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Sizzling Platter Partners with Bain Capital to Drive Next Chapter of Growth

BainCapital

The investment will accelerate Sizzling Platter’s growth in partnership with category-leading restaurant brands

SALT LAKE CITY – July 2, 2025 – Sizzling Platter, LLC (“Sizzling Platter” or the “Company”), a premier restaurant franchise growth platform, today announced that it has partnered with Bain Capital to accelerate its expansion. The investment is being made by Bain Capital North American Private Equity, which is acquiring the business from CapitalSpring. Sizzling Platter will continue to be led by Chief Executive Officer Nathan Garn. Financial terms of the private transaction were not disclosed.

Sizzling Platter was founded in 1963 and has since evolved into one of the largest franchise platforms in North America, operating a portfolio of nationally recognized fast-casual and quick-service restaurant brands, including Little Caesars, Wingstop, Jersey Mike’s, Dunkin’, and Jamba, and employing over 13,000 team members across more than 800 locations in the United States and Mexico.

“This is a pivotal milestone for Sizzling Platter as we look to build on more than six decades of delivering unparalleled experiences for our team members, guests, and brand partners,” said Garn.  “Bain Capital’s extensive experience investing in growing restaurant businesses makes it the right value-added partner to help expand our platform. The extraordinary scale we’ve achieved—and this transaction itself—would not have been possible without the strength, relevance, and enduring appeal of the exceptional brands we are fortunate to grow in. Together, we have an aligned vision on how we can continue to innovate and lead in a rapidly evolving industry.”

“With an exceptional portfolio of category defining brands, deep operational expertise, and a proven track record of profitable growth, we believe that Sizzling Platter is uniquely positioned to continue to scale as a global leader in franchising,” said Adam Nebesar, a Partner at Bain Capital. “We are excited to partner with Nate and the team to build on its strengths and long-term brand partnerships to enhance capabilities and accelerate growth,” added Mark Saadine, a Managing Director at Bain Capital.

“Nate and the Sizzling Platter team have been tremendous partners as we navigated the pandemic and executed on a multi-pronged growth strategy to double the company’s footprint,” said Erik Herrmann, Partner, Head of Investment Group at CapitalSpring, which has owned Sizzling Platter since 2019. “The accelerated growth we achieved working with the management team was driven by a focus on organic growth in our existing brands and investments in the Company’s infrastructure to support new unit development, acquisitions, and the addition of new brands to the platform,” added Kaivon Abrishami,  Managing Director at CapitalSpring.

BofA Securities acted as lead financial advisor, and Kirkland & Ellis LLP acted as legal counsel to Bain Capital. UBS Investment Bank acted as lead financial advisor, and Proskauer Rose acted as legal counsel to Sizzling Platter and CapitalSpring.  Deutsche Bank and North Point also served as financial advisors to Sizzling Platter and CapitalSpring.  UBS Investment Bank, Jefferies, Deutsche Bank Securities, HSBC, BNP Paribas, KKR Capital Markets, Mizuho, RBC Capital Markets, Santander, Stifel, and Wells Fargo Securities provided committed debt financing for the transaction and financial advisory services to Bain Capital.

About Sizzling Platter 
Sizzling Platter is one of the world’s largest and most dynamic restaurant franchise growth platforms. We are proud of our longstanding track record as a trusted growth partner to iconic, category-leading brands. As a people-first organization, our mission is to deliver unparalleled experiences for our team members, guests, and brands.  Relentless focus on our mission continues to fuel our growth.  For more information about the Company, visit www.sizzlingplatter.com

About Bain Capital  
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $185 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

Bain Capital North American Private Equity has deep experience investing in restaurants including prior historical investments in Bloomin’ Brands, Burger King, Domino’s Pizza, and Dunkin’ Brands, and its current investment in Fogo de Chão.

About CapitalSpring 
CapitalSpring is a leading private equity and debt investment firm with deep expertise in foodservice, multi-location business models and related industries. For over 19 years, CapitalSpring has supported entrepreneurs and management teams with financial, operational, and strategic resources to help accelerate growth and to realize the full potential of their businesses. CapitalSpring offers one-stop solutions for a broad range of investments including private equity, mezzanine capital and senior lending. The firm has offices in Nashville, Los Angeles, Atlanta, and New York.

Media Contacts

 Scott Lessne / Charlyn Lusk

 

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EQT Real Estate acquires 2 million square foot logistics portfolio in Northern California’s Central Valley

eqt

Image 4

  • Four-building, Class A industrial portfolio totals 2.04 million square feet in Manteca, California 
  • Located near major highways and an intermodal rail terminal, the properties sit within a mission-critical logistics hub for regional and last-mile distribution
  • Buildings are fully leased to four tenants and offer significant upside from below-market rents and upcoming lease maturities

EQT Real Estate is pleased to announce that EQT Exeter Industrial Value Fund VI has acquired a 2.04 million square foot portfolio of modern logistics facilities in Manteca, California. 

The four Class A buildings are strategically positioned near Interstates 5 and 99, with immediate access to a major Union Pacific intermodal terminal, enabling efficient goods movement across Northern California and the broader West Coast.

The properties are fully leased to four tenants across a diverse set of industries, and with a weighted average lease term of less than three and a half years, the portfolio offers significant near-term opportunity to drive substantial rental growth. The assets are built to modern bulk distribution specifications, including 36-foot clear heights, a mix of cross-dock and single-load configurations, ample trailer and auto parking spaces, and excellent truck maneuverability and circulation.

Located in California’s Central Valley, one of the state’s fastest-growing industrial corridors, the assets benefit from proximity to major population centers and transportation infrastructure. The region is increasingly becoming a location of choice for large-scale distribution due to its connectivity, cost advantages, and expanding labor pool.

Matthew Brodnik, Global Chief Investment Officer at EQT Real Estate, said: “This acquisition reflects our conviction in investing behind well-located, institutional quality logistics assets in dynamic markets. With a strong tenant profile, operational upside and clear growth potential, we’re excited to bring these properties into the EQT Real Estate platform and execute our hands-on, locals with locals approach to value creation.”

EQT Real Estate was advised by Michael Kendall, Michael Goldstein, Gian Bruno and Nick Mascheroni of Colliers.

Contact

EQT Press Office, press@eqtpartners.com

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About EQT Real Estate
EQT is a purpose-driven global investment organization with EUR 273 billion in total assets under management (EUR 142 billion in fee-generating assets under management) as of 31 March 2025, divided into two business segments: Private Capital and Real Assets. EQT supports its global portfolio companies and assets in achieving sustainable growth, operational excellence, and market leadership. Within EQT’s Real Assets segment, EQT Real Estate acquires, develops, leases, and manages logistics and residential properties in the Americas, Europe, and Asia. EQT Real Estate owns and operates over 2,500 properties and 540 million square feet, with over 440 experienced professionals across 50 locations globally.

More info: www.eqtgroup.com

Follow EQT Real Estate on LinkedIn

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Wonderful Raises $34m to Accelerate Enterprise AI Adoption in Non-English Speaking Markets

Index Ventures

Wonderful co-founders Bar Winkler (CEO) and Roey Lalazar (CTO)

QUICK TAKE

  • Wonderful, the agentic AI customer service platform, has raised a $34 million seed round, led by Index Ventures
  • Most AI customer service solutions focus on English-speaking markets, leaving billions of customers underserved across Europe, Asia and the Middle East
  • Founded in 2025 in Tel Aviv by Bar Winkler (CEO) and Roey Lalazar (CTO), Wonderful is already powering hundreds of thousands of customer interactions for 15 market-leading enterprises
  • The team combines exceptional technical depth with unmatched execution – Bar led global expansion at decacorn IronSource before founding and selling Approve.com, while CTO Roey built million-dollar businesses and led elite security teams in the Israeli intelligence service
  • They’re targeting a $200 billion market opportunity by targeting non-English speaking markets

INDEX PERSPECTIVE

By Hannah Seal, Juriaan Duizendstraal

Contact centers around the world are fundamentally broken. Customers face long wait times, limited availability, and often subpar support experiences. AI agents are the natural solution — yet while big tech companies race to perfect AI for English speakers, a massive $200 billion market remains systematically underserved, leaving billions without effective support.

Customer service isn’t one-size-fits-all. Israeli customers expect to interrupt freely, Italian bank clients hang up after five minutes on hold, and Greek callers abandon the line within two. These nuances matter, and most AI providers aren’t equipped to handle them.

Our latest research shows that more companies than ever are born global, expanding internationally from day one. But building truly human-like AI support agents that can operate across languages and cultural contexts has proven elusive. While most vendors stick to the same English-speaking markets, Wonderful is going after everything and everyone else — markets that collectively dwarf the Anglophone world, yet remain largely ignored by B2B software.

Take Israel: enterprises spend over $4 billion a year on customer support for just 10 million people. Scale that across Europe, Asia, and the Middle East, and the opportunity jumps to hundreds of billions. Seizing it requires rare focus and execution — which is exactly what the Wonderful team brings. They operate with a unique blend of obsession, urgency, and speed: a customer call one evening, a working product the next day.

Their AI platform delivers seamless customer interactions across languages — zero wait time, 24/7 availability, and expert-level support via voice, chat, and email. With exceptional fluency and cultural awareness, they’re already transforming the global customer service landscape, powering hundreds of thousands of interactions across telecoms, financial services, and healthcare.

Wonderful is not just fixing broken support — they’re redefining what global customer experience should look like.

THE DETAILS

Wonderful’s strategy involves winning over markets that are highly distributed, versatile, and tough to crack with AI. Built to handle multiple cultural and linguistic nuances, the platform not only dramatically cuts costs, but typically delivers a much better experience for customers too. It can be tailored to work for multiple regulated industries, to integrate with legacy systems, and to connect to internal systems and workflows to allow its agents to understand customer-facing processes. This means corporations no longer need to choose between cutting-edge capabilities and full localization – they get both.

“We looked at the current state of AI and found it unbearable that most of the world will have to wait years for something that can be delivered today,” said Bar Winkler, Wonderful’s Co‑Founder & CEO. “Our strategy is simple: rapidly partner with the top enterprises in each market and build the talent density needed to obsess over delivering an amazing experience for their customers.”

Bar and his co-founder Roey Lalazar (CTO) are exceptional entrepreneurs. Bar was one of the earliest employees for IronSource, an app-scaling business that grew to a $11 billion at its peak, and sold his subsequent business Approve.com for $40M within two years. Roey has been building businesses since age 15 – creating Android apps with millions of downloads, bootstrapping a business to $1M revenue in under 12 months by age 22, and leading an elite unit within Israeli military intelligence.

“Our 2,000 customer service agents handle millions of interactions each month,” said Nir David, CEO of Bezeq, Israel’s largest ISP and telco. “We evaluated over a dozen AI solutions, and Wonderful was the only one that met our bar.”

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Symplr acquires Amn Healthcare’s Smart Square scheduling software, enhancing AI-Driven Workforce Optimization for health systems

Clearlake

Strengthening symplr’s commitment to helping providers optimize staffing, operations, and outcomes

 

HOUSTON – July 2, 2025 – symplr®, a leading provider of enterprise healthcare operations software backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and Charlesbank Capital Partners LLC (together with its affiliates, “Charlesbank”), has acquired the Smart Square® scheduling software from AMN Healthcare (NYSE: AMN).

This strategic acquisition strengthens symplr’s position in healthcare workforce and operations management and further bolsters the symplr Operations Platform by offering a powerful combination of Best in KLAS solutions for nurse and staff scheduling and timekeeping. symplr currently offers one of the most comprehensive people management systems for all roles in healthcare, including provider credentialing, provider directory, physician scheduling, timekeeping, clinical communication, and quality management solutions. Smart Square enhances symplr’s broader suite of workforce and talent solutions by offering a cloud-based SaaS workforce management solution with AI-driven scheduling capabilities such as predictive analytics, real-time staffing adjustments, open-shift management and nurse competency integration. AMN will accelerate its focus on the Workwise platform that includes workforce advisory, planning AI, staffing and analytics solutions.

 

“A critical way for hospitals and health systems to unlock greater value from their technology is to arm them with intelligent, purpose-built solutions,” said BJ Schaknowski, CEO of symplr. “Bringing Smart Square’s AI-driven scheduling engine into the symplr Operations Platform helps us stay ahead of the emerging and dynamic needs of the healthcare workforce.”

 

symplr’s Time and Attendance technology has earned the Best in KLAS category for timekeeping for over two decades, largely due to its ability to manage the healthcare industry’s most complex pay policies. Smart Square was also awarded 2025 Best in KLAS for Scheduling: Nurse & Staff. The solution is a leader in leveraging AI predictive analytics and real-time EMR-driven staffing, highly tailored for complex healthcare environments. With this strategic acquisition, symplr reaffirms its commitment to empowering healthcare organizations with actionable data and technology to create efficiencies, contain costs, and improve patient outcomes.

 

“Advancing our software offerings to further reduce administrative burden and streamline processes is imperative,” said Theresa Meadows, Chief Information Officer in Residence of symplr. “This acquisition deepens our investment in automation and AI, helping healthcare leaders anticipate staffing needs, deploy resources more intelligently to the front lines of healthcare operations, and enhance the user experience.”

 

In addition to the acquisition, symplr and AMN have entered into a commercial partnership that ensures customers get the best of both worlds: symplr’s experience in operational technology and AMN’s leadership in healthcare workforce solutions.

 

“Healthcare organizations are navigating unprecedented workforce complexity. This deal advances our focus on workforce planning, analytics and AI with our WorkWise platform, while seamlessly integrating with our customers’ scheduling and operational tools through strategic technology partnerships like symplr,” said Cary Grace, President and CEO at AMN Healthcare.

 

To learn more about Smart Square, visit www.symplr.com/smart-square.

 

About symplr

symplr is a leader in enterprise healthcare operations software and services with a first-of-its-kind operations platform. Trusted in 9 of 10 U.S. hospitals and 400+ U.S. health plans, symplr optimizes operations and maximizes care powered by our cloud-based workforce, quality, provider data management, and spend solutions. Gain efficiency, reduce complexity, and improve outcomes where it matters most. Learn how to stay ahead of change at www.symplr.com.

 

About AMN Healthcare

AMN Healthcare is the leader and innovator in total talent solutions for healthcare, bringing together the people, processes and technology to deliver better care. Through a steadfast partnership approach, we solve the most pressing workforce challenges to enable better clinical outcomes and access to care. In 2024 our healthcare professionals reached nearly 15 million patients at more than 2,100 healthcare systems, including 87 percent of the top healthcare systems nationwide. We provide a comprehensive network of quality healthcare professionals and deliver a fully integrated and customizable suite of workforce technologies. For more information, visit www.amnhealthcare.com.

 

About Clearlake

Clearlake Capital Group, L.P. is an investment firm founded in 2006 offering integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational approach, O.P.S.® The firm’s core private equity target sectors are technology, industrials, and consumer. Clearlake currently has over $90 billion of assets under management, its senior investment principals have led or co-led over 400 investments, and it has deployed over $57 billion in liquid and illiquid credit investments globally. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland, Luxembourg, Abu Dhabi, UAE, and Singapore. More information is available at www.clearlake.com.

 

About Charlesbank

Based in Boston and New York, Charlesbank Capital Partners is a middle-market private investment firm with more than $15 billion of capital raised since inception. Charlesbank focused on management-led buyouts and growth capital financings, and also engages in opportunistic credit and technology investments. The firm seeks to build companies with sustainable competitive advantage and excellent prospects for growth. For more information, please visit www.charlesbank.com.

 

Media contact

Ashley Richardson
symplr@greenoughagency.com
617-275-6519

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Primesource Brands acquires Fortress Railing Products

Clearlake

Acquisition further strengthens PrimeSource Brands’ market position within the outdoor living segment

 

IRVING, TX, SANTA MONICA, CA, and GARLAND, TX, July 2, 2025 – PrimeSource Brands, a North American provider of specialty branded building products backed by Clearlake Capital Group, L.P. (“Clearlake”), announced today that it has acquired Fortress Railing Products (“Fortress Railing”, or the “Company”), a leading provider of railing systems designed for performance and ease-of- installation. The transaction represents PrimeSource Brands’ ninth acquisition since partnering with Clearlake in December 2020. Financial terms were not disclosed.

Based in Garland, TX, Fortress Railing specializes in designing and distributing customizable steel, aluminum, cable, and glass railing systems, including infills, balusters, handrails, lighting, and accessories.

“Fortress Railing has been a leader in the outdoor living segment for over 20 years, recognized for quality, durability, versatility, and ease of installation. The PrimeSource Brands team is eager to collaborate with management to further develop the current outdoor living portfolio,” said Tom Koos, CEO of PrimeSource Brands. “The Fortress Railing team has developed an impressive assortment of products and intellectual property that complement our existing RailFX, Ultra-Tec, CityPost, and Keylink offerings.”

“The acquisition of Fortress Railing Products represents another successful step forward in our strategy to scale PrimeSource Brands through both organic growth and acquisitions,” said José E. Feliciano, Co-Founder and Managing Partner, and Colin Leonard, Partner, of Clearlake. “As our third acquisition in the railing category, the team is excited to utilize our O.P.S.® playbook to further enhance PrimeSource’s offering within the building products industry.”

Massumi + Consoli LLP provided legal counsel to PrimeSource Brands and Clearlake. Stifel, Nicolaus and Company, Inc. served as the exclusive financial advisor to Fortress Railing Products.

About PrimeSource Brands

PrimeSource Brands is a national provider of specialty branded building products. The Company’s product offering spans more than 95,000 SKUs, including construction fasteners, knobs & pulls, fencing & railing, and functional hardware, among others. PrimeSource Brands operates an expansive footprint, serving over 50,000 customer locations through 64 strategically located sites in 26 states and 2 countries. PrimeSource Brands plays a crucial role for customers who rely on its brand value, breadth of offering and logistics capabilities.

For more information, please visit www.psbrands.com.

 

About Fortress Railing Products

Fortress Railing is a leading designer and distributor railing systems in the U.S. The Company has been in business for over 20 years and maintains a valuable portfolio of intellectual property with 50+ current and pending patents and 12 railing product lines. Fortress Railing has a proprietary manufacturing process for pre-welded, panelized infill systems which help to reduce cost and time to install, while maintaining a high-level of corrosion resistance. The Company serves wholesale, retail and e-commerce distribution channels.

For more information, please visit https://fortressbp.com/railing.

About Clearlake

Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational approach, O.P.S.® The firm’s core target sectors are industrials, technology and consumer. Clearlake currently has over $90 billion of assets under management and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland, Luxembourg, Abu Dhabi, UAE, and Singapore. More information is available at clearlake.com and on X @Clearlake.

Media Contact:
For PrimeSource Brands / Clearlake:

Jennifer Hurson

Lambert by LLYC

+1 845-507-0571

jhurson@lambert.com

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symplr Acquires AMN Healthcare’s Smart Square Scheduling Software, Enhancing AI-Driven Workforce Optimization for Health Systems

Charlesbank

Strengthening symplr’s commitment to helping providers optimize staffing, operations, and outcomes

HOUSTON, TX – July 2, 2025 – symplr®, a leading provider of enterprise healthcare operations software backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and Charlesbank Capital Partners LLC (together with its affiliates, “Charlesbank”), has acquired the Smart Square® scheduling software from AMN Healthcare (NYSE: AMN).

This strategic acquisition strengthens symplr’s position in healthcare workforce and operations management and further bolsters the symplr Operations Platform by offering a powerful combination of Best in KLAS solutions for nurse and staff scheduling and timekeeping. symplr currently offers one of the most comprehensive people management systems for all roles in healthcare, including provider credentialing, provider directory, physician scheduling, timekeeping, clinical communication, and quality management solutions. Smart Square enhances symplr’s broader suite of workforce and talent solutions by offering a cloud-based SaaS workforce management solution with AI-driven scheduling capabilities such as predictive analytics, real-time staffing adjustments, open-shift management and nurse competency integration. AMN will accelerate its focus on the Workwise platform that includes workforce advisory, planning AI, staffing and analytics solutions.

“A critical way for hospitals and health systems to unlock greater value from their technology is to arm them with intelligent, purpose-built solutions,” said BJ Schaknowski, CEO of symplr. “Bringing Smart Square’s AI-driven scheduling engine into the symplr Operations Platform helps us stay ahead of the emerging and dynamic needs of the healthcare workforce.”

symplr’s Time and Attendance technology has earned the Best in KLAS category for timekeeping for over two decades, largely due to its ability to manage the healthcare industry’s most complex pay policies. Smart Square was also awarded 2025 Best in KLAS for Scheduling: Nurse & Staff. The solution is a leader in leveraging AI predictive analytics and real-time EMR-driven staffing, highly tailored for complex healthcare environments. With this strategic acquisition, symplr reaffirms its commitment to empowering healthcare organizations with actionable data and technology to create efficiencies, contain costs, and improve patient outcomes.

“Advancing our software offerings to further reduce administrative burden and streamline processes is imperative,” said Theresa Meadows, Chief Information Officer in Residence of symplr. “This acquisition deepens our investment in automation and AI, helping healthcare leaders anticipate staffing needs, deploy resources more intelligently to the front lines of healthcare operations, and enhance the user experience.”

In addition to the acquisition, symplr and AMN have entered into a commercial partnership that ensures customers get the best of both worlds: symplr’s experience in operational technology and AMN’s leadership in healthcare workforce solutions.

“Healthcare organizations are navigating unprecedented workforce complexity. This deal advances our focus on workforce planning, analytics and AI with our WorkWise platform, while seamlessly integrating with our customers’ scheduling and operational tools through strategic technology partnerships like symplr,” said Cary Grace, President and CEO at AMN Healthcare.

To learn more about Smart Square, visit www.symplr.com/smart-square.

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LumApps and Beekeeper to join forces, creating the leading employee experience platform for the future of work

Bridgepoint
  • Two founder-led category leaders join forces to create the first AI Employee Hub, integrating everything employees need in one place for both desk-based and frontline workers, in a transaction valuing the combined company at over $1 billion.
  • The combined platform will serve over 7 million users across 2,000+ clients, with c. $150m in recurring revenue and a global team of 600+ employees spanning North America, Europe and Asia.
  • With a $10 billion total addressable market growing at 15% annually*, the combined company aims to scale its client base significantly, targeting 100 million users by 2030.

 

LumApps, a global leader in next-generation intranet platforms, has entered into a definitive agreement to join forces with Beekeeper, the leading mobile-first platform for frontline teams. The transaction values the combined company at more than $1 billion and will create the first AI-powered Employee Hub – an all-in-one productivity and communication platform for frontline and desk-based employees.

LumApps specialises in AI-driven intranet solutions for desk-based teams, while Beekeeper focuses on mobile-first frontline workers in industries such as manufacturing, retail and hospitality. Together, they will deliver comprehensive workforce coverage across industries and regions, enabling unprecedented cross-selling, scaled distribution and accelerated innovation.

The combined company will serve over 7 million users across 2,000+ clients in all major industries. With c. $150 million in recurring revenue and a global team of over 600 employees across North America, Europe and Asia – including a fast-growing presence in Japan – the platform is set for accelerated growth.

This move establishes the LumApps Group as the clear leader in the Intranet Packaged Solutions (IPS) market – by revenue, user count, and active licenses, while redefining the category beyond IPS with the industry’s first full employee experience solution catering to both desk-based and frontline employees.

LumApps has accelerated its growth through four strategic acquisitions since 2021, including Novastream, Heyaxel, Vizir and Teach On Mars. This purposeful M&A strategy will remain central as the group continues to evolve and consolidate the market, which is shaped by trends like AI adoption, hybrid work and digital-first communication. With a $10 billion total addressable market growing at 15% annually*, the combined company aims to scale its client base significantly, targeting 100 million users by 2030.

“Beekeeper has built a game-changing platform for frontline employees worldwide, driving engagement and productivity,” said Sébastien Ricard, CEO and Co-Founder of LumApps. “Together, LumApps and Beekeeper will support all employees, everywhere, in this new age of work. I’m thrilled to welcome the Beekeeper team to the LumApps family.”

“LumApps redefined employee engagement through innovation and AI,” said Cris Grossmann, CEO and Co-Founder of Beekeeper. “Both companies share a vision and a passion of empowering employees. This partnership represents a bold move that will transform our industry, putting the success of desk and frontline employees at the center of everything we do.”

“Together, our innovation and integration efforts will deliver a uniquely powerful platform for organisations and their people,” said Elie Mélois, Chief Product & Technology Officer and Co-Founder of LumApps. “We’re pushing the limits of what an intranet platform can achieve, empowering employees in new ways and driving greater innovation for our customers and the industry.”

LumApps has been supported by Bridgepoint, one of the world’s leading quoted private asset growth investors, since 2024.

“We are incredibly proud to back visionary founders like Sébastien, Elie, and Cris as they scale transformative products and build global category leaders,” said David Nicault, Partner & Head of Technology, and Nadia Cid, Director at Bridgepoint. “LumApps and Beekeeper bring together two highly complementary platforms, redefining what’s possible in employee experience technology. With product leadership, AI-native architecture, and global scale, the combined company is ideally positioned to lead a category that’s more relevant than ever, connecting and empowering employees across industries.”

The transaction is subject to customary closing conditions and is expected to complete in July 2025. LumApps will continue to be majority owned by funds managed by Bridgepoint.

LumApps was advised by Deutsche Bank (M&A), EY-Parthenon (Commercial DD and Tech DD) EY (Tax DD), Interpath (Financial DD), Baker McKenzie (Legal & Employment DD) and Latham & Watkins (Legal Advisor)

Beekeeper was advised by William Blair (M&A), EY Switzerland (Financial and Tax DD) and Goodwin Law (Legal Advisor).

 

*As estimated by Bridgepoint.

Bridgepoint Group is one of the world’s leading quoted private asset growth investors, specialising in private equity, infrastructure and private credit.

With over $86 billion of assets under management and a strong local presence in Europe, North America and Asia, we combine global scale with local market insight and sector expertise, consistently delivering strong returns through cycles.

Bridgepoint Advisers Limited, a subsidiary of Bridgepoint Group plc, is authorised and regulated by the Financial Conduct Authority.

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Alantra appoints Alexander Matthes as head of its German investment banking team

Alantra
  • Alexander Matthes brings nearly 25 years of experience, including roles at Vendis Capital, William Blair, and Lazard
  • The appointment marks a key step in Alantra’s plan to grow its presence in the DACH region, targeting 30-35 professionals
  • The appointment comes amid strong momentum in the region, with recent high-quality transactions involving Windstar Medical, Amboss, Rieter, Migros, and Aebi Schmidt

Frankfurt, 2 July 2025 – Alantra, the independent global mid-market financial services firm, has appointed Alexander Matthes as Managing Director and Head of Alantra Germany, starting on October 1st. Based in Frankfurt, he will focus on the Consumer sector and drive the growth of the business. He will also be part of Alantra’s global Consumer team, collaborating across regions to leverage sector expertise and drive cross-border opportunities.

Alexander Matthes brings nearly 25 years of experience across investment banking and private equity, with deep expertise in the Consumer sector. He joins from Vendis Capital, a private equity firm investing in European consumer scale-ups, where he has been a Partner since 2021. Previously, he spent eight years at William Blair, where he led the Consumer & Retail practice in Europe, following earlier roles at Lazard, Dresdner Kleinwort, and Commerzbank.

Philipp Krohn, CEO of Alantra Investment Banking, said: “Germany is a key market in our strategy. Alexander’s track record in the mid-market, his leadership experience, and deep sector expertise in Consumer make him a great fit for our team and the right person to lead our next phase of growth in Germany.”

Michael Maag, Managing Director and Head of Alantra Switzerland, added: “Now is the right time to accelerate growth, as we’re seeing strong momentum across the DACH region. Our ability to combine deep sector expertise with local presence and long-standing client relationships has delivered strong results over the past year.”

Alexander will work closely with Christopher Jobst and Ralf Abele, Managing Directors in Germany, as well as Michael Maag and Martin Gamperl, Managing Directors in Switzerland, to further strengthen Alantra’s presence in the region, with the objective to scale the team to 30-35 professionals.

Alantra’s DACH hub, now comprising five Managing Directors with strong experience in Consumer, Healthcare, Technology and Industrials, has played a central role in several of the firm’s most strategic and cross-border transactions in the past year. These include advising Aebi Schmidt on its public takeover of US-listed Shyft Group, Migros on the sale of Mibelle Group to Persán and Dr. G to L’Oréal, Oakley Capital on the sale of Windstar Medical to Merz Lifecare, Rieter on its €900mn acquisition of Barmag (Oerlikon), Affidea on the acquisition of Uroviva Group, and KIRKBI on its investment in AMBOSS.

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Nordic Capital partners with Arcadia to drive data-focused healthcare innovation

Nordic Capital

Arcadia, a leading healthcare data platform, and Nordic Capital, a premier private equity investor in healthcare and technology today announced a strategic partnership where Nordic Capital will become the majority owner of Arcadia. The partnership will accelerate Arcadia’s mission to transform healthcare to make it sustainable through predictive insights, AI powered analytics, and actionable intelligence.

Arcadia’s platform integrates data from across the healthcare ecosystem and transforms it into insights that generate improved outcomes and quality, increased revenue, and reduced costs for providers, payers, and government organizations. With differentiated access to rich datasets, Arcadia delivers advanced analytics and performance benchmarks that support smarter, faster decision making, benefiting the modern healthcare system.

Nordic Capital brings a proven track record of investing in and scaling high-growth companies within the healthcare and technology space, building sustainable companies that improve the markets in which they operate. With Nordic Capital’s support and deep experience in healthcare technology, services and data-driven transformation, Arcadia will be able to accelerate its expansion and further positively impact healthcare customers in two keys ways. First, by providing a flexible, scalable platform that enables organizations to act on insights and improve both clinical and financial performance; Second, by delivering deeper, more comprehensive data to inform their strategic decisions.

“Nordic Capital’s investment is a powerful endorsement of the strength of Arcadia’s platform and confidence in our ability to deliver value by improving outcomes and reducing costs,” said Michael Meucci, Arcadia’s President and CEO. “This milestone marks a new phase of growth for Arcadia, grounded in the same mission, but with even stronger backing to scale smarter, invest faster, and accelerate innovation to meet the growing demand for data-driven intelligence in healthcare.”

“We are deeply impressed by Arcadia’s innovation leadership in healthcare data,” said Daniel Berglund, Partner and Co-Head of Healthcare, Nordic Capital Advisors. “The Arcadia platform is redefining how healthcare organizations use data to drive efficiency and improve quality. This partnership aligns seamlessly with Nordic Capital’s investment strategy and Nordic Capital is excited to support Arcadia in its next phase of growth.”

The transaction is expected to close in the second half of 2025 subject to customary regulatory approvals and closing conditions. Terms of the transaction were not disclosed.

Lazard acted as exclusive financial advisor to Arcadia and TripleTree acted as exclusive financial advisor to Nordic Capital for this transaction.

Media contacts:

Nordic Capital
Katarina Janerud
Communications Manager, Nordic Capital Advisors
+46 8 440 50 50
katarina.janerud@nordiccapital.com

Arcadia
Drew Schaar
Director, Communications & Content
+1 781 202-3600
 Drew.Schaar@arcadia.io

About Arcadia
Arcadia helps providers, payers, and government organizations transform healthcare data into predictive insights that drive better outcomes, increase revenue, and reduce costs. Its industry-leading platform amasses data from across the healthcare ecosystem and converts it into actionable analytics, AI-driven intelligence, and performance benchmarks, enabling smarter decisions and accelerating impact across the enterprise. National and regional health systems and payers, along with governmental organizations – including Aetna, Cigna, Highmark Blue Cross Blue Shield, Intermountain Health, Ochsner Health, and the State of California – trust Arcadia to operationalize their data and lead the way in data-driven healthcare. Visit arcadia.io for more information.

About Nordic Capital
Nordic Capital is a leading sector-specialist private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and Services & Industrial Tech. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested c. EUR 28 billion in 150 investments. Nordic Capital’s most recent funds are Nordic Capital XI with EUR 9 billion in committed capital and Nordic Capital Evolution II with EUR 2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway, and South Korea. www.nordiccapital.com.

“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures, and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”.

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Rehlko Reaches Agreement to Sell Curtis Instruments to Parker Hannifin

Platinum

Transaction supports long-term growth for both organizations

MILWAUKEE, Wis – June 30, 2025: Rehlko, a global leader in energy resilience, announced today that it has reached a definitive agreement to transition ownership of its Curtis Instruments business to Parker Hannifin Corporation, the global leader in motion and control technologies, for approximately $1 billion in cash. The transaction, which is expected to close by the end of calendar year 2025, reflects Rehlko’s strategic focus on strengthening its core enterprise capabilities and commitment to delivering industry leading energy resilience solutions for our customers.

“Rehlko is proud of the legacy and performance of Curtis as a high-performing, innovation-driven business,” said Brian Melka, President and Chief Executive Officer of Rehlko. “Parker is an exceptional company and we are confident Curtis will thrive from Parker’s increased scale, focus, and investment.”

Rehlko’s decision to transition Curtis aligns with its disciplined portfolio management approach. The move positions both Rehlko and Curtis to pursue independent growth strategies, focused on accelerating innovation and expanding customer impact. Rehlko was acquired by Platinum Equity in 2024.

“We have great respect for Curtis, its leadership team and its innovative products, and we are confident that Parker Hannifin is the right home for the business going forward. Divesting Curtis allows Rehlko to more intensely focus on its core mission to deliver energy resiliency solutions for its customers.”

Jacob Kotzubei, Co-President and Matthew Louie, Managing Director, Platinum Equity

“This transaction is aligned with the long-term electrification secular trend and meets our disciplined financial criteria for acquisitions designed to create shareholder value,” said Jenny Parmentier, Chairman and Chief Executive Officer of Parker. “Curtis adds complementary technologies to our existing industrial electrification platform, better positioning us to serve our customers as they continue the adoption of more electric and hybrid solutions. Rehlko and Platinum Equity have been good stewards of the business and great partners throughout this process. We anticipate a smooth closing and look forward to welcoming the Curtis team.”

Platinum Equity praised the deal and said it’s part of an ongoing strategic process to optimize Rehlko’s portfolio that also includes expected investments in buy-side M&A.

“We have great respect for Curtis, its leadership team and its innovative products, and we are confident that Parker Hannifin is the right home for the business going forward,” said Platinum Equity Co-President Jacob Kotzubei and Managing Director Matthew Louie in a joint statement. “Divesting Curtis allows Rehlko to more intensely focus on its core mission to deliver energy resiliency solutions for its customers. We are working with Rehlko’s CEO Brian Melka and the leadership team to pursue both organic and inorganic growth opportunities that will expand Rehlko’s reach, enhance its capabilities, and reinforce its position as a leader in mission-critical power solutions.”

Until the transaction closes, Curtis will continue to operate as part of Rehlko, with both companies focused on delivering the same high-quality products, services, and support that has defined its market-leading position for over six decades.

BofA Securities, Inc. and Goldman Sachs & Co. LLC are serving as financial advisors and Gibson Dunn & Crutcher LLP is serving as legal counsel to Rehlko. Guggenheim Securities, LLC is serving as financial advisor, Jones Day is serving as principal deal counsel, and Eversheds Sutherland is serving as European legal counsel to Parker.

About Rehlko

A global leader in energy resilience, Rehlko delivers innovative energy solutions critical to sustain and improve life across home energy, industrial energy systems, and powertrain technologies, by delivering control, resilience and innovation. Leveraging the strength of its portfolio of businesses – Power Systems, Home Energy, Uninterruptible Power, Clarke Energy, Curtis Instruments, and Engines, and more than a century of industry leadership, Rehlko builds resilience where and when the grid cannot, and goes beyond functional, individual recovery to create better lives and communities, and a more durable and reliable energy future.

About Parker Hannifin

Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per share paid to shareholders for 69 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. Learn more at www.parker.com or @parkerhannifin.

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