Category Archives: News

EQT to invest in Kelda Holdings, the parent company of Yorkshire Water

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EQT to invest in Kelda Holdings the parent company of Yorkshire Water

  • EQT has agreed to acquire a 42% shareholding in Kelda Holdings Limited, the parent company of Yorkshire Water, provider of critical water and wastewater services in the Yorkshire region of the UK
  • EQT is committed to investing further equity to support Yorkshire Water’s investment plan to deliver tangible improvements for customers and the environment  
  • This transaction underscores EQT’s commitment to investing in essential infrastructure and delivering sustainable and leading performance for mission-critical utility services over a long-term investment horizon

EQT is pleased to announce that the EQT Active Core Infrastructure strategy has agreed to acquire a 42% shareholding in Kelda Holdings Limited, the parent company of Yorkshire Water (“the Company”).  

Yorkshire Water provides essential water and wastewater services to approximately 5.5 million individual customers, serving over two million homes and 140,000 businesses. It operates nearly 700 treatment works, 120 reservoirs, and over 83,000 km of mains across the Yorkshire region.

This transaction takes place as the UK water sector enters a new phase of investment, following the latest regulatory price review. Yorkshire Water is investing significant capital to deliver sustained improvement whilst increasing accountability. EQT, alongside existing investors, will look to play a leadership role in driving progress.

Following completion of the transaction, EQT will work in partnership with its co-shareholders and the Company’s management team to deliver sustainable operational improvements for the benefit of customers and the environment.

EQT is committed to investing further equity to strengthen the Company’s balance sheet which will improve future financial resilience and support continued investment. EQT is also fully supportive of the plan to deliver the Company’s largest ever environmental investment program, with a total of £8.3 billion dedicated to improving services and upgrading infrastructure throughout the region between 2025 and 2030. This investment program will continue to drive a step change in environmental protection, infrastructure resilience and service quality for customers across the region, further supported by the hiring of over 1,000 new employees locally.

EQT’s investment thesis for this transaction is underpinned by an active ownership approach to support the Company in further enhancing environmental performance and service for customers, including advancements in digitization, whilst also fostering long-term investment and employment in the region. The transaction builds on EQT’s strong track record as a long-term partner to critical infrastructure businesses. Resource efficiency and circularity is a central investment theme for EQT’s infrastructure business, underpinned by extensive experience working with complex infrastructure builders, owners and operators, and partnering with governments and leading industrial players. EQT also brings a strong track record in the water sector and broader energy and environmental space, with its current portfolio including SAUR, a leading French drinking and wastewater management company, and Seven Seas Water Group, a multinational operator of decentralized water and wastewater treatment facilities in the USA.

Through its Private Capital and Infrastructure strategies, EQT has invested more than £10 billion of equity in UK-headquartered businesses directly, with more capital deployed through portfolio companies to date. The 13 UK-headquartered businesses, together with several major subsidiaries with a UK presence in EQT’s current portfolio, support around 36,000 high-quality jobs across the country.

Kunal Koya, Partner at EQT Infrastructure said: “Our strong track record as a long-term active owner of large infrastructure assets makes EQT a natural partner for Yorkshire Water. We believe that as a responsible private capital manager, EQT can play an important role in modernizing the UK’s water infrastructure, and the Company’s multi-year investment plan reflects that objective. Together with Yorkshire Water’s existing investors, we will support the sector’s reform agenda and deliver service improvements for customers across the region and transparency for all stakeholders.”

Vanda Murray, Chair, Yorkshire Water & Kelda Holdings said: “We are delighted that EQT has decided to invest in Yorkshire Water. That decision is a strong endorsement of the strategy we are executing, the business plan we have in place, and the quality and experience of our management team. We are making encouraging progress on “Doing Right by Yorkshire” as we continue to strengthen service, resilience and outcomes for customers and the environment, and EQT’s long-term, responsible approach to ownership is well aligned with our priorities. We look forward to working together as we build on that momentum and continue to deliver against our plans.”

Lord Stockwood, Minister for Investment, Department for Business and Trade and HM Treasury said: “I warmly welcome this commitment from a leading global infrastructure investor. EQT’s decision to invest in the UK’s regulated water sector underlines the strength of our investment environment and the trust international partners place in the UK economy. It demonstrates that the UK remains one of the world’s most attractive destinations for long‑term, sustainable investment.”

The acquisition is conditional upon approvals including anti-trust.

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of the EQT Active Core Infrastructure fund will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.

 

Contact
EQT Press Office, press@eqtpartners.com
Kekst CNC, eqtuk@kekstcnc.com

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KKR and Puma Property Finance Form Strategic Joint Venture of up to £500m to Expand UK Living Sector Lending

KKR

Joint venture will target loans of £20m to £75m to fund best-in-class projects in the residential, BTR and PBSA sectors

9 March 2026, LONDON –KKR, a leading global investment firm, and Puma Property Finance (“Puma”), a specialist UK real estate lender, today announced the formation of a joint venture between Puma and private credit funds, clients and accounts managed or advised by KKR to provide up to £500 million in senior development and stabilisation loans to fund best-in-class residential, Build-To-Rent and student accommodation schemes, providing scaled access to capital in undersupplied UK housing markets.

The joint venture combines Puma’s established origination platform and track record in UK real estate lending, with KKR’s scale, institutional structuring capabilities and global credit expertise. The platform will be supported by a senior credit facility provided by a major international bank.

The three-year forward-flow partnership will target loans of £20 million to £75 million in the UK living sector, including build-to-rent, build-to-sell and purpose-built student accommodation. The platform is designed to support experienced developers delivering high-quality projects in supply-constrained markets.

Since inception in 2012, Puma Property Finance has provided approximately £2 billion of UK real estate-backed loans and has developed longstanding relationships with sponsors across the residential and student accommodation sectors.

The newly formed strategic partnership will enable Puma to expand its capacity in the £20 million-plus loan segment, where demand for institutional capital continues to outpace supply. It also illustrates the enduring appeal of the UK living sectors, which attracted investment of £12bn throughout 20251. Demand for funding is reflective of the continued shift towards non-bank lenders in UK development finance, which together accounted for 57% of all commercial development lending last year2.

“We are pleased to work with Puma Property Finance to scale access to institutional capital in the UK residential development market,” said Anirban Ghosh, Managing Director at KKR. “We believe this platform is well positioned to support experienced developers delivering much-needed housing across the country, combining Puma’s local expertise and origination capabilities with KKR’s global credit platform and disciplined underwriting approach.”

Puma’s specialist development lending team will be responsible for sourcing, underwriting and managing the loans on behalf of the joint venture, working alongside KKR’s global credit platform, which will provide institutional capital, structuring expertise and investment committee oversight. The strategic partnership with KKR caps a stellar last 12 months for Puma, which saw it exceed £2 billion of loans provided to date, as well as announcing the first close of Puma Real Estate Secured Credit Fund.

Paul Frost, Managing Director of Puma Property Finance, commented:

“We are delighted to be working with KKR. KKR’s global standing is second to none, and their backing is a clear endorsement of the strength of the business we have built at Puma, as well as the robust demand for UK real estate credit among global allocators of capital.

“This new joint venture provides our origination teams with access to attractively priced, scalable capital to support best-in-class developers across the UK living sectors. It complements our existing capital lines well and means we can support more high ‑ quality developments with the service levels, flexibility and human touch that people have come to expect from Puma.”

Puma was advised by Ashcombe Advisers and Greenburg Traurig.

-END-

Notes to Editors:

Sources:

1 CBRE UK Living Investment Figures Q4 2025

2 LESSEL (English)

Media contact

Mark Dixon, Puma Property Finance

mark.dixon@pumacapitalgroup.co.uk | +44 (0)797 746 8870

Emma Black, KKR

kkrpr-uk@kkr.com

About Puma Property Finance

Puma Property Finance provides reliable and flexible funding solutions to experienced property professionals across the UK, delivering loans of £10 million to £100 million (with potential to lend more by exception). Puma has a strong track record in the living sectors as well as operational real estate including care homes, student accommodation and hotels.

Find out more: www.pumapropertyfinance.co.uk

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.

Disclaimer

Any reference to lending is to the loans made by the clients of Puma Property Finance Limited that conduct unregulated lending, including Heritage Square Limited, Oasis Lending LLP and PRESC LendCo I S.à.r.l. Puma Property Finance Limited supports these clients in the origination, execution, and monitoring of such loans.

Puma Property Finance Limited is a private limited company registered in England and Wales under Company number 11685426. Registered office address: Cassini House, 57 St James’s Street, London SW1A 1LD. Puma Property Finance Limited is not authorised or regulated by the Financial Conduct Authority, (“FCA”). Puma Property Finance Limited activities do not constitute regulated investment business. As such, clients of Puma Property Finance Limited will not be afforded the protections available under the rules of the FCA and will not be eligible for compensation under the rules of the Financial Services Compensation Scheme (“FSCS”).

 

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Carlyle Announces Strategic Financing for Unifi Aviation

Carlyle

NEW YORK, NY – March 9, 2026 – Global investment firm Carlyle (NASDAQ: CG) today announced a strategic financing for Unifi Aviation, a global aviation services company and the largest ground handling provider in North America.

The financing will help simplify Unifi’s ownership structure and provide growth capital as the company expands its service offerings and footprint across the aviation ecosystem.

With over 45,000 employees operating at more than 240 airports, Unifi generates more than $2 billion in revenue and serves a diversified customer base. The company delivers mission-critical ground handling, cabin cleaning, passenger services, security, and cargo solutions that enable safe and efficient operations across the aviation sector. Beyond its extensive U.S. footprint, Unifi maintains a strong presence in Canada, the UK, Ireland, and the Netherlands—and continues to expand its global operations.

“Our partnership with Carlyle marks an important milestone for Unifi. Their deep expertise in private credit and aviation services, combined with their conviction in our business model and management team, enables us to unlock new opportunities for our customers and stakeholders. Carlyle’s ability to navigate complex situations and support high-growth companies like Unifi makes them an ideal partner as we enter our next phase of expansion,” said Karan Ishwar, CEO of the Argenbright Group, majority owner of Unifi.

Frank A. Argenbright Jr., Chairman of the Argenbright Group further stated, “This strategic financing arrangement with Carlyle provides us the capital and confidence to expand our footprint and deliver even greater value to the clients we serve. Carlyle brings a sophisticated understanding of our industry, and their support reinforces the strength of our strategy and the momentum behind our business.”

“Unifi is a core part of the aviation infrastructure in North America, and we are pleased to support the business through this flexible capital solution,” said Gary Jacovino, Partner on Carlyle’s Credit Opportunities team. “Unifi’s scale, performance-driven culture, and track record of service excellence positions it well for long-term growth as a critical strategic partner to the global aviation industry.”

Carlyle’s Credit Opportunities strategy within the firm’s Global Credit platform seeks to provide highly structured and privately negotiated solutions across the capital structure to family, founder, and management-owned businesses, sponsor-backed companies, and special situations, with a focus on long-term value creation. Carlyle’s Global Credit platform has $211 billion in assets under management as of December 31, 2025.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $477 billion of assets under management as of December 31, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,500 people in 27 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

About Unifi Aviation

Unifi Aviation, LLC® is a global aviation services company and the largest ground handling provider in North America, with more than 45,000 employees servicing over four million flights annually. Operating at more than 240 airports, Unifi provides a full range of services, including ground handling, passenger transport, security, cabin cleaning, and ground support equipment maintenance. In addition to its extensive U.S. footprint, Unifi has a well-established presence in Canada, the UK, Ireland and the Netherlands, employing thousands of team members across aviation and adjacent service industries, and continues to expand its global operations. Headquartered in Atlanta, Georgia, Unifi is part of the Argenbright Group. For more information, visit unifiservice.com.

 

 

 

Media Contact

Unifi

mediarelations@unifiservice.com

 

Carlyle

Kristen Ashton
212-813-4763
kristen.ashton@carlyle.com

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Formue acquires Danish Secure Spectrum – becomes a leading independent wealth manager in Denmark

IK Partners

Oslo/Copenhagen/Stockholm – Formue, a leading Nordic independent wealth manager, has entered into an agreement to acquire Secure Spectrum, a highly regarded Danish wealth management firm. The acquisition significantly accelerates Formue’s expansion in Denmark and strengthens the company’s position as an independent alternative to traditional banks in the Nordics.

“Secure Spectrum brings an exceptional team and a client base with deep expertise. We are excited to welcome them to Formue. By uniting our Danish operations, we significantly strengthen our market position and enhance the value we can deliver to all clients in Denmark”, says Formue CEO Christian Dahl.

“This marks an exciting new chapter for Secure Spectrum’s clients. Formue brings a wealth management approach that is deeply personal and forward-thinking, crafted to serve the ambitions of today’s families and individuals and the needs of the next generation. I see a truly promising future for Formue in Denmark, and I look forward to shaping this journey together with our clients and the team,” says Morten Therkildsen, CEO of Secure Spectrum.

Following the acquisition, Formue will manage approximately NOK 250 billion in assets and serve around 7,000 clients, supported by a team of 420 employees across Denmark, Sweden, and Norway. The company sees strong growth potential in existing markets and new geographies, supported by a global shift in which wealthy individuals and families turn to independent advisors who prioritize their interests and help them navigate rising uncertainty.

“International studies indicate that the next generation of wealthy individuals wants globally diversified portfolios, access to alternative investments, and an advisor who blends personal service with a modern digital platform. These evolving expectations play directly to Formue’s strengths – giving us a powerful platform for accelerated growth”, says Christian Dahl, Group CEO of Formue.

The transaction is subject to approval by the Danish Financial Supervisory Authority.

Contact
Christian Dahl, CEO Formue Christian.dahl@formue.no, +47 92 03 57 85
Morten Therkildsen, CEO Secure Spectrum mt@securespectrum.dk, +45 40 40 44 17
Ingun Stray Schmidt, Head of PR, Formue, ingun.stray.schmidt@formue.no, +47 95 92 93 33

About Formue

Formue is a leading pioneer in wealth management across the Nordics, with 18 offices in Norway, six in Sweden, and one in Denmark. Renowned for exceptional client satisfaction and award-winning technology, Formue delivers an unparalleled breadth and depth of advisory services in the markets where it operates. Prior to the transaction, the company managed and advised on NOK 180 billion, investing across a wide range of public and private markets and asset classes. For ten consecutive years, Formue has been recognized for providing Norway’s best client experience (Kantar Sifo Prospera).

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About Secure Spectrum

Secure Spectrum is a highly respected wealth management firm serving affluent individuals and institutional clients in Denmark. With NOK 70 billion under management, 550 clients, and a team of top-tier professionals, the company is widely recognized for its expertise in alternative investments and institutional-quality solutions.

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Ratos company HL Display completes the acquisition of Deinzer Holding GmbH

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Ratos

Ratos announced December 22, 2025, that HL Display signed an agreement to acquire Deinzer

Holding GmbH a full-service provider of custom-made point-of-sale display solutions for retailers and brand suppliers.

The add-on acquisition is completed as of, March 2, after customary regulatory approval and other conditions were met. The acquisition will further strengthen HL Display’s bespoke offer as well as its position as a leading supplier of in-store merchandising and communication solutions in Europe and is the latest step in the company’s accelerated growth journey.

Having shaped visibility at the point of sales for decades, Deinzer and its team of 180 employees have built a reputation for high quality custom design and production as well as strong customer relationships.

As of March 2, Deinzer will be reported in HL Display’s financials. Deinzer had 30 MEUR turnover and an adjusted EBITA margin of 10% in 2025. Transaction costs amounting to 0.8 MEUR will impact the numbers for the first quarter 2026.

About HL Display
HL is a leader in in-store merchandising and communication solutions, helping customers to create a better shopping in-store experience for shoppers and personnel. Founded in 1954 and today present in more than 70 countries and solutions can be found in 350,000 stores. The company supports its customers to grow sales, inspire shoppers, drive efficiency, reduce waste and improve work in-store. Headquartered in Stockholm, Sweden and sales offices in 24 countries covering 40 markets as well as distribution partners covering the remaining markets globally. HL Display has 1,500 employees and net sales of SEK 3,000m (2025).

Ratos is the majority owner of HL Display.

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

Anna Vilogorac, CFO & IR
+46 70 616 50 19
anna.vilogorac@ratos.com

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

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EQT Real Estate acquires portfolio of 25 logistics properties across major U.S. distribution corridors from Mapletree

eqt

East Coast Image

  • Portfolio includes 25 infill industrial assets totaling more than 4.3 million square feet 
  • Assets span high-growth logistics hubs along I-95, I-81, I-10 and other key transport infrastructure 
  • Investment reflects EQT Real Estate’s conviction in mission-critical logistics assets and confidence in the industrial sector’s long-term demand fundamentals 

EQT Real Estate is pleased to announce that the EQT Real Estate Industrial Value Fund VI (”EQT Real Estate”) has acquired a 25-property logistics portfolio spanning 4.3 million square feet across key U.S. industrial markets including Jacksonville, Nashville, Richmond, Atlanta, New York City, New Jersey, Pennsylvania, and South Florida, from Mapletree Investments. The assets are located in dense, infill submarkets along major transport corridors such as I-95, I-81 and I-10. 

The properties feature an average clear height of 28 feet and low office finish, making them ideally suited for logistics operations. The portfolio offers a blend of single-tenant and multi-tenant layouts and includes both shallow bay and bulk warehouse formats. Most properties are within minutes of major population centers and highway interchanges, enhancing delivery efficiency. 

The acquisition underscores EQT Real Estate’s continued conviction in U.S. industrial real estate and its strategy of investing behind assets in supply-constrained locations with significant embedded upside. EQT Real Estate plans to deploy its hands-on approach to active management through targeted leasing initiatives, site improvements, and selective redevelopment as it seeks to drive long-term value across the portfolio. 

Matthew Brodnik, Chief Investment Officer at EQT Real Estate, said: “This investment reflects our high-conviction, thematic approach to investing in infill logistics across the U.S., where we see strong long-term demand for well-located industrial assets. We believe the portfolio serves as a compelling addition to our U.S. logistics platform and look forward to building on the portfolio’s strong fundamentals through our active ownership approach.” 

EQT Real Estate would like to thank John Hugenard of JLL, who advised the seller in the transaction. 

Contact
EQT Press Office, press@eqtpartners.com 

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About EQT Real Estate

EQT is a purpose-driven global investment organization with EUR 270 billion in total assets under management (EUR 141 billion in fee-generating assets under management) as of 31 December 2025, divided into two business segments: Private Capital and Real Assets. EQT supports its global portfolio companies and assets in achieving sustainable growth, operational excellence, and market leadership. Within EQT’s Real Assets segment, EQT Real Estate acquires, develops, leases, and manages logistics and residential properties in the Americas, Europe, and Asia. EQT Real Estate manages about $58 billion in GAV, owns and operates over 2,000 properties and 400 million square feet, with over 400 experienced professionals across 50 locations globally. 

More info: www.eqtgroup.com
Follow EQT Real Estate on LinkedIn 

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Carlyle agrees to acquire SUGIKO

Carlyle

Tokyo, Japan – 4 March 2026 – Global investment firm Carlyle (NASDAQ: CG) today announced that it has agreed to acquire SUGIKO Co., Ltd. (“SUGIKO”), a leading scaffolding rental operator, from ORIX Corporation. The transaction is subject to customary regulatory approvals and other closing conditions.

Founded in 1953 and headquartered in Kanagawa Prefecture, SUGIKO is a pioneer in the Japanese scaffolding industry having established the rental model in the 1970s. The business’ long-standing track record, combined with its strong commitment to safety and quality which is valued by customers, has positioned SUGIKO as one of the industry’s leading players. With a nationwide footprint, SUGIKO serves a broad range of customers primarily in the construction and plant sectors, providing scaffolding rental as well as safety-focused support services. Over the decades, the company has contributed to enhancing safety and operational efficiency at construction and infrastructure sites across Japan.

In Japan’s construction and infrastructure sectors, structural demand continues to be driven by facility repair and renewal projects, urban redevelopment, increasingly stringent safety standards, and ongoing labor shortages. In this environment, stable access to high-quality scaffolding solutions and safety-focused services plays an essential role in supporting social infrastructure. SUGIKO has built a reputation for reliability and quality through its long-standing commitment to safety and customer service, contributing to improved safety and productivity at worksites across Japan.

Carlyle will work in partnership with SUGIKO’s management team to build on the initiatives implemented under ORIX’s ownership, while further enhancing value for customers and supporting the company’s sustainable, long-term growth. Carlyle is committed to maintaining SUGIKO’s strong safety and quality focused culture and supporting its continued development as a trusted partner to its customers.

The investment in SUGIKO further strengthens Carlyle’s track record of investing in the Social Infrastructure sector in Japan. Carlyle has been actively investing in infrastructure-related businesses globally and continues to expand its presence in Japan’s social infrastructure sector. Investments in this space include Iwasaki Electric, Enewill, Kokusai Kogyo, and SENQCIA.

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About Carlyle 
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $477 billion of assets under management as of December 31, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,500 people in 27 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

 

Media Contacts

Carlyle

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

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

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Thoma Bravo to Acquire WWEX Group and Combine with Auctane to Form Global Logistics Leader

CVC Capital Partners

Thoma Bravo, the world’s largest technology-focused investment firm, today announced that it has entered into a definitive agreement to acquire WWEX Group, a leading third-party logistics (3PL) provider of parcel and freight services with brands including Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics. Following the close of the acquisition, Thoma Bravo will combine WWEX Group with its existing portfolio company Auctane, a leading global technology company empowering businesses with intelligent shipping and fulfillment solutions through trusted products such as ShipStation, Stamps.com, Metapack and Packlink.

Thoma Bravo is acquiring WWEX Group from a consortium of investors including CVC Capital Partners Fund VIII, Providence Equity Partners, Ridgemont Equity Partners and PSG. As part of this transaction, CVC Funds and other existing WWEX Group investors will roll over a portion of their equity in WWEX Group and retain a significant minority position in the combined company.

The combined company will be one of the largest and most diversified logistics and shipping technology platforms. The combination will unite leaders in shipping software and physical freight brokerage to create the most comprehensive, AI-enabled end-to-end logistics solution in the market. By integrating Auctane’s cloud-based software, global carrier connectivity and intelligent automation capabilities with WWEX Group’s extensive logistics expertise and powerful commercial engine, the combined company will seamlessly connect checkout to doorstep across parcel, LTL, truckload and global shipping. Together, it will deliver extensive scale, unified data visibility, expanded carrier access and AI-driven decision support — empowering businesses of all sizes to optimize costs, navigate margin pressures and scale efficiently across the entire logistics value chain.

Quotes

We are thrilled to continue our journey with WWEX Group as part of this new, expanded platform

Aaron DupuisManaging Partner at CVC

“This combination brings together two complementary leaders at a pivotal moment for the logistics industry,” said Brian Jaffee, a Partner at Thoma Bravo. “Auctane’s category-defining shipping software and WWEX Group’s scaled parcel and freight service offerings create an integrated solution with the data, distribution and volume necessary to help customers drive smarter decision-making and superior execution across the logistics lifecycle. Together, we believe the company is uniquely positioned to define the next generation of AI-enabled logistics.”

“Today’s announcement is a significant milestone for us,” said Tom Madine, CEO of WWEX Group. “By combining WWEX Group’s brands and our position as a leading provider of parcel and freight services with Auctane’s global ecosystem of e-commerce shipping software, we are creating a platform of tremendous potential. Our customers will benefit from deeper technology capabilities and the expanded resources of a combined company built to support their growth. We are grateful for the continued support of our investors and look forward to working with Thoma Bravo and Auctane to drive this next chapter of innovation.”

“Our mission has always been to enable our customers’ growth,” said Al Ko, CEO of Auctane. “By uniting Auctane’s intelligent shipping platform with WWEX Group’s parcel and freight service offerings and scale, we are creating the most powerful end-to-end logistics ecosystem in the market, one that will redefine what’s possible for modern shippers.”

“We are thrilled to continue our journey with WWEX Group as part of this new, expanded platform,” said Aaron Dupuis, a Managing Partner at CVC. “By uniting WWEX Group’s commercial engine with Auctane’s global software footprint, we are creating a logistics technology leader with the scale to innovate faster and serve customers more effectively than ever before.”

The transaction is expected to close in the second quarter of 2026 and is subject to customary regulatory approvals.

Kirkland & Ellis LLP is serving as legal advisor to Thoma Bravo and Auctane. J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are serving as joint lead financial advisors to WWEX Group. Goldman Sachs & Co. LLC and UBS Investment Bank are also acting as financial advisors to WWEX Group. Latham & Watkins LLP is serving as legal advisor to CVC and WWEX Group.

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CapMan Residential Fund acquires 409-unit rental residential property in Stockholm

Capman

CapMan Real Estate, through CapMan Residential Fund (“CMRF”, the “Fund”), has signed an agreement with Slättö to acquire a high-quality, 409-unit multifamily property located in Barkarby, Stockholm.

Completed in 2025, the property comprises 409 residential units across 17,668 m², complemented by commercial premises of 679 m² and an underground parking garage. The property is strategically located directly adjacent to the existing commuter rail station and the new Barkarby metro station, an extension of the Stockholm Metro Blue Line, scheduled to open in late 2027. This places the property at the center of Northern Stockholm’s main transport hub, offering excellent connectivity across the Stockholm region. Once opened, the metro extension will fully integrate Barkarby into the Stockholm subway network, further enhancing accessibility and long-term attractiveness.

The property meets high sustainability standards and holds Nordic Swan Ecolabel certification and is EU Taxonomy aligned.

“This acquisition is a key step in the continued growth of our Stockholm portfolio. We’re adding a substantial, high-quality asset in one of the region’s fastest-growing urban hubs. It also means securing a stabilised prime asset in a supply-constrained market where resilient demand supports a really strong long-term rental outlook,” says Pontus Danielsson, Investment Manager at CapMan Real Estate.

“We remain focused on high-conviction opportunities across both our value-add and core residential strategies. We’re seeing strong momentum in our deal flow and continue to deploy capital into the Nordic region’s strongest urban markets. With a solid pipeline in place, we believe the current market environment offers an attractive opportunity to further scale our presence in Sweden,” adds Marcus Lotzman, Head of Transactions, Sweden at CapMan Real Estate.

Closing of the acquisition is expected in March 2026. This marks the Residential Fund’s third investment in Sweden. Since its inception in 2021, the €1.3 billion Fund has acquired 64 properties across the Nordics with over 90% of the assets in the capital cities.

CapMan Real Estate manages approximately €5.5 billion in real estate assets, with a team of over 80 professionals based in Helsinki, Stockholm, Copenhagen, Oslo and London.

For further information, please contact:

Marcus Lotzman, Head of Transactions Sweden, +46 70 680 60 81

Pontus Danielsson, Investment Manager, +46 70 385 58 00

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.2 billion euros in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, real asset debt, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com

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Teva and Blackstone Life Sciences Announce $400 Million Strategic Growth Capital Agreement to Advance duvakitug

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Blackstone
  • Blackstone Life Sciences will provide $400 million to support development of duvakitug, a human monoclonal antibody targeting TL1A

 

  • Duvakitug is currently in phase 3 clinical studies for ulcerative colitis (UC) and Crohn’s disease (CD)

 

  • Agreement supports Teva’s Pivot to Growth strategy to accelerate its innovative pipeline and drive long-term growth

PARSIPPANY, NJ and CAMBRIDGE, MA — March 3, 2026 — Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) and funds managed by Blackstone Life Sciences (“BXLS”) today announced a $400 million strategic funding agreement spread across four years to support the continued clinical development of duvakitug. Additionally, under the terms of the agreement, BXLS will be eligible for regulatory and commercial milestones as well as royalties on duvakitug worldwide sales.

“Today’s announcement highlights how we are turning strategy into action under Pivot to Growth,” said Evan Lippman, Executive Vice President, Business Development, Teva. “By pursuing disciplined, capital-efficient partnerships, we are accelerating pipeline advancement while maintaining financial strength. This is the model we will continue using to build a more innovative, resilient, and growth-oriented Teva.”

Duvakitug is a human monoclonal antibody targeting TL1A, a promising target with the potential for broad therapeutic application across multiple indications. Under a separate and independent agreement announced in 2023, Teva is co-developing and, subject to regulatory approval, will be co-commercializing this asset with Sanofi. Duvakitug is currently in phase 3 clinical studies for the treatment of UC and CD. Both companies recently announced phase 2b duvakitug maintenance data demonstrating clinically meaningful durable efficacy in UC and CD.

“We are excited to partner with Teva and support their innovation priorities as they advance a critical new product to patients who have significant unmet need,” said Dr. Nicholas Galakatos, Global Head of BXLS. “This transaction further demonstrates our focus on partnering with leading biopharmaceutical companies to execute their growth initiatives.”

“Duvakitug has the potential to be a best-in-class therapy in a large and growing space, and the Teva and Sanofi teams are well positioned to develop and commercialize this important medicine,” said Paris Panayiotopoulos, Senior Managing Director, BXLS. “In line with our mission, we are delighted to partner with Teva on their Pivot to Growth strategy and to help bring duvakitug to patients as soon as possible.”

Transaction Terms
Under the agreement, BXLS will provide Teva $400 million to fund ongoing and future development costs for duvakitug, spread over four years. As part of the funding arrangement and subject to the approval of duvakitug by the U.S. Food and Drug Administration (FDA), Teva will pay BXLS a milestone payment. BXLS will also be eligible to receive commercial milestones and low single-digit royalties on duvakitug worldwide sales, subject to customary terms and conditions.

About IBD
IBD is an autoimmune disorder characterized by chronic inflammation of the gastrointestinal (GI) tract. Globally, approximately 4.9 million cases of IBD have been identified, with incidence rising in several regions. The two main types of IBD are UC and CD, which are characterized by repetitive cycles of relapses and remission. Common symptoms of both conditions include persistent diarrhea, rectal bleeding, abdominal pain, loss of appetite, and weight loss.

Prolonged inflammation can lead to damage within the GI tract, including fibrosis, a common complication of IBD characterized by an excessive accumulation of scar tissue in the intestinal wall, which may cause narrowing and obstruction.

Currently, there is no cure for IBD. The goal of current treatment is to induce and maintain remission and prevent flares.

About duvakitug
Duvakitug, a human monoclonal antibody targeting TL1A, is currently in phase 3 clinical studies for the treatment of UC and CD. TL1A signaling is believed to amplify inflammation and drive fibrosis associated with IBD through binding to its receptor, DR3. Duvakitug preferentially inhibits TL1A-DR3 signaling over DcR3 (decoy receptor 3) binding, with the potential to reduce inflammation and fibrosis.

The safety and efficacy of duvakitug have not been reviewed by any regulatory authority.

Under a separate and independent agreement announced in 2023, Teva is co-developing and, subject to regulatory approval, will be co-commercializing this asset with Sanofi.

About Teva
Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) is transforming into a leading innovative biopharmaceutical company, enabled by a world-class generics business. For over 120 years, Teva’s commitment to bettering health has never wavered. From innovating in the fields of neuroscience and immunology to providing complex generic medicines, biosimilars and pharmacy brands worldwide, Teva is dedicated to addressing patients’ needs, now and in the future. At Teva, We Are All In For Better Health. To learn more about how, visit www.tevapharm.com.

About Blackstone Life Sciences
Blackstone Life Sciences (BXLS) is a leading private investment platform with capabilities to invest across the life cycle of companies and products within the key life science sectors. By combining scale investments and hands-on operational leadership, BXLS helps bring to market promising new medicines and medical technologies that improve patients’ lives and currently has $15 billion in assets under management.

Teva Cautionary Note Regarding Forward-Looking Statements
This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are based on management’s current beliefs and expectations and are subject to substantial risks and uncertainties, both known and unknown, that could cause our future results, performance or achievements to differ significantly from that expressed or implied by such forward-looking statements. You can identify these forward-looking statements by the use of words such as “should,” “expect,” “anticipate,” “estimate,” “target,” “may,” “project,” “guidance,” “intend,” “plan,” “believe” and other words and terms of similar meaning and expression in connection with any discussion of future operating or financial performance. Important factors that could cause or contribute to such differences include risks relating to: our ability to execute the agreement with Blackstone Life Sciences and to successfully develop and commercialize duvakitug (anti-TL1A; TEV-’574) for the treatment of ulcerative colitis and Crohn’s disease; our ability to successfully compete in the marketplace, including our ability to develop and commercialize additional pharmaceutical products; our ability to successfully execute our Pivot to Growth strategy, including to expand our innovative and biosimilar medicines pipeline and profitably commercialize the innovative medicines and biosimilar portfolio, whether organically or through business development, and to execute on our organizational transformation and to achieve expected cost savings; and other factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2025, including in the sections captioned “Risk Factors.” Forward-looking statements speak only as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statements or other information contained herein, whether as a result of new information, future events or otherwise. You are cautioned not to put undue reliance on these forward-looking statements.

Teva Media Inquiries
TevaCommunicationsNorthAmerica@tevapharm.com

Teva Investor Relations Inquires
TevaIR@Tevapharm.com

Blackstone
David Vitek
(212) 583-5291
David.Vitek@blackstone.com

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