Category Archives: News

EQT to acquire Exolaunch, a Germany-based satellite deployment technology and launch mission management firm powering global access to space

eqt

Exolaunch

  • Exolaunch is a global leader in mission management, satellite integration, and deployment technologies for the world’s foremost satellite operators
  • The company has deployed more than 790 satellites across 47 missions and has flown on every SpaceX Transporter and Bandwagon rideshare mission aboard Falcon 9
  • EQT will support Exolaunch’s next phase of growth through investments in international expansion, product innovation and new service offerings across the space value chain

EQT is pleased to announce that EQT X (“EQT”) has entered into a definitive agreement to acquire Exolaunch (or the “Company”), a global leader in mission management, satellite integration, and deployment technologies, from founder Dmitriy Sternharz.

Headquartered in Germany, Exolaunch enables access to space for global satellite operators. The Company offers industry-leading deployment hardware, facilitating the integration and aggregation of a wide range of satellites with different launch vehicles, deploying payloads into their target orbits. Expertise in related services – like launch program planning, end-to-end mission management, launch capacity procurement, satellite integration, testing, logistics and orbital deployment – enable Exolaunch to act as “one-stop-shop” for customers, supporting launches with different vehicles from launch sites globally.

Exolaunch has successfully deployed over 790 satellites across 47 missions for over 200 commercial and government customers from North America, Europe, Asia and the Middle East. The Company executes launch and deployment contracts with a wide range of traditional and new promising launch vehicles. In particular, Exolaunch has maintained a strategic relationship with SpaceX since 2020, having participated in every Falcon 9 Transporter and Bandwagon rideshare mission since the programs’ inception. In addition, Exolaunch recently started procuring its own dedicated launches, with the first secured Falcon 9 missions from SpaceX, Exo-1 and Exo-2, scheduled for 2027 and 2028. These types of missions will substantially increase the Company’s launch capacity and reinforce its position as a leading provider of satellite launch and deployment services in the rapidly expanding global space economy.

EQT will support Exolaunch in scaling its global operations and investing into the development of new satellite launch and deployment technologies. It will also help drive the expansion into additional services across the satellite mission lifecycle and resources to expand the dedicated and rideshare launch offerings – both with existing partners and newly emerging launch providers.

Nils Ketter, Partner and Head of Industrial Technology in the EQT Private Equity advisory team, said: “EQT is excited to partner with Exolaunch, which marks EQT Private Equity’s first investment in the space sector. Built by a visionary founder together with a world-class team, Exolaunch developed mission-critical deployment technologies and built a full end-to-end service offering around it. The Company thereby solves critical pain points for satellite customers and launch vehicle providers alike. Its deep technological expertise and proven track record makes Exolaunch one of the most trusted names in the launch ecosystem. We look forward to supporting Exolaunch’s management working with customers and partners to expand access to space. We see great potential for rapidly developing use cases, including for connectivity, Earth observation and orbital compute.”

Dmitriy Sternharz, Founder and President of Exolaunch, said: “The foundations of Exolaunch were laid during my time at the Aerospace Department of the Technical University of Berlin, inspired by the lectures and guidance of my role models Prof. Udo Renner and Prof. Klaus Brieß. What began as a passion for space has grown into a leading global provider of satellite launch and deployment services, helping customers around the world access orbit and deploy constellations with reliability and precision. I am extremely proud of the execution excellence consistently demonstrated by the Exolaunch team, as well as the reputation we have built together over the years. As the space economy enters a period of extraordinary growth, Exolaunch is strongly positioned to capitalize on the increasing demand for launch access, orbital infrastructure and space-enabled services. I warmly welcome EQT as the new owner of Exolaunch, as EQT’s global network, operational expertise and long-term ownership mindset make them ideally placed to lead the Company into its next phase of growth.”

Dr. Robert Sproles, Chief Executive Officer of Exolaunch, said: “At Exolaunch, we transform the complex task of launch campaigns into seamless and affordable experiences for our customers. We help to enable the visions of some of the world’s most ambitious companies, research institutions, governments and space agencies. With EQT’s backing, we’re moving from being the trusted name in deployment to building the backbone of the entire launch ecosystem – expanding our technology, our services and our global reach to become the definitive partner for access to space.”

The transaction is subject to customary conditions and approvals. It is expected to close during Q4 2026. With this transaction, EQT X is expected to be at 80 – 85 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication).

Goldman Sachs Bank Europe SE served as exclusive financial advisor and DLA Piper UK LLP as legal counsel to founder Dmitriy Sternharz.

Milbank LLP served as legal counsel to EQT.

 

Contact
EQT Press Office,
press@eqtpartners.com

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About EQT
EQT is a purpose-driven global investment organization with EUR 269 billion in total assets under management (EUR 142 billion in fee-generating assets under management) as of 31 March 2026, within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

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

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Ardian provides financing to support Tiger Infrastructure Partners’ investment in Orbis Protect

Ardian

Ardian, a global private investment firm, has committed to provide Private Credit financing, comprising a Unitranche and Committed Acquisition Facilities, to support Tiger Infrastructure Partners’ investment in Orbis Protect, a leading UK provider of technology enabled security solutions for critical assets and vacant property. The transaction builds on Ardian’s long standing relationship with Orbis Protect, which began in 2021. Since then, Ardian has supported the business through a period of growth and operational development and continues to partner with management as Orbis enters its next phase of expansion.

Orbis owns and operates a scaled portfolio of deployable security infrastructure, including approximately 2,500 mobile CCTV towers and more than 4,000 cameras and alarm systems, alongside perimeter fencing, barriers and other physical protection assets. These solutions are rapidly deployed to customer locations to deliver temporary and semi permanent site security under contracted arrangements across the UK.

“We are very pleased to be backing Tiger Infrastructure Partners, alongside a very strong Management team with whom we have worked for the last five years. The transaction highlights our ability to scale and support businesses through multiple growth cycles, and we look forward to being part of Orbis’ next chapter.” Stuart Hawkins, Head of Private Credit UK and Managing Director Private Credit, Ardian

« Nous nous réjouissons de poursuivre notre partenariat avec Ardian, dont la connaissance approfondie de notre activité et le soutien constant au cours de ces dernières années ont joué un rôle essentiel dans notre croissance, et continueront de le faire alors que nous entrons dans cette nouvelle phase. » Ben Howard, Chief Executive Officer, Orbis Protect

Ardian has an over 20-year track record in the Private Credit market, making it one of Europe’s longest-established players that has invested through multiple market cycles.  With offices in major financial hubs across Western Europe, the Private Credit team adopts a multi-local approach in partnering with private equity houses and management teams of high-quality companies who are targeting the next phase of business growth.  This investment in Orbis comes amidst a strong period of investment activity for Ardian’s Private Credit team.

ABOUT ARDIAN

In a world of constant evolution, Ardian stands out for its ability to anticipate, adapt, and turn challenges into opportunities. As a global, diversified private markets firm with 22 offices and more than 350 investment professionals worldwide, we provide investment and customized solutions that reflect new economic dynamics and help our clients remain resilient in a changing world.
We deliver multi-local expertise and long-term performance for our investors and partners as well as shared value for the broader society. Since Ardian’s inception in 1996, our pioneering approach to diversification and our ability to offer tailor-made solutions at scale have remained the heart of our strategy.
Through commitment, knowledge and technology, we bring lasting value to our companies and contribute positively to the whole industry.
Ardian currently manages or advises $200bn for more than 1,920 clients worldwide across Private Equity, Real Assets, and Credit.
Ardian. Mastering change for lasting value.

ardian.com

Media contacts

ARDIAN

HEADLAND

ardian@headlandconsultancy.com 

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Keyera Announces Acquisition of Remaining 50% Interest in KAPS

Stonepeak
  • On strategy transaction generates strong free cash flow1 and is accretive to distributable cash flow per share1
  • Accelerates fee-based adjusted EBITDA per share1 growth outlook
  • Enhances quality and durability of growing cash flow well into the next decade
  • Preserves strength and flexibility of balance sheet

CALGARY, AB, June 17, 2026 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera” or the “company”) today announced closing of the acquisition of the remaining 50% non-operating interest in the KAPS Pipeline from Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, for $1.215 billion, pursuant to the terms of a definitive agreement dated June 17, 2026. The transaction was closed concurrent with the announcement.

Keyera now owns and will continue to operate 100% of the KAPS Pipeline, a highly strategic natural gas liquids (“NGL”) pipeline system connecting growing condensate and NGL production from the Montney and Duvernay resource plays to high-value downstream markets. Since 2025, Keyera has added over 120,000 barrels per day of new commitments across KAPS Zones 1 to 4 from high quality counterparties supporting stable, long-term fee-based cash flow1 growth. KAPS Zone 4 construction continues to be on time and on budget with an expected mid-2027 in-service date.

“This transaction is directly aligned with our strategy to enhance and extend our integrated value chain and deliver competitive services that help our customers maximize value for their products,” said Dean Setoguchi, President and Chief Executive Officer of Keyera. “Full ownership of KAPS provides greater flexibility and efficiency for our customers while enhancing Keyera’s exposure to long-term growth and highly contracted cash flows.”

Transaction Highlights

  • Greater flexibility and efficiency for customers: Full ownership of KAPS allows customers to more efficiently connect growing Montney and Duvernay production to high-value downstream markets.
  • Accretive to distributable cash flow (“DCF”) per share: The acquisition is expected to be low-single digit accretive to distributable cash flow per share over the next several years. Following the completion and ramp-up of Zone 4 through 2030, KAPS is expected to generate significant free cash flow1, supported by contracted volume growth, minimal maintenance capital requirements and tax efficiencies achieved through the transaction. Including the remaining capital required to complete Zone 4, the transaction implies an acquisition multiple of approximately 11 times 2029 EBITDA1 based on currently contracted volumes, and does not reflect upside from future contracting opportunities.
  • Improved growth outlook: The transaction increases Keyera’s targeted fee-based adjusted EBITDA per share1 CAGR from 15% to 17% to 16% to 18% between 2025 and 2027. Keyera’s targeted 7% to 8% fee-based adjusted EBITDA per share1 CAGR from 2027 to 2029 remains unchanged and is supported by an even stronger foundation for growth.
  • Enhanced quality and durability of Keyera cash flows: KAPS is supported by long-term contracts and stable fee-based1 cash flows, further improving the quality, visibility, and durability of Keyera’s overall cash flow profile. Fee-based cash flows are underpinned by contracts with an average remaining term of approximately 12 years and 75% take-or-pay contributions.
  • Preserves Keyera’s financial strength: The financing plan is structured to preserve Keyera’s strong balance sheet and investment grade credit profile, with net debt to adjusted EBITDA1 expected to be within the company’s target range of 2.5x to 3.0x in 2028. Following closing, Keyera expects approximately $100 million of incremental 2026 growth capital, relative to its previously disclosed 2026 growth capital guidance of $550 million to $625 million, related to funding Keyera’s increased share of the remaining capital to complete Zone 4.

RBC Capital Markets acted as financial advisor to Keyera on the transaction. Norton Rose Fulbright Canada LLP and McCarthy Tétrault LLP are acting as legal advisor to Keyera.

Scotia Capital Inc. acted as financial advisor to Stonepeak on the transaction. Sidley Austin LLP, Stikeman Elliott LLP, and Goodmans LLP are acting as legal advisor to Stonepeak.

Acquisition Financing

The acquisition financing plan is designed to preserve balance sheet strength and financial flexibility.

As part of the financing plan, Keyera has entered into an agreement to issue $525 million of common equity through a bought deal offering, before the exercise of any over-allotment option, which is being announced separately (the “Equity Financing”).

The purchase price was funded through borrowings made under certain existing credit facilities of Keyera Partnership. All or a portion of the outstanding borrowings under such existing credit facility are expected to be repaid with proceeds of the Equity Financing and through a future debt financing.

Notes:

  1. Non-GAAP financial measure. Refer to the section of this news release titled “Non-GAAP and Other Financial Measures Advisory”.

About Keyera Corp.
Keyera Corp. (TSX: KEY) operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions. Its predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage, and marketing; iso-octane production and sales; and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $88 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 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.

Additional Information

For more information about Keyera Corp., please visit our website at www.keyera.com or contact:

Dan Cuthbertson, General Manager, Investor Relations
Tyler Monzingo, Senior Specialist, Investor Relations

Email: ir@keyera.com
Telephone: 1-403-205-7670
Toll free: 1-888-699-4853

For Stonepeak, please contact:

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

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Montagu to Acquire Majority Stake in BMC Helix in a Carve-out Transaction from KKR-owned BMC Software

KKR

LONDON and NEW YORK, June 17, 2026 — Montagu, a leading mid-market private equity firm, has agreed to acquire a majority stake in BMC Helix (“Helix” or “the Company”) in a carve-out transaction from BMC Software (“BMC”). Funds managed by KKR, a leading global investment firm, will maintain ownership of BMC, the automation company for the AI era, which will also retain a minority stake in Helix. KKR acquired BMC in 2018 through its twelfth Americas Private Equity fund.

Helix is a leading agentic AI ServiceOps platform powering mission-critical service and operations management solutions used by thousands of blue-chip organisations worldwide across financial services, healthcare, insurance, retail, and other sectors. With offices in Sunnyvale, CA, Helix operates in a large, structurally growing market driven by increasing enterprise digitisation, rising IT complexity, and growing operational resilience requirements.

Helix has made significant investments to unify service and operations (AIOps) with native agentic AI capabilities, delivering enterprise AI beyond surface-level automation. Building on its long heritage of innovation, Helix has been a first mover in applying agentic AI across service and operations workflows, positioning it at the forefront of AI-enabled enterprise operations and orchestration.

As enterprise software enters the AI era, BMC and KKR recognised that Helix’s next phase of growth would be best accelerated as a standalone company singularly focused on ServiceOps and agentic AI. Helix will continue its culture of customer centricity through ongoing product innovation and a sharpened strategic focus, benefiting from Montagu and KKR’s extensive experience investing in the technology space.

The transaction reflects Montagu’s deep expertise partnering with mission-critical software and technology businesses, alongside its strong track record supporting companies accelerate their growth as independent businesses. Montagu is a market leader in carve-out transactions, with nearly 40 successful carve-outs executed since 2002.

Christoph Leitner-Dietmaier, Partner at Montagu, said: “Helix is a highly strategic and deeply embedded platform supporting some of the world’s most complex enterprise IT environments. Helix combines deep domain knowledge, a culture of innovation, and trusted customer relationships with significant opportunities for further operational acceleration as an independent business. We look forward to partnering with Ali Siddiqui and the management team, as well as KKR, to support Helix in this next phase of growth.”

Ayman Sayed, President and CEO of BMC, said: “We believe this transaction positions both BMC and Helix to move faster and stay sharply focused on their respective core priorities. BMC, alongside KKR, will continue to support Helix’s journey by retaining a minority stake, and we are confident in what lies ahead.”

Ali Siddiqui, CEO of Helix, said: “This transaction marks a significant milestone for Helix. As we enter this next chapter, we share a strong conviction that agentic AI will transform the enterprise IT operating model. Trusted by thousands of customers as the system of record for IT operations, assets, and change, Helix is uniquely positioned to power enterprise-grade AI outcomes. With Montagu’s partnership, we will build on our market leadership, accelerate AI innovation, and continue delivering exceptional value to our customers.”

The completion of the transaction remains subject to receipt of regulatory approvals and satisfaction of customary closing conditions.

Perella Weinberg served as financial advisor to Montagu, and Kirkland & Ellis served as legal advisor. Jefferies LLC served as financial advisor to BMC and Helix, and Simpson Thacher & Bartlett LLP served as legal advisor.

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 has €15bn assets under management.

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

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.

About BMC Helix

BMC Helix helps the world’s most forward-thinking IT organizations reset the economics of IT — bringing IT services, AIOps, and agentic AI together so busywork disappears, incidents are prevented, and compliance just happens. With an industry-leading, open-first platform, BMC Helix’s dynamic fleet of AI agents augment work across enterprise IT service and operations management to accelerate outcomes for ServiceOps. Learn more at www.helixops.ai.

Helix and other Helix marks are exclusive properties of BMC Helix, Inc. and are registered or may be registered with the U.S. Patent and Trademark Office and in other countries.

BMC, BMC Software, the BMC logo, and other BMC marks are the exclusive properties of BMC Software, Inc. and are registered or may be registered with the U.S. Patent and Trademark Office and in other countries.

©Copyright 2026 BMC Helix, Inc.

About BMC

BMC is the automation company for the AI era. 80% of the Forbes Global 100 trust BMC to automate and orchestrate the systems on which their businesses depend. Across cloud, mainframe, and hybrid environments, BMC enables enterprises to operate with AI–driven speed, resilience, and governance at scale. When businesses run what cannot fail, they start with BMC first.

BMC, BMC Software, the BMC logo, and other BMC marks are the exclusive properties of BMC Software, Inc. and are registered or may be registered with the U.S. Patent and Trademark Office or in other countries.

©Copyright 2026 BMC Software, Inc.

https://www.bmc.com/

Media Contacts:

Montagu 
Greenbrook: James Madsen, Cecilie Oerting
+44 20 7952 2000 | montagu@greenbrookadvisory.com

KKR
media@kkr.com

Helix
madeline@helixops.ai 

BMC
sheila_watson@bmc.com

 

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KKR Commits $1.4 Billion to Aircraft Leasing with Altavair

KKR

New commitment expands long-standing strategic partnership and builds on the success of two prior aircraft leasing portfolios

NEW YORK & SEATTLE–(BUSINESS WIRE)– KKR, a leading global investment firm, and Altavair, a leader in commercial aviation leasing and financing, today announced that KKR is making a $1.4 billion equity commitment to continue expanding its global portfolio of leased commercial aircraft in partnership with Altavair. The latest commitment builds on two prior aircraft leasing portfolios created in partnership with Altavair. The investment will primarily come from KKR’s Infrastructure and Asset-Based Finance strategies.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260617498140/en/

“Nearly a decade of strategic partnership with Altavair has deepened our conviction in the attractiveness of aircraft leasing, which we believe is poised to grow even further as demand for air travel continues to rise and airlines seek more liquidity and fleet flexibility,” said Brandon Freiman, Partner and Head of North American Infrastructure at KKR.

KKR-managed funds have committed more than $8 billion to aircraft leasing and lending transactions since KKR formed a strategic partnership with Altavair in 2018. Over that time, KKR and Altavair have acquired 188 commercial aircraft and engine assets through a variety of transactions, including lessor trades, airline-direct new and used sale leasebacks, passenger-to-freight conversions, and structured transactions, and in the process have leased aircraft and engines to 67 leading airline and cargo operators around the world.

“We are pleased to deepen our long-standing relationship with Altavair and strengthen our commitment to the aviation sector through our Asset-Based Finance strategy,” said Daniel Pietrzak, Partner and Global Head of Private Credit at KKR. “The success of our strategic partnership is a testament to the power of combining our patient, long-term capital with Altavair’s deep industry expertise and differentiated sourcing capabilities.”

“Our strategic partnership with KKR has grown stronger over the past eight years, and this latest commitment reflects the trust we have built together,” said Steve Rimmer, CEO of Altavair. “KKR’s expertise, and long-term capital have helped build Altavair into the platform it is today. As airlines face significant fleet funding needs in the coming years, this expanded commitment positions us to be an even stronger partner and supporter across the aviation ecosystem.”

KKR has invested more than $12 billion of capital in the aviation sector since 2015. Investments include Altavair, AV AirFinance, Atlantic Aviation, KKR DVB Aviation Capital, K2 Aviation, and others.

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.

About Altavair
Altavair is an aviation asset manager focusing on the acquisition of new and used commercial aircraft for leasing to domestic and international passenger airlines and cargo operators. Since its inception in 2003, Altavair has completed over $14.5 billion in commercial aircraft lease transactions with over 80 airline customers in 50 countries representing over 300 individual Boeing and Airbus aircraft. Altavair maintains offices in Seattle, Dublin, London, and Singapore. For more information, please visit www.altavair.com.

Media Contacts:

KKR:
media@kkr.com

Altavair:
Nick Hazeldine
nick.hazeldine@altavair.com

Source: KKR

 

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Carlyle enters into exclusive discussions with THEON International for the sale of Carlyle’s stake in HGH Infrared

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Carlyle

London, U.K. – 17 June 2026 – Global investment firm Carlyle (NASDAQ: CG) and THEON International Plc (THEON.AS) today announced that they have entered into exclusive discussions regarding the sale of Carlyle’s shareholding in HGH Infrared Systems (“HGH”), a provider of electro-optical and infrared solutions for defense, security and industrial applications.

Founded in 1982 and headquartered in Igny, France, HGH develops electro-optical and infrared technologies combining proprietary sensing, software, artificial intelligence and testing capabilities. The company provides solutions for defense, security and industrial applications, and is particularly recognized for its capabilities in wide-area infrared surveillance across the defense sector, including air defense (GBAD), drone detection (C-UAS), naval protection, border security and critical infrastructure protection.

Carlyle acquired a majority stake in HGH in 2018 through Carlyle Europe Technology Partners (“CETP”) and has partnered closely with management to transform the company from an entrepreneur-led and product-focused electro-optical specialist into a differentiated defense technology platform and infrared solution provider with enhanced innovation and software capabilities. During its ownership, Carlyle supported HGH’s strategic repositioning towards high-growth defense applications while accelerating investment in proprietary infrared sensing technologies, advanced software and AI capabilities. Carlyle also supported the evolution of HGH into a more mature and scalable organization, strengthening the management team and enhancing the operational capabilities required to support growth. These initiatives enabled HGH to strengthen its position within global defense ecosystems and capitalize on the structural increase in global defense spending and evolving security requirements.

Vincent Leboucher, President of HGH, said: “Carlyle has been a trusted partner throughout a transformative period in HGH’s development. Their strategic perspective, active engagement, and long-term commitment have helped HGH accelerate its development, strengthen the organization and enter its next phase of growth. I would like to thank Cyril Bourdarot and the whole Carlyle team for their partnership and commitment. We are excited to begin the next chapter with THEON and continue building on our strong foundation.”

Cyril Bourdarot, a Partner at Carlyle Europe Technology Partners, said: “HGH’s evolution is a testament to the strength of its technology, the vision of its management team and the relevance of its positioning in a rapidly changing defense environment. Together with management, we supported the company’s strategic shift toward defense applications and invested over several years in AI-enabled software. This focus has enabled the business to offer next-generation capabilities and build a platform capable of addressing increasingly critical and complex defense needs. We look forward to seeing HGH continue its growth journey.”

About HGH

Founded in France in 1982, HGH has become a world leader in infrared technology, specializing in the design, manufacture, and marketing of advanced electro-optical systems and sensors for industrial, defense, and security applications. Driven by continuous innovation, HGH combines expertise in infrared technologies and proprietary artificial intelligence to deliver high-performance surveillance solutions.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $475 billion of assets under management as of March 31, 2026, Carlyle’s purpose is to connect people, ideas, and capital to fuel growth for companies and performance for investors. Carlyle employs more than 2,500 people in 28 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

Media Contacts:

Carlyle
Andrew Kenny
andrew.kenny@carlyle.com
+44 7385 662334

HGH

Coline Veyrinas
marketing@hgh-infrared.com

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CapMan Real Estate sells airside logistics and last mile asset at Turku Airport, Finland

Capman

CapMan Real Estate sells airside logistics and last mile asset at Turku Airport, Finland

CapMan Real Estate has sold the airside logistics and last mile asset located at Turku Airport, Finland, held by CapMan Nordic Real Estate III fund (CMNRE III). The buyer is a Swedish publicly listed company Logistea.

The property is unique due to its location at Turku Airport adjacent to the airport’s runway, serving both air and ground freight and forming a significant node in the Finnish and Nordic logistics network. The main tenants are FedEx and DHL Express.

During CapMan Real Estate’s ownership, significant gains on the operational side were achieved. Net operating income (NOI) of the asset increased by over 30% during the holding period. Sustainability investments included, for example, LED lighting upgrades, a social premises upgrade, electric car chargers, a docking traffic light system, and the installation of cooling to the office premises.

These measures improved the property’s operational performance, tenant experience, and long-term value.

“We are pleased to have completed our business plan for this strategically located logistics asset and to hand over the property to its new owner. Logistics assets serve strong structural demand trends such as e-commerce, and this transaction highlights our active asset management ability to enhance the operational performance of the properties. We would like to thank the property’s tenants for the excellent cooperation throughout our ownership,” says Aleksi Konsti, Head of Finland at CapMan Real Estate.

Following this transaction, the CMNRE III fund continues its value-increasing activities and focus on exits across all remaining portfolio assets.

For further information, please contact:

Aleksi Konsti, Head of Finland, CapMan Real Estate, +358 400 815 123

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.2 billion euros in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, real asset debt, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com.

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CVC Catalyst to acquire majority stake in WillowWood from Blue Sea Capital, the Arbogast family and Management

CVC Capital Partners

CVC Catalyst III (“CVC Catalyst”) has agreed to acquire a majority stake in WillowWood Holdings Inc. (“WillowWood” or the “Company”). CVC Catalyst will become the majority investor alongside Blue Sea Capital (“Blue Sea”), the Arbogast family and Management, who are reinvesting substantially alongside CVC. Mahesh Mansukhani and Daniel Rubin (co-CEOs of WillowWood) will continue to lead the business and Ryan Arbogast, a fourth-generation member of the founding Arbogast family, will continue to play a key role in supporting the mission of the Company. Financial terms of the transaction were not disclosed.

WillowWood is one of the leading manufacturers of prosthetic products, including prosthetic liners, feet, knees, and other technologies, across the US and key European markets. Founded in 1907 in Mt. Sterling, Ohio by William E. Arbogast, a bilateral amputee who lost both legs in a railroad accident, WillowWood has spent more than 115 years committed to leveling the playing field for people experiencing limb loss through innovation and the pursuit of the best possible clinical outcomes. The Company pioneered the gel liner, a critical interface between a patient’s residual limb and their prosthesis, and remains the go-to liner brand for patients and prosthetists, offering approximately 1,000 SKUs alongside custom liner capabilities that solve the most challenging cases. This has been complemented by a fast-growing feet, knees and custom-fabrication portfolio to give amputees the mobility they are seeking.

“Since partnering with the Arbogast family in 2018, Daniel and I have been proud to build WillowWood into a leader in prosthetic products. This next chapter with CVC is about accelerating what we have built – bringing new products to patients faster and expanding internationally. We are grateful to Blue Sea Capital for their support and excited for what lies ahead,” said Mahesh Mansukhani, Chief Executive Officer of WillowWood.

Mansukhani and Rubin joined forces with the Arbogast family in 2018 and brought complementary commercial and operational expertise that allowed the Company to transform into a platform with a complete prosthetics products portfolio, upgraded commercial leadership, a broad R&D ecosystem and in-house manufacturing in Mt. Sterling, Ohio and Mesa, Arizona. With 18 new product launches since 2021, WillowWood partners with leading national academic institutions to deliver the highest quality and outcomes to its patients, and its innovation is regularly awarded by industry prizes such as the distinguished Thranhardt award which will recognize WillowWood’s research into protecting limb health at the upcoming 2026 AOPA National Assembly.

“WillowWood is a business of rare quality, built over more than a century into the leader in its field. Mahesh, Daniel, and the team have created a differentiated platform with a clear runway ahead, and we are delighted to be partnering with them, the Arbogast family, and Blue Sea Capital to support its next phase,” said Cathrin Petty, Managing Partner and Global Head of Healthcare at CVC.

Quotes

WillowWood is a business of rare quality, built over more than a century into the leader in its field

Cathrin PettyManaging Partner and Global Head of Healthcare at CVC

CVC Catalyst plans to accelerate WillowWood’s next phase of growth. The partnership will invest in research and development and new product innovation, and will pursue an active M&A strategy to broaden the Company’s offering and geographic reach. A particular priority will be expanding WillowWood’s international presence, including building a direct commercial footprint in Europe. WillowWood will benefit from CVC Healthcare’s global scale, international network, and MedTech expertise.

“The opportunity ahead in Europe is substantial, and CVC’s geographic footprint and sector expertise are well suited to helping WillowWood build a direct presence and scale internationally. It is businesses at this type of inflection point that we are looking to support with CVC Catalyst, and we look forward to working with the team as they bring new products to more patients in these markets,” said Phil Robinson, Partner at CVC.

“We at Blue Sea are both proud and humbled to have supported Mahesh, Daniel, and the Arbogast family in accelerating WillowWood’s growth, and we are even more energized by the opportunity ahead,” said Erin Lansky, Principal at Blue Sea Capital and member of the Board of Directors of WillowWood.

CVC Catalyst is CVC’s dedicated mid-market private equity strategy, seeking leading businesses with strong market positions and compelling long-term fundamentals. CVC has a long and successful track record of investing in MedTech and healthcare businesses, with a proven playbook – demonstrated through investments including Rayner, Spectrum, and Therakos – encompassing R&D acceleration, commercial build-out, international expansion, and targeted M&A. WillowWood is a natural fit for the Catalyst mandate, combining over a century of prosthetics innovation with a strongly aligned management team and significant runway for growth.

Closing of the transaction is subject to approval by the relevant regulatory authorities and is expected in the third quarter of 2026.

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Carlyle Global Credit and Content Partners Announce Single-Asset Continuation Vehicle Providing New Capital for Film and TV Growth

Carlyle

NEW YORK – June 16 – Global investment firm Carlyle’s (NASDAQ: CG) Global Credit platform and Content Partners today announced the successful closing of a single-asset continuation vehicle for Content Partners LLC (the “Company”), the leading independent owner of major studio-distributed films, television programming, and related participations.

The transaction includes the option for existing investors, including Carlyle Credit Opportunities Fund II (“CCOF II”), and new third party investors, as well as Carlyle Credit Opportunities Fund III (“CCOF III”), to participate and provides additional capital to support Content Partners’ continued growth and acquisition strategy across the film and television ecosystem. Existing investors were provided with the option to realize liquidity or continue participating in the Company’s future growth.

Founded in 2006 by Steven Blume and Steven Kram, Content Partners is an investment firm and asset manager focused on providing liquidity solutions to owners of media assets across film, television, music, and other entertainment properties. Today, the Company manages a portfolio of over 800 motion pictures and more than 3,000 hours of television content and is the largest independent owner of major studio-distributed content. Since the 2022 investment by Carlyle’s Global Credit platform, Content Partners has significantly expanded its portfolio through strategic acquisitions and growth across its library of film and television assets.

“We are pleased to have supported Content Partners’ success and look forward to continuing our partnership as the Company enters its next phase of growth with this new capital,” said Benjamin Fund, Partner at Carlyle. “Content Partners has built a differentiated platform focused on high-quality film and television assets. The portfolio is characterized by what we believe are long-duration, largely uncorrelated cash flows that we think are well positioned to continue benefiting from sustained demand for premium library content. We look forward to partnering with the team to build on this success in the years to come.”

“Content Partners is excited about the successful closing of this continuation vehicle, which delivers meaningful new capital to fuel our ongoing acquisition momentum while providing existing investors with attractive liquidity options,” said Steven Kram, Co-Founder and CEO; Steven Blume, Co-Founder, CFO, and COO; and John Mass, President of Content Partners. “We appreciate the strong ongoing support from Carlyle and are confident this transaction will help us further strengthen our position as the leading independent owner of premium studio film and television assets. We’re eager to build on this momentum by continuing to pursue compelling film and television opportunities that will expand our market-leading library and deliver outstanding long-term value.”

Carlyle’s Credit Opportunities strategy within the firm’s Global Credit platform seeks to provide highly structured and privately negotiated solutions across the capital structure to family, founder, and management-owned businesses, sponsor-backed companies, and special situations, with a focus on long-term value creation. Carlyle’s Global Credit platform has $209 billion in assets under management as of March 31, 2026.

Moelis & Company LLC served as financial advisor to Carlyle. Debevoise & Plimpton LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to Carlyle. Latham & Watkins LLP served as legal counsel to Content Partners.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $475 billion of assets under management as of March 31, 2026, Carlyle’s purpose is to connect people, ideas, and capital to fuel growth for companies and performance for investors. Carlyle employs more than 2,500 people in 28 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

About Content Partners LLC

Content Partners is a Los Angeles-based investment company founded in 2006 by Steven Blume and Steven Kram, and is the worldwide leader in acquiring films, television programming, and related royalties. The company purchases such assets from investors, producers, writers, directors, actors, and musicians. Target acquisitions include film, television, and music assets that are generating cash flow and have long-term distribution deals with major studios, networks, publishers, and other distribution channels. Since its inception, Content Partners has acquired interests in over 800 studio-release films and more than 3,000 hours of television.

Media Contacts

Prosek for Carlyle

Bhoward@prosek.com

Content Partners

Michal Mitchell

ContentPartners@relativity.ventures

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Blackstone Launches SablePointe Credit Strategies to Expand Origination Capabilities Across Asset-Based Lending and Specialty Credit Markets

Blackstone

ALPHARETTA, Ga. – Blackstone Credit & Insurance (“BXCI”) today announced the launch of SablePointe Credit Strategies (“SablePointe”), a new platform supporting origination, underwriting, and portfolio management in asset-based lending. SablePointe has hired James Garlick, former co‑founder of Wingspire, as President to lead its buildout and strategic growth.

Headquartered in Alpharetta, Georgia, SablePointe will support BXCI as it sources, structures, and manages senior secured asset-based and first-out credit facilities for corporate borrowers, drawing on the longstanding sponsor and intermediary relationships of the BXCI and SablePointe teams. The platform complements BXCI’s scale, capital, and global reach with specialized industry knowledge and structuring expertise.

“This is an important new platform for origination and strengthens our ability to be a one-stop capital solutions provider for companies,” said Aneek Mamik, Head of Financial Services for Asset Based Finance for BXCI. “We look forward to working with James and his team to originate high-quality opportunities across the asset-based lending markets.”

“The combination of SablePointe’s expertise and BXCI’s scale and existing corporate lending platform will be powerful for both borrowers and our investors,” added Brad Marshall, Global Head of Private Credit Strategies for BXCI.

“It is a tremendous opportunity and a privilege to partner with Blackstone in launching SablePointe,” said James Garlick, President of SablePointe. “We are in the early innings of building a foundation that will support a strategy for BXCI that we expect to grow meaningfully over time, delivering thoughtful credit solutions, disciplined execution, and exceptional service to borrowers, sponsors, and investors.”
SablePointe will initially support BXCI’s asset-based and first-out direct lending credit strategies, with plans to extend its support across additional specialty asset classes over time.
Crown Partners served as exclusive financial advisor to Blackstone in connection with the launch of SablePointe Credit Strategies.
 
About SablePointe Credit Strategies
SablePointe Credit Strategies is a Blackstone portfolio company supporting Blackstone Credit & Insurance’s origination, underwriting, and portfolio management capabilities across asset-based lending, first-out credit products, and a growing range of specialty asset classes. Additional information is available at www.sablepointecredit.com.
 
About Blackstone Credit & Insurance
Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset-based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.

Contact
Thomas Clements
Thomas.clements@blackstone.com
(646) 482-6088

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