Gaw Capital Partners Wins Two Awards at PERE Awards 2018 – Asia’s Deal of the Year & Industry Figure of the Year

Gaw Capital

HONG KONG, March 5, 2019 – Gaw Capital Partners is delighted to have been awarded Asia’s ‘Deal of the Year’ for its HK$23 billion acquisition of 17 Hong Kong shopping centres from Link REIT, which was completed in February 2018, and Asia’s ‘Industry Figure of the Year’ for Goodwin Gaw at this year’s PERE Awards.
The firm was also very pleased to have been a runner up for Global ‘Office Investor of the Year’, Global ‘Retail Investor of the Year’, ‘Capital Raise of the Year’ in Asia for its Gateway Real Estate Fund VI and ‘Firm of the Year’ in Asia and China respectfully.
The awards and recognitions follow another successful year for Gaw Capital, in which it closed major deals in China, Australia and Japan. These include the acquisitions of a further 12 Hong Kong shopping centres from Link REIT, Shanghai’s Ocean Towers and four premium Grade A offices at Shanghai MixC through its funds under management.
During 2018, the firm raised additional US$4.8 billion of equity commitments, acquired 24 projects in 15 cities and disposed 7 projects in 8 cities through its funds under management. The total deal transaction volume exceeds US$11.9 billion globally.
Mr. Goodwin Gaw, Chairman and Management Principal at Gaw Capital Partners, commented, “It is an honor to have received these accolades and recognitions, which have been the result of our strong teamwork culture. The awards reflect the recognition globally of Gaw Capital’s creativity and capabilities on some of the most complex but high-potential real estate transactions. We thank PERE for the awards and express our heartfelt gratitude to our LPs, partners and team for your continuous support, partnership and hard work.”
The Global PERE Awards recognize significant highlights in the global real estate industry and is highly respected across the global real estate private equity industry.

 

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– Blair Fleming Joins Onex to Accelerate Loan Originations

Onex

Toronto, March 4, 2019 – Onex Corporation (“Onex”) (TSX: ONEX) today announced Blair
Fleming has joined Onex Credit as Head of Origination to accelerate development of the firm’s
middle-market origination capabilities.
“Onex Credit has grown from several hundred million to nearly $11 billion of assets under
management today,” said Michael Gelblat, Chief Executive Officer and Chief Investment Officer
at Onex Credit. “Blair’s proven abilities and long-standing financial sponsor relationships will be
valuable assets to the firm and our investors as we continue our growth.”
Walt Jackson, Portfolio Manager and Head of Private Debt at Onex Credit added, “I’m delighted
to be partnering with Blair to accelerate our origination efforts and continue to expand our private
lending business.”

Mr. Fleming has more than thirty years of experience in capital markets, most recently as U.S.
Head of Investment Banking at RBC Capital Markets. Prior to that, he held several roles within
RBC, including Head of U.S. Capital Markets.
“Joining Onex Credit is a unique opportunity for me, having known and worked with Onex for
more than 20 years,” said Mr. Fleming. “It’s an exciting time to join Onex Credit and help
accelerate growth of the platform.”

About Onex
Onex is one of the oldest and most successful private equity firms. Through its Onex Partners and
ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with
talented management teams. At Onex Credit, Onex manages and invests in leveraged loans,
collateralized loan obligations and other credit securities. Onex has $31 billion of assets under
management, including $6.4 billion of Onex proprietary capital, in private equity and credit
securities. With offices in Toronto, New York, New Jersey and London, Onex and the team are
collectively the largest investors across Onex’ platforms.
Onex’ businesses have assets of $51 billion, generate annual revenues of $32 billion and employ
approximately 217,000 people worldwide. Onex shares trade on the Toronto Stock Exchange
under the stock symbol ONEX. For more information on Onex, visit its website at
www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.

This news release may contain forward-looking statements that are based on management’s current
expectations and are subject to known and unknown uncertainties and risks, which could cause
actual results to differ materially from those contemplated or implied by such forward-looking
statements. Onex is under no obligation to update any forward-looking statements contained
herein should material facts change due to new information, future events or otherwise.

For further information:
Emilie Blouin
Director, Investor Relations
Tel: +1 416.362.7711

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Genstar Capital Closes Fund IX and Affiliated Overage Fund with $7 Billion of Committed Capital

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  • $5.5 Billion in Fund IX LP Commitments
  • $1.1 Billion Committed Overage Capacity
  • Expanded Group of Global Investors

SAN FRANCISCO, Feb. 25, 2019—Genstar Capital, a leading private equity firm focused on investments in targeted segments of the financial services, software, industrial technology, and healthcare industries, today announced the final closing of Genstar Capital Partners IX with $5.5 billion in limited partner commitments.  In addition, Genstar has raised committed overage capacity of $1.1 billion from select limited partners.  The General Partner and affiliated entities are the largest investor in Fund IX, with over $400 million of committed capital.  Total capital raised, including Fund IX, the General Partner, affiliated entities, and the overage capacity is approximately $7 billion.

The General Partner will continue to be led by J. Ryan Clark, Jean-Pierre L. Conte, Rob S. Rutledge, Tony J. Salewski, and Eli P. Weiss.

Ryan Clark, President and Managing Director at Genstar said, “As we build our firm to endure for the future, our focus is on our people, our portfolio leadership teams, and our investors.  All three constituencies are responsible for our continued success, and we want to thank them as we begin to invest Fund IX.”

Commenting on the fundraising, Tony Salewski, Managing Director, said, “We appreciate the tremendous support from our existing limited partners and the expansion of our base among leading global investors.  The focus of this group allowed us to move quickly to close Fund IX within 15 weeks of the fund launch.  We believe that our thesis-driven investing model of growing and building industry leading businesses will continue to deliver superior performance for our investors.”

Jean-Pierre Conte, Chairman and Managing Director, said, “We are excited to continue our long history of building a leading and sustainable investment firm.  Genstar operates with one-team from one-office and maintains the same disciplined and innovative investment approach that has helped us develop a strong track record over the past 30 years.”

The investor base includes an expanded group of limited partners, including leading global endowments and foundations, public and corporate pension plans, sovereign wealth funds, financial institutions, and family offices.  Genstar closed its previous fund, Genstar Capital Partners VIII, in 2017 with approximately $3.95 billion of total committed capital.

Over the past 12 months, Genstar invested in four new platform investments and realized proceeds in six companies.  Genstar continues to invest in and take control positions in middle market companies headquartered in North America.  Genstar has 21 members on its investment team operating from a single office in San Francisco.  They are supported by a senior operations team and complemented by a group of 26 strategic advisors, who are current and former operating executives, working side by side with the Genstar investment team.

Evercore Partners served as Placement Agent for the fund, and Weil, Gotshal & Manges LLP provided legal advice.

About Genstar Capital

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for 30 years.  Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $17 billion of assets under management and targets investments focused on targeted segments of the financial services, software, industrial technology, and healthcare industries.

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MEDIA INQUIRIES:

Contact: Chris Tofalli
Chris Tofalli Public Relations
914-834-4334

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KKR to Present at the Citi 2019 Asset Managers, Broker Dealers & Exchanges Conference

KKR

02.14.19

NEW YORK–(BUSINESS WIRE)–Feb. 14, 2019– KKR & Co. Inc. (NYSE: KKR) announced today that William J. Janetschek, Chief Financial Officer, and Craig Larson, Head of Investor Relations, will present at the Citi 2019 Asset Managers, Broker Dealers & Exchanges Conference on Wednesday, February 27, 2019 at 10:25 AM ET.

A live audio webcast of the presentation will be available on the Investor Center section of KKR’s website at http://ir.kkr.com/kkr_ir/kkr_events.cfm. For those unable to listen to the live audio webcast, a replay will be available on the website shortly after the event.

Any questions regarding the webcast may be addressed to KKR’s Investor Relations group at investor-relations@kkr.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.

Source: KKR & Co. Inc.

Investor Relations:
Craig Larson
Tel: +1 (877) 610-4910 (U.S.) / +1 (212) 230-9410
investor-relations@kkr.com

Media:
Kristi Huller or Cara Major
Tel: + 1 (212) 750-8300
media@kkr.com

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EURAZEO brands strengthens its european strategy with a new team in Paris

Eurazeo

Paris, February 14th, 2019 – Eurazeo Brands, Eurazeo’s investment division dedicated to fast growing consumer brands, has built a new team in Paris to lead the investment strategy in Europe, with the appointment of Laurent Droin as Managing Director, and Célia Nataf as Senior Associate.
Laurent Droin brings extensive consumer, retail and luxury expertise, having worked for 20 years in the industry in both corporate and advisory roles. Prior to joining Eurazeo, he spent 10 years at BNP Paribas as a Managing Director focused on mergers and acquisitions. He was most recently based in New York, where he successfully rebuilt the bank’s consumer franchise, focusing on beauty, personal care, and apparel. Previously, he spent nine years at Danone in various strategic and operational roles in France, Argentina and Russia. This brand enthusiast has been personally investing alongside successful entrepreneurs for many years.

Célia Nataf is joining the Eurazeo Brands team in Paris and will be responsible for sourcing, executing and monitoring European investments. She previously spent five years as part of Eurazeo Capital, specializing in the consumer, retail and luxury industries. She participated in the creation of Carambar & Co, a European carve-out in the branded food industry, and in the structuring and monitoring of Planet, a global tax free and payment company. Prior to Eurazeo, she worked in the mergers and acquisitions team at Barclays Capital in Paris, where she carried out assignments for investment funds and industrial players.

Eurazeo Brands’ mission is to invest a total of $800 million in high potential North American and European consumer companies with differentiated brands across a wide range of verticals including beauty, fashion, home, wellness, food and beverage, and leisure. The firm partners with visionary founders and strong management teams to drive transformational growth and accelerate value creation by leveraging Eurazeo’s unique capabilities. Investments to date include Pat McGrath Labs and Nest Fragrances. The founders of these companies selected Eurazeo Brands due to its sector and operating expertise, proven track record building brands, and extensive international reach with offices across four continents. These new appointments will enable Eurazeo Brands to be the investment partner of choice for aspirational, consumer driven companies in Europe seeking value-added capital to develop their businesses globally.

About Eurazeo
Eurazeo is a leading global investment company, with a diversified portfolio of €17 billion in assets under
management, including nearly €11 billion from third parties, invested in over 300 companies. With its
considerable private equity, venture capital, real estate, private debt and fund of funds expertise, Eurazeo
accompanies companies of all sizes, supporting their development through the commitment of its 235
professionals and by offering deep sector expertise, a gateway to global markets, and a responsible and stable
foothold for transformational growth. Its solid institutional and family shareholder base, robust financial
structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over
the long term. Eurazeo has offices in Paris, New York, Sao Paulo, Buenos Aires, Shanghai, London,
Luxembourg, Frankfurt and Madrid.

• Eurazeo is listed on Euronext Paris.
• ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA
***
EURAZEO CONTACTS CONTACT PRESSE
CAROLINE COHEN
HEAD OF INVESTOR RELATIONS
E-mail: ccohen@eurazeo.com
Tél: +33 (0)1 44 15 16 76
VIRGINIE CHRISTNACHT

HEAD OF COMMUNICATIONS
E-mail: vchristnacht@eurazeo
Tél: +33 (0)1 44 15 76 44
MAITLAND / AMO
David Stürken
E-mail: dsturken@maitland.co.uk
Tél: +44 (0) 20 7395 0450
For more information, please visit the Group’s website : www@eurazeo.com
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Quimper declares the offer for Ahlsell unconditional, will acquire all tendered shares

On 11 December 2018, Quimper AB (a company that has been or will be indirectly invested in by CVC Funds) (“Quimper”)1, announced a public cash offer to the shareholders in Ahlsell AB (publ) (“Ahlsell” or the “Company”) to tender all their shares in Ahlsell to Quimper (the “Offer”). The offer document regarding the Offer was made public on 19 December 2018.

The shares tendered in the Offer at the end of the initial acceptance period on 11 February 2019, together with the shares already held or otherwise controlled by Quimper, and closely related parties, amount to in aggregate 403,296,725 shares in Ahlsell, corresponding to approximately 93.9 percent2 of the share capital and the voting rights in Ahlsell.

Quimper hereby announces that all conditions for completion of the Offer have been fulfilled. Accordingly, the Offer is declared unconditional in all respects and Quimper will complete the acquisition of the shares tendered in the Offer. Settlement for shares tendered in the Offer during the initial acceptance period will take place in accordance with previously communicated plan, i.e. around 19 February 2019.

To provide the remaining shareholders of Ahlsell who have not tendered their shares time to accept the Offer, the acceptance period will be open beyond the end of the initial acceptance period, until 27 February 2019 at 15.00 (CET). Settlement for shares tendered in the Offer during the additional acceptance period is expected to start around 7 March 2019. Quimper reserves the right to further extend the acceptance period for the Offer.

Prior to announcement of the Offer, Quimper, and closely related parties, held in aggregate 109,578,323 shares in Ahlsell, corresponding to approximately 25.1 percent3 of the share capital and the voting rights in Ahlsell. At the end of the initial acceptance period on 11 February 2019, the Offer had been accepted by shareholders representing in total 293,718,402 shares in Ahlsell, corresponding to approximately 68.4 percent4 of the share capital and the voting rights in Ahlsell.

Quimper does not hold any financial instruments that give financial exposure to Ahlsell shares and has not acquired any such shares or financial instruments outside the Offer.

Quimper will initiate compulsory acquisition of the remaining shares in Ahlsell as well as promote a delisting of Ahlsell’s shares from Nasdaq Stockholm.


1 Quimper is a newly formed entity that has been or will be indirectly invested in by funds or vehicles (“CVC Funds”) advised by CVC Advisers Company (Luxembourg) S.à r.l. and/or its affiliates. “CVC” means CVC Advisers Company (Luxembourg) S.à r.l. and its affiliates, together with CVC Capital Partners SICAV-FIS S.A. and each of its subsidiaries.

2 Based on all 436,302,187 outstanding shares in Ahlsell, excluding the 7,000,000 shares which are held by Ahlsell in treasury.

3 Based on all 436,302,187 outstanding shares in Ahlsell, including the 7,000,000 shares which are held by Ahlsell in treasury.

4 Based on all 436,302,187 outstanding shares in Ahlsell, excluding the 7,000,000 shares which are held by Ahlsell in treasury.

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Altamar closes latest secondary Fund on €541M

altamar-logo

The firm has announced that it has reached the final close of 541 millions of euros for its latest secondaries Fund, Altamar Global Secondaries IX FCR. The vehicle was launched in 2016 with a 500 millions of euros target, and has closed not far short of reaching its 550 millions of euros hard cap.

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Proposal by the Board of Directors concerning dividend in Ratos and publication of report for the fourth quarter and full-year 2018

Ratos

2019-02-07

At a Board meeting today, the Board of Directors of Ratos AB decided to propose that a dividend of SEK 0.50 (2.00) per share is paid for the 2018 financial year. Given that the Board’s proposal entails a lower dividend, Ratos has also decided to publish its report for the fourth quarter and full-year 2018 earlier than planned. The report will be published today.

The Board has decided to propose a dividend of SEK 0.50 (2.00) per share. The aim of this proposed dividend is to maintain Ratos’s favourable financial position in light of the Group’s results for 2018.

“The proposed dividend should be seen in the light of Ratos being able to stand strong for the future and Ratos’s financial performance in 2018. This will provide us with greater scope to take advantage of any opportunities that may arise” says Ratos’s Chairman of the Board Per-Olof Söderberg.

Since the Board’s proposal concerning dividend is based on Ratos’s financial development during 2018, the company therefore needs to publish this. Ratos therefore brings forward the publication of the report for the fourth quarter and full-year 2018 to date. The preannounced reporting date was February 15, 2019.

A teleconference will be held at 10:00 a.m. tomorrow, 8 February. To participate in the teleconference, call +46 8 505 583 59 (SE), +44 33 3300 9269 (UK) or +1 833 526 8380 (US) five minutes before the conference starts. This teleconference will be held instead of the teleconference on 15 February.

The full dividend proposal will be presented in the notice of the Annual General Meeting.

All infromation related to the year-end report can be found here.

For further information, please contact:
Jonas Wiström, CEO Ratos, +46 8 700 17 00
Helene Gustafsson, Head of IR and Press Ratos, +46 8 700 17 98

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Altor completes successful fundraising for Fund V

Altor

Altor has closed its fifth fund, Altor Fund V. The Fund held a single closing at its hard cap of EUR 2.5 billion after a brief fundraising period, where the Fund was substantially oversubscribed. Altor will continue investing in and developing mid‐market companies in the Nordic region but will also focus on opportunities in the German speaking‐region (DACH). The fund is domiciled in Stockholm, Sweden.

93% of the capital has been committed by existing investors, with only a select group of new investors being invited. The investor base consists mainly of university endowments from the US, charitable foundations, insurance companies and pension funds. Nordic and DACH investors represent 32% of total commitments, with remaining capital being committed by investors mainly from the US, elsewhere in Europe and Middle East.

Altor’s previous funds have generated strong total returns since inception in 2003, with overall gross IRR of 26%. Realized total returns have generated a gross IRR of 35% and a money multiple of 3.7x. Altor has consistently been ranked among the leading Private Equity firms globally based on long-term performance. Altor retains its longstanding ambition to create value and generate superior returns by building world‐class companies.

As with prior funds, the new fund will have a 15-year investment term. Investments will generally be made in private companies with revenues typically in the range of EUR 50 to 500 million. More than 50% of investments have been made in partnerships with founders or corporates. The new fund has, as with its predecessors, a flexible investment mandate, which allows for minority investments in publicly traded companies and distressed debt.

“The past year has been an exciting year for Altor, with several exciting new investments (including FH Gruppen, LRF Konsult, O’Learys, Trioplast, Gnist and KonfiDents), the recent partial realization of Orchid as well as our expansion into DACH through our new Zürich‐office” commented Harald Mix, Partner at Altor. “We have during the period also promoted three new partners and also made a number of senior and junior hires to deepen and strengthen the Altor team.”

Altor Fund V is managed by Altor Fund Manager – an authorized manager under the Alternative Investment Funds Act, regulated by the Swedish Financial Supervisory Authority.

“Demand for Altor Fund V has been extremely strong, with many existing investors increasing the size of their investment as well as significant interest from new investors,” said Laurence Zage, a Managing Director at Monument Group, the private fund placement agent supporting Altor in the fundraising process. “This is testament not only to Altor’s track record of value creation and ability to generate superior returns, but also their trustworthiness and transparency. We are proud to have assisted Altor with each of their previous fundraises in a relationship that dates back more than 15 years.”

For more information:
Harald Mix, Partner Altor: tel +46 8 678 91 00
Tor Krusell, Head of Communications Altor: tel. +46 70 543 8747

About Altor
Since inception, the family of Altor funds has raised some EUR 8.3 billion in total commitments. The funds have invested in excess of EUR 4.2 billion in roughly 60 companies. The investments have been made in medium sized, predominantly Nordic, companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Byggmax, Carnegie Investment Bank, Dustin, Helly Hansen, Lindorff and SATS ELIXIA. For more information visit altor.com.

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Verdane to invest 6 billion SEK in Northern European growth companies

Verdane Capital

Verdane has established Verdane Capital X, the largest Verdane fund to date, with 6 billion SEK of committed capital. Through the new fund, Verdane will help build high-growth market leaders in the Northern European software, consumer internet, energy technology and advanced industrial sectors.

Based on deep sector expertise, Verdane will help ambitious management teams of fast-growing businesses accelerate and sustain growth. The new fund will invest in Northern European companies, typically with 50-500 million SEK in revenues. It will acquire majority or minority positions in either single companies or portfolios of companies.

“Growth is always at the top of our agenda. On average, the portfolio companies grew their revenues by 23% in 2018, and put together created well over one thousand new jobs. With our new fund, we will continue to look for well positioned companies operating in structural growth markets, and our goal is to identify and remove bottlenecks constraining growth. By offering a long-term focus, companies backed by Verdane funds can make the necessary investments in their organisations, products and brands to secure sustainable market leadership,” comments Bjarne Lie, Managing Partner at Verdane Capital Advisors.

Companies backed by Verdane funds will access capital, know-how, a global network and the advisory team’s 15-year experience of building sector leaders across the Nordics. Importantly, they will also gain access to peer-to-peer knowledge exchange in a professional network built through over 100 core investments in the software, consumer internet, advanced industrial and energy sectors.

“Verdane funds probably have the most flexible investment mandate on the market. As long as we believe in a business, and see a way to add value, we can find a way for the Verdane funds to invest. It is the business that matters and how we can help, not the structure,” explains Bjarne Lie.

Verdane Capital X closed at its 6 billion SEK hard cap in January. The fund received commitments from leading global university endowments, foundations, insurance companies, family offices, government agencies, as well as private and public pension funds from 11 countries. Over 50% of the capital comes from non-profit investors.

“We want to thank the investors for their support and for moving at high speed, allowing us to close the first investments of the fund. Momox, Germany’s leading re-commerce company, and HIVE Streaming, a Swedish enterprise video distribution company, have already begun their journey as part of Verdane Capital X’s portfolio. These are exactly the types of companies that the fund will continue to invest in.”

Verdane Capital X was advised by Rede Partners, an independent fundraising advisor to the private equity industry, and Andulf Advokat, a law firm specialising in private equity.

***

For more information, please contact

Jonathan Bui, Communications Manager
+46 762 72 81 00
jonathan.bui@verdane.com

About Verdane

Verdane funds provide flexible growth capital to fast-growing software, consumer internet, energy or high-technology industry businesses, through both majority and minority investments in individual companies and portfolios. Verdane funds act as ambitious, active and long-term owners, helping management teams and companies accelerate and sustain growth by leveraging the Verdane advisory team’s technology capabilities and proven track record in driving business value. Verdane funds’ current portfolio includes Boozt, EasyPark, Freespee, inRiver, MatHem, Mustad, Momox, Polytech and Trivec. Verdane Advisory Group has 38 employees working out of offices in Copenhagen, Helsinki, London, Oslo and Stockholm. For more information, please visit www.verdane.com

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