Category Archives: News

Hg agrees sale of GTreasury to Ripple for $1 billion

HG Capital

  • As a result of the transaction Hg will fully exit the business, having first invested in 2023.

  • GTreasury powers trillions of dollars in annual payment volumes, serving 1,000+ customers worldwide across 160 countries

  • Hg’s AI expertise helped accelerate the development of GTreasury’s new AI products, including the launch of GSmart AI earlier this year

London, Oct 16 2025 – Hg, a leading investor in European and transatlantic software and services businesses, today announced it has agreed the sale of GTreasury, a global leader in adaptable treasury solutions for the Office of the CFO, for a total transaction value of over $1 billion.

GTreasury will be acquired by Ripple, a leading provider of digital asset infrastructure for the enterprise. As a result of this transaction, Hg will fully exit the business, alongside minority investor, Mainsail Partners.

GTreasury provides financial leaders with a comprehensive platform to manage every stage of treasury complexity, covering liquidity management, cash forecasting, payments, netting, and risk. Hg invested in 2023 recognising that these were becoming increasingly critical and strategic products within the Office of the CFO.

The company has scaled significantly with Hg’s support, expanding its transatlantic footprint and accelerating product innovation. This includes the launch of GSmart AI, which augments GTreasury’s platform with agentic capabilities that reduce manual effort, proactively identify risks and variances, and recommend strategic actions for finance leaders.

GTreasury now powers trillions of dollars in annual payment volumes and serves more than 1,000 customers across 160 countries.

Renaat Ver Eecke, CEO, GTreasury, said: “Joining Ripple is hugely exciting and will further accelerate our vision of smart, adaptable solutions that provide financial leaders with the clarity to act. I am also immensely grateful for Hg’s support over the last two and a half years, whose expertise in software, AI, and Office of the CFO gave us a huge advantage while scaling, launching new products and delighting our customers. Finally, I want to thank Mainsail Partners for their steadfast support since their initial investment in 2017.”

Louis Kinsella, Partner at Hg, said: “It’s been a pleasure working with Renaat and the GTreasury team over the last couple of years. The business has firmly cemented its position as the most adaptable treasury platform on the market, evidenced by its accelerating growth, increasingly transatlantic footprint, and exciting product innovations, including the recent launch of GSmart AI. I have no doubt the GTreasury team will continue to thrive in this exciting new chapter.”

Goldman Sachs & Co. LLC is serving as exclusive financial advisor to GTreasury; Morrison & Foerster LLP is serving as legal counsel to GTreasury. EY-Parthenon is also serving as an advisor to GTreasury.

For further information, please contact:

Hg
Tom Eckersley, tom.eckersley@hgcapital.com
Sam Ferris, sam.ferris@hgcapital.com

GTreasury
Travis Arthur, tarthur@gtreasury.com

Mainsail Partners
Kristy DelMuto, kristy@mainsailpartners.com

About Hg

Hg is a leading investor in European and transatlantic software and services businesses. We help to build sector-leading enterprises that supply critical software 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 provide compelling support to entrepreneurial leaders looking to scale enduring businesses.

With a vast European network and strong presence across North America, Hg has approximately $100 billion in assets under management and more than 400 employees. Our portfolio spans more than 50 companies worth over $180 billion in aggregate enterprise value, employing more than 125,000 people and consistently growing revenues at more than 20% annually.

About GTreasury

GTreasury provides CFOs and Treasurers with The Clarity to Act on strategic financial decisions with the world’s most adaptable treasury platform, empowering them to face the challenges of today and tomorrow. Because each company faces different points of complexity and needs, our industry-leading solutions are purposefully designed, and amplified by GSmart AI, to support every stage of treasury complexity, from Liquidity Management and Cash Forecasting to Payments, Risk, and Netting. With GTreasury, financial leaders gain comprehensive connectivity across all banks and ERPs to build an orchestrated data environment, enabling rapid value realization with implementations up and running in weeks. Plus, our unmatched industry expertise ensures clients’ continued success through dedicated guidance and top-tier support. Trusted by over 1,000 customers across 160 countries, GTreasury provides treasury and finance teams with the ability to connect, compile, and manage mission-critical data to optimize cash flows and capital structures.

About Mainsail Partners:

Mainsail Partners is a growth equity firm that invests in bootstrapped B2B software companies to help them grow into market leaders. Our team is purpose-built to include experienced investors and software operators who help founders build great teams, develop industry-leading products, design data-driven and scalable infrastructure, harness the power of AI to drive productivity and innovation, and grow market share. Mainsail’s hands-on support and best practices are delivered through a collaborative approach that respects founder-led cultures and helps build on each company’s commitment to its people and customers. With offices in Austin and San Francisco, Mainsail Partners has raised nearly $4 billion in committed capital and partnered with 100+ companies over the last 22+ years. For more information, visit www.mainsailpartners.com.

Categories: News

Tags:

EQT Foundation invests in surgical tech company, Syngular Technology

eqt

Syngular Technology Team

EQT Foundation invests in Syngular Technology, a Hong Kong-based healthtech company developing an AI and AR powered surgical guidance platform.

Syngular’s solution merges extended reality, game technology and artificial intelligence to improve surgical precision and reduce operating time and cost.

The investment will support the team in expanding their product reach across Hong Kong and building capacity to meet growing clinical demand.

The winner of the EQT Impact Challenge in Hong Kong, Syngular has received a €100k investment from EQT Foundation via a SAFE. Syngular’s platform combines real-time augmented reality overlays with AI-automated anatomical segmentation and digital twin generation, giving surgeons spatial guidance directly in the operating room. This reduces preparation time and enhances surgical accuracy, especially valuable in resource-constrained settings where access to advanced surgical tools is limited.

A key issue in many hospitals today is the lack of real-time navigational support during surgery. Surgeons rely on memory, 2D imaging, and experience to guide high-risk procedures, leading to longer operations, higher complication rates, and increased costs. Syngular addresses this by enabling fully immersive, spatially aware surgical planning and guidance. Their system has already been used in 80+ real patient cases, including a pilot with the Hong Kong Hospital Authority.

The founding team brings experience across medical imaging, 3D modeling, and interactive game development, with backgrounds at companies including Medtronic, Riot Games, Nvidia, EA, and Oracle. Syngular is currently scaling through medical education partnerships and B2B channels, with a focus on the Hong Kong healthcare system and plans for regional growth.

Cilia Holmes Indahl, CEO EQT Foundation: “Syngular Technology stands out for translating cutting-edge technology into something practical, intuitive, and urgently needed in operating rooms. Their approach brings a fresh perspective to surgical innovation, and we’re proud to support a team so clearly focused on improving patient outcomes at scale.”

Louis Sze, CEO & Co-Founder, Syngular Technology: “Our purpose is to transform how people learn and work through the fusion of AI and XR.”

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.

EQT Foundation LinkedIn

About Syngular Technology

Hong Kong Syngular Technology Limited is an innovative MedTech startup committed to advancing surgical precision and patient safety through cutting-edge AI and Extended Reality (XR) solutions. Our proprietary platform enables automated, patient-specific medical image modeling and XR based surgical navigation. By leveraging the convergence of advanced AI medical image processing, spatial computing, and advanced game technology, we deliver immersive, AAA-grade experiences that enhance the accuracy, speed, and safety of surgical procedures. Our technology is designed to be accessible to less technical users and offers a cost-effective alternative to traditional surgical robotic systems, aiming to democratize advanced surgical capabilities and improve healthcare outcomes worldwide.

Website

Categories: News

Tags:

CapMan Residential Fund awarded Global Sector Leader by GRESB in 2025

Capman

CapMan Residential Fund awarded Global Sector Leader by GRESB in 2025

CapMan Residential Fund has been recognised as a global and regional leader in GRESB, the leading sustainability benchmark for real assets. The fund achieved top rankings in the 2025 GRESB Real Estate Assessment, highlighting its outstanding sustainability management and operational excellence in the residential sector.

CapMan Residential Fund was awarded the following achievements in the Residential category under the standing investments benchmark:

  • Global Sector Leader
  • Global Sector Leader – Non-listed
  • Regional Sector Leader Europe, and
  • Regional Sector Leader Europe – Non-listed.

In addition, the fund was cited as a Top Performer in the inaugural GRESB Real Estate Residential Assessment, earning the following distinctions:

  • Residential Global Top Performer
  • Residential Global Top Performer – Non-listed
  • Residential Regional Top Performer, Europe, and
  • Residential Regional Top Performer, Europe – Non-listed.

GRESB Sector Leaders represent the best performers by sector and region across the GRESB Assessments, which benchmark the sustainability management and performance of real assets globally. The 2025 assessment saw participation from over 1,000 fund managers, with 239 entities taking part in the new Residential Component. GRESB data is widely used by capital providers and asset managers to benchmark investments and inform sustainable investment strategies.

CapMan Residential Fund has consistently improved its GRESB score in the standing investments benchmark from 74/100 points in 2022 to 84/100p in 2024 and now to 94/100p in 2025. The most recent improvement was mainly due to enhanced data coverage and additional green building certifications.

“Being recognised as a Sector Leader and Top Performer by GRESB is a testament to the consistent and collaborative work of our team and partners in integrating sustainability into our residential strategy and exploring new ways of collecting data,” said Anna Rannisto, Sustainability Director at CapMan Real Estate. “This recognition reflects the results-oriented approach of the fund and our commitment to continuously improving sustainability practices.”

Sebastien Roussotte, CEO of GRESB, added, “GRESB Sector Leaders exemplify success in action. They set the pace for the industry, translating strong governance and operational excellence into real-world performance and long-term value.”

For more information, please contact:

Anna Rannisto, Sustainability Director at CapMan Real Estate, tel. +358 40 6266 383

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 6.5 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. Learn more at www.capman.com.

About GRESB

GRESB is a mission-driven and industry-led organization providing standardized and validated Environmental, Social and Governance (ESG) data to financial markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by institutional and financial investors to inform decision-making. GRESB standards are governed by the independent, not-for-profit GRESB Foundation, while ESG assessments are managed by GRESB BV, a benefit corporation. For more information, visit GRESB.com.

Categories: News

Tags:

Ardian acquires stake in JPB Système, a leading provider of innovative solutions for the aerospace sector and Industry 4.0.

Ardian

With this primary transaction, Ardian’s Growth team is partnering with Damien Marc and the key managers of JPB Système to accelerate the group’s international growth and support its innovation strategy.

JPB Système, a leading French industrial player specializing in the design of self-locking fastening solutions for aircraft engines, welcomes Ardian, a world-leading private investment firm, as a minority shareholder.

Founded in 1995 and led by Damien Marc, who succeeded his father in 2005, JPB Système has established itself as a strategic partner to major global engine manufacturers (including Pratt & Whitney, Safran, GE and Rolls-Royce), thanks to its portfolio of patented products, recognized industrial excellence, and strong capacity for innovation. The group, headquartered in Seine et Marne, generates over 90% of its revenue internationally and employs nearly 200 people.

This transaction marks a major new milestone in the group’s growth, aiming to accelerate its international expansion, strengthen its innovation capabilities, and support its role as a key player in the industry of the future.

The partnership is designed to consolidate JPB Système’s leadership in its core markets and support the company’s entry into new segments through a sustained innovation policy and close customer relationships based on a deep understanding of their needs.

Ardian will leverage the strength of its international network and its expertise in supporting high-growth companies to help drive the group’s technological and organizational development.

Ardian also intends to support the commercial and technological development of JPB Système’s innovations, notably Keyprod, a hardware and software solution for real-time machine performance monitoring, and Boltrakk, a fastening monitoring system aimed at new aerospace and industrial markets. These solutions fully embody the group’s innovative DNA and will open up new avenues for growth.

“Ardian’s minority investment in our capital marks a major milestone in the history of JPB Système. This partnership will accelerate our international development and strengthen our innovation capabilities in the fields of aerospace and Industry 4.0. We are honored to join forces with Ardian, a world-class investment firm, as we pursue our ambition to reinforce French industrial excellence and push the boundaries of innovation on a global scale.” Damien Marc, CEO, JBP Système

“JPB Système embodies French industrial excellence and innovation in service of the global aerospace industry. We have been impressed by Damien Marc’s vision and the quality of the JPB Système team. We are proud to support JPB Système in achieving its ambitions by leveraging all of Ardian’s human, sector-specific, and international resources.” Alexis Saada, Head of Growth & Senior Managing Director, Ardian

“We are convinced that innovation and growth are essential drivers of sustainable value creation. This investment in JPB Système perfectly illustrates our commitment to supporting companies that place technology, excellence, and agility at the heart of their development.” Romain Chiudini, Managing Director Growth, Ardian

List of participants

  • ARDIAN

    • Ardian (Growth): Alexis Saada, Romain Chiudini, Florian Dupont, Solène Hamouda
    • Legal: McDermott Will & Schulte (Diana Hund, Herschel Guez, Auriane Tournay, Benoît Maïto, Côme de Saint-Vincent, Louisiana Lungu, Naré Arshakyan, Charles de Raignac, Emie Paganon, Mai Matsubara, Sabine Nauges, Yves-Emmanuel Le Roux)
    • Financial: Eight Advisory (Christophe Delas, William Jarraud, Paul Mathonnat)
    • Strategic: Strategy& (Xavier Monin, Thierry Calatayut, Léo Lengelé)

  • JPB SYSTEME

    • Management : Damien Marc, Emmanuel Bordry
    • M&A and Financing : Alantra (Olivier Guignon, Florian Touchard, Noémie Curmi, Julien Bordier-Lorenzi, Simon Berta, Jules Dormoy)
    • Legal : Hogan Lovells (Matthieu Grollemund, Pierre-Marie Boya, Eliott Fourcade, Paul de Boishebert, Cassandre Porges, Lucas Glicenstein, Alexis Caminel, Elise Criez)
    • Financial : Eight Advisory (Stéphane Vanbergue, Mehdi Laghmiri, Arnaud Lassiaz, Pierre Rochard)

ABOUT JPB SYSTÈME

JPB Système designs, develops, and manufactures patented self-locking fastening solutions and connected monitoring technologies dedicated to the aerospace sector and Industry 4.0. Its innovations secure critical assemblies, reduce maintenance costs and downtime, and contribute to the sustainable performance of aircraft engines.
Based in Villaroche, near Paris, and employing nearly 200 people, the company generates over 90% of its revenue from exports, and works with the world’s leading engine manufacturers, including Safran, Pratt & Whitney, GE, Rolls-Royce, and ITP Aero. Recognized as an “Industry of the Future Showcase,” JPB Système is a member of GIFAS, French Fab, and Bpifrance Excellence.
A pioneer in integrating digital technologies at the heart of industrial production, JPB Système also develops Keyprod, a hardware and software solution for real-time machine performance monitoring, and Boltrakk, an innovative system for monitoring the tightening of fasteners. These innovations reflect the group’s commitment to paving the way for a smarter, more connected, and more efficient industry.

JPB Système

About Ardian

Ardian is one of the world’s leading private investment houses, with $192 billion in assets managed or advised on behalf of more than 1,860 clients worldwide. Leveraging our expertise in Private Equity, Real Assets, and Credit, we offer our clients a broad range of investment opportunities and have the agility to meet their needs, which is one of our defining characteristics. Ardian Customized Solutions builds tailor-made investment portfolios, develops specific investment strategies adapted to each client’s needs, and provides access to funds managed by leading partners. Private Wealth Solutions offers dedicated services and access solutions for private banks, wealth managers, and institutional private investors around the world.
With Ardian employees representing a majority of the shareholding, Ardian places particular importance on talent development and values a collaborative culture based on collective intelligence. Spread across 20 offices in Europe, the Americas, Asia, and the Middle East, our 1,050+ employees are fully committed to generating superior returns through responsible investment strategies and in compliance with the highest ethical and social responsibility standards. At Ardian, we are fully dedicated to building sustainable businesses.

ardian.com

Media contacts

JPB SYSTÈME

INCUS MEDIA

jpb@incus-media.com 

Ardian

Image 7

ardian@image7.fr 

Categories: News

Tags:

Kebek Invests in Janzen

Kebek

JANZEN, the leading Dutch home and body lifestyle brand, is joining forces with KeBeK Private Equity as a strategic partner and majority shareholder, as well as with &C Media and Chantal Janzen as key ambassador, to strengthen its leadership in the Netherlands and accelerate international growth in Belgium and Germany. Oisterwijk

(The Netherlands), 20 October 2025 KeBeK Private Equity acquired a majority stake in JANZEN. Founder Gertjan Schot and CEO Ivo van Ierland remain on board. At the same time, the collaboration with &C Media is strengthened and a new partnership with Chantal Janzen as key ambassador has been concluded. Chantal Janzen is also becoming shareholder of the company.

JANZEN is a Netherlands-based affordable luxury brand offering home and body products to consumers mainly via a B2B network of 1,000+ specialised retailers (ex: Douglas, PourVous, DA, Etos). Additional sales are realised in corporate gifting, e-commerce channels and a flagship store in Den Bosch.

The company was founded in 2010 by Gertjan Schot (CEO until 2022), as a local offline brand offering home fragrances, and has since developed into a well-known omni-channel brand in The Netherlands. JANZEN became also active in Belgium in 2021and in Germany in 2022. Chantal Janzen Its branded portfolio comprises over 220 SKUs over 3 categories being home and body products, and gift sets, across 15 fragrance collections (including a For Men collection since 2023). The product portfolio includes amongst others shower foams and gels, hand care products, scrubs, deodorants, and body lotions and creams, as well as fragrance sticks and candles.

The Company has strong commitments to sustainability through eco-friendly sourcing, production free from microplastics, biodegradable packaging. The various products contain no parabens, silicones, or mineral oils and are not tested on animals. JANZEN operates from Oisterwijk. 10 kilometres north of Tilburg, with about 33 employees.

Led by CEO Ivo van Ierland since 2022, JANZEN realised strong (double-digit) growth in the recent years, benefiting from initiatives in product development, widening sales channels, internationalisation plans and innovative marketing. With this new partnership, JANZEN aims to accelerate its growth ambitions. In The Netherlands, focus will remain on reaching more consumers via a qualitative widened B2B retailers’ channel. In addition, management targets to build a repeatable B2B corporate gifting offer and to leverage full D2C (direct-to-consumer) potential in e-commerce. International growth will focus on expansion in Germany and in Belgium. Product development and innovation will stay at the centre of the commercial growth strategy. At the same time, JANZEN is intensifying its collaboration with &C Media and Chantal Janzen. Chantal Janzen will act as key ambassador for the JANZEN brand and play an important role in contributing to the collections and brand visibility.

More information about JANZEN: www.janzen.com or JANZEN Instagram.

JANZEN is the second investment of the KeBeK IV fund, which is currently in fundraising for a target fund size of €75m. JANZEN shareholders Gertjan Schot and Ivo van Ierland were assisted by Nielen Schuman (M&A advisor), Vriman (legal advisor) and Alvarez & Marsal (financial and tax advisor) in this transaction. KeBeK Private Equity was assisted by LDS Advisory (strategic advisor), De Metz (legal advisor) and BDO (financial and tax advisor) in this investment.

Ivo van Ierland, CEO at JANZEN: “We are very pleased and proud with this new strategic partnership together with KeBeK and Chantal Janzen. I am convinced that we will accelerate our growth ambitions by strong new product development, even more impactful marketing campaigns and intensifying our strategic wholesale partnerships. Our aim is strengthening our position in The Netherlands and strongly building the brand and its visibility in Germany and Belgium. Next to this, our D2C channels will get a more prominent priority going forward. Very exciting JANZEN times!”

Gertjan Schot, founder of JANZEN: “I am very proud that JANZEN has partnered with KeBeK and Chantal Janzen. We have found a partner in KeBeK who aligns with JANZEN’s culture in which JANZEN has given all freedom to follow the path to continue JANZEN’s growth. With great confidence I see JANZEN’s future is secured and that Ivo, together with the entire team, will lead JANZEN to become a key player in the European home & body Lifestyle market.

” Chantal Janzen, founder of &C Media: “Our partnership with JANZEN and &C Media has been very successful for many years now. This partnership will open up new possibilities and include my personal involvement in product development and promotion. I’m very excited to be part of this and reach more people with this beautiful home & body lifestyle brand!”

Gert Van Huffel, Floris Vansina, Edouard Verhoustraeten of KeBeK Private Equity: “We are very impressed with JANZEN’s growth trajectory and development over the last years. JANZEN boasts a strong brand identity and an established and complementary sales network, with satisfied consumers. With Gertjan, Ivo, Chantal and the dedicated JANZEN team, we aim to further develop and expand the activities of JANZEN.”

For more information:

About JANZEN – www.janzen.com – JANZEN Instagram

Contact: Ivo van Ierland (ivo.vanierland@janzen.com) or Gertjan Schot (gertjan@janzen.com)

About &C Media and Chantal Janzen – www.andc.tv – &C Media – Chantal Janzen Instagram &C Media is a Dutch media brand founded by Chantal Janzen and her husband Marco Geeratz.

The company was founded in 2017 and has since been operating as an independent television producer and publisher of the magazine &C. Chantal Janzen is a Dutch actress, musical actress, presenter, singer and television producer who has appeared in musicals such as 42nd Street, Saturday Night Fever, Beauty and the Beast, Hij Gelooft in Mij and Tarzan. Since 2005, she has also presented various television programmes, including Beat the Champions and Oh, wat een jaar! In addition to being a presenter, she is a judge on Holland’s Got Talent. In 2017, Chantal launched &C Media.

About KeBeK Private Equity – www.kebek.be – KeBeK Private Equity Linkedin

Contact: Gert Van Huffel (gert.vanhuffel@kebek.be) or Floris Vansina (floris.vansina@kebek.be)

KeBeK Private Equity is an independent private equity firm investment. It was founded in 2012 by 4 Partners working now together for 20+ years since their time at KBC Private Equity.

We invest in healthy SMEs looking to grow to their next phase. Companies are based in the Benelux, often active in attractive niche segments, and have significant potential for value enhancement. We focus on partnerships with families and entrepreneurs in “primary” deals. Next to supporting companies, transactions with KeBeK are often a solution for transition of capital and management, and an attractive alternative to keep independence.

When supporting companies and management teams, we focus on value creation strategies combining (i) organic growth, (ii) reinforcement of organization and processes, and (iii) buyand-build or consolidation plays. With around 30 acquisitions executed and over 30 add-ons realised since 2012, KeBeK has a demonstrated track-record of investing and creating (operational) value for its portfolio companies.

KeBeK is backed by a broad investor base, consisting of Belgian, Dutch and international institutional investors, family offices and wealthy individuals being mainly entrepreneurs.

JANZEN is the second investment of the KeBeK IV fund, which is currently in fundraising for a target fund size of €75m. Previous investments of KeBeK funds include Flexfurn (flexible furniture to the event industry – 2024), Capenti – Schelstraete Delacourt (Executive search and interim management services – 2021), Borek (outdoor and garden furniture – 2020), Richa (motorcycle gear and accessories – 2018), among others.

 

Categories: News

Tags:

Peak Re Welcomes KKR and Quadrantis Capital as Minority Investors

No Comments
KKR

HONG KONG–(BUSINESS WIRE)– Peak Reinsurance Company Limited (“Peak Re” or the “Company”) and KKR, a leading global investment firm, today announced that funds managed by KKR and Quadrantis Capital have entered into definitive agreements to acquire minority stakes in Peak Re via Peak Reinsurance Holdings Limited.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251020924186/en/

Upon completion, KKR and Quadrantis Capital are expected to hold approximately 11.27% and approximately 1.80% of Peak Re’s issued share capital, respectively, with the remaining approximately 86.71% continuing to be held by the majority shareholder, Fosun International Limited. Prudential Financial, Inc. (“Prudential”), which indirectly held an approximate 13.07% minority stake, has divested its stake in Peak Re following the signing of definitive agreements by funds managed by KKR and Quadrantis Capital.

This strategic partnership will reinforce Peak Re’s commitment to serving its global clientele, underpinned by strong ring-fencing arrangements and robust corporate governance standards, and is not anticipated to affect the Company’s financial stability, operations, leadership, or ratings.

“Peak Re was established to support the growth and resilience of economies and communities in emerging markets across Asia and beyond,” remarked Franz-Josef Hahn, Chief Executive Officer of Peak Re. “With KKR and Quadrantis Capital joining as new investors, we are further strengthening the platform that enables Peak Re to innovate, serve clients with excellence, and pursue quality growth globally. We would also like to thank Prudential for their support as a valued minority shareholder and partner over the years.”

Bing Gu, Managing Director at KKR, said, “As Asia emerges as a global growth engine for insurance and reinsurance, Peak Re is well-positioned to meet the needs of global clients with its established regional platform, disciplined underwriting approach, and strong governance. We look forward to drawing from our global network and experience in insurance and reinsurance, as well as operational expertise to strengthen Peak Re’s leading position in the region.”

“Quadrantis Capital is delighted to join Peak Re as a minority investor,” stated João Rafael Koehler, Managing Partner at Quadrantis Capital. “We are committed to constructive, value-driven partnerships.”

The investments by KKR and Quadrantis Capital into Peak Re are expected to close in Q4 of 2025, subject to customary closing conditions including regulatory approvals.

About Peak Re

Peak Reinsurance Company Limited (“Peak Re” or the “Company”) is an emerging market reinsurance specialist with a global portfolio. Established to support the growth and stability of societies and communities in Asia and beyond. Established in 2012, Peak Re has grown rapidly to rank 27th among global reinsurance groups in terms of net reinsurance premiums written1, with a strong commitment to innovation and delivering value to our partners. With a financial strength rating of A- (Excellent) by A.M. Best and a strong capital base, Peak Re is a trusted partner for clients across Asia Pacific, Europe, the Middle East and the Americas.

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 Quadrantis Capital

Quadrantis Capital is a Portuguese investment management firm specializing in private equity and venture capital. The firm manages multiple investment funds with a focus on diversified, risk aware strategies and long term value creation. For more information, visit Quadrantis – Quadrantis Capital

1 S&P Global Ratings’ Top 40 Global Reinsurers In 2024 And Reinsurers By Country; 2025, S&P Global, 2024

Media and investor contacts

For Peak Re:
Media: Zoe Wang – zoe.wang@peak-re.com
Investors: Jackie Wong – jackie.wong@peak-re.com

For KKR:
Wei Jun Ong – weijun.ong@kkr.com

Source: KKR

 

Download PDF

Categories: News

Tags:

AEA Private Debt Closes $550 Million Credit Continuation Vehicle, Led by Carlyle AlpInvest

Carlyle

New York, NY – October 20, 2025 – AEA Private Debt, AEA Investors’ (“AEA”) private credit platform, and Carlyle AlpInvest, a leading global private equity investor, today announced the successful closing of an approximately $550 million credit continuation vehicle. The transaction was led by Carlyle AlpInvest, who is also providing additional capital to support new loans originated by AEA Private Debt.

The continuation vehicle was established to acquire a diversified, income-generating portfolio of first-lien senior secured loans from AEA Private Debt’s 2016 vintage direct lending fund – AEA Middle Market Debt Fund III – primarily consisting of loans to sponsor-backed U.S. middle market companies. Further enhancing long-term alignment between AEA Private Debt and its LPs, the vehicle provided existing investors with an attractive liquidity option or the opportunity to reinvest in a high-quality pool of private credit assets that will continue to be managed by a proven, deeply experienced team. Building on the existing relationship between Carlyle AlpInvest and AEA, the transaction also underscores Carlyle AlpInvest’s leadership in credit secondaries and validates AEA Private Debt’s differentiated origination and underwriting capabilities.

“This transaction underscores our commitment to delivering strong outcomes and innovative liquidity solutions for our investors,” said Alexandra Jung, Partner and Head of AEA Private Debt. “Our partnership with AlpInvest is a testament to our cycle-tested approach and reflects the strategic growth of AEA’s private debt business. With this continuation fund, we are further bolstering our ability to support leading middle market companies and sponsors while expanding the reach of the AEA Private Debt platform for the long term.”

“This transaction reflects the strength of AEA Private Debt’s portfolio and their partnerships with many of the best private equity sponsors. With significant overlap between AEA Private Debt’s relationships and Carlyle AlpInvest’s long history of investing alongside leading sponsors, this transaction highlights the strong alignment between our organizations,” said Mike Hacker, Partner and Global Head of Portfolio Finance, Carlyle AlpInvest. “We are proud to establish this partnership with AEA and support the continued growth of their private debt platform.”

“Carlyle AlpInvest has a long history of delivering innovative and LP-friendly solutions to GPs across private equity and private credit. The growth of our Secondaries & Portfolio Finance platform continues to strengthen our ability to build impactful and differentiated partnerships with credit managers like AEA Private Debt,” said Stefan Singer, Managing Director on Carlyle AlpInvest’s Portfolio Finance Team.

PJT Partners LP served as financial adviser on the transaction. Simpson Thacher & Bartlett LLP acted as legal counsel for AEA Private Debt. Ropes & Gray LLP acted as legal counsel for Carlyle AlpInvest. Wells Fargo provided certain financing for the transaction.

###

About AEA Investors
AEA Investors (“AEA”) was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives, and leaders, many of whom invest with AEA as active individual investors, join its portfolio company boards, or act in other advisory roles. Today, AEA’s over 120 investment professionals operate globally with offices in New York, Stamford, Jacksonville, San Francisco, London, Munich, and Shanghai. The firm manages funds that have approximately $18 billion of invested and committed capital including the leveraged buyouts of middle market and small business companies, growth equity, and private debt investments.

AEA Private Debt makes senior debt, unitranche, junior debt, and equity co-investments in leading middle market companies across a broad range of industries and end markets. AEA Private Debt’s team of experienced professionals partners with private equity firms, family offices, and entrepreneur-backed companies to provide financing solutions in support of leveraged buyouts, recapitalizations, add-on acquisitions, refinancings, and other similar capital needs. Since inception in 2005, AEA Private Debt has invested over $8.5 billion across more than 425 transactions.

For more information, visit www.aeainvestors.com.

About Carlyle AlpInvest
Carlyle AlpInvest is a leading global private equity investor with $97 billion of assets under management and more than 600 investors as of June 30, 2025. It has invested with over 380 private equity managers and committed over $100 billion across primary commitments to private equity funds, secondary transactions, portfolio financings, and co-investments. AlpInvest employs more than 230 people in New York, Amsterdam, Hong Kong, London, and Singapore. For more information, please visit www.carlylealpinvest.com.

Media Contacts

AEA Investors:
Kaitlin Bilby
+1 212-845-4307
Media@aeainvestors.com

 

Carlyle:
Kristen Ashton
+1 212-813-4763
Kristen.ashton@carlyle.com

 

Categories: News

Tags:

Blackstone Charitable Foundation Awards $3 Million to Launch Blackstone Skilled Futures

Blackstone

Expanding Trades Opportunities in Arizona

Phoenix, AZ and New York, NY – The Blackstone Charitable Foundation has awarded a $3 million grant to launch Blackstone Skilled Futures in partnership with Arizona State University, Maricopa Community Colleges and local nonprofits. The program aims to increase access to high-quality training and workforce development, focusing on construction and advanced manufacturing in the Phoenix area.

Blackstone Skilled Futures will support students in need, along with capacity building for training institutions and other wraparound support to ensure learners can get the education, certifications, and employment in these fields.

The initiative will also support high school students with career-connected programming, creating workforce pipelines into post-secondary training and industry credentials in high-wage, high-demand, and high-skill jobs in the skilled trades.

Arizona’s rapid growth in electric vehicles, AI, energy infrastructure and semiconductors is fueling a construction and advanced manufacturing boom. The Arizona Office of Economic Opportunity projects 37,000 new construction jobs will be added in Arizona by 2031, including 13,000 electricians and 3,000 HVACR (heating, ventilation, air conditioning and refrigeration) technicians. Job demand in advanced manufacturing parallels this trend, with the state expecting to add over 30,000 jobs by 2033.

“It’s getting harder and harder for people to find good-paying, stable jobs without a college degree, but this investment helps change that,” said Senator Ruben Gallego. “By preparing Arizona students for careers in high-demand fields like construction, manufacturing and energy, we can strengthen our local businesses, keep our state competitive, and help more people build their careers and families in Arizona.”

Blackstone Skilled Futures plans to:

  • Award scholarships to 4,000 students
  • Introduce skilled trades to 3,500 new students
  • Enroll 5,000 students in training or apprenticeships
  • Support 1,000 job placements

The program will provide scholarships, dual-enrollment credits, OSHA training, recruitment tools and connections to employers. ASU’s Academic Alliances, in partnership with the OSHA Training Institute at ASU’s Del E. Webb School of Construction and Maricopa Community Colleges, will expand training and certificate programs.

“The demand for skilled trades is growing and these careers are the backbone of a thriving Arizona community. The Blackstone Charitable Foundation is committed to opening doors for individuals to gain the training, tools and opportunities they need to succeed. By investing in skilled trades, we’re not just helping to meet today’s demand, we’re supporting a stronger future for the city and the people who call it home,” said Maura Pally, executive director of the Blackstone Charitable Foundation.

“ASU is honored to work closely on this grant with the Blackstone Charitable Foundation and the Maricopa Community Colleges, one of the university’s most valued community college partners,” said Nancy Gonzales, executive vice president and university provost. “We share a mission of student excellence, access and impact and this collaboration is a direct reflection of ASU’s commitment to transfer student success.”

The colleges and university will collaborate with Center for the Future of Arizona (CFA), Greater Phoenix Chamber of Commerce, Phoenix Mayor’s Future Talent Fund and Maricopa County Regional School District to increase the number of students pursuing these skilled trades.

Center for the Future of Arizona will connect education and industry leaders to build seamless college and career pathways in high-demand sectors through the Arizona Pathways to Prosperity initiative. The organization will engage school districts, nonprofit organizations, municipalities, state agencies, companies and chambers of commerce – to recruit students and provide technical assistance and scholarships. CFA will continue collaborating with the Greater Phoenix Chamber Foundation to support employer outreach.

“Building the workforce of the future requires collaboration, innovation, and a deep commitment to creating opportunity through education and training,” said Sybil Francis, chair, president and CEO of Center for the Future of Arizona. “We are proud to join the Blackstone Charitable Foundation, ASU, and Maricopa Community Colleges in creating pathways that empower young people across Arizona to pursue rewarding, high-skill careers. Together, we’re providing all Arizonans with access to training and opportunities to help them thrive.”

At the same time, the Maricopa Community Colleges will lead localized engagement efforts, which include expanding scholarships for low-income students, securing industry partners to serve as hosts and training providers for apprenticeships, facilitating work-based learning and career support activities such as resume reviews and mock interviews, and convening industry advisory councils to inform curriculum updates and identify student engagement opportunities.

“Maricopa Community Colleges have a rich history of training skilled workers,” said Steven R. Gonzales, Maricopa Community Colleges chancellor. “As the largest provider of workforce training in Arizona, we are developing the next generation of skilled workers—who will undoubtedly play a critical role in supporting nearly every facet of our infrastructure.”

Collectively, the partners will reach a variety of populations who can benefit from these skilled trades opportunities, including high school students, community college students and working adults to rapidly scale access to high-wage, high-demand careers.

About Arizona State University
Arizona State University, ranked the No. 1 “Most Innovative School” in the nation by U.S. News & World Report for 11 years in succession, has forged the model for a New American University by operating on the principles that learning is a personal and original journey for each student; that they thrive on experience and that the process of discovery cannot be bound by traditional academic disciplines. Through innovation and a commitment to accessibility, ASU has drawn pioneering researchers to its faculty even as it expands opportunities for qualified students.

About Blackstone Charitable Foundation (BXCF)
With a commitment to fostering career and economic mobility, the Blackstone Charitable Foundation leverages its financial and human capital to support initiatives that bridge opportunity gaps and strengthen communities. Blackstone Skilled Futures is BXCF’s latest grant program, aiming to expand the next generation of skilled talent by reducing barriers and increasing access to high-quality training programs in the trades. BXCF has also funded the Phoenix talent pipeline through Blackstone LaunchPad, with over $1.5 million in grants to support ASU and MCCCD students in skill-building, career readiness and paid summer internships.

About Maricopa Community Colleges
The Maricopa County Community College District includes 10 individually accredited colleges – Chandler-Gilbert, Estrella Mountain, GateWay, Glendale, Mesa, Paradise Valley, Phoenix, Rio Salado, Scottsdale, and South Mountain – and the Maricopa Corporate College, serving approximately 140,000 students with bachelor’s degrees, two-year degrees, certificates, and university transfer programs. Visit www.maricopa.edu to learn more.

About Center for the Future of Arizona
Center for the Future of Arizona (CFA) is a nonprofit, nonpartisan “do-tank” that brings Arizonans together to create a stronger and brighter future for our state. Through its extensive survey research & communications, Arizona Progress Meters, and impact initiatives & programs in education, workforce, and civic health, CFA listens to Arizonans to learn what matters most to them, shares trusted data about how Arizona is doing in those priority areas, brings critical issues to public attention, and works with communities and leaders to solve public problems. CFA’s work is focused on building The Arizona We Want – a research-informed vision of success for the state, where all Arizonans, now and in the future, thrive and enjoy sustained prosperity, unmatched quality of life, and real opportunity.

Media Contact
Avery Didden
avery.didden@blackstone.com

Categories: News

Hop Lun Expands Global Manufacturing Capabilities With Strategic Acquisitions in Morocco

Platinum

Sketching | Platinum Equity

New plants will further diversify Hop Lun’s global supply chain

 Upon closing, the company will have completed three acquisitions this year and five since 2022

HONG KONG (October 17, 2025) – Hop Lun, one of the world’s largest designers and manufacturers of intimate apparel and swimwear, announced today the signing of definitive agreements for two acquisitions that will create a new manufacturing platform for the company in Morocco. The deals are subject to customary closing conditions and are expected to be completed during the fourth quarter of 2025.

The agreements include:

  • The acquisition of Tobago, a Morocco-based premium manufacturer of corsetry, lingerie, and swimwear that primarily supplies French and other European manufacturers who serve global customer bases. The company operates a 3,000 square-meter facility in Casablanca that produces approximately 1 million pieces per year. Established in 1996, Tobago’s founders have committed to staying on to assist with the transition and integration process.
  • The acquisition of the Chantelle Group’s Morrocco operations, comprising its Famaco and Atma manufacturing facilities, which currently produce ~1.4 million pieces per year. Founded in 1876 and headquartered in Paris, Chantelle is one of the most established luxury lingerie brands in the world. Chantelle will remain a customer of Hop Lun post close.

Combined, the addition of the three manufacturing facilities in Morocco will add approximately 800 skilled employees to Hop Lun’s global team. The combination of these two Moroccan businesses creates a unified platform that delivers scale, infrastructure, local leadership, credibility, and customer access.

“We have great respect for both of these businesses and their owners. We believe Morocco offers compelling advantages for Hop Lun’s customers in Europe, including high-quality production capabilities, a skilled workforce, and faster replenishment cycles.”

Jacob Kotzubei, Co-President and Matthew Louie, Managing Director, Platinum Equity

In the upcoming weeks, Hop Lun will begin collaborating with future colleagues and partners to ensure a smooth and effective transition. The transactions are expected to close by year-end and mark another critical milestone in Hop Lun’s continued international growth.

Based in Hong Kong, Hop Lun, a portfolio company of Platinum Equity, currently employs more than 30,000 people and has manufacturing operations in Bangladesh, China and Indonesia. The company produces products for many of the world’s largest global retailers as well as for its own in-house brands.

Erik Ryd, Executive Chairman of Hop Lun, said:

“We are thrilled to welcome the Moroccan teams into the Hop Lun family. This acquisition reflects our belief in the strength and potential of the local workforce, and our excitement about the opportunities ahead. Morocco offers a dynamic platform for growth, and we’re committed to investing in its future.

This acquisition follows three successful integrations across diverse geographies and cultures, reinforcing Hop Lun’s ability to navigate transitions with care, respect, and long-term vision. I’ve seen firsthand how our teams come together across borders to create something stronger and I’m confident we’ll do the same in Morocco.”

Platinum Equity Co-President Jacob Kotzubei and Managing Director Matthew Louie said in a joint statement:

“We have great respect for both of these businesses and their owners. We believe Morocco offers compelling advantages for Hop Lun’s customers in Europe, including high-quality production capabilities, a skilled workforce, and faster replenishment cycles. We are proud to support Hop Lun’s continued growth and diversification and will continue working with Erik and the company’s leadership team to pursue additional opportunities to grow both organically and through strategic M&A.”

The two Moroccan transactions will represent the fourth and fifth acquisitions Hop Lun has completed since Platinum Equity acquired the business in 2022.

Earlier this year Hop Lun acquired Lintas, expanding the company’s manufacturing footprint in Bangladesh and strengthening its ability to serve the European market.

In 2024, Hop Lun acquired PH Garment, which added three manufacturing facilities in Bangladesh and China and expanded Hop Lun’s capabilities producing bonded products.

In December 2023 Hop Lun acquired Rainbow West Apparel, a Los Angeles-based company with roots in both swimwear and outerwear.

About Hop Lun

Founded in 1992, Hop Lun is a leading global manufacturer of women’s intimate apparel, with operations across Asia, Europe, and the Americas. The company is known for its customer-centric approach, innovative design, and commitment to ethical and inclusive manufacturing.

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 28 years Platinum Equity has completed more than 500 acquisitions.

Categories: News

Tags:

2Connect has signed an agreement to acquire rmw Kabelsysteme, a leading German manufacturer of specialty cable- and electromechanical assemblies a.o. for the Aerospace, Defense and MedTech market

Rivean

Waalwijk – Netherlands-based 2Connect, a global leader in high-mix, low-volume customer-specific interconnectivity solutions for mission-critical applications, is pleased to announce that it (through its wholly owned subsidiary Büschel Connecting Systems GmbH) has entered into a definitive agreement to acquire rmw Kabelsysteme (“rmw”), a prominent German manufacturer specializing in high-mix, low-volume cable- and electromechanical assemblies (incl. box-builds) for a.o. the Aerospace, Defense, and MedTech sectors. The completion of the transaction is still subject to approval by competent authorities.

By joining forces with rmw, 2Connect will significantly broaden its footprint in Germany, gain access to a portfolio of highly attractive blue-chip OEM customers, and enhance its production capabilities with rmw’s advanced and certified manufacturing expertise.
This strategic acquisition represents a major milestone in 2Connect’s international expansion strategy. Following previous acquisitions in both Germany and the United States, as well as the expansion of production facilities in Romania and sourcing operations in South-East Asia, 2Connect now truly has a global production set-up able to serve its customers ‘in the region, for the region’ by combining customer proximity and fast time-to-market with broad local production capabilities.

2Connect places great importance on the strong company culture that has propelled rmw’s success over the years—a culture that aligns closely with 2Connect’s own values and operational DNA. Together, the companies are well-positioned to deliver even greater value to their customers through complementary strengths and shared commitment to quality and innovation.

Mark van den Heuvel, CEO 2Connect: “We are thrilled to welcome rmw to the 2Connect family. rmw’s reputation for quality, precision, and customer focus makes it an ideal partner for us. This acquisition not only strengthens our position in Germany but also enhances our ability to serve critical industries with highly specialized solutions. We look forward to working closely with the rmw team to build on their success and drive innovation together.”

Ralf Böhm, Managing Director rmw: “We are excited to join forces with 2Connect. From the very beginning, it was clear that we share a strong cultural alignment and a common commitment to quality, innovation, and customer satisfaction. Becoming part of 2Connect opens up new opportunities for our team and our customers, and we look forward to working together to shape the future of interconnectivity solutions.”

About 2Connect
2Connect designs, develops and produces innovative and customer-specific interconnection solutions for original equipment manufacturers (“OEMs”) and original design manufacturers (“ODMs”) in high-mix, low-volume end markets globally. Founded in 2000, the Company prides itself on setting new standards for interconnection solutions by designing high-quality and cost-effective units in partnership with its long-term client base. 2Connect employs c. 600 people across its locations in the Netherlands, Germany, Romania, the United States and Hong Kong. 2Connect’s products are sold to customers in over 45 countries. For more info, please visit: https://www.2-connect.com/.

About rmw
rmw Kabelsysteme GmbH spun out from Carl Zeiss Jena in 1991 and has grown to almost 200 employees that aim to create modern interconnectivity solutions. Electromechanics, mechatronics, toolmakers, engineers and many other committed people make rmw an innovative and reliable partner for renowned customers, benefitting from deep know-how and experience. For more info, please visit https://rmw.de/en/home

Categories: News

Tags: