Category Archives: News

Warburg Pincus Acquires Minority Stake in Contabilizei for $125 Million

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Warburg Pincus Acquires Minority Stake in Contabilizei for $125 Million

Investment highlights next phase of growth for the accounting technology services company

São Paulo, Brazil, October 14, 2024 – Contabilizei, a leading accounting firm in Brazil, today announced a $125 million investment from Warburg Pincus, a leading global growth investor. Founded in 2013, Contabilizei automates accounting services, focusing on small businesses and self-employed professionals. Contabilizei currently serves more than 50,000 clients, operates at break-even, and generated total revenue exceeding R$ 300 million.

With this transaction, Warburg Pincus is the largest shareholder of Contabilizei, acquiring stakes from venture capital funds that had invested in Contabilizei starting in 2014, including Kaszek.

Contabilizei’s main service is providing free company registration and accounting services with a 99% automated process to calculate and pay taxes, fulfill tax obligations, and handle accounting records for micro and small businesses, as well as self-employed individuals. This is done considering various geographical and sector-specific realities, as tax regulations differ depending on the state, municipality, and industry. The company also offers an integrated bank account solution that links to its accounting services, a key differentiator to simplify its clients’ financial routines. Recently, it began offering health plans, creating a comprehensive platform for micro and small business owners.

“Contabilizei strengthens Warburg Pincus’ thesis of investing in scalable technology companies in sectors that still have low technology adoption and growing demand. We see great potential in the company, especially in a market still dominated by manual processes, with ample room for automation and the use of artificial intelligence. Additionally, there is significant room for further monetization through the expansion of financial services offered on the platform,” says Bruno Maimone, Managing Director, Warburg Pincus. “The investment in the company is also aligned with our global strategy, as we have a long history of investing in companies in the tax automation space in the United States, such as Avalara and Chipsoft.”

According to Vitor Torres, CEO and founder of Contabilizei, the entry of Warburg Pincus is another important validation of the company’s cash-generation-focused growth strategy over the past few years. “In a highly fragmented market, dominated by traditional companies relying on manual processes, we have reached more than 50,000 clients thanks to the superior quality of our services, increased efficiency through time savings, and, most importantly, offering the complete range of services that entrepreneurs need,” he says.

“More than just accounting and tax payments, small business owners and freelancers have many other management needs. For this reason, we also offer business checking accounts, financial services, health plans, and important partnerships to even support the physical and mental health of entrepreneurs. Our focus is to increasingly meet the needs of small business owners through a seamless journey on our platform, empowering them with better management, efficiency, and financial health. We are working hard to ensure Contabilizei continues its high growth rate in the coming years and maintains its delivery of high-quality, trustworthy services to help small business owners succeed. Warburg Pincus has extensive experience supporting high-growth companies in scaling within their markets, and we are confident this will be crucial for our next phase of growth,” adds the CEO.

“We are very excited to collaborate with Warburg Pincus in this next phase of Contabilizei’s growth. We share their conviction in the thesis and in Vitor’s ability to execute. We are pleased to continue being part of this journey,” says Rodrigo Costa, partner at Softbank Latin America Funds.

With the investment in Contabilizei, Warburg Pincus now has a portfolio of 11 Brazilian companies, 8 of which are in the technology sector.

About Warburg Pincus

Warburg Pincus LLC is a leading global growth investor. The firm has more than $83 billion in assets under management. The firm’s active portfolio of more than 225 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Since its founding in 1966, Warburg Pincus has invested more than $117 billion in over 1,000 companies globally across its private equity, real estate, and capital solutions strategies. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com. Follow us on LinkedIn.

About Contabilizei

Contabilizei is the largest accounting firm in Brazil, serving over 50,000 clients. It is a leader in company formation and CNPJ management, offering complete, exclusive, and integrated solutions in one place for micro and small entrepreneurs, as well as self-employed professionals. Founded in 2013, Contabilizei offers cutting-edge technology and the expertise of more than 1,200 specialists across various fields to provide reliable accounting services, free company formation, business checking accounts, and health and wellness benefits for entrepreneurs.

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SHIFT Invest Portfolio Company Robin Radar Joins Forces with Parcom

Shift Invest

SHIFT Invest is pleased to announce the successful acquisition of its portfolio company, Robin Radar, by Dutch investor Parcom. Robin Radar has established itself as a global leader in radar systems designed to detect and classify both birds and drones.

SHIFT Invest Portfolio Company Robin Radar Joins Forces with Parcom

 

Robin Radar, headquartered in The Hague, Netherlands, founded in 2010 as a TNO spin-off, has established itself as a global leader in radar systems designed to detect and classify birds and drones. The company’s radar solutions serve a range of industries such as wind farms and civil aviation providing an innovative solution to reduce bird strikes. Robin Radar’s unique technology, particularly its proprietary software, has made it the radar solution of choice for a diverse range of applications.

SHIFT Invest joined Robin Radar as lead investor together with INKEF in its first funding round in 2012. The investment was made through its first fund Mainport Innovation Fund backed by KLM, Schiphol Airport, TU Delft, Rabobank and RVO. Robin Radar’s story is truly exceptional: from securing Schiphol as a launching customer, to growing revenues 30-fold since the initial investment by SHIFT Invest.

Siete Hamminga, CEO of Robin Radar: “We are thankful for the valuable collaboration with SHIFT Invest throughout our entire growth journey. Guus Verhees served as chairman of the board and supported us in growing our leadership team and organization, follow-on investments and the process towards the new partnership with Parcom”.

Guus Verhees, Managing Partner of SHIFT Invest: “We want to congratulate the entire team at Robin Radar, who have built an incredible technology and company over the years. The Robin Radar team, now with over 150 people, worked hard to make this possible, and we are happy to see Parcom partnering up to facilitate the next phase of growth. This is a great Dutch success story of an innovative technology bringing value in various sectors with a new growth chapter ahead.”

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Advania acquires UK based IT solution specialist CCS Media to further accelerate growth

IK Partners

Advania, a portfolio company of Goldman Sachs Alternatives and one of the largest providers of IT services in Northern Europe, has announced the acquisition of CCS Media, one of the largest independent IT solutions providers in the United Kingdom. This acquisition aligns with Advania’s strategic focus on expanding both its footprint and its capability within the UK market. The combination will enable a highly complementary solutions and services offering, providing top tier depth and breadth of expertise across an end-to-end customer-centric offering commensurate with the group’s overall strategy. It will also offer the UK midmarket a much needed fresh and comprehensive approach to IT services from a scaled provider with access to the full resources of Advania. This transaction represents a key milestone in Advania’s broader goal of becoming the leading IT services provider in Northern Europe and will further accelerate the growth of the group.

Key transaction highlights

  • Advania has reached an agreement to acquire 100% of the shares in CCS Media from management and employees. The closing of the transaction is expected during the fourth quarter of 2024, subject to regulatory approvals.
  • With the acquisition of CCS Media, and the recent acquisition of Servium in the UK, Advania will scale its existing solution operations and strengthen its opportunity to provide a differentiated and comprehensive end-to-end IT services and solutions to customers across the UK, providing a fresh approach for existing and new customer.
  • CCS Media is a fast-growing technology and solution specialist delivering IT products, solutions and services to customers across the UK with revenue of GBP 280m / SEK 3.8bn.
  • Advania is one of the largest independent providers of IT services in Northern Europe, with top tier capabilities across the full range of customer needs. Following the transaction Advania will have a combined revenue of SEK 19bn (GBP 1.4bn) and employ more than 5,000 employees across Northern Europe.
  • In the UK Advania is one of Microsoft’s most certified partners and will be able to offer these market leading capabilities to CCS customers in an integrated way.
  • The acquisition will now see Advania in the UK employing over 1,500 people at more than 20 locations providing its customers with innovative solutions and flexible procurement options, once the preserve of only the largest enterprises.
  • As the tech company with people at heart, Advania will offer even wider opportunities for employees to broaden their career opportunities and thrive in a growth environment.

The acquisition will enable new and existing customers of Advania and CCS Media to access deep and broad expertise within IT-services and to transform core business processes, optimise spend and secure operations through a single service provider. Advania UK’s class leading positioning with Microsoft as a top-tier cloud transformation and AI enablement partner, holding all six cloud solution designations, twelve specialisations and Azure Expert MSP status, combined with CCS Media’s expertise on the provision, supply, implementation and support of the broadest range of technology products offers customers a complete portfolio for digital transformation services backed by comprehensive service experience and extensive industry accreditations. In 2024 alone CCS Media have won awards from world-leading vendors including Dell, HPE, Lenovo and Logitech.

“I’m very excited to have CCS Media join forces with Advania. CCS has a strong and proven track record of growth, customer relationships and delivering cutting-edge IT solutions across the UK market. Together with the Advania UK operation, we are certain that this investment will further accelerate our growth and elevate our position in the UK market” says Hege Støre, Group CEO of Advania.

“The CCS Media Leadership Team is immensely excited to unite forces with Advania and extend an even greater depth of expertise and services to our loyal customers across the UK. CCS Media was on a journey to develop more comprehensive solution offerings for our customers and the transaction will hugely accelerate this trajectory. This acquisition will also benefit our employees, offering wider opportunities for growth and development at such an exciting time in the industry. Like Advania, people are at the heart of our business and our shared culture and customer centricity was a key driver for the deal to progress. The extensive capability of the combined business, and particularly Advania UK’s class leading partnership with Microsoft, will enable us to address a broader range of customer needs from devices & infrastructure, to strategy, cloud transformation, AI, and managed services” says Terry Betts, CEO of CCS Media

“We and our co-investment partners are very pleased to welcome CCS Media into the fast-growing Advania platform and to support the company in further scaling Advania’s operations and offering. The acquisition of CCS Media will create a differentiated and highly compelling end-to-end proposition for the UK market” says Michael Bruun, Global Co-Head of Private Equity at Goldman Sachs Alternatives.

For more information, please contact:

Advania AB
Hege Støre, Group CEO
E-mail: hege.store@advania.com 
Phone: +47 901 42 548

About Advania AB

Advania is “The tech company with people at heart,” operating across UK, Sweden, Norway, Iceland, Finland, and Denmark. With a team of over 4,500 talents, we offer managed services, hardware, software, and professional services to clients in both private and public sectors, primarily in the mid-market. Our main goal isn’t just about technology; it’s about empowering people to create sustainable value. By establishing lasting relationships, utilizing leading technologies, providing modern platform solutions, and fostering strategic partnerships, we’re shaping the future IT landscape. Advania is proudly backed by funds managed by Private Equity at Goldman Sachs Alternatives.

For further information, please visit www.advania.com

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About CCS Media Ltd

CCS Media is a technology and solution specialist with over 41 years of experience delivering first-class IT solutions and services to organisations of every kind across the UK and beyond. A network of 11 offices and 1 warehouse and logistics configuration centres, secures nationwide scale for supply and service, matched with the comfort of local presence. CCS media work with more than 2,000 manufacturer partners and sell more than one million products across the 8,000 customers. CCS Media have been awarded two stars for Best Companies Outstanding to Work For, Technology’s 50 Best Companies to Work For, The UK’s 100 Best Large Companies to Work For and five regional Best Companies awards.

For further information, please visit www.ccsmedia.com

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About Private Equity at Goldman Sachs Alternatives

Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $450 billion in assets and more than 30 years of experience.

The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, hedge funds and sustainability. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.

The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has over $2.9 trillion in assets under supervision globally as of June 30, 2024.

Established in 1986, Private Equity at Goldman Sachs Alternatives has invested over $75 billion since inception. The business combines a global network of relationships, unique insight across markets, industries and regions, and the worldwide resources of Goldman Sachs to build businesses and accelerate value creation across its portfolios.

For further information, please visit www.goldmansachs.com

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After acquiring EMS Factory, Alliance Electronics invests in TXCube to enhance its technical and industrial expertise in Europe, with the support of Waterland Private Equity

Waterland

Paris, 10 October 2024 – Alliance Electronics, a leading electronics design and manufacturing group, announces the acquisition of TXCube, a specialist in the design and industrialization of complete electronic products. This acquisition follows the purchase of EMS Factory, a specialist in rapid electronic prototyping. These two strategic integrations, supported by Waterland Private Equity, will allow Alliance Electronics to strengthen its offering of value-added services and its position as an industrial leader in Europe.

Founded in 2009 by Elisabeth Partouche and Daniel Mawas, TXCube is a French expert in the design and industrialisation of electronic products, expected to reach over €12 million in revenue in 2024. With strong expertise in electronics, mechanics, embedded software, and “Design-to-Cost,” TXCube serves major companies from the CAC40, medium-sized businesses, and startups in France, Europe, and beyond.

Elisabeth Partouche views this partnership as a significant step in TXCube’s development: “With the ‘Made in Europe’ and ‘Made in France’ production capabilities of the Alliance Group, we can provide a broader manufacturing offering to our clients, driving further growth. Several new ‘Made in France’ projects are already in motion.”

Acquired in late July, EMS Factory is a Bordeaux-based company specializing in online rapid prototyping. Founded in 2015 by Pierre-Yves Sempere and Damien Michaud, EMS Factory employs 20 people and is known for its technical expertise and ability to produce complex electronic board and cable prototypes on very short deadlines. EMS Factory supports major industrial groups, medium-sized companies, research centers, and startups with their most complex projects across France and Europe.

Damien Michaud, who will remain at the helm of the company, commented: “I am excited by Alliance’s industrial vision, the growth opportunities it presents, and the potential to offer EMS Factory’s clients greater production capacity.”

These 6th and 7th acquisitions mark another significant step in Alliance Electronics’ development strategy, bringing its revenue close to €150 million. The group aims to reach €300 million by 2026.

Damien Rossignon, President of Alliance Electronics, commented: “These acquisitions mark a key milestone in expanding our subcontracting offering with high-value-added services for our clients. The seamless integration of design, prototyping, industrialization, and mass production allows us to offer a ‘one-stop-shop’ solution. This reduces time-to-market, optimizes production costs, and improves quality. We look forward to leveraging these synergies with the teams at TXCube and EMS Factory.”

Based in Rosheim, Alsace, Alliance Electronics is a major industrial player specializing in design, prototyping, and manufacturing of small and medium series electronic assemblies for international clients. The Group now operates 9 industrial sites across 4 countries: France (where its headquarters are located), Portugal, Belgium, and Tunisia.

The founders of EMS Factory and TXCube are reinvesting alongside Waterland within the Alliance Electronics group, as is Andera Croissance, which has been a shareholder of TXCube since its OBO three years ago.

“With these two new areas of expertise, Alliance Electronics strengthens its value chain and its technological and industrial service offering. EMS Factory enhances the prototyping activity while providing new commercial synergies, and TXCube supports the group’s position as a designer-manufacturer of electronic systems, offering new complete and turnkey solutions.” – Louis Huetz, Partner at Waterland.

About EMS Factory
Founded in 2015 in Martillac, in the Bordeaux region, EMS Factory is a key player in Europe in online electronic prototyping. Specializing in the design and production of small- and medium-series electronic boards, the company offers a complete range of services (prototyping, electronic board assembly, cabling, rework, engineering, product assembly, etc.). Thanks to full digitalization of its processes and a 4.0 factory, EMS Factory meets the most demanding needs with speed, flexibility, and precision.

About TXCube
TXCube is a French company that supports its clients from the prototype phase to industrial series production by leveraging its teams’ technical expertise, supplier networks, and overseeing all phases of industrialization. TXCube has expertise in the design, industrialization, and manufacturing of complete electronic product series, guiding clients from project inception to industrial production. With teams based in France and China, TXCube advises on the most suitable industrial model. The goal is to guarantee a “Time to Market” with a product that meets the requirements at an objective manufacturing cost while ensuring quality control and product compliance.

About Andera Partners
Founded over 20 years ago, Andera Partners is a major player in private equity in France and internationally. Its teams manage €4.3 billion across life sciences (Andera Life Sciences), growth capital and buyouts (Andera MidCap, Andera Expansion/Growth, Andera Co-Invest), sponsorless transactions (Andera Acto), and ecological transition (Andera Infra). Andera Partners’ mission is to support companies and their leaders in achieving strong and sustainable growth. The quality of performance offered to investors is based on a strong partnership between portfolio entrepreneurs and our teams, built on shared values. “The Power of And” represents the DNA of Andera Partners.
Based in Paris, with offices in Antwerp, Milan, and Munich, Andera Partners is 100% owned by its teams, composed of nearly 115 people, including 72 investment professionals. It is organized as a partnership and led by a committee of 13 partners.

Press contacts:
Ellie Hallam – waterland@wearehollr.com | +44 750 20 91 18
Laurence Van Doosselaere – vandoosselaere@waterland.be | +32 473 88 05 21

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Ardian acquires a majority stake in Vista Vision, a leading Italian healthcare service provider specializing in ophthalmic and refractive surgery

Ardian

Ardian, a world-leading private investment house, announces the acquisition of a majority stake in Vista Vision, a market leader in Italy in providing high-quality healthcare services in ophthalmic and refractive surgery. The founders and managers of the company, Mario Salmeri (Chairman and CEO) and Stefano Zanchi (CEO), will reinvest alongside Ardian, as well as Credem Private Equity SGR, already investor of Vista Vision since 2020.

Headquartered in Milan, where it was founded in 2003, Vista Vision’s network counts 12 clinics in Italy and 5 in Romania, focusing primarily on laser surgery for the correction of myopia and on cataract surgery.

Vista Vision partners with the best ophthalmologists, providing them with cutting edge operating rooms, state-of-the-art equipment, as well as qualified medical support staff.

With a team of 170 employees and collaborators and a widespread presence across Italy, last year the company was able to perform over 30,000 surgeries and expects to close 2024 with a revenue exceeding €65 million.

Vista Vision’s innovative and flexible business model enables the company to offer highly efficient, fast, and top-quality services. The demand for eye care services is experiencing steady growth rates within a sector that is still highly fragmented which offers significant investment opportunities aimed at further consolidation, with Vista Vision poised to play a key role.

Since 2021, also thanks to the capital increase made by Credem Private Equity, the company has accelerated both its organic growth strategy, including the opening of three new clinics, and its M&A development through seven acquisitions, and further eight in pipeline in Italy.

In addition to its consolidation strategy in Italy, the company plans to pursue further growth opportunities in Romania and other European countries.

“We are excited to collaborate with Ardian and start a new phase of strategic growth. We embarked on an important development journey when Credem Private Equity SGR invested in 2020, and are thankful for their crucial support over the years, which has enabled us to become a leader in the sector in Italy. With Ardian, we will continue on this ambitious path, with the goal of consolidating our presence in Italy and expanding into other European markets.” Mario Salmeri and Stefano Zanchi, Founders and Managers of Vista Vision

“We are delighted to start our partnership with Vista Vision. Mario and Stefano have been far-sighted in creating, over 20 years ago, an innovative business that offers top-quality services. We are confident that the company, a leader in the Italian market, is well positioned to become an aggregator in this highly fragmented sector. Our strategy will be focused on developing the network in Italy and expanding internationally.” Marco Molteni, Managing Director Expansion, Ardian

“Vista Vision is an outstanding company in a high-growth sector. This investment is a key example of the Expansion team’s approach, based on partnerships with inspired entrepreneurs who reinvest alongside us to create value in high-potential market segments.” François Jerphagnon, Member of the Executive Committee, Managing Director Ardian France & Head of Expansion, Ardian

“Four years after our investment, Vista Vision has achieved growth more than tripling its turnover, establishing itself as a leading player in Italy and Romania in the treatment of visual impairments. Over the coming years, growth in international markets will become even more significant, and Ardian represents a key partner in terms of expertise and financial resources in this new phase of expansion”. Daniele Molinaro, CEO, Credem Private Equity SGR

“This transaction confirms the long-standing tradition and the excellent results achieved by Credem Private Equity in the development of Italian SMEs; the results obtained will bring value to all the subscribers of our Elite and CVC2 private equity funds”. Paolo Magnani, Wealth Management Area Coordinator for the Credem Group

List of participants

  • Participants

    • Ardian team: Marco Molteni, Giacomo Brettoni, Elisabetta Bozzoni Pantaleoni
    • Credem Private Equity team: Daniele Molinaro, Ivan Gangemi, Luca Sidoli
    • M&A: Mediobanca
    • Legal: PedersoliGattai and Russo De Rosa Associati
    • Business due diligence: LEK
    • Financial due diligence: KPMG
    • Tax due diligence: Gitti&Partners
    • AI & Digital due diligence: Assist Digital
    • IT & Cyber: Serma Group
    • ESG due diligence: Gruppo 2A (F2A)

ABOUT ARDIAN

Ardian is a world-leading private investment house, managing or advising $169bn of assets on behalf of more than 1,680 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 19 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility. At Ardian we invest all of ourselves in building companies that last.

ardian.com

ABOUT VISTA VISION

Vista Vision is a network of clinics specializing in ophthalmic and refractive surgery. Founded in 2003 from the idea of Mario Salmeri, current Chairman and CEO, and Stefano Zanchi, CEO, it is the leading network of private clinics in Italy, collaborating with the best ophthalmologists and constantly investing in the latest technology and staff training. The goal is to provide medical services to an increasing number of people while ensuring professionalism and high- quality standards.

Vista Vision has 12 clinics across major Italian cities, including Milan, Florence, Rome and Bari, plus 5 clinics in Romania.

https://www.vistavisiongroup.com/

ABOUT CREDEM PRIVATE EQUITY SGR SPA

Credem Private Equity SGR is the asset management company of the Credem Group, specializing in private equity funds and private market investments. Following the success of its Credem Venture Capital I fund, which delivered strong returns for investors, the company has become the group’s reference point for managing three new private equity funds (Elite, Credem Venture Capital II, and Eltifplus), raising over 200 million euros.

www.credempriveq.it

Media contacts

ARDIAN

HEADLAND

ardian@headlandconsultancy.com 

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FIELDS Team Approach Companies News Contact ESG JARO Group strengthens its position in cable infrastructure with the acquisition of BeKaBe Bekabeling, together with investor FIELDS Group

Fields Group

JARO Group, a leading civil and cultural engineering group active in the ground, road, and water construction sector, has acquired BeKaBe Bekabeling B.V. (BeKaBe) as of September 30, 2024. BeKaBe conducts above-ground and underground cable projects for a variety of clients. With this acquisition, JARO Group expands its capacity in cable infrastructure, enabling the group to better serve its customers. JARO Group was supported in the acquisition by investor FIELDS Group, a partner that came on board in March 2024 to actively assist JARO Group in implementing its growth strategy.

 

Acquisition combines strengths and offers growth opportunities

“By adding their years of expertise, we strengthen our cable infrastructure capacity, where we are already active within the group through EZW Infra & Energie B.V. We look forward to building a shared future together with the BeKaBe team,” said Gerrit Kalkman from JARO. “The acquisition of BeKaBe aligns well with our strategy to be a leading multidisciplinary player in the ground, road, and water construction market,” added Fabianne Onderwater, Investment Director at FIELDS Group.

Mike Blansjaar from BeKaBe stated: “With this step, we secure the continuity of the company, BeKaBe can benefit from the advantages of the group, and it has a partner to facilitate further growth. A true win-win situation.”

 

About JARO Group

JARO Group is a multidisciplinary player in the ground, road, and water construction sector, active throughout the Netherlands. The group consists of several different companies: JARO (infrastructure/civil works, cultural engineering and dredging, emergency services, and winter maintenance), EZW Energie & Infra (infrastructure projects focused on underground cables and pipelines), CSW (civil engineering services for industry), Huijbregts Infra (infrastructure projects and cultural engineering work, particularly in the Brabant region), Reijm (cultural engineering work and landscaping), and HT Infra (active in infrastructure/civil engineering work), both active in the Rijnmond/Greater Rotterdam region.

www.jarogroup.com

 

About BeKaBe

BeKaBe Bekabeling was founded in 1996 and delivers cable work throughout the Netherlands from its office in Vlaardingen. The company specializes in above-ground and underground cable work, fiber optic and data networks, high voltage cable work, directional drilling, and earthworks.

www.bekabe.nl

 

About FIELDS Group

FIELDS Group is an entrepreneurial, hands-on investor focused on developing companies with potential. FIELDS Group invests in companies headquartered in the Benelux and DACH regions and realizes fundamental transformations with its team.

www.fields.nl

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Harmony Healthcare IT Announces Acquisition of Trinisys

Novacap

Novacap announces the successful acquisition of Trinisys by its portfolio company, Harmony Healthcare IT.

Trinisys, based in Nashville, Tennessee, is a leading force in legacy data management. The acquisition will amplify Harmony Healthcare IT’s ability to manage the vast volumes of data in the healthcare industry through the delivery of advanced enterprise solutions.

As a result of this strategic acquisition, Harmony Healthcare IT and Trinisys will combine their expertise and resources to offer significant advantages to their clients. These include:

  • Expanded capabilities: A wider range of services and solutions to address the diverse needs of healthcare organizations.
  • Enhanced innovation: Increased investment in research and development to drive industry-leading advancements.
  • Strengthened market position: A more powerful presence in the healthcare market, enabling the company to better serve its customers.
  • Improved efficiency: Streamlined operations and optimized workflows to increase velocity.

“We are proud to support Harmony Healthcare IT as it seeks to explore new data handling and data use innovations to accelerate growth and expand its impact in the healthcare industry, ” said David Brassard, Partner at Novacap.

“I want to express my appreciation to Novacap for their dedicated support throughout this transaction” shared Tom Liddell, CEO of Harmony Healthcare IT. “This transaction enables two data management leaders to unite and deliver unmatched value to healthcare customers through world-class enterprise solutions,” said Liddell.

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Unimarket and VendorPanel Announce Merger to Provide Industry-Leading Source-to-Pay Solutions

AKKR Logo
  • Accel-KKR
  • | 

Annapolis, MD – October 9, 2024 – Unimarket, a global technology provider of spend management and e-procurement solutions, today announced its merger with VendorPanel, a source-to-contract procurement platform. The merger combines the strengths of both companies to deliver a more robust source-to-pay solution, optimizing business processes and delivering tangible business outcomes for customers worldwide. Unimarket is backed by Accel-KKR, a technology-focused investment firm.

According to Spend Network, global procurement is estimated to be $13 trillion USD annually, highlighting the critical need for optimization. This substantial spending underscores the critical role procurement optimization plays in improving efficiency and cost management for global businesses. Organizations are increasingly turning to digital solutions to improve visibility and control over their procurement processes, underscoring the significance of this merger between Unimarket and VendorPanel.

The combined company now serves nearly 450 customers across the United States, Australia, New Zealand, and Canada, in sectors such as corporate, education, healthcare, government, energy, facility management, transport, and utilities.

“Both companies bring over 15 years of expertise and a proven track record of delivering exceptional results,” said Phil Kenney, CEO of Unimarket. “This merger strengthens Unimarket’s ability to meet the evolving needs of our global customers, offering scalable solutions that capitalize on growing market opportunities.”

“Our merger with Unimarket provides an incredible opportunity to deliver even more value to our customers,” said James Leathem, CEO of VendorPanel. “Our combined platform delivers a comprehensive solution that enhances visibility and drives operational performance across the entire source-to-pay process.”

“This strategic merger marks a significant milestone for both Unimarket and VendorPanel, reinforcing their leadership in the procurement technology space,” said Phil Cunningham, Managing Director at Accel-KKR. “With their combined capabilities, these two companies are now poised to capitalize on global growth opportunities, delivering unmatched value to their customers while driving innovation and performance improvements across the source-to-pay ecosystem.”

To learn more about the Unimarket + VendorPanel merger, visit: https://www.unimarket.com/bestofbreed

About Unimarket 

Unimarket is a global provider of source-to-pay and spend management solutions. Turning chaos into clarity, Unimarket’s suite improves visibility, enables compliance, and eliminates maverick spending, transforming procurement processes. Trusted by industries including higher education, healthcare, government, research, and financial services, Unimarket delivers an integrated cloud-based solution covering sourcing, contracts, marketplace, purchasing, invoicing, payments and supplier management. To learn more, visit Unimarket.com.

About VendorPanel

VendorPanel is a leading source-to-contract procurement platform. Its cloud-based software is used by hundreds of governments and businesses to simplify procurement, reduce risk, and optimize outcomes at each stage of the procurement lifecycle. For more information, visit VendorPanel.com.

About Accel-KKR

Accel-KKR is a technology-focused investment firm with $19 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for top-line and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR’s headquarters is in Menlo Park, with offices in Atlanta, Chicago, London, and Mexico City. Visit accel-kkr.com to learn more.

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INX Software and K2fly Join Forces to Become Mission-Critical Tech Powerhouse

AKKR Logo

Perth, Australia & Menlo Park, California, OCTOBER 8 — Accel-KKR  has acquired listed company K2fly and will combine the regulatory, compliance and disclosure tech business with workforce, safety, training and reporting business INX Software to create one of Australia’s largest providers of mission-critical software for high-risk industries.

The SaaS powerhouse will offer a suite of specialist software used by the mining and resource sector as well as other large, fast-paced, remote and complex operations in health, transport, energy & utilities, engineering, manufacturing and government. The deal reinforces Accel-KKR’s ongoing commitment in investing in best-in-class, enterprise-focused, vertical software providers in Australia.

INX CEO Marcus Ashby said the two Perth-based companies were a natural fit, with many clients in common and complementary software solutions.  K2fly, which supports mining operations in 900 locations in 62 countries, will bolster INX’s global regulatory compliance business, bringing software that addresses industry needs such as land and tailings management, environmental monitoring and rehabilitation, ground disturbance, land access planning and heritage. Its suite will complement INX Software’s portfolio of software solutions used by global companies to manage their workforce management, safety, compliance, training, and reporting requirements.

“The two companies share values and market outlooks, as well as a commitment to servicing some of the world’s biggest, most complex and fast-paced operations,” Mr Ashby said. “We both prioritise collaboration, integrity, and growth, providing a strong foundation for integration. K2fly’s additional values of customer focus and curiosity complement INX Software’s emphasis on accountability and innovation. Having a complementary set of values represents an excellent basis for creating a cohesive culture built on respect, innovative thinking and sustainable growth.”

K2fly CEO Nic Pollock said the two companies shared an understanding of the mining and resources sector with deep sector expertise in fast-paced, high-risk industries. “By combining our solutions, we can connect K2fly’s RegTech expertise, which helps clients navigate complex compliance obligations, with INX Software’s strengths in risk, logistics, planning and workforce management,” Mr Pollock said. “We are also excited about building on the mutual commitment of our companies to good environmental citizenship and ESG. Together, we can offer companies more robust, innovative solutions designed in concert with industry experts, along with specialist technology that helps identify, manage, mitigate and report on environmental risk.”

Dean Jacobson, Managing Director at Accel-KKR, said uniting the companies would allow the business to innovate, build and grow their markets by leveraging the teams’ collective strengths. “Current and target clients that INX and K2fly serve face increasingly stringent regulatory obligations for identifying, managing and reporting risk, and need a robust tech stack of vertical solutions,” Mr Jacobson said. “Leveraging the collective strength of INX and K2fly is a highly strategic response to the evolving compliance landscape to help clients stay ahead of enterprise risk and enable them to scale their businesses with confidence.”

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About INX Software

INX Software enables businesses in fast-paced and complex industries to mobilise their workforce and navigate health, safety and environmental challenges to better protect people and the planet.

Based in Perth, Western Australia, we are globally trusted leaders in the delivery of workforce management, environment, health and safety software solutions, supporting our clients in the operation of safer, smarter and sustainable workplaces. We provide solutions across industries, including resources, oil & gas, transport, energy & utilities, engineering, manufacturing and government sectors.

About K2fly

K2fly provides enterprise-level Resource Governance solutions for ‘net positive impact’ in Environmental, Social and Governance (ESG) compliance, disclosure and technical assurance, to operations of mining and asset intensive industries through its platform-based SaaS cloud solutions.

Its solutions address industry challenges and help manage risk around clients’ social licence to operate concerning reporting and governance, reputation and disclosure demands.

About Accel-KKR

Accel-KKR is a technology-focused investment firm with $19 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for top-line and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR’s headquarters is in Menlo Park, with offices in Atlanta, Chicago, London, and Mexico City. Visit accel-kkr.com to learn more.

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Harmony Healthcare IT Announces Acquisition of Trinisys

Novacap

Novacap announces the successful acquisition of Trinisys by its portfolio company, Harmony Healthcare IT.

Trinisys, based in Nashville, Tennessee, is a leading force in legacy data management. The acquisition will amplify Harmony Healthcare IT’s ability to manage the vast volumes of data in the healthcare industry through the delivery of advanced enterprise solutions.

As a result of this strategic acquisition, Harmony Healthcare IT and Trinisys will combine their expertise and resources to offer significant advantages to their clients. These include:

  • Expanded capabilities: A wider range of services and solutions to address the diverse needs of healthcare organizations.
  • Enhanced innovation: Increased investment in research and development to drive industry-leading advancements.
  • Strengthened market position: A more powerful presence in the healthcare market, enabling the company to better serve its customers.
  • Improved efficiency: Streamlined operations and optimized workflows to increase velocity.

“We are proud to support Harmony Healthcare IT as it seeks to explore new data handling and data use innovations to accelerate growth and expand its impact in the healthcare industry, ” said David Brassard, Partner at Novacap.

“I want to express my appreciation to Novacap for their dedicated support throughout this transaction” shared Tom Liddell, CEO of Harmony Healthcare IT. “This transaction enables two data management leaders to unite and deliver unmatched value to healthcare customers through world-class enterprise solutions,” said Liddell.

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