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Carlyle and SK Capital Partners Announce Extension of bluebird bio Tender Offer to May 12, 2025

Carlyle

WASHINGTON, DC and NEW YORK, NY—May 2, 2025—Carlyle (NASDAQ: CG) (“Carlyle”), SK Capital Partners, LP (“SK Capital”) and Beacon Parent Holdings, L.P. (“Parent”) today announced that Beacon Merger Sub, Inc. (“Merger Sub”) has extended the expiration date of its offer (the “Offer”) to acquire all of the outstanding common stock of bluebird bio, Inc. (NASDAQ: BLUE) (“bluebird”), to expire at one minute after 11:59 p.m., New York City time, on May 12, 2025.  The Offer was previously scheduled to expire one minute after 11:59 p.m., New York City time, on May 2, 2025. The tender offer was extended to allow additional time for the satisfaction of the remaining conditions to the tender offer, including receipt of applicable regulatory approvals.

Equiniti Trust Company, LLC, the depositary for the Offer, has advised Merger Sub that as of the close of business on May 1, 2025, approximately 936,791 shares of bluebird common stock have been validly tendered and not properly withdrawn pursuant to the Offer. Holders that have previously tendered their shares do not need to re-tender their shares or take any other action in response to this extension.

The Offer is being made pursuant to the terms and conditions described in the Offer to Purchase, dated March 7, 2025 (as amended or supplemented from time to time, the “Offer to Purchase”), the related letter of transmittal and certain other offer documents, copies of which are attached to the tender offer statement on Schedule TO filed by Parent and Merger Sub with the U.S. Securities and Exchange Commission (the “SEC”) on March 7, 2025, as amended.

The Offer is conditioned upon the fulfilment of certain conditions described in “Section 15—Conditions to the Offer” of the Offer to Purchase, including, but not limited to, the tender of a majority of the outstanding shares of bluebird, receipt of applicable regulatory approvals, and other customary closing conditions.

About bluebird bio, Inc.

Founded in 2010, bluebird has been setting the standard for gene therapy for more than a decade—first as a scientific pioneer and now as a commercial leader. bluebird has an unrivaled track record in bringing the promise of gene therapy out of clinical studies and into the real-world setting, having secured FDA approvals for three therapies in under two years. Today, we are proving and scaling the commercial model for gene therapy and delivering innovative solutions for access to patients, providers, and payers.

With a dedicated focus on severe genetic diseases, bluebird has the largest and deepest ex-vivo gene therapy data set in the field, with industry-leading programs for sickle cell disease, ß-thalassemia, and cerebral adrenoleukodystrophy. We custom design each of our therapies to address the underlying cause of disease and have developed in-depth and effective analytical methods to understand the safety of our lentiviral vector technologies and drive the field of gene therapy forward.

bluebird continues to forge new paths as a standalone commercial gene therapy company, combining our real-world experience with a deep commitment to patient communities and a people-centric culture that attracts and grows a diverse flock of dedicated birds.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across its business and conducts its operations through three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $441 billion of assets under management as of December 31, 2024, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 2,300 people in 29 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

About SK Capital 

SK Capital is a transformational private investment firm with a disciplined focus on the life sciences, specialty materials, and ingredients sectors. The firm seeks to build resilient, sustainable, and growing businesses that create substantial long-term value. SK Capital aims to utilize its industry, operating, and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth, and profitability, as well as lower operating risk. SK Capital’s portfolio of businesses generates revenues of approximately $12 billion annually, employs more than 25,000 people globally, and operates more than 200 plants in over 30 countries. The firm currently has approximately $9 billion in assets under management. For more information, please visit www.skcapitalpartners.com. 

 

Additional Information and Where to Find It

This communication is not an offer to buy nor a solicitation of an offer to sell any securities of bluebird. The solicitation and the offer to buy shares of bluebird’s common stock is only being made pursuant to the Tender Offer Statement on Schedule TO, including an offer to purchase, a letter of transmittal and other related materials, that Parent and Merger Sub filed with the SEC. In addition, bluebird filed with the SEC a Solicitation/Recommendation Statement on Schedule 14D-9 with respect to the tender offer. Investors may obtain a free copy of these materials and other documents filed by Parent, Merger Sub and bluebird with the SEC at the website maintained by the SEC at www.sec.gov. Investors may also obtain, at no charge, any such documents filed with or furnished to the SEC by (i) bluebird under the “Investors & Media” section of bluebird’s website at www.bluebirdbio.com or (ii) by Parent and Merger Sub by calling Innisfree M&A Incorporated, the information agent for the Offer, toll-free at (877) 825-8793 for stockholders or by calling collect at (212) 750-5833 for banks or brokers.

INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THESE DOCUMENTS, INCLUDING THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 OF BLUEBIRD AND ANY AMENDMENTS THERETO, AS WELL AS ANY OTHER DOCUMENTS RELATING TO THE TENDER OFFER AND THE MERGER THAT ARE FILED WITH THE SEC, CAREFULLY AND IN THEIR ENTIRETY PRIOR TO MAKING ANY DECISIONS WITH RESPECT TO WHETHER TO TENDER THEIR SHARES INTO THE TENDER OFFER BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS OF THE TENDER OFFER.

Investors & Media Contacts 

Bluebird 

Investors: 

Courtney O’Leary

978-621-7347

coleary@bluebirdbio.com

Media: 

Jess Rowlands

857-299-6103

jess.rowlands@bluebirdbio.com

 

Carlyle 

Media: 

Brittany Berliner

+1 (212) 813-4839

brittany.berliner@carlyle.com

SK Capital 

Ben Dillon

+1(646)-278-1353  

bdillon@skcapitalpartners.com

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Madison Dearborn Partners to Acquire Significant Ownership Position in NextGen Healthcare

Thomabravo

Partners with Company Management and Thoma Bravo to Support NextGen Healthcare’s Growth

CHICAGO & SAN FRANCISCO & REMOTE-FIRST COMPANY—Madison Dearborn Partners, LLC (“MDP”), a leading private equity investment firm based in Chicago, today announced that it has signed an agreement with Thoma Bravo, a leading software investment firm, to acquire a significant ownership position in NextGen Healthcare, Inc. (“NextGen Healthcare” or the “Company”), a leading provider of innovative healthcare technology and data solutions. Thoma Bravo will retain a significant ownership position in NextGen Healthcare. MDP will partner with Thoma Bravo and NextGen Healthcare’s management team to support NextGen Healthcare’s growth.

Founded in 1974, NextGen Healthcare provides Electronic Health Record and Practice Management software and services that allow healthcare practices to focus on delivering better healthcare outcomes for patients and increase clinical quality and productivity. Since acquiring NextGen Healthcare in a take-private transaction in 2023, Thoma Bravo has helped the Company modernize and enhance its capabilities, solutions, and operating structure to enhance the client experience. Additionally, the Company has achieved meaningful organic growth, improved profit margins, and hired new executive leaders devoted to further enhancing its technology and services to provide a superior user experience. As investment partners, Thoma Bravo and MDP will support NextGen Healthcare’s leadership team in continuing to execute the Company’s growth strategy to deliver best-in-class solutions to more healthcare clients.

“We are delighted to partner with MDP and Thoma Bravo to accelerate our investment in developing and delivering transformational solutions to the ambulatory healthcare marketplace,” said David Sides, Chief Executive Officer of NextGen Healthcare. “Our employees, clients, and partners are unified behind our vision of achieving Better Healthcare Outcomes for All. By combining our deep healthcare domain expertise with MDP’s extensive healthcare experience and Thoma Bravo’s renowned software operational expertise, we believe we can deliver on that vision faster.”

Srinivas (Sri) Velamoor, President and Chief Operating Officer of NextGen Healthcare, added, “We are excited to partner with MDP and Thoma Bravo to accelerate the next phase of our growth, and help our clients achieve market leading performance and efficiency fueled by new AI-driven capabilities. We are leveraging AI and automation to elevate every step of the provider and patient journey.”

“NextGen Healthcare has a proven track record of delivering innovative software solutions that enable healthcare practices across the country to improve the patient experience,” said Jason Shideler, Partner and Co-Head of Healthcare at MDP. “We are excited to partner with NextGen Healthcare’s management team and Thoma Bravo to help the Company expand its software offering and assist even more providers in operating efficiently and delivering seamless care to their patients.”

“It’s been a joy working alongside David, Sri and the NextGen management team helping to accelerate our long-term mission of Better Healthcare Outcomes for All,” said A.J. Rohde, a Senior Partner at Thoma Bravo. “We see so much innovation and opportunity ahead, and working with the MDP team again on these opportunities is an exciting endeavor.”

“We are incredibly proud of what we have accomplished in partnership with David, Sri and the entire NextGen Healthcare team since our initial investment in 2023,” added Peter Hernandez, a Senior Vice President at Thoma Bravo. “Together, we have significantly accelerated the Company’s business strategy and product roadmap to help deliver exceptional outcomes for providers and patients. We look forward to continuing to apply our operational and software capabilities to drive continued growth.

The deal, which is subject to customary regulatory approvals, is expected to close in the second quarter of 2025.

Advisors
Goodwin Procter LLP is serving as legal counsel to NextGen Healthcare and Thoma Bravo. Kirkland & Ellis, LLP is serving as legal counsel to MDP.

About NextGen Healthcare, Inc.
NextGen Healthcare, Inc. is a leading provider of innovative healthcare technology and data solutions. We are reimagining ambulatory healthcare with award-winning EHR, practice management and surround solutions that enable providers to deliver whole-person health and value-based care. Our highly integrated, intelligent, and interoperable solutions increase clinical quality and productivity, enrich the patient experience and drive superior financial performance. We are on a relentless quest to achieve better healthcare outcomes for all. Learn more at nextgen.com, and follow us on Facebook, X, LinkedIn, YouTube, and Instagram.

About Madison Dearborn Partners
Madison Dearborn Partners, LLC (“MDP”) is a leading private equity investment firm based in Chicago. Since MDP’s formation in 1992, the firm has raised aggregate capital of more than $31 billion and has completed over 160 platform investments. MDP invests across four dedicated industry verticals, including healthcare, basic industries, financial services, and technology & government. Drawing on deep industry and operational expertise, MDP works closely with management teams to drive value creation and operational improvement across its portfolio. For more information, please visit www.mdcp.com

About Thoma Bravo
Thoma Bravo is one of the largest software-focused investors in the world, with over US$179 billion in assets under management as of December 31, 2024. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo’s deep sector knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20+ years, the firm has acquired or invested in approximately 520 companies representing approximately US$275 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, Dallas, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo’s website at thomabravo.com.

Read the release on Business Wire here.

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Dream Games announces strategic investment by CVC to support next chapter of growth and continued global leadership in mobile games

CVC Capital Partners

Dream Games, the developer and publisher of globally renowned mobile games Royal Match and Royal Kingdom, today announced a strategic investment from CVC, a leading global alternative asset management firm, as its sole equity partner.

The transaction will provide liquidity to Dream Games’ initial venture capital partners who will exit after over five years, and initiates a strategic partnership with CVC as its new equity partner to help further accelerate the Company’s continued global leadership in mobile games. Funds managed by Blackstone, and other investors will provide debt financing as part of the transaction.

Founded in 2019 by mobile game industry veterans Soner Aydemir, Ikbal Namli, Hakan Saglam, Eren Sengul and Serdar Yilmaz, Dream Games is best known for its mobile game Royal Match, the global #1 puzzle game by revenue.

In November 2024, Dream Games launched its highly anticipated second mobile game, Royal Kingdom, the next chapter of the Royal mobile games universe. Both games have achieved global success, with Dream Games recognised as a leader in delivering high-quality, innovative and engaging mobile gaming experiences to customers across the world.

With the support of its new investors, Dream Games plans to continue its expansion of the Royal universe and develop innovative new titles, while continuing to captivate players around the world with its high-quality mobile game experiences.

Soner Aydemir, Co-Founder and CEO of Dream Games, said: “We are incredibly proud of what our team has built so far, and we’re excited to enter this next phase of growth with the support of our new investors. Their experience investing in category-leading companies, and track-record of supporting the long-term vision of founding teams, make them ideal partners as we continue to enhance our global leadership.”

Quotes

We are very pleased to have the opportunity to work with this world class management team, and help them realise their ambitious vision in the Royal Universe.

Nick ClarryManaging Partner and Head of CVC’s Sports, Media and Entertainment team

Nick Clarry, Managing Partner and Head of CVC’s Sports, Media and Entertainment team, commented: “Dream Games has created some of the world’s most beloved and commercially successful IP – including King Robert, King Richard & The Dark King. We are very pleased to have the opportunity to work with this world class management team, and help them realise their ambitious vision in the Royal Universe.”

The transaction is subject to customary regulatory approvals and is expected to close in Q3 2025.

Goldman Sachs International acted as financial advisor and debt structuring agent, and White & Case acted as legal counsel to Dream Games. PJT Partners acted as financial advisor and Latham & Watkins acted as legal counsel to CVC.

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Blackstone Launches BMACX – Blackstone Private Multi-Asset Credit and Income Fund

Blackstone

NEW YORK – May 1, 2025 – Blackstone (NYSE: BX) today announced the launch of Blackstone Private Multi-Asset Credit and Income Fund (BMACX), the firm’s first private multi-asset credit interval fund (the “Fund”). Investors can now access BMACX through select registered investment advisers.

BMACX aims to provide individual investors with a one-stop, private multi-asset credit solution designed to access strategies across Blackstone’s leading $465 billion credit platform. The Fund offers ticker execution with daily subscriptions, quarterly liquidity, and low investment minimums with capital invested immediately.

“We believe BMACX can be a powerful core portfolio building block to tap the expanding credit markets,” said Heather von Zuben, Chief Executive Officer of BMACX. “It brings the full breadth of Blackstone’s credit platform to individuals in what we see as an investor friendly structure.”

“We will aim to deliver high quality, diversified income with lower volatility than traditional fixed income products by investing across a diverse range of compelling credit assets,” said Dan Oneglia, Chief Investment Officer of BMACX. “We believe this multi-strategy approach positions investors to take advantage of attractive relative value, particularly in dynamic market environments.”

BMACX will invest across a diverse range of credit assets, including private corporate credit, asset based and real estate credit, structured credit, and liquid credit, seeking to deliver attractive and stable income through a monthly distribution while managing risk.

BMACX builds on Blackstone’s leadership position delivering private credit solutions to individual investors, with dedicated vehicles focused on direct lending available since 2018.

Blackstone announced that BMACX was declared effective by the U.S. Securities and Exchange Commission in March. More information is available at www.bmacx.com.

About Blackstone Credit & Insurance
Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.

About Blackstone Private Wealth   
Blackstone Private Wealth was established to answer the growing demand for Blackstone products from high-net worth investors. Partnering with many of the world’s largest private banks and wealth management firms as well as family offices, Blackstone’s Private Wealth team packages and delivers the full breadth of Blackstone’s alternative product capability to these firms and their clients and provides ongoing product and advisor support, as well as education and training around alternatives.

Forward-Looking Statements
Certain information contained in this communication constitutes “forward looking statements” within the meaning of the federal securities laws. These forward-looking statements can be identified by the use of forward-looking terminology, such as “outlook,” “indicator,” “believes,” “expects,” “potential,“ “continues,” “may,” “can,” “will,“ “could,” “should,” “seeks,” “approximately,” “predicts,“ “intends,” “plans,” “estimates,” “anticipates”, “confident,” “conviction,“ “identified” or the negative versions of these words or other comparable words thereof.

These may include financial estimates and their underlying assumptions, statements about plans, objectives and expectations with respect to future operations, statements regarding future performance, statements regarding economic and market trends and statements regarding identified but not yet closed investments. Such forward-looking statements are inherently subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in such statements. BMACX believes these factors also include but are not limited to those described under the section entitled “Risk Factors” in its prospectus, and any such updated factors included in its periodic filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this document (or BMACX’s prospectus and other filings). Except as otherwise required by federal securities laws, BMACX undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

This press release must be read in conjunction with the BMACX prospectus in order to fully understand all the implications and risks of an investment in BMACX. This press release is neither an offer to sell nor a solicitation of an offer to buy securities. An offering is made only by the prospectus, which should be read carefully before investing and is available at www.bmacx.com.  Before investing you should carefully consider BMACX’s investment objectives, risks, charges and expenses.  This and other information is in BMACX’s prospectus.

An investment in the Fund involves a high degree of risk. There is no assurance that the Fund will achieve its investment objectives.  An investment in the Fund is suitable only for investors who can bear the risks associated with limited liquidity.  Shares of the Fund are not listed on any securities exchange and the Fund does not expect any secondary market will develop for the shares. The Fund intends to utilize leverage and may utilize leverage to the maximum extent permitted by law for investment and other general corporate purposes, which will magnify the potential for loss on amounts invested in the Fund. Please see the prospectus for details of these and other risks.

The Fund is distributed by Blackstone Securities Partners L.P. BMACX is a newly formed investment company with no operating or performance history that shareholders can use to evaluate the Fund.

Contact
Thomas Clements
Thomas.Clements@blackstone.com
(646) 482-6088

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Ardian and Rockfield Seal Record Largest Dutch Student Housing Deal in Amsterdam

Ardian

Ardian and Rockfield have acquired the 596-bed Minervahaven student housing building in Amsterdam’s Houthavens district, in what is one of the largest single asset Purpose-Built Student Accommodation (PBSA) deals in the Netherlands on record.

The Amsterdam transaction is the fourth investment by their pan-European strategy dedicated to Purpose-Built Student Accommodation since launch in October after earlier acquisitions of student residences in Florence, Bologna and Barcelona and takes its total investments in the last six months to over €300 million.

Minervahaven has been recognised as ‘The Most Sustainable PBSA Asset in Europe’ by student housing industry association The Class Foundation and has a BREEAM ‘Excellent-in-use’ sustainability certification.

Ardian, a world-leading private investment house, and Rockfield Real Estate, a vertically integrated living platform, have acquired the 596-bed Minervahaven student housing building in Amsterdam’s Houthavens district, as part of their pan-European strategy dedicated to Purpose-Built Student Accommodation (PBSA). The deal is one of the largest single PBSA transactions in the Netherlands on record in terms of gross asset value (GAV).

Minervahaven is the fourth investment by the pan-European student accommodation strategy in just six months from launch – after earlier acquisitions in Florence, Bologna and Barcelona – which takes total capital deployed so far to over €300 million GAV. CBRE Investment Management’s Indirect Strategies provided an initial €500 million equity commitment to the strategy. The strong momentum in fundraising continues, with an expected additional €300 million of commitments closing in Q2 2025 and a target to reach a total of €1 billion for the PBSA strategy by the end of 2025.

Minervahaven was purchased from the Rinkelberg Capital family office and has been developed and managed by Student Experience since 2020, who will continue to operate the property.

Minervahaven is strategically located near universities and the centre of Amsterdam in the Houthavens district of the city on the river IJ, to the west of its central station. The 26,060 sqm gross floor area (GFA) student accommodation has 596 fully furnished modern studios, each with a private kitchen and bathroom, alongside 300 sqm off office space and a rich variety of communal space and amenities that include a gym, cinema, co-working spaces, a rooftop terrace and green courtyard.

The property has excellent connections to the rest of the city including the nearby 17th Century central canal district, which is a UNESCO world heritage historic site, and has easy access by ferry to the upcoming trendy district of Amsterdam North. It has also been recognised as ‘The Most Sustainable PBSA Asset in Europe’ by student housing industry association: The Class Foundation and has a BREEAM ‘Excellent-in-use’ sustainability certification.

Ardian and Rockfield’s strategy is to create a diversified portfolio of high-quality assets, focusing on European markets (especially Germany, the Netherlands, Italy, Iberia and France) where student housing is in high demand and short supply in leading education hubs, characterized by a strong concentration of universities, a growing student population, and limited existing PBSA provision.

Target acquisitions are predominantly income-producing properties, but also selective forward purchase and forward-funding opportunities, capturing value through the development of new high quality student residences.

With a core+ focus, the strategy aims to create value by enhancing the operational performance of its assets, as well as their potential to contribute to the global effort of reducing GHG emissions in line with the Paris Agreement.

“This acquisition underlines our clear ambition to significantly expand Ardian’s presence in the PBSA sector across Northern Europe. With a particular focus on the Netherlands and the high potential German market, we see a tremendous opportunity to grow our portfolio with sustainable, high-quality assets that meet the evolving needs of students and cities alike. Leveraging our long-term capital and operational expertise as well as a significant project pipeline, we are committed to becoming a key player in shaping the future of student living in the dynamic European market.” Bernd Haggenmüller, Senior Managing Director Real Estate, Ardian

“Minervahaven is the ‘jewel in the crown’ of our strategy. The property’s strong sustainability credentials and the high quality of the living space exemplify the type of asset we are looking for to make this evergreen platform the leading one across Europe, as well as being a testament to the development and asset management skills of Student Experience. The strong demand for student housing in the Netherlands, which is not close to being met by sufficient supply, can be seen by the speed at which all the rooms at Minervahaven were rented out – within two days of becoming available online at the start of the 2024/25 academic year.” Wouter Van Den Eijnden, CEO, Rockfield

Rockfield and Ardian were assisted by Savills as commercial advisor, MC2 as technical advisor, Van Doorne and Linklaters as legal advisor, and PwC as tax advisor. Rinkelberg Capital and Student Experience were assisted by Van Lanschot Kempen as financial advisor and Loyens & Loeff as legal advisor.

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Apollo Closes its Debut Secondaries Fund at $5.4 Billion, Exceeding Target

Apollo logo

Brings Total Capital Raised Across Apollo S3 Platform to Nearly $10 Billion Since 2022 Launch

NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced the final close of Apollo S3 Equity and Hybrid Solutions Fund I (“ASEHS” or the “Fund”), the flagship equity secondaries drawdown strategy of Apollo’s Sponsor and Secondary Solutions (S3) platform, with approximately $5.4 billion in commitments. The final closing exceeded the target, reflecting strong support from a diverse group of global investors including pension funds, sovereign wealth funds, financial institutions and the Wealth segment. The new fund brings total capital raised across the Apollo S3 platform to nearly $10 billion since launching in August 2022.

S3 and ASEHS seek to provide a holistic set of financing and liquidity solutions, including secondary investments, net asset value (NAV) loans, GP lending, staking and more, for private markets sponsors and investors across asset classes, leveraging Apollo’s expertise in private markets and global, integrated platform. Following record levels of secondary transaction activity in 2024, Apollo believes the Fund is well positioned to continue to address significant market needs for dynamic liquidity solutions for GPs and LPs while providing strong alignment with investors.

Co-Heads of Apollo S3 Steve Lessar, Veena Isaac and Konnin Tam said, “We believe this successful fundraise solidifies S3 as a leading investment platform providing flexible capital solutions across the secondaries landscape. The strong support that we received from our global investors reflects our differentiated platform and strategy, our disciplined, partnership-oriented approach, as well as the vast and growing opportunity set in private market secondaries.”

Apollo Co-President Scott Kleinman said, “We have made incredible progress since launching our S3 business unit less than three years ago, efficiently scaling a new business line in a high-growth market. The provision of liquidity solutions in a variety of formats to both sponsors and LP investors is an increasingly important part of the financial ecosystem, and we believe the S3 platform is positioned as a creative capital solutions provider of choice amid robust market demand.”

Paul, Weiss, Rifkind, Wharton & Garrison LLP represented Apollo in connection with the closing of ASEHS.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management. To learn more, please visit www.apollo.com.

About Apollo S3

S3 is Apollo’s Sponsor & Secondary Solutions business. S3 provides flexible capital solutions to asset managers and limited partners across the risk-reward spectrum. S3 is a natural extension of Apollo’s global investment platform, offering partner-oriented capital across asset classes including private equity, private credit, infrastructure and real estate. To learn more about S3, please visit http://www.apollos3.com/.

Contacts

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

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

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Apollo Closes on $8.5 Billion for Accord+ Strategy, including $4.8 Billion for Second Vintage Fund

Apollo logo

Brings Total Assets Raised Across Hybrid and Opportunistic Credit Business to $40 Billion

NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced it has closed on $8.5 billion in total commitments for the Accord+ strategy, inclusive of $4.8 billion for Accord+ Fund II (“the Fund”) as well as separately managed accounts and related structures. The successful close of the second vintage exceeds internal targets and brings total assets for Apollo’s hybrid credit business to approximately $40 billion.

Accord+ II employs an opportunistic strategy focusing on high-conviction investments across the credit spectrum. The Fund is expected to tactically allocate to high quality, top of the capital structure investments across both private corporate credit and asset-backed finance as well as secondary opportunities as informed by prevailing market conditions.

“As rates stay higher-for-longer and volatility impacts capital flows, we see an attractive market for opportunistic credit investments, alongside our highest-conviction themes,” said Chris Lahoud, Partner and Head of Opportunistic Credit at Apollo. “We believe our scaled, integrated Credit platform positions us well to execute with speed and certainty in all market environments, including periods of dislocation.”

John Zito, Co-President of Apollo Asset Management and Head of Credit, added, “We are pleased to see strong investor demand for the latest vintage of our Accord+ series, which we view as a result of our investment acumen, alignment and the market opportunity at hand. Accord+ is also a great illustration of our focus on product innovation, building upon the original Accord dislocation strategy to respond to investor needs and deploy capital to many of our best ideas throughout market cycles.”

The Accord+ II close reflects broad support from a global and diverse group of investors including pension funds, sovereign wealth funds, financial institutions and family offices. Apollo intends to continue building its Accord strategy family within its hybrid business, including future funds and bespoke credit solutions tailored to institutional and wealth clients.

Paul, Weiss, Rifkind, Wharton & Garrison LLP represented Apollo in connection with the closing of the Accord+ II Fund.

About Apollo
Apollo is a global, high-growth alternative asset manager. In its asset management business, Apollo seeks to provide clients excess return at every point along the risk-reward spectrum from investment grade to private equity, with a focus on three core strategies: yield, hybrid, and equity. For more than three decades, Apollo’s investing expertise across its fully integrated platform has served the financial return needs of clients and provided businesses with innovative capital solutions for growth. Through Athene, Apollo’s retirement services business, it specializes in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Apollo’s patient, creative, and knowledgeable approach to investing aligns its clients, the businesses it invests in, its team members, and the communities it impacts to expand opportunity and drive positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management. To learn more, please visit www.apollo.com.

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

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

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Cegeka opens new Modern Security Operations Center (SOC) in the US

GIMV

From the heart of Europe to global 24/7 cyber resilience.

Cegeka, a leading IT company headquartered in Belgium, is expanding its global network of Security Operations Centers (SOCs) to the United States. The new Modern SOC will operate out of the headquarters of its subsidiary CTG in Buffalo, New York.

This expansion marks a major milestone in Cegeka’s growth and strengthens its ability to provide 24/7 protection against cyberattacks to customers in Europe and beyond. The new SOC is part of Cegeka’s growing Modern SOC network, which integrates advanced technology with human expertise to deliver next-level cybersecurity.
“With this expansion, we can better support our international customers, no matter the time zone,” said Fabrice Wynants, Global VP Cybersecurity & Networking at Cegeka. “Our clients can rely on our 24/7 Managed Detection & Response services, held to the highest standards, wherever they are. This not only offers peace of mind, but also ensures compliance with local data security and privacy regulations.”

Cegeka Modern SOC Network 
The new SOC in Buffalo joins Cegeka’s existing centers in Belgium and Romania, addressing the increasing demand for advanced cybersecurity services. Through its Managed Detection & Response offering, Cegeka helps organizations strengthen their defenses, especially at a time of growing regulatory pressure and a shortage of cybersecurity talent.

“The cybersecurity landscape has changed dramatically,” Wynants added. “Attacks are becoming more complex. Our solutions help customers not only detect threats early, but also respond quickly and recover efficiently. With our Security Observability Dashboard, we give businesses clear insights into their security posture and help boost their cyber resilience. Cybersecurity is no longer just a cost—it’s a strategic asset.”

From cybersecurity to cyber resilience
Cegeka Modern SOC stands apart from traditional SOCs by combining expert analysts with automated processes and detection tools. This results in more effective threat detection, faster response times, and improved recovery. Cegeka also supports organizations in making the critical shift from traditional cybersecurity to full-scale cyber resilience.

“Prevention alone isn’t enough anymore,” said Bart Watteeuw, Executive Vice President Services & Solutions at Cegeka. “In today’s threat environment, it’s not a matter of if an attack will happen, but when. Our solutions equip organizations with the tools and services to detect, respond, and recover—quickly and effectively.”

Ambitious, yet grounded 
“We’re ambitious as a group, but also realistic,” said CEO Stijn Bijnens. “Cyberattacks don’t respect borders, and neither do we. This move is a natural step in our international growth, while staying true to our European roots.”

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CVC Credit prices $475m Apidos LIII

CVC Capital Partners

CVC Credit, the $47bn global credit management business of CVC, is pleased to announce that it has successfully priced Apidos LIII (53), a new $475m Collateralized Loan Obligation (“CLO”). Societe Generale served as lead arranger for CVC Credit’s second US CLO New Issue pricing in 2025.

This is the third new CLO priced globally by CVC Credit in 2025, which combined have an aggregate value of c.$1.4bn (c.€1.3bn). Apidos LIII has a five-year reinvestment period and two-year non-call period, backed by a diversified portfolio of senior secured assets.

Cary Ho, Partner and Global Head of CLO origination at CVC Credit, said: “Apidos LIII was very well received from our global investors during very challenging market conditions, which reflects CVC’s proven track record, and the strength of our relationships with global investors across the capital stack.  We are happy with the structure and the quality of assets we have been able to purchase during the early stages of this deal.”

Quotes

We believe the volatility over the last couple of months has and will continue to create attractive investment options for our investors and we will strive to capitalize on these opportunities.

Kevin O’MearaPartner and Global Co-Head of Performing Credit at CVC Credit

Kevin O’Meara, Partner and Global Co-Head of Performing Credit at CVC Credit, added: “Our team’s activity has remained robust over the past four months, even against the backdrop of increased volatility across financial markets. Since the inception of our business in 2005, our growing and loyal investor base has entrusted us with delivering stable and consistent performance throughout cycles.  We believe the volatility over the last couple of months has and will continue to create attractive investment options for our investors and we will strive to capitalize on these opportunities.”

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CED Group expands its service offering into the German market through the acquisition of Fair Damage Group

Rivean

29 April  2025

Capelle aan den IJssel/ Mönchengladbach – The CED Group (“CED”) announces the intended acquisition of Fair Damage Control Holding GmbH (Fair Damage Group). With the acquisition of Fair Damage Group, an insurance services provider in the property and electronic devices segments in Germany, CED further expands its European footprint.

Fair Damage Group is a leading service provider for assessment and management of damages and claims in the German market, offering clients nation-wide coverage of its claims management services. Fair Damage Group services its clients under the labels faircheck Schadenservice (loss adjustment services in the Property segment), RepairConcepts (repair management for property and home interior damages) and E.Via Schadenmanagement (loss adjustment and repair of damages of electronic devices). The service offering is supported by state-of-the-art digital solutions which are developed by the in-house technology department.

CED is a leading Pan-European insurance services company, offering its clients a full range of claims management services, ranging from risk taxation and inspection to emergency assistance, together with (injury) claim loss adjustment and handling, repair in kind and recourse. CED is active in the Property, Mobility and Vitality domains and has a strong cross-border claims organisation. With the acquisition of Fair Damage, CED adds Germany as its fifth core market to its existing European footprint in The Netherlands, France, Belgium and Spain. Future-proof digitization is key in CED’s strategy to provide its clients with the best client experience, always and everywhere: better, faster and cheaper than other players; personal where necessary, digital where possible.

Dr. Stefan Reiter, CEO Fair Damage Group: ‘We are pleased to have found an excellent partner for Fair Damage Group in CED. We look forward to pursuing our growth strategy with CED by our side and to working together to fulfil the needs of our valued clients.’

François Goffinet, CEO CED: ‘The acquisition of Fair Damage Group confirms our ambition to become the European market leader in claims management services. We look forward to working together with the team of professionals of Fair Damage Group. It is great to see that we share the same values and care for our clients with a strong focus on innovation.’

The acquisition is subject to merger control clearance in Germany and is expected to close in the second quarter of 2025.

For more information:
https://cedgroup.eu/
https://fairdamage.de/en/

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