Category Archives: News

Keen Venture Partners launched the European Defence and Security Fund

Keen

Today, Keen Venture Partners announces that it has completed the ‘first close’ of its European defence and security technology fund. The fund has raised more than €150 million and is now the largest defence-tech venture capital fund in Europe. Keen is fully operational and deploying capital into startups and scale-ups, building defence and security technology in European NATO countries.

‍

The Urgent Need for European Strategic Autonomy

‍

NATO Secretary-General Mark Rutte made clear that Europe can no longer wait to strengthen its own defence capabilities. Investing more in European technology is essential for achieving strategic autonomy.

  • The war in Ukraine has demonstrated that scalable, software-driven technologies, including artificial intelligence and autonomous systems, now significantly impact effectiveness on the modern battlefield.
  • European startups are also building these technologies.
  • Yet only one quarter of European defence procurement budgets currently stays within the EU.
  • As a result, innovators lack both capital and access to initial defence customers.

‍

Private and Institutional Investors Stepped Up

‍

The ‘first close’ was made possible by commitments from private individuals and institutional investors who recognise the urgency of strengthening Europe’s defence-tech ecosystem.

  • The European Investment Fund (EIF) and pension fund PME each committed €40 million.
  • Keen is the first European VC fund to receive a commitment from the EIF under its new €175 million Defence Investment Programme.
  • Other investors include TNO, the Netherlands’ largest applied research organization with deep expertise in defence and deep tech, and ABN AMRO, signalling strong support from the broader financial ecosystem.
  • ‍

“With the first close completed, we are firing on all cylinders,” say Alexander Ribbink and Giuseppe Lacerenza, partners at Keen Venture Partners. “We have institutional backing from the EIF and PME, and an advisory board with deep experience in both military operations and defence policy. Europe has the talent, the technology and the ambition. What was missing was capital and access to launching defence customers. That is the gap we are closing.”

‍

“Our message to entrepreneurs is clear: If you are building technology that can make a difference on the modern battlefield or strengthen the resilience and deterrence of Europe, we need to talk. This is about adding entrepreneurs to Europe’s defence-tech ecosystem and building a stronger, more innovative Europe together.”

‍

Capital Ready to Be Deployed

‍

Keen backs companies that develop dual-use technology as well as defence-first companies building critical capabilities directly for defence.

  • Fund Focus Areas: cybersecurity, autonomous systems, deterrence technologies, and space applications.
  • Investment Strategy: Keen aims to invest in more than 25 companies from seed to Series B, with the emphasis on Series A.
  • Investment Size: Investments ranging from €1 to €10 million.
  • Previous Investments: EclecticIQ, Intelic (formerly Avalor AI), and Perciv AI.

Keen expects extensive collaboration and co-investment with other European VC firms over the coming years. To support this next phase of growth, Keen is ramping up the team and hiring additional investment professionals.

‍

‍

Categories: News

Tags:

Pike Corporation to Accelerate Growth through Partnership with TPG, La Caisse and Management

LaCaisse
Partnership will support grid modernization and climate adaptation for U.S. electric utilities

TPG, a leading global alternative asset manager, and global investment group La Caisse (formerly CDPQ), today announced that they have partnered with the management team of Pike Corporation, a leading national provider of turnkey infrastructure engineering and construction solutions for the electrical grid, and signed a definitive agreement to acquire a majority interest in Pike.

TPG will invest in Pike through TPG Rise Climate, the firm’s dedicated climate investing platform, with La Caisse investing alongside TPG for a significant minority interest. J. Eric Pike, third-generation founder and Chairman of Pike, and James R. Wyche, Chief Executive Officer of Pike, also are investing alongside TPG and La Caisse with other existing investors. Following completion of the transaction, the company will continue to be led by Mr. Wyche and the current management team, which combined have over 200 years at Pike. Mr. Pike will continue to serve on the company’s Board of Directors. Terms of the transaction were not disclosed.

“Pike’s legacy as a family-founded company has been defined by safety, integrity and innovative solutions,” said J. Eric Pike, Chairman of Pike. “Our success has been a direct result of the dedication of our team, our long-tenured customers and the support of our investors. I am excited to continue supporting the company with our new partners.”

“TPG’s and La Caisse’s investments mark an exciting new chapter for Pike and provide us with the resources to execute our shared vision for Pike as the leading national provider for energy infrastructure solutions,” said James R. Wyche, CEO of Pike. “I look forward to working with TPG, La Caisse and our other stakeholders to continue helping our customers achieve their goal of providing affordable, reliable energy.”

Founded in 1945, Pike Corporation is among the nation’s leading providers of turn-key infrastructure solutions, including construction and engineering for electric distribution, transmission and substation; renewables and distributed energy resources; and telecommunications services. With approximately 12,000 employees serving over 400 customers, Pike plays a foundational role in building and maintaining critical infrastructure and addressing the demands of aging infrastructure, load growth, and climate-driven stress facing the electric grid.

“As the U.S. power grid faces rising demand, aging infrastructure, and increased exposure to extreme weather, Pike is uniquely positioned to help utilities adapt, modernize, and harden their systems,” said Jonathan Garfinkel, a Managing Partner of TPG Rise Climate. “We see a long-term growth opportunity for grid services providers in the US and we look forward to partnering with the Pike team – well-established leaders in the industry – to advance grid resilience and energy reliability across the country,” added TPG Rise Climate’s Elizabeth Stone Redding.

“Pike helps keep the power on and the grid strong—an essential service for businesses and communities across the United States,” said Martin Longchamps, Executive Vice-President and Head of Private Equity and Private Credit at La Caisse. “As a global investor with significant exposure to the power and energy sector, La Caisse understands the critical role service providers like Pike play in ensuring grid reliability and resilience. Together with TPG, we’re investing in the growth of a proven leader supporting the backbone of the country’s energy network.”

Moelis & Company LLC is serving as financial advisor and Ropes & Gray LLP is acting as financing counsel to TPG in relation to this transaction. Simpson Thacher & Bartlett LLP is providing legal counsel to TPG and A&O Shearman is serving as legal advisor to La Caisse. Morgan Stanley & Co. LLC is serving as Pike’s financial advisor and Kirkland & Ellis LLP is serving as legal counsel.

ABOUT TPG RISE CLIMATE

TPG Rise Climate is the dedicated climate investing platform of TPG, a leading global alternative asset management firm. With dedicated pools of capital across private equity, transition infrastructure, and the Global South, TPG Rise Climate pursues climate-related investments that benefit from the diverse skills of TPG’s investing professionals around the world, the strategic relationships and insights developed across TPG’s broad portfolio of climate companies, and a global network of executives, advisors, and corporate partners. As part of TPG’s $29 billion global impact investing platform, TPG Rise Climate invests broadly across the climate sector, with a focus on building and scaling leading climate solutions across the following thematic areas: clean electrons, clean molecules and materials, and adaptive solutions.

For more information, please visit www.tpg.com/platforms/impact/rise-climate

ABOUT LA CAISSE

At La Caisse, formerly CDPQ, we have invested for 60 years with a dual mandate: generate optimal long term returns for our 48 depositors, who represent over 6 million Quebecers, and contribute to Québec’s economic development.

As a global investment group, we are active in the major financial markets, private equity, infrastructure, real estate and private credit. As at June 30, 2025, La Caisse’s net assets totalled CAD 496 billion. For more information, visit lacaisse.com or consult our LinkedIn or Instagram pages.

La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries.

ABOUT PIKE

Founded in 1945, Pike Corporation is the nation’s leading provider of infrastructure engineering and construction services. Pike’s portfolio of expertise provides end-to-end infrastructure coverage, including electric distribution, transmission and substation; renewables and distributed energy resources; telecommunications; and gas distribution services. In the rapidly evolving and increasingly connected world that we live in, Pike’s ability to plan, design and install infrastructure upgrades within a single enterprise ensures that our customers get the most up-to-date solutions delivered in the most effective way possible. Not only does our approach and field expertise maximize project efficiency, but it also leads to the industry’s highest-quality work. We have maintained long-standing, trusted customer relationships with over 400 investor-owned, municipal and cooperative utilities and infrastructure providers throughout the United States.

– 30 –

For more information

Categories: News

Tags:

Anders Invest has acquired a stake in Straatman

Anders Invest

Anders Invest has acquired a 51% stake in Straatman, a manufacturer of balcony railings and balustrades from Varsseveld. The company has an annual turnover of €20 to €25 million and employs nearly 100 people.

Straatman Building Smart Connections, founded in 1991, specializes in balustrades and stairs for apartment complexes. The Varsseveld-based company designs, manufactures, and installs customized solutions in series that combine safety, innovation, and visual appeal.

By digitizing and automating every step in the process as much as possible, from 3D engineering to production, the company succeeds in realizing tightly managed construction processes with short installation times on site. This expertise makes the company particularly strong in apartment complexes where large quantities and varieties must be built within a short timeframe. Since 2017, turnover has tripled and the company has increased its market share, particularly with large Dutch construction companies.

Anders Invest holds a 51% stake alongside the two existing shareholders. Albert ten Wolde (59), involved with Straatman since 1999, is the driving force behind innovation and product development. Bart Peters (39) joined the company in 2006 as a project engineer and subsequently held various key roles within the company. He excels at optimizing processes and strengthening teams and will take on the role of Managing Director. Together, Albert and Bart combine innovative strength with a sharp focus on scalability and productivity. Anders Invest’s participation will enable the company to continue fulfilling its growth ambitions in the long term.

Categories: News

Tags:

Clearlake Exits its Investment in Concert Golf Partners as Bain Capital Invests to Support Further Growth

BainCapital

Clearlake’s O.P.S.® Framework Enabled Accelerated Growth During its Investment

Santa Monica, CA and Lake Mary, FL – November 17, 2025 – Clearlake Capital Group, L.P. (together with certain of its affiliates, “Clearlake”) announced today that it has completed the exit of its investment in Concert Golf Partners (“Concert Golf” or the “Company”) to Bain Capital. The new investment from Bain Capital’s Private Equity and Real Estate teams will support the Company’s continued growth and long-term strategy. Terms of the transaction were not disclosed.

Concert Golf is a premier owner-operator of private golf and country clubs with 39 locations across the United States. Headquartered in Lake Mary, Florida, the Company delivers an elevated member experience spanning golf, fine dining, fitness, banquets, and events. Since investing in Concert Golf in March 2022, Clearlake leveraged its O.P.S.® framework to drive accelerated growth and transformation, doubling both revenue and profitability.

José E. Feliciano, Co-Founder and Managing Partner, and Arta Tabaee, Partner and Managing Director, at Clearlake, commented, “Our partnership with Concert Golf exemplifies the power of our sector-focused flexible investment strategy combined with our O.P.S.® approach in creating meaningful value. We collaborated closely with management to promote profitable growth, complete 14 strategic acquisitions to expand the portfolio, and transform Concert Golf into a premier full-service lifestyle platform. We are proud of what the team accomplished during our partnership and believe the Company is well-positioned for its next stage of growth.”

Peter Nanula, Chief Executive Officer at Concert Golf, added, “The partnership with Clearlake has been invaluable for Concert Golf. With their support, we have significantly enhanced our capabilities, expanded our portfolio of top clubs, and built a world-class team. Clearlake helped us to invest further in our amenities and focus on enhancing member experiences across the country. I am incredibly proud of what our team has accomplished and grateful for Clearlake’s partnership in our mission to preserve and enhance our portfolio of premier private clubs. As we look ahead, we’re excited to partner with Bain Capital to continue growing our platform and investing in our clubs and members.”

“We have long admired the business that Peter and the Concert Golf team have built and the thoughtful approach they bring to operating and growing private clubs. Concert Golf has earned its reputation through consistent execution, a strong culture, and a clear focus on quality and member experience,” said Jennifer Davis, a Partner at Bain Capital. “The Company is well positioned to further build on that success and continue expanding its portfolio of premier clubs. We look forward to working alongside this high-caliber team to support Concert Golf’s next phase of growth and continued investment in their people, members, and communities,” added Joe Robbins, a Partner at Bain Capital.

Moelis & Company LLC acted as financial advisor and Wachtell, Lipton, Rosen & Katz acted as legal counsel to Concert Golf and Clearlake.  Goldman, Sachs & Co. and Rothschild & Co acted as financial advisors and Kirkland & Ellis LLP acted as legal counsel to Bain Capital.

About Clearlake 
Clearlake Capital Group is a global investment firm managing integrated platforms spanning private equity, liquid and private credit, and other related strategies. Founded in 2006, the firm has more than $90 billion of assets under management and has led or co-led over 500 investments globally. With deep knowledge and operational expertise across the technology, industrials, and consumer sectors, Clearlake seeks to partner with experienced management teams, providing patient, long-term capital and aiming to drive value through its active hands-on operating approach, O.P.S.® (Operations, People, Strategy). Headquartered in Santa Monica, Clearlake maintains a global footprint with offices in Dallas, New York, London, Dublin, Luxembourg, Abu Dhabi, Tokyo, and Singapore.  For more information, please visit clearlake.com or follow us on LinkedIn.

About Concert Golf Partners
Based near Orlando, Concert Golf Partners features a boutique portfolio of upscale private golf and country clubs nationwide, with a focus on preserving the unique culture, identity and traditions at each of our clubs. Concert Golf offers a personalized and curated approach to partnering with top clubs, including former developer-owned clubs and longtime member-owned clubs. Concert Golf takes a long-term investment approach, seeking to deploy capital to upgrade amenities and facilities at private clubs near major metropolitan areas, while maintaining each club’s cherished and distinct culture. The Company collaborates with local management teams at each club to ensure seamless operations and high-quality member experiences to build vibrant club communities. For more information about Concert Golf Partners, visit concertgolfpartners.com.

About Bain Capital  
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 1,850 employees, and over $200 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

Categories: News

Tags:

PayPal and KKR Renew Agreement for European Pay Later Receivables

KKR
New agreement enables KKR to purchase up to 65 billion people eligible current and future PayPal buy now, pay later loans originated in Europe through March 2028SAN JOSE, Calif. and NEW YORK, November 17, 2025 — PayPal Holdings, Inc. (NASDAQ: PYPL) and KKR, a leading global investment firm, today announced the signing of a new agreement for an up to €6 billion replenishing loan commitment under which credit funds and accounts managed by KKR will purchase up to €65 billion of buy now, pay later (BNPL) loan receivables originated by PayPal in France, Germany, Italy, Spain, and the United Kingdom.

This new agreement builds on the successful strategic partnership announced in June 2023, under which KKR’s credit funds and accounts have been purchasing a majority of PayPal’s European BNPL receivables. PayPal will continue to remain responsible for all customer-facing activities, including underwriting and servicing, associated with its European BNPL products.

“Our continued partnership with KKR reflects the ongoing success of our European buy now, pay later business and our disciplined approach to balance sheet management,” said Jamie Miller, Chief Financial and Operating Officer at PayPal. “The enhanced terms of this new agreement will support the ongoing growth of our BNPL portfolio in Europe. It demonstrates our commitment to a balance-sheet light model for credit that helps preserve flexibility for strategic investments and capital return.”

“We are pleased to continue supporting PayPal, which has built a strong and high-quality BNPL platform in Europe, as it continues to grow in this important market,” said Vaibhav Piplapure, Managing Director at KKR. “This expanded commitment underscores the scale and versatility of KKR’s global Asset-Based Finance (ABF) platform.”

KKR Capital Markets arranged the debt for the transaction.

This agreement is already contemplated in PayPal’s fourth quarter and full year 2025 guidance for GAAP and non-GAAP earnings per share, and non-GAAP transaction margin dollars announced on October 28, 2025.

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.

KKR Media Contact
Lauren McCranie
media@kkr.com

About PayPal
PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://paypal.com, https://about.pypl.com, and  https://investor.pypl.com/.

PayPal Investor Relations Contact
investorrelations@paypal.com

PayPal Media Relations Contact
mediarelations@paypal.com

Forward Looking Statements About PayPal
This announcement contains “forward-looking” statements within the meaning of applicable securities laws. Forward-looking statements and information relate to future events and future performance and reflect, among other things PayPal’s expectations regarding the anticipated benefits of this transaction. Forward looking statements may be identified by words such as “may,” “will,” “would,” “should,” “could,” “expect,” “anticipate,” “believe,” “estimate,” “intend,” “continue,” “strategy,” “future,” “opportunity,” “plan,” “project,” “forecast,” and other similar expressions. Forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from the statements made, and, accordingly, readers should not place undue reliance on forward-looking statements and information. Factors that could cause or contribute to such differences include, but are not limited to, the failure to satisfy the conditions to the acquisition of future originations and the future growth of PayPal’s European and UK BNPL product.

More information about these and other factors that could adversely affect PayPal’s results of operations, financial condition and prospects or that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in PayPal Holdings, Inc.’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings with the Securities and Exchange Commission (the “SEC”), and its future filings with the SEC. The forward-looking statements contained in this announcement speak only as of the date hereof.  PayPal expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations with regard thereto or any change in events, conditions, or circumstances on which any such statement is based.

 

Download PDF

Categories: News

Tags:

KKR Provides $750 Million Bespoke Financing Solution to Chandra Asri Group

KKR

Financing will support the acquisition of ExxonMobil’s Esso retail fuel station network in Singapore

SINGAPORE–(BUSINESS WIRE)– KKR, a leading global investment firm, and Chandra Asri Group (or the “Group”), a leading provider of energy, chemical, and infrastructure solutions in Southeast Asia, today announced a $750-million bespoke financing solution arranged by KKR Capital Markets and anchored by KKR’s private credit and insurance platforms to Chandra Asri Group. The investment will support the Group’s growth strategy and its acquisition of Esso-branded retail fuel station network from ExxonMobil in Singapore.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251116458363/en/

Established in 1992, Chandra Asri Group is a leading provider of critical energy, chemical, and infrastructure solutions to companies across Southeast Asia. The Group serves diverse industries, including manufacturing, the trading of chemicals, petrochemicals, and synthetic rubber, as well as the management of infrastructure assets. In 2024, the Group embarked on a strategic transformation to build a connected energy infrastructure ecosystem and provide fundamental support to strategic sectors across the region. The Group’s acquisition of ExxonMobil’s Esso-branded retail fuel station network in Singapore is a key part of this strategy.

KKR’s Asia Pacific Credit platform seeks to provide, among other private credit strategies, bespoke solutions to high-quality companies, entrepreneurs, promoters and sponsors that harness the strength of KKR’s private markets investment capabilities and its expertise as one of the largest alternative credit managers globally.

Andre Khor, Chief Financial Officer of Chandra Asri Group, said, “We are pleased to strategically partner with KKR in supporting our acquisition of ExxonMobil’s Esso-branded retail network in Singapore. Our collaboration with a leading global investment firm reinforces strong confidence in Chandra Asri’s transformation journey and the quality of our expanding downstream energy platform. This strategic partnership enables us to pursue our growth objectives with prudent financial discipline, while continuing to deliver reliable and sustainable energy solutions across the region.”

SJ Lim, Managing Director and Head of Asia Private Credit at KKR, added, “We are proud to support Chandra Asri Group on this important milestone. This transaction aligns with our focus on providing tailored capital solutions to leading companies across Asia Pacific, and we look forward to supporting Chandra Asri’s continued growth as it strengthens its downstream energy and retail presence in Singapore.”

KKR is making its investment from its Asia Pacific Credit strategy and insurance platform. Since 2019, KKR has committed more than $8 billion across around 60 credit investments under its Asia Pacific Credit strategy, accounting for a total transaction volume of more than $21 billion.

****

About Chandra Asri Group

Chandra Asri Group is a leading provider of energy, chemical, and infrastructure solutions in Southeast Asia, supplying products and services to various manufacturing industries in both domestic and international markets. Since the Group’s establishment in 1992, Chandra Asri has grown from strength to build our reputation as a reliable growth partner, with strategically well positioned assets in Indonesia and Singapore. The Group’s asset base includes a refinery with a capacity of 237,000 barrels per day alongside a 1.1 million metric ton per annum ethylene cracker on Bukom Island, 2.5 million metric ton per annum downstream chemicals on Jurong Island and Indonesia’s one and only naphtha cracker located in Cilegon with a capacity of 0.9 million metric ton per annum. The Company’s business is supported by core infrastructure assets, including energy, water, ports & storage, and logistics. For more information, visit www.chandra-asri.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.

For more information, please contact:

Chandra Asri

Chrysanthi Tarigan
Head of Corporate Communications
Telp: 021-530 7950
Email: corporate.comm@capcx.com

KKR

Wei Jun Ong
+65 6922 5813
WeiJun.Ong@kkr.com

Source: KKR

 

Download PDF

Categories: News

Tags:

Carlyle Acquires Tarrytown Expocare Pharmacy from Sheridan Capital Partners

Carlyle

Austin, Texas – November 14, 2025 – Tarrytown Expocare Pharmacy (“Tarrytown” or “The Company”) announced today that funds managed by global investment firm Carlyle (NASDAQ: CG) have completed the acquisition of the Company from Sheridan Capital Partners (“Sheridan”). Sheridan will retain a minority ownership position. Financial terms of the transaction were not disclosed.

Tarrytown is a closed-door, long-term care pharmacy focused exclusively on serving the intellectual and developmental disability (“IDD”) and behavioral health communities. The Company works closely with nurses and direct support professionals to provide expert pharmacy services, ongoing training, and essential resources. Since inception, Tarrytown has strategically focused on delivering cost-effective solutions, ensuring medication accuracy, and driving higher medical adherence rates through its innovative pharmacy services.

“Tarrytown’s mission is to deliver exceptional pharmacy services for IDD providers,” said Mark Lashley, CEO of Tarrytown. “We are proud of the remarkable progress that we achieved with Sheridan, as their commitment to our patient-first philosophy has significantly strengthened our business. We are excited to partner with Carlyle who shares our passion and drive to continue rapidly scaling our footprint and impact for the IDD community.”

Joe Bress, Partner and Global Co-Head of Healthcare at Carlyle, added, “We believe Tarrytown’s specialized IDD pharmacy model provides exceptional support to caregivers in improving their quality of care for IDD patients. We look forward to backing the Tarrytown team as it invests in enhancing and expanding the Company’s high-touch offering to continue serving IDD patients.” Rishi Modi, a Principal focused on healthcare investing at Carlyle, added, “Tarrytown has built a highly differentiated and trusted position in the IDD pharmacy market over the course of its history. We believe there is significant opportunity to further broaden the Company’s reach and impact across the IDD community nationwide, and we are excited to partner with Mark and the entire leadership team in this next chapter of growth.”

“Since the beginning of our partnership in 2020, our collaboration with the team at Tarrytown has been outstanding,” said Sean Dempsey, Partner at Sheridan. “Together, we established a robust sales team, marketing playbook, and completed several add-on acquisitions. We capitalized on key growth opportunities and strengthened Tarrytown’s operations, which resulted in nearly quadrupling the size of the business.”

McDermott Will & Schulte and Goodwin Procter served as legal counsel and Houlihan Lokey served as financial advisor to Tarrytown and Sheridan. Debevoise & Plimpton and Bass, Berry & Sims served as legal counsel and Wells Fargo served as financial advisor to Carlyle.

About Tarrytown Expocare Pharmacy

Tarrytown Expocare Pharmacy is a long-term care pharmacy dedicated 100% to serving the intellectual and developmental disabilities (“IDD”) and behavioral health communities. Beginning with services in 2007 to 150 individuals in the Tarrytown section of Austin, Texas, Tarrytown has grown to provide services in 36 states from 12 regional pharmacies. For the past 18 years, Tarrytown has developed proprietary, scalable, and replicable IDD pharmacy processes and solutions that simplify pharmacy services for nurses and staff so that they can focus on supporting the individuals in their care.

About Carlyle 

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $474 billion of assets under management as of September 30, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,400 people in 27 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

About Sheridan Capital Partners

Sheridan Capital Partners is a private equity firm focused exclusively on partnering with businesses across the healthcare landscape, including outsourced services, products and manufacturing, providers, and software and technology. Sheridan’s engaged operational approach brings strategic resources and deep industry expertise with the purpose of accelerating growth, building enduring value, and generating strong results. For more information, visit www.sheridancp.com.

 

Media Contacts

Tarrytown Expocare Pharmacy

Jess Jacobs

Jess.Jacobs@TarrytownExpocare.com

+1 (855) 617-7312

 

Carlyle

Isabelle Jeffrey

+1 (212) 332-6394

Isabelle.Jeffrey@carlyle.com

 

Sheridan Capital Partners

Trevor Blaisdell

TBlaisdell@StantonPRM.com

+1 (646) 502-3532

Categories: News

Tags:

Apollo to Host Retirement Services Business Update on November 24, 2025

Apollo logo

NEW YORK, Nov. 14, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE:APO) today announced that it will host a Retirement Services Business Update for the investment community, which will provide information and business insights relating to Athene Holding Ltd. (“Athene”). The event will take place Monday, November 24, 2025, and will include a presentation by members of the Apollo and Athene senior management teams. The event will begin at 1:00pm ET, followed by a Q&A session.

A live webcast of the event will be accessible to the general public and media via Apollo’s Investor Relations website at ir.apollo.com. A replay will be available on the website following the conclusion of the event.

For questions regarding the Retirement Services Business Update, please contact Apollo Investor Relations at IR@apollo.com.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade 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

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

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

Source: Apollo Global Management, Inc.

Categories: News

Tags:

AURELIUS to acquire Louwman Group’s care business

Aurelius Capital
  • Agreement to acquire Louwman Group’s care business signed today
  • The care business provides mobility-related aids and assistive devices as well as services across five business units in the Netherlands
  • It generated €149.1m in revenue in FY2024 and today employs 715 people

Amsterdam/Luxembourg, November 13, 2025 – AURELIUS Private Equity Mid‑Market Buyout has today signed an agreement to acquire the Care Division of family‑owned Dutch company Louwman Group.

Comprising five units, the business provides mobility aids, home adaptations and vehicle modifications for people with mobility challenges. It serves municipalities, care offices and institutions, as well as private individuals, through tender‑based, multi‑year contracts and leasing models across the Netherlands.

AURELIUS is buying a resilient platform with a strong nationwide footprint and solid operational foundations, with clear opportunities to build on these strengths by further enhancing procurement capabilities and optimising the operating model. Working with management, AURELIUS’ operations team WaterRise plans to build out the range of services that the Care Division offers to its customers and improve service delivery, while supporting a smooth carve‑out and transition with particular attention to business continuity and IT separation readiness.

Fabian Steger, Managing Director AURELIUS Funds IV and V, says: “This transaction marks our fourth deal in short order, demonstrating AURELIUS’ global scale: over the course of this year, we have executed transactions through our teams in New York, London, Milan, Munich and Amsterdam. Louwman Group’s care business is a high‑quality platform serving a critical need, which we plan to help turn into a strong standalone organisation that helps people live more independently.”

Gilles van Kooten, Managing Director Benelux at AURELIUS Investment Advisory, says: “We are proud to lead this transaction from AURELIUS’ Amsterdam office. Louwman Group’s Care business serves a vital need across the Netherlands, and we see strong potential to support management in driving efficiencies and elevating operational performance, while continuing to deliver high-quality service. We are ready to support the business to deliver this service as well as sustainable, profitable growth.”

The transaction is subject to advice by relevant works councils, as well as customary regulatory approvals and other closing conditions. It is expected to close by the end of this year or early next year.

AURELIUS was advised by Livingstone (M&A), Van Doorne (Legal), and EY (Financial and Tax).

About AURELIUS

AURELIUS is a global private equity investor, distinguished and widely recognised for its operational approach. It focuses on private markets, in particular Private Equity and Private Debt. Its key investment platforms include AURELIUS Opportunities V, AURELIUS European Opportunities IV, AUR Portfolio III and AURELIUS Growth Investments (Wachstumskapital). AURELIUS has been growing significantly in recent years, especially expanding its global footprint, and today employs more than 400 professionals in 9 offices spanning Europe and North America.

AURELIUS is a renowned specialist for complex investments with operational improvement potential such as carve-outs, platform build-ups or succession solutions as well as bespoke financing solutions. To date, AURELIUS has completed more than 300 transactions, and has built a strong track record of delivering attractive returns to its investors. Its approach is characterised by its uncompromising focus on operational excellence and an unrivalled ability to efficiently execute highly complex transactions.

More info: www.aurelius-group.com

AURELIUS media contact:

Harald Kinzler
Head of Communications
harald.kinzler@aurelius-group.com
+44 7785 722 191

Categories: News

Tags:

Apollo and Virgin Atlantic Complete $745m Asset-Backed Financing Solution

Apollo logo

LONDON and NEW YORK, Nov. 13, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) and Virgin Atlantic Airways today announced that Apollo-managed funds and affiliates have completed a $745 million senior secured financing of Virgin Atlantic’s portfolio of take-off and landing slots at London Heathrow, one of the world’s busiest airports.

The proceeds from the financing will further strengthen Virgin Atlantic’s balance sheet and fund the airline’s continued investment in its award-winning premium customer experience. This includes the complete refurbishment of its Boeing 787-9 fleet, introducing upgraded interiors and expanded Upper-Class and Premium cabins from 2028. From the third quarter of 2026, ten new Airbus A330neo aircraft will also join the fleet, featuring expanded premium cabins and six luxurious Retreat Suites. In addition, the financing supports Virgin Atlantic’s commitment to service and product innovation, enabling the rollout of free, streaming quality Wi-Fi powered by Starlink across the entire fleet.

“We are pleased to partner with Virgin Atlantic on this transaction, which demonstrates our ability to provide bespoke, scaled financing solutions to leading businesses,” commented Apollo Partner Ben Eppley.

“This creative, asset-backed structure unlocks important capital investment for Virgin Atlantic, a strong, established brand that we believe is well-positioned for continued success with its differentiated offering in aviation,” said Apollo Partner Samuele Cappelletti.

Shai Weiss, CEO, Virgin Atlantic said, “Today’s agreement marks an important milestone as we continue to strengthen our balance sheet and deliver on our vision to become the most loved travel company. We’re delighted to partner with Apollo on this transaction, and for their confidence in Virgin Atlantic, as we invest in delivering the best experience in the skies for our guests. From flying the youngest fleet across the Atlantic as the first UK airline to have free, streaming quality Wi-Fi, to introducing larger premium cabins and a full retrofit of our 787 fleet. The best is yet to come.”

Gibson Dunn acted as legal counsel to the Apollo-managed funds and affiliates, while Apollo Capital Solutions Europe B.V. provided arrangement services. Redding Ridge Asset Management provided rating advisory solutions in support of the transaction. Citigroup acted as placement agent, as well as transaction and rating advisor, and Herbert Smith Freehills Kramer acted as legal advisors, respectively, to Virgin Atlantic.

Virgin Atlantic was founded by entrepreneur Sir Richard Branson in 1984, with innovation and amazing customer service at its core. Virgin Group retains a 51% share, with Delta Air Lines retaining a 49% share.

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.

About Virgin Atlantic    

Virgin Atlantic has been voted Britain’s only Global Five Star Airline by APEX for the ninth year running in the Official Airline Ratings. Headquartered in London, it employs 9,250 people worldwide, flying customers to 28 destinations throughout the year.

Alongside shareholder and Joint Venture partner Delta Air Lines, Virgin Atlantic operates a leading transatlantic network, with onward connections to over 200 cities around the world. In February 2020, Air France-KLM, Delta Air Lines and Virgin Atlantic launched an expanded Joint Venture, offering a comprehensive route network, convenient flight schedules, competitive fares and reciprocal frequent flyer benefits, including the ability to earn and redeem miles across all carriers.  Virgin Atlantic joined SkyTeam in March 2023 as the global airline alliance’s first and only UK member airline, enhancing the alliance’s transatlantic network and services to and from Heathrow and Manchester Airport.

Virgin Atlantic has been pioneering sustainability leadership for more than 15 years, committing to Net Zero by 2050 and continuous action that reduces environmental impact.  The airline operates one of the youngest and most fuel-efficient fleets in the skies, with an average age under seven years.

In October 2022, Virgin Atlantic welcomed its first A330-900’s to the fleet, continuing its transformation towards 100% next generation aircraft by 2028.  In November 2023, the airline led a consortium to deliver the world’s first flight across the Atlantic on 100% Sustainable Aviation Fuel (SAF), demonstrating that 100% SAF can be used safely as a drop in fuel in existing infrastructure, engines and airframes. The need to scale production is an industry imperative and Virgin Atlantic is committed to radical collaboration across the energy chain to support commercialisation ahead of 2030.

For more information visit www.virginatlantic.com or via Facebook, Twitter and Instagram @virginatlantic.

Contacts

Noah Gunn
Global Head of Investor Relations
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
(212) 822-0491
Communications@apollo.com / EuropeanMedia@apollo.com

Categories: News

Tags: