Audax Private Equity Announces Acquisition of DISA Global Solutions

Audax Group

Audax Private Equity (“Audax”) announced the acquisition of DISA Global Solutions, Inc. (“DISA” or the “Company”), a leading tech-enabled provider of employee screening, compliance, and workplace health & safety solutions, from Court Square Capital Partners. Financial terms of the transaction were not disclosed.

Headquartered in Houston, Texas with operations across the U.S., DISA specializes in providing a comprehensive suite of employee testing, screening, and compliance management solutions to a diverse set of end markets. The Company differentiates itself through its proprietary consortium model, speed and quality of its full suite of testing and screening services, direct-lab network, and leading proprietary technology database & customer platforms. DISA remains focused on growing organically and through acquisition, and is seeking add-on acquisitions that help to expand its geographical footprint, enter into new end-markets, and strengthen its core existing service portfolio.

John Peterson, CEO of DISA, commented, “We are thrilled to be partnering with Audax as we enter an exciting new chapter in our history. This investment will help DISA accelerate growth and expand its employee screening, compliance, and workplace health & safety solutions offerings to customers. Partnering with Audax will enhance our ability to continue doing what we do best – providing trusted solutions to our clients.”

“We are excited to work with John and the management team at DISA. Under their leadership, the Company has differentiated itself in a large and highly fragmented market by establishing a broad portfolio of comprehensive and best in class solutions. These solutions are critical in helping DISA’s customers deliver a safer workplace for both their employees and the environment,” said Young Lee, Managing Director at Audax Private Equity. “We look forward to leveraging our prior experience and working with John and the rest of the management team’s leadership to drive growth both organically and through strategic M&A.”

Beau Thomas, Managing Director at Audax Private Equity, added, “DISA is a distinguished leader in the employee screening, compliance, and workplace health & safety solutions space. We look forward to supporting the Company through investments in technology, innovation, and talent to help accelerate the platform’s growth in both existing and new verticals and to continue to provide best in class solutions for its customers.”

Harris Williams served as financial advisor to Audax and Piper Sandler and Stifel served as financial advisors to the Company. Ropes & Gray served as legal counsel to Audax and Dechert served as legal counsel to the Company.

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CD&R to acquire Atalian and OCS to form a Global Facilities Management Platform

Clayton Dubilier Rice

Platform Forged with Two Leading Family-Owned Businesses

Atalian OCS Logo
Thursday, July 28, 2022
London and New York

Clayton, Dubilier & Rice (“CD&R”) announced agreements under which CD&R Fund XI and affiliates will acquire the Facilities Services business of OCS Group (“OCS”) and have made a binding and irrevocable offer to acquire Atalian, approval of which is subject to the information and consultation requirements of its works councils. The transactions will create a global facilities management (“FM”) platform centered around two leading family-owned businesses.

The platform will be a global FM player with a leading presence in Europe and Asia-Pacific across cleaning, security, catering, and multi-technical services, among others.

“We are excited by the opportunities that the creation of this platform represents,” said Christian Rochat, CD&R Partner. “Both companies operate in established markets with steady long-term trends. They fit well together with similar values and customer-focused philosophies. We look forward to supporting the teams in developing a leading FM platform with an enhanced customer proposition, drive growth and operating excellence.”

The acquisitions are subject to the above-mentioned conditions and clearance from the relevant regulatory authorities. They are expected to be completed in the second half of 2022.

About Clayton, Dubilier & Rice
Founded in 1978, Clayton, Dubilier & Rice is a private investment firm with a strategy predicated on building stronger, more profitable businesses. Since inception, CD&R has managed the investment of more than $40 billion in more than 100 companies with an aggregate transaction value of more than $175 billion. The Firm has offices in New York and London. For more information, please visit www.cdr-inc.com.

About Atalian
Atalian is one of the world leaders in Facility Management. An independent company established across four continents, Atalian supports organisations in the outsourcing of services for buildings. The company offers cleaning, catering, security, and other building services. Atalian operates in the most diverse business sectors and environments with a global and integrated range of services that meet the highest requirements. For more information, please visit atalian.com.

About OCS Facilities Services
OCS delivers critical and essential services to support more than 20,000 customers to keep their businesses running 24 hours a day. From offices and hospitals to stadiums and retail parks, to manufacturing plants, airports and courtrooms, OCS protects assets and people, delivering services to customers across multiple sectors in communities every day. 68,000 colleagues expertly deliver an essential and comprehensive range of facilities management services internationally, including in the UK, Ireland, Middle East, India, Thailand, Malaysia, Australia, New Zealand, Cambodia and Bangladesh. For more information, please visit www.ocs.com.

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RedBird Capital Partners to Acquire Talent Systems, The Industry’s Premier Tech-Driven Global Casting Marketplace

Redbird capital

LOS ANGELES & NEW YORK–(BUSINESS WIRE)–RedBird Capital Partners (“RedBird”), along with private markets investment firm StepStone Group (Nasdaq: STEP), today announced a definitive agreement to acquire a majority stake in Talent Systems, the preeminent casting software and talent marketplace for the entertainment industry. Talent Systems was formed by Co-CEOs Rafi Gordon and Alex Amin and in 2021 managed over 50,000 projects and more than 2 million auditions, facilitating the effective discovery, auditioning and hiring of talent across film, television, commercials, theater and digital productions. Financial terms were not disclosed.

With the deepest pool of professional talent and project roles, Talent Systems delivers valuable solutions to all constituents across the casting process, including performers, studios, networks, casting directors, and talent and creative agencies. Its platform is supported by its interconnected brands that include Casting Networks, Spotlight, Cast It Systems, Casting Frontier and the recently acquired eTribez Casting Platform and Staff Me Up.

Andy Gordon, Partner at RedBird, said, “With Talent Systems, Rafi and Alex have created a platform that offers efficiencies to a media and entertainment ecosystem managing a massive increase in supply and demand of content creation. Drawing on RedBird’s investment experience and relationships in the industry, together we have an opportunity to continue to scale their business when it is needed most. We are also pleased that Rafi and Alex, along with their leadership team and existing financial partner Caltius, will continue to have a significant equity stake going forward.”

Talent Systems Co-CEOs Rafi Gordon and Alex Amin added, “RedBird’s extensive track record of building long-term, successful businesses coupled with its deep expertise in the entertainment industry makes them the ideal partner to scale Talent Systems. We’re confident that the partnership and resources that RedBird brings will add to the company’s trajectory and our primary goal of delivering best-in-class technology capabilities to our customers across the talent, casting director, studio, and agency segments.”

“Talent Systems is committed to delivering value to its members across the entertainment ecosystem,” said Garrick Ahn, Managing Director at Caltius Equity Partners. “We are excited to have RedBird as the lead partner for Talent Systems’ next phase of growth and are pleased to continue as a minority investor going forward.”

Fried, Frank, Harris, Shriver & Jacobson LLP served as legal advisor to RedBird. William Blair served as financial advisor to Talent Systems, and Morgan Lewis & Bockius LLP served as legal advisor to the company.

About Talent Systems

Talent Systems, LLC is the leading technology solution provider for casting and auditioning to the entertainment industry. Casting directors and agents worldwide use Talent Systems’ portfolio of products to source and manage talent across film, television, commercials, theater and digital projects, powering an unparalleled, global casting software ecosystem. Talent Systems is headquartered in Los Angeles and operates in the US, Canada, Mexico, UK, Australia and India.

About RedBird Capital Partners

RedBird Capital Partners is a private investment firm focused on building high-growth companies alongside entrepreneurs in its four areas of domain expertise: sports, media, consumer and financial services. Founded by former Goldman Sachs Partner Gerry Cardinale in 2014, RedBird today manages over $6 billion of capital on behalf of a highly curated group of blue-chip global institutional and family office investors. RedBird’s network of entrepreneurs is central to its investment sourcing and company-building strategy that helps founders achieve their business objectives and long-term vision. Since inception, RedBird has invested in over 30 platform companies and 80 add on acquisitions with total enterprise value exceeding $30 billion. For more information, please go to www.redbirdcap.com.

Contacts

Media

Melissa Zukerman/Paul Pflug
Principal Communications Group
melissa@pcommgroup.com
paul@pcommgroup.com
323-658-1555

Dan Gagnier
Gagnier Communications
dg@gagnierfc.com
646-569-5897

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Textkernel expands value proposition for staffers through combination with Akyla

Main Capital Partners

Textkernel, an Amsterdam-based global leader in AI-driven recruitment and talent management technology, has made a strategic combination with best-of-breed staffing app and portal specialist Akyla.

Akyla marks the second step in the international buy-and-build strategy of Textkernel since its management teamed up with strategic software investor Main Capital Partners (“Main”) in October 2020. Last year, Textkernel successfully acquired U.S-based competitor Sovren to solidify the group’s position as a global market leader in AI-driven parsing and search-&-match technology.

Like Textkernel, Akyla is considered a true best-of-breed solutions provider in the HR software market. Akyla is a provider of flexible mid-office working platform solutions that enable automated recruitment, selection and efficient management of flex workers. The company offers two innovative solutions (e-UUR and Xplican) that assist customers with administrative processes involved in the management of flex workers, including onboarding, hourly registration, time interpretation, digital signing and vendor management.

The organizations foresee opportunities for a strong and unique combined product proposition that will competitively position the combination in the market. Notably, by gathering richer and more actionable data, the combination will improve the effectiveness of the search & match algorithms of Textkernel and empower staffing organizations to more effectively match candidates and jobs at the right time automatically. Candidates will enjoy a more tailored and suitable offering of potential jobs, which should lead to higher redeployment and placement rates for staffing agencies and a higher degree of job satisfaction and employee productivity for flex workers, while lowering the sourcing costs and efforts of staffing agencies.

Together, Akyla and Textkernel serve a combined customer base of more than 2,500 organizations, including staffing organizations, payrollers, corporates, job boards, HR solutions providers and other participants in the broader HR market.

Martin Schievink, CEO of Akyla, is excited to join forces with the internationally experienced Textkernel team and looking forward to the cooperation: “Textkernel is an excellent strategic match for Akyla. We share similar cultures and ambitions to help staffing organizations around the globe with our propositions.

Gerard Mulder, CEO of Textkernel, foresees a fruitful strategic partnership with strong potential to offer a value-added proposition together with Akyla to staffing organizations and software partners across international markets: “While exploring the opportunity for cooperation the response to our ideas from customers and partners were nothing but extremely positive. That feedback, combined with our very similar cultures and go-to-market strategy and Akyla’s wish to become more internationally active, strengthened our belief that joining forces will accelerate the growth of both companies significantly.

Main Capital has long been in contact with the leadership of Akyla and envisions a productive strategic combination that could bring sustainable competitive advantage, according to Pieter van Bodegraven, Partner at Main and Chair of the Supervisory Board of Textkernel: “We strongly believe in putting together driven and passionate entrepreneurs to accelerate innovation for the benefit of their clients. Over the past 20 years, this has been a key value creation driver in the successful organic and buy-and-build growth strategies we have executed together with our business partners. With Akyla and Textkernel, we combine two organizations that are both renowned for their skills and expertise within their respective adjacent domains of the HR ecosystem.

Textkernel
Textkernel is an international leader in AI-driven solutions for parsing, data enrichment and matching people and jobs. Textkernel enables thousands of recruitment & staffing agencies, employers, job boards, HR software vendors and outplacement & redeployment agencies worldwide to work smarter and more effectively by creating efficiencies in the HR and recruitment process. Textkernel is headquartered in Amsterdam, with satellite offices in Dusseldorf, Paris and the United States. Including Akyla, the group employs ca. 175 people.

Akyla
Akyla is a provider of flexible mid-office working platform solutions that enable automated recruitment, selection and efficient management of flex workers. The company offers innovative solutions that assist customers with all administrative processes involved in the management of flex workers. Headed by its co-founders, Akyla’s ca. 30 employees serve a loyal customer base of more than 200 staffers, payrollers and HR services providers across the Benelux and Nordics regions.

Main Capital Partners
Main Capital Partners is a leading software investor in the Benelux, DACH and the Nordics. Main has almost 20 years of experience in strengthening software companies and works closely together with management teams of its portfolio companies as a strategic partner, in order to realize sustainable growth and build excellent software groups. Main counts over 50 employees and has offices in The Hague, Stockholm and Düsseldorf. As of October 2021, Main has over EUR 2.2 billion of assets under management. Main has invested in more than 130 software companies to date. These companies have created jobs for approximately 5,000 employees.

Antares Partners with Hello Alice to Allocate $1M in Grants to Underrepresented Founders

Antares

CHICAGO–(BUSINESS WIRE)–Antares today announced the launch of REACH, a program designed to help level the playing field for entrepreneurs who are members of diverse and historically underrepresented groups including women, people of color, military-affiliated, persons with disabilities, or LGBTQ+. The initiative will allocate $1M of Antares’ own capital to a grant program in partnership with Hello Alice, a multichannel platform that helps businesses launch and grow.

“champion middle market growth so that its people, partners and communities achieve their full potential.”

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REACH aims to expand access to capital to historically underrepresented groups at their earliest foundational stages, which would otherwise be challenging to obtain due to a lack of personal or “Friends and Family” funds and a discrepancy in how venture capital dollars are disseminated. For example, in 2021, women-founded companies garnered less than 2 percent of capital invested in VC-backed startups in the US, and Black-owned startups received just over 1 percent.

“When we support entrepreneurs from historically underrepresented groups in their nascent stages, we’re helping to drive a more diverse pipeline of companies that will ultimately benefit from the support and capital that private equity provides,” said Timothy Lyne, CEO of Antares. “We are eager to partner with Hello Alice in an effort to accelerate the growth of these companies and drive sustainable diversity, equity and inclusion throughout the industry.”

REACH was designed and will be led by Antares’ Employee Impact Groups. It aligns to the firm’s business heritage and brings to life the company’s purpose which is to “champion middle market growth so that its people, partners and communities achieve their full potential.” The grant program, in partnership with Hello Alice, will award $20,000 grants to approximately 40 small businesses. To qualify, businesses must have a viable product or service with less than $5M in annual revenue and be operated by entrepreneurs of historically underrepresented groups. All recipients will be eligible to receive an additional $5,000 unrestricted grant after completing a post-grant report and will be given access to professional development opportunities through Hello Alice.

“Underrepresented founders continue to face hurdles when attempting to raise capital for their company, a discrepancy that only hinders their ability to grow and scale their businesses,” said Carolyn Rodz, Co-Founder and CEO of Hello Alice. “That’s why we are excited to partner with a company like Antares, a firm that is committed to leveraging its leadership and access to resources in the middle market to contribute to a meaningful and measurable impact for those who need it most.”

REACH is a key tenet of Antares’ We Build Community efforts, which also focuses on grassroots organizations that support historically underrepresented groups as well as giving back to the communities where Antares employees live and work. To learn more and apply, visit https://helloalice.com/grants/antares-capital/

About Hello Alice

Hello Alice is a free platform that provides small business owners the tools, resources and access to funding they need to grow their businesses. With a community of over 800,000 business owners in all 50 states, Hello Alice is building the largest community of small business owners in the country while tracking data and trends to increase the success rate for that group. Our partners include enterprise business services, government agencies, and institutions looking to serve small- and medium-business owners to ensure increased revenues and promote scale. A Latina owned company, founded by Carolyn Rodz and Elizabeth Gore, we believe in business for all by providing access to all small business owners including women, people of color, veterans, and everyone with an entrepreneurial spirit. To learn more, visit www.helloalice.com, as well as Twitter, LinkedIn, Instagram, and Facebook.

About Antares

With more than $50 billion of capital under management and administration as of December 31, 2021, Antares is a private debt credit manager and a leading provider of financing and investment solutions for middle-market private equity-backed borrowers and investors. Since its founding in 1996, Antares has built one of the industry’s largest and longest-tenured portfolios of middle market companies and has been recognized by industry organizations as a leading provider of middle market private debt. Through its Asset Management & Funding team, Antares offers investors the opportunity to invest in collateralized loan obligations, funds and separately managed accounts. Antares is committed to championing middle market growth throughout market cycles. Doing so allows its people, partners and communities to achieve their full potential. The company maintains offices in Atlanta, Chicago, Los Angeles, New York and Toronto. Visit Antares at www.antares.com or follow the company on LinkedIn at http://www.linkedin.com/company/antares-capital-lp. Antares Capital is a subsidiary of Antares Holdings LP, (collectively, “Antares”).

Contacts

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

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Bain Capital becomes new majority shareholder at House of HR

BainCapital

Roeselare (Belgium), May 28, 2022 – House of HR (“the Company”), a European leader in HR services, announced today that Bain Capital Private Equity – one of the world’s leading private investment firms – has entered into a share purchase agreement for the acquisition of a 55% stake in the Company. House of HR Management, Naxicap and founder Conny Vandendriessche will hold the remaining equity. The new strategic partnership will maintain the Company’s entrepreneurial spirit, help House of HR scale its unique platform into new markets and increase digital investments.

Bain Capital becomes new majority shareholder at House of HR

European leader

As a leader in HR services, House of HR places over 57,000 people each month across small, medium and large companies. Started in 1995 with one Accent office in Roeselare, Belgium, House of HR has grown and blossomed into a European group with over 4300 internal employees, €2.2 billion sales in 2021, and offices in Belgium, the Netherlands, France and Germany and recruitment agencies in Poland, Romania, Hungary and Spain, amongst others.

Sustained growth

House of HR has a multi-brand strategy stimulating local entrepreneurship to serve specialized markets allowing it to be one of the most growth-focussed and profitable platforms in the world.
House of HR continuously looks for new opportunities to invest in companies that can complement the House of HR offering, in terms of either industry specialization (e.g. healthcare, IT, public sector), candidate focus (e.g. engineering, legal, financial) or geographic spread.

House of HR’s focus on digital solutions for both candidates and customers helps meet workers’ increased demand for flexibility. House of HR is known for its market leading digital solutions, such as NOWJOBS (fully digital matching platform for students and flexworkers), SWOP, Gighouse and Book’u.

“With Bain Capital’s investment in House of HR, we start a new chapter in our incredible story,” says Rika Coppens, CEO of House of HR.  “We intend to continue our growth path, based on strong organic growth combined with targeted and specialized M&A in existing markets, DACH countries and the Nordics. All supported by continued focus on digitisation while maintaining a high standard when it comes to attention to people, both internal employees (our Happy Rebels) but also all our candidates.”

“It is rare to find such a unique platform with a vibrant, energetic ethos and outstanding management team as House of HR,” said Christophe Jacobs van Merlen, Managing Director, Bain Capital Private Equity.

“We have been impressed by HoHR’s specialized business model, underpinned by strong employee ownership which has generated sustained above-market growth for more than 10 years! This combined with a unique track record of successful M&A in this sector, which we look forward to accelerating. We’re pleased to be embarking on this partnership, with Naxicap and Conny Vandendriessche both keeping their wealth of expertise in the business,” said Matthias Boyer-Chammard, Managing Director, Bain Capital Private Equity.

“Since we first invested in 2012 in Accent Jobs (now House of HR), the Group has executed 37 acquisitions and has known two exceptional CEOs, instrumental in the success of House of HR. During this ten year journey, we have been surprised and often impressed by House of HR people. Their passion and warmness is contagious. We are proud to handover our position as a majority shareholder at House of HR, a Group that is stronger than ever, with a significant international footprint, generating ten times more profit than in 2012 and ready for a new growth path with a prominent shareholder like Bain Capital. Above all, I would like to thank all the people of House of HR and Conny Vandendriessche for this exceptional journey,” said Eric Aveillan, CEO, Naxicap Partners.

“I am really very happy that House of HR has found a new majority shareholder, that, like Naxicap did in the last 10 years, really understands the entrepreneurial and human centric DNA of the company. It has been a dream come true for me to see that House of HR turned into an international group that was born from 1 Accent office in Roeselare. That is also why I want to remain as a minority shareholder and board member so I can continue to show my support for all the great Happy Rebels that work for House of HR,” according to Conny Vandendriessche, founder of House of HR and board member.

The closing of the transaction remains subject to customary regulatory approvals in particular.

A group of financial institutions has committed to provide a debt financing package in support of Bain Capital’s acquisition of a majority stake in House of HR. The company’s existing Term Loan B, Senior Secured Notes and Senior Subordinated Notes are expected to be refinanced with private, including 2nd lien TLB facilities, and/or public debt financing on terms customary for similar acquisition financings at closing of the acquisition, which is expected to occur by the end of Q3, subject to customary regulatory approvals.

About House of HR

House of HR is a leading services group active in the world of HR. Headquartered in Roeselare (Belgium), the group consists of 10 companies (PowerHouses) that together represent over 40 brands (Boutiques), all focusing on ‘Engineering&Consulting’ and ‘Specialized Talent Solutions’. Within ‘Engineering&Consulting’ medium to highly skilled candidates such as engineers, technicians and other business consultants are active in projects at clients in a wide range of market segments. ‘Specialized Talent Solutions’ provides temporary workers with an emphasis on ‘temp to perm’, digital and international recruitment and permanent placements for clients in need of people with specific profiles. The group also launched a couple of successful digital solutions such as NOWJOBS, Book’u, SWOP and Gighouse.

For more info, visit www.houseofhr.com  

About Bain Capital Private Equity

Bain Capital Private Equity (www.baincapitalprivateequity.com) has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since its founding in 1984. Bain Capital Private Equity’s global team of approximately 600 professionals create value for its portfolio companies through its global platform and depth of expertise in key vertical industries including healthcare, consumer/retail, financial and business services, industrials, and technology, media and telecommunications. Bain Capital has offices in Boston, Chicago, New York, Palo Alto, San Francisco, Dublin, London, Luxembourg, Madrid, Munich, Guangzhou, Melbourne, Mumbai, Hong Kong, Seoul, Shanghai, Sydney and Tokyo. The firm has made primary or add-on investments in more than 1,000 companies since its inception. In addition to private equity, Bain Capital invests across asset classes including credit, real estate, public equity and venture capital, managing more than €150 billion in total and leveraging the firm’s shared platform to capture opportunities in strategic areas of focus.
For more information, visit www.baincapitalprivateequity.com

About Naxicap Partners

As one of the top private equity firms in France, Naxicap Partners – an affiliate of Natixis Investment Managers – has €6 billion in assets under management. As a committed, responsible investor, Naxicap Partners builds solid, constructive partnerships with entrepreneurs so that their projects can succeed. The firm has 58 investment professionals spread across five offices in Paris, Lyon, Toulouse, Nantes and Frankfurt.

For more information, visit www.naxicap.fr/en

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The Specialist Group to be sold to Oaktree and TSG Management

Parcom

The Specialist Group (“TSG”), Parcom and funds managed by Oaktree Capital Management, L.P. (“Oaktree”) today announced that TSG founder Francois Claeijs and Parcom have reached an agreement to sell their stake in TSG to Oaktree and TSG management.

Headquartered in Moerdijk, Netherlands, TSG is a leading staffing provider of technical engineering specialists for attractive, structurally growing end markets such as power, chemicals, infrastructure, renewables and life sciences. TSG also serves as a key partner to its clients and asset owners, supporting them on their energy transition agenda, a segment underpinned by persistent tailwinds. Parcom acquired STAR Group, TSG’s flagship label, in 2011, and has supported the company’s expansion strategy through the acquisitions of Sentijn in 2018 and Or-Quest in 2020.

The proposed transaction will support TSG as it accelerates its next phase of growth. As an Oaktree portfolio company, TSG will benefit from Oaktree’s expertise in energy transition and from the exposure to the wider portfolio of Brookfield, one of the world’s largest infrastructure and renewable asset owners and developers.

Sil Hoeve, Chief Executive Officer at The Specialist Group: “In Oaktree we found a partner that can help us accelerate our strategy, adding scale, diversification and complementary offerings to the existing platform of TSG. We are grateful for the support and opportunities that Parcom has provided to TSG over the past years and we look forward to working with Francesco and the Oaktree team in the years to come.

Anouar Noudari, Board Member at The Specialist Group: “Throughout our ownership period, TSG has been on a steady growth trajectory. Sil and the TSG team have done an outstanding job leading the transition from a world class niche staffing business in the Oil & Gas industry to a highly scalable, multi brand specialist staffing platform for engineers driving the energy transition.”

Francesco Giuliani, Managing Director in Oaktree’s Power Opportunities Group: “Building on TSG’s established platform and track-record of successful acquisitions, we see a clear path to take TSG to the next phase of growth both organically and through additional acquisitions with a focus on energy transition. Working closely with Sil and the broader team, our goal is to create a European leader in white collar technical engineering recruitment services with a focus on enabling the energy transition for key companies across various target industries.”

The transaction is subject to customary closing conditions and is expected to close in Q3 2022.

About The Specialist Group
Group is a platform that deploys technical specialists on a secondment and project basis. TSG serves >350 clients across technical end-markets such as power, chemicals, infrastructure, renewables and life sciences with a focus on enabling the energy transition. The Company operates via five labels (STAR Group, Sentijn, Or-Quest, Fellow and ECC Solutions) and provides regional coverage across the Netherlands, Belgium and Germany, focussing on both young professionals and experienced candidates. More information: https://www.thespecialistgroup.com/.

About Oaktree
among global investment managers specializing in alternative investments, with $164 billion in assets under management as of 31 March 2022. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 1,000 employees and offices in 20 cities worldwide. More information: http://www.oaktreecapital.com/.

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Bain Capital Completes Acquisition of VXI Global Solutions

BainCapital

BOSTON and HONG KONG, May 25, 2022 – Bain Capital Private Equity (“Bain Capital”), a leading global, value-added investor, announced that it has completed its acquisition of VXI Global Solutions, a leading provider of Business Process Outsourcing (“BPO”) services to businesses around the world, from The Carlyle Group. Financial terms of the private transaction were not disclosed.

Bain Capital Completes Acquisition of VXI Global Solutions

Founded in Los Angeles in 1998, VXI Global Solutions provides innovative contact center and BPO services, omnichannel and multilingual support, software development, customer experience innovation, quality assurance and infrastructure outsourcing. VXI has more than 35,000 employees operating in 42 locations in North America, Asia, Europe, and the Caribbean and plays a key role in partnering with multinational businesses as they expand their reach around the world.

Bain Capital previously invested in VXI from 2012 – 2016. During this period, VXI further penetrated the Chinese and Central American markets. Also fueling the company’s growth was the acquisition of Symbio, a leading IT outsourcing provider, which expanded VXI’s global services offering and enhanced its competitive position in China.
David Zhou, Co-Founder and Co-CEO of VXI, said: “On behalf of my Co-Founder and Co-CEO, Eva Wang and the entire VXI team, I’m extremely grateful for the close and strategic relationship we’ve fostered with The Carlyle Group over the last five years. Their continued support and confidence allowed us to grow into the leading global Customer Experience (CX) firm we are today. Reuniting once again with Bain Capital will accelerate our obsessive pursuit of creating legendary and transformational experiences for our employees, our clients and their customers as we enter the next chapter of CX and CX Advisory services. We couldn’t have a better partner than Bain Capital as we continue to disrupt the CX space by enabling challenging perspectives, developing innovative tools and investing deeply in people to unlock the art of the possible.”

Jonathan Zhu, a Managing Director at Bain Capital Private Equity, said: “This investment is testament to Bain Capital’s advantage in founder partnership deals and the result of more than 10 years of relationship building. Over the past three years, VXI has demonstrated robust organic growth, and we are confident in David and his team’s ability to accelerate this trajectory.“

BofA Securities served as the exclusive financial advisor to Bain Capital Private Equity.

About Bain Capital Private Equity

Bain Capital Private Equity has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since its founding in 1984. Bain Capital Private Equity’s global team of more than 250 investment professionals creates value for its portfolio companies through its global platform and depth of expertise in key vertical industries including healthcare, consumer/retail, financial and business services, industrials, and technology, media and telecommunications. Bain Capital has 23 offices on four continents. The firm has made primary or add-on investments in more than 1,000 companies since its inception. In addition to private equity, Bain Capital invests across asset classes including credit, public equity, venture capital and real estate, managing approximately $160 billion in total and leveraging the firm’s shared platform to capture opportunities in strategic areas of focus.

For more information, visit: www.baincapital.com

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BDC exits HKA

Bridgepoint

Bridgepoint Development Capital (‘BDC’) today announced the sale of HKA, a leading global consultancy in risk mitigation and dispute resolution, to PAI Partners.

Headquartered in the United Kingdom, HKA provides a comprehensive set of specialist offerings, including Expert, Claims and Advisory services for the capital projects and infrastructure sector. The Company has over 130 partners and more than 1,000 experts, consultants and advisors across 40+ offices in 18 countries.

HKA works with law firms, contractors, owners, operators, and other professional service providers across the breadth of the risk mitigation and dispute resolution market. The Company’s global portfolio includes some of the world’s largest and most prestigious commissions across a wide range of industries including industrial & manufacturing, power & utilities, resources and energy transition, transportation infrastructure, buildings, technology, financial services and government contracts.

Under Bridgepoint’s ownership, HKA has seen significant growth in its Claims, Dispute Resolution and Litigation Support business and successfully developed new service lines, including its offerings in Forensic Technical Services and Forensic Accounting and Commercial Damages. The Company significantly expanded its US operations through the transformational acquisition of The Kenrich Group in 2019, creating the region’s largest construction claims consultancy as well as significantly strengthening HKA’s global capabilities in forensics, commercial damages and government contract services. In 2020, the Company bolstered its Forensic Technical Services offering by acquiring Probyn Miers, the UK’s leading firm of Expert Architects in the field of Construction Dispute Avoidance and Resolution.

PAI will support HKA’s management team in delivering their future growth plans, including accelerating HKA’s growth through development into adjacent services and through selective and targeted M&A opportunities.

“HKA has been a successful investment for Bridgepoint. Working closely with management, together we built significant value by establishing a strong partnership culture, focusing on strategic geographic markets and undertaking selective M&A as well as a comprehensive operational improvement programme. These initiatives mean that the business is now well positioned for further growth under new ownership,” said Jeannele M’Bembath, Director at Bridgepoint Development Capital.

Renny Borhan, CEO of HKA, commented: “I am extremely proud of the successes the team at HKA has achieved to date, and I am very thankful for Bridgepoint’s support and expertise over the last five years. We are very excited to be partnering with PAI Partners in the next phase of our growth.”

Neil McIlroy, Partner at PAI Partners, added: “HKA is uniquely positioned in the large and fragmented risk mitigation and dispute resolution market, with attractive long term growth prospects. We look forward to supporting Renny and his talented team as they pursue organic and inorganic initiatives to deliver their ambitious business strategy.”

PAI Partners was advised by Rothschild & Co. and DC Advisory (M&A); Weil, Gotshal & Manges LLP (Legal); Alvarez & Marsal (Financial); and Bain & Company (Commercial).

Bridgepoint was advised by J.P. Morgan (M&A); Travers Smith (Legal); BDO (Financial); and OC&C (Commercial).

The transaction is subject to customary closing conditions.

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Technology & Strategy merges Intys Partners and pursues further growth, with support of Ardian

Ardian

Technology & Strategy (T&S), the European specialist in technology consulting, announces that it has merged Intys Partners, one of the leading Belgian consulting firms in operations management and digital transformation, formerly held by Omnes.

With the support of Ardian’s Expansion team, T&S is positioned at the forefront of the European consulting and engineering industry.

Founded in 2008, T&S has established itself as a specialist in engineering, digital and project management consulting, with recognized expertise in embedded systems. The company has experienced very strong growth of more than 20% every year, both organically and externally. The merger with Intys Partners, a European firm recognized as a major partner in management consulting with more than 450 employees, is a new step for T&S in its “scale up 2024” plan. It aims to create a one-stop-shop for clients to access the best combination of specialists for their technological transformation.

The combined group will count more than 2,400 employees and show strong expertise, sector and geographic complementarities.

It is now a leading consulting firm, offering expertise in three primary areas: engineering consulting, digital consulting, and operational performance consulting. The geographical footprint is strongly reinforced in the Benelux and now extends from Europe (France, Switzerland, Germany, Benelux) to Asia (Hong Kong, Singapore).

As a multi-specialist player in high-growth niche markets, the merger with Intys Partners will enable the group to strengthen its sector expertise in Healthcare, which now represents 13% of combined revenues.

Attracting new talent – an essential pillar to the Group’s strategy – will be strengthened by offering opportunities for career growth and opportunities to work abroad.

Globally, new synergies resulting from the integration of Intys Partners will enable T&S group to develop around strong brands which are better able to serve clients.

“Intys is above all a meeting with a manager and a company with a similar history to the one of T&S. The strong complementarity of our offers, our businesses and above all of our people will enable us to achieve our common ambition of going further, stronger, together. ” Jérémie Huss, Co-Founder and CEO of T&S Group

“Recently, one of our major clients told me: “Intys, we greatly appreciate your ability to understand our business, but also the innovative way you look at our projects. The question I want to ask you is, when will you be ready to deliver the same level of quality not only in Belgium, but also further abroad?” Today, with this merger, I am convinced that we are ready. “ Philippe Metz, CEO of Intys

“Supporting high-growth, ambitious companies looking to expand outside their home market is at the heart of our investment philosophy. We are pleased to support the management of T&S in this new stage of development, which confirms the group’s abilitý to continue its growth while participating in the consolidation of the sector.” Marie Arnaud-Battandier, Managing Director Ardian Expansion

List of Participants

  • Technology & Strategy:

    • Jérémie Huss, Fabrice Tricaud
  • Intys Partners:

    • Philippe Metz, Michel Van Hemele, Katrien De Both
  • Ardian Expansion:

    • Marie Arnaud-Battandier, Arthur de Salins, Thomas Grétéré
  • Buyer Legal advisors:

    • CMS (Arnaud Van Oekel, David Prync, Candice Kunkera)
  • Tax structuring:

    • CMS (Olivier Querinjean), Delaby & Dorison (Emmanuel Delaby, Florian Tumoine, Guillaume Lacombe)
  • Buyer financing advisors:

    • Latham & Watkins (Michel Houdayer, Aurélie Buchinet, Matthieu Herviaux)
  • Buyer M&A advisors:

    • Houlihan Lokey (Sara Napolitano, Gary Kurtz, Zaid Lahsiba)
  • Commercial Due Diligence:

    • Roland Berger (Grégoire Tondreau, Benjamin Verhelst)
  • Financial Due Diligence:

    • 8 Advisory (Philippe Fimmers, Margot De Vylder, Florent Garnier, Pierre-David Forterre, Alain Kabera)
  • Legal, Tax and Social Due Diligence:

    • CMS (Arnaud Van Oekel, Benoit Gomel, David Prync, Candice Kunkera)
  • Omnes :

    • Stéphane Roussilhe, Jess Wizman, Céleste Lauriot Dit Prevost
  • Seller Legal advisors :

    • Hoche Avocats (Grine Lahreche, Sophie Millet)
  • Management Legal advisors:

    • Liedekerke (Damien Conem, Charline Cogels)

ABOUT TECHNOLOGY & STRATEGY

Technology & Strategy is a company created in 2008. Specialized in Engineering, IT, Digital and Project Management, T&S supports its customers on innovative development projects. T&S also has an integrated design office to meet the requirements of the market.
Human oriented, and definitely focused on excellence, T&S is a company that shares its expertise with a constant concern for transparency. Technology & Strategy has been able to build trusting relationships with major clients in the industrial, automotive and financial sectors.
International, with a Franco-German DNA, T&S defends an entrepreneurial model supported by its 2000 employees, composed of 30 nationalities spread over 16 agencies and 7 countries (France, Germany, Switzerland, Belgium, United Kingdom, Singapore, Hong Kong).

ABOUT INTYS PARTNERS

Created in 2007, Intys now has more than 450 employees in 3 countries, with a strong base in Belgium. The company is recognized as a major consulting partner, particularly in the support and operationalization of strategies.
Its activities are structured around business expertise through 6 brands. Intys Consulting, Intys FSA and Univers Retail in Management Consulting, and Intys Data, Agir, and Vadis Technologies in Technology Consulting. This organization allows the development of an in-depth knowledge of both the sectors and the businesses of its clients, but also the sharing of best practices in terms of strategy execution.
Its ambition is to be a partner of choice for its customers and employees, to maintain its level of operational excellence, but also to have a stronger European footprint, even on other continents.

ABOUT ARDIAN

Ardian is one of the world’s leading private equity firms with $125 billion under management and/or advisory in Europe, the Americas and Asia. The company, majority owned by its employees, has always placed entrepreneurship at the heart of its approach and offers its international investors top-tier performance.
Through its commitment to sharing the value created with all stakeholders, Ardian contributes to the growth of companies and economies around the world.
Building on its values of excellence, loyalty and entrepreneurship, Ardian has an international network of over 850 employees in 15 offices in Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco), South America (Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). The firm manages funds for 1,200 clients through its five investment pillars: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

Media Contacts

TECHNOLOGY & STRATEGY

INTYS PARTNERS

Philippe Metz

philippe.metz@intys.eu