14 June 2018. Hg today announces that it has agreed to invest in IT Relation, a leading Danish supplier of managed IT services to small and medium sized enterprises (SMEs).

Hg will acquire a majority stake in IT Relation from Adelis Equity Partners. The closing of the transaction is subject to regulatory approval and the terms are not disclosed.

Founded in 2003, IT Relation provides services which allow SMEs to move their IT infrastructure and operations into the cloud, as well as providing end user support and consulting as part of a full-service IT offering. The company has more than 450 employees supporting thousands of customers and tens of thousands of users in Denmark and around the world.

This investment is consistent with Hg’s focus on SME Technology Services in Europe, with other activity in this sector including investments in Zitcom (2015) and DADA (2017), both providers of online hosting services to SMEs. Hg will support the management team to build a clear industry champion based on IT Relation’s excellent customer service and operating platform.

Nick Jordan, Partner and Jonas Samlin, Principal, at Hg, said: “Henrik Kastbjerg and the IT Relation management team have built an exceptional business addressing the need for SMEs to operate their mission-critical IT in the cloud. We look forward to partnering with the business in the next phase of growth in Denmark and internationally.”

Henrik Kastbjerg, CEO of IT Relation said: “It has been a great journey with Adelis and now we are very excited about the next phase with Hg. Hg has a proven track record of investing in and developing tech and software companies and can support our further growth in Denmark as well as internationally.”

NEW YORK & LONDON & LISBON, Portugual–(BUSINESS WIRE)– OutSystems, the global leader in low-code rapid application development, today announced it has raised $360 million in an investment round from KKR and Goldman Sachs. The funding values the company at well over $1 billion, and the proceeds will be used to accelerate business expansion and for R&D in new advancements in software automation.

The OutSystems low-code platform enables customers to achieve significant efficiency gains in building and supporting enterprise-grade applications. By leveraging automation, artificial intelligence, and deep technology integrations, software developers and business users can build applications through an intuitive, visual interface, rather than traditional coding. Customers experience strong cost savings and create competitive advantages by developing custom applications in days and weeks versus months and years, despite a shortage of skilled developers.

Companies such as Toyota, Logitech, Deloitte, Ricoh, Schneider Electric, and GM Financial use the OutSystems low-code platform to rapidly develop custom applications that digitalize and differentiate their business. The platform can support a wide range of enterprise applications: from large, mission-critical solutions that replace aging legacy ERP/CRM systems, to mobile and web apps for internal processes, to customer experiences like online banking, account enrollment, and customer self-service.

OutSystems is widely regarded as the leader in its market due to the breadth and depth of the platform. The company serves thousands of customers globally and is recognized as one of the fastest-growing technology companies with revenues well above $100 million and growing at more than 70 percent annually.

“We’re attacking one of the biggest problems facing businesses today — the lack of speed and agility of traditional software development that is hindering digital transformation initiatives around the world,” said Paulo Rosado, OutSystems CEO. “We see companies struggle with this every day and we’re thrilled to be partnering with KKR and Goldman Sachs to solve this problem by bringing more innovation to our customers and re-defining the future of enterprise software development.”

“We believe we are in the early innings of what will be an extended period of significant growth in the low-code application development market, and we are very excited to be backing a category leader like OutSystems,” said Stephen Shanley, Director at KKR. Lucian Schoenefelder, Member at KKR, added: “OutSystems is a perfect fit with KKR’s strategy of supporting best-in-class technology entrepreneurs in their ambition to build global category leaders in large markets. We are very excited to partner with Paulo and his team and will make KKR’s global platform available to support the OutSystems expansion plans.”

“We found that we could point to every major industry sector and find excited and loyal OutSystems customers who have developed unique solutions and are adopting the platform across their organization,” said Kirk Lepke, Vice President at Goldman Sachs Private Capital Investing. Christian Resch, Managing Director at Goldman Sachs Private Capital Investing, added: “OutSystems is directly in line with what we seek for new investments: Support of exceptional founders and management teams in innovative businesses that offer a significant opportunity to create long-term value. We are very much looking forward to backing Paulo and the team to further expand this unique business.”

“The market potential we see with OutSystems is incredible,” said Mike Pehl, OutSystems board member and Managing Partner at Guidepost Growth Equity. “With customers in over 50 countries and nearly 250 partner integrators developing on the platform, it’s clear the low-code market has reached a tipping point, and OutSystems is the clear leader.”

“Founded in 2001, OutSystems has always had a strong vision for their platform and a strong company culture that promotes quality and transparency,” said Joaquim Sérvulo Rodrigues, OutSystems Board Member and Partner at Armilar Venture Partners. “Today, their technology is very advanced, creating a high barrier to entry for potential competitors. OutSystems has created a whole new market.”

“This funding comes on the heels of a record-breaking year for the company,” said Rosado. “OutSystems stands strong as the pioneer in low-code development. Having global investors the caliber of KKR and Goldman Sachs that share our vision for the future of revolutionizing software development sets us on a path of tremendous growth and innovation that will fundamentally change how organizations build software.”

KKR’s investment was made through its Next Generation Technology Growth Fund.

About OutSystems

Thousands of customers worldwide trust OutSystems, the number one low-code platform for rapid application development. Engineers with an obsessive attention to detail crafted every aspect of the OutSystems platform to help organizations build enterprise-grade apps and transform their business faster. OutSystems is the only solution that combines the power of low-code development with advanced mobile capabilities, enabling visual development of entire applications that easily integrate with existing systems. Explore careers at OutSystems, named a Top Cloud Employer by Forbes three years in a row. Visit us at www.outsystems.com, or follow us on Twitter @OutSystems or LinkedIn.

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, growth equity, energy, infrastructure, real estate and credit, with strategic manager partnerships that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About Goldman Sachs Private Capital Investing

Goldman Sachs Private Capital Investing (“PCI”) is Goldman Sachs’ investment platform dedicated to providing long term capital to growth and middle-market companies throughout the US, Europe and Israel. The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

About Guidepost Growth Equity

Guidepost Growth Equity is a leading growth equity firm that partners with technology companies offering innovative solutions in large, dynamic markets including tech-enabled services, communications and infrastructure, and data and information services. Prior investments include Dyn (sold to Oracle), Jive Communications (sold to LogMeIn), ProtoLabs (IPO on NYSE), and WP Engine. Guidepost Growth Equity provides the flexible capital, operational support and strategic guidance necessary to support the continued success of growth-stage businesses.

About Armilar Venture Partners

Armilar Venture Partners manages more than 200 million euros of assets. Their worldwide companies provide innovative products and services that are improving our world, the way we live, and the way we do business. Since 2000, Armilar invested in more than 40 seed and early-stage companies and currently has four investment funds, each managed with a hands-on approach.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180605005431/en/

OutSystems (US)
Ann Conrad, +1 404-512-2518
ann.conrad@outsystems.com
or
KKR (UK)
Alastair Elwen, +44 207 251 3801
Finsbury
alastair.elwen@finsbury.com
or
Goldman Sachs
Joseph Stein, +44 0207 774 1000
joseph.stein@gs.com
or
Katelyn Campbell (US), +1 617-502-4300
outsystems@pancomm.com
or
Laura Rijks (Netherlands), +31 (0)35-5822730
laura.rijks@marcommit.nl
or
Catia Gil (Portugal), +351 213 026 150
catia.gil@corpcom.pt
or
Paula Elliott (UK), +44 (0) 1189 497736
paula@c8consulting.co.uk
or
Melinda Ilagan (Singapore), +65 6303 0567
outsystems@preciouscomms.com

Source: OutSystems

Paris, 28 May 2018 – Apax Partners, Paris-based leading European private equity firm, has reached an agreement with The Carlyle Group to acquire 100% of the Dutch company Expereo, a global managed internet and cloud access provider, alongside the company’s management team who will continue to lead the business.

Expereo is one of the world’s largest managed internet network and cloud connectivity solutions providers, with more than 11,500 enterprise and government sites under management across over 190 countries. The company helps global enterprises in their digital transformation and has built long-term relationships with an impressive group of blue-chip clients and business partners. It has a strong track record of performance, reporting revenues of €92m in FY 2017.

With the support of Apax Partners, Expereo wishes to continue and accelerate its growth in the coming years, through enhancement of its product portfolio, complementary acquisitions and an ever higher level of excellence in the quality of the services delivered throughout the world.

The transaction remains subject to legal and regulatory approvals.

Altamir’s investment is expected to be in the region of €30m based on the upper limit of its commitment in the Apax France IX fund.

About Altamir

Altamir is a listed private equity company (Euronext Paris-B, ticker: LTA) founded in 1995 and with almost €800m in assets under management. Its objective is to provide shareholders with long term capital appreciation and regular dividends by investing in a diversified portfolio of private equity investments.

Altamir’s investment policy is to invest via and with the funds managed by Apax Partners SAS and Apax Partners LLP, two leading private equity firms that take majority or lead positions in buyouts and growth capital transactions and seek ambitious value creation objectives.

In this way, Altamir 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).

Altamir derives certain tax benefits from its status as an SCR (“Société de Capital Risque”). As such, Altamir is exempt from corporate tax and the company’s investors may benefit from tax exemptions, subject to specific holding-period and dividend-reinvestment conditions.

For more information: www.altamir.fr

Contact

Agathe Heinrich

Tel: +33 1 53 65 01 74

E-mail: investors@altamir.fr

• EQT VIII to acquire Facile.it, Italy’s leading online price comparison platform

• Facile.it helps approximately 20 million users in Italy to save money within motor insurance, energy, telecoms and personal financial products

• EQT VIII will support Facile.it’s continued growth journey by leveraging EQT’s strong TMT expertise, local angles and industrial network

The EQT VIII fund (“EQT” or “EQT VIII”) has entered into an agreement to acquire Facile.it (“Facile” or “the company”) from Oakley Capital and other minority owners. Oakley Capital will re-invest into the company while EQT VIII will have a majority ownership.

Founded in 2008, Facile is Italy’s leading online destination for consumers to compare prices for motor insurance, energy, telecoms and personal finance products. Today, Facile helps approximately 20 million users to compare prices and save money on key elements of their household expenditure, providing access and comparison to products from 80 providers. Facile has achieved an average annual top-line growth of 21% over the past five years and in 2017 the company generated approximately EUR 66 million in sales.

EQT VIII will support the continued development of Facile’s growth strategy. In addition to getting access to both operational and financial resources, the company will also be able to leverage EQT’s deep TMT sector expertise, Italian presence and global network of Industrial Advisors. Facile’s current management team, including CEO Mauro Giacobbe, will continue to lead the organization, building on a strong track record of growth.

“We are impressed by Facile’s management team and the high quality of the company’s service offering. Facile holds a true market-leading position in the online price comparison space, which it has successfully built over the past decade by helping millions of consumers to make smarter purchases. EQT looks forward to supporting Facile and the management team in their continued growth journey and expansion, both online and offline”, says Dominik Stein, Partner at EQT Partners, Investment Advisor to EQT VIII and Head of EQT TMT sector team.

Mauro Giacobbe, CEO at Facile comments: “We are very excited to have EQT as our new owner and look forward to working together closely. EQT’s industrial approach, global presence, local angle and broad network will be of great value to Facile as we embark on our next phase of growth. We believe that EQT’s entrepreneurial spirit will play an important part in our future success”.

Federico Quitadamo, Director at EQT Partners, Investment Advisor to EQT VIII, concludes: “EQT believes that Facile has the potential to continue grow significantly and look forward to partnering with the strong management team to accelerate the company’s expansion and consolidate its leading position in Italy across verticals and channels. The acquisition of Facile confirms EQT’s commitment to expanding its franchise in Italy and the continued pursuit for future investment opportunities in the country”.

The transaction is expected to close in June 2018. The parties have agreed not to disclose the transaction value.

Contacts
Dominik Stein, Partner at EQT Partners, Investment Advisor to EQT VIII, +49 892 554 99 508
Federico Quitadamo, Director at EQT Partners, Investment Advisor to EQT VIII, +41 442 666 802
EQT Press office, +46 8 506 55 334

About EQT
EQT is a leading investment firm with approximately EUR 50 billion in raised capital across 27 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About Facile.it
Facile.it is Italy’s leading online destination for consumers to compare prices for motor insurance, energy, telecoms and personal finance. Today, Facile helps approximately 20 million users to compare prices on key elements of their household expenditure providing access and comparison to products from 80 providers. Facile.it has achieved an average annual top-line growth of 21% over the past five years and in 2017 generated approximately EUR 66 million in sales.

More info: www.facile.it

Frankfurt, May 11, 2018. Ardian Private Debt and EQT Credit, through its Mid-Market investment strategy,
today announce they have provided a senior secured financing solution to support Hg’s (“Hg”) investment in
MediFox.
Founded in 1994, MediFox is a leading provider of software solutions to over 6,000 ambulatory care services,
elderly care homes and therapists in Germany. Its software solutions support care providers with key services
including resource and route planning, care and support documentation, management information systems, as
well as billing, factoring and administration services. It is headquartered in Hildesheim, Germany and employs
265 people.

Mark Brenke, Managing Director & Co-Head Ardian Private Debt, said: “As a financing partner, we are delighted
to be supporting the MediFox management team of Christian Städtler and Dr. Thorsten Schliebe together with
Hg who have a strong track record of investing in technology-enabled B2B service businesses. MediFox is the
leading software provider in the German care services market, leveraging its proprietary technology platform to
support the digitalisation of the care services segment”.

ABOUT ARDIAN
Ardian is a world-leading private investment house with assets of US$67bn 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 500 employees working from thirteen offices across Europe (Frankfurt, Jersey,
London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco) and Asia
(Beijing, Singapore, Tokyo). It manages funds on behalf of c.700 clients through five pillars of investment
expertise: Private Debt, Fund of Funds, Direct Funds, Infrastructure and Real Estate.

Follow Ardian on Twitter @Ardian
www.ardian.com

PRESS CONTACTS
ARDIAN
Headland
TOM JAMES
tjames@headlandconsultancy.com
Tel: +44 207 3675 240