We do not compromise between positive impact and investment returns.
We back management teams to transform their businesses.
We think creatively and embrace complexity.
We are operational not financial.
We create long-term value through transformation.
What we do
What we like…
The Agilitas team has a diverse set of skills and experience in private equity, M&A, consulting and operations, which allows the firm to make transformational investments. The team represents 13 European nationalities and collectively speaks 15 languages.
Alex Brebbia joined the investment team of Agilitas in 2022. He is involved in overseeing the quality of investment decisions. Alex started his career at PwC and has c. 25 years’ experience in private equity, working on minority and majority investments.
Alex is qualified as a Chartered Accountant and holds a BSc in Engineering from Durham University.
Alison Prout is an ESG Specialist Transformation Consultant at Agilitas, focusing on all aspects of Agilitas’s approach to responsible investment and sustainable value creation.
Alison has over 20 years of experience in the social sector and has worked on a broad range of social, environmental and development opportunities for investor networks, governments, NGOs and UN Agencies such as Ceres, the Institutional Investors Group on Climate Change, the United Nations Environment Programme and the World Wildlife Fund.
Amol Judge joined the investment team of Agilitas in 2020. He started his career in investment banking with Carnegie Investment Bank in Oslo and has been working in private equity since 2017 in Oslo and London.
Amol holds an MBA in Finance from the Norwegian School of Economics (NHH) and a BA in Economics from the University of Oslo. He speaks Norwegian, Danish, Hindi, Punjabi, Swedish, and English.
Anaël Le Youdec joined the investment team in 2019. Anaël started her career in investment banking with JP Morgan in New York and Barclays in London before joining Agilitas.
Anaël holds a MSc in Management from EM Lyon Business School in France and holds a Certificate Program Degree from the University of California Los Angeles. She speaks French, German and English.
Anne-Claire de Pompignan is the Head of Investor Relations. She started her carrier in investment banking with Lehman Brothers. She has over 15 years of private equity and private debt experience, focusing on capital markets and investing private debt in pan-European mid-market buyouts.
Anne-Claire holds a postgraduate degree from University Paris-IX Dauphine. She speaks French, Spanish, and English.
Antoine Rouland joined the investment team of Agilitas in 2018 and has been working in private equity since 2011. Prior to that, Antoine spent four years in the French Army before becoming a Project Manager with Booz & Company.
Antoine trained as an engineer and obtained a Master of Engineering degree from the French Military Academy of Saint-Cyr. He holds an MBA from INSEAD and speaks French and English.
Arnaud Moreels joined the investment team of Agilitas in 2022. Arnaud has been working in private equity since 2014. Prior to that, he spent four years in the investment banking division of JP Morgan in London.
Arnaud holds a Bachelor of Engineering from Université Saint-Louis in Brussels and a Master’s degree from Solvay Brussels School of Economics and Management. He speaks French, Spanish and English.
Britanny Pillikse-Laidsaar joined Agilitas in 2022 as Office Manager and Team Assistant, having gained experience in similar positions in London and Australia prior to joining.
Debojit Mukherjee joined Agilitas as Chief Operating Officer in 2017. He has held similar roles with private equity firms in London since 2009. Prior to that, he spent three years with Carbon Capital Markets, having previously qualified as a Chartered Accountant. He started his career at Barclays Capital.
Debojit holds a BSc in Economics from University College London and is a fellow of the ICAEW. He speaks English and Bengali.
Hamza Ben Abderahmen joined the investment team of Agilitas in 2022. Hamza started his career in investment banking at JP Morgan and has been working in private equity since 2013, with a particular focus on developing geographies and impact investing. Prior to joining Agilitas, Hamza co-founded Si Advisers, a boutique firm focused on growth investments in Africa and the Middle East.
Hamza holds a Master’s degree in Management from ESCP Europe. He speaks French, Arabic and English.
Kevin Iermiin started his private equity career at Agilitas in 2014 as part of the investment team. Prior to joining Agilitas, he held investment banking roles in London and Copenhagen with Gudme Raaschou Investment Bank, Lehman Brothers, Nomura and Merrill Lynch. He also served as a First Lieutenant in the Royal Danish Army.
Kevin holds an MSc in Economics and Business Administration from Copenhagen Business School and speaks Danish, Swedish and English.
Liam Goddard joined the Agilitas investment team in 2016 and has over 15 years of private equity experience. Liam started his career at Accenture as a strategy consultant.
Liam holds an MA in Computer Science from Cambridge University.
Marcus Risland joined the Agilitas investment team in 2022. Marcus started his career in investment banking at Morgan Stanley in New York. Since 2016, he has worked in private equity in New York, Stockholm and London.
Marcus holds a BSc in Finance from Lehigh University in Pennsylvania. He speaks Swedish and English.
Martin Calderbank has been working in private equity since 1995 and is part of the founding team of Agilitas. With more than 25 years of experience in the industry, Martin focuses on the unique attribute of private equity over other equity models: the ability to support strong managers leading their companies through transformational change. Martin is the guardian of the firm’s culture, in particular the alignment of interest between shareholder value and the underlying purpose of the companies backed by Agilitas. Martin also oversees the quality of investment decisions and transformation stewardship.
Martin started his career with McKinsey. He holds an MBA from Harvard Business School, an MA in Mathematics from Cambridge University and an MA in theology from Durham University. He speaks English and French.
Matteo Recchia joined the Agilitas investment team in 2022. He started his career with PwC in Italy before joining a financial advisory firm. He then joined a private equity firm in London in 2016. Matteo was also the CFO of FairConnect Group.
Matteo is a CFA charterholder, a chartered accountant and auditor, and holds an MSc in Corporate Finance from the University of Bocconi. He speaks English and Italian.
Matthias Hansch joined the Agilitas team in 2023 as Head of Transformation with more than 20 years’ experience, working with management teams to deliver sustainable profitability improvements. He started his career at McKinsey, then Alix Partners before turning to Private Equity in Germany.
Mia Sendlbeck joined Agilitas in 2022 as Finance Director with more than 15 years’ experience, including seven years in private equity. Prior to this, Mia held several positions in accounting firms.
Mia has been a member of the Association of Chartered Certified Accountants since 2010. She holds a master’s degree from IFAF and a Bachelor’s degree from The American University of Rome. Mia is fluent in German, Italian and English.
Nadja Goldbach joined the investment team of Agilitas in 2021. Prior to that, she was a management consultant for Kearney in Frankfurt and London, a strategy consultant for Monitor Deloitte and had worked for a technology-focused mid-market private equity firm based in Silicon Valley and London.
Nadja holds a MSc in Development Economics from the London School of Economics and a BA in Economics and Management from the University of Oxford. Nadja speaks German, French, Spanish and English.
Niklas Quadt joined the investment team of Agilitas in 2021. Niklas has been working in private equity since 2018. Prior to that, he worked for management consulting firm Oliver Wyman in London and Munich.
Niklas holds an MBA from London Business School and a BSc in Business Administration and Management from the University of Mannheim in Germany. Niklas is fluent in German and English.
Panos Loizou is a Specialist Transformation Consultant and is part of the founding team of Agilitas. He has held senior non-executive roles in private equity firms since 2000, contributing operational and restructuring expertise. Panos started his career with OC&C and held executive positions at GE and Pepsico.
Panos holds an MBA from IMD Business School and a PhD and BSc in Mechanical Engineering from the University of Manchester Institute of Science and Technology. He speaks Greek and English.
Pedro Cobra joined the Agilitas investment team in 2022 with more than six years’ experience in private equity, mainly focusing on the healthcare sector. Prior to this he held roles at McKinsey & Company and Citi in London and the United States. Pedro started his career at Citi in São Paulo, Brazil.
Pedro holds an MBA from the IESE Business School in Barcelona and a BSc in Production Engineering from UFSCar in São Paulo, Brazil. He speaks Portuguese, Spanish and English.
Philip Krinks is an ESG Specialist Transformation Consultant, focusing on all aspects of Agilitas’s approach to responsible investment and sustainable value creation. Prior to Agilitas, Philip spent 15 years at Boston Consulting Group (BCG). He also spent ten years as Director at The Saint Martin’s Partnership helping social enterprises, charities, and public bodies to grow and develop sustainably through expertise in finance, planning, management and organisation.
Philip holds an MA in Classics from Oxford, an MBA from INSEAD and a PhD in Ethics from London University.
Saad Akram is a Specialist Transformation Consultant at Agilitas focusing on sourcing and executing acquisition and financing opportunities within portfolio companies. Previously he held investment banking roles at HSBC, Merrill Lynch and Barclays, and started his career as an engineer at Nokia.
Saad holds an MBA from The University of Chicago Booth Business School and an MSc in Engineering from the Technical University of Denmark. He speaks both Danish and English.
Sam Berry joined Agilitas in 2022 as Finance Manager. Before that, Sam spent six years with PwC.
Sam is a member of the Association of Chartered Certified Accountants and holds a Diploma of Higher Education in General Engineering from Durham University.
Sandra Jacobsson is a team assistant. Before joining Agilitas in 2019, Sandra worked in sales and administrative positions within the fashion and technology industries.
Sandra speaks Swedish and English.
Tobias joined the investment team of Agilitas in 2019. He started his private equity career in 2009 in Germany and has been focusing on corporate carve-outs and operational improvement .
Tobias holds a MSc in Business and Finance from the Ludwig Maximilian University of Munich. He is fluent in German and English.
Torbjorn Midsem is part of the founding team of Agilitas and has more than 20 years of private equity experience, having worked in London and Stockholm. Torbjorn is mainly involved in overseeing Agilitas’s private equity investment activities and portfolio stewardship.
Torbjorn holds an MSc in Economics and Business Administration from NHH (Norway) and speaks Norwegian, Danish, Swedish, and English.
Verdeep Dost joined the investment team of Agilitas in 2021. He has been working in private equity since 2007 with a focus on the infrastructure and energy sectors.
Verdeep holds a BA in Mathematics from the University of Oxford.
Reconor (formerly known as MH Gruppen) is one of the leading environmental services companies in Denmark, with a focus on the Copenhagen area. It is active in soil remediation and the collection, sorting, treatment and recycling of waste.
Soil Remediation is highly regulated in Denmark. Only companies with accredited sites at the right locations can provide these services. Underlying market growth driven by increasingly stringent regulation, higher recycling rate and pipeline of publicly-funded infrastructure construction projects.
Replicate unique business model and position achieved in the Copenhagen area in the rest of Denmark, transforming MH Gruppen into a national champion.
DanOffice is a global value added reseller of Information Technology & Information Systems to international organisations and businesses operating worldwide. It provides IT hardware, services and solutions to international organisations working across borders, including developing and emerging markets.
DanOffice combines a stable and defensible customer base with a know-how for delivery into complex environments and deep supplier relationships, providing a strong platform for broadening the service offering and expanding the customer base.
Continue the development from a value added reseller, mostly focused on selling computer hardware, into a global Information Technology and Communications products and services provider to global clients.
Cibicom (previously Teracom Danmark) is the nationwide transmitter of digital terrestrial TV and radio and the sole independent telecom co-location operator through its tower infrastructure network.
Highly defensible business: reliability of transmission is key, demand is not discretionary, and pricing and competition are regulated by law. Cibicom is the only operator in Denmark with towers higher than 100 meters allowing digital terrestrial TV and radio broadcasters as well as mobile network operators to meet their government mandated universal coverage obligations cost-effectively. Cibicom owns a well-invested national network with significant opportunities for transformation.
Invest in and leverage the infrastructure network to drive growth from the exponential use of data consumption, in particular Data Centres and Internet of Things. Increase service offering.
Learning Curve Group
Learning Curve Group ("LCG") is a leading UK training and education specialist. It provides more than 150 courses for 120,000 learners and 4,500 employers p.a. across a variety of sectors including Health & Social Care, Education, Business & IT, Hair & Beauty and Fitness. It offers life-changing opportunities, helping learners to improve their employability and economic well-being through practical education.
Highly defensible and stable long-term market dynamics have been created as the growing skills gap within the UK labour market causes pressure on the government to support workforce training through increasing funding allocations. The rising level of regulation drives quality, barriers to entry and opportunities for established players such as LCG. The company benefits from a flexible business model between: (i) distance and face-to-face training; and (ii) funding allocations, and has received "Good" or "Outstanding" OFSTED ratings across its business divisions.
Continue to invest in systems and programmes to drive the quality of training up. Develop new initiatives to capture more of the available funding and bring the exceptional education provided by LCG to a wider audience.
Tencate Advanced Armour
Tencate Advanced Armour ("Tencate") is a global provider of lightweight, mission critical survivability and protection solutions for people working in hostile environments. Its portfolio of bespoke, highly engineered products covers personal protection as well as applications for land vehicles, aircraft and naval vessels, protects and saves soldiers' and law enforcement personnel's lives.
Tencate operates in the highly regulated survivability solutions industry with strong barriers to entry from required certifications. It has a unique market position as a transatlantic, independent global provider. Its facilities in Denmark, France and the United States hold individual certifications and national security clearances, making Tencate a strategic partner to the world's leading Original Equipment Manufacturers (OEMs), military and law enforcement agencies. With more than 30 years of experience in lightweight composite armour, Tencate is one of the only vertically integrated armour solutions providers with the ability to develop, test and manufacture products in-house.
Diversify key revenue lines and drive geographical expansion to provide even better protection for people working in hostile environments around the world. Implement further operational improvements.
Frontier Medical Group
Frontier Medical Group is a leading international designer and manufacturer of skin and wound care products, in particular ulcer prevention products, used by acute and community healthcare providers. The company’s focus on providing high-quality and clinically effective products reduces patients’ pain and discomfort, reduces time spent in treatment, and lowers the overall costs incurred by the healthcare system by preventing issues before they occur.
The skin and wound care sector has positive market dynamics, in particular due to the increasing demand for products that address issues related to ageing populations and rising rates of obesity. It enjoys significant defensibility, with positive regulatory forces and high barriers to entry, which have been enhanced by the European Medical Device Regulation. Frontier Medical Group has over 24 years' experience designing, and manufacturing clinically proven products and recent clinical studies have confirmed Frontier’s products as the gold standard for pressure ulcer prevention.
Expand the product range and increase the geographical reach further to have an even greater positive impact on patient outcomes and help reduce total treatment costs for health service providers.
Prodieco has been a leader in precision engineering for over 60 years, designing, manufacturing, and supplying bespoke precision blister tooling change parts for blister packaging lines for pharmaceutical, animal and consumer health market products globally. Prodieco helps address the growing demand for oral solid dose medication and the related growing regulation around safety. By doing so, it provides safer and more effective ways for patients to take their medication.
Prodieco benefits from positive market dynamics: increasing population, increasing use of medication and growing demand for oral solid dose medication and related blister packaging which support the conservation of drugs. The increasing regulation around pharmaceutical packaging aims to eradicate counterfeits or drug contamination and allows patients to rely on fault-free packaging. Prodieco’s unrivalled engineering expertise from decades of designing and manufacturing precision products equips it with a unique understanding and engineering insight into the best possible tool design for each unique format, where success is dependent on high integrity design and extremely precise manufacturing tolerances.
Implement further improvements to deliver operational excellence. Expand the precision tooling product and customer range to increase safety and efficiency for patients in adjacent sectors such as MedTech or biopharma. Enter new geographies.
Tidalis (formerly Saab AB’s Maritime Traffic Management business) is a leading provider of mission-critical solutions for the global maritime sector. Its technology is used by governmental agencies such as port authorities or coast guards to improve shipping safety and efficiency.
Commercial marine shipping is a strategic part of global trade. The rising digitalisation of the maritime supply chain, regulatory standards, volume and diversity of vessel traffic, are driving the increasing need for reliable software solutions to manage the accrued complexity. Tidalis’s unique technological capabilities are used to operate some of the largest ports in the world, including Hong Kong, Shanghai and Los Angeles, and have enabled the company to build long-standing customer relationships globally.
Focus on maritime software as a standalone company with a dedicated management team. Develop Tidalis’s service offering, expand its global customer base and drive the transition to a SaaS platform.
Sanctuary & Seven Group
www.sanctuarypersonnel.com / www.seven-resourcing.com
Sanctuary & Seven is a specialist recruitment services company that provides essential health and social care staff in the UK and the US. It covers a wide range of placements in the public and private sectors across healthcare, social care and criminal justice sectors.
Sanctuary & Seven is well recognised for its innovative programs that significantly improve outcomes for vulnerable children and young adults. Local authorities and healthcare trusts, as well as private health and social care organisations, who must deliver on their care obligations, view the Group as a trusted long-term service delivery partner, helping them to address their increasing demand for health and social care services despite staffing shortages.
Help the Group develop innovative solutions, new technologies and efficient processes that maximise the positive impact on society. Develop the service offering and support the delivery of essential services.
Aeven (formerly NNIT’s IT infrastructure outsourcing business) specialises in managing customers’ business-critical IT systems, providing full and customised outsourcing solutions including data storage, servers, networks and related advising and support services such as IT consulting services in relation to the cloud transition and cyber defense.
Aeven benefits from the exponential growth in data usage, strong digital transformation tailwinds and the increasing need for adjacent services such as cyber security. Legislation, privacy and security issues in regulated industries drive rising demand for Aeven’s local approach combined with the strategic locations of its data centres. The company’s activities are highly resilient, with embedded long-term relationships with large Danish blue-chip customers including banks and public entities with critical IT requirements.
Drive growth as a standalone company with a dedicated management team. Focus on offering more innovative products and services to a wider range of customers operating in complex environments.
Impetus operates a traditional waste management business, a waste broking business and a small vehicle fleet. It is also the largest landfill operator in the North East, owning and operating two sites.
Highly regulated, resilient and non-cyclical industry. Since 1994, UK government policy has been to divert volumes away from landfill by not licensing new landfills and increasing landfill taxes therefore operators with green solutions for waste are better positioned to secure long term contracts.
Transform business from traditional waste management to green solution for waste.
Ionisos is the leading provider of cold sterilisation services in France and in Spain, serving a wide range of industries including healthcare and pharmaceuticals.
Highly defensible business displaying positive growth prospects. The service supplied is non-discretionary and mission critical to the customers, the cost of which represents a small proportion of the total product cost. Steady underlying market growth driven by regulation and increasing requirements for sterile products.
Transform the French/Spanish national market leader into an international group.
Recover is a leading supplier of Emergency Response and Damage Control services in the Nordic region, serving a wide range of customers, notably Insurance Companies .
Highly defensible business. The mostly non-discretionary need for the Company’s services is triggered by events like water and fire damage, resulting in a stable market with limited cyclicality. 70-80% of the market is served by the top 3 providers. Strong underlying market growth driven by urbanisation, population growth, and increase in property values.
Carve out and integrate the 3 country operations, expand into lateral geographies to create the Nordic market leader
Exemplar Health Care
Exemplar is a leading UK provider of high acuity nursing care services for individuals with complex Physical and Mental Disabilities and Learning Disabilities. The business comprises 25 homes spread over 18 sites across Yorkshire, Humberside, the Midlands and the North West.
There is a growing need for private sector complex care provision in the UK. Exemplar specialises in high acuity residential Service Users for whom the alternative is often long-term hospital care. Providing residential care for complex cases is a highly defensible sector with significant barriers to entry.
Continue to focus on providing excellent quality of care. Support management in the improvement of systems and processes across the group. Provide capital to develop capacity supporting identified local needs.
Hydro International is a leading global provider of advanced products, services and technology for the treatment of wastewater and the control of stormwater, for municipal, industrial and construction customers.
Water management is an area of increasing government focus, as water scarcity grows in importance as a global issue, linked to increased population size, growing urbanisation and climate change. Hydro International is a technology leader in all its niches, and its customers rely upon the Company to improve their water management processes and operational performance, whilst reducing environmental impact. The company has a track record of growth and momentum with attractive financial characteristics, a strong management team and significant opportunities for transformation.
Accelerate the Company’s strategy to become a diversified global leader in its segments, and accelerate growth into services and industrial end markets.
As responsible investors we believe that the consideration of environmental, social and corporate governance factors throughout our investment process and during our stewardship of portfolio companies is both ethically right and fundamental to our investment strategy and to long-term value creation.
As private equity investors, we are in a unique position to help companies deliver a positive impact on society and the environment.
You can download a copy of the Agilitas 2022 Sustainable Value Creation Report here.
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Last updated December 2019