Folmer Equity Fund I Ky, a fund managed by Folmer Management Oy, sells its portfolio
company Oy Galvatek Ab, a leading automated surface treatment plant provider, to Cockerill Maintenance & Ingénierie Oy Galvatek Ab engineers and delivers automated surface treatment plants to demanding industries and environments. The company has reliably delivered fully automated chemical cleaning plants to the aviation industry for three decades. Galvatek’s client base includes notable and global aviation industry companies.

Galvatek has its headquarters in Lahti, Finland. In addition, it has a subsidiary in Poland. Galvatek employs approximately 25 people, and its revenue was approximately EUR 8 million at the end of the financial year that ended in 2018. A large proportion of the company’s revenue comes from abroad.

Cockerill Maintenance & Ingénierie (CMI) is a Belgian conglomerate, which operates globally in several industries,
such as energy, defense and steelmaking industry. CMI employs globally over 5,500 people, and its revenue was
EUR 930 million in 2017. CMI is headquartered in Seraing, Belgium.
Folmer Equity Fund I Ky acquired Galvatek in October 2011. During the investment period, Galvatek has become a
leading automated surface treatment plant provider with references spread around the world. Its revenue has grown
steadily and profitability has improved during Folmer’s investment period.

Additional information:
CEO, partner Sami Tuominen, Folmer Management Oy, tel. +358 40 708 4905, sami.tuominen@folmer.fi
Investment director, partner Johanna Marin, Folmer Management Oy, tel. +358 40 533 9115,
johanna.k.marin@folmer.fi

Turnkey service provider of intelligent industrial LED solutions to strengthen its market
position with support from hands-on investor

Munich, 11 February 2019 – SchahlLED is a leading turnkey service provider of Intelligent LED solutions
for primarily industrial applications in the DACH region. As the pioneer in intelligent radio-controlled
lighting systems for industrial applications in DACH, SchahlLED has accumulated 7 years and several
hundred projects of expertise. The cutting edge intelligent LED solutions save up to 95% of energy costs
versus traditional lighting as well as significant energy savings versus regular LED and are used in
production facilities, warehouses, parking garages and cold storages. The typical RoI of an intelligent
SchahlLED Lighting project is between 12 and 36 months.
Parties have come to an agreement whereby Active Capital Company acquires a majority stake in
SchahlLED, while management further re-invests in the company. Huebner Schloesser & Cie acted as M&A
advisor to the sellers.

Strategy going forward
Over the coming years, parties expect to accelerate growth through a combination of broadening the
intelligent LED product portfolio, geographical expansion and targeted add-on acquisitions. SchahlLED is
market leader in its core DACH market and is optimally positioned to support industrial customers in
reducing their carbon footprint by providing the latest energy-efficient intelligent LED solutions. By
continuing to invest in our products and partners we aim to become the leading Pan-European turnkey
Intelligent LED service provider and become a leader in LED enabled “Industrial Internet of Things”
applications. In addition to pursuing various autonomous growth avenues there are several opportunities
for add-on acquisitions in both Germany and western Europe. Together with ACC it is our goal to bring the
benefits of our leading intelligent LED solutions to a wider European industrial client base.

Management & shareholders
Managing Directors Bernd von Doering and Erich Obermeier of SchahlLED comment: “We look forward to
partnering with Active Capital Company and together launch SchahlLED into the next growth phase.
Active Capital Company’s active involvement in its portfolio companies matches with our goal to roll-out
our strategic plan at an accelerated pace”. Mels Huige, Partner at Active Capital Company, comments: “We
are impressed with SchahlLED’s leading market position and technical expertise at the company.
SchahlLED has proven their ability to spot trends, move into new product groups and expand
geographically into new territories. We look forward to assisting the company in realizing its ambitious
goals and delivering on the growth potential of the company”.

About SchahlLED
SchahlLED is a leading turnkey service provider of Intelligent LED solutions for primarily industrial
applications. The predecessor of the company was formed in 1999, while the company was established
through a spin-off in 2006 and was acquired by management in a management buy-in in 2012. SchahlLED
is headquartered in Munich, Germany and is active throughout the DACH-region as well as in Poland. The
company is a turnkey service provider that conceptualizes and executes projects, delivering intelligent
LED lighting systems, overseeing installation and assisting in software integration and data analysis. The
company yearly serves over hundred new projects through its network of sales and service partners
located in northern Germany, central Germany, Austria, Switzerland and Poland. For further information
about SchahlLED please visit www.schahlled.de.

About Active Capital Company
Active Capital Company (“ACC”) is an independent hands-on private equity fund focused on small- and
medium sized enterprises in the Netherlands and Germany. ACC invests in companies active in the sectors
Industry, Technical Wholesale and Business Services with revenues between € 10m and € 100m. Through
a highly entrepreneurial and active approach, ACC maximizes the long-term value of its investments by
supporting management in the execution of value enhancing projects and providing access to its extensive
partner network. ACC currently invest from its third fund that has € 45m in committed capital, principally
raised from institutional investors and entrepreneurs and is in the process of raising its fourth fund. ACC
will continue to support small- and medium sized companies in realizing their full potential, both in the
Netherlands as well as Germany going forward. For further information about Active Capital Company
please visit www.activecapitalcompany.com

Fraureuth/Düsseldorf/Amsterdam, 5 February 2019
Article in German (PDF)

Avedon Capital Partners (“Avedon”) teams up with founders to acquire Spindel- und Lagerungstechnik Fraureuth GmbH (“SLF” or “Company”), a niche manufacturer of specialized spindles and ball bearings located in Fraureuth, Germany. The transaction successfully closed on January 18th, 2019. The parties agreed not to disclose the purchase price or further details of the transaction.

As part of a succession solution, Avedon enters as a new shareholder whilst the four founders of SLF, Frank Schlegel, Siegfried Huster, Gerd Kahl and Heinz Peinl, retain a minority stake in the Company. In the course of this succession solution, the three founders, who are still active as managers, will gradually reduce their operational responsibilities over time. The founders and Avedon will support SLF’s growth plan by leveraging the combined expertise of the founders and Avedon’s experience as a successful growth capital investor in the precision ball bearings market.

As a hidden champion in the spindles and ball bearings technology segment, SLF delivers customized solutions for demanding customers active in industries such as mechanical engineering, food & beverage, motor manufacturing or pump manufacturing. SLF is headquartered in Fraureuth, a production site with a long history of specialized spindles and ball bearings manufacturing dating back more than 60 years. SLF was founded in 1993 following the bankruptcy of its predecessor company DKFL GmbH and is today regarded as a leading German manufacturer of specialized spindles and ball bearings. The success story of SLF is remarkable as the four founders grew the company from 29 employees in 1993 to a well- positioned, leading manufacturer of specialized spindles and ball bearings with an employee base consisting of 347 employees today and generating revenues of c.49m€ (2018).

Avedon together with the founders will support SLF in a collaborative approach towards new strategic goals, to further invest in its operations as well as to pursue new market opportunities. The ambition of both, the founders and Avedon, is to further strengthen SLF’s competitive positioning by focusing on attractive end-markets, growing its OEM customer base and fostering international growth.

Dr. Frank Schlegel, founder and managing director of SLF, comments on the transaction: “When we started the succession process together with Oaklins Angermann and KMS Zwickau in Spring 2018, it was important to us from the very beginning to find a new majority shareholder who knows our industry well and who can ensure a long-term future for our employees at the production site. We as founding shareholders are exceptionally proud of what we have been able to achieve together with our employees in the past 25 years. With Avedon we have found the ideal partner who will ensure a smooth transition and elevate SLF to the next level through a focused internationalization strategy. We are looking forward to working with Avedon.”

Alexis Weege, Investment Director at Avedon, adds: “SLF enjoys a remarkable success story as German hidden champion and we are looking forward to accompanying SLF’s growth path together with the founders. We will leverage our experience with industrial niche companies in general and especially in the precision ball bearings segment to help fostering international growth and further specialization of SLF over the coming years.”

About Spindel- und Lagerungstechnik Fraureuth GmbH
Spindel- und Lagerungstechnik Fraureuth GmbH (“SLF GmbH) is a spindles and ball bearings manufacturing company which was founded in 1993 following the bankruptcy of its predecessor company. The company is headquartered in Fraureuth (former East Germany) and today employs 347 employees. SLF offers spindles and ball bearings units in the diameter size range of 40m to 1600mm with a clear focus on high-end specifications for demanding applications. The company owns a production facility in Fraureuth, Germany and was able to grow continuously over time. In 2018, SLF generated revenues of c.49m€. Go to: www.slf-fraureuth.de for more information.

About Avedon Capital Partners
Avedon is a leading lower mid-market private equity firm in the Benelux and Germany, providing capital in partnership with strong founder/owners or management teams that have distinctive and ambitious growth plans requiring a step change. The Avedon team is located in Amsterdam (NL) and Düsseldorf (GER) with managed assets of more than €500 million. Through dedicated sector teams, Avedon seeks opportunities in niches within four sectors: i) Software & Technology, ii) Business services, iii) Industry & Engineering, and iv) Consumer products & Leisure. Throughout the cycles the team has supported 24 growth companies in the fields of strategy, sales growth, human capital, operational improvement and has achieved a strong track record of growth.

For further inquiries, please contact:
Hannes Hinteregger, Partner,
hannes.hinteregger@avedoncapital.com, +49 211 5988 901

Alexis Weege, Investment Director,
alexis.weege@avedoncapital.com, + 49 211 5988 906

Jan-Moritz Hohn, Associate,
jan-moritz.hohn@avedoncapital.com, + 49 211 5988 9084

2019-02-01 07:33 GMT+01

IK Investment Partners (”IK”), a leading Pan-European private equity firm, is pleased to announce the signing of a sale and purchase agreement with the Groupe NetCo (”NetCo”), a specialist of preventive and curative maintenance of belt and roller conveyors. NetCo will be the fifth acquisition in IK’s Small Cap II Fund, which targets growing businesses within the Benelux, DACH, France, and the Nordics.  Financial terms of the transaction are not disclosed.

Founded in 1902 in France, NetCo has grown to become a European specialist in conveyor systems across key industries including quarries, food and heavy goods.

Through its three business units; NetCo Services, NetCo Distribution, NetCo Systems, NetCo holds a leading position on the maintenance of conveyor markets for both services and distribution, and has become a strategic partner for customers by supporting critical parts of their industrial processes. NetCo is headquartered in Bordeaux and operates 55 agencies with 500 employees across France. The business has a further presence across Belgium  and Luxembourg, and a foothold in North Africa (Morocco), the Middle East (Bahrain) and South East Asia (Indonesia).

To meet ever-growing European demand of outsourced maintenance services and initiate their international expansion, NetCo managers (Samuel and James Perriez) partnered with WINCH Capital 3, a fund managed by Andera Partners, through a primary growth capital transaction at the end of 2016. NetCo adopted a strong acquisitive strategy, most recently acquiring ABM TECNA, a Belgium conveyor system specialist in 2017. The company has completed 32 transactions since 2000, 14 of which in the past three years. This partnership enabled the group to double its size within two years.

Pierre Gallix, Partner at IK, said:

“We are delighted to partner with NetCo, business with a diverse and competitive product offering and a phenomenal legacy which spans more than a century. We are especially impressed with the company’s track record of integrating bolt-on businesses and the breadth of its longstanding management team. We look forward to working with them to help NetCo become the number one player in the European conveyor belt service market.”

Arnaud Bosc, Partner at IK, added:

“NetCo’s multi-brand offering and high-quality solutions have contributed to the company’s outstanding reputation across multiple industries. We are delighted to work with NetCo and look forward to supporting the business as it continues to expand its global presence.”

Samuel Perriez, President of NetCo commented:

“Thanks to the support of Andera Partners, the company has been able to achieve remarkable growth in France and in Belgium over the last three years. IK’s support of NetCo paves the way for new international ambitions”

James Perriez, CEO of NetCo added:

“We are excited to be partnering with IK as we enter the next stage of our growth strategy. IK’s track record of investing in industrials paired with their strong European roots make them the perfect partner to help our business expand its presence while staying true to our local roots.”

François-Xavier Mauron and Antoine Le Bourgeois, Partners at Andera Partners, concluded:

“The change of scale of NetCo from a leading French player to a pan-European champion over only two years illustrates perfectly the DNA of the WINCH Capital team as a hands-on investor and partner to management. We are excited to welcome IK and further accompany Samuel and James Perriez for the next cycle of growth of NetCo.”

The closing of the transaction is conditioned to the approval by the French Antitrust authorities.

For further questions, please contact:

IK Investment Partners
Pierre Gallix, Partner
Phone: +33 1 44 43 06 60

Arnaud Bosc, Partner
Phone: +33 1 44 43 06 60

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

Andera Partners

Nicolas Delsert
Director Communication
Phone: +33 1 85 73 52 88

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €9.5 billion of capital and invested in over 120 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com

About Andera Partners
Created in 2001 as part of the Edmond de Rothschild Group and wholly owned by its employees since March 2018, Andera Partners is a leading investor in private companies in France and internationally. It manages €2.3 billion in investments in life sciences (BioDiscovery), growth capital and buyout capital (Winch Capital in mid-cap and Cabestan Capital in small-cap) and sponsorless mezzanine debt (ActoMezz). www.anderapartners.com

Lyon, Tuesday, January 15, 2019 – EVOLEM acquires a majority stake in the steel and textile temporary structures specialist called LAURALU.

Located in Saverdun (Ariège) and created in 1998, LAURALU supplies high quality space solutions to logistics operators and industries (SMEs, retailers and institutional and public authorities). Olivier Hohn, Spaciotempo’s (GL Event business unit) former director, took over the company in 2014 with a view to initiate a radical change of the business model from sale to rental, but also to grow internationally through the opening of subsidiaries in United Kingdom and Spain.

LAURALU has established itself as a major player in the manufacturing and leasing of metal and textile structures with a turnover of more than 12 M€ in 2018. The rental offer appears today as an obvious solution for companies’ modular and flexible needs.
With this deal Olivier Hohn wanted to back-up the company with a financial shareholder able to provide long-term support to drive future growth of the company and on which he could rely in order to realise buy and build operations, both in France and abroad.
« The entrepreneurial nature of the Family Office Evolem, the personality of the management team and its clearly expressed desire for external growth have totally convinced me of this choice despite strong interest of other French and international funds.
This operation should help the team build a major European player. »,
explain Olivier Hohn.
« Since the acquisition of LAURALU by Olivier Hohn in 2014, the Company has seen its turnover more than triple with a radical change of its business model offering better visibility on its activity. Olivier Hohn’s experience in this market, his international profile as well as various expansion opportunities have convinced us.»,
testifies Sandrine Escaleira.

Intervenants de l’opération
Buyers : EVOLEM (François NOIR, Sandrine ESCALEIRA, Victor d’HEROUVILLE), SOFILARO (Christophe ROMEYER), Pierre ASSEO, MANAGERS, AUTRES
Legal advisors (buy-side) : ALCYA CONSEIL (Laurent SIMON, Sabine PRADES, Marion MENU)
Legal, social and fiscal due diligence : ALCYA CONSEIL (Laurent SIMON, Sabine PRADES, Marion MENU), CUATRE CASAS (Helene BAUS), STEVENS BOLTON (Nick ATKINS)
Financial Due Diligence : EIGHT ADVISORY (Xavier MESGUICH, Bilel DJEMMALI)
Senior debt : CREDIT AGRICOLE SUD MEDITERRANEE (Sebastien EPALZA, Didier HOCHET), CREDIT AGRICOLE TOULOUSE (Eric ESPIE, Franck ARMANDET, Philippe CHAMOULAUD)
Legal advisor (debt) : PACT AVOCATS (Benjamin DAHAN)
Sellers : MANAGERS, Pierre ASSEO
Legal advisor (vendor) : ALTIJ (Patrick NADRAULT)
M&A advisor (vendor): CAMBON PARTNERS (Guillaume TEBOUL, Philippe BACKES)

About Evolem
Evolem, is a French family office, created and 100% owned by an entrepreneur: Bruno ROUSSET (founder of April group). Evolem’s investment approach is based on a long term strategic vision shared with the management, and no exit horizon in order to accompany the development of leading players in specific sectors.
In the context of majority transactions, Evolem invests in companies with sales between 10 M€ and 80 M€ and operating in niche markets, with the objective of growing small to intermediate size (100 M€ to 150 M€ in sales) through organic and external growth and increased international reach.
Having completed 44 add-ons operations including 11 abroad, Evolem has a solid experience in carrying out such transactions for its platforms, in the identification of potential targets, approach, negotiations and execution.

More information on : https://www.evolem.com/

Press contact :
Peggy DESOUTTER
peggy.desoutter@evolem.com
+33 (0)4 72 68 98 00
+33 (0)6 88 23 15 63

Investment AB Latour (publ) has, through its subsidiary Aritco Group, acquired TKS Heis AS based in NÆRBØ, Norway. Closing will take place on 31 January, 2019.

TKS Heis is a leading Norwegian manufacturer and installer of platform lifts and installer of passenger lifts. The company was founded in 1997 and has built a business with development and manufacturing at the head office in NÆRBØ and a sales, installation and aftermarket organization that serves the majority of the Norwegian market. Sales for 2018 amounted to NOK 155 million and the company has 74 employees.

The acquisition of TKS Heis complements Aritco’s product portfolio and strengthens its offering to existing distribution networks. In addition, the acquisition strengthens an already strong position in the Norwegian market.

“TKS Heis has been a reseller of Aritco’s products in Norway since 1997 and I am very pleased to have Latour and Aritco as a new owner. I am convinced that Aritco as a long-term and industrial owner with a customer base in a large number of markets will constitute an excellent foundation for continued growth for TKS Heis and our products in and outside Norway”, Says Tønnes Helge Kverneland, CEO of T. Kverneland & Sønner AS.

“We have had a close partnership with TKS Heis since 1997 and we have come to know TKS as a very professional player, the acquisition secures this relationship for the future. TKS gives us access to a product that complements our existing range in an excellent way. In addition, TKS Heis adds great experience and expertise in the aftermarket field, which will help us in our development of aftermarket products and services” says Martin Idbrant, CEO of Aritco Group.

Göteborg, 11 January, 2019

INVESTMENT AB LATOUR (PUBL)
Jan Svensson President and CEO

For further information, please contact:
Martin Idbrant, VD Aritco group AB, 0727 15 36 52
Gustav Samuelsson, affärsutveckling Investment AB Latour, 0735 52 55 59

Aritco Group is a globally leading manufacturer of platform lifts for one-family houses and accessibility adaptation of public/commercial buildings. Sales go through a strong network of local partners in Europe, Middle East and Asia.

Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listing holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of ten substantial holdings with a market value of about SEK 49 billion. The wholly-owned industrial operations has an annual turnover of about SEK 11 billion.  

Segulah V L.P. has entered into an agreement to acquire Francks Kylindustri AB from the Franck family and CEO Per Hannius.

Francks is a leading company within the industrial refrigeration market with a turnover of approximately MSEK 450. The company, founded in 1950, has approximately 200 employees and is headquartered in Norrköping. With offices at ten locations from Ludvika in the north to Helsingborg in the south, Francks undertakes complex refrigeration installations in a number of industries.

Both current Chairman Göran Franck and CEO Per Hannius will remain as shareholders alongside Segulah.

”I look forward to working with Segulah to grow Francks and develop the business for our customers. With Segulah as a new, strong majority shareholder, we get the opportunity to invest further, both organically and through strategic acquisitions”, says Per Hannius.

“Segulah, who previously has completed several successful investments in the installation sector, is pleased to be the new majority shareholder of Francks and look forward to develop the business together with Francks’ strong management team”, says Marcus Planting-Bergloo, Partner at Segulah Advisor AB.

The acquisition is the eight investment for Segulah V L.P.

For further information, please visit www.franckskylindustri.se,
www.segulah.com or contact:

Per Hannius, CEO, Francks, +46 73 53 99 225

Marcus Planting-Bergloo, Partner, Segulah Advisor AB, +46 70 22 91 185

Investment AB Latour (publ) has, through its subsidiary Aritco Group, acquired TKS Heis AS based in NÆRBØ, Norway. Closing will take place on 31 January, 2019.

TKS Heis is a leading Norwegian manufacturer and installer of platform lifts and installer of passenger lifts. The company was founded in 1997 and has built a business with development and manufacturing at the head office in NÆRBØ and a sales, installation and aftermarket organization that serves the majority of the Norwegian market. Sales for 2018 amounted to NOK 155 million and the company has 74 employees.

The acquisition of TKS Heis complements Aritco’s product portfolio and strengthens its offering to existing distribution networks. In addition, the acquisition strengthens an already strong position in the Norwegian market.

“TKS Heis has been a reseller of Aritco’s products in Norway since 1997 and I am very pleased to have Latour and Aritco as a new owner. I am convinced that Aritco as a long-term and industrial owner with a customer base in a large number of markets will constitute an excellent foundation for continued growth for TKS Heis and our products in and outside Norway”, Says Tønnes Helge Kverneland, CEO of T. Kverneland & Sønner AS.

“We have had a close partnership with TKS Heis since 1997 and we have come to know TKS as a very professional player, the acquisition secures this relationship for the future. TKS gives us access to a product that complements our existing range in an excellent way. In addition, TKS Heis adds great experience and expertise in the aftermarket field, which will help us in our development of aftermarket products and services” says Martin Idbrant, CEO of Aritco Group.

Göteborg, 11 January, 2019

INVESTMENT AB LATOUR (PUBL)
Jan Svensson President and CEO

For further information, please contact:
Martin Idbrant, VD Aritco group AB, 0727 15 36 52
Gustav Samuelsson, affärsutveckling Investment AB Latour, 0735 52 55 59

Aritco Group is a globally leading manufacturer of platform lifts for one-family houses and accessibility adaptation of public/commercial buildings. Sales go through a strong network of local partners in Europe, Middle East and Asia.

Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listing holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of ten substantial holdings with a market value of about SEK 49 billion. The wholly-owned industrial operations has an annual turnover of about SEK 11 billion.