Eurazeo PME is to become the new majority shareholder of STGROUP renamed VITAPROTECH, replacing UIGestion, and has announced it has signed a share purchase agreement under which it will invest €40 million in the company to hold approximately 60% of the sharecapital. This investment will be conducted alongside the managers, Eric Thord and Emmanuel Chopin, and other senior managers. The joint project between Eurazeo PME and senior executives relies on accelerating the group’s international growth, mainly through an ambitious external growth strategy. This transaction is scheduled to close in July 2018.

With a turnover of €29 million in 2017, VITAPROTECH has notably arisen as a result of the merger in 2014 of SORHEA and TILTechnologies led by Eric Thord. Founded in 1987 in the Lyon region, SORHEA is a pioneer in the detection of physical intrusions nearby sensitive areas In France thanks to its high performance infrared barriers, and holds 25% of the French market. Founded in 1988 in Aix-en-Provence, TILTechnologies is also the leader in its segment in France with 20% of the market, thanks to its supervising software for access control systems of critical sites. Investing about 10% of their turnover in R&D, both brands design high-end solutions they market through a network of integrators, for operators of vital importance in France or their equivalent in other countries(power generation facilities, utilities, prisons, logistics infrastructure, public safety/defense sites, bank and insurance headquarters, etc.).The group began its internationalization a few years ago through three build-up operations (United States, Canada, Belgium) and carries out 22% of its activity abroad. VITAPROTECH employs approximately 160 people spread over five sites, including two in France.

Supported by its new shareholders, VITAPROTECH aims at becoming a global reference in sensitive areas security. This project relies on three axis: the ramp-up of technologic al investments and the associated development of new products and services, the acceleration of the European and American expansion, and the implementation of external growth operations. Through it soffices(USA, Brazil, China) or partnerships (Germany), and its operational support expertise(governance, digital, CSR, integration of build-ups, etc.), Eurazeo PME will leverage on its worldwide network to support the group excellence strategy.

Joanne Dubail, Principal of Eurazeo PME:“We are delighted with this operation, which embodies the ambitious development project designed with Eric Thord and his team. We particularly appreciate the strong positioning of VITAPROTECH, relying on its many managerial and technological talents. We are committedtotransformingthisnationalchampionintoanintegratedandglobalmidcapcompany,andchannelallourexpertisetonurtureitsfuturegrowth.Acquisitionswilldefinitelybeanimportantlever.”2

ELISABETH AUCLAIR

Mail : eauclair@eurazeo-pme.com

Tél. : +33 (0)1 53 83 81 72

MAEL EVI N

Email: mael.evin@havas.com

Tel: +33 (0)6 44 12 14 91

EURAZEO PME CONTACT

PRESS CONTACT – HAVAS WORLDWIDE PARIS

Eric Thord, President of VITAPROTECH: “This is another major step towards developping our group. We started alongside UI Gestion, Bpifrance and Carvest to accelerate the transformation of ST GROUP. Alongside Eurazeo PME, my ambition for the group (renamed VITAPROTECH for the occasion) is to move up to a new dimension, firstly by capitalising on the synergies between SORHEA and TIL Technologies businesses, around a unique value proposal for securing sensitive sites, and secondly by structuring an ambitious approach to building international leadership.”

Olivier Jarrousse, Managing Partner of UI Gestion: “Participating in the majority takeover of a SME with a turnover of €9 million alongside Eric Thord, picking up the pace together and transforming it into a group that’s now worth nearly €30 million and boasts an international presence… this was an exciting adventure for our team. Bringing the project to the forefront today, and working together with Eurazeo PME and the management to pass on the baton to this key player who will offer its resources and expertise to serve the shared ambition, involved an approach that was different and yet aligned with our ambitions as investors.”

About Eurazeo PME

A subsidiary of Eurazeo, Eurazeo PME is an investment company dedicated to majority investments in French SMEs with a value of under €200 million. As a long-term professional shareholder, it provides its investments with all the financial, human and organisational resources necessary for long-term change, and supports those companies in its portfolio in implementing sustainable and therefore responsible growth. This commitment is formalised and deployed through a CSR (Corporate Social Responsibility) policy.

Eurazeo PME achieved a consolidated turnover of €1.1 billion in 2017 and supports the development of the following companies: Dessange International, Léon de Bruxelles, Péters Surgical, Vignal Lighting Group, Redspher, the MK Direct Group, Orolia, Odealim, Smile, In’Tech Medical. These companies are solidly established within their market and driven by experienced management teams.

For further information, please visit our website: www.eurazeo-pme.com

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Bad Homburg, 13 June, 2018. HQ Equita has signed an agreement to acquire a majority stake in the Steindl Group, which consists of the leading packaging machine manufacturers FAWEMA GmbH (“FAWEMA”) and HDG Verpackungsmaschinen GmbH (“HDG”). These companies together will now operate as The Packaging Group.

The Steindl Group’s previous Managing Partner, Peter Steindl, who acquired FAWEMA in 2006 and HDG in 2011, will continue to hold a significant stake in the newly founded TPG Holding GmbH and will play a central role in its operations. Friedbert Klefenz, former CEO of Bosch Packaging, will complete TPG’s Advisory Board as a competent industry expert. Mr. Klefenz invests in TPG Holding along with the company’s further management. In addition, Markus Hüllmann, former board member of GEA Group AG, will enhance the Advisory Board.

FAWEMA, founded in 1920 and based in Engelskirchen, and HDG, founded in 1984 and based in Lindlar, already hold leading competitive positions in their respective markets. They specialize in the development and manufacturing of packaging machines for filling dry, free-flowing bulk materials into various types of paper or plastic laminate bags. The machines offer packaging solutions for flour, sugar, baking mixtures, confectionery, animal feed and various chemical products. The product portfolio includes servo- and cam-controlled horizontal form, fill and seal machines with rotary system (HDG), as well as servo-controlled high-performance packaging machines with chamber transport, and vertical, intermittent and continuous form, fill and seal machines (FAWEMA). The product range is completed by appropriate dosing and levelling systems. The service and spare parts business also accounts for around a quarter of TPG’s sales. With Mr. Steindl’s operational expertise, Mr. Klefenz’s strategic competence and industry network, as well as HQ Equita’s financial strength, TPG’s sales and service networks will be strengthened internationally, the aftermarket business will be accelerated and new machine solutions for additional applications will be developed, thus diversifying the product portfolio. The strategy will be enhanced by targeted acquisitions to expand technical expertise, end applications and geographical reach.

Peter Steindl, former Managing Partner of the Steindl Group and designated Chief Executive Officer of TPG, underlines the industrial logic of the transaction: “With HQ Equita and Friedbert Klefenz as well as Markus Hüllmann we have found the ideal partners for FAWEMA and HDG to take the next big step, with both companies now operating as The Packaging Group to create a global platform.”

Friedbert Klefenz, designated Chairman of the Advisory Board of TPG, adds: “I look forward to using my experience and my network to continue the success stories of FAWEMA and HDG as The Packaging Group. The attractive and rapidly growing packaging machinery market is characterized by consolidation tendencies. I see great potential in the M&A area in particular.”

Hans J. Moock, Managing Director of HQ Equita, emphasizes that the transaction documents HQ Equita’s broad experience in the packaging industry: “We are very pleased to have won two top companies with strong positions in their markets: FAWEMA and HDG.”

Christine Weiß, Partner of HQ Equita adds: “We know the packaging machinery market very well and have already shown that we are able to successfully exploit attractive growth opportunities and global trends, such as the increasing importance of flexible packaging solutions.”

The parties have agreed not to disclose the purchase price and other details of the contractual agreement. The closing of the transaction is expected for the second half of June.

The Steindl Group was supported in the transaction by the following advisors: Hake Consulting (M&A, Finance), Rentrop & Partner (Taxes) and Fritsch Graf Horsten (Law, Purchase Agreement).

HQ Equita was supported by Munich Strategy (CDD), Ebner Stolz (FDD), ERM (Environment, ESG) and Watson, Farley & Williams (Law, Sales Contract, Taxes).

About FAWEMA GmbH and HDG packing machines Ltd (Steindl-Group)

The Steindl Group essentially consists of the leading packaging machine manufacturers FAWEMA GmbH (“FAWEMA”) and HDG Verpackungsmaschinen GmbH (“HDG”).

FAWEMA (“Factory for Tools and Machines”), founded in 1920, is a leading developer and manufacturer of packaging machines for filling dry, free-flowing bulk materials into various bag types made of paper or plastic laminates. The machines offer packaging solutions for flour & baking mixes, sugar, food & sweets, pet products and chemical powders. The product portfolio includes servo bag packers, cam driven packers, vertical fill seal packers (VFS), vertical form fill and seal machines (VFFS), bundler & collators and special machines. In 2006 Peter Steindl acquired the company from M.A.X. Automation GmbH as part of a management buyout. FAWEMA has operated sales and service branches in East Africa and the USA since 2017 in order to meet the growing local demand for packaging machines in these markets. FAWEMA employs 122 people at its headquarters in Engelskirchen and service technicians worldwide. More information can be found at: www.fawema.com.

HDG was founded in 1984 and employs approximately 80 people at its headquarters in Lindlar. The company specializes in the development and manufacturing of packaging machines for the food, pharmaceutical, chemical, cosmetics and pet food industries. The product portfolio includes includes horizontal form, fill and seal machines (HFFS Pouch) as well as dosing and levelling systems. HDG operates a worldwide service network consisting of numerous representative offices and service employees. In 2011 Peter Steindl acquired the company from the son of HDG founder Christof Glindemann. More information can be found at: www.hdg-packaging.com.

12/06/2018 – 07:30 | Portfolio

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

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