The Ratos-owned construction contractor HENT has recruited Jan Krepp as CEO of its Swedish subsidiary. Jan will focus on strengthening the Swedish organisation in order to increase the company’s profitability and respond to growing demand for HENT’s services in the Swedish market.

“We needed to strengthen HENT Sverige AB’s management team in order to move forward. We have a clear target to increase our sales – and improve our earnings. Until today, the company was run by the management team in Norway, but we have identified a need to appoint a CEO in Sweden. And we have succeeded in doing so with the appointment of Jan Krepp. Jan has the qualifications and commitment we are looking for, and I look forward to welcoming him to the team,” says Jan Jahren, CEO of HENT.

Jan Krepp will assume the position immediately.

“Jan Krepp has held various roles in Ratos’s business group since 2019 and has achieved outstanding results, including in the role of Acting CEO of Speed Group. I’m pleased to see that HENT was able to fill this key position by recruiting an employee from within Ratos’s business group. The recruitment of Jan Krepp is a sign that HENT, like the other companies in Ratos’s portfolio, is adopting a proactive approach. Our goal is to significantly increase the company’s operating profit in Sweden,” says Christian Johansson Gebauer, Head of Business Area Construction & Services at Ratos and Board Chairman of HENT.

HENT has its registered office in Trondheim, Norway, and has been established in the Swedish market since 2016. HENT Sverige had sales of approximately SEK 1.4 billion in 2020 and currently has six active projects across the country, from Kiruna in the North to Malmö in the south.

For further information, please contact:
Christian Johansson Gebauer, Head of Business Area Construction & Services at Ratos and Board Chairman of HENT
+46 8 700 17 00

About Ratos:
Ratos is a business group consisting of 12 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2020, the companies have approximately SEK 34 billion in sales. Our business concept is to develop companies headquartered in the Nordics that are or can become market leaders. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas for Ratos. Everything we do is based on Ratos’s core values: Simplicity, Speed in Execution and It’s All About People.

Will also play a key role supporting BAAM’s existing investment teams and pursuing strategic initiatives 

New York, March 15, 2021 – Blackstone (NYSE:BX) today announced that Scott Bommer has joined the firm as the Chief Investment Officer of the new Blackstone Horizon platform, an initiative being launched by Blackstone Alternative Asset Management (BAAM).

Blackstone Horizon is a new investment business that targets strong absolute returns by investing in and forming strategic partnerships with high-performing investment managers. The platform will employ a thematic approach to capitalize on powerful secular growth trends globally.

Mr. Bommer will also work closely with BAAM senior management on asset allocation, risk-management, stakes/seeding investing and other strategic initiatives.

Jon Gray, Blackstone President & COO, said: “This is another key hire for BAAM. Scott is a seasoned investor with a record of delivering strong returns for investors while maintaining downside protection. His experience and breadth of relationships will open new opportunities as we further expand our hedge fund business.”

Joe Dowling, Blackstone Global Co-Head of BAAM, said: “Scott is a proven investor who has extensive experience in the public and late-stage private markets. We have known each other for more than 25 years and have collaborated on numerous investment opportunities. I look forward to working alongside him.”

John McCormick, Blackstone Global Co-Head of BAAM, said: “We’re delighted to welcome Scott to BAAM to lead cutting edge investment initiatives across the business with a focus on the Horizon platform. Scott’s hire reflects our innovative mentality and our desire to access the most exciting investment opportunities for our investors.”

Scott Bommer, Chief Investment Officer of Blackstone’s Horizon platform, said: “I am thrilled to lead this new initiative for Blackstone. The scale of BAAM’s platform and flexibility of this new mandate positions the platform exceptionally well to be the investment partner of choice for managers. I look forward to working alongside Joe, John and the talented team at BAAM to build out this new business.”

Mr. Bommer was the founder of SAB Capital Management (“SAB”), where he served as CEO and worked for 17 years from 1999 to 2015. He previously worked as a Portfolio Manager at Siegler, Collery & Co., an Associate at McKinsey & Company and an Analyst at Goldman Sachs. Mr. Bommer lives in New York City with his family and has been a Director of the Robin Hood Foundation for the last 15 years. Mr. Bommer received an M.B.A from Harvard Business School. He also earned a B.A. with distinction in Quantitative Economics from Stanford University.

He joins Blackstone after managing his family office where he focused on late-stage growth investing.

About Blackstone
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $619 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

Contact
Paula Chirhart
+1-347-463-5453
paula.chirhart@blackstone.com

Q, a global leader in outsourced medical manufacturing and silicone technologies for critical products including medical devices, electrical connector seals and insulators, announces the appointment of Mauricio Arellano as Chief Executive Officer. Mauricio follows Thomas J. Hook, who will remain involved with Q as a non-executive Director and is assuming the role of Chief Executive Officer of SaniSure, another 3i-owned life sciences business.

Mauricio has been with Q since 2018 and most recently served as the company’s Chief Operating Officer. He is a seasoned executive with a proven ability to grow global businesses efficiently and profitably and has a long tenure in the medical devices industry. Prior to Q, Mauricio was President of the Medical Division of Spectrum Plastics Group, a leading extrusion, injection molding, bioresorbables and assembly Medical Device outsourcing company with 16 plants and over 2,000 employees.

Prior to Spectrum, Mauricio held several executive leadership positions at Integer Holdings, including President of its Medical Division and EVP of Global Operations with responsibility for 30 manufacturing sites and over 9,000 employees. Before Integer, Mauricio held various operational management positions at Tyco Healthcare (now Medtronic) and Sony Electronics.

Richard Relyea, Partner at 3i, commented: “We are delighted to appoint Mauricio as CEO. Mauricio brings a wealth of operational and leadership experience. Throughout 2020, he played an increasingly pivotal role overseeing all aspects of our QSR and QMD operating units and has demonstrated tremendous results in leading our key growth and performance initiatives. We are confident in his ability to successfully lead Q into the future.

We would also like to extend our appreciation and gratitude to Tom for his contributions as CEO of Q. Over the past four years, Tom has successfully led the business through considerable transformation and positioned it for continued long-term success.”

Mauricio said: “As I reflect on the significant accomplishments Q has made over recent years, the strength of our organization and the opportunities that lie ahead, I could not be more proud of the business or more enthusiastic about its future. Q has truly differentiated capabilities and is a leader in our rapidly growing and exciting market segments. I believe we are on track to deliver significant value creation over the next several years, and I am humbled at the opportunity to lead the business. I look forward to working with all Q associates to realize the full potential of Q in the coming years through diligent execution and a focus on strong, strategic growth.”

Q comprises QMD™, which manufactures a broad range of high-performance, single-use devices as well as precision components and subassemblies, specializing in silicone and other elastomers; and QSR™, a global leader in turnkey custom molded, precision elastomeric components designed to safeguard harsh environment connectivity.

Kinnevik AB (publ) (“Kinnevik”) today announced that Senior Investment Director Chris Bischoff has decided to leave Kinnevik to take up a role as a Managing Director at General Catalyst. Chris will continue to represent Kinnevik on selected company boards.

Chris Bischoff joined Kinnevik in 2013 and during his time with Kinnevik has focused on the international investment activities, including leading the investments within Kinnevik’s successful healthcare portfolio, supported the formation of a strong sector focused investment team and leading the London office. Chris will leave Kinnevik during the second quarter, but he will continue to represent Kinnevik on selected company boards. Kinnevik has partnered with General Catalyst on multiples investments including Livongo and Cityblock and will continue to seek out opportunities to collaborate on new deals across sectors.

Kinnevik CEO Georgi Ganev commented: “I would like to thank Chris for his tremendous contribution to value-creation in Kinnevik, and for having been a great and trusted colleague and thought partner. I wish him all the best in his new role, and I look forward to continuing to develop our relationship with General Catalyst and our joint investee companies.”

Chris Bischoff commented: “I am thankful and proud for having been part of Kinnevik’s exciting and successful transition into a leading European growth investor. Looking ahead, Kinnevik is in a stronger position than ever to continue the journey and I look forward to staying in close touch in my new role.”

For further information, visit www.kinnevik.com or contact:

Torun Litzén, Director Investor Relations
Phone +46 (0)70 762 00 50
Email press@kinnevik.com

Kinnevik is a sector-focused investment company with an entrepreneurial spirit. Our purpose is to make people’s lives better by providing more and better choice. In partnership with talented founders and management teams we build challenger businesses that use disruptive technology to address material, everyday needs. As active owners, we believe in delivering both shareholder and social value by building long-term sustainable businesses that contribute positively to society. We invest in Europe, with a focus on the Nordics, the US, and selectively in other markets. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinnevik’s shares are listed on Nasdaq Stockholm’s list for large cap companies under the ticker codes KINV A and KINV B.

Vaaka Partners strengthens its investment team with two new recruits both starting in February. Mr Jarkko Murtoaro has been invited to join the team as Partner after 13 years at EQT. Mr Jesper Kontinen joins the team as Associate with prior experience from Goldman Sachs and McKinsey & Company.

Jarkko Murtoaro is well-known to the Vaaka team from his role at EQT, leading the Nordic pet care specialist Musti Group’s value creation towards its successful IPO. Vaaka Partners sold the majority stake of Musti Group to EQT 6 years ago but retained a minority shareholding during EQT’s ownership. Jarkko’s background includes investment banking with Citigroup in London before joining EQT in September 2007. During his time at EQT, Jarkko worked both in the Helsinki and Stockholm offices, and his latest position was a Managing Director. Jarkko is starting at Vaaka Partners as a Partner on February 1st.

Jarkko comments why he chose to join the firm: “Vaaka has a strong team and a great culture. I am excited to be joining the company and look forward to working with my new colleagues and the management teams of Vaaka companies.”

Jesper Kontinen has a Master of Science degree from the Aalto University Finance programme. Vaaka Partners became familiar to Jesper through our long-standing internship program in the spring of 2018. Thereafter, Jesper moved to London to join Goldman Sachs’ Investment Banking Division and in 2019 relocated back to Finland for a position at McKinsey & Company. Jesper is starting at Vaaka Partners as an Associate on February 1st.

“We are warmly welcoming Jarkko and Jesper to the team. Not only are they brilliant professionals, but also very nice persons and colleagues to collaborate with – an excellent culture fit”, says Juha Peltola, Managing Partner.

For more information

Juha Peltola, Managing Partner
+358 50 514 8401
Juha.peltola@vaakapartners.fi