BC Partners is a self-described leading alternative investment manager founded in 1986. BC Partners focuses on private equity, credit, and real estate investments, with networks across Europe and North America.

BC Partners

CHAPTERS Group AG, together with its subsidiaries, provides software solutions in the DACH region. It also provides building cleaning and related services; electronic gate and door systems, as well as barriers, fire, and smoke protection systems; CAD/CAM software solutions; conversation-oriented language courses; communication design degree; pest control services; software solutions to sheet metal processing, property management, property developers, and project development industries, as well as engages in planning, consultation, and construction in the field of refrigeration and air conditioning technology, and air purification. In addition, the company provides software solutions for managing fire brigades, as well as mountain, water, and cave rescues; winKITA software; software for utilities and heating bills for private landlords and property managers; industry solutions for property developers; supplemental alarming solutions for fire brigades, rescue services, and emergency organizations; and corporate and group planning, and business intelligence solutions. Further, it offers enterprise content management software solutions; business management solutions for builders and project developers; solutions for property management companies; orchestra management software; modular software solutions; school administration software; ERP software; broadband networks for municipal utilities, municipalities, and other network owners; technical solutions; and support services for international students and young professionals, as well as imports and distributes cable protection products. Additionally, the company develops and sells software solution for fishing, hunting, and gun license administration; and provides CRM software solution to electricity and gas suppliers, water and energy suppliers, and public service broadcasters. The company was formerly known as MEDIQON Group AG and changed its name to CHAPTERS Group AG in July 2023. CHAPTERS Group AG was founded in 1998 and is based in Hamburg, Germany.

CHAPTERS Group AG

FlatRock Equity is a global permanent capital investor in exceptional private companies.

FlatRock Equity

BC Partners is an international investment firm that offers select, focused investment strategies designed to complement each other and create synergies that benefit our investors.

Founded in 1986 as one of the first pan-European buy-out investors, BC Partners has grown and evolved into a leading alternative investment firm, investing principally in larger businesses in Europe and North America through its established network of offices in London, Paris, Hamburg, and New York. Our strategic offering now includes a European Real Estate Investment platform and a Credit Investment platform that pursues yield and opportunistic investment opportunities primarily in North America.

BC Partners provides a consistent investment approach across its three strategies, utilising rigorous analysis to seek to establish downside protection and identify realistic and meaningful value-add opportunities. Our partnership structure is designed to align the firm’s interests with those of our investors.

Office Depot

Advanced

Altice USA

BDR Thermea Group

GFL Environmental

IMA Group

Keesing Media Group

Fedrigoni

Suddenlink Communications

SYNLAB Group

Teneo

Ares Management

Blackstone Group

BC Partners' Nikos Stathopoulos recently shared his insights on the current exit environment for Private Equity News's latest cover story. 

Read the article to find out more about BC Partners' recent exit momentum, the role of strategic buyers in the current market, and the outlook post-Summer for exits more broadly. 

https://lnkd.in/e6anaAgV

That’s a wrap! Our CEO/CFO Conference has come to a close for another year. Over the last three days, we’ve hosted c.40 senior executives from across the BC Partners portfolio who, along with our outstanding guest speakers and the BC Partners team, shared insights, expertise, and best practices with each other. 
 
This year’s theme was ‘Navigating the Shifting Sands’, and we need to say a special thanks to everyone who helped us explore this topic by sharing their perspectives on stage this year, including Bobby Yerramilli-Rao (Microsoft) and Jens Larsen (Eurasia Group), as well as the many executives from across the BC Partners platform who made the conference so engaging.
 
As always, it is invaluable spending time together, forging connections and sharing ideas for building better businesses. We look forward to the next one!

BC Partners' success in monetizing €9bn of assets over the past 18 months is impressive, especially given the broader slowdown in distributions. As Nikos Stathopoulos said in a recent PEI article: "Everyone, especially LPs, are talking about how DPI is the new IRR." And we couldn't agree more! 

Here are three key DPI-focused analyses you can run on DealEdge to benchmark your deals and provide valuable insights:

🔴 Number of deals by DPI: This analysis allows firms to see a breakdown of the distribution of DPI by various dimensions such as industry and geography. It helps identify which sectors or regions have the largest proportion of good and/or bad deals. 
 
🔴 Deal Landscape: A marimekko chart offering an overview of DPI performance sorted against total invested capital or the count of deals. This type of chart can be used for allocation exercises, exit priorities or sector/fund strategy.
 
🔴 Returns Chart: Comparing DPI across industries, hold periods, entry year, geographies and more. This analysis can help firms gauge the relative performance of their own investments against the market. 

📊 Please note: the data featured in the images is for illustrative purposes only. If you'd like to see one of these charts populated with data you care about (sector, geography, investment year etc.) reach out to the team here ➡  https://lnkd.in/e3Uyv4W7

We're pleased to share that the BC Partners Foundation is partnering with Spread a Smile.

The Foundation's aim is to support the incredible work of Spread a Smile, helping to bring happiness and spread smiles to seriously ill children and their families in hospital.

To kick off the partnership, the BC Partners Central Functions Team recently tapped into their artistic side to help create some beautiful window art to be distributed to Spread a Smile’s NHS hospital partners. The artworks will help to enrich the wards and bring a little bit of joy and distraction to young patients undergoing treatment in hospital.

A team of Spread a Smile artists led the session with passion and expertise, bringing their wealth of personal experience from supporting young patients in hospital. Find out more about Spread a Smile’s amazing work here spreadasmile.org

BC Partners Real Estate (BCPRE) is pleased to announce the start of construction of its development of a new R&D facility for Infineon Technologies in Warstein, Germany. The building will provide state-of-the-art laboratory and office space for up to 500 employees, utilising a flex desk system. The project is expected to achieve a BREEAM Excellent environmental certification, with works scheduled for completion by the summer of 2026.

For 78 years, Infineon has been at the forefront of developing and producing innovative technologies at the Warstein site, meeting the growing demands for energy and mobility. In addition to sustainable product solutions, Infineon is committed to achieving carbon neutrality by 2030. Therefore, the new building will be constructed using a wood-hybrid construction method and a KfW40 energy standard, with a focus on reducing the CO2 footprint.

To learn more about this exciting project, watch the video below.

In the latest Quarterly Credit update from BC Partners’, Mike Terwilliger, CFA and Ted Goldthorpe take a look back at the first quarter of 2024 and explore the outlook for private credit for the year ahead. 

The report covers:
🔘 Why the team views a ‘soft-landing’ in the U.S. as anything but certain 
🔘 The impact of continued muted bank lending, and what this means for the economy
🔘 The expected path for U.S. interest rates in an election year
🔘 The positive signs in the current environment - including plentiful jobs and the potential of artificial intelligence
🔘 And how this all translates into challenges – and opportunities – from an investor standpoint

Click here to read more: https://lnkd.in/eeMYjTqd

Metric
Company Name	BC Partners	CHAPTERS Group AG	FlatRock Equity
Symbol		CHG
MSH ID	COM:BCPARTNERS	COM:CHAPTERSGROUP	COM:FLATROCKEQUITY
Market	PRIVATE	STOCKS	PRIVATE
Sector	Financial Services & Finance	Technology	Financial Services & Finance
Industry	Investment Management	Information Technology Services	Private Equity
Country	GB	DE	AE
Stage
Employee Count	346	700
Website	bcpartners.com	chaptersgroup.com	flatrockequity.com
LinkedIn	bc-partners	chaptersgroupag	flatrockequity
Founders

Metric
Market Cap	507.97M
Enterprise Value
Monthly Web Traffic		48
Web Traffic Growth
Valuation
Raised Capital

Metric
Revenue		74.75M
Revenue (LTM)
Revenue (NTM)
Gross Profit		8.85M
EBITDA		6.72M
Operating Income		-6.43M
Net Income		-4.31M
EPS		-0.24
Diluted EPS		-0.24
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin		0.21
Operating Profit Margin		0.03
EBITDA Margin		0.09
Net Profit Margin		-0.04
Return on Equity		-0.02
Return on Assets		-0.01
Return on Capital Employed		0.01

BCPA

COM:BCPARTNERS

BC Partners

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio		-44.64
P/B Ratio		4.21
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio		7.99
EV Multiple		82.14

Metric
Days Sales Outstanding		31.71
Days Payables Outstanding		12.44
Days Inventory Outstanding		25.91
Operating Cycle		66.86
Cash Conversion Cycle		46.83
Asset Turnover		0.49

Metric
Operating Cash Flow		8.46M
Free Cash Flow		4.71M
Cash Flow to Debt		0.19
Operating Cash Flow/Sales		0.14
Free Cash Flow Yield		0.01

Metric
Cash & Equivalents		53.70M
Accounts Receivable
Inventory		4.19M
Goodwill		105.48M
Debt to Capitalization		0.44
Debt to Assets		0.39
Current Ratio		3.00
Quick Ratio		2.46

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue		0.31
R&D to Revenue
SG&A to Revenue