Cubera Private Equity

YOUR NORDIC PRIVATE EQUITY PARTNER

CUBERA JOINS FORCES WITH STOREBRAND

Storebrand creates one of the largest Nordic private equity organizations through the acquisition of Cubera.

The combined unit will count nearly 20 investment professionals and manage more than EUR 3bn. After the merger, Cubera will operate as a boutique under Storebrand Asset Management with relationships to more than 200 funds and 100 managers globally.

- Cubera and Storebrand make a perfect match. Both teams have extensive private equity experience and deep knowledge, but operate in different markets with different investors, says Cubera Managing Partner Kine Burøy-Olsen. Joining forces will strengthen our position, both in the Nordics and internationally. We are proud of what Cubera has achieved so far and look forward to exploring the opportunities arising from this merger.

Cubera has since 2006 offered institutional investors exposure to Nordic private equity, primarily through the secondary market. Storebrand has more than 20 years’ experience with private equity and global investments for Nordic clients.

- We believe this merger combines the better of two worlds: unchanged boutique operation combined with institutional backing. Cubera will continue to operate under the same brand with the same location, same strategy, same focus, and same team. As Cubera partners, we will continue to work for Cubera in unchanged capacities and increase our investments in future funds, Kine Burøy-Olsen continues.

Cubera will form a subsidiary to Storebrand Asset Management and be ringfenced as part of Storebrand’s multi-boutique platform.

- Clients demand broader and more diversified investment offerings, and this positions us more strongly towards alternative investments, says Storebrand EVP Asset Management Jan Erik Saugestad.

The merger will have no impact on strategy, team nor governance for existing Cubera funds.

The transaction is contingent on public and private approvals.

About Storebrand

Storebrand's ambition is to be the best provider of saving for pensions. Storebrand will deliver sustainable solutions adapted to the customer's individual situation, so that each person receives a better pension in a more sustainable world. Storebrand has about 40.000 corporate customers and 2 million individual customers, and has its headquarter at Lysaker outside of Oslo, Norway. Storebrand manages more than NOK 700bn and is Norway's largest private asset manager. We work hard to fulfil our vision: Recommended by our customers. Storebrand (STB) is listed on Oslo Stock Exchange.

Storebrand Investor Relations website: www.storebrand.com/ir

About Cubera

Cubera, established in 2006, advises more than EUR 900 million for an international investor base. The investment activity focuses entirely on investments in Nordic buyout funds. The firm is active in primary fund commitments, secondary acquisitions of fund shares, co-investments and fund restructurings. The professional team has been involved in private equity since the late 1980s and operates out of Oslo and Stockholm.

Cubera website: www.cubera.no

Contact

Kine Burøy-Olsen, Managing Partner. kine@cubera.no T: +47 917 39 693

EQT VI exits Sportradar

EQT VI has entered into a definitive agreement to sell its 35% stake in Switzerland-based Sportradar AG to a consortium consisting of CPPIB (Canada Pension Plan Investment Board) and Silicon Valley-based investor Technology Crossover Ventures (TCV).

EQT first invested in Sportradar in 2012 via the EQT Expansion Capital II fund, which sold its stake to EQT VI in 2014. During this period Sportradar expanded and diversified its product offering by audiovisual services and managed trading services. Additionally, Sportradar entered into exclusive strategic partnerships with all key US sports leagues (NBA, NFL and NHL) as well as UEFA and FIFA,

The transaction is subject to approval from the relevant authorities and is expected to close in Q4 2018.

Eni Norge and Point Resources merge into Vår Energi AS

Italy based energy company Eni and private equity investor HitecVision are merging Point Resources AS into Eni Norge AS, and renaming the company Vår Energi AS. It was only last year that Point Resources acquired ExxonMobil’s operated business in Norway.

The new company will have a total of about 800 employees, including both offshore and onshore staff. The portfolio of the combined company will have a wide geographical coverage, from the Barents Sea to the North Sea, producing around 180,000 barrels of oil equivalent per day this year from a portfolio of 17 producing oil and gas fields. The company will have reserves and resources of more than 1,250 million barrels of oil equivalents.

The combination is subject to customary closing conditions and regulatory approvals and is expected to be completed by the end of 2018.

Axcel sells Lessor to US company Paychex

After 17 months’ ownership, Axcel has sold payroll specialist and HCM software Lessor to US company Paychex (Nasdaq: PAYX), a provider of integrated human capital management solutions for small- to medium-sized businesses.

Lessor provides services under two models – one a software-as-a-service (SaaS) payroll and HCM suite through its Lessor platform and Microsoft Dynamics, and the other a market-leading, do-it-yourself, cloud-based platform operating as Danløn in Denmark and under the following brands elsewhere in Northern Europe: Ilohngehalt (Germany), Norlønn (Norway), and Swelön (Sweden). Lessor is headquartered in Denmark and is currently doing business in Denmark, Sweden, Norway, and Germany.

IK Small Cap sells svt Group to Ergon Capital

IK Small Cap sells passive fire protection expert svt Group to Ergon Capital

svt is the leading company in Passive Fire Protection (PFP) and Restoration Management (RM) in Germany with c. 50 years of experience. In addition, svt offers one-stop-shop services in Restoration Management specialising in fire, water and natural hazard damage restoration as well as pollutant removal.

© Cubera Private Equity 2018