Tag Archives: Industrie

SPHEREA continues its growth trajectory with a consortium comprising Andera Partners and Omnes

Omnes Capital

Paris and Toulouse, 15 May 2019 – A consortium, comprising Andera Partners, via its fund WINCH Capital 4, and Omnes, via its fund Omnes Croissance 4, is taking a majority shareholding in the group SPHEREA, alongside management and its existing financial shareholders (ACE Management via Aerofund III and IRDI-SORIDEC Gestion, via SCR fund IRDI).

Since its exit and its capitalistic independence from the Airbus group, SPHEREA, created in 1965, continues its growth trajectory with the ambition of becoming first European, and then world leader in technological test solutions that enable the availability and security of critical systems for civil or military clients.

SPHEREA offers modular technology solutions for the entire lifecycle of electronic systems. A recognized market integrator, which has developed a wide range of products dedicated to electronic tests, such as the ATEC Series automatic test benches used in maintaining most Airbus and Boeing aircraft, the group relies on the synergy of its professional expertise in the fields of electronics, microwave, optronics, and power electronics. Since its exit in 2014 from the Airbus group, SPHEREA has diversified into energy and rail sectors.

The Group’s development dynamic is supported by an excess of 600 loyal customers worldwide, major players in aerospace and defence (Airbus, Dassault, Honeywell, Lufthansa Technik, DGA, Nahema, Thales, Comac), energy (EDF, Schneider Electric, RTE), or railways (SNCF, Alstom).

SPHEREA generated around €130 million in turnover in 2018, half of which came from exports (50 countries), and employs over 600 staff in France, Germany, the UK., the US and in Asia.

The aim of this deal is to allow SPHEREA to take a new step in its development based in particular on the following strategic areas:

Broadening its technological offer: in particular, developing predictive maintenance solutions, anticipating diagnostics, decision support, portable soil testing, on-board maintenance, and simulation;
Strengthening its positioning in new markets (energy and rail), drawing on its previous expertise in aeronautics;
Accelerating its international development (particularly in Asia and the US) and intensifying its policy of strategic acquisitions in France and Europe.

 

Christian Dabasse, CEO and Chairman of SPHEREA: “Our raison d’être is to ensure the reliability and security of our customers’ critical systems, we intervene where human life is at stake. Research and innovation are essential axes in a changing world in paradigm shift. Our new financial partners will enable us to expand our offering through increased R&D that responds to these challenges, as well as an ambitious external growth policy, both in France and abroad, on related trades or on new technologies in line with our mission. I especially thank Thierry Letailleur who, in 2014, as CEO of ACE Management and CEO of IRDI, was kind enough to support me in the creation of SPHEREA, and today allows us to enter a new phase of development.”

Antoine Le Bourgeois and Pierre-Yves Poirier, Partners at Andera Partners: “Management convinced us of the solidity of the Group’s historic businesses and the potential for new technological developments in the years to come. In addition, SPHEREA Group is fully committed to the investment strategy of our WINCH Capital 4 fund, which aims to support the change in scale of leading players in their market.”

Stéphane Roussilhe, Partner at Omnes: “We are delighted to support the management team in developing SPHEREA’s core business but also by helping external growth in France and internationally. This investment thesis perfectly reflects the strategy of our Omnes Croissance 4 fund.”

Thierry Letailleur, CEO, and Delphine Dinard, Partner, at ACE Management: “We are delighted to participate in this deal led by Andera and Omnes which allows us to continue supporting the group SPHEREA, which began 5 years ago. We are very proud of the journey made by Christian Dabasse and all his teams. This transaction also illustrates the ability of ACE Management to support strategic industrial companies across all phases of their development, such as the reinvestments recently made within the groups Duqueine, Nexteam, Rafaut and Socomore.”

Marc Bres-Pintat, Investment Director at IRDI-SORIDEC Gestion: “After backing Christian Dabasse and his teams during the successful spin-off from the Airbus group, IRDI-SORIDEC Gestion wanted to join this new capital-intensive operation aimed at providing SPHEREA with the means to pursue its growth strategy.”

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Anders Invest acquires VIOS Houttechniek

Anders Invest

On May 15th, Anders Invest acquired VIOS Houttechniek with branches in Driebruggen, Hoorn and Doetinchem. VIOS, founded in 1914 and now number 1 in the Netherlands in the production and sale of wooden staircases, has a turnover of € 25-30 million and employs more than 150 people. For Anders Invest, it is the 15th company in its industry portfolio.

VIOS is the market leader in the Netherlands in the field of engineering, production and assembly of serial custom-made staircases for residential construction. The company has most large, medium and small Dutch construction companies as customers. VIOS is increasingly involved in the construction process so that the right staircase is installed at the right time and the completion of the home can proceed in a timely manner. On the sales side, VIOS is also integrated with contractors and developers with online tools with which home owners can configure their stairs. In addition to serial-produced staircases, VIOS makes exclusive, tailor-made staircases including carpentry, stair gates and stair railings.

Stairrailing factory Fremeyer in Hoorn is also part of the transaction. VIOS has a third location in Doetinchem with a showroom where various luxury staircases can be seen. VIOS increasingly inspires its customers and end users in the application of higher quality staircases, finishes and various options. VIOS has a modern and automated machine park at its factory in Driebruggen, which means that a staircase is processed very efficiently from drawing to end product.

The shares were taken over from directors Hans Diekema and Jaap Mullié, both of whom had owned VIOS since 2003. Anders Invest is doing the acquisition together with incoming director Dirk Bergman, who is acquiring a minority interest. Dirk has extensive experience in management positions at wood and building materials companies. In his most recent role, Dirk was active as CEO of Deli Home.

In the past 10 years, VIOS has acquired a leading position in the market through organic growth and through various takeovers of smaller staircase factories. Due to the increasing demands on building processes, solid prospects for the number of new homes to be delivered and the consumer who expects more customization, the company sees sufficient opportunities for further growth. VIOS is characterized by a pleasant organizational culture with loyal employees with attention to quality and craftsmanship. Anders Invest and Dirk Bergman look forward to adding a successful new period to the company’s history with them.

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The Stephens Group Acquires Sound Seal Holdings, Inc.

Stephens Group

The Stephens Group, LLC announced today that it finalized its acquisition of Sound Seal Holdings, Inc. (“Sound Seal” or the “Company”). Terms of the transaction were not disclosed.

Based in Agawam, Massachusetts, Sound Seal is a leading manufacturer of acoustical noise control solutions, offering the widest product selection in the industry with innovative solutions and outstanding customer service. Sound Seal’s highly engineered products include soundproof doors and windows, noise curtains and barriers, fabric wrapped wall panels, enclosures, specialized floor underlayments and the award winning line of WoodTrends wall and ceiling panels. IAC Acoustics, a division of Sound Seal, is the leading developer and manufacturer of metal HVAC silencers, acoustic louvers, metal soundproof enclosures and highly engineered sound control doors and windows. Sound Seal works in a highly collaborative manner with acoustical consultants, architects, designers, industrial contractors, and building owners to address a wide range of noise control applications across industrial, architectural, medical, retail, entertainment and other end markets.

“We are very excited to add Sound Seal to our portfolio of world class companies,” said Clay Hunter, managing director at The Stephens Group. “Sound Seal is a leader in their industry with a strong and experienced management team in place. There are a number of long-term, systemic forces driving adoption of noise control products in almost every industry, and Sound Seal’s highly engineered products, scale, solutions-oriented reputation and its customer-centric culture uniquely position the company for success in this rapidly growing industry. We are excited to be partnering with Joe and his team to accelerate their growth strategy and look forward to building an enduring relationship with the Sound Seal employees and their customers.”

“The team at Sound Seal could not be more excited to move forward with The Stephens Group,” said Joe Lupone, Sound Seal’s chief executive officer. “The Stephens Group provides Sound Seal with much more than just capital. Their value-added approach to enabling organic and acquisitive growth will help us achieve our strategic vision and build long-term value without the timeline constraints of a traditional private equity investor.”

ABOUT THE STEPHENS GROUP, LLC

The Stephens Group is a private investment firm that partners with talented management teams to help build valuable businesses. Our team has a long history of providing sophisticated, strategic expertise and taking a partnership approach to help companies successfully achieve their strategic visions and build long-term value. With over $1 billion invested since 2006, The Stephens Group targets investments in industries across the U.S., including industrial and commercial products and services, specialty distribution, B2B food and consumer products, and technology infrastructure and tech-enabled services, as well as select opportunistic situations.

For more information, visit www.stephensgroup.com

CONTACT:
Ronald M. Clark
General Counsel
The Stephens Group, LLC
info@stephensgroup.com
501.377.2356

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The Carlyle Group and Schneider Electric extend partnership to develop Critical Infrastructure projects

Carlyle

  • The partnership is designed to develop new and innovative infrastructure projects meeting the growing need for sustainable investment in critical assets and services
  • The companies will focus on delivering digitally-enabled and efficient critical assets by combining Carlyle Infrastructure’s investing and asset-operator expertise with smart energy management and automation solutions from Schneider Electric
  • The partnership builds on and expands the existing strategic alliance to widely deploy microgrids through customer adoption of energy-as-a-service offering

WASHINGTON, DC AND RUEIL-MALMAISON (FRANCE) – Global investment firm, The Carlyle Group (NASDAQ: CG) and Schneider Electric SE (EPA: SU), the leader in the digital transformation of energy management and automation, today announced the enhancement of their partnership to develop new and innovative infrastructure projects.

In addition to creating new investment and energy-as-a-service opportunities, this collaboration will apply Schneider Electric’s capabilities in advanced connectivity and real-time insights to current and future Carlyle infrastructure and microgrid investments.

In a market which faced sustained underinvestment in critical infrastructure due to funding constraints, the new partnership will offer innovative and efficient solutions meeting the needs of a rapidly changing energy landscape.

The Carlyle Group recently announced several large infrastructure projects, including the JFK Airport Terminal One Redevelopment, Munich Airport Joint Venture (Reach Airports) and Lone Star Ports Harbor Island Crude Export Terminal, which are expected to benefit from this partnership and Schneider’s breadth of technology-enabled products, solutions and services.

The JFK Airport Terminal One Redevelopment, the most recently announced project, is expected to leverage Schneider Electric’s solutions to improve the sustainability of the terminal and enhance the reliability of the airport’s energy supply through a state-of-the-art microgrid. The redevelopment is expected to reduce energy use by as much as 30% and contribute to a goal of reaching 100% renewable energy usage within the next decade.

The new partnership also entails the formation of a joint venture, named AlphaStruxure to drive from the design and engineering phase the development of smarter infrastructure projects and more reliable distributed energy and microgrid networks.  Juan Macias, formerly SVP of Energy Automation and Digital Energy Solutions at Schneider Electric, will lead AlphaStruxure as the Chief Executive Officer, drawing on his broad experience in global energy technology and new market endeavors over a nearly 30-year career in the energy and industrial sectors.

The $18 trillion U.S. economy relies on a vast network of infrastructure that was built decades ago and plays a major role in the growth of the economy[1]; delayed investment and rising maintenance costs are however limiting the economic growth potential of these critical infrastructure. Innovative private sector partnerships, such as this one, can bring new solutions to upgrade critical infrastructure within airports, seaports, water treatment and delivery, institutions, communities and the private sector to optimize energy consumption, deliver cost savings and improve productivity and reliability

“People everywhere rely daily on infrastructure that does not meet the demands of a 21st century economy,” said Andrew Marino, Managing Director and Co-Head of Carlyle’s global infrastructure team. “AlphaStruxure delivers a powerful combination of cutting-edge automation and energy management technology and expertise, and financing solutions to turn this important global issue on its head. Together, we will identify new investment opportunities, modernize core infrastructure to keep people and goods moving, and open new value and revenue streams for both public and private entities. We look forward to a prominent role in shaping the future of infrastructure around the world.”

“Strong and resilient critical infrastructure is fundamental to powering and maintaining our digital economy. We are just scratching the surface of the investment needed to create more modern airports, water systems, transportation systems and others that will support future demand and connect society,” said Jean-Pascal Tricoire, Chairman and CEO, Schneider Electric. “While infrastructure is a global issue, it can only be addressed at a local level. We believe our partnership leverages the best of our organizations’ abilities: Carlyle’s ability to get deals done with local stakeholders support and our global technology expertise and footprint to optimize projects that will provide immediate, tangible impact for economies globally.”

AlphaStruxure builds on Schneider Electric and The Carlyle Group’s strategic alliance to deliver an energy-as-a-service model that empowers customers to stabilize long-term energy costs and upgrade critical energy infrastructure. By providing energy-as-a-service, customers have a platform to own and operate microgrids without capital outlay, as well as a simpler solution to meet operational efficiency and clean energy goals.

* * * * *

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $216 billion of assets under management as of December 31, 2018, Carlyle’s purpose is to invest wisely and create value on behalf of our investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,650 people in 31 offices across six continents.

Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

About Schneider Electric

Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. Schneider provides integrated efficiency solutions, combining energy, automation and software. Schneider believes that great people and partners make Schneider a great company and that its commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment. www.schneider-electric.com

Contact

The Carlyle Group
Liz Gill: +1 (202) 729-5385
elizabeth.gill@carlyle.com

Schneider Electric

Véronique Luneau (Roquet-Montégon) : +33 (0)1 41 29 70 76

[1] A 2014 University of Maryland study found that infrastructure investments added as much as $3 to GDP growth for every dollar spent, with a larger impact realized during a recession

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Genstar Capital Announces Acquisition of Ohio Transmission Corporation in Partnership with Management

OTC to Benefit from Accelerating Industry Demand for Factory Automation

SAN FRANCISCO, April 9, 2019—Genstar Capital, a leading private equity firm focused on investments in targeted segments of the industrial technology, healthcare, software, and financial services industries, today announced the acquisition of Ohio Transmission Corporation (OTC), an industrial automation equipment distributor and technical service provider.

Ohio Transmission Corporation is a leading technical distributor of highly engineered products including motion control, pumps, finishing products, robotics, motors and air compressors.  OTC serves over 13,000 customers across diverse end-markets, providing highly technical sales consultation and aftermarket repair and services. Key end markets include transportation, industrial machinery, metals, chemicals, and food & beverage among others.  Founded in 1963 and headquartered in Columbus, Ohio, OTC’s geographic footprint includes 38 branch locations in 17 states.

Rob Rutledge, Managing Director at Genstar said, “OTC operates at a pivotal point in the manufacturing sector, benefiting suppliers looking to partner with distributors with broader product and service capabilities and customers who are increasingly relying on distributors with strong technical resources.  The company provides a leading brand portfolio of highly technical products, value added services and specialized solutions with a proven track record of adding new product categories.  We look forward to supporting management’s strategy of product and geographic expansion organically as well as through strategic acquisitions to better serve OTC’s customers.”

Philip Derrow, Chief Executive Officer of OTC, said, “My father founded a company that for nearly 60 years has operated with an established culture and values rooted in integrity, achievement, and growth.  Genstar has direct experience working with industrial technology companies like ours and we look forward to working with their investment and operating partners to capitalize on numerous growth opportunities to broaden our geographic reach and enhance our technical solutions offerings to better serve our customers and suppliers and create opportunities for our associates.”

OTC has been a successful integrator, completing 16 successful acquisitions since 2010, and maintains a robust pipeline of actionable platform enhancing opportunities.

Weil, Gotshal & Manges LLP acted as legal counsel to Genstar Capital in the acquisition.

About Genstar Capital

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for over 30 years.  Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $17 billion of assets under management and targets investments focused on targeted segments of the industrial technology, healthcare, software, and financial services industries.

###

MEDIA INQUIRIES:

Contact: Chris Tofalli
Chris Tofalli Public Relations
914-834-4333

 

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ARDIAN arranges a senior financing for IK INVESTMENT PARTNERS as it buys into NETCO

Ardian

Paris, 27 March 2019 – Ardian, a world leading private investment house, announces that it has arranged a senior financing for IK Investment Partners’ acquisition of a stake in NetCo Group putting the latter alongside the founding family, Perriez, and Andera Partners. The financing will also help the planned expansion of the Group through future acquisitions in France and abroad.
Founded in France in 1902, NetCo is the European specialist in the general maintenance and servicing of conveyor systems across a range of production sectors – particularly minerals, agro-food and environmental.
Thanks to a robust full maintenance model, the Company has become a strategic partner for its clients when it comes to conveyor system maintenance. Based in Bordeaux, NetCo has a network of 55 branches and over 500 employees, mainly in France, Belgium and Luxembourg.
The Group is headed up by Samuel and James Perriez, and has been supported by Andera Partners (via WINCH Capital 3) since 2016. NetCo has increasingly outsourced its European maintenance business and has begun to expand internationally. Since 2000, the Company has made over thirty acquisitions – half of these in the last three years – which has doubled the size of NetCo in just two years.

Guillaume Chinardet, Head of Ardian Private Debt France, said: “We were impressed by the expansion of NetCo Group, which significantly increased its share of the market by opening and acquiring branches while simultaneously offering standardized, highly technical services. We are delighted to be part of the next stage in the company’s development through this senior financing.”
Jean-David Ponsin, Director at Ardian Private Debt, added: ”We are happy to be able to support NetCo’s growth in a consolidating market and we are convinced that our financing solution will give the Company the capacity and flexibility it needs for its future development.”
Pierre Gallix and Arnaud Bosc, partners at IK, added: “Ardian’s ability to offer a solution to the Group’s requirements was key to this partnership. Ardian has been extremely responsive and creative and has set up financing that is perfectly suited to the way NetCo intends to move forward.”
Samuel Perriez and James Perriez, as NetCo’s President and CEO commented: ”NetCo has an ambitious development strategy that demands a solid yet flexible financing solution. We are certain that Ardian will prove to be a valuable long-term partner, with the ability to support the Group as it expands.”
François-Xavier Mauron and Antoine Le Bourgeois, partners at Andera Partners, concluded: ”We are delighted to be able to continue to support NetCo’s growth alongside IK Investment Partners, Samuel and James Perriez and Ardian, paving the way for new international ambitions.”

ABOUT NETCO GROUP

Founded in 1902, NetCo is the European specialist in the global maintenance and servicing of conveyor systems in all production sectors. With a network of 55 locations, NetCo is known for its reactivity, efficiency and tailor-made, high-tech services. The company employs a total of 500 employees in France, Belgium and Luxembourg.
www.groupe-netco.com

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$90bn 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 585 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 around 800 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
www.ardian.com

ABOUT IK INVESTMENT PARTNERS

IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised close to €9.5 billion of capital and invested in over 125 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects.
www.ikinvest.com

ABOUT ANDERA PARTNERS

Founded in 2001 within the Edmond de Rothschild Group, and wholly owned by its teams since March 2018, Andera Partners is a reference in unlisted investment in France and abroad. It manages €2.3 billion in life sciences (BioDiscovery), development and capital transmission (WINCH Capital in Mid-Cap and Cabestan Capital in Small-Cap), and mezzanine sponsorless debt (ActoMezz).
www.anderapartners.com

LIST OF PARTICIPANTS

Ardian Private Debt: Guillaume Chinardet, Jean-David Ponsin, Gabrielle Philip
IK Investment Partners: Pierre Gallix, Arnaud Bosc, Morgane Bouhenic, Caroline Le Hen, Adrien Normand
Andera Partners: Francois-Xavier Mauron, Antoine Le Bourgeois, Arthur Milliard
Legal and financial advisors (Ardian): Willkie Farr & Gallagher – Paul Lombard, Ralph Unger, Louis Renucci
Legal and financial advisors (IK Investment Partners): Volt Associés – Alexandre Tron, François Jubin, Morgane Le Gallic

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Francks Kylindustri Invests in Energimultiplikation Kyl- & Värmeteknik i Hedemora AB

Segula

21 March, 2019

Francks Kylindustri continues its geographic expansion through the acquisition of Energimultiplikation Kyl- & Värmeteknik i Hedemora AB (”Kyl & Värmeteknik”)

Previous owners Anders Hägg, Mats Thorsander and Jan Söderström will continue to be active in the group working with Francks Kylindustri Bergslagen. In connection with the transaction, Patrik Lindblom will assume the role as CEO for Franck Kylindustri in Bergslagen. Patrik is currently the branch manager in Falun for Kyl & Värmeteknik.

“For Francks Kylindustri the acquisition of Kyl & Värmeteknik is in line with our business plan to grow in Dalarna. We look forward to work together with the previous owners to continue to develop the business.”
Per Hannius, Francks Kylindustri

“It feels good to sell the business to Francks Kylindustry Bergslagen AB who is part of a group that is a leading player within commercial cooling solutions in Sweden. Our staff will see further opportunities to broaden their skills and grow within the industry.”
Jan Söderström, Kyl & Värmeteknik

For further information:

Please visit www.franckskylindustri.se or contact:
Per Hannius, CEO, Francks Kylindustri AB, +46 73 53 99 225

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Francks Kylindustri Invests in Energimultiplikation Kyl- & Värmeteknik i Hedemora AB

Segula

Francks Kylindustri continues its geographic expansion through the acquisition of Energimultiplikation Kyl- & Värmeteknik i Hedemora AB (”Kyl & Värmeteknik”)

Previous owners Anders Hägg, Mats Thorsander and Jan Söderström will continue to be active in the group working with Francks Kylindustri Bergslagen. In connection with the transaction, Patrik Lindblom will assume the role as CEO for Franck Kylindustri in Bergslagen. Patrik is currently the branch manager in Falun for Kyl & Värmeteknik.

“For Francks Kylindustri the acquisition of Kyl & Värmeteknik is in line with our business plan to grow in Dalarna. We look forward to work together with the previous owners to continue to develop the business.”
Per Hannius, Francks Kylindustri

“It feels good to sell the business to Francks Kylindustry Bergslagen AB who is part of a group that is a leading player within commercial cooling solutions in Sweden. Our staff will see further opportunities to broaden their skills and grow within the industry.”
Jan Söderström, Kyl & Värmeteknik

For further information:

Please visit www.franckskylindustri.se or contact:
Per Hannius, CEO, Francks Kylindustri AB, +46 73 53 99 225

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Quimper declares the offer for Ahlsell unconditional, will acquire all tendered shares

On 11 December 2018, Quimper AB (a company that has been or will be indirectly invested in by CVC Funds) (“Quimper”)1, announced a public cash offer to the shareholders in Ahlsell AB (publ) (“Ahlsell” or the “Company”) to tender all their shares in Ahlsell to Quimper (the “Offer”). The offer document regarding the Offer was made public on 19 December 2018.

The shares tendered in the Offer at the end of the initial acceptance period on 11 February 2019, together with the shares already held or otherwise controlled by Quimper, and closely related parties, amount to in aggregate 403,296,725 shares in Ahlsell, corresponding to approximately 93.9 percent2 of the share capital and the voting rights in Ahlsell.

Quimper hereby announces that all conditions for completion of the Offer have been fulfilled. Accordingly, the Offer is declared unconditional in all respects and Quimper will complete the acquisition of the shares tendered in the Offer. Settlement for shares tendered in the Offer during the initial acceptance period will take place in accordance with previously communicated plan, i.e. around 19 February 2019.

To provide the remaining shareholders of Ahlsell who have not tendered their shares time to accept the Offer, the acceptance period will be open beyond the end of the initial acceptance period, until 27 February 2019 at 15.00 (CET). Settlement for shares tendered in the Offer during the additional acceptance period is expected to start around 7 March 2019. Quimper reserves the right to further extend the acceptance period for the Offer.

Prior to announcement of the Offer, Quimper, and closely related parties, held in aggregate 109,578,323 shares in Ahlsell, corresponding to approximately 25.1 percent3 of the share capital and the voting rights in Ahlsell. At the end of the initial acceptance period on 11 February 2019, the Offer had been accepted by shareholders representing in total 293,718,402 shares in Ahlsell, corresponding to approximately 68.4 percent4 of the share capital and the voting rights in Ahlsell.

Quimper does not hold any financial instruments that give financial exposure to Ahlsell shares and has not acquired any such shares or financial instruments outside the Offer.

Quimper will initiate compulsory acquisition of the remaining shares in Ahlsell as well as promote a delisting of Ahlsell’s shares from Nasdaq Stockholm.

1 Quimper is a newly formed entity that has been or will be indirectly invested in by funds or vehicles (“CVC Funds”) advised by CVC Advisers Company (Luxembourg) S.à r.l. and/or its affiliates. “CVC” means CVC Advisers Company (Luxembourg) S.à r.l. and its affiliates, together with CVC Capital Partners SICAV-FIS S.A. and each of its subsidiaries.

2 Based on all 436,302,187 outstanding shares in Ahlsell, excluding the 7,000,000 shares which are held by Ahlsell in treasury.

3 Based on all 436,302,187 outstanding shares in Ahlsell, including the 7,000,000 shares which are held by Ahlsell in treasury.

4 Based on all 436,302,187 outstanding shares in Ahlsell, excluding the 7,000,000 shares which are held by Ahlsell in treasury.

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CapMan Buyout to sell Maintpartner’s operations in Finland, Estonia and Poland to Caverion

The funds managed by CapMan Buyout have agreed to sell Maintpartner Group Oy to Caverion.

Maintpartner is one of the leading industrial operation and maintenance companies in Northern Europe operating in Finland, Sweden, Estonia and Poland. Maintpartner provides services in the industrial sectors of energy, chemicals, metal, food and manufacturing. Maintpartner’s net sales were EUR 164 million in 2018, and the net sales of the entity now to be sold were EUR 137 million, most of which came from Finland.

”During CapMan’s ownership period Maintpartner has grown significantly and has established a firm foothold in various industrial sectors. In addition, the company has developed IoT solutions and machine learning analytics for industrial companies to improve their operation and maintenance processes. Maintpartner’s sale to Caverion Industrial Solutions Division provides an excellent basis for further growth and development of the operations”, comments Jan Mattlin, partner at CapMan Buyout.

The acquisition is in line with our Fit for Growth strategy and strengthens our Services business. Our Industrial Solutions division is now fit for growth and we are therefore entering the Growth phase in the division. The acquisition will focus our industrial operations more towards Services business and create a major player in the Finnish market,” says Ari Lehtoranta, CEO and President of Caverion Corporation.

The transaction is subject to approval by the competition authorities. The acquisition includes Maintpartner Group, while excluding the holding company Maintpartner Holding Oy and Maintpartner Group’s subsidiaries and operations in Sweden. The funds managed by CapMan Buyout and the other owners continue as the owners of Maintpartner Holding Oy. The funds managed by CapMan Buyout made an investment in Maintpartner in 2006.

CapMan Buyout is the largest mid-market private equity team in the Nordic region, with 12 investment professionals in Finland and Sweden and 30 years of experience.

For more information, please contact:

Jan Mattlin, partner, CapMan Buyout, tel. +358 40 508 6406

Martti Ala-Härkönen, CFO, Caverion Corporation, tel. +358 040 737 6633

Sakari Toikkanen, Head of Division Industrial Solutions, Caverion Industrial Solutions, tel. +358 040 532 2174

CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. CapMan employs today approximately 120 private equity professionals and has over €3 billion in assets under management. Our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, fundraising advisory and fund management services. Altogether, CapMan employs 120 people in Helsinki, Stockholm, Copenhagen, London, Moscow and Luxembourg.

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