UTRECHT – October 6, 2025 – Rabo Investments Corporate Venturing (RICV) is pleased to announce the investment of OneSpan into our portfolio company ThreatFabric, a global leader in proactive fraud detection and mobile threat intelligence. This partnership marks a pivotal moment in ThreatFabric’s mission to protect people from fraud and scams by combining cutting-edge AI, behavioural analytics, device risk and real-time threat intelligence.
The investment will accelerate ThreatFabric’s ability to deliver global excellence in fraud prevention, enabling faster innovation, deeper intelligence, and broader delivery. As fraudsters increasingly exploit mobile devices through malware, social engineering, and remote access tools, ThreatFabric’s layered defense approach is uniquely positioned to detect and disrupt these hybrid threats—before victims are harmed.
“At ThreatFabric, we believe fraud prevention is about more than stopping transactions—it’s about protecting people,” said Han Sahin, CEO of ThreatFabric. “This investment from OneSpan empowers us to scale our mission globally, delivering AI-powered protection that is proactive, privacy-first, and rooted in the best threat intelligence available.”
Founded in Amsterdam in 2015, ThreatFabric protects over 60 million banking customers globally and has been recognized in Gartner’s Emerging Tech reports. The company is backed by Rabo Investments, Motive Ventures, 10x Founders, 14Peaks Capital, and now, OneSpan.
Dains, a leading provider of accountancy and advisory services, has announced its fourth acquisition since securing private equity backing from IK Partners. The addition of Curo enhances the firm’s audit, tax, accounting and advisory capabilities and strengthens its commitment to both UK and international clients.
The Dains Group has acquired Curo, a Worcestershire professional services practice known for delivering high-quality audit, tax, accounting and advisory services to a diverse portfolio of UK and international clients.
Founded in 2005 by Anna Madden and Julia Gallagher, who first met whilst working together at a ‘Big Four’ firm, Curo has built an excellent reputation – combining technical expertise with a highly personalised approach.
Curo enhances Dains’ capabilities in areas traditionally associated with much larger firms, whilst complementing its focus on clarity and client service.
The Curo team, based in Bromsgrove, will continue to operate under the leadership of Anna Madden (Head of Audit) and Julia Gallagher (Head of Tax) after twenty successful years at the helm.
Like Dains, Curo is built on close, long-term client partnerships and a shared commitment to providing clarity and confidence in an increasingly complex business landscape.
Richard McNeilly, CEO of the Dains Group said: “Curo has built an outstanding reputation for technical excellence and long-standing client relationships.
“Its ability to deliver complex audits and cross-border tax work, while maintaining a highly personal approach, is rare in the market and complements our own strengths perfectly.
“By bringing our teams together, we’re strengthening our ability to provide clarity and confidence to clients navigating complex challenges, whilst extending the breadth of services and support available to them.”
Anna Madden, Co-Founder and Head of Audit at Curo said: “When Julia and I founded Curo, our vision was to combine the technical standards of a’ Big Four’ firm with the personal service and flexibility that clients truly value.
“Over the years, we’ve built long-lasting relationships and supported clients with increasingly complex and international needs.
“Joining the Dains Group allows us to continue that journey with greater scale and resources, while keeping the trusted relationships that sit at the heart of our firm.”
Julia Gallagher, Co-Founder and Head of Tax at Curo added: “We are proud of the reputation Curo has earned for quality, expertise and client service.
“Becoming part of the Dains Group means our clients will benefit from an expanded range of services, without losing the personal connection and continuity they rely on.
“We’re excited to be working with a team that shares our values and commitment to helping clients succeed.”
Advisors on the deal:
Dains were advised by DSW (Financial and Tax Due Diligence), PDW (Customer Referencing), Cyber Crowd (IT Due Diligence), Mercia (Technical Due Diligence).
Curo were advised by Transcend Corporate (Corporate Finance) and Shakespeare Martineau (Legal).
For further questions, please contact:
Anna Cooper
Group Communications Manager
Email: acooper@dains.com
Phone: 07483 138964
About Dains Group
Dains is ranked 29th in the National Accountancy Age ranking by firm size and was the fastest-growing firm within the surveyed top 100 accountancy firms in the UK. The team is now over 1000 people strong, including 120 Partners and Directors with offices throughout the UK. Our core services are Accountancy & Business Services, Audit, Corporate Finance, Forensic Accounting, Taxation and Probate alongside outsourced FD and HR support. We deliver these services with a focus on our core values of Valued Relationships, Fairness, Working & Succeeding Together and Integrity. Together, these core values comprise the Dains DNA, which permeates every one of our interactions and activities.
Curo is a well-regarded Worcestershire-based practice, offering a service focused on delivering high-quality audit, tax, accounting and advisory. Founders and partners Anna Madden and Julia Gallagher have grown the business over 20 years into the practice it is today, with clients covering a wide range of industries across the UK and overseas.
Partnership to create GLIDE, a platform targeting US$5 billion of high-quality warehouses across the GCC
New York, NY and Abu Dhabi, UAE – 6 October 2025 – Blackstone (NYSE: BX), the world’s largest alternative asset manager, and Lunate, an Abu Dhabi-based global investment management firm with over US$110 billion in assets under management, today announced a strategic partnership to invest in logistics assets across the Gulf Cooperation Council region (“GCC”).
Under the partnership, Blackstone, which is the largest private owner of logistics assets globally at over 1.2 billion square feet, and Lunate, which has an extensive regional network and investment capabilities, will establish Gulf Logistics Infrastructure Development Enterprise (“GLIDE”)—a platform dedicated to the development, acquisition and management of Grade A logistics assets across the GCC. It is expected that additional strategic partners in the GCC will also participate in GLIDE, which will have dedicated teams across the region, supporting its build-out.
Demand for logistics in the GCC is growing rapidly, driven by a number of factors including economic growth, rising e-commerce and manufacturing activity. At the same time, there is currently a significant gap in the availability of Grade A logistics facilities—featuring modern specifications, superior operational efficiency, and adherence to international standards—which is creating compelling investment opportunities in the region. Targeting US$5 billion in high-quality warehouse assets, GLIDE will seek to accelerate the development of logistics infrastructure in the GCC, focusing primarily on greenfield developments, complemented by selective portfolio acquisitions and sale‑and‑leaseback transactions with leading regional businesses.
Jon Gray, President and Chief Operating Officer at Blackstone, said: “The profound economic transformation underway in the GCC, driven by pro-growth policies, favorable demographic shifts and broad-based economic diversification, is creating powerful momentum for sectors like logistics. We are thrilled to partner with Lunate to combine our investment expertise and deep logistics experience with their strong GCC presence and capabilities to build GLIDE, a pan-regional logistics platform at scale.”
Khalifa Al Suwaidi, Managing Partner at Lunate, said: “We are proud to join forces with Blackstone—the world’s largest private logistics assets owner—to launch GLIDE, a unique platform designed to capitalize on opportunities in the GCC logistics market. GLIDE will offer our clients and investors access to compelling investments in high-quality logistics assets and support the development of new infrastructure to drive growth across the GCC. This partnership combines global scale with regional expertise to unlock a market ready for transformation.” About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.
About Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US$325 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office and hospitality. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT). Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust, Inc. (NYSE: BXMT).
About Lunate
Lunate is an independent global investment firm with more than US$110 billion in AuM, headquartered in Abu Dhabi. With a core focus on private markets, we are also active across the broader asset management spectrum, working with a diverse client base that includes institutions, family offices and corporates.
As a leader in private market solutions, we leverage our scale, agility and access to top-tier partners to invest across multiple asset classes and geographies through our co-mingled funds, customized portfolios and SMAs, seeking to deliver superior risk-adjusted returns for our clients. Lunate has also established Alterra, the world’s largest private climate investment vehicle and Axight, focused on mid-market opportunities in Asia Pacific.
Complementing its private markets platform, Lunate offers investors a range of conventional and thematic ETFs, defined benefit solutions through Ghaf Benefits, and wealth management services.
Lunate Capital Limited, Axight Capital Limited and Alterra Management Limited are regulated by ADGM FSRA, Lunate Capital LLC is regulated by SCA, and are all subsidiaries of Lunate Holding RSC Limited. 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 subsequent 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 subsequent 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. Media Contacts Blackstone
Dafina Grapci-Penney Dafina.GrapciPenney@Blackstone.com
+44 (0)755 367 3528
Successful fundraise reflects the strength of Bain Capital’s global private equity platform, which combines scale with a differentiated investment strategy and now manages more than $27 billion across its latest vintage of North America, Europe, and Asia funds
BOSTON – October 3, 2025 – Bain Capital today announced it completed fundraising for its latest flagship private equity fund, Bain Capital Fund XIV, (“Fund XIV”), with $14 billion in total commitments, including approximately $11.8 billion of external commitments exceeding its original target of $10 billion. In keeping with the firm’s heritage across all of its funds, Bain Capital-related entities committed the balance of the capital and collectively are its single largest investor.
Together, Fund XIV and the recently closed Europe VI (2023) and Asia V (2023) private equity funds represent more than $27 billion of committed capital. Bain Capital’s private equity platform, which manages approximately $68 billion in total assets, combines the scale of a global leader with the agility of regionally focused funds and the connectivity of a fully integrated global team. This fundraise also reflects the continued confidence investors place in disciplined, durable platforms with strong alignment and a consistent record of performance across cycles.
Fund XIV is the latest vintage of Bain Capital’s global private equity business, a strategy the firm has executed consistently since 1984. Over four decades, Bain Capital has partnered with management teams to help companies grow and transform by driving operating improvements, unlocking transformational change, and achieving sustainable scale. The private equity team invests across five core verticals — Consumer, Healthcare, Industrials, Services, and Technology — and regularly draws on the insights and capabilities of the broader Bain Capital platform.
“Bain Capital’s ability to help companies reach their full potential, even in complex environments, has been the foundation of our private equity strategy for more than four decades,” said Chris Gordon, Partner and Global Co-Head of Private Equity. “Our growth-oriented approach connects global insight with deep industry expertise, empowering people across our firm and our portfolio companies to unlock transformational change and achieve sustainable scale. We are one hands-on, collaborative, and integrated team across our platform, which is particularly well-suited for today’s market. With the continued support of our investors and the strength of our global platform, Fund XIV positions us to carry this work forward and continue to create lasting impact.”
“In today’s competitive environment, scale without discipline is not enough,” added David Humphrey, Partner and Co-Head of North America Private Equity. “Our strategy has always been to focus on opportunities where Bain Capital can bring a true advantage — pairing sector specialists with cross-platform insights and the resources of our global team. That approach has enabled us to generate meaningful liquidity for our investors even in one of the most challenging exit markets since the financial crisis. Looking ahead, we remain focused on supporting transformation, driving growth, and continuing to serve as a trusted partner to leading businesses across the globe.”
Bain Capital’s global private equity platform brings together more than 330 investment and portfolio professionals worldwide, including a dedicated Portfolio Group of nearly 90 specialists. This team combines deep sector expertise with functional capabilities in areas such as digital transformation, supply chain, and talent, and works side by side with investment teams and management from diligence through ownership. This differentiated, hands-on model — with roughly 80% of value creation over the past decade driven by operating improvements rather than financial engineering — has enabled Bain Capital to build enduring businesses and deliver consistent results across market environments.
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).
NEW YORK, Oct. 06, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds (the “Apollo Funds”) have agreed to acquire Eagle Creek Renewable Energy (“Eagle Creek” or the “Company”), a leading independent owner and operator of hydroelectric facilities across the U.S. Financial terms were not disclosed.
Eagle Creek owns and operates 85 hydroelectric facilities across 18 states, providing renewable power to support rapidly growing energy demand from data center infrastructure and the Industrial Renaissance in the U.S. Hydropower is differentiated as a low carbon reliable energy source with baseload capabilities. The Company’s nearly 700 MW portfolio makes it one of the largest and most diversified independent hydro platforms in the country, and its facilities produce enough electricity to power over 260,000 homes.
“The Eagle Creek team have built one of the leading independent hydro portfolios in the U.S., with a strong safety and performance track record and a diversified footprint,” said Joseph Romeo, Partner at Apollo. “We see significant opportunity to support the business in its next phase—further expanding the platform and providing reliable, clean power generation to meet the growth in demand. We look forward to bringing our network and significant industry experience to bear alongside this highly experienced team as we seek to accelerate growth.”
“We’re incredibly proud of the platform our team has built to date, providing clean, reliable power to communities, utilities and businesses across the U.S.,” said Neal Simmons, Chief Executive Officer of Eagle Creek. “With the Apollo team’s support, we look forward to building on that foundation, strengthening our operations and finding new ways to serve the growing needs of our customers.”
Since 2022, Apollo-managed funds and affiliates have committed, deployed, or arranged approximately $59 billion1 of energy transition-related investments, supporting companies and projects across energy, infrastructure and industrial sectors.
The transaction is subject to customary closing conditions, including the receipt of regulatory approvals, and is expected to be completed in the first quarter of 2026.
BMO Capital Markets served as financial advisor and Vinson & Elkins served as legal counsel to Apollo Funds.
—
1. As of June 30, 2025. The firmwide target (the “Target”) to deploy, commit, or arrange capital commensurate with Apollo’s proprietary Transition Investment Framework (“TIF”) is more than $100 billion by 2030. The TIF, which is subject to change at any time without notice, sets forth certain activities classified by Apollo as Transition Activities, and the methodologies used to calculate contribution towards the Target. Only investments determined to be currently contributing to a Transition Activity in accordance with the TIF are counted toward the Target. Under the TIF, Apollo uses different calculation methodologies for different types of investments in equity, debt and real estate. For additional details on the TIF, 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 June 30, 2025, Apollo had approximately $840 billion of assets under management. To learn more, please visit www.apollo.com.
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
The novel design of AtaCor’s Atala™ lead aims to provide reliable sensing, antitachycardia pacing (ATP), and shock therapies with no hardware placed in the heart or vasculature
SAN CLEMENTE, Calif., Oct. 6, 2025 /PRNewswire/ — AtaCor Medical, Inc., a privately-held medical device company focused on transforming cardiac rhythm management systems, announced today that it has entered into a financing of up to $75 million. The proceeds will fund the company’s U.S. FDA Pivotal Study evaluating AtaCor’s parasternal extravascular implantable cardioverter-defibrillator (EV-ICD) system for the treatment of life-threatening ventricular tachyarrhythmias.
AtaCor Medical’s EV-ICD Atala™ Lead and Delivery Tool
“There is a clear and growing need for extravascular ICD systems that combine a straightforward implant procedure with the ability to deliver the full spectrum of tachyarrhythmia therapies using a small pulse generator,” said Rick Sanghera, Chief Executive Officer of AtaCor Medical. “AtaCor is poised to meet that need. We are proud to close this financing round and excited to initiate our pivotal trial next year.”
AtaCor’s EV-ICD system consists of the Atala™ lead and an implantable pulse generator. The Atala™ lead is implanted via a small left parasternal incision, positioned through the rib space with electrodes placed against the pericardium, outside of the heart and vasculature. The pulse generator can be placed in either a lateral or pectoral subcutaneous device pocket, representing a novel option for EV-ICD systems. This unique EV-ICD system aims to deliver the benefits of defibrillation and antitachycardia pacing without the long-term risks associated with intravascular or intracardiac leads.
“The AtaCor team is developing a meaningful solution for patients, while protecting the integrity of the heart for future interventions,” commented Maria Berkman, Chair of the AtaCor Board of Directors. “The Board is delighted to see this infusion of capital in support of AtaCor’s pivotal trial, bringing this important technology one step closer to the bedside.”
AtaCor recently completed enrollment of its ASCEND EV Pilot Study, with initial results accepted for presentation at the upcoming Asia Pacific Heart Rhythm Society (APHRS) meeting this November in Yokohama, Japan. Building on these initial results, AtaCor plans to launch the ALARION EV Pivotal Study in the United States and Europe in 2026, which aims to evaluate the safety and efficacy of the parasternal EV-ICD system and support global regulatory submissions.
The AtaCor EV-ICD Lead System is under development exclusively for investigational use and is not approved for sale in any geography.
About AtaCor Medical, Inc.
AtaCor Medical is transforming cardiac pacing and defibrillation with its proprietary extravascular ICD (EV-ICD) system. The novel design provides the full range of therapeutic capabilities of traditional implantable defibrillators, including defibrillation and antitachycardia pacing, without placing hardware inside the heart or vascular system. AtaCor’s technology both preserves future cardiac treatment options and overcomes key limitations of existing ICD systems.
AtaCor venture investors include Arboretum Ventures, Broadview Ventures, Longview Ventures, Hatteras Venture Partners, Catalyst Health Ventures, and BayMed Venture Partners.
Positions Energia Group for continued investment in the energy transition
Ardian, a world-leading private investment firm, today announced that it has entered into a definitive agreement to acquire 100% of Energia Group (“Energia”), one of the largest energy utilities on the island of Ireland, from I Squared Capital (“I Squared”), a leading global infrastructure investor. The transaction is expected to be completed in Q1 2026, subject to customary regulatory approvals.
Energia operates across the entire energy value chain in the Republic of Ireland and Northern Ireland, serving almost 900,000 homes and businesses. It is one of the longest established providers of renewable electricity in Ireland, supplying approximately 17% of the island of Ireland’s total electricity requirements and 20% of its total wind power. Energia combines renewables, flexible generation, and customer solutions, and has a strong track record of successful renewable energy developments, with an attractive pipeline of new wind, solar and BESS capacity.
The Group is well positioned to meet Ireland’s increasing demand for secure, low-carbon electricity to sustainably power the country’s growing digital economy. Energia has also entered into a strategic partnership with a global technology partner for the development of a 165MW data center in Dublin and its corresponding supply of renewable energy, solidifying its leadership in the energy transition.
Under I Squared’s ownership since 2016, Energia has undergone a significant transformation into a modern, diversified utility underpinned by a strong renewables pipeline, modern customer solutions, and critical grid infrastructure. This included commissioning a green hydrogen project, expanding onshore wind and into solar, and investing in batteries and grid stability services. Energia today offers a compelling combination of regulated and long-term contracted earnings, alongside exposure to Ireland’s strong structural growth in electricity demand.
Ardian’s acquisition reflects long-term confidence in Energia’s strategic position and future growth. Energia combines the earnings stability of regulated and contracted assets with exposure to structural growth in demand, with highly secured projects ready to meet rapidly increasing energy demand. Ardian will leverage its expertise in essential infrastructure and across the energy value chain to support Energia in its next phase of growth, particularly through its experience developing and managing renewables platforms, alongside its track record in data centers.
The transaction will have no impact on Energia’s customers, employees, partners or suppliers. The company remains committed to delivering on its strategy and supporting Ireland’s sustainable energy future.
“Energia’s focus remains on transforming Ireland’s energy system by deploying renewables and other low carbon solutions at scale, while continuing to deliver secure and affordable energy to our domestic and commercial customers. We are grateful for I Squared’s support over the past nine years and the strong, future-ready platform we have built together.”
“Ireland is at a pivotal point, with rapid electrification, growing demand from new technologies, and global investment in digital infrastructure all accelerating. Energia is ideally placed to meet these needs, and with Ardian’s long-term backing, we’re excited to continue scaling our business to help power this next phase of Ireland’s growth for our customers, partners and employees.” Ian Thom, CEO of Energia
“We are proud to be investing in Energia, which marks Ardian’s first investment in Ireland. The company has demonstrated its market leadership in Ireland and Northern Ireland over many years and has ambitious plans to grow, driven by secured capital projects and increasing energy demand. Ardian is a highly experienced investor in essential infrastructure and European utilities. We have been impressed by Energia’s strong growth and resilience in the context of a volatile energy market, and look forward to sharing our expertise to further develop its renewable generation portfolio, flexible capacity and enhance the efficiency of the whole company.” Juan Angoitia, Co-Head of Infrastructure Europe & Senior Managing Director, Ardian
“Energia is at the forefront of the convergence between energy utilities and digital infrastructure. The company’s pioneering approach to combining hyperscale data center development with new renewable energy generation, will unlock significant opportunities for growth in Ireland. We look forward to working with the management team on their ambitious plans to support the decarbonisation of the entire economy.” William Briggs, Managing Director, Ardian
“This sale represents one of I Squared’s largest exits and is a testament to the hard work and dedication of the whole Energia team. Since our initial investment in Energia in 2016, I Squared has deployed over USD 3 billion in portfolio companies with Irish operations, underscoring our deep confidence in Ireland’s economy and supportive investment environment. Ireland continues to attract leading global companies and offers exceptional opportunities for infrastructure investors like I Squared. We remain committed to Ireland and look forward to building on our strong track record of investing in its growth and innovation.” Mohamed El Gazzar, Senior Partner, I Squared Capital
Participants
Ardian
Juan Angoitia-Grijalba, William Briggs, Alexis Ballif, Alvaro Sanz Carrasqueño, Matthias Hübener, Niranjan Bhardwaj, Angel Sanchez-Cantalejo
Financial: Evercore
Legal: Kirkland & Ellis, Matheson
Financial, Tax, Technical and Environmental Due Diligence: Alvarez & Marsal
Commercial Due Diligence: Afry, Timera
Regulatory Due Diligence: NERA
I Squared
I Squared’s financial advisers were Morgan Stanley, Barclays and Santander. Legal advice for I Squared was provided by Simpson Thacher & Bartlett. Irish legal advice was provided by Arthur Cox.
ABOUT ENERGIA
Energia Group is a leading integrated Irish energy business with substantial operations in both the Republic of Ireland and Northern Ireland. The Group primarily operates across three business units: Renewables, Flexible Generation and Customer Solutions, and is committed to powering the energy transition across the island of Ireland.
The Group owns and operates 16 wind farms on the island, with two further projects almost complete, and also has two gas-fired power stations in north County Dublin that are critical to security of supply. The Group’s ongoing investments in new renewable electricity projects will play an important role in the achievement of Ireland’s renewable electricity and wider decarbonisation goals for 2030.
Energia supplies almost 17% of the island of Ireland’s total electricity requirements and 20% of the island’s total wind power meeting the energy needs of almost 900,000 homes and businesses with competitive electricity and gas services provided through its two retail brands Energia and Power NI.
With offices in Dublin, Belfast, Antrim, and Omagh, Energia employs over 1,100 people and is one of only a small number of companies to have achieved the Business Working Responsibly mark from Business in the Community, the leading independently audited standard for CSR and Sustainability in Ireland.
Ardian is a world-leading private investment firm, managing or advising $192bn of assets on behalf of more than 1,850 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 19 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.
I Squared Capital is a leading global infrastructure investor managing $50 billion in assets. We build and scale essential infrastructure businesses that deliver critical services to millions of people worldwide. Our portfolio includes over 90 companies operating in more than 70 countries and spanning sectors such as energy, utilities, digital infrastructure, transport, environmental and social infrastructure. Headquartered in Miami, our team of over 300 professionals is based across offices in Abu Dhabi, London, Munich, New Delhi, São Paulo, Singapore, Sydney and Taipei.
AI pilots fail not because models don’t work, but because data systems lack reliability and context. To scale AI responsibly, enterprises need validated data at the source and metadata enriched with health and governance signals. This article shows how Telmai and Atlan close this gap. Telmai validates data as it lands, while Atlan’s Metadata Lakehouse adds lineage and governance to create the trusted foundation for scaling AI.
With a surge in AI investment, enterprise leaders are under mounting pressure to deliver reliable, scalable AI solutions that create measurable business impact. A recent MIT study found that 95 percent of generative AI projects failed to produce measurable outcomes, as many organizations struggle to move beyond experimentation and into reliable execution. AI pilots are failing to deliver, not because the models don’t work, but because the underlying foundational data systems upon which they are built lack reliability and context.
Autonomous systems and AI agents act on data in microseconds, so there’s no time for late-stage downstream fixes where most companies focus their data quality efforts today. To power AI-native ecosystems at scale, organizations must build trust at the source as data is ingested and ensure that data quality metadata is pushed to data catalogs and metadata systems, allowing agents to evaluate fitness before consumption. This creates the trusted foundation that Autonomous AI products need to operate reliably and at scale.
By combining Telmai’s AI-first data quality platform with Atlan’s AI-native metadata and governance platform through Atlan’s App Framework, enterprises gain a seamless way to detect, resolve, and govern data issues directly within the tools their teams already use.
In this article, let’s dive deeper into how they together create a single fabric of trust + context that allows enterprises to move beyond pilots and scale AI responsibly.
Why is real-time validation at ingestion critical for reliable AI?
The failure point for most AI initiatives isn’t in the model, but rather it’s in the underlying data pipeline feeding it. Business Intelligence (BI) is inherently deterministic and descriptive, working with structured historical data to explain what happened through predefined reports and dashboards. AI, in contrast, is non-deterministic and predictive. It consumes both structured and unstructured data to learn patterns, forecast outcomes, and make autonomous decisions.
The old adage “garbage in, garbage out” takes on far higher stakes here. AI and LLMs always identify patterns from the inputs they receive and derive insights without context or judgment. If those inputs are incomplete, drifting, or biased, the model confidently reproduces those flaws at scale.
Traditional data quality approaches were designed for a reporting world, where errors could be corrected after a dashboard broke or a KPI looked suspicious. AI-native workloads break this model entirely. AI and autonomous systems operate at machine speed, where thousands of micro-decisions are made every second. Waiting until the BI or monitoring layer to enforce quality is simply too late, as the damage has already propagated through to downstream business-critical applications.
That’s why ingestion-layer validation has become non-negotiable. Data quality must be ensured before Agentic workflows can access or read the data, not after the data lands in the access layer, at the data lake, or before it enters the lake through event streams. Reliability must be enforced as data is ingested into the lake, especially in open formats like Apache Iceberg and Delta Lake, where it is profiled and validated before being published to production tables.
This is exactly where Telmai comes in. Purpose-built for AI-first architectures, Telmai continuously monitors and validates data through your data pipeline, irrespective of volume or velocity. Telmai’s ML-driven and rule-based checks automatically detect anomalies, schema changes, and data drift before they impact production. Further, Telmai can publish data health KPIs into data catalogs and metadata systems like Atlan, enriching lineage and governance with real-time data quality context.
Agentic AI systems don’t have the luxury of waiting for late-stage fixes. They act in microseconds. That means trust must be built into data at ingestion, and that trust must travel with context across the enterprise, “ said Mona Rakibe, Co-Founder and CEO of Telmai. “With the App Framework, Telmai and Atlan will give teams a trusted data layer ready to power applications and integrations that let AI move beyond pilots and deliver at scale.”
How Atlan extends this trust with context
Trust in data is only half the story. For enterprises to scale AI responsibly, trust must travel with context so every consumer, whether human, system, or AI agent, knows what the data means, where it came from, and how it can be used.
As part of Atlan’s new App Framework, Telmai is now integrated directly into Atlan’s Metadata Lakehouse. For the first time, enterprises can unify monitoring within the same foundation that powers column-level lineage, business-ready data products, AI governance, and policy & compliance monitoring.
With this integration, customers using Telmai and Atlan can:
Unify trust and context in the Metadata Lakehouse – Telmai’s data quality signals, such as freshness, anomaly detection, schema changes, and volume drift, are automatically surfaced inside Atlan, enhancing lineage and metadata with actionable insights that empower data consumers and AI agents alike.
Enable true interoperability for agentic AI – For agentic systems to truly scale, interoperability is critical. The tools and services that agents depend on, whether for validation, access, enrichment, or downstream action, must be accessible through a common layer. Atlan delivers this through its open Metadata Lakehouse by providing consistent, versioned context across raw ingestion data and curated data products, ensuring data fitness can be evaluated at every step.
Enforce policy and compliance at scale – With Telmai’s data quality metadata embedded in the context layer, data trust signals can flow downstream via column-level lineage and bidirectional tag management to other platforms like Databricks, Snowflake, or data access systems. When Data Quality issues are encountered, they can trigger automated governance workflows, ensuring policy compliance and reducing risk across autonomous AI pipelines.
Enterprises can’t scale AI responsibly without a foundation of trust and context. Telmai brings real-time, ingestion-level validation, and Atlan serves as the context layer, ensuring that trust travels with context across every system, workflow, and AI agent.” said Marc Seifer, Head of Global Alliances at Atlan. “Together, Telmai and Atlan are enabling organizations to move beyond pilots and build AI systems that operate reliably, responsibly, and at scale.”
Get AI-Ready—Now
For enterprises to successfully transition AI pilots into production, they need real-time, low-latency access to validated data, along with metadata that carries context about its health, lineage, and governance. Without this foundation, AI agents operate blindly, lacking visibility into whether the data they consume is fit for use, where it originated, or whether they are authorized to access it.
Telmai and Atlan close this gap. Telmai continuously monitors and validates data in open table formats, such as Apache Iceberg and more, as it lands in the lake layer, detecting anomalies and data quality issues before they propagate downstream. It then generates rich observability metadata, which flows into Atlan’s Metadata Lakehouse. There, these signals are combined with lineage, policies, and business glossaries, providing a complete picture of data health and context for both humans and AI agents.
By bringing Telmai’s data quality signals into Atlan’s Metadata Lakehouse, enterprises can now drive measurable impact on their AI implementation with reliability and context fabric that enables AI to scale responsibly.
Want to learn how Telmai and Atlan can work together to scale your existing data infrastructure to be AI-ready? Click here to connect with our team for a personalized demo.
Want to stay ahead on best practices and product insights? Click here to subscribe to our newsletter for expert guidance on building reliable, AI-ready data pipelines.
Novacap, a leading North American private equity firm, is pleased to announce that it has successfully closed its investment in FyberCom. The transaction marks the sixth platform investment by Novacap’s Digital Infrastructure Sector.
Headquartered in Idaho Falls, Idaho, FyberCom is a broadband service provider delivering high-speed fiber and fixed wireless internet to rural homes and businesses across Eastern Idaho. Since 2014, FyberCom has been committed to connecting underserved communities, with a strong focus in recent years on expanding its fiber network to meet the growing demand for reliable, high-speed connectivity.
“This partnership reflects our continued conviction in the rural broadband opportunity,” said Francois Laflamme, Senior Partner at Novacap. “FyberCom has built a strong local presence and a meaningful impact in the communities it serves. We are pleased to support the team as they continue to grow their network and expand access to essential digital infrastructure across Idaho.”
“This partnership with Novacap represents an important step forward for FyberCom,” said Jared Stowell, CEO of FyberCom. “We remain committed to delivering fast and reliable internet to rural communities and are excited to accelerate that mission with Novacap’s support.”
The investment reflects a shared commitment to supporting broadband expansion in underserved markets and aligns with a strategy of Novacap Digital Infrastructure Fund of partnering with companies that deliver essential connectivity across North America.
About FyberCom
Founded in 2014, FyberCom provides high-speed fiber and fixed wireless internet services to residential and commercial customers throughout Eastern Idaho. With a focus on rural and underserved communities, the company is dedicated to expanding reliable digital access across the region.
For more information, visit: fybercom.net
About Novacap
Novacap is a leading North American private equity investor and one of Canada’s most experienced private equity firms. Founded in 1981 to partner with visionary entrepreneurs, Novacap focuses on middle market and lower-middle market companies in four core sectors: Technologies, Digital Infrastructure, Industries and Financial Services. Novacap combines deep sector specific expertise and strategic and operational excellence to partner with entrepreneurs and management teams. Since its inception, the firm has made primary and add-on investments in more than 250 companies. With over US $10 billion in assets under management and a presence across offices in Montreal, Toronto, and New York, Novacap accelerates value creation through strategic growth initiatives and a strong focus on execution.
CVC will acquire a significant minority stake in ISP
ISP educates over 110,000 students in 111 schools across 25 countries
ISP follows a proven growth strategy, adding high-quality schools to its platform in locations with strong demand
Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients, is to welcome CVC Strategic Opportunities (“CVC”), a leading global private equity manager, as a significant minority shareholder in International Schools Partnership (“ISP” or “the Company”). CVC will acquire a 20% stake in the Company. Partners Group will remain the majority shareholder and OMERS, which acquired a minority stake in ISP in 2021, will also remain a shareholder.
Partners Group and the ISP management team founded the Company in 2013 and have since built it into one of the largest K-12 school platforms globally, educating over 110,000 students in 111 schools across 25 countries. ISP follows a proven growth strategy, adding high-quality schools to its platform in locations with strong demand and enhancing them with the Company’s differentiated learning approach. ISP aims to provide a holistic education and develop all aspects of a student’s learning experience, with a strong focus on academic progress, as well as the development of language, digital, and life skills.
During its ownership, Partners Group’s transformational investing approach has focused on helping ISP’s schools to deliver high quality education. In ISP’s next phase of growth, the new shareholder group and management team will work together on further driving the Company’s successful strategy. Key value creation initiatives will include adding new schools to the platform, investing in the development and implementation of proprietary technology solutions as part of teaching, and further expanding the infrastructure of schools to improve the student experience and provide room for future growth.
Steve Brown, Chief Executive Officer, International Schools Partnership, comments: “ISP’s schools seek to be the ‘school of choice’ in their area. We seek to cultivate lifelong learners who possess the resilience, adaptability, and self-belief to navigate a changing world and future working environments. Partners Group has always shared our fundamental belief in putting students and their education first. As we reflect on our growth to-date, we look forward to welcoming our new shareholders at CVC on board and continuing our mission.”
Andrew Deakin, Partner, Partners Group, says: “ISP is one of our proudest achievements as a private equity platform. We started with just an idea, a team, and a thematic conviction that the global education market would continue to grow. After over a decade of hard work, strategic planning, and careful execution alongside the talented management team, we stand as a global leader in K-12 education with a differentiated learning approach. The tailwinds driving our growth are strong and we are excited about the next chapter for ISP. We look forward to welcoming CVC as a new shareholder.”
We are excited to embark on our partnership with ISP, one of the world’s leading K12 education platforms. The K-12 sector, and ISP in particular, is an excellent fit for our Strategic Opportunities strategy, which focuses on supporting value creation in long-term partnership investments.
Jan Reinier VoûteManaging Partner and Co-Head of CVC Strategic Opportunities
Jan Reinier Voûte, Managing Partner and Co-Head of CVC Strategic Opportunities, CVC, added: “We are excited to embark on our partnership with ISP, one of the world’s leading K12 education platforms. The K-12 sector, and ISP in particular, is an excellent fit for our Strategic Opportunities strategy, which focuses on supporting value creation in long-term partnership investments. We believe ISP is exceptionally well placed for continued growth and, most importantly, provides high-quality education to more than 110,000 students worldwide, creating long-lasting value for families and communities. We look forward to supporting this mission over the coming years, alongside Partners Group having successfully built the group since inception.”
