Apollo Names Brian Chu Head of Apollo Portfolio Performance Solutions

Apollo logo

Aaron Miller Named Chairman of APPS, Expected to Retire at End of 2026

NEW YORK, July 07, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Brian Chu has joined the firm as a Partner and Head of Apollo Portfolio Performance Solutions (APPS). In this role, Chu will lead APPS’ mission to deliver strategic and hands-on operational support across Apollo’s private equity portfolio. He will build on the team’s established value creation model, which combines generalist operating partners and deep functional expertise to unlock transformational growth opportunities for Apollo’s funds’ portfolio companies.

Chu brings more than 20 years of experience in operational leadership and private equity to Apollo. He most recently served as Senior Managing Director and co-head of the portfolio operations group at Centerbridge Partners, where he led value creation efforts across a portfolio of approximately 30 companies. His career has been defined by close collaboration with management teams and boards to drive growth and implement organizational change. Prior to Centerbridge, he was an Operating Partner at Bain Capital and has held several senior roles in operations and technology.

Aaron Miller, who led APPS since joining the firm in 2019, will transition to Chairman of APPS. In this role, he will continue to advise on strategic initiatives, work closely with select portfolio companies on high-priority value creation projects and support the continued evolution and expansion of the APPS platform.

“Brian’s exceptional ability to build high-performing operations teams, combined with his disciplined approach to value creation, makes him the ideal leader to continue building upon the strong foundation that Aaron has established and developed,” said Antoine Munfakh, Partner and Head of Private Equity – North America, and Michele Raba, Partner and Head of Private Equity – Europe. “As our industry increasingly recognizes that outperformance will be driven by improving businesses rather than expanding multiples, the role of APPS has never been more crucial. Scaling our APPS platform has been a game changer for our private equity franchise, transforming the way we partner with outstanding management teams to create tangible value at each stage of the investment lifecycle.”

“Apollo has built one of the most effective operating platforms in the industry, known for its deep alignment with management and relentless focus on business transformation,” said Brian Chu. “I’m honored to join this talented team and to carry forward the APPS mission—accelerating growth through investments in technology, talent and commercial excellence. I look forward to expanding our capabilities and helping portfolio companies realize their full potential.”

Miller said, “I’m deeply proud of the culture of innovation, performance and collaboration we’ve built at APPS. Working alongside such a talented group of professionals—and seeing the tangible, lasting value we’ve helped create—has been one of the most fulfilling chapters of my career. I’m excited to support Brian and the team as they take APPS to even greater heights.”

About Apollo Portfolio Performance Solutions (APPS)

APPS supports Apollo funds’ portfolio companies throughout every stage of ownership by leveraging deep expertise across critical functional domains, including digital transformation, AI integration, procurement and supply chain optimization. With a team of 35 full-time professionals—comprising both functional specialists and generalist operators—APPS partners closely with company leadership to implement tailored value creation strategies. Through Value Creation Offices (VCOs), the team works with management to ensure rigorous execution and accountability, driving sustained performance improvements and long-term value.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2025, Apollo had approximately $785 billion of assets under management. To learn more, please visit www.apollo.com.

Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

Categories: People

Lawrence Hasselbaink Joins Globitas as Investment Director

Globitas logo

Amsterdam, 8 July, Amsterdam-based investment firm Globitas Capital is pleased to announce that Lawrence Hasselbaink joined the company as Investment Director as of 1st of July. For the seasoned M\&A advisor and dealmaker, this move marks an important next step in his career.

Lawrence brings over ten years of experience in mergers and acquisitions and is a specialist in initiating, structuring, and executing complex transactions. He combines strategic oversight with a keen eye for detail and has a strong ability to balance the interests of various stakeholders. His people-focused approach—taking the time to understand what drives individuals and teams—sets him apart when navigating complex deals. This makes him a trusted advisor to entrepreneurs, management teams, and investors alike.

Lawrence’s move to Globitas reflects his ambition to contribute more actively to business development. In his new role, he supports management teams in shaping the strategic direction of companies. “Transitioning into a hands-on investment role is a natural next step in my career,” says Lawrence. “I look forward to convincing ambitious entrepreneurs and management teams of Globitas’ approach and applying my experience and expertise to businesses where we can truly make a difference.”

Arthur Clement, Managing Partner at Globitas, adds: “Lawrence is a great addition to the Globitas team. In addition to his impressive M&A track record, he brings the right analytical and interpersonal skills to help drive our growth. We look forward to a successful collaboration.”

Prior to joining Globitas, Lawrence was Vice President M\&A at ING Corporate Finance, where he was responsible for leading transactions and sourcing new deals. Before that, he spent over six years at PwC in various roles across Corporate Finance, Due Diligence, Valuations, and Data Analytics.

Categories: People

TEAM Technologies, an Arlington Capital Partners Portfolio Company, Expands Medical Device Manufacturing Capabilities with Acquisition of Duke Empirical, Inc.

TEAM Technologies, an Arlington Capital Partners Portfolio Company, Expands Medical Device Manufacturing Capabilities with Acquisition of Duke Empirical, Inc.

Washington, D.C. and Knoxville, TN – July 7, 2025 – Arlington Capital Partners (“Arlington”), a Washington, D.C.-area private investment firm specializing in government regulated industries, today announced that its portfolio company TEAM Technologies (“TEAM Tech”), a leading end-to-end outsourced manufacturer of mission-critical medical devices, has acquired another leader in the sector, Duke Empirical, Inc (“Duke”). Based in Morgan Hill, CA., Duke is a leading designer, developer and manufacturer of advanced medical devices for interventional cardiovascular applications. Duke specializes in the design and manufacture of innovative catheters and minimally invasive delivery systems.

TEAM Tech works with blue-chip healthcare customers and medical device OEMs to provide end-to-end outsourced design and manufacturing services for critical medical devices, enabling customers to streamline their supply chains and reduce delivery lead times. With synergistic production capabilities and customer bases, the acquisition of Duke will further complement TEAM’s turnkey offering for healthcare and MedTech OEMs, enabling accelerated manufacturing at scale for complex Class II / III medical devices and delivery systems.

“Our investment in TEAM Tech reflects Arlington’s focus on building businesses that deliver mission critical solutions in complex, regulated end markets. The addition of Duke expands TEAM Tech’s ability to serve leading healthcare and MedTech OEMs in the fastest growing segments of the medical device market, while enhancing its capabilities to develop and manufacture highly advanced devices that support the delivery of life saving medical procedures,” said Matt Altman, a Managing Partner at Arlington Capital Partners.

“When we began our partnership with Arlington, we knew we had an opportunity to accelerate our growth and expand our offerings to best serve our clients,” said Marshall White, President and CEO of TEAM Tech. “Duke adds complementary capabilities and greater capacity to our already robust portfolio of full-service medical device manufacturing solutions, and will enable us to provide a greater breadth of complete solutions for our customer partners, who are doing critical, lifesaving work across the healthcare field.”

“The acquisition of Duke enhances TEAM Tech’s capabilities by furthering its expertise in designing and manufacturing advanced interventional cardiovascular products as well as polymer extrusion,” said Gordon Auduong, Managing Director at Arlington Capital Partners. “We are excited to partner with the exceptional team at Duke to deliver TEAM Tech’s entire portfolio of capabilities to further support our customers’ growth.”

Arlington has an extensive track record of building leading companies in highly regulated industries that are critical to the USA’s healthcare infrastructure, government systems and national security. Within healthcare, Arlington focuses on working with businesses that save lives, improve the delivery of products and services and reduce costs for patients and providers. Other notable recent healthcare sector investments the firm has made include Riverpoint MedicalMillstone Medical OutsourcingGrand River Aseptic ManufacturingEverest Clinical ResearchAfton Scientific and AVS Bio.

Houlihan Lokey served as financial advisor and Goodwin Procter LLP served as legal advisor to TEAM Tech and Arlington Capital Partners.

 

About Arlington Capital Partners

Arlington Capital Partners is a Washington, D.C.-area private investment firm specializing in government-regulated industries. The firm partners with founders and management teams to build strategically important businesses in the healthcare, government services and technology, and aerospace and defense sectors. Since its inception in 1999, Arlington has invested in over 175 companies and is currently investing out of its $3.8 billion Fund VI. For more information, visit Arlington’s website at www.arlingtoncap.com and follow Arlington on LinkedIn.

 

About TEAM Technologies

Headquartered in Knoxville, TN, with facilities throughout the United States and international facilities in Mexico and Singapore, TEAM Technologies is a specialized end-to-end outsourced manufacturer of mission-critical, single-use medical devices. The company has an extensive array of advanced and vertically integrated manufacturing solutions servicing top medical device and pharmaceutical OEMs. With its deep industry experience and reputation for the highest quality standards, TEAM Technologies leverages seamless, turnkey processes and innovation to dramatically simplify and improve its customers’ supply chains. For more information, visit teamtech.com.

 

About Duke Empirical, Inc.

Headquartered in Morgan Hill, CA, Duke Empirical is a leading developer and manufacturer of innovative medical devices focused on advanced catheters and minimally invasive delivery systems. The company specializes in medical device design and development, precision custom extrusion, high performance catheter manufacturing, medical device component assembly, and finished goods assembly and packaging. For more information, visit dukeempirical.com.

 

Contacts

Media Contact

 

Ryan FitzGibbon

Pro-arlington@prosek.com

Categories: News

Tags:

Tikehau Capital raises €1 billion to support Egis’ next phase of growth, with backing from an Apollo S3 / ADIA consortium and Neuberger Berman as co-lead investors

Tikehau

Tikehau Capital, the global alternative asset manager, announces a capital raise for its portfolio company Egis, reaffirming its long-term commitment to supporting the company’s international expansion. This transaction marks the launch of Tikehau Capital’s first private equity continuation fund dedicated to Egis, with a size exceeding €1 billion. The fund aims to support Egis’ growth trajectory and accelerate its global development, particularly through strategic acquisitions. This investment is backed by the second vintage of Tikehau Capital’s flagship private equity decarbonisation strategy, as well as a leading group of investors including as co-lead investors: – – A consortium comprising of Apollo S3 and a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) and Neuberger Berman (managed funds on behalf of clients).

This transaction marks the fourth investment made through the second vintage of Tikehau Capital’s private equity strategy dedicated to decarbonisation. With this transaction, the second vintage has surpassed €2 billion in capital raised, just one year after its first closing, reaching a size 1.5 times larger than its predecessor.

Egis is a global leader in architecture, consulting, engineering, construction and mobility services. The company designs, develops and operates smart infrastructure and buildings that address climate change challenges while fostering more balanced, sustainable and resilient development.

Tikehau Capital initially acquired from Caisse des Dépôts et Consignations (CDC) a control position in Egis in January 2022 through the first vintage of its flagship private equity decarbonisation strategy to support Egis’ objectives of executing strategic acquisitions to expand internationally. Egis exceeded the growth targets it set out in 2022 several years ahead of plan; and since then it has more than doubled its EBITDA and exceeded its revenue targets, with revenue surpassing €2.2 billion in 2024.

The capital raise secured via the continuation fund managed by Tikehau Capital should enable Egis to continue this journey and will support its next growth phase, in which the company aims to double its size by 2028 and further solidify its position as a global leader in the decarbonisation of transport, cities and energy. In addition, as part of this transaction, the continuation vehicle also benefits from additional subscription commitments to support future capital increases, supporting Egis with the necessary financial resources to pursue its successful buy-and-build-strategy. CDC remains a key shareholder to support Egis’ development.

Tikehau Capital’s decarbonization strategy focuses on investing in companies at the forefront of global electrification, resource and energy efficiency, low-carbon solutions and climate adaptation. Through this investment strategy, Tikehau Capital continues to support businesses that play a critical role in meeting the growing global energy demand while reducing the carbon footprint of the economy and enhancing its resilience. Mathieu Badjeck and Pierre Abadie, Co-Heads of Tikehau Capital’s Private Equity Decarbonisation Strategy, and Emmanuel Laillier, Private Equity Chief Investment Officer at Tikehau Capital, declared: “Reinvesting in Egis through our second vintage is a natural step in our mission to back transformative companies driving the decarbonisation of the economy. This next chapter of Egis’ growth promises to be even more ambitious, and we are excited to build on its strong momentum, further scaling its impact worldwide. Over the past three years, Egis’ management has demonstrated outstanding leadership, successfully driving rapid expansion, strategic acquisitions and operational excellence. We are thrilled to continue this partnership as Egis seeks to strengthen its position as a global leader in sustainable infrastructure and low-carbon solutions.” Laurent Germain, CEO of Egis, and Olivier Gouirand, CFO of Egis, said: “We are grateful for the continued support of our shareholder, Tikehau Capital. Since 2022, our journey has demonstrated the full potential of a strong collaboration between Egis’ management and the Tikehau Capital private equity team, helping to transform Egis and strengthen its position among industry leaders. Tikehau Capital’s confidence has enabled us to pursue our ambitious strategic plan, “Impact the Future”, with determination – aiming to join the top 10 construction engineering companies and tackle the challenge of decarbonisation. We welcome Apollo S3, ADIA and Neuberger Berman and appreciate their trust. This transaction reaffirms the relevance of our strategy and our ability to achieve our ambitions together with our 20,500 employees. With future investment commitments, Egis will be able to strengthen its capital base and pursue new strategic M&A opportunities, particularly in North America, where we aim to build a platform that matches the scale of the market.”

ABOUT TIKEHAU CAPITAL Tikehau Capital is a global alternative asset management Group with €50.6 billion of assets under management (at 31 March 2025). Tikehau Capital has developed a wide range of expertise across four asset classes (credit, real assets, private equity and capital markets strategies) as well as multi asset and special opportunities strategies. Tikehau Capital is a founder-led team with a differentiated business model, a strong balance sheet, proprietary global deal flow and a track record of backing high quality companies and executives. Deeply rooted in the real economy, Tikehau Capital provides bespoke and innovative alternative financing solutions to companies it invests in and seeks to create long-term value for its investors, while generating positive impacts on society. Leveraging its strong equity base (€3.2 billion of shareholders’ equity at 31 December 2024), the Group invests its own capital alongside its investor-clients within each of its strategies. Controlled by its managers alongside leading institutional partners, Tikehau Capital is guided by a strong entrepreneurial spirit and DNA, shared by its 750 employees (at 31 March 2025) across its 17 offices in Europe, the Middle East, Asia and North America. Tikehau Capital is listed in compartment A of the regulated Euronext Paris market (ISIN code: FR0013230612; Ticker: TKO.FP). For more information, please visit: www.tikehaucapital.com.

PRESS CONTACTS: Tikehau Capital: Valérie Sueur – +33 1 40 06 39 30 UK – Prosek Partners: Philip Walters – +44 (0)7773331589 USA – Prosek Partners: Trevor Gibbons – +1 646 818 9238 press@tikehaucapital.com Egis : MAYRAND Isabelle – isabelle.mayrand@egis-group.com – +33 6 17 10 29 70 SHAREHOLDER AND INVESTOR CONTACTS: Louis Igonet – +33 1 40 06 11 11 Théodora Xu – +33 1 40 06 18 56 Julie Tomasi – +33 1 40 06 58 44 shareholders@tikehaucapital.com ABOUT EGIS Egis is a leading global architectural, consulting, construction engineering, operations and mobility services firm. We create and operate intelligent infrastructures and buildings that respond to the climate emergency and contribute to more balanced, sustainable and resilient territorial development. Operating in 100 countries, Egis puts the expertise of its 20,500 employees at the service of its clients and develops cutting-edge innovations accessible to all projects. Through its wide range of activities, Egis is a key player in the collective organisation of society and the living environment of citizens all over the world.

DISCLAIMER The strategy mentioned in this press release is reserved for professional investors and is managed by Tikehau Investment Management SAS, a portfolio management company approved by the AMF since 19/01/ 2007 under the number GP-07000006. Non-contractual document intended exclusively for journalists and media professionals. The information is provided for the sole purpose of enabling them to have an overview of the transactions, whatever the use they make of it, which is exclusively a matter of their editorial independence, for which Tikehau Capital declines all responsibility. This document does not constitute an offer to sell securities or investment advisory services. This document contains only general information and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current forecasts, prevailing market and economic conditions, estimates, projections and opinions of Tikehau Capital and/or its affiliates. Owing to various risks and uncertainties actual results may differ materially from those reflected or expected in such forward-looking statements or in any of the case studies or forecasts. Tikehau Capital accepts no liability, direct or indirect, arising from the information contained in this document. Tikehau Capital shall not be liable for any decision taken on the basis of any information contained in this document. All references to Tikehau Capital’s advisory activities in the US or with respect to US persons relate to Tikehau Capital North America.

Categories: News

Tags:

Stonepeak Strengthens Wealth Capabilities with Appointment of Cindy Marrs as Senior Advisor

Stonepeak

NEW YORK – July 7, 2025 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the appointment of Cindy Marrs as a Senior Advisor. In this role, Cindy will leverage her more than 30 years of wealth management expertise and leadership experience to advise the firm and support the continued growth of Stonepeak+, Stonepeak’s dedicated wealth solutions platform.

Cindy joins Stonepeak’s deep bench of Senior Advisors and Operating Partners with three decades of wealth leadership experience at Wellington Management, a $1.3 trillion asset manager, where she most recently served as Partner, Global Head of Wealth Management, and was a member of the firm’s eight-member executive committee. Over the course of her career at Wellington, Cindy built an exceptional track record as a leader and business builder across multiple regions, playing key roles in opening the firm’s London office, overseeing the U.S sub-advisory business, and building the Global Wealth Management business.

“We see a massive opportunity to bring private infrastructure—an asset class defined by its resilience and backed by meaningful global megatrends—to the wealth channel,” said Luke Taylor, Co-President of Stonepeak. “We look forward to benefiting from Cindy’s deep experience, entrepreneurial approach, and invaluable perspective.”

Cyrus Gentry, Managing Director at Stonepeak who leads Stonepeak+, added, “With Cindy’s strategic support, the Stonepeak+ platform will be even better positioned to deliver the benefits of private infrastructure to individual investors, particularly as we continue to scale our offerings and global team.”

“The importance of private infrastructure investment is becoming increasingly apparent, given the tremendous amount of capital needed to sustain and improve the essential services that underpin our daily lives,” said Cindy Marrs. “Stonepeak has distinguished itself as a truly differentiated player in this space through its sector and sourcing expertise, global footprint, focus on downside protection, and operational value-add capabilities. I am thrilled to be working with Cyrus and the rest of the talented Stonepeak+ team to bring the strength of the broader Stonepeak platform to the wealth channel.”

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $73 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

Contacts
Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225

Categories: People

Blackstone Real Estate to Acquire Sunseeker Resort Charlotte Harbor from Allegiant Travel Company for $200 Million

Blackstone

New York & Las Vegas – Blackstone (NYSE: BX) and Allegiant Travel Company (NASDAQ: ALGT) today announced that funds affiliated with Blackstone Real Estate have agreed to acquire Sunseeker Resort Charlotte Harbor from Allegiant for $200 million.

With 785 rooms spanning 22 waterfront acres on the Gulf Coast of Florida, Sunseeker Resort Charlotte Harbor is a brand-new resort with extensive core amenities, including multiple food and beverage concepts, two pools, a spa, a fitness center, a rooftop adult pool and bar, a championship golf course and more than 60,000 square feet of combined indoor meeting space.

Scott Trebilco, Senior Managing Director at Blackstone Real Estate, said: “The acquisition of this brand new, highly-amenitized resort demonstrates our strong conviction in hospitality and travel and the continued growth in group-oriented destinations. Allegiant has built a fantastic property and we look forward to bringing our extensive experience with large scale resorts to Sunseeker.”

“Blackstone’s extensive hospitality holdings and their execution capabilities make them the ideal counterparty for this transaction and also to help realize the full potential of Sunseeker Resort,” said Gregory C. Anderson, CEO at Allegiant Travel Company. “Furthermore, it supports Allegiant’s strategy centered around the airline and we plan to use the proceeds from the sale to repay debt and strengthen our balance sheet.”

Barclays served as financial advisor to Allegiant on this transaction.

The transaction is expected to close in the third quarter of 2025, subject to satisfying customary conditions.

About Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $320 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office and hospitality. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT). Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).

Allegiant – Together We FlyTM
Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with an airline at its heart, focused on connecting customers with the people, places and experiences that matter most. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant serves communities across the nation, with base airfares less than half the cost of the average domestic roundtrip ticket. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF.

Contacts
Jeffrey Kauth
212-583-5395
Jeffrey.Kauth@blackstone.com

Allegiant
702-800-2020
mediarelations@allegiantair.com

Categories: News

Tags:

Gilde Healthcare’s private equity fund combines Artinis and NIRx into a world-leading neuroimaging group

GIlde Healthcare

Gilde Healthcare today announces the combined private equity investments in Artinis Medical Systems (Netherlands) and NIRx Medical Technologies (Germany/United States), both pioneers in functional Near-Infrared Spectroscopy (fNIRS) solutions. This dual transaction brings together two highly complementary companies, establishing a new global leader in fNIRS.

Advancing fNIRS technology
Functional Near-Infrared Spectroscopy is a differentiated neuroimaging technology that offers unique advantages over traditional brain imaging methods such as fMRI and EEG. The technology offers scientists a new perspective on understanding the functions of the human brain, enabling, high-impact, neuroscience research worldwide. With its strong scientific foundation in basic research, fNIRS is increasingly adopted in applied research environments, unlocking its potential in therapeutic areas such as neurodegenerative diseases, mental health, stroke rehabilitation and developmental neuroscience.

Joining forces for innovation
Artinis and NIRx, both recognized as market leaders with superior technology and support, will continue to operate from their current locations and under their existing brand names. The founders and current management teams of both companies remain actively involved. The newly formed group will leverage its complementary product offerings, shared expertise, integrated R&D, and increased scale to accelerate innovation and commercial growth.

The shared vision is to develop the newly formed group in the go-to platform for neuroimaging- and related research tools while driving innovation across (multi-)modalities. The new platform aims to enhance the adoption of fNIRS in applied neuroscience by setting industry standards, and by making the technology more accessible to academic researchers globally. Apart from organic growth, the group will pursue additional add-on acquisitions in line with this vision.

Gilde’s entrepreneurial investment strategy to drive better care at lower cost
This transaction exemplifies Gilde Healthcare’s entrepreneurial investment strategy, which focuses on partnering with founders and managers to accelerate growth and develop organizations in attractive healthcare niches.  The investment via two parallel transactions was executed in a proprietary setting, leveraging Gilde’s own developed investment thesis, broad network and deep expertise in the research tools sector.

By combining Artinis and NIRx, Gilde Healthcare enables the formation of a global market leader with the ability to fuel ground-breaking neuroscience research that addresses the growing complexity and prevalence of brain-related conditions. This ultimately contributes to better care and lower cost for the healthcare system.

Willy Colier, co-founder and CEO of Artinis, commented: “Roeland, my co-founder, and I are proud of Artinis’ journey over the past 24 years. We have built a company known for its great products, fantastic people, and satisfied customers. Joining forces with NIRx is an exciting step that will enhance the value we provide to both our current and future customers. We look forward to this new phase as we leverage our combined scale and expertise, benefiting from the support of Gilde Healthcare. “

Patrick Britz, CEO of NIRx, commented: “Constant innovation has made functional near-infrared spectroscopy a rapidly growing and highly productive solution for neuroscience. Now, with the strong support of Gilde Healthcare, two highly skilled teams, NIRx and Artinis, are joining forces to accelerate these advancements. I am genuinely thrilled about the possibilities this partnership unlocks, fNIRS is just at its beginning.”

Boyd Rutten, Investment Director at Gilde Healthcare, commented: “These parallel transactions are an excellent example of our entrepreneurial investment strategy. By bringing both companies together, we are creating a platform that will lead innovation and makes brain imaging tools more accessible to researchers globally. We want to thank the founders of Artinis and NIRx for their trust and express our excitement about working together going forward.”         

Completion of the transaction is subject to regulatory approval.

About Gilde Healthcare
Gilde Healthcare is a specialized healthcare investor managing over €2.6 billion across two fund strategies: Venture&Growth and Private Equity. The Venture&Growth fund of Gilde Healthcare invests in fast growing companies active in digital health, medtech and therapeutics, based in Europe and North America. The Private Equity fund of Gilde Healthcare participates in profitable lower mid-market healthcare companies based in North-Western Europe. For more information, visit the company’s website at www.gildehealthcare.com.

Categories: News

Tags:

Soltech Energy acquires Sesol, gains Nordic Capital as largest shareholder and presents preliminary figures for April and May

Nordic Capital

As part of the ongoing consolidation of the solar energy industry, Soltech Energy Sweden AB (publ) (“Soltech” or the “Group”) has signed an agreement to acquire 100 percent of the shares in the solar energy company Sesol Group AB (“Sesol”) from Nordic Capital. The purchase price will be paid with newly issued shares in Soltech, which means that Nordic Capital will own approximately 30 percent of the shares in Soltech after the transaction and Nordic Capital will thus become the largest shareholder in Soltech. The acquisition is subject to regulatory approvals and resolutions by an Extraordinary General Meeting in Soltech.

For the full press release, see  https://soltechenergy.com/en/mfn_news/soltech-energy-acquires-sesol-gains-nordic-capital-as-largest-shareholder-and-presents-preliminary-figures-for-april-and-may/

Categories: News

Tags:

Altor invests in IMBOX in partnership with the founder René Marker and the Grundtvig family

Altor Fund VI (“Altor”) has signed an agreement to acquire a majority stake in IMBOX Protection A/S (“IMBOX”) and enter into a partnership with the founder, René Marker, and the Grundtvig family. Altor will support the founder and the company on its continued international growth journey. The founder and the Grundtvig family will remain significant shareholders and continue supporting the development of IMBOX. René Marker will continue in his role as CEO.

Founded by René Marker in 2009 in Denmark, IMBOX is a niche engineering company and a first mover in providing automated footwear protection machines through an equipment-as-a- service model to a wide range of retail customers across both physical stores and e-commerce channels. The company is headquartered in Skødstrup, Denmark where it designs and develops the globally patented technology. IMBOX is currently present in 37 countries and has an installed base of ~9,700 machines in ~8,900 stores. Across its installed base, IMBOX sells one treatment per second, and generates around DKK 1 billion of revenue for retailers.

“We are really excited to hit the ground running with Altor as a partner. We will benefit from their long expertise of helping companies scale internationally and add relevant experience for the next phase of our joint growth journey. Together, we will ensure that more end-users and stores will have access to our offering” says René Marker, Founder and CEO of IMBOX.

Henrik Grundtvig from the Grundtvig family continued, “Early on, we had the opportunity to help bring a Danish innovation to life. Since then, we have built a competitive o`ering with globally patented technologies. We are excited to continue the partnership with René and Altor while still only seeing the beginning of the IMBOX journey”.

“IMBOX is an excellent example of a strong and proven technology built to meet the needs of its industry and customers. We are really impressed by what René and the Grundtvig family have built over the years and look forward to being part of continued growth journey.” says Jens Browaldh, Partner at Altor. “As IMBOX embarks on its next chapter, the company will continue to benefit from René’s leadership and his team’s deep technical and industry expertise, now complemented by Altor’s experience to support accelerated growth. Our ambition is to at least triple the installed base over the next 3 to 5 years,” says Karl Svenningson, Principal at Altor.

Parties have agreed not to disclose the financial details.

About Altor

Since inception, the family of Altor funds has raised more than EUR 12 billion in total commitments. The funds have invested in more than 100 companies. The investments have been made in medium-sized companies predominantly in Nordic and DACH with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Eleda, FLSmidth, Toteme, Silo AI, Marshall and Helly Hansen.

About Imbox

IMBOX develops easy-to-use premium machines for automated footwear protection at the point-of-sale. The product portfolio currently includes two machines; the IMBOX Original and IMBOX Flagship, which has won a Red Dot Design Award. The solution is provided through a hardware-as-a-service revenue-sharing model to omnichannel footwear and sports retailers, department stores and e-commerce shops. IMBOX is headquartered in Skødstrup, Denmark.

Press contact

Karin Åström

Head of Communications

karin.astrom@altor.com

+46 707 64 86 59

Categories: News

Tags:

CapMan Real Estate invests SEK 692 million in 205-unit multifamily housing development in Stockholm

Capman

CapMan Real Estate, through its third value-add fund CapMan Nordic Real Estate III (“CMNRE III”, the “Fund”), has acquired a residential development project comprising 205 rental units in Jakobsberg, Järfälla from JM. The project is expected to be completed in Q4 2027.

Located in a highly attractive micro-location with excellent access to public transportation, the site offers commuting time of under 25 minutes to central Stockholm. The area benefits from strong tenant demand and a limited supply of rental housing. Designed to meet high sustainability standards, the project will feature BREEAM certification, a minimum EPC rating of B, solar panels, EV charging stations, and aims for EU Taxonomy alignment. Tenants will benefit from a range of mobility solutions, including access to carpool, to support sustainable commuting.

“We are pleased to grow our residential portfolio in Greater Stockholm and act on compelling opportunities in the current market. With strong fundamentals and structural supply-demand imbalances, the residential sector remains a high-conviction theme for us. This project is designed to meet the growing need for high-quality, middle-income rental housing in one of Europe’s fastest-growing metropolitan areas,” says Pontus Danielsson, Investment Manager at CapMan Real Estate.

“This acquisition is fully aligned with our strategy of investing in sustainable, well-located residential assets across key Nordic growth regions. With strong local market knowledge and a robust deal pipeline, we are well positioned to continue scaling our residential platform,” adds Marcus Lotzman, Head of Transactions, Sweden at CapMan Real Estate.

The transaction is structured as a forward purchase, with closing expected upon project completion in Q4 2027. It marks the 22nd investment made by CMNRE III.

CapMan Real Estate manages approximately €5.5 billion in real estate assets, with a team of over 80 professionals based in Helsinki, Stockholm, Copenhagen, Oslo and London.

For further information, please contact:

Marcus Lotzman, Head of Transactions, Sweden, +46 70 680 60 81

Pontus Danielsson, Investment Manager, +46 70 385 58 00

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 6.4 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

Categories: News

Tags: