Category Archives: News

PharmaResearch accelerates global market expansion with investment from global private equity investor CVC

CVC Capital Partners
  • Accelerate Overseas Business Expansion via Partnership with CVC
  • Strengthen Market Position via Overseas M&As and R&D Investments

September 5th, 2024 – PharmaResearch (co-CEOs: Kang Ki-Seok, Kim Shin-Kyu), a leader in aesthetic injectables and regenerative medicines renowned for its flagship skin booster product “Rejuran”, announced a significant milestone in its global market expansion efforts, securing KRW 200 billion investment from global private equity firm CVC through the issuance of redeemable convertible preferred shares (RCPS). Extending beyond capital injection, this investment will enable the company to accelerate overseas market entry through strategic partnership with CVC.

CVC is a leading global private equity firm that manages over €193 billion of AUM, and has a strong investment track record in the healthcare industry across Europe and other key global markets. PharmaResearch aims to leverage CVC’s extensive Asian and global network and experience to achieve rapid and stable penetration into new international markets. As a strategic partner, CVC will provide valuable network and resources to support PharmaResearch’s market expansion and strengthen the company’s global competitiveness.

PharmaResearch plans to utilize the newly secured funds primarily for strategic overseas M&As and the establishment of local subsidiaries to implement region-specific go-to-market strategies and rapidly expand its presence in these markets. The company also intends to utilize the funds to upgrade its R&D capabilities and expand its product pipeline through acquisitions. Investments in innovative product development as well as existing product enhancements are expected to strengthen the company’s product portfolio, leading to increased global competitiveness by delivering greater value to its international customers.

Kim Shin-Kyu, CEO of PharmaResearch, stated, “With CVC’s investment and partnership, PharmaResearch is now in a stronger position to enhance its global market presence and continue focusing on developing innovative products and services. We are committed to delivering value to our customers and shareholders as we continue our journey towards becoming a global leader.”

Quotes

With our global network and experience, CVC is fully committed to supporting PharmaResearch’s continued growth in the global market and to contributing to the growth of the K-beauty industry globally.

Kyoo-Cheol Chris RheeCVC Head of Korea

Kyoo-Cheol Chris Rhee, CVC’s Head of Korea, remarked, “CVC is delighted to partner with a company like PharmaResearch.” and added, “With our global network and experience, CVC is fully committed to supporting PharmaResearch’s continued growth in the global market and to contributing to the growth of the K-beauty industry globally.”

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CDPQ and the Fonds de solidarité FTQ make additional investment in Énergir to accelerate its decarbonization

Cdpq

CDPQ, a global investment group, and the Fonds de solidarité FTQ announced today an additional investment totaling $575 million in Énergir to support the growth of this North American energy leader and the execution of its decarbonization and climate resilience plan.

With this new investment, Énergir will be able to execute its decarbonization and resilience strategy. Developing renewable energy projects and renewable natural gas production plants, pursuing the deployment of dual energy in Québec and the Zero Outages Initiative of its subsidiary, Green Mountain Power, in Vermont, are among the concrete measures included in the strategy.

Énergir is a diversified energy company with over $10 billion in assets whose mission is to meet the energy needs of its 535,000 customers in an increasingly sustainable fashion, notably with renewable energy. The leading gas distribution company in Québec, Énergir is also present in the United States, where it produces electricity from hydro, wind and solar sources, in addition to being the primary distributor of electricity and the sole distributor of natural gas in Vermont.

“Supporting the growth and energy transition of our portfolio companies, particularly those in Québec, are central elements of CDPQ’s strategy, and our backing of Énergir since 2004 is a good example of that,” said Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure at CDPQ. “Alongside the Fonds de solidarité FTQ, we are determined to keep supporting this innovative company as it grows, diversifies and decarbonizes its activities to have a greener North American economy.”

“Énergir has a plan to accelerate Québec’s decarbonization and energy transition. With this new investment, the Fonds is supporting the development of the renewable natural gas sector, which will help reduce greenhouse gas emissions from fossil sources,” added Gilles Poulin, Vice-President, Private Equity and Impact Investing, Aerospace, Infrastructure and Transportation, at the Fonds de solidarité FTQ.

ABOUT CDPQ

At CDPQ, we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public pension and insurance plans, CDPQ works alongside its partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at June 30, 2024, CDPQ’s net assets totalled CAD 452 billion. For more information, visit cdpq.com, consult our LinkedIn or Instagram pages, or follow us on X.

CDPQ is a registered trademark owned by Caisse de dépôt et placement du Québec and licensed for use by its subsidiaries.

ABOUT THE FONDS DE SOLIDARITÉ FTQ

The Fonds de solidarité FTQ is a source of pride in Québec, fulfilling its mission through a unique business model created more than 40 years ago. Since then, the Fonds has rallied Québec into action thanks to the retirement savings of over 785,000 shareholders.

With net assets of $20 billion as at May 31, 2024, the Fonds supports thousands of companies through venture and development capital investments based on the belief that impact is created as much by financial as societal returns. For more information, visit fondsftq.com or LinkedIn.

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For more information

  • PATRICK McQUILKEN
    Senior Advisor, Media Relations and Communications
    Fonds de solidarité FTQ
    514 703-5587
    pmcquilken@fondsftq.com

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Cobre Raises $35 Million Series B to Continue Product and Market Expansion

Oak HC FT

Oak HC/FT-led investment positions company to become leading player in payments and treasury management in Colombia, Mexico and beyond.

Cobre, a Colombia-based treasury platform that has been powering top Latin American CFO offices since 2020, announced today that it secured $35 million in Series B funding, led by Oak HC/FT. Existing investors Kaszek, QED and Canary also participated in the round.

Cobre allows companies to centralize all their money movement and banking partners, accelerating domestic and cross-border payments while accessing all their bank accounts in real-time for unified management of their financial operations. This investment positions Cobre to accelerate expansion across its key markets and become a household name for finance teams in the region.

In a world where cash is no longer Latin Americans’ preferred way to pay, companies face the challenge of managing their finances across a fast-growing variety of digital payment options. Cobre’s approach to centralization, delivered via in-house payment rails and direct banking integration, has created a flywheel where companies experience exponentially-increasing productivity as they bring more of their payments onto the platform.

“B2B payments are on the cusp of major growth in Latin America, creating a real need for region-focused solutions that make it easier for enterprises to control the movement of their money,” said Allen Miller, Principal at Oak HC/FT. “With its novel infrastructure technology, Cobre has proven to be essential to its finance, accounting, treasury and operations customers in the region. We look forward to our partnership with the incredible Cobre team as the company continues its growth.”

Since raising its last round in October 2023, Cobre’s business has grown 6x, achieving profitability with revenue in the tens of millions. The growth has been driven by the synergies between its three products (Cobre Connect, Real-Time Domestic Payments and Real-Time Cross Border Payments) and its expansion to serve global companies doing business in Colombia and Mexico.

“Cobre was founded with the belief that the future of finance lies in embracing technology and simplicity. We are committed to helping businesses navigate the complexities of modern money movement with solutions that speak their language and keep them close to the banking partners they trust. With this investment, and the continued support of our partners, we’re ready to lead the charge in giving power to financial operations,” said Jose V. Gedeon, CEO at Cobre.

According to a McKinsey & Company study entitled ‘Sustaining digital payments growth: Winning models in emerging markets’ published in October 2022: “In Latin America, digital payment adoption is positioned to grow at more than 15% CAGR over the next five years.” As fintechs and incumbents try to balance an understanding of local idiosyncrasies with experience in building infrastructure, Cobre’s experience and success to date puts the company on track to become a key player in the digitalization of business in Latin America.

About Cobre

Cobre is a corporate treasury and payments platform designed to elevate the way Latin American companies manage their finances. The company builds CFO-tech on top of its own payment rails to provide real-time capabilities for both domestic and cross-border payments, empowering every peso that its clients move.

Committed to eliminating operating friction between companies, their banking partners, their employees, and their money, Cobre ensures that money movement becomes a growth driver rather than a time-consuming task. In this pursuit, Cobre has grown to become a trusted provider for corporates and tech giants in the region, building a profitable business that has grown 10x in the past 12 months. Follow Cobre on Linkedin and learn more at https://www.cobre.co/

About Oak HC/FT

Oak HC/FT is a venture and growth equity firm specializing in investments in fintech and healthcare. Using partnership as a foundation, Oak HC/FT guides companies and founders at every stage, from seed to growth, to create businesses that make a measurable and lasting impact. Founded in 2014, Oak HC/FT has invested in over 85 portfolio companies and has over $5.3 billion in assets under management. Oak HC/FT is headquartered in Stamford, CT, with an office in San Francisco, CA. Follow Oak HC/FT on LinkedIn and X and learn more at https://www.oakhcft.com/.

Categories: News

MirrorWeb Raises $63M of Growth Capital from Mainsail Partners

Mainsail partners

Investment to support product innovation and customer success, helping financial services firms meet their digital communications archiving and regulatory compliance needs 

Austin, TX – September 05, 2024 – MirrorWeb, a leader in the digital communications archiving, supervision, and surveillance software space, today announced a $63 million growth equity investment from Mainsail Partners. The investment will enable MirrorWeb to further accelerate product development and continue to grow its customer success organization, as it helps financial institutions and other regulated companies manage increasing regulatory demands.

“Regulators have never been more focused on ensuring the integrity of financial markets, protecting investors and preventing systematic risk to our economy,” said David Clee, co-founder and CEO of MirrorWeb. “Mainsail’s investment and operational resources will help us continue to support financial institutions as they navigate this environment and to meet their compliance and digital preservation needs.”

Founded in 2016, MirrorWeb provides unified communications supervision software to financial services firms, governments, and other regulated industries across the globe. MirrorWeb’s Insight platform enables firms to capture, archive, and monitor communications across channels, including websites, mobile, email, instant messaging, and social media. The platform facilitates compliance with digital communication regulations and helps firms remain both compliant and audit-ready.

“MirrorWeb’s robust and user-friendly SaaS platform is trusted by organizations globally to help them keep pace with the proliferation of communication channels and proactively improve their compliance management,” said David Farsai, Partner at Mainsail Partners. “We are excited to partner with the MirrorWeb team to continue to deliver the product innovation and support that helps customers meet their regulatory goals.”

“MirrorWeb has demonstrated a commitment to delivering strong customer service and innovative products. We look forward to working with Dave, Phil, and the entire team to double down on this focus, bringing peace of mind to customers facing increasing regulatory pressures,” said Garret Jackson, Vice President at Mainsail Partners.

As part of this investment, David Farsai and Garret Jackson of Mainsail Partners will join the MirrorWeb Board of Directors, along with Romir Bosu, the CEO of Nadavon Capital Partners. DC Advisory served as the exclusive financial advisor to MirrorWeb in this transaction.

 

Contact:

Kristy DelMuto
(415) 940-2085
kristy@mainsailpartners.com

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The Rawlings Group, Apixio Payment Integrity, and VARIS Merge to Form Next-Generation Payment Accuracy and Integrity Platform

New Mountain Capital

The comprehensive, technology-enabled platform will leverage data and artificial intelligence to reduce healthcare costs for health plan clients

NEW YORK & DALLAS–(BUSINESS WIRE)–New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented investment firm with over $55 billion in assets under management, today announced the completion of a merger among The Rawlings Group (“Rawlings”), Apixio’s Payment Integrity (PI) business, and VARIS to form the leading technology-enabled platform focused on lowering the cost of care across the healthcare system. The combination introduces a next level of payment accuracy and proactive identification of errors in an increasingly complex healthcare environment by leveraging each company’s technology and decades of experience to create a comprehensive platform well-positioned to drive meaningful savings for health plans.

Together, the new company will have an expansive set of capabilities, including subrogation, coordination of benefits, pharmacy payment integrity, and complex claim solutions, to ensure payment integrity and will serve many of the largest health plans in the United States.

Administrative complexity is the top driver of excess spending in the US healthcare system, with this type of waste accounting for an estimated $267 billion in annual costs. Interventions to make healthcare payments more efficient can reduce annual expenditures by as much as $40-60 billion. By unifying solutions across the payment integrity journey, the new company will enable superior healthcare outcomes, including higher payment accuracy and recovery of overpayments, lower medical spending, and substantial savings for health plans.

With its capabilities, scale, proprietary technology, and artificial intelligence (AI) enablement, the company is uniquely positioned to meet payers’ growing demand for improved financial performance and quality. The combined entity’s differentiators include:

  • Flexible delivery model: Only company in the market that allows clients to configure the platform to enable their internal payment integrity teams or work with a bench of clinical experts on a fully outsourced basis.
  • Market leadership: Impacts over 160 million lives across more than 60 health plan clients, including many of the top 20 plans.
  • Meaningful financial outcomes: Over $3 billion in total annual savings and cost avoidance generated through commitment to client service and quality.
  • Analytics-powered innovation: Over 500K proprietary algorithms, concepts, and analytic models to drive higher accuracy and efficiency.
  • Deep subject matter expertise: Combined organization of over 1,900 technology, coding, legal, and clinical experts.

“This combination of payment integrity leaders will create value across the entire healthcare ecosystem,” said Matt Holt, Managing Director and President, Private Equity at New Mountain. “The new organization will help reduce administrative waste while being a catalyst for lowering healthcare costs for payers, payviders, employers and consumers. This move is built upon our decades of healthcare expertise coupled with an accelerated investment in leveraging big data and AI with a maniacal focus to help bend the cost curve.”

David Pierre will become Chief Executive Officer of the combined entity. Pierre previously served as Chief Operating Officer of Signify Health, where he led over $1 billion in revenue and oversaw the company’s initial public offering in 2021 and subsequent $8 billion sale to CVS Health in 2023.

“We are excited for the growth and innovation that this merger will enable, and the world-class talent ready to unlock value in new ways across the enterprise,” said Pierre. “We share a customer-first approach and are bringing together what we believe are the industry’s best individual capabilities into one, data-rich platform, with the power of analytics to intervene earlier in the claims cycle to drive maximum ROI for our clients.”

As part of the transaction, Apixio’s Connected Care platform and value-based care solutions were acquired by Datavant.

About New Mountain Capital
New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, credit, and net lease investment strategies with over $55 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit http://www.newmountaincapital.com.

About Rawlings
Rawlings, founded in 1977 and based in La Grange, Kentucky, is a leading technology-enabled coverage analytics provider that delivers savings for its health insurance clients by identifying third parties responsible for paying medical claims across its subrogation, coordination of benefits, and drug claim payment integrity offerings. For more information on Rawlings, please visit https://www.rawlingsgroup.com.

About Apixio
Apixio is the Connected Care Platform at the intersection of health plans and providers. The company’s actionable AI technology, flexible services, and seamless workflows power accurate payments and high-quality patient care so that healthcare organizations can thrive as the industry moves toward value-based reimbursement models. Learn more at www.apixio.com.

About VARIS
VARIS, LLC was founded by a team of healthcare professionals with more than 100 years of combined experience in the healthcare industry. VARIS specializes in overpayment identification solutions including DRG and APC. VARIS serves clients who are commercial payers, Medicare Advantage contractors, Medicaid Managed Care contractors, Administrative Service Organizations, and State/Federal programs throughout the country. Learn more at http://www.varis1.com.

Contacts

Media:
Jen Long, 120/80 MKTG
617-784-3245
jen@12080group.com

Dana Gorman / Lisa Pham
H/Advisors Abernathy, for New Mountain Capital
(212) 237-5999
dana.gorman@h-advisors.global / lisa.pham@h-advisors.global

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Maven achieves return of up to 5.1x on sale of MirrorWeb

Maven

Sale of Manchester headquartered MirrorWeb to a US buyer generates a profitable return for the Maven VCTs and NPIF Maven Equity Finance.

Published: Sep 05, 2024
Focus: Growth Capital, NPIF Maven Equity Finance

Maven has realised a significant majority of its investment in award-winning compliance and preservation software provider MirrorWeb, through a sale to MainSail Partners, a US growth equity firm. The profitable realisation has generated a 4.0x return on cost for the Maven VCTs, including the value of a retained minority holding in the business and a 5.1x return on cost for NPIF Maven Equity Finance (which has exited its holding in full).

Manchester based MirrorWeb has built significant momentum in the US thanks to the company’s leading proprietary technology. Through its platform, the business enables financial services institutions to communicate via native channels, capturing and archiving in a fully compliant way enabling the world’s largest financial institutions to meet strict record-keeping requirements.

MirrorWeb helps businesses, multinationals, institutions and government departments manage and evidence changes in their digital content via its unified communications surveillance platform. The requirement for digital preservation is high on the compliance agenda driven by increased regulation. This has resulted in increased demand for MirrorWeb’s robust solution, particularly in financial services, where monitoring and archiving content across websites, social media platforms, email and business communications such as Microsoft Teams and Slack, is demanded.

Maven first supported MirrorWeb in 2018, through NPIF Maven Equity Finance to enable the business to roll-out its innovative technology. At that point MirrorWeb was an emerging business with low revenues and high customer concentration but had developed a cutting-edge compliance focused solution and a clear and credible business strategy to build scale. Over multiple funding rounds, which latterly included investment from the Maven VCTs, the business grew rapidly, taking Maven’s total investment in MirrorWeb to over £6.2 million.

The funding has enabled MirrorWeb to enter the US market, with CEO David Clee relocating to Austin, Texas to lead the Company’s go to market strategy and invest heavily in product development to further enhance the functionality of its technology. Helping MirrorWeb to consistently achieve year-on-year recurring revenue growth, and significantly grow its headcount.

“This transaction is an excellent outcome for Maven’s client funds, the management team and the business. MirrorWeb’s story demonstrates what an ambitious Manchester-based business can achieve when a talented leadership team is provided with the right support and funding. As well as generating significant cash proceeds, the structure of the deal also allows the Maven VCTs to retain an equity stake in MirrorWeb post-transaction, this was a key objective based on our knowledge of the business and the team who we expect to continue to deliver strong growth and shareholder value.

It has been an absolute privilege to work with this team, led by David Clee, who have successfully opened up the US market. David’s decision to relocate to the US demonstrates his entrepreneurial drive and is a testament to his leadership.”

Jeremy Thompson, Partner at Maven

“Maven supported us when we were a small start-up business, they believed in us as a management team and could see the potential in what we were trying to build. Following that original investment, they continued to support us through multiple follow-on funding rounds which were critical to the development of both our product and our commercial strategy. Throughout the six years we have worked together, Maven have provided genuine and valuable advice that has helped us to grow the business. The relationship between Maven and MirrorWeb has been a true partnership and I’m proud of what we have achieved together.”

David Clee, CEO at MirrorWeb

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Apollo to Acquire Dutch Equipment Leasing Specialist Beequip from NIBC

Apollo logo

NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that balance sheet and other investor capital managed under its Aligned Alternatives platform have agreed to acquire Netherlands-based equipment leasing specialist Beequip from NIBC.

Founded in 2015, Beequip has grown to become a leading independent equipment financing company in the Netherlands, serving small and medium enterprises (SMEs) across Europe and internationally, with a current portfolio of €1.4 billion and €700 million of annual run-rate originations. Beequip offers financing and leasing solutions for new and used heavy equipment spanning transport, cranes, containers, maritime and more.

Beequip will further the build-out of Apollo’s European equipment finance platform, established in 2018 with UK-based Haydock Finance. The acquisition is consistent with Apollo’s origination platform strategy focused on high-quality, secured credit generation, diversified across corporate and consumer categories, including asset-backed finance.

“Beequip has established itself as a leader in the equipment finance space in its home market, with a strong team and robust underwriting to serve a growing base of SMEs in the Netherlands and beyond,” said Kevin Crowe,” Partner in Apollo’s Financial Institutions Group.

“We are pleased to welcome the Beequip team to Apollo’s origination ecosystem and to support the business as it continues to scale, meeting vital demand from SMEs to facilitate their business plans and fuel economic growth,” added Apollo’s Mikhail Rychev.

Beequip co-founders Giel Claes and Peter Loef said, “We are extremely proud of our team and the success we have achieved. Leveraging our expertise in equipment, our focus on used machinery, and our ‘iron above numbers’ philosophy, we have consistently increased market share. With the help of our self-developed fintech systems, we have provided entrepreneurs with user-friendly and tailored financing solutions for heavy equipment. We look forward to working in partnership with Apollo in this exciting next chapter, with a solid foundation for growth domestically and internationally alongside a steadfast commitment to risk management.

The transaction is subject to customary closing conditions and expected to be completed before the end of 2024.

Through the first half of 2024, Apollo reported record debt origination volumes of $92 billion in aggregate across the firm and its affiliate platforms, and for the 12-month period ending June 30, 2024, Apollo reported $146 billion of debt origination. Origination is integral to Apollo’s strategy seeking excess spreads in private investment grade credit to serve its retirement services businesses and other ratings-sensitive liabilities.

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 to private equity with a focus on three investing strategies: yield, hybrid, and 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 June 30, 2024, Apollo had approximately $696 billion of assets under management. To learn more, please visit www.apollo.com.

Contacts

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

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

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Bizzdesign acquires two leaders in the global Enterprise Architecture & Digital Transformation space

Main Capital Partners
Bizzdesign today announced it has signed two substantial acquisitions, creating a globally leading player in the Digital Transformation software market.
Home / Knowledge / Press release / Bizzdesign acquires two leaders in the global Enterprise Architecture & Digital Transformation space

Bizzdesign and MEGA International, both recognized by Gartner as leaders in Enterprise Architecture (EA) software, today announced a definitive merger agreement.

Next to this acquisition, Bizzdesign has signed another significant acquisition that will bring the group towards EUR 110m in revenues, with over 600 employees. Through these two sizeable acquisitions, a globally leading player in the Digital Transformation Software market is formed with offices, employees and clients around the world. The combined group will continue under the Bizzdesign brand, reflecting a shared commitment to innovation and customer-centric solutions.

MEGA

MEGA is acquired from its founder & management, as well as from Belgian Private Equity investor GIMV. The acquisition of MEGA marks the second step of the buy-and-build strategy of Bizzdesign since teaming up with strategic software investor Main Capital Partners (“Main”).

Founded in 1991 and headquartered in Paris, France, MEGA has a global presence with offices across 10 countries and employing c. 350 employees. MEGA’s HOPEX platform enables collaboration, automation, and actionable insights to accelerate transformation initiatives. The four key solutions of HOPEX focus on Enterprise Architecture (EA), Business Process Management (BPM), Governance, Risk & Compliance (GRC) and Data Governance. MEGA serves more than 600 customers across EMEA, North America, LATAM and APAC regions, including amongst others large banks, insurance companies and aerospace companies.

Creating a global leader in Enterprise Architecture

Through the combination of Bizzdesign and MEGA, the newly formed group will form a clear leader in the Enterprise Architecture and Digital Transformation space, serving a diversified customer base of more than 1,000 enterprises and public institutions, including blue-chip customers such as HSBC, Shell, Wells Fargo and EDF. With a strongly complementary market presence across all continents, the combination creates a true global leader in the space. For over a consecutive decade, both Bizzdesign and MEGA have been recognized as leaders in Gartner’s Magic Quadrant for Enterprise Architecture, illustrating the leading position of both organizations within this space. The combined product offering will be well-positioned to seamlessly guide organizations in their business transformation initiatives.

“We are thrilled to join forces with MEGA”, says Bert van der Zwan, CEO of Bizzdesign. “The combination will accelerate our growth journey, enabling us to deliver more innovative solutions, and unlock greater value for our customers across the globe. We foresee a fruitful strategic partnership with strong potential to offer a value-added proposition together with MEGA across international markets.”

Luca de Risi, CEO of MEGA International, states: “Bizzdesign is an excellent strategic and cultural match for MEGA. Our combined strengths and resources will greatly enhance the value of Enterprise Architecture in driving business transformation. The MEGA management team is very much looking forward to be part of this story.”

Sven van Berge Henegouwen, Managing Partner at Main and Chairman of the Supervisory Board of Bizzdesign, concludes: “This transaction marks a milestone in the growth strategy of Bizzdesign. We strongly believe in establishing collaborations with driven entrepreneurs to accelerate innovation for the benefit of their clients. Over the past 20 years, this has been a key value driver for Main Capital in the successful organic and buy-and-build growth strategies we have executed together with our business partners. With Bizzdesign and MEGA, we combine two organizations that are both renowned for their innovativeness and expertise within Enterprise Architecture, resulting in a strong foundation for additional global expansion. The combination underlines our strategy to build leading international software groups in one of our core product-markets, as well as marks our official expansion towards France.”

Closing of the MEGA acquisition is still pending mandatory regulatory approvals.

Additional strategic acquisition in the Digital Transformation Space.

Besides the acquisition of MEGA, Bizzdesign has furthermore recently signed another substantial strategic acquisition in the Digital Transformation Space. This other acquisition will further solidify the already global market-leading position of the group in this space, as well as bring additional complementary and synergistic product capabilities to the group. The combined group including this undisclosed acquisition will bring the group towards EUR 110 million in revenues, with over 600 employees, providing a strong fundament for further organic and inorganic growth. A more detailed announcement regarding this last acquisition is expected to be published in the course of Q4 2024.

With Bizzdesign and MEGA, we combine two organizations that are both renowned for their innovativeness and expertise within Enterprise Architecture, resulting in a strong foundation for additional global expansion.”

– Sven van Berge, Managing Partner and Head of DACH at Main Capital Partners

About

Bizzdesign

Founded in 2000, Bizzdesign is the trusted global SaaS Enterprise Architecture platform and is recognized as a leader by major analyst firms like Gartner and Forrester. Bizzdesign supports the world’s leading public and private organizations to ensure the success of investment prioritization, transformation initiatives, and risk management. Bizzdesign helps architects and executives to have full visibility on multi-dimensional architectural structures, design and plan on both current state and future state architecture, and confidently execute on their strategic transformation initiatives. Success should not be a matter of hope, it should be by design.

MEGA International

MEGA, founded in 1991, is a global software provider specialized in digital transformation solutions to connect IT leaders, process owners, risk managers and data governance officers. Headquartered in Paris, France, the company has a global presence with offices across 10 countries. MEGA’s SaaS platform is named HOPEX, a platform that enables collaboration, automation, and actionable insights to accelerate transformation initiatives. MEGA services >600 customers across EMEA, North America, LATAM and APAC, including large banks, insurance companies, public administration and airspace industry.

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Stonepeak Acquires 1.1 Million Square Foot Logistics Portfolio in Fort Worth, Texas

Stonepeak

 

NEW YORK, NY – September 5, 2024 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the acquisition of two logistics assets totaling 1.1 million square feet in Fort Worth, Texas from institutional investors advised by J.P. Morgan Asset Management.

The assets are strategically located in the Alliance submarket of Dallas-Fort Worth (“DFW”), which is anchored by two Class I rail lines, the BNSF Alliance intermodal terminal, and the Fort Worth Alliance cargo airport, all of which have direct access to the I-35 “NAFTA highway” linking Mexico to Canada. The Alliance submarket’s transport infrastructure is supported by DFW’s population of over 8 million residents, which is expected to grow by 4x the national average through 2028.

“We are excited to add these assets to our growing portfolio,” said Phill Solomond, Senior Managing Director and Head of Real Estate at Stonepeak. “We believe that high-quality real estate adjacent to transport infrastructure will continue to outperform given its mission-critical role in local and national supply chains.”

Most recently, in April 2024, Stonepeak acquired a 1.7 million square foot logistics portfolio located adjacent to the BNSF and Union Pacific intermodal terminals in Chicago, Illinois. Prior to that, in October 2023, Stonepeak announced the sale of the Omni Industrial Campus, a 1.3 million square foot logistics portfolio located near the Port of Charleston in South Carolina.

Stonepeak’s real estate team invests thematically in real estate assets that demonstrate infrastructure characteristics. The team invests in high conviction sectors including supply chain, residential, healthcare, and technology real estate. With the benefit of the strength and insights of the broader Stonepeak platform, the team targets opportunities supported by strong macro tailwinds that have durable cash flow profiles, embedded demand drivers, high barriers to entry, inflation protection, and are mission critical to the businesses and communities they serve.

Simpson Thacher & Bartlett LLP served as legal counsel and Jones Lang LaSalle served as financial advisor to Stonepeak.

About Stonepeak

Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $71.2 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 communications, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Hong Kong, Houston, London, Singapore, and Sydney. For more information, please visit www.stonepeak.com.

Contacts

Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (212) 907-5100

 

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P95 Acquires Assign DMB, Expanding Data Management and Biostatistics Services

Ampersand

Leuven, Belgium, September 5, 2024 /PR Newswire/ – P95 BV (“P95”), a leading global provider of epidemiology and clinical solutions with a specialty focus on vaccines and infectious diseases, is excited to announce the acquisition of Assign DMB. Founded by current CEO Anton Klingler in 2005, Assign DMB stands at the forefront of clinical research organisations (CROs) in Austria and is renowned for its exceptional clinical data management and biometrics services, particularly in the areas of infectious diseases and vaccines. Backed by Ampersand Capital Partners, a global investment firm with offices in Boston and Amsterdam, P95 is proud to raise the bar in leading innovation and excellence in clinical research globally with this acquisition.

Thomas Verstraeten, CEO of P95 comments, “It is with great pleasure that we welcome Anton and his team to the P95 family. Assign DMB is a world class leader in the areas of data management and biostatistics. By combining forces, we further enhance our capacity to implement both clinical and non-interventional studies, with a continued focus on vaccines and infectious diseases. Like us, Assign DMB has supported studies in various regions worldwide. Our combined global expertise enables us to deliver our services at any location worldwide, including underserved and developing countries.”

Anton Klinger, CEO of Assign DMB adds, “I am delighted to join forces with P95. This acquisition is a significant milestone for Assign DMB, and I am confident that our combined expertise will enable us to deliver even greater value to our clients. Together, we will continue to strive for excellence in clinical research.”

 

 

 

About P95

P95 is a leading global provider of epidemiology and clinical solutions with a specialty focus on vaccines and infectious diseases. Headquartered in Belgium, P95 has regional hub offices in Africa (South Africa), Latin America (Colombia), North America (USA) and Southeast Asia (Thailand). P95’s full-service CRO solutions span 5 continents, with 300 staff and experience across 30 countries. P95 offers a range of high-quality services including clinical trials Phase I-IV, epidemiology and real-world evidence, vaccine development consulting, study start-up and regulatory, clinical monitoring, home nursing, sample management, medical monitoring, pharmacovigilance, data management, biostatistics, medical writing and qualitative research.

About Assign DMB

Assign DMB is one of the leading clinical research organisations in Austria offering a broad range of services for all phases of clinical trials. Based in Innsbruck, Assign DMB has more than 20 years of experience managing clinical studies. Assign DMB’s services are tailored to the sponsors’ individual needs and include data management, biostatistics, and medical writing as well as safety management and medical monitoring.

About Ampersand Capital Partners

Ampersand Capital Partners, founded in 1988, is a middle-market private equity firm with $3 billion of assets under management, dedicated to growth-oriented investments in the healthcare sector. With offices in Boston, MA, and Amsterdam, Netherlands, Ampersand leverages a unique blend of private equity and operating experience to build value and drive long-term performance alongside its portfolio company management teams. Ampersand has helped build numerous market-leading companies across each of the firm’s core healthcare sectors. For additional information, visit Ampersandcapital.com or follow us on LinkedIn.

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