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Genesys Announces $1.5 Billion Investment by Salesforce and ServiceNow

Hellman & Friedman

Investment strengthens the company’s global partnerships with Salesforce and ServiceNow to accelerate the agentic AI customer experience orchestration opportunity

Genesys®, a global cloud leader in AI-Powered Experience Orchestration, today announced $1.5 billion in new investment commitments from Salesforce and ServiceNow, with each company agreeing to invest an equal amount.

This milestone reinforces the strength of Genesys as the strategic customer experience (CX) orchestration platform for all enterprises and deepens its global partnerships with both Salesforce and ServiceNow. Proceeds from the investment will be used to repurchase shares from the company’s existing equity holders. Hellman & Friedman and Permira remain the company’s majority equity owners.

The Genesys Cloud™ platform has continued to see accelerated growth as organizations look to transform their CX strategies with AI. The platform reached nearly $2.1 billion annual recurring revenue (ARR) during the first quarter of the company’s fiscal year 2026 (Feb. 1 – April 30, 2025), representing year-over-year growth over 35%, and average quarterly net revenue retention (NRR) exceeding 120% for the last four fiscal quarters.

“Genesys is delivering long-term value to enterprises through end-to-end customer experience orchestration that can drive loyalty, grow revenue and reduce operating costs,” said Tony Bates, chairman and CEO of Genesys. “We’re proud to have the support of industry leaders like Salesforce and ServiceNow, and we believe this reflects growing momentum around agentic AI and the importance of connected, autonomous customer experiences.”

“This investment deepens our partnership with Genesys to deliver AI-assisted and agentic AI-powered customer experiences across every channel, from voice to digital,” said David Schmaier, president and chief strategy officer, Salesforce. “As leaders in our respective markets, we’re excited to further integrate our products and help redefine what’s possible in this new AI era, supporting our joint customers as they transform their contact centers and customer experiences.”

“Our investment in Genesys accelerates our vision for the agentic enterprise, where the ServiceNow AI Platform intelligently orchestrates end-to-end customer experiences,” said Amit Zavery, president, chief product officer, and chief operating officer at ServiceNow. “Together, ServiceNow and Genesys are enabling businesses to deploy AI-based customer journeys that anticipate needs, personalize at scale and deliver measurable outcomes.”

Genesys Cloud, the AI-Powered Experience Orchestration platform, enables companies to increase customer loyalty and employee productivity, drive revenue growth and reduce operating costs. Offering essential agentic, conversational, generative and predictive AI capabilities, Genesys Cloud helps organizations differentiate with smarter, more autonomous CX strategies that deliver efficient, effective and emotionally intelligent experiences.

Both Salesforce and ServiceNow have global partnerships with Genesys that help organizations around the world orchestrate end-to-end customer journeys. This expanded investment builds on:

  • CX Cloud from Genesys and Salesforce: a unified AI-powered customer experience and relationship management solution that integrates Genesys Cloud and Salesforce Service Cloud. The solution helps customers spanning global enterprises to midsize businesses to unify their data, agents and communication channels for smarter end-to-end customer and employee experiences.
  • Unified Experience from Genesys and ServiceNow: an integrated solution that combines Genesys Cloud and the ServiceNow Customer Service Management (CSM) workflow. The turnkey, AI-powered solution unifies customer service teams through a single desktop, centralizes routing across departments and channels, and optimizes workforce engagement for more personalized customer experiences and simplified employee experiences.

The investment is expected to close by the end of the Genesys fiscal year 2026, subject to satisfaction of customary closing conditions. Genesys was advised by Goldman Sachs and J.P. Morgan Securities LLC as financial advisors and Skadden, Arps, Slate, Meagher & Flom LLP as legal counsel.

Forward-Looking Statements
Statements in this press release that are not historical or current facts are forward-looking statements that involve risks and uncertainties. Unless required by law, Genesys undertakes no obligation to update or revise any forward-looking statements to reflect circumstances or events after the date of this press release.

About Salesforce
Salesforce helps organizations of any size reimagine their business with AI. Agentforce – the first digital labor solution for enterprises – seamlessly integrates with Customer 360 applications, Data Cloud, and Einstein AI to create a limitless workforce, bringing humans and agents together to deliver customer success on a single, trusted platform. Visit www.salesforce.com for more information.

About ServiceNow
ServiceNow (NYSE: NOW) is putting AI to work for people. We move with the pace of innovation to help customers transform organizations across every industry while upholding a trustworthy, human centered approach to deploying our products and services at scale. Our AI platform for business transformation connects people, processes, data, and devices to increase productivity and maximize business outcomes. For more information, visit: www.servicenow.com.

About Genesys
Genesys empowers more than 8,000 organizations in over 100 countries to improve loyalty and business outcomes by creating the best experiences for their customers and employees. Through Genesys Cloud, the AI-Powered Experience Orchestration platform, Genesys delivers the future of CX to organizations of all sizes so they can provide empathetic, personalized experience at scale. As the trusted platform that is born in the cloud, Genesys Cloud helps organizations accelerate growth by enabling them to differentiate with the right customer experience at the right time, while driving stronger workforce engagement, efficiency and operational improvements. Visit www.genesys.com.

© 2025 Genesys. All rights reserved. Genesys, the Genesys logo and Genesys Cloud are trademarks, service marks and/or registered trademarks of Genesys. All other company names and logos may be registered trademarks or trademarks of their respective companies.

MEDIA CONTACTS:
Janelle Dickerson
Janelle.Dickerson@Genesys.com

[i] Genesys Cloud Annual Recurring Revenue (ARR) is defined as Genesys Cloud fiscal quarterly revenue, including both committed contractual amounts and usage-based revenues, multiplied by four.
[ii] Genesys Cloud Net Revenue Retention (NRR) is defined as the percentage of Genesys Cloud revenue retained in the applicable quarterly period for customers that generated revenue in the corresponding prior fiscal year period.

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NDT Global Announces Strategic Addition of Entegra®

Novacap

United, NDT Global and Entegra’s advanced inspection technology platforms to expand capabilities and market reach, solidifying our position as a global tech authority in pipeline in-line inspection

NDT Global, a leading provider of advanced diagnostic inspection and integrity solutions for the energy sector, is proud to announce the acquisition of Entegra, a premium technology company specializing in Ultra-High-Resolution Magnetic Flux Leakage (UHR MFL) in-line inspection services.

This strategic union brings together two market-leading technology providers significantly enhancing NDT Global’s service portfolio, strengthening its growing position in the gas pipeline market, and reinforcing its continued commitment to delivering the best data driven insights and high-performance integrity solutions. Together, NDT Global and Entegra are affirming their stance in redefining the future of pipeline integrity. By harnessing the power of technology, the complimentary services will act as an enabler for safer, more cost-effective pipeline operations, empowering customers with the insights needed to make smarter, faster decisions for their assets.

The combination of NDT ILI, Dynamic Risk, and now Entegra brings together highly complementary technology platforms in ultrasonic testing (UT), Acoustic Resonance (ART), UHR MFL, and data management solutions, creating a unique set of solutions for pipeline operators seeking best-in-class data-driven inspection, diagnostic, and integrity services across a diverse asset base.

“This is a pivotal moment for NDT Global,” said Martin Thériault, CEO and Chairman of NDT Global. “Entegra’s entrepreneurial spirit, technical leadership and excellence, and deep market knowledge make them an ideal fit for our joint vision going forward. The company will work on accelerating the development of next-generation inspection technologies and, in return, deliver an even greater value to customers through enhanced service offerings and global reach.”

Paul Cooper, President of NDT Global, highlights “The addition of Entegra’s market-leading capabilities to our portfolio allows us to offer a broader, more integrated suite of solutions to our clients. It also helps us to better serve the growing needs of the gas pipeline sector, where Entegra has built a strong reputation for innovation and reliability. All in all, the merged entities will accelerate our joint growth journey based on technology and innovation. It’s a bold step forward in our mission to deepen partnerships and lead the industry with innovation that protects what matters most.”

“I can’t thank Amberjack Capital enough for their direction and support the past 10 years, and I’m really excited about what we’re going to achieve in the next phase of our growth story as we bring together the two best brands in in-line-inspection” said Mark Olson, Chairman and CEO, Entegra. “Our purpose, our ‘Why’ if you will, is to make better every pipeline with which we interact, and this deal accelerates that quest by several years.”

The combined entity will benefit from expanded international reach and the ability to deliver joint UT and MFL scopes, axial and now circumferential, to valued clients. This move also supports NDT Global’s and Entegra’s long-term vision of becoming the most trusted partner in pipeline integrity management.

The transaction was made possible through the continued support of Novacap, the majority shareholder of NDT Global, alongside La Caisse (formerly CDPQ), and NDT Global as well as Entegra founders and executives. Before today’s announcement, Entegra was owned by Amberjack Capital Partners as well as a group of co-founders led by Mark Olson, who played a pivotal role in building the company’s reputation for innovation and excellence in the MFL space. As part of the transaction, the NDT Global and Entegra founders and key management will remain shareholders of the combined company.

“We are thrilled to unite two leading innovators in the ILI industry, combining world-class technology platforms and talented teams. This partnership enhances NDT’s ability to serve customers and uphold the integrity of critical infrastructure globally. We are proud to continue our partnership with Martin, Paul and the NDT team, and we warmly welcome Mark and the entire Entegra family as we work together to build a stronger, more impactful business together” added David Lewin, Lead Senior Partner Novacap.

“NDT Global has distinguished itself through its ability to innovate and develop state-of-the-art solutions, becoming a global reference in the integrity and inspection services industry,” adds Kim Thomassin, Executive Vice-President and Head of Québec at La Caisse. “With this investment, La Caisse is strengthening NDT Global’s ambitious growth strategy through both equity and debt financing — building on our recent support to unlock the company’s full potential.”

Jason Turowsky, Managing Partner of Amberjack Capital Partners, said “Amberjack is proud to have supported Entegra’s exceptional growth, driven by its talented team and commitment to innovation. We are confident the combination with NDT Global will propel further advancements in pipeline integrity solutions, benefiting clients globally. We congratulate Mark and the Entegra team and look forward to their continued success.”

McCarthy Tétrault LLP and Willkie Farr & Gallagher LLP acted as legal advisors to NDT Global, while Jefferies LLC acted as exclusive financial advisor to NDT Global.

Sidley Austin LLP acted as legal advisor to Entegra, while Baird acted as its exclusive financial advisor.

ABOUT NDT GLOBAL

NDT Global is the leading provider of in-line diagnostic solutions, integrity management and subsea robotics solutions, offering advanced data insights and services that ensure the safety and longevity of energy-sector infrastructure assets. Recognized as the forerunner in ultrasonic inspection innovations—including Pulse Echo, Pitch-and-Catch, Phased Array, and Acoustic Resonance (ART Scan) technologies — the company continues to push technological advancement and the introduction of revolutionary new inspection technologies, including gas pipelines, to ensure the safety of its customers’ critical assets. NDT Global employs approximately 880 people. Learn more at www.ndt-global.com.

ABOUT ENTEGRA

Recognized as the industry-leading, trusted supplier of in-line inspection services for corrosion, 3rd party damage, pipe grade classification, hard spot assessment, and for assessing the effectiveness of cathodic protection systems for oil and gas pipelines, Entegra provides the most thorough, clear, and nuanced knowledge about the condition of pipelines inspected. The Company offers ultra-high resolution axial MFL, circumferential MFL, Caliper, low-field, GPS mapping, and cathodic protection current mapping services for critical energy infrastructure. Learn more at www.entegrasolutions.com.

ABOUT NOVACAP

Novacap is a leading North American private equity investor and one of Canada’s most experienced private equity firms. Founded in 1981 to partner with visionary entrepreneurs, Novacap focuses on middle market and lower-middle market companies in four core sectors: Technologies, Digital Infrastructure, Industries and Financial Services. Novacap combines deep sector specific expertise and strategic and operational excellence to partner with entrepreneurs and management teams. Since its inception, the firm has made primary and add-on investments in more than 250 companies. With over C$11 billion in assets under management and a presence across offices in Montreal, Toronto, and New York, Novacap accelerates value creation through strategic growth initiatives and a strong focus on execution. For more information, please visit: https://novacapcorp.com.

ABOUT LA CAISSE

At La Caisse, formerly CDPQ, we have invested for 60 years with a dual mandate: generate optimal long-term returns for our 48 depositors, who represent over 6 million Quebecers, and contribute to Québec’s economic development.

As a global investment group, we are active in the major financial markets, private equity, infrastructure, real estate and private credit. As at December 31, 2024, La Caisse’s net assets totaled CAD 473 billion. For more information, visit lacaisse.com or consult our LinkedIn or Instagram pages.

La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries.

ABOUT AMBERJACK CAPITAL PARTNERS

Amberjack Capital is a private equity firm that invests in and partners with entrepreneurs and business owners to build market leaders serving the industrial, infrastructure and environmental services end markets. Often the first institutional investor in founder-led companies, Amberjack has a particular focus on supporting high performing companies undertaking strategic or transformative initiatives. Headquartered in Houston, TX, the firm has raised $2.1 billion of committed capital since its inception in 2006 and has invested in over 50 companies.

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FloVision grabs $8.7M to transform protein production with AI-powered waste reduction

SOSV

We’re thrilled to announce that FloVision, a startup revolutionizing food production with AI, raised a $8.7 million Series A led by Insight Partners with participation from SOSV’s Ireland Biomanufacturing Fund, Serra Ventures, and Rockstart.

FloVision builds AI-powered tools that combine computer vision hardware and software to help food processors measure yield, monitor quality, and improve labor performance in real time. Their compact sensors attach directly to conveyor belts and workstations, scanning every product that moves through the line. This gives processors unprecedented visibility to detect defects, misgrades, and foreign materials instantly.

Since launching in 2020, FloVision has already processed over 51 million pounds of food and deployed its system in major beef and poultry plants globally, starting with its first corporate customer in Ireland and now expanding across North America, Europe, and Australia. Customers report up to 1.5% more yield, 15x ROI, and significant gains in quality control and staff training, all by reducing waste and enabling faster, data-driven decisions on the production floor.

FloVision was founded by Rian McDonnell and Elise Weimholt, whose combined expertise drives the company’s innovation. McDonnell’s engineering background and upbringing in rural Ireland, where his family worked in beef processing, gave him firsthand insight into protein production challenges:

“I saw firsthand how yield loss and quality inconsistencies impact processors. These experiences shaped my belief that technology could revolutionize an industry that has been slow to innovate,” McDonnell told Tech Business News

With the Series A, FloVision will expand its team of software, hardware, and AI/ML engineers, AI data annotators, and sales representatives in the US and Europe, including Ireland.

At SOSV, we couldn’t be prouder to have supported FloVision from its early days. This funding milestone is not only a win for the team, but a clear signal of the role AI can play in making one of the world’s most essential industries – feeding the world – more efficient, sustainable, and resilient.

FloVision Solutions grabs $8.7M to transform protein production with AI-powered waste reduction

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Reality Defender democ­ra­tizes deepfake detection with public API launch

DCVC
The democ­ra­ti­za­tion of artificial intel­li­gence has been a double-edged sword. While generative AI tools have unleashed unprece­dented creative and produc­tivity possi­bil­i­ties, they’ve also armed bad actors with sophis­ti­cated deception capa­bil­i­ties that were once the exclusive domain of state-sponsored actors and well-funded criminal orga­ni­za­tions. Today, anyone with a smartphone can create convincing deepfakes that can bypass traditional security measures, manipulate financial markets, or destroy reputations in minutes.It’s against this backdrop that Reality Defender​’s latest announce­ment takes on profound signif­i­cance. The company, which has been quietly protecting Fortune 500 companies and government agencies from AI-powered deception, has launched a public developer API and SDK with a free tier offering 50 detections per month. This isn’t just another API launch — it’s a fundamental shift in how we approach digital security in the age of synthetic media. See Fast Company coverage of the news here.

What makes this partic­u­larly compelling is the timing. As deepfake technology becomes increas­ingly accessible and sophis­ti­cated, Reality Defender is essentially betting that the defense against digital deception needs to be just as ubiquitous as the tools that create it. By making enterprise-grade deepfake detection available to any developer with just two lines of code, they’re attempting to build what they call a ​“distributed defense network.”

I caught up with Ben Colman, co-founder and CEO of Reality Defender, to discuss what this API launch means for the broader fight against AI-powered deception and how democ­ra­tizing detection technology could reshape digital trust.

DCVC: What drove the decision to make your enterprise-grade detection technology publicly available?

Colman: We’ve been incredibly successful protecting large enterprises and government agencies, but every success story came with a nagging question: What about everyone else? The reality is that deepfakes don’t discrim­i­nate by company size or budget. A single sophis­ti­cated deepfake can devastate a startup just as easily as it can harm a Fortune 500 company.

We realized that protection can’t be reserved for those with enterprise budgets. When we see deepfakes being used to manipulate local elections, defraud small businesses, or spread disin­for­ma­tion on social platforms, it becomes clear that detection needs to be everywhere — embedded in every app, accessible to every developer, protecting every user.

The API launch represents our commitment to enabling trust in an AI-powered world. We’re not just offering a platform; we’re building the infra­struc­ture for a more trustworthy digital ecosystem.

DCVC: How significant is the threat that individual developers and smaller companies face from deepfakes?

Colman: The threat is already substantial and growing expo­nen­tially. What’s partic­u­larly concerning is that the barrier to entry for creating deepfakes continues to plummet while the sophis­ti­ca­tion increases. We’re seeing attacks that would have required significant technical expertise and resources just two years ago now being executed by individuals with minimal training.

For smaller companies, the impact can be existential. They don’t have the resources to recover from a sophis­ti­cated deepfake attack that damages their reputation or enables fraud. A startup building a trust-based platform, a content creator whose likeness is being used maliciously, or a financial services company dealing with synthetic identity fraud — these orga­ni­za­tions need the same level of protection as our enterprise clients.

The democ­ra­ti­za­tion of creation tools demands a democ­ra­ti­za­tion of detection capa­bil­i­ties. That’s why we made our API production-ready from day one with the same multi-model detection capa­bil­i­ties that protect our largest clients.

DCVC: What’s your vision for this ​“distributed defense network” you’re building?

Colman: Imagine a world where detecting deepfakes is as routine as filtering spam. Where every commu­ni­ca­tion platform, every content management system, every social app has deepfake detection built in by default. Every developer integrating our API becomes part of a global shield against AI deception.

This is about creating ubiquitous protection. Our API introduces context-aware detection that looks beyond just faces — our proprietary techniques analyze entire images holis­ti­cally, marrying multiple types of approaches to catch sophis­ti­cated deepfakes that other systems miss. This makes our detection useful not just for catching imper­son­ations, but many other types of deepfakes in the wild.

The network effect is crucial here. The more developers integrate detection capa­bil­i­ties, the more data points we have to improve our models, and the more resilient the entire ecosystem becomes against emerging threats.

DCVC: How do you see this impacting the broader AI safety landscape?

Colman: This API launch is a step toward making AI safety infra­struc­ture as fundamental as cyber­se­cu­rity infra­struc­ture. Just as we don’t question whether websites should have SSL certifi­cates or whether apps should have authen­ti­ca­tion, we shouldn’t question whether platforms should have deepfake detection.

We’re at an inflection point where the tools to impersonate are evolving daily. The tools to detect must be everywhere and then some. By making detection accessible to any developer, we’re not just protecting individual appli­ca­tions — we’re building the foundation for an AI ecosystem where trust can be verified, not just assumed.

The broader implication is that we’re moving from a world where deepfake detection is a luxury to one where it’s a necessity. Every developer building trust-critical appli­ca­tions — whether that’s a dating app, a financial platform, or a news aggregator — now has access to the same detection capa­bil­i­ties as the largest institutions.

DCVC: What’s next for Reality Defender and the API?

Colman: We’re expanding beyond audio and image detection to video and other modalities in the coming months. But more importantly, we’re focused on making integration even simpler and more powerful. We want to get to a point where adding deepfake detection to an application is as straight­for­ward as adding a payment processor.

We’re also working on industry-specific solutions that leverage the API foundation. Think specialized detection for financial services, media veri­fi­ca­tion for newsrooms, or identity veri­fi­ca­tion for hiring platforms. The API is the foundation, but the appli­ca­tions are limitless.

The ultimate goal is to make deepfake detection invisible to end users while being indis­pens­able to developers. We want to enable a world where digital inter­ac­tions can happen with confidence, where trust isn’t just assumed but verified in real-time.

This API launch is several giant steps forward toward making that reality. The tools to impersonate are evolving daily — now the tools to detect can be everywhere they’re needed.

Ali Tamaseb

Ali Tamaseb is a General Partner at DCVC.

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EQT completes sale of shares in Galderma Group AG

eqt
  • The sale resulted in aggregate gross proceeds of c. CHF 2.1 billion, of which EQT received c. CHF 555 million

Further to previous announcements, an affiliate of the funds known as EQT VIII (“EQT”) is pleased to announce the completion of the placement of 17 million shares in Galderma Group AG (SIX: GALD) (the “Company”) (the “Shares”) for aggregate gross proceeds of c. CHF 2.1 billion via an accelerated bookbuilding process (the “Placement”).

As part of the Placement, EQT received gross proceeds of c. CHF 555 million. The Placement was completed on 31 July 2025. BNP Paribas, Citigroup Global Markets, Goldman Sachs, Jefferies, Morgan Stanley and UBS acted as joint global coordinators and joint bookrunners for the Placement.

Contact
EQT Press Office, press@eqtpartners.com

 

Important notice

This press release does not constitute (i) an offer to sell or a solicitation of an offer to buy any securities of Galderma Group AG or any of its affiliates and it does not constitute a prospectus within the meaning of the Swiss Financial Services Act or (ii) an offer of securities for sale in the United States or elsewhere. Securities may not be offered or sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration. There will be no public offering of any of the securities mentioned in this press release in the United States.

 

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About EQT
EQT is a purpose-driven global investment organization with EUR 266 billion in total assets under management (EUR 141 billion in fee-generating assets under management) as of 31 March 2025, within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
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Energy Capital Partners (ECP) and KKR announce development of hyperscale data centre campus in Texas

Bridgepoint
  • First investment from $50 billion strategic partnership to deliver integrated digital and power infrastructure at scale
  • Campus co-located with Calpine’s natural gas power plant; representing first-of-its-kind dedicated power agreement with hyperscaler anchor
  • Expected to be operational by the Fourth Quarter of 2026

 

Energy Capital Partners (ECP), one of the largest private owners of power generation and renewables in the US, and KKR, a leading global investment firm, today jointly announced the development of a new 190 MW hyperscale data center campus in Bosque County, Texas – marking the inaugural investment through ECP and KKR’s $50 billion strategic partnership to support AI infrastructure growth in United States.

This project establishes a new model for delivering integrated, AI-ready infrastructure at scale by combining digital capacity and dedicated, around-the-clock power in one of the fastest-growing compute corridors in the nation. The Bosque campus serves as a blueprint for future deployments across the country, aimed at meeting the urgent needs of hyperscalers while supporting local utilities and grid stability as the power received from Calpine will be redirected to support system reliability and help meet local demand in times of grid scarcity.

The campus is being constructed through a joint venture with CyrusOne, a leading global data centre developer and operator, and ECP. The new multiphase data centre campus will encompass more than 700,000 square feet and deliver an initial IT capacity of 144 megawatts. Designed for rapid expansion, the site is expected to represent a total investment approaching $4 billion – positioning it among the most significant AI infrastructure builds in the Dallas–Fort Worth region. The campus will be located on land adjacent to Calpine Corp.’s (Calpine) Thad Hill Energy Center and benefits from reliable natural gas generation. Calpine has secured a long-term contract to supply dedicated power to the data centre campus.

“This first investment through our strategic partnership combines ECP’s power expertise to deliver reliable near-term power with KKR’s strong track record in investing in data center development,” said Tyler Reeder, President of ECP. “With ample capital, a broad existing asset base, and deep sector relationships, our strategic partnership is designed to source and deliver fully integrated, scaled power infrastructure and data center solutions for hyperscalers and other market participants to support their infrastructure needs.”

“The surge in AI demand isn’t just stretching infrastructure – it’s rewriting the blueprint for how it needs to be built,” said Waldemar Szlezak, Partner and Global Head of Digital Infrastructure at KKR. “Hyperscalers need more than capacity; they need certainty, integration, and speed. This project is a reflection of that new reality: bringing together scalable land, power, and compute under a single, coordinated strategy. It is the kind of solution we believe will define the future of infrastructure – and it’s just the beginning of what’s possible when you combine deep operational expertise with long-term industrial vision.”

With a commitment to sustainability, the new CyrusOne campus will feature climate-neutral initiatives, water conservation, biodiversity protection, and capabilities to respond during ERCOT grid emergencies. Construction of the project is underway, and the site is expected to be operational by the fourth quarter of 2026.

Bridgepoint Group is one of the world’s leading quoted private asset growth investors, specialising in private equity, infrastructure and private credit.

With over $86 billion of assets under management and a strong local presence in Europe, North America and Asia, we combine global scale with local market insight and sector expertise, consistently delivering strong returns through cycles.

Bridgepoint Advisers Limited, a subsidiary of Bridgepoint Group plc, is authorised and regulated by the Financial Conduct Authority.

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Servier and BC Partners enter exclusive negotiations for the sale of Biogaran

BC Partners Logo
  • BC Partners is excited to support Biogaran in building a French-headquartered, industry-leading supplier of high-quality generic medication.
  • Leveraging its deep pharmaceutical sector expertise, operational insight, and long-term capital, BC Partners aims to help accelerate growth while continuing to champion essential, affordable healthcare in France.
  • With nearly four decades of investment experience in France, BC Partners is a trusted partner to local entrepreneurs, founders, and management teams.

Servier, an international pharmaceutical company governed by a foundation, and BC Partners, a leading European investment firm, have today announced that they have entered into exclusive negotiations regarding BC Partners’ acquisition of Biogaran, one of France’s largest generic drug companies. The terms of the transaction were not disclosed.

Biogaran, a leader in the generic market in France and an active contributor to cost savings in the French healthcare system, was founded by Servier over 25 years ago. Over the years, the company has established itself as a key player in the pharmaceutical industry. Today, Biogaran offers treatments across the full spectrum of therapeutic areas — from everyday conditions to the most serious diseases — and supplies a wide range of medicines, including antibiotics, antidiabetics, and anticancer drugs.

In partnership with management, BC Partners will continue to build on the company’s position as a critical provider of generic pharmaceuticals to the French market, whilst helping to fuel further expansion in biosimilars and consumer healthcare products, which have been identified as major new cost-saving drivers for the French healthcare system.

BC Partners, founded in Europe, brings extensive experience in the French market, having invested more than €4 billion across France and the Benelux region since opening its Paris office in 1987. BC Partners combines this local presence with a strong track record of partnering with healthcare leaders and innovators, including investments in companies such as Pharmathen, Synthon, and France-based Havea, making it a natural partner of choice for Biogaran.

Cédric Dubourdieu, Partner and Head of France at BC Partners, added: “Biogaran is a recognised leader in the French healthcare sector, with a rich history and a compelling opportunity for continued growth. We look forward to helping drive the business forwards, in partnership with management, while respecting the vital role Biogaran plays within France’s healthcare landscape, and French society more broadly.”

Mark Hersee, Partner and Co-head of Healthcare at BC Partners, commented: “Biogaran is a pioneer in generic drugs, a market we know incredibly well, and one where we have developed tried-and-tested playbooks for growth over many years. Our experience in this space, from successful investments in generic pharmaceutical leaders such as Pharmathen and Synthon, means we are well positioned to help the company identify opportunities and boost its full potential.”

“We see this potential sale as a fantastic opportunity for Biogaran’s future. It is fully in line with Biogaran’s vision and strategy to consolidate our position as the leader in generic drugs in France, while expanding into new high-potential market segments. This would enable us to continue to fully embody our mission of contributing to the sustainability of the French healthcare system for the benefit of patients and healthcare professionals by ensuring better access to care. We look forward to working with BC Partners.” said Guillaume Recorbet, CEO of Biogaran.

“This project would be perfectly in line with the strategic orientations of Biogaran and Servier. On the one hand, this project would entail new ownership for Biogaran that would boost its development potential. BC Partners is a leading European investor and would be perfectly positioned to lead the next stage of development for Biogaran, in line with the interests of its stakeholders, which is a strategic condition for Servier. On the other hand, the proceeds from this transaction should enable Servier to accelerate its focus, particularly on innovative treatments in oncology and neurology, and to continue creating value in France, as we have been committed to doing for more than 70 years.” said Olivier Laureau, president of Servier.

Servier was advised by Lazard and Dentons for this project. BC Partners was advised by Rothschild & Cie, Kirkland & Ellis, Gide Loyrette Nouel and Eight Advisory.

The proposed transaction remains subject to the finalisation of definitive agreements, the appropriate employee representative processes, and the usual regulatory approvals.

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Tikehau Capital exits flagship private debt investment in Dedalus

Tikehau

One of the largest deals completed in Italy’s private credit market, reflecting a multi-year partnership that supported Dedalus’ growth and diversification

Tikehau Capital, the global alternative asset management group, today announced the conclusion of its long-term private debt investment in Dedalus, a leading European healthcare IT provider. The refinancing transaction brings to a close the successful financing partnership that began in 2016 and accompanied the company through a period of rapid growth and strategic expansion.

With a total financing package of €180 million deployed in subsequent tranches, the Dedalus transaction stands out as one of the largest private credit deals completed in the Italian market to support a sponsorled strategic acquisition.

During the investment period, Dedalus recorded a sixfold increase in revenue, growing from approximately €160 million in 2016 to nearly €1 billion expected in 2025. Tikehau Capital developed a longstanding and constructive relationship with both the management team and Ardian, building on prior collaborations across Italy and France.

Tikehau Capital first supported Ardian’s acquisition of Dedalus, alongside the company’s founder and CEO Giorgio Moretti, through its Direct Lending strategy. Over time, Tikehau Capital reinforced its commitment by supporting selected M&A that strengthened the company’s international presence, complementing the senior financing provided by a syndicate of banks.

In 2020, Tikehau Capital arranged and fully subscribed a HoldCo PIK facility to support the acquisition of AGFA’s healthcare IT division, a turning point in Dedalus’ evolution that doubled the company’s scale and its enabled entry into the DACH region. Further financing followed in 2021 to support Dedalus’ acquisition of the healthcare IT division of DXC, which is active across Northern Europe and the UK. These transactions further reinforced the company’s leadership in the European market and diversified its geographical footprint.

“Dedalus has been a flagship investment for our Direct Lending strategy in Italy,” said Martino Mauroner, Head of Private Debt Italy at Tikehau Capital. “What impressed us from the outset was the company’s leading position in the healthcare IT market, an industry shaped by structural megatrends such as population ageing, the growing need for investment in digital health infrastructure at the European level, and resilient, recurring revenues supported by strong client retention. This transaction highlights our ability to support long-term growth with flexible capital and reflects the way we work alongside sponsors and management teams to help build lasting value. The relationship developed with Dedalus and Ardian over the years is a clear example of this approach.”

Alberto Calcagno, CEO at Dedalus, commented: “The collaboration with Tikehau Capital has been a cornerstone of our growth and transformation journey. Their flexible support and shared vision enabled us to strengthen our leadership in Europe and significantly expand our international presence. This milestone not only marks the conclusion of a successful partnership, but also the beginning of a new chapter for Dedalus—one increasingly focused on innovation and the creation of sustainable value in digital healthcare.”

Nadine Zariffa, Director at Ardian said: “Tikehau Capital has been an important partner to us since 2016, and we have worked closely together around Tikehau Capital’s additional support provided to Dedalus to drive international expansion. This partnership has been centered on a shared vision, with the aim of delivering strategic flexibility and financial strength to Dedalus. This has enabled the business to solidify its European leadership and expand globally, reinforcing its position as a leader in digital healthcare. We thank Tikehau Capital for their collaboration and expertise.”

ABOUT TIKEHAU CAPITAL Tikehau Capital is a global alternative asset management Group with €50.6 billion of assets under management (at 31 March 2025). Tikehau Capital has developed a wide range of expertise across four asset classes (credit, real assets, private equity and capital markets strategies) as well as multi asset and special opportunities strategies. Tikehau Capital is a founder-led team with a differentiated business model, a strong balance sheet, proprietary global deal flow and a track record of backing high quality companies and executives. Deeply rooted in the real economy, Tikehau Capital provides bespoke and innovative alternative financing solutions to companies it invests in and seeks to create long-term value for its investors, while generating positive impacts on society. Leveraging its strong equity base (€3.2 billion of shareholders’ equity at 31 December 2024), the Group invests its own capital alongside its investor-clients within each of its strategies. Controlled by its managers alongside leading institutional partners, Tikehau Capital is guided by a strong entrepreneurial spirit and DNA, shared by its 750 employees (at 31 March 2025) across its 17 offices in Europe, the Middle East, Asia and North America. Tikehau Capital is listed in compartment A of the regulated Euronext Paris market (ISIN code: FR0013230612; Ticker: TKO.FP). For more information, please visit: www.tikehaucapital.com.

ABOUT DEDALUS Dedalus Group is the leading healthcare and diagnostic software provider in Europe, supporting globally the digital transformation of 7500 Healthcare Organisations and 5700 Labs and Diagnostic centres worldwide, processing its solutions for more than 540 million people worldwide. Dedalus offer supports the whole continuum of care, in every step and phase, offering open standards-based solutions serving each actor of the Healthcare Ecosystem to provide better care in a healthier planet. Life Flows through our software. For more information, visit www.dedalus.com 2 PRESS RELEASE  PARIS, MILAN 30 July 2025

PRESS CONTACTS:

Tikehau Capital: Valérie Sueur – +33 1 40 06 39 30 Community – tikehau@community.it Dedalus: Community – Titti Ioia, titti.ioia@community.it SHAREHOLDER AND INVESTOR CONTACTS: Louis Igonet – +33 1 40 06 11 11 Théodora Xu – +33 1 40 06 18 56 Julie Tomasi – +33 1 40 06 58 44 shareholders@tikehaucapital.com

 

 

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Trading Technologies and 7RIDGE choose Thoma Bravo to continue TT’s growth

Thomabravo

CHICAGO and SAN FRANCISCO—Trading Technologies International, Inc. (TT), a global capital markets technology platform services provider, today announced that Thoma Bravo, a leading software investment firm, and TT’s current owner, 7RIDGE, a specialized growth equity firm invested in transformative technologies for financial services, have agreed to partner for the next phase of TT’s growth. This follows a comprehensive review of suitable investors. 7RIDGE acquired TT in December 2021.

Terms of the transaction, expected to close in Q4 2025 after regulatory clearance, were not disclosed.

Justin Llewellyn-Jones, CEO of TT, said: “We’re thrilled to welcome Thoma Bravo to the TT team. The combination of TT’s business and technology experience, 7RIDGE’s deep sector knowledge, and Thoma Bravo’s strategic and operational expertise will truly make us an extraordinary force. With the backing of these two great partners, TT is in its strongest position to date to become the operating system for the capital markets.”

Carsten Kengeter, Founder of 7RIDGE, said: “Our confidence in TT’s role within financial markets infrastructure is as strong as ever. TT has come a long way in a very short period of time, and we look forward to guiding the company to the next level with Thoma Bravo. This process attracted deep and wide expert interest in TT. Thoma Bravo brings the fitting ingredients as TT’s and our strategic partner.”

A.J. Rohde, Senior Partner at Thoma Bravo, said: “TT has rapidly evolved into a modern, industry-leading platform with a loyal customer base, and we believe it is poised for meaningful and accelerated growth. There is a compelling market opportunity for TT to meet the growing demand for speed, reliability and next-generation innovation. TT will be better able to capitalize on this opportunity through the expertise, operational rigor and long-term investment that our partnership with 7RIDGE will bring.”

George Jaber, a Principal at Thoma Bravo, added: “Through our collaboration and deep software expertise, we can provide TT with the operational guidance and resources to accelerate innovation and strengthen its market leadership. Together, we will unlock new avenues for company growth while continuing to deliver exceptional value to customers.”

Houlihan Lokey is acting as lead financial advisor and Barclays is acting as financial advisor to TT, Proskauer is acting as TT’s legal advisor, and Oliver Wyman is acting as TT’s market and commercial advisor. Ardea Partners LP is acting as financial advisor and Goodwin Procter LLP is acting as legal advisor to Thoma Bravo.

About 7RIDGE

7RIDGE is a private markets asset manager invested in transformative technology for financial services to power the global economy. Visit: www.7ridge.com.

About Thoma Bravo

Thoma Bravo is one of the largest software-focused investors in the world, with approximately $184 billion in assets under management as of March 31, 2025. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo’s deep sector knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20+ years, the firm has acquired or invested in approximately 535 companies representing approximately $275 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, Dallas, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo’s website at thomabravo.com.

About Trading Technologies

Trading Technologies (www.tradingtechnologies.com) is a global capital markets platform services company providing market-leading technology for the end-to-end trading operations of Tier 1 banks, brokerages, money managers, hedge funds, proprietary traders, Commodity Trading Advisors (CTAs), commercial hedgers and risk managers. With its roots in listed derivatives, the Software-as-a-Service (SaaS) company delivers “multi-X” solutions, with “X” representing asset classes, functions, workflows and geographies. This multi-X approach features trade execution services across futures and options, fixed income, foreign exchange (FX) and cryptocurrencies augmented by solutions for data and analytics, including transaction cost analysis (TCA); quantitative trading; compliance and trade surveillance; clearing and post-trade allocation; and infrastructure services. The award-winning TT platform ecosystem also helps exchanges deliver innovative solutions to their market participants, and technology companies to distribute their complementary offerings to Trading Technologies’ clients.

Read the release on PR Newswire here.

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Stonepeak Closes Acquisition of Majority Interest in IOR

Stonepeak

 

NEW YORK & BRISBANE – July 30, 2025 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the closing of its previously announced acquisition of a 75% interest in IOR, a leading integrated commercial fuel and logistics provider in Australia.

Stonepeak’s investment furthers IOR’s ability to grow its business as a critical pillar of the essential fuel distribution value chain in Australia. With Stonepeak, IOR is well-positioned to continue its legacy of prioritizing its local, hands-on relationships with its customers and suppliers while providing them with innovative solutions that support the broader industry. IOR will also be able to provide customers with access to fuel in even more locations through its extensive network of commercial distribution channels and proprietary technology solutions.

King & Wood Mallesons served as legal counsel and Macquarie Capital served as financial advisor to Stonepeak. Gilbert & Tobin served as legal counsel and Miles Advisory Partners served as financial advisor to IOR.

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

About IOR
IOR is a leading commercial fuel distributor with operations across Australia and headquarters in Brisbane. IOR participates across the full fuel distribution value chain, operating: two fuel import terminals; a refinery for specialty products; a network of more than 110 unmanned refueling truck stops and more than 30 aviation refueling facilities; an extensive transport fleet with depots across Australia; and, two fuel infrastructure manufacturing and maintenance facilities. IOR has developed its own proprietary fuel management hardware and software called HyDip, which is designed to operate reliably in the most remote corners of the country. IOR’s long-term focus on innovation and technical development has underpinned its growth, and the establishment of a unique value proposition for its commercial customers. IOR maintains strong relationships with reputable international fuel suppliers via its supply function based in Singapore. For more information, please visit www.ior.com.au.

Contacts

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

IOR
Drew Hipwood
media@ior.com.au
+61 418 718 634

 

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