Tag Archives: Industrie

Mika Sutinen appointed as industrial partner in VAAKA Partners

Mika Sutinen has been appointed as Industrial Partner in the private equity company Vaaka Partners as of November 27, 2017. Vaaka Partners has an extensive industrial advisor network covering various industries and geographies to support the current and prospective companies through experience, knowledge and networks. With Mika’s nomination, his long experience especially in consumer business is now available to Vaaka’s companies.

“It’s great to have Mika’s experience available for our companies. In seven years, he built Musti&Mirri as the largest chain of pet supply stores in Scandinavia. When we acquired Musti&Mirri, the net sales were approximately 24 million euros. When Mika left the company, the net sales had grown to approximately 170 million. This is exactly what we do as a growth-focused private equity firm; we build a strong growth strategy in co-operation with company’s management as well as bring additional resources and expertize into the company. The average net sales growth in our companies over the last 12 months has been +23%, which is a strong proof of successful execution of growth strategies”, comments Juha Peltola, CEO of Vaaka Partners.

“Good ownership is a matter of professionalism. It is a great pleasure to work with a highly skilled and growth focused owner, boards and as well as the competent management teams. As private equity, we provide companies with resources that often open up strong growth opportunities. Together we accomplish more”, states Mika Sutinen, Industrial Partner, Vaaka Partners.

Contacts:
Juha Peltola, CEO, Vaaka Partners Oy, Tel. +358 50 514 84 01
Mika Sutinen, Industrial Partner, Vaaka Partners Oy, Tel. +358 400 600 999

Vaaka Partners Oy, Kasarmikatu 36, 00130 Helsinki, Finland

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Nordic Capital acquires a majority stake in Ryds Bilglas

Nordic Capital

Nordic Capital Fund VIII (“Nordic Capital”) has signed an agreement to acquire 90 percent of the shares in Ryds Bilglas, one of the leading vehicle glass repair and replacement companies in Sweden. The shares will be acquired from Nalka Invest and the founding family Ryd. The Ryd family will remain as shareholders with 10 percent of the Company and will also remain on the Board of Directors. Nordic Capital sees great potential in supporting the acceleration of Ryds Bilglas’ growth agenda, including operational improvements and digitalisation initiatives.

Nordic Capital acquires a majority stake in Ryds Bilglas Image

Ryds Bilglas is one of the leading vehicle glass repair and replacement companies in Sweden and is also active in the Norwegian market. The company was founded in Sundsvall, Sweden by the Ryd family in 1947, has annual revenues of c. SEK 700 mn and has more than 100 workshops with over 350 employees. The market for vehicle glass repair and replacement is attractive and growing. Ryds Bilglas holds a strong market position in Sweden, with a robust platform catering for high customer satisfaction. Nordic Capital will support the Company’s continued growth strategy through further investments to strengthen its commercial excellence work, operational improvements and initiatives in digitalisation.

“Ryds Bilglas has a very experienced management team and a market-leading position which provides a solid platform for growth. The Company has a high-quality service offering and very high customer satisfaction. We share the Ryd family’s ambition to leverage on these attributes and expand the business. Nordic Capital has a long history and proven track record of growing businesses and looks forward to supporting the management team in its next phase,” says Andreas Näsvik, Partner at the Advisor to the Nordic Capital Funds.

“We have a period of strong growth behind us evidenced by the doubling of our sales in Sweden in the last five years. We have established a presence in Norway and we are in the process of expanding into Denmark. With Nordic Capital supporting the Company as new owners, we believe we will have the muscles needed to further strengthen our Nordic expansion,” says Anders Jensen, CEO, Ryds Bilglas.

“We in the Ryd family are very positive about our upcoming cooperation with Nordic Capital. We have cooperated with Nalka Invest for five years with great success and we anticipate further strong growth for Ryds Bilglas and that the collaboration with Nordic Capital will be successful,” says Leif Ryd, representative of the founding family Ryd.

Nordic Capital has had a high level of transactional activity in 2017, having completed the take private of Nordnet, a pan-Nordic digital savings platform; the combination of Lindorff with listed Intrum to create the global industry leader in credit management services; and the IPOs of Handicare and Munters on Nasdaq Stockholm. The acquisition of Ryds Bilglas further builds on this momentum for the Nordic Capital Funds, which have made eleven successful exits including six IPOs and eight new platform investments in the last two years including MFEX and Nordax in Sweden and Alloheim in Germany.

The parties have agreed not to disclose the financial terms of the transaction. The investment is subject to approval by the relevant authorities.

 

Media contacts:

Katarina Janerud, Communications Manager
Advisor to the Nordic Capital Funds
Tel: +46 8 440 50 50
e-mail: katarina.janerud@nordiccapital.com

 

Anders Jensen, CEO
Ryds Bilglas
Tel. +46 70 727 34 80
e-mail: anders.jensen@rydsbilglas.se

 

About Ryds Bilglas

Ryds Bilglas is one of the market leaders in Sweden for the repair and replacement of automotive glasses. The business is represented with close to 100 workshops in Sweden, and 16 in Norway. In addition to its own workshops, there is also a network of franchisees under the brand name Samglas, which is a wholly owned subsidiary. For more information, please see www.rydsbilglas.se.

 

About Nordic Capital
Nordic Capital is a leading private equity investor in the Nordic region with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a proven track record. Core sectors are Healthcare, Technology & Payments, Financial Services, Industrial Goods & Services and Consumer & Retail, and key regions are the Nordics, Northern Europe, and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 11 billion through eight funds. The Nordic Capital Funds are based in Jersey and are advised by advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital please see www.nordiccapital.com

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Segulah V’s portfolio company Sandbäckens acquires Rörproduktion

Segula

Segulah V’s portfolio company Sandbäckens acquires Rörproduktion

Sandbäcken’s continues on its expansion strategy with the acquisition of Rörproduktion Sverige AB through its parent company Sandbäcken Utveckling AB.

Rörproduktion is a heating and sanitation contractor founded in 2010 by André Roos. In the past few years, Rörproduktion has successfully grown from 4 to 160 employees, with annual revenues reaching SEK 240 million. The business is active in Norrköping, Linköping, Nyköping, Katrineholm and Stockholm. André Roos will remain in the business as an important co-worker and part-owner, with continued responsibility for developing the business.

This is Sandbäckens’ third strategic acquisition and a part of the Company’s continued expansion plan. Through the acquisition, Sandbäckens further strengthens its position as one of Sweden’s leading heating and sanitation contractors.

“Rörproduktion is a very successful business which has shown stable and profitable growth under the leadership of André Roos. I am convinced that the culture and ambition of Rörproduktion’s organization will contribute strongly to Sandbäckens’ continued development. I look forward to supporting Rörproduktion in its continued growth as an important part of Sandbäckens”, says Håkan Bergqvist, Chairman of Sandbäckens.

About Sandbäckens

Sandbäckens is a leading contractor and service provider in heating, sanitation and sprinkler systems with a growing presence in industrial service. The company was founded in Linköping in 1993 and now has subsidiaries in 23 different locations in Sweden. Sandbäckens is owned by Segulah V L.P., management and directors of the board.

In 2017, Sandbäckens acquired the sprinkler companies Sprincom AB and Mälar Sprinkler AB. With the acquisition of Rörproduktion and the strong organic growth of the combined businesses, Sandbäckens annual revenues will reach SEK 1.2 billion and employ 700 people.

 

For further information, please visit www.segulah.com or contact:

Håkan Bergqvist, Chairman, Sandbäckens, +46 70 212 32 21

Peter Johansson, CEO, Sandbäckens, +46 70 538 52 39

Percy Calissendorff, Partner, Segulah Advisor AB, +46 73 347 62 81

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Acquisition of Numafa

Anders Invest

Anders Invest has completed its ninth acquisition by acquiring 70% of the shares in Numafa in Heinenoord (NL). The shares were bought from the two directors and shareholders. Director Ton Bervoets will leave the company at the end of 2017. Hans Andeweg remains as general manager and will keep an important minority stake in the company. 

In addition to Numafa, Van Rennes Industrial Automation (VRIA) is also part of the acquisition. There are branches in Germany and Italy. Numafa is a top 3 player worldwide in the production and sale of systems for cleaning reusable crates and pallets. These plastic crates and pallets are increasingly being used in the food processing industry. The company designs and assembles the cleaning lines, which process many thousands of crates per hour at high speed. The company has a broad international customer portfolio and counts large supermarket and fast food chains as its customer base. VRIA develops the automation and software for controlling the Numafa systems and also provides similar services to third parties.

Numafa 

The company has grown rapidly in recent years and sees sufficient opportunities to continue this growth. Reusable crates for food are on the rise and the demands on cleaning are increasing. Numafa wants to stay ahead by continuing to invest in automation and sustainability. Anders Invest looks forward to the collaboration and looks with admiration at the management and the approximately 100 employees who have built up a stable company with a reliable name.

 

Theo van Stuijvenberg will be in the Investment Manager of the company.

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Apax Partners and Altamir support Altran’s transforming acquisition of Aricent

Apax

Paris (France), 30 November 2017 – Apax Partners and Altamir confirm their support for the acquisition of Aricent announced today by Altran Technologies, their commitment to vote in favour of  the rights issue at the EGM and their intention to participate pro-rata in the rights issue.The acquisition of the US company Aricent is a transforming operation that will allow Altran to confirm its position as the undisputed world leader in engineering and R&D services.

Apax Partners and Altamir, which have been supporting Altran’s strategy since 2008, hold 8.4% of Altran’s share capital through the Altrafin Participations holding.

For more information on this operation, please refer to Altran’s press release issued today.

 

About Apax Partners

www.apax.fr

Apax Partners is a leading private equity firm in Europe. With 45 years of experience, Apax Partners provides long-term equity financing to build and strengthen world-class companies. Funds managed and advised by Apax Partners exceed €3 billion. These funds invest in fast-growing small and mid-market companies across four sectors of specialisation: TMT, Consumer, Healthcare and Services.

About Altamir

www.altamir.fr

Altamir (Euronext Paris-B, LTA) is a listed private equity company with almost €800m in assets under management. The company invests via and with the funds managed or advised by Apax Partners France and Apax Partners LLP, two leading private equity firms in their respective markets. It provides access to a diversified portfolio of fast-growing companies across Apax’s sectors of specialisation (TMT, Consumer, Healthcare, Services) and in complementary market segments (mid-sized companies in French-speaking European countries and larger companies across Europe, North America and key emerging markets).

 

Contacts

 

Apax Partners

Coralie Cornet

Tel.: + 33 1 53 65 01 35

Email: coralie.cornet@apax.fr

 

Altamir

Agathe Heinrich

Tel.: +33 1 53 65 01 74

Email: agathe.heinrich@altamir.fr

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IK Investment Partners to sell passive fire protection expert svt Group to Ergon Capital

ik-investment-partners

IK Investment Partners (“IK”) is pleased to announce that the IK Small Cap I Fund (“the Fund”) has reached an agreement to sell svt Group (“svt” or “the Company”), a leading provider of passive fire protection products and services as well as restoration management services, to Ergon Capital Partners III (“Ergon”). Financial terms of the transaction are not disclosed.

svt is the leading company in Passive Fire Protection (PFP) and Restoration Management (RM) in Germany with c. 50 years of experience. The PFP business comprises the full value chain from R&D to manufacturing as well as installation services of fire preventing and resistant products that are sold either to OEM or construction customers. svt is a pioneer in passive fire protection systems since 1977 and the only player being forward integrated into PFP installation business. Blue chip customers like Siemens, Bombardier, CRCC, Airbus, OBO Bettermann and Würth rely on svt PFP products. Landmark PFP Installation references include European Central Bank building and Eurotower in Frankfurt.

In addition, svt offers one-stop-shop services in Restoration Management specialising in fire, water and natural hazard damage restoration as well as pollutant removal.

During the Fund`s ownership, the Company grew its revenues from €80m to ca. €114m and its employees from 322 to 450 while investing significant resources into R&D and product development. svt obtained for the first time in its history a large number of licenses from the international certification organisation/company Underwriters Laboratories (UL), enabling the further internationalization of the products. Consequently, the Company built out its international presence by opening new locations in Singapore and Ajman to serve the international markets with its strong product base. svt`s acquisition of AIK Flammadur Brandschutz in 2016, to further expand the PFP products offering for transportation OEMs, underscores IK`s focus on supporting its portfolio companies to grow via add-on acquisitions.

As a consequence, svt has increased its revenue with PFP Products to the OEM customers by more than five times and also doubled, as a Group, its absolute operating earnings during the Fund`s investment period.

“It has been a pleasure working with Steffen Gerdau and his team, and we would like to thank all of svt’s employees for their hard work over the last years. Together we have managed to grow the business significantly, both in Germany and abroad. svt was the first investment in the IK Small Cap I Fund, and clearly demonstrates IK’s approach to value creation, by way of enlarging the products offering, drive internationalisation and growing via acquisitions,” said Anders Petersson, Partner at IK Investment Partners and advisor to the IK Small Cap I Fund.

“We enjoyed working with the IK team. With their support, we have completed a synergetic add-on acquisition with AIK Flammadur, invested into our development capabilities and product offering as well as expanded our international footprint. I am now looking forward to continuing the internationalization and growth with Ergon,” said Steffen Gerdau, CEO of svt Group.

Completion of the transaction is subject to merger control approvals.

For further questions, please contact:

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

svt Group
Steffen Gerdau
CEO
Phone: +49 4105 409056

About svt Group
For more information, visit www.svt.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 billion of capital and invested in over 110 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 

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Gimv divests natural climate control and fire safety specialist Brakel to Kingspan

GIMV

Brakel, a leading European climate control and fire safety specialist for commercial and industrial buildings, has been acquired by Kingspan, a global leader in innovative high performance insulation and building envelope solutions.

For 40 years, Brakel (www.brakel.com) has been a market leader in the Benelux region and the UK in the field of high-end quality solutions for glass daylight constructions (glass roofs and skylights), ventilation systems (top hung windows and flap ventilators) and fire safety systems (fire detection, smoke and heat extraction installations) in commercial and industrial buildings. These solutions are in response to the increasing demand for a comfortable, sustainable and safe indoor climate, using natural light and outside air. They are also made from high-quality recyclable materials, such as glass and aluminium. Brakel takes care of the production, distribution in the EU and the installation as well as the maintenance of these systems in the Benelux and UK. Gimv bought a majority stake in the company in 2015, and provided additional capital for the add-on acquisition of ArginaTechnics in 2016.

“Together with Gimv, Brakel has established a stable platform with sustainable products and an increased market position. Our ambition to penetrate in the EU end market and to expand our global distribution network is being strengthened and supported by Kingspan. We find in Kingspan an outstanding shareholder to accelerate the realisation of Brakel’s ambition with a shared vision to create energy-efficient and sustainable building envelopes providing maximum comfort and safety for end users. As part of Kingspan’s Light & Air division, we find an excellent foundation for continued growth and development of the business and its employees,“ says Ton van Gerwen, CEO of Brakel.

Rombout Poos, Principal within Gimv‘s Sustainable Cities platform comments: “Gimv is proud of having supported Brakel in its further expansion during the past years. Management did an excellent job to achieve this!”

Over the entire holding period, the investment in Brakel generated a return above Gimv’s long-term average return. No further details about this transaction will be disclosed.

 

 

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Frontmatec to invest in China

Axcel

Frontmatec has entered into an agreement to acquire Jining Xinglong Food Machinery Manufacturing Co., Ltd. (“Xinglong”), a leading supplier of equipment to the red meat industry in China. The transaction will provide Frontmatec with market access in China and in addition a local production setup dedicated for the Chinese market. Furthermore, Xinglong will benefit from transfer of advanced technology from Frontmatec.

“We have been in close dialogue with Xinglong for nearly one year, and we are very impressed with the development of the company and the current management team. Xinglong has strong capabilities within the industry and close relationships with the largest customers in China. The acquisition enables Frontmatec to strengthen our market position and to be able to tap into the large growth potential in China.”

– Henrik Andersen, CEO

Founded in 2001, Xinglong is a reputable Chinese slaughtering equipment enterprise, offering cost-effective equipment and technologies adapted to livestock and poultry slaughtering in China and other developing countries.

“I am very pleased about the partnership agreement with Frontmatec. I am confident that the envisioned combination of the technologies and know-how of the two companies will lead to a prosperous future”

– Mr. Wang, Founder of Xinglong

China is the world’s single largest market accounting for approx. 50% of all pigs slaughtered globally. The market is expected to experience strong growth going forward driven by i) an increased demand for more automated and high speed solutions and ii) an increased focus on food safety.

“This is another big step forward for Frontmatec, and we are happy to welcome Xinglong into the Frontmatec family. I am convinced that both companies can benefit from each other and that the combination will result in a much stronger value proposition towards our customers, which will fuel future growth”

– Arne Vraalsen, Chairman of the board

Going forward, Xinglong will continue to serve the Chinese market from its current base in Jining under its current brand name. However, in order to accelerate the sales of more advanced solutions in China, Frontmatec will support Xinglong with relevant technology and competences.

 

The completion of the transaction is subject to final closing, which is expected to happen within the coming months.

 

 

About Xinglong

Xinglong is a leading supplier of equipment to the red meat industry in China. The main focus of the company is slaughtering solutions to pig and cattle in the mid/high line speed segment. Xinglong is mainly supplying Chinese customers, but also has customers outside China. The company is located in Jining (Shandong province) and currently employs 234 employees.

 

About Frontmatec

Frontmatec develops world-leading customized solutions for automation in the food industry, other hygiene sensitive industries and the utilities industry. We are especially renowned for our high-quality systems for the entire value chain in the meat industry – from hygiene systems to control systems, from carcass grading to slaughter lines, from cutting and deboning lines to logistics and packaging. Frontmatec employs more than 1000 employees in 10 countries with a turnover of +200M EUR.

 

For additional information please contact CEO Henrik Andersen (+45 29 60 69 55) or COO Kristian Madsen (+45 60 20 01 22).

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Ardian North America Direct Buyouts team announces agreement for the acquisition of Revere Plastics Systems

Ardian

Ardian’s investment will boost the growth strategy of leading us plastic injection molding manufacturer

New York, November 20, 2017 – Ardian, the independent private investment company, today announces that its North America Direct Buyouts team has reached an agreement to acquire Revere Plastics Systems, a designer and manufacturer of plastic injection molded parts, from its parent, Revere Industries, LLC. Ardian will acquire a 100 percent interest in the company.

Founded in 2005 and headquartered in Clyde Ohio, Revere Plastics Systems partners with clients in the appliance, automotive, outdoor power equipment, medical and consumer goods industries. Its manufacturing capabilities include value-add plastic injection molding, insert and multi-shot molding, IML/IMD decorating, laser etching, assembly, numerous types of welding, inspection and leak testing.

Beyond its headquarters in Ohio, the company has three additional manufacturing facilities in Indiana, Missouri and Ontario. With approximately 1,100 employees, the company  is at the forefront of developing highly-tailored and advanced technologies to support customers manufacturing needs.

“Revere Plastics Systems is a market-leading plastic injection molding manufacturer well positioned for growth. Revere’s highly-capable leadership, blue-chip customer base, and its value-add capabilities gave us great confidence in the company’s potential and we foresee expansion opportunities for the company ahead,” said Vincent Fandozzi, Head of Ardian North America Direct Buyouts.

Kevin Kruse, Managing Director, North America Direct Buyouts, added “Furthermore, our investment in Revere will be supported by Ardian’s considerable experience and relationships in the industrial manufacturing sector alongside Ardian’s global network.”

“We are delighted to have Ardian as a partner on our side as we embark on the next stage of our growth. Ardian’s support will allow us to invest in additional capacity and new technologies enhancing our capabilities to serve our customer base.” said Glen Fish, President of Revere Plastics Systems. “There are great opportunities ahead and we are looking forward to taking advantage of them with the full support of Ardian,” continued Mr. Fish.

“We look forward to working with Glen and the incredible people who make up the Revere employee base on this next chapter in the company’s development,” added Mr. Fandozzi.

Ardian launched its North America Direct Buyouts activity in October 2016 when it brought on board the team from Seven Mile Capital Partners, led by Mr. Fandozzi. The North American direct investment activity focuses on lower middle market buyouts, specifically middle market industrial and related business services companies in North America. This is the second transaction completed by the team after the acquisition, in June 2017, of Dynamic Technologies, the designer and manufacturer of automotive fluid-handling systems.

Financial details for the transaction were not disclosed. The transaction is expected to close by year end.

 

ABOUT REVERE PLASTICS SYSTEMS

Revere Plastics Systems, LLC designs, develops, manufactures, and supplies plastic injection molded assemblies and components for the appliance, automotive, outdoor power equipment, medical, garden and consumer goods industries. It offers assemblies which include doors, balance rings, bases, pumps, dispensers, rollers, and dish racks for the appliance industry; lighting, interior, HVAC and braking for the automotive industry. The company also provides numerous engineered services; injection, stack, tandem, and insert molding services; and multi shot molding, mold to mold transfer, gas assist, in-mold decorating, vertical molding, testing, assembly, and decorating services. The company was incorporated in 2005 and is based in Clyde, Ohio. It has locations in Clyde, Ohio; Jeffersonville, Indiana; Poplar Bluff, Missouri; and Brampton, Canada.

 www.revereplasticssystems.com

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$66bn 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 470 employees working from twelve offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco) and Asia (Beijing, Singapore). It manages funds on behalf of 640 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

Follow Ardian on Twitter @Ardian

 www.ardian.com

PRESS CONTACTS

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OMERS Private Equity enters into exclusivity with Ardian to acquire Trescal

Ardian

London & Paris, 14 November 2017 – OMERS Private Equity, the private equity investment arm of the OMERS pension plan has entered into an agreement with Ardian, the independent private investment company, which grants exclusivity to OMERS to acquire a majority stake in Trescal (the “Company”), the leading international specialist for calibration services. The proposed transaction, which values the Company at approximately €670 million, is fully supported by Trescal’s management team headed by its CEO Olivier Delrieu. The proposed transaction will see the senior management make an equity re-investment into Trescal alongside OMERS Private Equity.

The proposed transaction remains subject to several conditions including customary approvals by the antitrust authorities and signing of a definitive agreement.

Headquartered in Paris, France Trescal operates across more than 110 sites in 22 countries covering Europe, North and South America and Asia. Trescal has over 3,000 employees worldwide and serves more than 40,000 customers over a range of sectors, including defence, aerospace, telecommunications, transportation and automotive. The company’s metrology services include calibration and the repair and maintenance of test and measurement equipment. Trescal also offers customised calibration management software solutions, metrology and technical support.

Ardian invested in Trescal in 2013 and since then has supported the Company’s continued organic growth and international consolidation. Over this time, Trescal has completed numerous acquisitions and grown revenue to over €270 million.

OMERS Private Equity will support the management and employees through further development of the Company’s service capability and through strategic acquisitions in what remains a large, but fragmented sector.

Jonathan Mussellwhite, Co-head of OMERS Private Equity in Europe, said: “We have followed Trescal since 2014 and have been impressed by the quality and track record of Trescal’s management team lead by Olivier Delrieu. This is our third consecutive bi-lateral off market transaction and OMERS Private Equity’s first investment in France; a significant and important market for us as we continue to expand our global investment footprint. We look forward to supporting Olivier and the team at Trescal in their continued development as a global market leader in calibration services.”

Thibault Basquin, Managing Director Ardian Mid Cap Buyout, added: “I would like to thank Olivier Delrieu and his team for our high-quality partnership. With more than 25 add-on acquisitions performed under our ownership, Trescal has doubled in size and become a worldwide player with presence on all continents. We are proud of this achievement; this is a clear example of the transformational growth strategies that we aim to support.”

Oliver Delrieu, CEO of Trescal, said: “With Ardian’s support, Trescal has expanded its footprint to new continents (South & North America and Asia) and completed 25 acquisitions worldwide reinforcing its global customer service offering. We sincerely thank them for their constant support, availability and enthusiasm.
The team at OMERS Private Equity has demonstrated a depth of knowledge and a sincere interest in our future development. We are looking forward to working with OMERS to continue to support our growth and strengthen our international leadership. Undoubtedly they are the right partner to accompany Trescal in our strategy to be ever more efficient in the services we provide to our customers.”

OMERS Private Equity is fully underwriting the proposed acquisition.

 

ABOUT TRESCAL

Trescal, an international specialist in calibration provides a broad range of services for the test and measuring equipment market. Trescal is represented in 22 countries: Austria, Belgium, Brazil, Canada, Czech Republic, Denmark, France, Germany, Italy, Luxemburg, Malaysia, Mexico, Morocco, Singapore, Spain, Sweden, Switzerland, the Netherlands, United Kingdom, United States, Romania and Tunisia. Supplementing the standard technical services (verification, calibration and repair of T&M instruments), Trescal provides expertise in the implementation and acquisition of measurement systems, customized equipment pool management software solutions, metrology, technical support, and training. Trescal operates more than 110 owned calibration laboratories and employs circa 3,000 people across the world. Trescal services 40,000 customers in various sectors such as Defence, Aerospace, Aeronautics, Automotive, Power Generation & Utilities, Electronics Manufacturing, Communications and Medical & Chemistry.

www.trescal.com

ABOUT OMERS and OMERS Private Equity

Founded in 1962, OMERS is one of Canada’s largest defined benefit pension plans, with more than $85 billion in net assets, as at December 31, 2016. OMERS invests and administers pensions for more than 470,000 members through originating and managing a diversified portfolio of investments in public markets, private equity, infrastructure and real estate.

OMERS Private Equity, the private equity investment arm of OMERS has $11.0 billion of capital invested as at December 31, 2016. With a team of 42 investment professionals based in London, New York and Toronto, OMERS Private Equity seeks to use its significant and differentiated capital base to partner with management teams of industry leading businesses. For more information, please visit

www.omersprivatemarkets.com

ABOUT ARDIAN

Ardian, founded in 1996 and led by Dominique Senequier, is an independent private equity company with assets of US$65bn managed or advised in Europe, North America and Asia. The company, which is majority-owned by its employees, keeps entrepreneurship at its heart and delivers investment performance to its global investors while fuelling growth in economies across the world. Ardian’s investment process embodies three values: excellence, loyalty and entrepreneurship.

Ardian maintains a truly global network, with more than 470 employees working through twelve offices in Paris, London, Frankfurt, Milan, Madrid, Zurich, New York, San Francisco, Beijing, Singapore, Jersey, Luxembourg. The company offers its 610 investors a diversified choice of funds covering the full range of asset classes, including Ardian Funds of Funds (primary, early secondary and secondary), Ardian Private Debt, Ardian Buyout (including Ardian Mid Cap Buyout Europe & North America, Ardian Expansion, Ardian Growth and Ardian Co-Investment), Ardian Infrastructure, Ardian Real Estate and Ardian Mandates.

www.ardian.com

PARTIES INVOLVED

OMERS

– OMERS: Jonathan Mussellwhite, Isabelle Pagnotta

– M&A advisors: DC Advisory (David Benin, Thierry Marie, Thomas Brulé, Bertrand Ciron)

– Legal advisors to OMERS: Weil Gotshal & Manges (David Aknin, Gautier Elies, Pierre-Adrien Achard and Adina Mihaescu)

– Buyer Due diligence:

  • Financial: EY Transaction Advisory Services (Laurent Majubert, Jérôme Cazauvieilh, Benjamin Poissonnier)
  • Tax: EY Société d’Avocats (Matthieu Autret, Tim Goodman, Jean-Laurent Bargiarelli)
  • Commercial: Bain (Trevor Cotton, Jean-Marc Le Roux)
  • IT: Liberty (Riley Scott)
  • Insurance: Marsh (Jean-Marie Dargaignaratz)
  • ESG: ERM (Julien Famy)

 

ARDIAN and TRESCAL

– Ardian Mid Cap Buyout: Thibault Basquin, Yann Bak, Edouard Level

– Trescal: Olivier Delrieu (CEO), Guillaume Caroit (Head of M&A), Philippe Gelbert-Maury (CFO), Marie-Zoe Beaugrand (General Secretary)

– M&A advisors: Natixis Partners (Jean-Baptiste Marchand, Benjamin Giner, Bertrand Duquesne) and Canaccord Genuity (Nadim Barouki, Nicolas Royer, Dimitri Prouvost)

– Legal advisors to Ardian: Latham & Watkins (Gaëtan Gianasso, Claire Mahieu, Sharon Mitz)

– Legal advisors to Management: Delaby & Dorison (Emmanuel Delaby, Alexandre Gaudin, Virginie Couvrat, Romain Hantz)

– Vendor Due diligence:

  • Financial: 8Advisory (Pascal Raidron, Gennat Mouline, Paul-Henri Chopin)
  • Tax: Arsène Taxand (David Chaumontet)
  • IT: PwC (Edouard Bitton, Christophe, Guénard)
  • Insurance: Siaci (Johanne Charbit)
  • ESG: Indéfi (Emmanuel Parmentier, Charlotte Salmon)

 

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