Archives

Lemon Tree Hotels Announces Strategic Reorganization and Investment from Warburg Pincus in Fleur Hotels to Unlock Long-Term Shareholder Value

Warburg Pincus logo
  • The reorganization will create two focused, high-growth, and large-scale platforms  
  • Warburg Pincus will acquire APG’s entire 41.09% stake in Fleur and commit to invest up to ₹960 crore of primary capital to support the growth of Fleur

New Delhi, 9 January 2026 — Lemon Tree Hotels Limited (“Lemon Tree”) and Fleur Hotels Limited (“Fleur”) today announced that their respective Boards of Directors have approved a Composite Scheme of Arrangement (the “Scheme”) designed to simplify the group structure, enhance strategic focus, and unlock long-term value for shareholders. The Scheme is subject to customary regulatory and shareholder approvals.

The proposed reorganization will create two clearly differentiated and complementary platforms:

  • Lemon Tree Hotels Limited,as a pure-play, asset-light hotel management and brand platform; and
  • Fleur Hotels Limited, a current subsidiary of Lemon Tree, as a large-scale growth-oriented hotel ownership platform with development capabilities and an attractive pipeline.

The Board of Directors further approved:

  • Execution of a Share Purchase Agreement enabling Coastal Cedar Investment B.V., an affiliate of Warburg Pincus, to acquire the full 41.09% equity stake held by APG Strategic Real Estate Pool N.V. (“APG”) in Fleur; and
  • Execution of a Shareholders’ Agreement providing for a primary investment by Warburg Pincus of up to INR 960 crore to be infused in tranches, to support the future growth of Fleur.

This investment marks a renewed partnership between Warburg Pincus and Lemon Tree, following Warburg Pincus’ earlier investment in the company in 2006, which supported Lemon Tree’s initial growth to become a prominent hotel brand and platform in India.

The Scheme, to be implemented through a NCLT-approved process, will reorganise the group’s asset ownership and operating structure. The hotel assets currently owned by Lemon Tree will be transferred to Fleur, which will serve as the group’s exclusive asset ownership and development company. Fleur will lead the group’s all future hotel acquisitions and development, while Lemon Tree will transition to a fully asset-light model, focused on growing its hotel management, franchising and digital business. The Scheme will also result in a listing of Fleur’s shares on NSE and BSE. Mr. Patanjali Govind Keswani, Founder of Lemon Tree Hotels, will serve as the Executive Chairman of Fleur Hotels and will eventually transition to a Non-Executive role at Lemon Tree.

This reorganization and investment come at a time when India’s hospitality sector is entering a period of sustained growth, driven by rising disposable income and discretionary spending, strong growth in domestic inter-city air / rail / road travel, a rebound in international tourism, and the Government of India’s continued focus on tourism and investment in aviation / high-speed railways / four-lane highways infrastructure. Increasing corporate travel and India’s emergence as a leading Meetings, Incentives, Conferences and Exhibitions (MICE) destination further support long-term demand fundamentals.

Commenting on the development, Mr. Patanjali Govind Keswani, Founder and Executive Chairman of Lemon Tree and Fleur Hotels, said, “This scheme is intended to create a simplified, transparent, and growth-oriented structure for both companies, which we believe will enhance long-term value for our shareholders. We are also pleased to renew our partnership with Warburg Pincus, with whom we share a long history of building the foundations of Lemon Tree. This collaboration marks a defining moment as we enter the next phase of expansion for Fleur. With the Indian hospitality industry at an important inflection point, we look forward to leveraging Warburg Pincus’ global network and deep real estate and hospitality experience to scale responsibly, advance digital-led capabilities and embed sustainability as a core pillar of Lemon Tree’s and Fleur’s long-term growth journey.”

Anish Saraf, Managing Director, Warburg Pincus, said, “We are pleased to once again partner with Patu and the Fleur leadership team to support the next chapter of growth for the platform. Lemon Tree has played a pioneering role in shaping India’s mid-market hospitality segment, building a large scale, high-quality portfolio with strong brands and operating capabilities. With favourable industry fundamentals and a clear strategic roadmap, we look forward to supporting the team as they continue to scale the business.”

Dominic Doran, Senior Director, Real Estate, Asia-Pacific, APG Asset Management, said, “As we continue our long-standing association with Lemon Tree, we are also proud to have supported Fleur Hotels for more than a decade to become one of India’s leading and socially inclusive hospitality platforms. This transaction in Fleur is the culmination of APG’s long-term approach to investing and provides our clients with a full-cycle return from one of the fastest growing economies in the world. We thank Patu and the Fleur team for their hard work and commitment to reach this milestone as the company enters its next phase of growth.”

Details of the Composite Scheme of Arrangement

Key Highlights

  • Appointed date: 1 April 2026
  • Lemon Tree will merge two of its wholly owned subsidiaries (Carnation Hotels and Hamstede Living) with itself.
  • Four wholly owned subsidiaries of Lemon Tree (Oriole Dr. Fresh, Sukhsagar Complexes, Manakin Resorts and Canary Hotels) will be merged with Fleur against the issuance of shares by Fleur to Lemon Tree.
  • 12 hotels (11 operational hotels and one under-construction hotel at Shimla) of Lemon Tree together with the development capabilities (collectively, the “Demerged Undertaking”), along with the investment in one under construction hotel in Shillong through a 100% subsidiary of Lemon Tree, will be demerged with Fleur.
  • Upon the Scheme becoming effective, the shareholders of Lemon Tree (as on the record date) will own 32.96% of Fleur, Lemon Tree will directly own 41.03% with the balance 26.01% to be owned by Warburg Pincus (shareholding figures exclude any dilution from primary investment by Warburg Pincus in Fleur).

Following receipt of all relevant approvals, the Scheme will become effective, and Fleur will be listed as a separate entity on Indian stock exchanges. The entire process to listing of Fleur is expected to be completed within 12 to 15 months.

Rationale of the Composite Scheme of Arrangement

  • Complementary, Large-Scale and High-Growth Platforms: The proposed reorganization creates two focused and complementary platforms—an asset-light business with hotel management, brand & loyalty, distribution and digital capabilities and a hotel ownership and development platform—both positioned for growth. Fleur will combine existing operating assets with a clearly defined development and acquisition pipeline, while Lemon Tree will continue to scale its management and franchise portfolio domestically and internationally.
  • Strengthened Balance Sheet: The proposed raising of primary capital from Warburg Pincus will strengthen Fleur’s balance sheet and unlock risk mitigated growth opportunities through development and acquisition of hotel assets.

Post the Proposed Transaction

Fleur will become one of the largest owners of hospitality assets in India. Its owned portfolio will expand significantly, increasing from 3,993 keys and 24 operating hotels to 5,813 keys across 41 hotels. Fleur will continue to scale its owned portfolio through future development and acquisitions.

Lemon Tree will continue to operate its existing leased hotels in Indore and Aurangabad, which are approaching the end of their respective lease terms. In addition, Lemon Tree will manage an additional 1,820 keys and 17 hotels transferred to Fleur alongside its existing portfolio of 3,993 keys and 24 hotels of Fleur operated by Lemon Tree. Lemon Tree will remain focused on its asset-light strategy, continuing to manage and franchise its existing portfolio of third-party owned hotels, with 6,011 keys across 89 operational hotels and 9,414 keys across 127 hotels under various stages of development in India and internationally, which is expected to continue to expand over time.

Morgan Stanley acted as the exclusive financial advisor for the proposed transaction.

About Lemon Tree Hotels Limited

Lemon Tree Hotels Limited (LTHL) is one of India’s leading hospitality companies, catering to a wide range of customers – from value-conscious travellers to premium business and leisure seekers. With seven distinct brands – Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox, Keys Prima, Keys Select, and Keys Lite – the group offers experiences across upper upscale, upscale, upper midscale, midscale, leisure, wildlife, and spiritual segments.

LTHL operates 120+ hotels across 80+ cities in India and abroad, with a growing pipeline of 120+ upcoming properties. From metro hubs like Delhi-NCR, Mumbai, Bengaluru, and Hyderabad to tier II & III cities such as Jaipur, Udaipur, Kochi, and Indore – and with an international presence in Dubai, Bhutan, and Nepal – Lemon Tree Hotels delivers exceptional comfort, consistent quality, and a warm, refreshing experience.

Since opening its first 49-room hotel in 2004, the group has grown to 250+ properties (operational and upcoming), becoming a trusted name in hospitality for both business and leisure travellers.

For more details, visit www.lemontreehotels.com

About Warburg Pincus

Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $100 billion in assets under management, and more than 215 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,100 companies across its private equity, real estate, and capital solutions strategies. The firm is headquartered in New York with more than 15 offices globally.

Warburg Pincus began investing in India in 1996. Today, it has become one of the largest and most active global private equity investors in the country, with nearly $10 billion invested in more than 80 companies across financial services, healthcare, consumer, industrial, business services, and technology sectors. Notable investments in India include Appasamy Associates, Truhome Finance (previously known as Shriram Housing Finance), Meril, Imperial Auto, Avanse Financial Services, IDFC First Bank, CAMS, Kalyan Jewellers, Alliance Galaxy (previously known as Alliance Tyre Group – ATG) and Bharti Airtel.

Warburg Pincus began investing in Asia real estate in 2005. Today, it has become one of the largest and most successful investors in the region, with more than US$10 billion invested in around 60 real estate platforms and ventures across Asia Pacific. The firm is a pioneer of thesis-driven growth investing in Asia real estate and has co-founded or sponsored leading platforms alongside best-in-class entrepreneurs such as ESR, Princeton Digital Group, BW Industrial, DNE, Vincom Retail, StorHub and Vita Partners.  Warburg Pincus has been an active investor in hospitality and living sectors, with notable investments including Weave Living, Lodgis, 7 Days Hotels, Vlinker, Tokyo Beta and Kio. For more information, please visit www.warburgpincus.com or follow us on LinkedIn.

Media Contact

Warburg Pincus

Lisa Liang

Senior Vice President, Asia Head of Marketing and Communications, Warburg Pincus

lisa.liang@warburgpincus.com

Malini Roy

malini.roy@warburgpincus.com

Back To News

Categories: News

Tags:

Carlyle to Announce Fourth Quarter and Full-Year 2025 Financial Results and Host Investor Conference Call

Carlyle

Washington, D.C. and New York – The Carlyle Group Inc. (NASDAQ: CG) announced today that it will release financial results for the fourth quarter and full-year 2025 on Friday, February 6, 2026, and host a conference call at 8:30 a.m. EST. The conference call will be available via public webcast from the Events & Presentations section of ir.carlyle.com and a replay will also be available after the call’s completion.

Chief Executive Officer Harvey Schwartz, along with Chief Financial Officer Justin Plouffe and Head of Public Investor Relations Daniel Harris, will review the results during the call.

The earnings release will be available through all Carlyle channels, including the Earnings Releases section of ir.carlyle.com and the firm’s X and LinkedIn accounts.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $474 billion of assets under management as of September 30, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,400 people in 27 offices across four continents.

Contacts
Public Investor Relations
Daniel Harris
+1 (212) 813-4527
daniel.harris@carlyle.com

Media
Brittany Bensaull
+1 (212) 813-4839
brittany.bensaull@carlyle.com

OR

Kristen Ashton
+1 (212) 813-4763
kristen.ashton@carlyle.com

Categories: News

CapMan Real Estate divests public property in Solna to Vacse

Capman

CapMan Nordic Real Estate III FCP-RAIF (CMNRE III) has signed an agreement to sell Sadelplatsen 1, a development property in Solna approximately 5 km from central Stockholm to the Swedish real estate company Vacse. The divestment marks the next phase in the property’s lifecycle as it moves toward redevelopment and adaptation for public sector use.

CMNRE III acquired the highly visible office building in Solna in December 2020, at a time when the property was almost completely vacant. The property comprises approximately 6,700 sqm of lettable area along with generous garage facilities. By securing a long-term lease with a Swedish law enforcement authority, CapMan Real Estate has enabled the transformation of Sadelplatsen 1 into a stable, income-generating asset. The building will now be renovated and purpose-adapted for the law enforcement authority, which will occupy the entire premises, ensuring the property’s long-term role in providing essential civic services.

The transaction represents the Fund’s third exit and reflects its strategy to actively managing and developing its portfolio through divestments where value has been realised. Closing is expected to take place during the first quarter of 2026.

“We are very pleased to complete this transaction with Vacse, a long-term and specialised owner of public sector properties. This exit demonstrates our ability to create value through active asset management and confirms that there is continued liquidity and strong demand for well-located, high-quality assets with secure end users,” says Magnus Berglund, Partner and Head of CapMan Real Estate Sweden.

Catella Corporate Finance acted as the Fund’s sell-side advisor and Mannheimer Swartling as legal advisor in the transaction.

For more information, please contact:
Magnus Berglund, Partner, Head of CapMan Real Estate Sweden
+46 70 786 68 08

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.1 billion euros 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, real asset debt, 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, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com

Categories: News

Tags:

CVC DIF to acquire leading Iberian parking infrastructure platform iPark from Elliott Investment Management

CVC|DIF
  • iPark owns and operates a portfolio of more than 30,000 parking spaces across more than 80 facilities in Spain and Portugal, with a well-diversified asset base present in urban centres, hospitals and transport-related locations.
  • With this investment, CVC DIF will support iPark’s management team in pursuing the company’s next phase of growth across Iberia, while continuing to enhance its operations.

CVC DIF, the infrastructure strategy of leading global private equity manager CVC Capital Partners, has agreed to acquire iPark, a large-scale Iberian parking infrastructure platform operating across Spain and Portugal, from Elliott Investment Management. The investment will be made through DIF Infrastructure VIII.

iPark owns and operates a diversified portfolio of over 30,000 off-street parking spaces across more than 80 facilities, primarily located in urban centres, hospitals and transport-related locations.

The investment by DIF Infrastructure VIII will support iPark’s next phase of growth, building on its established buy-and-build strategy to scale the platform across core Iberian markets while continuing to enhance operational efficiency and digitalisation.

The transaction is aligned with CVC DIF’s strategy and significant experience of investing in essential infrastructure assets with long-term, concession-like high-visibility cash flows, which play a critical role in supporting economic activity and urban mobility in Europe.

Quotes

iPark is a high-quality, essential and highly diversified infrastructure platform with a strong market position and clear growth potential.

Tom GoossensPartner at CVC DIF

Tom Goossens, Partner at CVC DIF, commented: “iPark is a high-quality, essential and highly diversified infrastructure platform with a strong market position and clear growth potential. Off-street parking plays a vital role in urban mobility and iPark is well-positioned to further strengthen its leadership in this segment. Its diversified portfolio, long-term contracts and experienced management team make it an excellent fit for CVC DIF’s investment strategy. We look forward to partnering with the team to support the company’s continued growth and long-term value creation.”

Juan Manuel Mogarra, Founder and CEO of iPark, added: “CVC DIF is a highly experienced infrastructure investor with a deep understanding of long-term, essential assets. Their support will enable iPark to accelerate its growth strategy while continuing to deliver high-quality services to cities, partners and customers across Spain and Portugal. We are excited to begin this next chapter together.”

Paul Best, Senior Managing Director and Head of European Private Equity at Elliott Investment Management, said: “This transaction is a reflection of iPark’s market-leading position and potential for further growth. We are proud to have supported iPark as it expanded and diversified its portfolio and scaled its platform across Iberia. We wish the iPark and CVC DIF teams all the best as they pursue the next phase of growth for the company.”

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

DC Advisory and Eversheds acted as financial and legal advisers to Elliott Investment Management on the transaction, while RBC Capital Markets and Uría & Menéndez acted as financial and legal advisers to CVC DIF, respectively.

Categories: News

Tags:

Anders Invest invests in Genap

Anders Invest

Anders Invest has acquired a 49% stake in Genap, based in ’s-Heerenberg. Genap delivers custom-made liner and water storage systems for horticulture, agriculture and civil engineering and infrastructure (GWW). The company generates annual revenue of approximately €25 million and employs over 100 people.

For decades, Genap has been a leading player in the field of water and liquid storage. From its headquarters and main production facility in ’s-Heerenberg, and its second production location in Steenwijk, the company develops high-quality liner solutions used worldwide. These range from water silos and basins for greenhouse horticulture to sealing solutions for large-scale infrastructure projects and manure storage systems in the agricultural sector.

Genap’s strength lies in the combination of in-house material processing, craftsmanship and deep technical expertise. Plastics such as HDPE and LLDPE are processed internally and extensively tested in the laboratory, where R&D and certified welding processes ensure consistent and verifiable quality. Within the civil engineering and infrastructure sector, Genap works on major projects, from roads and tunnels to the sealing of landfills. The company installs large areas of waterproof geomembranes, sometimes more than 100,000 m² per project. Genap particularly distinguishes itself through a capability mastered by only a few parties: the skilled installation of these waterproof layers in wet conditions.

Genap supplies and installs its systems worldwide, supported by a network of its own locations and partners. For the international horticulture market, the company has local production and installation capabilities in, among others, Canada and Mexico. This keeps lead times short and enables projects in those regions to be managed directly and efficiently. In the agricultural sector, Genap has been providing reliable manure storage systems for decades. These solutions align with increasingly stringent regulations and play an important role in reducing odor and CO2 emissions.

Dick van Regteren will remain in place as CEO and shareholder. With Anders Invest’s participation, Genap will focus on further professionalizing the organization, expanding international production capacity, and continuing to develop solutions for water and manure storage and liner systems for the civil engineering and infrastructure sector.

Categories: News

Tags:

Anders Invest invests in Falkom

Anders Invest

Anders Invest has acquired a 40% stake in Falkom B.V., a manufacturer of recovery vehicles based in Tiel. The company generates annual revenue of €20 to €25 million and employs nearly 100 people.

Founded in 1983 and headquartered in Tiel, Falkom designs and builds recovery vehicles for cars and trucks. The company has developed into an international player with a broad product portfolio and supplies customers through a network of dealers and direct relationships across Europe and beyond. Production takes place in the Netherlands and Poland.

Falkom offers a complete range of vehicles that combine maximum operational capacity with a lightweight design. Thanks to its capabilities in electronics, hydraulics and mechanics, the company can integrate truck beds, cranes and tool cabinets onto a wide range of truck chassis. Innovative designs provide optimal storage space and a high-quality finish, ensuring customers receive vehicles that are not only functional but also visually appealing.

Falkom will retain a strong management team with a proven track record of growth. Managing Director Evert van de Glind, who has been responsible for day-to-day management since 2015, will retain a 50% shareholding. Ties Aalbers, who has long been responsible for operations, will acquire a 10% stake. Under the leadership of Evert, Ties and the wider Falkom team, the company has tripled its revenue over the past ten years and has grown into one of the international market leaders.

With Anders Invest’s participation, Falkom can further realize its long-term growth ambitions. The company will remain focused on innovation, customer orientation and productivity.

Categories: News

Tags:

Carlyle appoints Jumpei Ogura as Co-Head of Carlyle Japan

Carlyle

Kazuhiro Yamada appointed Chairman of Carlyle Japan alongside Co-Head responsibilities

Tokyo, Japan – 8 January 2026 – Global investment firm Carlyle (NASDAQ: CG) today announced leadership changes to strengthen its Japan business. Jumpei Ogura has been appointed Co-Head of the Carlyle Japan advisory team where he will work alongside existing Co-Heads Kazuhiro Yamada and Takaomi Tomioka in leading the firm’s Japan platform.

In addition, Mr. Yamada has been appointed Chairman of Carlyle Japan, taking on this expanded role while continuing as Co-Head through 2026 where he remains focused on sourcing and evaluating investment opportunities. Beginning in 2027, he will transition fully to the Chairman position, where he will focus on senior-level strategic engagement, institutional relationships, and governance while also continuously supporting the firm’s investment activities in the region. His transition ensures continuity while supporting the long-term strategic direction of the Japan platform.

These changes, effective 1 January 2026, represent the next step in Carlyle’s long-term succession plan in Japan and are designed to build on the team’s strong momentum and investment performance.

With 20 years of investment experience at Carlyle, Mr. Ogura has played a key role in several of the firm’s notable investments in Japan where he has led Technology, Media and Telecommunications coverage since 2020. These include ARUHI Corporation and Simplex Inc. as well as existing investments such as KANAMEL (formerly AOI TYO Holdings), Uzabase, Kaonavi and TRYT. His appointment to Co-Head reflects his strong leadership skills, proven track record, and commitment to the growth of Carlyle’s franchise in Japan. Prior to joining Carlyle, Mr. Ogura was an Associate Director at UBS Investment Bank Tokyo in the Financial Institutions Group. He received his BA from Keio University and completed the Stanford Executive Program at Stanford Graduate School of Business.

Jumpei Ogura, Co-Head of the Carlyle Japan advisory team, said: “I am honored to take on this leadership role alongside Yamada-san and Tomioka-san, who I have worked with for many years. Carlyle has a long and successful history in Japan, and I look forward to contributing further to the firm’s growth.”

Kazuhiro Yamada and Takaomi Tomioka, said: “We are delighted to appoint Jumpei to Co-Head. His elevation reflects the impressive track record he has built across two decades at Carlyle and position us well for the future. Japan remains a highly attractive market with increasing corporate carve-out, business succession, and delisting opportunities. Carlyle is fortunate to have a strong and experienced team that, together with the firm’s global capabilities, can deliver meaningful value to Japanese companies.”

Carlyle has invested more than 700 billion yen across over 40 Japanese companies since entering the market in 2000. In 2025, the firm celebrated the 25th anniversary of opening an office in Tokyo.

###

About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across its business and operates through three segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $474 billion of assets under management as of September 30, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,400 people in 27 offices across four continents. Further information is available at carlyle.com. Follow Carlyle on LinkedIn at The Carlyle Group and on X at @OneCarlyle.

Media contacts

Carlyle

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

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

Brunswick Group

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

Categories: People

American College of Education Receives Strategic Growth Investment from Bain Capital Double Impact

BainCapital

The sponsorship aims to further amplify the college’s impact, support innovation and expand access to its affordable programs.

INDIANAPOLIS – January 8, 2026 – American College of Education® (ACE) is pleased to announce a strategic investment from Bain Capital Double Impact (Bain Capital). The partnership aims to support ACE’s continued strategic growth and innovation, expanding access to meaningful career outcomes and professional development opportunities.

With more than 52,000 alumni across 20 years of serving adult learners, ACE has built a strong foundation focused on affordable and flexible programs that advance careers and offer a meaningful return on investment.

“ACE continues to thrive as a quality, financially strong, mission-driven institution that delivers compelling learning outcomes and career advancement for its students – a unique combination in today’s higher education landscape,” ACE President and CEO Geordie Hyland said. “We’re pleased to welcome Bain Capital to the ACE community and believe their approach and long-term perspective complement our own and will help support our continued growth and impact.”

“We invest in companies that not only deliver significant commercial value but also cultivate measurable positive impact for broader stakeholders,” said Iain Ware, a Partner at Bain Capital Double Impact. “ACE is a compelling partner given its extensive track record of providing quality, affordable education connected to career opportunities and development for learners. We are excited to support the next phase of ACE’s growth and help further amplify its impact.”

The strategic investment provides ACE access to additional resources, capital and operational expertise to advance key priorities, including program innovation, employer and institutional partnerships, technology enhancements, and continued student experience enrichment.

“ACE’s success is a direct reflection of our employees and their commitment to our mission, focus on student success and outstanding work,” Hyland added. “We look forward to this next chapter and to expanding our impact across higher education and today’s workforce.”

Macquarie Group Limited, a global financial services agency, advised ACE on the transaction after identifying mission alignment and substantial potential for the college under Double Impact’s sponsorship.

About American College of Education
American College of Education (ACE) is an accredited, fully online private college specializing in high-quality, affordable programs in education, business, healthcare and nursing. Headquartered in Indianapolis, ACE offers more than 60 innovative and engaging programs for adult students to pursue a doctorate, specialist, master’s or bachelor’s degree, along with graduate-level certificate programs.

About Bain Capital Double Impact
Bain Capital Double Impact is the impact investing strategy of Bain Capital, a leading global private investment firm. Bain Capital Double Impact leverages deep industry experience and an active, value-added approach to build great companies that deliver both competitive financial returns and meaningful, measurable social and environmental good. Bain Capital Double Impact partners with companies across three themes – health & wellness, education & workforce development, and climate & sustainability to create long-term value and meaningful social impact at scale. For more information, visit www.baincapitaldoubleimpact.com.

 

Media Contacts

 Eddie de Sciora

Categories: News

Tags:

Majesco Closes Acquisition of Vitech, Advancing Cloud and AI-Native Innovation for Insurance and Pension & Retirement

Thomabravo

MORRISTOWN, NEW JERSEY — Majesco, a leader in cloud-native and AI-native insurance technology for the P&C and L&AH markets, today announced the close of its previously announced acquisition of Vitech, a provider of cloud-native pension and benefits administration solutions. The transaction expands Majesco’s leadership into the Group & Benefits and Pension & Retirement segments and strengthens its position as the category leader for next-generation core platforms.

“We are thrilled to officially welcome Vitech to Majesco,” said Adam Elster, CEO of Majesco. “This is a powerful moment for our customers as we significantly expand into new markets and add capabilities and expertise to drive innovation, growth, and efficiency. We’re bringing unmatched AI-leadership and expertise across P&C, Group & Benefits, and Pension & Retirement to support our customers and the market in the new era.”

With the addition of Vitech, Majesco now offers an even broader product portfolio with expansion into the Pension & Retirement market. The broader and more innovative portfolio of solutions help Majesco customers lower expense ratios, streamline complex operations, accelerate product innovation, and respond faster to evolving regulatory and customer demands. Together, Majesco’s intelligent, cloud and AI-native solutions provide a future-ready platform to drive operational optimization, innovation, and growth.

“This marks an important milestone for both organizations,” said James Ousley, CEO of Vitech. “Our combined talent and solutions portfolio create a powerful foundation to improve efficiency, extend capabilities, and prepare for a rapidly evolving market. We’re excited to join Majesco and about the unique possibilities it brings to our customer base.”

Today’s close marks the start of Majesco’s next phase of growth, focused on delivering industry-leading, AI-native innovation and strengthening the technology foundation to the P&C and L&AH insurance and Retirement & Pension markets to adapt, innovate, and compete in an increasingly complex landscape. Majesco recently announced it is quadrupling its AI investment to accelerate its P&C roadmap and extend customer value for the P&C market.

Additionally, CVC Funds have completed a minority investment in Majesco as part of this transaction. The additional resources will support the ongoing expansion and innovation across Majesco’s AI-native product portfolio.

Kirkland & Ellis LLP served as legal advisor to Majesco and Thoma Bravo. White & Case LLP served as legal advisor to CVC Capital Partners. RBC Capital Markets acted as financial advisor to Vitech.

About Majesco

Majesco isn’t just riding the AI wave – we’re leading it for the P&C and L&AH insurance industry. Born in the cloud and built with an AI-native vision, we’ve reimagined the insurance core as a platform that lets insurers move faster, see farther, and operate smarter. As leaders in intelligent SaaS solutions, we’ve embedded AI and Agentic AI throughout our robust product portfolio of core, underwriting, loss control, distribution, and digital solutions so our customers can reimagine their business with real-time business insights, optimized operations, and enhanced business outcomes. Everything we build is designed to strip away complexity and let our clients focus on what matters: delivering exceptional products, experiences, and outcomes.

In a world where change is constant, our native-cloud SaaS platform empowers insurers the agility to adapt to market and risk shifts quickly, reshape their operational cost structure, accelerate innovation readiness, and rethink how insurance can be done with the intelligence to stay ahead. With 1000+ implementations, we are the AI insurance leader that over 350 insurers, reinsurers, MGAs rely on to rethink how insurance can be done in today’s modern era of insurance. Break free from the past and build the future of insurance at www.majesco.com.

Categories: News

Tags:

KKR and Oak Hill Capital Commit Nearly $2 Billion to Leading European Data Center Platform Global Technical Realty

KKR

Investment to accelerate GTR’s expansion as demand for next-generation data center infrastructure continues to rise across Europe

NEW YORK & LONDON–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced that it is making an additional $1.5 billion equity commitment to Global Technical Realty (“GTR”), a multi-billion dollar European built-to-suit data center platform. In connection with this investment, Oak Hill Capital (“Oak Hill”), a thematic, middle-market private equity firm, will join as an investor in the company, committing approximately $400 million.

Founded by leading data center entrepreneur Franek Sodzawiczny and KKR, GTR has grown into one of Europe’s premier developers and operators of mission-critical data center capacity. Since the launch of the platform in 2020, GTR has established a strong footprint across both primary and emerging high-growth markets, delivering innovative data centers designed to meet the requirements of hyperscale, cloud and AI-driven workloads, supported by a team drawn from some of the industry’s most experienced participants.

The new commitments from KKR and Oak Hill will support GTR’s substantial development pipeline, including additional greenfield capacity and new market entries across Europe to meet rising demand for high-performance and power-dense compute and cloud infrastructure. With a growing operating team and multiple projects already in execution, GTR is positioned to scale rapidly across Europe as demand for AI-ready data center capacity continues to accelerate.

“As rapid cloud growth continues and scaled AI demand begins to materialize, the need for high-quality, power-efficient, and scalable data center infrastructure in Europe has never been greater,” said Andrew Peisch, Partner at KKR. “GTR has established itself as one of Europe’s most capable developers of next-generation facilities, and we are thrilled to deepen our commitment to the platform while expanding our long-standing relationship with Oak Hill.”

“We are pleased to invest in GTR and collaborate with KKR to support a platform that sits at the intersection of cloud, AI, and critical infrastructure,” said Adam Hahn, Partner at Oak Hill. “GTR has built a differentiated platform with a strong management team, and we look forward to supporting the company as it continues to scale to meet the growing digital infrastructure needs across Europe.”

Franek Sodzawiczny, CEO and founder of GTR, added: “This investment marks a major inflection point for GTR. Demand from hyperscale and AI-driven customers across Europe continues to accelerate, and this capital enables us to scale our team, deepen our operating capabilities, and move faster into new markets. KKR has been an exceptional strategic partner since our inception, and their renewed commitment positions us to execute against a substantial development pipeline. We are also delighted to welcome Oak Hill, whose deep experience in digital infrastructure and telecommunications will be invaluable as we scale the platform for its next phase of growth.”

KKR is funding its investment primarily from its Global Infrastructure Strategy. The firm has committed approximately $34 billion of equity into digital infrastructure across 24 investments, alongside more than $20 billion in power and renewables. KKR’s portfolio includes five data center platforms across the U.S., APAC, and EMEA totaling more than 155 facilities and a 12-gigawatt development pipeline, twelve fiber platforms reaching nearly 30 million homes, and over 130,000 wireless infrastructure sites across Europe and APAC.

Oak Hill and its predecessors have been investing in digital infrastructure for over 30 years, with 30 investments to date. The investment in GTR marks the firm’s fourth platform investment in the data center space and draws on Oak Hill’s deep experience in scaling digital infrastructure businesses.

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 Oak Hill Capital

Oak Hill Capital is a thematic, middle-market private equity firm focused primarily on investing in resilient, defensive growth-oriented services businesses. The firm takes a systematic approach to identifying and building enduring franchises aligned with high conviction themes in (i) digital infrastructure; (ii) financial services; and (iii) essential services. Headquartered in New York City, with offices in Menlo Park and Stamford, over its ~40-year history, Oak Hill has invested in over 115 companies and has raised over $25 billion of initial capital commitments and co-investments since inception. For more information, please visit www.oakhill.com.

About Global Technical Realty

GTR is a build-to-suit European data center platform. The company’s focus is the design and construction of tailored and sustainable data centers for global hyper-scalers in key global markets. GTR’s management team comprises seasoned professionals with extensive technical real estate experience and a proven track record in the data center sector. For further information: www.globaltechnicalrealty.com.

Media Contacts

KKR

Liidia Liuksila
Media@KKR.com

Oak Hill

Trevor Gibbons / Alex Hinson
Pro-OakHillCapital@prosek.com

Global Technical Realty
Clare Shepard
Clare.Shephard@maillot-jaune.co.uk

Source: KKR

 

Download PDF

Categories: News

Tags: