Category Archives: News

Unanet Launches New Asset, Inventory and Project Manufacturing Capabilities to Give GovCons the Scalable Solutions They Need for Complex Projects

JMI Equity

Acquisition of Flowtrac yields new capabilities to meet federal standards, automate tasks and improve productivity

Dulles, VA, November 1, 2023 – Unanet today announced new inventory and project manufacturing features for government contractors (GovCons). As the leading provider of enterprise resource planning (ERP) and customer relationship management (CRM) solutions for GovCons, Unanet is following through on its commitment to innovating its technology and meet the ever-growing needs of its customers. 

Carefully managing materials, inventory, assets, and the manufacturing process is a growing need among thousands of GovCons that deliver made-to-order products to their federal agency clients. From ruggedized laptops for the military to packaging vaccines for delivery, these products are highly specialized and require detailed and unique specifications along with ongoing project management, all of which must meet various compliance requirements. In addition to automating procurement, tracking government furnished property (GFP), supply chain management and other operations, Unanet’s customers can stay compliant by keeping inventory and manufacturing aligned with their accounting and ongoing project management.  

“GovCons told us they want these capabilities synchronized with their accounting and project management, so we listened and acted. We are committed to ensuring our customers have the tools they need for success,” said Craig Halliday, CEO of Unanet. “We’re effectively integrating best-in-class capabilities, so our customers have a one-stop-shop that meets all their needs upon implementation. Today’s news is just one more example of how we’re redefining what it means to be a customer-first solution provider.” 

Unanet’s inventory and project manufacturing capabilities come through a recent acquisition of Flowtrac Software, an exclusive Unanet partner who has fully integrated offerings within the Unanet platform. GovCons of all sizes such as Blue Halo and Innoflight have successfully integrated Unanet ERP with the Flowtrac tools.  

“The integration of Unanet and Flowtrac allowed us to streamline our processes and reporting to effectively manage procurement and inventory. We have seen reduced processing time and overhead costs while also getting everything we need for audit compliance,” said Patrick Lenahan, CFO of Innoflight. 

By acquiring the capabilities, Unanet now has the features as part of its platform, while also having the ability to invest in and refine the tools so they meet customers’ expanding needs. 

Available today, Unanet GovCon ERP with inventory and project manufacturing gives customers: 

  • Automatic connections between inventory, assets, manufacturing and finance. 
  • Simplified compliance with built-in guardrails and audit trails. 
  • Bill of materials (BOM) integration and project matching to track and allocate costs automatically.  
  • Ability to track products by quantity, lot, and even by serial/tag code. 
  • Inventory status and location down to aisle, bin and shelf. 
  • Receiving and ordering with BOM integration to automate backorder and task assignments. 
  • Customizable invoicing and billing workflows. 

Unanet’s acquisition of Flowtrac was a strategic move to add capabilities that will enrich the overall GovCon customer experience. Flowtrac will continue to provide industry-leading asset, inventory, and project manufacturing capabilities to the wide variety of industries it serves today. Currently, Flowtrac’s solutions are used by dozens of major GovCons and other successful companies.  

“Unanet’s customer focus, its drive to innovate, and its designation as a top workplace align closely with our culture, and our two companies complement each other perfectly,” said Stacy Tate, President and Founder of Flowtrac. “We are thrilled with the value our combined companies will deliver and look forward to a bright future, together.” 

“We welcome Flowtrac’s team and customer base to the Unanet family,” continued Halliday. “The possibilities for growth in a wide variety of industries and geographies are beneficial near-term and long. As a united team we will demonstrate true service and innovation, so our customers can achieve success on their terms.”  

About Unanet
Unanet is a leading provider of project-based ERP and CRM solutions purpose-built for government contractors, architecture, engineering, construction, and professional services. More than 3,700 project-driven organizations depend on Unanet to turn their information into actionable insights, drive better decision-making, maintain regulatory compliance, and accelerate business growth. All backed by a people-centered team invested in the success of your projects, people, and financials. For more information, visit www.unanet.com.  

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Warburg Pincus celebrates 10 years of investing in Vietnam

Warburg Pincus logo
  • U.S. Ambassador to Vietnam and Deputy Minister of Ministry of Planning and Investment of Vietnam speak to commemorate the event
  • The celebration marks a successful decade of investment, growth, and partnership in Vietnam
  • A substantial donation was announced to be made to support literacy program for primary school children, especially ethnic minorities, in Vietnam

Hanoi, November 9, 2023 – Warburg Pincus, the oldest private equity firm and a leading global growth investor, celebrates its 10th anniversary of investing in Vietnam. A celebration event was hosted in Hanoi with the attendance of Mr. Marc E. Knapper, U.S. Ambassador to Vietnam, and Mr. Tran Duy Dong, Deputy Minister of Ministry of Planning and Investment of Vietnam, along with senior leaders of the government agencies and business partners who have been pivotal in Warburg Pincus’ decade-long journey in Vietnam. On this special occasion, Warburg Pincus also announced a substantial donation of VND3.6 billion (US$150,000) to Room to Read, an international non-governmental organization (“NGO”) dedicated to improving education for children in Vietnam. This donation aims to support Room to Read’s Literacy Program for primary school children, especially ethnic minorities, across Vietnam.

Vietnam is one of Warburg Pincus’ top 5 investment destinations globally and currently the 3rd largest investment destination in Asia. Since 2013, Warburg Pincus has been at the forefront of investing in Vietnam, playing a significant role in the country’s economic growth and development. The company has invested nearly US$2 billion in businesses in Vietnam, making it the largest and most active global private equity investor in the country.

As a trusted partner of choice, Warburg Pincus has supported and partnered with best-in-class entrepreneurs across various sectors to drive innovation and sustainable development. Its equity investments range from real estate to financial services and technology, including BW Industrial, a leading logistics and industrial real estate platform in Vietnam; Vincom Retail, a leading retail real estate platform in Vietnam; MoMo, a leading digital financial services platform in Vietnam; Techcombank, a leading retail banking franchise in Vietnam; Lodgis, a leading hospitality platform and developer in Southeast Asia, and others. These industry leaders have collectively created more than 40,000 jobs across Vietnam, contributing to Vietnam’s economic growth and development. Additionally, the firm has completed two of the largest IPOs in Vietnam – Vincom Retail and Techcombank.

Chip Kaye, CEO of Warburg Pincus, in his opening remarks at the anniversary event, said, “Over the past decade, we have had the privilege of being part of Vietnam’s incredible growth journey. We have witnessed firsthand the remarkable progress that Vietnam has achieved under the leadership of its government, and we are proud to have played an important role in supporting the country’s economic development and transformation. Leveraging our global network, expertise, and capital, we have been able to support and build many industry leaders across multiple high-growth areas, contributing to Vietnam’s economic success. We are a strong believer in Vietnam’s future growth prospects and will remain steadfast in our commitment to the market in the decade ahead.”

Jeffrey Perlman, President of Warburg Pincus, announced the firm’s donation of VND3.6 billion (US$150,000) to Room to Read, an international NGO that has been dedicated to improving the lives of children through quality education and literacy programs in Vietnam for over 20 years.

“We would like to take this opportunity to share our deep appreciation for all of our partners and friends in Vietnam, whose passion and constant pursuit of excellence have been instrumental in getting us here today. Business success aside, we are immensely proud of the lasting value that we’ve created for our partners and the local community. Giving back to the community is deeply rooted in the firm’s DNA and we strongly believe that education is the key to unlocking the potential of individuals and improving their social and economic well-being. With this belief, we are truly excited about our new partnership with Room to Read to help improve literacy among children and ethnic minorities across Vietnam,” said Jeffrey Perlman.

***

Contact

Lisa Liang | Senior Vice President, Head of Marketing and Communications, China and Southeast Asia | E: lisa.liang@warburgpincus.com

Warburg Pincus

Warburg Pincus LLC is a leading global growth investor. The firm has more than US$84 billion in assets under management. The firm’s active portfolio of more than 250 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Since its founding in 1966, Warburg Pincus has invested more than US $113 billion in over 1,000 companies in more than 40 countries across its private equity, real estate, and capital solutions strategies. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com. Follow us on LinkedIn.

Warburg Pincus in Vietnam

Warburg Pincus started investing in Vietnam in 2013. Today, it has become the largest and most active global private equity investor in Vietnam, with nearly US$2 billion invested in the country. As a trusted partner of choice for entrepreneurs, the firm has built a strong track record as an investor in Vietnam, having backed business leaders, such as Vincom Retail, a leading retail real estate platform in Vietnam; BW Industrial, a leading logistics and industrial real estate platform in Vietnam; Lodgis, a leading hospitality platform and developer in Southeast Asia; Techcombank, a leading retail banking franchise in Vietnam; and MoMo, a leading digital financial services platform in Vietnam. These industry leaders have collectively created over 40,000 jobs, contributing to Vietnam’s economic growth and development. Additionally, the firm has completed two of the largest IPOs in Vietnam – Vincom Retail and Techcombank.

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Nordic Capital acquires majority share in IntegriChain, the only fully integrated platform for pharma commercialization and market access

Nordic Capital
  • Investment will accelerate IntegriChain’s ambitious growth targets and cement its status as a leading platform for pharma manufacturers to bring their science to market 
  • Further strengthens Nordic Capital’s record as a leading healthcare and technology investorNordic Capital has signed an agreement to acquire a majority share in IntegriChain, a leading provider of pharmaceutical technology, data, consulting, and outsourcing solutions designed to improve how life sciences products reach customers. IntegriChain delivers pharma’s only fully integrated platform for commercialization and market access, helping manufacturers bring their science to market while ensuring patients have affordable, timely, and sustainable access to therapy. Nordic Capital is acquiring the majority stake from Accel-KKR, a global software private equity firm, which first invested in IntegriChain in 2016.IntegriChain’s integrated ICyte Platform helps connect the commercial, financial, and operational dimensions of drug access and profitability. ICyte enables pharmaceutical innovators to achieve better commercial outcomes by digitalizing daily and recurring business activities and integrating data and operations across contracting, pricing, channel and distribution, and gross-to-net.

    “IntegriChain has established a significant position over the last 17 years as a leader in access and commercialization for life sciences – helping manufacturers of all size from strategy to operational execution. We are confident that the company will continue its already strong record of growth by helping customers address their most pressing market access challenges as the industry evolves. The fact that IntegriChain supports more than 400 pharmaceutical customers speaks to the quality of the platform, data, and services they provide. We’re certain that Nordic Capital’s experience supporting companies with similar ambitions, our extensive industry networks, and deep-sector knowledge will take the company to even greater heights,” said Daniel Berglund, Co-Head of Healthcare, Nordic Capital Investment Advisors.

    Josh Halpern, Co-Founder and CEO of IntegriChain, said: “We’re pleased to have Nordic Capital as a new partner to support us on our journey. We are immensely proud of the team at IntegriChain and how we help pharma manufacturers deliver winning commercialization strategies while optimizing their net revenue. With Nordic Capital’s invaluable healthcare and technology experience and expertise, I’m confident that this partnership will enable us to extend our position as a leading platform for pharma manufacturers to bring their science to market. We thank Accel-KKR for their many years of sound guidance and support to help us ready IntegriChain for this important next phase of our business development.”

    The terms of the transaction were not disclosed. Completion of the transaction is expected before year end and is subject to customary closing conditions, including relevant regulatory approvals.

    Morgan Stanley & Co. LLC and Harris Williams LLC are acting as financial advisors to IntegriChain. Evercore is acting as financial advisor to Nordic Capital.


    Media contacts:

    Nordic Capital
    Katarina Janerud
    Communications Manager, Nordic Capital Advisors
    Tel: +46 8 440 50 50
    e-mail: katarina.janerud@nordiccapital.com

    IntegriChain
    Jennifer Guinan
    Sage Strategic Marketing
    +1 610.425.8659
    jennifer@sagestrat.com


    About IntegriChain
    IntegriChain helps pharma manufacturers bring their science to market, ensuring patients have affordable, timely, and sustainable access to therapy. IntegriChain delivers Pharma’s only data-driven commercialization platform — from strategy to operational execution. The Company’s unique focus on data, technology, consulting, and outsourcing helps connect the commercial, financial, and operational dimensions of drug access and profitability. Through the ICyte Platform, IntegriChain enables pharmaceutical innovators to achieve better commercial outcomes by digitalizing daily and recurring business activities and by integrating data and operations across contracting, pricing, channel and distribution, and gross-to-net. IntegriChain is backed by Accel-KKR, a leading Silicon Valley technology private equity firm, and is headquartered in Philadelphia, PA, with offices in Ambler, PA, and Pune, India. For more information, visit www.integrichain.com or follow on LinkedIn.


    About Nordic Capital

    Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested EUR 23 billion in 140 investments. The most recent entities are Nordic Capital XI with EUR 9.0 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway, and South Korea. For further information about Nordic Capital, please visit www.nordiccapital.com.

    “Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures, and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”

     

    About Accel-KKR

    Accel-KKR is a technology-focused investment firm with $19 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for top-line and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs, and going-private transactions. Accel-KKR’s headquarters is in Menlo Park, with offices in Atlanta, London, and Mexico City. Visit accel-kkr.com to learn more.

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Second largest office letting in Hamburg in 2023: Ardian lets 15,000 sqm to new Fielmann headquarters

Ardian

Ardian, a world-leading private investment house, has signed a rental agreement for almost 15,000 m² of office space with Fielmann Group AG (“Fielmann”). Fielmann will relocate its headquarters to the Q21 Offices, located at Fuhlsbüttler Str. 399 in Hamburg-Barmbek, in mid-2025 and lease all of the office space on a long-term basis. The signing of the contract is the second largest office rental in Hamburg this year to date.

Ardian acquired the office and commercial building at the end of 2021. The current main tenant of the office space is Hochtief AG (“Hochtief”), which will remain in the building until March 2024.

Built in 2012, the building is being extensively upgraded by Ardian, with a focus on sustainability. The partially defective facade is currently being completely replaced by an attractive clinker brick facade with modern insulation, while  the common areas will be revised and the underground car park will be completely renovated. As part of the upgrade program, the existing DGNB Gold certification is to be expanded to include a BREEAM Excellent certification. Following Hochtief vacating the premises at the beginning of 2024, the office space will also be expanded to a modern, high-quality finish in line with Fielmann’s requirements.

In addition to the office space, there is attractive retail space for tenants on the ground floor of the complex with branches of Rewe, Denns Biomarkt, Budnikowsky and Targobank. There are also attractive dining options, which will soon be supplemented by another restaurant.

“We are pleased to have won Fielmann Group AG as a long-term tenant with the concept for the office space in Q21. The new lease is a perfect example of the current corporate trend of reducing office space and moving to higher quality, sustainably developed properties in locations with strong infrastructure. At the same time, the new rental is a positive signal for the Hamburg rental market.” Bernd Haggenmüller, Senior Managing Director Real Estate, Ardian

“With the comprehensive modernization, the property will be significantly upgraded, meeting Fielmann’s high standards regarding ESG criteria. We are also confident that the area around our building will benefit in the long term from this well-known anchor tenant.” Moritz Pohlmann, Director Real Estate, Ardian

LIST OF PARTICIPANTS

  • ARDIAN

    • ARCHITECTS BUILDING IMPROVEMENT: SHE ARCHITECTS
    • TENANT EXPANSION: OFFICE GROUP
    • ADVISOR TO LANDLORD: BNP PARIBAS REAL ESTATE
    • ADVISOR TENANT: CBRE
    • LAWYER LANDLORD: CLIFFORD CHANCE
    • TENANT ATTORNEY: NORTON ROSE

ABOUT ARDIAN

Ardian is a world-leading private investment house, managing or advising $156bn of assets on behalf of more than 1,470 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 17 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ardian.com

PRESS CONTACT

ARDIAN

HEADLAND

ardian@headlandconsultancy.com

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Ratos takes an additional step in its investment in Nordic infrastructure and launches the Expin Group brand with Robert Röder as CEO

Ratos

Ratos is now gathering its operations within rail infrastructure under the Expin Group brand with Robert Röder as CEO. Expin Group will become a full-service provider of new construction, refurbishment and maintenance for all rail infrastructure owners in the Nordics. The new group structure creates better conditions for increased value generation, more transactions and more effective synergies between the companies.

Robert Röder has worked in rail infrastructure for his entire working life and has spent the last 25 years in senior roles. He most recently served as CEO of NRC Group Sverige, where his task was to consolidate and integrate several companies after acquisitions and to further develop the company, which he did with great success. Before this, he held several leading positions at Strukton Rail, including COO, CEO and Board member.

“Our Nordic infrastructure investment is developing rapidly. There is great demand for our services within infrastructure in all three focus areas: energy, roads and rail transport. Expin Group was formed to increase our ability and to meet demand for high-quality services within rail transport. With his extensive background and strong name in the industry, Robert Röder is the right person to work with all talented employees to take our operations to the next level,” says Christian Johansson Gebauer, Chairman of Expin Group and President, Business Area Construction & Services, Ratos.

“I’m pleased and proud over the confidence placed in me to lead Expin Group. There are significant advantages with a clearer structure in order to make it easier for us to focus on core operations: rail infrastructure. The Nordic market will grow sharply in the coming year. There is a great need for the construction of new tracks as well as maintenance of existing ones in order to ensure a punctual and safe journey for passengers and freight. Increased digitalisation will also increase the capacity of existing systems and thereby meet growing demand for rail transportation,” says Robert Röder, CEO of Expin Group.

“Rail infrastructure is also crucial to the successful transition to a long-term sustainable society. With its employees and passion for infrastructure, Expin Group is now helping to build a better tomorrow, which is meaningful as well as profitable,” continues Robert Röder.

David Skalin and Daniel Skalin, who founded NVBS, will serve in other operative roles and as Board members of Expin Group.

“We look forward to continue to develop and create value in our strong operations. Together with Robert Röder we’re taking the next exciting step in the Group’s development,” says David Skalin, co-founder of Expin Group.

The following operational companies are part of Expin Group:

  • Elektrosignal Infra – experts in electricity, signalling and telecommunications installations for rail infrastructure in Sweden.
  • NVBS companies – experts in critical infrastructure projects in Sweden and Norway.
  • Prador Infra – experts in projects and maintenance related to rail infrastructure facilities in Sweden.
  • Ratatek –  experts in electrification of rail infrastructure in Finland and Sweden.
  • Sportek – experts in construction of rail infrastructure in Norway.
  • Svenska Mätteknikgruppen – experts in surveying and mapping, machine work and planning.
  • TKBM Entreprenad – Experts in small construction contracts in Mälardalen.

Ratos will also continue to carry out infrastructure maintenance focused on roads in Norway and Sweden through the Norwegian company Presis Infra.

For more information, please contact:
Josefine Uppling, VP Communication, Ratos, +46 76 114 53 21, josefine.uppling@ratos.com
Robert Röder, CEO, Expin Group, +46 76 169 55 18, robert.roder@expin.se
David Skalin, co-founder, Expin Group, +46 76 316 61 36

www.expin.se

About Ratos
Ratos is a business group consisting of 17 companies divided into three business areas: Construction & Services, Consumer and Industry. The companies have approximately SEK 34 billion in net sales (LTM). Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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Apollo Funds and Vitol Announce WattEV Financing Partnership

Apollo logo

NEW YORK, HOUSTON and LONG BEACH, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) and Vitol today announced that Apollo-managed funds (the “Apollo Funds”) and Vitol have agreed to provide a structured debt and equity financing to WattEV (“WattEV” or the “Company”), an industry leader in heavy-duty freight electrification providing end-to-end solutions to customers through the development of electric charging infrastructure and provisioning of electric vehicle trucks.

Based in Long Beach, California, WattEV benefits from a first-mover advantage in the medium- and heavy-duty electrification space and operates the largest heavy-duty public access electric charging site by capacity in the U.S. at the Port of Long Beach. The Company will seek to provide a solution for the more than 30,000 heavy-duty drayage trucks in California that must comply with near-term regulations to eliminate emissions, while over time facilitating the electrification of heavy-duty vehicles across the country more broadly. New financing from the Apollo Funds and Vitol will help WattEV fund the development of its near-term truck charging depots throughout California, including locations in warehouse districts in nearby Gardena, San Bernadino, and Bakersfield.

Salim Youssefzadeh, Co-Founder and CEO of WattEV, commented, “By providing the infrastructure, supplies and services to move freight and help fleets transition to cleaner electric energy, WattEV is able to help customers achieve meaningful decarbonization benefits while providing an efficient, effective and economical solution for shippers and carriers across the country. With the support of the Apollo and Vitol teams, we believe we are well positioned to scale our operations and make meaningful change towards a greener future.”

Apollo Partner Joey Romeo said, “With a differentiated business model, first-mover advantage and significant tailwinds supporting the Company’s trajectory, we believe WattEV is poised to capture a significant share of the high-growth EV fleet charging sector. We are excited to partner with Vitol on this financing to help accelerate the Company’s growth and look forward to working with the WattEV team to help the Company execute on its mission to accelerate the heavy-duty trucking industry’s transition to all-electric transportation.”

“With 1.2 GW of operational renewable generation capacity and over $2.2 billion committed to renewable and sustainable investments, Vitol is focused on building an energy business for the future,” said R. Andrew de Pass, Head of Renewables and Sustainability Investments at Vitol. “WattEV’s leadership in using distributed energy resources with solar and battery storage to support the growth of clean freight transportation is aligned with our commitments to clean energy and zero emission transport,” de Pass said.

The transaction underscores Apollo’s commitment to driving a more sustainable future and long track record of investing in or lending to companies supporting the energy transition. Last year, Apollo launched its Sustainable Investing Platform, which targets the deployment of $50 billion in clean energy and climate capital by 2027 and sees the opportunity to deploy more than $100 billion by 2030. Over the last five years, Apollo Funds have deployed over $23 billion1 into energy transition and sustainability-related investments, supporting companies and projects across clean energy and infrastructure, including offshore and onshore wind, solar, storage, renewable fuels, electric vehicles as well as a wide range of technologies to facilitate decarbonization.

Like Apollo, Vitol has a strong legacy of investing in companies driving forward the energy transition and pursuing decarbonizing technologies, from its sustainable transport company VGMobility, which delivers e-fleet solutions in South America to battery swapping solution provider, Sun Mobility in India.

Marathon Capital served as financial advisor to WattEV on the transaction.

About WattEV
WattEV’s mission is to accelerate the transition of U.S. trucking transport to zero emissions. It relies on a combination of business and technology innovations to create charging infrastructure and data-driven workflow that provide truckers and fleet operators the lowest total cost of ownership. WattEV’s goal is to get 12,000 heavy-duty electric trucks on California roads by the end of 2030, exceeding existing forecasts. More information is available online at www.WattEV.com.

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 September 30, 2023, Apollo had approximately $631 billion of assets under management. To learn more, please visit www.apollo.com.

About Vitol
Vitol is a global leader in the energy sector with a presence across the spectrum: from oil through to power, renewables and carbon. We trade and distribute energy safely and responsibly around the world using our logistical expertise and infrastructure network. Vitol’s clients include national oil companies, multinationals, leading industrial companies and utilities. Founded in Rotterdam in 1966, today Vitol serves clients from some 40 offices worldwide and is invested in energy assets globally, including 17 m m3 of storage globally, circa 500 k b/d of refining capacity, more than 7,000 service stations and a growing portfolio of transitional and renewable energy assets. Revenues in 2022 were $505 billion. For more information: www.vitol.com

WattEV Contact
Michael Coates
media@wattev.com
(408) 399-9081

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

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

Vitol Contact
Andrea Schlaepfer
Head of Corporate Affairs
+44 (0)7525 403796
acs@vitol.com

1 As of December 2022. Reflects (a) for equity investments: (i) total enterprise value at time of signed commitment for initial equity commitments; (ii) additional capital contributions from Apollo funds and co-invest vehicles for follow-on equity investments; and (iii) contractual commitments of Apollo funds and co-invest vehicles at the time of initial commitment for preferred equity investments; (b) for debt investments: (i) purchase price on the settlement date for private non-traded debt; (ii) increases in maximum exposure on a period-over-period basis for publicly-traded debt; (iii) total capital organized on the settlement date for syndicated debt; and (iv) contractual commitments of Apollo funds and co-invest vehicles as of the closing date for real estate debt; (c) for SPACs, the total sponsor equity and capital organized as of the respective announcement dates; (d) for platform acquisitions, the purchase price on the signed commitment date; and (e) for platform originations, the gross origination value on the origination date.


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Source: Apollo Global Management, Inc.

Released November 8, 2023

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AEG and Onex Partners Announce Agreement to Sell Ownership Interest in ASM Global

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Onex

AEG, the world’s leading sports and live entertainment company, and Onex, a leading investor and alternative asset manager, today jointly announced that AEG and Onex Partners have signed a definitive agreement to sell their entire ownership interest in ASM Global (“ASM”), a global leader in third-party venue and event management, to Legends, a global premium experiences company. The financial terms of the transaction were not disclosed. Read the acquisition announcement here.

“Today’s announcement is the culmination of the journey AEG and Onex embarked on in early 2019 when we completed the merger of AEG Facilities and SMG to form ASM Global,” said Dan Beckerman, President, and Chief Executive Officer of AEG. “Our purpose has been clear from the start – to drive ASM’s growth and create significant value for ASM and its clients. Despite the tremendous impact of the pandemic, we were able to unlock substantial business value over the past four years with ASM growing both its revenues and global portfolio.”

“This transaction will allow us to focus on the continued growth of AEG’s core businesses, including our owned and operated real estate and venues and our live entertainment and ticketing business,” said Ted Fikre, Vice Chairman and Chief Legal and Development Officer of AEG. “AEG has enjoyed our successful partnership with Onex and, while we will no longer be an owner in ASM, we look forward to continuing to work with the company and its talented leadership team as they pursue ongoing success under the stewardship of Legends as the new owner.”

Kosty Gilis, Managing Director at Onex Partners, commented “We are extremely grateful to the entire ASM leadership team for their unwavering dedication to positioning the business for success, in particular during the unparalleled operating environment they faced during the pandemic, which has allowed ASM to recover so strongly and have great long-term prospects. We would also like to thank AEG who have been wonderful partners consistent with their impeccable reputation in the marketplace.” Amir Motamedi, Managing Director at Onex Partners, added “We believe ASM is being acquired by an outstanding company in Legends who will take the business to new heights. We wish them much success in the coming years as they continue to grow the business and serve customers globally.”

ASM Global manages a portfolio of live event entertainment venues worldwide and provides best-in-class venue management and operation services. With clients spanning five continents, ASM Global operates venues that serve live events for more than 164 million guests annually. Legends provides a complementary offering of hospitality, venue planning and project management, premium sales, sponsorship, and merchandise services to many of the world’s most iconic sports, entertainment, and attractions brands.

The transaction, which remains subject to regulatory approvals, is targeted to close in 2024.

About AEG

Headquartered in Los Angeles, California, AEG is the world’s leading sports and live entertainment company. The company operates in the following business segments:

Music through AEG Presents, which is dedicated to all aspects of live contemporary music performances, including the production and promotion of global and regional concert tours, an extensive portfolio of clubs, theaters and other music venues, concerts and special events and world-renowned festivals such as the Coachella Valley Music and Arts Festival;

Venues and Real Estate, which develops, owns and operates world-class venues, as well as major sports and entertainment districts like Crypto.com Arena and L.A. LIVE, Mercedes Platz in Berlin and The O2 in London;

Sports, as the world’s largest operator of high-profile sporting events and sports franchises including the LA Kings, LA Galaxy and Eisbären Berlin;

and Global Partnerships, which oversees worldwide sales and servicing of sponsorships including naming rights, premium seating, and other strategic partnerships.

Through its worldwide network of venues, portfolio of powerful sports and music brands and its integrated entertainment districts, AEG entertains more than 160 million guests annually. More information about AEG can be found at www.aegworldwide.com.

About Onex

Onex is an investor and asset manager that invests capital on behalf of Onex shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Onex’ two primary businesses are Private Equity and Credit. In Private Equity, we raise funds from third-party investors, or limited partners, and invest them, along with Onex’ own investing capital, through the funds of our private equity platforms, Onex Partners and ONCAP. Similarly, in Credit, we raise and invest capital across several private credit, public credit and public equity strategies. Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, insurance companies and family offices. In total, Onex has $49.5 billion in assets under management, of which $7.9 billion is Onex’ own investing capital. With offices in Toronto, New York, New Jersey, Boston and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.

Onex is listed on the Toronto Stock Exchange under the symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedarplus.ca.

Forward-Looking Statements

This press release may contain, without limitation, statements concerning possible or assumed future operations, performance or results preceded by, followed by or that include words such as “believes”, “expects”, “potential”, “anticipates”, “estimates”, “intends”, “plans” and words of similar connotation, which would constitute forward-looking statements. Forward-looking statements are not guarantees. The reader should not place undue reliance on forward-looking statements and information because they involve significant and diverse risks and uncertainties that may cause actual operations, performance or results to be materially different from those indicated in these forward-looking statements. Except as may be required by Canadian securities law, Onex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or other factors. These cautionary statements expressly qualify all forward-looking statements in this press release.

For Further Information:

Onex

Jill Homenuk

Managing Director – Shareholder

Relations and Communications

Tel: +1 416.362.7711

AEG Worldwide

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Ardian Acquires $2.1 Billion Private Equity Portfolio from CPP Investments

Ardian

Underscores Ardian’s position as a world leader in secondary buyout funds

Ardian, a world-leading private investment house, today announced it has acquired a US$2.1 billion portfolio of limited partnership interests in 20 private equity funds from Canada Pension Plan Investment Board (CPP Investments™), a global investment management organization with C$575 billion of assets under management. The portfolio comprises 20 limited partnership interests, a majority of which are North American but also includes European buyout funds.

The deal continues Ardian’s secondary funds strategy to provide active portfolio management solutions to large institutions looking to rebalance their portfolios and monetize their private equity investments. Ardian has the world’s largest Secondaries and Primaries platform with more than $89 billion under management or advisement. Over the last four years, Ardian has deployed more than US$40 billion in secondary private equity investments.

“This latest acquisition comes at a significant time for the industry where many LPs continue to address the denominator effect and are looking for portfolio management opportunities like this to open up capital for future commitments. We have acquired a portfolio of well-diversified North American and European buyout funds led by high-quality GPs who we know well.” Mark Benedetti, Member of the Executive Committee, Co-Head of Ardian US, Co-Head of Secondaries & Primaries and Member of the ASF Management Committee, Ardian

ABOUT ARDIAN

Ardian is a world-leading private investment house, managing or advising $156bn of assets on behalf of more than 1,470 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 17 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ardian.com

PRESS CONTACT

ARDIAN

THE NEIBART GROUP MAEVE MALONEY

ardian@neibartgroup.com+1 781 987 4287

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Ardian and Prelios SGR complete sale of Milan office building at the Milanofiori Business Park

Ardian

The building has undergone major renovation, including the complete renewal of most spaces across its six floors
• The property reached 100% occupancy as a result of the improvements, attracting leading tenants

Ardian, a world-leading private investment house, and Prelios SGR, one of Italy’s most important real estate and securities asset management companies, have completed the sale of an office building located at the Milanofiori Business Park in Milan’s Assago district to Inovalis, a major French real estate investment manager.

The transaction was conducted through a closed-end investment company (SICAF) wholly owned by Ardian and managed by Prelios SGR.

The building has a commercial area of approx. 18,000 sqm and 125 parking spaces. It consists of 6 floors for executive use, 1 ground floor with two food & beverage units serving the tenants, and a basement floor providing parking and archive facilities. The building is located in Milan’s Milanofiori Business Park, a mixed-use real estate complex including offices, residential properties, shops, a multi-screen cinema, hotel, fitness centre and university campus in the south-west of Milan. The area is strategically connected to the rest of the city via the M2 metro line, which provides access to the city’s three main railway stations (Garibaldi, Centrale and Cadorna), and is a 20-minute drive from Linate international airport.

Ardian and Prelios SGR completed major renovation plan on the property between 2018 and 2021. This included a total renovation of the spaces not yet leased and the complete redevelopment of the ground floor. A new double-height lobby was added to the building, alongside the refurbishment of the common areas. The maximum capacity of the floors was also increased. The building has obtained BREEAM certification.

The redevelopment has boosted rental activity and increased occupancy in the building, attracting leading national and international companies which have rewarded the quality level of the property compared to other buildings in Business Park. As a result, occupancy has increased from 51% at the time of purchase in 2017 to 100% today.

“While some parts of the office market outside of city centres have faced challenges in recent months, the redevelopment and extensive improvements completed on this property have seen it reach full occupancy and attract leading international tenants. This highlights the strong demand from the market for Grade A space and Ardian’s ability to enhance the value of its real estate assets. The sale of the property to Inovalis is an excellent signal for the market and demonstrates how Grade A office space with excellent tenant covenants continues to attract interest from institutional investors”. Matteo Minardi, Head of Real Estate Italy, Ardian

“We are pleased to have completed the renovation, improvement and sale of the Assago property, which included the significant improvement of the building’s rental profile and sustainability credentials. Against the current market backdrop, this transaction reiterates Prelios SGR’s experience in implementing targeted asset management that helps to improve quality and attractiveness for international investors. We are particularly proud to have created value for Ardian through this process”. Nicola Sajeva, Director Asset&Development Management, Prelios SGR

Savills acted as commercial advisor for the transaction. Ardian and Prelios SGR were supported by Studio Legale Gattai, Minoli, Partners as legal and tax advisor. CBRE acted as technical advisor.

ABOUT ARDIAN
Ardian is a world-leading private investment house, managing or advising $156bn of assets on behalf of more than 1,470 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 17 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ardian.com
ABOUT PRELIOS SGR
Prelios SGR is part of the Prelios Group and is one of the leading asset management companies in Italy. The company is active in the promotion, establishment and management of real estate and credit alternative investment funds, advisory and management of separate accounts, on behalf of leading Italian and international institutional investors. Prelios SGR plays a pioneering role in the innovation of investment products, both in terms of asset classes and types, including the management of one of the first heterogeneous SICAFs, and the largest UTP fund in Italy and among the largest in Europe. Prelios SGR has developed high standards and control systems in terms of governance, risk management and transparency, while maintaining operational flexibility. The Company is also committed to the promotion of sustainability values, as demonstrated by its adherence already in 2019 to the UN PRI – Principles for Responsible Investment and, from 2020, to the GRESB.

prelios.com
PRESS CONTACTS

ARDIAN

HEADLAND

ardian@headlandconsultancy.com

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PERBILITY acquires BEGIS, backed by Main Capital

Main Capital Partners

PERBILITY announced its strategic acquisition of BEGIS, a leading digital HR document specialist based in Berlin, Germany.

Today, PERBILITY announced its strategic acquisition of BEGIS, a leading digital HR document specialist based in Berlin, Germany. This acquisition is a significant milestone in PERBILITY’s ongoing commitment to delivering comprehensive and innovative HR solutions to mid-sized companies in the DACH region. The acquisition of BEGIS marks the second acquisition for PERBILITY following last year’s acquisition of Concludis.

BEGIS, with its headquarters in Berlin and a dedicated team of over 60 employees, is recognized for offering a robust cloud-based software suite tailored for modern HR management. This suite encompasses essential HR functionalities such as digital personnel file management, workflow automation, corporate communications, and more

PERBILITY, on the other hand, has established itself as a leading provider of cloud-based HR software solutions, serving over 1.500 customers across the German-speaking region. The cornerstone of PERBILITY’s offerings is the Helix platform, which provides efficient and cutting-edge solutions for talent acquisition, employee development, and digital HR administration.

PERBILITY’s strategic acquisition of BEGIS is an important milestone in PERBILITY’s ongoing commitment to provide comprehensive and versatile HR solutions. The integration of BEGIS’ expertise in digital HR management will provide an unmatched suite of tools and services designed to streamline HR processes, increase operational efficiencies and help companies succeed. With more than 180 employees in five locations, the PERBILITY Group is able to provide a comprehensive HR offering and consolidate its position as a market leader for small and medium-sized enterprises.

Andreas Meck, CEO of PERBILITY, comments: “We are excited to welcome BEGIS into the PERBILITY family. This strategic acquisition perfectly aligns with our commitment to empowering businesses with cutting-edge HR solutions”

Abdülvahit Besir, CEO of BEGIS, adds: “Linking PERBILITY’s comprehensive HR suite with BEGIS’ solutions is a perfect match and will provide significant value to both new and existing customers”

Main Capital Partners partnered with PERBILITY in December 2020. “We are delighted to accompany PERBILITY in its next growth step. The strategic and highly synergetic combination of PERBILITY and BEGIS opens up entirely new growth opportunities by offering an integrated market-leading HR suite coupled with best-in-class digital personnel file management and HR workflow automation,” concludes Yves Souren, PERBILITY’s Chairman of the Supervisory Board and Investment Director at Main Capital Partners.

We are delighted to accompany PERBILITY in its next growth step.

– Yves Souren, PERBILITY’s Chairman of the Supervisory Board and Investment Director at Main Capital Partners.

About

PERBILITY

  • Human resource software solutions

PERBILITY is a leading, cloud-based provider of modern HR software solutions in the German-speaking region. The award-winning software solutions are used by more than 1.500 companies nationwide. HELIX is the tool of choice to facilitate the daily challenges of HR managers through the use of innovative concepts for modern personnel management. Next to the core HELIX platform, PERBILITY also provides a wide range of features in recruiting, employee feedback systems, as well as e-learning, all under one roof and fully integrated as one modern suite. The company, which was founded in 2009 employs more than 120 people and is headquartered in Bamberg, Germany.

BEGIS

  • Workflow automation

BEGIS was founded in 1997 in Berlin, Germany. With more than 60 employees, BEGIS offers a cloud-based solution for companies to manage digital employee files, workflow automation, and corporate communications. The company sells its industry-agnostic products primarily to medium-sized companies in the German-speaking area. The company has a particularly strong presence in the financial serv

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