Tag Archives: Industrie

Gimv provides growth capital to machine vision specialist One of A Kind Technologies

GIMV

12/06/2018 – 07:30 | Portfolio

Gimv acquires a majority-stake in One of A Kind Technologies (OOAKT), alongside its two founders. This transaction reflects the company’s strategy to invest in people and structure ahead of its future growth, as well as to finance buy & build opportunities.

One of A Kind Technologies (OOAKT) (http://oneofakindtechnologies.nl/) was founded in 2012 by Alex Kind and Richard Vialle. Two acquisitions formed the basis of the current activities. Since its foundation OOAKT grew into a specialist that develops, builds and sells machine vision solutions such as inspection systems for food and pharmaceutical packaging amongst others.

Machine vision encompasses all applications in which a combination of hardware (sensors, lasers, smart camera’s,…) and software provide operational guidance to devices in the execution of their function. By using machine vision technology, machines are enabled to artificially see and make decisions. Typical applications are quality inspection, guidance for robots, measurement and identification. Machine vision is at the heart of industry 4.0. In this world, traceability, regulation, in-line inspection and efficiency are of utmost importance. For customers, this means increased productivity due to automation, improved product quality and safety and more consistent inspection resulting in useful data for enhanced quality analysis and predictive measures (forecasting, predictive maintenance).

The company, which employs more than 65 people, mostly engineers, is headquartered in Eindhoven (NL) and has a worldwide blue-chip customer base. OOAKT nurtures a culture of commitment and customer centricity, while innovation is in its DNA. In 2016 and 2017 it won the FD-Gazellen Award for fast growing midsize companies. In 2017 One of A Kind Technologies was also selected as one of the eight New Champions by the FD newspaper as one of the most innovative and promising companies of The Netherlands.

The ambition is to triple revenues in 5 years time by executing a well-defined expansion strategy in machine vision systems and modules. Buy-and-build opportunities should provide additional growth.

Alex Kind, CEO and co-founder of OOAKT, explains: “The past six years we have proven to be a successful high tech growth company. Together with the entire team we have established strong momentum with sustainable markets worldwide. We will now be able to step-up our investments in our focused and pro-active R&D, sales and customer services. We are proud that Gimv supports our strategy and platform, our team and the enormous potential ahead. We believe to have secured with Gimv a trustworthy partner that will make us stronger, not only financially but also in the process of growth, professionalization and internationalization.”

Nick Medaer, Partner in Gimv’s Smart Industries platform, adds: “Machine vision is at the core of our Smart Industries-focus. It plays a crucial role in industry 4.0 to improve efficiency, automate and increase quality. The combination of deep technology knowhow and two very ambitious and dynamic entrepreneurs driving the company forward is a great basis for further growth. We are very happy to be part of the future of OOAKT”.

No further details will be disclosed.

Categories: News

Tags:

Segulah V L.P. acquires Pelly Group AB

Segula

Segulah V L.P. has entered into an agreement to acquire Pelly Group AB (”Pelly”) from Fouriertransform and minority owners.

Pelly is a leading niche manufacturer of functional storage components primarily for the kitchen and wardrobe markets with a turnover of approximately MSEK 450. The Company acts under the Pelly, Mirro and LG Collection brands. Pelly, founded in 1947, has just over 300 employees and headquarters in Jönköping (Sweden) with production in Kaunas (Lithuania), Hillerstorp (Sweden) and Nässjö (Sweden). Customers primarily include kitchen and wardrobe manufacturers active on the Nordic market.

Segulah will appoint Lars Brodd as Chairman of the Board. Lars is industrial adviser to Segulah and has experience as Chairman from several prior successful investments within the industrials segment.

”We are very pleased with this investment. Segulah has a long tradition of investing in the Swedish industrials sector. Pelly is a strong player within its niche in a market with healthy growth. We see several opportunities to continue growing the business under our ownership, both organically and through acquisitions”, says Sebastian Ehrnrooth, Managing Partner, Segulah Advisor AB.

”We look forward to working with Segulah to continue developing and growing the business”, says Stefan Jarbratt, CEO at Pelly.

The acquisition will be the sixth investment for Segulah V L.P.

 

For additional info please contact:

Stefan Jarbratt, CEO, Pelly Group AB, +46706582809

Sebastian Ehrnrooth, Managing Partner, Segulah Advisor AB, +46733604205

Åsa Knutsson, CEO, Fouriertransform AB, +46730960300

Categories: News

Tags:

Holta Invest AS acquires MPT Sweden AB from CapMan Buyout

Holta Invest
MPT (Metal Powder Technology) is specialized in the production of metal powders for the welding, hard-facing and steel industries. MPT is the global leader in its business niche and exports its products throughout the world. MPT is located in Ekshärad, Sweden and it employs a total of 23 persons. MPT’s turnover in 2017 was MEUR 33.

(Oslo, 6. June 2018)

Dag Teigland, CEO of Holta Invest and Chairman of Nizi International, commented on the announcement: “We are pleased to conclude the acquisition of MPT Sweden AB. MPT runs an efficient operation and has over the years built a solid global position within its niche. The company enjoys a strong reputation through offering excellent quality and service to the industry.

MPT will fit very well into our metal activities in the Nizi International Group. One of the companies in the Group, Chemalloy, is a leading supplier of specialty metal powders to the North American welding industry and the acquisition of MPT will strengthen our global position within this niche. Thus, the acquisition of MPT is an important step in the strategy of transitioning the Nizi Group towards more value-added services for the customers”.

“During CapMan’s ownership the business of MPT has become more scalable and it has achieved a solid position within its niche. The company has strengthened its current organisation, reached new markets and broaden its product assortment for its current customers,” says Tobias Karte, Investment Director at CapMan Buyout and responsible for the investment in MPT.

“We are pleased to have Holta Invest as a new owner. Holta Invest has a vision, which is well in line with how we think MPT should be developed going forward. Together with their expertise in the Nizi Group, I am excited to develop MPT to the next level,” says CEO of MPT, Daniel Styrenius.

For more information, please contact: Dag Teigland, CEO Holta Invest, tel + 47 95053008

Categories: News

Tags:

CapMan Buyout to divest MPT Sweden AB to Holta Invest

Funds managed by CapMan Buyout have agreed to sell their holdings in MPT Sweden AB to Holta Invest.

CapMan Buyout funds have continued successful exits from portfolio companies of which MPT Sweden is the fourth transaction within the last seven months.

MPT is specialised in the production of metal powders and crushed metals especially for the welding, hardfacing and steel industries. MPT is the global leader in its business sector and exports its products throughout the world. The headquarter of MPT is located in Ekshärad, Sweden and it employs a total of 23 persons. MPT’s turnover for 2017 was MEUR 33 and reported EBITDA MEUR 1.9. Funds managed by CapMan acquired MPT in 2009.

“During CapMan’s ownership the business of MPT has become more scalable and it has achieved a solid position within its niche. The company has strengthened its organisation, reached new markets and broaden its product assortment for its current customers,” says Tobias Karte, Investment Director at CapMan Buyout and responsible for the investment in MPT.

“We are pleased to have Holta Invest as a new majority owner. Holta Invest has a vision, which is well in line with how we think MPT should be developed going forward, and together with their expertise from other investments in this sector, I am convinced we will be able to build MPT into a stronger company,” says CEO of MPT, Daniel Styrenius.

Livingstone acted as financial advisor and Baker McKenzie as legal advisor to CapMan Buyout in the transaction.

The CapMan Buyout team comprises 12 investment professionals working in Helsinki and Stockholm and the funds managed by CapMan Buyout invest in medium-sized, unlisted companies in the Nordic countries.

For more information, please contact:
Tobias Karte, Investment Director, CapMan Buyout, tel. +46 733 442 896
Daniel Styrenius, CEO, MPT Sweden AB, tel. +46 701 014 244

Categories: News

Tags:

IK Investment Partners acquires KLINGEL medical metal

ik-investment-partners

IK Investment Partners (“IK”) is pleased to announce that the IK VIII Fund has reached an agreement to acquire Klingel medical metal GmbH (“KLINGEL” or “the Company”), a leading manufacturer of high-precision and complex metal components mainly for a range of medical technology applications, from Halder. 

KLINGEL was established in 1986 and has become a leading independent contract manufacturer of high-precision, hard-to-machine parts made from titanium and high-grade types of stainless steel. The Company operates a vertically integrated business model with in-house capabilities spanning the entire production value chain from design to manufacture to final packaging with a strategic focus on medical technology. KLINGEL’s high precision components go into various orthopaedic, cardiovascular and dental implants as well as instruments for endoscopy and robotic surgery.

Working in partnership with its OEM customers across the medical technology as well as measurement and control industries, KLINGEL has gained a reputation for uncompromising quality. Headquartered in Pforzheim, Germany, the Company operates two manufacturing sites with over 200 CNC machines and employs more than 300 people.

“By providing mission critical components of the highest quality standards, KLINGEL has formed long-standing relationships with our customers. IK has a genuine understanding of the CMO market and shares our international growth strategy. With their support, we will continue contributing to our customers’ success by offering real added value to their end consumers,” said Ralf Petrawitz, Technical and Commercial Managing Director of KLINGEL.

“We are impressed by KLINGEL’s strong management team. Together we will continue to build on the strong market position, technical know-how and broad service offering KLINGEL has developed over the last three decades. IK is well-positioned to support KLINGEL thanks to our experience with Marle, a leading European CMO of hip and knee orthopaedic implants, acquired in 2016,” says Anders Petersson, Partner at IK.

KLINGEL represents the IK VIII Fund’s second mid cap acquisition in the past month, and the 11th acquisition announced by the Fund. Financial terms of the transaction are not disclosed.

Parties involved:

IK Investment Partners: Anders Petersson, Mirko Jablonsky, Alexander Dokters, Adrian Tanski, Daniel-Vito Günther
Buyer financial advisor: Quarton International (Lars Veit, Rolf Holtmann)
Buyer strategic due diligence: Alvarez & Marsal (Georg Hochleitner)
Buyer financial due diligence: Ebner Stolz (Claus Bähre)
Buyer legal advisor: Renzenbrink & Partner (Ulf Renzenbrink)

Halder: Michael Wahl, Christian Muschalik
Seller financial advisor: William Blair (Philipp Mohr, Moritz Rottwinkel)
Seller legal advisor: Graf von Westfalen (Lutz Zimmer, Ernst Lindl)

For further questions, please contact:

KLINGEL medical metal
Ralf Petrawitz, Managing Director
Phone: +49 7231 6519 0

IK Investment Partners
Anders Petersson, Partner
Phone: +49 40 369 8850

Mikaela Hedborg, Director Communications & ESG
Phone: +44 77 87 573 566
mikaela.hedborg@ikinvest.com

About KLINGEL medical metal
For more than 30 years, KLINGEL medical metal GmbH has been one of the leading European precision technology companies with a strategic focus on medical technology industries. Employing over 300 people, KLINGEL medical metal GmbH specialises in the precision processing of materials with low machinability, such as titanium and high-grade stainless steel. KLINGEL offers unrivalled technical quality and aesthetic perfection. For more information, visit www.klingel-med.de

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 more than €9.5 billion of capital and invested in over 115 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. For more information, visit www.ikinvest.com

Categories: News

Tags:

Partners Group to acquire ownership stake in GlobalLogic Inc. from Apax Funds

Apax

 

ransaction values GlobalLogic at over $2B, bringing another strategic global investor on board for next phase of growth

San Jose, London, and Baar-Zug – May 21, 2018 – GlobalLogic Inc., Apax Partners, and Partners Group today announced that Funds advised by Apax Partners, the global private equity advisory firm, have agreed to sell their ownership stake in GlobalLogic Inc. to Partners Group, the global private markets investment manager, which is acting on behalf of its clients in the acquisition. The transaction values GlobalLogic, a leader in digital product engineering services, at over two billion dollars. Following the acquisition, Partners Group becomes an equal shareholder with existing investor Canada Pension Plan Investment Board (CPPIB).

With over $500M in revenue, and 20%+ organic growth rate, GlobalLogic has more than doubled in revenue and EBITDA since the Apax Funds first invested in the company in 2013. The company has been an innovator in the digital product engineering services space, with 12,000 employees worldwide working at design studios and engineering centers across the globe. GlobalLogic helps clients build innovative digital products that enhance customer engagement, and create new revenue streams. Its clients represent well-known global brands across multiple industry verticals.

Demand for digital product engineering services has grown rapidly, and GlobalLogic has been instrumental in helping organizations navigate the digital transformation arena. Next-generation cloud platforms, mobile and web applications, the Internet of Things (IoT), and other digital experiences have amplified the urgent need for brands to stay inventive and be able to offer customers a personalized and coherent service experience. GlobalLogic helps its customers build these innovative products and accelerates their journey in becoming the digital businesses of tomorrow. With Partners Group on board, the company can leverage the firm’s relationships, as it looks to continue to grow the business, especially in Europe.

“Partners Group has a long and successful track record of working with high growth companies and we are very pleased to have an investor that understands our business and shares our vision of building an even stronger company,” said Shashank Samant, CEO, GlobalLogic. “We are thankful to Apax Partners for their strong partnership and strategic support for the past four and a half years, and we look forward to our next chapter of growth as we expand into new markets and geographies with our new investment partner.”

“GlobalLogic is a market out-performer with strong momentum and a talented management team,” said Todd Miller, Managing Director, Private Equity Americas, at Partners Group in Denver. “Digital transformation throughout the economy is driving demand for next-generation product engineering services, a long-term trend we expect to continue for many years. GlobalLogic’s world-class network of software engineers assist clients to deploy cutting-edge software products that propel their businesses forward. We are excited to work with CPPIB as well as Shashank and his team to further strengthen the company’s competitive position and prospects for sustainable, long-term growth and enduring profitability.”

Rohan Haldea, Partner at Apax Partners, said: “We would like to thank Shashank and his team for all they have achieved over the past four and a half years. By investing in both its people and technical capabilities, GlobalLogic has cemented its position as a global leader in digital product engineering services. By delivering excellent customer outcomes the business has seen impressive growth. We wish the team all the best for the future.”

“We have benefited from a collaborative partnership with Apax over the past year and we are grateful for their contributions to GlobalLogic’s unique digital innovation growth story. CPPIB plans to continue to invest in GlobalLogic through its journey as the partner of choice to Fortune 500 companies for digital transformation and core software product development,” said Ryan Selwood, Managing Director, Head of Direct Private Equity, CPPIB. “We look forward to working alongside another world-class investor in Partners Group to support Shashank’s vision for the next stage of GlobalLogic’s rapid evolution.”

In April 2017, the Apax Funds sold 48% of its equity stake in GlobalLogic to CPPIB.

About Partners Group
Partners Group is a global private markets investment management firm with EUR 62 billion (USD 74 billion) in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in Denver, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Manila, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 1,000 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees. www.partnersgroup.com

About Apax Partners
Apax Partners is a leading global private equity advisory firm. Over its more than 35-year history, Apax Partners has raised and advised funds with aggregate commitments of over $50 billion. The Apax Funds invest in companies across four global sectors of Tech & Telco, Services, Healthcare and Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see: www.apax.com.

About GlobalLogic
GlobalLogic is a leader in digital product engineering services. We help our clients design and build innovative products, platforms, and digital experiences for the modern world. By integrating strategic design, complex engineering, and vertical industry expertise — we help our clients imagine what’s possible, and accelerate their transition into tomorrow’s digital businesses. Headquartered in Silicon Valley, GlobalLogic operates design studios and engineering centers around the world, extending our deep expertise to customers in the communications, automotive, healthcare, technology, media and entertainment, manufacturing, and semiconductor industries. www.globallogic.com

About CPPIB
Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits on behalf of 20 million contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, São Paulo and Sydney, CPPIB is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At December 31, 2017, the CPP Fund totaled C$337.1 billion. For more information about CPPIB, please visit www.cppib.com or follow us on LinkedIn, Facebook or Twitter.

Media Contacts:

Partners Group
Jenny Blinch, Phone: +44 207 575 2571 | Email: jenny.blinch@partnersgroup.com

Apax Partners
Global Media: Andrew Kenny, Apax | +44 20 7 872 6371 | andrew.kenny@apax.com

USA Media: Todd Fogarty / Aduke Thelwell, Kekst | +1 212-521 4800 | Apax@kekst.com

UK Media: Matthew Goodman / James Madsen, Greenbrook | +44 20 7952 2000 | apax@greenbrookpr.com

GlobalLogic, Inc.

Global Media: Alicia Nieva-Woodgate, ANW Networks | +1 720.808.0086 | alicia@anwnetworks.com.

CPPIB

CPPIB Media Relations: media@cppib.com

Mei Mavin, T: +44 203 205 3406; mmavin@cppib.com

Categories: News

Tags:

The Carlyle Group enters into exclusive negotiations to acquire HGH Infrared Systems

Carlyle

Paris/Igny, France, 18 May 2018 – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announces it has entered into exclusive discussions with HGH Infrared Systems (HGH) to acquire a majority stake in the specialist provider of infrared technology solutions, alongside management.

The proposed transaction will be subject to customary employee consultations and regulatory approvals. Equity for the transaction will be provided by Carlyle Europe Technology Partners III and it is expected to close in Q3/4 this year.

Founded in 1982 and headquartered in Igny, France, HGH develops and sells innovative optoelectronic and infrared systems and software for surveillance applications, test & measurement and industrial thermography to blue-chip customers in different end-markets. In particular, HGH offers a range of high-end solutions for surveillance applications in the security, defense, oil & gas and energy industries with its “Spynel” line of panoramic detection systems and “Cyclope” software for wide area surveillance. Other solutions include equipment for electro-optical systems calibration & testing as well as thermal scanners and pyrometric cameras for remote temperature and combustion monitoring. HGH operates two R&D and assembly sites in the Optics Valley near Paris, France and in California, USA. The company provides solutions to clients across 40 countries through two recognized brands HGH Infrared Systems and Electro Optical Industries (EOI).

Thierry Campos, CEO of HGH Infrared Systems, said: “This potential partnership with Carlyle is excellent news for our customers. It will also help HGH to move to the next level and to build on our strong international growth trajectory. Through significant investment in R&D, we have positioned our company as a technology leader and we have acquired major customer references in a number of markets. Carlyle’s global footprint and scale as well as its experience and networks in the aerospace & defense, oil & gas and energy markets will help us to further develop the company’s international presence and to broaden our blue-chip customer base.”

Vladimir Lasocki, Managing Director and co-Head of the Carlyle Europe Technology Partners team, commented: “Demand for wide area surveillance technologies is accelerating across all geographies, with increasingly sophisticated needs for the surveillance of critical infrastructure. HGH has become a reference in its markets and has built a solid foundation for future growth. In particular, HGH has developed a unique proposition with the Spynel, enhanced by its proprietary software for image processing and analysis allowing it to detect and see several targets at the same time at 360-degrees. We believe Carlyle can provide a platform for growth to HGH and look forward to working on the next phase of growth of the company.”

Cyril Bourdarot, Associate Director on the Carlyle Europe Technology Partners team, said: “We are impressed by HGH’s strong track-record and scalable business model. Over the past few years, HGH has experienced sustained double-digit growth, driven by the company’s outstanding technology solutions, software capabilities and customer-centric approach. We believe there will be significant future demand for HGH’s proprietary technologies and we are excited to partner with Thierry and his team to support the business as it looks to expand and increase growth across different commercial end-markets.”

*****

About HGH Infrared System

HGH Infrared Systems has been an expert in infrared technology for over 30 years. Since 1982, HGH designs, develops, assembles and sells electro-optics systems and software for security, defense, oil & gas, energy and various industrial applications. The company has established itself as an international reference in terms of innovation in infrared technology, through the development of multiple advanced sensors, systems and proprietary software.

HGH Infrared Systems’ Head Office is located in Igny near Paris, in the heart of the French Optics Valley, where the most well-known research laboratories and companies are based.

About the Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $201 billion of assets under management across 324 investment vehicles as of March 31, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,575 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 Carlyle Europe Technology Partners

Carlyle Europe Technology Partners (CETP) seeks to invest in European technology, media and telecommunications (TMT) companies. CETP’s European team of advisors provides strategic direction and resources to help accelerate the growth of companies in which CETP has invested and to support their efforts to expand internationally and to open up new market opportunities. The current fund is now the fourth one in the CETP franchise. In total, more than 143 investors from 34 countries have made commitments to CETP funds.

Media Contacts
Daphné CLAUDE & Dominic RIDING
carlyle@steeleandholt.com
+33 6 66 58 58 81 92 / +33 6 57 48 83 24   

Katarina Sallerfors
Katarina.sallerfors@carlyle.com
+44 (0)20 7894 3554

 

Categories: News

Tags:

Gimv acquires the majority in the leading European photonics solutions provider Laser 2000

GIMV

The European investment company Gimv has agreed with the owners of Laser 2000 GmbH to acquire a 75% stake in the company. Founder and managing director Armin Luft will retain a minority interest.

Laser 2000 (www.laser2000.de) was founded in 1986 and has since then evolved into one of the leading independent European suppliers of innovative laser and photonics solutions. The company’s comprehensive range of products extends from lasers and light sources for the processing of materials, over measurement equipment and fibre optics to 3D imaging, optical power and energy meters as well as cameras. With more than 30 years of experience in the market, Laser 2000 is a photonics pioneer and can therefore benefit from long-standing customer and supplier relationships. It serves renowned companies and research institutes in the fields of automation and sensor technology, optical communications and network technologies, biotech and medicine, automotive and aerospace.

Headquartered in Weßling (Germany), the company, which employs a total of 65 people, has continuously grown its business in recent years by establishing subsidiaries in other European countries (France, Spain, Sweden), capitalising on the steady growth of the photonics market.

Laser 2000 is well positioned to continue this development in the future: the company will keep expanding both its national and international business activities in the years to come, continuing to act as a trusted and competent partner and adviser to its clients and suppliers. Thanks to its broad range of products and services complemented by customised systems solutions, Laser 2000 is ideally suited to meet all customer requirements in this market. On top of that, new emerging fields of applications for laser technology are expected to contribute to a continuously strong growth of the photonics market.

Armin Luft, founder and managing director of Laser 2000, explains: “Optical technologies keep spreading to new industrial applications. We are known for innovation, creativity, quality and superior customer satisfaction in the photonics market for over 30 years, and we intend to keep growing. I am delighted that in Gimv we have found a new partner, who stands for successful, long-term cooperation and sustainable value creation in the SME segment. We share the excitement for technologies of the future and we will continue to develop Laser 2000’s success story together.”

Ronald Bartel, a Munich-based Partner in Gimv’s Smart Industries platform, adds: “As a technology spanning over all major sectors, photonics will put its mark on the 21st century from both, a technological and economic perspective, be it in Industry 4.0, autonomous driving, diagnostics or broadband networks.  Acting as an independent intermediary between customers and a plethora of suppliers and products, Laser 2000 is ideally positioned to participate in and benefit from this development. The company has what it takes to expand its market leadership – and we look forward to helping it reaching these goals in the future.”

The transaction is subject to regulatory approval. No further details will be disclosed.

Categories: News

Tags:

Novolex To Acquire The Waddington Group From Newell Brands

Carlyle

Novolex, a portfolio company of The Carlyle Group and an industry leader in packaging choice and sustainability, today announced it will acquire The Waddington Group from Newell Brands, Inc. The transaction is expected to close in approximately 60 days.

Headquartered in Covington, Ky., The Waddington Group is a global manufacturer and marketer of packaging and disposables serving the foodservice, bakery, deli, produce and confectionery markets. Novolex is a leading provider of packaging solutions serving retail, grocery, food service, hospitality, institutional and industrial markets.

“We are excited to add The Waddington Group to the Novolex family of businesses,” said Stan Bikulege, Chairman and CEO of Novolex. “This is a period of strategic growth and development at Novolex. Adding rigid plastic food packaging and an expanded range of sustainable packaging products have been key strategic priorities, and The Waddington Group has long been our top acquisition target. The company brings Novolex world-class product innovation, long-term customer relationships, and, most importantly, adds to our talented and dedicated team. We are excited to have Waddington CEO John Wurzburger and his team join the Novolex family.”

The Waddington Group has a footprint that includes 16 sites in the U.S., Canada, Ireland, The Netherlands and the U.K., and approximately 3,000 employees worldwide. “The Waddington Group is a great fit for Novolex. The company has a strong track record of developing innovative packaging solutions and, like Novolex, is a market leader in sustainability,” Stan added.

The acquisition of The Waddington Group is Novolex’s eighth since 2012. Previous Novolex acquisitions include Shields Bag & Printing (January 2018), Burrows Packaging (December 2016), Heritage Bag (April 2016), Wisconsin Film & Bag (September 2015), Packaging Dynamics (December 2014), Duro Bag (July 2014) and a portion of Clondalkin Group’s North American Flexible Packaging Division (April 2013).

“The Novolex team and our financial partners have brought together a select group of great businesses – all leaders in their respective product categories – into the Novolex family.  The companies that have joined our family are investing, growing and performing well,” Stan noted.  “We are grateful for the support of The Carlyle Group as we take this big step with The Waddington Group.”

“Novolex and The Carlyle Group have forged a strong partnership,” said Wes Bieligk, Principal, The Carlyle Group. “This acquisition illustrates our meaningful commitment to Novolex’s growth plans. We have great confidence in Stan and his team.”

With the addition of The Waddington Group, Novolex will have approximately 10,000 team members and 62 manufacturing plants worldwide.

Equity for the acquisition will come from Carlyle Partners VI, a $13 billionU.S. buyout fund.

About Novolex
Novolex is one of North America’s leaders in packaging choice and sustainability serving retail, grocery, food service, hospitality, institutional and industrial markets. With the pending addition of The Waddington Group, the company will have approximately 10,000 team members and 62 manufacturing plants worldwide. Headquartered in Hartsville, S.C., the Company’s brands include Hilex Poly®, Duro Bag®, Bagcraft® Packaging, De Luxe® Packaging, General Packaging Products, International Converter, Shields®, Heritage® Bag, and Burrows Packaging™. For more on Novolex and its sustainability leadership, visit www.Novolex.com.

About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $201 billion of assets under management across 324 investment vehicles as of March 31, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,575 people in 31 offices across six continents. www.carlyle.com.

About The Waddington Group
The Waddington Group (TWG) is a major global packaging manufacturer and marketer headquartered in Covington, Ky., Waddington’s brands include Eco-Products, the leader in the green packaging space; POLAR PAK® containers, serving ware, drink-ware and cutlery; and WNA upscale disposable plastic products. TWG has 3,000 team members and 16 manufacturing locations worldwide. TWG is a subsidiary company of Newell Brands, Inc., a global consumer goods company.

Media Contact:
Mark Daniels, Novolex™
Phone (904) 834-3707
Mark.Daniels@Novolex.com

 

Categories: News

Tags:

Ardian sells its stake in Serma Group

Ardian

Paris, 2 May 2018 – Ardian, a world-leading private investment house, today announces the signing of an agreement for the sale of its stake in SERMA GROUP (“SERMA”) to an holding controlled by the management and Chequers Capital. SERMA is one of France’s leading providers of specialist consultancy and expertise services for embedded electronic technologies and systems.

Founded in Pessac, France in 1991, SERMA is a mid-market specialist in electronic technologies for sectors operating in high-stress environments, including the aerospace, space, automotive, transport, energy and medical industries. SERMA is active throughout the entire value chain (from semiconductors to integrated electronics) and throughout the electronics life cycle. It focuses on four main business lines: technological expertise, systems security, embedded systems engineering, and the design and development of specific components (with an in-house ceramic assembly unit).

Since Ardian acquired its stake in April 2015, SERMA has demonstrated strong growth, both organically via the creation of its new business line, Safety and Security in June 2016, and through two acquisitions. In September 2016, SERMA acquired Opale Security, a company based in Rennes specialising in cybersecurity. In April 2017, it acquired Aw2S, a Bordeaux-based company specialising in radio frequency engineering. SERMA recorded turnover of almost €100 million in 2017.

Philippe Berlié, CEO of SERMA GROUP, commented: “I would like to warmly thank the teams at Ardian for their valuable support and in particular their expertise in external growth strategies. During this partnership, we have consolidated our position as an electronics specialist through the development of our new business, Safety & Security, and laid solid foundations to continue growing under highly favourable conditions.”

Arnaud Dufer, Managing Director & Head of Ardian Expansion France, added: “We are grateful to have had the chance to support such a talented management team, led by CEO Philippe Berlié. Since Ardian acquired its stake, SERMA GROUP has achieved both consistent organic growth, and external growth via strategic targeted acquisitions. The company is ideally positioned to continue its development alongside Chequers Capital.”

Aurélien Klein, Director of Chequers Capital, added: “SERMA is a high-performing group which has identified very attractive opportunities notably in the test and security sector, thanks to its strong management team. We are delighted to receive the trust of the management to support them in this new stage;  our objective will be to help Philippe Berlié and his teams to pursue the growth and specialization of the group, with a strategy which aims at developing Safety & Security activities while maintaining a strong differentiation.”
The transaction has been submitted to the bank for financing and for approval from the antitrust authorities. On completion of these actions, closing of the transaction should take place in June 2018. In line with legal requirements, the buyer will submit a mandatory public tender offer on SERMA GROUP shares.

ABOUT SERMA

SERMA GROUP offers an independent, international one-stop-shop for services in electronics. Specialized in electronic technologies for high stress environment, the group has developed around its culture of technical excellence and its in-house network of experts. Throughout the electronics life cycle, SERMA GROUP provides global offers around 4 major themes:
– Technologies and process (analysis, test and expertise)
– System security (consulting and rating “CESTI”, certified ANSSI)
– Embedded system engineering (design, development, qualification, production and maintenance)
– Microelectronics (design and industrialization of embedded systems, thick layer ceramic, ceramic assembly)
900 engineers and technicians are the strength of the Group operating with 10 industrial sites in France and Germany to serve its clients: aeronautics, automotive and transport, industry, space, energy and medical.

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$67bn managed or advised in Europe, North America 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 490 employees working from thirteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco) and Asia (Beijing, Singapore, Tokyo). It manages funds on behalf of c.700 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.Follow Ardian on Twitter @Ardian

www.ardian.com

ABOUT CHEQUERS CAPITAL

Created in 1973, Chequers Capital is one of the oldest investors in Europe. It is an independent company, which manages around €2 billion. It is one of the leading players in mid cap private equity investments with a team of 20 investment professionals based in Paris, Munich and Milan. Chequers Capital invests in industry, services, retail and more globally in companies which have a strong international development potential.
www.chequerscapital.com

LIST OF PARTICIPANTS

ARDIAN

  • Ardian Expansion: Arnaud Dufer, Maxime Séquier
  • Legal: McDermott Will and Emery (Grégoire Andrieux, Diana Hund)

SERMA GROUP

  • Philippe Berlié, Xavier Morin, Bernard Ollivier, Olivier Duchmann and Mirentxu Boutet
  • Legal: Apollo (Florence Savouré, Laura Smyrliadis, Delphine Dillemann) and SCP Chepeau, Lumeau & Associés (Frédérique Lumeau)

CHEQUERS CAPITAL

  • Aurélien Klein, Andrea Sartori, Jérôme Kinas
  • Legal advisor and legal, tax, social due diligence: Hogan Lovells (Stéphane Huten, Arnaud Deparday)
  • Strategic due diligence: CMI (Nicolas Kandel, Romain Girard)
  • Financial due diligence: 8 Advisory (Christian Berling, Dimitri Cromback)

FINANCING

  • CACIB: Olivier Malard, Cheikh Ba, Isabelle Saurel
  • Crédit Agricole Nord Midi Pyrénées: Sylvain Fauchard, Christian Candelon, Eric Boillot, Marion Trouche
  • Crédit Agricole Aquitaine: Corinne Auffret, Christophe Mouisset, Guy Rolland
  • CIC: Anne Bardou, Jérémie Malin
  • CIC Sud-Ouest: Jean-Renaud Dallay, Emmanuelle Leostic
  • CM-CIC Private Debt: Alexis Drouillot, Maire de Taisne, Thibaut Picard
  • BNPP: Patrick Boury, Xavier de Lestrange, Guillaume Chesnel, Sandrine Laurier, Marc Christiaen
  • BNP Paribas European SME Debt Fund: Cyril Loiry, Christophe Carrasco
  • Amundi: Marlène Archer, Julien Paycha
  • Neuflize OBC: Guillaume Boudet, Elisabeth Virag, Cédric Plantier
  • Legal: Goodwin Procter (Arnaud Fromion, Adrien Paturaud, Marie Domas Margarit)

PRESS CONTACTS

ARDIAN
Headland
CARL LEIJONHUFVUD
cleijonhufvud@headlandconsultancy.com
Tel: +44 020 3805 4827

Categories: News

Tags: