Tag Archives: Services

Edison Partners Leads $8 Million Growth Investment in Suuchi

Edison Partners

Accelerates go-to-market execution, product innovation and network expansion for next-generation supply chain platform for fashion brands and retailers

 

PRINCETON, NJ—April 25, 2019—Edison Partners, the growth equity investment firm, today announced an $8 million growth investment in Suuchi, the next-generation supply chain platform provider for fashion brands and retailers. The company will use the funds to accelerate go-to-market execution and product innovation, as well as continue to expand its network of designers, materials suppliers and factories throughout the United States.

 

In the $2 trillion global apparel manufacturing market, the need to shrink the time from concept to consumer is prompting more fashion brands and retailers to seek supply-chain modernization. Suuchi delivers a next-generation approach to apparel supply chains that streamlines the connection of design and sourcing to US-based shop-floor manufacturing and provides complete, real-time transparency throughout the entire process.

 

“Time is the biggest risk factor for fashion brands and retailers in today’s supply chain, and legacy systems and processes continue to hinder time to market, not to mention growth, profits and consumer experience,” said Kelly Ford, Partner, Edison Partners, who led the investment and joins the company’s board of directors. “Suuchi is changing the game for apparel brands of all sizes, with a network-driven SaaS platform that makes not only speed, but also profitability, possible with ‘made in the USA.’”

 

Suuchi’s platform is a modern, intuitive SaaS-based application, called Suuchi GRID, powered by a curated network of 200+ freelancers, materials suppliers, and U.S.-based factories with a current available capacity of more than 8M units. Today, more than 200 fashion businesses, from large brands, like Cintas, to mid-tier and emerging brands, like Little Giraffe, are streamlining their supply chain workflows and production on the platform.

 

“We are reducing fashion supply chain complexity and time to market for brands and retailers by creating a more intelligent bridge between supply and demand; and with our shop-floor subject matter expertise, we are dematerializing the supply chain into a digital, made-local model,” said Suuchi Ramesh, founder and CEO of Suuchi. “With this investment, we are poised to provide a scalable answer to one of the world’s last trillion-dollar problems yet to be solved. In Edison Partners, and Kelly Ford, we have the perfect trifecta of strategic vision alignment, enterprise solutions experience, and a world-class team of operating experts to guide our fast growth.”

 

Ramesh, an immigrant from India, started the company in 2016 after 10-plus years in successful roles in technology, analytics and sales at two companies that became unicorns in their industries. She was an EY Entrepreneur of the Year for New Jersey in 2018 and named to the ROI-New Jersey Influencers Power List for 2019. Last year, the company was also awarded NJ Grow innovation incentives by the New Jersey Economic Development Authority to further develop its business in the state. The company currently employs 120 people at its North Bergen headquarters and is actively hiring for positions in sales, marketing, software engineering, human resources and finance.

 

Edison Partners has financed and guided more than 200 private companies throughout the eastern United States, a third of which have been in the enterprise solutions space. Suuchi is the 48th investment in the firm’s home state of New Jersey. In addition to Suuchi, Edison’s active NJ-based investments include Northpass, Scivantage, Trialscope and Zelis Healthcare.

 

About Suuchi

Suuchi Inc. is a next-generation supply chain platform for fashion brands and retailers. Using its product lifecycle management (PLM) application, Suuchi GRID, and its network of carefully curated freelancers, factories and mills, Suuchi designs and produces millions of units at speedy turnarounds. Suuchi is transforming retail, enabled by mega trends of just-in-time production, shop-floor integration, and supply chains created for consumer demand. For more information, visit https://www.suuchi.com/

 

About Edison Partners

For more than 30 years, Edison Partners has been helping CEOs and their executive teams grow and scale successful companies. The firm’s investment team brings extensive investing and operating experience to each investment. Through a unique combination of growth capital and the Edison Edge platform, consisting of operating centers of excellence, the Edison Director Network, and executive education programs, Edison employs a truly integrated approach to accelerating growth and creating value for businesses. A team of experts in financial technology, healthcare IT and enterprise solution sectors, Edison targets high-growth companies with $5 to $25 million in revenue; investments also include buyouts, recapitalizations, spinouts and secondary stock purchases.

 

Edison’s active portfolio has created aggregated market value exceeding $10 billion. Edison Partners is based in Princeton, NJ and manages more than $1.4 billion in assets throughout the eastern United States.

 

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JENSEN HUGHES Acquires Security Risk Management Market Leader Hillard Heintze

Gryphon Investors

Acquisition provides clients with a holistic, integrated approach to managing risk across the spectrum from fire and life safety to emergency management and security

Baltimore, MD – April 19, 2019 —

JENSEN HUGHES, a global leader in safety, security and risk-based engineering and consulting, announced today its acquisition of Hillard Heintze, a market leader in strategic security risk management and investigation services for Fortune-ranked enterprises, professional sports leagues, and law enforcement agencies, as well as many of the world’s most affluent families.Over the last four years, Jensen Hughes, a portfolio company of Gryphon Investors, has made eight strategic acquisitions. These have been specifically focused on both expanding the company’s global presence and also strengthening its expertise in emergency management and security to better serve clients and their most complex challenges by addressing their risk from an increasingly sophisticated, integrated, and holistic perspective.

Hillard Heintze has earned accolades as an industry leader in setting new world-class service standards for customized solutions that help organizations identify and manage risk to their people, property, performance, and reputations. Since its formation in 2004, more than 85 Fortune-ranked enterprises, 575 U.S. and international brands, and 150 of the world’s most affluent families have gained insight, assurance, and confidence through its services – and are better managing their security risk.

“Our success stems from a consistent focus on providing our clients with exceptional specialty engineering and consulting services and through expanding our capabilities to meet their growing needs,” explains Paul Orzeske, CEO, JENSEN HUGHES. “In our Security practice, we have been able to provide clients the highest quality of security design engineering, however we recognized that we could help them solve their security challenges more holistically with a broader portfolio of capabilities. Hillard Heintze’s services complement our work exceptionally well, and, like ours, their team is passionate about its commitment to providing outstanding client service. Together we can improve our ability to partner with clients and help them manage their operations across an end-to-end spectrum of risk – from fire and life safety to emergency management and security. Arnette and team have built a best-in-class organization and we are honored to welcome them to the JENSEN HUGHES family.”

“This is a very exciting day for us,” says Hillard Heintze founder and CEO Arnette Heintze. “The rapid growth of our two companies, respectively, has been driven by a comparable and complementary commitment to service excellence, exceptional talent, and an internal culture of teaming and collaboration. Joining JENSEN HUGHES is the most powerful and promising way to continue to meet our vision to be trusted around the world to protect what matters. As part of JENSEN HUGHES, we strengthen our ability to scale and adapt as our clients’ needs expand to areas such as fire and life safety, emergency management, and forensics, and as their operations expand worldwide to new countries and markets – and new risks.”

Livingstone acted as exclusive financial advisor to Hillard Heintze. XMS Capital Partners advised Gryphon Investors and JENSEN HUGHES on this transaction.

Contacts

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21 Grams acquires Mailworld Group

Priveq

Becomes leader in international and office mail21 Grams acquires 100% of the shares in Mailworld Group, which includes MailWorld AB and Mailworld Office AB.

ƒMailWorld AB is one of the Nordic region’s largest independent suppliers of international mail and parcels with worldwide distribution.ƒMailworld Office AB is a Swedish certified postal operator that focuses on office mail and unsorted domestic mail.

The merger will give customers of 21 Grams and Mailworld access to a wider range of physi-cal and digital postal services, and continued focus on simplicity and price-efficiency.

The Mailworld companies will continue to operate as subsidiaries under their own trademarks but will be part of the 21 Grams group’s combined sales, purchasing and production organiza-tion. The CEO of Mailworld will be David André.

”We are delighted to welcome Mailworld to the 21 Grams group. In addition to a leading position in certain customer segments and more than 500 customers, we are strengthening our management with new postal and entrepreneurial experience, which will help 21 Grams become an even stronger player in the Nordic region’s communications sector,” says Stefan Blomqvist, CEO of 21 Grams.“With 21 Grams’s size and position we can scale up Mailworld more rapidly to accommodate more partners, larger customers and new markets. We have worked successfully with 21 Grams for many years and will now continue building on this foundation together,” says David André, CEO of Mailworld.

The merged entity will have a turnover of SEK 750 million and some 75 employees.

For more information please contact:Stefan Blomqvist, CEO, 21 Grams+46 76 808 21 21 stefan.blomqvist@21grams.com

About 21 Grams

21 Grams was founded in 2004 and is a Swedish ser-vice company that provides smart communication solu-tions for physical and digital post and mobile payments.The company is a leader in the sorting software and postage and the electronic distribution of business doc-uments and direct mail advertising.21 Grams offers a network of postal operators both domestically in Sweden and international. and offers ac-cess to all the Nordic region’s digital distribution alterna-tives including E-faktura (e-invoicing), Kivra and Digipost (digital mail) and Swish (the Swedish mobile payment system).In 2018, the company had a turnover of around SEK 600 million and some 60 employees.Our customers include Google, Viasat, UNICEF, the Swedish Tax Agency, Collectum, Länsförsäkringar and Shell. www.21grams.comDavid André, CEO, Mailworld+46 733-16 22 84 david.andre@mailworld.se

About Mailworld

Mailworld have provided international mail services since 2003, and have been a registered postal operator since 2010, certified by the Swedish Post and Telecom Authority to also provide postal services for the domestic market.Mailworld today has offices and in-house sorting termi-nals in Stockholm, Gothenburg and Malmö, but our ser-vices are also available to customers across the whole of Sweden and in other European markets. We collect post from most of the print providers in Sweden and at our sorting terminals we process more than 20 million postal items annually. www.mailworld.se

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IK to support fire protection company BST

ik-investment-partners

IK Investment Partners (“IK”) is pleased to announce that the IK Small Cap II Fund has reached an agreement to acquire BST Brandskyddsteamet AB (“BST Group”), a leading Swedish provider of active fire protection services, from Infrea AB (publ). Financial terms of the transaction are not disclosed, and the completion of the transaction is subject to regulatory approval. The founders and management team will remain as shareholders.

BST provides a wide range of sprinkler system services, including consultancy & design, installation and repair & maintenance. Through its strong local presence across Sweden with a full-service offering and blue-chip client base, the Company has established a solid market position. The Swedish sprinkler market has experienced strong growth historically and is expected to continue to grow at a high pace driven by favourable trends such as tightening regulation, increased safety awareness and urbanisation.

“Despite its relatively young age, BST has established itself as a Swedish market leader within the fire protection market. We are truly impressed with the management team and all of BST’s employees, and we look forward to supporting the company as it continues on its growth trajectory,” said Kristian Carlsson Kemppinen, Partner at IK Investment Partners and advisor to the IK Small Cap II Fund.

“IK is a strong partner to support BST’s future development. BST has been a successful holding for Infrea and has increased its sales by over 50% during the ownership period,” added Tony Andersson, CEO of Infrea.

“BST was founded by entrepreneurs in 2012 and has grown rapidly since. I would like to thank Infrea for their support over the past few years. We are very excited to team up with IK given their vast experience in the fire protection industry,” concluded Peter Bühler, CEO and Co-Founder of BST.

BST will be the third investment in the fire protection segment made by IK Funds. In 2009, IK facilitated the merger between Minimax and Viking, resulting in one of the world’s largest companies in fire protection, and in 2015, the IK Small Cap I Fund backed svt Group, a leading German provider of passive fire protection.

For further questions, please contact:

IK Investment Partners
Kristian Carlsson Kemppinen
Partner
Phone: +46 8 678 95 00

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

Infrea
Tony Andersson
CEO
Phone: +46 8 401 01 81

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

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Chevron Traffic Management acquires Traffic Management Services LTD.

Triton

Stockholm (Sweden) / Thame (UK), 12 April 2019 – Chevron Traffic Management Ltd (Chevron TM), a Triton Fund IV company, has acquired Traffic Management Services Ltd (TMS). Terms of the transaction are not disclosed.

Established in 1982 and based out of Retford (UK), TMS specializes in the low-speed and events sector, operating predominantly across the Midlands and the North East. The firm employs more than 100 staff across three depots in Retford, Leeds and Horncastle, Lincolnshire.

Founded in 1997 and headquartered in Thame, Chevron TM employs more than 500 people at ten regional depots across the UK. The company has annual sales of more than £70m.

Chevron TM is the largest independent traffic management company operating throughout England and Wales. The company specializes in the provision of temporary traffic management in accordance with NHSS 12A, B, C & D. Managing any level of contract, Chevron TM gives unrivalled support from the consultation and design phase, right through to work completion and sign-off.

“This deal is an exciting step in the future development of Chevron and TMS, which will lead to new growth opportunities for both businesses in the future. TMS has fast become one of the most respected firms in the low-speed traffic management and events sector. It has a great team of people behind it and we’re looking forward to working with them to help strengthen their position as a leading firm in their sector,” said Tim Cockayne, CEO of Chevron TM.

Chevron TM was acquired by Triton Fund IV in April 2018.

About Chevron TM

Chevron TM is the largest independent traffic management company operating throughout England and Wales. The company specializes in the provision of temporary traffic management in accordance with NHSS 12A, B, C & D. Managing any level of contract, Chevron TM gives unrivalled support from the consultation and design phase, right through to work completion and sign-off.

For further information: www.chevrontm.com

About Triton

Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors.

The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.

Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 38 companies currently in Triton’s portfolio have combined sales of around €13.6 billion and around 84,500 employees.

For further information: www.triton-partners.com

Press Contacts

Triton
Fredrik Hazén
Phone: +46 70 948 38 10

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Semantix acquires translation provider Teknotrans

Segula

Through the acquisition of Teknotrans AB, Semantix continues its acquisition drive, strengthening its offering in the global market and consolidating its position as the Nordic language technology leader.

– Teknotrans’ business structure and customer base offer us great opportunities to strengthen Semantix’ offering in the global market. They also have a long history of delivering high-quality translations with a strong footprint in the automotive and industrial sector, which makes the acquisition interesting for us. The acquisition further consolidates Semantix’ role as the Nordic leader in language technology and multilingual services, says Patrik Attemark, Group CEO of Semantix.

Teknotrans was founded in 1971 and has offices in Gothenburg, Sweden, and in Split, Croatia. The company is fully owned by CEO, Christian Hammer.

– The acquisition comes at a perfect time for us to give Teknotrans a platform for continued growth, ensuring our customers access to broader and more complete language technology offerings, which is something Semantix will enable, says Christian Hammer, CEO of Teknotrans.

 

For more information please contact:
Patrik Attemark, Group CEO, patrik.attemark@semantix.se, +46 8 506 225 50

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CapMan Buyout to sell Maintpartner’s operations in Finland, Estonia and Poland to Caverion

The funds managed by CapMan Buyout have agreed to sell Maintpartner Group Oy to Caverion.

Maintpartner is one of the leading industrial operation and maintenance companies in Northern Europe operating in Finland, Sweden, Estonia and Poland. Maintpartner provides services in the industrial sectors of energy, chemicals, metal, food and manufacturing. Maintpartner’s net sales were EUR 164 million in 2018, and the net sales of the entity now to be sold were EUR 137 million, most of which came from Finland.

”During CapMan’s ownership period Maintpartner has grown significantly and has established a firm foothold in various industrial sectors. In addition, the company has developed IoT solutions and machine learning analytics for industrial companies to improve their operation and maintenance processes. Maintpartner’s sale to Caverion Industrial Solutions Division provides an excellent basis for further growth and development of the operations”, comments Jan Mattlin, partner at CapMan Buyout.

The acquisition is in line with our Fit for Growth strategy and strengthens our Services business. Our Industrial Solutions division is now fit for growth and we are therefore entering the Growth phase in the division. The acquisition will focus our industrial operations more towards Services business and create a major player in the Finnish market,” says Ari Lehtoranta, CEO and President of Caverion Corporation.

The transaction is subject to approval by the competition authorities. The acquisition includes Maintpartner Group, while excluding the holding company Maintpartner Holding Oy and Maintpartner Group’s subsidiaries and operations in Sweden. The funds managed by CapMan Buyout and the other owners continue as the owners of Maintpartner Holding Oy. The funds managed by CapMan Buyout made an investment in Maintpartner in 2006.

CapMan Buyout is the largest mid-market private equity team in the Nordic region, with 12 investment professionals in Finland and Sweden and 30 years of experience.

For more information, please contact:

Jan Mattlin, partner, CapMan Buyout, tel. +358 40 508 6406

Martti Ala-Härkönen, CFO, Caverion Corporation, tel. +358 040 737 6633

Sakari Toikkanen, Head of Division Industrial Solutions, Caverion Industrial Solutions, tel. +358 040 532 2174

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. CapMan employs today approximately 120 private equity professionals and has over €3 billion in assets under management. Our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, fundraising advisory and fund management services. Altogether, CapMan employs 120 people in Helsinki, Stockholm, Copenhagen, London, Moscow and Luxembourg.

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CDPQ to invest over INR 1800 crores (approximately US$250 million) in Edelweiss NBFC

Cdpq

  • CDPQ enters into an agreement to invest into ECL Finance, the NBFC arm of Edelweiss
  • CDPQ will partner in the long-term strategy to build a strong credit portfolio, with an increasing focus on the retail segment.
Edelweiss Group announced today, that CDPQ Private Equity Asia Pte. Ltd., a wholly owned subsidiary of Caisse de dépôt et placement du Québec (“CDPQ”), one of North America’s largest pension fund managers, has signed an agreement to invest over INR 1800 crores (approximately US$250 million) in Edelweiss Financial Services’ non-banking financial company (NBFC) arm, ECL Finance Ltd. (“ECL Finance”). The planned investment by CDPQ would contribute towards establishing a large and diversified credit platform in India. This proposed investment will close after customary regulatory approvals.Edelweiss Group has built a significant competitive position across businesses including the Credit segment. With a credit book of around INR 30,000 crores (approximately US$4.2 billion) (Q3FY19) that is spread across wholesale and retail finance segments, the business has both robust size and scalability. The agreement with CDPQ will enable ECL Finance to capitalize on opportunities in the credit market and confirm the capability of the Group to capture opportunities in the NBFC space.  It provides thrust to the business for technology and digital investments. This investment also ensures that ECL Finance has the requisite resources to maintain strong organic growth, as well as take advantage of any market consolidation opportunities.

Speaking on the development, Rashesh Shah, Chairman and CEO of Edelweiss Group said, “Credit penetration in India will be the key to advancing India’s economic gains, driven by the long-term trends in democratisation of credit, rising household incomes and increased consumption. I expect this partnership to deliver tremendous value towards deepening the market and we are encouraged by this investment by CDPQ to partner with us on this journey”.

Michael Sabia, President and Chief Executive Officer at Caisse de depot et placement du Quebec, stated, “We are glad to strengthen and expand our partnership with Edelweiss Group, with whom we share a common mindset and who has one of the most innovative credit investing platforms in India. This new investment capitalizes on solid growth in the financing demand from SMEs and residential sectors, both of which being key drivers in sustaining India’s future growth”.

The CDPQ partnership with the Edelweiss Group began in 2016 with a significant investment in Edelweiss ARC, India’s largest Asset Reconstruction Company.

Deepak Mittal, CEO of ECL Finance added, “Credit has been our strength and we are well positioned to capitalize on the India opportunity.  At this stage of our expansion, we are excited to join hands with CDPQ to fuel our retail lending business across India. Our competitive edge will come from investments in the direct technology platform and next generation data analytics as we scale across SME, affordable housing, agri-loans and rural finance”.

Edelweiss has built a diversified credit book credit catering to corporate and retail customers. This business has been a significant growth engine for the Group, driven by rapid scale up in retail credit book in the last few years.  With an aim to be closer to customers, the business has now expanded to over 180 locations across the country with plans afoot to double this number in the near future. A string of innovative products and services are also lined up for launch in the latter half of the year. This investment and the deep focus on expanding credit to deserving and underserved markets will propel growth in this business for Edelweiss.

ABOUT EDELWEISS GROUP

The Edelweiss Group is one of India’s leading diversified financial services company providing a broad range of financial products and services to a substantial and diversified client base that includes corporations, institutions and individuals. Edelweiss’s products and services span multiple asset classes and consumer segments across domestic and global geographies. Its businesses are broadly divided into Credit Business (Wholesale & Retail Mortgages, SME and Business Loans, Agri and Rural Finance, Structured Collateralised Credit and Distressed Credit), Franchise & Advisory Business (Wealth Management, Asset Management and Capital Markets) and Insurance (life and general insurance). Edelweiss has an asset base of ~INR 55,800 cr, as of 31st December, 2018. The Group had a revenue of INR 8,623 cr and PAT of INR 890 cr for FY18. The group’s research driven approach and proven history of innovation has enabled it to foster strong relationships across all client segments. The group has sizeable presence in large retail segment through its businesses such as Life Insurance, Housing Finance, Mutual Fund and Retail Financial Markets. Together with strong network of Sub-Brokers and Authorized Persons, Edelweiss group has presence across all major cities in India.

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 December 31, 2018, it held CA$309.5 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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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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