Archives

Andera Partners announces the signing of an exclusive agreement with Ardian to acquire a majority stake in MasterGrid alongside the Management team

Andera Partners

The Andera MidCap team announces today the signing of an exclusive agreement with Ardian to acquire a majority stake in MasterGrid, a leading provider of maintenance services and manufacturer of equipment for critical electrical infrastructure, notably on the most technical high-voltage segment. The Company’s founders and employees will also significantly reinvest alongside Ardian, which will support the Company to accelerate its growth plans worldwide.

Headquartered in Grenoble and historically a business unit of Siemens, MasterGrid was carved out by Siemens to Andera Partners in 2019. Since then, the Group, which was focused on the manufacturing and maintenance of Merlin Gerin installed base of equipment, has successfully diversified its offering and expanded into 11 new countries both through organic and external growths (7 acquisitions realized since 2020).

Today, MasterGrid operates across three main segments: proprietary services and equipment (manufacturing, spare parts and maintenance), services on third party equipment, and engineering & solutions. The Company mainly provides its services and equipment to power generation companies, transmission & distribution system operators, and private connections for industries and infrastructures.

MasterGrid is ideally positioned in a market driven by key megatrends around the sustainable energy transition, ageing infrastructure, and growing electricity needs. These trends are expected to drive further demand from MasterGrid’s customers, enhancing the Company’s long-term growth prospects.

Ardian’s investment will support MasterGrid’s ambitious growth strategy. With its unique technical expertise and long-standing client relationships, the company plans to capitalize on the expected massive investments in the electricity infrastructures, pursue the diversification in new equipment, and further accelerate its international expansion, particularly in Europe and the Middle East.

The completion of the transaction is subject to the opinion of the Group’s employee representative bodies and the approval of the relevant regulatory authorities.

 

“MasterGrid’s success is a testament to the strength and vision of its management team. Since the carve-out from Siemens in 2019, they have demonstrated exceptional leadership, driving consistent growth and operational excellence. We are proud to support such a talented team and are confident in their ability to lead MasterGrid through its next chapter, as the company continues to capitalize on the opportunities presented by the energy transition.”

  • MAXIME SEQUIER ● MANAGING DIRECTOR EXPANSION, ARDIAN

“We are pleased to become MasterGrid’s new partner and look forward to supporting the Group’s growth journey by leveraging Ardian’s resources, experience and global network, particularly through targeted acquisitions.”

  • ALEXIS LAVAILLOTE ● MANAGING DIRECTOR EXPANSION, ARDIAN

“We are delighted to welcome Ardian as a majority shareholder to support us in the next stages of our development, both in France and internationally. Through our maintenance and retrofitting activities, we contribute to the growing need for the modernization and expansion of electrical infrastructure, as well as the transition to a decarbonized energy mix. The support of Ardian’s Expansion Team will enable us to accelerate our growth, broaden our geographic footprint, and strengthen our leadership in delivering innovative and sustainable solutions to our clients.”

  • LUDOVIC VALLON ● CEO AND FOUNDER, MASTERGRID

“At the time of the 2019 carve-out, we shared a clear ambition with the management team: to establish a leading player in the T&D sector—independent, international, and combining customer proximity with high value-added services. This strategy has been very successfully executed, and we are proud to hand over the reins to Ardian and the management team to carry this outstanding journey forward.”

  • SYLVAIN CHARIGNON ● PARTNER, ANDERA

Categories: News

EIF announces €40 million investment in Keen Venture Partners’ European defence and security Tech fund under InvestEU

Keen
  • EIF commitment is backed by the InvestEU programme, which aims to trigger more than €372 billion overall in investment supporting EU policy priorities, until 2027
  • This investment is the EIF’s first investment in a dedicated European defence fund
  • The Fund targets early-stage companies across the EU, focusing on information superiority, cyber defence, space, autonomy and robotics among others
  • This investment aligns with the EIB Group’s strategy to strengthen European security and defence amid geopolitical challenges

As Europe faces an unprecedented level of security threat, innovation in defence, security, and space technologies has become a strategic imperative. The EIB Group has stepped up its support to the security and defence industry in 2024, widening the scope of defence and security projects eligible for financing earlier this March.

The European Investment Fund (EIF) today announced a pioneering effort to enhance the availability of capital for defence-focused ventures in Europe, with a €40 million investment in Keen’s European Defence and Security Tech Fund. The fund, with a focus on early-stage companies within the defence and security technology sector, aims to support companies that are pioneering solutions in areas such as information superiority, cyber defence, robotics, AI, autonomous systems and space technologies such as securing satellite communications, satellite image analysis, and defence of space assets. The Fund’s investments will be pan-European, with exposure to the United Kingdom, Turkey and Norway.

Executive Vice-President for Prosperity and Industrial Strategy Stephane Séjourné said: “Strengthening Europe’s defence technological and industrial base is about securing our strategic autonomy and protecting our citizens—on land, at sea, in the air, in cyberspace, and in space. It’s about ensuring that European companies can deliver the technologies we need. We are moving from declarations to delivery, with investments to match our ambition.”‍

Marjut Falkstedt, Chief Executive of the EIF, stated, “Our investment in the Keen European Defence and Security Tech Fund underscores our commitment to strengthening the European security landscape. By supporting innovative companies in this critical sector, we are not only fostering technological advancements but also enhancing Europe’s overall security and resilience.”

This investment is the first of its kind under the Defence Equity Facility and the InvestEU Space mandate and builds upon EIF’s previous investments in generalist venture capital funds with a partial focus on defence.

Alexander Ribbink, and Giuseppe Lacerenza Partners at Keen Venture Partners: ‘The team at Keen has a long commitment to and investments in defence and defence technology. The opportunity to add the power of tech entrepreneurs with the full support of venture capital to the European defence ecosystem is huge. A stronger and safer Europe needs the resourcefulness and grit that only entrepreneurs can bring. We are proud to be at the forefront of this trend, and to be strongly supported by the EIF’.

More information on the EIB Group investments in security and defence are available here.

‍

Background information

The European Investment Fund (EIF) is part of the European Investment Bank Group. Its central mission is to support Europe’s micro, small and medium-sized enterprises (SMEs) by helping them to access finance. The EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, the EIF fosters EU objectives in support of sustainability, innovation, research and development, entrepreneurship, growth and employment.

Keen Venture Partners is a radically human venture capital firm based in Amsterdam and London. Keen backs exceptional teams and fast-growing European tech companies from seed to Series B. Keen has built strong expertise in defence and deep tech, supported by an advisory board of European military leaders, industry veterans, and policymakers. The firm invests through a thesis-driven approach, formulating investment ideas based on fundamental trends in specific areas of technology. When getting to know founders, Keen shares its network of operators, experience, and capabilities even before investing. The portfolio consists of 30+ startups and scaleups across Europe. You can find more information at: www.keenventurepartners.com

The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable economy. It helps generate additional investments in line with EU policy priorities, such as the European Green Deal, the digital transition and support for small and medium-sized enterprises. InvestEU brings all EU financial instruments together under one roof, making funding for investment projects in Europe simpler, more efficient, and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub, and the InvestEU Portal. The InvestEU Fund is implemented through financial partners who invest in projects using the EU budget guarantee of €26.2 billion. This guarantee increases their risk-bearing capacity, thus mobilising at least €372 billion in additional investment.

‍

Press contacts

Keen Venture Partners:

Alexander Ribbink | alexander@keenventurepartners.com | +31612340000
Giuseppe Lacerenza | giuseppe@keenventurepartners.com | +31612048616

EIB Group:

Serena Sertore | s.sertore@eib.org | tel.: +352 437 970 859
Website: wwww.eif.org/ | Press Office: +352 4379 21000 — press@eib.org

European Commission:

Quentin Cortes | +32 2 291 32 83 | quentin.cortes@ec.europa.eu

‍

Categories: News

Tags:

European Investment Fund invests €40M in Keen Venture Partners’ defence tech fund

Keen

Amsterdam, May 22nd, 2025 – The European Investment Fund (EIF) will invest €40M in Keen Venture Partners’ European Defence and Security Tech Fund. The European Investment Fund announced this today. Keen’s fund is Europe’s first EIF – backed defence fund that focuses exclusively on defence, security and space tech. Keen expects to have a first close of its fund in the third quarter of 2025.

Europe faces an urgent need to strengthen its defence capabilities. The continent is under direct threat from the East, with Russia’s war in Ukraine continuing unabated. Europe’s key NATO ally, the United States, is demanding that it carries a fairer share of the burden of its own defence. Europe has underinvested in defence across all key areas and now needs to remedy this. Increased investment across the entire defence ecosystem is essential. Startups and scale-ups, led by entrepreneurs and backed by venture capital, can play an important role in accelerating innovation and delivering new technologies to the front lines more quickly.

Increased defence spending could significantly boost Europe’s economic growth. According to a report by the Kiel Institute which shows that gross domestic product (GDP) could increase by 0.9 percent to 1.5 percent per year if governments raised annual defence spending from the NATO target of 2 percent to 3.5 percent of GDP and shifted from buying weapons designed and made in the USA to more European purchases and innovations.

Need for defence tech entrepreneurs greater than ever

The need for a stronger and more self-sufficient European defence industry has never been greater, making the addition of defence tech entrepreneurship and venture capital – and therefore not only public funds – essential. Entrepreneurs bring innovation and cost-efficiency, particularly in dual-use solutions, and thus contribute to a deeper defence tech ecosystem. To build a strong defence tech ecosystem, venture capital is crucial for rapidly scaling these solutions and driving long-term impact.

Keen’s dedicated defence tech fund is currently in the fundraising phase with a target to raise €125 million. The investment of the European Investment Fund represents a significant contribution to becoming one of the major funds in Europe, from which around 20 to 25 startups from seed phase to Series B will be supported.

“The mission to make Europe stronger and safer by empowering defence tech entrepreneurs receives a major boost with this EIF investment in our fund”, said Alexander Ribbink, Keen Venture Partners.

Giuseppe Lacerenza, partner at Keen adds: “Strengthening Europe’s defence and security through private capital, combined with the ingenuity and perseverance of entrepreneurs, is only just beginning. We’re proud to see the EIF take a catalytic role in mobilising private investments for this vital cause.”

Expertise and network for scaling startups

Keen is characterized by its deep expertise and network in the defence tech industry. The fund tracks more than 800 European defence tech companies, which is more than any other European fund. Keen has put together a top-level European advisory board with proven experience in defence tech investments, consisting of renowned advisors with a background in the military, defence tech business and policy. Within the fund, there is room for larger investors with experience in the defence tech industry.

Keen Venture Partners aims to play a structural role in building the European defence tech ecosystem. The Keen fund focuses on ‘dual use’ defence technology in European NATO countries. Dual use technology can be used for other purposes in addition to defence tech, such as disaster control or environmental monitoring. Keen’s portfolio includes Eclectic IQ, Rescale, Perciv AI and Avalor AI.

This operation benefits from support from the European Union under the InvestEU Fund

Categories: News

Tags:

Digital transformation group launches new brand to target mid-market business modernisation

Aliter Capital

Systems integrator TXP aims to disrupt mid-market with combined consultancy, development and resourcing offer

ree

 

 

The Aliter backed group featuring digital services provider Jumar and specialist IT resourcing firm Concept has rebranded to become TXP (Technology x People). TXP will focus on IT consultancy, technology development and people resourcing, combining a highly experienced digital team with industry-leading IT resourcing capabilities, to address the evolving modernisation needs of mid-market organisations,

 
John Antunes

 

John Antunes

“There’s a significant opportunity to support mid-sized organisations across financial services, healthcare, retail and the public sector, whose internal IT teams may not have the resources or some of the specialist skillsets to drive the growth and innovation they need,” said John Antunes, CEO, TXP. “This gap isn’t being addressed by the traditional larger systems integrators, and yet it’s critically important for mid-sized organisations to avoid a piecemeal approach to business modernisation. TXP strives to solve their most challenging problems with a joined-up approach to technology and people.” 

 

With over 20 years’ experience in delivering IT projects and resourcing, TXP is one of only a few companies worldwide with specialist expertise in Gen transformation.

 

Headquartered in Birmingham, with regional offices in Dudley, Milton Keynes and London, TXP currently employs 180 full-time staff, with plans to double its workforce over the next three to four years, through a mix of strategic acquisitions and organic growth.

 

Antunes said, “Our business is closely aligned with Aliter’s buy-and-build strategy, and we’re actively looking to acquire companies that enhance our capabilities, and most importantly meet the evolving needs of our clients”.

 

With Aliter’s investment and support, the digital transformation group was launched originally in 2022, with the acquisition of Concept, the Dudley based technology and field service engineering resourcing and recruitment business focused on technology roles. This was followed by Aliter’s subsequent acquisition of Jumar, the Solihull based tech talent, digital transformation and technology solutions business in 2023.

 

Categories: News

Tags:

MaxContact Strengthens AI Capabilities Through Acquisition of Conversational AI Firm, Curious Thing

FPE Capital

We are pleased to announce that MaxContact, a leading provider of customer engagement solutions, today announced its acquisition of Curious Thing, a conversational AI platform.

MaxContact was FPE’s seventh investment from FPE Fund II, the firm’s second specialist software and services fund. The move will significantly enhance MaxContact’s current AI capabilities while maintaining the company’s commitment to balancing technology with meaningful human connections in contact centres.

Integrating Curious Thing’s advanced conversational AI platform into MaxContact’s existing suite of solutions will accelerate the company’s product roadmap and provide clients with more sophisticated tools to enhance customer experiences. It also represents an exciting next step that builds upon MaxContact’s established AI offering, particularly its Spokn AI platform, which currently provides advanced speech analytics that helps businesses understand the ‘why’ behind 100% of contact centre conversations. The recent launch of Success Intelligence, an enhancement to Spokn AI that reveals the DNA of successful sales conversations through AI-powered analytics, further demonstrates MaxContact’s ongoing commitment to innovation in this space. Curious Thing’s conversational AI technology will strengthen these capabilities with the introduction of AI agents for sales, debt collection and customer use cases.

Ben Booth, CEO of MaxContactThe strategic acquisition of Curious Thing represents a major milestone in our AI strategy. We’ve always believed that the best conversation outcomes come from empowering human agents with the right technology, not replacing them. Curious Thing’s AI abilities will therefore help our clients’ contact centre teams become more efficient while maintaining that crucial human connection. We’re seeing a significant shift in how UK businesses approach customer engagement and digital transformation. Our clients are looking for solutions that empower their teams with AI-driven insights and assistance while preserving the authenticity and empathy that human agents can provide. This acquisition positions us perfectly to meet that need.

Chris Kay, Partner at FPEWe are thrilled to support MaxContact as they take this next strategic step. The acquisition of Curious Thing not only strengthens MaxContact’s AI capabilities but also reinforces our commitment to backing ambitious, innovative software companies. MaxContact is well-positioned to deliver enhanced solutions to their clients and drive continued growth in this rapidly evolving space.

The FPE investment was led by Chris Kay, Dan Walker and Sam Greenberg. MaxContact was advised on the transaction by Stephenson Harwood and Corrs Chambers Westgarth (Legal).

Categories: News

Tags:

Ratos announces changes in the Management Team

Ratos

As communicated earlier Anna Vilogorac joins Ratos as the new CFO of Ratos, succeeding current CFO Jonas Ågrup who is retiring. Wilhelm Montgomery, current Director of Strategy & Operations at Ratos, has been promoted to Vice President of Strategy & Investments and joins the Ratos Management Team. The new role has been added to the Management Team to reflect our increased commitment to strategic execution and investments.

All changes are effective as of today, May 21, 2025.

“I sincerely want to thank Jonas Ågrup for his instrumental contributions to Ratos, highlighting the introduction of centralised financing and his role in the transformation of Ratos from an investment company into a business group. Jonas’ extensive experience and broad expertise have made him a highly respected and valued member of the Group Management Team.

I am very pleased to welcome Anna Vilogorac as the new CFO at Ratos. Her broad financial background and experience in investor relations make her an ideal fit for the role. Anna brings all the necessary capabilities to support Ratos continued transformation into a more streamlined and focused group.

I am also pleased to announce the addition of Wilhelm Montgomery to the Ratos Management Team as Vice President of Strategy & Investments. Wilhelm leads our corporate strategy development and execution and therefore plays a key role in streamlining our operations.

I am confident that Ratos has the committed management team and leadership in place that we need for continued value creation for our stakeholders,” says Jonas Wiström, President & CEO Ratos.

Ratos Management Team as of May 21, 2025

  • Jonas Wiström
    President & CEO and Board member
  • Anna Vilogorac
    Chief Financial Officer & IR
  • Katarina Grönwall
    Vice President Communications & Sustainability
  • Christian Johansson Gebauer
    President Business Area Construction & Services
  • Wilhelm Montgomery
    Vice President of Strategy & Investments
  • Anders Slettengren
    Executive Vice President
  • Magnus Stephensen
    General Counsel

For more information, please contact:
Katarina Grönwall, Vice President Communications & Sustainability
+46 70 300 35 38, katarina.gronwall@ratos.com

Jonas Wiström, President & CEO
+46 8 700 17 00

About Ratos
Ratos is a Swedish business group focusing on technological and infrastructure solutions, consisting of 14 companies divided into three business areas: Construction & Services, Industry and Consumer. The companies have approximately SEK 32 billion in net sales 2024. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in Execution and It’s All About People. We enable independent subsidiaries to excel by being part of something larger. People, leadership, culture and values are key focus areas.

Attachments
Press release

Categories: People

Sterimed welcomes IK Partners and new partners alongside its longstanding investors

No Comments
IK Partners

IK Partners (“IK”) is pleased to announce that it has invested in Sterimed Group (“Sterimed” or “the Group”), a leading provider of sterile medical packaging solutions, as part of a management-led consortium. The consortium includes long-term investor Sagard, which has reinforced its position by increasing its investment, as well as a club of new investors Société Générale CP, Geneo CE, Capza and Investir pour l’Enfance, under the name of “Friends of Sterimed”. The families and entrepreneurs who have historically invested in Sterimed have also all chosen to remain shareholders in the Group by joining the “Friends of Sterimed”. Financial terms of the transaction are not disclosed.

Founded in 2016 by CEO Thibaut Hyvernat, who led a carve-out from Arjowiggins, Sterimed has established itself as a leading integrated sterile flexible medical packaging player globally. Headquartered in Boulogne-Billancourt, Ile-de-France, the Group produces medical grade paper, film substrates and assembled packaging, such as pouches, bags and wraps, for medical device manufacturers (“MDMs”), hospitals and intermediaries known as convertors. Sterimed counts leading MDMs, as well as key hospital organisations, among its large and diversified client base.

In recent years and with the backing of Sagard, Sterimed has embarked on a strategy of internationalisation in markets beyond Europe, most notably China, Mexico and the US, via eight strategic acquisitions. At present, the Group has more than 1,500 employees across 14 production sites and 24 warehousing and sales offices.

With the support of the entire consortium over the next few years, Sterimed aims to drive continued organic growth by expanding globally into less penetrated markets, cross-selling new products to existing clients and leveraging synergies from recent acquisitions. The Company also plans to support innovation in core and new markets, pursue further acquisitions and enter strategic adjacent sectors such as Pharma and Life Sciences.

Thibaut Hyvernat, Chairman and CEO of Sterimed, said: “I am proud of the journey Sterimed has taken over the past eight years as well as the unique, entrepreneurial spirit we’ve managed to cultivate alongside rapid growth. We’d like to thank Sagard and our existing partners for their guidance while accompanying us on the journey and are pleased that they have chosen to renew their investment in the Group on this next phase of growth. We are very excited to welcome IK as a new partner to the Sterimed business as we aim to continue our growth in international markets. The IK team has a great deal of experience in the Healthcare sector, as well as a proven track record of supporting European businesses seeking global expansion.”

Vincent Elriz, Partner at IK Partners and Advisor to the IK X Fund, added: “We are delighted to partner with Thibaut, his team, Sagard and all shareholders as Sterimed embarks on its next phase of development. The Group has delivered strong growth in recent years through the expansion of its product portfolio for both MDMs and hospitals, as well as a targeted M&A strategy. With the IK Platform, we are confident in our ability to further support the Group’s growth trajectory, both organically and through strategic add-on acquisitions.”

Saïk Paugam, Partner at Sagard, commented: “We are extremely proud of Sterimed’s journey since our investment in 2019. Thanks to the combination of eight carefully integrated acquisitions and ambitious organic growth initiatives through sustained investments, Sterimed has consolidated its position as a world-leading medical sterilisation packaging player. This outstanding performance has been driven by both the expertise of an outstanding management team and the continued internationalisation of the business. We look forward to continuing to work with Thibaut and his team on this next stage of the Group’s story, with the added experience of IK.”

For further questions, please contact:

IK Partners
Vidya Verlkumar
Phone: +44 (0)7787 558 193
vidya.verlkumar@ikpartners.com

 

About Sterimed

Over the past five years, Sterimed has experienced sustained growth, both organically and through strategic acquisitions, increasing its revenue from €135 million to over €300 million. This success has been driven by more than 1,500 highly committed employees, more than half of whom are shareholders in the group. Sterimed is now among the global leaders in medical packaging and aims to reach €600 million in revenue by 2030 while advancing its vision: “Pioneering a responsible medical packaging industry, we work together for the highest patient safety.” Its ambition remains unchanged: to serve all its customers—medical device manufacturers, hospitals, the pharmaceutical industry, and specialized packaging companies—with the highest quality and ever-greater patient safety. For more information, visit sterimed.fr

Read More

About IK Partners

IK Partners (“IK”) is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €19 billion of capital and invested in over 200 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit ikpartners.com

Read More

About Sagard

Sagard is a French investment fund that provides equity capital to support the development of mid-sized companies led by ambitious teams. Founded in 2003 with the support of the Desmarais family, Sagard’s investors include leading industrial families and top-tier institutional investors. Since its creation, Sagard and its team of 14 professionals based in Paris and Milan have invested in 50 industrial and services companies in France. For more information, visit www.sagard.eu

Read More

Categories: News

Tags:

Sale Of Shares In Netel Holding AB

IK Partners

Cinnamon International S.à r.l. (whose majority shareholder is the IK VII Fund) (“IK Partners”) has successfully completed the sale of 22,641,829 ordinary shares in Netel Holding AB (publ), equal to approximately 46.7 percent of the share capital and votes of Netel, at a price of SEK 8.50 per share.

The shares were sold to a broad group of investors, including among others Etemad Group AB, Netel’s CEO and President Jeanette Reuterskiöld and CFO Fredrik Helenius. Other investors participating in the sale include, among others, TAMT AB, Stefan Lindblad, S- bolagen AB, Santhe Dahl Invest AB, Bernt Ivarsson and Cicero Fonder.

“We would like to thank IK Partners for their support during Netel’s growth journey,” says Alireza Etemad, Chairperson of Netel. “I am pleased to see strong commitment and trust from Board members, management, as well as new and existing shareholders for the future of Netel. We look forward to supporting Netel as it continues to deliver on its strategy as a leading specialist in critical infrastructure in Northern Europe.”

Following the sale, IK Partners no longer holds any shares in Netel.

Polar Advisory acted as Sole Manager and Bookrunner in the sale.

Contacts

Jeanette Reuterskiöld, President and CEO, +46 (0) 702 28 03 89, jeanette.reuterskiold@netel.se
Fredrik Helenius, CFO, +46 (0) 730 85 52 86, fredrik.helenius@netel.se
Åse Lindskog, IR, +46 (0) 730 24 48 72, ase.lindskog@netelgroup.com

About Netel

With 25 years of experience, Netel is a leader in the development and maintenance of critical infrastructure within Infraservices, Power and Telecom in Northern Europe. We are involved in the entire value chain from design, production and maintenance of our customers’ facilities. We are dedicated to securing an accessible and reliable future, where technology unites and transforms society. Netel reported net sales of SEK 3,300 million in 2024 and the number of employees in the group is about 840. Netel is listed on Nasdaq Stockholm since 2021. Read more at netelgroup.com.

Read More

Categories: News

Tags:

CapMan Real Estate launches Leona, a new Nordic residential concept

CapMan Real Estate launches Leona, a new Nordic residential concept

CapMan Real Estate has launched Leona, a new Nordic rental housing concept designed to provide Effortless Living to its clients. Leona, launched in May 2025 in Finland and set to expand to Denmark and Sweden in the near future, focuses on client experience and ease of living by utilising modern digital solutions. What differentiates Leona from the competition is the combination of quality housing, a user-friendly tenant app, an increased service offering, and the flexibility to move between Leona homes.

At the heart of Leona is the goal of making tenants’ everyday life more effortless and enjoyable. Clients will benefit from the MyLeona digital platform and mobile tenant application, which allow for the effortless management of all aspects of rental housing, from parking space and sauna bookings to club and laundry room reservations, as well as interactive maintenance requests. The Leona Plus programme, developed in collaboration with CaPS Procurement Services, offers exclusive benefits for clients, including practical housing-related services that support everyday living, along with wellness and travel benefits. Furthermore, Leona Flex enables tenants to transition smoothly between Leona apartments, ensuring their home can adapt to their changing needs and circumstances.

“Leona represents our ambition to reshape rental living to better serve the needs of a modern Nordic client. We believe that a highly digitalised and user-friendly tenant platform coupled with a market-leading service offering will drive occupancy, tenant retention and client satisfaction across our growing residential portfolio,” shares Ilkka Tomperi, COO and Partner at CapMan Real Estate.

CapMan Real Estate is a Nordic property investor managing approximately €5.5 billion in real estate assets (GAV), with a team of over 80 professionals located in Helsinki, Stockholm, Copenhagen, Oslo, London and Jyväskylä.

For more information, please contact:

Ilkka Tomperi, COO & Partner, CapMan Real Estate, ilkka.tomperi@capman.com

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

Apax Funds to acquire Finastra’s Treasury and Capital Markets Division

Apax-Global-Alpha

 

Apax Global Alpha Limited (“AGA”), the closed-ended investment company providing access to the Apax Private Equity Funds, today announces that it expects to invest approximately €25m in the Treasury and Capital Markets (“TCM”) division of Finastra on a look-through basis.

On 19 May 2025, Apax XI Fund (“Apax XI”), in which AGA is a limited partner, announced that it had reached an agreement to acquire the TCM division of Finastra, a global provider of financial services software. Upon completion of the transaction, TCM will be rebranded and operated as a standalone business. The transaction is expected to close in the first half of 2026, subject to customary closing conditions and the completion of information and consultation processes with employee representative bodies, where required.

With a client base of over 340 financial institutions, TCM is a trusted enabler of risk management, regulatory compliance, and capital markets operations. Its suite of software products, most notably Kondor, Summit, and Opics, supports front-to-back trade lifecycle management, risk, compliance, and operations. Built on decades of intellectual property and long-standing client relationships, TCM is deeply embedded in the global banking ecosystem.

As an independent company working in partnership with the Apax Funds, TCM will be able to invest further in new product development, marketing, and technology infrastructure to meet its customers’ evolving needs. The Apax Funds will support TCM in sharpening its strategic and operational focus, enhancing customer experience, and accelerating technological advancements, including strengthening the company’s cloud offering.

The transaction draws on the Apax Funds’ expertise in the software subsector with notable investments including Paycor, Zellis Group, and ECi Software. The Apax Funds also have extensive experience in supporting corporate carveouts in the software space.

Jason Wright, Partner at Apax, said:
“TCM is a robust, mission-critical platform with leading functionality and an impressive customer base. We see significant potential to invest in technology, talent, and customer relationships to accelerate innovation and growth as a standalone company, drawing on our 25 years of experience scaling global software companies.”

Gabriele Cipparrone, Partner at Apax, added:
“We’re excited to partner with the TCM team as the business begins a new chapter as an independent organisation. With the backing of the Apax Funds, we expect TCM to benefit from accelerated innovation and enhanced operations, delivering even greater value to its clients.”

Note that AGA’s expected investment in TCM is calculated based on the look-through positions of Apax XI’s overall investment in TCM and is translated based on the latest exchange rates available where applicable1. AGA has a commitment of c.$700m to Apax XI2.

AGA, whose shares are listed on the London Stock Exchange, provides investors with access to a portfolio of private equity funds advised by Apax as well as a smaller portfolio of debt instruments.

For more information about the transaction, please visit:
https://www.apax.com/news/press-releases/

END

Contact details:
Investor Relations – AGA
Lorraine Rees / Aditya Jhaveri
T: +44 (0) 207 872 6364
E: Investor.relations@apaxglobalalpha.com

Joint Brokers
Jefferies International Limited
Gaudi Le Roux
T: +44 (0)20 7548 4060
E: gleroux@jefferies.com

Investec Bank plc
David Yovichic
T: +44 (0)20 7597 4952
E: david.yovichic@investec.com

Footnotes

  1. Based on Bloomberg closing EUR/USD FX rate on 19 May 2025 of 1.124
  2. AGA’s commitment in Apax XI of c.$700m represents a commitment of $476.5m in the USD tranche and €198.4m in the euro tranche.

Notes

  1. Note that references in this announcement to Apax Global Alpha Limited have been abbreviated to “AGA” or “the Company”. References to Apax Partners LLP have been abbreviated to “Apax”, or “the Investment Adviser”.
  2. Please be advised that this announcement may contain inside information as stipulated under the Market Abuse Regulations (EU) NO. 596/2014 (“MAR”).
  3. his announcement is not for release, publication or distribution, directly or indirectly, in whole or in part, into or within the United States or to “US persons” (as defined in Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”)) or into or within Australia, Canada, South Africa or Japan. Recipients of this announcement in jurisdictions outside the UK should inform themselves about and observe any applicable legal requirements in their jurisdictions. In particular, the distribution of the announcement may be restricted by law in certain jurisdictions.
  4. The information presented herein is not an offer for sale within the United States of any equity shares or other securities of Apax Global Alpha Limited (“AGA”). AGA has not been and will not be registered under the US Investment Company Act of 1940, as amended (the “Investment Company Act”). In addition, AGA’s shares (the “Shares”) have not been and will not be registered under the Securities Act or any other applicable law of the United States. Consequently, the Shares may not be offered or sold or otherwise transferred within the United States, or to, or for the account or benefit of, US Persons, except pursuant to an exemption from the registration requirements of the Securities Act and under circumstances which will not require AGA to register under the Investment Company Act. No public offering of the Shares is being made in the United States.
  5. This announcement may include forward-looking statements. The words “expect”, “anticipate”, “intends”, “plan”, “estimate”, “aim”, “forecast”, “project” and similar expressions (or their negative) identify certain of these forward-looking statements. These forward-looking statements are statements regarding AGA’s intentions, beliefs or current expectations concerning, among other things, AGA’s results of operations, financial condition, liquidity, prospects, growth and strategies. The forward-looking statements in this presentation are based on numerous assumptions regarding AGA’s present and future business strategies and the environment in which AGA will operate in the future. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results, performance or achievements of AGA to be materially different from those expressed or implied by such forward looking statements. Many of these risks and uncertainties relate to factors that are beyond AGA’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behaviour of other market participants, the actions of regulators and other factors such as AGA’s ability to continue to obtain financing to meet its liquidity needs, changes in the political, social and regulatory framework in which AGA operates or in economic or technological trends or conditions. Past performance should not be taken as an indication or guarantee of future results, and no representation or warranty, express or implied, is made regarding future performance. AGA expressly disclaims any obligation or undertaking to release any updates or revisions to these forward-looking statements to reflect any change in AGA’s expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based after the date of this announcement, or to update or to keep current any other information contained in this announcement. Accordingly, undue reliance should not be placed on the forward-looking statements, which speak only as of the date of this announcement.

About Apax Global Alpha Limited

AGA is a Guernsey registered closed-ended investment company listed on the London Stock Exchange. It is regulated by the Guernsey Financial Services Commission.

AGA’s objective is to provide shareholders with capital appreciation from its investment portfolio and regular dividends. The Company is targeting an annualised Total Return, across economic cycles, of 12-15% (net of fees and expenses).

The Company makes Private Equity investments in Apax Funds, and has a portfolio of primarily Debt Investments, derived from the insights gained via Apax’s Private Equity activities.

Further information regarding the Company and its publications are available on the Company’s website at www.apaxglobalalpha.com.

About Apax

Apax Partners LLP (“Apax”) is a leading global private equity advisory firm. For over 50 years, Apax has worked to inspire growth and ideas that transform businesses. The firm has raised and advised funds with aggregate commitments of nearly $80 billion. The Apax Funds invest in companies across three global sectors of Tech, Services, and Internet/Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For further information about Apax, please visit www.apax.com.

Apax is authorised and regulated by the Financial Conduct Authority in the UK.

 

Categories: News

Tags: