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Platinum Equity to Acquire Solo, European Provider of Personalizable Products and Apparel

Platinum

LOS ANGELES (June 24, 2025) – Platinum Equity announced today it has entered into exclusive negotiations to acquire Solo Group (“Solo”), a European market leader in business-to-business personalizable products, from company founder Alain Milgrom and management.

Financial terms were not disclosed. The potential transaction remains subject to the information and consultation processes of the relevant employee representative bodies as well as customary closing conditions, including regulatory approvals.

Solo, founded in 1991 and headquartered in Paris, has established a leading position in the European market for personalizable products, driven in part by the 2022 acquisition of Dutch full-service supplier midocean, which created a true one-stop-shop solution for both hard goods and textiles.

Solo’s portfolio includes wearables, textile accessories and a wide range of hard good products such as drinkware, bags and luggage, stationery and tech accessories. The company serves more than 19,000 customers, including resellers, specialists and distributors.

 

“Solo’s strong foundation and entrepreneurial heritage make it an excellent fit for our hands-on approach to value creation”

Louis Samson, Co-President, Platinum Equity

 “Solo’s strong foundation and entrepreneurial heritage make it an excellent fit for our hands-on approach to value creation,” said Platinum Equity Co-President Louis Samson. “We have great confidence in the company’s leadership team and fundamentals. We believe that our M&A resources and operations capabilities can help the company accelerate its growth and foster new innovative solutions for an increasingly complex personalized products market.”

“This deal provides another example of how Platinum can craft transaction solutions even in a challenging time for buyouts globally,” Samson added.

Solo’s management team will retain a stake in the business.

“Solo aims to shape the future of personalization. One that is not only high performing but also sustainable and designed to meet the challenges of today and anticipate the needs of tomorrow,” said Solo CEO Audélia Krief, who will continue to lead the business following the ownership transition. “This requires a continuous investment in innovation, service and automation that is now made possible through the financial sponsorship of Platinum Equity.”

Stephen Gibson, COO of Solo and former CEO of midocean, added: “The European market for personalizable products is developing fast, driving consolidation towards full-service suppliers of both hard goods and textiles. In our quest to accelerate this development in Europe, we are extremely excited to have attracted Platinum Equity to support our ambition.”

Solo distinguishes itself through its global procurement, product quality, fast fulfilment and advanced in-house customization capabilities, offering made-to-order solutions for both garments and hard goods, with a team of 1,600 employees across Europe and Asia and a robust pan-European distribution network.

“Solo’s integrated model, combining distribution scale and on-demand printing, delivers compelling advantages in cost, product breadth, inventory availability and speed to Solo and its B2B customers,” said Malik Vorderwuelbecke, Managing Director at Platinum Equity. “In a highly fragmented market, these strengths position the company as an attractive platform for organic growth and strategic acquisitions. We will look to expand geographically and into new product categories.”

Latham & Watkins LLP is serving as Platinum Equity’s legal advisor.

About Platinum Equity

Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $50 billion of assets under management and a portfolio of approximately 60 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 30 years Platinum Equity has completed more than 500 acquisitions.

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Vision Innovation Partners Acquires Eye Care of Delaware

Gryphon Investors
Annapolis, Maryland – 

Strengthens Eye Care Platform’s Services in Mid-Atlantic Region

Vision Innovation Partners (“VIP”), a leading Mid-Atlantic eye care platform with 68 locations, today announced that it has acquired Eye Care of Delaware, a provider of eye surgery and related treatments in the Mid-Atlantic area. This acquisition marks VIP’s 26th add-on since its founding in 2017 and strengthens its growing network of ophthalmology practices.

Founded in 1997, Eye Care of Delaware offers eye surgery and related treatments to patients in Delaware and surrounding states. Its highly trained and experienced doctors use state-of-the-art technology to perform a variety of procedures including cataract surgery, cornea & glaucoma treatments, refractive surgery, eyelid reshaping, and retina care. Led by Medical Director Dr. Jeffrey R. Boyd, M.D., Eye Care of Delaware includes one ophthalmologist and two optometrists, along with qualified support staff who coordinate patient care.

Chris Moore, CEO of Vision Innovation Partners, said, “We are delighted to welcome the team at Eye Care of Delaware to the VIP platform. VIP seeks to align with practices that want to grow and that have a great reputation for delivering superior outcomes for patients.  Dr. Boyd and his team will be a great fit as we continue to build a premier vision care platform with a mission of offering the latest technology and treatments that serve our purpose of protecting and restoring vision in patients.”

“Eye Care of Delaware is thrilled to become part of the VIP family, which shares our goal of providing advanced treatment and solutions that address our patients’ critical vision problems in a caring environment, while supporting our growth in the region. Our patients, team members and community will benefit from VIP’s additional strategic resources, business expertise, and shared vision for excellence,” said Dr. Boyd.

VIP is a portfolio company of Gryphon Investors, a leading middle market private investment firm.

# # #

About Vision Innovation Partners

Founded in 2017 and headquartered in Annapolis, MD, VIP supports the Mid-Atlantic’s premier ophthalmology practices and surgery centers through good people, expert leadership, the sharing of best practices and the backing of Gryphon Investors, a leading middle-market private equity firm. VIP’s managed practices offer a comprehensive range of services, including routine eye exams and LASIK surgery as well as treatment for cataracts, glaucoma, macular degeneration, and other ocular diseases. The Company is among the region’s leading managed services platforms for ophthalmology providers, with over 150 providers and a footprint that includes 68 locations including 12 surgery centers across Maryland, Washington D.C., Virginia, Pennsylvania and now, Delaware.

About Gryphon Investors

Gryphon Investors is a leading middle-market private investment firm focused on profitably growing and competitively advantaged companies in the Business Services, Consumer, Healthcare, Industrial Growth, Software, and Technology Solutions & Services sectors. With more than $10 billion of assets under management, Gryphon prioritizes investments in which it can form strong partnerships with founders, owners, and executives to accelerate the building of leading companies and generate enduring value through its integrated deal and operations business model. Gryphon’s highly differentiated model integrates its well-proven Operations Resources Group, which is led by full-time, Gryphon senior operating executives with general management, human capital acquisition and development, treasury, finance, and accounting expertise. Gryphon’s three core investment strategies include its Flagship, Heritage, and Junior Capital strategies, each with dedicated funds of capital. The Flagship and Heritage strategies target equity investments of $50 million to $500 million per portfolio company. The Junior Capital strategy targets investments of $10 million to $25 million in junior securities of credit facilities, arranged by leading middle-market lenders, in both Gryphon-controlled companies, as well as in other private equity-backed companies operating in Gryphon’s targeted investment sectors.

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EQT exits property remediation specialist Recover

eqt

pexels-nicobecker-5667392

  • Following EQT’s acquisition in 2020, Recover has invested in its digital capabilities while divesting non-core business units to sharpen focus on water, fire and other core property remediation services

Recover, a leading Scandinavian property remediation specialist, today announced a change of ownership from EQT VIII (“EQT”) and minority investors to industrial investment company Pangea AS.

Recover, which employs approximately 1,730 people across the Nordics, plays a critical role in providing essential restoration services following water, fire, and environmental damage. EQT acquired the Company in early 2020 and despite the challenges presented by the COVID-19 pandemic, Recover has undergone a significant transformation. The Company has been future-proofed through strategic investments in digitization, including a new ERP and FSM system, and has sharpened its focus by divesting non-core business units.

Åge Landro, CEO of Pangea and Chair of Recover, commented: “Recover is a market-leading platform with strong operations and highly dedicated employees. We are excited to partner with the Company and look forward to supporting its continued growth journey across the Nordics and beyond.”

Juho Frilander, Managing Director in the EQT Private Equity advisory team, added: “We would like to thank the management team and all employees at Recover for their hard work and commitment over the past years. The transformation of the business has been impressive and Recover is now well-positioned to thrive in the years to come.”

The transaction is subject to customary conditions and regulatory approvals.

Contact
EQT Press Office, press@eqtpartners.com

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

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

About Pangea
Pangea AS is an investment company focused on fostering sustainable growth by partnering with businesses across various industries and sectors. Its mission is to drive long-term value and success through strategic investments. Pangea is headquartered in Norway, with operations in 8 countries.  Pangea takes an active ownership approach and collaborates closely with management teams and employees.

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Gimv invests in Alpine to support its growth ambition and enhance its leading position in consumer hearing protection

GIMV

Gimv acquires a majority stake in Alpine, one of the leading international consumer brands providing passive hearing protection solutions, from Vendis Capital, the founders and management team. The management team reinvests part of its proceeds and teams up with Gimv to realize the next growth chapter of the company.

Alpine (www.alpine.nl), founded in 1994 and headquartered in the Netherlands, is a leading international brand in passive, premium consumer hearing protection. The company operates in more than 65 countries worldwide, benefiting from strong global omni-channel capabilities.  Alpine offers an extensive product portfolio of high-quality earplugs and earmuffs, designed to meet the evolving needs of consumers worldwide. Backed by a strong management team with a proven track record, Alpine emphasizes ESG principles, demonstrated by its recently acquired B-Corp status and focus on reusable products.

The passive hearing solution market is growing rapidly, with Alpine standing out as one of the global leaders in a fragmented landscape. Its strong international presence and well-executed multi-channel strategy – spanning OTC/retail, events, and e-commerce – position the company for sustained long-term growth. The company enjoys attractive margins and strong cash conversion, driven by scale advantage and premiumization.

As a premium, purpose driven consumer brand Alpine perfectly fits Gimv Consumer’s investment focus. The hearing protection market is benefiting from powerful underlying trends, including increased health awareness, a growing demand for more premium reusable alternatives, and a heightened focus on ESG. As consumers shift away from disposable products toward innovative, sustainable solutions, Alpine is well-positioned to lead this transformation. The partnership reflects Gimv’s commitment to supporting consumer businesses that promote long-term consumer well-being while driving positive environmental and social impact.

Patrick Franken and Jelle Assink, Partner and Principal in Gimv’s Consumer team, declare: “We are very excited to partner with the Alpine team and support them on their mission to shape the future of hearing protection. As the world grows louder, consumers are becoming increasingly aware of the importance of protecting their hearing. With its strong brand, an innovative product portfolio and broad international multi-channel reach, Alpine is uniquely positioned to elevate the global consumer awareness and lead the shift toward reusable hearing solutions. Alpine can count on Gimv on their growth journey, strengthening Alpine’s presence in key markets and exploring new opportunities for sustainable, long-term growth.”

Koen Bouckaert, Managing Partner Gimv Consumer, declares: “The Consumer investment in Alpine is another proof point that Gimv is willing and able to deploy larger investment tickets in fast-growing, more mature companies, supported by long-term fundamental trends and enabled by a seasoned management team.” 

Arthur van Keeken, CEO of Alpine, declares: “We are delighted to be partnering with Gimv, united by a clear ambition and vision. Over the past years, Alpine has firmly strengthened its position as a leading player in the fast-growing premium hearing protection market. At the same time, we have transformed our internal organization into a professional and sustainable growth platform. Thanks to this strong foundation, we are fully ready for the next step — and Gimv is the perfect fit. With Gimv by our side, we are confident that we can further accelerate our growth and mission.”

The size of this investment is in line with Gimv’s strategic ambition to increase the average ticket size of its investments. Alpine directly enters the top 5 participations in Gimv’s current portfolio. No further financial details on this transaction are being disclosed. The transaction remains subject to the works council advisory procedure.

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Mechanix Wear Acquires Kinco

Gryphon Investors

Trusted Enthusiast Brands Join to Accelerate Growth

Mechanix Wear®, a leading designer and manufacturer of high-performance work gloves, announced today it has acquired Kinco® (or the “Company”), a 50-year-old, family-owned maker of high-quality gloves. Mechanix Wear is a portfolio company of leading middle-market private investment firm Gryphon Investors. Terms of the transaction were not disclosed.

Founded in 1975, Kinco manufactures and distributes premium gloves used across farm, outdoor, and industrial applications, with an enthusiast following in the ski and snowboard industry. Today, the Company’s products are primarily sold through retail partners and direct-to-consumer channels. Travis Kindler, son of the Company’s founders and current owner, will remain at Kinco as President, reporting to Mechanix Wear CEO Jesse Spungin, and will retain a minority stake. The acquisition includes Welch®, a work and safety suspender business owned by Kinco.

Mr. Spungin said, “We are delighted to join forces with Travis and the Kinco team. As leading protective apparel brands with distinguished family histories, our companies share a track record of quality and durability, long-lasting customer relationships, and a growth mindset. Kinco is a natural complement to the Mechanix Wear platform and will broaden our product portfolio and channel footprint, expanding upon our mission to deliver trusted hand protection.”

This transaction represents the second add-on acquisition for the Mechanix Wear platform, which previously acquired Chicago Protective Apparel.

Mr. Kindler commented, “We are thrilled to join the iconic Mechanix Wear brand and could not envision a better home for the Kinco business. Our employees and customers will benefit from the scale and broader resources of a larger company, and with Gryphon’s capital and operational resources behind us, we will invest in growth, innovation, and customer satisfaction to ensure a long-lasting legacy for the business we have been honored to build.”

EC M&A acted as financial advisor and Kirkland & Ellis acted as legal advisor to Gryphon. Adaptive Capital Partners acted as financial advisor and Petersen + Landis acted as legal advisor to Kinco.

# # #

About Mechanix Wear®
Founded in 1991, Mechanix Wear is a leader in automotive, construction, industrial, and tactical hand protection and protective apparel. Since the debut of The Original® work glove at the 1991 Daytona 500, Mechanix Wear has continued to create products that deliver superior performance, quality, and reliability to a growing following of passionate consumers. Headquartered in Valencia, California, the company sells its products in more than 20,000 retail store locations across more than 70 countries and through industrial distributors. With a mission to look beyond conventional ideas and continually innovate the most advanced products for working hands, Mechanix Wear has built a reputation as The Tool That Fits Like a Glove®.

About Gryphon Investors

Gryphon Investors is a leading middle-market private investment firm focused on profitably growing and competitively advantaged companies in the Business Services, Consumer, Healthcare, Industrial Growth, Software, and Technology Solutions & Services sectors. With more than $10 billion of assets under management, Gryphon prioritizes investments in which it can form strong partnerships with founders, owners, and executives to accelerate the building of leading companies and generate enduring value through its integrated deal and operations business model. Gryphon’s highly differentiated model integrates its well-proven Operations Resources Group, which is led by full-time, Gryphon senior operating executives with general management, human capital acquisition and development, treasury, finance, and accounting expertise. Gryphon’s three core investment strategies include its Flagship, Heritage, and Junior Capital strategies, each with dedicated funds of capital. The Flagship and Heritage strategies target equity investments of $50 million to $500 million per portfolio company. The Junior Capital strategy targets investments of $10 million to $25 million in junior securities of credit facilities, arranged by leading middle-market lenders, in both Gryphon-controlled companies, as well as in other private equity-backed companies operating in Gryphon’s targeted investment sectors.

Contact:

Lambert by LLYC

Caroline Luz

203-570-6462

cluz@lambert.com

or

Jennifer Hurson

845-507-0571

jhurson@lambert.com

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Ipsum expands into London with new acquisition

IK Partners

London, UK – Specialist engineering services provider, Ipsum, has announced its acquisition of London’s leading plumbing, pump repair and drainage specialists, Aquaflow Drainage Services Ltd.

The addition will complement Ipsum’s existing water and wastewater asset maintenance and repair capabilities. It will also see the introduction of new specialist plumbing, pump installation and repair, and chemical dosing capabilities. The acquisition will also expand the business’ footprint in and around the English capital, a critical step in its growth.

Andrew Cowan, CEO at Ipsum, said: “Over the last eight years, Ipsum has been on a growth journey and the acquisition of Aquaflow marks a significant milestone. Our expansion into London, a notoriously concentrated market in the sector, will open up opportunities for us while simultaneously providing Aquaflow’s existing customer-base with a broader range of maintenance and repair services.

“We are committed to working with Keith Borrett and the rest of the Aquaflow team to ensure a seamless transition and continue supporting our valued customers and clients.”

Keith Borrett, Managing Director at Aquaflow Drainage Services Ltd, said: “We are thrilled to join forces with Ipsum, marking an exciting new chapter for our company, staff, customers and suppliers. This acquisition not only validates the hard work and dedication of our entire team, but also opens up tremendous opportunities for growth, innovation, and enhanced value for our customers. Together, we look forward to building on our shared vision and achieving even greater success.”

Ipsum is a leading provider of engineering services in the Power, Water, Infrastructure and Telecoms sectors. It works in partnership with customers across regulated and non-regulated environments to optimise asset performance, supporting the security and resilience of critical networks.

It utilises a data-driven approach and technologically enhanced methodologies such as no-dig and trenchless technologies to provide a quicker, greener, and more cost-efficient delivery of engineering, maintenance and repair services, Ipsum employes over 1,000 people and operates throughout the UK.

The transaction was advised by the sell side by corporate finance advisers, Cleveland Scott.

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Diversified Energy and Carlyle Enter Strategic Partnership to Invest in Up to $2 Billion of PDP Energy Assets

Carlyle

BIRMINGHAM, AL and NEW YORK, NY – June 23, 2025 – Diversified Energy Company PLC (LSE: DEC; NYSE: DEC) (“Diversified,” or “DEC”), a leading publicly traded natural gas and liquids production company, and global investment firm Carlyle (NASDAQ: CG) have today announced a strategic partnership to invest in up to $2 billion in existing proved developed producing (PDP) natural gas and oil assets across the United States.

This exclusive partnership will combine Carlyle’s deep credit and structuring expertise, led by Carlyle’s asset-backed finance (ABF) team, with Diversified’s market-leading operating capabilities and differentiated business model of acquiring and optimizing portfolios of existing long-life oil and gas assets to generate reliable production and consistent cash flow.

The partnership enhances Diversified’s access to capital in an attractive acquisition market. Under the terms of the agreement, Diversified will serve as the operator and servicer of the newly acquired assets. As investments occur, Carlyle intends to pursue opportunities to securitize these assets, seeking to unlock long-term, resilient financing for this critical segment of the nation’s energy infrastructure.

“We are excited to partner with Carlyle, a leader in the asset-backed finance space. This arrangement significantly enhances our ability to pursue and scale strategic acquisitions in what we believe is a highly compelling environment for PDP asset consolidation,” said Rusty Hutson, Jr., CEO of Diversified Energy. “We continue to see a robust pipeline of opportunities and the growing need for operational scale and efficiency. With Carlyle’s support, we are well-positioned to capitalize on these trends while aiming to generate sustainable cash flow and value for our shareholders.”

“Diversified is a leading operator of long-life energy assets and a pioneer in bringing PDP securitizations to institutional markets,” said Akhil Bansal, Head of Asset-Backed Finance at Carlyle. “We are excited to bring institutional capital to high-quality, cash-yielding energy assets that are core to US domestic energy production and energy security. This partnership underscores Carlyle’s ability to originate differentiated investment opportunities through proprietary sourcing channels and seek access to stable, yield-oriented energy exposure.”

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 help 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 Diversified Energy Company PLC

Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

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

Media Contacts

Diversified Energy Company PLC

Doug Kris

Senior Vice President, Investor Relations & Corporate Communications

(973) 856 2757

dkris@dgoc.com

 

Carlyle

Kristen Ashton

Corporate Communications

(212) 813-4763

Kristen.ashton@carlyle.com

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Gimv sells stake in Belgian technology scale-up Itineris to Cobepa

GIMV

Gimv and other financial investors sell their stake in Itineris to Cobepa. Founder and CEO Edgard Vermeersch remains significantly invested in the company. Together with Cobepa, the management team intends to continue Itineris’ growth, internationalization and innovation journey.

Founded in 2003 by entrepreneur Edgard Vermeersch, Itineris develops innovative software solutions that allow energy and water utilities to reach operational efficiency, achieve their environmental goals, and improve the relationship with, and experience of, their end customers. The company currently employs around 550 people in Europe and the United States and is expected to realize a turnover of more than 100mio EUR in 2025.

Since Gimv’s investment in 2013, Itineris has experienced sustained growth in its home region of Benelux and successfully expanded into the US and UK markets. Several large US cities currently use Itineris software to optimize the management of utility services, including New York, Dallas, Baltimore, Dakota, Georgetown, and Boston. In 2021, Itineris acquired Opinum, a Belgian software company that develops a data platform for energy and water utilities. This acquisition allowed Itineris to enhance its ability to support utilities in the energy transition by leveraging the untapped potential of their data.

Ruben Monballieu, Partner Sustainable Cities, declares: “Itineris has grown into a leading international technology player that contributes to the more efficient operation of utility companies. This is the result of a unique combination of Edgard’s vision and entrepreneurship, a talented team fully committed to innovation and technology, and a diverse and strong local professional shareholder base. We are proud of the impressive growth and successful internationalization that Itineris has achieved and the active contribution we have been able to provide with Gimv Sustainable Cities.”

Edgard Vermeersch, CEO & Founder of Itineris, declares: “Our unwavering commitment to customer satisfaction and long-term strategic partnerships with our customers has positioned us uniquely within the industry. The trust our customers place in us has fostered a very strong, loyal and vibrant community on both sides of the Atlantic. It is my ambition to continue building on this legacy. I would like to express my sincere gratitude to Gimv and our other former institutional investors for their trust and partnership over the years. Their support has been instrumental in bringing Itineris to where it stands today.”

Since joining this scale-up in 2013 and making subsequent investments, Gimv is able to generate significant realised value, aligning with its target return. This transaction has a positive impact on Gimv’s net asset value as of 31 March 2025 by slightly less than EUR 1 per share. No further financial details are being disclosed.

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CapMan Plc and CAERUS Debt Investments AG enter partnership and launch new investment area CapMan Real Asset Debt

Capman

CapMan Plc and CAERUS Debt Investments AG enter partnership and launch new investment area CapMan Real Asset Debt

CapMan Plc (“CapMan”) and CAERUS Debt Investments AG (“CAERUS”) have today signed an agreement where CapMan acquires 51 per cent of the shares of CAERUS from the company’s current shareholders.

CAERUS is a leading manager for real estate debt investments in Germany and one of the pioneers in the market. With its long presence in the market and strong track-record, CAERUS has demonstrated its expertise in sourcing and selecting attractive investment opportunities for institutional investors. With a team of 12 investment professionals, CAERUS offers tailored real estate debt financing across nearly all real estate segments with a focus on the DACH and Benelux regions. Since its inception in 2014, CAERUS has raised in total EUR 2.6 billion and today has seven active funds, with some EUR 700 million of assets under management.

CapMan is a leading Nordic private asset expert with a focus on real asset investments and an active approach to value creation. CapMan currently has EUR 6.4 billion in assets under management spanning real estate, infrastructure, natural capital and private equity. CapMan has 200 employees across seven offices in the Nordics, London and Luxembourg. The largest investment area, CapMan Real Estate has a team of more than 80 investment professionals and asset managers that manage funds and mandates across value-add and specialised income strategies with total assets under management of EUR 3.5 billion.

With the partnership CapMan establishes a new investment area CapMan Real Asset Debt, which complements the existing real estate, infrastructure and natural capital investment areas and further strengthens CapMan’s focus on real asset investments. The partnership is aligned with CapMan’s growth strategy and supports the strategic objective of reaching EUR 10 billion of assets under management through scaling existing real asset funds, launching new products and targeted acquisitions.

The market for private real asset debt is large and well-established with an attractive growth outlook. Private real estate debt offers competitive solutions for borrowers in complex situations when e.g. bank financing is limited or unavailable. For institutional investors it is an attractive asset class with several benefits such as stable yield, downside protection, diversification and attractive risk adjusted returns.

“This is a significant step for CapMan that further strengthen our focus on real asset investments and expands our presence to Germany. Real asset debt is a natural addition to our existing offering and an area where we see increasing demand and investor interest. I’m impressed with CAERUS’ extensive experience in the area, and excited to join forces with founder and CEO Michael Morgenroth and his team. They have a demonstrated ability to deliver sustainable returns to their investors over the cycles and an entrepreneurial mindset to developing their business. These are values that align with those of CapMan perfectly,” says Pia Kåll, CEO of CapMan.

“The whole CAERUS team is thrilled to partner with CapMan and look forward to this next chapter. CapMan’s platform and strong presence in the Nordics especially within real estate provides us access to asset management resources and local market understanding that offer interesting expansion opportunities. At the same time, we can support CapMan’s investment teams with local knowledge of the DACH and Benelux regions. By pooling our expertise, we are further expanding our market position in continental Europe and enabling our clients to benefit from this stronger market presence,” says Michael Morgenroth, founder and CEO of CAERUS.

At closing of the transaction Michael Morgenroth will be appointed to CapMan’s Management Group as Managing Partner for Real Asset Debt investment area.

The acquisition is expected to be completed during the third quarter of 2025 after customary closing conditions have been fulfilled.

For more information, please contact:

Charlotte Wessman, CapMan Head of Communications, +46 734 290832

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. Learn more at www.capman.com.

About CAERUS
CAERUS Debt Investments AG (CAERUS), founded in 2012 and based in Düsseldorf, is the leading independent provider of institutional real estate debt investments in continental Europe. CAERUS is one of the pioneers in the real estate debt market segment and finances real estate projects and transactions in continental Europe with a focus on the DACH region and the Benelux countries. As an investment advisor, CAERUS acts for Luxembourg-based multi-investor funds as well as for individual mandates and offers institutional investors attractive access to real estate debt investments, taking into account their specific regulatory requirements. To date, CAERUS has launched seven real estate debt funds, which have received around EUR 2.6 billion in capital commitments from institutional investors and financed a loan volume of around EUR 2.7 billion. The team’s extensive expertise and many years of experience in the areas of financing and real estate investment make CAERUS a reliable and trustworthy partner for institutional investors and borrowers alike. www.caerus.ag

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Solenis, NCH Corporation Announce Merger Which Aims to Create More Diversified, Customer-Centric Provider of Water, Hygiene Solutions

Platinum

The combined company will unite complementary business models to further solidify Solenis’ position as a global leader for water and hygiene solutions.  

WILMINGTON, Del. (USA) — Solenis and NCH Corporation (NCH) today announced they have entered into a definitive agreement to merge the NCH business with Solenis. Under the terms of the agreement, Solenis will acquire 100% of NCH stock, creating a more diversified, customer-centric provider of water and hygiene solutions. The Levy Family, owners of NCH since its founding in 1919, will become the largest minority shareholder in Solenis. Finance terms were not disclosed.

The transaction is expected to close by the end of 2025 following regulatory approvals and other customary conditions. Solenis and NCH will continue to operate strictly as independent companies until the transaction is complete.

“We believe this is a transformational opportunity to help Solenis further diversify its business and increase its exposure to the attractive middle-market light water segment.”

Jacob Kotzubei, Co-President and Nathan Eldridge, Managing Director, Platinum Equity

Headquartered in Wilmington, Delaware, Solenis is a leading global provider of water and hygiene solutions. The company was acquired by Platinum Equity in 2021. NCH is the quality leader and trusted on-site expert in middle-market water treatment and industrial solutions.

“The merger presents a unique opportunity to unite our complementary businesses. By leveraging Solenis’ global reach and NCH’s established presence in the middle market, we can enhance the customer experience through Solenis’ 360 approach. Joining forces creates a more diversified business with increased scale, an expanded global footprint, and superior customer service capabilities. Together, the newly combined company will provide attractive cross-selling opportunities, including meeting the increasing customer demand for sustainable and digital solutions,” said John Panichella, Chief Executive Officer, Solenis.

In a statement, the Levy family expressed their commitment to the company’s future: “Our grandfather started NCH over a century ago to provide customers with the highest quality solutions, served by the best trained professionals. Since then, our family and associates have diligently pursued that vision and merging with Solenis is the best way to take a great business and make it even better. We are committed to our associates and customers and know they will continue to thrive with Solenis.”

“Solenis and NCH will be better together,” said Chris Wright, President, NCH Global Chemical. “Joining forces will amplify opportunities for our associates around the world. We’re excited to merge with a truly great company, which allows us to better serve our customers through a broader product and service offering.”

“We believe this is a transformational opportunity to help Solenis further diversify its business and increase its exposure to the attractive middle-market light water segment,” said Platinum Equity Co-President Jacob Kotzubei and Platinum Equity Managing Director Nathan Eldridge in a joint statement. “We have great respect for the Levy family and everything they have built over the years, and we are excited to be their partners.”

About Solenis

As a global leader in water and hygiene solutions, Solenis partners with customers to deliver sustainable innovations that support a safer, healthier planet. The company’s portfolio spans water treatment chemistries, process aids, functional additives, cleaners, disinfectants, state-of-the-art monitoring and control systems, and pool care solutions as well as digital technologies. Customers use these solutions to reduce environmental impact, boost operational efficiency, advance sustainable materials management, support infection prevention and hygiene, and enhance food and beverage safety. Headquartered in Wilmington, Delaware, the company has 70 manufacturing facilities strategically located around the globe and employs a team of over 16,500 professionals in 160 countries across six continents. Solenis is a 2025 Best Managed Company Gold Standard honoree. For additional information about Solenis, please visit www.solenis.com or follow us on social media.

About NCH

Since its founding in 1919, NCH has provided customers with quality-leading and consultative solutions, based on world-class products and superior service. Headquartered in Irving, Texas, the company’s 6,000 associates provide water treatment and industrial solutions to customers through 24 manufacturing plants and 76 distribution centers, across 48 countries.

About Platinum Equity

Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $50 billion of assets under management and a portfolio of approximately 60 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 30 years Platinum Equity has completed more than 500 acquisitions.

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