Category Archives: News

CapMan Real Estate and PensionDanmark have entered into co-operation to develop major residential project in Rødovre, Greater Copenhagen

Capman

CapMan Real Estate and PensionDanmark have entered into co-operation to develop major residential project in Rødovre, Greater Copenhagen

CapMan Real Estate and PensionDanmark have jointly entered into a major residential development project in Rødovre, located in close proximity to Copenhagen. The project consists of approximately 42,500 sqm and will be developed and constructed over a six-year period, creating a new modern residential neighbourhood in central Rødovre and supporting the municipality’s ambitious development plans near Rødovre City Hall and Rødovre Centrum.

The project consists of five separate land plots, acquired from Rødovre Municipality with around 500 residential apartments and retail units to be developed. The properties are expected to be constructed in three phases. They will be constructed by renowned family-owned construction company A. Enggaard A/S, who will also undertake the construction of a new Civic Center next to Rødovre City Hall.

“This project has been under active planning for the past 18 months, and we are pleased to now initiate the development of the first two land plots together with PensionDanmark, Rødovre Municipality and A. Enggaard A/S. We see this as the most attractive development area in Rødovre Municipality given its ideal location near Damhussøen, Rødovre Centrum and Rødovre City Hall. This is an opportunity to complete the transformation of the Gartnerbyen area into a vibrant and attractive new residential neighbourhood which will also benefit from directly overlooking a new green park and green promenade that will connect the whole neighbourhood,” says Hasse Wulff, Head of Transactions at CapMan Real Estate Denmark.

“Gartnerbyen is evolving into a vibrant, green neighbourhood with inviting recreational spaces and an attractive urban environment featuring cafés and shops. We are excited to help expand this unique area in Rødovre with new homes, where community and urban life is already beginning to take shape. Over many years, PensionDanmark has built strong expertise in developing high‑quality residential areas that create long‑term value for both local communities and our members’ pension saving,” says Torben Modvig, director of real estate at PensionDanmark.

Currently, the area consists mainly of older light industrial buildings and office properties. Over the coming years, the team together with A. Enggaard will lead the planning and transformation of the site into a modern residential neighbourhood with recreational areas and high-quality public spaces, including cafés and local amenities. Adjacent to the development, Rødovre’s upcoming municipal Civic Center will serve as the municipality’s new administrative hub, bringing key public services closer to residents and strengthening the area’s connectivity.

The development is designed to support long-term sustainability, with the objective of aligning the project with EU Taxonomy criteria (7.1).

The transaction marks the first joint-project between CapMan Real Estate and PensionDanmark.

For more information, please contact:

Hasse Wulff, Head of Transactions, CapMan Real Estate Denmark, +45 4013 0433

Cecilie Idun Andersen, Communication Consultant, PensionDanmark, +45 3193 0573

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 PensionDanmark

PensionDanmark is a labor market pension fund and among the 50 largest pension funds in Europe. PensionDanmark manages pension schemes, healthcare programme and educational funds on behalf of 847,600 members and 22,400 businesses within the Danish private and public sector. PensionDanmark is not-for-profit and owned by our members. As a result, all profits go to our members. Contributions totaled EUR 2.3bn in 2024. Total assets is now EUR 50.4bn.

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CapMan Real Estate and Scandic complete full refurbishment of historic Hotel Laajavuori

Capman

CapMan Real Estate and Scandic complete full refurbishment of historic Hotel Laajavuori

CapMan Real Estate and Scandic have completed an extensive refurbishment of the historic Hotel Laajavuori in Jyväskylä, Finland. The renovation project was delivered as planned, and the hotel’s final 117 newly upgraded rooms are now ready to welcome guests just ahead of the busiest winter holiday season.

The first phase of the renovation, which began in spring 2025, was completed last summer. This stage included the refurbishment of the hotel’s public areas, from the lobby and restaurant to its meeting and event facilities, as well as some of the guest rooms. With the completion of the second phase, the remaining rooms have now been renovated to meet modern standards of comfort, energy efficiency and usability.

The refurbishment of the protected hotel, originally constructed between 1969 and 1974, has been carried out with great respect for the building’s original spirit. Behind its concrete façade, guests will find a warm and atmospheric interior where the colour palette and materials of the era blend seamlessly with a contemporary hotel concept. The refurbished rooms emphasise comfort, elegance and sustainability, while adjustable in-room cooling further enhances the guest experience.

As part of the renovation, the building’s technical systems were comprehensively upgraded, significantly reducing the hotel’s environmental footprint. A new ventilation system and 71 geothermal wells installed on the property have markedly improved the building’s energy performance, raising its energy rating from class E to class B. Estimated annual savings in heating energy amount to approximately 1,500 megawatt hours, equivalent to the yearly heating needs of around 70–100 detached houses. Following the renovation, all of the hotel’s energy use is now completely carbon dioxide emission-free.

“Hotel Laajavuori is an architecturally and culturally significant property, and it was important for us to carry out the refurbishment in a way that preserves the building’s identity while also meeting the demands of the future. The renovation strengthens the hotel’s competitiveness for years to come and supports our objectives of sustainable value creation,” says Elias Salla, Asset Manager at CapMan Real Estate responsible for the property.

Guests will be able to stay in the refurbished rooms from Monday 2 February. In addition, the hotel will open its doors to residents of Jyväskylä on Friday and Saturday 6–7 February, offering guided tours and an opening weekend programme for visitors of all ages.

The property is part of the CapMan Hotels II fund portfolio.

For more information:

Elias Salla, Asset Manager, CapMan Real Estate, +358 44 301 0098

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.

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Bain Capital Reaches Agreement with CVC Capital Partners for the Acquisition of FineToday Holdings

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TOKYO – February 2, 2026 – Bain Capital, a leading global private investment firm, February 2, announced that it has entered into a definitive agreement with Oriental Beauty Holding(HK) Limited, a fund advised by CVC Capital Partners plc (“CVC”), for the acquisition of all shares of FineToday Holdings Co., Ltd. (“FineToday”). FineToday is a market leading personal care and beauty company with a strong portfolio of brands, many of them household names, including hair care products TSUBAKI, fino and recently launched +tmr, skin care brands SENKA and uno, and body care labels, Ag DEO 24 and KUYURA. FineToday has a strong presence in Japan and an expanded footprint across key Asian markets, including China and Southeast Asia.

Bain Capital, CVC, and FineToday have each stated the following.

Naofumi Nishi, a Partner at Bain Capital, said:
“We are pleased to support the continued growth of FineToday, which has established a strong presence in the personal beauty care market and earned broad consumer support across Japan and Asia. Building on FineToday’s strong product development capabilities and the brand platform developed with the support of CVC, Bain Capital will leverage its experience and expertise in the retail and consumer sectors to accelerate growth across Japan, Asia, and other global markets.”

Atsushi Akaike, a Managing Partner at CVC and Co-Head of CVC Japan said: 
“In 2021, we worked closely with Shiseido for several years on the highly complex spin-off of its Personal Care business. Since becoming independent, the company has consistently achieved solid annual sales and profit growth of around 10%, even amid the ongoing challenges of the COVID-19 pandemic. We express our heartfelt gratitude and respect for the work of the management team and employees, as well as to Shiseido for its constant warm support, in establishing a solid position as an independent company that successfully passed the Tokyo Stock Exchange listing review.
At CVC, we take great pride in having provided comprehensive support to build strong foundations at FineToday and secure its growth trajectory, creating an outstanding enterprise together with Tetsuo Komori and his team. Although we were temporarily compelled to postpone the IPO due to geopolitical factors in the macro-environment, we hold strong expectations and confidence that, under Bain Capital, the company will achieve its IPO within a few years and subsequently achieve further growth as a Japan-based pan-Asian enterprise. We will continue to offer our wholehearted support as the company moves forward.”

Tetsuo Komori, CEO of FineToday, said:
“We would like to express our sincere appreciation to CVC, which has been a dedicated and valued partner since its investment in our business in 2021. Together, we have built FineToday, carved out from Shiseido, into a well-established leading daily beauty product company, encompassing R&D, manufacturing, marketing and sales. We are also delighted to welcome Bain Capital as a new shareholder and strategic partner. This transaction represents a strong endorsement of FineToday’s business platform, growth potential and track record of performance, and reflects Bain Capital’s strong confidence in our ability to deliver sustainable long-term corporate value.”

Bain Capital has extensive experience of supporting businesses in the retail and consumer goods sectors, including retailers such as YORK Holdings and Kirindo, as well as brands such as MASH Holdings, Snow Peak, and Canada Goose. Leveraging full use of this experience and expertise, Bain Capital will support FineToday’s sustainable growth from multiple angles, working closely with Bain Capital’s teams across our global platform, in partnership with management and employees.

Bain Capital’s financial advisor is Nomura Securities Co.,Ltd., and its legal advisors are Anderson Mori & Tomotsune and Ropes & Gray LLP.

About Bain Capital
Bain Capital is an international investment firm that creates a lasting impact on and for investors, teams, businesses, and communities. Since our foundation in 1984, Bain Capital has leveraged insight and experience to achieve intrinsic growth in several investment areas, including private equity, credit, public equity, venture capital, real estate, life sciences, insurance, and other strategic focus areas. We have 24 offices on 4 continents, over 1,950 employees, with approximately US$ 215 billion in assets under management.
To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

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The Goodlife Group Announces Strategic Minority Investment From Apollo Funds

Apollo logo

Investment will provide increased capital to accelerate long-term strategy and growth 

Founder David “Patch” Patchell-Evans will remain Chairman, and Jeff van Haeren to continue as President and CEO of the Company

LONDON, ON — Feb. 02, 2026 — The GoodLife Group (“Company”), Canada’s leading fitness company, today announced that it has secured a strategic minority investment led by Apollo-managed funds and affiliates associated with its hybrid strategies to accelerate the Company’s ambitious growth plans.

Founded in Canada and headquartered in London, Ontario, the GoodLife Group operates more than 400 conveniently-located clubs and serves 1.5 million members nationwide, making it one of the world’s largest fitness companies. The investment by Apollo funds will provide capital to advance the Company’s long-term strategy and enhance its leadership position in the fitness market, while continuing to improve member and employee experiences.

“People in Canada are focusing on their physical and mental well-being more than ever, and the GoodLife Group recognizes the important role that we play in helping them achieve their goals,” said Jeff van Haeren, President and CEO, GoodLife Group. “This investment will bolster GoodLife as the leading fitness company in the country, and we could not ask for a better partner in Apollo. Our incredible leadership team and employees across all our brands are ready for growth and excited about the next phase of our company.”

“The GoodLife Group is an iconic, market-leading fitness company with a clear purpose and a strong track record of helping people live healthier lives,” said Apollo Managing Director Talaal Azeem. “Patch and his longstanding leadership team have built an exceptional business over decades, and we believe Apollo’s flexible, partnership-driven capital can enable the Company to deliver on its long-term strategy and commitment to making a positive impact through fitness.”

“From the very beginning, I’ve believed in fitness as a force for transforming lives — and we see that vision realized every day in GoodLife Group gyms across Canada,” said David “Patch” Patchell-Evans, Founder and Owner of the GoodLife Group. “The GoodLife Group creates positive social change by empowering individuals and communities to lead healthier, more active lives. Given its deep experience with founder-led companies, we believe this investment from the Apollo Funds will enable us to build on nearly 50 years of success and accelerate our next chapter of growth.”

The transaction is subject to customary regulatory approvals and closing conditions.

Guggenheim Securities acted as financial advisor to the GoodLife Group. Jefferies served as financial advisor to Apollo. McMillan LLP served as legal counsel to the GoodLife Group, while Paul, Weiss, Rifkind, Wharton & Garrison LLP and Blake, Cassels & Graydon LLP acted as legal advisors to Apollo.

About The GoodLife Group
Founded in 1979, the GoodLife Group is a proudly Canadian private company owned by David “Patch” Patchell‑Evans. For nearly five decades, the organization has been dedicated to helping people in Canada live fit and healthy lives. Today, the GoodLife Group is the largest fitness operator in Canada, with 13,000 employees, 1.5 million members, and over 400 locations. Its brands include GoodLife Fitness, Fit4Less, GYMVMT, Éconofitness, and canfitpro. The GoodLife Group is deeply committed to creating meaningful change in communities across the country. Through the GoodLife Kids Foundation and more than $50 million in charitable contributions, the organization is a global leader in corporate social responsibility—advancing autism support, medical research and care, and initiatives that inspire healthier futures for all.

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.

Contacts

The GoodLife Group

John Gardiner
Executive Communications & Collaboration Manager
(647) 391-6839
media@goodlifegroup.ca

Krista Maling
SVP, Organizational Development & Stakeholder Relations
(226) 374-5409
media@goodlifegroup.ca

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

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East Capital and Nordecon Sign Contract for Construction of First Phase of Park Rae, Estonia’s Largest Logistics Park

East Capital

Several leading Estonian construction companies participated in the tender for the first phase of the construction of Park Rae, which is set to become one of the largest logistics and light industrial parks in the Baltics. The tender was organised by East Capital Real Estate AS, the third largest property manager in the Baltics, who selected Nordecon AS as the winner.

On 2 February, East Capital Park Rae and Nordecon signed a contract to build the first building of the 130,000 m² logistics and light industry park, planned for the 30-hectare site in Rae Municipality, near Tallinn, at Pähklimäe road 11.T The cost of the construction contract, which covers the construction of the first building and accompanying outdoor areas, is 15.8 million euros.

Park Rae is situated in an exceptional location for logistics – only a 15-minute drive from Tallinn`s city centre, in Rae Parish, with excellent access to the Tallinn ring road and the Tartu highway.

In the first phase, a 32,000 m² building will be constructed, of which approximately 1,200 m² will comprise office space that can be expanded according to tenants’ needs. The building permit has been obtained, and work will begin as soon as the working design is completed, aiming for spring 2026 with an ambitious target move-in date in first half of 2027.

Tanel Tamme, Head of Design and Construction at East Capital Park Rae, says, “The project aims to set a new standard in the market, both in terms of quality and innovative solutions. We are focusing not just on the development of commercial space, but on offering a comprehensive solution that combines logistics and light industry buildings with office space, as well as recreation areas. Our goal is to create a space that embodies the idea of ‘Designed for people. Built for tomorrow’ – a place where companies can create a comprehensive working environment by combining logistics and production with high-quality, modern office space that meets the standard of offices in central Tallinn, but at a more flexible price.”

Deniss Berman, Member of the Management Board of Nordecon:
“We are pleased to be working with the East Capital Real Estate team and to contribute to the development of a new logistics and industrial park that will set a new quality benchmark for the entire region. One of Nordecon’s key strengths is the construction of functionally well-thought-out business environments, and the first phase of the Park Rae project enables us to apply our previous experience to the fullest. Our objective is to create a sustainable, high-quality and long-lasting environment that delivers genuine value to both the developer and future users.”

Nordecon’s main activity is general contracting in construction and design. The company has extensive experience in the construction of buildings for various purposes, including commercial and retail buildings, apartment buildings, and public buildings. Nordecon’s strength lies in complex and technically demanding projects, through which the company contributes to the creation of higher quality, safer, and more sustainable public spaces throughout Estonia.

According to Martin Otsa, Investment Manager at East Capital Real Estate, Nordecon’s bid best met the criteria for the construction project. “The entire construction process will focus on sustainability and innovation, with great attention paid to energy efficiency, the use of sustainable materials, innovative design, and smart solutions that support employee well-being. The goal is to achieve LEED Platinum green certification, which has not yet been awarded to any logistics park in the Baltics. This will be an important step forward, setting the tone for the implementation of environmentally friendly solutions in the logistics sector.”

The 2024 architectural competition for the construction of the logistics park was also an innovative step for the logistics sector. The competition was won by the architectural company DAGOpen with their “EASTWOOD” submission. Other project participants include studio Argus, responsible for interior design solutions; Projektibüroo, playing a key role in general design; Inseneribüroo Telora, performing owner supervision; and Certify, advising on LEED certification matters.

The Park Rae development is a valuable addition to East Capital’s portfolio, strengthening the company’s position in the Baltic commercial real estate market. The project will also contribute to the local economic development of Rae Parish, creating new jobs and enhancing the business environment in the region.

Contact Information

Martin Otsa, Head of Investments, East Capital Real Estate
martin.otsa@eastcapital.com

Jessica Scott, Chief Marketing and Communications Officer, East Capital Group
mediaenquiries@eastcapital.com

 

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Bain Capital and FREO Group Announce Sale of Estel Building in Barcelona

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Estel Building Barcelona

ONDON and BARCELONA — January 30, 2026 – Bain Capital, a leading global private investment firm, and FREO Group (FREO), an international investment and management firm, today announced the sale of the Estel Building located in central Barcelona to InmoCaixa, the real estate subsidiary of CriteriaCaixa.

The transaction, the largest in terms of value for a single property in the Barcelona office market to date, successfully completes the renovation and transformation of one of the city’s most iconic assets.

Since acquiring the building in 2021, Bain Capital and FREO have carried out a comprehensive renovation plan for the property, which included as its main aspects the structural renovation of the asset, creating single tenant floors of more than 5,000 sqm, various commercial premises, and numerous number of amenities for tenant use, including, highlighting a large auditorium with capacity for more than 300 people, a gym and two canteens, as well as a communal garden courtyard and a roof top with 360-degree views of the city of Barcelona.

The Estel Building, located at the intersection of Avenida Roma and Carrer de Mallorca, has a a gross leasable area of 52,000 sqm. Today, the building is over 93 percent leased to a mix of international technology and innovation tenants, AstraZeneca as the anchor tenant. It holds LEED and WELL Platinum certifications, along with WiredScore and SmartScore Platinum ratings.

This investment is part of Bain Capital’s Europe Real Estate strategy, which focuses on developing and repositioning high-quality assets in markets with limited supply. This transaction is also aligned with FREO Group’s approach

“The fundamental transformation of Estel represents our commitment to delivering best-in class assets, meeting ever increasing tenant demand, through local management and operational precision,” said Rafael Coste Campos, a Partner at Bain Capital. “We’re proud to have delivered a high-quality, sustainability-led asset, with our partners at FREO. This asset demonstrates our ability to deliver fundamental value to our investors through differentiated off-market sourcing, heavy CAPEX program, successful leasing and optimized exit, navigating a complex market environment.”

“This sale is the outcome of a full-cycle investment built on vision, partnership, and performance,” said Francisco Bello, an Operating Partner at Bain Capital. “We continue to see opportunity in high-barrier European markets where repositioning and thematic investment can unlock durable value.”

“At FREO Group, we are adding this major project to our track record of asset repositioning projects in Europe, generating significant value for the cities where they are located, the surrounding area and its residents, as well as for the tenants themselves, providing them with properties of the highest quality and services, and always committed to sustainability and technology,” said Jorge Gutiérrez, Managing Director of FREO Group.

Advisors
Bain Capital and FREO Group enlisted the architectural firm BCA for the design and project management, with Savills advising on the commercial aspects of the transaction and the firm Cuatrecasas for legal and tax advice.

ENDS

About Bain Capital
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, portfolio companies, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 1,900 employees, and approximately $215 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

About FREO Group
Established in 1996, FREO Group is an independent international investor, developer and manager of high-quality real estate. From 13 offices in Germany, the United Kingdom, France, Italy, Spain, Switzerland, Luxembourg and the USA, FREO has worked on more than 50 projects totaling in excess of 2 million square meters. Further information is available at www.freogroup.com.

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Transaction between EQT and Eutelsat to carve out satellite ground infrastructure into SatPort Infrastructure will not proceed

eqt

The EQT Infrastructure VI fund (“EQT Infrastructure”) confirms that the contemplated transaction announced on 9 August 2024 will not proceed. EQT Infrastructure had agreed to acquire a majority stake in Eutelsat Group’s Ground Station Infrastructure Business through a newly created portfolio company, SatPort Infrastructure. As part of the transaction, Eutelsat had agreed to reinvest to own 20% of SatPort Infrastructure.

The transaction will not proceed due to conditions precedent to closing not being satisfied. EQT Infrastructure remains fully committed to the growth of its portfolio company SatPort Infrastructure and will continue to invest in and develop the platform as a standalone business. SatPort Infrastructure will continue to pursue its strategy of building a resilient, secure and scalable satellite ground infrastructure platform, serving a broad range of satellite operators, governments and enterprise customers.

Without the closing of this transaction, EQT Infrastructure VI is expected to be 60-65 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication).

Contact

EQT Press Office

press@eqtpartners.com

About EQT

EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of more than three decades of developing companies across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has €‌​​270​‌ billion in total assets under management (€141​‌ billion in fee-generating assets under management) as of 31 December 2025, within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in more than 25 countries across Europe, Asia and the Americas and has more than 1,900 employees.

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

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Carlyle to sell Iwasaki Electric to Stanley Electric

Carlyle

Tokyo, Japan – 29 January 2026 – Global investment firm Carlyle (NASDAQ: CG) today announced that it has agreed to sell Iwasaki Electric Co. Ltd. (“Iwasaki”), a leading Japanese provider of light sources, lighting fixtures, optical and environmental equipment, and related solutions, to Stanley Electric Co. Ltd. (“Stanley Electric”), a Japanese manufacturer primarily engaged in automotive equipment, electronic components, and applied electronic products. The transaction, which is subject to regulatory approvals, is expected to close by April 2026.

Carlyle acquired Iwasaki in 2023 and has since worked closely with management to drive sustainable, long-term growth and strengthen the company’s position in its two core businesses: Lighting Solutions and Applied Optics and Environment Solutions.

This was achieved through reorganizing Iwasaki’s manufacturing footprint, including production sites and the consolidation of subsidiaries, to enable tighter integration between manufacturing and sales. These initiatives helped establish a highly competitive organizational structure that supported the company’s transition from a legacy High Intensity Discharge (“HID”) lamp–based business model to an LED business, as the industry accelerated its shift towards LED. In addition, the business’ shift from a product-centric business model to a solution-centric model was accelerated by positioning Connected Smart Lighting (“CSL”), which enables remote lighting control, as a key driver, to meet the growing market opportunity. This includes industrial light sources and irradiation systems utilizing diverse optical technologies for applications such as curing, sterilization, and heating. This resulted in the business delivering integrated and higher value-add products and solutions that are essential to social and industrial development, including decarbonization, energy efficiency and disaster prevention and mitigation.

Yoshitake Ito, President and CEO, Iwasaki, said: “Our partnership with Carlyle has played an important role in Iwasaki’s growth by enabling manufacturing footprint reorganizations and delivering growth initiatives. We would like to thank the Carlyle team for their support and collaboration and for all that we have accomplished together. We are pleased to enter our next phase of growth with Stanley Electric and are excited to unlock new opportunities by leveraging our complementary capabilities and shared vision.”

Taiji Isono, a Managing Director in the Carlyle Japan advisory team, said: “We are delighted to have supported Iwasaki through a period of significant growth, working closely with President and CEO Yoshitake Ito and the management team. Together we have invested in people, manufacturing and product development capabilities, and strategically repositioned the company’s business model, which has delivered strong growth. We look forward to seeing Iwasaki continue to thrive with its new partner.”

The sale of Iwasaki builds on Carlyle’s well-established track record of investing in industrial businesses in Japan. Investments in this space include Rigaku, Enewill, Kokusai Kogyo, and SENQCIA. Carlyle has invested more than 700 billion yen across over 40 Japanese companies since entering the market in 2000.

 

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About Carlyle 
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across its business and operates through three segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $474 billion of assets under management as of September 30, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,400 people in 27 offices across four continents. Further information is available at carlyle.com. Follow Carlyle on LinkedIn at The Carlyle Group and on X at @OneCarlyle.

Media Contacts

Carlyle

Andrew Kenny
+44 7385 662334
andrew.kenny@carlyle.com

Kaede Haseda
+81 80 4209 1053
kaede.haseda@carlyle.com

 

Brunswick Group

Masato Ui
+81 80 6538 2109
carlylejp@brunswickgroup.com

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Apollo Provides €900 Million Refinancing for Pan-European Logistics and Industrial Portfolio Owned by Cerberus and Arrow Capital Partners

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Bespoke, senior secured solution to refinance institutional-quality portfolio and consolidate lender base

NEW YORK, Jan. 29, 2026 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds have completed an approximately €900 million senior secured financing of a pan-European logistics and industrial portfolio owned by a joint venture between an affiliate of Cerberus Capital Management (“Cerberus”), a global alternative investment manager, and Arrow Capital Partners (“Arrow”), a specialist investor, credit provider, developer and manager of real estate in Europe and Asia-Pacific .

The investment, split among three separate senior loan facilities, will primarily refinance existing debt of the Strategic Industrial Real Estate (“SIRE”) platform, a joint venture between Cerberus and Arrow. The portfolio comprises 92 institutional-quality assets totaling more than one million square meters of urban and mid-box logistics and industrial space. The portfolio has a diversified tenancy base anchored by long-term, investment grade occupants and is located across key, high-demand European distribution corridors in the UK, Germany, the Netherlands, Spain, Ireland, and Poland.

Ben Eppley, Partner and Head of Real Estate Credit, Europe at Apollo, said, “This bespoke solution refinances a diversified, high-quality portfolio of strategically located logistics and industrial assets, which benefit from resilient demand and supply dynamics. We continue to see strong interest from sponsors seeking holistic, single lender solutions where we can transact with certainty and scale.”

Julio Dominguez, Head of European Financings at Cerberus, commented, “Apollo’s investment reflects the strong market recognition of the value we have built across our SIRE platform. With a high-quality portfolio and robust market fundamentals, this refinancing supports our commitment to advancing our strategy across Europe.”

Apollo’s Real Estate Credit business continues to be one of the most active non-bank lenders across Europe. Other recent investments include senior financing for a UK portfolio of purpose-built student accommodation assets as well as senior financing for Shadowbox Studios’ Shinfield Studios, a new major film and TV production hub in the UK.

Gibson Dunn and Greenberg Traurig acted as legal counsel to the Apollo funds. Eastdil advised Cerberus, and Linklaters acted as legal counsel to Cerberus.

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.

About Cerberus

Founded in 1992, Cerberus is a global alternative investment firm with approximately $70 billion in assets across complementary credit, real estate, and private equity strategies. Cerberus invests across the capital structure where it believes its integrated investment platforms and proprietary operating capabilities can help improve performance and drive long-term value. Cerberus’ tenured teams have experience working collaboratively across asset classes, sectors, and geographies as they seek to achieve strong risk-adjusted returns for investors. For more information, visit www.cerberus.com.

About Arrow Capital Partners

Arrow Capital Partners is a private real estate company which invests in equity and debt opportunities specialising in cross-border transactions where it can use its platform and balance sheet to invest with its US and Asia-Pacific capital partners into Europe, as well as European and US investors into the Asia-Pacific region.

Arrow has eight offices covering those markets, with assets of over $5bn across office and logistics assets, including developments. The Partners each have a minimum of 20 years investment experience and have been responsible for overseeing US$25bn across all asset classes in multiple jurisdictions, plus a US$8bn development pipeline. Additional information can be found at: www.arrowcapital.co.uk.

Apollo Contacts

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

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

Cerberus Contacts

Jason Ghassemi
Chief Communications Officer
Communications@cerberus.com

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CMA CGM and Stonepeak Announce Groundbreaking Terminal Joint Venture, UNITED PORTS LLC

Stonepeak
  • JV includes a quality portfolio of 10 major CMA CGM-operated terminals worldwide, including in the U.S., Brazil and Spain, as well as across Asia.
  • Stonepeak to invest $2.4 billion to acquire a 25% minority stake in the newly formed JV.
  • The new JV structure will drive accelerated investments in new terminal opportunities.

NEW YORK and LOS ANGELES, United States, January 28, 2026 — The CMA CGM Group, a global player in sea, land, air and logistics solutions, and Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, announced today an agreement to launch UNITED PORTS LLC, a U.S. Joint Venture (“JV”) to acquire 10 of the major CMA CGM-operated port terminals worldwide. The JV is backed by a $2.4 billion investment from Stonepeak for a 25% minority stake.

“The creation of United Ports LLC, our joint venture with Stonepeak, marks an important step in the development of our terminal activities in the United States and globally,” said Rodolphe Saadé, Chairman and CEO of CMA CGM Group. “Through this strategic partnership, we bring together ten CMA CGM-operated terminals across six countries, including major facilities such as FMS in Los Angeles, Port Liberty in New York, Santos in Brazil and Nhava Sheva in India. By joining forces with a partner with strong infrastructure expertise, we strengthen our ability to invest further in our port terminals, secure access to key gateways and enhance service quality for our customers.”

“Container terminals play an essential role in global trade and are among the most difficult to substitute or replicate transportation infrastructure assets,” said James Wyper, Senior Managing Director, Head of U.S. Private Equity, and Head of Transportation & Logistics at Stonepeak. “This joint venture represents a truly differentiated opportunity to invest in a high-quality portfolio of strategically located terminals alongside one of the largest and most respected shipping and logistics groups in the world. We look forward to working closely with CMA CGM’s expert team to support this critical infrastructure.”

A global joint venture spanning 10 major CMA CGM-operated ports

The transaction will include 10 key assets: Los Angeles Fenix Marine Services (United States), Port Liberty terminals in New York and Bayonne (United States), Santos terminals (Brazil), CSP Valencia and CSP Bilbao (Spain), Terminal Maritima del Guadalquivir (Spain), TTI Algeciras (Spain), Nhava Sheva Freeport Terminal (India), CMA CGM Kaohsiung Terminal (Taiwan), and Gemalink in Cai Mep (Vietnam).

A strategic investment securing immediate funding for port infrastructure development

CMA CGM and Stonepeak will respectively hold 75% and 25% ownership stakes in United Ports LLC, while CMA CGM will retain full operational control. CMA CGM plans to reinvest the $2.4 billion in proceeds from the transaction in the continued growth of Group core businesses, while expanding supply chain capacity to meet the ever-growing demand for state-of-the-art shipping and logistics solutions across sea, land, air and logistics.

Long-term support to drive growth of a top-class international terminal portfolio

Today’s announcement is also the beginning of a long-term relationship between CMA CGM and Stonepeak, including the potential to develop and support future investment capacity and new terminal projects in the U.S. and globally. As part of the transaction, Stonepeak will have the opportunity to contribute an additional $3.6 billion in funding for future joint terminal projects.

The transaction is expected to close in the second half of 2026, subject to customary regulatory approvals, including relevant antitrust and foreign direct investment approvals.

***

About CMA CGM
The CMA CGM Group is a global player in sea, land, air and logistics solutions. Present in 177 countries, the Group employs 160,000 people worldwide. As the world’s 3rd largest shipping company, CMA CGM serves over 420 ports with a fleet of more than 650 vessels. Its subsidiary CEVA Logistics is a leading global logistics player, and CMA CGM AIR CARGO operates a dedicated air freight fleet. The Group is committed to the energy transition, with an objective of Net Zero Carbon by 2050, and engages globally through the CMA CGM Foundation in humanitarian aid and education. For more information, please visit cmacgm-group.com

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $80 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include transport and logistics, digital infrastructure, energy and energy transition, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

Media Contacts

For CMA CGM: press-relations@cma-cgm.com

H/Advisors Abernathy
Deven Anand
212-371-5999 / deven.anand@h-advisors.global

For Stonepeak:
Kate Beers / Maya Brounstein
646-540-5225 / corporatecomms@stonepeak.com

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