Blackstone Leads Funding of Over $1 Billion to Neysa to Work Towards Building India’s Leading AI Infrastructure Platform

Blackstone

Mumbai, February 16, 2026 – Neysa (the “Company”) today announced that private equity funds affiliated with Blackstone (collectively, “Blackstone”) and co-investors have entered into definitive agreements to invest in Neysa, enabling a $1.2 billion capital raise. Blackstone and co-investors have provided equity capital of up to $600 million, on the basis of which Neysa intends to secure an additional $600 million of debt financing, subject to documentation. Neysa is a fast-growing Artificial Intelligence acceleration cloud platform in India delivering mission critical solutions to enterprises and government entities. Blackstone will partner with Neysa’s Co-Founder and Chief Executive Officer, Sharad Sanghi, to accelerate the Company’s growth. This funding provides a material impetus to Neysa’s planned scale-up and deployment of over 20,000 GPUs in India, helping to enable the country’s AI revolution.

Founded in 2023, Neysa designs and develops AI systems that are deployed and operated within India. The Company provides purpose‑built and cost-effective GPU‑based AI infrastructure that enables enterprises and institutions to train, fine‑tune, and deploy AI workloads. Its customers span across industries, including financial services, technology, healthcare, and public services.

Amit Dixit, Head of Asia Private Equity at Blackstone, said: “Over the past two decades, we have been committed to building businesses that build India, and this investment brings that to life. It reinforces Blackstone’s focus on backing the essential “picks and shovels” of AI globally, including in India, a key market for Blackstone. With our scale, deep expertise, and track record of building market-leading businesses, we believe we are well-positioned to support Neysa’s next phase of growth and the advancement of India’s AI transformation.”

Ganesh Mani, a Senior Managing Director in Blackstone Private Equity, said: “Digital infrastructure is one of our highest conviction investment themes globally. This investment positions Neysa to play a meaningful role in advancing AI infrastructure in India and enables businesses and public institutions to deploy AI technologies more effectively as AI adoption accelerates. We believe Neysa has the best management team in this space and look forward to partnering with Sharad and team to scale the business and support India’s innovation.”

Sharad Sanghi, Co-Founder and Chief Executive Officer of Neysa, said: “India’s AI ambition requires production grade infrastructure built and operated at scale. Neysa is focused on delivering the execution layer of sovereign compute, and AI research enablement and adoption in alignment with the goals of IndiaAI Mission. We seek to provide performance certainty and data assurance, enabling enterprises, hyperscalers, and global AI labs to deploy and scale reliable AI infrastructure in India. With Blackstone’s experience in scaling critical infrastructure, we aim to help establish India as a globally relevant AI compute destination. This investment is especially meaningful as it coincides with the AI Impact Summit, reflecting growing global engagement with India’s AI compute landscape.”

Blackstone affiliates are a significant global investor in the foundational tools, infrastructure, and technologies that drive AI’s development and adoption. Key investments include QTS, world’s largest data center platform; AirTrunk, the leading data center platform in the Asia Pacific region; CoreWeave, a specialized cloud infrastructure company; and Firmus, an Australian-based AI infrastructure platform.

Other equity investors in this transaction to include Teachers’ Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Venture Partners. DC Advisory served as lead financial advisor to Neysa. KPMG served as a financial advisor to Blackstone. Talwar Thakore & Associates (TT&A) is serving as legal advisor to Neysa. Trilegal and Gibson & Dunn are serving as legal advisors to Blackstone.
 
About Blackstone  
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedInX (Twitter), and Instagram.
 
About Neysa
Neysa is an AI Acceleration Cloud provider that enables enterprises, startups, and public sector organisations to discover, deploy, and scale AI workloads securely and cost-effectively. Its flagship AI Acceleration Cloud system, Velocis covers AI infrastructure, GenAI and AI use case performance optimisation, and AI/ML security. Neysa’s partner-first approach is designed to foster an open AI ecosystem, driving industry-specific adoption at scale. Further information is available at www.neysa.ai. Follow @neysa on LinkedIn and Instagram.

Media Contacts

For Blackstone

Ellen Bogard
Ellen.Bogard@Blackstone.com
Tel: +852 3651 7737

Deepa Jayaraman
Deepa.jay@outlook.com
Tel: +91 90087 78681

For Neysa
Sujit Janardanan
sujit.j@neysa.ai
Tel: +91 9819466337

Naina Aggarwal Ahuja
naina.a@talkingpointcommunications.com
Tel: +91 9582363695

Ratos divests Expin Group as part of its streamlining

Ratos

Ratos has entered into agreements to divest Elektrosignal Infra and Ratatek, focusing on electrification and signal and telecommunication systems within rail infrastructure in Sweden and Finland, to Baneservice, Norway’s leading railway contractor. Through these transactions, in all material aspects, the operational business of Expin Group is divested.

The divestment pertains to the operational business of Expin Group, of which Ratos ultimately owns 94 percent of the shares.

“With today’s announcement, we take another important step in the continued streamlining of Ratos, strengthening our focus on long-term value creation. I am pleased that Expin Group will be backed by Baneservice, a reputable and committed owner, as the company continues its journey,” says Anna Vilogorac, Chairman of Expin Group.

Estimated financial impact on Ratos
The divestment will have an impact on Ratos’ reported operating profit of approximately SEK -800 million (non-cash impact) in the fourth quarter of 2025 and will generate cash proceeds of about SEK 50-70 million upon closing. Final impact will be calculated on closing. The transactions are subject to customary regulatory approvals and are expected to be completed in the second quarter of 2026.

About Expin Group
Expin Group focuses on electrification and signal and telecommunication systems within rail infrastructure in Sweden and Finland.

For more information, please contact:
Anna Vilogorac, CFO & IR
+46 70 616 50 19
anna.vilogorac@ratos.com

Katarina Grönwall, VP Communications & Sustainability
+46 70 300 35 38
katarina.gronwall@ratos.com

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CVC DIF agrees sale of American Roads to John Laing

CVC|DIF
  • American Roads owns and operates a portfolio of four tolled transportation facilities, including three bridges in Alabama and the American-side concession of the Detroit-Windsor Tunnel, which serves as an international border crossing between Canada and the United States.
  • Across its facilities, American Roads serves approximately seven million trips annually.
  • During CVC DIF’s ownership, American Roads has been transformed into a resilient, well-positioned platform of essential transport assets through active asset management, operational optimisation, and strategic capital structuring.
  • This exit underscores CVC DIF’s clear focus on returning capital to investors, supported by the expertise of its dedicated Divestments team.

CVC DIF, the infrastructure strategy of leading global private markets manager CVC, is pleased to announce that it has signed an agreement to sell American Roads to John Laing Group (“John Laing”), a leading international investor and active manager of core infrastructure assets. The transaction is subject to customary regulatory approvals and other closing conditions, including required antitrust clearances in the United States.

American Roads is a transportation infrastructure platform that owns and operates a portfolio of toll road infrastructure in the United States. The portfolio includes three bridges in Alabama with perpetual operating rights, as well as the concession-lease for the American-side of the Detroit–Windsor Tunnel, a strategically important cross-border tunnel connecting Detroit, Michigan, USA with Windsor, Canada. These assets provide critical connectivity for commuters and regional businesses, and serve approximately seven million trips annually.

Since acquiring American Roads in 2018 via its DIF Infrastructure V fund, CVC DIF has executed a clearly defined value creation plan focused on strengthening the platform’s operational resilience and positioning the assets for sustainable long-term growth. This has included close engagement with management to optimise operating practices across the portfolio and implement a capital structure designed to support ongoing investment and operational flexibility. CVC DIF’s ownership period also included the successful management of the platform through the Covid-19 pandemic, maintaining service availability during major operational disruption and a sharp decline in passenger travel, while positioning the business for recovery. CVC DIF also supported the development of an experienced, top-tier management team, reflecting the platform’s long-term institutional ownership profile.

Andrew Freeman, Partner and Head of Divestments at CVC DIF, commented: “American Roads is a strong illustration of CVC DIF’s active ownership and long-term approach to infrastructure investing. Through close partnership with management, disciplined operational optimisation, and thoughtful capital structuring, we have developed a resilient and well-governed platform of essential transport assets. We are pleased to have agreed this transaction with John Laing, a highly experienced infrastructure investor, and believe American Roads is very well positioned to continue delivering critical connectivity in its next phase of ownership.”

Quotes

Through close partnership with management, disciplined operational optimisation, and thoughtful capital structuring, we have developed a resilient and well-governed platform of essential transport assets

Andrew FreemanPartner and Head of Divestments at CVC DIF

The sale of American Roads continues CVC DIF’s programme of disciplined portfolio rotation, reflecting sustained investor demand for high-quality, long-duration infrastructure assets underpinned by stable fundamentals.

CVC DIF was advised on the transaction by Macquarie Capital (Financial), A&O Sherman (Legal), KPMG (FDD and Tax), Infrata (Technical, ESG and Traffic) and Marsh (Insurance).

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Bain Capital and BlueWater Marinas Acquire Bayside Marine in Duxbury, MA

BainCapital

BOSTON & CHARLESTON, S.C. – February 13, 2026 – BlueWater Marinas (“BlueWater”) today announced the acquisition of Bayside Marine (“Bayside”), a premier full-service marina located in Duxbury, Massachusetts. Bayside represents the fifth marina acquired by Bain Capital and BlueWater as part of their joint venture.

Family-owned and operated by the Kent family since 1949, Bayside Marine has become a cornerstone of the Duxbury boating community and is supported by decades of operational excellence in one of Massachusetts’ most affluent and supply-constrained coastal markets. Situated on Duxbury Bay with direct access to Cape Cod Bay, the property serves as a premier launch point for fishing and cruising across the South Shore and greater Cape Cod region. Bayside operates as a full-service, one-stop destination for customers’ boating needs, including storage, service, and boat sales as an authorized Grady-White dealer.

Andrew Terris, a Partner at Bain Capital Real Estate, said, “Bayside represents a compelling opportunity to invest in a high-quality, full-service marina that expands our presence in the Northeast. This asset pairs well with our acquisition of Glyn’s Marine on Nantucket and reflects our strategy of building a portfolio of outstanding marina properties along the East Coast.”

Joe Miller, a Principal at BlueWater Marinas, added, “Bayside Marine is a highly respected, deeply rooted business within the New England boating community. The property’s wide scope of services, attractive location, and multi-generational legacy align well with our approach to investing in high-quality marina operations in key coastal markets. We look forward to supporting the Kents and their team in continuing to deliver exceptional customer experience as they stay on to lead the day-to-day operations of the business.”

About Bain Capital Real Estate

Bain Capital Real Estate pursues investments in often difficult-to-access sectors underpinned by enduring secular trends that drive long-term demand growth for real estate assets and services. The Bain Capital Real Estate team has invested and committed over $10.7 billion of equity across multiple sectors as of September 30, 2025. Bain Capital Real Estate focuses on assets where the team applies its deep industry expertise to accelerate impact and drive operational improvements. Bain Capital Real Estate’s strategy aligns with the value-added investment approach that Bain Capital pioneered and leverages the firm’s global platform and significant experience across asset classes to further bolster its insights and sourcing capabilities. Bain Capital is one of the world’s leading private investment firms, with approximately $215 billion of assets under management. For more information, visit https://www.baincapitalrealestate.com.

About BlueWater Marinas

Headquartered in Charleston, South Carolina, BlueWater Marinas will acquire, develop and operate coastal marina assets, including both dry and wet slips. Established by former executives and key team members of PORT 32 Marinas and Atlantic Marina Holdings, alongside several marina industry top performers, BlueWater Marinas brings unparalleled expertise in marina development and management, delivering exceptional service to its customers. With a proven track record, BlueWater Marinas will build and operate a distinguished portfolio of Class A marina assets in prime markets along the East Coast. For more information, please visit https://bw-m

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EQT and Blackstone Infrastructure to acquire Urbaser, a leading waste management infrastructure platform

eqt

EQT and Blackstone Infrastructure to acquire Urbaser a leading waste management infrastructure platform

  • Funds managed by EQT and Blackstone to acquire Urbaser, a Spain-based leader in waste management infrastructure and environmental services oriented towards sustainability and innovation
  • Urbaser provides essential services to municipalities and industrial customers
  • EQT and Blackstone will support Urbaser’s growth across its markets, underpinned by an accelerating transition towards a circular economy

EQT is pleased to announce that the EQT Infrastructure VI fund and funds managed by Blackstone Infrastructure have agreed to acquire Urbaser, from funds managed by Platinum Equity.

Founded over three decades ago, Urbaser is a leading global provider of integrated waste management and environmental services. Urbaser delivers municipal and industrial waste services to more than 60 million people worldwide and has an integrated waste management model ranging from collection to treatment with the most advanced solutions to maximise recycling and regeneration. Its services are delivered through long-term contracts with municipalities and industrial clients.

Urbaser’s commitment to innovation is reflected in its long-standing leading expertise in developing and operating energy-from-waste and other advanced waste treatment infrastructure that support the sustainable development of the waste management value chain, working closely with municipalities and industrial clients.

EQT will bring its global experience investing in sustainable waste management platforms to help Urbaser grow its leadership in Spain and other geographies. It will also leverage its long investment track record and established local team with experience supporting infrastructure and sustainability-focused businesses in the country. Together with Blackstone, EQT will support the management team in continuing its expansion in the fast-growing industrial waste segment, while further strengthening Urbaser’s core municipal waste operations and its role as a long-term partner to municipalities.

Guillermo García-Barrero, Partner at EQT Infrastructure, said: “Urbaser has a long track record of partnering with municipalities and industrial clients to provide them with advanced waste treatment and collection infrastructure services. Together with Blackstone, we look forward to supporting Urbaser’s management team and employees to continue to invest in the circular economy and create lasting value for society.”

Adam Kuhnley, Co-Head of European Investments, Blackstone Infrastructure, added: “As Spain’s leading waste management and environmental services platform, Urbaser is renowned for its technical expertise, decades-long experience and long‑standing customer relationships. We are excited to partner with management and EQT to support the company’s next phase of growth as it capitalizes on strong demand for greater resource efficiency.”

Fernando Abril-Martorell, CEO of Urbaser, added: “This transaction is the reflection of the value creation potential of Urbaser and the result of an excellent collaboration with Platinum Equity over these years. We are eager to continue providing leading solutions to our customers in this new phase, accelerating our investment and growth path, working hand by hand with EQT and Blackstone as our strategy partners.”

Following the acquisition of Urbaser, EQT will have invested more than €7 billion of equity in Spain across business lines since it opened its office in 2015.

EQT and Blackstone will each own 50% of Urbaser and jointly manage the company. The transaction is subject to customary conditions and approvals. Morgan Stanley & Co. International plc and BBVA acted as financial advisors to EQT, J.P Morgan and UBS Investment Bank acted as financial advisors to Blackstone, and Simpson Thacher & Bartlett, Linklaters and Kirkland & Ellis acted as legal advisors to Blackstone and EQT.

With this transaction, EQT Infrastructure VI is expected to be 60-65% percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication).

Contact
EQT Press Office, press@eqtpartners.com

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About EQT
EQT is a purpose-driven global investment organization with EUR 270 billion in total assets under management (EUR 141 billion in fee-generating assets under management) as of 31 December 2025, 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 LinkedInXYouTube and Instagram

About Blackstone Infrastructure
Blackstone Infrastructure is an active investor across energy, transportation, digital infrastructure and water and waste infrastructure sectors. We seek to apply a long-term buy-and-hold strategy to large-scale infrastructure assets with a focus on delivering stable, long-term capital appreciation together with a predictable annual cash flow yield. Our approach to infrastructure investing is one that focuses on responsible stewardship and stakeholder engagement to create value for our investors and the communities we serve.

About Urbaser
Urbaser is one of the world leaders in environmental solutions, a global company focused on enhancing the value of the planet’s resources to build a more sustainable tomorrow. We serve more than 60 million people across the globe through our cleaning and collection services and manage more than 150 treatment plants, thanks to a huge network of more than 50,000 employees who promote real circularity every day.

More info: www.urbaser.com
Follow Urbaser on: LinkedIn, Instagram, Facebook y X

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Blackstone Infrastructure and EQT to acquire Urbaser

Blackstone

Funds managed by Blackstone and EQT to acquire Urbaser, a Spain-based leader in waste management infrastructure and environmental services

Blackstone and EQT will support Urbaser’s growth across its markets, underpinned by an accelerating transition towards a circular economy

LONDON, UK – February 12, 2026 – Funds managed by Blackstone Infrastructure and the EQT Infrastructure VI fund (“EQT”) have agreed to acquire Urbaser from funds managed by Platinum Equity.

Founded over three decades ago, Urbaser is a leading global provider of integrated waste management and environmental services aimed at maximising recycling and regeneration.

Its services are delivered through long-term contracts with municipalities and industrial clients.

Adam Kuhnley, Co-Head of European Investments, Blackstone Infrastructure, said: “As Spain’s leading waste management and environmental services platform, Urbaser is renowned for its technical expertise, decades-long experience and long‑standing customer relationships. We are excited to partner with management and EQT to support the company’s next phase of growth as it capitalizes on strong demand for greater resource efficiency.”

Guillermo García-Barrero, Partner at EQT Infrastructure, said: “Urbaser has a long track record of partnering with municipalities and industrial clients to provide them with advanced waste treatment and collection infrastructure services. Together with Blackstone, we look forward to supporting Urbaser’s management team and employees to continue to invest in the circular economy and create lasting value for society.”

Urbaser’s commitment to innovation is reflected in its long-standing expertise in developing and operating energy-from-waste and other advanced waste treatment infrastructure that support the sustainable development of the waste management value chain.

The two firms will support the management team in continuing its expansion in the fast-growing industrial waste segment, while further strengthening Urbaser’s core municipal waste operations and its role as a long-term partner to municipalities.

Fernando Abril-Martorell, CEO of Urbaser, added: “This transaction reflects the value creation potential of Urbaser and is the result of excellent collaboration with Platinum Equity in recent years. We will continue providing leading solutions to our customers in this new phase, accelerating our investment and growth, working hand in hand with EQT and Blackstone as our strategic partners.”

Blackstone and EQT will each own 50% of Urbaser and jointly manage the company.

The transaction is subject to customary conditions and approvals. J.P Morgan and UBS Investment Bank acted as financial advisors to Blackstone, and Morgan Stanley and BBVA acted as financial advisors to EQT. Simpson Thacher & Bartlett, Linklaters, Kirkland & Ellis and Uría Menéndez acted as legal advisors to Blackstone and EQT.

Blackstone Infrastructure Partners  
Blackstone Infrastructure Partners is an active investor across energy, transportation, digital infrastructure and water and waste infrastructure sectors. We seek to apply a long-term buy-and-hold strategy to large-scale infrastructure assets with a focus on delivering stable, long-term capital appreciation together with a predictable annual cash flow yield. Our approach to infrastructure investing is one that focuses on responsible stewardship and stakeholder engagement to create value for our investors and the communities we serve.

Media Contact

Blackstone

Matt Thomas
Matthew.Thomas@Blackstone.com
 +44 7350 445003

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EQT Foundation announces Rare Disease Science Grant recipients

eqt

EQT Foundation is proud to announce the recipients of its Rare Disease Science Grants, a funding initiative designed to accelerate transformative deeptech solutions for the diagnosis, treatment, and management of rare conditions. The selected projects span gene and RNA therapies, regenerative medicine, AI-enabled diagnostics, novel drug delivery platforms, and precision immunotherapy, each addressing urgent unmet needs in diseases that disproportionately affect children and underserved patient populations.

Together, these projects exemplify the power of rare disease research to generate breakthroughs with impact far beyond individual conditions, advancing new platforms, tools, and approaches that can reshape medicine more broadly.

Meet the Grantees

Spencer Shelton – Modulating metabolic flux by hematopoietic stem cell engineering to ameliorate porphyrias

A broadly applicable genetic therapy for erythropoietic protoporphyria that targets blood stem cells to restore balance in heme biosynthesis. By intervening at a shared regulatory point rather than correcting individual mutations, this approach aims to deliver a mutation-agnostic therapy capable of reaching clinical testing by the end of the project.

Daniel Bauer – Prime editing gene therapy for Shwachman-Diamond syndrome

This project advances a first-in-class prime editing strategy to treat Shwachman-Diamond syndrome, a rare inherited bone marrow failure disorder with no targeted therapies. Building on strong proof-of-concept data, the team will generate the preclinical and genotoxicity evidence needed to support a pre-IND meeting with the FDA, with the longer-term goal of establishing a gene-editing platform for blood and immune diseases.

Rhian Stavely – Autologous enteric neural stem cells for Hirschsprung disease

A curative regenerative medicine approach for children with Hirschsprung disease, which is caused by the absence of enteric neurons in the gut. Using a patient’s own cells, this project aims to regenerate functional enteric neural networks, restore gut motility, and reduce lifelong complications, while preparing the therapy for first-in-human clinical translation.

Marta M. Alonso and Iker Ausejo-Mauleón –Developing new generation oncolytic virus for pediatric brain tumors

This project is developing next-generation oncolytic virus therapies for otherwise incurable pediatric brain tumors, with a focus on diffuse midline gliomas. The grant will support advanced preclinical validation of POP-02, alongside regulatory planning toward first-in-human studies in Europe and the United States, with the ambition to initiate a Phase I trial in children.

Guei-Sheung Liu – Transformative RNA editing therapy for Usher syndrome

This project from the Centre for Eye Research Australia, is developing a first-in-class RNA editing therapy to directly correct the genetic cause of Usher syndrome, a condition that leads to irreversible vision loss and early-onset hearing impairment. By restoring essential retinal proteins, the approach has the potential to halt retinal degeneration and transform outcomes for up to 300,000 people worldwide.

Timothy Jenkins – AI-designed T-cell engagers for virus-driven Merkel cell carcinoma

Using de novo protein design, this project creates highly selective bispecific T-cell engagers that target viral peptide–MHC complexes in Merkel cell carcinoma, a rare and aggressive skin cancer. The platform combines generative AI with in vitro and in vivo validation to deliver a preclinical lead with a clear path toward IND-enabling studies and broader applicability to other virus-associated cancers.

Wouter van Rheenen and Vamshidhar R. Vangoor – ATTAIN: Antisense therapies targeting ALS in induced neurons

ATTAIN aims to rapidly translate genetic discoveries into gene-targeted therapies for ALS. By building a scalable pipeline using patient-derived motor neurons, the team will screen and optimize allele-specific antisense oligonucleotides, nominating lead candidates for safety testing and future first-in-human precision therapies.

Stefan Marciniak – AI-enabled diagnosis of Birt-Hogg-Dubé syndrome

This project applies federated learning and artificial intelligence to improve CT-based diagnosis of Birt-Hogg-Dubé syndrome using multi-institutional data without sharing patient information. By combining imaging, radiomics, and molecular data, the approach aims to improve diagnostic accuracy in non-specialist settings and establish a scalable, privacy-preserving framework for rare disease diagnostics.

Feyisayo Eweje – ENTER: Elastin-based nanoparticles for therapeutic delivery

This project is developing a non-viral protein nanoparticle system for targeted in vivo delivery of gene editors to hematopoietic stem cells. By overcoming key limitations of ex vivo gene editing, this platform aims to enable scalable genetic medicines for inherited blood and immune disorders such as sickle cell disease and beta-thalassemia.

Ana Topf – Latin-SEQ

Latin-SEQ is a multi-centre consortium focused on rare neuromuscular diseases in Latin America. The project integrates diagnosis, gene discovery, and translational development while building sustainable, locally owned scientific infrastructure. By enabling federated analyses and cross-site learning, Latin-SEQ promotes equitable collaboration and long-term capacity building in the region.

Annelisa Cornel – MetaboCAR

MetaboCAR is developing next-generation CAR-T therapies that exploit shared metabolic vulnerabilities across childhood cancers. By targeting metabolic stress signals rather than tumor-specific antigens, this approach aims to unlock new, broadly applicable immunotherapies for pediatric oncology.

Kim Fabiano Marquart – Nerai Bioscience

Nerai Bioscience combines AI with high-throughput directed evolution to engineer customized CRISPR gene-editing tools capable of targeting disease mutations currently beyond reach. With applications in rare genetic liver and metabolic diseases such as citrullinemia type I and phenylketonuria, the project seeks to expand access to first-in-class genome medicines.

Contact

EQT Press Office

press@eqtpartners.com

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 €‌​​270​‌ billion in total assets under management (€141​‌ billion in fee-generating assets under management) as of 31 December 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
Follow EQT on LinkedInXYouTube and Instagram

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IK Partners advises Wendel on the sale of Stahl

IK Partners (“IK”), a leading European private equity firm, has advised Wendel on the sale of its stake in Stahl (“the Company”) to Henkel for an enterprise value of €2.1 billion.

The IK Wendel Principal Investments (“WPI”) team, established in early 2026 to support Wendel’s direct investment activities and led by Xavier Lemonnier, has advised Wendel on the signing of an agreement to sell Stahl (excluding Muno). Wendel invested in Stahl in 2006, with the exit generating a net money multiple of 6.6x and an IRR in excess of 15% over the 20-year hold period.

Stahl is a global leader in specialty coatings for flexible materials. The Company benefits from favourable end-market trends — particularly in premium consumer segments — strong exposure to high-growth regions (such as Asia) and a product portfolio driven by sustainable technologies.

Henkel is a German-headquartered global coatings and adhesives leader serving a broad range of industrial and consumer end markets. Henkel benefits from a strong track record in innovation, technology leadership and sustainability.

The transaction is subject to mandatory consultation processes and the satisfaction of customary closing conditions, including regulatory approvals.

Xavier Lemonnier, Partner at IK and Head of the WPI Strategy, said: “We are pleased to be able to announce such a significant transaction so soon after the announcement of the advisory mandate given to IK to support Wendel, leveraging IK’s deep investment expertise. The sale of Stahl to Henkel represents a great outcome for all stakeholders.”

For further details on the transaction, please refer to Wendel’s press release.

For further questions, please contact:

IK Partners
Vidya Verlkumar
Phone: +44 (0) 7787 558 193
vidya.verlkumar@ikpartners.com

About IK Partners

IK Partners (“IK”) is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €20 billion of capital and invested in over 200 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit ikpartners.com IK is an affiliate of Wendel. For more information, visit wendelgroup.com

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Edelweiss to Bring in Carlyle as Strategic Majority Investor for its Housing Finance Business

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Carlyle

Carlyle to invest INR 2,100 Cr (approximately USD 230M) in Nido Home Finance

 

Mumbai, India, February 10, 2026 – Edelweiss Financial Services Limited (Edelweiss) and global investment firm The Carlyle Group (NASDAQ: CG) today announced that investment funds affiliated with Carlyle will acquire a strategic majority stake in Nido Home Finance Limited (Nido), a wholly-owned subsidiary of Edelweiss. As part of the transaction, investment funds affiliated with Carlyle Asia Partners (CAP) will invest INR 2,100 Cr (approximately USD 230M), which includes acquiring a 45% stake in Nido from Edelweiss through a secondary purchase and a primary equity capital infusion of INR 1,500 Cr (approximately USD165M) in Nido.

 

Established in 2010, Nido is one of India’s leading housing finance companies, providing home loan solutions to customers across the affordable housing and mass-market segments. With a robust presence across the country, Nido operates a large network of branches, serving over 800 talukas (sub-districts) in India, and currently manages an AUM of INR 4,804 Cr (approximately USD530M).

 

The transaction seeks to create a win-win opportunity for all stakeholders by bringing additional capital and operational expertise to better serve the affordable housing segment, predominantly in the rural and semi-urban markets in India, a key priority for the Indian government. Housing finance is an important pillar of India’s growth, underpinned by structural demand, policy support, and a deepening formal credit ecosystem. For Edelweiss, the partnership seeks to advance its objective of creating and unlocking value in its businesses, while reinforcing Nido’s growth momentum through the infusion of fresh growth capital. 

 

For Carlyle, the investment reflects its continued commitment to supporting India’s high-growth housing finance sector and builds on its more than two decades of deep expertise, operating capabilities and strong track record investing in India’s financial services sector, including in housing finance businesses such as PNB Housing Finance Limited (PNBHF) and Housing Development Finance Corporation (HDFC). Aditya Puri, Senior Advisor to Carlyle in Asia, and former CEO and Managing Director of HDFC Bank, will also participate as an investor, underscoring the strategic importance of the investment.

 

Rashesh Shah, Chairman & MD, Edelweiss, said: “The investment by Carlyle in Nido is a key milestone and brings in a high-quality, long-term partner to accelerate Nido’s next phase of growth. At a time when India’s housing finance sector is witnessing strong structural demand, supported by rising affordability and deeper access to formal credit, Nido is well-placed to participate meaningfully in this opportunity. I have deep respect for the financial services franchise that Carlyle has built over many years in India and am very excited that they will be partners to help Nido in its next stage of scale-up. Nido has built a strong, purpose-led franchise in affordable housing finance, and I am confident that this combination of strong leadership and capital will help accelerate expansion and create enduring value for all stakeholders.” 

 

Sunil Kaul, Partner and Asia Financial Services Sector Lead, Carlyle, said: “We are thrilled to partner with Edelweiss to support the next phase of Nido’s growth journey. Housing remains a critical national priority for India, and we have strong conviction in the growth potential of the housing finance industry. We are excited to build on our extensive experience in financial services and housing finance to help Nido scale its operations and serve the expanding needs of affordable housing segments in the rural and semi-urban markets. Additionally, we look forward to leveraging our operational experience to support Nido in strengthening its governance and risk management frameworks for long-term sustainable growth and success.”

 

Closing note: The transaction is subject to regulatory approvals of the Reserve Bank of India, National Housing Bank, Competition Commission of India, and other condition precedents customary to a transaction of this nature. AZB & Partners acted as legal advisors to Edelweiss, and Trilegal acted as legal advisor to Carlyle. Edelweiss will provide further updates in due course.

 

About Edelweiss Financial Services 

Edelweiss is a diversified financial services company with seven independent and well-governed businesses. The businesses include Alternative Asset Management, Mutual Fund, Asset Reconstruction, NBFC, Housing Finance, General Insurance and Life Insurance. The businesses have robust operating platforms, dedicated management teams and strong boards that ensure the highest standards of governance. Edelweiss employs nearly 6,000 people, serves around 1.3 Crore customers, and manages around INR 2,45,000 Crores worth of assets.

Edelweiss Financial Services trades under the symbols NSE: EDELWEISS, BSE: 532922, Reuters: EDEL.NS and EDEL.BO and Bloomberg: EDEL IS and EDEL IB. To learn more about Edelweiss, please visit www.edelweissfin.com.

 

Edelweiss Financial Services Limited Corporate Identity Number: L99999MH1995PLC094641 

 

Edelweiss Social media handle:

X: @EdelweissFin |  LinkedIn:  Linkedin.com/company/edelweissfin

 

About Carlyle

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

 

For more details please contact:

 

Edelweiss

media.queries@edelweissfin.com

 

Concept PR

Archana Parthasarthy

+91 9920940003

archana@conceptpr.com 

 

 

 

 

 

 

 

Carlyle

Lonna Leong

+852 9023 1157

lonna.leong@carlyle.com

 

Adfactors PR 

Manibalan Manoharan

+91 9833949919

manibalan.manoharan@adfactorspr.com

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EQT Life Sciences co-leads USD 39 million Series A in Aerska to help systematically deliver RNA medicines to the brain

EQT Life Science

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  • Series A financing will be used to advance Aerska’s brain shuttle technology to improve the delivery of RNA interference therapeutics for neurological diseases
  • Financing was co-led by EQT Life Sciences from the LSP Dementia Fund, together with age1 and participation from laso Ventures, and alongside existing investors
  • Investment underscores EQT Life Sciences’ commitment to high-impact therapeutics and will support Aerska’s ambition to address a significant unmet need in neuroscience drug development

EQT Life Sciences is pleased to announce that the LSP Dementia Fund has co-led a USD 39 million Series A financing in Aerska, a biotechnology company leveraging brain shuttle technology to develop RNA medicines for neurological diseases. This brings Aerska’s total funds raised to-date to USD 60 million, building on its seed funding announcement in October 2025.

Proceeds from the Series A will support continued development of Aerska’s antibody-oligo conjugate (AOC) platform as it progresses towards the clinic, targeting neurological diseases through systemically delivered RNA interference (RNAi) therapeutics. Additionally, the funding will be used to advance its brain shuttle technology to improve delivery of RNAi therapeutics across the blood-brain barrier to treat a range of neurological diseases.

Aerska’s AOC platform is pioneering systemically delivered RNA medicines capable of reaching the brain to treat neurological diseases at their source. The platform uses proprietary “brain shuttle” technology to overcome the blood-brain barrier, a fundamental challenge that has historically limited RNA therapeutics in CNS diseases. This delivery approach is designed to enable intravenous or subcutaneous administration, achieving uniform and deep brain distribution with durable target gene knockdown, unlocking new therapeutic possibilities for neurological diseases.

Jack O’Meara, CEO & Co-Founder, Aerska, said: “The ability to systemically administer RNAi therapies to the brain unlocks a powerful new approach to treating neurodegeneration. Partnering with EQT Life Sciences further strengthens our path to the clinic as we work to translate this capability into meaningful therapies for the treatment of genetically driven forms of Alzheimer’s disease and other devastating brain disorders.”

Philip Scheltens, MD, PhD, Partner and Head of EQT’s LSP Dementia Fund, said: “For families facing diseases like Alzheimer’s, Aerska’s approach offers hope for preserving cognitive function and quality of life. The team’s strategy of upstream intervention, combined with a focus on the genetic forms of neurological disease, positions them to transform outcomes for populations who have been underserved by current therapeutic approaches. We really look forward to working alongside Aerska to help advance this groundbreaking platform.”

As part of the financing, Arno de Wilde, MD, PhD, MBA, Managing Director at EQT Life Sciences, Philip Scheltens, MD, PhD, Partner and Head of EQT’s LSP Dementia Fund at EQT Life Sciences, and Alex Colville, PhD, General Partner at age1, will join Aerska’s Board of Directors.

Contact

EQT Press Office, press@eqtpartners.com

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About EQT Life Sciences

EQT Life Sciences was formed in 2022 following an integration of LSP, a leading European life sciences and healthcare venture capital firm, into the EQT platform. As LSP, the firm raised over EUR 3.0 billion (USD 3.5 billion) and supported the growth of more than 150 companies since it started to invest over 30 years ago. With a dedicated team of highly experienced investment professionals, coming from backgrounds in medicine, science, business, and finance, EQT Life Sciences backs the smartest inventors who have ideas that could truly make a difference for patients. The LSP Dementia Fund (USD 297 million) started in 2020 and has a dedicated team of neurologists and neuroscientists focused on investing in therapeutics targeting neurodegenerative diseases.

For more information, go to https://eqtgroup.com/private-capital/life-sciences/

About Aerska

Aerska is a biotechnology company pioneering RNA medicines to treat, delay and prevent diseases of the brain. The company is leveraging advances in ‘brain shuttles’ to enable targeted delivery of next-generation RNAi therapeutics to the CNS. By silencing the genes that cause harm, Aerska aims to preserve the minds, protect the memories, and enable our loved ones to live longer, healthier lives. Aerska is headquartered in Dublin, Ireland, with research operations in London, UK. For more info, visit www.aerska.com.

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