The Arab Energy Fund and Stonepeak Enter $1 Billion Strategic Partnership to Advance Energy Infrastructure Across the Middle East

Stonepeak

RIYADH, Saudi Arabia & NEW YORK – May 19, 2025 – The Arab Energy Fund (formerly APICORP), a leading multilateral impact financial institution focused on the MENA energy sector, and Stonepeak, the world’s largest independent infrastructure firm and leading US infrastructure investor, today announced that they have entered into a strategic partnership to invest in energy infrastructure across the Middle East.

The partnership will primarily focus on businesses in the energy sector, supporting efforts to build critical infrastructure in the region.

“This strategic alliance marks a defining step in our mission to mobilize global capital into the region’s evolving energy landscape,” said Khalid Ali Al-Ruwaigh, Chief Executive Officer of The Arab Energy Fund. “With Stonepeak as a partner, we aim to accelerate the development of resilient, future-ready energy platforms that contribute to economic growth and energy security across the Middle East.”

“This partnership reinforces our long-term strategy to back high-quality energy assets in collaboration with experienced global investors,” said Maheur Mourali, Chief Investment Officer of The Arab Energy Fund. “Stonepeak brings world-class expertise and alignment with our vision to deliver both impact and value through disciplined investment in essential infrastructure.”

“The Middle East has made energy diversification a key priority, with Saudi Arabia and other nations throughout the region setting ambitious targets,” said Mike Dorrell, CEO, Chairman, and Co-Founder of Stonepeak. “We are thrilled to be partnering with The Arab Energy Fund to build and create businesses in the region focused on this mission-critical sector.”

“This partnership will support the continued growth and evolution of the region’s energy sector,” added Hajir Naghdy, Senior Managing Director and Head of Asia and the Middle East at Stonepeak. “With our local presence in the region and deep expertise in the global energy sector, Stonepeak is well-positioned to contribute meaningfully to this exciting partnership.”

About The Arab Energy Fund

The Arab Energy Fund is a multilateral impact financial institution focused on the MENA energy sector established in 1974 by the ten Arab oil-exporting countries. The Arab Energy Fund’s mission is to enable a secure and sustainable energy future for the region through a comprehensive range of financing and direct equity solutions and expert advisory services across the entire energy value chain to leading public and private sector business partners in over 35 markets. The Arab Energy Fund applies best-practice ESG principles across all operations, with environmental and socially linked projects comprising 20% of its USD 5.8bn loan portfolio. The Arab Energy Fund is the only energy-focused financial institution in the MENA region rated ‘Aa2’ by Moody’s, ‘AA’ by Fitch and ‘AA-’ by S&P.

About Stonepeak

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

Contacts

The Arab Energy Fund
Zara Siddiqui
zarasiddiqui@taef.com
+ (966) 138-597325

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

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Ratos completes divestment of airteam

Ratos

On 18 March, Ratos announced the agreement to divest airteam, a leading Nordic supplier of technical ventilation solutions, to Nalka Invest. The divestment is completed as of today, May 16, after customary regulatory approval and other conditions were met, including payment of the purchase price. The transaction is in alignment with Ratos streamlining towards a more uniform Group, consisting of fewer platforms with strong margins.

“We are very proud of the progress airteam has made under Ratos ownership and with Nalka Invest the company will have a qualified and committed owner to support its continued journey and we wish them all the best. Today’s announcement is an important step in our ongoing streamlining of the Ratos Group,” says Jonas Wiström, President and CEO of Ratos.

For more information, please contact:
Katarina Grönwall, VP Communication & Sustainability
+46 70 300 35 38, katarina.gronwall@ratos.com

Christian Johansson Gebauer, President Business Area Construction & Services
+46 8 700 17 00

Jonas Wiström, President and CEO
+46 8 700 17 00

About Ratos
Ratos is a Swedish business group focusing on technological and infrastructure solutions, consisting of 14 companies divided into three business areas: Construction & Services, Industry and Consumer. The companies have approximately SEK 32 billion in net sales 2024. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in Execution and It’s All About People. We enable independent subsidiaries to excel by being part of something larger. People, leadership, culture and values are key focus areas.

Categories: News

KKR Invests in 544-Bed Student Housing Development near University of Warwick, UK

KKR

High-quality PBSA scheme is currently being delivered by Gilltown and Winvic for academic year 2027/28

London, 16 May 2025 – KKR, a leading global investment firm, and Inhabeo, KKR Real Estate’s living sector platform in Europe, today announced an agreement to forward fund a purpose-built student accommodation (PBSA) asset near the University of Warwick. The scheme, under development by leading British PBSA specialist Gilltown and general contractor Winvic, is scheduled to complete in the summer of 2027, before the start of the academic year. 

The new scheme will deliver accommodation for 544 students, including a mix of four-to-six bed cluster flats and studios, and aims to achieve top sustainability credentials. Located alongside other student accommodation in close proximity to the University of Warwick – a top 10 UK university, top 3 UK business school and member of the prestigious Russell Group – the scheme will help meet the growing demand for new private student accommodation in the area. The development features attractive indoor and outdoor common spaces, as well as commercial space in a convenient location for students and the local community. 

Seb d’Avanzo, Managing Director and Head of Real Estate Acquisitions for KKR in Europe, said“We’re pleased to grow our student housing portfolio with Inhabeo by investing in this strategically located development scheme which is transforming a vacant office space into a vibrant student community to address the University of Warwick’s need for more residential accommodation. This investment underscores the strength of our conviction in providing highquality living spaces in undersupplied markets that enjoy resilient demand from top universities.” 

James Gillespie, Development Director at Gilltown, said“Collaborating with KKR and Inhabeo on this latest exciting project is an important step for Gilltown and we’re very pleased to be working alongside Winvic Construction to deliver it.” 

Ross Netherway, CEO of Inhabeo, added: We’re delighted to add to our European living sector investments alongside KKR through this off-market transaction. Gilltown and Winvic have proven track records and we look forward to delivering this development with them.” 

The development will add to KKR’s expanding portfolio of PBSA assets in the UK and follows the completion of an 819-bed PBSA scheme in Bristol last year. KKR and Inhabeo have also made investments in the broader UK residential market, most recently through the acquisition of The Slate Yard, a portfolio of three Build-to-Rent (BtR) multi-family buildings in Manchester. KKR’s residential footprint spans the UK, Continental Europe and the Nordics. 

KKR is making the investment primarily through its value-add and opportunistic European real estate strategy. BCLP served as legal advisor to KKR and Inhabeo. Gunnercooke and Shoosmiths acted as legal advisors to Gilltown and Longstreet served as its funding advisor. 

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 KKRs 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. www.globalatlantic.com. 

 

About Inhabeo 

Inhabeo is a specialist living sector platform founded in 2023. Inhabeo works in partnership with KKR across Europe with a focus on Build-to-Rent and Purpose-Built Student Accommodation for both core-plus and value-add strategies. For additional information about Inhabeo, please visit www.inhabeo.com. 

Media Contacts
KKR Alastair Elwen / Oli Sherwood
FGS Global
+44 20 7251 3801
KKR-LON@fgsglobal.com
 

 

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Carlyle, SK Capital Partners and bluebird bio Provide Updated Tender Instructions

Carlyle

Stockholders that have previously tendered their shares must re-tender their shares

Stockholders may elect to receive either $3.00 per share plus CVR of $6.84 per share in cash payable upon achievement of a net sales milestone or $5.00 per share with no CVR

SOMERVILLE, Mass.—(BUSINESSWIRE)—May 16, 2025—As previously announced on May 14, 2025, Carlyle (NASDAQ: CG) (“Carlyle”), SK Capital Partners, LP (“SK Capital”) and bluebird bio, Inc. (NASDAQ: BLUE) (“bluebird”), have amended their definitive agreement pursuant to which Carlyle and SK Capital will purchase all of the outstanding shares of bluebird. The parties have issued the following updated instructions for stockholders to tender their shares into the offer.

Updated Instructions for Stockholders:

  • Contrary to prior instructions, stockholders that have previously tendered their shares must re-tender their shares and complete and sign the letter of election and transmittal attached to the Offer to Purchase. Detailed instructions are available in the Offer to Purchase.
  • Previously tendered shares will not be valid unless they are re-tendered with an election. If stockholders that previously tendered do not take action, it will have the same effect as withdrawing previously tendered shares from the offer.
  • Stockholders that hold shares of bluebird through a broker or other nominee may be subject to a processing cutoff that is prior to the tender deadline, so it is important to act now.
  • Stockholders who need assistance with tendering their shares of bluebird may contact the Information Agent, Innisfree M&A Incorporated, by calling toll-free at (877) 825-8793.

Details on Amended Agreement:

Under the terms of the amended agreement bluebird stockholders can elect to receive either (x) the original offer of $3.00 per share in cash plus a contingent value right (“CVR”) of $6.84 per share in cash payable upon achievement of a net sales milestone or (y) $5.00 per share in cash. The amended offer price provides an alternative for stockholders who would prefer greater upfront cash consideration instead of the potential upside of the CVR. Any shares tendered for which no election is made will receive the original consideration of $3.00 per share in cash plus a CVR per share.

The bluebird board of directors unanimously approved the amended agreement and recommends that all stockholders immediately tender their shares in support of the transaction. The bluebird board of directors continues to believe that the transaction with Carlyle and SK Capital, as amended, represents the only viable option for stockholders to receive consideration for their shares. Absent a majority of stockholders tendering, bluebird is at significant risk of defaulting on its loan agreements with Hercules Capital, and it is extremely unlikely that stockholders would receive any consideration for their shares in a bankruptcy or liquidation.

As previously announced on May 5, 2025, Carlyle and SK Capital have received all required regulatory approvals to complete the transaction, and all parties expect the transaction to be consummated promptly following the successful completion of the ongoing tender offer, which expires one minute after 11:59 p.m. New York City time on May 29, 2025.

About bluebird bio, Inc.

Founded in 2010, bluebird has been setting the standard for gene therapy for more than a decade—first as a scientific pioneer and now as a commercial leader.  bluebird has an unrivaled track record in bringing the promise of gene therapy out of clinical studies and into the real-world setting, having secured FDA approvals for three therapies in under two years.  Today, we are proving and scaling the commercial model for gene therapy and delivering innovative solutions for access to patients, providers, and payers.

With a dedicated focus on severe genetic diseases, bluebird has the largest and deepest ex-vivo gene therapy data set in the field, with industry-leading programs for sickle cell disease, ß-thalassemia, and cerebral adrenoleukodystrophy.  We custom design each of our therapies to address the underlying cause of disease and have developed in-depth and effective analytical methods to understand the safety of our lentiviral vector technologies and drive the field of gene therapy forward.

bluebird continues to forge new paths as a standalone commercial gene therapy company, combining our real-world experience with a deep commitment to patient communities and a people-centric culture that attracts and grows a diverse flock of dedicated birds.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across its business and conducts its operations through three business segments: Global Private Equity, Global Credit and Carlyle AlpInvest.  With $453 billion of assets under management as of March 31, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 2,300 people in 29 offices across four continents.  Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

About SK Capital 

SK Capital is a transformational private investment firm with a disciplined focus on the life sciences, specialty materials, and ingredients sectors.  The firm seeks to build resilient, sustainable, and growing businesses that create substantial long-term value.  SK Capital aims to utilize its industry, operating, and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth, and profitability, as well as lower operating risk.  SK Capital’s portfolio of businesses generates revenues of approximately $12 billion annually, employs more than 25,000 people globally, and operates more than 200 plants in over 30 countries.  The firm currently has approximately $9 billion in assets under management. For more information, please visit www.skcapitalpartners.com.

 

Additional Information and Where to Find It

This communication is not an offer to buy nor a solicitation of an offer to sell any securities of bluebird.  The solicitation and the offer to buy shares of bluebird’s common stock is only being made pursuant to the Tender Offer Statement on Schedule TO (as amended), including an offer to purchase, a letter of election and transmittal and other related materials, that Parent and Merger Sub filed with the SEC. In addition, bluebird filed with the SEC a Solicitation/Recommendation Statement on Schedule 14D-9 (as amended) with respect to the tender offer. Investors may obtain a free copy of these materials and other documents filed by Parent, Merger Sub and bluebird with the SEC at the website maintained by the SEC at www.sec.gov.  Investors may also obtain, at no charge, any such documents filed with or furnished to the SEC by (i) bluebird under the “Investors & Media” section of bluebird’s website at www.bluebirdbio.com or (ii) by Parent and Merger Sub by calling Innisfree M&A Incorporated, the information agent for the Offer, toll-free at (877) 825-8793 for stockholders or by calling collect at (212) 750-5833 for banks or brokers.

INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THESE DOCUMENTS, INCLUDING THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 OF BLUEBIRD AND ANY AMENDMENTS THERETO, AS WELL AS ANY OTHER DOCUMENTS RELATING TO THE TENDER OFFER AND THE MERGER THAT ARE FILED WITH THE SEC, CAREFULLY AND IN THEIR ENTIRETY PRIOR TO MAKING ANY DECISIONS WITH RESPECT TO WHETHER TO TENDER THEIR SHARES INTO THE TENDER OFFER BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS OF THE TENDER OFFER.

 

Forward-Looking Statements

The statements included in this press release that are not a description of historical facts are forward-looking statements. Words or phrases such as “believe,” “may,” “could,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “seek,” “plan,” “expect,” “should,” “would” or similar expressions are intended to identify forward-looking statements. The forward-looking statements are based on bluebird’s current beliefs and expectations and include, but are not limited to: statements regarding beliefs about the potential benefits of the transaction contemplated by the Agreement and Plan of Merger, dated as of February 21, 2025 (the “Merger Agreement”), by and among bluebird, Parent and Merger Sub; the planned completion and timing of the transaction contemplated by the Merger Agreement; statements regarding bluebird’s future results of operations and financial position; bluebird’s expectations with respect to the commercialization of its products, including without limitation, patient demand, the timing and amount of revenue recognition; and bluebird’s ability to establish favorable coverage for its therapies. Risks and uncertainties that could cause results to differ from expectations include: uncertainties as to the timing and completion of the offer and the merger; uncertainties as to the percentage of bluebird stockholders tendering their shares in the offer; the possibility that competing offers will be made; the possibility that various closing conditions for the offer or the merger may not be satisfied or waived; risks relating to bluebird’s liquidity during the pendency of the offer and the merger or in the event of a termination of the Merger Agreement; risks that the milestone related to the contingent value right is not achieved; the effects of disruption caused by the transaction making it more difficult to maintain relationships with employees, collaborators, vendors and other business partners; risks related to diverting management’s attention from bluebird’s ongoing business operations; the risk that stockholder litigation in connection with the transactions contemplated by the Merger Agreement may result in significant costs of defense, indemnification and liability; delays and challenges in bluebird’s commercialization and manufacturing of its products, including challenges in manufacturing vector for ZYNTEGLO and SKYSONA to meet current demand; the internal and external costs required for bluebird’s ongoing and planned activities, and the resulting impact on expense and use of cash, has been, and may in the future be, higher than expected, which has caused bluebird, and may in the future cause bluebird, to use cash more quickly than it expects or change or curtail some of its plans or both; substantial doubt exists regarding bluebird’s ability to continue as a going concern; bluebird’s expectations as to expenses, cash usage and cash needs may prove not to be correct for other reasons such as changes in plans or actual events being different than bluebird’s assumptions; the risk that additional funding may not be available on acceptable terms, or at all; risks related to bluebird’s loan agreement, including the risk that operating restrictions could adversely affect bluebird’s ability to conduct its business, the risk that bluebird will not achieve milestones required to access future tranches under the agreement, and the risk that bluebird will fail to comply with covenants under the agreement, including with respect to required cash and revenue levels, which could result in an event of default; the risk that the efficacy and safety results from bluebird’s prior and ongoing clinical trials will not continue or be seen in the commercial context; the risk that the QTCs experience delays in their ability to enroll or treat patients; the risk that bluebird experiences delays in establishing operational readiness across its supply chain; the risk that there is not sufficient patient demand or payer reimbursement to support continued commercialization of bluebird’s therapies; the risk of insertional oncogenic or other safety events associated with lentiviral vector, drug product, or myeloablation, including the risk of hematologic malignancy; the risk that bluebird’s products, including LYFGENIA, will not be successfully commercialized; and other risks and uncertainties pertaining to bluebird’s business, including the risks and uncertainties detailed in bluebird’s prior filings with the SEC, including under the heading “Risk Factors” in bluebird’s Annual Report on Form 10-K for the year ended December 31, 2024, and any subsequent Quarterly Reports on Form 10-Q filed with the SEC.

You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement and we undertake no obligation to revise or update these statements to reflect events or circumstances after the date hereof, except as required by law.

Investors & Media Contacts 

Bluebird 

Investors: 

Courtney O’Leary

(978) 621-7347

coleary@bluebirdbio.com

Media: 

Jess Rowlands

(857) 299-6103

jess.rowlands@bluebirdbio.com

 

Carlyle 

Media: 

Brittany Berliner

(212) 813-4839

brittany.berliner@carlyle.com

SK Capital 

Ben Dillon

(646)-278-1353  

bdillon@skcapitalpartners.com

Categories: News

Wireless Logic welcomes General Atlantic as minority shareholder

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Montagu

16 MAY 2025, LONDON: Wireless Logic (or “the Company”), a leading independent global Internet of Things (“IoT”) solutions provider, welcomes General Atlantic, a leading global investor, as a new minority shareholder, through investment from the firm’s BeyondNetZero climate growth equity fund. The Company’s existing shareholder, Montagu, a leading mid-market private equity firm, will remain the majority shareholder, reinvesting alongside General Atlantic.

The transaction, which values Wireless Logic at £3.5 billion, is subject to customary closing conditions and is expected to close in the third quarter of 2025.

Founded in 2000 and headquartered in the UK, Wireless Logic is the global leader in IoT connectivity, dedicated to bridging the physical and digital worlds with seamless, secure, and scalable solutions for businesses in any sector. The platform helps clients from a diverse range of industries connect and manage all their IoT devices, no matter the device, geography or network, in a single platform. The Company is net zero aligned through its commitment to SBTi, and plays a key role in enabling a vast range of IoT connected energy transition and climate applications, including smart grids, micro-mobility, industrial optimisation, and precision agriculture.

With continued backing from Montagu and the additional support of General Atlantic, Wireless Logic is primed to continue its high growth trajectory. By pursuing an organic investment and active acquisition strategy, Wireless Logic is expected to further strengthen its market-leading position by driving global geographic expansion, diversifying market channels, and enhancing its platform offering.

Partnering with General Atlantic will bring complementary global scale and network, as well as technological and operational capabilities, including the experience from General Atlantic’s Vice Chairman of EMEA, Vittorio Colao, who previously served as Minister of Technological Innovation and Digital Transition for the Italian government and as CEO of Vodafone Group. Mr. Colao joins Wireless Logic’s Board alongside existing Chairman, Sir Michael Rake, who previously served as Chairman of BT Group and President of the Confederation of British Industry.

Wireless Logic, Montagu and General Atlantic share a collective ambition to reinforce Wireless Logic’s market leadership and mission to simplify and automate IoT connectivity and management for customers globally

Oliver Tucker, Wireless Logic Co-Founder and CEO

Wireless Logic Co-Founder and CEO Oliver Tucker said: “Wireless Logic, Montagu and General Atlantic share a collective ambition to reinforce Wireless Logic’s market leadership and mission to simplify and automate IoT connectivity and management for customers globally, as well as create value for investors and establish a great place to work. I look forward to the next phase of our growth journey.”

This reinvestment demonstrates our continued confidence in Wireless Logic’s exceptional growth trajectory, and we are thrilled to have General Atlantic partnering alongside us.

Ed Shuckburgh, Managing Partner – CEO at Montagu

Ed Shuckburgh, Managing Partner – CEO at Montagu said: “We are excited to continue backing Wireless Logic through the next stage of growth having first invested in the business in 2018. This reinvestment demonstrates our continued confidence in Wireless Logic’s exceptional growth trajectory, and we are thrilled to have General Atlantic partnering alongside us. We are enthusiastic about the opportunity for Wireless Logic as it continues to cement its position as the Internet of Things solutions provider of choice for customers globally.”

Gabriel Caillaux, Co-President, Global Head of Climate, and Head of General Atlantic’s EMEA business, said: “We are pleased to support the next stage of Wireless Logic’s journey in partnership with Montagu. Wireless Logic has positioned itself as a leader in the rapidly expanding IoT market, and in turn as a key enabler of the energy and climate transition, providing data transparency, operational efficiency, and cost reductions across industries to accelerate energy efficiency for the future. We believe there is a strong opportunity for the Company to achieve further growth, through transformational M&A, which it has already proved itself adept at, and continued geographic expansion across Europe, North America, LATAM, and APAC.

From its founding in 2000, Wireless Logic has demonstrated strong resilience, by building a highly diversified customer base and generating uninterrupted growth since inception

Gabriel Caillaux, Co-President, Global Head of Climate, and Head of General Atlantic’s EMEA business

“From its founding in 2000, Wireless Logic has demonstrated strong resilience, by building a highly diversified customer base and generating uninterrupted growth since inception. We look forward to partnering with Montagu and Wireless Logic’s high quality management team as the Company embarks on its next stage of growth.”

Montagu was advised by Rothschild & Co as financial advisor and Freshfields as legal advisor.

General Atlantic was advised by William Blair as financial advisor, Weil Gotshal & Manges LLP as legal advisor and Analysys Mason as technology advisor.

Media enquiries – Montagu

Greenbrook: James Madsen

+44 20 7952 2000 | montagu@greenbrookadvisory.com

Media enquiries – General Atlantic

Jess Gill

+44 20 7484 3200 | media@generalatlantic.com

About Montagu

Montagu is a leading mid-market private equity firm, committed to finding and growing businesses that make the world work. Focussing on businesses with a must-have product or service in a structurally growing marketplace, Montagu brings proven growth capabilities to help companies achieve their ambitions and unlock their full potential. Montagu specialises in carve-out and other first time buyout investments and has deep expertise in five priority sectors: Healthcare, Financial Sector Services, Critical Data, Digital Infrastructure and Education. ESG forms an integral part of its strategy, and its commitment to responsible investment is fully integrated into its investment and value-creation process. Montagu partners with companies with enterprise values between €200 million and €1 billion and has €14 billion of assets under management.

For additional information on Montagu, visit www.montagu.com

About Wireless Logic

Wireless Logic is a leading global IoT solutions provider that simplifies and automates IoT connectivity and management for any device, anywhere. With more than 18 million IoT devices connected across 165 countries to over 750 global networks, Wireless Logic provides global coverage and ultra-local services that help to fast-track the success of customer projects.

With its purpose-built platform and dedicated IoT network, Wireless Logic enables customers to securely connect and manage assets across any network and number of deployments. For customers, this simplifies supply chains, accelerates time to market, lowers the total cost of ownership and delivers connectivity solutions that just work.

Wireless Logic works in partnership with 25,000+ enterprises and businesses to ensure that IoT solutions are designed, tested, deployed and scaled to meet the needs of each specific use case. Ultimately, Wireless Logic delivers the most flexible, resilient and secure connectivity solutions in the market across sectors including agriculture, healthcare, industry 4.0, security, transport, energy, utilities and smart cities.

For additional information on Wireless Logic, visit www.wirelesslogic.com

About General Atlantic and BeyondNetZero

General Atlantic is a leading global investor with more than four decades of experience providing capital and strategic support for over 830 companies throughout its history. Established in 1980, General Atlantic continues to be the dedicated partner to visionary founders and investors seeking to build dynamic businesses and create long-term value. Guided by the conviction that entrepreneurs can be incredible agents of transformational change, the firm combines a collaborative global approach, sector-specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with and scale innovative businesses around the world. The firm leverages its patient capital, operational expertise, and global platform to support a diversified investment platform spanning Growth Equity, Credit, Climate, and Sustainable Infrastructure strategies. BeyondNetZero is the climate growth equity fund of General Atlantic that invests in growth companies delivering innovative climate solutions that have the potential to meet and exceed net-zero emissions targets, with a focus on decarbonization, energy efficiency, resource conservation and emissions management. General Atlantic manages approximately $108 billion in assets under management, inclusive of all strategies, as of March 31, 2025, with more than 900 professionals in 20 countries across five regions.

For more information on General Atlantic, please visit: www.generalatlantic.com.

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Coller Capital Launches Global Distribution Partnership with Deutsche Bank for CollerEquity, its Flagship Evergreen Secondaries Fund

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Coller Capital
  • Deutsche Bank Wealth Management and Coller enter distribution partnership to offer institutional-quality private equity secondaries to professional and qualified individual investors
  • This distribution partnership will provide Deutsche Bank wealth management clients access to CollerEquity, Coller Capital’s flagship evergreen private equity secondaries fund
  • CollerEquity provides Deutsche Bank’s wealth management clients access to Coller Capital’s 35 years of secondaries investment expertise and global platform

London & Zurich 15th May 2025 – Coller Capital, the world’s largest dedicated private market secondaries manager, has today launched a distribution partnership with Deutsche Bank. This partnership will see Coller Private Equity Secondaries Fund (CollerEquity or “The Fund”), offered to professional and qualified Deutsche Bank wealth management clients in Asia and selected countries in EMEA.  

CollerEquity, which launched in July 2024, has net assets exceeding $800 million of capital in secondary private equity transactions. The Fund provides both institutional and qualified non-institutional clients with access to Coller Capital’s 35 years of secondaries investment expertise and global platform through a Luxembourg domiciled ‘SICAV’ structure.  

The Fund’s portfolio consists of institutional quality private equity assets diversified by GP manager, and fund vintage as well as by geography and sector. Alongside diversification, the Fund seeks to deliver a combination of absolute and risk-adjusted returns and the opportunity for more liquidity than traditional private equity funds. The secondaries market is a critical provider of liquidity to the wider private capital ecosystem, with a record estimated volume of $160 billion in transactions completed during 2024. The Fund offers monthly subscriptions and quarterly redemptions. It can be accessed with a $50,000 minimum commitment. 

CollerEquity and its regional feeder funds are available to professional and qualified investors in a range of global jurisdictions, including across Europe, the Middle East, Canada, Asia, and Australia in compliance with local law. The Fund’s clients are supported by Coller’s Private Wealth Secondaries Solutions (PWSS) team, which now consists of 50 dedicated professionals supported by the wider Coller platform. 

Jake Elmhirst, Partner, Head of Private Wealth Secondaries Solutions and Deputy Head of Capital Formation at Coller Capital, said: “This global distribution partnership with Deutsche Bank will broaden access to CollerEquity through their extensive client network. We look forward to working in close collaboration with the bank’s expert advisers to help private wealth investors enhance their portfolios with the additional diversification, j-curve mitigation and attractive risk-return characteristics that private equity secondaries provide.”  

Marco Zamberletti, Global Head of Advisory Solutions at Deutsche Bank Private Bank, added: “We are delighted to bring our clients access to top-tier private market secondaries opportunities through our partnership with Coller, in line with our focus on driving strong client outcomes and offering enhanced opportunities to build high-quality and resilient portfolios. We consider private markets secondaries as an integral portfolio component for our qualified clients and we will continuously expand our offering.” 

Boris Maeder, Managing Director and Head of International Private Wealth Distribution, Coller Capital said: “Coller Capital has always been a pioneering investor. Within our wealth strategy that focus on innovation is no different. As investors increasingly seek strategies that are resilient to volatility and changing market conditions, we are seeing stronger than ever appetite for secondaries as a solution. Alongside our partners at Deutsche Bank, we’re honoured to be playing a leading role in making private markets more accessible for a widening universe of qualified investors.” 

Coller Capital has offices in London, New York, Hong Kong, Beijing, Seoul, Luxembourg, Zurich, Melbourne, Montreal and Singapore. The firm manages $40 billion in secondaries across private equity, private credit, and other private market vehicles and has 35 years of experience in the secondary private capital market. 

 

 

About Coller Secondaries Equity Fund – (‘CollerEquity’)

THIS IS A MARKETING COMMUNICATION IN RESPECT OF THE FUND.  PLEASE REFER TO THE PROSPECTUS, KEY INFORMATION DOCUMENT, GOVERNING AND OTHER RELEVANT DOCUMENTS FOR THE FUND BEFORE MAKING ANY INVESTMENT DECISION 

Potential investors should be aware that an investment in the Coller Secondaries Equity Fund – (‘CollerEquity’) (including any related overflow, co-investment, or other vehicles, the “Fund”) is speculative and involves a high degree of risk, and is suitable only for those investors who have the financial sophistication and expertise to evaluate the merits and risks of an investment in the Fund and for which such Fund does not represent a complete investment program. An investment should only be considered by persons who can afford a loss of their entire investment. The following is a summary of only certain considerations and is qualified in its entirety by the more detailed risks and conflicts in the CollerEquity prospectus. Investors are urged to consult with their own tax and legal advisors about the implications of investing in the Fund. Fees and expenses can be expected to reduce the overall return of the Fund.  

Investors should carefully consider the investment objectives, risks, charges and expenses of Coller Secondaries Equity Fund – (‘CollerEquity’). This and other important information about the Fund are contained in the prospectus. Please read the prospectus carefully before investing. The CollerEquity Prospectus can be found online.

General Risks. Coller Capital cannot ensure that it can choose, make and realize investments in any particular investment fund or portfolio of investment funds. There is no assurance CollerEquity will be able to generate returns for the investors or that returns will be commensurate with the risks of investing in the type of companies and investments in which CollerEquity may indirectly invest. An investment in CollerEquity should only be considered by persons who can afford a loss of their entire investment. There can be no assurance that CollerEquity’s investment objective will be achieved or that investors will receive a return on their capital. Any investment in CollerEquity entails risks, including but not limited to the risk of losing all or part of the amount invested. There can be no assurance that CollerEquity will be able to implement its investment strategy or achieve its investment objectives. 

Specific risks: Lack of Operating History. Diversification. Competition. Limited Current Return. Illiquidity; Transfer Restrictions. Leverage. Exchange Rate Fluctuations.  

Performance is generally subject to taxation which depends on the particular situation of each investor and which may change in the future. The operating or chosen currency of an investor may also impact upon returns that may be realised by that investor.  

Capital is at risk and investors may not receive back the amount they invest. The strategy of the Fund does not guarantee a profit or ensure protection against losses. There can be no assurance that the Fund will achieve its objectives or avoid significant losses. 

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IK Partners to acquire DATAPART

IK Partners

IK Partners (“IK”) is pleased to announce that the IK Small Cap IV (“IK SC IV”) Fund has signed an agreement to acquire DATAPART Factoring GmbH (“DATAPART” or “the Company”), a leading German provider of business process outsourcing (“BPO”) for driving schools, alongside the existing management team. IK is acquiring its stake from German Equity Partners V, a fund managed by independent investment company ECM Equity Capital Management GmbH (“ECM”). Financial terms of the transaction are not disclosed.

Founded in 1994 and headquartered in Ludwigsburg, Germany, DATAPART provides a tech-enabled BPO solution for driving schools, which covers billing, payment processing, administrative processes as well as liquidity management. The Company’s full-service outsourcing offering is seamlessly integrated with its clients’ operations through its own proprietary software system, which provides for comprehensive process automation. Its small and medium-sized enterprise customers benefit from significantly reduced administrative burdens, greater financial security and enhanced flexibility — enabling them to focus on their core business and development. DATAPART is the clear leader in its market, with a long-term track record of consistent growth.

In partnership with IK, DATAPART will further develop its platform by investing in its solutions and capabilities. It will leverage IK’s extensive BPO expertise and strong presence in the DACH region to strengthen its differentiated position in the German driving school market and expand its footprint.

David Wimpff and Max Thielemann, Co-CEOs of DATAPART, said: “We are thrilled to partner with IK as we strengthen our position in the driving school BPO market. This investment represents a significant milestone in DATAPART’s journey towards becoming a leading tech-enabled BPO specialist. With IK’s expertise and strong track record as a leading investor in the DACH region, we are confident in our ability to achieve accelerated growth while expanding our market share in Germany and beyond. We are particularly excited about exploring new verticals together, leveraging IK’s operational capabilities and extensive network.”

Nils Pohlmann, Partner at IK and Advisor to the IK SC IV Fund, added: “Mobility in our society starts at the level of driving schools. DATAPART is the clear market leader when it comes to BPO solutions, offering crucial support to driving schools and enhancing their operations.We have been impressed by DATAPART’s ability to provide tech-enabled outsourcing solutions and its consistent, long-term track record of high-quality service delivery. David and Max are a strong, entrepreneurial management team with deep industry knowledge and we are excited to be supporting the Company in its next chapter of growth.”

Axel Eichmeyer, Managing Partner at ECM, added: “It has been a great pleasure collaborating with David, Max and the entire DATAPART team, supporting DATAPART’s continued growth and development. We would like to thank the team for their trust and dedication and wish them continued success alongside their new partner, IK.”

For further questions, please contact:

IK Partners
Vidya Verlkumar
Phone: +44 7787 558 193
vidya.verlkumar@ikpartners.com

ECM Equity Capital Management
Phone: +49-69-97 102-0
info@ecm-pe.de

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Carlyle provides financing package to Fitness Park

Carlyle

Paris, France, 15 May 2025 – Global investment firm Carlyle (NASDAQ: CG) today announced that its Global Credit platform has acted as sole lender in providing a financing package of €280 million to Fitness Park, the largest “Full Service Best Price” operator and franchisor of fitness clubs in France. The investment will be used to accelerate Fitness Park’s long-term growth, through M&A in France and internationally, and invest in its customer proposition. Fitness Park will continue to be majority owned by the company’s founders, alongside minority shareholders Future French Champions and Momentum Invest.

Present in France for more than 40 years, Fitness Park has developed into a leading gym chain. Today, the group counts in France, Spain, Portugal and Morocco more than 350 clubs and 1.3 million members across both affiliate and franchised gyms. Fitness Park operates a proven “full service best price” model and has established a strong reputation through a customer offering underpinned by high-quality facilities and best-in-class fitness equipment, extended opening hours, and affordable and flexible membership options. The business is supported by strong market tailwinds, with increasing gym membership rates in France fueled by growing health consciousness and resilient demand for affordable and quality gyms.

Otto Alaoui, Managing Director in Carlyle Global Credit, said: “We are delighted to support Fitness Park in strengthening and expanding on its leading position in fitness club services across France. The transaction demonstrates our ability to provide flexible capital solutions to accelerate the growth trajectory of founder-owned businesses in Europe.”

Gaëtan Dubuisson, Group CEO of Fitness Park, said: “Fitness Park is grateful for the support of Carlyle, which enables the business to continue to pursue its growth ambitions through its high-quality customer offering, and via strategic acquisitions. We strongly believe Carlyle’s expertise and capital will help us further capitalize on the fragmented French fitness market as we look to expand on our strong positioning.”

Carlyle’s Global Credit platform manages $199 billion in assets under management, as of March 31, 2025. It regularly pursues investments in privately negotiated capital solutions partnering with high-quality sponsors and leading family or entrepreneur-owned companies. The Fitness Park transaction follows an active last few months for Carlyle’s European credit platform, recently announcing investments including Suntera GlobalArgonSanoptisYour.World and Bianalisi.

 

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across its business and conducts its operations through three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $453 billion of assets under management as of March 31, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,300 people in 29 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

About Fitness Park

Founded in 2009, Fitness Park is a next-generation fitness brand offering premium facilities at affordable prices. As the #1 fitness franchisor in Europe and recently named Brand of the Year 2025*, the company operates over 350 clubs in France and abroad, through both corporate-owned and franchised locations. With more than 350,000 m² of training space and over 1.3 million members, Fitness Park achieved a revenue of nearly €400 million in 2024. Learn more at: www.fitnesspark-group.com and follow Fitness Park on LinkedIn

* Independent study conducted by treetz/Cint at the end of 2024 with a representative sample of French consumers – poyfrance.com.

Media contacts:

Carlyle:

Charlie Bristow

Tel: +44 (0) 7384 513568

 

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Solestial Announces $17M Series A Funding Round to Scale Space Solar Manufacturing

Ae Industrial Partners

Series A funding led by AE Ventures; Margo de Naray joins Solestial as CEO

TEMPE, Ariz., Thursday May 15, 2025  Solestial, Inc. (“Solestial”), the solar energy company for space, today announced a significant milestone with the closing of its $17M Series A funding round led by AE Ventures. The round welcomed new investors Crosscut Ventures, Zeon Ventures, and Mitsubishi Electric Corporation’s ME Innovation Fund (general partner: Global Brain Corporation), with participation from existing investors Airbus Ventures, General Purpose Venture Capital, Industrious Ventures, Stellar Ventures, and Techstars.

The Series A funding enables Solestial to continue scaling its manufacturing capacity of silicon photovoltaics to 1 megawatt per year, a rate comparable to the estimated annual manufacturing capacity of all US and EU III-V space solar companies combined.

Alongside the raise, Solestial also announced the appointment of Margo de Naray as Chief Executive Officer. De Naray, formerly Senior VP & GM of Space Products and Services at Astra, brings 20 years of extensive commercial and operations management experience in growth and high-tech environments. Founding CEO, Stanislau Herasimenka, will assume the role of Chief Technology Officer to focus on advancing the company’s product roadmap and rapidly scaling operations technology.

“We are thrilled to welcome Margo to lead Solestial into its next chapter,” said Herasimenka. “This transition allows me to continue developing our cutting-edge technology, while Margo brings additional strategic leadership and operational experience to deliver at scale.”

De Naray joins Solestial amid strong momentum. “We’re seeing tremendous market demand, and we are focused on delivering high-quality products,” she said. “We’re hiring, scaling production, and qualifying our technology, which is already deployed on multiple missions in space.”

“Space solar is a critical bottleneck in a rapidly growing industry with an ever-expanding set of missions—from national security to lunar exploration,” said Beckett Jackson, Partner at AE Ventures. “Solestial is uniquely positioned to serve spacecraft manufacturers with mass production of a lightweight, radiation-hardened solution at lower cost and a fraction of the lead time of the current standard.”

The only space solar manufacturer with demonstrated ability to self-heal radiation damage, Solestial offers spacecraft manufacturers the ability to significantly reduce cost and weight without sacrificing energy needs or performance.

“Solestial continues to revolutionize low-cost, lightweight solar power for space. Stan’s continued focus on the technical breadth of Solestial products and Margo’s new addition as a leader of the team are the ingredients to unlock the next phases growth and success,” said Mat Costes, Partner at Airbus Ventures. “We are also thrilled to welcome new investors and see investors from the seed round returning, collectively signifying what we all know—the market applications for this technology are robust, fast accelerating, and Solestial is ready to meet market demand.”

“Our colleagues at Mitsubishi Electric Corporation have been working with Solestial for a number of years to evaluate the potential of Solestial’s technologies,” said Komi Matsubara, Executive Officer (Associate), Vice President, Business Innovation at Mitsubishi Electric Corporation. “We see tremendous potential in Solestial’s technology and are pleased to deepen the relationship and support their development.”

With strong customer demand, Solestial has prioritized scaling production. Since opening its Tempe, Arizona manufacturing facility in 2023, the company has added square footage each year, more than doubled its workforce, and delivered commercial products to dozens of companies.

About Solestial
Solestial exists to deliver abundant energy in space. The company’s breakthrough technology is a silicon solar cell engineered for space to self-cure radiation damage under sunlight at operating temperatures as low as 65°C. Solestial solar cells are packaged in an ultrathin, low-mass, flexible solar power module designed to withstand up to 10 years in a variety of destinations in space. The flexible solar power modules can be produced on automated machines resulting in costs lower than traditional III-V multijunction solar products.

From today’s satellite constellations and research projects to tomorrow’s lunar settlements and services in space, Solestial’s innovative technology represents a paradigm shift for space solar; an affordable, scalable solution to power sustained development. Solestial is a US company manufacturing solar cells and flexible solar power modules in Tempe, Arizona. To learn more, visit the Solestial website and follow Solestial on social media.

About AE Ventures
AE Ventures is the venture capital platform of AE Industrial Partners, a private investment firm with $6.4 billion of assets under management, focused on highly specialized markets including national security, aerospace and industrials. AE Ventures has completed over 50 investments in early-stage companies that benefit from the deep industry knowledge, operating experience, and network of relationships across the sectors where the firm invests.

About Airbus Ventures
Airbus Ventures operates in service of deeptech entrepreneurs who are inspired to design, build, and service complex engineering products capable of unlocking entirely new economies.

About Mitsubishi Electric Corporation
With more than 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. Mitsubishi Electric enriches society with technology in the spirit of its “Changes for the Better.” The company recorded a revenue of 5,257.9 billion yen (U.S. $34.8 billion*) in the fiscal year ended March 31, 2024. For more information, please visit www.MitsubishiElectric.com.

*U.S. dollar amounts are translated from yen at the rate of ¥151 = U.S. $1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2024.

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Hornetsecurity to join Proofpoint, creating a leading global cybersecurity platform

TA associates

Hanover, Germany – Leading global investment firms TA Associates (“TA”), PSG Equity (“PSG”) and Verdane, are pleased to announce that their portfolio company Hornetsecurity Group (“Hornetsecurity”) has today entered into a definitive agreement to be acquired by Proofpoint, Inc. (“Proofpoint”).

Hornetsecurity is a global provider of comprehensive AI-powered M365 security, data protection, compliance, and security awareness solutions. Driven by innovation and cybersecurity excellence, Hornetsecurity is helping to build a safer digital future and sustainable security cultures with its award-winning product portfolio. The Company operates in more than 120 countries and serves more than 125,000 customers through its international distribution network of over 12,000 channel partners and Managed Service Providers (“MSPs”).

The acquisition will significantly enhance Proofpoint’s ability to provide human-centric security to small and mid-sized businesses (“SMBs”) globally through MSPs, further enabling all organisations to protect their people and defend their data. By combining Proofpoint’s global leadership with Hornetsecurity’s deep expertise in the MSP ecosystem, the two companies will together advance their shared mission to help protect organisations of all sizes and the people behind them.

“Hornetsecurity’s AI-powered security platform enables thousands of MSPs to deliver enterprise-grade protection to their SMB customers across Europe,” said Daniel Hofmann, founder and CEO of Hornetsecurity. “With the breadth of human-centric risks only growing, joining Proofpoint is a natural next step in our journey to build the strongest global offering of M365 security services. By coming together, we can better serve our partners and customers and extend that protection globally to help MSPs safeguard their customers’ people, data, and operations.”

Hornetsecurity will bring a high-performing business into the Proofpoint portfolio with over $160 million in annual recurring revenue (“ARR”), more than 20 percent year-over-year growth, and performance above the Rule of 60.

Verdane invested in Hornetsecurity in 2016 with PSG investing in 2020 and TA becoming a shareholder in 2022. Since 2016, the company has completed nine acquisitions to expand its cloud cyber security offering, adding cloud back-up solutions and security awareness training, among others.

“Over the past three years, it has been a privilege to collaborate with Hornetsecurity’s talented and impressive team, working closely with PSG and Verdane to build on the company’s leading position. We’re proud of what we’ve accomplished together, and believe Hornetsecurity is well-equipped to further extend its reach and impact as part of Proofpoint,” said Morgan Seigler, Managing Director at TA, and Stefan Dandl, Director at TA.

“We are proud to have supported Daniel Hofmann and the entire Hornetsecurity management team since our initial investment in 2020, scaling the business more than tenfold through a critical phase of growth alongside TA and Verdane. Hornetsecurity is exactly the kind of business that PSG likes to partner with and reflects our strong conviction in cybersecurity, the robust potential of the industry and structural tailwinds driving demand for next-generation cyber security solutions. It has been a privilege to support the Hornetsecurity team on its journey to becoming a European leader and now global cybersecurity champion. We are confident the company is exceptionally well-positioned for its next chapter of growth” said Dany Rammal, Managing Director and Head of PSG in Europe, and Christian Stein, Managing Director.

“Our journey with the Hornetsecurity team began in 2016 with the ambition to create a leader in what is today an AI-powered M365 security platform. It has been a great privilege to work with and support Daniel Hofmann and the Hornetsecurity team over the years through multiple acquisitions and reinvestments from Verdane. We are very pleased with this outcome welcoming Proofpoint as new owners”, said Emanuel Johnsson, Partner at Verdane.

The acquisition is expected to close in the second half of 2025, subject to customary closing conditions.

Arma Partners acted as exclusive financial advisor to Hornetsecurity, TA, PSG and Verdane. Latham & Watkins acted as legal counsel to Hornetsecurity and Hengeler Mueller acted as legal counsel to the management of Hornetsecurity.

About Hornetsecurity Group
Hornetsecurity is a leading global provider of next-generation cloud-based security, compliance, backup, and security awareness solutions that help companies and organisations of all sizes around the world. Its flagship product, 365 Total Protection, is one of the most comprehensive cloud security solutions for Microsoft 365 on the market. Driven by innovation and cybersecurity excellence, Hornetsecurity is building a safer digital future and sustainable security cultures with its award-winning portfolio. Hornetsecurity operates in more than 120 countries through its international distribution network of 12,000+ channel partners and MSPs. Its premium services are used by more than 125,000 customers. For more information, visit www.hornetsecurity.com.

About Proofpoint
Proofpoint, Inc. is a leading cybersecurity and compliance company that protects organisations’ greatest assets and biggest risks: their people. With an integrated suite of cloud-based solutions, Proofpoint helps companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber-attacks. Leading organisations of all sizes, including 85 percent of the Fortune 100, rely on Proofpoint for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web. More information is available at www.proofpoint.com.

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