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Carlyle to sell KANAMEL to Nippon Television

Carlyle

Tokyo, Japan – 19 March 2026 – Global investment firm Carlyle (NASDAQ: CG) today announced that it has agreed to sell KANAMEL Inc. (“KANAMEL”), a leading Japanese creative production firm and consulting business, to Nippon Television Holdings, Inc. (“Nippon Television”), which owns one of major commercial television networks in Japan. The transaction, which is subject to regulatory approvals and is expected to close at the end of April 2026, will see Nippon Television acquire the remaining c.80% interest in the business, bringing its total ownership to 100% including the minority stake previously acquired in April 2025.

Carlyle acquired KANAMEL (then AOI TYO Holdings Inc.) in 2021 and has since worked closely with its management team to expand the business’ high-end content production capabilities and enter the customer experience (“CX”) consulting space. This includes helping companies in Japan design, build, and enhance the customer experience across digital, brand, and marketing touchpoints. Leveraging its strong content crafting capabilities, the company supports clients in redefining how they engage with customers and deliver differentiated brand experiences.

Carlyle accelerated this evolution through supporting KANAMEL’s acquisition of consulting firm FIELD MANAGEMENT STRATEGY (then Field Management), which enhanced KANAMEL’s capabilities in strategy and concept development. This broadened their solution offering, deepened client engagement and reinforced the business’ premium positioning.

Yasuhito Nakae, Representative Director and Group CEO at KANAMEL, said: “Carlyle has played a critical role in advancing our business transformation. Through this partnership, we successfully diversified our business by leveraging our long-established creative capabilities to expand into the consulting business, supporting our clients in new ways and strengthening the foundation for our long-term growth. This level of progress would have been unattainable without their global network and deep expertise. We are excited to be joining Nippon Television. By combining our creative and production capabilities with Nippon Television’s powerful media and content platform, we look forward to delivering greater value to audiences and clients not only in Japan but around the world.”

Jumpei Ogura, Co-Head in the Carlyle Japan advisory team, said: “It has been a privilege to work closely with KANAMEL’s exceptional management team through such a period of transformational growth. Together, we have repositioned the company as a diversified creative production and CX solutions platform. We are confident that Nippon Television is the right partner to continue the business’ success, and we look forward to watching KANAMEL thrive in its next phase.”

The sale of KANAMEL builds on Carlyle’s well-established track record of investing in the Consumer, Healthcare, Technology and Service sectors in Japan. Investments in this space include TRYT, kaonavi, Uzabase, and Simplex. Carlyle has invested more than 700 billion yen across over 40 Japanese companies since entering the Japanese market in 2000.

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About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $477 billion of assets under management as of December 31, 2025, 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 2,500 people in 27 offices across four continents. Further information is available at carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

 

Media Contacts
Carlyle

Andrew Kenny
+44 7385 662334
andrew.kenny@carlyle.com

Kaede Haseda
+81 80 4209 1053
kaede.haseda@carlyle.com

Brunswick Group

Masato Ui
+81 80 6538 2109
carlylejp@brunswickgroup.com

 

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Realty Income and Apollo to Establish Strategic Partnership

Apollo logo
Funding Arrangement Will Advance Realty Income’s Private Capital Initiative with Leading Asset Manager
Initial Apollo Investment of $1.0 Billion for 49% Equity Interest in Portfolio of Existing U.S. Realty Income Retail Assets
Cost-Efficient Long-Term Equity with 100% Permanent Equity Treatment by Rating Agencies

SAN DIEGO, CALIFORNIA, and NEW YORK, NEW YORK, March 19, 2026 – Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, and Apollo (NYSE: APO) today announced that Apollo-managed funds and affiliates intend to provide a $1.0 billion investment to Realty Income to acquire a 49% interest in a new joint venture entity that is expected to own a diversified portfolio of single-tenant retail properties subject to long-term net leases. Realty Income will continue to manage the portfolio, which includes approximately 500 retail assets that benefit from stable, contractual cash flows and are supported by Realty Income’s operating platform and long-standing asset management expertise.

“We are pleased to announce Apollo’s targeted equity investment in a highly diversified, income-producing portfolio. As real estate partner to the world’s leading companies®, we expect this partnership will serve as a template for a multi-billion-dollar, programmatic co-investing relationship in the U.S. Our size, scale, and longstanding commitment to providing dependable monthly dividends to investors make this a natural fit with Apollo’s insurance capital. Realty Income has demonstrated the ability to attract scaled commitments from partners looking to invest in our operating platform, and this new joint venture will further expand our access to efficient sources of private funding from one of the world’s leading financial institutions,” said Sumit Roy, Realty Income’s President and Chief Executive Officer.

Apollo Partner Jamshid Ehsani said, “This transaction represents a landmark deal in the public REIT space. We believe the combination of Apollo’s long-term capital with Realty Income’s large, growing and diversified portfolio of high-quality net lease assets creates a highly complementary partnership. This partnership with Realty Income represents a programmatic framework for long-term alignment and repeatable capital deployment over time.”

The joint venture represents a cornerstone component of Realty Income’s private capital initiative, which is designed to diversify the Company’s sources of capital and complement its access to the public equity markets. Realty Income expects the long-term partnership with Apollo to provide a scalable source of equity to support investment activity in long-duration, stabilized assets, while maintaining balance sheet strength and financial flexibility.

Realty Income CFO Jonathan Pong said, “This structured equity funding arrangement with Apollo is expected to unlock a source of meaningful savings relative to our long-term cost of public equity capital. Further, the cost of future tranches of this capital is expected to flex commensurate with long-term interest rates and will be priced independent of public markets, supporting a more stable source of equity. We are pleased that this structure has received permanent equity treatment by both Moody’s and S&P.”

Apollo Partner Joseph Jackson commented, “Realty Income is a leading global net lease real estate player with a long track record of disciplined growth and portfolio performance. Apollo’s intention to make a substantial upfront and anticipated follow-on investments into Realty Income’s high-quality assets demonstrates our ability to deliver differentiated capital solutions tailored to our partner’s objectives.”

Since 2020, Apollo has originated over $100 billion of bespoke capital solutions for leading companies such as Intel, Keurig Dr Pepper, Air France-KLM, BP, Sony, AB InBev, Vonovia and more.

The transaction is expected to close on March 31, 2026, subject to finalization and execution of the documentation, and customary closing conditions.

Goldman Sachs & Co. LLC acted as exclusive structuring agent and financial advisor to Realty Income, and Wells Fargo Securities served as financial advisor to Apollo.

Transaction Highlights

Under the terms of the transaction, Realty Income is expected to receive $1.0 billion of gross proceeds in exchange for Apollo’s acquisition of a 49% interest in a joint venture that indirectly owns a diversified net lease portfolio comprised entirely of single-tenant retail properties. Realty Income will manage the properties under a long-term management agreement.

Realty Income will retain the right to exercise a call option to redeem Apollo’s equity interest after year 7 and through year 15 of the joint venture, with the future call price calculated to ensure a capped IRR of 6.875% to Apollo during its ownership period.

Key portfolio metrics of the anticipated portfolio, as of December 31, 2025, are as follows:

  • Number of U.S. retail properties: ~500
  • Cash annualized base rent: $140 million
  • Weighted average remaining lease term: 9.1 years
  • Investment grade exposure (as percentage of total portfolio base rent): 28%
  • Compound annual contractual growth rate: 1.0%
  • Top five industries: Dollar Stores (9.9%), Quick Service Restaurants (8.3%), Drug Stores (7.9%), Grocery (7.7%), Health & Fitness (7.5%)

Portfolio metrics are subject to finalization and may change based on the final composition of the portfolio.

Realty Income has published an investor presentation providing additional information on this transaction, which can be found at www.realtyincome.com/investors/investor-presentation.

About Realty Income

Realty Income (NYSE: O), an S&P 500 company, is real estate partner to the world’s leading companies®. Founded in 1969, we serve our clients as a full-service real estate capital provider. As of December 31, 2025, we have a portfolio of over 15,500 properties in all 50 U.S. states, the U.K., and eight other countries in Europe. We are known as “The Monthly Dividend Company®” and have a mission to invest in people and places to deliver dependable monthly dividends that increase over time. Since our founding, we have declared 669 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats® index for having increased our dividend for over 31 consecutive years. Additional information about the company can be found at www.realtyincome.com.

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, 2025, Apollo had approximately $938 billion of assets under management. To learn more, please visit www.apollo.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, the words “estimate,” “anticipate,” “expect,” “believe,” “intend,” “continue,” “should,” “may,” “likely,” “plans,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements include discussions of the joint venture with Apollo, including the execution and completion thereof, our ability to exercise the call right to redeem Apollo’s equity interest in the joint venture and the call price payable therefor, entry into subsequent joint ventures on a programmatic basis, our business and portfolio including management thereof, and the intentions of management and dividends, including the amount, timing and payment of dividends related thereto. Forward-looking statements are subject to risks, uncertainties, and assumptions about us, which may cause our actual future results to differ materially from expected results. Some of the factors that could cause actual results to differ materially are, among others, our ability to execute and close the joint venture on the anticipated terms, or at all, our and the joint venture’s financial performance; our continued qualification as a real estate investment trust; general domestic and foreign business, economic, or financial conditions; competition; fluctuating interest and currency rates; inflation and its impact on our clients and us; access to debt and equity capital markets and other sources of funding (including the terms and partners of such funding); volatility and uncertainty in the credit and financial markets; other risks inherent in the real estate business including our clients’ solvency, client defaults under leases, increased client bankruptcies, potential liability relating to environmental matters, illiquidity of real estate investments (including rights of first refusal or rights of first offer), and potential damages from natural disasters; impairments in the value of our real estate assets; volatility and changes in domestic and foreign laws and the application, enforcement or interpretation thereof (including with respect to tax laws and rates); property ownership through co-investment ventures, funds, joint ventures, partnerships and other arrangements which, among other things, may transfer or limit our control of the underlying investments; epidemics or pandemics; the loss of key personnel; the outcome of any legal proceedings to which we are a party or which may occur in the future; acts of terrorism and war; the anticipated benefits from mergers, acquisitions, co-investment ventures, funds, joint ventures, partnerships, and other arrangements; and those additional risks and factors discussed in our reports filed with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are not guarantees of future plans and performance and speak only as of the date of this press release. Past operating results and performance are provided for informational purposes and are not a guarantee of future results. There can be no assurance that historical trends will continue. Actual plans and operating results may differ materially from what is expressed or forecasted in this press release and forecasts made in the forward-looking statements discussed in this press release may not materialize. We do not undertake any obligation to update forward-looking statements or publicly release the results of any forward-looking statements that may be made to reflect events or circumstances after the date these statements were made.

Contacts

For Realty Income:
Jonathan Pong
Executive Vice President, CFO and Treasurer
+1 858 284 5177
jpong@realtyincome.com

For Apollo:
Noah Gunn
Global Head of Investor Relations
+1 (212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
+1 (212) 822-0491
Communications@apollo.com

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Blackstone Credit & Insurance Leads $1.3 Billion Financing to Support Combination of Paratek Pharmaceuticals and Radius Health

Blackstone

NEW YORK – March 18, 2026 – Blackstone Credit & Insurance (“BXCI”) today announced that it is leading a $1.3 billion financing in support of the combination of Paratek Pharmaceuticals (“Paratek”) and Radius Health (“Radius”) that creates a scaled, multi-asset specialty pharmaceutical company.

As announced today, the newly combined Company is a specialty pharmaceutical platform with a portfolio of diverse, innovative medicines well-positioned for long-term growth. Paratek is expected to generate nearly $1 billion in annual revenue in 2026, reflecting the scale and breadth of the platform. The transaction brings together two complementary organizations backed by B‑FLEXION Life Sciences, and further advances Paratek’s growth strategy of building a pharmaceutical platform in high-need, targeted therapeutic areas.

“We are pleased to support B-FLEXION and management in the creation of a scaled specialty pharmaceutical platform,” said Jonathan Brayman, Managing Director, BXCI. “This transaction reflects our ability to provide large-scale capital solutions to life sciences companies.”

“We are proud to partner with Blackstone on this next phase of growth for Paratek, as it is a transformative transaction for both the organization and the broader platform,” said Peter Agnes, Operating Partner at B-Flexion Life Sciences. “This also represents an exciting next step in Paratek’s ability to serve patients and communities across a growing number of therapeutic areas.”

About Blackstone Credit & Insurance
Blackstone Credit & Insurance 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 Paratek Pharmaceuticals, Inc.
Paratek Pharmaceuticals, Inc. is a specialty pharmaceutical company with a portfolio of differentiated medicines serving patients across multiple therapeutic areas. The company integrates and advances commercial-stage assets through disciplined commercial execution, lifecycle management, and clinical development initiatives designed to expand and strengthen its portfolio. Paratek’s products include NUZYRA® (omadacycline), XHANCE® (fluticasone propionate), and TYMLOS® (abaloparatide). Paratek is privately held by B-FLEXION Life Sciences. For more information, visit https://www.paratekpharma.com/ or follow us on LinkedIn and X.
 
About B-FLEXION Life Sciences
B-FLEXION Life Sciences is an investment manager and part of the wider B-FLEXION group, the private, entrepreneurial investment firm that has offices across Europe and the United States and which seeds, acquires and builds investment partnerships across a number of focused fields. Through B-FLEXION Life Sciences it also makes principal investments in operating businesses across biotech, therapeutics, diagnostics, physician practice management, and more. It is an active owner, applying the experience and skills of its investment and operations team to work closely with management at its portfolio companies with the shared goals of bringing safe and effective treatments to market while also moving towards and through key value inflection points. www.bflexion.com

Contact
David Vitek
(212) 583-5291
David.Vitek@blackstone.com

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TheGuarantors Announce Growth Investment from Warburg Pincus

Warburg Pincus logo

New York, NY – March 18th, 2026 — TheGuarantors, the leader in residential lease guarantee solutions and AI-powered underwriting for the rental housing market, today announced a majority investment from Warburg Pincus, the pioneer of global growth investing. The investment will allow the company to scale, broaden access to housing for millions of renters, and continue building a market‑leading platform with long‑term impact across the U.S. rental ecosystem.

TheGuarantors will continue to operate under its existing leadership team and is excited to partner with Warburg Pincus on its next chapter as it looks to further accelerate platform expansion, advance data and AI capabilities, and deepen partnerships with property owners and managers nationwide.

TheGuarantors has pioneered lease guarantee solutions that enable renters to qualify for homes while protecting property owners against default risk. Today, the platform supports a footprint of over 3.5 million rental units across many of the largest institutional property management companies in the United States and has protected more than $6 billion in lease value. The company’s products are supported by a panel of premier carriers and reinsurers, enabling scalable and resilient insurance capacity. Through its proprietary automated underwriting engine, TheGuarantors leverages advanced machine learning, cash-flow analytics, and alternative data to render real-time risk decisions in under 10 seconds, delivering scalable coverage infrastructure embedded directly into leasing workflows.

The investment comes at a time of growing complexity across the multifamily housing sector. Renters are facing heightened financial pressure driven by affordability constraints, elevated costs of living, and tighter income and credit conditions, making qualification increasingly difficult despite strong demand for rental housing, with over 20% of renter households not qualifying on the first attempt. At the same time, property owners and operators are navigating rising operating expenses, insurance costs, and capital market headwinds that are placing pressure on net operating income. In this environment, solutions that expand renter accessibility while protecting asset performance and cash flow have become increasingly critical infrastructure for the industry.

Julien Bonneville, Founder and Chief Executive Officer of TheGuarantors, said:

“This investment represents a defining moment for TheGuarantors. From day one, our vision has been to build the risk infrastructure layer for residential renting, removing friction from the leasing process while expanding access for millions of renters, empowering them to qualify for the home they want. Warburg Pincus brings deep experience scaling fintech and insurance platforms globally. With their partnership, we will accelerate innovation in AI underwriting, expand our platform capabilities, and continue delivering best-in-class outcomes for both renters and property managers and owners.”

Jeff Stein, Managing Director, Head of U.S. Financial Services at Warburg Pincus, said:

“TheGuarantors has built the category-defining platform in residential lease guarantees. The company’s combination of proprietary data, AI-driven underwriting, and deep integrations with leading property managers creates a powerful value proposition for both tenants and landlords. We see substantial opportunity to scale the platform further as institutional ownership of rental housing grows and demand rises for smarter, technology-enabled risk solutions. We are excited to partner with Julien, Leo, and the entire management team as they accelerate growth and expand the company’s impact across the U.S. rental ecosystem.”

The transaction is expected to close by the end of the second quarter of 2026, subject to regulatory approvals and other customary closing conditions.

Evercore acted as financial advisor to TheGuarantors. Cooley LLP acted as legal advisor to TheGuarantors. Howden Capital Markets & Advisory LLC served as financial advisor to Warburg Pincus. Wachtell, Lipton, Rosen & Katz served as legal advisor to Warburg Pincus. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as financing counsel to Warburg Pincus. Greenberg Traurig, LLP served as insurance counsel to Warburg Pincus.

About TheGuarantors
TheGuarantors is the leading residential lease guarantee platform, helping renters qualify for homes while protecting property owners against financial risk. Through proprietary AI underwriting, insurance-backed coverage solutions, and deep integrations with property management systems, TheGuarantors enables faster leasing, higher approval rates, and reduced bad debt exposure. The platform supports approximately 3.5 million units across the nation’s largest institutional property managers and has protected more than $6 billion in lease value nationwide.

About Warburg Pincus
Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Over the past five decades, Warburg Pincus has been a leader in investing in financial services companies, deploying nearly $27 billion in over 160 companies across market cycles and remains highly active in today’s dynamic environment. The firm is an active investor in insurance and fintech, with past and current investments including Arch Capital, Avalara, Avaloq, Clearwater, Fetch Pet Insurance, Foundation Risk Partners, IntraFi, K2 Insurance Services, Keystone Agency Partners, McGill & Partners, ParetoHealth, and RenaissanceRe, amongst others.

Today, the firm has more than $100 billion in assets under management, and more than 215 companies in its active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,100 companies across its private equity, real estate, and capital solutions strategies. The firm is headquartered in New York with more than 15 offices globally. For more information, please visit www.warburgpincus.com or follow us on LinkedIn.

Contact

Sarah Bloom, Director, Communications, Warburg Pincus

Sarah.bloom@warburgpincus.com

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Verdane and Bpifrance partner with Medadom to expand access to healthcare services in France and across Europe

Verdane Capital

Verdane, the European specialist growth buyout investment firm, today announces an investment into and partnership with Medadom, a leading French teleconsultation provider, alongside Bpifrance, the French sovereign fund.

Verdane has extensive experience navigating regulated reimbursement environments and scaling technology-enabled healthcare platforms such as Pflegecampus, Evondos and Smartbox.

Founded in 2017, Medadom has played a pioneering role in shaping teleconsultation in France. The company was the first teleconsultation provider to receive accreditation from the French Ministry of Health and has established a leading position in the market through a high-quality, secure and accessible model of care.

In addition to its pure digital offering, Medadom operates 5,500 physical teleconsultation units in pharmacies and optical stores across France and has facilitated more than 9 million teleconsultations. The company provides an important digital healthcare solution in areas affected by limited access to medical professionals, helping to improve access to care for underserved populations.

The investment will support Medadom in expanding access to healthcare services in France and across Europe, broadening its service to include additional care verticals and further strengthening its medical governance and technology platform. Over time, the partnership is also intended to support a measured expansion into other European markets, building on the company’s established position in France.

As part of the transaction, Medadom founders Elie-Dan Mimouni and Nathaniel Bern regain majority ownership of the business as they partner with Verdane and Bpifrance to support the next stage of the company’s development. Medadom’s former partner Gsquare Capital has realised its investment in the business.

The investment in Medadom marks Verdane’s first investment in France, a natural step for the firm as it continues its European growth investment strategy.

Completion of the transaction is expected later in 2026, subject to customary regulatory approvals and closing conditions.

Elie-Dan Mimouni, Co-Founder of Medadom, said: “Verdane and Bpifrance’s investments mark a strategic milestone for Medadom. Their combined expertise in healthcare and technology will enable us to create even greater value for patients, our partner pharmacists and opticians, as well as for the physicians practicing on our platform, while further consolidating a demanding, responsible model centered on the quality of medical care delivery.”

Moez Gharbi, Partner at Verdane, said: “Our in-depth analysis of the healthcare technology sector made it clear that Medadom stands out as a trusted, scalable leader in telehealth. Its distinctive model combines medical excellence with accessible, technology-enabled care. We have been particularly impressed by the powerful flywheel inherent to its unique digital and phygital approach, the strength of its governance and its clear commitment to responsible healthcare delivery. At the same time, it is encouraging to see French authorities taking thoughtful steps to improve access to care, particularly in underserved areas. We look forward to working closely with Elie-Dan, Nathaniel and the wider Medadom team along with Bpifrance to invest in the company’s continued growth.”

Benoist de Saint Lager, Senior Investment Director at Bpifrance said: “Our investment in Medadom is fully aligned with our investment thesis: addressing the major societal challenge of providing healthcare access for everyone across the country. Teleconsultations have proven to be an effective way to tackle healthcare accessibility issues, ease pressure on the healthcare system by increasing available medical time and relieve congestion in hospital emergency departments. As Medadom’s partner, Bpifrance aims to support the long-term development of its teleconsultation offer in France, where there is still significant room for market penetration improvement when compared with some European neighbours that are currently more advanced in the telehealth field.”

About Medadom

Founded in 2017, Medadom is a French teleconsultation provider accredited by the French Ministry of Health. The company delivers secure and patient-centred remote medical consultations through a network of more than 5,500 teleconsultation kiosks located in pharmacies and optical stores across France. With more than 9 million consultations completed, Medadom plays a central role in improving access to healthcare, particularly in medically underserved areas. The company has been part of the French Tech 120 programme since 2021, a Government-led flagship initiative designed to support and accelerate the growth of France’s most promising scale-ups.

About Verdane

Verdane is a specialist growth buyout investment firm that partners with tech-enabled and sustainable businesses that help to digitalise and decarbonise the European economy. The flexible mandates of Verdane funds allow it to invest as a majority or minority control investor, replacement or growth capital, in single companies or in portfolios of companies

Verdane has raised €9 billion in capital and its funds have made more than 200 investments in fast-growing businesses since 2003. Verdane’s team of over 150 investment professionals and operating experts is based out of Berlin, Copenhagen, London, Helsinki, Munich, Oslo and Stockholm and combines deep sector expertise with long-standing local networks and presence in core European markets.

Verdane is also a certified B Corporation, the most ambitious sustainability accreditation globally. The firm only backs businesses that pass its 2040 test, which indicates whether the company can thrive in a more sustainable future economy.

Verdane is partly owned by the Verdane Foundation, which is focused on two areas: climate change and more equitable and inclusive local communities.

More info: www.verdane.com
Follow Verdane on LinkedIn

Press Contact

Verdane Press Office
press@verdane.com

About Bpifrance

Bpifrance Investissement is the management company that handles Bpifrance’s equity investments. Bpifrance is the French national investment bank: it finances businesses – at every stage of their development – through loans, guarantees, equity investments and export insurances. Bpifrance also provides extra financial services (training, consultancy) to help entrepreneurs meet their challenges (innovation, export…). For more information, please visit: https://www.bpifrance.com/ Follow us on Twitter: @Bpifrance – @BpifrancePresse and LinkedIn.

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Duravent Group, Venting and Air Quality Solutions Leader, Secures Strategic Growth Investment from Bain Capital

BainCapital

Investment to accelerate Company’s growth and further scale its industry-leading platform 

Detroit, MI – March 18, 2026 – Duravent Group™ (“Duravent” or the “Company”), a leader in the venting and air movement industries and trusted partner to HVAC professionals, today announced it has secured a significant strategic growth investment from Bain Capital.  Bain Capital will partner with Duravent’s leadership team, led by President and CEO Simon A. Davis, and Egeria, the Company’s existing investor, to accelerate the Company’s next phase of growth, deepen its category leadership, and expand its platform through both organic investments and strategic acquisitions.  Financial terms of the private investment were not disclosed.

Headquartered in Detroit, Michigan, Duravent traces its heritage back to 1901 and has been a pioneering leader in venting solutions for over six decades.  The Company operates 14 distinct brands in several locations across the United States, Canada, and Mexico.  With world-class manufacturing capabilities and distribution networks, Duravent remains at the forefront of venting technology, offering high-quality products designed to meet the evolving needs of both residential and commercial applications.

“This investment is a testament to the strength of our platform and the trust we have earned from customers as the leading provider of venting solutions that stand the test of time,” said Simon Davis. “Bain Capital’s extensive industry expertise and operational capabilities make them the ideal partner to accelerate our next phase of growth. We have been fortunate to have an active, strategic investor in Egeria that has enabled us to build the Duravent Group into the business it is today. Adding Bain further enables us to execute our strategic vision focused on accelerating growth, strengthening our category leadership, and enhancing the differentiated value and service we provide to customers and channel partners.”

The investment was made by Bain Capital’s Special Situations team, which has deep experience investing and partnering to support the growth of industrials companies around the world.

“With a market-leading platform in the venting, filtration, and air quality industries and a more than 100-year legacy of engineering excellence, Duravent is renowned for delivering the most reliable, cutting-edge HVAC systems for homeowners, contractors, and industry professionals,” said Matt Evans, a Partner at Bain Capital Special Situations.  “Simon and his team have done an impressive job of deepening the Company’s value proposition rooted in a customer-first mentality.

“We look forward to a collaborative partnership that builds on Duravent’s rich history of innovation and supporting the growth of the platform both organically and through strategic acquisitions while preserving its unwavering commitment to quality and safety,” added Chris Sun, a Managing Director at Bain Capital Special Situations.

“We are excited to have Bain Capital join us in Duravent’s next chapter,” said Egbert Prenger, Egeria’s CEO. “We see tremendous opportunity to combine our capabilities and resources to support Duravent’s continued expansion. This partnership is consistent with Egeria’s Evergreen investment approach to remain invested in companies over the long term and enable them to realize their full potential.”

Jefferies LLC acted as financial advisor, and Weil, Gotshal & Manges LLP served as legal advisor to Bain Capital.  J.P. Morgan and Baird acted as financial advisors, and Paul Hastings served as legal advisor to Egeria and Duravent.

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About Duravent Group 
Duravent Group™ is a climate technology leader in the venting and air quality industries and known for first-to-market innovations moving the industry into the future. Headquartered in Detroit, Michigan, Duravent Group operates 14 distinct brands in several manufacturing and distribution centers across Canada, Mexico, and the United States.

With superior manufacturing capabilities, world-class distribution networks, and customer-first service and support, Duravent Group ensures quality and drives safety through scientifically proven materials and unequaled engineering. For more information about Duravent Group, visit duraventgroup.com.

About Bain Capital 
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $215 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

About Egeria
Established in 1997, Egeria is an independent pan-European investment company focused on mid-sized companies in the Benelux and DACH region. Egeria believes in building businesses jointly with entrepreneurial management teams (Boldly Building Together). Egeria’s private equity portfolio comprises investments in more than 20 companies with total revenues of around 3.0 billion euros and over 14,000 employees.

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KKR Forms $310 Million Strategic Partnership with PMI Electro to Scale E-Bus Platform Allfleet

KKR

Transaction marks milestone first KKR Global Climate Transition investment in India

MUMBAI, India–(BUSINESS WIRE)– KKR, a leading global investment firm, Allfleet India Private Limited (“Allfleet”), and PMI Electro Mobility Private Limited (“PMI Electro”), a manufacturer of electric commercial vehicles in India, today announced the signing of definitive agreements under which KKR-managed funds will commit up to $310 million to form a strategic partnership with Allfleet and PMI Electro to help scale Allfleet’s electric bus (“e-bus”) platform and further advance PMI Electro’s manufacturing capabilities. As part of the investment, KKR will acquire a majority stake in Allfleet and minority stake in PMI Electro. This marks the first KKR Global Climate Transition investment in India and the strategy’s eighth investment globally, including recent investments in Australia.

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Established in 2022, Allfleet (operating through its subsidiaries) is PMI Electro’s e-bus platform, focused on developing, owning, and operating large-scale electric public transport fleets. Today, Allfleet is on course to deploy a fleet of more than 5,000 e-buses, operating under long-term concession and service agreements with multiple state transport authorities supporting urban mobility needs across key cities.

As India accelerates its transition towards decarbonization and cleaner urban mobility, the need to scale reliable and efficient electric public transport infrastructure becomes increasingly critical. KKR’s investment will support Allfleet’s continued growth and strengthen its ability to collaborate with public transport authorities to expand e-bus fleets across key cities, and help deliver cleaner and more reliable public transport for Indian commuters. This builds on an integrated, end-to-end solution spanning manufacturing, ownership, operations, and lifecycle support enabled by the ongoing partnership between Allfleet and PMI Electro, an early mover in e-buses in India.

“Transport electrification is a critical pillar of the energy transition, and India – with its scale, urbanization trends, and decarbonization ambitions – represents one of the most significant opportunities for the sector globally,” said Neil Arora, Partner and Head of KKR’s Climate Transition strategy for Asia Pacific. “The differentiated combination of Allfleet’s proven, scalable platform and PMI’s manufacturing and service expertise stands out as a full-service solution in this market. We look forward to supporting Allfleet’s next phase of growth by working together with PMI and leveraging KKR’s global operational expertise and experience investing across climate transition.”

Aanchal Jain, CEO, PMI Electro and Director, Allfleet, said: “This investment by KKR marks a defining milestone in our journey and is a powerful endorsement of the integrated electric mobility platform we have built at Allfleet. PMI Electro’s vision is to create a scalable, reliable, and future-ready ecosystem that can transform public transport in India. As our cities grow and mobility needs evolve, clean, efficient, and accessible public transport will play a central role in shaping a more sustainable future.”

“Alongside KKR, the company will continue to focus on responsible scale-up and expanding its presence across Indian cities. This collaboration reflects the alignment of institutional capital, Indian manufacturing capabilities, and on-ground execution in delivering mobility solutions of national relevance.”

KKR is making this investment from its Global Climate Transition strategy. This marks KKR’s latest investment in India and first Global Climate Transition investment in the country. Since 2010, KKR has committed more than $44 billion to climate and environmental sustainability investments. Other KKR Climate investments have included Zenobē, a UK-based transport electrification and battery storage solutions specialist; CleanPeak, an Australian distributed energy platform; HMC Capital’s Energy Transition Platform, a battery energy storage and renewable energy generation platform in Australia; EGC, an energy service provider in Germany; Dawsongroup, an independent asset leasing business providing a diverse range of business-critical solutions; Avantus, a solar and solar-plus-storage developer in the US; and IGNIS P2X, an industrial decarbonisation platform.

The transaction is expected to close in mid-2026, subject to customary regulatory approvals.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About Allfleet

Allfleet is an electric bus operating platform established by PMI Electro, focused on developing, owning and operating large-scale electric public transport fleets through its subsidiaries to deliver services across multiple cities. Allfleet follows a concession-led operating model designed to provide continuity and performance over the lifecycle of public transport assets. Its operations integrate electric vehicles, fleet management systems, and on-ground execution capabilities to support the deployment and management of public transport services.

About PMI Electro

PMI Electro, a manufacturer of electric commercial vehicles in India, offers an electric bus portfolio comprising 7-metre, 9-metre, and 12-metre models, along with electric school buses. To date, more than 3,000 PMI electric buses have been deployed across more than 30 cities in India, supporting a cleaner public transport ecosystem.

For more information, please contact:

KKR Asia Pacific
Wei Jun Ong
+65 6922 5813
weijun.ong@kkr.com

PMI Electro / Allfleet
Rohit Maggo
+91 99999 59998
rohit.maggo@pmielectro.com

Source: KKR

 

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Intercontinental Exchange Launches ICE Private Credit Intelligence with Apollo as Anchor Partner

Apollo logo

ATLANTA & NEW YORK–Intercontinental Exchange, Inc. (NYSE: ICE), one of the world’s leading providers of financial market technology and data powering global capital markets, today announced the launch of ICE Private Credit Intelligence, which will bring greater transparency to the private credit market. Apollo (NYSE: APO) is supporting the launch as an anchor partner and ICE expects to onboard additional originators, asset managers and capital markets participants over the coming months.

The $40 trillion private credit market has experienced rapid growth over the last decade, fueled by regulatory change, increased adoption among large, high-quality corporate borrowers and growing global demand for long-duration capital. As the market grows and public and private markets converge, the data infrastructure supporting the asset class has not kept pace, creating a need for greater transparency, standardized data and clearer information for investors.

ICE Private Credit Intelligence establishes a private credit data infrastructure layer that is largely consistent with the experience of public credit markets. Key features include:

  • Secure, permissioned data sharing utilizing a standardized reference data set that enables the flow of deal-level information with authorized counterparties without exposing proprietary data broadly.
  • Scalable data distribution and extraction, leveraging ICE’s technology stack to ingest deal documents, extract key terms and data points and distribute secured, consistent information at scale.
  • Expanded capabilities over time, including performance analytics and pricing insights to enhance portfolio management, risk assessment and market transparency.

“Since ICE was founded over 25 years ago, we have been using sophisticated technology to modernize markets and offer innovative new services to our customers that help manage risk and support their alpha generation initiatives,” said Chris Edmonds, President of ICE Fixed Income and Data Services. “By bringing our vast data science expertise, and working with a leading firm like Apollo, we’re excited to launch a new service that will solve crucial challenges in the private credit market and ultimately offer new opportunities to our customers.”

“As private credit continues to scale, the next phase of the market’s evolution will require stronger infrastructure and more standardized data that enables market participants to own and transact in private credit in a way that mirrors the public credit experience,” said Eric Needleman, Partner and Head of Apollo Capital Solutions. “Working with Intercontinental Exchange to develop the foundational data layer that the market has historically lacked is an important step toward improving transparency, enabling more efficient market activity and supporting the continued maturation of private credit.”

Apollo is a leader in private credit that has taken several steps to support the continued evolution of the asset class with more frequent pricing and transparency, including launching a dedicated secondary trading effort last year that has already facilitated nearly $10 billion of trading volume. Apollo is also beginning to transition to more frequent pricing reporting across its credit business, as private credit increasingly serves as a core fixed income allocation replacement in investor portfolios amid more fragmented and less liquid public fixed income markets.

ICE is a global leader in fixed income and data services, providing comprehensive fixed income execution, clearing and data solutions that can help enhance market insights, manage risks, and uncover investment opportunities. ICE provides fixed income evaluations on approximately three million instruments, reference data across global markets, and indices across all asset classes, with $2 trillion in AUM benchmarked to them. For connectivity and data access, ICE offers a suite of desktop solutions and data feeds, as well as the ICE Global Network, which offers high-quality content, delivery and execution services through ultra-secure, highly resilient fiber and wireless networks.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges — including the New York Stock Exchange — and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 — Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC on February 5, 2026.

Category: Fixed Income and Data Services

SOURCE: Intercontinental Exchange

ICE-CORP

Contacts 

ICE Media Contact
Damon Leavell
damon.leavell@ice.com
+1 212 323 8587

media@ice.com

ICE Investor Relations Contact:
Steve Eagerton
+1 904 854 3683
steve.eagerton@ice.com

investors@ice.com

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Kestrel Capital announces Nick Tucker as Chairman

IK Partners

Kestrel Capital (“Kestrel” or “the Company”), a leading independent Irish wealth manager, is pleased to announce the appointment of Nick Tucker as its new Chairman, effective since January. His appointment marks an important milestone as the Company enters its next phase of growth and platform development

The appointment reflects Kestrel’s continued focus on strengthening governance, enhancing strategic oversight and supporting long-term value creation as the business continues to scale. Nick brings more than four decades of senior leadership experience across the Wealth and Investment Management sectors, having held prominent roles at firms such as UBS and Merrill Lynch, most recently serving as Chief Executive Officer of Waverton Investment Management (“Waverton”). During his tenure, Nick guided Waverton through its private equity backed merger with London & Capital, helping to establish W1M Wealth Management as a leading international wealth and investment management firm.

Nick succeeds Donall Gannon, who stepped down from the role at the end of 2025 following more than 10 years working closely with Kestrel. During Donall’s tenure as Chairman, Kestrel underwent a period of significant transformation, evolving from a start-up in 2015 into a leading independent MiFID-regulated wealth manager, growing assets under management to over €1 billion. He also played a key role in supporting the Company through a major phase of strategic development, which saw it successfully securing of significant investment from IK Partners, a leading European private equity firm, in 2025.

As Chairman, Nick will work closely with the Board and management team to support Kestrel’s strategic direction, strengthen its governance framework and help advance the Company’s growth agenda, including broadening its service offering, developing its advisory team and pursuing selective complementary acquisitions.

Headquartered in Dublin, Ireland, Kestrel was founded in 2015 and is led by John Crowe, Danny McGinley and Kenny Hope. Together, the management team has a combined experience of more than 70 years in wealth management and continues to focus on delivering high-quality, client-centric advice to support long-term wealth preservation.

John Crowe, Founder and CEO of Kestrel, said: “On behalf of the Board and all at Kestrel, I’d like to thank Donall for his exceptional contribution over the past decade — his unwavering support has been instrumental in shaping Kestrel into the business it is today. We are delighted to have appointed Nick as Donall’s successor and firmly believe that his expertise, strategic insight and leadership experience within the Wealth Management sector will be invaluable to the Board and management team as we continue to broaden our offering, invest in our team and execute our long-term strategy.”

Nick Tucker, incoming Chairman of Kestrel, commented: “I am delighted to have joined Kestrel at such an exciting point in its journey. The Company has established itself as a clear leader in its field with a strong reputation, compelling client proposition and an impressive growth story on which to build upon. I look forward to working closely with the Board and management team to support the next phase of Kestrel’s development.”

Contact

IK Partners
Vidya Verlkumar – Director of Communications and Marketing
Phone: +44 (0) 7787 558 193
vidya.verlkumar@ikpartners.com

About Kestrel Capital

Kestrel Capital is an independent, employee-owned Investment Advisory and Management firm, supporting high-net-worth individuals, family offices, corporations, charities, foundations and retirement plans. Kestrel Capital provides access to global financial markets via world class international trading platforms. For more information, visit kestrel.ie

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Bain Capital to Acquire Perpetual Wealth Management

BainCapital

SYDNEY — March 16, 2026 — Bain Capital, a leading global private investing firm, today announced its acquisition of Perpetual Wealth Management, a leading Australian-based wealth management business currently owned by Perpetual Group. Details of the sale agreement have been announced to the Australian Securities Exchange.The investment is made by the firm’s Private Equity team in Australia.

Perpetual Wealth Management has AU$21.9 billion in Funds under Advice as at 31 December 2025 and has been operating for more than 135 years. Perpetual Group’s wealth management business services high-net worth clients, not for profits, and private businesses through brands such as Perpetual Private, Fordham, Jacaranda Financial Planning, and Priority Life.

Geoff Lloyd, the former Perpetual Group CEO from 2012 to 2018, will become the Executive Chair of the business under Bain Capital’s ownership.

Australian-based Partners Mike Murphy and Charles Lawson have led the Bain Capital investment.

Mike Murphy, a Partner at Bain Capital said: “Perpetual Wealth Management is one of the best known wealth platforms in Australia. It has industry-recognised advisers and a highly respected brand. The business is underpinned by strong and defensive Funds Under Management; the depth of client relationships and the non-discretionary nature of trust funds set the business apart from competitors.

“The business has significant growth potential through targeted investment, including in systems and technology upgrades. Bain Capital will support management to deliver that growth.”

Charles Lawson, a Partner at Bain Capital said: “The Australian wealth sector is growing strongly, underpinned by macro trends including an aging population, wage growth, and the need to manage intergenerational transfers of A$5Tn+ over coming decades. Against this backdrop, financial advice in Australia remains highly fragmented and we believe there will be opportunities to help drive consolidation through the Perpetual Wealth Management business.”

Geoff Lloyd said: “Under Bain Capital’s ownership Perpetual Wealth Management will have the freedom to modernise, to innovate, and to grow, without losing sight of the values and heritage that define it. It is an exciting opportunity to create even more value for our clients and our people.”

The current intention is to complete the sale transaction towards the end of the 2026 calendar year subject to obtaining FIRB and ACCC approvals.

ENDS

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, portfolio companies, 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 1,900 employees, and approximately $215 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

About Perpetual Group 

Perpetual Limited (Perpetual Group) is an ASX listed (ASX:PPT) global financial services firm operating a multi boutique asset management business, and wealth management and trustee services businesses. Perpetual Group owns leading asset management boutiques including Perpetual, Pendal, Barrow Hanley, J O Hambro, Trillium and TSW, as well as the Regnan brand. Perpetual Group’s wealth management business services high-net worth clients, not for profits, and private businesses through brands such as Perpetual Private, Fordham and Jacaranda Financial Planning. Perpetual Group’s corporate trust business provides services to managed funds, the debt market and includes a growing digital and markets business. Headquartered in Sydney, Perpetual services its global client base from offices across Australia as well as internationally from Asia, Europe, the United Kingdom and United States.

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