Published on 16-Nov-2023

ROSEN Acquired by Partners Group: A New Era of Growth

ROSEN Acquired by Partners Group: A New Era of Growth

ROSEN Group, a global leader in asset integrity services, announced a majority stake acquisition by Partners Group, a leading global private markets firm. Hermann Rosen, the founder of ROSEN, led the transaction, which represents a strategic step in succession planning and a commitment to the business's ongoing expansion and innovation.

Hermann Rosen, in conjunction with Partners Group, has embarked on this transformative journey after a meticulous year-long succession planning process. The transaction underscores dedication to all stakeholders of the company, ensuring stability while advancing ROSEN's technology-empowered strategy, which has consistently delivered strong organic growth.

As part of the succession plan, ROSEN has reorganized its business, separating ROSEN from new ventures, a category encompassing unrelated development projects outside of ROSEN's primary field of operations. The undisclosed purchase price reflects the mutual commitment of both parties to uphold the confidentiality of financial details.

Hermann Rosen, Founder of ROSEN, commented, "After intensive examination of various strategic options, I am excited that we have found the ideal co-owner in Partners Group to continue ROSEN’s unique success story. I will remain a member of the Board of ROSEN but also dedicate myself to writing the next success story with New Ventures outside ROSEN."

Charles Miller-Jones, Managing Director at Partners Group, expressed enthusiasm for the acquisition, stating, "ROSEN represents an opportunity to acquire a vertically integrated technology leader in the specialist sub-sector of asset integrity services. We are excited to partner with Hermann Rosen and the management team to execute our shared value creation plan."

Matthias Riefer, Member of Management at Partners Group, highlighted ROSEN's attractiveness in the Testing, Inspection, and certification sector. "ROSEN has been developing the market for decades through its technological differentiation and customer orientation," he added.

ROSEN, a well-established entity, focuses on a global market encompassing pipelines, storage tanks, and processing facilities. With proprietary diagnostic technologies, a unique data set, and industry-leading software solutions, ROSEN serves a loyal blue-chip client base in over 120 countries. Co-CEOs Erik Cornelissen and Holger Hennerkes will continue to lead the company, ensuring continuity and sustained growth.

Partners Group's collaboration with ROSEN will extend beyond its existing capabilities, venturing into future energy sources and adjacent markets. Key initiatives include investment in technological innovation, R&D, automation, AI-driven data analysis, and operational excellence.

Erik Cornelissen, Co-CEO of ROSEN, emphasized the strategic significance of the partnership, stating, "Together with Partners Group, we will further strengthen our leading competitive position by leveraging and broadening our extensive engineering and field expertise."

Holger Hennerkes, Co-CEO of ROSEN, echoed this sentiment, affirming, "Our customers and employees will significantly benefit from the new long-term strategic opportunities and security that come with the long-term vision and partnership approach of Partners Group."

The transaction, subject to regulatory approvals and customary closing conditions, is expected to be completed in the first half of 2024. Baird is the exclusive financial advisor to ROSEN, and Skadden, Arps, Slate, Meagher & Flom serves as the legal advisor to the company.
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