CDPQ to Become Largest Shareholder in Allied Universal

CdpqCaisse de dépôt et placement du Québec (“CDPQ”) announced today a major investment in Allied Universal (the “Company”), the leading security services provider in North America, alongside company management and Warburg Pincus and Wendel, its current financial partners. The transaction values Allied Universal at more than US$7 billion.

The investment from CDPQ will support the long-term growth and strategy of the largest provider of integrated manned guarding security services in North America. Part of CDPQ’s investment also consists of up to approximately $400 million of primary capital which will be used by the Company to pursue its growth strategy and execute on its pipeline of attractive M&A opportunities.

With annual revenues of approximately US$7 billion and more than 210,000 employees at over 38,000 client sites, Allied Universal is the largest and fastest growing security solutions provider in North America. The Company offers a mix of comprehensive manned guarding security services and innovative technology solutions, including systems integration and remote monitoring, to a broad and diversified group of customers.

“I am very proud to have one of the world’s leading institutional investors commit to Allied Universal and back our vision for success”, said Steve Jones, Chief Executive Officer of Allied Universal. “Our team has worked hard to build the best security company in the world.  We are all excited about the future of Allied Universal as well as our plans for continuing to grow both organically and through strategic acquisitions in both the manned guarding and technology sectors. We look forward to accomplishing great things with CDPQ as our long-term partner.”

“This investment, which represents one of the largest private transactions in business services, enables us to invest in a national leader in facility and security services, a sector that will continue to experience sustained organic growth and industry consolidation,” commented Stephane Etroy, Executive Vice-President and Head of Private Equity at CDPQ. “We look forward to supporting Allied Universal’s talented management team as they continue to grow this world-class business and build on its track record of providing its clients a customized mix of manned guarding and security technology solutions.”

Advisors

Citigroup Global Markets Inc. acted as financial advisor to CDPQ, and Kirkland & Ellis LLP acted as legal counsel to CDPQ. Barclays and Morgan Stanley & Co. LLC acted as financial advisors to Allied Universal, and Cleary Gottlieb Steen & Hamilton LLP acted as legal counsel to Allied Universal.

Transaction Process

The transaction is expected to close in the third quarter of 2019, following customary closing conditions, including regulatory approvals.

ABOUT ALLIED UNIVERSAL

Allied Universal, a leading security and facility services company with over 210,000 employees, provides unparalleled security services and solutions. The enterprise combines people and technology to deliver evolving, tailored solutions that allow our clients to focus on their core business. An unrelenting focus on clients’ success creates partnerships rooted in quality and value, and is supported by experience gained from being in business for over 60 years. Through our people and leading services, systems and solutions…Allied Universal is there for you. For more information, please visit www.aus.com.

ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC

Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2018, it held CA$308.3 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.

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Eres’ management team enters into exclusive negotiations with IK Investment Partners

ik-investment-partners

IK Investment Partners, a Pan-European private equity leader, announces that the IK VIII Fund has entered into exclusive negotiations to acquire a majority stake in Eres alongside the group’s management team and employees.

Eres, which is owned by its management team and Parquest Capital, is the leading French independent player in the advisory and structuring, asset management and distribution of employee profit sharing plans (PEE, PEI, PERCO and PERCOI), retirement schemes (PERP, PERE) and employee shareholding plans. Eres distributes its products through a network of more than 2,400 distributors (wealth management advisors, insurance brokers, accountants) and addresses directly Mid-sized companies and large groups.

The terms of the proposed transaction, which aims at enabling Eres to accelerate its development, are not disclosed.

Parties involved:

IK Investment Partners: Rémi Buttiaux, Dan Soudry, Thomas Grob, Vincent Elriz, Guillaume Veber
M&A advisor: Messier Maris & Associés (Driss Mernissi, Jérémy Langlois, Laura Scolan)
Legal advisors: Ayache Salama (Olivier Tordjman, Gwenaëlle de Kerviler)
Strategic advisor: Roland Berger (Christophe Angoulvant, Jean-Michel Cagin)
Financial advisor: Eight Advisory (Lionnel Gerard, François Gallizia)
Legal and tax due diligence: Ernst & Young (Matthieu Dautriat, Géraldine Roch)

Eres: Jérôme Dedeyan, Olivier de Fontenay, Nicolas Vachon, Hervé Righenzi de Villers, Mathieu Chauvin, Alexis de Rozières, Pierre-Emmanuel Sassonia
Parquest Capital: Pierre Decré, Thomas Babinet, Guillaume Brian
M&A advisor: Cambon Partners (David Salabi, Guillaume Eymar, Vincent Ruffat)
Legal advisor: Volt Associés (Lucas d’Orgeval, François-Joseph Brix)
Financial advisor: Grant Thornton (Emmanuel Riou)
Legal and tax due diligence: CMS Francis Lefebvre Avocats (Anne Grousset, Helena Vrignaud)

Financing Legal advisors: Ayache Salama (Alain Lévy, David Puzenat)

Unitranche debt funds: Hayfin (Fabrice Damien, Cécile Davies), Barings (Benjamin Gillet), Bridgepoint Credit (Olivier Meary, Maxime Alban)

Legal advisors for debt funds: Alerion (Stanislas Curien)

For further questions, please contact:

IK Investment Partners
Rémi Buttiaux, Partner
Phone: +44 207 304 43 00

Mikaela Murekian, Director Communications & ESG
Phone: +44 77 87 573 566
mikaela.murekian@ikinvest.com

About Eres
Eres has established itself as the leader within employee profit sharing (PEE, PEI, PERCO and PERCOI) and retirement schemes (PERP, PERE, article 83), thanks to a distribution network composed of independent wealth management advisors, insurance brokers and accountants. Since its inception, more than 2,400 distributors have become partners. Eres manages €2.3 billion in assets under management and has nearly 13,000 client companies and more than 160,000 employee beneficiaries in very small groups as well as large companies.

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised close to €10 billion of capital and invested in over 125 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com

About Parquest Capital
Set up in 2002, Parquest Capital is an independent investment firm with a well-established franchise on the French mid-market segment. Since its creation, Parquest Capital has achieved 25 investments under a philosophy of providing long-term support for projects with ambitious growth prospects, working alongside their management teams. In 2017, Parquest Capital successfully raised €310 million for its second fund since it gained independence from the ING Group in 2014. For more information: www.parquest.fr

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Lionpoint Group Announces Strategic Growth Investment from Blackstone

Blackstone

New York, February 20, 2019 – Lionpoint Group, a leading global “consult-tech” firm transforming alternative investments management and operations, announced that it closed a strategic investment from Blackstone.  The investment will help accelerate Lionpoint’s growth plans, as it continues to provide best-in-class strategy, transformation and technology solutions to the alternative investments market.

Lionpoint Group’s core consulting services consist of strategic advisory services; operating model review and design; technology roadmap development; system selection, implementation and integration; data modelling and analytics; and project management. Such services provide independent, pragmatic advice for alternative investment managers looking to support their business strategy with best-in-class operations and technology solutions.

Lionpoint Group works with a wide range of vendors across the industry, from specialist software solutions to industry agnostic cloud platforms. Lionpoint Group is a global Gold partner with Anaplan and has been a pioneer in developing accelerator solutions for private equity and debt, real estate and infrastructure.  In addition, the firm is a global partner with FIS’s Investran product suite, Yardi’s real estate investment management products, eFront’s product suite and Workiva’s reporting and disclosure management products, among others.

Blackstone Innovations – Blackstone’s information technology team – has successfully partnered with Lionpoint Group to deliver a range of tailored solutions across the business and into their portfolio companies.  Blackstone will provide the company ongoing support and expertise from the firm’s investing businesses, technology group and portfolio companies. Additionally, John Fitzpatrick, Managing Director for Blackstone Innovations, will join Lionpoint Group’s board of directors.

“Partnering with an industry leader like Blackstone provides major validation of our unique positioning within the alternative investments market and will help to accelerate development of IP and the growth of our company,” said Nick Moore, Co-Founder and Executive Director of Lionpoint Group. “Blackstone’s investment and collaboration in creating world class solutions for our private markets clients will provide significant operational improvement opportunities across the industry,” he added.

“We have had the opportunity to work closely with Lionpoint in creating and delivering transformative solutions within the Blackstone businesses” said John Fitzpatrick. “Their unique approach, domain expertise and deep product knowledge has enabled their team to understand and adapt to the complexities and challenges within our business.”
“This is a milestone achievement reflecting the quality of our team and execution capability across some of the most complex firms in the alternatives industry,” added Jonathan Balkin, Co-Founder and Executive Director.

“Blackstone has been impressed with the expertise and solution delivery capabilities of Lionpoint,” said Bill Murphy, Chief Technology Officer for Blackstone. “We look forward to supporting their continued growth and delivering further innovations to the industry.”

About Lionpoint Group
Lionpoint Group is a global consult tech firm focused on delivering operational transformation and enabling technology solutions to the alternative investments industry. We provide strategy and project-based services in process optimization, technology implementation, and end-to-end operational improvement across the front, middle and back office.  The company has offices in New York, San Francisco, London, Geneva and Sydney.

For additional information, please visit the Company’s website at www.lionpointgroup.com | LinkedIn: https://www.linkedin.com/company/lionpoint-group | Twitter: @lionpointgroup

About Blackstone
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with $472 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

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Motive Partners completes significant investment in Dun & Bradstreet

Motive Partners

Stephen C. Daffron, Industry Partner of Motive Partners,
Appointed President of Dun & Bradstreet

New York, London – February 11, 2019 – Motive Partners announced the completion of
the previously announced acquisition of Dun & Bradstreet (the “Company”) as part of an
investor group led by CC Capital, Cannae Holdings, Bilcar, LLC, Black Knight, Inc., and
funds affiliated with Thomas H. Lee Partners, L.P.

In connection with Motive Partners’ investment in Dunn & Bradstreet, Stephen C. Daffron,
Co-Founder and Industry Partner of Motive Partners and former President & Chief Executive
Officer of Interactive Data Corporation, has been appointed President of Dun & Bradstreet,
joining a leadership team comprised of William P. Foley II, Executive Chairman of the
Company’s Board of Directors, and Anthony Jabbour, Chief Executive Officer of the
Company.

Motive Labs’ experienced innovators, technologists and operators work with management
teams and business leaders to create value by delivering efficiency and unlocking revenue
opportunities through the application of emerging technologies. Today, Motive Labs works
with an international network of financial institutions, portfolio companies and strategic
partners to deliver market-leading innovation services and solutions.

Stephen C. Daffron, President of Dun & Bradstreet and Industry Partner of
Motive Partners, commented: “Dun & Bradstreet has 177 years of history serving
its global customer base, and we look forward to building upon this heritage with
enhanced business solutions that meet the evolving needs of our customers. I am
pleased to join the Company’s leadership team as President, and to work alongside
Bill and Anthony to help realize significant value at the Company. I am confident
that we can better serve our customers, accelerate growth and increase operating
efficiency, and I look forward to pursuing these objectives alongside my colleagues
at Dun & Bradstreet and with the support of Motive Labs, the innovation and valuecreation arm of Motive Partners.”

As a result of the completion of the transaction, shares of Dun & Bradstreet common stock
has ceased trading on the New York Stock Exchange (“NYSE”).
Gibson, Dunn & Crutcher, LLP served as legal counsel to Motive Partners in connection with
its investment in Dun & Bradstreet.

About Dun & Bradstreet
Dun & Bradstreet, the global leader in commercial data and analytics, enables companies
around the world to improve their business performance. Dun & Bradstreet’s Data Cloud
fuels solutions and delivers insights that empower customers to accelerate revenue, lower
cost, mitigate risk, and transform their businesses. Since 1841, companies of every size have
relied on Dun & Bradstreet to help them manage risk and reveal opportunity.

About Motive Partners
Motive Partners is a sector specialist investment firm that is focused on technology enabled
companies that power the financial services industry. Based in New York and London and
comprised of investors, operators and innovators, Motive Partners brings differentiated
expertise, connectivity and capabilities to create long-term value in financial technology
companies. Motive Labs works with a large international network of financial institutions,
portfolio companies and strategic partners to deliver market-leading innovation services
and solutions.

More information on Motive Partners can be found at www.motivepartners.com.
For more information please contact:

Media Enquiries:
Sam Tidswell-Norrish
+44 7855 910178 | pr@motivepartners.com

Investor Relations:
Brad Yankiver
+1 (212) 651-0200 | ir@motivepartners.com

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KKR Completes Acquisition of Ramky Enviro Engineers

KKR

KKR Global Impact Makes Second Investment

MUMBAI, India–(BUSINESS WIRE)–Feb. 10, 2019– Global investment firm KKR and Ramky Enviro Engineers Limited (“REEL” or the “Company”), a leading provider of environmental services and solutions in India and overseas, today announced the completion of their previously announced transaction. Under the terms of the transaction, KKR has acquired a 60% stake in REEL for approximately US$510 million via a combination of primary and secondary investments. In addition to investing in REEL from its KKR Asian Fund III, the investment is part of KKR’s Global Impact strategy, which is focused on identifying and investing behind businesses with positive social or environmental impact that measurably contribute solutions to one or more of the United Nations Sustainable Development Goals.

This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20190210005039/en/

M. Goutham Reddy, Managing Director & CEO of REEL, said, “India is home to some of the world’s most pressing waste management needs, and REEL has an important role to play in providing critical solutions to communities across the country. KKR’s expertise in environmental issue management, extensive global and local resources, and aligned vision to enact positive change makes KKR the ideal partner to help us keep pace with the environmental challenges facing our society and provide impactful solutions. We are off to a great start with multiple strong hires added to the management team and process enhancements work to better our ESG efforts.”

Rupen Jhaveri, Managing Director at KKR, added, “Supporting promising companies that offer solutions to global challenges in areas such as the environment, health and human capital has become an increasingly important focus for KKR worldwide. REEL is exemplary in being a comprehensive environmental management company whose work supports the Swachh Bharat (Clean India) Mission to reduce pollution and improve critical sanitation infrastructure nationwide. We are confident that, with our industry experience and resources, REEL will be better positioned to achieve its social mission over the long term.”

Robert Antablin and Ken Mehlman, Co-Heads of KKR Global Impact, said, “Responsibly managing waste is a critical global challenge, particularly in one of the world’s fastest growing nations. We believe REEL will address this critical need while advancing two of the United Nations Sustainable Development Goals.”

Over the last decade, KKR has been a leader in driving and protecting value throughout the firm’s private markets portfolio through thoughtful Environmental, Social and Governance (“ESG”) management, as well as measuring and reporting on performance to the public and investors. The firm also has a history of investing in businesses that promote sustainable solutions to societal challenges. This experience of responsible investment combined with a changing landscape of global challenges led to KKR’s decision to create a dedicated Global Impact business in 2018. KKR’s Impact strategy and investment in REEL will build on this experience.

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About Ramky Enviro Engineers

Ramky Enviro Engineers Limited (“REEL”) is a leading provider of comprehensive environmental management services. Through the provision of its technical and operational expertise, REEL offers cost-effective, custom solutions to a variety of complex environmental needs across areas including Industrial, Municipal and Medical Waste Management, Wastewater and Water Treatment, Environmental Services, Recycling and Remediation, among others. REEL today operates waste treatment facilities in more than 60 locations across India, Singapore, the Middle East, and Africa. The Company handles 3.5 million tons of municipal waste, 1 million tons of industrial waste, and caters to 20,000 healthcare establishments. Many of REEL’s facilities are ISO 9001-, ISO 14001-, ISO 17025- and OHSAS 18001-certified to ensure excellence in environmental and waste management. For more information, visit: http://ramkyenviroengineers.com.

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

Source: KKR

Media
KKR Asia
Anita Davis, +852 3602 7335
Anita.Davis@KKR.com
or
KKR Americas
Kristi Huller / Cara Major, +1 212-750-8300
Media@KKR.com
or
Edelman (For KKR India):
Siddharth Panicker, +91-9820-857-522
Siddharth.Panicker@Edelman.com

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Söderberg & Partners Welcomes KKR as a Significant Shareholder

KKR

Market leader in pensions advice, wealth management and non-life insurance receives investment from KKR to further develop its product portfolio and support international expansion

STOCKHOLM–(BUSINESS WIRE)–Feb. 8, 2019– Söderberg & Partners together with TA Associates and certain other selling shareholders have today reached an agreement on the terms of an investment from KKR, a leading global investment firm. KKR will acquire a substantial minority shareholding in the founder-led business, with Per-Olof Söderberg (Chairman and co-founder), Gustaf Rentzhog (CEO and co-founder) and other key founding members remaining as long-term shareholders.

The transaction is subject to ordinary conditions precedent including regulatory approval, and is expected to be completed during the second quarter of 2019.

Söderberg & Partners is a leading non-bank provider of wealth management and corporate pension and insurance services in the Nordic region and the Netherlands. Founded in 2004, the business has seen consistent growth in AUM and is the clear market leader in Sweden, and began its expansion across the Nordic region in 2014, entering the Norwegian, Danish and Finnish markets, and expanding its pension advisory service into the Netherlands.

KKR will continue to support and assist Söderberg & Partners on its strategy of rolling out its successful platform across the Nordic region and internationally, developing its product portfolio and services proposition, and enhancing its capabilities across investment management and research. The transaction builds on KKR’s successful track record in the Nordic region and globally of working with founder-entrepreneurs to support their growth objectives and further scale their businesses.

Per-Olof Söderberg, Chairman and co-founder, said: “I am extremely pleased to welcome KKR as a significant shareholder to help us deliver the next growth phase of Söderberg & Partners. We thank at the same time TA Associates for their strong support and partnership over the years that has enabled the company to become a leading player in the Nordic region.”

Gustaf Rentzhog, CEO and co-founder, said: “I look forward to working together with KKR to continue delivering our successful platform to companies and individuals both in existing and new markets. This enhances not only the position of, and possibilities for, Söderberg & Partners, but I also believe it will significantly enhance the products and services we are able to deliver to our customers. KKR brings investment and intellectual capital, a global network of financial and industrial experts, and an unrivalled understanding of global markets and macro-economic trends to Söderberg & Partners.”

Daan Knottenbelt, Member and Head of EMEA Financial Services at KKR, said: “We are delighted to be working with Per-Olof, Gustaf and the team at Söderberg & Partners. KKR has an exceptionally strong track record in the Nordic region and investing in founder-led businesses, and this, together with our in-depth understanding of financial intermediaries, differentiated us to the founders and management team. Söderberg & Partners benefits from an extremely strong business model and market position, as well as supportive growth dynamics, and we look forward to the next phase of the business’ development.”

Chris Parkin, Managing Director, TA Associates, said: “It has been our privilege to support Söderberg & Partners’ management in executing their growth strategy. Since we invested in 2014, Gustaf and team have consistently executed on their plan to create a leading independent wealth manager, pension adviser and insurance brokerage group. We confidently expect them to build on this success in the years ahead.”

KKR’s investment was made through its European Private Equity funds.

Citigroup Global Markets Limited acted as exclusive financial adviser and PG Magnusson Advokatbyrå AB and Mannheimer Swartling Advokatbyrå AB acted as legal advisors to the selling shareholders in connection with the transaction.

About Söderberg & Partners
Söderberg & Partners was founded in 2004 and is today a leading non-bank provider of wealth management and corporate insurance services in the Nordic region and the Netherlands. Söderberg & Partners has in 15 years achieved a market leading position with regards to customer satisfaction and market presence within all segments in which it is active. For additional information about Söderberg & Partners, please visit Söderberg & Partners’ website at www.soderbergpartners.se.

About KKR
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE:KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

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

Source: KKR

Media:
Söderberg & Partners
Louise Hagsten
Chief Communication & HR
louise.hagsten@soderbergpartners.se
+46 (0)76-149 50 17

KKR
Alastair Elwen
Finsbury
alastair.elwen@finsbury.com
+44 (0)20 7251 3801

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Onex’ SMG Announces Merger with AEG Facilities – – Forming ASM Global, a Dynamic Company Spanning Five Continents –

Onex

Los Angeles, CA, West Conshohocken, PA, Toronto, ON, February 7, 2019 – AEG Facilities, the venue management subsidiary of AEG, and SMG, an Onex (TSX: ONEX) portfolio company, today announced they have signed a definitive agreement to merge. This combination will create a new, standalone global facility management and venue services company that will operate as ASM Global (“ASM”). Onex and AEG’s subsidiary will each own 50% of the company following the completion of the transaction. The terms of the transaction were not disclosed.
ASM will be headquartered in Los Angeles, CA, with key operations based in West Conshohocken, PA, a suburb of Philadelphia. Led by the most experienced team in the industry, the company will operate a diversified portfolio of arenas, stadiums, convention centers and performing arts centers, with more than 310 venues across five continents.
Wes Westley, Chief Executive Officer and President of SMG, said, “This merger is a major step for our industry. We are excited to bring together these complementary businesses to further elevate the standard of excellence in venue management. We plan to accelerate innovation by combining our expertise to deliver increased value and offer enhanced capabilities to municipalities and venue owners worldwide. At the same time, we expect that this transaction will offer employees at both our corporate headquarters and field operations tremendous new opportunities.”
Bob Newman, current President of AEG Facilities and formerly a Regional Vice President at SMG, said, “It is an honor and privilege to be a part of this exciting new company, which brings together the two organizations where I have worked for the bulk of my professional career. This transaction draws upon the depth of our combined talent and resources to create an organization that will deliver value and long-term success, as well as innovative services to our clients around the world.”

Following the completion of the transaction, Mr. Newman will be named President and CEO of ASM. Mr. Westley will join ASM’s Board of Directors, where he will actively support the merger integration.

Dan Beckerman, President and Chief Executive Officer of AEG, said, “AEG Facilities has flourished under Bob’s leadership since it was established a decade ago and this combination will position ASM for growth by joining the resources and talents of these two companies. ASM will offer an impressive array of capabilities that will accelerate the development and deployment of new services and bring diverse business, sports and entertainment experiences to municipalities, partners and fans around the world.”

Amir Motamedi, a Managing Director of Onex, added, “With Wes at the helm, SMG became a gold standard in venue management. We are grateful for his stewardship over the last 25 years and look forward to his continued involvement on the board. Looking forward, we are thrilled to be partnering with Bob Newman and the talented AEG team to create a larger, more diverse company to better serve ASM’s clients.”
AEG will retain ownership of its real estate holdings outside of this venture, including its entertainment districts and owned venues in Los Angeles, London, Hamburg and Berlin, as well as its extensive development, sports, music and sponsorship divisions. Onex is contributing its entire equity investment in SMG into the merger. The transaction is expected to be completed later this year subject to customary closing conditions and regulatory approvals.

About Onex
Onex is one of the oldest and most successful private equity firms. Through its Onex Partners and ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with talented management teams. At Onex Credit, Onex manages and invests in leveraged loans, collateralized loan obligations and other credit securities. Onex has more than $33 billion of assets under management, including $6.9 billion of Onex proprietary capital, in private equity and credit securities. With offices in Toronto, New York, New Jersey and London, Onex and the team are collectively the largest investors across Onex’ platforms.
Onex’ businesses have assets of $52 billion, generate annual revenues of $32 billion and employ approximately 218,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.

About SMG
Founded in 1977, SMG provides management services to more than 240 public assembly facilities including convention and exhibition centers, arenas, stadiums, theatres, performing arts centers, equestrian facilities and a variety of other venues. With facilities across the globe, SMG manages more than 20 million square feet of exhibition space and over 1.6 million sports and entertainment seats. SMG provides venue management, sales, marketing, event booking and programming, construction and design consulting, and pre-opening services. SMG Europe manages entertainment venues and food and beverage operations at locations throughout Europe, including in the United Kingdom, Germany, and Poland. For more information visit www.smgworld.com or www.smg-europe.com.

About AEG Facilities
AEG Facilities is a subsidiary of AEG, a leading sports and live entertainment company. AEG Facilities operates some of the industry’s preeminent venues worldwide, across five continents, providing complete venue management, as well as specialized programs in operations, guest services, ticketing, booking, sales and marketing. AEG Facilities also provides its clients resources and access to other AEG-affiliated entities, including AEG Presents, one of the largest live music companies in the world, AEG Global Partnerships and AEG Real Estate, as well as such programs as AEG 1Earth and AEG Encore to support the success of its venues across the globe. For more information, please visit www.aegworldwide.com.

About AEG
Headquartered in Los Angeles, California, AEG is a leading sports and live entertainment company. With offices on five continents, AEG operates in the following business segments: AEG Facilities, which manages or consults with preeminent arenas, stadiums and convention centers around the world; AEG Presents, which is dedicated to all aspects of live contemporary music performances, including producing and promoting global and regional concert tours, music and special events and world-renowned festivals; AEG Real Estate, which develops world-class venues, as well as major sports and entertainment districts like STAPLES Center and L.A. LIVE; AEG Sports, which is the world’s largest operator of sports franchises and high-profile sporting events; and AEG Global Partnerships, which oversees worldwide sales and servicing of sponsorships including naming rights, premium seating and other strategic partnerships. Through its worldwide network of venues, portfolio of powerful sports and music brands and its integrated entertainment districts, AEG entertains more than 100 million guests annually. More information about AEG can be found at www.aegworldwide.com.

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

For further information:
Onex
Emilie Blouin
Director, Investor Relations
Tel: +1.416.362.7711
SMG
Steve Patterson
Res Publica Group
Tel: +1.312.504.7848
AEG and AEG Facilities
Michael Roth
VP, Communications
Tel: +1.213.472.7255

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Amethyst partners with Now Group

Cathay

Amethyst Group Limited (“Amethyst”) is delighted to announce a new partnership with Now Group UK Limited (“Now Group”) to provide its warehousing and distribution services.

Amethyst is a 3PL provider and offers full warehousing and distribution services to its clients from its bases in Warwickshire and Kent. Amethyst opened a new Super Hub at its Wellesbourne site in 2017 to provide high tech modern facilities to its client base. Amethyst services a number of well-known clients in toys & games, baby and fashion sectors. Amethyst, together with its sister company PNC Global Logistics, can also offer freight forwarding services Amethyst can manage your stock from factory to customer.

Now Group is a distributor of Outback BBQ’s, Bose, Denon and other high-end Audio equipment and personal breathalysers.

Allan Fosbrook, Amethyst Sales Director said, “Now Group have a great range of products and we are excited to be working with them to deliver a high quality responsive service”.

Hunter Abbott from Now Group said, “we are delighted to be working with Amethyst. We chose them because we required a company that knows how to deliver on time and in full as our brands required this to grow”.

Amethyst and PNC are part of the Cathay Investments group. For more information see www.amethystgroup.co.uk , www.pncgl.com , www.cathay-investments.com or contact Allan on 07730 982907, afosbrook@amethystgroup.co.uk.

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Polaris Private Equity Fund IV group acquires 100% of HITOWA Holdings Co., Ltd. from CVC Asia Fund IV and other shareholders

Acquisition includes HITOWA Holdings and its operating subsidiaries, collectively referred to as HITOWA Group

Polaris Private Equity Fund IV (“Polaris Fund IV”), managed by Polaris Capital Group Co., Ltd. (“Polaris”), and other investors have reached agreement to acquire 100% of the outstanding shares of HITOWA Holdings Co., Ltd. (“HITOWA Holdings”) in mid-March 2019 from majority shareholder CVC Asia Fund IV and other shareholders.

The acquisition includes HITOWA Holdings and its operating subsidiaries, collectively referred to as HITOWA Group (“the Group”). Established in 1997, the Group is engaged in three major businesses: (1) Franchise Business Services, which includes house cleaning service “Osoji Hompo”, and home visit rehabilitation and massage service “KEiROW”; (2) Elderly Care Services, a comprehensive business providing services including the development and operation of “Irize” nursing homes for the elderly across Japan; and (3) Childcare Support Services, a comprehensive business providing services including the development and operation of “Taiyo no ko” nursery schools mainly in Japan’s metropolitan area (Tokyo and the surrounding three prefectures).

In addition, the Group operates the following supplementary businesses: Staffing Services – which specializes in elderly care and childcare – and Food Services – which provides meals at facilities such as nursing homes for the elderly, nursing schools and other educational facilities, and company cafeterias. HITOWA Group maintains a strong presence in its target industries, having established dominant positions in elderly care and childcare support services, particularly in Japan’s largest metropolitan area. HITOWA Group also has a nationwide network of over 2,200 service locations for its Franchise Business Services.*

Yuji Kimura, Founder, President and CEO of Polaris Capital Group, added: “For the future growth of HITOWA Group, Polaris will offer the company its full support, working to raise its enterprise value by sharing know-how acquired through years of highly successful investments, including into service providers and franchise service businesses. After the share acquisition, Polaris will dispatch several senior officers to HITOWA Group and work with the existing management team and employees to strengthen its business, providing comprehensive business and financial support ahead of a future share listing.”

Since CVC Asia Fund IV purchased a majority stake in HITOWA Holdings in 2016, CVC has worked closely with HITOWA’s management team to transform the company by expanding its network and improving customer satisfaction, ultimately raising EBITDA by more than 25%.

Atsushi Akaike Partner and Head of CVC Capital Partners’ Tokyo office commented: “HITOWA is a fantastic company that has gone from strength to strength since our partnership began in 2016. We would like to thank the HITOWA management team and employees for all their hard work and wish them every success in the next phase of growth.”

*Representing the total number of franchisees across all brands.

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Semantix invests in on-demand interpreting

Segula

Semantix continues its acquisition drive and invests in on-demand interpreting by acquiring Tolkvox AB. This acquisition is an important addition to the company’s portfolio of multilingual services and is in line with the increasing demand for flexible online solutions. It also solidifies the company’s position as the leader in language technology in the Nordic region.

“The acquisition of Tolkvox is a very important and logical step for us to take in extending our digital offer into the growing on-demand market in the Nordics. Mobile on-demand human interpretation will help users overcome language barriers anywhere and in real time. It is an exciting development of language technology, disrupting conventional language services,” says Patrik Attemark, CEO Semantix.

Tolkvox is a Swedish on-demand interpreting start-up, founded three years ago. Tolkvox provides interpreting services between 178 languages and English in an easy-to-use app. Via the app, customers can reach qualified interpreters within 30 seconds, with just the push of a button and no need to pre-book.

“I am looking forward to Tolkvox becoming a part of the Semantix service offer and being able to make on-demand interpreting available to all Semantix customers 24/7,” says Mattias Schain, founder of Tolkvox, who will take on the new role of Business Development Manager On-demand Interpreting at Semantix.

For more information

Patrik Attemark, CEO, patrik.attemark@semantix.se, 070 166 56 01

 

Semantix is the largest language technology company in the Nordics, providing interpreting, translation and advanced language solutions to the public sector and private corporations for more than 50 years. Semantix has a turnover of approximately SEK 1 billion and operates in accordance with ISO 9001:2015. The group has offices in Sweden, Denmark, Norway and Finland and representatives in China, Chile and Spain. Semantix has some 400 full-time employees and manages a comprehensive network of thousands of language specialists all over the globe. Semantix is majority owned by the private equity fund Segulah V L.P. 

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