Category Archives: News

AddSecure sold to ABRY Partners

Viking Venture is pleased to announce the sale of portfolio company AddSecure to ABRY Partners, a Boston US based private equity firm. AddSecure is the Nordic market leader providing secure mission-critical machine to machine communications for security and other applications across a wide range of verticals including healthcare, public safety, transportation and utilities. 

AddSecure manages a highly secure communications platform enabling the automated control and remote monitoring and management of sensors and other devices deployed in the field.

The company was established after the merger of the Viking Venture backed company Safetel AS and Multicom Security in 2014. Safetel AS was founded in 2000 based on a fundamental belief that mobile communication networks would be well suited to provide secure critical communication. Safetel received funding from Viking Venture, B. Skaugen AS and Follum Invest and grew quickly to become a strong Nordic player.

Following the merger, AddSecure has grown into employing around 120 people, having 120,000+ active subscribers and a strong network of over 1,000+ channel partners in Norway and Sweden. The company had revenues of SEK 374 mill. in 2015 with an EBITDA of SEK 124 mill.

“AddSecure is a great example of how we can develop world class Norwegian technology into internationally leading businesses through organic and inorganic growth”, said Erik Hagen, Managing Partner at Viking Venture.

“AddSecure has managed to achieve a unique position within the Scandinavian secure communications market. Scandinavian tech companies are at the forefront of global development, and we truly believe AddSecure has the potential to establish itself as an international M2M communications player in the coming years”, said Rob Nicewicz, Principal at ABRY Partners.

Read more in Adresseavisen June 17 2016 (only in Norwegian).

About Viking Venture
Viking Venture is one of the leading Nordic venture funds and invests in growth companies within IT and Oil and Gas with a potential to grow internationally. Viking Venture is managing funds with NOK 1.4 and has invested in 40 companies. Viking Venture is based in Trondheim, Norway and has presence in the US and the UK. See www.vikingventure.com.

About AddSecure
AddSecure is a leading Nordic company within secured critical communication systems. The business emerged at the beginning of the 1970s and has today more than 100 000 business clients and 120 employees in Scandinavia. The company’s communications services for alarm and mobile data protects life, property and public functions. The offered solutions are flexible, easy to install and increases the clients’ competitive strength. The ambition is to be the preferred choice in the Nordics and a leading player in the Northern Europe. For more information please visit www.addsecure.com

About ABRY Partners
Founded in 1989, ABRY Partners is one of the most experienced and successful media, communications, business and information services focused private equity investment firms in North America. Since its founding, ABRY has completed over $61 billion of transactions, representing investments in over 550 properties.

Contact persons:
Erik Hagen, Managing Partner Viking Venture +47 920 22 430
erik.hagen@vikingventure.no

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CapMan Real Estate acquires a 50% stake in the leading outlet centre in Denmark

The CapMan Nordic Real Estate fund has acquired a 50% stake in the Ringsted Outlet centre and forms a partnership with the Danish real estate company TK Development. Ringsted Outlet is the first and leading outlet centre in Denmark. The aim of the investment is to further develop the centre and its services to correspond to the increasing demand.

“We are delighted to have the opportunity to participate in this retail niche that has truly been on the rise in recent years. The growth prospects for the outlet centre are steady and there are several value creation opportunities through improving occupancy and brand offering, among others,” comments Torsten Bjerregaard, Senior Partner at CapMan Real Estate.

“We have previous experience with TK Development working on BROEN Shopping in Esbjerg and we are looking forward to realising the full potential of the Ringsted Outlet with them,” Bjerregaard adds.

The Ringsted Outlet, awarded Denmark’s best outlet centre in 2015, covers 12,500 square meters and is the only architect-designed outlet city in Denmark following the concept of successful international outlet villages. The centre has a unique location along the E20 motorway in Sealand, a 45-minute drive from Copenhagen, with a direct rail link to Copenhagen city centre.

Ringsted Outlet has 44 Danish and some of the world’s largest international brands, including Nike, Hugo Boss, Calving Klein and many more. Currently the outlet is 85% occupied and is expected to be fully let in one year’s time. The centre had 1.5 million visitors in 2015 and has experienced double-digit growth in recent years, both in terms of visitors and turnover.

The focus of the €273 million CapMan Nordic Real Estate fund is to acquire mainly office, retail and residential properties located in established submarkets of major Nordic cities. The fund was established in 2013 and has made 17 investments of which eight are located in Denmark.

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svt Group to acquire AIK Flammadur Brandschutz

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svt Group to acquire AIK Flammadur Brandschutz

svt Group (“svt” or “the Group”) is pleased to announce the acquisition of AIK Flammadur Brandschutz GmbH (“AIK”), a manufacturer of passive fire protection products and systems. Financial terms of the transaction are not disclosed.

Established in Seevetal/Hamburg in 1969, svt is a leading passive fire protection and restoration management company in Germany. The Group operates in two segments – passive fire protection (“PFP”) and restoration management (“RM”), which share know-how and experience. svt has in total a network of 22 branches in Germany, local presence in Poland and Russia and a large international partner network.

IK Small Cap I Fund, advised by IK Investment Partners, is majority shareholder of svt since July 2015.

“AIK has a 100 year history and presence in the PFP market, a complementary product portfolio and a strong organisation, allowing us to further develop our offering and network of distributors. In addition, AIK is active in the shipping industry which enables us to benefit from an experienced team and an existing customer network. AIK will support us in our aim of improving fire safety in society, and we are very excited to team up with Jörg and his team,” says Steffen Gerdau, CEO of svt Group.

“We develop and manufacture passive fire protection products that meet the highest legal and technical standards. Looking ahead, we are confident in our new partnership with svt, and we are excited to work alongside them as we continue to develop new, future-oriented safety systems of the highest quality together,” says Jörg Hansen, CEO of AIK.

For further questions:

svt Group
Steffen Gerdau, CEO
Phone: +49 4105 409056

AIK Flammadur Brandschutz GmbH
Jörg Hansen, CEO
Phone: +49 561 58010

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

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

About svt Group
www.svt.de

About AIK Flammadur Brandschutz GmbH
www.aik-flammadur.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 funds have raised more than €7.5 billion of capital and invested in over 95 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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Nordic Capital announces the sale of COROB to Wise SGR

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Nordic Capital announces the sale of COROB to Wise SGR

Nordic Capital Fund VI (“Nordic Capital”) today announces that it has agreed to sell COROB Group, (“COROB”), a leading global provider of advanced tinting equipment to the paints and coatings industry, to WISE SGR S.p.A. (“Wise SGR”). The new owner will continue to support COROB’s growth and strategy.

COROB is a leading global provider of advanced tinting equipment to the paints and coatings industry. Headquartered in San Felice sul Panaro, Italy, COROB has three development and manufacturing sites in Italy, India and Finland and employs approximately 530 employees.

“Nordic Capital acquired COROB as a division of the Finland-based CPS Color in 2008, and separated COROB from the group’s colorant activities in 2013. With support from Nordic Capital, COROB has successfully established itself as a strong global standalone company, focused on delivering innovation to the tinting market and servicing its customers”, commented Christian Gylling, Principal, NC Advisory Oy, advisor to the Nordic Capital Funds and Board member of COROB.

Kaj Brandt, CEO of COROB, commented: “We are pleased with this important step in the history of COROB. Wise SGR is a leading Italian management company of private equity funds with a hands-on attitude and is supportive of our ambitious growth plans. I would like to thank Nordic Capital for their continuous support during the period of their ownership.”

Valentina Franceschini, Partner of Wise SGR commented: “The investment in COROB fits with the strategy of Wise SGR. The tinting equipment niche is one where Italian companies are the most innovative on a global basis. COROB is an Italy based company with an international footprint, and is exposed not just to the growth in the paints and coatings end market but also to the increased penetration of tinting globally.”

The sale is conditional upon normal regulatory approvals. Financial terms of the transaction were not disclosed.

Millington Advisory Partners acted as financial advisor to Nordic Capital in relation to the transaction.

Press contact:

Nordic Capital

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

Wise SGR

Valentina Franceschini, Partner
Wise SGR
Tel: +39 02 8545691
e-mail: vfranceschini@wisesgr.it

Nordic Capital

Nordic Capital private equity funds have invested in mid-market companies primarily in the Nordic region since 1989. Through committed ownership and by targeting strategic development and operational improvements, Nordic Capital enables value creation in its investments. Nordic Capital Funds invest in companies in northern Europe and in selected investment opportunities internationally. The most recent fund is Nordic Capital Fund VIII with €3.5 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Funds are based in Jersey, Channel Islands, and are advised by the NC Advisory companies in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital please see www.nordiccapital.com

COROB

Headquartered in San Felice sul Panaro, Italy, COROB is one of the world’s leading suppliers of advanced tinting equipment for the global paints and coatings industry. COROB offers a complete range of point-of-sales equipment from entry-level to high-performance dispensers, as well as mixers and shakers. In addition, COROB supplies complete In-Plant tinting systems and advanced self-service vending solutions. COROB offering is supported globally by a highly recognized Service Partner network. The company’s commitment is to continue its heritage of building high quality and highly innovative products that create value to its final customers. COROB dedicates a significant part of its resources to improve its products and to develop new solutions for the tinting market. The main development and manufacturing sites are in San Felice in Italy, Daman in India and Ulvila in Finland.

www.corob.com

Wise

Wise SGR S.p.A. specializes in the management of Private Equity closed-end funds, investing in small and medium-sized companies, with a special focus on Italy. The funds managed by Wise are typically involved in leveraged buy-out and capital increase transactions, dedicated to companies that are leaders in their niche markets. The two major objectives are to lead “build-up” transactions, in order to enhance competitiveness and profitability, and to push the international development. Wise, controlled by the management team, from 2000 to today has managed three Funds: Wisequity I, with a commitment of €100 million, completely divested, Wisequity II, with a commitment of €170 million, which is in the process of disinvestment, and Wisequity III, with a commitment of over €180 million and six investments in its portfolio. Wisequity IV, with a commitment of €215 million, was launched in 2016 and the COROB investment will be the first investment from Wisequity IV.

www.wisesgr.it

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PAI enters into an agreement to purchase Atos Medical

PAI Partners (“PAI”) have entered into an agreement to acquire Atos Medical (the “Company”) from EQT VI. Atos Medical is a fast-growing medical device company holding an undisputed global leadership position within the laryngectomy market.

Atos Medical develops, manufactures and sells a range of products that help patients who have undergone total laryngectomy to restore their ability to speak and increase their quality of life. Operating under a proven chronic care business model, which provides high and robust revenue predictability, the Company has delivered strong profitable growth and an excellent financial track record over the last decades as it has developed the market for its products and established a global customer base.

Ragnar Hellenius, Partner and Head of the PAI Nordic team:
“We are very proud to become the new owners of Atos Medical, a company that gives their voice back to patients who have been through invasive life-changing surgery. We are backing an outstanding management team under the leadership of Mr Claus Bjerre, who possesses unparalleled experience and capabilities in the world of chronic care. We believe the journey and transformational strategy that EQT has started together with Mr Claus Bjerre and his team is well founded and one we will continue to support.”

Claus Bjerre, CEO Atos Medical:
“We are very excited to partner with PAI Partners to continue to grow our company. PAI shares Atos’ ambition to rapidly grow our business within our highly underpenetrated core market, by investing in R&D, further developing our direct-to-consumer sales model, and expanding our global sales presence. We believe that PAI, with its industrial approach, healthcare sector capabilities, and global network, is an ideal partner for Atos to fully realise our strategy and growth ambitions.”

This acquisition will be the 10th investment by PAI Europe VI and is a testimony of PAI’s proven operating model, combining local sourcing and execution capabilities with sector expertise. It is also a further example of PAI’s long-standing commitment to the Healthcare sector.
The transaction is expected to close during the summer of 2016.

About EQT

EQT is a leading global private equity group with approximately EUR 29 billion in raised capital. EQT has portfolio companies in Europe, Asia and the US with total sales of more than EUR 17 billion and 140,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
For further information: www.eqt.se

About Atos Medical

Atos Medical is a medical device company with a global market and technology leading position in the segment for voice and pulmonary rehabilitation of patients who have undergone laryngectomy (surgical removal of the voice box). The Company is head-quartered in Malmö, Sweden and has c. 450 employees.
For further information: www.atosmedical.com

About PAI

PAI is a leading European private equity firm with offices in Paris, London, Luxembourg, Madrid, Milan, Munich, New York and Stockholm. PAI manages over €8 billion of dedicated buyout funds. Since 1994, PAI has completed 59 LBO transactions in 11 countries, representing c. €41 billion in transaction value.
PAI is characterised by its industrial approach to ownership combined with its sector based organisation. PAI provides portfolio companies with the financial and strategic support required to pursue their development and enhance strategic value creation.
For further information about PAI: www.paipartners.com

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EcoOnline AS acquires 100% of ChemiControl ApS

“We are extremely pleased to see our two companies join forces. This will contribute to the service and quality our customers expect in Denmark”, says Henrik Stig Andersen, founder and Chief Developer. “EcoOnline has the resources and competency to take the business forward”, says Per Mølgaard Thorsen, the co-founder and CFO.

“ChemiControl is a great company with a great product, a superb team, and many professional customers. We really look forward to working together and unlocking the synergies in the Nordic region”, says Øyvind Thorsen, CEO of EcoOnline AS.

EcoOnline AS acquires 100% of ChemiControl ApS with effect from May 25, 2016. ChemiControl ApS develops and offers software for Chemical Inventory Management in the Danish market with its head office in Aarhus, Denmark. EcoOnline AS develops and offers software for Chemical Documentation Management in the entire Nordic region with its head office in Tønsberg, Norway.

ChemiControl ApS is a market leader in Chemical Inventory Management software in Denmark. Visit chemicontrol.com.
EcoOnline AS is a market leader in Chemical Documentation Management software in the Nordics. EcoOnline is a company in the Viking Venture portfolio. Visit ecoonline.com.

Contact:
Viking Venture: Erik Hagen, Managing Partner, +47 920 22 430
EcoOnline A/S: Øyvind Thorsen, CEO, phone +47 33 01 68 08

More news about EcoOnline:
Viking Venture invests in EcoOnline AS

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Procuritas Capital Investors V LP invests in SEM AB

Procuritas

Procuritas Capital Investors V LP (“PCI V”) invests in SEM AB, a leading Sweden based developer and manufacturer of high precision products based on electromagnetic coil applications.

SEM was founded in 1915 and is one of the world’s leading producers of electronic ignition systems and control systems for combustion engines, including heavy- and medium-duty vehicle engines, natural gas engines and small engines. SEM’s products and systems provide greater engine power and lower fuel consumption while reducing harmful emissions. Intensive development work is being carried out by SEM in order to meet the stricter environmental requirements of the future. The company enjoys an excellent reputation as the market’s global quality leader for electronic ignition systems due to a high degree of specialist knowledge accumulated over 100 years of engineering experience, an extended range of customer services, and a proven track record of successful product innovations. SEM serves a blue chip customer base from two fully invested and state-of-the-art production facilities (one in Sweden, one in China). The company has experienced significant growth over the last number of years.

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New Portfolio Company: Unacast AS

Investinor

Investinor invests in Norwegian tech startup Unacast AS.

Unacast offers the world’s largest network of beacon and proximity data, connecting the physical world to the digital for online retargeting and attribution.

“Like Google indexed the web, Unacast is indexing the physical world”, says Thomas Walle, co-founder and CEO of Unacast.

Unacast will use the newly raised funds to maintain its #1 position, as the maturing proximity industry grows to 400 million sensors in the next years

The number of beacons deployed world wide is forecasted to grow to 400 million beacons in 2020. Unacast already covers 1.4m (30%) of the world’s beacons— making Unacast the largest aggregator in the growing proximity ecosystem.

Unacast connects these data sets to global ad platforms through partnerships with marquee players such as Oracle, MediaMath, Opera, Lotame and Adform to enable digital ad retargeting based on accurate and deterministic physical behavior.

“We are impressed by how fast Unacast has established itself as the dominant integrator in the fast-growing proximity marketing space, connecting operators of physical beacon networks worldwide with the large global advertising platforms and exchanges. Unacast has more than 1.4 million (or 30%) of the world’s beacons in its network, and can offer advertisers a proximity marketing data set that is unprecedented both in scale and depth, says Investment Director Jon Øyvind Eriksen at Investinor”.

INDUSTRY KNOWLEDGE AND LIFTING POWER
Unacast has raised $5 million in a Series A financing round, with Open Ocean Capital, a leading European VC firm for software and data investments, leading the round. Investinor co-lead the round.

In addition to Open Ocean Capital and Investinor, investors in the Series A round include NYC adtech veterans Jonah Goodhart of Right Media (sold to Yahoo) and Michael Barrett, former CEO of Millennial Media, which he took public.

“The Unacast team has a tremendous vision for merchandizing proximity data and serving the data-driven ad industry,” says Michael Barrett, Unacast investor, and previous CEO of Millennial Media.

Thomas Walle continues: “Our goal is to connect all sensors in the world to one platform, and it was important for us to work with investors with industry knowledge and substantial lifting power. This new round enables us to radically accelerate our growth worldwide and scale Unacast’s platform to power the demand from the major global marketing platforms.”

ABOUT UNACAST
With 1.4 million beacons and over 50 partners, Unacast is the world’s largest network of beacon and proximity companies, connecting the physical world to the digital world. Through the Unacast PROX network, Unacast enables a scalable global solution for retailers and brands to use beacon and proximity data for online retargeting and attribution.

Thomas Walle and co-founder Kjartan Slette, were part of  the founding team behind TIDAL, the music streaming company sold to Jay Z.

Unacast is the the backend of proximity that aggregates and provides a unified platform for the proximity and advertising industry, solving the fragmentation problem to the benefit of both the supply and demand side. Unacast is the first company to enable a scalable way for retailers and brands to retarget customers online based on accurate behavior in the physical space.

Learn more at unacast.com

 

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Altor to acquire Tresu Group

Tresu Group (“Tresu”), a leading manufacturer of high performance flexographic (“flexo”) inline printing machines, is to be acquired by Altor Fund IV (“Altor”). The Nordic Private Equity fund acquires the company from the current majority-owner Erhvervsinvest II K/S. The sale and purchase agreement was signed on May 11, 2017.

Tresu Group is a highly specialized company as a leading supplier in the production and delivery of flexo inline printing machines primarily in the food sector of the packaging manufacturing industry (primarily for packaging printed on cardboard – including for juice and milk) and accessories for flexo, offset and digital printing machines dedicated to a number of leading manufacturers in the graphic industry. Tresu is also a supplier of specialized solutions for the graphic production of niche products such as lottery tickets and hygiene products. In addition, Tresu is exposed to the fast growing market for industrial digital printers with their flexo surface treatment solutions, typically purchased with the digital printer.

The company is headquartered in Bjert, Kolding, with additional production and sales facilities in the United States, and sales and service offices in Germany, Italy, China and Japan. Tresu employs around 250 dedicated employees who, with their innovative solutions, serve the company’s global customers.

“Tresu’s customers are among the largest and most demanding in the industry with an unwavering focus on productivity, efficiency and service. Employees are our most important resource, “says COO Søren Maarssø. “We constantly focus on employee development and involvement and are always looking for highly skilled labor and talents to ensure continued development in the future.”, says Søren Maarssø, COO, Tresu Group. “Altor has a long-term investment horizon, and their experience with industrial technology is of great value for our future expansion plans.”

Søren Maarssø continues: “With Tresu’s latest breakthrough among some of the world’s largest food packaging manufacturers and surface treatment in the fast-growing digital printer market, we now focus on accelerating our growth in and outside the United States.”

“We are pleased with the development that Tresu has undergone, and the focused and highly profitable business the company has developed into,” says Thomas Marstrand, Managing Partner at Erhvervsinvest. “Together with management and the employees, we have been able to apply Tresu’s strong technical skills to enter new geographies and segments within the company’s core business. ”

“During the last 5-7 years, Tresu has created the foundation for an internationalization of its core business in flexographic printing technology,” says Thomas Kvorning, Director at Altor. “We look forward to working closely with Tresu’s management to realize the ambitious growth plans that await ahead.”

The transaction is subject to customary regulatory requirements and approvals.

For more information, please contact:
Thomas Kvorning, Director at Altor +45 29 29 73 05
Thomas Marstrand, Managing Partner at Erhvervsinvest +45 21 65 93 26
Søren Maarssø, COO at Tresu Group +45 21 63 34 50

About Tresu Group
Tresu is a highly specialized company offering flexible, customized solutions of flexo printing machines and ancillary products for flexo, digital and offset printing to the graphic industry. Tresu has over 30 years of experience and expertise in the development and production of solutions for this industry and supplies directly to end-customers and OEMs.

About Altor
Since inception, the family of Altor funds has raised some EUR 5.8 billion in total commitments. The funds have invested in excess of EUR 3.6 billion in more than 40 companies. The investments have primarily been made in medium-sized companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Norican, Haarslev, Sonion, Ferrosan, Aalborg Industries and Helly Hansen. For more information visit www.altor.com

About Erhvervsinvest
Erhvervsinvest was established in 2004 and has since then raised some EUR 450 million in total commitments and made 24 platform investments in small and medium sized Danish companies. Among current and past investments are Ellegaard, Damolin, Mejerigaarden, G&O Maritime Group and Gaming. For more information visit www.erhvervsinvest.dk

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Nordic Capital Fund VIII and Novo A/S announce the closing of the acquisition of ERT

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Following approval by the antitrust authorities in the US and Europe, Nordic Capital Fund VIII, (“Nordic Capital”), and Novo A/S today announce the closing of the acquisition of ERT from Genstar Capital for an enterprise value of USD 1.8 bn. Nordic Capital Fund VIII will control 70% of the institutional equity and Novo A/S will hold the remaining 30%.

With 1,300 employees world-wide and with its headquarters in Philadelphia USA, ERT is a global leading provider of advanced high-quality electronic data collection solutions for clinical development programs. Their systems are widely used by pharmaceutical and biotech companies innovating drug and device therapies to optimize clinical trial management, and to document safety and efficacy clinical outcomes data.

Since its inception in 1972, ERT has developed from a technology start-up to a company that today supports the conduct of more than 1,500 clinical trials annually. This is achieved through the compilation of a variety of clinical outcome data from more than 2.7 million patients, in strict accordance with the standards defined by the major regulatory agencies.

Jim Corrigan, President and Chief Executive Officer of ERT said, “The acquisition of ERT by Nordic Capital Fund VIII and Novo A/S provides a new substantial financial and operational backing that will enable us to grow and expand the company’s activities further. The new ownership will fast-forward our development plans and deepen our service offerings, to meet the evolving needs of our customers.”

Building on ERT’s leading technology stronghold and operational performance within clinical outcomes data capture, analysis and reporting, the company’s management and new owners are aiming to pursue further add-on investments to expand the operational platform of ERT in the years to come.

Jonas Agnblad, Partner, NC Advisory AB, advisor to the Nordic Capital Funds commented, “Nordic Capital identified ERT as a very attractive investment opportunity in the eClinical market.It has deep insights into the clinical development process, an attractive technical platform and an outstanding competitive position.Nordic Capital is pleased to partner with Novo A/S to acquire ERT, given their dedicated life-science investment focus. Together, we are planning to invest in the company’s service offerings and operational footprint in the years to come.”

Dr. Raj Shah, Partner, NC Advisory (UK) LLP, advisor to the Nordic Capital Funds said “We are impressed by the investments made in the technical platform as well as management’s overall development of ERT as a trusted healthcare service partner and the leading healthcare technology provider. Their leadership position in the attractive eCOA market, supported by similar strong positions in Cardiac Safety and Respiratory Solutions, provides a robust platform for future growth”.

Commenting on the investment in ERT, Michael Shalmi, Head of Large Investments in Novo A/S said, “We are pleased to partner with Nordic Capital Fund VIII for the joint ownership and development of ERT, given their extensive health care related buy-out experience and excellent life science investment track record. The many growth options available to ERT, organically as well as by acquisitions, represent exciting investment opportunities which we look forward to pursuing in our partnership with Nordic Capital Fund VIII and the management of ERT”.

 

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