Paris, November 19th, 2018
EFESO Consulting, Eurazeo PME and Argos Wityu announce the signing of an agreement for the acquisition
of EFESO Consulting by Eurazeo PME, alongside management – Eurazeo PME will hold approximately 70%
of the capital. The transaction is expected to close in January 2019, after the release from suspensive
conditions and approval from competition authorities. Eurazeo PME’s investment will total approximately
€56M, including equity and quasi-equity instruments.

The shared ambition of Eurazeo PME and the management team is to accelerate the growth of EFESO
Consulting by reinforcing the company’s positioning as the world-leading specialist in operational
excellence consulting, particularly through accretive acquisitions and by deploying its renewed digital
offering. For the execution of this strategy, EFESO Consulting will have full access to Eurazeo PME’s
international network, which includes Eurazeo’s offices in the US, China, and Brazil; international
partnerships, most notably in Germany; and corporate functions (including for acquisition integration,
digital, Corporate and Social Responsibility).

Luca Lecchi and Bruno Machiels will become Co-CEOs of EFESO Consulting. Filippo Mantegazza, Founder
and President who has led the Group for thirty years, will continue to actively accompany EFESO Consulting
and will become a member of the supervisory board.

Merged with Solving International in 2007, EFESO Consulting is a consulting firm addressinoperational
agility and excellence, with an international, blue-chip customer base. The strong industrial expertise and
seniority of the Group’s 400 consultants, based in 17 offices globally, make EFESO Consulting a player of
reference within operational excellence consulting. Its clients include more than 50 Fortune 500 companies
within a wide range of sectors, who have longstanding customer relationships. The company has a strong
global presence: over 80% of 2017 sales outside of France and EFESO Consulting operates in 4 countries
per client on average. With 2017 revenue of €71M, EFESO Consulting has successfully integrated seven
acquisitions over the past six years, which has allowed the group to solidify its positioning most notably in
Italy, the Netherlands, Egypt, India, Belgium, and Ireland, as well as adding competencies in new
adjacencies and subsectors.

Pierre Meignen, Managing Director and Member of Eurazeo PME’s Management Board, declared: “We
are very enthusiastic about EFESO Consulting’s market positioning and the strong reputation of both the
company and its management team. The goals of the Group correspond perfectly with the ambition of
Eurazeo PME: to accelerate the development of a solid company in its international development”.
Filippo Mantegazza, Chief Executive Officer of EFESO Consulting: “We are closing an important phase of
our development in which, with the support of Argos Wityu, we have been able to build a leadership position
in operations consulting and design a new Strategy and a new Organization. Today we are delighted to
begin a new adventure with Eurazeo PME and we strongly believe that with the Eurazeo Team, and under
the guidance of Bruno and Luca, we will be able to accelerate our build-up strategy and focus on developing
our asset-based digital consulting model to strengthen our position and to conquer new territories in the
changing consulting market”.

Luca Lecchi et Bruno Machiels, co-CEO of EFESO Consulting: “Following the successful progression of the
business alongside Argos Wityu, we are pleased to embark on a new phase of development in partnership
with Eurazeo PME. We value Eurazeo’s approach and capacity to understand the challenges of our sector
and appreciate the strengths of our goals for the business. We are confident that Eurazeo is well-suited to
accompany EFESO, its associates and collaborators to accelerate our growth, taking advantage of and
reinforcing the quality and impact of EFESO’s competencies and innovative digital solutions”.
Louis Godron, President of the executive board of Argos Wityu: “We became shareholders of EFESO
Consulting alongside management in 2010, to reinforce their financial structure and accelerate growth. We
have accomplished these goals, with a 50% increase of sales over our hold. In the midst of the evolution of
the consulting industry, EFESO Consulting, led by a high-quality management team and our accompaniment
at their side, has established itself as a steadfast partner for its clients: 90% of EFESO’s principal clients
continue to work with the company each year in order to accelerate their progress. The recent classification
of EFESO Consulting as the 5th cabinet globally in operational excellence exemplifies this progress”.

About Argos Wityu
Argos Wityu is an independent private-equity group with offices in Brussels, Frankfurt, Geneva, Luxembourg, Milan
and Paris. Since its creation in 1989, the group has invested in more than 75 mid-sized companies (Enterprise Value
ranging from €25M to €200M). Its majority ownership investments range between €10M and €100M.
With €1Bn under management, the group develops a unique investment strategy focusing on business transformation
and growth, instead of financial leverage, and on bringing solutions to complex business and shareholding situations.
For further information: http://argos.wityu.fund

About Eurazeo PME
A subsidiary of Eurazeo, Eurazeo PME is an investment company dedicated to majority investments in French SMEs
with a value of under €250 million. As a long-term professional shareholder, it provides its investments with all the
financial, human and organizational resources necessary for long-term change, and supports those companies in its
portfolio in implementing sustainable and therefore responsible growth. This commitment is formalized and deployed
through a CSR (Corporate Social Responsibility) policy.
Eurazeo PME achieved a consolidated turnover of €1.1 billion in 2017 and supports the development of the following
companies: 2RH, Dessange International, Léon de Bruxelles, Péters Surgical, Vignal Lighting Group, Redspher, the MK
Direct Group, Orolia, Smile, In’Tech Medical and Vitaprotech. These companies are solidly established within their
market and driven by experienced management teams.
EURAZEO PME CONTACT PRESSE CONTACT

Montagu Private Equity (“Montagu”), a leading private equity firm, today announces that it has reached an agreement to acquire the Flexographic Packaging Division (“Kodak’s Flexo business” or “the company”), a leading provider of graphics solutions for global packaging printing, of The Eastman Kodak Company (“Kodak”).

Kodak’s Flexo business is one of the world’s leading providers of imaging technologies for the graphics customisation of printed packaging materials. The company’s flagship flexographic plate imaging system, KODAK FLEXCEL NX, has received industry-wide acclaim for its leading image resolution quality, since debuting on the market in 2008. Flexography is the most common form of packaging printing and can apply images on almost any substrate, with a speciality in flexible packaging.

The company sells its products in more than 70 countries worldwide and has a loyal customer base that continues to enjoy the benefits offered by the KODAK FLEXCEL NX technology. Under Kodak’s stewardship, the business has consistently brought new, innovative and leading flexographic solutions to market, delivering strong organic growth above its peers. Montagu intends to work in close partnership with the management team to continue the company’s growth story, leveraging Montagu’s expertise, network and resources to further strengthen the business.

After the transaction closes, the business will operate as new standalone company and will have the same organizational structure, management team and growth culture that has served Kodak’s Flexographic Packaging Division well in recent years.

Chris Payne, who has served as President of the Flexographic Packaging Division for the last three years and will lead the new company as CEO, said: “We are very pleased that Montagu will be supporting the ongoing growth of the business going forward and that our customers will continue to experience the same product, same people, and same trusted brand. Under Montagu ownership, the company will have the focus, agility and resources to maintain a constant stream of innovation for our customers and continue the journey of transforming Flexo into the premium print process of choice for packaging.”

Ed Shuckburgh, Director at Montagu, said: “We focus on the acquisition of companies producing products or services that would be badly missed if the business did not otherwise exist, and are delighted to be investing in Kodak’s Flexo business, which has been very well established within Kodak and clearly meets our target profile. We are excited to support Chris and the team on their next stage of growth, building a standalone leader in the package printing market.”

Christoph Leitner-Dietmaier, Investment Director at Montagu, said: “Kodak’s Flexo business is well positioned to benefit from the exceptional growth in the packaging printing market. The company’s proprietary ‘Thermal Imaging Film’ technology enables them to offer a truly differentiated product that consistently produces high performing output. We are very much looking forward to working with the management as the business enters this next stage of its development”.

Presto Brandsäkerhet AB has acquired the fast-growing Aptum AB and is creating a Nordic market leader with revenue of more than SEK 700 million. Thanks to Presto’s market-leading position in fire risk management and Aptum’s innovative package solutions, the new group will become a comprehensive partner in strategic fire risk management. In connection with the transaction, Adelis Equity Partners will become the new majority owner.

Founded in 1959 by Gunnar Danielson and now under the direction of CEO Anders Danielson, Presto has developed into the largest player engaged in fire safety in the Nordic region. Presto is present in more than 50 locations in Scandinavia and supplies its services and products to more than 50,000 customers via its “Fire Risk Management” concept.

Aptum was founded in 2005 by Gustav Paringer and Gustav Nord and has become a market leader in fire-fighting solutions and fire safety in northern Sweden. Aptum offers innovative and comprehensive commitments within the fire-protection, training and fall protection sectors. Aptum will continue to operate as a subsidiary of Presto and maintain its strong local presence in northern Sweden.

“For almost 60 years, my vision has been that nobody should become injured and nothing damaged as a result of fires in workplaces. All along, Presto has challenged the industry and pushed the technology forward to create value and provide safety to our customers. Now we are once again transforming the industry and, together with Aptum, we are creating the leading global supplier of risk management for fire-fighting and safety in the Nordic region,” says Anders Danielson, CEO of Presto.

“Becoming part of this group opens up unique opportunities for both Aptum’s and Presto’s customers and employees. Thanks to Presto’s broad expertise in fire risk management and its large customer base, together we will be able to offer a comprehensive concept that will contribute to a safer work environment across the Nordic region,” says Gustav Paringer, CEO of Aptum.

To further strengthen the opportunities of the new group and promote continued growth, Adelis Equity Partners will become the principal owner of the Presto Group. Anders Danielson and the founders of Aptum will remain as the other large owners in the group.

“We have been monitoring both Presto and Aptum over a long time, and we are now proud to become owners of the Nordic region’s leading fire-safety company. We are looking forward to working with the management and to continue investments in future growth and new innovative solutions on behalf of all our customers,” says Erik Hallert at Adelis.

“Adelis has a thorough experience of investing together with successful entrepreneurs and well-managed family companies. By applying a long-term perspective and a shared view on the future, we will jointly develop Presto to become an even stronger player in Scandinavia,” reveals Jan Åkesson at Adelis.

The transaction is subject to competition approval and is expected to be completed in November-December 2018.

For further information:

Anders Danielson, CEO Presto Brandsäkerhet AB, +46 708 76 01 01

Gustav Paringer, CEO Aptum AB, +46 907 80 80 02

Adelis Equity Partners: Erik Hallert, erik.hallert@adelisequity.com, +46 709 36 80 41

About Presto Brandsäkerhet

Presto Brandsäkerhet AB is a comprehensive partner operating in the “Fire Risk Management” field, and it supplies extensive safety services and products related to fire-protection products including nationwide coverage. The company was founded in Katrineholm in 1959. Today it helps all types of companies and organizations to develop customised and efficient risk management related to fire-protection. With close to 60 years of industry experience and a close local presence with more than 300 employees, Presto today is a leading industry player. Presto has operations in Sweden, Norway and Finland. For more information, visit www.presto.se.

About Aptum

Aptum AB is a comprehensive supplier of accident prevention services with its headquarters in Umeå, but it operates throughout northern Sweden. Aptum is uniquely positioned thanks to its broad training portfolio and superior fall-protection solutions. Aptum has 80+ employees in nine different locations. For more information, visit www.aptum.se.

About Adelis Equity Partners

Adelis is an active partner in creating value at medium sized Nordic companies. Adelis was founded with the goal of building the leading middle market private equity firm in the Nordics. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, acquiring 17 platform investments and making more than 40 add-on acquisitions. Adelis now manages approximately €1 billion in capital. For more information please visit www.adelisequity.com.

MON, NOV 05, 2018 22:00 CET

Presto Brandsäkerhet AB has acquired the fast-growing Aptum AB and is creating a Nordic market leader with revenue of more than SEK 700 million. Thanks to Presto’s market-leading position in fire risk management and Aptum’s innovative package solutions, the new group will become a comprehensive partner in strategic fire risk management. In connection with the transaction, Adelis Equity Partners will become the new majority owner.

Founded in 1959 by Gunnar Danielson and now under the direction of CEO Anders Danielson, Presto has developed into the largest player engaged in fire safety in the Nordic region. Presto is present in more than 50 locations in Scandinavia and supplies its services and products to more than 50,000 customers via its “Fire Risk Management” concept.

Aptum was founded in 2005 by Gustav Paringer and Gustav Nord and has become a market leader in fire-fighting solutions and fire safety in northern Sweden. Aptum offers innovative and comprehensive commitments within the fire-protection, training and fall protection sectors. Aptum will continue to operate as a subsidiary of Presto and maintain its strong local presence in northern Sweden.

“For almost 60 years, my vision has been that nobody should become injured and nothing damaged as a result of fires in workplaces. All along, Presto has challenged the industry and pushed the technology forward to create value and provide safety to our customers. Now we are once again transforming the industry and, together with Aptum, we are creating the leading global supplier of risk management for fire-fighting and safety in the Nordic region,” says Anders Danielson, CEO of Presto.

“Becoming part of this group opens up unique opportunities for both Aptum’s and Presto’s customers and employees. Thanks to Presto’s broad expertise in fire risk management and its large customer base, together we will be able to offer a comprehensive concept that will contribute to a safer work environment across the Nordic region,” says Gustav Paringer, CEO of Aptum.

To further strengthen the opportunities of the new group and promote continued growth, Adelis Equity Partners will become the principal owner of the Presto Group. Anders Danielson and the founders of Aptum will remain as the other large owners in the group.

“We have been monitoring both Presto and Aptum over a long time, and we are now proud to become owners of the Nordic region’s leading fire-safety company. We are looking forward to working with the management and to continue investments in future growth and new innovative solutions on behalf of all our customers,” says Erik Hallert at Adelis.

“Adelis has a thorough experience of investing together with successful entrepreneurs and well-managed family companies. By applying a long-term perspective and a shared view on the future, we will jointly develop Presto to become an even stronger player in Scandinavia,” reveals Jan Åkesson at Adelis.

The transaction is subject to competition approval and is expected to be completed in November-December 2018.

For further information:

Anders Danielson, CEO Presto Brandsäkerhet AB, +46 708 76 01 01

Gustav Paringer, CEO Aptum AB, +46 907 80 80 02

Adelis Equity Partners: Erik Hallert, erik.hallert@adelisequity.com, +46 709 36 80 41

About Presto Brandsäkerhet

Presto Brandsäkerhet AB is a comprehensive partner operating in the “Fire Risk Management” field, and it supplies extensive safety services and products related to fire-protection products including nationwide coverage. The company was founded in Katrineholm in 1959. Today it helps all types of companies and organizations to develop customised and efficient risk management related to fire-protection. With close to 60 years of industry experience and a close local presence with more than 300 employees, Presto today is a leading industry player. Presto has operations in Sweden, Norway and Finland. For more information, visit www.presto.se.

About Aptum

Aptum AB is a comprehensive supplier of accident prevention services with its headquarters in Umeå, but it operates throughout northern Sweden. Aptum is uniquely positioned thanks to its broad training portfolio and superior fall-protection solutions. Aptum has 80+ employees in nine different locations. For more information, visit www.aptum.se.

About Adelis Equity Partners

Adelis is an active partner in creating value at medium sized Nordic companies. Adelis was founded with the goal of building the leading middle market private equity firm in the Nordics. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, acquiring 17 platform investments and making more than 40 add-on acquisitions. Adelis now manages approximately €1 billion in capital. For more information please visit www.adelisequity.com.

Graphite Capital’s portfolio company nGAGE has acquired Henlow Recruitment Group, a rapidly growing QuantTech recruitment business operating in the UK, Europe and the Middle East. nGAGE’s fast-growing international operations and highly automated central service centre provide a strong platform to drive future growth in Henlow’s existing markets and increase penetration in the US market.

Altas Partners announced today that it has signed an agreement to acquire a significant interest in Hub International Limited (Hub), a leading full-service global insurance brokerage.

Headquartered in Chicago, Illinois, Hub International provides property and casualty, life and health, employee benefits, investment and risk management products and services. With more than 11,000 employees in offices located throughout North America, Hub’s vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions.

The transaction is expected to close before the end of 2018 and is subject to customary closing conditions and regulatory approvals.

For more information, visit https://www.hubinternational.com/en-CA/

Questel, one of the world’s largest online intellectual property (IP) service providers, has acquired MultiLing, a global leader in patent translations, with the support of its financial investors IK Investment Partners and Raise.

Founded in 1988 and based in Utah, MultiLing leverages their advanced technology platform to provide the highest quality patent translation services in the most cost-effective manner. Led by its founder, Michael Sneddon, and supported by its 235 employees across eight countries, MultiLing serves 350 clients globally (mostly large corporations) in their process of international filing of patents.

This acquisition is part of Questel’s strategy to build a one-stop-shop offering. MultiLing’s translation activities are highly complementary and synergetic to Questel’s ITIP Foreign Filing activities. The enlarged group reaches an annual turnover of c. MUSD 100 and 500 employees worldwide. This consolidates its rank among the global leaders of the IP industry.

“MultiLing is the right fit for Questel both culturally and strategically,” says Charles Besson, Questel CEO. “Translation is a key part in the foreign filing process where Questel became the world leader in 2017.”

“This is the combination of two recognized players with more than 80 years of cumulated experienced in IP,” adds Michael Sneddon, CEO and founder of Multiling. “Our unique technology will also be used to improve the translated Questel patent databases which are searched and analysed in Orbit, its online software platform”.

“The transformational acquisition of MultiLing is a key milestone in the equity story of Questel and we look forward to partnering with MultiLing’s management team” said Dan Soudry, Managing Partner at IK Investment Partners.

For further questions, please contact: 

IK Investment Partners
Dan Soudry, Managing Partner
Phone: +33 1 44 43 06 60

Mikaela Hedborg
Director Communications & ESG
Phone: +44 77 87 573 566
mikaela.hedborg@ikinvest.com

About Questel
Questel is one of the world’s leading intellectual property management companies, delivering complete software and service solutions for each stage of the innovation lifecycle. And, for both software and services, Questel leverages a comprehensive and unique collection of intellectual property and scientific databases.

With recent acquisitions of ITIP and MultiLing, Questel now delivers the world’s largest and highest quality services for foreign filing of patent applications and translations. These services, when added to Questel’s e-learning and general IP consulting, make Questel the final destination to fulfill the most critical IP and Innovation needs. For more information, please visit www.questel.com

About MultiLing
MultiLing is the world’s premier provider of intellectual property language translation and support with eight fully operational offices around the world and experts who can translate in more than 200 language pairs