Category Archives: News

HEPACO Acquires PetroChem Recovery Services

Gryphon Investors

Transaction Represents the 4th Acquisition Completed Under Gryphon’s Ownership

Charlotte, NC – January 18, 2019 —

HEPACO, LLC (“HEPACO”), a leading provider of environmental and emergency response services, announced today that it has acquired PetroChem Recovery Services, Inc. (“PetroChem” or “the Company”) from Succession Capital Partners. Headquartered in Norfolk, VA, PetroChem is a leading environmental services provider for transportation, industrial, and government clients. Terms of the deal were not disclosed. HEPACO is majority-owned by San Francisco-based Gryphon Investors, a leading middle market private equity firm. This transaction represents the fourth acquisition completed under Gryphon’s ownership.

HEPACO Chief Executive Officer Ken Smith said, “We are thrilled to announce the acquisition of PetroChem and welcome their team to HEPACO.” Mr. Smith added, “We look forward to working with the PetroChem team to enhance our emergency response and environmental service offerings and better serve our customers.” HEPACO Chairman and Gryphon Operating Partner Phil Petrocelli said, “We are excited to continue our successful acquisition strategy with the PetroChem transaction. We anticipate continuing HEPACO’s expansion through new geographies and greater coverage density in attractive markets.”

Succession Capital Partners Managing Partner Matt Malone stated, “We have very much enjoyed working with the talented team at PetroChem and are delighted to announce the Company’s sale to HEPACO, which we believe is the ideal partner to facilitate PetroChem’s next phase of growth for both its customers and employees.”

Katten Muchin Rosenman LLP acted as legal advisor to HEPACO, while Queen Saenz + Schutz PLLC represented PetroChem.

About HEPACO
HEPACO (www.hepaco.com) is a leading provider of emergency response, environmental remediation, maritime services, wastewater treatment, and other industrial services across a diversified group of end markets including rail, oil & gas, transportation, power & utility, and manufacturing. The company has a broad geographic footprint more than 40 locations in the Mid-Atlantic, Midwest, Northeast, and Southeast United States and offers a three-hour or less response time within its footprint and on a national basis through its managed network of third-party emergency response vendors. HEPACO provides services on both an emergency response and planned basis.

About PetroChem Recovery Services 
Based in Norfolk, VA, PetroChem (www.petrochemrecovery.com) serves as a full service environmental consulting and remediation company in the Mid-Atlantic region to large industrial, government agencies, small business, and residential clients. PetroChem provides emergency response to spill incidents in addition to hazardous material stabilization and packaging, facility decontamination, and hazardous waste transportation and disposal.

About Gryphon Investors
Based in San Francisco, Gryphon Investors (www.gryphoninvestors.com) is a leading private equity firm focused on profitably growing and competitively enhancing middle-market companies in partnership with experienced management teams. The firm has managed more than $4.5 billion of equity investments and capital since its founding in 1997. Gryphon targets making equity investments of $50 million to $200 million in portfolio companies with sales ranging from approximately $100 million to $500 million. Gryphon prioritizes investment opportunities where it can form strong partnerships with owners and executives to build leading companies, utilizing Gryphon’s capital, specialized professional resources, and operational expertise.

Contacts

 

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Verdane invests in leading eSourcing company Scanmarket

Verdane Capital

Verdane Edda has invested in Scanmarket, a cloud-based SaaS suite within strategic sourcing software. The goal of the investment is to strengthen Scanmarket’s position as a best of breed solution within eSourcing and to build a leading international Source-2-Contract (S2C) software company that helps procurement professionals in achieving cost savings.

Founded in 1999, Scanmarket is a top-rated niche player targeting medium and large companies to help digitalise their procurement function in order to improve efficiency and provide cost savings. On average, Scanmarket’s platform helps achieve cost savings between 10-15% for procurement professionals. Based in Solbjerg, Aarhus in Denmark, Scanmarket supports procurement teams with purchasing, planning, assessment and performance management through a Source-to-Contract SaaS suite. Its client portfolio of more than 120 customers includes automobile manufacturer Nissan, film studio Paramount Pictures, facility service company ISS and grocery retailer COOP. Spread across 29 countries primarily in North America and Europe, Scanmarket has employees in Denmark, the UK, the US, Germany, the Netherlands and Ukraine. The global market for Strategic Sourcing Applications is estimated at USD 1.5 billion by Gartner, a leading research and advisory company.

“Scanmarket is already a fast-growing global market leader in a strategic procurement software niche, and I believe Verdane the ideal partner for us to further accelerate growth”, says Scanmarket founder Ole Nielsen.

“This partnership allows us to accelerate our investments into product development and marketing, so that even more companies can benefit from the cost savings generated by our clients from adopting our platform”, adds CEO Betina Nygaard.

“Procurement is still relatively undigitalised compared to for example marketing. In the transition to cloud-based software for procurement professionals, efficient platforms like Scanmarket’s are key to reaping the benefits of engaging with multiple suppliers, to increase productivity and to generate cost savings when using for example eAuctions as part of the engagement. We look forward to working together with the team at Scanmarket in realising the company’s growth potential”, comments Martin Welna, investment director at Verdane’s Danish office.

Scanmarket joins a Verdane roster of over 170 software and consumer internet investments made over the last 14 years. CEO Betina Nygaard and CCO Ole Nielsen will reinvest in Scanmarket to retain an ownership stake at approximately 10%, with Verdane Edda holding the remaining 90%. Both Nygaard and Nielsen will remain with the company to play an active role in its future development.

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For more information, please contact:

Jonathan Bui, Communications Manager, Verdane: +46 76 27 28 100

Betina Nygaard, CEO, Scanmarket: +45 22 52 83 24

Ole Nielsen, CCO, Scanmarket: +45 20 12 30 09

About Scanmarket

Scanmarket is a market-leading global strategic sourcing platform that since 1999 has delivered superior bottom-line results in savings, transparency and efficiency to hundreds of organizations globally. We achieve this by dramatically increasing adoption and volume through a proven cloud-based platform that is easy to use, easy to get expert support, and easy to do business with. Scanmarket has 43 employees working out of offices in Solbjerg, London, Hamburg, Amsterdam and Atlanta. For more information, please visit www.scanmarket.com

About Verdane

Verdane funds provide flexible growth capital to fast-growing software, consumer internet, energy or high-technology industry businesses, through both minority and majority investments in individual companies and portfolios. Verdane funds act as ambitious, active, and long-term owners, helping management teams and companies accelerate and sustain growth by leveraging the Verdane advisory team’s unrivalled technology capabilities and proven track record in driving business value. Verdane funds’ and SPVs’ current portfolio includes EasyPark, inRiver, HR Manager and Freespee. Verdane funds have attracted SEK 12 billion in total commitments from investors. Verdane Advisory Group has 39 employees working out of offices in Copenhagen, Helsinki, London, Oslo and Stockholm. For more information, please visit www.verdane.com

Categories: News

Personio raises $40m Series B funding

Northzone

German HR and recruiting platform Personio raises $40M Series B led by Index

Steve O’Hear@sohear / 
Personio Management Team_high_res_(3_founders_on the left)

Personio, the German HR and recruiting platform, has raised $40 million in a Series B funding. Leading the round is London-based Index Ventures, with participation from existing investors Northzone and Rocket Internet’s Global Founders.

Founded in 2015, Munich-based Personio  has set out to build an “HR operating system” for small and medium-sized companies (SMEs) ranging from 10 to 2,000 employees. The cloud-based software is designed to power all of a company’s HR and recruiting processes, either via the product’s own core functionality or through its ability to integrate with third-party software.

“We believe in the benefit of a holistic HR solution that covers the entire employee life cycle, while its functionalities need to adapt to individual customer requirements and processes,” Personio co-founder and CEO Hanno Renner tells me.

“That being said, we distinguish between the bread-and-butter HR activities which every company needs to do (e.g. recruiting, on-boarding, time-off management, payroll etc.) and those that are either industry-specific or rather-nice-to-haves.”

Examples include hardware-based time tracking and employee engagement, respectively. “We focus our efforts on providing a best-in-class experience for what we consider bread-and-butter HR,” adds Renner. “For more specific requirements, we let our customers choose from a growing number of integrated vertical solutions based on their needs. Data will be synced so Personio acts as the system of record for all HR information and information only needs to be entered once.”

In addition to “out of the box” third-party software integrations, Personio’s claim to offer an HR operating system is backed up by the company’s open API, which is designed to cover various use cases where accessing data that is stored in Personio can add further value to customers. This includes building something as simple as a Slack bot using Personio data, to connecting Personio to a company’s data-warehouse or deeper integrations with internal systems.

More broadly, Renner says this holistic approach, coupled with Personio’s workflow automation that aims to cut down on time wasted on repetitive tasks, is not only resonating with HR managers and recruiters who typically use the product for several hours per day, but is also finding use with managers, executives and other employees. The end result is that HR and recruitment processes can become much more distributed across a company.

To that end, Personio says its Series B funding will be used to help the company attempt to become Europe’s leading provider of human resources software for SMEs. It boasts more than 1,000 clients in 35 countries, seeing more than 150,000 employees and several hundred thousand applicants currently being managed within Personio.

“We believe that now is the right timing to actively expand into further regions, and the funding as well as Index expertise will certainly help in making that move successful,” adds the Personio CEO. “Apart from that, we consider ourselves a product-driven company and hence want to continue to strongly invest into building the best product for our customers, which will mean significantly growing our product and engineering team and potentially even opening a new office to facilitate hiring.”

Categories: News

3i announces sale of OneMed generating proceeds of c. £100 million

3I

 

3i Group plc (“3i”), and funds managed by 3i, have entered into a sale and purchase agreement to sell their investment in OneMed, the leading medical supplies distributor in Northern Europe, to Nalka Invest AB.

Proceeds to 3i will be c. £100m. The transaction is expected to complete in March 2019, subject to customary antitrust approvals.

3i invested in OneMed in 2011. During 3i’s ownership, the company successfully strengthened its market positions in Sweden, Denmark and Finland and built its international footprint through three strategic acquisitions in the Netherlands and a major expansion in Norway.

For further information, contact:
3i Group plc
Silvia Santoro
Investor enquiries
Kathryn van der Kroft
Media enquiries
Tel: +44 20 7975 3258
Email: silvia.santoro@3i.com
Tel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com

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Altas Partners Completes Sale of NSC Minerals

Altas Partners

Toronto, ON – January 17, 2019 – Altas Partners today announced that it has completed the sale of NSC Minerals Ltd. (“NSC” or the “Company”), a market-leading provider of salt products in Western Canada and the North Central United States. Financial terms of the transaction were not disclosed.

NSC is a leading producer of salt products to provincial, state, and municipal governments, contractors, and industrial customers. The Company offers a wide range of bulk, industrial, and packaged products used in critical applications such as road de-icing.

“Altas was a great partner to our management team,” said Neil Cameron, President and CEO of NSC Minerals. “Consistent with their approach, Altas has supported investments that have positioned NSC for long-term success. We are grateful for the insight they have provided, including supporting key strategic decisions and areas of investment across the business, and thank them for their partnership.”

“It has been a privilege to partner with Malcolm Leggett, NSC’s visionary founder, CEO Neil Cameron and the entire NSC team over the past many years,” commented Andrew Sheiner, Founder and Managing Partner of Altas Partners. “Through a collaborative partnership, we were able to enhance operational performance considerably, driven by logistics optimization and strategic capital investment throughout NSC’s network. We wish the NSC team all the best as they continue to build this wonderful business in the years to come.”

About NSC Minerals Ltd.
Founded in 1988 and based in Saskatoon, Saskatchewan, NSC is a market-leading provider of salt for de-icing, industrial, and agricultural applications. NSC distributes product through a best-in-class logistics network to customers including provincial, state, and municipal governments, contractors, and industrial customers in Western Canada and the North Central United States.

For more information: https://nscminerals.ca

About Altas Partners
Altas Partners is an investment firm with a long-term orientation focused on acquiring significant interests in high-quality, market-leading businesses in partnership with outstanding management teams. Key elements of the firm’s approach include responsible capital structures, active ownership through strategic and operational support and an emphasis on sustainable value creation. Altas invests on behalf of endowments, foundations, public pension funds and other institutional investors.

For more information: https://www.altas.com

Media Contacts:

Altas Partners
Sard Verbinnen & Co.
Andrew Cole / Julie Rudnick
U.S.: +1 (212) 687 8080

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Kissner Group Holdings Acquires NSC Minerals from Altas Partners

Overland Park, Kan. and Toronto, ON – January 17, 2019 – Kissner Group Holdings LP, the parent company of a leading bulk salt, specialty packaged salt and evaporated salt producer, Kissner, today announced that it has acquired NSC Minerals Ltd. (“NSC” or the “Company”), a market-leading provider of salt products in Western Canada and the North Central United States, from an investor group led by Altas Partners. Financial terms of the transaction were not disclosed.

NSC is a leading producer of salt and calcium chloride products to provincial, state, and municipal governments, contractors, and industrial customers. The Company offers a wide range of bulk, industrial, and packaged products used in critical applications such as road de-icing.
NSC will continue to operate under its existing brand as a subsidiary of Kissner. The Company’s production, packaging and storage facilities in Canada and the U.S. will remain fully operational.
“NSC is a well-run and highly complementary addition to our growing platform and solidifies Kissner’s position as one of North America’s premier, multi-regional salt companies,” said Mark Demetree, Executive Chairman and Chief Executive Officer of Kissner Group Holdings LP. “With its strong position in the Western Canada highway de-icing salt market and growth potential in the calcium chloride market, NSC expands our geographic presence in Canada and enhances our financial scale and flexibility with non-cyclical, recurring revenue. I look forward to welcoming the talented NSC team to Kissner as we pursue our next phase of growth together.”
“We are pleased to continue to help expand Kissner’s geographic footprint and aggressively support the company’s management team in their growth efforts,” said Jeffrey Siegal, Partner at Metalmark Capital. “We look forward to our continued work with this great company to further its capabilities to deliver exceptional products and service to its customers.”

“It has been a privilege to partner with Malcolm Leggett, NSC’s visionary founder, CEO Neil Cameron and the entire NSC team over the past many years,” commented Andrew Sheiner, Founder and Managing Partner of Altas Partners. “Through a collaborative partnership, we were able to enhance operational performance considerably, driven by logistics optimization and strategic capital investment throughout NSC’s network. We wish the NSC team all the best as they continue to build this wonderful business in the years to come.”
The transaction closed January 16, 2019.

About NSC Minerals Ltd.
Founded in 1988 and based in Saskatoon, Saskatchewan, NSC is a market-leading provider of salt for de-icing, industrial, and agricultural applications. NSC distributes product through a best-in-class logistics network to customers including provincial, state, and municipal governments, contractors, and industrial customers in Western Canada and the North Central United States.
For more information: https://nscminerals.ca/
About Kissner Group Holdings LP
Kissner Group Holdings LP is the parent company of Kissner and is owned by Metalmark Capital Holdings LLC (“Metalmark Capital”), a private equity firm, Silvertree‐KMC II LP, a venture between Silverhawk Capital Partners and Demetree Salt, LLC, and the Kissner management team.

About Kissner
Headquartered in Overland Park, Kansas, Kissner is a leading, vertically integrated bulk salt, specialty packaged salt and evaporated salt producer focused on governmental and commercial customers in the Great Lakes, Great Plains, Midwest and East Coast regions and Ontario province. Kissner owns and operates two rock salt mines located in Detroit, Michigan and Lyons, Kansas, as well as an evaporated salt business (US Salt) which has a salt refinery in Watkins Glen, New York.
For more information: http://www.kissner.com

About Metalmark Capital

Metalmark Capital is a leading private equity firm that seeks to build long-term value through active and collaborative partnerships with business owners, founders, and executives. The firm focuses its investment activity in growth industrials, natural resources, agribusiness, and healthcare. Metalmark Capital manages funds with $3.7 billion in aggregate capital commitments. For more information: http://www.metalmarkcapital.com About Silvertree-KMC II LP Silvertree-KMC II LP is a special purpose vehicle, led by Silverhawk Capital Partners and Demetree Salt, LLC. Silverhawk Capital Partners is an independent investment group established in 2005 to invest in management buyouts and other private equity transactions in the growth industrial, energy/natural resources and business service sectors. The partners of Silverhawk have invested as a team and operated businesses since 1989, and have successfully deployed more than $1.3 billion of capital at high rates of return. For more information: http://www.silverhawkcapitalpartners.com Demetree Salt, LLC is a family investment office.

About Altas Partners
Altas Partners is an investment firm with a long-term orientation focused on acquiring significant interests in high-quality, market-leading businesses in partnership with outstanding management teams. Key elements of the firm’s approach include responsible capital structures, active ownership through strategic and operational support and an emphasis on sustainable value creation. Altas invests on behalf of endowments, foundations, public pension funds and other institutional investors. For more information: http://www.altas.com

Media Contacts:
Altas Partners Kissner Group Holdings LP Metalmark Capital
Sard Verbinnen & Co. Mike Lenox Sard Verbinnen & Co.
Andrew Cole / Julie Rudnick U.S.: +1 (913) 713 0630 Warren Rizzi
U.S.: +1 (212) 687 8080 U.S.: +1 (212) 687 8080

Categories: News

GP Bullhound advises Method Communications on its sale to Chime Communications Group

Gp Bullhound

GP Bullhound acted as exclusive financial advisor to Method Communications, a technology PR and marketing agency based in San Francisco and Salt Lake City, on its sale to Chime Communications Group, the global sport, entertainment and communications group. Through the acquisition, Method will become part of the Chime Specialist Group, a family of best-in-class agencies that are challenging traditional agency models.

David Parkinson, CEO of Method, commented: “We are thrilled to be part of Chime and anticipate a phenomenal partnership as we move forward. GP Bullhound’s deep expertise and global network in the digital marketing sector proved invaluable in helping us find the right partner and was instrumental in making this process a success.”

Adam Birnbaum, Director at GP Bullhound, commented: “It was a pleasure to have advised Method in this strategic transaction with Chime. Method’s unique expertise and approach has enabled them to become one of the most recognized technology agencies in the U.S. and will fit very well within Chime. Method’s impressive client roster of leading technology companies will benefit from the breadth of Chime’s capabilities.”

The transaction is further testament to GP Bullhound’s expertise in advising category leaders in the digital services sector, with more than 20 transactions completed in the last 24 months including the sales of Oliver to You & Mr Jones, Namics to Merkle, Kepler Group to KYU, Solita to Apax Digital, and Karmarama to Accenture, among many others.

Inquiries
For inquiries please contact: Adam Birnbaum, Director, at Adam.Birnbaum@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound

 

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Vistara Capital Partners is proud to announce our investment in CoolIT Systems.

Vistara

Vistara Capital Partners is proud to announce our investment in CoolIT Systems, the leader in modular liquid cooling technology targeted at data centers. This investment, made by the Vistara Technology Growth Fund III LP, is expected to bolster CoolIT’s anticipated growth as the demand for liquid cooling technology continues to rise.

CALGARY, AL – CoolIT Systems, the world leader in modular, scalable data center liquid cooling technology, has partnered with Vistara Capital Partners as the company expands production capacity to service new and existing global data center customers.

Vistara’s investment was made by the recently announced Vistara Technology Growth Fund III LP, a USD$100 million fund focused on providing flexible and tailored debt financing for technology companies across North America.

“With our order backlog expanding by 400% in the last year, access to additional capital is critical for continued success,” said CoolIT Systems CFO, Peter Calverley. “With the creative financing package provided by Vistara the financial foundation is in place for 2019 to be another year of significant growth in data center liquid cooling sales for CoolIT.”

“CoolIT Systems is at an exciting inflection point, managing a significant expansion of their business as liquid cooling is experiencing accelerated adoption by data center OEMs and operators,” said Vistara Partner, Noah Shipman. “Investment structures that efficiently facilitate growth over time is a hallmark of Vistara. We are thrilled to invest in and support another emerging Canadian technology leader.”

About Vistara Capital Partners

Headquartered in Vancouver BC, Vistara Capital Partners provides highly flexible and tailored technology growth capital for tech companies across North America. Founded, managed, and funded by seasoned technology finance and operating executives, “Vistara” (Sanskrit for “expansion”) is focused on enabling the growth and expansion of its portfolio companies. Additional information is available at www.vistaracapital.com.

About CoolIT Systems

CoolIT Systems specializes in scalable liquid cooling solutions for individual servers through to the world’s most demanding data centers and HPC systems. Through its modular, rack-based Direct Liquid Cooling technology, Rack DCLC™, CoolIT enables dramatic increases in rack densities, component performance and power efficiencies. From Passive Coldplate Loops specifically designed for the latest high TDP processors from Intel, NVIDIA and AMD, to Rack Manifolds and Coolant Distribution Units (CDUs), CoolIT’s reliable technology installs into any server or rack, ensuring ease of adoption and maintenance. For more information about CoolIT Systems and its technology, email or visit https://www.coolitsystems.com/.

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Infor Announces $1.5 Billion Investment Ahead of Potential IPO

Golden Gate Capital

NEW YORK — January 16, 2019 — Infor, a global leader in business cloud software specialized by industry, today announced an agreement to receive a $1.5 billion investment from shareholders Koch Equity Development, LLC (KED) and Golden Gate Capital.

This investment builds on KED’s investment of more than $2 billion in early 2017, and it represents an important milestone as Infor considers a potential IPO in 2019 or 2020, subject to market conditions.

“Koch and Golden Gate Capital have been phenomenal partners for Infor, and all of our 17,300 employees are excited about this milestone as we prepare for the next stage of growth,” said Charles Phillips, CEO of Infor.

Under Phillips’ leadership, and over the course of Infor’s partnership with KED and Golden Gate Capital, Infor has invested approximately $2.5 billion in product design and development over the last five years and delivered more than 475 new products, 1,870 integrations, and 20,700 industry features in its CloudSuite product line. Infor CloudSuite is now the only fully multi-tenant ERP suite spanning front and back office applications, as well as logistics with global support (in terms of languages, currencies, and localizations).

“Koch was a customer of Infor before we became an investor in the Company, and Koch Industries’ companies continue to move their most mission critical applications to Infor CloudSuites,” said Jim Hannan, Koch Executive Vice President and CEO of Enterprises for Koch Industries, Inc. “Infor’s innovative products have helped lead our digital transformation as we continue to deploy them globally for 120,000 employees.”

With over $3 billion of revenue in fiscal year 2018, Infor became the first company to move mission critical ERP application suites to public clouds for entire industries. Infor’s CloudSuites are the foundation for digital transformation for more than 9,500 customers in 110 countries. Infor applications span financials, manufacturing, supply chain, human resources, and customer relationships.

Over the last five years, Infor has consistently gained market share in cloud applications, and 70% of its software license revenue is now derived from cloud applications.

Fundamental to Infor’s strategy is its ability to engineer each CloudSuite for a specific industry. Infor eliminates the need for expensive customizations and runaway consulting engagements. Customers routinely lower costs by 25% or more by retiring mods, eliminating big bang upgrades, and reducing infrastructure costs after moving to CloudSuite.

Infor has expanded its presence in key industries such as healthcare, manufacturing, retail, the public sector, and hospitality. Over 72% of all hospitals in the U.S. run Infor applications, as well as 19 of the top 20 automotive suppliers and 8 of the top 10 fashion brands.

“Companies see the value in shifting their enterprise applications to the cloud but can’t make that transition until critical industry features are replicated there. Infor built these previously bespoke features as standard cloud services and now has access to valuable data across business functions to build predictive analytics and insightful correlations on our Coleman AI platform,” said Phillips.

Infor CloudSuite is also future proofed for innovation. Infor applications run on public scale clouds and open source infrastructure not tied to a single data store and scale out at lower costs using commodity compute and storage on demand. Vertical integration is a legacy of on-premise computing, and modern applications leverage global, commodity infrastructure.

Leadership Quotes

“Infor has undergone a remarkable evolution over the years. We remain strong supporters of the Company’s strategy and leadership team as they pursue their next phase of growth and continue to enhance the operations of businesses across a range of sizes and industries,” said David Dominik, Managing Director of Golden Gate Capital, which made its first investment in Infor in 2002.

“Koch continues to be impressed with Infor’s hyper-scaled, versatile technology, both as an investor, and as a customer of their software solutions,” said Matt Flamini, KED’s President. “Our confidence in the Infor team comes not only from their financial performance, but from the real world results we’re seeing as we implement Infor solutions throughout Koch Industries.”

“Infor’s emphasis on innovation and commitment to delivering solutions to its customers underpins the success of CloudSuites, which offers an unparalleled combination of industry-specific functionality and scalability. We are extremely excited about the opportunity ahead as the Company continues to deliver transformative new products and features,” said Rishi Chandna, Managing Director of Golden Gate Capital.

“Infor has used its partnership with Koch as an opportunity to co-innovate across the wide range of industries in which we operate,” said Brett Watson, Senior Managing Director of KED. “This investment is the result of a shared vision to continue creating innovative solutions that help companies operate more efficiently and effectively.”

About Infor

Infor is a global leader in business cloud software specialized by industry. With 17,300 employees and over 68,000 customers in more than 170 countries, Infor software is designed for progress. To learn more, please visit www.infor.com.

Infor customers include:

• 19 of the top 20 aerospace companies
• 9 of the top 10 high tech companies
• 18 of the 25 largest U.S. healthcare delivery networks
• 18 of the 20 largest U.S. cities
• 19 of the top 20 automotive suppliers
• 17 of the top 20 industrial distributors
• 15 of the top 20 global retailers
• 4 of the top 5 brewers
• 17 of the top 20 global banks
• 9 of the 10 largest global hotel brands
• 8 of the top 10 global luxury brands

About Koch Equity Development, LLC (KED)

With offices in Wichita and London, KED focuses its efforts on strategic acquisitions and industry agnostic principal investments. Significant principal investments completed include Getty Images, Global Medical Response, Meredith/Time Inc., Solera Holdings Inc., The ADT Corporation, and Transaction Network Services. Since 2012, KED has invested more than $10 billion of equity in principal investments.

Since 2003, Koch companies have invested nearly $100 billion in acquisitions and other capital expenditures. With a presence in 50 countries, Koch companies employ nearly 120,000 people worldwide, with about 65,000 of those in the United States. From January 2009 to present, Koch companies have earned more than 1,300 awards for safety, environmental excellence, community stewardship, innovation, and customer service.

About Golden Gate Capital

Golden Gate Capital is a San Francisco-based private equity investment firm with over $15 billion of capital under management. The principals of Golden Gate Capital have a long and successful history of investing across a wide range of industries and transaction types, including going-privates, corporate divestitures, and recapitalizations, as well as debt and public equity investments. Other notable software investments sponsored by Golden Gate Capital include BMC Software, Vector Solutions, Neustar, Inc., LiveVox, and 2020 Technologies. For more information, visit www.goldengatecap.com.

Contact Information

Sharon Sulc
Infor
614.537.6634
sharon.sulc@infor.com

Rob Carlton
KED | Koch Communications and Marketing
316.828.4070
Rob.Carlton@kochcm.com

Jenny Gore | Alyssa Lorenzo
Golden Gate Capital | Sard Verbinnen & Co.
312.895.4700 | 310.201.2040
JGore@sardverb.com | ALorenzo@sardverb.com

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CapMan Infra invests into onshore wind farm in Sweden

CapMan Infra has completed its second investment on behalf of NH Investment & Securities Co., Ltd. (“NHIS”) and NH-Amundi Asset Management Co., Ltd. (“NH-Amundi”), major financial institutions in Korea. The investment is a managed account solution into Överturingen Wind Farm, a large onshore wind farm in Southern Norrland in Sweden. The investment highlights CapMan’s capacity to serve large international investors and CapMan Infra’s ability to access high quality Nordic infrastructure opportunities.

Under the managed account, CapMan Infra will manage NHIS and NH-Amundi’s acquisition of a 50% stake in the wind farm under development. Once completed, the wind farm has a capacity of 235 MW with an ability to produce green electricity for up to 265,000 apartments or 40,000 stand-alone houses annually. Construction on the wind farm has started and the park is expected to be fully operational by the end of 2019. CapMan Infra will manage the asset and the investment will generate long-term management fee for CapMan during the investment period.

“CapMan Infra is excited to partner with NHIS and NH-Amundi to help construct one of the largest onshore wind farms in Sweden. The transaction highlights our ability to access high-quality Nordic infrastructure projects,” says Harri Halonen, Partner at CapMan Infra.

“This mandate demonstrates our ability to provide value-add service to large institutional investors looking to increase their exposure to Nordic private assets. Our strategy includes broadening our international client base, and the co-operation with NHIS and NH-Amundi is a perfect example of its successful implementation,” comments Joakim Frimodig, CapMan’s CEO.

CapMan Infra’s investment focus is core infrastructure and core+ assets with limited market or contractual risks in the energy, transportation and telecom sectors. CapMan Infra recently held a first close on its first midcap Nordic infrastructure fund. The managed account investment into the wind farm is completed exclusive of the fund. The Nordic team operates from Helsinki and Stockholm with a total of 60 years of experience in infrastructure investments.

Scala Fund Advisory acted as placement agent and Newsec as financial advisor in the completion of the managed account investment.

For further information, please contact:
Harri Halonen, Partner, CapMan Infra, tel. +46 768 710 062
Joakim Frimodig, CEO, CapMan Plc, tel. +358 50 529 0665

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value-creation in its target companies and assets. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate and created substantial value in these businesses and assets over the last 30 years. CapMan employs today approximately 120 private equity professionals and has approximately €3 billion in assets under management. We mainly manage the assets of our customers, the investors, but also make investments from our own balance sheet. Our objective is to provide attractive returns and innovative solutions to investors. Our current investment strategies cover Buyout, Growth, Real Estate, Infra, Credit and Russia. We also have a growing service business that currently includes procurement services (CaPS), fundraising advisory (Scala Fund Advisory), and fund management services. www.capman.com

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