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Ratos company SSEA Group secures new contracts including construction of arena area worth SEK 800 million

Ratos

The construction group SSEA Group has secured four new contracts in its important geographic regions of Stockholm and Gothenburg in Sweden, of which the largest is worth SEK 800 million and was signed with the municipality of Kungälv in the Gothenburg area. The contract pertains to the development and construction of a new arena area with a swimming facility, two indoor ice rinks, two sports halls and an ice stadium. The total value of all four new contracts is approximately SEK 1.1 billion.

All four projects will be carried out as partnering projects, with SSEA Group involved in the early stages and thus in the development phase.

“SSEA Group has added four excellent projects to its backlog of orders that are entirely in line with our business model and our strategic focus on conducting partnering projects together with our customers. We’re pleased that our customers have entrusted us with these assignments and look forward to many years of rewarding collaboration,” says Christian Johansson Gebauer, Chairman of the Board of SSEA Group and President, Business Area Construction & Services, Ratos.

“I’m very proud that we have secured these four projects. SSEA Group’s employees have put in a lot of work, both ahead of and during the tendering period. Now we’re looking forward to getting started with all four projects and helping our customers to realise the most important priorities of the projects,” says Christian Wieland, CEO, SSEA Group.

Information about the four contracts
New arena area in Kungälv – SEK 800 million
In Kungälv, just north of Gothenburg, SSEA Group has a signed an agreement with the municipality of Kungälv to develop and construct a new arena area with a swimming facility, two indoor ice rinks, two sports halls and an ice stadium.

Three other contracts – total value approximately SEK 300 million
Renovation of Vattenpalatset in Lerum
In Lerum, just east of Gothenburg, SSEA Group was awarded the contract for the renovation of Vattenpalatset. The project will involve a major renovation and refurbishment of the existing swimming facility from 1988.

Mobility hub in Väsjön
SSEA Group has an ongoing school project in the new development area around Väsjön together with the municipality of Sollentuna. The municipality has now chosen to exercise an option in the agreement and task SSEA Group with constructing the new mobility hub for the area.

Renovation of preschools in the municipality of Ekerö
In the municipality of Ekerö, SSEA Group has signed an agreement with the municipality to renovate two existing preschools. One of these was included as an option in the agreement.

In all cases, the transactions include a fixed fee for SSEA Group, and the customer’s evaluation of potential partners emphasised the organisation’s experience, earlier reference projects and a description of the proposed execution of each project.

About SSEA Group
SSEA Group has solid expertise in large and technically complex collaboration/partnering projects. SSEA Group carries out construction projects for customers in the private and public sectors across Sweden. The project portfolio includes Sweden’s tallest timber building, Sara Kulturhus in Skellefteå, who won the Träpriset 2024, one of Sweden’s most prestigious architectural tour prizes, awarded by Svenskt Trä.

For more information, please contact:
Josefine Uppling, VP Communication & Sustainability, Ratos, +46 76 114 54 21
Christian Wieland, CEO, SSEA Group, +46 70 654 09 30

About Ratos
Ratos is a Swedish business group focusing on technological and infrastructure solutions, consisting of 17 companies divided into three business areas: Construction & Services, Industry and Consumer. The companies have approximately SEK 34 billion in net sales (LTM). We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in Execution and It’s All About People. We enable independent subsidiaries to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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Ratos company SSEA Group secures new contracts including construction of arena area worth SEK 800 million

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Ratos Company HENT wins billion-krone contract for two stations on the new Fornebubanen metro line in Oslo

Ratos

The construction company HENT and Fornebubanen have signed an agreement for the construction of the two stations Fornebuporten and Flytårnet on the new Fornebubanen metro line in Oslo, Norway. The contract is valued at NOK 1.67 billion.

The contract covers the construction of two metro stations and consists of concrete and platform works, access buildings and technical installations such as escalators, lifts, and technical rooms. Certain outdoor work and landscape architecture are also included in the contract.

“HENT has added another exciting and prestigious contract to its already impressive order book. The company is a community builder in its truest sense. Thanks to our unique experience built up over many years, we can contribute to the residents of Oslo being able to travel climate smart in the future,” says Christian Johansson Gebauer, Chairman of the Board of HENT and President, Business Area Construction & Services, Ratos.

“This agreement is an important milestone for HENT. We have been working on the project for a long time and have several good experiences from similar projects in the interface between infrastructure and construction. The project involves several challenges in terms of planning and operational implementation in combination with complex building structures, high quality requirements and ambitious environmental requirements. We thank Fornebubanen for their trust, and look forward to a good collaboration in the coming years,” says Jan Jahren, CEO, HENT.

HENT delivered the best offer based on price, environment and quality. The work will start in September this year and is expected to be completed in 2027.

About HENT
HENT is a leading construction company that mainly works with new construction of public and commercial real estate. HENT focuses on project development, project management and purchasing. Its projects are carried out with their own project administration and in collaboration with a knowledgeable network of quality-assured subcontractors. They conduct projects throughout Norway and in selected segments in Sweden and Denmark.

For more information, please contact:
Josefine Uppling, VP Communication & Sustainability, Ratos, +46 76 114 54 21

About Ratos
Ratos is a Swedish business group focusing on technological and infrastructure solutions, consisting of 17 companies divided into three business areas: Construction & Services, Industry and Consumer. The companies have approximately SEK 34 billion in net sales (LTM). We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in Execution and It’s All About People. We enable independent subsidiaries to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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Ratos company HENT wins billion-krone contract for the new Bodø airport in Norway

Ratos

Avinor has tasked HENT with building a new passenger terminal and several other operational facilities at the new Bodø airport in Norway. The contract has a ceiling of NOK 2.4 billion.

The new Bodø airport will go into operation in 2029/2030. The entire project has a cost ceiling of NOK 7.2 billion and this was the last of two major contracts that have been announced.
Three competitors submitted bids and HENT scored the highest in the evaluation process, thereby winning the contract. The contract is a turnkey partnering project based on the Norwegian “samspillsentreprise” model. This means that HENT and Avinor will work together on the details of the project to come to an agreement about the final design and cost.
“That Avinor has entrusted HENT to help with one of society’s most important buildings is further proof of the strong position that HENT has in an otherwise challenging construction market. Ratos’s construction operations primarily focus on public sector customers and properties that are important for society. Our order books are strong and we are optimistic about the future,” says Christian Johansson Gebauer, CEO of HENT and President, Business Area Construction & Services, Ratos.
“Naturally, we’re very pleased that Avinor chose us. The entire bid process was long and thorough. We used the full breadth of the company’s expertise, together with several external partners. The teamwork behind our responses to the award criteria, including price, understanding of the task and project organisation, meant that we won out over the competition. This is important recognition for all of HENT and our partners,” says Jan Jahren, CEO, HENT.
About HENT
HENT is a leading construction company that mainly works with new construction of public and commercial real estate. HENT focuses on project development, project management and purchasing. Its projects are carried out with their own project administration and in collaboration with a knowledgeable network of quality-assured subcontractors. They conduct projects throughout Norway and in selected segments in Sweden and Denmark.
For more information, please contact:
Josefine Uppling, VP Communication & Sustainability, Ratos, +46 76 114 54 21
About Ratos
Ratos is a Swedish business group focusing on technological and infrastructure solutions, consisting of 17 companies divided into three business areas: Construction & Services, Industry and Consumer. The companies have approximately SEK 34 billion in net sales (LTM). We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent subsidiaries to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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Stirling Square, TA Associates, and Macquarie Capital Complete Acquisition of Byggfakta

Stirling Square

Stockholm, 8 May 2024 – A consortium consisting of Stirling Square, TA Associates (“TA”), and Macquarie Capital has completed the acquisition of Byggfakta, a leading information and software provider within the construction industry. The acquisition follows a public offer to the shareholders of Byggfakta, unanimously recommended by the Independent Bid Committee of Byggfakta’s Board of Directors.

Byggfakta is a leading provider of data, insights, and software solutions for the global construction industry, serving over 50,000 customers. The company, headquartered in Ljusdal, Sweden, was founded in 1936 and has more than 2,000 employees spanning more than 20 countries. Byggfakta’s core operations encompass five areas: Project Information, Specification, Market Intelligence, Product Information, and E-tendering.

Stirling Square has been the largest shareholder in Byggfakta since 2017, with its relationship to senior management dating back to 2014. TA acquired a significant minority stake in Byggfakta in September 2020, joining Stirling Square. Since their initial investments, Stirling Square and TA have enabled value creation by supporting Byggfakta’s efforts to improve its commercial and operational capabilities, and in executing on its acquisition strategy to broaden the company’s service offering and expand internationally. Stirling Square and TA have now formed a partnership with Macquarie Capital, to support Byggfakta’s future journey.

Stirling Square, TA, and Macquarie Capital see great opportunities for Byggfakta to become a global champion within the construction technology industry with a central role in the ongoing development of the sector. By facilitating operational and financial resources and leveraging the consortium’s combined track record from similar growth stories, Byggfakta will be positioned to accelerate delivery of continued organic growth and strategic M&A.

Ben Hopper, Managing Director, Stirling Square,commented:

“The return to a private markets environment is an important moment for Byggfakta as we continue supporting the company to achieve its ambition to become a global leader in data and software solutions for the construction industry. We believe this transition from the public markets will enable the company to accelerate its long-term growth potential through further international M&A supported by long-term shareholders providing additional capital and deep domain expertise. We are delighted to be working alongside Dario and the talented team at Byggfakta together with our longstanding partner TA and to welcome an investor we have long admired in Macquarie Capital.”

Naveen Wadhera, Managing Director, TA, comments:

“Since partnering with Byggfakta in 2020, we have witnessed significant progress and are optimistic about the substantial opportunities that lie ahead with the acceleration of the company’s M&A strategy. We look forward to working with the Byggfakta team, Stirling Square and Macquarie in the execution of our new joint strategy.”

Adam Joseph, Head of Private Equity for Macquarie Capital Principal Finance Europe, comments:

“We have been following the development of Byggfakta for some time and are impressed with its achievements to date that have positioned the company as a leader within the construction software and data industry. We are looking forward to joining forces with Stirling Square and TA in supporting Byggfakta’s continued growth journey.”

Dario Aganovic, CEO, Byggfakta:

“Over the years, Byggfakta has successfully established unique database content, market leading software, and strong customer engagement. Looking ahead, we have a clear strategy to become an even stronger global player and a world-leading company in our industry. I am excited to deepen our partnership with Stirling Square and TA and to join forces with Macquarie Capital in the years to come,enabling an acceleration of our strategy.”

On 6 May 2024, the offer was closed with Stirling Square, TA, and Macquarie Capital, through Giant BidCo, controlling 99.8 per cent of the shares in Byggfakta.

About Byggfakta

Byggfakta Group is a global data and software company with roots stretching back to 1936, more than 2,000 employees and operations in 26 countries. The Company offers services that connect the construction sector, thereby increasing total growth and promoting better construction. Its unique data, insights and software solutions help customers to maximise sales, increase efficiency and build more sustainably. The core operations encompass five areas: Project Information, Specification, Market Intelligence, Product Information, and E-tendering. Byggfakta mainly generates subscription revenue, which currently exceeds SEK 2 billion annually. Byggfakta’s goal is to grow organically by 10% per year and to grow an additional 5–15 percent per year through acquisitions. Byggfakta Group has been listed on Nasdaq Stockholm since 2021.

About Stirling Square

Stirling Square is a private limited liability company (société à responsabilité limitée) governed by the laws of the Grand Duchy of Luxembourg, having its registered office at 8, rue Lou Hemmer, L-1748 Senningerberg, Grand Duchy of Luxembourg and registered with the Luxembourg Trade and Companies Register (Registre de Commerce et des Sociétés, Luxembourg) under number B 259546.

Stirling Square is a leading pan-European mid-market private equity firm based in London. Stirling Square has extensive experience investing in the Nordics. Its current portfolio includes Infobric, Assist24, Logent and SAR. Founded in 2002, Stirling Square is a partner to leading European mid-market businesses, with over 20-year track record of investing with conviction in market-leading platforms in the EUR 100 million to EUR 500 million enterprise value range. Since inception, Stirling Square has invested in 30+ platform companies and 100+ add-on acquisitions globally, helping to create regional and global champions. The firm has raised four funds and manages over EUR 3 billion on behalf of a global and diverse investor base. The investment team consists of more than 20 investment professionals, who have in aggregate committed 16 per cent of the total capital of the fourth fund ensuring full alignment with the success of its portfolio companies and their management teams. Stirling Square has been the largest shareholder in Byggfakta since 2017, with its relationship to senior management dating back to 2014.

About TA Associates

TA is a private limited liability company (société à responsabilité limitée) governed by the laws of the Grand Duchy of Luxembourg, having its registered office at 40, avenue Monterey, L-2163 Luxembourg, Grand Duchy of Luxembourg and registered with the Luxembourg Trade and Companies Register (Registre de Commerce et des Sociétés, Luxembourg) under number B 259878.

TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries—technology, healthcare, financial services, consumer and business services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has over 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. TA acquired a significant minority stake in Byggfakta in September 2020, alongside existing investor Stirling Square.

About Macquarie Capital

Macquarie Capital is the advisory, capital markets and principal investment arm of Macquarie Group. It encompasses corporate advisory, a full spectrum of capital solutions, including capital raising services from equity, debt and private capital markets and principal investments from Macquarie’s balance sheet. Macquarie Capital has deep sector expertise in the aerospace, defense and government services, consumer, gaming and leisure, critical minerals, energy, financial institutions, healthcare, industrials, infrastructure, services, software, technology, telecommunications and media sectors.

Macquarie Capital Principal Finance, the financing and principal investing arm of Macquarie Capital makes investments from Macquarie’s balance sheet, provides flexible primary financing and secondary market investing solutions for corporate and commercial real estate clients across North America, Europe and Australasia.

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IES receives investment from the Apax Global Impact Fund

Apax

Integrated Environmental Solutions (IES) has announced today that it is set to receive strategic investment from the Apax Global Impact Fund, advised by Apax Partners LLP (“Apax”), in a move that is set to accelerate the company’s growth and more rapidly achieve its mission to decarbonise the world’s buildings.

The deal, which will see the Apax Global Impact Fund acquire a controlling stake, subject to customary antitrust approvals, marks the first climate-focused investment by the fund, with IES’s focus on decarbonisation aligning closely with Apax Global Impact’s thematic focus on reducing environmental harm and resource use.

IES delivers innovative technology solutions and consultancy services to help decarbonise buildings, communities, and cities. Supporting resource-efficient and cost-effective built-environments, IES simulates and analyses data to give those involved in the design, retrofit and operation of buildings the information needed to make smarter, more sustainable decisions.

Over the past 30 years, the company has made a significant global impact, helping to improve the energy and carbon performance of an estimated 1.5 million buildings worldwide.

This investment will enable IES to scale to meet the ever-increasing demand for sustainability-focused tech solutions from building designers, owners, and tenants. The built environment is a significant contributor to global greenhouse gas emissions. IES, which is home to the largest building physics analytics team in the world, is able to leverage its software and consultancy capabilities to tackle the built environment’s climate footprint, supporting clients to improve the energy efficiency and decarbonisation of complex buildings, adhere to regulatory and voluntary compliance, and ultimately reduce lifetime building energy costs and carbon emissions.

Don McLean, Founder and CEO, IES, commented: “I’m incredibly proud of the IES team for the success we have achieved over the last thirty years, and in Apax we have found a likeminded partner who is ideally placed to help us in the next stage of our growth journey. Buildings and cities have the potential to make the biggest impact in reducing carbon emissions globally. This investment, and the support of the Apax Impact team, will empower us to support ever more clients around the world in creating a built environment that is resource and energy efficient.”

Edward Donkor, Partner, Apax Global Impact team, said: “We couldn’t be happier to be partnering with Don and the entire IES team in their mission to decarbonise the built environment. This partnership marks the first climate-focused investment for the Apax Global Impact Fund, and we see huge potential for IES’s pioneering software.”

Chris Robinson, Principal, Apax Global Impact team, added: “As we collectively progress towards Net Zero goals, innovative technology such as that offered by IES will prove critical in the transition to a more sustainable future. We look forward to working closely with the IES team on our joint vision for the company, harnessing IES’s market-leading software to solve some of society’s biggest climate challenges.”

Apax was advised by Travers Smith (lead counsel), Alantra (M&A advisor), CIL (commercial advisor) and EY (financial and tax advisors). IES was advised by KPMG (financial, tax and legal advisor).

–      ENDS  –

About Integrated Environmental Solutions

IES is a global climate tech company delivering innovative technology solutions and consultancy services to decarbonise the built environment. Over the last 30 years, they have built a solid reputation as the leading global innovator in integrated performance-based building analysis and are now home to the largest building physics analytics team in the world.

Supporting energy-efficient, healthy and cost-effective built-environments, IES’ digital twin technology provides those involved in the design, retrofit and operation of buildings the information needed to make smarter, more sustainable decisions with confidence.

For more information see: www.iesve.com

About Apax & Apax Global Impact

Apax Partners LLP (“Apax”) is a leading global private equity advisory firm. For 50 years, Apax has worked to inspire growth and ideas that transform businesses. The firm has raised and advised funds with aggregate commitments of more than $65 billion. The Apax Funds invest in companies across four global sectors of Internet/Consumer, Tech, Services, and Healthcare. These funds provide long-term equity financing to build and strengthen world-class companies.

Apax Global Impact seeks out opportunities to support companies which deliver tangible societal and/or environmental impact. The strategy revolves around themes including Health & Wellness, Environment & Resources, Social & Economic Mobility, and Digital Impact Enablers. Apax Global Impact leverages the deep expertise of the Apax sector teams, the strength and global scale of the Apax platform globally, and the value creation potential of Apax’s Operational Excellence Practice.

For more information see: www.apax.com.

GLOBAL MEDIA CONTACT

Katarina Sallerfors

t: +44 20 7872 6300

Luke Charalambous

t: +44 20 7872 6300

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SealteQ Group finds partner in Quadrum Capital

Quadrum Capital

Stadskanaal/Almelo, 15 February 2024 – SealteQ Group and investment company Quadrum Capital join forces. SealteQ specializes in protecting, strengthening and maintaining concrete and steel structures. The partnership aims to continue SealteQ’s strong growth of recent years. __

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SealteQ, formerly known as Frans Nooren and currently led by Martin van der Leest and Robert Lunenborg, celebrated its 50th anniversary last year. During this period, the company has grown into a leading player in the field of concrete and steel preservation. With approximately 250 specialists and seven offices, high-quality and innovative solutions are provided for technical maintenance challenges both in the Netherlands and abroad. SealteQ operates in various sectors, including infrastructure, energy, industry, civil engineering and residential and commercial construction.

Following the intended participation, the board of SealteQ will exist of Martin van der Leest, Robert Lunenborg and Peter Westra. Together with Quadrum, they will respond to the current challenges in the field of foundation repair and the backlog in maintenance and life extension of crucial infrastructure. The expansion of its geographic presence and the addition of specialistic expertise will be important strategic pillars.

“Quadrum is the perfect partner for us to realize these growth ambitions. Our independently established platform in the specialized maintenance market can be further expanded through this partnership, both domestically and internationally. This partnership represents a solid step to continue the growth of SealteQ. In the partnership with Quadrum, creative entrepreneurship is endorsed in an identical way. This gives confidence in a market that is constantly challenging us,” said Martin van der Leest.

Hedzer Wester, Investment Manager at Quadrum Capital: “The level of craftmanship, innovativeness and entrepreneurship within the company is impressive and have made SealteQ a market leader. We look forward to supporting the company in its growth ambitions and working with Martin, Robert, Peter and the rest of the SealteQ team to take the next steps.”

Financial details of the transaction will not be disclosed. The transaction is subject to approval of the Consumer & Market Authority. The investment in SealteQ will take place from Quadrum Investment Fund IV.

About SealteQ SealteQ protects and preserves civil engineering, infrastructure and industrial structures as well as real estate objects in the residential and utility sectors. With a Dutch focus but with a global perspective, SealteQ extends the life of concrete and steel structures. They achieve this by providing innovative customized solutions with the aim of protecting the structures against external influences. In this way, they are preserved for the future. For more information, go to https://www.sealteq.nl/

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Auctus invests in Rossmanith GMBH & CO. KG

AUCTUS invests in Rossmanith GmbH & Co. KG as a new platform for an integrated facade construction group

 

The transaction

AUCTUS is pleased to announce the closing of a strategic partnership with Rossmanith GmbH & Co. KG (“Rossmanith”). Rossmanith, headquartered in Heidelberg, was founded in 1947 and has established itself in the region and beyond as a reliable, integrated facade constructor for the entire building envelope. Its customers are primarily larger industrial companies as well as public institutions. Rossmanith becomes the platform company of a new facade construction group that combines the highest architectural standards and emission-reducing measures in an integrated manner.

 

Rossmanith is known on the market for the development and construction of sophisticated window and facade constructions in wood-aluminum combinations, an aesthetically pleasing, sustainable and trendy combination of materials. The facades are produced in a newly built, highly functional production hall in Heidelberg, where the company also trains its future junior staff. Several trainees have already been honored with awards from the German „Handwerkskammer” at regional and state level. Rossmanith’s strong focus on quality is also reflected in its involvement in numerous award-winning projects, such as the construction of a prefabricated mullion-transom facade made of wood-aluminum at the DAV federal office (winner of the German Timber Construction Award 2023):

AUCTUS strategy

The German facade construction and building market is characterized by many small and medium-sized, often family-run companies, many of which have a long-standing industry network, high-quality niche focuses and excellently trained specialists. “Sustainable facade construction will play a decisive role in the energy revolution, in which buildings are at the center of attention due to their high (direct and indirect) emissions,” says Marvin Aurnhammer from AUCTUS, explaining the investment decision.  With Rossmanith as its initial investment, AUCTUS plans to build an integrated group of high-performance facade manufacturers with a high level of material and planning expertise that can meet these requirements and offer its customers the highest quality. “Germany has first-class expertise in the field of innovative facade systems enabling us to tackle an increasing complexity in the segment,” adds Florian Aichinger, who will play a key role in supporting the international expansion strategy.

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Buy-and-Build – What we are looking for

The Group’s regional focus is on the DACH region as well as neighboring European regions, particularly Italy and Eastern Europe. Relevant target companies construct entire building envelops and facade systems (mullion-transom facades and element facades) with their own production capacities and focus on quality, reliability, sustainability and innovation. Ideally, the target companies generate an EBITDA > EUR 2 million.

The group’s development is supported by industry experts Dr. Oliver Behnen (oliver@behnen.ch / +41 78 229 96 33) and Prof. Dr. Frank Wellershoff (frankwellershoff@gmx.de / +49 152 336 154 58).


Your personal contacts

      

 

About AUCTUS
AUCTUS is the most active investment company for small- and medium-sized companies in Europe with more than 415 investments in the past 23 years. The focus of our investments is on majority holdings in companies with annual sales of between EUR 10 million and EUR 150 million. AUCTUS stands for sustainable organic and also inorganic growth by acquisitions. We achieve this in a trustful partnership together with the management of our companies. We are specialized in building successful medium-sized company groups – We create market leaders. The more than 35 experienced AUCTUS investment experts currently manage around 50 platform investments from various sectors of the economy. The sum of the platform investments with a total of more than 200 individual companies achieves annual sales of € 3 billion. Sales and results have been growing at >10% per year for years. Our successful work is regularly rewarded with prestigious awards and top international rankings.

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Gimv invests in Castelein Sealants to accelerate European growth

GIMV

Gimv invests in the Castelein Sealants group together with management and investment fund Akiles. The company, founded more than 15 years ago by Christophe Castelein and Valérie Bioul, offers a wide range of customized air and water sealing solutions, contributing to the sustainability of existing and new buildings.

Castelein Sealants develops, produces and distributes air and watertight sealing products for the facade and window sector. The company produces made-to-measure sealants and delivers them just-in-time, which optimizes the construction process and greatly reduces site waste.

Since its incorporation in Belgium, the company has grown strongly in the Netherlands and Luxembourg in recent years, partly since the entry of Akiles. The strengthened cooperation between Gimv, Akiles and management is part of a new Europe growth phase, in which the company initially wishes to invest further to accelerate its current growth in France.

Gimv has extensive experience in helping European companies realize ambitious growth plans with the aim of creating sustainable value for the economy and society. The Gimv Sustainable Cities team is fully committed to investments that contribute to sustainable urbanization. The solutions offered by Castelein Sealants contribute to making new and renovated buildings more sustainable and meeting the latest energy efficiency criteria. This is essential for realizing the energy transition and fits perfectly within the team’s investment strategy.

Christophe Castelein and Valérie Bioul, co-CEO’s of Castelein Sealants, declare: We are very excited to join forces with Gimv to write a new chapter to our European growth story. After an already successful first entry of Akiles, we have resolutely chosen Gimv in the context of further professionalization and internationalization, founded on mutual trust and a common vision. This partnership with Gimv solidly anchors Flemish innovation and sustainability in our region.”

Ruben Monballieu and Catharina Soenen, Partner and Principal Gimv Sustainable Cities, add: “We are delighted with this new investment in Belgium. The unique match between Castelein Sealants’ mission and our platform strategy makes this a promising addition to our portfolio. We can’t wait to realize the European growth plans together.”

Christophe Rousseaux en Laurent Puissant, both Partner at Akiles, declare: “We share with enthusiasm the progress made since our investment in 2020. Together with founders Christophe and Valérie, we were able to strengthen the structure and team, in line with our strategy as a minority investor in Belgian SMEs. This puts Castelein Sealants in an even stronger position to take new steps towards larger international markets together with Gimv, management and Akiles.”

 

Read the full document

Gimv

Karel Oomsstraat 37, 2018 Antwerpen, Belgium

www.gimv.com

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Kimmenade teams up with 819 Capital Partners

819 Capital Partners

In close collaboration with 819 Capital Partners, Kimmenade Group (“Kimmenade” or “the company”) announces the official continuation of its activities.

With a team of experts with more than 100 years of experience in roof renovation and concrete sealing, Kimmenade continues its tradition and builds on an impressive legacy. With the investment of 819 Capital Partners and their active support, Kimmenade strives to further expand their presence in the international market. As of November 1, the company officially continued its activities in close collaboration with 819 Capital Partners.

Kimmenade has a rich history in roof renovation, roof and concrete sealing. With an experienced team and a clear vision, Kimmenade strives for a successful future.

819 Capital Partners offers Kimmenade active support in its business operations and further expansion of the company in finance and knowledge. With a team consisting of former entrepreneurs, ex-accountancy and former corporate finance specialists, Kimmenade management is actively supported by 819 Capital Partners during the restart and subsequent steps of the company.

819 Capital Partners acquired a majority stake with their investment in Kimmenade.

Catapult Corporate Finance advised on the transaction.

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Ratos company SSEA wins prestigious contract to build new town hall in Ängelholm, Sweden

Ratos

The winners of the construction and architecture competition “Ängelholm’s new town hall” have now been presented. The Ratos-owned construction company SSEA (a part of SSEA Group) has been selected, together with the architect firm Liljewall, to design and construct the new town hall. The town hall is expected to be a spectacular meeting place.

The project was announced as an architecture and construction competition at year-end 2022. The turnkey partnering project will commence immediately with project planning. The town hall is expected to be complete in 2026/2027

“Winning such a prestigious contract is an indication of the strength of Ratos’s infrastructure and construction operations. With its partnering model and expertise, SSEA is a leader in the industry, even in a tougher macroeconomic climate. We are delighted to have secured yet another high-profile sustainable construction project in our portfolio as sustainable buildings are profitable for everyone involved,” says Christian Johansson Gebauer, Chairman of the Board of SSEA Group and President, Business Area Construction & Services, Ratos.

The new town hall will be a spectacular meeting place. The building will act as a model for sustainable construction and architecture. Timber frames and recycled brick are important steps in achieving a low climate impact. The building will be designed in accordance with the Breeam Excellent and Well Gold sustainability certifications.

“We are very pleased to be involved in the construction of the landmark that Ängelholm’s new town hall will become, from both an architectural and a sustainability perspective. We are truly looking forward to designing and constructing Ängelholm’s new meeting point together with Ängelholm Municipality and Liljewall Architects,” says Christian Wieland, CEO of SSEA Group.

About SSEA
SSEA is part of the Ratos-owned construction group SSEA Group. SSEA has solid expertise in carrying out large and technically complex collaboration/partnering projects. SSEA carries out construction projects for customers in the private and public sectors across Sweden. The head office is located in Stockholm, with regional offices in Malmö and Luleå. The project portfolio includes Sweden’s tallest timber building, Sara Kulturhus in Skellefteå.

For more information, please contact:
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21
Christian Wieland, CEO, SSEA Group, +46 70 654 09 30

About Ratos
Ratos is a business group consisting of 16 companies divided into three business areas: Construction & Services, Consumer and Industry. The companies have approximately SEK 33 billion in net sales (LTM). Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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