Category Archives: News

EQT Life Sciences to exit Vivasure Medical via sale to Haemonetics

EQT Life Science

EQT Life Sciences

  • EQT Life Sciences to exit portfolio company Vivasure Medical in sale to Haemonetics
  • Vivasure’s PerQseal® Elite system uses a special bioabsorbable patch to seal large access sites in arteries or veins from the inside
  • EQT supported Vivasure from its Series C investment in 2016 through clinical development and toward market approval

EQT Life Sciences is pleased to announce that the LSP Health Economics Fund has exited Vivasure Medical Limited (“Vivasure” or the “Company”), a Galway, Ireland-based company pioneering next-generation technology for percutaneous vessel closure, through a sale to Haemonetics Corporation (NYSE: HAE), a global medical technology company focused on delivering innovative solutions designed to improve patient outcomes.

Vivasure’s PerQseal® Elite system uses a special bioabsorbable patch to seal large access sites in arteries or veins from the inside, offering a sutureless, fully absorbable solution for structural heart and endovascular procedures. In 2025, Vivasure submitted a Premarket Approval application to the U.S. FDA for the PerQseal Elite system and received CE Mark approval in Europe for both arterial and venous use.

EQT Life Sciences (formerly LSP) first invested in Vivasure in 2016 from the LSP Health Economics Fund, leading the Company’s Series C funding round. From 2016 to 2025, EQT was represented on the Company’s board by Partner Anne Portwich, providing active strategic support as Vivasure advanced its products through clinical studies and towards market approval.

The acquisition includes an upfront cash payment of EUR 100 million, and up to an additional EUR 85 million in contingent consideration based on sales growth and the achievement of certain other milestones. The LSP Health Economics Fund is entitled to a portion of this amount, corresponding to its minority shareholding in the Company.

Anne Portwich, Partner at EQT Life Sciences and former board member at Vivasure, said: “It has been a great honour to serve on the board of Vivasure. Supporting companies with products that make better treatments available to patients and improve the quality of care lies at the core of our health economics strategy. This also further underscores the importance of venture capital in bringing innovation to patients.”

Andrew Glass, Chief Executive Officer of Vivasure Medical Limited, said: “We’re extremely proud of the progress made in advancing closure technology, and grateful to the clinicians, employees, board members, investors and government bodies who supported Vivasure’s mission. Joining Haemonetics provides the global scale and resources to accelerate the availability of PerQseal Elite and bring its clinical benefits to more physicians and patients worldwide.”

Ken Crowley, Vice President & General Manager, Interventional Technologies at Haemonetics, concluded: “Acquiring Vivasure expands Haemonetics’ complete range of closure devices with new and clinically differentiated technology to bolster our presence in the large-bore closure market and our impact in fast-growing structural heart and endovascular procedures. With strong clinical performance and safety data, PerQseal Elite positions us for increased leadership in advanced closure, as we leverage our commercial scale and operational synergies to deliver increased value to physicians and hospitals.”

Contact
EQT Press Office, press@eqtpartners.com

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About EQT Life Sciences
EQT Life Sciences was formed in 2022 following an integration of LSP, a leading European life sciences and healthcare venture capital firm, into the EQT platform. As LSP, the firm raised over EUR 3.0 billion (USD 3.5 billion) and supported the growth of more than 150 companies since it started to invest over 30 years ago. With a dedicated team of highly experienced investment professionals, coming from backgrounds in medicine, science, business, and finance, EQT Life Sciences aims to back the smartest inventors who have ideas that could truly make a difference for patients

More info: www.eqtgroup.com/private-capital/eqt-life-sciences

About Vivasure Medical Limited
Based in Galway, Ireland, Vivasure is focused on the development of advanced polymer implants and delivery systems, primarily focused on minimally invasive vessel closure in cardiology, interventional radiology and vascular surgery. Vivasure operates a fully integrated R&D and ISO 13485 certified manufacturing facility. PerQseal and PerQseal Elite are not available for sale in the United States.

For more information, please visit www.vivasuremedical.com

About Haemonetics
Haemonetics is a global medical technology company dedicated to improving the quality, effectiveness and efficiency of health care. Our innovative solutions addressing critical medical needs include a suite of hospital technologies designed to advance standards of care and help enhance outcomes for patients; end-to-end plasma collection technologies to optimize operations for plasma centers; and products to enable blood centers to collect in-demand blood components.

To learn more about Haemonetics, visit www.haemonetics.com

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EQT Real Estate acquires a portfolio of four high-quality logistics assets in Northern Italy

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EQT Real Estate acquires a portfolio of four high-quality logistics assets in Northern Italy

  • EQT Real Estate has acquired a logistics portfolio totalling approximately 107,000 square metres, located in key Italian markets including Milan, Bologna and Verona
  • Assets offer long-term income with significant value creation opportunities, supported by Grade A technical specifications and strong sustainability credentials
  • Transaction strengthens EQT Real Estate’s exposure to the Italian logistics market, one of Europe’s most attractive and supply-constrained markets

EQT is pleased to announce that the EQT Exeter Europe Logistics Core-Plus Fund II (“EQT Real Estate”), has acquired a high-quality logistics portfolio comprising four assets (the “Properties”) located in the key Northern Italian submarkets of Milan, Bologna and Verona. The assets will be acquired by Kryalos SGR S.p.A on behalf of EQT Real Estate.

The Properties, totalling approximately 107,712 sqm and which are fully let to a strong, diversified tenant base, comprise modern, institutional-quality logistics assets. The portfolio benefits from excellent connectivity to core distribution locations via key motorways, including the A1, A4 and A22, providing access to major population centres and a catchment area of more than 20 million inhabitants. 

The transaction further enhances EQT Real Estate’s exposure to the Italian logistics market, which continues to benefit from attractive structural trends and favorable supply-demand dynamics shaping market conditions. The acquisition reflects EQT Real Estate’s confidence in the Italian logistics sector’s long-term prospects and its ability to generate long-term value through active asset management and sustainability-led initiatives.

Greg Vinson, Partner at EQT Real Estate, said: “The transaction fits perfectly within our Core Plus strategy’s objective to acquire highly reversionary, modern logistics assets that offer long-term lease stability, stable income and significant value creation opportunities. As the Italian logistics market remains resilient, driven by demand for Grade A and sustainability-compliant warehouses, we are thrilled to be expanding our exposure and further drive value in the Properties that are well-connected to some of Italy’s fastest-growing cities”.

EQT Real Estate was advised by Legance (tax and legal), Howden (insurance), Arcadis (technical).

Contact
EQT Press Office, press@eqtpartners.com

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About EQT Real Estate
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, divided into two business segments: Private Capital and Real Assets. EQT supports its global portfolio companies and assets in achieving sustainable growth, operational excellence, and market leadership. Within EQT’s Real Assets segment, EQT Real Estate acquires, develops, leases, and manages logistics and residential properties in the Americas, Europe, and Asia. EQT Real Estate manages about $58 billion in GAV, owns and operates over 2,000 properties and 400 million square feet, with over 400 experienced professionals across 50 locations globally.

More info: www.eqtgroup.com
Follow EQT Real Estate on LinkedIn

About Kryalos
With €13.8 billion of AuM and a team of 125 professionals, Kryalos is one of the most active players in the Italian real estate market. The company offers transaction management, real estate and credit fund management, development and advisory services and is a partner of Italian and international leaders. Further information on www.kryalossgr.com

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Platinum Equity Invests in Norton Packaging

Platinum

LOS ANGELES (January 9, 2026) – Platinum Equity announced today a significant investment in Norton Packaging, a provider of plastic pails and packaging solutions.

Founded in 1901 and headquartered in Hayward, Calif., Norton is a provider of high-performance rigid packaging solutions for a range of categories including paints and coatings, chemicals and cleansers, food products, lubricants and other applications.

“For more than a century, Norton has demonstrated a commitment to quality, consistency, and deep customer relationships. We believe that foundation, combined with the company’s technical expertise and service‑oriented culture, makes Norton an exceptional platform for growth. ”

Jacob Kotzubei, Co-President, Platinum Equity

“We have great respect for the Norton family and the business they’ve built over multiple generations,” said Platinum Equity Co‑President Jacob Kotzubei. “For more than a century, Norton has demonstrated a commitment to quality, consistency, and deep customer relationships. We believe that foundation, combined with the company’s technical expertise and service‑oriented culture, makes Norton an exceptional platform for growth. We see meaningful opportunities to invest in the business, support continued innovation, and help the company reach even greater scale.”

Norton Packaging CEO Greg Norton and the Norton family retained a significant interest in the business and Mr. Norton will continue to lead the company going forward.

“We are excited about the prospect of partnering with Platinum Equity,” said Mr. Norton. “Our family has always believed in doing things the right way. That means putting customers first, investing in our people and staying committed to manufacturing excellence. Platinum’s track record in the packaging sector and its experience helping family‑led businesses grow gives us confidence that this is the right partner for the next chapter in Norton’s evolution.”

Platinum Equity has invested in numerous packaging businesses. The firm’s current portfolio includes Growscape, a North American manufacturer and supplier of horticultural containers and decorative, functional products for the lawn and garden market. Platinum Equity previously owned BWAY, a manufacturer of rigid metal and plastic containers used to package industrial, bulk food and retail goods.

“Norton has built an impressive business with a loyal customer base, and we believe the company is well positioned for both organic and strategic growth,” said Platinum Equity Managing Director Nick Fries. “We see significant opportunities to enhance its operations, expand capacity where needed, and pursue add‑on acquisitions that can broaden the company’s capabilities and geographic reach. We’re looking forward to working with Greg and the Norton team to help accelerate their long‑term growth plans.”

Financial terms were not disclosed.

Stifel served as financial advisor and Gibson, Dunn & Crutcher LLP served as legal counsel to Platinum Equity on the Norton acquisition. Perella Weinberg Partners LP served as financial advisor and Donahue Fitzgerald LLP served as legal counsel to Norton Packaging.

About Platinum Equity

Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $50 billion of assets under management and a portfolio of approximately 60 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 30 years Platinum Equity has completed more than 500 acquisitions.

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EQT Foundation invests in Biographica, an agritech startup at the intersection of AI and crop genetics

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EQT Foundation invests in Biographica, a UK-based company using machine learning to accelerate gene discovery for crop improvement.

Biographica’s platform enables faster, more precise identification of genetic traits that can boost yield, reduce pesticide use, and improve climate resilience.

The investment will support commercial rollout and lab expansion to build a new generation of climate-ready crops.

Biographica is developing an advanced machine learning platform to decode the genetic architecture of crops, cutting down the time, cost, and failure rate of bringing new agricultural traits to market. Traditional pipelines can take over a decade and often miss key gene targets. Biographica’s approach identifies promising edit targets earlier and with higher accuracy, enabling partners to develop novel traits that reduce input costs and adapt to changing climate conditions.

EQT Foundation has invested in Biographica as part of the company’s seed round. The investment follows growing commercial traction with leading seed companies including BASF | Nunhems and Cibus, both of which have progressed from pilot projects to commercial contracts tied to development milestones.

Biographica is initially focused on licensing trait discoveries to seed companies through success-based commercial structures. The company’s foundational model has already been used to identify high-priority gene targets for disease resistance and yield traits, with two partners now progressing targets into validation pipelines. A core focus for the next phase is narrowing in on trait areas with strong demand signals and clear unit economics to drive co-development and licensing deals.

With a founding team experienced in biological ML, plant science, and bioinformatics, Biographica’s platform is designed to work across a wide range of crops. Recent internal benchmarks show significantly higher gene discovery accuracy compared to conventional approaches, helping reduce the time and cost of delivering edited traits.

The company has also opened its first lab at Rothamsted Research and is expanding its in-house capability to generate validation data, inform model development, and support licensing efforts.

Cecy Price, CEO and Co-founder, Biographica: “We’ve seen AI reshape pharma, turning trial-and-error pipelines into learnable biological systems – and it works. We’re bringing that same discipline to crops. Our partnerships leading seed companies show the industry is ready for AI-first approaches to trait discovery, to bring high-value crop varieties to market in seasons, not decades.”

Contact

EQT Press Office

press@eqtpartners.com+46 8 506 55 334

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 more than 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 €‌​​267​‌ billion in total assets under management (€139​‌ billion in fee-generating assets under management) as of 30 September 2025, 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

About EQT Foundation

EQT Foundation is a philanthropic organization and long-term shareholder of the global investment organization EQT, founded by partners at EQT. The Foundation supports scientists and entrepreneurs bringing breakthrough solutions from lab to market, combining EQT’s expertise with catalytic investments and grants. With a focus on supporting scientific progress in underfunded areas of climate and health, the Foundation provides a learning platform for EQT employees to develop and work collaboratively across the globe, while engaging in philanthropy and making a positive impact.

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About Biographica

Biographica is a London-based agricultural biotechnology company applying breakthroughs from AI-driven drug discovery to design the next generation of crop traits. The company was founded in 2022 by Cecily Price and Dominic Hall, who combine deep expertise in genetics, AI, and computational biology. They are joined by a team of leading scientists and engineers at the intersection of biology and AI, in London and at Rothamsted Research, and advised by seed industry leaders across R&D partnerships and licensing. Biographica is already working with several of the world’s top seed companies, including BASF | Nunhems.

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CapMan Buyout exits Forenom to a consortium led by Bravedo

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Capman

CapMan Buyout X Fund has agreed to sell Forenom Group Oy, a leading provider of serviced apartments in the Nordic region, to a consortium led by Nordic people and technology services group Bravedo.

CapMan Buyout invested in Forenom in 2016 to accelerate the company’s growth and support internationalisation in the Nordics. During CapMan Buyout’s ownership period Forenom has tripled its sales and expanded from being a Finnish company to a leading pan-Nordic player. Today, the company’s portfolio comprises over 9,000 serviced apartments, aparthotels and hostel rooms across all major Nordic cities and Germany which it operates through more than 30 local offices and over 500 employees.

“I would like to thank Forenom’s management and all employees for the excellent cooperation over the years. I wish Forenom success under its new ownership,” says Anders Björkell, Partner at CapMan Buyout.

“Back in 2016, we sought a partner to help in implementing Forenom’s strategy. We would like to thank CapMan Buyout for playing an important role in the company’s development into a leading Nordic player. As we enter our next growth phase, Bravedo’s ownership provides us with even stronger opportunities to enhance our services, scale our operations, and meet the growing needs of our customers. Helping companies move their workforce smoothly is becoming increasingly critical, and together with our new owner, we can build even more powerful solutions to make this easier than ever for our clients,” says Jussi Saarinen, CEO of Forenom.

“During CapMan Buyout’s ownership period, Forenom has developed into a true leader in the Northern European serviced apartments market. While the operating environment in recent years has been far from easy, Forenom is now a platform into which Bravedo, together with our co-investors, can invest and further support its growth. Providing Bravedo’s customers with innovative workforce solutions in the Nordic countries, including accommodation-related services, is core to Bravedo’s strategy, and Forenom complements our capabilities perfectly,” says Heikki Raulo, Head of Investments & Acquisitions at Bravedo.

Forenom marks the final exit of the CapMan Buyout X fund which was established in 2012.

For more information, please contact:

Anders Björkell, Partner, CapMan Buyout, +358 40 537 7566

Jussi Saarinen, CEO, Forenom, +358 44 210 6864

Heikki Raulo, Investments & Acquisitions, Bravedo, +358 40 7191589

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.1 billion euros 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 scenario and our commitment to net-zero GHG 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, real asset debt, 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, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com.

About Forenom

Forenom is a leading provider of serviced apartments in the Nordic region, with a strong focus on business customers. The company operates the fastest-growing aparthotel chain in the Nordics, offers an innovative hostel concept for project workers, and provides the most comprehensive selection of serviced apartments across the region. Forenom’s portfolio comprises over 9,000 serviced apartments, aparthotels and hostel rooms across all major Nordic cities and Germany, generating more than 2.3 million overnight stays annually. www.forenom.com.

About Bravedo

Bravedo is a leading provider of B2B and public sector services in Finland, delivering integrated solutions that combine human expertise with technology. The group supports organisations in redesigning, optimising, and automating their operations and services to improve efficiency and enable scalable operations.

Founded in 1999, Bravedo operates in 11 countries across Europe and brings together expertise from the group’s nearly 40 specialised companies to serve a wide range of private and public sector clients. www.bravedo.fi

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Bain Capital and BlueWater Marinas Acquire Kent Narrows Boatel

BOSTON & CHARLESTON, S.C. – January 09, 2026 – BlueWater Marinas (“BlueWater”) today announced the acquisition of Kent Narrows Boatel (“KNB”), a Class-A, heated drystack marina located just outside of Annapolis in Kent Narrows, MD. KNB will be the fourth marina added to the Bain Capital/BlueWater portfolio.

KNB opened in 2017 and has since become a cornerstone of the local boating community, given its commitment to quality operations and an impeccable physical plant. Situated off the Bay Bridge on the upper Chesapeake Bay and surrounded by popular waterways, the Boatel is conveniently located on Kent Island and serves as a premier access point to many of the Chesapeake Bay’s most sought-after waterways, with nearby waterfront dining, in-shore fishing, watersports, and popular day-trip destinations. The property offers 375 slips for annual, seasonal, and winter storage and boasts more than 12,000 square feet of ground-level commercial space.

Andrew Terris, a Partner at Bain Capital Real Estate, stated, “Kent Narrows Boatel is an outstanding addition to our growing portfolio. The property’s offerings, location, and modern infrastructure align perfectly with our strategy of investing in high-quality marinas in premier boating markets.”

Dunston Powell, BlueWater Principal and Head of Acquisitions, added, “Rob Marsh and Jody Schulz have built a phenomenal reputation for this site as its developers, owners, and operators. Today, KNB is one of the highest quality marinas in the Mid-Atlantic, attracting boaters from Annapolis, Washington, D.C., Baltimore, and Philadelphia due to its prime location, exceptional facilities, and unique climate-controlled winter storage. We look forward to working with the onsite team and further enhancing the customer experience for boaters throughout the region.”

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

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

Media Contacts

For Bain Capital Private Equity

 Charlyn Lusk

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Lemon Tree Hotels Announces Strategic Reorganization and Investment from Warburg Pincus in Fleur Hotels to Unlock Long-Term Shareholder Value

Warburg Pincus logo
  • The reorganization will create two focused, high-growth, and large-scale platforms  
  • Warburg Pincus will acquire APG’s entire 41.09% stake in Fleur and commit to invest up to ₹960 crore of primary capital to support the growth of Fleur

New Delhi, 9 January 2026 — Lemon Tree Hotels Limited (“Lemon Tree”) and Fleur Hotels Limited (“Fleur”) today announced that their respective Boards of Directors have approved a Composite Scheme of Arrangement (the “Scheme”) designed to simplify the group structure, enhance strategic focus, and unlock long-term value for shareholders. The Scheme is subject to customary regulatory and shareholder approvals.

The proposed reorganization will create two clearly differentiated and complementary platforms:

  • Lemon Tree Hotels Limited,as a pure-play, asset-light hotel management and brand platform; and
  • Fleur Hotels Limited, a current subsidiary of Lemon Tree, as a large-scale growth-oriented hotel ownership platform with development capabilities and an attractive pipeline.

The Board of Directors further approved:

  • Execution of a Share Purchase Agreement enabling Coastal Cedar Investment B.V., an affiliate of Warburg Pincus, to acquire the full 41.09% equity stake held by APG Strategic Real Estate Pool N.V. (“APG”) in Fleur; and
  • Execution of a Shareholders’ Agreement providing for a primary investment by Warburg Pincus of up to INR 960 crore to be infused in tranches, to support the future growth of Fleur.

This investment marks a renewed partnership between Warburg Pincus and Lemon Tree, following Warburg Pincus’ earlier investment in the company in 2006, which supported Lemon Tree’s initial growth to become a prominent hotel brand and platform in India.

The Scheme, to be implemented through a NCLT-approved process, will reorganise the group’s asset ownership and operating structure. The hotel assets currently owned by Lemon Tree will be transferred to Fleur, which will serve as the group’s exclusive asset ownership and development company. Fleur will lead the group’s all future hotel acquisitions and development, while Lemon Tree will transition to a fully asset-light model, focused on growing its hotel management, franchising and digital business. The Scheme will also result in a listing of Fleur’s shares on NSE and BSE. Mr. Patanjali Govind Keswani, Founder of Lemon Tree Hotels, will serve as the Executive Chairman of Fleur Hotels and will eventually transition to a Non-Executive role at Lemon Tree.

This reorganization and investment come at a time when India’s hospitality sector is entering a period of sustained growth, driven by rising disposable income and discretionary spending, strong growth in domestic inter-city air / rail / road travel, a rebound in international tourism, and the Government of India’s continued focus on tourism and investment in aviation / high-speed railways / four-lane highways infrastructure. Increasing corporate travel and India’s emergence as a leading Meetings, Incentives, Conferences and Exhibitions (MICE) destination further support long-term demand fundamentals.

Commenting on the development, Mr. Patanjali Govind Keswani, Founder and Executive Chairman of Lemon Tree and Fleur Hotels, said, “This scheme is intended to create a simplified, transparent, and growth-oriented structure for both companies, which we believe will enhance long-term value for our shareholders. We are also pleased to renew our partnership with Warburg Pincus, with whom we share a long history of building the foundations of Lemon Tree. This collaboration marks a defining moment as we enter the next phase of expansion for Fleur. With the Indian hospitality industry at an important inflection point, we look forward to leveraging Warburg Pincus’ global network and deep real estate and hospitality experience to scale responsibly, advance digital-led capabilities and embed sustainability as a core pillar of Lemon Tree’s and Fleur’s long-term growth journey.”

Anish Saraf, Managing Director, Warburg Pincus, said, “We are pleased to once again partner with Patu and the Fleur leadership team to support the next chapter of growth for the platform. Lemon Tree has played a pioneering role in shaping India’s mid-market hospitality segment, building a large scale, high-quality portfolio with strong brands and operating capabilities. With favourable industry fundamentals and a clear strategic roadmap, we look forward to supporting the team as they continue to scale the business.”

Dominic Doran, Senior Director, Real Estate, Asia-Pacific, APG Asset Management, said, “As we continue our long-standing association with Lemon Tree, we are also proud to have supported Fleur Hotels for more than a decade to become one of India’s leading and socially inclusive hospitality platforms. This transaction in Fleur is the culmination of APG’s long-term approach to investing and provides our clients with a full-cycle return from one of the fastest growing economies in the world. We thank Patu and the Fleur team for their hard work and commitment to reach this milestone as the company enters its next phase of growth.”

Details of the Composite Scheme of Arrangement

Key Highlights

  • Appointed date: 1 April 2026
  • Lemon Tree will merge two of its wholly owned subsidiaries (Carnation Hotels and Hamstede Living) with itself.
  • Four wholly owned subsidiaries of Lemon Tree (Oriole Dr. Fresh, Sukhsagar Complexes, Manakin Resorts and Canary Hotels) will be merged with Fleur against the issuance of shares by Fleur to Lemon Tree.
  • 12 hotels (11 operational hotels and one under-construction hotel at Shimla) of Lemon Tree together with the development capabilities (collectively, the “Demerged Undertaking”), along with the investment in one under construction hotel in Shillong through a 100% subsidiary of Lemon Tree, will be demerged with Fleur.
  • Upon the Scheme becoming effective, the shareholders of Lemon Tree (as on the record date) will own 32.96% of Fleur, Lemon Tree will directly own 41.03% with the balance 26.01% to be owned by Warburg Pincus (shareholding figures exclude any dilution from primary investment by Warburg Pincus in Fleur).

Following receipt of all relevant approvals, the Scheme will become effective, and Fleur will be listed as a separate entity on Indian stock exchanges. The entire process to listing of Fleur is expected to be completed within 12 to 15 months.

Rationale of the Composite Scheme of Arrangement

  • Complementary, Large-Scale and High-Growth Platforms: The proposed reorganization creates two focused and complementary platforms—an asset-light business with hotel management, brand & loyalty, distribution and digital capabilities and a hotel ownership and development platform—both positioned for growth. Fleur will combine existing operating assets with a clearly defined development and acquisition pipeline, while Lemon Tree will continue to scale its management and franchise portfolio domestically and internationally.
  • Strengthened Balance Sheet: The proposed raising of primary capital from Warburg Pincus will strengthen Fleur’s balance sheet and unlock risk mitigated growth opportunities through development and acquisition of hotel assets.

Post the Proposed Transaction

Fleur will become one of the largest owners of hospitality assets in India. Its owned portfolio will expand significantly, increasing from 3,993 keys and 24 operating hotels to 5,813 keys across 41 hotels. Fleur will continue to scale its owned portfolio through future development and acquisitions.

Lemon Tree will continue to operate its existing leased hotels in Indore and Aurangabad, which are approaching the end of their respective lease terms. In addition, Lemon Tree will manage an additional 1,820 keys and 17 hotels transferred to Fleur alongside its existing portfolio of 3,993 keys and 24 hotels of Fleur operated by Lemon Tree. Lemon Tree will remain focused on its asset-light strategy, continuing to manage and franchise its existing portfolio of third-party owned hotels, with 6,011 keys across 89 operational hotels and 9,414 keys across 127 hotels under various stages of development in India and internationally, which is expected to continue to expand over time.

Morgan Stanley acted as the exclusive financial advisor for the proposed transaction.

About Lemon Tree Hotels Limited

Lemon Tree Hotels Limited (LTHL) is one of India’s leading hospitality companies, catering to a wide range of customers – from value-conscious travellers to premium business and leisure seekers. With seven distinct brands – Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox, Keys Prima, Keys Select, and Keys Lite – the group offers experiences across upper upscale, upscale, upper midscale, midscale, leisure, wildlife, and spiritual segments.

LTHL operates 120+ hotels across 80+ cities in India and abroad, with a growing pipeline of 120+ upcoming properties. From metro hubs like Delhi-NCR, Mumbai, Bengaluru, and Hyderabad to tier II & III cities such as Jaipur, Udaipur, Kochi, and Indore – and with an international presence in Dubai, Bhutan, and Nepal – Lemon Tree Hotels delivers exceptional comfort, consistent quality, and a warm, refreshing experience.

Since opening its first 49-room hotel in 2004, the group has grown to 250+ properties (operational and upcoming), becoming a trusted name in hospitality for both business and leisure travellers.

For more details, visit www.lemontreehotels.com

About Warburg Pincus

Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $100 billion in assets under management, and more than 215 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,100 companies across its private equity, real estate, and capital solutions strategies. The firm is headquartered in New York with more than 15 offices globally.

Warburg Pincus began investing in India in 1996. Today, it has become one of the largest and most active global private equity investors in the country, with nearly $10 billion invested in more than 80 companies across financial services, healthcare, consumer, industrial, business services, and technology sectors. Notable investments in India include Appasamy Associates, Truhome Finance (previously known as Shriram Housing Finance), Meril, Imperial Auto, Avanse Financial Services, IDFC First Bank, CAMS, Kalyan Jewellers, Alliance Galaxy (previously known as Alliance Tyre Group – ATG) and Bharti Airtel.

Warburg Pincus began investing in Asia real estate in 2005. Today, it has become one of the largest and most successful investors in the region, with more than US$10 billion invested in around 60 real estate platforms and ventures across Asia Pacific. The firm is a pioneer of thesis-driven growth investing in Asia real estate and has co-founded or sponsored leading platforms alongside best-in-class entrepreneurs such as ESR, Princeton Digital Group, BW Industrial, DNE, Vincom Retail, StorHub and Vita Partners.  Warburg Pincus has been an active investor in hospitality and living sectors, with notable investments including Weave Living, Lodgis, 7 Days Hotels, Vlinker, Tokyo Beta and Kio. For more information, please visit www.warburgpincus.com or follow us on LinkedIn.

Media Contact

Warburg Pincus

Lisa Liang

Senior Vice President, Asia Head of Marketing and Communications, Warburg Pincus

lisa.liang@warburgpincus.com

Malini Roy

malini.roy@warburgpincus.com

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Carlyle to Announce Fourth Quarter and Full-Year 2025 Financial Results and Host Investor Conference Call

Carlyle

Washington, D.C. and New York – The Carlyle Group Inc. (NASDAQ: CG) announced today that it will release financial results for the fourth quarter and full-year 2025 on Friday, February 6, 2026, and host a conference call at 8:30 a.m. EST. The conference call will be available via public webcast from the Events & Presentations section of ir.carlyle.com and a replay will also be available after the call’s completion.

Chief Executive Officer Harvey Schwartz, along with Chief Financial Officer Justin Plouffe and Head of Public Investor Relations Daniel Harris, will review the results during the call.

The earnings release will be available through all Carlyle channels, including the Earnings Releases section of ir.carlyle.com and the firm’s X and LinkedIn accounts.

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.

Contacts
Public Investor Relations
Daniel Harris
+1 (212) 813-4527
daniel.harris@carlyle.com

Media
Brittany Bensaull
+1 (212) 813-4839
brittany.bensaull@carlyle.com

OR

Kristen Ashton
+1 (212) 813-4763
kristen.ashton@carlyle.com

Categories: News

CapMan Real Estate divests public property in Solna to Vacse

Capman

CapMan Nordic Real Estate III FCP-RAIF (CMNRE III) has signed an agreement to sell Sadelplatsen 1, a development property in Solna approximately 5 km from central Stockholm to the Swedish real estate company Vacse. The divestment marks the next phase in the property’s lifecycle as it moves toward redevelopment and adaptation for public sector use.

CMNRE III acquired the highly visible office building in Solna in December 2020, at a time when the property was almost completely vacant. The property comprises approximately 6,700 sqm of lettable area along with generous garage facilities. By securing a long-term lease with a Swedish law enforcement authority, CapMan Real Estate has enabled the transformation of Sadelplatsen 1 into a stable, income-generating asset. The building will now be renovated and purpose-adapted for the law enforcement authority, which will occupy the entire premises, ensuring the property’s long-term role in providing essential civic services.

The transaction represents the Fund’s third exit and reflects its strategy to actively managing and developing its portfolio through divestments where value has been realised. Closing is expected to take place during the first quarter of 2026.

“We are very pleased to complete this transaction with Vacse, a long-term and specialised owner of public sector properties. This exit demonstrates our ability to create value through active asset management and confirms that there is continued liquidity and strong demand for well-located, high-quality assets with secure end users,” says Magnus Berglund, Partner and Head of CapMan Real Estate Sweden.

Catella Corporate Finance acted as the Fund’s sell-side advisor and Mannheimer Swartling as legal advisor in the transaction.

For more information, please contact:
Magnus Berglund, Partner, Head of CapMan Real Estate Sweden
+46 70 786 68 08

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.1 billion euros 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 scenario and our commitment to net-zero GHG 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, real asset debt, 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, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com

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CVC DIF to acquire leading Iberian parking infrastructure platform iPark from Elliott Investment Management

CVC|DIF
  • iPark owns and operates a portfolio of more than 30,000 parking spaces across more than 80 facilities in Spain and Portugal, with a well-diversified asset base present in urban centres, hospitals and transport-related locations.
  • With this investment, CVC DIF will support iPark’s management team in pursuing the company’s next phase of growth across Iberia, while continuing to enhance its operations.

CVC DIF, the infrastructure strategy of leading global private equity manager CVC Capital Partners, has agreed to acquire iPark, a large-scale Iberian parking infrastructure platform operating across Spain and Portugal, from Elliott Investment Management. The investment will be made through DIF Infrastructure VIII.

iPark owns and operates a diversified portfolio of over 30,000 off-street parking spaces across more than 80 facilities, primarily located in urban centres, hospitals and transport-related locations.

The investment by DIF Infrastructure VIII will support iPark’s next phase of growth, building on its established buy-and-build strategy to scale the platform across core Iberian markets while continuing to enhance operational efficiency and digitalisation.

The transaction is aligned with CVC DIF’s strategy and significant experience of investing in essential infrastructure assets with long-term, concession-like high-visibility cash flows, which play a critical role in supporting economic activity and urban mobility in Europe.

Quotes

iPark is a high-quality, essential and highly diversified infrastructure platform with a strong market position and clear growth potential.

Tom GoossensPartner at CVC DIF

Tom Goossens, Partner at CVC DIF, commented: “iPark is a high-quality, essential and highly diversified infrastructure platform with a strong market position and clear growth potential. Off-street parking plays a vital role in urban mobility and iPark is well-positioned to further strengthen its leadership in this segment. Its diversified portfolio, long-term contracts and experienced management team make it an excellent fit for CVC DIF’s investment strategy. We look forward to partnering with the team to support the company’s continued growth and long-term value creation.”

Juan Manuel Mogarra, Founder and CEO of iPark, added: “CVC DIF is a highly experienced infrastructure investor with a deep understanding of long-term, essential assets. Their support will enable iPark to accelerate its growth strategy while continuing to deliver high-quality services to cities, partners and customers across Spain and Portugal. We are excited to begin this next chapter together.”

Paul Best, Senior Managing Director and Head of European Private Equity at Elliott Investment Management, said: “This transaction is a reflection of iPark’s market-leading position and potential for further growth. We are proud to have supported iPark as it expanded and diversified its portfolio and scaled its platform across Iberia. We wish the iPark and CVC DIF teams all the best as they pursue the next phase of growth for the company.”

The transaction is expected to close in 2026, subject to customary regulatory approvals.

DC Advisory and Eversheds acted as financial and legal advisers to Elliott Investment Management on the transaction, while RBC Capital Markets and Uría & Menéndez acted as financial and legal advisers to CVC DIF, respectively.

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