Category Archives: News

Televic Healthcare Solutions nv joins Dutch leading MSP Esprit ICT

GIMV

Esprit ICT Group, a Dutch leading provider of integrated digital workplace solutions and the market leader in the Netherlands for critical alarm solutions in the care and cure market, today announced  the acquisition of Televic Healthcare Solutions NV, a leading ICT integrator in the Belgian healthcare sector. The acquisition is effective immediately.

This strategic move strengthens Esprit ICT’s ambition to expand its market leading position in critical alarm systems from the Netherlands to the Benelux, and beyond, by combining expertise, resources, and innovation, both organizations aim to deliver even greater value to healthcare providers across Belgium and the Netherlands. The acquisition aligns seamlessly with Esprit ICT’s growth strategy, which focuses on broadening expertise, increasing scale, and further integrating specialist IT services. The acquisition marks the first expansion outside of the Netherlands.

Although Televic Healthcare Solutions NV will now be a part of Esprit ICT, the Business Unit that develops and manufactures innovative Nurse Call Communication systems (Televic Healthcare Products) will remain part of the Televic Group and will further focus on international growth through a resellers network. Esprit ICT and Televic Healthcare Products will continue to work in close partnership to drive further innovation for their customers.

“This acquisition represents a strategically valuable addition to our organization. The cultural alignment between both parties provides a solid foundation for collaboration and by combining our complementary expertise, we jointly strengthen Esprit ICT’s healthcare portfolio and increase our added value for clients and partners in the healthcare sector.” states Martijn Boshuis, MD of Esprit Healthcare.

“We believe that the integrator part of our business (Televic Healthcare Solutions) will thrive with Esprit ICT, who has a laser-sharp focus on ICT integration. This way, our Business Unit “Televic Healthcare products” can focus on what Televic does best: creating innovative products and systems that drive international, sustainable and profitable growth”, said Thomas Verstraeten, CEO of Televic Group

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Harley-Davidson Announces Strategic Partnership with KKR and PIMCO

KKR

Unlocks ~$1.25 billion of discretionary cash for Harley-Davidson and transforms Harley-Davidson Financial Services (HDFS) into a capital-light and derisked business that will continue to originate and service both new and existing retail loans

Transaction monetizes HDFS through sale of 4.9% common equity interests to each partner and includes the sale of more than $5 billion of retail loan receivables at a premium to par

HDFS has agreed to sell approximately two-thirds of retail loans originated by HDFS annually for a minimum period of five years

Values HDFS at ~1.75x price to post-transaction book value and reinforces strategic and financial value of HDFS to Harley-Davidson customers, dealers and shareholders

MILWAUKEE, July 30, 2025 /PRNewswire/ — Harley-Davidson, Inc. (the “Company” or “Harley-Davidson”) (NYSE: HOG) today announced that HDFS has entered into a long-term strategic partnership with KKR, a leading global investment firm, and PIMCO, a global leader in active fixed income with expertise across public and private markets. This partnership transforms HDFS into a capital-light financing business through the sale of existing and future retail loans while maintaining its strategic value to Harley-Davidson, its dealers, customers and investors. The sale of more than $5 billion of existing retail loan receivables is valued at a premium to par.

Under the terms of the agreement, HDFS will also sell 4.9% common equity interests to investment vehicles managed by KKR and PIMCO at an implied valuation of ~1.75x price to post-transaction book value. Harley-Davidson will retain control of HDFS, which will continue to originate and service existing and new consumer loans. The Company expects HDFS operating income to grow back toward pre-transaction levels over time.

The Company plans to use the approximately $1.25 billion of cash unlocked through the transaction to reinvest to support demand-driven investments, reduce $450 million of HDI debt and return approximately $500 million to shareholders.

KKR’s investment comes from KKR-managed credit funds and accounts via the firm’s Asset-Based Finance strategy. PIMCO’s investment comes from funds and accounts focused on PIMCO’s private strategies.

Management Commentary
“This transaction delivers benefits to all of Harley-Davidson’s stakeholders and marks the beginning of an exciting new chapter for HDFS,” said Harley-Davidson Chairman, President, and CEO Jochen Zeitz. “From the outset of this process, we set out to demonstrate the class-leading returns of HDFS, create a long-term stable funding mechanism, and maintain the strong financial profile of HDFS, all without impacting service to dealers and customers. Our strategic partnership with KKR and PIMCO achieves each of these core objectives, valuing the HDFS business at a premium multiple and transforming it into a more capital-efficient business with an expected significantly higher return on equity. Importantly, the approximately $1.25 billion of cash this transaction unlocks allows us to strengthen Harley-Davidson by supporting additional investment into the business, further reducing debt, and accelerating cash returns to shareholders. For our customers and dealers, HDFS will continue to originate and service new and existing loans and provide dealers with service, benefits and flexibility commensurate with what HDFS currently provides, while we also invest in the future of Harley-Davidson for years to come. We are pleased we were able to deliver such a successful strategic partnership for all of our stakeholders.”

Strategic Partner Commentary
“This transaction highlights the strength and scale of our Asset-Based Finance (ABF) business, which has grown significantly alongside the rapid expansion of this market,” said Daniel Pietrzak, Partner and Global Head of Private Credit at KKR. “We are proud to have become the strategic partner of choice for blue-chip consumer finance businesses like Harley-Davidson Financial Services.”

“HDFS’ high-quality portfolio and significant asset generation capabilities exemplify the dynamic opportunities we are seeing in the ABF space as businesses continue to transition from capital heavy to capital light to optimize their balance sheets. We look forward to supporting the HDFS team in this long-term strategic partnership,” said Steve Sun, Director at KKR.

“PIMCO, a leading investor in asset-based finance globally, is excited to partner with Harley-Davidson on this transformative deal which builds on our partnership with the iconic motorcycle brand over many years, to bring compelling value to our clients via H-D’s high-quality financing arm,” said Harin de Silva, Managing Director and Portfolio Manager who chairs PIMCO’s Private Strategies Leadership team. “PIMCO has been a long-standing investor in asset-based finance with deep expertise and decades of experience, and this transaction demonstrates our commitment to identifying attractive risk-adjusted returns for our clients within the rapidly evolving private credit landscape.”

Strategic Rationale

  • Asset-Light Growth: HDFS expects to more efficiently grow its balance sheet and operating income over time following a benefit related to the sale of existing retail loan receivables and release of loan loss reserve in 2025 and subsequent rebasing to reduced operating income reflecting the new asset-light model in 2026. Under the terms of the five-year Forward Flow Agreement, HDFS will retain approximately one-third of annual retail loan originations on its balance sheet and generate new revenue streams through a fixed servicing fee on loans purchased by KKR and PIMCO. The agreement also provides for future retail loan sales to occur at a premium to par.
  • Strengthened Offering: Harley-Davidson to retain full control of HDFS while creating a long-term, stable funding mechanism through the support of KKR and PIMCO. Dealers and customers will continue to receive the strong service levels to which they are accustomed without any impact to wholesale loans, consumer credit cards or other offerings.
  • Enhanced Capital Allocation Flexibility: Transaction unlocks approximately $1.25 billion of cash for Harley-Davidson after the expected repayment of HDFS debt associated with retail loan receivables. The planned reduction of an additional $450 million of Harley-Davidson debt is expected to strengthen the Company’s balance sheet and create strategic optionality to help navigate the current environment, return capital to shareholders and support future demand driving investments.
  • Long-Term Value Creation: Transaction values the post-transaction HDFS business at a premium multiple and is expected to reduce Harley-Davidson’s overall leverage and perceived risk, which is expected to lower Harley-Davidson’s cost of capital on a go-forward basis. This transaction is also expected to significantly increase the future ROE of HDFS while simultaneously maintaining HDFS as a well-capitalized business and reducing credit risk on the Company’s balance sheet related to its existing portfolio of receivables.

Transaction Highlights

  • HDFS has agreed to sell a 4.9% common equity interest to investment vehicles managed by KKR and PIMCO at approximately 1.75x post-transaction book value.
  • HDFS has agreed to sell over $5 billion of existing gross consumer retail loan receivables and residual interests in securitized consumer loan receivables at a premium.
  • HDFS expects to use a portion of the proceeds to reduce indebtedness to optimize the post transaction capital structure.
  • HDFS’ new strategic partners have entered into a 5-year agreement, whereby the partners purchase approximately two-thirds of annual HDFS future retail loan originations at a premium. Under the terms of agreement, HDFS will continue to originate and service retail loans and receive fixed fees for servicing loans sold to strategic partners.

Harley-Davidson and Harley-Davidson Financial Services Advisors
Barclays acted as exclusive financial advisor and Latham & Watkins and Sidley Austin acted as legal advisors for Harley-Davidson.

Harley-Davidson Second Quarter 2025 Earnings Call Information
Harley-Davidson is releasing its second quarter 2025 financial results before market hours today July 30, 2025 and is hosting its previously scheduled earnings audio webcast at 8 a.m. CT, during which the Company will discuss its financial results, this announcement and its outlook on the business. The webcast login and supporting slides can be accessed at http://investor.harley-davidson.com/news-and-events/events-and-presentations.

About Harley-Davidson
Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services. Our vision: Building our legend and leading our industry through innovation, evolution and emotion. Our mission: More than building machines, we stand for the timeless pursuit of adventure. Freedom for the soul. Our ambition is to maintain our place as the most desirable motorcycle brand in the world. Since 1903, Harley-Davidson has defined motorcycle culture by delivering a motorcycle lifestyle with distinctive and customizable motorcycles, experiences, motorcycle accessories, riding gear and apparel. Harley-Davidson Financial Services provides financing, insurance and other programs to help get riders on the road. Harley-Davidson also has a controlling interest in LiveWire Group, Inc., the first publicly traded all-electric motorcycle company in the United States. LiveWire is the future in the making for the pursuit of urban adventure and beyond. Drawing on its DNA as an agile disruptor from the lineage of Harley-Davidson and capitalizing on a decade of learnings in the EV sector, LiveWire’s ambition is to be the most desirable electric motorcycle brand in the world. Learn more at harley-davidson.com and livewire.com.

Cautionary Note Regarding Forward-Looking Statements
The Company intends that certain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such by reference to this footnote or because the context of the statement will include words such as the Company “believes,” “anticipates,” “expects,” “plans,” “projects,” “may,” “will,” “estimates,” “targets,” “intends,” “forecasts,” “seeks,” “sees,” “should,” “feels,” “commits,” “assumes,” “envisions,” or words of similar meaning. Similarly, statements that describe or refer to future expectations, future plans, strategies, objectives, outlooks, targets, guidance, commitments or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially, unfavorably or favorably, from those anticipated as of the date of this press release. Certain of such risks and uncertainties are described below. Shareholders, potential investors, and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this press release are only made as of the date of this press release, and the Company disclaims any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Important factors that could affect future results and cause those results to differ materially from those expressed in the forward-looking statements include, among others, the Company’s ability to: (a) execute its business plans and strategies, including without limitation the Hardwire strategic plan, each of the pillars, and the evolution of LiveWire as a standalone brand; (b) manage supply chain and logistics issues, including without limitation quality issues, unexpected interruptions or price increases caused by supplier volatility, raw material shortages, inflation, war or other hostilities, including the conflict in Ukraine, or natural disasters and longer shipping times and increased logistics costs; (c) manage and predict the impact that new, reinstated or adjusted tariffs may have on the Company’s ability to sell products domestically and internationally, and the cost of raw materials and components, including tariffs recently imposed or that may be imposed by the U.S. on foreign goods or rebalancing or other tariffs recently imposed or that may be imposed by foreign countries on U.S. goods; (d) accurately analyze, predict and react to changing market conditions, interest rates, and geopolitical environments, and successfully adjust to shifting global consumer needs and interests; (e) accurately predict the margins of its segments in light of, among other things, tariffs, rebalancing trade measures, inflation, foreign currency exchange rates, the cost associated with product development initiatives and the Company’s complex global supply chain; (f) maintain and enhance the value of the Harley-Davidson brand, including detecting and mitigating or remediating the impact of activist collective actions, such as calls for boycotts and other brand-damaging behaviors that could harm the Company’s brand or business; (g) manage through changes in general economic and business conditions, including changing capital, credit and retail markets, and the changing domestic and international political environments, including as a result of the conflict in Ukraine; (h) successfully access the capital and/or credit markets on terms that are acceptable to the Company and within its expectations; (i) successfully carry out its global manufacturing and assembly operations; (j) develop and introduce products, services and experiences on a timely basis that the market accepts, that enable the Company to generate desired sales levels and that provide the desired financial returns, including successfully implementing and executing plans to strengthen and grow its leadership position in Grand American Touring, large Cruiser and Trike, and grow its complementary businesses; (k) perform in a manner that enables the Company to benefit from market opportunities while competing against existing and new competitors; (l) manage the impact that prices for and supply of used motorcycles may have on its business, including on retail sales of new motorcycles; (m) prevent, detect and remediate any issues with its motorcycles, or any issues associated with the manufacturing processes to avoid delays in new model launches, recall campaigns, regulatory agency investigations, increased warranty costs or litigation and adverse effects on its reputation and brand strength, and carry out any product programs or recalls within expected costs and timing; (n) successfully manage and reduce costs throughout the business; (o) continue to develop the capabilities of its distributors and dealers, effectively implement changes relating to its dealers and distribution methods, including the Company’s dealer footprint, and manage the risks that its dealers may have difficulty obtaining capital and managing through changing economic conditions and consumer demand; (p) realize the expected business benefits from LiveWire operating as a separate public company, which may be affected by, among other things: (i) the ability of LiveWire to execute its plans to develop, produce, market and sell its electric vehicles; (ii) the demand for and consumer willingness to adopt two- and three-wheeled electric vehicles; and (iii) other risks and uncertainties indicated in documents filed with the SEC by the Company or LiveWire Group, Inc., including those risks and uncertainties noted in Risk Factors under Item 1.A of LiveWire Group Inc.’s most recent Annual Report on Form 10-K; (q) manage the quality and regulatory non-compliance issues relating to the brake hose assemblies provided to the Company by Proterial Cable America, Inc. in a manner that avoids future quality or non-compliance issues and additional costs or recall expenses that are material; (r) maintain a productive relationship with Hero MotoCorp as a distributor and licensee of the Harley-Davidson brand name; (s) successfully maintain or achieve a manner in which to sell motorcycles in Europe, China, and the Company’s Association of Southeast Asian Nations (ASEAN) countries that does not subject its motorcycles to incremental tariffs; (t) manage its Thailand corporate and manufacturing operation in a manner that allows the Company to avail itself of preferential free trade agreements and duty rates, and sufficiently lower prices of its motorcycles in certain markets; (u) retain and attract talented employees and leadership and qualified and experienced independent directors for its Board of Directors, eliminate personnel duplication, inefficiencies and complexity throughout the organization, and successfully complete transitions of executives, including the Company’s upcoming CEO transition; (v) accurately estimate and adjust to fluctuations in foreign currency exchange rates, interest rates and commodity prices; (w) manage the credit quality, the loan servicing and collection activities, and the recovery rates of Harley-Davidson Financial Services’ loan portfolio; (x) prevent a ransomware attack or cybersecurity incidents and data privacy breaches and respond to related evolving regulatory requirements; (y) adjust to tax reform, healthcare inflation and reform and pension reform, and successfully estimate the impact of any such reform on the Company’s business; (z) manage through the effects inconsistent and unpredictable weather patterns may have on retail sales of motorcycles; (aa) implement and manage enterprise-wide information technology systems, including systems at its manufacturing facilities; (bb) manage changes, prepare for, and respond to evolving requirements in legislative and regulatory environments related to its products, services and operations, including increased environmental, safety, emissions or other regulations; (cc) manage its exposure to product liability claims in a manner that avoids or successfully mitigates the impact of substantial jury verdicts and manage exposure in commercial or contractual disputes; (dd) continue to manage the relationships and agreements that the Company has with its labor unions to help drive long-term competitiveness; (ee) enter into and close third-party investment(s) in HDFS in a manner consistent with the Company’s objectives and that does not adversely affect its business; (ff) manage risks related to outsourced functions and use of artificial intelligence; (gg) achieve anticipated results with respect to the Company’s preowned motorcycle program, Harley-Davidson Certified, the Company’s H-D1 Marketplace, and Apparel and Licensing; (hh) optimize capital allocation in light of the Company’s capital allocation priorities; (ii) manage the Company’s share repurchase strategy; and (jj) manage issues related to climate change and related regulations.

The Company’s ability to sell its motorcycles and related products and services and to meet its financial expectations also depends on the ability of the Company’s dealers to sell its motorcycles and related products and services to retail customers. The Company depends on the capability and financial capacity of its dealers to develop and implement effective retail sales plans to create demand for the motorcycles and related products and services they purchase from the Company. In addition, the Company’s dealers and distributors may experience difficulties in operating their businesses and selling Harley-Davidson motorcycles and related products and services as a result of weather, economic conditions, or other factors.

HDFS’ retail credit losses have normalized in recent quarters to higher levels after a period of historically low levels of credit losses. Further, the Company believes that HDFS’s retail credit losses will continue to change over time due to changing consumer credit behavior, macroeconomic conditions, including the impact of inflation and HDFS’s efforts to increase prudently structured loan approvals to sub-prime borrowers. In addition, HDFS’s efforts to adjust underwriting criteria based on market and economic conditions and the actions that the Company has taken and could take that impact motorcycle values may impact HDFS’s retail credit losses.

The Company’s operations, demand for its products, and its liquidity could be adversely impacted by changes in tariffs, inflation, work stoppages, facility closures, strikes, natural causes, widespread infectious disease, terrorism, war or other hostilities, including the conflict in Ukraine, or other factors. Refer to Risk Factors under Item 1.A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on February 26, 2025 and applicable updates under Item 1.A of the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 filed with the SEC on May 6, 2025 for a discussion of additional risk factors and a more complete discussion of some of the cautionary statements noted above.

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 PIMCO 
PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients’ capital across a range of fixed income and credit opportunities, drawing upon our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world’s largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns.

### (HOG-OTHER)

SOURCE Harley-Davidson, Inc.

 

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KKR Announces Strategic Acquisition of HealthCare Royalty Partners, Expanding the Firm’s Health Care Franchise and Enhancing its Life Sciences Strategy

KKR

NEW YORK–(BUSINESS WIRE)– KKR & Co. Inc., a leading global investment firm, today announced that it has acquired a majority ownership stake in HealthCare Royalty Partners (HCRx), a leading biopharma royalty acquisition company. This strategic partnership will enable KKR to enhance its capabilities in biopharma royalty and credit investing, while expanding the firm’s existing footprint in the life sciences ecosystem.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250730161531/en/

Founded in 2006 and headquartered in Stamford, Connecticut, HCRx has a strong track record of investing in commercial-stage and near-commercial-stage biopharmaceutical assets. Since inception, the firm has committed over $7 billion in capital and today manages approximately $3 billion in assets with a portfolio that spans over 10 therapeutic areas and over 55 products. HCRx’s deep expertise in royalty monetizations, private debt and corporate financing solutions presents significant opportunity given the biopharma royalties market is currently addressing only a small portion of total biopharma capital needs.

“As the biopharma industry has grown and matured, companies are increasingly seeking to partner with investors that can provide a range of capital to meet their financing needs. The HCRx acquisition supports KKR’s ability to provide comprehensive solutions across the health care spectrum and meaningfully expands our life sciences capabilities to address market demand,” said Ali Satvat, Partner, Co-Head of Health Care and Global Head of Health Care Strategic Growth at KKR. “We were drawn to HCRx given our long-standing relationship with the firm, its market leadership in biopharma royalties – an asset class with growing demand – and the expertise of its leadership team. We are deeply impressed with the differentiated platform that Clarke and the HCRx team have built, and we look forward to welcoming them to KKR.”

As part of the transaction, HCRx Chairman and CEO Clarke Futch will continue to lead the HCRx team and will maintain an ongoing substantial minority interest in HCRx. HCRx’s team will collaborate closely with KKR’s health care team to provide a range of financing solutions across the biopharma sector.

“Joining forces with KKR marks a significant milestone for HCRx. We share a common vision of supporting the growth and innovation of the biopharma industry,” said Mr. Futch. “With KKR’s resources, expertise and similar approach to partnership, we are well positioned to scale our platform, more comprehensively serve the landscape of biopharma companies and continue delivering value to our stakeholders.”

KKR has a long track record of supporting health care companies globally, having invested more than $20 billion of equity capital in the sector since 2004. KKR’s existing portfolio of life sciences companies includes BridgeBio Pharma, a clinical-stage biopharmaceutical company focused on genetic diseases, Dawn Bio, a platform that provides flexible equity capital to companies across the life sciences ecosystem, Immedica Pharma, a rare disease company, and Treeline Biosciences, an oncology-focused biotherapeutics platform, among others.

TD Securities served as exclusive financial advisor to HCRx.

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 HCRx

HCRx is a leading royalty acquisition company focused on commercial and near-commercial biopharmaceutical products with offices in Stamford, San Francisco, Boston, London and Miami. HCRx has committed $7+ billion in over 110 biopharmaceutical products since inception. For more information, visit https://www.hcrx.com. HEALTHCARE ROYALTY®, HEALTHCARE ROYALTY PARTNERS® and HCRx® are registered trademarks of HealthCare Royalty Management, LLC.

Media Contacts
Liidia Liuksila
212-750-8300
media@KKR.com

Source: KKR & Co. Inc.

 

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KKR Completes $6.5 Billion Asset-Based Finance Fundraise

KKR

Successor Fund Expands on Firm’s Commitment to Fast-Growing ABF Space

NEW YORK–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced the completion of a $6.5 billion fundraise focused on committing capital globally to privately originated and negotiated credit investments backed by large and diversified pools of financial and hard assets. The fundraise includes $5.6 billion in KKR Asset-Based Finance Partners II (“ABFP II” or the “Fund”) and nearly $1 billion from separately managed accounts focused on the same type of investment opportunities.

“The $6 trillion Asset-Based Finance (ABF) market, projected to exceed $9 trillion by 2029, is one of the most dynamic opportunity sets today, yet it remains relatively undercapitalized,” said Daniel Pietrzak, Partner and Global Head of Private Credit at KKR. “ABFP II will help fill this gap by providing long-term capital to the real economy and offering investors a chance to diversify their portfolios with high-quality non-corporate collateral-backed cash flows.”

“Our extensive experience and global scale in ABF uniquely positions us to capitalize on the dynamic opportunities we see across various sectors and geographies,” said Varun Khanna, Avi Korn, and Chris Mellia, global co-heads of ABF at KKR. “At over 2.5x the size of its predecessor, ABFP II’s success is a testament to the confidence our investors place in our team to deliver compelling risk-adjusted returns. We are grateful for their continued support.”

ABFP II received widespread support across a diverse group of new and existing investors globally, including public and corporate pensions, sovereign wealth funds, private banks, insurance companies, asset managers, and family offices.

KKR established its ABF strategy in 2016 and has since grown the platform significantly, with more than $74 billion in ABF assets under management and a team of approximately 50 ABF professionals globally. Today, the ABF business has two distinct investment strategies, offering solutions to borrowers across the capital structure. These include an opportunistic approach and a high-grade strategy that focuses on investment grade opportunities at the top of the capital structure.

KKR’s ABF portfolio focuses on four key themes: Consumer/Mortgage Finance, Commercial Finance, Hard Assets, and Contractual Cash Flows. The firm has 18 captive ABF platforms across these four segments, enabling proprietary sourcing and structuring of investments. KKR’s broad, multi-sector approach offers flexibility to invest across a diverse range of industries, including aviation, real estate, automotive finance, mortgages, royalties and equipment leasing, among others.

Over the past two decades, KKR has built one of the largest private credit platforms globally, with the ability to invest across the capital structure and liquidity spectrum. These capabilities are paired with KKR’s approach to proprietary sourcing, capital preservation, and active portfolio management to seek out long-term capital appreciation and attractive risk-adjusted returns. Today, KKR manages approximately $254 billion in credit assets globally, including approximately $117 billion in private credit and $129 billion in leveraged credit.

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 Contact
Lauren McCranie
media@kkr.com

Source: KKR

 

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Japan Post Insurance Invests $2 Billion in Global Atlantic Vehicle

KKR
  • Latest milestone in strategic partnership to accelerate Japan Post Insurance’s global growth strategy
  • Reinforces both KKR and Global Atlantic’s deep commitment to Japan, and serving the needs of the expanding global insurance market

TOKYO & NEW YORK–(BUSINESS WIRE)– Japan Post Insurance Co., Ltd. (“Japan Post Insurance”), KKR & Co. Inc. (together with its subsidiaries, “KKR”), and Global Atlantic, a leading provider of retirement security and investment solutions, and a wholly-owned subsidiary of KKR, today announced the signing of definitive agreements under which Japan Post Insurance will invest $2 billion (approx. JPY 300 billion) in a new vehicle (the “Vehicle”) sponsored by Global Atlantic.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250729224140/en/

Japan Post Insurance’s commitment is over 50% of the Vehicle,1 which is expected to have access to Global Atlantic’s insurance, reinsurance and strategic activity, and to commence operations in the first half of 2026, subject to customary regulatory approvals.

This transaction marks an additional investment by Japan Post Insurance in a vehicle sponsored by Global Atlantic and is a part of the strategic partnership that Japan Post Insurance, KKR, and Global Atlantic announced in June 2023. Both KKR and Global Atlantic’s track record of providing differentiated investment capabilities and insurance expertise to serve the international insurance market is expected to significantly advance Japan Post Insurance’s global growth strategy and further diversify its revenue sources.

This strategic partnership reinforces KKR and Global Atlantic’s commitment to Japan, a core market where KKR has operated in for two decades, while advancing their global insurance strategy. The collaboration also enhances their ability to deliver tailored asset management and reinsurance solutions for insurance clients worldwide. Building on Global Atlantic’s strong track record in retirement security and investment solutions, Japan Post Insurance’s investment will support Global Atlantic’s continued expansion across the U.S. and international markets to address growing retirement needs in rapidly aging populations globally.

Japan Post Insurance’s investment will be made over time. Japan Post Insurance expects that this investment will have minimal impact on its consolidated financial results for the fiscal year ending March 31, 2026. Japan Post Insurance will promptly make a market disclosure if it becomes clear that this investment will have an impact on its business performance.

Kunio Tanigaki, Director and Representative Executive Officer, President and CEO of Japan Post Insurance, said, “This investment is a part of our phased approach to our strategic alliance agreement with KKR and Global Atlantic, which we signed in June 2023 with the aim of expanding into new areas of collaboration. In the two years that have passed since establishing this alliance, we have deepened our mutual understanding and come to appreciate the significant presence of KKR and Global Atlantic in the U.S. market, and are pleased to invest in this new vehicle sponsored by Global Atlantic. We believe that this investment will enable Japan Post Insurance to diversify our revenue sources by capturing revenues from the robust U.S. annuity market and reinsurance markets globally and continue to build on our win-win relationship with KKR and Global Atlantic.”

Joe Bae and Scott Nuttall, Co-CEOs of KKR, said, “We are proud to deepen our relationship with Japan Post Insurance, one of Japan’s leading insurance institutions, through their investment in Global Atlantic’s vehicle. This collaboration reflects the strength of our global insurance platform and our shared commitment to growth as we pursue the opportunity together.”

“We are delighted to expand our strategic partnership with Japan Post Insurance and pursue new opportunities for growth and collaboration,” said Billy Butcher and Manu Sareen, Co-Heads of Global Atlantic. “Japan Post Insurance’s commitment to deploy capital alongside Global Atlantic validates the growing value of our global platform. The investment will accelerate our ability to pursue growth opportunities we see in the U.S., Japan, and other international markets, and support the needs of our clients, policyholders and partners.”

About Japan Post Insurance

Japan Post Insurance is a Japanese life insurance company that offers a wide range of life insurance products, mainly for individuals, such as endowment insurance and whole life insurance. Following the privatization and division of Japan Post, it was established as a Japan Post Group company on October 1, 2007. As a member of the Japan Post Group, it offers products for individuals through its branch Japan Post Service Department and the nationwide post office network owned by Japan Post Co., Ltd., as well as corporate services through its branch corporate sales department.

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 Global Atlantic

Global Atlantic is a leading provider of retirement security and investment solutions with operations in the U.S. and Bermuda. As a wholly-owned subsidiary of KKR (NYSE: KKR), a leading global investment firm, Global Atlantic combines deep insurance expertise with KKR’s powerful investment capabilities to deliver long-term financial security for millions of individuals. With a broad suite of annuity, preneed life insurance, reinsurance, and investment solutions, Global Atlantic, through its issuing companies, helps people achieve their financial goals with confidence. For more information, please visit www.globalatlantic.com.

Global Atlantic is the marketing name for The Global Atlantic Financial Group LLC and its subsidiaries, including Forethought Life Insurance Company and Accordia Life and Annuity Company. Each subsidiary is responsible for its own financial and contractual obligations. These subsidiaries are not authorized to do business in New York.

Forward-Looking Statements

This document contains forward-looking statements. Such forward-looking statements may be identified by words such as “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “target,” “intend,” “continue,” “believe,” or the negative of these terms or other similar expressions. These forward-looking statements are based on current assumptions and expectations. Actual events or performance may differ materially from those suggested or intended by the forward-looking statements, as they are subject to various risks, uncertainties and uncertainties, including whether the Vehicle will generate the expected benefits. Japan Post Insurance is under no obligation to change or revise such information in light of new information, future events or other circumstances. Past performance is not a guarantee of future performance.

1 Japan Post Insurance expects to hold a 10% stake in the vehicle in terms of voting rights, after obtaining regulatory approvals.

For KKR:
Wei Jun Ong or Kenny Juarez
media@kkr.com

For Global Atlantic:
Jenn Bernstein
Jennifer.Bernstein@gafg.com

Source: KKR

 

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One Equity Partners, Warburg Pincus and Green Cement Investments to Sell Eco Material Technologies to CRH

Warburg Pincus logo

Launched by One Equity Partners, Warburg Pincus and Green Cement Investments in 2022, Eco Material Technologies is well-positioned under CRH’s stewardship to maintain its growth trajectory

New York – July 29, 2025 – One Equity Partners (“OEP”), a leading middle market private equity firm, Warburg Pincus, the pioneer of global growth investing, and Green Cement Investments today announced an agreement to sell Eco Material Technologies (“Eco Material”) to CRH (NYSE: CRH) for a total consideration of $2.1 billion. Eco Material Technologies is a leading independent supplier of Supplementary Cementitious Materials (“SCMs”) in North America.

Eco Material was formed in 2022 from the merger of Boral Limited’s North American fly ash business and Green Cement Inc, a manufacturer of near-zero-carbon cement alternatives. Eco Material is headquartered in Utah and operates a national network of fresh and harvested fly ash, pozzolans, synthetic gypsum and green cement operations distributed across a network of over 125 utility source locations, production facilities and terminals. The company partners with leading electric utilities to process and recycle approximately seven million tons of fly ash and three million tons of synthetic gypsum and other materials annually, with significant additional capacity currently under construction.

“During our partnership, Eco Material has achieved significant growth by scaling industry-leading technological solutions and continuing to expand its network of cement alternatives across North America,” said Matt Hughes, Partner at OEP. “We are proud of the progress our partnership has generated, and we are confident that CRH will shepherd in a new chapter of growth by leveraging its national distribution network and innovation capabilities to better serve the combined companies’ customers,” said Roy Ben-Dor, Managing Director and Head of Energy Transition and Sustainability at Warburg Pincus.

“We thank One Equity Partners and Warburg Pincus for their investment and partnership, which were instrumental in building the strong foundation from which we now embark on this next chapter,” said Grant Quasha, CEO of Eco Material. “We’re incredibly proud of the growth we have achieved together since 2022, and we are excited for our future with CRH and the opportunities ahead of our combined organizations.”

The proposed transaction is subject to regulatory approval and customary closing conditions and is expected to close in 2025.

Jefferies LLC is serving as financial advisor and Latham & Watkins LLP is serving as legal advisor to Eco Material.

About Eco Material Technologies

Eco Material is a leading producer, marketer and distributor of ash-based SCM products in North America. Eco Material is also a leading environmentally focused, near-zero carbon cement producer in the United States. SCMs are the most impactful, environmentally friendly alternative materials to portland cement that significantly reduce the CO2 footprint and improve the performance and longevity of cement’s end-product, concrete. Coal ash and volcanic ash are used to replace a portion of emissions intensive portland cement in concrete and can be further upgraded to its higher performance Green Cement products by the Company. Eco Material also supplies services to electric utilities related to management of coal ash and other coal combustion products and recycles over 10 million tons per year of material into beneficial use – reducing emissions and avoiding landfilling of material.

About One Equity Partners

One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 400 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt, and Amsterdam. For more information, please visit www.oneequity.com.

About Warburg Pincus
Warburg Pincus LLC is the pioneer of private equity 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 $87 billion in assets under management, and more than 220 companies in its active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.

The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com or follow us on LinkedIn.

Media Contacts

Eco Material Technologies

Mindy Ward
Marketing Manager
Mindy.Ward@ecomaterial.com

Warburg Pincus

Kerrie Cohen
Global Head of Communications & Marketing
kerrie.cohen@warburgpincus.com

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Health Partners announces Partnership with Warburg Pincus to Support Next Phase of Growth

Warburg Pincus logo

London, 29 July 2025 – Health Partners, the UK’s leading provider of B2B occupational healthcare services, today announced a partnership with Warburg Pincus, the pioneer of private equity global growth investing. Co-founders Andrew Noble and Dr. Alasdair Emslie will continue to lead the business, and together with the entire management team, are fully committed to the company’s long-term growth, development and vision to build the undisputed #1 integrated employee health provider in the UK.

Health Partners, founded in 2016 and headquartered in the UK, is a full-service occupational health provider delivering end-to-end solutions covering the full absenteeism management value chain including assessment, treatment, and prevention. The company supports over 700 private and public sector clients, operating across all markets in the UK and Ireland.

Together with Warburg Pincus, as a technology-focused growth partner with decades-long experience in the healthcare services sector, Health Partners will accelerate its investment in innovation — particularly in areas such as proprietary IT systems, digital health services and data-enabled service delivery – to maintain the highest standards of clinical care whilst continuing its strong growth trajectory.

Co-founders Andrew Noble, Chief Executive Officer, and Dr Alasdair Emslie, Chief Medical Officer, of Health Partners, commented:

“We created Health Partners to make a difference to people: our colleagues and clients’ employees alike. By putting people first, we want to show how occupational health can be done better and have a real, lasting impact on people’s lives. We are thrilled to partner with Warburg Pincus for this exciting phase of growth as we continue to advance workplace healthcare to make a measurable difference to the quality of people’s health and wellbeing.”

Max Fowinkel, Managing Director and Head of Europe Technology, Warburg Pincus, commented:

“Andrew, Alasdair and the team have a tremendous track record and have successfully built Health Partners from the ground up into the exceptional business it is today. Warburg Pincus shares Health Partners’ vision to create the UK’s #1 integrated employee health provider. We are delighted to partner with this entrepreneurial team and, together, we will accelerate the company’s next phase of growth and technology innovation with the ultimate goal to make the life and health of many millions of UK employees better.”

—-

About Health Partners

Health Partners Group Limited is the UK’s leading corporate health and wellbeing provider. Established in 2016, the business has grown to support hundreds of clients, and more than three million employees, across the UK.

Today, the business employs over 1,300 clinicians and support staff, who are continually innovating and expanding Health Partners’ services to help organisations improve and safeguard the health of their employees.

Absence from work is a significant cost to businesses and families. Health Partners provides support to employees and their employers, with a range of treatment services to support employees’ health at work. These include mental health services, physiotherapy, health screenings, wellbeing, neurodiversity coaching, onsite primary care and laboratory services. For more information, please visit: https://www.healthpartnersgroup.com

About Warburg Pincus

Warburg Pincus LLC is the pioneer of private equity 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 $87 billion in assets under management, and more than 220 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.

The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com or follow us on LinkedIn.

Media contact:

Alice Gibb
+44 7827 309320
Alice.gibb@warburgpincus.com

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Bridgepoint to partner with HBC to build a leading insurance distribution platform

Bridgepoint
  • Bridgepoint to acquire a majority stake in HBC from Preservation Capital Partners
  • HBC has quadrupled its EBITDA since inception through a combination of organic growth and M&A
  • The partnership will support HBC’s strategy to accelerate M&A, scale its MGA engine, and drive organic growth and digitisation

 

Bridgepoint, one of the world’s leading quoted private asset growth investors, today announced that it has agreed to acquire a majority stake in HBC (Hanseatic Broking Center), a leading independent SME+ insurance distribution platform in the DACH region. The transaction sees Bridgepoint partner with the HBC management team and founders, who will remain significantly invested, while Preservation Capital Partners will fully exit its holding.

Founded in 2022 through the merger of three long-established specialty brokers and a managing general agent (MGA), HBC has quickly established itself as one of the leading consolidators in the DACH region. MGAs are insurance intermediaries authorised to underwrite policies and manage claims on behalf of insurers, often operating in niche or complex markets like marine, travel or cyber insurance where specialist expertise is essential. Since inception, the business has quadrupled its EBITDA through a combination of continued organic growth and M&A.

The platform serves over 40,000 clients across multiple insurance lines and generates over a third of its revenue from its fast-growing MGA segment. It is led by Executive Chairman and co-founder Gert Schlossmacher and CEO and co-founder Hauke Martinsen, who together bring more than 60 years of experience across the insurance value chain.

With Bridgepoint’s support, HBC aims to build a fully integrated platform combining specialist commercial broking and MGA capabilities and accelerate its growth across the DACH region and beyond.

Recent acquisitions have strengthened HBC’s capabilities across priority lines and regions, including LTA, a travel-focused MGA; Schomacker, a boat hull and liability broker; and Schinner, a property specialist. These additions reflect HBC’s strategy of expanding its specialist offering and deepening underwriting capabilities to meet growing client demand.

That demand is being driven by macro trends. The German SME insurance market is the largest in Europe, generating €37bn in gross written premium and €5bn in broker commissions. With broker penetration at 60%, significant consolidation white space remains in the mid-sized broker segment. Meanwhile, the German MGA market – currently just 5% penetrated – is expected to grow c.15% annually as insurers increasingly outsource underwriting.

Bridgepoint brings deep experience in financial services and specialist distribution, and consolidation plays, having backed platforms such as Element, Kereis and a number of insurance-focused consolidators across Europe. The transaction also continues Bridgepoint’s strong track record in supporting businesses in the DACH region, including investments in Axplora, a leading API manufacturer headquartered in Germany; Infinigate, a cybersecurity software distributor based in Switzerland with significant operations in the DACH region; and PTV Group, a German mobility software company focused on transport and logistics optimisation.

Gert Schlossmacher, Co-Founder and Executive Chairman of HBC, said:

“Our vision has always been to build the leading integrated insurance distribution platform for SMEs in Germany, combining local expertise, specialist knowledge and digital tools to serve a segment that’s still significantly underserved. With Bridgepoint, we’ve found a partner that understands both the opportunity and the operational discipline needed to capture it. This partnership allows us to accelerate our M&A strategy, scale our MGA capabilities, and continue building a platform that’s attractive for clients, carriers and entrepreneurs alike.”

Hauke Martinsen, Co-Founder and CEO of HBC, said:

“We’ve built HBC around a clear belief: that specialist, independent advice is more important than ever for SMEs. I’m proud of what we’ve created so far, a platform that brokers trust, clients rely on, and insurers want to partner with. With Bridgepoint behind us, we’re in a great position to keep scaling that model, strengthen our MGA proposition, and unlock even more opportunities for our team and our clients.”

Chris Brackmann, Partner at Bridgepoint with responsibility for investments in DACH, said:

“HBC is a standout business in a structurally attractive market: an ambitious, founder-led platform with a proven track record of growth. With strong market fundamentals and visible white space for consolidation, we see a clear opportunity to build the leading platform in the DACH region. We’re excited to partner with Gert, Hauke, Sebastian, Johannes and the team to help realise that ambition and create the next leader in European insurance distribution.”

Carsten Kratz, Partner at Bridgepoint and Head of DACH, said:

“Germany’s SME sector is the backbone of the economy yet remains underserved when it comes to tailored insurance solutions. HBC stands out for its entrepreneurial team, specialist focus, and impressive growth trajectory. With a strong foundation and clear strategic direction, we see significant potential to help HBC scale further, deepen its MGA capabilities, accelerate digitisation, and broaden its reach across the region.”

Jeroen Bischops and Armin Holeisen, Preservation Capital Partners, said:

“It has been a privilege to support Gert and the team through HBC’s formative years. In just three years, they’ve built one of the most dynamic and fastest-growing insurance distribution platforms in Europe. Our ambition from the outset was to support the team in creating a best-in-class integrated insurance distribution platform, and we’re extremely proud of what we’ve achieved together. We look forward to seeing the next chapter of HBC’s development under Bridgepoint’s ownership and sincerely wish management and Bridgepoint all the best for the future.”

The transaction is subject to customary closing conditions, including regulatory approval and is expected to complete in Q3 2025.

Bridgepoint was advised by Rothschild & Co (Financial Advisor), Nomura (Financial Advisor), Kirkland & Ellis (Legal Advisor), McKinsey & Company (Commercial Advisor), EY (Financial, Tax, Cyber, ESG), Ommax (AI/Digital), and Schuberg Philis (IT).

HBC and PCP were advised by Macquarie Capital (Financial Advisor), Sidley Austin (Legal Advisor), PwC (Financial and Tax Advisor), L.E.K Consulting (Commercial Advisor), BMS Group (W&I Advisor) and Chris Patrick Consulting (Debt Advisor).

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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How lakeFS is versioning the way to enterprise AI innovation

Dell

How lakeFS is versioning the way to enterprise AI innovation

How lakeFS is versioning the way to enterprise AI innovation

In the modern enterprise, vast amounts of data are continually gathered, refined, and then used for an ever-growing number of AI-driven internal and end-customer use cases. Right now, there’s not an organization on the planet that does not endeavor to do this with greater speed, scale and security, and across every data type and format they’ve got.

Long before the “everything better with AI” fervor swept the enterprise, lakeFS co-founders Einat Orr and Oz Katz saw an opportunity to help streamline and ensure data integrity for data science and engineering workflows with a novel, yet proven approach: manage the data like code. “Git for data” was the idea and that served as the basis for the company’s eponymous open-source project.

At the time Orr and Katz kicked off lakeFS, version control was an often used but siloed capability for software development. But as the need for repeatable and reliable data delivery grew, lakeFS’ popularity surged. Now, version control is emerging as a fundamental layer in AI infrastructure. And lakeFS just raised a $20 million funding round from DTC and other investors to help companies train better models and build better applications by focusing on the key ingredient: their multimodal data.

“When you are training AI models, you rely on multimodal data. And organizations that don’t have the right infrastructure to support this will struggle to get AI systems into production,” Einat Orr, who serves as CEO, said. “Everyone is rethinking their data architecture, because they need to navigate a very stormy world. Things are not stable. You want to build an infrastructure that will take you through that, and that serves you as the AI revolution is happening and evolving.”

Tenured engineers, Orr and Katz knew first-hand the struggles of manually recovering lost assets. With lakeFS, data practitioners can easily version control data in a Git-like model. The technology takes the complexity out of managing data regardless of underlying format, across text, video and images. The result for customers like Lockheed Martin, Microsoft, NASA, Amazon and others is much faster time-to-market for new data-intensive use cases.

“Versioning is no longer something that a tool does for someone. It is an organizational infrastructure for the data that anyone who uses data in the organization can enjoy. And that infrastructure needs to support all data types, from all data sources, for the company’s AI needs,” Orr said.

Scale, reproducibility and trust

With lakeFS, at any moment, enterprises can log the state of every asset in any data repository, review past versions, and quickly revert back to prior states.

“That provides reproducibility. Since you can integrate lakeFS with other tools that you are using, you can have a synced reproducibility of your code, your data and your infrastructure,” said Orr.

Users can interact with the data how they want without compromising the original data set. As they make copies from object storage buckets like S3 and build upon those replications, lakeFS logs the assets and creates a lineage for easy auditing. Users can also expose any changes to team members, as well as integrate them back into the source data, ensuring consistency across the data set’s lifecycle.

“Today, there are many issues with people modifying data while others are still using it. A lot of confusion arises because the data is stored in a single location, like a shared folder” said Orr. “But with data versioning, collaboration and communication become much easier.”

And as fresh data comes in, lakeFS automatically blocks assets that don’t meet a certain quality threshold. This builds up over all trust in data domains and highlights the vital role the versioning layer now plays within enterprise infrastructure.

Everyone in an organization is interested in accessing different versions of their data. But when teams are off using their own versioning in their own tools, massive silos become the challenge. A git-for-data approach gives an organization versioning with full lineage and context.

Open technology, better results

‍Like other popular open-source projects before it, lakeFS’ vibrant community helps to quickly turn user feedback into new products and features. For example, with lakeFS Mount, users can quickly move experimental AI systems running on a laptop to a GPU, eliminating time-consuming integration shifts and further accelerating time-to-market.

And in a market besieged by subpar, half-baked AI tools, lakeFS’s open-source roots and the community built around it are powerful customer acquisition tools.

“Open technologies build trust. You know that a lot of people have tried it, you know how it was tested,” Orr shared. “The traction we have seen across our open source users has greatly and positively influenced the lakeFS roadmap. It’s also served as a foundation for strong relationships with customers like Amazon, Arm, Lockheed Martin, and Volvo. The fact that lakeFS is now cemented in enterprise AI tech stacks with customers of this caliber definitely fueled the demand for this round of growth funding.”

lakeFS announced a $20M growth round of funding, triple-digit growth, and the plans to expand its engineering and go-to-market teams.

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RealPage Acquires Rexera to Accelerate AI Innovation

Thomabravo

Acquisition brings together HomeWiseDocs, a RealPage company, with Rexera’s agentic AI workforce to expand AI capabilities across real estate transactions and operations services

RICHARDSON, Texas & SAN FRANCISCO—RealPage®, a leading global provider of AI-enabled software platforms to the real estate industry, further deepens its roots in AI innovation through its acquisition of Rexera, a pioneer in agentic AI for real estate operations.

By combining Rexera’s agentic AI workforce with HomeWiseDocs’ trusted HOA platform, RealPage is creating the first nationwide platform capable of delivering real estate transactions and operations services at scale — with unmatched speed, precision, and customer satisfaction.

These new capabilities will directly address some of the most time-consuming, manual pain points in real estate: HOA document retrieval, lien searches, mortgage payoffs, and compliance workflows. Together, RealPage and Rexera will make these complex processes faster, more accurate, and more effortless – for title agents, lenders, escrow officers, and ultimately the buyers and sellers they serve.

“By combining RealPage’s scale and the HomeWiseDocs platform with Rexera’s AI capabilities, we’re accelerating the transformation of real estate operations,” said Dana Jones, RealPage CEO and President. “Through this strategic acquisition, RealPage is leading the way in delivering innovative AI solutions to create meaningful value for our customers so they can focus on what matters most: serving their customers.”

“RealPage and Rexera share a commitment to solving the real estate industry’s most persistent challenges through innovative and intelligent technology solutions,” said Vishrut Malhotra, Rexera Co-founder and CEO. “By joining forces, we’re accelerating our ability to deliver transformative AI solutions that streamline operations, reduce friction, and create measurable value for our customers.”

About Rexera
Rexera makes real estate transactions effortless and meaningful for title and escrow companies and lenders. Rexera’s AI agents fully automate workflows—from HOA resale documents and municipal liens to mortgage payoffs and condo reviews—freeing clients to focus on growing their business and getting more referrals. Trusted by some of the largest title and lender firms, Rexera facilitates over 1% of all U.S. residential real estate transactions each month.

About RealPage, Inc.
RealPage improves the business of living.
RealPage is the leading global provider of AI-enabled software platforms to the real estate industry. The company offers the multifamily industry’s first agentic AI platform, Lumina AI™ Workforce, with a coordinated network of intelligent AI agents that work across leasing, operations, facilities, finance and resident engagement. By using RealPage solutions for operational excellence in the front office and throughout property operations, many leading property owners, operators and investors gain transparency into asset performance with data insights, enhancing experiences with customized tools and improving efficiencies to generate incremental yield. Founded in 1998 and headquartered in Richardson, Texas, RealPage joined the Thoma Bravo portfolio of market-leading enterprise software firms in 2021 to realize faster growth and innovation to serve more than 24 million rental units from offices in North America, Europe and Asia. In 2024-2025, RealPage has been recognized as one of America’s Best Employers by Forbes, one of America’s Best Employers for Women by Forbes, one of America’s Greatest Workplaces for Women by Newsweek, one of America’s Greatest Workplaces for Parents and Families by Newsweek, and has been certified as a Great Place to Work™ in India, the Philippines, the UK and the U.S. RealPage’s resident experience platform, LOFT, earned gold in the TITAN Innovation Awards.

Read the release on Business Wire here.

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