Tag Archives: Investments

Thoma Bravo Completes $22.8 Billion Fundraise

Thomabravo

SAN FRANCISCO and CHICAGO—Thoma Bravo, a leading private equity firm focused on the software and technology-enabled services sectors, today announced the completion of fundraising for three funds totaling more than $22.8 billion in capital commitments: Thoma Bravo Fund XIV, a $17.8 billion fund, Thoma Bravo Discover Fund III, a $3.9 billion fund, and Thoma Bravo Explore Fund, a $1.1 billion fund (the “Funds”). Each fund reached its hard-cap and was significantly oversubscribed. These closings bring Thoma Bravo’s assets under management to more than $70 billion, and the new funds significantly enhance the firm’s capacity to invest in high quality software and technology companies around the world.

“We are grateful to our investors for their tremendous support and their continued confidence in our investment strategy,” said Orlando Bravo, a founder and managing partner at Thoma Bravo. “Over the last 20 years, and over the course of more than 260 transactions, we’ve seen firsthand how well software can perform with the right investment and operational guidance. These three new funds position us to continue executing on our investment approach of buying high quality software companies with experienced management teams, loyal customers and strong product offerings, to accelerate their growth and innovation.”

Thoma Bravo Fund XIV is expected to target large equity investments and is the largest flagship fund in the firm’s history; Thoma Bravo Discover Fund III is expected to make middle-market equity investments; and Thoma Bravo Explore Fund is expected to make lower middle-market equity investments. The Funds received strong support from Thoma Bravo’s network of investors including sovereign wealth funds, public pension funds, multinational corporations, insurance companies, fund-of-funds, endowments, foundations and family offices.

The Funds follow an active year for Thoma Bravo on both the buy and sell side, with investments and realizations representing over $20 billion in combined enterprise value, including the $11 billion sale of Ellie Mae to Intercontinental Exchange.

Thoma Bravo has a more than 20-year track record of partnering with management teams of software and technology companies to implement best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings with the goal of creating the company’s value. The firm has acquired more than 260 software companies across a range of industries, including healthcare IT, security, financial technology, infrastructure and applications. Today, the firm’s private equity software portfolio includes over 40 companies that generate approximately $15 billion of annual revenue and employ over 45,000 staff around the world.

“The accelerated digital transformation across all industries has underscored how essential software is for commerce and business continuity as well as its continued resilience,” said Jennifer James, managing director, head of investor relations and marketing at Thoma Bravo. “Our investors recognize that our deep experience and track record in enterprise software have positioned us to take advantage of these industry dynamics and the opportunities in the market. As stewards of their capital, we greatly appreciate their support and look forward to applying our software expertise with a goal of continuing to drive successful outcomes for our investors.”

Kirkland & Ellis served as legal advisor for the Funds.

About Thoma Bravo, L.P.
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With more than $70 billion in assets under management as of June 30, 2020, Thoma Bravo partners with a Company’s management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. The firm has offices in San Francisco and Chicago. For more information, visit www.thomabravo.com.

Read the release on the PR Newswire website here.

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Sale of EQT Credit to Bridgepoint completed

eqt

Following the signing of a definitive agreement in June 2020 to sell the Credit business segment to Bridgepoint (the “Transaction”), EQT AB (“EQT”) today announces that the Transaction has been completed. All necessary closing conditions, including regulatory, anti-trust and fund investor clearances, have been achieved. The Transaction concludes the review of future strategic options for the business segment and gives Credit a new owner to support its growth prospects. It also permits EQT to further focus its efforts on building scalable value-add strategies focused on active ownership.

The proceeds will be used to continue to deliver on EQT’s defined growth strategy. The Credit business segment was reported as discontinued operations in the half year 2020 report.

JP Morgan has acted as financial advisor and Kirkland & Ellis and Travers Smith as legal advisors to EQT on the Transaction.

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
Nina Nornholm, Head of Communications, +46 70 855 03 56
EQT Press Office, press@eqtpartners.com

About EQT
EQT is a purpose-driven global investment organization with a 25-year track-record of consistent investment performance across multiple geographies, sectors, and strategies. EQT has raised more than EUR 75 billion since inception and currently more than EUR 46 billion in assets under management across 16 active funds within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in 17 countries across Europe, Asia Pacific and North America with more than 700 employees.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

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CapMan to publish its 1–9 2020 Interim Report on Thursday 29 October 2020

CapMan Plc press release
22 October 2020 at 8.30 a.m. EEST

CapMan to publish its 1–9 2020 Interim Report on Thursday 29 October 2020

CapMan will publish its 1–9 2020 Interim Report on Thursday 29 October 2020 around 8.30 a.m. EET. The company will present the results for the review period over a webcast press conference starting at 10.00 a.m. EET accessible at https://capman.videosync.fi/2020-q3-results. The conference will be held in English. The report and presentation material will be available at CapMan’s website (https://www.capman.com/shareholders/financial-reports/).

Webcast participation does not require advance registration. Due to the covid-19 pandemic, we will not arrange an in-person press conference at our office.

For further information, please contact:
Linda Tierala, Director, Communications and IR, tel. +358 40 571 7895, linda.tierala@capman.com

Webcast:
29 October 2020 at 10.00 a.m. EET
https://capman.videosync.fi/2020-q3-results

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. With over €3 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, fundraising advisory, and analysis, reporting and wealth management services. Altogether, CapMan employs around 150 people in Helsinki, Stockholm, Copenhagen, London and Luxembourg. We are a public company listed on Nasdaq Helsinki since 2001 and a signatory of the UN Principles for Responsible Investment (PRI) since 2012. Read more at www.capman.com.

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EQT AB (publ) Q3 announcement 2020

eqt

CEO COMMENT – THIRD QUARTER 2020
”The third quarter of 2020 has been busy with activities across the board. On the transaction side, EQT’s thematic investment strategy continues to identify and execute attractive opportunities, with Danish based Natural Colors being a good example of a company supported by the sustainable consumer health and environmental megatrends. In total, we signed investments of EUR 6 billion and the pipeline continues to look stable. The portfolio value creation agenda is on track, but market uncertainties related to the pandemic remain. Even though only a few of the portfolio companies operate in the hardest hit sectors, a second wave and a prolonged pandemic may have a negative impact across the portfolio. Looking ahead, a number of strong EQT fund portfolio companies are being prepared for exits, should market conditions remain supportive.

There is a good demand for EQT funds, with the EQT IX and EQT Infrastructure V fundraisings running according to plan. In early October, EQT Real Estate II was closed at EUR 1 billion. I am also excited about the launch of EQT Growth, another core area for EQT’s future expansion. With numerous growth opportunities in existing strategies and the launch of new strategies, we see the need to accelerate investments in people and our platform into 2021. Looking forward, we will continue our purpose-driven approach, both in EQT AB and the portfolio. We see continued structural growth and interesting long-term opportunities for EQT while remaining vigilant for risks.”

Christian Sinding, CEO

HIGHLIGHTS DURING THE THIRD QUARTER 2020

  • Total investments by the EQT funds in the quarter amounted to EUR 6.0bn
  • Investments announced during the quarter include IFS in Sweden (EQT IX and EQT VIII), idealista in Spain (EQT IX), Chr. Hansen Natural Colors in Denmark (EQT IX), Colisée in France (EQT Infrastructure V), EdgeConneX in the US (EQT Infrastructure IV) and the launch of a joint-venture to build rental homes in the UK (EQT Real Estate II)
  • Total gross fund exits in the quarter amounted to EUR 1.9bn
  • Expected value creation (Gross MOIC) remains ”On plan” in key funds in Private Capital and Real Assets, while EQT Infrastructure III, as of September 30, 2020, continued to develop ”Above plan”
  • EQT IX was activated and started generating management fees, as announced on July 14, with EUR 13.3bn of commitments as per September 30, 2020
  • EQT VIII had a step-down in AUM-base of EUR 3.4bn
  • The hard cap for EQT Infrastructure V was announced at EUR 15.0bn. EQT AB currently expects to recognize management fees from EQT Infrastructure V from November 1, 2020
  • The hard cap of EUR 1.0bn for EQT Real Estate II was reached
  • Investment level in key funds as of September 30, 2020, excluding events after the reporting period: 15-20% in EQT IX (0%), 80-85% in EQT Infrastructure IV (50-55%) and 5-10% in EQT Infrastructure V (0%)
  • EQT VII Gross MOIC increased from 1.7x in the second quarter to 2.0x in the third quarter
  • The divestment of Credit is expected to close during the fourth quarter
  • Following high activity level throughout the organization and in preparation for the next step of EQT’s growth journey, investments in personnel will be accelerated in the coming quarters to future-proof e.g. Client relations and capital raising, EQT technology and Fund management
  • From September 24, 2020, Partners continue to be subject to lock up agreements towards EQT AB, with the right to pledge shares to a bank, as described in the IPO prospectus. Further, EQT AB has granted waivers from lock ups on EQT AB shares for a limited number of individuals, primarily related to discontinued and divested business lines. Under the waivers, shares representing less than 1.5% of EQT’s share capital are expected to be divested. Any sale process would be coordinated by EQT AB

    HIGHLIGHTS DURING THE LAST TWELVE MONTHS (COMPARED TO LTM ENDING SEPTEMBER 2019)

  • Total fund investments of EUR 9.6bn (EUR 10.5bn)
  • Total gross fund exits of EUR 4.2bn (EUR 5.3bn)
  • Fee-generating AUM of EUR 46.5bn as of September 30, 2020 (EUR 36.8bn). This change is primarily driven by the activation of EQT IX during Q3 2020
  • Number of full-time equivalent employees and on-site consultants (FTE plus) amounted to 709 (636) at the end of the period, of which FTEs amounted to 657 (579)

    EVENTS AFTER THE REPORTING PERIOD

  • The EQT Growth strategy was announced on October 19 with Microsoft Corporate Vice President Marc Brown joining as Partner and Head. With EQT Growth, EQT will be among the very few private markets firms in the world with investment strategies that address the needs of companies throughout their lifecycle
  • On October 16, EQT Infrastructure V announced the acquisition of a stake in Deutsche Glasfaser. With the investment, EQT Infrastructure V is expected to be 10-15% invested based on its target fund size of 12.5bn
  • Thomas von Koch, Partner and previous Managing Partner, being one of EQT’s most senior investment professionals, has decided to revert to focus on EQT funds’ investment activities. As a consequence, he is leaving the Executive Committee as of October 2020

Presentation of EQT AB’s Q3 2020 announcement
Financial analysts and media are invited to participate in a conference, including a presentation at 08:30 CEST.

The presentation and a video link to follow the conference live can be found atwww.eqtgroup.com/shareholders/financial-reportingand a recording will be available afterwards.

To participate by phone, please use the following dial-in details below, at least 10 minutes in advance.
Sweden:+46 856 642 651
UK:+44 3333000804
USA:+1 6319131422

Confirmation Code: 65003104

Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.

Contact
Kim Henriksson, CFO, +46 70 665 41 23
Olof Svensson, Shareholder Relations Director, +46 72 989 09 15
Nina Nornholm, Head of Communications, +46 70 855 03 56
EQT Press Office, press@eqtpartners.com

This is information that EQT AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CEST on 21 October 2020.                                                                                                 

About EQT
EQT is a purpose-driven global investment organization with a 25-year track-record of consistent investment performance across multiple geographies, sectors, and strategies.

EQT has raised more than EUR 75 billion since inception and currently has around EUR 50 billion in assets under management across 20 active funds within three business segments – Private Capital, Real Assets and Credit. With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in 17 countries across Europe, Asia Pacific and North America with more than 700 employees.

More info: www.eqtgroup.com
Follow EQT on: LinkedIn, Twitter, YouTube and Instagram

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Anthony Diaz to Lead Antares’ Loan Syndicate, Sales and Trading Team

Antares

CHICAGO–(BUSINESS WIRE)–Antares Capital announced today the appointment of Anthony Diaz to head of Loan Syndicate, Sales and Trading. Effective January 1, 2021, Mr. Diaz will succeed Peter Nolan, who will retire after more than 35 years in the industry.

“Anthony is a passionate and skilled capital markets professional who has deep relationships with institutional investors”

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Mr. Diaz brings nearly 25 years of experience to his new role. He joined Antares in 2016 after serving 13 years at GE Capital as a member of the Sales Desk and Structuring teams within Capital Markets. Prior to GE, Mr. Diaz held several controllership positions at Cantor Fitzgerald, Nikko Securities and UBS. Mr. Diaz earned a bachelor’s degree in accounting from St. John’s University and an MBA from The Lubin School of Business at Pace University.

“Anthony is a passionate and skilled capital markets professional who has deep relationships with institutional investors,” said David Brackett, CEO of Antares. “Our loan syndicate, sales and trading capabilities are some of the best in the middle market and we look forward to Anthony’s continued leadership as he takes on this new role. We also would like to thank Peter who leaves behind an indelible legacy both within our business and across the entire industry.”

About Antares

With approximately $27 billion of capital under management and administration as of December 31, 2019, Antares is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2019, Antares issued approximately $17 billion in financing commitments to borrowers through its robust suite of products including first lien revolvers, term loans and delayed draw term loans, 2nd lien term loans, unitranche facilities and equity investments. Antares’ world-class capital markets experts hold relationships with more than 400 banks and institutional investors allowing the firm to structure, distribute and trade syndicated loans on behalf of its customers. Since its founding in 1996, Antares has been recognized by industry organizations as a leading provider of middle market private debt. The company maintains offices in Atlanta, Chicago, Los Angeles, New York and Toronto. Visit Antares at www.antares.com or follow the company on LinkedIn at http://www.linkedin.com/company/antares-capital-lp. Antares Capital LP is a subsidiary of Antares Holdings LP.

Contacts

Antares Capital
Carol Ann Wharton
475-266-8053
carolann.wharton@antares.com

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EQT launches Growth strategy – Marc Brown joins as Head of EQT Growth

eqt

  • Microsoft Corporate Vice President Marc Brown joins as Partner and Head of EQT Growth
  • EQT Growth – a new and dedicated investment strategy focused on partnering with founders and management teams of market leading companies through growth investments in a range of technology, technology-enabled, and scalable businesses
  • Launch of a Growth strategy positions EQT among the very few private markets firms in the world with investment strategies that address the needs of companies throughout their lifecycle

EQT today announces that Marc Brown, former Microsoft Corporate Vice President of Corporate Development, has joined as Partner and Head of EQT Growth. Having overseen Microsoft’s M&A and strategic investment activities, leading more than 185 acquisitions (including LinkedIn, GitHub and Minecraft) and 80 strategic equity investments (including Flipkart, Databricks and Graphcore), Marc’s experience across the technology industry landscape makes him perfectly suited to lead the EQT Growth strategy.

Earlier this year, Carolina Brochado joined EQT as Partner in London and will join the Growth team. Formerly a partner at both Softbank and Atomico, Carolina has experience across several investment disciplines, including private equity, venture capital and growth. In addition to Carolina Brochado and Marc Brown, the initial EQT Growth team will also include EQT veterans and Partners Victor Englesson, Dominik Stein and Johan Svanström, and Henrik Landgren, Motherbrain Partner, who will work across Ventures and Growth.

EQT Growth is a key pillar in EQT’s overall ambition to be the preferred partner to founders and management teams as they build and grow market leading businesses that have the bold ambition of making the world a better place. More specifically, EQT Growth will explore thematic growth opportunities between venture capital and private equity that are aligned with EQT’s key investment areas such as B2B tech, healthcare tech, impact tech and consumer/prosumer tech. EQT AB will utilize its balance sheet to support investments aligned with the EQT Growth strategy.

EQT Growth will be an extension from a number of successful growth transactions from EQT’s Mid Market, Private Equity and Ventures investment strategies (such as Epidemic Sound, Freepik, Sportradar, Banking Circle, AutoStore, and Wolt). Motherbrain, EQT’s proprietary in-house artificial intelligence (AI) system, will also play a crucial role in the EQT Growth strategy in assisting in identifying trends and sourcing potential investment opportunities.

Per Franzén, Partner and co-head of EQT Private Equity said: “We’re pleased to welcome Marc and Carolina to EQT and look forward to a strong collaboration across the entire Private Capital platform. They will bring vast technology and investment experience The Growth strategy will apply EQT’s thematic focus and seek future champions, and will be a critical next step in the development of EQT Private Capital and further manifesting our future-proofing and positive impact approach.”

Christian Sinding, CEO of EQT said: ”Building this strong team is a true milestone in EQT’s desire to become the preferred partner to the best high-growth market leaders across Europe and beyond. Adding a growth-focused strategy fits us perfectly as it complements EQT’s ’ecosystem’. In fact, EQT is now one of the very few private markets firms in the world with investment strategies that cover and support companies from the startup phase all the way until mature, leading businesses. This makes us a smarter investor and an even better partner to management teams. Finally, EQT Growth is a great example of how we can use EQT AB’s balance sheet to accelerate the development of new initiatives where we can generate strong sustainable returns for EQT’s investors.”

Contact
EQT Press Office press@eqtpartners.com

About EQT
EQT is a differentiated global investment organization with a 25-year track-record of consistent investment performance across multiple geographies, sectors, and strategies. EQT has raised more than EUR 62 billion since inception and currently has around EUR 40 billion in assets under management across 20 active funds within three business segments – Private Capital, Real Assets and Credit.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in 17 countries across Europe, Asia Pacific and North America with more than 700 employees.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

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LLR Partners Closes Sixth Fund at $1.8 Billion

LLR Partners

October 19, 2020

LLR Partners, a lower middle market private equity firm, announces the final closing of LLR Equity Partners VI, L.P. (together with its affiliated investment funds, “LLR 6”) at $1.8 billion, inclusive of the General Partner’s commitment.

“LLR appreciates the support from our legacy investors and the opportunity to build long-lasting relationships with several new domestic and international investors,” said partner Mitchell Hollin.

LLR 6 continues the firm’s 21-year history of investing in and partnering with lower middle market growth companies. Similar to its predecessor, LLR 6 will focus on the technology and healthcare sectors, typically investing between $25 million and $100 million in companies. With more than 70 professionals and a group of experienced executives engaged as Senior Operating Advisors, LLR 6 will invest in minority and majority equity positions, providing capital for growth, recapitalizations and buyouts.

“The sector experience of our investment professionals, along with our value creation and sourcing resources, allow LLR to help companies accelerate organic and inorganic growth and become market leaders,” said Hollin. “Our shared objective is simple: together, we grow companies every day.”

LLR collaborates with its portfolio companies to define and then execute on strategic initiatives with a focus on increasing shareholder value. Through the firm’s value creation team, virtual and in-person Collaborate forums and GrowthBits content, LLR helps its portfolio companies’ management teams achieve their growth objectives. As a United Nations Principles for Responsible Investment signatory, LLR considers environmental, social and governance factors when investing and is committed to diversity, equity and inclusion at the firm and its portfolio companies.

Asante Capital Group acted as placement agent and Latham & Watkins provided legal counsel for LLR 6.

About LLR Partners

LLR Partners is a lower middle market private equity firm investing in technology and healthcare businesses. We collaborate with our portfolio companies to define high-impact growth initiatives, turn them into action and create long-term value. Founded in 1999 and with more than $5 billion raised across six funds, LLR is a flexible provider of equity capital for growth, recapitalizations and buyouts. For more information about LLR and insights on accelerating growth, visit www.llrpartners.com.

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Frog named VC & Growth House of the Year for second year running

Frog Capital

15th October 2020 by Frog

We’re delighted to announce that we have come away with the “Venture & Growth Capital House of the Year” award at Unquote’s British Private Equity Awards for the second consecutive year.

The award ceremony was held as a virtual event and recognises the contribution of private equity to the growth of British business every year. We were in good company in the growth category, with Foresight and YFM Equity Partners also nominated.

According to Unquote, a leading European private equity specialist and the company behind the awards, our win was awarded for consistently maintaining high standards of work for the whole year, including fundraising.

Unquote says: “The judges and public voters were impressed by Frog Capital’s achievements over the judging period. The firm secured a first close for its new fund, Frog European Growth II (FEG II), with a target of €150m. Frog also finalised two investments, first with Amazon analytics software company, Sellics, which wrapped up FEG I, and secondly with health and safety software business SHE Software, kicking off the investment period for FEG II.

“Frog also completed two strong exits: EDITED was sold to Wavecrest while Skimlinks was exited to strategic trade buyer Connexity (with the deal completing during the Covid-19 crisis). Frog’s remaining portfolio has also performed well through Covid-19, with no companies requiring emergency funding, six out of eight companies continuing to grow in 2020, and 85% either profitable or funded to profitability.”

You can learn more about the award announcement here.

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Bowmark wins Mid-Market Buyout House of the Year

Bowmark

Bowmark is honoured to have received the Unquote British Private Equity Award for Mid-Market Buyout House of the Year 2020.

The awards recognise the role of private equity in generating outstanding returns for investors while fostering growth in the UK economy. The winners were selected by Unquote readers and industry stakeholders.

Unquote commented: “Bowmark delivered strong investment performance over the judging period, with the companies in its two current funds delivering profit growth of over 15% in the year to June 2020.”

Charles Ind, Bowmark managing partner, said: “In what has been a challenging year for everyone, we are incredibly grateful to our colleagues in the industry for selecting Bowmark for this award. We are delighted that the outstanding work of our portfolio companies has been recognised, and our team will endeavour to maintain its high standards of delivery for our investors.”

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Ratos Nomination Committee and 2021 AGM

Ratos

Ratos’s Annual General Meeting (AGM) will be held on 5 May 2021 at Skandiascenen, Cirkus, in Stockholm, Sweden.

In accordance with the policy for appointing Ratos’s Nomination Committee, it is hereby announced that the company’s major owners/owner constellations have appointed a Nomination Committee with the Chairman of the Board Per-Olof Söderberg as the convener.

The Nomination Committee comprises the following individuals:

  • Jenny Parnesten, nominated by the Ragnar Söderberg Foundation, and own and related parties’ holdings
  • Jan Söderberg, own holdings
  • Maria Söderberg, nominated by the Torsten Söderberg Foundation, and own holdings
  • Erik Brändström, nominated by Spiltan Fonder AB
  • Martin Gärtner, nominated by SEB Investment Management
  • Per-Olof Söderberg, Chairman of Ratos’s Board

The Nomination Committee has nominated Jenny Parnesten as Chairman.

In accordance with an AGM resolution, the Nomination Committee shall evaluate the composition and work of the Board of Directors and draft proposals for the 2021 AGM regarding:

  • election of the Board of Directors and Chairman of the Board
  • election of Auditor (in cooperation with the Audit Committee)
  • remuneration to Board members and auditors
  • election of Chairman of the AGM
  • where necessary, changes to principles for composition of the next Nomination Committee

Shareholders who wish to submit proposals to the Nomination Committee may send an e-mail to helena.jansson@ratos.com (subject line “To the Nomination Committee”) or a letter to Ratos Nomination Committee, Helena Jansson, Ratos AB, Box 1661, SE-111 96 Stockholm, Sweden, not later than 31 January 2021.

Shareholders who wish to submit a proposal for consideration at the AGM should send such a proposal to the Chairman of the Board (at the above address) not later than 17 March 2021 in order for the proposal to be included in the notice of the AGM.

 

For further information, please contact:
Jenny Parnesten, Chairman of Nomination Committee, +46 70 742 51 77
Per-Olof Söderberg, Chairman of the Board, Ratos, +46 8 700 17 98

About Ratos:
Ratos is a business group consisting of 12 companies divided into three business areas: Construction & Services, Consumer & Technology and Industry. In total, the companies have SEK 38 billion in sales and EBITA of SEK 1.8 billion. Our business concept is to develop mid-sized companies headquartered in the Nordics that are or can become market leaders. We enable independent mid-sized companies to excel by being part of something larger. People, leadership, culture and values are key focus areas for Ratos. Everything we do is based on Ratos’s core values: Simplicity, Speed in Execution and It’s All About People.

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