Telmai + Atlan unify trust and context to scale autonomous enterprise AI systems

.406 Ventures

AI pilots fail not because models don’t work, but because data systems lack reliability and context. To scale AI responsibly, enterprises need validated data at the source and metadata enriched with health and governance signals. This article shows how Telmai and Atlan close this gap. Telmai validates data as it lands, while Atlan’s Metadata Lakehouse adds lineage and governance to create the trusted foundation for scaling AI.

Telmai + Atlan

 

Anoop Gopalam October 3, 2025

With a surge in AI investment, enterprise leaders are under mounting pressure to deliver reliable, scalable AI solutions that create measurable business impact. A recent MIT study found that 95  percent of generative AI projects failed to produce measurable outcomes, as many organizations struggle to move beyond experimentation and into reliable execution. AI pilots are failing to deliver, not because the models don’t work, but because the underlying foundational data systems upon which they are built lack reliability and context.

Autonomous systems and AI agents act on data in microseconds, so there’s no time for late-stage downstream fixes where most companies focus their data quality efforts today. To power AI-native ecosystems at scale, organizations must build trust at the source as data is ingested and ensure that data quality metadata is pushed to data catalogs and metadata systems, allowing agents to evaluate fitness before consumption. This creates the trusted foundation that Autonomous AI products need to operate reliably and at scale.

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Image source – The AI Value Chasm

By combining Telmai’s AI-first data quality platform with Atlan’s AI-native metadata and governance platform through Atlan’s App Framework, enterprises gain a seamless way to detect, resolve, and govern data issues directly within the tools their teams already use.

In this article, let’s dive deeper into how they together create a single fabric of trust + context that allows enterprises to move beyond pilots and scale AI responsibly.

Why is real-time validation at ingestion critical for reliable AI?

The failure point for most AI initiatives isn’t in the model, but rather it’s in the underlying data pipeline feeding it. Business Intelligence (BI) is inherently deterministic and descriptive, working with structured historical data to explain what happened through predefined reports and dashboards. AI, in contrast, is non-deterministic and predictive. It consumes both structured and unstructured data to learn patterns, forecast outcomes, and make autonomous decisions.

The old adage “garbage in, garbage out” takes on far higher stakes here. AI and LLMs always identify patterns from the inputs they receive and derive insights without context or judgment. If those inputs are incomplete, drifting, or biased, the model confidently reproduces those flaws at scale.
Traditional data quality approaches were designed for a reporting world, where errors could be corrected after a dashboard broke or a KPI looked suspicious. AI-native workloads break this model entirely. AI and autonomous systems operate at machine speed, where thousands of micro-decisions are made every second. Waiting until the BI or monitoring layer to enforce quality is simply too late, as the damage has already propagated through to downstream business-critical applications.

That’s why ingestion-layer validation has become non-negotiable. Data quality must be ensured before Agentic workflows can access or read the data, not after the data lands in the access layer, at the data lake, or before it enters the lake through event streams. Reliability must be enforced as data is ingested into the lake, especially in open formats like Apache Iceberg and Delta Lake, where it is profiled and validated before being published to production tables.

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This is exactly where Telmai comes in. Purpose-built for AI-first architectures, Telmai continuously monitors and validates data through your data pipeline, irrespective of volume or velocity. Telmai’s ML-driven and rule-based checks automatically detect anomalies, schema changes, and data drift before they impact production. Further, Telmai can publish data health KPIs into data catalogs and metadata systems like Atlan, enriching lineage and governance with real-time data quality context.

Agentic AI systems don’t have the luxury of waiting for late-stage fixes. They act in microseconds. That means trust must be built into data at ingestion, and that trust must travel with context across the enterprise, “ said Mona Rakibe, Co-Founder and CEO of Telmai. “With the App Framework, Telmai and Atlan will give teams a trusted data layer ready to power applications and integrations that let AI move beyond pilots and deliver at scale.”

How Atlan extends this trust with context

Trust in data is only half the story. For enterprises to scale AI responsibly, trust must travel with context so every consumer, whether human, system, or AI agent, knows what the data means, where it came from, and how it can be used.

As part of Atlan’s new App Framework, Telmai is now integrated directly into Atlan’s Metadata Lakehouse. For the first time, enterprises can unify monitoring within the same foundation that powers column-level lineage, business-ready data products, AI governance, and policy & compliance monitoring.

With this integration, customers using Telmai and Atlan can:

  • Unify trust and context in the Metadata Lakehouse – Telmai’s data quality signals, such as freshness, anomaly detection, schema changes, and volume drift, are automatically surfaced inside Atlan, enhancing lineage and metadata with actionable insights that empower data consumers and AI agents alike.
  • Enable true interoperability for agentic AI – For agentic systems to truly scale, interoperability is critical. The tools and services that agents depend on,  whether for validation, access, enrichment, or downstream action, must be accessible through a common layer. Atlan delivers this through its open Metadata Lakehouse by providing consistent, versioned context across raw ingestion data and curated data products, ensuring data fitness can be evaluated at every step.
  • Enforce policy and compliance at scale – With Telmai’s data quality metadata embedded in the context layer, data trust signals can flow downstream via column-level lineage and bidirectional tag management to other platforms like Databricks, Snowflake, or data access systems. When Data Quality issues are encountered, they can trigger automated governance workflows, ensuring policy compliance and reducing risk across autonomous AI pipelines.

Enterprises can’t scale AI responsibly without a foundation of trust and context. Telmai brings real-time, ingestion-level validation, and Atlan serves as the context layer, ensuring that trust travels with context across every system, workflow, and AI agent.” said Marc Seifer, Head of Global Alliances at Atlan. “Together, Telmai and Atlan are enabling organizations to move beyond pilots and build AI systems that operate reliably, responsibly, and at scale.”

Get AI-Ready—Now

For enterprises to successfully transition AI pilots into production, they need real-time, low-latency access to validated data, along with metadata that carries context about its health, lineage, and governance. Without this foundation, AI agents operate blindly, lacking visibility into whether the data they consume is fit for use, where it originated, or whether they are authorized to access it.

Telmai and Atlan close this gap. Telmai continuously monitors and validates data in open table formats, such as Apache Iceberg and more, as it lands in the lake layer, detecting anomalies and data quality issues before they propagate downstream. It then generates rich observability metadata, which flows into Atlan’s Metadata Lakehouse. There, these signals are combined with lineage, policies, and business glossaries, providing a complete picture of data health and context for both humans and AI agents.

By bringing Telmai’s data quality signals into Atlan’s Metadata Lakehouse, enterprises can now drive measurable impact on their AI implementation with reliability and context fabric that enables AI to scale responsibly.
Want to learn how Telmai and Atlan can work together to scale your existing data infrastructure to be AI-ready? Click here to connect with our team for a personalized demo.

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Novacap Announces Partnership with FyberCom to Accelerate Fiber Expansion in Idaho

Novacap

Novacap, a leading North American private equity firm, is pleased to announce that it has successfully closed its investment in FyberCom. The transaction marks the sixth platform investment by Novacap’s Digital Infrastructure Sector.

Headquartered in Idaho Falls, Idaho, FyberCom is a broadband service provider delivering high-speed fiber and fixed wireless internet to rural homes and businesses across Eastern Idaho. Since 2014, FyberCom has been committed to connecting underserved communities, with a strong focus in recent years on expanding its fiber network to meet the growing demand for reliable, high-speed connectivity.

“This partnership reflects our continued conviction in the rural broadband opportunity,” said Francois Laflamme, Senior Partner at Novacap. “FyberCom has built a strong local presence and a meaningful impact in the communities it serves. We are pleased to support the team as they continue to grow their network and expand access to essential digital infrastructure across Idaho.”

“This partnership with Novacap represents an important step forward for FyberCom,” said Jared Stowell, CEO of FyberCom. “We remain committed to delivering fast and reliable internet to rural communities and are excited to accelerate that mission with Novacap’s support.”

The investment reflects a shared commitment to supporting broadband expansion in underserved markets and aligns with a strategy of Novacap Digital Infrastructure Fund of partnering with companies that deliver essential connectivity across North America.

About FyberCom

Founded in 2014, FyberCom provides high-speed fiber and fixed wireless internet services to residential and commercial customers throughout Eastern Idaho. With a focus on rural and underserved communities, the company is dedicated to expanding reliable digital access across the region.

For more information, visit: fybercom.net

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 middle market and lower-middle market companies in four core sectors: Technologies, Digital Infrastructure, Industries and Financial Services. Novacap combines deep sector specific expertise and strategic and operational excellence to partner with entrepreneurs and management teams. Since its inception, the firm has made primary and add-on investments in more than 250 companies. With over US $10 billion in assets under management and a presence across offices in Montreal, Toronto, and New York, Novacap accelerates value creation through strategic growth initiatives and a strong focus on execution.

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Partners Group and CVC agree partnership to drive next phase of growth at International Schools Partnership, a leading global K-12 school platform

CVC Capital Partners
  • CVC will acquire a significant minority stake in ISP
  • ISP educates over 110,000 students in 111 schools across 25 countries
  • ISP follows a proven growth strategy, adding high-quality schools to its platform in locations with strong demand

Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients, is to welcome CVC Strategic Opportunities (“CVC”), a leading global private equity manager, as a significant minority shareholder in International Schools Partnership (“ISP” or “the Company”). CVC will acquire a 20% stake in the Company. Partners Group will remain the majority shareholder and OMERS, which acquired a minority stake in ISP in 2021, will also remain a shareholder.

Partners Group and the ISP management team founded the Company in 2013 and have since built it into one of the largest K-12 school platforms globally, educating over 110,000 students in 111 schools across 25 countries. ISP follows a proven growth strategy, adding high-quality schools to its platform in locations with strong demand and enhancing them with the Company’s differentiated learning approach. ISP aims to provide a holistic education and develop all aspects of a student’s learning experience, with a strong focus on academic progress, as well as the development of language, digital, and life skills.

During its ownership, Partners Group’s transformational investing approach has focused on helping ISP’s schools to deliver high quality education. In ISP’s next phase of growth, the new shareholder group and management team will work together on further driving the Company’s successful strategy. Key value creation initiatives will include adding new schools to the platform, investing in the development and implementation of proprietary technology solutions as part of teaching, and further expanding the infrastructure of schools to improve the student experience and provide room for future growth.

Steve Brown, Chief Executive Officer, International Schools Partnership, comments: “ISP’s schools seek to be the ‘school of choice’ in their area. We seek to cultivate lifelong learners who possess the resilience, adaptability, and self-belief to navigate a changing world and future working environments. Partners Group has always shared our fundamental belief in putting students and their education first. As we reflect on our growth to-date, we look forward to welcoming our new shareholders at CVC on board and continuing our mission.”

Andrew Deakin, Partner, Partners Group, says: “ISP is one of our proudest achievements as a private equity platform. We started with just an idea, a team, and a thematic conviction that the global education market would continue to grow. After over a decade of hard work, strategic planning, and careful execution alongside the talented management team, we stand as a global leader in K-12 education with a differentiated learning approach. The tailwinds driving our growth are strong and we are excited about the next chapter for ISP. We look forward to welcoming CVC as a new shareholder.”

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We are excited to embark on our partnership with ISP, one of the world’s leading K12 education platforms. The K-12 sector, and ISP in particular, is an excellent fit for our Strategic Opportunities strategy, which focuses on supporting value creation in long-term partnership investments.

Jan Reinier VoûteManaging Partner and Co-Head of CVC Strategic Opportunities

Jan Reinier Voûte, Managing Partner and Co-Head of CVC Strategic Opportunities, CVC, added: “We are excited to embark on our partnership with ISP, one of the world’s leading K12 education platforms. The K-12 sector, and ISP in particular, is an excellent fit for our Strategic Opportunities strategy, which focuses on supporting value creation in long-term partnership investments. We believe ISP is exceptionally well placed for continued growth and, most importantly, provides high-quality education to more than 110,000 students worldwide, creating long-lasting value for families and communities. We look forward to supporting this mission over the coming years, alongside Partners Group having successfully built the group since inception.”

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White Mountains to sell Bamboo to CVC

CVC Capital Partners

White Mountains Insurance Group, Ltd. (NYSE: WTM) (“White Mountains”) announced today that it has signed a definitive agreement to sell a controlling interest in Bamboo, a data-enabled insurance distribution platform providing homeowners’ insurance and related products to the residential property market in California and Texas, to funds advised by CVC Capital Partners (“CVC”). The transaction values Bamboo at $1.75 billion.

White Mountains expects the transaction will result in a gain of approximately $310 to its book value per share and net cash proceeds of approximately $840 million.  White Mountains will retain an approximately 15% fully-diluted equity stake in Bamboo post-closing, valued at $250 million based on the transaction.

“It has been our privilege to partner with Bamboo.  Its rapid growth is a testament to the value and innovation it is bringing to the homeowners’ insurance market,” said Manning Rountree, Chief Executive Officer of White Mountains.  “This transaction is a win-win for both White Mountains shareholders and Bamboo management and employees.  We want to thank John and the entire Bamboo team for all of their hard work, and we look forward to continued partnership with them and CVC,” added Liam Caffrey, President and Chief Financial Officer of White Mountains.

“We are extremely gratified by the success of Bamboo during our ownership.  This is a prime example of our approach to partnering with highly talented management teams in the insurance sector and supporting them with value-added resources and expertise to drive superior results for all stakeholders.  We look forward to working with our new partners at CVC to support Bamboo’s next chapter of growth,” added Chris Delehanty, Head of M&A of White Mountains.

“We thank the White Mountains team for their valuable guidance and support throughout our partnership.  They have been instrumental in making our vision a reality,” said John Chu, Chief Executive Officer of Bamboo. “This milestone represents the result of years of dedication and hard work by the entire Bamboo team and was only achieved with the support and confidence of our valued partners.  We could not be happier with the outcome.  While I’m incredibly proud of the growth we’ve achieved while staying true to our client-first values, we’re still in the early innings.  We are thrilled to welcome CVC on as our new majority capital partner alongside White Mountains as we embark on the next phase of Bamboo’s growth journey.”

“Bamboo is a one of a kind asset, deploying differentiated technology, speed and underwriting to serve the insurance needs of homeowners in California and Texas,” said Daniel Brand, Partner at CVC. Lorne Somerville, Managing Partner and Co-Head of CVC US added, “We believe Bamboo’s mix of high growth, recurring revenue and value to its partners make it an optimal fit for CVC’s US portfolio.”

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We believe Bamboo’s mix of high growth, recurring revenue and value to its partners make it an optimal fit for CVC’s US portfolio.

Lorne SomervilleManaging Partner and Co-Head of CVC US

The transaction is expected to close by the end of the fourth quarter of 2025.  The closing is subject to regulatory approvals and other customary closing conditions.  The closing is not subject to a financing condition.

White Mountains will file a current report on Form 8-K with the U.S. Securities and Exchange Commission containing a summary of terms and conditions of the proposed transaction.

Evercore Group L.L.C. acted as lead financial advisor, Piper Sandler & Co. acted as financial advisor, and Cravath, Swaine & Moore LLP served as legal counsel to White Mountains and Bamboo.  Willkie Farr & Gallagher acted as legal advisor to Bamboo management.  Latham & Watkins LLP acted as legal advisor to CVC.

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AURELIUS to acquire Xylem Inc.’s international smart meter division

Aurelius Capital
  • Definitive agreement reached for the acquisition of Xylem Inc.’s metering assets outside of North America
  • AURELIUS’ latest transaction involving a Fortune 500 company
  • The division generated approximately $250m in revenues in 2024 and employs more than 800 people

London/Luxembourg, October 2, 2025 – AURELIUS Private Equity Mid-Market Buyout has entered into a definitive agreement to acquire Xylem Inc.’s water and heat metering assets outside of North America.

Xylem Inc. is a Fortune 500 global water solutions company whose 23,000 employees delivered revenue of $8.6bn in 2024. Its international smart meters division, Sensus International, contributed approximately $250m to the group in 2024.

Sensus International, with a 130-year heritage, manufactures and sells mechanical and static water and heat meters, predominantly for residential markets in Europe. It operates manufacturing from two sites in Germany, where about one-half of its 800 employees are located, and one site in Slovakia.

This acquisition will mark AURELIUS’ latest transaction with a Fortune 500 counterparty.

AURELIUS’ confidence for the prospects of this business is based on the positive market trends driven by the accelerated roll-out of smart meters, as well as an impressive heritage and installed base to leverage in future. Extending its product range will only enhance its growth potential and ability to serve customers. Moreover, following completion of the carve-out, AURELIUS’ dedicated in-house operations advisory team AURELIUS WaterRise will work with management on identified levers to further increase efficiency and streamline processes.

Andrzej Cebrat, Managing Director AURELIUS Funds IV and V, says: “After our recent definitive agreements to buy FIAMM Energy Technologies in Italy and Landis+Gyr’s business in EMEA, we have now signed yet another deal, this time with Xylem. Based on AURELIUS’ extensive experience with reducing complexity and optimising operational performance, there are so many things we can help our new portfolio company achieve.”

Tristan Nagler, Partner at AURELIUS Investment Advisory, says: “We are delighted to have been selected by Xylem to acquire Sensus International, and are looking forward to establishing the business as a standalone organisation that can continue to deliver world-class solutions in the best interest of its many customers, suppliers and employees. We are ready to get to work with the Sensus International management team.”

The transaction is expected to close in Q1 2026, subject to the receipt of required regulatory approvals and other customary closing conditions.

AURELIUS was advised by Raymond James (M&A), Freshfields (Legal), CIL Management Consultants (Commercial), FTI Consulting (Financial), KPMG (Tax), and Aon (Insurance).

About AURELIUS

AURELIUS is a global private equity investor, distinguished and widely recognised for its operational approach. It focuses on private markets, in particular Private Equity and Private Debt. Its key investment platforms include AURELIUS Opportunities V, AURELIUS European Opportunities IV, AUR Portfolio III and AURELIUS Growth Investments (Wachstumskapital). AURELIUS has been growing significantly in recent years, especially expanding its global footprint, and today employs more than 400 professionals in 9 offices spanning Europe and North America.

AURELIUS is a renowned specialist for complex investments with operational improvement potential such as carve-outs, platform build-ups or succession solutions as well as bespoke financing solutions. To date, AURELIUS has completed more than 300 transactions, and has built a strong track record of delivering attractive returns to its investors. Its approach is characterised by its uncompromising focus on operational excellence and an unrivalled ability to efficiently execute highly complex transactions.

More info: www.aurelius-group.com

AURELIUS media contact:

Harald Kinzler
Head of Communications
harald.kinzler@aurelius-group.com
+44 7785 722 191

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CapMan Buyout exits Pharmia to Labomar

Capman

CapMan Buyout exits Pharmia to Labomar

Funds managed by CapMan Buyout have sold Pharmia Holding Oy, a leading Finnish contract manufacturer of dietary supplements and medical devices, to Labomar.

CapMan invested in Pharmia in 2021 and has since focused on growing the company’s business and market position in the Nordics. Today, the company is the leading contract manufacturer within dietary supplements and medical devices in the Nordics with a turnover of approximately 20 million euros and 85 employees. The company’s growth has been driven by a strategic focus on medical devices and probiotics, while simultaneously investing in R&D capabilities and operational efficiency improvements.

“During CapMan Buyout’s ownership period, Pharmia has successfully executed its growth strategy. I want to thank Pharmia’s management and personnel as well as my board colleagues for making this a successful investment. I am convinced that Labomar is the right partner for supporting the growth of Pharmia in the future,” says Anders Björkell, Partner at CapMan Buyout.

“I want to thank CapMan for their strong support over the past years. As a next step we are thrilled to be part of the Labomar family. This acquisition marks a strategic step forward in our mission to expand our footprint in the Nordic region and strengthen our capabilities in the development of high-quality food supplements and medical devices. Labomar’s expertise and values align seamlessly with ours, and together we look forward to driving innovation and delivering even greater value to our partners and customers,” comments Petteri Laaksomo, CEO of Pharmia.

Labomar is a leading European manufacturer of food supplements, medical devices and functional cosmetics, and is owned by Charterhouse Capital Partners. The company is headquartered in Italy with operations in Spain and Canada as well.

“We are proud of this new acquisition. Pharmia is a solid and well-structured company, with an approach and vision that we immediately recognised as being closely aligned with those of Labomar. The know-how and experience of its team represent an added value that will further contribute to the growth of our Group. The integration of Pharmia will also allow us to strengthen our presence in a strategically important geographic market and to consolidate our position in a key sector such as probiotics, thereby creating new synergies and further expanding our offering,” says Walter Bertin, founder and CEO of Labomar.

For more information, please contact:

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

Petteri Laaksomo, CEO, Pharmia, +358 50 552 5255

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 Pharmia

Pharmia is Finland’s leading contract manufacturer specialised in the development and manufacture of food supplements and medical devices (CE-marked products). Pharmia enhances people’s well-being by creating innovative solutions for their customers, which they produce with a concept “from idea to product”. Pharmia’s passion for well-being guides them to be more than just a contract manufacturer – they are a partner that implements and enables their customers’ success. https://pharmia.fi/en/.

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PAI Partners completes a €3.6 billion equity transaction to reinvest into Froneri, including significant co-investment from ADIA and new single-asset continuation vehicle led by Goldman Sachs Alternatives

PAI Partners

PAI Partners (“PAI”), a pre-eminent private equity firm, today announces the successful completion of a €3.6 billion equity transaction and the establishment of a new ownership structure for its c. 50% stake in Froneri (the “Company”), the global pure-play leader in ice cream.

As part of establishing the new ownership structure, a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) will become a significant minority co-investor in Froneri, alongside PAI and a new single-asset continuation vehicle (the “CV”). The CV constitutes one of the largest single asset CV transactions in Europe to date, led by Vintage Strategies at Goldman Sachs Alternatives.

The CV was oversubscribed, reflecting strong demand from both existing and new investors, and confidence in Froneri’s long-term growth prospects. This follows the Company’s successful debt financing earlier this year, further strengthening its balance sheet and supporting its future expansion.

Froneri was formed in 2016 through a 50:50 joint venture to combine PAI’s R&R Ice Cream with Nestlé’s European ice cream business. Since then, it has been transformed from a predominantly European, private-label producer into a brand-led, global business with €5.5 billion in revenue.

Today, Froneri is a leader in each of its core markets, combining a portfolio of iconic ice cream brands with strong innovation capabilities and operational expertise. It also holds leading positions in the fast-growing snacking and premium segments, supported by trusted brand partnerships and a well-invested supply chain.

Going forward, Froneri has an opportunity to further build on this performance by leveraging its established value-creation playbook, focusing on robust organic growth, operational efficiency and strategic market consolidation.

Frédéric Stévenin, Co-Managing Partner at PAI Partners, said: “Froneri is a clear example of PAI’s ability to create and grow global champions in the consumer sector. Since we first partnered with Nestlé in 2016, the business has successfully expanded into new markets, strengthened its branded portfolio and established itself as a global leader. This success is also a testament to the strength and commitment of Froneri’s management team. We are proud to continue our journey with Froneri and Nestlé, and to welcome ADIA and other leading global institutions as shareholders for Froneri’s next phase of growth.”

Phil Griffin, CEO of Froneri, said: “Froneri has grown into one of the world’s leading ice cream companies since its formation in 2016. The renewed commitment of our partners, combined with the addition of new investors and capital, reflects confidence in our business and reinforces the strong partnership that underpins our growth. We look forward to building on this momentum in the years ahead.”

Hamad Shahwan Aldhaheri, Executive Director of the Private Equities Department at ADIA, said: “Froneri is a leading global consumer business with strong prospects for the future. This transaction offers a compelling opportunity to support the Company for its next phase of growth alongside experienced and proven partners.”

Gabriel Mollerberg, Managing Director at Goldman Sachs Alternatives, said: “We are excited to continue the journey with Froneri and partnership with PAI as the lead investor in the new continuation vehicle. Froneri’s market positioning, attractive financial characteristics, exceptional operational execution and strong alignment with all key shareholders made it a strong continuation vehicle candidate. We look forward to this next chapter alongside PAI and management.”

Evercore acted as the sole financial adviser to PAI on the CV transaction. Rothschild acted as corporate finance advisers to Froneri. Deutsche Bank acted as an exclusive financial adviser to ADIA.

Contacts

PAI Partners
Dania Saidam
+44 20 7297 4678

Abu Dhabi Investment Authority
Garry Nickson
+971 2 415 6085

Goldman Sachs Alternatives
Joseph Stein
+44 207 774 4080

About Froneri

Froneri is a leading global pure-play ice cream manufacturing company with a track record of operational excellence, a portfolio of iconic and much-loved brands and a significant presence across snacking markets in Europe, the US and the rest of the world. The business was created in 2016 as a joint venture between PAI Partners and Nestlé, and today is present in 25 countries, with annual revenue of more than €5.5 billion and over 12,000 employees worldwide. https://www.froneri.com/.

About PAI Partners

PAI Partners is a pre-eminent private equity firm investing in market-leading companies across the globe. The Firm has more than €28 billion of assets under management and, since 1994, has completed over 100 investments in 12 countries and realised more than €33 billion in proceeds from over 60 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.

About ADIA

Established in 1976, the Abu Dhabi Investment Authority (“ADIA”) is a globally-diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation. For more information: https://www.adia.ae.

About Vintage Strategies at Goldman Sachs Alternatives

Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience. Established in 1998, Vintage Strategies at Goldman Sachs Asset Management has invested over $80 billion since inception and has been a pioneer in the industry. The business provides liquidity, capital and partnering solutions to private market investors and managers worldwide across private equity strategies. Follow us on LinkedIn.

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CVC raises €10.4 billion for its European direct lending strategy

CVC Capital Partners

CVC Credit, the global credit management business of CVC, is pleased to announce the final close of its fourth European Direct Lending fund (“EUDL IV”)

CVC has raised €10.4 billion1 to deploy across the European Direct Lending opportunity, representing a significant increase over CVC’s prior European Direct Lending funds, which raised €6.3 billion1 in 2022 and €1.3 billion1 in 2020.

The growth of CVC’s European Direct lending platform has been underpinned by CVC’s deep local relationships across its network of sixteen European offices, and CVC’s focus on Europe for over forty years.

Rob Lucas, CEO at CVC said: “This is an excellent outcome for our latest European Direct Lending fund reflecting strong investment performance and deep and longstanding relationships with the highest quality institutional investors.

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This is an excellent outcome for our latest European Direct Lending fund reflecting strong investment performance and deep and longstanding relationships with the highest quality institutional investors

Rob LucasCEO, CVC

“CVC’s Credit platform benefits greatly from our international network of 30 local offices and its deep investment expertise. We are the number one CLO manager and a top three Private Credit manager in Europe. Our Liquid and Private Credit strategies have grown consistently over recent years and together now account for nearly a quarter of CVC’s total assets under management. We continue to see a significant number of opportunities for further growth in our Credit platform and forms a key part of our broader ambitions in Insurance and Private Wealth.”

Andrew Davies, Managing Partner, Head of CVC Credit, said: “We are extremely grateful for the continued trust and support of CVC’s global investor base. The European private credit market has developed significantly in recent years, driven by structural tailwinds and the increasing relevance of private credit within the wider credit ecosystem. We have capitalised on this market shift to scale our platform and deepen our resources, establishing CVC Credit as one of the top three private credit players in Europe.

“Looking ahead, our focus remains on delivering compelling financing solutions for Europe’s leading financial sponsors. By leveraging the insights from CVC’s leading Private Equity platform and the strength of the wider CVC Network, we are ideally positioned to act as a reliable long-term partner and to continue to take advantage of the significant European credit opportunity.”

EUDL IV has already made strong progress, committing to more than 30 investments. Recent transactions completed by EUDL IV include: KKR’s buyout of Immedica Pharmathe acquisition and growth strategy of smartTradeCinven’s acquisition of idealistaacting as sole lender for the acquisition of Innovative Beauty Group; and, supporting the delisting of Alpha FMC from the AIM market of the London Stock Exchange by Bridgepoint.

CVC Credit manages total assets of more than €48 billion (€43 billion of fee paying AUM) across its Liquid Credit and Private Credit businesses. The Private Credit platform comprises its European Direct Lending and Capital Solutions strategies with assets of more than €18 billion.

1. Taken together with parallel investment funds and accounts

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Renta Acquires Tornby Byggmaskiner

IK Partners

Renta Group Oy (“Renta Group” or “Renta”) acquires Tornby Byggmaskiner Holding AB (“TBM” or “the Company”). TBM is a Swedish general rental company operating in the Östergötland region out of three depots. The Company has more than 20 employees and annual revenues of approximately SEK 80 million.

With the acquisition Renta further strengthens its position in Linköping and expands its depot network to Motala and Mjölby. TBM is an excellent addition to Renta’s Swedish operations with its strong profitability and skilled staff. As part of Renta, TBM will benefit from leveraging Renta’s full product range and from implementing Renta’s digital solutions. The strong local market position and experienced management team of TBM creates a solid foundation for continued growth in the region.

The acquisition has been completed.

Joacim Johansson, Managing Director at Renta Sweden, said: “We are very pleased to welcome TBM into Renta. This acquisition is an excellent fit geographically that further strengthens our position in the Östergötland region and marks another step towards our ambition to build a nationwide rental network in Sweden. With TBM’s strong local reputation and capabilities, we see great opportunities ahead. We look forward to working together with the talented team at TBM. “

Elias Andreasson of TBM, said: “We are excited to become part of Renta. By joining forces, we will be able to expand our offering and take on larger projects, while continuing to serve our customers with the same high-quality service as before. Our customers will further benefit from Renta’s digital solutions and broader product portfolio. I am confident that Renta will provide a good home to our employees, and that together we will be able to strengthen our position in the region. ”

Enquiries: ir@renta.com

About Renta Group

Renta Group is a Northern European full-service equipment rental company founded in 2015. The Company has operations in Finland, Sweden, Norway, Denmark, Poland, and the Baltics, with 191 depots and more than 2,300 employees. Renta is a general rental company with a wide range of construction machines and equipment along with related services. In addition to operating a network of general rental depots, Renta is a supplier of specialty rental equipment and services. For more information, visit www.renta.com

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About TBM

Tornby Byggmaskiner Holding AB is a Swedish general rental company, founded in 2015. The Company has three depots located in Linköping, Motala and Mjölby. For more information, visit www.tbmhyrut.se

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ChiroHD Acquires SKED and Spark, Establishing an Ecosystem to Help Chiropractors Better Serve Patients and Grow Business

Mainsail partners

ChiroHD, the leading cloud-native practice management platform for chiropractors, today announced the acquisitions of SKED and Spark, two of the profession’s most respected patient engagement companies. SKED brings mobile-first scheduling and communication automation trusted by thousands of clinics, while Spark delivers AI-powered engagement flows that improve retention and consistency without staff effort. Together, these solutions strengthen ChiroHD’s vision of building a seamless ecosystem that reduces administrative stress, improves patient follow-through, and unlocks new growth opportunities—keeping doctors focused on delivering life-changing care.

“Chiropractors step into practice because they want to impact lives, not wrestle with paperwork, billing, or endless administrative headaches,” said Gabriel Doty, CEO and co-founder of ChiroHD. “We’re eliminating business friction and giving chiropractors back the freedom to focus on what truly matters: restoring health and hope through the adjustment.”

Under Doty’s leadership, ChiroHD pioneered intuitive practice management software and set a new standard for streamlined workflows and evidence-based chiropractic metrics. With SKED, founded by Dr. Erik Kowalke, chiropractors gained the industry’s most trusted scheduling and communication platform, recognized on the Inc. 5000 list year after year. Now with Spark’s next-generation AI-powered engagement capabilities, the combined platform represents a significant leap forward for the chiropractic profession.

“This is a major step forward for chiropractic,” said Dr. Erik Kowalke, founder of SKED. “From day one, SKED was built to help practices connect with their patients more meaningfully. By joining forces with ChiroHD and integrating Spark’s intelligent automation, we’re creating a connected ecosystem that streamlines the day-to-day and helps doctors inspire consistency and commitment in their patients.”

Solving Business Burdens so Chiropractors Can Deliver Life-Changing Care
Across the profession, chiropractors continue to voice the same challenges: insurance headaches, scheduling chaos, overwhelming documentation, and the strain of running a business when their true passion is adjusting spines and serving families.By bringing ChiroHD, SKED, and Spark together in one connected system, chiropractors gain:

ChiroHD: Doctor-first EHR and practice management

SKED: Seamless scheduling, messaging, and automation

Spark: AI-powered patient engagement and retention

This integrated approach allows clinics to run their entire practice from a single platform, confident that administrative details are handled while they focus on restoring nervous system health and fueling practice growth.Learn more and sign up for the upcoming webinar at www.chirohd.com/web/landing-pages/chirohd-expands

About ChiroHD
ChiroHD is a cloud-based EHR solution and a passionate advocate for the chiropractic community. With a mission to simplify business so chiropractors can amplify impact, ChiroHD partners with practices from single-doctor offices to multi-location groups and franchises. The platform offers a 4.9-star support rating and collaborates with leading chiropractic universities on research initiatives. Learn more at www.chirohd.com.

About SKED
Founded by Dr. Erik Kowalke out of a thriving family practice, SKED has become chiropractic’s leading communication and automation platform. Designed by chiropractors for chiropractors, SKED simplifies patient scheduling, reminders, and digital intake while reducing front desk chaos. Clinics using SKED see fewer no-shows, stronger visit consistency, and more 5-star reviews, allowing doctors to focus on care instead of logistics. Learn more at www.sked.life.

About Spark
Spark is the AI-powered patient engagement solution that helps chiropractors inspire patients beyond the adjustment table. By using intelligent automation, Spark keeps patients consistent, accountable, and excited about their care. From converting website visitors with an AI chatbot to reactivating patients who’ve drifted away, Spark extends a doctor’s impact and strengthens long-term outcomes—without adding front desk workload. Learn more at www.sparkpatients.com.

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