Category Archives: News

Manual raises £5M to build its well-being guide for men

Felix Capital

Backing the round is the U.K.’s Felix Capital, Germany’s Cherry Ventures and U.S.-based Cassius Capital.

The first iteration of the startup’s offering is being launched today: a new website that aims to arm men with the knowledge and tools they need “to proactively solve their well-being and look after their health.”

“At Manual  we want men to take control of their health and happiness by helping guide them to the choices that work best for them. We believe this starts with promoting a change in how men approach their well-being,” Manual CEO George Pallis, who co-founded the company along with Michalis Gkontas, tells me.

“Michalis and I both have firsthand experience of the physical and mental toll that can happen when you’re not looking out for yourself, and at Manual we want to encourage men to talk openly, challenging the outdated notions of masculinity where ‘being a man’ meant sweeping problems under the carpet.”

Pallis says Manual’s vision is to improve the everyday lives of men by providing knowledge and solutions for key parts of their well-being, citing a report by the National Pharmacy Association that suggests almost 90 percent of men don’t seek help unless they have a serious problem.

“The goal is to change habits in the way men understand and fix their problems,” he says. “Manual will provide users with products, services and in-depth information so they can implement a holistic approach to their wellness.”

At launch, Manual is focusing on solutions to what Pallis says are two of the most common men’s health problems: erectile dysfunction (ED) and hair loss. The plan is to then build up other well-being offerings from there, “from sex to skin, and hair to general well-being.”

It is also worth noting Pallis and Gkontas’ startup and entrepreneur backgrounds. Pallis was most recently an Entrepreneur in Residence (EIR) at Felix Capital. Before that he ran marketing at Deliveroo, as director of Marketing, and before that he was an early employee at TransferWise. Gkontas built and exited healthy food startup Forky to Vivartia in 2018. The pair say that the stresses associated with startup life also informed their decision to build a platform targeting men’s well-being.

Meanwhile, Manual says its seed funding will be invested into the development and growth of the platform. In addition, the new capital will be used to scale the team, split between its HQ in London and a technical team in Athens, and for further European expansion.

Categories: News

TA Associates Announces Investment in LIST S.p.A.

TA associates

BOSTON and PISA, Italy – TA Associates, a leading global growth private equity firm, today announced that it has completed an investment in LIST S.p.A. (“LIST”), a developer of software solutions for the financial industry. Financial terms of the transaction were not disclosed.

LIST is a provider of mission-critical trading and compliance software solutions and infrastructural services to a wide range of financial institutions. The company’s trading and brokerage platform offering, FastTrade, supports operations in a multi-asset and multi-market environment with modules for pricing, quoting, hedging, position keeping, algorithmic trading and execution management in high and low-touch business environments. LIST’s capital markets, governance, risk and compliance solutions are used by more than 130 customers ranging from investment banks and asset managers in Italy to large global financial corporations. The company is headquartered in Pisa, Italy, and has additional offices throughout Italy and around the world, including the United States, the United Kingdom, Spain, Poland, Canada, India and Malaysia.

“As one of Europe’s leading capital markets technology providers, LIST has a strong and long-term track record of delivering exceptional software and services across a wide range of trading and compliance needs,” said J. Morgan Seigler, a Managing Director at TA Associates who will join the LIST S.p.A. Board of Directors. “Importantly, we are investing alongside what we believe to be a seasoned, passionate and talented management team that will continue to actively build the company. We are honored to be a part of the LIST family and are excited to begin working closely with management to help LIST capitalize on its strategy and international growth initiatives.”

“Over the course of our 33-year history, we have strived to provide our customers with high quality products and services to help them meet their unique trading and compliance needs,” said Enrico Dameri, Co-Founder, Chairman and Chief Executive Officer of LIST S.p.A. “We believe our partnership with TA Associates will help us expand our offerings and territories, while continuing to deliver the services our customers have come to expect. Perhaps what we are most excited about is that TA is fully-aligned with and supportive of our strategy, and has committed to working collaboratively with our team to accelerate our forward momentum. We welcome TA as an investor and look forward to benefitting from this partnership.”

“Software services for financial-focused companies around the world are increasingly playing a more critical role in a variety of daily operations,” said Naveen Wadhera, a Managing Director at TA Associates who will join the LIST S.p.A. Board of Directors. “As institutions around the world continue to shift towards electronic trading practices, we believe LIST is well positioned to take advantage of further growth opportunities in international and emerging markets. We are pleased to have the opportunity to partner with LIST’s management team and founders as we seek to create significant additional value in the company.”

In addition to Morgan Seigler and Naveen Wadhera, Stefan Dandl, a Vice President at TA Associates, will also join the LIST S.p.A. Board of Directors.

Latham & Watkins LLP provided legal counsel and KPMG served as financial advisor to TA Associates. Nctm Studio Legale provided legal counsel and Studio MCCR served as financial advisor to LIST S.p.A.

About LIST S.p.A.
LIST S.p.A. has been a leader for more than 30 years in designing and developing innovative software solutions for the financial world. The company has conceived, designed, developed and produced software and cutting-edge systems for capital markets, helping to create the first electronic Monetary and Financial markets. The company has developed platforms and solutions for trading on financial markets, which have been milestones in the evolution of Trading Systems. LIST has also created integrated solutions for managing risk, audit and governance of organizations and financial processes (governance, risk and compliance). The company was founded in 1985 and is headquartered in Pisa, Italy. More information can be found at www.list-group.com.

About TA Associates
TA Associates is one of the largest and most experienced global growth private equity firms. Focused on five target industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in growth companies. TA has raised $24 billion in capital since its founding in 1968 and is committing to new investments at the pace of $2 billion per year. The firm’s more than 85 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.

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Drillinginfo Acquires MineralSoft to Expand Focus on Managing Mineral and Non-operated Interests

Targets $1 trillion asset class with differentiated technology solution

Austin, Texas (January 15, 2019) – Drillinginfo, the leading energy SaaS and data analytics company, announced today it has acquired MineralSoft, a software platform designed to make managing mineral, royalty, and non-operated working interests easier and more profitable.

Collaboration between Drillinginfo and MineralSoft began in 2017 when the two companies announced a strategic alliance focused on understanding the value of mineral and non-operated assets by providing portfolio insights and analytics in real time. MineralSoft leverages Drillinginfo data and is best known for its comprehensive, user-friendly platform designed to combine critical data sets for managing mineral and non-operated portfolios, including revenue and expense data; production and regulatory data; and a full land and document management system.

Drillinginfo analysts believe oil and gas mineral interests in the U.S. generate more than $50 billion per year in income for nearly 12 million owners. Unfortunately, tools to access, monitor, and effectively manage these interests are severely limited, with owners often suffering from limited information to value their assets. Mineral interests are one of the most valuable, yet least liquid, asset classes in energy today.

“When it comes to minerals, there are thousands of operators, varying lease terms and fee structures, countless payments being made and audits to perform. Managing mineral interests in thousands of wells is far too complex to be handled on a spreadsheet or using an accounting system alone,” said Jeff Hughes, CEO and President of Drillinginfo. “Mineral interest owners want to know if they are being paid correctly, how commodity price changes will affect them, and how their interests stack up compared to their neighbors or competitors,” said Hughes.

“Traditionally, E&P-centric software tools had been repurposed toward mineral and non-operated asset management to address activity tracking, audit, and portfolio intelligence. The resulting solutions simply were not a good fit, and MineralSoft seized the opportunity to build a category-defining company focused solely on this asset class. What previously was a cottage industry of mineral buyers has turned into an important $1 trillion asset class with more players, greater sophistication, and much more capital. We’re seeing significant private equity allocations to minerals and non-operated assets, a growing number of large aggregators and public companies in this area, as well as an increasing awareness among the E&P community that a dedicated non-operated strategy can be an important way to drive incremental value from their asset base,” said Hughes.

Gabe Wilcox, CEO and Co-Founder at MineralSoft added, “The most exciting part of this acquisition is on the technology and data exchange side. We know our systems work seamlessly together because we’ve been collaborating for nearly two years. Every monthly revenue statement or joint interest billing that our customers receive, which might consist of hundreds of pages and thousands of line items, is full of potentially valuable data and actionable insights about the portfolio, but it’s hard to unlock that value when the data is sitting in a static spreadsheet, filing cabinet, or – almost as bad – in an oil and gas accounting system that was never designed to be a portfolio management and analytics tool.”

By digging deeper into asset inventory, land documents, and monthly revenue and expense data in the context of regulatory and other asset information, Drillinginfo answers questions that are important for mineral and non-operated owners and for reporting to shareholders impacted by strategic decisions, such as forecasting asset values, identifying inaccurate or missing payments, and providing insights into portfolio performance.

MineralSoft will be hosting a webinar on January 23, 2019 to showcase how its software can be used to assist mineral owners and others interested in non-operated oil and gas working interests.

Currently, MineralSoft works with more than 120 institutional clients, and handles more than $100M of royalty and non-operated revenue monthly across 225,000 client-owned wells. In 2018 alone, MineralSoft clients logged more than $1.3B of mineral acquisitions on the platform.

Drillinginfo recently acquired Oildex, the largest oil & gas financial automation software firm in North America, and announced intent to acquire Cortex, a Network-as-a-Service company that enables automation of accounts payable and receivable (AP and AR) processes for the oil and gas industry.

About Drillinginfo

Drillinginfo delivers business-critical insights to the energy, power, and commodities markets. Its state-of-the-art SaaS platform offers sophisticated technology, powerful analytics, and industry-leading data. Drillinginfo’s solutions deliver value across upstream, midstream and downstream markets, empowering exploration and production (E&P), oilfield services, midstream, utilities, trading and risk, and capital markets companies to be more collaborative, efficient, and competitive. Drillinginfo delivers actionable intelligence over mobile, web, and desktop to analyze and reduce risk, conduct competitive benchmarking, and uncover market insights. Drillinginfo is a portfolio company of Genstar Capital and serves over 5,000 companies globally from its Austin, Texas, headquarters and has more than 1,000 employees. For more information visit drillinginfo.com.

About MineralSoft

MineralSoft, previously backed by Cottonwood Venture Partners, Blue Bear Capital, and Y Combinator, is the leading software platform for managing minerals, royalties, and non-operated working interests. Focused exclusively on helping owners of these non-operated assets maximize value, MineralSoft delivers powerful revenue and land management solutions through its SaaS platform. MineralSoft’s customers include investment funds, foundations and endowments, corporations and institutions, family offices and trusts, and individuals. The platform helps customers manage their mineral portfolios more efficiently, maximize revenue across all their assets, and make informed, data-driven decisions. MineralSoft has 35 employees and is headquartered in Austin, Texas. Learn more at mineralsoft.com.

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MEDIA INQUIRIES:

Contact: Jon Haubert
303.396.5996

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The Carlyle Group Makes a Strategic Investment in Crimson Midstream, a Provider of Crude Oil Transportation and Storage Services

Carlyle

Investment to Accelerate Crimson’s Growth and Increase U.S. Crude Producers’ Access to Global Markets

WASHINGTON, DC – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announces it has made a strategic equity investment in Crimson Midstream Holdings, LLC (Crimson), a provider of crude oil transportation and storage services that operates more than 2,000 miles of pipeline in the U.S. transporting approximately 400,000 barrels of crude oil per day. This strategic partnership will help enhance Crimson’s support of shippers on its Gulf of Mexico, Louisiana and California pipeline systems and grow its presence in these regions and beyond as demand for U.S. crude export infrastructure increases. Carlyle’s Global Infrastructure Opportunity Fund provided the equity for this investment.

John Grier, Founder and Chief Executive Officer of Crimson, said, “The volume of crude oil being produced in the U.S. is unprecedented. Current pipeline and export infrastructure is insufficient to meet the needs of producers and rising global demand for U.S. oil exports. We look forward to working with Carlyle to build, upgrade and maintain the infrastructure needed to alleviate transportation bottlenecks and accelerate U.S. crude production.”

Ferris Hussein, a Managing Director on Carlyle’s Global Infrastructure team, said, “The U.S. oil industry is undergoing a massive transformation. The Shale Revolution has moved the U.S. from a crude importer to a significant crude exporter. We are pleased to partner with Crimson through this remarkable growth period.”

Crimson is actively expanding U.S. crude export capacity, including development of the Swordfish Pipeline. The binding open season for the Swordfish Pipeline is underway and, once complete, will utilize existing Crimson assets to provide much-needed near-term connectivity for shippers between St. James and Raceland, Louisiana to export markets via the Louisiana Offshore Oil Port LLC (LOOP) terminal facility in Clovelly, Louisiana.

Crimson is committed to pipeline safety and to applying technologies and best practices to ensure its pipelines are properly monitored and maintained for the benefit of its customers and communities.

Market Overview

U.S. pipeline capacity and export infrastructure has not kept pace with the recent significant increase in domestic crude production. The U.S. added over 1 million barrels a day of crude production in 2018 and is currently producing a record 11 million barrels per day, according to the U.S. Department of Energy. Experts agree that meaningful investment is required to accommodate new crude flows and ensure these volumes have market access. New pipelines need to be built, existing pipelines reversed and export infrastructure constructed.  Since the U.S. government lifted its ban on crude exports in December 2015, the total volume of crude exported by U.S. producers has reached as high as 3 million barrels per day, estimated by the U.S. Energy Information Administration.

* * * * *

About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $212 billion of assets under management across 339 investment vehicles as of September 30, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,625 people in 31 offices across six continents.

Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

About Crimson Midstream Holdings, LLC
Crimson Midstream Holdings, LLC is a provider of crude oil transportation and storage services in California, Louisiana and offshore Gulf of Mexico. Crimson safely and reliably operates more than 2,000 miles of pipeline transporting approximately 400,000 barrels of crude oil per day to end users. Crimson is led by a management team with deep experience in pipeline operations and management. For further information on Crimson, visit the company’s website at http://www.crimsonmidstream.com/.

Contact

The Carlyle Group
Liz Gill: +1 (202) 729-5385
elizabeth.gill@carlyle.com

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Ratos acquires remaining shares in TFS

Ratos

Ratos has acquired the remaining shares (40%) in the subsidiary Trial Form Support International AB (TFS) from partner and founder Daniel Spasic for an equity value of approximately EUR 11m. After the acquisition, Ratos’s ownership share totals 100%.

Ratos acquired 60% of TFS, an international service provider and a so-called contract research organization (CRO) that conducts clinical trials for pharmaceutical, biotechnology and medical device companies, from founder and owner Daniel Spasic in 2015. With the acquisition of the remaining 40%, Ratos now owns 100% of the company. The acquisition price for the remaining shares amounts to approximately EUR 11m.

“I am delighted that we have reached an agreement with Daniel to acquire the remaining shares of TFS. We strongly believe in this company, which operates in an attractive industry,” says Johan Rydmark, Director at Ratos and responsible for TFS.

TFS has approximately 650 employees and sales for the rolling 12-month period at 30 September 2018 totalled EUR 85.1m.

For further information, please contact:
Johan Rydmark, Director, Ratos, +46 76 109 94 41
Helene Gustafsson, Head of IR and Press, Ratos, +46 8 700 17 98

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Onex and BPEA to Publicly List Clarivate Analytics through a Transaction with Churchill Capital Corp

Onex

Toronto, Canada, Hong Kong, China, January 14, 2019 – Onex Corporation (“Onex”) (TSX: ONEX), Baring Private Equity Asia (“BPEA”) and their affiliated funds (together “the Group”) today announced they have agreed to publicly list Clarivate Analytics (“Clarivate”) on the New York Stock Exchange through a transaction with Churchill Capital Corp (“Churchill”) (NYSE: CCC), a public special purpose investment vehicle. The transaction implies an enterprise value of approximately $4.2 billion.

Clarivate is a leading provider of critical data, trusted insights and analytics used by universities, corporations, the legal community and other institutions around the world. In 2016, the Group acquired Clarivate from Thomson Reuters. Since then, Clarivate has recruited new management, invested in re-energizing its products and commercial capabilities, and focused on further solidifying its well-known and trusted brands, including Web of Science™, Cortellis™, Derwent Innovation™, Derwent World Patents Index™, CompuMark™, MarkMonitor®, Techstreet™ among many others. Clarivate has begun to experience accelerated revenue growth and will complete its separation from Thomson Reuters this year.
Churchill, led by Chief Executive Officer Jerre Stead, was formed to pursue opportunities in the information services segment of the broader technology services and software industry. The company raised $690 million of cash in an initial public offering in September 2018. Mr. Stead is the former Chairman and Chief Executive Officer of IHS Markit, where he was the architect of a highly successful, long-term track record of profitable growth. Upon completion of the transaction he will become Clarivate’s Executive Chairman.
“Since our acquisition two years ago, Jay Nadler and his management team have done an excellent job establishing Clarivate as an independent business and positioning it for accelerated growth and success in the coming years. This transaction is an exciting milestone in Clarivate’s history and will provide it with even more flexibility to pursue any number of organic and acquisitive growth opportunities,” said Kosty Gilis, a Managing Director with Onex. “Moreover, Churchill’s founders have an extremely impressive and successful history. Jerre is a highly-respected and accomplished executive who brings valuable operational experience and industry relationships. We are absolutely thrilled to have Jerre join forces with Jay and his team, and believe this partnership will further accelerate our growth in the coming years.”

Nicholas Macksey, a Managing Director with BPEA, added: “The combination of Clarivate and
Churchill will bring together some of the most experienced professionals in the information
services industry. We’re excited to be working with Jerre whose experience and network will
allow the company to further accelerate its expansion throughout Asia, which is already the
fastest growing market for Clarivate’s data and related services.”
The Group will not sell any shares in the transaction and will retain 100% of its initial equity,
which will convert to approximately 74% ownership of the outstanding shares of Clarivate at
closing, assuming no redemptions by Churchill’s public stockholders. Onex’ share as a limited
partner in the fund and as a co-investor will be approximately 20%. The remaining outstanding
shares of Clarivate will be held by the founders and current stockholders of Churchill. The
transaction is expected to close in the second quarter of 2019, subject to approval by Churchill
stockholders, Churchill having a specified minimum amount of cash (after giving effect to any
redemptions and payment of its transaction expenses) and other customary closing conditions. In
addition to having the right to vote on the transaction, Churchill’s public stockholders have the
right to have Churchill redeem their shares for cash in connection with the consummation of the
transaction.

Clarivate will also enter into a tax receivable agreement with the Group, which will provide for
the sharing of tax benefits relating to certain pre-combination tax attributes as those tax benefits
are realized by Clarivate. The board of directors of both Churchill and Clarivate have
unanimously approved the proposed transaction.

About Onex
Onex is one of the oldest and most successful private equity firms. Through its Onex Partners
and ONCAP private equity funds, Onex acquires and builds high-quality businesses in
partnership with talented management teams. At Onex Credit, Onex manages and invests in
leveraged loans, collateralized loan obligations and other credit securities. Onex has more than
$33 billion of assets under management, including $6.9 billion of Onex proprietary capital, in
private equity and credit securities. With offices in Toronto, New York, New Jersey and London,
Onex and the team are collectively the largest investors across Onex’ platforms.
Onex’ businesses have assets of $52 billion, generate annual revenues of $32 billion and employ
approximately 218,000 people worldwide. Onex shares trade on the Toronto Stock Exchange
under the stock symbol ONEX. For more information on Onex, visit its website at
www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.

About Baring Private Equity Asia (BPEA)
Baring Private Equity Asia (BPEA) is one of the largest and most established private alternative
investment firms in Asia, with total committed capital of over $17 billion. The firm runs a
private equity investment program, sponsoring buyouts and providing growth capital to
companies for expansion or acquisitions with a particular focus on the Asia Pacific region, as
well as investing into companies globally that can benefit from further expansion into the Asia
Pacific region. BPEA also manages dedicated funds focused on private real estate and private
credit. The firm has a 21 year history and over 170 employees located across offices in Hong
Kong, China, India, Indonesia, Japan and Singapore. BPEA currently has over 30 portfolio
companies active across Asia with a total of 158,000 employees and revenues of approximately
$31 billion. For more information, please visit www.bpeasia.com.
This news release may contain forward-looking statements that are based on Onex and BPEA
management’s current expectations and are subject to known and unknown uncertainties and
risks, which could cause actual results to differ materially from those contemplated or implied by
such forward-looking statements. Onex and BPEA are under no obligation to update any
forward-looking statements contained herein should material facts change due to new
information, future events or otherwise.

For further information:
Onex
Emilie Blouin
Director, Investor Relations
+1.416.362.7711
BPEA
Richard Barton
Newgate Communications
richard.barton@newgate.asia or +852.9301.2056

Categories: News

Lumos Networks and Spirit Communications rebrand as SEGRA

eqt

EQT portfolio company Lumos Networks and Spirit Communications today announced the completion of their rebranding as SEGRASM. The name, derived from an ancient word meaning “to win,” represents Segra’s focus on providing innovative, industry-leading solutions and services. 

EQT Infrastructure III acquired Lumos Networks (“Lumos”) in 2017 with an objective to grow the company’s fiber business both organically and inorganically, and to capitalize on attractive market trends. The later purchase of a majority stake in Spirit Communications (“Spirit”) and subsequent combination of the two companies marked an important step in this ambition. Today, the combined company launched its new brand: Segra.
“Spirit and Lumos were a natural fit given their shared focus on providing innovative, industry-leading fiber-based solutions and services, and we couldn’t be more excited about the outcome. The rebranding to Segra represents the successful combination of the two companies and the creation of one of the largest independent fiber bandwidth companies in the US,” said Jan Vesely, Partner at EQT Partners and Investment Advisor to EQT Infrastructure. “EQT looks forward to continuing to support Segra as it continues to grow, innovate and better serve its customers’ needs.”

Read Segra’s rebranding press release here.

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LAURALU builds its future backed by EVOLEM

Evolem

Lyon, Tuesday, January 15, 2019 – EVOLEM acquires a majority stake in the steel and textile temporary structures specialist called LAURALU.

Located in Saverdun (Ariège) and created in 1998, LAURALU supplies high quality space solutions to logistics operators and industries (SMEs, retailers and institutional and public authorities). Olivier Hohn, Spaciotempo’s (GL Event business unit) former director, took over the company in 2014 with a view to initiate a radical change of the business model from sale to rental, but also to grow internationally through the opening of subsidiaries in United Kingdom and Spain.

LAURALU has established itself as a major player in the manufacturing and leasing of metal and textile structures with a turnover of more than 12 M€ in 2018. The rental offer appears today as an obvious solution for companies’ modular and flexible needs.
With this deal Olivier Hohn wanted to back-up the company with a financial shareholder able to provide long-term support to drive future growth of the company and on which he could rely in order to realise buy and build operations, both in France and abroad.
« The entrepreneurial nature of the Family Office Evolem, the personality of the management team and its clearly expressed desire for external growth have totally convinced me of this choice despite strong interest of other French and international funds.
This operation should help the team build a major European player. »,
explain Olivier Hohn.
« Since the acquisition of LAURALU by Olivier Hohn in 2014, the Company has seen its turnover more than triple with a radical change of its business model offering better visibility on its activity. Olivier Hohn’s experience in this market, his international profile as well as various expansion opportunities have convinced us.»,
testifies Sandrine Escaleira.

Intervenants de l’opération
Buyers : EVOLEM (François NOIR, Sandrine ESCALEIRA, Victor d’HEROUVILLE), SOFILARO (Christophe ROMEYER), Pierre ASSEO, MANAGERS, AUTRES
Legal advisors (buy-side) : ALCYA CONSEIL (Laurent SIMON, Sabine PRADES, Marion MENU)
Legal, social and fiscal due diligence : ALCYA CONSEIL (Laurent SIMON, Sabine PRADES, Marion MENU), CUATRE CASAS (Helene BAUS), STEVENS BOLTON (Nick ATKINS)
Financial Due Diligence : EIGHT ADVISORY (Xavier MESGUICH, Bilel DJEMMALI)
Senior debt : CREDIT AGRICOLE SUD MEDITERRANEE (Sebastien EPALZA, Didier HOCHET), CREDIT AGRICOLE TOULOUSE (Eric ESPIE, Franck ARMANDET, Philippe CHAMOULAUD)
Legal advisor (debt) : PACT AVOCATS (Benjamin DAHAN)
Sellers : MANAGERS, Pierre ASSEO
Legal advisor (vendor) : ALTIJ (Patrick NADRAULT)
M&A advisor (vendor): CAMBON PARTNERS (Guillaume TEBOUL, Philippe BACKES)

About Evolem
Evolem, is a French family office, created and 100% owned by an entrepreneur: Bruno ROUSSET (founder of April group). Evolem’s investment approach is based on a long term strategic vision shared with the management, and no exit horizon in order to accompany the development of leading players in specific sectors.
In the context of majority transactions, Evolem invests in companies with sales between 10 M€ and 80 M€ and operating in niche markets, with the objective of growing small to intermediate size (100 M€ to 150 M€ in sales) through organic and external growth and increased international reach.
Having completed 44 add-ons operations including 11 abroad, Evolem has a solid experience in carrying out such transactions for its platforms, in the identification of potential targets, approach, negotiations and execution.

More information on : https://www.evolem.com/

Press contact :
Peggy DESOUTTER
peggy.desoutter@evolem.com
+33 (0)4 72 68 98 00
+33 (0)6 88 23 15 63

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Cinven invests in RTB House

Cinven

Investment in global provider of high-growth digital advertising technology

International private equity firm, Cinven, today announces that it has signed an agreement to invest in RTB House (‘the Company’), a leading global provider of state-of-the-art retargeting technology for leading brands, for an undisclosed consideration.

Headquartered in Warsaw, Poland, RTB House is leveraging deep learning algorithms in order to enable its retail clients to deliver highly relevant digital advertising campaigns to potential customers who have displayed a purchase intent. RTB House has a blue-chip customer base of close to 1,500 clients worldwide including Adidas, Trivago, Orange and Walmart. Established in 2012, RTB House has global operations with 20 offices worldwide and employs more than 400 people across EMEA, APAC and the Americas.

RTB House has achieved several awards for its strong growth and innovative technology. In 2018, RTB House won The AIconics Award in Best Application of Artificial Intelligence (‘AI’) for Sales & Marketing; and was named by the Financial Times as the 8th fastest growing company in the technology sector in Europe.

Cinven’s TMT Sector team worked closely with its Emerging Europe Regional team to develop this primary investment opportunity, given the following attractive attributes:

  • Strong structural growth trends in the global digital advertising software market;
  • Innovative application of AI;
  • Blue-chip customer base of leading brands globally;
  • Opportunity to accelerate the Company’s growth organically; and
  • Excellent management team, led by Robert Dyczkowski, Chief Executive, Bartłomiej Romański, Chief Technology Officer, Daniel Surmacz, Chief Operating Officer, and Wojciech Głowacki, VP of Sales, with a proven execution track record and significant sector technology experience in advertising and e-commerce.

Cinven’s strategy for RTB House is to work alongside the industry leading management team to:

  • Further internationalise the business drawing on Cinven’s presence in the US;
  • Continue investing in the Company’s cutting edge technology;
  • Selectively pursue value- accretive buy and build acquisitions; and
  • Further professionalise the business with international best practices.

Chris Good, Partner at Cinven, said:

“RTB House is a very exciting business that has demonstrated significant growth, has a strong blue-chip client base, and impressive market-leading technology. 

“We look forward to working with the highly talented management team to further grow the business internationally, both organically and through acquisitions. There are particularly exciting growth opportunities in North America where Cinven has previously successfully grown technology-related businesses including CPA Global.”

Adam Prindis, Principal at Cinven, added:

“RTB House operates in a highly dynamic and fast-growing segment of the technology sector. As e-commerce continues to grow, retailers are focusing increasingly on ways to improve their marketing mix with retargeting playing a very important role. We are very excited about the investment in RTB House which offers truly differentiated solutions, based on advanced AI.”

Robert Dyczkowski and Bartłomiej Romański, CEO and CTO of RTB House, commented:

“We are delighted to be working with Cinven. The team’s expertise in the TMT sector, as well as Cinven’s clear ability of working with companies to internationalise their businesses, will immensely benefit RTB House. We will continue to invest in our state-of-the art and innovative technology to drive the Company’s business performance.”

Paweł Chodaczek, the Company’s co-founder and lead investor prior to the transaction, added:

“I am proud of the remarkable success that Robert, Bartłomiej and the whole RTB House team have achieved and that I have had the pleasure to support them at the challenging earliest stages. Cinven’s investment is a sign of not only great appreciation for the team’s efforts so far, but also a unique chance to boost the company’s further growth.”

The transaction is subject to customary regulatory and antitrust approvals.

Advisors to Cinven on the transaction included: Clifford Chance, Deloitte, Medialink, Prohaska, RBC Capital Markets and Vienna Capital Partners.

Advisors to the Company and Shareholders on the transaction included: CC Group and Weil.

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Unica acquires Dotwood and strengthens ICT positioning

Triton

Hoevelaken/Amsterdam (The Netherlands), 10 January 2019 – Unica, a Triton Fund IV company, announced the acquisition of DotWood, a specialist in Microsoft Dynamics solutions. The acquisition will strengthen Unica’s activities in the field of ICT, an area Unica Schulte ICT, a Unica company, operates in. The purchase price has not been disclosed.

With DotWood’s solutions, Unica expects to be able to respond even better to its customers’ increasing need for simplifying business processes. Microsoft Dynamics offers powerful applications that enable organizations to improve customer relationship management and planning. Because Microsoft Dynamics can be linked to more and more operational systems, integrated optimization and analysis of business processes is possible.

About Unica
Unica provides a wide diversity of technical solutions for your buildings. Using top-of-the-range, innovative technology and an all-round service package, Unica contributes to socially relevant issues in the field of security, comfort & health, ICT, and energy and sustainability. With a network of ten companies, Unica – with 14 sites and over 2,200 employees – is one of the largest providers of technical services in the Netherlands. Unica is amongst the ‘Top 250 Scale-ups in the Netherlands’, an initiative of the Dutch Ministry of Economic Affairs.

For further information: www.unica.nl

About DotWood
Over the years, DotWood has offered consistent, high-quality services to Microsoft Dynamics customers and thereby assures them of important business benefits of the Microsoft Dynamics CRM solutions. Our expertise comes from years of experience and our solutions meet the requirements of real estate companies, manufacturing & distribution companies, Life Science and service companies.

Our experts communicate in an understandable language, without too many technical concepts. In addition, we believe it is important to integrate our software in a way that suits your company culture and way of working.

DotWood is a Microsoft Gold Partner.

Read more at: www.dotwoodcrm.com/

About Triton
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 38 companies currently in Triton’s portfolio have combined sales of around €13.1 billion and around 85,000 employees.

Read more at: www.triton-partners.com

 

Press Contacts:

Triton
Marcus Brans
Phone: +49 69 921 02204

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