Category Archives: News

CapMan Real Estate acquires the Kristiansand Police Headquarters from Bane NOR Eiendom

Capman

The CapMan Social Real Estate fund (CMSRE), managed by CapMan Real Estate, has entered into an agreement to acquire the Kristiansand Police Headquarters from Bane NOR Eiendom.

The property comprises approximately 17,000 sqm across nine floors and forms a key part of Bane NOR Eiendom’s Quadrum development, a major urban transformation project on the former railway area adjacent to Kristiansand Station. Once characterised by disused tracks, a large parking area and outdated office premises, the site has been reimagined as a modern, sustainable and vibrant city district.

The groundwork for the development dates to 2011, when initial plans were submitted to the City of Kristiansand, accompanied by concept sketches developed together with renowned local artist Kjell Nupen (1955–2014). His vision was to transform the station area into a welcoming gateway to the city, defined by distinctive architecture and sweeping views towards the fjord and surrounding landscape.

Fund’s first investment in Norway

The CMSRE fund, launched in 2024, focuses on modern and sustainable essential societal infrastructure across Norway, Denmark, Sweden and Finland. The acquisition of the Kristiansand Police Headquarters marks the fund’s first investment in Norway and fully aligns with its strategy. The fund is managed by CapMan Real Estate, which has been investing in Norway through its other funds since 2017.

“The acquisition of the Kristiansand Police Headquarters brings the CMSRE fund’s portfolio value to over €250 million (GAV). This growth underlines both the pace at which the fund is developing and the continued investor confidence in high‑quality social infrastructure. We see this as a strong step forward in our long-term strategy and in strengthening our presence across Nordic markets”, says Robert Feldt, Fund Director of CapMan Social Real Estate fund.

About the Kristiansand Police Headquarters

The Kristiansand Police Headquarters comprises 17,000 square metres across nine floors and includes a wide range of specialised facilities designed to support the operational needs of modern emergency services. The property is located at Vestre Strandgate 55 in central Kristiansand and was completed in the summer of 2023. The main tenants include the Police, the Directorate for Civil Protection (DSB) and the Norwegian Directorate of Immigration (UDI).

The headquarters has been developed with a strong focus on environmental performance, incorporating sustainable materials and energy‑efficient solutions throughout the building. The property currently holds an EPC B rating, with a targeted upgrade to EPC A. In parallel, we are pursuing a BREEAM In‑Use Excellent certification, further reinforcing the asset’s strong sustainability credentials and our commitment to responsible asset management.

“With its central location and long‑term relevance, Kristiansand Police Headquarters aligns exceptionally well with the CMSRE fund strategy, which focuses on modern, sustainable assets that serve essential public functions. We are pleased to deepen our presence in Norway with an asset that aligns so clearly with our commitment to societal value creation and resilient real estate,” says Jens Henrik Larsen, Investment Director at CapMan Real Estate.

A new urban hub taking shape in Kristiansand

The police headquarters was completed in 2023 and, together with an office building partly occupied by Bane NOR, forms a robust foundation for approximately 1,000 workplaces within the Quadrum district. The area has attracted a strong mix of public and private tenants, including the Norwegian Directorate of Immigration (UDI), the Directorate for Civil Protection (DSB), Capgemini, KPMG and Rambøll. Its strategic location at the intersection of train, bus, ferry and road connections further strengthens its role as Kristiansand’s mobility hub. Quadrum’s final construction phase, Quadrum Port, is currently underway and comprises a hotel and office building totaling approximately 26,000 sqm.

“This sale represents a natural handover of the baton from a property developer to a long-term real estate owner. Quadrum is a flagship example of modern mobility hub development in Norway. With this transaction, we are ready to hand over the responsibility to a party like CapMan, who shares our commitment to society and sustainability,” says Morten Austestad, Executive Director of Property Development at Bane NOR Eiendom.

Contact information:

Jens Henrik Larsen, Investment Director, CapMan Real Estate, +47 950 34 844
Morten Austestad, Executive Director, Property Development, Bane NOR Eiendom, +47 974 74 983

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.1 billion euros in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, real asset debt, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com.

About Bane NOR Eiendom

Bane NOR Eiendom is Norway’s leading developer of mobility hubs and the owner, developer and manager of all railway property in the country. The company plays a key role in sustainable urban development by transforming station areas into efficient and attractive transport‑oriented districts. As a subsidiary of Bane NOR SF under the Norwegian Ministry of Transport, it manages around 1,000 buildings and 4,400 land plots across Norway, including all railway stations, stops and maintenance facilities.

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Schroders and Apollo to Deliver Next Generation Investment Solutions in Ambitious Multi-Channel Partnership

Apollo logo

Innovative partnership leverages the best of Schroders and Apollo to deliver improved client outcomes, with ambition to reach multi-billion-dollar annual flows across both new and existing clients

Apollo Global Management wordmark logo shown in green identifying the alternative asset management firm referenced in a joint announcement with Schroders regarding a strategic partnership to develop investment solutions for institutional and wealth management clients.

Schroders corporate logo displayed in blue, representing the global asset management firm referenced in the announcement outlining a strategic partnership with Apollo to develop next-generation investment solutions for institutional and wealth management clients.

LONDON and NEW YORK, Feb. 09, 2026 (GLOBE NEWSWIRE) — Schroders (LON: SDR) and Apollo (NYSE: APO) today announce a strategic partnership to develop a next generation of innovative wealth and retirement investment solutions aimed at enhancing client choice and outcomes.

The partnership brings together two global leaders, combining Schroders’ active management pedigree in public markets and specialist capabilities across private markets, through Schroders Capital, with the expertise of Apollo’s private markets platform focusing on complementary strengths.

Key initiatives include accelerating and deepening the firms’ offering in the UK wealth market, through the co-creation of new investment products blending public and private market fixed income exposures from across Schroders, Schroders Capital and Apollo. These will seek to provide enhanced income solutions for UK wealth clients, with improved diversification and excess return per unit of risk across the full credit spectrum. The first product is expected to launch later this year. In addition, Schroders will have the opportunity to allocate to Apollo from certain existing client portfolios, with a focus on capabilities that complement Schroders Capital and with the potential to improve client outcomes.

Meanwhile in the US, a Collective Investment Trust for the defined contribution pension market is being prepared for launch in Q2 2026, combining complementary exposures across Schroders Capital and Apollo.

The partnership reflects growing demand globally for hybrid solutions that harness the best of both public and private markets, to help meet growing savings and retirement needs. Successful market testing with potential clients, along with potential flows from existing clients, point to a multi-billion dollar per annum opportunity.

Schroders Group Chief Executive, Richard Oldfield, said:

“This partnership is highly complementary, delivering the best of Schroders and Apollo to deliver better outcomes for our clients. It has the potential to offer clients something truly different; innovative investment solutions with the potential to deliver robust, resilient returns, encompassing offerings across the wealth and retirement landscape in the UK and the US.

“We have always said that we would only pursue partnerships which enhance our existing offering and it is clear that this agreement with Apollo meets that criteria. We cannot wait to get started together.”

Apollo Global Management CEO, Marc Rowan, said:

“Schroders is a storied institution with deep investment expertise and a reputation for delivering excellent client outcomes. Our complementary capabilities can help address a large and growing societal need for reliable income solutions. Together we look forward to developing the next generation of hybrid products.”

Schroders is a $1 trillion+ asset manager with a deep heritage in public equities and fixed income, and with extensive private market capabilities through Schroders Capital, including across the universe of private debt and credit alternatives where the firm manages more than $38 billion on behalf of clients. In the UK wealth market, Schroders has established itself as a true market leader, spearheading the growth of LTAFs and evergreen structures that enable more investors to benefit from the robust returns and diversification benefits private markets can offer.

Apollo is a leading global asset management and retirement services business. It has approximately $908 billion of assets under management and operates one of the world’s largest alternative credit businesses with a significant focus on private investment grade credit origination.

For further information, please contact:

Andy Pearce
Head of Media Relations
+44 20 7658 2203
Andy.Pearce@Schroders.com

Jennifer Manser
Head of Corporate Communications and Business Management, North America
+1 (212) 632-2947
jennifer.manser@schroders.com

For Apollo:

Noah Gunn
Global Head of Investor Relations
+1 (212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
+1 (212) 822-0491
Communications@apollo.com / EuropeanMedia@apollo.com

Note to Editors

To view the latest press releases from Schroders visit: https://www.schroders.com/en/global/individual/media-centre/

Schroders plc

Schroders is a global investment manager which provides active asset management, wealth management and investment solutions, with £776.6 billion (€906.6 billion; $1064.2 billion) of assets under management at 30 June 2025. As a UK listed FTSE100 company, Schroders has a market capitalisation of circa £6 billion and over 5,800 employees across 38 locations. Established in 1804, Schroders remains true to its roots as a family-founded business. The Principal Shareholder Group continues to be a significant shareholder, holding approximately 44% of the issued share capital.

Schroders’ success can be attributed to its diversified business model, spanning different asset classes, client types and geographies. The company offers innovative products and solutions through four core business divisions: Public Markets, Solutions, Wealth Management, and Schroders Capital, which focuses on private markets, including private equity, renewable infrastructure investing, private debt & credit alternatives, and real estate.

Schroders aims to provide excellent investment performance to clients through active management. This means directing capital towards resilient businesses with sustainable business models, consistently with the investment goals of its clients. Schroders serves a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.

Issued by Schroder Investment Management Limited. Registration No 1893220 England. Authorised and regulated by the Financial Conduct Authority. For regular updates by e-mail please register online at www.schroders.com for our alerting service.

Schroders Capital
Schroders Capital provides investors with access to a broad range of private market investment opportunities, portfolio building blocks and customised private market strategies. Its team focuses on delivering best-in-class, risk-adjusted returns and executing investments through a combination of direct investment capabilities and broader solutions in all private market asset classes, through comingled funds and customised private market mandates. The team aims to achieve sustainable returns through a rigorous approach and in alignment with a culture characterised by performance, collaboration and integrity.

With $111 billion (£81 billion; €94.5 billion)* assets under management, Schroders Capital offers a diversified range of investment strategies, including real estate, private equity, secondaries, venture capital, infrastructure, securitised products and asset-based finance, private debt, insurance-linked securities and BlueOrchard (Impact Specialists).

*Assets under management as at 30 June 2025 (including non-fee earning dry powder and in-house cross holdings)

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 September 30, 2025, Apollo had approximately $908 billion of assets under management. To learn more, please visit www.apollo.com.

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Permira and Warburg Pincus agree to sell Evelyn Partners to NatWest

Warburg Pincus logo

Permira, Warburg Pincus and Evelyn Partners are pleased to announce they have successfully reached an agreement with NatWest Group plc for it to acquire Evelyn Partners for a £2.7 billion enterprise value.  The transaction, which is subject to regulatory approval, is expected to complete in the summer of 2026.

Evelyn Partners is a leading UK wealth manager with more than 180 years of heritage and is entrusted with £69 billion of Assets Under Management and Administration (“AUMA”) by its clients. Evelyn Partners offers an integrated wealth management proposition spanning financial planning, discretionary investment management and, through Bestinvest, an award-winning direct-to-consumer platform and coaching service for self-directed investors. With its diverse service proposition, strength in both financial planning and investment management and office network across 21 locations, Evelyn Partners provides a scalable offering across the UK wealth market supported by a modern technology platform.

Funds advised by Permira originally invested in Bestinvest in 2014 and through a small number of highly selective, transformational combinations, most notably Tilney, Towry and Smith & Williamson, created and integrated the combined group now known as Evelyn Partners. Under the Permira fund’s majority ownership, assets under management increased from ~£5 billion to £69 billion. Warburg Pincus became a minority investor in the company upon the acquisition of Smith & Williamson in 2020.

By combining Evelyn Partners’ £69 billion of AUMA with the £59 billion AUMA of NatWest Group’s existing Private Banking and Wealth Management (PBWM) business, which includes Coutts, NatWest Group will oversee more than £127 billion of AUMA and total Customer Assets and Liabilities (“CAL”) of £188 billion.

Paul Geddes, Chief Executive Officer of Evelyn Partners, said:

“We are delighted to be joining NatWest Group which will be a great new home for Evelyn Partners. We each have a long-standing history of providing high quality wealth management services. Together, our shared vision is to be the UK’s leading Private Banking and Wealth Management business, providing unparalleled financial advice and investment management to our clients as well as a broader range of capabilities. We are hugely excited by the opportunity which this transaction presents, providing us with greater scale and resources, for the benefit of our clients and colleagues.

NatWest has been deeply committed to the UK wealth management sector for many years with a sizeable presence through Coutts. Today’s announcement is a sign of its growth ambitions in a world where increasing financial complexity and fast-moving markets are driving the need for both expert advice and investment management. Like Evelyn Partners, NatWest has a similar client-centric culture, and we are excited about the opportunities ahead as part of the wider NatWest Private Banking and Wealth Management team.

As we look ahead to a new stage in our journey, we would also like to thank Permira and Warburg Pincus for their strong partnership over many years.“

Paul Thwaite, Chief Executive of NatWest, said:

“Bringing together these two leading businesses creates a unique opportunity to provide financial planning, savings and investment services to more families and people across the UK. We look forward to welcoming our new clients and working with our colleagues at Evelyn Partners to transform the service our 20 million customers across the Group can expect from us.

At a time when the benefits of saving and investing are increasingly part of the national conversation, we can help customers to make more of their money through a broader range of services, as well as helping to drive growth and investment across the economy.

This transaction creates the UK’s leading Private Banking and Wealth Management business, delivering the scale and capabilities needed to succeed in a market with significant growth potential. It accelerates delivery of NatWest Group’s strategy and positions us to realise our longer-term ambitions.

This represents a strategically and financially compelling use of capital, enhancing income diversification and strengthening returns in a high growth segment, to deliver sustainable long term value creation.”

Chris Pell, Managing Director of Permira, said:

“When we invested in 2014, we believed UK wealth management would increasingly reward scale, advice-led models and institutional investment standards. Over more than a decade, Evelyn Partners has been built deliberately around that conviction. The investment exemplifies our approach to long-term value creation: patient ownership, close partnership with management and continuous investment in people, technology and platform capabilities. Today’s agreement with NatWest is a strong endorsement of the quality of the platform, the client proposition, Paul’s leadership and all the highly talented employees at Evelyn Partners.”

Peter Deming, Managing Director and Partner of Warburg Pincus, said:

“We are excited for Evelyn’s clients, employees and leadership as the business joins an exceptionally strong long-term home in the NatWest Group. This successful ownership transition reflects the outstanding effort of all stakeholders in establishing Evelyn as the preeminent UK wealth manager through the integration of multiple firms into a cohesive, well-performing institution.”

Evercore Partners International LLP and Goldman Sachs International are acting as financial advisers to the Evelyn Partners group. Linklaters LLP are acting as legal advisers to Permira and Warburg Pincus.  Macfarlanes LLP are acting as legal advisers to the Evelyn Partners group.


Press contacts

Evelyn Partners
Jason Hollands
+44 (0)7768 661382

jason.hollands@evelyn.com

Permira
Nina Gilbert / James Williams – media@permira.com

Headland Consultancy – permira@headlandconsultancy.com

Warburg Pincus

Alice Gibb
+44 (0)7827 309 320

alice.gibb@warburgpincus.com

About Evelyn Partners

We are a leading wealth management group, created by the merger of Tilney and Smith & Williamson in 2020. With £68.6 billion of assets under management (as at 31 December 2025) we are one the largest UK wealth managers. Our purpose is ‘to place the power of good advice into more hands’.

We have a network of offices across 21 towns and cities across the UK, the Republic of Ireland and the Channel Islands, supporting private clients, charities, family trusts and providing investment solutions to financial intermediaries. Our clients include entrepreneurs, C-suite senior managers and partners of professional firms.

Our expertise includes both award-winning financial planning and investment management, enabling us to offer clients a truly holistic dual expert Total Wealth management Service. Through Bestinvest, we also provide an award-winning online investment platform and coaching service for self-directed investors.

For further information please visit: www.evelyn.com

About Permira

Permira is a global investment firm that backs successful businesses with growth ambitions. Founded in 1985, the firm advises funds across two core asset classes, private equity and credit, with total committed capital of more than €85bn.

The Permira private equity funds make both long-term Buyout and Growth Equity investments in four key sectors: Services, Technology, Consumer and Healthcare.

Permira is one of the world’s most active investors in the Services sector, having deployed over €13 billion to partner with more than 50 companies globally. Announced, current and previous investments from the Permira funds in the sector include Alter Domus, Carne Group, Evelyn Partners, JTC, Acuity Analytics, Octus, Tricor and Kroll.

Permira employs over 500 people in 15 offices across Europe, the United States, the Middle East and Asia. For more information, visit www.permira.com.

About Warburg Pincus

Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $100 billion in assets under management, and more than 215 companies in its active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,100 companies across its private equity, real estate, and capital solutions strategies.

The firm is headquartered in New York with more than 15 offices globally. For more information, please visit www.warburgpincus.com or follow us on LinkedIn.

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TPG to Acquire Majority Stake in Sabre Industries from Blackstone Energy Transition Partners

Blackstone

Transaction to support continued growth of leading provider of engineered solutions for electric transmission, telecom, and data center infrastructure

Existing investor Blackstone will retain significant minority stake

Alvarado, Texas; San Francisco & Fort Worth, Texas; New York – February 6, 2026 – TPG, a leading global alternative asset management firm, today announced that it has signed definitive agreements to acquire a majority stake in Sabre Industries, Inc. (“Sabre” or the “Company”). TPG will make the investment through TPG Rise Climate, the firm’s dedicated climate investing platform. Funds managed by Blackstone Energy Transition Partners (“Blackstone”), which first invested in Sabre in 2021, will retain a significant minority stake and continue Blackstone’s partnership with the Company.

Sabre is a leading provider of highly-engineered critical infrastructure solutions for power utilities, telecom, and data centers. Founded in 1977 and headquartered in Alvarado, Texas, the Company designs, engineers, and manufactures advanced electrical transmission and distribution structures, wireless towers and associated components, integrated electrical enclosures, and related structures through a fully integrated engineering and manufacturing platform. Sabre’s utility business, its largest segment, supports the modernization and reliability of America’s electrical grid. Its integrated enclosures are increasingly used to meet the demands of large-scale data center projects, supporting the nation’s buildout of digital infrastructure. With approximately 2,800 employees and over 2.3 million square feet of purpose-built domestic manufacturing space, Sabre is trusted by leading utilities and infrastructure partners to deliver high-reliability execution for projects that modernize and strengthen the U.S. electrical grid, telecom, and data center infrastructure.

“Sabre’s platform leverages engineering, manufacturing, and technical expertise to support the mission-critical infrastructure that utility, data center and telecom companies, and their customers, count on,” said Timothy Rossetti, Chief Executive Officer and President of Sabre Industries. “TPG Rise Climate’s expertise in grid modernization, power equipment, electrification solutions, and data centers, along with their understanding of the needs facing the businesses we serve, makes them the right partner to support the continued scaling and manufacturing enhancements across all aspects of our business. We look forward to continuing the success we have achieved with Blackstone as we move ahead to strengthen America’s power and communications networks.”

“Sabre’s diverse offerings play a vital role in strengthening the infrastructure that underpins America’s rapidly changing power landscape, at a time when reliability and resilience are more critical than ever,” said Steven Mandel, Partner at TPG. “We believe there is a significant opportunity for leading equipment providers to meet rising electricity demand and modernize a grid increasingly vulnerable to extreme weather events. Sabre’s leadership in transmission and distribution, combined with its specialized enclosures for the data center market, positions the Company at the heart of these essential trends. We look forward to partnering with Tim and the Blackstone team in this next chapter.”

JP Munfa, Senior Managing Director at Blackstone, said: “During Blackstone’s investment, Sabre has advanced its longstanding position as a trusted provider of highly engineered, mission-critical solutions for the infrastructure that support our daily lives – significantly increasing production capacity in its utility segment, expanding its integrated enclosure offering into the data center sector, and growing backlog to record levels, all while maintaining the company’s longstanding track record of superior quality, customer service, and engineering certainty.  We look forward to continuing our partnership, together with Tim, the management team, and TPG, to support Sabre’s continued growth and innovation.”

The transaction is expected to close by the second quarter of 2026, subject to customary approvals and closing conditions. Terms of the transaction were not disclosed.

Latham & Watkins LLP and Kirkland & Ellis LLP served as legal counsel to TPG. Harris Williams, Jefferies, and Wells Fargo acted as financial advisors and Vinson & Elkins acted as a legal advisor to Sabre and Blackstone.

About Sabre Industries, Inc.
Sabre Industries is a leading provider of highly-engineered critical infrastructure for power utilities, data center, and telecom. Recognized for precision engineering, unrivaled quality, and elite service, Sabre delivers engineered structures mission-critical service providers can count on to power communities and connect people. For more information, please visit www.sabreindustries.com.

About TPG Rise Climate
TPG Rise Climate is the dedicated climate investing platform of TPG, a leading global alternative asset management firm. With dedicated pools of capital across private equity, transition infrastructure, and the Global South, TPG Rise Climate pursues climate-related investments that benefit from the diverse skills of TPG’s investing professionals around the world, the strategic relationships and insights developed across TPG’s broad portfolio of climate companies, and a global network of executives, advisors, and corporate partners. As part of TPG’s $31 billion global impact investing platform, TPG Rise Climate invests broadly across the climate sector, with a focus on building and scaling leading climate solutions across the following thematic areas: clean electrons, clean molecules and materials, and adaptive solutions.

About Blackstone Energy Transition Partners
Blackstone Energy Transition Partners is Blackstone’s strategy for control-oriented equity investments in energy-related businesses, with a successful long-term record, having committed over $27 billion of equity globally across a broad range of sectors within the energy industry. Our investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering more reliable, affordable and cleaner energy to meet the growing needs of the global community. In the process, we work to build stronger, larger scale enterprises, create jobs and generate lasting value for our investors, employees and all stakeholders. Further information is available at https://www.blackstone.com/our-businesses/blackstone-energy-transition-partners/.

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 LinkedIn, X (Twitter), and Instagram.

Contacts

For TPG:
Ari Cohen
media@tpg.com

For Blackstone:
Matt Anderson
Matthew.Anderson@Blackstone.com

Hallie Dewey
‍Hallie.Dewey@Blackstone.com

Jennifer Heath
‍Jennifer.Heath@Blackstone.com

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KKR to Acquire Arctos, Establishing a New Platform for Sports, GP Solutions and Secondaries in a Strategic Transaction Initially Valued at $1.4 Billion

KKR

Arctos will become a fully integrated investment unit of KKR

Transaction expected to be accretive per share across key financial metrics immediately post-closing

NEW YORK–(BUSINESS WIRE)– KKR & Co. Inc., a leading global investment firm, today announced that it has entered into a definitive agreement to acquire Arctos Partners (“Arctos”), a premier institutional investor in professional sports franchise stakes and a leader in asset management solutions for sponsors. The transaction is valued at $1.4 billion in initial consideration, including equity subject to vesting through 2033, plus up to an additional $550 million in future equity tied to both KKR share price and business-specific performance targets and vesting through 2031.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260204778743/en/

Founded by Ian Charles and Doc O’Connor in 2019 and headquartered in Dallas, Texas, Arctos is the largest institutional investor in professional sports franchises and a recognized innovator in providing strategic capital to asset management firms through structured solutions. The firm manages approximately $15 billion in Assets Under Management (“AUM”) and provides bespoke growth and liquidity solutions to sports franchises (“Arctos Sports”) and alternative asset managers (“Arctos Keystone” or “GP Solutions”).

Charles and O’Connor, Managing Partners of Arctos, said, “KKR is a preeminent global investment firm and ideally positioned to help us achieve the vision we have for Arctos. We see tremendous opportunity to better serve the sports industry and the sponsor community, but the key to that unlock is a partnership that will provide access to strategic, financial and operational resources to accelerate our existing businesses. At the same time, we will be able to leverage KKR’s broad range of products and capabilities to extend and enhance our relationships with leagues, teams, GPs and sponsors. Through this transaction, we will become an even stronger partner to the markets and investors that we serve, which has been our goal from the very beginning.”

Joe Bae and Scott Nuttall, Co-Chief Executive Officers of KKR, said, “Arctos has created a distinctive and scaled platform across sports investing and capital solutions for asset managers, and the team has extensive experience in secondaries—three areas where we see significant long-term opportunity. The team has complementary strengths, strong cultural alignment, and an entrepreneurial approach that fits well with KKR. We look forward to working together to build a platform that expands opportunities across the entire KKR ecosystem.”

Strategic Rationale
The acquisition advances KKR’s strategy to scale its platform by building and acquiring complementary businesses in large addressable markets where KKR has the ability to be a leader. Bringing Arctos into KKR will provide access to capital and capabilities that will fuel the growth of Arctos’ existing businesses while also deepening KKR’s sourcing and origination capabilities and expanding its long-duration capital base.

  • Exceptional Business and Management Team. Managing Partners Ian Charles and Doc O’Connor, supported by a 76-person team, bring decades of expertise in sports, GP solutions and secondaries. Charles is a pioneer and innovator in the secondaries space, having cofounded the first secondaries market advisory firm, Cogent Partners, and later spending over a decade at Landmark Partners, where he was a Partner and helped design and execute the firm’s private equity strategy. O’Connor brings over 40 years of experience and unparalleled relationships in the sports ecosystem, having previously served as CEO of Madison Square Garden Company, and prior to that as Managing Partner of CAA, where he built what became the world’s leading entertainment and diversified sports agency business.
  • Leadership in Sports Investing. Arctos provides KKR with a differentiated entry point into the sports franchise stakes sector, a category characterized by historical and expected long-term value appreciation and growing global demand. Arctos is the largest institutional investor in professional sports franchise stakes and the only firm approved for multiteam ownership across all five major U.S. leagues (NBA, NFL, MLB, NHL, MLS). With access to the breadth of KKR’s asset management business and product suite, Arctos will have more ways to strategically partner with teams and owners.
  • Scaled and Growing GP Solutions Platform. As a top five player in GP solutions, Arctos’ Keystone platform offers flexible, non-dilutive capital solutions for GPs across private markets. This segment of the broader manager and fund finance market has grown rapidly in recent years and continues to expand. As part of KKR, Arctos will be able to provide GPs access to a wider range of capital solutions, with greater flexibility on structure, permanence and cost of capital.
  • New Platform for Secondaries and Solutions. The private equity secondaries market saw record activity in 2025, with LP-led and GP-led volumes of approximately $226 billion, up 41% from 2024 and a compound annual growth rate of roughly 20% since 2013. Arctos’ experience and leadership provide a strong foundation and clear path for KKR to build and scale a leading secondaries and solutions business.
  • Enhanced Sourcing and Origination. Arctos meaningfully expands the reach of KKR’s proprietary origination and sourcing engine with complementary synergies across private equity, credit, infrastructure, real estate, insurance and capital markets. Utilizing these sources of capital, Arctos will also be positioned to expand its existing relationships across leagues, teams, GPs and sponsors.
  • Enhanced Wealth and Institutional Distribution. Sports and GP solutions asset classes resonate strongly with high-net-worth and mass-affluent investors. Arctos will similarly be able to grow its client base by virtue of having access to KKR’s global network, distribution and product development capabilities.
  • Expected to increase KKR’s earnings and long-duration capital base. Taking into account the transaction, perpetual and long-dated capital would represent 53% of KKR’s $759 billion of AUM.

Upon closing, Arctos’ Managing Partners Charles and O’Connor will join KKR as Partners, and Arctos’ full team and operations will become part of KKR. KKR will form a new investing business, KKR Solutions, which will be led by Charles. KKR Solutions will include Arctos’ Sports and Keystone businesses and serve as the home of a scaled multi-asset class secondaries business KKR will build over time.

“Ian Charles is one of the most experienced leaders in the secondaries space.” Bae and Nuttall added. “We have known Ian for more than a decade and have worked closely with him, including on KKR’s first structured secondaries transaction—a milestone that ultimately laid the foundation for our Health Care and Technology Growth platforms, which today manage over $17 billion of capital. With the team’s track record and history of innovation, we know Arctos is the right partner to help us build a leading franchise across sports, GP solutions and secondaries.”

Terms of the Transaction & Additional Details

KKR has agreed to acquire 100% of Arctos in a strategic transaction valued at $1.4 billion in initial consideration, including equity subject to vesting through 2033, plus up to an additional $550 million in future equity tied to both KKR share price and business-specific performance targets and vesting through 2031.

Initial consideration of $1.4 billion consists of $300 million in cash, $900 million of equity to existing Arctos shareholders (with Arctos management’s portion subject to vesting through 2030), and $200 million of additional equity to be allocated by 2028 and subject to vesting through 2033.

The transaction is expected to be accretive per share across key financial metrics immediately post-closing.

The transaction is subject to regulatory and specified sports league approvals, as well as customary closing conditions.

KKR was advised by Simpson Thacher, as legal counsel, and Kirkland & Ellis as sports counsel. Arctos was advised by Kirkland & Ellis as legal counsel. BofA Securities acted as exclusive financial advisor for Arctos.

KKR has filed an 8-K and posted an accompanying presentation on its website for KKR common stockholders and analysts entitled “KKR & Co. Inc. Acquisition of Arctos”. The presentation is accessible at the Investor Center for KKR & Co. Inc. at https://ir.kkr.com/events–presentations/.

About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About Arctos
Arctos is a private investment firm designed to catalyze growth and unlock value in complex, illiquid, and underserved markets. Founded in 2019, the firm’s investment businesses span private equity and real assets (Arctos Keystone) and premier sports franchises (Arctos Sports), delivering bespoke capital solutions, differentiated insights, and purpose-built operating capabilities to industry leaders in both markets. The firm’s innovative approach is anchored by its unique quantitative research and data science platform, Arctos Insights. Arctos has a team of more than 75 investment and operational professionals with expertise across industries, geographies, and economic cycles. The firm is headquartered in Dallas, with office locations in New York, Boston, and London. For more information, visit www.arctospartners.com or Arctos’ company page on LinkedIn.

Forward Looking Statements

This press release contains certain forward-looking statements pertaining to KKR, including with respect to the investment funds, and vehicles and accounts managed by KKR, Global Atlantic insurance companies, and Arctos. Forward-looking statements relate to expectations, estimates, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts, including with respect to KKR’s proposed acquisition of Arctos and the acquisition’s effect on our business. You can identify these forward-looking statements by the use of words such as “opportunity,” “outlook,” “believe,” “think,” “expect,” “feel,” “potential,” “continue,” “may,” “should,” “seek,” “approximately,” “predict,” “intend,” “will,” “plan,” “estimate,” “anticipate,” “visibility,” “positioned,” “path to,” “conviction,” “enables,” the negative version of these words, other comparable words or other statements that do not relate strictly to historical or factual matters. These forward-looking statements are based on KKR’s beliefs, assumptions and expectations, but these beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or within its control. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. Past performance is no guarantee of future results. All forward-looking statements speak only as of the date of this presentation. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date of this presentation except as required by law. Please see the Appendix of the accompanying presentation entitled “KKR & Co. Inc. Acquisition of Arctos” and available at the Investor Center for KKR & Co. Inc. at https://ir.kkr.com/events–presentations/ for additional important information about forward-looking statements, including the assumptions and risks concerning projections and estimates of future performance. Information about factors affecting KKR, including a description of risks that should be considered when making a decision to purchase or sell any securities of KKR, can be found in KKR & Co. Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on February 28, 2025, and its other filings with the SEC, which are available at www.sec.gov.

Investors
Craig Larson
1-877-610-4910 (U.S.) / 212-230-9410
investor-relations@kkr.com

KKR Media
Kristi Huller
212-750-8300
media@kkr.com

Arctos Media
Prosek Partners
Pro-Arctos@Prosek.com

Source: KKR & Co. Inc.

 

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KKR Forms A$600m Energy Transition Strategic Partnership with HMC

KKR

SYDNEY–(BUSINESS WIRE)– HMC Capital (ASX: HMC) and KKR, a leading global investment firm, today announced the establishment of a new strategic partnership under which KKR-managed funds will invest up to $603 million into HMC’s Energy Transition Platform (the “Platform”). The investment will introduce KKR as a strategic partner alongside HMC in the Platform’s existing 652MW operational assets and its 5.7GW BESS and wind development pipeline. KKR’s investment will support the Platform’s continued expansion, including the development of new battery storage and wind projects critical to grid reliability and Australia’s energy transition.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260205961730/en/

The investment needed to fund Australia’s energy transition is considerable, and the Platform is well-placed to bring to market its significant clean energy generation capacity to support the growing energy demand from consumer, industrial and emerging AI users over the coming decades. This transaction establishes the foundation for HMC and KKR to significantly scale the existing Platform and identify growth opportunities alongside the Platform’s experienced management team.

HMC Capital Managing Director and CEO, David Di Pilla, said “We are delighted to be working with an experienced global investor of KKR’s calibre. KKR’s investment validates the quality of the Platform we have built and sets the foundation for HMC to play a major role in Australia’s transition to net zero carbon by 2050. KKR’s capital will enable the Platform to materially grow operating capacity, cash flow and progress the strategically valuable development pipeline.”

KKR Partner and Head of KKR’s Climate Transition strategy for Asia, Neil Arora, said “As renewable generation in Australia continues to expand, the country’s energy system is at a pivotal moment. Delivering Australia’s ambition will require investment in flexible infrastructure such as battery storage to keep the grid secure and reliable. We are pleased to support HMC Capital’s leading operating platform, and by leveraging KKR’s global network, operational expertise, and deep experience across our climate, energy and infrastructure teams, we are well positioned to scale this platform and contribute meaningfully to Australia’s decarbonization objectives.”

HMC Capital Chair of Energy Transition Platform, the Hon. Julia Gillard AC, said “The introduction of KKR as a strategic partner marks a pivotal step in the Platform’s ambition to build a world class renewables business which can play a major role in helping Australia achieve its clean energy commitments. In KKR, we are delighted to have a collaborator with deep global relationships and expertise to help the Platform deliver on its goal to be a national champion of Australia’s transition to a net zero economy by 2050.”

KKR is funding this investment from its Global Climate Transition strategy. The firm has committed more than US$44 billion to climate and environmental sustainability investments since 2010 and is a leading investor in the energy transition. This marks KKR’s second Climate investment in Australia, following CleanPeak, an Australian distributed energy platform.

Other KKR Climate investments include Zenobē, a UK-based transport electrification and battery storage solutions specialist; EGC, an energy service provider in Germany; Dawsongroup, an independent asset leasing business which provides a diverse range of business-critical solutions; Avantus, a solar and solar-plus-storage developer in the US; and IGNIS P2X, an industrial decarbonisation platform in Spain.

The transaction is expected to close in mid-2026, subject to customary regulatory approvals.

About HMC Capital

HMC Capital (ASX: HMC) is an ASX-listed diversified alternative asset manager focused on high conviction investment opportunities across real estate, private equity, energy transition, digital infrastructure and private credit. We manage approximately $19bn on behalf of institutional, high net worth and retail investors. We have a highly experienced and aligned team with deep investment and operational expertise. We have significant alignment with our investors via over $1bn of balance sheet co-investments across our platforms.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Important Notice – Forward-Looking Statements

This release contains certain forward-looking statements, which may include indications of, and guidance on, future earnings, financial position and performance. Forward-looking statements, opinions and estimates provided in this release are based on assumptions and contingencies that are subject to change without notice and involve known and unknown risks, uncertainties, assumptions, contingencies and other factors, many of which are beyond the control of HMC Capital. Actual results, performance or achievements may differ materially from those expressed or implied in those statements and any projections and assumptions on which these statements are based.

No guarantee, representation or warranty, express or implied, is made as to the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns, statements or tax treatment in relation to future matters contained in this release. The forward-looking statements are based only on information available to HMC Capital as at the date of this release. Except as required by applicable laws or regulations, HMC Capital does not undertake any obligation to provide any additional or updated information or revise the forward-looking statements or other statements in this release, whether as a result of a change in expectations or assumptions, new information, future events, results or circumstances.

For more information, please contact:
HMC Capital
Jim Kelly
+61 412 549 083
jim.kelly@sodali.com

KKR
Wei Jun Ong
+65 9139 5813
weijun.ong@kkr.com

Samuel Brustad
+81 90 7094 2523
samuel.brustad@kkr.com

Source: KKR

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Media Contacts

Americas

Kristi Huller
Julia Kosygina
Liidia Liuksila
Telephone: +1 (212) 750-8300

Email: media@kkr.com

EMEA

Annabel Arthur
Miles Radcliffe-Trenner
Julia Leeger
Telephone: +44 20 7839 9800

Email: kkrpr-uk@kkr.com

Asia Pacific

Wei Jun Ong
Telephone: +65 6922 5813

Email: media@kkr.com

Investor Relations

‍Craig Larson
Telephone: +1 (877) 610-4910
Outside US: +1 (212) 230-9410
Facsimile: +1 (212) 750-0003
Email: Investor-Relations@kkr.com

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Back to Press Releases Columbus McKinnon Completes Acquisition of Kito Crosby

KKR
  • Complementary combination creates a global leader in lifting solutions with enhanced capabilities to serve customers across diverse end markets and geographies
  • Business combination with Kito Crosby expected to scale the business, deliver improved Adjusted EBITDA Margin and enhance shareholder value through the delivery of $70 million of expected net annual run rate cost synergies
  • Executive Leadership Team appointed to drive growth, margin expansion, synergy realization and net leverage reduction

CHARLOTTE, NC, February 4, 2026 – Columbus McKinnon Corporation (Nasdaq: CMCO) (“Columbus McKinnon” or the “Company”), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced today that it has completed its acquisition (the “Acquisition”) of Kito Crosby Limited (“Kito Crosby”) from funds managed by leading global investment firm, KKR.

The Company expects that the Acquisition will scale the business of the combined Company, deliver improved Adjusted EBITDA Margin and enhance shareholder value through the delivery of $70 million of expected net annual run rate cost synergies with upside from potential revenue synergies.

“This is a transformational moment for Columbus McKinnon, expanding our offerings and scale to further our vision of becoming a global leader in intelligent motion solutions for materials handling,” said David J. Wilson, President and Chief Executive Officer of Columbus McKinnon. “This transaction brings together two innovative companies with industry-leading technical expertise, customer-centric cultures and a shared vision for operational excellence to drive new levels of safety, reliability and performance for customers across the globe. We’re very excited to officially welcome Kito Crosby to our global team as we combine the best of our collective businesses and set a new standard of excellence across the industry.”

Columbus McKinnon announced on February 10, 2025, that it had entered into a definitive agreement to acquire Kito Crosby. The Acquisition was approved pursuant to 14 regulatory review processes, including clearance by the Antitrust Division of the U.S. Department of Justice under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, on January 31, 2026.

 

Executive Leadership Team

In conjunction with the closing of the Acquisition, Columbus McKinnon is announcing a new Executive Leadership Team, designed to lead the combined organization into its next phase of growth. The team will be comprised of leaders from both Columbus McKinnon and Kito Crosby, who bring deep commercial, operational and functional expertise, proven track records in the industrials sector and a rich legacy of innovation.

David Wilson will serve as President and Chief Executive Officer and Gregory Rustowicz will serve as Executive Vice President and Chief Financial Officer.  Appal Chintapalli, the Company’s current President of the Americas will be joined by Yoshio Kito, President of Asia Pacific, and Wim Fabricius, President of Europe, the Middle East & Africa, to serve as the Company’s regional business leaders.  Jon Backes and Carlo Lonardi will continue to serve in significant leadership roles within the Americas organization, President of Americas Lifting Hardware and President of Americas Hoist & Cranes, respectively, reporting to Appal Chintapalli.  These business leaders will be complemented by an exceptional set of functional leaders from both Kito Crosby and Columbus McKinnon who will round out the Executive Leadership Team.

“Built on a foundation of shared values and guided by these leaders, our team is well-positioned to deliver enhanced value for our customers and shareholders, combining the best of both organizations to accelerate innovation in material handling solutions,” added Wilson. “I’m confident that we will leverage our industry-leading expertise to deliver on our most critical initiatives, including successfully integrating our business, realizing cost synergies, generating revenue synergies and reducing our Net Leverage Ratio.”

Together, the new leadership team possesses a wealth of talent, deep industry knowledge, operational expertise and strong financial discipline. Additionally, several leaders will continue to support the Company in advisory capacities through a transition period over the next several months. The team is grateful to KKR (the former majority owner of Kito Crosby) and the Kito Crosby leadership team for successfully positioning their business for this next chapter.

 

Board of Directors

In connection with CD&R’s $800.0 million Series A cumulative convertible participating preferred share investment as part of the financing for the Acquisition, Columbus McKinnon expanded its Board of Directors from 9 directors to 12 directors and appointed Michael Lamach, Nate Sleeper and Andrew Campelli to serve on the Board of Directors.  Each of these leaders has significant experience partnering with management teams to create lasting value at a wide variety of companies, particularly in the industrials and manufacturing sectors.

 

Advisors

For Columbus McKinnon, J.P. Morgan Securities LLC is acting as the financial advisor, and DLA Piper LLP (US), Hodgson Russ LLP, Hogan Lovells US LLP and Skadden, Arps, Slate, Meagher & Flom LLP are acting as legal advisors. Evercore and Goldman Sachs & Co. LLC are acting as lead financial advisors and UBS Investment Bank is acting as financial advisor for Kito Crosby and KKR, while Kirkland & Ellis LLP and Simpson Thacher & Bartlett LLP are acting as legal advisors. Debevoise & Plimpton LLP is acting as legal advisor for CD&R, with Guggenheim Securities LLC acting as its financial advisor.

 

About Columbus McKinnon

Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically moving, lifting, positioning, and securing materials. Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how.  Comprehensive information on Columbus McKinnon is available at www.cmco.com.

 

About Kito Crosby

Kito Crosby is the global leader of the lifting and securement industry it pioneered, and for which it continues to set the quality standard. With global engineering, manufacturing, distribution, and operations, the company provides a broad range of products and solutions for the most demanding applications. Kito Crosby’s people, products, solutions, and service have innovated the lifting and securement industry for more than 260 years. Together we lift and secure the world today, for a safer, stronger, and more productive tomorrow. Our iconic brands include Kito, Crosby, Harrington, Gunnebo Industries, Peerless and eepos.

 

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements are generally identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “illustrative,” “intend,” “likely,” “may,” “opportunity,” “plan,” “possible,” “potential,” “predict,” “project,” “shall,” “should,” “target,” “will,” “would” and, in each case, their negative or other various or comparable terminology. Forward-looking statements are not based on historical facts, but instead represent our current expectations and assumptions regarding the Acquisition,  our business, the business of Kito Crosby and our combined businesses, our future and pro forma expected financial results, including regarding improvements to Adjusted EBITDA Margin, the amount of annual net run rate cost synergies that we are able to achieve in connection with the Acquisition, the economy and other future conditions, and involve known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements of Columbus McKinnon, Kito Crosby and the combined businesses to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, (1) the risk that the cost synergies and any revenue synergies from the Acquisition may not be fully realized or may take longer than anticipated to be realized, (2) disruption to the parties’ businesses as a result of the pendency of the transactions, (3) the risk that the integration of Kito Crosby’s business and operations into Columbus McKinnon will be materially delayed or will be more costly or difficult than expected, or that Columbus McKinnon is otherwise unable to successfully integrate Kito Crosby’s businesses into its own, including as a result of unexpected factors or events, (4) reputational risk and the reaction of each company’s customers, suppliers, employees or other business partners to the Acquisition, (5) the dilution caused by the issuance of perpetual convertible preferred equity to CD&R, (6) risks related to management and oversight of the expanded business and operations of Columbus McKinnon following the Acquisition due to the increased size and complexity of its business, and (7) general competitive, economic, political and market conditions and other factors that may affect future results of Columbus McKinnon, Kito Crosby or the combined businesses. These risks also include, but are not limited to, the risk factors that are described under the section titled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended March 31, 2025 and our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025, as well as in our other filings with the Securities and Exchange Commission, which are available on its website at www.sec.gov. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date they are made. Columbus McKinnon undertakes no duty to update publicly any such forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law, regulation or other competent legal authority.

 

Contact

Kristine Moser
VP IR and Treasurer
Columbus McKinnon Corporation
704-322-2488
kristy.moser@cmco.com

 

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CapMan Buyout exits PDSVISION to Bridgepoint and Polaris Private Equity

Capman

CapMan Buyout XI Fund has reached an agreement to sell its holdings in PDSVISION, a leading solution provider for product design, systems engineering, simulation, and product lifecycle management, to a consortium consisting of the private equity firms Bridgepoint and Polaris Private Equity.

CapMan Buyout invested in PDSVISION in 2020, as the first investment of the XI fund, partnering closely with founder and management to support accelerated growth and expansion of the group. During CapMan’s ownership, PDSVISION has moved from being a primarily Nordic-focused business into a truly global player with operations in 15 countries and more than 75% of the business now coming outside of Nordics. The company has experienced a period of exceptional growth and development with revenues growing more than fivefold to SEK 1.7 billion through a combination of strong organic growth and strategic add-on acquisitions, while maintaining solid profitability. Additionally, PDSVISION has added new strategic capabilities and deepened relationships with key software partners, positioning the group well to continue its growth journey and deliver even greater value to its global customer base of product development and manufacturing companies.

“We are proud and grateful for the opportunity to have supported PDSVISION and its management team through a period of strong development and progress. Together, we have achieved what we set out to do when partnering in 2020 – executing on organic and structural growth opportunities while building a stronger, more scalable business with a solid foundation for the future. We are pleased that the company will be supported by its new majority owners in Bridgepoint and Polaris, who are strong partners to support the company in its next phase of development. We thank founder Johan Klingvall and the entire PDSVISION team for their excellent collaboration,” says Robin Westberg, Partner at CapMan Buyout

“The past five years have been a transformative period for PDSVISION as we evolved from a Nordic organisation into a truly global business. CapMan’s support during this phase has contributed to strengthening our foundation and accelerating our international growth. I’m grateful for CapMan’s support and excited for what we can achieve with Bridgepoint and Polaris as our new partners,” says Johan Klingvall, Chairman and Founder of PDSVISION.

“CapMan has been a highly valued partner throughout this journey, contributing to our expansion and helping us build stronger capabilities across the organisation. We appreciate their commitment and collaboration; the foundation established during our partnership positions PDSVISION well for continued growth and the next chapter of our development,” adds Mats Oretorp, CEO of PDSVISION.

The closing of the transaction is subject to customary conditions and regulatory approvals. It is expected to be completed in H1 2026.

CapMan Buyout and PDSVISION thank its financing partner CORDET that has supported the company’s accelerated M&A agenda.

CapMan Buyout was advised by Jefferies (exclusive Financial Advisor), Lindahl (Legal), McKinsey & Company (Commercial), and Alvarez & Marsal (Financial & Tax).

For more information, please contact:

Robin Westberg, Partner, CapMan Buyout, + 46 72 583 81 66

Antti Karppinen, Managing Partner, CapMan Buyout, + 358 50 534 0614

Johan Klingvall, Chairman and founder, PDSVISION, +46 76 636 55 00

Mats Oretorp, CEO, PDSVISION, +46 70 611 19 32

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.1 billion euros in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our investment strategies cover real estate and infrastructure assets, real asset debt, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com

About PDSVISION

PDSVISION is a global digital engineering leader specializing in digital transformation, product development, manufacturing, and product lifecycle management. With a strong presence in 15 countries and a dedicated team of over 500 employees, PDSVISION delivers innovative solutions that drive efficiency and growth for its clients. By leveraging cutting-edge technologies and a customer-centric approach, PDSVISION helps organizations optimize their digital data, reduce costs, and achieve tangible business outcomes. Committed to excellence and innovation, PDSVISION is the preferred partner for businesses navigating the complexities of the digital age. www.pdsvision.com

About Bridgepoint

Bridgepoint Group is one of the world’s leading mid-market investors, specialising in private equity, infrastructure, credit and private wealth. With over $86 billion of assets under management and a strong local presence in Europe, North America and Asia, we combine global scale with local market insight and sector expertise, consistently delivering strong returns through cycles.

About Polaris

Polaris is a Nordic investment company headquartered in Copenhagen, investing in and supporting established medium-sized companies across the Nordics. Since 1998, we have built a strong presence across three strategies; Polaris Private Equity, Polaris Flexible Capital and Polaris Public Equity, and have secured capital commitments of more than EUR 2 billion.

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KKR-Led Consortium with Singtel Group to Fully Acquire ST Telemedia Global Data Centres at S$13.8 Billion Enterprise Value

KKR

Marks one of the largest digital infrastructure transactions in Southeast Asia

SINGAPORE–(BUSINESS WIRE)– Global investment firm KKR, Asia’s leading communications technology group Singtel, and ST Telemedia today announced the signing of definitive agreements under which funds managed by KKR and Singtel (together, the “Consortium”) will acquire the remaining 82% stake in ST Telemedia Global Data Centres (“STT GDC” or the “Company”), a leading data centre colocation services provider, from founding shareholder ST Telemedia for a total consideration of S$6.6 billion (approximately US$5.1 billion). This represents an implied enterprise value of approximately S$13.8 billion (approximately US$10.9 billion), including leverage and capital expenditure for committed projects.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260202441025/en/

Upon completion, KKR and Singtel will own stakes of 75% and 25% respectively in the Company, taking into account the conversion of existing redeemable preference shares that both KKR and Singtel hold in the Company.

The Consortium first invested S$1.75 billion (approximately US$1.3 billion) in STT GDC through preference shares and warrants in what marked the largest digital infrastructure investment in Southeast Asia in 2024. Since then, the Company has grown its pipeline from 1.4GW in 2024 to over 1.7GW.

Established in 2014 by ST Telemedia and headquartered in Singapore, STT GDC is one of the world’s fastest-growing and most diversified data centre platforms with 2.3GW of design capacity across 12 major markets in Asia Pacific and United Kingdom and Europe. It provides critical services including high-quality colocation, connectivity and round-the-clock support services. As demand for AI and cloud services continues to accelerate, it is fuelling the need for new data centres to drive resource-intensive workloads.

David Luboff, Co-Head of KKR Asia Pacific and Head of Asia Pacific Infrastructure at KKR, said, “Digital infrastructure remains one of the most compelling long-term investment themes globally as cloud computing and data-rich applications continue to reshape how data is created, stored, and processed. STT GDC is well-positioned within this landscape, with a diversified footprint, strong development pipeline and a leadership team with a clear vision for global scale. This transaction represents a rare opportunity to further support a high-quality platform and deepen our strategic partnership with Singtel. We look forward to deploying KKR’s global network and deep digital infrastructure expertise to help STT GDC accelerate its next phase of sustainable, international growth.”

Arthur Lang, Group Chief Financial Officer of Singtel, said, “This acquisition is a significant step towards scaling our new growth engine in digital infrastructure as mapped out in our Singtel28 growth plan. STT GDC’s diverse geographical footprint increases our exposure to new markets and makes the Singtel Group a stronger data centre player with global reach. We appreciate ST Telemedia’s stewardship of the company and are confident that its seasoned leadership team will continue to scale the solid platform they have built. When added to our portfolio of data centre assets that includes Nxera in which KKR is also a capital partner, it meaningfully changes the business complexion of the Group while creating new opportunities for capital optimisation and growth. We will continue to exercise discipline in capital allocation and evaluate capital recycling alternatives to fund growth and maintain balance‑sheet efficiency. Our dividend and growth plans under Singtel28 remain intact.”

Stephen Miller, President & Group CEO of ST Telemedia, said, “ST Telemedia established STT GDC 12 years ago to pioneer one of Asia Pacific’s leading data centre platforms, combined with an equally strong position in the United Kingdom and Europe through VIRTUS. We are proud of STT GDC’s market leadership and the exceptional value creation achieved by the team over that period. As the data centre sector has fundamentally shifted, its exponential trajectory now requires a different scale of capital and specialised focus for STT GDC’s next exciting phase of continued growth. As a long-term, strategic shareholder, we have steadfastly supported STT GDC’s development and transformation. This transaction demonstrates our strategic stewardship while ensuring STT GDC’s ongoing sustainable growth with an optimal partner. Finally, we extend our deep gratitude to the STT GDC management and staff for their outstanding execution and dedication over the past 12 years.”

Bruno Lopez, President & Group CEO of STT GDC, said, “Today’s announcement marks an exciting new chapter in STT GDC’s journey, building on the strong foundations established over the past 12 years. We appreciate the pivotal role of ST Telemedia in nurturing and guiding the business to the breadth and scale it is today. This expanded investment from KKR and Singtel underscores their confidence in the quality of STT GDC’s business and its growth trajectory and will further accelerate our mission to deliver the critical infrastructure powering tomorrow’s digital economy. With the consortium’s global expertise, regional networks, financial strength and, most importantly, our shared ambition, STT GDC is poised to scale rapidly and capture the next wave of significant growth in cloud and AI demand. Coupled with our proven leadership and exceptional teams across all markets, STT GDC is well-positioned to shape the future of sustainable digital infrastructure and continue delivering value to our customers, partners and employees.”

The transaction is expected to close by early second half of 2026, subject to customary closing conditions, including regulatory approvals.

Consortium Background:

KKR is making this investment predominantly from its Asia Pacific infrastructure strategy. This marks KKR’s latest digital infrastructure investment in Southeast Asia and globally. Past investments in this region have included: Nxera, a Singapore-headquartered data centre platform serving Asia Pacific; Pinnacle Towers, a digital infrastructure platform in Asia with a focus on the Philippines; and OMS Group, a neutral subsea telecommunications cable services provider. Globally, KKR’s data centre investments have included: CyrusOne, a global data center owner and operator and Global Technical Realty, a data center platform with a focus on Europe and the UK, among others. KKR’s Asia Pacific infrastructure platform has grown to approximately US$16 billion (approximately S$20 billion) in assets under management since it was established in 2019, as of September 30, 2025.

Singtel Group is a leading provider of connectivity, digital services and digital infrastructure, with data centres a critical part of the business. In September 2023, KKR acquired a 20% stake in Nxera. The operational capacity of Nxera’s data centres in Southeast Asia is expected to more than double from over 200MW in 2026 to over 400MW in the mid-term. These data centres together with the Group’s extensive regional terrestrial fibre network, subsea cable network spanning more than 195,000 km across 30 countries, Paragon orchestration platform and RE:AI AI cloud service, form the core portfolio of its Digital InfraCo unit. This transaction is not expected to have an impact on Singtel’s credit rating and dividend policy.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries.

For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About Singtel Group

Singtel Group is a leading Asian communications technology group, operating next-generation connectivity, digital infrastructure and digital businesses including regional data centre arm Nxera and regional IT services arm NCS. The Group has presence in Asia, Australia and Africa and reaches over 820 million mobile customers in 20 countries.

For consumers, Singtel delivers a complete and integrated suite of services, including mobile, broadband and TV. For enterprises, Singtel offers a complementary array of workforce mobility solutions, data hosting, cloud, network infrastructure, analytics and cyber security capabilities.

Singtel is dedicated to continuous innovation, harnessing technology to create new and exciting customer experiences, support enterprises in their digital transformation and shape a more sustainable, digital future.

For more information, visit www.singtel.com.

About ST Telemedia

ST Telemedia (STT) is a Singapore-headquartered strategic investor specialising in Communications, Data Centres and Infrastructure Technology businesses globally. Its vision is to build leading digital services and infrastructure platforms that facilitate business growth and help societies advance. Since commencing operations in 1994, STT has demonstrated a strong track record of building and growing its portfolio companies into market leaders in both developed and high-growth markets. STT is represented in 15 countries across Asia, Europe and the US.

For more information, visit https://www.sttelemedia.com/

About ST Telemedia Global Data Centres

ST Telemedia Global Data Centres (STT GDC) is one of the fastest-growing data centre providers with a global platform serving as a cornerstone of the digital ecosystem that helps the world to connect. Powering a sustainable digital future, STT GDC operates across Singapore, the UK, Germany, India, Thailand, South Korea, Indonesia, Japan, the Philippines, Malaysia and Vietnam, providing businesses an exceptional foundation that is built for their growth anywhere.

For more information, visit www.sttelemediagdc.com

Media Contacts

For KKR:
Wei Jun Ong
+65 9139 5813
weijun.ong@kkr.com

For Singtel:
Lian Pek
+65 9488 2696
lianpek@singtel.com

For ST Telemedia:
Stephen Miller
stephen_miller@sttelemedia.com

For ST Telemedia Global Data Centres:
Chow Yi
+65 9784 6406
yi.chow@sttelemediagdc.com

Source: KKR

 

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Ondal Medical Systems to acquire Völker Video- und Datentechnik GmbH

Hünfeld, Germany – 3rd February 2026 – Ondal Medical Systems GmbH (“Ondal”), a portfolio company of IK Partners (“IK”), has signed an agreement to acquire Völker Video- und Datentechnik GmbH (“Völker”), a founder-led specialist in high-definition and ultra-high definition (4K) video solutions for medical applications with a focus on cameras for surgical lights.

The acquisition marks the third add-on in Ondal’s buy-and-build strategy during IK’s ownership and represents an important step in broadening its offering beyond medical suspension systems, while further strengthening its position as a technology partner to leading MedTech Original Equipment Manufacturers (“OEMs”) and hospital integrators. Video solutions for medical applications, particularly surgical light systems, represent a highly complementary segment, supported by the growing need to document surgical procedures as well as the increasing importance of live training, remote collaboration and minimally invasive procedures. Völker founder Thomas Völker will remain with the business of Ondal Group, demonstrating his strong commitment to the long-term development of the combined platform.

The combination will enable Ondal to accelerate the development and scaling of this new segment by leveraging (i) an increasing share of wallet with complementary customers, including major MedTech OEMs and (ii) Völker’s electronics expertise in low-latency image processing, including capabilities relevant for 3D image representation in applications such as surgery, diagnostic, microscopy or endoscopy.

Dr. Markus Schneider, CEO of Ondal Medical Systems, commented: “The acquisition of Völker is a significant milestone for Ondal as we expand into video solutions for medical applications, a segment with clear clinical relevance and attractive long-term demand drivers. Völker’s technology and electronics expertise are highly complementary to Ondal’s platform, including its customer relationships and we look forward to working together to accelerate innovation and scale the offering globally.”

Thomas Völker, CEO / Founder of Völker, added: “I am very pleased to have found a strong and highly synergetic long-term home for Völker. Together with the Ondal team, we will build on our shared technological strengths, further develop our medical video solutions and actively shape the next phase of growth for the combined group.”

About Ondal Medical Systems

Ondal is a globally leading original design manufacturer of medical suspension systems for operating rooms, intensive care units and diagnostic environments, serving a blue-chip customer base of MedTech OEMs and hospital integrators.

About Völker Video- und Datentechnik GmbH

Völker is a founder-led specialist in high-definition and ultra-high definition (4K) video solutions for multiple medical applications with focus on cameras for surgical lights, serving a blue-chip customer base of MedTech OEMs.

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