Category Archives: News

Partners Group to exit Trimco, a global provider of labels and brand identification solutions to the apparel sect

Partners Group

Partners Group, the global private markets investment manager, has agreed the sale of Trimco International Holdings Limited (“Trimco” or “the Company”), a Hong Kong-headquartered apparel-labeling producer, on behalf of its clients. The Company will be acquired by funds advised by Affinity Equity Partners for a total consideration of USD 520 million, generating a 3.4x return for Partners Group on its original investment.

Founded in Hong Kong in 1978, Trimco provides a full range of garment labels, tags and trimming products to blue chip apparel brands and retailers worldwide. Partners Group acquired Trimco on behalf of its clients in May 2012 and has subsequently worked alongside the senior management team, led by Miranda Kong, the Group CEO and Founder, to oversee a period of expansion in which the Company quadrupled its business and grew from an Asia-centric manufacturing specialist into a global leader in its field. Trimco currently serves more than 500 clients worldwide and has grown from 400 employees in 2012 to more than 1,450 employees today.

Amy Wan, COO of Trimco, comments: “Over the last five years, we have worked hand-in-hand with the Partners Group team during a period of continuous growth and development for our business. Partners Group’s global footprint and expansive network have enabled us to fast-forward our international expansion strategy through targeted add-on acquisitions as well as organic growth. As we change ownership, we are proud to reflect on this tremendous growth trajectory.”

Florian Marquis, Senior Vice President, Private Equity Asia, Partners Group, explains: “Our value creation plan was designed to support Trimco’s international expansion. For example, we focused on building out dedicated client relationship teams in key markets including the UK and major Continental European consumer markets, as well as North America. Additionally, Partners Group supported Trimco in expanding its manufacturing footprint in key apparel hubs across Eastern Europe, Turkey, China, and South and Southeast Asia.”

Notable add-on acquisitions during the five-year holding period included the 2015 purchase of Denmark-headquartered A-Tex, also a global provider of brand identity products including labels, hang-tags, packaging solutions and in-store decorations for leading European and US fashion brands.

Cyrus Driver, Managing Director, Head Private Equity Asia, adds: “When we invested into Trimco in 2012, we could see that it had the potential to become a global leader within its sector. Five years later, and following an exceptional partnership with its senior management team and a structured approach to international expansion, the Company has clearly achieved this goal. We wish the Trimco team continued success in the future.”

Goldman Sachs (Asia) LLC. acted as sole financial advisor and Clifford Chance as legal advisor.

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VALEDO invests in PINCHO NATION

Valedo

Valedo Partners III AB (“Valedo”) has invested in the restaurant chain Pincho Nation AB (”Pinchos”) alongside its founders, key employees and board of directors. With Valedo as a new majority owner, Pinchos will benefit from increased resources in the form of competence and capital to realize and accelerate the Company’s long-term growth and development plan.

Pinchos is a unique app-based restaurant concept, offering a broad menu of appetizers drawing inspiration from all over the world, including dishes such as Spanish quesadillas, Asian dumplings, Hungarian stake, French crème brûlée, and beverages such as mojitos, sangria, beer, and playful drinks in all the colors of the rainbow. The Company, founded in 2012 by Magnus Larsson, Jessica Ekelöf Larsson, Fredrik Mattsson and Johannes Räfsby, has grown significantly during the last years with approximately 45 units established in Sweden and Norway as of today. In 2017 alone, 17 new units were added to the chain and the Company plans to open more than 20 new units during 2018.

“Pinchos has during the last few years had a fantastic growth and development, and it is obvious that consumers really appreciate our unique concept and atmosphere. As a founder and leader of the business, I am very enthusiastic about accelerating the development further with the support of Valedo as a partner, alongside our motivated and competent employees. Valedo will contribute with important competence and financial resources to enable our next step in the strategic journey of Pinchos.” says Magnus Larsson, CEO of Pinchos.

The terms and conditions of the transaction are not disclosed.

For further information regarding Pinchos, please contact:

Magnus Larsson, CEO
magnus.larsson@pinchos.se

About Valedo:
Valedo is an independent Swedish investment group that invests in high-quality small and mid-cap companies in the Nordic region. Valedo focuses on companies with clear growth and development potential where Valedo can actively contribute to and accelerate the companies’ development. Being an active owner and contributor of both capital and industrial experience, Valedo helps to ensure that its companies can achieve their full potential. Valedo has completed 24 platform investments and more than 100 add-on acquisitions. Valedo’s businesses have a combined revenue of SEK ~4 500 million with ~3 300 employees in more than 20 countries. Valedo’s exited businesses have on average grown by ~250% during Valedo’s ownership.

www.valedopartners.com

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LPCA Fund I has divested its shares in the Dutch retail chain Kijkshop

listérus & partners Capital Advisors acquired the Dutch retail chain Kijkshop B.V. during the first quarter of 2015. During 2016, the asset was internally transferred to LPCA Fund I.

Kijkshop is operating in a rapidly changing market and is undergoing a turnaround and digital transformation process. The work with the change has required significant efforts from the owner’s side – both on an operational level and financially – and will still require a dedicated engagement during the foreseeable future.

In order to enable for new investments in the fund and release management capacity for the development of the future portfolio, 100% of the shares held in Kijkshop and its sister companies Kijk IP BV, Kijk UP BV and TONE BV were divested to the Swedish investment company SparkistanStClemens AB during September 2017.

The Board of the fund made the assessment that SparkistanStClemens has all the required resources at its disposal to successfully manage and further develop the investment in Kijkshop.

In conjunction with the divestiture, Björn Serving resigned from his engagement for listérus & partners Capital Advisors and as an investment manager at LPCA Fund I. He is now engaged by SparkistanStClemens in their subsidiaries.

For any enquiries, please contact Christian Listérus, christian@listerus-capital.com, Tel: +46-8-5090 6660.

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H.I.G. Capital Acquires Majority Stake in Beinbauer Group

HIG Capital

HAMBURG – January 16, 2018 – H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with more than €20 billion of equity capital under management, announced that one of its affiliates has acquired a majority interest in Beinbauer Group (“Beinbauer”).

Beinbauer, headquartered in Büchlberg near Passau, Germany, is a leading provider of complex machined metal parts (iron, steel, aluminium) for the European on- and off-highway commercial vehicle industry (OEMs and other tier-1 suppliers). Beinbauer’s core competencies are the machining of components and assemblies in state-of-the-art production processes as well as building and managing complex supplier networks, offering its customers all-in-one solutions for axle, frame, chassis and engine parts from a single source. Beinbauer operates four production sites in Germany and has approximately 700 employees. In 2017, Beinbauer generated revenues of more than €200 million. The Beinbauer management team, headed by Tobias Lührig and Patric Meeth, will continue to lead the Group.

Wolfgang Biedermann, Managing Director at H.I.G. Europe commented on the transaction: “Led by a dedicated and highly experienced management team, Beinbauer has shown a strong development in recent years and demonstrated that it plays an important role as a reliable supplier to the European heavy vehicles industry. With its clear focus on offering its customers a highly flexible “one-stop-shop” solution, Beinbauer can further strengthen and expand its position in an attractive market segment of the European automotive industry. H.I.G. will support Beinbauer in increasing its market position in the solidly growing commercial vehicle market, both by organic growth and via strategic acquisitions. H.I.G. is looking forward to the partnership with Mr. Lührig and Mr. Meeth as well as the entire Beinbauer team.”

Tobias Lührig, Managing Director of the Beinbauer Group said: “With H.I.G., we have exactly the right partner on board that can ideally support the Group in implementing its planned expansion course over the next years. We look very much forward to working with H.I.G.”

Patric Meeth, also a Managing Director of the Beinbauer Group, adds: “Through this partnership, Beinbauer will benefit not only from H.I.G.’s financial resources, but also from its substantial experience in the development of new markets and, most importantly, in identifying attractive acquisitions.”

About Beinbauer Group
For more than 40 years, Beinbauer has been a reliable partner for leading OEMs of the commercial vehicle, agricultural, construction machinery, rolling stock and car industries. The Beinbauer Group was established in 2013 by the merger of Beinbauer Automotive GmbH & Co. KG and Wagner Automotive GmbH. The core competencies of both companies include the machining of components and assemblies in state-of-the-art production processes as well as building and managing complex supplier networks. Beinbauer Group offers its customers all-in-one solutions for axle, frame, chassis and engine parts from a single source. For more information, please refer to the Beinbauer Group website at www.beinbauer-group.de.

About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with over €20 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Mexico City and Rio de Janeiro, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:

  1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
  3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of €28 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

H.I.G. European Capital Partners GmbH is a legally independent advisor to H.I.G. Capital LLC, H.I.G. Europe Capital Partners, L.P. and H.I.G. Europe Capital Partners II, L.P.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.

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Verdane sells Outnorth to Egmont

Verdane

Verdane Capital VII has agreed to sell its holding in Outnorth, the leading online retailer of outdoor products and apparel in Scandinavia, to the Nordic media group Egmont.

Founded in 2005, Outnorth is an online retailer of outdoor products and apparel, focused on high-quality Scandinavian brands and private label products that represent good design and functionality for an active outdoor lifestyle. Verdane Capital VII (Verdane) made its first investment in the company in 2010.

“We saw the potential for Outnorth in a Scandinavian market fuelled both by a shift in Scandinavian lifestyle trends, and the transition in retail from offline to online, creating demand for high-quality products delivered through an easy-to-use online trading and logistics platform,” says Staffan Mörndal, Partner at Verdane Capital Advisors.

Since Verdane’s investment, Outnorth has grown from its Swedish base to become an online market leader in Scandinavia, and with significant sales in Germany. In 2017, the company had revenues of SEK 430 million, representing a 20x growth compared to 2010.

Today, Verdane announced that it has entered into an agreement to sell its holding in Outnorth to existing shareholder and leading Nordic media group, Egmont.

“We are proud to have been part of Outnorth’s journey together with the company’s excellent employees, management team and other owners. Outnorth is well-positioned for future growth, both in Scandinavia and in other important growth markets, and we look forward to following the company in the years to come,” says Mörndal.

The Nordic sports market is estimated to around EUR 10 billion, with an online market share of around 25%. Outnorth has been instrumental in developing the online category in the Nordics.

“Backed by Verdane and the other owners, we have refined our online offering, logistics and go-to-market models, including the successful development of our portfolio of private label products. This have put us in a sweet spot as the leading online retailer of outdoor gear and apparel in Scandinavia, with a great growth potential in the region and beyond. We are looking forward to our next phase of growth together with Egmont,” says Lars Nykvist, CEO of Outnorth.

 

For further information, please contact:

Staffan Mörndal, staffan.morndal@verdanecapital.com +46 70 93 15 235

Lars Nykvist, CEO Outnorth, lars.nykvist@outnorth.com +46 76 836 29 90

 

About Verdane Capital:

Verdane funds provide flexible growth capital to fast growing software, consumer internet, energy or high-technology industry businesses. The funds are distinctive in that they can invest either in a single company, or in portfolios of companies. Verdane funds have €900m under management and have invested in over 300 holdings over the past 14 years. Verdane Capital Advisors has 29 employees working out of offices in Copenhagen, Helsinki, Oslo and Stockholm. More information can be found at: www.verdanecapital.com

 

About Outnorth

Outnorth is working to inspire more people to explore and enjoy outdoor life. We do it by offering the best products from and for Scandinavia, based on knowledge and experience. We are Scandinavia’s leading online retailer in outdoor products and have clothing, shoes and equipment for outdoor activities and training. For more information, visit: www.outnorth.com

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Kanalservice Holding acquires Jeschke Umwelttechnik GmbH

Ufenau

At the beginning of the new year,we are pleased to announce that Kanalservice Gruppe has successfully acquired Jeschke Umwelttechnik GmbH. Jeschke Umwelttechnik is headquartered in Stutensee close to Karlsruhe, Germany, and has more than 30 highly trained employees in the field of sewer renovation. Jeschke Umwelttechnik has a unique expertise in the installation cured-in-place pipe liners and is a full -service provider in this field.

In recent years, the company has established itself as a leading player in the sewer renovation segment for public-sector customers in southwestern Germany. The cured-in-place pipe lining process is a common method for trenchless rehabilitation of buried, non-pressurized drainage networks, such as the sewer system. In the process, a fiberglass hose (tube liner) impregnated with synthetic resin is drawn into a tube and then cured by UV light. Kanalservice Gruppe, with headquarters in Switzerland, is the owner of Mökah Gruppe that offers sewer cleaning, inspection, renovation as well as suction and surface cleaning services with 170 employees.

“I am very happy that I found the ideal partner in Kanalservice Gruppe to further grow the company organically as well as for acquisitions. I am convinced that the acquisition lays the foundation for a successful, long-term collaboration. I am looking forward to the execution of our growth strategy in the coming years” says Steffen Jeschke, CEO and owner of Jeschke Umwelttechnik.

“We are delighted, that with Mr. Jeschke and his team we found proven experts in the cured-in-place pipe lining segment in southwestern Germany as a strategic addition to Kanalservice Gruppe.

Mr. Jeschke will continue his successful work as CEO of Jeschke Umwelttechnik and we are happy to welcome him as a shareholder of the group ”adds Ralf Flore, Managing Partner at Ufenau Capital Partners.

Sincerely, your Ufenau Team

 

About Ufenau Capital Partners

Ufenau Capital Partners is a privately owned Swiss Investor Group headquartered at the Lake Zurich which advises private investors, family offices and institutional investors with their investments in private equity. Ufenau Capital Partners is focused on investments in service companies in German – speaking Europe and invests in the Education & Lifestyle, Business Services, Health Care and Financial Services sectors. Through a renowned Group of experienced Industry Partners (Owners, CEOs, CFOs), Ufenau Capital Partners pursues an active value-adding investment approach on eye-level with entrepreneurs and managers.

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Partners Group fully exits VAT Group AG, the Swiss-listed global leader in the production of high-end vacuum valves

Partners Group

Partners Group, the global private markets investment manager, has, on behalf of its clients, sold its remaining stake in VAT Group AG (“VAT” or “the Company”), the leading global developer, manufacturer and supplier of high-end vacuum valves. The sale completes Partners Group’s exit from the Company, which has generated a gross return of 6x on the original investment and a gross IRR of 74%.

Headquartered in Haag, Switzerland, VAT produces vacuum valves that are mission-critical components in the advanced manufacturing processes required to produce products such as portable electronic devices, flat-screen monitors or solar panels. Partners Group acquired VAT on behalf of its clients in February 2014, together with its investment partner Capvis. During the holding period, Partners Group worked alongside the Company’s management team on a series of Board-led value creation initiatives.

Heinz Kundert, CEO of VAT, comments: “Partners Group has been instrumental in helping to build VAT into the Company it is today, using its Board presence to drive forward the institutionalization of the business and taking a hands-on approach across a wide range of value creation initiatives. Partners Group’s period of ownership contributed to the laying of strong foundations for the future growth of our Company.”

Fredrik Henzler, Partner and Co-Head of Industry Value Creation, Partners Group, states: “When we acquired VAT, it was already the market leader in its category based on the strength of its technology, but it was less mature in non-technical areas. Our value creation strategy therefore focused on providing VAT with a road map for growth that would strengthen its organizational, process and financial capabilities.”

VAT was able to grow its revenues by a CAGR of 11% between 2013 and 2015, eventually listing on the SIX Swiss Exchange in April 2016 (ticker: VACN) with an offer price of CHF 45. Today, VAT’s shares have tripled in value and the company has doubled its employee count to 2,000 from over 1,000 at the time of Partners Group’s initial investment.

Alfred Gantner, Partner, Co-Founder and Member of the Board of Directors of Partners Group, comments: “We are pleased with our investment in VAT and the Company’s success to-date. Due to VAT’s solid corporate and financial development, its potential has also been recognized by the public market since its IPO in 2016, with its share price performance reflecting demand from investors to participate in the success story of this high-quality business.”

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EQT Credit completes financing to leading premium school group Inspired

eqt

EQT Credit, through its Mid-Market Credit investment strategy, today announces that it has provided EUR 115 million of financing to support Inspired’s (the “Company”) acquisition strategy.

Inspired is a leading global operator of over 30 premium schools in Europe, Australia, Africa, the Middle East and Latin America. The Company has grown rapidly by building new schools and acquiring existing successful ones around the world and currently educates over 24,000 students between the ages of 1 and 18.

Inspired was founded by Nadim M. Nsouli, Chairman and controlling shareholder. Additional shareholders include TA Associates, Oakley Capital, the Oppenheimer family, the Mansour Group, Genesis Capital and Graeme Crawford (founder of Reddam House).

Paul Johnson, Partner at EQT Partners’ Credit team, Investment Advisor to EQT Credit, commented: “Inspired has rapidly developed into one of the largest international premium K-12 platforms and we have been impressed by the high-quality portfolio of schools. Inspired is led by an ambitious and driven management team, and we are pleased that EQT Credit has been able to provide a financing solution to suit the requirements of the Company and its shareholders”.

Nadim Nsouli, Founder and Chairman of Inspired, commented: “We are pleased to team up with EQT Credit as we continue to acquire some of the leading premium schools around the world. Inspired has an ambitious growth plan driven by an entrepreneurial team and supported by world class educators. EQT Credit’s support will be greatly valued in the coming years.”

Contacts:
Paul Johnson, Partner at EQT Partners, Investment Advisor to EQT Credit, +44 207 430 5554
Nakul Sarin, Director at EQT Partners, Investment Advisor to EQT Credit, +44 755 128 9396
EQT Press Office, +46 8 506 55 334, press@eqtpartners.com

About EQT
EQT is a leading alternative investments firm with approximately EUR 38 billion in raised capital across 25 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About EQT Credit
EQT Credit invests through three complementary strategies: senior debt, Mid-Market Credit (direct lending) and credit opportunities. Since inception, EQT Credit has invested approximately EUR 4.0 billion in 150 companies. EQT Credit’s direct lending strategy seeks to provide flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. These businesses may be privately-owned corporates seeking alternative funding to grow or be the subject of private equity-led acquisitions or refinancings.

For more information: www.eqtpartners.com/Investment-Strategies/Credit

About Inspired
Inspired is a leading premium schools group operating in Europe, Australia, Africa, the Middle East and Latin America educating over 24,000 students across a global network of over 30 schools in 10 countries. Inspired offers a fresh and contemporary approach to education by re-evaluating traditional teaching methods and curriculums, and creating a more dynamic, relevant and powerful educational model.

For more information: www.inspirededu.co.uk

 

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Mérieux Développement and Gimv announce the signature of an exclusivity agreement with a view to acquiring Stiplastics Healthcaring

GIMV

Mérieux Développement and Gimv, together with the management team, announce that they have signed an exclusivity agreement with Stage Capital, Stiplastics Healthcaring’s majority shareholder, with a view to acquiring the company.

Stiplastics Healthcaring, which was founded in 1985 and has been owned by Stage Capital (formerly NBGI) since 2013, designs, develops and manufactures standard and smart plastic solutions for the pharmaceutical industries and the health sector. Based in Saint-Marcellin (Isère – France), the company currently employs over 90 people on a 10,000 m2 industrial site opened last October. The Group expects to achieve turnover of EUR 21 million in the current 2017/2018 financial year, 98% of which will be generated by the health sector. Exports account for 55% of Stiplastics’ turnover, thanks to its development of devices for the dispensing of solid-form medications (especially in the USA).

Stiplastics Healthcaring has over 30 years’ experience in medical plastics. It works with customers throughout the entire process, from formulating the exact needs until the product is launched. It is a recognised specialist in the area of treatment observance, and its range of “intelligent” pill dispensers encourage treatment observance, and make administering and taking medicines easier and safer. It has also built solid expertise in solutions for respiratory diseases. Stiplastics Healthcaring works in partnership with pharmaceutical industry leaders and has recently developed an inhalation device.

The company has a strong development potential in the connected health sector, with new products in the pipeline and a modern workshop for the production of electronic products in a controlled environment. In order to meet the new needs of patients and healthcare actors faced with changing pathologies and uses, and more specifically the increasing prominence of connected care, the Group has set up its IoC [Internet Of Care]® unit, which is dedicated to designing, developing and producing e-health medical devices. In addition, several partnership agreements were finalised in 2017 in what is an extremely promising sector, which will benefit patients and practitioners alike.

Mérieux Développement and Gimv[1] have joined forces to acquire Stiplastics Healthcaring. They will contribute their complementary expertise in the health sector and support the growth of this French company. Stiplastics Healthcaring will remain under the operational management of Jérôme Empereur and Laetitia Le Gall, who have successfully developed this high-performing industrial platform, whilst creating real sales momentum in recent years.

“The Mérieux Développement – Gimv consortium is an ideal tandem that will allow Stiplastics Healthcaring to grow further and accelerate its development. They bring to the table health sector specialists as well as substantial financial resources, which is perfectly suited to support the Group’s growth challenges” explained Jérôme Empereur, Stiplastics Healthcaring’s Chairman-CEO.

“Our decision to invest in Stiplastics Healthcaring is based on our assessment of the strength of the management team and our shared ambition on the company’s future. In particular, we have jointly identified the increased need for innovative solutions to improve observance and administration of medicines. We are delighted to be the new reference shareholder of this French company and to be given this opportunity to support its innovative strategy and international development plans.” says Jean-François Billet, Senior Partner at Mérieux Développement.

“Stiplastics Healthcaring has all the necessary assets to become a European market leader, including cutting-edge production facilities, excellent regulatory expertise and a deep understanding of its clients’ needs. We are very proud that Jérôme Empereur and the entire management team have chosen the Mérieux Développement-Gimv consortium to support them in their ambitious growth plans,” adds Benoit Chastaing, Partner Health & Care at Gimv.

The transaction is expected to close by the end of January 2018. No further financial details about this transaction will be disclosed.

 

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Eurazeo Patrimoine announces the acquisition of C2S GROUP

Eurazeo

Eurazeo Patrimoine, the Eurazeo division specializing in investments in tangible assets, is pleased to announce the acquisition of C2S Group from Bridgepoint. The investment company will invest c. €100 million to become the group’s majority shareholder, alongside management and medical practitioners.

The transaction is subject to the approval of the French Competition authority and should be completed in the first quarter of 2018. C2S Group is the eighth largest private clinic operator in France and a regional leader in Auvergne, Rhône-Alpes and Burgundy Franche-Comté. It operates 11 clinics, primarily specializing in short and medium-length stays in general medicine, surgery and follow-up care. It also wns the buildings for seven of its clinics. The group has 500 medical practitioners, who are partners in the group’s governance and nearly 1,800 employees. In 2016, it treated over 235,000 patients (75% as outpatients) and reported revenue of €158 million. The group’s growth is founded on long-term societal trends. The French hospital care market was €195 billion 2015 (second largest in Europe) and is growing steadily.

C2S also enjoys an ideal regional footprint in one of the most densely populated and attractive areas in France. C2S Group has strengthened the management of its operations and real estate assets, while implementing an active external growth strategy,acquiring notably Hôpital Privéd’Ambérieu in 2015 and the Avenir Santé Group in 2016.

Since 2015, it has invested heavily in modernizing the group and improving its operating performance, benefiting from a relationship of trust with regional health authorities. Eurazeo Patrimoine’s experience in accompanying companies, combined with its real estate management expertise and its historical knowledge of the region, will drive the acceleration of C2S Group’s development, particularly through external growth.

For Renaud Haberkorn, Managing Partner and Head of Eurazeo Patrimoine: “We’re thrilled to offer our real estate and operational support and expertise to C2S Group. Its development and transformation in recent years has been quite remarkable. With its strong local footprint and Eurazeo Patrimoine’s support, we’re sure the group will continue its growth momentum and seize the many development opportunities available to it. This investment fits perfectly with Eurazeo Patrimoine’s strategy at the crossroads of the real estate and private equity businesses.”

For Jean Rigondet, Chairman of C2SGroup: “We’re delighted to welcome Eurazeo onboard and to work together to continue the group’s development strategy. With Bridgepoint ’s support, we successfully completed several projects and undertook essential work across all our clinics. We’re now eager to start a new chapter in C2S Group’s history alongside Eurazeo Patrimoine.

Further improvements in performance will be founded on exemplary medical governance and our teams, of which we are immensely proud, confirming our position in the Greater Center-East region.”

About Eurazeo

With a diversified portfolio of approximately ~€8 billion in assets under management, Eurazeo is a leading global investment company with offices in Paris and Luxembourg, New York, Shanghai and Sao Paolo. Its purpose and mission is to identify, accelerate and enhance the transformation potential of the companies in which it invests. The firm covers most private equity segments through its five business divisions – Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo Brands. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term. As a global long-term shareholder, the firm offers deep sector expertise, a gateway to global markets, and a stable foothold for transformational growth to the companies it supports.

Eurazeo is listed on Euronext Paris.

ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

 

 

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