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Sunds Fibertech acquires LÜBKE GmbH

Priveq

Priveq’s portfolio company Sunds Fibertech has acquired LÜBKE GmbH.

The acquisition strengthens Sunds Fibertech’s environmental systems portfolio, supporting their mission to “Boost your plant” by enhancing plant operations and air quality. LÜBKE’s market-leading technology and high-quality solutions complementing existing offering and positions Sunds to meet the growing demand for emission control solutions across the panelboard and other process industries.

Please find more information about the deal on Sunds Fibertech’s website.

For further information, please contact

Karl-Johan Willén
Partner & Investment Manager
Phone: +46 8 459 67 66
Mobile: +46 70 950 88 25
Email: karljohan.willen@priveq.se

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Noordhoff and Codename Future join forces in secondary vocational education

NPM Capital

Noordhoff and Codename Future join forces in secondary vocational education

Noordhoff, part of Infinitas Learning, and Codename Future have entered into a strategic partnership to strengthen core skills education in Dutch secondary and vocational education. The partnership marks an important step towards the common goal: to prepare young people optimally for full participation in society and the labour market.

 

Noordhoff is an educational publisher and market leader in language education for secondary vocational students. The organization offers a broad and flexible range of educational resources for developing basic skills, and has played a central role in strengthening the foundation of Dutch education for decades.

 

Codename Future, founded in 1995, is a market leader in citizenship and career education in secondary vocational education. The organization is known for its innovative approach, actively involving young people in the development of teaching materials – including through initiatives such as the youth editorial team “Young Reporters“.

 

The integration of the two parties started at the beginning of this year and is being implemented in phases. Existing programmes and services will remain available, while at the same time work is underway to develop new, motivating and skills-oriented teaching programs. Relevance to and involvement of young people are central to these efforts.

 

Martijn Spekman, managing director of Codename Future, said: “In Noordhoff we have found a partner who understands our mission. Together we can increase our impact and continue to build education that is designed together with young people.” Anneke Blok, managing director of Noordhoff, added: “Codename Future’s vision and expertise fit seamlessly with our ambition. Their youth-oriented approach brings new energy and inspiration. I look forward to the innovations that will come out of this partnership.”

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Daniëlle Graat appointed director of Hot ITem Conclusion

NPM Capital

Daniëlle Graat appointed director of Hot ITem Conclusion

 

NPM participation Conclusion has appointed Daniëlle Graat as director of Hot ITem Conclusion, an operating company within the Conclusion ecosystem specialized in data-driven performance improvement. Graat, who has been involved with Conclusion since 2015, will also remain responsible for Conclusion Low Code Company, which she helped build into a successful organization with over fifty consultants specializing in Mendix.

 

With Graat’s appointment, Hot ITem Conclusion gains an experienced leader at the helm. The Amsterdam-based organization has over 200 employees and is one of the largest players in the Netherlands in the field of business intelligence, data analytics and data-driven process improvement. Within the Conclusion ecosystem, Hot ITem works closely with other labels under the banner of Conclusion Intelligence.

 

According to Graat, what makes Hot ITem unique is the integrated approach to technology, data and process improvement from a business perspective. “Real breakthroughs are rarely realized without insight in the value of data as well as people. By providing that insight, we can take meaningful steps with clients,” said Graat.

 

Geesje Boon, director of Conclusion Intelligence, calls Graat’s appointment a logical step: “Daniëlle has proven to build and lead companies with vision and energy. With her experience and people-oriented approach, she is the right person to lead Hot ITem Conclusion to further growth.”

Categories: People

BetaNXT Acquires Delta Data, Provider of Streamlined Investment Fund Solutions for Distributors, Asset Managers and Transfer Agents

Clearlake

Acquisition Strengthens BetaNXT’s Ability to Further Simplify Complex Investment Fund Operations While Increasing Transparency and Reducing Risk

New York, NY—May 23, 2025—BetaNXT, a provider of wealth management technology solutions with real-time data capabilities and an enhanced advisor experience, announced today certain affiliates of BetaNXT have acquired Delta Data, a provider of global investment fund solutions. With the acquisition, BetaNXT continues to strengthen its ecosystem of wealth management technology solutions.

Delta Data is expected to expand BetaNXT’s suite of product capabilities with: • trade management, mutual fund sub-accounting and revenue management for wealth managers; • transfer agent functionality, fee management and compliance tools for asset managers.

“We are always enthusiastic about acquiring enterprises that improve the client experience,” said Bob Santella, CEO of BetaNXT. “Delta Data’s products, and commitment to simplifying investment fund processing and oversight through innovative technology that enables data connectivity, will enhance our ability to address pain points for a broader spectrum of clients in the asset and wealth management industry.” Founded in 1985, Columbus, GA-based Delta Data specializes in providing operational software solutions tailored to three primary segments of the asset management industry—fund distributors, asset managers and transfer agents. Its technology supports and streamlines mutual fund transaction processing and related data management, driving efficiency and mitigating risk. Its existing customers include four of the top 10 U.S. banks, three of the top five U.S. retirement plan recordkeepers, and 23 of the top 25 U.S. asset managers.

Backed by Clearlake Capital Group and Motive Partners, BetaNXT brings together wealth management solutions into a single, integrated platform. Delta Data’s technology solutions will be fully integrated with BetaNXT DataXChange, which simplifies the exchange of data for wealth management firms and their partners. By streamlining all data within a flexible and connected experience, DataXChange helps optimize what that data can do for fund distributors, asset managers and transfer agents, as well as their clients and partners.

“Joining forces with BetaNXT is the next logical step in our ongoing growth and expansion,” said Cameron Routh, CEO of Delta Data. “We believe that BetaNXT’s solutions, which power the Connected Wealth experience, will take our offerings for the mutual fund and Page 1 of 4 BetaNXT Has Acquired Delta Data, Respected Provider of Streamlined Investment Fund Solutions for Distributors, Asset Managers and Transfer Agents pooled fund space to the next level, and allow the distributors, asset managers and transfer agents we work with to do more with their data than they ever imagined.” BetaNXT was advised by Sidley Austin LLP. Delta Data was advised by D.A. Davidson LP and JonesSpross LLP. About BetaNXT BetaNXT powers the future of Connected Wealth by investing in platforms, products, and partnerships to accelerate growth, with a focus on providing frictionless wealth management enterprise solutions, real-time data capabilities, and enhanced advisor experience. Through its software, data, and operations-as-a-service approach, BetaNXT empowers its clients with flexible, efficient, connected solutions that anticipate their changing needs. BetaNXT’s comprehensive model reduces enterprise cost, streamlines operations processes, increases advisor productivity, and strengthens the investor experience. Together with BetaNXT, wealth management firms are transforming their platforms into differentiating assets that enable enterprise scale and stimulate commercial growth.

For more information visit www.betanxt.com. Alexandra Shafer & Madison Vance JConnelly for BetaNXT +1 (973) 934-5100 betanxt@jconnelly.com Laura Barger Head of Marketing and Communications, BetaNXT +1 (888) 949-9957, option 3 mediarelations@betanxt.com

About Delta Data Delta Data is a trusted provider of technology solutions for the mutual fund and pooled fund industry, processing trillions of dollars in assets for top financial institutions. Its industry-vetted SaaS integrated suite is trusted by four of the top 10 U.S. banks, three of the top five U.S. retirement recordkeepers, and 23 of the top 25 U.S. asset managers. Delta Data empowers financial companies to navigate the complex regulatory landscape and mitigate risk through efficient data management and streamlined automation. Claudine Martin Head of Marketing, Delta Data Page 2 of 4 BetaNXT Has Acquired Delta Data, Respected Provider of Streamlined Investment Fund Solutions for Distributors, Asset Managers and Transfer Agents +1 (508) 341-2123 cmartin@deltadatasoft.com

About Clearlake Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused, approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational approach, O.P.S.® The firm’s core private equity target sectors are technology, industrials, and consumer. Clearlake currently has over $90 billion of assets under management and its senior investment principals have led or co-led over 400 investments, and has deployed over $57 billion in liquid and illiquid credit investments globally. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland, Luxembourg, Abu Dhabi, UAE, and Singapore. More information is available at www.clearlake.com. Jennifer Hurson Clearlake Capital Group Media Contact – Lambert +1 (845) 507-0571 jhurson@lambert.com

About Motive Motive Partners is a private investment firm exclusively focused on financial technology and technology-enabled business services companies, ranging from early-stage ventures to growth equity and buyout, primarily based in North America and Europe. The firm invests across five primary subsectors: Banking & Payments, Capital Markets, Data & Analytics, Insurance, and Wealth and Asset Management, and Motive Partners portfolio companies benefit from the firm’s fully integrated, proven Investor, Operator, Innovator (IOI) model, which brings together world-class fintech leaders and capabilities with deep industry knowledge, insight and experience. With offices in New York City, London, and Berlin, Motive Partners delivers differentiated expertise, connectivity, and capabilities to create long-term value in financial technology companies.

More information on Motive Partners can be found at www.motivepartners.com Britt Zarling Motive Partners +1 (414) 526-3107 britt.zarling@motivepartners.com Page 3 of 4 BetaNXT Has Acquired Delta Data, Respected Provider of Streamlined Investment Fund Solutions for Distributors, Asset Managers and Transfer Agents Page 4 of 4

Categories: News

Finzzle Groupe enters into exclusive negotiations with Bridgepoint

Bridgepoint

Finzzle Groupe, a leading wealth management consultancy, has announced it has entered into exclusive negotiations with Bridgepoint, one of the world’s leading quoted private asset growth investors, with the latter to acquire a majority stake in the company.

The current management team and the founder will remain core shareholders alongside Bridgepoint Development Capital V – a fund focused on supporting fast-growing businesses across Europe – ensuring the stability and continuity of the business plan.

Founded in 1992, Finzzle Groupe has established itself as a recognised specialist in wealth management in France. Today, with €2.8 billion in assets under management, the group generates an annual gross inflow of €1.585 billion, driven by its exclusive network of over 3,300 independent wealth consultants, including 750 investment advisers (CIF) and 1,600 tied agents. The company also employs 330 staff, comprising product and wealth structuring specialists, middle and back-office teams, and functional support services.

Finzzle Groupe combines two complementary elements within its business model, benefitting both customers and advisers alike:

  • An entrepreneurial network culture, offering potential recruits from all backgrounds the opportunity to become business leaders in wealth management advisory. Through a structured career path, Finzzle Groupe provides its independent consultants with certified training, practical support in the field, and an attractive and motivating remuneration package.
  • Best-in-class customer experience, with a clear ambition: to democratise access to wealth management solutions and meet the specific expectations of investors. Finzzle Groupe is committed to providing them with appropriate, personalised advice to help them build, secure and pass on their wealth.

 

A pivotal transaction for Finzzle Groupe

The partnership with Bridgepoint opens a new chapter in the history of Finzzle Groupe. It is a key strategic step in the growth of the company and its long-term future. The deal will accelerate the company’s development and market expansion, consolidate its institutional base and significantly advance its entrepreneurial project.

By capitalising on Bridgepoint’s global platform and deep sector expertise, particularly in scaling specialist advisory businesses in finance and asset management spaces, Finzzle Groupe will be able to assert its position as a benchmark company in France, explore opportunities for external growth, and expand internationally.

Bertrand Demesse, Partner at Bridgepoint, commented:

“Finzzle Groupe is a pioneering player with a unique proposition in the wealth management market. With its innovative platform, strong growth and efficient distribution model, the company is ideally placed to meet the ever-increasing expectations of all clients for wealth management advice. We are delighted to be supporting the group and its teams in their next phase of development, so that together we can build a key industry leader.”

Philippe Lauzeral, Managing Director of Finzzle Groupe, adds:

“With Bridgepoint, we share the ambition of unleashing entrepreneurial energy and making wealth accumulation more accessible and better understood by everyone. Through this merger, we are laying the foundations for a new structural stage: institutionalising Finzzle Groupe and accelerating its development through the backing of a leading player. It’s a way of anchoring our collective project to serve our consultants, our clients and all our partners in the long term, while bringing in new resources to take us even further.”

Xavier Chausson, Chairman and Founder of Finzzle Groupe adds:

“I am delighted to be joining forces with Bridgepoint, and also to be handing over the operational and managerial chairmanship of the Group to Philippe Lauzeral, who has been at my side for 18 years. As Chairman of the Supervisory Board, I will continue to be the guarantor of the business model that has made the company so successful over the past 33 years.”

The transaction is expected to be completed in Autumn 2025, subject to the usual regulatory approvals.

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KKR Leads Financing for Greenbriar’s Acquisition of West Star Aviation

KKR

NEW YORK–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced that credit funds and accounts managed by KKR served as lead investors on a debt financing for Greenbriar Equity Group’s acquisition of West Star Aviation (“West Star” or the “Company”).

Since its founding in 1947, West Star has built a reputation as a premier service provider for business aviation. The Company offers comprehensive MRO capabilities across aircraft manufactured by every major OEM and maintains the largest aircraft on ground (“AOG”) technician network nationally, ensuring prompt and reliable mobile repair services. Supported by a deeply knowledgeable and experienced management team, West Star remains focused on delivering excellent customer service and quality.

“West Star is an exceptional business with comprehensive capabilities and a strong customer value proposition that aligns with Greenbriar’s strategy of partnering with market leading aviation and aerospace businesses poised for growth,” said Noah Blitzer, a Managing Director at Greenbriar. “We are grateful for KKR’s support, which will help enable us, alongside management, to continue building on West Star’s legacy as a premier MRO provider delivering high quality service to its customers.”

“We are pleased to support Greenbriar in its acquisition of West Star Aviation, which we believe is well-positioned to expand its market reach in the resilient and growing aviation MRO space,” said Gene Kolodin, a Managing Director at KKR.

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 Greenbriar

Greenbriar is a middle market private equity firm with 20+ years of experience investing in market-leading services and manufacturing businesses. With $10+ billion of cumulative capital commitments, its investment strategy targets businesses led by experienced management teams capitalizing on strong long-term growth prospects that can benefit from Greenbriar’s deep sectoral expertise, strategic insight, and operating capabilities. For more information, please visit greenbriarequity.com.

About West Star Aviation

With more than 78 years of industry experience, West Star Aviation stands as a leading independent Maintenance, Repair, and Overhaul (MRO) provider. Employing over 3,000 professionals, West Star offers comprehensive services from our strategically located full-service facilities in East Alton, IL; Grand Junction, CO; Chattanooga, TN; Millville, NJ; Perryville, MO; and Statesville, NC, as well as multiple satellite locations. The company’s extensive capabilities encompass airframe maintenance, paint, interior, and avionics services, supported by the largest Aircraft On Ground (AOG) technician network in the country, ensuring prompt and reliable mobile repair services nationwide.

Julia Kosygina or Lauren McCranie | Media@kkr.com

Source: KKR

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EQT to acquire Seven Seas Water Group, a leading provider of sustainable water and wastewater solutions

eqt

 

SSWG Alice TX

  • Seven Seas Water Group delivers water and wastewater solutions through its Water-as-a-Service® model to communities across the U.S., Caribbean and Latin America, addressing vital segments of the water value chain that are central to resilient supply and require significant long-term investment
  • Transaction underscores EQT’s commitment to investing behind essential infrastructure, partnering with established platforms that deliver sustainable, mission-critical services aligned with global needs for resource efficiency
  • EQT aims to accelerate Seven Seas Water Group’s continued growth and support the Company’s mission to provide safe, reliable and cost-effective water and wastewater treatment solutions to the people and regions it operates in

EQT is pleased to announce that the EQT Infrastructure VI fund (“EQT”) has agreed to acquire Seven Seas Water Group (“Seven Seas” or “the Company”) from Morgan Stanley Infrastructure Partners (“MSIP”).

Headquartered in Tampa and Houston, Seven Seas builds, owns, and operates water and wastewater treatment plants across the U.S., Caribbean, and Latin America, with over 220 plants currently under management. For more than two decades, the Company has successfully implemented its Water-as-a-Service® (or “WaaS®”) integrated model, which applies trusted capabilities in design, development, finance, risk management, and operations to greenfield and brownfield development, as well as the revitalization of existing water treatment plants.

Water access and wastewater treatment are critical services, particularly in communities facing water scarcity and aging infrastructure driven by population growth, suburban expansion, and extreme weather–pressures that are accelerating the shift toward decentralized utility systems. The U.S. Environmental Protection Agency estimates that up to $75 billion of investment will be required for decentralized wastewater treatment in the U.S. to meet water quality goals through 2042[1]. 

As a well-established owner and operator of decentralized water and wastewater treatment plants, Seven Seas is purpose-built to meet this evolving need and support the communities most affected by these challenges. The Company delivers flexible, scalable solutions where legacy water and wastewater infrastructure falls short, covering all aspects of the water cycle through customized desalination, advanced water purification, wastewater treatment and reuse and recycle services.

EQT will support the Seven Seas management team in accelerating the deployment of water and wastewater treatment plants. It will leverage its in-house digital expertise to support the Company in further optimizing the platform’s operations and efficiency, while drawing on its global network and deep industry expertise to expand into new geographies.

Alex Darden, Partner and Head of EQT’s Infrastructure Advisory Team Americas, said: “EQT has followed Seven Seas and the water sector closely for many years, recognizing the strong thematic tailwinds supporting the industry. Seven Seas provides critical access to potable water in areas where a large portion of the population would otherwise not have access to clean water and wastewater infrastructure. We’re excited to join forces with the Seven Seas team to help drive more efficient water and wastewater management and fulfill their mission to expand access to clean, affordable water in the communities where it is needed the most.”

Henry Charrabé, CEO of Seven Seas Water Group, said “We are excited to build upon the success we’ve achieved over the years and look forward to further accelerating Seven Seas’ growth trajectory alongside EQT. EQT’s long-term vision and focus on sustainability align closely with our strategy, and as an investor with deep infrastructure expertise, will further support and strengthen our platform expansion through our valued Water-as-a-Service® solutions. EQT’s financial strength and familiarity with the water and wastewater treatment business will allow us to execute on our ambitious growth plans while continuing to help deliver great value to our customers and partners.”

The transaction is subject to customary conditions and approvals.

EQT was advised by Royal Bank of Canada (financial) and A&O Shearman (legal).

With this transaction, EQT Infrastructure VI is expected to be 50-55 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication).

Contact

EQT Press Office, press@eqtpartners.com

[1] U.S. Environmental Protection Agency, 2022 Clean Watersheds Needs Survey

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About EQT

EQT is a purpose-driven global investment organization with EUR 273 billion in total assets under management (EUR 142 billion in fee-generating assets under management) as of 31 March 2025, within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, X, YouTube and Instagram

About Seven Seas Water Group

Headquartered in Tampa and Houston, with operations across the U.S., Caribbean, and Latin America, Seven Seas delivers water and wastewater treatment solutions to governmental, municipal, industrial, and hospitality customers and owns more than 220 water and wastewater treatment plants. The Seven Seas Water-as-a-Service® model has been successfully deployed for over 20 years, demonstrating our leading capabilities with project execution, financing, risk management, and operations. In addition to building new plants, the company is actively acquiring existing water and wastewater treatment plant operations. Seven Seas also operates AUC Group, a leading provider of decentralized water treatment plants throughout the U.S., with over 2,000 installations since 1970.

More info: https://sevenseaswater.com/

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Ardian signs an exclusive agreement to acquire a majority stake in MasterGrid alongside the Management team

Ardian

Ardian, a world-leading private investment firm, today announces an exclusive agreement to acquire a majority stake in MasterGrid, a leading provider of maintenance services and manufacturer of equipment for critical electrical infrastructure, notably on the most technical high-voltage segment. The Company’s founders and employees will also significantly reinvest alongside Ardian, which will support the Company to accelerate its growth plans worldwide.

Headquartered in Grenoble and historically a business unit of Siemens, MasterGrid was carved out by Siemens to Andera Partners in 2019. Since then, the Group, which was focused on the manufacturing and maintenance of Merlin Gerin installed base of equipment, has successfully diversified its offering and expanded into 11 new countries both through organic and external growths (7 acquisitions realized since 2020).

Today, MasterGrid operates across three main segments: proprietary services and equipment (manufacturing, spare parts and maintenance), services on third party equipment, and engineering & solutions. The Company mainly provides its services and equipment to power generation companies, transmission & distribution system operators, and private connections for industries and infrastructures.

MasterGrid is ideally positioned in a market driven by key megatrends around the sustainable energy transition, ageing infrastructure, and growing electricity needs. These trends are expected to drive further demand from MasterGrid’s customers, enhancing the Company’s long-term growth prospects.

Ardian’s investment will support MasterGrid’s ambitious growth strategy. With its unique technical expertise and long-standing client relationships, the company plans to capitalize on the expected massive investments in the electricity infrastructures, pursue the diversification in new equipment, and further accelerate its international expansion, particularly in Europe and the Middle East.

The completion of the transaction is subject to the opinion of the Group’s employee representative bodies and the approval of the relevant regulatory authorities.

“MasterGrid’s success is a testament to the strength and vision of its management team. Since the carve-out from Siemens in 2019, they have demonstrated exceptional leadership, driving consistent growth and operational excellence. We are proud to support such a talented team and are confident in their ability to lead MasterGrid through its next chapter, as the company continues to capitalize on the opportunities presented by the energy transition.” Maxime Sequier, Managing Director Expansion, Ardian

“We are pleased to become MasterGrid’s new partner and look forward to supporting the Group’s growth journey by leveraging Ardian’s resources, experience and global network, particularly through targeted acquisitions.” Alexis Lavaillote, Managing Director Expansion, Ardian

“We are delighted to welcome Ardian as a majority shareholder to support us in the next stages of our development, both in France and internationally. Through our maintenance and retrofitting activities, we contribute to the growing need for the modernization and expansion of electrical infrastructure, as well as the transition to a decarbonized energy mix. The support of Ardian’s Expansion Team will enable us to accelerate our growth, broaden our geographic footprint, and strengthen our leadership in delivering innovative and sustainable solutions to our clients.” Ludovic Vallon, CEO and Founder, MasterGrid

“At the time of the 2019 carve-out, we shared a clear ambition with the management team: to establish a leading player in the T&D sector—independent, international, and combining customer proximity with high value-added services. This strategy has been very successfully executed, and we are proud to hand over the reins to Ardian and the management team to carry this outstanding journey forward.” Sylvain Charignon, Partner, Andera

List of participants

  • Participants

    • MasterGrid: Ludovic Vallon, Loïc Zangara, Benoît de Turckheim, Sébastien Thomasson
    • Ardian, Expansion: Maxime Sequier, Alexis Lavaillote, Steven Barrois, Hortense de Bray, Remi Guelagli
    • Andera Partners: Sylvain Charignon, Antoine Le Bourgeois, Vincent Bazzocchi, Aurelie Owona

  • Buyer advisors

    • M&A Advisors: Sycomore CF (Tristan Dupont), Natixis Partners (Olivier Dardel, Jerome Vivien), and Investec (Kilian de Gourcuff)
    • M&A Lawyers: Hogan Lovells (Stephane Huten, Arnaud Deparday)
    • Financing Lawyers: Paul Hastings (Olivier Vermeulen, Tereza Courmont)
    • Strategic Due Diligence: Kearney (Nicholas Veg, Sandra Pierrard)
    • Financial Due Diligence: Eight Advisory (Pierre-David Forterre, Alexandre Chapelle)
    • Legal, tax and social Due Diligence: KPMG Avocats (Xavier Houard, Florence Olivier, Albane Eglinger)
    • Insurance Due Diligence: Finaxy (Deborah Hauchemaille)

  • Sellers, company and management advisors

    • M&A Advisors: Amala Partners (Jean-Baptiste Marchand, Alexis Matheron)
    • Management Advisors: Duroc Partners (Alexandre Dejardin, Eleonore Gaulier), Chaouat & Associes (Stephane Chaouat, Alexandre Groult)
    • M&A Lawyers: Volt Associes (Emmanuel Vergnaud)
    • Strategic vendor Due Diligence: Lek (Serge Hovsepian, Benjamin Tuchman)
    • Financial vendor Due Diligence: Alvarez & Marsal (Benoit Bestion)
    • Vendor legal, tax and social: EY Societe d’Avocats (Sophie Allex-Lyoudi, Laure Tatin-Gignoux, Giani Michalon)

ABOUT ARDIAN

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

ardian.com

ABOUT MASTERGRID

MasterGrid, an expert in electrical systems supporting the energy transition, manufactures equipment and provides maintenance and renovation services extending the lifecycle of electrical installations. Heir to a prestigious industrial heritage, MasterGrid was created in 2019 following the acquisition of the high-voltage assets of the Merlin Gerin brand. The company has since gone from strength to strength, consolidating its activities in France, diversifying its portfolio of products and services in medium and low voltage and exporting its expertise around the world. Today, MasterGrid brings together nearly 500 employees across 13 sites in France and 11 subsidiaries abroad. In 2024, the company achieved a turnover of over €110 million, 35% of which was generated from international markets.

mastergrid.com

ABOUT ANDERA PARTNERS

Created almost 25 years ago, Andera Partners is a major player in private company investments in France and internationally. Its teams manage over €4.8 billion in investments in life sciences (Andera Life Sciences), growth and buyout capital (Andera MidCap, Andera Expansion/Croissance, Andera Co-Invest), sponsorless transactions (Andera Acto) and ecological transition (Andera Infra).
Andera Partners’ mission is to work alongside companies and their managers to support them in achieving strong and sustainable growth. The quality of performance offered to our investors relies on a strong partnership between the entrepreneurs in our portfolio companies and our teams, based on shared values. Performance through collective engagement, the “Power of And”, constitutes Andera Partners’ DNA.
Based in Paris, with offices in Antwerp, Madrid Milan and Munich, Andera Partners counts 120 professionals, of which 74 investment professionals.

anderapartners.com

Media Contacts

ARDIAN

HEADLAND

ardian@headlandconsultancy.com

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Diverso Energy forms strategic partnership with Mattamy Homes

DIF

Borefield Mock Up The Clove

CVC DIF’s Diverso Energy forms strategic partnership with Mattamy Homes to accelerate geothermal heating and cooling in Canada

  • The newly formed strategic partnership will be the exclusive ground source heating and cooling utility provider to select Mattamy residential developments in Canada.
  • Mattamy is one of North America’s largest privately owned homebuilders, with more than 2,300 residential homes under construction in Canada that will serve as seed assets to the partnership and provide a strong foundation for future growth.
  • The partnership will deliver energy-efficient, cost-effective and low-carbon heating and cooling to Canadian homeowners.

CVC DIF, the infrastructure strategy of leading global private markets manager CVC, is pleased to announce the formation of a strategic partnership between its ground source heating and cooling (“geoexchange”) platform Diverso Energy (“Diverso”), the leading geoexchange utility in North America, and Mattamy Homes (“Mattamy”), one of the largest privately owned homebuilders in North America and an industry leader in sustainable low-carbon homebuilding.

The strategic partnership will make Diverso the exclusive geothermal provider for select Mattamy residential developments across Canada, spanning a range of single- and multi-family low-rise, mid-rise, and high-rise developments. As part of the groundbreaking partnership, Mattamy will also contribute its existing portfolio of operating and under construction geoexchange systems serving more than 2,300 residential units as seed assets to the partnership. It will ensure that homeowners can benefit from reliable, cost-effective and energy efficient heating and cooling solutions for decades to come, while aligning with the parties’ industry leading commitments to sustainability and decarbonization.

Brad Carr, CEO of Mattamy Homes, shares: “We look forward to working with the team at Diverso to expand our capabilities of delivering geothermal heating and cooling to our Mattamy homeowners, with a focus on reducing carbon emissions across our communities in Canada.”

Tim Weber, CEO of Diverso, notes: “This partnership marks a significant milestone for Diverso and we are thrilled to partner with Mattamy Homes, a company that shares our commitment to sustainability and innovation. This partnership will not only enhance the value proposition for Mattamy’s homeowners but also accelerate the adoption of geoexchange technology in residential developments across Canada. We look forward to working alongside Mattamy to support decarbonization across its strong pipeline of residential developments.”

Gijs Voskuyl, Managing Partner of CVC DIF, further highlights CVC DIF’s approach to scaling its platforms: “This strategic partnership continues to build on CVC DIF’s long standing track record of active value creation in supporting its portfolio companies’ growth and innovation, alongside world-class partners like Mattamy Homes. For our investors, the partnership represents a unique opportunity to add strategic scale to Diverso and grow its asset base, while underscoring our collective commitment to sustainability. We look forward to continuing to support Diverso in this collaboration with Mattamy and believe it will set a new standard in the geoexchange industry.”

CVC DIF, through its DIF Infrastructure VII fund, acquired a majority interest in Diverso in 2023 from its founders, who have continued to lead the company. Since then, CVC DIF has supported Diverso and its leadership team in becoming the leading geoexchange utility in North America. Diverso offers its unique geoexchange heating and cooling solution through an Energy-as-a-Service model, underpinned by long-term contracts.

About CVC DIF

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

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

With over 250 people in 12 offices, CVC DIF offers a unique market approach, combining a global presence with the benefits of strong local networks and sector-focused investment capabilities.

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

Press contacts

CVC DIF

Renate Klöters

press@dif.eu

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Clearlake Capital Completes Majority Investment in ModMed to Fund Growth

Clearlake

New Investment Accelerates the Growth and Innovation of ModMed’s AI-Powered Medical Practice Technology Platform BOCA RATON, Fla. – April 30, 2025 – ModMed® (the “Company”), a leader in specialty-specific healthcare SaaS technology, today announced that Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) has completed its investment in the Company. Financial terms of the transaction were not disclosed.

“Market demand continues to accelerate for AI-enabled technology that streamlines healthcare workflows, as providers look to improve patient experiences and drive time and cost efficiencies at their practices,” said Dan Cane, Co-Chief Executive Officer and Co-Founder, and Dr. Michael Sherling, Chief Medical and Strategy Officer and Co-Founder, at ModMed. “We believe our commitment to developing innovative technology has solidified our position as a leading provider of ambulatory healthcare software, resulting in outsized demand and growth across each of our medical specialties. We are grateful for the partnership of Warburg Pincus, Pentland Capital, Summit Partners, and others over the years, and are excited for the next phase of growth with Clearlake.”

“This recognition of ModMed underscores the potential we identified and have proudly supported from its early stages,” said Barry Mosheim, Director at Pentland Capital Limited. “As the Company embarks on its next chapter of innovation and growth, we remain confident in ModMed’s ability to achieve even greater success in the years to come.” “Clearlake’s investment in ModMed is an exciting and important step in our company’s evolution,” said Joe Harpaz, Co-Chief Executive Officer at ModMed. “Throughout our conversations, Clearlake has expressed confidence in our team and strategic direction. With their experience in driving growth through innovation and expansion, we will continue our efforts to advance practice solutions and expand our ability to further transform the patient-provider experience.” Founded in 2010, ModMed develops AI-powered practice technology to support the needs of providers and their staff in multiple medical specialties. The Company’s solutions leverage structured data collection and time-saving features like adaptive learning and automation to enhance both clinical and operational efficiency. ModMed offers a comprehensive suite of solutions designed to empower both providers and patients throughout their entire healthcare journey, including electronic health records (“EHRs”), practice management, revenue cycle management, patient engagement, payment processing, and native AI integrations, all working together to enable more efficient medical practices. “We are thrilled to complete our investment in ModMed and begin our new partnership with Dan, Michael, Joe, and the ModMed team. We share a vision for ModMed’s next phase of growth, and believe our industry experience and value-add capabilities will strengthen and expand the ModMed platform,” said Behdad Eghbali, Co-Founder and Managing Partner, Prashant Mehrotra, Partner, and Paul Huber, Partner, at Clearlake. “With this investment completed, we look forward to partnering with the Company to leverage our O.P.S.® framework and accelerate the growth of ModMed’s AI-enabled software offering to deliver more value to customers, employees, and shareholders.”

Advisors Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC served as financial advisors to Clearlake. Sidley Austin LLP served as legal advisor to Clearlake. Goldman Sachs served as exclusive financial advisor, Kirkland & Ellis LLP served as legal advisor, and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as finance counsel to ModMed.

About ModMed At ModMed, we empower medical practices to grow and scale by delivering better patient experiences with cloud, data, and AI technologies. Leveraging extensive clinical data sets, we design intelligent software solutions to simplify, automate, and streamline clinical workflows and drive practice efficiency. With our specialty-specific EHRs, Practice Management, Revenue Cycle Management, and Analytics solutions, as well as products for patient engagement, payment processing, and marketing, we are trusted by over 40,000 providers to drive clinical and operational success. Learn more at modmed.com or our blog and connect via Facebook, LinkedIn, X (Twitter) and Instagram.

About Clearlake Capital Clearlake is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core private equity target sectors are technology, industrials, and consumer. Clearlake currently has over $90 billion of assets under management, its senior investment principals have led or co-led over 400 investments, and has deployed over $57 billion in liquid and illiquid credit investments globally. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland, Luxembourg, Abu Dhabi, UAE and Singapore.

Contacts:

ModMed Media Contact: press@modmed.com

Clearlake Media Contact:

Jennifer Hurson

Lambert jhurson@lambert.com

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