Sale of Clean Surface Technology Co., Ltd.

Polaris

Polaris Private Equity Fund III (“Polaris Fund III”), managed by Polaris Capital Group Co., Ltd. (“Polaris”), has agreed with Mitsui Matsushima Co., Ltd. on the sale of all of the shares of Clean Surface Technology Co., Ltd. (“CST”) (with 100% of the voting rights) owned by Polaris Fund III and other shareholder to Mitsui Matsushima Co., Ltd. and signed Share Purchase Agreement today.

Since its inception as Japan’s first specialist mask blank maker in 1977, CST has been manufacturing and distributing mask blank components to major photo mask manufacturers in Japan and abroad which in turn will be used to manufacture various end products such as LCDs, semiconductors and OLED and enjoys a high market share as one of the leading supplier in its field.

CST has accumulated globally top-notch technologies and know-hows through operating for many years within-house production of manufacturing machines/devices and secured a very high market shares in mask blanks for super-large LCDs and OLEDs. We expect a steady growth of the demand for mask blanks to be used in both LCDs and semi-conductors as well as a rowth of new market for super-large LCDs and OLEDs.

Polaris has decided to proceed with the sale since CST will be able to continue to grow by keeping its leading position in the mask blanks market through developing more advanced technologies and new products and accelerate its growth strategies as a core member of Mitsui Matsushima Group for creating a higher corporate value in the future.

The share transfer is expected to be completed on February 1, 2017.

For inquires:

Naohiko Ohno

Senior Vice President

Polaris Capital Group Co., Ltd.

 

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Ardian to acquire SLV from Cinven

Ardian

Frankfurt / Übach-Palenberg, October 28, 2016.
Ardian, the independent private investmentcompany, today announces that it has signed an agreement with Cinven to acquire SLV, a provider of lighting fixtures for the residential and commercial space.
The parties have agreed not to disclose details of the transaction.The completion of the transaction is
subject to the approval of the responsible antitrust authorities.

Founded more than 35 years ago and headquartered in Übach-Palenberg Germany, SLV has
experienced significant growth over the past decades and became a leading provider of lighting fixtures
in its core markets. With its assets-light business model, SLV offers its customers a diversified and innovation-
driven product offering from functional towards decorative lighting fixtures for indoor and outdoor use with
immediate availability of its products. Cinven acquired SLV in May 2011 from its founder and HgCapital
and strengthened SLV’s management team with the appointment of a new CEO, Robert Fellner-Feldegg, in
February 2014 and the appointment of Jens Aertgeerts as new CSO. With the support of Ardian as an
international and financially strong partner, SLV intends to continuously innovate its diversified productportfolio, strengthen its market leading position in Germany, further develop its international footprint and
exploit the opportunities of digitalization and online sales channels. The company’s growth is aimed to be
realized both organically as well as through selected acquisition opportunities in its fragmented market.

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American Securities to acquire Chromaflo Technologies from Arsenal Capital Partners and Nordic Capital

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American Securities LLC, Arsenal Capital Partners, and Nordic Capital Fund VI today announced that American Securities has partnered with management and signed a definitive agreement to acquire Chromaflo Technologies Corp. (“Chromaflo” or the “Company”), a leading producer of proprietary, high-performance colorants and chemical dispersions, from Arsenal Capital Partners and Nordic Capital. The transaction is expected to close in November 2016 and is subject to customary closing conditions and regulatory approvals. Financial terms of the transaction were not disclosed.

Headquartered in Ashtabula, Ohio, Chromaflo is a leading independent global supplier of colorant systems, chemical and pigment dispersions. With more than eight decades of industry experience in colorant systems and chemical pigment dispersions, the Company’s family of brands includes more than 200 product lines and 7,000 products, serving customers across six continents.

Scott Becker, President and CEO of Chromaflo, said, “We look forward to partnering with American Securities. They are ideally positioned to support our next phase of growth and development as we look to expand our product offerings, geographies, and market reach. American Securities has significant experience in the specialty chemical sector and a broad and experienced team, which will aid in our expansion. We look forward to working with them as we continue to focus on providing highly technical colorant and chemical solutions to our customers and markets.”

Scott M. Wolff, a Managing Director of American Securities, commented, “We believe that Chromaflo’s commitment to product innovation, combined with its experienced and customer-focused management team, positions the Company for continued growth. We look forward to bringing our resources to bear to support Scott Becker and the rest of Chromaflo’s management team toward continued success.”

John Televantos, a Partner who co-heads Arsenal’s Specialty Industrials practice, said, “Through its organic growth and strategic acquisitions, Chromaflo has become the leading global innovator and supplier of colorants and chemical dispersions with broad technologies serving the coatings and thermoset plastics markets.”

Robert Furuhjelm, Partner, NC Advisory Oy, advisor to the Nordic Capital Funds, added, “Nordic Capital Fund VI is proud of the transformation of Chromaflo into a leading global player and has been very pleased with the partnership with Scott Becker and his management team for executing the Company’s growth and acquisition strategy.”

About Chromaflo Technologies
Chromaflo Technologies is a leading independent global supplier of colorant systems, chemical and pigment dispersions, serving customers in architectural and industrial coatings as well as the thermoset composites market. Headquartered in Ashtabula, Ohio, U.S., Chromaflo has production facilities in the U.S., Canada, The Netherlands, Finland, Australia, China and South Africa. Sales and technical support is also provided throughout North and South America, Europe, Australia, China, India and Southeast Asia. Commitment to excellence is driven by three core values: quality, speed and service.
Discover more at www.chromaflo.com.

About American Securities LLC
Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200
million to $2 billion and/or $50 million to $200 million of EBITDA. American Securities and its affiliates have approximately $15 billion under management.
www.american-securities.com

About Arsenal Capital Partners
Arsenal Capital Partners is a leading New York-based private equity firm that invests in middle market specialty industrial and healthcare companies. Arsenal makes investments in sectors where the firm has significant prior knowledge and experience. Arsenal targets businesses that have the potential for further value creation, and works closely with management to accelerate growth by leveraging the firm’s industry focus and operational improvement capabilities. Arsenal currently manages $2.9 billion of committed equity capital. For additional information on Arsenal Capital Partners, please visit www.arsenalcapital.com.

About Nordic Capital
Nordic Capital private equity funds have invested in mid-market companies primarily in the Nordic region since 1989. Through committed ownership and by targeting strategic development and operational improvements, Nordic Capital enables value creation in its investments. Nordic Capital Funds invest in companies in northern Europe and in selected investment opportunities internationally. Nordic Capital currently has EUR 10.5 bn in assets under management. 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. Nordic Capital Funds are based in Jersey, Channel Islands, and are advised by the NC Advisory companies in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital please see www.nordiccapital.com.

Contact Information

For Chromaflo Technologies, please contact:
Scott Becker
President and Chief Executive Officer
+1-440-536-9696
sbecker@chromaflo.com

For American Securities, please contact:
Amy Harsch
+1-212-476-8071
aharsch@american-securities.com

For Arsenal Capital Partners, please contact:
Chris Tofalli
Chris Tofalli Public Relations, LLC
+1-914-834-4334
chris@tofallipr.com

For Nordic Capital, please contact:
Katarina Janerud, Communication Manager
NC Advisory AB, advisor to the Nordic Capital Funds
+46 8 440 50 50
katarina.janerud@nordiccapital.com

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Bregal Fresh Stream intents to buy Verwater from Infestos

Verwater, the global provider of industrial and petrochemical plants, confirms that it is in advanced talks with mid-market private equity fund Bregal Fresh Stream ( “Fresh Stream”) with respect to an investment in dilutive.

If these talks result in an agreement, it is anticipated that Fresh Stream will join as a shareholder in Verwater and Verwater Industrial Services. Independent investment Infestos, the current majority shareholder, which has invested in Verwater in 2014, will retain a significant share of Verwater and continue to play a role in the further operational development of the Group. All current minority shareholders will remain investors in the company.

An investment in Verwater would mark the next step in the continued growth of the company, after Infestos together with the operational board and the management team has implemented a successful turnaround in the past two years, making the company has stabilized and a solid platform for offers further growth.

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EQT Opportunity sells TitanX to Tata AutoComp

  • EQT Opportunity sells TitanX, a leading company in the global truck cooling market
  • During EQT Opportunity´s ownership, TitanX has been developed from a carve-out of three factories to a global technology leader in the engine and oil cooling space

Tata AutoComp Systems Ltd (“Tata AutoComp”), EQT Opportunity (“EQT”) and Fouriertransform (“Fourier”) have entered into an agreement whereby Tata AutoComp will acquire TitanX Engine Cooling (“TitanX” or “The Company”).

TitanX is a world leading supplier of powertrain cooling solutions for commercial vehicles. The Company serves most of the western world’s OEMs, including Volvo Trucks, Scania, Iveco and Daimler. TitanX has a yearly turnover of SEK 1.6 billion and manufactures in Sweden, USA, Mexico, Brazil and China.

Tata AutoComp is part of the Tata Group of India, a conglomerate which includes companies such as Jaguar Land Rover in UK and Daewoo Motors in Korea. Tata AutoComp is one of India’s leading vehicle component groups with customers across automotive sectors, from passenger cars to heavy duty trucks and agriculture vehicles.

“Under EQT and Fourier’s ownership, TitanX has developed from a carve-out of three factories to a renowned and leading player in the global truck cooling market” says Magnus Hillestad, Director at EQT Partners and Investment Advisor to EQT Opportunity. “EQT is proud to sell TitanX to Tata AutoComp, a great strategic owner for the continued development and growth of TitanX.”

With Tata AutoComp as a new owner, TitanX will be able to leverage their Asian presence by establishing relationships with the leading commercial vehicle OEMs in Asia as well as working together with Tata AutoComp’s purchasing and R&D departments to drive efficiency and new product innovations.

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svt Group to acquire AIK Flammadur Brandschutz

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svt Group to acquire AIK Flammadur Brandschutz

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

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

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

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

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

For further questions:

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

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

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

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

About svt Group
www.svt.de

About AIK Flammadur Brandschutz GmbH
www.aik-flammadur.de

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK funds have raised more than €7.5 billion of capital and invested in over 95 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com

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Nordic Capital announces the sale of COROB to Wise SGR

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Nordic Capital announces the sale of COROB to Wise SGR

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

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

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

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

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

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

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

Press contact:

Nordic Capital

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

Wise SGR

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

Nordic Capital

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

COROB

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

www.corob.com

Wise

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

www.wisesgr.it

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Procuritas Capital Investors V LP invests in SEM AB

Procuritas

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

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

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Altor to acquire Tresu Group

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

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

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

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

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

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

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

The transaction is subject to customary regulatory requirements and approvals.

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

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

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

About Erhvervsinvest

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

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Nordic Capital has sold its remaining shares in Thule – now established as a global leader in the sports and outdoor industry

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Global leader in the sports and outdoor industry Thule sold by Nordic Capital

Nordic Capital Fund VII (“Nordic Capital”) has sold its remaining shares in Thule Group AB (“Thule”). Following the sale, Nordic Capital Funds no longer hold any shares in Thule, after a nine year holding period under which Thule has been transformed and developed into a consumer-oriented global leader in products for an active and mobile lifestyle.

“It has been rewarding to follow and support Thule’s journey to the modern and international consumer company it is today. Through support during rough patches and a strategy that has involved both investing in new business areas and divesting others, Thule is now a strong, profitable and established listed company”, says David Samuelson, board member in Thule and Director, NC Advisory AB, advisor to the Nordic Capital Funds.

Nordic Capital Fund VI acquired Thule in 2007 and in November 2014 Thule Group was listed on NASDAQ Stockholm. Under the motto “Active Life, Simplified”, the Thule Group offers products in four product categories:Sport&Cargo Carriers, such as bike carriers and roof boxes,Bags for Electronic Devices,Other Outdoor&Bagsincluding amongst others Sport & Travel Bags and Active with Kids, andWork Gear.

Nordic Capital Fund VI acquired Thule in 2007. During 2007, two larger acquisitions, Case Logic and UWS both located in the US, were made to strengthen the product offering. The global crisis in 2008 led to a focus on profitability improvement. In 2009, a new consumer-oriented strategy with a new global retail concept was introduced, followed by a launch of several new product areas as for example the Thule Crossover bags collection. In 2010 Nordic Capital Fund VII invested in Thule alongside Fund VI. Canadian based Chariot Carriers, one of the world’s leading designers and developers of multi-functional child carriers, was acquired in 2011 to further strengthen the focus on products making it easy for people to transport the things they cherish.

In 2014, the business area Trailer was divested in line with the strategic direction to focus the Thule Group’s business on outdoor and sport products for active consumers. Furthermore, the Towbar division was spun-off to become the separate stand-alone entity Brink Group, allowing both Thule and Brink to continue with full focus on their respective core businesses.

“We would like to thank the management and team of Thule for their hard work and collaboration. This is an example of a company where a combination of investments in product development, a new group structure, and focus on operational improvements have created a global leader that will be able to continue to develop going forward”, concludes David Samuelson.

Contact information:

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

 

About Nordic Capital

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

 

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