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Meteomatics, a portfolio company of Alantra’s Klima fund, raises $22mn in Series C funding

Alantra

The funding will support Meteomatics’ expansion in the U.S. and the scaling of its high-resolution weather technology.

• Meteomatics delivers real-time, high-precision weather intelligence to over 600 companies, including Tesla, NASA, and Airbus, using advanced modeling and its proprietary Meteodrone.

• Alantra’s Energy Transition fund, Klima, invests in high-growth energy transition companies, reinforcing its commitment to innovative solutions in weather intelligence and climate resilience.

 

 

17 February 2025 – Switzerland-based Meteomatics, the weather intelligence and technology company that enables the world’s leading companies to accurately forecast the weather’s impact on business, has successfully raised $22mn in a Series C financing round. The round, led by Armira Growth, included participation from Alantra’s Energy Transition fund, Klima, and its U.S. strategic co-investors. With this new funding, Meteomatics plans to scale its high-resolution weather technology and accelerate its expansion into the U.S. market.

Meteomatics delivers precise, real-time weather intelligence to businesses worldwide. Trusted by over 600 companies, including Tesla, NASA, and Airbus, its data enhances energy efficiency, logistics, automation, and risk management. With cutting-edge modeling and its proprietary Meteodrone, Meteomatics provides unmatched, high-resolution weather insights. Headquartered in Switzerland, it also operates in the U.S., UK, Germany, Norway, and Spain.

Martin Fengler, founder and CEO of Meteomatics, said: “Weather-related business risks are no longer something companies need to simply consider; a company’s ability to accurately predict and prepare for weather threats can make or break their business. This is where Meteomatics comes in. We’ve spent over 10 years bringing technology to market that offers the highest precision weather forecasting that businesses can get and sets new global standards for weather data. We’ve attracted some of the world’s most innovative companies along the way, and we look forward to meeting this demand by exponentially scaling our company and technology.”

Manuel Alamillo, Partner at Klima Energy Transition Fund, added: “With rising weather volatility and the increasing frequency of extreme events, accurate, real-time, high-resolution forecasting is becoming essential for industries such as energy, logistics, transportation, government, agriculture, and insurance. Alongside Armira Growth, Klima has reinforced its commitment by doubling down on our investment, together with our U.S. strategic co-investors. We are confident in Meteomatics’ future and its continued growth as a global leader in weather intelligence.”

Alantra’s €210mn Energy Transition fund, Klima, invests in high-growth companies across key energy transition sectors, including energy storage, efficiency, smart grids, renewable gases (hydrogen, biogas), carbon capture, renewable energy, and sustainable mobility—particularly in heavy transport. Supported by Alantra and Enagás as sponsors, Klima also counts the European Investment Fund, the Canadian Pension Fund, and Axis ICO among its key investors. The fund currently holds seven investments across various countries and sectors.

 

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CeQur Closes a $120M Equity Financing to Drive Commercial Growth

cequr logoThe financing secured will drive growth and accelerate commercial expansion efforts, support the scaling of commercial teams and outreach initiatives to bring CeQur Simplicity™, its 4-day wearable insulin delivery device, to more healthcare providers and patients managing diabetes.

Horw, Switzerland, January 7, 2025 – CeQur®, a medical device company dedicated to simplifying insulin delivery for individuals on multiple daily injections, today announced the successful close of a $120 million financing round. This significant investment underscores the confidence in CeQur’s mission to simplify the lives of people managing diabetes.

The funds will support the continued commercial expansion of CeQur Simplicity, the company’s innovative 4-day wearable insulin delivery device. CeQur will continue to grow its Sales Force and expand its Clinical team to ensure that more people living with diabetes can benefit from convenient, discreet, and injection-free dosing.

“We are grateful for the support of our investors as we accelerate our mission to transform diabetes care,” said Brad Paddock, President and CEO of CeQur. “This financing will enable us to reach more patients, expand our commercial footprint, and continue innovating solutions that simplify mealtime insulin management”, said Mike Rubino, CFO of CeQur.

CeQur has seen growing adoption of its CeQur Simplicity patch, a discreet, easy-to-use bolus insulin delivery solution, with over 6,000 patients currently using the device.

CeQur continues to increase and improve pharmacy access. In addition to the more than two thirds of commercially insured patients on formulary, CeQur has reached agreements with numerous Medicare Part-D and State Medicaid programs. Overall, better than 80% of all claims are being covered as a pharmacy benefit. The average copay is less than $45/month.

Related to manufacturing, CeQur’s 40,000sq/ft automated cleanroom facility completed all of its qualifications in Q4 2024. The facility is scheduled to manufacture commercial product in 2025.

For more information about CeQur and its groundbreaking product, visit myceqursimplicity.com.

About CeQur SimplicityTM

CeQur Simplicity is a simple, 4-day wearable Insulin Delivery Device for discreet, convenient and injection-free bolus dosing. One CeQur Simplicity patch holds up to 200 units of rapid-acting insulin administered in two-unit increments and replaces, on average, twelve daily mealtime injections over four days. Clinical research has shown that nearly 90% of patients using CeQur Simplicity reported following their insulin regimen better as compared to multiple daily injections.i The Patch is clinically proven to improve glycemic control, with patients achieving significantly
improved A1C and time-in-range (TIR) goals.ii, iii

About CeQur®

CeQur is commercializing advanced, simple-to-use insulin delivery devices that make it easier for people living with diabetes to adhere to therapy and stay in control of their disease. The Company’s simple, wearable devices provide freedom from multiple daily insulin injections.

More information can be found at cequr.com.

Media Contact:
Kim Holdsworth, Chief Marketing Officer
media@cequr.com
(864) 754-0852

i. Zraick V, Dreon D, Nalk R, Shearer D, Crawford S, Bradford J, Levy B. 2016. Patient User Experience Evaluation of
Bolus Patch Insulin Delivery System. Poster presented at the American Diabetes Association’s 76th Scientific Sessions.
Abstract 995-P. New Orleans, LA, USA
ii. Bergenstal R, Peyrot M, Dreon D, Aroda V, Bailey T, Brazg R, Frias J, Johnson M, Klonoff D, Kruger D, Ramtoola S,
Rosenstock J, Serusclat P, Weinstock R, Naik R, Shearer D, Zraick V, Levy B. 2019. Implementation of Basal–Bolus
Therapy in Type 2 Diabetes: A Randomized Controlled Trial Comparing Bolus Insulin Delivery Using an Insulin Patch
with an Insulin Pen. Diabetes Technology and Therapeutics 21 (5):1-13.
iii. Bergenstal R., et al Comparing Patch vs Pen Bolus Insulin Delivery in Type 2 Diabetes

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Kurma Partners’ portfolio company Stilla Technologies to be Acquired by Bio-Rad Laboratories for $225 Million, Accelerating Growth and Innovation in Digital PCR instruments and tests

Kurma Partners

Paris, 17 February 2025 – Kurma Partners announces the acquisition of its portfolio company Stilla Technologies, a leading developer of cutting-edge digital PCR (dPCR) solutions, by Bio-Rad for $225m as well as potential future contingent milestone payments for a maximum amount of up to $50m. The transaction is expected to close by late Q3 2025.

Bio-Rad Laboratories, Inc. (NYSE: BIO and BIO.B) is a global leader in life science research and clinical diagnostics. Based in California, the company has 7,700 employees and achieved $2.6 billion in revenues in 2024. The acquisition marks a significant milestone for Stilla and reinforces its position as a pioneer in the rapidly evolving digital PCR market.

Stilla Technologies supplies digital PCR instruments and tests, innovative solutions capable of extracting precise genomic information from complex biological samples, in a wide range of pharmaceutical, clinical and research applications. The strategic partnership with Bio-Rad provides Stilla with the opportunity to accelerate its mission to bring innovative dPCR solutions to a global audience. Stilla’s flagship Nio® System, known for its ease of use and high multiplexing capabilities, has already gained recognition for its transformative impact on life sciences research, clinical diagnostics, and biopharma applications.

Stilla has its European headquarters in Paris, operates in North America via a sales subsidiary, and has strategic distribution and business partnerships in China, Japan and throughout the EMEA region.

Rémi Dangla, CEO and Co-Founder of Stilla Technologies, commented: “Joining forces with Bio-Rad is a transformative step for Stilla. With Bio-Rad’s global reach and expertise, we can scale our digital PCR innovative technologies to empower more scientists and clinicians around the world. We are deeply grateful for the support of our investors, particularly Kurma Partners, who believed in our vision and helped drive our success.”

Norman Schwartz, CEO of Bio-Rad Laboratories, commented: “Stilla’s next-generation digital PCR solutions would make a compelling and complementary addition to Bio-Rad’s best-in-class digital PCR portfolio. Once closed, the acquisition will support our strategy to further expand our business into applied research and clinical diagnostics where customers expect a higher degree of automation, and throughput capabilities.”

Kurma Partners: Driving Innovation and Recognizing Leadership

Kurma Partners, an early investor in Stilla Technologies, played a pivotal role in the company’s growth and development, structuring the company’s Series A in 2018 for €16 million. Kurma subsequently participated in Series B in 2020 (€20 million) and Series C in 2023 (€26.5 million). As a leading European venture capital firm specializing in life sciences, Kurma Partners provided critical support and strategic guidance that enabled Stilla to expand its capabilities and reach new milestones.

Philippe Peltier, Managing Partner at Kurma Partners, stated: “We are proud to have been part of Stilla Technologies’ remarkable journey. The resilience and visionary leadership of Rémi Dangla have been instrumental in driving Stilla from its inception to becoming a leading innovator with its Nio™ System. His relentless dedication and strategic foresight have been the driving forces behind the company’s success. This acquisition by Bio-Rad validates the immense potential of Stilla’s technology, team, and vision.”

Expanding the Frontiers of Digital PCR

Digital PCR has emerged as a transformative technology, offering unparalleled sensitivity and precision for applications ranging from liquid biopsy and infectious disease detection to cancer research and drug development. With the support of Bio-Rad, Stilla is poised to advance the field further and deliver more impactful solutions to its customers.

A New Chapter in Stilla’s Growth

This acquisition underscores Stilla’s commitment to innovation and customer-focused solutions. The company will continue to operate as a center of excellence within Bio-Rad, leveraging its expertise to drive further advancements in digital PCR technology.

Transaction Details

The acquisition was completed for $225 million as well as potential future contingent milestone payments for a maximum amount of up to $50m, allowing Stilla to benefit from Bio-Rad’s extensive global network, resources, and market leadership.

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CVC Credit supports Eurazeo’s and Oakley’s acquisition of I-TRACING

CVC Capital Partners

CVC Credit is pleased to announce that it has provided the debt facilities to support Eurazeo and Oakley’s acquisition of I-TRACING, a leading pure play managed security services provider (“MSSP”). CVC Credit acted as sole lender in this transaction.

Eva Boutillier, Managing Director at CVC Credit: “I-TRACING offers the most critical services within the cyber-security market, driven by fundamental and compelling long-term growth drivers. We are delighted to support I-TRACING in its next phase of growth, with significant allocated capabilities to support its ambition to build the European leader in cybersecurity services.”

Andrew Davies, Managing Partner and Co-Head of Private Credit at CVC Credit: “We are thrilled to collaborate with Eurazeo and Oakley, two prominent European investment funds with a proven track record of supporting businesses and accelerating their growth. CVC Credit leveraged its expertise in the cybersecurity sector, combined with efficient execution capabilities and tailored financing solutions, to become I-TRACING financial partner for its future growth.”

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Huda Beauty Announces Kayali’s Transition into a Standalone Fragrance Powerhouse

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Fsn Capital

KAYALI to partner with General Atlantic to support next phase of growth as leading global fragrance innovator

United Arab Emirates, February 17 2025– Huda Beauty announces that it will sell its ownership in KAYALI, the fragrance business founded by Huda and Mona Kattan in 2018, which has since become a leading disruptive brand in the fragrance category. The separation comes after years of developing the brand in Dubai, establishing it as a globally renowned Middle Eastern brand recognized for its marketing, social media strategies, and delicious gourmand fragrances.

KAYALI’s face and the driving force behind its dramatic growth, Mona Kattan, will partner with General Atlantic, a leading global growth equity firm, to jointly own KAYALI post-sale and to support the brand’s ambitious plans of bringing the love for scent layering to the world. With General Atlantic’s investment, KAYALI will now operate as an independent company, marking a significant step forward in its journey.

Founded by Huda and Mona Kattan in 2018 under the umbrella of parent company Huda Beauty, KAYALI has rapidly become a disruptive force in the fragrance industry. Under the creative vision of Mona Kattan, the brand quickly evolved into a powerhouse, gaining global recognition for its unique approach to modern perfumery.

KAYALI’s partnership with General Atlantic will provide the necessary resources and expertise to accelerate the brand’s evolution while maintaining its authenticity, creativity, and deep connection with its community. Mona Kattan will continue her role as KAYALI’s CEO, leading the brand into its next phase of growth and transformation.

Additionally, Huda Beauty will fully redeem the ownership interest that TSG Consumer has held in it since 2017. With this move, Huda Beauty is making history as one of the few established beauty brands to return to full founder ownership. This decision reflects the brand’s commitment to growth on its own terms, while continuing to learn, evolve, and inspire within the beauty industry. Huda Kattan will continue to lead Huda Beauty, independently driving the brand to new heights as a global beauty powerhouse.

“This is such a pivotal moment for KAYALI, and we are very excited for the next chapter of Mona and KAYALI’s journey,” states Huda Kattan, founder and CEO of Huda Beauty. “It’s been such an amazing experience working so closely with Mona over the years – I have loved every minute of it, and I’m also so excited to see what the future holds as KAYALI continues to grow. I’m so unbelievably proud of Mona’s success and I’ll always be cheering her on!” 

“This is an incredibly exciting moment for KAYALI,” adds Mona Kattan. “From day one, my mission has been to create a fragrance brand that inspires confidence, creativity, and self-expression. As we transition into an independent company, our partnership with General Atlantic will unlock new opportunities, expand our global presence, and continue disrupting the fragrance industry with bold innovation.”

With both brands now charting their own independent paths, this marks the beginning of an exciting new era filled with possibilities, growth, and innovation.

Melis Kahya Akar, Managing Director and Head of Consumer for EMEA at General Atlantic, commented: “Fragrance is one of the fastest growing segments in the beauty industry, and KAYALI has redefined the sector through its imagination, authenticity, and emotional connection to consumers around the world. Mona has built something truly special – a brand that resonates across generations and cultures, enabling personalization and attracting both fragrance enthusiasts and newcomers to the category alike. We see immense opportunity for KAYALI to continue its growth journey as the brand expands its global community, unveils new products, and continues to push the boundaries of scent storytelling. We couldn’t be more excited to partner with Mona and her team on this next chapter as they bring these ambitions to life.”

Goldman Sachs International served as Huda Beauty’s financial advisor, and Gibson Dunn served as its legal advisor.  Skadden, Arps, Slate, Meagher & Flom served as Mona Kattan’s legal advisor.  Raymond James served as General Atlantic’s financial advisor, and Latham & Watkins served as its legal advisor.

This transaction is subject to regulatory approval.

About Huda Kattan

Huda Kattan, recognized as one of Forbes’ Self-Made Women in the US, a TIME’s 100 Impact Awards recipient, and one of the 100 Most Powerful Businesswomen in the Middle East, is the Founder and CEO of Huda Beauty, one of the fastest-growing beauty brands in the world. As a pioneering entrepreneur, acclaimed celebrity makeup artist, and leading beauty authority, Huda has always had a lifelong passion for beauty. This motivated the launch of her beauty blog in 2010, which became a top beauty blog in the world.

In 2013, with a $6,000 loan from her sister, Alya Kattan, Huda launched a range of viral false eyelashes exclusively at Sephora in The Dubai Mall (currently the #1 Sephora globally), while launching her namesake brand, Huda Beauty.

Driven by a commitment to quality, authenticity, and innovation, Huda Beauty has evolved from an influencer brand to a beauty movement. The brand has become known for inspiring transparency within the industry and encouraging the celebration of individuality and self-expression by empowering beauty lovers worldwide.

Over the years, Huda has been on a mission to challenge industry conventions and bring the brand’s ‘Beauty is Self-Made’ vision to life. Under her leadership, the company is focusing heavily on innovation and inclusivity and has stopped the use of filters and photoshop on their social media platforms. Their focus has been towards advocating for authenticity and transparency on social media, helping to set the standard for what’s real in beauty today.

Often referred to as the internet’s “beauty big sister,” Huda’s Instagram account is the most-followed beauty brand on the platform, boasting over 54 million followers. Her YouTube channel has accumulated more than 4.1 million subscribers, while her TikTok audience has grown to 10.5 million.

Regularly using her platforms to engage and involve her community, Huda continues to create one-of-a-kind beauty tutorials, viral tips and products, new beauty trends and spotlight other content creators, giving a voice to the broader beauty community. Under her leadership, Huda Beauty has become a global powerhouse, receiving numerous accolades and awards, including the Allure Best of Beauty Award, Glamour Beauty Award, and Cosmopolitan Beauty Award – recognizing the brand’s dedication to delivering the ultimate range of innovative products.

Today, with the rebrand and bold, yet approachable new logo, Huda’s entrepreneurial journey continues to support and inspire influencers and digital entrepreneurs. Huda has recently launched Huda Hotline, her first personal project since the launch of Huda Beauty. Huda Hotline is a raw and unfiltered podcast where Huda shares real conversations about beauty, success, and self-discovery, creating a safe space to challenge beauty standards and connect with her community on a deeper level.

Throughout her journey, Huda emphasizes the power of self-trust. With a dedication to her community and a clear vision for the future, Huda Beauty is poised to redefine the beauty landscape for years to come, driven by its mission to empower individuals with the philosophy that beauty is self-made.

About Huda Beauty

Huda Beauty’s mantra is that Beauty is Self-Made. Founded by leading beauty authority Huda Kattan in 2013, the brand has evolved to become a globally renowned beauty movement that challenges conventional standards and empowers beauty lovers worldwide. Known for inspiring transparency within the industry and creating iconic, innovative and cult-favorite products, such as the ICONIC Easy Routine – Easy Primer, Easy Blur & Easy Bake Setting Powder – the brand makes beauty accessible and fun for all. Driven by their community, Huda Beauty encourages a celebration of individuality and self-expression that goes beyond just make-up. Recognized for its commitment to quality, authenticity and innovation, the brand has also received numerous accolades and has been honored with prestigious awards, including the Allure Best of Beauty Award, Elle Beauty Award, and Cosmopolitan Beauty Award.

About Mona Kattan

Mona Kattan, an Arab American entrepreneur, is recognized as one of the most influential women in the fragrance industry and the Arab world. As the founder of KAYALI fragrances and co-founder of Huda Beauty, she has achieved remarkable success, dedicated to fostering inclusivity in beauty.​

After earning her bachelor’s degree in finance, Mona briefly worked in investment banking before embarking on her entrepreneurial journey. In 2009, she launched her first business venture, a PR and business consultancy, while simultaneously building her personal network and community.​

Mona’s ultimate passion, however, has always been fragrance. Known as the “Perfume Princess,” she has established herself as a leading figure in the fragrance world. With over 4,500 perfumes in her personal collection, she has been honored with the title of “Most Influential Social Media Personality” by The Fragrance Foundation in 2018.

Driven by her love for perfume, Mona launched KAYALI under Huda Beauty in 2018, reshaping the industry landscape through the art of layering and connecting people through fragrance.

Mona’s passion has built a global community of over 6 million followers across social media. Her expertise has been featured in leading publications such as WWD, Cosmopolitan, Vogue, POPSUGAR, Allure, Marie Claire, Elle and Harper’s Bazaar. She has also been named one of the most powerful women in the Middle East by Forbes in 2024 and 2025. Additionally, Mona has appeared on popular TV shows like Netflix’s Dubai Bling and Shark Tank.​

Beyond her role as a brand founder & CEO, Mona is an active mentor, speaker, and member of organizations like YPO, Founders Forum, and The Fragrance Foundation, continually shaping the future of the beauty industry.​

About KAYALI

Fueled by passion, KAYALI was founded in 2018 by beauty mogul and fragrance fanatic, Mona Kattan. Translating to ‘my imagination’ in Arabic, KAYALI is inspired by her rich Middle Eastern heritage and the art and rituals of layering scents to help you create your mood.  KAYALI collaborates with some of the world’s most renowned perfumers and sources the finest ingredients to create unique juices that are infinitely memorable, long-lasting, and cruelty-free. Each luxurious fragrance is an ode to true craftsmanship and tells a special story from the addictive notes to the multi-faceted jeweled bottles.

About General Atlantic

General Atlantic is a leading global growth investor with more than four decades of experience providing capital and strategic support for over 520 growth companies throughout its history. Established in 1980, General Atlantic continues to be a dedicated partner to visionary founders and investors seeking to build dynamic businesses and create long-term value. Guided by the conviction that entrepreneurs can be incredible agents of transformational change, the firm combines a collaborative global approach, sector-specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with and scale innovative businesses around the world. The firm leverages its patient capital, operational expertise, and global platform to support a diversified investment platform spanning Growth Equity, Credit, Climate, and Sustainable Infrastructure strategies. General Atlantic manages approximately $100 billion in assets under management, inclusive of all strategies, as of October 1, 2024, with more than 900 professionals in 20 countries across five regions. For more information on General Atlantic, please visit: www.generalatlantic.com.

About TSG Consumer Partners

Founded in 1986, TSG Consumer Partners, LP is a leading consumer-focused private equity firm with approximately $14 billion in assets under management. Leveraging the firm’s deep knowledge of the consumer, TSG partners with founders and management teams to accelerate growth and build iconic, best-in-class brands. Representative past and current partner companies include Summer Fridays, Mavis Tire, Dutch Bros Coffee, Chemical Guys, Canyon Bicycles, Revolve, Planet Fitness, IT Cosmetics, Think!, and Yard House. TSG has investment offices in San Francisco, New York, and London.

For Press/Media Enquiries please contact:

Marie-capucine Maloy
HUDA BEAUTY Global Vice President of Communications
marie@hudabeauty.com

Kara Davis
KAYALI Vice President of Global Marketing
kara.davis@hudabeauty.com

General Atlantic
media@generalatlantic.com

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Apollo Funds Acquire Bold Production Services, a Leading Provider of Production-Linked Contracted Gas Treatment Solutions

Apollo logo

Transaction to Further Accelerate Bold’s Growth Amid Increasing Demand for U.S. Natural Gas and Required Treatment Solutions

HOUSTON and NEW YORK, Feb. 12, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE:APO), today announced that funds managed by Apollo affiliates (the “Apollo Funds”) have acquired a majority interest in Bold Production Services, LLC (“Bold” or the “Company”), a provider of production-linked, contracted natural gas treatment solutions that enable the downstream use of natural gas, while reducing excess emissions and waste through proprietary equipment design.

Founded in 2013, Bold’s fleet of 700+ owned assets, including dehydration units, H2S treating units and total flow coolers, serves a blue-chip customer base across the Permian and Eagle Ford basins. The investment from the Apollo Funds will support Bold’s continued growth as natural gas demand is expected to accelerate over the next decade, driven by secular trends associated with the industrial renaissance such as demand for power generation, LNG exports, data centers and other emerging natural gas applications. The Company will continue to be headquartered in Houston, Texas and led by Glen Wind, Chief Executive Officer, along with his team including Blake Maywald, President, Tim Burkett, Chief Financial Officer and Austin Traweek, Chief Operating Officer.

Glen Wind, CEO of Bold, commented, “We are excited to work with Apollo in our efforts to continue serving our customers seeking reliable gas treatment solutions that help improve operational efficiency. Producers value high performance, scalable treatment services, and Bold remains committed to delivering best-in-class solutions that drive safer, cleaner operations with improved production yields and lower emissions. We look forward to building on our momentum alongside Apollo in the years ahead. We would like to acknowledge and thank the OFS Energy Fund team for their involvement and support in helping us reach this point.”

Scott Browning, Partner at Apollo, said, “Bold has built a robust platform providing essential gas treatment solutions, with significant growth potential supported by strong customer relationships and attractive expansion opportunities. We are excited to partner with Glen, Blake and the rest of the Bold team in a market where we see the opportunity for significant investment given favorable secular tailwinds. Apollo brings deep expertise in the natural gas value chain and a proven track record supporting the growth of energy-related services that help to fuel the industrial renaissance.”

Over the past five years, Apollo-managed funds and affiliates have committed, deployed, or arranged approximately $58 billioni into climate and energy transition-related investments, supporting companies and projects across clean energy and infrastructure.

Vinson & Elkins LLP served as legal counsel to the Apollo Funds. Piper Sandler & Co. acted as financial advisor to Bold, and Troutman Pepper Locke, LLP served as Bold’s legal counsel. Bank OZK supported the transaction through a new credit facility.

About Bold Production Services, LLC

Bold Production Services, LLC is an oil & gas infrastructure resource company providing contract services in the treating and removal of impurities found in natural gas, oil, and water. Bold has grown its asset base to include production and treating equipment, as well as a non-triazine based H2S chemical scavenger. To learn more, please visit www.bps-llc.com.

About Apollo Global Management, Inc.

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 to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management. To learn more, please visit www.apollo.com.

Contact Information

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

___________________________

i As of December 31, 2024. The firmwide targets (the “Targets”) to deploy, commit, or arrange capital commensurate with Apollo’s proprietary Climate and Transition Investment Framework (the “CTIF”), are (1) $50 billion by 2027 and (2) more than $100 billion by 2030 The CTIF, which is subject to change at any time without notice, sets forth certain activities classified by Apollo as sustainable economic activities (“SEAs”), and the methodologies used to calculate contribution towards the Targets. Only investments determined to be currently contributing to an SEA in accordance with the CTIF are counted toward the Targets. Under the CTIF, Apollo uses different calculation methodologies for different types of investments in equity, debt and real estate. For additional details on the CTIF, please refer to our website here: https://www.apollo.com/strategies/asset-management/real-assets/sustainable-investing-platform.

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Silver Lake and GIC Complete Acquisition of Zuora

GIC

REDWOOD CITY, Calif. – February 14, 2025 – Zuora, Inc., a leading monetization platform for modern business, today announced the completion of its acquisition by Silver Lake, the global leader in technology investing, in partnership with an affiliate of GIC Pte. Ltd. (“GIC”), for $10.00 per share in cash. With the completion of the acquisition, Zuora’s Class A common stock will cease trading and the Company will no longer be listed on the New York Stock Exchange.

“Zuora’s vision sparked the shift to the Subscription Economy that led to today’s new world of recurring, usage-based and hybrid revenue models,” said Tien Tzuo, Zuora’s Founder, CEO and Chairman of the Board. “Completing this transaction with Silver Lake and GIC is an important milestone in the next phase of our journey. With the support of both partners, we will continue to provide our customers with the market-leading technology necessary to transform their financial operations and power enterprise monetization at scale.”

“We are pleased to continue our partnership with Zuora and its team of ZEOs as they enable customers globally with its leading monetization platform,” said Joe Osnoss, Managing Partner at Silver Lake and Mike Widmann, Managing Director at Silver Lake. “Zuora’s capabilities are increasingly strategic to drive growth and simplicity in a highly dynamic technology environment for both enterprises and consumers.”

“GIC is proud to partner with Zuora, a market leader and proven innovator, to meet the significant demand for its services in the Subscription Economy,” said Choo Yong Cheen, Chief Investment Officer of Private Equity at GIC and Eric Wilmes, Head of Private Equity, Americas at GIC. “Working alongside Zuora’s management team and our partners at Silver Lake, we will be able to leverage our collective resources, experience, and long-term outlook to invest in Zuora’s continued success and deliver on our shared vision for the future.”

Zuora stockholders voted to approve the transaction at the Company’s Special Meeting of Stockholders on February 13, 2025.

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Silver Lake and GIC Complete Acquisition of Zuora

Silverlake

REDWOOD CITY, Calif. – February 14, 2025 – Zuora, Inc., a leading monetization platform for modern business, today announced the completion of its acquisition by Silver Lake, the global leader in technology investing, in partnership with an affiliate of GIC Pte. Ltd. (“GIC”), for $10.00 per share in cash. With the completion of the acquisition, Zuora’s Class A common stock will cease trading and the Company will no longer be listed on the New York Stock Exchange.

“Zuora’s vision sparked the shift to the Subscription Economy that led to today’s new world of recurring, usage-based and hybrid revenue models,” said Tien Tzuo, Zuora’s Founder, CEO and Chairman of the Board. “Completing this transaction with Silver Lake and GIC is an important milestone in the next phase of our journey. With the support of both partners, we will continue to provide our customers with the market-leading technology necessary to transform their financial operations and power enterprise monetization at scale.”

“We are pleased to continue our partnership with Zuora and its team of ZEOs as they enable customers globally with its leading monetization platform,” said Joe Osnoss, Managing Partner at Silver Lake and Mike Widmann, Managing Director at Silver Lake. “Zuora’s capabilities are increasingly strategic to drive growth and simplicity in a highly dynamic technology environment for both enterprises and consumers.”

“GIC is proud to partner with Zuora, a market leader and proven innovator, to meet the significant demand for its services in the Subscription Economy,” said Choo Yong Cheen, Chief Investment Officer of Private Equity at GIC and Eric Wilmes, Head of Private Equity, Americas at GIC. “Working alongside Zuora’s management team and our partners at Silver Lake, we will be able to leverage our collective resources, experience, and long-term outlook to invest in Zuora’s continued success and deliver on our shared vision for the future.”

Zuora stockholders voted to approve the transaction at the Company’s Special Meeting of Stockholders on February 13, 2025.

 

Advisors

Qatalyst Partners served as the exclusive financial advisor to the Special Committee. Foros served as financial advisor to the Company. Goodwin Procter LLP served as legal counsel to the Special Committee and Freshfields US LLP served as legal counsel to the Company. Simpson Thacher & Bartlett LLP served as legal counsel to Silver Lake. Dechert LLP served as legal counsel to GIC. Sullivan & Cromwell LLP served as legal counsel to Mr. Tzuo.

About Zuora, Inc.

Zuora provides a leading monetization platform to build, run and grow a modern business through a dynamic mix of usage-based models, subscription bundles and everything in between. From pricing and packaging, to billing, payments and revenue recognition, Zuora’s flexible, modular software solutions are designed to help companies evolve and scale monetization with demand. More than 1,000 customers around the world, including BMC Software, Box, Caterpillar, General Motors, The New York Times, Schneider Electric and Zoom use Zuora’s unique combination of technology and expertise to transform their financial operations and how they go to market. Zuora is headquartered in Silicon Valley with offices in the Americas, EMEA and APAC. To learn more, please visit zuora.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s acquisition and the Company no longer being listed on the New York Stock Exchange. These forward-looking statements involve risks and uncertainties. All statements other than statements of historical facts contained in this communication, including statements regarding the effects of the transaction, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “will,” “continue” or the negative of these words or other similar terms or expressions that concern the Company’s expectations, strategy, plans or intentions.

Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors. Important factors that could cause actual outcomes or results to differ materially from the forward-looking statements include, but are not limited to the risk that disruptions from the transaction will harm the Company’s business, including current plans and operations; the ability of the Company to retain and hire key personnel; potential adverse reactions or changes to business relationships resulting from the completion of the transaction; legislative, regulatory and economic developments affecting the Company’s business; general economic and market developments and conditions; the legal, regulatory and tax regimes under which the Company operates; potential business uncertainty, including changes to existing business relationships; and unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as the Company’s response to any of the aforementioned factors.

For information regarding other factors that could cause the Company’s results to vary from expectations, please see the “Risk Factors” section of the Company’s periodic report filings with the SEC, including but not limited to our Form 10-Q filed with the SEC on December 9, 2024 and our Form 10-K filed with the SEC on March 26, 2024. These filings are available on the investor relations section of the Company’s website at investor.zuora.com or on the SEC’s website at www.sec.gov. The statements in this communication represent our current beliefs, estimates and assumptions as of the date of this communication. Subsequent events and developments may cause our views to change. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this communication.

About Silver Lake

Silver Lake is a global technology investment firm, with more than $103 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe and Asia. Silver Lake’s portfolio companies collectively generate nearly $248 billion of revenue annually and employ approximately 444,000 people globally.

About GIC

GIC is a leading global investment firm established in 1981 to secure Singapore’s financial future. As the manager of Singapore’s foreign reserves, GIC takes a long-term, disciplined approach to investing and is uniquely positioned across a wide range of asset classes and active strategies globally. These include equities, fixed income, real estate, private equity, venture capital, and infrastructure. Its long-term approach, multi-asset capabilities, and global connectivity enable it to be an investor of choice. GIC seeks to add meaningful value to its investments. Headquartered in Singapore, GIC has a global talent force of over 2,300 people in 11 key financial cities and has investments in over 40 countries. For more information, please visit www.gic.com.sg.

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Kestra Medical Technologies Files for IPO Amidst Revenue Growth

Kestra logoKestra Medical Technologies Ltd., a prominent name in the wearable medical devices sector, has officially filed for an initial public offering (IPO), showcasing a remarkable surge in revenue that has nearly tripled. The Bloomberg report highlights that the company is poised to offer new shares as part of this financial move, with specific terms to be detailed in upcoming communications.

For the six months concluding on October 31, Kestra reported a net loss of $40.9 million against revenues of $27.5 million, marking a substantial improvement from the previous year where the company had a net loss of $50.2 million on a revenue of $9.5 million. This financial trajectory underscores the company’s robust revenue growth, reinforcing its potential appeal to prospective investors.

Back in July, Kestra secured a significant $196 million in fundraising co-led by industry heavyweights such as Andera Partners, Ally Bridge Group, Longitude Capital, and Omega Funds. Renowned investors like Bain Capital LP and Endeavour Vision are also backing the company, with Bain Capital set to maintain a significant hold over shareholder voting power post-IPO.

The IPO comes on the heels of a favorable period for US healthcare IPOs, with seven companies amassing $1.1 billion collectively this year, according to data from Bloomberg. These stocks have shown a remarkable performance, appreciating approximately 35% on average since their initial offerings.

The impending offering is slated to be orchestrated by financial giants including Bank of America Corp., Goldman Sachs Group Inc., and Piper Sandler Cos. Kestra plans to list its shares on the Nasdaq Global Market, trading under the proposed symbol KMTS.

Moreover, insights from IndexBox emphasize a growing trend in the medical devices sector, with an increase in demand for innovative and user-friendly wearable solutions, reflecting an upward trajectory in market dynamics and potential profitability.

Source: https://www.indexbox.io/blog/kestra-medical-technologies-files-for-ipo-amidst-revenue-growth/

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KKR Raises Over $850 Million for Opportunistic Real Estate Credit Strategy

KKR

NEW YORK–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced the final close of the KKR Opportunistic Real Estate Credit Fund II (“ROX II”), a strategy dedicated to opportunistic investments in senior loans and real estate securities in the U.S. and Western Europe. Closed commitments to the comingled fund and separate accounts pursuing KKR’s Opportunistic Real Estate Credit Strategy total over $850 million.

ROX II is KKR’s flagship private fund investing across the full breadth of KKR Real Estate Credit’s opportunistic capabilities. The strategy has a flexible mandate to pursue attractive risk-adjusted returns across both loans and securities. Loan originations will focus on first mortgages secured by high-quality properties owned by institutional sponsors and located in major markets within the United States and Western Europe. KKR has established a leading franchise over the past decade as a mortgage lender of choice to top sponsors. Securities investments will leverage KKR’s position as the largest third-party purchaser of risk retention CMBS B-Pieces, as well as K-Star, KKR’s dedicated special servicer.1

“We believe it is a great time to invest real estate credit. The asset class offers attractive absolute and relative returns, underpinned by the opportunity to lend on high-quality, well-located assets at conservative leverage levels on re-set property values,” said Matt Salem, Partner and Head of Real Estate Credit at KKR. “We have designed our ROX II strategy with a flexible mandate to participate in what we view as the best risk-adjusted opportunities we see across our platform, with the objective of delivering attractive returns coupled with significant current income and a focus on downside protection.”

“Our extensive borrower relationships, built over the past decade, have enabled us to continue our disciplined deployment into an attractive market,” said Joel Traut, Partner and Head of Originations for Real Estate Credit at KKR. “We believe private capital will play an increasingly important role in the commercial real estate market as loan demand continues to climb, and this positions us very well to deliver attractive risk-adjusted opportunities for our investors.”

KKR’s global real estate business invests thematically in high-quality real estate through a full range of scaled equity and debt strategies. KKR’s more than 140 dedicated real estate investment and asset management professionals across 16 offices apply the capabilities and knowledge of KKR’s global platform to deliver outcomes for clients and investors. Since 2015, KKR’s real estate credit strategy has originated $43.4 billion of loans and invested $14 billion in commercial mortgage-backed securities (CMBS).2

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.

1 Based on the face amount retained on conduit and SASB CMBS deals from January 1, 2017 – September 30, 2024; Source: Commercial Mortgage Alert (accessed October 2024).

2 As of September 2024

Media
Miles Radcliffe-Trenner or Lauren McCranie
(212) 750-8300
media@kkr.com

Source: KKR

 

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