Category Archives: News

CapMan Infra invests in Hansabuss to support the development of public transportation in the Baltics

CapMan Nordic Infrastructure II fund has agreed to acquire Hansabuss, the largest private bus operator in public lines in the Baltics, from Hansa Group. The investment is aligned with CapMan Infra’s strategy to strengthen essential public transportation infrastructure across Northern Europe.

Founded in 1995, Hansabuss has developed into a leading Baltic transportation company with a strong position in public transportation, charter services and other regular transportation for public sector clients and corporations. The company operates across Estonia and Latvia and has a track record of profitable growth driven by successful tender performance and market consolidation. The company is well positioned to benefit from the long-term market liberalisation trend in the Baltic public transportation sector, including green transition requirements in tenders such as low-emission and electric fleets.

CapMan Infra’s investment will support Hansabuss in its next phase of growth. As the new owner, CapMan Infra will provide strong financial backing to drive low emission and electric fleet investments, operational development, further strengthening the company’s competitiveness and growth prospects.

“We are proud to invest in a company with a strong heritage and culture, as well as an important role in public transportation in Estonia and Latvia. Hansabuss is well positioned to continue developing its operations and strengthening its market position. We look forward to supporting the company together with its management and employees in the next phase of growth,” says Eero Hautaniemi, Partner at CapMan Infra.

The CapMan Infra team has significant experience in the public transportation sector through its investments in Finland’s largest bus transportation company Koiviston Auto and Norwegian ferry operator Norled. In both investments, fleet investments supporting the green transition, tendering capabilities, and operational development have been central to value creation.

“Having successfully built Hansabuss into the largest privately owned bus transport company in public lines in the Baltics over the last three decades, the time was right for Hansa Grupp to pursue this transaction and find a strong and experienced new owner for our bus transport activities as we focus on our other existing business activities in the Baltics and internationally,” says Neeme Tammis, Founder of Hansa Group.

“CapMan Infra as the new owner of Hansabuss will bring valuable international experience and industry expertise that will strengthen our current operations and future developments. We will be better positioned to serve our customers, pursue additional growth opportunities and strengthen our market position in the Baltics,” says Indrek Halliste, CEO at Hansabuss.

All current employees of Hansabuss will remain in their current positions following the acquisition. The transaction will have no impact on Hansabuss’ existing customers or services.

The transaction is subject to customary closing conditions and merger control clearance in Estonia.

For more information:

Eero Hautaniemi, Partner, CapMan Infra, +358 50 553 8281

Vinski Siponen, Investment Manager, CapMan Infra, +358 50 490 4632

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.

About Hansa Group

Hansa Group is one of Estonia’s leading privately owned investment holding companies, with business operations in passenger transportation, vehicle rental and full-service leasing, commercial vehicle sales and after-sales services, real estate development and financial investments. Through its subsidiaries and long-term investments, Hansa Group has built a diversified portfolio of businesses with leading positions in their respective markets. The group focuses on sustainable growth, operational excellence, and creating long-term value through active ownership and strategic development. Hansa Group has revenues of above EUR 120 million and employs approximately 1000 people. Hansa Group is headquartered in Tallinn, Estonia. www.hansagrupp.ee.

About Hansabuss

Hansabuss is the largest privately owned bus transportation company in public lines in the Baltics, providing public transportation, charter services, school transport, employee shuttle services, and international transport solutions across Estonia, Latvia, and the wider region. Founded in 1995 with a single bus, Hansabuss has grown into a major provider of safe, reliable and customer-focused transportation services. Hansabuss has revenues of approximately EUR 50 million, operates a fleet of over 500 buses and employs approximately 800 people. Hansabuss is recognized for its high service standards, operational excellence, and commitment to innovation and sustainable mobility solutions. Hansabuss is headquartered in Tallinn, Estonia. www.hansabuss.ee.  

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Warburg Pincus Announces Tender Offer for J.S.B. Co., Ltd.

Warburg Pincus logo

Positioning Japan’s Leading Student Housing Platform for Its Next Phase of Growth

Tokyo, June 12, 2026 – Warburg Pincus, the pioneer of global growth investing, today announced that it will launch a tender offer (the “Tender Offer”) to acquire all common shares and stock options of J.S.B. Co., Ltd. (“JSB” or the “Company”; Securities code: TSE 3480), a leading integrated student housing and services platform in Japan, at an offer price of JPY 9,000 per share and JPY 1,735,000 per stock option.

The Company’s Board of Directors has expressed its opinion in support for the series of transactions (the “Transaction”), including the Tender Offer, and recommended that shareholders and stock option holders tender their shares and their stock options. Warburg Pincus has also entered into tender agreements with the Company’s largest shareholders, the Oka Family (39.20%) and HIKARI TSUSHIN Group (19.27%), both of whom have agreed to tender their shares to the Tender Offer in support of the Transaction. Together, they represent more than 58% of the Company’s outstanding shares.

Following the Transaction, the Oka Family is expected to remain a long-term shareholder through a planned re-investment, reflecting a shared commitment to the Company’s long-term growth strategy.

JSB traces its origins to Kyoto Student Information Center Co., Ltd., founded in 1976, and was incorporated under its current name in Tokyo in July 1990. Today, JSB is Japan’s leading provider of student housing and related services with UniLife as its flagship brand. The Company manages approximately 100,000 student housing units across approximately 2,700 properties throughout Japan and maintains longstanding relationships with more than 1,200 universities and institutions nationwide.

JSB operates one of Japan’s most comprehensive living platforms for students, combining housing, operational management, dining, and student support services designed to help students transition successfully into university life. The Company plays an important role in supporting students, universities, local communities, and Japan’s broader education ecosystem.

Warburg Pincus intends to partner closely with the management team to accelerate JSB’s long-term growth strategy, including expanding the supply of high-quality student housing, strengthening university and community partnerships, enhancing student services and digital capabilities, pursuing strategic bolt-on acquisitions, and supporting future capital formation opportunities.

The partnership is intended to provide JSB with greater flexibility to pursue long-term investments and growth initiatives, while maintaining operational continuity and preserving the values and stakeholder relationships that have defined the Company since its founding.

Takashi Murata, Head of Japan and Co-Head of Asia Real Estate at Warburg Pincus, said:

“We are honored to partner with the management team and the Oka Family on JSB’s next phase of growth. Leveraging our extensive experience investing in Asia’s living and real estate sectors, our strong track record of partnering with management teams to scale market-leading platforms, and our global value creation capabilities, we are committed to supporting JSB’s continued growth, helping it better serve the evolving needs of the next generation of students across Japan and internationally.

We believe this partnership positions JSB to capture the significant long-term opportunities emerging from Japan’s evolving student housing market and further strengthen its position as the country’s leading integrated student living and services platform.”

Vishal Mahadevia, Head of Asia Private Equity at Warburg Pincus, said:

“JSB exemplifies the high-quality businesses we seek to back across Asia Pacific through our long-term partnership approach. This investment underscores both the strength of our Asia franchise and our deepening commitment to Japan, where we continue to see compelling private equity opportunities. We look forward to partnering with the management team to support JSB’s next chapter of growth.”

The transaction marks Warburg Pincus’ first take-private investment in Japan and follows the opening of its Tokyo office in 2025, underscoring the firm’s strong conviction in the market and its long-term commitment to expanding its investment footprint across both private equity and real estate in Japan. The investment further reinforces the firm’s long-standing belief in Asia’s living sector and builds on over two decades of experience backing leading living platforms across the region, including Tokyo Beta, Japan’s largest share-house platform; Good Host Spaces, India’s leading purpose-built student housing platform; Weave Living, a living sector specialist focused on the gateway cities in Asia Pacific.

The Tender Offer is expected to commence on June 15, 2026, and to continue until July 27, 2026.

This press release is intended to provide information relating to the Tender Offer to the public and has not been prepared for the purpose of soliciting an offer to sell, or making an offer to purchase, any securities, and may not be used or relied upon in connection with any offer or solicitation. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration thereunder or pursuant to an available exemption therefrom.

If shareholders wish to tender their securities, they should first read the Tender Offer Explanation Statement concerning the Tender Offer for information on the means by which they may tender their securities in the Tender Offer. This press release shall neither be, nor constitute a part of, an offer to sell or purchase, or solicitation to sell or purchase, any securities in any jurisdiction in which such an offer or solicitation to sell or purchase securities may not be permitted, and neither this press release (or any part of this press release) nor its distribution shall be interpreted to constitute the basis of any agreement in relation to the Tender Offer, and this press release may not be relied upon at the time of entering into any such agreement.

Unless otherwise specified, all the procedures in connection with the Tender Offer shall be conducted in the Japanese language. While a part or all of the documents in connection with the Tender Offer may be prepared in English, the Japanese documents shall prevail in case of any discrepancies between Japanese documents and corresponding English documents.

***

About Warburg Pincus

Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $100 billion in assets under management, and more than 215 companies in its active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,100 companies across its private equity, real estate, and capital solutions strategies.

The firm is headquartered in New York with more than 15 offices globally. For more information, please visit www.warburgpincus.com or follow us on LinkedIn.

Media Contacts

Warburg Pincus

Lisa Liang

Senior Vice President, Asia Head of Marketing and Communications, Warburg Pincus

lisa.liang@warburgpincus.com

Warburg Pincusによる株式会社ジェイ・エス・ビーの普通株式及び新株予約権に対する公開買付けに関するお知らせ

日本を代表する学生向け住宅プラットフォームを次なる成長フェーズへ

東京 — 2026年6月12日

グローバル・グロース投資のパイオニアであるWarburg Pincusは、本日、日本有数の学生向けマンション及び関連サービスの総合プラットフォームを運営する株式会社ジェイ・エス・ビー（証券コード：東証3480、以下「JSB」といいます。）の普通株式及び新株予約権の全てを取得するための公開買付け（以下「本公開買付け」といいます。）を開始すると発表しました。本公開買付けにおける公開買付価格は、普通株式1株当たり9,000円、新株予約権1個当たり1,735,000円です。

JSBの取締役会は、本公開買付けを含む一連の取引（以下「本取引」といいます。）に賛同の意見を表明するとともに、JSBの株主及び新株予約権者の皆様に対して本公開買付けへの応募を推奨することを決議しています。また、Warburg Pincusは、JSBの筆頭株主である岡家（所有割合：39.20%）及び光通信グループ（所有割合：19.27%）との間で応募契約を締結しており、両者は本取引に賛同し、保有株式を本公開買付けに応募することに合意しています（両者の所有割合の合計は58%超となります。）。

本取引後も、岡家は予定されている再出資を通じて、Warburg Pincusとともに長期的な株主として引き続き残る予定ですが、これは、JSBの長期的な成長戦略に対する、両者の共通のコミットメントを示すものです。

1976年創業の株式会社京都学生情報センターを前身として、1990年７月に東京都に株式会社ジェイ・エス・ビーの商号で設立されたJSBは、「UniLife」を基幹ブランドとし、日本において学生向けマンション及び関連サービスを提供するリーディング・カンパニーです。JSBは、全国に約2,700物件・約10万戸の学生向けマンションを管理し、全国の1,200以上の大学・教育機関との長期的な関係を構築しています。

JSBは、住宅、運営管理、食事提供、学生支援サービスを組み合わせることで、日本有数の包括的な学生向け生活プラットフォームを提供しており、学生生活の円滑な立ち上がりを支援しています。JSBは、学生、大学、地域社会、そして日本全体の教育エコシステムを支える上で重要な役割を担っています。

Warburg Pincusは、JSBの経営陣と緊密に連携し、高品質な学生向けマンションの供給拡大、大学及び地域社会との連携強化、学生向けサービス及びデジタル機能の強化、戦略的M&Aの推進、ならびに将来の成長資金の調達支援を含む、JSBの長期的な成長戦略を加速させる方針です。

本パートナーシップは、事業運営の継続性や、創業以来培ってきた価値観及びステークホルダーとの関係性を維持しつつ、JSBが長期的な投資及び成長施策をより柔軟に推進できるようにすることを目指すものです。

Warburg Pincusの日本代表兼アジア不動産部門共同責任者である村田貴士氏は、次のように述べています。

「当社は、経営陣及び岡家のパートナーとして、JSBの次なる成長フェーズをともに歩めることを大変光栄に思います。アジアの住宅・不動産分野における豊富な経験、経営陣とのパートナーシップを通じてマーケットをリードするプラットフォームを成長させてきた確かな実績、そしてグローバルでの価値創出力を活かし、当社はJSBの持続的な成長を支援し、日本国内及び海外における次世代の学生の多様化するニーズに一層応えられるよう尽力いたします。

本パートナーシップにより、JSBは進化を続ける日本の学生向けマンション市場における長期的な成長機会を捉え、日本を代表する学生向けマンション及び関連サービスの総合プラットフォームとしての地位をさらに強固なものにできると考えています。」

Warburg Pincusのアジア・プライベート・エクイティ部門責任者であるVishal Mahadevia氏は、次のように述べています。

「JSBは、アジア太平洋地域において、長期的なパートナーシップを通じて、当社が成長を支援したいと考える、まさに理想的な企業です。今回の投資は、当社のアジアにおける強固な事業基盤と、魅力的なプライベート・エクイティの投資機会が引き続き見込まれる日本市場へのコミットメントを一層強めていることを示しています。経営陣のパートナーとして、JSBの次なる成長ステージを支援できることを大変楽しみにしています。」

本取引は、Warburg Pincusが2025年の東京オフィス開設後に実施した、日本における初の非公開化案件です。本件はまた、同市場に対する当社の強い確信と、プライベート・エクイティ及び不動産分野の双方にわたって日本での投資基盤を拡大していくという長期的なコミットメントを示すものです。本投資はさらに、当社がアジアの住宅セクターに対して長年有してきた見方を一層裏付けるものであり、日本最大のシェアハウスプラットフォームであるTokyo Beta、インド有数の学生向け住宅プラットフォームであるGood Host Spaces、アジア太平洋の主要都市における住宅分野に特化したWeave Living等、同地域における主要な住宅プラットフォームへの投資で培ってきた20年以上にわたる経験の積み重ねの上に成り立っているものです。

本公開買付けは、2026年6月15日に開始し、2026年7月27日まで実施される予定です。

本プレスリリースは、本公開買付けに関する情報を一般に提供することを目的としており、いかなる有価証券の売却の申込み、又は購入の申込みの勧誘を構成するものではなく、いかなる申込み又は勧誘に関連して使用又は依拠することもできません。本プレスリリースに含まれる情報は、米国内において又は米国に向けて公表又は配布することを目的としたものではありません。本プレスリリースで言及されるいかなる有価証券も、1933年米国証券法（その後の改正を含みます。）に基づき登録されておらず、また登録される予定もありません。したがって、同法に基づく登録又は適用可能な免除規定に従わない限り、米国において当該有価証券の募集又は販売を行うことはできません。

株主の皆様が本公開買付けへの応募を希望する場合、本公開買付けに係る「公開買付説明書」をお読みください。本プレスリリースは、いかなる法域においても、有価証券の売買の申込み、又はその勧誘を構成するものではなく、またその一部を構成するものでもありません。また、本プレスリリース（またはその一部）及びその配布は、本公開買付けに関連するいかなる合意の基礎を構成するものと解釈されるべきではなく、本プレスリリースは、かかる合意を締結する際に依拠されるべきものではありません。

特段の定めがない限り、本公開買付けに関連するすべての手続は日本語で行われるものとします。本公開買付けに関連する書類の一部又は全部が英語で作成される場合がありますが、日本語の書類と内容に相違がある場合は、日本語の書類が優先するものとします。

***

Warburg Pincusについて

Warburg Pincus LLCは、グローバル・グロース投資のパイオニアです。1966年の設立以来、プライベート・パートナーシップとして活動してきた当社は、市場サイクルを問わず、投資家や経営陣の持続的な成功を支援するための柔軟性と豊富な経験を有しています。現在、当社の運用資産総額は1,000億ドル超に達し、様々な成長段階、業種、地域にわたる215社超の企業で構成される投資ポートフォリオを保有しています。Warburg Pincusは、プライベート・エクイティ、不動産、キャピタル・ソリューションズの各戦略を通じて、1,100社以上に投資を行ってきました。

当社は本社をニューヨークに置き、世界各国に15拠点以上のオフィスを構えています。より詳細な情報については、www.warburgpincus.comをご覧いただくか、LinkedInの当社公式ページをフォローいただくことでご確認いただけます。

Media Contacts

Warburg Pincus

Lisa Liang

Senior Vice President, Asia Head of Marketing and Communications, Warburg Pincus

lisa.liang@warburgpincus.com

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Crowe accelerates long-term growth trajectory with investment from KKR

KKR

Strategic partnership underscores Crowe’s longstanding leadership as a premier accounting and consulting firm

Facilitates investments in talent, technology, and expanded capabilities while preserving independence, commitment to quality and core values

CHICAGO and NEW YORK, BUSINESS WIRE, (June 11, 2026) – Crowe LLP (“Crowe”), a leading public accounting and consulting firm, and KKR, a leading global investment firm, today announced an agreement under which funds managed by KKR will make a significant equity investment in Crowe Advisory LLC, becoming its first institutional capital partner.

KKR’s investment underscores its strong conviction in Crowe’s differentiated platform, team and long-term growth potential. The investment will accelerate Crowe’s existing business strategy, which is driving momentum across each of its service lines and a continued reputation for quality. It will also facilitate continued investments in talent, technology, and innovation, further enhancing the firm’s capabilities and client service. Importantly, Crowe’s strategy will remain rooted in its longstanding culture, core values, and commitment to delivering the highest quality client outcomes.

Founded over 80 years ago, Crowe is one of the largest accounting and consulting firms in the United States, established as a trusted advisor with long-standing client relationships. The firm provides audit, tax, advisory and consulting services to public and privately held companies with deep industry expertise across financial services, manufacturing, healthcare and technology, among other sectors.

“At its core, this strategic partnership is about staying ahead of what our clients need and making sure we’re equipped to deliver,” said Crowe CEO Steven Strammello. “We have a strong strategy and real momentum, and this investment helps us take the next step. With KKR’s support, we will invest even more deeply in our people, our capabilities, and the quality we’re known for. We’ve built something special at Crowe over the past 80 years, and our culture and values will continue to define how we move forward.”

“Crowe’s distinct culture and outstanding talent have enabled it to build trusted client relationships and a reputation as an advisor of choice. We are excited to partner with the Crowe team to support its continued growth and investment in next-generation client capabilities, while staying true to its core values, independence, and client service,” said Chris Harrington, Partner at KKR.

KKR is making its investment in Crowe Advisory LLC through its North America Fund XIV.

In connection with the investment, Crowe will reorganize its structure prior to closing. Upon closing, the newly formed Crowe Advisory LLC will provide all tax, advisory, and other non-attest services to clients. Crowe LLP will remain a licensed CPA firm and continue to provide all attest services, including audits and reviews. This alternative practice structure will support Crowe’s continued growth while maintaining adherence to the regulatory framework required for attest services. Crowe Advisory LLC and Crowe LLP will continue serving clients worldwide as a leading member of the Crowe Global network.

The transaction is expected to close in the third calendar quarter of 2026, subject to customary closing conditions and required regulatory approvals.

Harris Williams is serving as financial adviser to Crowe. Hunton Andrews Kurth LLP is serving as legal adviser to Crowe with Mayer Brown serving as advisor to Crowe’s Board of Directors. William Blair & Company, LLC is serving as financial adviser and Kirkland & Ellis LLP is serving as legal adviser to KKR.

About Crowe

Crowe LLP is a public accounting and consulting firm that uses its deep industry expertise to provide audit, tax, advisory, and consulting services to public and private entities. Crowe is recognized by many organizations as one of the best places to work in the U.S. As an independent member of Crowe Global, one of the largest global accounting networks in the world, Crowe serves clients worldwide. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.

About KKR

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

Media Contacts

For Crowe:

Daniel Yunger / Mark Fallati

Kekst CNC

Kekst-Crowe@kekstcnc.com

For KKR:

media@kkr.com

 

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Stonepeak and Energy Equation Partners to Acquire Anwim

Stonepeak
Moya

Moya

 

NEW YORK – June 11, 2026 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, and Energy Equation Partners (“EEP”), an investment firm focused on backing middle market energy companies, today announced an agreement to acquire Anwim S.A. (“Anwim”), Poland’s largest independent fuel marketer and owner of the MOYA station network. The transaction marks a continuation of Stonepeak and EEP’s European fuel retail joint venture, following its acquisition of a majority interest in JET Tankstellen Deutschland GmbH (“JET”), a leading fuel retailer in Germany and Austria, in December 2025.

Anwim is a nationwide retail and wholesale distributor of fuels in Poland. It is the nation’s third-largest and fastest-growing fuel station chain, with over 540 MOYA stations and handling approximately 3 billion liters of volume annually. As one of the largest fuels distributors in Poland, Anwim has access to the country’s full fuel logistics infrastructure supply chain, supporting domestic sourcing and significant import capabilities for fuel, and allowing it to comprehensively address the needs of its broad customer base, which includes individual retail fuel customers, large multinational companies, and smaller commercial customers, such as filling station operators, transport companies, manufacturers, and processing plants.

“Poland continues to exhibit strong, long-term fuel demand, and Anwim is well positioned to meet it, with diversified offerings, an expansive footprint, and high-quality infrastructure,” said Anthony Borreca, Senior Managing Director and Co-Head of Energy at Stonepeak. “Leveraging Stonepeak and EEP’s combined expertise in energy infrastructure, the fuel station market, and e-mobility, as well as the ability to exchange operational best practices with JET, we believe Anwim will be even better situated to strengthen the MOYA brand and expand its leadership position in today’s dynamic market. We look forward to working closely with the EEP and Anwim teams towards those goals.”

“We see strong potential in Anwim and the opportunity to build a leading independent multi-energy platform across Europe,” added Sari Haidar, Investment Partner at Energy Equation Partners. “Given our presence in European markets and our expertise in energy infrastructure and mobility, we will be able to realize tangible synergies, both in terms of operational know-how, e-mobility development, and building modern services for retail customers. Together with the Stonepeak team, we are committed to supporting a seamless transition for Anwim’s future success.”

“The recent years have been a period of highly dynamic growth and business transformation for Anwim,” said Rafał Pietrasina, CEO of Anwim. “Today, we are a strong, modern organization operating in fuel import, wholesale, and retail, while expanding into new areas related to e-mobility and the energy transition. Securing strong partners in Stonepeak and EEP who thoroughly understand the specifics of our industry opens up the next stage of development and creates new perspectives for further strengthening MOYA’s market position.”

The transaction is expected to close in the second half of 2026, subject to customary closing conditions, including regulatory approvals. Akin Gump Strauss Hauer & Feld LLP and Rymarz Zdort Maruta served as legal counsel to Stonepeak and EEP. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as financing counsel to Stonepeak and EEP.

About Anwim S.A.
Anwim S.A. is the largest independent Polish company in the fuel sector, present on the market for over 30 years. It operates across the import, wholesale, and retail distribution of liquid fuels, handling approximately 3 billion liters of volume annually. Anwim is the owner and operator of MOYA, the third-largest and fastest growing fuel station network in Poland, comprising over 540 locations. The company has consistently executed its growth strategy by expanding the MOYA network footprint and broadened exposure into areas related to e-mobility and the energy transition.

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, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

About Energy Equation Partners
Energy Equation Partners is an energy specialist investment firm that seeks to invest in companies that are well established in the energy sector and have the potential to play a valuable role in the shift from “brown to green”. Over the past two decades, the principals of EEP have deployed over $10 billion of equity capital across the energy value chain globally and have significant experience in fuel retail.

Contacts

For Anwim S.A.:
Marcin Przybylski
media@anwim.pl
+48 791 477 244

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

For Energy Equation Partners:
Sari Haidar
sari@energyequationpartners.com
+44 75 5112 5113

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KKR Launches Helix Digital Infrastructure, a New Company to Finance and Deliver the Next Generation of AI Infrastructure

KKR

Helix launches with over $10 billion of committed capital to accelerate the deployment of data centers, power and connectivity required to meet growing demand for AI

Kuwait Investment Authority, NVIDIA and Vistra join KKR as founding investors; NVIDIA to serve as a cornerstone strategic partner, Vistra as the preferred power partner to Helix

Former Amazon Web Services CEO Adam Selipsky leads new company

NEW YORK–(BUSINESS WIRE)– KKR, together with the Kuwait Investment Authority (KIA), NVIDIA (NASDAQ: NVDA) and Vistra (NYSE: VST) today announced the launch of Helix Digital Infrastructure (“Helix”), a new company designed to deliver integrated infrastructure at the speed and scale required for hyperscalers to meet accelerating artificial intelligence (AI) demand. As building AI infrastructure becomes increasingly complex, Helix will serve as a single coordination point for hyperscalers’ data centers, power, connectivity and related needs.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260610500794/en/

Founded with anchor investments from investors including KKR, KIA, NVIDIA and Vistra, the Helix strategy has more than $10 billion in total long-duration capital commitments to date. NVIDIA will also serve as a strategic partner to support the deployment of NVIDIA DSX AI factory-aligned infrastructure with a view to maximizing tokens per watt, achieving lowest total cost of ownership and accelerating time to first token for investments pursued by Helix. Vistra, a leading integrated power generation and electricity company with operations across 18 states and Washington, D.C., will be the preferred power provider for Helix investments. Following the closing of the founding commitments, Helix is open to additional eligible institutional investors.

AI is driving the largest infrastructure buildout in modern history, requiring trillions of dollars in investment across data centers, power generation and transmission, connectivity and related infrastructure over the coming decade. The scale and complexity of financing and coordinating this buildout represents a key industry bottleneck, ultimately slowing hyperscalers from delivering the models, services and applications their customers demand. Delivering AI infrastructure requires credible, long-term financial underwriters capable of committing capital consistently. Hyperscalers are also seeking more integrated and repeatable infrastructure solutions that meaningfully reduce the complexity they face in building at unprecedented scale.

KKR launched Helix in response to these challenges. Helix will be positioned as a single, trusted strategic partner to hyperscalers, armed with a long-duration, multi-billion-dollar capital base, and with integrated development capabilities and coordinated execution across AI infrastructure. The company is led by Adam Selipsky, former CEO of Amazon Web Services, who brings first-hand experience scaling the world’s largest cloud business, and deep insight into hyperscaler infrastructure priorities. He is joined by a dedicated management team and Board. Waldemar Szlezak, KKR’s Global Head of Digital Infrastructure, will serve as Helix’s Chief Investment Officer. Helix will seek to invest in and manage assets critical to enabling AI, including hyperscale data center development and operations; baseload and flexible power generation; transmission and distribution infrastructure; and fiber and connectivity infrastructure, among other assets.

“Large users of digital infrastructure have an urgent need to reduce complexity and unlock new capacity. Helix combines significant long-term capital with the capabilities and expertise to deliver holistic AI infrastructure solutions with speed and scale,” said Adam Selipsky, Co-Founder and CEO of Helix Digital Infrastructure. “Helix is further strengthened by strategic partnerships with NVIDIA and Vistra across technology and power, which we believe will enable the company to deliver the infrastructure that will underpin hyperscalers’ AI strategies for years to come.”

“We view AI infrastructure as one of the defining long-term investment opportunities globally, and Helix is purpose-built to address it,” said Sheikh Saoud Salem Abdulaziz Al-Sabah, Managing Director of the Kuwait Investment Authority. “Helix reflects a differentiated model that combines proven leadership, integrated capabilities and long-term capital required to deliver the next generation of critical digital infrastructure at scale.”

“Useful AI has arrived, and demand for AI factories is extraordinary,” said Jensen Huang, founder and CEO of NVIDIA. “AI is driving the largest infrastructure buildout in modern history. With the NVIDIA DSX platform and the Helix strategic partnership, we are bringing together a proven AI factory blueprint, world-class infrastructure expertise from KKR, and long-term capital to help AI cloud providers build the next generation of intelligence infrastructure.”

“Power generation and grid interconnections are critical gating factors for AI infrastructure deployments,” said Jim Burke, president and CEO of Vistra. “Helix brings together data center development, infrastructure and power capabilities under a single umbrella, providing a one-stop shop for large load customers. By utilizing Vistra’s existing fleet to deliver near-term power, Helix will accelerate delivery of power solutions through the use of existing assets while also bringing additionality with Vistra’s best-in-class capabilities, including power generation development and power grid expertise. Vistra has a proven track record in executing more than 5,000 megawatts of power purchase agreements with hyperscalers and looks forward to leveraging our leading and diverse generation fleet and operational expertise as Helix’s preferred power partner to help deliver the reliable, affordable energy these customers require.”

“Like a DNA helix, Helix Digital Infrastructure is built on a double strand of complementary strengths—KKR’s institutional capital and infrastructure expertise intertwined with Helix’s hyperscaler leadership and execution engine. Together, with our strategic partners, we are positioned to meet the financial and operational demands of the AI era,” said Joe Bae and Scott Nuttall, Co-Chief Executive Officers, KKR.

Helix is supported by KKR’s leading global infrastructure platform, which includes over $100 billion in infrastructure assets under management and more than $70 billion invested across digital and power assets. KKR’s experience across data centers, renewable and conventional power generation and transmission, fiber and related sectors provides the foundation for Helix’s integrated model. KKR’s anchor investment in the Helix strategy is funded through its balance sheet and other managed vehicles.

About Helix Digital Infrastructure
Helix Digital Infrastructure is a dedicated company focused on investing in, delivering and managing the next generation of AI-enabling infrastructure. Founded with anchor investors including KKR, the Kuwait Investment Authority, NVIDIA and Vistra, the company has access to a long-duration, multi-billion-dollar pool of capital. Supported by KKR’s leading global infrastructure platform, Helix is designed to deliver integrated solutions across hyperscale data centers, power generation and transmission, fiber, connectivity and related infrastructure. Helix is led by Adam Selipsky, former CEO of Amazon Web Services, and a management team with extensive experience across cloud, digital infrastructure and energy systems. For more information about Helix, please visit www.helixdi.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 the Kuwait Investment Authority
The Kuwait Investment Authority (KIA) is the world’s oldest sovereign wealth fund, established in 1953. The KIA’s main functions include managing the State’s General Reserve and Future Generations Fund. Stemming from this rich history, the KIA continues to safeguard the financial wealth of Kuwait’s current and future generations by diversifying revenue streams and ensuring a fiscally sustainable and secure future.

About Vistra
Vistra (NYSE: VST) is a leading, Fortune 500 integrated retail electricity and power generation company based in Irving, Texas. The company serves 5 million retail customers and operates a growing portfolio of generation assets expected to reach a capacity of nearly 50,000 megawatts by year-end 2026. Vistra is a leader in transforming the energy landscape, with an unyielding focus on reliability, affordability, and sustainability. The company safely operates a reliable, efficient power generation fleet of natural gas, nuclear, coal, solar, and battery energy storage facilities while taking an innovative, customer-centric approach to its retail business. Learn more at https://www.vistracorp.com.

Notice to Readers
This press release contains forward-looking statements, which reflect our current views with respect to, among other things, the operations of Helix. Readers can identify these forward-looking statements by the use of words such as “outlook,” “believe,” “expect,” “potential,” “continue,” “may,” “should,” “seek,” “approximately,” “predict,” “intend,” “will,” “plan,” “estimate,” “anticipate” or the negative version of these words or other comparable words. Forward-looking statements are subject to various risks and uncertainties. These forward-looking statements are based on KKR’s beliefs, assumptions and expectations, but these beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or within its control.

Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

General discussions contained within this press release regarding investment demand or market trends represent the view of either the source cited or KKR. Historical or current market trends are not reliable indicators of actual future market behavior or future performance of any particular investment that may differ materially, and should not be relied upon as such. Nothing contained herein is intended to predict the performance of any investment.

KIA, NVIDIA and Vistra are investors in Helix and accordingly will participate in returns generated by Helix. These and other investors will serve as strategic partners and may have certain rights, such as priority or first look rights, to provide goods or services to Helix investments.

Media Contact
Liidia Liuksila
Media@KKR.com

Source: KKR & Co. Inc.

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EQT agrees to sale of shares in Beijer Ref to Melker Schörling AB

eqt

EQT Office Logo

Breeze TopCo S.à r.l, an affiliate of the EQT IX fund (“EQT”) has signed an agreement to sell its entire holding of non-listed A-shares in Beijer Ref to Melker Schörling AB (“Melker Schörling”) at an undisclosed premium.

As part of the transaction, Peter Jessen Jürgensen, via Labotek International A/S and KLS Jessen AB, agrees to sell his entire holding of A-shares to EQT, in exchange for 4,146,592 B-shares from EQT. The A-shares received by EQT from Peter Jessen Jürgensen will, upon completion of that transfer, be included in EQT’s sale of its entire holding of A-shares to Melker Schörling.

The closing of the transactions are subject to customary regulatory approvals. Following completion of the transactions, EQT will hold 30,742,835 B-shares in Beijer Ref.

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

About Beijer Ref 
Beijer Ref is a globally leading wholesaler and distributor of refrigeration, air conditioning and heating technology, servicing +200,000 customers through +500 branches across 45 countries.

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nesto raises $302 million Series E at $1.47 billion valuation to accelerate growth

LaCaisse
This new capital will accelerate the deployment of Nesto Cloud’s AI-powered lending platform across the mortgage financing and financial services sectors.

nesto, Canada’s leading mortgage technology and financing platform, today announced the successful closing of a CAD 302 million Series E financing round, comprising a combination of primary and secondary capital, at a CAD 1.47 billion valuation, marking a significant milestone in nesto’s continued growth and expansion.

The funding round brings together prominent new investors, including La Caisse (formerly CDPQ), Fidelity Investments Canada ULC [certain funds], PICTON Investments, and Endeavor Catalyst, alongside renewed participation from existing investors—Portage, Diagram, NAventures, National Bank of Canada’s corporate venture capital arm, Fonds de solidarité FTQ and Fondaction.

Since its inception, nesto has stood out through its unique positioning as a leading provider of mortgage technology and financing solutions. Recently, nesto launched Maestro AI, a unique AI-native orchestration platform designed to drastically simplify end to end mortgage operations and modernize financialworkflows.

By combining deep lending expertise with proprietary cloud technology through Nesto Cloud and advanced AI solutions, nesto is transforming Canada’s $2.1 trillion* mortgage industry and is redefining the mortgage experience for homeowners, lenders, and financial institutions alike. Building on this momentum, nesto is now expanding beyond mortgages to bring next-generation AI-powered solutions to the broader financial services industry.

With this new capital, nesto will accelerate the development of its technology and AI capabilities, enabling faster onboarding of partners and clients while further scaling its platform across the industry. Today, the company is growing rapidly across all business units with more than $37 billion in originations this year. nesto manages over $80 billion in mortgages under administration, operates nationwide, and is profitable.

“We have executed with focus and consistency on our mission to build the mortgage ecosystem of the future. This new capital will allow us to accelerate our technology and AI development while onboarding partners at turbo speed,” said Malik Yacoubi, Co-Founder and CEO of nesto.

“This investment reflects our confidence in nesto, a Montréal-based fintech that stands out for its business model and innovative approach. By simplifying and modernizing the mortgage experience, nesto is playing a tangible role in transforming the lending sector in Canada,” said Kim Thomassin, Executive Vice-President and Head of Québec at La Caisse.

*Source: CMHC

About nesto

nesto is Canada’s leading provider of mortgage technology and financing solutions, with over CAD 80 billion in residential and commercial mortgages under administration. nesto is trusted by many of the country’s most prominent financial institutions. Powered by its proprietary technology, nesto is the fastest growing mortgage lender in Canada, gaining market shares in D2C residential lending, in the broker market and in multi-family commercial lending.

nesto has been recognized as one of Deloitte’s Fast 50 companies for three consecutive years.

nesto inc. operates primarily through its CMLS, nesto, and Nesto Cloud brands. Its mission is to build Canada’s mortgage ecosystem of the future and create a true Canadian champion in lending technology and financial services. Learn more at: https://nestogroup.ca/

– 30 –

For more information

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EQT Real Estate acquires 2.4 million square foot logistics portfolio in key markets across the Southeast U.S.

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Image 18

  • Portfolio comprises three modern industrial assets in Savannah, Georgia, Jacksonville, and Lakeland, Florida 
  • Assets are fully leased and located near major ports and key regional transportation hubs 
  • Investment supports EQT Real Estate’s focus on high-quality logistics assets in supply-constrained growth markets throughout the U.S. 

EQT Real Estate is pleased to announce that the EQT Real Estate Industrial Value Fund VI (“EQT Real Estate”) has acquired a 2.4 million square foot logistics portfolio across three fast-growing markets in the U.S. Southeast, comprising Savannah, Georgia, Jacksonville, and Lakeland, Florida. 

The portfolio consists of three Class A industrial buildings with strong access to critical transportation infrastructure. The Savannah asset is located approximately five miles from the Port of Savannah, one of the busiest container ports in the U.S., while the Jacksonville building benefits from proximity to JAXPORT and regional road networks. The Lakeland asset sits along the I-4 corridor between Tampa and Orlando, a key location for serving Florida’s large and growing consumer base. The Port of Savannah handled 5.7 million TEUs in 2025, its second-busiest year on record, while JAXPORT moved more than 10 million tons of cargo over the same period.  

The assets are fully leased to a range of blue-chip tenants, and were built to modern logistics specifications, including cross-dock layouts, large building footprints, and clear heights that support efficient movement of goods. EQT Real Estate plans to deploy its hands-on approach to active management supporting long-term performance, operational quality, and resilience for current and future occupiers. 

Matthew Brodnik, Global Chief Investment Officer at EQT Real Estate, said: “The Southeast continues to stand out as one of the most important logistics corridors in the U.S., driven by population growth, expanding port activity, and the ongoing modernization of supply chains. This portfolio combines scale, modern functionality, and strategic access to critical transportation infrastructure across three markets that we believe will continue to see strong demand from businesses serving the region’s growing economy. 

EQT Real Estate would like to thank John Huguenard, Trent Agnew, and Will McCormack of JLL who advised the seller, a Brookfield affiliate, in the transaction. 

Contact
EQT Press Office, press@eqtpartners.com

 

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About EQT Real Estate
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, divided into two business segments: Private Capital and Real Assets. EQT supports its global portfolio companies and assets in achieving sustainable growth, operational excellence, and market leadership. Within EQT’s Real Assets segment, EQT Real Estate acquires, develops, leases, and manages logistics and residential properties in the Americas, Europe, and Asia. EQT Real Estate manages about $59 billion in GAV, owns and operates over 2,000 properties and 450 million square feet, with over 400 experienced professionals across 50 locations globally. 

More info: www.eqtgroup.com
Follow EQT Real Estate on LinkedIn

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Ardian and Societe Generale combine expertise to scale Nature-Based Solutions investments

Ardian

Ardian and Societe Generale announce today the launch of a nature-based solutions (NBS) equity partnership, aimed at supporting the development and scaling of projects focused on the preservation and restoration of natural ecosystems.  As part of this partnership, Societe Generale will invest EUR 100 million as an anchor investor in Ardian’s “Averrhoa NBS” fund and act as financial advisor to Ardian, supporting the structuring and deployment of the fund, through its affiliate Societe Generale Investment Solutions.

Averrhoa NBS is a SFDR1 Article 9 impact fund managed by Ardian’s Infrastructure team in partnership with aDryada Advisory. The strategy is dedicated to investing in projects to reforest and restore wetlands and mangroves, aimed at protecting biodiversity while enabling carbon sequestration through natural sinks, with a target of 85 million tons of carbon over 40 years2. These projects also contribute to climate mitigation by preserving water resources, improving soil and air quality, and supporting local ecosystems and communities, in a context where global ecosystem degradation and forest loss continue to represent significant environmental challenges.

Through this partnership, Ardian and Societe Generale are joining forces, combining infrastructure investment and structuring expertise to develop high-quality nature-based projects addressing growing demand from corporates and financial institutions. Together, they aim to contribute to the development of nature-based solutions as an investable asset class, while supporting projects with long-term visibility.

“Ardian is establishing itself as a key player in nature‑based solutions by developing carbon capture projects that address climate challenges while restoring natural ecosystems and biodiversity. Beyond targeting the sequestration of up to 85 million tons of carbon, these initiatives are designed to deliver lasting benefits to local communities and meet the growing demand for solutions supporting net-zero ambitions. We are particularly pleased to welcome Societe Generale as a trusted partner, whose support reflects strong conviction in Ardian’s investment capabilities.” Mathias Burghardt, Executive President and CEO of Ardian France, Ardian

“Nature-based solutions are an emerging investment area, where robust frameworks and long-term approaches are essential. This partnership reflects a shared conviction on how this market needs to develop, with a focus on large-scale, well-structured projects supported by strong underlying demand. Building on our leadership in project and infrastructure financing, and our expertise in nature-related transactions, we are contributing capital, advisory and structuring capabilities alongside Ardian to support the scaling of this market over time and help our clients integrate nature into their adaptation and transition strategies.” Anne-Christine Champion, Co-Head of Global Banking and Investor Solutions at Société Générale

Important notice: This press release is provided for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities or interests in any fund. Investments in private equity involve risks, including the risk of partial or total loss of capital. Any investment decision should be made solely on the basis of the fund’s official offering documentation. The fund referenced herein is intended exclusively for professional investors within the meaning of Directive 2014/65/EU or equivalent investor categories under the laws of the relevant jurisdictions.
1Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector. The European Union sustainable-finance rules are still evolving. Hence, it cannot be excluded that future changes in law or guidance may not support the Fund’s current categorization under SFDR.

2Indicative figures based on current pipeline of project. Post ramp-up phase and assuming 40 years project life.

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

ABOUT SOCIETE GENERALE

Societe Generale is a top-tier European Bank with around 110,000 employees serving 27 million clients in 58 countries across the world. We have been supporting the development of our economies for over 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective – to deliver sustainable value creation for all our stakeholders.

The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:
• French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium private banking services, and the leading digital bank BoursoBank.
• Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global leadership in equity derivatives, structured finance and ESG.
• Mobility, International Retail Banking and Financial Services, comprising well-established universal banks (in Czech Republic, Romania and several African countries), Ayvens (the new ALD I LeasePlan brand), a global player in sustainable mobility, as well as specialized financing activities.

Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).

In case of doubt regarding the authenticity of this press release, please go to the end of the Group News page on societegenerale.com website where official Press Releases sent by Societe Generale can be certified using blockchain technology. A link will allow you to check the document’s legitimacy directly on the web page.

For more information, you can follow us on Twitter/X @societegenerale or visit our website www.societegenerale.com/en

Media contacts

ARDIAN

HEADLAND

ardian@headlandconsultancy.com 

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Broadcom, Apollo, and Blackstone Establish Landmark Strategic Platform to Accelerate More Than 20 Gigawatts of Global AI Deployments

Blackstone

Platform Launches with $35 Billion Transaction for More Than 1 Gigawatt Led by Apollo in Partnership with Blackstone

PALO ALTO, Calif. & NEW YORK, New York – June 9, 2026 – Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops, and supplies semiconductor and infrastructure software solutions, today announced the establishment of the AI XPV Platform with Apollo (NYSE: APO) and Blackstone’s (NYSE: BX) Credit & Insurance Business as initial anchor investors. The Platform is designed to enable more than 20 gigawatts in compute capacity using Broadcom’s XPUs and networking solutions customized for leading frontier AI labs, including Anthropic and OpenAI, through 2028.

The Platform launches today with an initial tranche of $35 billion led by Apollo, in partnership with Blackstone, to facilitate Anthropic’s previously announced capacity expansion of more than 1 gigawatt of compute infrastructure expected to deploy in Fluidstack-based sites starting in mid-2026. This builds upon the deep strategic relationship between Broadcom and Anthropic and illustrates the immediate size and capabilities of the Platform.

It also establishes a scalable framework for future deployments of XPU-based compute capacity and networking to enable frontier model training and inference at the lowest cost and lowest power, significantly lowering per-token delivery costs.

“We are at a historic inflection point where the demand for AI compute is fundamentally reshaping the global economic landscape,” said Hock Tan, President and CEO, Broadcom Inc. “This strategic Platform with Apollo and Blackstone synchronizes the world’s most sophisticated capital with Broadcom’s advanced technological roadmap to meet this once-in-a-lifetime opportunity by enabling our rapidly scaling customers, starting with Anthropic, to realize their most ambitious AI visions with speed and certainty.”

“The sheer scale of the global AI opportunity requires a bold, collaborative model,” said Jim Zelter, President, Apollo. “Our investment in this Platform reflects our conviction in Broadcom’s technology leadership and Anthropic’s frontier roadmap. We are proud to deliver the capital foundation that allows this ecosystem to scale efficiently.”

Jon Gray, President, Blackstone, added: “The demand for compute has created an unprecedented opportunity to invest at scale across the AI infrastructure ecosystem, including providing financing through our credit and insurance business. We are proud to support this powerful combination of Broadcom’s exceptional technology and Anthropic’s pioneering models.”

About Broadcom
Broadcom Inc. (NASDAQ: AVGO) is a technology leader that designs, develops, and supplies semiconductors and infrastructure software for global organizations’ complex, mission-critical needs. Broadcom combines long-term R&D investment with superb execution to deliver the best technology, at scale. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, visit www.broadcom.com.

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2026, Apollo had approximately $1.03 trillion of assets under management. To learn more, please visit www.apollo.com.

About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com.

Contacts
For Broadcom:
Press.relations@broadcom.com

Ji Yoo
Investor Relations
650-427-6000
investor.relations@broadcom.com
 
For Apollo:
Noah Gunn
Global Head of Investor Relations
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
(212) 822-0491
Communications@apollo.com

For Blackstone:
David Vitek
David.Vitek@Blackstone.com
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Cautionary Note Regarding Forward-Looking Statements
This announcement contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended) concerning Broadcom. These statements include, but are not limited to, statements regarding Broadcom’s establishment of the AI XPV Platform with Apollo and Blackstone to enable gigawatts in compute capacity using Broadcom’s XPUs and networking solutions customized for leading frontier AI labs and the timing of the enablement. These forward-looking statements are based on current expectations and beliefs of Broadcom’s management, current information available to Broadcom’s management, and current market trends and market conditions, and involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. Accordingly, undue reliance should not be placed on such statements.

Particular uncertainties that could materially affect future results include risks associated with: global political and economic conditions and uncertainty; government regulations, trade restrictions and trade tensions; fluctuations in the timing and volume of significant customer demand; ability to make successful investments in research and development and successfully expand Broadcom’s business strategy or adopt Broadcom’s new business models; ability to continue winning business and the timing of such wins; dependence on contract manufacturing and outsourced supply chain; dependency on a limited number of suppliers; dependence on senior management and the ability to attract and retain qualified personnel; ability to protect against cybersecurity threats and a breach of security systems; ability to accurately estimate customers’ demand and adjust the manufacturing and supply chain accordingly; ability to improve manufacturing capacity and quality; involvement in legal proceedings; quarterly and annual fluctuations in operating results; Broadcom’s competitive performance; ability to maintain or improve gross margin; ability to protect Broadcom’s intellectual property and the unpredictability of any associated litigation expenses; significant indebtedness and the need to generate sufficient cash flows to  service and repay such debt; and other events and trends on a national, regional, industry-specific and global scale, including those of a political, economic, business, competitive and regulatory nature.

Broadcom’s filings with the Securities and Exchange Commission (SEC) are available without charge at the SEC’s website at https://www.sec.gov and include some important risk factors that may affect future results. Broadcom undertakes no intent or obligation to publicly update or revise the forward-looking statements made in this announcement, except as required by law.

(AVGO-Q)

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