Canadian medical technology company LABORIE to become new subsidiary

Investor

Patricia Industries, a part of Investor AB, has signed an agreement with Audax Private Equity to acquire the Canadian medical technology company LABORIE, which focuses on the diagnosis and treatment of urologic and gastrointestinal disorders that affect the daily lives of millions. LABORIE was founded in 1967 and has grown organically and through acquisitions from a leading manufacturer of capital equipment for urodynamic testing into a fully-integrated medical device company with a market-leading position in urology and a rapidly growing gastroenterology business. LABORIE has an attractive, asset-light business model with a high share of its revenue derived from recurring sales of proprietary consumables. LABORIE’s global manufacturing, development and commercialization capabilities create a solid platform for growth through organic and non-organic expansion in core and adjacent markets, new geographies and further expansion beyond diagnostics into therapeutic products. LABORIE will continue to be run by its current management team, which will remain part-owners of the company.

LABORIE will be the most recent addition to the Patricia Industries portfolio of high-quality growth companies, whose other healthcare holdings include Mölnlycke Health Care, Permobil, Aleris and BraunAbility.

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CEO change at Aleris

The board of directors at Aleris has appointed Alexander Wennergren Helm as new CEO for the Group. Alexander is currently CEO of Hultafors Group, and has a proven track record of developing high-quality offerings for demanding customers. He will assume his new position no later than February, 2017.

Alexander will succeed Liselott Kilaas, who has been the CEO of Aleris for three years. Liselott will remain as CEO until her successor is in place, and she will continue to work in different capacities for Patricia Industries and Investor AB.

Patricia Industries manages the wholly-owned subsidiaries of Investor AB and is a long-term owner that engages in companies to help make them best-in-class.

Aleris is one of Scandinavia’s leading private care and healthcare service providers, and its wide offering include primary- and specialist care, diagnostics, elderly care and psychiatric care for youth and adults.

Categories: People

Successful exit: Acton sells MyOptique investment to Essilor

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The MyOptique Group, a major European online optical retailer with annual revenues of GBP 57 million, announces today that it has entered into a definitive agreement to be acquired by Essilor International, the world leader in ophthalmic optics.

Subsequent to the transaction the management of MyOptique will remain in place, and will leverage Essilor International’s capabilities to continue growing its leading position in Europe. As part of Essilor, MyOptique will leverage Essilor’s global supply chain and collaborate with its other operating businesses to improve the reach and effectiveness of its business across Europe.

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EQT Opportunity Sells TitanX to Tata AutoComp

  • eqt
  • EQT Opportunity sells TitanX, a leading company in the global truck cooling market
  • During EQT Opportunity´s ownership, TitanX has been developed from a carve-out of three factories to a global technology leader in the engine and oil cooling space

Tata AutoComp Systems Ltd (“Tata AutoComp”), EQT Opportunity (“EQT”) and Fouriertransform (“Fourier”) have entered into an agreement whereby Tata AutoComp will acquire TitanX Engine Cooling (“TitanX” or “The Company”).

TitanX is a world leading supplier of powertrain cooling solutions for commercial vehicles. The Company serves most of the western world’s OEMs, including Volvo Trucks, Scania, Iveco and Daimler. TitanX has a yearly turnover of SEK 1.6 billion and manufactures in Sweden, USA, Mexico, Brazil and China.

Tata AutoComp is part of the Tata Group of India, a conglomerate which includes companies such as Jaguar Land Rover in UK and Daewoo Motors in Korea. Tata AutoComp is one of India’s leading vehicle component groups with customers across automotive sectors, from passenger cars to heavy duty trucks and agriculture vehicles.

Categories: News

EQT Opportunity sells TitanX to Tata AutoComp

  • EQT Opportunity sells TitanX, a leading company in the global truck cooling market
  • During EQT Opportunity´s ownership, TitanX has been developed from a carve-out of three factories to a global technology leader in the engine and oil cooling space

Tata AutoComp Systems Ltd (“Tata AutoComp”), EQT Opportunity (“EQT”) and Fouriertransform (“Fourier”) have entered into an agreement whereby Tata AutoComp will acquire TitanX Engine Cooling (“TitanX” or “The Company”).

TitanX is a world leading supplier of powertrain cooling solutions for commercial vehicles. The Company serves most of the western world’s OEMs, including Volvo Trucks, Scania, Iveco and Daimler. TitanX has a yearly turnover of SEK 1.6 billion and manufactures in Sweden, USA, Mexico, Brazil and China.

Tata AutoComp is part of the Tata Group of India, a conglomerate which includes companies such as Jaguar Land Rover in UK and Daewoo Motors in Korea. Tata AutoComp is one of India’s leading vehicle component groups with customers across automotive sectors, from passenger cars to heavy duty trucks and agriculture vehicles.

“Under EQT and Fourier’s ownership, TitanX has developed from a carve-out of three factories to a renowned and leading player in the global truck cooling market” says Magnus Hillestad, Director at EQT Partners and Investment Advisor to EQT Opportunity. “EQT is proud to sell TitanX to Tata AutoComp, a great strategic owner for the continued development and growth of TitanX.”

With Tata AutoComp as a new owner, TitanX will be able to leverage their Asian presence by establishing relationships with the leading commercial vehicle OEMs in Asia as well as working together with Tata AutoComp’s purchasing and R&D departments to drive efficiency and new product innovations.

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Lowell GFKL Group acquires leading German third party collections company Tesch Inkasso strengthening its position in a core market.

Permira
Lowell GFKL Group,a European leader in credit receivables management
backed by the Permira Funds and Ontario Teachers’ Pension Plan, today announces that it has entered into an agreement to acquire Tesch Inkasso Group from Avedon Capital Partners and the other existing shareholders. Closing is subject to certain regulatory approvals.
After acquiring Austrian IS Inkasso Service in April, this is Lowell GFKL Group’s second acquisition since its formation in October 2015. This complementary addition strengthens the Group’s position in its core German market. It underlines the Group’s ambition to build a pan-European business with leadership positions in each of its markets.
The transaction further improves diversification in terms of addressed
verticals and business mix.
It will deliver a range of synergies to the enlarged Group.
Tesch Inkasso is a leading German 3PC company with several thousand
unique clients and a volume of receivables serviced of c. €2 billion. Founded in 1985, it was acquired by Avedon Capital Partners in 2012
and has itself acquired Transcom CMS and Mediafinanz in recent years.
Lowell GFKL Group is considering various forms of financing to fund the transaction including loans and debt securities.
Tesch Inkasso has a leading position in the utilities and eCommerce
sectors and has complementary expertise to the Lowell GFKL Group in many other sectors. It shares the Group’s commitment to building long-
term client relationships and respectful, fair engagement with consumers.
The CEO of Tesch Inkasso Thomas Dold, will join the Group having
delivered strong organic growth and an impressive new client win rate over the past few years.

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Roompot Vakanties to be sold to PAI Partners

PAI Partners

Roompot Vakanties will be acquired by the French private equity firm PAI Partners. Both parties have agreed to the transaction, subject to the finalisation of the advisory process with Roompot’s works council and the completion of the consultation procedure with the appropriate unions. The acquisition will enable Roompot to further grow its position as the largest provider of quality recreational accommodations in the Netherlands and accelerate the implementation of its development plans.

PAI Partners will acquire Roompot from Gilde Buy Out Partners, BNP Paribas Fortis, the current management of Roompot and the founder Henk van Koeveringe. The selling price is confidential and will not be made public, but is in conformity with market standards.

“The acquisition is in line with both our strategic ambitions and financial aspirations”, says CEO Jurgen van Cutsem. “We already are the largest player in the recreational sector in the Netherlands. The goal now is to further improve the quality of our parks and other accommodations, something we already started several years ago. Next to this, we are planning to expand and strengthen our current position by strategic acquisitions and the redevelopment of our current coastal locations.” Currently, Roompot is mainly active in the Netherlands, Germany, Belgium and France. The focus of the company, which is originally from the Dutch region Zeeland, will remain on coastal recreational parks.

Gaëlle d’Engremont, Partner at PAI Partners, commented: “Over the past years, PAI has invested significant time and resources in the hospitality and leisure space, which is a growing and attractive sector in Europe. We believe the holiday park segment will benefit from the long term trends that are reshaping the European leisure market, such as the reduction in the length of vacations, the need for closer destinations and the rise of premium and branded offering. We are delighted to be partnering with an outstanding management team led by Jurgen van Cutsem. Roompot is a unique asset and we look forward to supporting the team to successfully implement its growth strategy in the coming years. After B&B Hotels, this transaction is a further example of the firm’s long-standing commitment to and strong knowledge of the Consumer sector”.

The acquisition is a positive development for both guests and employees of Roompot Vakanties. After the acquisition, the workforce will be expanded in strategic locations. The new owner has also agreed that the current management will remain with Roompot for at least the next five years. Roompot and PAI Partners expect the acquisition to be completed around the end of September.

Notes

About Roompot Vakanties
Roompot Vakanties is the largest provider of recreation parks in the Netherlands. Roompot is active in managing and operating holiday resorts and camping sites, mainly in the Netherland, Germany, Belgium and France. The company’s head office is located in Kamperland, in the Dutch region of Zeeland. Over the last year, nearly 2 million people visited Roompot parks, with the total number of overnight stays exceeding 10 million. The holiday parks and campsites of Roompot are beach and sea-adjacent or in the midst of nature.

About PAI Partners

PAI Partners is a leading European private equity firm with offices in Paris, London, Luxembourg, Madrid, Milan, Munich, New York and Stockholm. PAI manages €8.3 billion of dedicated buyout funds. Since 1994, the company has completed 60 transactions in 11 countries, representing c. €41 billion in transaction value. The company invested, among others, in United Biscuits (biscuits), Hunkemöller (lingerie), Swissport (airport services), AS Adventure (outdoor equipment retail) and B&B Hotels (budget hotels). PAI is characterised by its industrial approach to ownership combined with its sector-based organisation. They provide the companies they own with the financial and strategic support required to pursue their development and enhance strategic value creation.

Categories: News

Nordstjernan becomes new main owner in publicly listed Swedol – acquires more than half of the Zetterberg family’s shares

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Nordstjernan

Nordstjernan acquires 29.9 % of the share capital and 29.7 % of the votes in Swedol from the Zetterberg family’s holding company Zelda. The acquisition is made at a price of 20 SEK per share. The Zetterberg family retains 21.5 % of the share capital and 29.7 % of the votes. Zelda has committed to reclassify 5 million Class A shares into Class B shares.

Swedol is a leading player within the sale of high quality goods to the professional market through its own stores, mail order and e-commerce. The operations include four customer segments – building & plant, industry & workshop, agriculture & forestry and haulage & transport. The company had a turnover in 2014 of 1.4 billion SEK.

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Press Ganey enters into Definitive Agreement to be Acquired by EQT

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eqt

Boston, MA, August 9, 2016 – Press Ganey (NYSE: PGND), a healthcare performance improvement company, announced that it has entered into a definitive agreement to be acquired by EQT Equity fund EQT VII (“EQT”), part of the global private equity group EQT. Under the terms of the agreement, EQT will acquire all of Press Ganey’s common stock. Shareholders of record will receive $40.50 in cash per share of Press Ganey common stock, resulting in an enterprise value of approximately $2.35 billion. The offer price represents a 20% premium to the year to date volume-weighted average price and a 62% premium to the initial public offering price for the common stock. The acquisition of Press Ganey represents EQT’s first direct EQT Equity investment in North America.

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FIELDS Group acquires SULO Emballagen

FIELDS Group is pleased to announce that they have a Agreement reached to acquire 100% of the shares of SULO EMBALLAGEN GmbH. SULO develops EMBALLAGEN and produces steel drums for the chemical and food products industry and is based in Herford, North Rhine-Westphalia. The company is a of the leading suppliers
of steel drums in Germany and has more than 90 years in the market active. The annual turnover is approximately € 40 million. The company is sold by Plastic Omnium Environment, the environmental division of Compagnie Plastic Omnium of France. The acquisition will be completed in the coming months.

Anne Willem de Vries from FIELDS GROUP ”
Sulo EMBALLAGEN produces high quality steel barrels large volumesen therefore fits the profile of FIELDS Group. The acquisition will SULO EMBALLAGEN enable the activities based on its high quality and good customer relations in the years to further expand. Henry Freudenreich, CEO of SULO EMBALLAGEN adds: “By working together with FIELDS Group we can benefit from the extensive experience and expertise of FIELDS Group in the field of high quality, high volume production. Together with FIELDS Group SULO EMBALLAGEN activities develop its current and adjacent markets and we continue our clients and meet their needs for packaging and of steel.

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