would be investing in Melbourne’s High Capacity Metro Trains PPP, an AUD 2 billion project to deliver 65 trains to the State of Victoria.

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Litorina invests in Bergfalk

Litorina

Litorina V AB acquires a majority of the shares in Bergfalk, a leading Swedish distributor within fresh food with focus on meat, fish and shellfish. The company has a turnover of over SEK 500 million and offers high quality fresh food to restaurants in Sweden and Finland as well as to grocery retailers. Bergfalk’s former main owners and management will remain as significant owners going forward.

Bergfalk was founded in Stockholm in 1840 and has since grown its turnover to about SEK 550 million. Sweden is the dominant market for the company and in 2016, operations were also established in Finland. Bergfalk offers high quality fresh food to restaurants and grocery retailers, where the restaurant segment accounts for a clear majority of sales. The company has built a strong market position and a respected brand by offering expertise, product quality and refinement combined with local presence, speed, flexibility and good service levels.

“We are very proud of the fantastic growth Bergfalk has achieved in recent years. We have built a strong organisation with talented employees and a well-regarded brand and are looking forward to take the next step in the development by further strengthening our market position, both organically and through more acquisitions” says Lars Bengtsson, CEO and co-owner in Bergfalk. “It feels exciting to continue the journey in close partnership with Litorina and take advantage of their solid experience of building companies and their wide network of industrial advisors who can help us continue our rapid growth and take Bergfalk to the next level.”

“Bergfalk’s strong market position and customer focus combined with management’s proven ability to drive growth, both organically and through acquisitions, make the company an excellent platform for further development and continued expansion.” says Lars Verneholt, Partner at Litorina V Advisor AB, investment advisor to Litorina V AB. “Bergfalk is an exciting investment and we look forward to supporting management in driving the continued development of the company, not least through an intensified acquisition focus in a fragmented market.”

For further information, please contact:
Lars Verneholt, +46 733 86 92 07, Partner, Litorina V Advisor AB
Lars Bengtsson, +46 70 523 30 02, CEO, Bergfalk Group AB

  

Bergfalk was founded in 1840 and is a leading Swedish distributor within fresh food with focus on meat, fish and shellfish. The company offers high quality fresh food to restaurants in Sweden and Finland as well as to grocery retailers. Bergfalk has a turnover of about SEK 550 million and has c.140 employees with headquarters in Stockholm. For more information, please visit www.bergfalk.se.

Litorina, founded in 1998, focuses on acquiring and industrially developing companies together with their management teams. Litorina offers broad and deep expertise both via its own organization and through its network of industrial advisors. Litorina V Advisor AB serves as an investment advisor to the Swedish private equity fund Litorina V AB. For more information, please visit www.litorina.se.

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