Category Archives: News

EQT Life Sciences leads Series A funding round for maternal health company Nua Surgical

EQT Life Science

Irish maternal health company Nua Surgical secures €6.5M in Series A funding led by EQT Life Sciences

SteriCISION is the first self-retaining retractor designed specifically for Caesarean section (C-section) surgeries

Proceeds will be used for regulatory approval and commercialization of the SteriCISION C-section retractor

EQT Life Sciences is pleased to announce that the EQT Health Economics strategy has invested in Nua Surgical, an Irish medical device company innovating in maternal health. The €6.5 million Series A financing was led by EQT Life Sciences. The round was also supported by new investors Kidron Capital and the Texas Medical Center (TMC) Venture Fund and existing investors including Enterprise Ireland and business veterans from Ireland and the US. The proceeds will be used to drive the regulatory clearance and early commercialization of the company product, the SteriCISION C-Section Retractor. This innovative device is specifically designed to address the unique challenges of Caesarean-section (C-section) surgery.

C-sections are the most common major surgical procedure globally, with over 30 million performed each year. The SteriCISION C-Section Retractor is the only self-retaining surgical retractor specifically designed for the unique dynamics of C-section surgery. This ergonomically designed and patented device provides fast, adjustable, and safe retraction, enabling clinicians to deliver the baby, repair tissue, and, crucially, identify bleeds. As a single-use sterile device, it aims to reduce the risk factors that lead to surgical complications, benefiting the patient, the clinician, and the healthcare system. The new investment will support Nua Surgical’s next phase of development and the early commercialization of SteriCISION. This includes expanding the team, establishing manufacturing in Ireland, and meeting the regulatory requirements necessary to gain FDA clearance.

Barry McCann, CEO of Nua Surgical, commented, “Securing this Series A financing is a crucial milestone for Nua Surgical. It not only provides the capital needed to advance our product but also brings on board a group of experienced investors who share our vision for transforming maternal health. We are eager to leverage their expertise as we move towards commercializing SteriCISION.”

“Nua Surgical’s SteriCISION C-Section Retractor has the potential to significantly enhance outcomes for mothers undergoing C-section procedures,” said Anne Portwich, Partner at EQT. “We are excited to support the company’s journey towards market entry. This innovative device has the potential to improve the quality of care and reduce healthcare costs, making it a perfect fit for our EQT Health Economics strategy.”

With the closure of this round, Anne Portwich, Partner at EQT, and Anula Jayasuriya, Co-Founder of Kidron Capital, will join the Nua Surgical Board of Directors, while Gabrielle Guttman of TMC Venture Fund and Prashanthi Ramesh of EQT will serve as Board Observers.

Contact
EQT Press Office, press@eqtpartners.com

About

About EQT Life Sciences
EQT Life Sciences was formed in 2022 following the integration of LSP, a leading European life sciences venture capital firm, into the EQT platform. As LSP, the firm raised over EUR 3.0 billion and supported the growth of more than 150 companies since it started to invest over 30 years ago. With a dedicated team of highly experienced investment professionals coming from backgrounds in medicine, science, business, and finance, EQT Life Sciences backs entrepreneurs who have ideas that could truly make a difference for patients. The team combines deep sector knowledge, analytical skills, and investment experience to provide the added value that entrepreneurs seek. For more information, go to eqtgroup.com/private-capital/life-sciences/

About Nua Surgical
Nua Surgical is a Galway-based medical company founded in 2019 by Barry McCann, Marie-Therese Maher and Padraig Maher. Since spinning out of the renowned BioInnovate Ireland programme at the University of Galway, Nua Surgical have become an Enterprise Ireland HPSU company and have received global accolades for their maternal health innovation. The company has developed the SteriCISION C-section Retractor, ergonomically designed to improve access and visualization to the uterus, reduce the risk of wound trauma and facilitate a safer surgery. The experienced founding team is bolstered with expert consultants and the recent appointment of Dr. Elizabeth Garner, global women’s health thought leader, as their board chair. For more information visit www.nuasurgical.com

 

 

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Evolve and Purple partner to enhance Wi-Fi offering

BGF

BGF portfolio companies enter strategic partnership to empower new and existing customers with improved Wi-Fi offering. Hear from their CEOs.

5 December 2024

Evolve, the leading provider of Managed Network Solutions and IT services, has announced a strategic partnership with Purple, a leading provider of Wi-Fi and place-based analytics solutions.

Both Evolve and Purple are part of the BGF portfolio. Evolve announced its investment with BGF earlier this year and Purple has already experienced rapid growth under BGF’s guidance since October 2023.

The alignment in ambition and values between the two companies made Evolve a natural choice as part of Purple’s growth strategy, supporting increased efficiency and freeing up resources to focus on other areas of business development. As Purple expands into new sectors, including hospitality, it will leverage Evolve’s established experience to provide an industry-leading Guest Wi-Fi experience to new and existing customers.

“Purple has an impressive track record when it comes to enhancing visitor experiences, optimising efficiency and increasing cost-effectiveness. I am confident that this partnership, and the change in Wi-Fi provider, will only benefit our customers and their customers with a scalable and modern solution.”
Alan Stephenson-Brown
CEO of Evolve

The partnership also marks a strategic move for Evolve, as it shifts away from its existing in-house Guest Wi-Fi to use Purple Wi-Fi for its own services. This will offer Evolve’s customers increased functionality from personalised communications and promotions (thanks to Purple’s automation tool) to automatic customer surveys, with a 97% average response rate.

Alan Stephenson-Brown, CEO at Evolve, said: “Guest Wi-Fi is no longer a ‘nice to have’, but vitally important to businesses across the retail and hospitality sectors. Enabling customers to connect and use various digital services in-store or on-the-go, as well as being a valuable marketing tool for businesses that offers insights into customer behaviour, Evolve remains committed to providing our customers with industry-leading Guest Wi-Fi services.”

Initially started in 2012 out of frustration for poor guest Wi-Fi connection, Purple has evolved into the ultimate tool for businesses to turn their physical venues into intelligent spaces. Today, Purple helps physical venues thrive by enhancing visitor experiences, optimising staff efficiency, and driving additional revenue, with its hardware-agnostic indoor locations services. With a team of over 120 dedicated employees, Purple is focused on delivering a cutting-edge, industry-leading solution, and is expanding rapidly.

“We are delighted to be working with Evolve as they embark on the next chapter of their growth plan. Evolve has an established and respected role in the hospitality industry, among other sectors, and we are confident that our joint offering will provide real added value to those businesses.”
Gavin Wheeldon
CEO at Purple

Founded in 2005, with Guest Wi-Fi as its core offering, Evolve has since seen exponential growth with the incorporation of SD-WAN, internet connectivity, and a range of innovative IT support solutions. Today, Evolve is a fully managed B2B network provider operating in 12 countries, offering its customers reliable, secure and resilient solutions.

Since its inception, Evolve has built a strong reputation for helping businesses to reduce costs and simplify the management of services across a variety of sectors including retail, hospitality, food-to-go (FTG) and petroleum franchises. Evolve’s fully managed network solutions and Guest Wi-Fi services are essential for businesses to operate efficiently and deliver a seamless customer experience.

Gavin Wheeldon, CEO at Purple, added: “By working together with Evolve to provide an improved Guest Wi-Fi service, we are creating a unique and best-in-class solution for the market. The joint credibility of Purple and Evolve will ensure that we can help to scale businesses in a robust marketplace.”

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Abselion raises £6.6 million to bring disruptive technology to market

BGF

New investment highlights the potential impact of Abselion’s technology for life sciences research and bioprocess development.

5 December 2024
Abselion raises £6.6 million to bring disruptive technology to market

Abselion, an innovator in automated analytical instrumentation that simplifies at-line protein quantification, has secured £6.6 million in Series A financing, to bring its award-winning Amperia system to market.

The cutting-edge benchtop instrument allows scientists to easily quantify antibodies, AAVs and other proteins directly from crude samples, in as little as one minute. This provides critical data on the spot, enhancing efficiency and accuracy in life sciences research and bioprocessing.

The funding round was led by M Ventures (the strategic corporate venture capital arm of science and technology company Merck), and includes new investors BioProcess 360 Partners and Untitled Ventures. BGF also contributed to the funding round, alongside R42 and other existing investors.

“We are delighted to have the support of our investment partners to advance our mission to provide scientists with critical, real-time data at the point of need. The Amperia RED technology delivers the accuracy, speed and agility required for insights that enable confident decision making, driving bioprocess optimisation and innovation.”
Ruizhi Wang
CEO of Abselion

Abselion will use the funds to drive the commercialisation and expand the capabilities of its Amperia system. Built on proprietary Redox Electrochemical Detection (RED) technology, Amperia brings a ground-breaking approach to biologics and viral-vector quantification — for confident, convenient and cost-effective automated, at-line measurement that’s accessible to all laboratories and process environments.

“We’re proud to continue our support for Abselion, as it pioneers a new standard in bioprocess analytics. The team’s dedication and innovation in addressing a critical challenge for the biopharma industry is impressive, and we’re thrilled to play a part in their ongoing journey.”
Luke Rajah
Investor at BGF

Categories: News

Weave Living and KKR Establish Strategic Partnership to Invest in Multi-family Assets in Japan

KKR

TOKYO–(BUSINESS WIRE)– Weave Living, Asia-Pacific’s pre-eminent living sector specialist, and KKR, a leading global investment firm, today announced the establishment of a strategic partnership (“Weave Living Japan Residential Venture I”) in Japan. This collaborative effort is an active management-led multi-family residential program that aims to build a portfolio of over 3,000 residential units in Japan, investing in both newly built assets and existing assets with an initial focus on Tokyo and the potential of expanding to Osaka.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241126418557/en/

(Photo: Business Wire)(Photo: Business Wire)

This strategic partnership builds on KKR and Weave Living’s urban living collaboration in South Korea, announced in March of this year, and will leverage Weave Living’s vertically integrated management capabilities and digital-first approach to bring innovation, customer centricity and differentiation to Japan’s rental housing ecosystem.

The strategic partnership has been seeded with 11 brand-new residential properties in Tokyo, comprising 439 units that Weave Living acquired and stabilized over the last 12 months since it announced its debut acquisitions in Japan in 2023. These assets are operating at close to full occupancy with a mix of traditional and fixed-term leases.

David Cheong, Managing Director and Co-Head of Acquisitions on KKR’s Asia Real Estate team, said, “We are pleased to extend our relationship with Weave Living beyond our successful strategic partnership in Korea and into Japan, which is a key market for KKR’s real estate strategy in Asia Pacific and globally. We look forward to working even more closely with Sachin and his talented team to bring our collective expertise and their differentiated approach to the multi-family residential sector in Japan.”

Sachin Doshi, Founder and Group CEO of Weave Living, said: “We are excited to be working with KKR again following the success of our collaboration in South Korea. Having their endorsement for a second programmatic strategic partnership is a strong vote of confidence for what we have built at Weave Living, and the innovation we continue to bring to the rental housing sector in the region. We are thrilled to deepen our relationship with KKR and are aligned in our expectations for the development of the multi-family sector in Japan and throughout the Asia Pacific region. We welcome their support for our latest initiative and intend to grow this strategic partnership quickly.” He added, “Weave Living Japan Residential Venture I is the first in a series of Japan-focused vehicles that Weave Living intends to launch with our institutional capital partners as the country becomes our most prolific market by AUM in the coming years.”

KKR is making its investment from Asia Real Estate Partners. The transaction marks KKR’s latest real estate investment in the Asia Pacific region and Japan. This investment adds to KKR’s continued activity and momentum in Japan’s real estate sector across different real estate investment strategies, including KJR Management, a leading Japanese real estate manager that oversees two Japanese REITs; Hyatt Regency Tokyo, a full-serviced hotel in Shinjuku; the launch of a new midscale hospitality brand Four Points Flex by Sheraton in Japan alongside Marriott International; a portfolio of multifamily properties in Tokyo; and office assets across Japan.

About Weave Living

Founded in 2017 by Sachin Doshi as a response to a large gap in the market for beautifully designed and professionally managed living options, Weave Living currently owns and operates c. 3,000 rental accommodation units across the Asia Pacific region under its four consumer brands — WEAVE STUDIOS, WEAVE PLACE, WEAVE SUITES and WEAVE RESIDENCES — catering to a broad and diverse demographic of urbanites and professionals in key gateway cities. The company operates out of four offices in Hong Kong, Tokyo, Seoul and Singapore with over 160 professionals.

Website: https://www.weave-living.com/en/jp
Instagram: @liveatweave
Facebook: @liveatweave

About KKR

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

Media Contacts
For Weave Living:
David McMahon (English)
Email: davidhoward.mcmahon@kyodo-pr.co.jp
Tel: (+81) 080-8914-9376

Aya Asoshina (Japanese)
Email: a-asoshina@kyodo-pr.co.jp
Tel: (+81) 070-4303-7299

For KKR:
KKR Asia Pacific
Wei Jun Ong
+65 6922 5813
WeiJun.Ong@kkr.com

FGS Global (for KKR Japan)
Samuel Brustad
+81 70 3853 3284
Samuel.Brustad@fgsglobal.com

Source: KKR

 

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EQT introduces the EQT Transition Infrastructure strategy with the acquisition of energy storage system developer and operator ju:niz Energy

eqt

EQT Transition Infrastructure will build on EQT’s experience in backing climate-related opportunities across strategies and more than 15 years of investing in energy transition-related infrastructure

The strategy will provide capital, as well as industrial, technological, and sustainability expertise to scale businesses and support the transition to a decarbonized and climate-resilient future

ju:niz Energy (or the “Company”), a battery energy storage system developer and operator, will be the strategy’s first highly thematic investment, to be acquired with capital from EQT’s balance sheet

Introducing the EQT Transition Infrastructure strategy
EQT Transition Infrastructure will seek to scale businesses that help enable the transition across industries to clean energy and a more resource-efficient, circular economy. Investing in North America, Europe, and Asia Pacific, the strategy will leverage EQT’s longstanding industrial experience in building businesses and deep sector expertise, and extensive experience across energy & environmental and transport & logistics investments. It will complement the Value-Add and Active Core strategies in EQT’s existing EUR 72 billion1 global infrastructure business. Since its inception over 15 years ago, EQT Infrastructure has invested over EUR 17 billion, including co-investment, in energy transition-related opportunities across 25 platform deals.

The strategy will be led by Jan Vesely, Head of EQT Transition Infrastructure in New York, and Asis Echaniz, Head of EQT Transition Infrastructure Europe in Madrid, and supported by the 130-strong EQT Infrastructure investment team. The strategy will be chaired by Francesco Starace, who joined EQT in 2023 from his position as CEO of Enel, one of the world’s largest energy utility companies and a leader in the sustainable energy transition.

Francesco Starace, Partner and Chair of EQT Transition Infrastructure, noted: “According to the International Energy Agency, technologies available today, combined with policy measures and investment, could deliver more than 80% of the emissions reductions needed by 2030. I’m excited that EQT will be able to expand its access to scaling companies with established transition-related solutions, an area that is additive to our existing infrastructure strategies. We also see this as a milestone to deepen EQT’s partnerships with our clients by offering a variety of complementary propositions addressing the huge investment need to transition to a low-carbon economy.”

Jan Vesely, Partner and Head of EQT Transition Infrastructure, commented: “The pace of technological innovation and a steady reduction in costs, coupled with digitalization and the evolution of AI, continue to drive the need for a transformation of our energy systems and the economy. Against this backdrop, EQT Transition Infrastructure will help emerging but proven solutions and businesses scale, to create the next generation of sustainable energy infrastructure.”

EQT invests in Infrastructure and Private Capital climate-related opportunities from early-stage ventures through scale-up to large buyouts. Through these investments, it aims to help strong companies address environmental challenges by driving their growth, improving their operations, and offering relevant solutions through their products and services. EQT has helped 49 portfolio companies, corresponding to 57% of its invested equity, to validate near-term Science Based Targets.2

ju:niz Energy becomes the first investment of the EQT Transition Infrastructure strategy
Headquartered in Aschheim, Germany, ju:niz Energy develops, builds, and operates utility-scale battery energy storage systems to the latest technical standards. EQT will acquire the Company from its founder, Dr. Franz Hauk.

Increasing reliance on renewable, intermittent energy sources, coupled with rising power demand from the electrification of industries and households, requires solutions to strengthen energy grid stability, including in Germany. As the largest European electricity market with rapidly expanding renewable generation capacity, the country offers significant potential for energy storage infrastructure. In this context, ju:niz Energy is well-positioned to deploy utility-scale battery energy storage systems which help support grid stability and advance decarbonization efforts.

EQT will help ju:niz Energy build on its track record and early-mover advantage to expand its business model and become an independent flexibility provider with increased asset ownership. It will support the business to build on its experience across the entire value chain to scale its development of battery energy storage projects and successfully execute on its sizeable pipeline at various levels of maturity.

Asis Echaniz, Partner and Head of EQT Transition Infrastructure Europe, added: “The introduction of this strategy reinforces EQT’s commitment to investing towards a climate-resilient future. ju:niz Energy is a perfect example of the type of business that EQT Transition Infrastructure will seek to invest in. We believe its innovative technology has strong underlying economics and the potential to help our energy infrastructure become significantly cleaner, more affordable and resilient. We look forward to partnering with the team during the Company’s next stage of growth.”

The transaction is subject to customary conditions and approvals. EQT was advised by UBS (financial), Gibson Dunn & Crutcher and Norton Rose Fulbright (legal) and McKinsey (commercial).

Contact
EQT Press Office, press@eqtpartners.com

1Total AuM as of Q3 2024
2As of Q3 2024

About

About EQT
EQT is a purpose-driven global investment organization with EUR 246 billion in total assets under management (EUR 134 billion in fee-generating assets under management), divided into 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 ju:niz Energy
ju:niz Energy develops and operates advanced large-scale battery storage systems designed to be both system- and grid-compatible while ensuring economic viability. The company’s value chain encompasses project development — from site acquisition to grid connection, project management — including planning, construction, and commissioning, as well as technical operations, maintenance, and commercial management, which involves coordinating market operations and optimizing system performance. ju:niz Energy’s strength lies in the seamless integration of planning and operations.

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Ethyca Secures $10M Investment to Accelerate Enterprise Growth; Welcomes Mozilla, Axios, and Ramp as New Customers

AXA

Ethyca scales its mission to solve the most technical challenges in data privacy for modern enterprises.

Ethyca, the leader in data privacy engineering, today announced a $10 million funding round led by Aspenwood Ventures and AVP. The investment will drive Ethyca’s continued growth and support increasing demand for its enterprise-grade data privacy and AI governance platform. Ethyca has recently added industry leaders Mozilla, Axios, Remitly, and Ramp to its customer list, further solidifying its position as the leading provider for engineered data governance in the enterprise segment.

“At Ethyca, we’re tackling the most critical challenges in data governance—ethics and trust when it comes to data privacy, and all the compliance needs associated with it,” said Cillian Kieran, CEO of Ethyca. “This new funding combined with our rapid enterprise adoption validates our thesis that compliance and data are rapidly converging for the world’s biggest companies. Their need for a comprehensive data privacy solution is greater than ever and we are ready to solve the toughest challenges out there.”

The platform provides value by improving data visibility and governance for the enterprise segment, to help clients accelerate how they can use that data for their own growth. “Enterprises increasingly leverage proprietary data to anticipate and meet consumer needs,” Manish Agarwal, General Partner at AVP said. “The demand for sophisticated engineering tooling to handle private data will soar,” he continued, “and Ethyca is uniquely positioned to meet this critical demand.”

Manish added, “Our conversations with dozens of data privacy software buyers at enterprises highlighted widespread dissatisfaction with current solutions, often seen as lacking robust backend infrastructure for comprehensive data privacy management.” Mozilla, Axios and Ramp, among many others in 2024, have all made the switch to Ethyca after discovering the breadth and depth of Ethyca’s solution compared to legacy providers and upstart market competitors.

“Ethyca has raised the bar for the privacy sector,” Lars Leckie, Managing Director of Aspenwood said, “and has set a new bar for actually doing the management and deletion of data – this is both what consumers expect and want.” The company’s novel, engineering approach to data privacy is something that, Lars added, “no one else has figured out how to bring to market.”

Engineering Privacy for the Modern Enterprise

Ethyca’s ability to solve complex data governance challenges is underpinned by its open-source privacy engineering solution, Fides. Now the most widely adopted open-source privacy platform in the world, Fides powers privacy management for enterprises. Unlike traditional approaches, Fides integrates directly into technical infrastructure, allowing engineers to embed privacy at the core of their systems—delivering seamless compliance and data ethics at scale.

“Fides is a game changer for privacy engineering,” writes Neville Samuell, VP of Engineering at Ethyca. “It empowers engineers to operationalize privacy from the start, offering transparency and flexibility that traditional solutions can’t match. It’s more than just compliance—it’s about building automated tools for data management that can adapt to the evolving landscape of privacy regulations, instead of relying on patchwork processes.”

Strategic Vision for Growth

With the backing of Aspenwood Ventures and AVP, Ethyca is set to scale its impact globally. They are joining Ethyca’s existing investors, Des Traynor (Cofounder, Intercom), Guillermo Rauch (CEO, Vercel), Scott Belsky (CSO, Adobe) and Kevin Hartz (Cofounder, Eventbrite). This investment will go towards Ethyca enhancing key product capabilities and growing its team.

Today Ethyca also announces its new rebrand. These efforts along with continued investment in product development and customer success will lead Ethyca into a new growth phase in 2025. As the world’s largest organizations face increasing privacy complexities, Ethyca is primed to lead the charge, delivering practical, scalable solutions for the future of ethical data management.

About Ethyca

Ethyca is a world leader in data privacy and AI governance, offering engineer-first solutions for scalable data privacy systems for the modern enterprise. Trusted by leading companies across all sectors, including the New York Times, Surveymonkey, Mozilla, Axios and Ramp, Ethyca transforms how organizations engineer data privacy to build consumer trust and protect data for long-term growth. For more information, visit www.ethyca.com.

About Aspenwood Ventures

Aspenwood Ventures is a leading venture capital firm focused on early-stage enterprise software companies. With a strong track record of successful investments, Aspenwood has backed innovative companies that are transforming industries. The firm’s portfolio includes high-growth companies such as Mulesoft, Five9, Sonatype, Amberdata, MobileForce, Aria Systems, Wundergraph and Klue. By partnering with exceptional entrepreneurs Aspenwood is bringing the future of enterprise software to today.

​​About AVP

AVP is a global venture capital firm specializing in high-growth, technology-enabled companies, managing more than $2 billion in assets across four investment strategies: Venture, Growth, Late Stage, and Fund of Funds. Since its establishment in 2016, AVP has invested in more than 60 technology companies in Venture and Growth stages in the U.S. and Europe. With offices in New York, London, and Paris, AVP supports companies in expanding internationally and provides portfolio companies with tailored business development opportunities to further accelerate their growth. For more information about AVP, please visit www.axavp.com.

Contacts
Ethyca
Michael Melia, Head of Marketing
press@ethyca.com
+1 (917) 830 3336

Aspenwood Ventures
Haley Etter, Executive Assistant (haley@aspenwoodvc.com)

AVP
Sébastien Loubry, Partner Business Development (sebastien@axavp.com)

Categories: News

TSG expands market presence with acquisition of Aerocar

Accent Equity

 

Stockholm, 5 December 2024

  • ThorSvecon Group (TSG) expands into southern Sweden with the acquisition of Aerocar Konsult (Aerocar), based in Helsingborg
  • The acquisition enables improved service delivery capabilities in key local markets such as Malmö, Helsingborg, and Gothenburg
  • Aerocar’s management has re-invested alongside Accent Equity and TSG management

TSG, a portfolio company of Accent Equity, is pleased to announce the acquisition of Helsingborg-based Aerocar. This strategic move strengthens TSG’s position in the freight forwarding sector and accelerates its growth by integrating Aerocar’s expertise and operational capabilities. The combined entity will offer an expanded and more competitive portfolio of logistics solutions to existing and new customers.

With this acquisition, TSG significantly enhances its footprint in southern Sweden, enabling improved service delivery in key markets including Malmö, Helsingborg, and Gothenburg.

Daniel Berglind, Head of TSG Forwarding, commented:

“The acquisition of Aerocar represents a key milestone in our growth strategy, reinforcing our presence in southern Sweden. Aerocar’s experience and capabilities allow us to extend our full suite of services across this critical region, enabling us to better support our clients in Malmö, Helsingborg, and Gothenburg.”

Founded in 2007, Aerocar has built a strong reputation in the forwarding industry, primarily serving the Helsingborg region while managing logistics operations across global markets.

Jonas Bengtsson, founder of Aerocar, expressed his optimism about the partnership:

“Becoming part of TSG is an exciting opportunity for Aerocar. This partnership enables us to leverage TSG’s local expertise and global network, providing our customers with a broader range of services. Both companies share a dynamic entrepreneurial spirit and a customer-centric focus, making this collaboration a natural fit for our growth ambitions.”

Aerocar’s operations in Helsingborg will continue under the current management team, who will also become shareholders in TSG, ensuring continuity and local expertise.

Looking ahead, TSG remains focused on its growth agenda. Daniel Berglind outlined the company’s future plans:

“This is our second acquisition in a short period and a testament to our commitment to expanding both organically and through strategic acquisitions. With the support of Accent Equity, we are well-positioned to pursue further growth opportunities and continue delivering exceptional value to our customers.”

For more information, please contact:
Mikael Strand, Associate Partner of Accent Equity, +46 70 542 50 01,
mikael.strand@accentequity.se

Eric Hjalmarsson, CEO ThorSvecon Group, +46 70 331 71 22,
eric.hjalmarsson@tsg.se

Daniel Berglind, Head of TSG Global Forwarding, +46 70 591 41 65,
daniel.berglind@tsg.se

About ThorSvecon Group:
ThorSvecon Group is a logistics company offering door to door sustainable solutions integrating short sea liner services, terminals, warehousing, forwarding and agency services. The group’s short sea liner service is calling ports in Sweden, UK, Netherlands, and Belgium. In the UK, the group operates a port terminal in the port of Hull.
www.tsg.se

About Aerocar Konsult:
Aerocar Konsult is a logistics company specializing in freight forwarding and related services. The company is dedicated to providing flexible, customer-specific solutions designed to manage complex and time-sensitive logistics needs. Established in 2007, Aerocar is headquartered in Helsingborg and serves clients with a global reach.
www.aerocar.se

About Accent Equity:
Accent Equity has since 1994 invested in private Nordic companies where a new partner or owner can serve as a catalyst. Our ambition is to invest in and develop the companies to be Nordic, European or Global leaders through a professional, hands-on and long-term oriented approach that results in superior and sustainable returns.
accentequity.se
Follow Accent Equity on LinkedIn

Categories: News

CVC DIF sells 169MW portfolio of Uruguayan wind farm projects to Pluspetrol

CVC Capital Partners
  • CVC DIF makes successful first divestment from Latin American portfolio
  • Operational improvements at the Cerro Grande and Peralta sites yielded significant efficiency gains
  • Peralta site saw all 50 towers upgraded as part of wide ranging value creation strategy

CVC DIF, the infrastructure strategy of leading global private markets manager CVC, is pleased to announce that DIF Infrastructure V (DIF V) and DIF Infrastructure VI (DIF VI) have completed the sale of the Cerro Grande and Peralta wind farm projects in Uruguay to Pluspetrol.

The portfolio represents the second largest private portfolio in Uruguay for renewable assets totalling more than 169MW of installed capacity across 72 Enercon E-92 turbines.

Cerro Grande is a c.52MW operational wind farm project acquired by DIF V in 2019. Peralta is a c.118MW operational wind farm acquired by DIF VI in 2021. During its ownership, CVC DIF successfully optimised operations at both sites, including delivering a project to upgrade all 50 towers at the Peralta site over an 18-month period.

Andrew Freeman, Partner and Head of Exits at CVC DIF, said: “We are excited to announce our first divestments in Latin America, marking a significant achievement for DIF V and DIF VI. These successful exits highlight the impact our proactive value creation approach can deliver.

CVC DIF continues to deliver superior returns for its investors whilst financing the energy transition. We remain committed to identifying and capitalizing on opportunities that drive both financial performance and sustainable growth.”

DIF V and DIF VI were advised on the transaction by Scotiabank (financial), Herbert Smith Freehills (legal, corporate) and Hughes & Hughes (legal, project).

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Apollo Funds Acquire 50% Stake in 2 GW Texas Solar and BESS Portfolio from TotalEnergies

Apollo logo

NEW YORK, Dec. 04, 2024 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that funds managed by Apollo affiliates (the “Apollo Funds”) have agreed to acquire a 50% stake in a Texas solar and battery energy storage system (“BESS”) portfolio from TotalEnergies. The portfolio includes approximately 2 GW of solar and BESS assets in strategic locations in Texas’ ERCOT market, consisting of three solar projects with a total capacity of 1.7 GW and two battery storage projects with a combined capacity of 300 MW. TotalEnergies will retain a 50% stake in the portfolio and continue to operate the assets, which include Danish Fields, Cottonwood and Hill Solar I.

Apollo Partner Brad Fierstein said, “We are pleased to partner with TotalEnergies, a leading energy company at the forefront of the energy transition, and to invest in a highly contracted, scaled renewable asset portfolio. Apollo’s Clean Transition strategy enables us to be a flexible and long-term capital partner, supporting the growth of TotalEnergies’ Integrated Power business and capital recycling strategy.”

Over the past five years, Apollo-managed funds have deployed approximately $40 billioni into energy transition and sustainability-related investments, supporting companies and projects across clean energy and infrastructure, including offshore and onshore wind, solar, storage, renewable fuels, electric vehicles as well as a wide range of technologies to facilitate decarbonization. Across asset classes, Apollo targets deploying $50 billion in clean energy and climate investments through 2027 and sees the opportunity to deploy more than $100 billion by 2030.

The transaction is subject to customary closing conditions and is expected to be completed in Q4 2024.

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 September 30, 2024, Apollo had approximately $733 billion of assets under management. To learn more, please visit www.apollo.com.

Apollo 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

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i As of June 30, 2024. Deployment commensurate with Apollo’s proprietary Climate and Transition Investment Framework, which provides guidelines and metrics with respect to the definition of a climate or transition investment. Reflects (a) for equity investments: (i) total enterprise value at time of signed commitment for initial equity commitments; (ii) additional capital contributions from Apollo funds and co-invest vehicles for follow-on equity investments; and (iii) contractual commitments of Apollo funds and co-invest vehicles at the time of initial commitment for preferred equity investments; (b) for debt investments: (i) total facility size for Apollo originated debt, warehouse facilities, or fund financings; (ii) purchase price on the settlement date for private non-traded debt; (iii) increases in maximum exposure on a period-over-period basis for publicly-traded debt; (iv) total capital organized on the settlement date for syndicated debt; and (v) contractual commitments of Apollo funds and co-invest vehicles as of the closing date for real estate debt; (c) for SPACs, the total sponsor equity and capital organized as of the respective announcement dates; (d) for platform acquisitions, the purchase price on the signed commitment date; and (e) for platform originations, the gross origination value on the origination date.

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Kian Capital’s Forensic Engineering Platform Sdii Global Expands with Roar Engineering Acquisition

Kian Capital

Kian Capital-backed Sdii Global, LLC (“Sdii”), a forensic engineering and consulting firm primarily supporting claim resolution for the property and casualty (“P&C”) insurance industry, completed the acquisition of Roar Engineering Inc. (“Roar”).

Founded in 2015 and based in Mississauga, Ontario, Roar Engineering is a leading Canadian forensic engineering firm providing comprehensive investigations and reports to help clients successfully navigate insurance claims and disputes. The Roar team brings trial-tested expertise across numerous engineering disciplines, enabling it to serve as a one-stop-shop solution for its customer base.

As a combined platform, the duo represents an industry-leading forensic engineering services provider, offering considerable geographic and portfolio breadth and depth while maintaining the outstanding reputation of excellence each firm has earned. Roar and Sdii will continue to operate independently while sharing cross-platform resources to further enhance client outcomes.

“Roar and Sdii share a foundational and ever-present commitment to providing clients with high-quality expert support through world-class investigative techniques and meticulous reporting,” said Roar Co-Founder and Co-CEO Michael Rochon. “It was important for Roar to find a partner that held itself to the same high customer service standards, and we’re proud to say we found that in Sdii.”

“With the establishment of the partnership, Roar and Sdii will be able to offer increased client benefits with deeper expert resources, a larger geographic footprint and a continued emphasis on rapid response times, furthering our commitment to providing a top-tier client experience,” added Roar Co-Founder and Co-CEO Vincent Rochon.

Moving forward, the business plans to continue growing its geographic presence and portfolio of services through organic and strategic M&A efforts. The acquisition expands the platform into Canada, and the team will continue to deepen its North American presence in the years to come.

“In addition to large-scale geographic coverage, Roar brings diversification to the platform’s portfolio with its focus on fire and explosion investigation, accident reconstruction, electrical engineering, metallurgical engineering, environmental engineering and mechanical engineering, which complement Sdii’s core civil, structural, environmental and geotechnical business lines nicely,” said Sdii President Catherine Carty. “We’re thrilled to establish this partnership that will foster growth in these areas and expand service offerings for clients across Canada and the U.S., which will now include solutions for the automobile and marine sectors of the P&C industry.”

Kian completed a strategic majority investment in Sdii in 2022, but the firm has supported the company’s strategy since 2016, when it provided senior secured debt to facilitate a management-led buyout.

“This partnership perfectly aligns with Sdii’s growth strategy,” said Kian Partner Scott Buschmann. “Adding Roar to the portfolio expands Sdii’s geographic presence and service line offerings, driving us one step closer to our mission of growing from a regional leader to a national leader with international reach.”

Sdii is actively seeking additional partnerships with founders in forensic engineering and consulting, including electrical, mechanical and structural forensic engineering, fire and explosion investigation, accident reconstruction, failure analysis, biochemical and human factors engineering and building consulting. Business owners interested in learning more should contact David Duke, Partner, Business Development at Kian, at dduke@kiancapital.com.

Disclaimer

This article does not constitute an offer to sell or the solicitation of an offer to purchase any investments or securities, including any securities of Kian Capital (“Kian”), or any funds or accounts managed or advised by Kian in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation.

Any such offer or solicitation may be made only by means of the delivery of a confidential private offering memorandum (the “Memorandum”), which will contain material information not included herein regarding, among other things, information with respect to risks and potential conflicts of interest, and other offering and governance documents of any given fund or account (collectively with the Memorandum, the “Fund Documents”).

In addition to large-scale geographic coverage, Roar brings diversification to the platform’s portfolio with its focus on fire and explosion investigation, accident reconstruction, electrical engineering, metallurgical engineering, environmental engineering and mechanical engineering, which complement Sdii’s core civil, structural, environmental and geotechnical business lines nicely. We’re thrilled to establish this partnership that will foster growth in these areas and expand service offerings for clients across Canada and the U.S., which will now include solutions for the automobile and marine sectors of the P&C industry.

 

 

Catherine Carty
President of Sdii Global

Sdii Global

Sdii Global is an industry-leading forensic engineering and consulting firm delivering innovative solutions and expert opinions to help clients resolve complex challenges. Specializing in accurate, timely analyses, Sdii’s team of experienced professionals brings unparalleled quality and expertise to every project. Its expert technical staff is comprised of licensed geologists, geotechnical engineers, civil/structural engineers, scientists and fire origin and cause investigators. The company’s unique technology-driven approach provides real-time project status updates to clients and demonstrates its dedication to customer service excellence. Whether it’s timely property insurance claims resolution assistance or comprehensive litigation support services, Sdii Global has the specialized expertise to deliver effective solutions.

In addition to large-scale geographic coverage, Roar brings diversification to the platform’s portfolio with its focus on fire and explosion investigation, accident reconstruction, electrical engineering, metallurgical engineering, environmental engineering and mechanical engineering, which complement Sdii’s core civil, structural, environmental and geotechnical business lines nicely. We’re thrilled to establish this partnership that will foster growth in these areas and expand service offerings for clients across Canada and the U.S., which will now include solutions for the automobile and marine sectors of the P&C industry.

 

 

Catherine Carty
President of Sdii Global

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