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CapMan has established a MEUR 86 fund focusing on growth investments

CapMan has established a MEUR 86 growth investment fund that focuses on minority investments in unlisted companies with strong growth potential. The investors of the fund are, among others, successful entrepreneurs who want to support Finnish entrepreneurship in a new way. The investor demand for the fund has exceeded our expectations and the fund was clearly oversubscribed.

The successful fund raising demonstrates the investor appetite for active minority investments. CapMan Growth Equity team’s track record is strong, as demonstrated by strong value creation in eight portfolio companies and several successful exits. The newly established fund aims to invest MEUR 2-10 to the target company and develop it for 2-5 years together with the entrepreneur. Minority investing is a good option e.g. in a situation where there are ownership changes in the company or when the growth of the company can be accelerated by additional capital. Minority investing is targeted typically into companies that have passed the start-up phase.

In conjunction with the establishment of the fund CapMan sells its shares in six growth companies to the fund for MEUR 26.6 and makes a corresponding equity commitment into the fund. The sales price is based on the fair values of the investments and does not have a profit impact.

Juha Mikkola and Antti Kummu are two experienced private equity professionals who are responsible for the new fund’s investment activity. Mikkola has 25 years of experience in private equity. During his career he has helped to build dozens of successful companies. Kummu has extensive experience of both operative management and minority investments in growth stage and industrial companies. Kummu has previously acted as CFO of Touhula Varhaiskasvatus and as Director in Finnish Industry Investments.

“Minority investing is a new way to use external know-how to accelerate the growth of a company. We in the CapMan Growth Equity team closely co-operate with the entrepreneur and we also have support from a broad group of fund investors that possess unique know-how of developing and growing companies,” says CapMan Growth Equity team’s Managing Partner Juha Mikkola.

“Minority investing differs from traditional private equity investments as the entrepreneur maintains the majority ownership and decision-making power in the company, but still receives the know-how and financing from the investor that helps to grow the business further,” explains Antti Kummu, partner in CapMan Growth Equity team.

“I am very proud of our newly launched growth investment fund and of our Growth Equity team. We at CapMan create new products and investment strategies, which resonate with the market demand and meet the needs of our clientele in the best possible way,” says Joakim Frimodig, CEO of CapMan.

For further information, please contact:
Juha Mikkola, Managing Partner, Growth Equity, CapMan Plc, tel. +358 50 590 0522
Antti Kummu, Partner, Growth Equity, CapMan Plc, tel. +358 50 432 4486
Joakim Frimodig, CEO, CapMan Plc, tel. +358 50 529 0665 

CapMan
www.capman.com
twitter.com/CapManPE

CapMan is a leading Nordic investment and specialised asset management company. As one of the Nordic private equity pioneers we have actively developed hundreds of companies and real estate and thereby created substantial value in these businesses and assets over the last 28 years. CapMan has today 110 private equity professionals and manages €2.7 billion in assets. We mainly manage the assets of our customers, the investors, but also make direct investments from our own balance sheet in areas without an active fund. Our objective is to provide attractive returns and innovative solutions to investors and value adding services to professional investment partnerships, growth-oriented companies and tenants. Our current investment strategies cover Buyout, Growth Equity, Real Estate, Russia, Credit and Infrastructure. We also have a growing service business that currently includes fundraising advisory, procurement activities and fund management.   

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Arachas makes second acquisition since being backed by Sovereign

Sovereign Capital

Sovereign Capital, the UK private equity Buy & Build specialist, is pleased to announce that portfolio company Arachas Corporate Brokers (“Arachas”), a leading insurance brokerage operating in Ireland, has acquired Kidd Insurances (“Kidd”). This is the second acquisition Arachas has made since Sovereign backed the management buy-out of the business earlier this year and makes the group the third largest commercial insurance broker in Ireland. Sovereign will continue to work with the management team to further grow and develop the business through a strategy of Buy & Build. The transaction is subject to approval from the Central Bank of Ireland.

Kidd Insurances is one of Ireland’s longest established Insurance brokers serving both the retail customer and broker community with its specialist affinity insurance product range. The transaction closely follows Arachas’ acquisition of Capital Cover Group. The combined group will employ approaching 230 staff across its offices in Dublin, Cork and Waterford.

Neil Cox, Partner, Sovereign Capital commented: “We are delighted to have supported Arachas’ acquisition of Kidd which is a high quality, long established operator.  The transaction both develops the Group’s product offering and further consolidates its position in the Irish market. We look forward to working with the management team to further expand the Group.”

Donal Cronin, CEO of Arachas said: “We are delighted to have acquired Kidd. They mirror our philosophy of providing the very best in customer service and focus on niche Insurance solutions with their unique product range. In partnership with Sovereign, we will continue to develop the business through strong organic growth and further acquisitions of like-minded brokers.”

Other portfolio investments held by Sovereign in the financial services and insurance sectors include Kindertons, the nationwide provider of outsourced accident management services for motor insurers and insurance brokers. Since being backed by Sovereign, Kindertons’ revenue has tripled to over £150m.

For further information please contact: Julie Sieger, Sovereign Capital, on +44 (0)20 7340 8800 or email:juliesieger@sovereigncapital.co.uk

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Partners Group acquires 4 million square feet of US office space valued at over USD 1 billion

Partners Group

Partners Group, the global private markets investment manager, has acquired a total of 4 million square feet of office space in the US on behalf of its clients since the start of the year. This US office portfolio has a total acquisition value of over USD 1 billion.

In May, Partners Group acquired 100 Peachtree, a 33-story and over 622,000 square foot office tower located in Atlanta, Georgia. In June, the firm acquired Burns and McDonnell Plaza, a Class A office building in Houston, Texas, while in October, it acquired Island Center and Waterford Plaza, two Class A office buildings in Tampa, Florida. Most recently, Partners Group completed its acquisition of a 26-story, 403,000 square foot office tower located in Buckhead, Atlanta’s leading office submarket.

In addition, Partners Group recently completed the acquisition of a 2.2 million square foot portfolio of Class A office properties located in select suburban markets in Dallas, Chicago, Washington D.C., Austin and Boston via a tail-end liquidity transaction.

Partners Group will draw on its long track record of experience in real estate asset management to execute value-added business plans for the acquired properties in conjunction with local operating partners. Value creation initiatives will vary but will typically include increasing the buildings’ occupancy to market levels, renewing leases and upgrading amenities and common areas to meet the changing demand of current and future tenants.

Ron Lamontagne, Managing Director and Head of Private Real Estate Americas at Partners Group, comments: “In the US, our sourcing efforts in the office sector have been concentrated on finding properties in secondary CBD markets that are benefitting from corporate relocations, job growth and associated infrastructure improvements. These investments are in line with our over-arching strategy of acquiring high-quality assets in strong locations that could benefit from a repositioning, or other active property management and value creation initiatives to drive net operating income.”

Marc Weiss, Partner and Head of Private Real Estate Secondaries and Primaries at Partners Group, adds: “This substantial US office portfolio has been built by Partners Group’s ‘one team’ approach to real estate investing, which encourages dialogue between our direct, primary and secondary team members. Our approach emphasizes the importance of proprietary sourcing through our network of local asset owners, GPs and operators, in order to avoid the highly competitive auction processes that tend to characterize transactions in the core space and traditional secondaries market.”

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Blackstone Acquires a Majority Stake in Leading Data Classification Provider TITUS

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New York, New York, December 7, 2017 – Blackstone (NYSE: BX) today announced that funds managed by Blackstone Tactical Opportunities have acquired a majority share in TITUS, a leading provider of data classification and categorization solutions headquartered in Ottawa. Terms of the transaction were not disclosed.

Viral Patel, Managing Director at Blackstone Tactical Opportunities, said: “We are excited to combine Blackstone’s flexible capital and experience with TITUS market-leading solutions to continue to transform data-centric security. With data breaches at an all-time high, each day brings another example of the importance of protecting information.”

“Digital transformation and the cloud mean information increasingly travels outside of the corporate perimeter, and information security must now be based around the data itself,” said James Socas, Blackstone Executive Advisor. “TITUS solutions are a critical component of data-centric protection.”

Titus

TITUS is a leading provider of data classification and categorization solutions, with millions of users in over 70 countries worldwide. Its platform-agnostic solutions enable organizations to bridge multiple data security solutions prevalent in most large organizations to ensure documents and files are protected. TITUS solutions empower and enable employees to understand the value of critical data and how it must be handled. This is particularly important as compliance regulations, such as GDPR and NIST, raise the bar on data protection standards. TITUS has over 950 enterprise customers, including 3 of the top 25 global financial institutions and government and military organizations in 5 of the G7 countries.

“Since our inception in 2005, we have focused on data-centric security working with leading organizations around the world,” said Tim Upton, CEO and co-founder of TITUS. “Partnering with Blackstone will allow us to expand our geographic reach and to accelerate our innovation strategy with the backing of one of the world’s leading investment firms.”

TITUS was founded in 2005 and was bootstrapped until this investment by Blackstone.

AGC Partners served as financial advisor and Gowlings WLG served as legal advisor to TITUS.  Davies Ward Phillips & Vineberg LLP served as legal advisor to Blackstone.


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 over $385 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 a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

About Tactical Opportunities
Tactical Opportunities (Tac Opps) is Blackstone’s opportunistic investment platform.  The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities.  As part of the strategy, the team leverages the intellectual capital across Blackstone’s various businesses while continuously optimizing its approach in the face of ever-changing market conditions.

About TITUS
TITUS solutions enable organizations to discover, classify, protect, analyze and confidently share information. Organizations can use TITUS products to meet regulatory compliance requirements by identifying and securing unstructured data – on the desktop, on mobile devices, and in the cloud. Millions of users in over 120 countries around the world trust TITUS to keep their data compliant and secure. Its customers include Safran Morpho, United States Air Force, NATO, Pratt and Whitney, and Canadian Department of National Defence. Additional information is available at TITUS.com.

MEDIA CONTACTS:

Blackstone:
Paula Chirhart
+1-212-583-5011
paula.chirhart@blackstone.com

TITUS:
Sheri Zelle
+ 1 613-857-1725
sheri.zelle@titus.com

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Blokker Holding and Alteri Investors complete sale of Intertoys

Amsterdam, Mayfair (UK), December 4, 2017 – Blokker Holding and Alteri Investors finalised the latter’s acquisition today of Dutch toy retailer Intertoys (including all its Bart Smit and Toys XL stores), making Alteri the retailer’s new owner. The competition authorities have granted the required authorisation and the recommendation process by the Works Councils has been completed. No further details will be disclosed regarding the size of the transaction.

This transaction is in line with the strategic reorientation previously announced by Blokker Holding. Alteri Investors regards the acquisition of the Intertoys chain as a valuable addition to its portfolio and intends to use all its experience, knowhow and capital to further transform Intertoys into a customer-centric omnichannel retail business.

About Intertoys

Intertoys – founded in 1976 in Gouda – operates around 500 stores (including more than 100 franchise) across the Netherlands, Belgium, Germany and Luxemburg, with one or more webshops in each country. Intertoys has implemented several modernisation and restructuring activities. In 2015 Blokker Holding announced the integration of the Intertoys and Bart Smit head offices and the instalment of one single management team for both retail brands. In June 2016 Blokker Holding announced the full integration of Intertoys, Bart Smit and Toys XL into one single brand: ‘Intertoys’. The conversion of Bart Smit stores to the Intertoys brand has now been completed in the Netherlands with the exception of 13 stores in the Netherlands and the Bart Smit stores in Belgium. Toys XL stores will be converted to Intertoys before the end of the year. Ahead of this year’s peak season, Intertoys will also implement several innovating omnichannel propositions and improvements to its online platforms. The majority of stores are located in the Netherlands. Intertoys has more than 4,000 employees and recently introduced several pilot stores in the Netherlands.

About Blokker Holding

Blokker Holding is a retail company focussing on household goods and toys. Blokker Holding currently has five retail formulas (Blokker, Big Bazar, Xenos, Maxi Toys and Marskramer) with more than 1,370 stores in eight countries and circa 14,000 employees. On 16 May 2017, Blokker Holding announced its decision to focus entirely on the Blokker retail chain in the Netherlands and Belgium and to sell the company’s other retail companies Xenos, Leen Bakker, Intertoys, Maxi Toys and Big Bazar. Retail chain Marskramer will continue as a franchise format and wholesale organisation. In July 2017 Blokker Holding completed the sale of Leen Bakker to Gilde Equity Management. Nextail, the online organisation servicing all of Blokker Holding’s retail companies, continues to service Leen Bakker and Intertoys through service level agreements. More information: www.blokkerholding.nl.

Contact

Blokker Holding

media@blokkerholding.nl,
Sandra Maas

+ 31 (0)20 358 90 33

Alteri Investors

The Netherlands

SPJ Financiële & Corporate Communicatie,
Kees Jongsma, Wim Moerkerk
+ 31 (0)20 647 8181

UK

Maitland

Tom Eckersley
+44 (0)207 379 5151

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EQT Real Estate expands French portfolio with 13,600 sqm office investment in Paris

eqt

  • EQT Real Estate’s third acquisition in Paris – a 13,600 square metre office property for a price in excess of EUR 70 million
  • The property, located in the 13th arrondissement, offers attractive value add opportunities through partnerships with existing tenants and the potential to upgrade in future
  • The investment represents EQT Real Estate’s sixth investment to date

The EQT Real Estate I fund continues to invest in established European office markets and today announces the acquisition of a multi-let office property located at Rue du Chateau des Rentiers in Paris. The seller is an affiliate of Jerusalem Economic Corporation, an Israeli stock exchange company.

The 13th Arrondissement is an attractive mature area predominantly occupied by French and international institutional tenants. The site is within close proximity to key Metro lines and the area has benefitted from strong investment in recent years. The asset, built in 1987, comprises of 13,600 square metre of office and storage space, a corporate restaurant and 245 parking spaces. The property is fully let to tenants at competitive rents.

Olivier Astruc, Director at EQT Partners and Investment Advisor to EQT Real Estate I, says: “Rue du Chateau des Rentiers presents a rare opportunity to upgrade an historic office site in an attractive inner Paris location. This acquisition further underpins our investment strategy to deliver grade A assets fit for modern occupiers and institutional investors”.

Robert Rackind, Partner and Head of EQT Real Estate at EQT Partners and Investment Advisor to EQT Real Estate I continues: “The Rue du Chateau des Rentiers investment is exactly what EQT Real Estate is all about – underinvested assets in European gateways cities with several value add angles. We see more opportunities than ever for the fund to continue on this successful track and take advantage of the sustained global demand and local needs that exists in these markets”.

EQT Real Estate I was advised on the acquisition by investment advisors Syzygy Advisors, notaries Lasaygues & Associés, acquisition and debt lawyers Ashurst, structuring advisors Arsene Taxand, capital market advisors Savills, technical advisors JLL Project & Development Services and project managers (AMO) Builders & Partners. Etoile Property Management will be property manager for the asset. Aareal Bank financed the acquisition and was advised by notaries Allez and lawyers De Pardieu Brocas Maffei. The vendor was advised by its asset manager Etoile Property Services and by Maitre Virginie Jacquet, 1768 Notaires.

Contacts

Olivier Astruc, Director at EQT Partners, Investment Advisor to EQT Real Estate I , +44 20 8432 5426

Robert Rackind, Partner and Head of EQT Real Estate at EQT Partners and Investment Advisor to EQT Real Estate I, +44 207 430 5555

EQT Press Office +46 8 506 553 34

About EQT

EQT is a leading alternative investments firm with approximately EUR 37 billion in raised capital across 24 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 Real Estate I

EQT Real Estate I will seek to make direct and indirect controlling investments in real estate assets, portfolios and operating companies that offer significant potential for value creation through repositioning, redevelopment, refurbishment and active management. The investments will typically range between EUR 50 million and EUR 200 million. The fund is advised by an experienced team from EQT Partners, with extensive knowledge of property investment, development and intensive “hands-on” asset management, and with access to the full EQT network, including 10 European offices and more than 250 industrial advisors.

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Moda Operandi secures $165 million in growth capital co-led by Adrian Cheng and Apax Digital

Apax Digital

New York, NY December 6, 2017 – Moda Operandi, the first online luxury retailer to provide consumers access to full collections straight from the runway, today announces the completion of $165 million in growth capital to fuel continued international growth and increased development across several key business verticals. The new round was co-led by Adrian Cheng (through his investment vehicles – C Ventures and K11 Investment), whose family businesses include Chow Tai Fook Jewellery, New World Development, Rosewood Hotel & Resorts and K11; and Apax Digital, a new growth capital fund advised by the global private equity firm Apax Partners. Existing investors include New Enterprise Associates, LVMH and Fidelity, among others.

This significant new round of funding confirms investors’ confidence in the continued global expansion of Moda Operandi’s unique business model, and will support the acceleration of its international business with particular focus in key markets including Asia and the Middle East. Since their last round of funding in 2014, the business has increased by more than 3.5x, with international markets now representing more than one-third of total demand as led by Asia and the Middle East. Expansion of Moda Operandi’s showroom concept and stylist program will aid in continued international growth as the high-touch client services complement the high-tech business approach.

Additionally, the new funds will be used for key categories expansion and the launch of new businesses. The funding will also accelerate improvements in mobile technology, advancements in customization, personalization, and internationalization. Lastly, the funding is to support Moda Operandi’s strategies across marketing, customer acquisition programs as well as further develop the existing brand portfolio and expand new brand relationships.

Speaking on the occasion of the announcement, Moda Operandi’s CEO, Deborah Nicodemus, said: “Moda Operandi is the only multi brand e-commerce site where the shopping experience is dedicated to elevating the brand’s digital presence. Our continued success demonstrates the strength of our business, and gives new and existing investors the confidence in our capacity to pursue tremendous global growth. We look forward to continuing the momentum behind the transformation of the online luxury experience for our global clients. Through the leadership of the Moda team, and the bench strength of our existing investors coupled with the new partnership of Adrian Cheng and Apax Digital, we are defining the future of luxury ecommerce.”

Dan O’Keefe, Managing Partner of the Apax Digital team, said: “We are delighted to partner with Moda to help accelerate this next phase of its growth. We have been so impressed with the power of Moda’s brand and its positioning in the luxury market. Our partnership further confirms our commitment to growth within the luxury digital arena. We believe our unique operating capabilities and global platform can help drive the business even further and accelerate its international presence.”

Adrian Cheng, Co-Founder of C Ventures and Founder of K11 Investment, said: “I am hugely excited about Moda Operandi as an investment prospect. Its business model is cutting edge, with a curated customer experience that has a lot of potential within C Ventures’ and K11 Investment’s networks of brands, which collides the worlds of fashion, creative media and art to service millennial consumer interests in the global market. I’m looking forward to seeing how the brand grows and taps into this big business opportunity.”

Launched in February 2011, Moda Operandi to date has raised over $132 million in funding ahead of this round.

About Moda Operandi
Moda Operandi is the only place to preorder looks straight from the unedited runway collections of the world’s top designers months before they are available anywhere else. But for those who just can’t wait, Moda Operandi’s Boutique offers an expertly curated selection of in-season items from both established and emerging designers, ready to ship now. In homage to the history of couture, Moda Operandi offers a bespoke shopping experience that includes unprecedented access to your favorite designers, hand selected recommendations from personal stylists, and access to haute couture. Moda Operandi has established a retail renaissance where the time-honored institution of luxury meets an innovative point of view on fashion. For more information visit www.modaoperandi.com.

About Adrian Cheng
Entrepreneur Adrian Cheng is the Founding Partner of C Ventures, a new investment fund focused on building a global ecosystem of Millennials and Gen Z-centred brands and platforms. Cheng also founded K11, a multi-faceted brand rooted in culture that pioneered the museum-retail concept. The Harvard Graduate is also the Executive Director of Chow Tai Fook Jewellery Group, the world’s largest jeweller with over 2,400 shops worldwide. Cheng is the Creative Advisor of arts video channel Nowness and has recently forged a collaboration with tech giant Tencent to expand its co-working space concept outside of Mainland China.

About Apax Digital
Apax Digital is a $1 billion fund raised in 2017 focused on minority and buyout investments in high-growth enterprise technology and internet companies globally.  Advised by Apax Partners, a global private equity firm, Apax Digital’s investments are focused on subsectors where Apax Partners has expertise, including vertical software, data & analytics, tech-enabled services, marketplaces, digital media, and disruptive e-commerce. For further information about Apax Digital, please visit http://digital.apax.com.

Over its more than 35-year history, Apax Partners has raised and advised funds with aggregate commitments of $51 billion*. These funds provide long-term equity financing to build and strengthen world-class companies. For further information about Apax Partners, please visit http://apax.com.

* Funds raised since 1981, commitments converted from fund currency to USD at FX rates as at 30 September 2017.

Media Contacts 

Moda Operandi
Christine Kapp | + 1 646.627.7281 | Christine.Kapp@modaoperandi.com

Adrian Cheng / C Ventures / K11 Investment
Ellie Spicer | +44 (20) 3003 6487 | ellie.spicer@freuds.com
Hep Kwakye-Saka | +44 (20) 3003 6482 | hep.ksaka@freuds.com

Apax Partners / Apax Digital
Global Media: Andrew Kenny, Apax | +44 20 7 872 6371 | andrew.kenny@apax.com
USA Media: Todd Fogarty, Kekst | +1 212 521 4854 | todd.fogarty@kekst.com
UK Media: Matthew Goodman, Greenbrook | +44 20 7952 2000 | mgoodman@greenbrookpr.com

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Apax Partners closes $1 billion tech-focused growth fund, Apax Digital

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Apax Digital

Launch of Apax Digital, a new global fund focused on minority and buyout investments in leading, growth-stage technology companies

Successful fundraise reflects Apax’s high-quality team, long-standing success in the technology sector, and its global platform

New York and London, 6 December 2017 – Apax Partners LLP (“Apax”), a leading global private equity advisory firm, today announced the successful final close of its Apax Digital fund (“Apax Digital” or “the Fund”) at its $1 billion hard cap, exceeding the initial $800 million target. Apax Digital also announced separately today that it has made its first investment in Moda Operandi, a leading ecommerce business offering luxury goods from the world’s top designer brands.

Apax Digital will make minority and buyout investments in high-growth enterprise technology and consumer internet companies globally.  Investments will be concentrated in subsectors where Apax has ample proven expertise, including vertical software, data and analytics, tech-enabled services, marketplaces, digital media, and disruptive e-commerce.  The Fund targets individual equity investments of $30 million-$150 million, with the ability to complete larger investments alongside its limited partners. The Apax Digital fundraise follows the successful close of Apax IX in December 2016 at its hard cap of $9 billion.

Apax Digital is advised by a dedicated 14-person team, based in New York and London. This team, which is comprised of experienced technology investment and operating specialists, is co-led by Marcelo Gigliani and Daniel O’Keefe. Marcelo joined Apax in 1999 and has been a Partner focused on investments in digital businesses, including Trader Corporation, Dealer.com, and Idealista. Dan re-joined Apax in 2016 from Technology Crossover Ventures, where he was a Partner focused on investments in digital businesses, including Spotify, VICE Media, and Rent the Runway. The Apax Digital team comprises longstanding Apax investors as well as new hires from leading technology investment firms, including Insight Venture Partners, Summit Partners, TA Associates and Technology Crossover Ventures.  In addition, Mark Beith, an accomplished technology investor from Silver Lake, joins in January as a Managing Director to lead the Apax Digital London team.

Marcelo Gigliani, Managing Partner of the Apax Digital team, commented: “Apax Digital is a natural extension of Apax’s proven strength in driving robust growth in leading tech companies worldwide. By combining a best-in-class investment team with the resources of the global Apax platform, we can better identify and accelerate meaningful operating value creation in the companies with which we partner.”

Daniel O’Keefe, Managing Partner of the Apax Digital team, continued: “As the technology industry has become one of the most important contributors to global growth, we see an opportunity to back its market leaders in achieving their next phase of development. We’re excited to bring all of Apax Partners’ substantial global capabilities to the growth equity market, and to our partner companies.”

Mitch Truwit, Co-CEO of Apax Partners and Chairman of the Apax Digital strategy, commented: “We are delighted with the strong investor support and believe it is a recognition of the calibre of the digital team we have built, Apax’s successful track record in technology investing, and the ability to leverage the global Apax platform. The new fund complements the main buyout fund, Apax IX, allowing us to work with smaller growth businesses in sub-sectors Apax understands well and in geographies where Apax has a presence.”

Previous technology and digital investments by Apax Funds include: Auto Trader Group and Trader Corporation, the largest online automotive marketplace and software solutions providers in the UK and Canada, respectively; Duck Creek, a leading US-based provider of property and casualty insurance software; King, the leading global mobile games company; Evry AS, the leading Nordic IT services business; and Sophos, the leading UK-based IT security and data protection provider. Since 2003, Apax Funds has invested over $10 billion in 35 leading technology and digital companies across growth and buyout stages.

For further information on Apax Digital please see: http://digital.apax.com.

About Apax Partners
Apax Partners is a leading global private equity advisory firm. Over its more than 35-year history,

Apax Partners has raised and advised funds with aggregate commitments of $51 billion*. Apax Partners’ Flagship Funds invest in companies across four global sectors of Tech and Telco, Services, Healthcare and Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For further information about Apax Partners, please visit http://apax.com.

About Apax Digital
Apax Digital is a $1 billion fund raised in 2017 focused on minority and buyout investments in high-growth enterprise technology and internet companies globally. Advised by Apax Partners, Apax Digital’s investments are focused on subsectors where Apax Partners has expertise, including vertical software, data & analytics, tech-enabled services, marketplaces, digital media, and disruptive e-commerce. For further information about Apax Digital, please visit http://digital.apax.com.

* Funds raised since 1981, commitments converted from fund currency to USD at FX rates as at 30 September 2017.

Contacts: 

Andrew Kenny, Head of Communications
Apax Partners
Tel: +44 20 7872 6371
Email: andrew.kenny@apax.com

Media Enquiries – EMEA
Matthew Goodman, James Madsen or Annabel Clay
Greenbrook Communications
Tel: +44 20 7952 2000
Email: apax@greenbrookpr.com

Media Enquiries – The Americas
Todd Fogarty
KEKST
Tel: +1 212 521 4854
Email: todd.fogarty@kekst.com

 

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Acquisition of Numafa

Anders Invest

Anders Invest has completed its ninth acquisition by acquiring 70% of the shares in Numafa in Heinenoord (NL). The shares were bought from the two directors and shareholders. Director Ton Bervoets will leave the company at the end of 2017. Hans Andeweg remains as general manager and will keep an important minority stake in the company. 

In addition to Numafa, Van Rennes Industrial Automation (VRIA) is also part of the acquisition. There are branches in Germany and Italy. Numafa is a top 3 player worldwide in the production and sale of systems for cleaning reusable crates and pallets. These plastic crates and pallets are increasingly being used in the food processing industry. The company designs and assembles the cleaning lines, which process many thousands of crates per hour at high speed. The company has a broad international customer portfolio and counts large supermarket and fast food chains as its customer base. VRIA develops the automation and software for controlling the Numafa systems and also provides similar services to third parties.

Numafa 

The company has grown rapidly in recent years and sees sufficient opportunities to continue this growth. Reusable crates for food are on the rise and the demands on cleaning are increasing. Numafa wants to stay ahead by continuing to invest in automation and sustainability. Anders Invest looks forward to the collaboration and looks with admiration at the management and the approximately 100 employees who have built up a stable company with a reliable name.

 

Theo van Stuijvenberg will be in the Investment Manager of the company.

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ALTIN – Decision to delist

Altin

Zug, 5 December 2017 – ALTIN Ltd. (SIX: ALTN)

Altin Ltd. («Altin») has requested – in connection with the planned squeeze-out merger with Absolute Invest Ltd. («Absolute Invest») – the delisting of its registered shares from SIX Exchange Regulation.

SIX Exchange Regulation granted this application subject to the approval of the merger by the extraordinary shareholders’ meeting of Altin on 18 December 2018 and the subsequent entry in the Commercial Register of the Canton of Zug. The last trading day of the Altin share and the day of its delisting shall be determined by SIX Exchange Regulation in consultation with Altin as soon as the extraordinary shareholders’ meeting has approved the merger, and this has been entered in the Commercial Register of the Canton of Zug.

SIX Exchange Regulation will publish its decision during the day.

For further information, please contact:

Thomas Amstutz
Tel. +41 (0)41 760 6257
info@altin.ch

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