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Apollo Provides $1 Billion Hybrid Capital Solution to Aldar

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Transaction marks Apollo’s fifth investment in Aldar and the region’s largest corporate hybrid private placement 

Builds on Apollo’s long-term strategic partnership with Aldar, with total transactions totalling approximately $2.9 billion to date

Investment to support Aldar’s transformational growth plans and capital structure optimization

NEW YORK, Feb. 20, 2026 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds have invested $1 billion in subordinated hybrid notes issued by Aldar Properties PJSC (“Aldar”), a leading UAE based real estate developer and investment manager. The investment builds on Apollo’s long-term strategic partnership with Aldar and represents Apollo’s fifth investment in Aldar since 2022, bringing aggregate commitments to $2.9 billion to date.

Proceeds from the investment are intended to support Aldar’s balance sheet flexibility and strength, as well as its growth agenda, which includes landbank replenishment, expansion of its develop-to-hold portfolio, and strategic acquisitions.

Apollo Partner Jamshid Ehsani said, “Completing our fifth investment with Aldar speaks directly to Apollo’s ability to structure flexible capital solutions that are responsive to the needs of both our corporate clients and our investors. Since our first transaction in 2022, Aldar has gone from strength to strength, with robust performance and portfolio expansion overseen by an experienced management team. This latest investment reflects Apollo’s continued commitment to Abu Dhabi and the broader region.”

Faisal Falaknaz, Group Chief Financial and Sustainability Officer at Aldar, said: “This transaction highlights the strength of our long-standing partnership with Apollo and the continued confidence of major institutional investors in Aldar’s strategy, financial management and growth trajectory. The issuance provides Aldar with long-term, flexible capital that enhances balance sheet resilience and supports our ability to capitalise on attractive opportunities across our core markets. Importantly, it elevates Aldar’s share of stable, recurring income generated by AIP’s high quality, diversified portfolio, which will continue to expand through acquisitions and our substantial develop-to-hold pipeline that is now valued at close to $5 billion.”

The transaction is among the largest-ever foreign direct investments in Abu Dhabi’s private sector and the largest corporate hybrid private placements in the region.

It also marks the latest transaction for Apollo’s High Grade Capital Solutions business, which serves as a capital partner to many leading global companies. Apollo believes its ability to provide customized, long-dated investments is reinforced by the number of its repeat clients, having provided multiple large-scale solutions for Aldar, BP, Sony, Vonovia, Air France and the Adani-backed Mumbai Airport.

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.

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

About Aldar

Aldar is the leading real estate developer, manager, and investor in Abu Dhabi, with a growing presence across the United Arab Emirates, the Middle East North Africa, and Europe.

The company has two core business segments, Aldar Development and Aldar Investment.

Aldar Development is a master developer of a 60 million sqm strategic landbank, creating integrated and thriving communities across Abu Dhabi, Dubai, and Ras Al Khaimah’s most desirable destinations. The delivery of Aldar’s developments is managed by Aldar Projects, which is also a key partner of the Abu Dhabi government in delivering housing and infrastructure projects across the UAE’s capital. Internationally, Aldar Development wholly owns UK real estate developer London Square, as well as a majority stake in leading Egyptian real estate development company, SODIC.

Aldar Investment houses a core asset management business comprising a portfolio of more than AED 49 billion worth of investment grade and income-generating real estate assets diversified across retail, residential, commercial, logistics, and hospitality segments. It manages four core platforms: Aldar Investment Properties, Aldar Hospitality, Aldar Education, and Aldar Estates.

For more information on Aldar please visit www.aldar.com or follow us on:

https://www.instagram.com/aldar/?hl=en

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https://x.com/aldartweets?lang=en

Aldar Contacts

Obaid Al Yammahi
Aldar Properties
+971 2 810 5555		 Sarah Abdelbary
Brunswick
+971 2 234 4600
aldar@brunswickgroup.com

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Jonas Magnusson new CEO at HL Display

Ratos

Jonas Magnusson has been appointed CEO at HL Display and will assume the position no later than May 1, 2026. He will succeed the current CEO, Björn Borgman.

Jonas Magnusson is an experienced and robust leader of global consumer goods and B2B retail solution businesses gained from his previous positions. Most recently, Jonas served as CEO of Paragon Global Brands and has previously held senior roles at companies including Jordanes, The Absolut Company and Electrolux.

“Jonas has a proven track record of driving growth and profitability, which aligns strongly with HL Display’s future direction. Jonas’ background in innovation, digitalization, growth leadership and tech‑enabled solutions makes him well‑suited to lead HL Display. His experience from M&A‑driven expansion and industrial scale‑up adds significant value to the organization. I would also like to take this opportunity to thank Björn Borgman for his excellent work during his ten years with us. Closing the company’s largest add‑on acquisition with Deinzer to date is a remarkable way to conclude his tenure and a testament to his contributions,“ says Anna Vilogorac, Chairman of HL Display.

“I am delighted to join HL Display and to build on the strong foundation created by Björn and the entire team. I look forward to working together with our colleagues and customers to further develop innovative solutions that help retailers and brands succeed through better shopping experiences,” says Jonas Magnusson.

Claire Blackadder, CFO at HL Display, will step in as interim CEO of the company from March 1 until Jonas joins as CEO May 1, 2026.

About HL Display
HL Display is a global leader in in-store merchandising and communication solutions, helping customers create a better shopping experience for both shoppers and store personnel. Founded in 1954, HL Display operates in more than 70 countries, with solutions in 350,000 stores worldwide. The company supports customers in growing sales, inspiring shoppers, improving efficiency, reducing waste and improving work in-store across three segments: food retail, branded goods suppliers, and non-food retail.

HL Display Group is headquartered in Stockholm, Sweden, with sales offices in 24 countries covering 40 markets and distributor partners serving the remaining global markets. The company operates seven production facilities across Sweden, Poland, Germany, the UK, Canada, and China, with capabilities including plastics and metal fabrication, printing, and assembly. HL has 1,500 employees and net sales of 3,000 MSEK. HL Display has actively pursued 12 add-on acquisitions over the past four years to strengthen its market position and expand its portfolio.

Ratos holding in HL Display is 95%.

For more information, please contact:
Katarina Grönwall, VP Communications & Sustainability
+46 70 300 35 38, katarina.gronwall@ratos.com

About Ratos
Ratos is a Swedish publicly listed business group consisting of 14 companies across three business areas: Construction & Services, Industry and Consumer. The Group operates mainly in the Nordic region, with net sales of SEK 19 billion and an adjusted EBITA of SEK 1.9 billion in 2025, and with a total workforce of around 9,100 employees.

Ratos is headquartered in Stockholm, Sweden. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in Execution and It’s All About People. We enable independent subsidiaries to excel by being part of something larger.

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Jonas Magnusson

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Statement on Accell Group Ownership Transition

KKR

KKR invested in Accell in 2022 based on strong long-term fundamentals in sustainable mobility and increasing e-bike adoption across Europe. At the time of the investment, market conditions were supported by strong demand and supply constraints, and Accell’s portfolio of leading brands and market positions provided meaningful exposure to these structural growth trends.

Shortly thereafter, the European bike industry entered an unprecedented and prolonged downturn. Excess inventory, sustained discounting and weakening consumer demand created severe and persistent pressure across the sector, affecting manufacturers industry-wide. Throughout this period, KKR worked closely with Accell’s management team and acted as a supportive shareholder, providing substantial financial backing and deep operational expertise to help stabilise and strengthen the business.

Following constructive engagement, Accell Group, its shareholders and lenders have now agreed to a new ownership structure led by the company’s existing lenders to support the business in its next phase.

As part of this agreement, Accell will receive additional funding to ensure stability and give management the necessary runway to remain focused on operating the business. This capital will be directed toward strengthening liquidity, supporting day-to-day operations and positioning the company for the upcoming season as industry conditions continue to normalise.

During its ownership, KKR supported a wide-ranging programme of operational and organisational measures, consistent with KKR’s role as a long-term and responsible investor. This included continuing to support growth initiatives and new product launches, while strengthening leadership, improving liquidity and resilience, and centralising operations as part of the One Accell strategy. These actions were taken to ensure continuity of operations, support Accell’s customers and partners, and position the business for a return to sustainable profitability as market conditions normalise.

As a result of the severity and duration of the industry downturn, Accell’s capital structure evolved and lenders assumed greater economic responsibility for the business. With the company now stabilised and the season soon to pick up, Accell will transition to a new ownership structure in which lenders, working closely with management, are positioned to support the company’s ongoing recovery and execution of its business plan.

Jonas Nilsson, CEO, Accell Group said: “We would like to thank KKR for its significant support and commitment as a responsible shareholder throughout its ownership. The business is stronger as a result of that support, and we are well advanced in our plans to fundamentally transform the company. Accell is an extraordinary business, with a unique position in the European bike market and a portfolio of iconic brands, and we remain confident in its potential following the hard work undertaken during a challenging period for the industry.”

KKR would also like to recognise the resilience and commitment shown by Accell’s management and employees throughout this challenging period.

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Kristi Huller
Julia Kosygina
Liidia Liuksila
Telephone: +1 (212) 750-8300

Email: media@kkr.com

EMEA

Annabel Arthur
Miles Radcliffe-Trenner
Julia Leeger
Telephone: +44 20 7839 9800

Email: kkrpr-uk@kkr.com

Asia Pacific

Wei Jun Ong
Telephone: +65 6922 5813

Email: media@kkr.com

Investor Relations

‍Craig Larson
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Outside US: +1 (212) 230-9410
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Email: Investor-Relations@kkr.com

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Blackstone Announces Agreement to Acquire Champions Group

Blackstone

New York, NY – February 17, 2026 – Blackstone (NYSE: BX) announced today that funds managed by Blackstone’s perpetual private equity strategy (BXPE) (“Blackstone”) have entered into a definitive agreement to acquire Champions Group, a premier provider of essential home services, from Odyssey Investment Partners, LLC (“Odyssey”). Odyssey and management are retaining a significant minority investment alongside Blackstone.

Champions Group is a leading residential services platform providing essential home services to the residential repair and replacement market. The Company operates a scaled, integrated model across tier one MSAs with over 1,800 field technicians and 150,000 active members. Champions Group has built a differentiated go-to-market approach anchored by its membership model and longstanding commitment to delivering top-tier service to its loyal customer base.

Frank DiMarco, CEO of Champions Group, said: “Partnering with Blackstone marks a defining next chapter for Champions Group. With Odyssey’s backing, we built one of the premier home services companies by empowering local leaders, investing in great teams, and earning customer trust. As we enter our next phase, we believe Blackstone’s resources and expertise will help us accelerate growth, strengthen our market leadership, and continue raising the bar for the home services industry.”

Michael Staub, Senior Managing Director, and Maury Bardovi, Managing Director at Blackstone, said: “We are thrilled to partner with Frank DiMarco and Odyssey as we continue to build Champions Group into a multi-service residential services platform. By bringing together best-in-class essential services under one umbrella, we have an opportunity to redefine what homeowners expect from a residential services provider—exceptional quality, reliability, and scale, all delivered locally. This partnership positions Champions Group to set a new standard for the industry and create long-term value for customers, employees, and the communities it serves.”

Brian Kwait, Chief Executive Officer, and Dennis Moore, Managing Principal of Odyssey, said, “We are excited to partner with Blackstone in the next chapter of growth for Champions Group. Over the past five years, we have had the honor of collaborating with Frank DiMarco and his outstanding team to successfully build Champions Group into a larger and more diverse home services company through a range of value generating organic growth initiatives and several strategic acquisitions. We are grateful for their outstanding leadership and look forward to continuing to provide our support to Champions Group as they further expand an outstanding platform to serve customers at the highest level, with the added benefit of Blackstone’s strategic and financial resources.”

Terms of the transaction were not disclosed. The transaction is expected to close in the first half of 2026, subject to customary conditions.

Weil served as a legal advisor to Blackstone. William Blair is serving as lead financial advisor to Champions Group and Odyssey, with Piper Sandler and Baird as co-financial advisors. Latham & Watkins LLP is serving as legal counsel to Odyssey.

About Blackstone    
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

About Champions Group
Based in Orange County, CA, Champions Group is a leading provider of essential home services specializing in heating, air conditioning, plumbing and electrical services. With the mission to maintain long-term relationships with its customers, Champions Group is dedicated to delivering timely, high-quality services across a comprehensive suite of HVAC, electrical and plumbing products.

About Odyssey Investment Partners
Odyssey Investment Partners is a leading private equity investment firm with more than a 25-year history of partnering with skilled managers and using its buy, build and integrate approach to transform middle-market companies into more efficient and diversified businesses with strong growth profiles. Odyssey makes majority-controlled investments in industrial and business services sectors with a long-term positive outlook and favorable secular trends. For further information about Odyssey, please visit www.odysseyinvestment.com.

Media Contacts

Blackstone
Hallie Dewey
Hallie.Dewey@Blackstone.com

Odyssey
Mark Semer / Grace Cartwright
Gasthalter & Co.
odyssey@gasthalter.com

Categories: News

M&G and CVC agree landmark $1.1 billion private equity transaction

CVC Capital Partners

M&G Investments (M&G) today announces the expansion of its private equity platform with the completion of a landmark $1.1 billion managed fund secondary transaction in a new strategic partnership with CVC Secondary Partners (CVC), deepening the relationship with one of the world’s leading private markets managers.

Under the terms of the partnership, funds advised by CVC have committed $1.1 billion to M&G’s 2025 PE Secondary Fund to acquire a portfolio of private equity interests – primarily in mature North American mid-market buyout funds – and to make future co-investments alongside these managers. M&G will maintain the management of the portfolios and the direct relationships with the underlying managers.

Building on M&G and CVC’s history of collaboration, the transaction delivers immediate exposure to a diversified portfolio of high-quality US private equity funds and access to M&G’s established network of leading General Partners. The partnership provides a strong platform for allocating capital to compelling opportunities through innovative structures, whilst also expanding M&G’s private assets platform for the next phase of growth.

Emmanuel Deblanc, Chief Investment Officer, Private Markets at M&G, said: “Having worked with CVC for more than two decades supporting the growth of private companies globally, this new mandate builds on a relationship rooted in investment excellence, aligned philosophies and a shared commitment to disciplined portfolio construction. By partnering with CVC on this transaction, we are combining our joint sourcing capabilities, scale and expertise in secondary investing, which broadens what we can deliver for clients, supports the continued growth of our private equity business and reinforces our commitment to backing strong businesses with long-term capital.”

Louise Boothby, a Managing Partner at CVC Secondary Partners, said: “We are pleased to be partnering with M&G again in this landmark transaction. This represents an exciting expansion of our long-standing relationship with M&G and importantly provides our investors with exposure to a seasoned and diversified portfolio, managed by some of the highest quality private equity managers.”

Francesca Paveri Fontana, Senior Managing Director at Evercore, said: “This transaction showcases the innovative nature of the secondary market by not only providing a strong liquidity solution for existing assets, but also expanding the primary deployment capabilities of both firms involved. We are delighted to have partnered with M&G on their successful transaction and congratulate the M&G and CVC teams on reaching this important milestone.”

The transaction completed on 31 December 2025

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Axon Diagnostics joins Medica Group to enhance UK diagnostic services

IK Partners

On 13 February Axon Diagnostics joined Medica Group, marking an exciting new chapter for our organisation and for the future of remote diagnostics in the UK.

By joining forces, we will become the UK’s largest clinical reporting network, supporting more than 2.5 million patients each year across the majority of NHS Trusts. This step reflects our shared ambition to accelerate innovation and gives us the scale, and capability, to support even more patients with faster, accurate reporting.

As part of this integration, Axon’s sister company, MITIS Health, will also join Medica. MITIS brings its Clinical Desktop technology, already trusted by many NHS Trusts, to support high fidelity remote diagnostic reporting.

Strengthening our capabilities together

For more than 20 years, we have built a robust network of specialist clinicians, supported by strong clinical governance and advanced infrastructure. By welcoming Axon and MITIS into the Medica Group, we are enhancing this foundation even further.

Axon is known for its innovative technology platform, agile workflows, and secure, high-performance remote desktop solutions powered by MITIS Clinical Desktop. These tools allow clinicians to work with complete flexibility, seamlessly and securely, from any appropriate location. Axon also brings a team of highly skilled clinicians who have earned a reputation for their quality and responsiveness.

Together, these strengths mean we can offer:

  • More capacity for clients across the UK
  • Faster turnaround times for routine and urgent cases
  • An enhanced experience for both healthcare partners and patients
  • A stronger platform for innovation, including AI-enabled reporting and optimised workflows

The UK’s largest clinical reporting network

With Axon joining Medica, we will be working with the majority of NHS Trusts and covering a broad range of diagnostic subspecialties.

Both organisations share the same commitment: to act as trusted strategic partners and deliver consistent, transparent, high-quality diagnostic services. Our clients will continue to work with the same familiar teams, while gradually benefiting from enhanced tools, streamlined workflows, and increased flexibility as our systems integrate.

Leadership insights

Andrew Cannon, Chief Executive Officer of Medica Group, said: “This merger marks a significant milestone for Medica, and we are proud to welcome Axon into the Medica Group. The Axon team has built an exceptional business in a remarkably short time, earning the trust of clients through first-rate service, agility and a deep commitment to quality. Bringing Axon into Medica strengthens our position as the UK’s leading diagnostics provider. Clients will continue to receive the excellent service they rely on, now supported by greater capacity and advanced reporting technology. We look forward to building a compelling future together, driving further innovation and delivering outstanding patient care at the core of our mission.”

Rahul Mehta, Chief Executive Officer of Axon Diagnostics, said: “Axon was founded to push the boundaries of diagnostic innovation, and joining Medica enables us to amplify that mission. This merger combines our technology and agile approach with Medica’s scale and clinical excellence, meaning more patients will benefit from faster and smarter reporting. We’re excited to enter this next chapter together, bringing our teams and clients with us into the Medica Group as we continue building trusted, high-quality diagnostic services.”

What happens next

We are now working through a phased integration plan that will bring together our systems, teams, and best practices in a structured and transparent way. While this integration progresses, our focus remains firmly on delivering reliable, high-quality diagnostic services that place patients at the centre of every decision we make. We look forward to the opportunities this partnership will unlock as we continue working together to deliver the highest standards of diagnostic care.

Contacts

Medica
Helen Lawton
Group Head of Marketing, Communications and Events
Email: Helen.lawton@medica.co.uk
Tel: 07950179069

FTI Consulting
Ben Atwell / Sam Purewal
Email : medica@fticonsulting.com
Tel: +44 (0) 203 727 1000

About Medica

Medica Group is the UK’s largest telemedicine diagnostics provider, delivering expert teleradiology and telepathology services to over half of NHS hospitals nationwide. With more than 20 years’ experience in remote diagnostics, Medica provides 24/7 coverage for urgent and routine imaging via a network of 800+ specialist clinicians across the UK, Ireland and the US. Its innovative platforms and use of AI-enhanced workflows help healthcare providers reduce imaging backlogs and improve patient outcomes. Headquartered in Hastings, UK, Medica Group also encompasses Medica Ireland (managed radiology and pathology services in Ireland) and RadMD in the USA (clinical trial imaging), underscoring its international reach and commitment to “improving lives through excellence in diagnostics and research.”

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About Axon Diagnostics

Axon Diagnostics is a UK-based, clinically led diagnostics services provider delivering radiology, teleradiology and digital pathology services to the NHS and private healthcare organisations. Axon offers a suite of solutions to support the needs of modern diagnostic imaging services, underpinned by innovative, secure streaming technology that enables efficient reporting, supports clinicians, and delivers tangible benefits for patient care. Axon Diagnostics – Radiology Reimagined.

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About MITIS Health

MITIS Health is a UK-based technology provider focused on improving diagnostic workflows. MITIS Health has built the Next Generation Home and inHospital Reporting Solution for Radiology, Pathology and Clinical Desktops. The Company’s Secure Gateway allows clinicians working remotely to securely project a desktop located in the hospital or datacentre, directly to any appropriate remote location. Complete lossless transmission / zero degradation of images is supported for all light-based scans such as: Plain Film, CT, MRI, PET, Ultrasound and Histopathology.

Read More 

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Blackstone Leads Funding of Over $1 Billion to Neysa to Work Towards Building India’s Leading AI Infrastructure Platform

Blackstone

Mumbai, February 16, 2026 – Neysa (the “Company”) today announced that private equity funds affiliated with Blackstone (collectively, “Blackstone”) and co-investors have entered into definitive agreements to invest in Neysa, enabling a $1.2 billion capital raise. Blackstone and co-investors have provided equity capital of up to $600 million, on the basis of which Neysa intends to secure an additional $600 million of debt financing, subject to documentation. Neysa is a fast-growing Artificial Intelligence acceleration cloud platform in India delivering mission critical solutions to enterprises and government entities. Blackstone will partner with Neysa’s Co-Founder and Chief Executive Officer, Sharad Sanghi, to accelerate the Company’s growth. This funding provides a material impetus to Neysa’s planned scale-up and deployment of over 20,000 GPUs in India, helping to enable the country’s AI revolution.

Founded in 2023, Neysa designs and develops AI systems that are deployed and operated within India. The Company provides purpose‑built and cost-effective GPU‑based AI infrastructure that enables enterprises and institutions to train, fine‑tune, and deploy AI workloads. Its customers span across industries, including financial services, technology, healthcare, and public services.

Amit Dixit, Head of Asia Private Equity at Blackstone, said: “Over the past two decades, we have been committed to building businesses that build India, and this investment brings that to life. It reinforces Blackstone’s focus on backing the essential “picks and shovels” of AI globally, including in India, a key market for Blackstone. With our scale, deep expertise, and track record of building market-leading businesses, we believe we are well-positioned to support Neysa’s next phase of growth and the advancement of India’s AI transformation.”

Ganesh Mani, a Senior Managing Director in Blackstone Private Equity, said: “Digital infrastructure is one of our highest conviction investment themes globally. This investment positions Neysa to play a meaningful role in advancing AI infrastructure in India and enables businesses and public institutions to deploy AI technologies more effectively as AI adoption accelerates. We believe Neysa has the best management team in this space and look forward to partnering with Sharad and team to scale the business and support India’s innovation.”

Sharad Sanghi, Co-Founder and Chief Executive Officer of Neysa, said: “India’s AI ambition requires production grade infrastructure built and operated at scale. Neysa is focused on delivering the execution layer of sovereign compute, and AI research enablement and adoption in alignment with the goals of IndiaAI Mission. We seek to provide performance certainty and data assurance, enabling enterprises, hyperscalers, and global AI labs to deploy and scale reliable AI infrastructure in India. With Blackstone’s experience in scaling critical infrastructure, we aim to help establish India as a globally relevant AI compute destination. This investment is especially meaningful as it coincides with the AI Impact Summit, reflecting growing global engagement with India’s AI compute landscape.”

Blackstone affiliates are a significant global investor in the foundational tools, infrastructure, and technologies that drive AI’s development and adoption. Key investments include QTS, world’s largest data center platform; AirTrunk, the leading data center platform in the Asia Pacific region; CoreWeave, a specialized cloud infrastructure company; and Firmus, an Australian-based AI infrastructure platform.

Other equity investors in this transaction to include Teachers’ Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Venture Partners. DC Advisory served as lead financial advisor to Neysa. KPMG served as a financial advisor to Blackstone. Talwar Thakore & Associates (TT&A) is serving as legal advisor to Neysa. Trilegal and Gibson & Dunn are serving as legal advisors to Blackstone.
 
About Blackstone  
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.
 
About Neysa
Neysa is an AI Acceleration Cloud provider that enables enterprises, startups, and public sector organisations to discover, deploy, and scale AI workloads securely and cost-effectively. Its flagship AI Acceleration Cloud system, Velocis covers AI infrastructure, GenAI and AI use case performance optimisation, and AI/ML security. Neysa’s partner-first approach is designed to foster an open AI ecosystem, driving industry-specific adoption at scale. Further information is available at www.neysa.ai. Follow @neysa on LinkedIn and Instagram.

Media Contacts

For Blackstone
Ellen Bogard
Ellen.Bogard@Blackstone.com
Tel: +852 3651 7737

Deepa Jayaraman
Deepa.jay@outlook.com
Tel: +91 90087 78681

For Neysa
Sujit Janardanan
sujit.j@neysa.ai
Tel: +91 9819466337

Naina Aggarwal Ahuja
naina.a@talkingpointcommunications.com
Tel: +91 9582363695

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Ratos divests Expin Group as part of its streamlining

Ratos

Ratos has entered into agreements to divest Elektrosignal Infra and Ratatek, focusing on electrification and signal and telecommunication systems within rail infrastructure in Sweden and Finland, to Baneservice, Norway’s leading railway contractor. Through these transactions, in all material aspects, the operational business of Expin Group is divested.

The divestment pertains to the operational business of Expin Group, of which Ratos ultimately owns 94 percent of the shares.

“With today’s announcement, we take another important step in the continued streamlining of Ratos, strengthening our focus on long-term value creation. I am pleased that Expin Group will be backed by Baneservice, a reputable and committed owner, as the company continues its journey,” says Anna Vilogorac, Chairman of Expin Group.

Estimated financial impact on Ratos
The divestment will have an impact on Ratos’ reported operating profit of approximately SEK -800 million (non-cash impact) in the fourth quarter of 2025 and will generate cash proceeds of about SEK 50-70 million upon closing. Final impact will be calculated on closing. The transactions are subject to customary regulatory approvals and are expected to be completed in the second quarter of 2026.

About Expin Group
Expin Group focuses on electrification and signal and telecommunication systems within rail infrastructure in Sweden and Finland.

For more information, please contact:
Anna Vilogorac, CFO & IR
+46 70 616 50 19
anna.vilogorac@ratos.com

Katarina Grönwall, VP Communications & Sustainability
+46 70 300 35 38
katarina.gronwall@ratos.com

This information is information that Ratos is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-02-16 00:20 CET.

About Ratos
Ratos is a Swedish publicly listed business group consisting of 14 companies across three business areas: Construction & Services, Industry and Consumer. The Group operates mainly in the Nordic region, with net sales of SEK 32 billion and an adjusted EBITA of SEK 2.3 billion in 2024, and with a total workforce of around 10,900 employees. Ratos is headquartered in Stockholm, Sweden.

We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in Execution and It’s All About People. We enable independent subsidiaries to excel by being part of something larger.

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CVC DIF agrees sale of American Roads to John Laing

CVC|DIF
  • American Roads owns and operates a portfolio of four tolled transportation facilities, including three bridges in Alabama and the American-side concession of the Detroit-Windsor Tunnel, which serves as an international border crossing between Canada and the United States.
  • Across its facilities, American Roads serves approximately seven million trips annually.
  • During CVC DIF’s ownership, American Roads has been transformed into a resilient, well-positioned platform of essential transport assets through active asset management, operational optimisation, and strategic capital structuring.
  • This exit underscores CVC DIF’s clear focus on returning capital to investors, supported by the expertise of its dedicated Divestments team.

CVC DIF, the infrastructure strategy of leading global private markets manager CVC, is pleased to announce that it has signed an agreement to sell American Roads to John Laing Group (“John Laing”), a leading international investor and active manager of core infrastructure assets. The transaction is subject to customary regulatory approvals and other closing conditions, including required antitrust clearances in the United States.

American Roads is a transportation infrastructure platform that owns and operates a portfolio of toll road infrastructure in the United States. The portfolio includes three bridges in Alabama with perpetual operating rights, as well as the concession-lease for the American-side of the Detroit–Windsor Tunnel, a strategically important cross-border tunnel connecting Detroit, Michigan, USA with Windsor, Canada. These assets provide critical connectivity for commuters and regional businesses, and serve approximately seven million trips annually.

Since acquiring American Roads in 2018 via its DIF Infrastructure V fund, CVC DIF has executed a clearly defined value creation plan focused on strengthening the platform’s operational resilience and positioning the assets for sustainable long-term growth. This has included close engagement with management to optimise operating practices across the portfolio and implement a capital structure designed to support ongoing investment and operational flexibility. CVC DIF’s ownership period also included the successful management of the platform through the Covid-19 pandemic, maintaining service availability during major operational disruption and a sharp decline in passenger travel, while positioning the business for recovery. CVC DIF also supported the development of an experienced, top-tier management team, reflecting the platform’s long-term institutional ownership profile.

Andrew Freeman, Partner and Head of Divestments at CVC DIF, commented: “American Roads is a strong illustration of CVC DIF’s active ownership and long-term approach to infrastructure investing. Through close partnership with management, disciplined operational optimisation, and thoughtful capital structuring, we have developed a resilient and well-governed platform of essential transport assets. We are pleased to have agreed this transaction with John Laing, a highly experienced infrastructure investor, and believe American Roads is very well positioned to continue delivering critical connectivity in its next phase of ownership.”

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Through close partnership with management, disciplined operational optimisation, and thoughtful capital structuring, we have developed a resilient and well-governed platform of essential transport assets

Andrew FreemanPartner and Head of Divestments at CVC DIF

The sale of American Roads continues CVC DIF’s programme of disciplined portfolio rotation, reflecting sustained investor demand for high-quality, long-duration infrastructure assets underpinned by stable fundamentals.

CVC DIF was advised on the transaction by Macquarie Capital (Financial), A&O Sherman (Legal), KPMG (FDD and Tax), Infrata (Technical, ESG and Traffic) and Marsh (Insurance).

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Bain Capital and BlueWater Marinas Acquire Bayside Marine in Duxbury, MA

BainCapital

BOSTON & CHARLESTON, S.C. – February 13, 2026 – BlueWater Marinas (“BlueWater”) today announced the acquisition of Bayside Marine (“Bayside”), a premier full-service marina located in Duxbury, Massachusetts. Bayside represents the fifth marina acquired by Bain Capital and BlueWater as part of their joint venture.

Family-owned and operated by the Kent family since 1949, Bayside Marine has become a cornerstone of the Duxbury boating community and is supported by decades of operational excellence in one of Massachusetts’ most affluent and supply-constrained coastal markets. Situated on Duxbury Bay with direct access to Cape Cod Bay, the property serves as a premier launch point for fishing and cruising across the South Shore and greater Cape Cod region. Bayside operates as a full-service, one-stop destination for customers’ boating needs, including storage, service, and boat sales as an authorized Grady-White dealer.

Andrew Terris, a Partner at Bain Capital Real Estate, said, “Bayside represents a compelling opportunity to invest in a high-quality, full-service marina that expands our presence in the Northeast. This asset pairs well with our acquisition of Glyn’s Marine on Nantucket and reflects our strategy of building a portfolio of outstanding marina properties along the East Coast.”

Joe Miller, a Principal at BlueWater Marinas, added, “Bayside Marine is a highly respected, deeply rooted business within the New England boating community. The property’s wide scope of services, attractive location, and multi-generational legacy align well with our approach to investing in high-quality marina operations in key coastal markets. We look forward to supporting the Kents and their team in continuing to deliver exceptional customer experience as they stay on to lead the day-to-day operations of the business.”

About Bain Capital Real Estate

Bain Capital Real Estate pursues investments in often difficult-to-access sectors underpinned by enduring secular trends that drive long-term demand growth for real estate assets and services. The Bain Capital Real Estate team has invested and committed over $10.7 billion of equity across multiple sectors as of September 30, 2025. Bain Capital Real Estate focuses on assets where the team applies its deep industry expertise to accelerate impact and drive operational improvements. Bain Capital Real Estate’s strategy aligns with the value-added investment approach that Bain Capital pioneered and leverages the firm’s global platform and significant experience across asset classes to further bolster its insights and sourcing capabilities. Bain Capital is one of the world’s leading private investment firms, with approximately $215 billion of assets under management. For more information, visit https://www.baincapitalrealestate.com.

About BlueWater Marinas

Headquartered in Charleston, South Carolina, BlueWater Marinas will acquire, develop and operate coastal marina assets, including both dry and wet slips. Established by former executives and key team members of PORT 32 Marinas and Atlantic Marina Holdings, alongside several marina industry top performers, BlueWater Marinas brings unparalleled expertise in marina development and management, delivering exceptional service to its customers. With a proven track record, BlueWater Marinas will build and operate a distinguished portfolio of Class A marina assets in prime markets along the East Coast. For more information, please visit https://bw-m

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