Tag Archives: Logistics

KKR And Etche Complete The Acquisition Of Over 160,000 Square Meters Of Logistic Properties In France From Ivanhoé Cambridge

KKR

Transaction is KKR’s first in France via its Core+ real estate strategy, and fourth for the strategy in Europe this year following UK, Finland and Sweden acquisitions

 

Paris October 19th, 2023 – KKR and Etche, KKR’s logistics real estate platform in France, today announced the acquisition of the SCOTT logistics portfolio from Ivanhoé Cambridge, comprising five buildings with a total area exceeding 160,000 square meters. These assets, two of which have just been completed, are strategically located in prime logistics zones in the ‘Dorsale’ on the outskirts of Lyon, Grenoble, Orléans, Compiègne and Strasbourg. The buildings are fully occupied by quality anchor tenants on long-term leases.

The acquisition continues Etche’s strategic focus on the logistics sector and is KKR’s first transaction in France through its European Core+ real estate strategy, which focuses on investing in high quality, substantially stabilised assets with medium-term value growth potential.

“The acquisition of this portfolio is a clear demonstration of our ability to swiftly execute significant deals in a challenging market environment, thanks in large part to the reinforcement of our teams with Joffrey Houdoux (Investment Manager) and Julien Chevrier (Chief Administrative and Financial Officer) who joined the firm this year. This strategic portfolio combines strong fundamentals and significant potential for value appreciation, which will allow us to navigate the current period with confidence. It serves as an excellent foundation upon which we can soon aggregate new buildings of similar quality,” said Vincent Lauret, President of Etche.

 

“This first acquisition through our Core+ strategy in France reflects our desire to acquire a quality portfolio for the long term, particularly in the logistics sector. We expect that the sector fundamentals will continue to be very positive for the years to come, particularly given the lack of future supply in France, which should continue to benefit owners of existing, quality assets,” commented Mai-Lan de Marcilly, Managing Director and Head of Transactions France & Hotels at KKR.

 

“This transaction is exemplary of our broader ambition in France and regionally – to invest in high-quality assets in prime locations and with strong fundamentals, and where we have the potential to drive value. The collaboration with Etche in France has created a strong basis for our team to invest behind the themes that we like, particularly logistics which is benefiting from the rise in e-commerce penetration rates and on-shoring of supply chains. We’re delighted to have expanded the portfolio into France and look forward to building further on this,” continued Ian Williamson, Managing Director and Head of Core+ Real Estate in Europe at KKR.

 

“We are delighted to have successfully and seamlessly concluded the sale of these five assets from our Hub&Flow logistics platform to KKR-Etche. This transaction is the result of our asset management efforts and enables us to recycle our capital in the logistics market. We remain convinced of the logistics sector’s resilience, and this sector will continue to be a strategic priority for us over the long term through the growth of the Hub&Flow platform in Europe along main logistics corridors,” added Maud Wargny, Senior Director, Investments, Europe, at Ivanhoé Cambridge.

KKR is an active investor in logistics real estate across Europe and has a strong track record of investing across real estate sectors in France. The Etche platform currently owns and operates a portfolio of over fifty logistics and light industrial properties across the country. This latest acquisition builds on the regional expansion of KKR’s Core+ strategy since launching in 2022, following acquisitions in Sweden, Finland and the UK earlier this year across logistics, residential and student housing, and in logistics in the Netherlands last year.

CA-CIB provided funding for the operation through a structured financing arrangement in the form of a green loan.

About Etche

Founded in 2010, Etche is a privately-owned French real estate company. A portfolio company of global investment firm KKR, Etche also carries out asset management assignments on behalf of real estate investors. With a portfolio of around fifty assets across France in the corporate real estate sector (business parks, industrial, and logistics properties), Etche is currently undergoing a strategic shift to prioritise logistics-oriented real estate through divestitures or the acquisition of existing or planned properties. With a strong ESG (Environmental, Social, and Governance) strategy, the company has launched an ambitious decarbonization plan for its portfolio, encouraging its suppliers and employees to identify innovative and more environmentally friendly solutions.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on X @KKR_Co.

 

About Ivanhoé Cambridge

Ivanhoé Cambridge develops and invests in high-quality real estate properties, projects and companies that are shaping the urban fabric in dynamic cities around the world. It does so responsibly, with a view to generate long-term performance. Ivanhoé Cambridge is committed to creating living spaces that foster the well-being of people and communities, while reducing its environmental footprint.

Ivanhoé Cambridge invests internationally alongside strategic partners and major real estate funds that are leaders in their markets. Through subsidiaries and partnerships, the Company holds interests in 1,500 buildings, primarily in the industrial and logistics, office, residential and retail sectors. Ivanhoé Cambridge held C$77 billion in real estate assets as of December 31, 2022, and is a real estate subsidiary of CDPQ (cdpq.com), a global investment group. For more information:  ivanhoecambridge.com.

MEDIA CONTACTS

ETCHE

Treize Cent Treize

Aurélie Caron / Lou Girault-Solal / Alain N’Dong – +33 1 53 17 97 13 – Presse_Etche@1313.fr

KKR

FGS Global

Alastair Elwen / Sophia Johnston – KKR-Lon@FGSGlobal.com – Tel: +44 (0) 20 7251 3801

IVANHOE CAMBRIDGE

Galivel & Associés

Carol Galivel / Sébastien Matar – + 33 1 41 05 02 02 – galivel@galivel.com

   Thomas Carlat – Ivanhoé Cambridge – +33 6 73 46 00 97 – thomas.carlat@ivanhoecambridge.com

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LOGISTEC Corporation enters into definitive agreement to be acquired by Blue Wolf Capital Partners

LOGISTEC shareholders to receive $67.00 in cash per share pursuant to the transaction

Blue Wolf to maintain head office in Québec with significant investment for future growth initiatives

Montréal, Québec, October 16, 2023 – LOGISTEC Corporation (TSX: LGT.A LGT.B) (“LOGISTEC” or the “Corporation”) today announced that it has entered into an arrangement agreement (the “Arrangement Agreement”) with 1443373 B.C. Unlimited Liability Company (the “Purchaser”), an entity owned by certain funds managed by Blue Wolf Capital Partners LLC (“Blue Wolf”) in partnership with Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, pursuant to which the Purchaser will acquire all the issued and outstanding shares of the Corporation for $67.00 in cash per share, representing a total enterprise value of approximately $1.2 billion, subject to customary closing conditions.

The Arrangement Agreement is the culmination of an extensive and robust review of strategic alternatives available to maximize shareholder value that was conducted by a Special Committee of independent directors of the Corporation at the request of its principal shareholder, Sumanic Investments Inc.

The consideration offered under the transaction represents a 61.2% premium to the unaffected 20‑day volume-weighted average trading price per Class A Common Share and a 62.2% premium to the unaffected 20-day volume-weighted average trading price per Class B Subordinate Voting Share on the Toronto Stock Exchange on May 19, 2023, the last trading day prior to the announcement of the strategic review process, and a 14.5% premium to the 20-day volume-weighted average trading price per Class A Common Share and a 9.9% premium to the 20-day volume-weighted average trading price per Class B Subordinate Voting Share on the Toronto Stock Exchange on October 13, 2023.

“Since my father started this business more than 70 years ago, we have grown into industry leaders,” said Madeleine Paquin, President and Chief Executive Officer of LOGISTEC. “As we enter this next phase of our journey, we will continue to build a sustainable future by facilitating trade, handling our customers’ goods safely, and protecting our environment as well as our water resources for the next generation. We see significant opportunity to collaborate with Blue Wolf to drive value creation for our people, our customers, and our communities while rewarding our existing shareholders with an attractive cash consideration providing immediate and fair value for their shares.”

“After a comprehensive and rigorous strategic review process, we are pleased to have agreed terms on a transaction with Blue Wolf that has the full support of LOGISTEC’s Board of Directors and Special Committee,” said J. Mark Rodger, LOGISTEC’s Chairman of the Board of Directors and of its Special Committee. “After careful deliberation, the Special Committee and the Board of Directors have unanimously concluded that the transaction is fair to LOGISTEC’s shareholders and is in the best interests of LOGISTEC and its employees and other stakeholders.”

LOGISTEC will Remain a Quebec Based Business with Significant Blue Wolf Investment

“Blue Wolf is excited to enter the Québec market with this acquisition, which represents excellent prospects for continued growth for both of the Corporation’s business segments and throughout North America,” said Bennet Grill, Principal at Blue Wolf. Natalie Marjancik, Partner at Blue Wolf, added, “We are committed to maintaining LOGISTEC’s core values of quality and innovative services, respect for people and the environment. We look forward to continued growth and working alongside the current management teams in place in Québec and elsewhere.”

Blue Wolf’s business plan is anchored in making significant contributions to the business and to the Québec and Canadian economy, including:

  • Maintaining LOGISTEC’s head office in the Province of Québec;
  • Working with the current management teams to drive continued growth in the operations and employment of the business;
  • Future investment of more than $200 million in capital expenditures and growth initiatives; and
  • Continuing contributions to current charitable and social causes in Québec supported by LOGISTEC.

Other Investment Partners

Blue Wolf is funding its portion of the purchase price with capital it manages on behalf of its limited partners via private equity fund capital as well as select co-investors, together with an additional preferred investment in the Purchaser by Stonepeak.

“The specialized services LOGISTEC provides through its terminal operations to a diversified global customer base make it a quality infrastructure asset,” said James Wyper, Senior Managing Director at Stonepeak. “Between its Marine Services and Environmental Services business, which is focused on rehabilitating aging water infrastructure and remediating soil, we believe in the compelling opportunities for growth and in the future success of LOGISTEC. We are excited to support the Corporation, in partnership with Blue Wolf, in its next chapter.”

“The gouvernement du Québec through Investissement Québec is in discussion with Blue Wolf for a potential investment in the Corporation,” said Guy LeBlanc, President and CEO of Investissement Québec (“IQ“). “IQ’s potential participation in the Corporation will support Blue Wolf’s commitment to maintain LOGISTEC’s headquarters and operations in Québec and to continue to make investments in Québec. We would like to thank and congratulate the Paquin Family for having built a sector champion solidly anchored in Québec.”

LOGISTEC Board Recommendation

LOGISTEC’s Board of Directors has evaluated the Arrangement Agreement with the Corporation’s management and legal and financial advisors, and following the receipt and review of the unanimous recommendation of the Special Committee, the Board of Directors has unanimously determined that the transaction is in the best interests of LOGISTEC and is fair to its shareholders, and unanimously recommends that LOGISTEC’s shareholders approve the transaction.

Each of TD Securities Inc., as exclusive financial advisor to the Corporation, and Blair Franklin Capital Partners Inc., as independent financial advisor to the Special Committee, has provided a fairness opinion to the Board of Directors and the Special Committee, respectively, to the effect that, as of the date thereof, and based upon and subject to the assumptions, limitations and qualifications stated therein, the consideration to be received by LOGISTEC shareholders under the transaction is fair, from a financial point of view, to such shareholders.

Transaction Details

The transaction will be implemented by way of a plan of arrangement under the Business Corporations Act (Québec) and is expected to close in the first quarter of 2024, subject to customary closing conditions, including the receipt of regulatory approvals and clearances in Canada and the United States, LOGISTEC shareholder approval and Court approval. The transaction is not subject to any financing condition.

Required LOGISTEC shareholder approval for the transaction will consist of at least 66⅔% of the votes cast on the transaction by holders of Class A Common Shares and Class B Subordinate Voting Shares voting together as a single class at a special meeting of LOGISTEC shareholders. Concurrently with the execution of the Arrangement Agreement, the Purchaser has entered into a voting support agreement with Sumanic Investments Inc., holding Class A Common Shares and Class B Subordinate Voting Shares representing approximately 77% of the voting rights attached to the issued and outstanding shares of the Corporation, and voting support agreements with each of the directors and executive officers who own shares of the Corporation, pursuant to which they have agreed to vote all shares held by them in favour of the transaction, subject to customary exceptions.

The Arrangement Agreement contains non-solicitation covenants on the part of the Corporation, subject to the customary “fiduciary out” provisions. A termination fee of $32 million would be payable by the Corporation to the Purchaser in certain circumstances, including in the context of a superior proposal supported by the Corporation. The Corporation would also be entitled to a reverse termination fee of $59 million if the transaction is not completed in certain circumstances.

Following completion of the transaction, the Corporation will become a privately held company and will apply to cease to be a reporting issuer under Canadian securities laws and the Class A Common Shares and Class B Subordinate Voting Shares will no longer be publicly traded on the Toronto Stock Exchange.

Additional information regarding the transaction will be included in an information circular that LOGISTEC will prepare, file and mail to LOGISTEC shareholders in advance of the special meeting to be held to consider and approve the transaction. Copies of the Arrangement Agreement and the information circular will be available under the Corporation’s profile on SEDAR+ on www.sedarplus.ca.

Advisors

TD Securities Inc. is acting as exclusive financial advisor to the Corporation and Blair Franklin Capital Partners Inc. is acting as independent financial advisor to the Special Committee. Rothschild & Co is acting as exclusive financial advisor to Blue Wolf. Stikeman Elliott LLP is acting as independent legal advisor to the Special Committee and Fasken Martineau DuMoulin LLP and K&L Gates LLP as legal advisors to the Corporation. McCarthy Tétrault LLP and Willkie Farr & Gallagher LLP are acting as legal advisors to Blue Wolf. Davies Ward Phillips & Vineberg LLP is acting as legal advisor to Sumanic Investments Inc.

About LOGISTEC Corporation

LOGISTEC Corporation is based in Montréal (QC) and provides specialized services to the marine community and industrial companies in the areas of bulk, break-bulk and container cargo handling in 60 ports and 90 terminals located in North America. LOGISTEC also offers marine transportation services geared primarily to the Arctic coastal trade as well as marine agency services to shipowners and operators serving the Canadian market. Furthermore, the Corporation operates in the environmental industry where it provides services to industrial, municipal, and other governmental customers for the renewal of underground water mains, dredging, dewatering, contaminated soils and materials management, site remediation, risk assessment, and manufacturing of fluid transportation products.

The Corporation has been profitable and has paid regular dividends since becoming public and payments have grown steadily over the years. A public company since 1969, LOGISTEC’s shares are listed on the Toronto Stock Exchange under the ticker symbols LGT.A and LGT.B. More information can be obtained on the Corporation’s website at www.logistec.com.

About Blue Wolf Capital Partners

Blue Wolf Capital Partners LLC is a private equity firm that focuses on value investments in middle market companies in the healthcare and industrial sectors. The firm’s integrated team of investment professionals and veteran operating executives work collaboratively to generate returns by driving transformational change using operational and strategic experience. Blue Wolf seeks to invest in businesses that have catalysts for value creation that involve organizational transformation, complex union or human capital issues, significant government presence,  or the opportunity to use ESG-informed strategies. For additional information, please visit www.bluewolfcapital.com.

About Stonepeak

Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $57.1 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, and to have a positive impact on the communities in which it operates. Stonepeak sponsors investment vehicles focused on private equity and credit. The firm provides capital, operational support, and committed partnership to sustainably grow investments in its target sectors, which include communications, energy and energy transition, transport and logistics, social infrastructure, and real estate. Stonepeak is headquartered in New York with offices in Hong Kong, Houston, London, Singapore, and Sydney. For more information, please visit www.stonepeak.com.

Early Warning Disclosure

As at the date hereof, Sumanic Investments Inc. (“Sumanic”) owns 5,802,578 Class A Common Shares and 6,600 Class B Subordinate Voting Shares, representing approximately 45% of the issued and outstanding shares of LOGISTEC and 77% of the outstanding votes of LOGISTEC, and currently files early warning reports pursuant to the requirements of Regulation 62-104 respecting Take-Over Bids and lssuer Bids and Regulation 62-103 respecting the Early Warning System and Related Take-Over Bid and lnsider Reporting Issues with respect to LOGISTEC. An amended early warning report, stating that Sumanic has entered into a support and voting agreement with the Purchaser pursuant to which it has agreed to vote, at the special meeting of the shareholders of LOGISTEC, in favour of the arrangement contemplated by the Arrangement Agreement will be filed with the applicable securities commissions and will be made available on SEDAR+ at www.sedarplus.ca. Further information, including a copy of the early warning report may be obtained by contacting Madeleine Paquin, director of Sumanic at 514-237-2949 and Nicole Paquin, director of Sumanic, at 514-212-2325.

Forward-Looking Statements

This press release contains forward-looking information, within the meaning of applicable securities legislation, including statements relating to the anticipated benefits of the transaction for the Corporation and its stakeholders, regulatory, shareholder and Court approvals and the anticipated timing of completion of the transaction. These forward-looking statements express, as of the date of this press release, the estimates, predictions, projections, expectations, or opinions of the Corporation about future events or results, including the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary regulatory, shareholder and Court approvals, the ability of the parties to satisfy, in a timely manner, the other conditions to the closing of the transaction and the completion of the transaction on expected terms, the impact of the transaction and the dedication of substantial resources from the Corporation to pursuing the transaction on the Corporation’s ability to maintain its current business relationships and its current and future operations, financial condition and prospects and statements relating to IQ’s potential participation in the transaction and any potential related undertakings in connection therewith. Although the Corporation believes that the expectations produced by these forward-looking statements are founded on valid and reasonable bases and assumptions, these forward-looking statements are inherently subject to important uncertainties and contingencies, many of which are beyond the Corporation’s control, such that the Corporation’s performance may differ significantly from the predicted performance expressed or presented in such forward-looking statements. The important risks and uncertainties that may cause the actual results and future events to differ significantly from the expectations currently expressed include the possibility that the transaction will not be completed on the terms and conditions, or on the timing, currently contemplated, and that it may not be completed at all, due to a failure to obtain or satisfy, in a timely manner or otherwise, required regulatory, shareholder and Court approvals and other conditions to the closing of the transaction or for other reasons; the failure to complete the transaction which could negatively impact the price of the shares or otherwise affect the business of the Corporation; the dedication of significant resources to pursuing the transaction and the restrictions imposed on the Corporation while the transaction is pending; the uncertainty surrounding the transaction that could adversely affect the Corporation’s retention of customers and business partners; the occurrence of a material adverse effect leading to the termination of the Arrangement Agreement, as well as the additional risks and uncertainties examined under business risks in the Corporation’s 2022 annual report. The transaction contemplated in this press release is not contingent on IQ’s participation in the transaction. The reader of this press release is thus cautioned not to place undue reliance on these forward-looking statements. The Corporation undertakes no obligation to update or revise these forward-looking statements, except as required by law.

For further information:

Investors

Carl Delisle, CPA auditor
Chief Financial Officer and Treasurer
LOGISTEC Corporation
cdelisle@logistec.com
(514) 985-2390

Media

Mary-Chantal Savoy
Vice-President, Strategy and Communications
LOGISTEC Corporation
Phone: (514) 985-2337
msavoy@logistec.com

For Enquiries about Blue Wolf

Anna Fernandes
Ryan Public Affairs & Communications
anna@ryanap.com
(514) 973-6016

For Enquiries about Stonepeak

Kate Beers / Maya Brounstein
Communications
corporatecomms@stonepeak.com
+1 (212) 907-5100

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Bain Capital And Conren Tramway Partner to Invest Over €600 Million In Iberian Logistics

BainCapital

Bain Capital And Conren Tramway Partner to Invest Over €600 Million In Iberian Logistics

  • Joint venture (JV) on track to acquire land in Valencia with 92,000 sqm of GLA
  • JV will acquire and develop warehouses in Iberia to the highest ESG standards
  • Partnership consolidates the launch of Conren Tramway’s logistics division
  • Bain Capital to expand its existing c.400,000 sqm logistics portfolio to include Spain

MADRID and LONDON – June 26, 2023 – Bain Capital, a leading private investment firm and Conren Tramway (CT), a leading Spanish real estate investment and development firm, have announced the launch of a JV to co-invest over €600 million into the acquisition and development of logistics in Spain and Portugal over the next five years.

In Spain, the JV will target consolidated and growing logistics hubs nationwide including Madrid, Catalonia, Valencia and Southern Spain. In Portugal, the focus will be on the hubs in Lisbon and Porto.

The JV will focus on delivering grade A logistics to suit the whole range of operator demand, including big box, cross-docking, cold storage and last mile. To design and reposition the assets, the JV will apply CT’s Design Principles and benefit from Bain Capital’s global expertise in logistics investment. The CT team has extensive experience working with clients to tailor the design, construction, functionality, and sustainability of assets to their business needs.

Additionally, the partnership is focused on delivering assets that meet the highest ESG standards including, where appropriate, photovoltaic panels, EV chargers, sustainable construction materials and innovative façades, roofing, and pavements.

CT has an extensive track record of investment and development in the Spanish market, with dedicated teams covering each phase of the investment cycle. Its logistics division, CT Logistics, is led by José María Gutiérrez and Juan Manuel Esteban, with a combined 40 years’ experience investing in, developing, and managing logistics warehouses. Prior to joining CT, they helped create the largest portfolio of logistics assets in Spain, totalling 2.8 million sqm and owned by Merlin Properties, a major real estate investor. Luke Treasure and Gerard Cuevas, with backgrounds at Hines and Goodman, respectively, will support the team in design, construction and sustainability.

As the majority shareholder and financial partner, Bain Capital has a long track record of partnering with local investors and managers globally to capitalise on investment opportunities in sectors with strong fundamentals and growth potential. It has developed c.400,000 sqm of logistics platforms in Poland and Italy, where it focuses on ground-up development in sought after micro-locations, and locations in close proximity to the main logistics corridors, respectively.

JV kicks off with the acquisition of a 92,000 sqm GLA plot in Valencia

The JV  has secured a plot in Loriguilla (Valencia) with total GLA of 92,000 sqm. The asset will be developed to the highest ESG standards.

The Loriguilla project is located near the junction of the A3 and A7 motorways, a strategic logistics area due to its easy access to Valencia’s cargo port and good connectivity with the rest of Spain. Available space in the area is currently limited.

A dynamic market with strong fundamentals

The Iberian logistics market is attracting increasing international attention, leading to a four-fold increase in annual investment volumes in Spain since 2016. The historically low levels of available space are expected to continue to drive rental growth in the short term. In 2022, Madrid, Catalonia, and Valencia had record levels of logistics leases, with rising rents and falling vacancy rates at the most consolidated hubs.

Rafael Coste Campos, Managing Director at Bain Capital comments, “We are pleased to launch this new JV as we expand our logistics services across Southern Europe, in particular Spain and Portugal. We have a solid track record of establishing logistics platforms in markets with strong fundamentals, controlling c.400,000 sqm in Europe alongside two best-in-class JV partners. Our global investment expertise is complimented by CT who have a strong track record of investment and development in Iberia. We look forward to working with them on this project.”

As Paco Hugas, co-CEO of CT, explains, “After having invested more than €1.3 billion and assembled an organisation of 50 people with offices in Madrid and Barcelona, CT manages all functions of the value chain, including acquisitions, urban planning, development and asset and lease management, distinguishing itself for its ability to accommodate user needs through innovation in product design. CT is well positioned to expand and diversify its investment programme leveraging its values and processes, and the logistics market presents a good opportunity to deploy our skills as an investor, developer, and manager with a long-term commitment. To that end, the firm, which invariably invests jointly with primary capital from private and institutional investors, has found the ideal partner in Bain Capital”.

José María Gutiérrez, Managing Director of CT Logistics, says, “Our team’s four decades of experience in the logistics market has shown us how important it is for our clients to have real estate partners who understand their needs and know how to reflect those needs in the design of next generation logistics projects, while working alongside them as they grow their operations. CT and Bain Capital are ideally poised to perform this role over time” .

###

About Conren Tramway

Conren Tramway (CT) is a Spanish real estate development and investment firm with a portfolio of assets including office buildings, mixed-use projects, residential properties, and logistics warehouses.

CT was founded as a specialist in the office market. In recent years, the firm has expanded its investment strategy to cover  other segments, including residential, and currently develops assets totalling over 350,000 sqm. Among other remarkable projects, CT currently spearheads the development of the largest mixed use eco-district in Spain, laMercedes, with a total of 185,000 sqm.

The company has a multidisciplinary team of almost 50 people, including investment analysts, architects, project managers, asset, leasing and property managers, who cover the entire lifecycle of real estate assets from CT offices in Madrid and Barcelona.

Learn more: https://conrentramway.com

About Bain Capital Special Situations

Bain Capital Special Situations has $15 billion in assets under management and has invested $28 billion since its founding in 2002. We provide bespoke capital solutions to meet the diverse needs of companies, entrepreneurs, and asset owners – in all market cycles. The strategy brings together credit and equity expertise, as well as corporate and real asset expertise, to provide solutions which cannot be met by traditional providers. We invest globally across capital structures in corporate debt and structured capital solutions, distressed assets, non-performing loans, hard asset opportunities, and growth equity. Our dedicated, global team of 100 investment and portfolio professionals contribute the local expertise and capabilities that enable these diverse investments.

Learn more: https://baincapitalspecialsituations.com/

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Renta acquires Mylift

IK Partners

Renta Group Oy (“Renta Group” or “Renta”) has reached an agreement to acquire Mylift Holding AS (“Mylift” or “the Company”). Mylift is a Norwegian general rental company operating in the northern part of Oslo and in Innlandet. Mylift also provides scaffolding services through its subsidiary Mylift & Borud Stillas AS. The Company has eight depots, more than 200 employees and annual revenues of more than NOK 360 million.

The acquisition marks a continuation in Renta’s strategy towards building a nationwide rental network, strengthening Renta’s presence in Oslo and extending the rental network to Innlandet, further north from Oslo. Through this latest addition, Renta will have more than 500 employees across 33 depots in Norway. In addition, the acquisition of Mylift strengthens Renta’s product and service offering, particularly in the site modules product category as well as in scaffolding services. Furthermore, Renta will get access to a broader customer base, especially through Mylift’s customers in the event business and by adding site modules to Renta’s offering in Norway.

Mylift’s customer-centric business model and highly complementary geographic presence and product offering, makes it an excellent fit for Renta. Mylift will continue to serve its customers with the same local approach and high-quality services as before and further benefit from implementing Renta’s cutting edge digital solutions to enhance their services.

The acquisition is expected to be completed following a review and approval by the Norwegian Competition Authority.

Kari Aulasmaa, CEO of Renta Group, said:

“We are thrilled to join forces with Mylift, a profitable and rapidly growing company with a reputation of providing high-quality services. Through the acquisition, Renta makes another step forward in building a fully nationwide coverage in Norway, while at the same time strengthening strategically important product and service areas. Mylift’s complementary presence and offering provides an excellent platform for continued growth for us in Norway. We would like to extend a warm welcome to the Mylift team and look forward to working with them.“

Knut Rindal, CEO of Mylift, said:

“We are genuinely glad to become a part of Renta Group, which adheres to highest operational standards and has ambitious plans for the future. I am convinced that Renta will provide a good home for our employees and that we will be able to further develop our services towards our customers as part of Renta. It was important for us that the chosen strategic partner shares the same values that we have followed in our operations, and I truly believe that Renta is the perfect choice. I am certain that together with Renta we will become even stronger and be able to accelerate growth in the Norwegian rental market.”

Enquiries: ir@renta.com

About Renta Group

Renta Group is a Northern European full-service equipment rental company founded in 2015. Renta has operations in Finland, Sweden, Norway, Denmark, Poland, and the Baltics, with 137 depots and over 1,500 employees. Renta is a general rental company with a wide range of construction machines and equipment along with related services. In addition to operating a network of rental depots, Renta is a supplier of scaffolding and weather-protection services. For more information, please visit www.renta.com

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About Mylift

Mylift Holding AS is a Norwegian general rental company founded in 2010.Through subsidiary Mylift & Borud Stillas AS, Mylift also provides scaffolding services. The company has eight depots and more than 170 employees. For more information, visit https://mylift.no/

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Apollo Infrastructure Funds Announce Structured Equity Investment in Intermodal Tank Transport

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Apollo

NEW YORK, June 13, 2023 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that funds managed by Apollo affiliates (the “Apollo Funds”) have agreed to make a structured equity investment in Intermodal Tank Transport (“ITT” or the “Company”), a leading global provider of ISO tank transportation logistics and depot services for bulk-liquid chemical and food-grade products. ITT will continue to be led by President and Chief Executive Officer Jon Hulsey and the existing management team. Financial terms were not disclosed.

Founded in 1993, Intermodal Tank Transport is a recognized leader in ISO tank container transportation and logistics, serving hundreds of customers via its leading tank fleet and depot locations. ITT serves an essential role in the transportation value chain, arranging end-to-end logistics of bulk liquids for blue-chip customers across all major modes of transportation.

In addition to being the largest U.S.-based ISO tank operator, the Company provides ISO tank maintenance, cleaning and inspection services across its global depot network. In the current market environment, ISO tanks are becoming an increasingly favored mode of transport due to higher reliability, safety, flexibility and ease-of-use compared to other alternatives.

“We are thrilled to partner with Apollo to help accelerate our next phase of growth,” said Jon Hulsey, President and CEO of ITT. “We have a number of compelling opportunities to strengthen our global platform, and we believe Apollo’s deep understanding of our business, scale and extensive value-creation expertise will help us unlock the significant growth potential of our business. I look forward to continuing to lead the dedicated, hardworking team at ITT as we continue driving value and enhancing customer experience.”

“Jon and the team have done an exceptional job building ITT into an industry leader with high-quality assets and an unwavering commitment to customer service,” said David Cohen, Partner at Apollo. “As food, chemical and other industries increasingly turn to ISO tanks for reliable, safe transport, we believe ITT is well positioned to expand its leadership position as a specialty logistics provider serving supply chains and owners of infrastructure around the globe.”

“This investment in ITT demonstrates our ability to partner with leading global businesses and management teams to unlock value in complex operating environments,” said Dylan Foo, Head of Global Infrastructure at Apollo. “With our flexible capital, global resources and significant industry experience, we believe we are well positioned to support Jon and the ITT team as they continue to drive sustainable long-term success.”

Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to the Apollo Funds. ITT was advised by Raymond James & Associates, Inc. as financial advisor and McGinnis Lochridge LLP as legal advisor.

About Intermodal Tank Transport
Intermodal Tank Transport a leading global provider of ISO tank transportation logistics and depot services for bulk-liquid chemical and food-grade products. Founded in 1993, the company has demonstrated consistent growth for nearly three decades. Headquarters in the United States, ITT serves a global client base of blue-chip customers from 15 offices around the globe spanning North America, South America, Europe and Asia.

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2023, Apollo had approximately $598 billion of assets under management. To learn more, please visit www.apollo.com.

Apollo Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822 0491
Communications@apollo.com

 


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Ratos Company Speed Group to acquire Supplier Partner

Ratos

Speed Group (Speed) has signed an agreement to acquire Supplier Partner, a Gothenburg-based company in industrial logistics. Through the acquisition, Speed broadens its offer within the industrial segment and expands its presence in expansive Arendal near the port of Gothenburg.

Speed is one of Sweden’s largest suppliers of logistics services, 3PL and 4PL. Now the company is further strengthening its customer offering through the acquisition of Supplier Partner.

“The acquisition of Supplier Partner is a result of Ratos’s long-term work to identify and attract niche profitable businesses within industries we know well and where clear synergies can be extracted. The acquisition strengthens Speed’s customer offering in the core business of industrial logistics,” says Christian Johansson Gebauer, Chairman of the Board of Speed Group and President, Business Area Construction & Services, Ratos.

“We have a pronounced acquisition strategy where the focus is on synergistic and profitable companies that can broaden our customer offering within attractive niches. This is where Supplier Partner fits in well. We see great potential in the company’s customer offer and look forward to continuing to develop the business together with the management and all talented employees,” says Jesper Andersson, CEO of Speed Group.

Supplier Partner has a turnover of approximately SEK 60 million and the former main shareholder, Dick Karlsson, now chooses to divest.

About Speed Group
Speed offers sustainable, flexible and innovative solutions to complex logistics and staffing challenges. Sustainability permeates the entire business, and the aim is to be carbon neutral by 2025. Speed has its head office in Borås, Sweden, and logistics centres in Borås, Gothenburg and Stockholm covering a combined total of more than 220,000 square metres. The company has sales of just over SEK 1.1 billion and approximately 1,500 employees.

For further information, please contact:
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21
Jesper Andersson, CEO, Speed Group, +46 70 816 68 37

About Ratos
Ratos is a business group consisting of 16 companies divided into three business areas: Construction & Services, Consumer and Industry. The companies have approximately SEK 32 billion in net sales (LTM). Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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Leading railway ERP software provider RailCube finds strategic partner in Main Capital Partners

Main Capital Partners

RailCube, supplier of innovative software solutions for railway undertakings, announces a majority investment by strategic software investor Main Capital Partners. The partnership with Main represents an important step in the development of RailCube, which is looking to further enhance its position as the go-to ERP partner for railway undertakings. Through a continued focus on innovation and product development, RailCube and Main will jointly aim to further enhance the proposition of RailCube to clients across the globe.

RailCube, founded in 2011, is a market leading ERP software provider for the railway market. RailCube offers a broad range of features for railway undertakings within a single application including modules to manage operations and safety, staff & HR, finance and BI capabilities. Through an ERP solution for planners and office workers and a mobile application for train drivers, developed under stewardship of co-Founder Ernstjan Aalbersberg, RailCube offers a comprehensive suite that helps railway undertakings automate core processes across all domains of the business.

Over the years, RailCube has become an increasingly internationally oriented organization, today catering to a loyal customer base of over 85 railway undertakings across 20 European countries and Australia. As a result, RailCube’s solution can support local and multinational railway undertakings such as launching customer the LTE Group (Austria), Deutsche Bahn Cargo, Pacific National (Australia), Hector Rail (Sweden) and Rail Cargo Austria in their connectivity needs with industry systems, platforms and regional infrastructure managers across European markets.

“We are very excited to announce this major next step in the growth journey of RailCube”, stated Dennis Hendriksen. “The investment by Main marks a crucial turning point, empowering RailCube to expand to new continents while maintaining focus on controlled and sustainable growth. We are deeply committed to support our clients in the optimization of their operations and safety management, and look forward to further enhancing the quality of our service offerings for existing and new clients alike in collaboration with Main.”

Sjoerd Aarts, Partner at Main and Chairman of the Supervisory Board at RailCube: “We consider RailCube a leading innovator in the railway industry with a strong market position across European markets. We foresee great potential for further market expansion, within Europe and beyond, and will aim to further enhance RailCube’s value proposition for customers and partners in the years to come, through a combination of autonomous growth and selective strategic buy-&-build opportunities. We are very excited about the journey ahead, and look forward to a successful partnership with Ernstjan, Dennis, and the entire RailCube organization.”

About RailCube
RailCube is the leading ERP solution for railway undertakings seeking reliable operations management and the highest safety standards. RailCube is multilingual, multi-referential and is compatible with the interoperability standards for data exchange between international systems respecting industry-standard UIC standards. Most importantly, the solution can fit into the railway “ecosystem” by connecting to existing operational and third-party systems. RailCube’s team of 45 professionals working across Europe and Australia enable its users to efficiently allocate (human) resources, while ensuring compliance with local and international safety and quality standards.

About Main Capital Partners
Main Capital Partners is a leading software investor managing investment funds active in Northwestern Europe and North America. Main has 20 years of experience in software investing and works closely with the management teams in its portfolio as a strategic partner, in order to achieve sustainable growth and larger outstanding software groups. Main has 60 employees and offices in The Hague, Stockholm, Düsseldorf, Antwerp and an affiliated office in Boston. Main has over 2.2 billion euros in assets under management and currently has an active portfolio of over 40 software groups. Together, these companies provide about 9,000 jobs.

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KKR and Palm Capital sell Greenogue logistics portfolio in Dublin, Ireland

KKR

KKR and Palm Capital sell Greenogue logistics portfolio in Dublin, Ireland

Dublin, Ireland, March 30, 2023 – KKR, a leading global investment firm, and Palm Capital, the pan-European real estate private equity specialist, today announced the sale of Building One and Two, Greenogue Logistics Park, to Ingka Investments, the investment arm of Ingka Group, the largest IKEA franchisee.

 

Completed in late 2022, Greenogue Logistics Park was KKR and Palm Capital’s first logistics development in Ireland comprising of three state-of-the-art logistics buildings extending to over 450,000 sq ft. The Greenogue development achieved market leading sustainability credentials, reaching LEED Silver status and a BER rating of A2. Indeed, it was not only the largest speculatively developed warehouse ever built in Ireland but also the first to target LEED Silver accreditation.

 

Building One attracted leading tenants, Tosca Services and Napier Couriers, one of Ireland’s largest courier businesses. Building Two was let to Wincanton and IKEA UK & Ireland, and will operate as IKEA UK & Ireland’s new national distribution centre for the Irish market. Ireland is one of the most important markets for IKEA Retail worldwide. Greenogue Logistics Park was chosen by IKEA UK & Ireland after a long period of careful selection and vetting, providing an outstanding validation to the immense work achieved by KKR and Palm Capital.

 

Seb d’Avanzo, Managing Director and Head of European Real Estate Acquisitions at KKR, commented:  “We are delighted to have achieved this milestone. Having identified the undersupply of modern logistics facilities in Dublin, in conjunction with our strategic partner Palm Capital, the project was delivered on time and on budget and leased up to best in class operators.”

Reda Khatim, Managing Partner and founder of Palm Capital, continued: “The success of our investment in Greenogue Logistics Park follows our investment thesis of investing in core logistics in maturing and structurally under-supplied markets. We witnessed pent-up demand for high quality space in Ireland driven by Brexit disruptions, fast ecommerce penetration and much needed market consolidation. The outcome of our investment decision was this best-in-class logistics asset let to institutional grade tenants, thereby creating a truly institutional product. And robust value for our investors.”

 

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About Palm Capital

Palm Logistics is a dedicated logistics investor and developer with operations and offices in London, Dublin and Madrid. With a dedicated Irish based team, Palm is one of the largest industrial and logistics landlords in Ireland with over 150 properties, 130 tenants and a total area exceeding 3,000,000 sq ft under management. Palm Logistics’ developments in Ireland are also supported by leading Irish architects and property management experts.

 

Media

 

KKR

Alastair Elwen / Sophia Johnston

FGS Global
T: +44 20 7251 3801

E: KKR-Lon@FGSGlobal.com

 

Palm Capital

MKC Communications

T: +353 86 813 7512

E: tim@mkc.ie

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CapMan Buyout exits Malte Månson to Accent Equity

Capman

CapMan Buyout press release
10 February 2023 at 18:30 p.m. EET

CapMan Buyout exits Malte Månson to Accent Equity

Funds managed by CapMan Buyout have agreed to sell their holdings in Malte Månson, the largest independent service and repair provider for trucks and transportation vehicles in Sweden, to Accent Equity.

CapMan invested in Malte Månson in 2014 and has since focused on growing the company’s workshop chain organically and through acquisitions. Today, the company operates 17 workshops across Sweden and employs 180 people. The company’s turnover and profitability have developed favourably in recent years and the company is well-positioned to continue the consolidation of the fragmented Swedish and Nordic truck workshop markets.

“Over the past few year’s Malte Månson has embraced a growth-oriented winning culture rooted in customer satisfaction. The company has an exceptionally satisfied customer base with frequently returning customers and a high propensity to recommend Malte Månson to others. I would like to thank Malte Månson’s management team and employees for an excellent co-operation over the years. The company is now well-positioned to continue on its growth trajectory together with its new owner Accent Equity,” says Tobias Karte, Partner at CapMan Buyout.

“I would like to extend my warmest thanks to CapMan and our Board of Directors for the positive support over many years. We have demonstrated strong performance over the past three years as we almost doubled our turnover. Profitability has increased radically and Malte Månson has a solid foundation in strategically located workshops and a market-leading position among independent service and repair providers for commercial vehicles in Sweden. I am very proud of what we have accomplished and thrilled with the opportunity to be part of this exciting journey,” says Staffan Lindewald, CEO of Malte Månson.

Closing of the transaction is expected during the spring of 2023 and is subject to regulatory approvals and customary closing conditions.

For more information, please contact:

Tobias Karte, Partner, CapMan Buyout, +46 73 344 28 96

Staffan Lindewald, CEO, Malte Månson +46 70 829 91 21

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 €5 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. Altogether, CapMan employs around 190 people in Helsinki, Stockholm, Copenhagen, Oslo, 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.

About Malte Månson

Malte Månson is the largest independent service and repair provider of commercial vehicles in Sweden where the essence of operations is quality and a strong customer focus. The company has during the past years experienced significant growth through a combination of organic growth initiatives and add-on acquisitions and is now operating 17 workshops. The company employs c. 180 FTE and is expected to generate sales of c. SEK 400m during 2023.

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Boasso Global and Quala to Merge, Creating a Leading Infrastructure Service Provider for Liquid Bulk Logistics Industry

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Advent International

Tampa, FL – February 9, 2023 – Boasso Global, Inc. (“Boasso”) and Q Super Holdings, Inc. (“Quala”) today announced the signing of a definitive agreement under which the companies will merge their complementary businesses to create one of the leading infrastructure services solution providers for the liquid bulk logistics industry. The transaction is supported by a new investment from Boasso’s majority shareholder, KKR, through its KKR Global Infrastructure Investors IV fund. Under the terms of the agreement, KKR will inject further growth capital into Boasso to facilitate the merger with Quala via a purchase of shares from Advent International (“Advent”) and invest in the strategic combination of the two businesses.

Quala is one of the North American leaders in liquid bulk container cleaning and maintenance services, including tank trailer, ISO tank container, railcar and IBC cleaning, and Boasso is a leading provider of mission-critical infrastructure services for the ISO tank container industry in North America and Europe. Upon completion of the merger, the companies will combine their complementary geographical footprints and service offerings to deliver enhanced solutions for customers across the liquid bulk logistics industry in North America and Europe.

“Boasso and Quala are premier infrastructure service providers to the global liquid bulk logistics ecosystem with trusted reputations and highly complementary networks and service offerings,” said Dash Lane, Partner at KKR. “This transaction is about growth and empowering the two great teams led by Joe Troy and Scott Harrison to come together and make long-term investments in quality, safety and superior solutions for customers.”

Joe Troy, Chief Executive Officer of Boasso, said: “We are focused on meeting the needs of our global customers and the combination of Boasso and Quala makes perfect strategic sense. This transaction will enhance our ability to deliver safe, compliant and best-in-class services to our ISO tank container customers and meaningfully expand our access to more locations across North America to better serve their needs. This is a rare opportunity to put together two Tampa-based, complementary businesses and I am excited to work with Scott and his talented team to unite the best of our organizations with a focus on enhanced efficiency and growing our range of premium solutions for the liquid bulk logistics industry.”

Scott Harrison, Chief Executive Officer of Quala, said: “Our organizations not only have a strong commercial relationship, but also shared cultures of delivering excellence, innovation and safety for our customers. This combination with Boasso and new investment from KKR will allow us to advance our position as a leading provider of container cleaning and maintenance services while continuing to seamlessly meet our customers’ needs. Together Quala and Boasso will benefit from greater connectivity to our customers, an expanded global footprint and new opportunities for our team members as part of a larger combined organization.”

Since Advent’s investment in Quala in 2016, the company cemented its position as the largest independent tank wash, inspection, maintenance and repair solutions provider in North America. Through both organic and inorganic initiatives, Quala has grown significantly, expanding across services and markets to further enhance its customer offering. Under Advent’s ownership, the company invested heavily in building out the platform – including critical investments in safety, talent and technology. Quala’s accomplishments include developing a proprietary technology suite, OnTrax, to make Quala’s services more seamless for customers. Advent’s investment enabled Quala to scale its footprint from 60 locations and 500 employees to 119 locations and over 1,800 employees today and the company has achieved substantial profitable growth across key metrics while building and growing its employee stock ownership program.

Stephen Hoffmeister, Managing Director at Advent International, said: “We have been proud to partner with Scott and Quala’s senior leadership team as they have transformed their company into an industry leader. The Quala management team has delivered compelling performance by driving an employee first culture, technological innovation and customer excellence. Quala is a well invested platform strategically positioned to continue its success and make important investments for its people.”

The transaction, which is subject to the receipt of required regulatory approvals and satisfying other customary closing conditions, is expected to close in the first half of 2023. Boasso and KKR were advised by Simpson Thacher & Bartlett, LLP as legal counsel and by Citi as financial advisor. Quala and Advent were advised by Weil Gotshal & Manges, LLP as legal counsel and by Credit Suisse as lead financial advisor and Bank of America as financial advisor.

About Boasso Global

Headquartered in Tampa, Florida, Boasso Global is a leading international provider of depot and transportation services to a fast-growing, global ISO tank container industry. Boasso offers a multitude of mission-critical services through a network of 34 international depots, including 17 in North America, 8 in the United Kingdom, and 9 in Continental Europe. Boasso is a Responsible Care certified member within the American Chemistry Council. For more information, visit www.boassoglobal.com.

 

About Quala

Headquartered in Tampa, Florida, Quala is the largest independent provider of comprehensive cleaning, test, and repair services for Tank Trailers, ISO Containers, IBCs, and Railcars. Founded in 1986, the company began independent operations in 2009 and today has 119 locations. For more information about Quala, visit our website at www.quala.us.com.

 

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

 

About Advent International

About Advent International
Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 405 private equity investments across 42 countries, and as of September 30, 2022, had €91 billion in assets under management. With 15 offices in 12 countries, Advent has established a globally integrated team of over 290 private equity investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; health care; industrial; retail, consumer and leisure; and technology. For over 35 years, Advent has been dedicated to international investing and remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.

For more information, visit
Website: www.adventinternational.com
LinkedIn: www.linkedin.com/company/advent-international

 

Media contacts

For Boasso:
Kyle Parks, B2 Communications
727-895-5030
kyle@b2communications.com

For Quala:
Paul Hofley
248-219-0012
Phofley@quala.us.com

For KKR:
Miles Radcliffe-Trenner
212-750-8300
media@kkr.com

For Advent:
Zachary Tramonti / Anna Epstein
FGS Global
212-687-8080
adventinternational-us@fgsglobal.com

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