Category Archives: News

Apollo Funds Complete Sale of ALTEMIRA, Leading Pan-Asian Aluminum Packaging Company

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TOKYO and NEW YORK, June 03, 2026 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) announced that Apollo-managed funds (the “Apollo Funds”) completed the sale of their interest in ALTEMIRA Holdings Co., Ltd. (“ALTEMIRA” or the “Company”), a leading pan-Asian aluminum packaging company, to funds managed by MBK Partners.

ALTEMIRA was established in April 2022, through the combination of the aluminum can and foil business formerly operated by Showa Denko K.K. (now named Resonac Holdings Corporation) and the aluminum can and rolled and extruded products business of Mitsubishi Materials Corporation. ALTEMIRA is one of the first successful examples of sponsor-led industry consolidation in the Japanese industrials sector, demonstrating Apollo’s ability to execute a complex carve-out and support the subsequent transition to a fully independent, standalone enterprise and drive broader transformation and industry consolidation through M&A.

As a result, ALTEMIRA has emerged as a differentiated platform with scale, operating one of the world’s only vertically integrated, closed-loop aluminum recycling ecosystems—spanning used beverage can collection, processing, slab casting, rolling into coils and fabrication into beverage cans. Apollo Fund’s investment in ALTEMIRA also highlights its role as a trusted partner to Japan’s leading corporations, offering differentiated solutions to help businesses execute their strategic priorities in sectors that have historically been difficult for outside capital to access.

The transaction follows Apollo Funds’ successful exit of MAFTEC announced in June 2025. Apollo Funds’ private equity investments in Japan include Panasonic Automotive Systems and Nippon Sheet Glass (pending closing).

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2026, Apollo had approximately $1.03 trillion of assets under management. To learn more, please visit www.apollo.com.

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

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

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PAI Partners to acquire a majority stake in Arlettie

PAI Partners

PAI Partners, a pre-eminent private equity firm, today announced that it has agreed to acquire a majority stake in Arlettie, a leading international B2B inventory management specialist for luxury brands, in partnership with its founders Muryel Lanneau and Thibaut Caillemer du Ferrage. The transaction will be made through the PAI Mid-Market Fund II (“PAI MMF II”), PAI’s second fund dedicated to mid-market opportunities, and is expected to close in early July 2026.

Arlettie organises exclusive private sales, staff sales and inventory-clearance events for many of the world’s leading luxury brands. Through a unique omnichannel platform combining physical showrooms in Paris, London, Milan and New York City with a fast-growing global online offering, the company helps luxury brands manage structural legacy stock effectively while preserving exclusivity, confidentiality and brand equity.

Arlettie operates a differentiated, consignment-based and asset-light business model, with long-standing relationships with more than 220 luxury and contemporary brands and a proprietary database of over 120,000 active consumers. The company has grown strongly, with revenue more than tripling in the last four years. This reflects the structural and recurring nature of luxury stock, an increasing tendency among luxury brands to outsource clearance to trusted specialist partners and a shift toward controlled, brand-safe channels.

With PAI’s support, Arlettie aims to accelerate its international expansion, particularly in the United States, further scale its omnichannel platform, deepen relationships with existing luxury partners and onboard new brands across categories and geographies. PAI will also support the company’s continued investment in technology, customer engagement and operational capabilities to reinforce its position as a leading global inventory management platform.

Muryel Lanneau and Thibaut Caillemer du Ferrage, the founders of Arlettie, said: “We are thrilled to welcome PAI as a shareholder in Arlettie. Throughout the process, we were impressed by the team’s professionalism and dedication. We share a common vision for Arlettie and the same ambition to drive the company’s growth.”

Stefano Drago, a Founding Partner in PAI’s Mid-Market Fund, said: “Arlettie has grown to become the preferred partner to the world’s leading luxury brands. The business combines a structurally resilient market position with a compelling growth trajectory, underpinned by strong brand relationships, a loyal consumer base and an established omnichannel platform. We are excited to work alongside the company’s management team to support the next phase of growth, leveraging PAI’s proven expertise in Business Services to accelerate international expansion and further strengthen Arlettie’s multi-channel capabilities.”

About Arlettie

Arlettie is the leading omnichannel inventory management platform for luxury brands, organising exclusive private sales events on behalf of more than 220 active luxury and contemporary brand partners. Operating across showrooms in Paris, London, Milan and New York City, as well as online, Arlettie delivers tailored, data-driven stock clearance events that enable brands to reduce legacy inventory efficiently whilst preserving exclusivity and brand equity. For more information, visit www.arlettie.com.

About PAI Partners

PAI Partners is a pre-eminent private equity firm investing in market-leading companies across the globe. The Firm has c. €25 billion of assets under management and, since 1994, has completed over 100 investments in 13 countries and realised more than €33 billion in proceeds from c. 70 exits.

PAI has built an outstanding track record through partnering with ambitious management teams, where its unique perspective, unrivalled sector experience and long-term vision enable companies to pursue their full potential – and push beyond. Learn more at www.paipartners.com.

Contacts

PAI Partners
Dania Saidam
+44 20 7297 4678

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3i invests in leading French natural nutrition brand Nutergia

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3I

Nutergia Logo (1)

3i Group plc (“3i”) today announces that it has invested in Laboratoire Nutergia (“Nutergia”), a leading French natural food supplements brand and a pioneer in science-based micronutrition.

Founded in 1989 by Claude Lagarde and headquartered in Capdenac, France, Nutergia provides natural, expert-recommended food supplements, with a differentiated positioning built around its proprietary concept of Active Cellular Nutrition®. The company develops and manufactures high-quality products, distributed primarily through pharmacy channels and benefits from strong, long-standing endorsement by healthcare professionals.

Nutergia has delivered double-digit organic annual growth for over a decade underpinned by strong patient trust and high brand loyalty. The company operates a well-invested production facility in France where it has an established presence in addition to Spain and Belgium, with growing international and digital channels.

The European market for natural and expert-recommended food supplements continues to benefit from durable long-term growth drivers, including ageing populations, increased consumer focus on prevention and wellbeing, and rising demand for high-quality, science-backed products. As a premium brand of choice, Nutergia is well positioned to capitalise on these trends.

3i is investing to accelerate Nutergia’s growth, driving further penetration of existing markets, continued innovation across product categories, acceleration of digital channels and international expansion in selected geographies. As part of the transaction, the Lagarde family will retain a significant minority shareholding and continue to be actively involved in the business.

Claude Lagarde, Founder, Nutergia, said: “Nutergia is built around scientific rigour, product quality and trust from consumers and healthcare professionals. We are pleased to welcome 3i as a partner who shares our ambition and brings significant experience of supporting premium healthcare brands in their growth journey, especially in their international expansion. Together, we look forward to building on Nutergia’s foundations and accelerating our long-term ambitions.”

Pierre-Axel Botuha, Partner and Co-Head of France Private Equity, 3i, said: “Nutergia is a top-tier nutrition business with a strong brand, deep healthcare heritage and a long track record of growth. It fits perfectly with our strategy of investing in differentiated companies which help consumers achieve a healthier lifestyle. We have known Nutergia for a long time and have followed its progress for many years and are delighted to now partner with the team to support the next phase of the company’s development.”

This investment builds on 3i’s successful experience of investing in international branded businesses with strong sustainability credentials, such as WaterWipes, MPM and Havea.

-Ends-

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ATP and EQT Announce Global Partnership

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  • EQT enters global partnership with the ATP, becoming the tennis tour’s first official private markets partner
  • The multi-year sponsorship activates across 15 ATP tournaments in 12 markets, leveraging ATP’s global footprint and international fan base
  • EQT’s first global sports sponsorship marks a pivotal moment in the firm’s growth as it expands its investor base, tapping into the ATP’s platform to broaden brand recognition

The ATP has signed a multi-year partnership with leading global investment organisation EQT, which will be the first official private markets partner of the ATP Tour through 2030.

As a governing body of men’s professional tennis, ATP stages premier tournaments across six continents and showcases the world’s greatest players.

This represents EQT’s first-ever global sports sponsorship at a pivotal time in the firm’s growth. As EQT adds new strategies and products, enters new markets, and broadens access to private markets, building global brand recognition is becoming increasingly critical. This partnership provides access to a global platform across major markets with a broad, high-value audience.

The partnership with the ATP coincides with EQT’s global brand relaunch, “Better Never Ends”, linking its belief in continuous improvement with the pursuit of progress at the heart of professional tennis.

The agreement supports the ATP’s strategy to build deeper, multi-market partnerships that drive growth and deliver value across the Tour. A dedicated activation programme will create opportunities for players to participate in partner-led moments, while integrating some of the sport’s leading athletes into EQT’s brand campaigns.

As a Platinum Partner, EQT will activate across ATP Masters 1000, ATP 500 and ATP 250 tournaments throughout the season, connecting with a global audience of more than one billion fans. The partnership includes prominent brand visibility, alongside access to premium hospitality and stakeholder engagement opportunities across key international markets.

Per Franzen, EQT’s Managing Partner & CEO, said: “An ever-larger share of value creation in the global economy is happening in private markets, and individual investors want access to that opportunity. As the largest private markets firm outside the U.S., EQT has both the scale and responsibility to help make that a reality. That is why we decided to partner with the ATP, which has the right platform to build EQT’s brand recognition among our target audiences around the world. We are proud to partner with an organization that, like EQT, is defined by long-term thinking, high performance, and a truly global ambition.”

Andrea Gaudenzi, ATP Chairman, said: “The scale of this partnership and its global footprint reflect EQT’s commitment to the ATP Tour. It’s an exciting moment for both organisations and another step in our focus on working with brands that share our values and are invested in the long-term future of tennis. EQT is a natural fit, with a shared emphasis on long-term performance, active growth and sustainable value creation for players, fans and commercial partners.”

The announcement builds on a period of record sponsorship growth for the ATP, underlining the strength of the Tour as a premium platform for brand visibility, business engagement and international expansion.

Contact
EQT Press Office, press@eqtpartners.com

 

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About EQT
EQT is a purpose-driven global investment organization with EUR 269 billion in total assets under management (EUR 142 billion in fee-generating assets under management) as of 31 March 2026, within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, X, YouTube and Instagram

About the ATP
As a global governing body of men’s professional tennis, the ATP’s mission is to serve tennis. The ATP entertains a billion global fans, showcases the world’s greatest players at the most prestigious tournaments, and inspires the next generation of fans and players. From the United Cup in Australia, to Europe, the Americas and Asia, the stars of the game battle for titles and PIF ATP Rankings points at ATP Masters 1000, 500 and 250 events, and Grand Slams. All roads lead towards the Nitto ATP Finals, the prestigious season finale held in Turin, Italy. Featuring only the world’s top 8 qualified singles players and doubles teams, the tournament also sees the official crowning of the year-end ATP World No. 1, presented by PIF, the ultimate achievement in tennis. For more information, please visit www.ATPTour.com

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EQT Real Estate expands its growing UK logistics footprint with acquisition of six assets across key distribution hubs

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EQT Real Estate

  • Portfolio comprises six Grade A logistics assets totaling approximately 1.6 million square feet across the West Midlands, East Midlands and South East of the UK
  • Assets are located along key distribution corridors and are occupied by a diversified tenant base spanning e-commerce, logistics, publishing, healthcare and consumer sectors
  • The acquisition further strengthens EQT Real Estate’s UK logistics presence and supports its broader European strategy focused on supply-constrained markets benefiting from e-commerce growth, supply chain modernization and demand for faster deliveries

EQT Real Estate is pleased to announce that the EQT Real Estate Europe Logistics Value Fund V has acquired a portfolio of six logistics assets totaling approximately 1.6 million square feet across Leamington Spa, Didcot, Peterborough and Kettering from Tritax Big Box REIT plc.

The assets are fully leased following completion of the lease at Leamington I and are occupied by a diversified tenant base across e-commerce, logistics, publishing, healthcare and consumer industries. Strategically located near major transport routes including the M40, A14, and A1(M) which connect cities including London, Birmingham and Edinburgh, the properties provide access to key UK population centers and established distribution networks.

The portfolio consists of modern Grade A properties featuring high clear heights, large loading yards and strong sustainability credentials, with most assets holding Energy Performance Certificate (EPC) A ratings. The acquisition further expands EQT Real Estate’s UK logistics footprint  and complements its broader European logistics portfolio across key distribution corridors and consumption hubs. The investment aligns with EQT Real Estate’s strategy of investing in high-quality logistics assets in supply-constrained markets that are supported by resilient occupier demand and long-term rental growth potential.

Jonathan Mackie, Managing Director at EQT Real Estate, said: “We continue to see attractive long-term opportunities in European logistics, supported by structural trends including the  growth of online retail, supply chain optimization and increasing demand for efficient distribution space close to major population centers. This acquisition expands our growing UK logistics footprint and complements our broader European logistics portfolio across established distribution markets.”
Contact
EQT Press Office
press@eqtpartners.com

 

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About EQT Real Estate
EQT is a purpose-driven global investment organization with EUR 269 billion in total assets under management (EUR 142 billion in fee-generating assets under management) as of 31 March 2026, within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership. Within EQT’s Real Assets segment, EQT Real Estate acquires, develops, leases, and manages logistics and residential properties in the Americas, Europe, and Asia. EQT Real Estate manages about $58 billion in GAV, owns and operates over 2,000 properties and 400 million square feet, with over 400 experienced professionals across 50 locations globally.

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

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Triton Partners to acquire Flender from Carlyle

Carlyle

Bocholt, Germany and Hong Kong – 03 June 2026 – Global investment firm Carlyle (NASDAQ: CG) today announced that it has agreed to sell Flender, a global market leader in mechanical drive technology, to Triton Fund 6 advised by Triton Partners (“Triton Partners”). Terms of the transaction were not disclosed. The transaction is subject to customary regulatory approvals and is expected to close in Q4 2026.

Headquartered in Bocholt, Germany, and with over 125 years of engineering heritage, Flender is a leading supplier of gearboxes, couplings and generators for a broad range of industrial and wind power applications. With more than 8,000 employees across 34 countries, Flender operates a global manufacturing, assembly and service network and holds a leading position in drivetrain technology for wind turbines. Through its differentiated technology, engineering expertise and global footprint, Flender supports customers across industrial and renewable energy markets worldwide.

Since carving out Flender from Siemens in 2021, Carlyle has partnered closely with management to lead the company’s successful transition to an independent standalone business. During this period, Flender strengthened its leadership position in wind and industrial drive technology, expanded its global service network, invested in innovation and operational capabilities, and further enhanced its international footprint and manufacturing platform.

Triton Partners has many years of experience in applying its proven in-depth value creation approach across companies in the industrial tech sector supported by the Accelerator Unit, one of Europe’s largest value acceleration teams in the industry. The wind and the broader energy value chain as well as industrial power transmission markets are well known to Triton Partners through current and past investments, including RENK Group, Trench Group and FairWind.

Andreas Evertz, CEO of Flender, said: “I would like to express my sincere thanks to Carlyle for the trust and support they have provided in positioning Flender to be a market leader. I am also pleased to again have a strong partner in Triton, with whom we can further advance our growth ambitions. Their high level of commitment throughout the process, combined with their strong network and extensive experience, gives me great confidence that this is the right next step for Flender.”

Willi Westenberger, a Managing Director on the Carlyle Europe Partners investment advisory team, and Janine Feng, Vice Chair of Carlyle Asia, said: “In initially carving out Flender, we saw an opportunity to support a market-leading business through its transition to a successful standalone company. This investment is a strong example of collaboration across Carlyle’s global platform, with our Europe and Asia teams working in close alignment to support management in driving Flender’s growth. During our partnership, the business grew internationally, including in China and India, repositioned itself as a service champion, and reinforced its leadership position across wind and industrial drive technology. We thank Andreas, the management team, and employees for their partnership and believe Flender is well-positioned for further success.”

Claus von Hermann, Fund Managing Partner & Co-Head of Triton Mid-Market, and Jaime Legeren, Investment Advisory Professional at Triton Partners, said: “Flender is at the core of Triton Partners’ investment strategy. The company operates in a sector where Triton has strong expertise and a successful track record in similar industrial and aftermarket businesses. We look forward to partnering with management and employees and to support Flender’s next step of its growth journey.”

About Flender

Flender is a leading, tech-enabled provider for drivetrain solutions, globally supplying highest quality, performance, and innovation for more than 125 years. Flender offers a wide range of gear units, couplings, generators, and associated digitally enabled lifecycle services across various end markets. The two product brands “Flender” and “Winergy” focus on key industries such as wind energy, minerals and mining, cement, power generation, plastic and rubber, marine and metals. With efficient drivetrain solutions and a strong CSR focus, Flender is the partner of choice for a sustainable future. The renowned sustainability rating by EcoVadis ranks Flender among the top 1 percent of the most sustainable companies worldwide. Flender employs more than 8,000 people globally. The company is headquartered in Bocholt, Germany. For more information, visit www.flender.com.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $475 billion of assets under management as of March 31, 2026, Carlyle’s purpose is to connect people, ideas, and capital to fuel growth for companies and performance for investors. Carlyle employs more than 2,500 people in 28 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

About Triton

Founded in 1997 and owned by its partners, Triton Partners is a leading European mid-market sector-specialist investor. Triton Partners focuses on investing in businesses that provide mission critical goods and services in its three core sectors of Business Services, Industrial Tech, and Healthcare.

Triton Partners has over 150 investment professionals and value creation experts across eleven offices and invests through three complementary “All Weather” strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit.

Media Contacts:

Carlyle
Europe: Charlie Bristow, +44 7384 513568, charlie.bristow@carlyle.com
Asia: Lonna Leong, +852 9023 1157, lonna.leong@carlyle.com

Triton
media@triton-partners.com

Flender 
Doris Bush, +49 152 54718127, doris.bush@flender.com
Tobias van der Linde, +49 174 2415434, tobias.vanderlinde@flender.com

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Ratos announces the sale of 9 million existing shares in Sentia ASA

Ratos

Ratos announces the successful sale of existing shares in Sentia ASA (“Sentia”) to institutional investors, further improving long-term free float and liquidity in the Sentia share and reducing Ratos’ ownership to a level consistent with its long-term ownership ambition.

Ratos has on 2 June 2026 successfully sold 9 million shares in Sentia corresponding to approximately 8.96 percent of the share capital and votes.

The shares were sold at a price of NOK 72.40 per share on Euronext Oslo Børs (the Oslo Stock Exchange). Gross proceeds from the transaction amount to approximately NOK 651.6m.

Following completion of the transaction, Ratos holds approximately 30.81 percent of the outstanding shares and votes in Sentia.

“The transaction supports Ratos’ strategy, as communicated at our Capital Markets Day in March, which enables us to retain significant minority positions in listed Nordic companies, optimize our portfolio, while retaining flexibility for future capital allocation. The sale of shares aims to increase long-term free float and liquidity in Sentia, while adjusting Ratos’ ownership to a level that is in line with our long-term ambition,” says Gustaf Salford, CEO at Ratos.

Ratos is committed to remaining a leading shareholder in Sentia and has, in connection with the transaction, entered into a 360-day lock-up for its remaining shares in Sentia. Ratos is represented on the Board of Directors of Sentia.

About Sentia
Sentia is a leading Nordic construction group formed by combining HENT, SSEA, Vestia and Målbygg, with over 1,400 employees. They specialize in complex, sustainable building projects for public and commercial clients across Norway and Sweden. Sentia reported net sales of NOK 11,772m in 2025 and is led by CEO Jan Jahren.

For more information, please contact:
Anna Vilogorac, CFO & Investor Relations
+46 70 616 50 19, anna.vilogorac@ratos.com

Katarina Grönwall, VP Communications & Sustainability
+46 70 300 35 38, katarina.gronwall@ratos.com

About Ratos
Ratos is a Swedish publicly listed investment company focused on long-term, active ownership. It holds majority and minority stakes in Nordic companies. In 2025, net sales totalled SEK 19 billion and adjusted EBITA SEK 1.9 billion. Ratos has approximately 9,100 employees and is headquartered in Stockholm, Sweden.

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Blackstone Raises its Largest Asia Private Equity Fund at $13.1 Billion

Blackstone

Oversubscribed Fund More than Doubles Capital Raised for Predecessor Vehicle

June 2, 2026 – Blackstone (NYSE: BX) today announced the final close of Blackstone Capital Partners Asia III (“BCP Asia III”) at $13.1 billion, exceeding its $10 billion target and marking the firm’s largest private equity fundraise in the region. The oversubscribed fund reached its hard cap and builds on the strong performance of the strategy’s first two vintages, with this close representing more than double the amount of capital raised for its predecessor vehicle.

Joe Baratta, Global Head of Blackstone Private Equity Strategies, said: “We are grateful for the continued trust of our investors in Blackstone and our leading Asia Private Equity franchise. This successful fundraise reflects the strength of our platform and our ability to perform through cycles. Asia Pacific is the fastest-growing region in the world, presenting compelling opportunities to invest at scale behind our high-conviction themes and deliver for our investors.”

Amit Dixit, Head of Asia for Blackstone Private Equity, said: “For two decades, we have focused on building businesses into market leaders and driving performance for our investors. We believe our differentiation lies in our scale, supported by homegrown teams across the region’s major markets; strong performance; and our control-oriented strategy that enables us to have a hands-on, proactive approach to supporting business transformations. We thank our investors for their support and partnership.”

Blackstone has been one of the most active global investors in the region over the last 24 months, reinforcing its leadership in India and Japan. The firm invested over $7 billion of capital across 12 transactions, which include:

  • Neysa, a fast-growing Indian AI cloud platform
  • TechnoPro, Japan’s leading specialized engineering services provider
  • JUNO, South Korea’s top hair salon franchise

In addition, the firm has had 15 exits with realizations over the same period, including:

  • Listing of International Gemological Institute, the largest lab grown diamonds certification player
  • Listing of Aadhar Housing Finance, India’s largest affordable housing finance business
  • Exit from Alinamin Pharmaceutical after helping build the business into one of Japan’s leading consumer healthcare businesses

About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Media Contact
Ellen Bogard
Ellen.Bogard@Blackstone.com
Tel: +852 3651 7737

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Bain Capital Launches JB Aircraft Finance, LLC in Partnership with Aviation Experts to Provide Flexible Corporate Jet Financing Solutions

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BOSTON & MIAMI – June 2, 2026 – Bain Capital today announced the launch of JB Aircraft Finance, LLC, a premier corporate jet financing and leasing platform designed to deliver differentiated financing solutions to aircraft owners, operators, OEMs, brokers, and intermediaries. Founded by Bain Capital in partnership with aviation industry experts Thomas Garbaccio and Brickell Asset Management, LLC, JB Aircraft Finance, LLC brings deep aviation experience and disciplined investment expertise to the corporate aircraft market.

Focused on mid-life corporate aircraft, JB Aircraft Finance, LLC provides a comprehensive suite of financing solutions, including operating leases, financial leases, and bespoke financing transactions tailored to the needs of manufacturers, owners, and operators. The global platform is built by an experienced aviation team with demonstrated expertise in aircraft acquisition, financing, leasing, disposition, and portfolio management.

“By tailoring our financing solutions specifically to mid-life aircraft, JB Aircraft Finance, LLC is addressing an underserved segment of the market,” said Thomas Garbaccio, CEO of JB Aircraft Finance, LLC. “Our immediate goal is to steadily grow our aircraft base and continue to build a highly diversified, industry-leading portfolio. By leveraging Bain Capital’s 20+ years of aviation investment experience, along with Brickell Asset Management’s robust operational infrastructure, we are fully equipped to scale with discipline and deliver consistent execution.”

“JB Aircraft Finance, LLC is addressing a clear gap in the corporate aircraft market by providing flexible, asset-backed financing solutions for mid-life aircraft – an area that has been underdeveloped compared to commercial aircraft leasing,” said Matt Evans, Partner at Bain Capital Special Situations. “We look forward to supporting a differentiated platform capable of moving with the speed and certainty that our counterparties require.”

For more information about JB Aircraft Finance, LLC’s tailored financing solutions and responsive execution, reach out directly to Tgarbaccio@jbaircraftfinance.com.

About JB Aircraft Finance, LLC

JB Aircraft Finance, LLC is a premier corporate aircraft financing and leasing platform built to present differentiated financing alternatives to aircraft owners, operators, OEMs, brokers and intermediaries. The platform provides a comprehensive suite of financing and leasing solutions for mid-life corporate aircraft, including operating leases, financial leases, and customized financing tailored to the needs of its customers, such as high-LTV and fleet financing and sale-leasebacks.

About Bain Capital

Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $215 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

About Brickell Asset Management

Brickell Asset Management, LLC is a Miami, Florida-based aerospace company specializing in the acquisition, lease, and sale of commercial aircraft, airframes, engines and parts. Since its founding in 2006, Brickell has established itself as a recognized leader in the provision of aftermarket aviation equipment to airlines, leasing companies, OEMs and MROs.

Media Contacts

 Eddie de Sciora

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Novacap Completes Successful Exit from Eddyfi Technologies

Novacap

Novacap, a leading North American private equity firm, today announced the successful completion of the sale of Eddyfi Technologies (“Eddyfi”), previously a division of Previan, to ESAB Corporation (NYSE: ESAB), a global industrial technology leader. The transaction was valued at US$1.45 billion.

Since first partnering with Previan in 2020, Novacap has supported the company’s development into a global provider of advanced non-destructive testing, inspection and integrity management technologies. During the investment period, Novacap worked closely with founder Martin Thériault and the management team to support organic growth, execute strategic acquisitions and scale the platform internationally.

In 2025, following a strategic review, Novacap supported the separation of Previan into two independent platforms – NDT Global and Eddyfi Technologies – enabling each business to pursue distinct growth strategies under dedicated ownership structures. Both companies retained their Quebec City headquarters and operations. As part of that process, Novacap reinvested in NDT Global. The company subsequently completed the acquisition of Entegra, a provider of advanced ultrasonic testing and inspection solutions, while Eddyfi continued to invest in innovation and evaluate strategic alternatives.

Following the closing of the transaction, Eddyfi will form a new, dedicated inspection and monitoring business unit within ESAB, continuing to operate with its current leadership team while expanding ESAB’s capabilities across the fabrication, inspection and monitoring workflow. Eddyfi is expected to continue operating as it does today, and retain its headquarters and workforce in Quebec City as it enters its next stage of growth with access to ESAB’s global scale and resources.

“The separation of Previan into two focused, independent businesses was a deliberate and value-driven decision,” said David Lewin, Lead Senior Partner, Technologies at Novacap. “Eddyfi and NDT Global had reached a level of scale and maturity where each could benefit from tailored ownership and strategic direction. This transaction reflects the strength of Eddyfi’s platform and positions the business for its next phase of growth.”

“This transaction reflects Novacap’s long-standing approach of partnering with entrepreneurs and management teams to build durable, market-leading businesses,” said Pascal Tremblay, President & Chief Executive Officer and Managing Partner, Technologies and Digital Infrastructure at Novacap. “We are pleased to have supported Eddyfi’s development and to see the company enter its next chapter as a new product platform within a global public company while retaining its headquarters and talent base in Quebec City.”

“Novacap has been a strong and constructive partner throughout this journey,” said Martin Thériault, Chairman and founder of Eddyfi and CEO of NDT Global. “Their support helped us scale the business, strengthen our technology platform and prepare Eddyfi for this next stage of growth, with a long-term partner, while staying true to our culture and long-term vision.”

Goldman Sachs & Co. LLC and EC M&A acted as financial advisors to Eddyfi Technologies, and McCarthy Tétrault LLP acted as legal advisor. Blake, Cassels & Graydon LLP acted as legal advisor to Novacap in connection with the transaction.

About Eddyfi Technologies
Eddyfi Technologies is a global leader in advanced non-destructive testing instrumentation, providing inspection technologies to assess structural integrity of critical assets. Eddyfi offers a broad and integrated range of capabilities, including test & measurement instrumentation, advanced sensing, automated remote monitoring, robotics, and software across key industries such as nuclear power generation, aerospace, defense, civil infrastructure, oil & gas, transportation and more. Headquartered in Québec (Canada), with a global footprint, world class R&D capabilities, and deep domain expertise, Eddyfi Technologies serves customers in more than 110 countries and empowers them to enhance safety and productivity, protect the environment and save lives. The company employs more than 1,000 people. Learn more at www.eddyfi.com and http://www.eddyfitechnologies.com.

About Novacap
Novacap is a leading North American private equity investor and one of Canada’s most experienced private equity firms. Founded in 1981 to partner with visionary entrepreneurs, Novacap focuses on control buyouts of middle market and lower-middle market companies across four core strategies: Technologies, Digital Infrastructure, Industries and Financial Services. Since its inception, the firm has made primary and add-on investments in more than 250 companies. With over US$12 billion in assets under management and offices in Montreal, Toronto and New York, Novacap accelerates value creation through strategic growth initiatives and a strong focus on execution. Learn more at http://www.novacapcorp.com.

 

 

 

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