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Warburg Pincus Announces Over $1 Billion in Capital Deployed by Inaugural Capital Solutions Fund

Warburg Pincus logo

Fund pursues thesis-based investing opportunities in curated structured transactions

New York, NY – February 6th, 2025 – Warburg Pincus, the pioneer of private equity global growth investing, recently surpassed $1 billion in capital deployed by Warburg Pincus Capital Solutions Founders Fund (“WPCS FF”) in 2024. WPCS FF closed in August 2024 with more than $4 billion in commitments, raising over double the initial target. WPCS FF was anchored by a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), along with other leading global institutional investors.

“Reaching $1 billion in fund deployment is a significant milestone for WPCS FF and highlights the strong opportunities in strategic structured transactions. By leveraging the sector expertise and sourcing network of Warburg Pincus, our team has capitalized on a wide range of opportunities across the firm’s core sectors,” said Jeff Perlman, CEO, Warburg Pincus. “We are proud of WPCS FF’s success, having provided innovative financing solutions to best-in-class companies and management teams across nine investments to-date, and having already realized one sizeable and highly successful exit,” added Dan Zilberman, Global Head of Capital Solutions, Warburg Pincus.

Hamad Shahwan AlDhaheri, Executive Director of the Private Equities Department at ADIA, said, “Warburg Pincus Capital Solutions is well positioned to identify and execute on attractive opportunities, given the team’s deep sector knowledge and extensive sourcing network. Our anchor investment in the Fund was in recognition of the significant opportunity set for offering structured solutions to strong companies with clear growth strategies.”

The milestone follows WPCS FF’s recent investment in an industrial distribution platform, alongside investments that include DriveCentric, Excelitas Technologies, Mashura, MB2 Dental, MIAX, Nord Security, Service Compression, and United Trust Bank[1].

The global Capital Solutions team is comprised of five seasoned Managing Directors, with an average of 20+ years of investing experience, as well as a large, dedicated team of investment professionals and senior advisors. The team collaborates closely with the firm’s 280 investment professionals and 75+ value creation executives across Warburg Pincus’ global industry verticals, critical to sourcing and underwriting differentiated, attractive investments for the fund.

About Warburg Pincus

Warburg Pincus LLC is the pioneer of private equity 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. Today, the firm has more than $86 billion in assets under management, and more than 230 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.

The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com or follow us on LinkedIn.

Contact

Warburg Pincus

Sarah Bloom, Director, Communications

Sarah.bloom@warburgpincus.com

[1] The transaction is subject to customary conditions and approvals.

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Dains Group joins forces with Consilium

IK Partners

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

Consilium Chartered Accountants, based in Glasgow, has joined Dains Group, which significantly strengthens the client proposition in corporate tax, audit, and corporate finance. The team in Scotland is now almost 200 people strong, with offices across the central belt.

Consilium has a strong reputation as being a highly customer-centric, personable, and progressive business that has built a highly talented team since its establishment in 2013. “We were attracted to Consilium because of their advisory mindset and strong cultural values,” said Graeme Bryson, Scotland Managing Partner at Dains Group. “It is our ambition to collaborate with our clients, to provide timely and well thought through advice based on a detailed understanding of what they are trying to achieve, and this has been the cornerstone for Consilium’s rapid growth, making them obvious strategic partners.”

David Holt, Partner at Consilium, commented: “Dains approached us with a clear vision for delivering a market-leading advisory proposition for our clients, in a group that believes in providing great careers for its team. Upon joining the group, we enhance the range of services open to our clients and look forward to building the business in Scotland for the benefit of all our stakeholders.”

“We are delighted to welcome Consilium to the Dains Group,” said Richard McNeilly, CEO of Dains Group. “It is rare that we meet such an enterprising and client-focused leadership team and the opportunities we can create together in Scotland and across the UK and Ireland are substantial. We are building a very compelling proposition in Scotland, having previously partnered with William Duncan & Co., and Condies. Our group comprises over 850 people and we are determined to continue improving the proposition for our clients and the career opportunities for our talented team.”

Pete Wilson, Partner at IK, added: “It is fantastic to welcome Consilium to Dains, which represents the 11th acquisition by the group since 2021. Dains has a clear ambition to differentiate itself, through offering a high-quality, value-adding, comprehensive suite of services for its customers, whilst engaging with the best delivery team in the SME market – I know the team cannot wait to get started.”

Dains were advised by DSW (financial and tax due diligence), Forward Corporate Finance (Financial Modelling), Deloitte (Tax Structuring) and CMS (Legal). Consilium were advised by Vialex (Legal).

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Bridgepoint to reinvest in SAMY Alliance

Bridgepoint
  • Bridgepoint to become majority shareholder in social-first digital marketing group SAMY Alliance.
  • Since Bridgepoint’s initial investment in 2023, SAMY has surpassed annual revenue targets of €100M, with further growth through successful M&A in the US, Europe and LATAM.
  • With Bridgepoint’s support, SAMY will invest in enhancing its technology platform, expanding into new geographies and verticals, and continue its selective M&A strategy.

 

Bridgepoint, one of the world’s leading quoted private asset growth investors, has announced it will further strengthen its partnership with SAMY Alliance, a Spanish-headquartered social media marketing company specialising in influencer marketing, social media management and amplified paid social campaigns.

The new investment will see Bridgepoint become SAMY Alliance’s majority shareholder, following its initial minority investment in 2023, and reflects Bridgepoint’s continued confidence in the company’s potential. As part of the transaction, SAMY Alliance’s existing backers, including its main shareholder Aurica Capital and other minority investors such as Inveready and Sabadell Venture Capital, will sell their shareholdings to Bridgepoint. SAMY’s founders and the rest of the management team will continue partnering with Bridgepoint during this next chapter in the business’s growth.

The transaction is expected to close in the first quarter of the year following customary regulatory approvals. Financial terms were not disclosed.

Founded in 2012, SAMY Alliance specialises in delivering cutting-edge social-first marketing services, combining proprietary software and advanced analytics tools to empower brands in the social and influencer media space. Today, the company operates across 15 countries with over 600 employees, serving a well-diversified blue-chip client base.

Since the initial investment in August 2023, Bridgepoint and SAMY Alliance have focused on laying the groundwork for sustainable growth, including identifying and advancing acquisition opportunities to accelerate future growth.

The digital marketing sector, and social media marketing in particular, continues to experience rapid growth, driven by businesses prioritising social media marketing as a strategic imperative and by the increasing importance of influencer-led marketing in engaging consumers. This favourable market dynamic is expected to support long-term double-digit annual growth rates.

Bridgepoint has extensive sector expertise in the digital marketing and tech-enabled advisory sectors with a successful track record of supporting the international growth of businesses, including previous investments in ITG and MiQ.

With support from Bridgepoint, SAMY Alliance will further strengthen its leadership position in the social media marketing sector through its industry leading approach combining analytics to provide a meaningful understanding of audiences with intelligence-fuelled creativity. The company will enhance its technology platform, expand into new geographies and industries, and continue to develop its M&A strategy, leveraging Bridgepoint’s extensive sector expertise and global office network. These initiatives will reinforce SAMY Alliance’s position as a global market leader in a high-growth, dynamic industry.

In 2024, SAMY achieved a remarkable milestone of €100M in revenue, successfully meeting its annual target. During the period, SAMY completed three M&A operations: acquiring Kurio, a social media agency based in Helsinki; MDS, a creative technology and digital agency located in Bogotá; and most recently, Content Lab, a US-based digital advocacy marketing agency specialising in emerging platforms and a certified global ecosystem partner of TikTok. Additionally, in 2025, SAMY will expand its global footprint by opening an office in Milan, marking its entry into the Italian market for the first time. For 2025, SAMY aims to achieve double-digit growth while strengthening its presence in key markets such as Europe, Mexico, and the US, further solidifying its position as the leading social-first partner for brands.

Héctor Pérez, Partner at Bridgepoint, said: “We are thrilled to continue our partnership with SAMY Alliance, a business that has consistently demonstrated leadership in the rapidly evolving social media marketing sector. This majority investment reflects our belief in the strength of its management team, its innovative solutions, and its potential for continued growth. We are excited to work alongside the team to further their success.”

Juan Sanchez-Herrera, Chairman and Co-founder of SAMY Alliance, said: “Bridgepoint’s reinvestment marks an exciting milestone for SAMY Alliance. Their support has strengthened our foundation for growth, and together, we’re ready to expand globally, drive innovation, and further our leadership in the social media marketing space.”

Patricia Ratia García-Oliveros, Co-founder of SAMY Alliance, said: “Bridgepoint’s support has been pivotal in helping us accelerate our growth and deliver exceptional outcomes for our clients. With this majority investment, we are eager to build on our achievements and expand our footprint in the global digital marketing space.”

Marta Nicolás. Co-Founder of SAMY Alliance said: “With the strong financial support of Bridgepoint, we are poised to deliver on our vision with confidence. This partnership unlocks unparalleled global growth opportunities and enables us to engage with larger, more ambitious clients worldwide, solidifying our position as a leader in social-first marketing.”

Martín Vargas, Investment Director at Aurica Capital, said: “As Aurica concludes its partnership with SAMY Alliance, we take immense pride in the remarkable journey we’ve shared over the past years. SAMY’s evolution from a promising startup to a global marketing leader with a truly innovative positioning strategy and cutting-edge technological capabilities is a testament to the team’s vision and dedication. We are confident that Bridgepoint’s involvement will propel SAMY to even greater heights, and we look forward to seeing the company’s continued success on a global scale.”

Bridgepoint was advised by JEGI Clarity (M&A), Uria (Legal), PWC and Marsh (Due Diligence).

SAMY Alliance was advised by Cuatrecasas and Herbert Smith (Legal).

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Bridgepoint to reinvest in SAMY Alliance

Bridgepoint
  • Bridgepoint to become majority shareholder in social-first digital marketing group SAMY Alliance.
  • Since Bridgepoint’s initial investment in 2023, SAMY has surpassed annual revenue targets of €100M, with further growth through successful M&A in the US, Europe and LATAM.
  • With Bridgepoint’s support, SAMY will invest in enhancing its technology platform, expanding into new geographies and verticals, and continue its selective M&A strategy.

 

Bridgepoint, one of the world’s leading quoted private asset growth investors, has announced it will further strengthen its partnership with SAMY Alliance, a Spanish-headquartered social media marketing company specialising in influencer marketing, social media management and amplified paid social campaigns.

The new investment will see Bridgepoint become SAMY Alliance’s majority shareholder, following its initial minority investment in 2023, and reflects Bridgepoint’s continued confidence in the company’s potential. As part of the transaction, SAMY Alliance’s existing backers, including its main shareholder Aurica Capital and other minority investors such as Inveready and Sabadell Venture Capital, will sell their shareholdings to Bridgepoint. SAMY’s founders and the rest of the management team will continue partnering with Bridgepoint during this next chapter in the business’s growth.

The transaction is expected to close in the first quarter of the year following customary regulatory approvals. Financial terms were not disclosed.

Founded in 2012, SAMY Alliance specialises in delivering cutting-edge social-first marketing services, combining proprietary software and advanced analytics tools to empower brands in the social and influencer media space. Today, the company operates across 15 countries with over 600 employees, serving a well-diversified blue-chip client base.

Since the initial investment in August 2023, Bridgepoint and SAMY Alliance have focused on laying the groundwork for sustainable growth, including identifying and advancing acquisition opportunities to accelerate future growth.

The digital marketing sector, and social media marketing in particular, continues to experience rapid growth, driven by businesses prioritising social media marketing as a strategic imperative and by the increasing importance of influencer-led marketing in engaging consumers. This favourable market dynamic is expected to support long-term double-digit annual growth rates.

Bridgepoint has extensive sector expertise in the digital marketing and tech-enabled advisory sectors with a successful track record of supporting the international growth of businesses, including previous investments in ITG and MiQ.

With support from Bridgepoint, SAMY Alliance will further strengthen its leadership position in the social media marketing sector through its industry leading approach combining analytics to provide a meaningful understanding of audiences with intelligence-fuelled creativity. The company will enhance its technology platform, expand into new geographies and industries, and continue to develop its M&A strategy, leveraging Bridgepoint’s extensive sector expertise and global office network. These initiatives will reinforce SAMY Alliance’s position as a global market leader in a high-growth, dynamic industry.

In 2024, SAMY achieved a remarkable milestone of €100M in revenue, successfully meeting its annual target. During the period, SAMY completed three M&A operations: acquiring Kurio, a social media agency based in Helsinki; MDS, a creative technology and digital agency located in Bogotá; and most recently, Content Lab, a US-based digital advocacy marketing agency specialising in emerging platforms and a certified global ecosystem partner of TikTok. Additionally, in 2025, SAMY will expand its global footprint by opening an office in Milan, marking its entry into the Italian market for the first time. For 2025, SAMY aims to achieve double-digit growth while strengthening its presence in key markets such as Europe, Mexico, and the US, further solidifying its position as the leading social-first partner for brands.

Héctor Pérez, Partner at Bridgepoint, said: “We are thrilled to continue our partnership with SAMY Alliance, a business that has consistently demonstrated leadership in the rapidly evolving social media marketing sector. This majority investment reflects our belief in the strength of its management team, its innovative solutions, and its potential for continued growth. We are excited to work alongside the team to further their success.”

Juan Sanchez-Herrera, Chairman and Co-founder of SAMY Alliance, said: “Bridgepoint’s reinvestment marks an exciting milestone for SAMY Alliance. Their support has strengthened our foundation for growth, and together, we’re ready to expand globally, drive innovation, and further our leadership in the social media marketing space.”

Patricia Ratia García-Oliveros, Co-founder of SAMY Alliance, said: “Bridgepoint’s support has been pivotal in helping us accelerate our growth and deliver exceptional outcomes for our clients. With this majority investment, we are eager to build on our achievements and expand our footprint in the global digital marketing space.”

Marta Nicolás. Co-Founder of SAMY Alliance said: “With the strong financial support of Bridgepoint, we are poised to deliver on our vision with confidence. This partnership unlocks unparalleled global growth opportunities and enables us to engage with larger, more ambitious clients worldwide, solidifying our position as a leader in social-first marketing.”

Martín Vargas, Investment Director at Aurica Capital, said: “As Aurica concludes its partnership with SAMY Alliance, we take immense pride in the remarkable journey we’ve shared over the past years. SAMY’s evolution from a promising startup to a global marketing leader with a truly innovative positioning strategy and cutting-edge technological capabilities is a testament to the team’s vision and dedication. We are confident that Bridgepoint’s involvement will propel SAMY to even greater heights, and we look forward to seeing the company’s continued success on a global scale.”

Bridgepoint was advised by JEGI Clarity (M&A), Uria (Legal), PWC and Marsh (Due Diligence).

SAMY Alliance was advised by Cuatrecasas and Herbert Smith (Legal).

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IQ Endoscopes sets sights on rapid early diagnosis

BGF

Funding from BGF and Development Bank of Wales has accelerated the roll-out of the Welsh company’s sustainable, single-use endoscopes.

6 February 2025
IQ Endoscopes sets sights on rapid early diagnosis

Wales-based medical device business IQ Endoscopes has strengthened its position for supporting clinicians and patients across the UK in 2025 and beyond — following its latest multi-million-pound funding round from BGF and the Development Bank of Wales.

The funding will enable IQ Endoscopes to accelerate the roll-out of its sustainable, single-use endoscopy platform. Designed and built in the UK, the platform is devised to increase the capacity of endoscopy provision across the country, allowing patients to be diagnosed earlier and ultimately help people live longer, healthier lives.

Of the 70 million endoscopy procedures currently completed each year, 98% are performed with reusable devices. These require reprocessing after each use, which is both costly and time-intensive, as well as having a significant environmental impact and posing the risk of cross-contamination.

The need for innovation in diagnostic healthcare has never been greater. According to Cancer Research, NHS England aims to begin treatment for 85% of cancer patients within 62 days of an urgent referral — a target that hasn’t been met since 2015. Worst still, the number of new cancer cases worldwide is expected to increase to 28 million per year by 2040, a 54.9% increase from 2020. In addition, the UK is suffering from a shortage of trained and skilled endoscopists, leading to increased waiting times for patients and rising costs for the NHS.

In response, IQ Endoscopes’ innovative product is set to launch in an initial four health centres this July, to begin to tackle the backlog of patients needing endoscopy treatments across England and Wales.

Matt Ginn, CEO at IQ Endoscopes, commented: “At IQ Endoscopes, we are on a mission to help drive rapid early diagnosis, using our single-use endoscopes, to help people live a longer and better life. This funding round has brought that ambition one step closer to reality and we are exceptionally thankful to BGF, DBW, and early shareholders for their ongoing belief in our mission.

“With strong evidence supporting the clinical acceptance of our technology, a clear path to regulatory clearance, and the required manufacturing capability established, we are primed for early commercialisation of our technology in the UK from July 2025.”

IQ Endoscopes’ model of flexible, plug-and-play endoscopes strongly aligns with the UK Government’s proposed network of Community Diagnostic Centres, designed to make procedures such as endoscopies more accessible in local areas. By offering greater flexibility, choice, and control, IQ Endoscopes can empower clinicians to increase capacity and deliver faster, more efficient care to patients – enabling rapid diagnosis and treatment.

Tim Rea, Co-Head of Early Stage Investments at BGF, said: “From the outset, we’ve been impressed by the team’s focus on improving patient outcomes, by eliminating the inconvenience, cross-contamination risks, and environmental impact associated with the repeated sterilisation of reusable systems.

“The team has made significant strides to address critical challenges in endoscopy, by offering a high-quality, sustainable, and more efficient solution for clinicians. We are excited to continue our support for the business as it advances to the next stage of its development.”

Tom Davies, Investor for the Technologies Venture Investments team at Development Bank of Wales, added: “This is the fourth investment we have made into IQ Endoscopes since our initial seed investment in the summer of 2020, and we continue to be impressed by their growth and innovation as a leading Welsh medtech company, delivering essential single-use solutions in the field of endoscopy.”

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CVC DIF agrees the sale of 1GW+ portfolio of renewable energy projects to Potentia Energy

DIF

Fnijulqveaat OO

CVC DIF agrees the sale of 1GW+ portfolio of Australian renewable energy projects to Potentia Energy

  • The portfolio consists of 609MW1 of operational wind and solar projects and 433MW of late stage wind and battery energy storage system (BESS) development projects.
  • Under CVC DIF ownership, three projects were successfully brought into operations, and the portfolio has grown significantly through the addition of new development projects, including BESS.

CVC DIF, the infrastructure strategy of leading global private markets manager CVC, is pleased to announce that DIF Infrastructure IV and DIF Infrastructure V have signed agreements to divest a combined portfolio of renewable energy projects in Australia to Potentia Energy (formerly Enel Green Power Australia).  

The geographically and technologically diverse portfolio includes:

  • Bright Energy Investments (BEI), the largest operational renewable platform in Western Australia with three operating projects and one wind farm which recently reached financial close, with a total capacity of 367MW. Cbus Super, who are a co-shareholder in BEI, have sold their stake alongside CVC DIF.
  • A portfolio of three operational solar farms and two adjacent BESS development projects in Queensland, South Australia, and Australian Capital Territory with a total capacity of 675 MW.

Andrew Freeman, Partner and Head of Divestments at CVC DIF, said: “At CVC DIF, we are focused on uncovering opportunities that enhance financial performance and drive sustainable growth in the businesses we invest in, while at the same time delivering strong returns for our investors and supporting the energy transition.”

CVC DIF were advised on the transaction by Macquarie Capital (financial) and White & Case (legal).

1 All capacity figures refer to AC capacity

About CVC DIF

CVC DIF (formerly DIF Capital Partners) is a leading global mid-market infrastructure equity fund manager.

Founded in 2005 and headquartered in Amsterdam, the Netherlands, CVC DIF has c. €19 billion of infrastructure assets under management in energy transition, transport, utilities and digitalisation.

With over 240 people in 12 offices, CVC DIF offers a unique market approach, combining a global presence with the benefits of strong local networks and sector-focused investment capabilities.

CVC DIF forms the infrastructure strategy of leading global private markets manager CVC. This partnership allows CVC DIF to benefit from CVC’s global platform, with 30 offices across five continents.

Press contacts

CVC DIF

Renate Klöters

press@dif.eu

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AVP Investment Thesis – Basetwo

AXA

AVP is excited to announce our lead investment in Basetwo’s $11.5M Series A round, alongside co-investors Glasswing, Global Brain, Deloitte Ventures, SHIMADZU and Chiyoda. After spending considerable time exploring the potential of software solutions in the manufacturing space, we are thrilled to support Basetwo’s innovative AI co-pilot for manufacturing processes. When we first met the Basetwo team over a year ago, we were impressed by their visionary solution to a clear and pressing market need. Below, we highlight the key reasons behind our enthusiasm for Basetwo:

1. The Manufacturing Market is Massive – and Technology is Outdated

Basetwo is at the forefront of AI-driven manufacturing optimization, entering the market at a time where AI technology is feasible, and companies are eager to adopt. The manufacturing industry is massive, contributing to ~16% of GDP¹, but it remains disproportionately reliant on outdated technology. Despite its size and impact, many manufacturers still rely on legacy tools and desktop simulation software—some dating back to the Windows 95 era. Our calculations estimate Basetwo’s TAM to be approximately $20 billion, primarily focused on chemicals, and around $60 billion when expanded to include other underserved verticals.

At AVP, we seek opportunities in industries primed for disruption, and believe this gap in manufacturing represents a significant opportunity. The industry is grappling with rising costs, labor shortages, nearshoring trends, and increasing competition, all of which are driving demand for greater operational efficiency. We believe Basetwo is uniquely positioned to fill this gap. In verticals such as pharmaceuticals, there is a distinct lack of advanced process optimization solutions, and Basetwo’s technology addresses this need, unlocking substantial value by improving operational efficiency.

2. Basetwo’s Technology is Cutting-Edge

Basetwo has a unique value proposition, providing a low-code, user-friendly platform enabling operators to efficiently perform process optimization with quick setup and time to value. The platform leverages best-in-class physics AI models to accurately simulate complex processes and recommend optimization strategies.

What truly sets Basetwo apart is not just the use of advanced AI, but also modern MLOps tools they have architected – creating a comprehensive, end-to-end solution for process optimization. The combination of technical excellence and usability positions Basetwo to drive significant operation improvements across manufacturing.

3. Basetwo’s Solution Delivers Strong ROI

The ROI potential for process optimization in manufacturing is significant. Even small inefficiencies can compound at scale, leading to millions of dollars in lost productivity. Basetwo’s platform has already demonstrated its value by helping customers identify and eliminate inefficiencies, generating millions in cost savings. As a result, Basetwo has been able to secure early contracts with large Fortune 500 companies—an endorsement of the platform’s effectiveness and real-world value.

4. Basetwo Has an Exceptional Management Team

At AVP, we prioritize investing in companies with strong leadership, and Basetwo’s management team of three brothers exceeds our expectations. CEO Thouheed and COO Thamjeeth previously co-founded an AI-driven water infrastructure company, which was acquired by Innovyze and later by Autodesk; Thouheed then went on to lead Autodesk’s AI initiatives. Head of Engineering Tawfeeq brings experience from highgrowth tech companies like Lyft, Uber, and Databricks. Their combined expertise gives us confidence in management’s ability to scale and grow Basetwo into a market leader.

Since its founding in 2022, Basetwo has made impressive strides with its cutting-edge platform addressing the significant gap in the manufacturing sector. We at AVP are excited to partner with Basetwo to help manufacturers across the globe unlock millions in cost savings and shape the future of process optimization.

1. https://ourworldindata.org/grapher/manufacturing-value-added-to-gdp?tab=table

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Waterland Private Equity partners with WellNess to accelerate the growth of France’s leading premium fitness club network

Waterland

Paris, 5 February 2025 – WellNess Sport Club is joining forces with investment fund Waterland to fuel its rapid expansion. Originally founded in Lyon, the premium fitness club network is growing quickly across France and Switzerland, strengthening its position in the high-end fitness market.

A Strategic partnership to build a market leader
Waterland Private Equity has acquired a stake in WellNess Sport Club with the ambition of making it the leading premium fitness club chain in France — and eventually across Europe. Already established in major regions such as Auvergne-Rhône-Alpes, Provence-Alpes-Côte d’Azur, the Paris area, western France, and Switzerland, WellNess focuses on prime citycenter locations. Today, its clubs can be found in Paris, Lyon, Marseille, Nantes, and Geneva, with plans to expand into Lille, Toulouse, Nice, and beyond. WellNess clubs offer a unique, all-inclusive experience: cutting-edge strength and cardio areas, a dedicated wellness space featuring a swimming pool, sauna, and hammam, an immersive cycling studio, and an unrivaled selection of 160 group classes per week — delivered by top-tier coaches. A key differentiator is its outstanding wellness and aquatic class offerings, highly sought after by members. Each WellNess club spans over 1,800 m², combining stylish, contemporary design with state-of-the-art fitness equipment. It is the only structured gym network in France and Switzerland to provide such a premium, allencompassing fitness experience.

“Our network is thriving in a highly dynamic and demanding premium market. This partnership is a unique opportunity to accelerate our growth across France and Europe, offering the best facilities, the best classes, cutting-edge equipment, and unparalleled comfort for our members,” says Sébastien Duvanel, CEO of WellNess Sport Club.

“We are thrilled to bring our expertise to WellNess, building on our investments in LifeFit Group and FitOne in Germany, as well as our past involvement with HealthCity/Basic-Fit. WellNess’s positioning and commitment to premium fitness services are perfectly aligned with the key trends driving this fast-growing industry,” explain Louis Huetz and Pierre Naftalski, Partner and Investment Director at Waterland Private Equity.

“We would like to thank the management and teams at WellNess for their outstanding achievements since 2017. The network’s strong growth is a testament to their dedication and the strength of the WellNess model. We wish Waterland and the WellNess teams continued success as they enter this next phase of expansion,” adds Jean Gore, Partner at Pechel.

About WellNess Sport Club
WellNess is a premium fitness club network with clubs in Paris, Lyon, Marseille, Nantes, and Geneva, and is rapidly expanding across France and Switzerland. Named Best Fitness Brand 2024 by Capital magazine, WellNess Sport Club offers a unique concept that combines fitness, strength training, wellness, and an extensive range of group classes. Each club, spanning over 1,800 m², features dedicated spaces for different activities, including cross-training, strength training, cardio, cycling, and an aquatic zone. Members also benefit from a wellness area with a swimming pool, hammam, and sauna, as well as 160+ group classes per week, all led by certified coaches. For more information, please visit: https://www.wellness-sportclub.fr/

Press Contacts:
Naël Madi – waterland@the-arcane.com | +33 6 21 93 22 14
Laurence Van Doosselaere – vandoosselaere@waterland.be | +32 473 88 05 21

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Family shareholders, managers of Lavollée Group, and Waterland join forces to create an independent leader in specialty ingredient distribution: SIDG

Waterland

Paris, 5 February 2025 – WellNess Sport Club is joining forces with investment fund Waterland to fuel its rapid expansion. Originally founded in Lyon, the premium fitness club network is growing quickly across France and Switzerland, strengthening its position in the high-end fitness market.

A Strategic partnership to build a market leader
Waterland Private Equity has acquired a stake in WellNess Sport Club with the ambition of making it the leading premium fitness club chain in France — and eventually across Europe. Already established in major regions such as Auvergne-Rhône-Alpes, Provence-Alpes-Côte d’Azur, the Paris area, western France, and Switzerland, WellNess focuses on prime citycenter locations. Today, its clubs can be found in Paris, Lyon, Marseille, Nantes, and Geneva, with plans to expand into Lille, Toulouse, Nice, and beyond. WellNess clubs offer a unique, all-inclusive experience: cutting-edge strength and cardio areas, a dedicated wellness space featuring a swimming pool, sauna, and hammam, an immersive cycling studio, and an unrivaled selection of 160 group classes per week — delivered by top-tier coaches. A key differentiator is its outstanding wellness and aquatic class offerings, highly sought after by members. Each WellNess club spans over 1,800 m², combining stylish, contemporary design with state-of-the-art fitness equipment. It is the only structured gym network in France and Switzerland to provide such a premium, allencompassing fitness experience.

“Our network is thriving in a highly dynamic and demanding premium market. This partnership is a unique opportunity to accelerate our growth across France and Europe, offering the best facilities, the best classes, cutting-edge equipment, and unparalleled comfort for our members,” says Sébastien Duvanel, CEO of WellNess Sport Club.

“We are thrilled to bring our expertise to WellNess, building on our investments in LifeFit Group and FitOne in Germany, as well as our past involvement with HealthCity/Basic-Fit. WellNess’s positioning and commitment to premium fitness services are perfectly aligned with the key trends driving this fast-growing industry,” explain Louis Huetz and Pierre Naftalski, Partner and Investment Director at Waterland Private Equity.

“We would like to thank the management and teams at WellNess for their outstanding achievements since 2017. The network’s strong growth is a testament to their dedication and the strength of the WellNess model. We wish Waterland and the WellNess teams continued success as they enter this next phase of expansion,” adds Jean Gore, Partner at Pechel.

About WellNess Sport Club
WellNess is a premium fitness club network with clubs in Paris, Lyon, Marseille, Nantes, and Geneva, and is rapidly expanding across France and Switzerland. Named Best Fitness Brand 2024 by Capital magazine, WellNess Sport Club offers a unique concept that combines fitness, strength training, wellness, and an extensive range of group classes. Each club, spanning over 1,800 m², features dedicated spaces for different activities, including cross-training, strength training, cardio, cycling, and an aquatic zone. Members also benefit from a wellness area with a swimming pool, hammam, and sauna, as well as 160+ group classes per week, all led by certified coaches. For more information, please visit: https://www.wellness-sportclub.fr/

Press Contacts:
Naël Madi – waterland@the-arcane.com | +33 6 21 93 22 14
Laurence Van Doosselaere – vandoosselaere@waterland.be | +32 473 88 05 21

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XOi Amplifies Field Service Innovation with New Strategic Investment and Acquisition

KKR
The intelligent jobsite technology innovator secures record funding from KKR to expand data gathering and enrichment solutions.

NASHVILLE, Tenn.–(BUSINESS WIRE)–XOi, a leading provider of jobsite-focused technology solutions for the field service ecosystem, today announced the acquisition of Specifx, an on-demand data enrichment and metadata retrieval platform for field service equipment. The acquisition was enabled by an investment from funds managed by leading global investment firm KKR. The funding from KKR marks the most significant milestone yet in XOi’s journey to build out its system of work for the field service ecosystem.

This strategic investment from KKR, along with the acquisition of Specifx, enable XOi to amplify its use and capabilities across the field service industries, furthering its mission of serving stakeholders throughout the ecosystem, including technicians, field service providers, distributors, and OEMs.

“As the challenges of maintaining and manufacturing field service equipment grew more complex, we pushed ourselves to evolve our product alongside the demands of the industry,” said Aaron Salow, founder and CEO of XOi. “KKR’s strategic partnership will help us meet and exceed every stakeholder’s expectations of sustainability, profitability, and transparency.”

“We believe XOi’s comprehensive software stands apart in the field service space not only because it allows technicians to view and adjust multiple workflows in one efficient platform, but also for its ability to normalize and enrich field service asset-specific data,” said Jake Heller, Partner and Head of KKR’s Technology Growth team in the Americas. “The addition of Specifx further enhances XOi’s database offering. We look forward to working with the entire XOi team as they continue to innovate for their customers across the field service ecosystem.”

Prior to this acquisition Specifx helped expand XOi’s groundbreaking Insights product, which provides unique asset origination, performance, and diagnostics information. Now, the combined resources and capabilities of the two companies empower XOi to deliver a unified framework of proprietary and operational data to fuel faster and more meaningful innovation to the mechanical, electrical, and plumbing industries.

“Today marks a defining moment in our growth and we are thrilled to join forces with XOi,” said Ryan Martineau, founder and CEO of Specifx. “XOi’s extremely impressive platform, coupled with a shared mission and common customer base, allows us to accelerate our vision of next generation, asset-centric solutions that simplify the day-to-day operations for our customers.”

“We are humbled by the role we have been able to play in changing this industry and the skilled trades for the better, and we are excited to drive the mission forward for years to come,” said Aaron Salow, founder and CEO of XOi. “Our vision has never been clearer, and our passion for the trades has never been stronger.”

KKR is funding this investment primarily from its Next Generation Technology III Fund.

Bass, Berry & Sims PLC served as legal advisor and Raymond James Financial, Inc. served as financial advisor to XOi. Latham & Watkins LLP served as legal advisor to KKR.

About XOi
XOi, the leading provider of jobsite-focused technology for the field service ecosystem, arms the industry with a digital tool that connects people to mission-critical equipment. XOi technology is the hub in which every part of the job—from the field to the manufacturer—connects. XOi provides AI-powered workflows, asset and team management functions, a comprehensive knowledge base, and immediate revenue-producing insights leveraging data from current and historical projects. Beyond this tool that manages consistency, profitability, and transparency, XOi’s goal is to create future-focused technology that modernizes the field service industry as a whole, and delivers 1 of 1 asset origination, performance, and diagnostics information of mission critical assets. To learn more about XOi, visit xoi.io.

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 Specifx
Specifx, an industry leader in data management for HVAC companies, specializes in on-demand data enrichment and metadata retrieval for HVAC companies. The company’s flagship product, Decoder, gives technicians, HVAC providers and manufacturers access to complete HVAC metadata via a simple nameplate scan, and the tool gives users the flexibility to scan each unit individually, in batches, or via the Decoder API. Specifx’s database covers the most common HVAC equipment made by around 100 major manufacturers over the past 30+ years. Specifx’s mission is to transform the HVAC data acquisition and solutioning experience for owners, occupiers, investors and service providers, reducing the effort to acquire essential information for day-to-day operations while supporting strategic, enterprise-scale investment and decarbonization initiatives. For more information about Specifx, visit specifx.com.

Contacts

Media Contacts:

XOi
Heather Ripley
Ripley PR
(865) 977-1973
hripley@ripleypr.com

KKR
Emily Cummings
media@kkr.com

 

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