Stockholm, December 20, 2024

Picture from left to right: Rolf Rosenvinge, CEO Foresights; Anna Averud, CEO Truesec Group; Marcus Murray, Founder Truesec.

Truesec announces the acquisition of Foresights, a company specializing in cyber advisory and intelligence.

The combination of Truesec and Foresights will provide decision-makers and organizations with unique insights and tools to manage business risks.

35% of European enterprises will have dedicated budgets for cyber risk mitigation for the first time this year. This trend is driven by increased cyber threats and the need to protect against revenue loss, operational disruption, and reputational damage caused by these threats

Organizations are facing rapidly increased risks due to the current geopolitical landscape, digitization, and maturing cyber threats.

Decision makers are in urgent need of efficient solutions to navigate and mitigate cyber risks. The acquisition of Foresights is a key component in Truesec’s strategy to provide sustainability and resilience to organizations.

Foresights has an impressive track record and unique expertise in the industry. Together, Truesec and Foresights will provide unparalleled insights, advisory, and intelligence to the market.

“The market is seeking executive advisory and intelligence solutions within cyber. Everyone deserves maximum value for their cyber investments. We are very pleased to welcome Foresights to Truesec,” says Anna Averud, CEO Truesec Group.

Foresights’ founder and CEO, Rolf Rosenvinge, adds, “By becoming part of Truesec, we can combine our strategic insights and understanding of business risk with Truesec’s deep technical expertise and extensive knowledge of the cyber threat landscape. This mix will give our customers a true advantage against adversaries”.

The acquisition means that Foresights employees will be integrated into Truesec’s organization, and collaboration between the two companies will begin immediately.

Contacts

Anna Averud 
CEO, Truesec Group
Email: anna.averud@truesec.com 
Phone: +46-70 918 30 48

Jennie Mattar 
CMO, Truesec Group
Email: jennie.mattar@truesec.com 
Phone: +46-72 858 88 78 

Lyon, December 3rd, 2024. Blanchon Group (“Blanchon” or “the Group”) announces the acquisition of Dr Schutz (known under Dr Schutz and Eukula brands), a German family-owned business specialising in the renovation, protection and maintenance of floors, including vinyl, epoxy and wooden floors for commercial and sport segments. For more than 70 years, Dr Schutz has been developing, manufacturing and selling speciality polyurethane systems for heavy renovation of vinyl and epoxy floors as well as flooring care products, dedicated to professional customers.

Supported by IK Partners and Abenex, this acquisition is part of Blanchon Group’s strategy to accelerate international growth and become a European leader in protection, renovation, maintenance and decoration of wood and vinyl flooring and surfaces. With a commercial presence in more than 30 countries and exclusive partners in key regions, Dr Schutz operates from five main sites in Germany, Poland, Switzerland, the UK and USA. These will be added to the well-established Blanchon subsidiaries to broaden the Group’s geographical presence.

This acquisition leverages the complementary combination of the Blanchon and Dr Schutz product lines, their strong brand awareness and their respective client portfolios. It positions Blanchon Group to become the leading floor renovation specialist for professional customers, solidifying its position in the DACH region, the Netherlands and Nordics, amongst others.

The 90 highly skilled employees of Dr Schutz are now joining Blanchon Group’s experienced and multi-functional teams. Dr Karl-Michael Schutz and his top Management remain fully involved in the company and he will take over the overall responsibility for Germany and the vinyl floor renovation business segment.

Guillaume Clément, President and CEO of the Blanchon Group, said: “We are thrilled to welcome Dr Schutz into the Blanchon family. This acquisition is a significant milestone in the Group’s almost 200-year history. Through this acquisition, Germany, the largest flooring market in Europe, will become one of our most important markets, alongside France. A strong team of professionals led by Dr Karl-Michael Schutz are joining us and will ensure our company’s continued development for years to come. The acquisition of Dr Schutz will enable us to provide our customers with a full product range in the flooring segment, including specialty systems for heavy renovation and a full range of wood and vinyl care products. Step by step, we are building a truly international company dedicated to indoor and outdoor surface care. Dr Schutz is a perfect match”.

Dr Karl-Michael Schutz, co-owner of Dr Schutz stated: “We are very pleased to join Blanchon Group. Our motto ‘We care about floors’ fits perfectly with Blanchon’s ethos and we share the same DNA and values. Benefitting from its strong reputation in Europe, as well as its solid R&D expertise, the Group has an offering that is highly complementary to Dr Schutz’s technical product range and value proposition. Joining forces will ensure strong development, benefitting our employees, customers and partners”.

Contact details:
Blanchon Group: Béatrice Gladel, bgladel@blanchon.com
Dr Schutz: Dr Karl-Michael Schutz, kms@dr-schutz.com

Relevant websites: blanchongroup.com; dr-schutz.com; bigler-lacke.swiss;
rigoverffabriek.nl; ciranova.eu; syntilor.com; ikpartners.com; and abenex.com

Renta Group Oy (“Renta Group” or “Renta”) acquires Tunnel Support AS and Tunnel Support Sverige AB (together “Tunnel Support” or “the Company”), from Andersen Mek Verksted AS. Tunnel Support is a rental company offering specialised machinery for tunnelling infrastructure projects across Norway and Sweden. The Company is headquartered in Bergen, Norway.

With the acquisition, Renta significantly strengthens its offering and market position in the tunnelling infrastructure rental segment. Tunnel Support is a growing company with strong profitability and a modern fleet consisting of machines from high-quality OEMs. Renta’s objective, together with the management of Tunnel Support, is to seek further growth in the rental of specialised tunnelling machines, while also capturing cross-selling synergies between the Company and Renta’s general rental operations.

The acquisition was completed on 31 October 2024.

Leif-Martin Drange, Managing Director at Renta Norway, said: “Tunnel Support provides high-quality specialised equipment and has highly skilled employees. I am looking forward to joining forces and combining Tunnel Support’s expertise with Renta’s broad depot network and offering. With the acquisition, we will strengthen our overall market position and be able to provide an even more comprehensive offering to the customers of both companies.”

Kato Stien, CEO of Tunnel Support AS, said: “We are looking forward to becoming part of Renta’s professional organisation. We can utilize our specialised equipment and technical expertise while benefitting from Renta’s broad presence and digital solutions. Together, we will be able to offer a complete solution that will help our customers operate more efficiently and sustainably.”

Enquiries: ir@renta.com

Poortugaal, 29 October 2024 – Yellow Hive, the parent company of You Sure, Felixx® werk & inkomen, Yinco and several other speciality insurance broker brands, takes a significant first step into the German market. The insurance broker and employee benefits advisory organisation announces the acquisition of the German insurance broker FVB, specialised in brokering personal and commercial lines insurances and financial investment products, from HDI Deutschland AG. With the acquisition of FVB, Yellow Hive enters the German market and achieves full national coverage in both Germany and the Netherlands. The structure and management of FVB will largely remain unchanged and its founder, Thomas Schallenberg, will support Yellow Hive Germany as an advisor after closing. Closing is anticipated year-end and subject to German merger clearance. The transaction is intended to boost the growth and further development of Yellow Hive and FVB in Germany, both organically and through further add-on acquisitions.

In April 2024, Yellow Hive refinanced with a significant new commitment from its existing shareholder IK Partners (“IK”) to support the continued growth of the company, not just in specific Dutch regions and niche markets, but also in other European countries such as Germany and Spain. The acquisition of FVB in Germany marks the first major milestone of this growth strategy.  Following IK’s initial investment in 2020 and under the leadership of CEO Ger Knikman, Yellow Hive transformed from a local insurance broker to a national distribution platform and is now entering Germany. Benefiting from scale, the company will make additional investments in innovation and have a stronger ability to negotiate better conditions for its customers.

National coverage with local presence

FVB is a renowned insurance broker with national coverage in Germany. The company strongly believes in the importance of close personal engagement with clients, which allows the affiliated advisors, who are well-acquainted with the regions, to provide the best tailored advice. Yellow Hive sees added value in the extensive product expertise of FVB and the local knowledge of the involved advisors in various regions.

Ger Knikman, CEO and Founder of Yellow Hive, said: “In FVB, we have found a partner that pursues the same objectives in the German market as we do with our own growth targets in the Netherlands. Now that we have shifted our focus to European expansion beyond the Netherlands, FVB fits perfectly within our growth strategy. By partnering with FVB, we will work with true specialists, enabling us to expand Yellow Hive with even more expertise. We can’t wait to start to work together with this experienced team within our organisation.”

Thomas Schallenberg, Founder of FVB and Advisor to Yellow Hive Germany, commented: “Joining forces with Yellow Hive will allow FVB to continue growing as an independent insurance broker. The company has a strong record of building an integrated platform to drive sustained organic and acquisitive growth. We are excited to join forces with the team at Yellow Hive to accelerate growth together and offer a broader spectrum of products and services to our customers.”

Jens Warkentin, CEO of HDI Deutschland AG, added: “We are delighted to have secured a very good new owner for FVB in Yellow Hive. HDI Germany will of course remain present in the broker market and further strengthen exclusive sales partners in future. We have utilised the consolidation efforts in the German market to place FVB in new hands at very good conditions. I would like to thank FVB, especially Thomas Schallenberg and his team, for their commitment to the HDI brand.”  

European expansion

In the upcoming years, Yellow Hive will focus its growth strategy on Germany and Spain. In these countries, Yellow Hive intends to acquire existing service providers, underwriting companies and insurance brokers.

For more information or inquiries regarding this message, please contact:

De Bruijn PR
Marianne de Bruijn
marianne@debruijnpr.nl or 06-14441398

October 15, 2024 – Hastings, UK – Medica Group, the leading provider of telemedicine services, is pleased to announce the appointment of Tom Hargreaves as Chief Financial Officer (CFO). Tom will be joining Medica Group in early 2025.

This strategic leadership appointment strengthens Medica’s executive team following its acquisition by IK Partners.

Tom Hargreaves joins Medica with extensive experience in high-growth technology and business services sectors, most recently serving as CFO of Auction Technology Group (ATG). At ATG, he played a pivotal role in scaling the business from $25 million in revenue to its listing on the FTSE250, delivering substantial returns for private equity investors. Prior to ATG, Tom held leadership roles at Vodafone and Yell UK, where he helped drive significant growth.

With a strong foundation in blue-chip finance and a proven track record of success in private equity-backed environments, Tom brings valuable expertise in scaling businesses, enhancing financial performance and delivering shareholder value. His ability to lead and grow companies in dynamic industries aligns with Medica’s ongoing transformation and growth strategy.

Commenting on his appointment, Tom Hargreaves said:
“I am excited to join Medica at this critical juncture in its growth journey. Having spent seven years at ATG, I am ready for a new challenge and see significant growth potential at Medica. The company’s service model, supported by its dedicated teams, has many parallels to my previous experiences, and I am eager to leverage my expertise in a high-growth environment backed by a highly regarded private equity firm like IK Partners.”

Andrew Cannon, CEO at Medica Group, added:
“We are delighted to welcome Tom Hargreaves to Medica’s leadership team. His impressive track record of delivering results in both technology and service-related organisations makes him an ideal fit for Medica as we continue to drive growth and improve lives through excellence in diagnostics and research”

Medica Group continues to play a key role in the healthcare industry by providing innovative teleradiology services to reduce imaging backlogs, improve clinical outcomes and support healthcare professionals across the UK, Ireland, and the US.

Advania, a portfolio company of Goldman Sachs Alternatives and one of the largest providers of IT services in Northern Europe, has announced the acquisition of CCS Media, one of the largest independent IT solutions providers in the United Kingdom. This acquisition aligns with Advania’s strategic focus on expanding both its footprint and its capability within the UK market. The combination will enable a highly complementary solutions and services offering, providing top tier depth and breadth of expertise across an end-to-end customer-centric offering commensurate with the group’s overall strategy. It will also offer the UK midmarket a much needed fresh and comprehensive approach to IT services from a scaled provider with access to the full resources of Advania. This transaction represents a key milestone in Advania’s broader goal of becoming the leading IT services provider in Northern Europe and will further accelerate the growth of the group.

Key transaction highlights

• Advania has reached an agreement to acquire 100% of the shares in CCS Media from management and employees. The closing of the transaction is expected during the fourth quarter of 2024, subject to regulatory approvals.
• With the acquisition of CCS Media, and the recent acquisition of Servium in the UK, Advania will scale its existing solution operations and strengthen its opportunity to provide a differentiated and comprehensive end-to-end IT services and solutions to customers across the UK, providing a fresh approach for existing and new customer.
• CCS Media is a fast-growing technology and solution specialist delivering IT products, solutions and services to customers across the UK with revenue of GBP 280m / SEK 3.8bn.
• Advania is one of the largest independent providers of IT services in Northern Europe, with top tier capabilities across the full range of customer needs. Following the transaction Advania will have a combined revenue of SEK 19bn (GBP 1.4bn) and employ more than 5,000 employees across Northern Europe.
• In the UK Advania is one of Microsoft’s most certified partners and will be able to offer these market leading capabilities to CCS customers in an integrated way.
• The acquisition will now see Advania in the UK employing over 1,500 people at more than 20 locations providing its customers with innovative solutions and flexible procurement options, once the preserve of only the largest enterprises.
• As the tech company with people at heart, Advania will offer even wider opportunities for employees to broaden their career opportunities and thrive in a growth environment.

The acquisition will enable new and existing customers of Advania and CCS Media to access deep and broad expertise within IT-services and to transform core business processes, optimise spend and secure operations through a single service provider. Advania UK’s class leading positioning with Microsoft as a top-tier cloud transformation and AI enablement partner, holding all six cloud solution designations, twelve specialisations and Azure Expert MSP status, combined with CCS Media’s expertise on the provision, supply, implementation and support of the broadest range of technology products offers customers a complete portfolio for digital transformation services backed by comprehensive service experience and extensive industry accreditations. In 2024 alone CCS Media have won awards from world-leading vendors including Dell, HPE, Lenovo and Logitech.

“I’m very excited to have CCS Media join forces with Advania. CCS has a strong and proven track record of growth, customer relationships and delivering cutting-edge IT solutions across the UK market. Together with the Advania UK operation, we are certain that this investment will further accelerate our growth and elevate our position in the UK market” says Hege Støre, Group CEO of Advania.

“The CCS Media Leadership Team is immensely excited to unite forces with Advania and extend an even greater depth of expertise and services to our loyal customers across the UK. CCS Media was on a journey to develop more comprehensive solution offerings for our customers and the transaction will hugely accelerate this trajectory. This acquisition will also benefit our employees, offering wider opportunities for growth and development at such an exciting time in the industry. Like Advania, people are at the heart of our business and our shared culture and customer centricity was a key driver for the deal to progress. The extensive capability of the combined business, and particularly Advania UK’s class leading partnership with Microsoft, will enable us to address a broader range of customer needs from devices & infrastructure, to strategy, cloud transformation, AI, and managed services” says Terry Betts, CEO of CCS Media

“We and our co-investment partners are very pleased to welcome CCS Media into the fast-growing Advania platform and to support the company in further scaling Advania’s operations and offering. The acquisition of CCS Media will create a differentiated and highly compelling end-to-end proposition for the UK market” says Michael Bruun, Global Co-Head of Private Equity at Goldman Sachs Alternatives.

For more information, please contact: 

Advania AB
Hege Støre, Group CEO
E-mail: hege.store@advania.com 
Phone: +47 901 42 548