The shareholders of Robin Radar and investment company Parcom have reached an agreement on the acquisition by Parcom of Robin Radar, a leading developer of radar systems specialised in detecting and tracking small flying objects. In partnership with Parcom, Robin Radar’s management aims to continue its current growth trajectory. In the coming years, the company will focus on expanding its presence in existing markets, while targeting growth in new sectors and geographies, particularly North America.

Founded in 2010 as a TNO spin-off, headquartered in The Hague, Netherlands, Robin Radar has established itself as a global leader in radar systems designed to detect and classify birds and drones. The company’s radar solutions serve a range of critical industries, including defence, security, civil and military aviation, and wind farms. It provides innovative solutions to reduce bird strikes as well as drone-related security risks. Robin Radar’s unique technology, particularly its proprietary software, has made it the radar solution of choice for a diverse range of applications.

With this new partnership, Robin Radar is set to expand its presence in key markets. The company will further invest in the development of new radar solutions to meet the changing needs within the sector. In addition to product development, Robin Radar will focus on increasing its sales and services rollout in the rapidly growing defence and civil market segments, including in North America. To facilitate joint growth, Robin Radar and Parcom will drive an ambitious scale-up strategy, expanding the organisation and increasing assembly outsourcing.

Siete Hamminga, CEO of Robin Radar: “We are super excited about the partnership with Parcom. It marks a new chapter in our adventure to rollout, scale up and innovate. With their support, we are well-positioned to accelerate these ambitions and continue delivering high-quality radar solutions that meet the growing needs of our customers.”

Norman Bremer, Partner at Parcom: “Robin Radar’s innovative approach to radar technology has allowed them to make a significant impact across multiple sectors. We are impressed by the experienced management team and open, collaborative team culture, both fundamental to the company’s success. We are thrilled to support the team’s ambitious plans for growth, particularly as the company expands internationally and into new markets.”

Financial details of the transaction will not be disclosed. The transaction is subject to regulatory approvals.

About Robin Radar

Robin Radar is a radar solutions provider, based in The Hague, The Netherlands. The company is a technology leader in radar tracking and classification of small objects. Its mission is to provide actionable information to increase safety.

More information: www.robinradar.com

Paris, 10 October 2024 – Alliance Electronics, a leading electronics design and manufacturing group, announces the acquisition of TXCube, a specialist in the design and industrialization of complete electronic products. This acquisition follows the purchase of EMS Factory, a specialist in rapid electronic prototyping. These two strategic integrations, supported by Waterland Private Equity, will allow Alliance Electronics to strengthen its offering of value-added services and its position as an industrial leader in Europe.

Founded in 2009 by Elisabeth Partouche and Daniel Mawas, TXCube is a French expert in the design and industrialisation of electronic products, expected to reach over €12 million in revenue in 2024. With strong expertise in electronics, mechanics, embedded software, and “Design-to-Cost,” TXCube serves major companies from the CAC40, medium-sized businesses, and startups in France, Europe, and beyond.

Elisabeth Partouche views this partnership as a significant step in TXCube’s development: “With the ‘Made in Europe’ and ‘Made in France’ production capabilities of the Alliance Group, we can provide a broader manufacturing offering to our clients, driving further growth. Several new ‘Made in France’ projects are already in motion.”

Acquired in late July, EMS Factory is a Bordeaux-based company specializing in online rapid prototyping. Founded in 2015 by Pierre-Yves Sempere and Damien Michaud, EMS Factory employs 20 people and is known for its technical expertise and ability to produce complex electronic board and cable prototypes on very short deadlines. EMS Factory supports major industrial groups, medium-sized companies, research centers, and startups with their most complex projects across France and Europe.

Damien Michaud, who will remain at the helm of the company, commented: “I am excited by Alliance’s industrial vision, the growth opportunities it presents, and the potential to offer EMS Factory’s clients greater production capacity.”

These 6th and 7th acquisitions mark another significant step in Alliance Electronics’ development strategy, bringing its revenue close to €150 million. The group aims to reach €300 million by 2026.

Damien Rossignon, President of Alliance Electronics, commented: “These acquisitions mark a key milestone in expanding our subcontracting offering with high-value-added services for our clients. The seamless integration of design, prototyping, industrialization, and mass production allows us to offer a ‘one-stop-shop’ solution. This reduces time-to-market, optimizes production costs, and improves quality. We look forward to leveraging these synergies with the teams at TXCube and EMS Factory.”

Based in Rosheim, Alsace, Alliance Electronics is a major industrial player specializing in design, prototyping, and manufacturing of small and medium series electronic assemblies for international clients. The Group now operates 9 industrial sites across 4 countries: France (where its headquarters are located), Portugal, Belgium, and Tunisia.

The founders of EMS Factory and TXCube are reinvesting alongside Waterland within the Alliance Electronics group, as is Andera Croissance, which has been a shareholder of TXCube since its OBO three years ago.

“With these two new areas of expertise, Alliance Electronics strengthens its value chain and its technological and industrial service offering. EMS Factory enhances the prototyping activity while providing new commercial synergies, and TXCube supports the group’s position as a designer-manufacturer of electronic systems, offering new complete and turnkey solutions.” – Louis Huetz, Partner at Waterland.

About EMS Factory
Founded in 2015 in Martillac, in the Bordeaux region, EMS Factory is a key player in Europe in online electronic prototyping. Specializing in the design and production of small- and medium-series electronic boards, the company offers a complete range of services (prototyping, electronic board assembly, cabling, rework, engineering, product assembly, etc.). Thanks to full digitalization of its processes and a 4.0 factory, EMS Factory meets the most demanding needs with speed, flexibility, and precision.

About TXCube
TXCube is a French company that supports its clients from the prototype phase to industrial series production by leveraging its teams’ technical expertise, supplier networks, and overseeing all phases of industrialization. TXCube has expertise in the design, industrialization, and manufacturing of complete electronic product series, guiding clients from project inception to industrial production. With teams based in France and China, TXCube advises on the most suitable industrial model. The goal is to guarantee a “Time to Market” with a product that meets the requirements at an objective manufacturing cost while ensuring quality control and product compliance.

About Andera Partners
Founded over 20 years ago, Andera Partners is a major player in private equity in France and internationally. Its teams manage €4.3 billion across life sciences (Andera Life Sciences), growth capital and buyouts (Andera MidCap, Andera Expansion/Growth, Andera Co-Invest), sponsorless transactions (Andera Acto), and ecological transition (Andera Infra). Andera Partners’ mission is to support companies and their leaders in achieving strong and sustainable growth. The quality of performance offered to investors is based on a strong partnership between portfolio entrepreneurs and our teams, built on shared values. “The Power of And” represents the DNA of Andera Partners.
Based in Paris, with offices in Antwerp, Milan, and Munich, Andera Partners is 100% owned by its teams, composed of nearly 115 people, including 72 investment professionals. It is organized as a partnership and led by a committee of 13 partners.

Press contacts:
Ellie Hallam – waterland@wearehollr.com | +44 750 20 91 18
Laurence Van Doosselaere – vandoosselaere@waterland.be | +32 473 88 05 21

Polaris Flexible Capital (PFC I) is delighted to announce that it has provided acquisition financing to support Jernbro Industrial Services, a leading provider of industrial maintenance and projects in Sweden, in the acquisition of Veltec, a leading provider of similar services in Denmark and Norway. The investment is PFC’s fifth, raising the fund’s deployment to approximately 50%.

Please see the following press release:

English

For more information, please contact:

Jesper Langmack, Partner and Head of Polaris Flexible Capital
Phone: +45 30 58 46 84
Mail: jla@polarisequity.dk

Kent Brovn Arp, Partner Polaris Flexible Capital
Phone: +45 21 31 73 58
Mail: kba@polarisequity.dk

Partnership to drive significant growth and global expansion as company propels into the next phase of growth

MUMBAI – September 17, 2024 – Bain Capital, a leading global private investment firm, today announced a strategic partnership with RSB Transmissions (“RSB”), a premier global manufacturer of automotive, construction, and off highway equipment systems and aggregates. Together with RSB’s founders and management team, Bain Capital will provide the resources and global automotive expertise to unlock significant organic growth, pursue strategic M&A opportunities, and further establish the company as a global, diversified platform.

Founded in 1973 by R.K. and S.K. Behera, RSB specializes in the design and manufacturing of components for commercial vehicles, passenger cars, construction and off highway equipment. The company has expanded to 16 state-of-the-art manufacturing facilities across India, including locations in Jamshedpur, Pune, Dharwad, Chennai, as well as an international site in Mexico. With cutting-edge facilities and the latest IT infrastructure, RSB is recognized for its top-tier manufacturing capabilities, strategic customer relationships, and commitment to quality, which enables it to serve as a supplier of choice to global Original Equipment Manufacturers (OEMs).

“RSB is on the brink of a significant milestone as we celebrate 50 years of successful operations. From humble beginnings with just fifteen employees in Jamshedpur, this momentous occasion prompts us to reflect on our journey and look towards the future. We’ve established a strong foundation and see significant opportunity to expand and diversify in this next stage of growth,” said R.K. Behera. “Over the past eighteen months, we’ve had the pleasure of establishing a deep relationship with the Bain Capital team and have aligned on a joint vision for the future of RSB. We believe they are the right partner, with deep integrity and strategic capabilities, to help RSB 2.0 succeed and leverage growth opportunities on a global scale,” added S.K. Behera.

“For over five decades, Shri R.K. Behera and S.K. Behera have built RSB into a truly differentiated, high-quality company at the forefront of the global automotive engineering industry. RSB’s strong culture, relentless focus on high quality engineering, long-term customer relationships, impressive track record, and robust global footprint make it an extraordinary company,” said Pawan Singh, Partner at Bain Capital. “We believe the auto components industry and the company are at an inflection point. We are collaborating closely with the Behera family and are committed to building a larger, more diversified platform,” added Rishi Mandawat, Partner at Bain Capital.

The transaction is subject to receipt of necessary approvals from all relevant authorities.

Bain Capital’s investment was made through its Private Equity team, which has significant scale and experience supporting the growth of founder-led and global industrial companies based in India. Since establishing its Mumbai office in 2008, Bain Capital has built one of the largest private equity teams in India with notable investments including Hero MotoCorp, Porus Labs, J.M. Baxi, and Quest Global.
Axis Capital, KPMG, Kirkland and Ellis, Khaitan & Co, McKinsey, ERM and Alvarez and Marsal served as advisors to Bain Capital.

About Bain Capital
Bain Capital, LP is one of the world’s leading private multi-asset alternative investment firms that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Since our founding in 1984, we’ve applied our insight and experience to organically expand into numerous asset classes including private equity, credit, public equity, venture capital, real estate, life sciences, insurance, and other strategic areas of focus. The firm has offices on four continents, more than 1,750 employees and approximately $185 billion in assets under management. To learn more, visit www.baincapital.com.

About RSB 
RSB Transmissions is a distinguished company under the ownership of the Behera family. As a rapidly expanding global engineering enterprise, RSB excels in a broad spectrum of business pursuits, extending from the design to manufacturing of aggregates and systems tailored for commercial vehicles, passenger cars, as well as construction and farm equipment. RSB was founded in 1973 as exclusive manufacturer for Tata Motors Limited in Jamshedpur. It is a Tier-1 auto comps player focused on Propeller Shafts, Axle & other automotive components.
RSB has long-standing relationships with key customers and strong manufacturing and design capabilities. We have 16 plants located across 8 states and an international plant in Mexico, to export components to Tier-1s in the US.

Investment will support the company’s rapid growth into a national fire and life safety provider

Altus Fire & Life Safety (“Altus” or the “Company”), a leading provider of regulation-mandated fire and life safety services in the Northeastern region of the USA, today announced that it has received a strategic investment from funds advised by Apax Partners LLP (“Apax”), a global private equity advisory firm. Financial terms of the transaction with AE Industrial Partners, a leading private equity firm specializing in national security, aerospace, and industrial services, were not disclosed.

Founded in 1993 and headquartered in New York, Altus offers state-of-the-art fire and life safety services and solutions, such as testing and inspection, service and repair, drills and training, monitoring, upgrade, and installation services across product categories including fire alarm, sprinkler, and security systems. Over the past few years, the Company has grown rapidly both organically and via strategic M&A, adding new service lines and geographies.

John Adams, CEO, Altus Fire & Life Safety said: “The acquisition of Altus by the Apax Funds represents a unique and exciting opportunity for the future of our organization and our employees. Apax brings a wealth of experience and resources which are designed to further enable our rapid growth and scale into one of the nation’s leading providers of fire and life safety services. We are very thankful for the partnership with AE Industrial Partners over the past few years, and we believe this new chapter gives us the ability to fully execute on the vision which was the catalyst of Altus’ inception.”

Altus benefits from a strong reputation in the market and established relationships with strategic partners. Altus operates in a recession resilient and growing market and the Company has consistently delivered robust top-line performance. Given the large addressable market, Altus is well placed to continue to grow both organically and via strategic M&A.

Nedu Ottih, Partner at Apax, commented: “We’re excited to partner with John and the team at Altus to significantly scale the business. We see an opportunity to invest more in new products and services, and sales and marketing efforts to support the Company’s continued growth and geographic expansion.”

Ashish Karandikar, Partner at Apax, said: “We have been tracking the fire and life safety space for several years and have been very impressed by Altus’ growth journey to date. We are thrilled to collaborate with John and the entire Altus team as we support the Company in this next growth phase, solidifying its leading position in the fire and life safety services industry.”

Charlie Santos-Buch, Partner at AE Industrial Partners, said: “It has been very gratifying to work alongside the team at Altus as we have built the business together, taking it through a rebranding and establishing it as a well-integrated leader in the sector. We wish them continued success as they move onto their next stage of growth.”

Austen Dixon, Vice President at AE Industrial Partners, added: “When we acquired Altus in 2021, our vision was to create a leading, innovative brand in the fire and life safety sector, while expanding the Company’s footprint. We are proud of the work we have done to drive revenue, streamline operational functions, capitalize on synergies and realign the sales strategy to drive profitability and scalability.”

Altus was advised by Lincoln International. Apax was advised by William Blair and Solomon Partners.

Anders Invest has acquired screw pump manufacturer Spaans Babcock from Balk. The company has an annual turnover of €20 to €25 million and employs over 100 people.

Spaans Babcock engineers, produces, builds and installs screw pumps, screw generators, grids and aeration for wastewater treatment plants, pumping stations and hydroelectric power plants. The company is over 125 years old and was founded in 1897 by the Spaans family. In 1974, the company became part of the FKI Group Ltd., which also had a Babcock company in its group, and the current company name was created. In 1995, the company was acquired by the Alpha Group International.

The company realises the majority of its turnover with screw pumps, aerators and hydro turbines, in which niche the company is the global market leader. A large production location is located in Balk where the screw pumps are produced using CNC-controlled machines and welding robots. The screw pump distinguishes itself from other pumping techniques because of its capacity, lifespan, insensitivity to contaminated liquids and energy efficiency. In addition, the screw is fish-friendly and maintains the biological balance in purification plants because the pump has no destructive effect on the composition of the liquid. In addition to the branch in Balk, there are branches in England and Canada/United States.

The end customers are generally (waste) water purification companies, water boards (for example polder pumping stations) and companies active in the construction or operation of sewage treatment. With its own sales offices in England (Heywood) and Canada (Ontario), Spaans Babcock supplies its products worldwide.

The shares in Spaans Babcock were acquired from Alpha Group International.  The Alpha Group is an investment vehicle of Mr. Nolst Trenité and Mr. Eijt. Mr. Eijt is general manager at Spaans Babcock and will remain as general manager and shareholder.