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EQT Foundation opens applications for breakthrough science grants to reduce dependence on critical minerals for the green transition

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Critical Minerals Science Grant

  • EQT Foundation opens applications for deeptech solutions grants, tackling critical mineral dependence in climate technologies
  • The program will award between EUR 25,000 and EUR 100,000

EQT Foundation is launching a new open call for proposals under its Science Grants program, focused on critical mineral substitutes for the green transition. The program will award catalytic, non-dilutive grants of €25,000 to €100,000 to researchers developing high-risk, high-impact deeptech solutions that reduce or eliminate the use of critical and strategic raw materials in key climate technologies. Designed to accelerate bold scientific ideas with strong translational potential, the call is open to scientists affiliated with accredited nonprofit institutions worldwide.

The global transition to net zero depends on technologies such as batteries, electric motors, power electronics, photovoltaics, and electrolyzers. Many of these rely on a narrow set of critical minerals whose supply is concentrated, volatile, and often associated with significant environmental and social costs. As demand for clean technologies scales, dependence on these materials risks creating bottlenecks, increasing costs, and slowing decarbonization efforts. (1)

This grant call aims to support frontier science that replaces or radically reduces the use of critical minerals, while improving performance, cost, and sustainability. The program seeks solutions that begin in the lab but are designed to move toward real-world deployment, helping to unlock resilient and scalable pathways for the green transition.

The program seeks research at the intersection of deeptech innovation and climate application, with a focus on:

  • Substitutes for critical minerals in energy storage and conversion: materials, chemistries, and device architectures that reduce reliance on constrained inputs in batteries and electrochemical systems, while remaining manufacturable and competitive
  • Rare-earth-free magnets and machine designs: innovations that significantly reduce or eliminate rare earth elements in magnets, motors, and generators without unacceptable efficiency or performance trade-offs
  • Earth-abundant materials for solar, power electronics, and grid technologies: materials and system designs that reduce dependence on scarce inputs while meeting stability, reliability, and manufacturability requirements
  • Circular substitutes through recycling, reuse, and “virtual” substitution: technologies that displace virgin critical mineral demand through novel recovery, purification, and re-manufacturing approaches

Cilia Holmes Indahl, CEO of EQT Foundation, comments: “The green transition cannot scale if it remains constrained by a small set of critical minerals with fragile supply chains. Through this grant program, we aim to support bold scientists developing frontier materials and technologies that can fundamentally change how clean energy systems are built.”

In addition to funding, selected grantees will benefit from access to EQT’s global network, including technical experts, potential industry partners, and tailored commercialization and founder support to help bridge the gap from scientific discovery to scalable impact.

Applications open on January 27, 2026, and close on February 25, 2026, at 23:59 CET. 

Proposals will be reviewed by a panel of scientific, technical, and translational experts. Shortlisted applicants will be invited to interviews with the EQT Foundation team, with final decisions communicated shortly thereafter.

To apply, visit:
https://eqtgroup.com/eqt-foundation/grant-submission

1. International Energy Agency. (2021). Reliable supply of minerals. In The role of critical minerals in clean energy transitions (World Energy Outlook Special Report). IEA. https://www.iea.org/reports/the-role-of-critical-minerals-in-clean-energy-transitions/reliable-supply-of-minerals

Contact
EQT Press Office, press@eqtpartners.com

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About EQT

EQT is a purpose-driven global investment organization with EUR 270 billion in total assets under management (EUR 141 billion in fee-generating assets under management) as of 31 December 2025, within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership

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

About EQT Foundation

EQT Foundation is a philanthropic organisation and long-term shareholder of the global investment organization EQT, founded by partners at EQT. The Foundation supports scientists and entrepreneurs bringing breakthrough solutions from lab to market, combining EQT’s expertise with catalytic investments and grants. With a focus on supporting scientific progress in underfunded areas of climate and health, the Foundation provides a learning platform for EQT employees to develop and work collaboratively across the globe, while engaging in philanthropy and making a positive impact.

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Bain Capital Enters Fixed-Base Operator Sector with Acquisition of APP Jet Center

BainCapital

Acquisition of five-location FBO platform from Ridgewood Infrastructure marks entry into aviation services infrastructure

BOSTON – January 27, 2026 – Bain Capital today announced its entry into the fixed-base operator (“FBO”) sector through the acquisition of APP Jet Center, a provider of aviation services at high-quality, supply-constrained airports in the United States. Mark Johnstone, the former CEO of Signature Aviation, will lead the business. Financial terms of the acquisition of APP Jet Center from Ridgewood Infrastructure were not disclosed.

APP Jet Center is a well-established FBO operator with a portfolio of five locations across the U.S., serving business and general aviation customers in markets including South Florida, the Washington, D.C. region, the San Francisco Bay Area, and Denver. The platform provides a full suite of aviation real estate and related services, including aircraft hangar space and fueling. Bain Capital will look to actively expand APP’s footprint with additional high-quality assets serving supply-constrained markets.

Demand for private and business aviation services has been supported by long-term growth in flight activity, modernized aircraft that require modern hangar infrastructure, and airport environments that limit new development. These dynamics, combined with the more operational nature of the business, make FBOs well suited to Bain Capital’s thematic, value-add investment approach.

“APP Jet Center is a strong starting point for our FBO strategy, as the business operates at attractive, capacity-constrained airports and has built long-standing relationships with airport authorities and customers” said Chris Leddy, a Managing Director at Bain Capital Real Estate. “We see an opportunity to support the growth of the platform through continued investment in facilities, operations, and leadership, applying the same disciplined, active ownership approach that has guided our work across other operationally intensive real estate sectors.”

Mr. Johnstone and his team of highly experienced aviation professionals, will focus on enhancing the platform’s operations and selectively expanding its footprint in attractive markets, while investing across the existing network to meet the growing demand for aircraft hangar storage.

“I am truly excited by the acquisition of APP Jet Center and see this as a tremendous foundation for our new FBO journey,” said Mr. Johnstone. “We will focus on our employees, customers, and safety as we build on the great work of the APP Jet Center team. Looking ahead, we plan to thoughtfully expand our presence in core markets and to support the long-term structural growth of private and business aviation.”

The launch of the FBO platform builds on Bain Capital’s more than 40-year history of investing across the aviation industry, including aircraft leasing, aviation services, and transportation-adjacent businesses.

This investment reflects Bain Capital’s ability to bring together operational expertise and sector knowledge. “We continue to believe that aviation is a space that will benefit from outsized growth and can create durable value across market cycles” added Matt Evans, a Partner at Bain Capital Special Situations.

DLA Piper, led by Drew Rosenberry and Neil K. Vohra, served as legal advisor to Bain Capital.

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, teams, businesses, 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 1,850 employees, and approximately $215 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

About Ridgewood Infrastructure
Ridgewood Infrastructure is a leading infrastructure investor in the U.S. lower middle market with sectors of focus including Water, Energy Transition, Transportation, and Utilities. For more information, visit www.ridgewoodinfrastructure.com.

 

Media Contacts

 Eddie de Sciora

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Blackstone Announces Agreement to Acquire Arlington Industries

Blackstone

New York – January 26, 2026 – Blackstone (NYSE: BX) and Arlington Industries, Inc. (“Arlington”) announced today that funds managed by Blackstone Energy Transition Partners (“Blackstone”) have entered into a definitive agreement to acquire Arlington, a leading designer and manufacturer of electrical products in the United States.

Founded in 1949, Arlington designs and manufactures a range of electrical products such as fittings, enclosures and other components. The company’s innovative solutions are used across commercial, industrial and data center facilities. Amid increasing electrification trends, Arlington’s products play a vital role in supporting the growing needs of electrical distributors and contractors.

Tom Gretz, President of Arlington, said: “We are thrilled to be entering into this new partnership between Arlington and Blackstone. With support from Blackstone, we will continue to deliver innovative and dependable solutions to electrical contractors. I am incredibly proud of what our team has built and excited about the next phase of growth.”

Betty (Elizabeth) Stark, Chairman of Arlington’s Board, added: “This transaction with Blackstone marks an exciting new chapter for Arlington. Blackstone will be a terrific steward of the company and will unlock new opportunities for Arlington’s employees, customers and representatives.”

Bilal Khan, Senior Managing Director, and Mark Zhu, Managing Director, at Blackstone Energy Transition Partners, said: “Arlington has built an excellent reputation for its high quality and innovative products delivering market leading solutions for its diverse customer base. Together with Blackstone’s scale, resources and global network, we look forward to further expanding Arlington’s product offerings and supporting the company’s track record of innovation and long-term growth.”

Arlington represents the latest in a number of recent transactions Blackstone Energy Transition Partners has announced behind its high-conviction investment themes in electrification and the ongoing energy transition, including Alliance Technical Group, Maclean Power Systems, Wolf Summit Energy, Hill Top Energy Center, Shermco, Enverus, Lancium, Westwood, and others.

Terms of the transaction were not disclosed. The transaction is expected to close in the first quarter of 2026, subject to customary conditions. UBS Investment Bank acted as financial advisor to Arlington, and Sullivan & Cromwell acted as legal advisor to Arlington.

About Arlington
Arlington is a leading domestic manufacturer of high performance electrical products. To meet the evolving needs of the electrical industry, Arlington continuously develops unique and innovative products that meet the quality standards its customers expect. Arlington designs and engineers a comprehensive portfolio of innovative products built to simplify installation and enhance performance. The company was founded in 1949 and acquired by the Stark family in 1956. Learn more at https://www.aifittings.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 across the energy transition landscape. 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 needs of the global community. In the process, we work to build stronger, larger scale enterprises, create jobs and generate lasting value for our investors, employees and all stakeholders. Further information is available at https://www.blackstone.com/our-businesses/blackstone-energy-transition-partners/.

About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Media Contacts
Arlington
Ray Barnes
rbarnes@aifittings.com

Blackstone
Jennifer Heath
Jennifer.Heath@Blackstone.com

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EQT to Launch USD 371 million Tender Offer for MAMEZO

Mamezo

  • QT has announced the launch of a USD 371 million tender offer to privatize MAMEZO, a Japanese IT services company that supports enterprises in modernizing IT systems and adopting artificial intelligence more effectively
  • The transaction marks EQT’s first IT services investment in Japan, reinforcing the firm’s ambition to expand its presence in the market and aligning with its global thematic focus on technology and technology-enabled services
  • Following a successful completion of the acquisition, EQT will support MAMEZO’s ongoing operations and strategic priorities through its mid-market buyout strategy, drawing on its long-standing presence in Japan and experience in scaling technology services companies

TOKYO – 23 January 2026 – EQT today announced that BPEA EQT Mid-Market Growth Partnership (the “MMG Fund” or “EQT”) will launch a tender offer (the “Tender Offer”) to acquire MAMEZO Co., Ltd. (“MAMEZO” or the “Company”; ticker symbol: TSE 202A), a Japanese IT services company that supports enterprises in modernizing IT systems and adopting artificial intelligence, at an offer price of JPY 3,551 per share.

Headquartered in Tokyo, MAMEZO is a leading IT consulting firm that helps companies modernize IT systems, design digital platforms and system architecture, and enhance their organization capabilities to work with new technologies, including AI and cloud adoption. The Company works closely with clients in the manufacturing, automotive, and financial services sectors, helping them improve operational efficiency and address labor and productivity challenges by implementing AI, Robotics, and other digital technology.

Following the successful completion of the acquisition, EQT expects to acquire full ownership of MAMEZO to support the Company’s ongoing operations and strategic priorities, leveraging EQT’s extensive track record in technology-enabled services and its long-standing presence in Japan. EQT will collaborate with Itochu Corporation as a strategic partner to drive long-term value for the company.

Tetsuro Onitsuka, Partner, EQT Private Capital Asia, said: “Japan is entering a pivotal phase in its digital and AI transformation, and MAMEZO is well-positioned to support enterprises navigating this shift. This investment reflects EQT’s long-standing presence in Japan and the deep relationships we have built with founders, management teams and advisors over many years. It also marks EQT’s first entry into the IT services sector in Japan and aligns with our conviction in the structural growth of technology-enabled services and the increasing importance of AI-driven digital transformation across industries. Through our mid-market strategy, EQT is able to partner with high quality companies across the full spectrum of growth. We look forward to supporting the Company’s continued development as part of EQT’s broader presence in Japan.”

EQT’s mid-market buyout strategy is a natural extension of EQT’s established large-cap buyout platform in Asia Pacific and leverages EQT’s pan-Asian presence to support portfolio companies. EQT has been an active investor in the technology and technology services sector in Asia Pacific through its mid-market and large-cap strategies. EQT’s mid-market portfolio includes, but is not limited to, CareNet and HRBrain in Japan, Compass Education in Australia, and WSO2 and Indium in India.

Please note that the consummation of the acquisition is subject to customary conditions.

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of the BPEA EQT Mid-Market Growth Partnership will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document obtainable from the issuer or its agents and would contain detailed information about the issuer and its management, as well as financial statements. The securities may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Regulations on Solicitation

This press release is intended to provide information relating to the Tender Offer to the public and has not been prepared for the purpose of soliciting an offer to sell shares. If shareholders wish to sell their shares, they should first read the Tender Offer Explanation Statement concerning the Tender Offer for information on the means by which they may tender their shares in the Tender Offer. This press release shall neither be, nor constitute a part of, an offer to sell or purchase, or a solicitation to sell or purchase, any securities in any jurisdiction in which such an offer or solicitation may not be permitted, and neither this press release (or any part of it) nor its distribution shall be interpreted to constitute the basis of any agreement in relation to the Tender Offer, and this press release may not be relied upon at the time of entering into any such agreement.

US Regulations

The Tender Offer will be implemented in compliance with the procedures and information disclosure standards of the Financial Instruments and Exchange Act of Japan, which are not necessarily identical to the procedures and information disclosure standards applied in the United States. Specifically, the requirements of Section 13(e) and Section 14(d) of the U.S. Securities Exchange Act of 1934 (as amended, the “Securities Exchange Act”) and the rules promulgated thereunder do not apply to this Tender Offer, and the Tender Offer is not necessarily in compliance with those procedures and standards. Any financial information contained in this press release has been prepared based on Japanese generally accepted accounting principles, which may not be comparable to the financial statements of U.S. companies. In addition, it may be difficult for shareholders to enforce their rights or make claims arising under U.S. securities laws, since the Company is incorporated outside the United States and all or some of its directors and officers are residents outside the United States. In addition, shareholders may not be able to commence legal proceedings in courts outside of the U.S. against a non-U.S. company or its directors or officers for violations of U.S. securities laws, and U.S. courts may not grant jurisdiction over a non-U.S. company or its directors or officers.

The Tender Offeror, its financial advisors and the tender offer agent (and their respective affiliates) may purchase or take actions to purchase, by means other than the Tender Offer, shares, or options representing shares, of the Company for their own account or for the account of their customers, to the extent permitted by Japanese financial instruments exchange laws and other applicable laws and regulations in Japan, in accordance with the requirements of Rule 14e-5(b) of Securities Exchange Act.

If any shareholder of the Company exercises their right to require the purchase of shares less than one unit as prescribed by the Japanese Companies Act, the Company may purchase its own shares during the Tender Offer period in accordance with applicable legal procedures.

All procedures relating to the Tender Offer will be conducted in the Japanese language. While some or all documents related to the Tender Offer may be prepared in English, the Japanese-language documents will prevail in the event of any discrepancies between the English and Japanese documents.

This press release contains “forward-looking statements” as defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act. Actual results may differ materially from the projections or expectations expressed or implied by such forward-looking statements due to known or unknown risks, uncertainties, and other factors. None of the tender offeror, the Company, or any of their respective affiliates guarantees that the forward-looking statements expressed or implied herein will prove to be accurate. Forward-looking statements in this press release are based on information available to the tender offeror as of the date of this release. Except as required by law, neither the tender offeror nor any of its affiliates undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Other National Regulations

The release, issue or distribution of this press release may be subject to legal or regulatory restrictions in certain jurisdictions. Persons who come into possession of this press release should inform themselves of and observe any applicable restrictions. In any jurisdiction where the conduct of the Tender Offer is unlawful or subject to regulatory restrictions, this press release shall not constitute an offer to sell or buy any securities or a solicitation of such an offer, and shall be deemed to have been sent for information purposes only.

Contact:
EQT Press Office, press@eqtpartners.com

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About EQT

EQT is a purpose-driven global investment organization with EUR 270 billion in total assets under management (EUR 141 billion in fee-generating assets under management) as of 31 December 2025, within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership

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

About MAMEZO
MAMEZO Co., Ltd. was founded in 1999 with the aim of promoting software engineering, including object-oriented technology, across industries and enterprises. Since its establishment, the company has focused on AI-driven software engineering, engaging in initiatives such as robotics, factory digitalization through AI and IoT, integration of in-vehicle ECUs, and the modernization of core enterprise systems using ERP and open-source technologies. With deep expertise in both hardware and software, as well as extensive experience in the development and application of AI, MAMEZO supports companies in enhancing their digital competitiveness.

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Ardian and Rockfield add 1.500 beds to Its Pan-European PBSA Strategy with Three Major Transactions in France, Spain and Italy

Ardian

Ardian and Rockfield signed the forward acquisition of a new 427-bed project in Milan, the forward acquisition of a 327-bed project in Bordeaux and acquired a 750-bed standing asset in Barcelona.
● Bordeaux marks the first investment in France for Ardian and Rockfield’s PBSA strategy.
● Since its launch in Q4 2024, Ardian and Rockfield’s PBSA strategy has completed 12 transactions, representing ca. 6,000 beds in Europe’s main university hubs, positioning Ardian and Rockfield as one of the leading Continental European PBSA investors.

Ardian, a global private investment firm, and Rockfield, Europe’s top-tier vertically integrated living platform, announce a significant acceleration of their Purpose-Built Student Accommodation (PBSA) strategy with the recent signing of three major transactions across Italy, France and Spain.

The strategy has been very active investing across the continent since launching in Q4 2024. Looking ahead to 2026, there is a strong, advanced pipeline across the various countries, suggesting that the investment pace will continue to be as active as this year.

First Acquisition in France: A 327-bed PBSA Project in Bordeaux
Ardian and Rockfield have signed the acquisition of a 327-bed project in the Bastide Niel eco-district of Bordeaux, marking their first PBSA transaction in France. The asset acquired from Legendre Immobilier under a forward-purchase structure (VEFA), will welcome its first students in 2028. The project includes more than 500 sqm of common areas (coworking, lounge, gym, gaming room, shared kitchens, bike storage, terraces) and over 1,000 sqm of landscaped gardens.

It aims to meet the highest environmental standards: NF HQE 7*(Excellent), RE2020 compliance, EPC B, and solar panels meeting a large proportion of the development’s energy needs.
Located in the Bastide Niel eco-district, a mixed-use redevelopment area, the property is a 5-minute walk from key public transport routes, with direct access to the city centre.

Bordeaux is the 5th largest student city in France, with over 100,000 students in the city and its surroundings, and yet it remains one of the most undersupplied in terms of student housing. This project will aim to deliver both social value and long-term economical resilience.

Barcelona – Aparto Pallars is a 750-bed student residence located in Barcelona’s 22@ innovation district
Ardian and Rockfield have acquired Aparto Pallars, a 750-bed residence located in the 22@ innovation district. The asset, spread across five interconnected buildings and operational since 2022, enjoys a strategic location near several higher education institutions, including Pompeu Fabra University and Toulouse Business School. This marks the PBSA’s strategy third acquisition in Spain and consolidates the partnership’s presence as one the leading investors in the region. Leveraging our capabilities to deliver multiple typologies and more affordable price points across two state-of-the-art projects, we are able to meet diverse student needs while strengthening our presence as one of the leading investors in the region.

Milan – Project Certosa, a highly strategic addition to Ardian’s PBSA portfolio 
Ardian and Rockfield are strengthening their presence in Italy with the signing of a preliminary agreement for the forward acquisition of a new 427 bed project in viale Certosa, Milan. With this transaction the platform reaches a portfolio of 2.000 beds in Italy, positioning itself as a market leader. The seller is an SPV jointly owned by Keystone Investments and Mediterranea Immobiliare.

Located in a rapidly evolving urban district, the asset will be transformed into a sustainable student residence with excellent connectivity to Milan’s Bovisa Politecnico University. The building will be redeveloped into a state-of-the-art PBSA scheme, offering a wide range of high-quality amenities — including study rooms, indoor and outdoor gyms, padel and basketball courts, a cinema room, games areas and landscaped communal spaces — all designed to foster wellbeing, social interaction and a balanced student lifestyle. The project targets LEED Gold and EPC A environmental certifications. This transaction further cements the platform’s conviction for the Italian market, adding to an already strong portfolio, which includes assets in Florence, Bologna, and Milan, some of Europe’s most supply-constrained student markets.

“Our first PBSA investment in France represents a key milestone for our pan-European student housing platform. As the continental European country with the largest student population and a clear need for high-quality student accommodation, France offers strong fundamentals for investment in the sector. Bordeaux combines strong academic momentum driven by a structural need for new accommodation solutions. The project perfectly reflects the fund’s strategy: developing sustainable and innovative assets, in excellent locations, that meet the expectations of new generations.” Omar Fjer, Head of Real Estate France and Managing Director, Ardian.

“Adding 1,500 units simultaneously via 3 selective transactions to our growing portfolio strengthens our footprint in Europe – and in particular reflects our first step in France. It is interesting to see that such a deep market with urgent demand heavily lacks high-quality supply. We see a window of opportunity and are actively sourcing both operating and forward deals in the major French PBSA markets, as we aim to scale our French portfolio as part of our European portfolio materially over the coming years.” Mats Bartels, Investment Director Northern Europe, Rockfield.

“The acquisition of the new project in Viale Certosa represents an important step forward in our commitment to developing high-quality student accommodation in Italy’s main university cities. Milan, like Florence and Bologna, is among the most dynamic markets in Europe and faces a significant structural shortage of supply. This new investment brings the platform’s PBSA portfolio in Italy to a total of 2,000 beds, further strengthening our presence and our ability to address a real and growing need in the country. The acceleration of our PBSA strategy in Italy and across Europe confirms the strength of our platform and our long-term conviction in the sector’s growth potential.” Luca Migliaccio, Managing Director Real Estate, Ardian.

“This acquisition exemplifies the strength of our pan-European PBSA strategy and our belief in Barcelona’s innovation districts as key nodes for resilient, future-proof capital deployment. We see continued upside through active asset management, best-in-class operations and the delivery of sustainable, community-oriented living environments that appeal to today’s students and institutional investors alike.” Josep Bellmunt, Investment Director Southern Europe, Rockfield.

Participants List

  • Bordeaux

    • Ardian and Rockfield were advised by Linklaters, Arsène Taxand, C&C Notaires, Mindston Capital, Auris and Park Associati
    • Architects: MVRDV | CoBe

  • Barcelona

    • Ardian and Rockfield were advised by Linklaters, CBRE, and Garrigues
    • Commerz Real was advised by Savills and Cuatrecasas

  • Milan

    • Ardian and Rockfield were advised by Studio Inzaghi, Yard Reaas, Pedersoli Gattai, Joivy
    • Mediterranea Immobiliare S.p.A. and Keystone Investments s.r.l. were advised by Advant NCTM, Vitale&Co. S.p.A., Nasini Architetti

ABOUT ARDIAN

In a world of constant evolution, Ardian stands out for its ability to anticipate, adapt, and turn challenges into opportunities. As a global, diversified private markets firm with 22 offices and more than 350 investment professionals worldwide, we provide investment and customized solutions that reflect new economic dynamics and help our clients remain resilient in a changing world.
We deliver multi-local expertise and long-term performance for our investors and partners as well as shared value for the broader society. Since Ardian’s inception in 1996, our pioneering approach to diversification and our ability to offer tailor-made solutions at scale have remained the heart of our strategy.
Through commitment, knowledge and technology, we bring lasting value to our companies and contribute positively to the whole industry.
Ardian currently manages or advises $196bn for more than 1,890 clients worldwide across Private Equity, Real Assets, and Credit.
Ardian. Mastering change for lasting value.

ardian.com

ABOUT ROCKFIELD

Rockfield Real Estate is Europe’s top-tier vertically integrated investment, development, and operating platform specializing in European residential real estate. Founded in 2014, the firm has built a strong presence, first in the Netherlands and now across Continental Europe. Managing +€2.5 billion in current active assets under management, Rockfield oversees +9,000 residential units and has developed +10,000 homes.

Catering to institutional clients, the firm leverages its expertise in sustainable and future-proof real estate, with a strong focus on ESG principles. Rockfield’s entrepreneurial mindset enables it to identify and execute high-quality investment opportunities. Looking ahead, Rockfield remains committed to creating enduring value for stakeholders and positively shaping communities through its forward-thinking residential real estate strategies.

Media contacts

Ardian

HEADLAND

ardian@headlandconsultancy.com

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Accent Equity-owned Lyngsoe Systems acquires mk Solutions’ business in North America

Accent Equity
  • Lyngsoe Systems has acquired mk Solutions’ (“mkS”) business in North America, comprising high-end automated handling systems and self-check solutions for libraries
  • Following the acquisition, Lyngsoe Systems gains the right to sell mkS’s products in the US and Canada and becomes the sole supplier of support and service for existing customers in North America
  • The acquisition strengthens Lyngsoe Systems’ position and service capacity in the North American library market

Effective 1 January 2026, Lyngsoe Systems has acquired mk Solutions’ (“mkS”) business in North America, which comprises high-end automated handling systems and self-check solutions for libraries. The acquisition is carried out through Lyngsoe Systems Inc., the North American entity within Lyngsoe Systems Library Solutions.

As a result of the acquisition, Lyngsoe Systems obtains the right to sell mkS’s products in the US and Canada. It will also be the sole supplier of support and service for existing customers in North America. Ongoing project deliveries will continue to be completed by mkS in cooperation with Lyngsoe Systems. mkS’s European and further international operations remain unchanged.

“The acquisition of mk Solutions is a natural step for us, as it aligns with our strategy and our product portfolios targeted at these markets complement each other. Equally important for both companies is our commitment to delivering exceptional service and creating meaningful value for our customers,” says Henrik Kjeldgaard, CEO of Lyngsoe Systems Library Solutions.

 

“This acquisition is fully aligned with Lyngsoe Systems Library Solutions’ strategy and strengthens its platform in North America. We are pleased to support the team as they broaden their offering and continue to build long-term value through reliability and close customer partnership,” says Carl Fürstenbach, Chairman of Lyngsoe Systems and Partner at Accent Equity.

For additional information, please contact:

Carl Fürstenbach, Partner at Accent Equity, carl.furstenbach@accentequity.se, +46 70 322 98 99
Henrik Kjeldgaard, CEO of Lyngsoe Systems Library Solutions, hkj@lyngsoesystems.com, +45 96 98 09 80

About Lyngsoe Systems:
Lyngsoe Systems, founded in 1952, is one of the world’s leading software developers and system integrators of logistical solutions. The company’s advanced solutions include asset-tracking and automation for a wide range of complex logistical environments. Lyngsoe Systems Library Solutions develops, manufactures, delivers, and services innovative and reliable library solutions, including automated material handling and self-service equipment.
lyngsoesystems.com

About mk Solutions:
mk Solutions GmbH is a leading provider of high-end automated handling systems and self-check solutions, including innovative 24/7 library systems. The company develops and manufactures hardware, with proprietary software that powers these systems and supports library workflows.
mksolutions.com

About Accent Equity:
Accent Equity has since 1994 invested in private Nordic companies where a new partner or owner can serve as a catalyst. Our ambition is to invest in and develop the companies to be Nordic, European or Global leaders through a professional, hands-on and long-term oriented approach that results in superior and sustainable returns.
accentequity.se

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EQT to combine with Coller Capital to enter secondaries, marking the next step in EQT’s strategic evolution

eqt

  • EQT to acquire Coller Capital, a leading global secondaries firm with nearly USD 50 billion in total assets under management1 across institutional, private wealth and insurance-related capital
  • The combination advances EQT’s ambition to build the most attractive private markets firm of scale, delivering industry-leading performance and solutions globally
  • As a pioneer in secondaries, Coller Capital is an excellent strategic fit with a global footprint that includes an established client solutions platform, with a strong track record of performance and innovation
  • The Transaction will enhance EQT’s growth, as the combination unlocks opportunities for both firms within the secondaries market, which is expected to more than double by 20302
  • Jeremy Coller and the Coller Capital leadership team will continue to lead the business as part of EQT, while maintaining the independence of Coller’s origination and investment process
  • The Transaction is structured to ensure alignment through share ownership and a growth oriented contingent consideration
  • The base consideration of USD 3.2 billion is to be funded through newly issued EQT ordinary shares, with up to USD 500 million in contingent consideration to be funded in cash3
  • The Transaction is expected to be mid-single-digit accretive to EQT’s fee-related earnings

EQT AB (“EQT”) is pleased to announce that it has signed an agreement to acquire Coller Capital (“Coller” or “Coller Capital”, and the “Transaction”), a global secondaries firm with nearly USD 50 billion in total assets under management (USD 33 billion in fee-generating assets under management)1.

Founded in 1990, Coller Capital is one of the largest dedicated secondaries firms globally with a 35-year track record of innovation in the fast-growing secondaries markets. The firm provides liquidity solutions to both general partners and limited partners, investing across private equity secondaries and private credit secondaries. Headquartered in the UK, Coller Capital has a global team of 330 professionals, including 77 investment professionals, based in 11 offices around the world. Coller Capital offers a diversified client proposition spanning institutional funds, private wealth evergreen products and insurance-dedicated solutions.

The Transaction brings together EQT’s global scale, established multi-strategy platform and active ownership model with Coller Capital’s specialist secondaries expertise, data and analytics capabilities developed over a 35-year history and a track record of consistently delivering strong investment performance and innovative solutions across secondaries. This combination advances EQT’s ambition to build the most attractive private markets firm of scale, delivering industry-leading performance and solutions globally. Together, the two firms will be able to strengthen relationships and opportunities with institutional, private wealth and insurance-related clients while creating a deeper global EQT platform across private equity, infrastructure, real estate and secondaries.

Strategic rationale

Private markets are shaped by broader demand for strategic liquidity tools, longer-term ownership models and continued product innovation. This trend reinforces the strategic importance of secondaries – a market that grew 41% in 2025 with deal volumes reaching USD 226 billion4 – and is expected to more than double by 20302. As private markets evolve, the combination with Coller Capital is a natural extension of EQT’s platform to strengthen its relevance for both institutional and private wealth clients.

As clients seek to deepen their relationships with fewer firms, the combination also positions EQT to benefit from greater scale with a diversified platform of high-performing investment strategies across asset classes. The Transaction creates a global EQT platform across private equity, infrastructure, real estate and secondaries, with offices in key global markets.

Coller Capital’s specialist secondaries capabilities, first-quartile investment performance track record5 and culture of innovation complement EQT’s active ownership model and future-proofing capabilities. The combination brings together two global firms with European roots who share closely aligned values, including a rigorous focus on investment performance, a culture of innovation and the ambition to be a strategic partner for their clients.

The combination will unlock growth opportunities for both platforms:

  • Expand into adjacent secondaries across real assets to accelerate Coller Capital’s growth beyond private equity and credit secondaries
  • Utilize the combined global platform to scale Coller Capital’s secondaries platform in the fast-growing and structurally underpenetrated Asian markets with a combined on-the-ground presence of approximately 390 FTEs6
  • Strengthen institutional client relationships through an enhanced product offering and the ability to deliver integrated solutions and client servicing across cycles
  • Accelerate EQT’s private wealth offering by adding four evergreen products with a total NAV of USD 4.1 billion7, while leveraging Coller Capital’s existing strategic partnership with State Street to scale global distribution, as well as EQT’s brand and marketing, and global institutional relationships
  • Build out insurance-dedicated solutions across secondaries and the broader EQT platform, building on Coller Capital’s strong position, in-house structuring capabilities and insurance market expertise
  • Drive continued innovation in secondaries by applying EQT’s digital, data and AI capabilities to client solutions

Per Franzén, CEO and Managing Partner of EQT, said, “Entering the secondaries space with Coller represents a natural and important step in EQT’s strategic development. Secondaries have become an increasingly important tool for clients in managing liquidity and portfolio construction, and in supporting long-term ownership of high-quality assets. Coller is a global leader in this field, with deep expertise. The transaction unlocks growth opportunities for both firms. Together, I believe we can double the size of Coller’s business in less than four years. As a combined firm, we will be exceptionally well positioned to deliver integrated solutions across both primary and secondary markets, underpinned by a disciplined focus on performance.”

Jeremy Coller, Chief Investment Officer and Managing Partner of Coller Capital, said, “This partnership marks a defining moment for Coller. We are bringing more than 35 years of secondaries expertise to EQT to realize our shared ambition to shape the future of private markets. The opportunities ahead are compelling, from accelerating innovation in secondaries to broadening the secondary solutions we can deliver to investors worldwide. As Coller EQT, we will maintain our strong alignment with our investors and the independence of our world class origination and investment process. Together, we are exceptionally well positioned to deliver best-in-class private market solutions for our investors.”

As part of the Transaction, the current Coller Capital minority shareholder, State Street, will become a shareholder in EQT. Yie-Hsin Hung, President and CEO of State Street Investment Management, said, “We see this as an exciting evolution in our strategic partnership with Coller Capital. We are keen to expand our engagement efforts to include EQT’s breadth of capabilities, as well as the opportunity for Coller Capital to expand its secondaries offering to include real assets, strengthening the platform. Together with EQT, we look forward to improving access to private markets solutions and innovating for clients worldwide seeking diversification and better outcomes.”

Organizational set-up and governance

Following the Transaction’s closing, Coller Capital will form a new business platform within EQT, to be branded “Coller EQT”. Coller EQT will form part of a new Secondaries business segment, alongside EQT’s existing Private Capital and Real Assets segments. Jeremy Coller will become Head of Coller EQT, reporting directly to Per Franzén, EQT’s CEO and Managing Partner, and join EQT’s Executive Committee. Coller EQT’s origination and investment process will remain independent.

Key Transaction details

  • EQT will acquire 100% of the Coller Capital management company, the Coller Capital general partner entities which control the Coller Capital funds, and 10% of carried interest in the most recent private equity secondaries flagship fund (CIP IX), which had a final close on 31 December 2025 at USD 10.2 billion in fee-generating commitments, resulting in a total fund size of USD 14.2 billion8
  • EQT will be entitled to invest in 35% of the carried interest in all future closed-ended funds of Coller Capital, in line with existing EQT policies
  • Base consideration of USD 3.2 billion on a cash and debt free basis, to be funded in EQT ordinary shares to be issued at closing at a set price of SEK 355 per share (the “Base Consideration Shares”), corresponding to approximately 81 million shares9 (corresponding to approximately 7% of shares outstanding). The Base Consideration Shares will be entitled to dividends with record dates post-closing
  • Contingent consideration of up to USD 500 million based on Coller Capital’s business performance in the 12 months up to and including March 2029, to be funded in cash but with commitment from certain key members of Coller Capital’s management (receiving approximately 64% of the contingent consideration) to reinvest the net contingent consideration proceeds in ordinary EQT shares (see further under “Share consideration and lock-up”)
  • The Transaction is subject to customary closing conditions, including regulatory approvals and certain Coller Capital fund investor consent approvals. The Transaction is expected to close in Q3 2026
  • If closing of the Transaction has not been completed by EQT’s Annual Shareholders’ Meeting on 12 May 2026, the Transaction is further conditional upon EQT’s shareholders authorizing the Board of EQT to issue the Base Consideration Shares
  • The Transaction is expected to be mid-single-digit accretive to EQT’s fee-related earnings

Share consideration and lock-up

The selling shareholders of Coller Capital are Jeremy Coller (receiving approximately 72% of the base consideration and approximately 29% of the contingent consideration), institutional minority sellers (the “Institutional Minority Sellers”) (receiving approximately 19% of the base consideration and approximately 8% of the contingent consideration) and other key members of Coller Capital’s management (the “Key Persons”) (receiving approximately 9% of the base consideration and approximately 64% of the contingent consideration).

Base consideration

Approximately 60% of the Base Consideration Shares received by Jeremy Coller and Key Persons will be subject to customary lock-up agreements10. Such lock-up agreements will be, in all material respects, consistent with those entered into in connection with other acquisitions by EQT and will, with the exception of Jeremy Coller, include a leaver and share forfeiture mechanism.

For Jeremy Coller, the Base Consideration Shares subject to lock-up will be released from lock-up in three equal tranches, with one-third released following EQT’s Q3 announcement in each of 2028, 2029 and 2030, respectively.

For the Key Persons, the Base Consideration Shares subject to lock-up will be released from lock-up in three equal tranches, with one-third released following EQT’s Q3 announcement in each of 2029, 2030 and 2031, respectively.

For the Institutional Minority Sellers, the Base Consideration Shares are not subject to lock-up provisions.

Contingent consideration

Key Persons will receive any contingent consideration in cash but will commit to reinvest the net proceeds (post any applicable taxes) in ordinary EQT shares (the “Contingent Consideration Shares”). The Contingent Consideration Shares will be subject to customary lock-up agreements consistent with those entered into regarding parts of the Base Consideration Shares. The Contingent Consideration Shares will be released from lock-up in three equal tranches, with one-third released following EQT’s Q3 announcement in each of 2029, 2030 and 2031, respectively.

Jeremy Coller and the Institutional Minority Sellers will receive any contingent consideration in cash, without reinvestment commitment.

Selected financial information for Coller Capital

USDm11 2023 2024 2025E
Fee-generating AUM (EoP, USDbn) 18 23 33
YoY growth n.a. 29% 53%
Fee-related revenue 170 200 330
YoY growth n.a. 18% 65%
Fee-related EBITDA12 65 75 145
Fee-related EBITDA margin 39% 39% 44%

Coller Capital’s fee-generating AUM is expected to be at approximately USD 40 billion at year-end 2026, generating USD 350-375 million in fee-related revenue and USD 175-200 million in fee-related EBITDA during 2026 with a fee-related EBITDA margin of approximately 50%13.

Advisors

UBS is acting as financial adviser to EQT in relation to the Transaction, and Ropes & Gray and Vinge are acting as EQT’s legal counsel. Morgan Stanley & Co. International plc is acting as financial adviser to Coller Capital, and Kirkland & Ellis and Roschier are acting as legal counsel to Coller Capital and the selling shareholders.

Notes

1 Coller Capital estimate as per 31 December 2025.
2 Coller Capital estimate.
3 Approximately USD 65 million of the base consideration is payable in cash at completion of the Transaction. The final share portion of the base consideration is subject to customary purchase price adjustments based on Coller Capital’s completion accounts. Key members of Coller Capital management (excluding Jeremy Coller) will commit to reinvest the net contingent consideration proceeds in ordinary EQT shares, see further under “Share consideration lock-up”.
4 Evercore 2025 Secondary Market Highlights.
5 Preqin as of 31 December 2025 (or latest if not available). Refers to weighted average net MOIC with vintage years between 2004-2023 (CIP V-VIII) raised by the largest 16 secondaries managers that have a fund from before the 2008-financial crisis with performance data, as defined by assets raised in Preqin.
6 As of 31 December 2025. Approximately 350 EQT FTEs and 40 Coller Capital FTEs.
7 Estimated as per 31 December 2025.
8 Includes total CIP IX fund size, associated co-investments and SMAs.
9 Approximately USD 65 million of the base consideration is payable in cash at completion. The final share portion of the base consideration is subject to customary purchase price adjustments based on Coller Capital’s completion accounts.
10 For Key Persons, the final number of Base Consideration Shares under lock-up will be subject to customary purchase price adjustments based on Coller Capital’s completion accounts.
11 Unaudited GAAP accounts adjusted for go-forward transaction parameter and with estimated 2025 figures. Rounding of management fees and fee-related EBITDA to the closest USD 5 million.
12 The first fund EQT has the right to carried interest in is CIP IX which had a final close on 31 December 2025 at USD 10.2 billion in fee-generating commitments.
13 Estimate on a standalone basis, subject to fundraising environment.

Contact

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15

EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

This is information that EQT AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 06:50 CET on 22 January 2026.

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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 EUR 267 billion in total assets under management (EUR 139 billion in fee-generating assets under management) as of 30 September 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

About Coller Capital

Coller Capital is a global leader in the secondary market for private assets, renowned for being a pioneer and innovator in the asset class. Founded in 1990, Coller provides investment and liquidity solutions to private market investors worldwide, and currently manages nearly USD 50 billion in private equity, private credit, and other private market vehicles. With headquarters in London and offices across North America, Europe, and Asia Pacific, our multinational team offers a truly global reach.

Coller has exclusively focused on secondary investing since inception and today boasts one of the largest dedicated investment teams in the asset class. Coller’s Private Wealth Secondaries Solutions (PWSS) business offers perpetual funds to eligible private wealth investors globally.

For more information, visit www.collercapital.com  

Other

This press release contains forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward- looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond EQT’s control, which may cause actual results to differ significantly from those expressed in any forward- looking statement. All forward-looking statements reflect EQT’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, EQT disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes.

UBS Europe SE (“UBS”) is authorised and regulated by the Bundesanstalt für Finanzdienstleistungaufsicht (BaFin) and the European Central Bank (ECB). UBS is acting as financial adviser to EQT AB and no one else in connection with the transaction described herein. In connection with such matters, UBS, its affiliates and their respective directors, officers, employees and agents will not regard any other person as their client, nor will they be responsible to any other person for providing the protections afforded to their clients or for providing advice in relation to the transaction described herein, the contents of this announcement or any other matter referred to herein.

Morgan Stanley & Co. International plc (“Morgan Stanley”) is acting as financial advisor to Coller Capital and to no one else. Morgan Stanley is authorised by the Prudential Regulation Authority (“PRA”) and regulated by the Financial Conduct Authority and the PRA. In connection with such matters, Morgan Stanley’s and its affiliates’ respective directors, officers, employees and agents will not regard any other person as its client, nor will Morgan Stanley be responsible to anyone other than Coller Capital for providing the protections afforded to their clients or for providing advice in connection with the matters described in this announcement or any matter referred to herein.

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Eldridge and Carlyle AlpInvest Partner to Launch the Eldridge Diversified Credit Platform and the Closing of its First Fund, EDCF I

Carlyle

New York, NY — January 22, 2026 – Eldridge and Carlyle AlpInvest today announced the successful closing of Eldridge Diversified Credit Fund I (“EDCF I” or the “Fund”), the inaugural fund in Eldridge’s diversified credit platform. As part of the transaction, Carlyle AlpInvest, who served as a limited partner in this transaction, and its co-investors made an equity commitment to Eldridge managed vehicles which, when combined with debt financing from BNP Paribas, is expected to provide up to approximately $1.5 billion in investable capital.

EDCF I was established through a credit secondary solution anchored by the purchase of a diversified portfolio of loans and leases from Eldridge and its affiliates. The Fund’s capital base includes commitments from leading institutional investors globally.

“Our goal is to meet the evolving needs of institutional borrowers while generating attractive returns through a differentiated, multi-strategy credit platform,” said Nicholas Sandler, Co-President and Co-Head of Diversified Credit at Eldridge Capital Management. “The Fund reflects our disciplined origination and structuring, designed with flexibility to support borrowers up and down the capital structure. We are grateful for the trust placed in us by our investors and look forward to continuing to execute on our strategies.”

“We are pleased to partner with Eldridge on its first diversified credit fund and support this next phase of growth,” said Mike Hacker, Partner at Carlyle AlpInvest. “Eldridge’s highly compelling diversified credit platform combines its corporate credit capabilities with its leading asset-based equipment origination franchise, creating a broader and more flexible toolkit for navigating the market. We look forward to continuing our partnership across future initiatives.”

“EDCF I is built around a diversified, high-quality private credit portfolio that highlights Eldridge’s differentiated origination and underwriting capabilities,” said Justin Karp, Managing Director at Carlyle AlpInvest. “By structuring a tailored managed fund solution, we were able to support the evolution of Eldridge’s captive platform while preserving its core strategy and differentiation.”

BNP Paribas arranged and led a senior credit facility to support EDCF I.

PJT Partners served as lead financial adviser and Jefferies served as co-lead. Kirkland & Ellis LLP acted as legal counsel to Eldridge. Ropes & Gray LLP acted as legal counsel to Carlyle AlpInvest.

About Eldridge

Eldridge is an asset management and insurance holding company with over $70 billion in assets under management, consisting of two divisions: Eldridge Capital Management and Eldridge Wealth Solutions. Eldridge Capital Management, through its subsidiaries, focuses on four investment strategies: diversified credit, GP solutions, real estate credit, and sports & entertainment. Eldridge Wealth Solutions, an insurance and retirement solutions platform, is comprised of Eldridge’s wholly owned insurance companies, Security Benefit and Everly Life. Eldridge is wholly owned by Eldridge Industries. To learn more, visit www.eldridge.com.

About Carlyle AlpInvest

Carlyle AlpInvest is a leading global private equity investor with $102 billion of assets under management and more than 700 investors as of September 30, 2025. It has invested with over 370 private equity and credit managers and committed over $111 billion across primary commitments to private equity and credit funds, secondary transactions, portfolio financings, and co-investments. Carlyle AlpInvest employs more than 290 people in New York, Amsterdam, Hong Kong, London, and Singapore. For more information, please visit www.carlylealpinvest.com.

Media Contacts

Eldridge

eldridgePR@prosek.com

Carlyle

Kristen Ashton

Kristen.ashton@carlyle.com

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Lovell Minnick Announces Successful Close of Single Asset Continuation Vehicle for SRS Acquiom

Carlyle

The transaction, led by Carlyle AlpInvest, will enable SRS to accelerate growth and capitalize on new opportunities

PHILADELPHIA & LOS ANGELES & NEW YORK–(BUSINESS WIRE)–Lovell Minnick Partners (“Lovell Minnick”), a private equity firm focused on investments in financial services, business services, and financial technology companies, today announced the successful close of a single asset continuation vehicle for SRS Acquiom (the “Company”), a company that provides a comprehensive platform to help manage merger and acquisition transactions as well as bilateral and syndicated loan facilities.

This transaction, led by Carlyle AlpInvest, further extends Lovell Minnick’s longstanding partnership with SRS Acquiom, which began in 2018 when Lovell Minnick completed a majority investment in the Company. In the seven years since Lovell Minnick invested in the Company, SRS Acquiom has grown its breadth and depth of service offerings and expanded internationally. This partnership has resulted in substantial growth in revenue, profitability, and new jobs created throughout the organization, while also generating strong returns for Lovell Minnick’s investors.

Extending this partnership allows current and new investors, co-investors, and members of SRS Acquiom’s management team to continue their active involvement as shareholders alongside Lovell Minnick and Carlyle AlpInvest. It also underscores SRS Acquiom’s broader strategic priorities, including its ongoing international expansion across the UK and Europe, a continued focus on strategic acquisitions, and the Company’s commitment to further growing its presence and suite of tech-enabled solutions in core markets.

“This continuation fund underscores our strong conviction in SRS Acquiom as they further their position as a leader in the transaction services market,” said Steven Pierson, Managing Partner at Lovell Minnick. “As we deepen our partnership with the SRS team, we look forward to providing additional resources to support the Company’s next phase of growth.”

“SRS prioritizes bringing advanced technology and high-quality services to its clients, helping transform the future of how M&A transactions and private credit deals are managed,” said Tom Hutchins, Principal at Lovell Minnick. “We look forward to continuing our work with the Company’s management team to accelerate growth and launch several new solutions for clients.”

“SRS Acquiom has consistently demonstrated strong growth while establishing a differentiated market position,” said Michael Hacker, Partner, Carlyle AlpInvest. “Lovell Minnick has built impressive scale with the business over the past decade, and we’re excited to invest alongside them to support SRS Acquiom’s continued momentum.”

“Lovell Minnick shares our vision to streamline the M&A and loan agency processes,” said Paul Koenig, CEO of SRS Acquiom. “This transaction provides additional capital to support strategic acquisitions across our business, complementing our organic growth strategies. In terms of organic growth, the transaction enables us to further invest in our people, technology, and services to continue to deliver a best-in-class experience for our clients, while also supporting our expansion into international markets.”

Evercore served as the primary financial advisor to Lovell Minnick, and Kirkland & Ellis served as the primary legal counsel on the transaction.

About Lovell Minnick

Lovell Minnick Partners is a private equity firm with over 25 years of experience partnering with growth-oriented companies. Lovell Minnick leverages deep sector experience and a broad network of strategic advisors to help management teams scale their companies at an accelerated pace. The firm collaborates with executive teams seeking to achieve long-term success and value creation through organic growth and strategic acquisitions. Since inception in 1999, Lovell Minnick has raised over $5.8 billion of committed capital, invested in more than 55 unique platform companies and completed over 230 add-on acquisitions. Lovell Minnick targets growth-oriented, middle-market companies with a particular focus on companies in the financial services, business services, and financial technology sectors.

About Carlyle AlpInvest

Carlyle AlpInvest is a leading global private equity investor with $102 billion of assets under management and more than 700 investors as of September 30, 2025. It has invested with over 370 private equity managers and committed over $111 billion across primary commitments to private equity funds, secondary transactions, portfolio financings, and co-investments. Carlyle AlpInvest employs more than 290 people in New York, Amsterdam, Hong Kong, London, and Singapore. For more information, please visit www.carlylealpinvest.com.

About SRS Acquiom

SRS Acquiom delivers the smartest way to run a dealTM with solutions that reduce the administrative burden throughout the entire deal lifecycle. Our services include payments administration and escrow agent services, online document solicitation and reporting, professional shareholder representation, and virtual data rooms. For loan and credit transactions, we provide independent administrative, collateral, and sub-agent services. Since 2007, we have helped sophisticated deal parties reduce administrative drag, so they can focus on what they do best.

Contacts

Prosek Partners
pro-LM@prosek.com

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CapMan Real Estate and Holiday Club sign a 20-year lease agreement for Oulu Eden – the spa hotel to be fully refurbished and reopened in the first half of 2027

Capman

CapMan Hotels II, a fund managed by CapMan Real Estate, and Holiday Club Resorts have signed a new 20‑year lease agreement for Holiday Club Oulu Eden. The agreement launches a major refurbishment and redevelopment project aimed at returning Oulu Eden to active hotel, spa and conference use, and transforming it into an attractive destination for leisure and business travellers alike.

As part of the extensive redevelopment, Oulu Eden will reopen as a highly attractive travel destination within the rapidly developing Nallikari area. The hotel’s experience spa, sauna world, accommodation and restaurant concepts will be completely renewed, and the service offering will be enhanced to meet the needs of both leisure guests and corporate clients.

The renovation will be carried out in phases. The extensive refurbishment is scheduled for completion during the first half of 2027, after which the property will reopen as a fully renewed Holiday Club spa hotel.

“Oulu Eden has always played an important role for the city of Oulu and for tourism in the region. I am extremely pleased that Eden will be brought back into active use as a modernised, renewed and more energy‑efficient destination. This redevelopment is a significant step both for the future of the property and for the development of tourism in the area. It is great to execute this project together with a strong and long-standing partner,” says Noora Kuvaja, Investment Director, CapMan Real Estate.

“We are truly excited to redevelop Oulu Eden into a highly attractive travel destination and to bring it back as part of Holiday Club’s offering in Finland. We are returning to Oulu after almost 15 years, and I believe the completely renewed experience spa, the redesigned sauna world and the new restaurant concepts will attract not only local visitors but also domestic and international travellers. The beautiful coastal setting of Nallikari and the strong appeal of the City of Oulu provide an excellent foundation for Eden’s future development,” says Maisa Romanainen, CEO, Holiday Club Resorts.

Key facts – Holiday Club Oulu Eden

  • 170 rooms
  • Renewed experience spa and new sauna world
  • Attractive restaurant concepts
  • Meeting facilities for up to 500 guests

Further information

Noora Kuvaja, Investment Director, CapMan Real Estate, +358 40 522 8272
Maisa Romanainen, CEO, Holiday Club Resorts, +358 50 388 9686

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 Holiday Club Resorts

Holiday Club Resorts is one of the leading tourism and leisure housing companies in Finland, with operations also in Sweden and the Canary Islands. The company operates more than 30 destinations, including several full‑service spa resorts and over 2,200 holiday apartments, alongside more than 1,000 hotel rooms. Its resorts offer a wide range of services, from spa experiences and restaurants to sports and leisure activities. Each year, over one million holidays are spent at Holiday Club destinations, and the company has more than 120,000 holiday week owners. Holiday Club Resorts is owned by Mahindra Holidays & Resorts India Ltd., part of the Indian Mahindra & Mahindra conglomerate.

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