Category Archives: News

Tecno Holding, Advent and Nextalia enter into a strategic partnership to accelerate the development of Tinexta

Advent
Advent and Nextalia announce the signing of binding agreements for the acquisition of a stake in Tinexta from current majority shareholder Tecno Holding and the subsequent launch of a mandatory tender offer aimed at delisting
Upon completion, Advent and Nextalia will hold the majority of the shares of Tinexta while Tecno holding will retain a significant minority stake

Milan, 5 August 2025 – Advent International L.P. (“Advent”) acting on behalf of certain private equity funds managed and / or advised by it, and Nextalia SGR S.p.A. (“Nextalia”), acting on behalf of the Nextalia Private Equity and Nextalia Flexible Capital funds (together the “Sponsors”), announce the signing of binding agreements for the acquisition of a stake in Tinexta S.p.A. (“Tinexta” or the “Group”) from the current majority shareholder Tecno Holding S.p.A. (“Tecno Holding”).

Tinexta is an Italian group with digital transformation at its core, operating across three divisions: Digital Trust, Cybersecurity, and Business Innovation. The Digital Trust division is a leading player in the Italian and European Digital Transaction Management market, enabling secure and trustworthy digital transactions between individuals and service providers as well as offering crucial digital tools for independent professionals. The Cybersecurity division offers a wide range of products and services within the Italian cybersecurity market. Lastly, the Business Innovation division supports SMEs and enterprises in innovation, sustainability, and internationalization processes through specialised advisory services.

Founded in 2009 and listed on the Euronext STAR Milan Segment since 2016, Tinexta has operations in 12 countries and over 3,000 employees. The Group has grown consistently over the past 15 years through a combination of organic growth and strategic M&A transactions, reaching total revenues in excess of €450 million in 2024.

As described in greater details in the press release available on Tinexta’s website, the transaction (the “Transaction”) entails the acquisition of a stake representing 38.74% of Tinexta share capital held by the current majority shareholder Tecno Holding by private funds managed by Advent and Nextalia (the “Acquisition”), and the launch, acting in concert with Tecno Holding, of a mandatory tender offer for Tinexta’s shares (the “Offer”), with the aim of delisting from the Euronext STAR Milan market, at the same price (€15 per-share) paid to Tecno Holding in the context of the Acquisition.

Completion of the Acquisition and launch of the Offer are subject to the approval of the Transaction by the shareholders’ meeting of Tecno Holding, convened for the 7th of August 2025, and to the receipt of all required legal authorisations.

Upon satisfaction of these conditions, the Sponsors will complete the Acquisition and proceed with the launch of the Offer, providing timely disclosures to the market.

Upon completion of the Transaction and assuming full success of the Offer, the Sponsors will hold the majority of Tinexta’s shares, while Tecno Holding will retain a significant minority stake.

Francesco Canzonieri, CEO of Nextalia, commented: “This transaction is transformational for Tinexta and represents a compelling opportunity to unlock significant value and accelerate growth in high-potential sectors. It allows us to position  ourselves on an asset with the potential to become a consolidator and a key player in the Digital Transaction Management  market. We aim to give the Group a clear strategic direction and long-term industrial imprint. Nextalia, thanks to its industrial and financial expertise and its extensive network of relationships, will support the Group in the effective execution of its business plan. This also confirms our ability to seize the most compelling opportunities in the Italian market, executing complex and impactful transactions in partnership with leading international investors.”

Francesco Casiraghi, Managing Director at Advent, commented: “Tinexta has a strong track record of innovation and is well-placed to become a European champion. Our investment in Tinexta reflects Advent’s commitment to backing leading growth-oriented businesses across Europe. Joining forces with Nextalia and Tecno Holding provides a unique opportunity to support the company’s next chapter, through enhancing its innovation capabilities, expanding internationally, and delivering long-term value. We look forward to working closely with the management team and our partners to accelerate Tinexta’s strategic development.”

Carluccio Sangalli, Chairman of Tecno Holding, commented: “We are proud to join forces with Advent and Nextalia, who represent the best partners to support Tinexta’s development in the years ahead, by contributing additional financial and industrial expertise. We believe that, also thanks to Advent and Nextalia’s global network and capabilities, Tinexta is ready to take a further step in its growth and market consolidation strategy, particularly abroad. We are also confident that the transaction will enhance the Group’s positioning as a hub for talent retention and an attractive platform for highly qualified professionals, delivering benefits for all of Tinexta’s stakeholders.”

Advent and Nextalia were assisted by Rothschild & Co, Mediobanca, Barclays, and Banca Akros / Gruppo Banco BPM as financial advisors, by Chiomenti and PedersoliGattai as legal advisors, Alvarez & Marsal for financial due diligence and by Legance and KPMG for tax and structuring matters. Tecno Holding has been advised by Lazard as exclusive financial advisor and by Gatti Pavesi Bianchi Ludovici as legal advisor.

About Advent

Advent International is a leading global private equity investor committed to working in partnership with management teams, entrepreneurs, and founders to help transform businesses. With 16 offices across five continents, we oversee more than USD $94 billion in assets under management* and have made over 430 investments across 44 countries.

Since our founding in 1984, we have developed specialist market expertise across our five core sectors: business & financial services, consumer, healthcare, industrial, and technology. This approach is bolstered by our deep sub-sector knowledge, which informs every aspect of our investment strategy, from sourcing opportunities to working in partnership with management to execute value creation plans. We bring hands-on operational expertise to enhance and accelerate businesses.

As one of the largest privately-owned partnerships, our 660+ colleagues leverage the full ecosystem of Advent’s global resources, including our Portfolio Support Group, insights provided by industry expert Operating Partners and Operations Advisors, as well as bespoke tools to support and guide our portfolio companies as they seek to achieve their strategic goals.

*Assets under management (AUM) as of March 31, 2025. AUM includes assets attributable to Advent advisory clients as well as employee and third-party co-investment vehicles.

About Nextalia

Nextalia SGR S.p.A. is an investment platform promoted by Francesco Canzonieri together with leading Italian institutional investors (Intesa Sanpaolo, Unipol Assicurazioni, Aurelia, Finprog Italia, Fondazione ENPAM, H14, Istituto Atesino di Sviluppo, Massimo Moratti S.a.p.a, Confindustria, Bonifiche Ferraresi and Micheli Associati.

With approximately two billion euros in assets under management, Nextalia has established itself as a key Italian player in private market investments, leveraging its extensive network and the expertise of a highly qualified team. Nextalia manages five funds, “Nextalia Private Equity”, “Nextalia Credit Opportunities”, “Nextalia Ventures”, “Nextalia Capitale Rilancio” and “Nextalia Flexible Capital” and has recently launched the fundraising phase for “Nextalia Credit Solutions”.

About Tecno

Tecno Holding S.p.Ais a financial company participated by Camere di Commercio, companies from the chamber system, and Unione Nazionale.

Media Contacts

Advent
Community
Giulia Polvara adventinternational@community.it
+39 334 2823514
Mafalda la Gala
mafalda.lagala@community.it
+39 347 74635

Nextalia
Marina Marchese
Gregorio Galimberti
IR@nextalia.com

MAIM Group
Andrea Pontecorvo
a.pontecorvo@maimgroup.com
+ 39 393 5486192

Categories: News

Tags:

Carlyle to Invest in Ingentis

Carlyle

Nuremberg & London, 5 August 2025 – Global investment firm Carlyle (NASDAQ: CG) today announced that it has agreed to invest in Ingentis Group, a leading provider of organisational charting, design and analytics software. As part of the transaction, the existing Ingentis management team are substantially reinvesting and will continue to lead the company. Existing investor Maguar Capital Partners is selling its stake in Ingentis to Carlyle.

Founded in 1997 in Nuremberg, Germany, Ingentis provides software that enables organisations to visualise, design, analyse, and plan current and future workforce and organizational structures to enable enterprises to continuously improve their organizational effectiveness. The company’s products are used by 2,000 customers and hundreds of blue-chip enterprises worldwide, including many Fortune 500 and DAX-listed companies and it is active in more than 50 countries.

Carlyle will work with Ingentis’ management team to further accelerate its transition into a global category champion in the fast-growing organisational charting, design and analytics market by supporting its continued international expansion, expanding the company’s partner ecosystem, investing in additional analytics and AI functionalities and pursuing strategic M&A opportunities.

Equity for the investment will be provided by Carlyle Europe Technology Partners (“CETP”) V, a €3 billion fund which invests in technology companies across Europe. Carlyle will leverage its longstanding track record of internationalising European software companies, including current portfolio companies such as GBTEC, SER Group, Shopware, Phrase, Hack The Box and Surepay.

Joachim Rotzinger, CEO of Ingentis, said: “We are excited to welcome Carlyle as our new investor. The team’s deep experience in scaling European software businesses globally, coupled with a strong understanding of our product and market, made them a natural fit. This opens up new perspectives to our international expansion, organically and through M&A. At the same time, I would like to thank the Maguar team for their excellent support and partnership over the last few years. We look forward to entering our next growth chapter with Carlyle now.”

Thorsten Dippel, Managing Director on the CETP investment advisory team, said: “We are pleased to partner with Ingentis as it continues to scale in the fast-growing market for organizational design and analytics software solutions. We are particularly impressed by its amazing customers, fantastic team and market-leading technology. This transaction plays to CETP’s strengths in partnering with fast growing European software leaders and supporting their international expansion.”

About Ingentis

Ingentis is a leading provider of org charting, org design, and org analytics software that empowers organizations to continuously improve their effectiveness and performance. The company’s solutions help enterprises visualize, analyze, and optimize their organizational and workforce structures, enabling better strategic decisions. Ingentis serves more than 2,000 renowned organizations worldwide, including hundreds of blue-chip enterprises. Headquartered in Nuremberg, Germany, Ingentis also operates offices in the US. For more information, visit www.ingentis.com.

About Carlyle

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

Media Contacts

Carlyle

Nicholas Brown

nicholas.brown@carlyle.com

+44 7471 037 002

 

Ingentis

Christopher Prohl

christopher.prohl@ingentis.com

+49 911 989759 179

Categories: News

Tags:

CVC DIF to acquire SBA Communications’ Canadian tower business, a leading wireless tower infrastructure platform in Canada

CVC Capital Partners
  • Established in 2009, SBA Communications’ Canadian tower business represents one of the largest independent wireless tower portfolios in Canada
  • Long-term contracted tower portfolio, strategically located across key urban, suburban and rural markets

CVC DIF, the dedicated infrastructure investment strategy of global private markets manager CVC, today announced it has signed a definitive agreement to acquire SBA Communications’ Canadian wireless tower business (“SBA Canada”), a leading independent owner and operator of wireless communications towers across Canada. The transaction is expected to close during the fourth quarter of 2025, subject to customary regulatory approvals and closing conditions. The investment in SBA Canada will be made through DIF Infrastructure VIII.

Established in 2009, SBA Canada represents one of the largest independent wireless tower portfolios in Canada, owning and operating a diversified portfolio of approximately 500 owned and managed wireless communication sites strategically located across high-growth urban, suburban and rural markets. The Company’s portfolio is underpinned by long-term contracts featuring escalation mechanisms and long-duration site control. SBA Canada plays a prominent role in supporting the expansion of next generation 5G and broadband networks for Canadian mobile network operators and connectivity providers.

Tom Goossens, Partner and Co-Head of the DIF Infrastructure fund strategy at CVC DIF, commented: “The acquisition of SBA Canada represents a significant investment in critical digital mobile tower infrastructure. SBA Canada’s diversified high-quality tower portfolio, long-term customer relationships and proven development capabilities make it a valuable addition to CVC DIF’s fund portfolio. We look forward to supporting the Company’s continued growth and helping to accelerate connectivity across Canada.”

Brendan Cavanagh, Chief Executive Officer of SBA Communications, added: “This transaction aligns with our long-term strategic goal of focusing on our core markets, while realizing substantial value for this unique set of assets in Canada and allowing us to reinvest proceeds for the benefit of our shareholders.”

CVC DIF is advised by TD Securities (financial advisor), Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. (legal advisor), EY-Parthenon (commercial advisor), Leo Berwick (financial and tax advisor), Saras Partners (technical advisor) and Arcadis (environmental advisor).

Categories: News

Tags:

Reltio Unveils AgentFlow, A Set of Agents for Data Governance and Business Operations

.406 Ventures

Reltio AgentFlow, built on Reltio Data Cloud, delivers autonomous agents purpose-built for critical jobs using unified, trusted enterprise data.

 

Redwood Shores, CA — August 5, 2025 — Reltio®, the leader in real-time data intelligence, today announced the launch of Reltio AgentFlow™, an innovative agentic AI platform delivering purpose-built, context-aware, autonomous agents for enterprises.

Enterprises face a growing challenge: operationalizing data governance and business workflows at scale in an environment filled with siloed systems and inconsistent data. Teams waste time on manual processes, governance backlogs pile up, and AI initiatives stall or introduce new risks due to poor data quality and lack of oversight. DIY agents and generic copilots often fall short — too shallow to deliver business outcomes, too complex to maintain, and too disconnected from the trusted data needed to take confident, autonomous action.

Built on the proven foundation of Reltio Data Cloud™, Reltio AgentFlow, delivers both the scale enterprises need to support global operations and the data precision required to automate complex, high-stakes workflows. Reltio AgentFlow Agents inherit enterprise-grade security, real-time governance policies, and rich, contextual data from Reltio’s platform, ensuring actions are accurate, auditable, and aligned with business intent. As the agentic data fabric for the enterprise, Reltio Data Cloud powers real-time data intelligence for AI transformation with trusted data across all domains.

“Enterprises urgently need agentic AI applications that go beyond experimentation. They need agents that reduce manual work and speed decision-making,” said Manish Sood, CEO and Founder of Reltio. “Generic solutions can’t deliver real outcomes without the context of enterprise knowledge. With Reltio AgentFlow, enterprises get purpose-built agents powered by Reltio Agentflow and informed by the Reltio Data Cloud, the system of context for AI, enabling automation at scale with trusted, real-time data. The result is rapid, measurable ROI for AI initiatives,  from accelerating time-to-launch and lowering operational costs to reducing regulatory risk exposure.”

Reltio AgentFlow Agents are built to make agentic AI usable and valuable across the enterprise. They offer secure, personalized, role-based experiences that adapt to the needs of different users, from data stewards to business analysts. With proactive recommendations, support for a range of large language models (LLMs), and conversational interfaces, AgentFlow brings intelligent automation to more teams—wherever and however they work.

Reltio AgentFlow Agents are designed based on Reltio’s extensive expertise in data unification and governance with the Intelligent Data Graph (knowledge context), directly mapping to pressing enterprise data tasks such as resolving matches, enriching attribution details, identifying and fixing data quality anomalies, and validating data for compliance, among others. Unlike generic AI copilots and agents, Reltio AgentFlow Agents drive immediate business outcomes with an intuitive conversational user interface, orchestration of sub-agents, long- and short-term memory, seamless tool and model integrations, all out-of-the-box.

Reltio customers, including Radisson Hotel Group and Eaton Corporation, are taking advantage of early access to AgentFlow, developing agents that will work on complex data-related tasks, such as match resolution, complex hierarchy management, data governance, and enhancing data quality.

Leading global partners Cognizant, ZS, and TCS are already supporting clients in adopting Reltio AgentFlow, leveraging it to create business operations agents that empower such clients in their businesses:

“Enterprises are navigating an increasingly complex digital landscape and require both specialized capabilities and trusted, unified data. Agentic AI platforms can be a powerful compass. Reltio’s AgentFlow platform is adept at understanding the business context and delivering secure, governed automation across data-intensive workflows. It not only automates tasks, but also adapts, unlocking new levels of efficiency, personalization, and innovation across industries,” said Satish Byravan, Global Head, Data and Analytics Practice, TCS.

“Our customers need actionable AI solutions, not just suggestions. Reltio AgentFlow provides context-driven autonomous agents that integrate seamlessly into existing business workflows, accelerating time-to-value,” said Mike Powers, principal and global master data management (MDM) practice lead at ZS, a global management consulting and technology firm.

“Reltio AgentFlow is a compelling offering for enterprises that need to scale data governance and business workflows securely,” said Diptesh Singh, at Cognizant. “The prebuilt agents enable clients to rapidly achieve compliance, productivity, and innovation outcomes while also minimizing the complexities associated with generalized AI solutions.”

Additionally, Reltio’s AgentFlow MCP (Model Context Protocol) Server allows enterprises to securely integrate Reltio AgentFlow Agents, their own custom-built agents, or third-party agents with the trusted, governed data from Reltio’s Intelligent Data Graph, ensuring consistent, context-aware actions at scale for business and data team workflows.

Reltio AgentFlow MCP Server is generally available to customers now, and Reltio AgentFlow Agents are available to select customers through Reltio’s Early Access program. General availability of Reltio AgentFlow Agents is coming soon in Fall 2025.

———————————————

At Reltio, we believe data should fuel your success in the enterprise AI era. Reltio Data Cloud is the agentic data fabric for the enterprise, powering real-time data intelligence and AI transformation. Reltio’s cloud-native SaaS platform delivers unified, trusted, and context-rich data across domains in real-time. With Reltio, organizations gain 360-degree views of customers, products, suppliers, and more—mobilized in milliseconds to any application, user, or AI agent. Trusted by the world’s largest enterprises across life sciences, financial services, healthcare, technology, and more, Reltio helps organizations fuel frictionless operations, drive innovation, and reduce risk.

“Reltio” is a registered trademark, and Reltio Data Cloud, Reltio AgentFlow and Reltio Customer 360 are trademarks of Reltio, Inc. All Rights Reserved.

Contacts

Melissa Muskett
Allison Worldwide for Reltio
Reltio@allisonworldwide.com

More News

Categories: News

Tags:

Warburg Pincus Acquires Two High-Quality Logistics Assets in Greater Tokyo

Warburg Pincus logo

Acquisition strengthens Warburg Pincus’ Japan real estate portfolio with modern, fully leased assets positioned for long-term growth

Tokyo, August 6, 2025 – Warburg Pincus, the pioneer of private equity global growth investing, today announced that, through the Warburg Pincus Asia Real Estate Fund (“WPARE”), it has committed to acquiring two prime logistics properties – I Missions Park Inzai (“IMP Inzai”) and Logitres Sano, from Mitsui Fudosan Logistics REIT through a bridge financing structure. The total transaction value is approximately US$240 million.

Located in key logistics hubs within Greater Tokyo, the two properties are modern, fully leased facilities with strategic connectivity and high specifications tailored to e-commerce and third-party logistics operations.

IMP Inzai is a five-story, purpose-built logistics facility completed in 2018, with a total gross floor area (GFA) of 110,516 square meters. It is fully leased to a major e-commerce tenant and has been awarded a DBJ Green Building 4 Star rating. Strategically located within 40 km of central Tokyo, the property offers excellent logistics connectivity via National Route 16 and the Chiba Kita interchange on the Higashi Kanto Expressway. It also serves as a key transfer hub for air cargo to and from Narita Airport.

Logitres Sano, located in Tochigi Prefecture, is a two-story logistics facility completed in 2023, with a total GFA of 7,144 square meters. The property benefits from proximity to major national roads and expressways, enabling efficient distribution across the broader Northern Kanto region.

Takashi Murata, Managing Director, Co-Head of Asia Real Estate and Head of Japan at Warburg Pincus, said, “E-commerce expansion and rapid urbanization continue to drive strong demand for modern logistics facilities in Japan. Coupled with a structural imbalance in certain submarkets where demand significantly exceeds supply, we have strong conviction in the sector’s long-term potential. These acquisitions align with our strategy to deepen our exposure to high-quality logistics assets in core Japanese markets, where tenant demand remains robust. IMP Inzai and Logitres Sano offer a compelling combination of income stability and value creation opportunities, supported by strong tenancy, full occupancy, and strategic connectivity.

This investment also reinforces our broader plan to scale investment activities in Japan. Recent investments include the acquisition of Tokyo Beta, the largest share house portfolio in Japan with over 16,000 rooms, and the acquisition of Shinagawa Seaside West Tower by our joint venture with Eastgate Group, which focuses on life sciences and R&D real estate.”

Warburg Pincus is one of the largest and most active investors in Asia’s logistics sector, with 10 portfolio companies and ventures1 including ESR, QUBE Industrial, BW Industrial, Wide Creek, and Hale. The firm is also advancing its plan to open an office and build an on-the-ground team in Japan to support its expanding real estate and private equity investment activities in the market.

[1] Represents current and former portfolio companies with exposure to the sector.

***

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 US$86 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.

Warburg Pincus began investing in Asia real estate in 2005. Today, it has become one of the largest and most active investors in the region, with nearly US$10 billion invested in around 60 real estate platforms and ventures. The firm is a pioneer of platform investing and has co-founded or sponsored leading platforms alongside best-in-class entrepreneurs.

Media Contact

Warburg Pincus

Lisa Liang

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

lisa.liang@warburgpincus.com

Categories: News

Tags:

Defibrion expands emergency response offering with acquisition of Ecosafety

IK Partners

Groningen, Netherlands, 05 August 2025 – Defibrion B.V. (“Defibrion”) a leading Dutch distributor of automated external defibrillators (“AEDs”) and other emergency response products, has completed the acquisition of Ecosafety B.V. (“Ecosafety” or “the Company”), a leading distributor of fire safety equipment.

Founded in 2009 and headquartered in Barendrecht, Ecosafety is one of the largest independent fire safety distributors in the Netherlands, serving installation companies across a broad range of products. Its offering includes fire extinguishers, fire hose reels, related fire safety and emergency products as well as AEDs. Jane Lewis will continue to lead the company.

As a result of this acquisition, Defibrion will significantly expand its product offering across the emergency response market. This will enable Defibrion to serve as a comprehensive provider, catering to most of their customers across all needs, thereby simplifying the supplier landscape. The combined group will have approximately 65 employees, operating from four locations across the Netherlands and Belgium. The group will continue to look for other suitable acquisition targets to expand throughout Europe.

Joshua Valkenier, Co-Founder and CEO of Defibrion, said: “The acquisition of Ecosafety marks an exciting step forward for Defibrion as we expand our footprint in the emergency response space. Ecosafety’s high-quality fire extinguishers and emergency safety equipment are highly complementary to our core AED offering and will enhance our presence in the growing fire safety market. We look forward to welcoming Jane and her team on board to build a full-service provider of emergency response solutions.”

Jane Lewis, CEO of Ecosafety, added: “Joining forces with Defibrion is a proud moment for Ecosafety and a natural next step in our growth journey. We look forward to working with Joshua and his team at Defibrion, combining our strengths to create new opportunities, expand our reach and deliver even greater value to customers across Europe.”

Andre Jeuken, Founder of Ecosafety, concluded: “After a long and intense period of building Ecosafety, it is now time to formally hand over to Jane Lewis. We have prepared for this transition a long time already and I’m confident that she will continue to push our company to new heights.”

For more information, please contact:
Luit Romeijnders at Defibrion – Luit@defibrion.nl

About Defibrion

Founded in 2008, Defibrion provides a broad range of AEDs and emergency response solutions to customers across Europe. The company offers a full-service concept, including product selection, installation, maintenance, and training. Defibrion also developed the ARKY AED cabinet series, which is sold to distributors in more than 35 countries worldwide. With a strong focus on reliability and service, Defibrion supports businesses, governments, and institutions in building safer environments. For more information, visit defibrion.com

Read More 

About Ecosafety

Founded in 2009 and based in Barendrecht, Ecosafety is a trusted supplier of fire safety equipment and emergency response products. The company serves a broad network of installation partners across the Netherlands, offering a wide range of certified fire extinguishers, hose reels, AEDs, and related safety solutions. Known for its technical expertise, reliable service, and high-quality product offering, Ecosafety supports its customers in meeting the highest standards of fire safety and compliance. For more information, visit ecosafety.n

Categories: News

Tags:

Opiniion Acquires Rentgrata, Signaling a New Era in Resident Engagement

Five-Elms

The acquisition unites two leading resident experience platforms to deliver a holistic solution that elevates the resident journey and drives leasing success for landlords nationwide.

Lehi, UT – Mon, Aug 4 – Opiniion, a leading resident satisfaction software, today announced that it has acquired Rentgrata, a pioneering peer-to-peer resident engagement tool. Rentgrata connects prospective renters with current residents, bringing trust and transparency into the leasing process. This strategic acquisition integrates two innovative proptech solutions to create an industry leading, end-to-end platform designed to enhance the entire resident journey, from pre-lease to lease renewal to move out.

Since its founding in 2017, Opiniion has helped property management teams streamline the process of collecting and analyzing resident feedback and generating authentic online reviews, both of which are crucial to enhancing the resident experience. What began as a reputation management solution has since grown into a comprehensive resident satisfaction platform.

Today, Opiniion is executing on a broader vision: expanding from a single-product solution into a full-service platform and becoming the industry’s first, preeminent resident operations hub. Through the acquisition of Rentgrata, Opiniion’s enhanced platform will bring together a full suite of resident-centric tools designed to support every stage of the resident journey. Together, Opiniion and Rentgrata now support over 2,000,000 units across 9,000+ communities nationwide, establishing it as a leading resident experience and operations hub.

This move follows recent product expansions including SocialPro, ListingsPro, and enhanced survey capabilities, extending Opiniion’s value beyond feedback collection to encompass broader resident engagement, marketing visibility, and operational insights. The acquisition of Rentgrata further accelerates Opiniion’s platform evolution by adding authentic, prospect-level engagement and resident rewards to the resident experience.

“This acquisition is a major step forward in redefining how properties attract, engage, and retain residents,” said Devin Shurtleff, CEO of Opiniion. “By bringing Rentgrata into the Opiniion ecosystem, we’re creating one solution that addresses two critical stages in the resident journey: the initial prospect experience and the long-term resident relationship. It’s a powerful convergence that reinforces our commitment to becoming the industry’s first all-in-one resident operations platform.”

“Joining Opiniion was a natural fit,” said Ben Margolit, CEO and Co-Founder of Rentgrata. “We’ve always believed in the power of authentic resident voices to shape leasing outcomes. With Opiniion, we can now extend that impact well beyond the lease signing, giving property teams smarter solutions to engage and retain residents.”

“Opiniion and Rentgrata share a commitment to creating meaningful, measurable impact for property operators and renters alike,” said Stephanie Schneider, Partner at Five Elms Capital, which led the investment. “We’re excited to support the acquisition and believe it further solidifies Opiniion as a leader in resident experience technology.”

About Opiniion

Opiniion is a leading resident satisfaction platform in multifamily, student, and senior housing, helping property managers collect real-time feedback, generate online reviews, and improve resident experiences. Now expanding into a full resident operations hub, Opiniion empowers teams to manage the full resident journey with tools that impact every stage of the resident journey. Learn more at opiniion.com.

About Rentgrata

Rentgrata is a peer-to-peer engagement platform that connects prospective renters with real residents of apartment communities. By fostering authentic, one-on-one conversations, Rentgrata gives prospects real insight into what it’s like to live at a property, while helping property teams build trust and drive qualified leads. Learn more at rentgrata.com.

About Five Elms Capital

Five Elms Capital is a growth investor in software businesses that users love, providing capital and resources to help companies accelerate growth and further cement their role as industry leaders. With over $3 billion in assets under management and a team of over 80 professionals, Five Elms has invested in more than 70 software platforms worldwide. Beyond providing capital, Five Elms delivers strategic and operational expertise, focused on executing initiatives that move the needle on growth, retention, product, and AI to set companies up for long-term success. For more information, visit fiveelms.com.

Categories: News

Tags:

Elevate Patient Financial Solutions Announces Strategic Investment from Audax Private Equity and Parthenon Capital

Audax Group

Elevate Patient Financial Solutions (“Elevate” or the “Company”), a leading provider of front-end eligibility and enrollment and back-end revenue cycle management (“RCM”) technology and services, announced a strategic investment from Audax Private Equity (“Audax”) and Parthenon Capital (“Parthenon”), two private equity firms with a long history of supporting innovative healthcare businesses.

The investment will provide Elevate with additional resources and capital to support key growth initiatives and future acquisitions seeking to enhance its value proposition to hospital and health system clients.

“We are thrilled to partner with the Audax and Parthenon teams as we move into this next chapter in Elevate’s evolution,” said Mike Shea, Elevate’s CEO. “Both firms bring deep experience in building healthcare businesses, and we are excited by the alignment in the go-forward strategic vision for Elevate. We look forward to pursuing innovative ways to deliver more value-added capabilities and support our clients as they navigate an ever-changing market environment.”

With a diverse suite of front-end eligibility and enrollment, back-end complex claims, revenue integrity, and patient pay solutions, Elevate will focus on continuing to strengthen existing front-end and back-end RCM technology and services, while adding new complementary solutions that can support operating performance of hospitals and health systems.

Adam Abramson, a Partner at Audax said, “Elevate has established itself as an industry-leader in front-end eligibility and enrollment with a growing presence in back-end revenue cycle management solutions, serving some of the largest hospitals and health systems across the country. We believe the Company is well-positioned to continue to deliver a strong front-end and back-end value proposition to clients, while continuing to expand in other high-value RCM services and technology that can deliver tangible value to its hospital and health system clients.”

Dan Killeen, a Partner at Parthenon said, “We are entering a critical time for hospitals and health systems as they look to navigate significant regulatory changes that will impact the coverage of patients across the country. Under Mike’s leadership, Elevate is a strategic partner to its provider clients and we are excited to support the Company as it pursues its mission of ensuring hospitals and health systems are able to continue to provide care to those patient populations who need it most.”

Robert W. Baird served as financial advisor to Elevate and Goodwin Procter LLP served as legal counsel, while Kirkland & Ellis served in the same capacity to Audax and Parthenon. Audax is investing in Elevate through its Flagship strategy.

The transaction closed on July 31, 2025.

About

About Elevate
A trusted partner for more than 40 years, Elevate delivers market-leading RCM solutions to hospitals and health systems nationwide. Elevate provides best-in-class services and innovative, specialized technology to address the most complex challenges of the revenue cycle. Services include Medicaid Eligibility and Disability Enrollment, Third Party Liability, Workers’ Compensation, Veterans Affairs, Out-of-State Eligibility, Denials Management, Extended Business Office Engagements, including A/R Services, Low Balance Insurance Follow up, Zero Balance Payment Recovery, and Legacy Receivables, and Self-Pay/Early Out Billing and Collections. Learn more at www.elevatepfs.com.

About Audax Private Equity
Headquartered in Boston, with offices in San Francisco, New York, London and Hong Kong, Audax Private Equity manages three strategies: its Flagship and Origins private equity strategies, seeking control buyouts in the core middle and lower middle markets, respectively, and its Strategic Capital strategy that provides customized equity solutions to PE-backed portfolio companies to help drive continued growth. With approximately $19 billion of assets under management as of March 2025, over 290 employees, and 100-plus investment professionals, Audax has invested in over 175 platforms and more than 1,400 add-on acquisitions since its founding in 1999. Through our disciplined Buy & Build approach, across six core industry verticals, Audax seeks to help portfolio companies execute organic and inorganic growth initiatives with the aim of fueling revenue expansion, optimizing operations, and significantly increasing equity value. For more information, visit www.audaxprivateequity.com or follow us on LinkedIn.

About Parthenon
Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco, and Austin. Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. Parthenon seeks to be an active and aligned partner to management, either through recapitalization transactions or by backing new executives. Parthenon has particular expertise in financial and insurance services, healthcare and technology services, but seeks any service, technology, or delivery business with a strong value proposition and proprietary know-how. For more information, visit www.parthenoncapital.com.

Categories: News

Tags:

Bain Capital and 11North Partners Acquire Portfolio of 10 Open-Air Retail Centers Across Florida and South Carolina

BainCapital

BOSTON & NEW YORK – August 4, 2025 – Bain Capital and 11North Partners (“11North”), a retail focused investment platform, today announced the acquisition of a portfolio of ten open-air retail centers across Florida and South Carolina, most of which are anchored by Publix, for approximately $395 million. The private transaction was executed through an exclusive partnership between Bain Capital Real Estate and 11North focused on acquiring and operating open-air retail centers throughout the U.S. and Canada.

This acquisition follows the joint venture’s recent purchase of three open-air lifestyle retail centers in Oklahoma City and reflects the platform’s continued momentum in high-growth, high-conviction markets.

Strategically located across the thriving Florida submarkets of Fort Lauderdale, Orlando, Tampa, and Palm Beach, as well as Charleston, South Carolina, the portfolio includes:

  • Sawgrass Square
  • Plantation Promenade
  • Miramar Commons
  • Rolling Oaks
  • Promenade at Poinciana
  • Solivita Marketplace
  • New Tampa Center
  • Lake Worth Plaza
  • Garden Shops at Boca
  • Point Hope Commons

Collectively, the ten properties span more than one million square feet of gross leasable area, with in-place occupancy exceeding 93 percent. Seven of the centers are anchored by Publix, and the portfolio features a strong mix of national, regional, and daily-needs tenants such as Bank of America, Chipotle, Starbucks, Chick-fil-A, Jersey Mike’s, and McDonald’s. The assets are situated in high-barrier, desirable communities including Boca Raton, Sawgrass, Plantation, and Charleston, SC, markets known for strong household demographics, limited new retail supply, and sustained population growth.

“This transaction represents a compelling opportunity to embed our platform in strong, in-demand communities that are benefiting from significant demographic shifts across the Southeast, including lifestyle migration and an aging population,” said Brian Harper, Founder and Managing Partner of 11North. “We’re thrilled to expand our presence in Florida through the acquisition of this high-performing portfolio anchored by Publix and complemented by a mix of top-tier national retailers. Our combined portfolio of grocery-anchored assets now includes Whole Foods, Trader Joe’s, and Publix, three of the most trusted names in retail. Across the platform, average grocery sales volumes are approximately $1,000 per square foot, underscoring the quality and durability of these centers.”

“This scaled acquisition, which has strong fundamentals and sits in one of the country’s most attractive growth regions, squarely aligns with our thematic approach to investing in open-air, necessity-based retail,” said Martha Kelley, Managing Director at Bain Capital Real Estate. “We are excited to continue building a differentiated and high-quality portfolio alongside our partners at 11North in markets where we have long-term conviction.”

Bain Capital and 11North formed their strategic joint venture in April 2024, targeting open-air retail assets with a high concentration of necessity-based tenancy and long-term consumer demand drivers.

About Bain Capital Real Estate
Bain Capital Real Estate was formed in 2018 and pursues investments in often hard-to-access sectors underpinned by enduring secular trends that drive long-term demand growth for real estate assets and services. The Bain Capital Real Estate team has been executing its strategy since 2010 (formerly as a part of Harvard Management Company), having invested and committed over $9 billion of equity across multiple sectors. Bain Capital Real Estate focuses on assets where the team applies its deep industry expertise to accelerate impact and drive operational improvements. Bain Capital Real Estate’s strategy aligns with the value-added investment approach that Bain Capital pioneered and leverages the firm’s global platform and significant experience across asset classes to further bolster its insights and sourcing capabilities. Bain Capital is one of the world’s leading private investment firms with approximately $185 billion of assets under management. For more information, visit https://www.baincapitalrealestate.com.

About 11North Partners
11North Partners is a real estate investment firm focused on curating a portfolio of retail investments diversified across markets and product types. With a focus on the intersection of superior performance and bold vision, the 11North team is dedicated to redefining the traditional approach to retail real estate.

The team’s combination of deep industry expertise, retailer and owner relationships, and blue-chip institutional partners provides unique insight into the ever-evolving retail landscape and unparalleled access to deal flow. 11North seeks to deliver attractive risk-adjusted returns through unlocking value across retail verticals including real estate ownership, debt and operating company investment. For more information, visit https://www.11northpartners.com.

Categories: News

Tags:

Emerald Leads SGD 8 Million Investment in SG Enviro, Driving Advanced Industrial Wastewater Treatment in SE Asia

Emerald

Singapore – Emerald Technology Ventures, a global leader in climate-tech venture capital, has announced a strategic investment in SG Enviro (SGE), a Singapore-based industrial wastewater engineering firm. The SGD 8 million investment, led by Emerald, will support SGE’s expansion across Southeast Asia and the development and integration of proprietary technologies in its solution portfolio.

Founded in 2018 by environmental engineer Guah Eng Hock, SGE specializes in designing, integrating, and operating industrial wastewater treatment technologies tailored to Southeast Asia’s unique requirements.

SG Enviro Management Team

Emerald’s investment aligns with its strategy of fostering collaborations among its portfolio companies as well as corporates to accelerate the adoption of sustainable technologies. SGE will benefit from partnerships with other Emerald-backed global technology firms. It can differentiate itself by integrating leading edge technologies, while these tech companies benefit from accessing a growing yet distant market in SEA via a trusted partner.

“We look forward to connecting our global portfolio of water tech entrepreneurs with SG Enviro’s strong execution and operation capabilities,” said Dr. Helge Daebel, Head of Emerald’s Water Practice and new member of SGE’s Board. “Together, we can bring world-class solutions to Southeast Asia’s industries – where the need for water resilience has never been more urgent.”

SGE’s notable projects include the deployment of a large-scale AOP at an oil storage facility in Singapore, treating thousands of cubic meters of phenol-laden wastewater daily. The company has also secured contracts for retrofitting biogas wastewater systems at livestock farms and providing ongoing operations and maintenance services, establishing a recurring revenue model.

The investment will enable SGE to expand its footprint in Malaysia, Indonesia, and other Southeast Asian markets, where industrial wastewater treatment infrastructure is in high demand.

“This investment marks a significant milestone for us,” said Guah Eng Hock, Founder and CEO. “It not only validates our belief that industrial water treatment in Asia requires region-specific, practical engineering – it also gives us Emerald’s support with curated global access to leading edge technologies to help us be more efficient in our operations and better serve their customers. Their network will also help us to scale up and create real impact across Southeast Asia.”

More on Water & Wastewater at Emerald:

Water & Wastewater

Veralto Commits €20M to Emerald’s New Fund to Accelerate Water Innovation Solutions

The water risk is real – with Eliza Roberts, Microsoft

About Emerald Technology Ventures

Emerald is a globally recognized venture capital firm, founded in 2000, that manages and advises assets of over €1 billion from its offices in Zurich, Toronto and Singapore. The firm invests in start-ups that tackle big challenges in climate change and sustainability, with four current funds, hundreds of venture transactions and five third-party investment mandates, including loan guarantees to over 100 start-ups.

This is Emerald.

Bold Ideas. Bright Future.  www.emerald.vc

CONTACT FOR EMERALD:

info@emerald.vc

About SG Enviro

SG Enviro Pte Ltd is a Singapore based company adopting the latest emerging sustainable environmental technology. The application of Engineering, Procurement and Construction ( EPC ) approach weave our versatile proprietary innovation in advanced oxidation processes for industrial wastewater treatment. This allows us to integrate and tailor our products to meet the clients wastewater concerns whilst reducing our ecological footprint on society.

SG Enviro Website

 

Categories: News

Tags: