Issue 2 2020

Acquisition International - Issue 2 2020 5 News : from around the world Establishing a Presence in the Capital hero, the health-tech brand has today acquired the preventative health and vitality company - Revitalise London, which specialises in holistic health, wellbeing and professional coaching. Revitalise London has a strong client base comprising global financial services clients, retail and fashion as well as medical, clinical and professional athletes. Offering a broad range of services including health assessments, NLP coaching and health education delivery, the business was acquired due to the complementary services and strong client base. This is hero’s fourth acquisition since the company was founded in 2018 where its positively disrupting the corporate wellbeing market with its uniquely broad offer, powered by technology. The global wellbeing market is now estimated to be worth $4.7 trillion and is a subject moving up the boardroom agenda; influencing not only HR leaders but chief executives and their boards. hero provides clients with expert-led consultancy and detailed digital insight, together with company specific services and support in helping employers who are keen to drive a culture of wellness across their businesses. hero’s unique and innovative Navigator platform allows clients to focus on small improvements across all types of mental, physical, social and financial health, which in turn supports business and personal performance. Organisations that work with hero report higher participation rates in their health and wellbeing initiatives and strategies - with this more personalised approach, focusing on every aspect of health. The platform also allows this activity to be measured, bench-marked and reported on across the organisation. The ability to personalise health and wellbeing is vital and this is where organisations who recognise this will be the true winners. CEO of hero Joe Gaunt said: “We are excited about this acquisition and kicks off 2020 with a bang for hero. Revitalise London shares the beliefs and ethos of hero in terms of offering a personalised service to clients, which focus on results that you can see and feel. Revitalise London has an impressive client base in London and the South-East and this acquisition will enable hero to further expand our services into this area. We are on a mission to help, support, educate and empower people at every stage of their life to navigate their personal wellbeing journey. We offer a comprehensive solution which provides genuine benefits to the end-user and their organisation. hero offers a unique, agile and responsive service which can transform the corporate wellbeing landscape and enable individuals and organisations to realise their goals.” Founder and Managing Director of Revitalise London, Sue Jones will join the hero group. Sue says: “I was certainly aware of hero within the market and heard a lot of positive comments about the company, so it’s incredible to be joining forces in a bid to make a real difference to the lives of the people we work with. With the support of hero, I will be able to scale more of what we do as well as digitise and measure the offer, which is vital for clients in 2020. The success hero has achieved over the past 18 months has been incredible - a true success story. I am looking forward to working with Joe, the wider hero team and its clients.” This acquisition comes just weeks after hero has launched its first physical Training Club in the heart of Manchester at Angel Gardens, opposite Amazon’s new HQ. For more information about hero please visit www.herowellbeing.com Health-tech specialist hero acquires fourth business as it expands and strengthens its presence in London and South East. Roen Est is a leading Italian manufacturer of heat exchangers and ventilation units for the commercial and industrial segments of the HVACR industry in Europe. Roen Est had € 35 million of revenues in 2019, approximately 400 employees, and two factories across Italy and Slovakia. Since its founding in 1983, Roen Est has been a leader in custom coils and ventilation units across Europe, with approximately two-thirds of its sales occurring outside of Italy. Roen Est natural refrigerant product offering and high-efficiency designs help reduce carbon footprint and combat global warming. “The HVACR industry in Europe presents large opportunities for growth and consolidation,” said Greg Deldicque, Chairman and CEO of CCCHE. “We look forward to working with Roen Est’s strong team to further develop the company, the first of our planned acquisition of three to five companies over the next 24 months, on our way to creating a company with over € 200M in revenues.” CCCHE makes control investments in middle-market European HVACR companies with revenues between € 10 million and € 150 million. Investments span OEM/ manufacturing, service/installation, and wholesale/ distribution companies. It is led by entrepreneur Greg Deldicque, an HVACR industry veteran, and supported by long-time senior advisors Didier Da Costa, Eric Parrot, and Jean-Pierre Xiberras. Aside from Mr. Deldicque and his partners, Italmobiliare S.p.A. and Luca and Alberto Pretto are investors in CCCHE. “CCCHE’s clear focus on HVACR middle-market companies and operational capabilities provide strong benefits to its companies, their management teams, and potential sellers,” Deldicque added. CCCHE welcomes investments in companies at all stages of their business cycles, including business growth, transformations, turn-arounds (including negative EBITDA or free cash-flow), carve-outs and roll-ups. It has strong values and takes a collaborative and ethical approach to all its investments. CCCHE is already in advanced conversations with several other potential acquisitions and welcomes new opportunities. Giovanni Bordin, Roen Est CEO since 2012, stated “With CCCHE begins an exciting phase of evolution and growth. Together, we aspire to grow the company both organically and through acquisitions, leveraging Roen Est’s strong history and customer relationships dating back to its creation in 1983”. Gattai Minoli Agostinelli & Partners acted as advisors to CCCHE. Alantra, and Orrick, Herrington & Sutcliffe, (Europe) LLP acted as advisors to the seller. For more information: https://coldchaincapital.com . CCC Holdings Europe S.p.A. acquires Roen Est S.p.A