Category Archives: News

Suvoda and Greenphire Announce Completion of Merger

Thomabravo

CONSHOHOCKEN, PA and KING OF PRUSSIA, PA—Suvoda, a global clinical trial technology company specializing in randomization and trial supply management, consent, and patient outcomes data collection solutions for complex, life-sustaining studies, and Greenphire, a leader in clinical trial payments, financial management, and patient support tools, today announced the successful completion of their previously announced merger, bringing the two companies under common ownership and management.

Through this merger, the combined company is now better equipped to provide a comprehensive solution to its customers to support the urgent and mission critical moments of their clinical trials. Its customers will have access to an expanded set of capabilities, while continuing to benefit from its steadfast commitment to high-quality services and support. The combined solutions will be unified on a powerful platform that will simplify workflows and ease the experience of running and participating in a clinical trial. The unified data layer will deliver greater insight to empower sponsors, sites, and patients to make more informed and nuanced decisions about their trials.

The combined company will be known as Suvoda. Meaning “the dawn of wellbeing” in Sanskrit, Suvoda reinforces the promise to ease the patient, site, and sponsor experience in clinical trials and contribute to advancing health globally. The name Greenphire will continue at the product level.

The company will be led by Chief Executive Officer Jagath Wanninayake, Suvoda’s Founder and CEO. Thoma Bravo, a leading software investment firm, is the lead strategic investor in the combined company, with Bain Capital Tech Opportunities Fund and LLR Partners making a significant minority investment.

“We are thrilled to announce the completion of our merger and the beginning of our new journey together,” said Jagath Wanninayake, CEO of the combined company. “This partnership represents a significant milestone in our mission to optimize the financial and operational aspects of clinical trials. As one firm, we are now better able to deliver for our customers by meeting their evolving needs and providing them with enhanced solutions that will drive efficiency, reduce costs, and ultimately improve patient outcomes.”

About Suvoda
Suvoda is a global clinical trial technology company specializing in complex, life-sustaining studies in therapeutic areas like oncology, central nervous system (CNS), and rare diseases. Founded in 2013 by experts in eClinical technologies, Suvoda empowers clinical trial professionals to manage the most urgent moments in the most urgent trials through advanced software solutions delivered on a single platform. Headquartered outside Philadelphia, Suvoda also maintains offices in Portland, OR, Barcelona, Spain, Bucharest and Iasi, Romania, and Tokyo, Japan. The company’s Net Promoter Score (NPS) consistently exceeds the technology industry average, contributing to the company being selected by trial sponsors and CROs to support more than 1,800 trials across 95 countries. To learn more, visit suvoda.com. Follow Suvoda on LinkedIn.

About Greenphire
Greenphire is the pioneer in financial management and patient support for global clinical trials. From participant reimbursements, travel, and engagement to study budgeting and data, site payments, and more, the company connects the dots across disparate processes and stakeholders to get studies done faster. Founded in 2008 and guided by a dedication to site and participant experience, Greenphire’s best in class solutions accommodate regional workflow preferences, navigate challenging regulatory demands, and address the unique needs of every patient. Greenphire currently supports more than one million active trial participants and more than 25,000 investigative research teams at sites in 80 countries worldwide. Greenphire Means GO. To learn more, we invite you to visit greenphire.com and follow us on LinkedIn.

Read the release on PR Newswire here.

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CDPQ to sell 2,061,000 common shares of WSP

Cdpq

CDPQ announced today its intention to sell 2,061,000 common shares of WSP Global Inc. (TSX: WSP), representing approximately 1.6% of WSP’s issued and outstanding common shares as of April 23, 2025.

The common shares will be sold at a gross price per share of $242.70 in a block trade underwritten by BMO Capital Markets and National Bank Financial Inc. (the “underwriters”). CDPQ expects to receive gross cash proceeds of approximately $500 million from this transaction.

This transaction is part of CDPQ’s periodic portfolio rebalancing. Once completed, CDPQ will still hold around 14.2% of WSP Global’s issued and outstanding common shares.

“Since 2011, CDPQ has played a key role in supporting WSP Global through eight major acquisitions, propelling the company into a global leader in its sector. CDPQ is now seeking to monetize part of its investment while remaining a principal shareholder. This capital may be reinvested in Québec companies, including WSP Global, to support and accelerate the growth of local companies,” said Kim Thomassin, Executive Vice-President and Head of Québec at CDPQ.

“CDPQ is a longstanding partner that has been by our side as we’ve grown into one of the largest professional services firms in the world. Following this transaction, CDPQ remains our largest shareholder as we begin executing our new 2025–2027 global strategic action plan to drive change for dynamic growth. Guided by our renewed ambitions, we remain confident in our ability to continue creating sustainable value for our shareholders,” said Alexandre L’Heureux, President and CEO of WSP Global.

ABOUT CDPQ

At CDPQ, we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public pension and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at December 31, 2024, CDPQ’s net assets totalled CAD 473 billion. For more information, visit cdpq.com, consult our LinkedIn or Instagram pages, or follow us on X.

CDPQ is a registered trademark owned by Caisse de dépôt et placement du Québec and licensed for use by its subsidiaries.

– 30 –

For more information

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Main Capital Partners acquires software provider Trace One from STG

Main Capital Partners

Main Capital acquires Trace One, a global PLM software provider, marking its first platform investment since entering the French market.

Paris, April 23, 2025 – Main Capital Partners (‘Main’), Trace One, and STG Partners, LLC (‘STG’) are pleased to announce Main’s strategic acquisition of Trace One, a SaaS provider in Product Lifecycle Management (PLM) and compliance software, from its previous principal owner, STG. This transaction marks Main Capital’s inaugural platform investment in France, following the recent opening of its Paris office in February 2025.

Founded in 2001 and headquartered in Paris, Trace One has emerged as a strong player in delivering innovative PLM and compliance solutions tailored to the food & beverage, cosmetics & personal care, and chemical industries. Trusted by over 9,000 global brands, including industry giants such as Carrefour, Cargill, Barilla, Nestlé, and Ahold Delhaize; Trace One’s robust platform simplifies complexity, enhances collaboration, and optimizes every phase of the product lifecycle, from ideation to market launch.

Trace One’s proven experience and commitment to excellence enable companies worldwide to accelerate growth, improve sustainability, and consistently meet rigorous standards of quality and compliance. With an international team of 500 employees operating across 15 countries, Trace One boasts the scale and reach to support a prestigious, global customer base.

This acquisition underscores Main Capital’s strategic ambition to invest in innovative, market-leading B2B software companies, positioning Trace One for continued expansion, enhanced innovation, and accelerated global impact. Managing Partner Sven van Berge, who is leading the Business Transformation and Manufacturing product-markets at Main Capital will chair the Supervisory Board of Trace One.

Under STG’s ownership, Trace One achieved international expansion, highlighted by the strategic milestone acquisition of Selerant in March 2022. In the next chapter of growth, Main Capital and Trace One will collaborate to further elevate the company’s global presence, deepen expertise in existing markets, explore new industry verticals, and expand their product suite with innovative, complementary solutions. Leveraging Main Capital’s specialized experience in international buy-and-build strategies, this partnership will accelerate Trace One’s growth and innovation, reinforcing its commitment to delivering unmatched value to customers worldwide.

We are highly enthusiastic about the opportunities we see together with the management team to further internationalize the company, expand into adjacent verticals and focus on continuous product innovation.

– Jonas Kruip, Co-Head of Main France

Jonas Kruip, Co-Head of Main France said: “The investment in Trace One holds great strategic value for Main, marking the first French platform investment after opening the Paris office earlier this year. Trace One furthermore fits in one of our core product-markets. Trace One has a strong market position as a verticalized PLM software provider with a highly international profile and is experiencing strong momentum in the US. We are highly enthusiastic about the opportunities we see together with the management team to further internationalize the company, expand into adjacent verticals and focus on continuous product innovation in which a selective international buy-and-build strategy will play a significant role.”

Christophe Vanackère, CEO of Trace One, added: “Our new partnership with Main Capital represents a significant milestone in Trace One’s growth journey. With our global vision reinforced, we remain deeply committed to expanding internationally and investing in industry-leading innovations that elevate customer experience. By empowering all brands to accelerate their digital transformation, we help them consistently deliver greater value and maintain their competitive edge in an increasingly dynamic market.”

About Trace One

Trace One is a premier SaaS provider of Product Lifecycle Management (PLM) and compliance solutions, specializing in the food & beverage, cosmetics, personal care, and chemical industries. With over 30 years of expertise, we empower more than 9,000 brand owners worldwide to innovate, collaborate, and bring products to market faster while ensuring the highest standards of quality, compliance, and sustainability. Trusted by industry leaders, Trace One combines cutting-edge technology with unmatched expertise to help businesses navigate complexity, accelerate growth, and shape a sustainable future.

About STG

STG is a private equity partner to market leading companies in data, software, and analytics. The firm brings experience, flexibility, and resources to build strategic value and unlock the potential of innovative companies. Partnering with a goal to build customer-centric, market winning portfolio companies, STG seeks to create sustainable foundations for growth that bring value to existing and future stakeholders. The firm is dedicated to transforming and building outstanding technology companies in partnership with world class management teams. STG’s expansive portfolio has consisted of more than 50 global companies.

 

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Italian Scale-Up Wsense Closes A €7.2m Pre-Series B Round To Accelerate Expansion Of Underwater Wireless Communications

Axon

The Italian ocean tech company enabling the Internet of Underwater Things (IoUT) through its proprietary “subsea wifi” systems – has successfully closed a 7.2 million euros pre-Series B Round.

The funding round included existing Series A round investors CDP Venture Capital SGR, SWEN’s Blue Ocean, RunwayFBU, and Axon Partners Group. Fincantieri and Rypples, an ocean-focused impact investment firm co-founded by serial entrepreneur and unicorn founder Jerome Ternynck, also participated.

As with the previous round, Axon Partners Group’s participation in this new pre-Series B has been executed as part of its Sustainability strategy, an Axon Investment vertical focused on high-impact Deep Tech and Climate Tech, with a global outlook.

`WSense represents exactly the kind of breakthrough technology we seek in our portfolio,´says Álvaro Pascual, from the Investment team of Axon . `Their underwater communication systems unlock new capabilities in data transmission and real-time connectivity in challenging environments—key enablers for sectors like offshore energy, infrastructure monitoring, and smart maritime operations. This aligns strongly with our strategy to support companies at the forefront of the technological shift towards a more connected, efficient, and sustainable industrial future. We’re proud to continue supporting WSense as they expand globally.´

 

WSense’s patented technologies enable real-time, secure and cost-effective underwater wireless communications, allowing for the collection of underwater big data on an unprecedented scale. This capability transforms the study and understanding of the oceans and their impact on our planet. The company’s solutions have also opened up a range of new opportunities, including the monitoring and protecting critical infrastructure, resident autonomous robotic networks supporting energy transition, and real-time underwater environmental monitoring.

As part of the underwater industry that will reach 400 billion globally in the 2024-2030 period, with a value of innovative solutions of 30 billion euros, WSense is targeting the global underwater communications market, which is expected to reach 10.4 billion euros.

To highlight the growing potential of the undersea market, it’s enough to note that in the underwater telecommunications alone, 552 cables have been laid across the ocean’s backbones, spanning a total of 1.4 million kilometres. These cables carry 98% of the global digital telecommunications, including digital transactions. In 2023 alone, these transactions are expected to exceed one trillion, with an estimated annual value of 10 trillion US dollars, growing at an average rate of 12% per year (source: Italian Navy).

`As WSense CEO Chiara Petrioli points out: ´With the closing of this round – which, together with the previous 4 million euros Seed Round in 2022 and the €11 million Series A round in 2023, brings our total funding to over 22 million euros – WSense is now in a position to accelerate its international expansion, strengthen our team, and support the rapid growth leading up to our Series B round. The renewed confidence from international investors allows us to further consolidate our technology leadership in an increasingly competitive market, where even the major players are beginning to take action. Thanks to our ability to implement technologies never before used in the marine environment and to develop cutting-edge solutions, WSense is uniquely positioned to make a positive impact on the planet. In fact, we are expanding our reach through strategic partnerships in emerging areas such as marine renewable energy, autonomous underwater robotics, and infrastructure security.´

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Stonepeak Launches Montera Infrastructure

Stonepeak

Montera to Develop and Operate Hyperscale Data Centers in North America to Support AI Growth

Experienced Executive Team Backed by $1.5 Billion Equity Commitment from Stonepeak

NEW YORK – April 23, 2025 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the launch of Montera Infrastructure (“Montera” or the “Company”), a new, North American hyperscale-focused data center company, with a $1.5 billion equity commitment.

Montera will develop and operate turnkey, build-to-suit data centers to support the rapid growth of cloud computing and AI inferencing workloads for hyperscale customers across North America. The Company will focus on land parcels with a clear path to near-term power in Tier I and Tier II metro areas and plans to construct and operate 100+ megawatt (MW) facilities.

Montera is led by Founder and Chief Executive Officer Eanna Murphy, formerly a data center executive at Yondr and Google. He is joined by a team of founding executives including Chief Technology Officer Craig Pennington (formerly Oracle and Equinix) and Chief Delivery Officer Joe Walsh (formerly Oracle and Equinix). The founding executives collectively bring more than a century of experience in leadership roles at major data center operators and hyperscale customers, as well as strong track records of executing similar strategies.

Eanna Murphy commented, “Montera was born from a simple conviction: the digital future demands infrastructure that is faster, smarter, and built with intent. With a significant capital commitment from Stonepeak and a team of seasoned hyperscale experts, we are well-positioned to lead the next wave of development across North America. Our mission is to deliver strategically located and scalable digital infrastructure that is engineered for rapid deployment and reliability so that our partners can focus on what matters most.”

“Addressing the unprecedented demand growth stemming from AI advancements and cloud computing requires expertise in data center development, power generation and transmission, capital formation and deep relationships with the hyperscalers,” said Andrew Thomas, Senior Managing Director and Head of Digital Infrastructure, Global ex-Europe at Stonepeak. “Eanna and his team have a track record of delivering more than eight gigawatts of data center capacity and have been at the forefront of helping design the infrastructure strategy of hyperscale customers, from model training and tuning to inferencing at scale. We are excited to partner with them and bring to bear the experience and capabilities of Stonepeak’s leading digital and power franchises.”

Montera represents Stonepeak’s fourth North American data center investment and its eighth globally. Today, the firm’s global data center portfolio includes Cologix, CoreSite, Digital Edge, and Cirion and spans 100+ facilities and 500+ MW of capacity, with a pipeline of 400+ MW in development.

About Montera Infrastructure
Founder-led and backed by Stonepeak, Montera is charting the new frontier of digital infrastructure, driven by a future-focused vision: to build and lease space in hyperscale data centers essential for tomorrow’s technology. Our team brings decades of experience in infrastructure development and operations, focusing on accelerating growth and setting new benchmarks for performance and reliability in North America. For more information, please visit www.montera.com.

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $73 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, and Abu Dhabi. For more information, please visit www.stonepeak.com.

Contacts

Montera Infrastructure
press@montera.com 

Stonepeak
Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225

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CVC Credit provides debt facilities to American Heart of Poland through its Capital Solutions strategy

CVC Capital Partners

CVC Credit is pleased to announce that it has provided debt facilities to American Heart of Poland (“AHP”), the top-ranked privately operated cardiology focused public healthcare services provider in Poland, owned by Gruppo San Donato, the leading private and public hospital group in Italy. CVC Credit’s commitment will support the financing of AHP’s transformative acquisition of Scanmed and accelerate the delivery of high-quality care to local communities across the country through public hospitals modernisation. These activities reinforce AHP’s role as a key partner in Poland’s public healthcare system.

Founded in 2000, AHP is Poland’s largest privately operated cardiology provider offering comprehensive healthcare services ranging from interventional cardiology and cardiovascular surgery to general hospitals, outpatient care, rehabilitation and primary healthcare. AHP’s more than 8,000 employees provide most of its services to publicly funded patients from almost 100 facilities in over 50 locations across Poland.

Adam Szlachta, CEO of American Heart of Poland, commented: “We are thrilled to have partnered with CVC Credit. The investment enables American Heart of Poland, to accelerate into our next phase of development – expanding capacity regionally and shortening wait times for vital cardiology and general healthcare services in local communities throughout Poland and modernising public hospitals to ensure outstanding patient care. The CVC Credit collaboration not only highlights the international recognition of our comprehensive, multi-specialist and modern medical care approach, but also proves that thanks to private operators, publicly-funded healthcare system can achieve world-class excellence. By combining global expertise with local insight, in line with AHP vision, we elevate patient outcomes, drive clinical innovation, and ensure every community in Poland has access to top‑tier cardiology and general medical services – regardless of their place of residence or financial status.”

Quotes

Another classic example of CVC Credit’s ability to leverage the whole power of the CVC Network to originate and win attractive investment opportunities.

Miguel ToneyPartner at CVC Credit

Miguel Toney, Partner at CVC Credit, said: “We are delighted to announce this latest transaction for our Capital Solutions strategy. CVC Credit was invited to participate in the transaction as a result of the CVC Network’s strong presence in Poland, through our long established private equity team in Warsaw and also in Italy, via our market leading private equity team there. Another classic example of CVC Credit’s ability to leverage the whole power of the CVC Network to originate and win attractive investment opportunities.”

David Deregowski, Managing Director at CVC Credit, added: “We are pleased to be partnering with AHP to provide the appropriate financing package and flexibility to support its acquisition of Scanmed. AHP’s leading market position and a supportive public funding environment in Poland gave us full confidence in backing the continued expansion of the business.”

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Apollo Funds Form $220 Million Community Solar Joint Venture with Bullrock Energy Ventures

Apollo logo

NEW YORK and SOUTH BURLINGTON, Vt., April 23, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) and Bullrock Energy Ventures (“Bullrock”) today announced that Apollo-managed funds (the “Apollo Funds”) have committed to fund up to $220 million for a new joint venture partnership with Bullrock related to a portfolio of community solar assets located in New York and New England. $100 million of Apollo’s equity commitment will fund the development of Bullrock’s nearly 500 MW pipeline of renewable energy assets.

Based in Vermont, Bullrock is a high-growth renewable energy company with operations throughout the Northeast. The company’s vertically integrated model includes deal sourcing, underwriting, development, construction, financing and asset management. Bullrock, led by Chairman and Founder Gregg Beldock, alongside partner company NxtGenREA led by Mike Mills, has developed nearly 500 MW of solar projects across New England, New York and the Midwest over the past decade. The projects support local residents and businesses throughout the country with access to affordable clean energy.

“We are excited to partner with Gregg and the Bullrock team and invest in this scaled portfolio of solar assets that we believe will offer significant benefits to their surrounding communities,” said Apollo Partner Corinne Still. “Community solar represents an innovative solution to expanding local access to clean, efficient power across the energy grid, benefiting individuals, households and businesses alike. This partnership underscores Apollo’s commitment to serving as a leading capital provider supporting the energy transition, investing in companies and projects that serve the growing demand for diverse sources of power.”

Bullrock Chairman and Founder Gregg Beldock and Bullrock Managing Partner Amory Beldock stated, “Our partnership with Apollo enhances a leading vertically integrated renewables platform working to meet the growing demand for power while reinforcing American energy security. Our long history in construction and development paired with Apollo’s integrated platform positions us to efficiently scale our portfolio. Community solar lowers energy costs, improves grid resiliency and boosts local economies. Apollo shares our commitment to driving the industry forward and we’re proud to work with them.”

Over the past five years, Apollo-managed funds and affiliates have committed, deployed or arranged approximately $58 billioni of climate and energy transition-related investments, supporting companies and projects across clean energy and infrastructure.

Tax Equity for the portfolio is arranged by Mike Mills through his company NxtGenREA.

Orrick, Herrington & Sutcliffe LLP served as legal to the Apollo Funds. Brown Rudnick LLP served as legal counsel to Bullrock.

i As of December 31, 2024. The firmwide targets (the “Targets”) to deploy, commit, or arrange capital commensurate with Apollo’s proprietary Climate and Transition Investment Framework (the “CTIF”), are (1) $50 billion by 2027 and (2) more than $100 billion by 2030 The CTIF, which is subject to change at any time without notice, sets forth certain activities classified by Apollo as sustainable economic activities (“SEAs”), and the methodologies used to calculate contribution towards the Targets. Only investments determined to be currently contributing to an SEA in accordance with the CTIF are counted toward the Targets. Under the CTIF, Apollo uses different calculation methodologies for different types of investments in equity, debt and real estate. For additional details on the CTIF, please refer to our website here: https://www.apollo.com/strategies/asset-management/real-assets/sustainable-investing-platform.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management. To learn more, please visit www.apollo.com.

About Bullrock Energy Ventures

Bullrock Energy Ventures is a vertically integrated renewable energy investment platform. The company was born out of Bullrock’s long history across renewables, construction, real estate development and healthcare and NxtGenREA’s deep experience in solar development and tax equity financing. Bullrock has developed over 500 MW to date, deployed over $2B in capital across the clean energy space, and is quickly moving to develop its 500 MW pipeline. Our success is a testament to our uniquely integrated model which allows us to build, operate, finance and manage energy assets at scale. We are proud to accelerate the energy transition through our pioneering approach to development while supporting local communities and securing American energy independence.

Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
212-822-0540
IR@apollo.com.

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
212-822-0491
Communications@apollo.com.

For Bullrock Energy Ventures:

ir@bullrockcorp.com

For Bullrock Media Contacts:

Patrick Lenihan
Gravity Strategic Partners
patrick@gravitystrat.com
201-819-9871

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Pointsharp, backed by Main Capital Partners, acquires Identity Management software provider Vemendo

Main Capital Partners

Pointsharp acquires Vemendo to expand its Identity and Access Management capabilities and strengthen its presence across Europe’s cybersecurity market.

Stockholm, 22nd April 2025 – Pointsharp, a Swedish Identity and Access Management (IAM) software provider, has acquired Stockholm-based Vemendo AB (“Vemendo”). Vemendo provides software for identity management, user provisioning, and lifecycle management, which enables user information to be up to date, identity information to be easily tracked within the organization, and for users to log in securely to multiple networks or systems. This synergistic acquisition presents a strong strategic fit with Pointsharp and aligns with the company’s growth strategy in the European Identity and Access Management software market. The acquisition of Vemendo marks Pointsharp’s fifth add-on acquisition since Main Capital Partners (“Main”) became a majority investor in November 2020. The combination is expected to complement and enhance Pointsharp’s IAM offerings, further strengthening its position in the Nordics and across the rest of Europe.

Vemendo’s offering of identity management, federation services, and identity provisioning software integrates well with Pointsharp’s existing solutions and strengthens the implementation of the company’s growth strategy. Vemendo serves a wide range of clients, focusing on the public sector and larger corporates in industrials, defence, and retail.

Through the acquisition, Pointsharp expands on the functionalities offered to existing and new clients across multiple industries.

– Wessel Ploegmakers, Partner and Head of Nordics at Main Capital Partners

Wessel Ploegmakers, Partner and Head of Nordics at Main Capital Partners, comments: “Vemendo marks Pointsharp’s fifth acquisition and solidifies Pointsharp’s position in the Nordic and European Identity and Access Management software industry. Through the acquisition, Pointsharp expands on the functionalities offered to existing and new clients across multiple industries. The acquisition will strengthen the position of Pointsharp in providing Identity and Access Management solutions going forward.”

Niklas Brask, CEO at Pointsharp, says: “We are thrilled to announce the acquisition of Vemendo, a strategic move that significantly enhances our capabilities as a European Identity and Access Management (IAM) vendor. This acquisition not only expands our footprint in the identity fabric but also strengthens our commitment to provide trusted and innovative European solutions to our customers.”

Tomas Ericsson, CEO at Vemendo, concludes: “We are proud to become part of Pointsharp, a company that shares our vision for secure and efficient identity and access management. This allows us to continue developing leading-edge solutions for our customers while benefiting from the scale, experience, and broader capabilities of Pointsharp. Together, we will be even better positioned to support our clients in navigating the increasing demands of digital identity and access management across the world.”

About Pointsharp

Pointsharp is a European cybersecurity company that enables organizations to secure data, identities, and access in a user-friendly way. We believe security needs to be easy, both for the users and the IT department. Our vision is to give everyone access to a safe, modern digital workplace. The company serves more than 3500 enterprise organizations globally with high security or sensitive data needs in several different market verticals, including finance, governmental, and industrial. Pointsharp was founded in 2006 in Stockholm, Sweden.

About Vemendo

Vemendo, founded in 1997, specializes in software solutions for identity provisioning, user administration, and federation services, as well as implementation and configuration services. Vemendo’s solution serves a range of clients across defense, industrial, and public sector markets in Sweden. Vemendo’s solution allows user information to be up to date, identity information to be easily tracked within the organization, and for users to safely log in to multiple networks or systems.

 

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Advent to acquire tbi bank, a leading challenger bank in Southeast Europe

Advent

LONDON, 22 April 2025 – Advent, a leading global private equity investor, today announced that it has signed a definitive agreement to acquire tbi bank (“tbi”), a leading tech-led challenger bank in Southeast Europe and regional leader in payment plan solutions. Terms of the transaction were not disclosed.

Currently operating in Bulgaria, Romania, and Greece, tbi is building an ecosystem by combining financing and shopping to address customers’ needs. Through various digital channels and trusted partnerships with over 32,000 merchant partner check-out points, tbi has a customer base of over 2.4 million and nearly 1,000,000 loans issued in 2024. Its digital-first business model and customer-focused approach has resulted in tbi becoming one of the leading and fastest growing challenger banks in the region.

“tbi is at a pivotal point in its growth journey and underlines our commitment to the CEE region,” said Ranjan Sen, Managing Partner at Advent. “It is a digital-first, agile and customer focused organisation, and we have a shared vision for helping to shape the future of banking. We are excited to partner with the team to support them as they continue to scale and provide innovative solutions for customers.”

Petr Baron, Chief Executive Officer of tbi, added, “In Advent, we’ve found the right partners who share our ambition, values and mindset. Their experience based on strong financial sector and CEE investment track record reinforces our mission to build a smarter and more accessible banking experience to our customers.”

Advent has developed significant expertise and track record investing in consumer-facing banks and financial institutions, including in the region. Prior and current Advent investments include Nubank, the largest independent digital bank in the world, Addiko Bank, a consumer and SME specialist bank active across Central and Southeast Europe, KreditBee, one of India’s leading consumer finance platforms, Aareal Bank, a leading provider of financing solutions and services, with a focus on the property industry, and YES Bank, the 6th largest private bank in India. Advent also executed multiple investments in Bulgaria and Romania, the core tbi markets.

The transaction is subject to customary regulatory approvals.

About Advent

Advent is a leading global private equity investor committed to working in partnership with management teams, entrepreneurs, and founders to help transform businesses. With 16 offices across five continents, we oversee more than EUR €88 billion in assets under management* and have made 430 investments across 44 countries.

Since our founding in 1984, we have developed specialist market expertise across our five core sectors: business & financial services, consumer, healthcare, industrial, and technology. This approach is bolstered by our deep sub-sector knowledge, which informs every aspect of our investment strategy, from sourcing opportunities to working in partnership with management to execute value creation plans. We bring hands-on operational expertise to enhance and accelerate businesses.

As one of the largest privately-owned partnerships, our 660+ colleagues leverage the full ecosystem of Advent’s global resources, including our Portfolio Support Group, insights provided by industry expert Operating Partners and Operations Advisors, as well as bespoke tools to support and guide our portfolio companies as they seek to achieve their strategic goals.

To learn more, visit our website or connect with us on LinkedIn.

*Assets under management (AUM) as of December 31, 2024. AUM includes assets attributable to Advent advisory clients as well as employee and third-party co-investment vehicles.

About tbi bank

Visit the tbi bank website.

Media contacts

Advent
Peter Folland
pfolland@adventinternational.co.uk

tbi bank
Anna Grigorova
agrigorova@tbibank.bg

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Boeing to Sell Portions of Digital Aviation Solutions to Thoma Bravo for $10.55 Billion

Thomabravo

Agreement includes principles for data sharing and future collaborations to ensure continuity of operations under Thoma Bravo’s ownership

– Sale strengthens Boeing’s capital structure and allows company to focus on core business, including key continued technical operations

ARLINGTON, Va.—Boeing [NYSE:BA] has entered into a definitive agreement to sell portions of its Digital Aviation Solutions business, including its Jeppesen, ForeFlight, AerData and OzRunways assets, to Thoma Bravo, a leading software investment firm. This all-cash transaction is valued at$10.55 billion.

Boeing will retain core digital capabilities that harness both aircraft and fleet-specific data to provide commercial and defense customers with fleet maintenance, diagnostics and repair services. This digital expertise will continue to provide predictive and prognostic maintenance insights.

“This transaction is an important component of our strategy to focus on core businesses, supplement the balance sheet and prioritize the investment grade credit rating,” said Kelly Ortberg, Boeing president and chief executive officer.

“This enables all parts of the digital portfolio to focus on their strengths,” said Chris Raymond, president and chief executive officer of Boeing Global Services. “Our commitment to meeting our customers’ needs is unwavering as we move forward with our core products and services to support their fleets.”

“We are proud to be investing in such an important technology platform in the broader aerospace and defense industry,” said Holden Spaht, a Managing Partner at Thoma Bravo. “With a heritage dating back to the 1930s, Jeppesen has been at the forefront of technological innovation for nearly a century. We are excited to build on this track record and power its next phase of growth.”

“The business has been through an impressive growth transformation in recent years and has strong momentum,” said Scott Crabill, a Managing Partner at Thoma Bravo. “Thoma Bravo has a long track record of backing leading technology companies in partnership with existing management. We look forward to supporting the company’s standalone growth objectives through strategic investments, operational best practices and a shared commitment to innovation and long-term value creation.”

Approximately 3,900 employees around the globe work in Boeing’s Digital Aviation Solutions organization, which includes elements of the business remaining within Boeing and those included in the sale. Boeing is working with Thoma Bravo to help ensure as seamless of a transition as possible for employees while continuing to meet the needs of customers in accordance with all obligations.

The transaction is expected to close by the end of 2025 and is subject to regulatory approval and customary closing conditions.

Citi is acting as exclusive financial advisor to Boeing, and Mayer Brown LLP is acting as outside counsel. Kirkland & Ellis LLP is acting as legal counsel to Thoma Bravo.

About Boeing
A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.

About Thoma Bravo
Thoma Bravo is one of the largest software-focused investors in the world, with over US$179 billion in assets under management as of December 31, 2024. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo’s deep sector knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20+ years, the firm has acquired or invested in approximately 520 companies representing approximately US$275 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, Dallas, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo’s website at thomabravo.com.

Caution Concerning Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “expects,” “intends,” “projects,” “plans,” “believes,” “estimates,” “targets,” “anticipates,” and other similar words or expressions, or the negative thereof, generally can be used to help identify these forward-looking statements. Examples of forward-looking statements include statements relating to the anticipated benefits of the transaction, future collaborations between the parties, and the timetable for completing the transaction, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on expectations and assumptions that we believe to be reasonable when made, but that may not prove to be accurate. Forward-looking statements are not guarantees and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially and adversely from these forward-looking statements. Among these factors are risks related to general conditions in the economy and our industry, including those due to regulatory changes, the ability of the parties to consummate the transaction, and other important factors disclosed previously and from time to time in Boeing’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Any forward-looking statement speaks only as of the date on which it is made, and we assume no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.

Read the release on the PR Newswire website here.

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