dogado acquires checkdomain and becomes one of the leading hosting providers in Germany

Triton

Dortmund/Lübeck (Germany), 7 January 2019 – dogado GmbH, a company of the Triton III portfolio company European Directories, acquired checkdomain. With the acquisition, dogado now serves more than 190,000 customers with domains, web hosting and cloud services. This makes dogado one of the leading hosting providers in Germany.

The Lübeck-based company checkdomain was founded by Johannes Herold and specialises in domain reservations. With around 800 TLDs from all over the world, checkdomain supports almost every combination of domain extension and desired domain name. Almost 50,000 customers, including customers such as Axel Springer and Sennheiser, value this service and the associated reliability.

For dogado, the acquisition was an important milestone in the company’s own development. Daniel Hagemeier, CEO of dogado, is pleased about the acquisition: “checkdomain and dogado not only share a common market but, above all, a common philosophy: We place the focus on the customer to enable them to operate successfully online. We found the perfect match in checkdomain for providing our customers with ideas for the right name for their online projects.”

Through this acquisition, dogado continues the ongoing consolidation in the hosting market. Thanks to the support of Triton, dogado has completed more than twelve acquisitions in Germany in recent years. Björn Osterloff, Operating Partner and advisor to the Triton funds and responsible for Dogado/EDSA  commented: “Triton’s goal,  through partnership with management teams, is to successfully develop its portfolio companies over the long-term.Together with the dogado management team, we developed a successful acquisition strategy for the hosting market right from the start. Thanks to the rapidly developing size of the company, dogado was able to provide its own customers with an even better portfolio of cloud services.”

About dogado

The dogado group, based in Dortmund, Hanover, Halle (Saale) and Lübeck, is a cloud hosting provider for business customers. After its founding in 2001, the company initially relied on professional hosting services and later, it became one of the first German specialists to offer corporate cloud-based services. With more than 120 employees and the brands checkdomain, BUSYMOUSE, dogado and alfahosting, the Group serves more than 190,000 customers and is one of the leading hosting companies in Germany.

About Triton
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.

Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 38 companies currently in Triton’s portfolio have combined sales of around € 13.1 billion and around 85,000 employees.

The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.

For more information: www.triton-partners.com

Press Contact:

Triton
Marcus Brans
Phone: +49 69 921 02204

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Universal-Investment acquires labs from Lupus alpha

Montagu

Frankfurt | 07 January 2019

The Universal-Investment group, based in Frankfurt / Main and Luxembourg, is acquiring the Frankfurt-based IT service provider for financial companies, labs, from its former owner, Lupus alpha Asset Management AG. labs will continue to operate as an independent company under the “UI labs” brand.

For Universal-Investment, the acquisition of the IT data specialist – which focuses on front-office and data solutions for financial companies – is yet another step towards becoming the leading European fund-service platform for all asset classes. In doing so, the company will round off its 360-degree portfolio for institutional investors, asset managers and fund initiators.

labs, which was formed in 2009, is amongst the industry’s leading software and IT consultancies. The company integrates heterogeneous data ecosystems, creates data-management solutions compliant with regulatory requirements, and visualises the data. It offers its customers the entire process from a single source – from the initial analysis through to implementation; in doing so, labs specialises in areas such as front-office solutions based on Software-as-a-Service models, data warehousing and analytics, PRIIPs (Packaged Retail and Insurance-based Investment Products) or the German Investment Tax Reform Act (“Investmentsteuerreform”). labs develops software products for asset managers, investment companies, custodians, insurance companies, wealth managers and family offices. In doing so, its team concentrates on the areas of front-office solutions, data management and reporting.

Universal-Investment CEO, Bernd Vorbeck, explains: “Digitalisation, in particular, is an important competitive factor in the financial sector. For Universal-Investment’s business model as an infrastructure platform for the fund industry, it is without doubt the decisive one. Especially, providing and optimising data services is a central issue for developing intelligent, innovative asset management solutions, streamlining processes and boosting efficiency. We’re therefore delighted that labs will become part of our growth strategy.”

Ralf Lochmüller, founding partner and CEO of Lupus alpha, confirms: “We successfully developed labs from an IT startup to an established supplier; we are convinced it will optimally leverage its continued growth potential at Universal-Investment in future.”

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Universal-Investment acquires labs from Lupus alpha

Montagu

Frankfurt | 07 January 2019

The Universal-Investment group, based in Frankfurt / Main and Luxembourg, is acquiring the Frankfurt-based IT service provider for financial companies, labs, from its former owner, Lupus alpha Asset Management AG. labs will continue to operate as an independent company under the “UI labs” brand.

For Universal-Investment, the acquisition of the IT data specialist – which focuses on front-office and data solutions for financial companies – is yet another step towards becoming the leading European fund-service platform for all asset classes. In doing so, the company will round off its 360-degree portfolio for institutional investors, asset managers and fund initiators.

labs, which was formed in 2009, is amongst the industry’s leading software and IT consultancies. The company integrates heterogeneous data ecosystems, creates data-management solutions compliant with regulatory requirements, and visualises the data. It offers its customers the entire process from a single source – from the initial analysis through to implementation; in doing so, labs specialises in areas such as front-office solutions based on Software-as-a-Service models, data warehousing and analytics, PRIIPs (Packaged Retail and Insurance-based Investment Products) or the German Investment Tax Reform Act (“Investmentsteuerreform”). labs develops software products for asset managers, investment companies, custodians, insurance companies, wealth managers and family offices. In doing so, its team concentrates on the areas of front-office solutions, data management and reporting.

Universal-Investment CEO, Bernd Vorbeck, explains: “Digitalisation, in particular, is an important competitive factor in the financial sector. For Universal-Investment’s business model as an infrastructure platform for the fund industry, it is without doubt the decisive one. Especially, providing and optimising data services is a central issue for developing intelligent, innovative asset management solutions, streamlining processes and boosting efficiency. We’re therefore delighted that labs will become part of our growth strategy.”

Ralf Lochmüller, founding partner and CEO of Lupus alpha, confirms: “We successfully developed labs from an IT startup to an established supplier; we are convinced it will optimally leverage its continued growth potential at Universal-Investment in future.”

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Capricorn ICT Arkiv, Quest for Growth and Pamica invest in Leuven-based scale-up miaa Guard

Leuven, Belgium: 3 January 2019 – Capricorn Venture Partners is investing both from the Capricorn ICT Arkiv as well as from Quest for Growth in a total round of € 3 million in miaa Guard, the Leuven based Identity and Access Management Solutions Company. Pamica, the investment vehicle form Michel Akkermans has also joined the round.

miaa Guard was founded in 2009 under the name of VintiQ by Carlo Schüpp and Ward Duchamps. Both founders are passionate professionals in information security and gained excellent experience at companies such as Swift, Ubizen and Deloitte ERS Security & Privacy. In 2014 the product brand “miaa” was established referring to the ‘management of identity, access and authorization’, which led to the company name “miaa Guard”.

miaa Guard offers a unique cloud-based platform to manage access to digital services. While the miaa platform responds to modern needs of privacy, it offers solutions in a sharing economy. In a sharing economy, consumers and professionals share access to sensitive records and internet-of-things through mobile apps. While traditional security models fail on scale, the miaa platform scales to tens of millions of users with self-service, self-healing and intuitive workflows for managing access.

miaa Guard already implemented its platform throughout the world from India to Poland and from France to the U.S for renowned clients such as Coca-Cola, Mars, Johnson & Johnson, Merck and the NBA. Closer to home, miaa Guard has been involved with smart ticketing at bus company De Lijn and the manufacturer of internet-of-things Hager.

The funds will be used to accelerate the growth of miaa Guard. Both Michel Akkermans and Katrin Geyskens are joining the miaa Guard Board of Directors.

More info on miaa Guard’s website.

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Flux raises $7.5M Series A to bring its digital receipts platform to more banks and merchants

Profounders

 

Flux, the London fintech that has built a technology platform for banks and merchants to power itemised digital receipts and a lot more, has raised $7.5 million in Series A funding. The round is led by VC firm e.ventures (which has previously backed the likes of Farfetch, Sonos and Groupon), with participation from existing investors PROfounders, and Anthemis.

Founded in 2016 by former early employees at Revolut, Flux bridges the gap between the itemised receipt data captured by a merchant’s point-of-sale (POS) system and what little information typically shows up on your bank statement or mobile banking app. Off the back of this, it can also power loyalty schemes and card-linked offers, as well as give merchants much deeper POS analytics via aggregated and anonymised data on consumer behaviour, such as which products are selling best in unique baskets.

On the banking side, Flux is currently available through Barclays (via Barclays Launchpad), challenger bank Starling, and for a small alpha group of Monzo customers. Once banking customers link their account to the service, Flux delivers digital receipts (and where available rewards and loyalty) for transactions at Flux retailer partners.

To that end, merchant partnerships include Costa Coffee, EAT, pod and itsu. Flux also recently announced that Pure is joining the service.

“Our mission has always been to liberate the world’s receipt data because by doing this we can enrich trillions of experiences globally,” Flux co-founder and CEO Matty Cusden-Ross tells me.

“The information on a receipt is used all the time in everyday life, from budgeting to loyalty to expensing but today these all require manual steps. We see a future in which all of these manual processes become seamless experiences, simplifying and enriching people’s lives. Our focus today is on establishing a standard, the Flux platform, to make this a reality within the U.K. before expanding to our first international market”.

Of course, Flux’s attempts to become a standard for the interchange of item level digital receipt data — and the proprietary platform that powers that standard — has always faced a chicken and egg problem: It needs bank integrations to sign up merchants and it needs merchant integrations to sign up banks. Cracking this problem has clearly started to gather momentum, something that hasn’t gone unnoticed by investors.

“We’ve transitioned from having to prove it’s possible to now scaling and that’s a great feeling,” says Cusden-Ross. “The aim for this round is to continue making Flux the gold standard for anything that touches receipt data, [ensuring] Flux remains super easy to use for everyone — consumers, banks and retailers. What this means is going fully live across some of the largest U.K. retail banks as well as ramping our up our live merchants”.

(Related, I understand that Flux has already begun integrating with one of the major U.K. supermarkets and an “international fast food chain,” amongst other unannounced partnerships.)

“Creating a real-time platform that handles massive data volumes is hard, but we’ve cracked it,” adds the Flux CEO. “We’re investing heavily in bringing on the best engineers to continue scaling in a big way. Having figured out the recipe for working with banks and retailers quickly, it’s now all about growing as fast as possible”.

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The Carlyle Group Invests in Wakanow.com, One of West Africa’s Largest Online Travel Agencies

Carlyle

Lagos – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that it has agreed to invest $40 million in Wakanow.com Limited (Wakanow), an online travel agency focused on West and East Africa, with principal operations in Nigeria. Equity came from Carlyle’s Sub-Saharan Africa fund and further financial details were not disclosed.

Founded in 2009 in Nigeria, Wakanow is one of West Africa’s largest full-service online travel companies, providing its customers with a one-stop online booking portal for flights, hotels, holiday packages, and other travel services and ancillaries. Complementing their online offering, Wakanow also operates a network of traditional brick-and-mortar travel centres and has operations in Nigeria, Ghana, Kenya, UAE and the UK.

Wakanow enjoys strong brand recognition and a scale advantages in its local markets. This investment adds to Carlyle’s experience in the online travel sector, where it has invested in companies such as C-trip, one of the major online travel agencies operating across China, the Latin American travel and tour operator CVC Brasil, and Vasco Turismo, one of the largest travel operations groups in Peru.

Obinna Ekezie, Co-Founder and CEO, Wakanow, said: “We are excited to partner with Carlyle as we continue to grow and expand in Africa and beyond. Carlyle’s global footprint and scale as well as its extensive experience and network in the online travel sector will help us to further develop our offerings and broaden our customer base.”

Idris Mohammed, Managing Director, The Carlyle Group, said: “Wakanow has experienced incredible growth since inception, disrupting the travel market and taking market share both online and offline. We believe that this strong growth trajectory will continue as Wakanow benefits from an expanding middle class across the continent in addition to increasing internet penetration and mobile connectivity, which is driving increased online traffic. We look forward to working with Wakanow’s management team to help them deliver on their vision for growth and expansion.”

Mayowa Ayodele, Chief Investment Officer, Platform Capital, one of Wakanow’s lead investors, said: “We are happy to partner with Carlyle and look forward to working together with them to strengthen Wakanow’s market position, accelerate innovation, deepen its systems and processes to realize the vision of a truly world class online travel agency with African roots.”

* * * * *

Media contacts:

Wakanow
Obinna Ekezie
Tel: +234 (0) 803 725 2736
Obinna@wakanow.com

The Carlyle Group
Catherine Armstrong
Tel: +44 (0)20 7894 1632
Catherine.Armstrong@carlyle.com

About Wakanow

Wakanow Limited is Nigeria’s leading travel business with a strong presence in West Africa and an increasingly growing reach across the African continent. The company offers an increasing set of products to address the holiday making desires of the African consumer, while showcasing and offering the Africa holiday experience to the rest of the world. Its partnerships with key global players in the travel space make it a one-stop travel solution at a competitive price point. The company employs over a 100 people and operates offices in strategic locations across the continent.

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $212 billion of assets under management across 339 investment vehicles as of September 30, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,625 people in 31 offices across six continents.

Web: www.carlyle.com 
Videos: www.youtube.com/onecarlyle  
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

About Carlyle Sub-Saharan Africa Fund (CSSAF)

Established in 2012, CSSAF and its affiliates, with $698 million of committed capital, have invested over $550 million to date across a variety of industries, including energy, financial services, TMT, retail, logistics, business services and mining services, and across a variety of geographies, including South Africa, Gabon, Nigeria, Mozambique, Zambia, Tanzania, and the Democratic Republic of the Congo. CSSAF makes buyout and growth capital investments in private and public companies from offices in Johannesburg, South Africa and Lagos, Nigeria.

About Platform Capital

Platform Capital is a growth markets focused, sector agnostic, principal investments firm.

Platform deploys patient, value accretive capital alongside international and local value investors to create champion businesses with the ability for regional scale. The firm’s extensive on-the-ground relationships and real time market insights makes it a unique co-investment partner.

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Robert Bosch Venture Capital participates in Graphcore’s USD 200 million Series D

Robert Bosch

A world leading AI chipmaker valued at USD 1.7bn

  • Early backer Robert Bosch Venture Capital continues its support after leading Series A
  • Machine intelligence training and inference at 10x to 100x the speed of current solutions
  • Investment Partner Dr. Hongquan Jiang: “Graphcore is changing the paradigm of AI computing in the cloud and at the edge”
18 December 2018, Stuttgart. Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company, of the Bosch Group, participated in the just announced financing round of Graphcore. The AI (Artificial Intelligence) chipmaker just finalized a new USD 200 million funding round, which values the company at USD 1.7 billion

A new kind of processor

Graphcore has built a completely new kind of processor and software for AI and machine intelligence. It has been shipping first products to early access customers and generated first revenues this year, just two years after the company was founded. High volume production is now ramping up to meet customer demand for its Intelligent Processing Unit (IPU) PCIe processor cards. Graphcore’s IPU is the first processor to be designed specifically for machine intelligence training and inference and delivers an increase in speed of 10x to 100x compared to today’s hardware. “Graphcore is changing the paradigm of AI computing in the cloud and at the edge. The highly efficient and massively parallel IPU technology can significantly improve AI driven products in many categories such as autonomous driving and security”, says Dr. Hongquan Jiang, Investment Partner at RBVC and board member of Graphcore. “We are very excited to accompany Graphcore’s journey in becoming a global leading AI company”.

Rapid growth towards a global leading AI company

The company is currently in a stage of rapid growth and has tripled the size of its team in 2018. This rate of growth will now accelerate significantly driven by the new investment. The funding is a further step towards fulfilling the company’s ambition to build a global technology company, focused on this new and fast-growing machine intelligence market. RBVC led Graphcore’s Series A in 2016 and has continuously supported the company that has now raised over USD 300 million in funding. RBVC Managing Director Dr. Ingo Ramesohl says: “Graphcore is a perfect fit for the RBVC portfolio in artificial intelligence technologies. We see enormous business potential with Bosch.”

A new age of computing

Nigel Toon, CEO and co-founder of Graphcore, says: “Machine intelligence marks the start of a new age of computing which needs a radically different type of processor and software tools. This new, fast growing market creates the opportunity for Graphcore to build a major global technology company that can help innovators in AI achieve important breakthroughs.”

About RBVC GmbH

Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and future relevance for Bosch, above all, automation and electrification, energy efficiency, enabling technologies, and healthcare systems. RBVC also invests in services and business models as well as new materials that are relevant to the above-mentioned areas of business.

Additional information is available at www.rbvc.com

About Graphcore
Graphcore’s Intelligence Processing Unit (IPU) hardware and software lets innovators create next generation machine intelligence solutions. The IPU is the first processor to be designed specifically for Machine Intelligence and delivers between 10x to 100x speed up compared to today’s hardware. Graphcore has raised over $300m in funding from leading financial and strategic investors and is headquartered in Bristol UK, with offices in London UK, Oslo Norway, Palo Alto USA and Beijing China.

The Bosch Group is a leading global supplier of technology and services. It employs roughly 402,000 associates worldwide (as of December 31, 2017). The company generated sales of 78.1 billion euros in 2017. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.

As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 125 locations across the globe, Bosch employs some 64,500 associates in research and development.

Additional information is available online at www.bosch.comwww.iot.bosch.comwww.bosch-press.comwww.twitter.com/BoschPresse.

Egress Secures $40 Million Growth Equity Funding Led by FTV Capital

FTV Capital

Global private equity firm specializing in high-growth companies invests in Egress to accelerate global expansion

BOSTON — Egress, a leading provider of data privacy and compliance software designed to secure unstructured data, today announced it has raised $40 million in a Series C financing round led by FTV Capital, with continued participation from existing backer AlbionVC. Egress will use this investment to build on its ongoing rapid growth in Europe and North America, as well as accelerate development of new technology across its data security platform.

A market leader in privacy and risk management, Egress helps enterprises protect unstructured data to meet compliance requirements and drive business productivity. The company’s AI-powered platform enables users to control and secure the data they share in line with evolving compliance regulations, including GDPR, the NYDFS Cybersecurity Regulation (23 NYCRR 500), and the recently-passed California Consumer Privacy Act. Since raising $3.6 million in Series A funding in February 2014, Egress has grown ARR by 9x, acquired over 2,000 customers and now supports more than five million users globally.

Egress customer, the State of Delaware, has been using the technology to help protect highly sensitive data and manage compliance. “As a regulated US Government State Agency, we recognized the importance of selecting a best-of-breed security partner,” explained Director of Network Engineering Mark Cabry. “Egress understands our complex business requirements and their technical innovation has helped us to maintain privacy and mitigate risk when sharing data across and outside government, leading us to deploy the service state-wide. It is therefore of little surprise that Egress is continuing to gain significant traction throughout the US market.”

Tony Pepper, CEO and co-founder of Egress, commented on the announcement: “Today’s heightened security threats, combined with an increasingly complex regulatory landscape, means that organizations face considerable risk from data breaches, resulting in reputational damage and significant financial loss. At Egress, we help businesses mitigate this risk by wrapping security around the user and managing their experience using machine learning and AI. This risk-based approach helps users avoid potential mistakes, such as sending information to the wrong recipients, and provides security administrators with insight into behavioral anomalies across the business.”

“We are delighted to be partnering with FTV as we enter the next phase of our development,” Pepper continued. “A prominent growth equity firm with an impressive track record of helping similar companies in our space to scale rapidly, FTV will bring invaluable strategic expertise to help expand our technical capabilities and business operations into new markets and geographies.”

As part of the transaction, FTV partner Kyle Griswold will join the Egress board of directors.

“The need for comprehensive data security systems that help prevent data breaches and maintain compliance has become one of the key strategic priorities for businesses globally,” stated Griswold. “Egress’ user-centric strategy, combined with their use of AI-driven technical innovation, is helping to tackle these challenges head on. Their success in highly regulated markets is evidenced by their rapid growth and exceptional customer retention rates, which make them an ideal partner for FTV and an attractive solution for the financial institutions in our Global Partner Network.”

“By partnering with Egress at this point in their journey, FTV will offer strategic support and guidance designed to accelerate growth and capitalize on what is a significant market opportunity, in addition to commercial introductions to our Global Partner Network enterprises,” Griswold concluded.

Ed Lascelles, partner at AlbionVC, commented: “We look forward to supporting Egress as it enters the next stage of expansion. We have witnessed first-hand how the business has built out an enterprise-grade data security platform from a niche point solution, while growing into new verticals and geographies during the period. The demand for enhanced data security is only going to increase and so we remain excited about the team’s ability to continue delivering rapid growth.”

About Egress

Egress helps enterprises protect unstructured data to meet compliance requirements and drive business productivity. The company’s AI-powered platform enables users to control and secure the data they share.

The award-winning solution provides email and document classification, accidental send prevention, email and file protection, secure online collaboration and audit and compliance reporting.

Trusted by over 2,000 enterprise organizations and governments around the globe, Egress offers a seamless user experience, powerful real-time auditing and patented information rights management, all accessible via a single global identity.

A privately-held company, Egress has offices in London, UK, Boston, USA, and Toronto, Canada.

About FTV Capital

Celebrating its 20 year anniversary, FTV Capital is a growth equity investment firm that has raised over $2.7 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology & services, financial services and payments & transaction processing. FTV’s experienced team leverages its domain expertise and proven track record in each of these sectors to help motivated management teams accelerate growth. FTV also provides companies with access to its Global Partner Network®, a group of the world’s leading enterprises and executives who have helped FTV portfolio companies for two decades. Founded in 1998, FTV Capital has invested in 107 portfolio companies including compliance/security and managed services companies such as A-LIGN, Aveksa (acquired by EMC), KVS (acquired by Veritas), ReliaQuest and Trustwave (acquired by Singapore Telecom). FTV has offices in San Francisco and New York. For more information, visit www.ftvcapital.com.

About AlbionVC

AlbionVC is the technology investment arm of Albion Capital Group LLP. The technology team invests from seed through to Series B in high growth companies, predominantly in the UK, with a particular focus on B2B software and technology enabled services. Albion has 20+ years’ experience investing in technology, has c.£450m FUM in technology companies and over 40 tech investments within its portfolios.

Albion Capital Group LLP is authorised and regulated by the Financial Conduct Authority

Visit: www.albion.vc

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Verdane invests in and merges HR Manager and Webcruiter

Verdane Capital

Verdane Edda has invested in HR Manager and Webcruiter, two leading suppliers of cloud-based HR and recruitment systems. The companies will be merged to create a leading Nordic platform for talent recruitment and development.

Once defined as the attraction of top talent, HR and recruitment have since developed into an integral part of corporate strategy that, in addition, encompasses talent management and development. As a result, the choice of HR software has come to be of critical importance.

HR Manager and Webcruiter hold individually strong positions in the market for cloud-based HR and recruitment systems. Webcruiter offers a specialized system for talent agents and leaders on the hunt for professional recruitment solutions. With more than 400 clients with users in over 120 markets, Webcruiter’s recruitment system handles over 1.9 million applications annually. The firm holds a leading position in the Norwegian market, particularly in the public sector, and is an active player in the Swedish market.

HR Manager has over 900 clients with users in more than 50 countries, and processes more than 3.5 million applications annually. The company’s integrated cloud-based platform for recruitment, employee introduction and talent development has established a strong market position in the Nordics.

Together, HR Manager and Webcruiter will form a company with Nordic growth ambitions, through both organic and add-on acquisitions, working to develop and broaden the available offering of cloud-based products and services for talent recruitment and development.

“HR Manager and Webcruiter’s combined competence, technology and solutions will bring forth promising new opportunities for both existing and new clients. We look forward to developing and establishing a leading Nordic platform together with Webcruiter,” says Lars Christian Ringdal, CEO at HR Manager.

Fredrik Mælum, CEO of Webcruiter, agrees. “We are a stellar fit across technology, client roster and culture. By coming together as one company we will be able to develop cloud-based solutions that support our clients’ strategic needs and operative work within recruitment, onboarding, talent development and HR leadership,” he says.

The Nordic market for HR software is valued at closer to NOK 5 billion, and faces significant changes in the years ahead. The market for cloud-based solutions is expected to grow at 10 to 20% per year until 2020, with far higher market penetration in the Nordics than in the rest of Europe and the US.

“HR Manager and Webcruiter both offer solid solutions and have very competent teams. This fusion will spark the development of even better products available to a greater number of clients across the Nordic market. We are pleased to contribute with our expertise, network and experience,” says Bjarne Lie, Managing Partner at Verdane Capital Advisors.

Verdane Edda will be the majority owner of the fused entity, which joins a Verdane roster of over 170 software and consumer internet investments made over the last 14 years. Expected revenue for HR Manager and Webcruiter stands at 55 and 49 million NOK, respectively, in 2018.

The parties have agreed not to disclose the terms of the transaction.

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DCI Group, in which Naxicap Partners has held a majority interest since 2016, continues its growth strategy by acquiring Retis

Naxicap

After buying hosted (i.e. cloud) services operator Lhexian in November 2017, DCI now announces the acquisition
of Retis, making it a major name in France’s digital services market with revenue over €90m.
DCI, a leading firm in IT integration and digital services providing infrastructure and cybersecurity solutions, announces its acquisition of Retis, a specialist in the digital workplace, IT infrastructure, cybersecurity and cabling.

This latest acquisition is being carried out with the help of a single-tranche loan from Idinvest Partners.
First established in 1993 and based in Montauban (Brittany), Retis has seen steep growth in recent years and is now a
recognised expert in cybersecurity and unified communications. The company has a diversified customer base across the French market, served by its network of 6 branch offices in Rennes, Paris, Lyon, Toulouse, Quimper and Nantes.
The new combined group becomes an outfit of critical size in digital services with more than 360 employees and a portfolio of over 1,000 active customers in both the public sector (universities, education, research, local authorities, healthcare, etc.) and the private sector (industry, finance and insurance, services, new tech, the press, etc.). It will continue its expansion by building on the many dovetailing aspects between DCI and Retis in terms of their technology portfolios, technical skills, types of customer, and geographical locations.

“This acquisition is consistent with DCI’s accelerated growth trajectory that we have been following since 2016 with our majority shareholder. These two companies, with the same market positioning, support and guide their customers throughout the value chain for digital transformation projects (feasibility, integration and post-implementation). By combining their talents and expertise, we aim to create a leading group in digital services on the French market,” says Fabrice Tusseau, President of DCI.
“After studying a number of options, I reached the conclusion I needed to sell the firm I started 25 years ago to another company in the market with a compatible business to dovetail with that of Retis, with similar values, able to ensure the long-term future of the work achieved in the interests of Retis’ employees and customers,” says Joël Cheritel, President and founder, Retis.

“This acquisition reflects a desire from management at both DCI and Naxicap Partners to actively pursue a strategy of
targeted acquisitions in IT consultancy and services, where the market is still fragmented and growth prospects high. We are particularly pleased with this acquisition which will help us expand our geographic coverage and strengthen the group’stechnological expertise, both of which make us stand out to clients.” Laurent Chouteau, Head of Investment at NAXICAP Partners.

Participants in the transaction:
DCI: Fabrice Tusseau, Nicolas Servage, Olivier Signoret
Naxicap Partners: Laurent Chouteau, Simon Ricque
DCI Corporate Investment Lawyer: Agilys (Baptiste Bellone, David Kalfon, Carolle Thain-Navarro, Madalina Suru,
Chloé Journel)
Financial DD: Exelmans (Stéphane Dahan, Manuel Manas, Amaury de Loisy, Chenwei Xu)
Single-tranche Debt: Idinvest Partners (Nicolas Nedelec, Emmanuelle Tanguy)
Bank debt Lawyers: Nabarro & Hinge (Jonathan Nabarro, Magali Béraud)

About Naxicap Partners:
One of France’s leading private equity companies, Naxicap Partners – an affiliate of Natixis Investment Managers* – has €3.2 billion of capital under management. As a committed, responsible investor, Naxicap Partners builds solid, constructive partnerships with entrepreneurs so that their projects can succeed. The company has almost 35 investment professionals in five offices in Paris, Lyon, Toulouse, Nantes and Frankfurt. For more information, please visit www.naxicap.fr

About Natixis Investment Managers*
Natixis Investment Managers serves financial professionals with more insightful ways to construct portfolios. Powered
by the expertise of 27 specialized investment managers globally, we apply Active ThinkingSM to deliver proactive
solutions that help clients pursue better outcomes in all markets. Natixis ranks among the world’s largest asset
management firms1 with more than $1 trillion assets under management2 (€861 billion AUM). Headquartered in Paris and Boston, Natixis Investment Managers is a subsidiary of Natixis. Listed on the Paris Stock Exchange, Natixis is a
subsidiary of BPCE, the second-largest banking group in France. For additional information, please visit the company’s website at im.natixis.com | LinkedIn: linkedin.com/company/natixis-investment-managers. Natixis Investment Managers includes all of the investment management and distribution entities affiliated with Natixis Distribution, L.P. and Natixis Investment Managers S.A. Natixis Distribution, L.P. is a limited purpose broker-dealer and the distributor of various registered investment companies for which advisory services are provided by affiliates of Natixis Investment Managers.

Provided by Natixis Investment Managers UK Limited which is authorised and regulated by the UK Financial Conduct
Authority (register no. 190258).
Registered Office: Natixis Investment Managers UK Limited, One Carter Lane, London, EC4V 5ER.
1 Cerulli Quantitative Update: Global Markets 2017 ranked Natixis Investment Managers (formerly Natixis Global Asset Management) as the 15th largest asset manager in the world based on assets under management as of December 31, 2016. 2Net asset value as at September 30 2018, Assets under management (“AUM”), as reported, may include notional assets, assets serviced, gross assets and other
types of non-regulatory AUM.

About DCI:
DCI has been a leading provider of digital services to private-sector businesses and public-sector organisations for more than 25 years. A recognised expert in infrastructure solutions (networks and mobility, data centres, unified
communications) and cybersecurity, DCI offers a unique value proposition in both cloud and on-premises modes. Driven by a culture focused on performance, technological innovation and customer satisfaction, DCI supports and guides 1,000 business customers throughout their solutions’ lifecycle, with audit, consultancy, project-mode integration, MCO and managed services. With 190 employees across France, DCI supports its customers’ operations 24/7, and home and abroad.

About Retis:
Retis, the IT services and consultancy specialist, delivers day-to-day support to organisations undertaking workplace digital transformation projects and in IT infrastructure management and security. Retis positions itself as a cybersecurity expert and has certified specialists to address organisations’ security issues in a comprehensive manner. From briefings and preliminary consultancy to the operational phase, Retis adopts a proactive approach and endeavours to deliver its customers expert services and advice to improve efficiency and performance. Retis is an independent firm currently employing 170 people, with offices across France, including in Nantes, Lyon, Paris, Quimper, Rennes and Toulouse. The preferred partner for the largest construction and publishing companies, Retis is well-established in a diverse ecosystem, and also has close links with the education sector. Retis’ wide-ranging customer base spans both the private and public sectors. Retis has been ISO 27001 certified since 2015.

About Idinvest Partners
With nearly €9 billion under management, Idinvest Partners is a recognised mid-market private equity firm in Europe.
Idinvest Partners has developed several additional areas of expertise, including: growth capital for young, innovative
European companies; mid-market private debt (single tranche, senior and subordinated loans); primary and secondary investments in unlisted European companies; and private equity consultancy. Founded in 1997, Idinvest Partners was a subsidiary of Allianz until 2010, when it became independent.

Press Contact:
Naxicap Partners
Valérie Sammut – Tel: +33 (0)4 72 10 87 99
valerie.sammut@naxicap.fr

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