Tuesday 23 November 2021

Pfaffikon

What?! I mean ... what on earth?! WTF?! Etc, etc. 'Boss, come on, stop messing around.' Ha, ha, ha! I'm not messing around, Voice. 'Yes you are.'

'I'll do it kooks ...'

Pfäffikon, Switzerland, 17 November 2021 - Global Investment firm Carlyle (NASDAQ: CG) today announced that it has agreed to acquire AutoForm AG ("AutoForm"), the global leader in engineering software for sheet metal forming simulation, primarily used in the automotive industry, from global private equity firm Astorg. Details of the transaction, which is subject to regulatory approvals, are not being disclosed.

'You see? It's just a harmless PR email.' Yeah, yeah.

 Oh ... no details are being disclosed. Does this mean ... ???

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??? ... ??? ... ???

'The short answer, boss? ... No!' Oh. Shame.

'We have voices!' Yippee.

'Olly? Come on, son!'

Olivier Leteurtre, CEO of AutoForm, says: "We thank Astorg for the successful partnership and their outstanding involvement in Autoform's transformation. We are excited to welcome Carlyle as our new partner. Their extensive understanding of the automotive industry and a breadth of experience in scaling vertical software companies will provide significant support to AutoForm's growth plan, driving the business to consolidate its leading position in sheet metal forming and BiW assembly, globally."

'Nice one! / Benny?'

Benjamin Deshayes, Managing Director leading Technology for the Carlyle Europe Partners advisory team, says: "We have long been attracted to AutoForm's highly differentiated solutions and continuous performance track record. We believe its deeply rooted culture of innovation through sustained R&D investments is a distinctive attribute that positions the Company very well for future growth. This acquisition underpins our strategic commitment to the European technology sector, and we look forward to partnering with Olly and the AutoForm team, leveraging our significant expertise and global network."

'Thanks! / Er ... Waldemar?'

Dr. Waldemar Kubli, Founder of AutoForm, says: "Carlyle will be a great partner to support AutoForm in the next phase of its development. I am thankful for the support provided by Astorg and for the role they played in organizing the management transition I wanted for the business and for which I chose them 5 years ago."

'Five years ago?! Fair enough. / Joel?'

Joël Lacourte, Managing Partner at Astorg and Benoit Ficheur, Partner concludes: "We are proud to have partnered with the AutoForm team, supporting the development and launch of the new BiW assembly solution through a meaningful acceleration of the company's R&D expenditure, reflecting our long-term shareholder perspective. AutoForm is uniquely positioned to support the automotive industry in the light-weighting and electrification of future cars. Given the quality of the team in place and the clear strategy, we are confident that AutoForm will continue on its strong growth trajectory with the support of their new shareholders."

'Okay, okay. Thank you, guys. I hope -' That's enough, Voice. 'But -' Get your own blog.

Unbelievable.

I can't get the staff.

I don't want the staff.

All I wanna do is play me guitar. Do you know what I mean?

ENDS

...

Anything else? Music?

My new song has boosted my songwriting confidence even further. Hopefully, I'll be able to finish the lyric this week. I don't want it dragging on for months, man. It's like something Paul McCartney used to write in The Beatles. Not Yesterday. Not as great as that, BUT(!) ... the level of Here, There and Everywhere ... I would say, yes. Love Is Such a Dream is the same length as that song, faster pace though, and the lyric isn't as "positive" - I'm not a total mug.

Anyway ...

Let's keep on poppin' in the free world!

Laters.