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Scalable Capital raises €155m to expand its digital investment platform

Balderton

Scalable Capital

Since 2015, Scalable Capital has provided retail investors with access to simple and cost-effective investment options.

Today, clients in Europe can invest in ETFs, stocks, funds, bonds, cryptocurrencies, derivatives, and Private Equity. Broker clients receive attractive interest rates on their cash from our partner banks and have instant access to low-cost securities-backed loans against their portfolio.

This is the company’s largest funding round to date, taking the total raised to more than €470 million. The round was led by Sofina and Noteus Partners, with support from existing investors including Balderton. Balderton’s first investment was in 2023.

Low-cost, broadly diversified ETFs, free access to financial knowledge, stock exchanges tailored for retail investors, and technology driven investment platforms like Scalable Capital have fundamentally improved access to capital markets for millions of retail investors. To accelerate this development, we will continue to invest in our fully verticalized platform with the additional capital.

Florian PruckerFounder and Co-CEO, Scalable Capital

The recent funding round is a clear endorsement, and an important step on our path to becoming the leading retail investment platform in Europe. Through our investment platform and additional new products, we’ll be able to offer even more people in Europe the best options for their investments. We have a firm focus on wealth creation and saving for retirement for the whole family.

Erik PodzuweitFounder and Co-CEO, Scalable Capital

At the end of last year, Scalable Capital launched the European Investor Exchange. This exchange is specifically tailored to the needs of retail investors in Europe. Recently, the Scalable Broker has also begun offering private equity investments: through ELTIFs (European Long-Term Investment Fund), eligible clients can invest in this attractive asset class on equal footing with institutional investors such as insurance companies or pension funds.

Starting this summer, Scalable will also be available for the next generation: with kids’ accounts, parents can use the Scalable Broker to invest in their children’s financial future.

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Dains Group Grows National Presence with Acquisition of Barnes Roffe

IK Partners

Leading accountancy and advisory services provider to the SME market, the Dains Group (“Dains”), announces that it has made its second acquisition since securing private equity backing from IK Partners (“IK”) in a move that demonstrates its intention to build the leading SME advisory business in the UK and Ireland.

Barnes Roffe, one of the UK’s top 50 accounting firms, will join the Dains Group on 4th June 2025, significantly strengthening the client proposition in financial advisory, corporate tax, audit, and corporate finance. The Barnes Roffe team has over 29 partners and more than 200 employees in the London area.

The acquisition, which is the largest yet by the Group, means Dains will now have established four key regional hubs across the UK and Ireland — in the South-East, Midlands, Scotland and Ireland — and are on target to become a top 20 firm by the end of 2025.

Barnes Roffe has a strong reputation as a highly customer-centric and proactive business with a talented team. It has built a reputation for delivering outstanding value and service to its clients for over 125 years, since its establishment in 1899.

Stephen Corner, Senior Partner at Barnes Roffe, commented, “By partnering with Dains we are joining a firm with the same values and underlying service proposition we have been delivering to our clients for many years and together we will deliver a truly market leading proposition for our clients. Becoming part of a national firm widens our service proposition and increases the range of specialist services we can deliver whilst at the same time greatly enhancing the career opportunities for our talented team. We look forward to significantly growing the Dains business in the South-East.

We are thrilled to welcome Barnes Roffe to the Dains Group.” said Richard McNeilly, CEO of Dains Group. “It’s not often we encounter such a dynamic and client-centric leadership team. Together, we see significant opportunities to grow our presence in the London area and expand across the UK and Ireland. The addition of Barnes Roffe strengthens our national footprint and aligns perfectly with our strategy to deliver exceptional client service and outstanding career opportunities.

With a team now exceeding 1,000 professionals, we remain committed to enhancing the value we provide to clients and investing in the development of our talented people.

Our ambition is to work in partnership with clients, offering timely, thoughtful advice rooted in a deep understanding of their goals. This approach has underpinned Barnes Roffe’s impressive growth and makes them a natural strategic partner for our group.”

Pete Wilson, Partner at IK Partners added “This strategic acquisition demonstrates our ambition to continue building Dains into the leading UK & Ireland SME advisory business by establishing a strong presence, led by an outstanding team at Barnes Roffe, in London and the South-East.  We look forward to continuing to back further acquisitions as part of this exciting partnership.”

Dains were advised by CMS (Legal), Eight Advisory (Financial and Tax Due Diligence), Forward Corporate Finance (Financial Modelling), Deloitte (Tax Structuring), PDW (Customer Referencing), Cyber Crowd (IT Due Diligence), Mercia (Technical Due Diligence).

Barnes Roffe were advised by KPMG CF (Corporate Finance) and KPMG Legal (Legal).

For further questions, please contact:

Dains Group
Duncan Clayson
Group Marketing Director
Phone: +44 7484 589 817
dclayson@dains.com

IK Partners
Vidya Verlkumar
Director of Communications and Marketing
Phone: +44 7787 558 193
vidya.verlkumar@ikpartners.com

About Dains

Dains is ranked 29th in the National Accountancy Age ranking by firm size within the surveyed top 100 accountancy firms in the UK. From 4th June 2025 the team will be over 1,000 people strong with offices throughout the UK and Ireland.

Our core services are Accountancy & Business Services, Audit, Corporate Finance, Forensic Accounting, Taxation and Probate alongside outsourced FD and HR support. We deliver these services with a focus on our core values of Valued Relationships, Fairness, Working & Succeeding Together and Integrity. Together these core values make up the Dains DNA which runs through each of our interactions and activities.

More information can be found at www.dains.com

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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

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EQT completes sale of shares in Galderma Group AG

eqt
  • The sale resulted in aggregate gross proceeds of c. CHF 1.86 billion, of which EQT received c. CHF 494 million

Further to previous announcements, an affiliate of the funds known as EQT VIII (“EQT”) is pleased to announce the completion of the placement of 19,031,811 shares in Galderma Group AG (SIX: GALD) (the “Company”) (the “Shares”) for aggregate gross proceeds of c. CHF 1.86 billion via an accelerated bookbuilding process (the “Placement”). 

As part of the Placement, EQT received gross proceeds of c. CHF 494 million. The Placement was completed on 2 June 2025. Goldman Sachs, Jefferies, Morgan Stanley, RBC and UBS acted as joint global coordinators and joint bookrunners for the Placement.

Contact

EQT Press Office, press@eqtpartners.com

 

Important notice

This press release does not constitute (i) an offer to sell or a solicitation of an offer to buy any securities of Galderma Group AG or any of its affiliates and it does not constitute a prospectus within the meaning of the Swiss Financial Services Act or (ii) an offer of securities for sale in the United States or elsewhere. Securities may not be offered or sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration. There will be no public offering of any of the securities mentioned in this press release in the United States.

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About EQT

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, within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, X, YouTube and Instagram

About Galderma Group AG

Galderma Group AG is a pure-play leader in the dermatology category, with a presence in approximately 90 countries. It delivers an innovative, science-based portfolio of premium flagship brands and services that cover the full spectrum of the rapidly growing dermatology market. This includes Injectable Aesthetics, Dermatological Skincare, and Therapeutic Dermatology. Since its foundation in 1981, Galderma has dedicated its focus and passion to the human body’s largest organ – the skin – addressing individual consumer and patient needs with superior outcomes in collaboration with healthcare professionals.

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AlpInvest Partners Raises $4.1 Billion for Ninth Co-Investment Fund

Carlyle

AlpInvest Co-Investment Fund IX (“ACF IX”) and related strategic mandates hit initial fundraising target with ACF IX exceeding its prior fund size at $4.1 billion

 

New York, Amsterdam, and Hong Kong, June 3, 2025 – AlpInvest Partners, a leading global private equity investor, has raised $4.1 billion for AlpInvest Co-Investment Fund IX (“ACF IX” or the “Fund”). ACF IX and related strategic mandates reached the initial fundraising target with the Fund exceeding its predecessor, which closed at $3.5 billion in 2021.

ACF IX is a dedicated co-investment fund that will seek to invest alongside high-quality GPs in private equity buyouts and growth capital transactions across industry sectors globally. More than 185 new and existing investors committed capital to ACF IX, including public pension funds, corporate pension funds, financial institutions, asset managers, foundations and family offices, spanning North America, Latin America, Europe, the Middle East, and Asia.

“We are pleased to announce the close of ACF IX, which hit $4.1 billion and surpassed the size of our prior fund, with strong support from both existing and new investors. This highlights the depth of our co-investment platform, our strong track record, and our focused approach,” said Richard Dunne, Managing Director and Co-Head of Co-Investments at AlpInvest. “We believe we are well-positioned to provide investors with the high-quality and diversified opportunities they’re looking for.”

“Building on the success of our previous co-investment programs, we believe this latest fundraise underscores AlpInvest’s consistent performance and our reputation as a trusted co-investment partner,” said Roberto Torrini, Managing Director and Co-Head of Co-Investments at AlpInvest. “As the market continues to evolve, we remain focused on leveraging our scale, experience, and long-standing sponsor relationships to access highly attractive opportunities for our investors.”

Ruulke Bagijn, Global Head of AlpInvest, added: “With the closing of ACF IX, we continue to build momentum across the AlpInvest platform. It’s a testament to our team’s expertise and commitment to delivering innovative and differentiated solutions that we believe create long-term value for our investors.”

Over the past 25 years, AlpInvest has committed over $19 billion to more than 400 equity co-investments and currently has a dedicated 37-person co-investment team based in New York, Amsterdam, and Hong Kong.

 

About AlpInvest 

AlpInvest is a leading global private equity investor with $89 billion of assets under management and more than 600 investors as of March 31, 2025. It has invested with over 380 private equity managers and committed over $100 billion across primary commitments to private equity funds, secondary transactions, portfolio financings and co-investments. AlpInvest employs more than 230 people in New York, Amsterdam, Hong Kong, London, and Singapore. For more information, please visit www.carlylealpinvest.com.

 

Media Contacts

 

U.S.

Isabelle Jeffrey

+1 (212) 332-6394

isabelle.jeffrey@carlyle.com

 

EMEA

Nicholas Brown

+44 7471 037 002

nicholas.brown@carlyle.com

 

Asia

Lonna Leong

+852 9023 1157

lonna.leong@carlyle.com

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Bain Capital and Stoneweg to expand Italian logistics development JV with €200 million investment

BainCapital

  • The JV’s AUM and pipeline in Italy now totals 330,000 sqm across five schemes, with a GDV of c.€500 million

LONDON – June 3, 2025 – Bain Capital, a global private investment firm, and Stoneweg, the alternative investment group specializing in Real Assets, on behalf of their Italian value add logistics Joint Venture (the “JV”), have agreed to forward purchase, from the leading Italian logistics developer VLD, a €200 million portfolio of six, grade A logistics warehouses, in three locations, totaling 225,000 sqm of GLA.

Located in established logistics hubs, the investments underscore the JV’s high conviction in a sector where muted development activity is keeping vacancy rates contained and driving attractive rental growth prospects, and a market where tenant demand is being underpinned by compelling demographic and favorable evolving consumers behaviors.

The portfolio comprises:

  • In Greater Florence, a 45,000 sqm development across two buildings, currently undergoing construction
  • In Southern Rome, a 150,000 sqm scheme across three big-box buildings, to be delivered between the end of 2026 and 2028. Occupiers will benefit from its connectivity to the A1 highway, making it convenient to serve Rome as well as Southern Italy
  • In Greater Bologna, a 33,000 sqm property, which is expected to be delivered by H1 2027. The asset benefits from immediate access to A1 highway.

All of the assets will be developed to the highest Grade-A standards and are set to achieve at least a “LEED Gold” ESG certification.

These transactions follow the JV’s initial investments in Bari and Tuscany, where the JV has recently delivered two LEED-gold certified logistics schemes totaling 110,000 sqm.

Rafael Coste Campos, a Partner at Bain Capital, said: “We maintain a positive outlook on European logistics and, across the locations where we are present, are well positioned to benefit from the current market tailwinds. We see a solid demand outlook, fostered by secular themes of e-commerce penetration and nearshoring, a reduced pipeline of modern, Grade-A product, whilst witnessing increasing quality requirements from tenants. All this is contributing to contained vacancy and growing rents. Our European Grade-A logistics portfolio has reached a critical mass of $1.5 billion GDV today, and we are looking to expand further. This investment marks a significant milestone in our strategy and further strengthens our long-term partnership with Stoneweg.”

Joaquin Castellvi, Co-Founder and Head of Strategic Investments at Stoneweg commented: “The Italian logistics sector continues to be characterized by sub-5% vacancy levels and has been a top performer in 2025, with investment activity up 121% year on year, underlining the sector’s defensive characteristics despite the uncertain global economic backdrop. Driven by demand from the renewable energy, luxury maritime and e-commerce logistics segments, and supported by Italy’s favourable GDP and employment outlook, we anticipate strong occupier demand for these highly sustainable assets. Alongside Bain Capital, and leveraging the strength of our local teams, as well as the opportunities being presented by current market dislocation, we have the ambition and near-term pipeline to significantly scale the platform.”

Stoneweg and Bain Capital were advised by DILS and Colliers (commercial), Linklaters (legal, tax, structuring and regulatory counsel and CBRE (technical due diligence).
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.

About Stoneweg
Stoneweg is a global alternative investment group, specialized in Real Assets, headquartered in Geneva Switzerland, and part of SWI Group.

Stoneweg was founded in 2015 by a veteran team of investment professionals and has grown its platform and capabilities both organically through joint ventures and through strategic acquisitions to ca. €9.0 billion of Asset Under Management(“AUM”).

It is a trusted capital partner and investment manager to a range of global and local investors, capital providers and banking partners and has a strong track record of investing and creating value in a variety of structures, including club deals, joint ventures and co-investments.

The group relies on local operating teams to identify, develop and manage real assets and other alternative investments around the world. With more than 350 employees, Stoneweg has operational presence and teams on the ground in 23 offices across 17 countries in Europe, the US and Singapore. For more information, visit www.stoneweg.com.

Media Contacts

Europe

Jason Lobo

 Camarco

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Ardian and Rockfield grow pan-European Student Accommodation strategy with further €300 million commitment from CBRE Investment Management

Ardian

Ardian, a world-leading private investment firm, and Rockfield, a vertically integrated living platform, are further strengthening their Purpose-Built Student Accommodation (PBSA) strategy with a new €300 million commitment from CBRE Investment Management on behalf of its Indirect Private Real Estate Division.

CBRE Investment Management (CBRE IM), a leading global real assets investment management firm, acted as a founding investor in Ardian and Rockfield’s PBSA strategy when it launched in October last year. This early follow-on commitment brings CBRE IM total commitment to the strategy to €800 million.

Ardian and Rockfield aim to build a diversified portfolio of high-quality, purpose-built student accommodation assets across leading university cities in continental Europe, targeting markets with demand imbalances from rising student populations and structural undersupply, specifically in Italy, the Netherlands, Spain, Portugal, Germany and France.

The strategy has achieved strong momentum in its first months, with five acquisitions completed to date, establishing a diversified and growing seed portfolio of over 3,000 beds across Europe. This includes a fully let residence in Florence, a newly built 500-bed asset in central Bologna, a LEED Platinum-certified scheme in Barcelona, the Minervahaven development in Amsterdam recognised as Europe’s most sustainable PBSA asset, and a mixed-tenure property in Milan offering both market and subsidised student housing.

Nearly 100% of the initial €500 million equity commitment has been deployed, with four further acquisitions in France, Spain and the Netherlands set to be completed in the coming months. This will bring the platform to a total of 5,000 beds.

This early success demonstrates the strength of the strategy’s disciplined investment criteria, and its ability to move with speed and precision.

With €800 million of equity now committed to the strategy, representing nearly €1.3 billion in investment capacity, and a growing pipeline across the continent, its next phase will focus on expanding footprint in key markets, including currently untapped markets such as Germany.

The strategy has aCore+ profile with a focus on income-producing assets in supply-constrained cities, supporting the delivery of new, best-in-class student residences.

“To have fully committed our seed capital so quickly, and to see CBRE IM increasing their exposure ahead of schedule, sends a very clear signal. It confirms that our thesis, timing and activity are strongly aligned with investor and market needs. We launched this strategy to solve a structural gap in Europe’s urban living needs, and this momentum shows that we’re delivering”. Matteo Minardi, Head of Real Estate Italy and Managing Director, Ardian

“We take immense pride in the platform we set out to build with Ardian, being able to deploy capital quickly without compromising on quality. Our in-house investment, development, operations and asset management model means is strategically designed to source, execute and deliver at scale in a way that reflects the social and environmental standards institutions and end customers increasingly expect. CBRE IM’s renewed commitment is a strong endorsement of the model we’ve built and the opportunity ahead. We are grateful for the renewed trust the current and incoming investors are placing in us.” Juan Manuel Acosta, CIO, Rockfield Real Estate

”The student housing market in Continental Europe remains a compelling and resilient growth opportunity. We are pleased to see our capital being strategically deployed to curate a high-quality portfolio of student assets in undersupplied European cities characterized by strong demand. This additional commitment underscores our long-term conviction in this asset class and reinforces our thematic investment approach.” Line Verroken, Head of Living Investments, EMEA, CBRE IM Indirect Private Real Estate

Sustainability is embedded into the platform’s approach. All assets are targeting or have achieved leading ESG certifications such as BREEAM and LEED, and seek alignment with the objectives of the Paris Agreement. Across the portfolio, design and refurbishment strategies integrate climate risk assessment, renewable energy procurement and wellbeing-focused living environments. The platform also actively monitors socioeconomic impact, including affordability and accessibility, reinforcing its commitment to responsible urban development.

ABOUT ARDIAN

Ardian is a world-leading private investment firm, managing or advising $180bn of assets on behalf of more than 1,850 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 19 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ardian.com

ABOUT ROCKFIELD REAL ESTATE

Rockfield was established in 2014 with a clear mission to create high quality and sustainable housing solutions for students, young professionals and families in urban areas. Our founders recognized the growing demand for affordable housing in major cities, coupled with an increasing need for innovative living concepts that not only provide a place to live but also enable residents to grow and thrive within a community.
With this vision in mind, Rockfield started a journey to build a fully integrated real estate company. From the start, we chose to keep all aspects of real estate management in-house, from project development and acquisition to investment and property management. This approach has allowed us to offer tailored solutions that meet needs of both investors and tenants.
Since our inception, we have experienced impressive growth and evolved into a leading investment manager with a portfolio of over €2 billion in assets under management and around 8,000 housing units across various European cities.

rockfield.nl

Media Contacts

ARDIAN

HEADLAND

ardian@headlandconsultancy.com

ROCKFIELD REAL ESTATE

Sander van Essen

Sander.van.essen@rockfield.nl

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Regional Rail continues its expansion in the Midwest with the acquisition of the Minnesota Commercial Railway

3I

3i-backed Regional Rail, a leading owner and operator of short-line freight railroads across North America, has acquired the Minnesota Commercial Railway (“MNNR” or the “Company”). MNNR is an 86-mile railroad serving the Twin Cities area in Minnesota, with direct connection to four Class I rail networks, in addition to the Twin Cities & Western Railroad. The railroad provides freight-hauling, storage, and transload services to a diverse set of customers across a variety of end-markets, including metals, fuel & oil, chemicals & plastics, food & agriculture, and lumber. The Company also owns and operates Commercial Transload of Minnesota (“CTM”), which provides warehousing, transloading, and trucking services to local manufacturers in the region. The acquisition further expands Regional Rail’s North American network, which now includes 17 railroads across 9 U.S. states and 2 Canadian provinces.

Al Sauer, President and CEO, Regional Rail, commented:

“We are honored that Becky Gohmann has entrusted Regional Rail to continue the legacy established by the late John Gohmann at the Minnesota Commercial, and we are excited to partner with the team at the MNNR and CTM to expand these operations and strengthen the business for the future. We look forward to building on the Company’s track record of high-quality service and providing the team with the expanded resources of our broader platform to drive additional growth.”

Rob Collins, Managing Partner and Head of North American Infrastructure, 3i, commented:

“Minnesota Commercial is a great fit for Regional Rail’s strategy of partnering with strong local operators, while preserving the legacy and history of its founder. We look forward to providing continued support to Regional Rail for all future opportunities.”

Rebecca Gohmann, Owner of the Minnesota Commercial Railway:

“I am very proud of John’s leadership and dedication to the Minnesota Commercial Railway, as well as the dedication and hard work of our employees. I believe Regional Rail is a great fit to continue the legacy my husband started in 1987 of supporting our employees, our customers, and new growth opportunities.”

Since partnering in July 2019, 3i and Regional Rail have grown from three railroads in the Northeast to seventeen freight-railroad operations located across North America. The company provides freight transportation, car-storage, and transloading services across the United States and western Canada. In addition to freight services, Regional Rail provides railroad-crossing signal design, construction, inspection, and maintenance services to a diverse base of short-line and industrial customers in 21 U.S. states via the company’s Diamondback Signal subsidiary.

-Ends-

Download this press release 

For further information, contact:

Silvia Santoro
Investor enquiriesKathryn van der Kroft
Media enquiries		 Tel: +44 20 7975 3258
Email: silvia.santoro@3i.comTel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com

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Carlyle partners with Rabo Investments to invest in SurePay

Carlyle

Utrecht, Netherlands and London, UK – 3 June 2025 – Carlyle Europe Technology Partners (“CETP”), in partnership with Rabobank’s investment arm Rabo Investments, today announced a strategic growth investment in SurePay, a European leader in payment verification software.

Founded within Rabobank in 2016 and headquartered in the Netherlands, SurePay is a leading provider of payment verification technology solutions to financial institutions and corporates across Europe and the UK. The company reduces fraudulent and misdirected payments through its trusted real-time IBAN-name check, Confirmation-of-Payee (CoP), Verification-of-Payee (VOP), and Fraud Risk Indicator (FRI) products, supporting 200+ banks and 750+ corporate customers. Once implemented, SurePay reduces impersonation scams by 81% and erroneous payments by 67% on average. To date, SurePay has processed more than 10 billion payment checks, playing a critical role in helping clients improve payment accuracy, prevent fraud, address continuously evolving regulatory and compliance demands, and optimise operational efficiencies.

With the backing of Carlyle and Rabo Investments, SurePay plans to further expand its suite of payment verification and fraud prevention solutions and broaden its geographic presence across Europe and beyond, with a continued focus on delivering highly reliable services to its blue-chip customers.

David-Jan Janse, CEO and co-founder of SurePay, said:
“We are thrilled to welcome Carlyle as a strategic partner for the next stage of our journey. The team is grateful to Connected Capital and Iris Capital for their partnership since 2021, and the valuable experience they have brought in scaling B2B SaaS businesses and supporting breakout technology ventures like ours. With Carlyle’s deep experience in financial infrastructure and enterprise software, they are the ideal partner to join Rabobank in supporting our ambition to strengthen our leadership across Europe and the UK, and expand into other international markets. This investment is a major milestone for our team and a strong validation of the platform we have built together with top-tier financial institutions and leading corporates around the world.”

Constantin Boye, who leads the European growth equity efforts within the CETP investment advisory team at Carlyle, said:
“SurePay is a mission-critical payment verification solutions provider with a powerful combination of proven technology and deep relationships across the European and UK banking ecosystem. The team has done an exceptional job building a platform that delivers real, measurable impact in reducing fraud and improving payment accuracy for both financial institutions and corporates. We are excited to partner with Rabo Investments in supporting SurePay as they continue to scale internationally and drive innovation in this increasingly important space.”

Carlyle is investing through its CETP V fund, a €3.2 billion vehicle focused on growth-stage technology businesses across Europe. The CETP team has extensive experience in scaling European financial technology and Governance, Risk and Compliance (GRC) software platforms, with notable investments including FRS Global, ITRS, Calastone, VWD, and Trema.

Floris Onvlee, Director at Rabo Investments, added:
“Since its founding within Rabobank, SurePay has been developed to meet the highest possible financial services quality standards with best-in-class platform reliability, scalability, and security. We believe that this bank-grade heritage, which underpins the many strengths of SurePay’s current offering, has enabled the team to execute with focus, ambition, and credibility to become a European leader in payment verification. Today, their solutions are used by many of the world’s largest financial institutions and corporates, delivering meaningful impact at enterprise scale. After a fruitful partnership with Connected Capital and Iris Capital, we are proud to continue on this growth journey with the SurePay team alongside Carlyle, supporting Rabobank’s corporate venture strategy to build a stronger and more secure financial ecosystem.”

 

About SurePay
SurePay is a leading provider of payment verification technology, headquartered in the Netherlands. The company originally pioneered the IBAN-name check solution in the Dutch market in 2017 and has since expanded across Europe and the UK with its real-time Verification-Of-Payee (VOP), Confirmation-of-Payee (CoP) and Fraud Risk Indicator (FRI) solutions. SurePay serves more than 200 banks and 750 corporate customers and has processed more than 10 billion payment checks to date, playing a critical role in helping clients prevent fraud, improve payment accuracy, and meet continuously evolving compliance and regulatory demands.

 

Media Contacts
Carlyle

Nicholas Brown
nicholas.brown@carlyle.com
+44 7471037002

 

SurePay

Ramon Verweij
ramon@surepay.eu
+31 623833068

 

Rabo Investments

Hugo Nutbey
hugo.nutbey@rabobank.nl
+31 887263463

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CareLineLive Secures Majority Investment from Technology Investment Firm Accel-KKR

AKKR Logo

London, UK & Menlo Park, CA – June 3, 2025 — CareLineLive, an all-in-one home care management software company, has secured a majority investment from technology-focused investment firm Accel-KKR, to spur accelerated growth, expansion and product development.

Founded in 2014 by entrepreneur Josh Hough, CareLineLive provides an all-in-one cloud-based platform for homecare agencies, integrating staff scheduling, client visits, patient records and invoicing. The company currently supports hundreds of care providers across seven countries.

Across many parts of the world, the home healthcare market continues to grow. For example, the UK’s home and domiciliary care market is worth £11.5 billion, according to insurance broker PolicyBee. The Australian home healthcare market is projected to reach USD 25.7 billion by 2030, whereas the U.S. home care providers market is valued at approximately $153.7 billion in 2025.

Hough said the investment would help accelerate the company’s growth and international reach. “Our vision has always been to make homecare better for everyone through the use of technology – for providers, carers and clients,” he said.

“This investment helps bring that future closer. Accel-KKR’s long track record of helping software companies grow is what I am most excited about. Their experience and resources will help us to grow our team, enhance our product, and deliver even more value to our customers.”

A portion of the funding will be used to establish a customer support presence in Australia, enabling round-the-clock service. “As our UK team finishes for the day, the Australia team will begin – meaning we’ll be able to support customers at any time of day,” Hough added.

The full transaction value has not been disclosed, but the investment also facilitates an exit for early backers Oakglen and Haatch. Hough also paid tribute to the outgoing investors: “We’re incredibly proud of the progress we’ve made over the last decade and I’d very much like to thank both Oakglen and Haatch for their support. This marks an exciting new chapter with Accel-KKR.”

Accel-KKR, which specialises in investing in enterprise software and tech-enabled businesses, cited CareLineLive’s technology and customer-centric ethos as among the key drivers behind its decision to invest in CareLineLive.

Maurice Hernandez, Managing Director at Accel-KKR, said, “No matter where they serve, home care providers want to focus on delivering responsive, respectful and personalized care. Technology can help carers and agencies improve efficiencies, maintain compliance and grow while being focused on their clients’ wellbeing. We’re excited to back CareLineLive and help Josh and his team continue to build market-leading solutions in this category.”

Hough said he and the senior management team will be remaining with the company for the foreseeable future.  “There’s a long-term plan in place, but it’s very much business as usual,” Hough added.

About CareLineLive
Founded in 2014, CareLineLive provides an all-in-one cloud-based platform for homecare agencies, integrating staff scheduling, client visits, patient records and invoicing. The company currently supports hundreds of care providers across seven countries. CareLineLive is one of the few companies to meet the NHS requirements to be on the approved supplier list for Digital Social Care Records. It also integrates with GP Connect, enabling access to GP records.

About Accel-KKR
Accel-KKR is a technology-focused investment firm with $21 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for top-line and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its partner companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR’s headquarters is in Menlo Park, with offices in Atlanta, Chicago, London, and Mexico City. For more, visit accel-kkr.com.

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Gilde Healthcare participates in $75 Million Series D round of SpyGlass Pharma to Advance Its Long-term Drug Delivery Platform for Glaucoma Patients

GIlde Healthcare
Aliso Viejo, CA (United States)

SpyGlass Pharma, a privately-held ophthalmic biotechnology company, announced the closing of a $75 million Series D financing round. SpyGlass’ Drug Delivery Platform aims to provide multiple years of medical therapy, addressing the need for long-term management of glaucoma and other chronic ophthalmic diseases.

Gilde Healthcare joined the Series D as a new investor alongside Sands Capital and existing investors: New Enterprise Associates (NEA), RA Capital, Vensana Capital, Samsara BioCapital and Vertex Ventures HC. The funding will support the advancement of SpyGlass Pharma’s cutting-edge Drug Delivery Platform through the readout of two registrational Phase III trials, set to begin later this year.

“We appreciate the strong support from our new and existing investors, underscoring their confidence in our innovative Drug Delivery Platform,” said Patrick Mooney, CEO of SpyGlass Pharma. “We are excited to advance our platform through pivotal Phase III trials as we accelerate our commitment to addressing significant unmet needs for ophthalmic patients.

“We believe our approach represents a paradigm shift in the treatment of eye diseases, such as glaucoma, with significant advantages compared to currently commercialized therapies,” said Dr. Malik Y. Kahook, MD, Co-Founder and President of SpyGlass Pharma. “The long-term safety and efficacy demonstrated from both the first-in-human feasibility trial and the Phase II, multi-center, randomized clinical trial showing significant and sustained intraocular pressure-lowering in glaucoma patients, is compelling.”

About SpyGlass Pharma
The SpyGlass Drug Delivery Platform with bimatoprost is designed to deliver 3 years of bimatoprost to targeted tissues. Patients in the first-in-human study will continue to be followed over time, and the Company plans to share 24 month follow up data at the American Academy of Ophthalmology meeting later this year. SpyGlass completed enrollment in a Phase I/II study in the United States to investigate the safety and efficacy of its platform in a larger patient pool. SpyGlass looks forward to working closely with the U.S. Food and Drug Administration (FDA) to advance the program through Phase III clinical trials and ultimately to commercial approval. SpyGlass operates from its facilities in California and can be found online at www.spyglasspharma.com.

About Gilde Healthcare
Gilde Healthcare is a transatlantic specialist investment firm 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.

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