Tag Archives: Industrie

Arundo Analytics Raises $25M Series A Funding to Bring Large-Scale Machine Learning Into Asset-Heavy Industries

Alliance

Purpose-Built Platform for Deep Industrial Data Science Plans for Global Expansion

Enables Heavy Industries to Drive Business Value from Operating Data in Days Instead of Months

HOUSTON–(BUSINESS WIRE)–January 25, 2018–

Arundo Analytics, a software company powering advanced analytics in heavy industry, announced today an initial closing of $25 million on its Series A financing round. To date, the company has raised over $32.5 million since its founding in 2015.

“This investment is a validation of the product and market strategy our team pursued over the last two years,” said Tor Jakob Ramsøy, CEO of Arundo. “We created flexible, user-friendly software that allows operators, OEMs and service companies in heavy industries to quickly integrate machine learning into their operations. With Arundo’s software, our customers can drive business value from operating data in days or weeks, rather than months or years. This resonates with both our customers and our investors.”

Several leading investors joined in this round, including Sundt AS, Stokke Industri, Horizon, Canica, Strømstangen and Arctic Fund Management. Existing investors also participated, including Stanford-StartX Fund and Northgate Partners.

While companies in sectors such as consumer Internet use the latest machine learning techniques to improve business outcomes, many heavy industrial companies are unable to capitalize on their data. This is due to a combination of legacy assets and challenging operating conditions. As a result, operational data often sits unused. Arundo Analytics solves this challenge with cloud-based, edge-enabled software purpose-built for deep industrial data science and advanced analytics, as well as machine learning applications in areas such as equipment monitoring and sensor anomaly detection.

“Our heritage is rooted in the maritime industry and we understand the challenges and opportunities presented by advanced analytics in such heavy industrial settings,” said Leiv Askvig, CEO of Sundt AS. “We are excited by the team, products and market opportunity of Arundo.”

Arundo plans to use the funds to expand sales and marketing efforts in asset-heavy industries, including the oil & gas, maritime, mining, chemicals, power and manufacturing sectors, as well as to continue to build on its team of world-class software engineers and data scientists in Houston, Oslo and Palo Alto. The company recently added personnel to support global customers in Lausanne, Switzerland and London, UK. It continues to grow its presence in major industrial markets around the world.

About Arundo

With offices in Oslo, Houston and Silicon Valley, Arundo Analytics provides cloud-based and edge-enabled software for the deployment and management of enterprise-scale industrial data science solutions. Arundo’s software allows industrial companies and other organizations to increase revenue, reduce costs and mitigate risks through machine learning and other analytical solutions that connect industrial data to advanced models and connect model insights to business decisions. In 2016, Arundo graduated from Stanford University’s StartX accelerator program, and subsequently received investment from the Stanford-StartX Fund. In 2017, Arundo was named to the MIT STEX25 by the Massachusetts Institute of Technology Startup Exchange (MIT STEX). MIT STEX25 recognizes select companies from a pool of more than 1,000 MIT-connected startups as being particularly well-suited for industry collaboration based on technical and commercial success. For more information, please visit www.arundo.com, or follow Arundo Analytics on Twitter @arundoanalytics.

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Partners Group to exit Trimco, a global provider of labels and brand identification solutions to the apparel sect

Partners Group

Partners Group, the global private markets investment manager, has agreed the sale of Trimco International Holdings Limited (“Trimco” or “the Company”), a Hong Kong-headquartered apparel-labeling producer, on behalf of its clients. The Company will be acquired by funds advised by Affinity Equity Partners for a total consideration of USD 520 million, generating a 3.4x return for Partners Group on its original investment.

Founded in Hong Kong in 1978, Trimco provides a full range of garment labels, tags and trimming products to blue chip apparel brands and retailers worldwide. Partners Group acquired Trimco on behalf of its clients in May 2012 and has subsequently worked alongside the senior management team, led by Miranda Kong, the Group CEO and Founder, to oversee a period of expansion in which the Company quadrupled its business and grew from an Asia-centric manufacturing specialist into a global leader in its field. Trimco currently serves more than 500 clients worldwide and has grown from 400 employees in 2012 to more than 1,450 employees today.

Amy Wan, COO of Trimco, comments: “Over the last five years, we have worked hand-in-hand with the Partners Group team during a period of continuous growth and development for our business. Partners Group’s global footprint and expansive network have enabled us to fast-forward our international expansion strategy through targeted add-on acquisitions as well as organic growth. As we change ownership, we are proud to reflect on this tremendous growth trajectory.”

Florian Marquis, Senior Vice President, Private Equity Asia, Partners Group, explains: “Our value creation plan was designed to support Trimco’s international expansion. For example, we focused on building out dedicated client relationship teams in key markets including the UK and major Continental European consumer markets, as well as North America. Additionally, Partners Group supported Trimco in expanding its manufacturing footprint in key apparel hubs across Eastern Europe, Turkey, China, and South and Southeast Asia.”

Notable add-on acquisitions during the five-year holding period included the 2015 purchase of Denmark-headquartered A-Tex, also a global provider of brand identity products including labels, hang-tags, packaging solutions and in-store decorations for leading European and US fashion brands.

Cyrus Driver, Managing Director, Head Private Equity Asia, adds: “When we invested into Trimco in 2012, we could see that it had the potential to become a global leader within its sector. Five years later, and following an exceptional partnership with its senior management team and a structured approach to international expansion, the Company has clearly achieved this goal. We wish the Trimco team continued success in the future.”

Goldman Sachs (Asia) LLC. acted as sole financial advisor and Clifford Chance as legal advisor.

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Kanalservice Holding acquires Jeschke Umwelttechnik GmbH

Ufenau

At the beginning of the new year,we are pleased to announce that Kanalservice Gruppe has successfully acquired Jeschke Umwelttechnik GmbH. Jeschke Umwelttechnik is headquartered in Stutensee close to Karlsruhe, Germany, and has more than 30 highly trained employees in the field of sewer renovation. Jeschke Umwelttechnik has a unique expertise in the installation cured-in-place pipe liners and is a full -service provider in this field.

In recent years, the company has established itself as a leading player in the sewer renovation segment for public-sector customers in southwestern Germany. The cured-in-place pipe lining process is a common method for trenchless rehabilitation of buried, non-pressurized drainage networks, such as the sewer system. In the process, a fiberglass hose (tube liner) impregnated with synthetic resin is drawn into a tube and then cured by UV light. Kanalservice Gruppe, with headquarters in Switzerland, is the owner of Mökah Gruppe that offers sewer cleaning, inspection, renovation as well as suction and surface cleaning services with 170 employees.

“I am very happy that I found the ideal partner in Kanalservice Gruppe to further grow the company organically as well as for acquisitions. I am convinced that the acquisition lays the foundation for a successful, long-term collaboration. I am looking forward to the execution of our growth strategy in the coming years” says Steffen Jeschke, CEO and owner of Jeschke Umwelttechnik.

“We are delighted, that with Mr. Jeschke and his team we found proven experts in the cured-in-place pipe lining segment in southwestern Germany as a strategic addition to Kanalservice Gruppe.

Mr. Jeschke will continue his successful work as CEO of Jeschke Umwelttechnik and we are happy to welcome him as a shareholder of the group ”adds Ralf Flore, Managing Partner at Ufenau Capital Partners.

Sincerely, your Ufenau Team

 

About Ufenau Capital Partners

Ufenau Capital Partners is a privately owned Swiss Investor Group headquartered at the Lake Zurich which advises private investors, family offices and institutional investors with their investments in private equity. Ufenau Capital Partners is focused on investments in service companies in German – speaking Europe and invests in the Education & Lifestyle, Business Services, Health Care and Financial Services sectors. Through a renowned Group of experienced Industry Partners (Owners, CEOs, CFOs), Ufenau Capital Partners pursues an active value-adding investment approach on eye-level with entrepreneurs and managers.

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Partners Group fully exits VAT Group AG, the Swiss-listed global leader in the production of high-end vacuum valves

Partners Group

Partners Group, the global private markets investment manager, has, on behalf of its clients, sold its remaining stake in VAT Group AG (“VAT” or “the Company”), the leading global developer, manufacturer and supplier of high-end vacuum valves. The sale completes Partners Group’s exit from the Company, which has generated a gross return of 6x on the original investment and a gross IRR of 74%.

Headquartered in Haag, Switzerland, VAT produces vacuum valves that are mission-critical components in the advanced manufacturing processes required to produce products such as portable electronic devices, flat-screen monitors or solar panels. Partners Group acquired VAT on behalf of its clients in February 2014, together with its investment partner Capvis. During the holding period, Partners Group worked alongside the Company’s management team on a series of Board-led value creation initiatives.

Heinz Kundert, CEO of VAT, comments: “Partners Group has been instrumental in helping to build VAT into the Company it is today, using its Board presence to drive forward the institutionalization of the business and taking a hands-on approach across a wide range of value creation initiatives. Partners Group’s period of ownership contributed to the laying of strong foundations for the future growth of our Company.”

Fredrik Henzler, Partner and Co-Head of Industry Value Creation, Partners Group, states: “When we acquired VAT, it was already the market leader in its category based on the strength of its technology, but it was less mature in non-technical areas. Our value creation strategy therefore focused on providing VAT with a road map for growth that would strengthen its organizational, process and financial capabilities.”

VAT was able to grow its revenues by a CAGR of 11% between 2013 and 2015, eventually listing on the SIX Swiss Exchange in April 2016 (ticker: VACN) with an offer price of CHF 45. Today, VAT’s shares have tripled in value and the company has doubled its employee count to 2,000 from over 1,000 at the time of Partners Group’s initial investment.

Alfred Gantner, Partner, Co-Founder and Member of the Board of Directors of Partners Group, comments: “We are pleased with our investment in VAT and the Company’s success to-date. Due to VAT’s solid corporate and financial development, its potential has also been recognized by the public market since its IPO in 2016, with its share price performance reflecting demand from investors to participate in the success story of this high-quality business.”

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Nexans to accelerate sustainable mobility with investment in IES

Eurazeo

Nexans to accelerate sustainable mobility with investment in IES, global expert of EV fast-charging solutions Investment in fast-charging specialist will enable Nexans to extend its range of solutions and services for electric vehicle infrastructure to provide a comprehensive global offer for DC and AC applications.

Paris La Défense, January 15,2018

Nexans has announced a capital investment in IES, leader in the production of charging solutions for electric vehicles. Nexans’ investment comes as part of a new fund-raising round for the company, including further investment by Eurazeo, IES’s majority shareholder.

The funds raised will allow IES to develop its commercial potential, expand its product range, and strengthen its international presence. The passenger electric vehicle (EV) market is continuing to show strong growth, with worldwide sales Expected to exceed 1.1 million of vehicles in 2017 – an increase of close to 50 Percent on 2016.1

For sustainable mobility to truly become mainstream, the world needs extensive infrastructure to support EVs in the form of smart, fast-charging stations that will make them as convenient and easy to use as conventional petrol or diesel-fueled vehicles.

Nexans has taken the next step in meeting this challenge by announcing a capital investment in IES, the specialist manufacturer of fast-charging direct current (DC) solutions. IES, an industry leader with over 25 years of know-how in charging solutions With its innovative fast-charging solutions, based on unique high frequency power switching technology, IES has become a global market leader serving automotive OEMs, as well as industrial EV OEMs and EV charging infrastructure providers.

IES has 25 years of know-how in charging solutions and specializes in the design and manufacture of onboard and external vehicle charging systems rated at up to 100 kilowatts. The company is headquartered in France, with affiliates in the US, China and Germany.

 

“IES has established an excellent reputation as a specialist supplier of EV charging systems offering the highest levels of quality, reliability and performance. This has enabled us to achieve 25 percent average year-on-year growth in sales for the past three years,” said Jean-Michel Cornille, President of IES. “The presence at our side of an international leading industrial actor, on top of our historic partner, Eurazeo, will create excellent synergies to accelerate our development. By leveraging Nexans’ international sales force, extending our product & service solutions, and adding major investment to further accelerate our new product development, we look forward to taking our business to the next level and reinforcing our leading position on the dynamic and fast-growing e-mobility market.”

 

A strategic partnership aligned with Nexans’ ‘Paced for Growth 2018-2022’ plan The cooperation with IES builds on Nexans’ existing investments in EV charging solutions, including alternating current (AC) charging stations. These strategic partnerships enable Nexans to offer a comprehensive portfolio of charging hardware, software and services for all applications, both DC and AC.

Christopher Guerin, Nexans Senior EVP, Europe and Telecom/Datacom, Power Accessories Business Groups, said:“IES is a valuable addition to our sustainable mobility portfolio, both for its advanced fast-charging technology and the strong relationships it has already established with major players in the industrial EV, automotive OEM and charging infrastructure sectors. This investment is a perfect illustration of our recently announced strategy for 2018-22 to extend Nexans’ offer in our Building & Territories segment beyond cables to provide complete solutions for EV charging stations.”

Currently, Eurazeo is the main shareholder of IES. Following this investment Nexans will own a 27.8 percent stake in IES, with Eurazeo and the management Holding the remainder of the capital.

 

Yann du Rusquec, Managing Director and Head of Eurazeo Growth, added:

“Since our investment in 2013, IES has significantly progressed thanks to the extension of its high quality product range and its promising international development. Today, in light of the strong market potential combined with IES’s growth , we are renewing our commitment by investing once again in the company. Having Nexans at our side will allow IES to capture significant and positive new development opportunities over the coming years.”

1 EV-Volumes, Global Plug-in Vehicle Sales for 2017 H1 + July, August Update

About IES

IES (Intelligent Electronic Systems) is a leading company recognized for advanced electric vehicle battery charging solutions. Founded more than 25 years ago, IES has created a high expertise for designing and manufacturing high frequency battery chargers at the edge of the technology. First engaged on the industrial vehicle market, where reliability and compacity were key, IES has developed a complete range of on-board chargers recognized by top leading industrial actors in the world.

IES has also actively participated to the emergence of the electric passenger vehicle market , becoming for instance the exclusive on-board charger supplier for one vehicle from a top French manufacturer. Working closely with a leading German car maker, IES has also elaborated in 2010 one of the first CCS Combo DC fast chargers. Combining compacity, performances and reliability, the IES technology is used today by many leading car OEMs in the world to help developing their new electric vehicles. Thanks to the support of Eurazeo, who acquired a majority of the company shares in 2013, IES has builta strong international presence for fast charging infrastructures. The KEYWATT technology has been selected as the core solution of many charging infrastructure actors in Europe, North America, and more recently in China through its joint venture created with WANMA in 2015. At end of 2017, more than 4,0 00 KEYWATT chargers have been deployed in the world, making IES as one of the leading companies for the transition to electric mobility.

 

For more information, please consult:

www.ies-synergy.com

IES contact:

Jean-Benoit Moreau

Marketing Director

Tel: +33 (0) 4 30 05 00 28

jean-benoit.moreau@ies-synergy.com

 

About Nexans

Nexans brings energy to life through an extensive range of cables and cabling solutions that deliver increased performance for our customers worldwide. Nexans’ teams are committed to a partnership approach that supports customers in four main business areas:

Power transmission and distribution (submarine and land), Energy resources (Oil & Gas, Mining and Renewables), Transportation (Road, Rail, Air, Sea) and Building (Commercial, Residential and Data Centers). Nexans’ strategy is founded on continuous innovation in products, solutions and services, employee development, customer training and the introduction of safe, low -environmental- impact industrial processes.

In 2013, Nexans became the first cable player to create a Foundation to introduce sustained initiatives for access to energy for disadvantaged communities worldwide. Nexans is an active member of Europacable, the European Association of Wire & Cable Manufacturers, and a signatory of the Europacable Industry Charter. The Charter expresses its members’ commitment to the principles and objectives of developing ethical, sustainable and high-quality cables.

Nexans, acting for the energy transition, has an industrial presence in 40 countries, commercial activities worldwide, is employing close to 26,000 people and generating sales in 2016 of 5.8 billion euros. Nexans is listed on Euronext Paris, compartment A.

 

For more information, please consult:

www.nexans.com

& follow us on:

Nexans contacts:

 

Press

Angéline Afanoukoe

Tel: +33 (0)1 78 15 04 67

angeline.afanoukoe@nexans.com

 

Investor relations

Michel Gédéon

Tel: +33 (0)1 78 15 05 41

michel.gedeon@nexans.com

 

About Eurazeo

With a diversified portfolio of approximately €8 billion in assets under management, Eurazeo

is a leading global investment company with offices in Paris and Luxembourg, New York, Shanghai and Sao Paolo. Its purpose and mission is to identify, accelerate and enhance the transformation potential of the companies in which it invests. The firm covers most private equity segments through its five business divisions –Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo Brands. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable

Eurazeo to support its companies over the long term. As a global long-term shareholder, the firm offers deep sector expertise, a gateway to global markets, and a stable foothold for transformational growth to the companies it supports.

 

Eurazeo is listed on Euronext Paris.

ISIN: FR0000121121

–

Bloomberg: RF FP

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Reuters: EURA.PA

Eurazeo contacts:

Caroline Cohen

Sandra Cadiou

Head of Investor Relations

Communication Director

Email:

ccohen@eurazeo.com

Email:

scadiou@eurazeo.com

Tel: +33 (0)1 44 15 16 76

Tel: +33 (0)1 44 15 80 26

Eurazeo Press Contact

 

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EQT Credit provides financing to support Bosal Automotive Carrier and Protection Systems

eqt

EQT Credit, through its Mid-Market Credit investment strategy, announces today that it has agreed to provide senior secured financing for TowerBrook Capital Partners’ (“TowerBrook”) acquisition of Bosal Automotive Carrier and Protection Systems (“Bosal ACPS” or the “Company”) from Bosal Group.

Headquartered in Germany, Bosal ACPS is a leading manufacturer of tow bars for original equipment manufacturers and suppliers and for the aftermarket in Europe. The Company has manufacturing facilities in Europe and the Americas, generating sales in 2017 of approximately EUR 250 million.

Paul Johnson, Partner at EQT Partners’ Credit team, Investment Advisor to EQT Credit, commented: “Bosal ACPS is an established market-leader in the European OEM tow-bar segment. We are attracted by the Company’s long-term track record, product quality and history of technological leadership and innovation. EQT’s network of Industrial Advisors, with former senior executives in the automotive segment, provided key support throughout the due diligence process. EQT Credit looks forward to support Bosal ACPS and TowerBrook as they continue to execute on the plans for international growth and operational improvement.”

All parties have agreed to not disclose any financial details.

Contacts:
Paul Johnson, Partner at EQT Partners, Investment Advisor to EQT Credit, +44 207 430 5554
Nakul Sarin, Director at EQT Partners, Investment Advisor to EQT Credit, +44 208 432 5420
EQT Press Office, +46 8 506 55 334, press@eqtpartners.com

About EQT
EQT is a leading alternative investments firm with approximately EUR 38 billion in raised capital across 25 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About EQT Credit
EQT Credit invests through three complementary strategies: senior debt, Mid-Market Credit (direct lending) and credit opportunities. Since inception, EQT Credit has invested approximately EUR 4.0 billion in 150 companies. EQT Credit’s direct lending strategy seeks to provide flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. These businesses may be privately-owned corporates seeking alternative funding to grow or be the subject of private equity-led acquisitions or refinancings.

For more information: www.eqtpartners.com/Investment-Strategies/Credit

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TowerBrook announces acquisition of Bosal ACPS

London, 5 January 2018 – TowerBrook Capital Partners announces today that it has entered into a definitive agreement to acquire Bosal ACPS (the “Company”), a German manufacturer of tow bars with operations in Europe and the Americas, from Bosal Group. Financial terms of the transaction were not disclosed.

Bosal ACPS is a leading manufacturer of tow bars for original equipment manufacturers and suppliers (OEM/OES) and for the aftermarket in Europe, generating sales in 2017 of approximately €250m with around 2000 employees. The Company has manufacturing facilities in Germany (where it is headquartered), Hungary, Mexico, Russia and France. The Company has a history of innovation, having invented and introduced retractable tow bars in the early 2000s and the first fully electric retractable tow bar in 2010.

TowerBrook is also pleased to announce that Gerhard Boehm, Vice Chairman of Reydel Automotive, has agreed to serve on the Board as Chairman and as CEO. Mr Boehm has extensive experience of the automotive industry: his former roles include head of FM Powertrain, CEO of Peguform and head of Continental Engine Systems. Supporting Gerhard, Bosal ACPS has a highly-experienced management team with a collective 100 years of expertise in the automotive industry. The team sees significant potential for international growth, as well as opportunities for operational improvement. They also have ambitious plans to accelerate technological innovation, partnerships and acquisitions.

Ramez Sousou, co-CEO and co-founder of TowerBrook said “Bosal ACPS enjoys a leading market position underpinned by its international footprint, product quality and innovation. The business has a number of potential opportunities to drive growth and operational improvements. TowerBrook’s expertise, together with our transatlantic networks and longstanding relationships in the automotive industry, complement and support management’s ambitious plans.”

Gerhard Boehm added “I am very excited to be joining such a dynamic business and management team. Bosal ACPS enjoys favourable mega trends in the take up of tow bars, along with a focus on more comfort, energy efficiency and leisure activity, which are driving product development in both the OEM and aftermarket segments of our business. The business has a strong product pipeline and with TowerBrook’s help it will be able to ramp up in those markets in which it is currently under-represented, such as the NAFTA region, as well as pursue an international growth strategy, including potential acquisitions”.

It is anticipated that the transaction will close at the end of Q1 2018.

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EQT Credit provides financing to support Spanish Metalcaucho

eqt

The EQT Mid-Market Credit fund (“EQT Credit”) today announces that it has provided a new financing solution to support the fund ABAC Solutions (SCA) SICAR (“ABAC”) and management’s investment in Metalcaucho (or the “Company”), a leader in non-OEM spare parts.

Headquartered in Barcelona, Spain, Metalcaucho is a leading automotive spare parts designer and distributor focused on rubber, plastic and metal parts for the independent automotive aftermarket, supplying over 12,500 SKUs across Europe. The new financing will support Metalcaucho with its strong organic and inorganic growth profile through continued product development and international expansion to consolidate its leading position further.

Alexandre Hökfelt, Director at EQT Partners’ Credit team, Investment Advisor to EQT Credit, commented: “Under ABAC’s ownership and with its exceptional management team and strong product offering, Metalcaucho has achieved significant growth and development in a short time period. EQT Credit is excited to support the Company and the management team as it continues its impressive track record of growth and expansion.”

Contacts:
Alexandre Hökfelt, Director at EQT Partners, Investment Advisor to EQT Mid-Market Credit, +44 7742 9069 12
EQT Press Office, +46 8 506 55 334, press@eqtpartners.com

About EQT
EQT is a leading alternative investments firm with approximately EUR 38 billion in raised capital across 25 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About EQT Credit
The EQT Credit platform, which spans the full risk-reward spectrum investing with three strategies: senior debt, direct lending and credit opportunities, has invested approximately EUR 4.0 billion across approximately 150 companies since inception in 2008.

For more information: www.eqtpartners.com/Investment-Strategies/Credit

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Ardian to Acquire Significant Minority Stakes in Industrial Engineering Group Fives

Ardian

Canadian Institutional Investors CDPQ and PSP Investments Sign an Agreement with Management and Ardian to Acquire Significant Minority Stakes in Industrial Engineering Group Fives

Montréal, December 22, 2017

– La Caisse de dépôt et placement du Québec (“CPDQ”) and the Public Sector Pension Investment Board (PSP Investments), two of Canada’s largest pension investment managers, today announced a joint investment in Fives, a global industrial engineering group headquartered in France, which designs and supplies engineered machines, process equipment and production lines for the world’s largest industrial players. CDPQ and PSP Investments will each acquire a significant minority stake in Fives, which will remain controlled by its management, to support the next development phase. Ardian, a world-leading investment house, will continue to be part of the new shareholding structure, as a minority co-investor.

Founded in 1812, Fives has participated in the modernization of various global industries, including steel, aluminium, cement, energy, and more recently, the automotive and aerospace industries, as well as logistics. The group’s rich history is grounded in constant innovation, development of proprietary technologies, international expansion and a pioneering spirit. This enables Fives to have a comprehensive global vision of the various industries in which it operates, as well as strong expertise in the design of critical equipment and solutions for industrial processes.

Today, Fives is at the forefront of innovation, taking a leading role in the “Industry of the Future” with a unique focus and expertise in digitalisation, automation and robotics to optimize industrial processes. With a network spanning four continents, the group possesses a balanced global footprint. For the year ending December 2017, the group is expected to generate over EUR1.8 billion (CAD$2.7 billion) in sales, across North America (30%), Europe (30%), Asia (22%) and the Middle-East and Africa (18%).

This transaction offers CDPQ and PSP Investments the opportunity to become important partners, contributing to the continued development of Fives’ solutions, designed to improve the overall performance of industrial plants, including the optimisation of the energy and resource efficiency and environmental footprint. The partnership with CDPQ and PSP Investments will provide Fives with the necessary resources to finance its mid- and long-term expansion plans through major growth avenues, particularly in markets like Intralogistics, as well as leverage its recently developed breakthrough technologies.

Frédéric Sanchez, Chief Executive Officer of Fives Group, said: “In the past years, with the full support of Ardian, we have invested heavily in R&D and business development, both in terms of  portfolio products and geographical reach – reinforcing our leadership in our core markets and expanding our offer in adjacent booming segments such as FAW (Fully Automated Warehouse), as well as establishing AddUp, a promising platform with Michelin in metal 3D printing (additive manufacturing). Today, we are very enthusiastic to enter a new phase of our development with CDPQ and PSP Investments. Their long-term approach to investment, their deep valuable industrial insights and their strategic vision aligned with that of the management team make them ideal partners for the group, allowing Fives to take advantage, at a global scale, of the full potential of our diversified operations.”

“For over 200 years, Fives’ technology has changed the way the industrial world operates”, said Stephane Etroy, Executive Vice-President and Head of Private Equity at CDPQ. “We are impressed by the company’s ability to continuously adapt, innovate and expand worldwide within the context of rapidly changing technological landscapes. Alongside Frederic Sanchez, his management team, and our partner PSP Investments, we look forward to contributing to the industrial advancement and improved resource efficiency through Fives.”

“We are excited to team up with Fives’ talented management team, led by Frédéric Sanchez, a true visionary in this sector, alongside our partners at CDPQ and Ardian,” said Simon Marc, Managing Director and Head of Private Equity at PSP Investments. “The transaction is a great example of partnership with successful entrepreneurs and like-minded, long-term investors. Fives has been at the forefront of innovation since its inception and we are looking forward to supporting its growth in the next industrial revolution.”

“Fives is an excellent company with a rich, unparalleled heritage,” added Dominique Gaillard, CEO of Ardian France and head of Ardian Direct Funds. “As a business, it continues to go from strength to strength and its focus on industry-leading innovation, combined with its pioneering spirit, positions it well for the years to come. We have achieved great things with Fives since we first invested. CDPQ and PSP Investments are ideal partners and, alongside Ardian, will contribute significantly to its continued development.” The completion of the transaction remains subject to approval by relevant regulatory authorities.

ABOUT FIVES

As an industrial engineering Group, Fives designs and supplies machines, process equipment and production lines for the world’s largest industrials including the logistics, aluminum, steel ,automotive, aerospace, cement and energy sectors. Located in over 30 countries and with nearly 8,600 employees, Fives is known for its technological expertise and competence in executing international projects. Fives’ multi-sector expertise gives it a global vision of the industry which provides a continuous source of innovation. The effectiveness of its R&D programs enables Fives to design forward-thinking industrial solutions that anticipate clients’ needs in terms of profitability, performance, safety and compliance with environmental standards. This strategy is backed by a human resources policy that is focused on the individual, encourages initiative-taking, technical excellence and team spirit. For more information, visit fivesgroup.com or follow us on Twitter@fivesgroup or consult our LinkedIn pages.

ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC

Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans.

As at June 30, 2017, it held C$286.5 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.

ABOUT PSP INVESTMENTS

The Public Sector Pension Investment Board (“PSP Investments”) is one of Canada’s largest pension investment managers with C$139.2 billion of net assets under management as at September 30, 2017. It manages a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and private debt. Established in 1999, PSP Investments manages net contributions to the pension funds of Canada’s federal Public Service, the Canadian Armed Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, Canada, PSP Investments has its principal business office in Montréal and offices in New York and London, its European hub. For more information,

visit www.investpsp.com, Twitter @InvestPSP or LinkedIn.

 

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$66bn managed or advised in Europe, North America and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base. Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world. Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 490 employees working from twelve offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco) and Asia (Beijing, Singapore). It manages funds on behalf of 610 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

Follow Ardian on Twitter @Ardian

www.ardian.com

 

 

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Nordic Capital completes the sale of Luvata Group

Nordic Capital

Nordic Capital Funds V and VI (together “Nordic Capital”) announce that they have completed the sale of their North American Tubes operations, the final remaining operating units of Luvata Group, (“Luvata”), provider in metal solutions manufacturing and related engineering services. Nordic Capital completes the sale of Luvata Group Image

Nordic Capital acquired Luvata in 2005 from Outokumpu Oyj, and the Group has evolved from a fabrication-based business to a solutions-driven company, earning leadership positions in many of the industries it serves today. The sale of the North American Tubes operations to Waybill USA Inc., together with the divestments in the last 18 months of other Luvata divisions as separate entities to Mitsubishi Materials Corporation, Modine Manfacturing Company, and Zhejiang Hailiang Co. Ltd, completes the sale of Luvata Group.

The parties have agreed not to disclose the financial terms of the transaction.

 

Media contacts:

Elin Ljung, Director of Communications and Sustainability

Advisor to the Nordic Capital Funds

Tel: +46 8 440 50 50

e-mail: elin.ljung@nordiccapital.com

 

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. The 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 EUR 3.5 billion in committed capital, principally provided by international institutional investors such as pension funds. The Nordic Capital Funds are based in Jersey, Channel Islands, and are advised by the NC Advisory entities in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital please see www.nordiccapital.com

 

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