Category Archives: News

With $2.6M in funding, Gabi wants to ensure you always have the best insurance rate

Project A

With $2.6M in funding, Gabi wants to ensure you always have the best insurance rate “Something this important should not be so complex.” – Hanno Fichtner

Gabi, a San Francisco based insurance startup, has raised $2.6M in seed funding from A Capital, SV Angel, Project A and a group of angels. Gabi is a personal insurance platform that ensures customers always have the right coverage at the best price.

Gabi provides insurance shoppers with unprecedented visibility into rates, in a single place where they can compare all the major insurance companies’ rates and instantly get a quote without having to go to multiple sites and fill out forms. Moreover, Gabi’s quotes are completely unbiased, as they’re driven by technology rather than insurance agents focused on commissions.

Gabi’s powerful technology reviews and compares people’s current insurance rates to major insurer’s rates, then finds the right coverage at the best rate possible. At signup, customers link their car and home insurance accounts or send their policies to Gabi. Gabi then analyzes their current coverage and compares the rate with those of major insurance companies to find a better price for the same coverage.

“Our technology allows us to put the customer first again, simplify the process and save consumers a lot of money every year,” said Gabi co-founder and CPO Krzysztof Kujawa. “Our algorithm looks into the existing insurance policies of our customers and automatically checks for savings across the 20 biggest insurance companies,” explains Kujawa. “Customers no longer need to provide their detailed insurance information. By scanning existing insurance documents to create an insurance profile for each customer, Gabi saves the customer this tedious step.”

“Before Gabi, insurance customers typically had to fill out long forms, then get quotes from a handful of companies and make relatively uninformed decisions, never hearing back from their agent after they’ve purchased coverage,” says founder and CEO, Hanno Fichtner. Gabi is turning this model around by letting the technology do the tedious and time-consuming search for the best insurance, faster and with more transparency for customers than ever before.

The Gabi algorithm has already found savings of more than $460 per year on average for more than 60% of its customers. After the initial comparison at signup, Gabi constantly checks for better offers and functions as a digital insurance folder that allows customers to manage all insurance policies one place. As the customer’s life situation changes, e.g. purchase of a new car, moves, etc., Gabi adjusts its insurance searches accordingly.

Gabi is currently live in California, reviewing insurance for personal lines like auto, home, renters, umbrella and life. Gabi is also free, and customers can be sure to never receive spam or sales calls.

With the engineering team based in Lodz, Poland, and headquarters in San Francisco, the Gabi team consists of 12 people. Gabi was founded in 2016 by Hanno Fichtner, Krzysztof Kujawa, Vincenz Klemm and Pawel Olszewski.

About Gabi
Gabi Personal Insurance Agency, Inc. is an insurance platform that ensures customers always have the right coverage at the best price. Gabi has launched in CA in January 2017 and is backed by A Capital, Project A, SV Angel and a group of angels. It was founded in 2016 by Hanno Fichtner, Krzysztof Kujawa, Vincenz Klemm and Pawel Olszewski.

Contact
Hanno Fichtner, press@gabi.com

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Partners Group to acquire United States Infrastructure Corporation

Partners Group logo

Partners Group to acquire , a leading utility services provider in the US.

 

Partners Group, the global private markets investment manager, has agreed to acquire United States Infrastructure Corporation (“USIC” or the company”), a leading provider of underground utility locating services, on behalf of its clients.

The Company is being acquired from affiliates of Leonard Green & Partners, L.P.(“LGP”). Formed in 2008 and headquartered in Indianapolis, Indiana, USIC specializes in locating pipes and cables for utility customers across the US and Canada.

The Company employs more than 7,500 technicians and performs over 70 million utility locating services annually ahead of excavation or maintenance works.  USIC currently serves around 1,000 customers in all major utility segments, including cable, telecommunications, electricity, gas, water and sewage.

Following the completion of the acquisition, which is subject to regulatory approval, Partners Group will work with USIC’s management team, led by CEO Rob Tullman, to further grow the business.

Value creation initiatives will be aimed at enhancing operations through investments in technology and data management, expanding service offerings in adjacent markets, and growing the Company both organically and through select acquisitions.

Rob Tullman, CEO of USIC, states: ” United States Infrastructure Corporation is passionate about delivering highly responsive, quality-driven solutions that protect our customers’ utility assets. Having enjoyed strong growth over the last few years, we were looking for a partner with experience in corporate asset management and a strong network to enable us to build on our vision of further innovation and service expansion. We believe we have found this in Partners Group and look forward to working with the firm in the months and years to come.”

David Layton, Partner and Head of Private Equity at Partners Group,comments: ” In the current investment environment, we are looking for stable businesses with resilient cash flows and strong growth prospects.

With its market-leading position, blue chip customer base,and exceptional management team, United States Infrastructure Corporation encompasses all of these traits and has in fact been on our radar for several years due to its impressive track record of growth. We are therefore delighted to partner with Rob Tullman and the rest of the management team in this investment.

“Juri Jenkner, Partner and Head of Private Infrastructure at Partners Group, adds: “United States Infrastructure Corporation is a great fit with our investment strategy. The Company provides an essential service to US utilities, and has stable cash flows underpinned by a highly creditworthy customer base.

This investment also highlights the strengths of Partners Group’s broad private markets platform and collaborative investment approach across business lines.” “We are proud to have been associated with the USIC team over several years of outstanding growth and we are tremendously grateful for the amazing job that CEO Rob Tullman and the rest of the USIC team have done,” said Tim Flynn, Partner at LGP. ”

We look forward to seeing continued success for the entire USIC family supported by Partners Group, one of the leading firms in our business. “Ropes & Gray LLP and KPMG LLP are serving as legal and financial advisors, respectively, to Partners Group. Deutsche Bank and Harris Williams acted as financial advisors to USIC, while Latham & Watkins LLP served as the Company’s legal counsel.

About Partners Group Partners Group is a global private markets investment management firm with over EUR 57 billion (USD 66billion) in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group has its global headquarter s in Zug, Switzerland; its US headquarters in Denver, Colorado; and its Asian headquarters in Singapore. Additionally, the firm has offices in San Francisco, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Manila, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 950 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees. www.partnersgroup.com

About Leonard Green & Partners, L.P.

Leonard Green & Partners, L.P. (“LGP”) is a leading private equity investment firm founded in 1989 and based in Los Angeles. The firm partners with experienced management teams and often with founders to invest in market-leading companies. Since inception, LGP has invested in over 80 companies in the form of traditional buyouts, going -private transactions, recapitalizations, growth equity, and selective public equity and debt positions. The firm primarily focuses on companies providing services, including consumer, business, and healthcare services, as well as retail.

 

www.leonardgreen.com

 

 

Partners Group investor relations contact

Philip Sauer

Phone: +41 41 784 66 60

Email: philip.sauer@partnersgroup.com

Partners Group media relations contact

Jenny Blinch

Phone: +41 41 784 65 26

Email: jenny.blinch@partnersgroup.com

 

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Aquila Capital acquires Danish wind farm

Aquila Capital

Aquila Capital has acquired a wind energy project in Denmark near Kappel on Lolland with an installed capacity of over 25 MW. With the acquisition, Aquila Capital’s transaction volume in the wind sector has now surpassed 1,000 MW.

The project consists of seven wind turbines, all of which are 3.6 MW, by Danish manufacturer Vestas. Six of these are V117 turbines and one is a V126 turbine. The project has entered into a long-term full maintenance contract with Vestas. Due to the project being already operational and takeover having occurred subsequent to final technical examination and certification Aquila Capital is not exposed to any construction risk. Seller of the windpark is European Energy AS.

Denmark offers excellent conditions for wind energy investments, as evidenced by average wind speeds of 8.5 m/s at turbine hub height of this project. Operators of wind energy projects in Denmark receive a feed-in premium for a defined number of full-load hours in addition to the market price realised at the Nordpool electricity exchange. In the case of onshore wind turbines, the premium amounts are up to DKK 250/MWh (approximately EUR 34/MWh). In addition, wind farm operators receive compensation for grid stabilisation charges during the first 20 years of operation after grid connection.

Susanne Wermter, Head of Energy & Infrastructure EMEA at Aquila Capital, said: “Due to the conditions of the region, Northern Europe is very attractive for wind energy investments. For the project on Lolland, we were also able to secure one of the last projects to receive a high feed-in premium.”

Roman Rosslenbroich, CEO and Co-Founder of Aquila Capital, said: “The combination of excellent wind ressources with a very transparent support scheme means Denmark offers an attractive diversification to the wind energy projects we manage. Due to the highly professional sector environment and the well-developed market for commercial power purchase agreements, we believe Denmark will continue to offer an appealing environment for professional investments.”

About Aquila Capital

Established in 2001, Aquila Capital is committed to provide institutional investors worldwide with alternative investment solutions in real assets, financial and private markets. Applying a multi-disciplinary investment approach, Aquila Capital’s range of alternative investments is managed by dedicated specialists in their respective asset classes and underpinned by an infrastructure that combines strong operations, stringent corporate governance and a successful track record. Aquila Capital has been dedicated to develop alternative investment solutions since its establishment. Over 200 professionals across eight offices globally are working across the whole value chain of alternative investments to generate stable, positive returns for investors.

Responsible Publisher:

Aquila Capital

Katrin Rosendahl

Tel: +49 40 87 5050-150

Fax: +49 40 87 5050-129

PR Agency:

Citigate Dewe Rogerson

Patrick Evans / STephen Sheppard / James Madsen

Tel: +44 20 7638 9571

Fax:

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Vendep Capital invests in Brella

Tesi

Brella, developer of a networking application for business events that was founded in Jyväskylä, Finland, in 2016, has raised €1.2 million in private equity. The lead investor was Vendep Capital together with a team of international angel investors, including from the USA, France and Finland.

The investment will allow Brella to expand its operations in the USA, which is already the conmpany’s most important market. In addition, the company will be able to hire over a dozen product developers, as well as sales and marketing staff, in Finland.

The idea for the service was born when the company’s founders attended numerous business events while studying but generally came away from these events with a lot of marketing material instead of good contacts.

Markus Kauppinen, CEO of Brella, explains: “Events have been the best way to bring together people and ideas for thousands of years, yet until now no one has created a service that could intelligently analyse event visitors and their needs in advance, making it easier to find the best contacts among all the people attending the event.”

Today the service has users in over thirty countries around the world, and its customers include Slush, Samsung, Microsoft and TechCrunch.

The company’s aim is to enable 100 million new business contacts by 2020.

“Networking is valued in the USA even more than it is in Finland. Unlike in Finland, it is often difficult to find the contact information for decision-makers, so events offer a rare opportunity to actually meet them,” says Jyrki Paananen, COO of Brella.

“As the lead investor, we wanted to support a great team and invest in their ambitious growth plan. The market demand for this service was proven by Brella’s tremendous international growth in its first year, when it attracted almost a hundred clients,” says Sakari Pihlava, General Partner, Vendep Capital.

 

Further information:

Markus Kauppinen, CEO, Brella
+358405749287
markus@brella.io

Sakari Pihlava, General Partner, Vendep Capital
+358407713941
sakari.pihlava@vendep.com

Brella is a networking application for business events. The service helps event visitors to grow their business network and meet relevant people by means of an intelligent matchmaking algorithm. The mobile and web application has helped hundreds of thousands of people to find jobs, colleagues, investors, and other business contacts. www.brella.io

Vendep Capital Fund invests primarily in Finnish startups offering software to B2B customers. In April 2017, Vendep Capital launched a new €40 million fund aimed at SaaS startups. The fund was raised from Finnish private and institutional investors such as Tesi (Finnish Industry Investment Ltd) and The Finnish Innovation Fund Sitra. The fund may make investments alone or as part of a syndicate. www.vendep.com

Tesi (Finnish Industry Investment Ltd) is a venture capital and private equity company that accelerates companies’ success stories by investing in them directly and via funds. Tesi always invests together with other investors, providing them with access to high quality deal flow in Finland. Our investments under management total 1 billion euros and we have altogether 723 companies in portfolio. www.tesi.fi // @TesiFII

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HgCapital’s Mercury 1 Fund agrees sale of Sequel Business Solutions to Verisk Analytics

HgCapital

21 August 2017, London: HgCapital is pleased to announce that it has sold Sequel Business Solutions (‘Sequel’), a provider of software and services to the Lloyd’s of London and the broader insurance markets, to Verisk Analytics (Nasdaq: VRSK), a leading data analytics provider serving customers in property/casualty insurance, natural resources, and financial services. Headquartered in Jersey City, NJ USA, Verisk Analytics operates in 29 countries and is a member of Standard & Poor’s S&P 500® Index.

HgCapital partnered with the management of Sequel in July 2014 to support the acquisition from its founder. The deal represented the fourth investment for the Mercury 1 fund and resulted from HgCapital’s ongoing focus on the insurance software sector.

Led by CEO Mario Garcia and with HgCapital’s support, Sequel has transformed over this period. Its core Eclipse product set has been broadened to a full suite supporting all the complex risk activities of insurers and brokers, including risk aggregation, claims management and re-insurance; customer numbers have tripled; and Sequel’s business model has rapidly transitioned to recurring revenue. Over the past three years, the company has seen compound revenue growth of 14% per annum.

Following this sale, the Mercury 1 Fund will have delivered combined returns of 3.0x of invested cost and a c. 44% gross IRR on all realised investments, including proceeds from the prior sales of Zitcom to Intelligent (announced in June 2017 for 3.3x and 141% gross IRR) and Relay Software to Applied Systems (announced in August 2016 for 2.1x cost and 39% gross IRR). The Mercury 1 Fund has now delivered in aggregate 83% of invested cost on all realised investments.

Sequel

Mario Garcia, CEO of Sequel, said: “I would like to thank HgCapital for being a great partner as we developed Sequel into the leading provider of software to the complex insurance market. They had a transformative impact on our business. We are thrilled to join Verisk, whose data and technology capabilities will allow us to continue to deliver first class service to our customers.”

Sebastien Briens, Partner at HgCapital, commented: “We are delighted that Sequel can continue to flourish with such a strong and capable partner. We are proud to have been associated with Mario and his team in driving the growth of Sequel in the past three years, and believe that the business is very well positioned to be successful within the property/casualty insurance markets.”

HgCapital and Sequel were advised by Quayle Munro, Linklaters and Deloitte.

 

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Standout Capital invests in Exsitec

Exsitec

Standout Capital acquires a majority stake in Exsitec, a leading provider of business system software to medium sized companies in Sweden. Standout Capital looks forward to support Exsitec’s continued commitment to provide high quality services to current and future customers and to fuel the continued growth and development of the company. Following the transaction Standout Capital holds 55% of the shares in Exsitec and former owners and management will retain a 45% ownership in the company.

Exsitec is a leading provider of business system software, including ERP, business intelligence and mobile solutions for medium-sized companies in Sweden. The Company’s customer base consists of over 500 companies across several industries and includes many renowned enterprises including Fonus, Linas Matkasse and Tele2 Business.

“We have grown from SEK 30 million to nearly SEK 130 million in sales over the past five years, and want to bring both financial muscle and expertise in expanding the company to the next level”, said Chairman Peter Viberg.

“Our business is about helping our clients in software selection, making sure they are successful in the implementations and taking responsibility for long term support and maintenance. In the coming years, we plan to add additional offers in our portfolio and expand geographically. Standout Capital’s focus on Nordic technology companies makes them a perfect partner for us, and they can bring expertise and resources to help us reach new markets faster. Standout Capital show a deep interest in understanding our customers, our business and our corporate culture, and have been easy to work with in this process”, says CEO Johan Kallblad.

 “Exsitec has displayed impressive growth supported by its strong niche expertise and its outstanding track record of successfully serving its customers. Standout ultimately invests in the digitisation of business and society, and Exsitec is a good example of a successful company with solid prospects for capitalizing on this trend and in a market niche where we are confident to add substantial value. We believe there are significant opportunities to continue growing and developing Exsitec further and we look forward to work with the competent and dedicated team of management and employees to fully realize the potential of the company”, says Standout Capital’s partner Klas Hillström.

Contacts and further information

Klas Hillström, Partner, Standout Capital, +46 70 508 77 12, klas.hillstrom@standoutcapital.com
Johan Kallblad, CEO, Exsitec, +46 706 65 99 09, johan.kallblad@exsitec.se

About Exsitec – Exsitec specializes in enterprise systems including ERP, business intelligence and mobile solutions. The company helps its customers choosing the right IT systems tailored to the customer’s business, making sure that everything works together and takes responsibility for the delivery and support. Exsitec has a nationwide delivery organization with 120 employees with combined expertise in IT and business management. They use leading systems like Visma Business, Visma.net, QlikView / Sense Effect Plan, Mobigo and MediusFlow. Exsitec is headquartered in Linköping and has regional offices in Stockholm, Gothenburg, Malmö, Örebro, Sundsvall and Söderhamn. www.exsitec.se

About Standout Capital – Standout Capital is a Stockholm-based private equity firm investing in growing Nordic tech companies. As an active owner, our mission is to partner with outstanding companies to help them grow and succeed. Standout Capital’s investment strategy is to support the digital transformation in business and society. The founders and investment team build on experience in entrepreneurship, investments and finance. The Standout Capital I fund is SEK 1 billion. www.standoutcapital.com

Standout Capital I AB benefits from the support of the European Union under the Equity Facility for Growth established under Regulation (EU) No 1287/2013 of the European Parliament and the Council establishing a Programme for the Competitiveness of Enterprises and small and medium enterprises (COSME) (2014-2020)

 

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Almi Invest invests in Studybee

Almi Invest

Almi Invest invests two million in Malmo Company StudyBee, a elevutvecklings- and assessment service for Google Classroom, which allows teachers to individualize and grade student assignments.

In the issue of a total of four million is also participating private investors, among others Djäkne startup Studio and football pros Pontus Jansson and Robin Olsen through his investment company PJ & PL Invest AB. The money will be used to launch in the UK.

Today’s school becomes increasingly digitized, but teachers are often referred to several different, often complex, systems for planning education, rate and follow up. It means that the teacher must devote much time on administration. This would StudyBee easier by offering a product that provides comprehensive assessment in handy Google Classroom.

With StudyBee teacher can easily perform all tasks related to teaching, feedback to the student, grades, and save and share information with the individual student.

– StudyBee release time for teachers and makes it easy to individualize instruction and follow the curriculum, says Jenny Strömberg, Investment Manager at Almi Invest. It becomes more and more obvious that the use of digital content in the classroom. Here StudyBee good opportunity to establish itself as a leading player.

The service launched in Sweden in autumn 2016 and has already managed to attract 170 schools with 20,000 students. Establishment in the UK took place in spring 2017 and the plan is also a presence in the US eventually. The launch is in partnership with Google’s Premium Partners, for example, British C-Learning.

– Thanks to this capital increase, we can now continue to process our markets in cooperation with Google’s partners, says StudyBees CEO Ian Rattigan. Our goal is to StudyBee will help to reduce teachers’ workload and help students achieve their potential.

 

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Evatic acquires WS Software

Viking Venture

Evatic AS, a leading software vendor within Service Management, have acquired WS Software AB in Sweden, the owner of the WinServ service management software product. Together Evatic and WinServ will have more than 800 customers in 30+ countries and be the leading European service management software supplier. WS Software has its main office in Stockholm.

“We are extremely happy to add WinServ to our product family” says Pål M. Rødseth, CEO of Evatic. “We have known Ronny, founder and CEO of WinServ, for years and we believe that the two organisations will be much stronger together when it comes to developing the service management software solutions for the future. This is our second acquisition in less than a year, following our acquisition of Tesseract in the UK in September last year, and it is in line with our strategy to become the leading player within this space”.

“I believe that WS Software is in the best hands going forward”, says Ronny Fransson, founder and CEO of WS Software. “We have known Evatic for many years, and we are confident that the WinServ solution will be in the best hands going forward. Being part of a larger software group will add strength to the product development that is needed to be a service management solution provider in the future”.

Evatic is a leading European service management software company with the head office in Trondheim, Norway and offices in the UK, Sweden, Germany, France, Holland and Singapore. With a global reach and more than 800 customers in 30+ countries providing customers with service management solutions under the Evatic, Tesseract and WinServ umbrella, Evatic offers a broad product suit for companies that need to make their services profitable.

Evatic is a private company owned by the founders and Viking Venture.

For further information, please contact: Pål M. Rødseth, Evatic CEO, +47 9069 7159

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Takeover Offer of Bain Capital and Cinven for STADA successful

Cinven

Takeover Offer of Bain Capital and Cinven for STADA successful

  • Minimum acceptance threshold reached
  • Final results to be published tonight

Frankfurt / Munich, 18 August 2017 – Nidda Healthcare Holding AG, a holding company controlled by funds advised by Bain Capital Private Equity, LP (“Bain Capital”) and by Cinven Partners LLP (“Cinven”), has acquired above 63 percent of all outstanding shares of STADA Arzneimittel AG (“STADA” or the “Company”) during the acceptance period which ended on 16 August 2017. Therefore the minimum acceptance threshold has been reached and all offer conditions have been fulfilled.

Dwight Poler and Michael Siefke, Managing Directors at Bain Capital, said: “We are pleased that the required majority of STADA’s shareholders has decided to accept our very attractive second Takeover Offer. This confirms that the decision to relaunch the offer was in the best interest of the Company and its shareholders. We thank the STADA Management and Supervisory Boards as well as the Advisory Board for their strong level of support, which has been instrumental in reaching this goal.”

Supraj Rajagopalan and Bruno Schick, Partners at Cinven, said: “Following the successful closing of the transaction, we look forward to strengthening further STADA’s existing operations as well as growing the Company’s position as a global pharmaceutical business. Bain Capital and Cinven are committed to adding significant value to STADA including investment in organic growth and expansion through acquisitions. Building on STADA’s highly qualified employees, strong brands and market opportunities, we look forward to initiating the next phase of the Company’s development.”

Pursuant to section 16 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz), shareholders who have not yet tendered their shares can accept the Offer during the two weeks mandatory additional acceptance period, which starts with the publication of the final results pursuant to section 23 para 1. sentence 1 no. 2 the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz).

The offer document and all other information about the second Takeover Offer are available on the following website: www.niddahealthcare-angebot.de

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Standout Capital Invests in BCB Medical and the Future of Digital Healthcare

Bcb

Standout Capital invests in BCB Medical Oy, the Nordic market leader in gathering and analysing clinical data. The investment will support the continued growth of BCB Medical’s established business in the Finnish market as well as the international launch of the company’s software and clinical data products. Standout Capital and Tesi lead the investment round. Following the investment, Standout Capital becomes BCB Medical’s largest shareholder.

Technology in healthcare is advancing rapidly across all areas. BCB Medical develops quality register software for outcome based healthcare. As of today, more than 9 000 healthcare professionals at 200 clinics in Finland are using BCB Medical’s software on a daily basis. The objective is to establish best practice treatments and implement comparable monitoring in all of Finland’s hospital districts. With the investment, BCB Medical will double its staff in Finland over the next three years. At the same time, the company will expand the coverage of its software and quality registries from current 60 disease groups to 100, and start international expansion.

The digital model created in Finland for comparing treatment quality is well advanced on an international level. BCB Medical has over the years collected a structured clinical database of 1 million treatments with up to 3 000 data points in each of treatment – a highly valuable resource for healthcare professionals as well as medical researchers at universities and pharma companies. BCB Medical has received a lot of interest from outside Finland for quality registries and the clinical data, and is now actively looking to launch internationally.

Following the investment, Standout Capital becomes the largest shareholder in BCB Medical and will together with Tesi own the majority of the shares. Among other co-investors, the Stockholm-based Backstage Invest also participated in the financing round. Pre-investment shareholders will continue as minority shareholders of the company.

“Standout Capital brings expertise in the growth and internationalisation of technology companies and Tesi has huge networks in both Finland and abroad. Thanks to Standout Capital and Tesi’s investment, we will have more resources to serve the Finnish healthcare market and invest in new services and international markets related to analysing and comparing clinical data. Our aim is to spread best practices in outcome based healthcare, which will improve the quality of treatments and achieve a better quality of life for patients,” says BCB Medical’s Managing Director, Petteri Viljanen.

“We are impressed with BCB Medical’s success in working closely with the leading Finnish healthcare providers in developing software that ultimately benefits patients. BCB Medical is a great example of our strategy to partner with outstanding technology companies that are transforming their industries through digitalisation,” says BCB Medical’s new Chairman and Standout Capital’s Partner, Erik Wästlund.

Contacts and further information

Erik Wästlund, Partner, Standout Capital, +46 70 755 79 69, erik.wastlund@standoutcapital.com
Petteri Viljanen, Managing Director, BCB Medical, +358 400 727 366, petteri.viljanen@bcbmedical.com

About BCB Medical – BCB Medical is the Nordic market leader in gathering and analysing clinical data in digital quality registers. The mission is to combine, analyse and illustrate clinical data gathered from various sources and present it in an understandable format so that current and future generations can live healthier lives. BCB medical’s vision is to revolutionise the way clinical data impacts people’s lives. BCB Medical employs 53 people and 2016 turnover was around EUR 4 million. The company’s head office is located in Turku, Finland, with offices in Espoo, Oulu and Tampere. www.bcbmedical.com

About Tesi – Tesi (Finnish Industry Investment Ltd) is a venture capital and private equity company investing in growth companies, both directly and via funds. Operating as an active minority owner, Tesi provides access to business expertise and international networks for implementing the company’s growth strategy. Tesi’s investments under management total close to EUR 1 billion. www.tesi.fi

About Standout Capital – Standout Capital is a Stockholm-based private equity firm investing in growing Nordic tech companies. As an active owner, our mission is to partner with outstanding companies to help them grow and succeed. Standout Capital’s investment strategy is to support the digital transformation in business and society. The founders and investment team build on experience in entrepreneurship, investments and finance. The Standout Capital I fund is SEK 1 billion. www.standoutcapital.com

Standout Capital I AB benefits from the support of the European Union under the Equity Facility for Growth established under Regulation (EU) No 1287/2013 of the European Parliament and the Council establishing a Programme for the Competitiveness of Enterprises and small and medium enterprises (COSME) (2014-2020)

 

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