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EA Announces Agreement to be Acquired by PIF, Silver Lake, and Affinity Partners for $55 Billion

Silverlake

Accelerates EA’s Strategic Vision to Advance the Future of Entertainment

Stockholders to Receive $210 Per Share in Cash Representing 25% Premium to Unaffected Share Price

Transaction Represents Largest All-Cash Sponsor Take-Private Investment in History

REDWOOD CITY, Calif. – September 29, 2025 – Electronic Arts Inc. (NASDAQ: EA) (“EA” or the “Company”), a global leader in interactive entertainment, today announced that it has entered into a definitive agreement to be acquired by an investor consortium (“the Consortium”) comprised of PIF, Silver Lake, and Affinity Partners in an all-cash transaction that values EA at an enterprise value of approximately $55 billion. The transaction positions EA to accelerate innovation and growth to build the future of entertainment.

Under the terms of the agreement, the Consortium will acquire 100% of EA, with PIF rolling over its existing 9.9% stake in the Company. EA stockholders will receive $210 per share in cash. The per share purchase price represents a 25% premium to EA’s unaffected share price of $168.32 at market close on September 25, 2025, the last fully unaffected trading day, and a premium to EA’s unaffected all-time high of $179.01 at market close on August 14, 2025.

PIF, Silver Lake, and Affinity Partners bring deep sector experience, committed capital, and global portfolios with networks across gaming, entertainment, and sports that offer unique possibilities for EA to blend physical and digital experiences, enhance fan engagement, and create new growth opportunities. The transaction represents the largest all-cash sponsor take-private investment in history, with the Consortium partnering closely with EA to enable the Company to move faster and unlock new opportunities on a global stage.

“Our creative and passionate teams at EA have delivered extraordinary experiences for hundreds of millions of fans, built some of the world’s most iconic IP, and created significant value for our business. This moment is a powerful recognition of their remarkable work,” said Andrew Wilson, Chairman & CEO of Electronic Arts. “Looking ahead, we will continue to push the boundaries of entertainment, sports, and technology, unlocking new opportunities.

Together with our partners, we will create transformative experiences to inspire generations to come. I am more energized than ever about the future we are building.”

“PIF is uniquely positioned in the global gaming and esports sectors, building and supporting ecosystems that connect fans, developers, and IP creators,” said Turqi Alnowaiser, Deputy Governor and Head of International Investments at PIF. “PIF has demonstrated a strong commitment to these sectors, and this partnership will help further drive EA’s long-term growth, while fueling innovation within the industry on a global scale.”

“This investment embodies Silver Lake’s mission to partner with exceptional management teams at the highest quality companies. EA is a special company: a global leader in interactive entertainment, anchored by its premier sports franchise, with accelerating revenue growth and strong and scaling free cash flow. We are honored to invest and partner with Andrew – an extraordinary CEO who has doubled revenue, nearly tripled EBITDA, and driven a fivefold increase in market cap during his tenure,” said Egon Durban, Co-CEO and Managing Partner of Silver Lake. “The future for EA is bright, we are going to invest heavily to grow the business and we are excited to support Andrew and the EA team as the company accelerates innovation, expands its reach worldwide, and continues to deliver incredible experiences to players and fans across generations.”

“Electronic Arts is an extraordinary company with a world-class management team and a bold vision for the future. I’ve admired their ability to create iconic, lasting experiences, and as someone who grew up playing their games – and now enjoys them with his kids – I couldn’t be more excited about what’s ahead,” said Jared Kushner, Chief Executive Officer of Affinity Partners.

“The Board carefully evaluated this opportunity and concluded it delivers compelling value for stockholders and is in the best interests of all stakeholders,” said Luis A. Ubiñas, Lead Independent Director of EA’s Board of Directors. “We are pleased that this transaction delivers immediate and certain cash value to our stockholders while strengthening EA’s ability to continue building the communities and experiences that define the future of entertainment.”

Transaction Details

The transaction was approved by EA’s Board of Directors, is expected to close in Q1 FY27 and is subject to customary closing conditions, including receipt of required regulatory approvals and approval by EA stockholders. Following the close of the transaction, EA’s common stock will no longer be listed on any public market.

The transaction will be funded by a combination of cash from each of PIF, Silver Lake, and Affinity Partners as well as roll-over of PIF’s existing stake in EA, constituting an equity investment of approximately $36 billion, and $20 billion of debt financing fully and solely committed by JPMorgan Chase Bank, N.A., $18 billion of which is expected to be funded at close. Each of PIF, Silver Lake, and Affinity Partners plan to fund the equity component of the financing entirely from capital under their respective control.

Upon completion of the transaction, EA will remain headquartered in Redwood City, California and continue to be led by Andrew Wilson as CEO.

Advisors

Goldman Sachs & Co. LLC is serving as EA’s financial advisor and Wachtell, Lipton, Rosen & Katz is serving as EA’s legal advisor.

Kirkland & Ellis LLP is serving as legal counsel to the Consortium. Kirkland & Ellis LLP is serving as lead legal counsel for PIF with specialized counsel from Gibson, Dunn & Crutcher LLP. Latham & Watkins LLP and Simpson Thacher & Bartlett LLP are serving as Silver Lake’s legal counsel. Sidley Austin LLP is serving as Affinity Partners’ legal counsel.

J.P. Morgan Securities LLC is serving as financial advisor to the Consortium.

As a result of this announcement, for its Q2 FY26 earnings release scheduled for October 28, 2025, EA will release financial and operational results through a press release and will not hold a conference call or webcast.

About Electronic Arts

Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.

In fiscal year 2025, EA posted GAAP net revenue of approximately $7.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS FC™, Battlefield™, Apex Legends™, The Sims™, EA SPORTS™ Madden NFL, EA SPORTS™ College Football, Need for Speed™, Dragon Age™, Titanfall™, Plants vs. Zombies™ and EA SPORTS F1®. More information about EA is available at www.ea.com/news.

EA, EA SPORTS, EA SPORTS FC, Battlefield, Need for Speed, Apex Legends, The Sims, Dragon Age, Titanfall, and Plants vs. Zombies are trademarks of Electronic Arts Inc. John Madden, NFL, FIFA and F1 are the property of their respective owners and used with permission.

About PIF

PIF is one of the world’s most impactful investors, enabling the creation of key sectors and opportunities that help shape the global economy, deliver returns and drive the economic transformation of Saudi Arabia. The gaming and esports industry is one of its priority sectors, contributing to the diversification of the local economy, while at the same time driving investment returns.

About Silver Lake

Silver Lake is a global technology investment firm, with more than $110 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe and Asia. Silver Lake’s portfolio companies collectively generate approximately $260 billion of revenue annually and employ approximately 448,000 people globally.

About Affinity Partners

Affinity Partners is a Miami-based investment firm founded in 2021 by Jared Kushner. With over $5.4B under management and a team of 30+ professionals, Affinity focuses on growth equity, financial services, and technology investments at scale, with a flexible mandate across industries and geographies.

Cautionary Statement Regarding Forward-Looking Statements

Some statements set forth in this release contain forward-looking statements that are subject to change. Statements including words such as “anticipate,” “believe,” “expect,” “intend,” “estimate,” “plan,” “predict,” “seek,” “goal,” “will,” “may,” “likely,” “should,” “could” (and the negative of any of these terms), “future” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters may identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the benefits of and timeline for closing the transaction. These forward-looking statements are based on various assumptions, whether or not identified in this press release, are not guarantees of future performance and reflect management’s current expectations. Our actual performance could differ materially from those discussed in the forward-looking statements. Some of the factors which could cause the Company’s results to differ materially from its expectations include the following: the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the proposed transaction that could delay the consummation of the proposed transaction or cause the parties to abandon the proposed transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement entered into in connection with the proposed transaction; the possibility that the Company’s stockholders may not approve the proposed transaction; the risk that the parties to the merger agreement may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all; risks related to disruption of the Company’s business resulting from the transaction, including disruption of management time from ongoing business operations due to the proposed transaction; risks relating to certain restrictions during the pendency of the proposed transaction that may impact the ability of the Company to pursue certain business opportunities or strategic transactions; the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the Company’s common stock, including if the proposed transaction is not consummated; the risk of any unexpected costs or expenses resulting from the proposed transaction; the risk of any litigation relating to the proposed transaction; the risk that the proposed transaction and its announcement could have an adverse effect on the ability of the Company to retain and hire key personnel and to maintain relationships with customers, vendors, partners, employees, stockholders and other business relationships and on its operating results and business generally; and the risks and uncertainties that will be described in the proxy statement available from sources indicated below. Further information on factors that could cause actual results to differ materially from the results anticipated by the forward-looking statements is described in Part I, Item 1A of Electronic Arts’ latest Annual Report on Form 10-K under the heading “Risk Factors”, as well as in Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other documents we have filed with the Securities and Exchange Commission (the “SEC”). These filings are available on the investor relations section of the Company’s website at https://ir.ea.com or on the SEC’s website at https://www.sec.gov. The forward-looking statements made in this press release are current only as of the date hereof. Electronic Arts assumes no obligation to revise or update any forward-looking statement, except as required by law.

Additional Information and Where to Find It

In connection with the proposed transaction between the Investor Group and the Company, the Company will file with the SEC a preliminary Proxy Statement of the Company (the “Proxy Statement”). The Company plans to mail to its stockholders a definitive Proxy Statement in connection with the proposed transaction. THE COMPANY URGES YOU TO READ THE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE INVESTOR GROUP, THE PROPOSED TRANSACTION AND RELATED MATTERS. You will be able to obtain a free copy of the Proxy Statement and other related documents (when available) filed by the Company with the SEC at the website maintained by the SEC at https://www.sec.gov. You also will be able to obtain a free copy of the Proxy Statement and other documents (when available) filed by the Company with the SEC by accessing the investor relations section of the Company’s website at https://ir.ea.com or by contacting the Company’s investor relations department at ir@ea.com or calling (650) 628-0406.

Participants in the Solicitation

The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company’s stockholders in connection with the merger.

Information regarding the directors and executive officers of the Company is set forth (i) in the Company’s definitive proxy statement for its 2025 Annual Meeting of Stockholders, including under the headings “Proposal 1: Election of Directors,” “Compensation Discussion and Analysis,” “Executive Compensation Tables,” “Security Ownership of Certain Beneficial Owners and Management” and “Related Persons Transactions,” which was filed with the SEC on June 24, 2025 and is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/0000712515/000130817925000556/ea 014143-def14a.htm, and (ii) to the extent holdings of the Company’s securities by its directors or executive officers have changed since the amounts set forth in the Company’s definitive proxy statement for its 2025 Annual Meeting of Stockholders, such changes have been or will be reflected on Initial Statement of Beneficial Ownership of Securities on Form 3, Statement of Changes in Beneficial Ownership on Form 4, or Annual Statement of Changes in Beneficial Ownership on Form 5 filed with the SEC, which are available at EDGAR Search Results https://www.sec.gov/edgar/browse/?CIK=712515&owner=only.

Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Proxy Statement and other relevant materials to be filed with the SEC when they become available. You may obtain free copies of these documents through the website maintained by the SEC at https://www.sec.gov.

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Motors & Armatures to Sell Parts Division to CSW Industrials for $650 Million

Platinum

Transaction follows significant operational transformation of MARS under Platinum Equity ownership

MARS to continue investing in growth of equipment business

LOS ANGELES (Oct. 1, 2025) – Platinum Equity portfolio company Motors & Armatures (MARS) today announced it has signed a definitive agreement to sell its parts division (“MARS Parts”) to CSW Industrials, Inc. (NYSE: CSW) for $650 million in cash, subject to customary closing adjustments. The transaction also includes an earn-out valued at up to $20 million based on the achievement of revenue targets in the year after closing.

The transaction is expected to close before the end of calendar year 2025, subject to regulatory approval and other conditions.

Headquartered in Hauppauge, New York, MARS is a leading North American distributor of HVAC/R parts, supplies and equipment. MARS Parts specializes in motors, capacitors, and other components and supplies used for HVAC/R repairs and replacements.

The sale does not include the MARS equipment distribution division, which will remain a standalone business in Platinum Equity’s portfolio and continue to operate under the name Heat Controller.  Heat Controller offers residential and commercial heating, cooling, and dehumidification equipment under the Comfort-Aire and Century brands.

“Over the past year and a half, we’ve partnered with the MARS team to transform the business and create significant value. This transaction allows us to realize part of that value while finding a natural home for the parts division at CSW where it can continue to thrive. ”

Jacob Kotzubei, Co-President, Platinum Equity

Since investing in MARS in July 2024, Platinum Equity has led a comprehensive transformation of the company, including:

  • Completing the strategic acquisition of Global, the Source, bringing US-based in-house manufacturing capabilities to MARS and enhancing the combined company’s financial profile
  • Expanding into new product categories such as pads, pans, equipment hangers, float switches, chemicals, and other accessories
  • Driving significant cost savings across procurement, freight, and damage reduction
  • Recruiting a world-class management team from a leading HVAC OEM, led by Philip Windham as CEO

Windham will continue as CEO of Heat Controller following the sale of MARS Parts. He expressed optimism about the future of both divisions.

“We’re proud of the progress we’ve made and grateful to the talented team in our parts division,” said Windham. “We’ll be cheering for their continued success as part of the CSW family. At the same time, we’re energized by the growth ahead for Heat Controller and excited to build on the momentum we’ve created.”

MARS anticipates a smooth transition, as MARS Parts and Heat Controller have operated largely independently.

“Over the past year and a half, we’ve partnered with the MARS team to transform the business and create significant value,” said Platinum Equity Co-President Jacob Kotzubei. “This transaction allows us to realize part of that value while finding a natural home for the parts division at CSW where it can continue to thrive. We remain bullish on the HVAC sector long term and will continue putting our financial and operational resources to work.”

Platinum Equity said it will actively support Heat Controller’s ongoing expansion.

“We have an outstanding leadership team that is eager to scale and create additional value,” said Platinum Equity Managing Director Dan Krasner. “We will continue to diversify and expand Heat Controller’s product portfolio and extend the company’s reach to new customers, both organically and through strategic M&A.”

About Platinum Equity

Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $50 billion of assets under management and a portfolio of approximately 60 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 30 years Platinum Equity has completed more than 500 acquisitions.

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KKR Expands Strategic Partnership with ADNOC with Gas Pipelines Investment

KKR
  • KKR makes long-term investment in ADNOC Gas Pipeline Assets LLC, reflecting the firm’s confidence in ADNOC and in Abu Dhabi as a premier investment destination
  • Transaction builds on KKR and ADNOC’s 2019 landmark oil pipelines deal, which catalyzed additional foreign direct investment into Abu Dhabi and similar transactions in the region
  • KKR’s increased capital commitment in the Middle East reinforces its longstanding and expanding presence in the region and global leadership in critical infrastructure

Abu Dhabi, United Arab Emirates (UAE), 1 October, 2025 – KKR, a leading global investment firm, today announced that KKR has acquired a minority stake in ADNOC Gas Pipeline Assets LLC. The new investment further strengthens KKR’s long-term strategic partnership with the Abu Dhabi National Oil Company (ADNOC), and reflects the firm’s confidence in Abu Dhabi’s competitiveness as a premier global investment destination.

This transaction follows KKR and ADNOC’s landmark 2019 oil pipelines deal, a first for the region that continues to serve as a template for further transactions across the Middle East. The structures allow regional partners to access new pools of global institutional capital while maintaining operating control over the assets. 

“We are pleased to expand our strategic partnership with ADNOC and to invest further in Abu Dhabi’s long-term prosperity and critical infrastructure,” commented General David Petraeus (US Army, Ret.), Partner, KKR, Chairman of the KKR Global Institute, and Chairman of KKR Middle East. “This investment reflects KKR’s commitment to expand partnerships and investment across the Middle East. The region’s strong fundamentals, bold vision, and focused leadership offer increasingly attractive opportunities for global investors.”

Cristina González, Managing Director, Infrastructure at KKR, added: “KKR has a long history of owning and operating critical national infrastructure worldwide, collaborating closely with governments. This strategic partnership leverages KKR’s expertise in infrastructure investments and ADNOC’s operational excellence to deliver practical energy solutions. This investment in ADNOC Gas Pipeline Assets provides access to high-quality, long-dated yield alongside an outstanding partner in ADNOC. ”

The gas pipeline network connects ADNOC’s upstream assets to local off-takers in the UAE. Pipeline ownership and operational management remain with ADNOC. KKR is acquiring a minority stake through its managed accounts, matching the type and tenure of the investment with long-duration capital.

The strategic partnership with ADNOC highlights KKR’s commitment to the broader Middle East, expanding on the firm’s 16-year local presence and its investments in key sectors that support regional growth. Earlier this year, KKR announced the appointment of General Petraeus as Chairman of the Middle East and the establishment of a dedicated regional investment team led by Julian Barratt-Due. Also in 2025, KKR invested in Dubai-based Gulf Data Hub, a leading independent data center platform, which is expected to help accelerate digital transformation and AI leadership in the region.

Since establishing its Global Infrastructure Strategy in 2008, KKR has been one of the most active infrastructure investors worldwide, managing over $90 billion in infrastructure assets with a team of more than 130 professionals across North America, Europe, the Middle East, and Asia Pacific.

About KKR

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

Media contacts
Annabel Arthur, KKR
+44 7554 919 491
Annabel.Arthur@kkr.com

 

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Smith Hill Capital and Bain Capital Announce $216 Million Refinancing for 774-Room Westin New York Grand Central

BainCapital

NEW YORK – October 1, 2025 — Smith Hill Capital, the fully integrated commercial real estate debt investment management business of Procaccianti Companies, and Bain Capital today announced the firms’ joint venture completed a $216 million refinancing for the iconic Westin New York Grand Central Hotel.

Centrally located in the heart of Midtown Manhattan on East 42nd Street, one block from Grand Central Terminal, the hotel is within walking distance of top office tenants, tourist landmarks, and major transit access points. The 774-key Westin New York Grand Central features 18,750 square feet of flexible meeting and event space, a full-service restaurant — Amuse Marketplace & Bar — as well as a fitness center and valet parking. The property was acquired by its current ownership in 2019 and underwent extensive renovations in 2021.

“The Westin Grand Central is a flagship property in one of the world’s most dynamic lodging markets. Its proximity to Grand Central Terminal and Midtown’s largest employers makes it a cornerstone asset for both business and leisure travel,” said Brendan McCormick, Managing Principal, Smith Hill Capital. “Together with Bain Capital, we continue to pursue opportunities in premier urban markets as well as high-quality destination markets where we see consistent demand and long-term value creation potential.”

“This transaction further demonstrates our ability to provide flexible and creative capital solutions for high-quality assets and borrowers,” said David DesPrez, a Partner at Bain Capital Special Situations. “We are pleased to be selected as the partner of choice on this transaction and look forward to supporting the continued growth of this exceptional asset.”

“We’re proud to have facilitated this successful refinancing, marking another milestone in our long-standing relationship with this exceptional asset,” said Kevin Davis, Americas CEO of JLL’s Hotels & Hospitality Group. “This transaction not only provides our client with enhanced financial flexibility but also demonstrates the continued investor confidence in premier Manhattan hospitality assets.

Smith Hill and Bain Capital’s joint venture focuses on serving the financing needs of hospitality companies and assets in demand-driven markets across the U.S. The partnership combines decades of industry and capital markets experience with a highly attractive market opportunity.

JLL’s Hotels & Hospitality Group represented the sponsors in the transaction.

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About Smith Hill Capital
Smith Hill Capital (“Smith Hill” or “SHC”) is the fully integrated commercial real estate debt investment management business of the Procaccianti Companies (est. 1958). Smith Hill Capital was formed to invest in compelling commercial real estate debt opportunities that exist due to liquidity challenges and dislocation in commercial real estate financial markets. Smith Hill Capital is led by seasoned investment professionals who have multi-cycle investment experience and the tenured skill set to identify opportunities throughout the entire commercial real estate capital structure, spanning from securities to equity ownership. For more information, please visit www.smithhillcapital.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. 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 @BainCapital on LinkedIn and X (Twitter).

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GreenShift secures €2.35M in round by 4impact capital, The Footprint Firm and Rockstart

4Impact

GreenShift, an Amsterdam-based AI powered technology company revolutionizing sustainable cloud computing, has raised €2.35 million in a Convertible Loan Agreement (CLA) round. The investment was led by 4impact capital and The Footprint Firm with continued support from Rockstart.

The fresh capital will enable team growth and support GreenShift’s efforts to deepen enterprise partnerships, advancing its mission to become the operating system for sustainable cloud computing.

Tackling the urgent challenge of cloud emissions

The global cloud market is valued at over €900 billion and growing at a 21% CAGR. With cloud computing already generating more CO₂ emissions than the aviation industry, data centers are projected to account for up to 2.5 billion tons of CO₂ by 2030, nearly 40% of U.S. annual emissions. Today, cloud computing is estimated to account for roughly 2.5–3.7% of global greenhouse gas emissions. A significant share of this footprint is amplified by inefficiencies, such as idle provisioning, complex application deployment architectures that prevent easy cost and emissions attribution, and under-optimised application logic that reduce overall energy use effectiveness. This represents both a massive sustainability challenge and a strategic opportunity: without intervention, cloud and AI workloads will continue to drive unsustainable energy demand.

GreenShift’s solution: Full-stack visibility, real-time optimisation and carbon aware automation

Unlike existing solutions, many of which focus on infrastructure-level optimisation, GreenShift operates at the application layer, where most inefficiencies originate. GreenShift’s AI-powered platform reduces cloud application energy usage by up to 40%. By unifying cost, performance, and carbon into a single optimization engine, it enables organizations to lower emissions and significantly cut cloud costs while driving performance. Unlike traditional optimization initiatives that force a trade-off between cost and performance, GreenShift removes that compromise as well. The result is a step-change in cloud sustainability: lower costs, higher performance, and significantly reduced environmental impact.

Strategic investors supporting GreenShift’s growth

Omar Regoort and Leonid Borodaev, Co-CEOs of GreenShift, stated:

“Our vision is to lead the global shift to sustainable cloud computing. By building the operating system for sustainable cloud, we ensure digital growth is efficient, high-performing, and green by default. With 4impact, The Footprint Firm, and Rockstart as partners, we’re in a strong position to accelerate adoption and scale our impact globally.”

Ali Najafbagy, Founding Partner at 4impact capital, said:

“The rapid increase in cloud computing leads to vast inefficiencies, high energy consumption and high emissions. GreenShift tackles this head-on with a scalable, software-first solution that reduces energy use while enhancing performance. Omar, Leonid, and their team are uniquely positioned to build the global category leader in sustainable cloud computing, and we are proud to lead this round.”

Sofie Käll, CIO at The Footprint Firm, commented:

“We are excited to back GreenShift in addressing the critical and growing issue of costly, and emissions-heavy computing. Their solution delivers a powerful alignment of operational, economic and environmental value for Enterprises – exactly what’s needed to make sustainable technology truly scale. We’re betting on a future where AI serves, rather than strains, the planet, and we truly believe Omar and Leonid of Greenshift are the ones to help realize that vision”

Gem Kua, Investment Manager at Rockstart, added:

“Backing Omar and Leonid in GreenShift’s stealth phase was about more than investing in technology – it was about backing founders who could tackle the AI era’s compute and emissions challenge. Their early deployments have already demonstrated strong results across sustainability, cost, and performance metrics, and we’re proud to back them again as they are on track to lead the sustainable cloud computing category.”

The GreenShift investment benefits from support from the European Union under the InvestEU Fund.

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Onapsis Partners with Microsoft to Boost Enterprise Defense with End-to-End SAP Security Monitoring

.406 Ventures

Onapsis Defend integration with Microsoft Sentinel Solution for SAP helps Security Operations teams strengthen SAP threat detection and response

 

BOSTON, MA., September 30, 2025 – Onapsis, a global leader in SAP cybersecurity and compliance, today announced the launch of a new integration between its flagship Onapsis Defend threat monitoring product and Microsoft Sentinel Solution for SAP, based on Microsoft’s AI-powered cloud-native Security Information and Event Management (SIEM) platform. The integration provides security operations centers (SOC) with unified visibility and threat detection and response capabilities for SAP security events.

SOC teams struggle with a profound visibility gap into activity happening in their mission-critical SAP landscapes, which commonly serve as foundational systems of record for enterprises. This gap includes identifying SAP threats, detecting SAP-targeted exploits and zero-day activity, suspicious user or insider behavior, sensitive data downloads, security control violations and more. The new integration provides organizations with a superior early warning system with proprietary exploit detection rules for business-critical SAP applications, enabling their security teams to detect exploit attacks on vulnerable SAP systems before patches are even released.

“The collaboration extends the power of Onapsis’ SAP-endorsed, industry-leading threat monitoring directly into Microsoft Sentinel Solution for SAP,” said Sadik Al-Abdulla, Onapsis Chief Product Officer. “By unifying Onapsis’ context-rich insights with Microsoft Sentinel’s Solution for SAP, enterprises can investigate and respond to SAP threats faster, meet strict disclosure requirements with confidence and strengthen their security posture across both on-prem, cloud and RISE with SAP environments.”

Key benefits of the integration include:

  • Specialized Exploit and Zero-Day Detection: The Microsoft Sentinel Solution for SAP offers advanced pre-patch exploit protection and early warning alerts against cyberattacks, enriched with threat intelligence from Onapsis Research Labs and their Global SAP Threat Intelligence Network. This collaboration enhances Microsoft Sentinel’s native SAP capabilities with specialized insights from one of the industry’s most trusted research teams.
  • Context-Rich Alerts, Designed for the SOC: SAP events are uniquely enriched with detailed explanations, mitigation guidance, and anomaly scoring from the SAP cybersecurity experts at the Onapsis Research Labs to accelerate investigations
  • AI-Powered Security Insights: The powerful Microsoft Sentinel Solution for SAP and Microsoft Security Copilot AI capabilities, combined with the security insights and threat intelligence from Onapsis, offer superior identification of sophisticated attacks affecting your SAP and broader environment.
  • Unified Security Operations: With market-leading SAP threat and exploit detection from Onapsis, organizations can push security events to Microsoft Sentinel Solution for SAP for correlation with broader enterprise events to streamline incident handling and reduce response times through a unified view of the overall threat landscape in the Microsoft Unified SecOps Platform.

“Microsoft takes a holistic approach to SAP security, moving beyond isolated conversations. By integrating threat intelligence across the enterprise, and Security Copilot into Microsoft Defender Portal, we demonstrate that security isn’t limited to SAP Applications or data – it is about the whole ecosystem,” said Martin Pankraz, Product Manager, SAP Security, Microsoft. “Onapsis complements that effort with their market-leading pre-breach capabilities such as SAP exploit and zero-day detection, SAP Vulnerability Management or ABAP Code Security. We’re delivering deeper protection for our customers’ SAP landscapes, empowering them to respond to SAP threats faster and keeping them far ahead of the latest SAP attacks and exploitation techniques from malicious threat actors.”

It has been a watershed year for defenders marked by a series of high-profile SAP vulnerabilities, zero-days and global attack campaigns that led to hundreds of enterprises being compromised. Despite SAP’s rapid patching, security practitioners are still faced with the ongoing challenge of protecting their business-critical applications in a sophisticated threat landscape. Considering the notable success of well-funded threat actor groups targeting SAP applications, directly combined with significantly stricter regulatory requirements under EU NIS2 and SEC rules in the US, and the looming deadline for migration to SAP S/4HANA through RISE with SAP, organizations find themselves under unprecedented pressure to better secure their SAP landscapes. The Onapsis integration with Microsoft Sentinel Solution for SAP directly addresses these challenges by giving SOC teams the visibility and control needed to rapidly respond to an increasing number of threats to critical SAP systems.

Availability

The Onapsis Defend for Microsoft Sentinel Solution for SAP integration is available today. Pricing and further details available through Onapsis sales representatives or authorized systems integrators. For more information, please visit the Microsoft Azure Marketplace.

About Onapsis

Onapsis is the global leader in SAP cybersecurity and compliance, trusted by the world’s leading organizations to securely accelerate their SAP cloud digital transformations with confidence. As the SAP-endorsed and most widely used solution to protect SAP, the Onapsis Platform empowers Cybersecurity and SAP teams with automated compliance, vulnerability management, threat detection, and secure development for their RISE with SAP, S/4HANA Cloud and hybrid SAP applications. Powered by threat insights from the Onapsis Research Labs, the world’s leading SAP cybersecurity experts, Onapsis provides unparalleled protection, ease of use, and rapid time to value, empowering SAP customers to innovate faster and securely. Connect with Onapsis on LinkedIn, X, or visit https://www.onapsis.com.

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Symphony Talent Earns Six Industry Honors for Employer Brand Excellence at the 2025 EBMAs

Stg Partners

Symphony Talent, a global leader in talent acquisition solutions, proudly announced its recognition at the 2025 Employer Brand Management Awards (EBMAs), taking home three Gold, one Silver, and two Bronze honors for The Studio at Symphony Talent’s innovative and impactful employer brand work with global clients bp and Standard Chartered.

“These awards reflect the powerful outcomes that can be achieved when innovative thinking meets strong client collaboration,” said Kermit Randa, CEO, Symphony Talent. “Employer brand is the thread that ties together every stage of a full-funnel talent acquisition strategy. Partnering with bp and Standard Chartered, we’ve shown how effectively activating that brand can accelerate hiring success, strengthen long-term talent strategies, and drive measurable impact.”

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BeSound: Diagnosing Masses for the Masses

Kindred Ventures

Our Investment in BeSound

Breast cancer screening is broken. Mammograms, invented in the 1950s, remain the dominant tool despite their limitations. They miss 40% of breast cancers in women with dense breast tissue. The process itself is slow and fragmented: book a doctor’s appointment, wait weeks, undergo a manual exam, then a screening image, then a diagnostic image. For many women, this means weeks of anxiety while answers remain out of reach. The FDA recently updated its guidelines requiring providers to notify women with dense breasts that mammograms may not be enough, sending 40 million women a letter that underscores the shortcomings of today’s system.

BeSound is building an alternative: AI-powered ultrasound that collapses weeks of steps into a single visit. By pairing FDA-approved photo-acoustic ultrasound machines with proprietary AI, BeSound delivers precise functional imaging tailored to each woman’s biology. Unlike mammograms, BeSound delivers answers in hours and has been shown in real-world studies to reduce unnecessary biopsies by up to 75%.

That vision is why we’re excited be co-leading BeSound’s $6.76 million seed alongside Overwater Ventures, Muse Capital, and Lux Capital.

Why We Invested

After an hour with Bailey Renger, we were immediately struck by her unusual background. Her technical expertise, knack for brand, and intuition for the changing shape of healthcare present a rare triple threat. Bailey began her career in science, working in an optics lab, at NASA, and at Harvard in quantum computing before starting a PhD in physics at Brown. But during that time, she faced a medical crisis: “I always wanted to be a physics professor… but when I started experiencing severe pain, my doctors told me it was just cramps. I pushed for an ultrasound, and they found a tumor in my ovary. Then I had to wait months for an MRI. That gap in care was the catalyst for me leaving my PhD to start this company.”

Her story underscores why she is so close to the problem. With one in eight women expected to face breast cancer, Bailey’s blend of scientific training and lived urgency gives BeSound a rare edge. The company is positioned to deliver fast, accurate, and scalable diagnostics—offering hope to millions.

Looking Ahead

BeSound is launching first in Los Angeles with its inaugural West Hollywood location, where women can book same day appointments starting at $349. The company is expanding rapidly, including New York in the coming months, bringing FDA approved technology, hospital grade precision, and expert reviewed results within 24 hours.

In the near future, breast cancer screening will shift from decades-old, one size fits all mammograms to AI-powered functional imaging that adapts to each woman’s biology. The future isn’t just about finding cancers earlier, it’s about giving women fast, precise answers, and building an experience that puts them at the center of care.

Join the waitlist at BeSound.

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Credo Acquires Hyperlume to Advance the Future of AI Connectivity

SOSV

Today, we’re excited to announce that our SOSV portfolio company and HAX startup development program graduate Hyperlume, a pioneer in MicroLED-based optical interconnect technology, has been acquired by Credo (NASDAQ: CRDO).

This marks a major step forward in delivering secure, high-speed connectivity solutions that are more reliable, energy efficient, and ready for the AI era.

Impact on the AI World

The explosion of AI and hyperscale data center workloads is pushing existing connectivity infrastructure to its limits. Traditional electronic interconnects face serious energy and bandwidth bottlenecks that slow scaling and increase costs.

GPU performance has improved ~40,000x since 2000. But the networks that connect those chips have only improved ~80x, creating a significant bottleneck. Today, most GPUs still transfer data via copper cables, an antiquated method that’s cheap but highly inefficient (it generates excessive heat and wastes energy). Laser-based optical cables exist, but they’re 5x more expensive than copper and don’t scale well within tightly packed racks where 40% of the interconnects live.

To keep pace with the exponential growth of data, the world needs a new class of connectivity.

That’s where Hyperlume’s breakthrough MicroLED technology comes in. By using high bandwidth, low latency, low power interconnects for AI data centers and high-performance computing systems, Hyperlume has created a new way to overcome the energy and bandwidth bottlenecks inherent in traditional electronic interconnects.

With this acquisition, Credo now offers one of the most comprehensive connectivity platforms in the industry and strengthens their ability to help customers scale massive AI networks more efficiently and sustainably.

Huge congratulations to Hyperlume co-founders Mohsen Asad (CEO) and Hossein Fariborzi (CTO). When they first joined HAX in 2023, as part of our ever-expanding thesis into next-gen compute and data centres power, their mix of deep technical expertise and conviction is why we invested early.

Read more in Credo’s press release announcing the acquisition here.

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Carlyle and BECON Investment Management Announce Strategic Distribution Partnership in Latin America and US Offshore Markets

Carlyle

New York and Buenos Aires – September 30, 2025 – Global investment firm Carlyle (NASDAQ: CG) and BECON Investment Management (“BECON”) today announced a strategic distribution partnership focused on Latin America and the US offshore wealth market. This partnership brings together Carlyle’s global investment capabilities with BECON’s deep expertise in regional distribution and its strong understanding of the Latin American wealth ecosystem.

 

The partnership aims to meet the increasing demand for alternative investments among qualified and high-net-worth investors in the region. Distribution will cover select Latin American markets (excluding Brazil and Chile), and the broader US offshore market, with an emphasis on key wealth centers such as Miami, New York, Texas, and California. Through this partnership, BECON will distribute three of Carlyle’s most innovative semi-liquid vehicles via wealth management platforms, including broker-dealers, private banks, family offices, and multi-family offices.

 

This partnership represents a significant step in expanding access to institutional-quality private market strategies. Both firms are committed to delivering long-term value and innovation to investors seeking diversification, performance, and liquidity in today’s evolving market landscape.

 

“We are pleased to partner with BECON to bring Carlyle solutions to a broader range of qualified investors across Latin America,” said Shane Clifford, Head of Global Wealth at Carlyle. “The demand for alternative assets continues to accelerate in Latin America, yet access remains fragmented. By combining Carlyle’s capabilities with BECON’s strong relationships across the wealth channel, this partnership significantly expands the reach of our platform and helps democratize access to quality private strategies.”

 

“We are proud to work alongside Carlyle, one of the most respected names in global private markets,” said Fred Bates, Managing Director at BECON. “Through this alliance, we can offer differentiated, institutional-caliber strategies that respond to the evolving needs of our clients and their portfolios.”

 

As part of this collaboration, Carlyle and BECON will launch a series of initiatives to enhance financial literacy and strengthen advisor expertise. The program will feature webinars and live events, targeted educational content, and technical training to support wealth managers and financial advisors in navigating alternative assets.

 

“Our goal is not only to distribute products, but to foster knowledge and trust around alternative assets,” said Lucas Martins, Managing Director at BECON. “Education is key to building long-term relationships and helping advisors serve their clients better.”

 

“We see this partnership as a bridge between global innovation and regional opportunity. Empowering advisors with the right tools and insights is at the heart of our mission,” said Juan Fagotti, Managing Director at BECON.

 

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across its business and conducts its operations through three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $465 billion of assets under management as of June 30, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,300 people in 27 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

 

About BECON Investment Management 

Becon Investment Management is an exclusive independent third party distributor focused on the US Offshore and Latin American markets. The team has operated in the Americas for decades, achieving market leadership status for some of the world’s leading investment managers. Becon operates in the following key markets: Argentina, Uruguay, Paraguay, Chile, Brazil, Peru, Colombia, Venezuela, Ecuador, Bolivia, Panama, Caribbean, Mexico and US Offshore. The team has spent years building relationships with professional investors from a variety of backgrounds including institutional pension funds, private banks, brokerage houses, insurance providers, family offices, and independent financial advisors.

 

Media Contacts:

 

Carlyle

 

Kristen Ashton

+1 212-813-4763

Kristen.ashton@carlyle.com

 

BECON

 

Florencio Mas

fmas@beconim.com

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