Category Archives: News

Ares Acquires Stake in Rover Pipeline from Blackstone Energy Transition Partners to Serve Growing Energy Demand Centers Across North America

Blackstone

NEW YORK – April 29, 2026 – Ares Management Corporation (NYSE: ARES), a leading global alternative investment manager, announced today that funds led by its Infrastructure Opportunities strategy (“Ares”) have acquired a 32.4% stake in the Rover Pipeline (“Rover”) from funds managed by Blackstone Energy Transition Partners (“Blackstone”).

Rover is a large-scale natural gas transmission pipeline that provides critical connectivity from the Appalachian Basin to high-value end markets across North America. The asset’s footprint spans approximately 700 miles across Pennsylvania, West Virginia, Ohio and Michigan, with transportation capacity of 3.425 Bcf/d that is substantially contracted under long-term agreements with high-quality counterparties. Blackstone acquired its interest in Rover in 2017, supporting the pipeline’s development and completion in 2018. The asset is operated by an affiliate of Energy Transfer LP, a leading North American midstream energy company.

The transaction further diversifies Ares Infrastructure Opportunities’ portfolio of critical energy infrastructure assets and enhances its ability to support the long-term, reliable supply of cost-competitive energy to high-growth markets in North America. Ares Infrastructure Opportunities expects to help further advance Rover’s essential role in providing long-haul takeaway capacity from the Appalachian Basin, the largest natural gas-producing region in the United States, to demand centers nationwide.

“Large-scale, strategically located assets like Rover, which offer much-needed egress for in-basin supply, are playing a central role in the natural gas value chain and represent a compelling opportunity for expansion,” said Anthony Omokha, Managing Director in Ares Infrastructure Opportunities. “Sitting at the intersection of three of the most powerful trends reshaping North American energy markets – the unprecedented growth in U.S. power demand, rising global need for American LNG and the reshoring of domestic manufacturing – we believe that Rover is well positioned to deliver value over the long term.”

“We are proud to have supported the development and construction of Rover, which delivers affordable, reliable, American natural gas to key Midwestern markets,” said David Foley, Global Head of Blackstone Energy Transition Partners. “As the need for U.S. natural gas continues to grow – driven by electrification, AI-related power generation and LNG exports – assets like Rover play an increasingly important role in connecting domestic supply to demand markets. We also thank Energy Transfer for their partnership and the strong, reliable management of Rover during our investment.”

Kirkland & Ellis acted as legal counsel to Ares in connection with the transaction. RBC Capital Markets and Greenhill & Co., a Mizuho affiliate, served as financial advisors and Vinson & Elkins acted as legal counsel to Blackstone.

About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders’ long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2025, Ares Management Corporation’s global platform had nearly $623 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.

About Blackstone Energy Transition Partners
Blackstone Energy Transition Partners is Blackstone’s strategy for control-oriented equity investments in energy-related businesses, with a successful long-term record, having committed over $27 billion of equity globally across a broad range of sectors within the energy industry. Our investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering more reliable, affordable and cleaner energy to meet the growing needs of the global community. In the process, we work to build stronger, larger scale enterprises, create jobs and generate lasting value for our investors, employees and all stakeholders. Further information is available at https://www.blackstone.com/our-businesses/blackstone-energy-transition-partners/.

Media Contacts

Ares
Jacob Silber | Brennan O’Toole
media@aresmgmt.com

Blackstone
Jennifer Heath
Jennifer.Heath@Blackstone.com

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Hg doubles down on Teamworks as a leading AI platform for elite sports

HG Capital

DURHAM, N.C. – April 28, 2026 – Teamworks, The Operating System for Sports™ powering more than 7,000 elite sports organizations globally, today announced a significant growth investment led by Hg, a leading investor in technology, data and services businesses, more than doubling Hg’s total investment in Teamworks to $200 million. This latest growth investment, which includes participation from global asset manager AllianceBernstein, moves Teamworks’ valuation to above $1.5B and represents a material increase from the company’s previously achieved valuation.

The investment comes as Teamworks deepens its focus on making sports organizations smarter by connecting data, context, and decision-making across every layer of the organization. Alongside its investment, Hg brings significant operational resources to support AI development, including their AI product incubation program, Hg Catalyst, and other proprietary AI and data platforms used to rapidly deploy AI capabilities across 60+ technology and services companies. The partnership fast-tracks Teamworks’ progress embedding advanced AI across its platform, further cementing its position as the leader in sports technology.

“When we built Teamworks, the vision was always bigger than communication software. It was about giving elite organizations an operating system that connects every department and powers objective decision-making across sports organizations,” said Zach Maurides, CEO and Founder of Teamworks. “This investment, and the partnership with Hg, confirms that we are executing on that vision. We are investing aggressively in AI and data infrastructure, and making the right acquisitions to build the most intelligent operating system in sports.”

“Teamworks is exceptionally well positioned at the intersection of sports, data, and AI. We believe the next phase of value creation will come from embedding AI deeply into core workflows to drive faster, smarter decision-making,” said Stef Raiola, Director at Hg. “Teamworks is a category-defining business. We’re excited to partner with Zach and the team to support their continued growth, product innovation, and global expansion.”

This growth investment, a combination of primary and secondary, accelerates Teamworks’ strategic priorities: expanding its world-class data science and AI team, deepening its proprietary sports data infrastructure, and continuing a disciplined M&A strategy that adds data and intelligence capabilities across sports verticals. Acquisitions, including Zelus Analytics, Telemetry Sports, Sportlogiq, and most recently the enterprise business of Pro Football Focus (PFF) reflect the company’s commitment to owning a vertically integrated tech stack across every sport.

Teamworks is the preferred technology partner for 100% of NFL, NHL, and Premier League teams, 90% of MLB, 87% of NBA, 83% of MLS teams, 99% of DI NCAA athletic departments, and 65+ Olympic federations across 24 countries.

About Teamworks

Teamworks is the leading operating system for elite sports, trusted by more than 7,000 organizations worldwide. The company combines enterprise SaaS software with proprietary data and advanced analytics to deliver intelligent products that power player evaluation, game strategy, performance development, and daily operations. By unifying workflows, video, and trusted data sources into a single AI-driven platform, Teamworks serves as both the technology backbone and the intelligence engine for modern sports organizations.

Founded in 2004, Teamworks has expanded its data and AI capabilities through strategic acquisitions including Zelus Analytics, Telemetry Sports, Sportlogiq, and the enterprise business of Pro Football Focus (PFF).

About Hg

Hg is an investor in European and transatlantic technology and services businesses. We are an AI leader in private equity, helping to build sector-leading enterprises that supply critical applications or workflow services to deliver intelligent automation for their customers. We take an active approach to value creation, combining deep end-market knowledge with world class operational resources to support entrepreneurial leaders looking to scale and drive AI transformation. With a vast European network and strong presence across North America, Hg has c.$110 billion in assets under management and more than 400 employees. Our portfolio spans around 60 businesses worth over $195 billion in aggregate enterprise value, employing more than 130,000 people and consistently growing revenues at more than 18% annually.

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Chord Music Partners Prices $500 Million ABS Backed by Diversified Music Catalog

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Notes Backed by Diversified Music Catalog; Transaction Receives A Ratings from KBRA and S&P Global Ratings

NEW YORK, April 27, 2026 — Chord Music Partners, a leading global music investment platform managed by Dundee Partners in partnership with Universal Music Group (UMG), the world leader in music-based entertainment, today announced the pricing of $500 million of Series 2026-1 senior notes (the “Notes”), secured by a diversified portfolio of music publishing and recorded music assets. The Notes are expected to be issued by Canon Music Issuer Trust, which is intended to serve as Chord’s long-term financing vehicle, and priced at a yield of 5.560% and a spread of 160 basis points, marking the tightest-ever pricing for a music royalty ABS to date.

The Notes are backed by royalties from a catalog of more than 3,750 musical compositions and master recordings spanning a wide range of genres and vintages, with works from globally recognized artists and songwriters.

The Notes have received A ratings from Kroll Bond Rating Agency (KBRA) and S&P Global Ratings. The catalog supporting the transaction has been valued at approximately $830 million by an independent third-party valuation agent, reflecting the scale, diversification, and long-term cash flow profile of the underlying assets.

The offering is collateralized by a mix of publishing and recorded music rights, with approximately 34% of recent cash flows derived from publishing royalties and 66% from sound recordings. The catalog is diversified across artists, genres, and release periods, with a weighted average age of approximately 10 years.

Sam Hendel, Co-Founder of Chord Music Partners and Dundee Partners Managing Principal, said: “This transaction reflects the strength of Chord’s high-quality music investment platform and the continued demand for music rights as long-term assets with differentiated and largely uncorrelated cash flow characteristics. We are proud to manage a diversified portfolio of music assets supported by iconic artists, songwriters and recordings, and we remain focused on building lasting value across the Chord platform.”

Apollo Managing Director Paul Sipio said, “Universal Music Group and Dundee Partners have built Chord with a differentiated portfolio that combines the scale and stability of the world’s largest music company with a contemporary artist roster generating durable, growing royalty streams. Pricing at the tightest spread ever achieved for a music royalty ABS speaks to the quality of those assets, and we are committed to serving as a long-term, flexible capital partner as this program continues to grow alongside Chord’s business.”

Universal Music Investments, Inc., a wholly owned subsidiary of Universal Music Group, serves as manager of the transaction, with UMG providing related administration, distribution and operational support for the underlying music assets.

Apollo Global Securities, LLC and ATLAS SP Securities acted as joint bookrunners for the transaction, and Redding Ridge Asset Management, an Apollo affiliate, served as structuring agent. Fifth Third Securities and MUFG Securities served as joint bookrunners. The Bank of New York Mellon serves as trustee and calculation agent.

About Chord Music Partners
Chord Music Partners is a leading independent global music rights platform, formed through a strategic partnership between Dundee Partners and Universal Music Group (UMG), the world-leader in music-based entertainment. Chord combines long-term institutional capital with global operational scale, creative partnership and active rights management to build and manage a growing portfolio of high-quality music intellectual property. The platform includes works by some of the most influential artists and songwriters in music, with a focus on culturally relevant, high-performing rights across genres, eras and geographies. Chord’s music publishing rights are administered through UMG’s Universal Music Publishing Group (UMPG), with recorded music managed by UMG’s Virgin Music Group (VMG).

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 December 31, 2025, Apollo had approximately $938 billion of assets under management. To learn more, please visit www.apollo.com.

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Apollo Funds to Acquire Forvia’s Automotive Interiors Business

Apollo logo

Transaction to Establish Leading Global Automotive Interiors Supplier as Standalone Company

NEW YORK, April 27, 2026 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds (the “Apollo Funds”) have agreed to acquire the Interiors Business Group of Forvia (“Interiors Business” or the “Company”), a leading global supplier of automotive interior systems, from Forvia SE (EPA: FRVIA) in a carve-out transaction.

The Interiors Business is one of the world’s leading suppliers of automotive interior products including instrument panels, door panels and center consoles, and serves a diversified base of leading global automotive original equipment manufacturers (OEMs). With a global manufacturing and engineering footprint across Europe, North America and Asia, the Company is deeply embedded across a wide range of large-scale vehicle programs and plays an important role in delivering integrated, advanced interior products tailor-made for automotive OEM customers.

Michael Reiss, Private Equity Partner at Apollo, said, “The automotive interiors industry is evolving rapidly as manufacturers increasingly differentiate their vehicles through cabin design, premium materials and new technologies. As an independent company with dedicated leadership and resources, Forvia’s Interiors Business will be well positioned to capitalize on these trends and deliver even greater value to its OEM partners worldwide.”

Claudia Scarico, Private Equity Partner at Apollo, said, “Forvia’s Interiors Business is a well-established supplier in the international automotive supply chain with a global manufacturing footprint and the ability to engineer complex, high quality vehicle interior products at scale. Drawing upon Apollo’s extensive investment experience in the automotive sector and in executing complex carve outs, we are a strong partner to reinforce the company’s leadership position globally. We look forward to supporting the transition to an independent company with a strong strategic focus and foundation for long-term growth.”

Martin Fischer, Chief Executive Officer of Forvia, said: “The Transaction project announced today reflects the strength and leadership of Forvia Interiors, as well as the expertise and commitment of its teams. It highlights the Business Group’s solid industrial base, market positioning and value creation potential. I would like to thank all Interiors employees for their contribution. We believe Apollo has the experience and capabilities to support the Interiors Business Group in its next phase of growth.”

Apollo’s private equity business has a long and successful track record of transforming businesses spanning more than 35 years, including significant experience in the automotive sector. Apollo Funds’ current portfolio of global automotive investments includes Tenneco, TI Automotive and Panasonic Automotive.

The transaction is subject to satisfaction of certain closing conditions, including regulatory approvals and information or consultation of the employee representative bodies, and is expected to close in the second half of 2026.

Kirkland & Ellis LLP served as legal counsel on the transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel in connection with the financing of the transaction. UBS AG and UniCredit served as financial advisors.

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 December 31, 2025, Apollo had approximately $938 billion of assets under management. To learn more, please visit www.apollo.com.

About Forvia
FORVIA, a global automotive technology supplier, comprises the complementary technology and industrial strengths of Faurecia and HELLA. With over 137,500 people, including more than 12,000 R&D engineers across 40+ countries, FORVIA provides a unique and comprehensive approach to the automotive challenges of today and tomorrow. Composed of 6 business groups and a strong IP portfolio of over 12,000 patents, FORVIA is focused on becoming the preferred innovation and integration partner for OEMs worldwide. In 2025, the Group achieved a consolidated revenue of 26.2 billion euros. FORVIA SE is listed on the Euronext Paris market under the FRVIA mnemonic code and is a component of the CAC SBT 1.5° indice. FORVIA aims to be a change maker committed to foreseeing and making the mobility transformation happen. www.forvia.com

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

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

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Apollo Funds to Acquire 40% Interest in Pembina Gas Infrastructure

Apollo logo

Strategic Transaction to Support One of Canada’s Largest Natural Gas Processing Platforms in Next Phase of Growth

NEW YORK and CALGARY, Alberta, April 23, 2026 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds (“Apollo Funds”) have agreed to acquire a 40% stake in Pembina Gas Infrastructure Inc. (“PGI” or the “Company”), a premier gas processing entity in Western Canada, from funds managed by KKR. Pembina Pipeline Corporation (“Pembina”) (TSX: PPL; NYSE: PBA), which operates and manages PGI’s facilities, will maintain its 60% stake in the Company and the existing governance structure will remain unchanged upon closing.

Since its formation as a joint venture between Pembina and KKR in 2022, PGI has grown into one of the largest independent gas processing platforms in Western Canada, with a combined processing capacity of approximately five billion cubic feet per day. PGI currently operates 23 gas processing plants, approximately 3,900 kilometers of gathering pipelines and approximately 330,000 barrels per day of NGL extraction capacity. With connectivity to major gas transmission networks in the region, the Company is strategically positioned to serve its blue-chip customer base throughout the Montney and Duvernay trends, from central Alberta to northeast British Columbia.

“PGI is a premier Canadian platform strategically situated at the inlet of the Global Industrial Renaissance, with assets supporting industrial end markets that underpin the energy security of North American economies,” said Scott Browning, Partner at Apollo. “We see a compelling opportunity to grow the business alongside these tailwinds, with the potential to deploy capital into attractive development projects alongside one of the world’s leading midstream operators.”

“Having established PGI as a leading gas processing platform in Western Canada, we remain focused on continuing to grow the business and deliver for our customers,” said Heather Christie-Burns, President and Chief Executive Officer of PGI. “Apollo’s expertise in infrastructure and long-term orientation make it an ideal partner for this next phase and we thank KKR for their strategic partnership in building PGI into the platform it is today. We remain focused on progressing our growth strategy for the benefit of our customers, our partners and the communities we serve.”

Scott Burrows, President and Chief Executive Officer of Pembina, said: “PGI is a cornerstone of Pembina’s integrated midstream platform and a critical piece of Western Canadian energy infrastructure. We welcome Apollo as a new partner and look forward to building on the strong foundation that KKR helped establish since the platform’s formation. Pembina remains fully committed to the operational leadership and strategic direction of PGI, and we are excited to continue growing the platform alongside a like-minded, long-term investor.”

“We have long believed in Canada as a compelling market to invest in and develop critical energy infrastructure. When we formed PGI with Pembina, we saw a clear opportunity to build a leading gas processing platform to serve the region’s growing demand,” said Paul Workman, Managing Director at KKR. “The PGI management team’s disciplined execution and Pembina’s stewardship were instrumental in realizing that vision. We are proud of the platform PGI has become and wish the team continued success as the business enters its next phase.”

The transaction is expected to close by the end of the second quarter of 2026, subject to satisfaction of customary closing conditions.

Bennett Jones LLP, Vinson & Elkins LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to the Apollo Funds, and BMO Capital Markets and RBC Capital Markets served as financial advisors.

Simpson Thacher & Bartlett LLP and Torys LLP served as legal counsel to KKR. Scotiabank served as financial advisor to KKR.

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 December 31, 2025, Apollo had approximately $938 billion of assets under management. To learn more, please visit www.apollo.com.

About Pembina Gas Infrastructure

Pembina Gas Infrastructure is a premier gas processing entity in Western Canada with a combined capacity of five billion cubic feet per day. PGI is strategically positioned to serve customers throughout the Montney and Duvernay trends from central Alberta to northeast British Columbia, operating 23 gas processing plants, approximately 3,900 kilometers of gathering pipelines, and approximately 330,000 barrels per day of NGL extraction capacity. PGI is jointly owned by Pembina Pipeline Corporation (60%), which operates and manages its facilities, and KKR’s global infrastructure funds (40%). For more information, visit www.PGIMidstream.com.

About Pembina

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America’s energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities. For more information, please visit www.pembina.com.

Contacts

Apollo
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

Pembina
Investor Relations
(403) 231-3156
1-855-880-7404
investor-relations@pembina.com

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Vertical Bridge Announces $1.5 billion Strategic Equity Investment from KKR

KKR

DELRAY BEACH, Fla. & NEW YORK–(BUSINESS WIRE)– Vertical Bridge REIT, LLC (“Vertical Bridge” or the “Company”), the largest private owner and operator of communications infrastructure in the United States, and leading global investment firm KKR today announced that KKR will make a $1.5 billion equity investment in the Company to support its future growth.

The addition of KKR as a new investor establishes a fully funded, long‑term capital structure that supports Vertical Bridge’s strategic plan and reinforces the Company’s position as a permanent owner and operator of a nationwide portfolio of more than 17,000 towers.

“This transaction provides us with the resources to continue developing our portfolio at scale while maintaining our disciplined, returns-focused approach to capital deployment,” said Ron Bizick, President and CEO of Vertical Bridge. “We are pleased to have KKR as an experienced, long‑term investor as we expand our platform, advance organic development, and selectively pursue M&A opportunities that strengthen our portfolio, while continuing to deliver the agile, customer‑focused approach that defines Vertical Bridge.”

“The convergence of 5G densification, edge compute, and surging data demand is creating a structural need for more and better located wireless infrastructure,” said Waldemar Szlezak, Global Head of Digital Infrastructure at KKR. “Vertical Bridge has built a scaled, high-quality tower platform with a strong track record of execution and a differentiated, partnership-oriented approach, all underpinned by a best-in-class management team. This investment builds upon KKR’s foundation as a leading investor in mission-critical digital infrastructure, and we look forward to supporting the company’s next phase of growth.”

To date, KKR has invested more than $40 billion in equity in digital infrastructure globally. This investment builds on KKR’s existing tower portfolio including Vantage Towers in Europe and Pinnacle Towers in the Philippines, and on past investments such as Telxius and Hivory Towers. KKR is funding its investment primarily through its core infrastructure strategy.

Vertical Bridge’s existing sponsors, DigitalBridge and La Caisse, also participated in the equity investment and remain committed long‑term partners to the Company.

“DigitalBridge is proud to continue supporting Vertical Bridge alongside our long‑standing investment partner La Caisse and now KKR,” said Marc Ganzi, CEO of DigitalBridge. “Vertical Bridge’s disciplined growth strategy, operational excellence, and focus on partnership have consistently positioned the company to meet increasing demand for communications infrastructure. We remain confident in the platform and committed to supporting the team as they continue to scale.”

“Vertical Bridge has experienced phenomenal growth these last few years both organically and through acquisitions, reaching a high level of scale and operating maturity,” said Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure and Sustainability at La Caisse. “Since our initial investment alongside DigitalBridge, the company has consistently executed through market cycles, and the addition of a strategic partner like KKR reinforces a capital base built for the long term and aligned with the needs of critical connectivity infrastructure.”

Advisors and Financial Sponsors

Centerview Partners LLC served as exclusive financial advisor to Vertical Bridge, and Simpson Thacher & Bartlett LLP served as Vertical Bridge’s legal advisor. Barclays and Houlihan Lokey served as financial advisors to KKR, and Kirkland & Ellis LLP served as KKR’s legal advisor.

About Vertical Bridge

Vertical Bridge REIT, LLC, is the largest private owner and operator of wireless communications infrastructure in the United States and has a nationwide portfolio of over 17,000 towers. The company provides build-to-suit and colocation solutions to the telecommunications industry.

In 2020, Vertical Bridge became the first tower company in the world to achieve the CarbonNeutral® company certified status and has been recertified every year since. For more information, please visit www.verticalbridge.com.

About KKR

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

About DigitalBridge

DigitalBridge (NYSE: DBRG) is a leading global alternative asset manager dedicated to investing in digital infrastructure. With a heritage of more than 30 years investing in and operating businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells, and edge infrastructure, DigitalBridge manages infrastructure assets on behalf of its limited partners and shareholders. The firm is headquartered in Boca Raton, Florida, with offices across North America, Europe, the Middle East, and Asia. For more information, visit www.digitalbridge.com.

About La Caisse

At La Caisse, formerly CDPQ, we have been investing 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 December 31, 2025, La Caisse’s net assets totaled CA$517 billion. For more information, visit lacaisse.com or consult our LinkedIn or Instagram pages.

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

Media:
Vertical Bridge REIT, LLC
JSA
1-866-695-3629
jsa_vb@jsa.net

KKR
Liidia Liuksila
Media@KKR.com

DigitalBridge
Joele Frank, Wilkinson Brimmer Katcher
1-212-355-4449
dbrg-jf@joelefrank.com

La Caisse
Conrad Harrington
1-514-847-5493
charrington@lacaisse.com

Source: KKR

 

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Bain Capital Announces Sale of Newmarket Yards Residential Development in Dublin

BainCapital

DUBLIN – April 22, 2026 – Bain Capital, a leading global private investment firm, today announced the sale of Newmarket Yards, a fully leased residential development located in Dublin’s city center.

Completed in 2024, Newmarket Yards comprises 413 PRS apartments alongside a 151 key hotel which was pre-leased to Whitbread plc (t/a Premier Inn) and sold in 2023, ground-floor commercial space and a wide range of shared amenities, located in one of Dublin’s most dynamic and supply-constrained neighborhoods.

The transaction follows a multi-year investment during which Bain Capital, in partnership with Carrowmore Property, delivered a high-quality residential scheme designed to meet evolving tenant expectations for modern urban living. The project progressed from development through lease-up, reaching full occupancy in a relatively short period following completion, supported by strong demand for centrally located rental housing.

Situated within walking distance of Dublin’s central business district and key cultural landmarks, Newmarket Yards benefits from strong connectivity and access to major employment hubs. The development includes extensive amenities such as co-working spaces, wellness facilities, rooftop terraces, and community areas designed to support a range of lifestyles.

A central focus of the development was sustainability and long-term performance. The building achieved BREEAM “Excellent” certification and an A-rated energy standard, incorporating energy-efficient systems, low-carbon construction materials, and design features aimed at reducing operational impact while enhancing resident experience.

“This transaction highlights our ability to deliver large-scale residential developments through close partnership and disciplined execution,” said David Cullen, a Partner at Bain Capital. “Newmarket Yards reflects a focus on quality, sustainability, and design, alongside a strong understanding of local demand.”

“Newmarket Yards demonstrates the strength of our residential platform in Europe,” said John Kane, an Executive Vice President in Bain Capital’s Portfolio Group. “From initial development through leasing and delivery, this project reflects a hands-on approach to creating high-quality assets that are built to perform over the long term.”

The investment forms part of Bain Capital’s Europe Real Estate strategy, which focuses on developing and repositioning assets across living, logistics, hospitality, and digital infrastructure sectors in markets where demand remains strong and supply is constrained.

Financial terms of the transaction were not disclosed.

ENDS

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, portfolio companies, 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 1,900 employees, and approximately $225 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

Media Contacts

Europe

 Jason Lobo

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Ardian announces the sale of its stake in TRIGO to Montyon Capital

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Ardian

Ardian, a global private investment firm, announces the sale of its stake in TRIGO, the global leader of quality management in the transportation sector, to Montyon Capital, a French investment fund.

Founded in 1997, TRIGO is a leading provider of inspection, quality engineering, and industrial performance management services, serving major players in the automotive, aerospace, rail, and other transportation industries.

With a presence in more than 25 countries and operations at hundreds of sites worldwide, the group has established itself as a key partner to manufacturers for the improvement of their production processes and quality. The company has more than 12,000 employees in Europe, the Americas, Asia, and North Africa.

Since acquiring a stake in 2016, Ardian has supported TRIGO’s extensive diversification, aimed at strengthening its position as a global platform for value-added quality services.

During this period, and in particular through 12 acquisitions in the United States and Europe, TRIGO has significantly expanded:
•    Its geographic footprint through international expansion — particularly in North America — with a presence now spanning nearly 30 countries;
•    Its end-market exposure, by extending its strong expertise in the automotive sector to aerospace, rail, defense, and heavy transportation;
•    Its service offering, with a shift toward activities such as quality engineering, analysis, auditing, and training.

This transformation has strengthened TRIGO’s position as a global one-stop-shop platform for quality services in the manufacturing industry, enhancing its ability to address its clients’ most critical challenges across international and increasingly complex supply chains.

The group has also demonstrated the strong resilience of its business model, having successfully navigated several economic cycles and major crises that have significantly impacted the transportation sector, while maintaining solid operational performance and a sustainable growth trajectory.

Montyon Capital’s investment marks the start of a new phase of growth for the group, building on the strength of its management team led by Matthieu Rambaud and Benoit Leblanc and on the solid foundation established over the past decade.

“Since our investment, TRIGO has undergone a profound transformation in terms of geographic reach, end-market exposure, and operating model. The group has significantly strengthened its market position, developed engineering and auditing services, and demonstrated remarkable resilience in a complex environment. We would like to extend our heartfelt thanks to Matthieu Rambaud, Benoit Leblanc, and their entire team for their dedication and the outstanding work they have accomplished alongside us.” Edouard Level, Managing Director Buyout, Ardian.

“We are very proud of the journey we have taken with Ardian, which has supported us with high standards and ambition to make TRIGO the global leader we are today. This new phase with Montyon Capital builds on that momentum. Their knowledge of our industry, their partnership-based approach, and their belief in TRIGO’s potential make them the ideal shareholder to support the next phase of our growth. Together with our teams, we are approaching this new phase with enthusiasm and determination.” Matthieu Rambaud and Benoit Leblanc, CEO, TRIGO.

The completion of the transaction remains subject to the clearance from the relevant competition authorities.

List of participants

  • Ardian

    • Ardian: Edouard Level, Edmond Delamalle, Martin Blanc
    • Ardian financing team: Gregory Buscayret, Aris Toranian
    • M&A advisors: Baird
    • Legal advisor: Latham & Watkins
    • Strategic DD: BCG
    • Financial DD: EY
    • Legal, social & tax DD: EY

ABOUT ARDIAN

In a world of constant evolution, Ardian stands out for its ability to anticipate, adapt, and turn challenges into opportunities. As a global, diversified private markets firm with 22 offices and more than 350 investment professionals worldwide, we provide investment and customized solutions that reflect new economic dynamics and help our clients remain resilient in a changing world.
We deliver multi-local expertise and long-term performance for our investors and partners as well as shared value for the broader society. Since Ardian’s inception in 1996, our pioneering approach to diversification and our ability to offer tailor-made solutions at scale have remained the heart of our strategy.
Through commitment, knowledge and technology, we bring lasting value to our companies and contribute positively to the whole industry.
Ardian currently manages or advises $200bn for more than 1,920 clients worldwide across Private Equity, Real Assets, and Credit.
Ardian. Mastering change for lasting value.

ardian.com

ABOUT TRIGO

TRIGO is a global provider of comprehensive quality management solutions for the transportation sector. Founded in 1997, the group supports leading manufacturers, particularly in the automotive, aerospace, defense, rail, and heavy transportation industries, optimizing their quality performance throughout the value chain.
With a presence in more than 25 countries across Europe, the Americas, and Asia, TRIGO operates at several hundred sites and draws on recognized expertise in various services from inspecting and reworking components, to testing, auditing, consulting, training, and engineering.

trigo-group.com

MEDIA CONTACTS

ARDIAN

HEADLAND

ardian@headlandconsultancy.com

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ALTÉRRA Commits to KKR’s Global Climate Transition Strategy to Accelerate Investment in Real-Economy Infrastructure

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KKR

Reinforces ALTÉRRA’s strategy to mobilize capital at scale through global partnerships accelerating the climate transition

Abu Dhabi, 21 April 2026 – ALTÉRRA today announced a commitment from its Acceleration Fund to KKR’s Global Climate Transition Strategy, further expanding its portfolio of strategic partnerships through an effort focused on accelerating climate and energy transition investments across North America, Europe, and Asia.

imgFrom left to right: His Excellency Majid Al Suwaidi, CEO of ALTÉRRA; Scott Nuttall, Co-Chief Executive Officer of KKR.

KKR’s Global Climate Transition Strategy invests in climate solutions that endeavor to enable efficiency, security and decarbonization for society across all sectors of the physical economy. This includes assets that are central to the functioning of the economy, spanning sectors such as renewables and storage, electrification, energy efficiency, sustainable fuels, waste, and circular economy solutions.

Demand for infrastructure across electrification, grid resilience, and industrial decarbonization is accelerating, driven by rising energy demand, energy security priorities, and the increasing cost competitiveness of clean technologies. As adoption scales and capital shifts toward climate-aligned assets, a clear opportunity is emerging to invest at scale in the systems that will power resilient, low-carbon economies and underpin long-term growth.

Karim Radwan, Partner and Head of Investments at ALTÉRRA, commented: “Our strategic partnership with KKR reflects ALTÉRRA’s commitment to investing in real assets that can accelerate decarbonization, while demonstrating that impact and commercial performance can go hand in hand. As global economies expand clean power capacity, modernize grids and electrify transport and industry, the need for large-scale, resilient infrastructure will continue to grow. Against this backdrop, we need to direct capital at scale into solutions that will enable the next phase of the global climate transition.”

Charlie Gailliot and Emmanuel Lagarrigue, Co-Heads of KKR’s Global Climate Transition Strategy said: “We are delighted to collaborate with ALTÉRRA on our Global Climate Transition strategy, which reflects a shared commitment to accelerating investment in the infrastructure underpinning the energy transition. As energy demand continues to grow, we see a significant opportunity to invest in solutions that enhance energy security, improve affordability, and ensure reliability, while supporting decarbonization across the real economy. By combining ALTÉRRA’s global perspective with KKR’s experience investing across climate and infrastructure, we are well positioned to scale proven technologies and build more resilient, efficient energy systems for the long term.”

KKR’s Global Climate Transition strategy has made seven investments since launch, including Zenobē, a UK-based transport electrification and battery storage solutions specialist; EGC, an energy service provider in Germany; Dawsongroup, an independent asset leasing business which provides a diverse range of business-critical solutions; Avantus, a solar and solar-plus-storage developer in the US; IGNIS P2X, an industrial decarbonisation platform; CleanPeak Energy, a leading provider of integrated solar and storage systems; and HMC Capital’s energy transition platform.

KKR brings more than 15 years of experience in global infrastructure investing, with US$100 billion in infrastructure assets under management. Since 2011, the firm has invested more than US$44 billion in climate and environmental sustainability investments.

Since launch, ALTÉRRA has supported a growing portfolio of climate-focused investments and strategic partnerships globally. Its commitment to the KKR Global Climate Transition Strategy further expands this portfolio, reinforcing ALTÉRRA’s role in mobilizing capital into the infrastructure and solutions shaping the next phase of the global climate transition.

– ENDS –

About ALTÉRRA
ALTÉRRA is one of the world’s largest private investment vehicles for climate finance. Launched at COP28 with a US$30 billion commitment from the UAE, ALTÉRRA aims to build innovative partnerships to mobilize US$250 billion globally by 2030 to finance the new climate economy and accelerate the climate transition.

ALTÉRRA operates three funds. The Acceleration Fund directs capital towards projects crucial for accelerating the global transition to a net-zero and climate-resilient economy at scale. The Transformation Fund incentivizes investment flows in high-growth climate opportunities in underserved markets by providing catalytic capital. The Opportunity Fund is a climate co-investment vehicle, pursuing a diversified global investment strategy across climate-aligned infrastructure, private equity and private credit.

Altérra Management Limited is duly licensed and authorized by the ADGM Financial Services Regulatory Authority under the Financial Services Permission No. 200001.

 

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McKesson Signs Agreement with Apollo Funds for Strategic Minority Interest in Medical-Surgical Solutions

Apollo logo

IRVING, Texas, April 20, 2026 – McKesson Corporation (NYSE: MCK), a leading Healthcare Services company, today announced it has entered into a definitive agreement with funds managed by affiliates of Apollo (“Apollo Funds”), under which Apollo Funds will acquire a minority ownership interest in McKesson’s Medical-Surgical Solutions (“MMS”) business. This transaction represents a meaningful milestone as McKesson executes its separation strategy of MMS in preparation of a planned initial public offering.

Apollo Funds will invest $1.25 billion in convertible preferred equity of MMS to acquire an approximately 13% minority interest in MMS. The transaction values MMS at approximately $13 billion total enterprise valuation. McKesson will retain operating control and majority ownership of MMS and consolidate the results for financial reporting. The transaction is subject to regulatory approvals and customary closing conditions.

“This transaction marks a key milestone in McKesson’s planned separation of MMS,” said Brian Tyler, chief executive officer of McKesson. “We are pleased to welcome Apollo as an important strategic and financial partner. Apollo’s experience in supporting complex carve-out and public market transactions will be additive as we position MMS for success, while maintaining McKesson’s financial and strategic flexibility. We look forward to working together to execute the separation in a manner that maximizes shareholder value, and establishing a well-capitalized, world-class medical surgical supply and solutions company.”

“MMS is a leading healthcare platform with a talented team and strong market position, playing a key role in healthcare supply chain resiliency across non-acute care settings,” said Apollo Partner Maxwell David and Managing Director Jeff Armstrong. “We believe the business is well positioned for continued growth, and that Apollo’s Hybrid platform enables us to provide flexible, scaled capital to support the next phase of development as MMS prepares to operate as a standalone company.”

Cautionary Statements

Statements in this press release about of the anticipated completion of Apollo’s investment in MMS, McKesson’s intent to separate MMS into an independent company, the planned initial public offering (“IPO”) of MMS, and the expected benefits of the transactions described, including anticipated timing, plans, expectations, commitments and intentions, constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers should not place undue reliance on forward-looking statements, which speak only as of the date they are first made. Except to the extent required by law, the company undertakes no obligation to publicly update forward-looking statements.

Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, or implied. Although it is not possible to predict or identify all such risks and uncertainties, risk factors include, but are not limited to: Apollo’s investment and the planned separation and IPO of MMS are contingent upon the satisfaction of certain conditions, may not be completed on the currently contemplated terms or timeline, or at all, and, if completed, may not achieve the intended financial and strategic benefits; unanticipated business, market, governmental, or other developments could delay or prevent completion of Apollo’s investment, the separation, or the IPO, or cause any of the transactions to occur on less favorable terms; the transactions described are subject to conditions that may not be satisfied on the expected timeline, or at all, which could delay or prevent closing; we may be unsuccessful in achieving our strategic growth objectives; we might be adversely impacted by changes in the economic environments in which we operate; and we might be adversely impacted by events outside of our control, such as widespread public health issues, natural disasters, political events, and other catastrophic events. We encourage investors to read the important risk factors described in McKesson’s most recent Form 10-K filed with the Securities and Exchange Commission.

About McKesson Corporation

McKesson Corporation is a diversified healthcare services leader dedicated to advancing health outcomes for patients everywhere. Our teams partner with biopharma companies, care providers, pharmacies, manufacturers, governments, and others to deliver insights, products and services to help make quality care more accessible and affordable. Learn more about how McKesson is impacting virtually every aspect of healthcare at McKesson.com and read Stories & Insights.

About Apollo

Apollo is a high-growth, global alternative asset manager. Apollo’s asset management business  seeks to provide its clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, Apollo’s investing expertise across its fully integrated platform has served the financial return needs of its clients and provided businesses with innovative capital solutions for growth. Athene, Apollo’s retirement services business, specializes in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Apollo’s patient, creative, and knowledgeable approach to investing aligns its clients, the businesses it invests in, its employees, and the communities it impacts, to expand opportunity and achieve positive outcomes. As of December 31, 2025, Apollo had approximately $938 billion of assets under management. To learn more, please visit www.apollo.com

Contacts

McKesson Corporation

Investors
Investors@McKesson.com

Media Relations
MediaRelations@McKesson.com

Apollo

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

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