Announcing Partner promotions at EQT

eqt

2018 was yet another eventful year for EQT. The various EQT buy-out funds invested in 52 companies and exited, or partially exited 18. The pace was high also on the fundraising side with three funds successfully closed; EQT Mid Market Asia III (at USD 800 million), EQT Mid-Market Credit II (at EUR 2.3 billion which was more than four times the size of its predecessor fund), and EQT VIII (at its hard cap of EUR 11 billion after less than six months of fundraising).

The EQT organization has continued to grow both geographically, with offices opened in San Francisco and Berlin, and in terms of new investment strategies, with Public Value being the most recent initiative. EQT also welcomed some 80 new colleagues to the firm and today, EQT has close to 600 employees across the globe.

Being an organization where the most important asset is the employees, it is a great pleasure to announce the yearly Partner promotions – the following Directors have been promoted to Partners, effective as of January 1, 2019.

Christian Sinding, CEO and Managing Partner comments: “I would like to express my warmest congratulations to the new Partners. They have all demonstrated a strong dedication and an entrepreneurial spirit, providing valuable contributions to the EQT platform, our culture and values. I look forward to working together for continued success as we enter the next phase of EQT’s growth journey.”

In addition, EQT is happy to announce the recruitment of two new Partners to the EQT Ventures advisory team; Lyle Fong and Johan Svanström. Lyle has founded several companies in enterprise software and gaming, and Johan was most recently worldwide President of Hotels.com, and a member of the global management team of its parent, Expedia Group Inc. Both will be based in London.

Thomas von Koch, Deputy Managing Partner, adds: “I am thrilled about the Partner promotions, these individuals play a key role in EQT’s vision to become the most reputable investor and owner and they are truly passionate about developing companies. I also look forward to collaborating with Lyle and Johan in my new capacity focusing on EQT’s various growth areas – their experiences as serial entrepreneurs will be invaluable for EQT Ventures’ future development.”

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TA Associates Announces 2019 Global Staff Promotions

TA associates

BOSTON – TA Associates, a leading global growth private equity firm, today announced promotions earned by 10 staff members in the firm’s Boston, Menlo Park, Hong Kong and Mumbai offices, effective January 1, 2019.

“We are delighted to announce these team members’ promotions, which were earned through their hard work and dedication to TA, our portfolio companies and our limited partners,” said Brian J. Conway, Chairman and Managing Partner at TA Associates. “Each of these individuals have played an important role in our growth and evolution as a firm, and we are pleased to recognize their accomplishments and look forward to their continued successes and contributions to TA.”

Dhiraj Poddar was promoted to Managing Director from Director. He heads the Indian operations of TA Associates Advisory Pvt. Ltd. in Mumbai, focusing on investments in companies in India. Mr. Poddar advised on TA’s investments in Atria Convergence Technologies (ACT), Fincare, Fractal Analytics, Ideal Cures, IndiaIdeas.com (BillDesk), Prudent Corporate Advisory Services, RateGain, Shilpa Medicare and Tega Industries. He serves on the Board of Directors of Atria Convergence Technologies (ACT), Fincare, Fractal Analytics, Ideal Cures, IndiaIdeas.com (BillDesk), Prudent Corporate Advisory Services and Tega Industries, and is a Board Observer of RateGain. Mr. Poddar received a degree from the Institute of Chartered Accountants of India and an MBA from the Indian Institute of Management, Ahmedabad.

Ethan Liebermann was promoted to Director from Principal. He is based in TA’s Boston office, focusing on investments in healthcare companies. Mr. Liebermann led TA’s investments in Aldevron and MedRisk; co-sponsored CCRM, Datix and SoftWriters; and was actively involved in the firm’s investment in eviCore healthcare (formerly MedSolutions). He serves on the Board of Directors of Aldevron, CCRM and Datix, and formerly served on the Board of MedRisk and SoftWriters. Prior to joining TA in 2007, Mr. Liebermann worked in the Global Healthcare Corporate and Investment Banking group at Banc of America Securities. He received a BA degree in Economics and Biology from the University of Pennsylvania and an MBA from the Harvard Business School.

Jason Mironov was promoted to Director from Principal. He is based in TA’s Menlo Park office, focusing on investments in business, financial, technology-enabled and other services companies in North America. Mr. Mironov led TA’s investment in Procare Software; co-sponsored Conservice, DiscoverOrg and Plusgrade; and was actively involved in the firm’s investment in The Collected Group (formerly Dutch). He serves on the Board of Directors of Conservice, DiscoverOrg and Procare Software, and formerly served on the Board of Plusgrade. Prior to joining TA in 2012, Mr. Mironov was an Associate at Spectrum Equity Investors and also worked in the Investment Banking Division of JP Morgan in New York and Sub-Saharan Africa, as well as at Technology Crossover Ventures. He received a BBA degree, with Distinction, from the University of Michigan Ross School of Business and an MBA from the Harvard Business School.

Clara Jackson was promoted to Principal from Senior Vice President. She is based in TA’s Boston office, focusing on investments in financial services and technology and other services companies in North America. Ms. Jackson co-sponsored TA’s investment in Financial Information Technologies (Fintech), NorthStar Financial Services Group, Rectangle Health (formerly Retriever Medical/Dental Payments) and Russell Investments. She serves on the Board of Directors of Financial Information Technologies (Fintech) and NorthStar Financial Services Group, and is a Board Observer of Russell Investments. Prior to joining TA in 2014, Ms. Jackson was a Vice President at Fireman Capital Partners, where she served on the Board of Directors of Skip Hop. She was previously an Associate at TPG Growth and an Analyst at Goldman, Sachs & Co. Ms. Jackson received a BS degree, summa cum laude, Phi Beta Kappa, in Economics from Vanderbilt University and an MBA from the Harvard Business School.

Emily McGinty was promoted to Principal from Senior Vice President. She is based in TA’s Menlo Park office, focusing on investments in healthcare companies in North America. Ms. McGinty led TA’s investment in Behavioral Health Works and Healix, where she also serves on the Board of Directors. She was actively involved in the firm’s investment in eviCore healthcare (formerly MedSolutions). Prior to joining TA in 2007, Ms. McGinty worked in the Consumer, Healthcare and Retail Group at JPMorgan Securities. She received a BA degree, summa cum laude, in Economics from Boston College and an MBA from the Stanford Graduate School of Business.

Daniel Brujis was promoted to Senior Vice President from Vice President. He is based in TA’s Hong Kong office of TA Associates Asia Pacific Ltd., focusing on investments in companies in the Asia-Pacific region with a focus on technology, consumer products, business and financial services. Mr. Brujis has been actively involved in TA’s investments in Fisher Funds, RateGain, Söderberg & Partners, Speedcast International and Yarra Capital Management. He is a Board Observer of Yarra Capital Management. Before joining the Hong Kong office, Mr. Brujis spent three years with TA in London focusing on European investments. Prior to joining TA in 2011, he was an Investment Banking Analyst in the Financial Institutions Group at Lazard Frères & Co. Mr. Brujis received a BS degree, magna cum laude, in Operations Research and Financial Engineering from Columbia University.

Michael Libert was promoted to Senior Vice President from Vice President. He is based in TA’s Boston office, focusing on investments in technology companies. Mr. Libert has been actively involved in TA’s investments in Answers, Bomgar, IDERA, insightsoftware, MRI Software, Nintex, PDI and Prometheus Group. He serves on the Board of Directors of insightsoftware and Nintex, and is a Board Observer of IDERA, MRI Software and PDI. Prior to joining TA in 2011, Mr. Libert led Corporate Strategy for Nintex and worked as an Associate Consultant at Bain & Company. He received an AB degree, cum laude, in Economics from Harvard College and an MBA from the Stanford Graduate School of Business.

Tony Marsh was promoted to Chief Capital Markets Officer from Director of Capital Markets. He is based in TA’s Boston office, and leads all new acquisition financings and capital markets activities for TA portfolio companies globally, as well as manages the firm’s relationships with corporate finance providers and advisors. Prior to joining TA in 2013, Mr. Marsh was a Director at Credit Suisse in the Financial Sponsors Group, focusing on leveraged finance transactions. He received a BS degree in Business Management from Brigham Young University and an MBA, with Distinction, from the University of Michigan Ross School of Business.

Melanie Toomey was promoted to Chief Financial Officer, Management Company from Corporate Controller. She is based in TA’s Boston office, and is responsible for the accounting and financial reporting for TA’s investment adviser, co-investment program and general partner entities. Prior to joining TA in 2007, Ms. Toomey was a Finance Manager at Investors Bank & Trust Company. She also was an Auditor at Ernst & Young LLP. Ms. Toomey received a BS degree in Business Administration and an MA degree in Accounting from the University of North Carolina at Chapel Hill, and is a Certified Public Accountant.

Gregory Wallace was promoted to Chief Financial Officer, Funds from Fund Controller. He is based in TA’s Boston office, and is responsible for oversight of the financial operations of the TA Funds, including the preparation of financial statements, valuation, cash management and tax compliance. Prior to joining TA in 2010, Mr. Wallace was an Audit Manager in the Asset Management practice at PricewaterhouseCoopers. He received a BS degree in Analytical Finance and an MS degree in Accounting from Wake Forest University, and is a Certified Public Accountant.

About TA Associates
TA Associates is one of the largest and most experienced global growth private equity firms. Focused on five target industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in growth companies. TA has raised $24 billion in capital since its founding in 1968 and is committing to new investments at the pace of $2 billion per year. The firm’s more than 85 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.

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DIF appoints two new Partners

DIF

Schiphol, 19 December 2018 – DIF is pleased to announce the appointment of Marko Kremer and Andrew Freeman to Partner. Their promotion from Managing Director is in response to their personal contributions to the success and growth of the firm.

Speaking on behalf of the existing Partners, Managing Partner Wim Blaasse said, “We are very pleased to welcome Marko and Andrew into the Partnership. Marko and Andrew have contributed strongly to the success of DIF and I am confident that they will continue to play leading roles in the further build out of the DIF platform.”

About Marko
Marko Kremer is Head of Australia. He leads the Sydney office and is responsible for the origination, execution and optimisation of transactions in Australia and New Zeeland. He joined DIF in 2008 as a member of the Origination Team in DIF’s Schiphol office in the Netherlands. In 2015 he moved to Australia to establish the Sydney office, which he has successfully built out to seven team members and completed the acquisition of nine assets in the region.

Prior to joining DIF, he was in the Leveraged Finance Team at ABN AMRO, responsible for originating, structuring and executing leveraged finance opportunities. Marko holds a master’s degree in Management Engineering from the University of Twente and is a CFA and CAIA charter holder.

About Andrew
Andrew Freeman is Head of Exits and Head of the UK office. He is responsible for leading, preparing and executing the exit of projects and Funds managed by DIF. This includes the landmark sale of the remaining 48 projects in DIF Infrastructure II, with a combined value of ca. €650 million, to APG in 2017. In addition, he is responsible for the management of the UK office. He joined DIF in 2011 as a member of the Origination Team, focused on the origination, execution and optimisation of transactions in the United Kingdom.

Prior to joining DIF, he was in the Infrastructure Team at PwC, responsible for advising on primary and secondary PPP transactions, with a focus on fund setups and exits, listings and valuations. Andrew holds a bachelor’s degree in Accountancy from the University of Portsmouth and is registered as a Chartered Accountant with the Institute of Chartered Accountants of Scotland.

About DIF

DIF is an independent infrastructure fund manager, with €5.6 billion of assets under management across seven closed-end infrastructure funds and several co-investment vehicles. DIF invests in greenfield and brownfield infrastructure assets located primarily in Europe, North America and Australasia through two complementary strategies:

  • DIF Infrastructure V targets equity investments in public-private partnerships (PPP/PFI/P3), concessions, regulated assets and renewable energy projects with long-term contracted or regulated income streams that generate stable and predictable cash flows.
  • DIF Core Infrastructure Fund I targets equity investments in small to mid-sized infrastructure assets in the energy, transportation and telecom sectors with mid-term contracted income streams that generate stable and predictable cash flows.

DIF has a team of over 110 professionals, based in eight offices located in Schiphol (the Netherlands), Frankfurt, London, Luxembourg, Madrid, Paris, Sydney and Toronto. Please see www.dif.eu or further information on DIF.

For further information please contact:

Allard Ruijs, Partner
Email: a.ruijs@dif.eu

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Peter Hofvenstam appointed new CEO of Nordstjernan

Nordstjernan

The Board of Directors of Nordstjernan AB has appointed Peter Hofvenstam as the new CEO. Peter Hofvenstam is currently Deputy CEO and head of the Unlisted Holdings business area, which represents approximately half of Nordstjernan’s operations. He was born in 1965, has an MSc Economics, and has held various positions at Nordstjernan since 1999. He is a board member of Rosti and Swedol, as well as the chairman of Nordstjernan Kredit. Tomas Billing will continue as CEO until the transition, which will take place at the Annual General Meeting in May 2019.

“Taking Nordstjernan forward will be an exciting challenge. I look forward to work closely with our professional team to further reinforce our model of active long-term ownership in order to develop our companies and to create good returns,” says Peter Hofvenstam.

“As the chairman of Nordstjernan, it is a pleasure to present a strong internal successor to Tomas Billing. Peter has a genuine understanding of long-term value creation. He is responsible for Nordstjernan’s Unlisted Holdings, a business area that has developed very well through both growth in profits and sound business transactions. I look forward to working with Peter in his new role,” says Viveca Ax:son Johnson.

Outgoing CEO Tomas Billing will continue to work at Nordstjernan after the transition, in a role as senior advisor. He will work on nomination committees and boards in Nordstjernan’s holdings.

“I would like to thank Tomas Billing, who has been CEO for a full 20 years. When he started, Nordstjernan’s net asset value was SEK 2.7 billion, and we had one investment – NCC. Today, our net asset value is SEK 30 billion and we have 15 active investments. Two unlisted companies – Rosti and Etac – currently comprise Nordstjernan’s largest holdings. That is quite an achievement,” says Viveca Ax:son Johnson.
Questions will be answered by:

Viveca Ax:son Johnson
Chairman of Nordstjernan AB
Telephone: +46 8 788 50 18
E-mail: vaj@nordstjernan.se

Stefan Stern
Senior advisor, responsible for communications, Nordstjernan AB
Telephone: +46 70 636 74 17
E-mail: stefan.stern@nordstjernan.se
Nordstjernan AB is a family-controlled investment company whose business concept is to be an active owner that creates long-term and positive value growth. More information about Nordstjernan can be found on www.nordstjernan.se.

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Jean-Marc Huët joins Bridgepoint Advisory Board

Bridgepoint

Bridgepoint, the international private equity group, has appointed Jean-Marc Huët to its Advisory Board with effect from 1st January 2019.

Mr Huët is a former CFO of Unilever plc/NV, Bristol-Myers Squibb and Royal Numico NV and began his career at Goldman Sachs International. He currently holds non-executive directorships at Heineken, Canada Goose and J2.

A Dutch national, Mr Huët was educated at Dartmouth College, New Hampshire and has an MBA from INSEAD.

Welcoming the appointment, Bridgepoint managing partner William Jackson, said: “Jean-Marc is a seasoned international executive with a strong track record across several industries. He will bring a global view and important insight to Bridgepoint. We look forward to working with him.”

Jean-Marc Huët said: “I am enthusiastic about the opportunity at Bridgepoint and contributing to the team’s assessment of sectors and specific companies as it continues to consolidate its middle market position in the alternative assets space.”

The Advisory Board provides external perspectives and advice to Bridgepoint’ senior leadership team and is also involved on an individual member basis on value creation at portfolio companies.

Press enquiries

For all press enquiries, contact James Murray on +44 (0) 20 7034

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KKR Appoints Sumanth Cidambi and Vijay Padmanabhan as Directors in its India Credit Business

KKR

Appointment Aimed at Meaningfully Scaling Credit Operations in India

MUMBAI, India–(BUSINESS WIRE)–Dec. 4, 2018– KKR today announced the appointment of Sumanth Cidambi and Vijay Padmanabhan as Directors for the firm’s credit business in India. Both the appointments will help KKR deepen and scale its existing India credit strategy and move into adjacencies.

KKR has been the pioneer in developing private high-yield and structured credit investing in India. The firm operates in the credit space through an NBFC and Alternative Investment Funds, suitably complemented with global capital pools. Since 2009, the firm has executed on over 140 transactions in India, valued at close to US$6 billion.

Speaking on the appointments, BV Krishnan, Member, KKR, and CEO, KKR India Financial Services, said: “Both Sumanth and Vijay join our team at a very opportune time. Sumanth brings to us the much necessary owner-operator mindset and has a track record of delivering sustainable value. He will complement our focus on building capabilities in the operational turnaround and workout areas, which are becoming a critical differentiator in credit investing in India.”

He further added, “Vijay brings on board deep credit underwriting experience. He has a unique risk-reward perspective, having worked in the UK and India. His skill sets and understanding of the domestic eco-system give him a wholesome understanding of what it takes to succeed in this space. His ability to underwrite across the capital structure will be a critical element in our plan to further scale our platform where we have been the market leader in private high-yield investing.”

With nearly two and a half decades of diversified industrial experience, Sumanth Cidambi has worked extensively with corporate boards and senior management teams in Asia, Europe and the US, to create sustainable value. Leveraging his deep experience in operations restructuring and business turnarounds, he will work closely with KKR’s credit portfolio companies in India to deliver identified and specific value. Sumanth’s addition highlights the firm’s strong view that operational involvement in companies is a dimension that is critical to delivering value to stakeholders, and risk managing outcomes.

Vijay Padmanabhan has extensive experience in credit underwriting and distress investing, in the UK and India, including in Old Lane, Fidelity Investments, SBI Funds Management, PricewaterhouseCoopers, and Edelweiss Alternative Asset Advisors.

Early this year, KKR’s India Financial Services made two Director level hires viz. Jigar Shah as the Legal and Compliance Head for the firm in India, from JP Morgan, and Niraj Karia as a senior credit originator, from Kotak Investment Bank.

KKR has been investing in India since 2006. In addition to a strong private equity practice, KKR is highly focused on credit, capital markets and real estate opportunities in India. Its credit portfolio in India includes, but is not limited to, Enzen Global Solutions, Amanta Healthcareand Walchandnagar Industries.

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE:KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About KKR India Financial Services

KKR India Financial Services (“KIFS”) is KKR’s alternative credit business in India that provides flexible financing to companies via a unique business model that comprises balance sheet — via a non-bank finance company —alternative asset management, and capital markets. As of Nov 30, 2018, KIFS has executed over 140 transactions in India worth close to US$6 billion.

Source: KKR

Media

For KKR Asia:
Cara Major
Cara.Major@KKR.com

For KKR India:
Edelman
Siddharth Panicker, +91-9820-857-522
Siddharth.Panicker@Edelman.com

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GP Bullhound appoints Floris Backer van Ommeren as Executive Director

Gp Bullhound

GP Bullhound today announced that Floris Backer has joined its advisory team as Executive Director. Based in London and Amsterdam, Floris will oversee the firm’s activities in Benelux.

Previously, Floris was Head of Tech Media & Telecom at ABN AMRO in the Netherlands. Prior to that, he worked at Deutsche Bank and Lehman Brothers in London, New York and Amsterdam.

Manish Madhvani, Managing Partner of GP Bullhound, said: “We are excited that Floris will be joining our fast-growing franchise at a time of healthy deal-activity in the technology sector. He brings a wealth of experience and a strong network, helping us increase our reach in Benelux.”

GP Bullhound has been active in the region for many years, both as an advisor and an investor, working with companies including Zoover and Greetz which was recently sold to Photobox Group.

Floris Backer said: “GP Bullhound is a leading global technology specialist, and I am excited to help grow the business further. Reflected in the rise of companies like Adyen, Takeaway.com and Elastic; we see a strong ecosystem of tech companies and investors in Benelux and we look forward to working with them closely.”

Floris has built up an extensive investment banking experience, executing and originating numerous transactions. He was involved in many deals in Europe and the US for companies including Adyen, Takeaway.com, Independer.nl, Plaxis, Telegraaf Media Group, Wolters Kluwer, SLM Solutions, Deutsche Telekom and Nielsen.

A native speaker in Dutch, and passionate about technology, competitive cycling and sailing, Floris holds a master degree in Engineering from Delft University of Technology.

Enquiries
For any enquiry, please contact floris.backer@gpbullhound.com or manish.madhvani@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound

 

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The Carlyle Group Names Tomofumi Matsuyama as Managing Director

Carlyle

As Part of its Strategy to Further Expand its Private Equity Business in Japan

Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that Tomofumi Matsuyama has joined the Carlyle Japan buyout advisory team as a Managing Director. Based in Tokyo, Mr. Matsuyama will advise on Carlyle’s investment activities in Japan, with a focus on large spin-off opportunities mainly in the technology and industrials sectors.

Mr. Matsuyama joins Carlyle after 14 years with Morgan Stanley, where he was most recently a Managing Director and Head of Technology and Industrials Banking for Japan. Mr. Matsuyama started his career at the Sumitomo Bank (currently known as Sumitomo Mitsui Banking Corporation), where he served for more than six years before joining Daiwa Securities SMBC Co. Ltd. as a seconded employee from the Sumitomo Bank. He earned a Bachelor of Arts in International Business from Sophia University.

Kazuhiro Yamada, Managing Director and Head of the Carlyle Japan buyout advisory team, said, “As part of our strategy to further expand our Japan operations, especially capturing large corporate carve-out opportunities, we are delighted to have Tomofumi join our team. Tomofumi has extensive experience in the technology and industrials sectors and has led advisory services for a number of landmark corporate carve-outs while at Morgan Stanley. He will be a great addition to our team as we build on our strong track record of carve-out investments and continue to invest in this space.”

Mr. Matsuyama said, “I am delighted to join Carlyle at an important time when the Japanese private equity market is becoming increasingly attractive, with the number of opportunities relating to corporate carve-outs on the rise. Carlyle is highly respected for its carve-out investments in Japan and globally, and is a trusted partner for Japanese companies. I look forward to leveraging my industry expertise and experience to identify new investment opportunities, support Japanese corporates, and create value for them.”

Having first established an office in Tokyo in 2000, Carlyle has a long track record of investing in the Japanese market and creating long-term value for Japanese companies, including several carve-outs from large Japanese conglomerates. Carlyle has established dedicated Japan buyout funds denominated in Japanese yen for investing in mid-cap as well as large-cap deals. As of September 30, 2018, Carlyle had invested more than JPY 250 billion (more than USD 2 billion) of equity in more than 20 transactions in Japan.

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About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $212 billion of assets under management across 339 investment vehicles as of September 30, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,625 people in 31 offices across six continents.

Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

Media Contacts:

Tammy Li
+852 2878 5236
Tammy.li@carlyle.com

Brian Zhou
+86 10 57067070
Brian.zhou@carlyle.com

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Ratos AB: Lars Nykvist appointed new CEO of Kvdbil

Ratos

PRESS RELEASE, 20 November 2018

Lars Nykvist has been appointed as the new CEO of Kvdbil, Sweden’s largest independent online marketplace offering broker services for second-hand vehicles. Lars most recently served as CEO of Outnorth AB and will assume the position of CEO of Kvdbil today, 20 November. Torbjörn Wik is leaving after three years as CEO of the company.

 

Lars Nykvist has extensive experience of heading up both B2B (business-to-business) and B2C (business-to-consumer) operations. He most recently served as CEO of Outnorth AB, the largest e-commerce site and retailer of equipment for outdoor activities in the Nordic region. Lars served as CEO there until the beginning of 2018, having taken the company from sales of about SEK 30m to approximately SEK 430m with slightly more than 80 employees and a market-leading position in its niche.

“Under Torbjörn’s management over the past three years, Kvdbil has implemented major changes, including a thorough update of its IT platform to enable growth in the area of private cars, where Kvdbil has now changed to a more distinct consumer brand. The strategy moving forward is focused on increasing consumer business, strengthening the position in company cars and developing Kvdbil’s service offering, areas in which Lars has considerable experience. We foresee continued growth potential in Kvdbil’s business model and the potential to strengthen the company’s market position. I also look forward to following Lars’s and the management team’s continued work in this area”, says Johan Rydmark, Director at Ratos and responsible of Kvdbil.

Kvdbil was acquired in 2010 and is now Sweden’s largest independent online marketplace offering broker services for second-hand vehicles. The number of employees amounts to approximately 170 individuals and sales for the rolling 12 months at 30 September 2018 totalled SEK 336m.

For further information, please contact:

Johan Rydmark, Director and responsible of Kvdbil, +46 8 700 17 00

Helene Gustafsson, Head of IR and Press, Ratos, +46 70 868 40 50

Financial calendar from Ratos:

Year-end report 2018                                                15 February 2019

Annual General Meeting                                            8 May 2019

Ratos is an investment company that owns and develops unlisted medium-sized Nordic companies. Our goal as an active owner is to contribute to the long-term and sustainable business development in the companies we invest in and to make value-generating transactions. Ratos’s portfolio consists of 12 medium-sized Nordic companies and the largest segments in terms of sales are Construction, Industrials and Consumer goods/retail. Ratos is listed on Nasdaq Stockholm and has a total of approximately 12,300 employees.

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Sequana Medical announces the appointments of industry experts Pierre Chauvineau as Chairman and Wim Ottevaere as Non-Executive Director

Ghent, Belgium: 8 November 2018 – Sequana Medical nv, a commercial stage medical device company focused on the development of innovative treatment solutions for the management of liver disease, heart failure, malignant ascites and other fluid imbalance disorders, announces today the appointments of Pierre Chauvineau as Chairman and Wim Ottevaere as non-executive director of the Company effective as of the closing of the intended Initial Public Offering announced today. Pierre will succeed Rudy Dekeyser as Chairman, who will remain a non-executive director.

More info on Sequana’s website.

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