Carlyle to Acquire, Expand Data Center Company Involta

Carlyle

NEW YORK and CEDAR RAPIDS, Iowa — Dec. 22, 2021 — Global investment firm Carlyle (NASDAQ: CG) announced today that funds managed by Carlyle have agreed to acquire Involta, a data center company focused on hybrid IT and cloud infrastructure, including data center colocation, hybrid cloud, edge, fiber, and related products.

Involta owns and operates 12 data center facilities and an in-house 12,000+ fiber-mile network. These assets, paired with strategic infrastructure services, provide mission-critical IT solutions to businesses across the United States. Carlyle’s capital, resources, and expertise will help expand Involta’s operations, which today are located primarily in the Midwest as well as the Pacific Northwest and Southwestern U.S., helping grow its capabilities for both new and existing customers.

Joshua Pang, Head of Digital Infrastructure for Carlyle’s Infrastructure Group, said, “Involta has built a world-class platform with a demonstrated operating model for delivering high-quality service to customers in an increasingly complex, hybrid cloud-based world. We see significant opportunity for growth given the long-term secular demand drivers of data proliferation, digital connectivity, and the digitization of enterprise and institutional operating models. We look forward to a strong, long-term partnership and to leveraging Carlyle’s scale, resources, and access to capital to drive sustainable growth at Involta.”

Pooja Goyal, Chief Investment Officer of Carlyle’s Infrastructure Group, said, “This investment is consistent with our strategy of partnering with best-in-class businesses positioned for continued growth in the digital infrastructure space. Digital infrastructure is a key sector focus for our platform and we will continue to grow our portfolio with both high growth opportunities as well as stabilized assets.”

Bruce Lehrman, Founder and CEO of Involta, said, “We are thrilled to work with Carlyle’s proven investment team as we build on our national market leadership and support our customers’ growing digital infrastructure requirements. We see many logical opportunities to continue expanding Involta’s footprint and infrastructure, and look forward to leveraging Carlyle’s global resources and deep expertise to further accelerate our growth momentum.”

This transaction supports Carlyle’s growth in infrastructure investing, which includes investments in infrastructure companies supporting the digital economy. Earlier this year, Carlyle acquired Wyyerd Group, a leading regional fiber-to-home platform in the Southwestern United States, and recently completed an add-on fiber acquisition for that platform in December 2021.

Carlyle will acquire Involta from M/C Partners. The transaction is expected to close in the first quarter of 2022 and is subject to the satisfaction of customary closing conditions. Financial details were not disclosed.

Greenberg Traurig LLP, Bank Street Group, and TD Securities advised on this transaction.

* * * * *

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $293 billion of assets under management as of September 30, 2021, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 1,800 people in 26 offices across five continents. Further information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.

About Involta

Involta is an award-winning hybrid IT and cloud-forward consulting firm orchestrating digital transformation for the nation’s leading enterprises. Involta’s ongoing mission is rooted in partnership. Its personalized approach identifies customers’ requirements while earning their trust to ultimately deliver Superior Infrastructure and Services, Operational Excellence and People Who Deliver, keeping with the Involta brand promise.

Involta pairs strategic consulting with the unique ability to leverage owned data centers and infrastructure assets, empowering businesses with necessary security and reliability requirements. Its well-defined, rigorous process to deliver hybrid cloud, edge, consulting, and data center services have earned the company several designations, including a KLAS rating and review for partial healthcare IT outsourcing excellence. The company has also been recognized on several CRN lists and has been named one of the fastest-growing companies in America by Inc.5000 for nine consecutive years.

Involta enables customers with the power to transform their technology and the freedom to focus on their core business. To learn more about Involta, visit involta.com or follow them on LinkedInTwitter or Facebook.

About M/C Partners

M/C Partners is a private equity firm focused on small and mid-size businesses in the digital infrastructure and technology services sectors. For more than three decades M/C Partners has invested $2.4 billion of capital in over 140 companies, leveraging its deep industry expertise to understand long-term secular trends and identify growth opportunities. The firm is currently investing its eighth fund, partnering with promising companies and leadership teams to support, scale, and improve operations and maximize value. For more information, visit https://mcpartners.com.

Media contacts

Christa Zipf
Carlyle
Christa.zipf@carlyle.com
347-621-8967

Sheetal Werneke
JSA for Involta
1.866.695.3629
jsa_involta@jsa.net

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Bob More Joins Indico Data as Chief Revenue Officer

.406 Venture

BOSTONDec. 8, 2021  — Indico Data, the unstructured data company, today announced the appointment of Bob More to chief revenue officer (CRO). As CRO, More is responsible for leading go-to-market field operations, including sales, ecosystem and alliances, customer success, solutions consulting, solutions engineering and revenue operations, further accelerating Indico’s rapid adoption among the Fortune 500. An experienced revenue executive, Mr. More’s track record of building and scaling go-to-market teams and driving topline growth spans more than 20 years, with a particularly strong focus in data and analytics.

“Indico Data has grown rapidly during the past 18 months, processing more than 10 billion unstructured assets through our platform annually,” said Tom Wilde, CEO of Indico Data. “Bob joins us at a pivotal moment in our development, and his deep experience in scaling teams and driving revenue will be an exceptional addition to our already strong leadership team.”

More was previously global head of field operations for Stardog, a knowledge graph platform that enables enterprises to unify all their data, where he was responsible for building and leading all revenue activities, including sales, alliances and customer success. Prior to that, he was senior vice president of global field operations at Reltio, helping scale the company over 25 fold during his tenure. He also spent time as a senior revenue executive at SAP, responsible for driving sales of the entire SAP and Business Objects portfolio, as well as at Informatica, where he built and managed Informatica’s strategic account sales team focused on enterprise data integration solutions.

More is an active member of several mentoring programs, including The Honor Foundation, Nashville Entrepreneur Center and GrowthX Academy, all of which seek to provide individuals with professional development and support in their career journey.

“As large enterprises pursue digital transformation initiatives, they’re limited because 85% of all enterprise data is unstructured, out of reach of traditional RPA, CRM, ERP and BI solutions,” said Bob More, CRO at Indico Data. “The Indico Platform takes a unique approach to AI and ML to solve this problem, allowing these organizations to extract previously unattainable value from their large and expensive systems of record, dramatically increasing overall business insight and operational efficiency.

I’m thrilled to join this highly innovative company and work with Tom and the rest of the Indico Data team as we lead the market in solving the critical problem around unstructured data.”

The Indico Unstructured Data Platform

Built around a breakthrough human AI and machine teaching approach, the Indico Unstructured Data Platform is the first and only solution to address unstructured data that doesn’t rely on brittle and expensive rules or template-based approaches. While according to Gartner, only 20 percent of AI-enabled projects reach deployment, Indico’s customers consistently experience a greater than 90% success rate. This results in up to an 85% reduction in process time, a 400% increase in process capacity, and an 80% reduction in resources required.

For more information on the Indico Unstructured Data Platform, or to schedule a demo, please visit www.indicodata.ai.

About Indico Data

Indico Data is the unstructured data company. With its innovative AI- and ML-powered software platform, enterprises of all sizes can automate, analyze, and apply unstructured data –– documents, emails, images, videos and more –– to a wide range of enterprise workflows. The Indico Unstructured Data Platform enables companies to gain rich insight and maximize the value of their existing software investments, including RPA, CRM, ERP, and BI, by enabling these systems to work with unstructured data. Indico serves leading insurance, financial services, banking, real estate and other data-intensive enterprises, including MetLife, PNC Bank, Chatham Financial, Cushman & Wakefield and Waste Management. The company is headquartered in Boston, MA. Visit www.indicodata.ai to learn more.

Media contact:
Claudine Caruso
Guyer Group for Indico Data
indico@guyergroup.com

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Artefact aims to become the world’s leading data services group following Ardian’s successful purchase offer.

Ardian

Ardian, a world-leading private investment house, together with Cathay Capital, are pleased to announce that their simplified tender offer for the remaining shares of Artefact, a leader in data services, has been accepted.

As the required conditions were met at the closing of the offer, the mandatory withdrawal on Artefact shares will be effective as of 21 December 2021 at €7.80 per share. Artefact’s legacy managers are also supporting this offer by reinvesting substantially alongside Ardian, to ensure the continuity of governance with Vincent Luciani as Group CEO.

Artefact was founded in 2014 by Vincent Luciani and Guillaume de Roquemaurel. After rapid international expansion, Artefact established itself as a leader in data-driven business transformation, with the aim of creating value by bridging the gap between data and business.

Today, Artefact has a global network, with operations across the world in Europe, Asia, the Middle East, the Americas and Africa, and over 800 employees. The company has partnered with major brands such as L’Oréal, Danone, Sanofi Orange and also supports major international accounts across a range of sectors from FMCG, Retail, Luxury, Telecoms, Healthcare, Tourism and Industry including for example: Samsung and Unilever.

Artefact’s data offerings have demonstrated their ability to scale AI projects globally, especially as only 10 to 15% of companies are currently incorporating data science-based solutions into their operations successfully. Artefact enables the implementation of fundamental services such as data governance and infrastructure, and the development of specialized solutions (call centre automation, demand forecasting, recommendation engines, and fraud detection). Artefact also has the most complete data-driven marketing portfolio on the market.

In a market driven by exponential growth in data, Ardian’s Expansion team, alongside Cathay Capital, a global investment firm with a strong presence in Asia, will support Artefact’s management team in a new phase of acceleration with the aim of becoming a global data services leader.

The new shareholders will support the group in its geographical expansion in Europe, Asia and the United States thanks to their global network and the significant resources that will be provided to the Group. Artefact will invest in an ambitious recruitment program for new talent with the aim of tripling its workforce by 2025, with already 500 recruitments planned for 2022. Finally, the Group will be an active player in the consolidation of the market by accelerating strategic acquisitions in a still highly fragmented data services market.

Artefact’s strength lies in the excellence of its people who are drawn to a company dedicated to building the next generation of “data leaders”. Strong human values, a committed CSR policy, and a continual job training, make Artefact one of the data industry’s most sought-after employers.

“The alliance with Ardian definitely marks a major turning point in the history of Artefact. The delisting and the arrival of a shareholder like Ardian, a strategic and long-term oriented investor, allows us to deploy an ambitious growth and recruitment plan, anchored on the high added value of our talents.” Vincent Luciani, Co-Founder and CEO of Artefact

“Our objective is to support this excellent management team in its ambition to become a world leader in data services. Our global network, expertise and significant resources will be available to Artefact and will help accelerate the group’s growth by strengthening its appeal to new talent by pursuing an ambitious market consolidation strategy.” Marie Arnaud-Battandier, Managing Director, Expansion team, Ardian

“We’re delighted to partner with Artefact and its management team alongside Ardian in a new phase of development. Artefact has built a strong client-recognized expertise in the field of data services and benefits from major growth potential in France and abroad. Cathay Capital will support Artefact’s ambitious organic and external growth strategy thanks to our technological know-how and ecosystem, especially in China.” Jérémie Falzone, Partner, Cathay Capital

PARTIES TO THE TRANSACTION

  • Ardian

    • Marie Arnaud- Battandier, Stephan Torra, Thomas Grétéré, Leslie Parmast.
    • Legal advisors: Latham & Watkins (Olivier Du Mottay, Olivia Rauch-Ravisé, Philippe Tesson, Mayssa Sader Michel Houdayer)
    • Financial advisors: Sycomore Corporate Finance (Tristan Dupont, Olivier Barret, Pierre-Arnaud De Lacharrière, Marion Pouchain), Clipperton Finance (Nicolas von Bulow, Martin Vielle), Natixis Partners (Philippe Charbonnier)
    • Financial advisors for the public offer: Société Générale (Stéphanie Kordonian, Stephane Krief, Asgar Sondarjee, Florent Guillermain)
    • Commercial Due Diligence: Bain & Company (Daphné Vattier, Thibaud Chabrelié, Guillaume Tobler)
    • Financial Due Diligence: Alvarez & Marsal (Ghislain De Seze, Simon Regad, Guillaume Blanchard)
    • Legal, tax and social Due Diligence: Kpmg Avocats (Xavier Houard, Thomas Chardenal)
    • Insurance Due Diligence: Finaxy (Deborah Hauchemaille)
    • Debt: Eurazeo (Eric Gallerne, Olivier Sesboüe), Tikehau, Eiffel, Bpi – Conseil juridique financement des banques: Paul Hastings (Olivier Vermeulen)
  • Cathay Capital

    • Jérémie Falzone, Benoît Seringe, Bertrand Uchan, Marc Lin
    • Commercial Due Diligence: Roland Berger (Jean-Michel Cagin, Cyrille Vincey)
    • Legal advisors: Hogan Lovells (Stéphane Huten, Arnaud Deparday)
  • Artefact

    • Vincent Luciani CEO Artefact
    • Guillaume De Roquemaurel Président du Conseil De Surveillance Artefact
    • Hayette Soltani Chief Financial Officer Artefact
    • Legal advisors: BDGS (Youssef Djehane, François Baylion, Marie Dupin, Jules Brizi)
    • Legal advisors to the management: Jausserand & Audouard (Tristan Audouard, Carole Degonse, Antoine Le Roux)
    • Financial advisors: Cambon Partners (Guillaume Teboul, Michael Azencot, Samuel Koubi, Côme Mullie)
    • Financial Due Diligence: Alvarez & Marsal (Frédéric Steiner, Nicolas Guillo, Baptiste Rideau)
    • Legal, tax and social Due Diligence: EY (Mathieu Dautriat, Charles Moulette, Solal Blanc, Adrien Khaznadji, Sylvie Magnen, Thomas Jaegle)

ABOUT ARDIAN

Ardian is a world leading private investment house with assets of US$120bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base. Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.
Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 800 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of more than 1,100 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

ABOUT CATHAY CAPITAL GROUP

Cathay Capital Group is a global investment firm supporting companies at all stages throughout North America, Asia, Europe and Africa. By helping navigate the opportunities of globalization and sustainable transformation, Cathay is the partner of choice for companies aspiring to lead markets and make a positive impact. Its global platform connects people – from investors and entrepreneurs to management teams and leading corporations – across continents to share knowledge, the tools to scale, and achieve the extraordinary. Founded in 2007 with a strong entrepreneurial heritage, Cathay Capital now manages over $4.5B in assets, has completed over 220 buyouts, growth and venture capital investments with the global reach and local expertise from offices in Paris, New York, Shanghai, Munich, San Francisco, Beijing, Singapore, Shenzhen and Tel Aviv.
Follow us on LinkedIn, Twitter @CathayCapital

ABOUT ARTEFACT

Artefact is a next-generation end-to-end data services company specialising in data transformation and data & digital marketing, transforming data into impact across the entire enterprise value chain Artefact’s unique approach, by bridging the gap between data and businesses, enables our clients to achieve their business goals in a dedicated and efficient manner. Our 800 employees combine their multi-disciplinary skills to help companies innovate and grow. Our cutting-edge Artificial Intelligence technologies and agile methods ensure the success of our clients’ AI projects, from design to deployment, training and change management. With 16 offices in Europe, Asia, North America, Latin America and Africa, we partner with leading global brands such as Orange, Samsung, L’Oréal, and Sanofi.

Media contacts

ARDIAN – Image 7

Anne-Charlotte Créac’h

accreach@image7.fr +33 1 53 70 94 21

Anatole Flahault

aflahault@image7.fr +33 1 53 70 74 26

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Indico Data CEO Tom Wilde Joins Forbes Technology Council

.406 Venture

BOSTONDec. 15, 2021  — Indico Data, the unstructured data company, announced today that the company’s CEO, Tom Wilde, has joined the Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs, and technology executives.

Tom was selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance includes a track record of successful business growth metrics, as well as personal and professional achievements and honors.

“We are honored to welcome Indico Data CEO Tom Wilde into the community,” said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Technology Council. “Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world.”

As a member of the Council, Tom gains access to a variety of exclusive opportunities designed to help him reach peak professional influence. He will connect and collaborate with other respected local leaders in a private forum. Tom will also be invited to work with a professional editorial team to share his expert insights in original business articles on Forbes.com, and to contribute to published Q&A panels alongside other experts.

Finally, Tom will benefit from exclusive access to vetted business service partners, membership-branded marketing collateral, and the high-touch support of the Forbes Councils member concierge team.

“I’m proud to be a member of, and eager to contribute to, the Forbes Tech Council community,” said Tom Wilde, CEO at Indico Data. “In my short time as a member, I have already seen the dynamic and helpful interactions among experts, as we all share the common goal of bringing relevant and powerful new technologies to light for our customers.”

About Forbes Councils
Forbes Councils is a collective of invitation-only communities created in partnership with Forbes and the expert community builders who founded Young Entrepreneur Council (YEC). In Forbes Councils, exceptional business owners and leaders come together with the people and resources that can help them thrive.

For more information about Forbes Technology Council, visit forbestechcouncil.com. To learn more about Forbes Councils, visit forbescouncils.com.

For more information on the Indico Unstructured Data Platform, or to schedule a demo, please visit www.indicodata.ai.

About Indico Data
Indico Data is the unstructured data company. With its innovative AI- and ML-powered software platform, enterprises of all sizes can automate, analyze, and apply unstructured data –– documents, emails, images, videos and more –– to a wide range of enterprise workflows. The Indico Unstructured Data Platform enables companies to gain rich insight and maximize the value of their existing software investments, including RPA, CRM, ERP, and BI, by enabling these systems to work with unstructured data. Indico serves leading insurance, financial services, banking, real estate and other data-intensive enterprises, including MetLife, PNC Bank, Chatham Financial, Cushman & Wakefield and Waste Management. The company is headquartered in Boston, MA. Visit www.indicodata.ai to learn more.

Media contact:
Claudine Caruso
Guyer Group for Indico Data
indico@guyergroup.com

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EQT’s AI platform Motherbrain pushes the boundaries of the private markets with novel algorithm for better decision making

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eqt

EQT is proud to announce that an academic paper authored by the data science team at EQT Motherbrain has been accepted for publication by the 2021 Conference on Empirical Methods in Natural Language Processing (EMNLP), acknowledged as one of the best Natural Language Processing (NLP) academic conferences in the world of AI. The paper originated from the work of developing one of the many advanced deep learning models used by the Motherbrain platform.

Motherbrain is EQT’s proprietary investment platform driven by diversified big data and cutting-edge algorithms. EQT uses Motherbrain across the EQT platform to source deals and to help investment teams make better informed investment decisions. One of many analytical scenarios that Motherbrain helps tackle is defining the similarity between companies, which can be useful in tasks such as competitor mapping.

To solve this problem, the Motherbrain team proposed a novel method – PAUSE: Positive and Annealed Unlabeled Sentence Embedding, which generates numerical representations from company descriptions enabling a measurement of closeness between any two companies. The model turns out to be best-in-class at defining similarity without relying heavily on pre-existing annotations by investment professionals, as other high performing models do.

Victor Engelsson, Partner within EQT Growth’s Advisory Team, commented, “EQT Growth invests in companies at the scale-up stage and uses Motherbrain and underlying novel algorithms like PAUSE to assess and make faster and more substantiated decisions. Being data driven and having access to the best market intelligence is truly one of EQT’s competitive advantages.”

High performing deep learning models have not been easily applicable in the private capital domain as they require a large amount of annotated data. The Motherbrain team is constantly moving the needle when it comes to applying advanced analytics in the private capital sector, and PAUSE will facilitate that adoption by mitigating the reliance on heavily annotated data. With this work, the Motherbrain team is also proud to contribute to the academic community with a creative method born out of a real industrial use case.

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Projective Group acquires specialist data consultancy DTSQUARED

GIMV

05/08/2021 – 08:41 | Portfolio

Funded by recent investment from Gimv in April this year, this acquisition is a key part of Projective Group’s European expansion and provides a significant addition to the Group’s capabilities and existing team of 35 consultants in London.

DTSQUARED’s team of 85 data experts will bring a wealth of experience in all aspects of data as well as access to an impressive client base across multiple sectors and strategic relationships with DTSQUARED’s global technology partners. This complements Projective Group’s current management consulting offering from Projective and Exellys, to provide a truly end-to-end consultancy package to clients.

Stefan Dierckx, CEO, of Projective Group, said:
“With our clients increasingly demanding advice and consultancy around data, we firmly believe that DTSQUARED’s knowledge and expertise around data management and governance is complementary to Projective Group’s current service offering provided by Projective and Exellys. Together with DTSQUARED, we can now better serve our current and future clients in answering business problems and creating value in a complex market with even more demanding regulations. This partnership represents the start of the next phase of growth for Projective Group and we are delighted to welcome DTSQUARED to the team.”

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Projective Group acquires specialist data consultancy DTSQUARED

GIMV

London, 5 August 2021 – Projective Group, the international consulting firm, has today announced its acquisition of London-based DTSQUARED, the specialist data consultancy.

Funded by recent investment from Gimv in April this year, this acquisition is a key part of Projective Group’s European expansion and provides a significant addition to the Group’s capabilities and existing team of 35 consultants in London.
DTSQUARED’s team of 85 data experts will bring a wealth of experience in all aspects of data as well as access to an impressive client base across multiple sectors and strategic relationships with DTSQUARED’s global technology partners. This complements Projective Group’s current management consulting offering from Projective and Exellys, to provide a truly end-to-end consultancy package to clients.

Stefan Dierckx, CEO, of Projective Group, said:
“With our clients increasingly demanding advice and consultancy around data, we firmly believe that DTSQUARED’s knowledge and expertise around data management and governance is complementary to Projective Group’s current service offering provided by Projective and Exellys. Together with DTSQUARED, we can now better serve our current and future clients in answering business problems and creating value in a complex market with even more demanding regulations. This partnership represents the start of the next phase of growth for Projective Group and we are delighted to welcome DTSQUARED to the team.”
The overall Projective Group offering will be strengthened by the mutual benefits of the acquisition, with all parties gaining additional capabilities and expertise. DTSQUARED’s knowledge and experience enables Projective Group to expand into the important and evolving data industry via the creation of a new Data Management & Governance offering for Projective Group’s clients. Projective Group can now support clients with all their strategic data requirements; to design, establish and implement the most beneficial, efficient, and profitable data solutions that provide real business value.

Toby Pearson, CEO of DTSQUARED, said:
“We have a strong record of growth whilst delivering the Power of Data for our clients these past eight years, but when Projective Group approached us, it was an excellent opportunity to combine forces and further strengthen our respective offerings. Together, our shared knowledge, expertise and ambitions uniquely position us within Europe to cater to all client demands both now and in the future. We will scale, affording all our employees a greater breadth of opportunities across a wider geography which will ensure that we continue to maintain and attract the highest of standards. The coming months will be spent planning to deliver the best
solutions and advice possible for our clients as we build excellence across Projective Group’s six major European centres.”
DTSQUARED’s established positioning in the market means that the brand and operational management will remain unchanged by the acquisition, and it will now be able to scale at pace to meet ever-changing client demands. Toby Pearson, CEO of DTSQUARED, is joining Projective Group’s board to ensure harmonisation across all parts of the Group’s operations.

UK PR contact:
Alex Eyre, Rostrum
a.eyre@rostrum.agency
+44 (0)7540 282 762

ABOUT PROJECTIVE GROUP
Projective Group is a holding company encompassing multiple entities covering all aspects of transformation in today’s financial industry. Projective Group is an end-to-end partner for those who want to excel in an ever-changing environment, helping shape businesses today to meet tomorrow’s challenges.

ABOUT PROJECTIVE
Projective drives innovation and change in the financial industry by stimulating complex business transformation, sustainable change, measurable value and cost reduction. With their in-depth expertise in banking, payments, capital markets, asset management, stock exchanges and insurance, Projective’s experts carry organizations forward in the fields of regulation, digital innovation, (digital) change processes and operational excellence.
The ‘Projectivers’ are a unique collective of senior industry professionals, management consultants and delivery and technology experts. Together with our partners Exellys, The Glue, Start-ups.be & Scale-ups.eu and Smartfin, we provide financial institutions access to industry-leading innovative expertise and delivery. They serve their customers from offices in Europe’s leading European financial centres, including Brussels, Amsterdam, London, Frankfurt, Paris and Zurich. www.projectivegroup.com

ABOUT EXELLYS
Exellys helps companies attract and retain highly skilled talent in IT and engineering functions. With a program of intensive training and coaching in technical, management and soft skills, Exellys takes this tech talent to a higher level, making it immediately employable. Exellys ensures that companies can call on the best tech talent available, both permanently and on a flexible / project basis, thereby enabling them to continue to focus on their core business. Since its start in 2014, Exellys has grown into a company with 140 consultants and 24 internal employees. www.exellys.com

ABOUT DTSQUARED
DTSQUARED is a specialist consultancy solving business challenges and unlocking opportunities using the Power of Data. Through their significant data expertise and end-to-end data management capabilities, DTSQUARED help their clients by creating tangible business benefits via their data strategy.
DTSQUARED focus on Data Governance, Data Quality, Data Architecture and Master Data Management as well as extensive end-to-end project and programme management capabilities. Working across the UK, US and Europe, the team have helped solve data challenges for numerous large, global organisations across sectors including financial services, real estate, utilities and the public sector.

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Cloudera Enters into Definitive Agreement to be Acquired by Clayton, Dubilier & Rice and KKR for $5.3 Billion

KKR

Cloudera Stockholders to Receive $16.00 Per Share in Cash

SANTA CLARA, Calif.June 1, 2021 /PRNewswire/ — Cloudera, (NYSE: CLDR), the enterprise data cloud company, today announced that it has entered into a definitive agreement to be acquired by affiliates of Clayton, Dubilier & Rice (“CD&R”) and KKR in an all cash transaction valued at approximately $5.3 billion. The transaction will result in Cloudera becoming a private company and is expected to close in the second half of 2021.

Cloudera

The Board of Directors of Cloudera (the “Board”) has unanimously approved the transaction and recommends that the Cloudera shareholders approve the transaction and adopt the merger agreement. Entities related to Icahn Group, collectively holding approximately 18% of the outstanding shares of Cloudera common stock, have entered into a voting agreement pursuant to which they have agreed, among other things, to vote their shares of Cloudera common stock in favor of the transaction.

The transaction delivers substantial value to Cloudera shareholders, who will receive $16.00 in cash per share, representing a 24% premium to the closing price as of May 28, 2021 and a 30% premium to the 30-day volume weighted average share price.

“This transaction provides substantial and certain value to our shareholders while also accelerating Cloudera’s long-term path to hybrid cloud leadership for analytics that span the complete data lifecycle – from the Edge to AI,” said Rob Bearden, CEO of Cloudera. “We believe that as a private company with the expertise and support of experienced investors such as CD&R and KKR, Cloudera will have the resources and flexibility to drive product-led growth and expand our addressable market opportunity.”

“We very much look forward to working with Cloudera as it continues to execute its long-term transformation strategy,” said Jeff Hawn, CD&R Operating Partner who will serve as Chairman of the company upon the close of the transaction. “The company has made significant progress establishing the Cloudera Data Platform (CDP) as a leader in hybrid and multi-cloud analytics, and we believe that our experience and capabilities can offer valuable support to accelerate expansion into new products and markets.” Mr. Hawn’s past roles include serving as Chairman and Chief Executive Officer of Quest Software, Vertafore, and Attachmate.

“We have followed the Cloudera story closely for a number of years and are pleased to be supporting its mission of helping companies make better use of their data in the ever-evolving hybrid IT environment,” said John Park, KKR Partner and Head of Americas Technology Private Equity. “We are excited to contribute to Cloudera’s accelerated innovation efforts as a private company.”

KKR is making the investment from its North American private equity funds, adding to KKR’s experience helping to grow leading global technology businesses, including GoDaddy, Internet Brands, Epicor, BMC, Optiv, Calabrio, Corel and 1-800 Contacts. CD&R’s investments in technology-related businesses include Epicor, Capco, m2gen, Sirius Computer Solutions, and TRANZACT.

Closing of the deal is subject to customary closing conditions, including the approval of Cloudera shareholders and antitrust approval. The agreement includes a 30-day “go-shop” period expiring on [July 1], 2021, which allows the Board and its advisors to actively initiate, solicit and consider alternative acquisition proposals from third parties – with an additional 10 days to negotiate a definitive agreement with qualifying parties. The Board will have the right to terminate the merger agreement to enter into a superior proposal subject to the terms and conditions of the merger agreement. There can be no assurance that this “go-shop” will result in a superior proposal, and Cloudera does not intend to disclose developments with respect to the solicitation process unless and until the Board receives an acquisition proposal that it determines is a superior proposal, or it otherwise determines such disclosure is required.

First Quarter Fiscal 2021 Financial Results

Cloudera will announce its first quarter fiscal year 2021 financial results in a separate release today. The press release will also be available on the Investor Relations section of Cloudera’s website. Due to the announced transaction with affiliates of CD&R and KKR, Cloudera has cancelled its earnings conference call previously scheduled for June 2, 2021.

Advisors

Morgan Stanley & Co LLC is serving as exclusive financial advisor to Cloudera, and Latham & Watkins, LLP is serving as legal advisor to Cloudera. GCA Advisors, LLC, BofA Securities, William Blair & Company, L.L.C., Perella Weinberg Partners LP, Cowen and J.P. Morgan are serving as financial advisors and Kirkland & Ellis, LLP and Debevoise & Plimpton LLP are serving as legal advisor to CD&R and KKR. J.P. Morgan, Bank of America, and KKR Capital Markets have committed to providing debt financing for the transaction.

About Cloudera

At Cloudera, we believe that data can make what is impossible today, possible tomorrow. We empower people to transform complex data into clear and actionable insights. Cloudera delivers an enterprise data cloud for any data, anywhere, from the Edge to AI. Powered by the relentless innovation of the open source community, Cloudera advances digital transformation for the world’s largest enterprises. Learn more at Cloudera.com.

Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.

About Clayton, Dubilier & Rice

CD&R is a private investment firm with a strategy predicated on building stronger, more profitable businesses. Since inception, CD&R has managed the investment of more than $35 billion in 100 companies with an aggregate transaction value of more than $150 billion. The firm has offices in New York and London. For more information, please visit www.cdr-inc.com.

About KKR

KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

Important Information and Where to Find It

In connection with the proposed transaction between Cloudera, Inc. (“Cloudera”) and an affiliate of CD&R and KKR, a special stockholder meeting will be announced soon to obtain stockholder approval in connection with the proposed transaction. Cloudera expects to file with the Securities and Exchange Commission (“SEC”) a proxy statement (the “Proxy Statement”), the definitive version of which will be sent or provided to Cloudera stockholders. Cloudera may also file other documents with the SEC regarding the proposed transaction. This document is not a substitute for the Proxy Statement or any other document which Cloudera may file with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of the Proxy Statement (when it is available) and other documents that are filed or will be filed with the SEC by Cloudera through the website maintained by the SEC at www.sec.gov, Cloudera’s investor relations website at https://investors.cloudera.com/home/default.aspx or by contacting the Cloudera investor relations department at the following:

Participants in the Solicitation

Cloudera and certain of its directors, and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be considered to be participants in the solicitation of Cloudera’s stockholders will be set forth in the Proxy Statement for its special stockholder meeting. Cloudera stockholders may obtain additional information regarding the direct and indirect interests of the participants in the solicitation of proxies in connection with the proposed transaction, including the interests of Cloudera directors and executive officers in the transaction, which may be different than those of Cloudera stockholders generally, by reading the Proxy Statement and any other relevant documents that are filed or will be filed with the SEC relating to the transaction. You may obtain free copies of these documents using the sources indicated above.

Cautionary Statement Regarding Forward-Looking Statements About the Proposed Transaction

This communication contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Cloudera’s current expectations, estimates and projections about the expected date of closing of the proposed transaction and the potential benefits thereof, its business and industry, management’s beliefs and certain assumptions made by Cloudera, CD&R and KKR, all of which are subject to change. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “expect,” “target,” similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control, and are not guarantees of future results, such as statements about the consummation of the proposed transaction and the anticipated benefits thereof. These and other forward-looking statements, including the failure to consummate the proposed transaction or to make or take any filing or other action required to consummate the transaction on a timely matter or at all, are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: (i) the completion of the proposed transaction on anticipated terms and timing, including obtaining stockholder and regulatory approvals, anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management, expansion and growth of Cloudera’s business and other conditions to the completion of the transaction; (ii) conditions to the closing of the transaction may not be satisfied; (iii) the transaction may involve unexpected costs, liabilities or delays; (iv) the outcome of any legal proceedings related to the transaction; (v) the failure by CD&R and KKR to obtain the necessary debt financing arrangements set forth in the commitment letters received in connection with the transaction; (vi) the impact of the COVID-19 pandemic on Cloudera’s business and general economic conditions; (vii) Cloudera’s ability to implement its business strategy; (viii) significant transaction costs associated with the proposed transaction; (ix) potential litigation relating to the proposed transaction; (x) the risk that disruptions from the proposed transaction will harm Cloudera’s business, including current plans and operations; (xi) the ability of Cloudera to retain and hire key personnel; (xii) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed transaction; (xiii) legislative, regulatory and economic developments affecting Cloudera’s business; (xiv) general economic and market developments and conditions; (xv) the evolving legal, regulatory and tax regimes under which Cloudera operates; (xvi) potential business uncertainty, including changes to existing business relationships, during the pendency of the merger that could affect Cloudera’s financial performance; (xvii) restrictions during the pendency of the proposed transaction that may impact Cloudera’s ability to pursue certain business opportunities or strategic transactions; and (xviii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as Cloudera’s response to any of the aforementioned factors. While the list of factors presented here is considered representative, such list should not be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Cloudera’s financial condition, results of operations, or liquidity. Cloudera does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

SOURCE Cloudera, Inc.

Related Links

http://www.cloudera.com

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Data ecosystems pioneer OpenOcean raises €92M fund for data solutions and software

Tesi

10 February, London: OpenOcean, the pioneering investor in data solutions and software, has today announced a €92M raise for its third main venture fund. The new fund will look to invest in Europe’s most exciting and disruptive data businesses that are resolving digitalisation bottlenecks and building the future data economy. LPs in the new fund include European Investment Fund, Tesi, Elo Mutual Pension Insurance Company, KRR III, further institutions, major family offices, and Oxford University’s Corpus Christi College.

Fund 2020 is OpenOcean’s third main institutional fund, following €45M and €80M funds in 2011 and 2015 respectively. A final close of €130M is targeted for H1 2021. The fund will invest primarily at the Series A level with initial investments of €3M to €5M, across OpenOcean’s core target areas of artificial intelligence, application-driven data infrastructure, intelligent automation, and open source. The modern explosion of data has presented a significant opportunity at the infrastructure level to enable the potential of next-generation software to be realised.

OpenOcean’s team has a long and storied entrepreneurial history, with Michael “Monty” Widenius, Ralf Wahlsten, Patrik Backman, and Tom Henriksson building and investing in MySQL and MariaDB. MySQL, which is part of the LAMP stack (Linux, Apache, MySQL and Python/PHP) that helped shape today’s internet, was the first commercially successful open source project and one of the first technology unicorns from Europe.

Since it was established in 2011, OpenOcean has continued to pioneer cutting-edge technologies at the forefront of the data economy. It was one of the first VCs in Europe to invest in Big Data analytics software (Import.io, RapidMiner), identity management (TrueCaller), automation (Supermetrics, AppGyver) and DevOps (Bitrise).

To accelerate its investments in AI, data/cloud infrastructure, and new frontiers like quantum computing, OpenOcean has appointed Ekaterina Almasque as General Partner. At OpenOcean, she has already led investments in IQM (superconducting quantum machines) and Sunrise.io (multi-cloud hyper-converged infrastructure) and is leading the London team and operations for the firm.

Ekaterina Almasque, General Partner at OpenOcean, said: “The next five years will be critical for digital infrastructure, as breakthrough technologies are currently being constrained by the capabilities of the stack. Enabling this next level of infrastructure innovation is crucial to realising digitisation projects across the economy and will determine what the internet of the future looks like. We’re excited by the potential of world-leading businesses being built across Europe and are looking forward to supporting the next generation of software leaders.”

Nicholas Melhuish, Bursar at Oxford University’s Corpus Christi College, and David Bloch, Chair of its Endowment Investment Committee, commented: “As part of our endowment allocation to alternative investments, Corpus Christi College is pleased to partner with OpenOcean in its pursuit of high investment returns while backing innovative, world-changing businesses in the global data economy. We were impressed with OpenOcean’s history as founders and investors, its commitment to limited partners, and the team’s record of success identifying extraordinary early-stage companies and helping them scale faster and farther. OpenOcean’s focus on mass data management, application-driven data infrastructure, and platform enablers for digitalization will be rewarding in the long-term. We also believe OpenOcean’s focus on mass data management, application-driven data infrastructure, and platform enablers for digitalization will be rewarding in the years to come. We look forward to a mutually successful collaboration.”

Before joining OpenOcean, Almasque was a Managing Director at Samsung Catalyst Fund in Europe, where she successfully led investments in strategic and cutting-edge technologies, such as Graphcore’s processor for Artificial Intelligence, Mapillary’s layer for rapid mapping and AIMotive’s autonomous driving stack. She brings years of hands-on experience in building and scaling businesses globally, strategic thinking, and technology thought-leadership.

Tom Henriksson, General Partner at OpenOcean, said: “We’re thrilled to have welcomed Ekaterina as a General Partner to the OpenOcean family as we launched this new fund. She brings an immense amount of expertise to the team and exemplifies the way we want to support our founders. Fund 2020 is an important step for OpenOcean, with prestigious LPs trusting our approach and our knowledge, and believing in our ability to identify the very best data solutions and infrastructure technologies in Europe.”

About OpenOcean:

OpenOcean is the pioneering venture capital investor in data solutions and software. It has a long entrepreneurial history, led by the founders of several category-defining businesses, including MySQL and MariaDB. Since its foundation in 2011, OpenOcean has continued to pioneer cutting-edge technologies at the forefront of the data economy. It typically leads or co-leads Series A funding rounds in European start-ups that are removing barriers to digitalisation or enabling the potential of next-generation technologies to be realised.

Additional information:

Ballou PR
openocean@balloupr.com
+44 (0) 20 3983 8306

Riitta Jääskeläinen
Investment Director, Fund investments, Tesi
+358 50 309 2733
riitta.jaaskelainen@tesi.fi

Tesi (Finnish Industry Investment Ltd) is a Finnish state-owned investment company that wants to raise Finland to the front ranks of renewing economic growth by investing in funds and directly in companies. We invest profitably and responsibly, hand-in-hand with co-investors, to create the world’s new success stories. Our investments under management total 1.6 billion euros. Ambition for ownership and success – tesi.fi | @TesiFII

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SPINS Announces Growth Investment Led by Warburg Pincus

General Atlantic

General Atlantic and Georgian also invest in business; partnership to accelerate SPINS’ strategic initiatives and growth opportunities

SPINS, a leading wellness-focused data, analytics and technology provider in the U.S., today announced a significant investment from Warburg Pincus, General Atlantic and Georgian. The growth investment will support future strategic initiatives including sales and marketing expansion, retail partner value expansion, new product development, and new vertical expansion. Terms of the transaction were not disclosed.

For two decades, SPINS has been a passionate advocate for the Natural and Specialty Products Industry. SPINS is committed to laying the foundation for the next generation of growth, providing dynamic data, actionable insights, product attributions, and digital activation solutions. SPINS helped establish a common language across the health and wellness ecosystem for key stakeholders including retailers, brands, distributors and consumers.

“Our mission has always been to increase the presence and accessibility of natural and better-for-you products that help people live their healthiest and best lives and drive sustainable production practices in North America. This mission, combined with our expertise in product intelligence and insights, is leading to more vibrant living for consumers and bigger success of our clients,” said Tony Olson, Founder & CEO, SPINS LLC. “We are beyond thrilled to take our vision to the next level with Warburg Pincus, General Atlantic and Georgian by leveraging their global resources and experience in data and information businesses to enable SPINS to meet the rapidly growing demand for our services.”

“SPINS is the leading provider of omni-channel and retailer-specific product measurement, mission-critical performance data, and unique insights into consumer trends and digital activation. We are incredibly excited to partner with Tony and the rest of the SPINS team,” said Stephanie Geveda, Managing Director, Head of Business Services, Warburg Pincus. “This investment underscores our long-term commitment to strategically investing in market-leading, vertical-specific B2B information services businesses that capture unique data,” added Justin Sadrian, Managing Director, Technology, Warburg Pincus.

“SPINS has developed a highly-differentiated industry platform that serves as a pivotal source for business performance and market information to retail and consumer brands. Supported by Tony’s strategic vision, SPINS continuously innovates on its platform to meet customers’ evolving needs, which has allowed the company to build deep relationships in the wellness retail market,” said Peter Munzig, Managing Director, General Atlantic. “We’re looking forward to working alongside the SPINS team as they continue to expand the reach of their suite of digital solutions to address untapped growth opportunities in the market.”

“SPINS has been on a mission to accelerate the rapidly growing Natural and Specialty Products Industry by providing unique insights to retailers and brands,” said Margaret Wu, Lead Investor at Georgian. “The company’s rich dataset has enabled the team to develop a high-value AI roadmap that will drastically enhance its product intelligence offerings. We are excited to partner with SPINS on this journey and support the team in helping customers realize greater value, faster.”

Jefferies LLC acted as exclusive financial advisor and Reed Smith LLP served as legal advisor for SPINS.

About SPINS

SPINS is a wellness-focused data company and advocate for the Natural Products Industry. Over the past two decades, SPINS’ investments have led to a common language used across the industry as well as laid the foundation for the next generation of innovation, while providing dynamic data, actionable insights, and digital activation solutions that drive growth for our clients & partners and contribute to a healthier and more vibrant America. Learn more at www.spins.com.

About Warburg Pincus

Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $56 billion in private equity assets under management. The firm’s active portfolio of more than 190 companies is highly diversified by stage, sector, and geography. Warburg Pincus has been a long-time, active investor in vertical-specific data and information businesses, with investments including, Reorg Research, Intelligent Medical Objects, RS Energy, CAMP Systems, Gordian Group, Interactive Data Corporation, and TurnItIn. Warburg Pincus also has significant experience investing across the food and food retail technology value chain, with investments including, Certified Sciences, GA Foods, and Grubhub Seamless, Salsify, and Trax. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $86 billion in over 910 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information please visit www.warburgpincus.com.

About General Atlantic

General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. Established in 1980, General Atlantic combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to build market-leading businesses worldwide. General Atlantic has more than 175 investment professionals based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai and Singapore. For more information on General Atlantic, please visit the website: www.generalatlantic.com.

About Georgian

Georgian is a fintech company investing in high growth software companies that harness the power of data in a trustworthy way. At Georgian, we’re building a platform to provide a better experience of growth capital to software company CEOs and their teams. Georgian’s platform is designed to identify and accelerate the best growth-stage software companies, taking an intelligent, data-first approach to solving the key challenges CEOs face as they grow their businesses. Based in Toronto, Georgian’s team brings together software entrepreneurs, machine learning experts, experienced operators and investment professionals. For more information, visit https://georgian.io/.

Media Contacts

Mary Armstrong & Emily Japlon
General Atlantic media@generalatlantic.com

Michael Erwin
SPINS merwin@spins.com

Sarah McGrath Bloom
Warburg Pincus Sarah.Bloom@warburgpincus.com

Katie Schiefer
Georgian katie@georgian.io

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