Daily Archives: January 8, 2016

Les actionnaires d’APR Energy donnent leur aval à l’acquisition par un consortium et à la privatisation

JACKSONVILLE, Floride, 8 janvier 2016 /PRNewswire/ — APR Energy plc (la « société ») (LSE : APR), un leader mondial pour les solutions d’électricité rapide, annonce aujourd’hui qu’une offre faite par un consortium d’investisseurs (le « Consortium ») visant l’acquisition de la société a été déclarée inconditionnellement aboutie le 5 janvier. Le Consortium réunit Fairfax Financial Holdings Limited, ACON Equity Management et Albright Capital Management, et apporte un appui financier considérable en faveur des initiatives commerciales de la société, notamment en promettant plus de 200 millions de dollars en nouveaux capitaux propres afin de réduire la dette et d’accroître le capital d’exploitation.

APR Energy.

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« C’est un jalon important dans l’évolution d’APR Energy », explique le directeur exécutif John Campion. « Nous sommes heureux de travailler aux côtés d’un groupe qui comprend véritablement nos activités et notre marché, et qui partage notre vision à long terme. Nos nouveaux investisseurs confèrent une haute valeur stratégique à nos activités, y compris des relations mondiales, une compréhension sophistiquée de la finance internationale et un grand savoir-faire pour les marchés mondiaux de l’électricité. L’importance de leur investissement reflète une foi inébranlable dans nos activités, dans notre marché et notre équipe d’encadrement, et nous pensons qu’ils seront d’excellents partenaires à l’heure où nous développons la société et continuons de desservir notre clientèle mondiale en pleine expansion.

« Cette transaction nous rend manifestement plus forts, et nous permettra de rembourser notre dette, d’accroître notre capital d’exploitation et d’appréhender le long terme avec une confiance accrue ».

Pour le PDG Laurence Anderson : « Grâce à ces nouveaux partenaires, nous jouirons d’une plus grande flexibilité pour prendre en charge les variations à court terme de notre cycle d’activités tout en restant concentré sur nos objectifs de croissance à long terme. Nous disposerons également de capitaux supplémentaires pour financer des initiatives de croissance ».

Anderson a indiqué que, pendant le processus de transition et la période qui suivra, « nos clients, partenaires et fournisseurs peuvent être certains que nous continuerons de développer notre service à la clientèle, qui est déjà de haut niveau, de stimuler l’excellence opérationnelle et de proposer de l’électricité fiable et essentiel à travers le monde ».

A propos d’APR Energy

APR Energy est le premier fournisseur mondial d’électricité rapide par turbines mobiles. Nous fournissons de l’électricité rapide à grande échelle, offrant à nos clients un accès rapide à une source d’électricité fiable quand et où ils en ont besoin, et pour aussi longtemps qu’ils en ont besoin. Combinant une technologie de pointe, économe en carburant, à une expertise sans égal, nous fournissons des usines électriques clés en main au service des villes, des pays et des industries à travers le monde, tant sur les marchés développés que sur les marchés en voie de développement. Pour de plus amples informations, consultez le site internet de la société : www.aprenergy.com.

Galerie photos pour la presse

APR Energy Shareholders Approve Consortium Acquisition, Privatization

JACKSONVILLE, Florida, Jan. 7, 2016 /PRNewswire/ — APR Energy plc (the “Company”) (LSE: APR), a global leader in fast-track power solutions, announces today that an offer by a consortium of investors (the “Consortium”) to acquire the Company was declared unconditionally successful on 5 January. The Consortium comprises Fairfax Financial Holdings Limited, ACON Equity Management and Albright Capital Management, and brings substantial financial backing to support the Company’s business initiatives, including committing more than $200 million in fresh equity capital to reduce debt and increase working capital.

APR Energy.

Logo – http://photos.prnewswire.com/prnh/20120207/FL48583LOGO

“This is a significant milestone in the evolution of APR Energy,” said Executive Chairman John Campion. “We are pleased to be working alongside a group that truly understands our business and our market – and that shares our longer-term vision. Our new investors bring significant strategic value to our business, including global relationships, a sophisticated understanding of international finance and extensive experience investing in global power markets. Their significant investment reflects a strong belief in our business, our market and our management team, and we expect them to be great partners as we grow the Company and continue to serve our expanding base of global customers.

“This transaction clearly makes us stronger, and will pay down debt, increase working capital and enable us to approach the longer term with renewed confidence.”

Chief Executive Officer Laurence Anderson said, “With these new partners, we will have greater flexibility to manage through the short-term variations in our business cycle while staying focused on our longer-term growth objectives. We also will have access to additional capital to fund growth initiatives.”

Anderson said that during the transition process, and afterward, “Our customers, partners and suppliers can expect us to continue to build upon our already high level of customer service, driving operational excellence and delivering reliable, essential electricity around the world.”

About APR Energy

APR Energy is the world’s leading provider of fast-track mobile turbine power. Our fast, flexible and full-service power solutions provide customers with rapid access to reliable electricity when and where they need it, for as long as they need it. Combining state-of-the-art, fuel-efficient technology with industry-leading expertise, our scalable turnkey plants help run cities, countries and industries around the world, in both developed and developing markets. For more information, visit the Company’s website at www.aprenergy.com.

Press Photo Gallery

EquiSoft acquires Universal Conversion Technologies

Today EquiSoft announced it has acquired Dallas-based Universal Conversion Technologies (UCT). As a result of the acquisition, EquiSoft now offers one of the largest specialized life and annuity services team in North America.

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Since 1994, EquiSoft has offered core integration services for life, annuity and health insurers and wealth management companies. EquiSoft is also a Specialized System Integrator for Oracle Insurance Policy Administration. Furthermore, EquiSoft develops and markets InsuranceElements and WealthElements, two front-end applications designed to help insurers differentiate their products through industry-leading illustration and financial needs analysis tools.

Since its inception in 1992, UCT has specialized in data migrations for life and annuity products. Since then, the company has successfully delivered hundreds of migration and consolidation projects employing a unique approach that combines highly skilled industry staff, a proven methodology and unique technology tools.

UCT’s unique data migration technology almost entirely eliminates the risks associated with data migrations and automatically generates the audit reporting needed before moving into production. UCT’s Data Conversion Architect is a comprehensive package of software and tools required to complete the data integration projects, from project planning, data analysis, data scrubbing and cleanup, mapping, data file conversion, to balancing and reconciliation. The system has been used to successfully migrate over 200 systems from over 50 different commercial and home grown systems for over 80 insurance companies. Over the years, UCT has optimized Data Conversion Architect to manage the most complex insurance products in the most complex environments. UCT’s Data Conversion Architect is also licensed to insurers to migrate or consolidate core systems, or to vendors for transformation projects.

While UCT will continue its focus on legacy system consolidation and core system transformation projects, their clients will now also benefit from EquiSoft’s complimentary integration skillsets. EquiSoft’s global offering will also provide stability and new markets to UCT. Also, EquiSoft’s expertise in wealth management solutions will open opportunities to use UCT expertise and technology in the banking and wealth management sectors.

“With the acquisition of UCT, EquiSoft will benefit from the expertise, methodology and technology of the only insurance-specialized data migration integrator in North America. Since the two organizations have already partnered on several conversion projects we know the teams share the same philosophy that the right project team composed of industry experts can reduce risks and costs and accelerate time to market” said Luis Romero, President and CEO of EquiSoft.

“With the working relationship we’ve developed with EquiSoft over the years, we think EquiSoft is the ideal partner for this transaction” said Dan O’Hara, Founder and CEO of UCT. “We think EquiSoft is a high performance integrator dedicated to customer satisfaction and the best consultants in the insurance space. We remain committed to working seamlessly with the major vendors in this market and look forward to offering our partners and customers the strength of our combined teams. We’re delighted to be part of EquiSoft going forward”.

Sherman & Company LLC served as UCT’s financial adviser on the transaction.

About EquiSoft

EquiSoft specializes in business services and solutions that address the needs of the insurance industry. As a Gold Level Oracle partner and the first and largest Oracle specialized integrator for the Oracle Insurance Policy Administration (OIPA) solution, EquiSoft has deep expertise in processes within new business, underwriting, compensation management, policy service and claims management. EquiSoft is the OIPA integration partner for more than fifteen insurers globally. Also, EquiSoft develops and markets InsuranceElements to support sales illustrations and quoting, electronic application, financial planning and asset allocation, on both web-based and mobile platforms, thus providing solutions that span the complete value chain for life and annuity carriers. EquiSoft has offices in the U.S., Canada, Latin America and South Africa.

About Universal Conversion Technologies (UCT)

Since 1992, UCT has been the leader in the insurance marketplace for data migrations, particularly for life, health and annuity products. UCT is the only North American company dedicated to life insurance data migration projects. UCT conversion tools provide one stop shop for data analysis, conversion, balancing and reporting. R&D in data migration tools for life insurance and annuity policy admin systems for over 20 years has provided UCT a unique competitive advantage for transformation and legacy consolidation projects. With over 80 companies and policy admin vendors and hundreds of insurance companies, UCT has a unique expertise, methodology and technology stack that dramatically reduces the costs and risks associated with data migration projects.

SOURCE EquiSoft Inc.