Category Archives: News

Sale Of Shares In Netel Holding AB

IK Partners

Cinnamon International S.à r.l. (whose majority shareholder is the IK VII Fund) (“IK Partners”) has successfully completed the sale of 22,641,829 ordinary shares in Netel Holding AB (publ), equal to approximately 46.7 percent of the share capital and votes of Netel, at a price of SEK 8.50 per share.

The shares were sold to a broad group of investors, including among others Etemad Group AB, Netel’s CEO and President Jeanette Reuterskiöld and CFO Fredrik Helenius. Other investors participating in the sale include, among others, TAMT AB, Stefan Lindblad, S- bolagen AB, Santhe Dahl Invest AB, Bernt Ivarsson and Cicero Fonder.

“We would like to thank IK Partners for their support during Netel’s growth journey,” says Alireza Etemad, Chairperson of Netel. “I am pleased to see strong commitment and trust from Board members, management, as well as new and existing shareholders for the future of Netel. We look forward to supporting Netel as it continues to deliver on its strategy as a leading specialist in critical infrastructure in Northern Europe.”

Following the sale, IK Partners no longer holds any shares in Netel.

Polar Advisory acted as Sole Manager and Bookrunner in the sale.

Contacts

Jeanette Reuterskiöld, President and CEO, +46 (0) 702 28 03 89, jeanette.reuterskiold@netel.se
Fredrik Helenius, CFO, +46 (0) 730 85 52 86, fredrik.helenius@netel.se
Åse Lindskog, IR, +46 (0) 730 24 48 72, ase.lindskog@netelgroup.com

About Netel

With 25 years of experience, Netel is a leader in the development and maintenance of critical infrastructure within Infraservices, Power and Telecom in Northern Europe. We are involved in the entire value chain from design, production and maintenance of our customers’ facilities. We are dedicated to securing an accessible and reliable future, where technology unites and transforms society. Netel reported net sales of SEK 3,300 million in 2024 and the number of employees in the group is about 840. Netel is listed on Nasdaq Stockholm since 2021. Read more at netelgroup.com.

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CapMan Real Estate launches Leona, a new Nordic residential concept

CapMan Real Estate launches Leona, a new Nordic residential concept

CapMan Real Estate has launched Leona, a new Nordic rental housing concept designed to provide Effortless Living to its clients. Leona, launched in May 2025 in Finland and set to expand to Denmark and Sweden in the near future, focuses on client experience and ease of living by utilising modern digital solutions. What differentiates Leona from the competition is the combination of quality housing, a user-friendly tenant app, an increased service offering, and the flexibility to move between Leona homes.

At the heart of Leona is the goal of making tenants’ everyday life more effortless and enjoyable. Clients will benefit from the MyLeona digital platform and mobile tenant application, which allow for the effortless management of all aspects of rental housing, from parking space and sauna bookings to club and laundry room reservations, as well as interactive maintenance requests. The Leona Plus programme, developed in collaboration with CaPS Procurement Services, offers exclusive benefits for clients, including practical housing-related services that support everyday living, along with wellness and travel benefits. Furthermore, Leona Flex enables tenants to transition smoothly between Leona apartments, ensuring their home can adapt to their changing needs and circumstances.

“Leona represents our ambition to reshape rental living to better serve the needs of a modern Nordic client. We believe that a highly digitalised and user-friendly tenant platform coupled with a market-leading service offering will drive occupancy, tenant retention and client satisfaction across our growing residential portfolio,” shares Ilkka Tomperi, COO and Partner at CapMan Real Estate.

CapMan Real Estate is a Nordic property investor managing approximately €5.5 billion in real estate assets (GAV), with a team of over 80 professionals located in Helsinki, Stockholm, Copenhagen, Oslo, London and Jyväskylä.

For more information, please contact:

Ilkka Tomperi, COO & Partner, CapMan Real Estate, ilkka.tomperi@capman.com

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €6.4 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C 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, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

Categories: News

Apax Funds to acquire Finastra’s Treasury and Capital Markets Division

Apax-Global-Alpha

 

Apax Global Alpha Limited (“AGA”), the closed-ended investment company providing access to the Apax Private Equity Funds, today announces that it expects to invest approximately €25m in the Treasury and Capital Markets (“TCM”) division of Finastra on a look-through basis.

On 19 May 2025, Apax XI Fund (“Apax XI”), in which AGA is a limited partner, announced that it had reached an agreement to acquire the TCM division of Finastra, a global provider of financial services software. Upon completion of the transaction, TCM will be rebranded and operated as a standalone business. The transaction is expected to close in the first half of 2026, subject to customary closing conditions and the completion of information and consultation processes with employee representative bodies, where required.

With a client base of over 340 financial institutions, TCM is a trusted enabler of risk management, regulatory compliance, and capital markets operations. Its suite of software products, most notably Kondor, Summit, and Opics, supports front-to-back trade lifecycle management, risk, compliance, and operations. Built on decades of intellectual property and long-standing client relationships, TCM is deeply embedded in the global banking ecosystem.

As an independent company working in partnership with the Apax Funds, TCM will be able to invest further in new product development, marketing, and technology infrastructure to meet its customers’ evolving needs. The Apax Funds will support TCM in sharpening its strategic and operational focus, enhancing customer experience, and accelerating technological advancements, including strengthening the company’s cloud offering.

The transaction draws on the Apax Funds’ expertise in the software subsector with notable investments including Paycor, Zellis Group, and ECi Software. The Apax Funds also have extensive experience in supporting corporate carveouts in the software space.

Jason Wright, Partner at Apax, said:
“TCM is a robust, mission-critical platform with leading functionality and an impressive customer base. We see significant potential to invest in technology, talent, and customer relationships to accelerate innovation and growth as a standalone company, drawing on our 25 years of experience scaling global software companies.”

Gabriele Cipparrone, Partner at Apax, added:
“We’re excited to partner with the TCM team as the business begins a new chapter as an independent organisation. With the backing of the Apax Funds, we expect TCM to benefit from accelerated innovation and enhanced operations, delivering even greater value to its clients.”

Note that AGA’s expected investment in TCM is calculated based on the look-through positions of Apax XI’s overall investment in TCM and is translated based on the latest exchange rates available where applicable1. AGA has a commitment of c.$700m to Apax XI2.

AGA, whose shares are listed on the London Stock Exchange, provides investors with access to a portfolio of private equity funds advised by Apax as well as a smaller portfolio of debt instruments.

For more information about the transaction, please visit:
https://www.apax.com/news/press-releases/

END

Contact details:
Investor Relations – AGA
Lorraine Rees / Aditya Jhaveri
T: +44 (0) 207 872 6364
E: Investor.relations@apaxglobalalpha.com

Joint Brokers
Jefferies International Limited
Gaudi Le Roux
T: +44 (0)20 7548 4060
E: gleroux@jefferies.com

Investec Bank plc
David Yovichic
T: +44 (0)20 7597 4952
E: david.yovichic@investec.com

Footnotes

  1. Based on Bloomberg closing EUR/USD FX rate on 19 May 2025 of 1.124
  2. AGA’s commitment in Apax XI of c.$700m represents a commitment of $476.5m in the USD tranche and €198.4m in the euro tranche.

Notes

  1. Note that references in this announcement to Apax Global Alpha Limited have been abbreviated to “AGA” or “the Company”. References to Apax Partners LLP have been abbreviated to “Apax”, or “the Investment Adviser”.
  2. Please be advised that this announcement may contain inside information as stipulated under the Market Abuse Regulations (EU) NO. 596/2014 (“MAR”).
  3. his announcement is not for release, publication or distribution, directly or indirectly, in whole or in part, into or within the United States or to “US persons” (as defined in Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”)) or into or within Australia, Canada, South Africa or Japan. Recipients of this announcement in jurisdictions outside the UK should inform themselves about and observe any applicable legal requirements in their jurisdictions. In particular, the distribution of the announcement may be restricted by law in certain jurisdictions.
  4. The information presented herein is not an offer for sale within the United States of any equity shares or other securities of Apax Global Alpha Limited (“AGA”). AGA has not been and will not be registered under the US Investment Company Act of 1940, as amended (the “Investment Company Act”). In addition, AGA’s shares (the “Shares”) have not been and will not be registered under the Securities Act or any other applicable law of the United States. Consequently, the Shares may not be offered or sold or otherwise transferred within the United States, or to, or for the account or benefit of, US Persons, except pursuant to an exemption from the registration requirements of the Securities Act and under circumstances which will not require AGA to register under the Investment Company Act. No public offering of the Shares is being made in the United States.
  5. This announcement may include forward-looking statements. The words “expect”, “anticipate”, “intends”, “plan”, “estimate”, “aim”, “forecast”, “project” and similar expressions (or their negative) identify certain of these forward-looking statements. These forward-looking statements are statements regarding AGA’s intentions, beliefs or current expectations concerning, among other things, AGA’s results of operations, financial condition, liquidity, prospects, growth and strategies. The forward-looking statements in this presentation are based on numerous assumptions regarding AGA’s present and future business strategies and the environment in which AGA will operate in the future. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results, performance or achievements of AGA to be materially different from those expressed or implied by such forward looking statements. Many of these risks and uncertainties relate to factors that are beyond AGA’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behaviour of other market participants, the actions of regulators and other factors such as AGA’s ability to continue to obtain financing to meet its liquidity needs, changes in the political, social and regulatory framework in which AGA operates or in economic or technological trends or conditions. Past performance should not be taken as an indication or guarantee of future results, and no representation or warranty, express or implied, is made regarding future performance. AGA expressly disclaims any obligation or undertaking to release any updates or revisions to these forward-looking statements to reflect any change in AGA’s expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based after the date of this announcement, or to update or to keep current any other information contained in this announcement. Accordingly, undue reliance should not be placed on the forward-looking statements, which speak only as of the date of this announcement.

About Apax Global Alpha Limited

AGA is a Guernsey registered closed-ended investment company listed on the London Stock Exchange. It is regulated by the Guernsey Financial Services Commission.

AGA’s objective is to provide shareholders with capital appreciation from its investment portfolio and regular dividends. The Company is targeting an annualised Total Return, across economic cycles, of 12-15% (net of fees and expenses).

The Company makes Private Equity investments in Apax Funds, and has a portfolio of primarily Debt Investments, derived from the insights gained via Apax’s Private Equity activities.

Further information regarding the Company and its publications are available on the Company’s website at www.apaxglobalalpha.com.

About Apax

Apax Partners LLP (“Apax”) is a leading global private equity advisory firm. For over 50 years, Apax has worked to inspire growth and ideas that transform businesses. The firm has raised and advised funds with aggregate commitments of nearly $80 billion. The Apax Funds invest in companies across three global sectors of Tech, Services, and Internet/Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For further information about Apax, please visit www.apax.com.

Apax is authorised and regulated by the Financial Conduct Authority in the UK.

 

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Lido Advisors Enters into Strategic Partnership with HPS to Support Continued Growth

Charlesbank

LOS ANGELES – May 21, 2025 – Lido Advisors (“Lido”), a leading wealth advisory firm with over $30 billion in assets under management, today announced a strategic partnership with investment funds managed by HPS Investment Partners (“HPS”), a leading global alternative investment firm with approximately $150 billion in AUM. HPS joins Lido’s existing partner Charlesbank Capital Partners (“Charlesbank”) and more than 135 Lido employee-owners to support the firm’s continued growth and long-term vision.

Founded in 1999 and headquartered in Los Angeles, Lido delivers a personalized, family office-style experience to high-net-worth individuals, families, and institutions – offering a holistic approach to wealth advisory that includes investment management, estate and tax planning, and access to alternatives strategies. With the support of Charlesbank, Lido has significantly scaled its business, driven by a mission to help clients grow and protect their legacies. Lido’s new partnership with HPS further enhances the firm’s ability to strategically expand its business over the long term.

“This partnership with HPS marks an exciting new chapter for Lido, and we are extremely well positioned to continue our momentum delivering for our clients and team,” said Jason Ozur, CEO of Lido. “I’m incredibly proud of the growth we’ve achieved the past four years while staying true to our client-first values. Lido’s success has been a true team effort, and I’m especially happy for our more than 135 employee-owners, many of whom joined us through mergers, believing in our mission and growth trajectory. Seeing their commitment rewarded is one of the most fulfilling parts of this journey.”

“We are thrilled to partner with the HPS team. Their collaborative approach and long-term vision align perfectly with our goals, and we’re eager to begin this next phase of growth together,” added Mr. Ozur. “We are deeply grateful to Michael Choe, David Katz, Mutian Rui, Andrew Jackman, and the entire Charlesbank team for their exceptional partnership over the past four years. Their strategic guidance and alignment with our values played a critical role in our success, and we look forward to entering Lido’s next phase together.”

Charlesbank will continue its partnership with Lido. “Lido’s growth has been extraordinary, and we want to congratulate Jason, Ken, and the entire Lido team on their accomplishments,” remarked Michael Choe, Managing Director & CEO of Charlesbank. “We are pleased to welcome HPS as Lido begins this new chapter.” David Katz, Managing Director of Charlesbank, added, “Lido has made extensive investments in its team and capabilities in recent years, establishing the firm as a standout in the wealth management space. We’re excited to continue our partnership as Lido builds on its innovative strategies and differentiated client-first service model.”

Ken Stern, President of Lido, concluded, “Our new partnership with HPS validates the strength of our platform and underscores the significant opportunities ahead. Lido is extremely well positioned to continue growing and enhancing the services we can provide our clients.”

Ardea Partners LP served as lead financial advisor, and William Blair & Company LLC served as financial advisor to Lido. Houlihan Lokey and Piper Sandler & Co. also provided financial advice. Ropes & Gray LLP served as legal counsel to Lido and Charlesbank. Herrick, Feinstein LLP and Willkie Farr & Gallagher LLP also provided legal advice. Sidley Austin LLP served as legal counsel to HPS.

The transaction is expected to close in the third quarter of 2025.

Categories: News

Qconcepts and VanLoman join forces for quality platform: independent specialists, shared vision

IK Partners

As of May 21, Qconcepts – Home of audit, and VanLoman – Trusted partner in tax, are joining forces in a strategic alliance. Both organizations will retain their independence and focus on services, but will operate with a shared vision focused on quality under the name Home of quality.

Shared vision, independent paths

Qconcepts and VanLoman were founded on the same core principles: specialization, craftsmanship and a strong focus on quality. That shared mindset is the foundation of this alliance. The platform will guide their joint ambitions in areas like growth, quality and international visibility. For professionals at both firms, daily work will continue as usual.

“What connects us is how we view our profession,” says Cor Pijnenburg, partner and co-founder at Qconcepts. “We each operate in our own domain, but recognize in each other the same sharpness, independence and drive to put quality first.” Laurens Lor, partner at VanLoman, adds: “This is a strategic step, not an organizational change. We remain autonomous, but show together what we stand for and can benefit from each other’s expertise.”

Standing strong in a complex playing field

Both firms recognize today’s challenges: changing regulations, growing customer expectations and the need to remain attractive to top talent. This alliance strengthens their position – not through integration, but by strategically standing side by side.

In the coming months, Qconcepts and VanLoman will further shape the platform. This marks a new chapter: two independent specialists, joining forces with a shared vision for the future.

This is a joint communication by Qconcepts and VanLoman. For questions, please contact:
Carlijn IJzermans, Qconcepts +31 6 – 47135170 | Aafke Berk, VanLoman +31 6 – 13024007

About Qconcepts

Qconcepts. Home of audit is an audit-focused firm with 160 experienced professionals. We specialize in mid-sized companies, healthcare, housing corporations and the non-profit sector.
Our strength lies in focus, quality and personal commitment.
Our teams consist of senior audit professionals with deep sector expertise, working in fixed client teams. This allows us to build long-term relationships and deliver audits that truly make a
difference.

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About VanLoman

VanLoman, Trusted partner in tax, is a tax advisory firm with 45 experienced professionals. We provide full-service tax advice to national and international companies as well as (high-net-worth) individuals, covering all areas of Dutch tax law.
We support our clients with tailored tax advice on mergers & acquisitions, international transactions and structures, employee participation, tax returns, transfer pricing and the setup of investment funds – fast, efficient and to the point.

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Lido Advisors Enters into Strategic Partnership with HPS to Support Continued Growth

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Charlesbank

LOS ANGELES – May 21, 2025 – Lido Advisors (“Lido”), a leading wealth advisory firm with over $30 billion in assets under management, today announced a strategic partnership with investment funds managed by HPS Investment Partners (“HPS”), a leading global alternative investment firm with approximately $150 billion in AUM. HPS joins Lido’s existing partner Charlesbank Capital Partners (“Charlesbank”) and more than 135 Lido employee-owners to support the firm’s continued growth and long-term vision.

Founded in 1999 and headquartered in Los Angeles, Lido delivers a personalized, family office-style experience to high-net-worth individuals, families, and institutions – offering a holistic approach to wealth advisory that includes investment management, estate and tax planning, and access to alternatives strategies. With the support of Charlesbank, Lido has significantly scaled its business, driven by a mission to help clients grow and protect their legacies. Lido’s new partnership with HPS further enhances the firm’s ability to strategically expand its business over the long term.

“This partnership with HPS marks an exciting new chapter for Lido, and we are extremely well positioned to continue our momentum delivering for our clients and team,” said Jason Ozur, CEO of Lido. “I’m incredibly proud of the growth we’ve achieved the past four years while staying true to our client-first values. Lido’s success has been a true team effort, and I’m especially happy for our more than 135 employee-owners, many of whom joined us through mergers, believing in our mission and growth trajectory. Seeing their commitment rewarded is one of the most fulfilling parts of this journey.”

“We are thrilled to partner with the HPS team. Their collaborative approach and long-term vision align perfectly with our goals, and we’re eager to begin this next phase of growth together,” added Mr. Ozur. “We are deeply grateful to Michael Choe, David Katz, Mutian Rui, Andrew Jackman, and the entire Charlesbank team for their exceptional partnership over the past four years. Their strategic guidance and alignment with our values played a critical role in our success, and we look forward to entering Lido’s next phase together.”

Charlesbank will continue its partnership with Lido. “Lido’s growth has been extraordinary, and we want to congratulate Jason, Ken, and the entire Lido team on their accomplishments,” remarked Michael Choe, Managing Director & CEO of Charlesbank. “We are pleased to welcome HPS as Lido begins this new chapter.” David Katz, Managing Director of Charlesbank, added, “Lido has made extensive investments in its team and capabilities in recent years, establishing the firm as a standout in the wealth management space. We’re excited to continue our partnership as Lido builds on its innovative strategies and differentiated client-first service model.”

Ken Stern, President of Lido, concluded, “Our new partnership with HPS validates the strength of our platform and underscores the significant opportunities ahead. Lido is extremely well positioned to continue growing and enhancing the services we can provide our clients.”

Ardea Partners LP served as lead financial advisor, and William Blair & Company LLC served as financial advisor to Lido. Houlihan Lokey and Piper Sandler & Co. also provided financial advice. Ropes & Gray LLP served as legal counsel to Lido and Charlesbank. Herrick, Feinstein LLP and Willkie Farr & Gallagher LLP also provided legal advice. Sidley Austin LLP served as legal counsel to HPS.

The transaction is expected to close in the third quarter of 2025.

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Relyon Expands Field Service Management Capabilities with Acquisition of FieldBuddy

Main Capital Partners

Relyon strengthens its market position and product flexibility by acquiring FieldBuddy, expanding capabilities for complex field service operations

May 21st 2025, The Hague – Relyon, a provider of field service management solutions, today announced the acquisition of FieldBuddy, a highly configurable SaaS field service management platform based in the Netherlands. This acquisition marks a significant step in Relyon’s growth strategy, supported by Main Capital Partners since 2021.

Founded in 2013 and headquartered in Amsterdam, FieldBuddy provides a comprehensive platform that enables service-oriented organizations to efficiently plan, manage, and optimize field service operations. The platform supports digital work orders, planning, asset management, invoicing, automation, analytics, and integration with leading ERP systems. Built on Salesforce, FieldBuddy serves approximately 100 customers and over 4,000 active users across industries such as manufacturing, energy, HVAC, and mobility.

Strategic Fit
The acquisition of FieldBuddy is highly complementary to Relyon’s existing offerings. Relyon’s flagship product, Relyon One, provides a fully standardized solution for customers seeking rapid implementation of an innovative off-the-shelf system. FieldBuddy, on the other hand, addresses the needs of clients with more complex workflows that require configuration, product flexibility and more advanced features. This combination allows Relyon to serve both needs very effectively, enhancing market coverage and solidifying the combined group’s market position. Importantly, both Relyon and FieldBuddy customers will continue to experience the same high-quality service and operational continuity they rely on today.

This strategic acquisition aligns perfectly with Relyon’s vision to become the most innovative provider of software solutions for field service professionals.

– Sjoerd Aarts, Managing Partner at Main Capital Partners

Sjoerd Aarts, Managing Partner at Main Capital Partners: “We are excited to announce this strategic acquisition, which aligns perfectly with Relyon’s vision to become the most innovative provider of software solutions for field service professionals. The integration of FieldBuddy’s advanced capabilities will significantly enhance the product offering and market reach.”

Marieke Saeij, CEO of Relyon: “We are excited to welcome FieldBuddy to the Relyon family. This acquisition represents a significant milestone in our journey to provide comprehensive and flexible field service management solutions for all customer needs. Together, we will set new standards in the industry and create real value for our customers, being uniquely well positioned to cater to both standardized and unique customer needs.”

Hans Nieuwenhuis, CEO of FieldBuddy: “Joining forces with Relyon marks an exciting new chapter for FieldBuddy. We have always believed in empowering field service professionals through flexibility and innovation, and this partnership accelerates that mission. Together, we are uniquely positioned to set new standards in field service management and unlock new opportunities for expansion and innovation across our joint markets.”

About Relyon

Relyon is a specialized provider of field service management solutions, offering innovative software to optimize field operations. With a focus on delivering high-quality, standardized solutions, Relyon serves a diverse customer base of more than 200 customers such as Pirtek, SMT, and Essilor, serving more than 6,000 end-users.

About FieldBuddy

FieldBuddy is a Netherlands-based provider of SaaS field service management solutions. Founded in 2013, the company offers a highly configurable SaaS platform built on Salesforce, serving approximately 100 customers such as Feenstra Verwarming, Van Tienen Drankautomaten, and Interparking, and over 4,000 active users across service, installation and maintenance driven end markets.

Nothing contained in this Press Release is intended to project, predict, guarantee, or forecast the future performance of any investment. This Press Release is for information purposes only and is not investment advice or an offer to buy or sell any securities or to invest in any funds or other investment vehicles managed by Main Capital Partners or any other person.

Categories: News

Main Capital Partners acquires US-based financial-administrative software providers Fraxion and Centreviews

Main Capital Partners

Strategic merger enhances mid-market finance automation, uniting procurement and AP workflows to boost efficiency, compliance, and global customer reach.

May 21, 2025, Boston – Main Capital Partners continues to invest in the financial-administrative software space with a majority investment in Fraxion and the addition of Centreviews as the first add-on acquisition. This marks Main’s fourth US platform investment since opening its Boston office in 2022.

Founded in 1997 and headquartered in Seattle, Washington, Fraxion is a provider of cloud-based procurement and spend management software for mid-market organizations. Fraxion’s platform empowers finance and operations teams with the automation, visibility, and control needed to manage procure-to-pay workflows, ensure policy compliance, and drive cost-effective decision-making across the organization.

To further strengthen Fraxion’s AP automation capabilities, Main will effectuate a combination between Fraxion and Centreviews, a software business headquartered in Two Harbors, Minnesota. Centreviews’ software platform centralizes invoice processing, approvals, and payments, enabling finance teams to reduce manual tasks and processing costs, accelerate AP cycles, and ultimately improve visibility.

The combination serves a diverse client base of 500 customers across 25 countries. The solutions of both companies are sector-agnostic with customers spanning education, agriculture, healthcare, manufacturing and distribution, and non-profit and government, among other industries. Notable customers of the combined group include Subaru Research and Development, iHeart Radio, the Atlanta Hawks, Alarm.com, and Delta Airlines.

By unifying procurement and payables into a seamless platform, the combined business enables finance leaders to drive efficiency, transparency, and accountability.

– Daan Visscher, Investment Director & Co-head North America

Daan Visscher, Investment Director & Co-head North America said, “We are pleased to announce this investment in Fraxion and follow-on acquisition of Centreviews. By unifying procurement and payables into a seamless platform, the combined business enables finance leaders to drive efficiency, transparency, and accountability—key pillars of both operational excellence and ESG stewardship. We are proud to back solutions that both deliver measurable operational efficiency and align with the evolving needs of finance teams across the mid-market. These acquisitions mark the foundation of a broader buy-and-build strategy to create an intelligent spend automation platform, unlocking long-term value for our customers.”

Stanton Jandrell, CEO of Fraxion, said, “We are thrilled to partner with Main Capital Partners and join forces with Centreviews, and we see ample opportunity to capture upon a shared vision to create a strong end-to-end solution from requisition to payment through these next stages of growth.”

Joe Meyer, CEO at Centreviews, concluded, “Our team is excited about the new chapter we’re embarking on alongside the Main and Fraxion folks. I have no doubt that we’ll achieve great outcomes for our customers over these coming years as well as we continue to maintain and improve upon our product offering.”

About Fraxion

Founded in 1997 and headquartered in Seattle, WA, Fraxion is a provider of cloud-based spend management and procurement software for mid-market organizations. Fraxion’s platform empowers finance and operations teams to control, automate, and gain visibility into purchasing workflows, ensuring compliance with internal policies and enabling cost-effective decision-making across organizations.

About Centreviews

Founded in 1998 and headquartered in Two Harbors, Minnesota, Centreviews is a provider of accounts receivable and accounts payable automation and document management solutions designed to streamline back-office workflows for mid-sized and enterprise organizations. Centreviews’ software platform centralizes invoice processing, approvals, and payments, enabling finance teams to reduce manual tasks and processing costs, accelerate AP cycles, and ultimately improve visibility.

Nothing contained in this Press Release is intended to project, predict, guarantee, or forecast the future performance of any investment. This Press Release is for information purposes only and is not investment advice or an offer to buy or sell any securities or to invest in any funds or other investment vehicles managed by Main Capital Partners or any other person.

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Acrisure Secures $2.1 Billion Funding Round Led by Bain Capital

BainCapital

Courtesy of Acrisure

  • Additional investors include Fidelity Management & Research Company, Apollo Funds, Gallatin Point and BDT & MSD Partners
  • Financing values Acrisure at $32 billion as company strengthens status as a global fintech leader

Grand Rapids, MI. – May 20, 2025 – Acrisure today announced it has entered into a definitive agreement for the issuance of new convertible senior preferred stock in a $2.1 billion capital raise led by Bain Capital. Funds from the round will be used to refinance a portion of its existing non-convertible preferred stock, pursue strategic accretive M&A and accelerate its development as a tech-enabled financial services platform, advancing its strategy to become the preeminent fintech solutions provider for millions of small- and medium-sized businesses domestically and abroad.

“This transaction represents a significant milestone and serves as proof that our vision for Acrisure’s scaled platform has become a reality,” said Greg Williams, Chairman, CEO and Co-founder of Acrisure. “Our evolution from an insurance brokerage into an AI- and technology-powered global financial services provider has opened the door to massive opportunity. I see limitless potential for how far Acrisure can go, and we’re extremely grateful for the financial support and validation from our investors.”

The investors involved in the transaction include Bain Capital Special Situations, Fidelity Management & Research Company, Apollo Funds, Gallatin Point Capital, BDT & MSD Partners, and a consortium of other investors. No existing investor exited as part of this transaction. BDT & MSD remains the largest minority shareholder in Acrisure through affiliated funds.

“Greg and his talented leadership team have built an impressive business that is clearly differentiated by its combination of entrepreneurial DNA, cutting-edge technology capabilities and deep industry expertise,” said Cristian Jitianu, a Partner at Bain Capital who will be joining Acrisure’s board of directors. “We are pleased to be selected as Acrisure’s partner of choice on this transaction and look forward to supporting their continued growth strategy as the Company builds on its success delivering the right personalized insurance and business solutions to its clients.”

Going forward, Acrisure will continue to expand its footprint and product offerings through strategic, accretive M&A, fully integrating the platform created through its previous 900 acquisitions, and driving organic growth with its robust suite of tailored offerings, which now includes real estate services, cybersecurity tools, payroll and payment processing, and retirement/wealth solutions.

Acrisure’s unprecedented growth has driven the company’s valuation to $32B, marking a nearly 40% increase since its last institutional capital raise just three years ago. Prior to this funding round, Acrisure has prepared for its further expansion by bolstering its executive bench to better fit the company’s go-forward vision and support its best-in-class technology capabilities. Most recently, the firm hired a new CTO, Mark Wassersug, former COO of the Intercontinental Exchange, and a new Chief Administrative Officer, Shawn Pelsinger, the former Global Head of Corporate Development at Palantir Technologies.

Morgan Stanley & Co. LLC served as sole and exclusive placement agent and Skadden, Arps, Slate, Meagher & Flom LLP and Varnum LLP served as legal counsel to Acrisure.

About Acrisure
A global fintech leader, Acrisure empowers millions of ambitious businesses and individuals with the right solutions to grow boldly forward. Bringing cutting-edge technology and top-tier human support together, it connects clients with customized solutions across a range of insurance, reinsurance, payroll, benefits, cybersecurity, real estate services – and beyond. In the last eleven years, Acrisure has grown in revenue from $38 million to almost $5 billion and employs over 19,000 colleagues in 23 countries. And this is just the beginning. To learn more, visit Acrisure.com.

About Bain Capital
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. Our Special Situations team focuses on capital solutions opportunities that provide companies flexible capital that meets their specific needs, coupled with deep operational, strategic and financial value-add capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $185 billion in assets under management. To learn more, visit www.Baincapital.com. Follow @Bain Capital on LinkedIn and X (Twitter).

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Coller Capital Private Equity Secondaries fund launches on key Australian wealth platforms

Coller Capital

Australia, May 2025 Coller Capital, the leading global investor in private capital secondaries, who currently manage over $62 billion AUD in private equity, private credit, and other private market vehicles, have announced that the Coller Private Equity Secondaries Fund is now available on several wealth management platforms, including Colonial First State (CFS) Edge, Netwealth, Hub24, Centric Wealth, FNZ, Clearstream and Praemium.

Launched in October 2024, the Fund is specifically designed for the wholesale investor market, providing advisers and their clients with access to a globally diversified portfolio of private equity secondaries – an asset class traditionally limited to large institutional investors.

David Hallifax, Coller Capital Head of Private Wealth, Australia and New Zealand, said: “The availability of this Fund on these platforms underscores the client demand for a pure play Secondaries manager in private equity.”

“We are pleased to partner with platforms that share our vision of delivering institutional-quality solutions to a broader spectrum of investors. This expansion also meets the growing demand from private wealth investors increasingly looking to the private markets to increase diversification and aiming to enhance returns.”

The fund targets mature private equity assets acquired on the secondary market and delivers the hallmark benefits of secondaries investing – accelerated deployment, regular distributions, enhanced diversification, and greater visibility into underlying investments – all within a structure tailored to the needs of wholesale investors and their advisers.

This platform expansion reflects Coller Capital’s continued leadership in the global secondaries market and its commitment to making private capital solutions more accessible, transparent, and effective for investors.

Coller Capital is planning to make the Fund available on other platforms.

EQT Disclaimer

Equity Trustees Limited (“Equity Trustees”) (ABN 46 004 031 298), AFSL 240975, is the Responsible Entity for the [Coller Private Credit Secondaries Fund] (“the Fund”). Equity Trustees is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT).

Equity Trustees nor any of its related parties, their employees or directors, provide any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. This press release has been prepared by Capital Outcomes to provide you with general information only. In preparing this press release, we did not take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Past performance should not be taken as an indicator of future performance. You should obtain a copy of the Product Disclosure Statement before making a decision about whether to invest in this product.

 

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David Hallifax

Director, Head of Australia and New Zealand Private Wealth Distribution
Press contact
Capital Outcomes

abbey@capitaloutcomes.co+61 488006979

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