Tag Archives: Information technology

Motive Partners announces acquisition of Finantix

Motive Partners

Finantix is a leading provider of technology enabling the digitalization of omni-channel advisory, sales and services processes for private banks, wealth managers and insurance companies. New York, London, 11 December 2018 –

Motive Partners today announced that it has signed an agreement to acquire a controlling interest in Finantix. Motive Partners will support Finantix and its founders in continuing to build out their market-leading suite of products and to expand their geographic footprint in to core growth markets.

Finantix is a financial technology provider with a focus on private banks, wealth managers and insurance companies. Finantix offers a suite of software components, accelerators, APIs and engines that collectively support the digitalization of sales, onboarding, advisory, products origination, services and transactions along the client life-cycle, across channels and devices for mass affluent to ultra-high net worth clients. The announced transaction follows strong financial results at Finantix, with the company having experienced significant growth in recent years.

Scott Kauffman, Partner at Motive Partners, commented: “Finantix founders Ralf Emmerich and Alessandro Tonchia, supported by a strong management team, have demonstrated their ability to create a compelling product and bring a leading technology platform to an ever-increasing set of blue chip clients. We are excited to back the Finantix team and together focus on opportunities to make Finantix a globally recognized leader in its space.”

Finantix has grown in recent years to over 250 specialists in 7 cities, with further expansion planned as Finantix and Motive Partners capitalize on the international opportunity, with substantial opportunities to continue to grow in Europe, Asia and to enter the US market. Motive Labs, the operational and technology value creation team of Motive Partners, will also work in conjunction with Finantix and its team to accelerate growth by supporting continued technology development and international expansion across Motive Labs’ international ecosystem. Other significant opportunities for value creation include further product development in response to strong customer demand and accelerated expansion through potential strategic acquisitions. Finantix founders and the current management team will continue to lead the company to achieve the shared vision and to ensure high service quality to all existing and future clients.

Ralf Emmerich, Co-founder of Finantix, commented: “Our rapid growth is based upon the strength of our front office and multi-channel components, which are recognized as best in class for their solid architecture, rich functionality, sophistication, flexibility and ability to enable effective sales, advisory, onboarding, product origination and management processes for private banks, wealth managers and insurance companies. Motive Partners’ experience growing financial technology businesses on a global scale, combined with their extensive network, makes them an ideal partner for the next stage of our growth.”

Andy Stewart, Industry Partner at Motive Partners, added: “We see substantial opportunity within this space, with Finantix well positioned to continue their strong growth. Motive Partners will bring to bear our sector-specialist expertise and capabilities to build on the company’s strong foundations to achieve our shared vision.”

 

Proskauer and EY served as advisors to Motive Partners in connection with the transaction. Osborne Clarke served as legal advisor to Finantix in connection with the transaction.

 

About Finantix

Finantix has a global customer base spanning over 45 countries, acquired over more than 15 years’ experience distilled into its flagship Finantix Components product and supported from eight offices across Europe, North America and Asia. Finantix Components are trusted by some of the world’s largest banks, insurers and wealth managers and offer a broad, solid and proven library of multi-country, multi-jurisdiction, multi-channel, omni-device reusable software modules, widgets, engines, connectors and APIs that help leading financial institutions digitize and transform key processes in the financial services industry.

 

About Motive Partners

Motive Partners is a sector specialist investment firm that is focused on technology enabled companies that power the financial services industry. Based in New York and London and comprised of investors, operators and innovators, Motive Partners brings differentiated expertise, connectivity and capabilities to create long-term value in financial technology companies. More information on Motive Partners can be found at www.motivepartners.com.

For more information please contact: Sam Tidswell-Norrish | M: +44 7855 910178 | pr@motivepartners.com

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Elysian Capital announces acquisition of Facilis Group in USA

Elysian Capital

Elysian Capital LLP (‘Elysian’) is delighted to announce that it has made its second investment into the promotional products sector following its investment in Brand Addition in May 2017.

Elysian has acquired Facilis Group (Facilis), a core service provider to more than 120 entrepreneur led distributor businesses (its Partners) in the fragmented $26bn North American promotional products industry.

Facilis provides unparalleled services to its Partners via a subscription based service providing best-in-class sales workflow and website technology, preferred supplier contracts and supply chain tools, and a vibrant community network. These three service pillars support and enable their Partners and preferred suppliers to grow.

Both Facilis and Brand Addition are market leading companies within their respective specialist sectors of the large and growing promotional products sector where they deliver unique services to their Partners and clients that set them apart from their competition. Brand Addition, itself a Facilis Partner in the US for ten years, provides the complex services necessary to support the promotional product programmes and agendas of large corporates across the US, Europe and Asia.

Whilst retaining their separate brands, growth strategies and management teams, Facilis and Brand Addition will be under common ownership within Elysian. There are a number of exciting opportunities for Facilis and its Partners with Brand Addition given the group’s combined business spend, enhanced geographic presence and continued investment in technology.

Dan Rochette, Martin Weber and Chuck Fandos, the former owners of Facilis, together with their wider management team all remain with the business.

 

Chuck Fandos, CEO of Facilisgroup said:

“Dan, Martin and myself believe that Elysian will be a strong investor as we continue to grow and evolve Facilis group. They share in our vision and mirror our mission to help our Partners be ever more competitive and successful.”

 

Tom Falcon, Chairman of The Pebble Group and Operating Partner of Elysian Capital LLP said:

‘We are really excited about our investment in FacilisGroup, our second in the industry. In Facilis we see a committed and extremely capable team helping their terrific community of Partners grow via their industry leading technology and supply chain.”

 

For further information, please contact:

Tom Falcon, Partner at Elysian Capital       tom@elysiancapital.com

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TA Associates to Invest in Netsmart Technologies

TA associates

BOSTON and OVERLAND PARK, KS – TA Associates, a leading global growth private equity firm, today announced that it has signed a definitive agreement to invest, alongside GI Partners, in Netsmart Technologies, Inc. (“Netsmart” or “the Company”).

Netsmart is a leading healthcare software company delivering management process solutions and electronic medical records to the health and human services (HHS) and post-acute end markets. TA Associates and GI Partners, a current shareholder in Netsmart, will acquire the stake in Netsmart held by Allscripts Healthcare Solutions, Inc. (NASDAQ: MDRX). The transaction is expected to close in the fourth quarter of 2018 and is subject to customary closing conditions. Financial terms of the transaction were not disclosed.

Founded in 1968, Netsmart provides software and services to the HHS and post-acute markets. The Company’s products, comprised primarily of electronic health records (EHRs) and related offerings, address the clinical, financial and administrative needs of its clients. The Netsmart suite includes care coordination, connectivity and integration, analytics, benchmarking, consumer engagement, mobility and telehealth offerings, among others. The largest provider of its kind in the United States, Netsmart serves more than 600,000 users from over 25,000 organizations across the country within four core areas: behavioral health, social services, care at home and senior living. The Company is headquartered in Overland Park, Kansas, with additional offices in Arkansas, California, Illinois, Missouri, New York, North Carolina and Ohio.

“We are excited to partner with the leading healthcare technology provider serving these growing and important end markets,” said Mark H. Carter, a Managing Director at TA Associates who will join the Netsmart board of directors. “Netsmart’s compelling attributes include a high-quality business model, a large and diversified customer base and software solutions that we believe are mission critical. We welcome the opportunity to work with Netsmart CEO Mike Valentine, whom we have known for many years, and with the investment professionals at GI Partners.”

“Since our founding, Netsmart has sought partners who share our commitment to excellence and quality healthcare outcomes,” said Mike Valentine, CEO of Netsmart. “TA Associates brings decades of experience investing in the healthcare industry and supporting efficiency, quality care and cost containment. Along with the team at GI, I am delighted to welcome TA as an investor and look forward to a close collaboration in continuing the evolution of Netsmart.”

Netsmart estimates the addressable market for HHS, home health, and long-term care software and technology solutions at $25 billion annually. According to the Company, the U.S. market for its core product offering is approximately $14.5 billion, with behavioral health comprising nearly half of that figure.

“Increasingly complex clinical, billing and regulatory requirements, and the need to measure and report patient outcomes, are accelerating the adoption of Netsmart’s software solutions,” said Hythem T. El-Nazer, a Managing Director at TA Associates who also will join the Netsmart board of directors. “In addition, as the HHS and post-acute industries continue to consolidate and expand, the need for technology solutions to coordinate care and drive efficiency will grow. As the leader addressing the unique and complex billing needs of customers spanning the continuum of care, we believe that Netsmart is very well positioned for continued growth.”

Kirkland & Ellis is providing legal counsel and Deloitte is serving as financial advisor to TA Associates.

About Netsmart
Netsmart designs, builds and delivers electronic health records (EHRs), solutions and services that are powerful, intuitive and easy-to-use. The Company’s platform provides accurate, up-to-date information that is easily accessible to care team members in behavioral health, care at home, senior living and social services. Netsmart makes the complex simple and personalized so clients can concentrate on what they do best: provide services and treatment that support whole-person care. By leveraging the powerful Netsmart network, care providers can seamlessly and securely integrate information across communities, collaborate on the most effective treatments and improve outcomes for those in their care. The Company’s streamlined systems and personalized workflows put relevant information at the fingertips of users when and where they need it. To learn more about how Netsmart is changing the face of healthcare today, please visit www.ntst.com.

About TA Associates
Now in its 50th year, TA Associates is one of the largest and most experienced global growth private equity firms. Focused on five target industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in growth companies. TA has raised $24 billion in capital since its founding in 1968 and is committing to new investments at the pace of $1.5 to $2 billion per year. The firm’s more than 85 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.

 

 

 

 

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BBS Automation acquires industrial software specialist ANT

eqt

EQT portfolio company BBS Automation today announced the add-on acquisition of ANT – a leading developer of innovative “Industry 4.0” solutions that digitize production workflows in large-scale manufacturing processes.

Headquartered in Munich, Germany, BBS Automation develops flexible and high-quality automation solutions for complex manufacturing and testing processes. With production sites in Germany, the US, China and Malaysia, BBS Automation supports a diverse network of blue-chip customers on a global scale. EQT Mid Market Europe and EQT Mid Market Asia III jointly invested in BBS Automation alongside its founding families to support the growth ambitions of the company both organically and through add-on acquisitions.

BBS Automation and ANT – expanding offering of digital factory solutions

Better utilization of data analytics and IoT technologies represent an enormous opportunity for manufacturing companies across all sectors. The ability to increase the efficiency of assembly processes, allow for more rigorous testing and quality management practices as well as to enable predictive maintenance are only some of the manifold potentials that can be provided by integrated digital factory solutions.

In order to expand its offering in this regard, BBS Automation acquired the industrial software specialist ANT Sp. z o.o, a developer of highly innovative “Industry 4.0” solutions headquartered in Kraków, Poland. Founded in 2006 by Jerzy Fulara and Andrzej Jarosz, ANT has developed a core platform (“AOS”) that can be combined with highly customized software modules tailored to the specific needs of each customer.

Among other features, solutions of ANT include digital dashboards to visualize production workflows, data analysis tools to optimize machine efficiency, assistants to enable predictive maintenance and tools to digitize processes like documentation and quality control. One key strength of ANT’s solutions is the high compatibility with existing hardware and software infrastructures. Data can be drawn from a wide range of available machine sensors, complemented with ANT data acquisition modules wherever required. Analyses can subsequently be fed into a wide range of ERP-systems. This makes ANT a valuable partner for the digital transformation of existing factories, proven in more than 450 system implementations in more than 30 countries to date.

The combination of BBS Automation’s deep industrial automation expertise with ANT’s experience in software and data analytics will strengthen the ability to jointly develop integrated “Industry 4.0” solutions.

Uwe Behr, Co-founder of BBS Automation, comments: “In ANT we found our ideal counterpart among industrial software developers: ANT draws on a remarkable sector experience and truly understands the needs of its customers in their respective end markets, acting in close partnership with its clients to develop customized solutions of highest quality. With every new implementation they expand their ‘toolkit’ of capabilities. We are looking forward to partner up with its founders to combine our capabilities and jointly develop new innovative solutions that will allow our customers to master the digital transformation of their assembly and testing processes.”

Andrzej Jarosz, CEO and Co-founder of ANT adds: “Over the course of the last twelve years we expanded the depth and scope of our solution offering and were looking for a strong partner to further accelerate our growth. Our customers increasingly request us to serve them on a global scale. The global platforms of BBS Automation and EQT will allow us to better serve customers internationally. In addition, we see strong demand for our solutions in new end markets that BBS Automation already serves today and for which we will now work on customized solutions together.”

Andreas Fischer, Partner at EQT Partners and Investment Advisor to EQT Mid Market Europe concludes: “Both BBS Automation and ANT have a strong entrepreneurial culture and share a passion to build best-in-class solutions for their customers. EQT is thrilled to support this add-on acquisition only six months after investing in the company. This transaction is a strong fit, not only in terms of synergistic technologies and geographic expansion potential, but especially in terms of the cultural fit of both businesses and we welcome the decision of ANT’s founders to stay on board. EQT looks forward to jointly develop BBS Automation’s positioning as a key enabler of Industry 4.0 production systems.”

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Vagaro Raises $63 Million in Growth Equity Led by FTV Capital

FTV Capital

Online booking, payments and business management platform for salons, spas and fitness businesses expands technology offering to meet digital demand

Dublin, CA — Vagaro, a leading cloud-based business management platform for the salon, spa and fitness industry, today announced the company has raised a $63 million growth equity round, its first institutional capital, led by FTV Capital. The company will continue to invest in cloud-based, industry-specific technology to help businesses of any size optimize operations, reduce complexity and seamlessly process payments. In addition, Vagaro will expand its sales and marketing team and geographic footprint. Vagaro will benefit from FTV’s Global Partner Network®, which includes executives from the world’s leading financial services and payments companies, and the firm’s experience in scaling high growth companies that operate in specialty industry verticals. As part of the transaction, FTV Capital partner Robert Anderson and FTV Capital managing partner Richard Garman will join the Vagaro board of directors.

Vagaro’s platform successfully meets the needs of a digital-first, productivity-focused millennial generation by providing salon, spa and fitness business owners with a powerful and comprehensive suite of back-office and consumer-facing business management software solutions, including appointment booking, calendaring, client management, marketing, reporting, payroll, inventory management and payment acceptance.

Most recently, Vagaro added a form builder to collect registrations, waivers and surveys to its highly customizable platform, leaving the company uniquely positioned to aggressively compete in the fitness management software segment. The company also added a competitively priced multi-transaction EMV reader to its point-of-sales solutions, making EMV payment processing even faster and more convenient for U.S. business owners.

In addition to automating and streamlining business processes, Vagaro connects businesses to consumers who are searching for spa, salon and fitness services via Vagaro.com, an online marketplace, and via the easy-to-use Vagaro booking app.

“I feel privileged to have led Vagaro’s talented team for the past 10 years. Our company has completely transformed — moving from delivering industry-changing salon software technology to offering a full suite of industry-specific business management solutions coupled with a powerful online marketplace,” said Vagaro founder and CEO Fred Helou. “Vagaro’s partnership with FTV Capital opens up exciting new possibilities for us, including the expansion to additional international markets, and will usher in a new chapter in the company’s growth story. Thanks to our compelling price point and newer technology, we are perfectly positioned to compete against slow-moving, more traditional industry players.”

“We are energized by our new partnership with FTV Capital, a firm that has helped many high growth companies, like Vagaro, build on their success to best meet customer needs,” said Kerry Melchior, Vagaro’s chief of operations. “Our near-term plans include expanding the range of payment solutions and digital functionality for our clients, while continuing to deliver the highest quality, easiest to use solutions with superior customer service.”

“Vagaro’s innovative and integrated product suite makes it easy for businesses to run all aspects of their operation from attracting and retaining customers to managing day-to-day activities to accepting payments,” said FTV partner Robert Anderson. “The Vagaro team is well-positioned to continue to capitalize on secular growth trends across the more than $9 billion global health and wellness market, and we are excited to provide the capital and strategic support for this next phase of growth.”

ABOUT VAGARO

Vagaro, Inc. develops all-in-one business management platforms and powerful online marketplaces for the salon, spa and fitness industries. Businesses in the United States, Canada, the United Kingdom and Australia use Vagaro’s cloud-based software to manage all aspects of their operations and to market their services to local customers. Consumers choose Vagaro to search for and book services in their community at their convenience. Vagaro is easy-to-use and works on any device. Learn more by visiting Vagaro.com and https://sales.vagaro.com.

ABOUT FTV CAPITAL

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 106 portfolio companies, including CardConnect, CashStar, EBANX, Enfusion Systems, Clearent, NeonOne, VPay and WorldFirst. FTV has offices in San Francisco and New York. For more information, visit www.ftvcapital.com.

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DataCenter Finland adds Adelis to ownership base – aim is to create the leading IT services company focusing on the SME segment in Finland

Adelis Equity

DataCenter Finland (DCF) has in recent years grown organically and through acquisitions into Finland’s leading independent cloud provider. Now DCF has decided to accelerate its growth. Supported by Adelis Equity Partners the goal is to become the leading Finnish IT services provider focusing on mid-sized companies.

DataCenter Finland has in recent years become the leading provider of cloud services to mid-sized companies. The company has invested significantly into its operations by building a strong IT infrastructure and cloud services focused organization and by building two modern datacenters. Organic growth has been accelerated by acquisitions and the company’s turnover is expected to exceed 20 million euros in 2018.

To enable its next growth phase, including larger acquisitions, DCF has partnered with Adelis. DCF’s aim is to create the leading IT services provider focused on mid-sized companies in Finland by investing heavily into its own organization and by pursuing further acquisitions.

”After building a strong foundation within IT infrastructure and private cloud services, we want to evolve into a holistic IT services provider. Our plan is to expand our offering especially within information security, holistic IT architecture and modern end-user solutions coupled with excellent service desk and onsite support services. Our strong customer relationships and our organization’s deep technical expertise creates a strong platform from which to introduce these new services. We are excited to get a strong partner to support us on this path. The Adelis team’s previous experience from the Danish and Swedish IT services markets brings very valuable know-how to us”, says Atte Kekkonen, CEO of DataCenter Finland.

”It is highly motivating for us at Adelis to join forces with DCF. We have previously supported IT Relation and AddPro in becoming the leading IT services providers focused on mid-sized companies in Denmark and Sweden. Now we have found a partner in Finland to support on a similar journey. DCF’s strong IT infrastructure capabilities create a good base for the planned broadening of the service offering. The biggest winner from this development will be the Finnish SME sector”, says Rasmus Molander from Adelis.

Adelis becomes the majority owner of DCF through the transaction. The company’s current owners, including management, will remain as significant owners. In addition, the founder and CEO of AddPro, Nicklas Persson, will invest into DCF and join its board of directors. The transaction is subject to customary regulatory approvals.

For further information:

DataCenter Finland: Atte Kekkonen, CEO, +358 40 505 5020

Adelis Equity Partners: Rasmus Molander, Partner, +46 730 823 74 33

Adelis Equity Partners: Joel Russ, Partner, +46 73 543 90 68

DataCenter Finland

DataCenter Finland is an IT infrastructure and cloud services provider focused on mid-sized companies. Local customer service is the foundation for all of its operations. The company has revenues of approximately EUR 21 million, operates two modern datacenters in the Helsinki capital region and employs c. 80 IT experts.www.datacenter.fi

Adelis Equity Partners

Adelis is an active partner in creating value at mid-sized Nordic companies. Adelis was founded with the goal of building the leading middle market private equity firm in the Nordics. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, acquiring 18 companies and making more than 40 add-on acquisitions. Adelis now manages approximately €1 billion in capital. For more information please visitwww.adelisequity.com.

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Main Capital acquires strategic stake in RegTech software specialist cleversoft

Main Capital

Main Capital has acquired a strategic stake in cleversoft, a Munich-based RegTech software specialist. With scalable SaaS solutions, cleversoft enables financial institutions to efficiently comply with the ever-increasing regulatory challenges in the financial industry.

 cleversoft was founded in 2004 and grew out to a leading software specialist in the RegTech market. With its 80 plus employee workforce, cleversoft helps financial institutions to efficiently comply with a growing number of complex regulations. The company supports globally-acting banks, asset managers and insurers to tackle regulatory challenges under regimes such as PRIIPs, MiFID II, PIB, FIDLEG and AML-regimes. The Services for these regulations are underpinned with lifecycle management solutions including customer relations (CRM) and marketing processes. The company currently serves over 200 international customers.

In recent years, financial institutions have been under increasing pressure to comply with more regulations with limited resources. It is expected that the multitude of financial regulation, its increasing complexity and the strong enforcement of financial authorities will increase the demand for smart regulatory solutions and spur growth of the RegTech market for the coming years.

 Under these market conditions, cleversoft aims to grow towards a market leading RegTech player in the European market through organic growth and a synergetic buy-and-build strategy. In addition to maintaining its strong growth trajectory, an explicit focus lies on smart add-on acquisitions in order to expand into adjacent market segments as well as to further internationalize.

Cooperation cleversoft – Main Capital

Florian Clever (Managing founder of cleversoft): “The RegTech market is accelerating under the increased pressure and complexity of regulation in the financial industry. At the same time, the market for smart regulatory solutions is underserved and extremely fragmented. We are excited that the cooperation with Main allows us to capitalize on these observations and to further expand our product offering through an add-on strategy. Their proven track-record in consolidation strategies and software expertise make them the ideal partner to support cleversoft in our next growth stage.

 Charly Zwemstra (Managing Partner Main Capital): “cleversoft has demonstrated an impressive profitable growth path over the last few years. The company offers highly-scalable regulatory reporting solutions for the financial industry. With its products, the company supports the financial industry to overcome the increasingly complex regulatory challenges. We see strong organic growth opportunities for cleversoft in this market. Moreover, through an active buy-and-build strategy, we see ample opportunities for cleversoft to expands its product offering and to enter adjacent market segments, both in Germany and abroad. Currently we are also invested in SecondFloor, an Amsterdam-based Regtech company with a focus on the insurance & pensions industry”.

Cleversoft

 About cleversoft

cleversoft is a market-leading regulatory reporting specialist for the financial industry. The company offers cloud based proprietary PRIIPs and MiFID II SaaS-solutions. Through an intuitive interface and lean integrations with back-end systems, cleversoft’s products enables financial players to efficiently harness highly-complex regulations.

About Main Capital

Main Capital is a strategic investor with an exclusive focus on the software sector in the Benelux, Germany and Scandinavia. Within this sector, we are the most specialized party in management buy-outs and later-stage growth capital. Main Capital has approximately € 400 million under management for investments in mature but growing software companies in the Netherlands and Germany. An experienced team of professionals manages these Private Equity funds from offices in The Hague and Düsseldorf.

In addition to cleversoft, the current investment portfolio of Main Capital consists of growing (SaaS) software companies such as Enovation, SDB Ayton, GOconnectIT, JobRouter (Germany), Inergy, MUIS Software, artegic (Germany), OBI4wan, Axxerion, b+m Informatik (Germany), Ymor, Roxit, Onguard, Sharewire, SecondFloor, Sofon and ChainPoint. Main Capital also has an interest in managed hosting provider Denit. Main Capital has a long-term perspective with the intention to build larger strong software groups.

Note for the editor:

This press release is issued by Main Capital. For more information, please contact:

Charly Zwemstra (Managing Partner)
Main Capital Partners BV, Paleisstraat 6, 2514 JA, Den Haag
Tel: +31 (0) 70 324 3433 / +31 (0) 6 512 77 805
charly@main.nl
www.main.nl

For more information in German, please contact:

Sven van Berge Henegouwen (Partner)
Main Capital Partners GmbH, Rathausufer 17, 40213, Düsseldorf
Tel: +49 (0) 211 7314 9339 / +31 (0)70 324 34 33
sven@main.nl
www.main.nl

Florian Clever (Managing Partner)
cleversoft group, Paul-Heyse-Str.6, 80336 München
Tel: + 49 (0) 89 288 5111 0
fc@clever-soft.com
www.clever-soft.com

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The Leipzig and Erfurt based logistics platform company Pamyra.de has successfully completed a seven-digit seed financing round

BM-T

The Pamyra.de team is pleased to have reached an important milestone in the company´s development: its first seven-digit investment that will provide the needed capital to further pursue its rapid growth strategy. The round was led by Beteiligungsmanagement Thüringen GmbH (bm|t), which made the investment together with the Technologiegründerfonds Sachsen (TGFS) and three private business angels. InnoEnergy, the previous lead investor from the pre-seed round, also participated in the capital increase. Felix Wiegand, founder and CEO of Pamyra.de GmbH considers this investment a «great demonstration of trust from current and new investors in the Pamyra.de team.»

The bulk of the investment will be deployed in product development and marketing. In addition, a head of business development has been added to the team. «We have a lot to accomplish in the coming year and look forward to maximizing the potential of our unique platform,» commented Wiegand. With additional developers, a bigger marketing budget, and further additions to the team, Pamyra.de is well armed for rapid growth. Wiegand added, «it’s great to see how the team has grown and united around only one goal: to make Pamyra.de the premier discovery and booking platform for transport and logistics.»

Although the development of Pamyra.de has been impressive, the competition for the large market in the digitalization of logistics services is intense. Wiegand is confident that the Pamyra.de team is up to the challenge: «With our dynamic comparison concept, we created an unprecedented offering in the logistics industry that creates value for both senders and logistics companies.» With this USP Pamyra.de is convinced it will reshape the logistics industry and continue on its strong growth path.

 

About Pamyra GmbH:
Pamyra.de is an independent comparison and booking platform for transport and logistics. The company was founded in 2016 by Felix Wiegand and Steven Qual in Erfurt. In March 2017, the platform officially went live. With its service Pamyra.de enables the customer to get an overview of the transport offers on the market and to book a suitable offer within seconds.
www.pamyra.de

 

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Ardian signs agreement to acquire a stake in Technology & Strategy

Ardian

Paris, November 22, 2018 – Ardian, a world-leading private investment house, announced today that it has entered into exclusive negotiations with Dzeta Group, the investment firm, to acquire a share in Technology & Strategy (“T&S”), a European specialist in new technology consulting. Following the completion of the transaction, a number of managers from T&S will invest in the company.

Founded in 2008 and headquartered in Strasbourg, with strong French and German roots, T&S specializes in engineering, IT, digital and project management consulting in Europe, the United Kingdom and Southeast Asia, notably through its expertise in embedded systems. With 16 offices across six countries, T&S works closely with its clients to address a wide range of technological challenges. The Group has around 1,200 employees and operates in fast-growing niches in sectors such as automobile, healthcare, finance and luxury.

T&S has experienced strong organic growth of 46% p.a. since its inception in 2008, and has successfully completed several acquisitions. These include Antaes, technology consulting firm (Switzerland and Singapore) in 2014; Octelio Conseil, data-driven digital marketing specialist (France) in 2015; Arias/Maia, engineering consulting group (France); and Lormatech, industrial projects management consulting firm (France) in 2017. Following the strategic partnership with Ardian, T&S will continue to consolidate its presence in existing markets as well as developing its international footprint.

Jérémie Huss, Co-founder and CEO of T&S, said: “We are proud of the progress we have made with Dzeta and are now entering a new phase of our development. This strategic partnership with Ardian will allow us to target new geographies to carry out external growth.“

François Jerphagnon, Head of Ardian Expansion, added: “We are truly impressed with T&S’s strong track record since its inception in 2008. This acquisition is in line with Ardian Expansion’s strategy of partnering with ambitious companies seeking to expand outside their domestic market. This stands to be a promising partnership which will not only accelerate the Group’s growth, but also strengthen the management’s stake in T&S.”

Marie Arnaud-Battandier, Managing Director at Ardian Expansion, concluded: “Within 10 years, thanks to the quality of its teams, T&S has established itself as a leader in its market and has built a strong reputation thanks to its innovative approach. We are excited to begin working with the Group’s team whose entrepreneurship and ambitious vision mirrors the core values of Ardian Expansion.”

Claude and Grégoire Darmon, Founders of Dzeta Group, added: “We would like to warmly thank all the team of Technology & Strategy, congratulate them, and wish every success in this new adventure in which we are delighted to re-invest.”

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$82bn managed or advised in Europe, the Americas 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 550 employees working from fourteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo). It manages funds on behalf of more than 750 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Ardian on Twitter @Ardian
www.ardian.com

ABOUT TECHNOLOGY & STRATEGY

Technology & Strategy is a company founded in 2008. T&S specializes in engineering, IT, digital and project management consulting and works closely with its clients to address a wide range of technological challenges. T&S has also an integrated R&D center to follow market needs. People oriented and focused on excellence, T&S is a company which shares its expertise with a constant search for transparency. Technology & Strategy has learnt how to build trustful relationships with major clients of different sectors: notably industry, automobile and finance. T&S is a global company with a strong French and German root. The company defends an entrepreneurship model supported by its 1,200 employees, composed of 30 nationalities across 16 agencies and 6 countries (France, Germany, Switzerland, Belgium, United Kingdom and Southeast Asia).
www.technologyandstrategy.group/fen/
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ABOUT DZETA GROUP

Founded in 2009, Dzeta Group specializes in the Mid Cap segment and takes majority stakes in European
Companies with strong growth potential. Dzeta Group, has completed around 20 investments since its creation in sectors such as services, distribution TMT and industry.

LIST OF PARTICIPANTS

Ardian: Francois Jerphagnon, Marie Arnaud-Battandier, Arthur de Salins, Thomas Grétéré, Claire d’EsquerreLegal and financing advisor: Latham & Watkins (Olivier du Mottay, Lionel Dechmann, Benedicte Large Brémond, Aurélie Buchinet)
Tax structuration: Delaby & Dorison (Emmanuel Delaby, Florian Tumoine)
M&A advisor to the buyer: UBS (Fabrice Scheer, Renaud Tochon)
Commercial Due Diligence: Accenture Strategy (Sébastien Amichi, Romain Le Guen)
Financial Due Diligence: Alvarez & Marsal (Frédéric Steiner, Simon Regad)
Legal, tax, social Due Diligence: Taj (Olivier Venzal)
Insurance Due Diligence: Satec (Pierre Le Morzadec, Stéphane Arseau)

Dzeta Group: Claude Darmon, Grégoire Darmon

M&A advisor to the sellers: DC Advisory (Eric Hamou, Frédéric Meyer, Xavier Souvras, Léa Cichowlas)
Legal advisor to the sellers: Cohen & Gresser (Muriel Goldberg-Darmon Johannes Jonas, Angeline Duffour, Guillaume Guerin, Antoine Philippe),
Legal advisor management: Scotto (Isabelle Cheradame, Magda Picchetto)
Legal advisor Dzeta’s reinvestment: Frieh associés (Emmanuel Scialom)
Financial VDD: Eight Advisory (Stephane Vanbergue, Edouard de Nettancourt)
Legal&Tax VDD: PwC Avocats (Jerome Gertler, Edith Baccichetti)

PRESS CONTACTS

ARDIAN
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SIMON ZAKS
Tel : 01 53 70 74 63
szaks@image7.frANNE-CHARLOTTE CREAC’H
Tel : 01 53 70 94 21
accreach@image7.fr

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KKR to Acquire GeoStabilization International® from CAI Capital Partners

KKR

Marks KKR’s Third U.S. Industrials Middle-Market Deal This Year

COMMERCE CITY, Colo. & NEW YORK–(BUSINESS WIRE)–Nov. 19, 2018– Global investment firm KKR has entered into an agreement to acquire GeoStabilization International® (“GSI” or the “Company”), a leading provider of geotechnical maintenance services for critical infrastructure across the United States and Canada, from CAI Capital Partners (“CAI”). This transaction marks KKR’s third acquisition of a middle-market business in the industrials sector this year. The transaction, the financial details of which were not disclosed, is being funded through KKR’s Americas XII Fund.

GSI is a leading provider of landslide repair and rockfall mitigation services in the United States and Canada, developing and implementing innovative solutions that remediate geohazards in order to restore the safe operability of impacted infrastructure. The Company has established a strong reputation for its ability to serve as a partner of choice due to its national scale, as well as its integrated design, engineering, and execution capabilities. GSI focuses solely on its core mission of geohazard mitigation, with a passion across all its teammates for developing and installing proprietary solutions that protect people and infrastructure from the dangers of geohazards. Due to GSI’s unique focus, the Company is an innovation leader in its approach of using integrated teams of geologists, geotechnical engineers, and remediation technicians who work hand in hand leveraging proprietary and patented GSI technologies including their Soil Nail Launcher, Biowall System, ScourMicropiles, and SuperNails.

“We are thrilled to work with GSI and its leading management team to build upon the Company’s track record of excellent service in improving the safety of our infrastructure as GSI enters this new chapter,” said Pete Stavros, Member of KKR and Head of KKR’s Industrials investment team. “We have been particularly impressed by GSI’s long track record of strong organic growth, which we attribute to the Company’s innovative technology offerings, focus on customer service and responsiveness, and strong leadership under CEO Colby Barrett and his team. Given the importance of GSI’s many employees to the Company’s success, in partnership with Colby, we plan to implement a broad-based employee ownership and engagement model at GSI, similar to what we have done at our other industrials portfolio companies.”

Colby Barrett, GSI CEO, said, “We are very excited to work with KKR as we enter this new phase of our growth. KKR shares our vision for a strong, employee-focused culture, our relentless focus on safety, and our enthusiasm to invest in innovation to deepen our service capabilities and even better serve our customers across markets. We would also like to thank CAI for the support they have provided, which has helped us to build this current foundation upon which we will continue growing.”

Over the past seven years, KKR’s Industrials team has focused on employee engagement as a key driver in building stronger businesses. The cornerstone of the strategy has been to allow all employees to take part in the benefits of ownership by granting them the opportunity to participate in the equity return directly alongside KKR. KKR also supports employee engagement by investing in training across multiple functional areas, driving improvements in worker safety and by partnering with the workforce to give back in the community.

This transaction, which is subject to regulatory approvals and other customary closing conditions, is expected to close by year-end 2018. Fully committed financing has been led by lead arrangers UBS Securities LLC and KKR Capital Markets. KKR was advised in the transaction by Kirkland & Ellis LLP. GSI and CAI were advised by William Blair and Perkins Coie LLP.

About GeoStabilization International®

Founded in 2002, GSI is a leading provider of complex geotechnical maintenance services for critical infrastructure across the U.S. and Canada. The company develops and implements innovative solutions that protect from dangers associated with geohazards that have either caused, or have the potential to cause, catastrophic infrastructure failures and significant economic disruption. For more information, please visit www.geostabilization.com.

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners 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. Inc. (NYSE:KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

For more information about KKR’s Industrials team and the employee engagement model please visit the KKR Industrials page on LinkedIn, @KKR_Industrials on Twitter and KKR Industrials on YouTube.

About CAI Capital Partners

CAI Capital Partners is a Vancouver-based private equity firm focused on partnering with and growing founder-owned businesses in the Canadian lower middle market. Over three decades, CAI has invested C$1.4 billion into companies across North America. For additional information about CAI, please visit www.caifunds.com.

Source: KKR

Media
KKR
Kristi Huller or Samantha Norquist, 212-750-8300
media@kkr.com

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