Category Archives: News

Gimv welcomes Bart Troubleyn to lead Gimv Anchor

GIMV

Following the recent official launch of Gimv Anchor, a collaboration between Gimv and WorxInvest to support Gimv’s growth ambitions, Gimv is pleased to announce the arrival of Bart Troubleyn as Head of Gimv Anchor. In that capacity, Bart will also become a member of Gimv’s Executive Committee.

Based on Gimv’s expertise and experience of building leading companies, Gimv Anchor wishes to embark on a long-term pathway for growth together with companies  that have a promising compounding growth potential.

Last February, Gimv announced the incorporation of Gimv Anchor Investments through which Gimv and WorxInvest are joining forces around this long-term investment approach, as well as Cegeka as Gimv Anchor’s first investment.

Gimv is therefore pleased to announce that the Board of Directors has appointed Mr. Bart Troubleyn to head Gimv Anchor. As a Managing Partner, Bart will also become a member of Gimv’s Executive Committee. Bart will take on the role of Head of Anchor as of mid-April, working closely with all Managing Partners and teams of the Gimv platforms in terms of both deal sourcing and in further strengthening the active value creation across platforms.

Bart has a solid track record as CEO, COO, and business consultant working for and with both large global corporations and entrepreneurial family-owned businesses, including Sea Invest, Manuchar and Roland Berger. Bart gained extensive international experience across different continents.

Filip Dierckx, Chairman of the Board of Directors, and Koen Dejonckheere, CEO, jointly declare: “We are delighted to welcome Bart to lead Gimv Anchor. With a proven track record in general management, strategy, M&A, corporate restructuring and IT/digital transformation, Bart brings a wealth of experience to Gimv. We wish him lots of success and look forward to working together to further develop Gimv Anchor as a long-term growth driver for Gimv.”

Bart Troubleyn, Head of Gimv Anchor, adds: “It is an honor to take on the role of Head of Gimv Anchor and contribute to Gimv’s ambitious plans to accelerate growth and create value by building leading companies. I look forward to working with the Gimv Team in realizing the mission of Gimv Anchor: supporting companies with a promising long-term growth potential by providing them with capital, knowledge and experience to boost that further growth.”

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Forcura and Medalogix Join to Create Transformative Post-Acute Care Technology Platform

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Berkshire Partners Will Serve as Lead Investor in the New Platform, with The Vistria Group Investing Alongside as a Key Minority Shareholder

JACKSONVILLE, Fla. and NASHVILLE, Tenn. – March 19, 2025 – Forcura, the intelligent workflow management company, and Medalogix, a clinical decision support company, today announced that they have combined. Together, the companies will create a leading post-acute care technology platform focused on the advancement of intelligent patient care within home-based care providers and ultimately across the entire healthcare continuum.

Berkshire Partners (“Berkshire”) will be the majority owner of the combined organization, and The Vistria Group (“Vistria”) will be the largest minority shareholder in the transaction.

The strategic combination of Forcura and Medalogix will allow providers to leverage one platform to streamline patient care transitions, simplify collaboration with the broader care team, optimize utilization and resource allocation, and improve end-of-life care management. The new company’s products will make patient care journeys more transparent for referral sources and payers, leverage AI to calibrate patient care delivery, improve outcomes, and drive better business performance for post-acute care providers and their cross-continuum partners.

Post-acute care is a critical part of the US healthcare landscape but is often overly siloed, resulting in fragmented care delivery for patients and a challenging environment for providers. The combined platform will seek to transform how patients experience post-acute care, better connect these providers into the broader healthcare ecosystem, and enable more equitable reimbursements that sustain and elevate the post-acute care sector as healthcare continues to shift further towards value-based care.

“We look forward to our next chapter with Medalogix, where we will continue with our commitment to empower better patient care and elevate the role of post-acute providers in the broader healthcare continuum,” said Craig Mandeville, Founder and CEO of Forcura. Annie Erstling, Forcura’s new President and Chief Transformation Officer, adds, “This investment from Berkshire and Vistria will accelerate our joint development, alongside Medalogix, of a groundbreaking post-acute care technology platform that drives significant value for providers, payers, and patients.” Mandeville will sit on the Board of Directors of the combined business.

“From day one, we have believed that the future of healthcare is in the home,” said Elliott Wood, CEO of Medalogix who will become CEO of the combined business. “We’re excited to join forces with Forcura to maximize the reach and impact of our clinical decision support technology in this sector and help evolve how providers care for patients and guide them to the best care setting while also achieving operational excellence.” Wood continues, “Ultimately, our goal is to help forge a stronger post-acute sector so more patients can receive care where they want it most: at home.”

“We have long admired both Forcura and Medalogix and the vital role they play in the post-acute care ecosystem. We are thrilled to bring these companies together to help create a leading technology platform that solves real pain points for providers and other stakeholders and ultimately helps to drive better patient care,” said Sam Spirn, Managing Director of Berkshire Partners. “We look forward to building a leading organization focused on growth and innovation that aims to deliver significant value to customers across the healthcare continuum,” continued Jon Nuger, Managing Director of Berkshire Partners.

“We are thrilled to be a part of the next chapter of Medalogix’s journey with Forcura. Their combined capabilities will continue to be transformative for enabling superior in-home care delivery effectiveness and efficiency; ensuring patients receive the right care at the right time in their preferred setting,” said David Schuppan, Senior Partner and Co-Head of Healthcare at The Vistria Group.

#  #  #

About Forcura

Forcura, a healthcare SaaS technology company, facilitates continuity of care and improves business performance for providers via its intelligent workflow, collaboration and connectivity solutions. The company is deeply committed to empowering better patient care and enabling a holistic view of the patient anywhere in the continuum.  The company is a 2024 – 2025 Best in KLAS® Winner, is a certified Great Place to Work™ employer, and has ranked for the eighth consecutive year on the Inc. 5000. For more information visit forcura.com.

 

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Ratos divests airteam as part of its ongoing streamlining

Ratos

Regulatory Information 2025-03-18

Ratos has entered into an agreement to divest airteam, one of the Nordic region’s leading suppliers of technical ventilation solutions, to Nalka Invest. The purchase price (equity value) amounts to approximately SEK 1,700m (for 100% of the shares in the company), corresponding to an EV/EBITA multiple of around 10x. The divestment pertains to Ratos’ entire holding in airteam, which amounts to 70% of the shares, and is another step in the previously announced streamlining of Ratos into a group focused on industrial and technological solutions.

“Today’s announcement is an important step in Ratos’ ongoing streamlining of the group, and the divestment is a natural step in the ongoing strategic review of the Construction & Services business area. airteam has performed well financially under Ratos’ ownership, but ventilation solutions are not part of Ratos’ core operations. I’m pleased that airteam gets a qualified and committed owner to support its continued journey, and that Ratos can continue to focus on technological development and industrial product solutions,” says Jonas Wiström, President and CEO of Ratos.

Since Ratos acquired airteam in 2016, the company’s sales have grown from SEK 768m to SEK 1 714m in 2024 while EBITA has increased from SEK 74m to SEK 160m.

Estimated financial impact on Ratos
Ratos will earn a capital gain of approximately SEK 390m on the sale and receive cash and cash equivalents of approximately SEK 1 200m. Final capital gain will be calculated on closing. Overall, this will give Ratos a stronger financial position, ensuring continued scope for value creation through investments and acquisitions in Ratos’ core operations.

The transaction is subject to customary regulatory approval and is expected to be completed in the second quarter of 2025.

For further information:
Katarina Grönwall, VP Communication
+46 70 300 35 38, katarina.gronwall@ratos.com
Christian Johansson Gebauer, President Business Area Construction & Services
+46 8 700 17 00
Jonas Wiström, President and CEO
+46 8 700 17 00

This information is information that Ratos is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-03-18 20:40 CET.

About Ratos
Ratos is a Swedish business group focusing on technological and infrastructure solutions, consisting of 15 companies divided into three business areas: Construction & Services, Industry and Consumer. The companies have approximately SEK 32 billion in net sales 2024. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in Execution and It’s All About People. We enable independent subsidiaries to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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EQT to sell Dellner Couplers to Wabtec

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  • The EQT VIII fund has agreed to sell Dellner Couplers to Wabtec Corporation (NYSE:WAB)
  • During EQT’s ownership, Dellner Couplers has developed into a global leader in train connections systems, promoting safe and sustainable rail transportation

EQT is pleased to announce that the EQT VIII fund (“EQT”) has signed a definitive agreement to sell Dellner Couplers (”Dellner” or “the Company”), a leading provider of train connection systems for passenger rail, to Wabtec Corporation (NYSE: WAB). The transaction values Dellner at approximately EUR 890 million.

Dellner Couplers is a global leader in train connection systems, providing safety-critical components and services to rail manufacturers and operators worldwide. Founded in 1941 in Vika, Sweden, the Company has grown from a family-owned business into one of the most trusted partners of the global rail industry with a strong presence across Europe, North America, and Asia. Its advanced product portfolio includes couplers, gangways, dampers, and aftermarket services, supporting reliable and efficient rail transportation.

Since EQT acquired Dellner in 2019, the Company has strengthened its commercial organization and improved its product portfolio through, for example, the acquisition of CAF MiiRA’s coupling business and targeted investments in research and development. Dellner has also strengthened its sustainability credentials by introducing increased environmental standards across its operations and supply chain. Supported by an experienced industrial board led by Chairman Klaus Deller, these efforts have strengthened Dellner’s market position and laid the foundation for continued growth and innovation.

Nils Ketter, Partner in the EQT Private Equity advisory team, said: “Dellner plays an important role in the train connection market and enables growth in rail transportation, thereby further supporting the shift toward greener mobility. We are grateful to the entire Dellner team for their dedication and hard work and impressed by their unwavering drive for continuous innovation and excellence. We are excited for Dellner and its employees as they join Wabtec, a strong platform from which they can continue to grow, thrive, and build on their expertise to deliver exceptional value to customers.”

Fredric Håkansson, CEO of Dellner, added: “We are grateful for EQT’s support in steering Dellner through a transformational period, helping to professionalize our organization, advance our product portfolio, and strengthen our commitment to sustainability. This transaction is a testament to the dedication of our entire team. As part of Wabtec, we look forward to further enhancing our innovations and delivering best-in-class solutions to customers worldwide.”

The transaction is subject to customary conditions and regulatory approvals.

EQT was advised by J.P. Morgan Securities Plc, Milbank, Vinge and EY.

Contact
EQT Press Office, press@eqtpartners.com

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About EQT
EQT is a purpose-driven global investment organization with EUR 269 billion in total assets under management (EUR 136 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia-Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

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

About Dellner Couplers
Dellner is one of the world’s leading suppliers of Train Connection Systems, with more than 80 years of experience in the rail industry. Based in Falun, Sweden, with 17 subsidiaries around the world and more than 1,200 employees globally, Dellner continues with its steady, robust growth in couplers, gangways, front hatches, dampers and crash energy management, as well as the service segment of the rail industry. Founded in 1941, we have years of tested, proven experience in producing safe and reliable train connections, and providing innovative, state-of-the-art and cutting-edge products and sustainable solutions for our customers.

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CapMan Real Estate and Scandic undertake extensive renovation of historic Hotel Laajavuori, in Finland

CapMan Real Estate and Scandic undertake extensive renovation of historic Hotel Laajavuori, in Finland

CapMan Real Estate, in collaboration with Scandic, is carrying out an extensive renovation of Hotel Laajavuori located in Jyväskylä, Finland. The historic hotel will be modernized by significantly improving its energy efficiency, renovating rooms and spaces, and implementing a large-scale geothermal heating project. The geothermal heating project is executed by LeaseGreen in cooperation with Heatly.

The renovation, which began this month, will bring the historic 24,000 square metre hotel property up to current standards in one go. The property will be transformed into a modern, energy-efficient entity that respects its history, serving guests for decades to come. Work started on March 10th, when the hotel was temporarily closed, and is scheduled to be completed in January 2026. The hotel will however reopen for guests already on June 26th, 2025. Hotel Laajavuori was originally opened in 1969 and was significantly expanded in the mid-1970s. CapMan’s hotel fund took ownership of the hotel in 2008, which is also when the latest expansion occurred. The hotel’s exterior represents brutalist concrete architecture and is protected.

Central to the current renovation is a significant geothermal heating project that will cover the property’s post renovation annual heating needs of 2,686 MWh, as well as provide cooling energy. For this purpose, a field of up to 67 ground source heat wells will be drilled. LeaseGreen is responsible for the design and implementation of the geothermal heating system, and Heatly acts as a financing partner offering comprehensive life-cycle financing. In addition to the geothermal heating project, the hotel’s ventilation and building automation will be renovated. At the same time, the hotel’s lighting and room windows will be replaced, and the rooms will be equipped with individual cooling.

“We want to bring the hotel into this age both in terms of building technology and functionality, while preserving its original spirit. After the renovation, the property’s annual heating energy consumption need will decrease by 1,500 MWh. Combined with the geothermal heating project, this will raise the property’s energy class from E to B,” says Elias Salla, Asset Manager at CapMan Real Estate responsible for the project.

“Scandic Laajavuori serves a wide range of customers, from family travellers during weekends and holiday seasons to conference and event guests and business travellers. Residents of the surrounding area also make extensive use of the spa and restaurant services. We believe that our guests will appreciate even more the hotel’s resort spirit, its diverse services including spas and bowling alleys, and its nature-friendly location close to many outdoor activities,” says Janne Pälvimäki, Hotel Manager of Scandic Laajavuori.

The hotel is undergoing additional renovations as well; all rooms and public spaces will be updated, and the number of rooms will be increased from 196 to 198. The room design is being handled by the architectural firm Doos, and the design of other spaces by Design Agency Fyra.

CapMan Real Estate invested in the hotel property in 2008, and in 2018 the hotel transitioned to being operated by Scandic. The property is part of the CapMan Hotels II fund portfolio.

Image above: Scandic Hotels

For more information, please contact:

Elias Salla, Asset Manager, CapMan Real Estate, +358 44 301 0098

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €6.1 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C target and our commitment to net zero greenhouse gas emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001.www.capman.com

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Sixth Street and Copley Point Announce Acquisition of Three UK Industrial Assets

Sixth Street

London, March 5, 2025 – Sixth Street, a leading global investment firm, and Copley Point Capital Limited (“Copley Point”), an owner and operator of UK industrial property, today announced that their previously announced joint venture has acquired a portfolio of three logistics assets from National Farmers Union Mutual Insurance Society totalling 0.9 million square feet located in prime logistics hubs. Two of the assets totalling 0.5 million square feet are leased to Fowler Welch and Great Bear, and are located within Magna Park, Lutterworth, one of the UK’s premier distribution parks located in the Golden Triangle. The third asset is leased to Amazon and located in Doncaster.

The acquisition brings the joint venture’s portfolio to six assets across 2.5 million square feet – each acquired since its formation in November 2024 – and continues its strategy focused on acquiring high-quality, mission-critical industrial real estate in strong logistics markets across the UK.

Guillaume Savoie-Coulonval, Managing Director at Copley Point, commented, “We are delighted to expand our partnership with Sixth Street and add to our high-quality portfolio. These three distribution warehouses exemplify the type of investments we are targeting across the UK. We remain acquisitive and continue to offer a reliable solution to sellers in the current market environment.”

BSBRE advised the seller on the transaction.

About Sixth Street

Sixth Street is a global investment firm with over $100 billion in assets under management and committed capital.* The firm uses its long-term flexible capital, data-enabled capabilities, and One Team culture to develop themes and offer solutions to companies across all stages of growth. Founded in 2009, Sixth Street has more than 650 team members including over 280 investment professionals around the world.1 For more information, visit www.sixthstreet.com or follow Sixth Street on LinkedIn.

About Copley Point

 

Founded in 2019, Copley Point is a specialised principal investor and asset manager of UK real estate and related real assets. It manages more than £700 million of assets through a series of joint ventures and platforms where it is invested alongside institutional investors. The firm’s UK industrial property platform, Block Industrial, is specialised in mid and large box deals. Since the inception of the platform in 2020 it has also partnered with Brookfield. Copley Point is also a significant investor in the energy transition of UK property through its large shareholding in heat electrification specialist, Rendesco. More information is available at www.copleypoint.com.

Media Contacts
Copley Point: media@copleypoint.com
Sixth Street: sixthstreetmedia@sixthstreet.com

1Total Sixth Street employees as of 09/30/2024

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Thoma Bravo Makes Strategic Growth Investment in PCMI

Thomabravo

MIAMI and CHICAGO—Thoma Bravo, a leading software investment firm, today announced a strategic growth investment in PCMI (“PCMI” or “the Company”), a leading provider of administration software for finance & insurance (“F&I”) products in the automotive and consumer end markets. As part of the transaction, existing shareholders – including PCMI management, its employees and Equality Asset Management (“EAM”), a growth-focused private equity firm – will retain minority positions in the Company.

PCMI is a global leader in integrated administration solutions, enabling third-party administrators, dealers, OEMs and lenders to streamline end-to-end policy, claim and refund payment processes. Its flagship platform, PCRS, has processed over 89 million contracts and 39 million claims, offering 140+ integrations to enhance efficiency, reduce costs and keep customers competitive. Since 2012, PCMI has grown from a small startup to an industry powerhouse with 200+ experts across North America, Europe and Asia.

“Over the past 13 years, we have built PCMI into a leading provider of software solutions by prioritizing product excellence, deep customer understanding and a culture of innovation,” said Mark Nagelvoort, Founder and CEO of PCMI. “We are excited to partner with Thoma Bravo, whose proven expertise in scaling technology companies will help us enhance our platform, accelerate global growth and continue delivering exceptional value to our customers.”

“Thoma Bravo’s investment is a testament to the foundation and team we have built,” said Clyde Owen, President of PCMI. “This is a significant milestone for PCMI, and we look forward to working with Thoma Bravo to drive further expansion at scale.”

“PCMI has cemented itself as a clear leader in the administration software market,” said Adam Solomon, a Partner at Thoma Bravo. “We see tremendous opportunity to capture more of this large and growing market and to drive continued expansion and innovation of PCMI’s cutting-edge solutions.”

“We have been following PCMI for years with great admiration for Mark and the entire team,” said Chandler Gay, a Vice President at Thoma Bravo. “We are excited to apply our operational and software experience to support PCMI in this new chapter of growth.”

William Blair acted as financial advisor and Goodwin Procter acted as legal counsel to PCMI and EAM. TD Cowen acted as financial advisor and Kirkland & Ellis LLP acted as legal counsel to Thoma Bravo.

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 andstrategic 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.

About PCMI
PCMI is a global leader in cloud-based administration software for the automotive and consumer product markets. Its innovative technology solutions enable third-party administrators, dealers, OEMs, and lenders to streamline end-to-end extended warranty, service contract, and refund payment processes. Since 2012, PCMI has grown into an industry powerhouse with over 200 experts across North America, Europe, and Asia. Committed to innovation and exceptional service, PCMI delivers cutting-edge solutions that drive efficiency, reduce costs, and help clients stay ahead in an evolving market. For more information, visit PCMI’s website at www.pcmicorp.com.

About Equality Asset Management
EAM (Equality Asset Management) is a growth-focused private equity firm. EAM provides equity capital and strategic and operating support to market leading software and tech-enabled services companies. With decades of investment and operating experience, the firm has earned a reputation for value-creation, serving as steadfast partners to Founders and CEOs. For more information, please visit http://www.equalityam.com.

Read the release on PR Newswire here.

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Repurchases of shares by EQT AB during week 11, 2025

EQT AB Group

Between 12 March 2025 and 14 March 2025 EQT AB (LEI code 213800U7P9GOIRKCTB34) (“EQT”) has repurchased in total 345,000 own ordinary shares (ISIN: SE0012853455).

The repurchases form part of the repurchase program of a maximum of 4,931,018 own ordinary shares for a total maximum amount of SEK 2,500,000,000 that EQT announced on 11 March 2025. The repurchase program, which runs between 12 March 2025 and 16 May 2025, is being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) No 2016/1052.

EQT ordinary shares have been repurchased as follows:

Date: Aggregated volume (number of shares): Weighted average share price per day (SEK): Aggregated transaction value (SEK):
12 March 2025 115,000 307.2624 35,335,176.00
13 March 2025 115,000 308.4788 35,475,062.00
14 March 2025 115,000 310.7410 35,735,215.00
Total accumulated over week 11 345,000 308.8274 106,545,453.00
Total accumulated during the repurchase program 345,000 308.8274 106,545,453.00

All acquisitions have been carried out on Nasdaq Stockholm by Skandinaviska Enskilda Banken AB on behalf of EQT.

Following the above acquisitions and as of 14 March 2025, the number of shares in EQT, including EQT’s holding of own shares is set out in the table below.

Ordinary shares Class C shares1 Total
Number of issued shares2 1,241,510,911 496,056 1,242,006,967
Number of shares owned by EQT AB3 60,269,191 – 60,269,191
Number of outstanding shares 1,181,241,720 496,056 1,181,737,776

1) Carry one tenth (1/10) of a vote

2) Total number of shares in EQT AB, i.e. including the number of shares owned by EQT AB

3) EQT AB shares owned by EQT AB are not entitled to dividends or carry votes at shareholders’ meetings

A full breakdown of the transactions is attached to this announcement.

Contact

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

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About EQT
EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of almost three decades of developing companies across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has EUR ‌​​269 billion in total assets under management (EUR ‌​​‌136 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in more than 25 countries across Europe, Asia and the Americas and has more than 1,900 employees.

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

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Audax Private Equity Invests in Lanter Delivery Systems

Audax Group

BOSTON & SAN FRANCISCO – Audax Private Equity (“Audax”), a capital partner to middle market companies, announced today that it has acquired a majority stake in Lanter Delivery Systems (“Lanter”) from Equity Group Investments (“EGI”), the private investment firm founded by Sam Zell. Terms of the deal were not disclosed.

Based outside St. Louis, MO, Lanter provides overnight, unattended delivery of Original Equipment Manufacturer (OEM) parts to automotive, agriculture, and heavy truck dealerships, and to other businesses with distributed facility footprints. The company operates approximately 120 hubs and forward cross-docks across 48 states and currently makes over 13,000 stops a night.

“Steve Lanter and his leadership team have built a distinguished, national network for mission-critical parts and have established a reputation for providing industry-leading reliability and innovative solutions to complex logistical challenges,” said David Wong, Partner at Audax Private Equity. “We believe there’s an opportunity to expand and extend Lanter’s capabilities through investments in the network and in technology.”

“We want to thank EGI, who has been a terrific partner over the previous six years,” noted Steve Lanter, Founder and CEO. “We’re excited to work with and invest alongside Audax on this next phase of growth. The Audax team brings deep experience in transportation and logistics, and brings considerable resources to bear as we continue to invest in our organization and expand into new end markets that can benefit from our specialized services and capabilities.”

Audax invested in Lanter through its Flagship private equity strategy and the investment was completed through the firm’s Business Services specialization. Past investments in transportation and logistics include Alliance Ground International, a leading US-based cargo handling platform, supported by complementary positioning in ground handling and express mail service; Beacon Mobility, a provider of special needs and general education K-12 transportation services; 48Forty Solutions, a provider of end-to-end pallet management solutions; and MNX Global Logistics, an asset-light provider of time-critical logistics and supply chain services.

“Lanter, over the past decade has had a strong track record of driving organic and inorganic growth through thoughtful service line and end market expansion, investments in its business and operations, and acquisitions to expand its geographic reach,” noted Matthew Dewey, Managing Director, Audax Private Equity. “We see a compelling opportunity to try to accelerate this growth through our Buy & Build approach to reinforce and build upon the company’s differentiated value proposition to clients.”

Ropes & Gray provided legal counsel to Audax on the transaction, while Kirkland & Ellis served in the same capacity to the sellers. JPMorgan and Jefferies advised the sellers on the transaction, which closed on February 7th, 2025.

About

ABOUT LANTER DELIVERY SYSTEMS:
Lanter Delivery Systems is a privately held company providing services for the overnight unattended delivery of time-sensitive parts and components for major auto, agriculture, and heavy-duty truck dealerships and industrial supply and equipment distributors. For more information visit lanterdeliverysystems.com.

ABOUT AUDAX PRIVATE EQUITY
Headquartered in Boston, with offices in San Francisco, New York, London and Hong Kong, Audax Private Equity manages three strategies: its Flagship and Origins private equity strategies, seeking control buyouts in the core middle and lower middle markets, respectively, and its Strategic Capital strategy that provides customized equity solutions to PE-backed portfolio companies to help drive continued growth. With approximately $19 billion of assets under management as of September 2024, over 280 employees, and 100-plus investment professionals, Audax has invested in more than 170 platforms and 1,350 add-on acquisitions since its founding in 1999. Through our disciplined Buy & Build approach, across six core industry verticals, Audax seeks to help portfolio companies execute organic and inorganic growth initiatives with the aim of fueling revenue expansion, optimizing operations, and significantly increasing equity value. For more information, visit www.audaxprivateequity.com or follow us on LinkedIn.

ABOUT EQUITY GROUP INVESTMENTS

Equity Group Investments (EGI) is the private investment firm founded by Sam Zell in 1968. Backed by private capital, EGI is flexible and opportunistic with a focus on direct private investment opportunities but has the in-house expertise to invest across the capital structure. As a longer-term investor, EGI actively partners with portfolio company executives to execute strategic planning, implement operational efficiencies, and scale businesses. EGI has grown companies across numerous industries into multi-billion-dollar businesses throughout economic cycles. EGI’s current portfolio includes investments in healthcare, transportation and logistics, infrastructure, energy, consumer, industrial, manufacturing, agri-business, and real estate. For more information, visit www.egizell.com.

“We believe there’s an opportunity to expand and extend Lanter’s capabilities through investments in the network and in technology.”
David Wong
Partner, Audax Private Equity
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Inn-Flow Secures $45 Million Growth Investment from Mainsail Partners

Mainsail partners

 

Inn-Flow has secured $45 million to help accelerate innovation, enhance customer experience, and fuel growth for its all-in-one hotel management and accounting platform

Raleigh, NC – March 14, 2025 – Inn-Flow, a leading provider of modern, all-in-one back-office management and accounting software specifically designed for hotels, today announced a $45 million growth capital investment from Mainsail Partners, a growth equity firm that specializes in partnering with vertical SaaS companies. This investment will help accelerate Inn-Flow’s ongoing product innovation, significantly enhance customer experience, and expand the team to better serve the evolving needs of hotel owners and management companies.

Originally developed in 2009 by hospitality industry veteran John Erhart to address operational challenges within his family’s hotel management business, Inn-Flow officially launched industry-wide in 2014. Since then, it has grown quickly into a comprehensive, cloud-based platform purpose-built to streamline hotel operations, enhance financial management, and optimize labor costs. Inn-Flow’s integrated solutions span accounting and bookkeeping, labor management, payroll, business intelligence, and more—enabling hotel operators to efficiently run and scale their businesses.

“At Inn-Flow, we are committed to providing a robust, user-friendly, all-in-one platform that enables hotel owners and management companies to simplify their operations and grow their business profitably,” said John Erhart, Founder and CEO of Inn-Flow. “Mainsail’s deep experience in scaling vertical SaaS platforms will help us further enhance our software platform to meet the evolving needs of the hospitality industry.”

Throughout 2024, Inn-Flow experienced strong growth and adoption, processing more than 920,000 invoices, managing over $2.7 billion in payables volume, and reconciling nearly 5,000 bank accounts. Additionally, the company supported more than 100,000 labor-management users, tracking nearly 15 million labor hours and overseeing payroll exceeding $200 million. These milestones highlight Inn-Flow’s impact in helping hoteliers streamline operations, reduce errors, and improve their bottom line.

“We love partnering with vertical SaaS founders who were their own first customer,” said Vinay Kashyap, Partner at Mainsail Partners. “John’s firsthand experience with the complexities of hotel management led to the creation of a purpose-built, easy-to-use SaaS platform that we believe is well-positioned to transform back-office hotel operations.”

“The hotel industry is long overdue for modern technology solutions designed specifically to power back-office operations,” added Paul Meyer, Vice President at Mainsail Partners. “We are excited to collaborate with John and the entire Inn-Flow team to help close this gap and help establish Inn-Flow as the go-to partner for hoteliers seeking an integrated solution.”

In addition to this investment, Inn-Flow will proudly roll out several new products over the coming weeks and months— including solutions for facilities management, mobile technology, and advanced business intelligence—helping hoteliers improve profitability, remain cutting-edge, and lead in their markets.

Inn-Flow will showcase its latest innovations at the Hunter Hotel Investment Conference, March 18–20 in Atlanta, and at AAHOCON, April 15–17 in New Orleans.

About Inn-Flow
Headquartered in Raleigh, North Carolina, Inn-Flow provides a comprehensive suite of hotel management tools, including accounting, labor management, business intelligence, bookkeeping, payroll, procurement, and sales. By integrating advanced technology with industry expertise, Inn-Flow empowers hoteliers to streamline operations, reduce costs, and enhance guest satisfaction. For more information, visit inn-flow.com.

 

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