Category Archives: News

EQT sets target fund size for EQT XI at EUR 23 billion

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THIS IS INFORMATION THAT EQT AB (PUBL) IS OBLIGED TO MAKE PUBLIC PURSUANT TO THE EU MARKET ABUSE REGULATION. THE INFORMATION WAS SUBMITTED FOR PUBLICATION, THROUGH THE AGENCY OF THE CONTACT PERSON SET OUT BELOW AT 15:00 CEST ON 15 JUNE 2025.

EQT has today set the target size for EQT XI (or the “Fund”) at EUR 23 billion. The actual fund size is dependent on the outcome of the fundraising process and may be higher or lower than the target size; the hard cap of the fund will be set at a later date. EQT XI’s investment strategy is expected to be materially in line with the predecessor fund, EQT X.

To ensure continuity between two fund generations, EQT’s capital raisings usually follow a cycle with successor funds targeted to be in a position to commence investment activities when the predecessor fund is close to being fully invested. This means that the commitment period of the predecessor fund typically ends when approximately 80 to 90 percent of its total commitments are invested, with remaining commitments being available primarily for add-on acquisitions and strategic capital injections as well as for ongoing expenses.

Management fees for EQT XI will be charged from the earlier of (i) the date of closing of the first investment by EQT XI; or (ii) the date of termination of the commitment period of EQT X. Management fees on EQT X are thereafter based on net invested capital.

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

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 EQT XI 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 The information contained herein is not for publication or distribution to persons in the United States of America.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.

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About EQT
EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of more than three decades of developing companies across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has 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.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in more than 25 countries across Europe, Asia and the Americas and has more than 1,900 employees.

More info: www.eqtgroup.com
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Categories: News

Redwire Completes Acquisition of Edge Autonomy, Establishing Company as a Global Defense Tech Disruptor Specializing in Multi-Domain Solutions

Ae Industrial Partners

JACKSONVILLE, Fla. (June 13, 2025) – Redwire Corporation (NYSE: RDW) (“Redwire”), a global leader in aerospace and defense technology solutions, today announced it has completed its acquisition of Edge Autonomy Intermediate Holdings, LLC, together with its subsidiaries, (“Edge Autonomy”), a leading provider of field-proven uncrewed airborne system (“UAS”) technology. The strategic transaction was approved by Redwire shareholders on June 13.

Transaction Highlights

  • Transforms Redwire into a scaled and profitable space and defense tech company focused on the convergence of integrated autonomous operations for defense and national security. The combined company is uniquely positioned to deliver innovative space and airborne platforms—two of the fastest growing trends in defense technology.
  • Purpose built proven technology portfolios bridge the gap between airborne and space-based systems and enable software-defined, AI-enabled, autonomous operations across multiple domains and orbits, from the surface of the Earth to the surface of the Moon, Mars, and beyond.
  • Significantly expands Redwire’s global manufacturing and innovation presence with a highly skilled workforce of more than 1,300 employees and over 628,000 square feet of manufacturing and production capabilities across the U.S. and Europe after the combination.
  • Accelerates Redwire’s growth trajectory and strengthens its financial profile; the transaction is immediately accretive to Redwire’s revenue, Adjusted EBITDA, and Free Cash Flow
  • The addition of Edge Autonomy’s UAS technologies creates new integrated capabilities for Redwire’s customers that leverage connectivity across space and airborne operations.

“We are pleased to complete this acquisition that establishes Redwire as a global leader in the aerospace and defense sector,” said Redwire’s Chairman and CEO Peter Cannito. “Today marks the start of an exciting new chapter as a combined company. With Edge Autonomy, we are uniquely positioned to transform the future of multi-domain operations and provide decisive advantages to U.S. and allied warfighters. We look forward to leveraging our combined capabilities to enable the most critical missions as we strive to achieve air and space superiority and create significant value for Redwire’s customers and shareholders.”

As previously disclosed, for the twelve months ended December 31, 2025, Redwire, as a combined company and assuming the transaction with Edge Autonomy had been consummated on January 1, 2025, forecasted full year revenues1 of $535 million to $605 million and Adjusted EBITDA1,2 of $70 million to $105 million with positive Free Cash Flow.1,2

Advisors

J.P. Morgan Securities LLC and GH Partners LLC served as financial advisors and Holland & Knight LLP served as legal advisor to Redwire. Texas Capital Securities acted as advisor and lead arranger on the debt financing. Roth Capital Partners served as financial advisor and Richards, Layton & Finger, P.A. served as legal advisor to the special committee of the Board of Directors. Citi and William Blair served as financial advisors and Kirkland & Ellis LLP served as legal advisor to Edge Autonomy.

About Redwire

Redwire Corporation (NYSE: RDW) is an integrated aerospace and defense company focused on advanced technologies. We are building the future of aerospace infrastructure, autonomous systems and multi-domain operations leveraging digital engineering and AI automation. Redwire’s approximately 1,300 employees located throughout the United States and Europe are committed to delivering innovative space and airborne platforms transforming the future of multi-domain operations. For more information, please visit RDW.com.

Use of Projections

The financial outlook and projections, estimates and targets in this press release are forward-looking statements that are based on assumptions that are inherently subject to significant uncertainty and contingencies, many of which are beyond Redwire’s or Edge Autonomy’s control. Such calculation cannot be predicted with reasonable certainty and without unreasonable effort because of the timing, magnitude and variables associated with the completion of the proposed merger with Edge Autonomy. Additionally, any such calculation, at this time, would imply a degree of precision that could be confusing or misleading to investors. Neither Redwire nor Edge Autonomy’s independent auditors have audited, reviewed, compiled or performed any procedures with respect to the financial projections for purposes of inclusion in this press release, and, accordingly, they did not express an opinion or provide any other form of assurance with respect thereto for the purposes of this press release. While all financial projections, estimates and targets are necessarily speculative, Redwire believes that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection, estimate or target extends from the date of preparation. The assumptions and estimates underlying the projected, expected or target results for Redwire, Edge Autonomy and the combined company are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the financial projections, estimates and targets. The inclusion of financial projections, estimates and targets in this press release should not be regarded as an indication that Redwire, or its representatives, considered or consider the financial projections, estimates or targets to be a reliable prediction of future events. Further, inclusion of the prospective financial information in this press release should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved.

Forward-Looking Statements

Readers are cautioned that the statements contained in this press release regarding expectations of our performance or other matters that may affect our or the combined company’s business, results of operations, or financial condition are “forward-looking statements” as defined by the “safe harbor” provisions in the Private Securities Litigation Reform Act of 1995. Such statements are made in reliance on the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included or incorporated in this press release, including statements regarding our or the combined company’s strategy, financial projections, including the prospective financial information provided in this communication, financial position, funding for continued operations, cash reserves, liquidity, projected costs, plans, projects, awards and contracts, and objectives of management, the expected benefits from the business combinationand the expected performance of the combined company, among others, are forward-looking statements. Words such as “expect,” “anticipate,” “should,” “believe,” “target,” “continued,” “project,” “plan,” “opportunity,” “estimate,” “potential,” “predict,” “demonstrates,” “may,” “will,” “could,” “intend,” “shall,” “possible,” “forecast,” “trends,” “contemplate,” “would,” “approximately,” “likely,” “outlook,” “schedule,” “pipeline,” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are not guarantees of future performance, conditions or results. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control.

These factors and circumstances include, but are not limited to (1) risks associated with the continued economic uncertainty, including high inflation, effects of trade tariffs and other trade actions, supply chain challenges, labor shortages, increased labor costs, high interest rates, foreign currency exchange volatility, concerns of economic slowdown or recession and reduced spending or suspension of investment in new or enhanced projects; (2) the failure of financial institutions or transactional counterparties; (3) Redwire’s limited operating history and history of losses to date as well as the limited operating history of Edge Autonomy and the relatively novel nature of the drone industry; (4) the inability to successfully integrate recently completed and future acquisitions, including the business combination with Edge Autonomy, as well as the failure to realize the anticipated benefits of the transaction or to realize estimated projected combined company results; (5) the development and continued refinement of many of Redwire’s and the combined company’s proprietary technologies, products and service offerings; (6) competition with new or existing companies; (7) the possibility that Redwire’s expectations and assumptions relating to future results and projections with respect to Redwire or Edge Autonomy may prove incorrect; (8) adverse publicity stemming from any incident or perceived risk involving Redwire, Edge Autonomy, the combined company, or their competitors; (9) unsatisfactory performance of our and the combined company’s products resulting from challenges in the space environment, extreme space weather events, the environments in which drones operate, including in combat or other areas where hostilities may occur, or otherwise; (10) the emerging nature of the market for in-space infrastructure services and the market for drones and related services; (11) inability to realize benefits from new offerings or the application of our or the combined company’s technologies; (12) the inability to convert orders in backlog into revenue; (13) our and the combined company’s dependence on U.S. and foreign government contracts, which are only partially funded and subject to immediate termination, which may be affected by changes in government program requirements, spending priorities or budgetary constraints, including government shutdowns, or which may be influenced by the level of military activities and related spending, such as in or with respect to ongoing or future conflicts, including the war in Ukraine, or as a result of changes in international support for military assistance to Ukraine; (14) the fact that Redwire and the combined company are subject to stringent U.S. economic sanctions and trade control laws and regulations, as well as risks related to doing business in other countries, including those related to tariffs, trade restrictions and government actions; (15) the need for substantial additional funding to finance our and the combined company’s operations, which may not be available when needed, on acceptable terms or at all; (16) the dilution of holders of Redwire Common Stock that resulted from or will result from the issuance of additional shares of Redwire Common Stock as consideration for the acquisition of Edge Autonomy, as well as the issuance of Redwire Common Stock in any offering that may be undertaken in connection with such acquisition; (17) the fact that the issuance and sale of shares of Redwire Preferred Stock has reduced the relative voting power of holders of Redwire Common Stock and diluted the ownership of holders of our capital stock; (18) the ability to achieve the conditions to cause, or timing of, any mandatory conversion of the Redwire Preferred Stock into Redwire Common Stock; (19) the fact that AE Industrial Partners (“AE Industrial”) and  BCC Redwire Aggregator, L.P. and their affiliates have significant influence over us, which could limit your ability to influence the outcome of key transactions, as well as AE Industrial’s increased voting power resulting from its receipt of  equity consideration in Redwire’s acquisition of Edge Autonomy; (20) the fact that provisions in our Certificate of Designation with respect to our Redwire Preferred Stock may delay or prevent our acquisition by a third party, which could also reduce the market price of our capital stock; (21) the fact that our Redwire Preferred Stock has rights, preferences and privileges that are not held by, and are preferential to, the rights of holders of our other outstanding capital stock; (22) the possibility of sales of a substantial amount of Redwire Common Stock by our stockholders following consummation of the transaction, which sales could cause the price of Redwire Common Stock to fall; (23) the impact of the issuance of additional shares of Redwire Preferred Stock as paid-in-kind dividends on the price and market for Redwire Common Stock; (24) the volatility of the trading price of Redwire Common Stock; (25) risks related to short sellers of Redwire Common Stock; (26) Redwire’s or the combined company’s inability to report its financial condition or results of operations accurately or timely as a result of identified material weaknesses in internal control over financial reporting, as well as the possible need to expand or improve Edge Autonomy’s financial reporting systems and controls; (27)  the effect of any announcement of the business combination on Redwire’s or Edge Autonomy’s business relationships, operating results and business generally; (28) risks that the business combination disrupts plans and operations of Redwire or Edge Autonomy; (29) the ability of Redwire or the combined company to finance its operations in the future; (30) the impact of any increase in the combined company’s indebtedness incurred to fund working capital or other corporate needs, including the repayment of Edge Autonomy’s outstanding indebtedness and transaction expenses incurred to acquire Edge Autonomy, as well as debt covenants that may limit the combined company’s activities, flexibility or ability to take advantage of business opportunities, and the effect of debt service on the availability of cash to fund investment in the business; (31) the ability to implement business plans, forecasts and other expectations after the completion of the transaction, and identify and realize additional opportunities; (32) a significant portion of Edge Autonomy’s revenues result from sales to customers in Ukraine, which sales have been declining and may continue to decline in the event that the war and hostilities in Ukraine end, decline or change, or as a result of changes in international support for military assistance to Ukraine; and (33) other risks and uncertainties described in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and those indicated from time to time in other documents filed or to be filed with the SEC by Redwire. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. If underlying assumptions to forward-looking statements prove inaccurate, or if known or unknown risks or uncertainties materialize, actual results could vary materially from those anticipated, estimated, or projected. The forward-looking statements contained in this press release are made as of the date of this press release, and Redwire disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Persons reading this press release are cautioned not to place undue reliance on forward-looking statements.

Non-GAAP Financial Information

This press release contains financial measures that have not been prepared in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”). These financial measures include forecasted Adjusted EBITDA and Free Cash Flow for Redwire assuming completion of the acquisition of Edge Autonomy. Certain financial metrics for the Redwire and Edge Autonomy businesses by Redwire management have not been calculated pursuant to Article 11 of Regulation S-X. Such calculation cannot be predicted with reasonable certainty and without unreasonable effort because of the timing, magnitude and variables associated with the completion of the proposed merger with Edge Autonomy. Additionally, any such calculation, at this time, would imply a degree of precision that could be confusing or misleading to investors. Further, we are unable to provide reconciliations to forward-looking Adjusted EBITDA and Free Cash Flow because we are unable to provide a meaningful or accurate calculation or estimation of certain reconciling items without unreasonable effort. This is due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. Thus, we are unable to present a quantitative reconciliation of the aforementioned forward-looking non-GAAP financial measures to the most closely comparable forward-looking U.S. GAAP financial measure because such information is not available

Non-GAAP financial measures are used to supplement the financial information presented on a U.S. GAAP basis and should not be considered in isolation or as a substitute for the relevant U.S. GAAP measures and should be read in conjunction with information presented on a U.S. GAAP basis. Because not all companies use identical calculations, our presentation of Non-GAAP measures may not be comparable to other similarly titled measures of other companies. We encourage investors and stockholders to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure.

Adjusted EBITDA is defined as net income (loss) adjusted for interest expense, net, income tax expense (benefit), depreciation and amortization, impairment expense, transaction expenses, acquisition integration costs, acquisition earnout costs, purchase accounting fair value adjustment related to deferred revenue, severance costs, capital market and advisory fees, litigation-related expenses, write-off of long-lived assets, equity-based compensation, committed equity facility transaction costs, debt financing costs, gains on sale of joint ventures, and warrant liability change in fair value adjustments. Free Cash Flow is computed as net cash provided by (used in) operating activities less capital expenditures.

We use Adjusted EBITDA to evaluate our operating performance, generate future operating plans, and make strategic decisions, including those relating to operating expenses and the allocation of internal resources. We use Free Cash Flow as a useful indicator of liquidity to evaluate our period-over-period operating cash generation that will be used to service our debt, and can be used to invest in future growth through new business development activities and/or acquisitions, among other uses. Free Cash Flow does not represent the total increase or decrease in our cash balance, and it should not be inferred that the entire amount of Free Cash Flow is available for discretionary expenditures, since we have mandatory debt service requirements and other non-discretionary expenditures that are not deducted from this measure.

[1] These amounts are the sum of the standalone full year forecasts for the Redwire and Edge Autonomy businesses by Redwire management. Please refer to “Use of Projections” included in this press release for additional information.

[2] Adjusted EBITDA and Free Cash Flow are not measures of results under generally accepted accounting principles in the United States. Please refer to “Non-GAAP Financial Information” included in this press release for details regarding these Non-GAAP measures.

Media Contact:

Tere Riley
tere.riley@redwirespace.com

Investors:

investorrelations@redwirespace.com
904-425-1431

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Bure invests in Silex Microsystems – a Swedish world-leading semiconductor company

Bure
Regulatory

Bure has today entered into an agreement to acquire 17.0 percent of the shares in Silex Microsystems AB (“Silex” or the “Company”) for a total purchase price of SEK 917 million including expected transaction costs. The transaction is being carried out together with a consortium (the “Consortium”) of long-term Swedish investors led by Bure and Creades, which collectively acquires 48.2 percent of the shares in the Company. Other members of the Consortium include Grenspecialisten, 3S Invest, SEB-Stiftelsen, and TomEnterprise. Together with the Company’s founder and CEO Edvard Kälvesten and the management team, whose combined ownership amounts to 6.5 percent, the Consortium will thereby control 54.8 percent of the Company.

Silex was founded 25 years ago and is today a world-leading player in the MEMS foundry segment, i.e., the production of semiconductors with mechanically movable components. Through applications in areas such as medtech, data centers, telecommunications, and manufacturing/automation, Silex has established a broad customer base with a global presence. The company is headquartered and operates its production in Järfälla, Stockholm. Since 2015, Silex has achieved an average annual revenue growth (CAGR) of 17 percent. For the full year 2024, the Company reported revenues of SEK 1,226 million and an operating margin (EBIT) of 28 percent. The agreed transaction values Silex at SEK 5.5 billion on a debt-free basis.

The current majority owner of Silex, Sai Microelectronics Inc. (“SMEI”), is a Chinese publicly listed company on the Shenzhen Stock Exchange, which has held the majority of the shares in the Company since 2015. The background to the transaction is that a Swedish majority ownership will accelerate the Company’s growth opportunities in light of an increasingly complex geopolitical environment. The transaction is subject to regulatory approvals, which are expected to be obtained during the third quarter of 2025.

In connection with the change in ownership, it is intended that Patrik Tigerschiöld will assume the role of Chairman of the Board of the Company.

Patrik Tigerschiöld, Chairman of the Board of Bure, comments: “We are very pleased that the world-leading semiconductor company Silex is returning to Swedish majority ownership. The Company is an excellent addition to Bure’s portfolio – a leading high-tech company active in a growing niche market, with long-standing customer relationships and a proven track record of profitable growth under the leadership of strong entrepreneurs. We look forward to supporting Silex’s continued development together with the Company’s management.”

In connection with the transaction, the Consortium has engaged SEB Corporate Finance, law firm Cederquist, and EY-Parthenon as advisors on financial, legal, and tax matters.

 

Patrik Tigerschiöld, Chairman
Tfn 08-614 00 20

Henrik Blomquist, CEO
henrik.blomquist@bure.se
Telephone: +46 (0) 70 824 44 74

This information is information that Bure Equity AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-06-13 18:00 CEST.

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Bridgepoint to partner with Safe Life, a global leader in AED distribution, to drive next phase of growth

Bridgepoint

Bridgepoint, one of the world’s leading quoted private asset growth investors, today announced that it has agreed to acquire a significant controlling stake in Safe Life, the global leader in the distribution of automated external defibrillators (AEDs), in a transaction that values the company at c. €500 million.

Headquartered in Stockholm, Safe Life operates across North America and Europe and is a market leader in a highly fragmented and fast-growing sector. The company equips communities and workplaces with lifesaving AEDs supported by ongoing services, including CPR training, maintenance and replacement parts such as pads and batteries to enable a fast and effective response in an emergency.

Bridgepoint will partner with Safe Life’s founders and existing institutional investors including Byggmästaren, Bonnier Capital and Swedbank Robur, all of whom are materially reinvesting alongside Bridgepoint.

Since its founding in 2019, the company has distributed over 500,000 AEDs globally and is set to deliver over €250m of sales in 2025.

Cardiac arrest remains one of the leading causes of death globally. This partnership will support Safe Life in its mission to expand access to defibrillators and help communities respond with confidence when it matters most. With Bridgepoint’s backing, the company will continue to raise awareness about the importance of AED access, ongoing maintenance, and training. It will do so through international expansion, the growth of its aftermarket and training capabilities and continued M&A, ultimately helping to save more lives in the markets it serves.

Growing public awareness and evolving health and safety regulation are driving demand, with the core AED market growing rapidly. Crucially, growth is no longer just about the supply of devices, there is increasing focus on ensuring they remain ready to use, through proper support and upkeep.

Jimmy Eriksson and Alexander Albedj, Co-Founders of Safe Life, said:

“Our mission has always been simple: to save lives by making defibrillators and training more accessible. In Bridgepoint, we’ve found a partner who not only believes in that mission but brings the expertise and scale to help us reach more communities around the world, and to support us to grow further, faster. Every second counts in an emergency, and this partnership will help ensure that time makes a difference.”

Chris Bley, Partner and Co-Head of the Nordics at Bridgepoint, added:

“We’re thrilled to be backing Safe Life’s next chapter. This is a classic Bridgepoint investment: a founder-led, mission-driven company operating in a large and growing market. Safe Life has built a standout platform, combining leadership in AED distribution with a comprehensive offer of ongoing services and maintenance, ensuring these life-saving devices are ready when they’re needed most. We see meaningful opportunities for expansion, both organically and through continued M&A, and are excited to support the team as they take the business to the next level.”

Tomas Bergström, Safe Life Chair and Byggmästaren CEO, commented:

“It has been a privilege working with Jimmy and Alexander for the past five years. They are exceptional entrepreneurs and with Bridgepoint now on board they can accelerate further. As we remain a significant shareholder I look forward to the continued journey and will support in all the ways I can.”

Safe Life operates in one of Bridgepoint’s core focus areas: Medtech products that improve patient outcomes and offer strong growth potential across multiple markets. Bridgepoint has deep experience in this space, having backed companies such as Balt, a global specialist in neurovascular devices for stroke and aneurysm treatment; and Vivacy, a European leader in regenerative and aesthetic medicine injectables.

The partnership also builds on Bridgepoint’s strong track record of supporting Swedish-founded businesses to expand internationally. Previous investments include Diaverum, a global provider of life-sustaining dialysis care operating in 23 countries, and Vitamin Well, a health and wellness drinks company with distribution across 40 markets. Both were supported by Bridgepoint’s Stockholm team and scaled significantly under its ownership through international expansion and business development.

The transaction is subject to customary closing conditions including regulatory approval and is expected to complete in Q3 2025.

Bridgepoint was advised by Jefferies (M&A Advisor), Vinge (Legal Advisor), EY (Financial, Tax & Operational Due Diligence), Strategy& (Commercial), ERM (ESG) and Marsh (Insurance).

Safe Life was advised by Baker & McKenzie (Legal Advisor).

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Sedai Raises $20 Million for the First Self-Driving Cloud

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AVP

The platform reduces cloud costs and prevents system outages by taking action with patented AI technology.

June 12, 2025 6:00 AM Pacific Daylight Time SAN FRANCISCO, CA, June 12, 2025 — Sedai, the self-driving cloud™, today announced a $20 million Series B round, led by AVP (Atlantic Vantage Point). The new funding, which also includes investments from Norwest, Sierra Ventures, and Uncorrelated Ventures, will fuel innovation across Sedai’s patented AI platform, so engineering leaders can safely and effortlessly manage the cloud.

Worldwide, the cloud will cost more than $700 billion this year, due to the rise of generative AI models that require vast computing power. A typical company now needs a small army of engineers to manage its cloud environment: an ever-growing array of complex microservices. Sedai uses its own AI to understand each unique environment. The platform then acts to prevent availability issues and eliminate wasted resources, through a patented process that Sedai’s co-founders invented.

“Every company needs a self-driving cloud,” said Suresh Mathew, CEO & Founder of Sedai. “Modern cloud environments are too complex to manage with simple automation, meaning that AI is the only safe solution for this problem. Fortune 500 companies that use Sedai save more than $5 million a year — plus over 22,000 hours of engineering time. This isn’t a future vision. It’s mission-critical technology, already in action.” Sedai deeply integrates with all major cloud service providers, including AWS, Microsoft Azure, and Google Cloud Platform. Customers build trust with Sedai until they’re ready to let the AI platform take action across their cloud infrastructure, without human intervention. These “self-driving” actions include:

● Self-scaling: Sedai replaces the risks and inaccuracies of traditional autoscaling with Smart Scaling. Powered by a patented deep reinforcement learning system, Sedai’s Smart Scaling continuously determines the exact resources each application needs, under varying traffic conditions. It predicts demand using live traffic, historical patterns, and application behavior. Sedai then scales vertically, horizontally, or both — precisely and safely — to prevent overprovisioning and improve performance.

● Self-healing: Sedai detects critical production issues, such as degradation, failures, or outages. It then takes immediate, autonomous action to resolve them. In many cases, Sedai prevents incidents before they impact users, by spotting early signs of failure. While most tools provide alerts or suggestions, Sedai acts in real time to fix or prevent issues, avoiding disruptions.

“For our business to move fast, we need our cloud to operate at peak performance,” said Venkat Gopalan, Chief Technology Officer at Belcorp. “Sedai gives us that confidence. The AI manages and optimizes every application, every second of the day, so Belcorp’s cloud is always efficient and reliable. Sedai dramatically reduces our costs. But more importantly, it speeds up the pace that our engineering team can innovate.

” The core of Sedai’s platform is its proprietary Decision Engine, which orchestrates multiple AI agents each focused on a different goal. The agents use reinforcement learning to optimize based on cost, performance, and availability goals. Sedai also adapts to changes in a customer’s cloud environment, leveraging a combination of seasonality and causality modeling, anomaly detection, predictive analytics, and topology inference. The company holds a portfolio of U.S. patents that protect its ability to safely take action in the cloud.

“Sedai is a game-changing tool, both for our cloud strategy and for me personally,” said Matthew Duren, Vice President of Engineering at KnowBe4. “From a cost perspective, Sedai reduced our spend by up to 50% in production and by up to 87% in development, 2which meant it very quickly paid for itself. And from a personal perspective, Sedai helped me become a key strategic leader at KnowBe4. It frees up our team to focus on more valuable projects.

” Sedai will deliver a number of world-first capabilities in the months and years ahead. These innovations range from a self-driving operating system for SRE and DevOps teams, autonomous management of data platforms like Databricks and Snowflake, self-tuning for LLM-based applications, and GPU optimization for AI workloads. Across the board, Sedai will pioneer the next generation of cloud management. The Series B financing will accelerate Sedai’s already rapid growth. The company increased revenue by 7X in 2024, headlined by deals with multiple Fortune 500 firms. For Sedai’s investors, the market opportunity is clear: “As cloud adoption increases, companies are now struggling to improve the availability and performance of their infrastructure, while also reducing cost,” said Manish Agarwal, General Partner at AVP. “FinOps, as a category, has emerged to help companies get visibility into their cloud spend. However, we feel that visibility is only a small part of the solution. What enterprises really need is a way to optimize their cloud environment, in real time. Our view is that AI agents are uniquely positioned to address this need and enable autonomous cloud management. Sedai fits squarely into that thesis, and we are honored to be part of the company.

” “The rise of AI has led to both revolutionary new products and runaway cloud costs,” said Matthew Howard, General Partner at Norwest Venture Partners. “I see Sedai as a foundational tool in the enterprise stack, because it empowers engineers to build powerful AI systems, without wasting millions of dollars. There’s an enormous opportunity to make GPUs more efficient, and Sedai is in the perfect position to lead the charge. We’re thrilled to be part of its story.” “Sedai doesn’t just save money, it rewrites the physics of how engineering teams operate,” said Tim Guleri, Managing Partner at Sierra Ventures. “It’s the first AI system we’ve seen that turns cloud infrastructure into a competitive advantage, not a cost center.

” “There was a time when we had to write every line of code by hand and install servers ourselves, just like cars used to have manual transmissions,” said Salil Deshpande, General Partner at Uncorrelated Ventures. “Those days are over. Today, AI can optimize cloud resources and fix performance issues, at all hours of the day. Driving stick isn’t the best way to get around anymore, and neither is manually managing your infrastructure. Sedai has shown that the future of the cloud is self-driving.”

About Sedai Sedai is the world’s first self-driving cloud.™ Our platform uses patented AI to safely optimize your compute, storage, and data — freeing your engineers from routine work. Whatever your cloud looks like, Sedai learns how to drive it and fixes issues in seconds, before they waste money or cause outages. Today, we save millions of dollars for engineering leaders at Palo Alto Networks, Experian, and McGraw Hill. See for yourself: sedai.io

About AVP AVP is an independent global investment platform dedicated to high-growth, tech (from deep-tech to tech-enabled) companies across Europe and North America, managing more than €2.5bn of assets across four investment strategies: venture, early growth, growth and fund of funds. Our multi-stage platform combines global research with local execution to drive investment. Since its establishment in 2016, AVP has invested in more than 60 technology companies and in more than 60 funds with the Fund of Funds investment strategy. Beyond providing equity capital, our expansion team works closely with founders, providing the expertise, connections and resources needed to unlock growth opportunities, and create lasting value through meaningful collaborations. For more information, visit our new website: www.avpcap.com Press Contact Logan Goldberg Sr. Director of Brand press@sedai.ioThe platform reduces cloud costs and prevents system outages by taking action with patented AI technology.

 

 

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My Jewellery Partners with Freshstream to Drive International Expansion

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Freshstream today announces that it has agreed to enter into a strategic partnership agreement in the leading Dutch jewellery and lifestyle brand, My Jewellery, and will partner with CEO and founder Sharon Hilgers and CFO/CTO Vilmar Bliekendaal to accelerate the international growth of the business.

My Jewellery was founded by Sharon in the summer of 2011, driven by her passion for jewellery and design. Since its inception the has swiftly ascended to prominence, offering a diverse array of on-trend products becoming the largest affordable jewellery brand in the Benelux. Today the company’s omnichannel offering attracts a loyal customer base and the business employs over 800 people with over 40 stores in The Netherlands, Belgium, Germany, and France.

The investment forms part of Freshstream’s core strategy of partnering with entrepreneurs and families to fast-track growth. Following the transaction, Sharon and Vilmar will continue to lead the company. The board will be bolstered with Glen Senk as Chairman and Jenny de Vries as non-executive director. Glen was previously the CEO of global lifestyle brand URBN Outfitters and a non-executive at jewellery companies David Yurman and Kendra Scott. Jenny will become a non-executive Board member, next to her current role as CFO of Dutch home and body products company Rituals, which has >13,000 employees and over 1,300 stores in >100 countries.

In collaboration with Freshstream, My Jewellery is set to expedite its expansion into Germany, France, and emerging target markets across Europe, while reinforcing its established presence in the Benelux region.

My Jewellery will be the 9th investment in Freshstream’s first independent fund, which closed in 2023 having raised €762 million. The business joins other high growth, originally entrepreneur led businesses in the portfolio including MCR, Bella Figura Music, G2V Group, Detertech and Nafinco, which is now a minority holding following the sale of Freshstream’s majority stake to Waterland in September 2024.

“This investment represents more than financial backing; it’s a validation of our vision and recognition of the entire My Jewellery team who made this journey possible.”

Paul Tutein Nolthenius, Director at Freshstream, said:

“My Jewellery is a standout brand with exceptional potential, led by Sharon and Vilmar’s entrepreneurial vision and drive. We are hugely impressed by their energy and the remarkable growth they’ve already achieved. Their exciting expansion plans align perfectly with our investment strategy, and we’re thrilled to partner with them to accelerate this next phase of growth.”

Sharon Hilgers, CEO of My Jewellery, commented:

“I’m incredibly proud of what we’ve built from the ground up—transforming our passion for jewellery into a brand that truly connects with its customers and builds a highly engaged community who embrace the celebration of life. This investment represents more than financial backing; it’s a validation of our vision and recognition of the entire My Jewellery team who made this journey possible. I’m excited to partner with Freshstream as we accelerate our expansion into new markets and enter this exciting next chapter of growth.”

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Rabo Investments invests in community platform Area of People

Rabo Investments

Utrecht, June 12, 2025 — Rabo Investments has acquired a strategic minority stake in Area of People, a Dutch scale-up in the real estate market.

Area of People offers an AI-driven community platform that enables real estate developers, investors, and housing associations to actively collaborate and contribute to social cohesion. The platform measures social impact in real time and automatically generates targeted advice to enhance residential well-being. This leads to more connected living and working environments that are not only more livable but also offer sustainable long-term value. The investment from Rabo Investments will be used for product development and the commercial rollout of the platform. In addition to this investment, Rabobank will support the further development of market standards for ESG reporting and loans that promote social impact.

The Dutch housing market faces major challenges. Affordability, sustainability, and community resilience require innovative solutions. As a result, real estate players are shifting from individual, labor-intensive services to smart, scalable collaboration with and for communities. A digital platform like Area of People plays a key role in this transition.

Joan Ronner, co-founder and CEO of Area of People, said: “This partnership is an important milestone for us. Rabo Investments shares our vision that social sustainability must be an integral part of real estate development, and will therefore collaborate with us in further product development. Thanks to their support, we can increase our impact and contribute to a future where every neighborhood is a community.”

“With this investment, we underline our thematic and cooperative approach, where we aim to create both financial and strategic value for the bank and our clients,” said Martijn Scholtes, Head of Corporate Venturing at Rabo Investments. “Area of People offers a scalable and data-driven solution that perfectly aligns with our vision of a future-proof housing market in which social sustainability and financial well-being play a central role.”

Area of People was founded in 2018 and now serves over 70 clients at more than 270 locations across the Netherlands. In 2021, Lenos Equity also acquired a minority stake.

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Carlyle and Citi to Collaborate on Asset-Backed Finance Opportunities in Fintech Specialty Lending

Carlyle

NEW YORK, NY – June 12, 2025 – Global investment firm Carlyle (NASDAQ: CG) and Citi today announced they will collaborate on asset-backed financing opportunities in the rapidly evolving fintech specialty lending space.

Carlyle and Citi have formalized a framework to exchange market intelligence and explore co-investment and financing opportunities. Their mutual strength as global leaders in asset-backed finance will be enhanced by the investment expertise and network of Citi’s Spread Products Investment in Technologies (SPRINT) team – a prominent venture equity investor in fintech specialty lenders.

“Our collaboration with Citi brings together two best-in-class platforms to unlock growth in one of the most dynamic areas of private credit,” said Akhil Bansal, Head of Asset-Backed Finance at Carlyle. “Demand for scalable and tailored asset-backed financing solutions from fintech lenders has increased as they mature and seek efficient ways to fund their growth. By combining our deep credit and structuring expertise with Citi’s leading presence in the fintech investment landscape, we’re well-positioned to capture emerging opportunities and support the next generation of financial technology leaders.”

“The strategic connectivity of our SPRINT team to our asset-backed finance business enables us to seamlessly share expertise and fulfil the financing needs of tomorrow’s fintech leaders across the entire capital structure,” said Lee Smallwood, Head of Markets Innovation & Investments.

“This collaboration leverages the best of both our firms. Through the scale of our franchise, we are uniquely positioned to unlock opportunities by bringing the dynamism of innovative tech platforms to an established global leader such as Carlyle,” said Rajiv Amlani, Head of Private Markets Coverage at Citi.

Carlyle Asset-Backed Finance (“Carlyle ABF”) is a group within Carlyle’s Global Credit platform focused on private fixed income and asset-backed investments. The highly experienced team leverages the knowledge, sourcing, structuring, and breadth of the entire Carlyle investment platform to deliver tailored asset-focused financing solutions to businesses, specialty finance companies, banks, asset managers, and other originators and owners of diversified pools of assets. Carlyle ABF has deployed approximately $8 billion since 2021 and has approximately $9 billion in assets under management as of March 31, 2025.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across its business and conducts its operations through three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $453 billion of assets under management as of March 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 2,300 people in 29 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

Media Contacts

 

Carlyle

Kristen Ashton

(212) 813-4763

Kristen.ashton@carlyle.com

 

Citi

Rekha Jogia-Soni

(212) 793-0710

Rekha.JogiaSoni@citi.com

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CapMan Real Estate signs major office lease agreement in Oslo

Capman

CapMan Nordic Real Estate III fund has signed a landmark 17,600 sqm lease agreement with a 15-year maturity with Visma, securing the entire office premises at Sørkedalsveien 6 in Oslo. The asset will undergo a full-scale renovation with a strong focus on sustainability, with completion expected in late 2027.

CapMan acquired the 18-storey landmark office building, originally built in 2001, in late 2022, anticipating the departure of the previous tenant. Over the past 18 months, the project has undergone a comprehensive design phase to reposition the iconic building as a high-quality, full-service, and sustainable* office destination. Once completed, the property will serve as Visma’s new global headquarters.

Visma is a leading provider of mission-critical business software, including solutions for accounting, payroll, invoicing and tax. As of 2024, Visma reported revenues of €2.8 billion with over 16,000 employees globally.

The renovation work will be guided by an ambitious sustainability strategy, aiming to transform the property into a benchmark for sustainable* office refurbishments. Key upgrades include the expansion of the ground floor to create a more welcoming and accessible environment for tenants and visitors, a new facade, upgraded technical systems, and unique tenant spaces. The building’s energy classification will be significantly improved—from EPC E to EPC A—and the project is targeting a BREEAM-NOR Excellent certification. Construction is already underway, with Insenti serving as the project management advisor.

“We are truly honoured to partner with Visma on this landmark project. Securing the lease agreement ahead of construction start for the entire building marks a significant milestone. It reflects both the strength of our project vision and the enduring appeal of Majorstuen as a premier office location,” says Andreas Wang, Investment Director at CapMan Real Estate.

“This lease agreement is a testament to the flight to quality and the continued demand for sustainable, modern office space in prime locations,” said Magnus Berglund, Head of Sweden & Norway at CapMan Real Estate.

*The project aligns with the EU Taxonomy’s technical screening criteria for substantial contribution to climate change mitigation through the renovation of existing buildings (7.2). Upon completion, it will also meet the criteria for substantial contribution to climate change mitigation through the acquisition and ownership of buildings (7.7).

For more information, please contact:

Magnus Berglund, Head of Sweden and Norway, CapMan Real Estate, magnus.berglund@capman.com

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €6.4 billion 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, 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 and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

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Almaviva Signs Agreement to Acquire TIVIT from the Apax Funds to Accelerate Its Digital Expansion in Latin America

Apax
  • The transaction between Almaviva and the Apax Funds will unite two technology leaders in the digital transformation of major companies in Brazil and worldwide.

Almaviva, a leading Italian provider of digital solutions and technological transformation, has taken another bold step in its global trajectory by entering into a definitive agreement to acquire TIVIT, one of Brazil’s largest technology companies with a strong presence across Latin America, from funds advised by Apax Partners LLP (“Apax”).

This union, will create a powerhouse with the ability to accelerate innovation, expand the reach of digital solutions, and drive the growth of companies across multiple sectors in one of the world’s most promising regions. Together, Almaviva and TIVIT will combine complementary technologies and offerings to continue supporting the success of their clients.

TIVIT was acquired by the Apax Funds in 2010. Since then, with the strategy of expanding its presence in new markets, the company carried out several acquisitions, including Synapsis, a leading IT services firm in Latin America, and XMS, a cloud implementation specialist across Latin America. In 2016 and 2022, as part of its strategy to focus on digital solutions, TIVIT spun out two businesses units, Neobpo and Takoda. Following this repositioning, the company strengthened its board and attracted strategic talent in the areas of digital transformation, cybersecurity, cloud solutions, and SAP.

“TIVIT has a solid track record and serves the largest companies in the country. It is recognized for its technical expertise and deep knowledge of local markets. By integrating TIVIT into our ecosystem, we take a significant step forward in consolidating Almaviva as a global leader in digital transformation, with revenue exceeding 12 billion reais.” said Marco Tripi, shareholder and CEO of Almaviva.

Operating in 10 Latin American countries, TIVIT is distinguished by its robust portfolio of cloud solutions, cybersecurity management, digital platforms, and managed services. With Almaviva’s strategic support, the company is now poised to further scale its operations and expand the global impact of its solutions.

“We are entering a new chapter. Almaviva’s arrival opens the door to even greater opportunities for growth and innovation. We are truly excited about what we will build together.” said Paulo Freitas, CEO of TIVIT.

Sectors such as financial services, transportation, manufacturing, utilities, healthcare, and government will directly benefit from the complementarity of the two companies’ portfolios and their new joint delivery capabilities — combining local and international expertise with global scale.

“We are very proud to have been part of TIVIT’s journey, supporting its mission to empower the largest companies in Latin America through technology. Over this period, the Apax Funds have been an active and strategic owner, partnering with management in the spin-off of divisions and in the acquisitions of key businesses to drive growth. It has been a privilege to work with Luiz Mattar, the founder of TIVIT, Paulo Freitas and other members of the leadership team to help TIVIT scale and evolve in this dynamic sector. We expect this new chapter with Almaviva will create a range of opportunities for continued growth.” said Jason Wright, Partner at Apax.

The transaction is subject to regulatory approval. Once completed, it will mark the beginning of a new phase of joint growth between Almaviva and TIVIT, bringing direct benefits to their clients, partners, and teams.

J.P. Morgan acted as the financial advisor to Apax, and Mattos Filho and Skadden acted as legal advisors to Apax and TIVIT in the transaction. Benetti & Giammarino Advogados and L.O. Baptista Advogados acted as the legal advisors to Almaviva.

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