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CapMan Natural Capital and S-Bank’s forest fund agree on a 6,500-hectare forest portfolio transaction

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CapMan Natural Capital and S-Bank’s forest fund agree on a 6,500-hectare forest portfolio transaction

A forest fund managed by CapMan Natural Capital, CapMan Dasos European Forest Fund IV, has acquired a forest portfolio of approximately 6,500 hectares in Finland from a forest fund managed by S-Bank. The acquired forests are located in the regions of Kainuu and North Karelia.

The acquired forest portfolio is an excellent fit for the investment strategy of CapMan Dasos European Forest Fund IV, both in terms of its location and characteristics. The fund aims to generate long-term value by actively and sustainably managing European forest assets while delivering measurable climate and biodiversity benefits.

“We would like to thank S-Bank for a smooth transaction process. We are pleased to continue the active development and value creation of a professionally managed forest portfolio,” says Sami Veijalainen, Partner at CapMan Natural Capital.

“The transaction process with CapMan Natural Capital progressed very smoothly and in a constructive spirit. For S-Bank Forest Special Investment Fund, it is important that the assets transition to a capable and responsible owner that develops forest assets professionally and with a long-term perspective. The transaction supports the fund’s investment strategy and the structured development of the overall portfolio,” says Timo Hakulinen, Fund Manager of S-Bank Forest Special Investment Fund.

This is the first investment from the CapMan Dasos European Forest Fund IV. The fund held its first close in December 2025 and continues both fundraising and investment activities.

For more information, please contact:

Sami Veijalainen, Partner, CapMan Natural Capital, +358 40 516 5794

About CapMan Natural Capital

CapMan Natural Capital is a specialist natural capital asset manager focused on sustainable forestry investments across Europe. The team acquires and actively manages forest and land assets with the objective of delivering long-term risk-adjusted returns alongside measurable environmental outcomes, including climate change mitigation and biodiversity enhancement. CapMan Natural Capital is part of CapMan Plc, formed after acquisition of Dasos Capital in 2024.

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.2 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.

Categories: News

EQT makes infrastructure more accessible to individual investors across Europe – introduces new ELTIF evergreen fund

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EQT Nexus ELTIF Infrastructure - Hero 1

  • EQT launches a European Long-Term Investment Fund structure for the Nexus Infrastructure evergreen strategy – further broadening access to private markets for eligible individuals and institutions across the EU and EEA
  • EQT Nexus ELTIF Infrastructure aims to provide exposure to EQT’s global infrastructure platform, spanning digital infrastructure, energy & environmental, transportation & logistics, and social infrastructure
  • The new fund marks an important step in the evolution of EQT’s Global Wealth Solutions platform, enabling a broadened investor base and new distribution partnerships in key growth markets

ELTIF 2.0. (“ELTIF”) is a European Union legislative regime for a regulated fund structure designed to channel capital into long-term, illiquid asset classes, such as infrastructure, private equity and real estate. The ELTIF framework expands access to private markets for the non-professional investor category, increasing coverage across the EU and EEA. EQT Nexus ELTIF Infrastructure (the “Fund”) is offered at a lower minimum investment threshold than traditional private asset structures and will be available via third-party distributors and intermediaries, including private banks and wealth platforms.

EQT Nexus ELTIF Infrastructure is an extension of EQT’s existing Nexus Infrastructure evergreen strategy. The Fund can give individual investors and institutions exposure to similar deal flow and value-creation opportunities as institutional investors in EQT’s closed-ended infrastructure funds.

The Fund will invest across EQT’s platform of Value-Add, Active Core and Transition Infrastructure funds as well as the newly launched AI Infrastructure strategy. These strategies invest in essential services to society across distinct and complementary stages of company development and themes within the digital, energy & environmental, transport & logistics, and social infrastructure sectors.

EQT’s infrastructure platform has built robust infrastructure businesses for nearly 20 years, managing EUR 78[1] billion in assets across Europe, North America and Asia Pacific, supported by a team of 155 investment professionals. The Fund launches with a seed portfolio with exposure to around 50 portfolio companies aiming to provide investors with diversification from day one. Subscriptions start in May 2026.

Peter Beske Nielsen, Global Head of Wealth Solutions at EQT, said: “Infrastructure is the backbone of resilient societies – and for investors, it can offer a combination of long-term capital appreciation, resilient downside protection and an inflation hedge. The launch of EQT Nexus ELTIF Infrastructure marks an important step in the evolution of EQT’s wealth solutions platform – enabling new distribution partnerships and reaching client segments that remain underallocated to private markets.”

The launch of EQT Nexus ELTIF Infrastructure, follows the introduction of its ELTIF Private Equity equivalent in September 2025. Today, EQT’s evergreen platform includes seven evergreen solutions spanning private equity, infrastructure and real estate, available to eligible individual investors and institutions across Europe, Asia Pacific and the Americas.

Contact
EQT Press Office, press@eqtpartners.com

 

[1] As of December 2025

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About EQT

EQT is a purpose-driven global investment organization with EUR 269 billion in total assets under management (EUR 142 billion in fee-generating assets under management) as of 31 March 2026, within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

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

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ARCHIMED Diagnostics, along with minority investor La Caisse, acquires Stago, a global leader in blood coagulation analysis

LaCaisse
  • Working with Stago management, ARCHIMED aims to expand sales and profits by building on gold-standard products in both developed and developing nations

ARCHIMED Diagnostics – the Diagnostics team of global private equity healthcare specialist ARCHIMED – has purchased alongside global investment group La Caisse (formerly CDPQ), Stago, a world leader for the analysis of blood coagulation issues (hemostasis). Stago develops and manufactures hemostasis equipment and reagents. It has unique expertise and a track record of innovation in this specialty.

Stago is held through ARCHIMED’s MED Platform II fund and was purchased from the founding Viret family by the Diagnostics team through an unspecified mix of equity and unitranche debt. Stago sells its products in 115 countries and posted revenues of €550 million in 2025. Based in Asnières-sur-Seine (greater Paris), Stago was founded in 1945 and is the only pure-play hemostasis analysis company in the world. Stago’s leadership team is taking a minority stake as part of the deal.

“In addition to financial muscle, ARCHIMED and La Caisse have the operational sophistication and discretion to help us grow at a pivotal moment in our company’s history,” says incumbent Stago CEO Jean‑Claude Piel, who retires from his post, becoming Chief of the Scientific and Technology Monitoring Committee. “ARCHIMED’s diagnostics expertise is key for accelerating the efficient rollout of a major, new generation of Stago products,” says Philippe Barroux, Stago’s CEO-elect. Barroux, a 38‑year Stago veteran, is currently CEO of operations in North America and China. “This partnership is all about reigniting innovation at Stago.”

ARCHIMED has made a total of eight diagnostics acquisitions, exiting two: Diesse, which became a pioneer in the development of cutting-edge systems for diagnosing inflammatory diseases and immune disorders in partnership with ARCHIMED; and Eurolyser, a point-of-care testing specialist, which saw profits rise more than two-fold and sales growth accelerate from the high single-digits to 25 percent annually during three years of ARCHIMED ownership.

“Our aim is to provide Stago with the resources it needs to accelerate global growth and to reinforce its leading position as a pure player with unrivalled expertise,” says ARCHIMED Managing Partner Vincent Guillaumot. “Stago has a pipeline of innovative products that should allow its revenues and profits to grow well above industry averages,” adds ARCHIMED Partner Antoine Faguer.

“Stago is a recognized leader in blood coagulation analysis, operating in a segment we know well, and serving a mission-critical role in medical diagnostics. Our investment alongside ARCHIMED reflects the value we place on partnerships and businesses with strong fundamentals,” said Martin Longchamps, Executive Vice-President and Head of Private Equity and Private Credit at La Caisse.

Working closely with Stago management, ARCHIMED will deploy its MedValue template – ARCHIMED’s levers for accelerating the growth of partnering companies via internationalization (often including bolt-on acquisitions), innovation and product range expansion.

Diagnostics is a primary investment sector for ARCHIMED, and one of the seven major sectors mapped through ARCHIMED’s MedSeg, its proprietary sector analysis tool covering 430 sub-segments of the global health industry. For the acquisition of Stago, ARCHIMED also deployed MedDiscover, a proprietary set of tools and processes permitting ARCHIMED to identify and effectively engage with leading companies operating in ARCHIMED’s prioritized sub‑sectors.

Stago is MED Platform II’s 10th investment. All of MED Platform II’s investments have been first-time leveraged buyouts for the companies acquired. MED Platform II, more than two times oversubscribed, closed on €3.5 billion in June, 2023. According to Preqin data, the fund is a top quartile performer for its vintage year as are all ARCHIMED funds. After the Stago transaction, MED Platform II is some 70 percent invested.

ABOUT ARCHIMED

www.archimed.group – With offices in Europe, North America and Asia, ARCHIMED is a leading investment firm focused exclusively on healthcare industries. Its mix of operational, medical, scientific and financial expertise allows ARCHIMED to serve as both a strategic and financial partner to healthcare businesses. Prioritized areas of focus include Animal & Environmental Health, Biopharma Products, Consumer Health, Diagnostics, Healthcare IT, Life Science Tools & Services, and MedTech. ARCHIMED helps partners internationalize, acquire, innovate and expand their products and services. ARCHIMED manages €9 billion across its various funds. Since inception, ARCHIMED has been a committed Impact investor, both directly and through its EURÊKA Foundation.

ABOUT LA CAISSE

At La Caisse, formerly CDPQ, we have invested for 60 years with a dual mandate: generate optimal long-term returns for our 48 depositors, who represent over 6 million Quebecers, and contribute to Québec’s economic development.

As a global investment group, we’re active in the major financial markets, private equity, infrastructure, real estate and private credit. As at December 31, 2025, La Caisse’s net assets totalled CAD 517 billion. For more information, visit lacaisse.com or consult our LinkedIn or Instagram pages.

La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries.

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Ares Acquires Stake in Rover Pipeline from Blackstone Energy Transition Partners to Serve Growing Energy Demand Centers Across North America

Blackstone

NEW YORK – April 29, 2026 – Ares Management Corporation (NYSE: ARES), a leading global alternative investment manager, announced today that funds led by its Infrastructure Opportunities strategy (“Ares”) have acquired a 32.4% stake in the Rover Pipeline (“Rover”) from funds managed by Blackstone Energy Transition Partners (“Blackstone”).

Rover is a large-scale natural gas transmission pipeline that provides critical connectivity from the Appalachian Basin to high-value end markets across North America. The asset’s footprint spans approximately 700 miles across Pennsylvania, West Virginia, Ohio and Michigan, with transportation capacity of 3.425 Bcf/d that is substantially contracted under long-term agreements with high-quality counterparties. Blackstone acquired its interest in Rover in 2017, supporting the pipeline’s development and completion in 2018. The asset is operated by an affiliate of Energy Transfer LP, a leading North American midstream energy company.

The transaction further diversifies Ares Infrastructure Opportunities’ portfolio of critical energy infrastructure assets and enhances its ability to support the long-term, reliable supply of cost-competitive energy to high-growth markets in North America. Ares Infrastructure Opportunities expects to help further advance Rover’s essential role in providing long-haul takeaway capacity from the Appalachian Basin, the largest natural gas-producing region in the United States, to demand centers nationwide.

“Large-scale, strategically located assets like Rover, which offer much-needed egress for in-basin supply, are playing a central role in the natural gas value chain and represent a compelling opportunity for expansion,” said Anthony Omokha, Managing Director in Ares Infrastructure Opportunities. “Sitting at the intersection of three of the most powerful trends reshaping North American energy markets – the unprecedented growth in U.S. power demand, rising global need for American LNG and the reshoring of domestic manufacturing – we believe that Rover is well positioned to deliver value over the long term.”

“We are proud to have supported the development and construction of Rover, which delivers affordable, reliable, American natural gas to key Midwestern markets,” said David Foley, Global Head of Blackstone Energy Transition Partners. “As the need for U.S. natural gas continues to grow – driven by electrification, AI-related power generation and LNG exports – assets like Rover play an increasingly important role in connecting domestic supply to demand markets. We also thank Energy Transfer for their partnership and the strong, reliable management of Rover during our investment.”

Kirkland & Ellis acted as legal counsel to Ares in connection with the transaction. RBC Capital Markets and Greenhill & Co., a Mizuho affiliate, served as financial advisors and Vinson & Elkins acted as legal counsel to Blackstone.

About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders’ long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2025, Ares Management Corporation’s global platform had nearly $623 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.

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/.

Media Contacts

Ares
Jacob Silber | Brennan O’Toole
media@aresmgmt.com

Blackstone
Jennifer Heath
Jennifer.Heath@Blackstone.com

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Hg doubles down on Teamworks as a leading AI platform for elite sports

HG Capital

DURHAM, N.C. – April 28, 2026 – Teamworks, The Operating System for Sports™ powering more than 7,000 elite sports organizations globally, today announced a significant growth investment led by Hg, a leading investor in technology, data and services businesses, more than doubling Hg’s total investment in Teamworks to $200 million. This latest growth investment, which includes participation from global asset manager AllianceBernstein, moves Teamworks’ valuation to above $1.5B and represents a material increase from the company’s previously achieved valuation.

The investment comes as Teamworks deepens its focus on making sports organizations smarter by connecting data, context, and decision-making across every layer of the organization. Alongside its investment, Hg brings significant operational resources to support AI development, including their AI product incubation program, Hg Catalyst, and other proprietary AI and data platforms used to rapidly deploy AI capabilities across 60+ technology and services companies. The partnership fast-tracks Teamworks’ progress embedding advanced AI across its platform, further cementing its position as the leader in sports technology.

“When we built Teamworks, the vision was always bigger than communication software. It was about giving elite organizations an operating system that connects every department and powers objective decision-making across sports organizations,” said Zach Maurides, CEO and Founder of Teamworks. “This investment, and the partnership with Hg, confirms that we are executing on that vision. We are investing aggressively in AI and data infrastructure, and making the right acquisitions to build the most intelligent operating system in sports.”

“Teamworks is exceptionally well positioned at the intersection of sports, data, and AI. We believe the next phase of value creation will come from embedding AI deeply into core workflows to drive faster, smarter decision-making,” said Stef Raiola, Director at Hg. “Teamworks is a category-defining business. We’re excited to partner with Zach and the team to support their continued growth, product innovation, and global expansion.”

This growth investment, a combination of primary and secondary, accelerates Teamworks’ strategic priorities: expanding its world-class data science and AI team, deepening its proprietary sports data infrastructure, and continuing a disciplined M&A strategy that adds data and intelligence capabilities across sports verticals. Acquisitions, including Zelus Analytics, Telemetry Sports, Sportlogiq, and most recently the enterprise business of Pro Football Focus (PFF) reflect the company’s commitment to owning a vertically integrated tech stack across every sport.

Teamworks is the preferred technology partner for 100% of NFL, NHL, and Premier League teams, 90% of MLB, 87% of NBA, 83% of MLS teams, 99% of DI NCAA athletic departments, and 65+ Olympic federations across 24 countries.

About Teamworks

Teamworks is the leading operating system for elite sports, trusted by more than 7,000 organizations worldwide. The company combines enterprise SaaS software with proprietary data and advanced analytics to deliver intelligent products that power player evaluation, game strategy, performance development, and daily operations. By unifying workflows, video, and trusted data sources into a single AI-driven platform, Teamworks serves as both the technology backbone and the intelligence engine for modern sports organizations.

Founded in 2004, Teamworks has expanded its data and AI capabilities through strategic acquisitions including Zelus Analytics, Telemetry Sports, Sportlogiq, and the enterprise business of Pro Football Focus (PFF).

About Hg

Hg is an investor in European and transatlantic technology and services businesses. We are an AI leader in private equity, helping to build sector-leading enterprises that supply critical applications or workflow services to deliver intelligent automation for their customers. We take an active approach to value creation, combining deep end-market knowledge with world class operational resources to support entrepreneurial leaders looking to scale and drive AI transformation. With a vast European network and strong presence across North America, Hg has c.$110 billion in assets under management and more than 400 employees. Our portfolio spans around 60 businesses worth over $195 billion in aggregate enterprise value, employing more than 130,000 people and consistently growing revenues at more than 18% annually.

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Kyotherm Accelerates its Global Decarbonization Strategy with the Acquisition of 155 MW Operational Portfolio

InfraVia

Kyotherm, a leading investment platform specializing in renewable heat and energy efficiency, today announces a major expansion of its global footprint through the acquisition of a 155 MW operational portfolio from SDCL Efficiency Income Trust (SEIT). The transaction, valued at approximately €120 million, marks a transformative step in Kyotherm’s journey to lead the industrial and building decarbonization market.

Strategic Value & Global Reach

This acquisition integrates 11 high-quality contracted, fully operational projects across six key markets: the United States, the United Kingdom, Ireland, Portugal, Sweden, and Singapore. By acquiring this diversified portfolio, Kyotherm creates value through:
– Innovative financing structure: the acquisition is financed by a long-term debt facility demonstrating Kyotherm’s ability to raise structured debt against long-term cash flows
– Scale and presence: the transaction brings Kyotherm’s total consolidated capacity to 414 MW, reinforcing its ability to finance and manage complex, multi-jurisdictional infrastructure at scale
– Asset Management: the assets span biomass, geothermal, cogeneration, and energy savings, aligning with Kyotherm’s long-standing experience in decarbonization solutions
– Cash flow & resilience: all projects are backed by long-term contracts with a diversified base of blue-chip industrial and commercial end-customers

A Platform for Accelerated Growth

Since November 2024, InfraVia has been supporting Kyotherm to accelerate its investments dedicated to financing renewable heat and energy efficiency projects across Europe and North America. This brownfield acquisition complements the firm’s historic expertise in greenfield project structuring, providing a balanced and diversified risk profile.

“This transaction is more than just an increase in capacity; it is a testament to our ability to execute complex, international transactions that provide decarbonization impact. We are strengthening our international footprint to better serve our global partners with long-term, reliable financing solutions. We are building a scaled, world-class platform capable of deploying substantial investment to meet the urgent demand for energy efficiency and decarbonization“, said Arnaud Susplugas, CEO of Kyotherm.

“Since InfraVia’s investment in 2024, Kyotherm has continued to develop its portfolio, this acquisition is a significant step in Kyotherm’s journey. We would like to congratulate the Kyotherm team for delivering this complex and value-add acquisition and innovative financing structure that further supports the build-up of a global platform in renewable heat and energy efficiency”, added Aymar de Tracy, Partner at InfraVia.

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PRESS CONTACTS

InfraVia
Antoine Denry | TADDEO
antoine.denry@taddeo.fr
+33 (0) 6 18 07 83 27

Clémence Midière | Taddeo
clemence.midiere@taddeo.fr|
+33 (0) 6 46 76 70 22

Gwenaëlle Boucly
InfraVia Communication Director
gboucly@infraviacapital.com
+33 (0) 6 80 57 33

Kyotherm
Jean Baron
Business Developer
+33 (0)6 69 14 68 15
jean.baron@kyotherm.com

Rémi Cuer
Head of Business Development
+33 (0)6 14 23 36 74
remi.cuer@kyotherm.com 

Categories: News

Chord Music Partners Prices $500 Million ABS Backed by Diversified Music Catalog

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Notes Backed by Diversified Music Catalog; Transaction Receives A Ratings from KBRA and S&P Global Ratings

NEW YORK, April 27, 2026 — Chord Music Partners, a leading global music investment platform managed by Dundee Partners in partnership with Universal Music Group (UMG), the world leader in music-based entertainment, today announced the pricing of $500 million of Series 2026-1 senior notes (the “Notes”), secured by a diversified portfolio of music publishing and recorded music assets. The Notes are expected to be issued by Canon Music Issuer Trust, which is intended to serve as Chord’s long-term financing vehicle, and priced at a yield of 5.560% and a spread of 160 basis points, marking the tightest-ever pricing for a music royalty ABS to date.

The Notes are backed by royalties from a catalog of more than 3,750 musical compositions and master recordings spanning a wide range of genres and vintages, with works from globally recognized artists and songwriters.

The Notes have received A ratings from Kroll Bond Rating Agency (KBRA) and S&P Global Ratings. The catalog supporting the transaction has been valued at approximately $830 million by an independent third-party valuation agent, reflecting the scale, diversification, and long-term cash flow profile of the underlying assets.

The offering is collateralized by a mix of publishing and recorded music rights, with approximately 34% of recent cash flows derived from publishing royalties and 66% from sound recordings. The catalog is diversified across artists, genres, and release periods, with a weighted average age of approximately 10 years.

Sam Hendel, Co-Founder of Chord Music Partners and Dundee Partners Managing Principal, said: “This transaction reflects the strength of Chord’s high-quality music investment platform and the continued demand for music rights as long-term assets with differentiated and largely uncorrelated cash flow characteristics. We are proud to manage a diversified portfolio of music assets supported by iconic artists, songwriters and recordings, and we remain focused on building lasting value across the Chord platform.”

Apollo Managing Director Paul Sipio said, “Universal Music Group and Dundee Partners have built Chord with a differentiated portfolio that combines the scale and stability of the world’s largest music company with a contemporary artist roster generating durable, growing royalty streams. Pricing at the tightest spread ever achieved for a music royalty ABS speaks to the quality of those assets, and we are committed to serving as a long-term, flexible capital partner as this program continues to grow alongside Chord’s business.”

Universal Music Investments, Inc., a wholly owned subsidiary of Universal Music Group, serves as manager of the transaction, with UMG providing related administration, distribution and operational support for the underlying music assets.

Apollo Global Securities, LLC and ATLAS SP Securities acted as joint bookrunners for the transaction, and Redding Ridge Asset Management, an Apollo affiliate, served as structuring agent. Fifth Third Securities and MUFG Securities served as joint bookrunners. The Bank of New York Mellon serves as trustee and calculation agent.

About Chord Music Partners
Chord Music Partners is a leading independent global music rights platform, formed through a strategic partnership between Dundee Partners and Universal Music Group (UMG), the world-leader in music-based entertainment. Chord combines long-term institutional capital with global operational scale, creative partnership and active rights management to build and manage a growing portfolio of high-quality music intellectual property. The platform includes works by some of the most influential artists and songwriters in music, with a focus on culturally relevant, high-performing rights across genres, eras and geographies. Chord’s music publishing rights are administered through UMG’s Universal Music Publishing Group (UMPG), with recorded music managed by UMG’s Virgin Music Group (VMG).

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 December 31, 2025, Apollo had approximately $938 billion of assets under management. To learn more, please visit www.apollo.com.

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Apollo Funds to Acquire Forvia’s Automotive Interiors Business

Apollo logo

Transaction to Establish Leading Global Automotive Interiors Supplier as Standalone Company

NEW YORK, April 27, 2026 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds (the “Apollo Funds”) have agreed to acquire the Interiors Business Group of Forvia (“Interiors Business” or the “Company”), a leading global supplier of automotive interior systems, from Forvia SE (EPA: FRVIA) in a carve-out transaction.

The Interiors Business is one of the world’s leading suppliers of automotive interior products including instrument panels, door panels and center consoles, and serves a diversified base of leading global automotive original equipment manufacturers (OEMs). With a global manufacturing and engineering footprint across Europe, North America and Asia, the Company is deeply embedded across a wide range of large-scale vehicle programs and plays an important role in delivering integrated, advanced interior products tailor-made for automotive OEM customers.

Michael Reiss, Private Equity Partner at Apollo, said, “The automotive interiors industry is evolving rapidly as manufacturers increasingly differentiate their vehicles through cabin design, premium materials and new technologies. As an independent company with dedicated leadership and resources, Forvia’s Interiors Business will be well positioned to capitalize on these trends and deliver even greater value to its OEM partners worldwide.”

Claudia Scarico, Private Equity Partner at Apollo, said, “Forvia’s Interiors Business is a well-established supplier in the international automotive supply chain with a global manufacturing footprint and the ability to engineer complex, high quality vehicle interior products at scale. Drawing upon Apollo’s extensive investment experience in the automotive sector and in executing complex carve outs, we are a strong partner to reinforce the company’s leadership position globally. We look forward to supporting the transition to an independent company with a strong strategic focus and foundation for long-term growth.”

Martin Fischer, Chief Executive Officer of Forvia, said: “The Transaction project announced today reflects the strength and leadership of Forvia Interiors, as well as the expertise and commitment of its teams. It highlights the Business Group’s solid industrial base, market positioning and value creation potential. I would like to thank all Interiors employees for their contribution. We believe Apollo has the experience and capabilities to support the Interiors Business Group in its next phase of growth.”

Apollo’s private equity business has a long and successful track record of transforming businesses spanning more than 35 years, including significant experience in the automotive sector. Apollo Funds’ current portfolio of global automotive investments includes Tenneco, TI Automotive and Panasonic Automotive.

The transaction is subject to satisfaction of certain closing conditions, including regulatory approvals and information or consultation of the employee representative bodies, and is expected to close in the second half of 2026.

Kirkland & Ellis LLP served as legal counsel on the transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel in connection with the financing of the transaction. UBS AG and UniCredit served as financial advisors.

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 December 31, 2025, Apollo had approximately $938 billion of assets under management. To learn more, please visit www.apollo.com.

About Forvia
FORVIA, a global automotive technology supplier, comprises the complementary technology and industrial strengths of Faurecia and HELLA. With over 137,500 people, including more than 12,000 R&D engineers across 40+ countries, FORVIA provides a unique and comprehensive approach to the automotive challenges of today and tomorrow. Composed of 6 business groups and a strong IP portfolio of over 12,000 patents, FORVIA is focused on becoming the preferred innovation and integration partner for OEMs worldwide. In 2025, the Group achieved a consolidated revenue of 26.2 billion euros. FORVIA SE is listed on the Euronext Paris market under the FRVIA mnemonic code and is a component of the CAC SBT 1.5° indice. FORVIA aims to be a change maker committed to foreseeing and making the mobility transformation happen. www.forvia.com

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

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

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Apollo Funds to Acquire 40% Interest in Pembina Gas Infrastructure

Apollo logo

Strategic Transaction to Support One of Canada’s Largest Natural Gas Processing Platforms in Next Phase of Growth

NEW YORK and CALGARY, Alberta, April 23, 2026 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds (“Apollo Funds”) have agreed to acquire a 40% stake in Pembina Gas Infrastructure Inc. (“PGI” or the “Company”), a premier gas processing entity in Western Canada, from funds managed by KKR. Pembina Pipeline Corporation (“Pembina”) (TSX: PPL; NYSE: PBA), which operates and manages PGI’s facilities, will maintain its 60% stake in the Company and the existing governance structure will remain unchanged upon closing.

Since its formation as a joint venture between Pembina and KKR in 2022, PGI has grown into one of the largest independent gas processing platforms in Western Canada, with a combined processing capacity of approximately five billion cubic feet per day. PGI currently operates 23 gas processing plants, approximately 3,900 kilometers of gathering pipelines and approximately 330,000 barrels per day of NGL extraction capacity. With connectivity to major gas transmission networks in the region, the Company is strategically positioned to serve its blue-chip customer base throughout the Montney and Duvernay trends, from central Alberta to northeast British Columbia.

“PGI is a premier Canadian platform strategically situated at the inlet of the Global Industrial Renaissance, with assets supporting industrial end markets that underpin the energy security of North American economies,” said Scott Browning, Partner at Apollo. “We see a compelling opportunity to grow the business alongside these tailwinds, with the potential to deploy capital into attractive development projects alongside one of the world’s leading midstream operators.”

“Having established PGI as a leading gas processing platform in Western Canada, we remain focused on continuing to grow the business and deliver for our customers,” said Heather Christie-Burns, President and Chief Executive Officer of PGI. “Apollo’s expertise in infrastructure and long-term orientation make it an ideal partner for this next phase and we thank KKR for their strategic partnership in building PGI into the platform it is today. We remain focused on progressing our growth strategy for the benefit of our customers, our partners and the communities we serve.”

Scott Burrows, President and Chief Executive Officer of Pembina, said: “PGI is a cornerstone of Pembina’s integrated midstream platform and a critical piece of Western Canadian energy infrastructure. We welcome Apollo as a new partner and look forward to building on the strong foundation that KKR helped establish since the platform’s formation. Pembina remains fully committed to the operational leadership and strategic direction of PGI, and we are excited to continue growing the platform alongside a like-minded, long-term investor.”

“We have long believed in Canada as a compelling market to invest in and develop critical energy infrastructure. When we formed PGI with Pembina, we saw a clear opportunity to build a leading gas processing platform to serve the region’s growing demand,” said Paul Workman, Managing Director at KKR. “The PGI management team’s disciplined execution and Pembina’s stewardship were instrumental in realizing that vision. We are proud of the platform PGI has become and wish the team continued success as the business enters its next phase.”

The transaction is expected to close by the end of the second quarter of 2026, subject to satisfaction of customary closing conditions.

Bennett Jones LLP, Vinson & Elkins LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to the Apollo Funds, and BMO Capital Markets and RBC Capital Markets served as financial advisors.

Simpson Thacher & Bartlett LLP and Torys LLP served as legal counsel to KKR. Scotiabank served as financial advisor to KKR.

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 December 31, 2025, Apollo had approximately $938 billion of assets under management. To learn more, please visit www.apollo.com.

About Pembina Gas Infrastructure

Pembina Gas Infrastructure is a premier gas processing entity in Western Canada with a combined capacity of five billion cubic feet per day. PGI is strategically positioned to serve customers throughout the Montney and Duvernay trends from central Alberta to northeast British Columbia, operating 23 gas processing plants, approximately 3,900 kilometers of gathering pipelines, and approximately 330,000 barrels per day of NGL extraction capacity. PGI is jointly owned by Pembina Pipeline Corporation (60%), which operates and manages its facilities, and KKR’s global infrastructure funds (40%). For more information, visit www.PGIMidstream.com.

About Pembina

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America’s energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities. For more information, please visit www.pembina.com.

Contacts

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

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

Pembina
Investor Relations
(403) 231-3156
1-855-880-7404
investor-relations@pembina.com

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Vertical Bridge Announces $1.5 billion Strategic Equity Investment from KKR

KKR

DELRAY BEACH, Fla. & NEW YORK–(BUSINESS WIRE)– Vertical Bridge REIT, LLC (“Vertical Bridge” or the “Company”), the largest private owner and operator of communications infrastructure in the United States, and leading global investment firm KKR today announced that KKR will make a $1.5 billion equity investment in the Company to support its future growth.

The addition of KKR as a new investor establishes a fully funded, long‑term capital structure that supports Vertical Bridge’s strategic plan and reinforces the Company’s position as a permanent owner and operator of a nationwide portfolio of more than 17,000 towers.

“This transaction provides us with the resources to continue developing our portfolio at scale while maintaining our disciplined, returns-focused approach to capital deployment,” said Ron Bizick, President and CEO of Vertical Bridge. “We are pleased to have KKR as an experienced, long‑term investor as we expand our platform, advance organic development, and selectively pursue M&A opportunities that strengthen our portfolio, while continuing to deliver the agile, customer‑focused approach that defines Vertical Bridge.”

“The convergence of 5G densification, edge compute, and surging data demand is creating a structural need for more and better located wireless infrastructure,” said Waldemar Szlezak, Global Head of Digital Infrastructure at KKR. “Vertical Bridge has built a scaled, high-quality tower platform with a strong track record of execution and a differentiated, partnership-oriented approach, all underpinned by a best-in-class management team. This investment builds upon KKR’s foundation as a leading investor in mission-critical digital infrastructure, and we look forward to supporting the company’s next phase of growth.”

To date, KKR has invested more than $40 billion in equity in digital infrastructure globally. This investment builds on KKR’s existing tower portfolio including Vantage Towers in Europe and Pinnacle Towers in the Philippines, and on past investments such as Telxius and Hivory Towers. KKR is funding its investment primarily through its core infrastructure strategy.

Vertical Bridge’s existing sponsors, DigitalBridge and La Caisse, also participated in the equity investment and remain committed long‑term partners to the Company.

“DigitalBridge is proud to continue supporting Vertical Bridge alongside our long‑standing investment partner La Caisse and now KKR,” said Marc Ganzi, CEO of DigitalBridge. “Vertical Bridge’s disciplined growth strategy, operational excellence, and focus on partnership have consistently positioned the company to meet increasing demand for communications infrastructure. We remain confident in the platform and committed to supporting the team as they continue to scale.”

“Vertical Bridge has experienced phenomenal growth these last few years both organically and through acquisitions, reaching a high level of scale and operating maturity,” said Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure and Sustainability at La Caisse. “Since our initial investment alongside DigitalBridge, the company has consistently executed through market cycles, and the addition of a strategic partner like KKR reinforces a capital base built for the long term and aligned with the needs of critical connectivity infrastructure.”

Advisors and Financial Sponsors

Centerview Partners LLC served as exclusive financial advisor to Vertical Bridge, and Simpson Thacher & Bartlett LLP served as Vertical Bridge’s legal advisor. Barclays and Houlihan Lokey served as financial advisors to KKR, and Kirkland & Ellis LLP served as KKR’s legal advisor.

About Vertical Bridge

Vertical Bridge REIT, LLC, is the largest private owner and operator of wireless communications infrastructure in the United States and has a nationwide portfolio of over 17,000 towers. The company provides build-to-suit and colocation solutions to the telecommunications industry.

In 2020, Vertical Bridge became the first tower company in the world to achieve the CarbonNeutral® company certified status and has been recertified every year since. For more information, please visit www.verticalbridge.com.

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 DigitalBridge

DigitalBridge (NYSE: DBRG) is a leading global alternative asset manager dedicated to investing in digital infrastructure. With a heritage of more than 30 years investing in and operating businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells, and edge infrastructure, DigitalBridge manages infrastructure assets on behalf of its limited partners and shareholders. The firm is headquartered in Boca Raton, Florida, with offices across North America, Europe, the Middle East, and Asia. For more information, visit www.digitalbridge.com.

About La Caisse

At La Caisse, formerly CDPQ, we have been investing for 60 years with a dual mandate: generate optimal long-term returns for our 48 depositors, who represent over 6 million Quebecers, and contribute to Québec’s economic development.

As a global investment group, we are active in the major financial markets, private equity, infrastructure, real estate, and private credit. As at December 31, 2025, La Caisse’s net assets totaled CA$517 billion. For more information, visit lacaisse.com or consult our LinkedIn or Instagram pages.

La Caisse is a registered trademark of La Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries.

Media:
Vertical Bridge REIT, LLC
JSA
1-866-695-3629
jsa_vb@jsa.net

KKR
Liidia Liuksila
Media@KKR.com

DigitalBridge
Joele Frank, Wilkinson Brimmer Katcher
1-212-355-4449
dbrg-jf@joelefrank.com

La Caisse
Conrad Harrington
1-514-847-5493
charrington@lacaisse.com

Source: KKR

 

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