Issue 3 2020

Acquisition International - Issue 3 2020 5 News : from around the world World Class Filtration Solutions Sweden based premium clean air solutions manufacturer, Camfil AB is pleased to announce the acquisition of Airepure, Australia. This acquisition will help strengthen Camfil’s position as a global leader in air filtration, offering innovative clean air solutions which will benefit our customers across the industry in Australia and New Zealand. Airepure’s addition to the Camfil Group will create a solid foundation for further growth in Australia and serving our customers with world class filtration solutions. Airepure Australia holds a robust position in national air filtration industry by providing unique, powerful and integrated air filtration solutions, ranging from basic HVAC filtration to high end HEPA/ULPA filtration, airborne containment technologies along with NATA testing services. Airepure was part of Elta Group, UK since 2011 and works with same principles of enhancing life through air. Airepure have offices/ agents in all the major cities in Australia including Canberra, Sydney, Brisbane, Townsville, Adelaide, Perth and Hobart with over 70 employees working in the Melbourne headquarter. “Airepure has a strong offering to customers and is a well-run operation with strong capabilities in key areas like testing services, R&D, engineering and customer service. We look forward to joining forces with their team of talented and competent people” said Alan O’Connell, President Asia Pacific at Camfil Group “The Airepure team welcome this acquisition and the opportunity to combine the best of Airepure and Camfil’s people, products and custom engineered solutions to provide quality, purpose built clean air solutions for the Australian market. Both businesses complement each other, and we look forward to embracingg the wealth of opportunity ahead” said Roger Van Oosten – CEO. Market analysts are projecting increase in indoor air pollution levels and rising cases of health issues related to airborne allergens across Australia. The Commonwealth Scientific Research Organization (CSIRO) estimates that the cost of poor indoor air quality in Australia may be as high as $12 billion per year. Together, Airepure and Camfil will continue to provide its solution to specialized applications with need for superior HVAC filtration, molecular contamination and air pollution control solutions that contributes in improving worker and equipment productivity, benefits human health and environment and minimizes energy consumption. Camfil strengthens its position in the Australian market by acquiring Airepure, a leading national air filtration solutions provider. BGF has successfully exited its minority stake in Vysiion Group, a communications infrastructure and outsourced IT service provider. The business has been acquired by Exponential-e, a cloud, network and unified communications company. BGF has backed the Wiltshire-based Vysiion since 2015, following a £4m investment. During this time, revenue and EBITDA have more than doubled, and the exit has delivered a strong return for all shareholders. Founded by serial entrepreneur Bruce Brain, Vysiion Group was set up to create an IT services provider that could take advantage of the large and rapidly growing Public and Private sector market for infrastructure and outsourced IT space. James Austin, an investor at BGF who will step down from the board of Vysiion Group, said: “In Vysiion Group we found a differentiated mid-market player with deep expertise in outsourced cloud services. BGF has delivered a money multiple of c.3x and a strong return for all shareholders. We supported Bruce and team in their first external acquisition creating a group with unique capabilities. Our patient and flexible approach has helped to achieve another milestone in Vysiion’s journey, and it goes to a great home.” Bruce Brain, Chair of Vysiion Group, said: “The investment and support from BGF over the last 5 years has been instrumental in the development of Vysiion, and today’s acquisition by Exponential-e will see the business well placed to further build upon its strategy of utilising its strong reputation within the Utilities market of delivering and supporting Critical National Infrastructure (CNI). I’m very proud of the achievements of this team and I know they will go from strength to strength.” The deal was led for BGF by Fiona Gibson and James Austin. Advisers for the vendors: • Corporate Finance – Isca Ventures (Al Halcrow and Guy Eggleton) • Financial structuring support – Crowe (Mark Allen and Alex Sowerby) • Legal advice – Roxburgh Milkins (Charles Van der Lande and Richard Hopkins) Successful Exit