Category Archives: News

Qconcepts and VanLoman join forces for quality platform: independent specialists, shared vision

IK Partners

As of May 21, Qconcepts – Home of audit, and VanLoman – Trusted partner in tax, are joining forces in a strategic alliance. Both organizations will retain their independence and focus on services, but will operate with a shared vision focused on quality under the name Home of quality.

Shared vision, independent paths

Qconcepts and VanLoman were founded on the same core principles: specialization, craftsmanship and a strong focus on quality. That shared mindset is the foundation of this alliance. The platform will guide their joint ambitions in areas like growth, quality and international visibility. For professionals at both firms, daily work will continue as usual.

“What connects us is how we view our profession,” says Cor Pijnenburg, partner and co-founder at Qconcepts. “We each operate in our own domain, but recognize in each other the same sharpness, independence and drive to put quality first.” Laurens Lor, partner at VanLoman, adds: “This is a strategic step, not an organizational change. We remain autonomous, but show together what we stand for and can benefit from each other’s expertise.”

Standing strong in a complex playing field

Both firms recognize today’s challenges: changing regulations, growing customer expectations and the need to remain attractive to top talent. This alliance strengthens their position – not through integration, but by strategically standing side by side.

In the coming months, Qconcepts and VanLoman will further shape the platform. This marks a new chapter: two independent specialists, joining forces with a shared vision for the future.

This is a joint communication by Qconcepts and VanLoman. For questions, please contact:
Carlijn IJzermans, Qconcepts +31 6 – 47135170 | Aafke Berk, VanLoman +31 6 – 13024007

About Qconcepts

Qconcepts. Home of audit is an audit-focused firm with 160 experienced professionals. We specialize in mid-sized companies, healthcare, housing corporations and the non-profit sector.
Our strength lies in focus, quality and personal commitment.
Our teams consist of senior audit professionals with deep sector expertise, working in fixed client teams. This allows us to build long-term relationships and deliver audits that truly make a
difference.

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About VanLoman

VanLoman, Trusted partner in tax, is a tax advisory firm with 45 experienced professionals. We provide full-service tax advice to national and international companies as well as (high-net-worth) individuals, covering all areas of Dutch tax law.
We support our clients with tailored tax advice on mergers & acquisitions, international transactions and structures, employee participation, tax returns, transfer pricing and the setup of investment funds – fast, efficient and to the point.

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Lido Advisors Enters into Strategic Partnership with HPS to Support Continued Growth

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Charlesbank

LOS ANGELES – May 21, 2025 – Lido Advisors (“Lido”), a leading wealth advisory firm with over $30 billion in assets under management, today announced a strategic partnership with investment funds managed by HPS Investment Partners (“HPS”), a leading global alternative investment firm with approximately $150 billion in AUM. HPS joins Lido’s existing partner Charlesbank Capital Partners (“Charlesbank”) and more than 135 Lido employee-owners to support the firm’s continued growth and long-term vision.

Founded in 1999 and headquartered in Los Angeles, Lido delivers a personalized, family office-style experience to high-net-worth individuals, families, and institutions – offering a holistic approach to wealth advisory that includes investment management, estate and tax planning, and access to alternatives strategies. With the support of Charlesbank, Lido has significantly scaled its business, driven by a mission to help clients grow and protect their legacies. Lido’s new partnership with HPS further enhances the firm’s ability to strategically expand its business over the long term.

“This partnership with HPS marks an exciting new chapter for Lido, and we are extremely well positioned to continue our momentum delivering for our clients and team,” said Jason Ozur, CEO of Lido. “I’m incredibly proud of the growth we’ve achieved the past four years while staying true to our client-first values. Lido’s success has been a true team effort, and I’m especially happy for our more than 135 employee-owners, many of whom joined us through mergers, believing in our mission and growth trajectory. Seeing their commitment rewarded is one of the most fulfilling parts of this journey.”

“We are thrilled to partner with the HPS team. Their collaborative approach and long-term vision align perfectly with our goals, and we’re eager to begin this next phase of growth together,” added Mr. Ozur. “We are deeply grateful to Michael Choe, David Katz, Mutian Rui, Andrew Jackman, and the entire Charlesbank team for their exceptional partnership over the past four years. Their strategic guidance and alignment with our values played a critical role in our success, and we look forward to entering Lido’s next phase together.”

Charlesbank will continue its partnership with Lido. “Lido’s growth has been extraordinary, and we want to congratulate Jason, Ken, and the entire Lido team on their accomplishments,” remarked Michael Choe, Managing Director & CEO of Charlesbank. “We are pleased to welcome HPS as Lido begins this new chapter.” David Katz, Managing Director of Charlesbank, added, “Lido has made extensive investments in its team and capabilities in recent years, establishing the firm as a standout in the wealth management space. We’re excited to continue our partnership as Lido builds on its innovative strategies and differentiated client-first service model.”

Ken Stern, President of Lido, concluded, “Our new partnership with HPS validates the strength of our platform and underscores the significant opportunities ahead. Lido is extremely well positioned to continue growing and enhancing the services we can provide our clients.”

Ardea Partners LP served as lead financial advisor, and William Blair & Company LLC served as financial advisor to Lido. Houlihan Lokey and Piper Sandler & Co. also provided financial advice. Ropes & Gray LLP served as legal counsel to Lido and Charlesbank. Herrick, Feinstein LLP and Willkie Farr & Gallagher LLP also provided legal advice. Sidley Austin LLP served as legal counsel to HPS.

The transaction is expected to close in the third quarter of 2025.

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Relyon Expands Field Service Management Capabilities with Acquisition of FieldBuddy

Main Capital Partners

Relyon strengthens its market position and product flexibility by acquiring FieldBuddy, expanding capabilities for complex field service operations

May 21st 2025, The Hague – Relyon, a provider of field service management solutions, today announced the acquisition of FieldBuddy, a highly configurable SaaS field service management platform based in the Netherlands. This acquisition marks a significant step in Relyon’s growth strategy, supported by Main Capital Partners since 2021.

Founded in 2013 and headquartered in Amsterdam, FieldBuddy provides a comprehensive platform that enables service-oriented organizations to efficiently plan, manage, and optimize field service operations. The platform supports digital work orders, planning, asset management, invoicing, automation, analytics, and integration with leading ERP systems. Built on Salesforce, FieldBuddy serves approximately 100 customers and over 4,000 active users across industries such as manufacturing, energy, HVAC, and mobility.

Strategic Fit
The acquisition of FieldBuddy is highly complementary to Relyon’s existing offerings. Relyon’s flagship product, Relyon One, provides a fully standardized solution for customers seeking rapid implementation of an innovative off-the-shelf system. FieldBuddy, on the other hand, addresses the needs of clients with more complex workflows that require configuration, product flexibility and more advanced features. This combination allows Relyon to serve both needs very effectively, enhancing market coverage and solidifying the combined group’s market position. Importantly, both Relyon and FieldBuddy customers will continue to experience the same high-quality service and operational continuity they rely on today.

This strategic acquisition aligns perfectly with Relyon’s vision to become the most innovative provider of software solutions for field service professionals.

– Sjoerd Aarts, Managing Partner at Main Capital Partners

Sjoerd Aarts, Managing Partner at Main Capital Partners: “We are excited to announce this strategic acquisition, which aligns perfectly with Relyon’s vision to become the most innovative provider of software solutions for field service professionals. The integration of FieldBuddy’s advanced capabilities will significantly enhance the product offering and market reach.”

Marieke Saeij, CEO of Relyon: “We are excited to welcome FieldBuddy to the Relyon family. This acquisition represents a significant milestone in our journey to provide comprehensive and flexible field service management solutions for all customer needs. Together, we will set new standards in the industry and create real value for our customers, being uniquely well positioned to cater to both standardized and unique customer needs.”

Hans Nieuwenhuis, CEO of FieldBuddy: “Joining forces with Relyon marks an exciting new chapter for FieldBuddy. We have always believed in empowering field service professionals through flexibility and innovation, and this partnership accelerates that mission. Together, we are uniquely positioned to set new standards in field service management and unlock new opportunities for expansion and innovation across our joint markets.”

About Relyon

Relyon is a specialized provider of field service management solutions, offering innovative software to optimize field operations. With a focus on delivering high-quality, standardized solutions, Relyon serves a diverse customer base of more than 200 customers such as Pirtek, SMT, and Essilor, serving more than 6,000 end-users.

About FieldBuddy

FieldBuddy is a Netherlands-based provider of SaaS field service management solutions. Founded in 2013, the company offers a highly configurable SaaS platform built on Salesforce, serving approximately 100 customers such as Feenstra Verwarming, Van Tienen Drankautomaten, and Interparking, and over 4,000 active users across service, installation and maintenance driven end markets.

Nothing contained in this Press Release is intended to project, predict, guarantee, or forecast the future performance of any investment. This Press Release is for information purposes only and is not investment advice or an offer to buy or sell any securities or to invest in any funds or other investment vehicles managed by Main Capital Partners or any other person.

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Main Capital Partners acquires US-based financial-administrative software providers Fraxion and Centreviews

Main Capital Partners

Strategic merger enhances mid-market finance automation, uniting procurement and AP workflows to boost efficiency, compliance, and global customer reach.

May 21, 2025, Boston – Main Capital Partners continues to invest in the financial-administrative software space with a majority investment in Fraxion and the addition of Centreviews as the first add-on acquisition. This marks Main’s fourth US platform investment since opening its Boston office in 2022.

Founded in 1997 and headquartered in Seattle, Washington, Fraxion is a provider of cloud-based procurement and spend management software for mid-market organizations. Fraxion’s platform empowers finance and operations teams with the automation, visibility, and control needed to manage procure-to-pay workflows, ensure policy compliance, and drive cost-effective decision-making across the organization.

To further strengthen Fraxion’s AP automation capabilities, Main will effectuate a combination between Fraxion and Centreviews, a software business headquartered in Two Harbors, Minnesota. Centreviews’ software platform centralizes invoice processing, approvals, and payments, enabling finance teams to reduce manual tasks and processing costs, accelerate AP cycles, and ultimately improve visibility.

The combination serves a diverse client base of 500 customers across 25 countries. The solutions of both companies are sector-agnostic with customers spanning education, agriculture, healthcare, manufacturing and distribution, and non-profit and government, among other industries. Notable customers of the combined group include Subaru Research and Development, iHeart Radio, the Atlanta Hawks, Alarm.com, and Delta Airlines.

By unifying procurement and payables into a seamless platform, the combined business enables finance leaders to drive efficiency, transparency, and accountability.

– Daan Visscher, Investment Director & Co-head North America

Daan Visscher, Investment Director & Co-head North America said, “We are pleased to announce this investment in Fraxion and follow-on acquisition of Centreviews. By unifying procurement and payables into a seamless platform, the combined business enables finance leaders to drive efficiency, transparency, and accountability—key pillars of both operational excellence and ESG stewardship. We are proud to back solutions that both deliver measurable operational efficiency and align with the evolving needs of finance teams across the mid-market. These acquisitions mark the foundation of a broader buy-and-build strategy to create an intelligent spend automation platform, unlocking long-term value for our customers.”

Stanton Jandrell, CEO of Fraxion, said, “We are thrilled to partner with Main Capital Partners and join forces with Centreviews, and we see ample opportunity to capture upon a shared vision to create a strong end-to-end solution from requisition to payment through these next stages of growth.”

Joe Meyer, CEO at Centreviews, concluded, “Our team is excited about the new chapter we’re embarking on alongside the Main and Fraxion folks. I have no doubt that we’ll achieve great outcomes for our customers over these coming years as well as we continue to maintain and improve upon our product offering.”

About Fraxion

Founded in 1997 and headquartered in Seattle, WA, Fraxion is a provider of cloud-based spend management and procurement software for mid-market organizations. Fraxion’s platform empowers finance and operations teams to control, automate, and gain visibility into purchasing workflows, ensuring compliance with internal policies and enabling cost-effective decision-making across organizations.

About Centreviews

Founded in 1998 and headquartered in Two Harbors, Minnesota, Centreviews is a provider of accounts receivable and accounts payable automation and document management solutions designed to streamline back-office workflows for mid-sized and enterprise organizations. Centreviews’ software platform centralizes invoice processing, approvals, and payments, enabling finance teams to reduce manual tasks and processing costs, accelerate AP cycles, and ultimately improve visibility.

Nothing contained in this Press Release is intended to project, predict, guarantee, or forecast the future performance of any investment. This Press Release is for information purposes only and is not investment advice or an offer to buy or sell any securities or to invest in any funds or other investment vehicles managed by Main Capital Partners or any other person.

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Acrisure Secures $2.1 Billion Funding Round Led by Bain Capital

BainCapital

Courtesy of Acrisure

  • Additional investors include Fidelity Management & Research Company, Apollo Funds, Gallatin Point and BDT & MSD Partners
  • Financing values Acrisure at $32 billion as company strengthens status as a global fintech leader

Grand Rapids, MI. – May 20, 2025 – Acrisure today announced it has entered into a definitive agreement for the issuance of new convertible senior preferred stock in a $2.1 billion capital raise led by Bain Capital. Funds from the round will be used to refinance a portion of its existing non-convertible preferred stock, pursue strategic accretive M&A and accelerate its development as a tech-enabled financial services platform, advancing its strategy to become the preeminent fintech solutions provider for millions of small- and medium-sized businesses domestically and abroad.

“This transaction represents a significant milestone and serves as proof that our vision for Acrisure’s scaled platform has become a reality,” said Greg Williams, Chairman, CEO and Co-founder of Acrisure. “Our evolution from an insurance brokerage into an AI- and technology-powered global financial services provider has opened the door to massive opportunity. I see limitless potential for how far Acrisure can go, and we’re extremely grateful for the financial support and validation from our investors.”

The investors involved in the transaction include Bain Capital Special Situations, Fidelity Management & Research Company, Apollo Funds, Gallatin Point Capital, BDT & MSD Partners, and a consortium of other investors. No existing investor exited as part of this transaction. BDT & MSD remains the largest minority shareholder in Acrisure through affiliated funds.

“Greg and his talented leadership team have built an impressive business that is clearly differentiated by its combination of entrepreneurial DNA, cutting-edge technology capabilities and deep industry expertise,” said Cristian Jitianu, a Partner at Bain Capital who will be joining Acrisure’s board of directors. “We are pleased to be selected as Acrisure’s partner of choice on this transaction and look forward to supporting their continued growth strategy as the Company builds on its success delivering the right personalized insurance and business solutions to its clients.”

Going forward, Acrisure will continue to expand its footprint and product offerings through strategic, accretive M&A, fully integrating the platform created through its previous 900 acquisitions, and driving organic growth with its robust suite of tailored offerings, which now includes real estate services, cybersecurity tools, payroll and payment processing, and retirement/wealth solutions.

Acrisure’s unprecedented growth has driven the company’s valuation to $32B, marking a nearly 40% increase since its last institutional capital raise just three years ago. Prior to this funding round, Acrisure has prepared for its further expansion by bolstering its executive bench to better fit the company’s go-forward vision and support its best-in-class technology capabilities. Most recently, the firm hired a new CTO, Mark Wassersug, former COO of the Intercontinental Exchange, and a new Chief Administrative Officer, Shawn Pelsinger, the former Global Head of Corporate Development at Palantir Technologies.

Morgan Stanley & Co. LLC served as sole and exclusive placement agent and Skadden, Arps, Slate, Meagher & Flom LLP and Varnum LLP served as legal counsel to Acrisure.

About Acrisure
A global fintech leader, Acrisure empowers millions of ambitious businesses and individuals with the right solutions to grow boldly forward. Bringing cutting-edge technology and top-tier human support together, it connects clients with customized solutions across a range of insurance, reinsurance, payroll, benefits, cybersecurity, real estate services – and beyond. In the last eleven years, Acrisure has grown in revenue from $38 million to almost $5 billion and employs over 19,000 colleagues in 23 countries. And this is just the beginning. To learn more, visit Acrisure.com.

About Bain Capital
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. Our Special Situations team focuses on capital solutions opportunities that provide companies flexible capital that meets their specific needs, coupled with deep operational, strategic and financial value-add capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $185 billion in assets under management. To learn more, visit www.Baincapital.com. Follow @Bain Capital on LinkedIn and X (Twitter).

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Coller Capital Private Equity Secondaries fund launches on key Australian wealth platforms

Coller Capital

Australia, May 2025 Coller Capital, the leading global investor in private capital secondaries, who currently manage over $62 billion AUD in private equity, private credit, and other private market vehicles, have announced that the Coller Private Equity Secondaries Fund is now available on several wealth management platforms, including Colonial First State (CFS) Edge, Netwealth, Hub24, Centric Wealth, FNZ, Clearstream and Praemium.

Launched in October 2024, the Fund is specifically designed for the wholesale investor market, providing advisers and their clients with access to a globally diversified portfolio of private equity secondaries – an asset class traditionally limited to large institutional investors.

David Hallifax, Coller Capital Head of Private Wealth, Australia and New Zealand, said: “The availability of this Fund on these platforms underscores the client demand for a pure play Secondaries manager in private equity.”

“We are pleased to partner with platforms that share our vision of delivering institutional-quality solutions to a broader spectrum of investors. This expansion also meets the growing demand from private wealth investors increasingly looking to the private markets to increase diversification and aiming to enhance returns.”

The fund targets mature private equity assets acquired on the secondary market and delivers the hallmark benefits of secondaries investing – accelerated deployment, regular distributions, enhanced diversification, and greater visibility into underlying investments – all within a structure tailored to the needs of wholesale investors and their advisers.

This platform expansion reflects Coller Capital’s continued leadership in the global secondaries market and its commitment to making private capital solutions more accessible, transparent, and effective for investors.

Coller Capital is planning to make the Fund available on other platforms.

EQT Disclaimer

Equity Trustees Limited (“Equity Trustees”) (ABN 46 004 031 298), AFSL 240975, is the Responsible Entity for the [Coller Private Credit Secondaries Fund] (“the Fund”). Equity Trustees is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT).

Equity Trustees nor any of its related parties, their employees or directors, provide any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. This press release has been prepared by Capital Outcomes to provide you with general information only. In preparing this press release, we did not take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Past performance should not be taken as an indicator of future performance. You should obtain a copy of the Product Disclosure Statement before making a decision about whether to invest in this product.

 

Mentions
David Hallifax

Director, Head of Australia and New Zealand Private Wealth Distribution
Press contact
Capital Outcomes

abbey@capitaloutcomes.co+61 488006979

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Stonepeak Portfolio Company Textainer to Acquire Seaco

Stonepeak

HAMILTON, Bermuda – May 20, 2025 – Typewriter Ascend Ltd, an entity controlled by Stonepeak and an affiliate of Textainer, has entered into an agreement to acquire Global Sea Containers Limited (“Seaco” or the “Company”) from Bohai Leasing Co., Ltd (“Bohai”) for an equity purchase price of $1.75 billion, subject to certain adjustments.

Originally established in 1965, Seaco is incorporated in Bermuda and is currently owned by Bohai, an entity listed on the Shenzhen Stock Exchange. Seaco is a marine container leasing company with global operations, and the Company today owns and operates a container fleet greater than 2.4 million TEU across a worldwide footprint of over 360 depots and 23 offices.

Olivier Ghesquiere, Textainer’s Chief Executive Officer, commented, “With the combined expertise and resources of both companies, our business will be better positioned to serve its customers with expanded available inventory and a broader range of container solutions.”

“This is an exciting moment for both Textainer and Seaco. By bringing together two world-class teams with deep industry expertise, we’re building a stronger, more resilient company that’s better positioned to serve our customers and grow in a dynamic global market. We’re proud to support this success and we are looking forward to what Textainer and Seaco can achieve together,” said James Wyper, Board member of Textainer, and Head of Transportation & Logistics and Head of U.S. Private Equity at Stonepeak.

The transaction is subject to customary closing conditions, including certain regulatory approvals.

Advisors

BofA Securities is acting as exclusive financial advisor to Stonepeak. Simpson Thacher & Bartlett LLP is acting as legal counsel to Stonepeak.

Deutsche Bank Securities Inc. is acting as exclusive financial advisor to Bohai and its subsidiaries. Hogan Lovells is acting as legal counsel to Bohai and its subsidiaries.

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $73 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include transport and logistics, digital infrastructure, energy and energy transition, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

About Textainer
Textainer has operated since 1979 as a leading lessor of intermodal containers with 4.5 million TEU in our owned and managed fleet. We lease containers to approximately 200 customers, including all of the world’s leading international shipping lines. Our fleet consists of standard dry freight, refrigerated intermodal containers, and dry freight specials. Textainer operates via a network of 14 offices and approximately 400 independent depots worldwide. Visit www.textainer.com for additional information about Textainer.

Contact

Kate Beers & Maya Brounstein
Stonepeak, Corporate Communications
+1 (646) 540-5225
Email: corporatecomms@stonepeak.com

Michael K. Chan
Textainer, Chief Financial Officer
+1 (415) 658-8261
Email: mkc@textainer.com

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Nearmap to Acquire itel, Creating a Comprehensive Property Intelligence Platform Bridging Insurance Underwriting and Claims

Thomabravo

Combination of complementary data and software solutions transforms property insurance from first notice of loss to settlement

SALT LAKE CITY, UT—Nearmap, a leading property intelligence provider, today announced it is acquiring itel, an independent provider of critical property claims solutions including building material pricing and repair-versus-replace analysis. This strategic move unites two highly complementary and trusted brands in the insurance ecosystem that carriers rely on as the source of truth and certainty. Both companies have a shared passion and proven history of creating a more seamless experience for customers. Together, itel and Nearmap will provide customers and partners with a single, independent source of underwriting and claims insights across property portfolios, delivering value through faster claims processing, smarter claims settlement decisions, proactive risk mitigation, and defensible outcomes. From imagery to insights to answers, the addition of itel underscores the Nearmap promise to be the comprehensive source of truth for property intelligence.

Andy Watt, Nearmap CEO, will serve as Chief Executive Officer for the combined company. itel CEO Brian Matthews will continue to lead itel through closing and will serve on the Board of Directors. The leadership team will consist of individuals from both companies. Thoma Bravo, a leading software investment firm, will be the lead strategic investor in the combined company.

“This acquisition is transformative for property insurance,” said Andy Watt, CEO of Nearmap. “We have long admired the itel brand and by bringing our two companies together, we are combining the best of property intelligence and ground-truth data to create a true end-to-end solution that meets the most critical data needs across insurance claims and underwriting.”

“itel has always been about speed, accuracy, and independence in property claims – the ‘Source for Certainty’,” said Brian Matthews, CEO of itel. “Now, with instant access to property intelligence from Nearmap, we can help customers respond to claims more intelligently and ensure fast, fair, and frictionless outcomes. It’s a win-win for insurers, adjusters, contractors, and homeowners alike.”

“Two and a half years ago we made a great decision to partner with Andy Watt and the Nearmap team. We’re thrilled to support Nearmap in this transformative acquisition,” said A.J. Rohde, a Senior Partner at Thoma Bravo. “Nearmap and itel have both invested in building industry-leading solutions. The combination creates an exciting and truly unique proposition for the insurance end-market, with a world-class team and global scale.”

“We’re excited to be bringing together the complementary capabilities of Nearmap and itel,” said Peter Hernandez, a Senior Vice President at Thoma Bravo. “We believe the combined company is uniquely positioned to provide the most accurate and efficient insights across underwriting and claims workflows. We look forward to continuing to leverage our software expertise and operational capabilities to help drive further innovation and growth.”

Completion of the deal is expected in Q2 2025 and is subject to customary closing conditions. The financial terms of the deal were not disclosed. Goodwin Procter served as legal advisor to Nearmap and Thoma Bravo. Raymond James and Bank of America acted as financial advisors and Latham & Watkins acted as legal counsel to itel.

About Nearmap
Nearmap is the location intelligence provider customers rely on for consistent, reliable, high-resolution imagery, insights, and answers to create meaningful change in the world. The Betterview and ImpactResponse platforms by Nearmap are integrated technology solutions built for insurers applying proprietary AI and computer vision to high-resolution aerial imagery and geospatial data, generating highly accurate property intelligence. Insurance companies are empowered with on-demand insights throughout the policy lifecycle that increase quoting speed and accuracy, optimize underwriting efficiency, enhance property risk mitigation, and expedite claims. Nearmap is the only full stack provider of location intelligence—from camera, to capture, to processing, as utilized in the Betterview and ImpactResponse platforms. For more information, please visit www.nearmap.com.

About itel
itel is a data and technology company that is a source for certainty in the property insurance claims process. itel serves as an independent intermediary to insurers, adjusters, contractors and homeowners, providing objective data and expert analysis that optimize the claims process. With itel, claims are settled accurately, fairly and with greater efficiency. For more information, please visit www.itelinc.com.

About Thoma Bravo
Thoma Bravo is one of the largest software-focused investors in the world, with over US$179 billion in assets under management as of December 31, 2024. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo's deep sector knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20+ years, the firm has acquired or invested in approximately 520 companies representing approximately US$275 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, Dallas, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo’s website at thomabravo.com.

Read the release on PR Newswire here.

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Axsome Therapeutics Enters $570 Million Term Loan and Revolving Credit Facility with Blackstone

Blackstone

Previous term loan facility retired

NEW YORK – May 13, 2025 – Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company leading a new era in the treatment of central nervous system (CNS) disorders, today announced that it has entered into a $570 million term loan and revolving credit facility with funds managed by Blackstone Life Sciences and Blackstone Credit & Insurance (“Blackstone”). Concurrent with this new facility, Axsome has retired its previous term loan with Hercules Capital. The improved financial terms and expected use of the new facility are expected to result in a significant reduction in interest expense.

“The new agreement with Blackstone simultaneously expands our total available credit facility by more than $200 million, and significantly reduces our cost of capital,” said Herriot Tabuteau, MD, Chief Executive Officer of Axsome Therapeutics. “We are pleased to partner with the Blackstone team given their differentiated expertise in the life sciences industry. The improved terms of the new facility underscore our commitment to accelerating time to profitability and enhancing shareholder value, while advancing our mission to improve the lives of patients living with serious CNS disorders.”

“Blackstone is proud to partner with Axsome at a time of growth and expanding commercial opportunity,” said Craig Shepherd and Kiran Reddy, MD, Senior Managing Directors with Blackstone Life Sciences. “This investment is designed to reinforce the company’s operational and financial agility to support its next phase of growth, and it is a testament to Blackstone’s ability to deliver customized and flexible financing solutions to help leading biopharma companies achieve their strategic objectives.”

Brad Colman, Global Head of Healthcare with Blackstone Credit & Insurance, added, “Axsome’s proven commercial success, innovative pipeline, and strong leadership team make it an ideal partner as we continue to invest in transformative therapies to help patients. This transaction exemplifies how we can provide scaled credit solutions to world-class life sciences companies.”

The new $570 million facility consists of a $500 million term loan facility and a $70 million revolving credit facility. Upon closing of the agreement, the Company drew down a total of $120 million from the term loan facility which was used to retire the previous term loan with Hercules Capital. Under the terms of the new term loan facility, an additional $250 million may be drawn at the Company’s option, with an additional $200 million available subject to the approval of Blackstone. The facility bears interest at a calculated SOFR variable rate plus 4.75% for the term loan, and SOFR variable rate plus 4.0% for the revolving credit facility. The facility matures in May 2030 and has an interest-only payment period of 60 months. Concurrent with the closing of the agreement, Blackstone purchased $15 million of Axsome common stock at the 30-day volume weighted average price per share equal to $107.14.

Additional details regarding the financing agreement are available in the Company’s Form 8-K to be filed with the Securities and Exchange Commission.

About Axsome Therapeutics
Axsome Therapeutics is a biopharmaceutical company leading a new era in the treatment of central nervous system (CNS) conditions. We deliver scientific breakthroughs by identifying critical gaps in care and develop differentiated products with a focus on novel mechanisms of action that enable meaningful advancements in patient outcomes. Our industry-leading neuroscience portfolio includes FDA-approved treatments for major depressive disorder, excessive daytime sleepiness associated with narcolepsy and obstructive sleep apnea, and migraine, and multiple late-stage development programs addressing a broad range of serious neurological and psychiatric conditions that impact over 150 million people in the United States. Together, we are on a mission to solve some of the brain’s biggest problems so patients and their loved ones can flourish. For more information, please visit us at www.axsome.com and follow us on LinkedIn and X.

About Blackstone Life Sciences
Blackstone Life Sciences (BXLS) is an industry-leading private investment platform with capabilities to invest across the life cycle of companies and products within the key life science sectors. By combining scale investments and hands-on operational leadership, BXLS helps bring to market promising new medicines and medical technologies that improve patients’ lives and currently has $12 billion in assets under management.

About Blackstone Credit & Insurance
Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset-based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.

Forward Looking Statements
Certain matters discussed in this press release are “forward-looking statements”. The Company may, in some cases, use terms such as “predicts,” “believes,” “potential,” “continue,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. In particular, the Company’s statements regarding trends and potential future results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the commercial success of the Company’s SUNOSI®, AUVELITY®, and SYMBRAVO® products and the success of the Company’s efforts to obtain any additional indication(s) with respect to solriamfetol and/or AXS-05; the Company’s ability to maintain and expand payer coverage; the success, timing and cost of the Company’s ongoing clinical trials and anticipated clinical trials for the Company’s current product candidates, including statements regarding the timing of initiation, pace of enrollment and completion of the trials (including the Company’s ability to fully fund the Company’s disclosed clinical trials, which assumes no material changes to the Company’s currently projected revenues or expenses), futility analyses and receipt of interim results, which are not necessarily indicative of the final results of the Company’s ongoing clinical trials, and/or data readouts, and the number or type of studies or nature of results necessary to support the filing of a new drug application (“NDA”) for any of the Company’s current product candidates; the Company’s ability to fund additional clinical trials to continue the advancement of the Company’s product candidates; the timing of and the Company’s ability to obtain and maintain U.S. Food and Drug Administration (“FDA”) or other regulatory authority approval of, or other action with respect to, the Company’s product candidates, including statements regarding the timing of any NDA submission; the Company’s ability to successfully defend its intellectual property or obtain the necessary licenses at a cost acceptable to the Company, if at all; the successful implementation of the Company’s research and development programs and collaborations; the success of the Company’s license agreements; the acceptance by the market of the Company’s products and product candidates, if approved; the Company’s anticipated capital requirements, including the amount of capital required for the commercialization of SUNOSI, AUVELITY, and SYMBRAVO and for the Company’s commercial launch of its other product candidates, if approved, and the potential impact on the Company’s anticipated cash runway; the Company’s ability to convert sales to recognized revenue and maintain a favorable gross to net sales; unforeseen circumstances or other disruptions to normal business operations arising from or related to domestic political climate, geo-political conflicts or a global pandemic and other factors, including general economic conditions and regulatory developments, not within the Company’s control. The factors discussed herein could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Axsome Contacts:

Investors:
Mark Jacobson
Chief Operating Officer
(212) 332-3243
mjacobson@axsome.com

Media:
Darren Opland
Director, Corporate Communications
(929) 837-1065
dopland@axsome.com

Blackstone:
David Vitek
(212) 583-5291
David.Vitek@blackstone.com

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A new chapter begins. AstraZeneca has completed their acquisition of EsoBiotec

Thuja Capital

Jean-Pierre Latere, Philippe Parone, and the entire EsoBiotec team will continue their development of the EsoBiotec Engineered NanoBody Lentiviral (ENaBL) platform with an exciting new partner in AstraZeneca.  This is a tremendous milestone for patients as the combination of EsoBiotec and AZ will accelerate the development of their in vivo cell therapy technology which empowers the immune system to attack cancers while potentially increasing access to this transformative therapy for many more patients. This is also a great milestone for Wallonia, and Belgium as a whole, as this will further expand the critical biotechnology resources and infrastructure in the region.

We are excited to see what this impressive new team will achieve together, and we wholeheartedly congratulate JP and everyone at EsoBiotec for their tremendous hard work to get this far.

Link to press release: https://www.astrazeneca.com/media-centre/press-releases/2025/acquisition-of-esobiotec-completed.html

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