Tag Archives: Industrie

Next impact investment from Cottonwood Technology Fund: Green Theme Technologies raises $5.4 million to push its water free textile technology

Green Theme’s water free technology removes PFAS and other harmful chemicals from textile manufacturing to provide better performance with less pollution

Albuquerque, New Mexico:Green Theme Technologies Inc (GTT), the global leader in water-free and PFAS-free textile finishing, is proud to announce $5.4 million dollars raised in its series B2 financing.

This influx of capital will be used to grow GTT’s revolutionary water-free EMPEL™ performance technologies, which now include the best durable water repellent (DWR) finish in the market, stain protection, a new technology to keep footwear dry, and the ongoing joint development of water-free dye (WFD) with market leading mill and brand partners. The unique technology uniformly fuses PFAS-free chemistries to each fiber in a fabric. EMPEL™ treated fabrics far exceed the performance of other competitive C0 and C6 products in the market.

“We are very pleased with the engaged support from a knowledgeable investment team like Cottonwood Technology Fund that understands GTT technology and wants to create solutions for the growing environmental pollution created by textile manufacturing,” said Martin Flora, VP of Business Development with GTT. “Legislation like the recent California Bill (AB 1817) signed into law last month banning PFAS chemistries in textiles by 2025 are driving mills and brands to adopt the GTT EMPEL™ solution more rapidly. In addition to legislative pressure, textile manufacturers and apparel brands are starting to realize that inefficient traditional water-based textile dyeing and finishing methods are extremely wasteful in energy, create huge amounts of water pollution, remediation costs and deliver inferior performance compared to GTT’s EMPEL ™ water-free processes.”

The lead investor in the series B2 round; Cottonwood Technology Fund focuses on disruptive science-based inventions. “Cottonwood invests in hard science and deep tech start-ups that are poised to disrupt large markets,” said David Blivin, Managing Partner with Cottonwood. “We see real opportunity with Green Theme to become the new global industry standard for high performance, low impact textile finishing, which is why we are proud to invest in them.”

GTT also has the support from other expert investment groups like Phoenix Venture Partners that targets advanced material science technologies, Safer Made focused on cleaner chemistry technologies to bring safer products to the market and Sun Mountain Capital, a leading private investment firm in the Southwest and Rocky Mountain regions, also participated in the round. The fast-growing textile and fashion industries are currently the second largest water polluters on Earth and Green Theme’s business model intends to change that. By replacing traditional water-based wet textile finishing processes with efficient and water-free and PFAS -free EMPEL technology, GTT and their licensing partners are directly reducing the amount of water pollution in the world. The result is cleaner, better performing, and more sustainable textile products.

About Green Theme Technologies
Green Theme Technologies, Inc. is a textile innovation company with the mission to create products that out-perform existing technologies while eliminating toxic chemicals, water usage, and pollution. Visit https://greenthemetek.com/ for more information.

About Cottonwood Technology Fund
Cottonwood Technology Fund is a top-decile performing early-stage venture capital fund. Its investment focus is on hard science and deep tech, providing (pre-)seed and early-stage funding to IP-driven companies. Cottonwood makes impact investments in Key Enabling Technologies such as Photonics, Micro- & Nanoelectronics, Advanced Materials, Nanotechnology, Medical Technology, Climate Tech, Advanced Manufacturing and Robotics. Cottonwood recently launched its third fund focused on startups from Northwest Europe and Southwest USA, regions with numerous national laboratories, major research universities and research centers.

Current and prior investments include Skorpios Technologies, Sarcos Robotics (NASDAQ: STRC), Exagen (NASDAQ: XGN), BayoTech, Sencure, Infinitum Electric, Flexiramics, FibeRio (acquired by Clarcor), xF Technologies, TriLumina (acquired by Lumentum), SoundEnergy, OPNT, BioFlyte, Circular Genomics and SmartNanotubes Technologies.
Visit https://www.cottonwood.vc for more information.

Categories: News

Tags:

CVC Credit supports Cinven’s acquisition of Euro Techno Com

CVC Capital Partners

CVC Credit is pleased to announce that it has committed debt facilities to support Cinven’s acquisition of Euro Techno Com (“ETC Group”), a specialised distributor for the telecom and technology infrastructure industry.

Founded in 1993, ETC Group is a global leader and partner in the design, procurement and distribution of materials, tooling and equipment used by telecom operators and their subcontractors to install, build and maintain wireline and wireless infrastructure and other digital infrastructure. Headquartered in France, the Group has c.1,100 employees and c.14,000 customers based primarily across Europe and the US.

ETC Group is led by an experienced management team, with a strong record of successful acquisitions to broaden its geographic scope and customer base. The company has built a strong market position as a global leader and critical link between sourcing and distribution of materials for the telecommunications industry in France, Portugal, the US, UK, Israel, Dominican Republic, Qatar, Oman, UAE, Hong Kong, Morocco, Germany and Poland.

Quotes

This transaction is a great example of the power of the CVC Network, which allows us to draw on its knowledge and experience, particularly that of CVC’s Technology, Strategic Opportunities and France teams

Andrew Davies Partner and Co-Head of Private Credit

Dominic Connelly, Director at CVC Credit commented: “ETC Group’s critical and highly regarded service offering, position it as a key enabler in the rollout of telecoms infrastructure. Its resilient and bespoke business model, as well as market tailwinds, are helping the business to accelerate its growth and increase market share, while at the same time, continuing to deliver high levels of customer satisfaction.”

Andrew Davies, Partner and Co-Head of Private Credit at CVC Credit, said: “This transaction is a great example of the power of the CVC Network, which allows us to draw on its knowledge and experience, particularly that of CVC’s Technology, Strategic Opportunities and France teams, which will help us support ETC Group better during their next stage of exciting growth.”

Categories: News

Tags:

Swiss portfolio growth: Equistone acquires majority stake in SF-Filter AG, a leading distribution platform for mobile and industrial filters

Equistone

Funds advised by Equistone Partners Europe (“Equistone”) have acquired a majority stake in SF-Filter AG, a leading European independent distribution platform for mobile and industrial filters. The company, headquartered in Bachenbülach, near Zurich, has been sold by its existing financial investor Ambienta. The group’s management will hold a significant stake in the company through an MBO. The partnership with Equistone will focus on expanding the platform’s existing growth and developing a targeted buy-&-build strategy. The parties have agreed not to disclose details of the transaction.

Established in 1968, SF-Filter AG has grown to become one of Europe’s leading independent distribution platforms specialising in filtration. From its headquarters in the Swiss town of Bachenbülach, and with further subsidiaries in Germany, Austria, France and Poland, the filter specialist supplies B2B end-customers for industrial and mobile applications, including equipment manufacturers, resellers and national as well as international customers in more than 60 countries. With Europe’s most extensive product portfolio across all relevant filter categories – air, fuel, hydraulics, oil, pneumatics and fluids, as well as dust removal and air conditioning – the company acts as an important one-stop-shop for its diverse and loyal customer base.

SF-Filter provides leading filter products from original equipment suppliers (OES), as well as its own premium filter products, allowing contract manufacturers and OES to procure all their products directly from the company. Customers also benefit from a specialist sales team with extensive application and consulting expertise backed up by a growing e-commerce platform. Through its role as a value-added distributor, SF-Filter also acts as a key link between customers and OES, thereby delivering additional value beyond its traditional intermediary role.

This partnership will add further impetus to the success of SF-Filter AG. Together with the new majority shareholder Equistone, the primary focus will be on bolstering the company’s existing growth trajectory, including through a targeted buy-&-build strategy. Moreover, the growth of the domestic business will accelerate the company’s international expansion and help further develop the company’s e-commerce platform.

“We felt it was vital to find a reliable partner who not only offers the necessary financial capacity but can support us in our future growth by bringing years of experience in helping scale companies. We have found just such a partner in Equistone”, says SF-ilter CEO Daniel Infanger. “We want to make use of SF-Filter’s already outstanding market position and grow both in Switzerland and throughout Europe, including via targeted acquisitions. We know that we can count on Equistone’s support to help us achieve this ambition.”

“The acquisition of SF-Filter expands our portfolio by adding a player which enjoys an outstanding national and European position in the heavily fragmented consumer market for filtration. We are delighted to support SF-Filter’s future development and look forward to working closely with the management team on delivering an ambitious growth strategy”, explains Stefan Maser, Managing Director DACH/NL and Partner at Equistone. “Key factors here will be the establishment and realisation of a targeted buy-&-build strategy in order to strengthen SF-Filter’s growth across Europe”, adds David Zahnd, Director at Equistone.

Stefan Maser, David Zahnd and Roman Emanuel Hegglin led the transaction on behalf of Equistone. Equistone was advised during this transaction by Enqcor (M&A Advisory), Boston Consulting Group (Commercial), Alvarez & Marsal (Financial), Bär & Karrer (Legal & Tax), Latham & Watkins (Legal Germany), Howden (Insurance) and Houlihan Lokey (Debt Advisory).

PR Contacts

GERMANY / SWITZERLAND / NETHERLANDS

Munich, Zurich, Amsterdam

  • IWK Communication Partner
  • Ira Wülfing / Florian Bergmann
  • Tel: +49 (0)89 2000 30 30
  • E-Mail IWK

Categories: News

Tags:

EQT Private Equity sells its stake in GPA Global

eqt
  • EQT Private Equity has sold its stake in GPA Global, a packaging services provider with operations across North America, Europe, and Asia, to Ontario Teachers’
  • Under EQT Private Equity’s tenure, GPA Global has transformed from an Asia-focused consumer electronics packaging specialist, into a global packaging platform serving a well-diversified mix of customers and end-markets
  • The sale of GPA Global represents another successful exit for EQT Private Equity in Asia and further cements EQT’s overall momentum in APAC

EQT is pleased to announce that the EQT Mid Market Asia III fund (“EQT Private Equity”) has completed the sale of its co-control stake in GPA Global (“GPA” or the “Company”) to Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”).

Founded in 2007, GPA Global is a global packaging services provider. The Company offers a comprehensive suite of end-to-end services across the packaging value chain; including prototyping, design, vendor management, production and supply chain logistics. GPA provides these services to some of the world’s most well-known brands, and has more than 600 customers across the beverage, consumer electronics, healthcare, beauty and jewelry end-markets.

Since EQT Private Equity’s investment in 2017, GPA has substantially expanded its capability set and geographic footprint, and transitioned from an Asian focus into a global platform operating across North America, Europe and Asia. Over the five year period, the Company has grown its operating base from a single office in Asia to 31 global offices and facilities, including four in-house production facilities, and expanded its employee base from around 150 to 2,000 today.

GPA’s expansion has partly been enabled by the successful completion of seven strategic add-on acquisitions. These acquisitions served to diversify the Company’s revenue base, enhance its global manufacturing capabilities, and elevate its ability to deliver a differentiated value proposition to customers.

To support its rapid growth, GPA also invested heavily in building a deep management bench with the appropriate skill-set to help future-proof its operations. This included on-boarding regional heads in North America and Europe following relevant acquisitions in those markets, and also bolstering functional senior leadership in the areas of finance, HR, digital and sustainability.

Tom Wang, Co-Founder and President of GPA said, “GPA has undergone a transformation over the past five years, from an Asia-centric consumer electronics packaging specialist, into its position today as a truly global packaging platform that has a strong market position across a diversified mix of attractive end-markets. EQT has been instrumental in supporting this journey and have been great partners in the development of our business.”

Adam Melton, Co-Founder and CEO of GPA commented, “The growth GPA has achieved over the past five years is a testament to our differentiated value proposition in the packaging market. Our amazing global team bring innovation, customer-centricity and a nimble mindset to help our customers’ unique products shine in a crowded marketplace. Our whole team have enjoyed the partnership with EQT, and are equally excited about our future with Ontario Teachers’.”

David Forde, Managing Director within EQT Private Equity’s Advisory Team, said, “GPA is a great example of how EQT can partner with founder management teams to unlock the full potential of their business, and support their global expansion ambitions. In addition to growing earnings five-fold over the investment period, GPA has also thoughtfully laid the foundations for sustained long-term growth through a continued broadening of its capability set, geographic presence and addressable end-markets.”

Evercore acted as financial advisor to GPA Global and EQT Private Equity on the transaction, and Baker McKenzie as legal advisor to EQT Private Equity.

Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

EQT is a purpose-driven global investment organization with EUR 77 billion in assets under management as of 30 June 2022, across 36 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 280,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

About GPA Global
More info: www.gpaglobal.net

Tags:

EQT Mid Market Asia III GPA Global

Categories: News

Tags:

American Securities Acquires Meridian Adhesives Group from Arsenal Capital Partners

American Securities

New York, NY– American Securities LLC (“American Securities”) and Arsenal Capital Partners (“Arsenal”) today announced that an affiliate of American Securities has acquired Meridian Adhesives Group (“Meridian” or the “Company”), in partnership with the management team and funds affiliated with Arsenal. Financial terms of the transaction were not disclosed.

Meridian is a leading producer of high-performance advanced adhesives for electronics, infrastructure, and industrial end markets. The Company sells a broad portfolio of chemistries and focuses on niche applications that require custom solutions and complex formulations. Meridian operates 25 facilities and serves over 5,000 customers in North America, Asia Pacific, and Europe. The Company is headquartered in Houston, TX and employs approximately 560 people globally.

“We are grateful for the support of Arsenal over the past four years as we established Meridian as the go-to solution provider in the industry,” said Dan Pelton, Chief Executive Officer of Meridian. “We are excited about Meridian’s next phase of growth and our new partnership with American Securities.”

“The time that we have spent evaluating and investing in companies in the adhesives space gives us immense appreciation for Meridian’s leadership positions in attractive and growing end markets and applications,” commented Scott Wolff, a Managing Director of American Securities. “We are excited to support the Company’s organic growth and M&A strategies, innovation, and continued operational excellence so that Meridian can continue to solve problems for its customers.”

“Meridian’s growth has been a result of focusing on positive long-term trends in technologies and end markets, coupled with hard work from a talented leadership team and employee base,” said Roy Seroussi, an Investment Partner of Arsenal. “We look forward to our continued partnership with the Company and American Securities as we build a leading, global adhesives company.”

Morgan Stanley & Co. LLC acted as financial advisors to American Securities and Weil, Gotshal & Manges LLP served as legal counsel. Citi and Moelis & Company LLC acted as financial advisors to Meridian and Benesch, Friedlander, Coplan & Aronoff LLP served as legal counsel with respect to the transaction.

About Meridian Adhesives Group
Meridian Adhesives Group is a leading manufacturer of high-value adhesive technologies. With a broad portfolio of dynamic solutions, Meridian serves the electronics, infrastructure, and industrial (flooring, packaging, and product assembly) markets. The group’s operations are located in the Americas, EMEA and Asia, with a multitude of sales/service offices worldwide that are positioned to serve Meridian’s global customer base. For more information, visit https://meridianadhesives.com.

About American Securities LLC
Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion. American Securities and its affiliates have more than $26 billion under management. For more information, visit www.american-securities.com.

Categories: News

Tags:

Altor supports H2 Green Steel on EUR 190 million funding round

Altor

Altor Fund V (Altor) continues to support the Swedish green impact company H2 Green Steel in its first close of the Series B equity financing. The key investors in the financing round next to Altor are AMF, GIC, Schaeffler, Swedbank Robur and Vargas Holding. Existing shareholders continue to support the company with additional equity funding, including such investors as Kingspan, FAM, Marcegaglia, IMAS Foundation, Cristina Stenbeck and Daniel Ek.

Altor was also part of the initial Series A equity financing in March 2021.

H2 Green Steel was founded in 2020 with the ambition to accelerate the decarbonization of the steel industry, using green hydrogen. Steel, which is one of the world’s largest carbon dioxide emitters, is the company’s first business vertical. The company has proceeded in record pace receiving a permissibility permit for its operations in Boden, securing a 14TWh agreement for renewable electricity and initiating ground works and construction.

”We are excited to continue supporting H2 Green Steel. It fits perfectly with our increased efforts to invest in green transition opportunities, where we have made a number of other investments such as OX2, Svea Solar and Vianode. H2 Green Steel has proven the demand of its products by already having more than 50% of its initial volumes pre-sold to customers across a range of industries, from passenger vehicles and white goods to steel trading clients” says Klas Johansson, Partner at Altor.

“This financing milestone is a real statement of confidence in H2 Green Steel. Despite the uncertainty in global markets, a venture like ours, with both a strong business case and a strong sustainable purpose, is clearly attractive to investors. This financing round has allowed us to combine leading industrial companies and global financial institutions, with investors with a strong Swedish participation, creating the investor- base, that will set us up for success,” says Henrik Henriksson, CEO of H2 Green Steel.

For more information, please contact:
Tor Krusell, Head of Communications at Altor, tor.krusell@altor.com, +46 705 43 87 47

About Altor
Since inception, the family of Altor funds has raised some EUR 8.3 billion in total commitments. The funds have invested in excess of EUR 5 billion in more than 85 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 OX2, Vianode, Svea Solar and Nordic Climate Group. For more information visit www.altor.com

About H2 Green Steel
H2 Green Steel (H2GS AB) was founded in 2020 with the ambition to accelerate the decarbonization of the steel industry, using green hydrogen. Steel, which is one of the world’s largest carbon dioxide emitters, is the company’s first business vertical. The founder and largest shareholder of H2 Green Steel is Vargas, which is also co-founder and one of the larger shareholders in Swedish battery maker Northvolt. H2 Green Steel is headquartered in Stockholm, Sweden, with its first green steel plant under development in Boden, northern Sweden. www.h2greensteel.com

Author: Katarina Karlsson
Date: 2022.08.30
Categories: News

Categories: News

Tags:

Quadrum Capital sells stake in Bark Packaging Group to Berlin Packaging

Quadrum Capital

Woerden, 25th August 2022 – Quadrum Capital is pleased to announce that an agreement has been reached for the acquisition of Bark Packaging Group, specialist in industrial, flexible and UN-certified packaging, by Berlin Packaging, global leader in packaging distribution. At the same time the announcement was made that DeeDee Verpakkingen, specialist in flexible packaging, has been acquired by Bark Packaging Group and will therefore also become part of Berlin.

image

Bark Packaging Group

On Thursday 25th of August the announcement was made that a definitive agreement had been reached to sell the shares of Bark Packaging Group, a supplier of industrial, flexible and UN-certified packaging and portfolio company of Quadrum, to Berlin Packaging, the world’s largest “hybrid” supplier of (mainly) rigid packaging. At the same time it has been announced that Bark Packaging Group has completed the acquisition of DeeDee Verpakkingen, a supplier of flexible packaging especially active in innovative stand-up pouches. With this acquisition Berlin Packaging has significantly strengthened its position on the Northern European market and DeeDee Verpakkingen, together with Bark Verpakkingen, Bark Innovations, Dutch Pack International and Carepack, become part of Berlin Packaging.

In March 2020, Quadrum invested in Bark from its second fund, Quadrum Investment Fund II, acquiring a stake alongside Erik Bos and Berny Plas, the two directors and fellow shareholders. A key pillar of the investment strategy was to enable the Eerbeek-based company to accelerate growth, both organically through product innovation and international expansion, and through a buy & build strategy focused on complementary specialists. This led in 2021 to the acquisition of Carepack, a specialist in UN-certified packaging for hazardous substances, and continued in June 2022 with the acquisition of DeeDee, active in flexible packaging. These acquisitions fitted perfectly with Bark’s strategy of expanding its key position in its customers’ supply chains, aimed at unburdening customers as much as possible by providing them with all their packaging management needs.

Gert van Drie, Investment Director at Quadrum: “Faster than expected, but with appropriate pride we now say goodbye to Bark. It is an excellent example of successful cooperation with an enterprising management team of Erik Bos and Berny Plas”. Dennis de Buijzer, Investment Manager, adds: “We have enjoyed working with management to build the Bark Packaging Group and are very grateful for their leadership in making this a success. We are proud to have been a part of this and wish Erik and Berny all the best with the further growth of the company in the coming years.”

Erik Bos, CEO and co-shareholder of Bark Packaging Group: “We are grateful for Quadrum’s support in the past years, in which they have given us the confidence and entrepreneurial freedom to further build the company. This has brought us to the current Bark, which as a platform is ready to realise further growth.” Berny Plas, founder and co-shareholder of Bark Packaging Group: “We look forward to starting this new chapter in our history with Berlin Packaging. Together we can offer our customers a wide range of advanced solutions and offer our people even more opportunities.

“We are thrilled to be joining forces with Bark and Berlin Packaging. This partnership opens up so many new opportunities for our team. Everyone at DeeDee is ready to help our new and existing customers find the perfect pouch for their product,” said Elke Coolen and Inge Louwers, Directors of DeeDee

“Bark and DeeDee will be a great addition to Berlin Packaging. Both companies have a lot of knowledge and expertise in their respective markets, and we are delighted to add both companies to Berlin Packaging,” said Paolo Recrosio, CEO of Berlin Packaging EMEA. Marcel Schröder, CEO Benelux/Nordics/DACH of Berlin added: “We welcome all new colleagues who will bring new opportunities to Berlin. No doubt this combination will bring our customers in Northern Europe and beyond many new success stories”.

“The addition of Bark including DeeDee will give Berlin a stronger foothold in Northern Europe, especially for flexible and UN-certified packaging. We also will expand our industrial packaging capabilities in Northern Europe, including Germany, a key European market,” said Bill Hayes, Global CEO of Berlin Packaging.

As part of Berlin Packaging, the continuity of the company and the retention of staff is guaranteed, with the management team led by Erik Bos, Berny Plas and, since last year, Konrad Eichberger continuing their work. The closing of the acquisition is subject to the usual conditions and will be finalised in the coming period.

About Bark Packaging Group Since its foundation in 1978, the Bark Packaging Group from Eerbeek has grown from a traditional packaging wholesaler to an important link in the supply chain of its customers. As a specialist in packaging management, Bark Packaging Group provides, in addition to supplying industrial, flexible and UN-certified packaging, the complete packaging needs of its customers by unburdening them in the field of purchasing, logistics, stock management and financing. These business models are well known as “Outsourcing Concept” and “Tail-end Management concept”.Besides the aforementioned Bark Packaging Group offers customers support from its own innovation center Bark Innovations in the field of the development of new packaging concepts and the (re)design of packaging.

For more information: www.barkpackaginggroup.com

About Berlin Packaging Berlin Packaging is the world’s largest Hybrid Packaging Supplier® of glass, plastic, and metal containers and closures. The company supplies billions of items annually along with package design, financing, consulting, warehousing, and logistics services for customers across all industries. Berlin Packaging brings together the best of manufacturing, distribution, and income-adding service providers. Its mission is to increase the net income of its customers through packaging products and services.

Please visit www.berlingpackaging.com and www.berlinpackaging.eu for more information.

Categories: News

Tags:

Latour acquires ABC Ventilationsprodukter

Latour logo
2022-08-22 13:00

Investment AB Latour has, through its wholly-owned subsidiary Swegon Group AB, signed an agreement to acquire ABC Ventilationsprodukter. The company was founded in 1976 and has 90 employees with head office and manufacturing located in Borås, Sweden, and a turnover of about SEK 140 m.

By the acquisition, Swegon strengthens its position as one of the leaders within ventilation products in the Nordics.  ABC Ventilationsprodukter will complement Swegon’s existing portfolio by broadening the product range to include products such as roof hoods, louvres, and fire and smoke products. In addition, the company has a clear focus on climate- and energy efficient products.

“We have a long history of collaboration with ABC Ventilationsprodukter and are now pleased to welcome them to the Swegon family. With their complementary product portfolio as well as their expertise, ABC Ventilationsprodukter will be a great addition to our complete indoor climate system that will strengthen our position on the market even further”, says Andreas Örje Wellstam, CEO at Swegon Group.

“We are excited to see how our long partnership, where we share the long-term business perspective and have similar company values, now enters a new phase where we after several years of investment in our production and development are ready to take the next step in accelerating our business growth”, says Ingemar Carlsson, founder of ABC Ventilationsprodukter.

As an effect of the acquisition the net debt of the Latour Group increases with about SEK 0.1 billion.

Göteborg, 22 August, 2022

INVESTMENT AB LATOUR (PUBL)
Johan Hjertonsson, CEO

For further information, please contact:
Andreas Örje Wellstam, CEO Swegon +46 31 89 58 00
Rebecca Palm Ballesta, Corporate Development Swegon +46 31 89 58 00

Swegon Group is a market leading supplier in the field of indoor environment, offering solutions for ventilation, heating, cooling and climate optimisation, as well as connected services and expert technical support. Swegon has subsidiaries in and distributors all over the world and 17 production plants in Europe, North America and India. The company employs more than 2 600 people and a turnover of SEK 6 billion.

Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listing 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 72 billion. The wholly-owned industrial operations has an annual turnover of SEK 19 billion.

Categories: News

Tags:

Audax Private Equity Announces Investment in Rensa Filtration

Audax Group

Audax Private Equity (“Audax”) announced the acquisition of Rensa Filtration (“Rensa” or the “Company”), a manufacturer of consumable, mission-critical air filtration products. Financial terms of the transaction were not disclosed.

Founded in 2017 by CEO Brandon Ost, Rensa manufactures best-in-class air filtration solutions that keep environments safe and industries thriving. The Company has a manufacturing and distribution footprint that includes facilities in Maryland, Illinois, Michigan, and Texas, and the Company’s products are marketed across a range of brands including Rensa, Custom Filter, Viskon-Aire, Permatron, D Mark, and Air Filters, Inc. In its partnership with Audax, Rensa will continue to look to acquire high-growth companies interested in being part of a family of leading-edge filtration suppliers.

Brandon Ost, CEO of Rensa, will continue to lead the Company alongside the existing management team, who also collectively will continue to maintain a significant ownership position in the Company.

“Since our founding, Rensa has honored its commitment to engineering excellence, continuous improvement and innovation—and Audax’s investment is a critical piece of our overall strategy as we continue to build a world-class filtration business,” said Mr. Ost. “We believe Rensa has never been better positioned for growth, and look forward to benefiting from Audax’s proven expertise and value-add resources.”

“We’re thrilled to be partnering with Brandon and the talented team at Rensa to help drive growth, both organically and through strategic M&A,” said Joe Rogers, Managing Director at Audax Private Equity. “With our investment, Rensa will be well-positioned to deepen relationships with key customers and channels, expand the Company’s manufacturing footprint and capabilities, and increase exposure to rapidly growing markets.”

Andrew Oliver, Managing Director at Audax Private Equity, added, “Rensa is a distinguished leader in the air filtration manufacturing space, with a highly diversified product portfolio across key end markets. We look forward to supporting the Company as it continues its impressive growth trajectory, providing mission-critical products to its valued customers.”

Lincoln International served as financial advisor to Audax and Baird served as financial advisor to the Company. Ropes & Gray served as legal counsel to Audax and Vedder Price served as legal counsel to the Company.

Categories: News

Tags:

AURELIUS Equity Opportunities successfully closes the sale of portfolio company Hammerl to BACHL Unternehmensgruppe

Aurelius Capital

Munich, August 2, 2022 – AURELIUS Equity Opportunities SE & Co. KGaA (“AURELIUS”; ISIN DE000A0JK2A8) announces the successfully closed sale of Hammerl GmbH (Hammerl), a leading manufacturer of blown film products in Germany, to Karl Bachl GmbH & Co KG (BACHL). 

AURELIUS’ operations experts closely supported Hammerl in its transformation and growth during its time under AURELIUS ownership, which began in 2016. Hammerl has established itself as a leading industry player, offers exceptional levels of expertise and maintains a reliable as well as large customer base, with recurring order cycles.

Hammerl was founded in 1956 and has been a pioneer in blown film production since 1977. The products are primarily used in civil engineering, building construction/fitout, renovation, gardening and landscaping. Hammerl is the only company in the German market to cover the entire product range consisting of construction films, special films, dimpled mats and vapour barrier films. The products, which are ‘Made in Germany’, are mainly supplied to wholesalers under their own brand.

BACHL itself is a well-established film producer operating throughout Europe and will stand to benefit from Hammerl’s expertise towards capitalising on its own corporate objectives.

AURELIUS was advised on the transaction by Clearwater International (M&A) and Gütt Olk Feldhaus und Wagensonner (Legal M&A).

Categories: News

Tags: