Category Archives: News

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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Blackstone Completes CDN$7 Billion Equity Investment in Rogers in Partnership with Leading Canadian Institutional Investors

Blackstone

NEW YORK – June 20, 2025 – Blackstone (NYSE: BX) has successfully closed its previously announced CDN$7 billion equity investment in Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RCI).

Under the terms of the transaction, funds managed by Blackstone Credit & Insurance (“BXCI”) and leading Canadian institutional investors have acquired a non-controlling interest in a newly established subsidiary of Rogers that owns a portion of the company’s wireless backhaul transport infrastructure.

The Blackstone-led investor group includes Canada Pension Plan Investment Board (CPP Investments), Caisse de dépôt et placement du Québec (La Caisse), the Public Sector Pension Investment Board (PSP Investments), British Columbia Investment Management Corporation (BCI) and the Investment Management Corporation of Ontario (IMCO).

Robert Horn, Global Head of Infrastructure & Asset Based Credit at Blackstone, said: “We’re thrilled to close this transaction with Rogers to further their growth and balance sheet objectives. This is another example of Blackstone providing flexible and efficient capital solutions for the world’s leading corporations, while delivering what we believe is a highly differentiated opportunity for our investors.”

Mark Rutledge, US Head of Infrastructure Services at Blackstone Credit & Insurance, added: “Rogers’ backhaul network is positioned to enable the powerful megatrends we see in mobile data usage. We are excited to support Rogers in its next phase of investment and growth.”

BXCI’s Infrastructure and Asset Based Credit platform manages over $90 billion and has over 70 investment professionals, among the largest in the asset-backed marketplace.

About Blackstone Credit & Insurance
Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset-based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.

Contact
Thomas Clements
Thomas.Clements@blackstone.com
(646) 482-6088

Categories: News

Apollo Commits to £4.5 Billion Financing for Électricité de France, Marking the Largest Sterling-Denominated Private Credit Transaction

Apollo logo

Proceeds to primarily finance EDF projects in the UK, notably the Hinkley Point C nuclear power station

NEW YORK, June 20, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed affiliates, funds, and strategic accounts have signed an agreement to invest up to £4.5 billion in fixed-rate callable notes issued by Électricité de France (“EDF”) pursuant to its €50 billion Euro Medium Term Note (“EMTN”) program. Proceeds from the financing will be used primarily to finance EDF projects in the United Kingdom, most notably the Hinkley Point C nuclear power station. This transaction represents one of the largest sterling-denominated note issuances on record.

Apollo Partner Jamshid Ehsani said, “Apollo is pleased to provide this bespoke, large-scale financing to EDF in support of its vital role in advancing European energy sovereignty and power infrastructure, including in the UK.”

Ehsani continued, “This landmark transaction highlights our deepening partnership with the French government and EDF and reaffirms our commitment to being a premier capital provider to leading European companies. This is the largest-ever capital funding transaction executed by EDF and the largest private credit transaction in the sterling market.”

This investment also builds on Apollo’s longstanding history of investing in French companies for nearly three decades. Notably, Apollo has provided €2.5 billion of High-Grade Capital Solutions across three transactions to Air France-KLM in recent years.

Since 2020, under its High-Grade Capital Solutions strategy, Apollo has originated over $100 billion of bespoke capital solutions for leading companies such as Intel, Air France-KLM, BP, Sony, AB InBev, Vonovia, and more.

Latham & Watkins, LLP and Kirkland & Ellis LLP acted as legal counsel to Apollo while Apollo Capital Solutions Europe B.V. is providing structuring and arrangement services in connection with the transaction. BNP Paribas and Hogan Lovells, LLP acted as financial and legal advisors, respectively, to EDF.

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2025, Apollo had approximately $785 billion of assets under management. To learn more, please visit www.apollo.com.

Apollo Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com / europeanmedia@apollo.com

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Conscia, backed by Nordic Capital, acquires Dubex to further strengthen its cybersecurity competencies in Denmark as part of broader European growth strategy

Nordic Capital

Conscia, a leading European provider of cybersecurity, networking, hybrid cloud, observability and managed services, announces the acquisition of Dubex, a Danish cybersecurity specialist with deep expertise in advisory and managed security services.

With the acquisition of Dubex, Conscia is advancing its cybersecurity and security operations center capabilities across the Group while also deepening technical expertise and strengthening local competencies in Denmark. The acquisition is thus a strategic move to expand Conscia’s already strong security competencies and accelerates its ambition to become a pan-European leader in cybersecurity and managed services. This marks Conscia’s 16th acquisition in five years.

“Dubex is a perfect match and strengthens Conscia’s strategic position as Europe’s go-to cybersecurity company,” says Erik Bertman, CEO of Conscia Group. “Dubex adds deep security capabilities and a culture of leadership and excellence that aligns with our values. By combining their focused services with our pan-European platform, we can scale our leading cybersecurity capabilities and respond to rapidly evolving cyber threats more effectively.”

Dubex has a proven track record of more than 25 years dedicated to cybersecurity with a strong service offering across Governance, Risk & Compliance, Security Operations, Managed Security Services (including SIEM, MDR, and EDR), Incident Response, Offensive Security, and cybersecurity training. Dubex brings immediate scale to Conscia’s cybersecurity operations, both in terms of people and service breadth. With more than 80 specialists joining, including a high-capacity Security Operations Center (SOC), the Group significantly boosts its delivery power.

“Conscia Denmark now firmly establishes itself as a comprehensive cybersecurity partner. By integrating Dubex’s strong brand and capabilities in high-trust areas like incident response and offensive security, Conscia is positioned to be the first call when critical threats emerge. This significantly enhances our relevance and visibility among enterprise and public sector clients,” says Martin Høyer, General Manager of Conscia Denmark. “We’re excited to welcome a team that shares both our dedicated customer focus and strong technical DNA, and I look forward to working together with Dubex’s leadership to the benefit of customers from both companies.”

Dubex’s service offering and focus on cybersecurity fits well with Conscia’s scalable operational model while maintaining continuity in leadership, organisation and customer relationships.

“Joining Conscia is a natural step for us. We’ve always prioritized technical excellence and close customer partnerships – values we know Conscia shares,” says Gorm Mandsberg, co-founder and CEO of Dubex. “With access to new resources and broader capabilities, we can expand our impact and continue to lead in the cybersecurity field for our clients.”

The parties have agreed not to disclose financial details of the transaction and completion is subject to regulatory approval and customary closing conditions.

Press contacts:

Conscia Group
Daniel Siberg, Chief Sales & Marketing Officer
Phone: +46 734 082 778
Email: dasi@conscia.com

Conscia Denmark
Janne Rumle Becker, Communications- & Marketing Director
Phone: +45 51 29 32 20
Email: jbc@conscia.com

‍About Conscia

Conscia is a pan-European leader in cybersecurity and managed services for mission-critical IT infrastructure. Conscia secures and runs complex digital infrastructure for large organisations in an increasingly digital world facing rising threats and vulnerabilities. With global expertise and a local presence, Conscia designs, delivers, and manages cybersecurity, networking, hybrid cloud, and observability solutions that keep systems protected, connected, and high-performing. By safeguarding critical data and operations, Conscia ensures organisations stay resilient and prepared for what’s next – empowering them to secure progress. Founded in Denmark in 2003 and backed by private equity investor Nordic Capital, Conscia has grown into a pan-European leader. Headquartered in Denmark, the company now employs more than 1,400 people across Belgium, Finland, Germany, Ireland, Norway, Slovenia, Sweden, the Netherlands, and the UK, serving clients in multiple sectors including finance, healthcare, manufacturing, utilities, retail, and the public sector.

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3i announces sale of MPM to Partners Group, generating gross proceeds of c.£400m and MM of 3.2x

3I

3i Group plc (“3i”) today announces that a definitive agreement has been signed whereby MPM, a global leader in premium, natural pet food, will be sold to Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients. Total gross proceeds to 3i are estimated to be c.£400m, which represents a c.17% uplift on its 31 March 2025 valuation and c.29% uplift on its 31 December 2024 valuation. Including proceeds already received, this represents a 3.2x multiple of invested capital and an IRR of 29%.

MPM owns the Applaws, Reveal and Encore brands. These well-established cat-led brands are characterised by high-quality, human-grade products, made with natural, clean-label ingredients. MPM’s proposition resonates well with consumers and retailers alike.

Since 3i’s investment in December 2020, MPM’s sales and EBITDA have more than doubled. The company has broadened its omnichannel footprint and scaled significantly, driven by strong growth across pet specialty, food / drug / mass retail, and online channels. International sales now represent c.80% of revenues (US, EMEA and APAC).

Alongside organic growth, 3i has supported MPM through strategic initiatives across brand, product innovation, operations and sustainability, with MPM recertifying as a B Corp in 2024.

Julian Bambridge, CEO, MPM, said: “3i has been an outstanding partner. Their support in expanding our international footprint, investing in innovation and elevating our brand has been instrumental in MPM’s success. We are proud of the global platform we have built together and are excited for the next chapter.”

Rupert Howard, Partner, 3i, said: “It has been an absolute pleasure partnering with Julian and the entire team at MPM. At every step, the team has over-delivered and we are extremely proud of what we have achieved together over the last 4.5 years as we have developed MPM’s brands, customers, channels and geographies. We wish the team and Partners Group every success as MPM continues to expand its international presence in premium natural cat food.”

The transaction is subject to customary regulatory approvals and is expected to complete in Q3 2025.

Harris Williams is acting as financial advisor for 3i.

 

-Ends-

Download this press release 

 

For further information, contact:

Silvia Santoro
Investor enquiries

Kathryn van der Kroft
Media enquiries

 Tel: +44 20 7975 3258
Email: silvia.santoro@3i.com

Tel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com

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CapMan Real Estate welcomes Rexel as the first tenant in a state-of-the-art logistics facility in Mölnlycke

Capman

CapMan Real Estate welcomes Rexel as the first tenant in a state-of-the-art logistics facility in Mölnlycke

CapMan and Panattoni have signed a lease agreement with Rexel, marking the first tenancy in their joint logistics project in Mölnlycke. The property is strategically located near Gothenburg city center, Landvetter Airport, and the Port of Gothenburg, offering modern and sustainable facilities spanning a total of 43,000 m², of which Rexel will lease approximately 21,000 m².

At the beginning of the year, CapMan Real Estate, together with Panattoni, acquired Mitsubishi Logisnext’s former industrial property in Mölnlycke. Since taking possession in March, demolition work has been underway with a strong focus on reuse and sustainability. Now, just three months later, it has been confirmed that Rexel, one of the world’s largest distributors of electrical supplies, will be the first tenant, leasing nearly half of the new logistics facility.

“Securing a tenant like Rexel at such an early stage is a significant milestone and a testament to the strength of our offering. The property’s strategic location in Mölnlycke, close to the Port of Gothenburg and Landvetter Airport, provides unique logistical advantages and creates optimal conditions for the logistics of tomorrow,” says Mathias Ljungberg, Investment Director at CapMan Real Estate Sweden.

CapMan Real Estate actively works to reduce carbon emissions and develop climate-smart properties. The goal is to recycle at least 90% of all waste and reuse materials wherever possible. The new logistics facility is being developed to achieve BREEAM certification at the “Outstanding” level, the highest environmental certification available on the market, as well as Energy Class A. This ensures exceptional energy efficiency, benefiting not only the environment but also reducing operating costs for tenants.

“We are very much looking forward to moving into a future-proofed facility. The fact that the building will be certified according to the highest levels of the BREEAM environmental certification program is extremely important to us—it aligns perfectly with our sustainability efforts,” says Peter Sedin, Logistics Director at Rexel.

The new logistics facility in Mölnlycke is being developed to meet future demands for logistics and sustainability. The property is flexible and can accommodate between one and six tenants, featuring modern solutions such as dual loading yards, energy-efficient systems, and spaces for offices and staff amenities. Through smart material choices and high energy efficiency, the facility contributes to both environmentally friendly operations and reduced costs for tenants. Move-in is scheduled for summer 2026.

For more information, please contact:

Mathias Ljungberg, Investment Director at CapMan Real Estate Sweden, +46 070 989 4916

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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ARCOS Announces New Strategic Growth Investment from Bain Capital

BainCapital

COLUMBUS, Ohio – June 10, 2025 – ARCOS® LLC, the leading field operations and workforce management solution provider for utilities and critical infrastructure industries, today announced a new strategic growth investment from Bain Capital. The partnership will support a variety of growth and product innovation initiatives across the business. Terms of the private transaction were not disclosed.

ARCOS is the only field workforce management system designed for utilities that integrates data from disparate systems of record to provide field workers and central operations real-time situational awareness, enabling them to safely and efficiently perform the full spectrum of field operations to manage both planned and unplanned field operations.  ARCOS’ AI-enabled software solutions are leveraged by customers from Fortune 150 energy companies to municipal utilities to power and transform their field management operations.

“Now more than ever utilities face increased strain on their grids as they address rising energy demands, climate change impacts, the integration of renewable energy sources and the replacement of aging infrastructure,” said Paul Bernard, CEO of ARCOS. “We are excited to continue to drive the digital transformation of the utility industry with our expanding suite of AI-powered, modern and mission-critical field operation solutions.” ARCOS’ recent acquisition of Clearion expands its capabilities into adjacent areas such as vegetation and asset management, strengthening its position as the most comprehensive field operations and workforce management platform for utilities. The partnership with Bain Capital will support continued investment in key products like Mobile Workbench, enhancing field crew productivity, while also enabling continued inorganic growth to further expand ARCOS’ platform capabilities.

“ARCOS provides an essential platform for modernizing how utilities respond to increasingly complex operational demands — from extreme weather to grid modernization and workforce constraints,” said Matt Evans, Partner at Bain Capital. “We are thrilled to partner with Vista and the ARCOS team to further accelerate innovation and build on the Company’s clear leadership in field operations technology during this next phase of growth. This investment is designed to provide a flexible capital solution to support ARCOS in further scaling its mission-critical impact.”

“ARCOS has established itself as a vital technology platform for the utilities and critical infrastructure industries by providing easy-to-use digital tools that help organize, automate and optimize their customers’ complex and variable field service operations,” said Martin Taylor, Co-Head of Vista’s Foundation Fund and Senior Managing Director. “We look forward to building on this momentum with Bain Capital and further strengthening ARCOS’ commitment to product and operational excellence.”

About ARCOS LLC
ARCOS provides innovative field workforce management solutions that help utilities and other critical infrastructure industries manage people, work, and assets in a single platform. ARCOS enables utilities to quickly mobilize personnel for blue and grey sky work, manage native and non-native crews in a single system, and accelerate operations with field mobility tools that deliver real-time situational awareness and significant productivity improvements. More than 200 utilities rely on ARCOS to advance safety, reduce field costs, and improve response times and customer satisfaction. To learn more, visit https://www.arcos-inc.com. Follow @ARCOS on LinkedIn.

About Bain Capital
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. Our Special Situations team focuses on capital solutions opportunities that provide companies flexible capital that meets their specific needs, coupled with deep operational, strategic and financial value-add capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $185 billion in assets under management. To learn more, visit www.BainCapital.com. Follow @Bain Capital on LinkedIn and X (Twitter).

About Vista Equity Partners
Vista is a global technology investor that specializes in enterprise software. Vista’s private market strategies seek to deliver differentiated returns through a proprietary and systematic approach to value creation developed and refined over the course of 25 years and 600+ transactions. Today, Vista manages a diversified portfolio of software companies that provide mission-critical solutions to millions of customers around the world. As of December 31, 2024, Vista had more than $100 billion in assets under management. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on X, @Vista_Equity.

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