Investment in HTC Group

Anders Invest

Anders Invest has acquired a minority stake in HTC Group from Waddinxveen. HTC is the Dutch market leader in speed gates and employs over 80 people.
HTC is known for its high-quality products and innovative custom solutions. For example, the company has introduced mobile speed gates for temporary applications and produces speed gates with safety standards up to and including RC5. HTC has developed a product-as-a-service model and is investing in sustainability by developing the circular speed gate.
The company’s head office is located in Waddinxveen, where the production and assembly of the speed gates also takes place. From this location, the company carries out service and maintenance work with a nationwide network. HTC has its own engineering branch for the development of its products. Sales take place from the Netherlands and through a dealer network in Europe. Its customers are parking managers, government institutions, installers and homeowners’ associations.
The shares in HTC were acquired from Peter Thun. In addition to Anders Invest, operational director Robert-Jan Karsman has joined as a shareholder. Peter will remain as general manager and majority shareholder.

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SUPERHERO FIRE PROTECTION, a portfolio company of Hidden Harbor Capital Partners, acquires Abr Fire Protection

Hidden harbour

Lawrenceville, Georgia, August 20, 2024 – SuperHero Fire Protection, LLC (“SuperHero”), a Hidden Harbor Capital Partners
(“HHCP”) portfolio company that provides Fire, Life & Safety installation and services, today announced the purchase of ABR Fire
Protection, LLC (“ABR”), strengthening its geographic footprint in Georgia and increasing its revenue from recurring inspection,
service, and maintenance work.

Headquartered in Buford, Georgia, ABR is a provider of Fire, Life & Safety services to commercial customers with a focus on
inspection, service, and maintenance work. ABR specializes in inspecting, repairing, and upgrading fire sprinklers and other hazard
detection systems.

"We are thrilled about the chance to join forces with ABR and enhance our footprint in the Georgia market. ABR's strong customer
relationships, forged through years of outstanding service, will play a key role in driving the continued growth of our platform," said
Josh Stephens, CEO of SuperHero.

"The ABR team is excited to partner with SuperHero, as they will support our growth while ensuring we continue to deliver
outstanding service to our customers," said Clay Knowles, President of ABR.
Kilpatrick Townsend & Stockton LLP served as legal advisor to HHCP. Powell Firm, P.C. served as legal advisor to ABR.

About SuperHero Fire Protection, LLC
Based in Lawrenceville, Georgia, SuperHero is a provider of Fire, Life & Safety inspection, service, maintenance, and installation to
commercial end markets, with a strong focus on the southeastern United States. For more information, visit
https://superherofireprotection.com/.

About Hidden Harbor Capital Partners
Hidden Harbor Capital Partners is a private equity firm which helps create business success stories by building teams focused on
execution. We believe that great companies are built on a strong group of people as their foundation, and that businesses succeed
when they are intensely focused on executing a small set of well-defined objectives. Hidden Harbor currently has assets under
management of more than $1.9 billion and is investing out of its second fund, a $450 million vehicle. To learn more, visit www.hh-
cp.com and our page on LinkedIn.

###

Media Contact
Julia Bennett: (904) 534-4468 / jbennett@hh-cp.com

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Apollo Funds, together with Rettig, complete the acquisition of a 94.53% stake in Purmo Group Plc

Apollo logo

NEW YORK, Aug. 16, 2024 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds associated with its Clean Transition Equity strategy, together with strategic minority co-investor Rettig Oy Ab (“Rettig”), have through the special purpose vehicle Project Grand Bidco (UK) Limited completed the previously announced acquisition of a 94.53% equity ownership stake in Purmo Group Plc, a leader in sustainable indoor-climate solutions. Apollo funds and Rettig will look to acquire the remaining outstanding shares through Project Grand Bidco (UK) Limited and delist Purmo Group from the Nasdaq Helsinki Stock Exchange in the near future, resulting in Apollo funds owning 80% and Rettig 20% of Purmo Group.

After delisting, as a privately owned business led by Chief Executive Officer John Peter Leesi and the current management team, Purmo Group will continue to design, manufacture and distribute high quality products and solutions to over 100,000 customers in more than 100 countries.

Apollo Partner Waleed Elgohary said, “We are thrilled to partner with Rettig, John Peter and the talented Purmo team to build on their leadership in sustainable indoor climate solutions. We look forward to supporting the management team to unlock Purmo Group’s growth potential and play an increasingly meaningful role in helping to facilitate the clean energy transition.”

Purmo Group CEO John Peter Leesi said, “The completion of this transaction marks a significant milestone in Purmo Group’s journey, providing additional resources, expertise and a longer investment horizon that’s really required to accelerate our ambitious growth strategy in Europe and beyond. We are excited to leverage the experience and support of the Apollo and Rettig teams in this next chapter of our global sustainability journey.”

Matts Rosenberg, CEO of Rettig, said, “This transaction is aligned with our stated strategic ambition of reducing our ownership in Purmo Group, while also enabling us to continue supporting the company and Apollo funds as a strategic minority shareholder by providing insights and institutional knowledge gathered throughout our more than 50 years of ownership. We firmly believe that this transaction is attractive and beneficial for Purmo Group and all of its stakeholders.”

“This exciting acquisition builds on more than $40 billion of energy transition and sustainability-related investments that Apollo funds have made across our global platform in the last five years. We believe private capital is and will continue to play a key role in facilitating the energy transition and supporting businesses in their decarbonization journeys,” added Apollo’s Olivia Wassenaar, Partner and Head of Sustainability and Infrastructure.”ⁱ

Apollo’s dedicated Clean Transition equity team is part of Apollo’s Sustainable Investing Group. The Clean Transition strategy focuses on opportunities across energy transition, sustainable mobility, industrial decarbonization, and sustainable resource use.

Pursuant to the terms of the transaction previously announced, Purmo Group’s shareholders, other than Rettig, are entitled to receive €11.06 in cash for each C share of Purmo Group (including F shares eligible for conversion into C shares), whereas the price paid to Rettig is €10.53 for each of its C shares. The price paid for each F share ineligible for conversion into C shares is €6.75. Prior to the transaction, Rettig was the majority shareholder in Purmo Group.

Advium Corporate Finance Ltd., Jefferies International Limited, J.P. Morgan Securities plc, Nordea Bank Abp and RBC Europe Limited served as financial advisers, and Sidley Austin LLP, Roschier, Attorneys Ltd., Avance Attorneys Ltd., Latham & Watkins LLP and Norton Rose Fulbright served as legal advisers to Apollo funds and the investor group. Danske Bank served as financial adviser and Castrén & Snellman Attorneys Ltd and Hannes Snellman Attorneys Ltd provided legal advice to Purmo Group.

——
ⁱAs of June 30, 2024. Deployment commensurate with Apollo’s proprietary Climate and Transition Investment Framework, which provides guidelines and metrics with respect to the definition of a climate or transition investment. Reflects (a) for equity investments: (i) total enterprise value at time of signed commitment for initial equity commitments; (ii) additional capital contributions from Apollo funds and co-invest vehicles for follow-on equity investments; and (iii) contractual commitments of Apollo funds and co-invest vehicles at the time of initial commitment for preferred equity investments; (b) for debt investments: (i) total facility size for Apollo originated debt, warehouse facilities, or fund financings; (ii) purchase price on the settlement date for private non-traded debt; (iii) increases in maximum exposure on a period-over-period basis for publicly-traded debt; (iv) total capital organized on the settlement date for syndicated debt; and (v) contractual commitments of Apollo funds and co-invest vehicles as of the closing date for real estate debt; (c) for SPACs, the total sponsor equity and capital organized as of the respective announcement dates; (d) for platform acquisitions, the purchase price on the signed commitment date; and (e) for platform originations, the gross origination value on the origination date.

About Purmo Group
Purmo Group is at the centre of the global sustainability journey by offering full solutions and sustainable ways of heating and cooling homes to mitigate global warming. Purmo Group provides complete heating and cooling solutions to residential and non-residential buildings, including underfloor heating and cooling systems, a broad range of radiators, heat pumps, flow control and hydronic distribution systems, as well as smart products. Purmo Group’s mission is to be the global leader in sustainable indoor climate comfort solutions. Purmo Group’s more than 3,000 employees operate in 23 countries, manufacturing and distributing top-quality products and solutions to its over 100,000 customers in more than 100 countries.

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2024, Apollo had approximately $696 billion of assets under management. To learn more, please visit www.apollo.com.

About Rettig
Rettig is a family-owned investment company that creates value for generations. Our investment strategy focuses on both listed and private investments globally, and sets out to generate attractive over-the-cycle returns while maintaining an appropriate risk level in the portfolio. A cornerstone in our investment strategy is the ambition to cooperate with professional and like-minded partners and co-investors. Rettig is controlled by the 9th generation of the von Rettig family.

Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
communications@apollo.com / EuropeanMedia@apollo.com

Katariina Kataja (on behalf of Purmo Group)
Head of Investor Relations
+358 40 527 1427
katariina.kataja@Purmogroup.com

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Site 20/20 Announces Strategic Growth Investment from New Mountain Capital and Energy Impact Partners

New Mountain Capital

Dartmouth, Nova Scotia – August 12, 2024 – Site 20/20, a leading technology company in traffic control and road safety, today announced a new strategic growth investment from New Mountain Capital and Energy Impact Partners (“EIP”). The funding will be used to accelerate the company’s investment in technological development, artificial intelligence capabilities, and new product offerings.

“We are in the early stages of our journey in realizing the full potential of what this company can be,” said Site 20/20 CEO Mitch Hollohan. “This strategic growth investment will help accelerate this process and we are honoured to partner with like-minded investors in New Mountain and Energy Impact Partners that share our vision and will support us moving forward.”

Founded by Hollohan in 2015, Site 20/20 quickly established itself as a technology leader in roadside safety with the introduction of the first-of-its-kind Guardian SmartFlagger AFAD (Automated Flagger Assistance Device). Using remote and automated technology, the Guardian SmartFlagger makes roadside projects safer for both workers and drivers, while making traffic control more cost efficient for operators.

“Mitch and his team have developed an extremely impressive solution to help improve the automation, safety and reliability of outsourced traffic control services” said Joe Walker, Managing Director at New Mountain Capital. “We are thrilled to partner with Site 20/20 and the EIP team to continue to accelerate the adoption of this technology across utility and infrastructure service providers.” Ryan Dawson, Director and Operating Partner at New Mountain Capital, added: “the Site 20/20 team has led the business on an incredible growth trajectory, and we could not be more excited to drive continued value creation alongside them.”

The combination of superior safety with improved cost efficiencies has garnered significant traction in the industry. With this investment, Site 20/20 will continue developing innovative technologies and products that will serve the traffic control safety market, building on the Company’s position as the industry’s technology leader while expanding its market presence.

“Site 20/20’s success driving innovation and improving safety and operations aligns closely with our core focus at EIP,” said Steven Kantowitz, Partner at EIP. “We see a lot of momentum in the underlying transmission and distribution service markets and look forward to supporting Site 20/20 in partnership with New Mountain Capital as the Company expands its offerings.”

“Technology moves rapidly and it isn’t stopping to wait for anyone,” adds Hollohan. “But where that can be seen as a challenge, it also presents a tremendous opportunity for us and our partners to take this company where we want it to go. We are excited by the continued support of our long-time shareholders, and look forward to the new partnership with New Mountain Capital and EIP.”

About Site 20/20
Site 20/20 is an award-winning, technology company, manufacturing and servicing hardware and software solutions for the traffic control and road construction industries with a mission “to make every roadway worksite safer and more efficient for everyone.”

About New Mountain Capital
New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, credit and net lease investment strategies with over $55 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit https://www.newmountaincapital.com/.

About Energy Impact Partners
Energy Impact Partners LP (EIP) is a global investor custom-built for the energy transition. EIP brings together entrepreneurs and some of the world’s most forward-looking energy and industrial companies to advance innovation. With over $4 billion in assets under management, EIP invests globally across venture, growth, private equity and credit – and has a team of over 90 professionals based in its offices in New York, San Francisco, Washington D.C., Atlanta, Palm Beach, London, Cologne, Oslo and Singapore. For more information on EIP, please visit www.energyimpactpartners.com.

For more information about Site 20/20 and this strategic investment, please contact:

Brian Covert
Communications Manager, Site 20/20
bcovert@site2020.com
902 719-7517

Dana Gorman

H/Advisors Abernathy, for New Mountain Capital

dana.gorman@h-advisors.global

646 784-0446

Dhana Warnecke

Investor Relations, Energy Impact Partners

warnecke@energyimpactpartners.com

929 575-3443

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AURELIUS portfolio company Minova strengthens presence in Latin America through acquisition of Itabolt

Aurelius Capital

New York/London/Luxembourg, August 5, 2024 – Minova, an AURELIUS Private Equity portfolio company, has acquired Itabolt in Brazil, a family-owned manufacturer of special roof support bolts for underground mining founded in 1970. The acquisition further strengthens Minova’s presence in Latin America and will allow the company to expand its share of emerging global metals markets in Brazil, Peru, Colombia and Chile.

Itabolt offers an almost complete high-quality product portfolio, a large area for expansion on its site, and a strong reputation in the local market. The ability of its engineers to develop bespoke products according to customers’ requirements will complement Minova´s offering and provide a competitive advantage in the regional market.

“The acquisition of Itabolt not only allows us to strengthen our activities in the important Latin American market with a local production footprint, but also significantly enhances our capabilities within the Metals segment. Supported by AURELIUS, we aim to further expand in the region and look forward to welcoming Itabolt into the Minova family”, commented Ryan Kerr, CEO of Minova.

Since being backed by AURELIUS, Minova has grown and expanded, successfully integrating the Spain-based steel ground support manufacturing company Bulteck in 2023. With the support of AURELIUS Operations Advisory, the company continues to focus on the Metals, Non-Metals and Infrastructure segments.

“Minova is on an exciting growth trajectory. Itabolt marks the first add-on acquisition in Latin America, and together with Minova´s existing sales offices in Chile & Mexico this will accelerate the expansion in the region. The recent opening of an AURELIUS office in New York means that expertise located in the Americas is available if needed. Going forward, Minova will continue its efforts to assess further M&A potential”, commented Andrzej Cebrat, Managing Director at AURELIUS European Opportunities IV.

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Waterland Private Equity invests in Alphitan to consolidate its presence in France and across Europe

Waterland

Paris, 2 August 2024 – In order to pursue and accelerate its development, Alphitan announces the signature of a growth partnership with pan-European investment fund Waterland, which becomes a shareholder alongside founders Jean-Louis Yang, Jérôme Siat and the company’s main managers.

Founded in 2007 in Bordeaux, Alphitan is one of Europe’s leading providers of maintenance services for electronic systems and electric motors of industrial and embedded equipment. It operates on behalf of numerous customers in a wide range of sectors, including the agri-food, rail, semiconductor, aerospace and automotive industries.

Since its creation, the Group has successfully achieved growth, and is expected to reach a turnover of €45 million this year. This growth is the result of the combination of an organic development in a market where the major industrial players’ growing ESG concern is encouraging repair over replacement. It also results of external growth operations successfully carried out in France and internationally with the acquisitions of ID Rep (2011) and Antecs (2015).

Waterland will enable the Group to accelerate its development, notably through targeted international acquisitions and investment in cutting-edge innovations, such as predictive maintenance, and thus strengthen Alphitan’s position as a reference in the maintenance of complex electronic systems on a European scale.

“We are delighted to achieve a new milestone alongside Waterland. We are convinced that Waterland is the right partner to accelerate our international development and complete our service offering, while preserving the company’s DNA in technical excellence and innovation,” emphasize Jean-Louis Yang and Jérôme Siat, respectively Chairman and CEO of Alphitan.

“We were impressed by Alphitan’s unique technical know-how, recognized by the most demanding customers in both industry and embedded systems. This strong differentiation makes Alphitan a solid platform capable of successfully carrying out a consolidation project in France and Europe, in a highly fragmented market benefiting from strong tailwinds” declares Louis Huetz, Partner at Waterland.

About Alphitan
Founded in 2007 in Bordeaux, Alphitan is one of Europe’s leading providers of maintenance services for electronic systems and electric motors (in particular servomotors) for industrial equipment and on-board electronic systems for customers operating in a variety of sectors (agri-food, railways, semi-conductors, aeronautics, automotive).

The Group operates in France, Germany and Italy, serving over 4,000 customers and 2,500 industrial sites via 11 operating sites and 350 employees.

The group invests significantly in R&D to keep its technicians and engineers at the cutting edge of the various technologies developed by major OEMs.

For more information: https://www.alphitan.com/

About CAPZA
Created in 2004, CAPZA1 is an established European private investment platform focused on small and mid-cap companies.

With €9 billion of assets2, CAPZA puts its experience and passion for investing at the service of investors in Europe and worldwide with its platform of 6 complementary areas of expertise: Growth Tech, Flex Equity, Flex Equity Mid-Market, Private Debt, Transition3 and Artemid4.

CAPZA offers financing solutions to small and mid-cap companies at every stage of their development. Its unique platform allows CAPZA to support companies over the long term by providing them with custom made financing solutions (majority equity, minority equity, subordinated debt, senior debt, etc.). CAPZA is a generalist but has built up strong expertise in supporting companies in the health, technology and services sectors.

CAPZA Group has more than 110 employees based in Paris, Munich, Madrid, Milan and Amsterdam.

More info: www.capza.co

1 CAPZA (formerly Capzanine) is the commercial name of Atalante SAS
2 of which assets managed by a third party and advised by Artemid SAS, valuations as of 31/03/2024 also including funds raised until June 2024.
3 The funds of the CAPZA Transition range are managed by the asset management company CAPZA, and advised by CAPZA Transition SAS which has financial investment advisor status (CIF in France) and is registered under the Orias under the number 18001601 since 03/23/2018.
4 Artemid SAS is a fully owned subsidiary of CAPZA. It is a financial investment advisor (CIF) registered with ORIAS under number 14003497 since 28 May 2014. Artemid SAS advises the Artemid Senior Loan funds which are managed by CAPZA and France Titrisation (only the first vintage is managed by France Tritisation).

Press Contacts
Camille Billiemaz, waterland@the-arcane.com +33 6 31 58 82 37
Laurence Van Doosselaere, vandoosselaere@waterland.be +32 479 77 57 68

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Enstall expands into Germany with the acquisition of Schletter

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Rivean

Welcomes Avenue Capital and Robus Capital as new Shareholders 

1 August 2024

Amsterdam, Netherlands and Kirchdorf, Germany – Enstall, the global leader in rooftop solar mounting solutions, announced today the acquisition of Schletter Group (“Schletter”), a Germany-based provider of solar mounting systems. Financial terms of the transaction were not disclosed. Schletter’s current shareholders, Avenue Capital Group and Robus Capital will become minority shareholders in Enstall to support the company’s long-term strategic ambitions, working in close partnership with existing shareholders Blackstone and Rivean Capital.

Founded in 1968 and headquartered in Kirchdorf, Germany, Schletter is a global provider of solar mounting systems, having supplied over 55 GW of solar installations worldwide. The company’s product portfolio caters to roofs, façades, carports, and ground-mounted solar installations, including trackers and fixed-tilt systems.

The transaction represents a major step in executing on Enstall’s growth strategy, following its acquisition by Blackstone and Rivean Capital in 2022. The transaction will strengthen Enstall’s footprint in Germany and Central Europe, and establish Enstall as the one-stop-shop global solar mounting powerhouse, with a product portfolio covering both rooftop and ground-mount segments.

Stijn Vos, CEO of Enstall, said: “On behalf of the Enstall team, I would like to welcome all Schletter employees to the Enstall family. Schletter is the long-standing solar mounting champion of Germany, with a strong reputation for quality and innovation. We are looking forward to combining our expertise to achieve our shared vision of accelerating solar adoption to deliver solar, sooner.”

Florian Roos, CEO of Schletter, added: “Enstall shares our long-term commitment to sustainable solar energy for future generations. Everything we do is guided by our dedication to improving durability, safety, sustainability, and the quality of our solar mounting systems, in support of achieving a transition to green energy. The partnership with Enstall will strengthen the combined innovation capabilities, and enable us to serve our customers with a broader portfolio of products and digital solutions globally.”

Juergen Pinker, Senior Managing Director at Blackstone and Maurits Boomsma, Senior Partner at Rivean Capital, commented: “With this transformational acquisition, Enstall establishes a strong presence in Germany, Europe’s largest solar market, and expands into the attractive ground-mounted solar segment. Following Enstall’s acquisition of Sunfer in 2023, this deal demonstrates the continued strong momentum the company has in executing its growth strategy. We welcome Avenue Capital and Robus Capital as minority investors in Enstall, who have been long-standing supportive owners of Schletter.”

The transaction is expected to close in the second half of 2024 or early 2025, subject to customary closing conditions, including regulatory approvals.

J.P. Morgan is acting as financial advisor to Schletter.

About Enstall

Enstall is a leading provider of professional rooftop solar mounting solutions for both residential and commercial PV installations. We sell our solutions across the US, Europe, and Latin America through our distribution partners and to larger EPC, integrator, and installer clients directly. The breadth of our solutions portfolio, including leading brands IronRidge, Ecofasten, PanelClaw, Esdec, BluBase, and Sunfer, makes the installer workflow the fastest, highest quality, and most economical across application types and geographies. For more information, visit https://enstall.com.

About Blackstone Energy Transition Partners

Blackstone Energy Transition Partners is Blackstone’s energy-focused private equity business, a leading energy investor with a successful long-term record, having invested approximately $22 billion of equity globally across a broad range of sectors within the energy industry. Our investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering cleaner, more reliable and affordable energy to meet the needs of the global community. In the process, we build stronger, larger scale enterprises, create jobs and generate lasting value for our investors, employees and all stakeholders.

About Rivean Capital

Rivean Capital is a leading European private equity investor in mid-market transactions with operations in the DACH region, Benelux and Italy. Rivean Capital manages funds in excess of €5bn and has offices in Amsterdam, Brussels, Frankfurt, Zug, and Milan. Since its inception in 1982, Rivean Capital has supported more than 250 companies in realizing their growth ambitions. For more information, visit www.riveancapital.com.

Contacts

Enstall
Vera Vos (Corporate Communications)
vera.vos@enstall.com
+31 653 522 721

Schletter
Marc Wallowy (VP Global Marketing)
investors@schletter-group.com
+49 1761 9191 195

Blackstone
Felix Lettau (Media)
Felix.Lettau@Blackstone.com
+44 (0) 7587 020020

Rivean Capital
Maikel Wieland (Partner – Head of Investor Relations & Co-Investments)
m.wieland@riveancapital.com
+41 43 268 20 30

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IK Partners to invest in Sansidor

IK Partners

 

IK Partners (“IK”) is pleased to announce that the IK Small Cap III (“IK SC III”) Fund has signed an agreement to invest in Sansidor (“the Group”), a fast-growing testing, inspection and related services (“TIS”) provider. IK is investing in the Group alongside existing shareholders HC Partners, founders of the respective group companies and the management team. Financial terms of the transaction are not disclosed.

Sansidor was created in 2018 through the acquisition of several inspection companies by HC Partners. Since then, the Group has grown considerably and today, comprises 18 companies in the Netherlands. With a broad suite of products and services already on offer, Sansidor aims to provide a one-stop shop for small, medium-sized and larger enterprises across the entire built environment industry. To support the achievement of this, it pursues an active buy-and-build strategy which targets high-performing specialist companies with entrepreneurial mindsets that complement its existing offering.

Collectively, the Group has nearly 400 employees who serve over 9,000 clients across a diverse range of sectors. Operating across four key segments: Water Safety; Fire Protection; Electricity; and Building Integrity and two great niches of Infection Prevention and air measurements the Group benefits from a high level of sales recurrence due to insurance, regulatory and legal requirements, with significant customer lock-in and stickiness.

In partnership with IK and the continued support of HC Partners, Sansidor will further develop its in-house M&A capabilities to accelerate the pace of its buy-and-build strategy and drive consolidation in the market. In addition, the Group plans to increase cross-selling and pursue international expansion with an initial focus on Germany. The vision of central embedding, focus on internal corporation between entities as well as local entrepreneurship and culture remains key.

Udo Waltman, CEO of Sansidor, said: “I am extremely proud of the progress we have made over the last few years, particularly with our ‘Buy and Build together’ strategy. Our strong growth ambitions have seen us make several acquisitions of entrepreneurial TIS companies with well-established track records. This has enabled us to continuously evolve our offering and provide customers with access to a dynamic network of professionals from different disciplines. We would like to thank HC Partners for all their support thus far and we look forward to welcoming the team at IK on board for this next phase of our journey. We are extremely grateful to our strong and loyal customer base and every one of our colleagues who contribute to our shared success and help us advance towards our ambitious goals.”

Sander van Vreumingen, Partner at IK and Advisor to the IK SC III Fund, said: “This is another great investment for the IK Small Cap strategy in the Benelux region, with a fast-growing business that has significant potential to develop further. We have been impressed with Sansidor’s journey to date and are convinced of the critical and resilient nature of the services provided through its dedicated group of companies. We look forward to utilising our experience to support Udo, Dave and Frido and their teams in the next phase of the Group’s growth, working collaboratively with HC Partners also.”

Erik de Boer, Partner at HC Partners, said: “We are very proud of Sansidor’s journey over the past six years and are keen to continue our involvement with Sansidor via our second fund. With 18 acquisitions since the start in 2018, Sansidor is a great example of what we like to do: enter into partnerships with entrepreneurs and ambitious management teams and focus on accelerated growth via buy-and-build acquisitions. We are looking forward to entering into this new phase and continuing to support Sansidor’s growth, together with the IK team.”

For further questions, please contact:

IK Partners
Vidya Verlkumar
Phone: +44 7787 558 193
vidya.verlkumar@ikpartners.com

About Sansidor

Sansidor is a fast-growing network of TIS (test, inspect and services) companies. We mainly focus on the themes of safety, health and sustainability. Many of our services have a repetitive character and are often based on buildings, installations and spaces where people live, work or stay. We grow by adding companies that retain a high degree of independence. We support where possible and look for synergy opportunities between the companies. In this way we offer an interesting basis for all colleagues and we can provide our clients with increasingly broader services. We call this ‘Buy and Build together’. Our motto is: Ensuring a safe and healthy environment. For more information, visit sansidor.com

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About IK Partners

IK Partners (“IK”) is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €17 billion of capital and invested in over 190 European companies. IK supports 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 ikpartners.com

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About HC Partners

HC Partners is an independently managed private equity firm headquartered in Amsterdam, the Netherlands. It has a strong track record as a partnering shareholder in supporting entrepreneurs and management teams grow their companies, both organically and through buy-and-build strategies. The firm invests in small and medium-sized companies in promising sectors in the Benelux region. For more information, visit hcpartners.nl

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3i announces sale of Weener Plastics generating proceeds of c.£283m and overall return of 2.2x MM

3I

3i Group plc (“3i”) today announces that it has agreed the sale of its investment in Weener Plastics (“WP”), a leading provider of innovative plastic packaging solutions, to Silgan Holdings Inc (“Silgan”). Proceeds to 3i are estimated to be c.£283m, which represents a c.21% uplift on its 31 March 2024 valuation. Including the £45m of proceeds already received, this represents a 2.2x return on invested capital.

WP supplies the world’s leading A-brands and private label players focusing on the design, development and manufacturing of value-added caps and closures, deodorant sticks and roll-ons, and other innovative packaging for the personal care, food and beverage, home care and healthcare industries.

3i invested in WP in 2015 and has supported its international growth strategy through expansion into new product categories such as pharma packaging, and strengthened its position in its existing segments. During this period WP also completed four bolt-on acquisitions, significantly reinforcing its presence in Latin America and Europe, and delivered consistent growth, almost doubling its EBITDA under 3i’s ownership.

WP’s sustainability initiatives have also been recognised with an EcoVadis Platinum rating, placing WP in the top 1% of companies in the manufacture of plastic packaging worldwide.

Adrian Whitfield, CEO of Weener Plastics, said: “Our partnership with 3i has been very successful. We have expanded into new geographies, significantly grown the size of our business and laid the foundation for WP to be the reference player in innovative and sustainable plastic packaging solutions. We are now ready for the next international growth phase. I’m excited to be partnering with Silgan, which will provide new opportunities for growth and innovation, and enable us to take the next step in continuing to deliver exceptional value to our customers, employees and our other stakeholders.”

Pieter de Jong, Partner, Managing Director at 3i, said: “We are proud that WP has developed into one of the leading global suppliers of innovative and sustainable plastic packaging solutions. Under our ownership the company has become a frontrunner in creating sustainable packing solutions for its international clients which is demonstrated by its EcoVadis Platinum status. We are proud to have partnered with the WP management team, whose creative and entrepreneurial spirit drove the success of this business. We wish them a great future under the ownership of Silgan, and thank them for their partnership with 3i.”

The transaction is expected to complete in early Q4 2024 and is subject to customary closing conditions and regulatory approvals.

Barclays plc are acting as lead financial adviser. William Blair International Ltd. are acting as financial adviser and Willkie Farr & Gallagher LLP are acting as legal adviser.

-ENDS-

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3i Group plc

Elmley de la Cour
Media enquiries

Silvia Santoro
Shareholder enquiries

 

Tel: +44 20 7975 3023
Email: elmley.delacour@3i.com

Tel: +44 20 7975 3258
Email: silvia.santoro@3i.com

About 3i Group
3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Its core investment markets are northern Europe and North America.

For further information, please visit: www.3i.com.

About Weener Plastics
Weener Plastics is a full-service global supplier of innovative plastic packaging solutions, with a strong focus on the functionalities of dispensing, containing and closing. The company designs, develops and manufactures added-value caps, closures, roll-ons, jars and bottles for the personal care, food, home care and healthcare industries. Headquartered in Ede, The Netherlands, the company employs more than 4,000 people and has 23 facilities in 15 countries worldwide.

For further information, please visit: www.wppg.com

Regulatory information
This transaction involved a recommendation of 3i Investments plc, advised by 3i Germany.

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RECO enters the next phase of growth with Parcom

Parcom

The Reigwein family and investment company Parcom have reached an agreement regarding the acquisition of RECO, a specialist in equipment rental for the professional market. In partnership with Parcom, RECO’s management aims to continue its current growth strategy and company culture. In the coming years, the company will focus on sustainable growth within the equipment rental market, aiming to become the go-to partner for all equipment-related needs of its professional clients. The acquisition will not lead to changes for employees, customers, suppliers, and partners.

RECO is a Dutch family business based in Koudekerk aan den Rijn with 280 employees. RECO has been the specialist in equipment rental for the professional market for over 70 years. RECO offers an extensive portfolio of rental equipment to various sectors, including construction, rail & infrastructure, maritime, and events. RECO’s proposition focuses on unburdening customers by providing technical advice and other complementary services. As a family business, RECO values personal communication and fast decision-making, hereby ensuring reliability for its customers.

RECO has ambitious plans for the future. After 70 successful years under the leadership of the Reigwein family, both the family and the current management believe it is time for the next phase of growth. Parcom paves the way for further expansion of RECO’s current proposition within the Netherlands and the UK, as well as acquisitive growth. This partnership provides the opportunity to further invest in new product groups for the professional market, further geographic expansion within the Netherlands and the UK, and establish a leading position as a provider of sustainable solutions in (temporary) energy supply.

The RECO Lift Solutions business unit in Waddinxveen, which focuses on rental activities of temporary passenger lifts, emergency lifts, and stairlifts, will not be transferred to Parcom. This business unit, with approximately 30 employees, will continue its operations under Robin Reigwein.

Robin Reigwein, RECO: “I have great confidence in Parcom as partner for RECO in its next phase of growth. The input and experience of the Parcom team will be a valuable addition to the management team. Parcom recognizes the strength of RECO’s dynamic and responsive family-oriented culture and aims to preserve the culture in the future. I will remain actively involved in RECO Lift Solutions and look forward to capitalizing on international opportunities with the team, while maintaining close cooperation with RECO.”

Willem-Jan Merckel, Parcom: “We are very pleased to invest in RECO and become a partner of the management team. We are impressed by RECO’s development since its founding under the Reigwein family. The company offers a unique proposition to its professional clients based on unburdening clients of its equipment-related matters. We look forward to supporting the company in its further development.”

Financial details of the transaction will not be disclosed. The transaction is amongst others subject to approval by The Dutch Competition Authority (Autoriteit Consument & Markt).

About RECO

RECO is a dynamic and successful family business and has been a specialist in equipment rental for over 70 years, serving sectors such as construction, rail & infrastructure, and events. RECO combines equipment rental with technical advice and additional services to its clients such as design & calculation, transport and assembly. Through expert advice and an extensive product range, RECO provides a complete solution for any project. RECO operates with approximately 280 employees in the Netherlands and the UK. Although the RECO philosophy has remained unchanged over the years, the company has grown to become the go-to partner for equipment rental in the Dutch market. More information: www.reco.eu.

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