Category Archives: People

3i announces four new hires in its Private Equity team

3I

3i announces four new hires in its Private Equity team, reinforcing its strength in northern Europe and North America.

Reinier de Jong has joined as an Associate Director in the Amsterdam office. Before joining 3i, Reinier was a strategy consultant at Bain & Company and prior to this worked at Morgan Stanley.

Justin Pabst has joined as an Associate in the Amsterdam office. Before joining 3i, Justin was a Commercial Project Manager at Coolblue, and prior to this worked at McKinsey & Company.

Jelle Klein Teeselink has joined as an Analyst in Amsterdam. He holds a Masters in Financial Engineering & Management from the University of Twente.

Brendon Anderson has joined as an Associate in the New York office. Before joining 3i, Brendon was a member of the Global Industrials Group at Citigroup.

3i’s Private Equity business announced another strong quarter to 31 December 2017, with cash realisations of £389 million in the nine months since 31 March 2017. It announced the c. €307 million divestment of ATESTEO in December 2017, generating a euro money multiple of 4.4x and completed add-on investments in Cirtec Medical (Vascotube) and Ponroy Santé (Aragan). In February, 3i announced its proposed investment in Royal Sanders, a leading European private label and contract manufacturing producer of personal care products.

Alan Giddins and Menno Antal, Managing Partners and co-heads of Private Equity, commented:

“We would like to offer a warm welcome to our new colleagues in Amsterdam and New York. We look forward to working with them and the team will benefit from their skills and experience in seeking attractive mid-market investment opportunities in Europe and North America.”

-Ends-

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ANTHONY PRALLE JOINS ACTIVA CAPITAL’S INDUSTRIAL COMMITTEE

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Activa Capital

Activa Capital is pleased to announce that Anthony Pralle, Senior Partner Emeritus of The Boston Consulting Group, has joined its Industrial Committee Anthony recently retired from The Boston Consulting Group after thirty-six years with the firm. His client base was focused in Consumer and Retail, where he advised multinational, regional and national players in packaged goods, food and non-food retailing, travel and leisure. He has worked extensively for private equity funds on buy and sell-side due diligence as well as with their portfolio companies.

Anthony joined BCG in London and moved to Spain in the late 1980s as part of the team opening the Madrid office. He was Managing Partner of BCG’s Iberian Peninsular business from 1997-2005 and headed the firm’s Marketing, Sales and Pricing practice in Europe from 2007-2016. He speaks fluent English, Spanish and French.

Activa Capital’s Industrial Committee, chaired by Xavier Govare, previously CEO of Labeyrie Fine Foods, consists of 15 senior industrialists, including Philippe du Mesnil, former CEO of CEVA Santé Animale. Charles Diehl, Partner at Activa Capital, said “we are delighted that Anthony will be contributing to our business through his long experience in strategic support for the FMCG and retail sectors in Europe.

Many of our portfolio companies are undertaking major transformations as they internationalise and evolve their digital models. Anthony’s experience will be very valuable in helping these businesses define their ambitious international growth strategies and client journeys. In particular, Anthony will be working with the management team at our portfolio company Look, the iconic bicycle and bike accessories business”.

Xavier Govare, Chairman of the Activa Capital Industrial Committee, added “Anthony’s impressive international track record will be a great addition to our Board and very interesting to many of the companies in the portfolio”. Anthony Pralle added “this a logical step for me after a long career in strategic consultancy including many private equity assignments.

There is real movement in the French economy and Activa Capital’s portfolio contains some exciting and fast-growing global businesses where my experience can be very relevant. I have known the Activa Capital partners for many years and look forward to contributing to adding value to the portfolio”.

About Activa Capital

Activa Capital is a leading French mid-market private equity firm. Activa Capital manages over €500m of private equity funds on behalf of a wide range of institutional investors. Activa Capital partners with ambitious mid-sized French companies, valued at €20m to €200m, seeking to accelerate their growth and their international footprint. Learn more about Activa Capital at activacapital.com or on Twitter@activacapital

Activa Capital Press Contact

Steele & Holt Press Contacts

Christelle Piatto

Daphné Claude

Communications Manager

+33 1 43 12 50 12

+33 6 66 58 81 92

christelle.piatto@activacapital.com

daphne@steeleandholt.com

Claire Guermond

+33 6 31 92 22 82

claire@steeleandholt.com

 

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ACTIVA CAPITAL strengtens its commitment to ESG

Activa Capital

ACTIVA CAPITAL strengtens its commitment to ESG with the promotion of Emma France as ESG and Digital Transformation Associate.

Paris, February 2nd 2018–Activa Capital, a committed player in esponsible investing,announces the promotion of Emma France as Associate for ESG and Digital Transformation. Emma’s mission, under the responsibility of Christophe Parier, Partner, will be to strengthen the ESG process within Activa Capital as well as in all its portfolio companies. This appointment underscores Activa Capital’s commitment to economic and social governance.

Emma joined Activa Capital in 2017 as an ESG Analyst in charge of creating ESG roadmaps for Activa Capital’s portfolio companies. Her role was to guide the portfolio and Activa Capital in all areas related to ESG: best practice audits, launching and steering of specific projects and the evaluation of their results.

The aim of Activa Capital’s ESG  strategy is also to have an impact on the firm’s investment practices prior to and after investment, as well as to use ESG values for bolstering relations between private equity and management teams. A recent one – day MySezame training session on social innovation for Activa Capital and its management teams highlights Activa Capital’s vision of innovative and sustainable business models.

Emma worked as a freelance consultant in social innovation during her studies at HEC Paris, where she graduated in 2016 with a degree in Digital Business. Following an internship at Enedis, the French electricity distribution operator, on Smart Grids and Energy Transition, she co-founded a start-up in early-2015 called Unicorner.

We are delighted to promote Emma as Associate in charge of ESG and Digital Transformation and to have a specialized and experienced person dedicated to ESG. Her strong knowledge regarding digital issues and ESG will allow us to strengthen our capacity to address these various challenges, which have been a top priority within our company for several years. Her promotion comes at a time when we are accelerating our strategy of responsible investing and is proof of our commitment to integrating ESG criteria in to our strategy.» says Christophe Parier.

About Activa Capital

Activa Capital is a leading French mid-market private equity firm. Activa Capital manages over €500m of private equity funds on behalf of a wide range of institutional investors. Activa Capital partners with ambitious mid-sized French companies, valued at €20m to €200m, seeking to accelerate their growth and their international footprint. Learn more about Activa Capital at activacapital.com or on Twitter@activacapital

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ICG hires Imene Boumalala to head up marketing to France, Italy, Spain, Geneva and Monaco

Paris, London, Geneva–Intermediate Capital Group

(ICG), the specialist asset manager, announces it has appointed Imene Boumalala to head up marketing to France, Italy, Spain, Geneva, Monaco and selected strategies to Israel, effective immediately.

Her responsibilities will include marketing ICG’s investment strategies directly to institutional investors as well as managing Existing investor relationships. Ms. Boumalala reports to Michael Biereth, Managing Director, Marketing and Client Relations. She will also interact extensively with ICG’s global distribution team.

Ms. Boumalala brings to ICG a wealth of experience in a variety of complex alternative investments. She joins ICG from Neuberger Berman, where she worked for 11 years, and was part of the institutional sales team for seven years. Whilst at Neuberger Berman, she pioneered sales activities In Israel, as well as covering institutional sales for France. Prior to Neuberger Berman Ms. Boumalala worked for Morgan Stanley within the Listed Derivatives Division, where she Gained strong expertise in relationship management while covering institutional clients, Hedge Funds, and High Net Worth Individuals across Europe.

Ms. Imene Boumalala holds a degree in Economics from the University of Paris,Sorbonne.

Michael Biereth said:

“We are delighted to welcome Imene to our global sales team, where her expertise in reaching new clients and developing new markets will be a tremendous asset to our team. ICG’s ability to continuously diversify our investor base has underpinned our success in developing new strategies and scaling our most successful strategies.

 

For further details please contact:

Helen Gustard, ICG +44 203 201 7760

Finlay Donaldson, Maitland PR +44 207 379 5151

 

About ICG

ICG is a specialist asset manager with over 28 years’ history.

The company manages €27.2bn* of assets in third party funds and proprietary capital, principally in closed – end funds. Its goal is to generate income and consistently high returns whilst protecting against investment downside. Investing across the capital structure, ICG combines flexible capital solutions, local access and insight with an entrepreneurial approach. ICG operates across four asset classes – corporate, capital market, real asset and secondary investments. In addition to growing existing strategies, the company is committed to innovation and pioneering new strategies across these asset classes where the market opportunity exists to deliver value to fund investors and increase shareholder value.

ICG is listed on the London Stock Exchange (ticker symbol: ICP). Further details are available at: www.icgam.com

*as at 30 September2017

 

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Global Fashion Group appoints new leadership and Board director

Kinnevik

Kinnevik AB (publ) (“Kinnevik”) today announced that Global Fashion Group (“GFG”), the leading online fashion destination for growth markets, has appointed Christoph Barchewitz and Patrick Schmidt as Co-Chief Executive Officers effective 1 February 2018. In addition, Kinnevik’s CEO Georgi Ganev will join GFG’s Board of Directors.

Under the new leadership, GFG will continue to expand its position as the leading online fashion and sports destination in its markets, strengthen partnerships with international and local brands, and further improve the customer experience.

Christoph Barchewitz, Co-CEO-elect of GFG, commented:

“I am very excited to take on this new role and look forward to continue developing GFG, Kinnevik’s largest private asset, in this new capacity. With Patrick’s operational knowledge, and my experience from the Board of GFG and in e-commerce investing, I believe we have highly complementary skill sets to pursue the significant fashion e-commerce opportunity in GFG’s markets.”

Georgi Ganev, CEO of Kinnevik, commented:

“I am delighted to join the Board of GFG in this next chapter for the company, and would like to congratulate both Christoph and Patrick on their new roles. Christoph’s appointment is a testament to Kinnevik’s commitment to active ownership, as well as our aim to offer our employees continuous career development opportunities.”

Christoph Barchewitz joins GFG from Kinnevik where he has been an Investment Director since 2014, focusing on the development of the e-commerce investments, including Zalando, GFG, and several other companies. Christoph has served as a Board Director of GFG since 2015. Prior to joining Kinnevik, he spent seven years at Goldman Sachs.

Patrick Schmidt joins from The Iconic, GFG’s Australian business, where he has served as CEO since 2013. Prior to joining The Iconic, Patrick founded Groupon Australia and later oversaw Groupon’s Latin American business. He started his career as a strategy consultant at Boston Consulting Group.

Georgi Ganev, Kinnevik’s CEO since 1 January 2018, will join GFG’s Board of Directors in February.

GFG’s press release published today can be found on their website:
www.global-fashion-group.com.

 

For further information, visit www.kinnevik.com or contact:

Torun Litzén, Director Investor Relations
Phone +46 (0)70 762 00 50
Email press@kinnevik.com

Kinnevik is an industry focused investment company with an entrepreneurial spirit. Our purpose is to build the digital consumer businesses that provide more and better choice. We do this by working in partnership with talented founders and management teams to create, invest in and lead fast growing businesses in developed and emerging markets. We believe in delivering both shareholder and social value by building well governed companies that contribute positively to society. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinnevik’s shares are listed on Nasdaq Stockholm’s list for large cap companies under the ticker codes KINV A and KINV B.

Categories: People

Gilde-buy-out-partners appoints head of investor relations and co investments

Gilde Buy Out

Utrecht / Brussels / Zurich – Gilde Buy Out Partners (Gilde) is pleased to announce that Maikel Wieland has joined Gilde as Head of Investor Relations and Co-investments. “Maikel has significant experience in investor relations,” said Ralph Wyss, Chairman of Gilde Buy Out Partners. “The relationship with our limited partners and the investment community as a whole are as important to Gilde as ever. Professional responsiveness and sustainable long-term relationship are key to our future success. Maikel will be a tremendous resource to our LP base, and we are thrilled to have him on board.” Previously, Maikel worked for OTPP’s direct and co-investment team in London and in Investment Banking for Merrill Lynch and Credit Suisse.

About Gilde Buy Out Partners

With offices in the Benelux and DACH region, Gilde Buy Out Partners is a leading European private equity investor in mid-market transactions. Founded in 1982, Gilde has been supporting management teams in over 100 buy out transactions. Today Gilde manages funds in excess of €3 billion and has a controlling interest in companies such as Royal Ten Cate, ZND, Reesink, Amor, T-group, Albelli, Riri, Comcave, Oystershell and Losberger De Boer Group. For more information: Gilde Buy Out Partners Maikel Wieland T: +41 43 268 20 78 E: wieland@gilde.com www.gilde.com Read more at: http://gilde.com/news/2018/gilde-buy-out-partners-appoints-head-of-investor-relations-and-co-investments

Categories: People

Jyri Järvinen new CEO of LEDiL

Ratos

Jyri Järvinen has been appointed as the new CEO of LEDiL, a leading growth company in the global market for secondary optics for LED lighting, as Rami Huovinen hands over the leadership after seven years as CEO. With experience of successfully developing organisations undergoing change, Jyri Järvinen will now lead LEDiL on its continued expansion. He will assume his new position in February 2018.

Jyri Järvinen has more than 20 years of operational and international experience within the ABB Group. Most recently as Group Vice President Industrial Drives and Wind converters. Jyri will take over as CEO of LEDiL on 1 February 2018.

“Under the leadership of Rami Huovinen, LEDiL has implemented a number of growth and innovation strategies in recent years that have contributed to the company’s leading market position. As the company now enters the next stage of its expansion and its organisational and product development, we consider Jyri – with his leadership and operational experience – to be a highly suitable person to lead the company. LEDiL is well positioned to achieve organic growth in several application areas and markets, and Jyri’s experience of global sales development and customer focus will be highly valuable in these efforts,” says Robin Molvin, Senior Investment Director.

LEDiL is a leading Finnish company in the global market for secondary optics for LED lighting. LEDiL products are sold through its own sales force and through agents and distributors in Europe, North America, South America and Asia. Ratos acquired 66% of LEDiL in 2014 and the company has demonstrated continuous growth and a strong operational performance in recent years. Sales for the first nine months of 2017 amounted to EUR 31.1m and the EBITA margin to 30.5%.

For further information, please contact:
Robin Molvin, Senior Investment Director, +46 70 695 50 49
Helene Gustafsson, Head of IR and Press, +46 8 700 17 98

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Mika Sutinen appointed as industrial partner in VAAKA Partners

Mika Sutinen has been appointed as Industrial Partner in the private equity company Vaaka Partners as of November 27, 2017. Vaaka Partners has an extensive industrial advisor network covering various industries and geographies to support the current and prospective companies through experience, knowledge and networks. With Mika’s nomination, his long experience especially in consumer business is now available to Vaaka’s companies.

“It’s great to have Mika’s experience available for our companies. In seven years, he built Musti&Mirri as the largest chain of pet supply stores in Scandinavia. When we acquired Musti&Mirri, the net sales were approximately 24 million euros. When Mika left the company, the net sales had grown to approximately 170 million. This is exactly what we do as a growth-focused private equity firm; we build a strong growth strategy in co-operation with company’s management as well as bring additional resources and expertize into the company. The average net sales growth in our companies over the last 12 months has been +23%, which is a strong proof of successful execution of growth strategies”, comments Juha Peltola, CEO of Vaaka Partners.

“Good ownership is a matter of professionalism. It is a great pleasure to work with a highly skilled and growth focused owner, boards and as well as the competent management teams. As private equity, we provide companies with resources that often open up strong growth opportunities. Together we accomplish more”, states Mika Sutinen, Industrial Partner, Vaaka Partners.

Contacts:
Juha Peltola, CEO, Vaaka Partners Oy, Tel. +358 50 514 84 01
Mika Sutinen, Industrial Partner, Vaaka Partners Oy, Tel. +358 400 600 999

Vaaka Partners Oy, Kasarmikatu 36, 00130 Helsinki, Finland

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Ratos: Jonas Wiström new CEO of Ratos, Per-Olof Söderberg new Chairman of the Board

Ratos

Press release 13 December 2017

This information is information that Ratos AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 7:45 a.m. CET on 13 December 2017.

Ratos’s Board of Directors has appointed current Chairman of the Board, Jonas Wiström, as the company’s new CEO as of 13 December 2017. In conjunction with this change, Magnus Agervald will step down from Ratos effective immediately. The Board of Directors has appointed Per-Olof Söderberg as the company’s new Chairman of the Board, and Jan Söderberg to the new position of Deputy Chairman. The Board’s assessment is that these changes are necessary to enable the company to create value.

“The Board is not satisfied with Ratos’s performance. To succeed in implementing the new strategic direction established during the year, we believe a different leadership is needed. We believe Jonas Wiström’s experience and leadership is more relevant for the updated strategic agenda. During its more than 150 years as a company, Ratos has continuously changed and reinvented itself, and this type of change is more necessary today than ever before,” says Per-Olof Söderberg, the company’s new Chairman of the Board.

“I look forward to taking on an operational role at Ratos. The Board of Directors and I believe in the new strategic direction. Now my goal is to work with Ratos’s organisation to figure out how to best implement it. The management teams and boards of the portfolio companies possess critical expertise that I also want to leverage to ensure better value creation for Ratos as a whole. My task is clear: to increase shareholder value,” says new CEO Jonas Wiström.

Chairman of the Board Per-Olof Söderberg, concludes:

“The Board also wants to extend its sincere thanks to Magnus Agervald, who left an important mark during his time at Ratos. He has cut the company’s operational administration costs, discontinued underperforming companies and completed an important platform acquisition.”

According to his employment contract, Magnus Agervald is entitled to a notice period of 12 months, which will be offset against any income earned from new assignments. A maximum total cost will be recognised in Ratos’s next interim report.

For further information, please contact:

Per-Olof Söderberg, Chairman of the Board of Ratos, +46 8 700 17 98
Helene Gustafsson, Head of IR and Press, +46 8 700 17 98

Financial calendar from Ratos:
Year-end report 2017                                              16 February 2018
Interim report January-March 2018                         3 May 2018
Interim report January-June 2018                           17 August 2018
Interim report January-September 2018                  25 October 2018

Ratos owns and develops unlisted medium-sized companies in the Nordic countries. Our goal as an active owner is to contribute to long-term and sustainable business development in the companies we invest in and to make value-generating transactions. Ratos’s portfolio consists of 14 medium-sized Nordic companies and the largest segments in terms of sales are Industrials, Consumer goods/Commerce and Construction. Ratos is listed on Nasdaq Stockholm and has a total of approximately 13,400 employees.

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Henrik Blomquist leaves the board of directors of Lauritz.com Group A/S

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Bure

Henrik Blomquist has decided to resign from the board of directors of Lauritz.com Group A/S, effective immediately.

“I and two other board members have different views on how the company should be governed and managed, which caused us to make a decision today to leave the board effective immediately,” says Henrik Blomquist, CEO of Bure Equity AB.
Bure Equity AB (publ)
For more information contact:

Henrik Blomquist, CEO
Tel. +46 (0)8-614 00 20

Categories: People