Category Archives: News

Thoma Bravo Completes Acquisition of Verint, a Leader in AI-Driven Customer Experience Automation

Thomabravo

MELVILLE, N.Y, MINNEAPOLIS & SAN FRANCISCO—Thoma Bravo, a leading software investment firm, today announced that following the completion of its previously announced acquisition of Verint Systems, Inc. (“Verint”) on November 26, 2025, it has combined the global customer experience (CX) automation leader with its portfolio company, Calabrio, to create the industry’s most comprehensive AI-powered CX platform.

With the completion of the transaction, Verint Chairman and CEO Dan Bodner will transition to an advisory role. Effective immediately, Mike Lipps, an Operating Partner with Thoma Bravo, will become Chairman of the Board of the combined companies and serve as Verint’s interim CEO, with the Verint executive team reporting to him. Calabrio CEO Dave Rhodes will continue in his role, also reporting directly to Mr. Lipps.

“I am proud of our CX automation category leadership and the tremendous value our AI-powered solutions have delivered to leading brands around the world,” said Dan Bodner. “With Thoma Bravo’s support, I am confident Verint is poised for continued innovation and growth. As I transition to an advisory role, I look forward to supporting Mike and the team as they take Verint to the next level of success.”

“We look forward to bringing together the complementary strengths of Verint and Calabrio to lead the market as a CX Automation powerhouse,” said Mike Lipps. “The market demand for AI-powered solutions has never been stronger and continues to accelerate. By uniting these great teams and product portfolios, the combined company will be uniquely positioned to deliver transformative outcomes for organizations of all sizes.”

About Thoma Bravo
Thoma Bravo is the world’s largest software-focused investment firm, with over US$181 billion in assets under management as of September 30, 2025. Through its private 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 565 companies representing approximately US$285 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.

About Verint
Verint® is a leader in Customer Experience (CX) Automation, serving a customer base that includes more than 80 of the Fortune 100 companies. The world’s most iconic brands use the Verint Open Platform and our team of AI-powered bots to deliver tangible AI Business Outcomes, Now™ across the enterprise. Verint is uniquely positioned to help brands increase CX Automation with our differentiated, AI-powered Open Platform; driving enhanced customer engagement, increased efficiency and reduced costs across contact centers, back offices and digital channels. Verint, The CX Automation Company™, is proud to be Certified™ by Great Place To Work®. Learn more at Verint.com.

VERINT, VERINT DA VINCI, VERINT OPEN CCAAS, THE CX AUTOMATION COMPANY, THE CUSTOMER ENGAGEMENT COMPANY AND THE ENGAGEMENT CAPACITY GAP are trademarks of Verint Systems Inc. or its subsidiaries. Verint and other parties may also have trademark rights in other terms used herein.

About Calabrio
Calabrio is a trusted ally to leading brands. The digital foundation of a customer-centric contact center, the Calabrio ONE workforce performance suite helps enrich and understand human interactions, delivering business outcomes by optimizing every customer interaction. We maximize agent performance, exceed customer expectations, and boost workforce efficiency using connected data, AI-fueled analytics, automated workforce management, and personalized coaching. Only Calabrio ONE unites workforce optimization (WFO), agent engagement, and business intelligence solutions into a cloud-native, fully integrated suite that adapts to your business. Calabrio, Calabrio ONE, and the Calabrio logo are registered trademarks or trademarks of Calabrio, Inc. All other trademarks mentioned in this document are the property of their respective owners. Calabrio operates in Canada under Calabrio Canada, Ltd., based in British Columbia.

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Thoma Bravo Completes Acquisition of PROS Holdings, Inc.

Thomabravo

SAN FRANCISCO—Thoma Bravo, a leading software investment firm, today announced the completion of its acquisition of PROS Holdings, Inc. (“PROS”), a leading provider of AI-powered SaaS pricing and selling solutions, in an all-cash transaction valuing PROS at approximately $1.4 billion.

With the completion of the transaction, PROS shareholders will receive $23.25 per share in cash for each share of common stock they owned. The company’s common stock has ceased trading and will be delisted from NYSE.

As previously announced, with the closing of this transaction, Thoma Bravo will run PROS’ travel business as a platform investment (“PROS Travel”), while PROS’ B2B business will combine with Thoma Bravo’s existing portfolio company Conga, a leader for AI-powered innovation in configure, price, quote, contract lifecycle management and document automation. Conga’s acquisition of PROS’ B2B business is expected to close in Q1 2026, subject to customary closing conditions.

Sunil John will serve as the CEO of PROS Travel, and Jeff Cotten will transition to the PROS Travel Board of Directors and provide continued leadership. Sunil has more than two decades of experience at PROS, most recently serving as Chief Product Officer, and will be responsible for overseeing the strategic direction and continued growth of PROS Travel. “At a time when the airline industry stands at a pivotal turning point, we have an incredible opportunity to accelerate our innovation and empower modern airline retailing through intelligent, dynamic experiences that will define the future of travel,” said Sunil John.

“I am immensely proud of everything we have achieved to ready PROS for its new chapter and continued evolution delivering world-class AI-powered sales optimization software,” said Jeff Cotten, President and CEO of PROS. “As a private company with Thoma Bravo’s support and Sunil’s exceptional leadership, PROS Travel will gain the agility and flexibility needed to deliver on our strategic priorities and remain at the forefront of AI in the dynamic travel sector. At the same time, combining PROS’ B2B business with Conga will enable focused innovation and unlock broader and more powerful intelligent commerce solutions for B2B customers.”

“PROS has built a trusted portfolio of AI-driven solutions serving both the travel and B2B sectors, and we’re excited by the opportunities ahead for both businesses to strengthen their leadership positions in their respective categories,” said A.J. Rohde, a Senior Partner at Thoma Bravo. “We look forward to applying our sector and operational expertise to advance AI capabilities and propel growth.”

Advisors

Qatalyst Partners served as exclusive financial advisor to PROS, DLA Piper LLP (US) served as its legal counsel and Joele Frank, Wilkinson Brimmer Katcher served as its strategic communications advisor. Evercore served as financial advisor to Thoma Bravo, Kirkland & Ellis LLP served as its legal counsel and FGS Global served as its strategic communications advisor.

About PROS

PROS Holdings, Inc. is a leading provider of SaaS solutions that optimize omnichannel shopping and selling experiences, powering intelligent commerce. Leveraging leadership in revenue and pricing science, the PROS Platform combines predictive AI, real-time analytics, and powerful automation to dynamically match offers to buyers and prices to products. Businesses win more with PROS. Learn more at pros.com.

About Thoma Bravo

Thoma Bravo is the world’s largest software-focused investment firm, with over US$181 billion in assets under management as of September 30, 2025. Through its private 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 565 companies representing approximately US$285 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.

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KKR Leads $700M Round Valuing Saviynt at ~$3B to Advance Identity Security for the AI Era

KKR

KKR joined by Sixth Street Growth, TenEleven, and Carrick Capital as Principal Investors

LOS ANGELES and NEW YORK, Dec. 9, 2025 /PRNewswire/ — Saviynt, a leading identity security company, today announced a $700M Series B Growth Equity Financing at a valuation of approximately $3 billion. Funds managed by KKR, a leading global investment firm, led the round with participation from Sixth Street Growth and TenEleven, as well as new funding from existing Series A investor Carrick Capital Partners. The multi-firm investment underscores a shared conviction that identity management is the foundational infrastructure for organizations deploying AI at scale.

Saviynt’s AI-powered platform manages, secures, and governs access for human, non-human, and AI agent identities across an organization’s applications, data, and infrastructure. By converging identity management and governance (IGA), privileged access management (PAM), application access governance (AAG), identity security posture management (ISPM), and access gateways across all types of identities, Saviynt simplifies compliance, reduces risk, and improves efficiency for companies moving to cloud and AI-driven infrastructure.

As enterprises adopt copilots, autonomous agents, MCP servers, and AI-driven workflows, the need for an AI-driven Identity Security platform that addresses all posture, lifecycle, access, and privilege use cases across these non-human identities and their interactions with human identities is foundational.

“This is a defining moment for Saviynt and the industry,” said Sachin Nayyar, Founder & CEO of Saviynt. “The demand for secure, governed identity has never been greater, and this growth investment gives us the resources to meet it head-on. We chose to strategically partner with KKR and Sixth Street Growth because they understand how central identity has become to enterprise AI strategies, and they have long track records of helping category leaders scale globally. We’re excited to work with them to accelerate innovation and bring identity security to every organization operating in the AI era.”

AI Has Accelerated Identity’s Scale Problem

Legacy identity and access management tools were designed for human users and static access patterns. Today’s enterprises must govern:

  • Employees and contractors
  • Machine identities and workloads
  • Service accounts, certificates, keys, secrets
  • Partners, contractors, and other supply chain identities
  • And now, AI agents that operate continuously and make real-time decisions

AI-generated identities are the newest and fastest-growing type of identity class, and the one with the greatest potential to reshape how work, productivity, and operations function across the enterprise.

Identity security provides AI the important guardrails it needs to deliver real value and control risk. This shift has transformed identity governance from a security and compliance function into a strategic requirement for AI adoption.

“Saviynt has built one of the most advanced and comprehensive identity security platforms in the market, purpose-built for the AI era,” said Ben Pederson, Managing Director at KKR. “The Company is redefining how organizations secure their digital ecosystems, and we look forward to strategically partnering with Sachin and the Saviynt team to help further scale their platform globally, advance their next-generation AI capabilities, and leverage KKR’s proven experience supporting leading cybersecurity businesses to accelerate growth and innovation.”

Saviynt’s Market Momentum

Saviynt’s growth reflects the rising urgency around governing human, machine, and AI-agent identities at scale. Recent events driving momentum include:

  • Expanded to 600+ global enterprise customers, representing more than 20% of Fortune 100 companies
  • Extended its platform, adding innovative new products for AI Agent Identity Management, Non-Human Identity Management, Privileged Access Management, and Identity Security Posture Management (ISPM)
  • Added AI-enabled intelligence across its core Identity platform, resulting in significant efficiency gains in application onboarding, access certification, access reviews, and provisioning / deprovisioning processes
  • Delivered significant integrations with major ecosystem players, including AWS, CrowdStrike, Zscaler, Wiz, and Cyera

Capital to Accelerate Research & Development

The funding will be used as growth capital to increase, expand, and accelerate product development; generate additional AI-based utilities, methodologies, and programs that facilitate the migration from legacy solutions to Saviynt’s platform; and enable deeper integration with hyper-scalers, software/SaaS platforms, professional services firms, and value-added resellers.

New and Existing Investor Alignment Signals Category Definition

KKR’s investment builds on its extensive experience supporting leading businesses across the cybersecurity landscape, including identity and access management, threat detection, and security software. With a 20-year track record, KKR has backed category-defining cybersecurity platforms such as Darktrace, ReliaQuest, and KnowBe4, and has deep identity-security expertise through its work investing in and partnering with industry leaders like Ping Identity, ForgeRock, and Semperis. This breadth of experience, combined with KKR’s technical insight and industry relationships, provides strong validation of Saviynt’s platform and positions KKR to help the company scale its identity security offering globally. The investment will be made primarily through KKR’s Next Generation Technology Growth Fund III.

Piper Sandler served as exclusive financial advisor to Saviynt, and Cooley LLP served as legal counsel to Saviynt. Latham & Watkins LLP served as legal advisor to Carrick Capital Partners. Gibson, Dunn & Crutcher LLP served as legal advisor to KKR & Co. Inc. Moelis & Co served as financial advisor to Sixth Street Growth, and Kirkland & Ellis LLP served as legal advisor to Sixth Street Growth.

About Saviynt

Saviynt’s AI-powered identity platform manages and governs human and non-human access to all of an organization’s applications, data, and business processes. Customers trust Saviynt to safeguard their digital assets, drive operational efficiency, and reduce compliance costs. Built for the AI age, Saviynt is helping organizations safely accelerate their deployment and usage of AI today. Saviynt is recognized as the leader in identity security, with solutions that protect and empower the world’s leading brands, Fortune 500 companies, and government institutions. For more information, please visit www.saviynt.com.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About Sixth Street Growth

Sixth Street Growth makes investments in mid- and late-stage technology companies. Sixth Street Growth is the dedicated growth investing platform of Sixth Street, a leading global investment firm with over $115 billion in assets under management and committed capital. Sixth Street has invested over $10 billion in more than 70 companies through its Growth franchise since inception. For more information, and additional disclosures, visit www.sixthstreet.com/growth, and follow Sixth Street on LinkedIn.

SOURCE ​Saviynt

 

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Namox joins the Remazing Group

IK Partners

Hamburg, 9th of December 2025 – As of today, Namox, the Dresden-based Amazon agency, becomes part of the Remazing Group. Through this collaboration, the Remazing Group solidifies its position as one of Europe’s leading providers of online marketplace solutions.

Founded in 2017 by CEO Marco Podavka, Namox offers services such as Amazon content production, brand store creation, PPC and DSP advertising, as well as international marketplace expansion. In addition, the company provides consulting, training, and hands-on support to enhance overall marketplace performance.

With Namox, the Remazing Group’s portfolio expands by 40 brands across the Household, Fashion, Fitness & Nutrition, and Home & Garden categories. All clients across the group are expected to benefit from an increase in knowledge, capabilities, and specialised expertise. Furthermore, the combined organisation is expected to generate synergies through shared technology solutions and centralised functions.

With this merger, the Remazing Group continues its strong growth trajectory and establishes itself as a unique European platform in the e-commerce sector, supported by proprietary software solutions that leverage advanced data analytics, automation capabilities, and scalable infrastructure to drive superior performance for brands. Approximately 200 e-commerce experts across 7 offices in 5 countries work together to drive client success and create innovative solutions for more than 400 brand
partners.

Hannes Detjen & Emil Beck, Co-Founders Remazing Group: “We are very pleased to welcome Marco and his excellent team to the Remazing Group. Namox has consistently impressed us with its deep expertise and outstanding performance. We are firmly convinced that together we will realize our vision with
even greater speed.”

Marco Podavka, Founder Namox: “Joining the Remazing Group marks an important milestone for Namox. We see tremendous potential in combining our strengths to deliver even greater value to our clients. My team and I are excited for the journey ahead and look forward to shaping the future of marketplace excellence together.”

About Remazing

Remazing is a leading international provider of services and software solutions for brands on Amazon and other online marketplaces. As a global partner of industry leaders, we help brands write their own success stories in all relevant markets. Our team of e-commerce experts develops locally tailored strategies and implements content optimizations, advertising campaigns and monitoring using our own software solution, Remdash. For more information visit www.remazing.eu

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Altor acquires a majority stake in Evac and partners with management

elsinki / Stockholm, December 8, 2025. Altor Fund VI and Altor ACT I (jointly “Altor”) has signed an agreement to acquire a majority stake in Evac Holding Oy (“Evac”), a global leader in integrated water and waste management systems for marine and land-based use-cases, from Bridgepoint, one of the world’s leading mid-market investors (“Bridgepoint”). Evac’s management will reinvest alongside Altor. Altor will work closely with Evac’s management to support their growth ambitions across segments and products. The company will benefit from Altor’s strong industrial heritage and track record of supporting industrial companies in the marine segment, including Aalborg Industries, Navico and Wrist Ship Supply.

Evac was founded in 1979 and has since evolved into a global leader in end-to-end cleantech solutions for marine, off-shore and land-based industries. Evac specialises in mission-critical water, waste management and vessel protection systems that enable the world’s navies, cruise operators and commercial fleets to operate safely, sustainably and efficiently. The company is headquartered in Espoo, Finland with approximately 550 employees, presence in more than 70 countries and a world-class global service network. Evac is the preferred choice by the most sophisticated and demanding ship owners and yards. Evac’s diversified marine and land-based customer base is found across cruise, naval, merchant, yacht and other marine segments.

“We are pleased to welcome Altor as our new partner, we are confident that we will benefit from their strong track record of supporting industrial businesses. Evac is driven by a strong focus on innovation, and we strive to pioneer the technology and sustainability transformation of our industry. As we embark on our next chapter, we want to thank Bridgepoint for their support. We are well-positioned and ready to keep on building on our leading position with Altor on board,” said Björn Ullbro, CEO of Evac Group.

“From our very first encounter, we have been highly impressed by Björn and the entire management team at Evac. It is rare to come across a company like Evac with excellence and strong performance in its products and segments. Björn and the team have built a strong company fit for the future with innovation at the core of their success. As we move forward together, we look forward to supporting the team in driving growth from continued product innovation and M&A” said Bengt Maunsbach, Partner and Head of Industrials at Altor.

The investment is made through Altor Fund VI, and Altor ACT I. Altor ACT I is a EUR 1.1bn climate-focused companion fund to Altor Fund VI. Altor ACT I focuses on the green transition and targets investment opportunities within decarbonization and circularity.

Altor was advised by DNB Carnegie (M&A Advisor) and Krogerus (Lead Legal Advisor).

About Altor

Since inception, the family of Altor funds has raised more than EUR 12 billion in total commitments. The funds have invested in more than 100 companies. The investments have been made in medium-sized companies predominantly in the Nordic and DACH regions with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Silo AI, Mandatum, Piab, Wrist Ship Supply and Aalborg Industries.

About Evac

Evac is a global leader in integrated water, waste and wastewater management solutions, as well as corrosion protection and marine growth prevention systems, for the marine, offshore and land-based construction industries. Guided by our promise Nothing to waste, we help customers cut waste, save water and lower emissions, supporting the shift toward more circular and sustainable operations.

Founded in 1979 and headquartered in Espoo, Finland, the company operates through offices in 13 countries across four continents and a network of representatives in more than 70 countries worldwide.

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Alexander & Baldwin to be Taken Private in $2.3 Billion Transaction

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Blackstone

Shareholders to Receive $21.20 Per Share in Cash Representing a 40.0% Premium to Closing Price on December 8, 2025

HONOLULU – Alexander & Baldwin, Inc., (NYSE: ALEX) ( “A&B” or the “Company”), a Hawaiʻi-based owner, operator and developer of high-quality commercial real estate in Hawaiʻi, today announced that it has entered into a definitive merger agreement in which a joint venture formed by MW Group and funds affiliated with Blackstone Real Estate and DivcoWest (collectively, the “Investor Group”) will acquire all outstanding A&B common shares for $21.20 per share in an all-cash transaction with an enterprise value of approximately $2.3 billion, including outstanding debt. As a result of this transaction, A&B will become a private company.

A&B is the largest owner of high-quality, grocery-anchored shopping centers in Hawai‘i. The Company’s portfolio consists of approximately 4.0 million square feet of commercial space, including 21 retail centers, 14 industrial assets and four office properties, as well as fee interests in 146 acres of ground lease assets.

“For 155 years, A&B has grown alongside Hawaiʻi, shaped by the people, values and communities that define these islands,” said Lance Parker, President and Chief Executive Officer of A&B. “Today, we are taking an important step toward our long-term vision for A&B as stewards of Hawai‘i’s premier commercial real estate. As a private company supported by the deep real estate expertise and experience of our new ownership group, A&B will have greater capacity to serve its tenants and communities. In our next chapter, we will continue focusing on real estate that supports the daily lives of residents, overseeing our properties with care and remaining steadfast in our role as partners for Hawai‘i.”

“We’re pleased to reach this agreement, which delivers significant, immediate and certain value to our shareholders while strengthening A&B’s ability to serve the diverse needs of communities across Hawai‘i,” said Eric Yeaman, Chairman of the A&B Board. “The Board is confident that today’s news is in the best interests of all of A&B’s stakeholders. It delivers a substantial cash premium for shareholders and long-term benefits for our valued employees, tenants and communities.”

“As a Hawai‘i-grown company founded over 35 years ago, we have seen firsthand the community contributions and lasting value that Alexander & Baldwin has created across generations,” said Stephen Metter, CEO at MW Group. “We look forward to supporting the Company’s legacy and magnifying our collective impact on the communities we serve.”

Blackstone Real Estate has a long history of responsible ownership in Hawai‘i, including iconic hospitality properties, such as Grand Wailea, The Ritz-Carlton Maui, Kapalua, Turtle Bay and Hilton Hawaiian Village, as well as retail property Pearlridge Center and high-quality rental housing on O‘ahu.

“We’re excited to reach this agreement, which deepens our commitment to Hawai‘i and our long-standing support for its local businesses. Our approach has always centered on operating responsibly and creating new opportunities for community members, including the more than 9,000 jobs created and supported by our investments in Hawai‘i,” said David Levine, Co-Head of Americas Acquisitions for Blackstone Real Estate. “We have a deep appreciation for what the Alexander & Baldwin management team has built, and we look forward to working together going forward.”

“Alexander & Baldwin has built an outstanding portfolio and we look forward to working with our partners and the Company to help continue its success,” said Caleb Cragle, Head of Strategic Investments, DivcoWest.

Continuing A&B’s Legacy as Partners for Hawai‘i

The Investor Group is aligned with the following principles to further the Company’s vision for building a better Hawai‘i, today and for the future:

  • Maintaining A&B’s Strong Local Focus: Following the closing of the transaction, A&B will retain its name, brand and Honolulu headquarters.
  • Continued Leadership From Local Team: The Company will continue to be led by a Hawai‘i-based team and is committed to strengthening the relationships and community connection that have driven its long-term success.
  • Enhancing Existing Portfolio of Properties: A&B will continue to maintain its properties at high standards of quality for its tenants and community members. The Investor Group intends to invest over $100 million across the portfolio to enhance the properties and reinforce their essential role in the communities they serve.

Transaction Details
Under the terms of the agreement, A&B shareholders will receive $21.20 per share in cash for each share of A&B common stock they own. This amount represents a 40.0% premium to A&B’s closing stock price on December 8, 2025, the last full trading day prior to the transaction announcement.

The transaction, which was unanimously approved by the A&B Board of Directors, is expected to close in the first quarter of 2026, subject to customary closing conditions including approval by the Company’s shareholders.

Upon completion of the transaction, A&B’s common stock will no longer be listed on the NYSE.

A&B also announced today that its Board of Directors approved a fourth quarter 2025 dividend of $0.35 per share. The dividend is payable on January 8, 2026, to shareholders of record as of the close of business on December 19, 2025. Under the terms of the merger agreement, the per-share consideration that shareholders will receive at the closing of the transaction will be reduced to reflect this dividend.

Advisors
BofA Securities is serving as A&B’s exclusive financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP and Cades Schutte LLP are serving as legal advisors. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor.

Wells Fargo and Eastdil Secured are acting as Blackstone’s financial advisors. Simpson Thacher & Bartlett LLP and Carlsmith Ball LLP are serving as Blackstone’s legal counsel.

Gibson, Dunn & Crutcher LLP is serving as DivcoWest’s legal counsel.

ABOUT ALEXANDER & BALDWIN
Alexander & Baldwin, Inc. (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai‘i commercial real estate and is the state’s largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 4.0 million square feet of commercial space in Hawai‘i, including 21 retail centers, 14 industrial assets, and four office properties, as well as 146 acres of ground lease assets. Over its 155-year history, A&B has evolved with the state’s economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries. Learn more about A&B at www.alexanderbaldwin.com.

About MW Group, Ltd.
MW Group, Ltd. is a privately-held, commercial real estate development company based in Honolulu, Hawai‘i. For more than three decades, the company has led the acquisition, development and management of a diverse portfolio of commercial properties valued at over $1 billion, including retail, industrial, office, self-storage facilities and senior assisted living communities. The company is committed to long-term stewardship, community-building, and creating enduring value through strategic partnerships and operational excellence. Learn more at www.mwgroup.com.

About Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $320 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office and hospitality. Our opportunistic funds seek to acquire well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT). Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).

About DivcoWest
Founded in 1993 by Stuart Shiff, DivcoWest, a DivCore Capital company, is a vertically integrated, real estate investment firm headquartered in San Francisco, with offices in Cambridge, Beverly Hills, Menlo Park, Washington DC, Austin, and New York City. Known for long-standing relationships and experience across the risk-spectrum in innovation markets, DivcoWest combines entrepreneurial spirit with an institutional approach to commercial real estate. DivcoWest aims to create environments that inspire ingenuity, promote growth, and enhance health and well-being. Since inception, DivcoWest and its predecessor have acquired approximately 61 million square feet of commercial space – primarily throughout the United States. DivcoWest’s real estate portfolio currently includes existing and development properties in the office, R&D, lab, industrial, retail, and multifamily spaces. Follow @DivcoWest on LinkedIn.

Contacts:

A&B
Investor Contact:
Clayton Chun
(808) 525-8475
investorrelations@abhi.com

Media Contact:
Tran Chinery
tchinery@abhi.com

MW Group
Dylan Beesley
Bennet Group Strategic Communications
dylan@bennetgroup.com

Blackstone
Jeffrey Kauth
Jeffrey.Kauth@Blackstone.com

Dylan Beesley
Bennet Group Strategic Communications
dylan@bennetgroup.com

DivcoWest
Andrew Neilly
A2N2 Public Relations
925.915.0759
Andrew@A2N2PR.com

Nancy Amaral
A2N2 Public Relations
925.915.0673
Nancy@A2N2PR.com

IMPORTANT INFORMATION AND WHERE TO FIND IT
In connection with the transaction, the Company will file a proxy statement on Schedule 14A with the Securities and Exchange Commission (the “SEC”). The Company also may file other documents with the SEC regarding the transaction. This communication is not a substitute for the proxy statement or any other document which the Company may file with the SEC. INVESTORS AND SHAREHOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION. Investors and shareholders may obtain free copies of the proxy statement and other documents that are filed or will be filed by the Company with the SEC (in each case when available) from the SEC’s website (www.sec.gov), or from the Company’s website (https://investors.alexanderbaldwin.com/sec-filings). Alternatively, these documents, when available, can be obtained for free upon written request to the Company at 822 Bishop Street, Honolulu, HI 96813.

PARTICIPANTS IN THE SOLICITATION
The Company and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from shareholders of the Company in connection with the transaction. Information regarding the Company’s directors and executive officers is contained in the Company’s proxy statement for its 2025 annual meeting of shareholders, which was filed with the SEC on March 11, 2025, and any subsequent documents filed with the SEC. To the extent the holdings of the Company’s securities by the Company’s directors and executive officers have changed since the amounts set forth in the proxy statement for its 2025 annual meeting of shareholders, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the identity of the participants, and their respective direct and indirect interests, by security holdings or otherwise, will be set forth in the proxy statement and other relevant materials to be filed with the SEC in connection with the transaction when they become available. You may obtain free copies of these documents using the sources indicated above.

FORWARD-LOOKING STATEMENTS
This communication includes forward-looking statements, as defined in the U.S. federal securities laws, which involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. Words such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates,” “projects,” “forecasts,” and future or conditional verbs such as “will,” “may,” “could,” “should,” and “would,” as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Such forward-looking statements speak only as of the date the statements were made and are neither statements of historical fact nor guarantees of future performance. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results and the timing of certain events to differ materially from those expressed in or implied by the forward-looking statements. These factors include, but are not limited to, (i) the risk that the merger may not be completed on the anticipated terms and timing, or at all, including the risk that the required approval of the Company’s shareholders may not be obtained or that the other conditions to completion of the merger may not be satisfied, (ii) potential litigation relating to the merger that could be instituted against the Company or its directors or officers, including the effects of any outcomes related thereto, (iii) the risk that disruptions from the merger will harm the Company’s business, including current plans and operations, including during the pendency of the merger, (iv) the Company’s ability to retain and hire key personnel, (v) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the merger, (vi) risks related to diverting management’s attention from ongoing business operations, (vii) potential business uncertainty, including changes to existing business relationships, during the pendency of the merger that could affect the Company’s financial performance, (viii) certain restrictions under the merger Agreement that may impact the Company’s ability to pursue certain business opportunities or strategic transactions, (ix) the possibility that the merger may be more expensive to complete than anticipated, including as a result of unexpected factors or events, (x) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger, including in circumstances requiring the Company to pay a termination fee, (xi) prevailing market conditions and other factors related to the Company’s REIT status and the Company’s business, and (xii) the risk factors discussed in Part I, Item 1A of the Company’s most recent Form 10-K under the heading “Risk Factors,” Form 10-Q and other filings with the SEC (which are available via the SEC’s website at www.sec.gov). The information in this communication should be evaluated in light of these important risk factors. We do not undertake any obligation to update or review the Company’s forward-looking statements, except as required by law, whether as a result of new information, future developments or otherwise.

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Wrexham AFC Welcomes Apollo Sports Capital as a Minority Investor

Apollo
Multi-faceted investment fuels growth on and off the pitch, including major STōK Cae Ras redevelopment

WREXHAM, UK and NEW YORK – December 8, 2025 – Wrexham AFC and its Co-chairmen, Rob Mac and Ryan Reynolds, are excited to welcome Apollo Sports Capital, an affiliate of Apollo (NYSE: APO), a global alternative asset manager, as new minority investors in the Club. The investment aligns with Wrexham AFC’s long-term growth strategy and Premier League aspirations, with majority shareholders Mac and Reynolds continuing to oversee the Club as controlling owners.

As part of the investment, Apollo Sports Capital will also provide financing for the STōK Cae Ras, helping advance the ongoing redevelopment of the stadium, including the new Kop Stand. The redevelopment is a key component of the larger Wrexham Gateway Project, a large-scale regeneration plan to support the city’s connectivity and economic future. The project celebrates Wrexham’s heritage while creating an iconic destination for fans, visitors and the local community.

In a joint statement, Wrexham AFC Co-chairmen Rob Mac and Ryan Reynolds said, “From day one, we wanted to build a sustainable future for Wrexham Association Football Club. And to do it with a little heart and humor. The dream has always been to take this club to the Premier League while staying true to the town. Growth like that takes world-class partners who share our vision and ambition, and Apollo absolutely does. We have known Al Tylis, the CEO of Apollo Sports Capital, for many years and are thrilled to now have ASC join the Wrexham family as we take the next step forward together.”

Apollo Partner and Co-Portfolio Manager of ASC Lee Solomon said, “Wrexham is on an incredible journey, and we are thrilled to be a part of it and to support the Club, the Wrexham community and Rob and Ryan. This is a multi-faceted investment where Apollo Sports Capital can provide long-term, patient capital to help Wrexham reach its goals and to contribute to the ongoing revitalization of the facilities and local economy.”

Wrexham AFC CEO Michael Williamson said, “We’re delighted to welcome Apollo Sports Capital as a new partner in Wrexham’s journey. Their investment represents both confidence in the Club’s direction and commitment to our long-term vision. Together, we will continue to strengthen Wrexham AFC on and off the pitch, building a sustainable future for the Club for our supporters, our community, and the generations to come.”

The investment by Apollo Sports Capital follows a minority investment by the Allyn Family Office in October 2024, both reinforcing the Club’s sustainable growth plans. In the 2024/25 season, Wrexham AFC achieved a third straight promotion – a feat matched by only a few clubs in English football history – earning promotion into the EFL Championship.

About Wrexham AFC

Wrexham Association Football Club are based in Wrexham, North Wales, and after an historic, record-breaking three consecutive promotions are competing in the EFL Championship, the second tier of the English football league pyramid. Formed in 1864, they are the oldest Club in Wales and the third oldest professional team in the world. Wrexham have won the Welsh Cup a record 23 times and beaten some of the biggest clubs in the game in the English FA Cup and UEFA European Cup Winners Cup. The STōK Cae Ras, home to Wrexham AFC, is the world’s oldest international stadium that continues to host international games.

Wrexham AFC are owned by Rob Mac and Ryan Reynolds. The goal of the owners is to grow the team and establish Wrexham AFC as a Premier League club in front of increased attendances, and in an improved stadium, while making a positive difference to the wider community in Wrexham. This goal is being pursued through four guiding principles: i) to protect the heritage of Wrexham AFC; ii) to reinforce the values of the community; iii) to use Rob and Ryan’s resources to grow the exposure of the Club at home and abroad; and iv) to create a winning culture. For more information, please visit wrexhamafc.co.uk.

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 September 30, 2025, Apollo had approximately $908 billion of assets under management. To learn more, please visit www.apollo.com.

Contacts

Wrexham AFC: media@wrexhamafc.co.uk

Apollo: communications@apollosportscapital.com

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PAI Partners acquires Innovad Group from IK Partners

IK Partners

PAI Partners (“PAI”), a pre-eminent private equity firm, today announces that it has entered into a definitive agreement to acquire Innovad Group (“Innovad” or the “Group”), a global speciality animal feed additives player, from IK Partners (“IK”), a leading European private equity firm. PAI is acquiring its stake from the IK IX Fund. The Innovad management team, led by Ben Letor, will reinvest as part of the transaction.

Innovad is a leading supplier of animal health and nutrition solutions, offering a wide range of speciality additives, which mainly focus on the poultry, ruminant and swine species. The Group has developed a diversified, well-positioned portfolio of products, focusing on high-value applications that support a range of health outcomes, such as gut health, mycotoxins control management, and immunity.

Headquartered in Antwerp, Belgium, Innovad serves a diverse range of 900 customers across 75 countries. It operates six production facilities, supported by a combination of in-house manufacturing in Belgium, Brazil and Italy, as well as tolling partners in Switzerland and Italy.

Under the ownership of IK since 2021, Innovad has developed significantly, delivering double-digit revenue growth by expanding into primary ingredients, adopting a solutions-driven approach and entering strategic markets. The Group’s transformation journey with IK includes the successful launch of a disruptive biomonitoring tool for toxins control and the completion and integration of three acquisitions that have strengthened its competitive position, enhanced its expertise, most notably in the phytogenic segment, and expanded its direct presence across key markets.

PAI intends to build on this growth momentum by supporting Innovad’s transformation journey and further establishing the company as a leader in the attractive speciality animal feed additives market. This includes accelerating organic growth, pursuing strategic acquisitions, and building a solid platform to continue the Group’s expansion.

Ben Letor, CEO of Innovad Group, said: “Our journey alongside IK and the entire Innovad Group team has been a notable navigation, culminating in achievements we are very proud of. We are excited to continue building on our solid fundamentals, progressive company culture and care for our clients’ needs and challenges. We feel very honoured to have earned the trust of PAI and we believe that this new partnership, with its fresh perspective and skills, will enrich and support our ambition and impactful projects moving forward.”

Gaëlle d’Engremont and Julie Gautier, Partners at PAI Partners, said: “We are delighted to partner with Ben Letor and the Innovad management team to support the Group in its next phase of growth. Innovad has established itself as a fast-growing, global challenger in specialty animal feed additives – we look forward to accelerating this transformation, drawing on our significant experience in establishing Food & Consumer businesses as global leaders, particularly in the ingredients and animal nutrition space, where we have a proven track record.”

Remko Hilhorst, Managing Partner at IK Partners and Adviser to the IK IX Fund, said: “When we acquired Innovad in 2021, we were already impressed with the Group’s R&D capabilities and growth potential and have taken important steps to continue its development as a market-leading animal health platform. With IK’s support, Innovad has expanded in several key geographic markets, broadened its phytogenic product range, and increased R&D spending to build on the success of the Myco-Marker application. We’d like to wish Ben and the entire team the best of luck with the next phase of Innovad’s growth in partnership with PAI.”

The transaction is expected to close in the first quarter of 2026.

Contacts

Innovad Group
Grietje Renders
+32 3 502 18 88

PAI Partners
Dania Saidam
+44 20 7297 4678

IK Partners
Vidya Verlkumar
+44 7787 558 193

About Innovad Group

Innovad is a leading provider of animal nutrition and health solutions, offering a diverse range of solutions to meet the evolving needs of the livestock industry. Founded on the principle of trust, inspired by nature, Innovad is dedicated to promoting animal well-being and enhancing their productivity while minimising environmental impact. By pioneering the use of plant bio-actives and biomonitoring tools, Innovad is committed to delivering innovative, science-based solutions and bio-circular ingredients with the aim of reducing the use and abuse of medication and chemicals in the animal health world. Serving a wide arrange of clients including integrators, producers, veterinarians, and feed companies, the Innovad Group delivers targeted water soluble, natural and in-feed solutions tailored to specific on-farm needs. We have established ourselves as a trusted partner in addressing key challenges related to gut health, immunity, and mycotoxin management.

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About PAI Partners

PAI Partners is a pre-eminent private equity firm investing in market-leading companies across the globe. The Firm has c. €30 billion of assets under management and, since 1994, has completed over 100 investments in 12 countries and realised more than €33 billion in proceeds from c. 70 exits. PAI has built an outstanding track record through partnering with ambitious management teams where its unique perspective, unrivalled sector experience, and long-term vision enable companies to pursue their full potential – and push beyond. Learn more at www.paipartners.com.

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About IK Partners

IK Partners (“IK”) is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €20 billion of capital and invested in over 200 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit ikpartners.com

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Stonepeak Launches Peregrine Cold Logistics

Stonepeak

 Novo Specialist Platform Investing in Cold Chain Logistics in Asia Pacific and the GCC

NEW YORK & SINGAPORE – December 8, 2025 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the launch of Peregrine Cold Logistics (“Peregrine” or the “Platform”), a new cold chain logistics platform in Asia Pacific and the GCC, to meet the accelerating demand for temperature-controlled infrastructure across the region.

Headquartered in Singapore, Peregrine will target cold chain opportunities across key markets including the ASEAN region, North Asia, and the GCC, with the goal of providing high-quality storage capacity and ancillary logistics solutions to support the movement of temperature-sensitive and perishable goods throughout the supply chain. The Platform will seek to both acquire existing cold chain businesses and develop new greenfield and brownfield projects. In conjunction with the launch, Peregrine has agreed to acquire an initial seed asset, Pinnacle Cold Storage Inc., a cold storage business in the Philippines.

The Platform is led by an experienced management team including industry veterans with more than 30 years of experience in cold chain logistics and an extensive track record of scaling cold chain businesses in Asia Pacific and around the world. The team brings with them deep operational, technological, and regional expertise and a wide network of customer relationships globally.

Jeff Hogarth, CEO of Peregrine, commented, “Peregrine was founded with a clear mission: to redefine cold chain logistics across Asia Pacific and the GCC by delivering first-rate infrastructure, fostering strong local partnerships, and enabling the safe, efficient, and sustainable movement of food and essential goods. We are thrilled to embark on this journey with Stonepeak, a leading global infrastructure investor with deep cold chain expertise, a broad regional footprint, and proven platform-building experience. As rising standards for food safety and quality continue to drive demand for modern, purpose-built facilities managed by experienced operators, Peregrine is exceptionally well positioned to become a regional leader – not only in scale, but in innovation, reliability, and sustainability.”

Michael Chan, Managing Director at Stonepeak, added, “Stonepeak is excited to expand on its global experience in cold chain logistics with this further investment into Asia Pacific and the GCC. The sector continues to benefit from long-term structural tailwinds in the region including the continued impact of rapid urbanization, rising incomes, and growing consumption, all of which drive calorie intake and protein consumption. With the cold storage industry landscape across much of Asia still highly fragmented, we believe there is an opportunity to build a specialist platform of scale to serve the growing needs of the region. We are excited to be partnering with Jeff and team, share their vision for Peregrine, and look forward to supporting them on the journey ahead.”

About Peregrine Cold Logistics
Peregrine Cold Logistics is an institutionally backed cold-chain platform focused on developing and operating modern temperature-controlled logistics infrastructure across Asia Pacific and the GCC. Based in Singapore, Peregrine provides integrated cold storage, refrigerated transport, and value-added services that support food security, supply-chain transparency and regional growth. For more information, please visit www.peregrinecold.com.

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $80 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 digital infrastructure, energy and energy transition, transport and logistics, 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.

Contacts

For Peregrine Cold Logistics
James Buck
info@peregrinecold.com

For Stonepeak
Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225

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EQT portfolio company Colisée to change ownership

eqt

Colisée (“the Company”), a European private-sector provider of support and care for the elderly, today announced the signing of a lock-up agreement as part of a financial recapitalization plan led by its lenders, resulting in a transition of ownership. As part of this process, EQT Infrastructure V (“EQT”) and other shareholders are expected to exit their position.

EQT acquired a majority stake in Colisée in 2020. At the time, EQT was attracted by the Company’s strong focus on quality of care and the opportunity to grow the business while upholding its best-in-class standards.

During EQT’s ownership, Colisée expanded from 270 to almost 400 facilities. EQT supported significant investments in staff training, facility maintenance, digital systems and other initiatives to improve the quality of care and services. The Company also accelerated its sustainability efforts, becoming the first nursing home operator in France to adopt the status of entreprise à mission and introducing rigorous quality evaluation and monitoring frameworks, resulting in validated near-term Science Based Targets.

Despite revenue growth since EQT’s acquisition, Colisée has faced margin deterioration since 2022, driven by several market-related headwinds and operational challenges. In response, EQT worked closely with Colisée’s management to implement a performance improvement plan, followed by the initiation of a recapitalization plan aimed at achieving a sustainable capital structure.

Throughout, EQT’s priority has been to partner with the Company to ensure a solid foundation, and to safeguard the continuity of operations and quality of care for residents. While EQT had put forward a proposal that aimed to deliver stability and sustainability across the capital structure with significant new equity, Colisée’s lenders have decided to impose their own plan. The recapitalization plan announced today will result in EQT exiting its position in Colisée.

Arnaud Marion, CEO of Colisée, said: “Colisée sincerely thanks EQT for its role as a responsible and highly committed lead shareholder throughout its ownership in Colisée and during the recapitalization process of the Company. Today, Colisée is well-positioned to achieve strong and sustainable performance over the coming years while ensuring we continue to provide market-leading service to our residents.”

The legal and technical implementation of the contemplated recapitalization plan is expected to take several months.

Contact
EQT Press Office, press@eqtpartners.com

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About EQT
EQT is a purpose-driven global investment organization with EUR 267 billion in total assets under management (EUR 139 billion in fee-generating assets under management) as of 30 September 2025, within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
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