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Apollo Funds to Acquire Pan-European, Highly Interconnected Colocation Data Center Business from STACK Infrastructure, a portfolio company of Blue Owl Digital Infrastructure

Apollo logo

LONDON and NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed infrastructure funds (the “Apollo Funds”) have agreed to acquire the European colocation business (the “Company”) developed and managed by STACK Infrastructure, a portfolio company of Blue Owl Digital Infrastructure Advisors LLC (“BODI”) in a carve-out transaction.

The Company comprises seven data center assets in strategic, highly interconnected locations across five key European markets – Stockholm, Oslo, Copenhagen, Milan and Geneva – serving the data center and connectivity needs of a diverse portfolio of blue-chip enterprise clients, including telecommunications carriers, IT and services companies and financial institutions.

Sherif Rizkalla, CEO of the Company, said: “We are delighted to partner with Apollo to accelerate growth of our business as a new, standalone company. Leveraging Apollo’s expertise in infrastructure, significant access to resources and support, we believe we are extraordinarily well-positioned to capitalize on our industry’s tailwinds and bring even more value to our customers, employees and other stakeholders.”

Adam Petrie, Partner at Apollo, said: “We are strong believers in the fundamental tailwinds behind the demand for data center infrastructure. In particular, we believe high-quality, interconnected colocation businesses with differentiated value propositions like the Company’s offer an attractive, secular growth opportunity for the long-term. We are very excited to partner with Sherif and his team in taking this business to the next level and expanding its presence across Europe.”

“A client-first approach is at the heart of STACK, which is why we established a dedicated enterprise colocation business unit in EMEA last year,” said John Eland, Chief Executive Officer, STACK EMEA. “The strategic creation of the colocation business unit enabled us to support the specialised requirements of the hyperscale sector, whilst also enabling our colocation experts to deliver exclusively on the needs of the enterprise sector. As STACK EMEA evolves to focus primarily on hyperscale clients, this transaction solidifies our commitment to hyperscale data center development and operations whilst our former enterprise colocation clients will continue to receive the highest standard of performance and support from dedicated experts.”

As part of the carve-out transaction, the management team and all employees currently operating the EMEA colocation business within STACK are expected to migrate with the Company, which will be re-branded and will no longer bear the “STACK Infrastructure” name or logo. STACK will continue its growth trajectory with a focus on hyperscale development and operations across key EMEA markets.

The transaction is subject to satisfaction of certain closing conditions, including regulatory approvals.

Latham & Watkins LLP served as legal counsel to the Apollo Funds.

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 BODI

BODI is part of Blue Owl’s Real Assets platform and a leading manager of global real estate private equity funds focused exclusively on investing in the digital infrastructure sector. BODI makes investments in digital infrastructure assets, including data center assets and other technology and connectivity-related assets and service providers all on a global basis. As of December 31, 2024, the funds managed by BODI had approximately $14.2 billion in assets under management. Blue Owl is a global alternative asset manager with $251.1 billion AUM as of December 31, 2024.

About STACK Infrastructure

STACK provides digital infrastructure to scale the world’s most innovative companies. With a client-first approach, STACK delivers a comprehensive suite of campus, build-to-suit, colocation, and powered shell solutions in the Americas, EMEA, and APAC regions. With robust existing and flexible expansion capacity in the leading availability zones, STACK offers the scale and geographic reach that rapidly growing hyperscale and enterprise companies need. The world runs on data. Data runs on STACK.

For more information about STACK, please visit: www.stackinfra.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

STACK Infrastructure Contacts
Stephanie Srikandarajah
press-emea@stackinfra.com

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SAMY Alliance expands European footprint with acquisition of Intermate

Bridgepoint

In a strategic move to solidify its position as the leading independent social-first marketing group, Bridgepoint portfolio company SAMY Alliance has announced the acquisition of Intermate, a top-tier German social media and influencer marketing agency. This acquisition, backed by Bridgepoint’s recent reinvestment in SAMY Alliance, represents a significant milestone in the company’s ambitious growth strategy.

Intermate: A Social-first powerhouse in Germany

Founded in 2015, Intermate has emerged as a category leader in end-to-end social media marketing, leveraging proprietary technology and a data-driven platform to deliver best-in-class execution and creator-led strategies. With a focus on maximum brand reach, superior efficiency, and data-driven insights, the company has established itself as a trusted partner for blue-chip leading brands across industries such as automotive, telecommunications, and consumer goods. Operating with a team of 250 employees across Berlin, Hamburg, and Cologne, Intermate generates nearly 100% of its revenue in Germany, making it a dominant force in the market.

Strengthening Intermate’s leadership in Germany

This move will provide Intermate with access to SAMY’s capabilities and tools to deliver enhanced service to its clients. It will also position Intermate as a global social powerhouse, allowing them to offer not only excellence across DACH, but also a unified, data-driven social media and creator approach that can scale locally across markets in Europe and the Americas.

The founders and management team at Intermate will continue to focus on delivering the best service and social first experience to their clients in DACH and beyond as key stakeholders in the ongoing creation of a global independent social first leader.

A transformative move for SAMY Alliance

This acquisition marks a significant step forward for SAMY Alliance, expanding its reach into the DACH region (Germany, Austria, Switzerland)—a key European market for social media and influencer marketing. By integrating Intermate’s advanced technology, deep market expertise, and strong client relationships, SAMY also strengthens its position in complementary verticals including healthcare, retail, and e-commerce, while further enhancing its capabilities in paid social, content production, and data-driven consulting.

With Intermate’s social-first approach and proprietary tech, SAMY will scale its services across key platforms like YouTube and TikTok, reinforcing its ability to help brands stay culturally relevant and ahead of digital trends.

This acquisition is also a milestone in SAMY Alliance’s ongoing European expansion, following the opening of its Milan office. With an established presence in the UK, Iberia, Finland, Italy and now Germany, SAMY continues to build a robust network, solidifying its status as a leading independent force in social-first marketing.

Juan Andrés Elhazaz, CEO of SAMY Alliance commented: “Since starting out, in 2012 for SAMY and 2015 for Intermate, both companies have shared the same ambition: to lead and shape social media communication with the boldest brands. We’ve always seen ourselves as pioneers, challenging the status quo and helping brands connect with people in more authentic, creative and impactful ways. Together, we are ready to lead the evolution of communications and shape the future of social media marketing at a global scale.”

Philip Papendieck Co-Founder/ CEO of Intermate added: “For the past ten years, Intermate has been on a mission to shape the social media landscape. In this new chapter, we are incredibly proud to join forces with SAMY Alliance, becoming one of the world’s largest independent social and influencer agency networks with over 800 colleagues across 15 countries. What excites us most is our shared dynamic and social-first mindset. Our teams, especially in the fields of tech and AI, are already working together to leverage our combined capabilities for our clients’ benefit.”

Héctor Pérez, Deputy Managing Partner of Bridgepoint Europe concludes: “This marks another important milestone in SAMY Alliance’s international growth journey, and Bridgepoint is pleased to support the team as they continue to scale globally. Expanding into the DACH region with a partner like Intermate strengthens SAMY’s integrated proposition and brings together two highly complementary businesses with deep local expertise and a shared vision. This is a strong step forward in realising SAMY’s potential as a global category leader in social-first digital marketing.”

Building the future of social media marketing

As SAMY Alliance continues to expand through strategic acquisitions and organic growth, it remains committed to becoming the leading independent force in social media marketing. By leveraging technology, data, and intelligence-fueled creativity, SAMY aims to shape the future of the industry, helping bold brands stay culturally relevant in an ever-evolving digital landscape.

The acquisition of Intermate is another milestone in this journey, reinforcing SAMY Alliance’s position as the go-to partner for brands looking to harness the power of social-first marketing.

The transaction is supported by SAMY Alliance’s existing investment partner Bridgepoint, which became the company’s majority shareholder in 2025.

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Platinum Equity’s Credit Team Leads Refinancing for Impact Climate Technologies

Platinum

Incumbent lender Platinum steps up again with new financing solution to support ICT’s continued growth

LOS ANGELES (April 30, 2025) – Platinum Equity announced today it led a financing for Impact Climate Technologies to refinance its existing indebtedness and support future growth of the business.

ICT is a leading supplier of design-assist engineering and manufacturers’ representation services to the commercial HVAC industry across data center, healthcare, life sciences, education, government, industrial and other commercial end markets.  ICT offers a comprehensive range of HVAC product lines, including custom air handling units, packaged equipment, precision cooling equipment, air distribution, fans, sheet metal products and a variety of other specialty applied equipment and commercial components.

ICT’s operating companies include local firms like Tom Barrow Company (Southeast), RF Peck (upstate NY), H&B Engineered Products (Mid Atlantic), Indiana Thermal Solutions (Midwest), Keller Rivest (Midwest), DMR Associates (Mid Atlantic), Texas Air Products (Texas), Fontanesi & Kann (Midwest), Biogrid (Midwest) and Architectural Building Products (Midwest).

“ICT and Ardian have been excellent partners, and the ICT platform continues to grow. We are enthusiastic to partner with Ardian again and continue supporting their next chapter.”

Jacob Kotzubei and Louis Samson, Co-Presidents, Platinum Equity

In 2023, Platinum Equity provided a loan to Tom Barrow Company in connection with Ardian’s acquisition of a majority stake in the business. Since that time, the company has grown both organically and inorganically, expanded its geographic reach, and deepened its relationship with both vendors and customers.   Platinum Equity’s latest financing sets the stage for ICT’s continued growth in the years to come.

“ICT and Ardian have been excellent partners, and the ICT platform continues to grow,” said Platinum Equity Co-Presidents Jacob Kotzubei and Louis Samson in a joint statement.  “We are enthusiastic to partner with Ardian again and continue supporting their next chapter.”

The ICT refinancing was led by Platinum Equity’s dedicated credit team, which seeks opportunities to provide debt capital to companies for a variety of uses, including acquisitions, refinancings and recapitalizations.

“As an incumbent lender, we know ICT’s operations, leadership team and industry well and are in a great position to provide a new financing solution to support the company’s continued growth,” said Platinum Equity Managing Director and Global Head of Credit Michael Fabiano. “Our aim is to establish meaningful long-term partnerships with borrowers where we can truly add value and continually meet their needs as strategies evolve.”

Platinum’s credit team targets companies that generally have $15 to $75 million of EBITDA and are primarily based in North America.

About Platinum Equity

Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $50 billion of assets under management and a portfolio of approximately 60 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 30 years Platinum Equity has completed more than 500 acquisitions and debt financings.

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CapMan Infra’s data centre platform expands with acquisition of three high quality data centers in Sweden

Capman

CapMan Infra’s data centre platform expands with acquisition of three high quality data centers in Sweden

CapMan Infra’s data centre platform acquires three data centres from EcoDataCenter, two in Stockholm and one in Piteå, northeast Sweden. The three data centres provide an excellent strategic fit for CapMan Infra’s northern European platform by allowing for growth opportunities in the Swedish market.

CapMan Infra’s data centre platform, soon to be renamed to Kolo DC, has agreed to acquire two data centres in Stockholm and one in Piteå from EcoDataCenter. These facilities offer Tier 3 equivalent redundancy, high security, state-of-the-art infrastructure, and a clientele that includes blue-chip customers. They also feature sustainable solutions such as solar panels and connections to district heating networks for heat reuse and support for high performance computing (HPC) and AI workloads.

This is CapMan Infra’s third investment in its growing northern European data centre platform providing European-wide connectivity. The platform currently operates data centres in the Netherlands and Denmark, and these new investments will mark an entry to the Swedish market, creating opportunities to accelerate growth in the region and attract a diverse range of international clients. The Piteå data centre, in particular, offers a cold climate, low total cost of ownership, and proximity to renewable energy sources, making it ideal for AI customers seeking sustainable and cost-effective solutions.

“We are very pleased to make this investment into three high-quality data centres and grow our data centre platform in Sweden, a market where we see vast potential. We look forward to continue developing the sites as part of our growing platform,” says Harri Halonen, Partner at CapMan Infra.

”We believe we’ve found the ideal buyer in CapMan, a partner with a commitment to further develop these data centres and maximize the potential they have”, shares Peter Michelson, CEO at EcoDataCenter.

“I am excited to welcome these three data centers into our expanding platform. Their advanced capabilities, particularly in supporting AI workloads, position us to serve a rapidly growing market demand. This strategic expansion strengthens our presence in the Nordic region and offers our existing and prospective clients cutting-edge infrastructure to advance their AI initiatives,” says Maria Sundvall, CEO at CapMan Infra’s Datacenter Platform.

The transaction is expected to be completed within the second quarter of 2025.

The CapMan Nordic Infrastructure II fund is an Article 8 fund with a clear sustainability strategy, aiming to create value by accelerating the green transition in its portfolio companies. The fund has already made six investments: two in its growing data centre platform, in solar energy company Skarta Energy, in Napier, a leading provider of transportation infrastructure for the aquaculture industry, in Haminan Energia’s district heating and electricity network businesses and in ProPellet, a heat-as-a-service operator and bioenergy producer.

CapMan Infra is an active and committed owner, and its activities are based on the operational development and growth of infrastructure companies through additional investments. Based in Helsinki and Stockholm, its team of 15 professionals actively seeks to find the best possible solutions for developing and growing infrastructure together with asset owners, management, personnel and customers.

For more information:

Harri Halonen, Partner, CapMan Infra, +46 768 710 062

Maria Sundvall, CEO, Capman Infra’s Datacenter Platform, +46 767 633 300

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €6.1 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

About EcoDataCenter

EcoDataCenter is a Swedish company dedicated to providing sustainable and high-performance data center solutions. In 2019, EcoDataCenter opened its first data center, combining cutting-edge technology with a commitment to environmental responsibility, establishing itself as a leader in sustainable data center operations. For more information, visit https://ecodatacenter.tech/

 

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Ardian Consolidates Ownership in Hill Top Energy Center

Ardian

Ardian to build on strong existing partnership with Hill Top Energy Center team to drive continued long-term growth as sole owner

Ardian, a world-leading private investment house, today announced it has acquired the remaining equity stake in Hill Top Energy Center (“Hill Top”), a state-of-the-art combined cycle gas turbine in Western Pennsylvania. Ardian first acquired a 41.9% stake in Hill Top in July 2019, and, with this transaction, has secured 100% ownership and full operational control of the project

The 620-megawatt natural gas-fired facility sells capacity and energy to the Pennsylvania-Jersey-Maryland (“PJM”) regional transmission organization, the largest competitive power market in the U.S. Since beginning operations in July 2021, Hill Top has been one of the most efficient and reliable power generation facilities in PJM, with a capacity factor in 2024 of more than 93%.

“The proliferation of new data centers and the continued electrification of industry are driving electricity growth at rates not seen in decades. New, efficient assets like Hill Top, utilizing state-of-the-art gas turbine technology, will provide around-the-clock reliable power to satisfy this growing demand. Hill Top is emblematic of Ardian’s commitment to the energy transition, providing reliable clean energy to power the region’s economic growth.” Mathias Burghardt, Executive Vice-President, Head and Founder of Infrastructure, Ardian

“Hill Top’s strategic location in the heart of the Marcellus shale provides long-term access to abundant, low-cost, clean-burning natural gas, ensuring that the project will remain among the most efficient producers of electricity in the region.” Mark Voccola, Senior Managing Director and Co-head of Ardian Infrastructure US, Ardian

This acquisition is the first energy investment for Ardian Americas Infrastructure Fund V (“AAIF V”) and aligns with the fund’s focus on investing in essential infrastructure assets in the energy, digital and transportation sectors. Ardian is an international leader in essential infrastructure. With assets of $36bn managed or advised, the Infrastructure team of 70+ investment professionals are committed to drive innovation and anticipate the future of Infrastructure.

ABOUT ARDIAN

Ardian is a world-leading private investment house, managing or advising $177bn of assets on behalf of more than 1,850 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 19 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.

At Ardian we invest all of ourselves in building companies that last.

ardian.com

Press contact

ARDIAN

ardian@h-advisors.global

ardian@h-advisors.global212-371-5999

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Elysian Capital III LP acquisition with management of IMS Euro Group Limited

Elysian Capital

Elysian Capital III LP is pleased to announce, in conjunction with management, its acquisition and investment in IMS Euro Group Limited, “IMS”. This represents the eighth platform investment in the Elysian Capital III LP Fund which closed in September 2020 at £325million.

IMS supplies medical and non-medical consumables to the veterinary sector in the UK and Europe, having recently set up an operation in The Netherlands serving customers across Northern Europe.

Led by Sam Collard, who became CEO in 2023 having joined as CFO, the business has grown significantly in recent years supported by strong tailwinds of veterinary clinic consolidation, growth in pet ownership and increasing penetration of pet insurance driving growth in the number of procedures and therefore increased consumables requirements.

Sam Collard, CEO said: “We are delighted to have Elysian’s support in enabling us to build on our position as a leading provider of high quality, cost-effective medical consumables across the UK and Europe and in establishing IMS as the medical consumables partner of choice – Our vision remains to be the number one global supply partner for all veterinary and medical professionals and this partnership marks another milestone on that journey.”

David Colclough, Partner at Elysian Capital said: “We are excited about this partnership with Sam and the IMS team. We have been struck by the market leadership shown by the business, its customer-centric focus and approach to high quality innovative products of exceptional value. We look forward to working closely with IMS on the next stage of its journey.”

Elysian Capital was advised by: DWF (legal); Aon (insurance); PwC (tax); EY Parthenon (commercial); KPMG (financial).

Contact

Elysian Capital LLP

Manfield House

1 Southampton Street

London

WC2R 0LR

T: +44 (0) 207 925 80 50

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Electronic Trading Systems Provider MACD Acquired by Main Capital Partners Portfolio Company Foconis

Main Capital Partners

Foconis acquires Swiss trading systems provider MACD, expanding into Switzerland and the UK while enhancing its financial software offerings with complementary electronic trading and settlement solutions.

Dusseldorf, April 24th 2025 – Today, Foconis announces the acquisition of the Swiss electronic trading systems provider MACD. This marks the 6th add-on acquisition for Foconis since it joined the Main Capital Partners portfolio in 2021. With locations in Switzerland, Germany and the UK, joining forces with MACD reinforces Foconis’ position in existing markets, while extending its footprint into Switzerland and the United Kingdom.

MACD has been active as a service provider in the financial sector for over 25 years, serving customers such as Schroders, BX Swiss AG, and a wide range of Swiss private and cantonal banks. The company offers customised solutions for electronic securities and derivatives trading as well as in fund settlement, FX and crypto trading.

By acquiring MACD, Foconis is not only further diversifying its customer base, but also gains an immediate market presence in Switzerland and the United Kingdom. Thanks to a complementary product offer, the partnership between these two companies will be highly beneficial to its customers and other stakeholders. In particular, the MACD solutions MAX and AIXECUTE optimally complement the DECIDE product portfolio of Foconis.

We started the growth of Foconis with the ambition to build a leading German financial software group. Now, we are expanding across borders as growth accelerates.

– Sven van Berge, Managing Partner and Head of DACH at Main

Olaf Pulwey, CEO of Foconis: “The acquisition of MACD is a significant step for our company. By pooling our expertise, we can offer our customers innovative, customised solutions for electronic trading and continue to grow internationally together.”

George Macdonald, CEO of MACD: “For over 25 years, banks, stock exchanges, brokers and asset managers have relied on our comprehensive software solutions and services in the trading business. The merger with Foconis opens up new opportunities for us to expand our product range and grow our client base. I am very much looking forward to working with the Foconis team.”

Sven van Berge, Managing Partner and Head of DACH at Main: “We started the growth of Foconis with the ambition to build a leading German financial software group. Now, we are expanding across borders as growth accelerates. Building a large group benefits all customers as complementary product suites expand. I am excited about the new opportunities this opens up for Foconis.

About MACD

MACD is an established provider of electronic trading systems with over 25 years of experience. The company offers customised solutions for electronic securities and derivatives trading as well as in fund settlement, FX and crypto trading.

About Foconis Group

Foconis combines highly specialised expertise from many years of project experience with a unique portfolio of innovative software solutions. The 380 employees of the Foconis Group support more than 800 companies, public institutions, banks, savings banks, cooperative banks and financial service providers throughout Europe with highly adaptable standard solutions for key core processes in finance and banking. The company focuses on the areas of data analytics, payment and trading.

Nothing contained in this Press Release is intended to project, predict, guarantee, or forecast the future performance of any investment. This Press Release is for information purposes only and is not investment advice or an offer to buy or sell any securities or to invest in any funds or other investment vehicles managed by Main Capital Partners or any other person.

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Suvoda and Greenphire Announce Completion of Merger

Thomabravo

CONSHOHOCKEN, PA and KING OF PRUSSIA, PA—Suvoda, a global clinical trial technology company specializing in randomization and trial supply management, consent, and patient outcomes data collection solutions for complex, life-sustaining studies, and Greenphire, a leader in clinical trial payments, financial management, and patient support tools, today announced the successful completion of their previously announced merger, bringing the two companies under common ownership and management.

Through this merger, the combined company is now better equipped to provide a comprehensive solution to its customers to support the urgent and mission critical moments of their clinical trials. Its customers will have access to an expanded set of capabilities, while continuing to benefit from its steadfast commitment to high-quality services and support. The combined solutions will be unified on a powerful platform that will simplify workflows and ease the experience of running and participating in a clinical trial. The unified data layer will deliver greater insight to empower sponsors, sites, and patients to make more informed and nuanced decisions about their trials.

The combined company will be known as Suvoda. Meaning “the dawn of wellbeing” in Sanskrit, Suvoda reinforces the promise to ease the patient, site, and sponsor experience in clinical trials and contribute to advancing health globally. The name Greenphire will continue at the product level.

The company will be led by Chief Executive Officer Jagath Wanninayake, Suvoda’s Founder and CEO. Thoma Bravo, a leading software investment firm, is the lead strategic investor in the combined company, with Bain Capital Tech Opportunities Fund and LLR Partners making a significant minority investment.

“We are thrilled to announce the completion of our merger and the beginning of our new journey together,” said Jagath Wanninayake, CEO of the combined company. “This partnership represents a significant milestone in our mission to optimize the financial and operational aspects of clinical trials. As one firm, we are now better able to deliver for our customers by meeting their evolving needs and providing them with enhanced solutions that will drive efficiency, reduce costs, and ultimately improve patient outcomes.”

About Suvoda
Suvoda is a global clinical trial technology company specializing in complex, life-sustaining studies in therapeutic areas like oncology, central nervous system (CNS), and rare diseases. Founded in 2013 by experts in eClinical technologies, Suvoda empowers clinical trial professionals to manage the most urgent moments in the most urgent trials through advanced software solutions delivered on a single platform. Headquartered outside Philadelphia, Suvoda also maintains offices in Portland, OR, Barcelona, Spain, Bucharest and Iasi, Romania, and Tokyo, Japan. The company’s Net Promoter Score (NPS) consistently exceeds the technology industry average, contributing to the company being selected by trial sponsors and CROs to support more than 1,800 trials across 95 countries. To learn more, visit suvoda.com. Follow Suvoda on LinkedIn.

About Greenphire
Greenphire is the pioneer in financial management and patient support for global clinical trials. From participant reimbursements, travel, and engagement to study budgeting and data, site payments, and more, the company connects the dots across disparate processes and stakeholders to get studies done faster. Founded in 2008 and guided by a dedication to site and participant experience, Greenphire’s best in class solutions accommodate regional workflow preferences, navigate challenging regulatory demands, and address the unique needs of every patient. Greenphire currently supports more than one million active trial participants and more than 25,000 investigative research teams at sites in 80 countries worldwide. Greenphire Means GO. To learn more, we invite you to visit greenphire.com and follow us on LinkedIn.

Read the release on PR Newswire here.

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Conga Appoints Dave Osborne as Chief Executive Officer

Thomabravo

BROOMFIELD, CO—Conga, the pioneer and market leader in Revenue Lifecycle Management (RLM), today announced the appointment of Dave Osborne as its Chief Executive Officer. Conga has become increasingly critical to this rapidly growing category, enabling companies to operate with full integrity, elevate human performance, and eliminate organizational silos to run at new speeds across all departments. Osborne, who takes the helm from Noel Goggin, will focus on advancing Conga’s strategic vision through innovation, operational excellence, and customer-centric growth in the next phase of Conga’s journey.

“On behalf of the Board of Directors, I want to extend our gratitude to Noel Goggin for his outstanding leadership and invaluable contributions to Conga over the past several years. Under his leadership, the company strengthened its position in the industry and is well-positioned for future success,” said Charles Goodman, Board Chair. “As we look ahead to Conga’s next phase of growth, we are thrilled to welcome Dave Osborne as our new CEO. Dave brings the right combination of strategic vision, operational expertise, and industry experience, with a proven ability to integrate, scale, and drive enterprise value. His deep expertise in go-to-market execution, as well as M&A and growth strategy, makes him uniquely positioned to lead Conga into its future.”

Osborne is a seasoned software and tech-enabled services leader with more than 25 years’ experience in global sales, SaaS, cloud technology, operations, M&A, transformation planning, and execution. Prior to joining Conga, Dave served as CEO of Caseware, a leading global provider of cloud-enabled audit, financial reporting, and data analytics solutions. He was also President & COO, then CEO, of Virgin Pulse for over six years, where he was responsible for leading the company’s vision of personalizing and simplifying the health and wellbeing experience for employees and employers.

“Conga has made tremendous strides in delivering a powerful suite of products and platform while fostering a global team of people that truly sets it apart,” said Dave Osborne, CEO, Conga. “I’ve long admired their backers, Thoma Bravo, and believe Conga has the best products and vision to lead and excel in this industry. I have deep respect for Noel and the vision he’s created – he’s a one-of-a-kind leader whose impact on the company is both deep and lasting. I’m honored to build on this foundation and excited to help accelerate Conga’s next phase of growth.”

Osborne graduated from Colorado State University and holds an MBA from the Terry College of Business, University of Georgia. He is based in Atlanta and splits his time between there and Boston.

About Conga
Conga, the Revenue Company, is the pioneer and market leader in Revenue Lifecycle Management. Its platform is chosen by the world’s growth champions to accelerate the end-to-end revenue lifecycle and achieve a Revenue Advantage. Conga brings Configure, Price, Quote, Contract Lifecycle Management, and Document Automation capabilities together on a single open platform that works with any ERP, any CRM, and any Cloud. Conga is born for the top line—powered by a unified revenue data model, complete revenue intelligence, and purpose-built AI—to help companies grow, protect, and expand their revenue.

Conga delivers a Revenue Advantage to over 10,000 customers and 6.4 million users around the world. More than 7 million contracts and 46 million quotes are generated annually with Conga. Founded in 2006, the company is headquartered in Broomfield, CO and has offices across the United States, India, and Ireland. Visit conga.com for more information.

Read the release on Conga’s Website here.

Categories: People

Hg strengthens executive team with promotions and CIO appointment

HG Capital

24th April 2025. Hg, a leading investor in European and transatlantic software and services businesses, today announces three new Partner promotions and seven promotions to Director. Hg has also appointed Brian Mason as the firm’s new Chief Information Officer.

All promotions recognise both individuals’ significant contributions to date and ability to help lead the firm in the future, as Hg scales its investment and operational capacity to create world-class businesses that translate technology to the workplace. Today, Hg backs more than 50 businesses supplying critical software or workflow services that transform how people work, with revenues typically growing at circa 20% annually. This includes several European technology champions that have scaled across decades, such as Visma, headquartered in Norway, IFS, headquartered in Sweden, and P&I, headquartered in Germany. The combined enterprise value of Hg’s portfolio has now grown to over $160 billion.

Matthew Brockman, Managing Partner at Hg, said:

“It’s a pleasure to announce several well-deserved promotions across the firm. Joe, Louis and Jonathan have each made significant contributions to the businesses we back, whilst consistently demonstrating the values that have made our firm successful. All promotions reflect both professional achievement and long-term commitment to our collaborative culture. I’m also delighted to welcome Brian as our new CIO. We’re at a critical juncture as technology reshapes the way we all work, and Brian brings valuable experience that will enhance our approach.”

Joe Jefferies is an investor in the Saturn team, based in the London office, and focuses on Tax & Accounting and ERP & Payroll clusters. He has co-led investments in and sits on the boards of IRIS Software Group, The Access Group, Dext, and Howden Group.

Louis Kinsella is an investor in the Mercury team, based in the London office, and focuses on Hg’s ‘Office of the CFO’ cluster. He played an integral role in establishing Hg’s presence in the US, before returning to London. Louis has also played key roles in Hg’s investments in Prophix, CTAIMA, CINC, Azets, Citation Group, and GTreasury.

Jonathan Wulkan is an investor in the Saturn team and helped to launch Hg’s San Francisco office. He focuses predominantly on Hg’s ERP and Fintech clusters. He has played a key role in Hg’s investments into AuditBoard, IFS, Sovos, and WorkWave – recently leading Hg’s additional investment into IFS.

Brian will be based in the firm’s London office and joins from BC Partners where he was Group Chief Technology Officer. He will shape Hg’s approach to technology infrastructure, data, and AI while collaborating with Hg’s Value Creation Team.

The seven promotions to Director span several teams: Mathijs de Bruijn (Client Services), Matthijs Deroo (Genesis), Katie Forbes (Hg Wealth), Chelsea Lau (Capital Markets), Thomas Martin (Mercury), Stefanie Raiola (Genesis), and Sebastian Zureich (Mercury).

For further information, please contact:

Hg
Tom Eckersley, tom.eckersley@hgcapital.com
Sam Ferris, sam.ferris@hgcapital.com

About Hg

Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers. This industry is characterised by digitization trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come.

Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.

With a vast European network and strong presence across North America, Hg’s 400 employees and around $75 billion in funds under management support a portfolio of around 50 businesses, worth over $160 billion aggregate enterprise value, with around 115,000 employees, consistently growing revenues at more than 20% annually.

Categories: People