Kürten/Fürth (Germany), 5 February, 2019 – AVS Verkehrssicherung (AVS), a Triton Fund IV portfolio company, has entered into an agreement to acquire Schötz Verkehrs- und Arbeitsstelleensicherung GmbH (Schötz), a provider in the field of traffic and construction site safety, based in Fürth. The merger is still subject to the approval of the antitrust authorities. Terms and conditions of the transaction are not disclosed.
Schötz Verkehrs- und Arbeitsstelleensicherung has many years of experience in the field of construction sites, traffic and job security, both for smaller construction site projects, as well as for large construction sites. The company operates primarily in the area of Northern Bavaria and works closely with property developers, cities and municipalities.
Schötz is known as a reliable partner for customers and other clients nationwide and therefore represents an ideal complement to the range of services of the AVS Group.
AVS Verkehrssicherung is a leading specialist provider of highway traffic safety services in Germany. The Company, headquartered in Kuerten, offers all essential services throughout highway traffic-safety projects. These services range from initial planning and obtaining permits to complete construction site setup and security. AVS has a nationwide presence with 16 locations across Germany and around 650 employees.
For further information: http://www.avs-verkehrssicherung.de
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 37 companies currently in Triton’s portfolio have combined sales of around €13 billion and around 84,000 employees.
For more information: www.triton-partners.com
Schiphol, 31 January 2019 – DIF is pleased to announce that the Tram’Ardent consortium, comprising DIF Infrastructure V (80%), French civil construction firm Colas (10%) and Spanish rolling stock manufacturer Construcciones y Auxiliar de Ferrocarriles (CAF, 10%), has reached financial close on the Liège Tram PPP in Belgium.
This availability-based public-private partnership contract with Opérateur du Transport de Wallonie, the regional public transport company, involves the design, building, financing and maintenance of a tram line in the centre of Liège between Sclessin, Coronmeuse and Bressoux Station. It includes circa 12 km of rail track (of which over 3 km catenary-less), 21 stations, 20 trams, a maintenance depot, 2 park-and-ride facilities and improvements to the surrounding urban area. Construction will start immediately, with completion expected in the second half of 2022. Thereafter the consortium will maintain the project for circa 27 years, until 2050.
Total funding for the project amounts to €429 million, including long-term debt secured from the European Investment Bank (EIB), Belfius, BBVA, Natixis, AG Insurance and Talanx. The EIB will fund half of the term loan, totalling €193 million, backed by the European Fund for Strategic Investments (EFSI).
Managing Partner of DIF, Wim Blaasse, added: “DIF is exited to invest in this landmark project, which will benefit the community of Liège by increasing mobility whilst decreasing carbon emissions. It is the result of our strong relationship with both Colas and CAF, with each of whom we are successfully pursuing other opportunities around the globe.”
Advisers to the consortium are Natixis (financial), DLA Piper (legal), Loyens & Loeff (tax & accounting) and BDO (model audit). Advisors to the lenders are Loyens & Loeff (legal), Clifford Chance (EIB legal), Infrata (technical) and Aon (insurance).
About DIF
DIF is an independent infrastructure fund manager, with €5.6 billion of assets under management across seven closed-end infrastructure funds and several co-investment vehicles. DIF invests in greenfield and brownfield infrastructure assets located primarily in Europe, North America and Australasia through two complementary strategies:
DIF has a team of over 110 professionals, based in eight offices located in Schiphol (the Netherlands), Frankfurt, London, Luxembourg, Madrid, Paris, Sydney and Toronto. Please visit www.dif.eu for further information.
Contact:
Allard Ruijs, Partner
Email: a.ruijs@dif.eu
International private equity group Bridgepoint has acquired Miya from the business arm of Arison Group for an undisclosed sum. Miya is the leading private operator of water distribution in Portugal, and a global provider of comprehensive integrated water efficiency solutions to public and private utilities.
Miya was created and founded by Shari Arison in 2008 as a private subsidiary of Arison Investments to realise the value in the efficient management of the world’s fresh water resources. The company provides end-to-end integrated solutions for urban water infrastructure networks on a global basis, specialising in complex, turnaround water efficiency projects.
Indaqua, a subsidiary of the group, is Portugal’s leading private water and wastewater operator. It serves seven utilities in Portugal’s north-west, covering an area of 1,000 square kilometres with a distribution network reaching more than 600,000 residents. Since acquiring the business in 2016, Miya has successfully applied its world-class efficiency practices to improve Indaqua’s operations and maximise the efficiency of water systems.
Shari Arison, owner of the Arison Group and founder and initiator of Miya, said: “Miya was created from deep within me, with the vision of bringing pure water to people around the world. What is most important to me is that this vision continues. I believe that Bridgepoint together with the management team and employees of Miya will continue this vision. I wish them all the best and continued success in bringing pure fresh water for all.”
Arison will continue to invest in companies that bring similar added value to people.
Managed by CEO Amit Horman and his team, the company employs over 600 staff and has dual headquarters in Madrid and Oporto. He said:
“On behalf of Miya management and employees, I would like to thank Shari Arison, David Arison, the Arison family, Arison Investments Chairman and CEO Efrat Peled, and the Arison Investments team for more than a decade of vision and values-based leadership. We are proud to serve the Portuguese market, and to export its talent to other parts of the world. We are thrilled to join Bridgepoint as a portfolio company, and believe this is the beginning of an exciting period of growth. We are completely aligned in understanding the challenges and opportunities in the market.”
Héctor Pérez, a Bridgepoint partner in Madrid, added: “We have been impressed with the operational performance led by Arison Investments, which Amit and his team have delivered across a diverse set of water infrastructure systems. We are excited to partner with Miya and take forward its values-led vision by further developing the company, building on its remarkable efforts to date in contributing to the availability of water resources.”
“Bridgepoint is one of the longest-established international private equity houses in Iberia and, following our recent acquisition of Ascenza (Sapec Agro) in Portugal in 2017, this transaction demonstrates our commitment to investing in businesses with a successful track record that contribute to the sustainability of natural resources while meeting the demands of a growing population” he concluded.
Miya is the first investment made by Bridgepoint Europe VI, a €5.7 billion middle market buyout fund.
Bridgepoint has been advised in this transaction by Citi (corporate finance), PwC Strategy& (commercial), Uría Menéndez (legal), EY (financial, tax & labour), ERM (ESG) and Willis (insurance).
For all press enquiries, contact James Murray on +44 (0) 20 7034 3555
Marking the latest development in the Phase II Expansion at Virginia International Gateway, four new STS cranes arrived safely at the terminal in early January 2019. The cranes are the largest in the Americas and able to service the biggest ships calling at the United States today and for the foreseeable future. Please watch the video of this historic project milestone, “Building the Capacity for Greatness.”
Good progress is being made on the $320 million Phase II Expansion which will double Virginia International Gateway’s capacity to more than two million TEUs (Twenty Foot Equivalent Container Units). Four newly-constructed inbound truck gates and the first of two newly-configured rail bundles, served by two semi-automated cantilever rail-mounted gantries, are now operational. In addition, the 800-foot expansion of Virginia International Gateway’s wharf is complete and almost all 13 new container stacks supported by 26 new rail-mounted gantry cranes are in service. The project is proceeding on schedule with completion scheduled for mid-2019.
The Port of Virginia handled record volumes during calendar year 2018, at 2.85 million TEUs. Further enhancing the Port’s ability to effectively serve their ocean carrier customers, full Federal authorization was secured in 2018 for the ‘Wider, Deeper, Safer’ effort, a strategic project to deepen the Norfolk Harbor to 55 feet and widen portions of the commercial navigation channels. Together with the Phase II Expansion at Virginia International Gateway, the Port of Virginia is well positioned to become the deepest and safest port on the U.S. East Coast capable of handling the increasingly large container ships that underpin the next evolution in international trade.
2018-12-17 07:25 GMT+01
As announced today, ABB will divest the majority of its Power Grids division to Hitachi Ltd. As ABB’s largest shareholder, Investor fully supports this transaction.
“As a long-term, engaged owner, we focus on what we believe is best for each individual company, supporting them to become and stay best-in-class. This includes continuously evaluating, and if needed, adapting the corporate structure.
We have supported the ABB board and management’s decision, and execution, on its strategic direction, not the least the transformation of Power Grids. Over the past years, the division’s performance has improved in terms of higher quality, higher margins as well as reduced project risks, creating long-term value. We fully support the board’s decision on the next step. The divestiture of Power Grids to Hitachi is industrially logical, takes place at the appropriate time and allows ABB to focus on its automation and electrification businesses”, comments Johan Forssell, President and CEO of Investor.
In addition, ABB today also announced a new organizational structure.
“We fully support the organizational changes announced today. We are confident that simplification and decentralization, with a high degree of delegation of responsibility and accountability, are necessary steps to further improve ABB’s performance.
Having strengthened our ownership position over the past few years, we will continue to work actively to support ABB in its long-term value creation”, says Johan Forssell.
Investor is ABB’s largest owner, holding 10.7 percent of the capital and votes.
For further information:
Viveka Hirdman-Ryrberg, Head of Corporate Communication and Sustainability: +46 8 614 2058, +46 70 550 3500
Magnus Dalhammar, Head of Investor Relations: +46 8 614 2130, +46 73 524 2130
Our press releases can be accessed at www.investorab.com
Investor, founded by the Wallenberg family a hundred years ago, is the leading owner of high quality Nordic-based international companies. Through board participation, our industrial experience, network and financial strength, we strive to make our companies best-in-class. Our holdings include, among others, ABB, Atlas Copco, Ericsson, Mölnlycke and SEB.
Kürten (Germany) / Gadstrup (Denmark), 10 December 2018 – AVS Verkehrssicherung (AVS), a Triton Fund IV company, has acquired Traffics A/S (“Traffics”), a Danish provider of construction site- and traffic security, headquartered in Gadstrup (Denmark). The purchase price has not been disclosed.
Founded in 2006, Traffics offers complete solutions, services and equipment for construction sites- and traffic security. Its customers are road construction companies as well as public works and communities.
“We have a long standing business relationship with Traffics based in trust. Together, AVS and Traffics can offer a wide range of products and services which cater to the highest demands of customers in the Danish market;” comments Dirk Schönauer, Managing Director at AVS.
About AVS Verkehrssicherung
AVS Verkehrssicherung is a leading specialist provider of highway traffic safety services in Germany. The Company, headquartered in Kuerten, offers all essential services throughout highway traffic-safety projects. These services range from initial planning and obtaining permits to complete construction site setup and security. AVS has a nationwide presence with 14 locations across Germany and around 600 employees.
For further information: http://www.avs-verkehrssicherung.de
About Triton
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 37 companies currently in Triton’s portfolio have combined sales of around € 12.9 billion and around 83,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.
Press Contacts
AVS Verkehrssicherung
Dirk SchönauerTel.: +49 (0) 214 313834 – 11
dirk.schoenauer@avs-verkehrssicherung.de
Triton
Marcus Brans
Tel.: +49 69 921 02204
Partnership Will Reimagine the Airport Customer Experience in Collaboration with Communities and Public Authorities Across the Continent
New York, NY – Munich Airport International (MAI), a wholly-owned subsidiary of Munich Airport, and CAG Holdings (CAG), The Carlyle Group’s (NASDAQ: CG) global airport investment platform, today announced the formation of Reach Airports LLC – a U.S.-based joint venture to offer training, consulting and management services to the aviation sector in the U.S., Canada, Mexico and other OECD countries. Reach Airports builds on the 25+ year experience of Munich Airport’s international business.
Reach Airports combines the strengths of both parties – the airport investment background of CAG with the operational management expertise of MAI. The formation of Reach Airports builds upon an existing partnership between CAG and MAI for airport development opportunities globally, most notably the redevelopment of Terminal One at New York’s JFK International Airport. The combination of a strong financial investor joining forces with Europe’s best airport to transform the customer experience at JFK represents a milestone in the North American aviation sector.
MAI, the international business arm of Munich Airport, Europe’s only 5-star airport, will continue to expand its global business activities through the creation of Reach Airports. “Together with our partner, CAG, we look forward to providing excellent services to a market that demands significant airport improvements,” states Dr. Ralf Gaffal, Managing Director of Munich Airport International. “We are excited to bring our proven long-term operational and commercial experience developed at airports around the world to North America.”
CAG, which is a portfolio company of the Carlyle Global Infrastructure Opportunity Fund, is led by an experienced U.S.-based management team. With its deep roots in the North American market, CAG acknowledges the importance of working with diverse stakeholders at the local level. “Airports are the economic engines for our regions and cities, and any improvements must reflect the community’s interests while providing new opportunities for growth and career development for local residents,” explains Amit Rikhy, President & CEO of CAG. “We are excited to partner with Munich Airport to reimagine the airport customer experience in close collaboration with local communities and public authorities across the continent.”
* * * * *
About Munich Airport and Munich Airport International
Incorporated in 1949, Flughafen München GmbH (FMG) has been operating Munich Airport on its current site since its opening on May 17, 1992. It is jointly owned by the Free State of Bavaria (51 percent), the Federal Republic of Germany (26 percent) and the city of Munich (23 percent). The FMG corporate group, with its 16 subsidiaries, employs more than 9,000 people. With a total workforce of about 35,000, employed by about 550 companies, Munich Airport is one of Bavaria’s largest employers. Within just a few years of opening, Munich Airport developed into a major air transportation hub and was firmly established as one of Europe’s 10 busiest airports. Munich Airport now offers connections to more than 250 destinations all over the world. In 2017 Bavaria’s gateway to the world has handled approximately 405,000 flights with 44.6 million passengers. Munich Airport is proud to be the first – and remains the only – airport in Europe with a “5-Star Airport” designation by the London-based Skytrax Institute.
As a wholly-owned subsidiary of Munich Airport’s operating company Flughafen München GmbH, Munich Airport International (MAI) is responsible for all national and international consultancy, management and training services. The 70 experts at MAI provide full airport lifecycle services, including planning/design, project management, operational readiness and airport transfer (ORAT), commercial development, process reengineering, profit and revenue optimization, tailor-made training services and comprehensive airport management. In addition to airports, customers also include airlines, ground handlers and airport investors.
About The Carlyle Group and CAG Holdings
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $212 billion of assets under management across 339 investment vehicles as of September 30, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,625 people in 31 offices across six continents. www.carlyle.com
The Carlyle Global Infrastructure Opportunity Fund, L.P. (CGI) is Carlyle’s flagship infrastructure investment fund focused on investments globally. CGI is managed by a team of experienced professionals based in Washington, DC and has been the driving force behind recent landmark announced transactions including the Port of Corpus Christi Texas and, together with CAG Holdings, the redevelopment of New York’s JFK Terminal One.
CAG Holdings (CAG) is The Carlyle Group’s dedicated U.S.-based investment arm for airport infrastructure investment opportunities globally and is a portfolio company of the Carlyle Global Infrastructure Opportunity Fund. CAG is led by an experienced management team with a track record of more than 70+ airport projects globally combined with a deep, localized understanding of the U.S. airport market.
Contacts:
Munich Airport
Ingo Anspach
ingo.anspach@munich-airport.de
+49 89 975 41180
The Carlyle Group
Christa Zipf
christa.zipf@carlyle.com
+1 212 813 4578
Port operations, the forest industry and the energy sector form a close-knit union in Kymenlaakso. In the coming years, the clusters’ investments will rise to even hundreds of millions of euros. The EUR 100 million LNG terminal being built in Hamina is Wärtsilä’s and its partners’ investment in new energy technology.
The ports of Kotka and Hamina merged their operations seven years ago. This strengthened HaminaKotka’s position as Finland’s largest general port, and now 18 per cent of Finnish exports of goods pass through the port.
Nearly 17 million tonnes of goods leave from or arrive in HaminaKotka this year. The forest industry accounts for approximately 40 per cent of this.
After a long time, investments are also increasing. According to Kimmo Naski, CEO of the Port of HaminaKotka, investments started two years ago.
“At the moment, the ongoing projects include the construction of the largest pulp centre in the Nordic countries in Mussalo, Kotka, and the giant module and LNG projects in Hamina. There is also the Nord Stream 2 gas pipeline project under way in Mussalo, with HaminaKotka as its central port,” says Naski.
The total value of all the investments approaches EUR 200 million. Markus Laakkonen, Finnvera’s Regional Director of Southern Finland, speaks about the rise of traditional industry in Kymenlaakso.
“Even ten years ago, the atmosphere was completely different, with paper mills being closed down. The forest industry has undergone a major transformation. UPM is currently planning to build a new biorefinery in Kotka. Upon realisation, it would be a billion-class project,” notes Laakkonen.
A close-knit network of enterprises has emerged around the Port of HaminaKotka, consisting of enterprises operating in the forest industry, the chemical industry and the energy sector as well as small-scale industry and subcontracting chains.
Merely in the port area, there are approximately 170 enterprises, and the cluster employs, directly and indirectly, 7,000 people. When the forest industry is included, the impact on employment multiplies.
“Subcontracting enterprises have many investment projects under way. Now it’s time to replace machinery and equipment. In addition, the number of transfers of ownership is increasing,” says Laakkonen.
Getting the LNG infrastructure in order
During the past few years, LNG, or liquefied natural gas, has adopted a more prominent role especially in ship traffic. The main owners of the LNG terminal being built in Hamina are Hamina Energy Ltd and the Estonian enterprise Alexela. The terminal supplier Wärtsilä is a minority investor.
Tuomas Haapakoski, Director, Financial Services at Wärtsilä, says that one of the background factors for the popularity of LNG is the fact that emission limits are becoming stricter. A global sulphur limit will enter into force in ship traffic in 2020.
“LNG is also linked with electricity generation and consequently with Wärtsilä’s gas power plants as LNG is storable energy. The role of gas power plants is changing as the share of renewable energy, such as solar and wind power, increases in electricity generation. Renewable energy needs to be complemented with flexible load following power that can be taken into use quickly, using cleanly burning natural gas,” comments Haapakoski.
According to Haapakoski, the terminal includes a 30,000-cubic-metre storage tank where liquefied natural gas is received from a ship. From the terminal, LNG is delivered to clients with lorries and ships or re-gasified and delivered via the natural gas network.
The total terminal investment amounts to approximately EUR 100 million. The Hamina terminal is Wärtsilä’s third LNG terminal project in Finland. The other two are in Tornio and Raahe.
“It’s all about building the basic LNG infrastructure in Finland, a project we want to be involved in. The terminals contribute to Wärtsilä’s strategy of making maritime traffic more environmentally friendly as LNG is low-emission ship fuel. We developed multi-fuel ship engines ages ago, but LNG distribution networks are only just developing,” explains Haapakoski.
The Export Credit Guarantee Act amended – investments in Finland
In financing the terminal investment, Wärtsilä and other owners took advantage of the amendment to the Export Credit Guarantee Act four years ago.
Before the legislative amendment, Finnvera could support Finnish enterprises by granting export credit guarantees and export credits for foreign projects. Now the export credit guarantee can also be granted for domestic projects if the investment promotes exports.
“I believe that this is useful for many enterprises. After all, foreign competitors offer export financing solutions also for projects to be carried out in Finland. It would have been a bad situation indeed if the selection of a domestic supplier had ruled out the opportunity of using export financing for investments in Finland,” notes Haapakoski.
Finnvera’s financial instrument for foreign investments goes by the name of the Buyer Credit Guarantee. It is a security that is granted for a credit received by the buyer and that protects the creditor, usually the bank, from risks related to repayment. Arranging the financing for the buyer helps the Finnish export company to secure the deal.
A similar guarantee arrangement for domestic investments is known as a Finance Guarantee.
“The Hamina terminal is an investment that promotes exports, in particular as LNG becomes more common as ship fuel. HaminaKotka is one of the largest ports in Finland, and it has many export companies as its clients,” says Riitta Leppäniemi, Finnvera’s Finance Manager.
According to Leppäniemi, there have been few financing projects of this kind in the last four years. The best-known of these is the bioproduct mill built in Äänekoski that was a billion-class investment.
Caption: This LNG tanker represents modern maritime traffic. The Hamina terminal is Wärtsilä’s third LNG terminal project in Finland. The other two are in Tornio and Raahe. “It’s all about building the basic LNG infrastructure in Finland, a project we want to be involved in” says Wärtsilä’s Director of Financial Services Tuomas Haapakoski.
Marks KKR’s Third U.S. Industrials Middle-Market Deal This Year
COMMERCE CITY, Colo. & NEW YORK–(BUSINESS WIRE)–Nov. 19, 2018– Global investment firm KKR has entered into an agreement to acquire GeoStabilization International® (“GSI” or the “Company”), a leading provider of geotechnical maintenance services for critical infrastructure across the United States and Canada, from CAI Capital Partners (“CAI”). This transaction marks KKR’s third acquisition of a middle-market business in the industrials sector this year. The transaction, the financial details of which were not disclosed, is being funded through KKR’s Americas XII Fund.
GSI is a leading provider of landslide repair and rockfall mitigation services in the United States and Canada, developing and implementing innovative solutions that remediate geohazards in order to restore the safe operability of impacted infrastructure. The Company has established a strong reputation for its ability to serve as a partner of choice due to its national scale, as well as its integrated design, engineering, and execution capabilities. GSI focuses solely on its core mission of geohazard mitigation, with a passion across all its teammates for developing and installing proprietary solutions that protect people and infrastructure from the dangers of geohazards. Due to GSI’s unique focus, the Company is an innovation leader in its approach of using integrated teams of geologists, geotechnical engineers, and remediation technicians who work hand in hand leveraging proprietary and patented GSI technologies including their Soil Nail Launcher, Biowall System, ScourMicropiles, and SuperNails.
“We are thrilled to work with GSI and its leading management team to build upon the Company’s track record of excellent service in improving the safety of our infrastructure as GSI enters this new chapter,” said Pete Stavros, Member of KKR and Head of KKR’s Industrials investment team. “We have been particularly impressed by GSI’s long track record of strong organic growth, which we attribute to the Company’s innovative technology offerings, focus on customer service and responsiveness, and strong leadership under CEO Colby Barrett and his team. Given the importance of GSI’s many employees to the Company’s success, in partnership with Colby, we plan to implement a broad-based employee ownership and engagement model at GSI, similar to what we have done at our other industrials portfolio companies.”
Colby Barrett, GSI CEO, said, “We are very excited to work with KKR as we enter this new phase of our growth. KKR shares our vision for a strong, employee-focused culture, our relentless focus on safety, and our enthusiasm to invest in innovation to deepen our service capabilities and even better serve our customers across markets. We would also like to thank CAI for the support they have provided, which has helped us to build this current foundation upon which we will continue growing.”
Over the past seven years, KKR’s Industrials team has focused on employee engagement as a key driver in building stronger businesses. The cornerstone of the strategy has been to allow all employees to take part in the benefits of ownership by granting them the opportunity to participate in the equity return directly alongside KKR. KKR also supports employee engagement by investing in training across multiple functional areas, driving improvements in worker safety and by partnering with the workforce to give back in the community.
This transaction, which is subject to regulatory approvals and other customary closing conditions, is expected to close by year-end 2018. Fully committed financing has been led by lead arrangers UBS Securities LLC and KKR Capital Markets. KKR was advised in the transaction by Kirkland & Ellis LLP. GSI and CAI were advised by William Blair and Perkins Coie LLP.
About GeoStabilization International®
Founded in 2002, GSI is a leading provider of complex geotechnical maintenance services for critical infrastructure across the U.S. and Canada. The company develops and implements innovative solutions that protect from dangers associated with geohazards that have either caused, or have the potential to cause, catastrophic infrastructure failures and significant economic disruption. For more information, please visit www.geostabilization.com.
About KKR
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE:KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.
For more information about KKR’s Industrials team and the employee engagement model please visit the KKR Industrials page on LinkedIn, @KKR_Industrials on Twitter and KKR Industrials on YouTube.
About CAI Capital Partners
CAI Capital Partners is a Vancouver-based private equity firm focused on partnering with and growing founder-owned businesses in the Canadian lower middle market. Over three decades, CAI has invested C$1.4 billion into companies across North America. For additional information about CAI, please visit www.caifunds.com.
Source: KKR
Media
KKR
Kristi Huller or Samantha Norquist, 212-750-8300
media@kkr.com
The stretch from Venjar to Eidsvoll North is nine kilometers and comprises about four kilometers of new track parallel to existing track, and five kilometers of new double track. NJD will be responsible for the works related to track, contact lead, electro, signal and power supply.
Acting CEO, Jan Erik Aas comments: “The contract Venjar – Eidsvoll North will give NJD an all-time-high order back log, reason for continued optimism and a good foundation for achieving our ambitious growth targets.”
