Cubera Private Equity


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.

IK Investment Partners sells its shares in Actic Group AB

IK 2007 has entered into an agreement to sell its shares in Actic Group AB  to nine "high quality" Swedish investors, including Athanase Industrial Partner.

Athanase, Cornerstone investor in the listing of Actic, will through the transaction increase its holding in Actic from approximately 7.9% to 15.4% of the total number of shares outstanding.

After the sale, the IK 2007 Fund, advised by IK Investment Partners, no longer owns any shares in Actic. The IK 2007 fund invested in Actic in April 2013

© Cubera Private Equity 2018