Category Archives: News

Rehlko Expands Data Center Back-Up Power Offering With Acquisition of the Wilmott Group

Platinum

Acquisition Strengthens Position in Data Centers & Mission-Critical Segments

MILWAUKEE, Wis. – July 10, 2025 – Rehlko, a global leader in energy resilience, announced today it has reached a tentative agreement to acquire The Wilmott Group, a premier supplier of critical back-up power solutions in the United Kingdom. This acquisition establishes Rehlko as one of the leading energy resilience providers in the U.K. and strengthens the company’s position as a global leader in delivering energy solutions critical to sustaining and improving life. The Wilmott Group will operate as part of Rehlko’s Europe, Middle East, and Africa (EMEA) business – a global leader in backup power solutions for the most critical applications.

The Wilmott Group’s comprehensive capabilities in design, testing, installation and service will strengthen and support the acceleration of Rehlko’s core and aftermarket service offerings.  This acquisition will also deliver manufacturing and engineering efficiencies to support the strategic expansion of Rehlko’s data center position across EMEA.

“The addition of WBPS expands Rehlko’s data center capabilities and service offerings across EMEA, enhances vertical integration in enclosure manufacturing, and strengthens relationships with key European customers.”

Jacob Kotzubei, Co-President and Matthew Louie, Managing Director, Platinum Equity

“The Wilmott Group’s dedication to creating long-term value with customers strongly complements Rehlko’s commitment to delivering innovative and reliable energy solutions,” said Brian Melka, President and Chief Executive Officer of Rehlko. “In this new chapter for Rehlko, The Wilmott Group’s long history of success will bolster our data center solutions across the U.K. and the rest of Europe.”

The Willmott Group includes critical power specialist WB Power Services (WBPS) as well as power and industrial acoustic product manufacturer, Wiltech Acoustics.

Backed by Rehlko’s expansive organization, WBPS’ project engineering team will enhance collaboration across data center projects—a key focus of this partnership—while strengthening Rehlko’s position in the data center space across EMEA. Rehlko will also leverage Wiltech’s in-house enclosure manufacturing capabilities to reduce production time and enable greater flexibility in meeting customer needs and market demand.

Rehlko was acquired by Platinum Equity in 2024. Since its establishment as an independent company, Rehlko has continued to provide control, resilience and innovation through a comprehensive range of energy solutions. The Wilmott Group’s 19 locations across the U.K. and support at more than 4,000 critical power plants adeptly enhances Rehlko’s positioning as a reliable partner to data centers and other commercial operations across EMEA.

“The addition of WBPS expands Rehlko’s data center capabilities and service offerings across EMEA, enhances vertical integration in enclosure manufacturing, and strengthens relationships with key European customers,” said Platinum Equity Co-President Jacob Kotzubei and Managing Director Matthew Louie in a joint statement. “The acquisition also represents another significant milestone in our commitment to investing in Rehlko’s growth, both organically and through strategic acquisitions. We look forward to partnering with the company to pursue additional opportunities to grow the business across its verticals.”

Andy Wilmott, Co-CEO and Chairman of Wilmott Group, shared “We’re thrilled to be joining forces with the Rehlko team. Combining our shared capabilities will enable us to continue delivering reliable, trusted back-up power solutions to data centers, hospitals, schools, and other critical infrastructure across the United Kingdom, Europe, the Middle East and Africa. Together, we also will realize operational improvements and organizational efficiencies.”

About Rehlko

A global leader in energy resilience, Rehlko delivers innovative energy solutions that sustain and improve life across home energy, industrial energy systems, and powertrain technologies with control, resilience, and innovation. Leveraging the strength of its portfolio of businesses— Power Systems, Home Energy, Kohler Uninterruptible Power, Clarke Energy, Curtis Instruments, and Engines—and its more than a century of industry leadership, Rehlko provides power where and when the grid cannot. Rehlko goes beyond function and individual recovery to create better lives, communities, and a more durable and energy-resilient future. Learn more at rehlko.com.

About The Wilmott Group

Built on a rich heritage of over 40 years’ experience, The Wilmott Group Ltd brings together WB Power Services (WBPS) and Wiltech Acoustics under one umbrella. Since 1983, family-founded WBPS have delivered critical power solutions, including sales, hire, installation, maintenance, and renewables, across the UK. 2023 witnessed the acquisition of Wiltech Acoustics, specialists in engineered noise control acoustic systems that safeguard people, the environment, and equipment in industrial and power environments. This paved the way for the incorporation of The Wilmott Group and greatly enhanced the businesses industry-leading proposition.

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Airalo becomes the first eSIM Unicorn with an investment round of $220m

CVC Capital Partners

Backed by strong global demand, Airalo is scaling its eSIM solutions and infrastructure to power the next generation of travel with borderless mobile access for consumers and businesses alike.

Airalo, the world’s first and largest eSIM provider, today announced a $220m investment led by new investor, CVC. The investment includes new growth capital valuing Airalo at over $1 billion, marking its status as the industry’s first unicorn. Driven by surging global demand, Airalo has continued its rapid expansion and now serves over 20 million travelers across 200+ destinations. With a new app experience and unlimited data plans launching this summer, Airalo is setting a new standard for global connectivity. Airalo’s mobile app empowers travellers to instantly get the highest quality roaming experience when abroad, at prices that are a fraction of what they would normally pay.

As millions of users rely on Airalo to stay connected abroad, the company is scaling faster than ever, and this latest funding will further accelerate its growth. The investment includes $185m from lead investor CVC (through its CVC Asia Fund VI), with participation from existing investors Peak XV and Antler Elevate. This new capital will fuel the continual improvement of the customer experience, including enhanced user support, new products and better value for money. Airalo will also use its industry-leading platform to provide connectivity to companies, both for the needs of their employees and their customers.

“This funding is a major milestone, not just for Airalo, but for the future of global connectivity,” said Ahmet Bahadir Ozdemir, CEO and co-founder of Airalo. “This raise allows us to drive innovation across every part of the user journey by delivering more flexible plans and a faster, more seamless experience. We’re not just enabling better eSIM solutions for travel – we’re building the infrastructure for the next generation of international mobile connectivity.”

Quotes

Airalo, with a highly scalable digital model grown primarily through organic channels, is best positioned to deliver superior value and customer experience for global travelers. We look forward to supporting Bahadir and the Airalo team.

Siddharth PatelManaging Partner at CVC

“We are thrilled to partner with Airalo — the clear category leader in travel eSIMs and a pioneer in redefining how travelers connect worldwide,” said Siddharth Patel, Managing Partner at CVC. “The digital travel eSIM market, whilst already worth US$1 billion, is at the very early stages of becoming the main method by which consumers can receive the highest quality experience abroad, at a much lower price than they pay for roaming today.  Airalo, with a highly scalable digital model grown primarily through organic channels, is best positioned to deliver superior value and customer experience for global travelers. We look forward to supporting Bahadir and the Airalo team.”

Airalo continues to expand its connectivity offerings to provide a full suite of options for every traveler. Starting in July, the company will offer the market’s most extensive range of eSIM data bundles, whether it’s for business or pleasure—ranging from 1 GB plans ideal for quick trips and layovers to 30-day unlimited data bundles for travelers with heavier data needs. Additionally, Airalo is introducing dedicated data, text, and voice packages in select destinations to allow users to truly “connect like a local.” Beyond these new packages, Airalo will soon roll out a new in-app experience across web, iOS, and Android to further improve the user journey.

The company is also scaling its enterprise platform to meet rising demand from businesses and partners. Airalo for Business provides companies with a streamlined platform to manage global connectivity for their teams—helping them assign eSIMs, control budgets, and reduce roaming costs by up to 90%. For partners, Airalo’s White Label solution makes it easy to launch a fully branded eSIM store in minutes, unlocking new revenue opportunities with minimal effort. Airalo also offers API integrations, reseller tools, and voucher programs to enable any partner to offer travel connectivity to its users. These offerings, along with a new eSIM capability launching soon, reflect Airalo’s commitment to building the infrastructure that powers modern, mobile-first businesses everywhere.

To learn more about Airalo and how it is helping travelers stay connected, visit www.airalo.com. For more information on Airalo’s business solutions, visit www.partners.airalo.com.

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L&G and Blackstone Announce Strategic Partnership to Accelerate Growth Ambitions

Blackstone

LONDON, UK and NEW YORK, US – 10 July 2025 – Today, Legal & General (L&G, LSE:LGEN) and Blackstone (NYSE:BX) are announcing a long-term strategic partnership that combines the strength of L&G and Blackstone’s respective credit platforms to enhance L&G’s competitive advantage in annuities and bolster its asset management proposition in key geographies and channels.

L&G’s annuities business will leverage Blackstone’s private credit origination platform to access a pipeline of diversified investment-grade assets, predominantly from the US. This partnership will complement L&G’s existing capabilities to gain competitive advantage, enhanced returns, and support its growth ambitions. L&G will invest up to 10% of anticipated annuities new business flows. This will add to the $237 billion in third-party insurance assets Blackstone manages across investment-grade private credit, liquid credit, and other strategies.[1]

Additionally, L&G’s asset management business will develop public/private hybrid credit solutions that combine Blackstone’s leading private credit platform with L&G’s best-in-class active fixed income capabilities. This will accelerate L&G’s ambitions to expand into highly attractive global wealth and wholesale channels.

The partnership combines L&G’s leading positions in pension risk transfer and asset management – comprising a $122.5 billion (£92 billion) annuities book and $1.4 trillion (£1.1 trillion) in assets under management[2] – with the strength and scale of Blackstone’s $465 billion credit platform.

Antonio Simões, Group CEO, L&G said: “Today’s announcement marks another important step in delivering our strategy for focused, sustainable growth and enhanced shareholder returns. Complementing L&G’s own insurance, investment and asset origination capabilities, our partnership with Blackstone will further cement our market leading position in pension risk transfer, and enable us to address growing demand for public-private hybrid investment products. L&G will benefit from a more diverse pipeline of assets for our annuity book, and growth in asset management as we develop more sophisticated investment solutions for clients around the world.”

Jon Gray, President and Chief Operating Officer, Blackstone said: “We’re thrilled to partner with L&G, a world-class firm with strong performance that we have long admired. Blackstone has been a pioneer in bringing the benefits of private markets investing to insurance companies, individuals and institutional investors. Together, our two firms’ unmatched scale and expertise should drive innovative solutions in the private credit market.”

Eric Adler, CEO, Asset Management, L&G said: “In June, we set out our vision as a leading global investor innovating to solve client challenges, using the power of L&G. This partnership brings together the combined strengths of L&G and Blackstone’s respective credit businesses, to offer new, innovative investment solutions and extend our international reach. I am especially energised by the potential of our alliance to advance our proposition in global wealth and wholesale channels, and deepen the capabilities we can draw upon to support our institutional clients.”

Philip Sherrill, Global Head of Insurance, Blackstone said: “We believe this partnership shows the best of what Blackstone can offer to our insurance company clients. The breadth of our capabilities allows us to support our partners across their businesses – originating assets, working together to identify investment opportunities, and designing products that meet the needs of both institutional clients and individual investors.”

About Blackstone Credit & Insurance
Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset-based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.

About L&G
Established in 1836, L&G is one of the UK’s leading financial services groups and a major global investor, with £1.1 trillion in total assets under management (as at FY24) of which c. 44% (c. £0.5 trillion) is international.

We have a highly synergistic business model, which continues to drive strong returns. We are a leading player in Institutional Retirement, in Retail Savings and Protection, and in Asset Management through both public and private markets. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.

Forward-Looking Statements
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect Blackstone’s current views with respect to, among other things, its operations, taxes, earnings and financial performance and the strategic partnership referred to herein. You can identify these forward-looking statements by the use of words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “scheduled,” “estimates,” “anticipates,” “opportunity,” “leads,” “forecast,” “possible” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Blackstone believes these factors include but are not limited to those described under the section entitled “Risk Factors” in its Annual Report on Form 10-K for the year ended December 31, 2024, as such factors may be updated from time to time in its periodic filings with the United States Securities and Exchange Commission (“SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in its other periodic filings. The forward-looking statements speak only as of the date of this release, and Blackstone undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

FURTHER INFORMATION:

Blackstone
Felix Lettau
Felix.Lettau@blackstone.com
+44 20 7104 4562

L&G
Sneha Patel
sneha.patel@group.landg.com
+44 75536 04804

Headland Consultancy
Lucy Legh
landg@headlandconsultancy.com

[1] As of March 31, 2025
[2] FX conversion rate as at YE 2024

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Stonepeak to Acquire a Co-Control Stake in IFCO from ADIA

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Stonepeak

Stonepeak to join existing IFCO investor Triton, who remains a committed partner to the Company

MUNICH & NEW YORK & PULLACH, FRANKFURT AM MAIN – July 9, 2025 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced that it has entered into a definitive agreement under which Stonepeak will acquire an ~50% co-controlling stake in IFCO Group (“IFCO” or “the Company”), a leading global provider of reusable packaging solutions for fresh foods, from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”). Triton, a leading European mid-market sector-specialist investor and existing investor in IFCO, will remain a committed partner to the Company. Together, Stonepeak and Triton will have joint and equal ownership and governance of IFCO.

Founded in 1992, IFCO today manages a global logistics system that utilizes over 400 million reusable packaging containers (“RPCs”) to enable more than 2.5 billion annual shipments of fresh fruits, vegetables, and other perishables from producers to retailers through a closed-loop, circular supply chain. The Company operates a network of approximately 140 service centers to wash and repair RPCs between trips. IFCO’s reusable solutions offer clear advantages over single-use packaging, providing cost, sustainability, and automation benefits to leading food retailers and producers. With a team of approximately 2,000 employees, the Company runs a global operation serving over 300 retailers and 18,000 growers in more than 50 countries.

“With the support of ADIA and Triton, IFCO has gone through a successful strategic and operational transformation and delivered strong growth. We want to thank both investors for their contribution and welcome Stonepeak as a new partner alongside Triton. Stonepeak’s expertise in critical infrastructure and proven investment strategy paired with Triton’s long years of sector experience and focus on digitalisation and sustainability will contribute largely to IFCO’s further growth, strengthening our market leading position globally,” commented Michael Pooley, Chief Executive Officer of IFCO.

“As the operator of the largest and most established logistics network for reusable packaging in the grocery supply chain globally, IFCO represents a critical component of the logistics infrastructure delivering fresh produce,” said Nikolaus Woloszczuk, Senior Managing Director at Stonepeak. “Its leadership position is underpinned by its network and scale, which deliver cost and sustainability advantages over single-use cardboard for retailers and growers. We believe the Company’s high-quality, market-leading platform has meaningful embedded and adjacent growth opportunities, and we are excited to partner with Triton and the IFCO team to accelerate this next chapter of growth at IFCO. With IFCO’s strong and growing presence in North America, the Company fits squarely within our infrastructure investment strategy for the region.”

“We thank ADIA for its support of IFCO and the trustful collaboration with Triton over the last six years and are looking forward to continuing our investment journey with Stonepeak. Together we share the same ambition to create value for our investors and portfolio companies. IFCO is at the core of Triton’s Business Services investment strategy, where we have many years of experience and in-depth sector know-how. We thank the IFCO management team and all employees for the great journey and their excellent contribution so far and will remain a committed investor as we are very excited about the Company prospects,” adds Stephan Förschle, Partner and Co-Head of Business Services at Triton.

Hamad Shahwan Aldhaheri, Executive Director of the Private Equities Department at ADIA, said, “ADIA invested alongside Triton in IFCO’s carve-out from Brambles in 2019. Since then, IFCO has built solid foundations for the future, based on strong operational performance and enhanced digital capabilities, and is well positioned for growth. We wish the Company, Triton, and Stonepeak continued success in the years ahead.”

The transaction is subject to customary regulatory approvals and is expected to be completed in the fourth quarter of 2025.

Citi is serving as financial advisor and Kirkland & Ellis is serving as legal counsel to Stonepeak. Bank of America and Morgan Stanley & Co. International PLC are serving as financial advisors and Latham & Watkins as legal counsel to ADIA and Triton. Freshfields Bruckhaus Deringer is serving as legal counsel to ADIA.

About IFCO
IFCO is a leading global provider of reusable packaging solutions for fresh foods, empowering customers to participate in the circular economy in 50+ countries. IFCO operates a pool of over 400 million reusable packaging containers (RPCs) globally, which are used for over 2.5 billion shipments of fresh fruits and vegetables, meat, poultry, seafood, eggs, bread, and other items from suppliers to grocery retailers every year. IFCO RPCs ensure a better fresh food supply chain by protecting freshness and quality and lowering costs, food waste and environmental impact compared to single-use packaging.

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 transport and logistics, digital infrastructure, energy and energy transition, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

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

Triton has over 150 investment professionals and value creation experts across 11 offices and invests through three complementary “All Weather” strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit.

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

Contacts

For IFCO
Inigo Canalejo
Vice President, ESG and Strategic Marketing
media@ifco.com

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

For Triton
media@triton-partners.com

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SAI360 Acquires Lawcode to Disrupt U.S. Legacy Whistleblower Hotline Market

Stg Partners

SAI360, the leader in integrated risk and compliance software, has acquired Germany-based Lawcode GmbH, creators of Hintbox — a next-generation whistleblower hotline and case management platform trusted across the DACH region. This strategic acquisition marks a major leap forward in modernizing the U.S. hotline case management and reporting landscape.

“Most U.S. companies are still relying on hotline case management software tools that haven’t evolved in decades,” said Peter Granat, CEO of SAI360. “This acquisition allows us to introduce a proven, modern mobile-first platform that delivers a vastly better user experience and at a much lower cost.”

Hintbox was developed to meet the stringent privacy standards of the EU’s whistleblower laws, including GDPR, the EU Whistleblower Directive, and Germany’s HinSchG. “Security and compliance are in the platform’s DNA,” said Ubbo Aßmus, cofounder and CEO of Lawcode GmbH. “We’re bringing a European standard of data privacy and protection to a market that needs it.”

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PAI Partners and ADIA complete acquisition of majority stake in Alvest

PAI Partners

PAI Partners, a pre-eminent private equity firm, together with a wholly-owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”), have completed the acquisition of a majority stake in Alvest, the world leader in airport Ground Support Equipment (“GSE”) full-lifecycle solutions. Ardian retains a minority stake in Alvest, alongside the company’s founders and management team, who are significantly reinvesting as part of the transaction.

With a presence in airports for more than 70 years and headquartered in France, Alvest has grown to be the reference in GSE globally, providing high-performance, innovative and sustainable solutions to the aviation industry. Alvest is a key enabler of a leaner and greener aviation industry by helping airlines, ground handlers and airports reduce their Total Cost of Ownership (TCO) and CO2 emissions.

With more than 4,000 employees and 11 industrial factories worldwide, Alvest serves customers in over 170 countries, offering a broad range of GSE products and services including new equipment sales, integrated maintenance, leasing and decarbonisation solutions.

PAI and ADIA’s investment will support Alvest’s next phase of expansion and innovation, leveraging PAI’s deep expertise in the Industrial Goods & Services sector. The investment will focus on enabling Alvest to accelerate the transition to electric GSE and continue growing its product and service offering, including automated or autonomous units, innovative decarbonisation solutions, resilient servicing activities, fleet management systems and maintenance services.

Contacts

PAI Partners
Dania Saidam
+44 20 7297 4678

Abu Dhabi Investment Authority
Garry Nickson
+971 2 415 6085

About PAI Partners

PAI Partners is a pre-eminent private equity firm investing in market-leading companies across the globe. The Firm has more than €27 billion of assets under management and, since 1994, has completed over 100 investments in 12 countries and realised more than €27 billion in proceeds from over 60 exits. PAI has built an outstanding track record through partnering with ambitious management teams where its unique perspective, unrivalled sector experience, and long-term vision enable companies to pursue their full potential – and push beyond. Learn more about the PAI story, the team and their approach at: www.paipartners.com

About ADIA

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

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EQT Life Sciences leads USD 56 million Series D financing in Neuros Medical to commercialize FDA-approved treatment for post-amputation pain

EQT Life Science
  • Proceeds will be used to support U.S. commercialization of Altius®, a direct electrical nerve stimulation system designed to treat chronic, intractable post-amputation pain in adult amputees
  • Post-amputation pain is a severely underserved indication, affecting up to 80% of amputees in the U.S., with few effective non-opioid treatment options

EQT Life Sciences (“EQT”)  is pleased to announce that the LSP 7 fund and the EQT Health Economics strategy have co-led the USD 56 million Series D financing round of Neuros Medical, Inc., a U.S.-based medical device company developing breakthrough treatments for chronic post-amputation pain. The oversubscribed round marks a significant milestone in supporting the company’s mission to address a critical unmet need.

Proceeds from the financing will be used to support U.S. commercialization of Altius®, a FDA-approved direct electrical nerve stimulation system designed to treat chronic, intractable post-amputation pain in adult amputees.

Post-amputation pain is a severely underserved indication, affecting up to 80 percent of amputees in the U.S., with few effective non-opioid treatment options. The Altius® system delivers targeted nerve stimulation through a patient-controlled, on-demand therapy, and is currently the only FDA-approved solution for post-amputation pain.

David Veino, President and CEO of Neuros Medical, commented: “This funding enables us to scale our commercial operations and expand access to a breakthrough non-opioid treatment for a highly underserved patient population. We are grateful for the support from EQT and our syndicate partners as we continue our mission to relieve pain and restore life for amputees.”

Fouad Azzam, Ph.D., Partner in the EQT Life Sciences advisory team, commented: “Neuros Medical is addressing one of the most urgent and overlooked challenges in chronic pain management. EQT believes Altius has the potential to significantly improve the quality of life for amputees, and we are proud to partner with this team to bring the therapy to market.”

Contact
EQT Press Office, press@eqtpartners.com

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About EQT
EQT is a purpose-driven global investment organization with EUR 273 billion in total assets under management (EUR 142 billion in fee-generating assets under management) as of 31 March 2025, within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

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

About Neuros Medical
Founded to address the critical unmet need in chronic post-amputation pain, Neuros Medical is a privately held medical device company headquartered in Aliso Viejo, California. Its flagship product, the Altius® Direct Electrical Nerve Stimulation System, is a non-opioid, FDA-approved device that provides on-demand, patient-controlled pain relief by targeting peripheral nerves near the amputation site.

The system comprises a nerve cuff electrode and an implantable pulse generator, delivering 30-minute stimulation sessions as needed by the patient. With nearly 2 million amputees in the U.S. and 300,000 new amputations annually, the Altius® System offers a differentiated, scalable solution in a large and growing market.

For more information: www.neurosmedical.com

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Carlyle to Announce Second Quarter 2025 Financial Results and Host Investor Conference Call

Carlyle

Washington, D.C. and New York – The Carlyle Group Inc. (NASDAQ: CG) announced today that it will release financial results for the second quarter 2025 on Wednesday, August 6, 2025, and host a conference call at 8:30 a.m. EDT. The conference call will be available via public webcast from the Events & Presentations section of ir.carlyle.com and a replay will also be available after the call’s completion.

Chief Executive Officer Harvey Schwartz, along with Chief Financial Officer and Head of Corporate Strategy John Redett and Head of Public Market Investor Relations Daniel Harris, will review the results during the call.

The earnings release will be available through all Carlyle channels, including the Earnings Releases section of ir.carlyle.com and the firm’s X and LinkedIn accounts.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $453 billion of assets under management as of March 31, 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 29 offices across four continents.

Contacts
Public Market Investor Relations
Daniel Harris
+1 (212) 813-4527
daniel.harris@carlyle.com

Media
Brittany Berliner
+1 (212) 813-4839
brittany.berliner@carlyle.com

OR

Kristen Ashton
+1 (212) 813-4763
kristen.ashton@carlyle.com

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Pendo Announces Acquisition of Forwrd.ai, Bringing AI-Powered Predictive Analytics into the Pendo Platform

Thomabravo

Introduces Pendo Predict to equip GTM and product teams with instant insights to drive retention, expansion and pipeline growth

RALEIGH, N.C. and TEL AVIV, ISRAEL—Pendo, the world’s first software experience management platform, today announced that it has acquired Forwrd.ai, an Israel-based no-code predictive analytics platform that empowers business leaders to build custom AI models that predict churn, upsell potential, and lead quality, without the need for data scientists or engineers.

In today’s enterprise landscape, go-to-market and product teams are inundated with vast amounts of user and behavioral data, but often lack the tools to interpret it effectively without heavy reliance on technical teams. This acquisition addresses a growing demand for more accessible, real-time insights that inform smarter business decisions.

The Forwrd technology will serve as the foundation of a new suite of AI-driven capabilities within the Pendo platform called Pendo Predict. By combining rich usage data with Forwrd’s automated models, Pendo Predict empowers cross-functional teams to proactively identify risk and opportunity—whether it’s surfacing high-intent leads for sales, detecting churn risk and suggesting customer interventions, or uncovering expansion opportunities. The result is a more agile, aligned enterprise that can act quickly on data signals to drive retention, expansion, and revenue growth.

“Usage data is the truest and most reliable signal of customer health,” said Todd Olson, CEO and co-founder of Pendo.” By integrating Forwrd’s predictive engine into the Pendo platform, we’re giving every team instant, actionable intelligence to grow revenue and eliminate churn.”

Pendo Predict includes powerful features like:

  • Churn risk modeling: Identify accounts likely to drop off—and why.
  • Lead qualification and scoring: Prioritize the prospects most likely to convert based on in-app signals.
  • Expansion opportunity detection: Spot users with high upsell potential based on feature usage momentum.
  • Predictive segmentation: Filter and target customer segments dynamically based on forecasted outcomes.
  • “Next Best Action” recommendations: Surface intelligent suggestions (e.g., launch a guide in Pendo, escalate to customer success, flag an account in Salesforce).

“From day one, our mission has been to simplify predictive AI and embed it at the core of business operations,” said Kobi Stok, CEO and founder of Forwrd. “By combining Pendo’s proprietary data and experience layer with Forwrd’s technology, we’re transforming product, marketing, and CRM data into actions that empower teams across the organization and enable hyper-personalized customer experiences.”

Stok is an experienced product executive and serial entrepreneur who founded Forwrd.ai in 2021 and built strong early traction with industry leaders like SAP, Hubspot, JFrog and AppsFlyer. Stok and team will join Pendo’s Herzilya, Israel office.

Pendo announced the acquisition during its Pendomonium X event in Munich. The news follows a series of recent product releases that help teams measure the performance of AI agents, improve user onboarding, cut support costs, increase upsell revenue, and drive team productivity.

About Pendo:

At Pendo, we’re on a mission to improve the world’s experience with software. Thousands of global companies use Pendo to provide better software experiences for 900 million people every month. Pendo improves business outcomes by enabling non-engineers to analyze, assess, and act on software issues. Our integrated Software Experience Management (SXM) platform manages the entire enterprise software asset: Customer- and employee-facing applications; desktop and mobile platforms; and SaaS, AI and Agentic software. Find out more at pendo.com.

Read the release on the Pendo website here.

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Carlyle Provides Financing to Support TPG’s $1.1 Billion Carve-Out of Sabre’s Hospitality Solutions Business

Carlyle

New York, NY – July 8, 2025 – Global investment firm Carlyle (NASDAQ: CG) today announced that its Global Credit platform has led a $400 million financing to support TPG’s recently completed acquisition of Sabre Corporation’s Hospitality Solutions (“Hospitality Solutions”) business. The transaction established Hospitality Solutions as an independent hospitality technology company.

Hospitality Solutions provides software and solutions to more than 40% of the world’s leading hotel brands. The SaaS based platform serves as an integrated system of record for reservation and guest information, enabling hoteliers to operate with greater accuracy and efficiency.

Carlyle’s financing will support TPG’s investment in the newly independent business as it accelerates growth, executes on new product development initiatives, and continues the onboarding of major global customers.

“We’re proud to support TPG in establishing Hospitality Solutions as an independent technology leader with a strong foundation and clear path for growth,” said Kunal Gulati, Deputy Chief Investment Officer of Carlyle Direct Lending. “This transaction reflects our ability to deliver tailored capital solutions at scale to support our partner sponsors and management teams leading strategic transformations.”

Carlyle’s Global Credit platform manages $199 billion in assets under management, as of March 31, 2025. It regularly pursues investments in privately negotiated debt and capital solutions partnering with high-quality sponsors and leading family or entrepreneur-owned companies.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $453 billion of assets under management as of March 31, 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 29 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

Media Contact:

Kristen Ashton
+1 212-813-4763
kristen.ashton@carlyle.com

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