KeBeK Private Equity, together with Apicem Investments, invests in Askové, a leading designer and builder of thermoplastic equipment and turn-key process installations in air and water technology.

Kebek

Schijndel, March 27, 2024 – Belgian investment fund KeBeK Private Equity, together with Dutch
company Apicem Investments, has reached an agreement on the acquisition of a majority stake in
Askové. The current Managing Director of Askové, Leon Heemskerk, will remain involved as a minority
shareholder and will transfer the day-to-day management of the company to Lars Claassen,
Managing Partner of Apicem Investments.

Askové designs and builds high-quality process equipment based on thermoplastics. Over the years,
Askové has specialized in process technology, mechanical and control solutions for the treatment
and cleaning of fluids and emissions, in both biological and chemical ways. In doing so, Askové has
focused on finding practical and eƯicient solutions to problem situations concerning odor treatment
and handling of (contaminated) gases and chemical fluids in industrial processes. Furthermore,
Askové also specializes in the storage, transport and dosing of chemicals in the process industry.
The company works for a number of Water Boards, drinking water companies and renowned
industrial and food companies, among others.

Askové invests in research and development to create innovative process solutions that meet the
needs of its customers to comply with increasingly stringent regulations. This includes designing new
equipment and improving existing products to increase eƯiciency, reliability and safety.
The company is committed to long-term relationships with its customers and provides
comprehensive customer service and support. This includes training of customer personnel,
preventive maintenance, repairs and technical support to ensure that equipment continues to
perform optimally.

The company has approximately 35 dedicated employees. In recent years, Askové has experienced
substantial sales growth. Significant growth is also expected in the future, driven by the increasing
interest in biological purification and nitrogen issues, but also by expanding application areas and
broadening Askové’s product range, with continuity of high quality operations as a fixed value.

For more information:
Askové – www.askove.com

Leon Heemskerk: l.heemskerk@askove.com or +31 650 515141
Apicem – www.apicem.nl
Lars Claassen: l.claassen@apicem.nl or +31-(0)6-4342 5511

At Apicem Investments, we are passionate about entrepreneurship and believe in the power of
collaboration with a personal touch. We pursue strong partnerships with our portfolio companies
and investors, leveraging our expertise, network and personal experience to help them grow and
prosper.

KeBeK Private Equity – www.kebek.be
Gerd Smeets: Gerd.Smeets@kebek.be or +32 2 66 99 022

KeBeK is an independent Belgian investment fund that invests in solid, medium-sized companies
with an identifiable potential for further value creation. KeBeK actively supports the management
team of its participations in the implementation of the jointly defined business strategy. KeBeK
usually takes controlling interests, without however taking an operational role. The fund is managed
by 4 partners who have worked together for many years and have a proven track record in the private
equity industry. KeBeK’s resources are provided by recognized institutional investors, family oƯices
and successful entrepreneurs.

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A1 Electronics joins Metis Group

GIMV

Eindhoven, 27 March 2024 –Metis Group has entered into an agreement with Strukton to acquire A1 Electronics, a provider of electronics manufacturing services, located in Almelo, the Netherlands. With A1 Electronics joining Metis, as per today, the group further strengthens its position in the growing electronics market.

A1 Electronics and its subsidiary Buca Electronics provide electronic manufacturing services focused on the high-mix, low-volume segment, servicing ~100 customers. The current management team consisting of Rudy and Rob Oude Vrielink, and Lamber Voortman, will participate as minority shareholders and maintain their roles as managing directors of A1 to ensure continuity and support further growth of the company.

The mutual strategic-operational collaboration with Metis will enable A1 Electronics to achieve an acceleration of growth and further increase the added value for its customers. A1 complements Metis Group with its very high-mix, low-volume production capabilities, and adds potting and cable assembly capabilities. Whereas Metis’ extensive engineering, technology and higher volume production capabilities will be beneficial for A1’s customers.

Reinier Beltman, CEO of Metis Group, remarks: “Following the launch of the Metis Group earlier this year, we are excited to welcome A1 Electronics to the Group. With over 23 years of experience, A1 Electronics is a very valuable addition. Joining forces will accelerate our joint growth path. We are looking forward to work with Rob, Rudy, Lamber and the team”.

Rudy Oude Vrielink, Managing Director of A1, adds: “We are excited to join Metis Group and are pleased to have found a partner that endorses our philosophy and enables us to provide even more added value to our customers. We look forward to the collaboration with Metis”.

Boris Wirtz, chairman of Metis Group’s Supervisory Board, concludes: “As Supervisory Board we are pleased to welcome A1 to the Metis Group. The acquisition fits perfectly in our buy-and-build strategy which is focused on creating a group of high-quality electronics companies that complement and strengthen each other, whereby we concentrate on realizing synergies through continued knowledge and best-practice sharing”.

About A1 Electronics
Established in 2001, A1 Electronics has developed into a one-stop provider of electronics manufacturing services (EMS). The Company specializes in assembling printed circuit boards and integrated finalized products. Its capabilities include SMT, THT, cable assembly, box-build, testing, potting, logistics and lifecycle management services.

A1 Electronics distinguishes itself through its seamless integration of quality and delivery performance. Its commitment to excellence begins with qualified and skilled personnel, supported by a state-of-the-art machine park that adheres to the latest industry guidelines and certifications.
The company has demonstrated its commitment to social responsibility, notably through its subsidiary Buca Electronics, which exclusively employs individuals with a distance to the labor market.

For more information about A1 Electronics, please visit https://www.a1electronics.nl

About Metis Group
Metis Group is a group of electronics companies that provide development, manufacturing and product life cycle management services to customers in a variety of markets. With a combined revenue of well over EUR 130M+ and a strong and committed workforce of 500+ employees across multiple locations in the Netherlands including Eindhoven, Veendam, Drachten and Almelo; Metis Group is ready to support its partners with high-tech electronics solutions.

For more information about Metis Group and its subsidiaries, please visit https://metis-group.nl

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Apollo Funds Agree to Sell 28.4% Stake in Vallourec to ArcelorMittal

Apollo logo

NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed Funds (“Apollo Funds” or the “Funds”) have agreed to sell 65.2 million common equity shares in Vallourec SA (Euronext: VK; “Vallourec”, the “Company”), a value-added manufacturer of premium tubular steel products, for €14.64 per share to ArcelorMittal. The shares sold represent a 28.4% equity interest1 in Vallourec and a total transaction value of approximately €955 million, and upon close will mark the Apollo Funds’ exit of the investment.

“We’re proud of the extremely strong results achieved during our Funds’ ownership as the Company transformed its operations under a top leadership team led by Philippe Guillemot and established itself as a focused world leader in the manufacturing of high performance tubular products. Along with this business transformation have come record levels of profitability, a more sustainable competitive position and an opportunity to capture future growth in the energy transition markets,” said Apollo Partner Gareth Turner. “There is still considerable potential to expand upon what we have achieved but it is now appropriate for Apollo to transition our Funds’ shareholding to an industrial partner that can take the Company forward. We remain confident that Vallourec is well-positioned for long-term growth and we wish Philippe and the entire team continued success.”

Philippe Guillemot, Vallourec Chairman and CEO, said, “Apollo’s operational and capital markets expertise was instrumental to Vallourec’s turnaround, and we thank the Apollo team for their unfailing support and world-class partnership. With Apollo’s Funds’ assistance, we have fundamentally changed the operational and financial structure of Vallourec and we believe we are on the right trajectory to deliver enhanced shareholder value over the coming years.”

After leading the financial restructuring of Vallourec, Apollo Funds became the largest equity investor in Vallourec in 2021. As a strategic capital partner, Apollo played a pivotal role in the design, launch, and implementation of the “New Vallourec” plan in May 2022, which helped to transform the Company’s operational design, footprint and capabilities, and drove EBITDA from €258mm in 2020 prior to Apollo Funds’ investment to €1,196mm in 2023, reflecting the best results in nearly 15 years.

The transaction is expected to close in the second half of the year, subject to satisfaction of customary closing conditions.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2023, Apollo had approximately $651 billion of assets under management. To learn more, please visit www.apollo.com.

Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

1 Not taking into account preferred shares already issued but not vested as of today.

 


Primary Logo

Source: Apollo Global Management, Inc.

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IK Partners to invest in Checkmate Fire

IK Partners

IK Partners (“IK”) is pleased to announce that the IK Small Cap III (“IK SC III”) Fund has signed
an agreement to acquire Checkmate Fire (“Checkmate” or “the Company”), the UK’s largest
passive fire protection specialist, from YFM Equity Partners (“YFM”). IK is making its first UK investment from the Fund’s dedicated pool of Development Capital. The existing management
team will be reinvesting alongside IK. Financial terms of the transaction are not disclosed.

Established in 1989 and headquartered in West Yorkshire, Checkmate provides a comprehensive range of passive fire protection services to organisations across the Healthcare, Education, Government, Social Housing and Commercial sectors. The Company inspects, installs, remediates and maintains passive fire systems and also provides installation and maintenance of active fire systems.

Checkmate engineer remediating a fire door

Checkmate operates across the UK and has over 200 employees. The Company is responsible for maintaining passive fire systems in around 2,000 buildings nationally to ensure compliance with increasingly stringent regulations, carrying out over 30,000 fire door remediations or replacements per year. The focus is on maintaining fire doors rather than replacing them; an approach that aligns with the Company’s commitment to strong environmental, social and governance practices across the business.

Since YFM’s investment and under the existing management team, Checkmate has scaled rapidly, expanding its service offering and supporting more customers in managing their passive fire systems through multi-year contracts. In partnership with IK, Checkmate will look to further develop its passive fire offering, particularly its inspections division, in a market with compelling long-term growth dynamics. The Company will also continue to invest in its people and technology to enhance operational efficiency, while also executing a targeted M&A strategy.

Completion of the transaction is subject to regulatory approvals.

John Lewthwaite, CEO at Checkmate, said: “We are very much looking forward to working with IK after a successful partnership with YFM. IK’s track record of supporting businesses in the fire protection market, combined with our position as UK’s leading passive fire specialist, means that we are best placed to drive future growth in a market with attractive dynamics. We would like to take this opportunity to thank YFM for all their support and guidance over the last five years.”

Simon May, Partner at IK and Advisor to the IK SC III Fund, added: “This is an exciting first investment for the IK Development Capital strategy in the UK. Under the stewardship of John and his team, Checkmate has established itself as a high-quality provider in a rapidly growing and increasingly regulated market. We have been impressed with the Company’s journey to date and see plenty of opportunities for continued growth. We look forward to working with the team at Checkmate and leveraging the resources and expertise of the wider IK platform to deliver an ambitious strategy.”

Steve Harrison, Partner at YFM Equity Partners, commented: “It has been an absolute pleasure working with John and the entire team at Checkmate since we first invested in 2018. The business has seen rapid growth and development during this period, establishing itself as the leading player in the UK passive fire protection market. We wish Checkmate the best of luck for the future with the support of IK.”

For further questions, please contact:

Checkmate Fire
Ian Turpin
Phone: +44 7841 443948
info@checkmatefire.com

IK Partners
Vidya Verlkumar
Phone: +44 (0) 7787 558 193
vidya.verlkumar@ikpartners.com

YFM Equity Partners
Viktoria Harrison
Phone: +44 7716 097 774
viktoria.harrison@yfmep.com

About Checkmate Fire

Checkmate Fire is the UK’s leading specialist passive fire protection company and a founder member of the BRE/LPCB passive fire protection certification scheme. Checkmate delivers a full turnkey service, from initial assessments and surveys, through to full pre-planned maintenance packages. For over three decades, the firm has served a growing list of industries with the same reliable, ethical, quality service that makes it the most trusted contractor in specialist passive fire protection. For more information, visit www.checkmatefire.com.

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About IK Partners

IK Partners (“IK”) is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €14 billion of capital and invested in over 180 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit ikpartners.com.

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About YFM Equity Partners

YFM invests £3m to £15m into businesses with strong growth potential located across the UK through a regional network of offices in London, Leeds, Manchester, Reading and Birmingham.

YFM Equity Partners are specialist, independently owned, private equity investors. Having recently celebrated 40 years of investing experience, our portfolio may have changed over the years, but our ethos has remained the same – to support small businesses across the UK in their next phase of growth. We seek to unlock value and growth potential by providing up to £10 million of equity to fuel the development of established business throughout the UK regions. We do this by helping our portfolio companies launch new initiatives, make transformative acquisitions, and upgrade technologies and systems. We are dedicated to working alongside management teams to create long-term value for our investors, the companies we invest in, and make a positive economic impact for the communities in which we work. We manage funds in excess of £630 million which include venture capital trusts and private equity funds.

YFM Equity Partners conducts its investment business through its subsidiary YFM Private Equity Limited which is authorised and regulated by the Financial Conduct Authority (FRN: 122120).

For more information, please visit www.yfmep.com or follow us on LinkedIn.

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KKR Leads Financing For Clarience Technologies’ Acquisition Of Safe Fleet

KKR

NEW YORK–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced that it served as Lead Arranger, Administrative Agent, and investor on a debt financing for Clarience Technologies’ Acquisition of Safe Fleet. KKR invested in the transaction through its credit vehicles and accounts. KKR Capital Markets acted as Left Lead Arranger and Joint Bookrunner on the transaction.

Clarience Technologies is a global provider of visibility and safety technologies for transportation, including vehicle lighting, audible warning systems, telematics solutions and tire monitoring and inflation systems. With the Safe Fleet acquisition, Clarience Technologies adds a comprehensive set of complementary fleet safety solutions including video and evidence management, collision prevention, violation detection and trailer temperature control, as well as cargo storage systems, fire-fighting technologies, and other solutions. The acquisition opens cross-selling opportunities to common customer segments, accelerates technology innovation and ultimately enables Clarience Technologies to deliver better value to its customers.

KKR’s credit vehicles and accounts have been investors in both Safe Fleet and Clarience since 2018 and 2019, respectively.

“This transaction demonstrates how the scale and unique capabilities of our platform benefit the issuers with whom we work. Our long-standing investments in both companies allowed us to move quickly and with conviction to seamlessly deliver a scaled solution for Clarience Technologies and its sponsor, Genstar Capital,” said George Mueller, a Partner at KKR. “We look forward to supporting Clarience, Safe Fleet and Genstar teams as they capitalize on opportunities ahead.”

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as 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 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 For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About Clarience Technologies:

Clarience Technologies is the global leader of visibility and safety technologies for transportation. Born from a collection of premium brands each with a long track record of innovation, its solutions include vehicle lighting, camera and vision systems, telematics and safety solutions that protect our world and our livelihoods by keeping people, assets and businesses safe, secure and productive. Its team of companies includes Truck-Lite, DAVCO, Road Ready, RIGID, Lumitec, ECCO, Code 3, Fleetilla, LED Autolamps, Pressure Systems International and Safe Fleet. For more information, visit www.clariencetechnologies.com.

KKR
Julia Kosygina
+1 212-750-8300
Media@kkr.com

Source: KKR

 

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Altor completes the public cash offer to the shareholders of Permascand and acquires over 90% of the shares

On December 19, 2023, Altor PC AB (Altor), a company controlled by Altor Fund VI (No. 1) AB and Altor Fund VI (No. 2) AB[1], announced a public cash offer to the shareholders of Permascand. On February 5, 2024, Altor announced the completion of the public cash offer, whereby it acquires approximately 95% of the shares in Permascand. Settlement of shares tendered on or before February 2, 2024, is expected to commence around February 12, 2024. Altor will promote a delisting of Permascand’s shares from Nasdaq First North Growth Market.

Ever since Permascand was founded in 1971 they have built their business on technological excellence. Permascand is an independent technology-drive manufacturer of electrochemical solutions based on the Company’s proprietary catalytic coatings for clean tech applications. Permascand has supplied electrodes, electrochemical cells and aftermarket services to a variety of sectors for more than 50 years. Their headquarters are found in Ljungaverk, Sweden, with operations including research and development, technology development and production and with sales organisations in Sweden, Germany and North America.

 “We are excited to embark on this journey together with Permascand’s management and employees. We are impressed by the quality of the company’s products as key components into different industrial processes. With hydrogen production as a key end market, the growth opportunity is very tangible, but will require significant expansion in capacity. We will support Permascand on this important transformation.” said Clara Zverina, Principal at Altor.

”We are very glad to welcome Altor, their expertise and green transition ambitions aligns perfectly with our journey ahead. This partnership will make us stronger and bring us closer to our vision of becoming the leading independent global supplier of key components for electrochemical applications to support the green transition.” said Per Lindberg, Chairman of the Board at Permascand.

 

For more information, please see: www.permascandoffer.com and www.sebgroup.com/prospectuses

[1] Managed by Altor Fund Manager AB.

About Altor

Since inception, the family of Altor funds has raised more than EUR 11 billion in total commitments. The funds have invested in just south of 100 companies. The investments have been made in medium-sized predominantly Nordic and DACH companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Trioworld, OX2, Carnegie, Kaefer, FLSmidth, Rossignol and Toteme.

For more information visit www.altor.com

About Permascand

Permascand is a technology-driven manufacturer of world-leading electrochemical solutions – based on proprietary catalytic coatings – for clean tech applications. With a customer-centric focus, the company has supplied electrodes and aftermarket services for a variety of industries for more than 50 years.

For more information visit www.permascand.com

Press contact

Karin Åström

Head of Communications

karin.astrom@altor.com

+46 707 64 86 59

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Fronnt further expands and strengthens its offering through the acquisition of Bovema International

GIMV

Antwerp/Olen 5 February 2024 – Fronnt, an innovative alliance of installation companies founded in July 2022 in cooperation with investment companies Gimv and Tilleghem, has acquired another leading specialist.
Following the entry of Bovema International as the newest Fronnt member, the group consists of 14 companies and 485 employees. This steadily builds on an integrated multi-technical installation group, uniquely positioned to support organisations in the energy transition.

Today, this energy transition is in a crucial phase where the installation engineering and automation sector is becoming increasingly complex. Fronnt has extensive knowledge and know-how, which enables it to offer integrated solutions and fully unburden its customers. Bovema International’s entry into the group strengthens its offering in the field of innovative refrigeration.

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AME and Variass join forces by establishing Metis Group

GIMV

Establishing Metis Group marks a new step in the international buy-and-build strategy.

Eindhoven, 9 January 2024 – Variass, AME, and Gimv are delighted to announce the establishment of Metis Group, effective as of today, January 9, 2024. Metis Group is a group of electronics companies that provide Development, Manufacturing and Product Life Cycle Management services to customers. Metis Group aims to facilitate collaboration among its subsidiary companies by sharing best practices and optimizing production and development capabilities, thereby maximizing value for its customer base.

The step to establish the Metis Group is a logical one after the acquisition of a majority stake in AME in 2020 and Variass in 2022 by Gimv, a leading European investment company.

Metis Group: Together towards tomorrow
Metis Group’s companies are partnering with customers to develop and manufacture the innovations of tomorrow. With a combined revenue of well over EUR 100M+ and a strong and committed workforce of 450+ employees across multiple locations including Eindhoven, Veendam and Drachten in the Netherlands, Metis Group is ready to accelerate high-tech solutions together with its partners.

Metis Group is committed to positioning itself as a premier technology manufacturer in various segments of the industry, health, safety, energy, and climate markets. The goal is to significantly expand in the next years through both organic growth as well as strategic acquisitions. The subsidiaries under Metis Group will maintain their unique business operations while collaborating to launch new services, exchange best practices, and drive forward their collective ambition: Together towards tomorrow.

Leadership and Governance
Reinier Beltman will lead the Metis Group and will also continue his current CEO-role at AME. As a former CEO of Ampleon, Reinier has ample experience in realizing growth in a high-tech environment by continuously striving to maximize customer value. He will be complemented by Ronald Diederiks as CFO. They will be working closely together with the management teams of Variass and AME. The supervisory board is comprised of Henk Smid (founder and former CEO of Variass), Boris Wirtz and Tom Van de Voorde (both from Gimv). This seasoned leadership team is committed to steering Metis Group towards a future marked by innovation, market leadership, and to being an attractive employer with a high level of employee engagement.

Reinier Beltman, CEO of Metis Group, remarks “joining forces will accelerate our growth path and strengthen the partnerships with customers of each Metis Group company”.

Boris Wirtz, chairman of the supervisory board, added “the establishment of Metis Group as a platform for further buy-and-build marks a significant milestone in our journey. It reflects our shared commitment to excellence, innovation, and growth. As a Supervisory Board, we are excited to support a vision that not only propels our companies forward but also contributes significantly to the ‘smart industries sector’ we operate in”.

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Latour acquires BS Tableau GmbH

Latour logo

Investment AB Latour (publ) has, through its wholly-owned subsidiary Latour Industries AB, acquired 100 per cent of the shares in BS Tableau GmbH, based in Zülpich, Germany.

BS Tableau is a German leading manufacturer of components for elevators. The company, founded in 1995, manufactures and sells bespoke fixtures for elevator cabins and a broad range of electronic components to lift operators and OEMs, mostly targeting modernization projects. Net sales amounts to approximately EUR 6 m, of which the majority is sold in the German market. The company has 40 employees.

“We are very happy to welcome BS Tableau to Latour Industries. The company offers high-quality products, has long-standing customer relationships, and is a strong addition to our portfolio of companies in the same sector. We look forward to collaborating with all employees and to growing and developing the company further”, says Björn Lenander, CEO Latour Industries.

“I am confident that the company will benefit from Latour’s industrial experience, long-term orientation, and responsible ownership model. I am certain that this will benefit our customers and employees”, says Rainer Bunk, CEO and co-founder of BS Tableau.

As an effect of the acquisition the net debt (excl. IFRS 16) of the Latour Group increases to almost SEK 11.8 billion compared to the net debt level at the end of September 2023, all else equal.

Göteborg, 9 January, 2024

INVESTMENT AB LATOUR (PUBL)
Johan Hjertonsson, CEO

For further information, please contact:
Björn Lenander, CEO Latour Industries AB, +46 708 19 47 36
Niclas Nylund, Investment Director Latour, +46 708 17 35 85

Latour Industries consists of a number of holdings, each with its own business concept and business model. The ambition is to develop the holdings within the business area to eventually become new independent business areas within the Latour Group. Latour Industries has an aggregated annual turnover of SEK 4 billion.

Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listed holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of ten substantial holdings with a market value of about SEK 76 billion. The wholly-owned industrial operations has an annual turnover of SEK 26 billion.

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Egeria announces the sale of Wentus to Trioworld

Egeria

Egeria Group (“Egeria”) has reached a definitive agreement to sell Wentus GmbH (“Wentus”), a leading player in solutions for high performance food-, consumer- and hygiene packaging to global packaging firm Trioworld Group (“Trioworld”). Wentus was part of the Clondalkin Group.

Headquartered in Hoexter, Wentus is a European manufacturer of plastic films for flexible packaging applications with a focus on food. The company is a top-tier supplier of high-tech skin film solutions serving a global blue-chip customer base.

Christof Renz, CEO of Wentus: “We are very pleased to have found a partner in Trioworld that is a perfect fit for us and whose product portfolio is ideally complemented by Wentus. We are looking forward to working with a professional and ambitious team whose management culture suits us well. I would also like to use the opportunity to thank Egeria for the intensive and trusting cooperation as well as the great support over the past years.”

Nicolas de Nerée, Partner at Egeria: “Over the past years, Wentus developed into an innovative film manufacturer focused on sustainability in the food segment. Trioworld is the ideal partner to further strengthen Wentus’ international market position and lever its strong product expertise in Skin film.”

Andreas Malmberg, CEO of the Trioworld Group: “We are very pleased and excited to welcome Wentus into the Trioworld Group. The acquisition will give us the opportunity to grow an even stronger position in the market of advanced food-, consumer- and hygiene packaging, in Europe and in North America. Wentus has a proven track record of supplying the market with premium products and superior support, to maximize value for customers.”

The transaction is subject to customary regulatory requirements and approvals. The Trioworld Group will, after the transaction is completed, own 100% of the shares.

About Egeria
Egeria is an independent pan-European investment company founded in 1997, which focuses on medium-sized companies. Egeria invests in healthy companies with an enterprise value between EUR 50 million and EUR 350 million. Egeria believes in building great businesses together with entrepreneurial management teams (Boldly Building Together). Egeria Private Equity Funds hold investments in 16 companies, Egeria Evergreen has investments in 7 companies. Egeria’s portfolio companies have a combined turnover of c. EUR 2.5 billion and employ close to 13,000 people. In 2018, Egeria has launched EgeriaDO, a corporate giving program sponsoring projects in the fields of the arts, culture, and social objectives.

About Wentus
Wentus GmbH, the specialist for high-tech skin films and an extensive and innovative product portfolio based in Hoexter, has been developing and producing sustainable and easily recyclable packaging solutions since 1965. Around 230 employees, a flat hierarchy and a complete in-house production chain enable the rapid development of customized solutions for various requirements. With its own sales structure, strong sales partners, and representatives in the DACH region, Benelux and south-west Europe, Wentus supports customers locally and thus guarantees the highest level of customer orientation and the best service.

About the Trioworld Group
Trioworld was founded in 1965 and since 2018 under the ownership of Altor Fund IV. Altor is one of the leading Nordic Private Equity firms, focused on building world class companies. Driven by continuous development of innovative and sustainable plastic film products, Trioworld is one of the leaders in the segment, with a turnover of 900 million EUR and approximately 1.700 employees. The group´s head office is in Smålandsstenar, Sweden, with production and recycling sites in Sweden, Denmark, the Netherlands, France, the United Kingdom, and Canada. Products and solutions are sold around the world.

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