Tag Archives: Services

IK Investment Partners to sell Ramudden

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IK Investment Partners (“IK”), a leading Pan-European private equity firm, is pleased to announce that the IK VII Fund has reached an agreement with funds advised by Triton (“Triton”) to sell the Ramudden Group (“Ramudden” or “the Company”), a leading Nordic provider of work zone safety solutions. 

Founded in 2005, Ramudden is a specialist provider of work zone safety solutions for the road, construction and industrial sectors. The service offering includes rental of road barriers, signage, traffic and road signs, concrete systems, industrial heating solutions, traffic arrangement plans, surveillance and maintenance service as well as safety education programmes.

With a presence in Sweden, Norway, Finland and Estonia through their own depots, the Company has an unrivalled ability to quickly adapt to changing client expectations and market conditions, with a high level of customer satisfaction. Ramudden employs over 450 people, and has a turnover exceeding 700 MSEK (2017).

“During the past 3,5 years, we have worked closely with the management team to transform the business from a provider of temporary traffic control services to a work zone safety specialist. The Company has more than doubled the turnover, and successfully executed five add-on acquisitions, strengthening their presence in core geographies and expanding into the Baltics. We would like to thank Hans-Olov, the management team and all of Ramudden’s employees for their hard work and dedication, and wish them all the best on their continued journey,” said Kristian Carlsson Kemppinen, Partner at IK Investment Partners and advisor to the IK VII Fund.

“IK has been instrumental to Ramudden’s significant growth over the past couple of years. Thanks to their support, we have been able to rapidly expand our depot network, improve our operational structure and invest even more in our staff. We are looking forward to continuing our development together with Triton,” said Hans-Olov Blom, CEO and founder of Ramudden.

Financial terms of the transaction are not disclosed. Completion of the transaction is subject to legal and regulatory approvals.

For further questions, please contact:

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

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

Ramudden
Hans-Olov Blom
CEO
Phone: +46 26 66 89 80

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 more than €9 billion of capital and invested in over 110 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 Ramudden
Ramudden provides the market in Sweden, Norway, Finland and Estonia with work zone safety solutions, including rental of essential equipment (such as traffic barriers and guide signs), traffic arrangement planning, and education, surveillance and maintenance services. Customers are mainly civil engineering contractors and construction companies. For more information, please visit www.ramudden.se

 

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IK Investment Partners to sell passive fire protection expert svt Group to Ergon Capital

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IK Investment Partners (“IK”) is pleased to announce that the IK Small Cap I Fund (“the Fund”) has reached an agreement to sell svt Group (“svt” or “the Company”), a leading provider of passive fire protection products and services as well as restoration management services, to Ergon Capital Partners III (“Ergon”). Financial terms of the transaction are not disclosed.

svt is the leading company in Passive Fire Protection (PFP) and Restoration Management (RM) in Germany with c. 50 years of experience. The PFP business comprises the full value chain from R&D to manufacturing as well as installation services of fire preventing and resistant products that are sold either to OEM or construction customers. svt is a pioneer in passive fire protection systems since 1977 and the only player being forward integrated into PFP installation business. Blue chip customers like Siemens, Bombardier, CRCC, Airbus, OBO Bettermann and Würth rely on svt PFP products. Landmark PFP Installation references include European Central Bank building and Eurotower in Frankfurt.

In addition, svt offers one-stop-shop services in Restoration Management specialising in fire, water and natural hazard damage restoration as well as pollutant removal.

During the Fund`s ownership, the Company grew its revenues from €80m to ca. €114m and its employees from 322 to 450 while investing significant resources into R&D and product development. svt obtained for the first time in its history a large number of licenses from the international certification organisation/company Underwriters Laboratories (UL), enabling the further internationalization of the products. Consequently, the Company built out its international presence by opening new locations in Singapore and Ajman to serve the international markets with its strong product base. svt`s acquisition of AIK Flammadur Brandschutz in 2016, to further expand the PFP products offering for transportation OEMs, underscores IK`s focus on supporting its portfolio companies to grow via add-on acquisitions.

As a consequence, svt has increased its revenue with PFP Products to the OEM customers by more than five times and also doubled, as a Group, its absolute operating earnings during the Fund`s investment period.

“It has been a pleasure working with Steffen Gerdau and his team, and we would like to thank all of svt’s employees for their hard work over the last years. Together we have managed to grow the business significantly, both in Germany and abroad. svt was the first investment in the IK Small Cap I Fund, and clearly demonstrates IK’s approach to value creation, by way of enlarging the products offering, drive internationalisation and growing via acquisitions,” said Anders Petersson, Partner at IK Investment Partners and advisor to the IK Small Cap I Fund.

“We enjoyed working with the IK team. With their support, we have completed a synergetic add-on acquisition with AIK Flammadur, invested into our development capabilities and product offering as well as expanded our international footprint. I am now looking forward to continuing the internationalization and growth with Ergon,” said Steffen Gerdau, CEO of svt Group.

Completion of the transaction is subject to merger control approvals.

About svt Group
For more information, visit www.svt.de   

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 more than €9 billion of capital and invested in over 110 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

For further questions, please contact: 

IK Investment Partners
Anders Petersson
Partner
Phone: +49 40 369 8850

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

svt Group
Steffen Gerdau
CEO
Phone: +49 4105 409056

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Actief Personalmanagement acquires AB Zeitpersonal

Gilde Equity

Oberhausen, 23 November 2017 – Actief Group, one of the fastest growing independent staffing companies in Western Europe, today announces the acquisition of AB Zeitpersonal, an Oberhausen based regional temporary employment company with strong presence in the Western and Central part of Germany. For Actief Group this is the third acquisition in Germany, after ISU Group in 2015 and TimeCraft in 2017. The acquisition of AB Zeitpersonal enables Actief Group to strengthen its German footprint and to add a strong complementary company with a solid client base to its portfolio. After this transaction Actief Group will realize over EUR 600 million of sales spread across Belgium, Germany and the Netherlands.

Gilbert Sydow, founder of AB Zeitpersonal, is enthusiastic about the partnership with Actief: “After 30 years of successfully developing and expanding AB Zeitpersonal into a personnel service provider renowned for its quality and long-standing partnerships with reputable companies in various industries such as automotive, retail, chemicals, food and logistics, I’m glad to have found a partner who shares the same values as we do. Actief’s strategy to focus on SMEs, entrepreneurship and local-for-local approach is very similar to the way we have built our company over the years. I’m confident that AB Zeitpersonal will continue its successful growth path and I believe that the AB Zeitpersonal team, led by Mrs. Reckling, will do a great job in partnering with Actief to continue growth in the coming years”.

CEO Heiko Harms of Actief Personalmanagement on the transaction: “Since 2015, we are implementing an ambitious roll out program by opening new offices in order to realize our ambition of gaining national coverage in Germany. AB Zeitpersonal has a strong entrepreneurial culture and this fits very well with our organization. Moreover, from a geographical point of view the company is very complementary to Actief Personalmanagement: next to a higher density in our current regions we now expand our footprint to the North Rhine-Westphalia region as well. AB Zeitpersonal has an attractive client base and enjoys a strong reputation in the market. I look forward to further grow our German presence together with the AB Zeitpersonal team.”

Mark Maesen, CEO of Actief Group, complements: ”Over the past 25 years Actief Group has grown from a small local Belgian player to a successful international temporary staffing company. We now operate over 180 offices spread over three countries, fully focused at providing high quality temporary staffing services for small and medium sized enterprises. With two acquisitions in the Netherlands and now three in Germany (one in 2015 and two in 2017), we gained a strong position in the Dutch and German market. It is our aim to become a top 10 player in each of these countries and welcoming AB Zeitpersonal is a great step forward in this respect. We now realize close to EUR 200 million sales in Germany and I am confident that our German management can successfully expand the German presence over the coming years.”

About AB Zeitpersonal

AB Zeitpersonal is founded over 30 years ago and developed since then into a well-established, medium-sized temporary employment agency with 45 offices throughout the Central and Western part of Germany. Activities comprise general temporary staffing, personnel recruitment and on-site services. The company employs more than 2,100 temporary workers, both blue and white collars. Clients comprise renowned ‘German Mittelstand’ companies active in various sectors such as automotive, engineering, retail, chemicals, food and logistics. AB Zeitpersonal is headquartered in Oberhausen.

About Actief Personalmanagement

Actief Personalmanagement, formed by the acquisition of ISU Group (2015) and TimeCraft (2017), is an independent personnel service provider with strong regional presence in the Baden-Wuerttemberg, Thuringia,  Saxony, Hesse and Bavaria states. Over the years, Actief Personalmanagement grew both organically and through acquisitions to a group of 45 branches, active in a broad spectrum of sectors, ranging from highly qualified skilled workers for technical and industrial areas and commercial staff to qualified employees for production and logistics. Clients comprise renowned ‘German Mittelstand’ companies with whom longstanding relationships exist.

About Actief Group

Actief Group is one of the largest independent and fastest-growing staffing companies in Western Europe. Founded in 1988 in Lummen, over the past 25 years Actief established a leading position in Belgium, with a network of 67 offices realizing EUR 260 million of sales. Backed by its majority shareholder Gilde Equity Management Benelux, Actief Group tripled sales since 2011, with the first footsteps outside of Belgium with the acquisition of TiP (2014) and Tence (2015) in the Netherlands and ISU Group (2015) and TimeCraft (2017) in Germany. Actief delivers a professional link between supply and demand on the labor market and offers companies an optimal and flexible service in their search for personnel. The group now realizes over EUR 600 million in sales and operates through three brand names: Actief Interim in Belgium, Actief Werkt! in the Netherlands and Actief Personalmanagement in Germany.

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Ardian acquires business process outsourcing service provider CCC

Ardian

Ardian Expansion has reinvested in CCC, a high-growth provider of business process outsourcing (“BPO”), to support the company in its next development phase

Berlin/Vienna/Frankfurt, November 21, 2017 – Ardian, the independent private investment company, has signed an agreement to acquire Competence Call Center Group (CCC), one of the leading BPO service providers in Europe. The investment will be made via the Ardian Expansion Fund IV. The shares are being sold by the pan-European private equity firm Silverfleet Capital.

As part of the transaction, the management team headed by Christian Legat (CEO), Ulf Herbrechter (COO) and Thomas Nemec (CFO) will hold a significant stake in the company and will lead CCC during its next phase of growth. All parties have agreed on confidentiality of the financial details of the transaction, which is subject to antitrust approval.

Founded in Austria in 1998, CCC is today headquartered in Berlin. With more than 5,500 employees, the company offers high-quality BPO solutions in 28 languages and serves more than 80 customers in Europe. The group operates from 18 locations across eight countries, ten of which are based in the DACH region, four in Eastern Europe, three in Turkey, and one in France. The company has secured a leading market position in the DACH region. CCC’s range of services includes social media monitoring, up/cross selling, complaint management and technical support. The company offers a broad range of communication solutions across telephone, e-mail, chat and social media channels.

Ardian already invested in CCC via its AXA Expansion Fund II between 2009 and 2013, when it helped the fast-growing company implement its international expansion strategy. During this phase, the number of employees more than doubled. With Ardian’s renewed support, CCC plans to further strengthen its leading position in the German-speaking region.

As one of the last independent European providers, CCC also strives to play an active role in the ongoing market consolidation of BPO services in Europe. To achieve these objectives, it plans to expand its business with existing and new customers, broaden its service offer and enter new markets. Particularly in light of the trend towards increasing digitalization, this aspect harbors considerable potential for growth in providing customers with new services.

Christian Legat, CEO of CCC, said: “Ardian’s team led by Dirk Wittneben and Marc Abadir has a very good understanding of our business model and relevant market drivers. The cooperation we had from 2009 to 2013 was highly successful, and we are convinced that we can continue to build on this success. Thanks to our excellent position in the German-speaking market and a unique customer portfolio containing companies that are leaders in their respective segments, we are well-positioned to acquire new customers and to convince them of the attractiveness of our services. At the same time, we also want to achieve further growth through business with existing customers by continuously expanding our product range. In doing so, we draw on the newest technological solutions via all communication channels to generate real added value for our customers and to cover a broader value-added spectrum.”

Dirk Wittneben, Managing Director, Ardian Expansion, said: “We look forward to accompanying CCC’s outstanding management team led Christian Legat, Ulf Herbrechter and Thomas Nemec in its next phase of growth. With this transaction, we are also underscoring our competence in supporting companies in highly different development stages and of various sizes.” Marc Abadir, Managing Director, Ardian Expansion, added: “Based on our very positive experiences, we are pleased to assist the CCC team in the continuation of its success story once again. As a leading high-quality provider, we are convinced that CCC will continue to benefit from the fast-changing communication habits of consumers and the increasing importance of customer dialogue for brand development.”

 

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$66bn managed or advised in Europe, North America and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.

Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 470 employees working from twelve offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco) and Asia (Beijing, Singapore). It manages funds on behalf of 640 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

Follow Ardian on Twitter @Ardian

www.ardian.com

ABOUT CCC

CCC provides customers with care and BPO solutions at the highest level in 18 locations in eight countries. The company draws on 19 years of experience in handling incoming calls, outgoing campaigns, written customer communication via e-mail, chat and social media, as well as back office activities. Since 1998, CCC has been renowned for providing high-quality, internationally certified and excellent BPO services in 28 languages for global top brands in the European market from several industries. During this time, it has realized international growth and demonstrated continuous and strong commitment for the BPO industry. In total, more than 5,500 employees provide customers with innovative and internationally excellent service on all communications levels.

 www.yourccc.com

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Hostmaker raises $15M to fund global expansion

DN Capital

London’s number one Airbnb management service receives backing from existing investors DN Capital, Ventech and DSGCP, joined by Sansiri and Gaw Capital.

Hostmaker, London’s number one Airbnb management company, has announced $15M in Series B funding, taking the total raised since inception in 2014 to $25M. The new funding round is led by Sansiri, one of Thailand’s largest premium real estate developers and Gaw Capital – Hong Kong based global hospitality real estate investor. Hostmaker’s existing lead investors – DN Capital, Ventech and DSGCP, all backed the venture with an investment in the round.

Founded in 2014 by Airbnb ‘Superhost’ and entrepreneur Nakul Sharma, Hostmaker is a technology-driven hospitality management company that takes the hassle out of managing short-term rentals for homeowners. It offers a consistent, high-quality service, including housekeeping from five-star hotel trained staff, professional photography, daily pricing reviews to maximise earnings, guest relations and vetting, and interior design. It also facilitates property profile and listing across platforms including Airbnb, TripAdvisor and Booking.com.

As the largest VC-backed homestay hospitality management team in Europe, Hostmaker has so far carried out over 150,000 services across Europe, growing at a rate of 400 per cent year-on-year. It currently operates in London, Paris, Rome and Barcelona – four of the largest global markets for Airbnb.

The new funding round comes close on the heels of a Series A round of £5M that was raised just earlier this year. This new round of investment will support Hostmaker’s continued technology development in proprietary pricing and operations applications as well as growth and expansion beyond Europe, in particular building a presence in Asia to support property investors there.

On the investment, Nakul Sharma, Hostmaker founder and CEO, said:
“Having raised an investment round just a few months ago, we were very much focusing on delivering a great service to our customers and establishing our leading position. However, we’ve always welcomed a conversation with strategic investors who believe in our global vision of creating a new experiential brand in the fast-growing homestay category. Sansiri approached us with an exciting proposition to take our brand to Asia which was always on our roadmap. Along with Gaw Capital’s Asian roots and global footprint, it felt like the right moment to accelerate our expansion in the East.”

Nenad Marovac, Managing Partner from DN Capital, commented: “‘We are very excited to be backing the team at Hostmaker on this new phase of growth as the business consolidates its position as the leading European homestay hospitality services company and begins to explore exciting opportunities in Asia.”

Srettha Thavisin, from lead investor Sansiri said:
“The home sharing market is at an all-time high with 150M people using Airbnb globally. Property management businesses that support the home sharing industry are growing at a similar speed and we are excited to work with Hostmaker, who are leading the charge in Europe by providing the highest quality service out there.”

About Hostmaker
Launched in July 2014, Hostmaker is a technology-driven hospitality management company that takes the hassle out of managing short-term rentals for homeowners by offering a consistent, high-quality service. Growing at a rate of 400% YOY, Hostmaker is currently operational in London, Paris, Rome and Barcelona – four of the largest global markets for Airbnb and supports over 1,000 homeowners. The founder, Nakul Sharma has worked at the world’s largest international hotel chains, including Starwood Hotels and InterContinental Hotels Group. Nakul is also an avid Airbnb host and traveller.

Hostmaker’s deep industry and market expertise alongside proprietary pricing technology, in-house interior design and 5-star hotel trained operations team help uplift income for homeowners by as much as 50%. Hostmaker has been named #20 among the top 100 UK start-ups and one of Forbes’ 5 fastest-growing British businesses to watch, alongside winning the Serviced Apartment Award for best short-term rental operator in 2017. https://hostmaker.com/

About DN Capital
DN Capital is a leading early stage and growth capital investor focused on Seed, Series A and select series B investments in marketplaces, digital health, fintech, SaaS, digital media, e-commerce, mobile applications and software companies. The firm was founded in 2000 and has operations in London, Berlin and Silicon Valley. DN Capital’s previous funds are top performers and the firm is one of the lead investors in companies such as Endeca (sold to Oracle), Shazam (one of the world’s leading mobile apps), Auto1 (world’s largest used car marketplace), Purplebricks (IPO London) and Quandoo (sold to Recruit). The professionals at DN Capital bring over 75 years of private equity & venture capital experience to their investments, and actively work with portfolio companies to steward their growth through the various stages of development. Additional information about the firm and its portfolio companies can be found at http://www.dncapital.com.

For further information
Kanira Shah
Investor Relations
DN Capital
Kanira@dncapital.com

 

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IK Investment Partners acquires Debitor Inkasso from BurdaDirect

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IK Investment Partners (“IK”) is pleased to announce that the IK Small Cap I Fund has reached an agreement with Neue Verlagsgesellschaft mbH, a subsidiary of BurdaDirect, to acquire Debitor-Inkasso GmbH (“Debitor Inkasso” or “the Company”), a German provider of mass debt collection services, focused on recovering overdue claims and debts on behalf of its customers. 

Founded in 1977, Debitor Inkasso offers a broad range of tailor-made debt collection services to its customers, primarily in the e-commerce/social media, insurance and publishing industries. With a highly automated and continuously refined collection process as well as a broad communication platform (including modern communication channels such as email, WhatsApp and SMS) Debitor Inkasso acts as a link between its customers and their debtors, and is renowned as a reliable and trustworthy partner in the sector.

“With their extensive expertise and strong track record, IK is the ideal partner to support Debitor Inkasso in the next stage of our development. The team shares our strategic vision and growth aspirations, and the partnership will benefit our customers and employees as we strengthen our position as a leader in innovative and flexible debt collection services. BurdaDirect has been a reliable and trustworthy partner over the past years. We would like to thank them for this partnership, which contributed significantly to our success, and we look forward to continuing our business relationship with them as our customer,” said Andreas Stock, CEO of Debitor Inkasso.

“Debitor Inkasso has established a strong positioning in its segment, combining future-oriented solutions with high customer satisfaction. The Company operates in a market characterised by a continuous trend towards business process outsourcing and with strong regulatory requirements. Together with the experienced management team we look forward to supporting Debitor Inkasso’s further development and growth,” said Anders Petersson, Partner at IK Investment Partners and advisor to the IK Small Cap I Fund.

Financial terms of the transaction are not disclosed. Completion of the transaction is subject to merger control approvals.

For further questions, please contact: 

IK Investment Partners
Anders Petersson, Partner
Phone: +49 40 369 8850

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

Debitor Inkasso 
Andreas Stock, CEO
Phone: +49 451 200 93 99
stock@debitor.de

About Debitor Inkasso
Debitor Inkasso covers the whole spectrum of debt collection services and is a competent outsourcing partner with future-oriented and high-tech solutions, looking back at a track record of almost 40 years in Germany. The Company specializes on mass market B2C debt collection across all industries with a focus on insurance, publishing and e-commerce/social media sectors. For more information, visit www.debitor.de

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 more than €9 billion of capital and invested in over 110 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

IK Investment Partners (“IK”) is pleased to announce that the IK Small Cap I Fund has reached an agreement with Neue Verlagsgesellschaft mbH, a subsidiary of BurdaDirect, to acquire Debitor-Inkasso GmbH (“Debitor Inkasso” or “the Company”), a German provider of mass debt collection services, focused on recovering overdue claims and debts on behalf of its customers. 

Founded in 1977, Debitor Inkasso offers a broad range of tailor-made debt collection services to its customers, primarily in the e-commerce/social media, insurance and publishing industries. With a highly automated and continuously refined collection process as well as a broad communication platform (including modern communication channels such as email, WhatsApp and SMS) Debitor Inkasso acts as a link between its customers and their debtors, and is renowned as a reliable and trustworthy partner in the sector.

“With their extensive expertise and strong track record, IK is the ideal partner to support Debitor Inkasso in the next stage of our development. The team shares our strategic vision and growth aspirations, and the partnership will benefit our customers and employees as we strengthen our position as a leader in innovative and flexible debt collection services. BurdaDirect has been a reliable and trustworthy partner over the past years. We would like to thank them for this partnership, which contributed significantly to our success, and we look forward to continuing our business relationship with them as our customer,” said Andreas Stock, CEO of Debitor Inkasso.

“Debitor Inkasso has established a strong positioning in its segment, combining future-oriented solutions with high customer satisfaction. The Company operates in a market characterised by a continuous trend towards business process outsourcing and with strong regulatory requirements. Together with the experienced management team we look forward to supporting Debitor Inkasso’s further development and growth,” said Anders Petersson, Partner at IK Investment Partners and advisor to the IK Small Cap I Fund.

Financial terms of the transaction are not disclosed. Completion of the transaction is subject to merger control approvals.

For further questions, please contact: 

IK Investment Partners
Anders Petersson, Partner
Phone: +49 40 369 8850

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

Debitor Inkasso 
Andreas Stock, CEO
Phone: +49 451 200 93 99
stock@debitor.de

About Debitor Inkasso
Debitor Inkasso covers the whole spectrum of debt collection services and is a competent outsourcing partner with future-oriented and high-tech solutions, looking back at a track record of almost 40 years in Germany. The Company specializes on mass market B2C debt collection across all industries with a focus on insurance, publishing and e-commerce/social media sectors. For more information, visit www.debitor.de

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 more than €9 billion of capital and invested in over 110 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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DH Private Equity Partners announces sale of TMF Group to CVC

DH Private Equity Partners, the European private equity firm, has today announced that its fund, DH V, and other shareholders have agreed to sell their entire stake in TMF Group, a leading provider of high value business services to organisations globally, to funds advised by CVC Capital Partners for €1.75bn.  The transaction is expected to close in the first half of 2018 subject to regulatory approvals.

TMF Group was formed by the June 2011 merger of TMF and Equity Trust.  DH Private Equity Partners acquired TMF in October 2008 and subsequently completed the transformational acquisition of Equity Trust in January 2011.  The merger delivered significant cost synergies and generated cross selling opportunities to support organic growth.

Historically, the majority of TMF’s revenues were generated in Europe, where the company had a long-established, strongly competitive position.  During DH Private Equity Partners’ ownership, through a combination of new greenfield sites and 32 acquisitions, TMF Group has built out its presence in other parts of the world and, as a result, now offers a unique global platform.  By the end of 2016, revenue and EBITDA had grown by 148% and 131% respectively since DH Private Equity Partners acquired the business in 2008.

The sale of DH V’s stake in TMF Group represents the seventh successful exit from the fund, with one further asset remaining before the fund portfolio is fully realised.

Commenting on the transaction Dick Hanson, the Senior Partner of DH Private Equity Partners and Chairman of TMF Group, said: “We are very proud to have supported TMF as it has developed into a truly global integrated services platform supporting multinational and local organisations.  In our time of ownership, we have worked closely with the company, supporting its acquisition strategy and helping to grow its revenues, profits, international footprint and employee base.  We have had a very strong partnership with the management team, led by Frederik van Tuyll, and wish the company well under new owners.”

Frederik van Tuyll, CEO of TMF Group, added: “We have enjoyed an outstanding relationship with DH Private Equity Partners which, since acquiring us, has made a significant contribution to our growth. We have a unique global platform, exceptional talent, and a diverse client base that gives us every confidence that the coming years will be as successful as those previously.”

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Major shareholder enters into a margin loan. Nordic Capital remains committed to Intrum Justitia AB (publ)

Nordic Capital

Cidron 1748 S.à r.l. (the “Shareholder”), the company through which Nordic Capital Fund VIII (“Nordic Capital”) holds shares in Intrum Justitia AB (publ) (the “Company” or “Intrum”), and the largest shareholder in the Company, has today entered into a three-year EUR 518 million margin loan (the “Margin Loan”) secured against shares held in Intrum by the Shareholder. The Shareholder will not sell any shares in Intrum in connection with entering into the Margin Loan.

“Nordic Capital sees significant value creation potential for Intrum and wants to remain invested. This way the Fund can return some money to its investors while keeping shares in the Company. Nordic Capital firmly believes in the benefits of the combination of Lindorff and Intrum, and the creation of an industry leading CMS player.” says Kristoffer Melinder, Managing Partner of NC Advisory AB, advisor to the Nordic Capital Funds.

The loan arrangement will adhere to all conditions from the merger agreement between Lindorff and Intrum Justitia AB and the Margin Loan has been provided by reputable third party financial institutions on conditions that are customary for this kind of instrument.

Press contact

Katarina Janerud, Communications Manager,
NC Advisory AB, advisor to the Nordic Capital Funds
Tel: +46 8 440 50 69
e-mail: katarina.janerud@nordiccapital.com

About Nordic Capital

Nordic Capital is a leading private equity investor in the Nordic region with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a proven track record. Core sectors are Healthcare, Technology & Payments, Financial Services, Industrial Goods & Services and Consumer & Retail, and key regions are the Nordics, Northern Europe, and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 11 billion through eight funds. The Nordic Capital Funds are based in Jersey and are advised by six advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital please see www.nordiccapital.com

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EURAZEO succesfully completes the sale of part of its ELIS shares

Eurazeo

Eurazeo, which has accompanied Elis since its initial investment in October 2007, today announces the
sale of a total of 10 million Elis shares by Eurazeo, directly and through its subsidiary Legendre Holding 27
SAS(“LH27”), and together with ECIP Elis Sarl. The disposal, representing 4.56% of
Elis’ share capital and 4.36% of Elis’ voting rights, was achieved at a price of €22.01 per share, for a total consideration of € 220 million, by way of an accelerated book building to institutional investors (the “
Placement”). The sale comprised 8,696, 854 Elis shares (i.e. 3.96% of Elis’ share capital) sold by
LH 27, 1,112,974 Elis shares (i.e. 0.51% of Elis’ share capital) sold by Eurazeo directly and 190,
172 Elis shares (i.e.0.09 of Elis’ share capital) sold by ECIP Elis Sarl.

Following completion of the Placement, LH27 hold s 6.30 % of Elis’ share capital nd 10.24 % of Elis’ voting rights.In economic terms, Eurazeo holds via LH27 an interest equivalent to 5.7% of Elis’ share capital, compared with 9.1 % prior to the Placement. Out of the three members of the Supervisory Board appointed on the proposal of Eurazeo and LH27, one will be stepping down in the coming months.

Marc Frappier, Managing Director of Eurazeo Capital, declared:

“Under the leadership of Xavier Martiré, Elis has been able to develop at an amazing pace with strong expansion outside of France. The Group has successfully accelerated its M&A strategy with recent acquisitions of Lavebras in Brazil,Indusal in Spain and the ongoing merger with Berendsen.

We strongly support the management team in this strategy which we believe will deliver material benefits for the Group and its shareholders in the future.”

 

This transaction generated net proceeds for Eurazeo of around €162 million.
Eurazeo realized a multiple of about 2.3 x its investment.
In accordance with market practices, a 90-day lock-up has been granted by LH 27 in respect of its remaining shareholding in Elis, subject to customary exceptions and waivers. BNP Paribas acted as Bookrunner in connection with the Placement. Rothschild acted as financial advisor to Eurazeo.
***

About Eurazeo

With a diversified portfolio of approximately €6 billion in assets under management, of which €1 billion is from
third parties, Eurazeo is one of the leading listed investment companies in Europe. Its purpose and mission is
to identify, accelerate and enhance the transformation potential of the companies in which it invests. The
Company covers most private equity segments through its five business divisions – Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo Brands. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term. Eurazeo is notably a shareholder in AccorHotels, Asmodee, CIFA, CPK, Desigual, Elis, Europcar, Fintrax, Grape Hospitality, Les Petits Chaperons Rouges, Moncler, Neovia, Novacap, Sommet Education, Trader Interactive, and also SMEs such as Péters Surgical and lash Europe International, as well as start -ups such as Farfetch and Vestiaire Collective.
Eurazeo is listed on Euronext Paris.
ISIN: FR0000121121
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Bloomberg: RF FP
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Reuters: EURA.PA

 

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EQT VI brings in minority partners to accelerate growth of Anticimex

eqt

  • EQT VI brings in blue chip investors such as AMF, AP6, Volito and Cubera in a 19% minority stake sale in Anticimex to accelerate growth
  • EQT VI remains majority owner and continues to support Anticimex in becoming the global leader in preventive pest control

EQT VI today announces the decision to bring in a small group of partners through a 19% minority stake sale in Anticimex (“the Company”), valuing the Company at an enterprise value of approximately EUR 2.3 billion. The minority partners will hold the same mix of instruments as EQT VI.

Since the acquisition in 2012, EQT VI has transformed Anticimex from being a Nordic services conglomerate into becoming a leading global pure play pest control business, completing over 100 acquisitions worldwide and introducing the disruptive digital solution Anticimex SMART. During the EQT VI ownership period, Anticimex has tripled revenues and more than quadrupled its operating earnings.

Headquartered in Sweden, Anticimex operates 142 branches in 17 countries across Europe, Asia-Pacific and the US. With the Company’s over 80 years of consecutive revenue increase and recent growth acceleration, EQT VI remains a committed owner with an industrial and long-term approach.

“EQT VI is pleased to welcome the new investors and we see them as strategic business partners. Anticimex will now continue its journey towards becoming the global leader in preventive pest control with further international expansion and investments in the next generation of digital pest control technologies. I see this as yet another great example of EQT’s “future-proving” strategies in action”, says Per Franzén, Partner at EQT Partners and Investment Advisor to EQT VI.

Jarl Dahlfors, CEO of Anticimex complements: “Anticimex has grown tremendously together with EQT VI and we see attractive opportunities to continue expanding our business. Both through organic and acquisitive growth, as well as continued margin improvements. The ambition is to have revenues of EUR 1 billion with 20% margin within a few years. This is well in line with the historical track record of more than 20% top-line growth annually and a margin uptick of roughly one percentage point per annum. We welcome our new partners and look forward to their support in realizing that goal.”

The transaction is expected to be completed during the fourth quarter of 2017.

Contacts
Per Franzén, Partner at EQT Partners and Investment Advisor to EQT VI, +46 8 506 55 448
EQT Press Office, +46 8 506 55 334

About EQT
EQT is a leading alternative investments firm with approximately EUR 37 billion in raised capital across 24 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About Anticimex
Anticimex is a leading global specialist in preventive pest control with operations in 17 counties across Europe, Asia-Pacific and the US with headquarters in Stockholm, Sweden. With its approximately 4,500 employees, Anticimex serves more than 3 million customers across the globe and offers a broad range of preventive pest control solutions, including the digital solution Anticimex SMART and pest insurance.

More info: www.anticimex.com

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