Category Archives: News

– ONCAP Acquires Precision Global –

Onex

– ONCAP Acquires Precision Global –
Toronto, Ontario and Greenville, South Carolina August 7, 2018 – ONCAP today announced it has acquired Precision Global (“Precision”), a leading global manufacturer of dispensing solutions. Terms of the transaction were not disclosed.
Founded in 1949, Precision’s dispensing solutions include more than 12,000 SKUs, which are sold into end markets such as personal care, household, food & beverage, industrial and pharmaceutical. Its products include aerosol valves, actuators, pumps, caps and related aerosol accessories, custom closures and other specialty dispensing solutions. The company is the largest supplier of valves in the world selling more than four billion annually and also produces and sells two billion actuators annually. Headquartered in Greenville, South Carolina, Precision employs more than 1,500 people across 18 facilities in 15 countries and six continents.
“Precision serves a growing market with high-quality, reliable and innovative products that are critical to its customers and end users.” said Ryan Mashinter, a Managing Director with ONCAP. “We are excited to partner with Precision’s management team to accelerate the company’s growth both organically and through acquisitions for years to come.”
“ONCAP’s strong investment track record and deep experience in the packaging industry, makes it an ideal partner for us,” said Mario Barbero, Chief Executive Officer of Precision. “Together, we’ll continue to invest in our business with an ongoing focus to be the best in class global supplier of quality, service and innovation in all regions.”
ONCAP IV invested approximately $111 million, of which Onex Corporation’s (TSX: ONEX) share was $44 million as a limited partner in the Fund.

About ONCAP
ONCAP is the mid-market private equity platform of Onex. In partnership with operating company management teams, ONCAP invests in and builds value in North American headquartered medium-sized businesses that are market leaders and possess meaningful growth potential. For more information on ONCAP, visit its website at www.oncap.com.

Onex is one of the oldest and most successful private equity firms. Through its Onex Partners
and ONCAP private equity funds, Onex acquires and builds high-quality businesses in
partnership with talented management teams. At Onex Credit, Onex manages and invests in
leveraged loans, collateralized loan obligations and other credit securities. Onex has more than
$32 billion of assets under management, including $6.7 billion of Onex proprietary capital, in
private equity and credit securities. With offices in Toronto, New York, New Jersey and London,
Onex and the team are collectively the largest investors across Onex’ platforms. Onex shares
trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on
Onex, visit its website at www.onex.com.
About Precision Global
Founded in 1949 by the inventor of the aerosol valve, Precision Global is one of the world’s
leading producers of aerosol valves, custom actuators and other dispensing solutions for a variety
of end markets, including personal care, household, food & beverage, industrial and
pharmaceutical. Based in Greenville, South Carolina, the Company operates a multinational
network of facilities spanning fifteen countries on six continents. For more information on
Precision Global, please visit www.precisionglobal.com.
For further information:
Onex
Emilie Blouin
Director, Investor Relations
Tel: 416.362.7711
Precision Global
Thomas Schmidt
Director Marketing and Product Development
thomas.schmidt@precisionglobal.com
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Bellrock awarded a place on Crown Commercial Services Framework

Horizon Capital

Horizon backed technology-enabled facilities management (FM), Bellrock, has been awarded a place on the Crown Commercial Services’ (CCS) Facilities Management Marketplace Framework Contract. The CCS has created the framework so government departments can benefit from a pre-selected group of suppliers offering the ‘Most Economically Advantageous Tender’ (MEAT).

Bellrock has been awarded the place for two of the three sub lots, Lot 1a and Lot 1b for the supply of facilities management services. Drawing on significant experience in the public sector from local authorities to central government, schools and healthcare facilities, the Bellrock team has developed solutions for the framework based on an integrated service model underpinned by our unique Concerto software platform.

“Being awarded a place on the new CCS framework provides us with a platform to grow our share of the pubic sector market with our workplace and compliance services. This is a significant opportunity for the business, following on from the award of a place last year for our software company Concerto, on the CCS G-Cloud framework,” said David Smith, CEO, Bellrock.

Categories: News

NCP IV sells Totalreform

Reiten

Nordic Capital Partners IV AS has sold its stake in Totalreform AS to First Mover Group AS (FMG), an industrial company within the office relocation space in Scandinavia. The transaction was closed in Q2 and we are pleased that Totalreform now has found a new home with one of its industry peers.

Since Totalreform was separated from NEAS in 2015, the company has made several improvements and now has a solid base for further growth and continued delivery of their services.

Totalreform will complement FMG both through competence and geographic location. In our opinion, this is a good solution for both shareholders and all other stakeholders in Totalreform.

NCP IV has received a settlement for their shares and the shareholder loan from the buyer.

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AURELIA (GAVIO GROUP) and ARDIAN signed the framework agreement for the development of a strategic partnership in the infrastructure sector

Ardian

Tortona (Al), Paris, August 3, 2018 – Aurelia S.r.l. (“Aurelia”), the financial holding company of the Gavio family, and Ardian, a world-leading private investment house also active in the infrastructure sector (“Ardian”), signed today the framework agreement (the “Framework Agreement”) in order to develop a strategic partnership aimed at strengthening the ASTM/Sias Group in the infrastructure sector.

The Framework Agreement provides for the acquisition by Ardian of a minority stake, equal to 40% of the share capital of Nuova Argo Finanziaria S.p.A., a company that holds a 58.56% stake in ASTM S.p.A., which itself holds a 63.41% stake in SIAS S.p.A.

Following the transaction, Aurelia will maintain the full and exclusive control of Nuova Argo Finanziaria S.p.A. and in turn on both ASTM S.p.A. and SIAS S.p.A.

Ardian’s total investment for the acquisition of a 40% stake of Nuova Argo Finanziaria S.p.A., amounts to EUR 850.1 million, of which EUR 95 million as earn-out in favour of Aurelia upon the occurrence of specific conditions.

The strategic partnership between Aurelia and Ardian aims at strengthening the role and competitiveness of Gavio Group as global player in the infrastructure sector, focused on growth, international expansion and on value creation for all stakeholders, and able to successfully seize major opportunities in Europe, Latin America and the United States.These regions are characterized by important consolidation opportunities in the transport infrastructure, as well as by significant investments and projects in the road and motorway concessions sector.

Ardian Infrastructure, already partner of the Gavio Group with a 49% stake in Autovia Padana, is a leading European investor in the infrastructure and motorway concessions sector with investments in France, Spain, Portugal and, more recently, Italy. In the transport sector, Ardian has invested in airport concessions (Milan, Naples, Turin and London Luton Airport) and car parks (Indigo).

The closing of the transaction is expected to occur in the upcoming months and it is subject to the authorizations by the Brazilian and Austrian antitrust authorities.
At closing, Aurelia and Ardian will enter into a shareholders’agreement (attached to the Framework Agreement) regulating, among other things, the governance and transfers of shares of Nuova Argo Finanziaria S.p.A., ASTM S.p.A. and SIAS S.p.A., the content of which will be disclosed to the market pursuant to article 122 of t.u.f.

LIST OF ADVISORS

Aurelia – Legal advisor: Chiomenti
Ardian – Legal advisor: Bonelli Erede

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$71bn managed or advised in Europe, the Americas 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 500 employees working from fourteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo). It manages funds on behalf of around 700 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Ardian on Twitter @Ardian
www.ardian.com

ABOUT GAVIO GROUP

The Gavio Group is one of Italy’s top industrial groups and a prominent global operator in the transport infrastructure sector.
Through its subsidiaries Astm and Sias, industrial holding companies whose shares are traded on the Borsa Italiana market, the Group operates in the sectors of the management of motorway concessions, of the EPC Contractor (Engineering, Procurement & Construction), and of the technology applied to mobility.
As at the date hereof, the Group is the world’s fourth operator in the management of motorway concessions with around 4,150 kilometres of network under concession in countries such as Italy (in which the Group is the main operator in the North-West with around 1,423 kilometres of network), Brazil (in which the Group operates through Ecorodovias, a co-controlled company, with a network of around 2,640 kilometres) and the United Kingdom.
In the EPC Contractor sector, the Group operates through Itinera, one of the world’s biggest players in the realization of major infrastructure works. With an order book of more than EUR 4 billion, the Company operates in the United States by holding a controlling stake in Halmar International, one of the top five companies in the metropolitan area of New York in the transport infrastructure sector, in Latin America, Europe, Africa and the Middle East.
https://www.gruppogavio.it/en/

PRESS CONTACTS

GRUPPO GAVIO
Moccagatta Associati
Tel: +39 02. 86.45.16.95/ 02.86.45. 14.19
segreteria@moccagatta.it

ARDIAN
Image Building
Cristina Fossati, Luisella Murtas, Anna Pirtali
Tel: +39 02 89011300
ardian@imagebuilding.it

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Ploeger Oxbo strengthens shareholder base through investment NPM Capital

NPM Capital

Ploeger Oxbo Group has attracted a new major shareholder. NPM Capital is the strong financial partner that the manufacturer of specialty agricultural equipment has been looking for to support its long-term growth strategy. This strategy is aimed at bolstering innovation and product development to further strengthen Ploeger Oxbo’s leading position in its worldwide niche markets. The transaction file has also been submitted to the required Competition Authorities.

Ploeger Oxbo’s roots go back to the 1950’s. The group was formed in 2011 in a merger between Netherlands-based Ploeger and US-based Oxbo. Over the past decades, the companies have expanded rapidly as a result of autonomous growth and acquisitions. From a strong position in harvesters for corn, beans and peas the product range has been expanded to equipment for crops like potatoes, berries, coffee, olives and grapes and to self-propelled windrow mergers, sprayers and fertilizer applicators. Ploeger Oxbo has a leading position in these niche markets and operates in forty countries on all continents. Over the past months both Ploeger Oxbo and NPM Capital have developed a shared vision on the strategic direction of the company.

“This company has a strong entrepreneurial spirit”, say Gary Stich and Niels Havermans, both Board members at Ploeger Oxbo. “The fact that the founders of the group in 2011, both private as well as three Dutch investment companies (Synergia Capital Partners, VDL Participatie and via Bolster Investment Partners), will participate in the future shows a great level of confidence in the markets we are in as well as the strategic direction of the company. Together we have decided to sell 40 percent of our holdings to a powerful financial partner who shares our values and focus on long-term development and can support add-on acquisitions.”

The participation in Ploeger Oxbo Group fits NPM Capital’s focus on the agri-tech sector, says Rutger Ruigrok, managing partner of the investment company. “Ploeger Oxbo creates innovative solutions for the agricultural sector that needs new technologies to be able to feed a fast-growing world population. It is a company with both great social value and strong growth potential – exactly what we are looking for.”

Ploeger Oxbo was advised by Nielen Schuman (financial) and DLA Piper (legal). NPM Capital was advised by Rabobank and Vondel Finance (financial) and Nauta Dutilh (legal).

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Teamleader raises $22 million in Series-C funding round

Fortino Capital

Teamleader, known for its SaaS platform for CRM, project management and invoicing, announced today that it has closed a Series C funding round of $ 22 million (18,5M EUR). The company will use the new capital to sustain its international growth and accelerate its product roadmap. This growth will come from increasing the adoption of Teamleader among SMEs, its primary target clientele. An important growth driver will be the Marketplace of the software, which will be further expanded and localized to reach 1.000 integrations.

The Series C round was led by a new investor, London-based Keen Venture Partners. Existing investor Fortino Capital & Sage Capital, which led Teamleaders A and B Series, and new investor PMV also joined the round. Alexander Ribbink, General Partner of Keen Venture Partners: “Teamleader had been on our radar for a while now. Their track record up until now is impressive, and we admire the entire team’s drive. Keen VP will back up its financial support with human capital, providing expertise and access to our network wherever and whenever we can.”

Multiple international investors are a good sign, according to Teamleader CEO Jeroen De Wit: “The fact that we gathered this substantial amount from multiple international venture capitalists is a major vote of confidence for Teamleader as a company, and proof of the international traction this company has been gaining.”

“SMEs are no longer afraid of digitization”

Software scale-up Teamleader was founded 6 years ago. It has since completed Series A and B funding rounds. Across all rounds, a total of €14 million was invested into the software scale-up. Today, Teamleader serves nearly 10,000 customers in 6 countries, mostly small and medium-sized enterprises. They use Teamleader for CRM purposes and digitized project management and invoicing. In 2017, Teamleader users issued 1.4 million invoices for a total amount of almost € 2.5 billion. According to CEO De Wit, the capital raise will allow Teamleader to continue increasing the added value of its software for SMEs: “SMEs are no longer afraid of digitization, and are using more and more business software to their advantage. These tools need to work side by side as one, in integrated systems, for SMEs to get maximum value out of them. That’s why we continue to invest in our Marketplace, which offers integrations with many different tools that can work seamlessly together with Teamleader.”

1,000 apps in the Teamleader Marketplace

Teamleader’s growth is surfing on the rise of SMEs in Europe, over 23 million in Europe. They represent a continuously increasing share of the economy, as SMEs’ value added to the EU economy is expected to rise by 3.8 % in 2018. Generally, European SMEs are predicted to outperform large non-financial corporations. Teamleader is working hard to localize its platform, to meet the needs of their target customers in different geographic markets. This means, among other things, investing in a Marketplace where users can find their favorite cloud applications, that they can use in combination with Teamleader. The Teamleader Marketplace includes ‘local’ apps that are popular in specific European markets. Last May, Teamleader launched an ‘Integration Fund’ of 1M EUR for developers to integrate with the platform – to which already 80 developers applied and the marketing place has currently close to 200 integrations.

Accelerating the product roadmap

Teamleader’s product & engineering teams are expected to double in size by next year to accelerate the product roadmap. Teamleader will double down on multi-local approach, and will finetune the product for country-specific needs. Duco Sickinghe, Chairman of Teamleader and managing partner, Fortino Capital: “Fortino likes to invest in exceptional leadership teams that have the ambition to transform entire industries. With Teamleader, we saw the potential very early on, and we strongly believe in it. We look forward to see Teamleader continue its impressive growth trajectory – and ultimately, to see it transform the way European SMEs work.”

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Agreement signed with Thomas Meyer for the sale of Eurazeo’s stake in Desigual

Eurazeo

Paris, August 2, 2018 – Eurazeo announces today that it has signed an agreement with Thomas Meyer,
the founder and controlling shareholder of Desigual, the Spanish apparel retailer, to sell him its 10% stake
in the company.

Since its investment in 2014, Eurazeo has strongly supported the strategic transformation of Desigual
through the promotion of a new brand image, its digital channel, the expansion in Latin America, the
optimization of the distribution network as well as through a strengthening of the company’s governance.
After four years of mutual cooperation, the joint owners have decided that, given the market environment
and their respective timeframes and objectives, it is in their and Desigual‘s best interests that Thomas
Meyer become the company’s sole shareholder.
This sale will generate net proceeds of €141.9 million for Eurazeo and its investment partners, and €105.7
million for Eurazeo’s stake representing a return on its initial investment of 0.5x.
***
About Eurazeo
o With a diversified portfolio of over €16 billion in assets under management, including over €10 billion from
investment partners, Eurazeo is a leading global investment company with offices in Paris and Luxembourg,
New York, Shanghai and Sao Paulo. 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 investment divisions – Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo
Patrimoine and Eurazeo Brands – and through three Idinvest business divisions: Venture Capital, Private
Debt and Dedicated Portfolio & Funds. 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.
o Eurazeo is listed on Euronext Paris.
o ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

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DIF Infrastructure III sells Islip and Springhill solar plants

DIF

London, 2 August 2018 – DIF Infrastructure III is pleased to announce that it has signed and closed the sale of a 100% stake in the Islip and Springhill solar plants to Greencoat Solar Assets II Limited.

Islip and Springhill are two 5MW solar plants located in UK. Both plants have been operational since 2011 and were acquired by DIF in 2013. The projects were refinanced in June 2017.

Andrew Freeman, Head of Exits, said: “This is an attractive exit for DIF III and continues DIF’s successful strategy of proactively targeting to sell assets from its more mature funds taking advantage of strong demand for high quality core infrastructure projects.”

DIF were advised by Elgar Middleton (Finance) and Pinsent Masons (Legal).

Greencoat was advised by PWC (Tax), Eversheds Sutherland (Legal) and Evergy (Technical).

About DIF
IF is an independent infrastructure fund manager, with €5.6 billion of assets under management across seven closed-end infrastructure funds and several co-investment vehicles. DIF invests in greenfield and brownfield infrastructure assets located primarily in Europe, North America and Australasia through two complementary strategies:

  • DIF Infrastructure V targets equity investments in public-private partnerships (PPP/PFI/P3), concessions, regulated assets and renewable energy projects with long-term contracted or regulated income streams that generate stable and predictable cash flows.
  • DIF Core Infrastructure Fund I targets equity investments in small to mid-sized infrastructure assets in the energy, transportation and telecom sectors with mid-term contracted income streams that generate stable and predictable cash flows.

DIF has over 100 professionals in eight offices, located in Amsterdam, Frankfurt, London, Luxembourg, Madrid, Paris, Sydney and Toronto. Please see www.dif.eu for further information on DIF.

For more information please contact:

Andrew Freeman
Managing Director, Head of Exits
Email: a.freeman@dif.eu

Barend Bloemarts
Director, Investor Relations and Business Development
Email: b.bloemarts@dif.eu

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CVC Asia Fund IV announces investment in RKE

RKE is a leading toll road operator in China

CVC Capital Partners (“CVC”) is pleased to announce that CVC Asia Fund IV has entered into binding agreements to invest the USD equivalent of HKD 2,000,000,000 (subject to adjustment) of new capital for 25% in RKE International Holdings Limited (“RKE”). RKE is a subsidiary of RKI, a Hong Kong listed property development and infrastructure conglomerate.

RKE is a leading toll road operator in China with a portfolio of five expressways spanning 340km and strategically located in important economic corridors across four provinces.

William Zen, Chairman of RKE, said: “Today is an important milestone in the further development of RKE. CVC Capital Partners is a leading global private equity firm with an outstanding regional network and track record, and we are confident that this partnership will help us further our expansion opportunities in China and across South East Asia.”

Kevin Xu, Managing Director at CVC, added: “RKE is a leading toll road operator with a strong portfolio and good growth prospects. We have great admiration for the chairman William Zen and his vision to grow the company further. We are very excited about the opportunity to work with him to take RKE to the next level”.

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Genstar Capital Announces Completion of Drilling Info Holdings, Inc. Acquisition

SAN FRANCISCO, August 2, 2018 – Genstar Capital, a leading private equity firm focused on investments in targeted segments of the software, industrial technology, healthcare, and financial services industries, today announced that it has completed the previously announced acquisition of Drilling Info Holdings, Inc.  Insight Venture Partners will retain a significant minority stake.

About Drillinginfo

Drillinginfo delivers business-critical insights to the energy, power, and commodities markets. Its state-of-the-art SaaS platform offers sophisticated technology, powerful analytics, and industry-leading data. Drillinginfo’s solutions deliver value across upstream, midstream and downstream markets, empowering exploration and production (E&P), oilfield services, midstream, utilities, trading and risk, and capital markets companies to be more collaborative, efficient, and competitive. Drillinginfo delivers actionable intelligence over mobile, web, and desktop to analyze and reduce risk, conduct competitive benchmarking, and uncover market insights. Drillinginfo serves over 3,500 companies globally from its Austin, Texas, headquarters and has more than 675 employees. For more information visit drillinginfo.com.

About Genstar Capital

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for 30 years.  Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $10 billion of assets under management and targets investments focused on targeted segments of the software, industrial technology, healthcare, and financial services industries.

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MEDIA INQUIRIES

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

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