Category Archives: News

Main Capital Partners acquires software provider Trace One from STG

Main Capital Partners

Main Capital acquires Trace One, a global PLM software provider, marking its first platform investment since entering the French market.

Paris, April 23, 2025 – Main Capital Partners (‘Main’), Trace One, and STG Partners, LLC (‘STG’) are pleased to announce Main’s strategic acquisition of Trace One, a SaaS provider in Product Lifecycle Management (PLM) and compliance software, from its previous principal owner, STG. This transaction marks Main Capital’s inaugural platform investment in France, following the recent opening of its Paris office in February 2025.

Founded in 2001 and headquartered in Paris, Trace One has emerged as a strong player in delivering innovative PLM and compliance solutions tailored to the food & beverage, cosmetics & personal care, and chemical industries. Trusted by over 9,000 global brands, including industry giants such as Carrefour, Cargill, Barilla, Nestlé, and Ahold Delhaize; Trace One’s robust platform simplifies complexity, enhances collaboration, and optimizes every phase of the product lifecycle, from ideation to market launch.

Trace One’s proven experience and commitment to excellence enable companies worldwide to accelerate growth, improve sustainability, and consistently meet rigorous standards of quality and compliance. With an international team of 500 employees operating across 15 countries, Trace One boasts the scale and reach to support a prestigious, global customer base.

This acquisition underscores Main Capital’s strategic ambition to invest in innovative, market-leading B2B software companies, positioning Trace One for continued expansion, enhanced innovation, and accelerated global impact. Managing Partner Sven van Berge, who is leading the Business Transformation and Manufacturing product-markets at Main Capital will chair the Supervisory Board of Trace One.

Under STG’s ownership, Trace One achieved international expansion, highlighted by the strategic milestone acquisition of Selerant in March 2022. In the next chapter of growth, Main Capital and Trace One will collaborate to further elevate the company’s global presence, deepen expertise in existing markets, explore new industry verticals, and expand their product suite with innovative, complementary solutions. Leveraging Main Capital’s specialized experience in international buy-and-build strategies, this partnership will accelerate Trace One’s growth and innovation, reinforcing its commitment to delivering unmatched value to customers worldwide.

We are highly enthusiastic about the opportunities we see together with the management team to further internationalize the company, expand into adjacent verticals and focus on continuous product innovation.

– Jonas Kruip, Co-Head of Main France

Jonas Kruip, Co-Head of Main France said: “The investment in Trace One holds great strategic value for Main, marking the first French platform investment after opening the Paris office earlier this year. Trace One furthermore fits in one of our core product-markets. Trace One has a strong market position as a verticalized PLM software provider with a highly international profile and is experiencing strong momentum in the US. We are highly enthusiastic about the opportunities we see together with the management team to further internationalize the company, expand into adjacent verticals and focus on continuous product innovation in which a selective international buy-and-build strategy will play a significant role.”

Christophe Vanackère, CEO of Trace One, added: “Our new partnership with Main Capital represents a significant milestone in Trace One’s growth journey. With our global vision reinforced, we remain deeply committed to expanding internationally and investing in industry-leading innovations that elevate customer experience. By empowering all brands to accelerate their digital transformation, we help them consistently deliver greater value and maintain their competitive edge in an increasingly dynamic market.”

About Trace One

Trace One is a premier SaaS provider of Product Lifecycle Management (PLM) and compliance solutions, specializing in the food & beverage, cosmetics, personal care, and chemical industries. With over 30 years of expertise, we empower more than 9,000 brand owners worldwide to innovate, collaborate, and bring products to market faster while ensuring the highest standards of quality, compliance, and sustainability. Trusted by industry leaders, Trace One combines cutting-edge technology with unmatched expertise to help businesses navigate complexity, accelerate growth, and shape a sustainable future.

About STG

STG is a private equity partner to market leading companies in data, software, and analytics. The firm brings experience, flexibility, and resources to build strategic value and unlock the potential of innovative companies. Partnering with a goal to build customer-centric, market winning portfolio companies, STG seeks to create sustainable foundations for growth that bring value to existing and future stakeholders. The firm is dedicated to transforming and building outstanding technology companies in partnership with world class management teams. STG’s expansive portfolio has consisted of more than 50 global companies.

 

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CVC Credit provides debt facilities to American Heart of Poland through its Capital Solutions strategy

CVC Capital Partners

CVC Credit is pleased to announce that it has provided debt facilities to American Heart of Poland (“AHP”), the top-ranked privately operated cardiology focused public healthcare services provider in Poland, owned by Gruppo San Donato, the leading private and public hospital group in Italy. CVC Credit’s commitment will support the financing of AHP’s transformative acquisition of Scanmed and accelerate the delivery of high-quality care to local communities across the country through public hospitals modernisation. These activities reinforce AHP’s role as a key partner in Poland’s public healthcare system.

Founded in 2000, AHP is Poland’s largest privately operated cardiology provider offering comprehensive healthcare services ranging from interventional cardiology and cardiovascular surgery to general hospitals, outpatient care, rehabilitation and primary healthcare. AHP’s more than 8,000 employees provide most of its services to publicly funded patients from almost 100 facilities in over 50 locations across Poland.

Adam Szlachta, CEO of American Heart of Poland, commented: “We are thrilled to have partnered with CVC Credit. The investment enables American Heart of Poland, to accelerate into our next phase of development – expanding capacity regionally and shortening wait times for vital cardiology and general healthcare services in local communities throughout Poland and modernising public hospitals to ensure outstanding patient care. The CVC Credit collaboration not only highlights the international recognition of our comprehensive, multi-specialist and modern medical care approach, but also proves that thanks to private operators, publicly-funded healthcare system can achieve world-class excellence. By combining global expertise with local insight, in line with AHP vision, we elevate patient outcomes, drive clinical innovation, and ensure every community in Poland has access to top‑tier cardiology and general medical services – regardless of their place of residence or financial status.”

Quotes

Another classic example of CVC Credit’s ability to leverage the whole power of the CVC Network to originate and win attractive investment opportunities.

Miguel ToneyPartner at CVC Credit

Miguel Toney, Partner at CVC Credit, said: “We are delighted to announce this latest transaction for our Capital Solutions strategy. CVC Credit was invited to participate in the transaction as a result of the CVC Network’s strong presence in Poland, through our long established private equity team in Warsaw and also in Italy, via our market leading private equity team there. Another classic example of CVC Credit’s ability to leverage the whole power of the CVC Network to originate and win attractive investment opportunities.”

David Deregowski, Managing Director at CVC Credit, added: “We are pleased to be partnering with AHP to provide the appropriate financing package and flexibility to support its acquisition of Scanmed. AHP’s leading market position and a supportive public funding environment in Poland gave us full confidence in backing the continued expansion of the business.”

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Apollo Funds Form $220 Million Community Solar Joint Venture with Bullrock Energy Ventures

Apollo logo

NEW YORK and SOUTH BURLINGTON, Vt., April 23, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) and Bullrock Energy Ventures (“Bullrock”) today announced that Apollo-managed funds (the “Apollo Funds”) have committed to fund up to $220 million for a new joint venture partnership with Bullrock related to a portfolio of community solar assets located in New York and New England. $100 million of Apollo’s equity commitment will fund the development of Bullrock’s nearly 500 MW pipeline of renewable energy assets.

Based in Vermont, Bullrock is a high-growth renewable energy company with operations throughout the Northeast. The company’s vertically integrated model includes deal sourcing, underwriting, development, construction, financing and asset management. Bullrock, led by Chairman and Founder Gregg Beldock, alongside partner company NxtGenREA led by Mike Mills, has developed nearly 500 MW of solar projects across New England, New York and the Midwest over the past decade. The projects support local residents and businesses throughout the country with access to affordable clean energy.

“We are excited to partner with Gregg and the Bullrock team and invest in this scaled portfolio of solar assets that we believe will offer significant benefits to their surrounding communities,” said Apollo Partner Corinne Still. “Community solar represents an innovative solution to expanding local access to clean, efficient power across the energy grid, benefiting individuals, households and businesses alike. This partnership underscores Apollo’s commitment to serving as a leading capital provider supporting the energy transition, investing in companies and projects that serve the growing demand for diverse sources of power.”

Bullrock Chairman and Founder Gregg Beldock and Bullrock Managing Partner Amory Beldock stated, “Our partnership with Apollo enhances a leading vertically integrated renewables platform working to meet the growing demand for power while reinforcing American energy security. Our long history in construction and development paired with Apollo’s integrated platform positions us to efficiently scale our portfolio. Community solar lowers energy costs, improves grid resiliency and boosts local economies. Apollo shares our commitment to driving the industry forward and we’re proud to work with them.”

Over the past five years, Apollo-managed funds and affiliates have committed, deployed or arranged approximately $58 billioni of climate and energy transition-related investments, supporting companies and projects across clean energy and infrastructure.

Tax Equity for the portfolio is arranged by Mike Mills through his company NxtGenREA.

Orrick, Herrington & Sutcliffe LLP served as legal to the Apollo Funds. Brown Rudnick LLP served as legal counsel to Bullrock.

i As of December 31, 2024. The firmwide targets (the “Targets”) to deploy, commit, or arrange capital commensurate with Apollo’s proprietary Climate and Transition Investment Framework (the “CTIF”), are (1) $50 billion by 2027 and (2) more than $100 billion by 2030 The CTIF, which is subject to change at any time without notice, sets forth certain activities classified by Apollo as sustainable economic activities (“SEAs”), and the methodologies used to calculate contribution towards the Targets. Only investments determined to be currently contributing to an SEA in accordance with the CTIF are counted toward the Targets. Under the CTIF, Apollo uses different calculation methodologies for different types of investments in equity, debt and real estate. For additional details on the CTIF, please refer to our website here: https://www.apollo.com/strategies/asset-management/real-assets/sustainable-investing-platform.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management. To learn more, please visit www.apollo.com.

About Bullrock Energy Ventures

Bullrock Energy Ventures is a vertically integrated renewable energy investment platform. The company was born out of Bullrock’s long history across renewables, construction, real estate development and healthcare and NxtGenREA’s deep experience in solar development and tax equity financing. Bullrock has developed over 500 MW to date, deployed over $2B in capital across the clean energy space, and is quickly moving to develop its 500 MW pipeline. Our success is a testament to our uniquely integrated model which allows us to build, operate, finance and manage energy assets at scale. We are proud to accelerate the energy transition through our pioneering approach to development while supporting local communities and securing American energy independence.

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.

For Bullrock Energy Ventures:

ir@bullrockcorp.com

For Bullrock Media Contacts:

Patrick Lenihan
Gravity Strategic Partners
patrick@gravitystrat.com
201-819-9871

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Pointsharp, backed by Main Capital Partners, acquires Identity Management software provider Vemendo

Main Capital Partners

Pointsharp acquires Vemendo to expand its Identity and Access Management capabilities and strengthen its presence across Europe’s cybersecurity market.

Stockholm, 22nd April 2025 – Pointsharp, a Swedish Identity and Access Management (IAM) software provider, has acquired Stockholm-based Vemendo AB (“Vemendo”). Vemendo provides software for identity management, user provisioning, and lifecycle management, which enables user information to be up to date, identity information to be easily tracked within the organization, and for users to log in securely to multiple networks or systems. This synergistic acquisition presents a strong strategic fit with Pointsharp and aligns with the company’s growth strategy in the European Identity and Access Management software market. The acquisition of Vemendo marks Pointsharp’s fifth add-on acquisition since Main Capital Partners (“Main”) became a majority investor in November 2020. The combination is expected to complement and enhance Pointsharp’s IAM offerings, further strengthening its position in the Nordics and across the rest of Europe.

Vemendo’s offering of identity management, federation services, and identity provisioning software integrates well with Pointsharp’s existing solutions and strengthens the implementation of the company’s growth strategy. Vemendo serves a wide range of clients, focusing on the public sector and larger corporates in industrials, defence, and retail.

Through the acquisition, Pointsharp expands on the functionalities offered to existing and new clients across multiple industries.

– Wessel Ploegmakers, Partner and Head of Nordics at Main Capital Partners

Wessel Ploegmakers, Partner and Head of Nordics at Main Capital Partners, comments: “Vemendo marks Pointsharp’s fifth acquisition and solidifies Pointsharp’s position in the Nordic and European Identity and Access Management software industry. Through the acquisition, Pointsharp expands on the functionalities offered to existing and new clients across multiple industries. The acquisition will strengthen the position of Pointsharp in providing Identity and Access Management solutions going forward.”

Niklas Brask, CEO at Pointsharp, says: “We are thrilled to announce the acquisition of Vemendo, a strategic move that significantly enhances our capabilities as a European Identity and Access Management (IAM) vendor. This acquisition not only expands our footprint in the identity fabric but also strengthens our commitment to provide trusted and innovative European solutions to our customers.”

Tomas Ericsson, CEO at Vemendo, concludes: “We are proud to become part of Pointsharp, a company that shares our vision for secure and efficient identity and access management. This allows us to continue developing leading-edge solutions for our customers while benefiting from the scale, experience, and broader capabilities of Pointsharp. Together, we will be even better positioned to support our clients in navigating the increasing demands of digital identity and access management across the world.”

About Pointsharp

Pointsharp is a European cybersecurity company that enables organizations to secure data, identities, and access in a user-friendly way. We believe security needs to be easy, both for the users and the IT department. Our vision is to give everyone access to a safe, modern digital workplace. The company serves more than 3500 enterprise organizations globally with high security or sensitive data needs in several different market verticals, including finance, governmental, and industrial. Pointsharp was founded in 2006 in Stockholm, Sweden.

About Vemendo

Vemendo, founded in 1997, specializes in software solutions for identity provisioning, user administration, and federation services, as well as implementation and configuration services. Vemendo’s solution serves a range of clients across defense, industrial, and public sector markets in Sweden. Vemendo’s solution allows user information to be up to date, identity information to be easily tracked within the organization, and for users to safely log in to multiple networks or systems.

 

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Carlyle provides financing package to Suntera Global

Carlyle

St. Helier, Jersey, 22 April 2025 – Global investment firm Carlyle (NASDAQ: CG) today announced that its Global Credit platform has provided a financing package to Suntera Global (“Suntera”), an independent global provider of bespoke fund, corporate and private wealth services.

Founded in 1980, Suntera provides a full suite of professional services to corporates, fund managers, and private clients (including their family offices). Through a comprehensive range of administration, accounting and governance services, Suntera helps its long-standing international base of clients navigate the complex and evolving demands that come with managing wealth and cross-border capital, focusing on reducing clients’ compliance, regulatory, and reporting risks. The company employs more than 500 specialists in offices across Europe, Asia and North America.

This financing package will strengthen the company’s financial foundation by refinancing its existing indebtedness and provide additional capital to support Suntera through organic growth initiatives and strategic acquisitions.

Nicola Falcinelli, Deputy Head of European Private Credit at Carlyle, said: “We are delighted to support Suntera’s continued growth story through this strategic financing. We believe Suntera is strongly positioned to meet growing and resilient demand for specialized professional services, particularly within the context of a rapidly evolving and complex regulatory landscape. This transaction underscores Carlyle’s established strategy of supporting high-quality businesses with flexible capital solutions.”

David Hudson, CEO of Suntera, said: “Since the Management Buy Out in 2019, Suntera has built on its core heritage, grown its international footprint through strong organic and inorganic growth, and established a reputation for its highly specialized capability and diversified proposition which spans multiple strategies, geographies and service lines. We are grateful for the support of Carlyle, which enables Suntera to continue to pursue its growth ambitions through its first-class customer offering, and the continuation of its highly successful consolidation strategy.”

Carlyle’s Global Credit platform manages $192 billion in assets under management, as of December 31, 2024. It regularly pursues investments in privately negotiated capital solutions partnering with high-quality sponsors and leading family or entrepreneur-owned companies. The Suntera transaction follows an active last few months for Carlyle’s European credit platform, recently announcing investments including Argon, Sanoptis, and Bianalisi.

 

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About Carlyle 

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Global Investment Solutions. With $441 billion of assets under management as of December 31, 2024, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,300 people in 29 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

 

About Suntera Global

Suntera Global is a multi-jurisdictional provider of fund, corporate and private wealth services. We believe in empowering responsible ambition through the professional delivery of fund, company and trust administration as well as outsourced compliance, accounting and tax services. Suntera employs over 500 specialists supporting a global client base from offices in the Bahamas, the Cayman Islands, Hong Kong, the Isle of Man, Jersey, Guernsey, Luxembourg, the UK and the USA.

For more information visit suntera.com

 

Media contacts:

Carlyle:

Charlie Bristow

Tel: +44 (0) 7384 513568

Email: charlie.bristow@carlyle.com

 

Suntera Global: 

Cara Pyper
cara.pyper@suntera.com

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Bain Capital and BlueWater Marinas Acquire Boathouse Marine Center

BainCapital

BlueWater Marinas

BOSTON and CHARLESTON, S.C.  –  April 21, 2025 – Bain Capital’s Real Estate team (“Bain Capital”) and BlueWater Marinas (“BlueWater”), led by Joe Miller and Dunston Powell, today announced the acquisition of Boathouse Marine Center (“BMC”), a dry-stack marina in Pompano Beach, Florida.  Financial terms of the private, off-market purchase were not disclosed.

Bain Capital and BlueWater formed a strategic joint venture in 2024 to acquire and operate high-quality, storage-centric marina properties in premier boating markets along the East Coast.  BMC is the second asset in the JV’s portfolio, adding to the joint venture’s acquisition of Harbor at Lemon Bay, a dry-stack marina located in the Sarasota submarket of Englewood, Florida.

“Consistent with Bain Capital’s thematic, customer-oriented investment approach, the marina sector benefits from several long-term secular growth drivers, including very high structural supply barriers, increased consumer spending on experiences, and sustained demand for larger boats,” said Andrew Terris, a Partner at Bain Capital.  “BMC represents a compelling opportunity to acquire an attractive asset in one of our highest conviction markets, and we look forward to building upon our partnership with the BlueWater team as we seek to assemble a best-in-class portfolio of marinas that is advantaged by high barrier-to-entry locations and BlueWater’s operational expertise.”

Strategically positioned, BMC offers a convenient location in a dense, affluent market near the Hillsborough Inlet.    Pompano Beach, a submarket of Fort Lauderdale, is a long-established boating market that benefits from heavy year-round boating traffic and features some of the strongest supply-demand imbalances in the country.

Miller, Powell and the BlueWater team have over 110 years of combined experience acquiring, developing, and operating marinas and previously successfully scaled a best-in-class portfolio as the founders and principals under a separate well-known marinas brand.  Commenting on the joint venture, Miller stated that “Bain Capital is an outstanding, highly aligned partner. Their reputation precedes them and we now understand why they are so highly regarded. We feel extremely fortunate to team with such a fine firm as we continue forward in the marina sector.”

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About Bain Capital Real Estate
Bain Capital Real Estate was formed in 2018 and pursues investments in often hard-to-access sectors underpinned by enduring secular trends that drive long-term demand growth for real estate assets and services. The Bain Capital Real Estate team has been executing its strategy since 2010 (formerly as a part of Harvard Management Company), having invested and committed over $9 billion of equity across multiple sectors. Bain Capital Real Estate focuses on assets where the team applies its deep industry expertise to accelerate impact and drive operational improvements. Bain Capital Real Estate’s strategy aligns with the value-added investment approach that Bain Capital pioneered and leverages the firm’s global platform and significant experience across asset classes to further bolster its insights and sourcing capabilities. Bain Capital is one of the world’s leading private investment firms with approximately $185 billion of assets under management. For more information, visit https://www.baincapitalrealestate.com/.

About BlueWater Marinas
Headquartered in Charleston, South Carolina, BlueWater Marinas will acquire, develop and operate coastal marina assets, including both dry and wet slips. Established by former executives and key team members of PORT 32 Marinas and Atlantic Marina Holdings, alongside several marina industry top performers, BlueWater Marinas brings unparalleled expertise in marina development and management, delivering exceptional service to its customers. With a proven track record, BlueWater Marinas will build and operate a distinguished portfolio of Class A marina assets in prime markets along the East Coast. For more information, please visit https://bw-marinas.com.

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Egeria raises €1.25 billion with new private equity fund

Egeria

Egeria is pleased to announce the final close of its sixth private equity fund, Egeria Private Equity Fund VI (“EPEF VI”). EPEF VI closed at its hard cap of €1.25 billion and is more than 50% larger than its predecessor fund. EPEF VI will continue to build on the core principles that have defined Egeria’s success for more than 28 years: entrepreneurial partnerships in the Benelux and DACH regions, supporting exceptional teams to grow resilient, high-quality businesses.

EPEF VI continues Egeria’s historical focus on partnerships with founders and entrepreneurs in the mid-market. EPEF VI has already invested in partnerships with the entrepreneurs behind Meyer Menü, Den Berk Délice and Implico in the past months.

EPEF VI was oversubscribed and fully allocated within six months of its first closing. Demand significantly exceeded the fundraising target of €1 billion and attracted support from both a strong group of existing and new entrepreneurs, institutional investors including pension funds, asset managers, financial institutions and family offices mainly in Europe, Japan and the Americas.

Egbert Prenger (CEO Egeria Group): “We appreciate the vote of confidence from our investors, including a large number of entrepreneurs we previously worked with, and are excited to continue partnering with founders, management teams, and employees to build leading companies with a long-term focus on value creation. I’m very proud of the Egeria team that made this great accomplishment happen and we are looking forward to continuing our journey to invest in great companies.”

Mark Wetzels (PE Managing Partner): “In the past twenty-eight years, Egeria has built a strong name in the Benelux region and, in the last six years, extended its portfolio successfully in the DACH region. EPEF VI intends to see a growing number of DACH-based investments. By supporting entrepreneurs in their succession requirements and growth ambitions, the funds have been able to perform at the top quartile level of the industry, while developing and expanding fantastic companies. I am excited about the opportunity to continue making this lasting impact.”

About Egeria

With over 28 years of investment experience, Egeria is passionate about building healthy and growing businesses, developing great places to live and work, and engaging in meaningful dialogues with management teams.

Egeria is an active partner that aims to accelerate growth, both organically and through acquisitions. Egeria invests in healthy businesses in the Benelux, the DACH region, and North America with an enterprise value of up to €500 million, with the underlying principle that management is a co-owner.

Close to 14,000 people are employed by companies supported by Egeria, with an annual turnover of over € 2.5 billion. Egeria has approximately €3.5 billion in assets under management focused on supporting entrepreneurs in their growth ambitions and investing in real estate.

Next to supporting great companies, Egeria’s donation arm, Egeria Do, aims to provide financial support to projects that have a lasting positive impact on people and society. Egeria Do invests in projects that seek to achieve significant impact with an independent future perspective. Projects that aspire to be financially self-sustainable in the long term.

Egeria has offices in Amsterdam, Munich, Berlin, Boston and Zug.

Rede Partners acted as placement agent. Jones Day and Loyens & Loeff acted as legal and tax counsel. Poellath+ acted as German tax council.

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Currant Sea Investments B.V., an affiliate company of Warburg Pincus LLC and Platinum Invictus B 2025 RSC Limited, a wholly owned subsidiary of ADIA to Invest a combined total of ~ Rs. 7,500 crore in IDFC FIRST Bank to Fuel its Next Phase of Growth

Warburg Pincus logo

Mumbai, April 17, 2025: The Board of Directors of IDFC FIRST Bank, at its meeting held today, approved a preferential issue of equity capital (CCPS) amounting to approximately ₹4,876 crore to Currant Sea Investments B.V., an affiliate company of global growth investor Warburg Pincus LLC and approximately ₹2,624 crore to Platinum Invictus B 2025 RSC Limited, a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) managed by its Private Equities Department. The proposed issues are subject to shareholder and regulatory approvals.

Over the last six years, IDFC FIRST Bank has undergone a successful transformation from its legacy as an infrastructure-focused DFI to becoming a modern, technology-driven, pan-India, universal bank. In the process, it has made significant investments in distribution, technology, and talent to become a leading private sector bank in India.

During this time, deposits grew 6x, loans and advances doubled, and CASA ratio has significantly improved from 8.7% to 47.7%. PAT rose from a loss of ₹1,944 crore in FY19 to a profit of ₹2,957 crore in FY24. However, profitability dipped in 9M FY25 due to industry wide challenges in microfinance, which the bank has navigated well. With this fund raise, the overall capital adequacy will increase from 16.1% to 18.9%, (CET-1 ratio at ~16.5%, calculated on the capital position of the Bank as of December 31, 2024), strengthening the Bank’s balance sheet and positioning it for strong and self-sustaining profitable growth.

Mr. V Vaidyanathan, Managing Director & CEO, IDFC FIRST Bank: “From day one, we have always built our foundation of the Bank with a long-term vision of building a world class bank in India. We are building a culture of empathy for customers and strive to offer highest levels of customer service. We are technologically advanced and continue to stay cutting-edge.

The Bank has firmly moved into profits and is now at a pivotal stage, where our income growth is expected to consistently exceed OPEX growth, leading to improved operating leverage. We expect many businesses which are in the investment stage to turn profitable with scale.

It is great to have Warburg Pincus back and to welcome a wholly owned subsidiary of ADIA as our shareholder. We thank them both for believing in us and our future growth plans and for investing in us even under volatile global situations. We believe only by building a strong, respected franchise loved by customers and supported by strong unit economics, we will deliver sustainable long-term returns to our stakeholders.”

Vishal Mahadevia, Managing Director, Head of Asia Private Equity, and Global Co-Head of Financial Services, Warburg Pincus, said, “We believe the Indian banking sector presents an exciting opportunity and is poised for long-term growth. At Warburg Pincus, we have a long track record of partnering with exceptional teams. We have known the IDFC First Bank team for over a decade dating back to their early days and have closely seen the build out of the bank. We are excited to re-invest behind the IDFC First Bank team to support them in the next phase of growth and sustainable ROE improvement.”

Hamad Shahwan AlDhaheri, Executive Director of the Private Equities Department at ADIA, said, “IDFC First Bank has firmly established itself as one of India’s leading private sector banks, backed by a seasoned management team. It has expanded both its technology and branch infrastructure over number of years and is well positioned for the future. This investment is aimed at supporting the bank’s continued growth, enabling it to meet the rising demand for financial products in the country.”

About IDFC FIRST Bank

IDFC FIRST Bank is a new-age private bank in India, with a vision to create a world class bank in India, focused on Ethical, Digital, and Social Good Banking. It operates 971 branches spread over 60,000 locations including cities, towns, and villages across India. While it has a physical network, it is built as a digital first Bank in approach, scale and scope.

It is a full suite Universal Bank offering services across Retail, MSME, rural, corporate, wealth management, private banking, Fastag, cash management, NRI and treasury solutions. The Bank’s customer deposits are growing at 25.2% YoY and Loans & Advances growing by 20.3% YoY (as of March 31, 2025 as per provisional disclosure) based on friendly user digital interface, ethical approach, and a strong brand.

Bank’s mobile banking app was rated #1 in India and #4 globally by Forrester in Digital Experience: Indian Mobile Banking Applications, Q3 2024 and Digital Experience Review™: Global Mobile Banking Apps, Q4 2024.

Its employees believe that to create a world class bank in India is an incredible opportunity of their lifetimes.

About Warburg Pincus

Warburg Pincus LLC is the pioneer of private equity global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $87 billion in assets under management, and more than 220 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies 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.

About Abu Dhabi Investment Authority (ADIA)

Established in 1976, the Abu Dhabi Investment Authority (“ADIA”) is a globally diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation.

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Toku Raises $48 Million Series A

Oak HC FT

Raising the largest A round ever for a LatAm female founder

Toku, an account receivable SaaS platform, announced today that it has raised $48 million in Series A funding, bringing its total funding to $55 million. With this fundraise, Toku and CEO Cristina Etcheberry have raised the largest Series A by a female founder in Latin America. The round was led by Oak HC/FT, representing its fourth fintech investment in LatAm in the past three years. Existing investors, including Gradient Ventures (one of Google’s investment funds), F-Prime, Clocktower, Y Combinator, and Honey Island by 4UM, also participated.

Toku’s software connects companies’ ERPs with banks and payment rails, enabling payment orchestration and automated collections. Its suite includes customizable payment portals, automated reconciliations, and optimized collection strategies. In Latin America, where automatic payment adoption is low, Toku increases automated payment methods from 10% to 90%, significantly boosting companies’ revenue. By leveraging real-time data, Toku automates the entire payment cycle – from method selection to customer engagement – enhancing both efficiency and user experience.

The company is focused on Mexico, Brazil, and Chile, serving mid-market to enterprise businesses in sectors like insurance, credit, education, real estate and utilities, handling collections from $10 million to $10 billion. The newly raised funds will be deployed to double down on its existing go-to-market strategy, while accelerating its product development. In 2024, Toku more than doubled in revenue, tripled its TPV, and achieved 160% net dollar retention.

Across Latin America, Toku now has more than 150 employees and serves more than 450 enterprises, including Chevrolet, Mapfre, Liverpool, and MetLife.

“Latin America still heavily relies on manual and inefficient payment collection processes, creating challenges for businesses and frustrating customers,” said Cristina Etcheberry, CEO of Toku. “These outdated methods lead to high delinquency rates and unnecessary friction. This latest investment round further validates the demand for Toku’s solutions, and we are excited to bring our technology to even more companies and regions,” added Etcheberry, who grew up in Chile in an entrepreneurial and finance-focused family.

“Mid-to-large enterprises in Latin America are navigating high operational costs, complex payment infrastructures, and increasing delinquency rates,” said Allen Miller, Partner at Oak HC/FT. “Toku is addressing this pain point and empowering businesses across diverse industries with its seamless, world-class payment technology. We are thrilled to partner with the Toku team and look forward to supporting the company in this next phase of growth.”

Toku was founded with the mission to free Latin American enterprises from outdated processes, manual tasks, an inflexible software stack, and unnecessary risks. The company ensures that businesses receive their revenue reliably and cost-effectively while enhancing the payment experience for their customers. “We aim to provide peace of mind, acting as a trusted partner that safeguards our clients’ revenue streams. By enabling businesses to focus on their core operations without added payment concerns, we help them achieve their goals. Our impact may be indirect, but it is significant – we continuously work alongside our clients to refine our services, aiming to reach over 100 million people in the next few years,” concluded Cristina Etcheberry.

For more information about Toku and its innovative payment solutions, visit www.trytoku.com.

About Toku

Toku is a leading financial technology company in Latin America, specializing in comprehensive payment solutions. Founded in 2020, Toku provides tailored payment solutions to industries with recurring payments, empowering businesses to increase revenue while minimizing costs through efficient payment processing and enhanced customer experiences. With operations in Mexico, Chile, and Brazil, Toku is committed to transforming the financial landscape in Latin America. For more information, visit www.trytoku.com

‍About Oak HC/FT

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

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Carlyle and SK Capital Partners Announce Extension of bluebird bio Tender Offer to May 2, 2025

Carlyle

WASHINGTON, DC and NEW YORK, NY—April 16, 2025—Carlyle (NASDAQ: CG) (“Carlyle”), SK Capital Partners, LP (“SK Capital”) and Beacon Parent Holdings, L.P. (“Parent”) today announced that Beacon Merger Sub, Inc. (“Merger Sub”) has extended the expiration date of its offer (the “Offer”) to acquire all of the outstanding common stock of bluebird bio, Inc. (NASDAQ: BLUE) (“bluebird”), to expire at one minute after 11:59 p.m., New York City time, on May 2, 2025.  The Offer was previously scheduled to expire one minute after 11:59 p.m., New York City time, on April 18, 2025. The tender offer was extended to allow additional time for the satisfaction of the remaining conditions to the tender offer, including receipt of applicable regulatory approvals.

Equiniti Trust Company, LLC, the depositary for the Offer, has advised Merger Sub that as of the close of business on April 15, 2025, approximately 700,288 shares of bluebird common stock have been validly tendered and not properly withdrawn pursuant to the Offer. Holders that have previously tendered their shares do not need to re-tender their shares or take any other action in response to this extension.

The Offer is being made pursuant to the terms and conditions described in the Offer to Purchase, dated March 7, 2025 (as amended or supplemented from time to time, the “Offer to Purchase”), the related letter of transmittal and certain other offer documents, copies of which are attached to the tender offer statement on Schedule TO filed by Parent and Merger Sub with the U.S. Securities and Exchange Commission (the “SEC”) on March 7, 2025, as amended.

The Offer is conditioned upon the fulfilment of certain conditions described in “Section 15—Conditions to the Offer” of the Offer to Purchase, including, but not limited to, the tender of a majority of the outstanding shares of bluebird, receipt of applicable regulatory approvals, and other customary closing conditions.

About bluebird bio, Inc.

Founded in 2010, bluebird has been setting the standard for gene therapy for more than a decade—first as a scientific pioneer and now as a commercial leader. bluebird has an unrivaled track record in bringing the promise of gene therapy out of clinical studies and into the real-world setting, having secured FDA approvals for three therapies in under two years. Today, we are proving and scaling the commercial model for gene therapy and delivering innovative solutions for access to patients, providers, and payers.

With a dedicated focus on severe genetic diseases, bluebird has the largest and deepest ex-vivo gene therapy data set in the field, with industry-leading programs for sickle cell disease, ß-thalassemia, and cerebral adrenoleukodystrophy. We custom design each of our therapies to address the underlying cause of disease and have developed in-depth and effective analytical methods to understand the safety of our lentiviral vector technologies and drive the field of gene therapy forward.

bluebird continues to forge new paths as a standalone commercial gene therapy company, combining our real-world experience with a deep commitment to patient communities and a people-centric culture that attracts and grows a diverse flock of dedicated birds.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across its business and conducts its operations through three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $441 billion of assets under management as of December 31, 2024, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 2,300 people in 29 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

About SK Capital 

SK Capital is a transformational private investment firm with a disciplined focus on the life sciences, specialty materials, and ingredients sectors. The firm seeks to build resilient, sustainable, and growing businesses that create substantial long-term value. SK Capital aims to utilize its industry, operating, and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth, and profitability, as well as lower operating risk. SK Capital’s portfolio of businesses generates revenues of approximately $12 billion annually, employs more than 25,000 people globally, and operates more than 200 plants in over 30 countries. The firm currently has approximately $9 billion in assets under management. For more information, please visit www.skcapitalpartners.com. 

 

Additional Information and Where to Find It

This communication is not an offer to buy nor a solicitation of an offer to sell any securities of bluebird. The solicitation and the offer to buy shares of bluebird’s common stock is only being made pursuant to the Tender Offer Statement on Schedule TO, including an offer to purchase, a letter of transmittal and other related materials, that Parent and Merger Sub filed with the SEC. In addition, bluebird filed with the SEC a Solicitation/Recommendation Statement on Schedule 14D-9 with respect to the tender offer. Investors may obtain a free copy of these materials and other documents filed by Parent, Merger Sub and bluebird with the SEC at the website maintained by the SEC at www.sec.gov. Investors may also obtain, at no charge, any such documents filed with or furnished to the SEC by (i) bluebird under the “Investors & Media” section of bluebird’s website at www.bluebirdbio.com or (ii) by Parent and Merger Sub by calling Innisfree M&A Incorporated, the information agent for the Offer, toll-free at (877) 825-8793 for stockholders or by calling collect at (212) 750-5833 for banks or brokers.

INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THESE DOCUMENTS, INCLUDING THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 OF BLUEBIRD AND ANY AMENDMENTS THERETO, AS WELL AS ANY OTHER DOCUMENTS RELATING TO THE TENDER OFFER AND THE MERGER THAT ARE FILED WITH THE SEC, CAREFULLY AND IN THEIR ENTIRETY PRIOR TO MAKING ANY DECISIONS WITH RESPECT TO WHETHER TO TENDER THEIR SHARES INTO THE TENDER OFFER BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS OF THE TENDER OFFER.

Investors & Media Contacts 

Bluebird 

Investors: 

Courtney O’Leary

978-621-7347

coleary@bluebirdbio.com

Media: 

Jess Rowlands

857-299-6103

jess.rowlands@bluebirdbio.com

 

Carlyle 

Media: 

Brittany Berliner

+1 (212) 813-4839

brittany.berliner@carlyle.com

SK Capital 

Ben Dillon

+1(646)-278-1353  

bdillon@skcapitalpartners.com

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